Biglari Holdings Class B (BH)

• Market cap: $778M
• 1 day: 2.86%
• 5 days: 8.51%
• 1 month: 19.03%
• 3 months: 43.45%
• 6 months: 34.69%
• Year to date: 57.53%
• 1 year: 48.54%
• 5 years: 119.91%
• 10 years: -31.61%
• Sector: Consumer Discretionary
• Industry: Eating Places

About: Biglari Holdings Inc is a holding company that owns subsidiaries in a range of businesses. The company's reportable segments include Restaurant Operations, Insurance Operations, Oil and Gas Operations, and Maxim. The majority of revenue is derived from the Restaurant Operations segment. The Restaurant Operations segment includes Steak n Shake and Western Sizzlin Restaurant businesses.

Employees: 2,466

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

47% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 15

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

0.05% less ownership

Funds ownership: 82.4% [Q2] → 82.35% (-0.05%) [Q3]

3% less funds holding

Funds holding: 72 [Q2] → 70 (-2) [Q3]

11% less capital invested

Capital invested by funds: $330M [Q2] → $293M (-$36.6M) [Q3]

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11