Institutional ownership · Form 13F
BH institutional ownership
Biglari Holdings Inc.: reported institutional holdings as of 2026-06-30 (filed through 2026-08-31), aggregated by StockEyes from SEC Form 13F information tables. BH is one of 2732 tickers in the validated publication set. Mapping coverage in this publication set: 4562 of 6046 universe tickers have at least one validated CUSIP mapping (75.5%). Latest-quarter filed value resolved to any listed ticker: 77.3%; resolved to this universe: 77.2%.
BH: change since the prior quarter's filings
The reporting-manager count held at 114 in both the quarter ended 2026-03-31 and the quarter ended 2026-06-30. Total reported shares fell to 1,996,561 (-42,391, 2.1%), with the manager count unchanged. Among the 23 managers listed as top holders in both quarters, the largest increases were BIGLARI CAPITAL CORP. (+54,952 shares) and TWO SIGMA INVESTMENTS, LP (+42,023 shares), among 12 managers who added shares, and the largest decreases were Qube Research & Technologies Ltd (-13,640 shares) and JANE STREET GROUP, LLC (-11,281 shares), among 11 managers who reduced shares. Nuveen, LLC (5,039 shares), Y-Intercept (Hong Kong) Ltd (4,055 shares) and 5 more entered the listed top holders; Invesco Ltd. (19,938 shares in the prior quarter), ARROWSTREET CAPITAL, LIMITED PARTNERSHIP (10,354 shares in the prior quarter) and 5 more dropped out of the listed top holders.
New to 13F data? Read how to read a 13F filing, or see where institutions moved overall in the Smart Money Report.
Reported totals, quarter ended 2026-06-30
114 reporting managers held 1,996,561 shares, reported value $843,006,661 exactly as filed. Values are position values transcribed from the filings, not current market prices.
Reported quarter-over-quarter change (quarter ended 2026-03-31 to quarter ended 2026-06-30): reporting managers 0, reported shares -42,391 (-2.08%), reported value +29.75%. These changes compare two filing snapshots.
Shares outstanding cross-check: no current issuer share-count point passed the freshness filter for this ticker, so the gate relied on holder-count and scale checks. See the hub methodology.
BH in this quarter's filings
Concentration check: the largest reported position, BIGLARI CAPITAL CORP. with 1,472,237 shares, is 73.7% of all shares reported for BH this quarter. The five largest reporting managers together account for 85.5% of the reported total, so the headline total is dominated by a handful of large managers.
Reported quarter-over-quarter change: the reporting-manager count was unchanged by 0 versus the quarter ended 2026-03-31, and reported shares moved -2.08% (-42,391 shares). That is a comparison of two filing snapshots, not a record of trades on any single day.
Shares-outstanding cross-check: no current issuer share-count point passed the freshness filter for BH, so the publication gate relied on holder-count scale, current-CUSIP validation, and quarter consistency for this ticker.
Largest reporting managers, BH
| # | Manager | Shares | Value as filed | Share of reported total |
|---|---|---|---|---|
| 1 | BIGLARI CAPITAL CORP. | 1,472,237 | $627,217,129 | 73.7% |
| 2 | DIMENSIONAL FUND ADVISORS LP | 106,257 | $45,270,484 | 5.3% |
| 3 | TWO SIGMA INVESTMENTS, LP | 50,618 | $21,564,787 | 2.5% |
| 4 | BlackRock, Inc. | 46,135 | $19,654,893 | 2.3% |
| 5 | MARSHALL WACE, LLP | 31,016 | $13,213,747 | 1.6% |
| 6 | RENAISSANCE TECHNOLOGIES LLC | 28,627 | $12,195,961 | 1.4% |
| 7 | VANGUARD CAPITAL MANAGEMENT LLC | 28,185 | $12,007,656 | 1.4% |
| 8 | MILLENNIUM MANAGEMENT LLC | 26,774 | $11,406,527 | 1.3% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 14,922 | $6,358,644 | 0.7% |
| 10 | Trexquant Investment LP | 14,559 | $6,202,571 | 0.7% |
| 11 | STATE STREET CORP | 12,806 | $5,455,740 | 0.6% |
| 12 | Connor, Clark & Lunn Investment Management Ltd. | 12,309 | $5,244,003 | 0.6% |
| 13 | AQR CAPITAL MANAGEMENT LLC | 9,490 | $4,043,024 | 0.5% |
| 14 | Qube Research & Technologies Ltd | 8,775 | $3,738,413 | 0.4% |
| 15 | JPMORGAN CHASE & CO | 7,850 | $3,433,040 | 0.4% |
Manager names and figures are transcribed from each manager's own Form 13F information table. A manager listing shares in this snapshot does not mean it holds them today.
Reported change, 2026-03-31 to 2026-06-30
| Quarter ended | Filed through | Reporting managers | Reported shares | Value as filed |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-29 | 114 | 2,038,952 | $649,736,721 |
| 2026-06-30 | 2026-08-31 | 114 | 1,996,561 | $843,006,661 |
Every change figure on this page is a reported quarter-over-quarter change between filing snapshots. It is not real-time trading activity.
BH reported totals over time
Quarter ended 2026-06-30: 114 reporting managers · 1,996,561 reported shares · $843,006,661 value as filed.
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Quarter-end 13F filed data, long positions only; filings arrive up to 45 days after quarter end.
CUSIPs behind the BH total
The validated bridge mapped 1 current CUSIP(s) to BH for this quarter: 08986R309. Option pseudo-CUSIPs, units, warrants, and preferred classes are excluded from these common-share totals. Mapping coverage in this publication set: 4562 of 6046 universe tickers have at least one validated CUSIP mapping (75.5%). Latest-quarter filed value resolved to any listed ticker: 77.3%; resolved to this universe: 77.2%.
What this page is and is not
Form 13F reports are quarterly holdings snapshots. Managers file up to about 45 days after quarter-end, so these figures describe reported positions as of the quarter-end date, not holdings today. 13F lists reportable long positions from managers above the SEC reporting threshold and omits short positions entirely.
This page is informational only. It is not investment advice, a recommendation, or a signal to buy or sell. Source: SEC Form 13F bulk data set for filings through 2026-08-31 (period ended 2026-06-30), joined to tickers through StockEyes' validated CUSIP bridge. Methodology and coverage are documented on the institutional ownership hub.
Insider transactions for BH (officer and director buys and sells) are covered by InsiderTrace: insidertrace.com/stock/bh. StockEyes does not duplicate insider transaction tables.
Related StockEyes pages
Latest headlines tagged BH are on the market news wire. Upcoming earnings and market dates are on the events calendar. The term itself is defined in the institutional investor glossary entry, and the research workflow behind pages like this one is walked through in how to research a stock and how to compare SEC filings.