BIGLARI, SARDAR

CIK 0001334430 · Q1 2026

13F Equity AUM

$50.9M

+5.3% QoQ

Positions

0 QoQ

AUM Rank

#10,814

Top 87%

Skill Alpha (FF)

+6.6%/yr^ns

No Clear Edge

Rank #473 · Top 6%

vs S&P -11.1%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 86.6%Top 10: 100.0%Top 20: 100.0%

RACE33.0%

KO16.3%

WYNN14.0%

LOCO13.3%

TSM10.0%

CBRL3.8%

JACK3.8%

KMX3.4%

BABA1.9%

AAME0.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Consumer Cyclical73.2%

Consumer Defensive16.3%

Technology10.0%

Other0.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 10Median: 6.92%Avg: 10.00%

0–0.5%

1(0.5%)

0.5–1%

0(0.0%)

1–3%

1(1.9%)

3–5%

3(11.0%)

5%+

5(86.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 9Unique: 1vs 20 funds

0.1%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

0.2%

STATE STREET CORP

0.3%

MORGAN STANLEY

0.2%

BANK OF AMERICA CORP /DE/

0.2%

VANGUARD CAPITAL MANAGEMENT LLC

0.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.2%

GEODE CAPITAL MANAGEMENT, LLC

0.2%

JPMORGAN CHASE & CO

0.1%

FMR LLC

0.2%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New0Increased2Decreased1Exited0

Increased

RACE33.0%

+17K(+50%)

KO16.3%

+2K(+2%)

Decreased

TSM10.0%

-6,203(-29%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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