BIGLARI, SARDAR
Long book
$50.9M
Q1 2026
Positions
10
Top-10 weight
100%
concentration
Last quarter
+18.3%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsBIGLARI, SARDAR is a concentrated fundamental stock-picker, running a $50.9M US long book across 10 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: FERRARI NV, COCA-COLA CO/THE, WYNN RESORTS LTD, EL POLLO LOCO HOLDINGS INC, TAIWAN SEMICONDUCTOR-SP ADR.
Over the last 9 quarters its long book ran on average 3.1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-8.0%
Q2 2024
+10.4%
Q3 2024
-6.9%
Q4 2024
-3.2%
Q1 2025
+8.5%
Q2 2025
+3.1%
Q3 2025
-8.2%
Q4 2025
-2.0%
Q1 2026
+18.3%
Sector allocation
Industrials 37%
Consumer discretionary 28%
Consumer staples 18%
Services media 16%
Financials 1%
Long book by quarter
What does BIGLARI, SARDAR own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| RACE FERRARI NV | Industrials | 49.6K | $16.8M | 33.0% | +49.8% |
| KO COCA-COLA CO/THE | Consumer staples | 109.0K | $8.3M | 16.3% | +1.8% |
| WYNN WYNN RESORTS LTD | Services media | 70.2K | $7.1M | 14.0% | Held |
| LOCO EL POLLO LOCO HOLDINGS INC | Consumer discretionary | 489.2K | $6.8M | 13.3% | Held |
| CBRL CRACKER BARREL OLD COUNTRY | Consumer discretionary | 69.1K | $1.9M | 3.8% | Held |
| JACK JACK IN THE BOX INC | Consumer discretionary | 200.6K | $1.9M | 3.8% | Held |
| KMX CARMAX INC | Consumer discretionary | 41.1K | $1.7M | 3.4% | Held |
| AAME ATLANTIC AMERICAN CORP | Financials | 105.9K | $247K | 0.5% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 10 | $50.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 10 | $48.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 10 | $49.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 10 | $47.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 10 | $44.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 10 | $43.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 10 | $47.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 9 | $29.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 9 | $30.8M | canonical | SEC ↗ |
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