Tower Research Capital LLC (TRC)

Position in BH-A — Biglari Holdings Inc.

CIK 1533421 NEW YORK, NY

Back to BH-A Full portfolio

Position in BH-A

as of Jun 30, 2026 · filed Aug 11, 2026 Compact

Position Value

$23,806

-$66,145 QoQ

Shares Held

-56.4% QoQ

Ownership

0.002%

of shares outstanding

% of Portfolio

0.00%

of 13F equity value

Holder Rank

#93

of 113 holders

Holding Since

Mar 2020

26 quarters on record

Voting authority Sole 100% Shared 0% None 0%

Common Shares in BH-A Over Time

Shares Held

Position Value (USD)

Position in Restaurants

Consumer Cyclical · as of Jun 30, 2026

Tower Research Capital LLC (TRC) holds $12,744,037 across 39 Restaurants names. BH-A ranks #27 (0.2% of the industry book) .

#	Ticker	Company	Shares	Value (USD)
1	MCD	Mcdonalds Corp	11,849	$3,202,903
2	SBUX	Starbucks Corp	21,693	$2,216,807
3	DPZ	Dominos Pizza Inc	4,003	$1,185,048
4	TXRH	Texas Roadhouse, Inc.	4,953	$957,067
5	DRI	Darden Restaurants Inc	4,152	$855,353
6	CMG	Chipotle Mexican Grill Inc	22,407	$761,838
7	BROS	Dutch Bros Inc.	9,584	$688,227
8	YUM	Yum Brands Inc	3,357	$536,649

All Filings in BH-A

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45 filing rows on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-06-30 BH	$19,597	46	-36.1%	Shares	Defined	2026-08-11
2026-06-30	$4,209	2	-94.7%	Shares	Defined	2026-08-11
2026-03-31 BH	$23,729	72	+60.0%	Shares	Other	2026-05-15
2026-03-31	$66,222	38	+11.8%	Shares	Defined	2026-05-15
2025-12-31 BH	$14,959	45	-28.6%	Shares	Defined	2026-02-17
2025-09-30 BH	$20,389	63	-24.1%	Shares	Other	2025-11-14
2025-09-30	$52,530	34	+1033.3%	Shares	Defined	2025-11-14
2025-06-30 BH	$24,253	83	-29.1%	Shares	Defined	2025-08-15
2025-03-31 BH	$25,335	117	+154.3%	Shares	Defined	2025-05-15
2024-12-31 BH	$11,697	46	-28.1%	Shares	Defined	2025-02-13
2024-12-31	$3,824	3	-66.7%	Shares	Defined	2025-02-13
2024-09-30 BH	$11,008	64	-42.9%	Shares	Defined	2024-11-14
2024-09-30	$7,491	9	+200.0%	Shares	Defined	2024-11-14
2024-06-30 BH	$21,658	112	+133.3%	Shares	Defined	2024-08-13
2024-06-30	$2,737	3	-75.0%	Shares	Defined	2024-08-13
2024-03-31 BH	$9,104	48	-70.7%	Shares	Defined	2024-05-15
2024-03-31	$11,621	12	-40.0%	Shares	Defined	2024-05-15
2023-12-31 BH	$27,048	164	+110.3%	Shares	Defined	2024-02-13
2023-12-31	$15,878	20	+5.3%	Shares	Defined	2024-02-13
2023-09-30 BH	$12,948	78	-54.9%	Shares	Other	2023-11-14
2023-06-30 BH	$34,105	173	-43.1%	Shares	Defined	2023-08-14
2023-03-31 BH	$51,436	304	+2433.3%	Shares	Defined	2023-05-09
2022-12-31 BH	$278	12	-94.1%	Shares	Other	2023-02-10
2022-12-31	$13,062	19	-32.1%	Shares	Defined	2023-02-10
2022-09-30 BH	$23,350	202	+53.0%	Shares	Other	2022-11-10
2022-09-30	$17,276	28	-3.4%	Shares	Defined	2022-11-10
2022-06-30 BH	$16,195	132	+33.3%	Shares	Other	2022-08-15
2022-06-30	$17,047	29	+262.5%	Shares	Defined	2022-08-15
2022-03-31 BH	$14,316	99	+32.0%	Shares	Defined	2022-05-12
2022-03-31	$5,840	8	-20.0%	Shares	Defined	2022-05-12
2021-12-31 BH	$10,692	75	+141.9%	Shares	Defined	2022-02-14
2021-12-31	$6,950	10	-66.7%	Shares	Defined	2022-02-14
2021-09-30 BH	$5,326	31	-92.6%	Shares	Defined	2021-11-15
2021-06-30 BH	$66,498	417	+202.2%	Shares	Defined	2021-08-16
2021-06-30	$23,370	30	+76.5%	Shares	Defined	2021-08-16
2021-03-31 BH	$18,320	138	-91.6%	Shares	Defined	2021-05-17
2021-03-31	$11,483	17	+41.7%	Shares	Defined	2021-05-17
2020-12-31 BH	$181,700	1,634	-61.1%	Shares	Other	2021-02-16
2020-12-31	$7,020	12	-86.0%	Shares	Defined	2021-02-16
2020-09-30 BH	$373,841	4,200	+206.1%	Shares	Defined	2020-11-16
2020-09-30	$41,950	86	-91.2%	Shares	Defined	2020-11-16
2020-06-30 BH	$94,640	1,372	+9046.7%	Shares	Defined	2020-08-13
2020-06-30	$326,625	975	+1377.3%	Shares	Other	2020-08-13
2020-03-31 BH	$771	15	—	Shares	Defined	2020-05-15
2020-03-31	$19,602	66	—	Shares	Defined	2020-05-15
No filing history on record for this holder in this stock.