Biglari Holdings Inc. Class BBH
13F holders, Q1 2025 (March 31)75holders
12new positions
11sold out
2famous investors
$216.54avg. 13F price*
At the end of Q1 2025, 75 institutions reported holding Biglari Holdings Inc. Class B (BH) in their 13F filings, unchanged from Q4 2024. 12 opened new positions and 11 sold out. The largest holders were Biglari Capital Corp. ($302.0M), Dimensional Fund Advisors LP ($20.1M) and BlackRock, Inc. ($11.8M). 2 famous investors held it, including Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).
- Company
- Biglari Holdings Inc. Class B
- CUSIP
- 08986R309
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 12 | $2.1M |
| Exits | 11 | $5.6M |
All 13F filers, Q4 2024 → Q1 2025: 35,507 shares bought and 27,721 shares sold, net +7,786 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 75 holders
| Biglari Capital Corp. | 42.59% | No change | 1,394,437 | $302.0M |
| Dimensional Fund Advisors LP | 0.01% | Add +1.3% | 92,694 | $20.1M |
| BlackRock, Inc. | 0.00% | Reduce -1.3% | 54,661 | $11.8M |
| Vanguard Group Inc. | 0.00% | Add +9.3% | 40,930 | $8.9M |
| JPMorgan Chase & Co. | 0.00% | Add +69.7% | 27,376 | $5.9M |
| Nuveen, LLC | 0.00% | — | 18,309 | $4.0M |
| Geode Capital Management, LLC | 0.00% | Add +0.7% | 15,796 | $3.4M |
| Bridgeway Capital Management, LLC | 0.09% | Add +1.1% | 15,633 | $3.4M |
| Arrowstreet Capital, Limited Partnership | 0.00% | Add +9.7% | 14,538 | $3.1M |
| Peapod Lane Capital LLC | 3.37% | Reduce -5.1% | 13,829 | $3.0M |
| State Street Corp. | 0.00% | Add +1.1% | 13,145 | $2.8M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.01% | Add +1.2% | 12,029 | $2.6M |
| Empowered Funds, LLC | 0.03% | Add +1.8% | 9,433 | $2.0M |
| Northern Trust Corp. | 0.00% | Reduce -3.1% | 7,552 | $1.6M |
| O'shaughnessy Asset Management, LLC | 0.01% | Add +125.3% | 6,216 | $1.3M |
| Renaissance Technologies | 0.00% | Add +7.4% | 5,926 | $1.3M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -1.9% | 3,584 | $776K |
| Los Angeles Capital Management LLC | 0.00% | Reduce -12.3% | 3,438 | $744K |
| Martingale Asset Management L P | 0.02% | No change | 3,284 | $711K |
| Ritholtz Wealth Management | 0.02% | Add +131.5% | 3,250 | $704K |
| Morgan Stanley | 0.00% | Reduce -36.1% | 2,843 | $616K |
| Allspring Global Investments Holdings, LLC | 0.00% | Reduce -6.7% | 2,496 | $540K |
| HRT Financial LP | 0.00% | New | 2,426 | $525K |
| Charles Schwab Investment Management Inc. | 0.00% | Add +0.5% | 2,338 | $506K |
| Rathbones Group PLC | 0.00% | No change | 2,300 | $498K |
| STRS Ohio | 0.00% | Add +4.5% | 2,300 | $498K |
| UBS Group AG | 0.00% | Add +90.2% | 2,281 | $494K |
| Gsa Capital Partners LLP | 0.04% | Reduce -0.1% | 2,168 | $469K |
| Cerity Partners LLC | 0.00% | New | 2,091 | $453K |
| Bank of New York Mellon Corp | 0.00% | Add +10.7% | 2,023 | $438K |
| Barclays PLC | 0.00% | Reduce -18.3% | 1,613 | $349K |
| Jacobs Levy Equity Management, Inc. | 0.00% | No change | 1,451 | $314K |
| Susquehanna International Group, LLP | 0.00% | New | 1,314 | $285K |
| State of Wisconsin Investment Board | 0.00% | New | 1,200 | $260K |
| Jane Street Group, LLC | 0.00% | New | 1,189 | $257K |
| LPL Financial LLC | 0.00% | Add +6.9% | 1,172 | $254K |
| Rhumbline Advisers | 0.00% | Reduce -3.0% | 1,105 | $239K |
| Millennium Management | 0.00% | New | 993 | $215K |
| Bank of America Corp. | 0.00% | Reduce -35.9% | 894 | $194K |
| Royal Bank of Canada | 0.00% | Reduce -25.2% | 755 | $163K |
| Citigroup Inc. | 0.00% | Reduce -8.8% | 547 | $118K |
| New York State Common Retirement Fund | 0.00% | Reduce -23.3% | 526 | $114K |
| Bartlett & Co. Wealth Management LLC | 0.00% | New | 503 | $109K |
| MetLife Investment Management, LLC | 0.00% | No change | 459 | $99K |
| Wells Fargo & Company | 0.00% | Add +2.1% | 436 | $94K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Add +8.2% | 435 | $94K |
| Osaic Holdings, Inc. | 0.00% | Add +98.0% | 400 | $87K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 398 | $86K |
| Deutsche Bank AG | 0.00% | Add +111.6% | 364 | $79K |
| Corebridge Financial, Inc. | 0.00% | Reduce -1.7% | 356 | $77K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | New | 121 | $26K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +154.3% | 117 | $25K |
| Ameritas Investment Partners, Inc. | 0.00% | No change | 80 | $17K |
| Hoey Investments, Inc. | 0.00% | No change | 72 | $16K |
| Comerica Bank | 0.00% | No change | 70 | $15K |
| FMR LLC | 0.00% | Reduce -11.5% | 69 | $15K |
| Barrow Hanley Mewhinney & Strauss LLC | 0.00% | No change | 67 | $15K |
| Legal & General Group Plc | 0.00% | No change | 65 | $14K |
| California State Teachers Retirement System | 0.00% | No change | 53 | $11K |
| Larson Financial Group LLC | 0.00% | No change | 50 | $11K |
| BNP Paribas Financial Markets | 0.00% | Reduce -63.9% | 44 | $10K |
| Aster Capital Management (DIFC) Ltd | 0.00% | Add +1350.0% | 29 | $7K |
| Cwm, LLC | 0.00% | Add +19.2% | 31 | $7K |
| North Star Investment Management Corp. | 0.00% | No change | 26 | $6K |
| Amalgamated Bank | 0.00% | No change | 25 | $5K |
| Sterling Capital Management LLC | 0.00% | Reduce -32.4% | 23 | $5K |
| Jones Financial Companies LLLP | 0.00% | New | 12 | $3K |
| Smartleaf Asset Management LLC | 0.00% | No change | 10 | $2K |
| GAMMA Investing LLC | 0.00% | Reduce -20.0% | 4 | $866 |
| CIBC Private Wealth Group LLC | 0.00% | No change | 4 | $814 |
| American Capital Advisory, LLC | 0.00% | No change | 3 | $650 |
| EverSource Wealth Advisors, LLC | 0.00% | New | 3 | $650 |
| True Wealth Design, LLC | 0.00% | New | 1 | $217 |
| Salem Investment Counselors Inc. | 0.00% | No change | 1 | $217 |
| SBI Securities Co., Ltd. | 0.00% | New | 1 | $217 |
"% of holder's portfolio" is BH's weight in each manager's 13F, not the share of Biglari Holdings Inc. Class B the manager owns.