New Positions
21 managers initiated
Top five by reported value
Biglari Holdings Inc. NYQ:BH
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
21 new29 added55 reduced11 exited
Total Institutional Holders
105
as of 2025-12-31
Top Holder
Biglari Capital Corp.
$467.9M
Largest QoQ Increase
Qube Research & Technologies Ltd
+15,580 sh
Largest QoQ Decrease
JPMORGAN CHASE & CO
-16,589 sh
New Positions(21)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| MILLENNIUM MANAGEMENT LLC | 10,548 | +10,548 | $3.5M | +$3.5M | — |
| CITADEL ADVISORS LLC | 8,671 | +8,671 | $2.9M | +$2.9M | — |
| Trexquant Investment LP | 7,953 | +7,953 | $2.6M | +$2.6M | — |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 2,321 | +2,321 | $771.6K | +$771.6K | — |
| CAXTON ASSOCIATES LLP | 2,126 | +2,126 | $706.7K | +$706.7K | — |
| Susquehanna Portfolio Strategies, LLC | 1,647 | +1,647 | $547.5K | +$547.5K | — |
| Logan Stone Capital, LLC | 1,620 | +1,620 | $538.5K | +$538.5K | — |
| Quadrature Capital Ltd | 1,593 | +1,593 | $529.6K | +$529.6K | — |
| Brooklyn Investment Group | 1,180 | +1,180 | $413.9K | +$413.9K | — |
| Saber Capital Managment, LLC | 1,215 | +1,215 | $403.9K | +$403.9K | — |
| Polymer Capital Management (US) LLC | 1,171 | +1,171 | $389.3K | +$389.3K | — |
| INCEPTIONR LLC | 1,061 | +1,061 | $352.7K | +$352.7K | — |
| Shay Capital LLC | 750 | +750 | $249.3K | +$249.3K | — |
| EntryPoint Capital, LLC | 741 | +741 | $246.3K | +$246.3K | — |
| MARSHALL WACE, LLP | 704 | +704 | $234.0K | +$234.0K | — |
| Schonfeld Strategic Advisors LLC | 684 | +684 | $227.4K | +$227.4K | — |
| Squarepoint Ops LLC | 643 | +643 | $213.8K | +$213.8K | — |
| Farther Finance Advisors, LLC | 59 | +59 | $19.6K | +$19.6K | — |
| Rockefeller Capital Management L.P. | 17 | +17 | $5.7K | +$5.7K | — |
| IFP Advisors, Inc | 5 | +5 | $1.7K | +$1.7K | — |
| ROTHSCHILD INVESTMENT LLC | 1 | +1 | $332 | +$332 | — |
Added To(29)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Biglari Capital Corp. | 1,407,568 | +13,131 | $467.9M | +$16.6M | 0.9% |
| Qube Research & Technologies Ltd | 20,391 | +15,580 | $6.8M | +$5.2M | 323.8% |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 25,048 | +10,423 | $8.3M | +$3.6M | 71.3% |
| Point72 Asset Management, L.P. | 10,690 | +9,228 | $3.6M | +$3.1M | 631.2% |
| GOLDMAN SACHS GROUP INC | 9,173 | +5,037 | $3.0M | +$1.7M | 121.8% |
| DIMENSIONAL FUND ADVISORS LP | 102,190 | +1,371 | $34.0M | +$1.3M | 1.4% |
| VANGUARD GROUP INC | 39,931 | +1,829 | $13.3M | +$942.6K | 4.8% |
| AQR CAPITAL MANAGEMENT LLC | 5,862 | +2,683 | $1.9M | +$919.8K | 84.4% |
| OCCUDO QUANTITATIVE STRATEGIES LP | 2,381 | +1,370 | $791.5K | +$464.3K | 135.5% |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 17,676 | +732 | $5.9M | +$392.1K | 4.3% |
| Empowered Funds, LLC | 11,607 | +863 | $3.9M | +$381.2K | 8.0% |
| AlphaQuest LLC | 961 | +867 | $319.5K | +$289.0K | 922.3% |
| STATE OF WISCONSIN INVESTMENT BOARD | 2,366 | +778 | $786.5K | +$272.6K | 49.0% |
| GEODE CAPITAL MANAGEMENT, LLC | 14,632 | +211 | $4.9M | +$196.7K | 1.5% |
| Peapod Lane Capital LLC | 12,399 | +90 | $4.1M | +$137.6K | 0.7% |
| BANK OF AMERICA CORP /DE/ | 730 | +251 | $242.7K | +$87.6K | 52.4% |
| LPL Financial LLC | 2,052 | +138 | $682.1K | +$62.7K | 7.2% |
| FMR LLC | 362 | +173 | $120.4K | +$59.4K | 91.5% |
| CITIGROUP INC | 1,161 | +98 | $386.0K | +$41.9K | 9.2% |
| WELLS FARGO & COMPANY/MN | 785 | +68 | $261.0K | +$29.1K | 9.5% |
| Caitong International Asset Management Co., Ltd | 110 | +68 | $36.6K | +$23.0K | 161.9% |
| DEUTSCHE BANK AG\ | 419 | +55 | $139.3K | +$21.5K | 15.1% |
| BNP PARIBAS ARBITRAGE, SNC | 158 | +20 | $52.5K | +$7.9K | 14.5% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 325 | +12 | $108.0K | +$6.7K | 3.8% |
| Optiver Holding B.V. | 22 | +10 | $7.3K | +$3.4K | 83.3% |
| JONES FINANCIAL COMPANIES LLLP | 91 | +2 | $30.3K | +$1.1K | 2.2% |
| EverSource Wealth Advisors, LLC | 11 | +2 | $3.7K | +$743 | 22.2% |
| State of Alaska, Department of Revenue | 353 | +193 | $117 | +$66 | 120.6% |
| CWM, LLC | 141 | +44 | $47 | +$16 | 45.4% |
Reduced(55)
Sold Out(11)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Jump Financial, LLC | 0 | -2,980 | $0 | -$964.5K | — |
| Cubist Systematic Strategies, LLC | 0 | -2,690 | $0 | -$870.5K | — |
| Semanteon Capital Management, LP | 0 | -1,747 | $0 | -$565.4K | — |
| TWO SIGMA ADVISERS, LP | 0 | -1,000 | $0 | -$323.6K | — |
| Engineers Gate Manager LP | 0 | -724 | $0 | -$234.3K | — |
| Dynamic Technology Lab Private Ltd | 0 | -636 | $0 | -$206.0K | — |
| MEEDER ASSET MANAGEMENT INC | 0 | -106 | $0 | -$34.3K | — |
| SRS Capital Advisors, Inc. | 0 | -28 | $0 | -$9.1K | — |
| HRT FINANCIAL LP | 0 | -1,174 | $0 | -$379 | — |
| Clearstead Advisors, LLC | 0 | -1 | $0 | -$324 | — |
| SALEM INVESTMENT COUNSELORS INC | 0 | -1 | $0 | -$324 | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| Biglari Capital Corp. | 1,407,568 | $467.9M | +13,131 | 0.9% |
| DIMENSIONAL FUND ADVISORS LP | 102,190 | $34.0M | +1,371 | 1.4% |
| BlackRock, Inc. | 49,843 | $16.6M | -4,062 | -7.5% |
| VANGUARD GROUP INC | 39,931 | $13.3M | +1,829 | 4.8% |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 25,048 | $8.3M | +10,423 | 71.3% |
| Invesco Ltd. | 24,013 | $8.0M | -16,430 | -40.6% |
| Qube Research & Technologies Ltd | 20,391 | $6.8M | +15,580 | 323.8% |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 17,676 | $5.9M | +732 | 4.3% |
| JPMORGAN CHASE & CO | 16,067 | $5.3M | -16,589 | -50.8% |
| GEODE CAPITAL MANAGEMENT, LLC | 14,632 | $4.9M | +211 | 1.5% |
| STATE STREET CORP | 13,164 | $4.4M | -2,686 | -16.9% |
| Peapod Lane Capital LLC | 12,399 | $4.1M | +90 | 0.7% |
| Empowered Funds, LLC | 11,607 | $3.9M | +863 | 8.0% |
| Connor, Clark & Lunn Investment Management Ltd. | 11,022 | $3.7M | -6 | -0.1% |
| RENAISSANCE TECHNOLOGIES LLC | 10,970 | $3.6M | -4,406 | -28.6% |
| Point72 Asset Management, L.P. | 10,690 | $3.6M | +9,228 | 631.2% |
| MILLENNIUM MANAGEMENT LLC | 10,548 | $3.5M | +10,548 | — |
| GOLDMAN SACHS GROUP INC | 9,173 | $3.0M | +5,037 | 121.8% |
| CITADEL ADVISORS LLC | 8,671 | $2.9M | +8,671 | — |
| Trexquant Investment LP | 7,953 | $2.6M | +7,953 | — |
New & Closed Positions this quarter
Closed Positions
11 managers exited
Top five by prior-quarter value
- Jump Financial, LLC$964.5K
- Cubist Systematic Strategies, LLC$870.5K
- Semanteon Capital Management, LP$565.4K
- TWO SIGMA ADVISERS, LP$323.6K
- Engineers Gate Manager LP$234.3K
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for BH against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.