Biglari Holdings Inc.
BH- Exchange
- NYSE
- Industry
- Retail-Eating Places
- SEC CIK
- 0001726173
No open-market purchases or sales by Biglari Holdings Inc. insiders were filed in the last 90 days; 113 institutions reported holding it in 13F filings for Q2 2026, worth $850.5M in total; no superinvestor holds it.
Other share classesBH.A
13F holders, Q2 2025
Institutional positions in Biglari Holdings Inc. as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 92
- +17 vs. Q1 2025
- Shares held
- 1.83M
- +32.9K (+1.8%) vs. Q1 2025
- Total value
- $534.5M
- +$145.5M (+37.4%) vs. Q1 2025
- New holders
- 24
- 23 more added
- Sold out
- 7
- 24 more reduced
Compare with Q1 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting BH on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 113 | $850.5M |
| Q1 2026 | 116 | $652.9M |
| Q4 2025 | 106 | $642.0M |
| Q3 2025 | 97 | $612.7M |
| Q2 2025 | 92 | $534.5M |
| Q1 2025 | 75 | $389.0M |
| Q4 2024 | 75 | $454.5M |
| Q3 2024 | 69 | $293.0M |
| Q2 2024 | 72 | $328.7M |
| Q1 2024 | 68 | $320.7M |
| Q4 2023 | 68 | $278.2M |
| Q3 2023 | 67 | $275.8M |
| Q2 2023 | 72 | $330.1M |
| Q1 2023 | 72 | $279.2M |
| Q4 2022 | 60 | $226.8M |
| Q3 2022 | 56 | $189.0M |
| Q2 2022 | 63 | $202.5M |
| Q1 2022 | 67 | $243.1M |
| Q4 2021 | 65 | $244.7M |
| Q3 2021 | 76 | $289.8M |
| Q2 2021 | 72 | $268.1M |
| Q1 2021 | 70 | $226.0M |
Institutions, Q2 2025
Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q1 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| SBI Securities Co., Ltd. | 1 | $292 | 0.00% | 00.0% | Unchanged |
| Salem Investment Counselors Inc | 1 | $293 | 0.00% | 00.0% | Unchanged |
| True Wealth Design, LLC | 1 | $293 | 0.00% | 00.0% | Unchanged |
| Nisa Investment Advisors, LLC | 2 | $584 | 0.00% | +2 | New |
| IFP Advisors, Inc | 0 | $584 | 0.00% | 0 | New |
| American Capital Advisory, LLC | 3 | $877 | 0.00% | 00.0% | Unchanged |
| Aster Capital Management (DIFC) Ltd | 4 | $1.17K | 0.00% | −25−86.2% | Reduced |
| CIBC Private Wealth Group, LLC | 4 | $1.17K | 0.00% | 00.0% | Unchanged |
| Country Trust Bank | 5 | $1.46K | 0.00% | +5 | New |
| GAMMA Investing LLC | 6 | $1.75K | 0.00% | +2+50.0% | Added |
| EverSource Wealth Advisors, LLC | 9 | $2.63K | 0.00% | +6+200.0% | Added |
| Russell Investments Group, Ltd. | 12 | $3.51K | 0.00% | +12 | New |
| Advisor Group Holdings, Inc. | 17 | $4.97K | 0.00% | −383−95.8% | Reduced |
| Global Retirement Partners, LLC | 19 | $5.55K | 0.00% | +19 | New |
| Amalgamated Bank | 25 | $7.00K | 0.00% | 00.0% | Unchanged |
| North Star Investment Management Corp. | 26 | $7.60K | 0.00% | 00.0% | Unchanged |
| Sterling Capital Management LLC | 29 | $8.47K | 0.00% | +6+26.1% | Added |
| CWM, LLC | 39 | $11.0K | 0.00% | +8+25.8% | Added |
| Jones Financial Companies LLLP | 39 | $11.4K | 0.00% | +27+225.0% | Added |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 40 | $11.7K | 0.00% | +40 | New |
| Larson Financial Group LLC | 50 | $14.6K | 0.00% | 00.0% | Unchanged |
| California State Teachers Retirement System | 53 | $15.5K | 0.00% | 00.0% | Unchanged |
| Legal & General Group Plc | 65 | $19.0K | 0.00% | 00.0% | Unchanged |
| Comerica Bank | 70 | $20.5K | 0.00% | 00.0% | Unchanged |
| Hoey Investments, Inc | 72 | $21.0K | 0.00% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 80 | $23.4K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 83 | $24.3K | 0.00% | −34−29.1% | Reduced |
| FMR LLC | 92 | $26.9K | 0.00% | +23+33.3% | Added |
| Police & Firemen's Retirement System of New Jersey | 171 | $50.0K | 0.00% | +50+41.3% | Added |
| Citigroup Inc | 269 | $78.6K | 0.00% | −278−50.8% | Reduced |
| Raymond James Financial Inc | 360 | $105.2K | 0.00% | +360 | New |
| Deutsche Bank AG | 364 | $106.4K | 0.00% | 00.0% | Unchanged |
| Mirae Asset Global ETFs Holdings Ltd. | 369 | $107.8K | 0.00% | −66−15.2% | Reduced |
| Public Employees Retirement Association of Colorado | 398 | $116.0K | 0.00% | 00.0% | Unchanged |
| BNP Paribas Arbitrage, SA | 424 | $123.9K | 0.00% | +380+863.6% | Added |
| Wells Fargo & Company | 433 | $126.5K | 0.00% | −3−0.7% | Reduced |
| MetLife Investment Management | 459 | $134.1K | 0.00% | 00.0% | Unchanged |
| Bartlett & Co. Wealth Management LLC | 503 | $147.0K | 0.00% | 00.0% | Unchanged |
| Quest Partners LLC | 519 | $151.7K | 0.01% | +519 | New |
| New York State Common Retirement Fund | 526 | $153.7K | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 700 | $204.5K | 0.00% | −194−21.7% | Reduced |
| Royal Bank of Canada | 761 | $223.0K | 0.00% | +6+0.8% | Added |
| AQR Capital Management LLC | 795 | $232.3K | 0.00% | +795 | New |
| Susquehanna International Group, LLP | 816 | $238.4K | 0.00% | −498−37.9% | Reduced |
| Axq Capital, LP | 852 | $249.0K | 0.08% | +852 | New |
| Goldman Sachs Group Inc | 861 | $251.6K | 0.00% | −2,723−76.0% | Reduced |
| Centiva Capital, LP | 887 | $259.2K | 0.02% | +887 | New |
| Occudo Quantitative Strategies LP | 946 | $276.4K | 0.03% | +946 | New |
| Rhumbline Advisers | 1,057 | $308.9K | 0.00% | −48−4.3% | Reduced |
| Millennium Management LLC | 1,075 | $314.1K | 0.00% | +82+8.3% | Added |
| Barclays PLC | 1,145 | $334.6K | 0.00% | −468−29.0% | Reduced |
| American Century Companies Inc | 1,160 | $339.0K | 0.00% | +1,160 | New |
| LPL Financial LLC | 1,186 | $346.6K | 0.00% | +14+1.2% | Added |
| Squarepoint Ops LLC | 1,323 | $386.6K | 0.00% | +1,323 | New |
| Brevan Howard Capital Management LP | 1,398 | $408.5K | 0.00% | +1,398 | New |
| Alliancebernstein L.P. | 1,401 | $409.4K | 0.00% | +1,401 | New |
| Jacobs Levy Equity Management, Inc | 1,451 | $424.0K | 0.00% | 00.0% | Unchanged |
| Trexquant Investment LP | 1,484 | $433.6K | 0.00% | +1,484 | New |
| Two Sigma Advisers, LP | 1,500 | $438.3K | 0.00% | +1,500 | New |
| UBS Group AG | 1,547 | $452.0K | 0.00% | −734−32.2% | Reduced |
| Engineers Gate Manager LP | 1,663 | $485.9K | 0.01% | +1,663 | New |
| STRS Ohio | 1,800 | $526.0K | 0.00% | −500−21.7% | Reduced |
| HRT Financial LP | 1,841 | $537.0K | 0.00% | −585−24.1% | Reduced |
| Bank of New York Mellon Corp | 2,138 | $624.7K | 0.00% | +115+5.7% | Added |
| Charles Schwab Investment Management Inc | 2,199 | $642.6K | 0.00% | −139−5.9% | Reduced |
| Rathbone Brothers plc | 2,300 | $672.1K | 0.00% | 00.0% | Unchanged |
| Gsa Capital Partners LLP | 2,768 | $809.0K | 0.06% | +600+27.7% | Added |
| Los Angeles Capital Management LLC | 2,793 | $816.1K | 0.00% | −645−18.8% | Reduced |
| Martingale Asset Management L P | 2,952 | $862.6K | 0.02% | −332−10.1% | Reduced |
| Jump Financial, LLC | 2,983 | $871.7K | 0.01% | +2,983 | New |
| Man Group plc | 2,985 | $872.2K | 0.00% | +2,985 | New |
| Ritholtz Wealth Management | 3,746 | $1.09M | 0.02% | +496+15.3% | Added |
| Two Sigma Investments, LP | 4,400 | $1.29M | 0.00% | +4,400 | New |
| Renaissance Technologies LLC | 6,326 | $1.85M | 0.00% | +400+6.7% | Added |
| O'Shaughnessy Asset Management, LLC | 6,381 | $1.86M | 0.01% | +165+2.7% | Added |
| Citadel Advisors LLC | 6,759 | $1.98M | 0.00% | +6,759 | New |
| Northern Trust Corp | 7,077 | $2.07M | 0.00% | −475−6.3% | Reduced |
| Invesco Ltd. | 9,633 | $2.81M | 0.00% | +9,633 | New |
| Empowered Funds, LLC | 10,078 | $2.94M | 0.03% | +645+6.8% | Added |
| Morgan Stanley | 10,787 | $3.15M | 0.00% | +7,944+279.4% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 12,626 | $3.69M | 0.01% | +597+5.0% | Added |
| Peapod Lane Capital LLC | 13,876 | $4.05M | 4.06% | +47+0.3% | Added |
| Arrowstreet Capital, Limited Partnership | 14,167 | $4.14M | 0.00% | −371−2.6% | Reduced |
| Geode Capital Management, LLC | 15,395 | $4.50M | 0.00% | −401−2.5% | Reduced |
| State Street Corp | 15,537 | $4.54M | 0.00% | +2,392+18.2% | Added |
| Nuveen, LLC | 15,555 | $4.55M | 0.00% | −2,754−15.0% | Reduced |
| Bridgeway Capital Management, LLC | 16,278 | $4.76M | 0.11% | +645+4.1% | Added |
| JPMorgan Chase & Co | 27,006 | $7.89M | 0.00% | −370−1.4% | Reduced |
| Vanguard Group Inc | 37,980 | $11.1M | 0.00% | −2,950−7.2% | Reduced |
| BlackRock, Inc. | 51,908 | $15.2M | 0.00% | −2,753−5.0% | Reduced |
| Dimensional Fund Advisors LP | 94,911 | $27.7M | 0.01% | +2,217+2.4% | Added |
| Biglari Capital Corp. | 1,394,437 | $407.5M | 47.10% | 00.0% | Unchanged |
| Allspring Global Investments Holdings, LLC | 0 | $0 | 0.00% | −2,496−100.0% | Sold out |
| Cerity Partners LLC | 0 | $0 | 0.00% | −2,091−100.0% | Sold out |
| State of Wisconsin Investment Board | 0 | $0 | 0.00% | −1,200−100.0% | Sold out |
| Jane Street Group, LLC | 0 | $0 | 0.00% | −1,189−100.0% | Sold out |
| Corebridge Financial, Inc. | 0 | $0 | 0.00% | −356−100.0% | Sold out |
| Barrow Hanley Mewhinney & Strauss LLC | 0 | $0 | 0.00% | −67−100.0% | Sold out |
| Smartleaf Asset Management LLC | 0 | $0 | 0.00% | −10−100.0% | Sold out |