SEC 13F Intelligence

Managers / Q1 2026

BIGLARI CAPITAL CORP.

CIK 0001334429 · 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO, TX, 78259 · (210) 344-3400

Reported Value
$929M
Q1 2026
Positions
19
Filings on Record
37
2019–present window
Filed
May 15, 2026
original filing

Summary

Biglari Capital Corp. reported $929M in U.S.-listed holdings across 19 positions for Q1 2026.

The portfolio is heavily concentrated: BH alone accounts for 47.7% of reported value.

The book was largely unchanged from Q4 2025.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $909MQ4 ’18Q1 ’19: $835MQ2 ’19: $711MQ3 ’19: $646MQ4 ’19: $587MQ4 ’19Q1 ’20: $295MQ2 ’20: $426MQ3 ’20: $498MQ4 ’20: $563MQ4 ’20Q1 ’21: $699MQ2 ’21: $706MQ3 ’21: $727MQ4 ’21: $655MQ4 ’21Q1 ’22: $574MQ2 ’22: $421MQ3 ’22: $455MQ4 ’22: $583.0BQ4 ’22Q1 ’23: $718MQ2 ’23: $755MQ3 ’23: $640MQ4 ’23: $679MQ4 ’23Q1 ’24: $746MQ2 ’24: $657MQ3 ’24: $651MQ4 ’24: $839MQ4 ’24Q1 ’25: $709MQ2 ’25: $865MQ3 ’25: $913MQ4 ’25: $933MQ4 ’25Q1 ’26: $929Mfilingsflow.com

Portfolio Composition

By security type

Composition data arrives with ticker enrichment.

Quarter-over-Quarter Changes full breakdown →

Holdings — Q1 2026

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#IssuerClass% PortfolioValueShares

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$929M19May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$933M19Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$913M20Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$865M19Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$709M20May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$839M20Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$651M20Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$657M18Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$746M18May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$679M19Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$640M19Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$755M19Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$718M19May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$583.0B19Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$455M15Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$421M11Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$574M14May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$655M17Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$727M18Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$706M16Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$699M16May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$563M17Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$498M16Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$426M14Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$295M14May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$587M14Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019REVEALED$646M19Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$711M14Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$835M13May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$909M14Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 3 additional managers.

  • BIGLARI, SARDAR028-14882
  • LION FUND, L.P.028-15398
  • LION FUND II, L.P.028-16045

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.