BIGLARI CAPITAL CORP. Long-Term Concentrated

Location: San Antonio, TX

CIK: 0001334429 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value: $865M (100.0% shares, 0.0% debt)

Holdings (12)

BH BIGLARI HLDGS INC 47.1%

Value $407M Shares 1,394,437 Share Price $292.21 * Est. Cost/Share $210.64 Unrealized @ Report Date +15.2%

BH/A BIGLARI HLDGS INC 24.9%

Value $215M Shares 153,677 Share Price $1400.37 * Est. Cost/Share $919.48 Unrealized @ Report Date +29.8%

RACE FERRARI N V 10.5%

Value $90.54M Shares 184,500 Share Price $490.74 * Est. Cost/Share $278.46 Unrealized @ Report Date +66.8%

CBRL CRACKER BARREL OLD CTRY STOR 6.3%

Value $54.78M Shares 896,775 Share Price $61.08 * Est. Cost/Share $59.07 Unrealized @ Report Date -16.1%

LOCO EL POLLO LOCO HLDGS INC 5.1%

Value $44.04M Shares 4,000,000 Share Price $11.01 * Est. Cost/Share $9.67 Unrealized @ Report Date +2.5%

JACK JACK IN THE BOX INC 3.4%

Value $29.4M Shares 1,683,652 Share Price $17.46 * Est. Cost/Share $64.31 Unrealized @ Report Date -65.0%

WYNN WYNN RESORTS LTD 1.6%

Value $13.47M Shares 143,801 Share Price $93.67 * Est. Cost/Share $79.44 Unrealized @ Report Date +6.2%

KMX CARMAX INC 1.0%

Value $8.429M Shares 125,420 Share Price $67.21 Est. Cost/Share $74.22 Unrealized @ Report Date -9.4%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value $1.458M Shares 2 Share Price $728800.00 * Est. Cost/Share $324481.38 Unrealized @ Report Date +134.8%

BHC BAUSCH HEALTH COS INC 0.0%

Value $274K Shares 41,070 Share Price $6.66 * Est. Cost/Share $22.90 Unrealized @ Report Date -77.6%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.0%

Value $22,649 Shares 100 Share Price $226.49 Est. Cost/Share $72.68 Unrealized @ Report Date —

KO COCA COLA CO 0.0%

Value $8,490 Shares 120 Share Price $70.75 Est. Cost/Share $53.47 Unrealized @ Report Date +30.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BH	BIGLARI HLDGS INC	1,394,437	$407M	47.1%	$292.21 *	$210.64	+15.2%	COM STK CL B	08986R309
BH/A	BIGLARI HLDGS INC	153,677	$215M	24.9%	$1400.37 *	$919.48	+29.8%	COM STK CL A	08986R408
RACE	FERRARI N V	184,500	$90.54M	10.5%	$490.74 *	$278.46	+66.8%	COM	N3167Y103
CBRL	CRACKER BARREL OLD CTRY STOR	896,775	$54.78M	6.3%	$61.08 *	$59.07	-16.1%	COM	22410J106
LOCO	EL POLLO LOCO HLDGS INC	4,000,000	$44.04M	5.1%	$11.01 *	$9.67	+2.5%	COM	268603107
JACK	JACK IN THE BOX INC	1,683,652	$29.4M	3.4%	$17.46 *	$64.31	-65.0%	COM	466367109
WYNN	WYNN RESORTS LTD	143,801	$13.47M	1.6%	$93.67 *	$79.44	+6.2%	COM	983134107
KMX	CARMAX INC	125,420	$8.429M	1.0%	$67.21	$74.22	-9.4%	COM	143130102
BRK/A	BERKSHIRE HATHAWAY INC DEL	2	$1.458M	0.2%	$728800.00 *	$324481.38	+134.8%	CL A	084670108
BHC	BAUSCH HEALTH COS INC	41,070	$274K	0.0%	$6.66 *	$22.90	-77.6%	COM	071734107
TSM	TAIWAN SEMICONDUCTOR MFG LTD	100	$22,649	0.0%	$226.49	$72.68	—	SPONSORED ADS	874039100
KO	COCA COLA CO	120	$8,490	0.0%	$70.75	$53.47	+30.5%	COM	191216100