BIGLARI HLDGS INC

Ticker: BH CUSIP: 08986R309 Class: Common Stock

AlphaQuest LLC's Holding History (CIK: 0001883897)

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

Q4 2025

Shares 961 Value ($000) $319 Avg Close $335.75 Range $266.53 - $381.83

Q3 2025

Shares 94 Value ($000) $30 Avg Close $305.30 Range $273.39 - $332.90

Q2 2025

Shares 519 Value ($000) $152 Avg Close $242.69 Range $195.05 - $296.40

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	961	$319	$335.75	$266.53 - $381.83
Q3 2025	94	$30	$305.30	$273.39 - $332.90
Q2 2025	519	$152	$242.69	$195.05 - $296.40