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

Biglari Capital Corp’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	$467M	Buy	1,417,285 +9,717	+0.7%	+$3.64M	50.26%	1
2025 Q4	$468M	Buy	1,407,568 +13,131	+0.9%	+$4.41M	50.17%	1
2025 Q3	$451M	Hold	1,394,437	–	–	49.42%	1
2025 Q2	$407M	Hold	1,394,437	–	–	47.1%	1
2025 Q1	$302M	Hold	1,394,437	–	–	42.59%	1
2024 Q4	$355M	Buy	1,394,437 +45,366	+3%	+$9.14M	42.28%	1
2024 Q3	$232M	Hold	1,349,071	–	–	35.62%	1
2024 Q2	$261M	Hold	1,349,071	–	–	39.71%	1
2024 Q1	$256M	Buy	1,349,071 +11,405	+0.9%	+$1.93M	34.29%	1
2023 Q4	$221M	Buy	1,337,666 +9,813	+0.7%	+$1.51M	32.51%	1
2023 Q3	$220M	Hold	1,327,853	–	–	34.42%	1
2023 Q2	$262M	Hold	1,327,853	–	–	34.68%	1
2023 Q1	$225M	Hold	1,327,853	–	–	31.27%	2
2022 Q4	$184M	Hold	1,327,853	–	–	31.61%	2
2022 Q3	$153M	Hold	1,327,853	–	–	29.03%	2
2022 Q2	$163M	Hold	1,327,853	–	–	34.18%	2
2022 Q1	$192M	Hold	1,327,853	–	–	28.64%	2
2021 Q4	$189M	Buy	1,327,853 +39,776	+3%	+$6.17M	28.66%	2
2021 Q3	$221M	Buy	1,288,077 +12,937	+1%	+$2.18M	30.43%	2
2021 Q2	$203M	Buy	1,275,140 +19,311	+2%	+$2.97M	28.81%	2
2021 Q1	$167M	Buy	1,255,829 +1,888	+0.2%	+$237K	23.84%	2
2020 Q4	$139M	Buy	1,253,941 +84,017	+7%	+$8.63M	24.77%	2
2020 Q3	$104M	Buy	1,169,924 +22,966	+2%	+$1.89M	20.93%	2
2020 Q2	$79.1M	Hold	1,146,958	–	–	18.56%	2
2020 Q1	$59M	Hold	1,146,958	–	–	19.99%	2
2019 Q4	$131M	Buy	1,146,958 +4,572	+0.4%	+$466K	22.37%	2
2019 Q3	$125M	Hold	1,142,386	–	–	21.86%	2
2019 Q2	$119M	Buy	1,142,386 +19,074	+2%	+$2.28M	15.9%	2
2019 Q1	$159M	Hold	1,123,312	–	–	18.15%	2
2018 Q4	$128M	Buy	1,123,312 +350	+0%	+$51.6K	14.02%	2
2018 Q3	$204M	Hold	1,122,962	–	–	19.68%	2
2018 Q2	$206M	Sell	1,122,962 -561,481	-33%	-$127M	19.03%	2
2018 Q1	$459M	Buy	1,684,443 +67,953	+4%	+$18.8M	37.25%	2
2017 Q4	$447M	Buy	1,616,490 +40,018	+3%	+$9.63M	36.58%	2
2017 Q3	$350M	Hold	1,576,472	–	–	32.14%	2
2017 Q2	$420M	Hold	1,576,472	–	–	33.97%	2
2017 Q1	$454M	Hold	1,576,472	–	–	36.88%	2
2016 Q4	$497M	Hold	1,576,472	–	–	37.8%	2
2016 Q3	$458M	Buy	1,576,472 +1,245	+0.1%	+$355K	41.17%	2
2016 Q2	$424M	Buy	1,575,227 +66,170	+4%	+$17M	33.24%	2
2016 Q1	$374M	Buy	1,509,057 +36,000	+2%	+$8.69M	32.89%	2
2015 Q4	$320M	Hold	1,473,057	–	–	33.14%	2
2015 Q3	$359M	Buy	1,473,057 +924,468	+169%	+$249M	33.03%	2
2015 Q2	$151M	Buy	548,589 +17,977	+3%	+$4.68M	17.24%	2
2015 Q1	$146M	Buy	530,612 +49,980	+10%	+$14M	16.48%	2
2014 Q4	$128M	Buy	480,632 +25,043	+5%	+$5.9M	15.7%	2
2014 Q3	$103M	Buy	455,589 +51,412	+13%	+$12.8M	17.33%	2
2014 Q2	$106M	Hold	404,177	–	–	18.22%	2
2014 Q1	$122M	Hold	404,177	–	–	23.9%	2
2013 Q4	$127M	Hold	404,177	–	–	22.4%	2
2013 Q3	$103M	Buy	+404,177	New	+$102M	20.05%	2

Other funds holding BH

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

Millennium Management New York $240B AUM 35.51% 1-Year Est. Return

Biglari Capital Corp's BH Position: Q1 2026 in Review

Biglari Capital Corp increased its Biglari Holdings Class B (BH) stake by 0.69% in Q1 2026, buying an estimated $3.64M and bringing the position to 1,417,285 shares worth $467M. The position accounts for 50.26% of the portfolio, ranked #1.

Biglari Capital Corp first reported a position in BH in Q3 2013 and has held it in 51 quarters since. The position peaked at $497M in Q4 2016. 117 funds tracked by Wall St. Rank hold BH as of Q1 2026.

Biglari Capital Corp held 1,417,285 shares of Biglari Holdings Class B worth $467M as of Q1 2026.
Biglari Capital Corp bought 9,717 Biglari Holdings Class B shares in Q1 2026, an estimated $3.64M.
Biglari Holdings Class B made up 50.26% of Biglari Capital Corp's portfolio in Q1 2026, its #1 holding.
Biglari Capital Corp first reported a position in Biglari Holdings Class B in Q3 2013 and has held it in 51 quarters since.
Biglari Capital Corp's Biglari Holdings Class B position peaked at $497M in Q4 2016.
117 funds tracked by Wall St. Rank held Biglari Holdings Class B as of Q1 2026.

Based on Biglari Capital Corp's 13F filing for Q1 2026, filed 15 May 2026.