| 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 | 5.81 | 5.09 | -0.72 | hold |
| BlackRock, Inc. | 2,396,419 | 2,293,712 | -102,707 | 0.00 | 0.00 | -0.00 | sell |
| DIMENSIONAL FUND ADVISORS LP | 2,145,694 | 2,086,442 | -59,252 | 0.01 | 0.01 | -0.00 | sell |
| LSV ASSET MANAGEMENT | 1,615,552 | 1,560,052 | -55,500 | 0.04 | 0.04 | +0.00 | sell |
| VANGUARD GROUP INC | 1,367,199 | 1,383,165 | +15,966 | 0.00 | 0.00 | -0.00 | buy |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 1,344,351 | 1,242,563 | -101,788 | 0.04 | 0.04 | -0.00 | sell |
| Divisadero Street Capital Management, LP | 206,785 | 1,231,087 | +1,024,302 | 0.24 | 0.91 | +0.66 | buy |
| Portolan Capital Management, LLC | 0 | 751,012 | +751,012 | 0.00 | 0.52 | +0.52 | buy |
| First Eagle Investment Management, LLC | 619,893 | 726,393 | +106,500 | 0.01 | 0.02 | +0.00 | buy |
| Tieton Capital Management, LLC | 515,140 | 629,990 | +114,850 | 2.43 | 2.71 | +0.28 | buy |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 576,050 | 618,990 | +42,940 | 0.02 | 0.02 | +0.00 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 595,058 | 615,280 | +20,222 | 0.00 | 0.00 | -0.00 | buy |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 619,753 | 601,458 | -18,295 | 0.01 | 0.00 | -0.00 | sell |
| STATE STREET CORP | 589,614 | 566,312 | -23,302 | 0.00 | 0.00 | -0.00 | sell |
| BIGLARI, SARDAR | 489,247 | 489,247 | 0 | 11.40 | 11.43 | +0.02 | hold |
| Nuveen, LLC | 545,473 | 467,842 | -77,631 | 0.00 | 0.00 | -0.00 | sell |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 346,819 | 365,249 | +18,430 | 0.09 | 0.10 | +0.01 | buy |
| RENAISSANCE TECHNOLOGIES LLC | 348,800 | 363,000 | +14,200 | 0.01 | 0.01 | -0.00 | buy |
| Rodgers Brothers Inc. | 249,550 | 336,180 | +86,630 | 0.34 | 0.47 | +0.12 | buy |
| Hillsdale Investment Management Inc. | 396,196 | 298,196 | -98,000 | 0.21 | 0.12 | -0.09 | sell |
| MORGAN STANLEY | 184,271 | 243,351 | +59,080 | 0.00 | 0.00 | +0.00 | buy |
| BANK OF AMERICA CORP /DE/ | 261,727 | 227,281 | -34,446 | 0.00 | 0.00 | -0.00 | sell |
| PRUDENTIAL FINANCIAL INC | 285,245 | 225,440 | -59,805 | 0.00 | 0.00 | -0.00 | sell |
| Empowered Funds, LLC | 188,519 | 206,949 | +18,430 | 0.03 | 0.03 | -0.00 | buy |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 196,108 | 199,495 | +3,387 | 0.00 | 0.00 | +0.00 | buy |
| AMERIPRISE FINANCIAL INC | 198,111 | 191,805 | -6,306 | 0.00 | 0.00 | -0.00 | sell |
| Fund 1 Investments, LLC | 766,705 | 189,444 | -577,261 | 0.76 | 0.30 | -0.46 | sell |
| AQR CAPITAL MANAGEMENT LLC | 287,143 | 188,175 | -98,968 | 0.00 | 0.00 | -0.00 | sell |
| NORTHERN TRUST CORP | 203,573 | 187,293 | -16,280 | 0.00 | 0.00 | -0.00 | sell |
| MILLENNIUM MANAGEMENT LLC | 680,391 | 179,931 | -500,460 | 0.01 | 0.00 | -0.01 | sell |
| D. E. Shaw & Co., Inc. | 200,753 | 158,796 | -41,957 | 0.00 | 0.00 | -0.00 | sell |
| UBS Group AG | 139,284 | 156,913 | +17,629 | 0.00 | 0.00 | +0.00 | buy |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 127,659 | 127,565 | -94 | 0.00 | 0.00 | -0.00 | sell |
| MONIMUS CAPITAL MANAGEMENT, LP | 0 | 123,978 | +123,978 | 0.00 | 1.10 | +1.10 | buy |
| Campbell & CO Investment Adviser LLC | 91,872 | 113,927 | +22,055 | 0.07 | 0.08 | +0.01 | buy |
| Squarepoint Ops LLC | 61,812 | 105,302 | +43,490 | 0.00 | 0.00 | +0.00 | buy |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 99,300 | 99,300 | 0 | 0.00 | 0.00 | -0.00 | hold |
| MACQUARIE GROUP LTD | 91,000 | 91,000 | 0 | 0.00 | 0.00 | +0.00 | hold |
| Bank of New York Mellon Corp | 88,441 | 89,893 | +1,452 | 0.00 | 0.00 | +0.00 | buy |
| Janney Montgomery Scott LLC | 83,656 | 86,556 | +2,900 | 0.00 | 0.00 | +0.00 | buy |
| BARCLAYS PLC | 61,408 | 80,101 | +18,693 | 0.00 | 0.00 | +0.00 | buy |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 47,396 | 78,852 | +31,456 | 0.00 | 0.00 | +0.00 | buy |
| AXA S.A. | 78,379 | 78,379 | 0 | 0.00 | 0.00 | -0.00 | hold |
| Invesco Ltd. | 89,416 | 78,269 | -11,147 | 0.00 | 0.00 | -0.00 | sell |
| FIRST TRUST ADVISORS LP | 74,300 | 77,612 | +3,312 | 0.00 | 0.00 | +0.00 | buy |
| STATE OF WISCONSIN INVESTMENT BOARD | 57,463 | 66,763 | +9,300 | 0.00 | 0.00 | +0.00 | buy |
| AlphaQuest LLC | 35,217 | 64,145 | +28,928 | 0.04 | 0.07 | +0.03 | buy |
| Connor, Clark & Lunn Investment Management Ltd. | 22,421 | 62,265 | +39,844 | 0.00 | 0.00 | +0.00 | buy |
| Carlson Capital, L.P. | 0 | 61,000 | +61,000 | 0.00 | 0.38 | +0.38 | buy |
| STIFEL FINANCIAL CORP | 60,655 | 60,405 | -250 | 0.00 | 0.00 | -0.00 | sell |
| GOLDMAN SACHS GROUP INC | 238,089 | 58,561 | -179,528 | 0.00 | 0.00 | -0.00 | sell |
| LAZARD ASSET MANAGEMENT LLC | 3,170 | 53,642 | +50,472 | 0.00 | 0.00 | +0.00 | buy |
| AMERICAN CENTURY COMPANIES INC | 50,314 | 50,748 | +434 | 0.00 | 0.00 | -0.00 | buy |
| Boston Partners | 0 | 50,051 | +50,051 | 0.00 | 0.00 | +0.00 | buy |
| GABELLI FUNDS LLC | 0 | 47,101 | +47,101 | 0.00 | 0.00 | +0.00 | buy |
| RHUMBLINE ADVISERS | 38,528 | 42,013 | +3,485 | 0.00 | 0.00 | +0.00 | buy |
| FULLER & THALER ASSET MANAGEMENT, INC. | 47,474 | 38,794 | -8,680 | 0.00 | 0.00 | -0.00 | sell |
| Verition Fund Management LLC | 40,520 | 37,520 | -3,000 | 0.00 | 0.00 | -0.00 | sell |
| PANAGORA ASSET MANAGEMENT INC | 33,532 | 33,278 | -254 | 0.00 | 0.00 | -0.00 | sell |
| ROYAL BANK OF CANADA | 29,373 | 33,123 | +3,750 | 0.00 | 0.00 | +0.00 | buy |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0 | 30,337 | +30,337 | 0.00 | 0.00 | +0.00 | buy |
| WELLS FARGO & COMPANY/MN | 22,066 | 29,167 | +7,101 | 0.00 | 0.00 | +0.00 | buy |
| Russell Investments Group, Ltd. | 62,943 | 28,911 | -34,032 | 0.00 | 0.00 | -0.00 | sell |
| ALLIANCEBERNSTEIN L.P. | 27,430 | 27,430 | 0 | 0.00 | 0.00 | -0.00 | hold |
| DEUTSCHE BANK AG\ | 121,433 | 27,012 | -94,421 | 0.00 | 0.00 | -0.00 | sell |
| HSBC HOLDINGS PLC | 22,734 | 24,356 | +1,622 | 0.00 | 0.00 | +0.00 | buy |
| TWO SIGMA INVESTMENTS, LP | 113,380 | 24,108 | -89,272 | 0.00 | 0.00 | -0.00 | sell |
| Graham Capital Management, L.P. | 30,071 | 22,869 | -7,202 | 0.01 | 0.01 | -0.00 | sell |
| BAILARD, INC. | 0 | 22,700 | +22,700 | 0.00 | 0.01 | +0.01 | buy |
| TWO SIGMA ADVISERS, LP | 22,200 | 22,500 | +300 | 0.00 | 0.00 | -0.00 | buy |
| Creative Planning | 0 | 21,792 | +21,792 | 0.00 | 0.00 | +0.00 | buy |
| PRINCIPAL FINANCIAL GROUP INC | 0 | 18,871 | +18,871 | 0.00 | 0.00 | +0.00 | buy |
| ExodusPoint Capital Management, LP | 0 | 18,496 | +18,496 | 0.00 | 0.00 | +0.00 | buy |
| LEVEL FOUR ADVISORY SERVICES, LLC | 21,275 | 18,484 | -2,791 | 0.01 | 0.01 | -0.00 | sell |
| SEI INVESTMENTS CO | 14,313 | 18,313 | +4,000 | 0.00 | 0.00 | +0.00 | buy |
| Assenagon Asset Management S.A. | 126,080 | 18,001 | -108,079 | 0.00 | 0.00 | -0.00 | sell |
| State of Wyoming | 9,811 | 17,111 | +7,300 | 0.01 | 0.02 | +0.01 | buy |
| INTECH INVESTMENT MANAGEMENT LLC | 12,135 | 16,280 | +4,145 | 0.00 | 0.00 | +0.00 | buy |
| MetLife Investment Management, LLC | 15,248 | 15,248 | 0 | 0.00 | 0.00 | +0.00 | hold |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 15,195 | 14,861 | -334 | 0.00 | 0.00 | -0.00 | sell |
| AdvisorShares Investments LLC | 46,345 | 14,739 | -31,606 | 0.09 | 0.03 | -0.07 | sell |
| PRICE T ROWE ASSOCIATES INC /MD/ | 11,101 | 12,690 | +1,589 | 0.00 | 0.00 | +0.00 | buy |
| JPMORGAN CHASE & CO | 372,741 | 12,510 | -360,231 | 0.00 | 0.00 | -0.00 | sell |
| EntryPoint Capital, LLC | 0 | 12,453 | +12,453 | 0.00 | 0.07 | +0.07 | buy |
| Ballentine Partners, LLC | 0 | 11,542 | +11,542 | 0.00 | 0.00 | +0.00 | buy |
| SIMPLEX TRADING, LLC | 1,093 | 11,011 | +9,918 | 0.00 | 0.00 | +0.00 | buy |
| CITIGROUP INC | 19,426 | 10,518 | -8,908 | 0.00 | 0.00 | -0.00 | sell |
| Focus Partners Wealth | 10,033 | 10,154 | +121 | 0.00 | 0.00 | -0.00 | buy |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 0 | 10,027 | +10,027 | 0.00 | 0.00 | +0.00 | buy |
| Blue Trust, Inc. | 8,241 | 8,241 | 0 | 0.00 | 0.00 | -0.00 | hold |
| NEW YORK STATE COMMON RETIREMENT FUND | 6,535 | 6,535 | 0 | 0.00 | 0.00 | -0.00 | hold |
| EMC Capital Management | 0 | 6,516 | +6,516 | 0.00 | 0.04 | +0.04 | buy |
| Police & Firemen's Retirement System of New Jersey | 6,237 | 6,237 | 0 | 0.00 | 0.00 | -0.00 | hold |
| OSAIC HOLDINGS, INC. | 5,837 | 5,839 | +2 | 0.00 | 0.00 | -0.00 | buy |
| FEDERATED HERMES, INC. | 4,479 | 4,479 | 0 | 0.00 | 0.00 | -0.00 | hold |
| CWM, LLC | 3,221 | 4,229 | +1,008 | 0.00 | 0.00 | +0.00 | buy |
| Tower Research Capital LLC (TRC) | 2,088 | 3,862 | +1,774 | 0.00 | 0.00 | +0.00 | buy |
| Ameritas Investment Partners, Inc. | 2,823 | 2,823 | 0 | 0.00 | 0.00 | -0.00 | hold |
| BNP PARIBAS FINANCIAL MARKETS | 55,933 | 2,784 | -53,149 | 0.00 | 0.00 | -0.00 | sell |
| Legal & General Group Plc | 2,433 | 2,433 | 0 | 0.00 | 0.00 | -0.00 | hold |