| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| BIGLARI CAPITAL CORP. | 4,000,000 | 4,000,000 | 0 | 4.49 | 5.97 | +1.48 | hold |
| BlackRock, Inc. | 2,200,016 | 2,284,225 | +84,209 | 0.00 | 0.00 | +0.00 | buy |
| DIMENSIONAL FUND ADVISORS LP | 2,001,301 | 2,013,373 | +12,072 | 0.00 | 0.01 | +0.00 | buy |
| LSV ASSET MANAGEMENT | 1,456,852 | 1,456,852 | 0 | 0.03 | 0.04 | +0.01 | hold |
| GOLDMAN SACHS GROUP INC | 1,037,293 | 1,091,119 | +53,826 | 0.00 | 0.00 | +0.00 | buy |
| Tieton Capital Management, LLC | 852,584 | 1,057,482 | +204,898 | 3.05 | 4.91 | +1.86 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 653,977 | 667,716 | +13,739 | 0.00 | 0.00 | +0.00 | buy |
| TWO SIGMA INVESTMENTS, LP | 204,537 | 642,108 | +437,571 | 0.00 | 0.01 | +0.00 | buy |
| SEI INVESTMENTS CO | 209,148 | 635,468 | +426,320 | 0.00 | 0.01 | +0.01 | buy |
| STATE STREET CORP | 574,406 | 606,308 | +31,902 | 0.00 | 0.00 | +0.00 | buy |
| Hillsdale Investment Management Inc. | 571,296 | 583,796 | +12,500 | 0.16 | 0.22 | +0.06 | buy |
| First Eagle Investment Management, LLC | 547,793 | 575,293 | +27,500 | 0.01 | 0.01 | +0.00 | buy |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 596,444 | 555,084 | -41,360 | 0.00 | 0.00 | +0.00 | sell |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 652,433 | 525,463 | -126,970 | 0.02 | 0.02 | +0.00 | sell |
| MARSHALL WACE, LLP | 0 | 525,188 | +525,188 | 0.00 | 0.01 | +0.01 | buy |
| PRUDENTIAL FINANCIAL INC | 432,054 | 518,896 | +86,842 | 0.01 | 0.01 | +0.00 | buy |
| BIGLARI, SARDAR | 489,247 | 489,247 | 0 | 10.59 | 13.32 | +2.74 | hold |
| MONIMUS CAPITAL MANAGEMENT, LP | 202,081 | 438,269 | +236,188 | 1.39 | 1.68 | +0.29 | buy |
| Divisadero Street Capital Management, LP | 692,665 | 432,295 | -260,370 | 0.41 | 0.28 | -0.13 | sell |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 372,203 | 424,245 | +52,042 | 0.08 | 0.12 | +0.04 | buy |
| Fund 1 Investments, LLC | 745,140 | 407,341 | -337,799 | 1.13 | 0.73 | -0.39 | sell |
| Rodgers Brothers Inc. | 357,075 | 361,550 | +4,475 | 0.45 | 0.58 | +0.13 | buy |
| RENAISSANCE TECHNOLOGIES LLC | 314,600 | 306,200 | -8,400 | 0.01 | 0.01 | +0.00 | sell |
| JANE STREET GROUP, LLC | 158,908 | 285,948 | +127,040 | 0.00 | 0.00 | +0.00 | buy |
| Empowered Funds, LLC | 213,903 | 247,098 | +33,195 | 0.02 | 0.02 | +0.00 | buy |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 217,571 | 217,011 | -560 | 0.00 | 0.00 | +0.00 | sell |
| D. E. Shaw & Co., Inc. | 151,079 | 206,841 | +55,762 | 0.00 | 0.00 | +0.00 | buy |
| NORTHERN TRUST CORP | 192,960 | 203,659 | +10,699 | 0.00 | 0.00 | +0.00 | buy |
| BANK OF AMERICA CORP /DE/ | 231,018 | 189,123 | -41,895 | 0.00 | 0.00 | +0.00 | sell |
| MORGAN STANLEY | 204,177 | 182,705 | -21,472 | 0.00 | 0.00 | +0.00 | sell |
| AQR CAPITAL MANAGEMENT LLC | 154,589 | 166,300 | +11,711 | 0.00 | 0.00 | +0.00 | buy |
| Assenagon Asset Management S.A. | 20,416 | 152,767 | +132,351 | 0.00 | 0.00 | +0.00 | buy |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 99,300 | 120,100 | +20,800 | 0.00 | 0.00 | +0.00 | buy |
| Creative Planning | 73,321 | 114,509 | +41,188 | 0.00 | 0.00 | +0.00 | buy |
| Archon Capital Management LLC | 179,502 | 114,502 | -65,000 | 1.07 | 0.90 | -0.17 | sell |
| LAZARD ASSET MANAGEMENT LLC | 109,772 | 110,667 | +895 | 0.00 | 0.00 | +0.00 | buy |
| Bank of New York Mellon Corp | 98,730 | 95,661 | -3,069 | 0.00 | 0.00 | +0.00 | sell |
| BALYASNY ASSET MANAGEMENT L.P. | 0 | 85,841 | +85,841 | 0.00 | 0.00 | +0.00 | buy |
| CITADEL ADVISORS LLC | 0 | 85,734 | +85,734 | 0.00 | 0.00 | +0.00 | buy |
| Informed Momentum Co LLC | 0 | 83,469 | +83,469 | 0.00 | 0.13 | +0.13 | buy |
| BNP Paribas Asset Management Holding S.A. | 74,179 | 74,179 | 0 | 0.00 | 0.00 | +0.00 | hold |
| Point72 Asset Management, L.P. | 0 | 73,591 | +73,591 | 0.00 | 0.00 | +0.00 | buy |
| Janney Montgomery Scott LLC | 71,147 | 70,059 | -1,088 | 0.00 | 0.00 | +0.00 | sell |
| SummerHaven Investment Management, LLC | 76,365 | 69,741 | -6,624 | 0.45 | 0.59 | +0.14 | sell |
| Campbell & CO Investment Adviser LLC | 96,258 | 64,600 | -31,658 | 0.05 | 0.05 | +0.00 | sell |
| Boston Partners | 56,226 | 58,691 | +2,465 | 0.00 | 0.00 | +0.00 | buy |
| Quantinno Capital Management LP | 33,586 | 58,509 | +24,923 | 0.00 | 0.00 | +0.00 | buy |
| Invesco Ltd. | 53,952 | 53,419 | -533 | 0.00 | 0.00 | +0.00 | sell |
| UBS Group AG | 77,105 | 52,155 | -24,950 | 0.00 | 0.00 | -0.00 | sell |
| AMERICAN CENTURY COMPANIES INC | 57,252 | 48,348 | -8,904 | 0.00 | 0.00 | +0.00 | sell |
| GABELLI FUNDS LLC | 47,101 | 47,101 | 0 | 0.00 | 0.00 | +0.00 | hold |
| Nuveen, LLC | 417,949 | 46,375 | -371,574 | 0.00 | 0.00 | -0.00 | sell |
| Dynamic Technology Lab Private Ltd | 0 | 46,160 | +46,160 | 0.00 | 0.10 | +0.10 | buy |
| AMERIPRISE FINANCIAL INC | 102,124 | 46,115 | -56,009 | 0.00 | 0.00 | -0.00 | sell |
| BARCLAYS PLC | 79,170 | 40,754 | -38,416 | 0.00 | 0.00 | -0.00 | sell |
| FULLER & THALER ASSET MANAGEMENT, INC. | 38,794 | 38,894 | +100 | 0.00 | 0.00 | +0.00 | buy |
| DEUTSCHE BANK AG\ | 18,813 | 38,654 | +19,841 | 0.00 | 0.00 | +0.00 | buy |
| STATE OF WISCONSIN INVESTMENT BOARD | 35,463 | 38,063 | +2,600 | 0.00 | 0.00 | +0.00 | buy |
| RHUMBLINE ADVISERS | 35,141 | 35,378 | +237 | 0.00 | 0.00 | +0.00 | buy |
| Trexquant Investment LP | 118,436 | 34,653 | -83,783 | 0.01 | 0.00 | -0.01 | sell |
| STIFEL FINANCIAL CORP | 56,650 | 33,550 | -23,100 | 0.00 | 0.00 | -0.00 | sell |
| MILLENNIUM MANAGEMENT LLC | 0 | 32,252 | +32,252 | 0.00 | 0.00 | +0.00 | buy |
| FEDERATED HERMES, INC. | 27,525 | 27,525 | 0 | 0.00 | 0.00 | +0.00 | hold |
| ALLIANCEBERNSTEIN L.P. | 27,430 | 27,430 | 0 | 0.00 | 0.00 | +0.00 | hold |
| HSBC HOLDINGS PLC | 19,935 | 27,405 | +7,470 | 0.00 | 0.00 | +0.00 | buy |
| Engineers Gate Manager LP | 0 | 27,076 | +27,076 | 0.00 | 0.00 | +0.00 | buy |
| Scientech Research LLC | 0 | 22,979 | +22,979 | 0.00 | 0.27 | +0.27 | buy |
| ALGERT GLOBAL LLC | 0 | 20,800 | +20,800 | 0.00 | 0.00 | +0.00 | buy |
| PRICE T ROWE ASSOCIATES INC /MD/ | 14,019 | 19,583 | +5,564 | 0.00 | 0.00 | +0.00 | buy |
| WELLS FARGO & COMPANY/MN | 45,298 | 18,917 | -26,381 | 0.00 | 0.00 | -0.00 | sell |
| Schonfeld Strategic Advisors LLC | 0 | 18,444 | +18,444 | 0.00 | 0.00 | +0.00 | buy |
| FRANKLIN RESOURCES INC | 17,171 | 17,740 | +569 | 0.00 | 0.00 | +0.00 | buy |
| CANADA PENSION PLAN INVESTMENT BOARD | 16,600 | 16,600 | 0 | 0.00 | 0.00 | +0.00 | hold |
| BAILARD, INC. | 20,105 | 16,000 | -4,105 | 0.00 | 0.01 | +0.00 | sell |
| Brevan Howard Capital Management LP | 0 | 15,530 | +15,530 | 0.00 | 0.00 | +0.00 | buy |
| MetLife Investment Management, LLC | 15,694 | 15,295 | -399 | 0.00 | 0.00 | +0.00 | sell |
| OCCUDO QUANTITATIVE STRATEGIES LP | 0 | 13,522 | +13,522 | 0.00 | 0.01 | +0.01 | buy |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 13,035 | 13,341 | +306 | 0.00 | 0.00 | +0.00 | buy |
| POLEN CAPITAL MANAGEMENT LLC | 0 | 13,132 | +13,132 | 0.00 | 0.00 | +0.00 | buy |
| Semanteon Capital Management, LP | 0 | 12,253 | +12,253 | 0.00 | 2.28 | +2.28 | buy |
| LEVEL FOUR ADVISORY SERVICES, LLC | 13,624 | 11,972 | -1,652 | 0.00 | 0.01 | +0.00 | sell |
| Squarepoint Ops LLC | 34,431 | 11,814 | -22,617 | 0.00 | 0.00 | -0.00 | sell |
| JPMORGAN CHASE & CO | 12,551 | 11,734 | -817 | 0.00 | 0.00 | +0.00 | sell |
| MERCER GLOBAL ADVISORS INC /ADV | 0 | 11,136 | +11,136 | 0.00 | 0.00 | +0.00 | buy |
| EVERGREEN CAPITAL MANAGEMENT LLC | 10,298 | 11,011 | +713 | 0.00 | 0.00 | +0.00 | buy |
| PRELUDE CAPITAL MANAGEMENT, LLC | 0 | 10,900 | +10,900 | 0.00 | 0.01 | +0.01 | buy |
| Quinn Opportunity Partners LLC | 10,000 | 10,000 | 0 | 0.00 | 0.01 | +0.00 | hold |
| SG Americas Securities, LLC | 12,212 | 7,487 | -4,725 | 0.00 | 0.00 | -0.00 | sell |
| Walleye Capital LLC | 0 | 7,410 | +7,410 | 0.00 | 0.00 | +0.00 | buy |
| Blue Trust, Inc. | 6,984 | 6,565 | -419 | 0.00 | 0.00 | +0.00 | sell |
| NEW YORK STATE COMMON RETIREMENT FUND | 6,535 | 6,535 | 0 | 0.00 | 0.00 | +0.00 | hold |
| OSAIC HOLDINGS, INC. | 0 | 6,407 | +6,407 | 0.00 | 0.00 | +0.00 | buy |
| State of Wyoming | 0 | 6,328 | +6,328 | 0.00 | 0.01 | +0.01 | buy |
| Police & Firemen's Retirement System of New Jersey | 6,237 | 6,237 | 0 | 0.00 | 0.00 | +0.00 | hold |
| BNP PARIBAS FINANCIAL MARKETS | 6,419 | 6,098 | -321 | 0.00 | 0.00 | +0.00 | sell |
| CWM, LLC | 4,815 | 5,317 | +502 | 0.00 | 0.00 | +0.00 | buy |
| CITIGROUP INC | 3,321 | 3,779 | +458 | 0.00 | 0.00 | +0.00 | buy |
| Russell Investments Group, Ltd. | 3,316 | 3,129 | -187 | 0.00 | 0.00 | +0.00 | sell |
| Ameritas Investment Partners, Inc. | 2,823 | 2,823 | 0 | 0.00 | 0.00 | +0.00 | hold |
| Tower Research Capital LLC (TRC) | 1,743 | 2,512 | +769 | 0.00 | 0.00 | +0.00 | buy |