Biglari Holdings Inc. - Class A Common Stock, no par value (BHA)

Historical Holders from Q1 2016 to Q3 2025

Symbol
BHA on NYSE
Type / Class
Equity / Class A Common Stock, no par value
Shares outstanding
206,834
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares, excl. options
192,352
Holdings value
$297,184,820
% of all portfolios
0%
Number of holders
39
Number of buys
28
Number of sells
8
Average buys %
+0%
Average sells %
-0%
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of Biglari Holdings Inc. - Class A Common Stock, no par value (BHA) based on Schedule 13D/G filings

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 Sep 2025 Biglari Holdings Inc. - Class A Common Stock, no par value (BHA) has 39 institutional shareholders that have filed 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 192,352 shares of 206,834 outstanding shares and own 93% of the company stock as of 30 Sep 2025.

Top 25 institutional shareholders of Biglari Holdings Inc. - Class A Common Stock, no par value (BHA) own 93% of the company based on 13F filings as of 30 Sep 2025

Filer Ownership Nb Shares Share Change % Portfolio % Holdings Value
BIGLARI CAPITAL CORP. 74% 153,677 0% 26% $237,432,202
GAMCO INVESTORS, INC. ET AL 5.9% 12,150 -5.1% 0.18% $18,771,750
DIMENSIONAL FUND ADVISORS LP 2.8% 5,804 +9.6% 0% $8,967,171
RENAISSANCE TECHNOLOGIES LLC 1.7% 3,518 +665% 0.01% $5,435,310
VANGUARD GROUP INC 1.4% 2,967 +1.5% 0% $4,584,015
CHECK CAPITAL MANAGEMENT INC/CA 1.1% 2,212 -4.3% 0.22% $3,417,540
BlackRock, Inc. 0.76% 1,564 0% 0% $2,416,380
GABELLI FUNDS LLC 0.75% 1,560 -0.64% 0.02% $2,410,200
GEODE CAPITAL MANAGEMENT, LLC 0.45% 922 +23% 0% $1,425,095
CITADEL ADVISORS LLC 0.37% 764 0% $1,180,380
Qube Research & Technologies Ltd 0.35% 722 0% $1,115,490
Trexquant Investment LP 0.34% 707 0.01% $1,092,315
MARSHALL WACE, LLP 0.32% 658 0% $1,016,610
HRT FINANCIAL LP 0.3% 630 +64% 0% $973,000
STATE STREET CORP 0.3% 612 +112% 0% $945,540
Quantbot Technologies LP 0.28% 587 0.02% $906,915
Quadrature Capital Ltd 0.27% 560 0.01% $865,575
Cubist Systematic Strategies, LLC 0.21% 439 +31% 0.01% $678,255
XTX Topco Ltd 0.17% 356 0.03% $550,020
ExodusPoint Capital Management, LP 0.13% 279 0.01% $431,055
Engineers Gate Manager LP 0.13% 260 0% $401,700
Marex Group plc 0.1% 202 0% $312,090
OMERS ADMINISTRATION Corp 0.1% 200 0% $309,000
Semanteon Capital Management, LP 0.09% 177 0.34% $273,465
GOLDMAN SACHS GROUP INC 0.08% 160 +2.6% 0% $247,200

Institutional Holders of Biglari Holdings Inc. - Class A Common Stock, no par value (BHA) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price Investors
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
2019 Q4 184,642 $110,785,800 +$3,042,635 $600.00 29
2019 Q3 179,584 $100,780,295 -$1,241,710 $561.21 30
2019 Q2 182,101 $96,608,897 -$1,428,080 $530.51 35
2019 Q1 183,179 $134,717,444 +$1,027,843 $735.47 46
2018 Q4 182,873 $107,341,526 -$522,579 $587.60 50
2018 Q3 182,553 $168,171,532 -$1,145,555 $922.06 57
2018 Q2 183,523 $174,354,600 +$174,348,900 $950.05 65
2016 Q2 0 $0 -$1,000 0
2016 Q1 1 $1,000 $1000.00 1