Biglari Holdings Inc. Class BBH
13F holders, Q1 2026 (March 31)116holders +10
24new positions
15sold out
6famous investors
$319.39avg. 13F price*
At the end of Q1 2026, 116 institutions reported holding Biglari Holdings Inc. Class B (BH) in their 13F filings, up 10 from Q4 2025. 24 opened new positions and 15 sold out. The largest holders were Biglari Capital Corp. ($467.1M), Dimensional Fund Advisors LP ($33.7M) and BlackRock, Inc. ($14.8M). 6 famous investors held it, including Paul Tudor Jones (0.0% of Tudor Investment Corporation's portfolio), 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 2025 → Q1 2026
| Institutions | Total Value | |
|---|---|---|
| New Positions | 24 | $22.7M |
| Exits | 15 | $16.1M |
All 13F filers, Q4 2025 → Q1 2026: 220,341 shares bought and 108,608 shares sold, net +111,733 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 116 holders
| Biglari Capital Corp. | 50.26% | Add +0.7% | 1,417,285 | $467.1M |
| Dimensional Fund Advisors LP | 0.01% | Add +0.1% | 102,247 | $33.7M |
| BlackRock, Inc. | 0.00% | Reduce -9.6% | 45,046 | $14.8M |
| Marshall Wace, LLP | 0.01% | Add +4474.9% | 32,207 | $10.6M |
| Vanguard Capital Management LLC | 0.00% | — | 29,755 | $9.8M |
| Qube Research & Technologies Ltd | 0.01% | Add +9.9% | 22,415 | $7.4M |
| Renaissance Technologies | 0.01% | Add +98.2% | 21,742 | $7.2M |
| Trexquant Investment LP | 0.05% | Add +173.0% | 21,710 | $7.2M |
| Invesco Ltd. | 0.00% | Reduce -17.0% | 19,938 | $6.6M |
| Jane Street Group, LLC | 0.01% | New | 17,409 | $5.7M |
| Millennium Management | 0.00% | Add +64.4% | 17,342 | $5.7M |
| State Street Corp. | 0.00% | Add +5.9% | 13,943 | $4.6M |
| Geode Capital Management, LLC | 0.00% | Reduce -5.5% | 13,834 | $4.6M |
| JPMorgan Chase & Co. | 0.00% | Reduce -23.4% | 12,308 | $3.8M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.01% | Add +2.9% | 11,339 | $3.7M |
| XTX Topco Ltd | 0.06% | New | 10,605 | $3.5M |
| Arrowstreet Capital, Limited Partnership | 0.00% | Reduce -58.7% | 10,354 | $3.4M |
| Tudor Investment Corporation | 0.02% | New | 9,700 | $3.2M |
| Goldman Sachs Group Inc. | 0.00% | Add +2.0% | 9,353 | $3.1M |
| Two Sigma Investments, LP | 0.00% | Add +12.3% | 8,595 | $2.8M |
| Vanguard Portfolio Management LLC | 0.00% | — | 7,598 | $2.5M |
| Northern Trust Corp. | 0.00% | Add +4.9% | 6,933 | $2.3M |
| Charles Schwab Investment Management Inc. | 0.00% | Reduce -2.7% | 6,839 | $2.3M |
| AQR Capital Management | 0.00% | Add +1.2% | 5,934 | $2.0M |
| D. E. Shaw & Co. | 0.00% | New | 5,570 | $1.8M |
| Pacer Advisors, Inc. | 0.01% | Reduce -12.3% | 5,346 | $1.8M |
| Point72 Asset Management | 0.00% | Reduce -51.1% | 5,224 | $1.7M |
| Quadrature Capital Ltd | 0.02% | Add +217.3% | 5,054 | $1.7M |
| Bridgeway Capital Management, LLC | 0.03% | Reduce -71.8% | 4,985 | $1.6M |
| Dark Forest Capital Management LP | 0.13% | New | 4,336 | $1.4M |
| Vanguard Fiduciary Trust Co. | 0.00% | — | 4,272 | $1.4M |
| Y-Intercept (Hong Kong) Ltd | 0.03% | New | 4,260 | $1.4M |
| Nuveen, LLC | 0.00% | Add +25.8% | 4,245 | $1.4M |
| O'shaughnessy Asset Management, LLC | 0.01% | Reduce -21.6% | 4,110 | $1.4M |
| Swiss Life Asset Management Ltd | 0.01% | New | 66,094 | $1.2M |
| Morgan Stanley | 0.00% | Reduce -45.2% | 3,286 | $1.1M |
| Logan Stone Capital, LLC | 0.28% | Add +91.0% | 3,095 | $1.0M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | New | 2,973 | $980K |
| Voloridge Investment Management, LLC | 0.00% | New | 2,686 | $885K |
| Ritholtz Wealth Management | 0.01% | Reduce -28.2% | 2,511 | $828K |
| EntryPoint Capital, LLC | 0.24% | Add +230.5% | 2,449 | $807K |
| Barclays PLC | 0.00% | Add +64.5% | 2,279 | $751K |
| Gsa Capital Partners LLP | 0.04% | Add +59.1% | 2,135 | $704K |
| Shay Capital LLC | 0.09% | Add +155.3% | 1,915 | $631K |
| STRS Ohio | 0.00% | Add +5.6% | 1,900 | $626K |
| Rathbones Group PLC | 0.00% | Reduce -26.1% | 1,700 | $560K |
| Bank of New York Mellon Corp | 0.00% | Reduce -6.2% | 1,673 | $551K |
| UBS Group AG | 0.00% | Reduce -59.2% | 1,601 | $528K |
| SG Americas Securities, LLC | 0.00% | New | 1,517 | $500K |
| Freestone Grove Partners LP | 0.00% | New | 1,508 | $497K |
| HSBC Holdings PLC | 0.00% | Add +1.5% | 1,523 | $495K |
| Jacobs Levy Equity Management, Inc. | 0.00% | No change | 1,451 | $478K |
| Swiss National Bank | 0.00% | New | 1,440 | $475K |
| Huntleigh Advisors, Inc. | 0.08% | New | 1,401 | $462K |
| Bank of America Corp. | 0.00% | Add +76.3% | 1,287 | $424K |
| LPL Financial LLC | 0.00% | Reduce -44.9% | 1,130 | $372K |
| American Century Companies Inc. | 0.00% | No change | 1,116 | $368K |
| Martingale Asset Management L P | 0.01% | No change | 1,101 | $363K |
| Polymer Capital Management (US) LLC | 0.05% | Reduce -15.6% | 988 | $326K |
| Alliancebernstein L.P. | 0.00% | Reduce -38.0% | 931 | $309K |
| CenterBook Partners LP | 0.02% | New | 853 | $281K |
| Rhumbline Advisers | 0.00% | Add +0.2% | 852 | $281K |
| Brevan Howard Capital Management LP | 0.00% | New | 795 | $262K |
| Occudo Quantitative Strategies LP | 0.01% | Reduce -65.9% | 811 | $251K |
| Brooklyn Investment Group | 0.01% | Reduce -40.7% | 700 | $231K |
| VANGUARD ASSET MANAGEMENT, Ltd | 0.00% | — | 487 | $161K |
| Osaic Holdings, Inc. | 0.00% | Add +3200.0% | 462 | $152K |
| MetLife Investment Management, LLC | 0.00% | No change | 441 | $145K |
| New York State Common Retirement Fund | 0.00% | No change | 426 | $140K |
| Deutsche Bank AG | 0.00% | No change | 419 | $138K |
| State of Alaska, Department of Revenue | 0.00% | No change | 353 | $115K |
| Bartlett & Co. Wealth Management LLC | 0.00% | Reduce -22.1% | 392 | $112K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | No change | 325 | $107K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 320 | $105K |
| Citigroup Inc. | 0.00% | Reduce -72.9% | 315 | $104K |
| Vanguard Investments Australia, Ltd. | 0.00% | — | 312 | $103K |
| Wells Fargo & Company | 0.00% | Reduce -63.7% | 285 | $94K |
| FMR LLC | 0.00% | Reduce -34.8% | 236 | $78K |
| Caitong International Asset Management Co., Ltd | 0.01% | Reduce -10.1% | 186 | $61K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | No change | 171 | $56K |
| Vanguard Global Advisers, LLC | 0.00% | — | 163 | $54K |
| BNP Paribas Financial Markets | 0.00% | Add +2.5% | 162 | $53K |
| KLP Kapitalforvaltning As | 0.00% | New | 160 | $53K |
| Cwm, LLC | 0.00% | Add +9.2% | 154 | $51K |
| Jones Financial Companies LLLP | 0.00% | Add +57.1% | 143 | $44K |
| Russell Investments Group, Ltd. | 0.00% | Add +28.8% | 103 | $34K |
| Rockefeller Capital Management L.P. | 0.00% | Add +400.0% | 85 | $28K |
| Royal Bank of Canada | 0.00% | Reduce -39.4% | 86 | $28K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +60.0% | 72 | $24K |
| Fifth Third Bancorp | 0.00% | New | 70 | $23K |
| Legal & General Group Plc | 0.00% | No change | 65 | $21K |
| Ameritas Investment Partners, Inc. | 0.00% | No change | 56 | $18K |
| Larson Financial Group LLC | 0.00% | No change | 50 | $16K |
| Hoey Investments, Inc. | 0.00% | No change | 39 | $13K |
| California State Teachers Retirement System | 0.00% | Reduce -11.9% | 37 | $12K |
| Sterling Capital Management LLC | 0.00% | Reduce -32.6% | 33 | $11K |
| Farther Finance Advisors, LLC | 0.00% | Reduce -45.8% | 32 | $11K |
| North Star Investment Management Corp. | 0.00% | No change | 26 | $9K |
| MPWM Advisory Solutions, LLC | 0.00% | New | 20 | $7K |
| Caitlin John, LLC | 0.00% | No change | 15 | $5K |
"% 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.