Sardar Biglari's portfolio
Value-oriented holding company operator; concentrates in few businesses and buys with margin of safety.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
None this quarter.
Added to
- BiglariBH$627M
- Ferrari NVRACE$129M
Trimmed
- LOCOLOCO$64M
- Cracker Barrel Old Country StoreCBRL$106,600
Sold out
None this quarter.
Holdings
12 US-listed positions in the Q2 2026 13F, largest first.
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| BiglariBH | 52.50% | $627M | 1,472,237 | Added |
| Biglari Hldgs | 27.21% | $325M | 154,474 | Held |
| Ferrari NVRACE | 10.81% | $129M | 346,981 | Added |
| LOCOLOCO | 5.36% | $64M | 3,777,400 | Trimmed |
| Jacktel ASJACK | 2.23% | $27M | 1,683,652 | Held |
| Wynn Resorts LimitedWYNN | 1.17% | $14M | 143,801 | Held |
| CarMaxKMX | 0.56% | $7M | 125,420 | Held |
| Berkshire Hathaway Inc-Cl ABRK/A | 0.12% | $1M | 2 | Held |
| Bausch Health CompaniesBHC | 0.02% | $202,475 | 41,070 | Held |
| Cracker Barrel Old Country StoreCBRL | 0.01% | $106,600 | 2,000 | Trimmed |
| Taiwan Semiconductor ManufacturingTSM | 0.00% | $47,757 | 100 | Held |
| Coca-ColaKO | 0.00% | $9,752 | 120 | Held |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Sardar Biglari own?
In the Q2 2026 13F, Biglari Capital Corp. reported 12 US stock positions worth $1.2B. The largest: Biglari (BH) 52.5%, Biglari Hldgs 27.2%, Ferrari NV (RACE) 10.8%, LOCO (LOCO) 5.4%, Jacktel AS (JACK) 2.2%.
What did Sardar Biglari buy last quarter?
In Q2 2026: added to Biglari (BH); added to Ferrari NV (RACE).
When is Sardar Biglari's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.