Biglari Holdings Inc. Class BBH
13F holders, Q3 2025 (September 30)97holders +6
17new positions
12sold out
3famous investors
$323.65avg. 13F price*
At the end of Q3 2025, 97 institutions reported holding Biglari Holdings Inc. Class B (BH) in their 13F filings, up 6 from Q2 2025. 17 opened new positions and 12 sold out. The largest holders were Biglari Capital Corp. ($451.3M), Dimensional Fund Advisors LP ($32.6M) and BlackRock, Inc. ($17.4M). 3 famous investors held it, including Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio), Steve Cohen (0.0% of Point72 Asset Management's portfolio) and Cliff Asness (0.0% of AQR Capital 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 Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 17 | $6.7M |
| Exits | 12 | $5.3M |
All 13F filers, Q2 2025 → Q3 2025: 104,023 shares bought and 40,092 shares sold, net +63,931 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 97 holders
| Biglari Capital Corp. | 49.42% | No change | 1,394,437 | $451.3M |
| Dimensional Fund Advisors LP | 0.01% | Add +6.2% | 100,819 | $32.6M |
| BlackRock, Inc. | 0.00% | Add +3.9% | 53,905 | $17.4M |
| Invesco Ltd. | 0.00% | Add +319.8% | 40,443 | $13.1M |
| Vanguard Group Inc. | 0.00% | Add +0.3% | 38,102 | $12.3M |
| JPMorgan Chase & Co. | 0.00% | Add +20.9% | 32,656 | $10.6M |
| Bridgeway Capital Management, LLC | 0.12% | Add +4.1% | 16,944 | $5.5M |
| State Street Corp. | 0.00% | Add +2.0% | 15,850 | $5.1M |
| Renaissance Technologies | 0.01% | Add +143.1% | 15,376 | $5.0M |
| Arrowstreet Capital, Limited Partnership | 0.00% | Add +3.2% | 14,625 | $4.7M |
| Morgan Stanley | 0.00% | Add +35.0% | 14,562 | $4.7M |
| Geode Capital Management, LLC | 0.00% | Reduce -6.3% | 14,421 | $4.7M |
| Peapod Lane Capital LLC | 3.56% | Reduce -11.3% | 12,309 | $4.0M |
| Two Sigma Investments, LP | 0.01% | Add +162.8% | 11,563 | $3.7M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.01% | Reduce -12.7% | 11,028 | $3.6M |
| Empowered Funds, LLC | 0.04% | Add +6.6% | 10,744 | $3.5M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +227.9% | 7,211 | $2.3M |
| Northern Trust Corp. | 0.00% | Add +0.7% | 7,129 | $2.3M |
| Pacer Advisors, Inc. | 0.01% | New | 6,470 | $2.1M |
| O'shaughnessy Asset Management, LLC | 0.01% | Reduce -4.4% | 6,103 | $2.0M |
| Qube Research & Technologies Ltd | 0.00% | New | 4,811 | $1.6M |
| Goldman Sachs Group Inc. | 0.00% | Add +380.4% | 4,136 | $1.3M |
| UBS Group AG | 0.00% | Add +157.9% | 3,990 | $1.3M |
| Nuveen, LLC | 0.00% | Reduce -76.4% | 3,677 | $1.2M |
| Ritholtz Wealth Management | 0.02% | Reduce -2.4% | 3,657 | $1.2M |
| AQR Capital Management | 0.00% | Add +299.9% | 3,179 | $1.0M |
| Jump Financial, LLC | 0.01% | Reduce -0.1% | 2,980 | $964K |
| Cubist Systematic Strategies, LLC | 0.01% | New | 2,690 | $871K |
| Los Angeles Capital Management LLC | 0.00% | Reduce -8.8% | 2,548 | $825K |
| Rathbones Group PLC | 0.00% | No change | 2,300 | $744K |
| Gsa Capital Partners LLP | 0.06% | Reduce -16.9% | 2,300 | $744K |
| Martingale Asset Management L P | 0.02% | Reduce -27.1% | 2,152 | $696K |
| Barclays PLC | 0.00% | Add +88.0% | 2,152 | $696K |
| Bank of New York Mellon Corp | 0.00% | Reduce -9.8% | 1,929 | $624K |
| LPL Financial LLC | 0.00% | Add +61.4% | 1,914 | $619K |
| STRS Ohio | 0.00% | No change | 1,800 | $583K |
| Semanteon Capital Management, LP | 0.71% | New | 1,747 | $565K |
| State of Wisconsin Investment Board | 0.00% | New | 1,588 | $514K |
| Alliancebernstein L.P. | 0.00% | Add +7.1% | 1,501 | $486K |
| Point72 Asset Management | 0.00% | New | 1,462 | $473K |
| Jacobs Levy Equity Management, Inc. | 0.00% | No change | 1,451 | $470K |
| HRT Financial LP | 0.00% | Reduce -36.2% | 1,174 | $379K |
| American Century Companies Inc. | 0.00% | Reduce -3.8% | 1,116 | $361K |
| Citigroup Inc. | 0.00% | Add +295.2% | 1,063 | $344K |
| Rhumbline Advisers | 0.00% | Reduce -3.4% | 1,021 | $330K |
| Occudo Quantitative Strategies LP | 0.04% | Add +6.9% | 1,011 | $327K |
| Two Sigma Advisers, LP | 0.00% | Reduce -33.3% | 1,000 | $324K |
| Balyasny Asset Management L.P. | 0.00% | New | 781 | $253K |
| Engineers Gate Manager LP | 0.00% | Reduce -56.5% | 724 | $234K |
| Wells Fargo & Company | 0.00% | Add +65.6% | 717 | $232K |
| Dynamic Technology Lab Private Ltd | 0.03% | New | 636 | $206K |
| New York State Common Retirement Fund | 0.00% | No change | 526 | $170K |
| Bartlett & Co. Wealth Management LLC | 0.00% | No change | 503 | $163K |
| Bank of America Corp. | 0.00% | Reduce -31.6% | 479 | $155K |
| MetLife Investment Management, LLC | 0.00% | No change | 459 | $149K |
| Osaic Holdings, Inc. | 0.00% | Add +2594.1% | 458 | $148K |
| Deutsche Bank AG | 0.00% | No change | 364 | $118K |
| Public Employees Retirement Association of Colorado | 0.00% | Reduce -19.6% | 320 | $104K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Reduce -15.2% | 313 | $101K |
| FMR LLC | 0.00% | Add +105.4% | 189 | $61K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | No change | 171 | $55K |
| State of Alaska, Department of Revenue | 0.00% | New | 160 | $51K |
| BNP Paribas Financial Markets | 0.00% | Reduce -67.5% | 138 | $45K |
| Meeder Asset Management Inc. | 0.00% | New | 106 | $34K |
| Cwm, LLC | 0.00% | Add +148.7% | 97 | $31K |
| AlphaQuest LLC | 0.00% | Reduce -81.9% | 94 | $30K |
| Jones Financial Companies LLLP | 0.00% | Add +128.2% | 89 | $29K |
| Russell Investments Group, Ltd. | 0.00% | Add +608.3% | 85 | $28K |
| Ameritas Investment Partners, Inc. | 0.00% | No change | 80 | $26K |
| Comerica Bank | 0.00% | No change | 70 | $23K |
| Legal & General Group Plc | 0.00% | No change | 65 | $21K |
| Royal Bank of Canada | 0.00% | Reduce -91.3% | 66 | $21K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -24.1% | 63 | $20K |
| Sterling Capital Management LLC | 0.00% | Add +96.5% | 57 | $18K |
| California State Teachers Retirement System | 0.00% | No change | 53 | $17K |
| Larson Financial Group LLC | 0.00% | No change | 50 | $16K |
| Caitong International Asset Management Co., Ltd | 0.01% | New | 42 | $14K |
| Hoey Investments, Inc. | 0.00% | Reduce -45.8% | 39 | $13K |
| Arax Advisory Partners | 0.00% | New | 28 | $9K |
| North Star Investment Management Corp. | 0.00% | No change | 26 | $8K |
| Amalgamated Bank | 0.00% | No change | 25 | $8K |
| Global Retirement Partners, LLC | 0.00% | No change | 19 | $6K |
| Caitlin John, LLC | 0.00% | New | 15 | $5K |
| Optiver Holding B.V. | 0.00% | New | 12 | $4K |
| EverSource Wealth Advisors, LLC | 0.00% | No change | 9 | $3K |
| GAMMA Investing LLC | 0.00% | Add +33.3% | 8 | $3K |
| Country Trust Bank | 0.00% | No change | 5 | $2K |
| CIBC Private Wealth Group LLC | 0.00% | No change | 4 | $1K |
| American Capital Advisory, LLC | 0.00% | No change | 3 | $971 |
| Nisa Investment Advisors, LLC | 0.00% | No change | 2 | $647 |
| True Wealth Design, LLC | 0.00% | No change | 1 | $324 |
| Essential Partners LLC | 0.00% | New | 1 | $324 |
| Clearstead Advisors, LLC | 0.00% | New | 1 | $324 |
| Salem Investment Counselors Inc. | 0.00% | No change | 1 | $324 |
| IFP Advisors, Inc | 0.00% | Add +0.0% | 1 | $324 |
| SBI Securities Co., Ltd. | 0.00% | No change | 1 | $324 |
| Smartleaf Asset Management LLC | 0.00% | New | 1 | $324 |
"% 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.