American Capital Advisory’s Biglari Holdings Class B BH Stock Holding History

American Capital Advisory’s Portfolio BH Stock Details BH Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-3	Closed	-$998	–	1145
2025 Q4	$998	Hold	3	–	–	﹤0.01%	597
2025 Q3	$971	Hold	3	–	–	﹤0.01%	546
2025 Q2	$877	Hold	3	–	–	﹤0.01%	513
2025 Q1	$650	Hold	3	–	–	﹤0.01%	476
2024 Q4	$763	Hold	3	–	–	﹤0.01%	426
2024 Q3	$517	Buy	+3	New	+$546	﹤0.01%	423

Other funds holding BH

BCC

Biglari Capital Corp San Antonio, Texas $929M AUM 39.8% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Marshall Wace London, United Kingdom $100B AUM 35.1% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Qube Research & Technologies (QRT) London, United Kingdom $89.9B AUM 20.22% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

Trexquant Investment Stamford, Connecticut $13.9B AUM 31.98% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

American Capital Advisory's BH Position: Q1 2026 in Review

American Capital Advisory sold out of Biglari Holdings Class B (BH) in Q1 2026, closing a stake of 3 shares — an estimated $998 sold.

American Capital Advisory first reported a position in BH in Q3 2024 and held it in 6 quarters. The position peaked at $998 in Q4 2025. 117 funds tracked by Wall St. Rank hold BH as of Q1 2026.

American Capital Advisory reported no remaining Biglari Holdings Class B position as of Q1 2026 after selling out during the quarter.
American Capital Advisory sold 3 Biglari Holdings Class B shares in Q1 2026, an estimated $998.
American Capital Advisory first reported a position in Biglari Holdings Class B in Q3 2024 and held it in 6 quarters.
American Capital Advisory's Biglari Holdings Class B position peaked at $998 in Q4 2025.
117 funds tracked by Wall St. Rank held Biglari Holdings Class B as of Q1 2026.

Based on American Capital Advisory's 13F filing for Q1 2026, filed 29 Apr 2026.