Biglari Holdings Inc. (BH) Ownership
BH ownership summary
as of October 18, 2026- Institutions
- 95.2% of shares outstanding
- Insiders
- 0.43% of shares outstanding
- Shares outstanding
- 2.1M
- Float
- 185K shares available to trade
- Short interest
- 3.64% 160K shares short
- Days to cover
- 1.05 short interest up 9.4% vs prior month
- Institutions 95.24%
- Insiders 0.43%
- Other investors 4.33%
BH top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | Biglari Capital Corp. | 46.23% | 1.5M | $639.0M | +54,952 (+3.9%) | June 30, 2026 |
| 2 | Dimensional Fund Advisors, Inc. | 3.34% | 106K | $46.1M | +4,010 (+3.9%) | June 30, 2026 |
| 3 | Two Sigma Investments LLC | 1.59% | 51K | $22.0M | +42,023 (+488.9%) | June 30, 2026 |
| 4 | BlackRock Inc | 1.45% | 46K | $20.0M | +1,089 (+2.4%) | June 30, 2026 |
| 5 | Marshall Wace Asset Management Ltd | 0.97% | 31K | $13.5M | −1,191 (−3.7%) | June 30, 2026 |
| 6 | Renaissance Technologies Corp | 0.90% | 29K | $12.4M | +6,885 (+31.7%) | June 30, 2026 |
| 7 | Vanguard Capital Management, LLC | 0.89% | 28K | $12.2M | −1,570 (−5.3%) | June 30, 2026 |
| 8 | Millennium Management LLC | 0.84% | 27K | $11.6M | +9,432 (+54.4%) | June 30, 2026 |
| 9 | Geode Capital Management, LLC | 0.47% | 15K | $6.5M | +1,088 (+7.9%) | June 30, 2026 |
| 10 | Trexquant Investment LP | 0.46% | 15K | $6.3M | −7,151 (−32.9%) | June 30, 2026 |
| 11 | State Street Corp | 0.40% | 13K | $5.6M | −1,137 (−8.2%) | June 30, 2026 |
| 12 | Connor Clark & Lunn Inv Mgmt Ltd | 0.39% | 12K | $5.3M | +970 (+8.6%) | June 30, 2026 |
| 13 | AQR Capital Management LLC | 0.30% | 9,490 | $4.1M | +3,556 (+59.9%) | June 30, 2026 |
| 14 | Qube Research & Technologies | 0.28% | 8,775 | $3.8M | −13,640 (−60.9%) | June 30, 2026 |
| 15 | JPMorgan Chase & Co | 0.25% | 7,850 | $3.4M | −4,458 (−36.2%) | June 30, 2026 |
| 16 | Charles Schwab Investment Management Inc | 0.24% | 7,703 | $3.3M | +864 (+12.6%) | June 30, 2026 |
| 17 | Vanguard Portfolio Management, LLC | 0.23% | 7,344 | $3.2M | −254 (−3.3%) | June 30, 2026 |
| 18 | Northern Trust Corp | 0.22% | 7,161 | $3.1M | +228 (+3.3%) | June 30, 2026 |
| 19 | HRT FINANCIAL LLC | 0.20% | 6,481 | $2.8M | +6,481 (0.0%) | June 30, 2026 |
| 20 | Jane Street Group LLC | 0.19% | 6,128 | $2.7M | −11,281 (−64.8%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 12 holders added 132K shares and 8 cut 41K.
BH top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | Vanguard MStar Total Stk Mkt Idx Invest | 0.64% | 20K | $8.8M | — | August 31, 2026 |
| 2 | iShares Russell 2000 ETF | 0.59% | 19K | $8.2M | −192 (−1.0%) | September 30, 2026 |
| 3 | DFA US Targeted Value I | 0.49% | 15K | $6.7M | — | August 31, 2026 |
| 4 | DFA US Small Cap Value I | 0.45% | 14K | $6.3M | −28 (−0.2%) | August 31, 2026 |
| 5 | Dimensional US Targeted Value ETF | 0.37% | 12K | $5.1M | — | September 30, 2026 |
| 6 | DFA US Small Cap I | 0.35% | 11K | $4.9M | — | August 31, 2026 |
| 7 | DFA US Micro Cap I | 0.25% | 8,094 | $3.5M | +168 (+2.1%) | August 31, 2026 |
| 8 | Dimensional US Small Cap ETF | 0.25% | 7,889 | $3.4M | — | September 30, 2026 |
| 9 | Dimensional US Small Cap Value ETF | 0.24% | 7,747 | $3.4M | — | September 24, 2026 |
| 10 | Fidelity Small Cap Index | 0.22% | 6,944 | $3.0M | +30 (+0.4%) | July 31, 2026 |
| 11 | iShares Russell 2000 Value ETF | 0.19% | 6,173 | $2.7M | +10 (+0.2%) | September 30, 2026 |
| 12 | Dimensional US Core Equity 2 ETF | 0.16% | 5,241 | $2.3M | — | September 30, 2026 |
| 13 | Schwab US Small-Cap ETF™ | 0.15% | 4,628 | $2.0M | — | September 30, 2026 |
| 14 | Vanguard Russell 2000 ETF | 0.12% | 3,933 | $1.7M | +10 (+0.3%) | September 30, 2026 |
| 15 | VT Holland Advisors Equity I GBP Acc | 0.10% | 3,100 | $1.3M | — | September 30, 2026 |
| 16 | DFA US Core Equity 1 I | 0.09% | 2,951 | $1.3M | — | August 31, 2026 |
| 17 | DFA US Core Equity 2 I | 0.09% | 2,750 | $1.2M | +307 (+12.6%) | August 31, 2026 |
| 18 | JPMorgan Small Cap Value I | 0.08% | 2,654 | $1.2M | — | August 31, 2026 |
| 19 | Bridgeway Omni Small-Cap Value N | 0.08% | 2,625 | $1.1M | −2,360 (−47.3%) | June 30, 2026 |
| 20 | Vanguard Consumer Discretionary ETF | 0.08% | 2,428 | $1.1M | +64 (+2.7%) | September 30, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
BH insider transactions
latest 14| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2026-03-13 | Sardar Biglari | Buy | $302.20 | 2,810 | $849,182 |
| 2026-03-09 | Sardar Biglari | Buy | $301.06 | 3,320 | $999,519 |
| 2026-03-06 | Sardar Biglari | Buy | $307.20 | 2,441 | $749,875 |
| 2026-03-03 | Sardar Biglari | Buy | $331.15 | 1,146 | $379,498 |
| 2025-12-17 | Sardar Biglari | Buy | $463.34 | 3,452 | $1.6M |
| 2025-12-15 | Sardar Biglari | Buy | $698.01 | 212 | $147,978 |
| 2025-12-12 | Sardar Biglari | Buy | $333.14 | 449 | $149,580 |
| 2025-12-10 | Sardar Biglari | Buy | $321.94 | 310 | $99,801 |
| 2025-12-09 | Sardar Biglari | Buy | $319.08 | 938 | $299,297 |
| 2025-12-08 | Sardar Biglari | Buy | $315.08 | 973 | $306,573 |
| 2025-12-05 | Sardar Biglari | Buy | $306.90 | 1,465 | $449,608 |
| 2025-12-04 | Sardar Biglari | Buy | $306.05 | 1,139 | $348,591 |
| 2025-12-03 | Sardar Biglari | Buy | $303.32 | 2,802 | $849,903 |
| 2025-11-24 | Sardar Biglari | Buy | $393.35 | 2,032 | $799,287 |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
BH shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns BH
Institutional investors own 95.2% of Biglari Holdings's shares and insiders 0.43%. The largest holder is Biglari Capital Corp. with 46.23% of the shares (1.5M), as of June 30, 2026. Among the top 20 institutions, 12 added shares and 8 reduced their stake in the latest filings. Short interest is 3.64% of the float, or 1.05 days of average trading volume. The share count rose 10.1% since 2014.
Related: BH key metrics. See the BH stock overview for the latest quote and news.
BH ownership FAQ
Who owns the most Biglari Holdings stock?
The largest shareholders of Biglari Holdings are Biglari Capital Corp. (46.23%), Dimensional Fund Advisors, Inc. (3.34%), Two Sigma Investments LLC (1.59%), BlackRock Inc (1.45%), Marshall Wace Asset Management Ltd (0.97%).
What percentage of Biglari Holdings is owned by institutions?
Institutions hold 95.2% of Biglari Holdings's shares outstanding; insiders hold 0.43%.
Which funds own Biglari Holdings?
The largest fund holders of Biglari Holdings are Vanguard MStar Total Stk Mkt Idx Invest (0.64%), iShares Russell 2000 ETF (0.59%), DFA US Targeted Value I (0.49%), DFA US Small Cap Value I (0.45%), Dimensional US Targeted Value ETF (0.37%).
What is Biglari Holdings's short interest?
160K shares of Biglari Holdings were sold short, 3.64% of the float; at the average daily volume it would take 1.05 days to cover.
Are insiders buying or selling Biglari Holdings?
Of the latest 14 reported insider transactions in Biglari Holdings (since November 24, 2025), 14 were purchases and 0 were sales.
How many shares of Biglari Holdings are outstanding?
Biglari Holdings has 2.1M shares outstanding, of which 185K are in the public float.