Security key
08986R408
Biglari Holdings Inc. - Class A Common Stock, no par value (BHA)
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
Report period
Q4 2025
Institutions
37
Top holders
10
BHA full security history
Newer quarter: Q1 2026
Previous quarter: Q3 2025
Biglari Holdings Inc. SEC filings
Biglari Holdings Inc. company facts
Biglari Holdings Inc. 13D/G history
Broader feeds
Reporting periods
Holder history for CUSIP 08986R408
Recent filing periods:
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 first by SEC-reported ownership % when it is safely comparable, then by disclosed holdings 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 |
|---|---|---|---|---|---|---|---|---|
| LION FUND, L.P. |
13D/G
|
BIGLARI, SARDAR |
74%
|
153,678
|
$163,205,930 | $0 | 17 Dec 2024 | |
| GAMCO INVESTORS, INC. ET AL |
13F
|
Company |
5.9%
|
12,150
|
$18,771,750 | — | 30 Sep 2025 | |
| GABELLI FUNDS LLC |
13F
|
Company |
0.75%
|
1,560
|
$2,410,200 | — | 30 Sep 2025 | |
| CITADEL ADVISORS LLC |
13F
|
Company |
0.37%
|
764
|
$1,180,380 | — | 30 Sep 2025 | |
| Trexquant Investment LP |
13F
|
Company |
0.34%
|
707
|
$1,092,315 | — | 30 Sep 2025 | |
| MARSHALL WACE, LLP |
13F
|
Company |
0.32%
|
658
|
$1,016,610 | — | 30 Sep 2025 | |
| Quantbot Technologies LP |
13F
|
Company |
0.28%
|
587
|
$906,915 | — | 30 Sep 2025 | |
| Quadrature Capital Ltd |
13F
|
Company |
0.27%
|
560
|
$865,575 | — | 30 Sep 2025 | |
| XTX Topco Ltd |
13F
|
Company |
0.17%
|
356
|
$550,020 | — | 30 Sep 2025 | |
| ExodusPoint Capital Management, LP |
13F
|
Company |
0.13%
|
279
|
$431,055 | — | 30 Sep 2025 | |
| Marex Group plc |
13F
|
Company |
0.1%
|
202
|
$312,090 | — | 30 Sep 2025 | |
| OMERS ADMINISTRATION Corp |
13F
|
Company |
0.1%
|
200
|
$309,000 | — | 30 Sep 2025 | |
| Verition Fund Management LLC |
13F
|
Company |
0.08%
|
160
|
$247,200 | — | 30 Sep 2025 | |
| MILLENNIUM MANAGEMENT LLC |
13F
|
Company |
0.08%
|
159
|
$245,655 | — | 30 Sep 2025 | |
| BIGLARI CAPITAL CORP. |
13F
|
Company |
—
mixed-class rows
|
1,548,114
mixed-class rows
|
$688,741,737 | — | 30 Sep 2025 | |
| DIMENSIONAL FUND ADVISORS LP |
13F
|
Company |
—
mixed-class rows
|
106,623
mixed-class rows
|
$41,597,304 | — | 30 Sep 2025 | |
| BlackRock, Inc. |
13F
|
Company |
—
mixed-class rows
|
55,469
mixed-class rows
|
$19,862,733 | — | 30 Sep 2025 | |
| VANGUARD GROUP INC |
13F
|
Company |
—
mixed-class rows
|
41,069
mixed-class rows
|
$16,915,727 | — | 30 Sep 2025 | |
| Invesco Ltd. |
13F
|
Company |
—
class O/S missing
|
40,443
|
$13,089,377 | — | 30 Sep 2025 | |
| JPMORGAN CHASE & CO |
13F
|
Company |
—
class O/S missing
|
32,656
|
$10,569,114 | — | 30 Sep 2025 | |
| RENAISSANCE TECHNOLOGIES LLC |
13F
|
Company |
—
mixed-class rows
|
18,894
mixed-class rows
|
$10,411,752 | — | 30 Sep 2025 | |
| GEODE CAPITAL MANAGEMENT, LLC |
13F
|
Company |
—
mixed-class rows
|
15,343
mixed-class rows
|
$6,093,465 | — | 30 Sep 2025 | |
| STATE STREET CORP |
13F
|
Company |
—
mixed-class rows
|
16,462
mixed-class rows
|
$6,075,393 | — | 30 Sep 2025 | |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC |
13F
|
Company |
—
class O/S missing
|
16,944
|
$5,483,926 | — | 30 Sep 2025 | |
| MORGAN STANLEY |
13F
|
Company |
—
mixed-class rows
|
14,691
mixed-class rows
|
$4,912,566 | — | 30 Sep 2025 | |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP |
13F
|
Company |
—
mixed-class rows
|
14,691
mixed-class rows
|
$4,835,351 | — | 30 Sep 2025 | |
| Peapod Lane Capital LLC |
13F
|
Company |
—
class O/S missing
|
12,309
|
$3,984,200 | — | 30 Sep 2025 | |
| CHECK CAPITAL MANAGEMENT INC/CA |
13F
|
Company |
—
mixed-class rows
|
3,552
mixed-class rows
|
$3,851,231 | — | 30 Sep 2025 | |
| TWO SIGMA INVESTMENTS, LP |
13F
|
Company |
—
class O/S missing
|
11,563
|
$3,742,365 | — | 30 Sep 2025 | |
| Connor, Clark & Lunn Investment Management Ltd. |
13F
|
Company |
—
class O/S missing
|
11,028
|
$3,569,212 | — | 30 Sep 2025 | |
| Empowered Funds, LLC |
13F
|
Company |
—
class O/S missing
|
10,744
|
$3,477,296 | — | 30 Sep 2025 | |
| Qube Research & Technologies Ltd |
13F
|
Company |
—
mixed-class rows
|
5,533
mixed-class rows
|
$2,672,570 | — | 30 Sep 2025 | |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC |
13F
|
Company |
—
class O/S missing
|
7,211
|
$2,333,840 | — | 30 Sep 2025 | |
| NORTHERN TRUST CORP |
13F
|
Company |
—
class O/S missing
|
7,129
|
$2,307,301 | — | 30 Sep 2025 | |
| Pacer Advisors, Inc. |
13F
|
Company |
—
class O/S missing
|
6,470
|
$2,094,016 | — | 30 Sep 2025 | |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC |
13F
|
Company |
—
class O/S missing
|
6,103
|
$1,975,236 | — | 30 Sep 2025 | |
| GOLDMAN SACHS GROUP INC |
13F
|
Company |
—
mixed-class rows
|
4,296
mixed-class rows
|
$1,585,816 | — | 30 Sep 2025 | |
| Cubist Systematic Strategies, LLC |
13F
|
Company |
—
mixed-class rows
|
3,129
mixed-class rows
|
$1,548,795 | — | 30 Sep 2025 | |
| HRT FINANCIAL LP |
13F
|
Company |
—
mixed-class rows
|
1,804
mixed-class rows
|
$1,352,000 | — | 30 Sep 2025 | |
| UBS Group AG |
13F
|
Company |
—
mixed-class rows
|
4,009
mixed-class rows
|
$1,320,719 | — | 30 Sep 2025 | |
| Nuveen, LLC |
13F
|
Company |
—
class O/S missing
|
3,677
|
$1,190,061 | — | 30 Sep 2025 | |
| RITHOLTZ WEALTH MANAGEMENT |
13F
|
Company |
—
class O/S missing
|
3,657
|
$1,183,588 | — | 30 Sep 2025 | |
| AQR CAPITAL MANAGEMENT LLC |
13F
|
Company |
—
class O/S missing
|
3,179
|
$1,028,883 | — | 30 Sep 2025 | |
| Jump Financial, LLC |
13F
|
Company |
—
class O/S missing
|
2,980
|
$964,477 | — | 30 Sep 2025 | |
| Semanteon Capital Management, LP |
13F
|
Company |
—
mixed-class rows
|
1,924
mixed-class rows
|
$838,882 | — | 30 Sep 2025 | |
| LOS ANGELES CAPITAL MANAGEMENT LLC |
13F
|
Company |
—
class O/S missing
|
2,548
|
$824,660 | — | 30 Sep 2025 | |
| Rathbones Group PLC |
13F
|
Company |
—
class O/S missing
|
2,300
|
$744,395 | — | 30 Sep 2025 | |
| GSA CAPITAL PARTNERS LLP |
13F
|
Company |
—
class O/S missing
|
2,300
|
$744,000 | — | 30 Sep 2025 | |
| BARCLAYS PLC |
13F
|
Company |
—
class O/S missing
|
2,152
|
$696,495 | — | 30 Sep 2025 | |
| MARTINGALE ASSET MANAGEMENT L P |
13F
|
Company |
—
class O/S missing
|
2,152
|
$696,495 | — | 30 Sep 2025 |
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
39
Q4 2025 holders
37
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.
An asterisk sign (*) next to the price indicates that the price is likely invalid.