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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 5,034 34,000 SH   DFND 1,3 34,000 0 0
ALLEGHANY CORP MD COM 017175100 937 1,500 SH   DFND 1,2 1,500 0 0
ALLEGHANY CORP MD COM 017175100 16,922 27,100 SH   DFND 1,3 27,100 0 0
BAUSCH HEALTH COS INC COM 071734107 11,001 395,000 SH   DFND 1,2 395,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 823 2 SH   DFND 1,2 2 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 49,365 120 SH   DFND 1,3 120 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,638 6,000 SH   DFND 1,2 6,000 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 21,044 25,663 SH   DFND 1 25,663 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 29,989 36,572 SH   DFND 1,2 36,572 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 68,279 83,267 SH   DFND 1,3 83,267 0 0
BIGLARI HLDGS INC COM STK CL B 08986R309 12,345 71,855 SH   DFND 1 0 0 71,855
BIGLARI HLDGS INC COM STK CL B 08986R309 62,835 365,726 SH   DFND 1,2 0 0 365,726
BIGLARI HLDGS INC COM STK CL B 08986R309 146,124 850,496 SH   DFND 1,3 0 0 850,496
CRACKER BARREL OLD CTRY STOR COM 22410J106 279,680 2,000,000 SH   DFND 1,3 2,000,000 0 0
ELECTRONIC ARTS INC COM 285512109 299 2,100 SH   DFND 1,2 2,100 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 704 73,477 SH   DFND 1,2 73,477 0 0
EXPEDITORS INTL WASH INC COM 302130109 18,465 155,000 SH   DFND 1,3 155,000 0 0
UNICO AMERN CORP COM 904607108 1,787 527,100 SH   DFND 1,2 527,100 0 0