HEARTLAND ADVISORS INC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COO	COOPER COS INC	187,263	$15,348	0.8%	$74.85	0.0%	COM	216648501
HSIC	HENRY SCHEIN INC	120,000	$9,070	0.5%	$70.36	0.0%	COM	806407102
MOH	MOLINA HEALTHCARE INC	40,805	$7,081	0.4%	$164.37	0.0%	COM	60855R100
NEOG	NEOGEN CORP	1,000,000	$6,990	0.4%	$6.29	0.0%	COM	640491106
RNST	RENASANT CORP	187,584	$6,607	0.4%	$35.43	0.0%	COM	75970E107
HUM	HUMANA INC	23,888	$6,118	0.3%	$261.32	0.0%	COM	444859102
ICHR	ICHOR HOLDINGS	300,000	$5,529	0.3%	$18.54	0.0%	SHS	G4740B105
SUI	SUN CMNTYS INC	42,367	$5,250	0.3%	$123.91	—	COM	866674104
WCC	WESCO INTL INC	21,402	$5,236	0.3%	$244.94	0.0%	COM	95082P105
BMRC	BANK MARIN BANCORP	199,570	$5,191	0.3%	$25.39	0.0%	COM	063425102
MKTX	MARKETAXESS HLDGS INC	28,421	$5,151	0.3%	$169.50	0.0%	COM	57060D108
KMI	KINDER MORGAN INC DEL	182,040	$5,004	0.3%	$26.91	0.0%	COM	49456B101
ARCB	ARCBEST CORP	60,000	$4,451	0.2%	$71.00	0.0%	COM	03937C105
UL	UNILEVER PLC	59,791	$3,910	0.2%	$65.40	—	SPON ADR NEW	904767803
TTI	TETRA TECHNOLOGIES INC DEL	363,150	$3,403	0.2%	$7.72	0.0%	COM	88162F105
AQN	ALGONQUIN PWR UTILS CORP	500,000	$3,075	0.2%	$5.94	0.0%	COM	015857105
WH	WYNDHAM HOTELS & RESORTS INC	37,612	$2,842	0.2%	$75.40	0.0%	COM	98311A105
CSL	CARLISLE COS INC	8,289	$2,651	0.1%	$322.65	0.0%	COM	142339100
KEYS	KEYSIGHT TECHNOLOGIES INC	12,000	$2,438	0.1%	$185.56	0.0%	COM	49338L103
ELV	ELEVANCE HEALTH INC FORMERLY	6,686	$2,344	0.1%	$336.70	0.0%	COM	036752103
PARK	PARK DENTAL PARTNERS INC	152,500	$2,251	0.1%	$13.71	0.0%	COM	700402100
XLP	SELECT SECTOR SPDR TR	28,158	$2,187	0.1%	$77.68	—	STATE STREET CON	81369Y308
ICLR	ICON PLC	8,058	$1,468	0.1%	$178.08	0.0%	SHS	G4705A100
XLE	SELECT SECTOR SPDR TR	29,280	$1,309	0.1%	$44.71	—	STATE STREET ENE	81369Y506
NRC	NATIONAL RESH CORP	50,000	$939	0.1%	$15.09	0.0%	COM NEW	637372202
XLB	SELECT SECTOR SPDR TR	11,018	$500	0.0%	$45.35	—	STATE STREET MAT	81369Y100
IWD	ISHARES TR	2,192	$461	0.0%	$210.34	—	RUS 1000 VAL ETF	464287598
XLF	SELECT SECTOR SPDR TR	6,291	$345	0.0%	$54.77	—	STATE STREET FIN	81369Y605
MICC	MAGNUM ICE CREAM CO NV	13,447	$213	0.0%	$15.68	0.0%	ORD SHS	N5505D105
IWN	ISHARES TR	318	$58	0.0%	$181.21	—	RUS 2000 VAL ETF	464287630
SOLS	SOLSTICE ADVANCED MATLS INC	262	$13	0.0%	$47.08	0.0%	COM SHS	83443Q103

Increased Positions (46)

ITGR INTEGER HLDGS CORP 1.0%

Value ($000) $19,036 (+360.6%) Shares 242,715 (+506.8%) Est. Cost $78.82 Unrealized +1.1%

GMRE GLOBAL MED REIT INC 0.8%

Value ($000) $14,288 (+177.6%) Shares 423,460 (+177.4%) Est. Cost $33.73 Unrealized —

VNOM VIPER ENERGY INC 1.1%

Value ($000) $19,865 (+48.5%) Shares 514,226 (+46.9%) Est. Cost $38.02 Unrealized -0.4%

ECPG ENCORE CAP GROUP INC 1.1%

Value ($000) $20,970 (+43.2%) Shares 385,830 (+10.0%) Est. Cost $43.62 Unrealized +10.5%

KWR QUAKER HOUGHTON 0.9%

Value ($000) $17,037 (+43.1%) Shares 124,078 (+37.3%) Est. Cost $138.67 Unrealized -2.6%

RPRX ROYALTY PHARMA PLC 0.4%

Value ($000) $8,269 (+142.7%) Shares 213,989 (+121.6%) Est. Cost $37.26 Unrealized +2.3%

CMCO COLUMBUS MCKINNON CORP N Y 0.6%

Value ($000) $10,265 (+51.6%) Shares 595,100 (+26.1%) Est. Cost $24.21 Unrealized -34.1%

COLM COLUMBIA SPORTSWEAR CO 0.2%

Value ($000) $4,335 (+211.0%) Shares 78,689 (+195.2%) Est. Cost $54.08 Unrealized -1.5%

NWE NORTHWESTERN ENERGY GROUP IN 0.2%

Value ($000) $4,494 (+186.0%) Shares 69,627 (+159.8%) Est. Cost $58.11 Unrealized +8.1%

ST SENSATA TECHNOLOGIES HLDG PL 0.4%

Value ($000) $6,808 (+74.1%) Shares 204,500 (+59.8%) Est. Cost $31.85 Unrealized +0.4%

INVX INNOVEX INTERNATIONAL INC 0.4%

Value ($000) $6,561 (+76.9%) Shares 300,000 (+50.0%) Est. Cost $18.05 Unrealized +15.6%

NUE NUCOR CORP 0.4%

Value ($000) $7,606 (+59.2%) Shares 46,629 (+32.2%) Est. Cost $142.77 Unrealized +4.9%

BDX BECTON DICKINSON & CO 1.0%

Value ($000) $19,457 (+16.6%) Shares 100,257 (+12.4%) Est. Cost $217.18 Unrealized -12.7%

INGR INGREDION INC 0.3%

Value ($000) $6,066 (+82.9%) Shares 55,015 (+102.6%) Est. Cost $108.00 Unrealized +4.4%

LUV SOUTHWEST AIRLS CO 0.2%

Value ($000) $4,234 (+155.1%) Shares 102,436 (+97.0%) Est. Cost $32.88 Unrealized +5.8%

ASO ACADEMY SPORTS & OUTDOORS IN 0.9%

Value ($000) $16,249 (+18.7%) Shares 325,247 (+18.9%) Est. Cost $50.96 Unrealized -2.9%

GO GROCERY OUTLET HLDG CORP 0.4%

Value ($000) $6,895 (+55.0%) Shares 682,650 (+146.3%) Est. Cost $13.96 Unrealized -9.8%

PRMB PRIMO BRANDS CORPORATION 0.4%

Value ($000) $7,801 (+45.1%) Shares 477,100 (+96.1%) Est. Cost $22.25 Unrealized -17.0%

PKG PACKAGING CORP AMER 0.4%

Value ($000) $8,073 (+39.7%) Shares 39,145 (+47.6%) Est. Cost $149.13 Unrealized +35.7%

BJ BJS WHSL CLUB HLDGS INC 0.2%

Value ($000) $2,895 (+285.8%) Shares 32,155 (+299.6%) Est. Cost $94.41 Unrealized -2.8%

NFGC NEW FOUND GOLD CORP 0.1%

Value ($000) $2,599 (+325.6%) Shares 875,200 (+239.6%) Est. Cost $2.25 Unrealized +9.1%

UGI UGI CORP NEW 0.6%

Value ($000) $11,940 (+19.7%) Shares 319,000 (+6.3%) Est. Cost $23.30 Unrealized +52.0%

EG EVEREST GROUP LTD 0.5%

Value ($000) $8,585 (+19.1%) Shares 25,299 (+22.9%) Est. Cost $341.22 Unrealized -3.2%

CVGW CALAVO GROWERS INC 0.6%

Value ($000) $10,374 (+14.0%) Shares 476,975 (+34.9%) Est. Cost $24.59 Unrealized -10.6%

EGP EASTGROUP PPTYS INC 0.4%

Value ($000) $7,607 (+19.7%) Shares 42,705 (+13.7%) Est. Cost $172.39 Unrealized —

MTDR MATADOR RES CO 0.5%

Value ($000) $8,920 (+16.2%) Shares 210,179 (+23.1%) Est. Cost $51.10 Unrealized -17.8%

GWRS GLOBAL WTR RES INC 0.3%

Value ($000) $5,801 (+25.2%) Shares 686,500 (+52.6%) Est. Cost $10.43 Unrealized -10.7%

ALK ALASKA AIR GROUP INC 0.1%

Value ($000) $2,070 (+98.1%) Shares 41,160 (+96.1%) Est. Cost $41.72 Unrealized +10.8%

STKL SUNOPTA INC 0.4%

Value ($000) $8,163 (+11.5%) Shares 2,148,050 (+72.0%) Est. Cost $5.31 Unrealized -14.5%

PNC PNC FINL SVCS GROUP INC 0.8%

Value ($000) $14,394 (+5.9%) Shares 68,958 (+1.9%) Est. Cost $159.15 Unrealized +21.1%

AMZN AMAZON COM INC 0.2%

Value ($000) $3,620 (+21.7%) Shares 15,685 (+15.8%) Est. Cost $226.68 Unrealized +0.9%

JBSS SANFILIPPO JOHN B & SON INC 0.2%

Value ($000) $4,165 (+17.8%) Shares 59,000 (+7.3%) Est. Cost $64.88 Unrealized +4.8%

PBH PRESTIGE CONSMR HEALTHCARE I 0.2%

Value ($000) $4,626 (+15.2%) Shares 74,991 (+16.5%) Est. Cost $76.94 Unrealized -20.4%

LFUS LITTELFUSE INC 0.4%

Value ($000) $7,448 (+7.2%) Shares 29,450 (+9.8%) Est. Cost $233.53 Unrealized +9.0%

MGY MAGNOLIA OIL & GAS CORP 0.8%

Value ($000) $14,256 (+3.6%) Shares 651,249 (+13.0%) Est. Cost $22.84 Unrealized -0.4%

BLDR BUILDERS FIRSTSOURCE INC 0.3%

Value ($000) $5,505 (-6.0%) Shares 53,508 (+10.8%) Est. Cost $125.50 Unrealized -10.5%

INBK FIRST INTERNET BANCORP 0.3%

Value ($000) $6,023 (-5.4%) Shares 288,595 (+1.7%) Est. Cost $27.87 Unrealized -27.8%

WD WALKER & DUNLOP INC 0.2%

Value ($000) $4,511 (+7.9%) Shares 75,000 (+50.0%) Est. Cost $76.38 Unrealized -7.7%

WSO WATSCO INC 0.8%

Value ($000) $15,214 (+2.2%) Shares 45,151 (+22.6%) Est. Cost $362.21 Unrealized -1.4%

EOG EOG RES INC 0.9%

Value ($000) $16,138 (-1.2%) Shares 153,679 (+5.5%) Est. Cost $113.74 Unrealized -5.7%

EVTC EVERTEC INC 0.4%

Value ($000) $6,909 (+2.3%) Shares 237,500 (+18.8%) Est. Cost $31.29 Unrealized -5.0%

INFU INFUSYSTEM HLDGS INC 0.2%

Value ($000) $4,485 (+1.9%) Shares 500,000 (+17.6%) Est. Cost $11.45 Unrealized -16.4%

MCS MARCUS CORP DEL 0.2%

Value ($000) $3,180 (+2.5%) Shares 205,000 (+2.5%) Est. Cost $13.92 Unrealized +6.8%

OXM OXFORD INDS INC 0.3%

Value ($000) $5,130 (+1.2%) Shares 150,000 (+20.0%) Est. Cost $42.31 Unrealized -12.1%

TIPT TIPTREE INC 0.4%

Value ($000) $7,308 (-0.8%) Shares 400,000 (+4.1%) Est. Cost $14.12 Unrealized +29.0%

PZZA PAPA JOHNS INTL INC 0.3%

Value ($000) $6,024 (+0.1%) Shares 156,500 (+25.2%) Est. Cost $40.96 Unrealized +5.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ITGR	INTEGER HLDGS CORP	242,715 (+506.8%)	$19,036 (+360.6%)	1.0%	$78.82	+1.1%	COM	45826H109
GMRE	GLOBAL MED REIT INC	423,460 (+177.4%)	$14,288 (+177.6%)	0.8%	$33.73	—	COM NEW	37954A303
VNOM	VIPER ENERGY INC	514,226 (+46.9%)	$19,865 (+48.5%)	1.1%	$38.02	-0.4%	CL A	64361Q101
ECPG	ENCORE CAP GROUP INC	385,830 (+10.0%)	$20,970 (+43.2%)	1.1%	$43.62	+10.5%	COM	292554102
KWR	QUAKER HOUGHTON	124,078 (+37.3%)	$17,037 (+43.1%)	0.9%	$138.67	-2.6%	COM	747316107
RPRX	ROYALTY PHARMA PLC	213,989 (+121.6%)	$8,269 (+142.7%)	0.4%	$37.26	+2.3%	SHS CLASS A	G7709Q104
CMCO	COLUMBUS MCKINNON CORP N Y	595,100 (+26.1%)	$10,265 (+51.6%)	0.6%	$24.21	-34.1%	COM	199333105
COLM	COLUMBIA SPORTSWEAR CO	78,689 (+195.2%)	$4,335 (+211.0%)	0.2%	$54.08	-1.5%	COM	198516106
NWE	NORTHWESTERN ENERGY GROUP IN	69,627 (+159.8%)	$4,494 (+186.0%)	0.2%	$58.11	+8.1%	COM NEW	668074305
ST	SENSATA TECHNOLOGIES HLDG PL	204,500 (+59.8%)	$6,808 (+74.1%)	0.4%	$31.85	+0.4%	SHS	G8060N102
INVX	INNOVEX INTERNATIONAL INC	300,000 (+50.0%)	$6,561 (+76.9%)	0.4%	$18.05	+15.6%	COM	457651107
NUE	NUCOR CORP	46,629 (+32.2%)	$7,606 (+59.2%)	0.4%	$142.77	+4.9%	COM	670346105
BDX	BECTON DICKINSON & CO	100,257 (+12.4%)	$19,457 (+16.6%)	1.0%	$217.18	-12.7%	COM	075887109
INGR	INGREDION INC	55,015 (+102.6%)	$6,066 (+82.9%)	0.3%	$108.00	+4.4%	COM	457187102
LUV	SOUTHWEST AIRLS CO	102,436 (+97.0%)	$4,234 (+155.1%)	0.2%	$32.88	+5.8%	COM	844741108
ASO	ACADEMY SPORTS & OUTDOORS IN	325,247 (+18.9%)	$16,249 (+18.7%)	0.9%	$50.96	-2.9%	COM	00402L107
GO	GROCERY OUTLET HLDG CORP	682,650 (+146.3%)	$6,895 (+55.0%)	0.4%	$13.96	-9.8%	COM	39874R101
PRMB	PRIMO BRANDS CORPORATION	477,100 (+96.1%)	$7,801 (+45.1%)	0.4%	$22.25	-17.0%	CLASS A COM SHS	741623102
PKG	PACKAGING CORP AMER	39,145 (+47.6%)	$8,073 (+39.7%)	0.4%	$149.13	+35.7%	COM	695156109
BJ	BJS WHSL CLUB HLDGS INC	32,155 (+299.6%)	$2,895 (+285.8%)	0.2%	$94.41	-2.8%	COM	05550J101
NFGC	NEW FOUND GOLD CORP	875,200 (+239.6%)	$2,599 (+325.6%)	0.1%	$2.25	+9.1%	COM	64440N103
UGI	UGI CORP NEW	319,000 (+6.3%)	$11,940 (+19.7%)	0.6%	$23.30	+52.0%	COM	902681105
EG	EVEREST GROUP LTD	25,299 (+22.9%)	$8,585 (+19.1%)	0.5%	$341.22	-3.2%	COM	G3223R108
CVGW	CALAVO GROWERS INC	476,975 (+34.9%)	$10,374 (+14.0%)	0.6%	$24.59	-10.6%	COM	128246105
EGP	EASTGROUP PPTYS INC	42,705 (+13.7%)	$7,607 (+19.7%)	0.4%	$172.39	—	COM	277276101
MTDR	MATADOR RES CO	210,179 (+23.1%)	$8,920 (+16.2%)	0.5%	$51.10	-17.8%	COM	576485205
GWRS	GLOBAL WTR RES INC	686,500 (+52.6%)	$5,801 (+25.2%)	0.3%	$10.43	-10.7%	COM	379463102
ALK	ALASKA AIR GROUP INC	41,160 (+96.1%)	$2,070 (+98.1%)	0.1%	$41.72	+10.8%	COM	011659109
STKL	SUNOPTA INC	2,148,050 (+72.0%)	$8,163 (+11.5%)	0.4%	$5.31	-14.5%	COM	8676EP108
PNC	PNC FINL SVCS GROUP INC	68,958 (+1.9%)	$14,394 (+5.9%)	0.8%	$159.15	+21.1%	COM	693475105
AMZN	AMAZON COM INC	15,685 (+15.8%)	$3,620 (+21.7%)	0.2%	$226.68	+0.9%	COM	023135106
JBSS	SANFILIPPO JOHN B & SON INC	59,000 (+7.3%)	$4,165 (+17.8%)	0.2%	$64.88	+4.8%	COM	800422107
PBH	PRESTIGE CONSMR HEALTHCARE I	74,991 (+16.5%)	$4,626 (+15.2%)	0.2%	$76.94	-20.4%	COM	74112D101
LFUS	LITTELFUSE INC	29,450 (+9.8%)	$7,448 (+7.2%)	0.4%	$233.53	+9.0%	COM	537008104
MGY	MAGNOLIA OIL & GAS CORP	651,249 (+13.0%)	$14,256 (+3.6%)	0.8%	$22.84	-0.4%	CL A	559663109
BLDR	BUILDERS FIRSTSOURCE INC	53,508 (+10.8%)	$5,505 (-6.0%)	0.3%	$125.50	-10.5%	COM	12008R107
INBK	FIRST INTERNET BANCORP	288,595 (+1.7%)	$6,023 (-5.4%)	0.3%	$27.87	-27.8%	COM	320557101
WD	WALKER & DUNLOP INC	75,000 (+50.0%)	$4,511 (+7.9%)	0.2%	$76.38	-7.7%	COM	93148P102
WSO	WATSCO INC	45,151 (+22.6%)	$15,214 (+2.2%)	0.8%	$362.21	-1.4%	COM	942622200
EOG	EOG RES INC	153,679 (+5.5%)	$16,138 (-1.2%)	0.9%	$113.74	-5.7%	COM	26875P101
EVTC	EVERTEC INC	237,500 (+18.8%)	$6,909 (+2.3%)	0.4%	$31.29	-5.0%	COM	30040P103
INFU	INFUSYSTEM HLDGS INC	500,000 (+17.6%)	$4,485 (+1.9%)	0.2%	$11.45	-16.4%	COM	45685K102
MCS	MARCUS CORP DEL	205,000 (+2.5%)	$3,180 (+2.5%)	0.2%	$13.92	+6.8%	COM	566330106
OXM	OXFORD INDS INC	150,000 (+20.0%)	$5,130 (+1.2%)	0.3%	$42.31	-12.1%	COM	691497309
TIPT	TIPTREE INC	400,000 (+4.1%)	$7,308 (-0.8%)	0.4%	$14.12	+29.0%	COM	88822Q103
PZZA	PAPA JOHNS INTL INC	156,500 (+25.2%)	$6,024 (+0.1%)	0.3%	$40.96	+5.8%	COM	698813102

Exited Positions (15)

LEU CENTRUS ENERGY CORP 0.5%

Value ($000) $8,527 Shares 27,500 Est. Cost $44.09 Unrealized +584.9%

— POTBELLY CORP 0.4%

Value ($000) $6,816 Shares 400,000 Est. Cost $6.89 Unrealized —

CTRA COTERRA ENERGY INC 0.3%

Value ($000) $5,426 Shares 229,423 Est. Cost $25.10 Unrealized +0.0%

— UNILEVER PLC 0.2%

Value ($000) $3,669 Shares 61,897 Est. Cost $58.30 Unrealized —

FDS FACTSET RESH SYS INC 0.2%

Value ($000) $3,498 Shares 12,210 Est. Cost $450.41 Unrealized -37.8%

HRL HORMEL FOODS CORP 0.1%

Value ($000) $2,653 Shares 107,229 Est. Cost $29.03 Unrealized -19.8%

LNN LINDSAY CORP 0.1%

Value ($000) $2,261 Shares 16,089 Est. Cost $120.20 Unrealized -0.3%

ASTL ALGOMA STL GROUP INC 0.1%

Value ($000) $2,133 Shares 600,000 Est. Cost $7.77 Unrealized -48.7%

AR ANTERO RESOURCES CORP 0.1%

Value ($000) $1,620 Shares 48,259 Est. Cost $37.73 Unrealized -10.3%

AVXL ANAVEX LIFE SCIENCES CORP 0.1%

Value ($000) $1,578 Shares 177,350 Est. Cost $7.80 Unrealized -21.5%

NJR NEW JERSEY RES CORP 0.1%

Value ($000) $1,551 Shares 32,204 Est. Cost $43.35 Unrealized +5.7%

PCH POTLATCHDELTIC CORPORATION 0.1%

Value ($000) $1,532 Shares 37,592 Est. Cost $44.39 Unrealized —

OEC ORION S.A. 0.1%

Value ($000) $1,516 Shares 200,000 Est. Cost $19.30 Unrealized -71.9%

VVV VALVOLINE INC 0.1%

Value ($000) $1,342 Shares 37,372 Est. Cost $36.50 Unrealized -12.0%

APAM ARTISAN PARTNERS ASSET MGMT 0.1%

Value ($000) $932 Shares 21,473 Est. Cost $28.22 Unrealized +44.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LEU	CENTRUS ENERGY CORP	27,500	$8,527	0.5%	$44.09	+584.9%	—	15643U104
—	POTBELLY CORP	400,000	$6,816	0.4%	$6.89	—	—	73754Y100
CTRA	COTERRA ENERGY INC	229,423	$5,426	0.3%	$25.10	+0.0%	—	127097103
—	UNILEVER PLC	61,897	$3,669	0.2%	$58.30	—	—	904767704
FDS	FACTSET RESH SYS INC	12,210	$3,498	0.2%	$450.41	-37.8%	—	303075105
HRL	HORMEL FOODS CORP	107,229	$2,653	0.1%	$29.03	-19.8%	—	440452100
LNN	LINDSAY CORP	16,089	$2,261	0.1%	$120.20	-0.3%	—	535555106
ASTL	ALGOMA STL GROUP INC	600,000	$2,133	0.1%	$7.77	-48.7%	—	015658107
AR	ANTERO RESOURCES CORP	48,259	$1,620	0.1%	$37.73	-10.3%	—	03674X106
AVXL	ANAVEX LIFE SCIENCES CORP	177,350	$1,578	0.1%	$7.80	-21.5%	—	032797300
NJR	NEW JERSEY RES CORP	32,204	$1,551	0.1%	$43.35	+5.7%	—	646025106
PCH	POTLATCHDELTIC CORPORATION	37,592	$1,532	0.1%	$44.39	—	—	737630103
OEC	ORION S.A.	200,000	$1,516	0.1%	$19.30	-71.9%	—	L72967109
VVV	VALVOLINE INC	37,372	$1,342	0.1%	$36.50	-12.0%	—	92047W101
APAM	ARTISAN PARTNERS ASSET MGMT	21,473	$932	0.1%	$28.22	+44.3%	—	04316A108

Decreased Positions (104)

PRGO PERRIGO CO PLC 0.2%

Value ($000) $3,118 (-87.1%) Shares 223,983 (-79.4%) Est. Cost $34.42 Unrealized -51.6%

XRAY DENTSPLY SIRONA INC 0.1%

Value ($000) $1,845 (-88.9%) Shares 161,400 (-87.7%) Est. Cost $21.70 Unrealized -45.9%

WTRG ESSENTIAL UTILS INC 0.1%

Value ($000) $1,745 (-88.1%) Shares 45,483 (-87.6%) Est. Cost $38.12 Unrealized +3.2%

CNC CENTENE CORP DEL 0.1%

Value ($000) $2,106 (-84.8%) Shares 51,190 (-86.8%) Est. Cost $69.66 Unrealized -46.3%

SIMO SILICON MOTION TECHNOLOGY CO 1.4%

Value ($000) $25,251 (-25.1%) Shares 272,398 (-23.4%) Est. Cost $62.29 Unrealized —

PLYM PLYMOUTH INDL REIT INC 0.4%

Value ($000) $6,564 (-55.2%) Shares 300,000 (-54.2%) Est. Cost $18.52 Unrealized —

PPG PPG INDS INC 0.2%

Value ($000) $3,881 (-64.4%) Shares 37,881 (-63.5%) Est. Cost $126.51 Unrealized -20.9%

KMB KIMBERLY-CLARK CORP 0.5%

Value ($000) $9,873 (-39.3%) Shares 97,860 (-25.2%) Est. Cost $119.97 Unrealized -9.6%

GBCI GLACIER BANCORP INC NEW 0.9%

Value ($000) $16,366 (-27.5%) Shares 371,528 (-19.9%) Est. Cost $33.25 Unrealized +31.0%

NSA NATIONAL STORAGE AFFILIATES 0.7%

Value ($000) $13,601 (-30.4%) Shares 482,125 (-25.4%) Est. Cost $36.33 Unrealized —

CGAU CENTERRA GOLD INC 1.7%

Value ($000) $31,635 (+22.9%) Shares 2,201,450 (-8.3%) Est. Cost $7.14 Unrealized +75.4%

TFX TELEFLEX INCORPORATED 0.7%

Value ($000) $12,683 (-30.9%) Shares 103,927 (-30.7%) Est. Cost $151.37 Unrealized -20.1%

ARAY ACCURAY INC 0.1%

Value ($000) $2,745 (-67.1%) Shares 3,328,307 (-33.4%) Est. Cost $3.84 Unrealized -67.5%

SNN SMITH & NEPHEW PLC 0.5%

Value ($000) $9,862 (-34.2%) Shares 300,567 (-27.2%) Est. Cost $30.99 Unrealized —

ALGT ALLEGIANT TRAVEL CO 1.0%

Value ($000) $17,675 (+38.7%) Shares 207,280 (-1.2%) Est. Cost $57.36 Unrealized +24.6%

PRIM PRIMORIS SVCS CORP 0.4%

Value ($000) $7,448 (-39.7%) Shares 60,000 (-33.3%) Est. Cost $32.84 Unrealized +297.6%

EGO ELDORADO GOLD CORP NEW 1.4%

Value ($000) $26,343 (+21.9%) Shares 733,375 (-1.9%) Est. Cost $16.26 Unrealized +84.1%

PSA PUBLIC STORAGE OPER CO 1.1%

Value ($000) $21,018 (-17.9%) Shares 80,993 (-8.6%) Est. Cost $248.51 Unrealized +11.6%

MHK MOHAWK INDS INC 1.0%

Value ($000) $19,058 (-18.9%) Shares 174,361 (-4.3%) Est. Cost $106.29 Unrealized +8.0%

TDY TELEDYNE TECHNOLOGIES INC 1.4%

Value ($000) $25,585 (-14.8%) Shares 50,095 (-2.2%) Est. Cost $415.29 Unrealized +26.9%

LDOS LEIDOS HOLDINGS INC 0.4%

Value ($000) $7,888 (-35.9%) Shares 43,726 (-32.9%) Est. Cost $100.13 Unrealized +88.9%

IP INTERNATIONAL PAPER CO 0.0%

Value ($000) $51 (-98.8%) Shares 1,306 (-98.6%) Est. Cost $41.62 Unrealized -1.9%

GTES GATES INDL CORP PLC 0.9%

Value ($000) $15,891 (-21.0%) Shares 740,170 (-8.7%) Est. Cost $18.11 Unrealized +27.4%

FIS FIDELITY NATL INFORMATION SV 0.1%

Value ($000) $1,391 (-74.4%) Shares 20,926 (-74.6%) Est. Cost $71.87 Unrealized -8.7%

SYY SYSCO CORP 0.6%

Value ($000) $11,431 (-25.2%) Shares 155,123 (-16.4%) Est. Cost $73.54 Unrealized +2.7%

BALL BALL CORP 0.4%

Value ($000) $7,399 (-32.5%) Shares 139,679 (-35.8%) Est. Cost $56.28 Unrealized -12.8%

MTRN MATERION CORP 0.3%

Value ($000) $6,323 (-34.9%) Shares 50,859 (-36.8%) Est. Cost $113.18 Unrealized +8.9%

NTRS NORTHERN TR CORP 0.8%

Value ($000) $14,647 (-18.6%) Shares 107,235 (-19.8%) Est. Cost $74.95 Unrealized +74.4%

WTW WILLIS TOWERS WATSON PLC LTD 0.3%

Value ($000) $5,126 (-38.1%) Shares 15,600 (-34.9%) Est. Cost $283.28 Unrealized +15.2%

GNRC GENERAC HLDGS INC 0.2%

Value ($000) $2,921 (-51.8%) Shares 21,423 (-40.8%) Est. Cost $175.19 Unrealized -7.9%

TCBI TEXAS CAP BANCSHARES INC 1.7%

Value ($000) $31,663 (-8.8%) Shares 349,712 (-14.9%) Est. Cost $60.39 Unrealized +45.4%

ADT ADT INC DEL 0.2%

Value ($000) $3,253 (-48.3%) Shares 403,092 (-44.2%) Est. Cost $8.48 Unrealized -2.5%

ESS ESSEX PPTY TR INC 0.4%

Value ($000) $7,027 (-29.5%) Shares 26,855 (-27.8%) Est. Cost $210.67 Unrealized +21.6%

JBHT HUNT J B TRANS SVCS INC 0.9%

Value ($000) $17,605 (+19.5%) Shares 90,588 (-17.5%) Est. Cost $174.97 Unrealized -2.0%

TEL TE CONNECTIVITY PLC 0.6%

Value ($000) $10,986 (-19.9%) Shares 48,290 (-22.7%) Est. Cost $147.15 Unrealized +57.2%

SMTC SEMTECH CORP 0.3%

Value ($000) $4,741 (-34.8%) Shares 64,332 (-36.8%) Est. Cost $40.51 Unrealized +75.2%

AUDC AUDIOCODES LTD 0.4%

Value ($000) $7,279 (-25.7%) Shares 833,800 (-19.0%) Est. Cost $11.61 Unrealized -23.8%

LRCX LAM RESEARCH CORP 0.3%

Value ($000) $5,606 (-30.1%) Shares 32,750 (-45.3%) Est. Cost $78.86 Unrealized +97.0%

NGD NEW GOLD INC CDA 0.3%

Value ($000) $4,791 (-33.3%) Shares 550,000 (-45.0%) Est. Cost $1.40 Unrealized +437.6%

HSY HERSHEY CO 1.0%

Value ($000) $17,684 (-11.8%) Shares 97,178 (-9.3%) Est. Cost $172.25 Unrealized +5.7%

LYFT LYFT INC 0.6%

Value ($000) $10,920 (-16.6%) Shares 563,750 (-5.2%) Est. Cost $14.86 Unrealized +39.9%

NOV NOV INC 0.9%

Value ($000) $17,024 (+14.2%) Shares 1,089,190 (-3.2%) Est. Cost $16.01 Unrealized -7.4%

DHI D R HORTON INC 0.6%

Value ($000) $11,065 (-16.0%) Shares 76,824 (-1.1%) Est. Cost $127.97 Unrealized +18.8%

MTG MGIC INVT CORP WIS 0.9%

Value ($000) $16,803 (-10.9%) Shares 575,035 (-13.5%) Est. Cost $12.47 Unrealized +125.2%

PINE ALPINE INCOME PPTY TR INC 0.4%

Value ($000) $7,763 (-20.9%) Shares 464,320 (-32.9%) Est. Cost $16.04 Unrealized —

AOS SMITH A O CORP 0.5%

Value ($000) $9,466 (-17.1%) Shares 141,543 (-9.0%) Est. Cost $62.72 Unrealized +7.5%

FE FIRSTENERGY CORP 0.7%

Value ($000) $12,962 (-12.9%) Shares 289,522 (-10.9%) Est. Cost $35.54 Unrealized +28.7%

EXC EXELON CORP 0.9%

Value ($000) $17,511 (-9.7%) Shares 401,724 (-6.8%) Est. Cost $39.68 Unrealized +14.6%

RHI ROBERT HALF INC. 0.1%

Value ($000) $2,490 (-41.7%) Shares 91,691 (-27.0%) Est. Cost $61.99 Unrealized -54.0%

GOOGL ALPHABET INC 0.5%

Value ($000) $9,306 (+22.8%) Shares 29,731 (-4.6%) Est. Cost $109.35 Unrealized +161.2%

NWPX NWPX INFRASTRUCTURE INC 0.8%

Value ($000) $15,310 (-10.0%) Shares 245,000 (-23.8%) Est. Cost $22.20 Unrealized +159.7%

HXL HEXCEL CORP NEW 0.7%

Value ($000) $12,289 (+15.8%) Shares 166,287 (-1.8%) Est. Cost $65.34 Unrealized +8.2%

MIDD MIDDLEBY CORP 0.4%

Value ($000) $7,984 (-15.6%) Shares 53,702 (-24.5%) Est. Cost $139.24 Unrealized -5.7%

EPAC ENERPAC TOOL GROUP CORP 0.2%

Value ($000) $4,098 (-25.2%) Shares 107,168 (-19.8%) Est. Cost $19.75 Unrealized +100.4%

MTN VAIL RESORTS INC 0.2%

Value ($000) $4,141 (-24.3%) Shares 31,180 (-14.8%) Est. Cost $194.79 Unrealized -24.4%

HAE HAEMONETICS CORP MASS 0.3%

Value ($000) $6,011 (+28.3%) Shares 75,000 (-22.0%) Est. Cost $68.16 Unrealized -1.4%

ASTE ASTEC INDS INC 0.5%

Value ($000) $9,932 (-11.6%) Shares 229,275 (-1.8%) Est. Cost $39.48 Unrealized +15.4%

CUBI CUSTOMERS BANCORP INC 0.7%

Value ($000) $13,372 (+10.6%) Shares 182,875 (-1.1%) Est. Cost $50.62 Unrealized +35.5%

FOR FORESTAR GROUP INC 0.7%

Value ($000) $12,474 (-9.1%) Shares 506,450 (-1.9%) Est. Cost $20.57 Unrealized +24.0%

XEL XCEL ENERGY INC 0.5%

Value ($000) $8,726 (-12.0%) Shares 118,146 (-3.9%) Est. Cost $71.34 Unrealized +9.7%

DGX QUEST DIAGNOSTICS INC 0.5%

Value ($000) $8,375 (-12.1%) Shares 48,263 (-3.5%) Est. Cost $115.92 Unrealized +57.1%

HUBB HUBBELL INC 0.4%

Value ($000) $7,547 (-12.8%) Shares 16,993 (-15.5%) Est. Cost $374.68 Unrealized +16.7%

PLAB PHOTRONICS INC 0.7%

Value ($000) $12,325 (+9.6%) Shares 385,150 (-21.4%) Est. Cost $19.15 Unrealized +34.7%

NVST ENVISTA HOLDINGS CORPORATION 0.5%

Value ($000) $9,314 (-10.3%) Shares 428,997 (-15.9%) Est. Cost $19.26 Unrealized +6.5%

STRR STAR EQUITY HOLDINGS INC 0.0%

Value ($000) $140 (-88.3%) Shares 12,461 (-88.4%) Est. Cost $14.57 Unrealized -26.4%

KMX CARMAX INC 0.1%

Value ($000) $1,139 (-46.3%) Shares 29,485 (-37.7%) Est. Cost $72.35 Unrealized -44.7%

ARMK ARAMARK 0.5%

Value ($000) $9,000 (-9.2%) Shares 244,177 (-5.4%) Est. Cost $38.74 Unrealized -2.1%

THO THOR INDS INC 0.9%

Value ($000) $16,716 (-5.0%) Shares 162,817 (-4.1%) Est. Cost $90.92 Unrealized +13.6%

FBK FB FINL CORP 0.6%

Value ($000) $10,463 (-7.8%) Shares 187,511 (-7.9%) Est. Cost $32.76 Unrealized +69.8%

MRTN MARTEN TRANS LTD 0.2%

Value ($000) $3,414 (-19.9%) Shares 300,000 (-25.0%) Est. Cost $12.33 Unrealized -14.3%

BRC BRADY CORP 0.5%

Value ($000) $9,616 (-8.0%) Shares 122,695 (-8.4%) Est. Cost $58.55 Unrealized +31.8%

KEX KIRBY CORP 0.3%

Value ($000) $4,931 (+18.7%) Shares 44,755 (-10.1%) Est. Cost $67.31 Unrealized +51.0%

QRVO QORVO INC 0.3%

Value ($000) $5,695 (-11.0%) Shares 67,392 (-4.1%) Est. Cost $76.14 Unrealized +15.9%

HAYW HAYWARD HLDGS INC 0.3%

Value ($000) $5,378 (-11.6%) Shares 348,095 (-13.4%) Est. Cost $13.87 Unrealized +13.9%

HSTM HEALTHSTREAM INC 0.1%

Value ($000) $1,174 (-35.0%) Shares 50,906 (-20.4%) Est. Cost $22.32 Unrealized +12.7%

DCI DONALDSON INC 0.9%

Value ($000) $17,270 (+3.7%) Shares 194,794 (-4.3%) Est. Cost $66.48 Unrealized +30.0%

SXT SENSIENT TECHNOLOGIES CORP 0.4%

Value ($000) $6,845 (-7.2%) Shares 72,854 (-7.3%) Est. Cost $71.76 Unrealized +31.5%

RJF RAYMOND JAMES FINL INC 0.2%

Value ($000) $3,051 (-14.6%) Shares 19,001 (-8.2%) Est. Cost $146.92 Unrealized +9.5%

SF STIFEL FINL CORP 0.6%

Value ($000) $10,745 (-4.4%) Shares 85,807 (-13.4%) Est. Cost $80.39 Unrealized +48.8%

SBUX STARBUCKS CORP 0.0%

Value ($000) $662 (-42.4%) Shares 7,862 (-42.1%) Est. Cost $80.17 Unrealized +4.8%

JNJ JOHNSON & JOHNSON 0.3%

Value ($000) $4,649 (+10.0%) Shares 22,464 (-1.4%) Est. Cost $135.61 Unrealized +45.3%

PESI PERMA-FIX ENVIRONMENTAL SVCS 0.3%

Value ($000) $5,036 (+8.8%) Shares 400,000 (-12.7%) Est. Cost $4.52 Unrealized +182.0%

LSCC LATTICE SEMICONDUCTOR CORP 0.3%

Value ($000) $5,118 (-7.1%) Shares 69,554 (-7.4%) Est. Cost $52.45 Unrealized —

FCFS FIRSTCASH HOLDINGS INC 0.5%

Value ($000) $8,410 (-4.3%) Shares 52,768 (-4.9%) Est. Cost $111.05 Unrealized +41.4%

AMAT APPLIED MATLS INC 0.1%

Value ($000) $1,999 (+23.3%) Shares 7,780 (-1.8%) Est. Cost $162.38 Unrealized +47.5%

CNI CANADIAN NATL RY CO 0.0%

Value ($000) $743 (-32.9%) Shares 7,519 (-36.0%) Est. Cost $91.25 Unrealized +5.4%

GOLF ACUSHNET HLDGS CORP 0.2%

Value ($000) $3,017 (-10.2%) Shares 37,803 (-11.7%) Est. Cost $65.15 Unrealized +24.6%

EHC ENCOMPASS HEALTH CORP 0.1%

Value ($000) $1,466 (-17.7%) Shares 13,811 (-1.5%) Est. Cost $52.10 Unrealized +122.1%

SBCF SEACOAST BKG CORP FLA 1.1%

Value ($000) $19,859 (-1.5%) Shares 632,052 (-4.6%) Est. Cost $26.12 Unrealized +19.3%

CWCO CONSOLIDATED WATER CO INC 0.6%

Value ($000) $10,578 (-2.6%) Shares 299,750 (-2.6%) Est. Cost $25.65 Unrealized +35.5%

CSCO CISCO SYS INC 0.1%

Value ($000) $2,407 (+10.9%) Shares 31,246 (-1.5%) Est. Cost $22.50 Unrealized +228.0%

TXN TEXAS INSTRS INC 0.1%

Value ($000) $2,572 (-7.0%) Shares 14,826 (-1.5%) Est. Cost $159.73 Unrealized +6.9%

LKFN LAKELAND FINL CORP 0.1%

Value ($000) $1,298 (-12.3%) Shares 22,744 (-1.3%) Est. Cost $49.42 Unrealized +19.0%

KDP KEURIG DR PEPPER INC 0.3%

Value ($000) $5,616 (-2.8%) Shares 200,483 (-11.5%) Est. Cost $30.82 Unrealized -11.6%

BWXT BWX TECHNOLOGIES INC 0.1%

Value ($000) $1,809 (-7.9%) Shares 10,466 (-1.7%) Est. Cost $47.06 Unrealized +298.2%

FAF FIRST AMERN FINL CORP 0.1%

Value ($000) $2,173 (-6.0%) Shares 35,360 (-1.7%) Est. Cost $52.40 Unrealized +18.9%

CPT CAMDEN PPTY TR 0.7%

Value ($000) $13,526 (+1.0%) Shares 122,870 (-2.0%) Est. Cost $92.73 Unrealized +11.2%

LECO LINCOLN ELEC HLDGS INC 0.3%

Value ($000) $5,826 (-2.0%) Shares 24,312 (-3.6%) Est. Cost $193.16 Unrealized +22.6%

XOM EXXON MOBIL CORP 0.1%

Value ($000) $1,695 (+5.6%) Shares 14,084 (-1.0%) Est. Cost $110.02 Unrealized +5.0%

SU SUNCOR ENERGY INC NEW 0.1%

Value ($000) $2,063 (+4.4%) Shares 46,504 (-1.6%) Est. Cost $23.22 Unrealized +82.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.3%

Value ($000) $4,969 (-1.4%) Shares 9,886 (-1.3%) Est. Cost $174.90 Unrealized +184.5%

IBKR INTERACTIVE BROKERS GROUP IN 0.0%

Value ($000) $555 (-8.4%) Shares 8,631 (-1.9%) Est. Cost $36.59 Unrealized +82.8%

SSD SIMPSON MFG INC 0.0%

Value ($000) $782 (-5.2%) Shares 4,845 (-1.6%) Est. Cost $85.64 Unrealized +97.0%

CTS CTS CORP 0.3%

Value ($000) $6,436 (+0.1%) Shares 150,130 (-6.7%) Est. Cost $41.42 Unrealized +1.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PRGO	PERRIGO CO PLC	223,983 (-79.4%)	$3,118 (-87.1%)	0.2%	$34.42	-51.6%	SHS	G97822103
XRAY	DENTSPLY SIRONA INC	161,400 (-87.7%)	$1,845 (-88.9%)	0.1%	$21.70	-45.9%	COM	24906P109
WTRG	ESSENTIAL UTILS INC	45,483 (-87.6%)	$1,745 (-88.1%)	0.1%	$38.12	+3.2%	COM	29670G102
CNC	CENTENE CORP DEL	51,190 (-86.8%)	$2,106 (-84.8%)	0.1%	$69.66	-46.3%	COM	15135B101
SIMO	SILICON MOTION TECHNOLOGY CO	272,398 (-23.4%)	$25,251 (-25.1%)	1.4%	$62.29	—	SPONSORED ADR	82706C108
PLYM	PLYMOUTH INDL REIT INC	300,000 (-54.2%)	$6,564 (-55.2%)	0.4%	$18.52	—	COM	729640102
PPG	PPG INDS INC	37,881 (-63.5%)	$3,881 (-64.4%)	0.2%	$126.51	-20.9%	COM	693506107
KMB	KIMBERLY-CLARK CORP	97,860 (-25.2%)	$9,873 (-39.3%)	0.5%	$119.97	-9.6%	COM	494368103
GBCI	GLACIER BANCORP INC NEW	371,528 (-19.9%)	$16,366 (-27.5%)	0.9%	$33.25	+31.0%	COM	37637Q105
NSA	NATIONAL STORAGE AFFILIATES	482,125 (-25.4%)	$13,601 (-30.4%)	0.7%	$36.33	—	COM SHS BEN IN	637870106
CGAU	CENTERRA GOLD INC	2,201,450 (-8.3%)	$31,635 (+22.9%)	1.7%	$7.14	+75.4%	COM	152006102
TFX	TELEFLEX INCORPORATED	103,927 (-30.7%)	$12,683 (-30.9%)	0.7%	$151.37	-20.1%	COM	879369106
ARAY	ACCURAY INC	3,328,307 (-33.4%)	$2,745 (-67.1%)	0.1%	$3.84	-67.5%	COM	004397105
SNN	SMITH & NEPHEW PLC	300,567 (-27.2%)	$9,862 (-34.2%)	0.5%	$30.99	—	SPDN ADR NEW	83175M205
ALGT	ALLEGIANT TRAVEL CO	207,280 (-1.2%)	$17,675 (+38.7%)	1.0%	$57.36	+24.6%	COM	01748X102
PRIM	PRIMORIS SVCS CORP	60,000 (-33.3%)	$7,448 (-39.7%)	0.4%	$32.84	+297.6%	COM	74164F103
EGO	ELDORADO GOLD CORP NEW	733,375 (-1.9%)	$26,343 (+21.9%)	1.4%	$16.26	+84.1%	COM	284902509
PSA	PUBLIC STORAGE OPER CO	80,993 (-8.6%)	$21,018 (-17.9%)	1.1%	$248.51	+11.6%	COM	74460D109
MHK	MOHAWK INDS INC	174,361 (-4.3%)	$19,058 (-18.9%)	1.0%	$106.29	+8.0%	COM	608190104
TDY	TELEDYNE TECHNOLOGIES INC	50,095 (-2.2%)	$25,585 (-14.8%)	1.4%	$415.29	+26.9%	COM	879360105
LDOS	LEIDOS HOLDINGS INC	43,726 (-32.9%)	$7,888 (-35.9%)	0.4%	$100.13	+88.9%	COM	525327102
IP	INTERNATIONAL PAPER CO	1,306 (-98.6%)	$51 (-98.8%)	0.0%	$41.62	-1.9%	COM	460146103
GTES	GATES INDL CORP PLC	740,170 (-8.7%)	$15,891 (-21.0%)	0.9%	$18.11	+27.4%	ORD SHS	G39108108
FIS	FIDELITY NATL INFORMATION SV	20,926 (-74.6%)	$1,391 (-74.4%)	0.1%	$71.87	-8.7%	COM	31620M106
SYY	SYSCO CORP	155,123 (-16.4%)	$11,431 (-25.2%)	0.6%	$73.54	+2.7%	COM	871829107
BALL	BALL CORP	139,679 (-35.8%)	$7,399 (-32.5%)	0.4%	$56.28	-12.8%	COM	058498106
MTRN	MATERION CORP	50,859 (-36.8%)	$6,323 (-34.9%)	0.3%	$113.18	+8.9%	COM	576690101
NTRS	NORTHERN TR CORP	107,235 (-19.8%)	$14,647 (-18.6%)	0.8%	$74.95	+74.4%	COM	665859104
WTW	WILLIS TOWERS WATSON PLC LTD	15,600 (-34.9%)	$5,126 (-38.1%)	0.3%	$283.28	+15.2%	SHS	G96629103
GNRC	GENERAC HLDGS INC	21,423 (-40.8%)	$2,921 (-51.8%)	0.2%	$175.19	-7.9%	COM	368736104
TCBI	TEXAS CAP BANCSHARES INC	349,712 (-14.9%)	$31,663 (-8.8%)	1.7%	$60.39	+45.4%	COM	88224Q107
ADT	ADT INC DEL	403,092 (-44.2%)	$3,253 (-48.3%)	0.2%	$8.48	-2.5%	COM	00090Q103
ESS	ESSEX PPTY TR INC	26,855 (-27.8%)	$7,027 (-29.5%)	0.4%	$210.67	+21.6%	COM	297178105
JBHT	HUNT J B TRANS SVCS INC	90,588 (-17.5%)	$17,605 (+19.5%)	0.9%	$174.97	-2.0%	COM	445658107
TEL	TE CONNECTIVITY PLC	48,290 (-22.7%)	$10,986 (-19.9%)	0.6%	$147.15	+57.2%	ORD SHS	G87052109
SMTC	SEMTECH CORP	64,332 (-36.8%)	$4,741 (-34.8%)	0.3%	$40.51	+75.2%	COM	816850101
AUDC	AUDIOCODES LTD	833,800 (-19.0%)	$7,279 (-25.7%)	0.4%	$11.61	-23.8%	ORD	M15342104
LRCX	LAM RESEARCH CORP	32,750 (-45.3%)	$5,606 (-30.1%)	0.3%	$78.86	+97.0%	COM NEW	512807306
NGD	NEW GOLD INC CDA	550,000 (-45.0%)	$4,791 (-33.3%)	0.3%	$1.40	+437.6%	COM	644535106
HSY	HERSHEY CO	97,178 (-9.3%)	$17,684 (-11.8%)	1.0%	$172.25	+5.7%	COM	427866108
LYFT	LYFT INC	563,750 (-5.2%)	$10,920 (-16.6%)	0.6%	$14.86	+39.9%	CL A COM	55087P104
NOV	NOV INC	1,089,190 (-3.2%)	$17,024 (+14.2%)	0.9%	$16.01	-7.4%	COM	62955J103
DHI	D R HORTON INC	76,824 (-1.1%)	$11,065 (-16.0%)	0.6%	$127.97	+18.8%	COM	23331A109
MTG	MGIC INVT CORP WIS	575,035 (-13.5%)	$16,803 (-10.9%)	0.9%	$12.47	+125.2%	COM	552848103
PINE	ALPINE INCOME PPTY TR INC	464,320 (-32.9%)	$7,763 (-20.9%)	0.4%	$16.04	—	COM	02083X103
AOS	SMITH A O CORP	141,543 (-9.0%)	$9,466 (-17.1%)	0.5%	$62.72	+7.5%	COM	831865209
FE	FIRSTENERGY CORP	289,522 (-10.9%)	$12,962 (-12.9%)	0.7%	$35.54	+28.7%	COM	337932107
EXC	EXELON CORP	401,724 (-6.8%)	$17,511 (-9.7%)	0.9%	$39.68	+14.6%	COM	30161N101
RHI	ROBERT HALF INC.	91,691 (-27.0%)	$2,490 (-41.7%)	0.1%	$61.99	-54.0%	COM	770323103
GOOGL	ALPHABET INC	29,731 (-4.6%)	$9,306 (+22.8%)	0.5%	$109.35	+161.2%	CAP STK CL A	02079K305
NWPX	NWPX INFRASTRUCTURE INC	245,000 (-23.8%)	$15,310 (-10.0%)	0.8%	$22.20	+159.7%	COM	667746101
HXL	HEXCEL CORP NEW	166,287 (-1.8%)	$12,289 (+15.8%)	0.7%	$65.34	+8.2%	COM	428291108
MIDD	MIDDLEBY CORP	53,702 (-24.5%)	$7,984 (-15.6%)	0.4%	$139.24	-5.7%	COM	596278101
EPAC	ENERPAC TOOL GROUP CORP	107,168 (-19.8%)	$4,098 (-25.2%)	0.2%	$19.75	+100.4%	CL A COM	292765104
MTN	VAIL RESORTS INC	31,180 (-14.8%)	$4,141 (-24.3%)	0.2%	$194.79	-24.4%	COM	91879Q109
HAE	HAEMONETICS CORP MASS	75,000 (-22.0%)	$6,011 (+28.3%)	0.3%	$68.16	-1.4%	COM	405024100
ASTE	ASTEC INDS INC	229,275 (-1.8%)	$9,932 (-11.6%)	0.5%	$39.48	+15.4%	COM	046224101
CUBI	CUSTOMERS BANCORP INC	182,875 (-1.1%)	$13,372 (+10.6%)	0.7%	$50.62	+35.5%	COM	23204G100
FOR	FORESTAR GROUP INC	506,450 (-1.9%)	$12,474 (-9.1%)	0.7%	$20.57	+24.0%	COM	346232101
XEL	XCEL ENERGY INC	118,146 (-3.9%)	$8,726 (-12.0%)	0.5%	$71.34	+9.7%	COM	98389B100
DGX	QUEST DIAGNOSTICS INC	48,263 (-3.5%)	$8,375 (-12.1%)	0.5%	$115.92	+57.1%	COM	74834L100
HUBB	HUBBELL INC	16,993 (-15.5%)	$7,547 (-12.8%)	0.4%	$374.68	+16.7%	COM	443510607
PLAB	PHOTRONICS INC	385,150 (-21.4%)	$12,325 (+9.6%)	0.7%	$19.15	+34.7%	COM	719405102
NVST	ENVISTA HOLDINGS CORPORATION	428,997 (-15.9%)	$9,314 (-10.3%)	0.5%	$19.26	+6.5%	COM	29415F104
STRR	STAR EQUITY HOLDINGS INC	12,461 (-88.4%)	$140 (-88.3%)	0.0%	$14.57	-26.4%	COM NEW	443787205
KMX	CARMAX INC	29,485 (-37.7%)	$1,139 (-46.3%)	0.1%	$72.35	-44.7%	COM	143130102
ARMK	ARAMARK	244,177 (-5.4%)	$9,000 (-9.2%)	0.5%	$38.74	-2.1%	COM	03852U106
THO	THOR INDS INC	162,817 (-4.1%)	$16,716 (-5.0%)	0.9%	$90.92	+13.6%	COM	885160101
FBK	FB FINL CORP	187,511 (-7.9%)	$10,463 (-7.8%)	0.6%	$32.76	+69.8%	COM	30257X104
MRTN	MARTEN TRANS LTD	300,000 (-25.0%)	$3,414 (-19.9%)	0.2%	$12.33	-14.3%	COM	573075108
BRC	BRADY CORP	122,695 (-8.4%)	$9,616 (-8.0%)	0.5%	$58.55	+31.8%	CL A	104674106
KEX	KIRBY CORP	44,755 (-10.1%)	$4,931 (+18.7%)	0.3%	$67.31	+51.0%	COM	497266106
QRVO	QORVO INC	67,392 (-4.1%)	$5,695 (-11.0%)	0.3%	$76.14	+15.9%	COM	74736K101
HAYW	HAYWARD HLDGS INC	348,095 (-13.4%)	$5,378 (-11.6%)	0.3%	$13.87	+13.9%	COM	421298100
HSTM	HEALTHSTREAM INC	50,906 (-20.4%)	$1,174 (-35.0%)	0.1%	$22.32	+12.7%	COM	42222N103
DCI	DONALDSON INC	194,794 (-4.3%)	$17,270 (+3.7%)	0.9%	$66.48	+30.0%	COM	257651109
SXT	SENSIENT TECHNOLOGIES CORP	72,854 (-7.3%)	$6,845 (-7.2%)	0.4%	$71.76	+31.5%	COM	81725T100
RJF	RAYMOND JAMES FINL INC	19,001 (-8.2%)	$3,051 (-14.6%)	0.2%	$146.92	+9.5%	COM	754730109
SF	STIFEL FINL CORP	85,807 (-13.4%)	$10,745 (-4.4%)	0.6%	$80.39	+48.8%	COM	860630102
SBUX	STARBUCKS CORP	7,862 (-42.1%)	$662 (-42.4%)	0.0%	$80.17	+4.8%	COM	855244109
JNJ	JOHNSON & JOHNSON	22,464 (-1.4%)	$4,649 (+10.0%)	0.3%	$135.61	+45.3%	COM	478160104
PESI	PERMA-FIX ENVIRONMENTAL SVCS	400,000 (-12.7%)	$5,036 (+8.8%)	0.3%	$4.52	+182.0%	COM NEW	714157203
LSCC	LATTICE SEMICONDUCTOR CORP	69,554 (-7.4%)	$5,118 (-7.1%)	0.3%	$52.45	—	COM	518415104
FCFS	FIRSTCASH HOLDINGS INC	52,768 (-4.9%)	$8,410 (-4.3%)	0.5%	$111.05	+41.4%	COM	33768G107
AMAT	APPLIED MATLS INC	7,780 (-1.8%)	$1,999 (+23.3%)	0.1%	$162.38	+47.5%	COM	038222105
CNI	CANADIAN NATL RY CO	7,519 (-36.0%)	$743 (-32.9%)	0.0%	$91.25	+5.4%	COM	136375102
GOLF	ACUSHNET HLDGS CORP	37,803 (-11.7%)	$3,017 (-10.2%)	0.2%	$65.15	+24.6%	COM	005098108
EHC	ENCOMPASS HEALTH CORP	13,811 (-1.5%)	$1,466 (-17.7%)	0.1%	$52.10	+122.1%	COM	29261A100
SBCF	SEACOAST BKG CORP FLA	632,052 (-4.6%)	$19,859 (-1.5%)	1.1%	$26.12	+19.3%	COM NEW	811707801
CWCO	CONSOLIDATED WATER CO INC	299,750 (-2.6%)	$10,578 (-2.6%)	0.6%	$25.65	+35.5%	ORD	G23773107
CSCO	CISCO SYS INC	31,246 (-1.5%)	$2,407 (+10.9%)	0.1%	$22.50	+228.0%	COM	17275R102
TXN	TEXAS INSTRS INC	14,826 (-1.5%)	$2,572 (-7.0%)	0.1%	$159.73	+6.9%	COM	882508104
LKFN	LAKELAND FINL CORP	22,744 (-1.3%)	$1,298 (-12.3%)	0.1%	$49.42	+19.0%	COM	511656100
KDP	KEURIG DR PEPPER INC	200,483 (-11.5%)	$5,616 (-2.8%)	0.3%	$30.82	-11.6%	COM	49271V100
BWXT	BWX TECHNOLOGIES INC	10,466 (-1.7%)	$1,809 (-7.9%)	0.1%	$47.06	+298.2%	COM	05605H100
FAF	FIRST AMERN FINL CORP	35,360 (-1.7%)	$2,173 (-6.0%)	0.1%	$52.40	+18.9%	COM	31847R102
CPT	CAMDEN PPTY TR	122,870 (-2.0%)	$13,526 (+1.0%)	0.7%	$92.73	+11.2%	SH BEN INT	133131102
LECO	LINCOLN ELEC HLDGS INC	24,312 (-3.6%)	$5,826 (-2.0%)	0.3%	$193.16	+22.6%	COM	533900106
XOM	EXXON MOBIL CORP	14,084 (-1.0%)	$1,695 (+5.6%)	0.1%	$110.02	+5.0%	COM	30231G102
SU	SUNCOR ENERGY INC NEW	46,504 (-1.6%)	$2,063 (+4.4%)	0.1%	$23.22	+82.0%	COM	867224107
BRK/B	BERKSHIRE HATHAWAY INC DEL	9,886 (-1.3%)	$4,969 (-1.4%)	0.3%	$174.90	+184.5%	CL B NEW	084670702
IBKR	INTERACTIVE BROKERS GROUP IN	8,631 (-1.9%)	$555 (-8.4%)	0.0%	$36.59	+82.8%	COM CL A	45841N107
SSD	SIMPSON MFG INC	4,845 (-1.6%)	$782 (-5.2%)	0.0%	$85.64	+97.0%	COM	829073105
CTS	CTS CORP	150,130 (-6.7%)	$6,436 (+0.1%)	0.3%	$41.42	+1.2%	COM	126501105

Unchanged Positions (72)

IIIV I3 VERTICALS INC 0.7%

Value ($000) $13,768 Shares 546,550 Est. Cost $22.77 Unrealized +23.7%

BBSI BARRETT BSUINESS SVCS INC 0.9%

Value ($000) $16,295 Shares 450,000 Est. Cost $26.36 Unrealized +45.0%

THR THERMON GROUP HLDGS INC 0.5%

Value ($000) $9,496 Shares 255,533 Est. Cost $18.36 Unrealized +78.8%

LTRX LANTRONIX INC 0.5%

Value ($000) $9,376 Shares 1,600,000 Est. Cost $2.96 Unrealized +75.7%

CCS CENTURY CMNTYS INC 1.5%

Value ($000) $27,020 Shares 455,264 Est. Cost $49.84 Unrealized +21.8%

MOFG MIDWESTONE FINL GROUP INC NE 0.4%

Value ($000) $6,761 Shares 175,616 Est. Cost $27.90 Unrealized +30.7%

SEB SEABOARD CORP DEL 0.5%

Value ($000) $8,890 Shares 2,000 Est. Cost $2937.34 Unrealized +34.6%

PHIN PHINIA INC 0.9%

Value ($000) $16,111 Shares 257,000 Est. Cost $48.91 Unrealized +12.7%

LOPE GRAND CANYON ED INC 0.2%

Value ($000) $3,708 Shares 22,293 Est. Cost $107.08 Unrealized +68.9%

ALEX ALEXANDER & BALDWIN INC NEW 0.4%

Value ($000) $8,256 Shares 400,000 Est. Cost $18.46 Unrealized —

CASS CASS INFORMATION SYS INC 1.0%

Value ($000) $19,308 Shares 465,039 Est. Cost $36.66 Unrealized +10.5%

DNOW DNOW INC 0.3%

Value ($000) $5,963 Shares 450,000 Est. Cost $10.14 Unrealized +38.4%

BXC BLUELINX HLDGS INC 0.2%

Value ($000) $4,607 Shares 75,000 Est. Cost $78.80 Unrealized -18.1%

LINC LINCOLN EDL SVCS CORP 1.7%

Value ($000) $31,154 Shares 1,290,000 Est. Cost $4.63 Unrealized +370.6%

TCBK TRICO BANCSHARES 0.6%

Value ($000) $11,843 Shares 250,000 Est. Cost $26.92 Unrealized +70.4%

WEC WEC ENERGY GROUP INC 0.4%

Value ($000) $6,920 Shares 65,613 Est. Cost $85.75 Unrealized +28.6%

MAMA MAMAS CREATIONS INC 0.1%

Value ($000) $2,698 Shares 200,000 Est. Cost $2.44 Unrealized +371.5%

ORI OLD REP INTL CORP 0.5%

Value ($000) $9,370 Shares 205,300 Est. Cost $13.89 Unrealized +194.1%

IGIC INTL GNRL INSURANCE HLDNGS L 0.4%

Value ($000) $7,527 Shares 300,000 Est. Cost $8.09 Unrealized +190.1%

FNB F N B CORP 0.6%

Value ($000) $10,551 Shares 617,025 Est. Cost $13.81 Unrealized +17.8%

RH RH 0.2%

Value ($000) $4,031 Shares 22,500 Est. Cost $217.25 Unrealized -21.3%

BHE BENCHMARK ELECTRS INC 0.3%

Value ($000) $5,345 Shares 125,000 Est. Cost $26.13 Unrealized +65.1%

ON ON SEMICONDUCTOR CORP 0.3%

Value ($000) $5,846 Shares 107,953 Est. Cost $70.19 Unrealized -26.9%

CSV CARRIAGE SVCS INC 0.5%

Value ($000) $8,769 Shares 207,300 Est. Cost $27.90 Unrealized +55.1%

CTOS CUSTOM TRUCK ONE SOURCE INC 0.2%

Value ($000) $4,032 Shares 700,000 Est. Cost $5.17 Unrealized +18.1%

ACGL ARCH CAP GROUP LTD 0.5%

Value ($000) $8,410 Shares 87,678 Est. Cost $89.67 Unrealized +2.0%

KNF KNIFE RIVER CORP 0.2%

Value ($000) $4,221 Shares 60,000 Est. Cost $53.74 Unrealized +30.7%

CCBG CAPITAL CITY BK GROUP INC 1.1%

Value ($000) $21,285 Shares 500,000 Est. Cost $13.26 Unrealized +213.1%

STC STEWART INFORMATION SVCS COR 0.5%

Value ($000) $8,783 Shares 125,000 Est. Cost $42.82 Unrealized +68.2%

SNYR SYNERGY CHC CORP 0.1%

Value ($000) $1,023 Shares 550,000 Est. Cost $3.02 Unrealized -28.8%

GVA GRANITE CONSTR INC 0.3%

Value ($000) $6,187 Shares 53,637 Est. Cost $34.48 Unrealized +211.6%

OGS ONE GAS INC 0.3%

Value ($000) $6,215 Shares 80,451 Est. Cost $71.12 Unrealized +13.0%

LAMR LAMAR ADVERTISING CO NEW 0.5%

Value ($000) $9,826 Shares 77,628 Est. Cost $85.08 Unrealized —

DDI DOUBLEDOWN INTERACTIVE CO LT 0.2%

Value ($000) $3,452 Shares 400,000 Est. Cost $9.57 Unrealized —

EZPW EZCORP INC 0.7%

Value ($000) $13,709 Shares 705,906 Est. Cost $5.86 Unrealized +222.0%

GOOG ALPHABET INC 0.0%

Value ($000) $698 Shares 2,225 Est. Cost $209.93 Unrealized +36.4%

WT WISDOMTREE INC 0.1%

Value ($000) $1,090 Shares 89,400 Est. Cost $10.25 Unrealized +17.9%

HFWA HERITAGE FINL CORP WASH 0.4%

Value ($000) $6,504 Shares 275,000 Est. Cost $17.07 Unrealized +37.9%

MSFT MICROSOFT CORP 0.1%

Value ($000) $1,407 Shares 2,910 Est. Cost $508.71 Unrealized -1.6%

CTBI COMMUNITY TR BANCORP INC 0.5%

Value ($000) $9,550 Shares 169,025 Est. Cost $37.45 Unrealized +46.5%

HD HOME DEPOT INC 0.0%

Value ($000) $426 Shares 1,239 Est. Cost $373.06 Unrealized -2.3%

RDN RADIAN GROUP INC 0.6%

Value ($000) $10,797 Shares 300,000 Est. Cost $12.70 Unrealized +173.8%

ASB ASSOCIATED BANC CORP 1.2%

Value ($000) $22,636 Shares 878,714 Est. Cost $19.52 Unrealized +31.0%

AAPL APPLE INC 0.1%

Value ($000) $982 Shares 3,613 Est. Cost $225.58 Unrealized +19.0%

SON SONOCO PRODS CO 0.2%

Value ($000) $4,364 Shares 100,000 Est. Cost $45.36 Unrealized -9.2%

PCYO PURE CYCLE CORP 0.4%

Value ($000) $6,894 Shares 627,264 Est. Cost $10.20 Unrealized +9.7%

THG HANOVER INS GROUP INC 0.4%

Value ($000) $7,835 Shares 42,869 Est. Cost $107.37 Unrealized +66.8%

PG PROCTER AND GAMBLE CO 0.0%

Value ($000) $513 Shares 3,580 Est. Cost $154.90 Unrealized -5.0%

BLK BLACKROCK INC 0.0%

Value ($000) $348 Shares 325 Est. Cost $1108.77 Unrealized -1.7%

ITW ILLINOIS TOOL WKS INC 0.0%

Value ($000) $427 Shares 1,734 Est. Cost $244.54 Unrealized +1.2%

WFC WELLS FARGO CO NEW 0.0%

Value ($000) $186 Shares 2,000 Est. Cost $71.15 Unrealized +21.8%

V VISA INC 0.0%

Value ($000) $668 Shares 1,905 Est. Cost $345.14 Unrealized -1.4%

HON HONEYWELL INTL INC 0.0%

Value ($000) $205 Shares 1,050 Est. Cost $207.11 Unrealized -5.8%

UNH UNITEDHEALTH GROUP INC 0.0%

Value ($000) $312 Shares 945 Est. Cost $298.94 Unrealized +12.8%

AGG ISHARES TR 0.2%

Value ($000) $3,821 Shares 38,258 Est. Cost $100.25 Unrealized —

CEG CONSTELLATION ENERGY CORP 0.0%

Value ($000) $200 Shares 566 Est. Cost $59.56 Unrealized +509.8%

NEE NEXTERA ENERGY INC 0.0%

Value ($000) $209 Shares 2,600 Est. Cost $72.21 Unrealized +14.2%

ABT ABBOTT LABS 0.0%

Value ($000) $169 Shares 1,350 Est. Cost $130.60 Unrealized -2.5%

ADI ANALOG DEVICES INC 0.0%

Value ($000) $118 Shares 435 Est. Cost $238.95 Unrealized +4.9%

IQLT ISHARES TR 0.0%

Value ($000) $395 Shares 8,685 Est. Cost $44.19 Unrealized —

USB US BANCORP DEL 0.0%

Value ($000) $107 Shares 2,000 Est. Cost $40.76 Unrealized +19.5%

XLV SELECT SECTOR SPDR TR 0.0%

Value ($000) $46 Shares 300 Est. Cost $134.79 Unrealized —

CVX CHEVRON CORP NEW 0.0%

Value ($000) $183 Shares 1,200 Est. Cost $137.00 Unrealized +10.5%

PEP PEPSICO INC 0.0%

Value ($000) $158 Shares 1,100 Est. Cost $140.43 Unrealized +3.9%

QUAD QUAD / GRAPHICS INC 0.1%

Value ($000) $1,881 Shares 300,000 Est. Cost $6.77 Unrealized -13.1%

UNP UNION PAC CORP 0.0%

Value ($000) $133 Shares 575 Est. Cost $223.15 Unrealized +1.9%

VB VANGUARD INDEX FDS 0.0%

Value ($000) $199 Shares 771 Est. Cost $254.28 Unrealized —

IVV ISHARES TR 0.0%

Value ($000) $116 Shares 169 Est. Cost $669.30 Unrealized —

JPM JPMORGAN CHASE & CO. 0.0%

Value ($000) $102 Shares 316 Est. Cost $295.93 Unrealized +4.6%

MCD MCDONALDS CORP 0.0%

Value ($000) $300 Shares 980 Est. Cost $301.40 Unrealized +1.2%

FNDX SCHWAB STRATEGIC TR 0.0%

Value ($000) $25 Shares 921 Est. Cost $26.30 Unrealized —

PPA INVESCO EXCHANGE TRADED FD T 0.0%

Value ($000) $59 Shares 375 Est. Cost $155.45 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IIIV	I3 VERTICALS INC	546,550	$13,768	0.7%	$22.77	+23.7%	COM CL A	46571Y107
BBSI	BARRETT BSUINESS SVCS INC	450,000	$16,295	0.9%	$26.36	+45.0%	COM	068463108
THR	THERMON GROUP HLDGS INC	255,533	$9,496	0.5%	$18.36	+78.8%	COM	88362T103
LTRX	LANTRONIX INC	1,600,000	$9,376	0.5%	$2.96	+75.7%	COM NEW	516548203
CCS	CENTURY CMNTYS INC	455,264	$27,020	1.5%	$49.84	+21.8%	COM	156504300
MOFG	MIDWESTONE FINL GROUP INC NE	175,616	$6,761	0.4%	$27.90	+30.7%	COM	598511103
SEB	SEABOARD CORP DEL	2,000	$8,890	0.5%	$2937.34	+34.6%	COM	811543107
PHIN	PHINIA INC	257,000	$16,111	0.9%	$48.91	+12.7%	COMMON STOCK	71880K101
LOPE	GRAND CANYON ED INC	22,293	$3,708	0.2%	$107.08	+68.9%	COM	38526M106
ALEX	ALEXANDER & BALDWIN INC NEW	400,000	$8,256	0.4%	$18.46	—	COM	014491104
CASS	CASS INFORMATION SYS INC	465,039	$19,308	1.0%	$36.66	+10.5%	COM	14808P109
DNOW	DNOW INC	450,000	$5,963	0.3%	$10.14	+38.4%	COM	67011P100
BXC	BLUELINX HLDGS INC	75,000	$4,607	0.2%	$78.80	-18.1%	COM NEW	09624H208
LINC	LINCOLN EDL SVCS CORP	1,290,000	$31,154	1.7%	$4.63	+370.6%	COM	533535100
TCBK	TRICO BANCSHARES	250,000	$11,843	0.6%	$26.92	+70.4%	COM	896095106
WEC	WEC ENERGY GROUP INC	65,613	$6,920	0.4%	$85.75	+28.6%	COM	92939U106
MAMA	MAMAS CREATIONS INC	200,000	$2,698	0.1%	$2.44	+371.5%	COM	56146T103
ORI	OLD REP INTL CORP	205,300	$9,370	0.5%	$13.89	+194.1%	COM	680223104
IGIC	INTL GNRL INSURANCE HLDNGS L	300,000	$7,527	0.4%	$8.09	+190.1%	SHS	G4809J106
FNB	F N B CORP	617,025	$10,551	0.6%	$13.81	+17.8%	COM	302520101
RH	RH	22,500	$4,031	0.2%	$217.25	-21.3%	COM	74967X103
BHE	BENCHMARK ELECTRS INC	125,000	$5,345	0.3%	$26.13	+65.1%	COM	08160H101
ON	ON SEMICONDUCTOR CORP	107,953	$5,846	0.3%	$70.19	-26.9%	COM	682189105
CSV	CARRIAGE SVCS INC	207,300	$8,769	0.5%	$27.90	+55.1%	COM	143905107
CTOS	CUSTOM TRUCK ONE SOURCE INC	700,000	$4,032	0.2%	$5.17	+18.1%	COM CL A	23204X103
ACGL	ARCH CAP GROUP LTD	87,678	$8,410	0.5%	$89.67	+2.0%	ORD	G0450A105
KNF	KNIFE RIVER CORP	60,000	$4,221	0.2%	$53.74	+30.7%	COMMON STOCK	498894104
CCBG	CAPITAL CITY BK GROUP INC	500,000	$21,285	1.1%	$13.26	+213.1%	COM	139674105
STC	STEWART INFORMATION SVCS COR	125,000	$8,783	0.5%	$42.82	+68.2%	COM	860372101
SNYR	SYNERGY CHC CORP	550,000	$1,023	0.1%	$3.02	-28.8%	COM NEW	87165D208
GVA	GRANITE CONSTR INC	53,637	$6,187	0.3%	$34.48	+211.6%	COM	387328107
OGS	ONE GAS INC	80,451	$6,215	0.3%	$71.12	+13.0%	COM	68235P108
LAMR	LAMAR ADVERTISING CO NEW	77,628	$9,826	0.5%	$85.08	—	CL A	512816109
DDI	DOUBLEDOWN INTERACTIVE CO LT	400,000	$3,452	0.2%	$9.57	—	ADS	25862B109
EZPW	EZCORP INC	705,906	$13,709	0.7%	$5.86	+222.0%	CL A NON VTG	302301106
GOOG	ALPHABET INC	2,225	$698	0.0%	$209.93	+36.4%	CAP STK CL C	02079K107
WT	WISDOMTREE INC	89,400	$1,090	0.1%	$10.25	+17.9%	COM	97717P104
HFWA	HERITAGE FINL CORP WASH	275,000	$6,504	0.4%	$17.07	+37.9%	COM	42722X106
MSFT	MICROSOFT CORP	2,910	$1,407	0.1%	$508.71	-1.6%	COM	594918104
CTBI	COMMUNITY TR BANCORP INC	169,025	$9,550	0.5%	$37.45	+46.5%	COM	204149108
HD	HOME DEPOT INC	1,239	$426	0.0%	$373.06	-2.3%	COM	437076102
RDN	RADIAN GROUP INC	300,000	$10,797	0.6%	$12.70	+173.8%	COM	750236101
ASB	ASSOCIATED BANC CORP	878,714	$22,636	1.2%	$19.52	+31.0%	COM	045487105
AAPL	APPLE INC	3,613	$982	0.1%	$225.58	+19.0%	COM	037833100
SON	SONOCO PRODS CO	100,000	$4,364	0.2%	$45.36	-9.2%	COM	835495102
PCYO	PURE CYCLE CORP	627,264	$6,894	0.4%	$10.20	+9.7%	COM NEW	746228303
THG	HANOVER INS GROUP INC	42,869	$7,835	0.4%	$107.37	+66.8%	COM	410867105
PG	PROCTER AND GAMBLE CO	3,580	$513	0.0%	$154.90	-5.0%	COM	742718109
BLK	BLACKROCK INC	325	$348	0.0%	$1108.77	-1.7%	COM	09290D101
ITW	ILLINOIS TOOL WKS INC	1,734	$427	0.0%	$244.54	+1.2%	COM	452308109
WFC	WELLS FARGO CO NEW	2,000	$186	0.0%	$71.15	+21.8%	COM	949746101
V	VISA INC	1,905	$668	0.0%	$345.14	-1.4%	COM CL A	92826C839
HON	HONEYWELL INTL INC	1,050	$205	0.0%	$207.11	-5.8%	COM	438516106
UNH	UNITEDHEALTH GROUP INC	945	$312	0.0%	$298.94	+12.8%	COM	91324P102
AGG	ISHARES TR	38,258	$3,821	0.2%	$100.25	—	CORE US AGGBD ET	464287226
CEG	CONSTELLATION ENERGY CORP	566	$200	0.0%	$59.56	+509.8%	COM	21037T109
NEE	NEXTERA ENERGY INC	2,600	$209	0.0%	$72.21	+14.2%	COM	65339F101
ABT	ABBOTT LABS	1,350	$169	0.0%	$130.60	-2.5%	COM	002824100
ADI	ANALOG DEVICES INC	435	$118	0.0%	$238.95	+4.9%	COM	032654105
IQLT	ISHARES TR	8,685	$395	0.0%	$44.19	—	MSCI INTL QUALTY	46434V456
USB	US BANCORP DEL	2,000	$107	0.0%	$40.76	+19.5%	COM NEW	902973304
XLV	SELECT SECTOR SPDR TR	300	$46	0.0%	$134.79	—	STATE STREET HEA	81369Y209
CVX	CHEVRON CORP NEW	1,200	$183	0.0%	$137.00	+10.5%	COM	166764100
PEP	PEPSICO INC	1,100	$158	0.0%	$140.43	+3.9%	COM	713448108
QUAD	QUAD / GRAPHICS INC	300,000	$1,881	0.1%	$6.77	-13.1%	COM CL A	747301109
UNP	UNION PAC CORP	575	$133	0.0%	$223.15	+1.9%	COM	907818108
VB	VANGUARD INDEX FDS	771	$199	0.0%	$254.28	—	SMALL CP ETF	922908751
IVV	ISHARES TR	169	$116	0.0%	$669.30	—	CORE S&P500 ETF	464287200
JPM	JPMORGAN CHASE & CO.	316	$102	0.0%	$295.93	+4.6%	COM	46625H100
MCD	MCDONALDS CORP	980	$300	0.0%	$301.40	+1.2%	COM	580135101
FNDX	SCHWAB STRATEGIC TR	921	$25	0.0%	$26.30	—	FUNDAMENTAL US L	808524771
PPA	INVESCO EXCHANGE TRADED FD T	375	$59	0.0%	$155.45	—	AEROSPACE DEFN	46137V100