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
Q4 2025 vs. Q3 2025
How the institutions holding Biglari Holdings Inc. changed between Q3 2025 and Q4 2025.
All holders in Q4 2025All holders in Q3 2025
| Measure | Q3 2025 | Of which not filed for Q4 2025 | Q4 2025 | Change |
|---|---|---|---|---|
| Holders | 97 | 1 | 106 | +10 |
| Shares | 1.89M | 2.69K | 1.93M | +40.5K (+2.1%) |
| Value | $612.7M | $870.5K | $642.0M | +$30.1M (+4.9%) |
1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so the changes leave them out.
New holders (21)
Institutions that held Biglari Holdings Inc. at the end of Q4 2025 but not at the end of Q3 2025.
| Institution | Shares | Value | % of portfolio |
|---|---|---|---|
| Millennium Management LLC | 10,548 | $3.51M | 0.00% |
| Citadel Advisors LLC | 8,671 | $2.88M | 0.00% |
| Trexquant Investment LP | 7,953 | $2.64M | 0.02% |
| Susquehanna International Group, LLP | 2,321 | $771.6K | 0.00% |
| Caxton Associates LLP | 2,126 | $706.7K | 0.01% |
| Susquehanna Portfolio Strategies, LLC | 1,647 | $547.5K | 0.01% |
| Logan Stone Capital, LLC | 1,620 | $538.5K | 0.13% |
| Quadrature Capital Ltd | 1,593 | $529.6K | 0.01% |
| HSBC Holdings PLC | 1,501 | $498.2K | 0.00% |
| Skopos Labs, Inc. | 1,180 | $413.9K | 0.02% |
| Saber Capital Managment, LLC | 1,215 | $403.9K | 0.34% |
| Polymer Capital Management (US) LLC | 1,171 | $389.3K | 0.05% |
| Inceptionr LLC | 1,061 | $352.7K | 0.10% |
| Shay Capital LLC | 750 | $249.3K | 0.04% |
| EntryPoint Capital, LLC | 741 | $246.3K | 0.10% |
| Marshall Wace, LLP | 704 | $234.0K | 0.00% |
| Schonfeld Strategic Advisors LLC | 684 | $227.4K | 0.00% |
| Squarepoint Ops LLC | 643 | $213.8K | 0.00% |
| Farther Finance Advisors, LLC | 59 | $19.6K | 0.00% |
| Rockefeller Capital Management L.P. | 17 | $5.65K | 0.00% |
| Rothschild Investment LLC | 1 | $332 | 0.00% |
Sold out (11)
Institutions that held Biglari Holdings Inc. at the end of Q3 2025 and filed for Q4 2025 without it.
| Institution | Shares, Q3 2025 | Value, Q3 2025 |
|---|---|---|
| Jump Financial, LLC | 2,980 | $964.5K |
| Semanteon Capital Management, LP | 1,747 | $565.4K |
| HRT Financial LP | 1,174 | $379.0K |
| Two Sigma Advisers, LP | 1,000 | $323.6K |
| Engineers Gate Manager LP | 724 | $234.3K |
| Dynamic Technology Lab Private Ltd | 636 | $206.0K |
| Meeder Asset Management Inc | 106 | $34.3K |
| SRS Capital Advisors, Inc. | 28 | $9.06K |
| Clearstead Advisors, LLC | 1 | $324 |
| Salem Investment Counselors Inc | 1 | $324 |
| Essential Partners LLC | 1 | $324 |
Not filed for Q4 2025 yet (1)
Institutions that held Biglari Holdings Inc. at the end of Q3 2025 and haven't filed a 13F for Q4 2025. Not filing isn't selling, so they aren't counted as sold out.
| Institution | Shares, Q3 2025 | Value, Q3 2025 |
|---|---|---|
| Cubist Systematic Strategies, LLC | 2,690 | $870.5K |