Private fund adviser · SAN Antonio, TX
Biglari Capital Corp.
Biglari Capital LLC · SEC-registered investment adviser · CRD 115197 · SEC 801-78141
At a glance
Biglari Capital Corp. is an SEC-registered investment adviser based in SAN Antonio, Texas, with $1.0 billion in regulatory assets under management as of its Form ADV filed March 28, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 2,263rd of 4,686 private fund advisers and 5,254th of 17,210 SEC-registered advisers by assets.
Main office 210-344-3400As filed on Form ADV
- Regulatory AUM
- $1.0B
- Rank among private fund advisers
- #2,263 of 4,686
- Rank among all SEC RIAs
- #5,254 of 17,210
- Rank in Texas
- #306 of 1,081
- Clients
- 2
- Accounts
- 2
- Discretionary
- 100% of AUM
- Employees
- 4
- Advisory staff
- 1
- Offices
- 1
Owners and executives on its Form ADV
- Sardar BiglariChairman & CEO / Managing Member
- Bruce LewisChief Compliance Officer
Custody and brokerage
Custodian
Biglari Capital Corp.’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 2 | $1.0B | 100% |
Private funds
Biglari Capital Corp. reports 2 private funds with $1.0B in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Biglari Capital Corp. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
How it’s paid
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗
AtlasMembers
The full record on Biglari Capital Corp.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,136 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Biglari Capital Corp. manage?
Biglari Capital Corp. reports $1.0 billion in regulatory assets under management across 2 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 28, 2026.
What kind of firm is Biglari Capital Corp.?
Biglari Capital Corp. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Biglari Capital Corp.’s clients?
By assets, its largest client types are pooled investment vehicles ($1.0 billion, 2 clients).
Does Biglari Capital Corp. manage private funds?
Yes. It reports 2 private funds with $1.0 billion in gross assets, including hedge funds.
Does Biglari Capital Corp. have any disciplinary history?
Biglari Capital Corp. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Biglari Capital Corp.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-28), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →