Biglari Capital
Sardar BiglariSan Antonio, TXfiles as BIGLARI CAPITAL CORP.
$1.2bn in 12 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 2.9% of the portfolio this quarter.
Value
$1.2bn
Stocks
12
Top 10 share
100.0%
Turnover
2.9%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- Biglari HoldingsBH52.5% of the fund+4%
- FerrariRACE10.8% of the fund+19%
Cut
Sold some of their stake.
- El Pollo Loco HoldingsLOCO5.4% of the fund-6%
- Cracker Barrel Old Country StoreCBRL<0.1% of the fund-94%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Berkshire Hathaway INC DELBRK-A
- Share
- 0.1%
- Value
- $1m
- Shares
- 2
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Biglari HoldingsBH | 52.5% | $627m | 1,472,237 | +4% |
| Biglari HoldingsBH-A | 27.2% | $325m | 154,474 | Held |
| FerrariRACE | 10.8% | $129m | 346,981 | +19% |
| El Pollo Loco HoldingsLOCO | 5.4% | $64m | 3,777,400 | -6% |
| Jack IN the BOXJACK | 2.2% | $27m | 1,683,652 | Held |
| Wynn ResortsWYNN | 1.2% | $14m | 143,801 | Held |
| CarMaxKMX | 0.6% | $7m | 125,420 | Held |
| Berkshire Hathaway INC DELBRK-A | 0.1% | $1m | 2 | Held |
| Bausch Health CompaniesBHC | <0.1% | $202,475 | 41,070 | Held |
| Cracker Barrel Old Country StoreCBRL | <0.1% | $106,600 | 2,000 | -94% |
| Taiwan Semiconductor ManufacturingTSM | <0.1% | $47,757 | 100 | Held |
| Coca-ColaKO | <0.1% | $9,752 | 120 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 38.1% since 30 June 2025.
Where the money is
Retail & consumer99.9%
Health care0.0%
Technology0.0%
Everyday goods0.0%
Other0.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.