Biglari
Owns Steak n Shake, insurers, oil and gas assets, Maxim, and investment partnerships.
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Breakdown13F · Form 4
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 3.14M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Institutions13F, as of Mar 31, 2026
116 holders · 2.04M shares · 30 new positions · 61 increased · 30 reduced · 20 closed
| Holder | Shares | % outstanding | Chg q/q | Filed |
|---|---|---|---|---|
| Biglari Capital Corp. | 1.42M | 45.15% | +9.7K | May 15, 2026 |
| Dimensional Fund Advisors LP | 102.2K | 3.26% | +57 | May 7, 2026 |
| Swiss Life Asset Management Ltd | 66.1K | 2.11% | +66.1Knew | May 14, 2026 |
| BlackRock, Inc. | 45.0K | 1.44% | −4.8K | May 13, 2026 |
| Marshall Wace, LLP | 32.2K | 1.03% | +31.5K | May 15, 2026 |
| Vanguard Capital Management LLC | 29.8K | 0.95% | +29.8Knew | May 15, 2026 |
| Qube Research & Technologies Ltd | 22.4K | 0.71% | +2.0K | May 15, 2026 |
| Renaissance Technologies LLC | 21.7K | 0.69% | +10.8K | May 14, 2026 |
Beneficial owners13D/G · 5% or more, as filed
No 13D/G filer at 5% or more on record.
InsidersForm 4
| Insider | Role | Shares | % outstanding | Filed |
|---|---|---|---|---|
| Sardar Biglari | director, 10 percent owner, officer: Chairman and CEO | 1.53M | 48.72% | Jun 5, 2026 |
1 ten-percent owner holds 120.0K shares by Form 4, outside the officers-and-directors figure above · 6 people have not refiled in the last 18 months (1.30M shares), so they are not in the figure above
Latest trades
| Date | Insider | Type | Shares | Avg price | Owned after |
|---|---|---|---|---|---|
| Jun 4, 2026 | Sardar Biglaridirector, 10 percent owner, officer: Chairman and CEO | Purchase | 1,743 | $286.76 | 1,399,847 |
| Jun 5, 2026 | Sardar Biglaridirector, 10 percent owner, officer: Chairman and CEO | Purchase | 535 | $297.14 | 1,400,382 |
| May 12, 2026 | Sardar Biglaridirector, 10 percent owner, officer: Chairman and CEO | Purchase | 22,965 | $249.84 | 1,368,395 |
| May 13, 2026 | Sardar Biglaridirector, 10 percent owner, officer: Chairman and CEO | Purchase | 15,358 | $260.36 | 1,383,753 |
| May 14, 2026 | Sardar Biglaridirector, 10 percent owner, officer: Chairman and CEO | Purchase | 14,351 | $258.06 | 1,398,104 |
| Mar 13, 2026 | Sardar Biglaridirector, 10 percent owner, officer: Chairman and CEO | Purchase | 2,810 | $302.20 | 1,345,430 |
| Mar 9, 2026 | Sardar Biglaridirector, 10 percent owner, officer: Chairman and CEO | Purchase | 3,320 | $301.06 | 1,342,620 |
| Mar 6, 2026 | Sardar Biglaridirector, 10 percent owner, officer: Chairman and CEO | Purchase | 2,441 | $307.20 | 1,339,300 |
| Mar 3, 2026 | Sardar Biglaridirector, 10 percent owner, officer: Chairman and CEO | Purchase | 1,146 | $331.15 | 1,336,859 |
| Dec 17, 2025 | Sardar Biglaridirector, 10 percent owner, officer: Chairman and CEO | Purchase · 2 lots | 3,452 | $463.34 | 1,464,525 |
CongressHouse and Senate disclosures
Not reported.