Cliff Asness's BH Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 5,862 shares of Biglari Holdings Inc. (BH) worth $1.95 M, representing 0.00% of the portfolio. First purchased in 2018-Q2, this medium-term investment has been held for 18 quarters.
Based on 13F filings, Cliff Asness has maintained a strategic position in BH, demonstrating sustained confidence in this investment. Largest addition occurred in Q4 2019, adding 12,014 shares. Largest reduction occurred in Q1 2021, reducing 12,185 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Biglari Holdings (BH) Holding Value Over Time
Track share changes against reported price movement
Quarterly Biglari Holdings (BH) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +2,683 | Add 84.40% | 5,862 | $332.43 |
| Q3 2025 | +2,384 | Add 299.87% | 3,179 | $323.65 |
| Q2 2025 | +795 | New Buy | 795 | $292.21 |
| Q4 2021 | -1,305 | Sold Out | 0 | $0.00 |
| Q3 2021 | +1,305 | New Buy | 1,305 | $171.65 |
| Q2 2021 | -2,149 | Sold Out | 0 | $0.00 |
| Q1 2021 | -12,185 | Reduce 85.01% | 2,149 | $132.62 |
| Q4 2020 | -9,412 | Reduce 39.64% | 14,334 | $111.20 |
| Q3 2020 | -8,924 | Reduce 27.32% | 23,746 | $89.03 |
| Q2 2020 | +8,256 | Add 33.82% | 32,670 | $68.99 |
| Q1 2020 | +8,430 | Add 52.74% | 24,414 | $51.40 |
| Q4 2019 | +12,014 | Add 302.62% | 15,984 | $114.43 |
| Q3 2019 | +1,884 | Add 90.32% | 3,970 | $109.07 |
| Q2 2019 | -2,784 | Reduce 57.17% | 2,086 | $104.03 |
| Q1 2019 | -1,342 | Reduce 21.60% | 4,870 | $141.27 |
| Q4 2018 | -10,176 | Reduce 62.09% | 6,212 | $113.65 |
| Q3 2018 | +7,509 | Add 84.57% | 16,388 | $181.35 |
| Q2 2018 | +8,879 | New Buy | 8,879 | $183.47 |
Cliff Asness's Biglari Holdings Investment FAQs
Cliff Asness first purchased Biglari Holdings Inc. (BH) in Q2 2018, acquiring 8,879 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Biglari Holdings Inc. (BH) for 18 quarters since Q2 2018.
Cliff Asness's largest addition to Biglari Holdings Inc. (BH) was in Q4 2019, adding 15,984 shares worth $1.83 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 5,862 shares of Biglari Holdings Inc. (BH), valued at approximately $1.95 M.
As of the Q4 2025 filing, Biglari Holdings Inc. (BH) represents approximately 0.00% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Biglari Holdings Inc. (BH) was 32,670 shares, as reported at the end of Q2 2020.