Biglari Capital Corp.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Biglari Capital Corp. reported 12 stock positions worth $746.3 million. Its top holding was Biglari Class B (BH) at 34.3% of the portfolio, followed by Cracker Barrel Old Country (CBRL, 19.5%) and Biglari Class A (BH.A, 19.2%). Compared with Q4 2023, it added to 4 and reduced 1. The biggest buy was Ferrari (RACE, shares +18%) and the biggest sale Taiwan Semiconductor-SP ADR (TSM, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- San Antonio, TX
- CIK
- 0001334429
- Portfolio Value
- $746.3M (Q1 2024)
- SEC Filing
- 0000921895-24-001220 ↗ filed May 15, 2024
Holdings Value
Holdings 12 stocks · $746.3M
| BH Biglari Holdings Inc. Class B | 34.29% | 1,349,071 | $255.9M | Add +0.8% |
| CBRL Cracker Barrel Old Country | 19.49% | 2,000,000 | $145.5M | No change |
| BH.A Biglari Holdings Inc. Class A | 19.18% | 147,820 | $143.2M | Add +0.7% |
| JACK Jack in the Box Inc. | 9.85% | 1,073,883 | $73.5M | No change |
| RACE Ferrari NV | 8.97% | 153,500 | $66.9M | Add +17.6% |
| LOCO El Pollo Loco Holdings Inc. | 5.22% | 4,000,000 | $39.0M | No change |
| KMX Carmax Inc. | 2.05% | 175,420 | $15.3M | Add +98.8% |
| BHC Bausch Health Cos Inc. | 0.56% | 395,000 | $4.2M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.18% | 19,000 | $1.4M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.17% | 2 | $1.3M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.02% | 1,000 | $136K | Reduce -98.6% |
| KO The Coca-Cola Co. | 0.02% | 2,020 | $124K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| TSM Taiwan Semiconductor-SP ADR | Reduce -98.6% | 0.02% | −1.10 |
Portfolio Buys Q4 2023 → Q1 2024
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 |