BIGLARI CAPITAL CORP. — 13F Holdings & Portfolio
CIK 1334429 · latest 13F-HR filed 2026-08-14
BIGLARI CAPITAL CORP. manages $1.19B in 13F-reported U.S. long-equity assets across 19 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are BH (49.94%), BH.A (22.69%), RACE (9.18%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 0 new positions and exited 0; 8 existing positions rose in reported value and 2 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 100%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Mar 28, 2026.
SUITE 1200
SAN ANTONIO, TX 78259
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BIGLARI, SARDAR Control | CHAIRMAN & CEO / MANAGING MEMBER since Oct 2000 | 75% or more | Individual |
| LEWIS, BRUCE Control | CHIEF COMPLIANCE OFFICER since Jul 2013 | Less than 5% | Individual |
Ownership & leadership changes · 2 filings with changes since May 24, 2013
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- ChangedBIGLARI, SARDAR · title CHAIRMAN & CEO → CHAIRMAN & CEO / MANAGING MEMBER
- No longer listedBIGLARI HOLDINGS INC. · SOLE SHAREHOLDER · 75% or more · control person · listed since Apr 2010
- No longer listedGEIGER, DUANE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jan 2012
- AddedLEWIS, BRUCE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedBIGLARI, SARDAR · ownership Less than 5% → 75% or more
- ListedBIGLARI HOLDINGS INC. · SOLE SHAREHOLDER · 75% or more · control person
- ListedBIGLARI, SARDAR · CHAIRMAN & CEO · Less than 5% · control person
- ListedGEIGER, DUANE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- BIGLARI HLDGS INC$160.1M +34.3%
- BIGLARI HLDGS INC$55.9M +20.8%
- FERRARI N V$30.4M +30.7%
- JACK IN THE BOX INC$10.3M +63.5%
- EL POLLO LOCO HLDGS INC$8.6M +15.6%
Top Trims
- CRACKER BARREL OLD CTRY STOR-$901.4K -89.4%
- BAUSCH HEALTH COS INC-$19.3K -8.7%
BIGLARI CAPITAL CORP. Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | BIGLARI HLDGS INC | BH | 08986R309 | $596.6M | 49.94% | 1,400,382 | SH |
| 2 | BIGLARI HLDGS INC | BH.A | 08986R408 | $271.1M | 22.69% | 128,811 | SH |
| 3 | FERRARI N V | RACE | N3167Y103 | $109.6M | 9.18% | 294,481 | SH |
| 4 | EL POLLO LOCO HLDGS INC | LOCO | 268603107 | $64.1M | 5.36% | 3,777,400 | SH |
| 5 | BIGLARI HLDGS INC | BH.A | 08986R408 | $54.0M | 4.52% | 25,663 | SH |
| 6 | BIGLARI HLDGS INC | BH | 08986R309 | $30.6M | 2.56% | 71,855 | SH |
| 7 | FERRARI N V | RACE | N3167Y103 | $19.5M | 1.64% | 52,500 | SH |
| 8 | JACK IN THE BOX INC | JACK | 466367109 | $18.0M | 1.51% | 1,140,952 | SH |
| 9 | WYNN RESORTS LTD | WYNN | 983134107 | $13.0M | 1.09% | 134,400 | SH |
| 10 | JACK IN THE BOX INC | JACK | 466367109 | $8.6M | 0.72% | 542,700 | SH |
| 11 | CARMAX INC | KMX | 143130102 | $6.3M | 0.53% | 118,900 | SH |
| 12 | BERKSHIRE HATHAWAY INC DEL | BRK.A | 084670108 | $1.5M | 0.13% | 2 | SH |
| 13 | WYNN RESORTS LTD | WYNN | 983134107 | $912.7K | 0.08% | 9,401 | SH |
| 14 | CARMAX INC | KMX | 143130102 | $344.8K | 0.03% | 6,520 | SH |
| 15 | BAUSCH HEALTH COS INC | BHC | 071734107 | $202.5K | 0.02% | 41,070 | SH |
| 16 | CRACKER BARREL OLD CTRY STOR | CBRL | 22410J106 | $106.6K | 0.01% | 2,000 | SH |
| 17 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $47.8K | 0.00% | 100 | SH |
| 18 | COCA COLA CO | KO | 191216100 | $8.1K | 0.00% | 100 | SH |
| 19 | COCA COLA CO | KO | 191216100 | $1.6K | 0.00% | 20 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $1.19B | 19 | 0000921895-26-002189 |
| 2026-03-31 | 2026-05-15 | $929.4M | 19 | 0000921895-26-001419 |
| 2025-12-31 | 2026-02-17 | $932.7M | 19 | 0000921895-26-000460 |
| 2025-09-30 | 2025-11-14 | $913.2M | 20 | 0000921895-25-003109 |
SAN ANTONIO, TX 78259