In Q2 2026, Biglari Capital held 11 US-listed stocks worth $1.2bn. Its biggest move was cutting El Pollo Loco Holdings (6% fewer shares, now 5.4%). Its largest holding is Biglari Holdings at 80%.
Q2 2026, filed 14 Aug 2026 (filing): 0 new, 2 added to, 2 trimmed, 0 sold out. Select a row to see it over time.How this works
Changes compare share counts with Q1 2026, adjusted for stock splits. Share classes of the same company are combined. Values are at quarter-end prices.
13F holdings with change from the previous quarter
Each bar is one 13F. Select a bar or press play to see that quarter’s 12 largest positions.How this works
Bars are split by share of the US portfolio: the six biggest holdings over the period in colour, everything else in grey. The last eight quarters are shown in full, earlier years at year end.
2013
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Q4 ’24
Q2 ’25
Q4 ’25
Q2 ’26
BHCBRLRACEJACKLOCOBRK.BEverything else
2013: Biglari Holdings 22.4%, Cracker Barrel Old Country Store 77.1%, Ferrari 0.0%, Jack in the Box 0.0%, El Pollo Loco Holdings 0.0%, Berkshire Hathaway 0.0%; 2014: Biglari Holdings 15.7%, Cracker Barrel Old Country Store 81.8%, Ferrari 0.0%, Jack in the Box 0.0%, El Pollo Loco Holdings 0.0%, Berkshire Hathaway 0.0%; 2015: Biglari Holdings 33.1%, Cracker Barrel Old Country Store 62.2%, Ferrari 0.0%, Jack in the Box 0.0%, El Pollo Loco Holdings 0.0%, Berkshire Hathaway 0.0%; 2016: Biglari Holdings 37.8%, Cracker Barrel Old Country Store 60.1%, Ferrari 0.0%, Jack in the Box 0.0%, El Pollo Loco Holdings 0.0%, Berkshire Hathaway 0.0%; 2017: Biglari Holdings 36.6%, Cracker Barrel Old Country Store 61.7%, Ferrari 0.0%, Jack in the Box 0.0%, El Pollo Loco Holdings 0.0%, Berkshire Hathaway 0.1%; 2018: Biglari Holdings 21.6%, Cracker Barrel Old Country Store 75.9%, Ferrari 0.0%, Jack in the Box 0.0%, El Pollo Loco Holdings 0.0%, Berkshire Hathaway 0.1%; 2019: Biglari Holdings 36.0%, Cracker Barrel Old Country Store 52.4%, Ferrari 0.0%, Jack in the Box 0.0%, El Pollo Loco Holdings 0.0%, Berkshire Hathaway 0.1%; 2020: Biglari Holdings 39.2%, Cracker Barrel Old Country Store 46.9%, Ferrari 0.0%, Jack in the Box 0.0%, El Pollo Loco Holdings 0.0%, Berkshire Hathaway 8.7%; 2021: Biglari Holdings 44.0%, Cracker Barrel Old Country Store 39.0%, Ferrari 0.0%, Jack in the Box 0.9%, El Pollo Loco Holdings 0.0%, Berkshire Hathaway 7.2%; 2022: Biglari Holdings 48.8%, Cracker Barrel Old Country Store 32.5%, Ferrari 4.3%, Jack in the Box 11.6%, El Pollo Loco Holdings 0.0%, Berkshire Hathaway 0.2%; 2023: Biglari Holdings 49.7%, Cracker Barrel Old Country Store 22.7%, Ferrari 6.5%, Jack in the Box 12.9%, El Pollo Loco Holdings 5.2%, Berkshire Hathaway 0.2%; Q3 ’24: Biglari Holdings 54.5%, Cracker Barrel Old Country Store 13.9%, Ferrari 11.1%, Jack in the Box 7.7%, El Pollo Loco Holdings 8.4%, Berkshire Hathaway 0.2%; Q4 ’24: Biglari Holdings 65.6%, Cracker Barrel Old Country Store 12.6%, Ferrari 7.8%, Jack in the Box 5.3%, El Pollo Loco Holdings 5.5%, Berkshire Hathaway 0.2%; Q1 ’25: Biglari Holdings 66.4%, Cracker Barrel Old Country Store 10.9%, Ferrari 9.3%, Jack in the Box 4.1%, El Pollo Loco Holdings 5.8%, Berkshire Hathaway 0.2%; Q2 ’25: Biglari Holdings 72.0%, Cracker Barrel Old Country Store 6.3%, Ferrari 10.5%, Jack in the Box 3.4%, El Pollo Loco Holdings 5.1%, Berkshire Hathaway 0.2%; Q3 ’25: Biglari Holdings 75.4%, Cracker Barrel Old Country Store 2.8%, Ferrari 11.0%, Jack in the Box 3.6%, El Pollo Loco Holdings 4.3%, Berkshire Hathaway 0.2%; Q4 ’25: Biglari Holdings 79.0%, Cracker Barrel Old Country Store 1.6%, Ferrari 8.9%, Jack in the Box 3.4%, El Pollo Loco Holdings 4.5%, Berkshire Hathaway 0.2%; Q1 ’26: Biglari Holdings 79.2%, Cracker Barrel Old Country Store 0.1%, Ferrari 10.6%, Jack in the Box 1.8%, El Pollo Loco Holdings 6.0%, Berkshire Hathaway 0.1%; Q2 ’26: Biglari Holdings 79.7%, Cracker Barrel Old Country Store 0.0%, Ferrari 10.8%, Jack in the Box 2.2%, El Pollo Loco Holdings 5.4%, Berkshire Hathaway 0.1%
Holdings of 5% or more of a company (13D and 13G), usually reported well before the next 13F.How this works
Biglari Capital’s filings since December 2024, newest first. An amendment showing less than 5% means the holding fell below the threshold. A 13D means the holder may seek to influence the company. How to read a 13D.