Biglari Capital 13F holdings, Q2 2026
Holdings as of June 30, 2026 · filings on SEC EDGAR · this is the latest filing on record
Biglari Capital disclosed 12 US equity positions worth $293.9m in its Q2 2026 13F filing. The largest position was BIGLARI HLDGS INC at 36.8% of the reported book, followed by LOCO and BIGLARI HLDGS INC. Against the Q1 2026 filing, it opened 0 new positions, added to 2 and reduced 2 among the top 12 holdings.
What did Biglari Capital own in Q2 2026? Top 12 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2026 |
|---|---|---|---|---|---|---|---|
| 1 | BIGLARI HLDGS INC | 36.8% | $108.0m | 154,474 | 0% | held | |
| 2 | LOCO EL POLLO LOCO HLDGS INC | Consumer Cyclical | 21.8% | $64.1m | 3,777,400 | -6% | reduced |
| 3 | BIGLARI HLDGS INC | 20.8% | $61.2m | 1,472,237 | 4% | added | |
| 4 | RACE FERRARI N V | Consumer Cyclical | 13.3% | $39.1m | 346,981 | 19% | added |
| 5 | JACK JACK IN THE BOX INC | Consumer Cyclical | 5.8% | $17.2m | 1,683,652 | 0% | held |
| 6 | WYNN WYNN RESORTS LTD | Consumer Cyclical | 0.6% | $1.8m | 143,801 | 0% | held |
| 7 | BRK/A BERKSHIRE HATHAWAY INC DEL | 0.5% | $1.5m | 2 | 0% | held | |
| 8 | KMX CARMAX INC | Consumer Cyclical | 0.2% | $689.7k | 125,420 | 0% | held |
| 9 | BHC BAUSCH HEALTH COS INC | Healthcare | 0.1% | $202.5k | 41,070 | 0% | held |
| 10 | CRACKER BARREL OLD CTRY STOR | 0.0% | $106.6k | 2,000 | -94% | reduced | |
| 11 | TSM TAIWAN SEMICONDUCTOR MANUFAC | Technology | 0.0% | $47.8k | 100 | 0% | held |
| 12 | KO COCA COLA CO | Consumer Defensive | 0.0% | $3.2k | 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.