Latest Period
Q1 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 Q1 2026
Institutions Reporting
43
Shares (Excl. Options)
202,757
Price
$1742.69
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- Security type / class
- Equity / Class A Common Stock, no par value
- Symbol
- BHA on NYSE
- All holders as of 31 Mar 2026
- Q1 2026
- Total 13F shares
- 202,757
- Total 13F value
- $353,343,078
- Portfolio coverage rank
- 0%
- Share change
- +9,122
- Value change
- +$15,900,835
- Number of holders
- 43
- Shares outstanding
- 206,834
- SEC-reported price per share
- $1464.15
- Insider filing price
- $1464.15
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.
- 43 institutions reported positions in Q1 2026.
- 1 significant owner is listed from Schedule 13D/13G reporting.
Change
- Holder count moved from 37 to 43 between Q4 2025 and Q1 2026.
- SEC-reported value moved from $337,062,143 to $353,343,078.
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 43 institutions filings for Q1 2026.
Security key
08986R408
Latest holder period
Q1 2026
13F holders
43
13D/G owners
1
CIK / CUSIP context first
Open Q1 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 31 Mar 2026, 43 institutional investors reported holding 202,757 shares of Biglari Holdings Inc. - Class A Common Stock, no par value (BHA). This represents 98% 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
97%
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| BIGLARI CAPITAL CORP. | 75% | 154,474 | 0% | 29% | $269,201,689 |
| GAMCO INVESTORS, INC. ET AL | 5.4% | 11,229 | -5.3% | 0.19% | $19,568,666 |
| DIMENSIONAL FUND ADVISORS LP | 2.8% | 5,793 | -1.1% | 0% | $10,094,626 |
| RENAISSANCE TECHNOLOGIES LLC | 2.8% | 5,760 | +36% | 0.02% | $10,037,894 |
| BlackRock, Inc. | 1.3% | 2,690 | +70% | 0% | $4,687,836 |
| MARSHALL WACE, LLP | 1.1% | 2,358 | +248% | 0% | $4,109,264 |
| Trexquant Investment LP | 1.1% | 2,347 | +27% | 0.03% | $4,090,093 |
| VANGUARD CAPITAL MANAGEMENT LLC | 1% | 2,127 | 0% | 0% | $3,706,702 |
| VICTORY CAPITAL MANAGEMENT INC | 0.96% | 1,977 | 0% | $3,445,298 | |
| CHECK CAPITAL MANAGEMENT INC/CA | 0.76% | 1,578 | -28% | 0.17% | $2,749,965 |
| GABELLI FUNDS LLC | 0.75% | 1,560 | 0% | 0.02% | $2,718,596 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 0.66% | 1,370 | +55% | 0% | $2,387,485 |
| MILLENNIUM MANAGEMENT LLC | 0.56% | 1,160 | +184% | 0% | $2,021,520 |
| GEODE CAPITAL MANAGEMENT, LLC | 0.51% | 1,062 | +23% | 0% | $1,851,418 |
| XTX Topco Ltd | 0.45% | 935 | 0.03% | $1,629,415 | |
| Balyasny Asset Management L.P. | 0.41% | 858 | +276% | 0% | $1,495,228 |
| Aquatic Capital Management LLC | 0.4% | 822 | +231% | 0.04% | $1,432,491 |
| UBS Group AG | 0.29% | 604 | +815% | 0% | $1,052,585 |
| STATE STREET CORP | 0.27% | 560 | -27% | 0% | $975,906 |
| HRT FINANCIAL LP | 0.26% | 532 | +105% | 0% | $927,000 |
| Point72 Asset Management, L.P. | 0.23% | 471 | +1.9% | 0% | $820,807 |
| GOLDMAN SACHS GROUP INC | 0.16% | 327 | -42% | 0% | $569,860 |
| VANGUARD FIDUCIARY TRUST CO | 0.15% | 302 | 0% | 0% | $526,292 |
| Quantbot Technologies LP | 0.13% | 263 | +839% | 0.02% | $458,327 |
| MORGAN STANLEY | 0.11% | 223 | +57% | 0% | $388,620 |
Quarter history
Institutional holders across reporting periods
Holder count, reported shares/value, and median price by quarter.
Periods
34
Latest
Q1 2026
Rows shown
1-25 of 34
| Period | 13F Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 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 |
| 2020 Q1 | 184,341 | $54,749,891 | -$584,232 | $297.00 | 27 |