Stocks/Funds/CIK 1334430

BIGLARI, SARDAR

microcap filerlong-term holderconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1334430
Assets
$51M
+15.2% YoY
Holdings
10
Lifetime alpha vs market
-13.93% annual
Average hold time
4.3 yr
median 4.3 yr

Quarterly history

Cum return -16% vs S&P +52% · α -69% lifetimeAUM $51M · peak $51MFlow $4M (+7%)2015-122017-062018-122020-122022-062023-122025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+0.02%
adds when stocks drop
when a holding falls −10%+
Middle response
+8.43%
steady accumulation
Rally response
+1.63%
adds into rallies
when a holding rises +10%+

Top positions · 10

Ticker$ value% portYoYHold time
RACEFerrari N.V.$17M33.0%-20.3%3.8 yr
KOThe Coca-Cola Company$8M16.3%+9.3%4.8 yr
WYNNWynn Resorts, Limited$7M14.0%+22.7%1.8 yr
LOCOEl Pollo Loco Holdings, $7M13.3%+34.6%2.8 yr
TSMTaiwan Semiconductor Man$5M10.0%+105.6%4.5 yr
CBRLCracker Barrel Old Count$2M3.8%-26.5%6.3 yr
JACKJack in the Box Inc.$2M3.8%-64.4%4.0 yr
KMXCarMax, Inc.$2M3.4%-46.6%4.5 yr
BABAAlibaba Group Holding Li$1M1.9%-3.5%4.0 yr
AAMEAtlantic American Corpor$0M0.5%+39.5%6.5 yr

Portfolio composition (YoY)

Industry mix
Auto - Manufacturers33.0%+12.7pp$17M
Restaurants20.9%-2.5pp$11M
Beverages - Non-Alcoholic16.3%-2.0pp$8M
Gambling, Resorts & Casinos14.0%+2.4pp$7M
Semiconductors10.0%-0.0pp$5M
Auto - Dealerships3.4%-3.1pp$2M
Specialty Retail1.9%-7.4pp$1M
Insurance - Life0.5%-0.2pp$0M
Country
US55.1%-5.4pp
IT33.0%+12.7pp
TW10.0%-0.0pp
CN1.9%-7.4pp
Top 5: 86.6% · Top 10: 100.0% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
TSM$4M+0.00B105.6%
LOCO$5M+0.00B34.6%
WYNN$5M+0.00B22.7%
KO$8M+0.00B9.3%
AAME$0M+0.00B39.5%

Losers

TickerPrev $PnLYoY %
RACE$9M-0.00B-20.3%
JACK$3M-0.00B-64.4%
KMX$3M-0.00B-46.6%
CBRL$3M-0.00B-26.5%
BABA$4M-0.00B-3.5%

Top buys this quarter · 2

RACE Ferrari N.V.+$6M
KO The Coca-Cola Company+$0M

Top sells this quarter · 1

TSM Taiwan Semiconductor Manufactu$2M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$51M10+0.49%+17.59%-17.11%+0.00B
2025-12-31$48M10-0.73%+17.72%-18.45%+0.00B
2025-09-30$50M10+0.76%+17.52%-16.76%+0.00B
2025-06-30$47M10+7.69%+14.94%-7.26%-0.00B
2025-03-31$44M10-8.48%+8.30%-16.78%+0.00B
2024-12-31$44M10+0.26%+24.89%-24.63%-0.00B
2024-09-30$47M10+19.90%+36.04%-16.14%+0.01B
2024-06-30$30M9-8.71%+24.49%-33.20%+0.00B
2024-03-31$31M9-0.19%+29.62%-29.81%+0.00B
2023-12-31$29M9+11.83%+26.18%-14.35%+0.00B
2023-09-30$24M9+4.86%+21.57%-16.71%+0.00B
2023-06-30$25M8+14.72%+19.42%-4.71%+0.00B
2023-03-31$24M8-9.00%-7.82%-1.19%+0.00B
2022-12-31$19M8+4.41%+7.56%-3.15%+0.00B
2022-09-30$18M8-8.22%-4.93%-3.29%-0.00B
2022-06-30$22M7-20.04%-16.11%-3.93%+0.01B