Which hedge funds own BH/A? BIGLARI HLDGS INC, Q2 2026 13F holders

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7 of the hedge funds tracked by WhaleCreep disclosed a position in BH/A (BIGLARI HLDGS INC) in their Q2 2026 13F filings, worth $333.8m in total. The largest holder by portfolio weight is Biglari Capital Corp. at 27.2% of its book. 3 managers opened a new position this quarter: Dark Forest Capital Management LP, EntryPoint Capital, LLC, Brevan Howard Capital Management LP. 6 exited: Aquatic Capital Management LLC, Arrowstreet Capital, Limited Partnership, Engineers Gate Manager LP.

Who discovered BH/A first?

Earliest meaningful positions among the 4 tracked managers we observed opening BH/A since Q2 2018.

1 BC Biglari Capital Corp. First reported Q2 2018 High conviction 10.2%initial weight · $110.6m 27.2%still holding · 33q +122%stock since Q2 2018

Weight of Biglari Capital Corp.'s 13F book in BH/A, by quarter

• 29.0% peak weight, Q1 2026
• $325.1m peak reported value
• 33 quarters held
• 32q before the median tracked entry

The stock's split-adjusted price moved +122% from Q2 2018 to Q2 2026.

9 managers already held BH/A when our coverage of them began

Quantbot Technologies LP (Q1 2026), Marshall Wace, LLP (Q1 2026), Balyasny Asset Management L.P. (Q1 2026), Aquatic Capital Management LLC (Q1 2026), Arrowstreet Capital, Limited Partnership (Q1 2026), Engineers Gate Manager LP (Q1 2026), Millennium Management LLC (Q1 2026), Qube Research & Technologies LTD (Q1 2026), Trexquant Investment LP (Q1 2026).

Their first filing on record already includes BH/A, so when they first bought it is unknown. They are not ranked above.

View discovery timeline

Dots mark the ranked managers' first reported quarters. Price is the quarter-end price implied by 13F filings, split-adjusted, shown from Q2 2018 where the series is continuous. Coverage widened in Q1 2026 from about a hundred managers to over a thousand, so holders and new holders are shown relative to the managers filing each quarter.

How this is calculated

13F filings are quarterly snapshots of long US-listed equity positions. They do not show exact purchase dates, intra-quarter trading, short positions, most derivatives, or a manager's actual performance. "First reported" is the first quarter-end filing that shows the position.

A manager is ranked only if we observed it filing, without BH/A, within two quarters before its first position. Ranking is by the first quarter the position reached 1% of the manager's 13F book in a run of at least 2 filings, then by peak weight. "High conviction" means a peak weight of at least 5%.

Stock changes are the split-adjusted change in the quarter-end price implied by 13F filings, excluding dividends. They describe the stock over the period, not the return any manager earned. Phases are cut where the share of tracked managers holding BH/A passed one third and two thirds of its peak.

Which hedge funds hold BH/A? Current holders by portfolio weight

Exited since the previous quarter

Held in a manager's last filing on record

These managers have not filed for the latest quarter; their last disclosure is dated.

How has hedge fund ownership of BH/A changed?

Counts every tracked manager that disclosed BH/A in that quarter's filing, including managers that have since stopped filing.