Biglari Capital 13F holdings, Q1 2026
Holdings as of March 31, 2026 · filings on SEC EDGAR · latest filing →
Biglari Capital disclosed 12 US equity positions worth $213.9m in its Q1 2026 13F filing. The largest position was BIGLARI HLDGS INC at 41.8% of the reported book, followed by LOCO and BIGLARI HLDGS INC. Against the Q4 2025 filing, it opened 0 new positions, added to 2 and reduced 1 among the top 12 holdings.
What did Biglari Capital own in Q1 2026? Top 12 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BIGLARI HLDGS INC | 41.8% | $89.4m | 154,474 | 0% | held | |
| 2 | LOCO EL POLLO LOCO HLDGS INC | Consumer Cyclical | 25.9% | $55.4m | 4,000,000 | 0% | held |
| 3 | BIGLARI HLDGS INC | 22.1% | $47.4m | 1,417,285 | 1% | added | |
| 4 | JACK JACK IN THE BOX INC | Consumer Cyclical | 4.9% | $10.5m | 1,683,652 | 0% | held |
| 5 | RACE FERRARI N V | Consumer Cyclical | 2.8% | $6.0m | 291,981 | 29% | added |
| 6 | WYNN WYNN RESORTS LTD | Consumer Cyclical | 0.9% | $1.9m | 143,801 | 0% | held |
| 7 | BRK/A BERKSHIRE HATHAWAY INC DEL | 0.7% | $1.4m | 2 | 0% | held | |
| 8 | CRACKER BARREL OLD CTRY STOR | 0.5% | $1.0m | 35,859 | -94% | reduced | |
| 9 | KMX CARMAX INC | Consumer Cyclical | 0.3% | $542.2k | 125,420 | 0% | held |
| 10 | BHC BAUSCH HEALTH COS INC | Healthcare | 0.1% | $221.8k | 41,070 | 0% | held |
| 11 | TSM TAIWAN SEMICONDUCTOR MANUFAC | Technology | 0.0% | $33.8k | 100 | 0% | held |
| 12 | KO COCA COLA CO | Consumer Defensive | 0.0% | $3.0k | 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.