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Biglari Holdings Class B
BH

Overview Fund Activity

92 hedge funds and large institutions have $535M invested in Biglari Holdings Class B in 2025 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 23 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed
Holders
92
Holders Change
+16
Holders Change %
+21.05%
% of All Funds
1.23%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
23
Increased
23
Reduced
24
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Invesco
Invesco
Georgia
+$2.81M
2
Morgan Stanley
Morgan Stanley
New York
+$2.32M
3
Citadel Advisors
Citadel Advisors
Florida
+$1.98M
4
Two Sigma Investments
Two Sigma Investments
New York
+$1.29M
5
Man Group
Man Group
United Kingdom
+$872K

Top Sellers

1
Vanguard Group
Vanguard Group
Pennsylvania
-$862K
2
NL
Nuveen LLC
North Carolina
-$805K
3
BlackRock
BlackRock
New York
-$804K
4
Goldman Sachs
Goldman Sachs
New York
-$796K
5
Allspring Global Investments
Allspring Global Investments
North Carolina
-$540K
Name Holding Trade Value Shares
Change 		Shares
Change %
BCC
1
Biglari Capital Corp
Texas
$407M – – –
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$27.7M +$648K +2,217 +2%
BlackRock
3
BlackRock
New York
$15.2M -$804K -2,753 -5%
Vanguard Group
4
Vanguard Group
Pennsylvania
$11.1M -$862K -2,950 -7%
JPMorgan Chase & Co
5
JPMorgan Chase & Co
New York
$7.89M -$108K -370 -1%
BCM
6
Bridgeway Capital Management
Texas
$4.76M +$188K +645 +4%
NL
7
Nuveen LLC
North Carolina
$4.55M -$805K -2,754 -15%
State Street
8
State Street
Massachusetts
$4.54M +$699K +2,392 +18%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$4.5M -$117K -401 -3%
Arrowstreet Capital
10
Arrowstreet Capital
Massachusetts
$4.14M -$108K -371 -3%
PLC
11
Peapod Lane Capital
New York
$4.05M +$13.7K +47 +0.3%
Connor, Clark & Lunn Investment Management (CC&L)
12
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$3.69M +$174K +597 +5%
Morgan Stanley
13
Morgan Stanley
New York
$3.15M +$2.32M +7,944 +279%
EF
14
Empowered Funds
Pennsylvania
$2.94M +$188K +645 +7%
Invesco
15
Invesco
Georgia
$2.81M +$2.81M +9,633 New
Northern Trust
16
Northern Trust
Illinois
$2.07M -$139K -475 -6%
Citadel Advisors
17
Citadel Advisors
Florida
$1.98M +$1.98M +6,759 New
OSAM
18
O'Shaughnessy Asset Management
Connecticut
$1.86M +$48.2K +165 +3%
Renaissance Technologies
19
Renaissance Technologies
New York
$1.85M +$117K +400 +7%
Two Sigma Investments
20
Two Sigma Investments
New York
$1.29M +$1.29M +4,400 New
RWM
21
Ritholtz Wealth Management
New York
$1.09M +$145K +496 +15%
Man Group
22
Man Group
United Kingdom
$872K +$872K +2,985 New
JF
23
Jump Financial
Illinois
$872K +$872K +2,983 New
MAM
24
Martingale Asset Management
Massachusetts
$863K -$97K -332 -10%
Los Angeles Capital Management
25
Los Angeles Capital Management
California
$816K -$188K -645 -19%
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