Company Analysis

Biglari Holdings Inc. (BH.A)

NYSE: BH.A · Retail-Eating Places · San Antonio, TX · filing with the SEC since 2017
Grade4.9
◀ Past 3.9● Present 4.8▶ Future 5.8
2 est.

Who owns Biglari Holdings Inc.

As filed with the SEC
Holders of 5% or more
2
Biglari, Sardar holds 74.3% of Class A Common Stock, No Par Value, as its SCHEDULE 13D/A filed Dec 20, 2024 says.
Directors and officers
1
report now, of 3 people on the record since 2018. Their holdings as a group are not read here.
Institutions as a whole
n/a
The record does not read the share held by managers that file Form 13F, so none is printed and no split of the rest is estimated. What it holds is the 2 named at left.
Holders of 5% or moreshare of the class, as filed
Biglari, Sardar
SCHEDULE 13D/A · filed Dec 20, 2024 · Class A Common Stock, No Par Value
74.3%
GAMCO Asset Management Inc.
SCHEDULE 13D/A · filed Oct 21, 2025 · Class A Common Stock, no par value
5.7%
What BH.A reports owning in othersstakes of 5% or more, and other ties
Jack In The Box Inc. JACK
SCHEDULE 13D/A · filed Jan 14, 2026 · Common Stock · reported falling below 5%
under 5%
Other ties the annual report names
Lion Fund II, L.P.
An investee · investee · invested in, named in the 10-K filed Mar 2, 2026
Lion Fund, L.P.
An investee · investee · invested in, named in the 10-K filed Mar 2, 2026

8 subsidiaries in 2 countries, from the list filed with the 10-K filed Mar 2, 2026.

Insider tradesForm 4
3sales
10purchases
0sales on a scheduled plan
1people selling
$700,000sold, in dollars
$4.6Mbought, in dollars
Open-market trades on Form 4 from Nov 6, 2025 to Nov 6, 2026. A scheduled plan is a selling program set in advance under SEC rule 10b5-1. The trades are listed as filed and do not feed the grade.
By calendar yearSoldBought
1819202123242526
2026 runs to Nov 6, 2026. Dollars as filed, summed by the transaction date.
People who traded in the window3 of 9 on the roster
PersonRole as filedSalesSoldOn a planBuysBought
Biglari, SardarChairman and CEO3$700,000010$4.6M
Lion Fund, L.P.10% owner0$0010$16.7M
Biglari Capital Corp.10% owner0$003$1.0M
SI Assistanton BH.A · research, not advice