13F HOLDINGS REPORT
Biglari Capital Corp.
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0000921895-25-003109
Total Value
$913.2M
Positions
20
Other Managers
3
Confidential Omitted
No
Holdings (20)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BIGLARI HLDGS INC | BH | 1,322,582 | $428.1M | 46.87% |
| 2 | BIGLARI HLDGS INC | BH | 128,014 | $197.8M | 21.66% |
| 3 | FERRARI N V | RACE | 207,500 | $100.7M | 11.03% |
| 4 | BIGLARI HLDGS INC | BH | 25,663 | $39.6M | 4.34% |
| 5 | CRACKER BARREL OLD CTRY STOR | 22410J106 | 585,000 | $25.8M | 2.82% |
| 6 | EL POLLO LOCO HLDGS INC | LOCO | 2,500,000 | $24.3M | 2.66% |
| 7 | BIGLARI HLDGS INC | BH | 71,855 | $23.3M | 2.55% |
| 8 | JACK IN THE BOX INC | JACK | 1,140,952 | $22.6M | 2.47% |
| 9 | WYNN RESORTS LTD | WYNN | 134,400 | $17.2M | 1.89% |
| 10 | EL POLLO LOCO HLDGS INC | LOCO | 1,500,000 | $14.6M | 1.59% |
| 11 | JACK IN THE BOX INC | JACK | 542,700 | $10.7M | 1.17% |
| 12 | CARMAX INC | KMX | 118,900 | $5.3M | 0.58% |
| 13 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 2 | $1.5M | 0.17% |
| 14 | WYNN RESORTS LTD | WYNN | 9,401 | $1.2M | 0.13% |
| 15 | CARMAX INC | KMX | 6,520 | $292,552 | 0.03% |
| 16 | BAUSCH HEALTH COS INC | 071734107 | 41,070 | $264,902 | 0.03% |
| 17 | FERRARI N V | RACE | 100 | $48,522 | 0.01% |
| 18 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 100 | $27,929 | 0.00% |
| 19 | COCA COLA CO | KO | 100 | $6,632 | 0.00% |
| 20 | COCA COLA CO | KO | 20 | $1,326 | 0.00% |