ALLIANCE DATA SYSTEMS CORP

Ticker: BFH CUSIP: 018581108 Class: Common Stock

TWO SIGMA INVESTMENTS, LP's Holding History (CIK: 0001179392)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 64,489 Value ($000) $4,774 Avg Close $65.65 Range $53.64 - $78.98

Q3 2025

Shares 92,300 Value ($000) $5,148 Avg Close $61.40 Range $55.09 - $67.77

Q2 2025

Shares 75,217 Value ($000) $4,296 Avg Close $49.95 Range $37.78 - $57.39

Q1 2025

Shares 145,000 Value ($000) $7,262 Avg Close $56.06 Range $44.10 - $64.93

Q4 2024

Shares 255,033 Value ($000) $15,572 Avg Close $55.63 Range $44.63 - $65.73

Q3 2024

Shares 279,396 Value ($000) $13,294 Avg Close $49.90 Range $41.79 - $58.58

Q2 2024

Shares 330,574 Value ($000) $14,730 Avg Close $38.26 Range $31.21 - $44.44

Q1 2024

Shares 295,103 Value ($000) $10,990 Avg Close $34.43 Range $27.06 - $39.73

Q4 2023

Shares 306,117 Value ($000) $10,083 Avg Close $28.77 Range $25.01 - $33.99

Q3 2023

Shares 187,275 Value ($000) $6,405 Avg Close $35.08 Range $29.03 - $39.97

Q2 2023

Shares 91,492 Value ($000) $2,872 Avg Close $27.32 Range $21.95 - $31.41

Q1 2023

Shares 8,500 Value ($000) $258 Avg Close $35.36 Range $25.23 - $41.92

Q4 2022

Shares 38,059 Value ($000) $1,433 Avg Close $33.92 Range $27.01 - $40.72

Q3 2021

Shares 28,154 Value ($000) $2,840 Avg Close $71.21 Range $64.26 - $79.86

Q2 2021

Shares 203,934 Value ($000) $21,248 Avg Close $83.21 Range $74.35 - $94.15

Q1 2021

Shares 235,106 Value ($000) $26,353 Avg Close $65.89 Range $47.75 - $88.94

Q4 2020

Shares 383,798 Value ($000) $28,439 Avg Close $46.01 Range $30.70 - $62.58

Q3 2020

Shares 56,806 Value ($000) $2,385 Avg Close $32.41 Range $28.22 - $36.91

Q2 2020

Shares 53,349 Value ($000) $2,407 Avg Close $32.27 Range $18.52 - $48.11

Q4 2019

Shares 55,313 Value ($000) $6,206 Avg Close $79.21 Range $70.79 - $93.42

Q2 2019

Shares 17,563 Value ($000) $2,461 Avg Close $107.33 Range $94.83 - $129.34

Q1 2018

Shares 15,382 Value ($000) $3,274 Avg Close $170.90 Range $143.68 - $194.05

Q4 2017

Shares 1,467 Value ($000) $372 Avg Close $161.71 Range $149.81 - $177.64

Q2 2017

Shares 25,059 Value ($000) $6,432 Avg Close $172.65 Range $161.57 - $184.41

Q2 2015

Shares 1,653 Value ($000) $483 Avg Close $206.58 Range $199.46 - $215.06

Q3 2014

Shares 132,891 Value ($000) $32,993 Avg Close $181.41 Range $165.31 - $198.97

Q3 2013

Shares 27,256 Value ($000) $5,764 Avg Close $136.89 Range $118.07 - $151.66

Q2 2013

Shares 50,627 Value ($000) $9,165 Avg Close $118.19 Range $105.32 - $127.74

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	64,489	$4,774	$65.65	$53.64 - $78.98
Q3 2025	92,300	$5,148	$61.40	$55.09 - $67.77
Q2 2025	75,217	$4,296	$49.95	$37.78 - $57.39
Q1 2025	145,000	$7,262	$56.06	$44.10 - $64.93
Q4 2024	255,033	$15,572	$55.63	$44.63 - $65.73
Q3 2024	279,396	$13,294	$49.90	$41.79 - $58.58
Q2 2024	330,574	$14,730	$38.26	$31.21 - $44.44
Q1 2024	295,103	$10,990	$34.43	$27.06 - $39.73
Q4 2023	306,117	$10,083	$28.77	$25.01 - $33.99
Q3 2023	187,275	$6,405	$35.08	$29.03 - $39.97
Q2 2023	91,492	$2,872	$27.32	$21.95 - $31.41
Q1 2023	8,500	$258	$35.36	$25.23 - $41.92
Q4 2022	38,059	$1,433	$33.92	$27.01 - $40.72
Q3 2021	28,154	$2,840	$71.21	$64.26 - $79.86
Q2 2021	203,934	$21,248	$83.21	$74.35 - $94.15
Q1 2021	235,106	$26,353	$65.89	$47.75 - $88.94
Q4 2020	383,798	$28,439	$46.01	$30.70 - $62.58
Q3 2020	56,806	$2,385	$32.41	$28.22 - $36.91
Q2 2020	53,349	$2,407	$32.27	$18.52 - $48.11
Q4 2019	55,313	$6,206	$79.21	$70.79 - $93.42
Q2 2019	17,563	$2,461	$107.33	$94.83 - $129.34
Q1 2018	15,382	$3,274	$170.90	$143.68 - $194.05
Q4 2017	1,467	$372	$161.71	$149.81 - $177.64
Q2 2017	25,059	$6,432	$172.65	$161.57 - $184.41
Q2 2015	1,653	$483	$206.58	$199.46 - $215.06
Q3 2014	132,891	$32,993	$181.41	$165.31 - $198.97
Q3 2013	27,256	$5,764	$136.89	$118.07 - $151.66
Q2 2013	50,627	$9,165	$118.19	$105.32 - $127.74