Who owns LOCO (LOCO)
Which tracked institutional funds hold LOCO, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See LOCO company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on LOCO is one-sided between 2025-Q4 and 2026-Q1: 46 added or opened and 15 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
LOCO’s largest tracked holder by dollar value, BIGLARI CAPITAL CORP., sizes it at 6.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 6.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in LOCO divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 142 tracked filers holding LOCO, 76 increased or opened the position and 74 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in LOCO between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 11
- VANGUARD CAPITAL MANAGEMENT LLC$15M
- MARSHALL WACE, LLP$7M
- VANGUARD PORTFOLIO MANAGEMENT LLC$3M
- VANGUARD FIDUCIARY TRUST CO$2M
- BALYASNY ASSET MANAGEMENT L.P.$1M
- CITADEL ADVISORS LLC$1M
Full exits 8
- VANGUARD GROUP INC$15M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$4M
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC$3M
- Corient Private Wealth LLC$945K
- TWO SIGMA ADVISERS, LP$902K
- Prosperity Wealth Management, Inc.$656K
Largest adds
- BIGLARI CAPITAL CORP.$14M
- BlackRock, Inc.$9M
- DIMENSIONAL FUND ADVISORS LP$7M
- TWO SIGMA INVESTMENTS, LP$7M
- SEI INVESTMENTS CO$7M
- Tieton Capital Management, LLC$6M
Largest trims
- Nuveen, LLC$4M
- Fund 1 Investments, LLC$2M
- Divisadero Street Capital Management, LP$1M
- Trexquant Investment LP$759K
- AMERIPRISE FINANCIAL INC$429K
- Archon Capital Management LLC$291K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BIGLARI CAPITAL CORP. | 4,000,000 | $55M | 13.6% | 2026-Q1 |
| BlackRock, Inc. added | 2,284,225 | $32M | 7.8% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 2,013,373 | $28M | 6.8% | 2026-Q1 |
| LSV ASSET MANAGEMENT | 1,456,852 | $20M | 5.0% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 1,091,119 | $15M | 3.7% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 1,090,194 | $15M | 3.7% | 2026-Q1 |
| Tieton Capital Management, LLC added | 1,057,482 | $15M | 3.6% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 667,716 | $9M | 2.3% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 642,108 | $9M | 2.2% | 2026-Q1 |
| SEI INVESTMENTS CO added | 635,468 | $9M | 2.2% | 2026-Q1 |
| STATE STREET CORP added | 606,308 | $8M | 2.1% | 2026-Q1 |
| Hillsdale Investment Management Inc. added | 583,796 | $8M | 2.0% | 2026-Q1 |
| First Eagle Investment Management, LLC added | 575,293 | $8M | 2.0% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 555,084 | $8M | 1.9% | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC trimmed | 525,463 | $7M | 1.8% | 2026-Q1 |
| MARSHALL WACE, LLP added | 525,188 | $7M | 1.8% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 518,896 | $7M | 1.8% | 2026-Q1 |
| BIGLARI, SARDAR | 489,247 | $7M | 1.7% | 2026-Q1 |
| MONIMUS CAPITAL MANAGEMENT, LP added | 438,269 | $6M | 1.5% | 2026-Q1 |
| Divisadero Street Capital Management, LP trimmed | 432,295 | $6M | 1.5% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 424,245 | $6M | 1.4% | 2026-Q1 |
| Fund 1 Investments, LLC trimmed | 407,341 | $6M | 1.4% | 2026-Q1 |
| Rodgers Brothers Inc. added | 361,550 | $5M | 1.2% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 306,200 | $4M | 1.0% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 285,948 | $4M | 1.0% | 2026-Q1 |
| Empowered Funds, LLC added | 247,098 | $3M | 0.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 217,011 | $3M | 0.7% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 205,463 | $3M | 0.7% | 2026-Q1 |
| NORTHERN TRUST CORP added | 203,659 | $3M | 0.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 189,123 | $3M | 0.6% | 2026-Q1 |
| MORGAN STANLEY trimmed | 182,705 | $3M | 0.6% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 180,056 | $2M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 165,534 | $2M | 0.6% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 164,453 | $2M | 0.6% | 2026-Q1 |
| Assenagon Asset Management S.A. added | 152,767 | $2M | 0.5% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 120,100 | $2M | 0.4% | 2026-Q1 |
| Creative Planning added | 114,509 | $2M | 0.4% | 2026-Q1 |
| Archon Capital Management LLC trimmed | 114,502 | $2M | 0.4% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC added | 110,667 | $2M | 0.4% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 95,661 | $1M | 0.3% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 85,841 | $1M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 85,734 | $1M | 0.3% | 2026-Q1 |
| Informed Momentum Co LLC added | 83,469 | $1M | 0.3% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 74,179 | $1M | 0.3% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 73,591 | $1M | 0.3% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 70,059 | $971K | 0.2% | 2026-Q1 |
| SummerHaven Investment Management, LLC trimmed | 69,741 | $967K | 0.2% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 69,400 | $962K | 0.2% | 2026-Q1 |
| Campbell & CO Investment Adviser LLC trimmed | 64,600 | $895K | 0.2% | 2026-Q1 |
| Boston Partners added | 58,691 | $813K | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 58,509 | $811K | 0.2% | 2026-Q1 |
| Sanctuary Advisors, LLC new | 56,924 | $789K | 0.2% | 2026-Q1 |
| Invesco Ltd. trimmed | 53,419 | $740K | 0.2% | 2026-Q1 |
| UBS Group AG trimmed | 52,155 | $723K | 0.2% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 48,348 | $670K | 0.2% | 2026-Q1 |
| GABELLI FUNDS LLC | 47,101 | $653K | 0.2% | 2026-Q1 |
| Nuveen, LLC trimmed | 46,375 | $643K | 0.2% | 2026-Q1 |
| Dynamic Technology Lab Private Ltd added | 46,160 | $640K | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 46,115 | $639K | 0.2% | 2026-Q1 |
| BARCLAYS PLC trimmed | 40,754 | $565K | 0.1% | 2026-Q1 |
| FULLER & THALER ASSET MANAGEMENT, INC. added | 38,894 | $539K | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 38,654 | $536K | 0.1% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 38,063 | $528K | 0.1% | 2026-Q1 |
| Lotus Technology Management, LP new | 37,735 | $523K | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 35,378 | $490K | 0.1% | 2026-Q1 |
| Trexquant Investment LP trimmed | 34,653 | $480K | 0.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 33,550 | $465K | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 32,252 | $447K | 0.1% | 2026-Q1 |
| Watershed Asset Management, L.L.C. trimmed | 29,441 | $408K | 0.1% | 2026-Q1 |
| FEDERATED HERMES, INC. | 27,525 | $381K | 0.1% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 27,405 | $379K | 0.1% | 2026-Q1 |
| Engineers Gate Manager LP trimmed | 27,076 | $375K | 0.1% | 2026-Q1 |
| Scientech Research LLC new | 22,979 | $318K | 0.1% | 2026-Q1 |
| ALGERT GLOBAL LLC added | 20,800 | $288K | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. | 27,430 | $287K | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 1,455,344 | $15M | 3.7% | 2025-Q4 stale |
| Portolan Capital Management, LLC new | 751,012 | $8M | 2.0% | 2025-Q2 stale |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 115,037 | $4M | 1.1% | 2025-Q4 stale |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC trimmed | 329,208 | $3M | 0.8% | 2025-Q4 stale |
| Western Standard LLC new | 125,000 | $1M | 0.3% | 2025-Q1 stale |
| Qube Research & Technologies Ltd added | 99,199 | $1M | 0.3% | 2025-Q1 stale |
| Alberta Investment Management Corp | 99,000 | $1M | 0.2% | 2025-Q1 stale |
| Corient Private Wealth LLC new | 90,318 | $945K | 0.2% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP added | 86,200 | $902K | 0.2% | 2025-Q4 stale |
| MACQUARIE GROUP LTD | 91,000 | $883K | 0.2% | 2025-Q3 stale |
| AXA S.A. | 78,379 | $863K | 0.2% | 2025-Q2 stale |
| FIRST TRUST ADVISORS LP added | 77,612 | $855K | 0.2% | 2025-Q2 stale |
| AXA Investment Managers S.A. new | 74,179 | $720K | 0.2% | 2025-Q3 stale |
| Cubist Systematic Strategies, LLC added | 65,189 | $671K | 0.2% | 2025-Q1 stale |
| Prosperity Wealth Management, Inc. added | 62,700 | $656K | 0.2% | 2025-Q4 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 62,922 | $610K | 0.1% | 2025-Q3 stale |
| ExodusPoint Capital Management, LP added | 55,775 | $583K | 0.1% | 2025-Q4 stale |
| AlphaQuest LLC added | 53,766 | $562K | 0.1% | 2025-Q4 stale |
| Keeley-Teton Advisors, LLC added | 49,800 | $513K | 0.1% | 2025-Q1 stale |
| AdvisorShares Investments LLC trimmed | 47,365 | $495K | 0.1% | 2025-Q4 stale |
| Carlson Capital, L.P. trimmed | 40,000 | $418K | 0.1% | 2025-Q4 stale |
| Verition Fund Management LLC trimmed | 37,420 | $391K | 0.1% | 2025-Q4 stale |
| PANAGORA ASSET MANAGEMENT INC added | 35,492 | $371K | 0.1% | 2025-Q4 stale |
| Magnetar Financial LLC added | 33,797 | $348K | 0.1% | 2025-Q1 stale |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 28,359 | $297K | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.