BH-A · Biglari Holdings Inc. · Shareholders & Ownership

$1,573.88 -34.32 (-2.13%) At close · Nov 6

Russell 2000 member Rebalance outlook locked

Market Cap

$3.82B

2.43M

Volume · Nov 6 15.65K Avg daily vol (3M) 28.43K

Every disclosed holder of BH-A in one list: 13F institutions, Schedule 13D and 13G filers, insiders (Forms 3, 4 and 5) and registered funds, each from its own latest filing. Holders nest by CIK and SEC reporting links, never by name, and each is summed once.

How the holder list picks a filing →

Who Owns BH-A

13F quarter Sep 30, 2026, combined view: filers that have not filed yet carry their Jun 30, 2026 positions

Holder group	Holders	Shares	% Out	Summed
Institutional (13F)	128	2,194,346	90.40%	Yes
Insiders (Forms 3, 4, 5)	0	0	0.00%	No
13D/G-only blocks	0	0	0.00%	Yes
Remaining	—	233,061	9.60%	Rest
Registered funds (N-PORT, not summed)	79	28,936	1.19%	No

Shares outstanding: 2,427,407, the issuer's latest cover-page count restated onto today's split basis.

Insiders are listed but not summed: the issuer has more than one class of common stock and Forms 3, 4 and 5 report one issuer-wide balance across them.

13D/G-only counts each filer's latest 13D or 13G that no 13F report of the listing contains, that names no 13F filer and that no counted insider files. Funds are never summed: their shares sit inside their advisers' 13F reports.

Holders of BH-A

One row per holder Every filing By ultimate parent

All 13F Funds Insiders 13D/G Non-US

#	Holder	Shares	% Out	Change	As of	Notes
1	BIGLARI, SARDAR Insider CIK 1334430 · Jun 5, 2026 Director, Chairman and CEO, 10% Owner, issuer-wide, not summed	1,626,712	67.01%	+2,278	Jun 5, 2026	Director, Chairman and CEO, 10% Owner, issuer-wide, not summed
2	BIGLARI CAPITAL CORP. 13F CIK 1334429 · Registered investment adviser · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	1,626,711	67.01%	+54,952	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
3	DIMENSIONAL FUND ADVISORS LP 13F CIK 354204 · Registered investment adviser · Sep 30, 2026 Classes BH, BH-A	94,349	3.89%	-17,661	Sep 30, 2026	Classes BH, BH-A
3.1	U.S. Targeted Value Portfolio Fund S000000970 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	943	0.04%	0	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
3.2	U.S. MICRO CAP PORTFOLIO Fund S000000948 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	629	0.03%	+8	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
3.3	U.S. SMALL CAP VALUE PORTFOLIO Fund S000000987 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	552	0.02%	-626	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
3.4	Dimensional U.S. Targeted Value ETF Fund S000070901 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	379	0.02%	0	Jul 31, 2026	Dimensional ETF Trust, not summed
3.5	U.S. CORE EQUITY 2 PORTFOLIO Fund S000000980 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	308	0.01%	0	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
4	BlackRock, Inc. 13F CIK 2012383 · Holding company · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	51,549	2.12%	+3,813	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
4.1	iShares Russell 2000 ETF Fund S000004344 · Registered fund · Jun 30, 2026 iShares Trust, not summed	1,188	0.05%	—	Jun 30, 2026	iShares Trust, not summed
4.2	iShares Russell 2000 Value ETF Fund S000004342 · Registered fund · Jun 30, 2026 iShares Trust, not summed	527	0.02%	—	Jun 30, 2026	iShares Trust, not summed
4.3	iShares Micro-Cap ETF Fund S000004439 · Registered fund · Jun 30, 2026 iShares Trust, not summed	187	0.01%	—	Jun 30, 2026	iShares Trust, not summed
4.4	Master Small Cap Index Series Fund S000002716 · Registered fund · Jun 30, 2026 Quantitative Master Series LLC, not summed	106	0.00%	—	Jun 30, 2026	Quantitative Master Series LLC, not summed
4.5	iShares Morningstar Small-Cap Value ETF Fund S000004435 · Registered fund · Jul 31, 2026 iShares Trust, not summed	12	0.00%	+8	Jul 31, 2026	iShares Trust, not summed
5	TWO SIGMA INVESTMENTS, LP 13F CIK 1179392 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	50,618	2.09%	+42,023	Jun 30, 2026	carried, not yet filed for the newest quarter
6	RENAISSANCE TECHNOLOGIES LLC 13F CIK 1037389 · Registered investment adviser · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	34,692	1.43%	+7,190	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
7	MARSHALL WACE, LLP 13F CIK 1318757 · Exempt reporting adviser · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	33,252	1.37%	-1,313	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
8	VANGUARD CAPITAL MANAGEMENT LLC 13F CIK 2100119 · Registered investment adviser · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	30,622	1.26%	-1,260	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
9	MILLENNIUM MANAGEMENT LLC 13F CIK 1273087 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	26,774	1.10%	+8,272	Jun 30, 2026	carried, not yet filed for the newest quarter
10	GEODE CAPITAL MANAGEMENT, LLC 13F CIK 1214717 · Registered investment adviser · Sep 30, 2026 Classes BH, BH-A	15,340	0.63%	-1,471	Sep 30, 2026	Classes BH, BH-A
11	Trexquant Investment LP 13F CIK 1633445 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	14,559	0.60%	-9,498	Jun 30, 2026	carried, not yet filed for the newest quarter
12	STATE STREET CORP 13F CIK 93751 · Bank · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	13,681	0.56%	-822	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
12.1	State Street Total Return V.I.S. Fund Fund S000001637 · Registered fund · Jun 30, 2026 STATE STREET VARIABLE INSURANCE SERIES FUNDS INC, not summed	2	0.00%	—	Jun 30, 2026	STATE STREET VARIABLE INSURANCE SERIES FUNDS INC, not summed
13	Connor, Clark & Lunn Investment Management Ltd. 13F CIK 1596800 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	12,309	0.51%	+970	Jun 30, 2026	carried, not yet filed for the newest quarter
14	JANE STREET GROUP, LLC 13F CIK 1595888 · Unknown · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	11,176	0.46%	-6,233	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
15	GAMCO INVESTORS, INC. ET AL 13F CIK 807249 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	11,038	0.45%	-191	Jun 30, 2026	carried, not yet filed for the newest quarter
16	1290 VT GAMCO Small Company Value Portfolio Fund S000009151 · Registered fund · Jun 30, 2026 EQ Advisors Trust, not summed	9,500	0.39%	0	Jun 30, 2026	EQ Advisors Trust, not summed
17	AQR CAPITAL MANAGEMENT LLC 13F CIK 1167557 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	9,490	0.39%	+3,556	Jun 30, 2026	carried, not yet filed for the newest quarter
18	Qube Research & Technologies Ltd 13F CIK 1729829 · Exempt reporting adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	8,775	0.36%	-13,803	Jun 30, 2026	carried, not yet filed for the newest quarter
19	JPMORGAN CHASE & CO 13F CIK 19617 · Bank · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	7,873	0.32%	-4,435	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
20	VANGUARD PORTFOLIO MANAGEMENT LLC 13F CIK 2100121 · Registered investment adviser · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	7,706	0.32%	+108	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
21	CHARLES SCHWAB INVESTMENT MANAGEMENT INC 13F CIK 884546 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	7,703	0.32%	+864	Jun 30, 2026	carried, not yet filed for the newest quarter
22	NORTHERN TRUST CORP 13F CIK 73124 · Bank · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	7,607	0.31%	+533	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
22.1	Small Cap Index Fund Fund S000001245 · Registered fund · Jun 30, 2026 Northern Funds, not summed	28	0.00%	—	Jun 30, 2026	Northern Funds, not summed
23	HRT FINANCIAL LP 13F CIK 1475597 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	6,481	0.27%	+5,949	Jun 30, 2026	carried, not yet filed for the newest quarter
24	Pacer Advisors, Inc. 13F CIK 1616667 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	5,829	0.24%	+483	Jun 30, 2026	carried, not yet filed for the newest quarter
25	XTX Topco Ltd 13F CIK 1828301 · Unknown · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	5,464	0.23%	-6,076	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
26	Nuveen, LLC 13F CIK 1871926 · Unknown · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	5,232	0.22%	+987	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
26.1	Nuveen Small Cap Blend Index Fund Fund S000005367 · Registered fund · Jul 31, 2026 TIAA-CREF Funds, not summed	78	0.00%	—	Jul 31, 2026	TIAA-CREF Funds, not summed
27	UBS Group AG 13F CIK 1610520 · Bank · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	4,913	0.20%	+2,708	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
28	VANGUARD FIDUCIARY TRUST CO 13F CIK 933478 · Unknown · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	4,699	0.19%	+125	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
29	FIRST TRUST ADVISORS LP 13F CIK 1125816 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	4,481	0.18%	+4,481	Jun 30, 2026	carried, not yet filed for the newest quarter
29.1	First Trust Small Cap Growth AlphaDEX Fund Fund S000031806 · Registered fund · Jul 31, 2026 First Trust Exchange-Traded AlphaDEX Fund, not summed	2,452	0.10%	-228	Jul 31, 2026	First Trust Exchange-Traded AlphaDEX Fund, not summed
29.2	First Trust Small Cap Core AlphaDEX Fund Fund S000017339 · Registered fund · Jul 31, 2026 First Trust Exchange-Traded AlphaDEX Fund, not summed	828	0.03%	-368	Jul 31, 2026	First Trust Exchange-Traded AlphaDEX Fund, not summed
29.3	First Trust Multi Cap Growth AlphaDEX Fund Fund S000017343 · Registered fund · Jul 31, 2026 First Trust Exchange-Traded AlphaDEX Fund, not summed	224	0.01%	-27	Jul 31, 2026	First Trust Exchange-Traded AlphaDEX Fund, not summed
30	Point72 Asset Management, L.P. 13F CIK 1603466 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	4,189	0.17%	-1,506	Jun 30, 2026	carried, not yet filed for the newest quarter
31	GSA CAPITAL PARTNERS LLP 13F CIK 1362033 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	3,856	0.16%	+1,721	Jun 30, 2026	carried, not yet filed for the newest quarter
32	Y-Intercept (Hong Kong) Ltd 13F CIK 1772875 · Exempt reporting adviser · Sep 30, 2026	3,819	0.16%	-236	Sep 30, 2026
33	SUSQUEHANNA INTERNATIONAL GROUP, LLP 13F CIK 1446194 · Unknown · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	3,104	0.13%	+3,104	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
34	CITADEL ADVISORS LLC 13F CIK 1423053 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	2,980	0.12%	+2,980	Jun 30, 2026	carried, not yet filed for the newest quarter
35	MORGAN STANLEY 13F CIK 895421 · Holding company · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	2,944	0.12%	-565	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
36	STRS OHIO 13F CIK 820478 · Pension or benefit plan · Sep 30, 2026 Classes BH, BH-A	2,900	0.12%	+500	Sep 30, 2026	Classes BH, BH-A
37	CITIGROUP INC 13F CIK 831001 · Bank · Sep 30, 2026 Classes BH, BH-A	2,875	0.12%	+2,465	Sep 30, 2026	Classes BH, BH-A
38	BARCLAYS PLC 13F CIK 312069 · Bank · Sep 30, 2026 Classes BH, BH-A	2,828	0.12%	+242	Sep 30, 2026	Classes BH, BH-A
39	VICTORY CAPITAL MANAGEMENT INC 13F CIK 1040188 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	2,745	0.11%	+768	Jun 30, 2026	carried, not yet filed for the newest quarter
39.1	VictoryShares US Small Mid Cap Value Momentum ETF Fund S000065161 · Registered fund · Jun 30, 2026 Victory Portfolios II, not summed	2,745	0.11%	+768	Jun 30, 2026	Victory Portfolios II, not summed
40	BRIDGEWAY CAPITAL MANAGEMENT, LLC 13F CIK 1107261 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	2,625	0.11%	-2,360	Jun 30, 2026	carried, not yet filed for the newest quarter
41	O'SHAUGHNESSY ASSET MANAGEMENT, LLC 13F CIK 1423442 · Registered investment adviser · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	2,414	0.10%	-1,702	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
42	ALLIANCEBERNSTEIN L.P. 13F CIK 1109448 · Registered investment adviser · Jun 30, 2026 Classes BH, BH-A, carried, not yet filed for the newest quarter	2,131	0.09%	+1,200	Jun 30, 2026	Classes BH, BH-A, carried, not yet filed for the newest quarter
43	BANK OF AMERICA CORP /DE/ 13F CIK 70858 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	2,039	0.08%	+752	Jun 30, 2026	carried, not yet filed for the newest quarter
44	Bank of New York Mellon Corp 13F CIK 1390777 · Bank · Sep 30, 2026 Classes BH, BH-A	1,972	0.08%	-240	Sep 30, 2026	Classes BH, BH-A
45	Engineers Gate Manager LP 13F CIK 1620220 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	1,920	0.08%	+1,722	Jun 30, 2026	carried, not yet filed for the newest quarter
46	Invesco Ltd. 13F CIK 914208 · Investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,830	0.08%	-18,108	Jun 30, 2026	carried, not yet filed for the newest quarter
47	VANGUARD TOTAL STOCK MARKET INDEX FUND Fund S000002848 · Registered fund · Jun 30, 2026 VANGUARD INDEX FUNDS, not summed	1,729	0.07%	+270	Jun 30, 2026	VANGUARD INDEX FUNDS, not summed
48	Rathbones Group PLC 13F CIK 1351991 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	1,700	0.07%	0	Jun 30, 2026	carried, not yet filed for the newest quarter
49	Jump Financial, LLC 13F CIK 1831577 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	1,640	0.07%	+1,640	Jun 30, 2026	carried, not yet filed for the newest quarter
50	HSBC HOLDINGS PLC 13F CIK 873630 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	1,626	0.07%	+103	Jun 30, 2026	carried, not yet filed for the newest quarter

13 more nested rows are not shown here; Every filing lists them all.

Shares are restated onto today's split basis. Change compares each row with the same holder's previous filing in the same source; a dash means there is none to compare. Nested 13D/G, insider and fund rows are not summed, since a 13F report already holds them.

Showing 1–50 of 169 holders

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Key facts CIK 1726173 CUSIP 08986R408 13F (30d) 16 filings 16 filers Visit website Investor relations