Biglari Capital Corp.
Net buyer this quarter
$1.19B
12
+$38.3M
100.0%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 BH | $627M | 52.50% | Not reported | +3.9% | Q3 2013 |
| BH.A | $325M | 27.21% | 74.67% | Not reported | Q2 2018 |
 RACE | $129M | 10.81% | 0.19% | +18.8% | Q3 2022 |
 LOCO | $64.1M | 5.36% | 12.40% | -5.6% | Q2 2023 |
 JACK | $26.6M | 2.23% | 8.83% | Not reported | Q4 2021 |
 WYNN | $14M | 1.17% | 0.14% | Not reported | Q3 2024 |
 KMX | $6.63M | 0.56% | 0.09% | Not reported | Q3 2022 |
 BRK.A | $1.5M | 0.13% | Not reported | Not reported | Q3 2013 |
 BHC | $202K | 0.02% | 0.01% | Not reported | Q3 2018 |
 CBRL | $107K | 0.01% | 0.01% | -94.4% | Q3 2013 |
 TSM | $47.8K | 0.00% | 0.00% | Not reported | Q4 2021 |
 KO | $9.75K | 0.00% | 0.00% | Not reported | Q2 2022 |
| Q1 2026 | |||||
| BH | $467M | 50.26% | Not reported | +0.7% | Q3 2013 |
| BH.A | $269M | 28.97% | 74.67% | Not reported | Q2 2018 |
| RACE | $98.8M | 10.63% | 0.16% | +29.4% | Q3 2022 |
| LOCO | $55.4M | 5.97% | 13.35% | Not reported | Q2 2023 |
| JACK | $16.3M | 1.75% | 8.84% | Not reported | Q4 2021 |
| WYNN | $14.6M | 1.57% | 0.14% | Not reported | Q3 2024 |
| KMX | $5.21M | 0.56% | 0.09% | Not reported | Q3 2022 |
| BRK.A | $1.44M | 0.15% | Not reported | Not reported | Q3 2013 |
| CBRL | $1.01M | 0.11% | 0.16% | -93.9% | Q3 2013 |
| BHC | $222K | 0.02% | 0.01% | Not reported | Q3 2018 |
| TSM | $33.8K | 0.00% | 0.00% | Not reported | Q4 2021 |
| KO | $9.13K | 0.00% | 0.00% | Not reported | Q2 2022 |
| Q4 2025 | |||||
| BH | $468M | 50.17% | Not reported | +0.9% | Q3 2013 |
| BH.A | $269M | 28.82% | 74.67% | +0.5% | Q2 2018 |
| RACE | $83.4M | 8.94% | 0.12% | +8.7% | Q3 2022 |
| LOCO | $41.8M | 4.49% | 13.35% | Not reported | Q2 2023 |
| JACK | $31.9M | 3.42% | 8.91% | Not reported | Q4 2021 |
| WYNN | $17.3M | 1.86% | 0.14% | Not reported | Q3 2024 |
| CBRL | $14.9M | 1.59% | 2.62% | Not reported | Q3 2013 |
| KMX | $4.85M | 0.52% | 0.09% | Not reported | Q3 2022 |
| BRK.A | $1.51M | 0.16% | Not reported | Not reported | Q3 2013 |
| BHC | $285K | 0.03% | 0.01% | Not reported | Q3 2018 |
| TSM | $30.4K | 0.00% | 0.00% | Not reported | Q4 2021 |
| KO | $8.39K | 0.00% | 0.00% | Not reported | Q2 2022 |
| Q3 2025 | |||||
| BH | $451M | 49.42% | Not reported | Not reported | Q3 2013 |
| BH.A | $237M | 26.00% | 74.29% | Not reported | Q2 2018 |
| RACE | $101M | 11.03% | 0.11% | +12.5% | Q3 2022 |
| LOCO | $38.8M | 4.25% | 13.33% | Not reported | Q2 2023 |
| JACK | $33.3M | 3.64% | 2.03% | Not reported | Q4 2021 |
| CBRL | $25.8M | 2.82% | 2.63% | -34.8% | Q3 2013 |
| WYNN | $18.4M | 2.02% | 0.14% | Not reported | Q3 2024 |
| KMX | $5.63M | 0.62% | 0.09% | Not reported | Q3 2022 |
| BRK.A | $1.51M | 0.17% | Not reported | Not reported | Q3 2013 |
| BHC | $265K | 0.03% | 0.01% | Not reported | Q3 2018 |
| TSM | $27.9K | 0.00% | 0.00% | Not reported | Q4 2021 |
| KO | $7.96K | 0.00% | 0.00% | Not reported | Q2 2022 |