Penserra Capital 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
2016 Q4	–	Sell	-116	Closed	-$33K	–	919
2016 Q3	$33K	Sell	116 -112	-49%	-$31.9K	﹤0.01%	400
2016 Q2	$61K	Sell	228 -18	-7%	-$4.82K	0.01%	280
2016 Q1	$60	Buy	246 +1	+0.4%	–	0.01%	211
2015 Q4	$53K	Buy	+245	New	+$53K	0.01%	254