| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | BIGLARI CAPITAL CORP. | 4,000,0004.0M | $55M | 13.35% | — |
| 2 | BlackRock, Inc. | 2,284,2252.3M | $32M | 7.63% | ADD 4% |
| 3 | DIMENSIONAL FUND ADVISORS LP | 2,013,3732.0M | $28M | 6.72% | — |
| 4 | LSV ASSET MANAGEMENT | 1,456,8521.5M | $20M | 4.86% | — |
| 5 | GOLDMAN SACHS GROUP INC | 1,091,1191.1M | $15M | 3.64% | ADD 5% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 1,090,1941.1M | $15M | 3.64% | NEW† |
| 7 | Tieton Capital Management, LLC | 1,057,4821.1M | $15M | 3.53% | ADD 24% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 667,716667,716 | $9M | 2.23% | ADD 2% |
| 9 | TWO SIGMA INVESTMENTS, LP | 642,108642,108 | $9M | 2.14% | ADD 214% |
| 10 | SEI INVESTMENTS CO | 635,468635,468 | $9M | 2.12% | ADD 204% |
| 11 | STATE STREET CORP | 606,308606,308 | $8M | 2.02% | ADD 6% |
| 12 | Hillsdale Investment Management Inc. | 583,796583,796 | $8M | 1.95% | ADD 2% |
| 13 | First Eagle Investment Management, LLC | 575,293575,293 | $8M | 1.92% | ADD 5% |
| 14 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 555,084555,084 | $8M | 1.85% | TRIM -7% |
| 15 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 525,463525,463 | $7M | 1.75% | TRIM -19% |
| 16 | MARSHALL WACE, LLP | 525,188525,188 | $7M | 1.75% | NEW |
| 17 | PRUDENTIAL FINANCIAL INC | 518,896518,896 | $7M | 1.73% | ADD 20% |
| 18 | BIGLARI, SARDAR | 489,247489,247 | $7M | 1.63% | — |
| 19 | MONIMUS CAPITAL MANAGEMENT, LP | 438,269438,269 | $6M | 1.46% | ADD 117% |
| 20 | Divisadero Street Capital Management, LP | 432,295432,295 | $6M | 1.44% | TRIM -38% |
| 21 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | 424,245424,245 | $6M | 1.42% | ADD 14% |
| 22 | Fund 1 Investments, LLC | 407,341407,341 | $6M | 1.36% | TRIM -45% |
| 23 | Rodgers Brothers Inc. | 361,550361,550 | $5M | 1.21% | — |
| 24 | RENAISSANCE TECHNOLOGIES LLC | 306,200306,200 | $4M | 1.02% | TRIM -3% |
| 25 | JANE STREET GROUP, LLC | 285,948285,948 | $4M | 0.95% | ADD 80% |
| 26 | Empowered Funds, LLC | 247,098247,098 | $3M | 0.82% | NEW |
| 27 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 217,011217,011 | $3M | 0.72% | — |
| 28 | D. E. Shaw & Co., Inc. | 206,841206,841 | $3M | 0.69% | ADD 37% |
| 29 | VANGUARD PORTFOLIO MANAGEMENT LLC | 205,463205,463 | $3M | 0.69% | NEW |
| 30 | NORTHERN TRUST CORP | 203,659203,659 | $3M | 0.68% | ADD 6% |
| 31 | BANK OF AMERICA CORP /DE/ | 189,123189,123 | $3M | 0.63% | TRIM -18% |
| 32 | MORGAN STANLEY | 182,705182,705 | $3M | 0.61% | TRIM -11% |
| 33 | AQR CAPITAL MANAGEMENT LLC | 166,300166,300 | $2M | 0.56% | ADD 8% |
| 34 | VANGUARD FIDUCIARY TRUST CO | 165,534165,534 | $2M | 0.55% | NEW |
| 35 | Assenagon Asset Management S.A. | 152,767152,767 | $2M | 0.51% | ADD 648% |
| 36 | Universal- Beteiligungs- und Servicegesellschaft mbH | 120,100120,100 | $2M | 0.40% | ADD 21% |
| 37 | Creative Planning | 114,509114,509 | $2M | 0.38% | ADD 56% |
| 38 | Archon Capital Management LLC | 114,502114,502 | $2M | 0.38% | TRIM -36% |
| 39 | LAZARD ASSET MANAGEMENT LLC | 110,667110,667 | $2M | 0.37% | — |
| 40 | Bank of New York Mellon Corp | 95,66195,661 | $1M | 0.32% | TRIM -3% |
| 41 | Balyasny Asset Management L.P. | 85,84185,841 | $1M | 0.29% | NEW |
| 42 | CITADEL ADVISORS LLC | 85,73485,734 | $1M | 0.29% | NEW |
| 43 | Informed Momentum Co LLC | 83,46983,469 | $1M | 0.28% | NEW |
| 44 | BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 74,17974,179 | $1M | 0.25% | — |
| 45 | Point72 Asset Management, L.P. | 73,59173,591 | $1M | 0.25% | NEW |
| 46 | Janney Montgomery Scott LLC | 70,05970,059 | $971,000 | 0.23% | — |
| 47 | SummerHaven Investment Management, LLC | 69,74169,741 | $966,610 | 0.23% | TRIM -9% |
| 48 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 69,40069,400 | $962,000 | 0.23% | TRIM -24% |
| 49 | Campbell & CO Investment Adviser LLC | 64,60064,600 | $895,356 | 0.22% | TRIM -33% |
| 50 | Boston Partners | 58,69158,691 | $813,460 | 0.20% | ADD 4% |
| 51 | Quantinno Capital Management LP | 58,50958,509 | $810,935 | 0.20% | ADD 74% |
| 52 | Sanctuary Advisors, LLC | 56,92456,924 | $788,967 | 0.19% | NEW |
| 53 | Invesco Ltd. | 53,41953,419 | $740,387 | 0.18% | — |
| 54 | UBS Group AG | 52,15552,155 | $722,868 | 0.17% | TRIM -32% |
| 55 | AMERICAN CENTURY COMPANIES INC | 48,34848,348 | $670,103 | 0.16% | TRIM -16% |
| 56 | GABELLI FUNDS LLC | 47,10147,101 | $652,820 | 0.16% | — |
| 57 | Nuveen, LLC | 46,37546,375 | $642,757 | 0.15% | TRIM -89% |
| 58 | Dynamic Technology Lab Private Ltd | 46,16046,160 | $639,778 | 0.15% | NEW |
| 59 | AMERIPRISE FINANCIAL INC | 46,11546,115 | $639,154 | 0.15% | TRIM -55% |
| 60 | BARCLAYS PLC | 40,75440,754 | $564,850 | 0.14% | TRIM -49% |
| 61 | FULLER & THALER ASSET MANAGEMENT, INC. | 38,89438,894 | $539,071 | 0.13% | TRIM -50% |
| 62 | DEUTSCHE BANK AG\ | 38,65438,654 | $535,745 | 0.13% | ADD 105% |
| 63 | STATE OF WISCONSIN INVESTMENT BOARD | 38,06338,063 | $527,553 | 0.13% | ADD 7% |
| 64 | Lotus Technology Management, LP | 37,73537,735 | $523,007 | 0.13% | NEW |
| 65 | RHUMBLINE ADVISERS | 35,37835,378 | $490,331 | 0.12% | — |
| 66 | Trexquant Investment LP | 34,65334,653 | $480,291 | 0.12% | TRIM -71% |
| 67 | STIFEL FINANCIAL CORP | 33,55033,550 | $465,003 | 0.11% | TRIM -41% |
| 68 | MILLENNIUM MANAGEMENT LLC | 32,25232,252 | $447,013 | 0.11% | NEW |
| 69 | Watershed Asset Management, L.L.C. | 29,44129,441 | $408,052 | 0.10% | TRIM -37% |
| 70 | FEDERATED HERMES, INC. | 27,52527,525 | $381,497 | 0.09% | — |
| 71 | HSBC HOLDINGS PLC | 27,40527,405 | $378,737 | 0.09% | TRIM -31% |
| 72 | Engineers Gate Manager LP | 27,07627,076 | $375,273 | 0.09% | NEW |
| 73 | Scientech Research LLC | 22,97922,979 | $318,489 | 0.08% | NEW |
| 74 | ALGERT GLOBAL LLC | 20,80020,800 | $288,288 | 0.07% | NEW |
| 75 | ALLIANCEBERNSTEIN L.P. | 27,43027,430 | $286,918 | 0.09% | — |
| 76 | PRICE T ROWE ASSOCIATES INC /MD/ | 19,58319,583 | $272,000 | 0.07% | ADD 40% |
| 77 | WELLS FARGO & COMPANY/MN | 18,91718,917 | $262,190 | 0.06% | TRIM -58% |
| 78 | Vanguard Global Advisers, LLC | 18,69718,697 | $259,140 | 0.06% | NEW |
| 79 | Schonfeld Strategic Advisors LLC | 18,44418,444 | $255,633 | 0.06% | NEW |
| 80 | FRANKLIN RESOURCES INC | 17,74017,740 | $245,876 | 0.06% | ADD 3% |
| 81 | CANADA PENSION PLAN INVESTMENT BOARD | 16,60016,600 | $230,076 | 0.06% | — |
| 82 | BAILARD, INC. | 16,00016,000 | $221,760 | 0.05% | TRIM -20% |
| 83 | Brevan Howard Capital Management LP | 15,53015,530 | $215,246 | 0.05% | NEW |
| 84 | MetLife Investment Management, LLC | 15,29515,295 | $211,989 | 0.05% | TRIM -3% |
| 85 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 13,34113,341 | $184,906 | 0.04% | ADD 2% |
| 86 | OCCUDO QUANTITATIVE STRATEGIES LP | 13,52213,522 | $182,817 | 0.05% | NEW |
| 87 | POLEN CAPITAL MANAGEMENT LLCtracked | 13,13213,132 | $182,010 | 0.04% | NEW |
| 88 | Semanteon Capital Management, LP | 12,25312,253 | $169,827 | 0.04% | NEW |
| 89 | LEVEL FOUR ADVISORY SERVICES, LLC | 11,97211,972 | $165,932 | 0.04% | TRIM -12% |
| 90 | Squarepoint Ops LLC | 11,81411,814 | $163,742 | 0.04% | TRIM -66% |
| 91 | JPMORGAN CHASE & CO | 11,73411,734 | $161,929 | 0.04% | TRIM -7% |
| 92 | MERCER GLOBAL ADVISORS INC /ADV | 11,13611,136 | $154,345 | 0.04% | NEW |
| 93 | EVERGREEN CAPITAL MANAGEMENT LLC | 11,01111,011 | $152,613 | 0.04% | ADD 7% |
| 94 | PRELUDE CAPITAL MANAGEMENT, LLC | 10,90010,900 | $151,074 | 0.04% | NEW |
| 95 | Quinn Opportunity Partners LLC | 10,00010,000 | $138,600 | 0.03% | — |
| 96 | SG Americas Securities, LLC | 7,4877,487 | $104,000 | 0.02% | TRIM -39% |
| 97 | Walleye Capital LLC | 7,4107,410 | $102,703 | 0.02% | NEW |
| 98 | Blue Trust, Inc. | 6,5656,565 | $90,995 | 0.02% | TRIM -6% |
| 99 | NEW YORK STATE COMMON RETIREMENT FUND | 6,5356,535 | $90,575 | 0.02% | — |
| 100 | OSAIC HOLDINGS, INC. | 6,4076,407 | $88,802 | 0.02% | ADD 10% |
† NEW this big is usually a rename.
Ranked by each filer’s own reported value, not shares.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | +1,090,194 | $15M | OPEN |
| MARSHALL WACE, LLP | +525,188 | $7M | OPEN |
| TWO SIGMA INVESTMENTS, LP | +437,571 | $6M | ADD |
| SEI INVESTMENTS CO | +426,320 | $6M | ADD |
| Empowered Funds, LLC | +247,098 | $3M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| VANGUARD GROUP INC | −1,455,344 | $20M | CLOSE |
| Nuveen, LLC | −371,574 | $5M | TRIM |
| Fund 1 Investments, LLC | −337,799 | $5M | TRIM |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | −329,208 | $5M | CLOSE |
| Divisadero Street Capital Management, LP | −260,370 | $4M | TRIM |
Prior quarter split-rebased · 13Fs are long, US-listed only.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| BIGLARI CAPITAL CORP. | 4.0M | 4.0M | 4.0M | 4.0M | 4.0M | 4.0M | $55M |
| BlackRock, Inc. | 2.3M | 2.4M | 2.3M | 2.3M | 2.2M | 2.3M | $32M |
| DIMENSIONAL FUND ADVISORS LP | 2.2M | 2.1M | 2.1M | 2.0M | 2.0M | 2.0M | $28M |
| LSV ASSET MANAGEMENT | 1.5M | 1.6M | 1.6M | 1.5M | 1.5M | 1.5M | $20M |
| GOLDMAN SACHS GROUP INC | 695K | 238K | 59K | 535K | 1.0M | 1.1M | $15M |
| VANGUARD CAPITAL MANAGEMENT LLC | — | — | — | — | — | 1.1M | $15M |
| Tieton Capital Management, LLC | — | 515K | 630K | 853K | 853K | 1.1M | $15M |
| GEODE CAPITAL MANAGEMENT, LLC | 583K | 595K | 615K | 628K | 654K | 668K | $9M |
| TWO SIGMA INVESTMENTS, LP | 128K | 113K | 24K | 214K | 205K | 642K | $9M |
| SEI INVESTMENTS CO | 14K | 14K | 18K | 20K | 209K | 635K | $9M |
| STATE STREET CORP | 605K | 590K | 566K | 560K | 574K | 606K | $8M |
| Hillsdale Investment Management Inc. | 383K | 396K | 298K | 359K | 571K | 584K | $8M |
| First Eagle Investment Management, LLC | 453K | 620K | 726K | 742K | 548K | 575K | $8M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 619K | 620K | 601K | 590K | 596K | 555K | $8M |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 584K | 576K | 619K | 631K | 652K | 525K | $7M |
Green = added, red = trimmed, grey = held; a dash is a quarter with no 13F on file — a gap, not an exit.
Breaks = no 13F that quarter.
Short interest has its own tab now — open SI →
SEC Form 13F · ~10,250 filers, 10y · long-only, US-listed, filed ≤45d after quarter-end.
“Item 4 of the Schedule 13D is hereby amended and supplemented as follows: The information set forth in Item 5(c) of this Amendment No. 2 is incorporated by reference into this Item 4. The Reporting Persons may, at any time, and subject to compliance with applicable securities laws and regulatory requirements, dispose of or distribute some or all of their remaining Shares of common stock or other securities of the Issuer depending on various factors, including, but not limited to, the price of th”
SEC Schedule 13D/G XML · group aggregate.