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

CUSIP: 08986R408

Q1 2026 13F Holders as of 31 Mar 2026

Type / Class
Equity / Class A Common Stock, no par value
Shares outstanding
206,834
Total 13F shares
202,757
Share change
+9,122
Total reported value
$353,343,078
Price per share
$1742.69
Number of holders
43
Value change
+$15,900,835
Number of buys
28
Number of sells
10

Security key

08986R408

Report period

Q1 2026

Institutions

43

Top holders

10

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. Start with the largest verified stakes, then open the linked filing trail.

13D/G 13F
Lead reported holder
74% from 13D/G
Large-stake signal
13D/G evidence reports 74%
Evidence coverage
50 holder rows
Latest evidence as of 31 Dec 2025. Highest disclosed value: $736,711,707.
How to read this table

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 Evidence Ownership % Position 12M Net Δ As of
LION FUND, L.P.
13D/G
BIGLARI, SARDAR
74%
$163,205,930
153,678 shares
$0 17 Dec 2024
GAMCO INVESTORS, INC. ET AL
13F
Company
13F
5.7%
$20,631,773
11,857 shares
31 Dec 2025
GABELLI FUNDS LLC
13F
Company
13F
0.75%
$2,714,478
1,560 shares
31 Dec 2025
OMERS ADMINISTRATION Corp
13F
Company
13F
0.24%
$870,025
500 shares
31 Dec 2025
JANE STREET GROUP, LLC
13F
Company
13F
0.19%
$697,761
401 shares
31 Dec 2025
HRT FINANCIAL LP
13F
Company
13F
0.13%
$452,000
260 shares
31 Dec 2025
Aquatic Capital Management LLC
13F
Company
13F
0.12%
$431,532
248 shares
31 Dec 2025
Quantbot Technologies LP
13F
Company
13F
0.01%
$48,721
28 shares
31 Dec 2025
BIGLARI CAPITAL CORP.
13F
Company
13F
mixed-class rows
$736,711,707
1,562,042 shares
mixed-class rows
31 Dec 2025
DIMENSIONAL FUND ADVISORS LP
13F
Company
13F
mixed-class rows
$44,162,246
108,046 shares
mixed-class rows
31 Dec 2025
BlackRock, Inc.
13F
Company
13F
mixed-class rows
$19,316,847
51,422 shares
mixed-class rows
31 Dec 2025
VANGUARD GROUP INC
13F
Company
13F
mixed-class rows
$17,613,947
42,425 shares
mixed-class rows
31 Dec 2025
RENAISSANCE TECHNOLOGIES LLC
13F
Company
13F
mixed-class rows
$11,007,169
15,200 shares
mixed-class rows
31 Dec 2025
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP
13F
Company
13F
mixed-class rows
$9,863,171
25,931 shares
mixed-class rows
31 Dec 2025
Invesco Ltd.
13F
Company
13F
class O/S missing
$7,982,642
24,013 shares
31 Dec 2025
Qube Research & Technologies Ltd
13F
Company
13F
mixed-class rows
$6,799,461
20,403 shares
mixed-class rows
31 Dec 2025
GEODE CAPITAL MANAGEMENT, LLC
13F
Company
13F
mixed-class rows
$6,362,195
15,492 shares
mixed-class rows
31 Dec 2025
BRIDGEWAY CAPITAL MANAGEMENT, LLC
13F
Company
13F
class O/S missing
$5,876,033
17,676 shares
31 Dec 2025
Trexquant Investment LP
13F
Company
13F
mixed-class rows
$5,866,389
9,805 shares
mixed-class rows
31 Dec 2025
JPMORGAN CHASE & CO
13F
Company
13F
mixed-class rows
$5,779,646
16,319 shares
mixed-class rows
31 Dec 2025
STATE STREET CORP
13F
Company
13F
mixed-class rows
$5,715,948
13,934 shares
mixed-class rows
31 Dec 2025
Point72 Asset Management, L.P.
13F
Company
13F
mixed-class rows
$4,357,580
11,152 shares
mixed-class rows
31 Dec 2025
CHECK CAPITAL MANAGEMENT INC/CA
13F
Company
13F
mixed-class rows
$4,273,566
3,540 shares
mixed-class rows
31 Dec 2025
MILLENNIUM MANAGEMENT LLC
13F
Company
13F
mixed-class rows
$4,216,412
10,956 shares
mixed-class rows
31 Dec 2025
Peapod Lane Capital LLC
13F
Company
13F
class O/S missing
$4,121,800
12,399 shares
31 Dec 2025
GOLDMAN SACHS GROUP INC
13F
Company
13F
mixed-class rows
$4,029,028
9,736 shares
mixed-class rows
31 Dec 2025
Empowered Funds, LLC
13F
Company
13F
class O/S missing
$3,858,515
11,607 shares
31 Dec 2025
CITADEL ADVISORS LLC
13F
Company
13F
mixed-class rows
$3,766,446
9,179 shares
mixed-class rows
31 Dec 2025
Connor, Clark & Lunn Investment Management Ltd.
13F
Company
13F
class O/S missing
$3,664,043
11,022 shares
31 Dec 2025
TWO SIGMA INVESTMENTS, LP
13F
Company
13F
class O/S missing
$2,544,419
7,654 shares
31 Dec 2025
NORTHERN TRUST CORP
13F
Company
13F
mixed-class rows
$2,442,377
6,750 shares
mixed-class rows
31 Dec 2025
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
13F
Company
13F
class O/S missing
$2,335,986
7,027 shares
31 Dec 2025
MORGAN STANLEY
13F
Company
13F
mixed-class rows
$2,242,306
6,143 shares
mixed-class rows
31 Dec 2025
Pacer Advisors, Inc.
13F
Company
13F
class O/S missing
$2,027,491
6,099 shares
31 Dec 2025
AQR CAPITAL MANAGEMENT LLC
13F
Company
13F
class O/S missing
$1,948,704
5,862 shares
31 Dec 2025
O'SHAUGHNESSY ASSET MANAGEMENT, LLC
13F
Company
13F
class O/S missing
$1,743,595
5,245 shares
31 Dec 2025
UBS Group AG
13F
Company
13F
mixed-class rows
$1,418,634
3,988 shares
mixed-class rows
31 Dec 2025
MARSHALL WACE, LLP
13F
Company
13F
mixed-class rows
$1,412,045
1,381 shares
mixed-class rows
31 Dec 2025
RITHOLTZ WEALTH MANAGEMENT
13F
Company
13F
class O/S missing
$1,162,508
3,497 shares
31 Dec 2025
Nuveen, LLC
13F
Company
13F
class O/S missing
$1,121,619
3,374 shares
31 Dec 2025
LOS ANGELES CAPITAL MANAGEMENT LLC
13F
Company
13F
class O/S missing
$916,761
2,532 shares
31 Dec 2025
OCCUDO QUANTITATIVE STRATEGIES LP
13F
Company
13F
class O/S missing
$791,516
2,381 shares
31 Dec 2025
STATE OF WISCONSIN INVESTMENT BOARD
13F
Company
13F
class O/S missing
$786,529
2,366 shares
31 Dec 2025
SUSQUEHANNA INTERNATIONAL GROUP, LLP
13F
Company
13F
class O/S missing
$771,570
2,321 shares
31 Dec 2025
Rathbones Group PLC
13F
Company
13F
class O/S missing
$764,589
2,300 shares
31 Dec 2025
CAXTON ASSOCIATES LLP
13F
Company
13F
class O/S missing
$706,746
2,126 shares
31 Dec 2025
LPL Financial LLC
13F
Company
13F
class O/S missing
$682,146
2,052 shares
31 Dec 2025
BALYASNY ASSET MANAGEMENT L.P.
13F
Company
13F
mixed-class rows
$654,032
1,002 shares
mixed-class rows
31 Dec 2025
STRS OHIO
13F
Company
13F
class O/S missing
$598,374
1,800 shares
31 Dec 2025
Bank of New York Mellon Corp
13F
Company
13F
class O/S missing
$592,889
1,784 shares
31 Dec 2025

13F holder rows

Institutional holders as of Q1 2026

Investor-level positions for this CUSIP, loaded as an interactive table.

Institutions
43
Shares
202,757
Rows loaded
43
Investor Option Weight % Change % Value $ * Price Shares Share Change Activity Report Period

Compare Q1 2026 vs Q4 2025 Across Filers

Q4 2025 holders
37
Q1 2026 holders
43
Holder diff
6
Investor Q4 2025 Shares Q1 2026 Shares Share Diff Share Chg % Q4 2025 Value $ Q1 2026 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.
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