Biglari Holdings Inc. Class BBH
13F holders, Q2 2025 (June 30)91holders +16
23new positions
7sold out
4famous investors
$292.21avg. 13F price*
At the end of Q2 2025, 91 institutions reported holding Biglari Holdings Inc. Class B (BH) in their 13F filings, up 16 from Q1 2025. 23 opened new positions and 7 sold out. The largest holders were Biglari Capital Corp. ($407.5M), Dimensional Fund Advisors LP ($27.7M) and BlackRock, Inc. ($15.2M). 4 famous investors held it, including Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio), Ken Griffin (0.0% of Citadel Advisors'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 Q1 2025 → Q2 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 23 | $12.0M |
| Exits | 7 | $1.6M |
All 13F filers, Q1 2025 → Q2 2025: 57,974 shares bought and 25,138 shares sold, net +32,836 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 91 holders
| Biglari Capital Corp. | 47.10% | No change | 1,394,437 | $407.5M |
| Dimensional Fund Advisors LP | 0.01% | Add +2.4% | 94,911 | $27.7M |
| BlackRock, Inc. | 0.00% | Reduce -5.0% | 51,908 | $15.2M |
| Vanguard Group Inc. | 0.00% | Reduce -7.2% | 37,980 | $11.1M |
| JPMorgan Chase & Co. | 0.00% | Reduce -1.4% | 27,006 | $7.9M |
| Bridgeway Capital Management, LLC | 0.11% | Add +4.1% | 16,278 | $4.8M |
| Nuveen, LLC | 0.00% | Reduce -15.0% | 15,555 | $4.5M |
| State Street Corp. | 0.00% | Add +18.2% | 15,537 | $4.5M |
| Geode Capital Management, LLC | 0.00% | Reduce -2.5% | 15,395 | $4.5M |
| Arrowstreet Capital, Limited Partnership | 0.00% | Reduce -2.5% | 14,167 | $4.1M |
| Peapod Lane Capital LLC | 4.06% | Add +0.3% | 13,876 | $4.1M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.01% | Add +5.0% | 12,626 | $3.7M |
| Morgan Stanley | 0.00% | Add +279.4% | 10,787 | $3.2M |
| Empowered Funds, LLC | 0.03% | Add +6.8% | 10,078 | $2.9M |
| Invesco Ltd. | 0.00% | New | 9,633 | $2.8M |
| Northern Trust Corp. | 0.00% | Reduce -6.3% | 7,077 | $2.1M |
| Citadel Advisors | 0.00% | New | 6,759 | $2.0M |
| O'shaughnessy Asset Management, LLC | 0.01% | Add +2.6% | 6,381 | $1.9M |
| Renaissance Technologies | 0.00% | Add +6.8% | 6,326 | $1.8M |
| Two Sigma Investments, LP | 0.00% | New | 4,400 | $1.3M |
| Ritholtz Wealth Management | 0.02% | Add +15.3% | 3,746 | $1.1M |
| Man Group plc | 0.00% | New | 2,985 | $872K |
| Jump Financial, LLC | 0.01% | New | 2,983 | $872K |
| Martingale Asset Management L P | 0.02% | Reduce -10.1% | 2,952 | $863K |
| Los Angeles Capital Management LLC | 0.00% | Reduce -18.8% | 2,793 | $816K |
| Gsa Capital Partners LLP | 0.06% | Add +27.7% | 2,768 | $809K |
| Rathbones Group PLC | 0.00% | No change | 2,300 | $672K |
| Charles Schwab Investment Management Inc. | 0.00% | Reduce -6.0% | 2,199 | $643K |
| Bank of New York Mellon Corp | 0.00% | Add +5.7% | 2,138 | $625K |
| HRT Financial LP | 0.00% | Reduce -24.1% | 1,841 | $537K |
| STRS Ohio | 0.00% | Reduce -21.7% | 1,800 | $526K |
| Engineers Gate Manager LP | 0.01% | New | 1,663 | $486K |
| UBS Group AG | 0.00% | Reduce -32.2% | 1,547 | $452K |
| Two Sigma Advisers, LP | 0.00% | New | 1,500 | $438K |
| Trexquant Investment LP | 0.00% | New | 1,484 | $434K |
| Jacobs Levy Equity Management, Inc. | 0.00% | No change | 1,451 | $424K |
| Alliancebernstein L.P. | 0.00% | New | 1,401 | $409K |
| Brevan Howard Capital Management LP | 0.00% | New | 1,398 | $409K |
| Squarepoint Ops LLC | 0.00% | New | 1,323 | $387K |
| LPL Financial LLC | 0.00% | Add +1.2% | 1,186 | $347K |
| American Century Companies Inc. | 0.00% | New | 1,160 | $339K |
| Barclays PLC | 0.00% | Reduce -29.0% | 1,145 | $335K |
| Millennium Management | 0.00% | Add +8.3% | 1,075 | $314K |
| Rhumbline Advisers | 0.00% | Reduce -4.3% | 1,057 | $309K |
| Occudo Quantitative Strategies LP | 0.03% | New | 946 | $276K |
| Centiva Capital, LP | 0.02% | New | 887 | $259K |
| Goldman Sachs Group Inc. | 0.00% | Reduce -76.0% | 861 | $252K |
| Axq Capital, LP | 0.08% | New | 852 | $249K |
| Susquehanna International Group, LLP | 0.00% | Reduce -37.9% | 816 | $238K |
| AQR Capital Management | 0.00% | New | 795 | $232K |
| Royal Bank of Canada | 0.00% | Add +0.8% | 761 | $223K |
| Bank of America Corp. | 0.00% | Reduce -21.7% | 700 | $205K |
| New York State Common Retirement Fund | 0.00% | No change | 526 | $154K |
| AlphaQuest LLC | 0.01% | New | 519 | $152K |
| Bartlett & Co. Wealth Management LLC | 0.00% | No change | 503 | $147K |
| MetLife Investment Management, LLC | 0.00% | No change | 459 | $134K |
| Wells Fargo & Company | 0.00% | Reduce -0.7% | 433 | $127K |
| BNP Paribas Financial Markets | 0.00% | Add +863.6% | 424 | $124K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 398 | $116K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Reduce -15.2% | 369 | $108K |
| Deutsche Bank AG | 0.00% | No change | 364 | $106K |
| Raymond James Financial Inc. | 0.00% | New | 360 | $105K |
| Citigroup Inc. | 0.00% | Reduce -50.8% | 269 | $79K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | Add +41.3% | 171 | $50K |
| FMR LLC | 0.00% | Add +33.3% | 92 | $27K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -29.1% | 83 | $24K |
| Ameritas Investment Partners, Inc. | 0.00% | No change | 80 | $23K |
| Hoey Investments, Inc. | 0.00% | No change | 72 | $21K |
| Comerica Bank | 0.00% | No change | 70 | $20K |
| Legal & General Group Plc | 0.00% | No change | 65 | $19K |
| California State Teachers Retirement System | 0.00% | No change | 53 | $15K |
| Larson Financial Group LLC | 0.00% | No change | 50 | $15K |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 0.00% | New | 40 | $12K |
| Jones Financial Companies LLLP | 0.00% | Add +225.0% | 39 | $11K |
| Cwm, LLC | 0.00% | Add +25.8% | 39 | $11K |
| Sterling Capital Management LLC | 0.00% | Add +26.1% | 29 | $8K |
| North Star Investment Management Corp. | 0.00% | No change | 26 | $8K |
| Amalgamated Bank | 0.00% | No change | 25 | $7K |
| Global Retirement Partners, LLC | 0.00% | — | 19 | $6K |
| Osaic Holdings, Inc. | 0.00% | Reduce -95.8% | 17 | $5K |
| Russell Investments Group, Ltd. | 0.00% | New | 12 | $4K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +200.0% | 9 | $3K |
| GAMMA Investing LLC | 0.00% | Add +50.0% | 6 | $2K |
| Country Trust Bank | 0.00% | New | 5 | $1K |
| Aster Capital Management (DIFC) Ltd | 0.00% | Reduce -86.2% | 4 | $1K |
| CIBC Private Wealth Group LLC | 0.00% | No change | 4 | $1K |
| American Capital Advisory, LLC | 0.00% | No change | 3 | $877 |
| Nisa Investment Advisors, LLC | 0.00% | New | 2 | $584 |
| True Wealth Design, LLC | 0.00% | No change | 1 | $293 |
| Salem Investment Counselors Inc. | 0.00% | No change | 1 | $293 |
| SBI Securities Co., Ltd. | 0.00% | No change | 1 | $292 |
"% 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.