# Biglari Capital portfolio: Q2 2026 13F holdings | moatshark

Sardar Biglari’s Biglari Capital: $1.2bn in 11 US holdings at Q2 2026, with buys and sells.

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%.

13F for the quarter ending 2026-06-30, filed 2026-08-14 ([filing](https://www.sec.gov/Archives/edgar/data/1334429/000092189526002189/0000921895-26-002189-index.htm)). $1.2bn in US-listed holdings.

## 13F holdings

| Company | Value | Portfolio | Change | Q1 2026 |
| --- | --- | --- | --- | --- |
| Biglari Holdings (BH) | $952m | 79.7% | Added +3.5% | 79.2% |
| Ferrari (RACE) | $129m | 10.8% | Added +19% | 10.6% |
| El Pollo Loco Holdings (LOCO) | $64.1m | 5.4% | Trimmed -5.6% | 6.0% |
| Jack in the Box (JACK) | $26.6m | 2.2% | Unchanged | 1.8% |
| Wynn Resorts (WYNN) | $14.0m | 1.2% | Unchanged | 1.6% |
| Carmax (KMX) | $6.6m | 0.6% | Unchanged | 0.6% |
| Berkshire Hathaway (BRK.B) | $1.5m | 0.1% | Unchanged | 0.1% |
| Bausch Health Companies (BHC) | $202k | 0.0% | Unchanged | 0.0% |
| Cracker Barrel Old Country Store (CBRL) | $107k | 0.0% | Trimmed -94% | 0.1% |
| Taiwan Semiconductor Manufacturing (TSM) | $48k | 0.0% | Unchanged | 0.0% |
| Coca-Cola (KO) | $10k | 0.0% | Unchanged | 0.0% |

Source: SEC filings, via moatshark (https://www.moatshark.com/m/biglari-capital). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.