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 45.68% 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	33.22%	14.15%	52.63%
Industry	Restaurants Stocks	35.64%	11.34%	53.03%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Biglari capital	1.42M	45.68%	$467.12M
Blackrock	53.42K	3.77%	$10.33M
Dimensional fund advisors lp	102.25K	3.30%	$33.70M
Blackrock funding, inc. /de	45.05K	1.45%	$14.85M
Vanguard group	39.93K	1.29%	$13.27M
Nuveen asset management	16.82K	1.20%	$4.28M
Marshall wace, llp	32.21K	1.04%	$10.62M
Qube research	22.41K	0.72%	$7.39M
Renaissance	21.74K	0.70%	$7.17M
Trexquant investment lp	21.71K	0.70%	$7.16M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Biglari capital	1.42M	50.26%	$467.12M
Logan stone capital	3.10K	0.28%	$1.02M
Entrypoint capital	2.45K	0.24%	$807.17K
Dark forest capital management lp	4.34K	0.13%	$1.43M
Huntleigh advisors	1.40K	0.08%	$461.76K
Xtx topco	10.61K	0.06%	$3.50M
Shay capital	1.92K	0.05%	$631.16K
Trexquant investment lp	21.71K	0.05%	$7.16M
Gsa capital partners llp	2.13K	0.04%	$704.00K
Bridgeway capital management	4.99K	0.03%	$1.64M

Top Buyers

Holder	Shares	% Assets	Change
Marshall wace, llp	32.21K	0.01%	31.50K
Jane street group	17.41K	0.00%	17.41K
Trexquant investment lp	21.71K	0.05%	13.76K
Renaissance	21.74K	0.01%	10.77K
Xtx topco	10.61K	0.06%	10.61K

Top Sellers

Holder	Shares	% Assets	Change
Arrowstreet capital, limited partnership	10.35K	0.00%	-14.69K
Acuitas investments	-	-	-14.38K
Bridgeway capital management	4.99K	0.03%	-12.69K
Peapod lane capital	-	-	-12.40K
Empowered funds	-	-	-11.61K

New Positions

Holder	Shares	% Assets	Change	Value
Jane street group	17.41K	0.00%	17.41K	$5.74M
Xtx topco	10.61K	0.06%	10.61K	$3.50M
Tudor investment corp et al	9.70K	0.01%	9.70K	$3.20M
D. e. shaw	5.57K	0.00%	5.57K	$1.84M
Dark forest capital management lp	4.34K	0.13%	4.34K	$1.43M

Sold Out

Holder	Change
Clearstead advisors	-1.00
American capital advisory	-3.00
Capital performance advisors llp	-3.00
Aster capital management (difc)	-4.00
Financial synergies wealth advisors	-5.00

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
Vanguard Total Stock Mkt Idx Inv	21.58K	0.69%	-
Vanguard US Total Market Shares ETF	18.32K	0.59%	-
Invesco Dynamic Leisure and Entmnt ETF	17.77K	0.57%	-
iShares Russell 2000 ETF	15.76K	0.50%	141.00
DFA US Targeted Value I	15.48K	0.49%	-
DFA US Small Cap Value I	14.45K	0.46%	4.17K
EA Bridgeway Omni Small-Cap Value ETF	11.81K	0.38%	11.81K
Dimensional US Targeted Value ETF	11.83K	0.38%	-
Nuveen Quant Small Cap Equity R6	11.62K	0.37%	-

Recent Insider Transactions

Date	Name	Role	Activity	Value
May 13, 2026	BIGLARI, SARDAR	Chairman and CEO	Buy	$4.00M
May 14, 2026	BIGLARI, SARDAR	Chairman and CEO	Buy	$3.70M
May 12, 2026	BIGLARI, SARDAR	Chairman and CEO	Buy	$5.74M
Mar 13, 2026	BIGLARI, SARDAR	Chairman and CEO	Buy	$849.18K
Mar 09, 2026	BIGLARI, SARDAR	Chairman and CEO	Buy	$999.52K

Insider Transactions Trends

Date	Buy	Sell
2026 Q2	3	-
2026 Q1	4	-
2025 Q4	14	-
2024 Q4	34	-
2024 Q1	16	-

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 (1.42M shares, 45.68%), Blackrock (53.42K shares, 3.77%), and Dimensional fund advisors lp (102.25K shares, 3.30%). Together, they hold 52.74% 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 50.26% of its assets in 1.42M Biglari shares, valued at 467.12M$.

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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