BIGLARI CAPITAL CORP. Long-Term Concentrated

Location: San Antonio, TX

CIK: 0001334429 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $929M (100.0% shares, 0.0% debt)

Holdings (12)

Increased Positions (1)

RACE FERRARI N V 10.6%

Value $98.82M (+18.5%) Shares 291,981 (+29.4%) Est. Cost $319.60 Unrealized +11.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RACE	FERRARI N V	291,981 (+29.4%)	$98.82M (+18.5%)	10.6%	$319.60	+11.6%	COM	N3167Y103

Decreased Positions (1)

CBRL CRACKER BARREL OLD CTRY STOR 0.1%

Value $1.008M (-93.2%) Shares 35,859 (-93.9%) Est. Cost $59.07 Unrealized -46.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CBRL	CRACKER BARREL OLD CTRY STOR	35,859 (-93.9%)	$1.008M (-93.2%)	0.1%	$59.07	-46.8%	COM	22410J106

Unchanged Positions (10)

JACK JACK IN THE BOX INC 1.8%

Value $16.28M Shares 1,683,652 Est. Cost $64.31 Unrealized -67.7%

LOCO EL POLLO LOCO HLDGS INC 6.0%

Value $55.44M Shares 4,000,000 Est. Cost $9.67 Unrealized +11.0%

WYNN WYNN RESORTS LTD 1.6%

Value $14.6M Shares 143,801 Est. Cost $79.44 Unrealized +43.7%

BH BIGLARI HLDGS INC 50.3%

Value $467M Shares 1,417,285 Est. Cost $210.64 Unrealized +93.4%

BH/A BIGLARI HLDGS INC 29.0%

Value $269M Shares 154,474 Est. Cost $919.48 Unrealized +129.2%

KMX CARMAX INC 0.6%

Value $5.215M Shares 125,420 Est. Cost $74.22 Unrealized -39.5%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value $1.436M Shares 2 Est. Cost $324481.38 Unrealized +128.2%

BHC BAUSCH HEALTH COS INC 0.0%

Value $222K Shares 41,070 Est. Cost $22.90 Unrealized -72.0%

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.0%

Value $33,795 Shares 100 Est. Cost $72.68 Unrealized —

KO COCA COLA CO 0.0%

Value $9,126 Shares 120 Est. Cost $53.47 Unrealized +39.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JACK	JACK IN THE BOX INC	1,683,652	$16.28M	1.8%	$64.31	-67.7%	COM	466367109
LOCO	EL POLLO LOCO HLDGS INC	4,000,000	$55.44M	6.0%	$9.67	+11.0%	COM	268603107
WYNN	WYNN RESORTS LTD	143,801	$14.6M	1.6%	$79.44	+43.7%	COM	983134107
BH	BIGLARI HLDGS INC	1,417,285	$467M	50.3%	$210.64	+93.4%	COM STK CL B	08986R309
BH/A	BIGLARI HLDGS INC	154,474	$269M	29.0%	$919.48	+129.2%	COM STK CL A	08986R408
KMX	CARMAX INC	125,420	$5.215M	0.6%	$74.22	-39.5%	COM	143130102
BRK/A	BERKSHIRE HATHAWAY INC DEL	2	$1.436M	0.2%	$324481.38	+128.2%	CL A	084670108
BHC	BAUSCH HEALTH COS INC	41,070	$222K	0.0%	$22.90	-72.0%	COM	071734107
TSM	TAIWAN SEMICONDUCTOR MANUFAC	100	$33,795	0.0%	$72.68	—	SPONSORED ADS	874039100
KO	COCA COLA CO	120	$9,126	0.0%	$53.47	+39.8%	COM	191216100