The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BAUSCH HEALTH COS INC COM 071734107 2,722 395,000 SH   DFND 1,2 395,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 813 2 SH   DFND 1,2 2 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 15,835 25,663 SH   DFND 1 25,663 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 74,065 120,037 SH   DFND 1,2 120,037 0 0
BIGLARI HLDGS INC COM STK CL B 08986R309 8,306 71,855 SH   DFND 1 0 0 71,855
BIGLARI HLDGS INC COM STK CL B 08986R309 145,193 1,255,998 SH   DFND 1,2 0 0 1,255,998
CARMAX INC COM 143130102 1,849 28,000 SH   DFND 1,3 28,000 0 0
COCA COLA CO COM 191216100 1 20 SH   DFND 1,2 20 0 0
COCA COLA CO COM 191216100 6 100 SH   DFND 1,3 100 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106 185,160 2,000,000 SH   DFND 1,3 2,000,000 0 0
FERRARI N V COM N3167Y103 19 100 SH   DFND 1,2 100 0 0
FERRARI N V COM N3167Y103 10,767 58,200 SH   DFND 1,3 58,200 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 377 5,500 SH   DFND 1,2 5,500 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 9,473 138,172 SH   DFND 1,3 138,172 0 0
UNICO AMERN CORP COM 904607108 627 527,100 SH   DFND 1,2 527,100 0 0