Who Owns Biglari Holdings Inc. (BH)?Hedge Fund & Institutional Holders

$298.70-9.21 (-2.99%)Consumer CyclicalNYSE

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$4.4403132000238865e+171T

% of Float Held

4.293777783097813e+202%

QoQ Change in Holders

+15 / -1

Price History

$164.80$242.83$320.86$398.89$476.92Sep 24Jun 25Mar 26

BH — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
MILLENNIUM MANAGEMENT LLCNew Position+11K+$3.0M
Trexquant Investment LPNew Position+8K+$2.6M
CITADEL ADVISORS LLCNew Position+9K+$2.0M
RITHOLTZ WEALTH MANAGEMENTNew Position+3K+$1.2M
STRS OHIONew Position+2K+$598K
Logan Stone Capital, LLCNew Position+2K+$538K
HSBC HOLDINGS PLCNew Position+2K+$498K
INCEPTIONR LLCNew Position+1K+$352K
Shay Capital LLCNew Position+750+$249K
EntryPoint Capital, LLCNew Position+741+$246K
Schonfeld Strategic Advisors LLCNew Position+684+$227K
State of Alaska, Department of RevenueNew Position+353+$117K
CWM, LLCNew Position+141+$47K
Farther Finance Advisors, LLCNew Position+59+$19K
North Star Investment Management Corp.New Position+26+$8K

BH — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
BlackRock, Inc.Decreased-4K-$17.4B
Invesco Ltd.Decreased-16K-$13.1B
JPMORGAN CHASE & CODecreased-17K-$10.6B
STATE STREET CORPDecreased-3K-$5.1B
RENAISSANCE TECHNOLOGIES LLCDecreased-4K-$5.0B
MORGAN STANLEYDecreased-9K-$4.7B
TWO SIGMA INVESTMENTS, LPDecreased-4K-$3.7B
Connor, Clark & Lunn Investment Management Ltd.Decreased-6-$3.6B
CHECK CAPITAL MANAGEMENT INC/CADecreased-12-$3.4B
CHARLES SCHWAB INVESTMENT MANAGEMENT INCDecreased-184-$2.3B
NORTHERN TRUST CORPDecreased-520-$2.3B
Pacer Advisors, Inc.Closed Position-6K-$2.1B
O'SHAUGHNESSY ASSET MANAGEMENT, LLCDecreased-858-$2.0B
UBS Group AGDecreased-68-$1.3B
Nuveen, LLCDecreased-303-$1.2B

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1BIGLARI CAPITAL CORP.1,335,713$444.0M47.61%Share
2DIMENSIONAL FUND ADVISORS LP97,467$32.0M0.01%Share
3BIGLARI CAPITAL CORP.71,855$23.9M2.56%Share
4VANGUARD GROUP INC35,655$11.9M0.00%Share
5BlackRock, Inc.24,792$8.0M0.00%Share
6ARROWSTREET CAPITAL, LIMITED PARTNERSHIP25,048$8.0M0.00%Share
7Invesco Ltd.23,785$7.9M0.00%Share
8Qube Research & Technologies Ltd20,391$6.0M0.01%Share
9BlackRock, Inc.19,410$6.0M0.00%Share
10BRIDGEWAY CAPITAL MANAGEMENT, LLC17,676$5.0M0.10%Share
11Peapod Lane Capital LLC12,399$4.1M3.51%Share
12GEODE CAPITAL MANAGEMENT, LLC13,442$4.0M0.00%Share
13STATE STREET CORP13,164$4.0M0.00%Share
14JPMORGAN CHASE & CO14,246$4.0M0.00%Share
15CHECK CAPITAL MANAGEMENT INC/CA2,200$3.8M0.11%Share
16Connor, Clark & Lunn Investment Management Ltd.11,022$3.0M0.01%Share
17Empowered Funds, LLC11,476$3.0M0.02%Share
18RENAISSANCE TECHNOLOGIES LLC10,970$3.0M0.00%Share
19Point72 Asset Management, L.P.10,690$3.0M0.00%Share
20MILLENNIUM MANAGEMENT LLC10,548$3.0M0.00%Share
21Trexquant Investment LP7,953$2.6M0.02%Share
22CITADEL ADVISORS LLC8,671$2.0M0.00%Share
23NORTHERN TRUST CORP6,483$2.0M0.00%Share
24GOLDMAN SACHS GROUP INC8,279$2.0M0.00%Share
25TWO SIGMA INVESTMENTS, LP7,654$2.0M0.00%Share
26CHARLES SCHWAB INVESTMENT MANAGEMENT INC7,027$2.0M0.00%Share
27VANGUARD GROUP INC4,276$1.4M0.00%Share
28UBS Group AG3,865$1.3M0.00%Share
29RITHOLTZ WEALTH MANAGEMENT3,497$1.2M0.02%Share
30AQR CAPITAL MANAGEMENT LLC5,769$1.0M0.00%Share
31DIMENSIONAL FUND ADVISORS LP3,740$1.0M0.00%Share
32O'SHAUGHNESSY ASSET MANAGEMENT, LLC5,245$1.0M0.01%Share
33Nuveen, LLC3,354$1.0M0.00%Share
34OCCUDO QUANTITATIVE STRATEGIES LP2,381$791K0.05%Share
35Rathbones Group PLC2,300$764K0.00%Share
36STRS OHIO1,800$598K0.00%Share
37Logan Stone Capital, LLC1,620$538K0.13%Share
38HSBC HOLDINGS PLC1,501$498K0.00%Share
39INCEPTIONR LLC1,061$352K0.10%Share
40Shay Capital LLC750$249K0.03%Share
41EntryPoint Capital, LLC741$246K0.10%Share
42Schonfeld Strategic Advisors LLC684$227K0.00%Share
43BARTLETT & CO. WEALTH MANAGEMENT LLC503$167K0.00%Share
44State of Alaska, Department of Revenue193$64K0.00%Share
45State of Alaska, Department of Revenue160$53K0.00%Share
46CWM, LLC141$47K0.00%Share
47Invesco Ltd.134$44K0.00%Share
48Caitong International Asset Management Co., Ltd110$36K0.10%Share
49Invesco Ltd.94$31K0.00%Share
50COMERICA BANK70$23K0.00%Share

BH Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025106$612.9M+28
Q3 202578$611.3B-2
Q2 202580$519.9B+4
Q1 202576$390.5B+5
Q4 202471$6.1T+8
Q3 202463$49.2T-3
Q2 202466$43.3T+4
Q1 202462$39.9T

Similar Stocks by Institutional Ownership

As of Q4 2025, 50 institutional investors hold BH (Biglari Holdings Inc.). The largest holder is BIGLARI CAPITAL CORP. with $444.0M in shares. This quarter, 15 institutions opened new positions and 1 closed their positions.

Frequently Asked Questions

How many hedge funds own BH?

As of Q4 2025, 50 institutional investors report holding BH (Biglari Holdings Inc.) in their 13F filings.

Who is the largest institutional holder of BH?

The largest institutional holder of BH is BIGLARI CAPITAL CORP. with $444.0M in shares.

Is institutional ownership of BH increasing or decreasing?

This quarter, 15 institutions opened new positions in BH and 1 closed their positions.