WhaleCreep

Biglari Capital Corp. 13F holdings, Q1 2015

Hedge fundSEC filingsCompare with another fundHoldings as of 2015-03-31, filed 2015-05-15

Biglari Capital Corp. disclosed 7 US equity positions worth $888.7m in its Q1 2015 13F filing. Its largest position is CBRL at 81.1% of the reported book, followed by BIGLARI HLDGS INC and AIRT. Versus Q4 2014 it opened 2 new positions, added to 2, reduced 0 and exited 2.

$889m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
7
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
81.1%
Largest position
The largest single position as a share of the reported equity book.
100%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
1
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
52
Quarters on file since Q3 2013
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q4 2014: 2 new, 2 added, 0 reduced, 2 exited

7 rows
CBRL CRACKER BARREL OLD CTRY STORConsumer Cyclical81.1%$721m4.74m0.0%held
BIGLARI HLDGS INC no ticker–16.5%$146m353,741+10%added
AIRT AIR T INC–0.9%$8.3m338,500–new
ISIGEUR INSIGNIA SYS INC–0.8%$6.9m2.31m0.0%held
FAST FASTENAL COIndustrials0.4%$3.2m78,000+875%added
CAWW CCA INDS INC–0.3%$2.5m776,2590.0%held
BRK/A BERKSHIRE HATHAWAY INC DEL–0.05%$435k2–new

Exited since Q4 2014

2 rows
AIR T INC no ticker1.1%$8.7m
BERKSHIRE HATHAWAY INC DEL no ticker0.06%$452k

Sector mix

  • Consumer Cyclical81.1%
  • Unclassified18.5%
  • Industrials0.4%

Book over time

Every quarter on file (52)
QuarterPositionsEquity book
Q2 202612$1.2bn
Q1 202612$929m
Q4 202512$933m
Q3 202512$913m
Q2 202512$865m
Q1 202513$709m
Q4 202413$839m
Q3 202413$651m
Q2 202412$657m
Q1 202412$746m
Q4 202312$679m
Q3 202312$640m
Q2 202312$755m
Q1 202312$718m
Q4 202212$583m
Q3 202211$529m
Q2 20229$477m
Q1 20229$671m
Q4 202111$660m
Q3 202112$727m
Q2 202110$706m
Q1 202110$699m
Q4 202010$562m
Q3 202010$498m
Q2 20209$426m
Q1 202010$295m
Q4 201910$587m
Q3 201912$570m
Q2 201911$746m
Q1 201910$875m
Q4 201811$910m
Q3 201810$1.0bn
Q2 201810$1.1bn
Q1 20187$1.2bn
Q4 20177$1.2bn
Q3 20177$1.1bn
Q2 20177$1.2bn
Q1 20178$1.2bn
Q4 20168$1.3bn
Q3 20168$1.1bn
Q2 201610$1.3bn
Q1 201610$1.1bn
Q4 201510$965m
Q3 20159$1.1bn
Q2 20157$878m
Q1 20157$889m
Q4 20147$815m
Q3 20145$595m
Q2 20145$581m
Q1 20145$510m
Q4 20135$566m
Q3 20134$515m

Where Biglari Capital Corp. was early

4 rows
FAST FASTENAL COQ4 201411 of 1420.05%1.4%4Exited by Q4 2015−23%
BH BIGLARI HLDGS INCQ2 20181 of 4219.0%52.5%33Held at last filing, Q2 2026+132%
BH/A BIGLARI HLDGS INCQ2 20181 of 2410.2%29.0%33Held at last filing, Q2 2026+122%
BHC BAUSCH HEALTH COS INCQ3 201813 of 1541.0%2.1%32Held at last filing, Q2 2026−81%

Concentration and tenure

54.4%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
100%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
5
Median completed holding, quarters