DaveManuel.com · Institutional Ownership · Who Owns It
BIGLARI HLDGS INC (BH)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
113
Reporting holders
$850.5M
Reported value
0.0%
Calls
0.0%
Puts
-2
Holder change
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| BIGLARI CAPITAL CORP. | $627.2M | 1,472,237 | 52.50% | 31q | +3.9%+$23.4M |
| DIMENSIONAL FUND ADVISORS LP | $45.3M | 106,257 | 0.01% | 31q | +3.9%+$1.7M |
| TWO SIGMA INVESTMENTS, LP | $21.6M | 50,618 | 0.02% | 5q | +488.9%+$17.9M |
| BlackRock, Inc. | $19.7M | 46,135 | 0.00% | 8q | +2.4%+$463.9K |
| MARSHALL WACE, LLP | $13.2M | 31,016 | 0.01% | 3q | -3.7%-$507.4K |
| RENAISSANCE TECHNOLOGIES LLC | $12.2M | 28,627 | 0.02% | 14q | +31.7%+$2.9M |
| VANGUARD CAPITAL MANAGEMENT LLC | $12.0M | 28,185 | 0.00% | 2q | -5.3%-$668.9K |
| MILLENNIUM MANAGEMENT LLC | $11.4M | 26,774 | 0.00% | 3q | +54.4%+$4.0M |
| GEODE CAPITAL MANAGEMENT, LLC | $6.4M | 14,922 | 0.00% | 31q | +7.9%+$463.6K |
| Trexquant Investment LP | $6.2M | 14,559 | 0.04% | 3q | -32.9%-$3.0M |
| STATE STREET CORP | $5.5M | 12,806 | 0.00% | 31q | -8.2%-$484.4K |
| Connor, Clark & Lunn Investment Management Ltd. | $5.2M | 12,309 | 0.01% | 31q | +8.6%+$413.2K |
| AQR CAPITAL MANAGEMENT LLC | $4.0M | 9,490 | 0.00% | 5q | +59.9%+$1.5M |
| Qube Research & Technologies Ltd | $3.7M | 8,775 | 0.00% | 4q | -60.9%-$5.8M |
| JPMORGAN CHASE & CO | $3.4M | 7,850 | 0.00% | 31q | -36.2%-$1.9M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $3.3M | 7,703 | 0.00% | 31q | +12.6%+$368.1K |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3.1M | 7,344 | 0.00% | 2q | -3.3%-$108.2K |
| NORTHERN TRUST CORP | $3.1M | 7,161 | 0.00% | 31q | +3.3%+$97.1K |
| HRT FINANCIAL LP | $2.8M | 6,481 | 0.01% | new | NEW |
| JANE STREET GROUP, LLC | $2.6M | 6,128 | 0.00% | 2q | -64.8%-$4.8M |
| Pacer Advisors, Inc. | $2.5M | 5,829 | 0.01% | 4q | +9.0%+$205.7K |
| Nuveen, LLC | $2.1M | 5,039 | 0.00% | 6q | +18.7%+$338.3K |
| XTX Topco Ltd | $1.9M | 4,495 | 0.02% | 2q | -57.6%-$2.6M |
| VANGUARD FIDUCIARY TRUST CO | $1.8M | 4,326 | 0.00% | 2q | +1.3%+$23.0K |
| Point72 Asset Management, L.P. | $1.8M | 4,189 | 0.00% | 4q | -19.8%-$440.9K |
| Y-Intercept (Hong Kong) Ltd | $1.7M | 4,055 | 0.03% | 2q | -4.8%-$87.3K |
| GSA CAPITAL PARTNERS LLP | $1.6M | 3,856 | 0.10% | 11q | +80.6%+$733.3K |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1.3M | 2,982 | 0.00% | new | NEW |
| CITADEL ADVISORS LLC | $1.3M | 2,980 | 0.00% | new | NEW |
| MORGAN STANLEY | $1.2M | 2,739 | 0.00% | 33q | -16.6%-$233.1K |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $1.1M | 2,625 | 0.02% | 27q | -47.3%-$1.0M |
| BARCLAYS PLC | $1.1M | 2,570 | 0.00% | 31q | +12.8%+$124.0K |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $1.0M | 2,408 | 0.00% | 27q | -41.4%-$725.1K |
| BANK OF AMERICA CORP /DE/ | $868.7K | 2,039 | 0.00% | 31q | +58.4%+$320.4K |
| STRS OHIO | $852.1K | 2,000 | 0.00% | 30q | +5.3%+$42.6K |
| Bank of New York Mellon Corp | $844.7K | 1,983 | 0.00% | 31q | +18.5%+$132.1K |
| Engineers Gate Manager LP | $818.0K | 1,920 | 0.01% | new | NEW |
| Invesco Ltd. | $779.6K | 1,830 | 0.00% | 5q | -90.8%-$7.7M |
| Rathbones Group PLC | $724.3K | 1,700 | 0.00% | 12q | -50.0%-$724.3K |
| RITHOLTZ WEALTH MANAGEMENT | $712.3K | 1,672 | 0.01% | 14q | -33.4%-$357.4K |
| HSBC HOLDINGS PLC | $702.2K | 1,626 | 0.00% | 3q | +6.8%+$44.5K |
| Jump Financial, LLC | $698.7K | 1,640 | 0.01% | new | NEW |
| UBS Group AG | $688.9K | 1,617 | 0.00% | 15q | +1.0%+$6.8K |
| Centiva Capital, LP | $668.9K | 1,570 | 0.01% | new | NEW |
| Lotus Technology Management, LP | $653.5K | 1,534 | 0.80% | new | NEW |
| ALLIANCEBERNSTEIN L.P. | $636.4K | 1,931 | 0.00% | 5q | +107.4%+$329.6K |
| STATE OF WISCONSIN INVESTMENT BOARD | $633.5K | 1,487 | 0.00% | new | NEW |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $618.2K | 1,451 | 0.00% | 15q | HELD |
| LPL Financial LLC | $481.4K | 1,130 | 0.00% | 7q | HELD |
| AMERICAN CENTURY COMPANIES INC | $475.4K | 1,116 | 0.00% | 5q | HELD |
| MARTINGALE ASSET MANAGEMENT L P | $469.1K | 1,101 | 0.01% | 23q | HELD |
| INCEPTIONR LLC | $446.5K | 1,048 | 0.11% | new | NEW |
| D. E. Shaw & Co., Inc. | $434.1K | 1,019 | 0.00% | 2q | -81.7%-$1.9M |
| OCCUDO QUANTITATIVE STRATEGIES LP | $432.0K | 1,014 | 0.02% | 5q | +25.0%+$86.5K |
| Dynamic Technology Lab Private Ltd | $392.0K | 921 | 0.09% | new | NEW |
| Susquehanna Portfolio Strategies, LLC | $363.4K | 853 | 0.01% | new | NEW |
| RHUMBLINE ADVISERS | $363.4K | 853 | 0.00% | 14q | HELD |
| DEUTSCHE BANK AG\ | $286.3K | 672 | 0.00% | 7q | +60.4%+$107.8K |
| Squarepoint Ops LLC | $282.5K | 663 | 0.00% | new | NEW |
| WELLS FARGO & COMPANY/MN | $252.6K | 593 | 0.00% | 31q | +108.1%+$131.2K |
| CANADA PENSION PLAN INVESTMENT BOARD | $238.6K | 560 | 0.00% | new | NEW |
| PRICE T ROWE ASSOCIATES INC /MD/ | $206.0K | 482 | 0.00% | new | NEW |
| MetLife Investment Management, LLC | $187.9K | 441 | 0.00% | 7q | HELD |
| Russell Investments Group, Ltd. | $182.3K | 428 | 0.00% | 5q | +315.5%+$138.5K |
| NEW YORK STATE COMMON RETIREMENT FUND | $181.5K | 426 | 0.00% | 31q | HELD |
| BARTLETT & CO. WEALTH MANAGEMENT LLC | $167.0K | 392 | 0.00% | 6q | HELD |
| CITIGROUP INC | $161.0K | 378 | 0.00% | 31q | +20.0%+$26.8K |
| State of Alaska, Department of Revenue | $150.0K | 353 | 0.00% | 4q | HELD |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO | $136.0K | 320 | 0.00% | 31q | HELD |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $134.2K | 315 | 0.00% | 9q | -3.1%-$4.3K |
| SG Americas Securities, LLC | $130.0K | 306 | 0.00% | 2q | -79.8%-$514.5K |
| BNP PARIBAS FINANCIAL MARKETS | $96.3K | 226 | 0.00% | 31q | +39.5%+$27.3K |
| Police & Firemen's Retirement System of New Jersey | $72.9K | 171 | 0.00% | 6q | HELD |
| FMR LLC | $56.8K | 133 | 0.00% | 16q | -43.6%-$44.0K |
| ROYAL BANK OF CANADA | $48.0K | 112 | 0.00% | 26q | +30.2%+$11.1K |
| Vanguard Global Advisers, LLC | $46.0K | 108 | 0.00% | 2q | -33.7%-$23.4K |
| Rockefeller Capital Management L.P. | $36.2K | 85 | 0.00% | 3q | HELD |
| Legal & General Group Plc | $33.7K | 79 | 0.00% | 31q | +21.5%+$6.0K |
| SIGNATUREFD, LLC | $31.5K | 74 | 0.00% | new | NEW |
| FIFTH THIRD BANCORP | $29.8K | 70 | 0.00% | 2q | HELD |
| JONES FINANCIAL COMPANIES LLLP | $27.1K | 67 | 0.00% | 6q | -53.1%-$30.7K |
| Ameritas Investment Partners, Inc. | $23.9K | 56 | 0.00% | 31q | HELD |
| Larson Financial Group LLC | $21.3K | 50 | 0.00% | 27q | HELD |
| SIMS INVESTMENT MANAGEMENT, LLC | $21.3K | 50 | 0.01% | new | NEW |
| Tower Research Capital LLC (TRC) | $19.6K | 46 | 0.00% | 27q | -36.1%-$11.1K |
| HOEY INVESTMENTS, INC | $16.6K | 39 | 0.00% | 11q | HELD |
| Parallel Advisors, LLC | $13.2K | 31 | 0.00% | 2q | +1450.0%+$12.4K |
| Global Retirement Partners, LLC | $13.2K | 31 | 0.00% | 8q | +63.2%+$5.1K |
| Farther Finance Advisors, LLC | $11.6K | 27 | 0.00% | 3q | -15.6%-$2.1K |
| North Star Investment Management Corp. | $11.1K | 26 | 0.00% | 28q | HELD |
| Sterling Capital Management LLC | $10.2K | 24 | 0.00% | 8q | -27.3%-$3.8K |
| MPWM ADVISORY SOLUTIONS, LLC | $8.5K | 20 | 0.00% | 2q | HELD |
| Allworth Financial LP | $6.4K | 15 | 0.00% | 2q | +275.0%+$4.7K |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $5.5K | 13 | 0.00% | 2q | -99.6%-$1.3M |
| OSAIC HOLDINGS, INC. | $5.5K | 13 | 0.00% | 23q | -97.2%-$191.3K |
| US BANCORP \DE\ | $5.1K | 12 | 0.00% | new | NEW |
| EverSource Wealth Advisors, LLC | $5.1K | 12 | 0.00% | 6q | +9.1% |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | $4.7K | 11 | 0.00% | 2q | HELD |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $3.8K | 9 | 0.00% | 31q | -75.7%-$11.9K |
| Arax Advisory Partners | $3.4K | 8 | 0.00% | new | NEW |
Showing the largest 100 of 113 reported holders.
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Ten percent owners and entities
Usually an institution that crossed a reporting threshold, or a company taking a strategic stake, rather than an individual with a view.
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-05-12 | BIGLARI, SARDAR | Chairman and CEO | Bought | 22,965 | $5.7M |
| 2026-05-13 | BIGLARI, SARDAR | Chairman and CEO | Bought | 15,358 | $4.0M |
| 2026-05-14 | BIGLARI, SARDAR | Chairman and CEO | Bought | 14,351 | $3.7M |
| 2026-06-04 | BIGLARI, SARDAR | Chairman and CEO | Bought | 1,743 | $499.8K |
| 2026-06-05 | BIGLARI, SARDAR | Chairman and CEO | Bought | 535 | $159.0K |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 14 | $1.5M | 4,266 | 2 | 4 | 3 | 0.0% |
| Q2 2026 | 113 | $850.5M | 1,996,513 | 22 | 34 | 30 | 0.0% |
| Q1 2026 | 115 | $652.3M | 1,979,905 | 23 | 28 | 31 | 0.0% |
| Q4 2025 | 106 | $643.3M | 1,934,765 | 21 | 32 | 30 | 0.0% |
| Q3 2025 | 97 | $623.3M | 1,925,859 | 17 | 29 | 23 | 0.0% |
| Q2 2025 | 92 | $534.8M | 1,830,033 | 23 | 22 | 24 | 0.0% |
| Q1 2025 | 75 | $389.0M | 1,796,417 | 12 | 23 | 18 | 0.0% |
| Q4 2024 | 75 | $454.5M | 1,787,162 | 13 | 25 | 14 | 0.0% |
| Q3 2024 | 69 | $293.1M | 1,704,109 | 7 | 20 | 13 | 0.0% |
| Q2 2024 | 72 | $328.8M | 1,700,276 | 8 | 23 | 13 | 0.0% |
| Q1 2024 | 68 | $324.2M | 1,709,263 | 5 | 21 | 20 | 0.0% |
| Q4 2023 | 68 | $279.1M | 1,692,388 | 4 | 27 | 11 | 0.0% |
| Q3 2023 | 67 | $275.8M | 1,661,704 | 6 | 17 | 22 | 0.0% |
| Q2 2023 | 72 | $330.3M | 1,675,274 | 7 | 20 | 22 | 0.0% |
| Q1 2023 | 72 | $280.2M | 1,655,821 | 15 | 20 | 19 | 0.0% |
| Q4 2022 | 60 | $226.8M | 1,634,255 | 8 | 14 | 19 | 0.0% |
| Q3 2022 | 51 | $191.9M | 1,659,788 | 4 | 11 | 18 | 0.0% |
| Q2 2022 | 56 | $205.6M | 1,675,431 | 3 | 9 | 26 | 0.0% |
| Q1 2022 | 64 | $246.6M | 1,704,465 | 9 | 6 | 27 | 0.0% |
| Q4 2021 | 60 | $244.7M | 1,716,364 | 1 | 20 | 18 | 0.0% |
| Q3 2021 | 73 | $294.0M | 1,711,445 | 9 | 18 | 23 | 0.0% |
| Q2 2021 | 69 | $272.1M | 1,706,330 | 8 | 16 | 27 | 0.0% |
| Q1 2021 | 68 | $229.3M | 1,727,115 | 8 | 17 | 25 | 0.0% |
| Q4 2020 | 61 | $193.2M | 1,734,504 | 13 | 13 | 19 | 0.0% |
| Q3 2020 | 52 | $155.4M | 1,745,519 | 4 | 13 | 20 | 0.0% |
| Q2 2020 | 57 | $120.9M | 1,752,227 | 8 | 15 | 19 | 0.0% |
| Q1 2020 | 54 | $89.7M | 1,744,883 | 6 | 20 | 15 | 0.0% |
| Q4 2019 | 63 | $202.4M | 1,769,059 | 15 | 19 | 17 | 0.0% |
| Q3 2019 | 54 | $194.1M | 1,781,003 | 4 | 22 | 14 | 0.0% |
| Q2 2019 | 58 | $184.6M | 1,777,031 | 6 | 22 | 17 | 0.0% |
| Q1 2019 | 68 | $250.4M | 1,771,432 | 12 | 15 | 25 | 0.0% |
| Q4 2018 | 70 | $205.2M | 1,807,046 | 2 | 0 | 2 | 0.0% |