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 |
|---|---|---|---|---|---|
| GAMMA Investing LLC | 7 | $2.98K | 0.00% | −1−12.5% | Reduced |
| Optiver Holding B.V. | 6 | $2.56K | 0.00% | 00.0% | Unchanged |
| Country Trust Bank | 5 | $2.13K | 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 |
| Nisa Investment Advisors, LLC | 2 | $852 | 0.00% | 00.0% | Unchanged |
| Smartleaf Asset Management LLC | 1 | $437 | 0.00% | 00.0% | Unchanged |
| Salem Investment Counselors Inc | 1 | $427 | 0.00% | 00.0% | Unchanged |
| 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 |
| Arrowstreet Capital, Limited Partnership | 0 | $0 | 0.00% | −10,354−100.0% | Sold out |
| Tudor Investment Corp Et Al | 0 | $0 | 0.00% | −9,700−100.0% | Sold out |
| Goldman Sachs Group Inc | 0 | $0 | 0.00% | −9,353−100.0% | Sold out |
| Quadrature Capital Ltd | 0 | $0 | 0.00% | −5,054−100.0% | Sold out |
| Dark Forest Capital Management LP | 0 | $0 | 0.00% | −4,336−100.0% | Sold out |
| Swiss Life Asset Management Ltd | 0 | $0 | 0.00% | −66,094−100.0% | Sold out |
| Logan Stone Capital, LLC | 0 | $0 | 0.00% | −3,095−100.0% | Sold out |
| Voloridge Investment Management, LLC | 0 | $0 | 0.00% | −2,686−100.0% | Sold out |
| EntryPoint Capital, LLC | 0 | $0 | 0.00% | −2,449−100.0% | Sold out |
| Shay Capital LLC | 0 | $0 | 0.00% | −1,915−100.0% | Sold out |
| Freestone Grove Partners LP | 0 | $0 | 0.00% | −1,508−100.0% | Sold out |
| Swiss National Bank | 0 | $0 | 0.00% | −1,440−100.0% | Sold out |
| Huntleigh Advisors, Inc. | 0 | $0 | 0.00% | −1,401−100.0% | Sold out |
| Polymer Capital Management (US) LLC | 0 | $0 | 0.00% | −988−100.0% | Sold out |
| CenterBook Partners LP | 0 | $0 | 0.00% | −853−100.0% | Sold out |
| Brevan Howard Capital Management LP | 0 | $0 | 0.00% | −795−100.0% | Sold out |
| Vanguard Asset Management, Ltd | 0 | $0 | 0.00% | −487−100.0% | Sold out |
| Vanguard Investments Australia, Ltd. | 0 | $0 | 0.00% | −312−100.0% | Sold out |
| Caitong International Asset Management Co., Ltd | 0 | $0 | 0.00% | −186−100.0% | Sold out |
| KLP Kapitalforvaltning AS | 0 | $0 | 0.00% | −160−100.0% | Sold out |
| Caitlin John, LLC | 0 | $0 | 0.00% | −15−100.0% | Sold out |
| MAI Capital Management | 0 | $0 | 0.00% | −5−100.0% | Sold out |
| True Wealth Design, LLC | 0 | $0 | 0.00% | −1−100.0% | Sold out |
| Basecamp Wealth Advisors LLC | 0 | $0 | 0.00% | −1−100.0% | Sold out |
| Skopos Labs, Inc. | – | – | – | – | Not filed |
| CWM, LLC | – | – | – | – | Not filed |