Follow-The-Filings

Security

BH

Biglari Hldgs Inc. · COM STK CL B

Equity holders as of 2026 Q1 (each manager’s latest book)

8 owners 1 new 2 exits max 0.0% (Marshall Wace - Marshall ...)

grid → activity →
owners 8
max % 0.0%
tracked value $45M
qoq N 1 A 5 R 1 E 2

holders

sorted by % of portfolio · long equity only · exits show last held size

manager % port activity shares value history
Marshall Wace - Marshall Wace, LLP 2026 Q1 0.0% Add +0.01 pp 32,207 $11M hist
Renaissance Technologies LLC 2026 Q1 0.0% Add +0.01 pp 21,742 $7M hist
Vanguard Group Inc. 2025 Q4 stale 0.0% Add 0.00 pp 39,931 $13M hist
Israel Englander - Millennium Management LLC 2026 Q1 0.0% Add 0.00 pp 17,342 $6M hist
Two Sigma Investments, LP 2025 Q4 stale 0.0% Exit 0.00 pp 7,654 $3M hist
Cliff Asness - Aqr Capital Management LLC 2026 Q1 0.0% Add 0.00 pp 5,934 $2M hist
D. E. Shaw & Co., Inc. 2026 Q1 0.0% New 0.0% 5,570 $2M hist
Steve Cohen - Point72 Asset Management, L.P. 2026 Q1 0.0% Reduce 0.00 pp 5,224 $2M hist
Ken Griffin - Citadel Advisors LLC exited 2026 Q1 last 2025 Q4 0.0% Exit 0.00 pp 8,671 $3M hist
Dmitry Balyasny - Balyasny Asset Management L.P. exited 2026 Q1 last 2025 Q4 0.0% Exit 0.00 pp 774 $257 hist

8 current · 2 exited last period · options excluded

financials

US-GAAP annual · as tagged in Form 10-K · fiscal years · values link to the SEC filing

Income statement

Metric FY2023 FY2024 FY2025
Revenue $365.32M $362.11M $395.26M
Gross profit * $227.33M $218.66M $233.94M
Gross margin * 62.2% 60.4% 59.2%
Net income $54.95M -$3.76M -$37.49M
Net margin * 15.0% -1.0% -9.5%

Balance sheet

Metric FY2023 FY2024 FY2025
Total current assets $152.55M $170.62M $378.53M
Total non-current assets * $696.87M $695.52M $646.86M
Total assets $849.42M $866.13M $1.03B
Total current liabilities $111.1M $147.32M $156M
Total non-current liabilities * $138.99M $145.86M $345.96M
Total equity $599.33M $572.96M $523.43M

Cash flow

Metric FY2023 FY2024 FY2025
Cash from operations $73M $49.66M $106.96M
Cash from investing -$66.08M -$87.39M -$65.47M
Cash from financing -$16.13M $39.48M $196.53M
Net change in cash -$9.15M $1.78M $238.06M

Source: SEC companyfacts (US-GAAP 10-K) · * = computed (not a single XBRL tag) · fiscal year as labeled by the issuer · not adjusted or audited by Follow-The-Filings

ownership over time

filing count by report period · click a bar for that quarter’s holders