{{articledata.title}}

Biglari Holdings (NYSE: $BH ) is a little-known micro-cap stock that has ambitions to be the next %BerkshireHathaway (NYSE: $BRK.A).

Based in San Antonio, Texas, Biglari Holdings is run by entrepreneur Sardar Biglari, who, by his own admission, is obsessed with famed investor Warren Buffett and his holding company Berkshire Hathaway.

As such, Biglari has structured his own holding company similar to Berkshire with the majority of his investments in insurance companies and oil and gas plays.

Currently, Biglari Holdings owns First Guard Insurance, Southern Pioneer Insurance, Southern Oil, and Abraxas Petroleum.

Biglari also owns the men's magazine Maxim and restaurant chains Steak n' Shake and Western Sizzlin'.

In addition to following in Buffett's footsteps, Biglari is an activist investor known for turning around struggling companies and brands.

Sardar Biglari has been in the news lately over his activist role at %CrackerBarrel (NASDAQ: $CBRL ), where he owns more than 10% of the company's stock.

Biglari was against Cracker Barrel's rebrand and helped to marshal opposition to it online, ultimately succeeding in getting the restaurant chain to return to its original logo.

As for his own company, Biglari Holdings trades on the New York Stock Exchange under the ticker symbol "BH."

The share price has gained 219% over the last five years, including a 78% increase over the past 12 months. So far in 2025, BH stock has risen 22%.

Yet the stock is a micro-cap with a small market capitalization of only $961.98 million U.S. The shares also trade at a price-earnings ratio (P/E) of 2.22.

Like Buffett, Biglari doesn't pay a dividend. But he's gaining a reputation for turning around struggling companies that he invests in and his holding company might be worth a look.