BH

Biglari Holdings Inc.

A diversified holding company based in San Antonio, Texas, that owns an eclectic collection of businesses—most notably the Steak 'n Shake and Western Sizzlin' restaurant chains, along with insurance firms and the MAXIM media brand. It grew out of activist investor Sardar Biglari's 2008 takeover of the struggling burger chain Steak 'n Shake, which he renamed Biglari Holdings in 2010. A fun detail: the Steak 'n Shake name came from founder Gus Belt, who in the 1930s would wheel a barrel of steak cuts into his dining room and grind burgers in front of customers.

CUSIP: 08986R101OtherUS1 holder

Ownership Activity Financials Filings

Schedule 13D / 13G filings

GAMCO Asset Management Inc.

13D/AActivist

% of class5.7%

Shares11.9K

FiledOct 21, 2025

The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the Issuer's management, filing the Schedule 13D ensures that these conversations are compliant with the reporting obligations under the Exchange Act.

GABELLI FUNDS LLC

13D/AActivist

% of class0.8%

Shares1.6K

FiledOct 21, 2025

GAMCO INVESTORS, INC. ET AL

13D/AActivist

% of class0%

Shares0

FiledOct 21, 2025

GGCP, INC.

13D/AActivist

% of class0%

Shares0

FiledOct 21, 2025

Associated Capital Group, Inc.

13D/AActivist

% of class0%

Shares0

FiledOct 21, 2025

GABELLI MARIO J

13D/AActivist

% of class0%

Shares0

FiledOct 21, 2025

BIGLARI, SARDAR

13D/AActivist

% of class74.3%

Shares153.7K

FiledDec 20, 2024

BIGLARI CAPITAL CORP.

13D/AActivist

% of class74.3%

Shares153.7K

FiledDec 20, 2024

LION FUND, L.P.

13D/AActivist

% of class61.9%

Shares128.0K

FiledDec 20, 2024

Holder	Schedule	% of class	Shares	Filed
GAMCO Asset Management Inc.	13D/AActivist	5.7%	11.9K	Oct 21, 2025
The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the Issuer's management, filing the Schedule 13D ensures that these conversations are compliant with the reporting obligations under the Exchange Act.
GABELLI FUNDS LLC	13D/AActivist	0.8%	1.6K	Oct 21, 2025
The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the Issuer's management, filing the Schedule 13D ensures that these conversations are compliant with the reporting obligations under the Exchange Act.
GAMCO INVESTORS, INC. ET AL	13D/AActivist	0%	0	Oct 21, 2025
The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the Issuer's management, filing the Schedule 13D ensures that these conversations are compliant with the reporting obligations under the Exchange Act.
GGCP, INC.	13D/AActivist	0%	0	Oct 21, 2025
The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the Issuer's management, filing the Schedule 13D ensures that these conversations are compliant with the reporting obligations under the Exchange Act.
Associated Capital Group, Inc.	13D/AActivist	0%	0	Oct 21, 2025
The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the Issuer's management, filing the Schedule 13D ensures that these conversations are compliant with the reporting obligations under the Exchange Act.
GABELLI MARIO J	13D/AActivist	0%	0	Oct 21, 2025
The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the Issuer's management, filing the Schedule 13D ensures that these conversations are compliant with the reporting obligations under the Exchange Act.
BIGLARI, SARDAR	13D/AActivist	74.3%	153.7K	Dec 20, 2024
BIGLARI CAPITAL CORP.	13D/AActivist	74.3%	153.7K	Dec 20, 2024
LION FUND, L.P.	13D/AActivist	61.9%	128.0K	Dec 20, 2024