DOSSIER · 13F-HR · Q1 2026

BIGLARI CAPITAL CORP.

BIGLARI's hedge fund based in Omaha, NE $929M in tracked AUM across 19 positions as of Q1 2026.

B
BIGLARI·Omaha, NE·Hedge Fund
CIK 0001334429 · last filed Mar 31, 2026
Total AUM
$929M
17.9%
vs prior
Holdings
19
positions
Whale Score
78
78
strong
Activity
no data
changes this Q
Top sector
Tech
6% weight
concentration
AI Analysis · Q1 2026 · Q1 2026

Portfolio Overview

The filing for Biglari Capital Corp. (CIK: 0001334429) as of September 30, 2025, reveals an extremely concentrated, high-conviction portfolio characterized by low turnover and a substantial allocation to the filer’s own controlled entity. The total portfolio value decreased by 5.8%, declining from $865.09 million to $815.25 million. The portfolio consists of only 7 holdings, indicating a strategy that prioritizes select few high-conviction bets over broad diversification....

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
BH
BIGLARI HLDGS INC
$467M1.4M50.3%
02
BH/A
BIGLARI HLDGS INC
$269M154K29.0%
03
N3167Y103
FERRARI N V
$99M292K10.6%
04
LOCO
EL POLLO LOCO HLDGS INC
$55M4.0M6.0%
05
JACK
JACK IN THE BOX INC
$16M1.7M1.8%
06
WYNN
WYNN RESORTS LTD
$15M144K1.6%
07
KMX
CARMAX INC
$5M125K0.6%
08
BRK/A
BERKSHIRE HATHAWAY INC DEL
$1M20.2%
09
CBRL
CRACKER BARREL OLD CTRY STOR
$1M36K0.1%
10
BHC
BAUSCH HEALTH COS INC
$221,77841K0.0%

Filing history

Filing history loading…