BH Biglari Holdings Inc.: institutional ownership and insider trading
118 funds reported holding $869M of Biglari Holdings Inc. in their latest 13F filings; in Q2 2026 funds net sold $20.0M, with 22 new positions and 24 funds selling out; over the last 12 months insiders bought $22.4M and sold $0 on the open market; over its last four quarters it reported revenue of $406M and net income of −$29.7M.
BH revenue and earnings
- Quarter ended Jun 30, 2026: revenue $109M, net income $39.9M
- Quarter ended Mar 31, 2026: revenue $97.5M, net income −$14.5M
- Quarter ended Dec 31, 2025: revenue $99.9M, net income −$49.9M
- Quarter ended Sep 30, 2025: revenue $99.7M, net income −$5.29M
Famous investors holding BH
- Two Sigma (Two Sigma Investments): $21.6M, 0.0% of the portfolio
- Renaissance Technologies (Renaissance Technologies): $12.2M, 0.0% of the portfolio
- Izzy Englander (Millennium Management): $11.4M, 0.0% of the portfolio
- Ken Griffin (Citadel Advisors): $1.27M, 0.0% of the portfolio
- D. E. Shaw (D. E. Shaw & Co.): $434K, 0.0% of the portfolio
Largest institutional holders of BH
- BIGLARI CAPITAL CORP. — $627M
- DIMENSIONAL FUND ADVISORS LP — $45.3M
- TWO SIGMA INVESTMENTS, LP — $21.6M
- BlackRock, Inc. (BLK) — $19.7M
- VANGUARD GROUP INC — $13.3M
- MARSHALL WACE, LLP — $13.2M
- RENAISSANCE TECHNOLOGIES LLC — $12.2M
- VANGUARD CAPITAL MANAGEMENT LLC — $12.0M
- MILLENNIUM MANAGEMENT LLC — $11.4M
- GEODE CAPITAL MANAGEMENT, LLC — $6.36M
Recent BH insider trades
- Jun 5, 2026: Biglari, Sardar bought 2,278 shares ($659K)
- May 14, 2026: Biglari, Sardar bought 52,674 shares ($13.4M)
- Mar 13, 2026: Biglari, Sardar bought 2,810 shares ($849K)
- Mar 9, 2026: Biglari, Sardar bought 3,320 shares ($1000K)
5%+ owners
- GAMCO Asset Management Inc.: 5.7% (Schedule 13D/A, filed Oct 21, 2025)