| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| BlackRock, Inc. | 3,006,918 | 3,133,181 | +126,263 | 0.00 | 0.00 | -0.00 | buy |
| VANGUARD GROUP INC | 2,362,930 | 2,212,557 | -150,373 | 0.00 | 0.00 | -0.00 | sell |
| Capital World Investors | 1,606,607 | 1,606,607 | 0 | 0.01 | 0.01 | -0.00 | hold |
| BIGLARI CAPITAL CORP. | 1,073,883 | 1,073,883 | 0 | 7.67 | 5.33 | -2.34 | hold |
| LSV ASSET MANAGEMENT | 919,334 | 891,204 | -28,130 | 0.09 | 0.09 | -0.01 | sell |
| STATE STREET CORP | 738,990 | 776,654 | +37,664 | 0.00 | 0.00 | -0.00 | buy |
| BANK OF AMERICA CORP /DE/ | 812,476 | 758,007 | -54,469 | 0.00 | 0.00 | -0.00 | sell |
| Allspring Global Investments Holdings, LLC | 712,416 | 738,297 | +25,881 | 0.05 | 0.05 | -0.00 | buy |
| UBS Group AG | 105,274 | 642,988 | +537,714 | 0.00 | 0.01 | +0.00 | buy |
| GOLDMAN SACHS GROUP INC | 173,118 | 565,594 | +392,476 | 0.00 | 0.00 | +0.00 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 454,177 | 451,154 | -3,023 | 0.00 | 0.00 | -0.00 | sell |
| IPG Investment Advisors LLC | 276,785 | 440,619 | +163,834 | 2.81 | 4.17 | +1.37 | buy |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 388,510 | 436,361 | +47,851 | 0.00 | 0.00 | -0.00 | buy |
| CITADEL ADVISORS LLC | 241,093 | 426,921 | +185,828 | 0.01 | 0.02 | +0.00 | buy |
| VICTORY CAPITAL MANAGEMENT INC | 529,377 | 419,905 | -109,472 | 0.02 | 0.02 | -0.01 | sell |
| J. Goldman & Co LP | 148,146 | 412,087 | +263,941 | 0.30 | 0.61 | +0.31 | buy |
| DIMENSIONAL FUND ADVISORS LP | 428,145 | 372,237 | -55,908 | 0.00 | 0.00 | -0.00 | sell |
| MORGAN STANLEY | 343,452 | 360,806 | +17,354 | 0.00 | 0.00 | -0.00 | buy |
| Invenomic Capital Management LP | 253,581 | 356,757 | +103,176 | 0.65 | 0.84 | +0.18 | buy |
| Callodine Capital Management, LP | 313,497 | 305,377 | -8,120 | 3.04 | 2.63 | -0.42 | sell |
| EARNEST PARTNERS LLC | 276,694 | 262,605 | -14,089 | 0.06 | 0.05 | -0.01 | sell |
| NORTHERN TRUST CORP | 198,007 | 219,189 | +21,182 | 0.00 | 0.00 | -0.00 | buy |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 70,639 | 196,740 | +126,101 | 0.00 | 0.01 | +0.00 | buy |
| EMERALD ADVISERS, LLC | 200,067 | 190,867 | -9,200 | 0.36 | 0.31 | -0.05 | sell |
| Bank of New York Mellon Corp | 219,990 | 151,525 | -68,465 | 0.00 | 0.00 | -0.00 | sell |
| MILLENNIUM MANAGEMENT LLC | 275,617 | 150,089 | -125,528 | 0.01 | 0.01 | -0.01 | sell |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 78,728 | 128,591 | +49,863 | 0.01 | 0.01 | +0.00 | buy |
| EMERALD MUTUAL FUND ADVISERS TRUST | 149,297 | 125,607 | -23,690 | 0.36 | 0.32 | -0.04 | sell |
| ENVESTNET ASSET MANAGEMENT INC | 128,714 | 112,827 | -15,887 | 0.00 | 0.00 | -0.00 | sell |
| MANNING & NAPIER ADVISORS LLC | 85,000 | 104,382 | +19,382 | 0.04 | 0.05 | +0.01 | buy |
| Invesco Ltd. | 104,284 | 104,304 | +20 | 0.00 | 0.00 | -0.00 | buy |
| Woodline Partners LP | 0 | 102,042 | +102,042 | 0.00 | 0.03 | +0.03 | buy |
| BIGLARI, SARDAR | 96,717 | 96,717 | 0 | 9.56 | 9.19 | -0.37 | hold |
| BARCLAYS PLC | 216,117 | 96,518 | -119,599 | 0.00 | 0.00 | -0.00 | sell |
| PRINCIPAL FINANCIAL GROUP INC | 90,649 | 93,335 | +2,686 | 0.00 | 0.00 | -0.00 | buy |
| STIFEL FINANCIAL CORP | 81,691 | 91,227 | +9,536 | 0.00 | 0.00 | -0.00 | buy |
| WELLS FARGO & COMPANY/MN | 102,171 | 88,677 | -13,494 | 0.00 | 0.00 | -0.00 | sell |
| BNP PARIBAS FINANCIAL MARKETS | 11,699 | 70,843 | +59,144 | 0.00 | 0.00 | +0.00 | buy |
| Phocas Financial Corp. | 69,204 | 68,612 | -592 | 0.01 | 0.38 | +0.37 | sell |
| RHUMBLINE ADVISERS | 58,282 | 60,982 | +2,700 | 0.00 | 0.00 | -0.00 | buy |
| Aquatic Capital Management LLC | 39,600 | 54,778 | +15,178 | 0.05 | 0.06 | +0.01 | buy |
| Legal & General Group Plc | 55,541 | 53,781 | -1,760 | 0.00 | 0.00 | -0.00 | sell |
| Marathon Partners Equity Management, LLC | 27,500 | 50,000 | +22,500 | 3.50 | 2.00 | -1.50 | buy |
| Bridge City Capital, LLC | 47,853 | 49,417 | +1,564 | 0.61 | 0.55 | -0.06 | buy |
| Quinn Opportunity Partners LLC | 48,789 | 48,789 | 0 | 0.23 | 0.15 | -0.08 | hold |
| JANE STREET GROUP, LLC | 44,960 | 47,973 | +3,013 | 0.00 | 0.00 | -0.00 | buy |
| AMERIPRISE FINANCIAL INC | 49,020 | 47,935 | -1,085 | 0.00 | 0.00 | -0.00 | sell |
| PUBLIC SECTOR PENSION INVESTMENT BOARD | 40,586 | 47,841 | +7,255 | 0.01 | 0.01 | -0.00 | buy |
| Verition Fund Management LLC | 28,858 | 47,253 | +18,395 | 0.01 | 0.01 | +0.00 | buy |
| SIMPLEX TRADING, LLC | 7,248 | 41,515 | +34,267 | 0.01 | 0.05 | +0.04 | buy |
| Swiss National Bank | 37,900 | 37,600 | -300 | 0.00 | 0.00 | -0.00 | sell |
| Caption Management, LLC | 0 | 35,929 | +35,929 | 0.00 | 0.06 | +0.06 | buy |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 29,654 | 34,676 | +5,022 | 0.00 | 0.00 | -0.00 | buy |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM | 34,059 | 31,891 | -2,168 | 0.00 | 0.00 | -0.00 | sell |
| Access Investment Management LLC | 31,690 | 31,800 | +110 | 0.45 | 0.38 | -0.07 | buy |
| Squarepoint Ops LLC | 13,409 | 28,553 | +15,144 | 0.00 | 0.00 | +0.00 | buy |
| CITIGROUP INC | 27,286 | 28,533 | +1,247 | 0.00 | 0.00 | -0.00 | buy |
| NEW YORK STATE COMMON RETIREMENT FUND | 27,126 | 27,126 | 0 | 0.00 | 0.00 | -0.00 | hold |
| Walleye Capital LLC | 30,354 | 26,126 | -4,228 | 0.01 | 0.01 | -0.00 | sell |
| HSBC HOLDINGS PLC | 0 | 24,916 | +24,916 | 0.00 | 0.00 | +0.00 | buy |
| Ensign Peak Advisors, Inc | 23,743 | 23,743 | 0 | 0.00 | 0.00 | -0.00 | hold |
| NORGES BANK | 69,762 | 23,481 | -46,281 | 0.00 | 0.00 | -0.00 | sell |
| ALLIANCEBERNSTEIN L.P. | 22,102 | 22,102 | 0 | 0.00 | 0.00 | -0.00 | hold |
| Walleye Trading LLC | 0 | 21,001 | +21,001 | 0.00 | 0.02 | +0.02 | buy |
| NATIXIS | 0 | 20,869 | +20,869 | 0.00 | 0.01 | +0.01 | buy |
| SEI INVESTMENTS CO | 20,213 | 20,626 | +413 | 0.00 | 0.00 | -0.00 | buy |
| IMC-Chicago, LLC | 14,366 | 20,393 | +6,027 | 0.02 | 0.02 | +0.00 | buy |
| Gotham Asset Management, LLC | 22,525 | 19,503 | -3,022 | 0.01 | 0.01 | -0.00 | sell |
| PRUDENTIAL FINANCIAL INC | 20,417 | 19,457 | -960 | 0.00 | 0.00 | -0.00 | sell |
| Engineers Gate Manager LP | 32,489 | 19,212 | -13,277 | 0.03 | 0.01 | -0.02 | sell |
| D. E. Shaw & Co., Inc. | 14,511 | 18,961 | +4,450 | 0.00 | 0.00 | -0.00 | buy |
| MONETA GROUP INVESTMENT ADVISORS LLC | 18,475 | 18,475 | 0 | 0.01 | 0.01 | -0.00 | hold |
| CANADA LIFE ASSURANCE Co | 19,021 | 18,322 | -699 | 0.00 | 0.00 | -0.00 | sell |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 18,349 | 17,918 | -431 | 0.00 | 0.00 | -0.00 | sell |
| DEUTSCHE BANK AG\ | 12,011 | 17,830 | +5,819 | 0.00 | 0.00 | +0.00 | buy |
| PRICE T ROWE ASSOCIATES INC /MD/ | 16,659 | 17,777 | +1,118 | 0.00 | 0.00 | -0.00 | buy |
| Proficio Capital Partners LLC | 0 | 15,990 | +15,990 | 0.00 | 0.00 | +0.00 | buy |
| HRT FINANCIAL LP | 50,691 | 15,774 | -34,917 | 0.01 | 0.00 | -0.01 | sell |
| JPMORGAN CHASE & CO | 16,136 | 15,757 | -379 | 0.00 | 0.00 | -0.00 | sell |
| MACQUARIE GROUP LTD | 602,150 | 15,291 | -586,859 | 0.03 | 0.00 | -0.03 | sell |
| WOLVERINE TRADING, LLC | 9,996 | 14,863 | +4,867 | 0.01 | 0.01 | +0.00 | buy |
| THRIVENT FINANCIAL FOR LUTHERANS | 15,059 | 14,823 | -236 | 0.00 | 0.00 | -0.00 | sell |
| Janney Montgomery Scott LLC | 9,035 | 13,873 | +4,838 | 0.00 | 0.00 | +0.00 | buy |
| STATE OF WISCONSIN INVESTMENT BOARD | 13,452 | 12,890 | -562 | 0.00 | 0.00 | -0.00 | sell |
| Allianz Asset Management GmbH | 51,915 | 12,705 | -39,210 | 0.00 | 0.00 | -0.00 | sell |
| Bridgefront Capital, LLC | 6,744 | 12,593 | +5,849 | 0.12 | 0.18 | +0.06 | buy |
| AVANTAX ADVISORY SERVICES, INC. | 21,247 | 12,041 | -9,206 | 0.01 | 0.00 | -0.00 | sell |
| SG Americas Securities, LLC | 3,980 | 11,484 | +7,504 | 0.00 | 0.00 | +0.00 | buy |
| MetLife Investment Management, LLC | 11,599 | 11,431 | -168 | 0.00 | 0.00 | -0.00 | sell |
| ROYAL BANK OF CANADA | 19,363 | 11,364 | -7,999 | 0.00 | 0.00 | -0.00 | sell |
| Legato Capital Management LLC | 11,326 | 11,326 | 0 | 0.07 | 0.06 | -0.00 | hold |
| US BANCORP \DE\ | 11,217 | 10,998 | -219 | 0.00 | 0.00 | -0.00 | sell |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 10,818 | 10,910 | +92 | 0.00 | 0.00 | -0.00 | buy |
| State of Alaska, Department of Revenue | 10,915 | 10,850 | -65 | 0.01 | 0.01 | -0.00 | sell |
| Alberta Investment Management Corp | 10,850 | 10,850 | 0 | 0.00 | 0.00 | -0.00 | hold |
| Inspire Investing, LLC | 9,695 | 10,688 | +993 | 0.05 | 0.05 | +0.00 | buy |
| LPL Financial LLC | 9,224 | 10,642 | +1,418 | 0.00 | 0.00 | -0.00 | buy |
| Amundi | 4,287 | 10,330 | +6,043 | 0.00 | 0.00 | +0.00 | buy |
| Clearline Capital LP | 260,730 | 10,304 | -250,426 | 1.07 | 0.06 | -1.02 | sell |
| Jefferies Financial Group Inc. | 0 | 10,247 | +10,247 | 0.00 | 0.00 | +0.00 | buy |