Biglari Holdings Inc.
Biglari Holdings Inc. (BH) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · BH · as of Sep 30, 2024
Ownership Breakdown
69
Institutional Holders
▼ 3 vs Q2
$292.98M
Total Inst. Value
▼ $35.71M vs Q2
3.14M
Shares Outstanding
freeFloat 99.55%
1.70M
13F Shares Held
▲ 3,556 vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
BH largest shareholders · institutional ownership
Q3 2024 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
BIGLARI CAPITAL CORP. retail-eating places | 1.35M | 96.39% | 96.39% | $232.05B | Nov 14, 2024 | — held |
DIMENSIONAL FUND ADVISORS LP retail-eating places | 90.9K | 6.49% | 6.49% | $15.63B | Nov 7, 2024 | ▲ 1.1K |
BLACKROCK, INC. retail-eating places | 55.1K | 3.94% | 3.94% | $9.48B | Nov 13, 2024 | NEW |
VANGUARD GROUP INC retail-eating places | 41.1K | 2.94% | 2.94% | $7.07B | Nov 13, 2024 | ▲ 2.2K |
NUVEEN ASSET MANAGEMENT, LLC retail-eating places | 16.7K | 1.19% | 1.19% | $2.87B | Nov 14, 2024 | ▲ 35 |
GEODE CAPITAL MANAGEMENT, LLC retail-eating places | 16.0K | 1.15% | 1.15% | $2.76B | Nov 12, 2024 | ▼ 84 |
BRIDGEWAY CAPITAL MANAGEMENT, LLC retail-eating places | 15.3K | 1.09% | 1.09% | $2.63B | Nov 14, 2024 | ▲ 402 |
ACUITAS INVESTMENTS, LLC retail-eating places | 14.4K | 1.03% | 1.03% | $2.47B | Nov 7, 2024 | ▲ 1.8K |
STATE STREET CORP retail-eating places | 12.8K | 91.59% | 91.59% | $2.20B | Nov 14, 2024 | ▲ 64 |
CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. retail-eating places | 11.8K | 84.23% | 84.23% | $2.03B | Nov 8, 2024 | ▲ 4 |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2024 vs prior quarter
Q3 2024
20
Increased
+9.2K shares4
New Positions
first time holders12
Decreased
−8.6K shares0
Sold Out
fully exitedNet shares change (top 50)
+623
+9.2K / −8.6K
Net new holders
+12
4 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
BH insider trading · insider activity
Source: SEC Form 4
Insiders have been net buyers of shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
5
Buy transactions
0
Sell transactions
0.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
BIGLARI, SARDAR Chairman and CEO | Jun 5, 2026 | Purchase | 535 | $297.14 | $159.0K | 1.40M | Form 4 ↗ |
BIGLARI, SARDAR Chairman and CEO | Jun 4, 2026 | Purchase | 1,743 | $286.76 | $499.8K | 1.40M | Form 4 ↗ |
BIGLARI, SARDAR Chairman and CEO | May 14, 2026 | Purchase | 14,351 | $258.06 | $3.70M | 1.40M | Form 4 ↗ |
BIGLARI, SARDAR Chairman and CEO | May 13, 2026 | Purchase | 15,358 | $260.36 | $4.00M | 1.38M | Form 4 ↗ |
BIGLARI, SARDAR Chairman and CEO | May 12, 2026 | Purchase | 22,965 | $249.84 | $5.74M | 1.37M | Form 4 ↗ |
BIGLARI, SARDAR Chairman and CEO | Mar 13, 2026 | Purchase | 2,810 | $302.20 | $849.2K | 1.35M | Form 4 ↗ |
BIGLARI, SARDAR Chairman and CEO | Mar 9, 2026 | Purchase | 3,320 | $301.06 | $999.5K | 1.34M | Form 4 ↗ |
BIGLARI, SARDAR Chairman and CEO | Mar 6, 2026 | Purchase | 2,441 | $307.20 | $749.9K | 1.34M | Form 4 ↗ |
BIGLARI, SARDAR Chairman and CEO | Mar 3, 2026 | Purchase | 1,146 | $331.15 | $379.5K | 1.34M | Form 4 ↗ |
BIGLARI, SARDAR Chairman and CEO | Dec 17, 2025 | Purchase | 3,084 | $323.71 | $998.3K | 1.34M | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Biglari Holdings Inc. (BH) is primarily owned by institutional investors, who hold approximately 54.3% of total shares outstanding. Company insiders own approximately 0.45%, while retail and public investors account for the remaining 45.29%.
The largest institutional shareholder of Biglari Holdings Inc. is BIGLARI CAPITAL CORP., holding approximately 1.35 million shares — equal to 96.39% of outstanding shares — as of September 30, 2024.
A total of 69 institutional investors currently hold BH stock, with a combined institutional value of approximately $292,976,018 as of the most recent 13F filing period.
Frequently asked questions
BH ownershipBiglari Holdings Inc. (BH) is primarily owned by institutional investors, who hold approximately 54.3% of shares. The largest shareholder is BIGLARI CAPITAL CORP. with a 96.39% stake. Company insiders hold 0.45%. Data sourced from SEC Form 13F as of September 30, 2024.