Biglari Holdings Inc.

Exchange: NYSE
Industry: Retail-Eating Places
SEC CIK: 0001726173

SEC filings (opens in a new tab)

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

Q2 2026 vs. Q1 2026

How the institutions holding Biglari Holdings Inc. changed between Q1 2026 and Q2 2026.

All holders in Q2 2026 All holders in Q1 2026

13F holders of BH: Q1 2026 compared with Q2 2026
Measure	Q1 2026	Of which not filed for Q2 2026	Q2 2026	Change
Holders	116	2	113	−1
Shares	2.04M	854	2.00M	−46.9K (−2.3%)
Value	$652.9M	$281.5K	$850.5M	+$197.8M (+30.3%)

2 institutions that held it in Q1 2026 haven't filed for Q2 2026 yet. Not filing isn't selling, so the changes leave them out.

New holders (23)

Institutions that held Biglari Holdings Inc. at the end of Q2 2026 but not at the end of Q1 2026.

Institutions new to BH in Q2 2026
Institution	Shares	Value	% of portfolio
HRT Financial LP	6,481	$2.76M	0.01%
Susquehanna International Group, LLP	2,982	$1.27M	0.00%
Citadel Advisors LLC	2,980	$1.27M	0.00%
Engineers Gate Manager LP	1,920	$818.0K	0.01%
Jump Financial, LLC	1,640	$698.7K	0.01%
Centiva Capital, LP	1,570	$668.9K	0.02%
Lotus Technology Management, LP	1,534	$653.5K	0.81%
State of Wisconsin Investment Board	1,487	$633.5K	0.00%
Inceptionr LLC	1,048	$446.5K	0.11%
Dynamic Technology Lab Private Ltd	921	$392.0K	0.09%
Susquehanna Portfolio Strategies, LLC	853	$363.4K	0.01%
Squarepoint Ops LLC	663	$282.5K	0.00%
Canada Pension Plan Investment Board	560	$238.6K	0.00%
Price T Rowe Associates Inc	482	$206.0K	0.00%
Signaturefd, LLC	74	$31.5K	0.00%
Sims Investment Management, LLC	50	$21.3K	0.01%
Global Retirement Partners, LLC	31	$13.2K	0.00%
US Bancorp	12	$5.11K	0.00%
SRS Capital Advisors, Inc.	8	$3.41K	0.00%
Bellevue Asset Management, LLC	4	$1.70K	0.00%
Hughes Financial Services, LLC	4	$1.70K	0.00%
Essential Partners LLC	4	$1.70K	0.00%
Wealth Enhancement Trust Services, Inc.	1	$426	0.00%

Sold out (24)

Institutions that held Biglari Holdings Inc. at the end of Q1 2026 and filed for Q2 2026 without it.

Institutions that sold out of BH in Q2 2026
Institution	Shares, Q1 2026	Value, Q1 2026
Arrowstreet Capital, Limited Partnership	10,354	$3.41M
Tudor Investment Corp Et Al	9,700	$3.20M
Goldman Sachs Group Inc	9,353	$3.08M
Quadrature Capital Ltd	5,054	$1.67M
Dark Forest Capital Management LP	4,336	$1.43M
Swiss Life Asset Management Ltd	66,094	$1.20M
Logan Stone Capital, LLC	3,095	$1.02M
Voloridge Investment Management, LLC	2,686	$885.3K
EntryPoint Capital, LLC	2,449	$807.2K
Shay Capital LLC	1,915	$631.2K
Freestone Grove Partners LP	1,508	$497.0K
Swiss National Bank	1,440	$474.6K
Huntleigh Advisors, Inc.	1,401	$461.8K
Polymer Capital Management (US) LLC	988	$325.6K
CenterBook Partners LP	853	$281.1K
Brevan Howard Capital Management LP	795	$262.0K
Vanguard Asset Management, Ltd	487	$160.5K
Vanguard Investments Australia, Ltd.	312	$102.8K
Caitong International Asset Management Co., Ltd	186	$61.3K
KLP Kapitalforvaltning AS	160	$52.7K
Caitlin John, LLC	15	$4.94K
MAI Capital Management	5	$1.65K
True Wealth Design, LLC	1	$330
Basecamp Wealth Advisors LLC	1	$330

Not filed for Q2 2026 yet (2)

Institutions that held Biglari Holdings Inc. at the end of Q1 2026 and haven't filed a 13F for Q2 2026. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding BH in Q1 2026 that haven't filed for Q2 2026
Institution	Shares, Q1 2026	Value, Q1 2026
Skopos Labs, Inc.	700	$230.7K
CWM, LLC	154	$50.8K