State of Wisconsin Investment Board’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
2025
Q2
Sell
-1,200
Closed -$260K 2325
2025
Q1
$260K Buy
+1,200
New +$260K ﹤0.01% 2025
2022
Q2
Sell
-1,900
Closed -$275K 2802
2022
Q1
$275K Buy
1,900
+100
+6% +$14.5K ﹤0.01% 2111
2021
Q4
$257K Buy
1,800
+600
+50% +$85.7K ﹤0.01% 2044
2021
Q3
$206K Buy
+1,200
New +$206K ﹤0.01% 2063