| 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 | 4.25 | 4.49 | +0.24 | hold |
| BlackRock, Inc. | 2,331,737 | 2,200,016 | -131,721 | 0.00 | 0.00 | -0.00 | sell |
| DIMENSIONAL FUND ADVISORS LP | 2,017,430 | 2,001,301 | -16,129 | 0.00 | 0.00 | +0.00 | sell |
| LSV ASSET MANAGEMENT | 1,489,052 | 1,456,852 | -32,200 | 0.03 | 0.03 | +0.00 | sell |
| VANGUARD GROUP INC | 1,400,032 | 1,455,344 | +55,312 | 0.00 | 0.00 | +0.00 | buy |
| GOLDMAN SACHS GROUP INC | 534,915 | 1,037,293 | +502,378 | 0.00 | 0.00 | +0.00 | buy |
| Tieton Capital Management, LLC | 853,199 | 852,584 | -615 | 2.87 | 3.05 | +0.18 | sell |
| Fund 1 Investments, LLC | 253,956 | 745,140 | +491,184 | 0.30 | 1.13 | +0.83 | buy |
| Divisadero Street Capital Management, LP | 837,650 | 692,665 | -144,985 | 0.38 | 0.41 | +0.03 | sell |
| GEODE CAPITAL MANAGEMENT, LLC | 627,950 | 653,977 | +26,027 | 0.00 | 0.00 | +0.00 | buy |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 630,903 | 652,433 | +21,530 | 0.02 | 0.02 | +0.00 | buy |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 590,087 | 596,444 | +6,357 | 0.00 | 0.00 | +0.00 | buy |
| STATE STREET CORP | 560,348 | 574,406 | +14,058 | 0.00 | 0.00 | +0.00 | buy |
| Hillsdale Investment Management Inc. | 359,396 | 571,296 | +211,900 | 0.11 | 0.16 | +0.06 | buy |
| First Eagle Investment Management, LLC | 741,793 | 547,793 | -194,000 | 0.01 | 0.01 | -0.00 | sell |
| BIGLARI, SARDAR | 489,247 | 489,247 | 0 | 9.56 | 10.59 | +1.03 | hold |
| PRUDENTIAL FINANCIAL INC | 373,040 | 432,054 | +59,014 | 0.00 | 0.01 | +0.00 | buy |
| Nuveen, LLC | 460,931 | 417,949 | -42,982 | 0.00 | 0.00 | -0.00 | sell |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 391,941 | 372,203 | -19,738 | 0.08 | 0.08 | +0.00 | sell |
| Rodgers Brothers Inc. | 345,150 | 357,075 | +11,925 | 0.41 | 0.45 | +0.03 | buy |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 1,171,235 | 329,208 | -842,027 | 0.03 | 0.01 | -0.02 | sell |
| RENAISSANCE TECHNOLOGIES LLC | 355,000 | 314,600 | -40,400 | 0.00 | 0.01 | +0.00 | sell |
| BANK OF AMERICA CORP /DE/ | 214,682 | 231,018 | +16,336 | 0.00 | 0.00 | +0.00 | buy |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 214,319 | 217,571 | +3,252 | 0.00 | 0.00 | +0.00 | buy |
| Empowered Funds, LLC | 233,641 | 213,903 | -19,738 | 0.02 | 0.02 | -0.01 | sell |
| SEI INVESTMENTS CO | 20,413 | 209,148 | +188,735 | 0.00 | 0.00 | +0.00 | buy |
| TWO SIGMA INVESTMENTS, LP | 214,123 | 204,537 | -9,586 | 0.00 | 0.00 | +0.00 | sell |
| MORGAN STANLEY | 380,068 | 204,177 | -175,891 | 0.00 | 0.00 | -0.00 | sell |
| MONIMUS CAPITAL MANAGEMENT, LP | 188,545 | 202,081 | +13,536 | 1.36 | 1.39 | +0.03 | buy |
| NORTHERN TRUST CORP | 203,151 | 192,960 | -10,191 | 0.00 | 0.00 | +0.00 | sell |
| Archon Capital Management LLC | 140,490 | 179,502 | +39,012 | 0.81 | 1.07 | +0.26 | buy |
| JANE STREET GROUP, LLC | 66,639 | 158,908 | +92,269 | 0.00 | 0.00 | +0.00 | buy |
| AQR CAPITAL MANAGEMENT LLC | 148,533 | 154,589 | +6,056 | 0.00 | 0.00 | -0.00 | buy |
| D. E. Shaw & Co., Inc. | 174,137 | 151,079 | -23,058 | 0.00 | 0.00 | -0.00 | sell |
| Trexquant Investment LP | 76,665 | 118,436 | +41,771 | 0.01 | 0.01 | +0.00 | buy |
| LAZARD ASSET MANAGEMENT LLC | 105,743 | 109,772 | +4,029 | 0.00 | 0.00 | +0.00 | buy |
| AMERIPRISE FINANCIAL INC | 166,671 | 102,124 | -64,547 | 0.00 | 0.00 | -0.00 | sell |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 99,300 | 99,300 | 0 | 0.00 | 0.00 | +0.00 | hold |
| Bank of New York Mellon Corp | 90,561 | 98,730 | +8,169 | 0.00 | 0.00 | +0.00 | buy |
| Campbell & CO Investment Adviser LLC | 74,481 | 96,258 | +21,777 | 0.05 | 0.05 | -0.01 | buy |
| Corient Private Wealth LLC | 0 | 90,318 | +90,318 | 0.00 | 0.00 | +0.00 | buy |
| TWO SIGMA ADVISERS, LP | 82,800 | 86,200 | +3,400 | 0.00 | 0.00 | +0.00 | buy |
| BARCLAYS PLC | 72,684 | 79,170 | +6,486 | 0.00 | 0.00 | +0.00 | buy |
| UBS Group AG | 92,661 | 77,105 | -15,556 | 0.00 | 0.00 | -0.00 | sell |
| SummerHaven Investment Management, LLC | 76,365 | 76,365 | 0 | 0.43 | 0.45 | +0.02 | hold |
| BNP Paribas Asset Management Holding S.A. | 0 | 74,179 | +74,179 | 0.00 | 0.00 | +0.00 | buy |
| Creative Planning | 27,726 | 73,321 | +45,595 | 0.00 | 0.00 | +0.00 | buy |
| Janney Montgomery Scott LLC | 81,531 | 71,147 | -10,384 | 0.00 | 0.00 | -0.00 | sell |
| Prosperity Wealth Management, Inc. | 0 | 62,700 | +62,700 | 0.00 | 0.22 | +0.22 | buy |
| AMERICAN CENTURY COMPANIES INC | 57,376 | 57,252 | -124 | 0.00 | 0.00 | +0.00 | sell |
| STIFEL FINANCIAL CORP | 62,525 | 56,650 | -5,875 | 0.00 | 0.00 | -0.00 | sell |
| Boston Partners | 57,321 | 56,226 | -1,095 | 0.00 | 0.00 | +0.00 | sell |
| ExodusPoint Capital Management, LP | 0 | 55,775 | +55,775 | 0.00 | 0.01 | +0.01 | buy |
| Invesco Ltd. | 57,438 | 53,952 | -3,486 | 0.00 | 0.00 | -0.00 | sell |
| AlphaQuest LLC | 53,759 | 53,766 | +7 | 0.03 | 0.03 | -0.00 | buy |
| AdvisorShares Investments LLC | 49,539 | 47,365 | -2,174 | 0.08 | 0.08 | +0.00 | sell |
| GABELLI FUNDS LLC | 47,101 | 47,101 | 0 | 0.00 | 0.00 | +0.00 | hold |
| WELLS FARGO & COMPANY/MN | 30,991 | 45,298 | +14,307 | 0.00 | 0.00 | +0.00 | buy |
| Carlson Capital, L.P. | 92,000 | 40,000 | -52,000 | 0.51 | 0.20 | -0.30 | sell |
| FULLER & THALER ASSET MANAGEMENT, INC. | 38,794 | 38,794 | 0 | 0.00 | 0.00 | +0.00 | hold |
| Verition Fund Management LLC | 37,520 | 37,420 | -100 | 0.00 | 0.00 | +0.00 | sell |
| PANAGORA ASSET MANAGEMENT INC | 33,278 | 35,492 | +2,214 | 0.00 | 0.00 | +0.00 | buy |
| STATE OF WISCONSIN INVESTMENT BOARD | 35,663 | 35,463 | -200 | 0.00 | 0.00 | +0.00 | sell |
| RHUMBLINE ADVISERS | 38,114 | 35,141 | -2,973 | 0.00 | 0.00 | +0.00 | sell |
| Squarepoint Ops LLC | 0 | 34,431 | +34,431 | 0.00 | 0.00 | +0.00 | buy |
| Quantinno Capital Management LP | 13,555 | 33,586 | +20,031 | 0.00 | 0.00 | +0.00 | buy |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 54,793 | 28,359 | -26,434 | 0.00 | 0.00 | -0.00 | sell |
| FEDERATED HERMES, INC. | 2,363 | 27,525 | +25,162 | 0.00 | 0.00 | +0.00 | buy |
| ALLIANCEBERNSTEIN L.P. | 27,430 | 27,430 | 0 | 0.00 | 0.00 | +0.00 | hold |
| Assenagon Asset Management S.A. | 0 | 20,416 | +20,416 | 0.00 | 0.00 | +0.00 | buy |
| BAILARD, INC. | 23,700 | 20,105 | -3,595 | 0.00 | 0.00 | -0.00 | sell |
| HSBC HOLDINGS PLC | 21,809 | 19,935 | -1,874 | 0.00 | 0.00 | -0.00 | sell |
| Aquatic Capital Management LLC | 35,498 | 19,278 | -16,220 | 0.01 | 0.01 | -0.00 | sell |
| DEUTSCHE BANK AG\ | 0 | 18,813 | +18,813 | 0.00 | 0.00 | +0.00 | buy |
| FRANKLIN RESOURCES INC | 0 | 17,171 | +17,171 | 0.00 | 0.00 | +0.00 | buy |
| CANADA PENSION PLAN INVESTMENT BOARD | 0 | 16,600 | +16,600 | 0.00 | 0.00 | +0.00 | buy |
| MetLife Investment Management, LLC | 9,735 | 15,694 | +5,959 | 0.00 | 0.00 | +0.00 | buy |
| ZACKS INVESTMENT MANAGEMENT | 0 | 14,200 | +14,200 | 0.00 | 0.00 | +0.00 | buy |
| PRICE T ROWE ASSOCIATES INC /MD/ | 14,019 | 14,019 | 0 | 0.00 | 0.00 | +0.00 | hold |
| LEVEL FOUR ADVISORY SERVICES, LLC | 17,884 | 13,624 | -4,260 | 0.01 | 0.00 | -0.00 | sell |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 12,584 | 13,035 | +451 | 0.00 | 0.00 | +0.00 | buy |
| PharVision Advisers, LLC | 0 | 12,757 | +12,757 | 0.00 | 0.07 | +0.07 | buy |
| JPMORGAN CHASE & CO | 10,664 | 12,551 | +1,887 | 0.00 | 0.00 | +0.00 | buy |
| SG Americas Securities, LLC | 10,995 | 12,212 | +1,217 | 0.00 | 0.00 | -0.00 | buy |
| OXFORD ASSET MANAGEMENT LLP | 0 | 11,724 | +11,724 | 0.00 | 0.04 | +0.04 | buy |
| Quantbot Technologies LP | 1,154 | 11,559 | +10,405 | 0.00 | 0.00 | +0.00 | buy |
| Focus Partners Wealth | 10,189 | 11,095 | +906 | 0.00 | 0.00 | -0.00 | buy |
| FMR LLC | 1,276 | 11,085 | +9,809 | 0.00 | 0.00 | +0.00 | buy |
| XTX Topco Ltd | 0 | 10,711 | +10,711 | 0.00 | 0.00 | +0.00 | buy |
| EVERGREEN CAPITAL MANAGEMENT LLC | 0 | 10,298 | +10,298 | 0.00 | 0.00 | +0.00 | buy |
| AXQ CAPITAL, LP | 0 | 10,216 | +10,216 | 0.00 | 0.02 | +0.02 | buy |
| Diversified Trust Co | 0 | 10,145 | +10,145 | 0.00 | 0.00 | +0.00 | buy |
| Quinn Opportunity Partners LLC | 10,000 | 10,000 | 0 | 0.01 | 0.00 | -0.00 | hold |
| Blue Trust, Inc. | 7,241 | 6,984 | -257 | 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 |
| BNP PARIBAS FINANCIAL MARKETS | 5,277 | 6,419 | +1,142 | 0.00 | 0.00 | +0.00 | buy |
| Police & Firemen's Retirement System of New Jersey | 6,237 | 6,237 | 0 | 0.00 | 0.00 | +0.00 | hold |
| EMC Capital Management | 6,516 | 6,195 | -321 | 0.03 | 0.03 | -0.00 | sell |
| CWM, LLC | 4,483 | 4,815 | +332 | 0.00 | 0.00 | +0.00 | buy |
| Kestra Advisory Services, LLC | 0 | 4,734 | +4,734 | 0.00 | 0.00 | +0.00 | buy |