Biglari Holdings Inc. Class ABH.A
13F holders, Q4 2025 (December 31)At the end of Q4 2025, 36 institutions reported holding Biglari Holdings Inc. Class A (BH.A) in their 13F filings, down 3 from Q3 2025. 6 opened new positions and 8 sold out. The largest holders were Biglari Capital Corp. ($268.8M), GAMCO Investors ($20.6M) and Dimensional Fund Advisors LP ($10.2M). 5 famous investors held it, including Mario Gabelli (0.2% of GAMCO Investors's portfolio), Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio) and Steve Cohen (0.0% of Point72 Asset Management's portfolio).
- Company
- Biglari Holdings Inc. Class A
- CUSIP
- 08986R408
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 6 | $3.0M |
| Exits | 8 | $2.9M |
All 13F filers, Q3 2025 → Q4 2025: 6,517 shares bought and 4,611 shares sold, net +1,906 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 36 holders
| Biglari Capital Corp. | 28.82% | Add +0.5% | 154,474 | $268.8M |
| GAMCO Investors | 0.20% | Reduce -2.4% | 11,857 | $20.6M |
| Dimensional Fund Advisors LP | 0.00% | Add +0.9% | 5,856 | $10.2M |
| Renaissance Technologies | 0.01% | Add +20.2% | 4,230 | $7.4M |
| Vanguard Group Inc. | 0.00% | Reduce -15.9% | 2,494 | $4.3M |
| Check Capital Management Inc. | 0.23% | Reduce -0.5% | 2,200 | $3.8M |
| Trexquant Investment LP | 0.03% | Add +161.9% | 1,852 | $3.2M |
| BlackRock, Inc. | 0.00% | Add +1.0% | 1,579 | $2.7M |
| Gabelli Funds LLC | 0.02% | No change | 1,560 | $2.7M |
| Arrowstreet Capital, Limited Partnership | 0.00% | Add +1237.9% | 883 | $1.5M |
| Geode Capital Management, LLC | 0.00% | Reduce -6.7% | 860 | $1.5M |
| State Street Corp. | 0.00% | Add +25.8% | 770 | $1.3M |
| Marshall Wace, LLP | 0.00% | Add +2.9% | 677 | $1.2M |
| Goldman Sachs Group Inc. | 0.00% | Add +251.9% | 563 | $980K |
| Citadel Advisors | 0.00% | Reduce -33.5% | 508 | $884K |
| OMERS ADMINISTRATION Corp | 0.01% | Add +150.0% | 500 | $870K |
| Point72 Asset Management | 0.00% | New | 462 | $804K |
| Millennium Management | 0.00% | Add +156.6% | 408 | $710K |
| Jane Street Group, LLC | 0.00% | New | 401 | $698K |
| HRT Financial LP | 0.00% | Reduce -58.7% | 260 | $452K |
| JPMorgan Chase & Co. | 0.00% | New | 252 | $438K |
| Aquatic Capital Management LLC | 0.01% | New | 248 | $432K |
| Balyasny Asset Management L.P. | 0.00% | New | 228 | $397K |
| Morgan Stanley | 0.00% | Add +10.1% | 142 | $247K |
| Northern Trust Corp. | 0.00% | New | 141 | $245K |
| UBS Group AG | 0.00% | Add +247.4% | 66 | $115K |
| Caitong International Asset Management Co., Ltd | 0.03% | Add +71.0% | 65 | $113K |
| FMR LLC | 0.00% | Add +0.0% | 30 | $53K |
| Quantbot Technologies LP | 0.00% | Reduce -95.2% | 28 | $49K |
| Bank of America Corp. | 0.00% | Add +5.9% | 18 | $31K |
| Qube Research & Technologies Ltd | 0.00% | Reduce -98.3% | 12 | $21K |
| Comerica Bank | 0.00% | No change | 7 | $12K |
| Royal Bank of Canada | 0.00% | Reduce -85.7% | 4 | $7K |
| Citigroup Inc. | 0.00% | No change | 4 | $7K |
| North Star Investment Management Corp. | 0.00% | No change | 2 | $3K |
| Sterling Capital Management LLC | 0.00% | No change | 1 | $2K |
"% of holder's portfolio" is BH.A's weight in each manager's 13F, not the share of Biglari Holdings Inc. Class A the manager owns.