Biglari Capital Corp.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Biglari Capital Corp. reported 13 stock positions worth $651.4 million. Its top holding was Biglari Class B (BH) at 35.6% of the portfolio, followed by Biglari Class A (BH.A, 18.9%) and Cracker Barrel Old Country (CBRL, 13.9%). Compared with Q2 2024, it opened 1 new position and reduced 1. The biggest buy was a new position in WYNN Resorts (WYNN) and the biggest sale Alibaba Group Holding-SP ADR (BABA, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- San Antonio, TX
- CIK
- 0001334429
- Portfolio Value
- $651.4M (Q3 2024)
- SEC Filing
- 0000921895-24-002702 ↗ filed Nov 14, 2024
Holdings Value
Holdings 13 stocks · $651.4M
| BH Biglari Holdings Inc. Class B | 35.62% | 1,349,071 | $232.1M | No change |
| BH.A Biglari Holdings Inc. Class A | 18.89% | 147,820 | $123.0M | No change |
| CBRL Cracker Barrel Old Country | 13.92% | 2,000,000 | $90.7M | No change |
| RACE Ferrari NV | 11.08% | 153,500 | $72.2M | No change |
| LOCO El Pollo Loco Holdings Inc. | 8.41% | 4,000,000 | $54.8M | No change |
| JACK Jack in the Box Inc. | 7.67% | 1,073,883 | $50.0M | No change |
| WYNN WYNN Resorts Ltd. | 2.04% | 138,801 | $13.3M | New |
| KMX Carmax Inc. | 1.49% | 125,420 | $9.7M | No change |
| BHC Bausch Health Cos Inc. | 0.49% | 395,000 | $3.2M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.21% | 2 | $1.4M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.16% | 10,000 | $1.1M | Reduce -33.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.00% | 100 | $17K | No change |
| KO The Coca-Cola Co. | 0.00% | 120 | $9K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| BABA Alibaba Group Holding-SP ADR | Reduce -33.3% | 0.16% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| WYNN WYNN Resorts Ltd. | New | 2.04% | +2.04 |
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 |