BIGLARI CAPITAL CORP.

Q4 2025 13F-HR Holdings

Location
San Antonio, TX
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
12
Total value ($000)
$932,665
Net value change ($000)
+19,449 (2.1%)
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: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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 31,362 13.2%
BH-A 16,608 3.7%
LOCO 3,040 7.8%
BHC 20 7.5%
BRK-B 2 0.1%
TSM 2 7.1%
Top Reduces (Value $000, Stocks/ETFs)
RACE -17,366 -17.2%
CBRL -10,916 -42.4%
JACK -1,381 -4.1%
WYNN -1,141 -6.2%
KMX -782 -13.9%
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