How many institutions held BHA - Biglari Holdings Inc. - Class A Common Stock, no par value in Q4 2025?

37 institutional investors reported BHA - Biglari Holdings Inc. - Class A Common Stock, no par value for Q4 2025. Use the holders table for investor-level position and value details.

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

Q: What does CUSIP 08986R408 represent in this 13F holders report?

CUSIP 08986R408 is the security identifier for BHA - Biglari Holdings Inc. - Class A Common Stock, no par value used to aggregate holder disclosures.

CUSIP: 08986R408

Q4 2025 13F Holders as of 31 Dec 2025

Type / Class: Equity / Class A Common Stock, no par value
Shares outstanding: 206,834
Total 13F shares: 193,707
Share change: +1,756
Total reported value: $337,062,143
Price per share: $1740.05
Number of holders: 37
Value change: +$3,452,135
Number of buys: 23
Number of sells: 18

Quarterly Holders Quick Answers

What is CUSIP 08986R408?
CUSIP 08986R408 identifies BHA - Biglari Holdings Inc. - Class A Common Stock, no par value in SEC institutional holdings data.

Need full ownership history?
Open the full security ownership history page.

Next holder-history checks

These links keep the next click tied to holder verification, nearby quarters, or outside-13F ownership context.

Back to full security ownership history for the broader multi-quarter picture.
Latest 13F filings for newly reported positions across managers.
Latest Schedule 13D/13G reports for ownership changes outside the 13F cadence.
SEC investors directory for manager drilldown.

Explore More Reporting Periods

Jump to adjacent filing periods for faster comparison and easier crawl discovery.

Newer quarter: Q1 2026
Previous quarter: Q3 2025

Recent filing periods for CUSIP 08986R408:

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024

Top shareholders of BHA - Biglari Holdings Inc. - Class A Common Stock, no par value (13F + 13D/G + 3/4/5)

Grouped by holder across the latest SEC ownership disclosures. Ownership % is shown only when it is directly reported or safely comparable across share classes.

Methodology: rows are grouped by holder and ranked by the holder's primary source value. — indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.

Holder	Source	Role / Reporting	Ownership %	Shares	Holdings Value	12M Net Δ	As of	Details
BIGLARI CAPITAL CORP.	13F	Company	— mixed-class rows	1,548,114 mixed-class rows	$688,741,737	—	30 Sep 2025	13F
LION FUND, L.P.	13D/G	BIGLARI, SARDAR	74%	153,678	$163,205,930	$0	17 Dec 2024	13D/G
DIMENSIONAL FUND ADVISORS LP	13F	Company	— mixed-class rows	106,623 mixed-class rows	$41,597,304	—	30 Sep 2025	13F
BlackRock, Inc.	13F	Company	— mixed-class rows	55,469 mixed-class rows	$19,862,733	—	30 Sep 2025	13F
GAMCO INVESTORS, INC. ET AL	13F	Company	5.9%	12,150	$18,771,750	—	30 Sep 2025	13F
VANGUARD GROUP INC	13F	Company	— mixed-class rows	41,069 mixed-class rows	$16,915,727	—	30 Sep 2025	13F
Invesco Ltd.	13F	Company	— class O/S missing	40,443	$13,089,377	—	30 Sep 2025	13F
JPMORGAN CHASE & CO	13F	Company	— class O/S missing	32,656	$10,569,114	—	30 Sep 2025	13F
RENAISSANCE TECHNOLOGIES LLC	13F	Company	— mixed-class rows	18,894 mixed-class rows	$10,411,752	—	30 Sep 2025	13F
GEODE CAPITAL MANAGEMENT, LLC	13F	Company	— mixed-class rows	15,343 mixed-class rows	$6,093,465	—	30 Sep 2025	13F
STATE STREET CORP	13F	Company	— mixed-class rows	16,462 mixed-class rows	$6,075,393	—	30 Sep 2025	13F
BRIDGEWAY CAPITAL MANAGEMENT, LLC	13F	Company	— class O/S missing	16,944	$5,483,926	—	30 Sep 2025	13F
MORGAN STANLEY	13F	Company	— mixed-class rows	14,691 mixed-class rows	$4,912,566	—	30 Sep 2025	13F
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	13F	Company	— mixed-class rows	14,691 mixed-class rows	$4,835,351	—	30 Sep 2025	13F
Peapod Lane Capital LLC	13F	Company	— class O/S missing	12,309	$3,984,200	—	30 Sep 2025	13F
CHECK CAPITAL MANAGEMENT INC/CA	13F	Company	— mixed-class rows	3,552 mixed-class rows	$3,851,231	—	30 Sep 2025	13F
TWO SIGMA INVESTMENTS, LP	13F	Company	— class O/S missing	11,563	$3,742,365	—	30 Sep 2025	13F
Connor, Clark & Lunn Investment Management Ltd.	13F	Company	— class O/S missing	11,028	$3,569,212	—	30 Sep 2025	13F
Empowered Funds, LLC	13F	Company	— class O/S missing	10,744	$3,477,296	—	30 Sep 2025	13F
Qube Research & Technologies Ltd	13F	Company	— mixed-class rows	5,533 mixed-class rows	$2,672,570	—	30 Sep 2025	13F
GABELLI FUNDS LLC	13F	Company	0.75%	1,560	$2,410,200	—	30 Sep 2025	13F
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	13F	Company	— class O/S missing	7,211	$2,333,840	—	30 Sep 2025	13F
NORTHERN TRUST CORP	13F	Company	— class O/S missing	7,129	$2,307,301	—	30 Sep 2025	13F
Pacer Advisors, Inc.	13F	Company	— class O/S missing	6,470	$2,094,016	—	30 Sep 2025	13F
O'SHAUGHNESSY ASSET MANAGEMENT, LLC	13F	Company	— class O/S missing	6,103	$1,975,236	—	30 Sep 2025	13F
GOLDMAN SACHS GROUP INC	13F	Company	— mixed-class rows	4,296 mixed-class rows	$1,585,816	—	30 Sep 2025	13F
Cubist Systematic Strategies, LLC	13F	Company	— mixed-class rows	3,129 mixed-class rows	$1,548,795	—	30 Sep 2025	13F
HRT FINANCIAL LP	13F	Company	— mixed-class rows	1,804 mixed-class rows	$1,352,000	—	30 Sep 2025	13F
UBS Group AG	13F	Company	— mixed-class rows	4,009 mixed-class rows	$1,320,719	—	30 Sep 2025	13F
Nuveen, LLC	13F	Company	— class O/S missing	3,677	$1,190,061	—	30 Sep 2025	13F
RITHOLTZ WEALTH MANAGEMENT	13F	Company	— class O/S missing	3,657	$1,183,588	—	30 Sep 2025	13F
CITADEL ADVISORS LLC	13F	Company	0.37%	764	$1,180,380	—	30 Sep 2025	13F
Trexquant Investment LP	13F	Company	0.34%	707	$1,092,315	—	30 Sep 2025	13F
AQR CAPITAL MANAGEMENT LLC	13F	Company	— class O/S missing	3,179	$1,028,883	—	30 Sep 2025	13F
MARSHALL WACE, LLP	13F	Company	0.32%	658	$1,016,610	—	30 Sep 2025	13F
Jump Financial, LLC	13F	Company	— class O/S missing	2,980	$964,477	—	30 Sep 2025	13F
Quantbot Technologies LP	13F	Company	0.28%	587	$906,915	—	30 Sep 2025	13F
Quadrature Capital Ltd	13F	Company	0.27%	560	$865,575	—	30 Sep 2025	13F
Semanteon Capital Management, LP	13F	Company	— mixed-class rows	1,924 mixed-class rows	$838,882	—	30 Sep 2025	13F
LOS ANGELES CAPITAL MANAGEMENT LLC	13F	Company	— class O/S missing	2,548	$824,660	—	30 Sep 2025	13F
Rathbones Group PLC	13F	Company	— class O/S missing	2,300	$744,395	—	30 Sep 2025	13F
GSA CAPITAL PARTNERS LLP	13F	Company	— class O/S missing	2,300	$744,000	—	30 Sep 2025	13F
BARCLAYS PLC	13F	Company	— class O/S missing	2,152	$696,495	—	30 Sep 2025	13F
MARTINGALE ASSET MANAGEMENT L P	13F	Company	— class O/S missing	2,152	$696,495	—	30 Sep 2025	13F
Engineers Gate Manager LP	13F	Company	— mixed-class rows	984 mixed-class rows	$636,023	—	30 Sep 2025	13F
Bank of New York Mellon Corp	13F	Company	— class O/S missing	1,929	$624,321	—	30 Sep 2025	13F
LPL Financial LLC	13F	Company	— class O/S missing	1,914	$619,466	—	30 Sep 2025	13F
STRS OHIO	13F	Company	— class O/S missing	1,800	$582,570	—	30 Sep 2025	13F
XTX Topco Ltd	13F	Company	0.17%	356	$550,020	—	30 Sep 2025	13F
STATE OF WISCONSIN INVESTMENT BOARD	13F	Company	— class O/S missing	1,588	$513,956	—	30 Sep 2025	13F

Institutional Holders of Biglari Holdings Inc. - Class A Common Stock, no par value (BHA) as of Q4 2025

As of 31 Dec 2025, Biglari Holdings Inc. - Class A Common Stock, no par value (BHA) was held by 37 institutional shareholders that filed Form 13F with the SEC. Together, they reported ownership of 193,707 shares. The largest 10 holders included BIGLARI CAPITAL CORP., GAMCO INVESTORS, INC. ET AL, DIMENSIONAL FUND ADVISORS LP, RENAISSANCE TECHNOLOGIES LLC, VANGUARD GROUP INC, CHECK CAPITAL MANAGEMENT INC/CA, Trexquant Investment LP, BlackRock, Inc., GABELLI FUNDS LLC, and ARROWSTREET CAPITAL, LIMITED PARTNERSHIP. This page lists 37 institutional shareholders reporting positions in this security for the Q4 2025 filing period.

Investor	Option	Weight %	Change %	Value $	* Price	Shares	Share Change	Activity	Report Period

Compare Q4 2025 vs Q3 2025 Across Filers

Q3 2025 holders

Q4 2025 holders

Holder diff

-2

Investor	Q3 2025 Shares	Q4 2025 Shares	Share Diff	Share Chg %	Q3 2025 Value $	Q4 2025 Value $	Value Diff $	Value Chg %

Trend: ostatnie 8 kwartałów (+ wybrane okresy porównania).

Quarterly Holders Trend

Quarterly Value Trend

Quarterly Shares Trend

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.