Lion Fund, L.P. insider trades: Biglari Holdings (BH) stock buys and sales
Trades on the price chart
Daily close, with an arrow on each day they bought or sold
Companies
Where Lion Fund, L.P. reports to the SEC
and 2 more companies
Open-market buys and sales
181 trades reported on SEC Form 4, newest first
| Date | Stock | Type | Shares | Price | Value | Holding | Reported |
|---|---|---|---|---|---|---|---|
| May 14, 2026 | BH | ↑ Buy | 52,674 | $255.15 | $13.4M | By The Lion Fund, L.P. | May 14, 2026 (0d) |
| Mar 9, 2026 | BH | ↑ Buy | 3,320 | $301.06 | $1000K | By The Lion Fund, L.P. | Mar 9, 2026 (0d) |
| Mar 6, 2026 | BH | ↑ Buy | 2,441 | $307.20 | $750K | By The Lion Fund, L.P. | Mar 6, 2026 (0d) |
| Dec 17, 2025 | BH | ↑ Buy | 3,084 | $323.71 | $998K | By The Lion Fund, L.P. | Dec 17, 2025 (0d) |
| Dec 17, 2025 | BH | ↑ Buy | 368 | $1633.52 | $601K | By The Lion Fund, L.P. | Dec 17, 2025 (0d) |
| Dec 16, 2025 | BH | ↑ Buy | 216 | $1609.73 | $348K | By The Lion Fund, L.P. | Dec 16, 2025 (0d) |
| Dec 15, 2025 | BH | ↑ Buy | 601 | $331.84 | $199K | By The Lion Fund, L.P. | Dec 16, 2025 (1d) |
| Dec 10, 2025 | BH | ↑ Buy | 2,221 | $317.73 | $706K | By The Lion Fund, L.P. | Dec 10, 2025 (0d) |
| Dec 5, 2025 | BH | ↑ Buy | 5,406 | $304.87 | $1.6M | By The Lion Fund, L.P. | Dec 5, 2025 (0d) |
| Nov 24, 2025 | BH | ↑ Buy | 1,819 | $274.74 | $500K | By The Lion Fund, L.P. | Nov 24, 2025 (0d) |
| Nov 24, 2025 | BH | ↑ Buy | 213 | $1406.27 | $300K | By The Lion Fund, L.P. | Nov 24, 2025 (0d) |
| Dec 17, 2024 | BH | ↑ Buy | 682 | $1250.34 | $853K | By The Lion Fund, L.P. | Dec 19, 2024 (2d) |
| Dec 17, 2024 | BH | ↑ Buy | 2,589 | $249.55 | $646K | By The Lion Fund, L.P. | Dec 19, 2024 (2d) |
| Dec 16, 2024 | BH | ↑ Buy | 408 | $1176.90 | $480K | By The Lion Fund, L.P. | Dec 16, 2024 (0d) |
| Dec 16, 2024 | BH | ↑ Buy | 1,070 | $234.23 | $251K | By The Lion Fund, L.P. | Dec 16, 2024 (0d) |
| Dec 5, 2024 | BH | ↑ Buy | 2,167 | $228.47 | $495K | By The Lion Fund, L.P. | Dec 9, 2024 (4d) |
| Dec 4, 2024 | BH | ↑ Buy | 4,702 | $221.37 | $1.0M | By The Lion Fund, L.P. | Dec 4, 2024 (0d) |
| Dec 3, 2024 | BH | ↑ Buy | 418 | $1098.29 | $459K | By The Lion Fund, L.P. | Dec 4, 2024 (1d) |
| Nov 27, 2024 | BH | ↑ Buy | 2,893 | $211.00 | $610K | By The Lion Fund, L.P. | Nov 29, 2024 (2d) |
| Nov 27, 2024 | BH | ↑ Buy | 457 | $1057.37 | $483K | By The Lion Fund, L.P. | Nov 29, 2024 (2d) |
| Nov 22, 2024 | BH | ↑ Buy | 2,426 | $208.43 | $506K | By The Lion Fund, L.P. | Nov 22, 2024 (0d) |
| Nov 20, 2024 | BH | ↑ Buy | 1 | $1030.00 | $1K | By The Lion Fund, L.P. | Nov 22, 2024 (2d) |
| Nov 19, 2024 | BH | ↑ Buy | 14,065 | $209.49 | $2.9M | By The Lion Fund, L.P. | Nov 19, 2024 (0d) |
| Nov 19, 2024 | BH | ↑ Buy | 1,130 | $1048.89 | $1.2M | By The Lion Fund, L.P. | Nov 19, 2024 (0d) |
| Nov 14, 2024 | BH | ↑ Buy | 15,454 | $196.69 | $3.0M | By The Lion Fund, L.P. | Nov 14, 2024 (0d) |
| Nov 14, 2024 | BH | ↑ Buy | 2,761 | $989.54 | $2.7M | By The Lion Fund, L.P. | Nov 14, 2024 (0d) |
| Mar 15, 2024 | BH | ↑ Buy | 3,873 | $192.37 | $745K | By The Lion Fund, L.P. | Mar 18, 2024 (3d) |
| Mar 15, 2024 | BH | ↑ Buy | 157 | $984.30 | $155K | By The Lion Fund, L.P. | Mar 18, 2024 (3d) |
| Mar 13, 2024 | BH | ↑ Buy | 566 | $953.72 | $540K | By The Lion Fund, L.P. | Mar 14, 2024 (1d) |
| Mar 13, 2024 | BH | ↑ Buy | 1,599 | $192.89 | $308K | By The Lion Fund, L.P. | Mar 14, 2024 (1d) |
| Mar 11, 2024 | BH | ↑ Buy | 3,332 | $187.36 | $624K | By The Lion Fund, L.P. | Mar 11, 2024 (0d) |
| Mar 11, 2024 | BH | ↑ Buy | 250 | $938.73 | $235K | By The Lion Fund, L.P. | Mar 11, 2024 (0d) |
| Mar 6, 2024 | BH | ↑ Buy | 2,601 | $180.37 | $469K | By The Lion Fund, L.P. | Mar 6, 2024 (0d) |
| Mar 6, 2024 | BH | ↑ Buy | 48 | $920.21 | $44K | By The Lion Fund, L.P. | Mar 6, 2024 (0d) |
| Dec 15, 2023 | BH | ↑ Buy | 264 | $890.41 | $235K | By The Lion Fund, L.P. | Dec 15, 2023 (0d) |
| Dec 15, 2023 | BH | ↑ Buy | 924 | $177.03 | $164K | By The Lion Fund, L.P. | Dec 15, 2023 (0d) |
| Dec 13, 2023 | BH | ↑ Buy | 8,889 | $163.71 | $1.5M | By The Lion Fund, L.P. | Dec 13, 2023 (0d) |
| Dec 13, 2023 | BH | ↑ Buy | 836 | $809.16 | $676K | By The Lion Fund, L.P. | Dec 13, 2023 (0d) |
| Dec 17, 2021 | BH | ↑ Buy | 10,072 | $148.68 | $1.5M | By The Lion Fund II, L.P. | Dec 20, 2021 (3d) |
| Dec 14, 2021 | BH | ↑ Buy | 936 | $143.89 | $135K | By The Lion Fund II, L.P. | Dec 15, 2021 (1d) |
| Nov 24, 2021 | BH | ↑ Buy | 28,768 | $143.20 | $4.1M | By The Lion Fund II, L.P. | Nov 24, 2021 (0d) |
| Nov 24, 2021 | BH | ↑ Buy | 198 | $720.74 | $143K | By The Lion Fund II, L.P. | Nov 24, 2021 (0d) |
| Aug 12, 2021 | BH | ↑ Buy | 12,937 | $171.56 | $2.2M | By The Lion Fund II, L.P. | Aug 12, 2021 (0d) |
| Aug 12, 2021 | BH | ↑ Buy | 1,618 | $850.68 | $1.4M | By The Lion Fund II, L.P. | Aug 12, 2021 (0d) |
| Jun 16, 2021 | BH | ↑ Buy | 148 | $907.50 | $134K | By The Lion Fund II, L.P. | Jun 16, 2021 (0d) |
| Jun 14, 2021 | BH | ↑ Buy | 820 | $910.24 | $746K | By The Lion Fund II, L.P. | Jun 14, 2021 (0d) |
| Jun 8, 2021 | BH | ↑ Buy | 1,775 | $859.13 | $1.5M | By The Lion Fund II, L.P. | Jun 8, 2021 (0d) |
| Jun 2, 2021 | BH | ↑ Buy | 719 | $845.22 | $608K | By The Lion Fund II, L.P. | Jun 2, 2021 (0d) |
| May 17, 2021 | BH | ↑ Buy | 135 | $770.00 | $104K | By The Lion Fund II, L.P. | May 19, 2021 (2d) |
| May 13, 2021 | BH | ↑ Buy | 19,311 | $149.04 | $2.9M | By The Lion Fund II, L.P. | May 13, 2021 (0d) |
Each row is one filing's trades in one stock, summed. Shares and prices are as filed, before any later stock split.
Other BH insiders
Open-market trades in the last 12 months
About Lion Fund, L.P.'s insider trades
Lion Fund, L.P. is a 10% owner of Biglari Holdings (BH). Since Aug 8, 2005, it has reported 179 open-market purchases worth $544.8M and 2 sales worth $3.6M on SEC Form 4. In the last 12 months: 11 buys ($20.5M).
Its filings also include other transactions (11 filings), option exercises (8 filings), grants and awards (1 filing), shares returned to the company (1 filing). These aren't open-market trades and aren't counted above.
How to read insider trades
Officers, directors and owners of more than 10% of a company must report trades in its stock on SEC Form 4, usually within two business days. Purchases with their own money are the stronger signal: insiders sell for many reasons (taxes, diversification, a house), but buy for one. See every BH insider trade, the latest insider trades across the market, or cluster buys, when several insiders buy the same stock within days.