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Biglari Holdings Class B

Name Holding Trade Value Shares
Change
Change in
Stake
AllianceBernstein
51
AllianceBernstein
Tennessee
$858K +$828K +3,636 New
Morgan Stanley
52
Morgan Stanley
New York
$792K +$765K +3,360 New
Deutsche Bank
53
Deutsche Bank
Germany
$664K +$642K +2,819 New
TA
54
Teachers Advisors
New York
$656K +$633K +2,782 New
VOYA Investment Management
55
VOYA Investment Management
Georgia
$596K +$575K +2,528 New
TPSF
56
Texas Permanent School Fund
Texas
$557K +$538K +2,363 New
Nisa Investment Advisors
57
Nisa Investment Advisors
Missouri
$552K +$533K +2,340 New
SCIA
58
Sanibel Captiva Investment Advisers
Illinois
$513K +$495K +2,175 New
Citigroup
59
Citigroup
New York
$507K +$489K +2,149 New
ASRS
60
Arizona State Retirement System
Arizona
$457K +$441K +1,938 New
NFA
61
Nationwide Fund Advisors
Ohio
$454K +$438K +1,926 New
Comerica Bank
62
Comerica Bank
Texas
$453K +$436K +1,917 New
Millennium Management
63
Millennium Management
New York
$453K +$437K +1,921 New
MAM
64
Martingale Asset Management
Massachusetts
$452K +$436K +1,914 New
CS
65
Credit Suisse
Switzerland
$452K +$436K +1,916 New
GC
66
Guggenheim Capital
Illinois
$421K +$406K +1,785 New
Swiss National Bank
67
Swiss National Bank
Switzerland
$419K +$404K +1,775 New
AIG
68
American International Group
New York
$409K +$395K +1,735 New
Public Employees Retirement Association of Colorado
69
Public Employees Retirement Association of Colorado
Colorado
$408K +$393K +1,728 New
MLICM
70
Metropolitan Life Insurance Company (MetLife)
New York
$387K +$374K +1,642 New
Royal Bank of Canada
71
Royal Bank of Canada
Ontario, Canada
$373K +$360K +1,583 New
RFC
72
Russell Frank Company
Washington
$366K +$353K +1,552 New
Manulife (Manufacturers Life Insurance)
73
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$360K +$347K +1,524 New
Barclays
74
Barclays
United Kingdom
$348K +$336K +1,475 New
ProShare Advisors
75
ProShare Advisors
Maryland
$340K +$328K +1,442 New