13FPulse
BH

BH BIGLARI HOLDINGS INC-B

2026Q2 · CUSIP 08986R309 · Sector: Consumer

Normal

Fund flows are within the usual range

Funds that own it
114
Institutions that reported holding it to the SEC
Net increase in holders
0
Last quarter 114 → now 114
How unusual is that
Below average
Stronger than only 36% of US stocks
What the filings say, in one paragraph

114 funds held BH at the end of 2026Q2. Fund flows are within the usual range — nothing unusual. BH has had 3 buying rushes in its history, and the price moved -7.9% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Consumer sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2016Q2: holders=1 2016Q3: holders=1 2016Q4: holders=1 2017Q1: holders=1 2017Q2: holders=1 2017Q3: holders=1 2017Q4: holders=1 2018Q1: holders=3 2018Q2: holders=77 2018Q3: holders=76 2018Q4: holders=72 2019Q1: holders=70 2019Q2: holders=60 2019Q3: holders=58 2019Q4: holders=68 2020Q1: holders=57 2020Q2: holders=59 2020Q3: holders=55 2020Q4: holders=63 2021Q1: holders=69 2021Q2: holders=72 2021Q3: holders=76 2021Q4: holders=65 2022Q1: holders=66 2022Q2: holders=63 2022Q3: holders=58 2022Q4: holders=60 2023Q1: holders=71 2023Q2: holders=72 2023Q3: holders=67 2023Q4: holders=68 2024Q1: holders=68 2024Q2: holders=72 2024Q3: holders=69 2024Q4: holders=75 2025Q1: holders=75 2025Q2: holders=91 2025Q3: holders=96 2025Q4: holders=105 2026Q1: holders=114 2026Q2: holders=114 -74 -37 +0 +37 +74 060120 16Q217Q318Q420Q121Q222Q323Q425Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 3 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q2 Top 20% +4.5% +31.0%
2023Q1 Top 20% -6.7% -22.7%
2018Q2 Top 5% -28.3% -32.1%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
68
Change in large funds
+1
Total value they hold
$851M
Funds buying for the first time
27
Funds that sold out entirely
27
Price change that quarter
+37.7%
Funds holding puts (bearish)
0
Funds holding calls (bullish)
0

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.