Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HRB	H&R BLOCK INC	106,396 (+59.0%)	$4.052M (+90.8%)	2.5%	$26.64	—	COM	093671105
ZBH	ZIMMER BIOMET HOLDINGS INC	60,881 (+63.8%)	$5.241M (+55.9%)	3.3%	$101.59	—	COM	98956P102
BZH	BEAZER HOMES USA INC	171,285 (+6.8%)	$4.805M (+55.7%)	3.0%	$22.87	—	COM	07556Q881
KHC	KRAFT HEINZ CO	145,231 (+26.3%)	$3.43M (+32.7%)	2.2%	$24.71	—	COM	500754106
CMCSA	COMCAST CORP	306,581 (+5.5%)	$7.527M (-9.8%)	4.7%	$28.28	—	CL A	20030N101
CNXC	CONCENTRIX CORP	144,589 (+6.7%)	$3.239M (-12.6%)	2.0%	$40.80	—	COM	20602D101
SJM	JM SMUCKER CO	13,829 (+7.3%)	$1.556M (+25.2%)	1.0%	$99.02	—	COM	832696405
GYRO	GYRODYNE LLC	13,355 (+11.4%)	$80,664 (-9.2%)	0.1%	$7.75	—	COM	403829104

Exited Positions (1)

BLFY BLUE FOUNDRY BANCORP 0.2%

Value $315K Shares 23,758 Est. Cost $8.81 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BLFY	BLUE FOUNDRY BANCORP	23,758	$315K	0.2%	$8.81	—	—	09549B104

Decreased Positions (20)

PFE PFIZER INC 3.7%

Value $5.831M (-15.2%) Shares 242,134 (-1.1%) Est. Cost $21.72 Unrealized —

SPGI S&P GLOBAL INC 6.2%

Value $9.814M (-6.6%) Shares 24,098 (-2.4%) Est. Cost $109.91 Unrealized —

NDAQ NASDAQ INC 4.3%

Value $6.817M (-8.5%) Shares 86,482 (-1.4%) Est. Cost $43.73 Unrealized —

PII POLARIS INC 1.9%

Value $3.061M (+24.3%) Shares 44,721 (-1.0%) Est. Cost $76.06 Unrealized —

C CITIGROUP INC 2.7%

Value $4.353M (+15.3%) Shares 31,103 (-6.6%) Est. Cost $47.21 Unrealized —

BUD ANHEUSER-BUSCH INBEV 0.4%

Value $611K (-30.3%) Shares 7,411 (-41.3%) Est. Cost $46.10 Unrealized —

BMY BRISTOL-MYERS SQUIBB CO 2.6%

Value $4.128M (-6.0%) Shares 71,646 (-1.1%) Est. Cost $46.13 Unrealized —

GOOGL ALPHABET INC 2.1%

Value $3.398M (-6.4%) Shares 9,508 (-24.7%) Est. Cost $166.24 Unrealized —

WHR WHIRLPOOL CORP 0.3%

Value $479K (-27.7%) Shares 12,158 (-1.2%) Est. Cost $126.76 Unrealized —

AMGN AMGEN INC 8.5%

Value $13.54M (+1.3%) Shares 37,380 (-1.5%) Est. Cost $114.37 Unrealized —

AAPL APPLE INC 0.2%

Value $283K (-36.1%) Shares 979 (-44.0%) Est. Cost $201.41 Unrealized —

DIS WALT DISNEY CO 4.9%

Value $7.731M (-1.7%) Shares 80,326 (-1.6%) Est. Cost $180.17 Unrealized —

FRME FIRST MERCHANTS CORP 1.5%

Value $2.382M (+5.2%) Shares 54,531 (-6.8%) Est. Cost $39.88 Unrealized —

— GARMIN LTD 1.9%

Value $3.036M (-3.2%) Shares 12,781 (-5.4%) Est. Cost $202.85 Unrealized —

BHC BAUSCH HEALTH COS INC 0.2%

Value $348K (-11.5%) Shares 70,799 (-3.1%) Est. Cost $20.79 Unrealized —

VTRS VIATRIS INC 0.2%

Value $256K (+15.9%) Shares 16,104 (-1.4%) Est. Cost $13.33 Unrealized —

META META PLATFORMS INC 0.4%

Value $684K (-2.7%) Shares 1,214 (-1.2%) Est. Cost $626.75 Unrealized —

BAC BANK OF AMERICA CORP 0.2%

Value $258K (+6.3%) Shares 4,524 (-9.0%) Est. Cost $19.77 Unrealized —

MSFT MICROSOFT CORP 1.5%

Value $2.393M (-0.4%) Shares 6,415 (-1.1%) Est. Cost $69.81 Unrealized —

WSM WILLIAMS-SONOMA INC 0.8%

Value $1.246M (+0.0%) Shares 5,346 (-21.8%) Est. Cost $99.37 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PFE	PFIZER INC	242,134 (-1.1%)	$5.831M (-15.2%)	3.7%	$21.72	—	COM	717081103
SPGI	S&P GLOBAL INC	24,098 (-2.4%)	$9.814M (-6.6%)	6.2%	$109.91	—	COM	78409V104
NDAQ	NASDAQ INC	86,482 (-1.4%)	$6.817M (-8.5%)	4.3%	$43.73	—	COM	631103108
PII	POLARIS INC	44,721 (-1.0%)	$3.061M (+24.3%)	1.9%	$76.06	—	COM	731068102
C	CITIGROUP INC	31,103 (-6.6%)	$4.353M (+15.3%)	2.7%	$47.21	—	COM	172967424
BUD	ANHEUSER-BUSCH INBEV	7,411 (-41.3%)	$611K (-30.3%)	0.4%	$46.10	—	COM	03524A108
BMY	BRISTOL-MYERS SQUIBB CO	71,646 (-1.1%)	$4.128M (-6.0%)	2.6%	$46.13	—	COM	110122108
GOOGL	ALPHABET INC	9,508 (-24.7%)	$3.398M (-6.4%)	2.1%	$166.24	—	CL A	02079K305
WHR	WHIRLPOOL CORP	12,158 (-1.2%)	$479K (-27.7%)	0.3%	$126.76	—	COM	963320106
AMGN	AMGEN INC	37,380 (-1.5%)	$13.54M (+1.3%)	8.5%	$114.37	—	COM	031162100
AAPL	APPLE INC	979 (-44.0%)	$283K (-36.1%)	0.2%	$201.41	—	COM	037833100
DIS	WALT DISNEY CO	80,326 (-1.6%)	$7.731M (-1.7%)	4.9%	$180.17	—	COM	254687106
FRME	FIRST MERCHANTS CORP	54,531 (-6.8%)	$2.382M (+5.2%)	1.5%	$39.88	—	COM	320817109
—	GARMIN LTD	12,781 (-5.4%)	$3.036M (-3.2%)	1.9%	$202.85	—	COM	H2906T909
BHC	BAUSCH HEALTH COS INC	70,799 (-3.1%)	$348K (-11.5%)	0.2%	$20.79	—	COM	071734107
VTRS	VIATRIS INC	16,104 (-1.4%)	$256K (+15.9%)	0.2%	$13.33	—	COM	92556V106
META	META PLATFORMS INC	1,214 (-1.2%)	$684K (-2.7%)	0.4%	$626.75	—	CL A	30303M102
BAC	BANK OF AMERICA CORP	4,524 (-9.0%)	$258K (+6.3%)	0.2%	$19.77	—	COM	060505104
MSFT	MICROSOFT CORP	6,415 (-1.1%)	$2.393M (-0.4%)	1.5%	$69.81	—	COM	594918104
WSM	WILLIAMS-SONOMA INC	5,346 (-21.8%)	$1.246M (+0.0%)	0.8%	$99.37	—	COM	969904101

Unchanged Positions (33)

NVO NOVO-NORDISK A/S 3.7%

Value $5.85M Shares 122,031 Est. Cost $53.41 Unrealized —

T AT&T INC 1.5%

Value $2.35M Shares 113,547 Est. Cost $15.62 Unrealized —

MHO M/I HOMES INC 2.1%

Value $3.366M Shares 20,932 Est. Cost $86.60 Unrealized —

CHTR CHARTER COMMUNICATIONS INC 0.7%

Value $1.172M Shares 8,244 Est. Cost $269.71 Unrealized —

SYF SYNCHRONY FINANCIAL 3.5%

Value $5.631M Shares 74,042 Est. Cost $32.72 Unrealized —

ABBV ABBVIE INC 2.4%

Value $3.894M Shares 15,475 Est. Cost $70.50 Unrealized —

MRK MERCK & CO. INC. 5.8%

Value $9.168M Shares 71,350 Est. Cost $46.85 Unrealized —

MDT MEDTRONIC PLC 2.4%

Value $3.774M Shares 48,245 Est. Cost $63.47 Unrealized —

RMNI RIMINI STREET INC 0.9%

Value $1.457M Shares 342,003 Est. Cost $2.59 Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 0.6%

Value $979K Shares 7,952 Est. Cost $58.95 Unrealized —

ATKR ATKORE INC 0.7%

Value $1.062M Shares 13,967 Est. Cost $76.25 Unrealized —

FLG FLAGSTAR BANK NA 1.3%

Value $2.088M Shares 139,740 Est. Cost $9.76 Unrealized —

KVUE KENVUE INC 1.5%

Value $2.351M Shares 123,046 Est. Cost $17.64 Unrealized —

JEF JEFFERIES FINANCIAL GROUP IN 0.8%

Value $1.29M Shares 25,808 Est. Cost $58.82 Unrealized —

HTB HOMETRUST BANCSHARES INC 0.8%

Value $1.2M Shares 24,044 Est. Cost $21.89 Unrealized —

DLX DELUXE CORP 0.7%

Value $1.094M Shares 45,808 Est. Cost $34.75 Unrealized —

FFBC FIRST FINANCIAL BANCORP 0.6%

Value $932K Shares 27,556 Est. Cost $28.21 Unrealized —

V VISA INC 0.8%

Value $1.239M Shares 3,611 Est. Cost $192.21 Unrealized —

MBWM MERCANTILE BANK CORP 0.6%

Value $972K Shares 16,925 Est. Cost $22.06 Unrealized —

IOSP INNOSPEC INC 0.6%

Value $975K Shares 11,974 Est. Cost $56.82 Unrealized —

CME CME GROUP INC 0.2%

Value $244K Shares 1,104 Est. Cost $79.74 Unrealized —

HYNE HOYNE BANCORP INC 0.3%

Value $528K Shares 31,555 Est. Cost $13.87 Unrealized —

SCI SERVICE CORP INTERNATIONAL 0.5%

Value $768K Shares 10,105 Est. Cost $26.66 Unrealized —

MCO MOODY'S CORP 0.9%

Value $1.426M Shares 3,149 Est. Cost $92.69 Unrealized —

WFC WELLS FARGO & CO 0.7%

Value $1.151M Shares 13,928 Est. Cost $40.47 Unrealized —

LSBK LAKE SHORE BANCORP INC 0.2%

Value $280K Shares 15,715 Est. Cost $12.57 Unrealized —

COF CAPITAL ONE FINANCIAL CORP 0.3%

Value $453K Shares 2,257 Est. Cost $185.05 Unrealized —

TCBK TRICO BANCSHARES 0.2%

Value $291K Shares 5,412 Est. Cost $31.57 Unrealized —

MA MASTERCARD INC 0.5%

Value $755K Shares 1,470 Est. Cost $351.61 Unrealized —

IDCC INTERDIGITAL INC 0.2%

Value $300K Shares 1,058 Est. Cost $201.31 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC 0.2%

Value $335K Shares 670 Est. Cost $155.17 Unrealized —

NVS NOVARTIS AG 0.3%

Value $532K Shares 3,392 Est. Cost $73.19 Unrealized —

VSNT VERSANT MEDIA GROUP INC 0.3%

Value $407K Shares 11,292 Est. Cost $32.14 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVO	NOVO-NORDISK A/S	122,031	$5.85M	3.7%	$53.41	—	ADR	670100205
T	AT&T INC	113,547	$2.35M	1.5%	$15.62	—	COM	00206R102
MHO	M/I HOMES INC	20,932	$3.366M	2.1%	$86.60	—	COM	55305B101
CHTR	CHARTER COMMUNICATIONS INC	8,244	$1.172M	0.7%	$269.71	—	CL A	16119P108
SYF	SYNCHRONY FINANCIAL	74,042	$5.631M	3.5%	$32.72	—	COM	87165B103
ABBV	ABBVIE INC	15,475	$3.894M	2.4%	$70.50	—	COM	00287Y109
MRK	MERCK & CO. INC.	71,350	$9.168M	5.8%	$46.85	—	COM	58933Y105
MDT	MEDTRONIC PLC	48,245	$3.774M	2.4%	$63.47	—	COM	G5960L103
RMNI	RIMINI STREET INC	342,003	$1.457M	0.9%	$2.59	—	COM	76674Q107
ICE	INTERCONTINENTAL EXCHANGE IN	7,952	$979K	0.6%	$58.95	—	COM	45866F104
ATKR	ATKORE INC	13,967	$1.062M	0.7%	$76.25	—	COM	047649108
FLG	FLAGSTAR BANK NA	139,740	$2.088M	1.3%	$9.76	—	COM	649445400
KVUE	KENVUE INC	123,046	$2.351M	1.5%	$17.64	—	COM	49177J102
JEF	JEFFERIES FINANCIAL GROUP IN	25,808	$1.29M	0.8%	$58.82	—	COM	47233W109
HTB	HOMETRUST BANCSHARES INC	24,044	$1.2M	0.8%	$21.89	—	COM	437872104
DLX	DELUXE CORP	45,808	$1.094M	0.7%	$34.75	—	COM	248019101
FFBC	FIRST FINANCIAL BANCORP	27,556	$932K	0.6%	$28.21	—	COM	320209109
V	VISA INC	3,611	$1.239M	0.8%	$192.21	—	CL A	92826C839
MBWM	MERCANTILE BANK CORP	16,925	$972K	0.6%	$22.06	—	COM	587376104
IOSP	INNOSPEC INC	11,974	$975K	0.6%	$56.82	—	COM	45768S105
CME	CME GROUP INC	1,104	$244K	0.2%	$79.74	—	CL C	12572Q105
HYNE	HOYNE BANCORP INC	31,555	$528K	0.3%	$13.87	—	COM	44326H107
SCI	SERVICE CORP INTERNATIONAL	10,105	$768K	0.5%	$26.66	—	COM	817565104
MCO	MOODY'S CORP	3,149	$1.426M	0.9%	$92.69	—	COM	615369105
WFC	WELLS FARGO & CO	13,928	$1.151M	0.7%	$40.47	—	COM	949746101
LSBK	LAKE SHORE BANCORP INC	15,715	$280K	0.2%	$12.57	—	COM	510704109
COF	CAPITAL ONE FINANCIAL CORP	2,257	$453K	0.3%	$185.05	—	COM	14040H105
TCBK	TRICO BANCSHARES	5,412	$291K	0.2%	$31.57	—	COM	896095106
MA	MASTERCARD INC	1,470	$755K	0.5%	$351.61	—	CL A	57636Q104
IDCC	INTERDIGITAL INC	1,058	$300K	0.2%	$201.31	—	COM	45867G101
BRK/B	BERKSHIRE HATHAWAY INC	670	$335K	0.2%	$155.17	—	CL B	084670702
NVS	NOVARTIS AG	3,392	$532K	0.3%	$73.19	—	COM	66987V109
VSNT	VERSANT MEDIA GROUP INC	11,292	$407K	0.3%	$32.14	—	COM	925283103