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Biglari Holdings-A BH.A

US equityMarket cap rank #3132Restaurants

$1,823.62 −$17.69 (-0.96%)

Pre-market · Oct 8, 8:20 am ET · After hours $1,823.62 0.00%

Open$1,837.00

Prev close$1,841.31

Day range$1,800.53 – $1,856.00

Volume44.3K

Market cap$1.16B

P/E (TTM)–

Dividend yield–

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Institutional ownership96.5%-1.42 pts vs. prior quarter

Institutions holding155-1 vs. prior quarter

Insider trades (recent)42 buys / 0 sellsNet buying

Short interest1.75% of floatDays to cover 1.0 · as of 15 Sep 2026

Short-sale volume share8.2%5-day average of daily volume

Short-sale volume as % of daily volume

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: −$128.4K (8 inflow days, 12 outflow days).

Net flow by order size, last 20 sessions

Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.

The five largest holders on file together own 80.9% of shares outstanding.

Largest holders

Biglari Capital LLC70.49%
Dimensional Fund Advisors4.24%
BlackRock2.30%
GAMCO Investors, Inc.1.98%
Renaissance Technologies Corp.1.85%
Two Sigma Investments, LP1.59%
Vanguard Capital Management, LLC1.46%
Marshall Wace LLP1.33%

By investor type

Hedge Fund77.71%
Mutual Fund16.48%
Private Company1.64%
Individual/Insider0.41%
Public Company0.36%
Government Pension Fund0.25%
Insurance Company0.09%
Family Office/Trust0.01%

Reported short interest has risen from 1.34% to 1.75% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).

Recent institutional activity

Holder	Type	Period	Share change	New stake
Nuveen Asset Management LLC	Insurance Company	2026/Q3	+564	0.1%
Biglari Capital LLC	Hedge Fund	2026/Q3	+10,990	70.5%
Two Sigma Investments, LP	Hedge Fund	2026/Q3	+8,404	1.6%
First Trust Advisors L.P.	Mutual Fund	2026/Q3	+4,481	0.7%
BlackRock	Mutual Fund	2026/Q3	+2,942	2.3%
Jane Street Group, LLC	Private Company	2026/Q3	+2,792	1.0%
UBS Asset Management	Mutual Fund	2026/Q3	+2,104	0.6%
Renaissance Technologies Corp.	Hedge Fund	2026/Q3	+1,682	1.9%
Geode Capital Management, LLC	Mutual Fund	2026/Q3	+1,045	0.8%
Susquehanna International Group, LLP	Private Company	2026/Q3	+889	0.1%
Hudson River Trading LLC	Private Company	2026/Q3	+764	0.2%
Dimensional Fund Advisors	Mutual Fund	2026/Q3	+762	4.2%
Millennium Management LLC	Hedge Fund	2026/Q3	+726	0.8%
AQR Capital Management	Hedge Fund	2026/Q3	+716	0.3%
Nuveen Investments	Mutual Fund	2026/Q3	+613	0.1%

Institutional buy/sell activity by reporting period, largest moves first.

Insider transactions

Date	Insider	Transaction	Shares	Price	Held after
4 Jun 2026	Biglari Capital LLC	Open Market Acquisition	+2,278	$297.14	1,472,237
13 May 2026	Biglari Capital LLC	Open Market Acquisition	+52,674	$260.36	1,469,959
12 Mar 2026	Biglari Capital LLC	Open Market Acquisition	+2,810	$302.20	1,417,285
8 Mar 2026	Biglari Capital LLC	Open Market Acquisition	+3,320	$301.06	1,414,475
5 Mar 2026	Biglari Capital LLC	Open Market Acquisition	+2,441	$307.20	1,411,155
2 Mar 2026	Biglari Capital LLC	Open Market Acquisition	+1,146	$331.15	1,408,714
16 Dec 2025	Biglari Capital LLC	Open Market Acquisition	+368	$1,633.52	154,475
16 Dec 2025	Biglari Capital LLC	Open Market Acquisition	+3,084	$323.71	1,407,568
15 Dec 2025	Biglari Capital LLC	Open Market Acquisition	+216	$1,635.37	154,107
14 Dec 2025	Biglari Capital LLC	Private Acquisition	+601	$333.14	1,404,484
9 Dec 2025	Biglari Capital LLC	Open Market Acquisition	+2,221	$321.94	1,403,883
4 Dec 2025	Biglari Capital LLC	Open Market Acquisition	+5,406	$306.90	1,401,662
23 Nov 2025	Biglari Capital LLC	Open Market Acquisition	+213	$1,406.27	153,891
23 Nov 2025	Biglari Capital LLC	Open Market Acquisition	+1,819	$274.74	1,396,256
16 Dec 2024	Biglari Capital LLC	Open Market Acquisition	+682	$1,250.34	153,678
16 Dec 2024	Biglari Capital LLC	Open Market Acquisition	+2,589	$249.55	1,394,437
15 Dec 2024	Biglari Capital LLC	Open Market Acquisition	+408	$1,186.32	152,996
15 Dec 2024	Biglari Capital LLC	Open Market Acquisition	+1,070	$234.98	1,391,848
4 Dec 2024	Biglari Capital LLC	Open Market Acquisition	+2,167	$228.47	1,390,778
3 Dec 2024	Biglari Capital LLC	Open Market Acquisition	+3,111	$223.85	1,388,611

From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.

Short interest, by report

Report date	Shares short	% of float	Days to cover
15 Sep 2026	11,164	1.8%	1.0
31 Aug 2026	11,316	1.8%	1.0
14 Aug 2026	11,520	1.8%	1.0
31 Jul 2026	10,724	1.7%	1.0
15 Jul 2026	9,507	1.5%	1.0
30 Jun 2026	8,429	1.3%	1.0

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