BIGLARI CAPITAL CORP. Long-Term Concentrated

Location: San Antonio, TX

CIK: 0001334429 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $913M (100.0% shares, 0.0% debt)

Holdings (12)

BH BIGLARI HLDGS INC 49.4%

Value $451M Shares 1,394,437 Share Price $323.65 * Est. Cost/Share $210.64 Unrealized @ Report Date +44.9%

BH/A BIGLARI HLDGS INC 26.0%

Value $237M Shares 153,677 Share Price $1545.01 * Est. Cost/Share $919.48 Unrealized @ Report Date +62.7%

RACE FERRARI N V 11.0%

Value $101M Shares 207,600 Share Price $485.22 Est. Cost/Share $300.79 Unrealized @ Report Date +59.3%

LOCO EL POLLO LOCO HLDGS INC 4.2%

Value $38.8M Shares 4,000,000 Share Price $9.70 * Est. Cost/Share $9.67 Unrealized @ Report Date +8.5%

JACK JACK IN THE BOX INC 3.6%

Value $33.29M Shares 1,683,652 Share Price $19.77 Est. Cost/Share $64.31 Unrealized @ Report Date -69.1%

CBRL CRACKER BARREL OLD CTRY STOR 2.8%

Value $25.78M Shares 585,000 Share Price $44.06 * Est. Cost/Share $59.07 Unrealized @ Report Date -3.5%

WYNN WYNN RESORTS LTD 2.0%

Value $18.45M Shares 143,801 Share Price $128.27 * Est. Cost/Share $79.44 Unrealized @ Report Date +44.8%

KMX CARMAX INC 0.6%

Value $5.628M Shares 125,420 Share Price $44.87 * Est. Cost/Share $74.22 Unrealized @ Report Date -19.6%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value $1.508M Shares 2 Share Price $754200.00 * Est. Cost/Share $324481.38 Unrealized @ Report Date +124.0%

BHC BAUSCH HEALTH COS INC 0.0%

Value $265K Shares 41,070 Share Price $6.45 * Est. Cost/Share $22.90 Unrealized @ Report Date -70.1%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.0%

Value $27,929 Shares 100 Share Price $279.29 Est. Cost/Share $72.68 Unrealized @ Report Date —

KO COCA COLA CO 0.0%

Value $7,958 Shares 120 Share Price $66.32 * Est. Cost/Share $53.47 Unrealized @ Report Date +27.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BH	BIGLARI HLDGS INC	1,394,437	$451M	49.4%	$323.65 *	$210.64	+44.9%	COM STK CL B	08986R309
BH/A	BIGLARI HLDGS INC	153,677	$237M	26.0%	$1545.01 *	$919.48	+62.7%	COM STK CL A	08986R408
RACE	FERRARI N V	207,600	$101M	11.0%	$485.22	$300.79	+59.3%	COM	N3167Y103
LOCO	EL POLLO LOCO HLDGS INC	4,000,000	$38.8M	4.2%	$9.70 *	$9.67	+8.5%	COM	268603107
JACK	JACK IN THE BOX INC	1,683,652	$33.29M	3.6%	$19.77	$64.31	-69.1%	COM	466367109
CBRL	CRACKER BARREL OLD CTRY STOR	585,000	$25.78M	2.8%	$44.06 *	$59.07	-3.5%	COM	22410J106
WYNN	WYNN RESORTS LTD	143,801	$18.45M	2.0%	$128.27 *	$79.44	+44.8%	COM	983134107
KMX	CARMAX INC	125,420	$5.628M	0.6%	$44.87 *	$74.22	-19.6%	COM	143130102
BRK/A	BERKSHIRE HATHAWAY INC DEL	2	$1.508M	0.2%	$754200.00 *	$324481.38	+124.0%	CL A	084670108
BHC	BAUSCH HEALTH COS INC	41,070	$265K	0.0%	$6.45 *	$22.90	-70.1%	COM	071734107
TSM	TAIWAN SEMICONDUCTOR MFG LTD	100	$27,929	0.0%	$279.29	$72.68	—	SPONSORED ADS	874039100
KO	COCA COLA CO	120	$7,958	0.0%	$66.32 *	$53.47	+27.0%	COM	191216100