Biglari, Sardar
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Biglari, Sardar reported 10 stock positions worth $48.3 million. Its top holding was Ferrari (RACE) at 25.3% of the portfolio, followed by WYNN Resorts (WYNN, 17.5%) and Coca-Cola (KO, 15.5%). Compared with Q3 2025, it added to 2. The biggest buy was Coca-Cola (KO, shares +1%).
- Most Recent 13F
- Q2 2026
- Location
- San Antonio, TX
- CIK
- 0001334430
- Portfolio Value
- $48.3M (Q4 2025)
- SEC Filing
- 0000921895-26-000462 ↗ filed Feb 17, 2026
Holdings Value
Holdings 10 stocks · $48.3M
| RACE Ferrari NV | 25.30% | 33,100 | $12.2M | Add +29.8% |
| WYNN WYNN Resorts Ltd. | 17.47% | 70,200 | $8.4M | No change |
| KO The Coca-Cola Co. | 15.49% | 107,118 | $7.5M | Add +1.1% |
| TSM Taiwan Semiconductor-SP ADR | 13.40% | 21,314 | $6.5M | No change |
| LOCO El Pollo Loco Holdings Inc. | 10.59% | 489,247 | $5.1M | No change |
| JACK Jack in the Box Inc. | 7.86% | 200,617 | $3.8M | No change |
| CBRL Cracker Barrel Old Country | 3.63% | 69,141 | $1.8M | No change |
| KMX Carmax Inc. | 3.29% | 41,100 | $1.6M | No change |
| BABA Alibaba Group Holding-SP ADR | 2.35% | 7,750 | $1.1M | No change |
| AAME Atlantic American Corp. | 0.62% | 105,861 | $300K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| None this quarter. | |||
Portfolio Buys Q3 2025 → Q4 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 10 | $62.2M | RACE, KO, LOCO, TSM, WYNN |
| Q1 2026 | 10 | $50.9M | RACE, KO, WYNN, LOCO, TSM |
| Q4 2025 | 10 | $48.3M | RACE, WYNN, KO, TSM, LOCO |
| Q3 2025 | 10 | $49.7M | RACE, WYNN, KO, TSM, LOCO |
| Q2 2025 | 10 | $47.1M | RACE, KO, WYNN, LOCO, TSM |
| Q1 2025 | 10 | $44.2M | RACE, KO, WYNN, LOCO, TSM |
| Q4 2024 | 10 | $43.8M | RACE, KO, LOCO, TSM, WYNN |
| Q3 2024 | 10 | $47.1M | RACE, KO, LOCO, WYNN, TSM |
| Q2 2024 | 9 | $29.5M | KO, RACE, TSM, JACK, CBRL |
| Q1 2024 | 9 | $30.8M | KO, RACE, CBRL, JACK, TSM |