Medina Value Partners, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSM	MSC INDL DIRECT INC	289,622	$26,723	5.6%	$88.87	0.0%	CL A	553530106
NSIT	INSIGHT ENTERPRISES INC	338,220	$22,664	4.7%	$84.55	0.0%	COM	45765U103
REZI	RESIDEO TECHNOLOGIES INC	398,658	$13,439	2.8%	$36.22	0.0%	COM	76118Y104
GLOB	GLOBANT S A	285,728	$13,175	2.8%	$60.35	0.0%	COM	L44385109
VREX	VAREX IMAGING CORP	1,241,238	$13,170	2.8%	$13.61	0.0%	COM	92214X106
FELE	FRANKLIN ELEC INC	133,762	$12,329	2.6%	$100.43	0.0%	COM	353514102
TASK	TASKUS INC	1,712,806	$11,493	2.4%	$10.97	0.0%	CLASS A COM	87652V109
AMN	AMN HEALTHCARE SVCS INC	546,257	$10,018	2.1%	$18.69	0.0%	COM	001744101
SCSC	SCANSOURCE INC	231,306	$8,396	1.8%	$39.44	0.0%	COM	806037107
DXPE	DXP ENTERPRISES INC	44,808	$6,261	1.3%	$133.24	0.0%	COM NEW	233377407
MGRC	MCGRATH RENTCORP	27,632	$3,047	0.6%	$113.36	0.0%	COM	580589109
JJSF	J & J SNACK FOODS CORP	37,396	$2,964	0.6%	$89.80	0.0%	COM	466032109
FLGT	FULGENT GENETICS INC	170,069	$2,704	0.6%	$25.63	0.0%	COM	359664109

Increased Positions (8)

ST SENSATA TECHNOLOGIES HLDG PL 4.4%

Value ($000) $20,929 (+457.7%) Shares 594,249 (+427.1%) Est. Cost $35.08 Unrealized +2.1%

KMT KENNAMETAL INC 8.4%

Value ($000) $40,331 (+46.6%) Shares 1,116,265 (+15.3%) Est. Cost $24.46 Unrealized +45.6%

GEF/B GREIF INC 1.8%

Value ($000) $8,755 (+83.8%) Shares 100,011 (+56.8%) Est. Cost $72.53 Unrealized +16.4%

HNI HNI CORP 3.4%

Value ($000) $16,105 (+26.7%) Shares 482,343 (+59.5%) Est. Cost $44.27 Unrealized +7.7%

AEBI AEBI SCHMIDT HLDG AG 3.3%

Value ($000) $15,562 (-14.1%) Shares 1,602,638 (+11.9%) Est. Cost $11.82 Unrealized +23.7%

APTV APTIV PLC 5.2%

Value ($000) $24,772 (-5.8%) Shares 356,746 (+3.2%) Est. Cost $62.30 Unrealized +29.9%

KRNT KORNIT DIGITAL LTD 2.2%

Value ($000) $10,721 (+4.6%) Shares 731,318 (+2.6%) Est. Cost $16.93 Unrealized -13.9%

LKQ LKQ CORP 2.9%

Value ($000) $13,710 (-0.4%) Shares 466,795 (+2.4%) Est. Cost $32.23 Unrealized +3.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ST	SENSATA TECHNOLOGIES HLDG PL	594,249 (+427.1%)	$20,929 (+457.7%)	4.4%	$35.08	+2.1%	SHS	G8060N102
KMT	KENNAMETAL INC	1,116,265 (+15.3%)	$40,331 (+46.6%)	8.4%	$24.46	+45.6%	COM	489170100
GEF/B	GREIF INC	100,011 (+56.8%)	$8,755 (+83.8%)	1.8%	$72.53	+16.4%	CL B	397624206
HNI	HNI CORP	482,343 (+59.5%)	$16,105 (+26.7%)	3.4%	$44.27	+7.7%	COM	404251100
AEBI	AEBI SCHMIDT HLDG AG	1,602,638 (+11.9%)	$15,562 (-14.1%)	3.3%	$11.82	+23.7%	COM	H00501108
APTV	APTIV PLC	356,746 (+3.2%)	$24,772 (-5.8%)	5.2%	$62.30	+29.9%	COM SHS	G3265R107
KRNT	KORNIT DIGITAL LTD	731,318 (+2.6%)	$10,721 (+4.6%)	2.2%	$16.93	-13.9%	SHS	M6372Q113
LKQ	LKQ CORP	466,795 (+2.4%)	$13,710 (-0.4%)	2.9%	$32.23	+3.2%	COM	501889208

Exited Positions (7)

IOSP INNOSPEC INC 6.1%

Value ($000) $28,991 Shares 378,769 Est. Cost $79.68 Unrealized +2.8%

ECVT ECOVYST INC 4.5%

Value ($000) $21,328 Shares 2,192,017 Est. Cost $7.52 Unrealized +45.7%

PLUS EPLUS INC 3.6%

Value ($000) $17,214 Shares 196,285 Est. Cost $80.16 Unrealized +6.2%

AAP ADVANCE AUTO PARTS INC 2.5%

Value ($000) $12,052 Shares 306,655 Est. Cost $49.80 Unrealized -1.4%

IEX IDEX CORP 2.4%

Value ($000) $11,255 Shares 63,251 Est. Cost $170.64 Unrealized +16.7%

GIII G III APPAREL GROUP LTD 2.0%

Value ($000) $9,549 Shares 329,736 Est. Cost $25.27 Unrealized +18.8%

RHI ROBERT HALF INC. 1.5%

Value ($000) $6,929 Shares 255,125 Est. Cost $28.54 Unrealized -2.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IOSP	INNOSPEC INC	378,769	$28,991	6.1%	$79.68	+2.8%	—	45768S105
ECVT	ECOVYST INC	2,192,017	$21,328	4.5%	$7.52	+45.7%	—	27923Q109
PLUS	EPLUS INC	196,285	$17,214	3.6%	$80.16	+6.2%	—	294268107
AAP	ADVANCE AUTO PARTS INC	306,655	$12,052	2.5%	$49.80	-1.4%	—	00751Y106
IEX	IDEX CORP	63,251	$11,255	2.4%	$170.64	+16.7%	—	45167R104
GIII	G III APPAREL GROUP LTD	329,736	$9,549	2.0%	$25.27	+18.8%	—	36237H101
RHI	ROBERT HALF INC.	255,125	$6,929	1.5%	$28.54	-2.0%	—	770323103

Decreased Positions (8)

ATMU ATMUS FILTRATION TECHNOLOGIE 2.7%

Value ($000) $12,855 (-51.7%) Shares 226,439 (-55.8%) Est. Cost $25.94 Unrealized +127.5%

THR THERMON GROUP HLDGS INC 10.2%

Value ($000) $48,702 (+25.6%) Shares 966,319 (-7.4%) Est. Cost $29.13 Unrealized +56.4%

TS TENARIS S A 3.1%

Value ($000) $14,741 (-31.7%) Shares 253,362 (-54.9%) Est. Cost $33.62 Unrealized —

BXC BLUELINX HLDGS INC 1.9%

Value ($000) $9,144 (-30.3%) Shares 168,777 (-21.0%) Est. Cost $78.80 Unrealized -8.1%

NPK NATIONAL PRESTO INDS INC 4.0%

Value ($000) $19,010 (-16.1%) Shares 138,696 (-34.7%) Est. Cost $87.61 Unrealized +40.7%

DNOW DNOW INC 3.5%

Value ($000) $16,705 (-14.9%) Shares 1,402,563 (-5.3%) Est. Cost $14.04 Unrealized +3.9%

BCC BOISE CASCADE CO DEL 3.3%

Value ($000) $15,779 (-5.6%) Shares 208,035 (-8.4%) Est. Cost $72.78 Unrealized +15.1%

PHIN PHINIA INC 3.8%

Value ($000) $18,029 (-4.1%) Shares 263,422 (-12.2%) Est. Cost $34.12 Unrealized +109.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ATMU	ATMUS FILTRATION TECHNOLOGIE	226,439 (-55.8%)	$12,855 (-51.7%)	2.7%	$25.94	+127.5%	COM	04956D107
THR	THERMON GROUP HLDGS INC	966,319 (-7.4%)	$48,702 (+25.6%)	10.2%	$29.13	+56.4%	COM	88362T103
TS	TENARIS S A	253,362 (-54.9%)	$14,741 (-31.7%)	3.1%	$33.62	—	SPONSORED ADS	88031M109
BXC	BLUELINX HLDGS INC	168,777 (-21.0%)	$9,144 (-30.3%)	1.9%	$78.80	-8.1%	COM NEW	09624H208
NPK	NATIONAL PRESTO INDS INC	138,696 (-34.7%)	$19,010 (-16.1%)	4.0%	$87.61	+40.7%	COM	637215104
DNOW	DNOW INC	1,402,563 (-5.3%)	$16,705 (-14.9%)	3.5%	$14.04	+3.9%	COM	67011P100
BCC	BOISE CASCADE CO DEL	208,035 (-8.4%)	$15,779 (-5.6%)	3.3%	$72.78	+15.1%	COM	09739D100
PHIN	PHINIA INC	263,422 (-12.2%)	$18,029 (-4.1%)	3.8%	$34.12	+109.9%	COMMON STOCK	71880K101

Unchanged Positions (1)

GEF GREIF INC 5.3%

Value ($000) $25,222 Shares 376,048 Est. Cost $57.92 Unrealized +25.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GEF	GREIF INC	376,048	$25,222	5.3%	$57.92	+25.6%	CL A	397624107