Biglari, Sardar
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Biglari, Sardar reported 10 stock positions worth $50.9 million. Its top holding was Ferrari (RACE) at 33.0% of the portfolio, followed by Coca-Cola (KO, 16.3%) and WYNN Resorts (WYNN, 14.0%). Compared with Q4 2025, it added to 2 and reduced 1. The biggest buy was Ferrari (RACE, shares +50%) and the biggest sale Taiwan Semiconductor-SP ADR (TSM, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- San Antonio, TX
- CIK
- 0001334430
- Portfolio Value
- $50.9M (Q1 2026)
- SEC Filing
- 0000921895-26-001420 ↗ filed May 15, 2026
Holdings Value
Holdings 10 stocks · $50.9M
| RACE Ferrari NV | 32.98% | 49,600 | $16.8M | Add +49.9% |
| KO The Coca-Cola Co. | 16.29% | 109,010 | $8.3M | Add +1.8% |
| WYNN WYNN Resorts Ltd. | 14.00% | 70,200 | $7.1M | No change |
| LOCO El Pollo Loco Holdings Inc. | 13.32% | 489,247 | $6.8M | No change |
| TSM Taiwan Semiconductor-SP ADR | 10.03% | 15,111 | $5.1M | Reduce -29.1% |
| CBRL Cracker Barrel Old Country | 3.82% | 69,141 | $1.9M | No change |
| JACK Jack in the Box Inc. | 3.81% | 200,617 | $1.9M | No change |
| KMX Carmax Inc. | 3.36% | 41,100 | $1.7M | No change |
| BABA Alibaba Group Holding-SP ADR | 1.91% | 7,750 | $972K | No change |
| AAME Atlantic American Corp. | 0.48% | 105,861 | $247K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| TSM Taiwan Semiconductor-SP ADR | Reduce -29.1% | 10.03% | −3.37 |
Portfolio Buys Q4 2025 → Q1 2026
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 |