Biglari Capital Corp. holds a concentrated book of 12 reported positions worth $1.2B as of Q2 2026 (disclosed Aug 14, 2026, a ~45-day 13F lag). This quarter they trimmed El Pollo Loco Holdings Inc. Their largest long position is Biglari Holdings Inc-B at 53% of the reported non-option book.
Top-heavy: concentrated book
Excluding Biglari Holdings Inc-B (53% of the book), the rest is a concentrated book:
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
100% mapped to company sectors
+4 sectors below the cut, under 0.5% together
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis
Other tracked managers holding the same core names as Biglari Capital Corp.
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| Mirae Asset Global Investments Co., Ltd. | 4 / 12 | $264.8B |
| Allen Holding Inc | 2 / 12 | $707.8M |
| Baldwin Investment Management, LLC | 3 / 12 | $425.8M |
| Canton Hathaway, LLC | 3 / 12 | $212.2M |
| MW Advisory, LLC | 2 / 12 | $66.1M |
| 7G Capital Management, LLC | 2 / 12 | $57.1M |
| Bislett Management, LLC | 2 / 12 | $34.3M |
| Armstrong Henry H Associates Inc | 3 / 12 | $212.8M |
Ranked by the share of each fund's own book sitting in the names it shares with Biglari Capital Corp.: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.
Bars show each position's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | Biglari Hldgs Inc COM STK CL B | $627.2M | 1.47M | 52.5% | ▲+3.9% Added · +55K sh | |
| 2 | Biglari Hldgs Inc COM STK CL A | $325.1M | 154.5K | 27.2% | —Held | |
| 3 | Ferrari N V COM | $129.2M | 347.0K | 10.8% | ▲+19% Added · +55K sh | |
| 4 | El Pollo Loco Hldgs Inc COM | $64.1M | 3.78M | 5.4% | ▼−5.6% Reduced · −223K sh | |
| 5 | Jack In The Box Inc COM | $26.6M | 1.68M | 2.2% | —Held | |
| 6 | Wynn Resorts Ltd COM | $14.0M | 143.8K | 1.2% | —Held | |
| 7 | Carmax Inc COM | $6.6M | 125.4K | 0.6% | —Held | |
| 8 | Berkshire Hathaway Inc Del CL A | $1.5M | 2 | 0.1% | —Held | |
| 9 | Bausch Health Cos Inc COM | $202K | 41.1K | <0.1% | —Held | |
| 10 | Cracker Barrel Old Ctry Stor COM | $107K | 2.0K | <0.1% | ▼−94% Reduced · −34K sh | |
| 11 | Taiwan Semiconductor Manufac SPONSORED ADS | $48K | 100 | <0.1% | —Held | |
| 12 | Coca Cola Co COM | $10K | 120 | <0.1% | —Held |
This fund page is the Follow view. The Build view lets your agent pull holdings, quarter changes, overlap, and source filings through API or MCP.
curl -H "Authorization: Bearer YOUR_API_KEY" \ "https://arkolith.com/api/v1/funds/1334429/holdings"
Use Arkolith to show BIGLARI CAPITAL CORP.'s latest holdings, largest changes, and filing provenance.
As-of date vs the date the SEC received each filing
Reported 13F total per quarter, log scale (the range spans more than 20x). Raw filing totals can include option notional.
| Quarter | As of | Filed | Lag | Positions | Value | Form |
|---|---|---|---|---|---|---|
| Q2 2026 | Jun 30, 2026 | Aug 14, 2026 | 45d | 19 | $1.2B | 13F-HR |
| Q1 2026 | Mar 31, 2026 | May 15, 2026 | 45d | 19 | $929.4M | 13F-HR |
| Q4 2025 | Dec 31, 2025 | Feb 17, 2026 | 48d | 19 | $932.7M | 13F-HR |
| Q3 2025 | Sep 30, 2025 | Nov 14, 2025 | 45d | 20 | $913.2M | 13F-HR |
| Q2 2025 | Jun 30, 2025 | Aug 14, 2025 | 45d | 19 | $865.1M | 13F-HR |
| Q1 2025 | Mar 31, 2025 | May 15, 2025 | 45d | 20 | $709.0M | 13F-HR |
| Q4 2024 | Dec 31, 2024 | Feb 14, 2025 | 45d | 20 | $838.8M | 13F-HR |
| Q3 2024 | Sep 30, 2024 | Nov 14, 2024 | 45d | 20 | $651.4M | 13F-HR |
| Q2 2024 | Jun 30, 2024 | Aug 14, 2024 | 45d | 18 | $657.0M | 13F-HR |
| Q1 2024 | Mar 31, 2024 | May 15, 2024 | 45d | 18 | $746.3M | 13F-HR |
| Q4 2023 | Dec 31, 2023 | Feb 14, 2024 | 45d | 19 | $678.7M | 13F-HR |
| Q3 2023 | Sep 30, 2023 | Nov 14, 2023 | 45d | 19 | $640.3M | 13F-HR |
| Q2 2023 | Jun 30, 2023 | Aug 14, 2023 | 45d | 19 | $754.9M | 13F-HR |
| Q1 2023 | Mar 31, 2023 | May 15, 2023 | 45d | 19 | $718.4M | 13F-HR |
| Q4 2022 | Dec 31, 2022 | Feb 14, 2023 | 45d | 19 | $583.0M | 13F-HR |
| Q3 2022 | Sep 30, 2022 | Feb 10, 2023 | 133d | 16 | $528.7M | 13F-HR/A |
| Q2 2022 | Jun 30, 2022 | Feb 10, 2023 | 225d | 12 | $476.6M | 13F-HR/A |
| Q1 2022 | Mar 31, 2022 | Feb 10, 2023 | 316d | 15 | $96.9M | 13F-HR/A |
| Q4 2021 | Dec 31, 2021 | Feb 10, 2023 | 406d | 18 | $6.5M | 13F-HR/A |
| Q3 2021 | Sep 30, 2021 | Nov 15, 2021 | 46d | 18 | $727.3M | 13F-HR |
Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.