Latest Period
Q2 2026
Security Snapshot
Biglari Holdings Inc. - Class A Common Stock, no par value (BHA) Institutional Ownership
CUSIP: 08986R408
13F Institutional Holders and Ownership History from Q1 2016 to Q2 2026
Institutions Reporting
59
Shares (Excl. Options)
215,540
Price
$2104.68
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- Security type / class
- Equity / Class A Common Stock, no par value
- Symbol
- BHA on NYSE
- All holders as of 30 Jun 2026
- Q2 2026
- Total 13F shares
- 215,540
- Total 13F value
- $453,571,378
- Portfolio coverage rank
- 0%
- Share change
- +12,767
- Value change
- +$29,590,664
- Number of holders
- 59
- Shares outstanding
- 206,834
- SEC-reported price per share
- $1987.95
- Insider filing price
- $1987.95
Latest holder snapshot
5 signals
Issuer context
Names, identifiers, and filing context for this profile.
3 identity fields
13F Shares, Excluding Options vs Price
13F Value, Excluding Options
Total Investors
Key facts
- BHA - Biglari Holdings Inc. - Class A Common Stock, no par value is tracked under CUSIP 08986R408.
- 59 institutions reported positions in Q2 2026.
- 1 significant owner is listed from Schedule 13D/13G reporting.
Change
- Holder count moved from 43 to 59 between Q1 2026 and Q2 2026.
- SEC-reported value moved from $353,343,078 to $453,571,378.
Research use
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Evidence
Source: SEC Form 13F
Open SEC evidence
Latest holder context comes from 59 institutions filings for Q2 2026.
Security key
08986R408
Latest holder period
Q2 2026
13F holders
59
13D/G owners
1
CIK / CUSIP context first
Open Q2 2026 holders
BHA full holder history
Biglari Holdings Inc. SEC filings
Biglari Holdings Inc. company facts
Biglari Holdings Inc. insider transactions
Biglari Holdings Inc. 13D/G history
Broader feeds
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 08986R408:
13D/G owners
Significant owners
Large-stake holder rows connected to Schedule 13D/G evidence.
Rows
1
Security
BHA
| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| LION FUND, L.P. | 74% | $163,205,930 | 153,678 | BIGLARI, SARDAR | 17 Dec 2024 |
As of 30 Jun 2026, 59 institutional investors reported holding 215,540 shares of Biglari Holdings Inc. - Class A Common Stock, no par value (BHA). This represents 104% of the company’s total 206,834 outstanding shares.
13F concentration
Top 25 institutional shareholders
Largest 13F positions for this security by reported shares and value.
Top holder share
103%
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| BIGLARI CAPITAL CORP. | 75% | 154,474 | 0% | 27% | $325,120,022 |
| GAMCO INVESTORS, INC. ET AL | 5.3% | 11,038 | -1.7% | 0.21% | $23,231,458 |
| RENAISSANCE TECHNOLOGIES LLC | 2.9% | 6,065 | +5.3% | 0.02% | $12,764,884 |
| DIMENSIONAL FUND ADVISORS LP | 2.8% | 5,753 | -0.69% | 0% | $12,108,797 |
| BlackRock, Inc. | 2.6% | 5,414 | +101% | 0% | $11,394,737 |
| JANE STREET GROUP, LLC | 2.4% | 5,048 | 0.01% | $10,624,425 | |
| FIRST TRUST ADVISORS LP | 2.2% | 4,481 | 0.01% | $9,431,071 | |
| UBS Group AG | 1.6% | 3,296 | +446% | 0% | $6,937,025 |
| VICTORY CAPITAL MANAGEMENT INC | 1.3% | 2,745 | +39% | 0% | $5,777,347 |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.2% | 2,437 | +15% | 0% | $5,129,105 |
| MARSHALL WACE, LLP | 1.1% | 2,236 | -5.2% | 0% | $4,706,064 |
| GEODE CAPITAL MANAGEMENT, LLC | 0.91% | 1,889 | +78% | 0% | $3,976,620 |
| CHECK CAPITAL MANAGEMENT INC/CA | 0.76% | 1,562 | -1% | 0.19% | $3,287,510 |
| GABELLI FUNDS LLC | 0.75% | 1,560 | 0% | 0.02% | $3,283,301 |
| DARK FOREST CAPITAL MANAGEMENT LP | 0.52% | 1,067 | 0.14% | $2,245,694 | |
| XTX Topco Ltd | 0.47% | 969 | +3.6% | 0.03% | $2,039,435 |
| STATE STREET CORP | 0.42% | 875 | +56% | 0% | $1,841,595 |
| NORTHERN TRUST CORP | 0.22% | 446 | +216% | 0% | $938,687 |
| STRS OHIO | 0.19% | 400 | 0% | $841,872 | |
| Balyasny Asset Management L.P. | 0.19% | 395 | -54% | 0% | $831,349 |
| VANGUARD FIDUCIARY TRUST CO | 0.18% | 373 | +24% | 0% | $785,046 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 0.18% | 362 | 0% | $761,894 | |
| Bank of New York Mellon Corp | 0.11% | 229 | 0% | $481,972 | |
| GOLDMAN SACHS GROUP INC | 0.11% | 223 | -32% | 0% | $469,344 |
| MORGAN STANLEY | 0.1% | 205 | -8.1% | 0% | $431,460 |
Quarter history
Institutional holders across reporting periods
Holder count, reported shares/value, and median price by quarter.
Periods
35
Latest
Q2 2026
Rows shown
1-25 of 35
| Period | 13F Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q2 | 215,540 | $453,571,378 | +$29,590,664 | $2104.68 | 59 |
| 2026 Q1 | 202,757 | $353,343,078 | +$15,900,835 | $1742.69 | 43 |
| 2025 Q4 | 193,707 | $337,062,143 | +$3,452,135 | $1740.05 | 37 |
| 2025 Q3 | 192,352 | $297,184,820 | +$14,425,061 | $1545.00 | 39 |
| 2025 Q2 | 183,050 | $256,336,204 | +$853,879 | $1400.36 | 27 |
| 2025 Q1 | 182,440 | $200,683,648 | +$352,891 | $1099.99 | 22 |
| 2024 Q4 | 182,093 | $232,166,803 | +$7,729,263 | $1274.99 | 24 |
| 2024 Q3 | 176,031 | $146,522,225 | -$139,747 | $832.36 | 23 |
| 2024 Q2 | 176,196 | $160,780,251 | +$260,979 | $912.50 | 22 |
| 2024 Q1 | 175,910 | $170,027,929 | +$401,506 | $925.00 | 20 |
| 2023 Q4 | 175,516 | $139,348,227 | +$253,968 | $793.93 | 18 |
| 2023 Q3 | 175,149 | $146,352,902 | -$339,932 | $836.85 | 18 |
| 2023 Q2 | 175,559 | $166,781,311 | -$850,918 | $950.00 | 19 |
| 2023 Q1 | 176,464 | $146,924,027 | +$350,353 | $831.00 | 20 |
| 2022 Q4 | 176,043 | $121,054,277 | -$813,615 | $689.00 | 17 |
| 2022 Q3 | 177,218 | $108,396,160 | -$68,398 | $580.14 | 18 |
| 2022 Q2 | 177,336 | $104,241,176 | -$2,512,982 | $587.69 | 18 |
| 2022 Q1 | 181,145 | $131,611,431 | +$112,674 | $707.02 | 25 |
| 2021 Q4 | 181,017 | $125,806,070 | -$1,818,760 | $695.00 | 23 |
| 2021 Q3 | 183,638 | $150,582,960 | +$1,640,948 | $820.00 | 24 |
| 2021 Q2 | 167,844 | $130,752,558 | -$3,150,917 | $779.38 | 23 |
| 2021 Q1 | 187,369 | $126,570,372 | -$1,043,415 | $675.45 | 39 |
| 2020 Q4 | 189,013 | $110,571,870 | +$1,047,749 | $584.95 | 41 |
| 2020 Q3 | 187,226 | $91,328,732 | +$1,829,680 | $487.87 | 34 |
| 2020 Q2 | 183,921 | $61,614,010 | +$62,442 | $334.98 | 34 |