| 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 | 8.41 | 5.50 | -2.91 | hold |
| BlackRock, Inc. | 2,363,800 | 2,340,175 | -23,625 | 0.00 | 0.00 | -0.00 | sell |
| DIMENSIONAL FUND ADVISORS LP | 2,223,676 | 2,213,934 | -9,742 | 0.01 | 0.01 | -0.00 | sell |
| LSV ASSET MANAGEMENT | 1,266,492 | 1,533,400 | +266,908 | 0.04 | 0.04 | +0.00 | buy |
| Fund 1 Investments, LLC | 2,079,980 | 1,455,102 | -624,878 | 4.44 | 2.30 | -2.14 | sell |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 1,372,055 | 1,406,454 | +34,399 | 0.05 | 0.04 | -0.01 | buy |
| VANGUARD GROUP INC | 1,378,282 | 1,367,364 | -10,918 | 0.00 | 0.00 | -0.00 | sell |
| GOLDMAN SACHS GROUP INC | 634,540 | 695,137 | +60,597 | 0.00 | 0.00 | -0.00 | buy |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 578,817 | 618,829 | +40,012 | 0.01 | 0.01 | -0.00 | buy |
| STATE STREET CORP | 593,425 | 605,175 | +11,750 | 0.00 | 0.00 | -0.00 | buy |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 583,850 | 583,960 | +110 | 0.03 | 0.02 | -0.00 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 594,576 | 582,557 | -12,019 | 0.00 | 0.00 | -0.00 | sell |
| BIGLARI, SARDAR | 489,247 | 489,247 | 0 | 14.23 | 12.88 | -1.35 | hold |
| JPMORGAN CHASE & CO | 411,298 | 456,432 | +45,134 | 0.00 | 0.00 | -0.00 | buy |
| First Eagle Investment Management, LLC | 294,422 | 453,422 | +159,000 | 0.01 | 0.01 | +0.00 | buy |
| Hillsdale Investment Management Inc. | 384,296 | 382,696 | -1,600 | 0.41 | 0.22 | -0.18 | sell |
| RENAISSANCE TECHNOLOGIES LLC | 363,000 | 363,000 | 0 | 0.01 | 0.01 | -0.00 | hold |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 325,303 | 333,855 | +8,552 | 0.10 | 0.09 | -0.01 | buy |
| PRUDENTIAL FINANCIAL INC | 67,035 | 289,739 | +222,704 | 0.00 | 0.00 | +0.00 | buy |
| AQR CAPITAL MANAGEMENT LLC | 306,798 | 274,048 | -32,750 | 0.01 | 0.00 | -0.00 | sell |
| BANK OF AMERICA CORP /DE/ | 157,414 | 244,701 | +87,287 | 0.00 | 0.00 | +0.00 | buy |
| MILLENNIUM MANAGEMENT LLC | 46,450 | 228,816 | +182,366 | 0.00 | 0.00 | +0.00 | buy |
| Rodgers Brothers Inc. | 210,550 | 214,550 | +4,000 | 0.37 | 0.32 | -0.04 | buy |
| Divisadero Street Capital Management, LP | 249,567 | 206,785 | -42,782 | 0.44 | 0.30 | -0.14 | sell |
| NORTHERN TRUST CORP | 204,532 | 204,014 | -518 | 0.00 | 0.00 | -0.00 | sell |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 196,817 | 198,267 | +1,450 | 0.00 | 0.00 | -0.00 | buy |
| AMERIPRISE FINANCIAL INC | 184,538 | 196,432 | +11,894 | 0.00 | 0.00 | -0.00 | buy |
| CITADEL ADVISORS LLC | 241,595 | 194,164 | -47,431 | 0.00 | 0.00 | -0.00 | sell |
| Empowered Funds, LLC | 167,003 | 175,555 | +8,552 | 0.04 | 0.03 | -0.01 | buy |
| MORGAN STANLEY | 224,224 | 168,317 | -55,907 | 0.00 | 0.00 | -0.00 | sell |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 167,686 | 165,572 | -2,114 | 0.00 | 0.00 | -0.00 | sell |
| Russell Investments Group, Ltd. | 168,992 | 148,621 | -20,371 | 0.00 | 0.00 | -0.00 | sell |
| D. E. Shaw & Co., Inc. | 135,750 | 135,024 | -726 | 0.00 | 0.00 | -0.00 | sell |
| TWO SIGMA INVESTMENTS, LP | 150,891 | 127,895 | -22,996 | 0.00 | 0.00 | -0.00 | sell |
| Assenagon Asset Management S.A. | 151,020 | 126,080 | -24,940 | 0.00 | 0.00 | -0.00 | sell |
| DEUTSCHE BANK AG\ | 114,126 | 121,943 | +7,817 | 0.00 | 0.00 | -0.00 | buy |
| Alberta Investment Management Corp | 0 | 99,000 | +99,000 | 0.00 | 0.01 | +0.01 | buy |
| Invesco Ltd. | 98,375 | 98,729 | +354 | 0.00 | 0.00 | -0.00 | buy |
| MACQUARIE GROUP LTD | 91,000 | 91,000 | 0 | 0.00 | 0.00 | -0.00 | hold |
| Bank of New York Mellon Corp | 98,437 | 88,645 | -9,792 | 0.00 | 0.00 | -0.00 | sell |
| UBS Group AG | 73,395 | 85,967 | +12,572 | 0.00 | 0.00 | -0.00 | buy |
| Janney Montgomery Scott LLC | 44,423 | 84,247 | +39,824 | 0.00 | 0.00 | +0.00 | buy |
| Campbell & CO Investment Adviser LLC | 108,707 | 82,505 | -26,202 | 0.11 | 0.07 | -0.04 | sell |
| FIRST TRUST ADVISORS LP | 84,074 | 75,591 | -8,483 | 0.00 | 0.00 | -0.00 | sell |
| BARCLAYS PLC | 65,845 | 71,265 | +5,420 | 0.00 | 0.00 | +0.00 | buy |
| FRANKLIN RESOURCES INC | 70,409 | 70,003 | -406 | 0.00 | 0.00 | -0.00 | sell |
| STIFEL FINANCIAL CORP | 58,785 | 61,201 | +2,416 | 0.00 | 0.00 | -0.00 | buy |
| Qube Research & Technologies Ltd | 0 | 60,804 | +60,804 | 0.00 | 0.00 | +0.00 | buy |
| STATE OF WISCONSIN INVESTMENT BOARD | 51,563 | 51,563 | 0 | 0.00 | 0.00 | -0.00 | hold |
| BNP PARIBAS FINANCIAL MARKETS | 69,747 | 51,340 | -18,407 | 0.00 | 0.00 | -0.00 | sell |
| ExodusPoint Capital Management, LP | 0 | 50,415 | +50,415 | 0.00 | 0.01 | +0.01 | buy |
| State of Wyoming | 47,015 | 47,417 | +402 | 0.09 | 0.07 | -0.02 | buy |
| AMERICAN CENTURY COMPANIES INC | 42,358 | 47,307 | +4,949 | 0.00 | 0.00 | -0.00 | buy |
| FULLER & THALER ASSET MANAGEMENT, INC. | 45,834 | 45,874 | +40 | 0.00 | 0.00 | -0.00 | buy |
| AdvisorShares Investments LLC | 36,972 | 43,353 | +6,381 | 0.10 | 0.10 | -0.00 | buy |
| RHUMBLINE ADVISERS | 41,622 | 41,529 | -93 | 0.00 | 0.00 | -0.00 | sell |
| Cubist Systematic Strategies, LLC | 12,917 | 34,616 | +21,699 | 0.00 | 0.01 | +0.00 | buy |
| ROYAL BANK OF CANADA | 32,344 | 30,288 | -2,056 | 0.00 | 0.00 | -0.00 | sell |
| AlphaQuest LLC | 161 | 27,798 | +27,637 | 0.00 | 0.04 | +0.04 | buy |
| ALLIANCEBERNSTEIN L.P. | 27,430 | 27,430 | 0 | 0.00 | 0.00 | -0.00 | hold |
| Sterling Capital Management LLC | 26,384 | 27,108 | +724 | 0.00 | 0.00 | -0.00 | buy |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 14,123 | 25,154 | +11,031 | 0.00 | 0.00 | +0.00 | buy |
| WELLS FARGO & COMPANY/MN | 19,246 | 22,508 | +3,262 | 0.00 | 0.00 | -0.00 | buy |
| BAILARD, INC. | 0 | 21,856 | +21,856 | 0.00 | 0.01 | +0.01 | buy |
| LEVEL FOUR ADVISORY SERVICES, LLC | 21,556 | 21,556 | 0 | 0.01 | 0.01 | -0.00 | hold |
| CITIGROUP INC | 19,663 | 21,278 | +1,615 | 0.00 | 0.00 | -0.00 | buy |
| TWO SIGMA ADVISERS, LP | 25,300 | 20,900 | -4,400 | 0.00 | 0.00 | -0.00 | sell |
| XTX Topco Ltd | 0 | 20,734 | +20,734 | 0.00 | 0.02 | +0.02 | buy |
| SHERBROOKE PARK ADVISERS LLC | 0 | 19,597 | +19,597 | 0.00 | 0.07 | +0.07 | buy |
| Engineers Gate Manager LP | 27,401 | 19,287 | -8,114 | 0.01 | 0.00 | -0.00 | sell |
| Boston Partners | 43,901 | 17,939 | -25,962 | 0.00 | 0.00 | -0.00 | sell |
| LAZARD ASSET MANAGEMENT LLC | 7,041 | 14,988 | +7,947 | 0.00 | 0.00 | +0.00 | buy |
| Man Group plc | 0 | 14,727 | +14,727 | 0.00 | 0.00 | +0.00 | buy |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 13,963 | 14,571 | +608 | 0.00 | 0.00 | -0.00 | buy |
| SEI INVESTMENTS CO | 14,313 | 14,313 | 0 | 0.00 | 0.00 | -0.00 | hold |
| Squarepoint Ops LLC | 0 | 14,275 | +14,275 | 0.00 | 0.00 | +0.00 | buy |
| MetLife Investment Management, LLC | 16,053 | 13,882 | -2,171 | 0.00 | 0.00 | -0.00 | sell |
| INTECH INVESTMENT MANAGEMENT LLC | 0 | 13,483 | +13,483 | 0.00 | 0.00 | +0.00 | buy |
| Jump Financial, LLC | 0 | 13,362 | +13,362 | 0.00 | 0.00 | +0.00 | buy |
| HSBC HOLDINGS PLC | 15,943 | 13,021 | -2,922 | 0.00 | 0.00 | -0.00 | sell |
| LPL Financial LLC | 12,907 | 12,915 | +8 | 0.00 | 0.00 | -0.00 | buy |
| Corebridge Financial, Inc. | 13,634 | 12,833 | -801 | 0.00 | 0.00 | -0.00 | sell |
| OCCUDO QUANTITATIVE STRATEGIES LP | 33,860 | 12,772 | -21,088 | 0.08 | 0.03 | -0.06 | sell |
| PRELUDE CAPITAL MANAGEMENT, LLC | 0 | 12,193 | +12,193 | 0.00 | 0.01 | +0.01 | buy |
| Olympiad Research LP | 0 | 11,242 | +11,242 | 0.00 | 0.14 | +0.14 | buy |
| SG Americas Securities, LLC | 8,759 | 10,713 | +1,954 | 0.00 | 0.00 | +0.00 | buy |
| Focus Partners Wealth | 10,000 | 10,148 | +148 | 0.00 | 0.00 | -0.00 | buy |
| Aquatic Capital Management LLC | 0 | 9,312 | +9,312 | 0.00 | 0.00 | +0.00 | buy |
| Blue Trust, Inc. | 10,146 | 9,196 | -950 | 0.00 | 0.00 | -0.00 | sell |
| Quarry LP | 2,202 | 7,389 | +5,187 | 0.01 | 0.02 | +0.01 | buy |
| NEW YORK STATE COMMON RETIREMENT FUND | 6,535 | 6,535 | 0 | 0.00 | 0.00 | -0.00 | hold |
| Quantbot Technologies LP | 0 | 6,064 | +6,064 | 0.00 | 0.00 | +0.00 | buy |
| OSAIC HOLDINGS, INC. | 5,837 | 6,023 | +186 | 0.00 | 0.00 | -0.00 | buy |
| FEDERATED HERMES, INC. | 34,453 | 4,479 | -29,974 | 0.00 | 0.00 | -0.00 | sell |
| CWM, LLC | 4,204 | 3,629 | -575 | 0.00 | 0.00 | -0.00 | sell |
| Ameritas Investment Partners, Inc. | 2,823 | 2,823 | 0 | 0.00 | 0.00 | -0.00 | hold |
| Legal & General Group Plc | 2,433 | 2,433 | 0 | 0.00 | 0.00 | -0.00 | hold |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM | 2,546 | 2,335 | -211 | 0.00 | 0.00 | -0.00 | sell |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 1,874 | 1,874 | 0 | 0.00 | 0.00 | -0.00 | hold |
| FMR LLC | 1,090 | 1,286 | +196 | 0.00 | 0.00 | -0.00 | buy |