Also trades as: BH-A (NYSE) · $vol 51M
BH Smart Money
Biglari Holdings Inc.
1W: -12.9%
1M: +12.6%
3M: +0.7%
YTD: +12.1%
1Y: +2.8%
3Y: +160.0%
5Y: +129.9%
$386.06
-3.05 (-0.78%)
Pre-Market: $386.40 (+0.34, +0.09%)
Weekly Expected Move ±6.9%
$342
$369
$396
$424
$451
Credit Risk of going bust: higher than 56% of companies Debt: 19.1% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $8.80 (down 98%), Biglari Holdings Inc. would be worth roughly what it owes.
Total debt $289.3M against a stock market value of $1.23B.
Distance to default 4.60 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $133.4M (short-term plus half of long-term), stock volatility 53.9%; Altman Z'' 4.29. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $8.80 (down 98%), Biglari Holdings Inc. would be worth roughly what it owes.
Total debt $289.3M against a stock market value of $1.23B.
Distance to default 4.60 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $133.4M (short-term plus half of long-term), stock volatility 53.9%; Altman Z'' 4.29. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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🏦 Institutional Activity
Latest: Q2 2026141
Institutions Holding
+10 vs prior
69.4%
Ownership
+16.36%
27
New
34
Increased
53
Reduced
24
Closed
👔 Insider Trades
25 records| Date | Name | Title | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|---|
| 2026-06-05 | LION FUND, L.P. | 10% owner | P-Purchase | 535 | $297.14 | $159K | Filing |
| 2026-06-05 | BIGLARI CAPITAL CORP. | 10% owner | P-Purchase | 535 | $297.14 | $159K | Filing |
| 2026-06-05 | BIGLARI, SARDAR | officer: chairman and ceo | P-Purchase | 535 | $297.14 | $159K | Filing |
| 2026-06-04 | LION FUND, L.P. | 10% owner | P-Purchase | 1,743 | $286.76 | $500K | Filing |
| 2026-06-04 | BIGLARI CAPITAL CORP. | 10% owner | P-Purchase | 1,743 | $286.76 | $500K | Filing |
| 2026-06-04 | BIGLARI, SARDAR | officer: chairman and ceo | P-Purchase | 1,743 | $286.76 | $500K | Filing |
| 2026-05-14 | LION FUND, L.P. | 10% owner | P-Purchase | 14,351 | $258.06 | $3.7M | Filing |
| 2026-05-14 | BIGLARI CAPITAL CORP. | 10% owner | P-Purchase | 14,351 | $258.06 | $3.7M | Filing |
| 2026-05-14 | BIGLARI, SARDAR | officer: chairman and ceo | P-Purchase | 14,351 | $258.06 | $3.7M | Filing |
| 2026-05-13 | LION FUND, L.P. | 10% owner | P-Purchase | 15,358 | $260.36 | $4.0M | Filing |
| 2026-05-13 | BIGLARI CAPITAL CORP. | 10% owner | P-Purchase | 15,358 | $260.36 | $4.0M | Filing |
| 2026-05-13 | BIGLARI, SARDAR | officer: chairman and ceo | P-Purchase | 15,358 | $260.36 | $4.0M | Filing |
| 2026-05-12 | LION FUND, L.P. | 10% owner | P-Purchase | 22,965 | $249.84 | $5.7M | Filing |
| 2026-05-12 | BIGLARI CAPITAL CORP. | 10% owner | P-Purchase | 22,965 | $249.84 | $5.7M | Filing |
| 2026-05-12 | BIGLARI, SARDAR | officer: chairman and ceo | P-Purchase | 22,965 | $249.84 | $5.7M | Filing |
| 2026-03-13 | LION FUND, L.P. | 10% owner | P-Purchase | 2,810 | $302.20 | $849K | Filing |
| 2026-03-13 | BIGLARI CAPITAL CORP. | 10% owner | P-Purchase | 2,810 | $302.20 | $849K | Filing |
| 2026-03-13 | BIGLARI, SARDAR | officer: chairman and ceo | P-Purchase | 2,810 | $302.20 | $849K | Filing |
| 2026-03-06 | LION FUND, L.P. | 10% owner | P-Purchase | 2,441 | $307.20 | $750K | Filing |
| 2026-03-06 | BIGLARI CAPITAL CORP. | 10% owner | P-Purchase | 2,441 | $307.20 | $750K | Filing |
| 2026-03-06 | BIGLARI, SARDAR | officer: chairman and ceo | P-Purchase | 2,441 | $307.20 | $750K | Filing |
| 2026-03-03 | BIGLARI CAPITAL CORP. | 10% owner | P-Purchase | 1,146 | $331.15 | $379K | Filing |
| 2026-03-03 | LION FUND, L.P. | 10% owner | P-Purchase | 1,146 | $331.15 | $379K | Filing |
| 2026-03-03 | BIGLARI, SARDAR | officer: chairman and ceo | P-Purchase | 1,146 | $331.15 | $379K | Filing |
| 2025-12-17 | LION FUND, L.P. | 10% owner | P-Purchase | 3,084 | $323.71 | $998K | Filing |
🏛️ Congressional Trades
2 records| Date | Politician | Chamber | Type | Amount | Filing |
|---|---|---|---|---|---|
| 2019-03-04 | Cynthia Axne | House | Sell | $1,001 - $15,000 | Filing |
| 2019-02-28 | Cynthia Axne | House | Sell | $1,001 - $15,000 | Filing |
🏦 Top Institutional Holders
20 holders| Holder | Shares | Value | Date Reported | Filing | |
|---|---|---|---|---|---|
| BIGLARI CAPITAL CORP. | 1,472,237 | $627M | +54,952 | 2026-06-30 | Filing |
| DIMENSIONAL FUND ADVISORS LP | 106,257 | $45M | +4,010 | 2026-06-30 | Filing |
| TWO SIGMA INVESTMENTS, LP | 50,618 | $22M | +42,023 | 2026-06-30 | Filing |
| BlackRock, Inc. | 46,135 | $20M | +1,089 | 2026-06-30 | Filing |
| MARSHALL WACE, LLP | 31,016 | $13M | -1,191 | 2026-06-30 | Filing |
| RENAISSANCE TECHNOLOGIES LLC | 28,627 | $12M | +6,885 | 2026-06-30 | Filing |
| VANGUARD CAPITAL MANAGEMENT LLC | 28,185 | $12M | -1,570 | 2026-06-30 | Filing |
| MILLENNIUM MANAGEMENT LLC | 26,774 | $11M | +9,432 | 2026-06-30 | Filing |
| GEODE CAPITAL MANAGEMENT, LLC | 14,922 | $6M | +1,088 | 2026-06-30 | Filing |
| Trexquant Investment LP | 14,559 | $6M | -7,151 | 2026-06-30 | Filing |
| STATE STREET CORP | 12,806 | $5M | -1,137 | 2026-06-30 | Filing |
| Connor, Clark & Lunn Investment Manageme | 12,309 | $5M | +970 | 2026-06-30 | Filing |
| AQR CAPITAL MANAGEMENT LLC | 9,490 | $4M | +3,556 | 2026-06-30 | Filing |
| Qube Research & Technologies Ltd | 8,775 | $4M | -13,640 | 2026-06-30 | Filing |
| JPMORGAN CHASE & CO | 7,850 | $3M | -4,458 | 2026-06-30 | Filing |
| Sixth Street Partners Management Company | 7,703 | $3M | +7,703 | 2026-06-30 | Filing |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 7,703 | $3M | +864 | 2026-06-30 | Filing |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 7,344 | $3M | -254 | 2026-06-30 | Filing |
| NORTHERN TRUST CORP | 7,161 | $3M | +228 | 2026-06-30 | Filing |
| HRT FINANCIAL LP | 6,481 | $3M | +6,481 | 2026-06-30 | Filing |