BIGLARI HLDGS INC

Ticker: BH CUSIP: 08986R309 Class: Common Stock

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP's Holding History (CIK: 0001164508)

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

Q4 2025

Shares 25,048 Value ($000) $8,327 Avg Close $335.75 Range $266.53 - $381.83

Q3 2025

Shares 14,625 Value ($000) $4,733 Avg Close $305.30 Range $273.39 - $332.90

Q2 2025

Shares 14,167 Value ($000) $4,140 Avg Close $242.69 Range $195.05 - $296.40

Q1 2025

Shares 14,538 Value ($000) $3,148 Avg Close $227.91 Range $207.00 - $269.00

Q4 2024

Shares 13,256 Value ($000) $3,371 Avg Close $201.43 Range $164.62 - $271.35

Q3 2024

Shares 7,652 Value ($000) $1,316 Avg Close $181.92 Range $159.69 - $202.00

Q2 2024

Shares 7,652 Value ($000) $1 Avg Close $196.52 Range $180.00 - $219.00

Q1 2024

Shares 7,652 Value ($000) $1 Avg Close $168.81 Range $145.95 - $206.97

Q4 2023

Shares 7,652 Value ($000) $1 Avg Close $154.20 Range $137.01 - $183.50

Q3 2023

Shares 7,652 Value ($000) $1 Avg Close $188.29 Range $164.00 - $207.47

Q2 2023

Shares 7,267 Value ($000) $1 Avg Close $187.17 Range $163.15 - $218.50

Q1 2023

Shares 6,758 Value ($000) $1 Avg Close $165.20 Range $137.84 - $184.21

Q1 2022

Shares 4,053 Value ($000) $586 Avg Close $134.15 Range $110.56 - $167.39

Q4 2021

Shares 13,090 Value ($000) $1,866 Avg Close $155.03 Range $139.74 - $176.72

Q3 2021

Shares 16,291 Value ($000) $2,799 Avg Close $168.23 Range $154.23 - $184.00

Q2 2021

Shares 16,291 Value ($000) $2,598 Avg Close $153.92 Range $130.19 - $188.50

Q1 2021

Shares 16,291 Value ($000) $2,163 Avg Close $125.66 Range $106.00 - $155.00

Q4 2020

Shares 16,731 Value ($000) $1,860 Avg Close $102.71 Range $81.00 - $135.00

Q3 2020

Shares 16,821 Value ($000) $1,497 Avg Close $82.08 Range $56.99 - $105.00

Q2 2020

Shares 16,821 Value ($000) $1,160 Avg Close $64.35 Range $46.05 - $94.70

Q1 2020

Shares 18,326 Value ($000) $942 Avg Close $98.25 Range $37.85 - $124.99

Q4 2019

Shares 17,876 Value ($000) $2,045 Avg Close $101.93 Range $80.90 - $118.90

Q3 2019

Shares 3,806 Value ($000) $415 Avg Close $98.94 Range $83.02 - $116.39

Q2 2019

Shares 3,153 Value ($000) $327 Avg Close $119.43 Range $88.55 - $165.65

Q1 2019

Shares 3,881 Value ($000) $549 Avg Close $131.48 Range $112.51 - $146.00

Q4 2018

Shares 1,880 Value ($000) $214 Avg Close $147.51 Range $111.00 - $184.45

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	25,048	$8,327	$335.75	$266.53 - $381.83
Q3 2025	14,625	$4,733	$305.30	$273.39 - $332.90
Q2 2025	14,167	$4,140	$242.69	$195.05 - $296.40
Q1 2025	14,538	$3,148	$227.91	$207.00 - $269.00
Q4 2024	13,256	$3,371	$201.43	$164.62 - $271.35
Q3 2024	7,652	$1,316	$181.92	$159.69 - $202.00
Q2 2024	7,652	$1	$196.52	$180.00 - $219.00
Q1 2024	7,652	$1	$168.81	$145.95 - $206.97
Q4 2023	7,652	$1	$154.20	$137.01 - $183.50
Q3 2023	7,652	$1	$188.29	$164.00 - $207.47
Q2 2023	7,267	$1	$187.17	$163.15 - $218.50
Q1 2023	6,758	$1	$165.20	$137.84 - $184.21
Q1 2022	4,053	$586	$134.15	$110.56 - $167.39
Q4 2021	13,090	$1,866	$155.03	$139.74 - $176.72
Q3 2021	16,291	$2,799	$168.23	$154.23 - $184.00
Q2 2021	16,291	$2,598	$153.92	$130.19 - $188.50
Q1 2021	16,291	$2,163	$125.66	$106.00 - $155.00
Q4 2020	16,731	$1,860	$102.71	$81.00 - $135.00
Q3 2020	16,821	$1,497	$82.08	$56.99 - $105.00
Q2 2020	16,821	$1,160	$64.35	$46.05 - $94.70
Q1 2020	18,326	$942	$98.25	$37.85 - $124.99
Q4 2019	17,876	$2,045	$101.93	$80.90 - $118.90
Q3 2019	3,806	$415	$98.94	$83.02 - $116.39
Q2 2019	3,153	$327	$119.43	$88.55 - $165.65
Q1 2019	3,881	$549	$131.48	$112.51 - $146.00
Q4 2018	1,880	$214	$147.51	$111.00 - $184.45