Q3 2025 · 13F-HR
BIGLARI CAPITAL CORP.holdings as filed
Filed 2025-11-14 · accession 0000921895-25-003109
$913.2M
Reported value
12
Positions
2025-09-30
Period end
The Brief · BIGLARI CAPITAL CORP. · Q3 2025
AI · grounded in 13F
BIGLARI CAPITAL CORP. established a new position in BH valued at $451.3M. The fund also initiated a position in BH/A for $237.4M and added RACE with a $100.7M investment. Other new holdings include LOCO at $38.8M and JACK at $33.3M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 08986R309 | BH | BIGLARI HLDGS INC | $451.3M | 49.4% | 1,394,437 | Common | NONE |
| 08986R408 | BH/A | BIGLARI HLDGS INC | $237.4M | 26.0% | 153,677 | Common | SOLE |
| N3167Y103 | RACE | FERRARI N V | $100.7M | 11.0% | 207,600 | Common | SOLE |
| 268603107 | LOCO | EL POLLO LOCO HLDGS INC | $38.8M | 4.25% | 4,000,000 | Common | SOLE |
| 466367109 | JACK | JACK IN THE BOX INC | $33.3M | 3.64% | 1,683,652 | Common | SOLE |
| 22410J106 | CBRL | CRACKER BARREL OLD CTRY STOR | $25.8M | 2.82% | 585,000 | Common | SOLE |
| 983134107 | WYNN | WYNN RESORTS LTD | $18.4M | 2.02% | 143,801 | Common | SOLE |
| 143130102 | KMX | CARMAX INC | $5.6M | 0.62% | 125,420 | Common | SOLE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC DEL | $1.5M | 0.17% | 2 | Common | SOLE |
| 071734107 | BHC | BAUSCH HEALTH COS INC | $264,902 | 0.03% | 41,070 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $27,929 | 0.00% | 100 | Common | SOLE |
| 191216100 | KO | COCA COLA CO | $7,958 | 0.00% | 120 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.