Biglari, Sardar

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Biglari, Sardar reported 10 stock positions worth $44.2 million. Its top holding was Ferrari (RACE) at 20.2% of the portfolio, followed by Coca-Cola (KO, 18.3%) and WYNN Resorts (WYNN, 11.6%). Compared with Q4 2024, it added to 3. The biggest buy was Coca-Cola (KO, shares +4%).

Most Recent 13F
Q2 2026
Location
San Antonio, TX
CIK
0001334430
Portfolio Value
$44.2M (Q1 2025)
SEC Filing
0000921895-25-001556 ↗ filed May 15, 2025

Holdings Value

0$20.0M$40.0M$60.0M$80.0M Q1 2024: $30.8M Q1 2024 Q2 2024: $29.5M Q2 2024 Q3 2024: $47.1M Q3 2024 Q4 2024: $43.8M Q4 2024 Q1 2025: $44.2M $44.2M Q1 2025 Q2 2025: $47.1M Q2 2025 Q3 2025: $49.7M Q3 2025 Q4 2025: $48.3M Q4 2025 Q1 2026: $50.9M Q1 2026 Q2 2026: $62.2M Q2 2026

Holdings 10 stocks · $44.2M

RACE Ferrari NV 20.23% 20,900 $8.9M Add +14.2%
KO The Coca-Cola Co. 18.26% 112,664 $8.1M Add +3.9%
WYNN WYNN Resorts Ltd. 11.56% 61,200 $5.1M No change
LOCO El Pollo Loco Holdings Inc. 11.40% 489,247 $5.0M No change
TSM Taiwan Semiconductor-SP ADR 10.04% 26,728 $4.4M No change
BABA Alibaba Group Holding-SP ADR 9.27% 31,000 $4.1M No change
KMX Carmax Inc. 6.49% 36,800 $2.9M Add +20.3%
CBRL Cracker Barrel Old Country 6.07% 69,141 $2.7M No change
JACK Jack in the Box Inc. 5.95% 96,717 $2.6M No change
AAME Atlantic American Corp. 0.72% 188,393 $320K No change

Portfolio Sells Q4 2024 → Q1 2025

None this quarter.

Portfolio Buys Q4 2024 → Q1 2025

KO The Coca-Cola Co. Add +3.9% 18.26% +2.85
RACE Ferrari NV Add +14.2% 20.23% +2.49
KMX Carmax Inc. Add +20.3% 6.49% +0.78

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 10$62.2MRACE, KO, LOCO, TSM, WYNN
Q1 2026 10$50.9MRACE, KO, WYNN, LOCO, TSM
Q4 2025 10$48.3MRACE, WYNN, KO, TSM, LOCO
Q3 2025 10$49.7MRACE, WYNN, KO, TSM, LOCO
Q2 2025 10$47.1MRACE, KO, WYNN, LOCO, TSM
Q1 2025 10$44.2MRACE, KO, WYNN, LOCO, TSM
Q4 2024 10$43.8MRACE, KO, LOCO, TSM, WYNN
Q3 2024 10$47.1MRACE, KO, LOCO, WYNN, TSM
Q2 2024 9$29.5MKO, RACE, TSM, JACK, CBRL
Q1 2024 9$30.8MKO, RACE, CBRL, JACK, TSM