Investment adviser · CRD 115197

BIGLARI CAPITAL CORP.

Investment adviser filing (IA)

BIGLARI CAPITAL LLC

SAN ANTONIO, TX, United States · Form ADV filed Mar 28, 2026

Regulatory AUM
$1.04B
Form ADV · Item 5.F
Client accounts
2
Accounts, not individual clients
Employees
4
Reported in this filing
Advisory professionals
1
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles2$1,043,222,993100.0%
Filing source

Form ADV 2086022 · Mar 28, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

2 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

THE LION FUND, L.P.Hedge Fund · Last reported Mar 28, 2026$750MGross asset value
Auditor DELOITTE & TOUCHE LLP AUSTIN, Texas, United States
Custodian J.P. MORGAN CHASE & CO. NEW YORK, New York, United States Related to adviser: No
Custodian WELLS FARGO BANK, N.A. SAN ANTONIO, Texas, United States Related to adviser: No
Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 34

Fund details & source
Fund ID
805-2650541385
Reported beneficial owners
62
Minimum commitment
$5M

Form ADV 2086022 · Mar 28, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

THE LION FUND II, L.P.Hedge Fund · Last reported Mar 28, 2026$293MGross asset value

Form D fundraising filings

LION FUND II, L.P.

Auditor DELOITTE & TOUCHE LLP AUSTIN, Texas, United States
Custodian CHARLES SCHWAB INVESTMENT ADVISORY, INC. SAN FRANCISCO, California, United States Related to adviser: No
Custodian INTERACTIVE BROKERS LLC CHICAGO, Illinois, United States Related to adviser: No
Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No
Custodian WELLS FARGO BANK, NA SAN ANTONIO, Texas, United States Related to adviser: No
Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 34

INTERACTIVE BROKERS LLC
SEC 8-47257

J.P. MORGAN SECURITIES LLC
SEC 8-35008

Fund details & source
Fund ID
805-1397254417
Reported beneficial owners
7
Minimum commitment
$5M
Form D file number
021-199715

Form ADV 2086022 · Mar 28, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 28, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Performance-based

Principal office

19100 RIDGEWOOD PARKWAY, SUITE 1200
SAN ANTONIO, TX, 78259, United States

CRD 115197

Filing source

Form ADV 2086022 · Mar 28, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.