Biglari Ownership | Who Owns Biglari?

Biglari Ownership Summary

Biglari is owned by 11.19% institutional investors, 0.43% insiders, and 88.38% retail investors. Biglari capital is the largest institutional shareholder, holding 44.94% of BH shares. MUAM MUFJ Foreign Equity Active MF is the top mutual fund, with 1.26% of its assets in Biglari shares.

BH Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Biglari	11.19%	0.43%	88.38%
Sector	Consumer Cyclical Stocks	33.14%	14.17%	52.68%
Industry	Restaurants Stocks	35.64%	11.34%	53.03%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Biglari capital	1.39M	44.94%	$451.31M
Blackrock	53.42K	3.77%	$10.33M
Dimensional fund advisors lp	102.19K	3.29%	$33.97M
Blackrock funding, inc. /de	49.84K	1.61%	$16.57M
Invesco	40.44K	1.30%	$13.09M
Vanguard group	39.93K	1.29%	$13.27M
Nuveen asset management	16.82K	1.20%	$4.28M
Bridgeway capital management	16.94K	0.55%	$5.48M
Jpmorgan chase	16.07K	0.52%	$5.34M
State street	15.85K	0.51%	$5.13M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Biglari capital	1.39M	49.42%	$451.31M
Peapod lane capital	12.40K	3.51%	$4.12M
Bridgeway capital management	16.94K	0.12%	$5.48M
Caitong asset management	110.00	0.10%	$36.57K
Inceptionr	1.06K	0.10%	$352.71K
Entrypoint capital	741.00	0.10%	$246.33K
Occudo quantitative strategies lp	1.01K	0.04%	$327.21K
Gsa capital partners llp	1.34K	0.04%	$446.00K
Empowered funds	11.61K	0.03%	$3.86M
Ritholtz wealth management	3.50K	0.02%	$1.16M

Top Buyers

Holder	Shares	% Assets	Change
Invesco	40.44K	0.00%	30.81K
Two sigma investments, lp	11.56K	0.01%	7.16K
Goldman sachs group	9.17K	0.00%	5.04K
Charles schwab investment management	7.21K	0.00%	5.01K
Qube research	4.81K	0.00%	4.81K

Top Sellers

Holder	Shares	% Assets	Change
Jpmorgan chase	16.07K	0.00%	-16.59K
Acuitas investments	-	-	-14.38K
Morgan stanley	6.00K	0.00%	-8.56K
Pacer advisors	-	-	-6.47K
Renaissance	10.97K	0.01%	-4.41K

New Positions

Holder	Shares	% Assets	Change	Value
Qube research	4.81K	0.00%	4.81K	$1.56M
Cubist systematic strategies	2.69K	0.00%	2.69K	$870.54K
Point72 asset management	1.46K	0.00%	1.46K	$473.25K
Skopos labs	1.18K	0.02%	1.18K	$413.92K
Inceptionr	1.06K	0.10%	1.06K	$352.71K

Sold Out

Holder	Change
Salem investment counselors	-1.00
Clearstead advisors	-1.00
Ubs asset management americas	-2.00
Capital performance advisors llp	-3.00
Aster capital management (difc)	-4.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Dec 31, 2025	64	-33.33%	347,085	-81.67%	11	0.30%	24	-50.00%	22	-8.33%
Sep 30, 2025	59	-30.59%	344,603	-80.95%	11	0.33%	27	-35.71%	14	-39.13%
Jun 30, 2025	40	-46.67%	104,029	-94.21%	4	0.07%	23	-37.84%	6	-68.42%
Mar 31, 2025	3	-95.95%	5,466	-99.69%	-	0.00%	2	-94.74%	-	-100.00%
Dec 31, 2024	74	7.25%	1,784,822	4.79%	127	0.86%	38	26.67%	14	-

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
MUAM MUFJ Foreign Equity Active MF	39.04K	1.26%	39.04K
Invesco Dynamic Leisure and Entmnt ETF	23.19K	0.75%	-
Vanguard Total Stock Mkt Idx Inv	21.58K	0.70%	-
Vanguard US Total Market Shares ETF	18.32K	0.59%	-
iShares Russell 2000 ETF	16.03K	0.52%	-1.52K
DFA US Targeted Value I	15.48K	0.50%	-
DFA US Small Cap Value I	14.17K	0.46%	-
Dimensional US Targeted Value ETF	11.83K	0.38%	-
EA Bridgeway Omni Small-Cap Value ETF	11.81K	0.38%	11.81K
Nuveen Quant Small Cap Equity R6	11.62K	0.37%	-

Recent Insider Transactions

Date	Name	Role	Activity	Value
Mar 13, 2026	BIGLARI, SARDAR	Chairman and CEO	Buy	$849.18K
Mar 09, 2026	BIGLARI, SARDAR	Chairman and CEO	Buy	$999.52K
Mar 06, 2026	BIGLARI, SARDAR	Chairman and CEO	Buy	$749.88K
Mar 03, 2026	BIGLARI, SARDAR	Chairman and CEO	Buy	$379.50K
Dec 17, 2025	BIGLARI, SARDAR	Chairman and CEO	Buy	$601.14K

Insider Transactions Trends

Date	Buy	Sell
2026 Q1	4	-
2025 Q4	14	-
2024 Q4	34	-
2024 Q1	16	-
2023 Q4	10	-

BH Ownership FAQ

Who Owns Biglari?

Biglari shareholders are primarily institutional investors at 11.19%, followed by 0.43% insiders and 88.38% retail investors. The average institutional ownership in Biglari's industry, Restaurants Stocks , is 35.64%, which Biglari falls below.

Who owns the most shares of Biglari?

Biglari’s largest shareholders are Biglari capital (1.39M shares, 44.94%), Blackrock (53.42K shares, 3.77%), and Dimensional fund advisors lp (102.19K shares, 3.29%). Together, they hold 52.00% of Biglari’s total shares outstanding.

Does Blackrock own Biglari?

Yes, BlackRock owns 3.77% of Biglari, totaling 53.42K shares as of Jun 2024. This represents 0.00% of BlackRock's total assets, with a market value of 10.33M$. In the last quarter, BlackRock increased its holdings by 520 shares, a 0.98% change.

Who is Biglari’s biggest shareholder by percentage of total assets invested?

Biglari capital is Biglari’s biggest shareholder by percentage of total assets invested, with 49.42% of its assets in 1.39M Biglari shares, valued at 451.31M$.

Who is the top mutual fund holder of Biglari shares?

MUAM MUFJ Foreign Equity Active MF is the top mutual fund holder of Biglari shares, with 1.26% of its total shares outstanding invested in 39.04K Biglari shares.

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