Biglari, Sardar
San Antonio, TX
$62m in 10 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 5.9% of the portfolio this quarter.
Value
$62m
Stocks
10
Top 10 share
100.0%
Turnover
5.9%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- FerrariRACE33.7% of the fund+14%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Alibaba Group HldgBABA
- Share
- 1.2%
- Value
- $743,845
- Shares
- 7,750
Held
- Atlantic AmericanAAME
- Share
- 0.3%
- Value
- $176,788
- Shares
- 105,861
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| FerrariRACE | 33.7% | $21m | 56,400 | +14% |
| Coca-ColaKO | 14.4% | $9m | 110,248 | Held |
| El Pollo Loco HoldingsLOCO | 13.3% | $8m | 489,247 | Held |
| Taiwan Semiconductor ManufacturingTSM | 11.6% | $7m | 15,111 | Held |
| Wynn ResortsWYNN | 11.0% | $7m | 70,200 | Held |
| Cracker Barrel Old Country StoreCBRL | 5.9% | $4m | 69,141 | Held |
| Jack IN the BOXJACK | 5.1% | $3m | 200,617 | Held |
| CarMaxKMX | 3.5% | $2m | 41,100 | Held |
| Alibaba Group HldgBABA | 1.2% | $743,845 | 7,750 | Held |
| Atlantic AmericanAAME | 0.3% | $176,788 | 105,861 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 32.0% since 30 June 2025.
Where the money is
Retail & consumer72.5%
Everyday goods14.4%
Technology11.6%
Financial services0.3%
Other1.2%
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.