BIGLARI CAPITAL CORP.

Q3 2025 13F-HR Holdings

Location
San Antonio, TX
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
12
Total value ($000)
$913,216
Net value change ($000)
+48,129 (5.6%)
New positions
0
Sold out positions
0
Turnover %
0.0%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BH-A 43,842 10.8%
BH-A 22,228 10.3%
RACE 10,190 11.3%
WYNN 4,975 36.9%
JACK 3,889 13.2%
BRK-B 50 3.4%
TSM 5 21.7%
Top Reduces (Value $000, Stocks/ETFs)
CBRL -29,000 -52.9%
LOCO -5,240 -11.9%
KMX -2,801 -33.2%
BHC -9 -3.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type