General Motors Investment Management’s Biglari Holdings Class B BH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-719	Closed	-$225K	–	912
2013 Q4	$225K	Buy	+719	New	+$225K	0.02%	800
2013 Q3	–	Sell	-1,094	Closed	-$258K	–	930
2013 Q2	$258K	Buy	+1,094	New	+$258K	0.02%	657