Dollars to doughnuts BlackRock owns that 75% of shares.
Per Grok, Black Rock is the third largest share holder
Top 10 Shareholders of Cracker Barrel Old Country Store, Inc. (CBRL)As of the latest available 13F filings (Q3 2025 data, reported in early November 2025), Cracker Barrel’s shares are predominantly held by institutional investors (approximately 85-90% ownership), with notable individual activist investors. Total shares outstanding: ~22.3 million. The top shareholders are listed below, ranked by number of shares held. Note: Holdings can fluctuate quarterly due to trades; these reflect the most recent SEC disclosures.Rank
Shareholder
Here are the top 10
Type
Shares Held
% of Outstanding
Value (approx., at $33/share)
1
Sardar Biglari (Biglari Capital Corp.)
Individual/Activist
3,510,000
15.75%
$115.8M
2
GMT Capital Corp.
Institutional
2,200,000
~9.9%
$72.6M
3
BlackRock, Inc.
Institutional
1,800,000
~8.1%
$59.4M
4
Vanguard Group, Inc.
Institutional
1,500,000
~6.7%
$49.5M
5
AllianceBernstein L.P.
Institutional
1,200,000
~5.4%
$39.6M
6
iShares Core S&P Small-Cap ETF (IJR)
ETF/Fund
900,000
~4.0%
$29.7M
7
Franklin Resources, Inc.
Institutional
800,000
~3.6%
$26.4M
8
American Century Companies, Inc.
Institutional
700,000
~3.1%
$23.1M
9
State Street Corp.
Institutional
600,000
~2.7%
$19.8M
10
Dimensional Fund Advisors LP
Institutional
500,000
~2.2%
$16.5M
I'd take that bet. The International Bankers are all team players. Vanguard, State Street and Franklin were, I'm sure, also along for the ride. I don't know enough about GMT Capital and AllianceBernstein to lump them in with my statement, but it wouldn't surprise me if they were also fellow travelers on the vote.

