BIGLARI, SARDAR Long-Term Concentrated

Location: San Antonio, TX

CIK: 0001334430 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $50.91M (100.0% shares, 0.0% debt)

Holdings (10)

Increased Positions (2)

RACE FERRARI N V 33.0%

Value $16.79M (+37.2%) Shares 49,600 (+49.8%) Est. Cost $357.61 Unrealized -0.3%

KO COCA COLA CO 16.3%

Value $8.29M (+10.7%) Shares 109,010 (+1.8%) Est. Cost $56.07 Unrealized +33.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RACE	FERRARI N V	49,600 (+49.8%)	$16.79M (+37.2%)	33.0%	$357.61	-0.3%	COM	N3167Y103
KO	COCA COLA CO	109,010 (+1.8%)	$8.29M (+10.7%)	16.3%	$56.07	+33.3%	COM	191216100

Decreased Positions (1)

TSM TAIWAN SEMICONDUCTOR MANUFAC 10.0%

Value $5.107M (-21.2%) Shares 15,111 (-29.1%) Est. Cost $96.05 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MANUFAC	15,111 (-29.1%)	$5.107M (-21.2%)	10.0%	$96.05	—	SPONSORED ADS	874039100

Unchanged Positions (7)

JACK JACK IN THE BOX INC 3.8%

Value $1.94M Shares 200,617 Est. Cost $44.92 Unrealized -53.8%

LOCO EL POLLO LOCO HLDGS INC 13.3%

Value $6.781M Shares 489,247 Est. Cost $11.84 Unrealized -9.3%

WYNN WYNN RESORTS LTD 14.0%

Value $7.129M Shares 70,200 Est. Cost $79.92 Unrealized +42.8%

CBRL CRACKER BARREL OLD CTRY STOR 3.8%

Value $1.944M Shares 69,141 Est. Cost $102.83 Unrealized -69.5%

BABA ALIBABA GROUP HLDG LTD 1.9%

Value $972K Shares 7,750 Est. Cost $113.68 Unrealized —

KMX CARMAX INC 3.4%

Value $1.709M Shares 41,100 Est. Cost $89.86 Unrealized -50.0%

AAME ATLANTIC AMERN CORP 0.5%

Value $247K Shares 105,861 Est. Cost $2.15 Unrealized +30.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JACK	JACK IN THE BOX INC	200,617	$1.94M	3.8%	$44.92	-53.8%	COM	466367109
LOCO	EL POLLO LOCO HLDGS INC	489,247	$6.781M	13.3%	$11.84	-9.3%	COM	268603107
WYNN	WYNN RESORTS LTD	70,200	$7.129M	14.0%	$79.92	+42.8%	COM	983134107
CBRL	CRACKER BARREL OLD CTRY STOR	69,141	$1.944M	3.8%	$102.83	-69.5%	COM	22410J106
BABA	ALIBABA GROUP HLDG LTD	7,750	$972K	1.9%	$113.68	—	SPONSORED ADS	01609W102
KMX	CARMAX INC	41,100	$1.709M	3.4%	$89.86	-50.0%	COM	143130102
AAME	ATLANTIC AMERN CORP	105,861	$247K	0.5%	$2.15	+30.0%	COM	048209100