Royce & Associates’s Biglari Holdings Class B BH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q3	–	Sell	-552	Closed	-$38K	–	1010
2020 Q2	$38K	Buy	+552	New	+$35.5K	﹤0.01%	1062
2018 Q1	–	Sell	-1,500	Closed	-$414K	–	1254
2017 Q4	$414K	Sell	1,500 -3,000	-67%	-$722K	﹤0.01%	1055
2017 Q3	$1M	Buy	4,500 +2,250	+100%	+$509K	0.01%	961
2017 Q2	$600K	Hold	2,250	–	–	﹤0.01%	1031
2017 Q1	$648K	Buy	+2,250	New	+$659K	﹤0.01%	1027
2015 Q3	–	Sell	-1,500	Closed	-$414K	–	1203
2015 Q2	$414K	Buy	+1,500	New	+$390K	﹤0.01%	1095
2015 Q1	–	Sell	-2,640	Closed	-$703K	–	1241
2014 Q4	$703K	Hold	2,640	–	–	﹤0.01%	1114
2014 Q3	$598K	Sell	2,640 -203	-7%	-$50.7K	﹤0.01%	1192
2014 Q2	$744K	Hold	2,843	–	–	﹤0.01%	1182
2014 Q1	$858K	Hold	2,843	–	–	﹤0.01%	1168
2013 Q4	$892K	Buy	+2,843	New	+$803K	﹤0.01%	1183