Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SARO	StandardAero, Inc.	6,581,400	$197M	2.2%	$29.91	—	COM	85423L103
AOS	A. O. Smith Corporation	1,346,882	$84.48M	0.9%	$62.72	—	COM	831865209
SR	Spire Inc.	993,125	$77.55M	0.9%	$78.09	—	COM	84857L101
RYN	Rayonier Inc.	2,529,591	$53.83M	0.6%	$21.28	—	COM	754907103
TRN	Trinity Industries, Inc.	1,388,599	$48.02M	0.5%	$34.58	—	COM	896522109
AVLV	Avantis U.S. Large Cap Value E	293,193	$26.74M	0.3%	$91.21	—	COM	025072349
FDXF	FedEx Freight Holding Company,	122,304	$18.47M	0.2%	$151.00	—	COM	314352105
OTIS	Otis Worldwide Corporation	255,913	$18.32M	0.2%	$71.60	—	COM	68902V107
CCL	Carnival Corporation Ltd.	601,912	$17.2M	0.2%	$28.57	—	COM	G2004J103
HTO	H2O America	126,659	$7.697M	0.1%	$60.77	—	COM	784305104
CELH	Celsius Holdings, Inc.	253,447	$7.421M	0.1%	$29.28	—	COM	15118V207
TEL	TE Connectivity plc	26,915	$5.426M	0.1%	$201.61	—	COM	G87052109
LMB	Limbach Holdings, Inc.	61,247	$4.716M	0.1%	$77.00	—	COM	53263P105
UBER	Uber Technologies, Inc.	5,380	$388K	0.0%	$72.16	—	COM	90353T100

Increased Positions (29)

META Meta Platforms Inc Class A 1.1%

Value $97.68M (+24396.2%) Shares 173,418 (+24780.6%) Est. Cost $563.66 Unrealized —

CHE Chemed Corporation 1.2%

Value $111M (+308.8%) Shares 237,927 (+231.5%) Est. Cost $461.21 Unrealized —

AWI Armstrong World Industries, In 1.2%

Value $111M (+142.5%) Shares 694,210 (+149.1%) Est. Cost $124.95 Unrealized —

AMRZ Amrize Ltd 2.0%

Value $178M (+41.3%) Shares 3,331,674 (+48.5%) Est. Cost $51.65 Unrealized —

LAD Lithia Motors, Inc. 2.2%

Value $198M (+21.6%) Shares 682,689 (+4.6%) Est. Cost $293.10 Unrealized —

UGI UGI Corporation 0.7%

Value $59.44M (+109.6%) Shares 1,720,788 (+121.0%) Est. Cost $36.21 Unrealized —

LH Labcorp Holdings Inc. 1.8%

Value $165M (+22.4%) Shares 589,085 (+16.7%) Est. Cost $246.32 Unrealized —

GPC Genuine Parts Company 0.5%

Value $46.52M (+174.7%) Shares 394,336 (+146.2%) Est. Cost $122.96 Unrealized —

SFM Sprouts Farmers Market, Inc. 0.9%

Value $83.34M (+54.7%) Shares 985,375 (+41.0%) Est. Cost $75.92 Unrealized —

CALM Cal-Maine Foods, Inc. 1.5%

Value $133M (+23.0%) Shares 1,655,409 (+20.9%) Est. Cost $80.63 Unrealized —

AXP American Express Company 1.5%

Value $137M (+19.2%) Shares 404,116 (+6.6%) Est. Cost $355.07 Unrealized —

AMZN Amazon.com, Inc. 1.0%

Value $89.6M (+31.7%) Shares 375,949 (+15.1%) Est. Cost $228.34 Unrealized —

ATR AptarGroup, Inc. 1.9%

Value $169M (+14.0%) Shares 1,350,700 (+14.8%) Est. Cost $124.61 Unrealized —

CACI Caci International Inc Class A 1.1%

Value $101M (+24.2%) Shares 217,801 (+45.9%) Est. Cost $432.61 Unrealized —

IFF International Flavors & Fragra 1.2%

Value $108M (+18.3%) Shares 1,364,943 (+8.4%) Est. Cost $67.61 Unrealized —

DIS Walt Disney Company 1.2%

Value $110M (+17.5%) Shares 1,147,993 (+17.6%) Est. Cost $107.47 Unrealized —

ALG Alamo Group Inc. 0.2%

Value $22.17M (+230.1%) Shares 134,777 (+231.1%) Est. Cost $172.15 Unrealized —

CEG Constellation Energy Corporati 1.0%

Value $93.4M (+16.5%) Shares 376,043 (+30.9%) Est. Cost $288.68 Unrealized —

IRT Independence Realty Trust, Inc 0.3%

Value $29.23M (+81.9%) Shares 1,751,510 (+62.3%) Est. Cost $15.58 Unrealized —

MSFT Microsoft Corporation 0.2%

Value $15.22M (+494.2%) Shares 40,790 (+489.7%) Est. Cost $383.46 Unrealized —

UNFI United Natural Foods, Inc. 0.2%

Value $15.43M (+52.6%) Shares 337,888 (+50.5%) Est. Cost $39.89 Unrealized —

QCOM Qualcomm Incorporated 0.1%

Value $6.736M (+152.7%) Shares 36,450 (+76.1%) Est. Cost $167.25 Unrealized —

TFII TFI International Inc. 0.1%

Value $11.72M (+39.2%) Shares 81,655 (+5.3%) Est. Cost $115.54 Unrealized —

MTDR Matador Resources Company 0.1%

Value $8.95M (-20.3%) Shares 179,786 (+1.1%) Est. Cost $45.44 Unrealized —

— Oracle Corporation Depositary 0.1%

Value $8.175M (+35.1%) Shares 181,877 (+35.2%) Est. Cost $44.99 Unrealized —

LEN/B Lennar Corporation Class B 0.1%

Value $6.528M (+31.7%) Shares 73,583 (+24.9%) Est. Cost $102.48 Unrealized —

LMT Lockheed Martin Corporation 0.4%

Value $35.11M (-3.6%) Shares 68,915 (+14.4%) Est. Cost $480.37 Unrealized —

DUK Duke Energy Corporation 0.1%

Value $6.004M (+10.3%) Shares 47,430 (+14.1%) Est. Cost $90.85 Unrealized —

ET Energy Transfer LP 0.0%

Value $2.421M (+18.7%) Shares 126,622 (+19.9%) Est. Cost $17.61 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms Inc Class A	173,418 (+24780.6%)	$97.68M (+24396.2%)	1.1%	$563.66	—	COM	30303M102
CHE	Chemed Corporation	237,927 (+231.5%)	$111M (+308.8%)	1.2%	$461.21	—	COM	16359R103
AWI	Armstrong World Industries, In	694,210 (+149.1%)	$111M (+142.5%)	1.2%	$124.95	—	COM	04247X102
AMRZ	Amrize Ltd	3,331,674 (+48.5%)	$178M (+41.3%)	2.0%	$51.65	—	COM	H2927K103
LAD	Lithia Motors, Inc.	682,689 (+4.6%)	$198M (+21.6%)	2.2%	$293.10	—	COM	536797103
UGI	UGI Corporation	1,720,788 (+121.0%)	$59.44M (+109.6%)	0.7%	$36.21	—	COM	902681105
LH	Labcorp Holdings Inc.	589,085 (+16.7%)	$165M (+22.4%)	1.8%	$246.32	—	COM	504922105
GPC	Genuine Parts Company	394,336 (+146.2%)	$46.52M (+174.7%)	0.5%	$122.96	—	COM	372460105
SFM	Sprouts Farmers Market, Inc.	985,375 (+41.0%)	$83.34M (+54.7%)	0.9%	$75.92	—	COM	85208M102
CALM	Cal-Maine Foods, Inc.	1,655,409 (+20.9%)	$133M (+23.0%)	1.5%	$80.63	—	COM	128030202
AXP	American Express Company	404,116 (+6.6%)	$137M (+19.2%)	1.5%	$355.07	—	COM	025816109
AMZN	Amazon.com, Inc.	375,949 (+15.1%)	$89.6M (+31.7%)	1.0%	$228.34	—	COM	023135106
ATR	AptarGroup, Inc.	1,350,700 (+14.8%)	$169M (+14.0%)	1.9%	$124.61	—	COM	038336103
CACI	Caci International Inc Class A	217,801 (+45.9%)	$101M (+24.2%)	1.1%	$432.61	—	COM	127190304
IFF	International Flavors & Fragra	1,364,943 (+8.4%)	$108M (+18.3%)	1.2%	$67.61	—	COM	459506101
DIS	Walt Disney Company	1,147,993 (+17.6%)	$110M (+17.5%)	1.2%	$107.47	—	COM	254687106
ALG	Alamo Group Inc.	134,777 (+231.1%)	$22.17M (+230.1%)	0.2%	$172.15	—	COM	011311107
CEG	Constellation Energy Corporati	376,043 (+30.9%)	$93.4M (+16.5%)	1.0%	$288.68	—	COM	21037T109
IRT	Independence Realty Trust, Inc	1,751,510 (+62.3%)	$29.23M (+81.9%)	0.3%	$15.58	—	COM	45378A106
MSFT	Microsoft Corporation	40,790 (+489.7%)	$15.22M (+494.2%)	0.2%	$383.46	—	COM	594918104
UNFI	United Natural Foods, Inc.	337,888 (+50.5%)	$15.43M (+52.6%)	0.2%	$39.89	—	COM	911163103
QCOM	Qualcomm Incorporated	36,450 (+76.1%)	$6.736M (+152.7%)	0.1%	$167.25	—	COM	747525103
TFII	TFI International Inc.	81,655 (+5.3%)	$11.72M (+39.2%)	0.1%	$115.54	—	COM	87241L109
MTDR	Matador Resources Company	179,786 (+1.1%)	$8.95M (-20.3%)	0.1%	$45.44	—	COM	576485205
—	Oracle Corporation Depositary	181,877 (+35.2%)	$8.175M (+35.1%)	0.1%	$44.99	—	COM	68389X204
LEN/B	Lennar Corporation Class B	73,583 (+24.9%)	$6.528M (+31.7%)	0.1%	$102.48	—	COM	526057302
LMT	Lockheed Martin Corporation	68,915 (+14.4%)	$35.11M (-3.6%)	0.4%	$480.37	—	COM	539830109
DUK	Duke Energy Corporation	47,430 (+14.1%)	$6.004M (+10.3%)	0.1%	$90.85	—	COM	26441C204
ET	Energy Transfer LP	126,622 (+19.9%)	$2.421M (+18.7%)	0.0%	$17.61	—	COM	29273V100

Exited Positions (15)

LEN Lennar Corporation Class A 0.5%

Value $41.6M Shares 479,047 Est. Cost $129.34 Unrealized —

BRBR BellRing Brands, Inc. 0.4%

Value $34.8M Shares 2,162,720 Est. Cost $30.83 Unrealized —

EMBC Embecta Corporation 0.3%

Value $30.49M Shares 3,449,502 Est. Cost $16.07 Unrealized —

IWD iShares Russell 1000 Value ETF 0.3%

Value $25.89M Shares 121,158 Est. Cost $213.67 Unrealized —

CCL Carnival Corporation 0.2%

Value $15.46M Shares 597,346 Est. Cost $25.39 Unrealized —

ACI Albertsons Companies, Inc. Cla 0.1%

Value $10.53M Shares 617,740 Est. Cost $17.54 Unrealized —

VYX NCR Voyix Corporation 0.1%

Value $9.819M Shares 1,551,205 Est. Cost $18.95 Unrealized —

YELP Yelp Inc. 0.1%

Value $7.863M Shares 317,831 Est. Cost $35.07 Unrealized —

OVV Ovintiv Inc 0.1%

Value $7.364M Shares 124,051 Est. Cost $43.16 Unrealized —

MORN Morningstar, Inc. 0.1%

Value $7.114M Shares 42,084 Est. Cost $190.28 Unrealized —

ZTS Zoetis, Inc. Class A 0.1%

Value $5.444M Shares 46,053 Est. Cost $125.98 Unrealized —

ACN Accenture Plc Class A 0.1%

Value $5.283M Shares 26,645 Est. Cost $318.92 Unrealized —

BMY Bristol-Myers Squibb Company 0.0%

Value $3.891M Shares 64,152 Est. Cost $44.43 Unrealized —

AES AES Corporation 0.0%

Value $3.327M Shares 236,092 Est. Cost $14.68 Unrealized —

GLW Corning Inc 0.0%

Value $2.815M Shares 20,703 Est. Cost $24.06 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LEN	Lennar Corporation Class A	479,047	$41.6M	0.5%	$129.34	—	—	526057104
BRBR	BellRing Brands, Inc.	2,162,720	$34.8M	0.4%	$30.83	—	—	07831C103
EMBC	Embecta Corporation	3,449,502	$30.49M	0.3%	$16.07	—	—	29082K105
IWD	iShares Russell 1000 Value ETF	121,158	$25.89M	0.3%	$213.67	—	—	464287598
CCL	Carnival Corporation	597,346	$15.46M	0.2%	$25.39	—	—	143658300
ACI	Albertsons Companies, Inc. Cla	617,740	$10.53M	0.1%	$17.54	—	—	013091103
VYX	NCR Voyix Corporation	1,551,205	$9.819M	0.1%	$18.95	—	—	62886E108
YELP	Yelp Inc.	317,831	$7.863M	0.1%	$35.07	—	—	985817105
OVV	Ovintiv Inc	124,051	$7.364M	0.1%	$43.16	—	—	69047Q102
MORN	Morningstar, Inc.	42,084	$7.114M	0.1%	$190.28	—	—	617700109
ZTS	Zoetis, Inc. Class A	46,053	$5.444M	0.1%	$125.98	—	—	98978V103
ACN	Accenture Plc Class A	26,645	$5.283M	0.1%	$318.92	—	—	G1151C101
BMY	Bristol-Myers Squibb Company	64,152	$3.891M	0.0%	$44.43	—	—	110122108
AES	AES Corporation	236,092	$3.327M	0.0%	$14.68	—	—	00130H105
GLW	Corning Inc	20,703	$2.815M	0.0%	$24.06	—	—	219350105

Decreased Positions (120)

MUSA Murphy USA, Inc. 0.6%

Value $57.36M (-70.7%) Shares 106,439 (-73.1%) Est. Cost $257.77 Unrealized —

UNF UniFirst Corporation 0.1%

Value $12.57M (-90.0%) Shares 47,547 (-90.5%) Est. Cost $168.80 Unrealized —

KR Kroger Co. 0.3%

Value $27.02M (-74.1%) Shares 486,666 (-66.3%) Est. Cost $62.61 Unrealized —

DAL Delta Air Lines, Inc. 0.1%

Value $7.285M (-90.2%) Shares 77,776 (-93.0%) Est. Cost $58.13 Unrealized —

AGO Assured Guaranty Ltd. 1.0%

Value $93.01M (-39.6%) Shares 1,160,270 (-38.7%) Est. Cost $82.87 Unrealized —

UNP Union Pacific Corporation 0.7%

Value $59.94M (-49.2%) Shares 220,385 (-54.7%) Est. Cost $227.00 Unrealized —

BJ BJ's Wholesale Club Holdings, 3.3%

Value $294M (-14.6%) Shares 3,374,396 (-3.7%) Est. Cost $73.66 Unrealized —

CXW CoreCivic, Inc. 2.4%

Value $220M (+29.2%) Shares 7,246,570 (-19.6%) Est. Cost $9.15 Unrealized —

WTW Willis Towers Watson Public Li 1.1%

Value $97.2M (-31.1%) Shares 371,893 (-23.3%) Est. Cost $283.89 Unrealized —

TFX Teleflex Incorporated 0.8%

Value $69.49M (-37.0%) Shares 548,173 (-40.6%) Est. Cost $108.70 Unrealized —

VRRM Verra Mobility Corp. Class A 0.1%

Value $4.576M (-89.5%) Shares 1,076,728 (-64.6%) Est. Cost $23.13 Unrealized —

PRSU Pursuit Attractions and Hospit 1.2%

Value $112M (+46.8%) Shares 1,992,504 (-3.9%) Est. Cost $33.52 Unrealized —

WSC WillScot Holdings Corporation 0.9%

Value $80.33M (+57.6%) Shares 2,783,533 (-5.2%) Est. Cost $33.41 Unrealized —

PR Permian Resources Corporation 0.6%

Value $49.85M (-34.4%) Shares 2,707,555 (-24.1%) Est. Cost $7.06 Unrealized —

DE Deere & Company 0.2%

Value $22.34M (-52.8%) Shares 35,215 (-58.1%) Est. Cost $480.07 Unrealized —

WTM White Mountains Insurance Grou 2.7%

Value $240M (-9.3%) Shares 115,880 (-3.8%) Est. Cost $979.32 Unrealized —

SSNC SS&C Technologies Holdings, In 0.1%

Value $9.474M (-71.0%) Shares 152,691 (-68.4%) Est. Cost $76.46 Unrealized —

VNT Vontier Corp 1.1%

Value $95.44M (-19.2%) Shares 3,290,984 (-1.1%) Est. Cost $29.96 Unrealized —

HAE Haemonetics Corporation 1.1%

Value $96.42M (+28.8%) Shares 1,285,602 (-3.2%) Est. Cost $67.81 Unrealized —

BMRN BioMarin Pharmaceutical Inc. 0.3%

Value $31.07M (-40.1%) Shares 542,990 (-40.8%) Est. Cost $54.49 Unrealized —

DINO HF Sinclair Corporation 0.2%

Value $21.52M (-48.4%) Shares 308,951 (-53.8%) Est. Cost $35.55 Unrealized —

DK Delek US Holdings Inc 1.0%

Value $93.35M (-16.5%) Shares 1,837,251 (-25.9%) Est. Cost $23.95 Unrealized —

GXO GXO Logistics Inc 1.8%

Value $165M (-9.9%) Shares 3,262,754 (-7.9%) Est. Cost $50.46 Unrealized —

LGIH LGI Homes, Inc. 0.6%

Value $50.85M (+53.6%) Shares 798,542 (-4.6%) Est. Cost $98.93 Unrealized —

OC Owens Corning 0.6%

Value $54.06M (+39.4%) Shares 340,103 (-5.1%) Est. Cost $145.29 Unrealized —

CSL Carlisle Companies Incorporate 0.4%

Value $38.89M (-27.5%) Shares 107,218 (-33.3%) Est. Cost $347.82 Unrealized —

PSMT PriceSmart, Inc. 0.9%

Value $76.47M (-15.5%) Shares 391,455 (-34.9%) Est. Cost $88.34 Unrealized —

HII Huntington Ingalls Industries, 0.4%

Value $34.82M (-27.2%) Shares 124,389 (-1.1%) Est. Cost $210.12 Unrealized —

WEX WEX Inc. 0.7%

Value $59.95M (-17.7%) Shares 424,915 (-10.7%) Est. Cost $159.66 Unrealized —

LKQ LKQ Corporation 0.3%

Value $26.74M (-32.5%) Shares 1,015,715 (-24.7%) Est. Cost $34.06 Unrealized —

GNW Genworth Financial, Inc. 1.5%

Value $137M (+10.2%) Shares 14,472,015 (-5.5%) Est. Cost $3.52 Unrealized —

LSTR Landstar System, Inc. 0.1%

Value $7.565M (-62.0%) Shares 36,581 (-70.5%) Est. Cost $143.70 Unrealized —

MDU MDU Resources Group, Inc. 0.8%

Value $72.2M (-14.5%) Shares 3,403,955 (-16.5%) Est. Cost $16.46 Unrealized —

MMS MAXIMUS, Inc. 0.5%

Value $40.85M (-22.9%) Shares 759,899 (-8.0%) Est. Cost $80.95 Unrealized —

FCNCA First Citizens BancShares, Inc 0.9%

Value $82.78M (-12.4%) Shares 39,784 (-20.7%) Est. Cost $1880.14 Unrealized —

GEHC GE Healthcare Technologies Inc 0.9%

Value $84.49M (-11.6%) Shares 1,319,999 (-1.7%) Est. Cost $75.48 Unrealized —

TRIP TripAdvisor, Inc. 0.2%

Value $13.76M (-42.5%) Shares 1,003,898 (-55.3%) Est. Cost $18.81 Unrealized —

ENOV Enovis Corporation 0.3%

Value $24.43M (-28.6%) Shares 1,180,107 (-21.5%) Est. Cost $43.27 Unrealized —

MAA Mid-America Apartment Communit 2.0%

Value $184M (+5.5%) Shares 1,324,380 (-7.3%) Est. Cost $137.78 Unrealized —

PLUS ePlus inc. 1.5%

Value $132M (+7.7%) Shares 1,582,148 (-2.6%) Est. Cost $62.98 Unrealized —

MGRC McGrath RentCorp 2.8%

Value $248M (+3.9%) Shares 2,046,345 (-5.3%) Est. Cost $100.75 Unrealized —

NWE NorthWestern Energy Group, Inc 0.6%

Value $57.08M (-13.9%) Shares 796,943 (-20.8%) Est. Cost $48.46 Unrealized —

SMPL Simply Good Foods Co 0.4%

Value $34.23M (-20.5%) Shares 2,577,795 (-14.1%) Est. Cost $19.76 Unrealized —

ICLR Icon PLC 0.6%

Value $49.53M (+21.1%) Shares 285,137 (-22.9%) Est. Cost $159.96 Unrealized —

ICUI ICU Medical, Inc. 1.0%

Value $91.81M (+10.0%) Shares 626,290 (-3.1%) Est. Cost $141.96 Unrealized —

TTAM Titan America SA 0.6%

Value $55.26M (+17.7%) Shares 2,961,634 (-5.5%) Est. Cost $13.36 Unrealized —

RTO Rentokil Initial plc Sponsored 0.6%

Value $52.6M (-12.5%) Shares 1,838,490 (-3.7%) Est. Cost $25.00 Unrealized —

WMG Warner Music Group Corp. Class 0.1%

Value $6.868M (-51.1%) Shares 253,707 (-53.9%) Est. Cost $29.52 Unrealized —

PGNY Progyny, Inc. 0.2%

Value $18.31M (+59.4%) Shares 635,023 (-6.1%) Est. Cost $16.43 Unrealized —

KDP Keurig Dr Pepper Inc. 0.7%

Value $65.25M (-9.4%) Shares 1,993,520 (-27.1%) Est. Cost $28.32 Unrealized —

PGR Progressive Corporation 1.1%

Value $102M (+6.8%) Shares 467,075 (-3.1%) Est. Cost $216.01 Unrealized —

SSD Simpson Manufacturing Co., Inc 0.2%

Value $14.12M (-30.9%) Shares 67,424 (-43.3%) Est. Cost $173.03 Unrealized —

TXN Texas Instruments Incorporated 0.2%

Value $17.48M (+47.5%) Shares 58,643 (-4.0%) Est. Cost $167.77 Unrealized —

ITRN Ituran Location and Control Lt 0.1%

Value $9.495M (-36.6%) Shares 155,635 (-49.1%) Est. Cost $22.80 Unrealized —

CNNE Cannae Holdings, Inc. 0.3%

Value $27.59M (+23.8%) Shares 1,915,746 (-2.3%) Est. Cost $28.08 Unrealized —

IMKTA Ingles Markets, Incorporated C 0.9%

Value $81.14M (-5.6%) Shares 915,990 (-4.2%) Est. Cost $43.57 Unrealized —

PRKS United Parks & Resorts Inc. 0.7%

Value $63.16M (-7.0%) Shares 1,322,967 (-36.4%) Est. Cost $51.59 Unrealized —

DOLE Dole PLC 0.7%

Value $62.56M (-6.8%) Shares 4,559,787 (-2.9%) Est. Cost $14.62 Unrealized —

CRH CRH public limited company 1.5%

Value $131M (-3.3%) Shares 1,221,174 (-5.0%) Est. Cost $87.61 Unrealized —

MU Micron Technology, Inc. 0.1%

Value $9.255M (+89.0%) Shares 8,018 (-44.7%) Est. Cost $65.62 Unrealized —

SAIC Science Applications Internati 0.6%

Value $49.79M (+8.6%) Shares 450,948 (-6.6%) Est. Cost $107.56 Unrealized —

CPAY Corpay, Inc. 0.1%

Value $10.1M (-26.7%) Shares 30,306 (-36.0%) Est. Cost $325.25 Unrealized —

RDN Radian Group Inc. 0.5%

Value $40.73M (+9.2%) Shares 1,081,337 (-4.1%) Est. Cost $26.71 Unrealized —

DNOW DNOW Inc. 0.6%

Value $51.05M (+6.9%) Shares 3,936,101 (-1.8%) Est. Cost $14.59 Unrealized —

INGM Ingram Micro Holding Corporati 0.5%

Value $44.19M (+7.8%) Shares 1,611,151 (-8.4%) Est. Cost $21.01 Unrealized —

EXPE Expedia Group, Inc. 0.1%

Value $5.543M (-36.5%) Shares 21,663 (-42.7%) Est. Cost $160.44 Unrealized —

TXNM TXNM Energy, Inc. 0.2%

Value $17.96M (-14.8%) Shares 316,352 (-12.3%) Est. Cost $39.81 Unrealized —

AXS Axis Capital Holdings Limited 1.1%

Value $99.89M (-3.0%) Shares 929,726 (-8.4%) Est. Cost $43.40 Unrealized —

HHH Howard Hughes Holdings Inc. 0.4%

Value $35.18M (+9.0%) Shares 492,052 (-3.6%) Est. Cost $76.52 Unrealized —

NOMD Nomad Foods Ltd. 0.4%

Value $34.01M (-7.3%) Shares 3,105,937 (-18.6%) Est. Cost $18.03 Unrealized —

MTN Vail Resorts, Inc. 0.7%

Value $67.32M (+4.1%) Shares 494,437 (-1.9%) Est. Cost $172.64 Unrealized —

WCC WESCO International, Inc. 0.3%

Value $24.19M (+10.7%) Shares 70,019 (-12.3%) Est. Cost $166.79 Unrealized —

TLN Talen Energy Corp 0.1%

Value $11.38M (-16.9%) Shares 29,621 (-31.0%) Est. Cost $138.87 Unrealized —

RPRX Royalty Pharma Plc Class A 0.2%

Value $21.52M (+10.1%) Shares 383,839 (-5.8%) Est. Cost $29.72 Unrealized —

HUBG Hub Group, Inc. Class A 0.4%

Value $38.27M (-4.8%) Shares 873,954 (-21.6%) Est. Cost $39.32 Unrealized —

BRK/B Berkshire Hathaway Inc. Class 2.4%

Value $216M (-0.9%) Shares 432,323 (-5.1%) Est. Cost $424.67 Unrealized —

CRM Salesforce, Inc. 0.1%

Value $6.738M (-21.9%) Shares 43,008 (-7.0%) Est. Cost $265.13 Unrealized —

SWX Southwest Gas Holdings, Inc. 0.9%

Value $76.73M (-2.3%) Shares 865,242 (-4.3%) Est. Cost $66.44 Unrealized —

PNC PNC Financial Services Group, 0.2%

Value $19.91M (+9.5%) Shares 80,848 (-7.5%) Est. Cost $100.31 Unrealized —

PEP PepsiCo, Inc. 0.1%

Value $6.221M (-19.3%) Shares 45,944 (-7.5%) Est. Cost $78.24 Unrealized —

CSCO Cisco Systems, Inc. 0.1%

Value $4.568M (+42.0%) Shares 38,894 (-6.2%) Est. Cost $36.68 Unrealized —

AMT American Tower Corporation 0.1%

Value $10.03M (-10.9%) Shares 61,338 (-6.0%) Est. Cost $203.26 Unrealized —

EOG EOG Resources, Inc. 0.1%

Value $6.818M (-15.3%) Shares 52,557 (-5.6%) Est. Cost $114.28 Unrealized —

KMI Kinder Morgan Inc Class P 0.1%

Value $13.04M (-8.6%) Shares 407,869 (-4.1%) Est. Cost $14.85 Unrealized —

GEO GEO Group Inc 0.1%

Value $11.67M (+11.5%) Shares 395,087 (-36.5%) Est. Cost $10.02 Unrealized —

BXC BlueLinx Holdings Inc. 0.2%

Value $14.41M (+9.1%) Shares 232,918 (-4.5%) Est. Cost $95.86 Unrealized —

MDT Medtronic PLC 0.1%

Value $7.416M (-13.8%) Shares 94,799 (-4.5%) Est. Cost $91.84 Unrealized —

SNX TD SYNNEX Corporation 0.5%

Value $46.41M (-2.3%) Shares 173,590 (-38.3%) Est. Cost $94.12 Unrealized —

JBI Janus International Group, Inc 0.3%

Value $24.2M (+4.4%) Shares 4,360,798 (-3.1%) Est. Cost $8.76 Unrealized —

RPC Ridgepost Capital, Inc. Class 0.3%

Value $25.58M (+4.0%) Shares 3,250,951 (-4.0%) Est. Cost $8.69 Unrealized —

QSR Restaurant Brands Internationa 0.1%

Value $7.69M (-11.2%) Shares 106,055 (-9.5%) Est. Cost $65.67 Unrealized —

— Hewlett Packard Enterprise Co. 0.1%

Value $7.442M (+13.6%) Shares 64,344 (-36.7%) Est. Cost $60.72 Unrealized —

NMIH NMI Holdings, Inc. 0.2%

Value $14.72M (+6.1%) Shares 358,330 (-3.1%) Est. Cost $37.80 Unrealized —

SBUX Starbucks Corporation 0.1%

Value $12.15M (+7.4%) Shares 118,919 (-5.8%) Est. Cost $85.96 Unrealized —

UL Unilever PLC Sponsored ADR 0.3%

Value $24.59M (-3.3%) Shares 408,941 (-8.3%) Est. Cost $65.40 Unrealized —

WFC Wells Fargo & Company 0.6%

Value $57.29M (+1.4%) Shares 693,210 (-2.3%) Est. Cost $86.95 Unrealized —

ABG Asbury Automotive Group, Inc. 0.6%

Value $49.7M (+1.6%) Shares 247,190 (-1.3%) Est. Cost $227.08 Unrealized —

WSO Watsco, Inc. 0.1%

Value $5.015M (-13.3%) Shares 12,034 (-24.3%) Est. Cost $343.56 Unrealized —

RELX RELX PLC Sponsored ADR 0.1%

Value $7.678M (-8.4%) Shares 242,449 (-4.1%) Est. Cost $33.15 Unrealized —

EXE Expand Energy Corporation 0.0%

Value $2.392M (-22.4%) Shares 26,232 (-6.6%) Est. Cost $89.24 Unrealized —

ACIW ACI Worldwide, Inc. 0.1%

Value $11.63M (+6.1%) Shares 231,193 (-13.5%) Est. Cost $35.15 Unrealized —

COKE Coca-Cola Consolidated, Inc. 0.2%

Value $15.24M (-3.9%) Shares 79,831 (-3.5%) Est. Cost $115.38 Unrealized —

APD Air Products and Chemicals, In 0.1%

Value $11.19M (-5.2%) Shares 38,171 (-6.0%) Est. Cost $251.65 Unrealized —

AVT Avnet, Inc. 0.1%

Value $6.405M (-8.7%) Shares 72,109 (-36.6%) Est. Cost $47.27 Unrealized —

CB Chubb Limited 0.2%

Value $15.94M (-3.3%) Shares 46,785 (-7.5%) Est. Cost $153.18 Unrealized —

ABBV AbbVie, Inc. 0.1%

Value $7.357M (+7.9%) Shares 29,235 (-6.8%) Est. Cost $60.51 Unrealized —

IDA IDACORP, Inc. 0.0%

Value $4.102M (-11.2%) Shares 27,114 (-16.1%) Est. Cost $96.46 Unrealized —

WMB Williams Companies, Inc. 0.2%

Value $19.01M (-2.5%) Shares 255,775 (-4.5%) Est. Cost $23.29 Unrealized —

MSGS Madison Square Garden Sports C 0.1%

Value $11.31M (-4.0%) Shares 28,140 (-23.2%) Est. Cost $286.84 Unrealized —

RPM RPM International Inc. 0.1%

Value $7.609M (+5.4%) Shares 68,458 (-5.8%) Est. Cost $108.71 Unrealized —

CNH CNH Industrial NV 0.3%

Value $22.63M (-1.5%) Shares 2,015,546 (-3.5%) Est. Cost $10.51 Unrealized —

AMGN Amgen Inc. 0.1%

Value $7.02M (-3.6%) Shares 19,385 (-6.3%) Est. Cost $123.15 Unrealized —

ORCL Oracle Corporation 0.0%

Value $2.982M (-5.5%) Shares 20,345 (-5.2%) Est. Cost $73.78 Unrealized —

CNI Canadian National Railway Comp 0.0%

Value $271K (-35.1%) Shares 2,276 (-44.1%) Est. Cost $99.49 Unrealized —

JNJ Johnson & Johnson 0.1%

Value $6.042M (-2.0%) Shares 23,792 (-5.7%) Est. Cost $145.29 Unrealized —

TNC Tennant Company 0.2%

Value $17.83M (-0.6%) Shares 203,677 (-24.6%) Est. Cost $77.46 Unrealized —

PAYC Paycom Software, Inc. 0.7%

Value $65.62M (+0.1%) Shares 522,119 (-3.2%) Est. Cost $166.90 Unrealized —

CNA CNA Financial Corporation 0.4%

Value $39M (+0.1%) Shares 802,360 (-5.4%) Est. Cost $23.81 Unrealized —

MRSH Marsh & McLennan Companies, In 0.0%

Value $215K (-13.7%) Shares 1,290 (-10.2%) Est. Cost $181.36 Unrealized —

EXPD Expeditors International Of Wa 0.2%

Value $16.75M (+0.1%) Shares 102,766 (-12.0%) Est. Cost $116.09 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MUSA	Murphy USA, Inc.	106,439 (-73.1%)	$57.36M (-70.7%)	0.6%	$257.77	—	COM	626755102
UNF	UniFirst Corporation	47,547 (-90.5%)	$12.57M (-90.0%)	0.1%	$168.80	—	COM	904708104
KR	Kroger Co.	486,666 (-66.3%)	$27.02M (-74.1%)	0.3%	$62.61	—	COM	501044101
DAL	Delta Air Lines, Inc.	77,776 (-93.0%)	$7.285M (-90.2%)	0.1%	$58.13	—	COM	247361702
AGO	Assured Guaranty Ltd.	1,160,270 (-38.7%)	$93.01M (-39.6%)	1.0%	$82.87	—	COM	G0585R106
UNP	Union Pacific Corporation	220,385 (-54.7%)	$59.94M (-49.2%)	0.7%	$227.00	—	COM	907818108
BJ	BJ's Wholesale Club Holdings,	3,374,396 (-3.7%)	$294M (-14.6%)	3.3%	$73.66	—	COM	05550J101
CXW	CoreCivic, Inc.	7,246,570 (-19.6%)	$220M (+29.2%)	2.4%	$9.15	—	COM	21871N101
WTW	Willis Towers Watson Public Li	371,893 (-23.3%)	$97.2M (-31.1%)	1.1%	$283.89	—	COM	G96629103
TFX	Teleflex Incorporated	548,173 (-40.6%)	$69.49M (-37.0%)	0.8%	$108.70	—	COM	879369106
VRRM	Verra Mobility Corp. Class A	1,076,728 (-64.6%)	$4.576M (-89.5%)	0.1%	$23.13	—	COM	92511U102
PRSU	Pursuit Attractions and Hospit	1,992,504 (-3.9%)	$112M (+46.8%)	1.2%	$33.52	—	COM	92552R406
WSC	WillScot Holdings Corporation	2,783,533 (-5.2%)	$80.33M (+57.6%)	0.9%	$33.41	—	COM	971378104
PR	Permian Resources Corporation	2,707,555 (-24.1%)	$49.85M (-34.4%)	0.6%	$7.06	—	COM	71424F105
DE	Deere & Company	35,215 (-58.1%)	$22.34M (-52.8%)	0.2%	$480.07	—	COM	244199105
WTM	White Mountains Insurance Grou	115,880 (-3.8%)	$240M (-9.3%)	2.7%	$979.32	—	COM	G9618E107
SSNC	SS&C Technologies Holdings, In	152,691 (-68.4%)	$9.474M (-71.0%)	0.1%	$76.46	—	COM	78467J100
VNT	Vontier Corp	3,290,984 (-1.1%)	$95.44M (-19.2%)	1.1%	$29.96	—	COM	928881101
HAE	Haemonetics Corporation	1,285,602 (-3.2%)	$96.42M (+28.8%)	1.1%	$67.81	—	COM	405024100
BMRN	BioMarin Pharmaceutical Inc.	542,990 (-40.8%)	$31.07M (-40.1%)	0.3%	$54.49	—	COM	09061G101
DINO	HF Sinclair Corporation	308,951 (-53.8%)	$21.52M (-48.4%)	0.2%	$35.55	—	COM	403949100
DK	Delek US Holdings Inc	1,837,251 (-25.9%)	$93.35M (-16.5%)	1.0%	$23.95	—	COM	24665A103
GXO	GXO Logistics Inc	3,262,754 (-7.9%)	$165M (-9.9%)	1.8%	$50.46	—	COM	36262G101
LGIH	LGI Homes, Inc.	798,542 (-4.6%)	$50.85M (+53.6%)	0.6%	$98.93	—	COM	50187T106
OC	Owens Corning	340,103 (-5.1%)	$54.06M (+39.4%)	0.6%	$145.29	—	COM	690742101
CSL	Carlisle Companies Incorporate	107,218 (-33.3%)	$38.89M (-27.5%)	0.4%	$347.82	—	COM	142339100
PSMT	PriceSmart, Inc.	391,455 (-34.9%)	$76.47M (-15.5%)	0.9%	$88.34	—	COM	741511109
HII	Huntington Ingalls Industries,	124,389 (-1.1%)	$34.82M (-27.2%)	0.4%	$210.12	—	COM	446413106
WEX	WEX Inc.	424,915 (-10.7%)	$59.95M (-17.7%)	0.7%	$159.66	—	COM	96208T104
LKQ	LKQ Corporation	1,015,715 (-24.7%)	$26.74M (-32.5%)	0.3%	$34.06	—	COM	501889208
GNW	Genworth Financial, Inc.	14,472,015 (-5.5%)	$137M (+10.2%)	1.5%	$3.52	—	COM	37247D106
LSTR	Landstar System, Inc.	36,581 (-70.5%)	$7.565M (-62.0%)	0.1%	$143.70	—	COM	515098101
MDU	MDU Resources Group, Inc.	3,403,955 (-16.5%)	$72.2M (-14.5%)	0.8%	$16.46	—	COM	552690109
MMS	MAXIMUS, Inc.	759,899 (-8.0%)	$40.85M (-22.9%)	0.5%	$80.95	—	COM	577933104
FCNCA	First Citizens BancShares, Inc	39,784 (-20.7%)	$82.78M (-12.4%)	0.9%	$1880.14	—	COM	31946M103
GEHC	GE Healthcare Technologies Inc	1,319,999 (-1.7%)	$84.49M (-11.6%)	0.9%	$75.48	—	COM	36266G107
TRIP	TripAdvisor, Inc.	1,003,898 (-55.3%)	$13.76M (-42.5%)	0.2%	$18.81	—	COM	896945201
ENOV	Enovis Corporation	1,180,107 (-21.5%)	$24.43M (-28.6%)	0.3%	$43.27	—	COM	194014502
MAA	Mid-America Apartment Communit	1,324,380 (-7.3%)	$184M (+5.5%)	2.0%	$137.78	—	COM	59522J103
PLUS	ePlus inc.	1,582,148 (-2.6%)	$132M (+7.7%)	1.5%	$62.98	—	COM	294268107
MGRC	McGrath RentCorp	2,046,345 (-5.3%)	$248M (+3.9%)	2.8%	$100.75	—	COM	580589109
NWE	NorthWestern Energy Group, Inc	796,943 (-20.8%)	$57.08M (-13.9%)	0.6%	$48.46	—	COM	668074305
SMPL	Simply Good Foods Co	2,577,795 (-14.1%)	$34.23M (-20.5%)	0.4%	$19.76	—	COM	82900L102
ICLR	Icon PLC	285,137 (-22.9%)	$49.53M (+21.1%)	0.6%	$159.96	—	COM	G4705A100
ICUI	ICU Medical, Inc.	626,290 (-3.1%)	$91.81M (+10.0%)	1.0%	$141.96	—	COM	44930G107
TTAM	Titan America SA	2,961,634 (-5.5%)	$55.26M (+17.7%)	0.6%	$13.36	—	COM	B9151N105
RTO	Rentokil Initial plc Sponsored	1,838,490 (-3.7%)	$52.6M (-12.5%)	0.6%	$25.00	—	COM	760125104
WMG	Warner Music Group Corp. Class	253,707 (-53.9%)	$6.868M (-51.1%)	0.1%	$29.52	—	COM	934550203
PGNY	Progyny, Inc.	635,023 (-6.1%)	$18.31M (+59.4%)	0.2%	$16.43	—	COM	74340E103
KDP	Keurig Dr Pepper Inc.	1,993,520 (-27.1%)	$65.25M (-9.4%)	0.7%	$28.32	—	COM	49271V100
PGR	Progressive Corporation	467,075 (-3.1%)	$102M (+6.8%)	1.1%	$216.01	—	COM	743315103
SSD	Simpson Manufacturing Co., Inc	67,424 (-43.3%)	$14.12M (-30.9%)	0.2%	$173.03	—	COM	829073105
TXN	Texas Instruments Incorporated	58,643 (-4.0%)	$17.48M (+47.5%)	0.2%	$167.77	—	COM	882508104
ITRN	Ituran Location and Control Lt	155,635 (-49.1%)	$9.495M (-36.6%)	0.1%	$22.80	—	COM	M6158M104
CNNE	Cannae Holdings, Inc.	1,915,746 (-2.3%)	$27.59M (+23.8%)	0.3%	$28.08	—	COM	13765N107
IMKTA	Ingles Markets, Incorporated C	915,990 (-4.2%)	$81.14M (-5.6%)	0.9%	$43.57	—	COM	457030104
PRKS	United Parks & Resorts Inc.	1,322,967 (-36.4%)	$63.16M (-7.0%)	0.7%	$51.59	—	COM	81282V100
DOLE	Dole PLC	4,559,787 (-2.9%)	$62.56M (-6.8%)	0.7%	$14.62	—	COM	G27907107
CRH	CRH public limited company	1,221,174 (-5.0%)	$131M (-3.3%)	1.5%	$87.61	—	COM	G25508105
MU	Micron Technology, Inc.	8,018 (-44.7%)	$9.255M (+89.0%)	0.1%	$65.62	—	COM	595112103
SAIC	Science Applications Internati	450,948 (-6.6%)	$49.79M (+8.6%)	0.6%	$107.56	—	COM	808625107
CPAY	Corpay, Inc.	30,306 (-36.0%)	$10.1M (-26.7%)	0.1%	$325.25	—	COM	219948106
RDN	Radian Group Inc.	1,081,337 (-4.1%)	$40.73M (+9.2%)	0.5%	$26.71	—	COM	750236101
DNOW	DNOW Inc.	3,936,101 (-1.8%)	$51.05M (+6.9%)	0.6%	$14.59	—	COM	67011P100
INGM	Ingram Micro Holding Corporati	1,611,151 (-8.4%)	$44.19M (+7.8%)	0.5%	$21.01	—	COM	457152106
EXPE	Expedia Group, Inc.	21,663 (-42.7%)	$5.543M (-36.5%)	0.1%	$160.44	—	COM	30212P303
TXNM	TXNM Energy, Inc.	316,352 (-12.3%)	$17.96M (-14.8%)	0.2%	$39.81	—	COM	69349H107
AXS	Axis Capital Holdings Limited	929,726 (-8.4%)	$99.89M (-3.0%)	1.1%	$43.40	—	COM	G0692U109
HHH	Howard Hughes Holdings Inc.	492,052 (-3.6%)	$35.18M (+9.0%)	0.4%	$76.52	—	COM	44267T102
NOMD	Nomad Foods Ltd.	3,105,937 (-18.6%)	$34.01M (-7.3%)	0.4%	$18.03	—	COM	G6564A105
MTN	Vail Resorts, Inc.	494,437 (-1.9%)	$67.32M (+4.1%)	0.7%	$172.64	—	COM	91879Q109
WCC	WESCO International, Inc.	70,019 (-12.3%)	$24.19M (+10.7%)	0.3%	$166.79	—	COM	95082P105
TLN	Talen Energy Corp	29,621 (-31.0%)	$11.38M (-16.9%)	0.1%	$138.87	—	COM	87422Q109
RPRX	Royalty Pharma Plc Class A	383,839 (-5.8%)	$21.52M (+10.1%)	0.2%	$29.72	—	COM	G7709Q104
HUBG	Hub Group, Inc. Class A	873,954 (-21.6%)	$38.27M (-4.8%)	0.4%	$39.32	—	COM	443320106
BRK/B	Berkshire Hathaway Inc. Class	432,323 (-5.1%)	$216M (-0.9%)	2.4%	$424.67	—	COM	084670702
CRM	Salesforce, Inc.	43,008 (-7.0%)	$6.738M (-21.9%)	0.1%	$265.13	—	COM	79466L302
SWX	Southwest Gas Holdings, Inc.	865,242 (-4.3%)	$76.73M (-2.3%)	0.9%	$66.44	—	COM	844895102
PNC	PNC Financial Services Group,	80,848 (-7.5%)	$19.91M (+9.5%)	0.2%	$100.31	—	COM	693475105
PEP	PepsiCo, Inc.	45,944 (-7.5%)	$6.221M (-19.3%)	0.1%	$78.24	—	COM	713448108
CSCO	Cisco Systems, Inc.	38,894 (-6.2%)	$4.568M (+42.0%)	0.1%	$36.68	—	COM	17275R102
AMT	American Tower Corporation	61,338 (-6.0%)	$10.03M (-10.9%)	0.1%	$203.26	—	COM	03027X100
EOG	EOG Resources, Inc.	52,557 (-5.6%)	$6.818M (-15.3%)	0.1%	$114.28	—	COM	26875P101
KMI	Kinder Morgan Inc Class P	407,869 (-4.1%)	$13.04M (-8.6%)	0.1%	$14.85	—	COM	49456B101
GEO	GEO Group Inc	395,087 (-36.5%)	$11.67M (+11.5%)	0.1%	$10.02	—	COM	36162J106
BXC	BlueLinx Holdings Inc.	232,918 (-4.5%)	$14.41M (+9.1%)	0.2%	$95.86	—	COM	09624H208
MDT	Medtronic PLC	94,799 (-4.5%)	$7.416M (-13.8%)	0.1%	$91.84	—	COM	G5960L103
SNX	TD SYNNEX Corporation	173,590 (-38.3%)	$46.41M (-2.3%)	0.5%	$94.12	—	COM	87162W100
JBI	Janus International Group, Inc	4,360,798 (-3.1%)	$24.2M (+4.4%)	0.3%	$8.76	—	COM	47103N106
RPC	Ridgepost Capital, Inc. Class	3,250,951 (-4.0%)	$25.58M (+4.0%)	0.3%	$8.69	—	COM	69376K106
QSR	Restaurant Brands Internationa	106,055 (-9.5%)	$7.69M (-11.2%)	0.1%	$65.67	—	COM	76131D103
—	Hewlett Packard Enterprise Co.	64,344 (-36.7%)	$7.442M (+13.6%)	0.1%	$60.72	—	COM	42824C208
NMIH	NMI Holdings, Inc.	358,330 (-3.1%)	$14.72M (+6.1%)	0.2%	$37.80	—	COM	629209305
SBUX	Starbucks Corporation	118,919 (-5.8%)	$12.15M (+7.4%)	0.1%	$85.96	—	COM	855244109
UL	Unilever PLC Sponsored ADR	408,941 (-8.3%)	$24.59M (-3.3%)	0.3%	$65.40	—	COM	904767803
WFC	Wells Fargo & Company	693,210 (-2.3%)	$57.29M (+1.4%)	0.6%	$86.95	—	COM	949746101
ABG	Asbury Automotive Group, Inc.	247,190 (-1.3%)	$49.7M (+1.6%)	0.6%	$227.08	—	COM	043436104
WSO	Watsco, Inc.	12,034 (-24.3%)	$5.015M (-13.3%)	0.1%	$343.56	—	COM	942622200
RELX	RELX PLC Sponsored ADR	242,449 (-4.1%)	$7.678M (-8.4%)	0.1%	$33.15	—	COM	759530108
EXE	Expand Energy Corporation	26,232 (-6.6%)	$2.392M (-22.4%)	0.0%	$89.24	—	COM	165167735
ACIW	ACI Worldwide, Inc.	231,193 (-13.5%)	$11.63M (+6.1%)	0.1%	$35.15	—	COM	004498101
COKE	Coca-Cola Consolidated, Inc.	79,831 (-3.5%)	$15.24M (-3.9%)	0.2%	$115.38	—	COM	191098102
APD	Air Products and Chemicals, In	38,171 (-6.0%)	$11.19M (-5.2%)	0.1%	$251.65	—	COM	009158106
AVT	Avnet, Inc.	72,109 (-36.6%)	$6.405M (-8.7%)	0.1%	$47.27	—	COM	053807103
CB	Chubb Limited	46,785 (-7.5%)	$15.94M (-3.3%)	0.2%	$153.18	—	COM	H1467J104
ABBV	AbbVie, Inc.	29,235 (-6.8%)	$7.357M (+7.9%)	0.1%	$60.51	—	COM	00287Y109
IDA	IDACORP, Inc.	27,114 (-16.1%)	$4.102M (-11.2%)	0.0%	$96.46	—	COM	451107106
WMB	Williams Companies, Inc.	255,775 (-4.5%)	$19.01M (-2.5%)	0.2%	$23.29	—	COM	969457100
MSGS	Madison Square Garden Sports C	28,140 (-23.2%)	$11.31M (-4.0%)	0.1%	$286.84	—	COM	55825T103
RPM	RPM International Inc.	68,458 (-5.8%)	$7.609M (+5.4%)	0.1%	$108.71	—	COM	749685103
CNH	CNH Industrial NV	2,015,546 (-3.5%)	$22.63M (-1.5%)	0.3%	$10.51	—	COM	N20944109
AMGN	Amgen Inc.	19,385 (-6.3%)	$7.02M (-3.6%)	0.1%	$123.15	—	COM	031162100
ORCL	Oracle Corporation	20,345 (-5.2%)	$2.982M (-5.5%)	0.0%	$73.78	—	COM	68389X105
CNI	Canadian National Railway Comp	2,276 (-44.1%)	$271K (-35.1%)	0.0%	$99.49	—	COM	136375102
JNJ	Johnson & Johnson	23,792 (-5.7%)	$6.042M (-2.0%)	0.1%	$145.29	—	COM	478160104
TNC	Tennant Company	203,677 (-24.6%)	$17.83M (-0.6%)	0.2%	$77.46	—	COM	880345103
PAYC	Paycom Software, Inc.	522,119 (-3.2%)	$65.62M (+0.1%)	0.7%	$166.90	—	COM	70432V102
CNA	CNA Financial Corporation	802,360 (-5.4%)	$39M (+0.1%)	0.4%	$23.81	—	COM	126117100
MRSH	Marsh & McLennan Companies, In	1,290 (-10.2%)	$215K (-13.7%)	0.0%	$181.36	—	COM	571748102
EXPD	Expeditors International Of Wa	102,766 (-12.0%)	$16.75M (+0.1%)	0.2%	$116.09	—	COM	302130109

Unchanged Positions (12)

SNN Smith & Nephew plc Sponsored A 1.0%

Value $92.82M Shares 3,221,876 Est. Cost $29.25 Unrealized —

BATRK Atlanta Braves Holdings Inc Cl 0.2%

Value $16.56M Shares 319,128 Est. Cost $39.86 Unrealized —

CBSH Commerce Bancshares, Inc. 0.2%

Value $19.63M Shares 339,962 Est. Cost $53.64 Unrealized —

BDX Becton, Dickinson and Company 0.7%

Value $62.6M Shares 413,651 Est. Cost $197.60 Unrealized —

UFPI UFP Industries, Inc. 0.9%

Value $80.68M Shares 889,187 Est. Cost $97.39 Unrealized —

EL Estee Lauder Companies Inc. Cl 0.1%

Value $11.83M Shares 149,826 Est. Cost $76.69 Unrealized —

COO Cooper Companies, Inc. 1.6%

Value $142M Shares 1,980,875 Est. Cost $74.77 Unrealized —

APG Api Group Corporation 0.1%

Value $8.968M Shares 211,761 Est. Cost $20.52 Unrealized —

EPD Enterprise Products Partners L 0.0%

Value $3.215M Shares 87,467 Est. Cost $26.83 Unrealized —

BRO Brown & Brown, Inc. 0.1%

Value $10.15M Shares 158,234 Est. Cost $74.19 Unrealized —

JOE St. Joe Company 0.1%

Value $9.19M Shares 146,741 Est. Cost $46.83 Unrealized —

NWSA News Corporation Class A 0.1%

Value $10.53M Shares 424,146 Est. Cost $26.10 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SNN	Smith & Nephew plc Sponsored A	3,221,876	$92.82M	1.0%	$29.25	—	COM	83175M205
BATRK	Atlanta Braves Holdings Inc Cl	319,128	$16.56M	0.2%	$39.86	—	COM	047726302
CBSH	Commerce Bancshares, Inc.	339,962	$19.63M	0.2%	$53.64	—	COM	200525103
BDX	Becton, Dickinson and Company	413,651	$62.6M	0.7%	$197.60	—	COM	075887109
UFPI	UFP Industries, Inc.	889,187	$80.68M	0.9%	$97.39	—	COM	90278Q108
EL	Estee Lauder Companies Inc. Cl	149,826	$11.83M	0.1%	$76.69	—	COM	518439104
COO	Cooper Companies, Inc.	1,980,875	$142M	1.6%	$74.77	—	COM	216648501
APG	Api Group Corporation	211,761	$8.968M	0.1%	$20.52	—	COM	00187Y100
EPD	Enterprise Products Partners L	87,467	$3.215M	0.0%	$26.83	—	COM	293792107
BRO	Brown & Brown, Inc.	158,234	$10.15M	0.1%	$74.19	—	COM	115236101
JOE	St. Joe Company	146,741	$9.19M	0.1%	$46.83	—	COM	790148100
NWSA	News Corporation Class A	424,146	$10.53M	0.1%	$26.10	—	COM	65249B109