| 1 | BIGLARI CAPITAL CORP. | $64.1M | 3.8M | Trimmed |
| 2 | BlackRock, Inc. | $41.7M | 2.5M | Added |
| 3 | DIMENSIONAL FUND ADVISORS LP | $34.8M | 2.0M | Added |
| 4 | VANGUARD GROUP INC | $26.8M | 1.6M | Added |
| 5 | LSV ASSET MANAGEMENT | $25.0M | 1.5M | Added |
| 6 | GOLDMAN SACHS GROUP INC | $21.3M | 1.3M | Added |
| 7 | Tieton Capital Management, LLC | $17.5M | 1.0M | Trimmed |
| 8 | First Eagle Investment Management, LLC | $16.9M | 995,799 | Added |
| 9 | TWO SIGMA INVESTMENTS, LP | $15.4M | 906,685 | Added |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | $15.1M | 887,623 | Added |
| 11 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $12.4M | 729,890 | Added |
| 12 | Hillsdale Investment Management Inc. | $11.1M | 656,096 | Added |
| 13 | STATE STREET CORP | $10.7M | 628,223 | Added |
| 14 | BIGLARI, SARDAR | $8.3M | 489,247 | Hold |
| 15 | MONIMUS CAPITAL MANAGEMENT, LP | $7.7M | 455,982 | Added |
| 16 | PRUDENTIAL FINANCIAL INC | $7.6M | 449,926 | Trimmed |
| 17 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | $7.3M | 428,716 | Added |
| 18 | Archon Capital Management LLC | $7.1M | 420,690 | Added |
| 19 | RENAISSANCE TECHNOLOGIES LLC | $7.1M | 418,400 | Added |
| 20 | Divisadero Street Capital Management, LP | $7.0M | 409,925 | Trimmed |
| 21 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $6.3M | 371,373 | Trimmed |
| 22 | Rodgers Brothers Inc. | $6.0M | 352,300 | Trimmed |
| 23 | UBS Group AG | $5.7M | 336,592 | Added |
| 24 | MORGAN STANLEY | $5.4M | 316,183 | Added |
| 25 | Assenagon Asset Management S.A. | $5.1M | 301,505 | Added |