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Type	Result	AUM ($B)

Form 13F Holdings
Firm	Period	DFND	Voting	Shares
Biglari Capital Corp	[2025-06-30]	DFND	4,000,000	4,000,000
BlackRock, Inc.	[2025-06-30]	SOLE	2,232,167	2,293,712
Dimensional Fund Advisors LP	[2025-06-30]	SOLE	1,978,894	2,012,365
LSV Asset Management	[2025-06-30]	SOLE	876,304	1,560,052
Vanguard Group Inc	[2025-06-30]	SOLE	0	1,364,188
William Blair Investment Management LLC	[2025-06-30]	SOLE	881,198	1,242,563
Divisadero Street Capital Management LP	[2025-06-30]	SOLE	1,231,087	1,231,087
Portolan Capital Management LLC	[2025-06-30]	SOLE	751,012	751,012
First Eagle Investment Management LLC	[2025-06-30]	SOLE	726,393	726,393
Tieton Capital Management LLC	[2025-06-30]	SOLE	629,990	629,990
Hotchkis & Wiley Capital Management LLC	[2025-06-30]	SOLE	519,890	618,990
Geode Capital Management LLC	[2025-06-30]	DFND	615,280	615,280
Arrowstreet Capital Limited Partnership	[2025-06-30]	DFND	601,458	601,458
State Street Corp	[2025-06-30]	DFND	533,112	566,312
Biglari Sardar	[2025-06-30]	DFND	489,247	489,247
Nuveen, LLC	[2025-06-30]	DFND	467,842	467,842
Bridgeway Capital Management LLC	[2025-06-30]	SOLE	365,249	365,249
Renaissance Technologies LLC	[2025-06-30]	SOLE	363,000	363,000
Rodgers Brothers Inc	[2025-06-30]	SOLE	336,180	336,180
Hillsdale Investment Management Inc	[2025-06-30]	SOLE	298,196	298,196
Morgan Stanley	[2025-06-30]	DFND	86,757	243,351
Bank of America Corp /DE/	[2025-06-30]	DFND	3,813	227,281
Prudential Financial Inc	[2025-06-30]	DFND	217,980	225,440
Empowered Funds LLC	[2025-06-30]	OTR	206,949	206,949
Charles Schwab Investment Management Inc	[2025-06-30]	SOLE	199,495	199,495
Ameriprise Financial Inc	[2025-06-30]	DFND	0	191,805
Fund 1 Investments, LLC	[2025-06-30]	DFND	189,444	189,444
AQR Capital Management LLC	[2025-06-30]	DFND	187,285	187,287
Northern Trust Corp	[2025-06-30]	DFND	183,243	183,243
Millennium Management LLC	[2025-06-30]	SOLE	179,931	179,931
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