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LION FUND, L.P.

CIK 1334426 · last filed 2026-03-13

LION FUND, L.P. is a corporate insider who has filed 39 SEC Form 4 insider transactions across 6 companies since 2008. The most recent filing shows the insider bought $2.5M of BH.A on Mar 13, 2026. Across all open-market trades the lifetime net is +$184.5M, making them a net buyer over the disclosed history. Current disclosed insider exposure totals $529.3M across reported positions. The firm reports its address in San Antonio, TX. 170 SEC filings were submitted jointly with BIGLARI CAPITAL CORP.

"Disclosed insider exposure" sums this person's most-recently-reported share counts across each company they're an insider in, multiplied by the current underlying price. It is not net worth — it misses retail holdings, private investments, real estate, index funds, and any company where the person isn't an SEC-reporting insider. For informational purposes only.

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Disclosed Exposure

$529.25M

Companies

6

Total Filings

39

Lifetime Open-Market Net

$184.49M

Filer Profile

Reported Address
19100 RIDGEWOOD PKWY, SUITE 1200
SAN ANTONIO, TX 78259
Phone
(210) 344-3400
State of Incorporation
DE
Related Filers
BIGLARI CAPITAL CORP. — 170 joint filings, latest 2026-06-05
SARDAR BIGLARI — 167 joint filings, latest 2026-06-05
BIGLARI HOLDINGS INC. — 120 joint filings, latest 2016-02-05
WESTERN SIZZLIN CORP — 53 joint filings, latest 2013-07-08
LION FUND II, L.P. — 44 joint filings, latest 2022-06-10
Western Acquisitions L.P. — 16 joint filings, latest 2013-07-08
Western Investments Inc. — 16 joint filings, latest 2013-07-08
Steak N Shake Operations Inc. — 10 joint filings, latest 2013-07-03
Profile details as reported on the filer's SEC submissions — for individual insiders the address is often in care of the issuer. Related filers are identified from jointly filed SEC submissions and shared reported addresses. View filings on SEC EDGAR.

Holdings By Company

Latest on-record share count from this person's most recent non-derivative Form 4 transaction in each company. Disclosed exposure = shares × current underlying price.
Symbol Role Shares Price Disclosed Exposure Lifetime OM Net Filings Latest Filed
BH.A 10%+ Owner 128,812 $1707.65 $219.97M $84.88M 25 2026-03-13
BH 10%+ Owner 396,745 $345.34 $137.01M $59.15M 6 2016-01-25
BIGLARI HOLDINGS INC. (BH.WS) Delisted 10%+ Owner 269,663 — — $4.11M 2 2013-09-24
CBRL 10%+ Owner 3,823,165 $45.06 $172.27M $34.40M 2 2012-07-25
CCA INDUSTRIES INC (CAW) Delisted 388,130 — — $1.78M 2 2011-03-14
BIGLARI HOLDINGS INC. (SNS) Delisted 10%+ Owner 126,887 — — $166.9K 2 2008-11-20

Recent Filings

39 filings
Insider activity across all companies, newest first. Form 4 rows are post-trade confirmations (buys, sells, grants, exercises). Notice (144) rows are pre-trade notices of intent to sell restricted or control stock under Rule 144 — they may not all execute. Compare adjacent dates to see which notices became actual sales.
Filed Symbol Action Net Shares Net $ Link
2026-03-13 BH.A Buy (P) +8,430 $2.55M EDGAR
2026-03-06 BH.A Buy (P) +7,323 $2.25M EDGAR
2026-03-03 BH.A Buy (P) +3,438 $1.14M EDGAR
2025-12-16 BH.A Buy (P) +2,451 $1.64M EDGAR
2025-12-10 BH.A Buy (P) +6,663 $2.12M EDGAR
2024-12-19 BH.A Buy (P) +9,813 $4.50M EDGAR
2024-12-09 BH.A Buy (P) +6,501 $1.49M EDGAR
2024-11-29 BH.A Buy (P) +10,050 $3.28M EDGAR
2024-11-22 BH.A Buy (P) +7,281 $1.52M EDGAR
2024-11-14 BH.A Buy (P) +54,645 $17.32M EDGAR
Showing 1–10 of 39
Page 1 of 4
Form 4 codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (see filing footnote). Only P / S codes carry directional signal.
Notice (144 / 144/A): Form 144 is a notice of intent to sell restricted/control stock under Rule 144, filed before the sale; 144/A is an amendment. Many notices are pre-scheduled under Rule 10b5-1 plans. A Form 4 with code S typically follows within a few days when the planned sale executes; missing follow-up Form 4s suggest the notice was cancelled or modified.