Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BIDU	Baidu, Inc. ADR	2,848,886	$361M	5.2%	—	—	ADR	056752108
PM	Philip Morris Intl, Inc.	4,567,625	$343M	5.0%	—	—	COM	718172109
MSFT	Microsoft Corp.	1,575,309	$331M	4.8%	—	—	COM	594918104
MAT	Mattel, Inc.	17,214,626	$201M	2.9%	—	—	COM	577081102
—	Stericycle Inc.	2,957,272	$186M	2.7%	—	—	COM	858912108
—	Lazard Ltd.	5,502,144	$182M	2.6%	—	—	SHS A	G54050102
FAF	First American Financial Corp.	3,529,260	$180M	2.6%	—	—	COM	31847R102
KMT	Kennametal, Inc.	5,938,680	$172M	2.5%	—	—	COM	489170100
NVST	Envista Holdings Corp	6,890,489	$170M	2.5%	—	—	COM	29415F104
GILD	Gilead Sciences, Inc.	2,603,713	$165M	2.4%	—	—	COM	375558103
—	Interpublic Group of Cos., Inc.	9,582,510	$160M	2.3%	—	—	COM	460690100
BRK/B	Berkshire Hathaway Inc.	710,706	$151M	2.2%	—	—	COM	084670702
SNA	Snap-on, Inc.	1,005,418	$148M	2.1%	—	—	COM	833034101
NTRS	Northern Trust Corp.	1,771,302	$138M	2.0%	—	—	COM	665859104
—	Laboratory Corp. of America Holdings	695,892	$131M	1.9%	—	—	COM	50540R409
JNJ	Johnson & Johnson	870,434	$130M	1.9%	—	—	COM	478160104
KKR	KKR & Co Inc.	3,564,315	$122M	1.8%	—	—	COM	48251W104
SJM	JM Smucker Co.	1,010,509	$117M	1.7%	—	—	COM	832696405
—	ViacomCBS Inc.	4,073,054	$114M	1.7%	—	—	COM	92556H206
BOKF	BOK Financial Corp.	2,190,988	$113M	1.6%	—	—	COM	05561Q201
CRL	Charles River Laboratories Intl, Inc.	490,342	$111M	1.6%	—	—	COM	159864107
MHK	Mohawk Industries, Inc.	1,128,058	$110M	1.6%	—	—	COM	608190104
SPHR	Madison Square Garden Entertainment	1,597,626	$109M	1.6%	—	—	COM	55826T102
—	Nielsen Holdings plc	7,579,519	$107M	1.6%	—	—	SHS EUR	G6518L108
—	MSG Networks, Inc.	9,971,664	$95.43M	1.4%	—	—	CL A	553573106
JLL	Jones Lang LaSalle, Inc.	905,421	$86.61M	1.3%	—	—	COM	48020Q107
CBRE	CBRE Group, Inc.	1,825,402	$85.74M	1.2%	—	—	COM	12504L109
KEYS	Keysight Technologies, Inc.	857,181	$84.67M	1.2%	—	—	COM	49338L103
VZ	Verizon Communications Inc.	1,399,763	$83.27M	1.2%	—	—	COM	92343V104
TGNA	TEGNA, Inc.	7,007,889	$82.34M	1.2%	—	—	COM	87901J105
MTN	Vail Resorts Inc	383,252	$82M	1.2%	—	—	COM	91879Q109
CVSA	Adtalem Global Education, Inc.	3,066,741	$75.26M	1.1%	—	—	COM	00737L103
BWA	BorgWarner, Inc.	1,861,761	$72.13M	1.0%	—	—	COM	099724106
PGR	Progressive Corp.	741,155	$70.17M	1.0%	—	—	COM	743315103
KN	Knowles Corporation	4,560,318	$67.95M	1.0%	—	—	COM	49926D109
LFUS	Littelfuse, Inc.	380,484	$67.47M	1.0%	—	—	COM	537008104
SWK	Stanley Black & Decker, Inc.	408,949	$66.33M	1.0%	—	—	COM	854502101
ZBH	Zimmer Biomet Holdings, Inc.	475,582	$64.75M	0.9%	—	—	COM	98956P102
DOX	Amdocs Ltd.	1,127,730	$64.74M	0.9%	—	—	SHS	G02602103
ZBRA	Zebra Technologies Corp.	234,172	$59.12M	0.9%	—	—	COM	989207105
GS	Goldman Sachs Group, Inc.	290,545	$58.39M	0.8%	—	—	COM	38141G104
MAS	Masco Corporation	1,045,719	$57.65M	0.8%	—	—	COM	574599106
NOK	Nokia Corp. ADR	14,526,888	$56.8M	0.8%	—	—	ADR	654902204
AFL	Aflac, Inc.	1,559,172	$56.68M	0.8%	—	—	COM	001055102
SSD	Simpson Manufacturing Co., Inc.	580,001	$56.35M	0.8%	—	—	COM	829073105
BCO	Brink's Co.	1,306,519	$53.69M	0.8%	—	—	COM	109696104
AMG	Affiliated Managers Group, Inc.	749,421	$51.24M	0.7%	—	—	COM	008252108
—	Meredith Corp.	3,726,201	$48.89M	0.7%	—	—	COM	589433101
—	Core Laboratories N.V.	3,180,513	$48.53M	0.7%	—	—	COM	N22717107
SCHW	Schwab Charles Corp	1,253,261	$45.41M	0.7%	—	—	COM	808513105
GNRC	Generac Holdings Inc.	232,082	$44.94M	0.7%	—	—	COM	368736104
JHG	Janus Henderson Group plc	2,050,329	$44.53M	0.6%	—	—	ORD SHS	G4474Y214
OSW	OneSpaWorld Holdings Limited	6,105,347	$39.69M	0.6%	—	—	COM	P73684113
NTAP	NetApp Inc.	805,353	$35.31M	0.5%	—	—	COM	64110D104
VEA	Vanguard FTSE Developed ETF	812,881	$33.25M	0.5%	—	—	ETF	921943858
BIO	Bio-Rad Laboratories, Inc.	64,393	$33.19M	0.5%	—	—	COM	090572207
CAH	Cardinal Health, Inc.	704,181	$33.06M	0.5%	—	—	COM	14149Y108
—	GlaxoSmithKline plc ADR	865,441	$32.58M	0.5%	—	—	ADR	37733W105
HLI	Houlihan Lokey, Inc.	522,157	$30.83M	0.4%	—	—	CL A	441593100
CHKP	Check Point Software Technologies Ltd.	255,532	$30.75M	0.4%	—	—	ORD	M22465104
RCL	Royal Caribbean Cruises Ltd.	468,469	$30.32M	0.4%	—	—	COM	V7780T103
KMX	CarMax Inc.	327,299	$30.08M	0.4%	—	—	COM	143130102
WTW	Willis Towers Watson plc	139,890	$29.21M	0.4%	—	—	SHS	G96629103
—	Foot Locker, Inc.	883,071	$29.17M	0.4%	—	—	COM	344849104
—	Walgreens Boots Alliance Inc.	799,074	$28.7M	0.4%	—	—	COM	931427108
—	U.S. Silica Holdings, Inc.	8,774,459	$26.32M	0.4%	—	—	COM	90346E103
MEI	Methode Electronics Inc.	922,605	$26.29M	0.4%	—	—	COM	591520200
TPR	Tapestry, Inc.	1,634,164	$25.54M	0.4%	—	—	COM	876030107
—	Equity Commonwealth	871,213	$23.2M	0.3%	—	—	COM	294628102
—	FLIR Systems Inc	632,002	$22.66M	0.3%	—	—	COM	302445101
MSGS	Madison Square Garden Sports Corp.	150,089	$22.59M	0.3%	—	—	COM	55825T103
OMC	Omnicom Group, Inc.	446,697	$22.11M	0.3%	—	—	COM	681919106
KFY	Korn/Ferry International	752,772	$21.83M	0.3%	—	—	COM	500643200
BAP	Credicorp Ltd	175,358	$21.74M	0.3%	—	—	COM	G2519Y108
BMY	Bristol-Myers Squibb Co.	323,956	$19.53M	0.3%	—	—	COM	110122108
—	China Mobile Ltd. ADR	532,320	$17.12M	0.2%	—	—	ADR	16941M109
BRC	Brady Corp.	420,513	$16.83M	0.2%	—	—	COM	104674106
NCLH	Norwegian Cruise Line Holdings Ltd	971,672	$16.63M	0.2%	—	—	SHS	G66721104
TAP	Molson Coors Beverage Co	467,324	$15.68M	0.2%	—	—	COM	60871R209
—	National Oilwell Varco	1,574,412	$14.26M	0.2%	—	—	COM	637071101
VOD	Vodafone Group PLC ADR	975,553	$13.09M	0.2%	—	—	ADR	92857W308
MIDD	Middleby Corporation, The	141,124	$12.66M	0.2%	—	—	COM	596278101
EVR	Evercore Inc	191,818	$12.56M	0.2%	—	—	COM	29977A105
BSAC	Banco Santander-Chile ADR	848,756	$11.76M	0.2%	—	—	ADR	05965X109
—	MTS Systems Corp.	547,752	$10.47M	0.2%	—	—	COM	553777103
—	Team, Inc.	1,865,220	$10.26M	0.1%	—	—	COM	878155100
USB	U.S. Bancorp	283,344	$10.16M	0.1%	—	—	COM	902973304
ORCL	Oracle Corp.	162,716	$9.714M	0.1%	—	—	COM	68389X105
WU	Western Union Co.	410,024	$8.787M	0.1%	—	—	COM	959802109
—	Cowen Inc.	532,433	$8.663M	0.1%	—	—	COM	223622606
HMN	Horace Mann Educators Corp.	257,965	$8.616M	0.1%	—	—	COM	440327104
IWN	iShares Russell 2000V ETF	84,510	$8.394M	0.1%	—	—	ETF	464287630
CCL	Carnival Corp	537,970	$8.166M	0.1%	—	—	COM	143658300
—	Kindred Biosciences, Inc.	1,685,506	$7.231M	0.1%	—	—	COM	494577109
MOS	Mosaic Co.	392,008	$7.162M	0.1%	—	—	COM	61945C103
ICE	IntercontinentalExchange, Inc.	66,919	$6.695M	0.1%	—	—	COM	45866F104
LMT	Lockheed Martin Corp.	17,453	$6.689M	0.1%	—	—	COM	539830109
—	ORBCOMM, Inc.	1,893,438	$6.438M	0.1%	—	—	COM	68555P100
—	Nordstrom, Inc.	520,646	$6.206M	0.1%	—	—	COM	655664100
MATW	Matthews Intl Corp.	255,756	$5.719M	0.1%	—	—	COM	577128101
ACTG	Acacia Research Corp.	1,592,800	$5.527M	0.1%	—	—	COM	003881307
—	MIND Technology Inc	2,411,101	$5.015M	0.1%	—	—	COM	602566101
—	Hanger, Inc.	304,314	$4.814M	0.1%	—	—	COM	41043F208
CNTY	Century Casinos, Inc.	818,059	$4.483M	0.1%	—	—	COM	156492100
—	180 Degree Capital Corp.	2,297,163	$4.342M	0.1%	—	—	COM	68235B109
—	RealNetworks, Inc.	3,531,665	$4.309M	0.1%	—	—	COM	75605L708
GAIA	Gaia, Inc.	435,421	$4.28M	0.1%	—	—	COM	36269P104
—	Ballantyne Strong, Inc.	2,654,305	$4.141M	0.1%	—	—	COM	058516105
BK	Bank of New York Mellon Corp.	118,575	$4.072M	0.1%	—	—	COM	064058100
PCYO	Pure Cycle Corp.	446,622	$4.024M	0.1%	—	—	COM	746228303
TRC	Tejon Ranch Co.	274,999	$3.891M	0.1%	—	—	COM	879080109
LAKE	Lakeland Industries, Inc.	166,310	$3.293M	0.0%	—	—	COM	511795106
CSCO	Cisco Systems, Inc.	80,277	$3.162M	0.0%	—	—	COM	17275R102
—	Apache Corp.	331,994	$3.144M	0.0%	—	—	COM	037411105
STRT	Strattec Security Corp.	132,487	$2.636M	0.0%	—	—	COM	863111100
CPIX	Cumberland Pharmaceuticals, Inc.	782,441	$2.512M	0.0%	—	—	COM	230770109
ALOT	AstroNova, Inc.	302,571	$2.427M	0.0%	—	—	COM	04638F108
—	EMCORE Corporation	746,201	$2.425M	0.0%	—	—	COM	290846203
GSIT	GSI Technology Inc.	401,562	$2.265M	0.0%	—	—	COM	36241U106
—	ZAGG Inc	795,490	$2.227M	0.0%	—	—	COM	98884U108
CSWC	Capital Southwest Corp.	156,153	$2.194M	0.0%	—	—	COM	140501107
—	Orion Energy Systems, Inc.	279,057	$2.112M	0.0%	—	—	COM	686275108
—	Pershing Square Tontine Holdings Ltd	86,219	$1.956M	0.0%	—	—	COM	71531R109
—	Safeguard Scientifics Inc.	337,612	$1.85M	0.0%	—	—	COM	786449207
—	Synacor, Inc.	1,198,432	$1.81M	0.0%	—	—	COM	871561106
NVS	Novartis AG ADR	20,414	$1.775M	0.0%	—	—	ADR	66987V109
—	Enzo Biochem, Inc.	831,092	$1.754M	0.0%	—	—	COM	294100102
IDCC	InterDigital Inc.	29,883	$1.705M	0.0%	—	—	COM	45867G101
MOV	Movado Group Inc.	118,950	$1.182M	0.0%	—	—	COM	624580106
—	Perceptron, Inc.	151,142	$1.028M	0.0%	—	—	COM	71361F100
CRAI	CRA International Inc	26,816	$1.005M	0.0%	—	—	COM	12618T105
GRBK	Green Brick Partners Inc.	60,071	$967K	0.0%	—	—	COM	392709101
RBCN	Rubicon Technology, Inc.	57,087	$485K	0.0%	—	—	COM	78112T206
GIFI	Gulf Island Fabrication, Inc.	132,838	$416K	0.0%	—	—	COM	402307102
—	PCTEL, Inc.	58,275	$330K	0.0%	—	—	COM	69325Q105
NVO	Novo Nordisk A/S ADR	4,552	$316K	0.0%	—	—	ADR	670100205
ACWX	ISHARES MSCI ACWI EX US ETF	5,804	$267K	0.0%	—	—	ETF	464288240
—	PICO Holdings Inc	26,102	$234K	0.0%	—	—	COM	693366205
CRWS	Crown Crafts, Inc.	37,777	$213K	0.0%	—	—	COM	228309100
AXTI	AXT Inc.	31,398	$192K	0.0%	—	—	COM	00246W103
OSS	One Stop Systems Inc	71,260	$150K	0.0%	—	—	COM	68247W109
RFIL	RF Industries Ltd	27,087	$120K	0.0%	—	—	COM	749552105