Biglari Holdings Inc. - BH-A
Detailed investor-level table based on 13F positions.
Early Q1 2026 data: only 13 institutional holders reported so far. The full shareholder list will grow as more funds file with the SEC.
Methodology:
Market value and % of portfolio use SEC reported VALUE ($000).
For PUT/CALL positions this reflects reported underlying exposure, not premium cash paid/received.
Details.
Rows: 0
| Investor | History | Status | Shares held | Market value ($000) | % of portfolio | Previous % | Rank | Change in shares | % change in shares | Source | Date reported |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BIGLARI CAPITAL CORP. | History | Added to | 1,562,042 | 736,711 | 78.99% | 75.42% | 1 | +13,928 | 0.9% | Q4 2025 | Feb 17, 2026 |
| DIMENSIONAL FUND ADVISORS LP | History | Added to | 108,046 | 44,162 | 0.01% | 0.01% | 2 | +1,423 | 1.33% | Q4 2025 | Feb 12, 2026 |
| GAMCO INVESTORS, INC. ET AL | History | Reduced | 11,857 | 20,631 | 0.2% | 0.18% | 3 | -293 | -2.41% | Q4 2025 | Feb 05, 2026 |
| BlackRock, Inc. | History | Reduced | 51,422 | 19,316 | 0.0% | 0.0% | 4 | -4,047 | -7.3% | Q4 2025 | Feb 12, 2026 |
| VANGUARD GROUP INC | History | Added to | 42,425 | 17,613 | 0.0% | 0.0% | 5 | +1,356 | 3.3% | Q4 2025 | Jan 29, 2026 |
| RENAISSANCE TECHNOLOGIES LLC | History | Reduced | 15,200 | 11,007 | 0.02% | 0.01% | 6 | -3,694 | -19.55% | Q4 2025 | Feb 12, 2026 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | History | Added to | 25,931 | 9,863 | 0.01% | 0.0% | 7 | +11,240 | 76.51% | Q4 2025 | Feb 13, 2026 |
| Invesco Ltd. | History | Reduced | 24,013 | 7,982 | 0.0% | 0.0% | 8 | -16,430 | -40.63% | Q4 2025 | Feb 19, 2026 |
| Qube Research & Technologies Ltd | History | Added to | 20,403 | 6,799 | 0.01% | 0.0% | 9 | +14,870 | 268.75% | Q4 2025 | Feb 17, 2026 |
| GEODE CAPITAL MANAGEMENT, LLC | History | Added to | 15,492 | 6,362 | 0.0% | 0.0% | 10 | +149 | 0.97% | Q4 2025 | Feb 09, 2026 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | History | Added to | 17,676 | 5,876 | 0.12% | 0.12% | 11 | +732 | 4.32% | Q4 2025 | Feb 17, 2026 |
| Trexquant Investment LP | History | Added to | 9,805 | 5,866 | 0.05% | 0.01% | 12 | +9,098 | 1286.85% | Q4 2025 | Feb 17, 2026 |
| JPMORGAN CHASE & CO | History | Reduced | 16,319 | 5,779 | 0.0% | 0.0% | 13 | -16,337 | -50.03% | Q4 2025 | Feb 11, 2026 |
| STATE STREET CORP | History | Reduced | 13,934 | 5,715 | 0.0% | 0.0% | 14 | -2,528 | -15.36% | Q4 2025 | Feb 13, 2026 |
| Point72 Asset Management, L.P. | History | Added to | 11,152 | 4,357 | 0.0% | 0.0% | 15 | +9,690 | 662.79% | Q4 2025 | Feb 17, 2026 |
| CHECK CAPITAL MANAGEMENT INC/CA | History | Reduced | 3,540 | 4,273 | 0.12% | 0.13% | 16 | -12 | -0.34% | Q4 2025 | Feb 06, 2026 |
| MILLENNIUM MANAGEMENT LLC | History | Added to | 10,956 | 4,216 | 0.0% | 0.0% | 17 | +10,797 | 6790.57% | Q4 2025 | Feb 17, 2026 |
| Peapod Lane Capital LLC | History | Added to | 12,399 | 4,121 | 3.51% | 3.56% | 18 | +90 | 0.73% | Q4 2025 | Jan 28, 2026 |
| GOLDMAN SACHS GROUP INC | History | Added to | 9,736 | 4,029 | 0.0% | 0.0% | 19 | +5,440 | 126.63% | Q4 2025 | Mar 25, 2026 |
| Empowered Funds, LLC | History | Added to | 11,607 | 3,858 | 0.07% | 0.04% | 20 | +863 | 8.03% | Q4 2025 | Feb 18, 2026 |
| CITADEL ADVISORS LLC | History | Added to | 9,179 | 3,766 | 0.0% | 0.0% | 21 | +8,415 | 1101.44% | Q4 2025 | Feb 17, 2026 |
| Connor, Clark & Lunn Investment Management Ltd. | History | Reduced | 11,022 | 3,664 | 0.01% | 0.01% | 22 | -6 | -0.05% | Q4 2025 | Feb 10, 2026 |
| GABELLI FUNDS LLC | History | New | 1,560 | 2,714 | 0.02% | — | 23 | +1,560 | New | Q4 2025 | Feb 05, 2026 |
| TWO SIGMA INVESTMENTS, LP | History | Reduced | 7,654 | 2,544 | 0.0% | 0.01% | 24 | -3,909 | -33.81% | Q4 2025 | Feb 17, 2026 |
| NORTHERN TRUST CORP | History | Reduced | 6,750 | 2,442 | 0.0% | 0.0% | 25 | -379 | -5.32% | Q4 2025 | Feb 17, 2026 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | History | Reduced | 7,027 | 2,335 | 0.0% | 0.0% | 26 | -184 | -2.55% | Q4 2025 | Feb 13, 2026 |
| MORGAN STANLEY | History | Reduced | 6,143 | 2,242 | 0.0% | 0.0% | 27 | -8,548 | -58.19% | Q4 2025 | Feb 13, 2026 |
| Pacer Advisors, Inc. | History | Reduced | 6,099 | 2,027 | 0.01% | 0.01% | 28 | -371 | -5.73% | Q4 2025 | Feb 24, 2026 |
| AQR CAPITAL MANAGEMENT LLC | History | Added to | 5,862 | 1,948 | 0.0% | 0.0% | 29 | +2,683 | 84.4% | Q4 2025 | Feb 17, 2026 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | History | Reduced | 5,245 | 1,743 | 0.01% | 0.01% | 30 | -858 | -14.06% | Q4 2025 | Feb 11, 2026 |
| UBS Group AG | History | Reduced | 3,988 | 1,418 | 0.0% | 0.0% | 31 | -21 | -0.52% | Q4 2025 | Jan 29, 2026 |
| MARSHALL WACE, LLP | History | Added to | 1,381 | 1,412 | 0.0% | 0.0% | 32 | +723 | 109.88% | Q4 2025 | Feb 13, 2026 |
| RITHOLTZ WEALTH MANAGEMENT | History | Reduced | 3,497 | 1,162 | 0.02% | 0.02% | 33 | -160 | -4.38% | Q4 2025 | Jan 23, 2026 |
| Nuveen, LLC | History | Reduced | 3,374 | 1,121 | 0.0% | 0.0% | 34 | -303 | -8.24% | Q4 2025 | Feb 12, 2026 |
| LOS ANGELES CAPITAL MANAGEMENT LLC | History | Reduced | 2,532 | 916 | 0.0% | 0.0% | 35 | -16 | -0.63% | Q4 2025 | Feb 11, 2026 |
| OMERS ADMINISTRATION Corp | History | Added to | 500 | 870 | 0.01% | 0.0% | 36 | +300 | 150.0% | Q4 2025 | Feb 13, 2026 |
| OCCUDO QUANTITATIVE STRATEGIES LP | History | Added to | 2,381 | 791 | 0.05% | 0.04% | 37 | +1,370 | 135.51% | Q4 2025 | Feb 17, 2026 |
| STATE OF WISCONSIN INVESTMENT BOARD | History | Added to | 2,366 | 786 | 0.0% | 0.0% | 38 | +778 | 48.99% | Q4 2025 | Feb 17, 2026 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | History | New | 2,321 | 771 | 0.0% | — | 39 | +2,321 | New | Q4 2025 | Feb 17, 2026 |
| Rathbones Group PLC | History | No change | 2,300 | 764 | 0.0% | 0.0% | 40 | 0 | 0.0% | Q4 2025 | Feb 06, 2026 |
| CAXTON ASSOCIATES LLP | History | New | 2,126 | 706 | 0.01% | — | 41 | +2,126 | New | Q4 2025 | Feb 13, 2026 |
| JANE STREET GROUP, LLC | History | New | 401 | 697 | 0.0% | — | 42 | +401 | New | Q4 2025 | Feb 12, 2026 |
| LPL Financial LLC | History | Added to | 2,052 | 682 | 0.0% | 0.0% | 43 | +138 | 7.21% | Q4 2025 | Feb 11, 2026 |
| BALYASNY ASSET MANAGEMENT L.P. | History | Added to | 1,002 | 654 | 0.0% | 0.0% | 44 | +221 | 28.3% | Q4 2025 | Feb 17, 2026 |
| STRS OHIO | History | No change | 1,800 | 598 | 0.0% | 0.0% | 45 | 0 | 0.0% | Q4 2025 | Feb 02, 2026 |
| Bank of New York Mellon Corp | History | Reduced | 1,784 | 592 | 0.0% | 0.0% | 46 | -145 | -7.52% | Q4 2025 | Feb 10, 2026 |
| Susquehanna Portfolio Strategies, LLC | History | New | 1,647 | 547 | 0.01% | — | 47 | +1,647 | New | Q4 2025 | Feb 17, 2026 |
| Logan Stone Capital, LLC | History | New | 1,620 | 538 | 0.13% | — | 48 | +1,620 | New | Q4 2025 | Feb 17, 2026 |
| Quadrature Capital Ltd | History | Added to | 1,593 | 529 | 0.01% | 0.01% | 49 | +1,033 | 184.46% | Q4 2025 | Feb 17, 2026 |
| HSBC HOLDINGS PLC | History | New | 1,501 | 498 | 0.0% | — | 50 | +1,501 | New | Q4 2025 | Mar 20, 2026 |
| ALLIANCEBERNSTEIN L.P. | History | No change | 1,501 | 498 | 0.0% | 0.0% | 51 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| JACOBS LEVY EQUITY MANAGEMENT, INC | History | New | 1,451 | 482 | 0.0% | — | 52 | +1,451 | New | Q4 2025 | Feb 13, 2026 |
| BARCLAYS PLC | History | Reduced | 1,385 | 460 | 0.0% | 0.0% | 53 | -767 | -35.64% | Q4 2025 | Feb 13, 2026 |
| HRT FINANCIAL LP | History | Reduced | 260 | 452 | 0.0% | 0.0% | 54 | -1,544 | -85.59% | Q4 2025 | Feb 12, 2026 |
| GSA CAPITAL PARTNERS LLP | History | Reduced | 1,342 | 446 | 0.04% | 0.06% | 55 | -958 | -41.65% | Q4 2025 | Feb 06, 2026 |
| Aquatic Capital Management LLC | History | New | 248 | 431 | 0.01% | — | 56 | +248 | New | Q4 2025 | Feb 17, 2026 |
| Brooklyn Investment Group | History | New | 1,180 | 413 | 0.02% | — | 57 | +1,180 | New | Q4 2025 | Feb 12, 2026 |
| Saber Capital Managment, LLC | History | New | 1,215 | 403 | 0.34% | — | 58 | +1,215 | New | Q4 2025 | Feb 13, 2026 |
| CITIGROUP INC | History | Added to | 1,165 | 392 | 0.0% | 0.0% | 59 | +98 | 9.18% | Q4 2025 | Feb 13, 2026 |
| Polymer Capital Management (US) LLC | History | New | 1,171 | 389 | 0.04% | — | 60 | +1,171 | New | Q4 2025 | Feb 17, 2026 |
| AMERICAN CENTURY COMPANIES INC | History | No change | 1,116 | 370 | 0.0% | 0.0% | 61 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| MARTINGALE ASSET MANAGEMENT L P | History | Reduced | 1,101 | 366 | 0.01% | 0.02% | 62 | -1,051 | -48.84% | Q4 2025 | Feb 13, 2026 |
| Caitong International Asset Management Co., Ltd | History | Added to | 544 | 363 | 0.09% | 0.05% | 63 | +464 | 580.0% | Q4 2025 | Mar 03, 2026 |
| INCEPTIONR LLC | History | New | 1,061 | 352 | 0.1% | — | 64 | +1,061 | New | Q4 2025 | Feb 11, 2026 |
| AlphaQuest LLC | History | Added to | 961 | 319 | 0.02% | 0.0% | 65 | +867 | 922.34% | Q4 2025 | Feb 09, 2026 |
| RHUMBLINE ADVISERS | History | Reduced | 850 | 282 | 0.0% | 0.0% | 66 | -171 | -16.75% | Q4 2025 | Feb 13, 2026 |
| BANK OF AMERICA CORP /DE/ | History | Added to | 748 | 273 | 0.0% | 0.0% | 67 | +252 | 50.81% | Q4 2025 | Feb 17, 2026 |
| WELLS FARGO & COMPANY/MN | History | Added to | 785 | 260 | 0.0% | 0.0% | 68 | +68 | 9.48% | Q4 2025 | Feb 13, 2026 |
| Shay Capital LLC | History | New | 750 | 249 | 0.03% | — | 69 | +750 | New | Q4 2025 | Feb 17, 2026 |
| EntryPoint Capital, LLC | History | New | 741 | 246 | 0.1% | — | 70 | +741 | New | Q4 2025 | Feb 12, 2026 |
| Schonfeld Strategic Advisors LLC | History | New | 684 | 227 | 0.0% | — | 71 | +684 | New | Q4 2025 | Feb 17, 2026 |
| Squarepoint Ops LLC | History | New | 643 | 213 | 0.0% | — | 72 | +643 | New | Q4 2025 | Feb 13, 2026 |
| FMR LLC | History | Added to | 392 | 172 | 0.0% | 0.0% | 73 | +203 | 107.41% | Q4 2025 | Feb 17, 2026 |
| BARTLETT & CO. WEALTH MANAGEMENT LLC | History | No change | 503 | 167 | 0.0% | 0.0% | 74 | 0 | 0.0% | Q4 2025 | Jan 22, 2026 |
| MetLife Investment Management, LLC | History | Reduced | 441 | 146 | 0.0% | 0.0% | 75 | -18 | -3.92% | Q4 2025 | Feb 12, 2026 |
| NEW YORK STATE COMMON RETIREMENT FUND | History | Reduced | 426 | 141 | 0.0% | 0.0% | 76 | -100 | -19.01% | Q4 2025 | Feb 12, 2026 |
| DEUTSCHE BANK AG\ | History | Added to | 419 | 139 | 0.0% | 0.0% | 77 | +55 | 15.11% | Q4 2025 | Feb 11, 2026 |
| State of Alaska, Department of Revenue | History | Added to | 353 | 117 | 0.0% | 0.0% | 78 | +193 | 120.63% | Q4 2025 | Jan 23, 2026 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | History | Added to | 325 | 108 | 0.0% | 0.0% | 79 | +12 | 3.83% | Q4 2025 | Feb 17, 2026 |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO | History | No change | 320 | 106 | 0.0% | 0.0% | 80 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| Police & Firemen's Retirement System of New Jersey | History | No change | 171 | 56 | 0.0% | 0.0% | 81 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| ROYAL BANK OF CANADA | History | New | 146 | 54 | 0.0% | — | 82 | +146 | New | Q4 2025 | Feb 17, 2026 |
| BNP PARIBAS FINANCIAL MARKETS | History | Added to | 158 | 52 | 0.0% | 0.0% | 83 | +20 | 14.49% | Q4 2025 | Feb 10, 2026 |
| Quantbot Technologies LP | History | Reduced | 28 | 48 | 0.0% | 0.02% | 84 | -559 | -95.23% | Q4 2025 | Feb 10, 2026 |
| CWM, LLC | History | Added to | 141 | 47 | 0.0% | 0.0% | 85 | +44 | 45.36% | Q4 2025 | Jan 26, 2026 |
| COMERICA BANK | History | No change | 77 | 35 | 0.0% | 0.0% | 86 | 0 | 0.0% | Q4 2025 | Jan 29, 2026 |
| JONES FINANCIAL COMPANIES LLLP | History | Added to | 91 | 30 | 0.0% | 0.0% | 87 | +2 | 2.25% | Q4 2025 | Feb 17, 2026 |
| Russell Investments Group, Ltd. | History | Reduced | 80 | 26 | 0.0% | 0.0% | 88 | -5 | -5.88% | Q4 2025 | Feb 17, 2026 |
| Legal & General Group Plc | History | No change | 65 | 21 | 0.0% | 0.0% | 89 | 0 | 0.0% | Q4 2025 | Feb 09, 2026 |
| Farther Finance Advisors, LLC | History | New | 59 | 19 | 0.0% | — | 90 | +59 | New | Q4 2025 | Jan 23, 2026 |
| Ameritas Investment Partners, Inc. | History | Reduced | 56 | 18 | 0.0% | 0.0% | 91 | -24 | -30.0% | Q4 2025 | Feb 11, 2026 |
| Sterling Capital Management LLC | History | Reduced | 50 | 18 | 0.0% | 0.0% | 92 | -8 | -13.79% | Q4 2025 | Feb 13, 2026 |
| Larson Financial Group LLC | History | No change | 50 | 16 | 0.0% | 0.0% | 93 | 0 | 0.0% | Q4 2025 | Feb 06, 2026 |
| Tower Research Capital LLC (TRC) | History | Reduced | 45 | 14 | 0.0% | 0.0% | 94 | -52 | -53.61% | Q4 2025 | Feb 17, 2026 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | History | Reduced | 42 | 13 | 0.0% | 0.0% | 95 | -11 | -20.75% | Q4 2025 | Feb 17, 2026 |
| North Star Investment Management Corp. | History | No change | 28 | 12 | 0.0% | 0.0% | 96 | 0 | 0.0% | Q4 2025 | Jan 30, 2026 |
| HOEY INVESTMENTS, INC | History | No change | 39 | 12 | 0.0% | 0.0% | 97 | 0 | 0.0% | Q4 2025 | Jan 28, 2026 |
| Optiver Holding B.V. | History | Added to | 22 | 7 | 0.0% | 0.0% | 99 | +10 | 83.33% | Q4 2025 | Feb 17, 2026 |
| AMALGAMATED BANK | History | Reduced | 21 | 7 | 0.0% | 0.0% | 98 | -4 | -16.0% | Q4 2025 | Feb 05, 2026 |
| Global Retirement Partners, LLC | History | No change | 19 | 6 | 0.0% | 0.0% | 100 | 0 | 0.0% | Q4 2025 | Feb 06, 2026 |
| Rockefeller Capital Management L.P. | History | New | 17 | 5 | 0.0% | — | 101 | +17 | New | Q4 2025 | Mar 16, 2026 |
| OSAIC HOLDINGS, INC. | History | Reduced | 14 | 4 | 0.0% | 0.0% | 102 | -444 | -96.94% | Q4 2025 | Feb 17, 2026 |
| Caitlin John, LLC | History | No change | 15 | 4 | 0.0% | 0.0% | 103 | 0 | 0.0% | Q4 2025 | Feb 18, 2026 |
| EverSource Wealth Advisors, LLC | History | Added to | 11 | 3 | 0.0% | 0.0% | 104 | +2 | 22.22% | Q4 2025 | Feb 06, 2026 |
| GAMMA Investing LLC | History | No change | 8 | 2 | 0.0% | 0.0% | 105 | 0 | 0.0% | Q4 2025 | Jan 05, 2026 |
| IFP Advisors, Inc | History | Added to | 4 | 1 | 0.0% | — | 108 | +3 | 300.0% | Q4 2025 | Feb 06, 2026 |
| COUNTRY TRUST BANK | History | Reduced | 5 | 1 | 0.0% | 0.0% | 106 | -1 | -16.67% | Q4 2025 | Jan 21, 2026 |
| CIBC Private Wealth Group LLC | History | No change | 4 | 1 | 0.0% | 0.0% | 107 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| Jump Financial, LLC | History | Closed out | 0 | 0 | — | 0.01% | — | -2,980 | -100.0% | Q3 2025 | Nov 13, 2025 |
| Semanteon Capital Management, LP | History | Closed out | 0 | 0 | — | 1.05% | — | -1,924 | -100.0% | Q3 2025 | Nov 10, 2025 |
| TWO SIGMA ADVISERS, LP | History | Closed out | 0 | 0 | — | 0.0% | — | -1,000 | -100.0% | Q3 2025 | Nov 14, 2025 |
| Engineers Gate Manager LP | History | Closed out | 0 | 0 | — | 0.01% | — | -984 | -100.0% | Q3 2025 | Nov 14, 2025 |
| Dynamic Technology Lab Private Ltd | History | Closed out | 0 | 0 | — | 0.03% | — | -636 | -100.0% | Q3 2025 | Nov 13, 2025 |
| XTX Topco Ltd | History | Closed out | 0 | 0 | — | 0.03% | — | -356 | -100.0% | Q3 2025 | Nov 14, 2025 |
| Marex Group plc | History | Closed out | 0 | 0 | — | 0.0% | — | -202 | -100.0% | Q3 2025 | Nov 14, 2025 |
| Verition Fund Management LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -160 | -100.0% | Q3 2025 | Nov 14, 2025 |
| MEEDER ASSET MANAGEMENT INC | History | Closed out | 0 | 0 | — | 0.0% | — | -106 | -100.0% | Q3 2025 | Oct 24, 2025 |
| Arax Advisory Partners | History | Closed out | 0 | 0 | — | 0.0% | — | -28 | -100.0% | Q3 2025 | Nov 14, 2025 |
| ROTHSCHILD INVESTMENT LLC | History | New | 1 | 0 | — | — | — | +1 | New | Q4 2025 | Feb 10, 2026 |
| Clearstead Advisors, LLC | History | Closed out | 0 | 0 | — | — | — | -1 | -100.0% | Q3 2025 | Nov 10, 2025 |
| SALEM INVESTMENT COUNSELORS INC | History | Closed out | 0 | 0 | — | — | — | -1 | -100.0% | Q3 2025 | Oct 07, 2025 |
| NISA INVESTMENT ADVISORS, LLC | History | No change | 2 | 0 | — | — | — | 0 | 0.0% | Q4 2025 | Jan 15, 2026 |
| SBI Securities Co., Ltd. | History | No change | 1 | 0 | — | — | — | 0 | 0.0% | Q4 2025 | Feb 03, 2026 |
| True Wealth Design, LLC | History | No change | 1 | 0 | — | — | — | 0 | 0.0% | Q4 2025 | Jan 08, 2026 |
| Smartleaf Asset Management LLC | History | No change | 1 | 0 | — | — | — | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| American Capital Advisory, LLC | History | No change | 3 | 0 | — | — | — | 0 | 0.0% | Q4 2025 | Jan 30, 2026 |