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 2026
Institutional positions in Biglari Holdings Inc. as of Jun 30, 2026. 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
- 113
- −1 vs. Q1 2026
- Shares held
- 2.00M
- −46.9K (−2.3%) vs. Q1 2026
- Total value
- $850.5M
- +$197.8M (+30.3%) vs. Q1 2026
- New holders
- 23
- 34 more added
- Sold out
- 24
- 29 more reduced
2 institutions that held it in Q1 2026 haven't filed for Q2 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q1 2026: 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 2026
Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q1 2026.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Rothschild Investment LLC | 1 | $426 | 0.00% | 00.0% | Unchanged |
| SBI Securities Co., Ltd. | 1 | $426 | 0.00% | 00.0% | Unchanged |
| Wealth Enhancement Trust Services, Inc. | 1 | $426 | 0.00% | +1 | New |
| Salem Investment Counselors Inc | 1 | $427 | 0.00% | 00.0% | Unchanged |
| Smartleaf Asset Management LLC | 1 | $437 | 0.00% | 00.0% | Unchanged |
| Nisa Investment Advisors, LLC | 2 | $852 | 0.00% | 00.0% | Unchanged |
| IFP Advisors, Inc | 4 | $1.70K | 0.00% | 00.0% | Unchanged |
| Bellevue Asset Management, LLC | 4 | $1.70K | 0.00% | +4 | New |
| Hughes Financial Services, LLC | 4 | $1.70K | 0.00% | +4 | New |
| Essential Partners LLC | 4 | $1.70K | 0.00% | +4 | New |
| Country Trust Bank | 5 | $2.13K | 0.00% | 00.0% | Unchanged |
| Optiver Holding B.V. | 6 | $2.56K | 0.00% | 00.0% | Unchanged |
| GAMMA Investing LLC | 7 | $2.98K | 0.00% | −1−12.5% | Reduced |
| SRS Capital Advisors, Inc. | 8 | $3.41K | 0.00% | +8 | New |
| California State Teachers Retirement System | 9 | $3.83K | 0.00% | −28−75.7% | Reduced |
| Northwestern Mutual Wealth Management Co | 11 | $4.69K | 0.00% | 00.0% | Unchanged |
| EverSource Wealth Advisors, LLC | 12 | $5.11K | 0.00% | +1+9.1% | Added |
| US Bancorp | 12 | $5.11K | 0.00% | +12 | New |
| UBS Asset Management Americas Inc | 13 | $5.54K | 0.00% | −2,960−99.6% | Reduced |
| Advisor Group Holdings, Inc. | 13 | $5.54K | 0.00% | −449−97.2% | Reduced |
| Allworth Financial LP | 15 | $6.39K | 0.00% | +11+275.0% | Added |
| MPWM Advisory Solutions, LLC | 20 | $8.52K | 0.00% | 00.0% | Unchanged |
| Sterling Capital Management LLC | 24 | $10.2K | 0.00% | −9−27.3% | Reduced |
| North Star Investment Management Corp. | 26 | $11.1K | 0.00% | 00.0% | Unchanged |
| Farther Finance Advisors, LLC | 27 | $11.6K | 0.00% | −5−15.6% | Reduced |
| Parallel Advisors, LLC | 31 | $13.2K | 0.00% | +29+1,450.0% | Added |
| Global Retirement Partners, LLC | 31 | $13.2K | 0.00% | +31 | New |
| Hoey Investments, Inc | 39 | $16.6K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 46 | $19.6K | 0.00% | −26−36.1% | Reduced |
| Larson Financial Group LLC | 50 | $21.3K | 0.00% | 00.0% | Unchanged |
| Sims Investment Management, LLC | 50 | $21.3K | 0.01% | +50 | New |
| Ameritas Investment Partners, Inc. | 56 | $23.9K | 0.00% | 00.0% | Unchanged |
| Jones Financial Companies LLLP | 67 | $27.1K | 0.00% | −76−53.1% | Reduced |
| Fifth Third Bancorp | 70 | $29.8K | 0.00% | 00.0% | Unchanged |
| Signaturefd, LLC | 74 | $31.5K | 0.00% | +74 | New |
| Legal & General Group Plc | 79 | $33.7K | 0.00% | +14+21.5% | Added |
| Rockefeller Capital Management L.P. | 85 | $36.2K | 0.00% | 00.0% | Unchanged |
| Vanguard Global Advisers, LLC | 108 | $46.0K | 0.00% | −55−33.7% | Reduced |
| Royal Bank of Canada | 112 | $48.0K | 0.00% | +26+30.2% | Added |
| FMR LLC | 133 | $56.8K | 0.00% | −103−43.6% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 171 | $72.9K | 0.00% | 00.0% | Unchanged |
| BNP Paribas Arbitrage, SA | 226 | $96.3K | 0.00% | +64+39.5% | Added |
| SG Americas Securities, LLC | 306 | $130.0K | 0.00% | −1,211−79.8% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 315 | $134.2K | 0.00% | −10−3.1% | Reduced |
| Public Employees Retirement Association of Colorado | 320 | $136.0K | 0.00% | 00.0% | Unchanged |
| State of Alaska, Department of Revenue | 353 | $150.0K | 0.00% | 00.0% | Unchanged |
| Citigroup Inc | 378 | $161.0K | 0.00% | +63+20.0% | Added |
| Bartlett & Co. Wealth Management LLC | 392 | $167.0K | 0.00% | 00.0% | Unchanged |
| New York State Common Retirement Fund | 426 | $181.5K | 0.00% | 00.0% | Unchanged |
| Russell Investments Group, Ltd. | 428 | $182.3K | 0.00% | +325+315.5% | Added |
| MetLife Investment Management | 441 | $187.9K | 0.00% | 00.0% | Unchanged |
| Price T Rowe Associates Inc | 482 | $206.0K | 0.00% | +482 | New |
| Canada Pension Plan Investment Board | 560 | $238.6K | 0.00% | +560 | New |
| Wells Fargo & Company | 593 | $252.6K | 0.00% | +308+108.1% | Added |
| Squarepoint Ops LLC | 663 | $282.5K | 0.00% | +663 | New |
| Deutsche Bank AG | 672 | $286.3K | 0.00% | +253+60.4% | Added |
| Rhumbline Advisers | 853 | $363.4K | 0.00% | +1+0.1% | Added |
| Susquehanna Portfolio Strategies, LLC | 853 | $363.4K | 0.01% | +853 | New |
| Dynamic Technology Lab Private Ltd | 921 | $392.0K | 0.09% | +921 | New |
| Occudo Quantitative Strategies LP | 1,014 | $432.0K | 0.02% | +203+25.0% | Added |
| D. E. Shaw & Co., Inc. | 1,019 | $434.1K | 0.00% | −4,551−81.7% | Reduced |
| Inceptionr LLC | 1,048 | $446.5K | 0.11% | +1,048 | New |
| Martingale Asset Management L P | 1,101 | $469.1K | 0.01% | 00.0% | Unchanged |
| American Century Companies Inc | 1,116 | $475.4K | 0.00% | 00.0% | Unchanged |
| LPL Financial LLC | 1,130 | $481.4K | 0.00% | 00.0% | Unchanged |
| Jacobs Levy Equity Management, Inc | 1,451 | $618.2K | 0.00% | 00.0% | Unchanged |
| State of Wisconsin Investment Board | 1,487 | $633.5K | 0.00% | +1,487 | New |
| Alliancebernstein L.P. | 1,931 | $636.4K | 0.00% | +1,000+107.4% | Added |
| Lotus Technology Management, LP | 1,534 | $653.5K | 0.81% | +1,534 | New |
| Centiva Capital, LP | 1,570 | $668.9K | 0.02% | +1,570 | New |
| UBS Group AG | 1,617 | $688.9K | 0.00% | +16+1.0% | Added |
| Jump Financial, LLC | 1,640 | $698.7K | 0.01% | +1,640 | New |
| HSBC Holdings PLC | 1,626 | $702.2K | 0.00% | +103+6.8% | Added |
| Ritholtz Wealth Management | 1,672 | $712.3K | 0.01% | −839−33.4% | Reduced |
| Rathbone Brothers plc | 1,700 | $724.3K | 0.00% | 00.0% | Unchanged |
| Invesco Ltd. | 1,830 | $779.6K | 0.00% | −18,108−90.8% | Reduced |
| Engineers Gate Manager LP | 1,920 | $818.0K | 0.01% | +1,920 | New |
| Bank of New York Mellon Corp | 1,983 | $844.7K | 0.00% | +310+18.5% | Added |
| STRS Ohio | 2,000 | $852.1K | 0.00% | +100+5.3% | Added |
| Bank of America Corp | 2,039 | $868.7K | 0.00% | +752+58.4% | Added |
| O'Shaughnessy Asset Management, LLC | 2,408 | $1.03M | 0.00% | −1,702−41.4% | Reduced |
| Barclays PLC | 2,570 | $1.09M | 0.00% | +291+12.8% | Added |
| Bridgeway Capital Management, LLC | 2,625 | $1.12M | 0.02% | −2,360−47.3% | Reduced |
| Morgan Stanley | 2,739 | $1.17M | 0.00% | −547−16.6% | Reduced |
| Citadel Advisors LLC | 2,980 | $1.27M | 0.00% | +2,980 | New |
| Susquehanna International Group, LLP | 2,982 | $1.27M | 0.00% | +2,982 | New |
| Gsa Capital Partners LLP | 3,856 | $1.64M | 0.10% | +1,721+80.6% | Added |
| Y-Intercept (Hong Kong) Ltd | 4,055 | $1.73M | 0.03% | −205−4.8% | Reduced |
| Point72 Asset Management, L.P. | 4,189 | $1.78M | 0.00% | −1,035−19.8% | Reduced |
| Vanguard Fiduciary Trust Co | 4,326 | $1.84M | 0.00% | +54+1.3% | Added |
| XTX Topco Ltd | 4,495 | $1.92M | 0.02% | −6,110−57.6% | Reduced |
| Nuveen, LLC | 5,039 | $2.15M | 0.00% | +794+18.7% | Added |
| Pacer Advisors, Inc. | 5,829 | $2.48M | 0.01% | +483+9.0% | Added |
| Jane Street Group, LLC | 6,128 | $2.61M | 0.00% | −11,281−64.8% | Reduced |
| HRT Financial LP | 6,481 | $2.76M | 0.01% | +6,481 | New |
| Northern Trust Corp | 7,161 | $3.05M | 0.00% | +228+3.3% | Added |
| Vanguard Portfolio Management LLC | 7,344 | $3.13M | 0.00% | −254−3.3% | Reduced |
| Charles Schwab Investment Management Inc | 7,703 | $3.28M | 0.00% | +864+12.6% | Added |
| JPMorgan Chase & Co | 7,850 | $3.43M | 0.00% | −4,458−36.2% | Reduced |
| Qube Research & Technologies Ltd | 8,775 | $3.74M | 0.00% | −13,640−60.9% | Reduced |