| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| BIGLARI CAPITAL CORP. | 4,000,000 | 3,777,400 | -222,600 | 5.97 | 5.36 | -0.60 | sell |
| BlackRock, Inc. | 2,284,225 | 2,459,692 | +175,467 | 0.00 | 0.00 | +0.00 | buy |
| DIMENSIONAL FUND ADVISORS LP | 2,013,373 | 2,049,479 | +36,106 | 0.01 | 0.01 | +0.00 | buy |
| LSV ASSET MANAGEMENT | 1,456,852 | 1,471,545 | +14,693 | 0.04 | 0.05 | +0.00 | buy |
| GOLDMAN SACHS GROUP INC | 1,091,119 | 1,256,043 | +164,924 | 0.00 | 0.00 | +0.00 | buy |
| Tieton Capital Management, LLC | 1,057,482 | 1,033,917 | -23,565 | 4.91 | 5.04 | +0.13 | sell |
| First Eagle Investment Management, LLC | 575,293 | 995,799 | +420,506 | 0.01 | 0.03 | +0.01 | buy |
| TWO SIGMA INVESTMENTS, LP | 642,108 | 906,685 | +264,577 | 0.01 | 0.01 | +0.00 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 667,716 | 887,623 | +219,907 | 0.00 | 0.00 | +0.00 | buy |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 555,084 | 729,890 | +174,806 | 0.00 | 0.01 | +0.00 | buy |
| Hillsdale Investment Management Inc. | 583,796 | 656,096 | +72,300 | 0.22 | 0.25 | +0.03 | buy |
| STATE STREET CORP | 606,308 | 628,223 | +21,915 | 0.00 | 0.00 | +0.00 | buy |
| BIGLARI, SARDAR | 489,247 | 489,247 | 0 | 13.32 | 13.33 | +0.01 | hold |
| MONIMUS CAPITAL MANAGEMENT, LP | 438,269 | 455,982 | +17,713 | 1.68 | 1.96 | +0.28 | buy |
| PRUDENTIAL FINANCIAL INC | 518,896 | 449,926 | -68,970 | 0.01 | 0.01 | -0.00 | sell |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 424,245 | 428,716 | +4,471 | 0.12 | 0.13 | +0.01 | buy |
| Archon Capital Management LLC | 114,502 | 420,690 | +306,188 | 0.90 | 2.90 | +2.00 | buy |
| RENAISSANCE TECHNOLOGIES LLC | 306,200 | 418,400 | +112,200 | 0.01 | 0.01 | +0.00 | buy |
| Divisadero Street Capital Management, LP | 432,295 | 409,925 | -22,370 | 0.28 | 0.16 | -0.12 | sell |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 525,463 | 371,373 | -154,090 | 0.02 | 0.02 | -0.00 | sell |
| Rodgers Brothers Inc. | 361,550 | 352,300 | -9,250 | 0.58 | 0.58 | +0.00 | sell |
| UBS Group AG | 52,155 | 336,592 | +284,437 | 0.00 | 0.00 | +0.00 | buy |
| MORGAN STANLEY | 182,705 | 316,183 | +133,478 | 0.00 | 0.00 | +0.00 | buy |
| Assenagon Asset Management S.A. | 152,767 | 301,505 | +148,738 | 0.00 | 0.01 | +0.00 | buy |
| SEI INVESTMENTS CO | 635,468 | 296,440 | -339,028 | 0.01 | 0.00 | -0.00 | sell |
| Qube Research & Technologies Ltd | 0 | 295,789 | +295,789 | 0.00 | 0.01 | +0.01 | buy |
| D. E. Shaw & Co., Inc. | 206,841 | 287,556 | +80,715 | 0.00 | 0.00 | +0.00 | buy |
| Empowered Funds, LLC | 247,098 | 246,867 | -231 | 0.02 | 0.02 | +0.00 | sell |
| Sixth Street Partners Management Company, L.P. | 0 | 223,097 | +223,097 | 0.00 | 0.00 | +0.00 | buy |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 217,011 | 223,097 | +6,086 | 0.00 | 0.00 | +0.00 | buy |
| NORTHERN TRUST CORP | 203,659 | 222,005 | +18,346 | 0.00 | 0.00 | +0.00 | buy |
| Trexquant Investment LP | 34,653 | 218,709 | +184,056 | 0.00 | 0.02 | +0.02 | buy |
| BANK OF AMERICA CORP /DE/ | 189,123 | 150,358 | -38,765 | 0.00 | 0.00 | -0.00 | sell |
| CITADEL ADVISORS LLC | 85,734 | 146,788 | +61,054 | 0.00 | 0.00 | +0.00 | buy |
| AQR CAPITAL MANAGEMENT LLC | 166,300 | 143,683 | -22,617 | 0.00 | 0.00 | -0.00 | sell |
| Creative Planning | 114,509 | 138,480 | +23,971 | 0.00 | 0.00 | +0.00 | buy |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 120,100 | 132,345 | +12,245 | 0.00 | 0.00 | +0.00 | buy |
| LAZARD ASSET MANAGEMENT LLC | 110,667 | 114,905 | +4,238 | 0.00 | 0.00 | +0.00 | buy |
| MARSHALL WACE, LLP | 525,188 | 113,266 | -411,922 | 0.01 | 0.00 | -0.01 | sell |
| Bank of New York Mellon Corp | 95,661 | 108,527 | +12,866 | 0.00 | 0.00 | +0.00 | buy |
| NORGES BANK | 0 | 106,200 | +106,200 | 0.00 | 0.00 | +0.00 | buy |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0 | 94,617 | +94,617 | 0.00 | 0.00 | +0.00 | buy |
| Quantinno Capital Management LP | 58,509 | 85,343 | +26,834 | 0.00 | 0.00 | +0.00 | buy |
| Informed Momentum Co LLC | 83,469 | 80,170 | -3,299 | 0.13 | 0.12 | -0.01 | sell |
| Aristides Capital LLC | 0 | 79,833 | +79,833 | 0.00 | 0.35 | +0.35 | buy |
| MILLENNIUM MANAGEMENT LLC | 32,252 | 76,869 | +44,617 | 0.00 | 0.00 | +0.00 | buy |
| TUDOR INVESTMENT CORP ET AL | 0 | 73,215 | +73,215 | 0.00 | 0.01 | +0.01 | buy |
| Boston Partners | 58,691 | 72,405 | +13,714 | 0.00 | 0.00 | +0.00 | buy |
| SummerHaven Investment Management, LLC | 69,741 | 69,741 | 0 | 0.59 | 0.63 | +0.04 | hold |
| Janney Montgomery Scott LLC | 70,059 | 68,258 | -1,801 | 0.00 | 0.00 | -0.00 | sell |
| Point72 Asset Management, L.P. | 73,591 | 65,345 | -8,246 | 0.00 | 0.00 | -0.00 | sell |
| Campbell & CO Investment Adviser LLC | 64,600 | 62,733 | -1,867 | 0.05 | 0.06 | +0.00 | sell |
| DEUTSCHE BANK AG\ | 38,654 | 61,299 | +22,645 | 0.00 | 0.00 | +0.00 | buy |
| Invesco Ltd. | 53,419 | 55,912 | +2,493 | 0.00 | 0.00 | -0.00 | buy |
| GABELLI FUNDS LLC | 47,101 | 55,000 | +7,899 | 0.00 | 0.01 | +0.00 | buy |
| Grantham, Mayo, Van Otterloo & Co. LLC | 0 | 53,362 | +53,362 | 0.00 | 0.00 | +0.00 | buy |
| Nuveen, LLC | 46,375 | 51,890 | +5,515 | 0.00 | 0.00 | +0.00 | buy |
| AMERICAN CENTURY COMPANIES INC | 48,348 | 51,224 | +2,876 | 0.00 | 0.00 | +0.00 | buy |
| POLEN CAPITAL MANAGEMENT LLC | 13,132 | 46,419 | +33,287 | 0.00 | 0.01 | +0.01 | buy |
| BARCLAYS PLC | 40,754 | 40,225 | -529 | 0.00 | 0.00 | +0.00 | sell |
| FULLER & THALER ASSET MANAGEMENT, INC. | 38,894 | 38,594 | -300 | 0.00 | 0.00 | -0.00 | sell |
| STATE OF WISCONSIN INVESTMENT BOARD | 38,063 | 38,344 | +281 | 0.00 | 0.00 | +0.00 | buy |
| OCCUDO QUANTITATIVE STRATEGIES LP | 13,522 | 37,331 | +23,809 | 0.01 | 0.03 | +0.02 | buy |
| RHUMBLINE ADVISERS | 35,378 | 35,537 | +159 | 0.00 | 0.00 | +0.00 | buy |
| AMERIPRISE FINANCIAL INC | 46,115 | 34,751 | -11,364 | 0.00 | 0.00 | -0.00 | sell |
| ALLIANCEBERNSTEIN L.P. | 27,430 | 34,430 | +7,000 | 0.00 | 0.00 | +0.00 | buy |
| CANADA PENSION PLAN INVESTMENT BOARD | 16,600 | 32,700 | +16,100 | 0.00 | 0.00 | +0.00 | buy |
| WELLS FARGO & COMPANY/MN | 18,917 | 32,533 | +13,616 | 0.00 | 0.00 | +0.00 | buy |
| JANE STREET GROUP, LLC | 285,948 | 32,122 | -253,826 | 0.00 | 0.00 | -0.00 | sell |
| State of Wyoming | 6,328 | 29,200 | +22,872 | 0.01 | 0.05 | +0.04 | buy |
| Headlands Technologies LLC | 0 | 28,665 | +28,665 | 0.00 | 0.05 | +0.05 | buy |
| FEDERATED HERMES, INC. | 27,525 | 27,276 | -249 | 0.00 | 0.00 | +0.00 | sell |
| ALGERT GLOBAL LLC | 20,800 | 27,100 | +6,300 | 0.00 | 0.01 | +0.00 | buy |
| PRINCIPAL FINANCIAL GROUP INC | 0 | 27,066 | +27,066 | 0.00 | 0.00 | +0.00 | buy |
| PRICE T ROWE ASSOCIATES INC /MD/ | 19,583 | 23,655 | +4,072 | 0.00 | 0.00 | +0.00 | buy |
| Connor, Clark & Lunn Investment Management Ltd. | 0 | 23,596 | +23,596 | 0.00 | 0.00 | +0.00 | buy |
| BAILARD, INC. | 16,000 | 20,500 | +4,500 | 0.01 | 0.01 | +0.00 | buy |
| Schonfeld Strategic Advisors LLC | 18,444 | 20,130 | +1,686 | 0.00 | 0.00 | -0.00 | buy |
| Squarepoint Ops LLC | 11,814 | 18,927 | +7,113 | 0.00 | 0.00 | +0.00 | buy |
| ExodusPoint Capital Management, LP | 0 | 17,901 | +17,901 | 0.00 | 0.00 | +0.00 | buy |
| XTX Topco Ltd | 0 | 17,764 | +17,764 | 0.00 | 0.00 | +0.00 | buy |
| FRANKLIN RESOURCES INC | 17,740 | 17,740 | 0 | 0.00 | 0.00 | +0.00 | hold |
| Focus Partners Wealth | 0 | 17,137 | +17,137 | 0.00 | 0.00 | +0.00 | buy |
| MERCER GLOBAL ADVISORS INC /ADV | 11,136 | 16,899 | +5,763 | 0.00 | 0.00 | +0.00 | buy |
| MetLife Investment Management, LLC | 15,295 | 15,923 | +628 | 0.00 | 0.00 | +0.00 | buy |
| CITIGROUP INC | 3,779 | 15,729 | +11,950 | 0.00 | 0.00 | +0.00 | buy |
| Semanteon Capital Management, LP | 12,253 | 15,319 | +3,066 | 2.28 | 1.17 | -1.11 | buy |
| Russell Investments Group, Ltd. | 3,129 | 15,000 | +11,871 | 0.00 | 0.00 | +0.00 | buy |
| STIFEL FINANCIAL CORP | 33,550 | 15,000 | -18,550 | 0.00 | 0.00 | -0.00 | sell |
| Man Group plc | 0 | 14,932 | +14,932 | 0.00 | 0.00 | +0.00 | buy |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 13,341 | 13,265 | -76 | 0.00 | 0.00 | +0.00 | sell |
| JPMORGAN CHASE & CO | 11,734 | 12,003 | +269 | 0.00 | 0.00 | +0.00 | buy |
| HSBC HOLDINGS PLC | 27,405 | 11,882 | -15,523 | 0.00 | 0.00 | -0.00 | sell |
| LEVEL FOUR ADVISORY SERVICES, LLC | 11,972 | 11,704 | -268 | 0.01 | 0.01 | +0.00 | sell |
| EVERGREEN CAPITAL MANAGEMENT LLC | 11,011 | 11,011 | 0 | 0.00 | 0.00 | -0.00 | hold |
| Quinn Opportunity Partners LLC | 10,000 | 10,000 | 0 | 0.01 | 0.01 | +0.00 | hold |
| NEW YORK STATE COMMON RETIREMENT FUND | 6,535 | 9,635 | +3,100 | 0.00 | 0.00 | +0.00 | buy |
| Police & Firemen's Retirement System of New Jersey | 6,237 | 8,998 | +2,761 | 0.00 | 0.00 | +0.00 | buy |
| Kemnay Advisory Services Inc. | 345 | 8,236 | +7,891 | 0.00 | 0.02 | +0.02 | buy |
| SG Americas Securities, LLC | 7,487 | 6,817 | -670 | 0.00 | 0.00 | -0.00 | sell |