Biglari, Sardar
Biglari Holdings Inc. is a diversified holding company based in San Antonio, Texas. Led by Chairman and CEO Sardar Biglari, the company operates businesses in various industries, most notably restaurants and insurance, and is known for its value-oriented, activist investing approach. Sardar Biglari, through Biglari Capital Corp., manages investment funds such as The Lion Fund and Lion Fund II, typically focusing on long-term value creation. Biglari Holdings was founded in 2008, employs approximately 4,000 people (primarily through its operating subsidiaries), and serves shareholders interested in a value investment approach combined with entrepreneurial company management.
Investment Strategy
Biglari Holdings, under the leadership of Sardar Biglari and Biglari Capital Corp., pursues a value-oriented investment strategy. The firm often seeks substantial positions in public companies and applies activist principles to unlock shareholder value. Investments typically focus on businesses with strong cash flows, durable franchises, and the potential for operational improvements or strategic transformation. The approach emphasizes long-term value creation, patient capital deployment, and opportunistic acquisitions in both public equities and operating businesses.
Top Holdings
Equity Positions (10)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
R RACE | FERRARI N V | 24.05% | $11.3M | 23,100 | $329.66 | $490.74 | +$2.4M |
K KO | COCA COLA CO | 15.38% | $7.2M | 102,464 | $60.09 | $70.75 | -$819.7K |
W WYNN | WYNN RESORTS LTD | 13.95% | $6.6M | 70,200 | $95.60 | $93.67 | +$1.5M |
L LOCO | EL POLLO LOCO HLDGS INC | 11.43% | $5.4M | 489,247 | $12.53 | $11.01 | +$347.4K |
T TSM | TAIWAN SEMICONDUCTOR MFG LTD | 10.24% | $4.8M | 21,314 | $96.06 | $226.49 | +$390.6K |