BS
Biglari, Sardar — 13F Portfolio Report & Top Holdings (Q2 2026)
Biglari, SardarCIK: 0001334430
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$62.2M
Reporting period: 2026-06-30 · Number of holdings: 10
BIGLARI, SARDAR disclosed 10 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $62.2M and a quarterly turnover rate of 22.2%.
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Personality snowflake
- Concentration
- 74.09
- Portfolio Stability
- 22.19
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 20
- Sizing Uniformity
- 90.27
Biglari, Sardar's disclosed holdings carry a Herfindahl concentration index of 0.185 — mathematically equivalent to about 5 equally-sized positions, well below its 10 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.97), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 24.6 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim WYNN
0.0% -$313.1K
Add CBRL
0.0% $1.7M
Trim KO
+1.1% $669.6K
Add TSM
0.0% $2.1M
Add JACK
0.0% $1.2M
Add RACE
+13.7% $4.2M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | RACE | Ferrari N.V. | Stock-Consumer Disc | 33.74% | +0.76% | +13.71% | |
| 2 | KO | Coca-cola Co/the | Stock-Consumer Staples | 14.40% | -1.89% | +1.14% | |
| 3 | LOCO | El Pollo Loco Holdings Inc | Stock-Other | 13.33% | +0.01% | — | |
| 4 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 11.60% | +1.57% | — | |
| 5 | WYNN | Wynn Resorts LTD | Stock-Consumer Disc | 10.95% | -3.05% | — | |
| 6 | CBRL | Cracker Barrel Old Country | Stock-Other | 5.92% | +2.10% | — | |
| 7 | JACK | Jack In THE Box Inc | Stock-Other | 5.10% | +1.29% | — | |
| 8 | KMX | Carmax Inc | Stock-Consumer Disc | 3.49% | +0.13% | — | |
| 9 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 1.20% | -0.71% | — | |
| 10 | AAME | Atlantic American CORP | Stock-Other | 0.28% | -0.20% | — |
Portfolio Performance
Performance for Q3 2026
+14.6%
Performance Last 4 Quarters
+10.1%
- Stdev
- +16.9%
- Beta
- +0.82
- Alpha
- -8.7%
- Max Drawdown
- -11.1%
- Annualized Perf
- +6.6%
- Batting Avg vs S&P
- +30.6%
- Sortino
- +0.68
- Stutzer
- +0.13
- Treynor
- +0.09
- Sterling
- +0.34
- Calmar
- +0.6
- Information Ratio
- -0.92
- Tracking Error
- +13.3%
- Stdev Down
- +11.4%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +22.5%
- Worst 12 Months
- -7.5%
- Efficiency Ratio
- +0.15
- Sharpe
- +0.46
- Stdev Sectors
- +22.8%
- Skewness
- -0.42
- Kurtosis
- -0.23
- Upside Potential
- +2.35
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 10 | $62.2M | 22 | ||
| 2026 Q1 | 10 | $50.9M | 24 | ||
| 2025 Q4 | 10 | $48.3M | 8 | ||
| 2025 Q3 | 10 | $49.7M | 32 | ||
| 2025 Q2 | 10 | $47.1M | 0 | ||
| 2025 Q1 | 10 | $44.2M | 100 | ||
| 2024 Q4 | 10 | $43.8M | 0 | ||
| 2024 Q3 | 10 | $47.1M | 0 | ||
| 2024 Q2 | 9 | $29.5M | 0 | ||
| 2024 Q1 | 9 | $30.8M | 0 | ||
| 2023 Q4 | 9 | $28.7M | 0 | ||
| 2023 Q3 | 9 | $24.2M | 0 | ||
| 2023 Q2 | 8 | $24.9M | 0 | ||
| 2023 Q1 | 8 | $24.3M | 0 | ||
| 2022 Q4 | 8 | $18.8M | 0 | ||
| 2022 Q3 | 1 | $3.6M | 0 | ||
| 2022 Q2 | 6 | $19.7M | 0 | ||
| 2022 Q1 | 5 | $12.8M | 0 | ||
| 2021 Q4 | 6 | $20.2M | 0 | ||
| 2021 Q3 | 4 | $12.9M | 0 | ||
| 2021 Q2 | 2 | $9.2M | 24 | ||
| 2021 Q1 | 2 | $9.6M | 28 | ||
| 2020 Q4 | 2 | $7.5M | 15 | ||
| 2020 Q3 | 2 | $6.5M | 5 | ||
| 2020 Q2 | 2 | $6.2M | 28 | ||
| 2020 Q1 | 2 | $4.7M | 100 | ||
| 2019 Q4 | 1 | $25.0K | 100 | ||
| 2019 Q1 | 1 | $1.2M | 36 | ||
| 2018 Q4 | 1 | $1.7M | 27 | ||
| 2018 Q3 | 1 | $2.3M | 0 | ||
| 2018 Q2 | 1 | $2.3M | 2 | ||
| 2018 Q1 | 1 | $2.3M | 7 | ||
| 2017 Q4 | 2 | $2.5M | 6 | ||
| 2017 Q3 | 2 | $2.6M | 2 | ||
| 2017 Q2 | 2 | $2.7M | 8 | ||
| 2017 Q1 | 2 | $2.5M | 19 | ||
| 2016 Q4 | 2 | $2.0M | 15 | ||
| 2016 Q3 | 2 | $2.4M | 9 | ||
| 2016 Q2 | 1 | $2.5M | 100 | ||
| 2016 Q1 | 2 | $16.3M | 11 | ||
| 2015 Q4 | 2 | $15.2M | 10 | ||
| 2015 Q3 | 2 | $16.7M | 9 | ||
| 2015 Q2 | 2 | $18.1M | 1 | ||
| 2015 Q1 | 2 | $18.2M | 5 | ||
| 2014 Q4 | 2 | $18.2M | 53 | ||
| 2014 Q3 | 1 | $10.5M | 3 | ||
| 2014 Q2 | 1 | $10.8M | 14 | ||
| 2014 Q1 | 1 | $12.5M | 23 | ||
| 2013 Q4 | 1 | $9.9M | 20 | ||
| 2013 Q3 | 1 | $8.0M | 64 | ||
| 2013 Q2 | 1 | $4.1M | 0 |
Holding changes this quarter
Biglari, Sardar's most significant position changes for 2026-06-30: Add: Coca-cola Co/the (KO) — shares +1.14%; Add: Ferrari N.V. (RACE) — shares +13.71%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CBRL | Cracker Barrel Old Country | +2.1% | — | Unchanged |
| 2 | TSM | Taiwan Semiconductor-sp Adr | +1.6% | — | Unchanged |
| 3 | JACK | Jack In THE Box Inc | +1.3% | — | Unchanged |
| 4 | RACE | Ferrari N.V. | +0.8% | +13.71% | Add |
| 5 | KMX | Carmax Inc | +0.1% | — | Unchanged |
| 6 | LOCO | El Pollo Loco Holdings Inc | 0% | — | Unchanged |
| 7 | AAME | Atlantic American CORP | -0.2% | — | Unchanged |
| 8 | BABA | Alibaba Group Holding-sp Adr | -0.7% | — | Unchanged |
| 9 | KO | Coca-cola Co/the | -1.9% | +1.14% | Add |
| 10 | WYNN | Wynn Resorts LTD | -3.1% | — | Unchanged |
Filing History
FAQ
What is Biglari, Sardar and what type of investor is it?
Biglari, Sardar is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $62.2M, spread across 10 disclosed positions.
What are Biglari, Sardar's largest equity positions?
Based on the latest 13F filing, Biglari, Sardar's top holdings by market value are:
1. Ferrari N.V. (RACE) — $21.0M (33.7%)
2. Coca-cola Co/the (KO) — $9.0M (14.4%)
3. El Pollo Loco Holdings Inc (LOCO) — $8.3M (13.3%)
4. Taiwan Semiconductor-sp Adr (TSM) — $7.2M (11.6%)
5. Wynn Resorts LTD (WYNN) — $6.8M (10.9%)
What changes did Biglari, Sardar make in its most recent portfolio filing?
In the latest quarter, Biglari, Sardar was primarily adding exposure — initiating 0 new positions and adding to 2 existing holdings. The largest of these moves: Add: Coca-cola Co/the (KO) — shares +1.14%; Add: Ferrari N.V. (RACE) — shares +13.71%
What sectors does Biglari, Sardar focus on?
Biglari, Sardar is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 65.5%
• Consumer Staples: 19.1%
• Information Technology: 15.4%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Biglari, Sardar returned an annualized 6.6% over the trailing 36 months — underperforming the S&P 500 by 8.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.82 (less volatile than the market) and a 31% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 65.5% of the portfolio concentrated in Consumer Discretionary.
Its turnover score has risen from 0 to 22 over the past 4 quarters — a shift toward more active trading.
It has added to its RACE position over the past two quarters (+$8.8M, now $21.0M), while trimming WYNN over the same stretch (-$1.6M, still holding $6.8M).
Peer Institutions
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Concentration100.0
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Sector conviction0.0
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AC
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Total reported value
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Sector conviction0.0
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GB
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1 stks
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Concentration100.0
Portfolio Stability0.0
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Similar Holdings Style
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BO
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Total reported value
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Concentration97.5
Portfolio Stability100.0
Sector conviction100.0
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RC
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Also holds Ferrari N.V. as its largest position
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Developer Access
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