Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GTES	GATES INDL CORP LTD	3,025,054	$79.26M	2.1%	$26.20	$26.20	—	COM SHS	G39104107
ACIW	ACI WORLDWIDE INC	1,583,567	$77.4M	2.0%	$48.88	$53.72	-9.0%	COM	004498101
PATK	PATRICK INDS INC	619,515	$41.99M	1.1%	$67.78	$81.38	-16.7%	COM	703343103
DIOD	DIODES INC	420,188	$40.67M	1.1%	$96.79	$92.83	+4.3%	COM	254543101
POR	PORTLAND GEN ELEC CO	860,738	$38.41M	1.0%	$44.63	$49.75	-10.3%	COM NEW	736508847
MUR	MURPHY OIL CORP	574,518	$21.27M	0.6%	$37.02	$36.33	+1.9%	COM	626717102
ULS	UL SOLUTIONS INC	188,987	$12.4M	0.3%	$65.62	$78.34	-16.2%	CLASS A COM SHS	903731107
HQY	HEALTHEQUITY INC	92,409	$8.175M	0.2%	$88.46	$97.93	-9.7%	COM	42226A107
SPXC	SPX TECHNOLOGIES INC	43,271	$7.337M	0.2%	$169.56	$169.56	—	COM	78473E103
YUM	YUM BRANDS INC	45,667	$6.226M	0.2%	$136.34	$149.58	-8.9%	COM	988498101
SPCX	SPACE EXPLORATION TECHN CORP	36,943	$5.573M	0.1%	$150.86	$138.41	+9.0%	CLASS A COM STK	84615Q103
LAZ	LAZARD INC	143,878	$5.213M	0.1%	$36.23	$41.81	-13.3%	COM	52110M109

Increased Positions (25)

HP HELMERICH & PAYNE INC 1.3%

Value $49.63M (+9266.9%) Shares 1,336,266 (+8157.2%) Share Price $37.14 Est. Cost/Share $38.76 Unrealized @ Report Date -4.2%

TEX TEREX CORP NEW 1.5%

Value $56.92M (+211.6%) Shares 1,082,044 (+328.9%) Share Price $52.60 Est. Cost/Share $63.41 Unrealized @ Report Date -17.0%

AMZN AMAZON COM INC 0.8%

Value $30.52M (+65.4%) Shares 122,491 (+58.2%) Share Price $249.15 Est. Cost/Share $229.50 Unrealized @ Report Date +8.6%

GBCI GLACIER BANCORP INC NEW 2.0%

Value $77.02M (+16.0%) Shares 1,782,967 (+38.5%) Share Price $43.20 Est. Cost/Share $48.24 Unrealized @ Report Date -10.4%

GOOG ALPHABET INC 0.4%

Value $16.61M (+83.7%) Shares 48,757 (+90.5%) Share Price $340.74 Est. Cost/Share $252.81 Unrealized @ Report Date +34.8%

HRI HERC HLDGS INC 2.2%

Value $83.54M (-7.5%) Shares 669,389 (+6.2%) Share Price $124.80 Est. Cost/Share $131.23 Unrealized @ Report Date -4.9%

HPE HEWLETT PACKARD ENTERPRISE C 0.5%

Value $18.85M (+45.9%) Shares 295,033 (+3.0%) Share Price $63.89 Est. Cost/Share $36.60 Unrealized @ Report Date +74.6%

ABT ABBOTT LABORATORIES 0.4%

Value $15.09M (+60.5%) Shares 152,666 (+47.4%) Share Price $98.83 Est. Cost/Share $95.50 Unrealized @ Report Date +3.5%

PM PHILIP MORRIS INTL INC 0.4%

Value $16.69M (+43.7%) Shares 87,489 (+36.3%) Share Price $190.82 Est. Cost/Share $122.86 Unrealized @ Report Date +55.3%

LFUS LITTELFUSE INC 2.4%

Value $90.02M (-5.0%) Shares 212,453 (+2.1%) Share Price $423.74 Est. Cost/Share $251.80 Unrealized @ Report Date +68.3%

MKSI MKS INC. 0.2%

Value $8.274M (-31.1%) Shares 31,179 (+15.5%) Share Price $265.36 Est. Cost/Share $118.97 Unrealized @ Report Date +123.0%

NXST NEXSTAR MEDIA GROUP INC 2.3%

Value $89.25M (-2.4%) Shares 552,407 (+7.9%) Share Price $161.57 Est. Cost/Share $163.37 Unrealized @ Report Date -1.1%

ABG ASBURY AUTOMOTIVE GROUP INC 1.4%

Value $53.51M (+4.1%) Shares 310,564 (+21.5%) Share Price $172.30 Est. Cost/Share $195.40 Unrealized @ Report Date -11.8%

INTC INTEL CORP 0.5%

Value $19.84M (+10.4%) Shares 165,025 (+28.2%) Share Price $120.23 Est. Cost/Share $44.32 Unrealized @ Report Date +171.3%

BA BOEING CO 0.3%

Value $12.06M (+18.0%) Shares 64,810 (+37.4%) Share Price $186.05 Est. Cost/Share $206.28 Unrealized @ Report Date -9.8%

XYL XYLEM INC 0.3%

Value $12.11M (+17.2%) Shares 119,570 (+36.8%) Share Price $101.27 Est. Cost/Share $115.17 Unrealized @ Report Date -12.1%

UMBF UMB FINL CORP 0.2%

Value $7.629M (+21.4%) Shares 58,682 (+33.3%) Share Price $130.01 Est. Cost/Share $132.06 Unrealized @ Report Date -1.6%

LAD LITHIA MTRS INC 0.2%

Value $8.39M (+17.5%) Shares 28,750 (+16.9%) Share Price $291.83 Est. Cost/Share $298.74 Unrealized @ Report Date -2.3%

JBTM JBT MAREL CORPORATION 2.1%

Value $79.53M (+1.5%) Shares 753,197 (+39.4%) Share Price $105.59 Est. Cost/Share $129.32 Unrealized @ Report Date -18.3%

KMB KIMBERLY-CLARK CORP 0.3%

Value $10.84M (-8.0%) Shares 111,289 (+3.7%) Share Price $97.43 Est. Cost/Share $101.90 Unrealized @ Report Date -4.4%

SAIA SAIA INC 0.2%

Value $7.458M (-8.2%) Shares 22,347 (+15.9%) Share Price $333.74 Est. Cost/Share $311.58 Unrealized @ Report Date +7.1%

LW LAMB WESTON HLDGS INC 0.3%

Value $9.582M (+6.3%) Shares 229,849 (+10.1%) Share Price $41.69 Est. Cost/Share $43.72 Unrealized @ Report Date -4.6%

LOW LOWES COS INC 0.3%

Value $10.95M (-3.7%) Shares 59,407 (+15.2%) Share Price $184.29 Est. Cost/Share $237.04 Unrealized @ Report Date -22.3%

EVR EVERCORE INC 0.2%

Value $8.603M (-4.4%) Shares 33,408 (+26.7%) Share Price $257.50 Est. Cost/Share $227.66 Unrealized @ Report Date +13.1%

FTAI FTAI AVIATION LTD 0.3%

Value $11.07M (-2.7%) Shares 66,298 (+57.7%) Share Price $167.03 Est. Cost/Share $109.98 Unrealized @ Report Date +51.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HP	HELMERICH & PAYNE INC	1,336,266 (+8157.2%)	$49.63M (+9266.9%)	1.3%	$37.14	$38.76	-4.2%	COM	423452101
TEX	TEREX CORP NEW	1,082,044 (+328.9%)	$56.92M (+211.6%)	1.5%	$52.60	$63.41	-17.0%	COM	880779103
AMZN	AMAZON COM INC	122,491 (+58.2%)	$30.52M (+65.4%)	0.8%	$249.15	$229.50	+8.6%	COM	023135106
GBCI	GLACIER BANCORP INC NEW	1,782,967 (+38.5%)	$77.02M (+16.0%)	2.0%	$43.20	$48.24	-10.4%	COM	37637Q105
GOOG	ALPHABET INC	48,757 (+90.5%)	$16.61M (+83.7%)	0.4%	$340.74	$252.81	+34.8%	CAP STK CL C	02079K107
HRI	HERC HLDGS INC	669,389 (+6.2%)	$83.54M (-7.5%)	2.2%	$124.80	$131.23	-4.9%	COM	42704L104
HPE	HEWLETT PACKARD ENTERPRISE C	295,033 (+3.0%)	$18.85M (+45.9%)	0.5%	$63.89	$36.60	+74.6%	COM	42824C109
ABT	ABBOTT LABORATORIES	152,666 (+47.4%)	$15.09M (+60.5%)	0.4%	$98.83	$95.50	+3.5%	COM	002824100
PM	PHILIP MORRIS INTL INC	87,489 (+36.3%)	$16.69M (+43.7%)	0.4%	$190.82	$122.86	+55.3%	COM	718172109
LFUS	LITTELFUSE INC	212,453 (+2.1%)	$90.02M (-5.0%)	2.4%	$423.74	$251.80	+68.3%	COM	537008104
MKSI	MKS INC.	31,179 (+15.5%)	$8.274M (-31.1%)	0.2%	$265.36	$118.97	+123.0%	COM	55306N104
NXST	NEXSTAR MEDIA GROUP INC	552,407 (+7.9%)	$89.25M (-2.4%)	2.3%	$161.57	$163.37	-1.1%	COMMON STOCK	65336K103
ABG	ASBURY AUTOMOTIVE GROUP INC	310,564 (+21.5%)	$53.51M (+4.1%)	1.4%	$172.30	$195.40	-11.8%	COM	043436104
INTC	INTEL CORP	165,025 (+28.2%)	$19.84M (+10.4%)	0.5%	$120.23	$44.32	+171.3%	COM	458140100
BA	BOEING CO	64,810 (+37.4%)	$12.06M (+18.0%)	0.3%	$186.05	$206.28	-9.8%	COM	097023105
XYL	XYLEM INC	119,570 (+36.8%)	$12.11M (+17.2%)	0.3%	$101.27	$115.17	-12.1%	COM	98419M100
UMBF	UMB FINL CORP	58,682 (+33.3%)	$7.629M (+21.4%)	0.2%	$130.01	$132.06	-1.6%	COM	902788108
LAD	LITHIA MTRS INC	28,750 (+16.9%)	$8.39M (+17.5%)	0.2%	$291.83	$298.74	-2.3%	COM	536797103
JBTM	JBT MAREL CORPORATION	753,197 (+39.4%)	$79.53M (+1.5%)	2.1%	$105.59	$129.32	-18.3%	COM	477839104
KMB	KIMBERLY-CLARK CORP	111,289 (+3.7%)	$10.84M (-8.0%)	0.3%	$97.43	$101.90	-4.4%	COM	494368103
SAIA	SAIA INC	22,347 (+15.9%)	$7.458M (-8.2%)	0.2%	$333.74	$311.58	+7.1%	COM	78709Y105
LW	LAMB WESTON HLDGS INC	229,849 (+10.1%)	$9.582M (+6.3%)	0.3%	$41.69	$43.72	-4.6%	COM	513272104
LOW	LOWES COS INC	59,407 (+15.2%)	$10.95M (-3.7%)	0.3%	$184.29	$237.04	-22.3%	COM	548661107
EVR	EVERCORE INC	33,408 (+26.7%)	$8.603M (-4.4%)	0.2%	$257.50	$227.66	+13.1%	CLASS A	29977A105
FTAI	FTAI AVIATION LTD	66,298 (+57.7%)	$11.07M (-2.7%)	0.3%	$167.03	$109.98	+51.9%	SHS	G3730V105

Exited Positions (10)

GTES GATES INDL CORP PLC 2.6%

Value $99.02M Shares 3,540,056 Share Price $27.97 * Est. Cost/Share $18.00 Unrealized @ Report Date +45.6%

MSGE MADISON SQUARE GARDEN ENTMT 2.1%

Value $78.87M Shares 975,012 Share Price $80.89 Est. Cost/Share $34.39 Unrealized @ Report Date +132.9%

CRC CALIFORNIA RES CORP 1.1%

Value $43.44M Shares 821,628 Share Price $52.87 * Est. Cost/Share $47.34 Unrealized @ Report Date +7.3%

CTRI CENTURI HOLDINGS INC 0.5%

Value $20.04M Shares 662,735 Share Price $30.24 * Est. Cost/Share $23.92 Unrealized @ Report Date -16.2%

IBM INTERNATIONAL BUSINESS MACHS 0.4%

Value $15.48M Shares 55,045 Share Price $281.21 * Est. Cost/Share $215.61 Unrealized @ Report Date +2.0%

CSL CARLISLE COS INC 0.3%

Value $11.37M Shares 31,344 Share Price $362.75 * Est. Cost/Share $297.96 Unrealized @ Report Date +8.1%

SEI SOLARIS ENERGY INFRAS INC 0.3%

Value $10.16M Shares 126,243 Share Price $80.46 * Est. Cost/Share $26.55 Unrealized @ Report Date +168.1%

ELV ELEVANCE HEALTH INC FORMERLY 0.2%

Value $9.498M Shares 24,561 Share Price $386.73 Est. Cost/Share $380.18 Unrealized @ Report Date +2.3%

DVN DEVON ENERGY CORP NEW 0.2%

Value $6.33M Shares 153,183 Share Price $41.32 * Est. Cost/Share $46.35 Unrealized @ Report Date -0.7%

BLD TOPBUILD COR 0.1%

Value $5.097M Shares 14,376 Share Price $354.53 Est. Cost/Share $343.70 Unrealized @ Report Date +3.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GTES	GATES INDL CORP PLC	3,540,056	$99.02M	2.6%	$27.97 *	$18.00	+45.6%	—	G39108108
MSGE	MADISON SQUARE GARDEN ENTMT	975,012	$78.87M	2.1%	$80.89	$34.39	+132.9%	—	558256103
CRC	CALIFORNIA RES CORP	821,628	$43.44M	1.1%	$52.87 *	$47.34	+7.3%	—	13057Q305
CTRI	CENTURI HOLDINGS INC	662,735	$20.04M	0.5%	$30.24 *	$23.92	-16.2%	—	155923105
IBM	INTERNATIONAL BUSINESS MACHS	55,045	$15.48M	0.4%	$281.21 *	$215.61	+2.0%	—	459200101
CSL	CARLISLE COS INC	31,344	$11.37M	0.3%	$362.75 *	$297.96	+8.1%	—	142339100
SEI	SOLARIS ENERGY INFRAS INC	126,243	$10.16M	0.3%	$80.46 *	$26.55	+168.1%	—	83418M103
ELV	ELEVANCE HEALTH INC FORMERLY	24,561	$9.498M	0.2%	$386.73	$380.18	+2.3%	—	036752103
DVN	DEVON ENERGY CORP NEW	153,183	$6.33M	0.2%	$41.32 *	$46.35	-0.7%	—	25179M103
BLD	TOPBUILD COR	14,376	$5.097M	0.1%	$354.53	$343.70	+3.2%	—	89055F103

Decreased Positions (69)

LPX LOUISIANA PAC CORP 0.2%

Value $7.492M (-91.7%) Shares 116,061 (-89.9%) Share Price $64.55 Est. Cost/Share $73.84 Unrealized @ Report Date -12.6%

VVV VALVOLINE INC 1.8%

Value $70.45M (-37.7%) Shares 2,337,405 (-18.2%) Share Price $30.14 Est. Cost/Share $34.51 Unrealized @ Report Date -12.7%

OSW ONESPAWORLD HOLDINGS LIMITED 1.2%

Value $45.8M (-47.6%) Shares 2,036,532 (-34.2%) Share Price $22.49 Est. Cost/Share $12.43 Unrealized @ Report Date +81.0%

CDP COPT DEFENSE PROPERTIES 1.9%

Value $72.78M (-30.8%) Shares 2,178,995 (-24.7%) Share Price $33.40 Est. Cost/Share $26.45 Unrealized @ Report Date —

ATMU ATMUS FILTRATION TECHNOLOGIE 1.5%

Value $55.68M (-36.7%) Shares 1,282,339 (-25.7%) Share Price $43.42 Est. Cost/Share $44.15 Unrealized @ Report Date -1.6%

TKR TIMKEN CO 1.9%

Value $73.46M (-30.0%) Shares 629,184 (-12.9%) Share Price $116.75 Est. Cost/Share $77.57 Unrealized @ Report Date +50.5%

PSN PARSONS CORP DEL 2.1%

Value $79.82M (-25.0%) Shares 1,948,264 (-4.1%) Share Price $40.97 Est. Cost/Share $59.96 Unrealized @ Report Date -31.7%

CWK CUSHMAN AND WAKEFIELD LTD 1.3%

Value $48.85M (-34.5%) Shares 4,136,599 (-25.7%) Share Price $11.81 Est. Cost/Share $15.71 Unrealized @ Report Date -24.8%

AXTA AXALTA COATING SYS LTD 2.3%

Value $88.59M (-22.3%) Shares 2,754,569 (-17.4%) Share Price $32.16 Est. Cost/Share $29.12 Unrealized @ Report Date +10.4%

BC BRUNSWICK CORP 1.8%

Value $68.17M (-26.8%) Shares 1,061,193 (-4.0%) Share Price $64.24 Est. Cost/Share $72.20 Unrealized @ Report Date -11.0%

HXL HEXCEL CORP NEW 1.9%

Value $70.63M (-24.1%) Shares 841,641 (-9.5%) Share Price $83.92 Est. Cost/Share $59.04 Unrealized @ Report Date +42.1%

FAF FIRST AMERN FINL CORP 2.0%

Value $76.59M (-21.7%) Shares 1,260,881 (-11.6%) Share Price $60.74 Est. Cost/Share $58.19 Unrealized @ Report Date +4.4%

BYD BOYD GAMING CORP 1.3%

Value $48.25M (-27.6%) Shares 724,805 (-3.9%) Share Price $66.57 Est. Cost/Share $42.00 Unrealized @ Report Date +58.5%

HWC HANCOCK WHITNEY CORPORATION 2.0%

Value $76.88M (-18.5%) Shares 1,067,182 (-15.4%) Share Price $72.04 Est. Cost/Share $60.97 Unrealized @ Report Date +18.2%

APAM ARTISAN PARTNERS ASSET MGMT 1.3%

Value $49.28M (-23.1%) Shares 1,364,373 (-26.5%) Share Price $36.12 Est. Cost/Share $28.25 Unrealized @ Report Date +27.8%

OSIS OSI SYSTEMS INC 2.1%

Value $80.61M (-14.9%) Shares 414,703 (-4.2%) Share Price $194.37 Est. Cost/Share $264.47 Unrealized @ Report Date -26.5%

ABCB AMERIS BANCORP 2.0%

Value $75.72M (-15.6%) Shares 952,213 (-4.2%) Share Price $79.52 Est. Cost/Share $85.03 Unrealized @ Report Date -6.5%

RRX REGAL REXNORD CORPORATION 0.2%

Value $8.34M (-62.5%) Shares 53,770 (-42.4%) Share Price $155.11 Est. Cost/Share $188.11 Unrealized @ Report Date -17.5%

MC MOELIS & CO 1.9%

Value $73.72M (-15.8%) Shares 1,281,707 (-4.2%) Share Price $57.52 Est. Cost/Share $64.87 Unrealized @ Report Date -11.3%

DORM DORMAN PRODS INC 2.0%

Value $78.16M (-13.9%) Shares 637,520 (-4.2%) Share Price $122.60 Est. Cost/Share $118.48 Unrealized @ Report Date +3.5%

CXT CRANE NXT CO 2.4%

Value $90.01M (-11.8%) Shares 1,911,036 (-4.2%) Share Price $47.10 Est. Cost/Share $55.84 Unrealized @ Report Date -15.7%

SWX SOUTHWEST GAS HLDGS INC 2.2%

Value $83.97M (-11.9%) Shares 1,029,744 (-4.2%) Share Price $81.54 Est. Cost/Share $70.83 Unrealized @ Report Date +15.1%

AVNT AVIENT CORPORATION 2.0%

Value $77.86M (-11.7%) Shares 1,934,502 (-18.9%) Share Price $40.25 Est. Cost/Share $30.78 Unrealized @ Report Date +30.8%

MGRC MCGRATH RENTCORP 2.4%

Value $91.48M (-9.5%) Shares 799,996 (-4.2%) Share Price $114.35 Est. Cost/Share $115.61 Unrealized @ Report Date -1.1%

AMG AFFILIATED MANAGERS GROUP 2.4%

Value $93.4M (-8.8%) Shares 255,475 (-15.5%) Share Price $365.61 Est. Cost/Share $143.81 Unrealized @ Report Date +154.2%

INDB INDEPENDENT BK CORP MASS 1.9%

Value $70.91M (-11.2%) Shares 913,220 (-4.2%) Share Price $77.65 Est. Cost/Share $78.41 Unrealized @ Report Date -1.0%

STAG STAG INDUSTRIAL INC 2.0%

Value $75.03M (-9.9%) Shares 2,095,313 (-4.2%) Share Price $35.81 Est. Cost/Share $35.19 Unrealized @ Report Date —

RNST RENASANT CORP 1.5%

Value $56.34M (-12.4%) Shares 1,449,140 (-4.2%) Share Price $38.88 Est. Cost/Share $37.21 Unrealized @ Report Date +4.5%

ONB OLD NATL BANCORP IND 2.1%

Value $81.8M (-8.8%) Shares 3,319,734 (-4.2%) Share Price $24.64 Est. Cost/Share $24.03 Unrealized @ Report Date +2.6%

PNC PNC FINL SVCS GROUP INC 0.2%

Value $6.915M (-53.2%) Shares 31,111 (-48.2%) Share Price $222.26 Est. Cost/Share $171.80 Unrealized @ Report Date +29.4%

GS GOLDMAN SACHS GROUP INC 0.1%

Value $5.029M (-55.5%) Shares 5,585 (-50.0%) Share Price $900.36 Est. Cost/Share $332.66 Unrealized @ Report Date +170.7%

NKE NIKE INC 0.1%

Value $5.654M (-51.2%) Shares 159,718 (-43.4%) Share Price $35.40 Est. Cost/Share $60.59 Unrealized @ Report Date -41.6%

ONTO ONTO INNOVATION INC 0.1%

Value $5.612M (-45.1%) Shares 18,231 (-32.5%) Share Price $307.82 Est. Cost/Share $133.26 Unrealized @ Report Date +131.0%

CR CRANE COMPANY 0.3%

Value $10M (-29.8%) Shares 49,032 (-23.3%) Share Price $204.02 Est. Cost/Share $153.33 Unrealized @ Report Date +33.1%

WFC WELLS FARGO & CO 0.3%

Value $12.55M (-24.2%) Shares 156,791 (-21.7%) Share Price $80.05 Est. Cost/Share $48.02 Unrealized @ Report Date +66.7%

NCLH NORWEGIAN CRUISE LINE HLDGS 0.2%

Value $7.307M (-33.2%) Shares 498,424 (-3.8%) Share Price $14.66 Est. Cost/Share $21.75 Unrealized @ Report Date -32.6%

CFG CITIZENS FINL GROUP INC 0.2%

Value $8.102M (-29.6%) Shares 127,068 (-22.6%) Share Price $63.76 Est. Cost/Share $50.04 Unrealized @ Report Date +27.4%

BAC BANK OF AMER CORP 0.3%

Value $10.71M (-23.2%) Shares 196,714 (-19.6%) Share Price $54.43 Est. Cost/Share $43.33 Unrealized @ Report Date +25.6%

ARMK ARAMARK 0.3%

Value $10.3M (-22.6%) Shares 192,314 (-17.8%) Share Price $53.55 Est. Cost/Share $24.27 Unrealized @ Report Date +120.6%

XPO XPO INC 0.2%

Value $7.853M (-27.5%) Shares 44,625 (-15.4%) Share Price $175.98 Est. Cost/Share $40.60 Unrealized @ Report Date +333.4%

PCAR PACCAR INC 0.2%

Value $6.499M (-29.6%) Shares 59,181 (-23.0%) Share Price $109.81 Est. Cost/Share $90.92 Unrealized @ Report Date +20.8%

WMS ADVANCED DRAIN SYS INC DEL 0.2%

Value $8.711M (-22.4%) Shares 68,749 (-3.8%) Share Price $126.71 Est. Cost/Share $144.43 Unrealized @ Report Date -12.3%

MSA MSA SAFETY INC 2.7%

Value $102M (-2.4%) Shares 575,045 (-4.2%) Share Price $177.88 Est. Cost/Share $129.76 Unrealized @ Report Date +37.1%

NTAP NETAPP INC 0.3%

Value $9.813M (-19.6%) Shares 46,713 (-40.7%) Share Price $210.08 Est. Cost/Share $130.72 Unrealized @ Report Date +60.7%

HPQ HP INC 0.5%

Value $18.11M (+12.7%) Shares 578,909 (-20.9%) Share Price $31.28 Est. Cost/Share $22.12 Unrealized @ Report Date +41.4%

OMF ONEMAIN HLDGS INC 0.2%

Value $6.09M (-24.8%) Shares 109,946 (-17.2%) Share Price $55.39 Est. Cost/Share $54.11 Unrealized @ Report Date +2.4%

LH LABCORP HOLDINGS INC 0.3%

Value $9.563M (-17.2%) Shares 31,039 (-24.8%) Share Price $308.11 Est. Cost/Share $206.68 Unrealized @ Report Date +49.1%

BCO BRINKS CO 2.1%

Value $80.93M (+2.4%) Shares 801,324 (-4.2%) Share Price $100.99 Est. Cost/Share $74.73 Unrealized @ Report Date +35.1%

ATI ATI INC 0.2%

Value $9.333M (-16.6%) Shares 49,276 (-13.2%) Share Price $189.40 Est. Cost/Share $38.42 Unrealized @ Report Date +393.0%

TXN TEXAS INSTRS INC 0.3%

Value $11.17M (-14.0%) Shares 39,874 (-8.5%) Share Price $280.09 Est. Cost/Share $189.07 Unrealized @ Report Date +48.1%

PNW PINNACLE WEST CAP CORP 0.2%

Value $8.327M (-16.4%) Shares 89,496 (-3.8%) Share Price $93.04 Est. Cost/Share $86.69 Unrealized @ Report Date +7.3%

WTFC WINTRUST FINL CORP 0.2%

Value $8.888M (-15.1%) Shares 62,671 (-3.8%) Share Price $141.82 Est. Cost/Share $85.00 Unrealized @ Report Date +66.8%

COLB COLUMBIA BKG SYS INC 0.2%

Value $9.483M (-14.2%) Shares 331,566 (-3.8%) Share Price $28.60 Est. Cost/Share $26.60 Unrealized @ Report Date +7.5%

PKG PACKAGING CORP AMER 0.2%

Value $7.564M (-16.7%) Shares 32,994 (-13.4%) Share Price $229.26 Est. Cost/Share $193.88 Unrealized @ Report Date +18.2%

LKQ LKQ CORP 0.2%

Value $7.327M (-15.9%) Shares 320,932 (-3.1%) Share Price $22.83 Est. Cost/Share $35.43 Unrealized @ Report Date -35.6%

PNFP PINNACLE FINL PARTNERS INC 0.3%

Value $10.48M (-10.8%) Shares 111,989 (-3.8%) Share Price $93.61 Est. Cost/Share $93.49 Unrealized @ Report Date +0.1%

SF STIFEL FINL CORP 0.2%

Value $8.017M (-10.5%) Shares 114,461 (-10.8%) Share Price $70.04 Est. Cost/Share $50.25 Unrealized @ Report Date +39.4%

GILD GILEAD SCIENCES INC 0.3%

Value $10.01M (+10.3%) Shares 67,145 (-6.5%) Share Price $149.05 Est. Cost/Share $86.56 Unrealized @ Report Date +72.2%

FCX FREEPORT MCMORAN INC 0.3%

Value $10.26M (+9.4%) Shares 146,546 (-1.7%) Share Price $70.00 Est. Cost/Share $41.05 Unrealized @ Report Date +70.5%

PR PERMIAN RESOURCES CORP 0.2%

Value $9.377M (+10.3%) Shares 443,972 (-3.8%) Share Price $21.12 Est. Cost/Share $14.54 Unrealized @ Report Date +45.2%

BRO BROWN & BROWN INC 0.3%

Value $10.31M (-7.4%) Shares 169,318 (-2.5%) Share Price $60.90 Est. Cost/Share $75.60 Unrealized @ Report Date -19.4%

ITT ITT INC 0.3%

Value $10.15M (-7.2%) Shares 50,304 (-9.1%) Share Price $201.82 Est. Cost/Share $73.70 Unrealized @ Report Date +173.8%

CSW CSW INDUSTRIALS INC 2.2%

Value $82.62M (-0.8%) Shares 286,793 (-4.2%) Share Price $288.08 Est. Cost/Share $278.57 Unrealized @ Report Date +3.4%

STT STATE STR CORP 0.4%

Value $14.86M (-3.9%) Shares 85,097 (-6.6%) Share Price $174.59 Est. Cost/Share $95.52 Unrealized @ Report Date +82.8%

JLL JONES LANG LASALLE INC 0.2%

Value $9.206M (-5.2%) Shares 30,133 (-3.8%) Share Price $305.52 Est. Cost/Share $273.10 Unrealized @ Report Date +11.9%

EGP EASTGROUP PPTYS INC 0.2%

Value $7.364M (-6.2%) Shares 37,293 (-3.8%) Share Price $197.45 Est. Cost/Share $172.81 Unrealized @ Report Date —

SSB SOUTHSTATE BK CORP 0.3%

Value $10.07M (-4.2%) Shares 101,191 (-3.8%) Share Price $99.56 Est. Cost/Share $96.64 Unrealized @ Report Date +3.0%

PAYX PAYCHEX INC 0.3%

Value $12.1M (-1.6%) Shares 122,847 (-1.7%) Share Price $98.50 Est. Cost/Share $97.29 Unrealized @ Report Date +1.2%

ITGR INTEGER HLDGS CORP 0.0%

Value $323K (+29.7%) Shares 2,554 (-4.1%) Share Price $126.35 Est. Cost/Share $94.24 Unrealized @ Report Date +34.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
LPX	LOUISIANA PAC CORP	116,061 (-89.9%)	$7.492M (-91.7%)	0.2%	$64.55	$73.84	-12.6%	COM	546347105
VVV	VALVOLINE INC	2,337,405 (-18.2%)	$70.45M (-37.7%)	1.8%	$30.14	$34.51	-12.7%	COM	92047W101
OSW	ONESPAWORLD HOLDINGS LIMITED	2,036,532 (-34.2%)	$45.8M (-47.6%)	1.2%	$22.49	$12.43	+81.0%	COM	P73684113
CDP	COPT DEFENSE PROPERTIES	2,178,995 (-24.7%)	$72.78M (-30.8%)	1.9%	$33.40	$26.45	—	SHS BEN INT	22002T108
ATMU	ATMUS FILTRATION TECHNOLOGIE	1,282,339 (-25.7%)	$55.68M (-36.7%)	1.5%	$43.42	$44.15	-1.6%	COM	04956D107
TKR	TIMKEN CO	629,184 (-12.9%)	$73.46M (-30.0%)	1.9%	$116.75	$77.57	+50.5%	COM	887389104
PSN	PARSONS CORP DEL	1,948,264 (-4.1%)	$79.82M (-25.0%)	2.1%	$40.97	$59.96	-31.7%	COM	70202L102
CWK	CUSHMAN AND WAKEFIELD LTD	4,136,599 (-25.7%)	$48.85M (-34.5%)	1.3%	$11.81	$15.71	-24.8%	COMMON SHARES	G2717C106
AXTA	AXALTA COATING SYS LTD	2,754,569 (-17.4%)	$88.59M (-22.3%)	2.3%	$32.16	$29.12	+10.4%	COM	G0750C108
BC	BRUNSWICK CORP	1,061,193 (-4.0%)	$68.17M (-26.8%)	1.8%	$64.24	$72.20	-11.0%	COM	117043109
HXL	HEXCEL CORP NEW	841,641 (-9.5%)	$70.63M (-24.1%)	1.9%	$83.92	$59.04	+42.1%	COM	428291108
FAF	FIRST AMERN FINL CORP	1,260,881 (-11.6%)	$76.59M (-21.7%)	2.0%	$60.74	$58.19	+4.4%	COM	31847R102
BYD	BOYD GAMING CORP	724,805 (-3.9%)	$48.25M (-27.6%)	1.3%	$66.57	$42.00	+58.5%	COM	103304101
HWC	HANCOCK WHITNEY CORPORATION	1,067,182 (-15.4%)	$76.88M (-18.5%)	2.0%	$72.04	$60.97	+18.2%	COM	410120109
APAM	ARTISAN PARTNERS ASSET MGMT	1,364,373 (-26.5%)	$49.28M (-23.1%)	1.3%	$36.12	$28.25	+27.8%	CL A	04316A108
OSIS	OSI SYSTEMS INC	414,703 (-4.2%)	$80.61M (-14.9%)	2.1%	$194.37	$264.47	-26.5%	COM	671044105
ABCB	AMERIS BANCORP	952,213 (-4.2%)	$75.72M (-15.6%)	2.0%	$79.52	$85.03	-6.5%	COM	03076K108
RRX	REGAL REXNORD CORPORATION	53,770 (-42.4%)	$8.34M (-62.5%)	0.2%	$155.11	$188.11	-17.5%	COM	758750103
MC	MOELIS & CO	1,281,707 (-4.2%)	$73.72M (-15.8%)	1.9%	$57.52	$64.87	-11.3%	CL A	60786M105
DORM	DORMAN PRODS INC	637,520 (-4.2%)	$78.16M (-13.9%)	2.0%	$122.60	$118.48	+3.5%	COM	258278100
CXT	CRANE NXT CO	1,911,036 (-4.2%)	$90.01M (-11.8%)	2.4%	$47.10	$55.84	-15.7%	COM	224441105
SWX	SOUTHWEST GAS HLDGS INC	1,029,744 (-4.2%)	$83.97M (-11.9%)	2.2%	$81.54	$70.83	+15.1%	COM	844895102
AVNT	AVIENT CORPORATION	1,934,502 (-18.9%)	$77.86M (-11.7%)	2.0%	$40.25	$30.78	+30.8%	COM	05368V106
MGRC	MCGRATH RENTCORP	799,996 (-4.2%)	$91.48M (-9.5%)	2.4%	$114.35	$115.61	-1.1%	COM	580589109
AMG	AFFILIATED MANAGERS GROUP	255,475 (-15.5%)	$93.4M (-8.8%)	2.4%	$365.61	$143.81	+154.2%	COM	008252108
INDB	INDEPENDENT BK CORP MASS	913,220 (-4.2%)	$70.91M (-11.2%)	1.9%	$77.65	$78.41	-1.0%	COM	453836108
STAG	STAG INDUSTRIAL INC	2,095,313 (-4.2%)	$75.03M (-9.9%)	2.0%	$35.81	$35.19	—	COM	85254J102
RNST	RENASANT CORP	1,449,140 (-4.2%)	$56.34M (-12.4%)	1.5%	$38.88	$37.21	+4.5%	COM	75970E107
ONB	OLD NATL BANCORP IND	3,319,734 (-4.2%)	$81.8M (-8.8%)	2.1%	$24.64	$24.03	+2.6%	COM	680033107
PNC	PNC FINL SVCS GROUP INC	31,111 (-48.2%)	$6.915M (-53.2%)	0.2%	$222.26	$171.80	+29.4%	COM	693475105
GS	GOLDMAN SACHS GROUP INC	5,585 (-50.0%)	$5.029M (-55.5%)	0.1%	$900.36	$332.66	+170.7%	COM	38141G104
NKE	NIKE INC	159,718 (-43.4%)	$5.654M (-51.2%)	0.1%	$35.40	$60.59	-41.6%	CL B	654106103
ONTO	ONTO INNOVATION INC	18,231 (-32.5%)	$5.612M (-45.1%)	0.1%	$307.82	$133.26	+131.0%	COM	683344105
CR	CRANE COMPANY	49,032 (-23.3%)	$10M (-29.8%)	0.3%	$204.02	$153.33	+33.1%	COMMON STOCK	224408104
WFC	WELLS FARGO & CO	156,791 (-21.7%)	$12.55M (-24.2%)	0.3%	$80.05	$48.02	+66.7%	COM	949746101
NCLH	NORWEGIAN CRUISE LINE HLDGS	498,424 (-3.8%)	$7.307M (-33.2%)	0.2%	$14.66	$21.75	-32.6%	SHS	G66721104
CFG	CITIZENS FINL GROUP INC	127,068 (-22.6%)	$8.102M (-29.6%)	0.2%	$63.76	$50.04	+27.4%	COM	174610105
BAC	BANK OF AMER CORP	196,714 (-19.6%)	$10.71M (-23.2%)	0.3%	$54.43	$43.33	+25.6%	COM	060505104
ARMK	ARAMARK	192,314 (-17.8%)	$10.3M (-22.6%)	0.3%	$53.55	$24.27	+120.6%	COM	03852U106
XPO	XPO INC	44,625 (-15.4%)	$7.853M (-27.5%)	0.2%	$175.98	$40.60	+333.4%	COM	983793100
PCAR	PACCAR INC	59,181 (-23.0%)	$6.499M (-29.6%)	0.2%	$109.81	$90.92	+20.8%	COM	693718108
WMS	ADVANCED DRAIN SYS INC DEL	68,749 (-3.8%)	$8.711M (-22.4%)	0.2%	$126.71	$144.43	-12.3%	COM	00790R104
MSA	MSA SAFETY INC	575,045 (-4.2%)	$102M (-2.4%)	2.7%	$177.88	$129.76	+37.1%	COM	553498106
NTAP	NETAPP INC	46,713 (-40.7%)	$9.813M (-19.6%)	0.3%	$210.08	$130.72	+60.7%	COM	64110D104
HPQ	HP INC	578,909 (-20.9%)	$18.11M (+12.7%)	0.5%	$31.28	$22.12	+41.4%	COM	40434L105
OMF	ONEMAIN HLDGS INC	109,946 (-17.2%)	$6.09M (-24.8%)	0.2%	$55.39	$54.11	+2.4%	COM	68268W103
LH	LABCORP HOLDINGS INC	31,039 (-24.8%)	$9.563M (-17.2%)	0.3%	$308.11	$206.68	+49.1%	COM SHS	504922105
BCO	BRINKS CO	801,324 (-4.2%)	$80.93M (+2.4%)	2.1%	$100.99	$74.73	+35.1%	COM	109696104
ATI	ATI INC	49,276 (-13.2%)	$9.333M (-16.6%)	0.2%	$189.40	$38.42	+393.0%	COM	01741R102
TXN	TEXAS INSTRS INC	39,874 (-8.5%)	$11.17M (-14.0%)	0.3%	$280.09	$189.07	+48.1%	COM	882508104
PNW	PINNACLE WEST CAP CORP	89,496 (-3.8%)	$8.327M (-16.4%)	0.2%	$93.04	$86.69	+7.3%	COM	723484101
WTFC	WINTRUST FINL CORP	62,671 (-3.8%)	$8.888M (-15.1%)	0.2%	$141.82	$85.00	+66.8%	COM	97650W108
COLB	COLUMBIA BKG SYS INC	331,566 (-3.8%)	$9.483M (-14.2%)	0.2%	$28.60	$26.60	+7.5%	COM	197236102
PKG	PACKAGING CORP AMER	32,994 (-13.4%)	$7.564M (-16.7%)	0.2%	$229.26	$193.88	+18.2%	COM	695156109
LKQ	LKQ CORP	320,932 (-3.1%)	$7.327M (-15.9%)	0.2%	$22.83	$35.43	-35.6%	COM	501889208
PNFP	PINNACLE FINL PARTNERS INC	111,989 (-3.8%)	$10.48M (-10.8%)	0.3%	$93.61	$93.49	+0.1%	COM	72348N109
SF	STIFEL FINL CORP	114,461 (-10.8%)	$8.017M (-10.5%)	0.2%	$70.04	$50.25	+39.4%	COM	860630102
GILD	GILEAD SCIENCES INC	67,145 (-6.5%)	$10.01M (+10.3%)	0.3%	$149.05	$86.56	+72.2%	COM	375558103
FCX	FREEPORT MCMORAN INC	146,546 (-1.7%)	$10.26M (+9.4%)	0.3%	$70.00	$41.05	+70.5%	CL B	35671D857
PR	PERMIAN RESOURCES CORP	443,972 (-3.8%)	$9.377M (+10.3%)	0.2%	$21.12	$14.54	+45.2%	CLASS A COM	71424F105
BRO	BROWN & BROWN INC	169,318 (-2.5%)	$10.31M (-7.4%)	0.3%	$60.90	$75.60	-19.4%	COM	115236101
ITT	ITT INC	50,304 (-9.1%)	$10.15M (-7.2%)	0.3%	$201.82	$73.70	+173.8%	COM	45073V108
CSW	CSW INDUSTRIALS INC	286,793 (-4.2%)	$82.62M (-0.8%)	2.2%	$288.08	$278.57	+3.4%	COM	126402106
STT	STATE STR CORP	85,097 (-6.6%)	$14.86M (-3.9%)	0.4%	$174.59	$95.52	+82.8%	COM	857477103
JLL	JONES LANG LASALLE INC	30,133 (-3.8%)	$9.206M (-5.2%)	0.2%	$305.52	$273.10	+11.9%	COM	48020Q107
EGP	EASTGROUP PPTYS INC	37,293 (-3.8%)	$7.364M (-6.2%)	0.2%	$197.45	$172.81	—	COM	277276101
SSB	SOUTHSTATE BK CORP	101,191 (-3.8%)	$10.07M (-4.2%)	0.3%	$99.56	$96.64	+3.0%	COM	84472E102
PAYX	PAYCHEX INC	122,847 (-1.7%)	$12.1M (-1.6%)	0.3%	$98.50	$97.29	+1.2%	COM	704326107
ITGR	INTEGER HLDGS CORP	2,554 (-4.1%)	$323K (+29.7%)	0.0%	$126.35	$94.24	+34.1%	COM	45826H109

Unchanged Positions (2)

BDC BELDEN INC 2.1%

Value $81.69M Shares 756,922 Share Price $107.93 Est. Cost/Share $125.35 Unrealized @ Report Date -13.9%

ABBV ABBVIE INC 0.4%

Value $17.02M Shares 65,065 Share Price $261.59 Est. Cost/Share $159.28 Unrealized @ Report Date +64.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BDC	BELDEN INC	756,922	$81.69M	2.1%	$107.93	$125.35	-13.9%	COM	077454106
ABBV	ABBVIE INC	65,065	$17.02M	0.4%	$261.59	$159.28	+64.2%	COM	00287Y109