Biglari Capital 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Biglari Capital disclosed 13 US equity positions worth $241.5m in its Q1 2025 13F filing. The largest position was CRACKER BARREL OLD CTRY STOR at 32.1% of the reported book, followed by BIGLARI HLDGS INC and LOCO. Against the Q4 2024 filing, it opened 0 new positions, added to 0 and reduced 1 among the top 13 holdings.
What did Biglari Capital own in Q1 2025? Top 13 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | CRACKER BARREL OLD CTRY STOR | 32.1% | $77.6m | 2,000,000 | 0% | held | |
| 2 | BIGLARI HLDGS INC | 23.4% | $56.5m | 153,677 | 0% | held | |
| 3 | LOCO EL POLLO LOCO HLDGS INC | Consumer Cyclical | 17.1% | $41.2m | 4,000,000 | 0% | held |
| 4 | BIGLARI HLDGS INC | 12.9% | $31.1m | 1,394,437 | 0% | held | |
| 5 | JACK JACK IN THE BOX INC | Consumer Cyclical | 12.2% | $29.5m | 1,073,883 | 0% | held |
| 6 | BRK/A BERKSHIRE HATHAWAY INC DEL | 0.7% | $1.6m | 2 | 0% | held | |
| 7 | WYNN WYNN RESORTS LTD | Consumer Cyclical | 0.7% | $1.6m | 138,801 | 0% | held |
| 8 | KMX CARMAX INC | Consumer Cyclical | 0.4% | $1.0m | 125,420 | 0% | held |
| 9 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 0.3% | $661.1k | 5,000 | 0% | held |
| 10 | BHC BAUSCH HEALTH COS INC | Healthcare | 0.3% | $647.5k | 100,070 | -66% | reduced |
| 11 | RACE FERRARI N V | Consumer Cyclical | 0.0% | $85.6k | 153,500 | 0% | held |
| 12 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.0% | $16.6k | 100 | 0% | held |
| 13 | KO COCA COLA CO | Consumer Defensive | 0.0% | $2.9k | 120 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.