Biglari Capital Corp. holds a concentrated book of 12 stocks worth $929.4M as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they trimmed Cracker Barrel Old Country. Their largest long position is Biglari Holdings Inc-B at 50% of the equity book. Cloning the disclosed picks since 2016 would be +32% (+2.7%/yr). That is a simulation of the disclosed long book, not audited returns.
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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.
The reported book (valued from quarter-end) returned +72.9%, a 41.3-point gap that is the cost of the ~45-day 13F disclosure lag a real follower can't avoid.
Growth of $10,000 cloning Biglari Capital Corp.'s disclosed long 13F book, rebalanced on each filing date (so it reflects the ~45-day reporting lag, no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.
Top-heavy: 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
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, no cost basis
Other tracked managers holding the same core names as Biglari Capital Corp.
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| BlackRock, Inc. | 12 / 12 | $33.4B |
| VANGUARD GROUP INC | 12 / 12 | $33.0B |
| VANGUARD CAPITAL MANAGEMENT LLC | 12 / 12 | $21.2B |
| MORGAN STANLEY | 12 / 12 | $13.8B |
| UBS Group AG | 12 / 12 | $6.7B |
| GOLDMAN SACHS GROUP INC | 12 / 12 | $6.5B |
| ROYAL BANK OF CANADA | 12 / 12 | $4.7B |
| CITIGROUP INC | 12 / 12 | $1.5B |
Ranked by how many of Biglari Capital Corp.'s top 12 disclosed names each fund also holds: a cross-fund conviction signal from the latest 13F of every tracked manager.
Bars show each stock'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 | $467.1M | 1.42M | 50.3% | ▲+0.7% Added · +10K sh | |
| 2 | Biglari Hldgs Inc COM STK CL A | $269.2M | 154.5K | 29.0% | —Held | |
| 3 | Ferrari N V COM | $98.8M | 292.0K | 10.6% | ▲+29% Added · +66K sh | |
| 4 | El Pollo Loco Hldgs Inc COM | $55.4M | 4.00M | 6.0% | —Held | |
| 5 | Jack In The Box Inc COM | $16.3M | 1.68M | 1.8% | —Held | |
| 6 | Wynn Resorts Ltd COM | $14.6M | 143.8K | 1.6% | —Held | |
| 7 | Carmax Inc COM | $5.2M | 125.4K | 0.6% | —Held | |
| 8 | Berkshire Hathaway Inc Del CL A | $1.4M | 2 | 0.2% | —Held | |
| 9 | Cracker Barrel Old Ctry Stor COM | $1.0M | 35.9K | 0.1% | ▼−94% Reduced · −549K sh | |
| 10 | Bausch Health Cos Inc COM | $222K | 41.1K | 0.0% | —Held | |
| 11 | Taiwan Semiconductor Manufac SPONSORED ADS | $34K | 100 | 0.0% | —Held | |
| 12 | Coca Cola Co COM | $9K | 120 | 0.0% | —Held |
As-of date vs the date the SEC received each filing
| Quarter | As of | Filed | Positions | Value | Form |
|---|---|---|---|---|---|
| Q1 2026 | Mar 31, 2026 | May 15, 2026 | 19 | $929.4M | 13F-HR |
| Q4 2025 | Dec 31, 2025 | Feb 17, 2026 | 19 | $932.7M | 13F-HR |
| Q3 2025 | Sep 30, 2025 | Nov 14, 2025 | 20 | $913.2M | 13F-HR |
| Q2 2025 | Jun 30, 2025 | Aug 14, 2025 | 19 | $865.1M | 13F-HR |
| Q1 2025 | Mar 31, 2025 | May 15, 2025 | 20 | $709.0M | 13F-HR |
| Q4 2024 | Dec 31, 2024 | Feb 14, 2025 | 20 | $838.8M | 13F-HR |
| Q3 2024 | Sep 30, 2024 | Nov 14, 2024 | 20 | $651.4M | 13F-HR |
| Q2 2024 | Jun 30, 2024 | Aug 14, 2024 | 18 | $657.0M | 13F-HR |
| Q1 2024 | Mar 31, 2024 | May 15, 2024 | 18 | $746.3M | 13F-HR |
| Q4 2023 | Dec 31, 2023 | Feb 14, 2024 | 19 | $678.7M | 13F-HR |
| Q3 2023 | Sep 30, 2023 | Nov 14, 2023 | 19 | $640.3M | 13F-HR |
| Q2 2023 | Jun 30, 2023 | Aug 14, 2023 | 19 | $754.9M | 13F-HR |
| Q1 2023 | Mar 31, 2023 | May 15, 2023 | 19 | $718.4M | 13F-HR |
| Q4 2022 | Dec 31, 2022 | Feb 14, 2023 | 19 | $583.0M | 13F-HR |
| Q3 2022 | Sep 30, 2022 | Feb 10, 2023 | 16 | $528.7M | 13F-HR/A |
| Q2 2022 | Jun 30, 2022 | Feb 10, 2023 | 12 | $476.6M | 13F-HR/A |
| Q1 2022 | Mar 31, 2022 | Feb 10, 2023 | 15 | $96.9M | 13F-HR/A |
| Q4 2021 | Dec 31, 2021 | Feb 10, 2023 | 18 | $6.5M | 13F-HR/A |
| Q3 2021 | Sep 30, 2021 | Nov 15, 2021 | 18 | $727.3M | 13F-HR |
| Q2 2021 | Jun 30, 2021 | Aug 16, 2021 | 16 | $705.9M | 13F-HR |
Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.