Biglari Capital Corp.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Biglari Capital Corp. reported 12 stock positions worth $1.2 billion. Its top holding was Biglari Class B (BH) at 52.5% of the portfolio, followed by Biglari Class A (BH.A, 27.2%) and Ferrari (RACE, 10.8%). Compared with Q1 2026, it added to 2 and reduced 2. The biggest buy was Biglari Class B (BH, shares +4%) and the biggest sale El Pollo Loco (LOCO, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- San Antonio, TX
- CIK
- 0001334429
- Portfolio Value
- $1.2B (Q2 2026)
- SEC Filing
- 0000921895-26-002189 ↗ filed Aug 14, 2026
Holdings Value
Holdings 12 stocks · $1.2B
| BH Biglari Holdings Inc. Class B | 52.50% | 1,472,237 | $627.2M | Add +3.9% |
| BH.A Biglari Holdings Inc. Class A | 27.21% | 154,474 | $325.1M | No change |
| RACE Ferrari NV | 10.81% | 346,981 | $129.2M | Add +18.8% |
| LOCO El Pollo Loco Holdings Inc. | 5.36% | 3,777,400 | $64.1M | Reduce -5.6% |
| JACK Jack in the Box Inc. | 2.23% | 1,683,652 | $26.6M | No change |
| WYNN WYNN Resorts Ltd. | 1.17% | 143,801 | $14.0M | No change |
| KMX Carmax Inc. | 0.56% | 125,420 | $6.6M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.13% | 2 | $1.5M | No change |
| BHC Bausch Health Cos Inc. | 0.02% | 41,070 | $202K | No change |
| CBRL Cracker Barrel Old Country | 0.01% | 2,000 | $107K | Reduce -94.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.00% | 100 | $48K | No change |
| KO The Coca-Cola Co. | 0.00% | 120 | $10K | No change |
Portfolio Sells Q1 2026 → Q2 2026
Portfolio Buys Q1 2026 → Q2 2026
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 12 | $1.2B | BH, BH.A, RACE, LOCO, JACK |
| Q1 2026 | 12 | $929.4M | BH, BH.A, RACE, LOCO, JACK |
| Q4 2025 | 12 | $932.7M | BH, BH.A, RACE, LOCO, JACK |
| Q3 2025 | 12 | $913.2M | BH, BH.A, RACE, LOCO, JACK |
| Q2 2025 | 12 | $865.1M | BH, BH.A, RACE, CBRL, LOCO |
| Q1 2025 | 13 | $709.0M | BH, BH.A, CBRL, RACE, LOCO |
| Q4 2024 | 13 | $838.8M | BH, BH.A, CBRL, RACE, LOCO |
| Q3 2024 | 13 | $651.4M | BH, BH.A, CBRL, RACE, LOCO |
| Q2 2024 | 12 | $657.0M | BH, BH.A, CBRL, RACE, JACK |
| Q1 2024 | 12 | $746.3M | BH, CBRL, BH.A, JACK, RACE |