Two Sigma Investments’s Biglari Holdings Class B BH Stock Holding History

Two Sigma Investments’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	$2.83M	Buy	8,595 +941	+12%	+$352K	﹤0.01%	2480
2025 Q4	$2.54M	Sell	7,654 -3,909	-34%	-$1.31M	﹤0.01%	2268
2025 Q3	$3.74M	Buy	11,563 +7,163	+163%	+$2.19M	0.01%	1692
2025 Q2	$1.29M	Buy	+4,400	New	+$1.07M	﹤0.01%	2106
2022 Q2	–	Sell	-3,425	Closed	-$495K	–	2523
2022 Q1	$495K	Sell	3,425 -3,066	-47%	-$411K	﹤0.01%	2017
2021 Q4	$925K	Buy	6,491 +1,639	+34%	+$254K	﹤0.01%	2622
2021 Q3	$834K	Buy	4,852 +1,690	+53%	+$284K	﹤0.01%	2779
2021 Q2	$504K	Buy	+3,162	New	+$487K	﹤0.01%	3092
2020 Q1	–	Sell	-1,902	Closed	-$218K	–	3117
2019 Q4	$218K	Buy	+1,902	New	+$194K	﹤0.01%	3378
2019 Q2	–	Sell	-1,702	Closed	-$241K	–	3324
2019 Q1	$241K	Buy	+1,702	New	+$224K	﹤0.01%	2730
2017 Q1	–	Sell	-1,953	Closed	-$616K	–	2905
2016 Q4	$616K	Buy	+1,953	New	+$592K	﹤0.01%	2369
2016 Q3	–	Sell	-2,973	Closed	-$799K	–	3091
2016 Q2	$799K	Buy	+2,973	New	+$762K	﹤0.01%	1918
2015 Q2	–	Sell	-2,067	Closed	-$571K	–	2799
2015 Q1	$571K	Buy	+2,067	New	+$580K	﹤0.01%	1893

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

Two Sigma Investments's BH Position: Q1 2026 in Review

Two Sigma Investments increased its Biglari Holdings Class B (BH) stake by 12% in Q1 2026, buying an estimated $352K and bringing the position to 8,595 shares worth $2.83M. The position accounts for ﹤0.01% of the portfolio, ranked #2480.

Two Sigma Investments first reported a position in BH in Q1 2015 and has held it in 13 quarters since. The position peaked at $3.74M in Q3 2025. 117 funds tracked by Wall St. Rank hold BH as of Q1 2026.

Two Sigma Investments held 8,595 shares of Biglari Holdings Class B worth $2.83M as of Q1 2026.
Two Sigma Investments bought 941 Biglari Holdings Class B shares in Q1 2026, an estimated $352K.
Biglari Holdings Class B made up ﹤0.01% of Two Sigma Investments's portfolio in Q1 2026, its #2480 holding.
Two Sigma Investments first reported a position in Biglari Holdings Class B in Q1 2015 and has held it in 13 quarters since.
Two Sigma Investments's Biglari Holdings Class B position peaked at $3.74M in Q3 2025.
117 funds tracked by Wall St. Rank held Biglari Holdings Class B as of Q1 2026.

Based on Two Sigma Investments's 13F filing for Q1 2026, filed 15 May 2026.