BIGLARI CAPITAL CORP.
CIK
1334429
Location
San Antonio, TX
Portfolio Value
Micro
$9,126
Diversification
Highly concentrated
Filing Date
Global Rank
#2,743
/ 8,586
▲ 30
Top Industry
Restaurants
74.2%
3Y Alpha vs SPY
-22.9%
Period ended 3 months ago
Filed May 15, 2026 · 32d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
-5.2%
SPY
+78.1%
Annualised alpha
-23.0%
Max drawdown
−35.6%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
10 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
58.4%
+0.4 pts
Top 5
98.6%
+2.9 pts
Top 10
100.0%
0.0 pts
HHI
4,041
Highly concentrated+196
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 99.9% | $460,568,111 |
| Healthcare | 0.0% | $221,778 |
| Technology | 0.0% | $33,795 |
| Consumer Defensive | 0.0% | $9,126 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| RACE | Ferrari N.V. | +66,400 | 291,981 | $98,820,969 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CBRL | Cracker Barrel Old Country Store, Inc | −549,141 | 35,859 | $1,007,996 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
1 positions ·
$9,126 total
· Consumer Defensive only
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| KO |
Coca Cola Co
Consumer Defensive
|
Held | 120 | $9,126 | 100.00% |