Q4 2025 · 13F-HR
BIGLARI CAPITAL CORP.holdings as filed
Filed 2026-02-17 · accession 0000921895-26-000460
$932.7M
Reported value
12
Positions
2025-12-31
Period end
The Brief · BIGLARI CAPITAL CORP. · Q4 2025
AI · grounded in 13F
BIGLARI CAPITAL CORP. increased its position in Ferrari N V RACE by 8.66%. The fund also accumulated shares of Biglari Hldgs Inc BH, increasing that holding by 0.94%, and Biglari Hldgs Inc BH/A by 0.52%. These moves contributed to a portfolio of 12 positions with total assets under management of $932.7M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 08986R309 | BH | BIGLARI HLDGS INC | $467.9M | 50.2% | 1,407,568 | Common | NONE |
| 08986R408 | BH/A | BIGLARI HLDGS INC | $268.8M | 28.8% | 154,474 | Common | SOLE |
| N3167Y103 | RACE | FERRARI N V | $83.4M | 8.94% | 225,581 | Common | SOLE |
| 268603107 | LOCO | EL POLLO LOCO HLDGS INC | $41.8M | 4.49% | 4,000,000 | Common | SOLE |
| 466367109 | JACK | JACK IN THE BOX INC | $31.9M | 3.42% | 1,683,652 | Common | SOLE |
| 983134107 | WYNN | WYNN RESORTS LTD | $17.3M | 1.86% | 143,801 | Common | SOLE |
| 22410J106 | CBRL | CRACKER BARREL OLD CTRY STOR | $14.9M | 1.59% | 585,000 | Common | SOLE |
| 143130102 | KMX | CARMAX INC | $4.8M | 0.52% | 125,420 | Common | SOLE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC DEL | $1.5M | 0.16% | 2 | Common | SOLE |
| 071734107 | BHC | BAUSCH HEALTH COS INC | $285,437 | 0.03% | 41,070 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $30,389 | 0.00% | 100 | Common | SOLE |
| 191216100 | KO | COCA COLA CO | $8,389 | 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.