Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GRBK	GREEN BRICK PARTNERS INC	47,335	$3.789M	0.5%	$80.04	—	COM	392709101
WLY	WILEY JOHN & SONS INC	75,604	$3.668M	0.5%	$48.51	—	CL A	968223206
MCY	MERCURY GENL CORP NEW	33,574	$3.58M	0.5%	$106.62	—	COM	589400100
UBSI	UNITED BANKSHARES INC WEST V	76,327	$3.498M	0.5%	$45.83	—	COM	909907107
NSIT	INSIGHT ENTERPRISES INC	27,759	$3.381M	0.5%	$121.80	—	COM	45765U103
MUR	MURPHY OIL CORP	101,370	$3.301M	0.5%	$32.56	—	COM	626717102
HAE	HAEMONETICS CORP MASS	43,030	$3.227M	0.4%	$75.00	—	COM	405024100
NRIX	NURIX THERAPEUTICS INC	99,589	$2.416M	0.3%	$24.26	—	COM	67080M103
CYTK	CYTOKINETICS INC	24,634	$2.099M	0.3%	$85.19	—	COM NEW	23282W605
PTGX	PROTAGONIST THERAPEUTICS INC	16,378	$2.008M	0.3%	$122.58	—	COM	74366E102
DNLI	DENALI THERAPEUTICS INC	71,197	$1.831M	0.3%	$25.72	—	COM	24823R105
IDYA	IDEAYA BIOSCIENCES INC	48,822	$1.82M	0.3%	$37.27	—	COM	45166A102
MIRM	MIRUM PHARMACEUTICALS INC	14,637	$1.714M	0.2%	$117.07	—	COM	604749101
PANW	PALO ALTO NETWORKS INC	1,170	$399K	0.1%	$341.02	—	COM	697435105
SCHM	SCHWAB STRATEGIC TR	5,637	$208K	0.0%	$36.87	—	US MID-CAP ETF	808524508

Increased Positions (11)

RAL RALLIANT CORP 1.7%

Value $12.07M (+136.9%) Shares 163,960 (+33.8%) Est. Cost $52.64 Unrealized —

ALRS ALERUS FINL CORP 1.5%

Value $11.01M (+78.1%) Shares 354,155 (+35.7%) Est. Cost $24.16 Unrealized —

BHE BENCHMARK ELECTRS INC 1.0%

Value $7.341M (+133.4%) Shares 74,395 (+32.6%) Est. Cost $64.03 Unrealized —

FLG FLAGSTAR BANK NATIONAL ASSOC 1.0%

Value $7.012M (+125.5%) Shares 469,335 (+98.8%) Est. Cost $14.14 Unrealized —

MDU MDU RES GROUP INC 0.9%

Value $6.835M (+101.2%) Shares 322,253 (+96.6%) Est. Cost $20.38 Unrealized —

AUB ATLANTIC UN BANKSHARES CORP 1.2%

Value $8.935M (+51.1%) Shares 211,179 (+27.6%) Est. Cost $36.74 Unrealized —

VC VISTEON CORP 0.8%

Value $5.997M (+101.3%) Shares 60,446 (+84.9%) Est. Cost $98.42 Unrealized —

HRI HERC HLDGS INC 0.9%

Value $6.82M (+76.2%) Shares 47,577 (+22.4%) Est. Cost $126.02 Unrealized —

ZVRA ZEVRA THERAPEUTICS INC 0.6%

Value $4.243M (+185.6%) Shares 295,907 (+85.6%) Est. Cost $11.33 Unrealized —

PTCT PTC THERAPEUTICS INC 0.5%

Value $3.766M (+178.1%) Shares 46,170 (+132.3%) Est. Cost $68.88 Unrealized —

BCRX BIOCRYST PHARMACEUTICALS INC 0.5%

Value $3.405M (+82.9%) Shares 340,541 (+74.2%) Est. Cost $8.41 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RAL	RALLIANT CORP	163,960 (+33.8%)	$12.07M (+136.9%)	1.7%	$52.64	—	COM	750940108
ALRS	ALERUS FINL CORP	354,155 (+35.7%)	$11.01M (+78.1%)	1.5%	$24.16	—	COM	01446U103
BHE	BENCHMARK ELECTRS INC	74,395 (+32.6%)	$7.341M (+133.4%)	1.0%	$64.03	—	COM	08160H101
FLG	FLAGSTAR BANK NATIONAL ASSOC	469,335 (+98.8%)	$7.012M (+125.5%)	1.0%	$14.14	—	COM NEW	649445400
MDU	MDU RES GROUP INC	322,253 (+96.6%)	$6.835M (+101.2%)	0.9%	$20.38	—	COM	552690109
AUB	ATLANTIC UN BANKSHARES CORP	211,179 (+27.6%)	$8.935M (+51.1%)	1.2%	$36.74	—	COM	04911A107
VC	VISTEON CORP	60,446 (+84.9%)	$5.997M (+101.3%)	0.8%	$98.42	—	COM NEW	92839U206
HRI	HERC HLDGS INC	47,577 (+22.4%)	$6.82M (+76.2%)	0.9%	$126.02	—	COM	42704L104
ZVRA	ZEVRA THERAPEUTICS INC	295,907 (+85.6%)	$4.243M (+185.6%)	0.6%	$11.33	—	COM NEW	488445206
PTCT	PTC THERAPEUTICS INC	46,170 (+132.3%)	$3.766M (+178.1%)	0.5%	$68.88	—	COM	69366J200
BCRX	BIOCRYST PHARMACEUTICALS INC	340,541 (+74.2%)	$3.405M (+82.9%)	0.5%	$8.41	—	COM	09058V103

Exited Positions (17)

TPH TRI POINTE HOMES INC 1.1%

Value $7.71M Shares 164,999 Est. Cost $20.70 Unrealized —

PRIM PRIMORIS SVCS CORP 1.0%

Value $6.967M Shares 48,704 Est. Cost $25.31 Unrealized —

PTEN PATTERSON-UTI ENERGY INC 0.9%

Value $6.462M Shares 596,671 Est. Cost $7.64 Unrealized —

VIAV VIAVI SOLUTIONS INC 0.8%

Value $5.493M Shares 165,059 Est. Cost $16.15 Unrealized —

PLAB PHOTRONICS INC 0.5%

Value $3.646M Shares 90,213 Est. Cost $35.90 Unrealized —

APAM ARTISAN PARTNERS ASSET MGMT 0.5%

Value $3.32M Shares 91,229 Est. Cost $27.35 Unrealized —

CRGY CRESCENT ENERGY COMPANY 0.4%

Value $3.122M Shares 231,253 Est. Cost $10.67 Unrealized —

CPK CHESAPEAKE UTILS CORP 0.4%

Value $2.619M Shares 20,721 Est. Cost $131.35 Unrealized —

PCRX PACIRA BIOSCIENCES INC 0.4%

Value $2.586M Shares 114,413 Est. Cost $24.27 Unrealized —

BOOT BOOT BARN HLDGS INC 0.3%

Value $2.39M Shares 16,331 Est. Cost $74.44 Unrealized —

QDEL QUIDELORTHO CORP 0.3%

Value $2.183M Shares 132,882 Est. Cost $36.15 Unrealized —

CRC CALIFORNIA RES CORP 0.2%

Value $1.697M Shares 24,517 Est. Cost $49.44 Unrealized —

GSHD GOOSEHEAD INS INC 0.2%

Value $1.658M Shares 38,860 Est. Cost $71.25 Unrealized —

IWN ISHARES TR 0.2%

Value $1.451M Shares 7,652 Est. Cost $189.59 Unrealized —

ADMA ADMA BIOLOGICS INC 0.1%

Value $882K Shares 97,942 Est. Cost $16.96 Unrealized —

FRT FEDERAL RLTY INVT TR NEW 0.0%

Value $246K Shares 2,313 Est. Cost $99.29 Unrealized —

CVX CHEVRON CORPORATION 0.0%

Value $228K Shares 1,100 Est. Cost $171.87 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TPH	TRI POINTE HOMES INC	164,999	$7.71M	1.1%	$20.70	—	—	87265H109
PRIM	PRIMORIS SVCS CORP	48,704	$6.967M	1.0%	$25.31	—	—	74164F103
PTEN	PATTERSON-UTI ENERGY INC	596,671	$6.462M	0.9%	$7.64	—	—	703481101
VIAV	VIAVI SOLUTIONS INC	165,059	$5.493M	0.8%	$16.15	—	—	925550105
PLAB	PHOTRONICS INC	90,213	$3.646M	0.5%	$35.90	—	—	719405102
APAM	ARTISAN PARTNERS ASSET MGMT	91,229	$3.32M	0.5%	$27.35	—	—	04316A108
CRGY	CRESCENT ENERGY COMPANY	231,253	$3.122M	0.4%	$10.67	—	—	44952J104
CPK	CHESAPEAKE UTILS CORP	20,721	$2.619M	0.4%	$131.35	—	—	165303108
PCRX	PACIRA BIOSCIENCES INC	114,413	$2.586M	0.4%	$24.27	—	—	695127100
BOOT	BOOT BARN HLDGS INC	16,331	$2.39M	0.3%	$74.44	—	—	099406100
QDEL	QUIDELORTHO CORP	132,882	$2.183M	0.3%	$36.15	—	—	219798105
CRC	CALIFORNIA RES CORP	24,517	$1.697M	0.2%	$49.44	—	—	13057Q305
GSHD	GOOSEHEAD INS INC	38,860	$1.658M	0.2%	$71.25	—	—	38267D109
IWN	ISHARES TR	7,652	$1.451M	0.2%	$189.59	—	—	464287630
ADMA	ADMA BIOLOGICS INC	97,942	$882K	0.1%	$16.96	—	—	000899104
FRT	FEDERAL RLTY INVT TR NEW	2,313	$246K	0.0%	$99.29	—	—	313745101
CVX	CHEVRON CORPORATION	1,100	$228K	0.0%	$171.87	—	—	166764100

Decreased Positions (102)

MTRN MATERION CORP 1.9%

Value $13.74M (+95.4%) Shares 46,207 (-4.9%) Est. Cost $73.35 Unrealized —

DCO DUCOMMUN INC DEL 2.2%

Value $15.81M (+44.4%) Shares 85,367 (-4.9%) Est. Cost $60.17 Unrealized —

VSH VISHAY INTERTECHNOLOGY INC 1.0%

Value $6.884M (+120.4%) Shares 127,996 (-26.2%) Est. Cost $18.57 Unrealized —

PENG PENGUIN SOLUTIONS INC 1.1%

Value $7.678M (+89.0%) Shares 101,015 (-56.2%) Est. Cost $24.46 Unrealized —

CRS CARPENTER TECHNOLOGY CORP 1.5%

Value $10.58M (+48.7%) Shares 17,154 (-5.0%) Est. Cost $79.62 Unrealized —

NESR NATIONAL ENERGY SERVICES REU 1.6%

Value $11.78M (+32.6%) Shares 393,666 (-4.9%) Est. Cost $13.12 Unrealized —

AIR AAR CORP 1.9%

Value $13.79M (+24.1%) Shares 96,446 (-5.0%) Est. Cost $40.80 Unrealized —

NPO ENPRO INC 1.2%

Value $8.752M (+42.9%) Shares 23,219 (-5.0%) Est. Cost $92.66 Unrealized —

TKR TIMKEN CO 1.3%

Value $9.575M (+37.3%) Shares 65,888 (-5.0%) Est. Cost $79.01 Unrealized —

RHP RYMAN HOSPITALITY PPTYS INC 1.1%

Value $8.267M (+32.3%) Shares 64,311 (-5.1%) Est. Cost $79.26 Unrealized —

KN KNOWLES CORP 0.8%

Value $5.431M (+53.5%) Shares 130,941 (-4.9%) Est. Cost $24.44 Unrealized —

CHRD CHORD ENERGY CORPORATION 0.8%

Value $5.748M (-24.5%) Shares 50,290 (-6.1%) Est. Cost $108.76 Unrealized —

BELFB BEL FUSE INC 0.7%

Value $4.836M (+59.9%) Shares 14,521 (-4.9%) Est. Cost $156.18 Unrealized —

SLG SL GREEN RLTY CORP 1.0%

Value $7.198M (+33.2%) Shares 139,040 (-5.0%) Est. Cost $31.94 Unrealized —

AMRX AMNEAL PHARMACEUTICALS INC 2.0%

Value $14.19M (+13.8%) Shares 819,476 (-18.3%) Est. Cost $5.96 Unrealized —

MKSI MKS INC. 1.0%

Value $7.557M (+28.9%) Shares 16,990 (-33.4%) Est. Cost $96.49 Unrealized —

MTDR MATADOR RES CO 0.7%

Value $4.982M (-25.3%) Shares 100,080 (-5.2%) Est. Cost $45.39 Unrealized —

R RYDER SYS INC 1.2%

Value $8.802M (+22.4%) Shares 33,371 (-5.0%) Est. Cost $101.68 Unrealized —

BDC BELDEN INC 0.5%

Value $3.512M (-30.3%) Shares 29,285 (-33.3%) Est. Cost $105.49 Unrealized —

MGY MAGNOLIA OIL & GAS CORP 0.7%

Value $4.802M (-23.7%) Shares 187,730 (-5.9%) Est. Cost $18.00 Unrealized —

OPCH OPTION CARE HEALTH INC 0.6%

Value $4.153M (-26.2%) Shares 198,032 (-5.2%) Est. Cost $31.24 Unrealized —

NFG NATIONAL FUEL GAS CO 0.7%

Value $5.051M (-21.9%) Shares 65,417 (-5.0%) Est. Cost $82.39 Unrealized —

SNEX STONEX GROUP INC 1.7%

Value $12.29M (+12.1%) Shares 103,699 (-23.7%) Est. Cost $61.87 Unrealized —

ESI ELEMENT SOLUTIONS INC 0.7%

Value $4.824M (+33.0%) Shares 101,032 (-4.9%) Est. Cost $30.49 Unrealized —

LYTS LSI INDS INC OHIO 0.6%

Value $4.352M (+35.9%) Shares 163,716 (-4.9%) Est. Cost $15.40 Unrealized —

HL HECLA MINING COMPANY 0.6%

Value $4.188M (-21.3%) Shares 271,410 (-5.0%) Est. Cost $8.03 Unrealized —

COLB COLUMBIA BKG SYS INC 1.6%

Value $11.33M (+10.9%) Shares 353,629 (-5.1%) Est. Cost $23.53 Unrealized —

ABCB AMERIS BANCORP 1.6%

Value $11.73M (+10.0%) Shares 129,952 (-5.0%) Est. Cost $39.24 Unrealized —

WTFC WINTRUST FINL CORP 1.7%

Value $12.04M (+9.6%) Shares 74,921 (-5.2%) Est. Cost $84.37 Unrealized —

SAH SONIC AUTOMOTIVE INC 1.0%

Value $7.067M (+17.5%) Shares 83,342 (-5.0%) Est. Cost $60.06 Unrealized —

PFBC PREFERRED BK LOS ANGELES CA 1.4%

Value $10.26M (+11.3%) Shares 96,557 (-5.0%) Est. Cost $52.06 Unrealized —

TDS TELEPHONE & DATA SYS INC 0.7%

Value $5.243M (-16.6%) Shares 141,651 (-5.1%) Est. Cost $44.36 Unrealized —

LFUS LITTELFUSE INC 0.6%

Value $4.656M (+27.5%) Shares 10,225 (-4.9%) Est. Cost $319.97 Unrealized —

CON CONCENTRA GROUP HOLDINGS PAR 0.6%

Value $4.175M (+30.8%) Shares 140,334 (-5.7%) Est. Cost $20.99 Unrealized —

WTM WHITE MTNS INS GROUP LTD 1.2%

Value $8.455M (-10.3%) Shares 4,078 (-5.0%) Est. Cost $1887.23 Unrealized —

TEX TEREX CORP NEW 1.0%

Value $6.854M (+16.4%) Shares 94,675 (-5.0%) Est. Cost $62.32 Unrealized —

VCYT VERACYTE INC 0.3%

Value $2.19M (+73.2%) Shares 37,297 (-5.0%) Est. Cost $28.14 Unrealized —

CALY CALLAWAY GOLF CO 0.6%

Value $4.112M (+28.5%) Shares 218,836 (-5.1%) Est. Cost $14.28 Unrealized —

EFSC ENTERPRISE FINL SVCS CORP 0.9%

Value $6.535M (+15.7%) Shares 99,188 (-5.0%) Est. Cost $39.86 Unrealized —

CASH PATHWARD FINANCIAL INC 1.5%

Value $10.77M (-7.3%) Shares 123,662 (-5.0%) Est. Cost $25.16 Unrealized —

GIII G III APPAREL GROUP LTD 0.8%

Value $6.117M (+15.6%) Shares 181,453 (-5.0%) Est. Cost $28.15 Unrealized —

MAC MACERICH CO 0.5%

Value $3.782M (+26.7%) Shares 150,152 (-4.9%) Est. Cost $17.19 Unrealized —

UMBF UMB FINL CORP 0.6%

Value $4.607M (+20.3%) Shares 32,273 (-4.9%) Est. Cost $110.35 Unrealized —

GFF GRIFFON CORP 0.5%

Value $3.464M (+27.5%) Shares 35,518 (-5.0%) Est. Cost $76.76 Unrealized —

ONB OLD NATL BANCORP IND 1.0%

Value $7.121M (+11.4%) Shares 274,955 (-5.0%) Est. Cost $13.50 Unrealized —

KTB KONTOOR BRANDS INC 0.9%

Value $6.449M (+12.5%) Shares 77,376 (-5.1%) Est. Cost $71.60 Unrealized —

MD PEDIATRIX MEDICAL GROUP INC 0.9%

Value $6.301M (+12.5%) Shares 248,762 (-5.0%) Est. Cost $16.68 Unrealized —

FNB F N B CORP 1.2%

Value $8.877M (+8.4%) Shares 465,226 (-5.0%) Est. Cost $10.71 Unrealized —

FFIN FIRST FINL BANKSHARES INC 0.9%

Value $6.429M (+11.6%) Shares 185,800 (-5.0%) Est. Cost $31.86 Unrealized —

MHO M/I HOMES INC 0.4%

Value $3.033M (+24.5%) Shares 18,865 (-5.2%) Est. Cost $135.28 Unrealized —

FRME FIRST MERCHANTS CORP 1.2%

Value $8.808M (+7.2%) Shares 201,603 (-5.0%) Est. Cost $32.55 Unrealized —

SR SPIRE INC 0.4%

Value $2.655M (-18.0%) Shares 34,000 (-4.9%) Est. Cost $82.70 Unrealized —

SHC SOTERA HEALTH CO 0.5%

Value $3.651M (+17.5%) Shares 205,662 (-5.1%) Est. Cost $11.45 Unrealized —

CUZ COUSINS PPTYS INC 0.4%

Value $2.583M (+26.1%) Shares 86,145 (-5.0%) Est. Cost $29.49 Unrealized —

CBK COMMERCIAL BANCGROUP INC 0.5%

Value $3.515M (+17.9%) Shares 108,869 (-5.0%) Est. Cost $24.55 Unrealized —

NGS NATURAL GAS SVCS GROUP INC 0.9%

Value $6.662M (+8.7%) Shares 154,426 (-4.9%) Est. Cost $33.90 Unrealized —

KRG KITE REALTY GROUP TRUST 0.8%

Value $5.803M (+9.9%) Shares 204,464 (-5.0%) Est. Cost $12.55 Unrealized —

TXNM TXNM ENERGY INC 0.8%

Value $5.528M (-8.4%) Shares 97,364 (-5.7%) Est. Cost $56.75 Unrealized —

LZB LA Z BOY INC 0.4%

Value $3.216M (+18.5%) Shares 80,161 (-5.1%) Est. Cost $32.82 Unrealized —

SANM SANMINA CORP 1.0%

Value $7.024M (-6.5%) Shares 27,754 (-52.1%) Est. Cost $77.90 Unrealized —

SUPN SUPERNUS PHARMACEUTICALS 0.4%

Value $2.802M (-14.5%) Shares 60,253 (-5.0%) Est. Cost $48.62 Unrealized —

CHCT COMMUNITY HEALTHCARE TR INC 0.8%

Value $5.428M (+9.3%) Shares 296,939 (-5.0%) Est. Cost $9.80 Unrealized —

CSR CENTERSPACE 0.7%

Value $5.197M (-7.2%) Shares 92,494 (-5.1%) Est. Cost $69.41 Unrealized —

NXST NEXSTAR MEDIA GROUP INC 0.7%

Value $4.761M (-7.2%) Shares 26,658 (-6.0%) Est. Cost $119.38 Unrealized —

URBN URBAN OUTFITTERS INC 0.9%

Value $6.132M (+6.1%) Shares 86,532 (-5.1%) Est. Cost $51.37 Unrealized —

AAP ADVANCE AUTO PARTS INC 0.4%

Value $3.217M (+12.0%) Shares 51,698 (-5.0%) Est. Cost $55.73 Unrealized —

AM ANTERO MIDSTREAM CORP 0.9%

Value $6.19M (-5.1%) Shares 272,106 (-4.9%) Est. Cost $10.51 Unrealized —

FUL FULLER H B CO 0.4%

Value $2.806M (-10.2%) Shares 48,140 (-5.0%) Est. Cost $63.80 Unrealized —

ADT ADT INC DEL 0.7%

Value $4.803M (-6.1%) Shares 738,914 (-5.1%) Est. Cost $8.05 Unrealized —

ANGO ANGIODYNAMICS INC 0.5%

Value $3.806M (+8.6%) Shares 292,510 (-5.1%) Est. Cost $10.13 Unrealized —

JJSF J & J SNACK FOODS CORP 0.3%

Value $2.197M (-11.9%) Shares 29,908 (-4.9%) Est. Cost $90.05 Unrealized —

FIBK FIRST INTST BANCSYSTEM INC 0.5%

Value $3.364M (+9.6%) Shares 87,228 (-5.1%) Est. Cost $36.75 Unrealized —

TCBI TEXAS CAP BANCSHARES INC 1.2%

Value $8.6M (+3.4%) Shares 83,289 (-5.0%) Est. Cost $64.92 Unrealized —

SCHX SCHWAB STRATEGIC TR 0.4%

Value $2.737M (+11.2%) Shares 93,009 (-3.1%) Est. Cost $34.69 Unrealized —

SKYW SKYWEST INC 1.4%

Value $10.3M (+2.8%) Shares 103,670 (-5.0%) Est. Cost $35.28 Unrealized —

IRT INDEPENDENCE RLTY TR INC 0.6%

Value $4.487M (+6.5%) Shares 268,847 (-5.0%) Est. Cost $12.75 Unrealized —

AAPL APPLE INC 0.3%

Value $2.519M (+12.1%) Shares 8,706 (-1.7%) Est. Cost $107.55 Unrealized —

BNL BROADSTONE NET LEASE INC 0.5%

Value $3.393M (+7.5%) Shares 164,163 (-4.9%) Est. Cost $18.27 Unrealized —

BANR BANNER CORP 0.8%

Value $5.6M (+4.0%) Shares 84,286 (-5.0%) Est. Cost $53.36 Unrealized —

BGC BGC GROUP INC 0.8%

Value $5.583M (+3.9%) Shares 522,276 (-4.9%) Est. Cost $9.28 Unrealized —

AVNT AVIENT CORPORATION 0.7%

Value $5.395M (-3.3%) Shares 145,980 (-5.0%) Est. Cost $34.30 Unrealized —

CLF CLEVELAND-CLIFFS INC NEW 0.5%

Value $3.307M (+5.7%) Shares 352,206 (-4.9%) Est. Cost $11.19 Unrealized —

OTTR OTTER TAIL CORP 0.9%

Value $6.54M (-2.6%) Shares 72,681 (-5.0%) Est. Cost $40.23 Unrealized —

CVSA COVISTA INC 0.9%

Value $6.345M (+2.7%) Shares 50,902 (-5.1%) Est. Cost $54.72 Unrealized —

BKH BLACK HILLS CORP 1.2%

Value $8.473M (+1.9%) Shares 113,884 (-5.0%) Est. Cost $50.97 Unrealized —

NVDA NVIDIA CORPORATION 0.3%

Value $2.487M (+6.6%) Shares 12,430 (-7.1%) Est. Cost $92.90 Unrealized —

UNFI UNITED NAT FOODS INC 0.5%

Value $3.304M (-4.2%) Shares 72,346 (-5.5%) Est. Cost $36.97 Unrealized —

ACAD ACADIA PHARMACEUTICALS INC 0.3%

Value $1.954M (+7.9%) Shares 77,245 (-5.0%) Est. Cost $22.29 Unrealized —

CALM CAL MAINE FOODS INC 0.5%

Value $3.849M (-3.4%) Shares 47,775 (-5.1%) Est. Cost $103.42 Unrealized —

LADR LADDER CAP CORP 0.5%

Value $3.514M (-3.3%) Shares 353,122 (-5.0%) Est. Cost $4.62 Unrealized —

ELAN ELANCO ANIMAL HEALTH INC 0.5%

Value $3.332M (-2.3%) Shares 135,392 (-5.0%) Est. Cost $13.07 Unrealized —

ARQT ARCUTIS BIOTHERAPEUTICS INC 0.2%

Value $1.252M (+5.6%) Shares 47,746 (-5.1%) Est. Cost $14.12 Unrealized —

JNJ JOHNSON & JOHNSON 0.2%

Value $1.384M (+2.7%) Shares 5,449 (-1.2%) Est. Cost $143.59 Unrealized —

IDA IDACORP INC 0.9%

Value $6.355M (+0.6%) Shares 42,000 (-5.0%) Est. Cost $130.09 Unrealized —

AMT AMERICAN TOWER CORP 0.0%

Value $223K (-13.5%) Shares 1,363 (-8.7%) Est. Cost $198.35 Unrealized —

PLD PROLOGIS INC. 0.0%

Value $345K (-6.0%) Shares 2,544 (-8.3%) Est. Cost $110.17 Unrealized —

TRNO TERRENO RLTY CORP 1.2%

Value $8.665M (+0.2%) Shares 133,780 (-5.0%) Est. Cost $57.10 Unrealized —

AVGO BROADCOM INC 0.0%

Value $295K (+6.0%) Shares 782 (-13.1%) Est. Cost $215.92 Unrealized —

EQIX EQUINIX INC 0.1%

Value $396K (-2.9%) Shares 380 (-8.7%) Est. Cost $897.54 Unrealized —

JPM JPMORGAN CHASE & CO 0.0%

Value $261K (+4.3%) Shares 798 (-6.2%) Est. Cost $250.91 Unrealized —

WELL WELLTOWER INC 0.0%

Value $214K (+4.2%) Shares 943 (-9.2%) Est. Cost $186.94 Unrealized —

SPG SIMON PPTY GROUP INC NEW 0.1%

Value $423K (-1.1%) Shares 1,891 (-17.5%) Est. Cost $165.60 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MTRN	MATERION CORP	46,207 (-4.9%)	$13.74M (+95.4%)	1.9%	$73.35	—	COM	576690101
DCO	DUCOMMUN INC DEL	85,367 (-4.9%)	$15.81M (+44.4%)	2.2%	$60.17	—	COM	264147109
VSH	VISHAY INTERTECHNOLOGY INC	127,996 (-26.2%)	$6.884M (+120.4%)	1.0%	$18.57	—	COM	928298108
PENG	PENGUIN SOLUTIONS INC	101,015 (-56.2%)	$7.678M (+89.0%)	1.1%	$24.46	—	COM	706915105
CRS	CARPENTER TECHNOLOGY CORP	17,154 (-5.0%)	$10.58M (+48.7%)	1.5%	$79.62	—	COM	144285103
NESR	NATIONAL ENERGY SERVICES REU	393,666 (-4.9%)	$11.78M (+32.6%)	1.6%	$13.12	—	SHS	G6375R107
AIR	AAR CORP	96,446 (-5.0%)	$13.79M (+24.1%)	1.9%	$40.80	—	COM	000361105
NPO	ENPRO INC	23,219 (-5.0%)	$8.752M (+42.9%)	1.2%	$92.66	—	COM	29355X107
TKR	TIMKEN CO	65,888 (-5.0%)	$9.575M (+37.3%)	1.3%	$79.01	—	COM	887389104
RHP	RYMAN HOSPITALITY PPTYS INC	64,311 (-5.1%)	$8.267M (+32.3%)	1.1%	$79.26	—	COM	78377T107
KN	KNOWLES CORP	130,941 (-4.9%)	$5.431M (+53.5%)	0.8%	$24.44	—	COM	49926D109
CHRD	CHORD ENERGY CORPORATION	50,290 (-6.1%)	$5.748M (-24.5%)	0.8%	$108.76	—	COM NEW	674215207
BELFB	BEL FUSE INC	14,521 (-4.9%)	$4.836M (+59.9%)	0.7%	$156.18	—	CL B	077347300
SLG	SL GREEN RLTY CORP	139,040 (-5.0%)	$7.198M (+33.2%)	1.0%	$31.94	—	COM	78440X887
AMRX	AMNEAL PHARMACEUTICALS INC	819,476 (-18.3%)	$14.19M (+13.8%)	2.0%	$5.96	—	COM STK CL A	03168L105
MKSI	MKS INC.	16,990 (-33.4%)	$7.557M (+28.9%)	1.0%	$96.49	—	COM	55306N104
MTDR	MATADOR RES CO	100,080 (-5.2%)	$4.982M (-25.3%)	0.7%	$45.39	—	COM	576485205
R	RYDER SYS INC	33,371 (-5.0%)	$8.802M (+22.4%)	1.2%	$101.68	—	COM	783549108
BDC	BELDEN INC	29,285 (-33.3%)	$3.512M (-30.3%)	0.5%	$105.49	—	COM	077454106
MGY	MAGNOLIA OIL & GAS CORP	187,730 (-5.9%)	$4.802M (-23.7%)	0.7%	$18.00	—	CL A	559663109
OPCH	OPTION CARE HEALTH INC	198,032 (-5.2%)	$4.153M (-26.2%)	0.6%	$31.24	—	COM NEW	68404L201
NFG	NATIONAL FUEL GAS CO	65,417 (-5.0%)	$5.051M (-21.9%)	0.7%	$82.39	—	COM	636180101
SNEX	STONEX GROUP INC	103,699 (-23.7%)	$12.29M (+12.1%)	1.7%	$61.87	—	COM	861896108
ESI	ELEMENT SOLUTIONS INC	101,032 (-4.9%)	$4.824M (+33.0%)	0.7%	$30.49	—	COM	28618M106
LYTS	LSI INDS INC OHIO	163,716 (-4.9%)	$4.352M (+35.9%)	0.6%	$15.40	—	COM	50216C108
HL	HECLA MINING COMPANY	271,410 (-5.0%)	$4.188M (-21.3%)	0.6%	$8.03	—	COM	422704106
COLB	COLUMBIA BKG SYS INC	353,629 (-5.1%)	$11.33M (+10.9%)	1.6%	$23.53	—	COM	197236102
ABCB	AMERIS BANCORP	129,952 (-5.0%)	$11.73M (+10.0%)	1.6%	$39.24	—	COM	03076K108
WTFC	WINTRUST FINL CORP	74,921 (-5.2%)	$12.04M (+9.6%)	1.7%	$84.37	—	COM	97650W108
SAH	SONIC AUTOMOTIVE INC	83,342 (-5.0%)	$7.067M (+17.5%)	1.0%	$60.06	—	CL A	83545G102
PFBC	PREFERRED BK LOS ANGELES CA	96,557 (-5.0%)	$10.26M (+11.3%)	1.4%	$52.06	—	COM NEW	740367404
TDS	TELEPHONE & DATA SYS INC	141,651 (-5.1%)	$5.243M (-16.6%)	0.7%	$44.36	—	COM NEW	879433829
LFUS	LITTELFUSE INC	10,225 (-4.9%)	$4.656M (+27.5%)	0.6%	$319.97	—	COM	537008104
CON	CONCENTRA GROUP HOLDINGS PAR	140,334 (-5.7%)	$4.175M (+30.8%)	0.6%	$20.99	—	COMMON STOCK	20603L102
WTM	WHITE MTNS INS GROUP LTD	4,078 (-5.0%)	$8.455M (-10.3%)	1.2%	$1887.23	—	COM	G9618E107
TEX	TEREX CORP NEW	94,675 (-5.0%)	$6.854M (+16.4%)	1.0%	$62.32	—	COM	880779103
VCYT	VERACYTE INC	37,297 (-5.0%)	$2.19M (+73.2%)	0.3%	$28.14	—	COM	92337F107
CALY	CALLAWAY GOLF CO	218,836 (-5.1%)	$4.112M (+28.5%)	0.6%	$14.28	—	COM	131193104
EFSC	ENTERPRISE FINL SVCS CORP	99,188 (-5.0%)	$6.535M (+15.7%)	0.9%	$39.86	—	COM	293712105
CASH	PATHWARD FINANCIAL INC	123,662 (-5.0%)	$10.77M (-7.3%)	1.5%	$25.16	—	COM	59100U108
GIII	G III APPAREL GROUP LTD	181,453 (-5.0%)	$6.117M (+15.6%)	0.8%	$28.15	—	COM	36237H101
MAC	MACERICH CO	150,152 (-4.9%)	$3.782M (+26.7%)	0.5%	$17.19	—	COM	554382101
UMBF	UMB FINL CORP	32,273 (-4.9%)	$4.607M (+20.3%)	0.6%	$110.35	—	COM	902788108
GFF	GRIFFON CORP	35,518 (-5.0%)	$3.464M (+27.5%)	0.5%	$76.76	—	COM	398433102
ONB	OLD NATL BANCORP IND	274,955 (-5.0%)	$7.121M (+11.4%)	1.0%	$13.50	—	COM	680033107
KTB	KONTOOR BRANDS INC	77,376 (-5.1%)	$6.449M (+12.5%)	0.9%	$71.60	—	COM	50050N103
MD	PEDIATRIX MEDICAL GROUP INC	248,762 (-5.0%)	$6.301M (+12.5%)	0.9%	$16.68	—	COM	58502B106
FNB	F N B CORP	465,226 (-5.0%)	$8.877M (+8.4%)	1.2%	$10.71	—	COM	302520101
FFIN	FIRST FINL BANKSHARES INC	185,800 (-5.0%)	$6.429M (+11.6%)	0.9%	$31.86	—	COM	32020R109
MHO	M/I HOMES INC	18,865 (-5.2%)	$3.033M (+24.5%)	0.4%	$135.28	—	COM	55305B101
FRME	FIRST MERCHANTS CORP	201,603 (-5.0%)	$8.808M (+7.2%)	1.2%	$32.55	—	COM	320817109
SR	SPIRE INC	34,000 (-4.9%)	$2.655M (-18.0%)	0.4%	$82.70	—	COM	84857L101
SHC	SOTERA HEALTH CO	205,662 (-5.1%)	$3.651M (+17.5%)	0.5%	$11.45	—	COM	83601L102
CUZ	COUSINS PPTYS INC	86,145 (-5.0%)	$2.583M (+26.1%)	0.4%	$29.49	—	COM NEW	222795502
CBK	COMMERCIAL BANCGROUP INC	108,869 (-5.0%)	$3.515M (+17.9%)	0.5%	$24.55	—	COM	20112C106
NGS	NATURAL GAS SVCS GROUP INC	154,426 (-4.9%)	$6.662M (+8.7%)	0.9%	$33.90	—	COM	63886Q109
KRG	KITE REALTY GROUP TRUST	204,464 (-5.0%)	$5.803M (+9.9%)	0.8%	$12.55	—	COM NEW	49803T300
TXNM	TXNM ENERGY INC	97,364 (-5.7%)	$5.528M (-8.4%)	0.8%	$56.75	—	COM	69349H107
LZB	LA Z BOY INC	80,161 (-5.1%)	$3.216M (+18.5%)	0.4%	$32.82	—	COM	505336107
SANM	SANMINA CORP	27,754 (-52.1%)	$7.024M (-6.5%)	1.0%	$77.90	—	COM	801056102
SUPN	SUPERNUS PHARMACEUTICALS	60,253 (-5.0%)	$2.802M (-14.5%)	0.4%	$48.62	—	COM	868459108
CHCT	COMMUNITY HEALTHCARE TR INC	296,939 (-5.0%)	$5.428M (+9.3%)	0.8%	$9.80	—	COM	20369C106
CSR	CENTERSPACE	92,494 (-5.1%)	$5.197M (-7.2%)	0.7%	$69.41	—	COM	15202L107
NXST	NEXSTAR MEDIA GROUP INC	26,658 (-6.0%)	$4.761M (-7.2%)	0.7%	$119.38	—	COMMON STOCK	65336K103
URBN	URBAN OUTFITTERS INC	86,532 (-5.1%)	$6.132M (+6.1%)	0.9%	$51.37	—	COM	917047102
AAP	ADVANCE AUTO PARTS INC	51,698 (-5.0%)	$3.217M (+12.0%)	0.4%	$55.73	—	COM	00751Y106
AM	ANTERO MIDSTREAM CORP	272,106 (-4.9%)	$6.19M (-5.1%)	0.9%	$10.51	—	COM	03676B102
FUL	FULLER H B CO	48,140 (-5.0%)	$2.806M (-10.2%)	0.4%	$63.80	—	COM	359694106
ADT	ADT INC DEL	738,914 (-5.1%)	$4.803M (-6.1%)	0.7%	$8.05	—	COM	00090Q103
ANGO	ANGIODYNAMICS INC	292,510 (-5.1%)	$3.806M (+8.6%)	0.5%	$10.13	—	COM	03475V101
JJSF	J & J SNACK FOODS CORP	29,908 (-4.9%)	$2.197M (-11.9%)	0.3%	$90.05	—	COM	466032109
FIBK	FIRST INTST BANCSYSTEM INC	87,228 (-5.1%)	$3.364M (+9.6%)	0.5%	$36.75	—	COM	32055Y201
TCBI	TEXAS CAP BANCSHARES INC	83,289 (-5.0%)	$8.6M (+3.4%)	1.2%	$64.92	—	COM	88224Q107
SCHX	SCHWAB STRATEGIC TR	93,009 (-3.1%)	$2.737M (+11.2%)	0.4%	$34.69	—	US LRG CAP ETF	808524201
SKYW	SKYWEST INC	103,670 (-5.0%)	$10.3M (+2.8%)	1.4%	$35.28	—	COM	830879102
IRT	INDEPENDENCE RLTY TR INC	268,847 (-5.0%)	$4.487M (+6.5%)	0.6%	$12.75	—	COM	45378A106
AAPL	APPLE INC	8,706 (-1.7%)	$2.519M (+12.1%)	0.3%	$107.55	—	COM	037833100
BNL	BROADSTONE NET LEASE INC	164,163 (-4.9%)	$3.393M (+7.5%)	0.5%	$18.27	—	COM	11135E203
BANR	BANNER CORP	84,286 (-5.0%)	$5.6M (+4.0%)	0.8%	$53.36	—	COM NEW	06652V208
BGC	BGC GROUP INC	522,276 (-4.9%)	$5.583M (+3.9%)	0.8%	$9.28	—	CL A	088929104
AVNT	AVIENT CORPORATION	145,980 (-5.0%)	$5.395M (-3.3%)	0.7%	$34.30	—	COM	05368V106
CLF	CLEVELAND-CLIFFS INC NEW	352,206 (-4.9%)	$3.307M (+5.7%)	0.5%	$11.19	—	COM	185899101
OTTR	OTTER TAIL CORP	72,681 (-5.0%)	$6.54M (-2.6%)	0.9%	$40.23	—	COM	689648103
CVSA	COVISTA INC	50,902 (-5.1%)	$6.345M (+2.7%)	0.9%	$54.72	—	COM	00737L103
BKH	BLACK HILLS CORP	113,884 (-5.0%)	$8.473M (+1.9%)	1.2%	$50.97	—	COM	092113109
NVDA	NVIDIA CORPORATION	12,430 (-7.1%)	$2.487M (+6.6%)	0.3%	$92.90	—	COM	67066G104
UNFI	UNITED NAT FOODS INC	72,346 (-5.5%)	$3.304M (-4.2%)	0.5%	$36.97	—	COM	911163103
ACAD	ACADIA PHARMACEUTICALS INC	77,245 (-5.0%)	$1.954M (+7.9%)	0.3%	$22.29	—	COM	004225108
CALM	CAL MAINE FOODS INC	47,775 (-5.1%)	$3.849M (-3.4%)	0.5%	$103.42	—	COM NEW	128030202
LADR	LADDER CAP CORP	353,122 (-5.0%)	$3.514M (-3.3%)	0.5%	$4.62	—	CL A	505743104
ELAN	ELANCO ANIMAL HEALTH INC	135,392 (-5.0%)	$3.332M (-2.3%)	0.5%	$13.07	—	COM	28414H103
ARQT	ARCUTIS BIOTHERAPEUTICS INC	47,746 (-5.1%)	$1.252M (+5.6%)	0.2%	$14.12	—	COM	03969K108
JNJ	JOHNSON & JOHNSON	5,449 (-1.2%)	$1.384M (+2.7%)	0.2%	$143.59	—	COM	478160104
IDA	IDACORP INC	42,000 (-5.0%)	$6.355M (+0.6%)	0.9%	$130.09	—	COM	451107106
AMT	AMERICAN TOWER CORP	1,363 (-8.7%)	$223K (-13.5%)	0.0%	$198.35	—	COM	03027X100
PLD	PROLOGIS INC.	2,544 (-8.3%)	$345K (-6.0%)	0.0%	$110.17	—	COM	74340W103
TRNO	TERRENO RLTY CORP	133,780 (-5.0%)	$8.665M (+0.2%)	1.2%	$57.10	—	COM	88146M101
AVGO	BROADCOM INC	782 (-13.1%)	$295K (+6.0%)	0.0%	$215.92	—	COM	11135F101
EQIX	EQUINIX INC	380 (-8.7%)	$396K (-2.9%)	0.1%	$897.54	—	COM	29444U700
JPM	JPMORGAN CHASE & CO	798 (-6.2%)	$261K (+4.3%)	0.0%	$250.91	—	COM	46625H100
WELL	WELLTOWER INC	943 (-9.2%)	$214K (+4.2%)	0.0%	$186.94	—	COM	95040Q104
SPG	SIMON PPTY GROUP INC NEW	1,891 (-17.5%)	$423K (-1.1%)	0.1%	$165.60	—	COM	828806109

Unchanged Positions (25)

ABBV ABBVIE INC 0.9%

Value $6.593M Shares 26,200 Est. Cost $55.17 Unrealized —

GOOGL ALPHABET INC 0.4%

Value $3.046M Shares 8,524 Est. Cost $107.93 Unrealized —

CRK COMSTOCK RES INC 0.1%

Value $812K Shares 54,427 Est. Cost $19.16 Unrealized —

ETN EATON CORP PLC 0.2%

Value $1.743M Shares 4,090 Est. Cost $146.73 Unrealized —

CSD INVESCO EXCHANGE TRADED FD T 0.2%

Value $1.108M Shares 7,400 Est. Cost $3.02 Unrealized —

STRL STERLING INFRASTRUCTURE INC 0.1%

Value $483K Shares 575 Est. Cost $376.45 Unrealized —

GOOG ALPHABET INC 0.1%

Value $777K Shares 2,200 Est. Cost $110.25 Unrealized —

SCHB SCHWAB STRATEGIC TR 0.1%

Value $1.055M Shares 36,417 Est. Cost $34.33 Unrealized —

CAT CATERPILLAR INC 0.0%

Value $314K Shares 295 Est. Cost $684.39 Unrealized —

PWR QUANTA SVCS INC 0.0%

Value $353K Shares 490 Est. Cost $388.50 Unrealized —

AMZN AMAZON COM INC 0.1%

Value $584K Shares 2,450 Est. Cost $123.37 Unrealized —

DOV DOVER CORP 0.1%

Value $811K Shares 3,615 Est. Cost $49.45 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.2%

Value $1.119M Shares 2,237 Est. Cost $281.96 Unrealized —

BAC BANK OF AMER CORP 0.0%

Value $264K Shares 4,640 Est. Cost $41.45 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.1%

Value $567K Shares 606 Est. Cost $385.53 Unrealized —

SCHH SCHWAB STRATEGIC TR 0.1%

Value $389K Shares 16,411 Est. Cost $24.14 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 0.0%

Value $258K Shares 345 Est. Cost $617.85 Unrealized —

AJG GALLAGHER ARTHUR J & CO 0.1%

Value $528K Shares 2,300 Est. Cost $34.76 Unrealized —

EFA ISHARES TR 0.1%

Value $366K Shares 3,520 Est. Cost $60.56 Unrealized —

PBF PBF ENERGY INC 0.1%

Value $433K Shares 9,523 Est. Cost $19.01 Unrealized —

IYR ISHARES TR 0.0%

Value $240K Shares 2,350 Est. Cost $28.48 Unrealized —

UL UNILEVER PLC 0.0%

Value $321K Shares 5,333 Est. Cost $65.40 Unrealized —

MSFT MICROSOFT CORP 0.2%

Value $1.522M Shares 4,080 Est. Cost $178.78 Unrealized —

CI THE CIGNA GROUP 0.0%

Value $334K Shares 1,210 Est. Cost $204.18 Unrealized —

AGG ISHARES TR 0.0%

Value $276K Shares 2,791 Est. Cost $99.88 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ABBV	ABBVIE INC	26,200	$6.593M	0.9%	$55.17	—	COM	00287Y109
GOOGL	ALPHABET INC	8,524	$3.046M	0.4%	$107.93	—	CAP STK CL A	02079K305
CRK	COMSTOCK RES INC	54,427	$812K	0.1%	$19.16	—	COM	205768302
ETN	EATON CORP PLC	4,090	$1.743M	0.2%	$146.73	—	SHS	G29183103
CSD	INVESCO EXCHANGE TRADED FD T	7,400	$1.108M	0.2%	$3.02	—	S&P SPIN OFF	46137V159
STRL	STERLING INFRASTRUCTURE INC	575	$483K	0.1%	$376.45	—	COM	859241101
GOOG	ALPHABET INC	2,200	$777K	0.1%	$110.25	—	CAP STK CL C	02079K107
SCHB	SCHWAB STRATEGIC TR	36,417	$1.055M	0.1%	$34.33	—	US BRD MKT ETF	808524102
CAT	CATERPILLAR INC	295	$314K	0.0%	$684.39	—	COM	149123101
PWR	QUANTA SVCS INC	490	$353K	0.0%	$388.50	—	COM	74762E102
AMZN	AMAZON COM INC	2,450	$584K	0.1%	$123.37	—	COM	023135106
DOV	DOVER CORP	3,615	$811K	0.1%	$49.45	—	COM	260003108
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,237	$1.119M	0.2%	$281.96	—	CL B NEW	084670702
BAC	BANK OF AMER CORP	4,640	$264K	0.0%	$41.45	—	COM	060505104
COST	COSTCO WHOLESALE CORPORATION	606	$567K	0.1%	$385.53	—	COM	22160K105
SCHH	SCHWAB STRATEGIC TR	16,411	$389K	0.1%	$24.14	—	US REIT ETF	808524847
SPY	STATE STR SPDR S&P 500 ETF T	345	$258K	0.0%	$617.85	—	TR UNIT	78462F103
AJG	GALLAGHER ARTHUR J & CO	2,300	$528K	0.1%	$34.76	—	COM	363576109
EFA	ISHARES TR	3,520	$366K	0.1%	$60.56	—	MSCI EAFE ETF	464287465
PBF	PBF ENERGY INC	9,523	$433K	0.1%	$19.01	—	CL A	69318G106
IYR	ISHARES TR	2,350	$240K	0.0%	$28.48	—	U.S. REAL ES ETF	464287739
UL	UNILEVER PLC	5,333	$321K	0.0%	$65.40	—	SPON ADR NEW	904767803
MSFT	MICROSOFT CORP	4,080	$1.522M	0.2%	$178.78	—	COM	594918104
CI	THE CIGNA GROUP	1,210	$334K	0.0%	$204.18	—	COM	125523100
AGG	ISHARES TR	2,791	$276K	0.0%	$99.88	—	CORE US AGGBD ET	464287226