Biglari Holdings Inc. (BH) shareholders
BHNYSERetail-Eating PlacesFiscal year ends December 31Also trades as BH.A
$393.70+3.38 (+0.87%)
Close on Oct 30, 2026Market cap –P/E –Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
94.5%
2M of 2M shares
Institutional holders
114
24 new, 24 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
23 buys · 0 sales
Net bought $22.38M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Biglari, Sardar Joint filing with Biglari Capital Corp. (74.30%), Lion Fund, L.P. (61.90%) | 153,678 | 74.30% | 13D (active) amendment | Dec 17, 2024 |
| Sardar Biglari Joint filing with Biglari Capital Corp. (“BCC”) (73.20%), The Lion Fund, L.P. (the “Lion Fund”) (60.80%) | 151,364 | 73.20% | 13D (active) amendment | Nov 13, 2024 |
| GAMCO Asset Management Inc. | 11,875 | 5.70% | 13D (active) amendment | Oct 20, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BH | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Biglari Capital Corp. | 1,472,237 | 69.71% | $627.22M | +54,952 | 52.50% |
| Dimensional Fund Advisors LP | 106,257 | 5.03% | $45.27M | +4,010 | 0.01% |
| Two Sigma Investments, LP | 50,618 | 2.40% | $21.56M | +42,023 | 0.02% |
| BlackRock, Inc. | 46,135 | 2.18% | $19.65M | +1,089 | 0.00% |
| Marshall Wace, Llp | 31,016 | 1.47% | $13.21M | −1,191 | 0.01% |
| Renaissance Technologies LLC | 28,627 | 1.36% | $12.20M | +6,885 | 0.02% |
| Vanguard Capital Management LLC | 28,185 | 1.33% | $12.01M | −1,570 | 0.00% |
| Millennium Management LLC | 26,774 | 1.27% | $11.41M | +9,432 | 0.00% |
| Geode Capital Management, LLC | 14,922 | 0.71% | $6.36M | +1,088 | 0.00% |
| Trexquant Investment LP | 14,559 | 0.69% | $6.20M | −7,151 | 0.04% |
| State Street Corp | 12,806 | 0.61% | $5.46M | −1,137 | 0.00% |
| Connor, Clark & Lunn Investment Management Ltd. | 12,309 | 0.58% | $5.24M | +970 | 0.01% |
| Aqr Capital Management LLC | 9,490 | 0.45% | $4.04M | +3,556 | 0.00% |
| Qube Research & Technologies Ltd | 8,775 | 0.42% | $3.74M | −13,640 | 0.00% |
| JPMorgan Chase & Co | 7,850 | 0.37% | $3.43M | −4,458 | 0.00% |
| Charles Schwab Investment Management Inc | 7,703 | 0.36% | $3.28M | +864 | 0.00% |
| Vanguard Portfolio Management LLC | 7,344 | 0.35% | $3.13M | −254 | 0.00% |
| Northern Trust Corp | 7,161 | 0.34% | $3.05M | +228 | 0.00% |
| Hrt Financial LP | 6,481 | 0.31% | $2.76M | New | 0.00% |
| Jane Street Group, LLC | 6,128 | 0.29% | $2.61M | −11,281 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 114 | 2M | 94.5% | 24 / 34 | 30 / 24 | 0M | 0M |
| Q1 2026 | 116 | 2M | 96.9% | 30 / 30 | 31 / 16 | 0M | 0M |
| Q4 2025 | 106 | 2M | 91.6% | 21 / 32 | 31 / 11 | 0M | 0M |
| Q3 2025 | 97 | 2M | 91.2% | 18 / 30 | 24 / 12 | 0M | 0M |
| Q2 2025 | 91 | 2M | 86.6% | 23 / 23 | 24 / 7 | 0M | 0M |
| Q1 2025 | 75 | 2M | 85.1% | 13 / 24 | 19 / 11 | 0M | 0M |
| Q4 2024 | 75 | 2M | 84.6% | 14 / 26 | 14 / 8 | 0M | 0M |
| Q3 2024 | 69 | 2M | 80.7% | 8 / 22 | 14 / 10 | 0M | 0M |
| Q2 2024 | 72 | 2M | 80.5% | 10 / 24 | 13 / 6 | 0M | 0M |
| Q1 2024 | 68 | 2M | 80.9% | 5 / 21 | 21 / 5 | 0M | 0M |
| Q4 2023 | 68 | 2M | 80.1% | 6 / 29 | 12 / 5 | 0M | 0M |
| Q3 2023 | 67 | 2M | 78.7% | 6 / 20 | 23 / 10 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
137 funds held BH in Q2 2026, 57% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of BH | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 20,257 | 0.96% | $8.63M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 18,829 | 0.89% | $8.02M | 0.01% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 15,476 | 0.73% | $6.15M | 0.04% | Jul 31, 2026 |
| U.S. Small Cap Value Portfolio | 14,456 | 0.68% | $5.75M | 0.03% | Jul 31, 2026 |
| Dimensional U.S. Targeted Value ETF | 11,764 | 0.56% | $4.68M | 0.03% | Jul 31, 2026 |
| U.S. Small Cap Portfolio | 11,213 | 0.53% | $4.46M | 0.02% | Jul 31, 2026 |
| U.S. Micro Cap Portfolio | 7,926 | 0.38% | $3.15M | 0.04% | Jul 31, 2026 |
| Dimensional US Small Cap Value ETF | 7,760 | 0.37% | $3.08M | 0.04% | Jul 31, 2026 |
| Dimensional U.S. Small Cap ETF | 7,281 | 0.34% | $2.89M | 0.02% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 7,132 | 0.34% | $3.04M | 0.00% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 6,944 | 0.33% | $2.76M | 0.01% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 6,526 | 0.31% | $2.78M | 0.02% | Jun 30, 2026 |
| Pacer US Small Cap Cash Cows 100 ETF | 5,761 | 0.27% | $2.29M | 0.06% | Jul 31, 2026 |
| Dimensional U.S. Core Equity 2 ETF | 4,952 | 0.23% | $1.97M | 0.00% | Jul 31, 2026 |
| Schwab U.S. Small-Cap ETF | 4,427 | 0.21% | $1.29M | 0.01% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Biglari, Sardar | Chairman and CEO, Director, 10% owner | 1,571,761 | 74.42% | Jun 5, 2026 |
| Capital Corp. Biglari | 10% owner | 1,626,713 | 77.02% | Jun 5, 2026 |
| Lion Fund, L.P. | 10% owner | 1,624,435 | 76.91% | Jun 5, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Capital Corp. Biglari 10% owner | Jun 5, 2026 | Buy | +535 | $297.14 | $158.97K | 1,400,382 |
| Capital Corp. Biglari 10% owner | Jun 4, 2026 | Buy | +1,743 | $286.76 | $499.82K | 1,399,847 |
| Lion Fund, L.P. 10% owner | May 14, 2026 | Buy | +14,351 | $258.06 | $3.70M | 1,398,104 |
| Lion Fund, L.P. 10% owner | May 13, 2026 | Buy | +15,358 | $260.36 | $4.00M | 1,383,753 |
| Lion Fund, L.P. 10% owner | May 12, 2026 | Buy | +22,965 | $249.84 | $5.74M | 1,368,395 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Mar 13, 2026 | Buy | +2,810 | $302.20 | $849.18K | 1,345,430 |
| Lion Fund, L.P. 10% owner | Mar 9, 2026 | Buy | +3,320 | $301.06 | $999.52K | 1,342,620 |
| Lion Fund, L.P. 10% owner | Mar 6, 2026 | Buy | +2,441 | $307.20 | $749.88K | 1,339,300 |
| Capital Corp. Biglari 10% owner | Mar 3, 2026 | Buy | +1,146 | $331.15 | $379.50K | 1,336,859 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Dec 17, 2025 | Buy | +3,084 | $323.71 | $998.32K | 1,335,713 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Dec 17, 2025 | Buy | +368 | $1633.52 | $601.14K | 128,812 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Dec 16, 2025 | Buy | +156 | $1599.87 | $249.58K | 128,444 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Dec 15, 2025 | Buy | +60 | $1635.37 | $98.12K | 128,288 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Dec 15, 2025 | Buy | +152 | $328.00 | $49.86K | 1,332,629 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Dec 12, 2025 | Buy | +449 | $333.14 | $149.58K | 1,332,477 |
| Lion Fund, L.P. 10% owner | Dec 10, 2025 | Buy | +310 | $321.94 | $99.80K | 1,332,028 |
| Lion Fund, L.P. 10% owner | Dec 9, 2025 | Buy | +938 | $319.08 | $299.30K | 1,331,718 |
| Lion Fund, L.P. 10% owner | Dec 8, 2025 | Buy | +973 | $315.08 | $306.57K | 1,330,780 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Dec 5, 2025 | Buy | +1,465 | $306.90 | $449.61K | 1,329,807 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Dec 4, 2025 | Buy | +1,139 | $306.05 | $348.59K | 1,328,342 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Dec 3, 2025 | Buy | +2,802 | $303.32 | $849.90K | 1,327,203 |
| Lion Fund, L.P. 10% owner | Nov 24, 2025 | Buy | +1,819 | $274.74 | $499.75K | 1,324,401 |
| Lion Fund, L.P. 10% owner | Nov 24, 2025 | Buy | +213 | $1406.27 | $299.54K | 128,228 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Dec 17, 2024 | Buy | +2,589 | $249.55 | $646.08K | 1,322,582 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Dec 17, 2024 | Buy | +682 | $1250.34 | $852.73K | 128,015 |
| Capital Corp. Biglari 10% owner | Dec 16, 2024 | Buy | +114 | $1186.32 | $135.24K | 127,333 |
| Capital Corp. Biglari 10% owner | Dec 16, 2024 | Buy | +703 | $234.12 | $164.59K | 1,319,993 |
| Capital Corp. Biglari 10% owner | Dec 13, 2024 | Buy | +128 | $234.98 | $30.08K | 1,319,290 |
| Capital Corp. Biglari 10% owner | Dec 13, 2024 | Buy | +17 | $1160.00 | $19.72K | 127,219 |
| Capital Corp. Biglari 10% owner | Dec 12, 2024 | Buy | +277 | $1174.06 | $325.21K | 127,202 |
| Capital Corp. Biglari 10% owner | Dec 12, 2024 | Buy | +239 | $234.13 | $55.96K | 1,319,162 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Dec 5, 2024 | Buy | +2,167 | $228.47 | $495.09K | 1,318,923 |
| Capital Corp. Biglari 10% owner | Dec 4, 2024 | Buy | +444 | $223.85 | $99.39K | 1,316,756 |
| Capital Corp. Biglari 10% owner | Dec 3, 2024 | Buy | +274 | $1108.95 | $303.85K | 126,925 |
| Capital Corp. Biglari 10% owner | Dec 3, 2024 | Buy | +2,667 | $223.47 | $595.99K | 1,316,312 |
| Capital Corp. Biglari 10% owner | Dec 2, 2024 | Buy | +1,591 | $217.16 | $345.50K | 1,313,645 |
| Capital Corp. Biglari 10% owner | Dec 2, 2024 | Buy | +144 | $1078.01 | $155.23K | 126,651 |
| Capital Corp. Biglari 10% owner | Nov 27, 2024 | Buy | +2,095 | $212.54 | $445.27K | 1,312,054 |
| Capital Corp. Biglari 10% owner | Nov 27, 2024 | Buy | +327 | $1068.21 | $349.30K | 126,507 |
| Capital Corp. Biglari 10% owner | Nov 26, 2024 | Buy | +798 | $206.95 | $165.15K | 1,309,959 |
| Capital Corp. Biglari 10% owner | Nov 26, 2024 | Buy | +130 | $1030.10 | $133.91K | 126,180 |
| Capital Corp. Biglari 10% owner | Nov 22, 2024 | Buy | +384 | $207.95 | $79.85K | 1,309,161 |
| Capital Corp. Biglari 10% owner | Nov 21, 2024 | Buy | +1,186 | $207.46 | $246.05K | 1,308,777 |
| Capital Corp. Biglari 10% owner | Nov 20, 2024 | Buy | +856 | $210.00 | $179.76K | 1,307,591 |
| Capital Corp. Biglari 10% owner | Nov 20, 2024 | Buy | +1 | $1030.00 | $1.03K | 126,050 |
| Lion Fund, L.P. 10% owner | Nov 19, 2024 | Buy | +151 | $1045.10 | $157.81K | 126,049 |
| Lion Fund, L.P. 10% owner | Nov 19, 2024 | Buy | +3,965 | $209.77 | $831.74K | 1,306,735 |
| Lion Fund, L.P. 10% owner | Nov 18, 2024 | Buy | +197 | $1049.29 | $206.71K | 125,898 |
| Lion Fund, L.P. 10% owner | Nov 18, 2024 | Buy | +4,948 | $208.78 | $1.03M | 1,302,770 |
| Lion Fund, L.P. 10% owner | Nov 15, 2024 | Buy | +782 | $1049.52 | $820.72K | 125,701 |
| Lion Fund, L.P. 10% owner | Nov 15, 2024 | Buy | +5,152 | $209.97 | $1.08M | 1,297,822 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Nov 14, 2024 | Buy | +3,992 | $210.13 | $838.84K | 1,292,670 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Nov 14, 2024 | Buy | +671 | $1032.57 | $692.85K | 124,919 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Nov 13, 2024 | Buy | +6,928 | $199.00 | $1.38M | 1,288,678 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Nov 13, 2024 | Buy | +1,630 | $997.72 | $1.63M | 124,248 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Nov 12, 2024 | Buy | +4,534 | $181.34 | $822.20K | 1,281,750 |
| Biglari, Sardar Chairman and CEO, Director, 10% owner | Nov 12, 2024 | Buy | +460 | $897.76 | $412.97K | 122,618 |
| Capital Corp. Biglari 10% owner | Mar 15, 2024 | Buy | +3,873 | $192.37 | $745.05K | 1,277,216 |
| Capital Corp. Biglari 10% owner | Mar 15, 2024 | Buy | +157 | $984.30 | $154.54K | 122,158 |
| Capital Corp. Biglari 10% owner | Mar 13, 2024 | Buy | +69 | $976.62 | $67.39K | 122,001 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 15, 2026 (FINRA, reported twice a month)
Short % of shares outstanding
–
0M shares short
Days to cover
2.2
At 0M shares a day
Change since last report
+11.3%
From 0M shares
Short volume, 20 days
62.5%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Biglari's stock actually held short. Settlement fails (shares not delivered on time) peaked at 1,424 shares on Sep 15, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Biglari Holdings Inc. 10% Stockholder | Oct 16, 2026 | 380,990 | $6.22M | Oct 16, 2026 | Open Market Purchases |
| Biglari Holdings Inc. 10% Stockholder | Jul 29, 2026 | 489,247 | $7.98M | Jul 29, 2026 | Open Market Purchases |