Arrowstreet Capital’s Biglari Holdings Class B BH Stock Holding History

Arrowstreet Capital’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	$3.41M	Sell	10,354 -14,694	-59%	-$5.5M	﹤0.01%	1269
2025 Q4	$8.33M	Buy	25,048 +10,423	+71%	+$3.5M	﹤0.01%	984
2025 Q3	$4.73M	Buy	14,625 +458	+3%	+$140K	﹤0.01%	1193
2025 Q2	$4.14M	Sell	14,167 -371	-3%	-$90K	﹤0.01%	1237
2025 Q1	$3.15M	Buy	14,538 +1,282	+10%	+$292K	﹤0.01%	1163
2024 Q4	$3.37M	Buy	13,256 +5,604	+73%	+$1.13M	﹤0.01%	1129
2024 Q3	$1.32M	Hold	7,652	–	–	﹤0.01%	1316
2024 Q2	$1.48M	Hold	7,652	–	–	﹤0.01%	1144
2024 Q1	$1.45M	Hold	7,652	–	–	﹤0.01%	1227
2023 Q4	$1.26M	Hold	7,652	–	–	﹤0.01%	1063
2023 Q3	$1.27M	Buy	7,652 +385	+5%	+$72.5K	﹤0.01%	938
2023 Q2	$1.43M	Buy	7,267 +509	+8%	+$95.3K	﹤0.01%	906
2023 Q1	$1.14M	Buy	+6,758	New	+$1.12M	﹤0.01%	1032
2022 Q2	–	Sell	-4,053	Closed	-$586K	–	1236
2022 Q1	$586K	Sell	4,053 -9,037	-69%	-$1.21M	﹤0.01%	1009
2021 Q4	$1.87M	Sell	13,090 -3,201	-20%	-$496K	﹤0.01%	1032
2021 Q3	$2.8M	Hold	16,291	–	–	﹤0.01%	1065
2021 Q2	$2.6M	Hold	16,291	–	–	﹤0.01%	1270
2021 Q1	$2.16M	Sell	16,291 -440	-3%	-$55.3K	﹤0.01%	1543
2020 Q4	$1.86M	Sell	16,731 -90	-0.5%	-$9.24K	﹤0.01%	1627
2020 Q3	$1.5M	Hold	16,821	–	–	﹤0.01%	1683
2020 Q2	$1.16M	Sell	16,821 -1,505	-8%	-$96.8K	﹤0.01%	1710
2020 Q1	$942K	Buy	18,326 +450	+3%	+$44.2K	﹤0.01%	1337
2019 Q4	$2.04M	Buy	17,876 +14,070	+370%	+$1.43M	﹤0.01%	1133
2019 Q3	$415K	Buy	3,806 +653	+21%	+$64.6K	﹤0.01%	1366
2019 Q2	$327K	Sell	3,153 -728	-19%	-$86.9K	﹤0.01%	1243
2019 Q1	$549K	Buy	3,881 +2,001	+106%	+$263K	﹤0.01%	1464
2018 Q4	$214K	Buy	+1,880	New	+$277K	﹤0.01%	1241
2017 Q2	–	Sell	-2,336	Closed	-$673K	–	1069
2017 Q1	$673K	Buy	+2,336	New	+$684K	﹤0.01%	1046
2015 Q3	–	Sell	-5,337	Closed	-$1.47M	–	1349
2015 Q2	$1.47M	Sell	5,337 -2,298	-30%	-$598K	0.01%	716
2015 Q1	$2.11M	Hold	7,635	–	–	0.01%	590
2014 Q4	$2.03M	Buy	7,635 +1,380	+22%	+$325K	0.01%	718
2014 Q3	$1.42M	Sell	6,255 -2,900	-32%	-$725K	0.01%	662
2014 Q2	$2.4M	Sell	9,155 -3,439	-27%	-$925K	0.01%	545
2014 Q1	$3.8M	Buy	12,594 +6,208	+97%	+$1.79M	0.02%	500
2013 Q4	$2M	Buy	+6,386	New	+$1.8M	0.01%	660

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

Arrowstreet Capital's BH Position: Q1 2026 in Review

Arrowstreet Capital reduced its Biglari Holdings Class B (BH) stake by 59% in Q1 2026, selling an estimated $5.5M and leaving 10,354 shares worth $3.41M. The position accounts for ﹤0.01% of the portfolio, ranked #1269.

Arrowstreet Capital first reported a position in BH in Q4 2013 and has held it in 35 quarters since. The position peaked at $8.33M in Q4 2025. 117 funds tracked by Wall St. Rank hold BH as of Q1 2026.

Arrowstreet Capital held 10,354 shares of Biglari Holdings Class B worth $3.41M as of Q1 2026.
Arrowstreet Capital sold 14,694 Biglari Holdings Class B shares in Q1 2026, an estimated $5.5M.
Biglari Holdings Class B made up ﹤0.01% of Arrowstreet Capital's portfolio in Q1 2026, its #1269 holding.
Arrowstreet Capital first reported a position in Biglari Holdings Class B in Q4 2013 and has held it in 35 quarters since.
Arrowstreet Capital's Biglari Holdings Class B position peaked at $8.33M in Q4 2025.
117 funds tracked by Wall St. Rank held Biglari Holdings Class B as of Q1 2026.

Based on Arrowstreet Capital's 13F filing for Q1 2026, filed 14 May 2026.