* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.
Confidential Treatment Requested. (The Manager has omitted from this public Form 13F one or more holding(s) for which it is requesting confidential treatment from the U.S. Securities and Exchange Commission pursuant to section 13(f) of the Exchange Act and rule 24b-2 thereunder)
Person Signing this Report on Behalf of Reporting Manager:
Name
Title
City, State
Date
Sardar Biglari
Chairman and Chief Executive Officer
San Antonio, Texas
2/14/2023
The Lion Fund, L.P. holds 120,036.7 shares of Biglari Holdings Inc. Class A Common Stock with sole voting authority of all 120,036.7 shares. Biglari Capital Corp. holds 25,663.1 shares of Biglari Holdings Inc. Class A Common Stock with sole voting authority of all 25,663.1 shares. The table does not have space to show fractional shares, therefore the fractional shares have been rounded to the nearest whole number.
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