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Biglari Holdings Class B

Name Holding Trade Value Shares
Change
Change in
Stake
BA
76
BlackRock Advisors
Delaware
$303K +$292K +1,284 New
OA
77
OFI Advisors
Pennsylvania
$301K +$290K +1,275 New
T. Rowe Price Associates
78
T. Rowe Price Associates
Maryland
$270K +$261K +1,147 New
GMIM
79
General Motors Investment Management
New York
$258K +$249K +1,094 New
CAM
80
Capstone Asset Management
Texas
$225K +$217K +955 New
GH
81
GAM Holding
Switzerland
$205K +$198K +870 New
PCM
82
Prelude Capital Management
New York
$144K +$139K +609 New
US Bancorp
83
US Bancorp
Minnesota
$142K +$137K +602 New
CTC
84
Central Trust Company
Missouri
$103K +$99K +435 New
TRSOTSOK
85
Teachers Retirement System of the State of Kentucky
Kentucky
$96K +$93.1K +409 New
Axa
86
Axa
France
$82K +$79.2K +348 New
U
87
UBS
Switzerland
$73K +$70.1K +308 New
MSA
88
Mason Street Advisors
Wisconsin
$69K +$66.2K +291 New
PI
89
PineBridge Investments
New York
$55K +$52.6K +231 New
TRCT
90
Tower Research Capital (TRC)
New York
$41K +$39.6K +174 New
Teacher Retirement System of Texas
91
Teacher Retirement System of Texas
Texas
$35K +$33.7K +148 New
ILIM
92
Irish Life Investment Managers
Ireland
$32.8K +$31.6K +139 New
HNB
93
Huntington National Bank
Ohio
$21K +$19.8K +87 New
Wells Fargo
94
Wells Fargo
California
$21K +$20.5K +90 New
BlackRock
95
BlackRock
New York
$19K +$18.7K +82 New
Envestnet Asset Management
96
Envestnet Asset Management
Illinois
$17K +$16.2K +71 New
KTC
97
Kistler-Tiffany Companies
Pennsylvania
$16K +$15.9K +70 New
PNC Financial Services Group
98
PNC Financial Services Group
Pennsylvania
$15K +$14.6K +64 New
BC
99
Bartlett & Co
Ohio
$10K +$9.79K +43 New
Bank of Montreal
100
Bank of Montreal
Ontario, Canada
$5K +$4.33K +19 New