Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PB	PROSPERITY BANCSHARES INC	758,260	$50.2M	0.9%	$66.21	$72.14	-8.2%	COM	743606105
MGY	MAGNOLIA OIL & GAS CORP	2,115,127	$49.68M	0.9%	$23.49	$25.94	-9.4%	CL A	559663109
GFS	GLOBALFOUNDRIES INC	1,005,611	$48.19M	0.9%	$47.92	$52.06	-8.0%	ORDINARY SHARES	G39387108
AGCO	AGCO CORP	396,100	$45.25M	0.8%	$114.23	$113.98	+0.2%	COM	001084102
XOM	EXXONMOBIL HOLDINGS CORP	269,965	$43.94M	0.8%	$162.75	$162.75	—	COM SHS	30233Q108
CVBF	CVB FINL CORP	1,839,754	$39.76M	0.7%	$21.61	$22.56	-4.2%	COM	126600105
HONA	HONEYWELL AEROSPACE INC	244,247	$37.85M	0.7%	$154.97	$181.88	-14.8%	COM	43849R105
HON	HONEYWELL INTL INC	142,174	$29.99M	0.5%	$210.94	$210.94	—	COM	438516205
TJX	TJX COS INC NEW	223,684	$29.6M	0.5%	$132.31	$144.23	-8.3%	COM	872540109
JJSF	J & J SNACK FOODS CORP	366,997	$28.06M	0.5%	$76.45	$81.87	-6.6%	COM	466032109
EROK	EAGLEROCK LD LLC	946,094	$19.68M	0.3%	$20.80	$23.22	-10.4%	CL A SHS REP LTD	27005A105
SYK	STRYKER CORPORATION	68,627	$18.9M	0.3%	$275.39	$315.04	-12.6%	COM	863667101
WABC	WESTAMERICA BANCORPORATION	248,318	$14.48M	0.3%	$58.32	$59.38	-1.8%	COM	957090103
CNH	CNH INDL N V	1,101,427	$14.15M	0.3%	$12.85	$11.68	+10.0%	SHS	N20944109
TSCO	TRACTOR SUPPLY CO	337,783	$10.57M	0.2%	$31.29	$32.81	-4.6%	COM	892356106
WSO	WATSCO INC	29,244	$8.852M	0.2%	$302.69	$334.20	-9.4%	COM	942622200
GGG	GRACO INC	106,465	$8.181M	0.1%	$76.84	$78.15	-1.7%	COM	384109104
HDB	HDFC BANK LTD	338,623	$7.565M	0.1%	$22.34	$23.78	-6.0%	SPONSORED ADS	40415F101
WTI	W & T OFFSHORE INC	1,258,235	$4.492M	0.1%	$3.57	$3.65	-2.1%	COM	92922P106
BMRC	BANK OF MARIN BANCORP	154,689	$4.189M	0.1%	$27.08	$28.07	-3.5%	COM	063425102
TS	TENARIS S A	67,957	$3.75M	0.1%	$55.18	$55.45	-0.5%	SPONSORED ADS	88031M109
BVN	COMPANIA DE MINAS BUENAVENTU	112,554	$3.554M	0.1%	$31.58	$32.67	-3.3%	SPONSORED ADR	204448104
MGPI	MGP INGREDIENTS INC NEW	250,173	$3.315M	0.1%	$13.25	$16.55	-19.9%	COM	55303J106
WHK	WHITEHAWK MINERALS CORP	109,062	$2.67M	0.0%	$24.48	$26.59	-7.9%	CL A	96524T101
WWW	WOLVERINE WORLD WIDE INC	52,516	$1.004M	0.0%	$19.11	$19.19	-0.4%	COM	978097103
GSM	FERROGLOBE PLC	201,484	$801K	0.0%	$3.98	$3.89	+2.2%	SHS	G33856108
DVN	DEVON ENERGY CORP NEW	5,940	$273K	0.0%	$46.04	$45.90	+0.3%	COM	25179M103
WTRG	ESSENTIAL UTILS INC	5,970	$234K	0.0%	$39.19	$40.11	-2.3%	COM	29670G102
FANG	DIAMONDBACK ENERGY INC	1,217	$224K	0.0%	$183.81	$195.68	-6.1%	COM	25278X109

Increased Positions (79)

MSFT MICROSOFT CORP 2.2%

Value $125M (+41.9%) Shares 243,504 (+3.2%) Share Price $512.90 Est. Cost/Share $410.80 Unrealized @ Report Date +24.9%

PTEN PATTERSON-UTI ENERGY INC 1.0%

Value $54.98M (+114.7%) Shares 5,034,526 (+80.5%) Share Price $10.92 Est. Cost/Share $11.08 Unrealized @ Report Date -1.4%

WFRD WEATHERFORD INTL PLC 1.1%

Value $64.47M (+81.2%) Shares 819,381 (+87.7%) Share Price $78.68 Est. Cost/Share $94.77 Unrealized @ Report Date -17.0%

BC BRUNSWICK CORP 1.7%

Value $96.53M (-21.2%) Shares 1,502,681 (+3.3%) Share Price $64.24 Est. Cost/Share $56.92 Unrealized @ Report Date +12.9%

WERN WERNER ENTERPRISES INC 1.9%

Value $105M (-19.2%) Shares 3,103,504 (+3.8%) Share Price $33.98 Est. Cost/Share $36.47 Unrealized @ Report Date -6.8%

MNRO MONRO INC 0.5%

Value $30.41M (+282.5%) Shares 2,173,398 (+367.8%) Share Price $13.99 Est. Cost/Share $14.76 Unrealized @ Report Date -5.2%

FELE FRANKLIN ELEC INC 0.6%

Value $35.19M (+103.9%) Shares 366,943 (+127.9%) Share Price $95.89 Est. Cost/Share $101.21 Unrealized @ Report Date -5.3%

RHI ROBERT HALF INC. 1.7%

Value $96.23M (+22.1%) Shares 2,618,523 (+2.0%) Share Price $36.75 Est. Cost/Share $42.33 Unrealized @ Report Date -13.2%

ICE INTERCONTINENTAL EXCHANGE IN 0.7%

Value $41.29M (+71.9%) Shares 271,578 (+39.2%) Share Price $152.03 Est. Cost/Share $158.74 Unrealized @ Report Date -4.2%

FLS FLOWSERVE CORP 2.1%

Value $118M (+17.1%) Shares 1,609,390 (+18.8%) Share Price $73.12 Est. Cost/Share $53.24 Unrealized @ Report Date +37.3%

HLNE HAMILTON LANE INC 0.7%

Value $40.31M (+58.3%) Shares 464,054 (+43.7%) Share Price $86.86 Est. Cost/Share $115.70 Unrealized @ Report Date -24.9%

SIGI SELECTIVE INS GROUP INC 0.6%

Value $33.12M (+66.9%) Shares 396,116 (+93.7%) Share Price $83.60 Est. Cost/Share $89.52 Unrealized @ Report Date -6.6%

SMG SCOTTS MIRACLE-GRO CO 1.1%

Value $64.62M (-17.0%) Shares 1,289,586 (+12.9%) Share Price $50.11 Est. Cost/Share $58.03 Unrealized @ Report Date -13.6%

VSH VISHAY INTERTECHNOLOGY INC 0.4%

Value $25.34M (+95.3%) Shares 778,354 (+222.7%) Share Price $32.55 Est. Cost/Share $29.80 Unrealized @ Report Date +9.2%

SAP SAP SE 0.5%

Value $28.02M (+77.9%) Shares 134,421 (+31.5%) Share Price $208.48 Est. Cost/Share $203.44 Unrealized @ Report Date +2.5%

CUZ COUSINS PPTYS INC 0.4%

Value $23.17M (+103.9%) Shares 838,250 (+121.2%) Share Price $27.64 Est. Cost/Share $28.70 Unrealized @ Report Date —

LPX LOUISIANA PAC CORP 1.0%

Value $59.03M (-15.9%) Shares 914,428 (+2.5%) Share Price $64.55 Est. Cost/Share $82.61 Unrealized @ Report Date -21.9%

ABT ABBOTT LABORATORIES 1.0%

Value $55.16M (+24.0%) Shares 558,162 (+13.8%) Share Price $98.83 Est. Cost/Share $102.33 Unrealized @ Report Date -3.4%

TEL TE CONNECTIVITY PLC 0.5%

Value $28.69M (+48.9%) Shares 135,900 (+42.2%) Share Price $211.08 Est. Cost/Share $211.22 Unrealized @ Report Date -0.1%

LHX L3HARRIS TECHNOLOGIES INC 0.7%

Value $41.28M (+26.3%) Shares 174,350 (+55.0%) Share Price $236.78 Est. Cost/Share $224.96 Unrealized @ Report Date +5.3%

AVNT AVIENT CORPORATION 0.9%

Value $48.15M (+20.3%) Shares 1,196,334 (+10.4%) Share Price $40.25 Est. Cost/Share $32.80 Unrealized @ Report Date +22.7%

KBH KB HOME 0.4%

Value $24.54M (-22.5%) Shares 528,098 (+4.4%) Share Price $46.47 Est. Cost/Share $59.78 Unrealized @ Report Date -22.3%

PRMB PRIMO BRANDS CORPORATION 2.2%

Value $123M (+6.1%) Shares 6,476,489 (+36.1%) Share Price $19.05 Est. Cost/Share $20.54 Unrealized @ Report Date -7.3%

RNST RENASANT CORP 0.5%

Value $29.59M (+30.6%) Shares 760,974 (+42.9%) Share Price $38.88 Est. Cost/Share $37.51 Unrealized @ Report Date +3.7%

KBR KBR INC 0.9%

Value $52.33M (+13.4%) Shares 1,488,327 (+11.4%) Share Price $35.16 Est. Cost/Share $35.05 Unrealized @ Report Date +0.3%

FBK FB FINL CORP 0.6%

Value $34.82M (+21.1%) Shares 673,591 (+29.7%) Share Price $51.70 Est. Cost/Share $52.66 Unrealized @ Report Date -1.8%

CVX CHEVRON CORPORATION 0.5%

Value $29.21M (+26.1%) Shares 143,032 (+2.3%) Share Price $204.21 Est. Cost/Share $80.06 Unrealized @ Report Date +155.1%

EXE EXPAND ENERGY CORPORATION 0.7%

Value $39.2M (+16.8%) Shares 466,115 (+26.6%) Share Price $84.09 Est. Cost/Share $81.75 Unrealized @ Report Date +2.9%

KFY KORN FERRY 1.0%

Value $55.07M (+10.6%) Shares 769,256 (+2.8%) Share Price $71.59 Est. Cost/Share $67.98 Unrealized @ Report Date +5.3%

MRSH MARSH & MCLENNAN COS INC 0.6%

Value $33.12M (+17.5%) Shares 194,002 (+14.7%) Share Price $170.73 Est. Cost/Share $192.62 Unrealized @ Report Date -11.4%

AVY AVERY DENNISON CORP 0.9%

Value $50.64M (+10.7%) Shares 296,695 (+5.3%) Share Price $170.67 Est. Cost/Share $174.08 Unrealized @ Report Date -2.0%

DTE DTE ENERGY CO 0.4%

Value $23.64M (-16.6%) Shares 194,059 (+4.3%) Share Price $121.80 Est. Cost/Share $112.58 Unrealized @ Report Date +8.2%

NXPI NXP SEMICONDUCTORS N V 0.5%

Value $26.48M (-14.0%) Shares 111,474 (+1.8%) Share Price $237.53 Est. Cost/Share $196.48 Unrealized @ Report Date +20.9%

COP CONOCOPHILLIPS 0.4%

Value $22.52M (+23.2%) Shares 179,928 (+2.3%) Share Price $125.15 Est. Cost/Share $41.01 Unrealized @ Report Date +205.1%

TX TERNIUM SA 0.2%

Value $11.41M (+58.1%) Shares 210,045 (+24.3%) Share Price $54.30 Est. Cost/Share $38.29 Unrealized @ Report Date +41.8%

ABM ABM INDS INC 0.5%

Value $27.61M (+17.3%) Shares 573,941 (+7.8%) Share Price $48.10 Est. Cost/Share $41.49 Unrealized @ Report Date +15.9%

JNJ JOHNSON & JOHNSON 1.1%

Value $62.86M (+6.8%) Shares 237,455 (+2.5%) Share Price $264.74 Est. Cost/Share $136.65 Unrealized @ Report Date +93.7%

HD HOME DEPOT INC 0.6%

Value $32.17M (-10.7%) Shares 113,067 (+10.7%) Share Price $284.49 Est. Cost/Share $325.61 Unrealized @ Report Date -12.6%

UGI UGI CORP NEW 0.9%

Value $50.01M (+8.2%) Shares 1,402,156 (+4.8%) Share Price $35.67 Est. Cost/Share $35.41 Unrealized @ Report Date +0.7%

FUL FULLER H B CO 0.8%

Value $44.01M (-7.4%) Shares 889,687 (+9.1%) Share Price $49.47 Est. Cost/Share $57.52 Unrealized @ Report Date -14.0%

AIN ALBANY INTL CORP 0.7%

Value $36.85M (+10.4%) Shares 618,181 (+38.0%) Share Price $59.61 Est. Cost/Share $56.08 Unrealized @ Report Date +6.3%

MATV MATIV HOLDINGS INC 0.1%

Value $7.571M (+79.1%) Shares 653,205 (+17.0%) Share Price $11.59 Est. Cost/Share $14.95 Unrealized @ Report Date -22.5%

EMN EASTMAN CHEM CO 0.7%

Value $37.6M (+9.2%) Shares 579,890 (+12.8%) Share Price $64.84 Est. Cost/Share $68.16 Unrealized @ Report Date -4.9%

COF CAPITAL ONE FINL CORP 0.6%

Value $32.47M (+10.1%) Shares 168,159 (+14.4%) Share Price $193.07 Est. Cost/Share $193.72 Unrealized @ Report Date -0.3%

PBR/A PETROLEO BRASILEIRO S A 0.2%

Value $9.394M (+43.5%) Shares 494,699 (+10.6%) Share Price $18.99 Est. Cost/Share $14.40 Unrealized @ Report Date +31.9%

MRTN MARTEN TRANS LTD 0.2%

Value $10.27M (-20.3%) Shares 794,530 (+7.0%) Share Price $12.92 Est. Cost/Share $14.75 Unrealized @ Report Date -12.4%

OMC OMNICOM GROUP INC 0.5%

Value $28.04M (+9.0%) Shares 380,783 (+7.8%) Share Price $73.63 Est. Cost/Share $78.56 Unrealized @ Report Date -6.3%

BALL BALL CORP 0.4%

Value $21.65M (-9.1%) Shares 386,359 (+1.2%) Share Price $56.03 Est. Cost/Share $55.20 Unrealized @ Report Date +1.5%

VTOL BRISTOW GROUP INC 0.1%

Value $4.482M (+88.4%) Shares 110,069 (+91.2%) Share Price $40.72 Est. Cost/Share $44.48 Unrealized @ Report Date -8.5%

RPM RPM INTL INC 0.9%

Value $53.44M (-3.4%) Shares 541,632 (+8.8%) Share Price $98.67 Est. Cost/Share $107.14 Unrealized @ Report Date -7.9%

LECO LINCOLN ELEC HLDGS INC 0.3%

Value $16.51M (+11.8%) Shares 62,386 (+12.2%) Share Price $264.58 Est. Cost/Share $219.06 Unrealized @ Report Date +20.8%

CXT CRANE NXT CO 1.6%

Value $91.4M (-1.8%) Shares 1,940,451 (+6.7%) Share Price $47.10 Est. Cost/Share $43.16 Unrealized @ Report Date +9.1%

GBX GREENBRIER COS INC 0.4%

Value $20.77M (-7.1%) Shares 518,426 (+13.7%) Share Price $40.07 Est. Cost/Share $51.46 Unrealized @ Report Date -22.1%

NSSC NAPCO SEC TECHNOLOGIES INC 0.3%

Value $17.09M (+10.1%) Shares 479,829 (+17.4%) Share Price $35.62 Est. Cost/Share $38.17 Unrealized @ Report Date -6.7%

NEE NEXTERA ENERGY INC 0.5%

Value $26.34M (+6.3%) Shares 347,731 (+23.2%) Share Price $75.74 Est. Cost/Share $74.12 Unrealized @ Report Date +2.2%

TFC TRUIST FINL CORP 0.6%

Value $34.46M (-4.0%) Shares 744,291 (+3.3%) Share Price $46.30 Est. Cost/Share $40.15 Unrealized @ Report Date +15.3%

BAP CREDICORP LTD 0.3%

Value $15.87M (+9.9%) Shares 41,783 (+12.7%) Share Price $379.87 Est. Cost/Share $198.03 Unrealized @ Report Date +91.8%

DLX DELUXE CORP MEDIUM TERM NTS 0.8%

Value $42.81M (+3.4%) Shares 1,863,918 (+7.5%) Share Price $22.97 Est. Cost/Share $25.25 Unrealized @ Report Date -9.0%

CG CARLYLE GROUP INC 0.4%

Value $25.02M (+5.6%) Shares 630,776 (+12.1%) Share Price $39.66 Est. Cost/Share $43.09 Unrealized @ Report Date -8.0%

DCI DONALDSON INC 0.9%

Value $48.97M (+2.7%) Shares 562,615 (+6.0%) Share Price $87.04 Est. Cost/Share $86.31 Unrealized @ Report Date +0.8%

TRGP TARGA RES CORP 0.5%

Value $30.82M (+4.2%) Shares 114,017 (+3.3%) Share Price $270.31 Est. Cost/Share $169.58 Unrealized @ Report Date +59.4%

GNTX GENTEX CORP 0.4%

Value $22.18M (-5.1%) Shares 1,020,223 (+10.3%) Share Price $21.74 Est. Cost/Share $23.62 Unrealized @ Report Date -8.0%

CHCT COMMUNITY HEALTHCARE TR INC 0.1%

Value $6.071M (-15.7%) Shares 428,140 (+8.7%) Share Price $14.18 Est. Cost/Share $26.26 Unrealized @ Report Date —

ELV ELEVANCE HEALTH INC FORMERLY 0.4%

Value $25.21M (+4.6%) Shares 64,838 (+4.0%) Share Price $388.82 Est. Cost/Share $323.49 Unrealized @ Report Date +20.2%

CARR CARRIER GLOBAL CORPORATION 0.8%

Value $42.8M (+2.6%) Shares 780,136 (+37.2%) Share Price $54.86 Est. Cost/Share $62.83 Unrealized @ Report Date -12.7%

BMA BANCO MACRO S A 0.1%

Value $3.922M (-20.0%) Shares 58,603 (+10.7%) Share Price $66.93 Est. Cost/Share $77.71 Unrealized @ Report Date -13.9%

SIRI SIRIUSXM HOLDINGS INC 0.6%

Value $33.98M (+2.6%) Shares 1,313,103 (+17.2%) Share Price $25.88 Est. Cost/Share $27.21 Unrealized @ Report Date -4.9%

RPC RIDGEPOST CAP INC 0.1%

Value $6.368M (+15.2%) Shares 857,100 (+22.0%) Share Price $7.43 Est. Cost/Share $9.20 Unrealized @ Report Date -19.2%

VNOM VIPER ENERGY INC 0.1%

Value $5.125M (+14.9%) Shares 128,490 (+22.2%) Share Price $39.89 Est. Cost/Share $39.16 Unrealized @ Report Date +1.9%

GM GENERAL MTRS CO 0.3%

Value $17.98M (+3.3%) Shares 233,565 (+3.5%) Share Price $77.00 Est. Cost/Share $38.34 Unrealized @ Report Date +100.8%

CPA COPA HOLDINGS SA 0.1%

Value $4.577M (+11.9%) Shares 34,717 (+32.1%) Share Price $131.85 Est. Cost/Share $128.65 Unrealized @ Report Date +2.5%

CX CEMEX SAB DE CV 0.2%

Value $8.615M (-4.9%) Shares 905,882 (+20.1%) Share Price $9.51 Est. Cost/Share $7.06 Unrealized @ Report Date +34.8%

WFC WELLS FARGO & CO 1.2%

Value $70.45M (-0.6%) Shares 880,037 (+2.6%) Share Price $80.05 Est. Cost/Share $39.34 Unrealized @ Report Date +103.5%

SYBT STOCK YDS BANCORP INC 0.1%

Value $6.251M (+6.9%) Shares 81,084 (+6.0%) Share Price $77.09 Est. Cost/Share $61.43 Unrealized @ Report Date +25.5%

ARTNA ARTESIAN RES CORP 0.1%

Value $3.245M (+11.6%) Shares 97,737 (+14.2%) Share Price $33.20 Est. Cost/Share $38.07 Unrealized @ Report Date -12.8%

PAC GRUPO AEROPORTUNARIO DEL PAC 0.2%

Value $9.367M (-2.4%) Shares 45,602 (+20.3%) Share Price $205.41 Est. Cost/Share $251.51 Unrealized @ Report Date -18.3%

UMH UMH PPTYS INC 0.0%

Value $2.683M (+7.5%) Shares 174,208 (+5.7%) Share Price $15.40 Est. Cost/Share $17.82 Unrealized @ Report Date —

CDRE CADRE HLDGS INC 0.1%

Value $6.034M (-1.9%) Shares 240,494 (+11.5%) Share Price $25.09 Est. Cost/Share $33.57 Unrealized @ Report Date -25.3%

PH PARKER-HANNIFIN CORP 0.8%

Value $46.99M (+0.1%) Shares 49,178 (+2.5%) Share Price $955.42 Est. Cost/Share $296.44 Unrealized @ Report Date +222.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	243,504 (+3.2%)	$125M (+41.9%)	2.2%	$512.90	$410.80	+24.9%	COM	594918104
PTEN	PATTERSON-UTI ENERGY INC	5,034,526 (+80.5%)	$54.98M (+114.7%)	1.0%	$10.92	$11.08	-1.4%	COM	703481101
WFRD	WEATHERFORD INTL PLC	819,381 (+87.7%)	$64.47M (+81.2%)	1.1%	$78.68	$94.77	-17.0%	ORD SHS	G48833118
BC	BRUNSWICK CORP	1,502,681 (+3.3%)	$96.53M (-21.2%)	1.7%	$64.24	$56.92	+12.9%	COM	117043109
WERN	WERNER ENTERPRISES INC	3,103,504 (+3.8%)	$105M (-19.2%)	1.9%	$33.98	$36.47	-6.8%	COM	950755108
MNRO	MONRO INC	2,173,398 (+367.8%)	$30.41M (+282.5%)	0.5%	$13.99	$14.76	-5.2%	COM	610236101
FELE	FRANKLIN ELEC INC	366,943 (+127.9%)	$35.19M (+103.9%)	0.6%	$95.89	$101.21	-5.3%	COM	353514102
RHI	ROBERT HALF INC.	2,618,523 (+2.0%)	$96.23M (+22.1%)	1.7%	$36.75	$42.33	-13.2%	COM	770323103
ICE	INTERCONTINENTAL EXCHANGE IN	271,578 (+39.2%)	$41.29M (+71.9%)	0.7%	$152.03	$158.74	-4.2%	COM	45866F104
FLS	FLOWSERVE CORP	1,609,390 (+18.8%)	$118M (+17.1%)	2.1%	$73.12	$53.24	+37.3%	COM	34354P105
HLNE	HAMILTON LANE INC	464,054 (+43.7%)	$40.31M (+58.3%)	0.7%	$86.86	$115.70	-24.9%	CL A	407497106
SIGI	SELECTIVE INS GROUP INC	396,116 (+93.7%)	$33.12M (+66.9%)	0.6%	$83.60	$89.52	-6.6%	COM	816300107
SMG	SCOTTS MIRACLE-GRO CO	1,289,586 (+12.9%)	$64.62M (-17.0%)	1.1%	$50.11	$58.03	-13.6%	CL A	810186106
VSH	VISHAY INTERTECHNOLOGY INC	778,354 (+222.7%)	$25.34M (+95.3%)	0.4%	$32.55	$29.80	+9.2%	COM	928298108
SAP	SAP SE	134,421 (+31.5%)	$28.02M (+77.9%)	0.5%	$208.48	$203.44	+2.5%	SPON ADR	803054204
CUZ	COUSINS PPTYS INC	838,250 (+121.2%)	$23.17M (+103.9%)	0.4%	$27.64	$28.70	—	COM NEW	222795502
LPX	LOUISIANA PAC CORP	914,428 (+2.5%)	$59.03M (-15.9%)	1.0%	$64.55	$82.61	-21.9%	COM	546347105
ABT	ABBOTT LABORATORIES	558,162 (+13.8%)	$55.16M (+24.0%)	1.0%	$98.83	$102.33	-3.4%	COM	002824100
TEL	TE CONNECTIVITY PLC	135,900 (+42.2%)	$28.69M (+48.9%)	0.5%	$211.08	$211.22	-0.1%	ORD SHS	G87052109
LHX	L3HARRIS TECHNOLOGIES INC	174,350 (+55.0%)	$41.28M (+26.3%)	0.7%	$236.78	$224.96	+5.3%	COM	502431109
AVNT	AVIENT CORPORATION	1,196,334 (+10.4%)	$48.15M (+20.3%)	0.9%	$40.25	$32.80	+22.7%	COM	05368V106
KBH	KB HOME	528,098 (+4.4%)	$24.54M (-22.5%)	0.4%	$46.47	$59.78	-22.3%	COM	48666K109
PRMB	PRIMO BRANDS CORPORATION	6,476,489 (+36.1%)	$123M (+6.1%)	2.2%	$19.05	$20.54	-7.3%	CLASS A COM SHS	741623102
RNST	RENASANT CORP	760,974 (+42.9%)	$29.59M (+30.6%)	0.5%	$38.88	$37.51	+3.7%	COM	75970E107
KBR	KBR INC	1,488,327 (+11.4%)	$52.33M (+13.4%)	0.9%	$35.16	$35.05	+0.3%	COM	48242W106
FBK	FB FINL CORP	673,591 (+29.7%)	$34.82M (+21.1%)	0.6%	$51.70	$52.66	-1.8%	COM	30257X104
CVX	CHEVRON CORPORATION	143,032 (+2.3%)	$29.21M (+26.1%)	0.5%	$204.21	$80.06	+155.1%	COM	166764100
EXE	EXPAND ENERGY CORPORATION	466,115 (+26.6%)	$39.2M (+16.8%)	0.7%	$84.09	$81.75	+2.9%	COM	165167735
KFY	KORN FERRY	769,256 (+2.8%)	$55.07M (+10.6%)	1.0%	$71.59	$67.98	+5.3%	COM NEW	500643200
MRSH	MARSH & MCLENNAN COS INC	194,002 (+14.7%)	$33.12M (+17.5%)	0.6%	$170.73	$192.62	-11.4%	COM	571748102
AVY	AVERY DENNISON CORP	296,695 (+5.3%)	$50.64M (+10.7%)	0.9%	$170.67	$174.08	-2.0%	COM	053611109
DTE	DTE ENERGY CO	194,059 (+4.3%)	$23.64M (-16.6%)	0.4%	$121.80	$112.58	+8.2%	COM	233331107
NXPI	NXP SEMICONDUCTORS N V	111,474 (+1.8%)	$26.48M (-14.0%)	0.5%	$237.53	$196.48	+20.9%	COM	N6596X109
COP	CONOCOPHILLIPS	179,928 (+2.3%)	$22.52M (+23.2%)	0.4%	$125.15	$41.01	+205.1%	COM	20825C104
TX	TERNIUM SA	210,045 (+24.3%)	$11.41M (+58.1%)	0.2%	$54.30	$38.29	+41.8%	SPONSORED ADS	880890108
ABM	ABM INDS INC	573,941 (+7.8%)	$27.61M (+17.3%)	0.5%	$48.10	$41.49	+15.9%	COM	000957100
JNJ	JOHNSON & JOHNSON	237,455 (+2.5%)	$62.86M (+6.8%)	1.1%	$264.74	$136.65	+93.7%	COM	478160104
HD	HOME DEPOT INC	113,067 (+10.7%)	$32.17M (-10.7%)	0.6%	$284.49	$325.61	-12.6%	COM	437076102
UGI	UGI CORP NEW	1,402,156 (+4.8%)	$50.01M (+8.2%)	0.9%	$35.67	$35.41	+0.7%	COM	902681105
FUL	FULLER H B CO	889,687 (+9.1%)	$44.01M (-7.4%)	0.8%	$49.47	$57.52	-14.0%	COM	359694106
AIN	ALBANY INTL CORP	618,181 (+38.0%)	$36.85M (+10.4%)	0.7%	$59.61	$56.08	+6.3%	CL A	012348108
MATV	MATIV HOLDINGS INC	653,205 (+17.0%)	$7.571M (+79.1%)	0.1%	$11.59	$14.95	-22.5%	COM	808541106
EMN	EASTMAN CHEM CO	579,890 (+12.8%)	$37.6M (+9.2%)	0.7%	$64.84	$68.16	-4.9%	COM	277432100
COF	CAPITAL ONE FINL CORP	168,159 (+14.4%)	$32.47M (+10.1%)	0.6%	$193.07	$193.72	-0.3%	COM	14040H105
PBR/A	PETROLEO BRASILEIRO S A	494,699 (+10.6%)	$9.394M (+43.5%)	0.2%	$18.99	$14.40	+31.9%	SP ADR NON VTG	71654V101
MRTN	MARTEN TRANS LTD	794,530 (+7.0%)	$10.27M (-20.3%)	0.2%	$12.92	$14.75	-12.4%	COM	573075108
OMC	OMNICOM GROUP INC	380,783 (+7.8%)	$28.04M (+9.0%)	0.5%	$73.63	$78.56	-6.3%	COM	681919106
BALL	BALL CORP	386,359 (+1.2%)	$21.65M (-9.1%)	0.4%	$56.03	$55.20	+1.5%	COM	058498106
VTOL	BRISTOW GROUP INC	110,069 (+91.2%)	$4.482M (+88.4%)	0.1%	$40.72	$44.48	-8.5%	COM	11040G103
RPM	RPM INTL INC	541,632 (+8.8%)	$53.44M (-3.4%)	0.9%	$98.67	$107.14	-7.9%	COM	749685103
LECO	LINCOLN ELEC HLDGS INC	62,386 (+12.2%)	$16.51M (+11.8%)	0.3%	$264.58	$219.06	+20.8%	COM	533900106
CXT	CRANE NXT CO	1,940,451 (+6.7%)	$91.4M (-1.8%)	1.6%	$47.10	$43.16	+9.1%	COM	224441105
GBX	GREENBRIER COS INC	518,426 (+13.7%)	$20.77M (-7.1%)	0.4%	$40.07	$51.46	-22.1%	COM	393657101
NSSC	NAPCO SEC TECHNOLOGIES INC	479,829 (+17.4%)	$17.09M (+10.1%)	0.3%	$35.62	$38.17	-6.7%	COM	630402105
NEE	NEXTERA ENERGY INC	347,731 (+23.2%)	$26.34M (+6.3%)	0.5%	$75.74	$74.12	+2.2%	COM	65339F101
TFC	TRUIST FINL CORP	744,291 (+3.3%)	$34.46M (-4.0%)	0.6%	$46.30	$40.15	+15.3%	COM	89832Q109
BAP	CREDICORP LTD	41,783 (+12.7%)	$15.87M (+9.9%)	0.3%	$379.87	$198.03	+91.8%	COM	G2519Y108
DLX	DELUXE CORP MEDIUM TERM NTS	1,863,918 (+7.5%)	$42.81M (+3.4%)	0.8%	$22.97	$25.25	-9.0%	COM	248019101
CG	CARLYLE GROUP INC	630,776 (+12.1%)	$25.02M (+5.6%)	0.4%	$39.66	$43.09	-8.0%	COM	14316J108
DCI	DONALDSON INC	562,615 (+6.0%)	$48.97M (+2.7%)	0.9%	$87.04	$86.31	+0.8%	COM	257651109
TRGP	TARGA RES CORP	114,017 (+3.3%)	$30.82M (+4.2%)	0.5%	$270.31	$169.58	+59.4%	COM	87612G101
GNTX	GENTEX CORP	1,020,223 (+10.3%)	$22.18M (-5.1%)	0.4%	$21.74	$23.62	-8.0%	COM	371901109
CHCT	COMMUNITY HEALTHCARE TR INC	428,140 (+8.7%)	$6.071M (-15.7%)	0.1%	$14.18	$26.26	—	COM	20369C106
ELV	ELEVANCE HEALTH INC FORMERLY	64,838 (+4.0%)	$25.21M (+4.6%)	0.4%	$388.82	$323.49	+20.2%	COM	036752103
CARR	CARRIER GLOBAL CORPORATION	780,136 (+37.2%)	$42.8M (+2.6%)	0.8%	$54.86	$62.83	-12.7%	COM	14448C104
BMA	BANCO MACRO S A	58,603 (+10.7%)	$3.922M (-20.0%)	0.1%	$66.93	$77.71	-13.9%	SPON ADR B	05961W105
SIRI	SIRIUSXM HOLDINGS INC	1,313,103 (+17.2%)	$33.98M (+2.6%)	0.6%	$25.88	$27.21	-4.9%	COMMON STOCK	829933100
RPC	RIDGEPOST CAP INC	857,100 (+22.0%)	$6.368M (+15.2%)	0.1%	$7.43	$9.20	-19.2%	CL A COM	69376K106
VNOM	VIPER ENERGY INC	128,490 (+22.2%)	$5.125M (+14.9%)	0.1%	$39.89	$39.16	+1.9%	CL A	64361Q101
GM	GENERAL MTRS CO	233,565 (+3.5%)	$17.98M (+3.3%)	0.3%	$77.00	$38.34	+100.8%	COM	37045V100
CPA	COPA HOLDINGS SA	34,717 (+32.1%)	$4.577M (+11.9%)	0.1%	$131.85	$128.65	+2.5%	CL A	P31076105
CX	CEMEX SAB DE CV	905,882 (+20.1%)	$8.615M (-4.9%)	0.2%	$9.51	$7.06	+34.8%	SPON ADR NEW	151290889
WFC	WELLS FARGO & CO	880,037 (+2.6%)	$70.45M (-0.6%)	1.2%	$80.05	$39.34	+103.5%	COM	949746101
SYBT	STOCK YDS BANCORP INC	81,084 (+6.0%)	$6.251M (+6.9%)	0.1%	$77.09	$61.43	+25.5%	COM	861025104
ARTNA	ARTESIAN RES CORP	97,737 (+14.2%)	$3.245M (+11.6%)	0.1%	$33.20	$38.07	-12.8%	CL A	043113208
PAC	GRUPO AEROPORTUNARIO DEL PAC	45,602 (+20.3%)	$9.367M (-2.4%)	0.2%	$205.41	$251.51	-18.3%	SPON ADS B	400506101
UMH	UMH PPTYS INC	174,208 (+5.7%)	$2.683M (+7.5%)	0.0%	$15.40	$17.82	—	COM	903002103
CDRE	CADRE HLDGS INC	240,494 (+11.5%)	$6.034M (-1.9%)	0.1%	$25.09	$33.57	-25.3%	COM	12763L105
PH	PARKER-HANNIFIN CORP	49,178 (+2.5%)	$46.99M (+0.1%)	0.8%	$955.42	$296.44	+222.3%	COM	701094104

Exited Positions (20)

VAC MARRIOTT VACATIONS WORLDWIDE 0.9%

Value $50.27M Shares 493,450 Share Price $101.88 Est. Cost/Share $65.47 Unrealized @ Report Date +56.2%

ALL ALLSTATE CORP 0.8%

Value $46.34M Shares 194,752 Share Price $237.94 * Est. Cost/Share $113.28 Unrealized @ Report Date +95.8%

HUBG HUB GROUP INC 0.8%

Value $42.6M Shares 972,824 Share Price $43.79 * Est. Cost/Share $34.34 Unrealized @ Report Date -13.9%

WD WALKER & DUNLOP INC 0.7%

Value $38.6M Shares 705,675 Share Price $54.70 * Est. Cost/Share $77.85 Unrealized @ Report Date -54.9%

XOM EXXON MOBIL CORP 0.6%

Value $35.97M Shares 263,117 Share Price $136.72 * Est. Cost/Share $55.38 Unrealized @ Report Date +193.9%

COLM COLUMBIA SPORTSWEAR CO 0.6%

Value $34.55M Shares 558,828 Share Price $61.82 * Est. Cost/Share $57.96 Unrealized @ Report Date -1.0%

BOH BANK HAWAII CORP 0.6%

Value $31.28M Shares 383,883 Share Price $81.49 * Est. Cost/Share $74.42 Unrealized @ Report Date -7.4%

MGEE MGE ENERGY INC 0.5%

Value $28.61M Shares 350,904 Share Price $81.54 * Est. Cost/Share $78.47 Unrealized @ Report Date -11.5%

NOG NORTHERN OIL & GAS INC 0.4%

Value $24.96M Shares 1,375,011 Share Price $18.15 * Est. Cost/Share $22.62 Unrealized @ Report Date +1.1%

CCK CROWN HLDGS INC 0.4%

Value $24.32M Shares 217,507 Share Price $111.82 * Est. Cost/Share $88.19 Unrealized @ Report Date +19.5%

FAF FIRST AMERN FINL CORP 0.4%

Value $20.44M Shares 297,938 Share Price $68.59 * Est. Cost/Share $51.62 Unrealized @ Report Date +17.7%

UPS UNITED PARCEL SVCS INC 0.3%

Value $17.95M Shares 166,942 Share Price $107.50 * Est. Cost/Share $123.98 Unrealized @ Report Date -24.6%

LCII LCI INDS 0.3%

Value $17.41M Shares 164,401 Share Price $105.88 * Est. Cost/Share $109.98 Unrealized @ Report Date -23.9%

ACN ACCENTURE PLC IRELAND 0.3%

Value $15.13M Shares 121,623 Share Price $124.44 * Est. Cost/Share $277.26 Unrealized @ Report Date -33.9%

NTAP NETAPP INC 0.2%

Value $13.11M Shares 84,680 Share Price $154.76 * Est. Cost/Share $100.15 Unrealized @ Report Date +109.8%

BSAC BANCO SANTANDER CHILE NEW 0.1%

Value $6.331M Shares 192,269 Share Price $32.93 Est. Cost/Share $31.18 Unrealized @ Report Date +7.0%

CCS CENTURY COMMUNITIES INC 0.1%

Value $4.297M Shares 59,959 Share Price $71.66 * Est. Cost/Share $57.86 Unrealized @ Report Date +4.1%

OXM OXFORD INDS INC 0.1%

Value $3.193M Shares 91,574 Share Price $34.87 * Est. Cost/Share $37.72 Unrealized @ Report Date -35.2%

MCFT MASTERCRAFT BOAT HLDGS INC 0.0%

Value $2.604M Shares 100,869 Share Price $25.82 * Est. Cost/Share $23.27 Unrealized @ Report Date -14.9%

KGS KODIAK GAS SVCS INC 0.0%

Value $1.176M Shares 15,655 Share Price $75.13 * Est. Cost/Share $34.14 Unrealized @ Report Date +55.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VAC	MARRIOTT VACATIONS WORLDWIDE	493,450	$50.27M	0.9%	$101.88	$65.47	+56.2%	—	57164Y107
ALL	ALLSTATE CORP	194,752	$46.34M	0.8%	$237.94 *	$113.28	+95.8%	—	020002101
HUBG	HUB GROUP INC	972,824	$42.6M	0.8%	$43.79 *	$34.34	-13.9%	—	443320106
WD	WALKER & DUNLOP INC	705,675	$38.6M	0.7%	$54.70 *	$77.85	-54.9%	—	93148P102
XOM	EXXON MOBIL CORP	263,117	$35.97M	0.6%	$136.72 *	$55.38	+193.9%	—	30231G102
COLM	COLUMBIA SPORTSWEAR CO	558,828	$34.55M	0.6%	$61.82 *	$57.96	-1.0%	—	198516106
BOH	BANK HAWAII CORP	383,883	$31.28M	0.6%	$81.49 *	$74.42	-7.4%	—	062540109
MGEE	MGE ENERGY INC	350,904	$28.61M	0.5%	$81.54 *	$78.47	-11.5%	—	55277P104
NOG	NORTHERN OIL & GAS INC	1,375,011	$24.96M	0.4%	$18.15 *	$22.62	+1.1%	—	665531307
CCK	CROWN HLDGS INC	217,507	$24.32M	0.4%	$111.82 *	$88.19	+19.5%	—	228368106
FAF	FIRST AMERN FINL CORP	297,938	$20.44M	0.4%	$68.59 *	$51.62	+17.7%	—	31847R102
UPS	UNITED PARCEL SVCS INC	166,942	$17.95M	0.3%	$107.50 *	$123.98	-24.6%	—	911312106
LCII	LCI INDS	164,401	$17.41M	0.3%	$105.88 *	$109.98	-23.9%	—	50189K103
ACN	ACCENTURE PLC IRELAND	121,623	$15.13M	0.3%	$124.44 *	$277.26	-33.9%	—	G1151C101
NTAP	NETAPP INC	84,680	$13.11M	0.2%	$154.76 *	$100.15	+109.8%	—	64110D104
BSAC	BANCO SANTANDER CHILE NEW	192,269	$6.331M	0.1%	$32.93	$31.18	+7.0%	—	05965X109
CCS	CENTURY COMMUNITIES INC	59,959	$4.297M	0.1%	$71.66 *	$57.86	+4.1%	—	156504300
OXM	OXFORD INDS INC	91,574	$3.193M	0.1%	$34.87 *	$37.72	-35.2%	—	691497309
MCFT	MASTERCRAFT BOAT HLDGS INC	100,869	$2.604M	0.0%	$25.82 *	$23.27	-14.9%	—	57637H103
KGS	KODIAK GAS SVCS INC	15,655	$1.176M	0.0%	$75.13 *	$34.14	+55.2%	—	50012A108

Decreased Positions (80)

NWL NEWELL BRANDS INC 1.6%

Value $90.14M (-32.3%) Shares 17,071,622 (-21.3%) Share Price $5.28 Est. Cost/Share $8.54 Unrealized @ Report Date -38.2%

MSM MSC INDL DIRECT INC 0.4%

Value $23.12M (-64.0%) Shares 186,882 (-65.4%) Share Price $123.72 Est. Cost/Share $84.09 Unrealized @ Report Date +47.1%

SNDK SANDISK CORP 0.5%

Value $30.09M (-55.7%) Shares 17,293 (-42.1%) Share Price $1739.89 Est. Cost/Share $43.86 Unrealized @ Report Date +3866.6%

TKR TIMKEN CO 0.7%

Value $39.76M (-48.1%) Shares 340,553 (-35.3%) Share Price $116.75 Est. Cost/Share $78.28 Unrealized @ Report Date +49.2%

GEF GREIF INC 0.4%

Value $24.5M (-59.2%) Shares 307,869 (-61.8%) Share Price $79.59 Est. Cost/Share $61.95 Unrealized @ Report Date +28.5%

WDC WESTERN DIGITAL CORP 0.4%

Value $23.16M (-57.8%) Shares 50,956 (-40.7%) Share Price $454.46 Est. Cost/Share $39.74 Unrealized @ Report Date +1043.5%

INDB INDEPENDENT BK CORP MASS 0.1%

Value $3.232M (-89.8%) Shares 41,617 (-89.0%) Share Price $77.65 Est. Cost/Share $62.97 Unrealized @ Report Date +23.3%

VFC V F CORP 0.5%

Value $27.23M (-48.6%) Shares 1,936,777 (-39.0%) Share Price $14.06 Est. Cost/Share $14.98 Unrealized @ Report Date -6.1%

WTTR SELECT WATER SOLUTIONS INC 0.8%

Value $47.05M (-31.7%) Shares 2,377,683 (-31.0%) Share Price $19.79 Est. Cost/Share $10.55 Unrealized @ Report Date —

WH WYNDHAM HOTELS & RESORTS INC 0.8%

Value $47.36M (-31.3%) Shares 659,227 (-19.5%) Share Price $71.84 Est. Cost/Share $77.47 Unrealized @ Report Date -7.3%

OC OWENS CORNING NEW 0.4%

Value $23.92M (-47.4%) Shares 204,917 (-28.3%) Share Price $116.74 Est. Cost/Share $121.51 Unrealized @ Report Date -3.9%

GBCI GLACIER BANCORP INC NEW 0.5%

Value $28.03M (-42.5%) Shares 648,765 (-31.3%) Share Price $43.20 Est. Cost/Share $41.78 Unrealized @ Report Date +3.4%

SSB SOUTHSTATE BK CORP 0.1%

Value $7.264M (-71.2%) Shares 72,959 (-71.1%) Share Price $99.56 Est. Cost/Share $97.49 Unrealized @ Report Date +2.1%

IPAR INTERPARFUMS INC 0.5%

Value $30.15M (-37.0%) Shares 271,747 (-36.5%) Share Price $110.96 Est. Cost/Share $94.69 Unrealized @ Report Date +17.2%

POOL POOL CORP 0.6%

Value $33.19M (-34.1%) Shares 205,035 (-12.5%) Share Price $161.87 Est. Cost/Share $239.26 Unrealized @ Report Date -32.3%

C CITIGROUP INC 1.3%

Value $76.33M (-16.0%) Shares 589,515 (-9.2%) Share Price $129.48 Est. Cost/Share $52.27 Unrealized @ Report Date +147.7%

KFRC KFORCE INC 0.2%

Value $9.151M (-59.1%) Shares 174,445 (-63.4%) Share Price $52.46 Est. Cost/Share $35.17 Unrealized @ Report Date +49.2%

RYN RAYONIER INC 1.3%

Value $73.52M (-15.1%) Shares 4,004,365 (-1.6%) Share Price $18.36 Est. Cost/Share $20.62 Unrealized @ Report Date —

TSM TAIWAN SEMICONDUCTOR MANUFAC 1.1%

Value $60.96M (-17.5%) Shares 133,621 (-13.6%) Share Price $456.19 Est. Cost/Share $83.74 Unrealized @ Report Date +444.8%

MDLZ MONDELEZ INTL INC 0.4%

Value $24.88M (-32.4%) Shares 430,326 (-32.4%) Share Price $57.82 Est. Cost/Share $61.84 Unrealized @ Report Date -6.5%

SNDR SCHNEIDER NATIONAL INC 1.1%

Value $60.13M (-15.8%) Shares 1,887,809 (-3.5%) Share Price $31.85 Est. Cost/Share $23.47 Unrealized @ Report Date +35.7%

UFPI UFP INDUSTRIES INC 0.8%

Value $46.19M (-17.1%) Shares 598,168 (-2.6%) Share Price $77.22 Est. Cost/Share $100.10 Unrealized @ Report Date -22.9%

KNX KNIGHT-SWIFT TRANSN HLDGS IN 0.7%

Value $37.53M (-19.9%) Shares 590,196 (-1.9%) Share Price $63.59 Est. Cost/Share $48.63 Unrealized @ Report Date +30.8%

MTCH MATCH GROUP INC NEW 0.8%

Value $45.45M (-16.4%) Shares 1,132,082 (-20.8%) Share Price $40.15 Est. Cost/Share $32.02 Unrealized @ Report Date +25.4%

WGO WINNEBAGO INDS INC 0.3%

Value $15.35M (-36.3%) Shares 582,128 (-24.6%) Share Price $26.37 Est. Cost/Share $38.41 Unrealized @ Report Date -31.3%

TTC TORO CO 0.8%

Value $45.66M (-13.1%) Shares 473,512 (-12.2%) Share Price $96.42 Est. Cost/Share $79.85 Unrealized @ Report Date +20.8%

IEX IDEX CORP 1.1%

Value $62.06M (-9.8%) Shares 272,218 (-10.2%) Share Price $227.98 Est. Cost/Share $196.42 Unrealized @ Report Date +16.1%

HIG HARTFORD INSURANCE GROUP INC 0.5%

Value $28.81M (-18.9%) Shares 235,463 (-12.1%) Share Price $122.36 Est. Cost/Share $45.47 Unrealized @ Report Date +169.1%

MKC MCCORMICK & CO INC 0.5%

Value $29.46M (-17.2%) Shares 634,844 (-10.0%) Share Price $46.40 Est. Cost/Share $63.99 Unrealized @ Report Date -27.5%

EG EVEREST GROUP LTD 0.7%

Value $37.87M (-13.8%) Shares 103,703 (-15.7%) Share Price $365.17 Est. Cost/Share $355.88 Unrealized @ Report Date +2.6%

CBU COMMUNITY FINANCIAL SYSTEM I 0.3%

Value $18.69M (-24.4%) Shares 313,905 (-14.7%) Share Price $59.54 Est. Cost/Share $61.45 Unrealized @ Report Date -3.1%

NBHC NATIONAL BK HLDGS CORP 0.6%

Value $34.67M (-13.7%) Shares 884,553 (-2.1%) Share Price $39.19 Est. Cost/Share $37.73 Unrealized @ Report Date +3.9%

SBCF SEACOAST BKG CORP FLA 0.5%

Value $28.55M (-16.1%) Shares 896,895 (-12.4%) Share Price $31.83 Est. Cost/Share $24.76 Unrealized @ Report Date +28.5%

CFR CULLEN FROST BANKERS INC 0.5%

Value $31.08M (-14.7%) Shares 203,550 (-13.7%) Share Price $152.67 Est. Cost/Share $121.89 Unrealized @ Report Date +25.2%

IBN ICICI BK LTD 0.2%

Value $11.46M (-31.1%) Shares 415,877 (-27.4%) Share Price $27.55 Est. Cost/Share $20.26 Unrealized @ Report Date +36.0%

AU ANGLOGOLD ASHANTI PLC 0.0%

Value $1.992M (-71.3%) Shares 21,203 (-75.3%) Share Price $93.95 Est. Cost/Share $94.96 Unrealized @ Report Date -1.1%

SCL STEPAN CO 1.0%

Value $56.94M (+9.1%) Shares 912,864 (-2.5%) Share Price $62.38 Est. Cost/Share $73.20 Unrealized @ Report Date -14.8%

CLX CLOROX CO DEL 0.1%

Value $7.802M (-37.1%) Shares 96,307 (-25.9%) Share Price $81.01 Est. Cost/Share $112.37 Unrealized @ Report Date -27.9%

RCKY ROCKY BRANDS INC 0.0%

Value $1.315M (-77.2%) Shares 29,432 (-79.0%) Share Price $44.69 Est. Cost/Share $25.84 Unrealized @ Report Date +72.9%

TNC TENNANT CO 0.2%

Value $10.56M (-29.5%) Shares 157,104 (-8.2%) Share Price $67.22 Est. Cost/Share $82.67 Unrealized @ Report Date -18.7%

HVT HAVERTY FURNITURE COS INC 0.0%

Value $1.784M (-69.9%) Shares 64,491 (-72.3%) Share Price $27.67 Est. Cost/Share $26.06 Unrealized @ Report Date +6.2%

BYD BOYD GAMING CORP 0.2%

Value $11.93M (-25.7%) Shares 179,147 (-1.5%) Share Price $66.57 Est. Cost/Share $83.95 Unrealized @ Report Date -20.7%

NTST NETSTREIT CORP 0.3%

Value $16.09M (-18.6%) Shares 910,059 (-2.7%) Share Price $17.68 Est. Cost/Share $16.68 Unrealized @ Report Date —

MLKN MILLERKNOLL INC 0.9%

Value $50.3M (-6.8%) Shares 2,558,344 (-3.0%) Share Price $19.66 Est. Cost/Share $20.37 Unrealized @ Report Date -3.5%

USB US BANCORP 0.7%

Value $39.36M (-7.8%) Shares 681,496 (-3.6%) Share Price $57.76 Est. Cost/Share $35.32 Unrealized @ Report Date +63.5%

MMI MARCUS & MILLICHAP INC 0.0%

Value $2.502M (-56.2%) Shares 87,940 (-52.0%) Share Price $28.45 Est. Cost/Share $34.24 Unrealized @ Report Date -16.9%

RTX RTX CORPORATION 0.6%

Value $35.04M (-8.1%) Shares 188,718 (-6.1%) Share Price $185.65 Est. Cost/Share $61.02 Unrealized @ Report Date +204.3%

IFF INTERNATIONAL FLAVORS&FRAGRA 0.6%

Value $36.53M (-6.9%) Shares 437,557 (-11.7%) Share Price $83.48 Est. Cost/Share $83.42 Unrealized @ Report Date +0.1%

KWR QUAKER HOUGHTON 0.7%

Value $38.74M (-6.4%) Shares 245,575 (-5.7%) Share Price $157.76 Est. Cost/Share $155.34 Unrealized @ Report Date +1.6%

FCX FREEPORT MCMORAN INC 0.6%

Value $35.39M (-6.5%) Shares 505,518 (-16.0%) Share Price $70.00 Est. Cost/Share $41.12 Unrealized @ Report Date +70.2%

MYE MYERS INDS INC 0.1%

Value $4.184M (-33.9%) Shares 135,975 (-24.1%) Share Price $30.77 Est. Cost/Share $15.87 Unrealized @ Report Date +93.9%

SPFI SOUTH PLAINS FINANCIAL INC 0.0%

Value $2.29M (-47.4%) Shares 54,879 (-45.7%) Share Price $41.73 Est. Cost/Share $33.52 Unrealized @ Report Date +24.5%

HY HYSTER-YALE INC 0.2%

Value $12.78M (-12.0%) Shares 405,954 (-1.9%) Share Price $31.47 Est. Cost/Share $35.04 Unrealized @ Report Date -10.2%

AIZ ASSURANT INC 0.5%

Value $30.41M (-5.4%) Shares 115,398 (-3.6%) Share Price $263.50 Est. Cost/Share $204.24 Unrealized @ Report Date +29.0%

TOWN TOWNEBANK PORTSMOUTH VA 0.1%

Value $3.575M (-30.7%) Shares 100,291 (-29.6%) Share Price $35.65 Est. Cost/Share $29.78 Unrealized @ Report Date +19.7%

UNP UNION PAC CORP 0.8%

Value $46.52M (-3.3%) Shares 170,961 (-3.3%) Share Price $272.13 Est. Cost/Share $208.01 Unrealized @ Report Date +30.8%

ITUB ITAU UNIBANCO HLDG S A 0.2%

Value $11.43M (-11.8%) Shares 1,339,622 (-15.6%) Share Price $8.53 Est. Cost/Share $5.81 Unrealized @ Report Date +46.7%

JCI JOHNSON CONTROLS INTERNATION 0.6%

Value $34.41M (-4.1%) Shares 231,500 (-5.7%) Share Price $148.65 Est. Cost/Share $58.27 Unrealized @ Report Date +155.1%

FSBC FIVE STAR BANCORP 0.0%

Value $964K (-58.9%) Shares 22,757 (-52.7%) Share Price $42.37 Est. Cost/Share $33.19 Unrealized @ Report Date +27.7%

OSPN ONESPAN INC 0.1%

Value $7.654M (+18.8%) Shares 427,359 (-4.8%) Share Price $17.91 Est. Cost/Share $13.76 Unrealized @ Report Date +30.1%

ADI ANALOG DEVICES INC 0.5%

Value $25.77M (-4.4%) Shares 64,956 (-4.3%) Share Price $396.71 Est. Cost/Share $156.21 Unrealized @ Report Date +154.0%

EMR EMERSON ELEC CO 0.8%

Value $42.97M (+2.8%) Shares 277,019 (-5.1%) Share Price $155.10 Est. Cost/Share $71.06 Unrealized @ Report Date +118.3%

SCCO SOUTHERN COPPER CORP 0.1%

Value $7.596M (-12.5%) Shares 37,486 (-24.8%) Share Price $202.64 Est. Cost/Share $54.29 Unrealized @ Report Date +273.3%

SMBK SMARTFINANCIAL INC 0.0%

Value $2.088M (-31.2%) Shares 42,128 (-34.9%) Share Price $49.57 Est. Cost/Share $24.37 Unrealized @ Report Date +103.4%

SHOO MADDEN STEVEN LTD 0.5%

Value $26.02M (+3.6%) Shares 581,143 (-2.6%) Share Price $44.77 Est. Cost/Share $40.46 Unrealized @ Report Date +10.6%

TCBK TRICO BANCSHARES 0.0%

Value $2.119M (-29.9%) Shares 41,392 (-26.3%) Share Price $51.19 Est. Cost/Share $37.29 Unrealized @ Report Date +37.3%

IOSP INNOSPEC INC 0.2%

Value $8.493M (+11.8%) Shares 89,102 (-4.5%) Share Price $95.32 Est. Cost/Share $78.22 Unrealized @ Report Date +21.9%

CMC COMMERCIAL METALS CO 0.5%

Value $27.51M (-3.1%) Shares 443,004 (-2.1%) Share Price $62.10 Est. Cost/Share $70.32 Unrealized @ Report Date -11.7%

NX QUANEX BLDG PRODS CORP 0.6%

Value $33.19M (-2.1%) Shares 1,758,816 (-3.4%) Share Price $18.87 Est. Cost/Share $24.17 Unrealized @ Report Date -21.9%

ASIX ADVANSIX INC 0.0%

Value $2.156M (-23.0%) Shares 135,443 (-3.9%) Share Price $15.92 Est. Cost/Share $24.05 Unrealized @ Report Date -33.8%

APC ARKO PETE CORP 0.0%

Value $1.872M (-25.0%) Shares 125,944 (-4.9%) Share Price $14.86 Est. Cost/Share $18.52 Unrealized @ Report Date -19.8%

BANR BANNER CORP 0.4%

Value $24.64M (-1.8%) Shares 367,820 (-2.7%) Share Price $67.00 Est. Cost/Share $63.54 Unrealized @ Report Date +5.4%

GABC GERMAN AMERN BANCORP INC 0.1%

Value $6.339M (-5.1%) Shares 131,089 (-6.8%) Share Price $48.36 Est. Cost/Share $35.36 Unrealized @ Report Date +36.8%

HBNC HORIZON BANCORP IND 0.0%

Value $2.1M (-10.9%) Shares 111,502 (-5.5%) Share Price $18.83 Est. Cost/Share $16.16 Unrealized @ Report Date +16.5%

HFWA HERITAGE FINL CORP WASH 0.0%

Value $1.89M (-11.2%) Shares 68,401 (-4.8%) Share Price $27.63 Est. Cost/Share $24.14 Unrealized @ Report Date +14.5%

MPB MID PENN BANCORP INC 0.0%

Value $2.372M (-3.9%) Shares 66,992 (-5.4%) Share Price $35.40 Est. Cost/Share $26.76 Unrealized @ Report Date +32.3%

FMBH FIRST MID BANCSHARES INC 0.0%

Value $2.264M (-3.2%) Shares 46,449 (-4.4%) Share Price $48.74 Est. Cost/Share $30.45 Unrealized @ Report Date +60.0%

WS WORTHINGTON STL INC 0.1%

Value $5.405M (+1.2%) Shares 153,426 (-3.6%) Share Price $35.23 Est. Cost/Share $29.50 Unrealized @ Report Date +19.4%

MLR MILLER INDS INC TENN 0.1%

Value $2.858M (-1.8%) Shares 54,321 (-4.5%) Share Price $52.61 Est. Cost/Share $42.69 Unrealized @ Report Date +23.2%

CASS CASS INFORMATION SYS INC 0.0%

Value $2.302M (-1.8%) Shares 43,224 (-5.3%) Share Price $53.25 Est. Cost/Share $47.40 Unrealized @ Report Date +12.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NWL	NEWELL BRANDS INC	17,071,622 (-21.3%)	$90.14M (-32.3%)	1.6%	$5.28	$8.54	-38.2%	COM	651229106
MSM	MSC INDL DIRECT INC	186,882 (-65.4%)	$23.12M (-64.0%)	0.4%	$123.72	$84.09	+47.1%	CL A	553530106
SNDK	SANDISK CORP	17,293 (-42.1%)	$30.09M (-55.7%)	0.5%	$1739.89	$43.86	+3866.6%	COM	80004C200
TKR	TIMKEN CO	340,553 (-35.3%)	$39.76M (-48.1%)	0.7%	$116.75	$78.28	+49.2%	COM	887389104
GEF	GREIF INC	307,869 (-61.8%)	$24.5M (-59.2%)	0.4%	$79.59	$61.95	+28.5%	CL A	397624107
WDC	WESTERN DIGITAL CORP	50,956 (-40.7%)	$23.16M (-57.8%)	0.4%	$454.46	$39.74	+1043.5%	COM	958102105
INDB	INDEPENDENT BK CORP MASS	41,617 (-89.0%)	$3.232M (-89.8%)	0.1%	$77.65	$62.97	+23.3%	COM	453836108
VFC	V F CORP	1,936,777 (-39.0%)	$27.23M (-48.6%)	0.5%	$14.06	$14.98	-6.1%	COM	918204108
WTTR	SELECT WATER SOLUTIONS INC	2,377,683 (-31.0%)	$47.05M (-31.7%)	0.8%	$19.79	$10.55	—	CL A COM	81617J301
WH	WYNDHAM HOTELS & RESORTS INC	659,227 (-19.5%)	$47.36M (-31.3%)	0.8%	$71.84	$77.47	-7.3%	COM	98311A105
OC	OWENS CORNING NEW	204,917 (-28.3%)	$23.92M (-47.4%)	0.4%	$116.74	$121.51	-3.9%	COM	690742101
GBCI	GLACIER BANCORP INC NEW	648,765 (-31.3%)	$28.03M (-42.5%)	0.5%	$43.20	$41.78	+3.4%	COM	37637Q105
SSB	SOUTHSTATE BK CORP	72,959 (-71.1%)	$7.264M (-71.2%)	0.1%	$99.56	$97.49	+2.1%	COM	84472E102
IPAR	INTERPARFUMS INC	271,747 (-36.5%)	$30.15M (-37.0%)	0.5%	$110.96	$94.69	+17.2%	COM	458334109
POOL	POOL CORP	205,035 (-12.5%)	$33.19M (-34.1%)	0.6%	$161.87	$239.26	-32.3%	COM	73278L105
C	CITIGROUP INC	589,515 (-9.2%)	$76.33M (-16.0%)	1.3%	$129.48	$52.27	+147.7%	COM NEW	172967424
KFRC	KFORCE INC	174,445 (-63.4%)	$9.151M (-59.1%)	0.2%	$52.46	$35.17	+49.2%	COM	493732101
RYN	RAYONIER INC	4,004,365 (-1.6%)	$73.52M (-15.1%)	1.3%	$18.36	$20.62	—	COM	754907103
TSM	TAIWAN SEMICONDUCTOR MANUFAC	133,621 (-13.6%)	$60.96M (-17.5%)	1.1%	$456.19	$83.74	+444.8%	SPONSORED ADS	874039100
MDLZ	MONDELEZ INTL INC	430,326 (-32.4%)	$24.88M (-32.4%)	0.4%	$57.82	$61.84	-6.5%	CL A	609207105
SNDR	SCHNEIDER NATIONAL INC	1,887,809 (-3.5%)	$60.13M (-15.8%)	1.1%	$31.85	$23.47	+35.7%	CL B	80689H102
UFPI	UFP INDUSTRIES INC	598,168 (-2.6%)	$46.19M (-17.1%)	0.8%	$77.22	$100.10	-22.9%	COM	90278Q108
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	590,196 (-1.9%)	$37.53M (-19.9%)	0.7%	$63.59	$48.63	+30.8%	CL A	499049104
MTCH	MATCH GROUP INC NEW	1,132,082 (-20.8%)	$45.45M (-16.4%)	0.8%	$40.15	$32.02	+25.4%	COM	57667L107
WGO	WINNEBAGO INDS INC	582,128 (-24.6%)	$15.35M (-36.3%)	0.3%	$26.37	$38.41	-31.3%	COM	974637100
TTC	TORO CO	473,512 (-12.2%)	$45.66M (-13.1%)	0.8%	$96.42	$79.85	+20.8%	COM	891092108
IEX	IDEX CORP	272,218 (-10.2%)	$62.06M (-9.8%)	1.1%	$227.98	$196.42	+16.1%	COM	45167R104
HIG	HARTFORD INSURANCE GROUP INC	235,463 (-12.1%)	$28.81M (-18.9%)	0.5%	$122.36	$45.47	+169.1%	COM	416515104
MKC	MCCORMICK & CO INC	634,844 (-10.0%)	$29.46M (-17.2%)	0.5%	$46.40	$63.99	-27.5%	COM NON VTG	579780206
EG	EVEREST GROUP LTD	103,703 (-15.7%)	$37.87M (-13.8%)	0.7%	$365.17	$355.88	+2.6%	COM	G3223R108
CBU	COMMUNITY FINANCIAL SYSTEM I	313,905 (-14.7%)	$18.69M (-24.4%)	0.3%	$59.54	$61.45	-3.1%	COM	203607106
NBHC	NATIONAL BK HLDGS CORP	884,553 (-2.1%)	$34.67M (-13.7%)	0.6%	$39.19	$37.73	+3.9%	CL A	633707104
SBCF	SEACOAST BKG CORP FLA	896,895 (-12.4%)	$28.55M (-16.1%)	0.5%	$31.83	$24.76	+28.5%	COM NEW	811707801
CFR	CULLEN FROST BANKERS INC	203,550 (-13.7%)	$31.08M (-14.7%)	0.5%	$152.67	$121.89	+25.2%	COM	229899109
IBN	ICICI BK LTD	415,877 (-27.4%)	$11.46M (-31.1%)	0.2%	$27.55	$20.26	+36.0%	ADR	45104G104
AU	ANGLOGOLD ASHANTI PLC	21,203 (-75.3%)	$1.992M (-71.3%)	0.0%	$93.95	$94.96	-1.1%	COM SHS	G0378L100
SCL	STEPAN CO	912,864 (-2.5%)	$56.94M (+9.1%)	1.0%	$62.38	$73.20	-14.8%	COM	858586100
CLX	CLOROX CO DEL	96,307 (-25.9%)	$7.802M (-37.1%)	0.1%	$81.01	$112.37	-27.9%	COM	189054109
RCKY	ROCKY BRANDS INC	29,432 (-79.0%)	$1.315M (-77.2%)	0.0%	$44.69	$25.84	+72.9%	COM	774515100
TNC	TENNANT CO	157,104 (-8.2%)	$10.56M (-29.5%)	0.2%	$67.22	$82.67	-18.7%	COM	880345103
HVT	HAVERTY FURNITURE COS INC	64,491 (-72.3%)	$1.784M (-69.9%)	0.0%	$27.67	$26.06	+6.2%	COM	419596101
BYD	BOYD GAMING CORP	179,147 (-1.5%)	$11.93M (-25.7%)	0.2%	$66.57	$83.95	-20.7%	COM	103304101
NTST	NETSTREIT CORP	910,059 (-2.7%)	$16.09M (-18.6%)	0.3%	$17.68	$16.68	—	COM	64119V303
MLKN	MILLERKNOLL INC	2,558,344 (-3.0%)	$50.3M (-6.8%)	0.9%	$19.66	$20.37	-3.5%	COM	600544100
USB	US BANCORP	681,496 (-3.6%)	$39.36M (-7.8%)	0.7%	$57.76	$35.32	+63.5%	COM NEW	902973304
MMI	MARCUS & MILLICHAP INC	87,940 (-52.0%)	$2.502M (-56.2%)	0.0%	$28.45	$34.24	-16.9%	COM	566324109
RTX	RTX CORPORATION	188,718 (-6.1%)	$35.04M (-8.1%)	0.6%	$185.65	$61.02	+204.3%	COM	75513E101
IFF	INTERNATIONAL FLAVORS&FRAGRA	437,557 (-11.7%)	$36.53M (-6.9%)	0.6%	$83.48	$83.42	+0.1%	COM	459506101
KWR	QUAKER HOUGHTON	245,575 (-5.7%)	$38.74M (-6.4%)	0.7%	$157.76	$155.34	+1.6%	COM	747316107
FCX	FREEPORT MCMORAN INC	505,518 (-16.0%)	$35.39M (-6.5%)	0.6%	$70.00	$41.12	+70.2%	CL B	35671D857
MYE	MYERS INDS INC	135,975 (-24.1%)	$4.184M (-33.9%)	0.1%	$30.77	$15.87	+93.9%	COM	628464109
SPFI	SOUTH PLAINS FINANCIAL INC	54,879 (-45.7%)	$2.29M (-47.4%)	0.0%	$41.73	$33.52	+24.5%	COM	83946P107
HY	HYSTER-YALE INC	405,954 (-1.9%)	$12.78M (-12.0%)	0.2%	$31.47	$35.04	-10.2%	CL A	449172105
AIZ	ASSURANT INC	115,398 (-3.6%)	$30.41M (-5.4%)	0.5%	$263.50	$204.24	+29.0%	COM	04621X108
TOWN	TOWNEBANK PORTSMOUTH VA	100,291 (-29.6%)	$3.575M (-30.7%)	0.1%	$35.65	$29.78	+19.7%	COM	89214P109
UNP	UNION PAC CORP	170,961 (-3.3%)	$46.52M (-3.3%)	0.8%	$272.13	$208.01	+30.8%	COM	907818108
ITUB	ITAU UNIBANCO HLDG S A	1,339,622 (-15.6%)	$11.43M (-11.8%)	0.2%	$8.53	$5.81	+46.7%	SPON ADR REP PFD	465562106
JCI	JOHNSON CONTROLS INTERNATION	231,500 (-5.7%)	$34.41M (-4.1%)	0.6%	$148.65	$58.27	+155.1%	SHS	G51502105
FSBC	FIVE STAR BANCORP	22,757 (-52.7%)	$964K (-58.9%)	0.0%	$42.37	$33.19	+27.7%	COM	33830T103
OSPN	ONESPAN INC	427,359 (-4.8%)	$7.654M (+18.8%)	0.1%	$17.91	$13.76	+30.1%	COM	68287N100
ADI	ANALOG DEVICES INC	64,956 (-4.3%)	$25.77M (-4.4%)	0.5%	$396.71	$156.21	+154.0%	COM	032654105
EMR	EMERSON ELEC CO	277,019 (-5.1%)	$42.97M (+2.8%)	0.8%	$155.10	$71.06	+118.3%	COM	291011104
SCCO	SOUTHERN COPPER CORP	37,486 (-24.8%)	$7.596M (-12.5%)	0.1%	$202.64	$54.29	+273.3%	COM	84265V105
SMBK	SMARTFINANCIAL INC	42,128 (-34.9%)	$2.088M (-31.2%)	0.0%	$49.57	$24.37	+103.4%	COM NEW	83190L208
SHOO	MADDEN STEVEN LTD	581,143 (-2.6%)	$26.02M (+3.6%)	0.5%	$44.77	$40.46	+10.6%	COM	556269108
TCBK	TRICO BANCSHARES	41,392 (-26.3%)	$2.119M (-29.9%)	0.0%	$51.19	$37.29	+37.3%	COM	896095106
IOSP	INNOSPEC INC	89,102 (-4.5%)	$8.493M (+11.8%)	0.2%	$95.32	$78.22	+21.9%	COM	45768S105
CMC	COMMERCIAL METALS CO	443,004 (-2.1%)	$27.51M (-3.1%)	0.5%	$62.10	$70.32	-11.7%	COM	201723103
NX	QUANEX BLDG PRODS CORP	1,758,816 (-3.4%)	$33.19M (-2.1%)	0.6%	$18.87	$24.17	-21.9%	COM	747619104
ASIX	ADVANSIX INC	135,443 (-3.9%)	$2.156M (-23.0%)	0.0%	$15.92	$24.05	-33.8%	COM	00773T101
APC	ARKO PETE CORP	125,944 (-4.9%)	$1.872M (-25.0%)	0.0%	$14.86	$18.52	-19.8%	CL A COM	04124A100
BANR	BANNER CORP	367,820 (-2.7%)	$24.64M (-1.8%)	0.4%	$67.00	$63.54	+5.4%	COM NEW	06652V208
GABC	GERMAN AMERN BANCORP INC	131,089 (-6.8%)	$6.339M (-5.1%)	0.1%	$48.36	$35.36	+36.8%	COM	373865104
HBNC	HORIZON BANCORP IND	111,502 (-5.5%)	$2.1M (-10.9%)	0.0%	$18.83	$16.16	+16.5%	COM	440407104
HFWA	HERITAGE FINL CORP WASH	68,401 (-4.8%)	$1.89M (-11.2%)	0.0%	$27.63	$24.14	+14.5%	COM	42722X106
MPB	MID PENN BANCORP INC	66,992 (-5.4%)	$2.372M (-3.9%)	0.0%	$35.40	$26.76	+32.3%	COM	59540G107
FMBH	FIRST MID BANCSHARES INC	46,449 (-4.4%)	$2.264M (-3.2%)	0.0%	$48.74	$30.45	+60.0%	COM	320866106
WS	WORTHINGTON STL INC	153,426 (-3.6%)	$5.405M (+1.2%)	0.1%	$35.23	$29.50	+19.4%	COM SHS	982104101
MLR	MILLER INDS INC TENN	54,321 (-4.5%)	$2.858M (-1.8%)	0.1%	$52.61	$42.69	+23.2%	COM NEW	600551204
CASS	CASS INFORMATION SYS INC	43,224 (-5.3%)	$2.302M (-1.8%)	0.0%	$53.25	$47.40	+12.3%	COM	14808P109

Unchanged Positions (9)

WHD CACTUS INC 1.0%

Value $54.08M Shares 869,238 Share Price $62.22 Est. Cost/Share $52.56 Unrealized @ Report Date +18.4%

FITB FIFTH THIRD BANCORP 0.8%

Value $46.16M Shares 912,615 Share Price $50.58 Est. Cost/Share $28.24 Unrealized @ Report Date +79.1%

THO THOR INDS INC 0.4%

Value $20.61M Shares 298,269 Share Price $69.10 Est. Cost/Share $88.21 Unrealized @ Report Date -21.7%

LKQ LKQ CORP 0.1%

Value $8.303M Shares 363,707 Share Price $22.83 Est. Cost/Share $36.82 Unrealized @ Report Date -38.0%

SNN SMITH & NEPHEW PLC 0.2%

Value $8.712M Shares 323,145 Share Price $26.96 Est. Cost/Share $28.51 Unrealized @ Report Date -5.4%

RGR STURM RUGER & CO INC 0.1%

Value $4.293M Shares 101,056 Share Price $42.48 Est. Cost/Share $36.91 Unrealized @ Report Date +15.1%

LW LAMB WESTON HLDGS INC 0.2%

Value $13.67M Shares 327,822 Share Price $41.69 Est. Cost/Share $67.38 Unrealized @ Report Date -38.1%

JPM JPMORGAN CHASE & CO 1.2%

Value $67.12M Shares 202,889 Share Price $330.83 Est. Cost/Share $130.89 Unrealized @ Report Date +152.8%

GS GOLDMAN SACHS GROUP INC 0.0%

Value $348K Shares 386 Share Price $900.36 Est. Cost/Share $289.66 Unrealized @ Report Date +210.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
WHD	CACTUS INC	869,238	$54.08M	1.0%	$62.22	$52.56	+18.4%	CL A	127203107
FITB	FIFTH THIRD BANCORP	912,615	$46.16M	0.8%	$50.58	$28.24	+79.1%	COM	316773100
THO	THOR INDS INC	298,269	$20.61M	0.4%	$69.10	$88.21	-21.7%	COM	885160101
LKQ	LKQ CORP	363,707	$8.303M	0.1%	$22.83	$36.82	-38.0%	COM	501889208
SNN	SMITH & NEPHEW PLC	323,145	$8.712M	0.2%	$26.96	$28.51	-5.4%	SPDN ADR NEW	83175M205
RGR	STURM RUGER & CO INC	101,056	$4.293M	0.1%	$42.48	$36.91	+15.1%	COM	864159108
LW	LAMB WESTON HLDGS INC	327,822	$13.67M	0.2%	$41.69	$67.38	-38.1%	COM	513272104
JPM	JPMORGAN CHASE & CO	202,889	$67.12M	1.2%	$330.83	$130.89	+152.8%	COM	46625H100
GS	GOLDMAN SACHS GROUP INC	386	$348K	0.0%	$900.36	$289.66	+210.8%	COM	38141G104