NYSE · BH-A

Biglari Holdings Inc.

BH-A closing price · Nov 13, 2026 $1,806.09
BH closing price · Nov 13, 2026 $362.27 Another share class. Insiders trade it too.
Last insider buy price $1767.99 Paid by Chairman and CEO, Director, 10% owner Sardar Biglari on Nov 12, 2026 (Form 4). Not today's price.

Latest quarter · ended Sep 30, 2026

Cash got weaker, but sales grew

descriptionFiled Nov 6, 2026
Revenue growthFaster
+12.4%
Quarter ended Dec 31, 2024: +0.5% sales vs. a year beforeQuarter ended Mar 31, 2025: +6.2% sales vs. a year beforeQuarter ended Jun 30, 2025: +10.4% sales vs. a year beforeQuarter ended Sep 30, 2025: +10.3% sales vs. a year beforeQuarter ended Dec 31, 2025: +9.6% sales vs. a year beforeQuarter ended Mar 31, 2026: +2.6% sales vs. a year beforeQuarter ended Jun 30, 2026: +7.9% sales vs. a year beforeQuarter ended Sep 30, 2026: +12.4% sales vs. a year before
Dec '24Sep '26
$112M vs. $99.7M a year ago
Cash from operationsWorse
$3.21M
Quarter ended Dec 31, 2024: $18M cash from operationsQuarter ended Mar 31, 2025: $15.8M cash from operationsQuarter ended Jun 30, 2025: $42.1M cash from operationsQuarter ended Sep 30, 2025: $31.2M cash from operationsQuarter ended Dec 31, 2025: $17.8M cash from operationsQuarter ended Mar 31, 2026: $20.3M cash from operationsQuarter ended Jun 30, 2026: $14.9M cash from operationsQuarter ended Sep 30, 2026: $3.21M cash from operations
Dec '24Sep '26
−90% from $31.2M a year ago

Numbers come from the company's own 10-Q and 10-K reports filed with the SEC. Each bar is one quarter, oldest on the left. The colored bar is the latest. Hover over or tap a bar to see its number.

Smart money pulse

What insiders and funds are doing

Buying Insiders: as of Nov 13 Funds: as of Jun 30, 2026
−1000+100 +50
  • group
    1 insider bought in the last 30 days. $5.54M in open-market buys, Nov 11–12.
  • account_balance
    1 fund bought, 1 sold in the quarter ended Jun 30, 2026, counting funds that hold 500 stocks or fewer and $1M+ of this one. Index funds and banks are left out.
  • info
    No real insider sales in 12 months. Planned 10b5-1 sales and tax withholding are left out.

−100 means everyone selling, +100 everyone buying. This is data, not advice.

How the Pulse works

Pulse runs from −100 (everyone selling) to +100 (everyone buying). Half comes from insiders: real buyers vs. real sellers in the last 90 days (Form 4). Half comes from funds: funds that bought vs. funds that sold last quarter (13F). 13F is a snapshot of long positions on the last day of the quarter, filed up to 45 days later. It does not show short positions or trades since then.

Who owns it

132 funds report owning BH-A or BH, up from 126

Holdings as of Jun 30, 2026
New30
Added73
Held3
Trimmed26
Sold out24

Last quarter

Who bought and who sold

Apr–Jun 2026
Biglari Capital Corp.
+9%
Logan Stone Capital, LLC
Sold

Change in shares held from Mar 31 to Jun 30, 2026, biggest holdings first. Only funds that hold 500 stocks or fewer and $1M+ of this one: index funds and banks own almost everything, so their changes say little. Bars stop at ±100%.

Insider trades · last 12 months

Real buys and sales

● Open-market buy● Open-market sale
CEOCFOOther officersDirectorsDecJanFebMarAprMayJunJulAugSepOctNovOpen-market buy · Dec 3 · $850KOpen-market buy · Dec 4 · $349KOpen-market buy · Dec 5 · $450KOpen-market buy · Dec 12 · $150KOpen-market buy · Dec 15 · $148KOpen-market buy · Dec 16 · $250KOpen-market buy · Dec 17 · $1.6MOpen-market buy · Mar 13 · $849KOpen-market buy · Nov 11 · $1.76MOpen-market buy · Nov 12 · $3.78M
CEOCFOOther officersDirectorsJunJulAugSepOctNovOpen-market buy · Nov 11 · $1.76MOpen-market buy · Nov 12 · $3.78M

Last 6 months. A wider screen shows 12.

Showing 10 real trades. Bigger dot means a bigger trade.

Real trades, newest first

Nov 12 Sardar Biglari Past buys: 4 of 5 beat Chairman and CEO, Director, 10% owner Open-market buy $3.56M 2,012 sh at $1767.99
Nov 12 Sardar Biglari Past buys: 4 of 5 beat Chairman and CEO, Director, 10% owner Open-market buy $223K 628 sh at $354.95
Nov 11 Sardar Biglari Past buys: 4 of 5 beat Chairman and CEO, Director, 10% owner Open-market buy $1.76M 1,017 sh at $1727.65
Mar 13 Sardar Biglari Past buys: 4 of 5 beat Chairman and CEO, Director, 10% owner Open-market buy $849K 2,810 sh at $302.20
Dec 17 Sardar Biglari Past buys: 4 of 5 beat Chairman and CEO, Director, 10% owner Open-market buy $998K 3,084 sh at $323.71
Dec 17 Sardar Biglari Past buys: 4 of 5 beat Chairman and CEO, Director, 10% owner Open-market buy $601K 368 sh at $1633.52
Dec 16 Sardar Biglari Past buys: 4 of 5 beat Chairman and CEO, Director, 10% owner Open-market buy $250K 156 sh at $1599.87
Dec 15 Sardar Biglari Past buys: 4 of 5 beat Chairman and CEO, Director, 10% owner Open-market buy $98.1K 60 sh at $1635.37
Dec 15 Sardar Biglari Past buys: 4 of 5 beat Chairman and CEO, Director, 10% owner Open-market buy $49.9K 152 sh at $328.00
Dec 12 Sardar Biglari Past buys: 4 of 5 beat Chairman and CEO, Director, 10% owner Open-market buy $150K 449 sh at $333.14
Show 3 older real trades
Dec 5 Sardar Biglari Past buys: 4 of 5 beat Chairman and CEO, Director, 10% owner Open-market buy $450K 1,465 sh at $306.90
Dec 4 Sardar Biglari Past buys: 4 of 5 beat Chairman and CEO, Director, 10% owner Open-market buy $349K 1,139 sh at $306.05
Dec 3 Sardar Biglari Past buys: 4 of 5 beat Chairman and CEO, Director, 10% owner Open-market buy $850K 2,802 sh at $303.32

"Past buys: 4 of 5 beat" means this insider bought stock in 5 earlier quarters, and in 4 of them what they bought did better than the typical stock over the next 6 months. A past record is data, not a forecast.

Showing every filing. Dashed circles are routine: grants, tax withholding, option exercises and planned sales.

Big bets

Funds with a big share of their money in BH-A or BH

As of Jun 30, 2026
FundOf fundValueChange
Biglari Capital Corp.80%$952M+9%

Funds that hold 150 stocks or fewer, where this stock is 3% or more of what they reported. "Of fund" is its share of the fund's 13F value.

Where this data comes from. Insider trades, fund holdings, activist stakes and company results come from public SEC EDGAR filings (Forms 4, 13F, 13D/13G, 10-Q and 8-K). Congress trades come from the STOCK Act reports members file with the House Clerk and the Senate. Daily closing prices come from post-no-preference/stocks on DoltHub, a community-run database shared under CC BY-SA 4.0; the prices we show stay under that license. They are each day's close, not live or official exchange prices.

This is data, not investment advice. About StockToast · Your watchlist