Biglari Holdings Inc. (BH) Insider Trading
Over the last 3 months, BH insiders made 5 open-market buys and 0 sales, a net purchase of $15.3M (SEC Form 4). Over the last 6 months, 68 institutions increased and 61 reduced their position (13F).
Insider Activity
Sentiment
100/100
Buys (3m)
5
Sells (3m)
0
Net (3m)
$15.3M
Insiders buying
Insider trades by month Buys Sells
Nov
Dec
Nov
Dec
Mar
May
Context3-month price -13.7%Institutions accumulating (13F)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 14, 2026 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 15,358 | $260.36 |
| May 14, 2026 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 22,965 | $249.84 |
| May 14, 2026 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 14,351 | $258.06 |
| Mar 13, 2026 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 2,810 | $302.20 |
| Mar 9, 2026 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 3,320 | $301.06 |
| Mar 6, 2026 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 2,441 | $307.20 |
| Mar 3, 2026 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 1,146 | $331.15 |
| Dec 17, 2025 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 368 | $1633.52 |
| Dec 17, 2025 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 3,084 | $323.71 |
| Dec 16, 2025 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 449 | $333.14 |
| Dec 16, 2025 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 152 | $328.00 |
| Dec 16, 2025 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 60 | $1635.37 |
| Dec 16, 2025 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 156 | $1599.87 |
| Dec 10, 2025 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 310 | $321.94 |
| Dec 10, 2025 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 938 | $319.08 |
| Dec 10, 2025 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 973 | $315.08 |
| Dec 5, 2025 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 2,802 | $303.32 |
| Dec 5, 2025 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 1,465 | $306.90 |
| Dec 5, 2025 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 1,139 | $306.05 |
| Nov 24, 2025 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 213 | $1406.27 |
| Nov 24, 2025 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 1,819 | $274.74 |
| Dec 19, 2024 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 682 | $1250.34 |
| Dec 19, 2024 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 2,589 | $249.55 |
| Dec 16, 2024 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 277 | $1174.06 |
| Dec 16, 2024 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 114 | $1186.32 |
| Dec 16, 2024 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 239 | $234.13 |
| Dec 16, 2024 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 128 | $234.98 |
| Dec 16, 2024 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 703 | $234.12 |
| Dec 16, 2024 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 17 | $1160.00 |
| Dec 9, 2024 | BIGLARI, SARDARdirector, 10 percent owner, officer: Chairman and CEO | Buy | 2,167 | $228.47 |
Source: BH SEC Form 4 filings, latest May 14, 2026. For informational purposes only — not investment advice.
Institutional activity (13F)
How institutions changed their BH positions over the last 6 months (SEC Form 13F).
Increased
68
New positions
45
Reduced
61
Sold out
26
Largest moves
| Institution | Action | Shares | Filed |
|---|---|---|---|
| BIGLARI CAPITAL CORP. | Increased | 1.4M | May 15, 2026 |
| BIGLARI CAPITAL CORP. | Increased | 1.4M | Feb 17, 2026 |
| DIMENSIONAL FUND ADVISORS LP | Increased | 102K | May 7, 2026 |
| DIMENSIONAL FUND ADVISORS LP | Increased | 102K | Feb 12, 2026 |
| Swiss Life Asset Management Ltd | New Position | 66K | May 14, 2026 |
| BLACKROCK, INC. | Reduced | 50K | Feb 12, 2026 |
| BLACKROCK, INC. | Reduced | 45K | May 13, 2026 |
| VANGUARD GROUP INC | Increased | 40K | Jan 29, 2026 |
| MARSHALL WACE, LLP | Increased | 32K | May 15, 2026 |
| VANGUARD CAPITAL MANAGEMENT LLC | New Position | 30K | May 15, 2026 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Increased | 25K | Feb 13, 2026 |
| INVESCO LTD. | Reduced | 24K | Feb 19, 2026 |
| QUBE RESEARCH & TECHNOLOGIES LTD | Increased | 22K | May 15, 2026 |
| RENAISSANCE TECHNOLOGIES LLC | Increased | 22K | May 14, 2026 |
| TREXQUANT INVESTMENT LP | Increased | 22K | May 15, 2026 |
Source: SEC Form 13F filings. For informational purposes only — not investment advice.