Ceredex Value Advisors LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LPLA	LPL FINL HLDGS INC	132,920	$39,986	1.3%	$356.93	0.0%	COM	50212V100
GPC	GENUINE PARTS CO	365,399	$38,641	1.2%	$133.51	0.0%	COM	372460105
CMI	CUMMINS INC	69,928	$37,623	1.2%	$575.50	0.0%	COM	231021106
MCHP	MICROCHIP TECHNOLOGY INC.	580,796	$37,525	1.2%	$75.77	0.0%	COM	595017104
OVV	OVINTIV INC	615,259	$36,522	1.1%	$43.67	0.0%	COM	69047Q102
JKHY	HENRY JACK & ASSOC INC	223,400	$35,306	1.1%	$175.40	0.0%	COM	426281101
NDAQ	NASDAQ INC	368,807	$31,308	1.0%	$91.74	0.0%	COM	631103108
LYB	LYONDELLBASELL INDUSTRIES NV	355,689	$28,654	0.9%	$52.41	0.0%	SHS - A -	N53745100
NEE	NEXTERA ENERGY INC	300,748	$27,933	0.9%	$87.17	0.0%	COM	65339F101
PG	PROCTER & GAMBLE CO	183,404	$26,491	0.8%	$151.77	0.0%	COM	742718109
HAL	HALLIBURTON CO	674,238	$26,289	0.8%	$33.54	0.0%	COM	406216101
AEP	AMERICAN ELEC PWR CO INC	192,600	$25,246	0.8%	$120.54	0.0%	COM	025537101
CAH	CARDINAL HEALTH INC	114,750	$24,248	0.8%	$215.31	0.0%	COM	14149Y108
AMAT	APPLIED MATLS INC	68,771	$23,505	0.7%	$326.57	0.0%	COM	038222105
TKO	TKO GROUP HOLDINGS INC	114,775	$23,144	0.7%	$205.58	0.0%	CL A	87256C101
ENTG	ENTEGRIS INC	189,500	$22,217	0.7%	$118.35	0.0%	COM	29362U104
HBAN	HUNTINGTON BANCSHARES INC	1,389,179	$21,741	0.7%	$17.89	0.0%	COM	446150104
STZ	CONSTELLATION BRANDS INC	143,550	$21,533	0.7%	$155.99	0.0%	CL A	21036P108
ITT	ITT INC	105,880	$20,173	0.6%	$190.47	0.0%	COM	45073V108
VRSN	VERISIGN INC	80,400	$19,968	0.6%	$235.45	0.0%	COM	92343E102
BWXT	BWX TECHNOLOGIES INC	97,600	$19,958	0.6%	$202.99	0.0%	COM	05605H100
ROL	ROLLINS INC	373,300	$19,938	0.6%	$61.83	0.0%	COM	775711104
VLO	VALERO ENERGY CORP	80,500	$19,890	0.6%	$190.06	0.0%	COM	91913Y100
SU	SUNCOR ENERGY INC NEW	298,300	$19,721	0.6%	$51.81	0.0%	COM	867224107
DCI	DONALDSON INC	229,550	$19,482	0.6%	$101.93	0.0%	COM	257651109
MPWR	MONOLITHIC PWR SYS INC	17,275	$18,888	0.6%	$1104.63	0.0%	COM	609839105
BG	BUNGE GLOBAL SA	138,150	$17,573	0.6%	$112.04	0.0%	COM SHS	H11356104
DGX	QUEST DIAGNOSTICS INC	87,112	$17,072	0.5%	$190.57	0.0%	COM	74834L100
WYNN	WYNN RESORTS LTD	159,779	$16,226	0.5%	$114.13	0.0%	COM	983134107
SOLS	SOLSTICE ADVANCED MATLS INC	206,550	$15,731	0.5%	$65.21	0.0%	COM SHS	83443Q103
APD	AIR PRODUCTS AND CHEMICALS I	51,750	$15,033	0.5%	$271.49	0.0%	COM	009158106
XEL	XCEL ENERGY INC	177,900	$14,132	0.4%	$77.17	0.0%	COM	98389B100
MTRN	MATERION CORP	97,500	$14,103	0.4%	$145.42	0.0%	COM	576690101
MEOH	METHANEX CORP	206,250	$12,280	0.4%	$47.45	0.0%	COM	59151K108
KLIC	KULICKE & SOFFA INDS INC	182,650	$12,004	0.4%	$62.26	0.0%	COM	501242101
LUV	SOUTHWEST AIRLS CO	308,053	$11,574	0.4%	$47.34	0.0%	COM	844741108
TEX	TEREX CORP NEW	188,700	$11,152	0.4%	$62.32	0.0%	COM	880779103
SR	SPIRE INC	120,850	$10,942	0.3%	$90.54	—	COM	84857L101
MAA	MID-AMER APT CMNTYS INC	89,296	$10,905	0.3%	$139.13	0.0%	COM	59522J103
FELE	FRANKLIN ELEC INC	118,000	$10,876	0.3%	$100.43	0.0%	COM	353514102
MKC	MCCORMICK & CO INC	214,299	$10,809	0.3%	$66.69	0.0%	COM NON VTG	579780206
NPO	ENPRO INC	42,925	$10,759	0.3%	$249.69	0.0%	COM	29355X107
AVT	AVNET INC	172,650	$10,639	0.3%	$58.27	0.0%	COM	053807103
ACA	ARCOSA INC	98,475	$10,452	0.3%	$117.72	0.0%	COM	039653100
MUR	MURPHY OIL CORP	248,850	$10,265	0.3%	$31.76	0.0%	COM	626717102
UTZ	UTZ BRANDS INC	1,264,500	$10,015	0.3%	$10.12	0.0%	COM CL A	918090101
TPB	TURNING PT BRANDS INC	107,425	$9,323	0.3%	$122.70	0.0%	COM	90041L105
FLG	FLAGSTAR BANK NATIONAL ASSOC	643,500	$8,475	0.3%	$13.36	0.0%	COM NEW	649445400
WHD	CACTUS INC	176,250	$8,349	0.3%	$55.06	0.0%	CL A	127203107
WING	WINGSTOP INC	53,675	$8,318	0.3%	$264.51	0.0%	COM	974155103

Increased Positions (26)

WM WASTE MGMT INC DEL 1.4%

Value ($000) $44,772 (+120.3%) Shares 194,837 (+110.6%) Est. Cost $219.65 Unrealized +2.9%

EQIX EQUINIX INC 1.5%

Value ($000) $46,925 (+96.5%) Shares 47,871 (+53.6%) Est. Cost $808.01 Unrealized -5.4%

RRX REGAL REXNORD CORPORATION 1.0%

Value ($000) $32,715 (+141.0%) Shares 174,705 (+80.6%) Est. Cost $160.53 Unrealized +12.8%

RYAN RYAN SPECIALTY HOLDINGS INC 0.9%

Value ($000) $28,325 (+163.9%) Shares 839,500 (+303.9%) Est. Cost $48.67 Unrealized -4.2%

VMC VULCAN MATLS CO 1.1%

Value ($000) $35,575 (+96.5%) Shares 130,648 (+105.8%) Est. Cost $271.00 Unrealized +13.2%

NVT NVENT ELEC PLC 1.0%

Value ($000) $31,362 (+102.1%) Shares 265,150 (+74.2%) Est. Cost $88.58 Unrealized +26.8%

AEIS ADVANCED ENERGY INDS 0.9%

Value ($000) $27,221 (+63.2%) Shares 84,350 (+5.9%) Est. Cost $123.34 Unrealized +119.3%

A AGILENT TECHNOLOGIES INC 0.8%

Value ($000) $24,269 (+18.7%) Shares 212,925 (+41.7%) Est. Cost $124.73 Unrealized +8.0%

REGN REGENERON PHARMACEUTICALS 0.8%

Value ($000) $25,072 (+13.8%) Shares 32,450 (+13.7%) Est. Cost $689.55 Unrealized +11.5%

ORCL ORACLE CORP 0.5%

Value ($000) $14,988 (+23.4%) Shares 101,880 (+63.5%) Est. Cost $211.47 Unrealized -19.8%

EVR EVERCORE INC 1.2%

Value ($000) $36,873 (+8.0%) Shares 123,525 (+23.1%) Est. Cost $251.66 Unrealized +39.8%

HBM HUDBAY MINERALS INC 0.4%

Value ($000) $13,173 (+25.8%) Shares 630,300 (+19.5%) Est. Cost $18.14 Unrealized +34.8%

LECO LINCOLN ELEC HLDGS INC 0.7%

Value ($000) $22,890 (+10.4%) Shares 91,900 (+6.2%) Est. Cost $238.82 Unrealized +13.4%

MSM MSC INDL DIRECT INC 0.4%

Value ($000) $11,441 (+19.7%) Shares 124,000 (+9.1%) Est. Cost $94.46 Unrealized -5.9%

ESAB ESAB CORPORATION 0.4%

Value ($000) $11,430 (-10.6%) Shares 118,250 (+3.4%) Est. Cost $118.41 Unrealized +4.2%

COF CAPITAL ONE FINL CORP 0.7%

Value ($000) $23,343 (-5.4%) Shares 127,957 (+25.6%) Est. Cost $137.27 Unrealized +62.6%

JPM JPMORGAN CHASE & CO 1.3%

Value ($000) $41,601 (-3.1%) Shares 141,424 (+6.2%) Est. Cost $158.29 Unrealized +96.7%

YUM YUM BRANDS INC 0.6%

Value ($000) $17,865 (+7.7%) Shares 114,900 (+4.8%) Est. Cost $148.11 Unrealized +6.2%

AXS AXIS CAP HLDGS LTD 0.4%

Value ($000) $11,480 (+11.2%) Shares 113,200 (+17.4%) Est. Cost $77.79 Unrealized +32.6%

CR CRANE COMPANY 1.1%

Value ($000) $34,149 (+3.4%) Shares 199,700 (+11.6%) Est. Cost $186.69 Unrealized +6.2%

GOOG ALPHABET INC 1.4%

Value ($000) $44,479 (-2.0%) Shares 155,054 (+7.3%) Est. Cost $217.62 Unrealized +48.7%

MTH MERITAGE HOMES CORP 0.3%

Value ($000) $9,857 (-4.9%) Shares 159,400 (+1.2%) Est. Cost $66.56 Unrealized +11.6%

GIL GILDAN ACTIVEWEAR INC 0.8%

Value ($000) $26,802 (-1.8%) Shares 481,625 (+10.2%) Est. Cost $60.19 Unrealized +12.0%

CIGI COLLIERS INTL GROUP INC 0.3%

Value ($000) $10,042 (-2.9%) Shares 93,950 (+33.6%) Est. Cost $123.32 Unrealized +8.9%

BDX BECTON DICKINSON & CO 0.5%

Value ($000) $17,151 (-1.7%) Shares 109,084 (+21.4%) Est. Cost $185.73 Unrealized -9.6%

LPX LOUISIANA PAC CORP 0.3%

Value ($000) $10,527 (+1.0%) Shares 144,700 (+12.1%) Est. Cost $79.10 Unrealized +12.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WM	WASTE MGMT INC DEL	194,837 (+110.6%)	$44,772 (+120.3%)	1.4%	$219.65	+2.9%	COM	94106L109
EQIX	EQUINIX INC	47,871 (+53.6%)	$46,925 (+96.5%)	1.5%	$808.01	-5.4%	COM	29444U700
RRX	REGAL REXNORD CORPORATION	174,705 (+80.6%)	$32,715 (+141.0%)	1.0%	$160.53	+12.8%	COM	758750103
RYAN	RYAN SPECIALTY HOLDINGS INC	839,500 (+303.9%)	$28,325 (+163.9%)	0.9%	$48.67	-4.2%	CL A	78351F107
VMC	VULCAN MATLS CO	130,648 (+105.8%)	$35,575 (+96.5%)	1.1%	$271.00	+13.2%	COM	929160109
NVT	NVENT ELEC PLC	265,150 (+74.2%)	$31,362 (+102.1%)	1.0%	$88.58	+26.8%	SHS	G6700G107
AEIS	ADVANCED ENERGY INDS	84,350 (+5.9%)	$27,221 (+63.2%)	0.9%	$123.34	+119.3%	COM	007973100
A	AGILENT TECHNOLOGIES INC	212,925 (+41.7%)	$24,269 (+18.7%)	0.8%	$124.73	+8.0%	COM	00846U101
REGN	REGENERON PHARMACEUTICALS	32,450 (+13.7%)	$25,072 (+13.8%)	0.8%	$689.55	+11.5%	COM	75886F107
ORCL	ORACLE CORP	101,880 (+63.5%)	$14,988 (+23.4%)	0.5%	$211.47	-19.8%	COM	68389X105
EVR	EVERCORE INC	123,525 (+23.1%)	$36,873 (+8.0%)	1.2%	$251.66	+39.8%	CLASS A	29977A105
HBM	HUDBAY MINERALS INC	630,300 (+19.5%)	$13,173 (+25.8%)	0.4%	$18.14	+34.8%	COM	443628102
LECO	LINCOLN ELEC HLDGS INC	91,900 (+6.2%)	$22,890 (+10.4%)	0.7%	$238.82	+13.4%	COM	533900106
MSM	MSC INDL DIRECT INC	124,000 (+9.1%)	$11,441 (+19.7%)	0.4%	$94.46	-5.9%	CL A	553530106
ESAB	ESAB CORPORATION	118,250 (+3.4%)	$11,430 (-10.6%)	0.4%	$118.41	+4.2%	COM	29605J106
COF	CAPITAL ONE FINL CORP	127,957 (+25.6%)	$23,343 (-5.4%)	0.7%	$137.27	+62.6%	COM	14040H105
JPM	JPMORGAN CHASE & CO	141,424 (+6.2%)	$41,601 (-3.1%)	1.3%	$158.29	+96.7%	COM	46625H100
YUM	YUM BRANDS INC	114,900 (+4.8%)	$17,865 (+7.7%)	0.6%	$148.11	+6.2%	COM	988498101
AXS	AXIS CAP HLDGS LTD	113,200 (+17.4%)	$11,480 (+11.2%)	0.4%	$77.79	+32.6%	SHS	G0692U109
CR	CRANE COMPANY	199,700 (+11.6%)	$34,149 (+3.4%)	1.1%	$186.69	+6.2%	COMMON STOCK	224408104
GOOG	ALPHABET INC	155,054 (+7.3%)	$44,479 (-2.0%)	1.4%	$217.62	+48.7%	CAP STK CL C	02079K107
MTH	MERITAGE HOMES CORP	159,400 (+1.2%)	$9,857 (-4.9%)	0.3%	$66.56	+11.6%	COM	59001A102
GIL	GILDAN ACTIVEWEAR INC	481,625 (+10.2%)	$26,802 (-1.8%)	0.8%	$60.19	+12.0%	COM	375916103
CIGI	COLLIERS INTL GROUP INC	93,950 (+33.6%)	$10,042 (-2.9%)	0.3%	$123.32	+8.9%	SUB VTG SHS	194693107
BDX	BECTON DICKINSON & CO	109,084 (+21.4%)	$17,151 (-1.7%)	0.5%	$185.73	-9.6%	COM	075887109
LPX	LOUISIANA PAC CORP	144,700 (+12.1%)	$10,527 (+1.0%)	0.3%	$79.10	+12.6%	COM	546347105

Exited Positions (44)

MCO MOODYS CORP 1.5%

Value ($000) $47,960 Shares 93,883 Est. Cost $482.96 Unrealized +1.4%

AAON AAON INC 1.3%

Value ($000) $40,393 Shares 529,750 Est. Cost $85.06 Unrealized +9.5%

APO APOLLO GLOBAL MGMT INC 1.0%

Value ($000) $31,243 Shares 215,827 Est. Cost $132.57 Unrealized +0.6%

SNX TD SYNNEX CORPORATION 0.9%

Value ($000) $29,806 Shares 198,400 Est. Cost $114.46 Unrealized +37.6%

SLB SLB LIMITED 0.9%

Value ($000) $28,259 Shares 736,294 Est. Cost $37.50 Unrealized +28.8%

ELS EQUITY LIFESTYLE PPTYS INC 0.9%

Value ($000) $28,063 Shares 463,002 Est. Cost $66.48 Unrealized —

VFC V F CORP 0.9%

Value ($000) $27,879 Shares 1,542,000 Est. Cost $16.21 Unrealized +22.9%

JCI JOHNSON CTLS INTL PLC 0.8%

Value ($000) $25,714 Shares 214,728 Est. Cost $70.64 Unrealized +78.4%

PPL PPL CORP 0.8%

Value ($000) $25,481 Shares 727,615 Est. Cost $33.65 Unrealized +7.7%

CHD CHURCH & DWIGHT CO INC 0.8%

Value ($000) $24,319 Shares 290,028 Est. Cost $103.07 Unrealized -8.0%

MSI MOTOROLA SOLUTIONS INC 0.8%

Value ($000) $24,293 Shares 63,375 Est. Cost $411.21 Unrealized +1.1%

CCJ CAMECO CORP 0.8%

Value ($000) $24,277 Shares 265,350 Est. Cost $89.94 Unrealized +29.3%

BLK BLACKROCK INC 0.8%

Value ($000) $23,901 Shares 22,330 Est. Cost $1089.41 Unrealized +0.7%

RJF RAYMOND JAMES FINL INC 0.7%

Value ($000) $23,794 Shares 148,165 Est. Cost $106.17 Unrealized +55.8%

IR INGERSOLL RAND INC 0.7%

Value ($000) $23,627 Shares 298,247 Est. Cost $79.11 Unrealized +14.3%

SF STIFEL FINL CORP 0.7%

Value ($000) $23,147 Shares 184,850 Est. Cost $111.58 Unrealized +12.4%

M MACYS INC 0.7%

Value ($000) $22,821 Shares 1,034,950 Est. Cost $16.16 Unrealized +33.4%

WWD WOODWARD INC 0.7%

Value ($000) $22,689 Shares 75,050 Est. Cost $274.80 Unrealized +28.5%

FANG DIAMONDBACK ENERGY INC 0.6%

Value ($000) $20,016 Shares 133,150 Est. Cost $152.59 Unrealized +4.7%

DAL DELTA AIR LINES INC DEL 0.6%

Value ($000) $19,401 Shares 279,548 Est. Cost $57.91 Unrealized +20.6%

DPZ DOMINOS PIZZA INC 0.6%

Value ($000) $18,973 Shares 45,519 Est. Cost $415.46 Unrealized -3.5%

AWK AMERICAN WTR WKS CO INC NEW 0.6%

Value ($000) $18,113 Shares 138,800 Est. Cost $133.18 Unrealized -3.3%

FTI TECHNIPFMC PLC 0.6%

Value ($000) $17,949 Shares 402,800 Est. Cost $42.20 Unrealized +33.5%

CRM SALESFORCE INC 0.6%

Value ($000) $17,629 Shares 66,547 Est. Cost $248.17 Unrealized -13.1%

HUM HUMANA INC 0.5%

Value ($000) $16,652 Shares 65,015 Est. Cost $249.07 Unrealized -10.3%

GRMN GARMIN LTD 0.5%

Value ($000) $16,466 Shares 81,175 Est. Cost $216.69 Unrealized -1.0%

PB PROSPERITY BANCSHARES INC 0.5%

Value ($000) $15,947 Shares 230,750 Est. Cost $56.35 Unrealized +28.0%

FRME FIRST MERCHANTS CORP 0.5%

Value ($000) $15,515 Shares 413,950 Est. Cost $38.79 Unrealized +2.8%

RAL RALLIANT CORP 0.5%

Value ($000) $14,866 Shares 292,000 Est. Cost $44.73 Unrealized +10.0%

WCC WESCO INTL INC 0.4%

Value ($000) $13,584 Shares 55,525 Est. Cost $165.27 Unrealized +74.5%

BF/B BROWN FORMAN CORP 0.4%

Value ($000) $13,568 Shares 520,627 Est. Cost $27.98 Unrealized -0.1%

VMI VALMONT INDS INC 0.4%

Value ($000) $13,277 Shares 33,000 Est. Cost $287.53 Unrealized +56.0%

BBY BEST BUY INC 0.4%

Value ($000) $13,168 Shares 196,750 Est. Cost $70.82 Unrealized -5.4%

VOYA VOYA FINANCIAL INC 0.4%

Value ($000) $12,879 Shares 172,900 Est. Cost $67.54 Unrealized +11.6%

TTC TORO CO 0.4%

Value ($000) $11,611 Shares 147,500 Est. Cost $73.92 Unrealized +25.9%

FUL FULLER H B CO 0.3%

Value ($000) $11,110 Shares 186,850 Est. Cost $59.56 Unrealized +6.4%

SGI SOMNIGROUP INTERNATIONAL INC 0.3%

Value ($000) $10,950 Shares 122,647 Est. Cost $53.88 Unrealized +70.7%

TNC TENNANT CO 0.3%

Value ($000) $10,613 Shares 144,000 Est. Cost $82.06 Unrealized -5.1%

SNDR SCHNEIDER NATIONAL INC 0.3%

Value ($000) $10,225 Shares 385,400 Est. Cost $25.41 Unrealized +13.8%

REYN REYNOLDS CONSUMER PRODS INC 0.3%

Value ($000) $9,284 Shares 405,050 Est. Cost $24.94 Unrealized -6.1%

SHOO MADDEN STEVEN LTD 0.3%

Value ($000) $8,182 Shares 196,500 Est. Cost $27.75 Unrealized +50.4%

MUSA MURPHY USA INC 0.2%

Value ($000) $7,899 Shares 19,575 Est. Cost $452.94 Unrealized -8.9%

AMT AMERICAN TOWER CORP NEW 0.1%

Value ($000) $2,106 Shares 11,996 Est. Cost $185.71 Unrealized -5.9%

AON AON PLC 0.0%

Value ($000) $1,161 Shares 3,291 Est. Cost $310.48 Unrealized +8.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MCO	MOODYS CORP	93,883	$47,960	1.5%	$482.96	+1.4%	—	615369105
AAON	AAON INC	529,750	$40,393	1.3%	$85.06	+9.5%	—	000360206
APO	APOLLO GLOBAL MGMT INC	215,827	$31,243	1.0%	$132.57	+0.6%	—	03769M106
SNX	TD SYNNEX CORPORATION	198,400	$29,806	0.9%	$114.46	+37.6%	—	87162W100
SLB	SLB LIMITED	736,294	$28,259	0.9%	$37.50	+28.8%	—	806857108
ELS	EQUITY LIFESTYLE PPTYS INC	463,002	$28,063	0.9%	$66.48	—	—	29472R108
VFC	V F CORP	1,542,000	$27,879	0.9%	$16.21	+22.9%	—	918204108
JCI	JOHNSON CTLS INTL PLC	214,728	$25,714	0.8%	$70.64	+78.4%	—	G51502105
PPL	PPL CORP	727,615	$25,481	0.8%	$33.65	+7.7%	—	69351T106
CHD	CHURCH & DWIGHT CO INC	290,028	$24,319	0.8%	$103.07	-8.0%	—	171340102
MSI	MOTOROLA SOLUTIONS INC	63,375	$24,293	0.8%	$411.21	+1.1%	—	620076307
CCJ	CAMECO CORP	265,350	$24,277	0.8%	$89.94	+29.3%	—	13321L108
BLK	BLACKROCK INC	22,330	$23,901	0.8%	$1089.41	+0.7%	—	09290D101
RJF	RAYMOND JAMES FINL INC	148,165	$23,794	0.7%	$106.17	+55.8%	—	754730109
IR	INGERSOLL RAND INC	298,247	$23,627	0.7%	$79.11	+14.3%	—	45687V106
SF	STIFEL FINL CORP	184,850	$23,147	0.7%	$111.58	+12.4%	—	860630102
M	MACYS INC	1,034,950	$22,821	0.7%	$16.16	+33.4%	—	55616P104
WWD	WOODWARD INC	75,050	$22,689	0.7%	$274.80	+28.5%	—	980745103
FANG	DIAMONDBACK ENERGY INC	133,150	$20,016	0.6%	$152.59	+4.7%	—	25278X109
DAL	DELTA AIR LINES INC DEL	279,548	$19,401	0.6%	$57.91	+20.6%	—	247361702
DPZ	DOMINOS PIZZA INC	45,519	$18,973	0.6%	$415.46	-3.5%	—	25754A201
AWK	AMERICAN WTR WKS CO INC NEW	138,800	$18,113	0.6%	$133.18	-3.3%	—	030420103
FTI	TECHNIPFMC PLC	402,800	$17,949	0.6%	$42.20	+33.5%	—	G87110105
CRM	SALESFORCE INC	66,547	$17,629	0.6%	$248.17	-13.1%	—	79466L302
HUM	HUMANA INC	65,015	$16,652	0.5%	$249.07	-10.3%	—	444859102
GRMN	GARMIN LTD	81,175	$16,466	0.5%	$216.69	-1.0%	—	H2906T109
PB	PROSPERITY BANCSHARES INC	230,750	$15,947	0.5%	$56.35	+28.0%	—	743606105
FRME	FIRST MERCHANTS CORP	413,950	$15,515	0.5%	$38.79	+2.8%	—	320817109
RAL	RALLIANT CORP	292,000	$14,866	0.5%	$44.73	+10.0%	—	750940108
WCC	WESCO INTL INC	55,525	$13,584	0.4%	$165.27	+74.5%	—	95082P105
BF/B	BROWN FORMAN CORP	520,627	$13,568	0.4%	$27.98	-0.1%	—	115637209
VMI	VALMONT INDS INC	33,000	$13,277	0.4%	$287.53	+56.0%	—	920253101
BBY	BEST BUY INC	196,750	$13,168	0.4%	$70.82	-5.4%	—	086516101
VOYA	VOYA FINANCIAL INC	172,900	$12,879	0.4%	$67.54	+11.6%	—	929089100
TTC	TORO CO	147,500	$11,611	0.4%	$73.92	+25.9%	—	891092108
FUL	FULLER H B CO	186,850	$11,110	0.3%	$59.56	+6.4%	—	359694106
SGI	SOMNIGROUP INTERNATIONAL INC	122,647	$10,950	0.3%	$53.88	+70.7%	—	88023U101
TNC	TENNANT CO	144,000	$10,613	0.3%	$82.06	-5.1%	—	880345103
SNDR	SCHNEIDER NATIONAL INC	385,400	$10,225	0.3%	$25.41	+13.8%	—	80689H102
REYN	REYNOLDS CONSUMER PRODS INC	405,050	$9,284	0.3%	$24.94	-6.1%	—	76171L106
SHOO	MADDEN STEVEN LTD	196,500	$8,182	0.3%	$27.75	+50.4%	—	556269108
MUSA	MURPHY USA INC	19,575	$7,899	0.2%	$452.94	-8.9%	—	626755102
AMT	AMERICAN TOWER CORP NEW	11,996	$2,106	0.1%	$185.71	-5.9%	—	03027X100
AON	AON PLC	3,291	$1,161	0.0%	$310.48	+8.2%	—	G0403H108

Decreased Positions (80)

ALLY ALLY FINL INC 0.3%

Value ($000) $8,846 (-77.8%) Shares 225,500 (-74.4%) Est. Cost $38.48 Unrealized +11.0%

SEI SOLARIS ENERGY INFRAS INC 0.2%

Value ($000) $7,479 (-80.0%) Shares 132,350 (-83.7%) Est. Cost $31.12 Unrealized +70.4%

SSB SOUTHSTATE BK CORP 0.4%

Value ($000) $13,730 (-67.1%) Shares 148,400 (-66.5%) Est. Cost $96.16 Unrealized +4.9%

HXL HEXCEL CORP NEW 0.3%

Value ($000) $10,434 (-72.2%) Shares 128,925 (-74.6%) Est. Cost $65.63 Unrealized +28.6%

KEY KEYCORP 0.7%

Value ($000) $23,680 (-52.9%) Shares 1,181,042 (-51.5%) Est. Cost $12.81 Unrealized +69.3%

ROK ROCKWELL AUTOMATION INC 0.4%

Value ($000) $13,999 (-65.1%) Shares 39,008 (-62.2%) Est. Cost $277.34 Unrealized +47.9%

UNP UNION PAC CORP 0.1%

Value ($000) $2,247 (-91.1%) Shares 9,262 (-91.5%) Est. Cost $223.15 Unrealized +9.0%

TECH BIO-TECHNE CORP 0.6%

Value ($000) $18,025 (-55.5%) Shares 344,916 (-49.9%) Est. Cost $60.72 Unrealized +5.5%

HRI HERC HLDGS INC 0.4%

Value ($000) $11,515 (-64.4%) Shares 115,675 (-47.0%) Est. Cost $136.78 Unrealized +16.4%

VRT VERTIV HOLDINGS CO 0.5%

Value ($000) $17,377 (-52.1%) Shares 69,348 (-69.0%) Est. Cost $112.48 Unrealized +77.7%

ASO ACADEMY SPORTS & OUTDOORS IN 0.3%

Value ($000) $9,774 (-61.8%) Shares 173,150 (-66.2%) Est. Cost $49.97 Unrealized +14.8%

CRS CARPENTER TECHNOLOGY CORP 0.8%

Value ($000) $24,940 (-38.4%) Shares 63,275 (-50.8%) Est. Cost $300.56 Unrealized +16.2%

KNX KNIGHT-SWIFT TRANSN HLDGS IN 0.7%

Value ($000) $22,664 (-35.5%) Shares 393,601 (-41.5%) Est. Cost $42.52 Unrealized +36.1%

AJG GALLAGHER ARTHUR J & CO 1.0%

Value ($000) $30,912 (-26.9%) Shares 142,729 (-12.6%) Est. Cost $280.72 Unrealized -14.4%

MKSI MKS INC. 1.2%

Value ($000) $38,947 (+30.7%) Shares 169,475 (-9.1%) Est. Cost $106.31 Unrealized +111.8%

TER TERADYNE INC 1.5%

Value ($000) $46,441 (+20.4%) Shares 156,653 (-21.4%) Est. Cost $115.34 Unrealized +130.5%

CME CME GROUP INC 0.5%

Value ($000) $15,848 (-32.9%) Shares 53,657 (-38.0%) Est. Cost $270.16 Unrealized +7.1%

SBUX STARBUCKS CORP 0.6%

Value ($000) $20,491 (-26.7%) Shares 228,725 (-31.1%) Est. Cost $83.68 Unrealized +11.9%

URI UNITED RENTALS INC 0.5%

Value ($000) $16,428 (-30.5%) Shares 22,548 (-22.8%) Est. Cost $682.18 Unrealized +29.4%

BAH BOOZ ALLEN HAMILTON HLDG COR 0.5%

Value ($000) $14,433 (-32.6%) Shares 184,969 (-27.2%) Est. Cost $108.63 Unrealized -19.9%

IP INTERNATIONAL PAPER CO 0.7%

Value ($000) $22,701 (-21.5%) Shares 635,890 (-13.3%) Est. Cost $44.33 Unrealized -1.2%

SMG SCOTTS MIRACLE-GRO CO 0.2%

Value ($000) $7,863 (-44.1%) Shares 129,300 (-46.3%) Est. Cost $60.11 Unrealized +7.0%

ESI ELEMENT SOLUTIONS INC 0.4%

Value ($000) $12,366 (-31.6%) Shares 362,200 (-50.0%) Est. Cost $22.40 Unrealized +36.1%

META META PLATFORMS INC 0.5%

Value ($000) $16,146 (-25.4%) Shares 28,221 (-14.0%) Est. Cost $616.61 Unrealized +6.3%

TGT TARGET CORP 0.4%

Value ($000) $12,664 (-30.3%) Shares 104,488 (-43.8%) Est. Cost $91.63 Unrealized +19.2%

Q QNITY ELECTRONICS INC 0.7%

Value ($000) $22,740 (+30.2%) Shares 197,091 (-7.8%) Est. Cost $84.91 Unrealized +19.2%

CVX CHEVRON CORPORATION 1.0%

Value ($000) $31,179 (+19.3%) Shares 150,694 (-12.1%) Est. Cost $152.28 Unrealized +12.9%

LEN LENNAR CORP 0.4%

Value ($000) $11,510 (-29.5%) Shares 132,542 (-16.5%) Est. Cost $123.12 Unrealized -7.0%

NOV NOV INC 0.3%

Value ($000) $9,965 (-30.5%) Shares 529,750 (-42.2%) Est. Cost $17.60 Unrealized +5.6%

ESE ESCO TECHNOLOGIES INC 0.3%

Value ($000) $9,461 (-30.7%) Shares 33,625 (-51.9%) Est. Cost $110.38 Unrealized +117.1%

BRKR BRUKER CORP 0.4%

Value ($000) $12,942 (-24.3%) Shares 358,300 (-1.3%) Est. Cost $45.21 Unrealized +0.4%

PGR PROGRESSIVE CORP 0.7%

Value ($000) $22,671 (-15.5%) Shares 114,361 (-2.9%) Est. Cost $231.70 Unrealized -10.8%

UMBF UMB FINL CORP 0.5%

Value ($000) $14,840 (-20.5%) Shares 131,575 (-18.9%) Est. Cost $86.30 Unrealized +44.9%

FNB F N B CORP 0.4%

Value ($000) $12,947 (-22.6%) Shares 774,350 (-20.9%) Est. Cost $11.90 Unrealized +49.6%

MTN VAIL RESORTS INC 0.2%

Value ($000) $6,191 (-37.3%) Shares 48,250 (-35.1%) Est. Cost $174.93 Unrealized -21.2%

EGP EASTGROUP PPTYS INC 1.1%

Value ($000) $33,413 (-9.7%) Shares 180,525 (-13.1%) Est. Cost $168.34 Unrealized —

BDC BELDEN INC 0.4%

Value ($000) $12,990 (-20.9%) Shares 113,125 (-19.7%) Est. Cost $96.25 Unrealized +33.7%

WLK WESTLAKE CORPORATION 0.7%

Value ($000) $20,782 (+19.3%) Shares 177,900 (-24.5%) Est. Cost $70.79 Unrealized +26.1%

COLB COLUMBIA BKG SYS INC 0.4%

Value ($000) $14,176 (-17.8%) Shares 516,800 (-16.3%) Est. Cost $22.47 Unrealized +33.3%

WTFC WINTRUST FINL CORP 0.5%

Value ($000) $14,728 (-17.1%) Shares 106,000 (-16.6%) Est. Cost $85.36 Unrealized +75.8%

EQT EQT CORP 0.7%

Value ($000) $23,661 (+14.5%) Shares 371,800 (-3.6%) Est. Cost $56.13 Unrealized -1.5%

PNW PINNACLE WEST CAP CORP 0.4%

Value ($000) $11,878 (-19.6%) Shares 117,900 (-29.3%) Est. Cost $88.79 Unrealized +5.3%

OGE OGE ENERGY CORP 0.4%

Value ($000) $13,412 (-17.5%) Shares 279,650 (-26.5%) Est. Cost $35.58 Unrealized +24.9%

IDA IDACORP INC 0.4%

Value ($000) $13,689 (-17.2%) Shares 95,750 (-26.7%) Est. Cost $97.87 Unrealized +37.7%

LFUS LITTELFUSE INC 0.4%

Value ($000) $12,751 (-17.9%) Shares 37,575 (-38.8%) Est. Cost $231.42 Unrealized +38.3%

POWI POWER INTEGRATIONS INC 0.4%

Value ($000) $13,417 (-16.8%) Shares 262,050 (-42.2%) Est. Cost $49.96 Unrealized -10.6%

NBTB NBT BANCORP INC 0.4%

Value ($000) $11,422 (-18.7%) Shares 268,250 (-20.7%) Est. Cost $39.40 Unrealized +12.5%

DTM DT MIDSTREAM INC 0.4%

Value ($000) $11,959 (-17.7%) Shares 88,800 (-26.9%) Est. Cost $100.37 Unrealized +25.5%

SBCF SEACOAST BKG CORP FLA 0.4%

Value ($000) $13,794 (-15.2%) Shares 455,400 (-12.0%) Est. Cost $29.08 Unrealized +15.0%

FLS FLOWSERVE CORP 0.7%

Value ($000) $21,151 (-9.9%) Shares 287,724 (-15.0%) Est. Cost $50.39 Unrealized +60.2%

CFR CULLEN FROST BANKERS INC 0.4%

Value ($000) $13,893 (-14.3%) Shares 101,350 (-20.8%) Est. Cost $112.34 Unrealized +24.7%

CFG CITIZENS FINL GROUP INC 0.7%

Value ($000) $21,421 (-9.5%) Shares 357,200 (-11.9%) Est. Cost $49.19 Unrealized +28.3%

ADC AGREE RLTY CORP 0.3%

Value ($000) $10,350 (-16.7%) Shares 137,300 (-20.4%) Est. Cost $66.59 Unrealized —

DOV DOVER CORP 0.7%

Value ($000) $21,575 (-8.8%) Shares 103,500 (-14.5%) Est. Cost $144.05 Unrealized +49.0%

MTDR MATADOR RES CO 0.4%

Value ($000) $12,557 (-13.9%) Shares 198,750 (-42.2%) Est. Cost $55.60 Unrealized -18.4%

RRC RANGE RES CORP 0.4%

Value ($000) $11,812 (-13.9%) Shares 261,450 (-32.8%) Est. Cost $31.16 Unrealized +16.0%

PWR QUANTA SVCS INC 0.7%

Value ($000) $22,098 (+9.0%) Shares 40,250 (-16.2%) Est. Cost $288.64 Unrealized +68.4%

BRX BRIXMOR PPTY GROUP INC 0.3%

Value ($000) $11,065 (-13.1%) Shares 384,200 (-20.8%) Est. Cost $22.91 Unrealized —

WDC WESTERN DIGITAL CORP 1.2%

Value ($000) $38,049 (-4.1%) Shares 140,666 (-39.0%) Est. Cost $53.81 Unrealized +366.9%

SSD SIMPSON MFG INC 0.3%

Value ($000) $8,264 (-15.4%) Shares 48,150 (-20.4%) Est. Cost $170.03 Unrealized +10.4%

HD HOME DEPOT INC 0.7%

Value ($000) $21,910 (-6.3%) Shares 66,618 (-1.9%) Est. Cost $308.77 Unrealized +22.1%

MDLZ MONDELEZ INTL INC 0.7%

Value ($000) $23,617 (-5.7%) Shares 409,726 (-11.9%) Est. Cost $63.32 Unrealized -8.2%

GBCI GLACIER BANCORP INC NEW 0.5%

Value ($000) $15,011 (-8.4%) Shares 336,050 (-9.7%) Est. Cost $38.49 Unrealized +27.9%

AEE AMEREN CORP 0.9%

Value ($000) $27,208 (+5.2%) Shares 247,527 (-4.4%) Est. Cost $94.27 Unrealized +11.0%

EXE EXPAND ENERGY CORPORATION 0.6%

Value ($000) $18,921 (-6.6%) Shares 172,354 (-6.1%) Est. Cost $92.23 Unrealized +14.7%

ALV AUTOLIV INC 0.3%

Value ($000) $8,973 (-12.3%) Shares 85,325 (-1.0%) Est. Cost $96.77 Unrealized +29.1%

AMKR AMKOR TECHNOLOGY INC 0.4%

Value ($000) $13,912 (-8.3%) Shares 308,950 (-19.6%) Est. Cost $23.96 Unrealized +106.7%

ETR ENTERGY CORP NEW 0.7%

Value ($000) $23,230 (+5.4%) Shares 206,750 (-13.3%) Est. Cost $67.57 Unrealized +44.1%

EME EMCOR GROUP INC 0.7%

Value ($000) $23,792 (-4.0%) Shares 32,225 (-20.4%) Est. Cost $446.97 Unrealized +62.6%

GLW CORNING INC 0.7%

Value ($000) $22,642 (-3.3%) Shares 166,525 (-37.7%) Est. Cost $46.30 Unrealized +141.2%

NOK NOKIA CORP 1.4%

Value ($000) $45,695 (-1.6%) Shares 5,683,474 (-20.8%) Est. Cost $6.47 Unrealized —

TKR TIMKEN CO 0.4%

Value ($000) $11,163 (-5.4%) Shares 111,000 (-20.8%) Est. Cost $78.63 Unrealized +25.2%

HLIO HELIOS TECHNOLOGIES INC 0.3%

Value ($000) $9,639 (-6.1%) Shares 148,950 (-22.3%) Est. Cost $44.91 Unrealized +49.7%

MRK MERCK & CO INC 0.8%

Value ($000) $25,574 (-2.3%) Shares 212,600 (-14.5%) Est. Cost $81.01 Unrealized +41.1%

JBL JABIL INC 1.5%

Value ($000) $46,738 (-1.1%) Shares 175,950 (-15.1%) Est. Cost $187.11 Unrealized +32.6%

MOS MOSAIC CO 0.6%

Value ($000) $18,160 (+2.8%) Shares 712,162 (-2.9%) Est. Cost $26.75 Unrealized +4.2%

PRIM PRIMORIS SVCS CORP 0.4%

Value ($000) $13,821 (-3.0%) Shares 96,625 (-15.8%) Est. Cost $130.57 Unrealized +14.8%

PWP PERELLA WEINBERG PARTNERS 0.3%

Value ($000) $10,549 (+1.7%) Shares 580,900 (-3.1%) Est. Cost $13.17 Unrealized +59.2%

CON CONCENTRA GROUP HOLDINGS PAR 0.4%

Value ($000) $11,474 (+1.2%) Shares 534,900 (-7.2%) Est. Cost $20.59 Unrealized +7.5%

WMT WALMART INC 0.1%

Value ($000) $1,708 (+6.1%) Shares 13,746 (-4.9%) Est. Cost $95.57 Unrealized +27.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ALLY	ALLY FINL INC	225,500 (-74.4%)	$8,846 (-77.8%)	0.3%	$38.48	+11.0%	COM	02005N100
SEI	SOLARIS ENERGY INFRAS INC	132,350 (-83.7%)	$7,479 (-80.0%)	0.2%	$31.12	+70.4%	COM CL A	83418M103
SSB	SOUTHSTATE BK CORP	148,400 (-66.5%)	$13,730 (-67.1%)	0.4%	$96.16	+4.9%	COM	84472E102
HXL	HEXCEL CORP NEW	128,925 (-74.6%)	$10,434 (-72.2%)	0.3%	$65.63	+28.6%	COM	428291108
KEY	KEYCORP	1,181,042 (-51.5%)	$23,680 (-52.9%)	0.7%	$12.81	+69.3%	COM	493267108
ROK	ROCKWELL AUTOMATION INC	39,008 (-62.2%)	$13,999 (-65.1%)	0.4%	$277.34	+47.9%	COM	773903109
UNP	UNION PAC CORP	9,262 (-91.5%)	$2,247 (-91.1%)	0.1%	$223.15	+9.0%	COM	907818108
TECH	BIO-TECHNE CORP	344,916 (-49.9%)	$18,025 (-55.5%)	0.6%	$60.72	+5.5%	COM	09073M104
HRI	HERC HLDGS INC	115,675 (-47.0%)	$11,515 (-64.4%)	0.4%	$136.78	+16.4%	COM	42704L104
VRT	VERTIV HOLDINGS CO	69,348 (-69.0%)	$17,377 (-52.1%)	0.5%	$112.48	+77.7%	COM CL A	92537N108
ASO	ACADEMY SPORTS & OUTDOORS IN	173,150 (-66.2%)	$9,774 (-61.8%)	0.3%	$49.97	+14.8%	COM	00402L107
CRS	CARPENTER TECHNOLOGY CORP	63,275 (-50.8%)	$24,940 (-38.4%)	0.8%	$300.56	+16.2%	COM	144285103
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	393,601 (-41.5%)	$22,664 (-35.5%)	0.7%	$42.52	+36.1%	CL A	499049104
AJG	GALLAGHER ARTHUR J & CO	142,729 (-12.6%)	$30,912 (-26.9%)	1.0%	$280.72	-14.4%	COM	363576109
MKSI	MKS INC.	169,475 (-9.1%)	$38,947 (+30.7%)	1.2%	$106.31	+111.8%	COM	55306N104
TER	TERADYNE INC	156,653 (-21.4%)	$46,441 (+20.4%)	1.5%	$115.34	+130.5%	COM	880770102
CME	CME GROUP INC	53,657 (-38.0%)	$15,848 (-32.9%)	0.5%	$270.16	+7.1%	COM	12572Q105
SBUX	STARBUCKS CORP	228,725 (-31.1%)	$20,491 (-26.7%)	0.6%	$83.68	+11.9%	COM	855244109
URI	UNITED RENTALS INC	22,548 (-22.8%)	$16,428 (-30.5%)	0.5%	$682.18	+29.4%	COM	911363109
BAH	BOOZ ALLEN HAMILTON HLDG COR	184,969 (-27.2%)	$14,433 (-32.6%)	0.5%	$108.63	-19.9%	CL A	099502106
IP	INTERNATIONAL PAPER CO	635,890 (-13.3%)	$22,701 (-21.5%)	0.7%	$44.33	-1.2%	COM	460146103
SMG	SCOTTS MIRACLE-GRO CO	129,300 (-46.3%)	$7,863 (-44.1%)	0.2%	$60.11	+7.0%	CL A	810186106
ESI	ELEMENT SOLUTIONS INC	362,200 (-50.0%)	$12,366 (-31.6%)	0.4%	$22.40	+36.1%	COM	28618M106
META	META PLATFORMS INC	28,221 (-14.0%)	$16,146 (-25.4%)	0.5%	$616.61	+6.3%	CL A	30303M102
TGT	TARGET CORP	104,488 (-43.8%)	$12,664 (-30.3%)	0.4%	$91.63	+19.2%	COM	87612E106
Q	QNITY ELECTRONICS INC	197,091 (-7.8%)	$22,740 (+30.2%)	0.7%	$84.91	+19.2%	COMMON STOCK	74743L100
CVX	CHEVRON CORPORATION	150,694 (-12.1%)	$31,179 (+19.3%)	1.0%	$152.28	+12.9%	COM	166764100
LEN	LENNAR CORP	132,542 (-16.5%)	$11,510 (-29.5%)	0.4%	$123.12	-7.0%	CL A	526057104
NOV	NOV INC	529,750 (-42.2%)	$9,965 (-30.5%)	0.3%	$17.60	+5.6%	COM	62955J103
ESE	ESCO TECHNOLOGIES INC	33,625 (-51.9%)	$9,461 (-30.7%)	0.3%	$110.38	+117.1%	COM	296315104
BRKR	BRUKER CORP	358,300 (-1.3%)	$12,942 (-24.3%)	0.4%	$45.21	+0.4%	COM	116794108
PGR	PROGRESSIVE CORP	114,361 (-2.9%)	$22,671 (-15.5%)	0.7%	$231.70	-10.8%	COM	743315103
UMBF	UMB FINL CORP	131,575 (-18.9%)	$14,840 (-20.5%)	0.5%	$86.30	+44.9%	COM	902788108
FNB	F N B CORP	774,350 (-20.9%)	$12,947 (-22.6%)	0.4%	$11.90	+49.6%	COM	302520101
MTN	VAIL RESORTS INC	48,250 (-35.1%)	$6,191 (-37.3%)	0.2%	$174.93	-21.2%	COM	91879Q109
EGP	EASTGROUP PPTYS INC	180,525 (-13.1%)	$33,413 (-9.7%)	1.1%	$168.34	—	COM	277276101
BDC	BELDEN INC	113,125 (-19.7%)	$12,990 (-20.9%)	0.4%	$96.25	+33.7%	COM	077454106
WLK	WESTLAKE CORPORATION	177,900 (-24.5%)	$20,782 (+19.3%)	0.7%	$70.79	+26.1%	COM	960413102
COLB	COLUMBIA BKG SYS INC	516,800 (-16.3%)	$14,176 (-17.8%)	0.4%	$22.47	+33.3%	COM	197236102
WTFC	WINTRUST FINL CORP	106,000 (-16.6%)	$14,728 (-17.1%)	0.5%	$85.36	+75.8%	COM	97650W108
EQT	EQT CORP	371,800 (-3.6%)	$23,661 (+14.5%)	0.7%	$56.13	-1.5%	COM	26884L109
PNW	PINNACLE WEST CAP CORP	117,900 (-29.3%)	$11,878 (-19.6%)	0.4%	$88.79	+5.3%	COM	723484101
OGE	OGE ENERGY CORP	279,650 (-26.5%)	$13,412 (-17.5%)	0.4%	$35.58	+24.9%	COM	670837103
IDA	IDACORP INC	95,750 (-26.7%)	$13,689 (-17.2%)	0.4%	$97.87	+37.7%	COM	451107106
LFUS	LITTELFUSE INC	37,575 (-38.8%)	$12,751 (-17.9%)	0.4%	$231.42	+38.3%	COM	537008104
POWI	POWER INTEGRATIONS INC	262,050 (-42.2%)	$13,417 (-16.8%)	0.4%	$49.96	-10.6%	COM	739276103
NBTB	NBT BANCORP INC	268,250 (-20.7%)	$11,422 (-18.7%)	0.4%	$39.40	+12.5%	COM	628778102
DTM	DT MIDSTREAM INC	88,800 (-26.9%)	$11,959 (-17.7%)	0.4%	$100.37	+25.5%	COMMON STOCK	23345M107
SBCF	SEACOAST BKG CORP FLA	455,400 (-12.0%)	$13,794 (-15.2%)	0.4%	$29.08	+15.0%	COM NEW	811707801
FLS	FLOWSERVE CORP	287,724 (-15.0%)	$21,151 (-9.9%)	0.7%	$50.39	+60.2%	COM	34354P105
CFR	CULLEN FROST BANKERS INC	101,350 (-20.8%)	$13,893 (-14.3%)	0.4%	$112.34	+24.7%	COM	229899109
CFG	CITIZENS FINL GROUP INC	357,200 (-11.9%)	$21,421 (-9.5%)	0.7%	$49.19	+28.3%	COM	174610105
ADC	AGREE RLTY CORP	137,300 (-20.4%)	$10,350 (-16.7%)	0.3%	$66.59	—	COM	008492100
DOV	DOVER CORP	103,500 (-14.5%)	$21,575 (-8.8%)	0.7%	$144.05	+49.0%	COM	260003108
MTDR	MATADOR RES CO	198,750 (-42.2%)	$12,557 (-13.9%)	0.4%	$55.60	-18.4%	COM	576485205
RRC	RANGE RES CORP	261,450 (-32.8%)	$11,812 (-13.9%)	0.4%	$31.16	+16.0%	COM	75281A109
PWR	QUANTA SVCS INC	40,250 (-16.2%)	$22,098 (+9.0%)	0.7%	$288.64	+68.4%	COM	74762E102
BRX	BRIXMOR PPTY GROUP INC	384,200 (-20.8%)	$11,065 (-13.1%)	0.3%	$22.91	—	COM	11120U105
WDC	WESTERN DIGITAL CORP	140,666 (-39.0%)	$38,049 (-4.1%)	1.2%	$53.81	+366.9%	COM	958102105
SSD	SIMPSON MFG INC	48,150 (-20.4%)	$8,264 (-15.4%)	0.3%	$170.03	+10.4%	COM	829073105
HD	HOME DEPOT INC	66,618 (-1.9%)	$21,910 (-6.3%)	0.7%	$308.77	+22.1%	COM	437076102
MDLZ	MONDELEZ INTL INC	409,726 (-11.9%)	$23,617 (-5.7%)	0.7%	$63.32	-8.2%	CL A	609207105
GBCI	GLACIER BANCORP INC NEW	336,050 (-9.7%)	$15,011 (-8.4%)	0.5%	$38.49	+27.9%	COM	37637Q105
AEE	AMEREN CORP	247,527 (-4.4%)	$27,208 (+5.2%)	0.9%	$94.27	+11.0%	COM	023608102
EXE	EXPAND ENERGY CORPORATION	172,354 (-6.1%)	$18,921 (-6.6%)	0.6%	$92.23	+14.7%	COM	165167735
ALV	AUTOLIV INC	85,325 (-1.0%)	$8,973 (-12.3%)	0.3%	$96.77	+29.1%	COM	052800109
AMKR	AMKOR TECHNOLOGY INC	308,950 (-19.6%)	$13,912 (-8.3%)	0.4%	$23.96	+106.7%	COM	031652100
ETR	ENTERGY CORP NEW	206,750 (-13.3%)	$23,230 (+5.4%)	0.7%	$67.57	+44.1%	COM	29364G103
EME	EMCOR GROUP INC	32,225 (-20.4%)	$23,792 (-4.0%)	0.7%	$446.97	+62.6%	COM	29084Q100
GLW	CORNING INC	166,525 (-37.7%)	$22,642 (-3.3%)	0.7%	$46.30	+141.2%	COM	219350105
NOK	NOKIA CORP	5,683,474 (-20.8%)	$45,695 (-1.6%)	1.4%	$6.47	—	SPONSORED ADR	654902204
TKR	TIMKEN CO	111,000 (-20.8%)	$11,163 (-5.4%)	0.4%	$78.63	+25.2%	COM	887389104
HLIO	HELIOS TECHNOLOGIES INC	148,950 (-22.3%)	$9,639 (-6.1%)	0.3%	$44.91	+49.7%	COM	42328H109
MRK	MERCK & CO INC	212,600 (-14.5%)	$25,574 (-2.3%)	0.8%	$81.01	+41.1%	COM	58933Y105
JBL	JABIL INC	175,950 (-15.1%)	$46,738 (-1.1%)	1.5%	$187.11	+32.6%	COM	466313103
MOS	MOSAIC CO	712,162 (-2.9%)	$18,160 (+2.8%)	0.6%	$26.75	+4.2%	COM	61945C103
PRIM	PRIMORIS SVCS CORP	96,625 (-15.8%)	$13,821 (-3.0%)	0.4%	$130.57	+14.8%	COM	74164F103
PWP	PERELLA WEINBERG PARTNERS	580,900 (-3.1%)	$10,549 (+1.7%)	0.3%	$13.17	+59.2%	CLASS A COM	71367G102
CON	CONCENTRA GROUP HOLDINGS PAR	534,900 (-7.2%)	$11,474 (+1.2%)	0.4%	$20.59	+7.5%	COMMON STOCK	20603L102
WMT	WALMART INC	13,746 (-4.9%)	$1,708 (+6.1%)	0.1%	$95.57	+27.7%	COM	931142103

Unchanged Positions (7)

TMO THERMO FISHER SCIENTIFIC INC 0.8%

Value ($000) $25,509 Shares 51,897 Est. Cost $565.16 Unrealized +1.7%

ROST ROSS STORES INC 0.5%

Value ($000) $16,632 Shares 76,775 Est. Cost $144.14 Unrealized +33.5%

CNP CENTERPOINT ENERGY INC 0.7%

Value ($000) $23,114 Shares 535,550 Est. Cost $36.53 Unrealized +9.5%

NI NISOURCE INC 0.7%

Value ($000) $21,559 Shares 462,050 Est. Cost $42.62 Unrealized +3.2%

TEL TE CONNECTIVITY PLC 0.6%

Value ($000) $20,379 Shares 97,500 Est. Cost $146.70 Unrealized +56.7%

VTR VENTAS INC 0.7%

Value ($000) $21,300 Shares 260,450 Est. Cost $63.96 Unrealized +20.9%

FERG FERGUSON ENTERPRISES INC 0.6%

Value ($000) $20,218 Shares 86,675 Est. Cost $237.95 Unrealized +5.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TMO	THERMO FISHER SCIENTIFIC INC	51,897	$25,509	0.8%	$565.16	+1.7%	COM	883556102
ROST	ROSS STORES INC	76,775	$16,632	0.5%	$144.14	+33.5%	COM	778296103
CNP	CENTERPOINT ENERGY INC	535,550	$23,114	0.7%	$36.53	+9.5%	COM	15189T107
NI	NISOURCE INC	462,050	$21,559	0.7%	$42.62	+3.2%	COM	65473P105
TEL	TE CONNECTIVITY PLC	97,500	$20,379	0.6%	$146.70	+56.7%	ORD SHS	G87052109
VTR	VENTAS INC	260,450	$21,300	0.7%	$63.96	+20.9%	COM	92276F100
FERG	FERGUSON ENTERPRISES INC	86,675	$20,218	0.6%	$237.95	+5.5%	COMMON STOCK NEW	31488V107