BIGLARI, SARDAR

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
10
Total value ($000)
$49,651
Net value change ($000)
+2,507 (5.3%)
New positions
0
Sold out positions
0
Turnover %
0.0%
Sector allocation + QoQ delta (equities-only)

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)
WYNN 2,429 36.9%
TSM 1,126 23.3%
RACE 1,037 9.1%
BABA 506 57.6%
JACK 463 13.2%
Top Reduces (Value $000, Stocks/ETFs)
CBRL -1,177 -27.9%
KMX -918 -33.2%
LOCO -641 -11.9%
KO -219 -3.0%
AAME -97 -24.2%
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