BIGLARI, SARDAR Long-Term Concentrated

CIK: 0001334430 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $48,344 (100.0% shares, 0.0% debt)

Holdings (10)

Increased Positions (2)

KO COCA COLA CO 15.5%

Value ($000) $7,489 (+6.5%) Shares 107,118 (+1.1%) Est. Cost $55.74 Unrealized +24.5%

RACE FERRARI N V 25.3%

Value ($000) $12,232 (-1.1%) Shares 33,100 (+29.8%) Est. Cost $358.12 Unrealized +11.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KO	COCA COLA CO	107,118 (+1.1%)	$7,489 (+6.5%)	15.5%	$55.74	+24.5%	COM	191216100
RACE	FERRARI N V	33,100 (+29.8%)	$12,232 (-1.1%)	25.3%	$358.12	+11.7%	COM	N3167Y103

Unchanged Positions (8)

CBRL CRACKER BARREL OLD CTRY STOR 3.6%

Value ($000) $1,756 Shares 69,141 Est. Cost $102.83 Unrealized -69.2%

WYNN WYNN RESORTS LTD 17.5%

Value ($000) $8,447 Shares 70,200 Est. Cost $79.92 Unrealized +54.6%

TSM TAIWAN SEMICONDUCTOR MFG LTD 13.4%

Value ($000) $6,477 Shares 21,314 Est. Cost $96.05 Unrealized —

LOCO EL POLLO LOCO HLDGS INC 10.6%

Value ($000) $5,118 Shares 489,247 Est. Cost $11.84 Unrealized -12.7%

KMX CARMAX INC 3.3%

Value ($000) $1,588 Shares 41,100 Est. Cost $89.86 Unrealized -55.5%

BABA ALIBABA GROUP HLDG LTD 2.3%

Value ($000) $1,136 Shares 7,750 Est. Cost $113.68 Unrealized —

JACK JACK IN THE BOX INC 7.9%

Value ($000) $3,802 Shares 200,617 Est. Cost $44.92 Unrealized -59.7%

AAME ATLANTIC AMERN CORP 0.6%

Value ($000) $300 Shares 105,861 Est. Cost $2.15 Unrealized +27.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CBRL	CRACKER BARREL OLD CTRY STOR	69,141	$1,756	3.6%	$102.83	-69.2%	COM	22410J106
WYNN	WYNN RESORTS LTD	70,200	$8,447	17.5%	$79.92	+54.6%	COM	983134107
TSM	TAIWAN SEMICONDUCTOR MFG LTD	21,314	$6,477	13.4%	$96.05	—	SPONSORED ADS	874039100
LOCO	EL POLLO LOCO HLDGS INC	489,247	$5,118	10.6%	$11.84	-12.7%	COM	268603107
KMX	CARMAX INC	41,100	$1,588	3.3%	$89.86	-55.5%	COM	143130102
BABA	ALIBABA GROUP HLDG LTD	7,750	$1,136	2.3%	$113.68	—	SPONSORED ADS	01609W102
JACK	JACK IN THE BOX INC	200,617	$3,802	7.9%	$44.92	-59.7%	COM	466367109
AAME	ATLANTIC AMERN CORP	105,861	$300	0.6%	$2.15	+27.8%	COM	048209100