Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PSN	PARSONS CORP DEL	150,000	$7.859M	0.3%	$52.39	—	COM	70202L102
AGM	FEDERAL AGRIC MTG CORP	37,728	$7.518M	0.3%	$199.27	—	CL C	313148306
HLMN	HILLMAN SOLUTIONS CORP	800,000	$6.752M	0.3%	$8.44	—	COM	431636109
IFF	INTERNATIONAL FLAVORS&FRAGRA	64,557	$5.114M	0.2%	$79.22	—	COM	459506101
GBX	GREENBRIER COS INC	100,000	$4.901M	0.2%	$49.01	—	COM	393657101
WNC	WABASH NATL CORP	296,400	$4.001M	0.2%	$13.50	—	COM	929566107
AVO	MISSION PRODUCE INC	329,279	$3.882M	0.2%	$11.79	—	COM	60510V108
ACNT	ASCENT INDUSTRIES CO	200,618	$3.015M	0.1%	$15.03	—	COM	871565107
PXED	PHOENIX ED PARTNERS INC	73,005	$2.398M	0.1%	$32.85	—	COM	718968100
TGEN	TECOGEN INC NEW	182,100	$951K	0.0%	$5.22	—	COM NEW	87876P201
HON	HONEYWELL INTL INC	525	$118K	0.0%	$223.90	—	COM	438516205
HONA	HONEYWELL AEROSPACE INC	525	$116K	0.0%	$221.08	—	COM	43849R105

Increased Positions (58)

EVTC EVERTEC INC 1.0%

Value $23.35M (+230.9%) Shares 840,400 (+236.2%) Est. Cost $28.78 Unrealized —

CCS CENTURY COMMUNITIES INC 1.6%

Value $37.01M (+41.9%) Shares 516,410 (+13.6%) Est. Cost $52.46 Unrealized —

HAE HAEMONETICS CORP MASS 0.7%

Value $15M (+213.1%) Shares 200,000 (+135.3%) Est. Cost $72.09 Unrealized —

KWR QUAKER HOUGHTON 1.2%

Value $26.26M (+62.9%) Shares 165,289 (+27.3%) Est. Cost $143.76 Unrealized —

CLB CORE LABORATORIES INC 0.5%

Value $12.33M (+389.6%) Shares 1,058,311 (+605.5%) Est. Cost $12.67 Unrealized —

LXP LXP INDUSTRIAL TRUST 0.9%

Value $19.58M (+82.9%) Shares 363,350 (+57.0%) Est. Cost $49.03 Unrealized —

HUM HUMANA INC 0.5%

Value $11.77M (+217.9%) Shares 29,632 (+38.8%) Est. Cost $299.29 Unrealized —

ASO ACADEMY SPORTS & OUTDOORS IN 1.2%

Value $26.58M (+43.0%) Shares 563,941 (+71.2%) Est. Cost $49.41 Unrealized —

SHLS SHOALS TECHNOLOGIES GROUP IN 0.6%

Value $14.51M (+108.8%) Shares 1,466,050 (+38.8%) Est. Cost $9.55 Unrealized —

SANM SANMINA CORP 0.6%

Value $12.65M (+144.0%) Shares 50,000 (+25.0%) Est. Cost $176.02 Unrealized —

IIIV I3 VERTICALS INC 0.9%

Value $20.62M (+51.9%) Shares 965,250 (+59.0%) Est. Cost $22.29 Unrealized —

PRMB PRIMO BRANDS CORPORATION 1.0%

Value $22.93M (+39.1%) Shares 938,304 (+7.2%) Est. Cost $20.89 Unrealized —

ICLR ICON PUB LTD CO 0.4%

Value $7.963M (+347.9%) Shares 45,843 (+185.3%) Est. Cost $171.45 Unrealized —

XRN CHIRON REAL ESTATE INC 0.9%

Value $20.87M (+42.1%) Shares 556,260 (+25.3%) Est. Cost $34.47 Unrealized —

TTI TETRA TECHNOLOGIES INC DEL 0.5%

Value $11.33M (+116.7%) Shares 1,000,100 (+62.9%) Est. Cost $9.94 Unrealized —

ST SENSATA TECHNOLOGIES HLDG PL 0.6%

Value $14.11M (+71.8%) Shares 295,650 (+26.7%) Est. Cost $35.58 Unrealized —

WEC WEC ENERGY GROUP INC 0.6%

Value $12.64M (+83.5%) Shares 108,279 (+81.9%) Est. Cost $99.72 Unrealized —

CNC CENTENE CORP DEL 0.4%

Value $9.764M (+137.2%) Shares 152,111 (+21.0%) Est. Cost $55.81 Unrealized —

WAT WATERS CORP 0.4%

Value $9.175M (+147.2%) Shares 24,463 (+96.3%) Est. Cost $370.99 Unrealized —

DDI DOUBLEDOWN INTERACTIVE CO LT 0.4%

Value $8.61M (+154.7%) Shares 750,000 (+87.5%) Est. Cost $10.46 Unrealized —

CASS CASS INFORMATION SYS INC 1.1%

Value $25.32M (+22.3%) Shares 493,406 (+4.9%) Est. Cost $37.42 Unrealized —

HXL HEXCEL CORP NEW 0.8%

Value $18M (+33.8%) Shares 179,935 (+8.2%) Est. Cost $67.97 Unrealized —

UTL UNITIL CORP 0.5%

Value $12.24M (+56.2%) Shares 232,349 (+54.9%) Est. Cost $51.29 Unrealized —

MSA MSA SAFETY INC 0.4%

Value $8.952M (+87.4%) Shares 51,275 (+76.0%) Est. Cost $180.69 Unrealized —

SAH SONIC AUTOMOTIVE INC 0.6%

Value $12.51M (+48.1%) Shares 147,598 (+19.8%) Est. Cost $66.00 Unrealized —

LYFT LYFT INC 0.6%

Value $14.46M (+32.1%) Shares 990,050 (+20.3%) Est. Cost $15.32 Unrealized —

RNST RENASANT CORP 0.5%

Value $10.21M (+50.6%) Shares 239,965 (+27.9%) Est. Cost $36.98 Unrealized —

SON SONOCO PRODS CO 0.4%

Value $8.453M (+56.3%) Shares 150,000 (+50.0%) Est. Cost $49.02 Unrealized —

IEX IDEX CORP 0.3%

Value $6.065M (+98.7%) Shares 26,726 (+65.9%) Est. Cost $210.16 Unrealized —

QNST QUINSTREET INC 0.4%

Value $8.79M (+46.4%) Shares 600,000 (+20.0%) Est. Cost $13.35 Unrealized —

SBCF SEACOAST BKG CORP FLA 1.0%

Value $21.49M (+14.1%) Shares 646,432 (+3.9%) Est. Cost $26.39 Unrealized —

PLAB PHOTRONICS INC 0.6%

Value $12.35M (-17.5%) Shares 379,795 (+2.5%) Est. Cost $19.47 Unrealized —

BMRC BANK OF MARIN BANCORP 0.4%

Value $9.017M (+40.7%) Shares 325,508 (+30.2%) Est. Cost $26.11 Unrealized —

COLM COLUMBIA SPORTSWEAR CO 0.7%

Value $15.46M (+20.0%) Shares 250,091 (+6.4%) Est. Cost $57.07 Unrealized —

ASTE ASTEC INDS INC 0.7%

Value $14.78M (+19.9%) Shares 241,590 (+5.5%) Est. Cost $40.62 Unrealized —

NRC NRC HEALTH 0.3%

Value $6.471M (+60.7%) Shares 300,000 (+26.5%) Est. Cost $17.96 Unrealized —

MKTX MARKETAXESS HLDGS INC 0.5%

Value $11.91M (+23.7%) Shares 104,926 (+79.9%) Est. Cost $145.58 Unrealized —

HUBB HUBBELL INC 0.4%

Value $8.176M (+38.1%) Shares 15,626 (+29.6%) Est. Cost $408.56 Unrealized —

MLR MILLER INDS INC TENN 0.3%

Value $7.673M (+40.4%) Shares 150,000 (+25.0%) Est. Cost $43.51 Unrealized —

VNOM VIPER ENERGY INC 1.0%

Value $22.74M (-8.8%) Shares 536,382 (+1.1%) Est. Cost $38.16 Unrealized —

INFU INFUSYSTEM HLDGS INC 0.3%

Value $6.755M (+43.5%) Shares 700,000 (+37.3%) Est. Cost $10.91 Unrealized —

PINE ALPINE INCOME PPTY TR INC 0.4%

Value $9.449M (+21.5%) Shares 455,175 (+5.4%) Est. Cost $16.29 Unrealized —

FIS FIDELITY NATL INFORMATION SV 0.2%

Value $5.447M (+41.3%) Shares 140,094 (+70.5%) Est. Cost $51.44 Unrealized —

BDX BECTON DICKINSON & CO 0.9%

Value $19.63M (+7.3%) Shares 129,740 (+11.5%) Est. Cost $204.26 Unrealized —

XRAY DENTSPLY SIRONA INC 0.6%

Value $12.39M (+12.0%) Shares 1,167,350 (+22.5%) Est. Cost $13.50 Unrealized —

AMZN AMAZON COM INC 0.2%

Value $4.642M (+39.8%) Shares 19,478 (+22.2%) Est. Cost $228.80 Unrealized —

DNOW DNOW INC 0.3%

Value $7.782M (+18.8%) Shares 600,000 (+9.1%) Est. Cost $11.12 Unrealized —

XEL XCEL ENERGY INC 0.4%

Value $9.863M (+13.7%) Shares 122,828 (+12.5%) Est. Cost $72.34 Unrealized —

KMI KINDER MORGAN INC DEL 0.5%

Value $10.63M (+12.2%) Shares 332,613 (+17.6%) Est. Cost $28.52 Unrealized —

CHH CHOICE HOTELS INTL INC 0.3%

Value $7.594M (+17.7%) Shares 68,866 (+10.5%) Est. Cost $106.61 Unrealized —

PARK PARK DENTAL PARTNERS INC 0.2%

Value $4.31M (+35.5%) Shares 200,000 (+5.5%) Est. Cost $14.77 Unrealized —

INVX INNOVEX INTERNATIONAL INC 0.5%

Value $11.02M (+10.9%) Shares 444,373 (+9.1%) Est. Cost $20.29 Unrealized —

CSL CARLISLE COS INC 0.3%

Value $6.299M (+20.7%) Shares 17,364 (+11.0%) Est. Cost $347.31 Unrealized —

ELV ELEVANCE HEALTH INC FORMERLY 0.1%

Value $2.948M (+47.4%) Shares 7,623 (+11.6%) Est. Cost $342.18 Unrealized —

TYL TYLER TECHNOLOGIES INC 0.1%

Value $2.379M (+52.3%) Shares 8,136 (+78.3%) Est. Cost $344.38 Unrealized —

WTW WILLIS TOWERS WATSON PLC LTD 0.2%

Value $4.516M (+12.2%) Shares 17,279 (+24.8%) Est. Cost $278.92 Unrealized —

OXM OXFORD INDS INC 0.4%

Value $8.516M (+4.8%) Shares 244,230 (+15.7%) Est. Cost $40.37 Unrealized —

EOG EOG RES INC 1.0%

Value $21.57M (+1.7%) Shares 166,284 (+13.3%) Est. Cost $115.62 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EVTC	EVERTEC INC	840,400 (+236.2%)	$23.35M (+230.9%)	1.0%	$28.78	—	COM	30040P103
CCS	CENTURY COMMUNITIES INC	516,410 (+13.6%)	$37.01M (+41.9%)	1.6%	$52.46	—	COM	156504300
HAE	HAEMONETICS CORP MASS	200,000 (+135.3%)	$15M (+213.1%)	0.7%	$72.09	—	COM	405024100
KWR	QUAKER HOUGHTON	165,289 (+27.3%)	$26.26M (+62.9%)	1.2%	$143.76	—	COM	747316107
CLB	CORE LABORATORIES INC	1,058,311 (+605.5%)	$12.33M (+389.6%)	0.5%	$12.67	—	COM	21867A105
LXP	LXP INDUSTRIAL TRUST	363,350 (+57.0%)	$19.58M (+82.9%)	0.9%	$49.03	—	COM	529043408
HUM	HUMANA INC	29,632 (+38.8%)	$11.77M (+217.9%)	0.5%	$299.29	—	COM	444859102
ASO	ACADEMY SPORTS & OUTDOORS IN	563,941 (+71.2%)	$26.58M (+43.0%)	1.2%	$49.41	—	COM	00402L107
SHLS	SHOALS TECHNOLOGIES GROUP IN	1,466,050 (+38.8%)	$14.51M (+108.8%)	0.6%	$9.55	—	CL A	82489W107
SANM	SANMINA CORP	50,000 (+25.0%)	$12.65M (+144.0%)	0.6%	$176.02	—	COM	801056102
IIIV	I3 VERTICALS INC	965,250 (+59.0%)	$20.62M (+51.9%)	0.9%	$22.29	—	COM CL A	46571Y107
PRMB	PRIMO BRANDS CORPORATION	938,304 (+7.2%)	$22.93M (+39.1%)	1.0%	$20.89	—	CLASS A COM SHS	741623102
ICLR	ICON PUB LTD CO	45,843 (+185.3%)	$7.963M (+347.9%)	0.4%	$171.45	—	SHS	G4705A100
XRN	CHIRON REAL ESTATE INC	556,260 (+25.3%)	$20.87M (+42.1%)	0.9%	$34.47	—	COM NEW	37954A303
TTI	TETRA TECHNOLOGIES INC DEL	1,000,100 (+62.9%)	$11.33M (+116.7%)	0.5%	$9.94	—	COM	88162F105
ST	SENSATA TECHNOLOGIES HLDG PL	295,650 (+26.7%)	$14.11M (+71.8%)	0.6%	$35.58	—	SHS	G8060N102
WEC	WEC ENERGY GROUP INC	108,279 (+81.9%)	$12.64M (+83.5%)	0.6%	$99.72	—	COM	92939U106
CNC	CENTENE CORP DEL	152,111 (+21.0%)	$9.764M (+137.2%)	0.4%	$55.81	—	COM	15135B101
WAT	WATERS CORP	24,463 (+96.3%)	$9.175M (+147.2%)	0.4%	$370.99	—	COM	941848103
DDI	DOUBLEDOWN INTERACTIVE CO LT	750,000 (+87.5%)	$8.61M (+154.7%)	0.4%	$10.46	—	ADS	25862B109
CASS	CASS INFORMATION SYS INC	493,406 (+4.9%)	$25.32M (+22.3%)	1.1%	$37.42	—	COM	14808P109
HXL	HEXCEL CORP NEW	179,935 (+8.2%)	$18M (+33.8%)	0.8%	$67.97	—	COM	428291108
UTL	UNITIL CORP	232,349 (+54.9%)	$12.24M (+56.2%)	0.5%	$51.29	—	COM	913259107
MSA	MSA SAFETY INC	51,275 (+76.0%)	$8.952M (+87.4%)	0.4%	$180.69	—	COM	553498106
SAH	SONIC AUTOMOTIVE INC	147,598 (+19.8%)	$12.51M (+48.1%)	0.6%	$66.00	—	CL A	83545G102
LYFT	LYFT INC	990,050 (+20.3%)	$14.46M (+32.1%)	0.6%	$15.32	—	CL A COM	55087P104
RNST	RENASANT CORP	239,965 (+27.9%)	$10.21M (+50.6%)	0.5%	$36.98	—	COM	75970E107
SON	SONOCO PRODS CO	150,000 (+50.0%)	$8.453M (+56.3%)	0.4%	$49.02	—	COM	835495102
IEX	IDEX CORP	26,726 (+65.9%)	$6.065M (+98.7%)	0.3%	$210.16	—	COM	45167R104
QNST	QUINSTREET INC	600,000 (+20.0%)	$8.79M (+46.4%)	0.4%	$13.35	—	COM	74874Q100
SBCF	SEACOAST BKG CORP FLA	646,432 (+3.9%)	$21.49M (+14.1%)	1.0%	$26.39	—	COM NEW	811707801
PLAB	PHOTRONICS INC	379,795 (+2.5%)	$12.35M (-17.5%)	0.6%	$19.47	—	COM	719405102
BMRC	BANK OF MARIN BANCORP	325,508 (+30.2%)	$9.017M (+40.7%)	0.4%	$26.11	—	COM	063425102
COLM	COLUMBIA SPORTSWEAR CO	250,091 (+6.4%)	$15.46M (+20.0%)	0.7%	$57.07	—	COM	198516106
ASTE	ASTEC INDS INC	241,590 (+5.5%)	$14.78M (+19.9%)	0.7%	$40.62	—	COM	046224101
NRC	NRC HEALTH	300,000 (+26.5%)	$6.471M (+60.7%)	0.3%	$17.96	—	COM NEW	637372202
MKTX	MARKETAXESS HLDGS INC	104,926 (+79.9%)	$11.91M (+23.7%)	0.5%	$145.58	—	COM	57060D108
HUBB	HUBBELL INC	15,626 (+29.6%)	$8.176M (+38.1%)	0.4%	$408.56	—	COM	443510607
MLR	MILLER INDS INC TENN	150,000 (+25.0%)	$7.673M (+40.4%)	0.3%	$43.51	—	COM NEW	600551204
VNOM	VIPER ENERGY INC	536,382 (+1.1%)	$22.74M (-8.8%)	1.0%	$38.16	—	CL A	64361Q101
INFU	INFUSYSTEM HLDGS INC	700,000 (+37.3%)	$6.755M (+43.5%)	0.3%	$10.91	—	COM	45685K102
PINE	ALPINE INCOME PPTY TR INC	455,175 (+5.4%)	$9.449M (+21.5%)	0.4%	$16.29	—	COM	02083X103
FIS	FIDELITY NATL INFORMATION SV	140,094 (+70.5%)	$5.447M (+41.3%)	0.2%	$51.44	—	COM	31620M106
BDX	BECTON DICKINSON & CO	129,740 (+11.5%)	$19.63M (+7.3%)	0.9%	$204.26	—	COM	075887109
XRAY	DENTSPLY SIRONA INC	1,167,350 (+22.5%)	$12.39M (+12.0%)	0.6%	$13.50	—	COM	24906P109
AMZN	AMAZON COM INC	19,478 (+22.2%)	$4.642M (+39.8%)	0.2%	$228.80	—	COM	023135106
DNOW	DNOW INC	600,000 (+9.1%)	$7.782M (+18.8%)	0.3%	$11.12	—	COM	67011P100
XEL	XCEL ENERGY INC	122,828 (+12.5%)	$9.863M (+13.7%)	0.4%	$72.34	—	COM	98389B100
KMI	KINDER MORGAN INC DEL	332,613 (+17.6%)	$10.63M (+12.2%)	0.5%	$28.52	—	COM	49456B101
CHH	CHOICE HOTELS INTL INC	68,866 (+10.5%)	$7.594M (+17.7%)	0.3%	$106.61	—	COM	169905106
PARK	PARK DENTAL PARTNERS INC	200,000 (+5.5%)	$4.31M (+35.5%)	0.2%	$14.77	—	COM	700402100
INVX	INNOVEX INTERNATIONAL INC	444,373 (+9.1%)	$11.02M (+10.9%)	0.5%	$20.29	—	COM	457651107
CSL	CARLISLE COS INC	17,364 (+11.0%)	$6.299M (+20.7%)	0.3%	$347.31	—	COM	142339100
ELV	ELEVANCE HEALTH INC FORMERLY	7,623 (+11.6%)	$2.948M (+47.4%)	0.1%	$342.18	—	COM	036752103
TYL	TYLER TECHNOLOGIES INC	8,136 (+78.3%)	$2.379M (+52.3%)	0.1%	$344.38	—	COM	902252105
WTW	WILLIS TOWERS WATSON PLC LTD	17,279 (+24.8%)	$4.516M (+12.2%)	0.2%	$278.92	—	SHS	G96629103
OXM	OXFORD INDS INC	244,230 (+15.7%)	$8.516M (+4.8%)	0.4%	$40.37	—	COM	691497309
EOG	EOG RES INC	166,284 (+13.3%)	$21.57M (+1.7%)	1.0%	$115.62	—	COM	26875P101

Exited Positions (12)

CVGW CALAVO GROWERS INC 0.5%

Value $10.32M Shares 400,000 Est. Cost $24.59 Unrealized —

NSA NATIONAL STORAGE AFFILIATES 0.3%

Value $7.548M Shares 200,000 Est. Cost $36.33 Unrealized —

STKL SUNOPTA INC 0.3%

Value $6.48M Shares 1,000,000 Est. Cost $5.31 Unrealized —

SEB SEABOARD CORP DEL 0.3%

Value $5.654M Shares 1,000 Est. Cost $2937.34 Unrealized —

BXC BLUELINX HLDGS INC 0.2%

Value $4.989M Shares 92,075 Est. Cost $77.61 Unrealized —

RH RH 0.2%

Value $4.894M Shares 35,000 Est. Cost $214.01 Unrealized —

RJF RAYMOND JAMES FINL INC 0.2%

Value $4.755M Shares 32,842 Est. Cost $154.70 Unrealized —

PRGO PERRIGO CO PLC 0.1%

Value $1.613M Shares 150,219 Est. Cost $34.42 Unrealized —

ARAY ACCURAY INC DEL 0.0%

Value $767K Shares 1,977,450 Est. Cost $3.84 Unrealized —

SNYR SYNERGY CHC CORP 0.0%

Value $710K Shares 550,000 Est. Cost $3.02 Unrealized —

HON HONEYWELL INTL INC 0.0%

Value $237K Shares 1,050 Est. Cost $207.11 Unrealized —

PPA INVESCO EXCHANGE TRADED FD T 0.0%

Value $62,138 Shares 375 Est. Cost $155.45 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CVGW	CALAVO GROWERS INC	400,000	$10.32M	0.5%	$24.59	—	—	128246105
NSA	NATIONAL STORAGE AFFILIATES	200,000	$7.548M	0.3%	$36.33	—	—	637870106
STKL	SUNOPTA INC	1,000,000	$6.48M	0.3%	$5.31	—	—	8676EP108
SEB	SEABOARD CORP DEL	1,000	$5.654M	0.3%	$2937.34	—	—	811543107
BXC	BLUELINX HLDGS INC	92,075	$4.989M	0.2%	$77.61	—	—	09624H208
RH	RH	35,000	$4.894M	0.2%	$214.01	—	—	74967X103
RJF	RAYMOND JAMES FINL INC	32,842	$4.755M	0.2%	$154.70	—	—	754730109
PRGO	PERRIGO CO PLC	150,219	$1.613M	0.1%	$34.42	—	—	G97822103
ARAY	ACCURAY INC DEL	1,977,450	$767K	0.0%	$3.84	—	—	004397105
SNYR	SYNERGY CHC CORP	550,000	$710K	0.0%	$3.02	—	—	87165D208
HON	HONEYWELL INTL INC	1,050	$237K	0.0%	$207.11	—	—	438516106
PPA	INVESCO EXCHANGE TRADED FD T	375	$62,138	0.0%	$155.45	—	—	46137V100

Decreased Positions (96)

SIMO SILICON MOTION TECHNOLOGY CO 1.8%

Value $41.3M (+45.9%) Shares 123,895 (-50.9%) Est. Cost $62.29 Unrealized —

LINC LINCOLN EDL SVCS CORP 0.2%

Value $4.99M (-65.7%) Shares 100,000 (-72.0%) Est. Cost $4.63 Unrealized —

ECPG ENCORE CAP GROUP INC 1.5%

Value $33.85M (+24.3%) Shares 362,825 (-6.6%) Est. Cost $43.62 Unrealized —

NWPX NWPX INFRASTRUCTURE INC 0.9%

Value $20.99M (+34.8%) Shares 140,000 (-30.0%) Est. Cost $22.20 Unrealized —

BRC BRADY CORP 0.1%

Value $3.316M (-61.8%) Shares 36,208 (-66.1%) Est. Cost $58.55 Unrealized —

CGAU CENTERRA GOLD INC 1.5%

Value $34.08M (-13.6%) Shares 2,148,931 (-3.0%) Est. Cost $7.14 Unrealized —

MTRN MATERION CORP 0.5%

Value $12.06M (+72.4%) Shares 40,550 (-16.1%) Est. Cost $113.18 Unrealized —

PBH PRESTIGE CONSMR HEALTHCARE I 0.0%

Value $360K (-92.4%) Shares 7,606 (-90.5%) Est. Cost $76.25 Unrealized —

MGY MAGNOLIA OIL & GAS CORP 0.7%

Value $15.74M (-20.9%) Shares 615,475 (-2.4%) Est. Cost $22.84 Unrealized —

ON ON SEMICONDUCTOR CORP 0.2%

Value $4.946M (-43.3%) Shares 52,312 (-62.9%) Est. Cost $68.77 Unrealized —

GTES GATES INDL CORP PLC 1.0%

Value $21.89M (+20.5%) Shares 782,644 (-2.6%) Est. Cost $18.63 Unrealized —

SMTC SEMTECH CORP 0.4%

Value $7.861M (+81.8%) Shares 48,572 (-13.7%) Est. Cost $40.51 Unrealized —

AOS SMITH A O CORP 0.2%

Value $5.237M (-39.2%) Shares 83,505 (-36.1%) Est. Cost $62.72 Unrealized —

GWRS GLOBAL WTR RES INC 0.1%

Value $2.952M (-53.2%) Shares 407,741 (-50.9%) Est. Cost $10.14 Unrealized —

PHIN PHINIA INC 0.9%

Value $20.78M (+18.0%) Shares 252,333 (-1.9%) Est. Cost $48.91 Unrealized —

INGR INGREDION INC 0.2%

Value $5.459M (-36.1%) Shares 57,643 (-24.0%) Est. Cost $110.25 Unrealized —

ASB ASSOCIATED BANC-CORP 1.1%

Value $25.72M (+13.6%) Shares 835,979 (-4.6%) Est. Cost $19.52 Unrealized —

FE FIRSTENERGY CORP 0.5%

Value $10.36M (-22.1%) Shares 217,875 (-17.0%) Est. Cost $35.54 Unrealized —

LDOS LEIDOS HOLDINGS INC 0.1%

Value $3.201M (-47.9%) Shares 31,089 (-21.3%) Est. Cost $100.13 Unrealized —

MTDR MATADOR RES CO 0.3%

Value $6.686M (-30.5%) Shares 134,318 (-11.8%) Est. Cost $51.10 Unrealized —

FOR FORESTAR GROUP INC 0.7%

Value $15.03M (+21.7%) Shares 474,813 (-6.0%) Est. Cost $20.57 Unrealized —

TCBI TEXAS CAP BANCSHARES INC 1.3%

Value $28.99M (-8.3%) Shares 280,763 (-15.8%) Est. Cost $60.39 Unrealized —

INBK FIRST INTERNET BANCORP 0.5%

Value $10.45M (+33.2%) Shares 375,900 (-2.3%) Est. Cost $26.26 Unrealized —

CPT CAMDEN PPTY TR 0.9%

Value $20.82M (+13.9%) Shares 181,848 (-2.8%) Est. Cost $98.72 Unrealized —

JBHT HUNT J B TRANS SVCS INC 1.0%

Value $21.8M (+13.2%) Shares 75,308 (-17.2%) Est. Cost $174.97 Unrealized —

MUSA MURPHY USA INC 0.4%

Value $9.555M (-19.6%) Shares 17,732 (-26.3%) Est. Cost $412.78 Unrealized —

KEYS KEYSIGHT TECHNOLOGIES INC 0.6%

Value $13.78M (+19.9%) Shares 39,354 (-3.3%) Est. Cost $215.65 Unrealized —

LSCC LATTICE SEMICONDUCTOR CORP 0.4%

Value $8.254M (+38.2%) Shares 53,964 (-16.2%) Est. Cost $52.45 Unrealized —

SXT SENSIENT TECHNOLOGIES CORP 0.4%

Value $7.989M (+36.3%) Shares 64,798 (-4.4%) Est. Cost $71.76 Unrealized —

GBCI GLACIER BANCORP INC NEW 0.8%

Value $18.66M (+12.3%) Shares 361,699 (-2.8%) Est. Cost $33.25 Unrealized —

WSO WATSCO INC 0.9%

Value $20.78M (+10.7%) Shares 49,860 (-3.4%) Est. Cost $365.96 Unrealized —

NTRS NORTHERN TR CORP 0.5%

Value $11.46M (+21.1%) Shares 65,924 (-2.7%) Est. Cost $74.95 Unrealized —

SYY SYSCO CORP 0.5%

Value $11.64M (-14.4%) Shares 139,290 (-26.9%) Est. Cost $75.16 Unrealized —

NOV NOV INC 0.9%

Value $20.56M (-8.5%) Shares 1,108,587 (-7.2%) Est. Cost $16.24 Unrealized —

CMCO COLUMBUS MCKINNON CORP N Y 0.4%

Value $8.242M (-18.3%) Shares 544,750 (-21.5%) Est. Cost $23.66 Unrealized —

THO THOR INDS INC 0.6%

Value $12.86M (-12.3%) Shares 171,154 (-6.7%) Est. Cost $93.42 Unrealized —

ICHR ICHOR HOLDINGS 0.3%

Value $7.579M (-18.7%) Shares 67,500 (-66.3%) Est. Cost $18.54 Unrealized —

CTOS CUSTOM TRUCK ONE SOURCE INC 0.4%

Value $8.267M (+25.8%) Shares 700,000 (-30.0%) Est. Cost $5.61 Unrealized —

LFUS LITTELFUSE INC 0.5%

Value $10.79M (+18.5%) Shares 23,703 (-11.7%) Est. Cost $233.53 Unrealized —

DHI D R HORTON INC 0.5%

Value $11.87M (+16.2%) Shares 72,847 (-2.1%) Est. Cost $127.97 Unrealized —

CTBI COMMUNITY TR BANCORP INC 0.5%

Value $11.88M (+15.6%) Shares 164,210 (-3.0%) Est. Cost $37.45 Unrealized —

AMAT APPLIED MATLS INC 0.1%

Value $1.127M (-57.7%) Shares 1,559 (-80.0%) Est. Cost $162.38 Unrealized —

TXN TEXAS INSTRS INC 0.2%

Value $4.396M (+51.9%) Shares 14,747 (-1.1%) Est. Cost $159.73 Unrealized —

GOOGL ALPHABET INC 0.4%

Value $10.06M (+17.0%) Shares 28,144 (-5.9%) Est. Cost $109.35 Unrealized —

SF STIFEL FINL CORP 0.4%

Value $8.488M (-14.4%) Shares 121,653 (-9.3%) Est. Cost $96.63 Unrealized —

LAMR LAMAR ADVERTISING CO 0.5%

Value $10.94M (+15.0%) Shares 70,116 (-6.7%) Est. Cost $85.08 Unrealized —

GO GROCERY OUTLET HLDG CORP 0.3%

Value $6.606M (+26.6%) Shares 661,900 (-10.5%) Est. Cost $13.64 Unrealized —

EPAC ENERPAC TOOL GROUP CORP 0.1%

Value $2.525M (-35.4%) Shares 70,402 (-34.3%) Est. Cost $19.75 Unrealized —

COO COOPER COS INC 0.7%

Value $14.62M (-7.8%) Shares 203,834 (-8.0%) Est. Cost $75.98 Unrealized —

PNC PNC FINL SVCS GROUP INC 0.4%

Value $9.198M (+14.9%) Shares 37,357 (-2.9%) Est. Cost $159.15 Unrealized —

RPRX ROYALTY PHARMA PLC 0.5%

Value $11.46M (+11.4%) Shares 204,398 (-4.7%) Est. Cost $37.26 Unrealized —

OGS ONE GAS INC 0.3%

Value $5.814M (-16.1%) Shares 75,438 (-6.2%) Est. Cost $71.12 Unrealized —

TFX TELEFLEX INCORPORATED 1.2%

Value $26.85M (+3.9%) Shares 211,848 (-1.9%) Est. Cost $129.23 Unrealized —

NVST ENVISTA HOLDINGS CORPORATION 0.4%

Value $9.285M (-9.0%) Shares 352,353 (-12.4%) Est. Cost $19.26 Unrealized —

FNB F N B CORP 0.5%

Value $10.79M (+9.3%) Shares 565,362 (-4.2%) Est. Cost $13.81 Unrealized —

EHC ENCOMPASS HEALTH CORP 0.0%

Value $424K (-68.1%) Shares 4,198 (-69.5%) Est. Cost $52.10 Unrealized —

BJ BJS WHSL CLUB HLDGS INC 0.1%

Value $2.353M (-25.6%) Shares 26,982 (-16.1%) Est. Cost $94.41 Unrealized —

BHE BENCHMARK ELECTRS INC 0.3%

Value $6.414M (+14.4%) Shares 65,000 (-35.0%) Est. Cost $26.13 Unrealized —

FCFS FIRSTCASH HOLDINGS INC 0.4%

Value $9.708M (+8.8%) Shares 44,877 (-5.4%) Est. Cost $111.05 Unrealized —

AUDC AUDIOCODES LTD 0.4%

Value $8.883M (+9.4%) Shares 917,650 (-5.0%) Est. Cost $11.10 Unrealized —

MHK MOHAWK INDS INC 0.7%

Value $15.3M (+5.2%) Shares 126,088 (-14.6%) Est. Cost $106.29 Unrealized —

LOPE GRAND CANYON ED INC 0.1%

Value $2.795M (-21.2%) Shares 19,527 (-6.4%) Est. Cost $107.08 Unrealized —

FBK FB FINL CORP 0.4%

Value $8.993M (-7.6%) Shares 162,481 (-13.3%) Est. Cost $32.76 Unrealized —

PSA PUBLIC STORAGE 1.0%

Value $22.12M (+3.5%) Shares 69,500 (-11.9%) Est. Cost $248.51 Unrealized —

HAYW HAYWARD HLDGS INC 0.2%

Value $3.967M (-14.8%) Shares 229,184 (-34.2%) Est. Cost $13.87 Unrealized —

ITGR INTEGER HLDGS CORP 1.0%

Value $22.45M (+2.9%) Shares 240,234 (-3.1%) Est. Cost $78.95 Unrealized —

CTS CTS CORP 0.3%

Value $7.034M (+9.8%) Shares 107,905 (-19.6%) Est. Cost $41.42 Unrealized —

PZZA PAPA JOHNS INTL INC 0.4%

Value $8.393M (+8.0%) Shares 228,250 (-4.8%) Est. Cost $38.95 Unrealized —

ACGL ARCH CAP GROUP LTD 0.4%

Value $9.329M (-6.1%) Shares 96,117 (-7.1%) Est. Cost $90.61 Unrealized —

GNRC GENERAC HLDGS INC 0.2%

Value $4.73M (+13.0%) Shares 16,153 (-24.6%) Est. Cost $175.19 Unrealized —

LUV SOUTHWEST AIRLS CO 0.3%

Value $6.56M (+8.9%) Shares 127,577 (-20.4%) Est. Cost $38.10 Unrealized —

AQN ALGONQUIN POWER & UTILITIES 0.4%

Value $8.011M (-6.3%) Shares 1,367,030 (-1.8%) Est. Cost $6.31 Unrealized —

ARCT ARCTURUS THERAPEUTICS HLDGS 0.1%

Value $1.474M (-25.4%) Shares 219,300 (-14.3%) Est. Cost $7.36 Unrealized —

NUE NUCOR CORP 0.4%

Value $8.117M (+6.3%) Shares 36,438 (-19.3%) Est. Cost $142.77 Unrealized —

EG EVEREST GROUP LTD 0.4%

Value $8.278M (+5.8%) Shares 23,172 (-3.2%) Est. Cost $341.22 Unrealized —

PKG PACKAGING CORP AMER 0.4%

Value $9.962M (+4.8%) Shares 41,808 (-6.7%) Est. Cost $158.88 Unrealized —

LRCX LAM RESEARCH CORP 0.1%

Value $1.423M (-23.5%) Shares 3,285 (-62.3%) Est. Cost $78.86 Unrealized —

NFGC NEW FOUND GOLD CORP 0.1%

Value $1.315M (-24.7%) Shares 854,200 (-5.2%) Est. Cost $2.27 Unrealized —

DGX QUEST DIAGNOSTICS INC 0.4%

Value $9.604M (+4.3%) Shares 45,311 (-3.6%) Est. Cost $115.92 Unrealized —

BWXT BWX TECHNOLOGIES INC 0.1%

Value $1.285M (-23.0%) Shares 6,601 (-19.1%) Est. Cost $47.06 Unrealized —

GOLF ACUSHNET HLDGS CORP 0.2%

Value $3.846M (+8.9%) Shares 32,448 (-14.1%) Est. Cost $65.15 Unrealized —

KEX KIRBY CORP 0.3%

Value $5.639M (-5.2%) Shares 41,474 (-7.4%) Est. Cost $67.31 Unrealized —

BALL BALL CORP 0.3%

Value $7.497M (-3.9%) Shares 120,139 (-9.0%) Est. Cost $56.28 Unrealized —

GVA GRANITE CONSTR INC 0.3%

Value $6.408M (+4.8%) Shares 40,539 (-20.5%) Est. Cost $34.48 Unrealized —

WH WYNDHAM HOTELS & RESORTS INC 0.2%

Value $4.553M (-5.1%) Shares 54,068 (-8.5%) Est. Cost $76.56 Unrealized —

ALK ALASKA AIR GROUP INC 0.1%

Value $1.407M (-14.4%) Shares 26,945 (-39.7%) Est. Cost $42.57 Unrealized —

PCYO PURE CYCLE CORP 0.3%

Value $6.547M (+3.8%) Shares 611,309 (-2.5%) Est. Cost $10.20 Unrealized —

FAF FIRST AMERN FINL CORP 0.1%

Value $1.45M (-10.7%) Shares 21,143 (-21.5%) Est. Cost $52.40 Unrealized —

BLDR BUILDERS FIRSTSOURCE INC 0.2%

Value $4.575M (+3.6%) Shares 51,134 (-4.7%) Est. Cost $125.50 Unrealized —

AAPL APPLE INC 0.1%

Value $1.154M (+9.8%) Shares 3,989 (-3.7%) Est. Cost $230.33 Unrealized —

LECO LINCOLN ELEC HLDGS INC 0.2%

Value $5.526M (-1.7%) Shares 20,813 (-7.8%) Est. Cost $193.16 Unrealized —

LKFN LAKELAND FINL CORP 0.1%

Value $1.435M (+6.4%) Shares 23,248 (-1.1%) Est. Cost $49.74 Unrealized —

MTN VAIL RESORTS INC 0.2%

Value $3.479M (-1.5%) Shares 25,551 (-7.2%) Est. Cost $194.79 Unrealized —

SBUX STARBUCKS CORP 0.0%

Value $426K (+12.4%) Shares 4,165 (-1.4%) Est. Cost $80.17 Unrealized —

IBKR INTERACTIVE BROKERS GROUP IN 0.0%

Value $595K (+4.5%) Shares 6,839 (-19.5%) Est. Cost $36.59 Unrealized —

CUBI CUSTOMERS BANCORP INC 0.5%

Value $11.87M (+0.1%) Shares 150,000 (-12.2%) Est. Cost $50.62 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SIMO	SILICON MOTION TECHNOLOGY CO	123,895 (-50.9%)	$41.3M (+45.9%)	1.8%	$62.29	—	SPONSORED ADR	82706C108
LINC	LINCOLN EDL SVCS CORP	100,000 (-72.0%)	$4.99M (-65.7%)	0.2%	$4.63	—	COM	533535100
ECPG	ENCORE CAP GROUP INC	362,825 (-6.6%)	$33.85M (+24.3%)	1.5%	$43.62	—	COM	292554102
NWPX	NWPX INFRASTRUCTURE INC	140,000 (-30.0%)	$20.99M (+34.8%)	0.9%	$22.20	—	COM	667746101
BRC	BRADY CORP	36,208 (-66.1%)	$3.316M (-61.8%)	0.1%	$58.55	—	CL A	104674106
CGAU	CENTERRA GOLD INC	2,148,931 (-3.0%)	$34.08M (-13.6%)	1.5%	$7.14	—	COM	152006102
MTRN	MATERION CORP	40,550 (-16.1%)	$12.06M (+72.4%)	0.5%	$113.18	—	COM	576690101
PBH	PRESTIGE CONSMR HEALTHCARE I	7,606 (-90.5%)	$360K (-92.4%)	0.0%	$76.25	—	COM	74112D101
MGY	MAGNOLIA OIL & GAS CORP	615,475 (-2.4%)	$15.74M (-20.9%)	0.7%	$22.84	—	CL A	559663109
ON	ON SEMICONDUCTOR CORP	52,312 (-62.9%)	$4.946M (-43.3%)	0.2%	$68.77	—	COM	682189105
GTES	GATES INDL CORP PLC	782,644 (-2.6%)	$21.89M (+20.5%)	1.0%	$18.63	—	ORD SHS	G39108108
SMTC	SEMTECH CORP	48,572 (-13.7%)	$7.861M (+81.8%)	0.4%	$40.51	—	COM	816850101
AOS	SMITH A O CORP	83,505 (-36.1%)	$5.237M (-39.2%)	0.2%	$62.72	—	COM	831865209
GWRS	GLOBAL WTR RES INC	407,741 (-50.9%)	$2.952M (-53.2%)	0.1%	$10.14	—	COM	379463102
PHIN	PHINIA INC	252,333 (-1.9%)	$20.78M (+18.0%)	0.9%	$48.91	—	COMMON STOCK	71880K101
INGR	INGREDION INC	57,643 (-24.0%)	$5.459M (-36.1%)	0.2%	$110.25	—	COM	457187102
ASB	ASSOCIATED BANC-CORP	835,979 (-4.6%)	$25.72M (+13.6%)	1.1%	$19.52	—	COM	045487105
FE	FIRSTENERGY CORP	217,875 (-17.0%)	$10.36M (-22.1%)	0.5%	$35.54	—	COM	337932107
LDOS	LEIDOS HOLDINGS INC	31,089 (-21.3%)	$3.201M (-47.9%)	0.1%	$100.13	—	COM	525327102
MTDR	MATADOR RES CO	134,318 (-11.8%)	$6.686M (-30.5%)	0.3%	$51.10	—	COM	576485205
FOR	FORESTAR GROUP INC	474,813 (-6.0%)	$15.03M (+21.7%)	0.7%	$20.57	—	COM	346232101
TCBI	TEXAS CAP BANCSHARES INC	280,763 (-15.8%)	$28.99M (-8.3%)	1.3%	$60.39	—	COM	88224Q107
INBK	FIRST INTERNET BANCORP	375,900 (-2.3%)	$10.45M (+33.2%)	0.5%	$26.26	—	COM	320557101
CPT	CAMDEN PPTY TR	181,848 (-2.8%)	$20.82M (+13.9%)	0.9%	$98.72	—	SH BEN INT	133131102
JBHT	HUNT J B TRANS SVCS INC	75,308 (-17.2%)	$21.8M (+13.2%)	1.0%	$174.97	—	COM	445658107
MUSA	MURPHY USA INC	17,732 (-26.3%)	$9.555M (-19.6%)	0.4%	$412.78	—	COM	626755102
KEYS	KEYSIGHT TECHNOLOGIES INC	39,354 (-3.3%)	$13.78M (+19.9%)	0.6%	$215.65	—	COM	49338L103
LSCC	LATTICE SEMICONDUCTOR CORP	53,964 (-16.2%)	$8.254M (+38.2%)	0.4%	$52.45	—	COM	518415104
SXT	SENSIENT TECHNOLOGIES CORP	64,798 (-4.4%)	$7.989M (+36.3%)	0.4%	$71.76	—	COM	81725T100
GBCI	GLACIER BANCORP INC NEW	361,699 (-2.8%)	$18.66M (+12.3%)	0.8%	$33.25	—	COM	37637Q105
WSO	WATSCO INC	49,860 (-3.4%)	$20.78M (+10.7%)	0.9%	$365.96	—	COM	942622200
NTRS	NORTHERN TR CORP	65,924 (-2.7%)	$11.46M (+21.1%)	0.5%	$74.95	—	COM	665859104
SYY	SYSCO CORP	139,290 (-26.9%)	$11.64M (-14.4%)	0.5%	$75.16	—	COM	871829107
NOV	NOV INC	1,108,587 (-7.2%)	$20.56M (-8.5%)	0.9%	$16.24	—	COM	62955J103
CMCO	COLUMBUS MCKINNON CORP N Y	544,750 (-21.5%)	$8.242M (-18.3%)	0.4%	$23.66	—	COM	199333105
THO	THOR INDS INC	171,154 (-6.7%)	$12.86M (-12.3%)	0.6%	$93.42	—	COM	885160101
ICHR	ICHOR HOLDINGS	67,500 (-66.3%)	$7.579M (-18.7%)	0.3%	$18.54	—	SHS	G4740B105
CTOS	CUSTOM TRUCK ONE SOURCE INC	700,000 (-30.0%)	$8.267M (+25.8%)	0.4%	$5.61	—	COM CL A	23204X103
LFUS	LITTELFUSE INC	23,703 (-11.7%)	$10.79M (+18.5%)	0.5%	$233.53	—	COM	537008104
DHI	D R HORTON INC	72,847 (-2.1%)	$11.87M (+16.2%)	0.5%	$127.97	—	COM	23331A109
CTBI	COMMUNITY TR BANCORP INC	164,210 (-3.0%)	$11.88M (+15.6%)	0.5%	$37.45	—	COM	204149108
AMAT	APPLIED MATLS INC	1,559 (-80.0%)	$1.127M (-57.7%)	0.1%	$162.38	—	COM	038222105
TXN	TEXAS INSTRS INC	14,747 (-1.1%)	$4.396M (+51.9%)	0.2%	$159.73	—	COM	882508104
GOOGL	ALPHABET INC	28,144 (-5.9%)	$10.06M (+17.0%)	0.4%	$109.35	—	CAP STK CL A	02079K305
SF	STIFEL FINL CORP	121,653 (-9.3%)	$8.488M (-14.4%)	0.4%	$96.63	—	COM	860630102
LAMR	LAMAR ADVERTISING CO	70,116 (-6.7%)	$10.94M (+15.0%)	0.5%	$85.08	—	CL A	512816109
GO	GROCERY OUTLET HLDG CORP	661,900 (-10.5%)	$6.606M (+26.6%)	0.3%	$13.64	—	COM	39874R101
EPAC	ENERPAC TOOL GROUP CORP	70,402 (-34.3%)	$2.525M (-35.4%)	0.1%	$19.75	—	CL A COM	292765104
COO	COOPER COS INC	203,834 (-8.0%)	$14.62M (-7.8%)	0.7%	$75.98	—	COM	216648501
PNC	PNC FINL SVCS GROUP INC	37,357 (-2.9%)	$9.198M (+14.9%)	0.4%	$159.15	—	COM	693475105
RPRX	ROYALTY PHARMA PLC	204,398 (-4.7%)	$11.46M (+11.4%)	0.5%	$37.26	—	SHS CLASS A	G7709Q104
OGS	ONE GAS INC	75,438 (-6.2%)	$5.814M (-16.1%)	0.3%	$71.12	—	COM	68235P108
TFX	TELEFLEX INCORPORATED	211,848 (-1.9%)	$26.85M (+3.9%)	1.2%	$129.23	—	COM	879369106
NVST	ENVISTA HOLDINGS CORPORATION	352,353 (-12.4%)	$9.285M (-9.0%)	0.4%	$19.26	—	COM	29415F104
FNB	F N B CORP	565,362 (-4.2%)	$10.79M (+9.3%)	0.5%	$13.81	—	COM	302520101
EHC	ENCOMPASS HEALTH CORP	4,198 (-69.5%)	$424K (-68.1%)	0.0%	$52.10	—	COM	29261A100
BJ	BJS WHSL CLUB HLDGS INC	26,982 (-16.1%)	$2.353M (-25.6%)	0.1%	$94.41	—	COM	05550J101
BHE	BENCHMARK ELECTRS INC	65,000 (-35.0%)	$6.414M (+14.4%)	0.3%	$26.13	—	COM	08160H101
FCFS	FIRSTCASH HOLDINGS INC	44,877 (-5.4%)	$9.708M (+8.8%)	0.4%	$111.05	—	COM	33768G107
AUDC	AUDIOCODES LTD	917,650 (-5.0%)	$8.883M (+9.4%)	0.4%	$11.10	—	ORD	M15342104
MHK	MOHAWK INDS INC	126,088 (-14.6%)	$15.3M (+5.2%)	0.7%	$106.29	—	COM	608190104
LOPE	GRAND CANYON ED INC	19,527 (-6.4%)	$2.795M (-21.2%)	0.1%	$107.08	—	COM	38526M106
FBK	FB FINL CORP	162,481 (-13.3%)	$8.993M (-7.6%)	0.4%	$32.76	—	COM	30257X104
PSA	PUBLIC STORAGE	69,500 (-11.9%)	$22.12M (+3.5%)	1.0%	$248.51	—	COM	74460D109
HAYW	HAYWARD HLDGS INC	229,184 (-34.2%)	$3.967M (-14.8%)	0.2%	$13.87	—	COM	421298100
ITGR	INTEGER HLDGS CORP	240,234 (-3.1%)	$22.45M (+2.9%)	1.0%	$78.95	—	COM	45826H109
CTS	CTS CORP	107,905 (-19.6%)	$7.034M (+9.8%)	0.3%	$41.42	—	COM	126501105
PZZA	PAPA JOHNS INTL INC	228,250 (-4.8%)	$8.393M (+8.0%)	0.4%	$38.95	—	COM	698813102
ACGL	ARCH CAP GROUP LTD	96,117 (-7.1%)	$9.329M (-6.1%)	0.4%	$90.61	—	ORD	G0450A105
GNRC	GENERAC HLDGS INC	16,153 (-24.6%)	$4.73M (+13.0%)	0.2%	$175.19	—	COM	368736104
LUV	SOUTHWEST AIRLS CO	127,577 (-20.4%)	$6.56M (+8.9%)	0.3%	$38.10	—	COM	844741108
AQN	ALGONQUIN POWER & UTILITIES	1,367,030 (-1.8%)	$8.011M (-6.3%)	0.4%	$6.31	—	COM	015857105
ARCT	ARCTURUS THERAPEUTICS HLDGS	219,300 (-14.3%)	$1.474M (-25.4%)	0.1%	$7.36	—	COM	03969T109
NUE	NUCOR CORP	36,438 (-19.3%)	$8.117M (+6.3%)	0.4%	$142.77	—	COM	670346105
EG	EVEREST GROUP LTD	23,172 (-3.2%)	$8.278M (+5.8%)	0.4%	$341.22	—	COM	G3223R108
PKG	PACKAGING CORP AMER	41,808 (-6.7%)	$9.962M (+4.8%)	0.4%	$158.88	—	COM	695156109
LRCX	LAM RESEARCH CORP	3,285 (-62.3%)	$1.423M (-23.5%)	0.1%	$78.86	—	COM NEW	512807306
NFGC	NEW FOUND GOLD CORP	854,200 (-5.2%)	$1.315M (-24.7%)	0.1%	$2.27	—	COM	64440N103
DGX	QUEST DIAGNOSTICS INC	45,311 (-3.6%)	$9.604M (+4.3%)	0.4%	$115.92	—	COM	74834L100
BWXT	BWX TECHNOLOGIES INC	6,601 (-19.1%)	$1.285M (-23.0%)	0.1%	$47.06	—	COM	05605H100
GOLF	ACUSHNET HLDGS CORP	32,448 (-14.1%)	$3.846M (+8.9%)	0.2%	$65.15	—	COM	005098108
KEX	KIRBY CORP	41,474 (-7.4%)	$5.639M (-5.2%)	0.3%	$67.31	—	COM	497266106
BALL	BALL CORP	120,139 (-9.0%)	$7.497M (-3.9%)	0.3%	$56.28	—	COM	058498106
GVA	GRANITE CONSTR INC	40,539 (-20.5%)	$6.408M (+4.8%)	0.3%	$34.48	—	COM	387328107
WH	WYNDHAM HOTELS & RESORTS INC	54,068 (-8.5%)	$4.553M (-5.1%)	0.2%	$76.56	—	COM	98311A105
ALK	ALASKA AIR GROUP INC	26,945 (-39.7%)	$1.407M (-14.4%)	0.1%	$42.57	—	COM	011659109
PCYO	PURE CYCLE CORP	611,309 (-2.5%)	$6.547M (+3.8%)	0.3%	$10.20	—	COM NEW	746228303
FAF	FIRST AMERN FINL CORP	21,143 (-21.5%)	$1.45M (-10.7%)	0.1%	$52.40	—	COM	31847R102
BLDR	BUILDERS FIRSTSOURCE INC	51,134 (-4.7%)	$4.575M (+3.6%)	0.2%	$125.50	—	COM	12008R107
AAPL	APPLE INC	3,989 (-3.7%)	$1.154M (+9.8%)	0.1%	$230.33	—	COM	037833100
LECO	LINCOLN ELEC HLDGS INC	20,813 (-7.8%)	$5.526M (-1.7%)	0.2%	$193.16	—	COM	533900106
LKFN	LAKELAND FINL CORP	23,248 (-1.1%)	$1.435M (+6.4%)	0.1%	$49.74	—	COM	511656100
MTN	VAIL RESORTS INC	25,551 (-7.2%)	$3.479M (-1.5%)	0.2%	$194.79	—	COM	91879Q109
SBUX	STARBUCKS CORP	4,165 (-1.4%)	$426K (+12.4%)	0.0%	$80.17	—	COM	855244109
IBKR	INTERACTIVE BROKERS GROUP IN	6,839 (-19.5%)	$595K (+4.5%)	0.0%	$36.59	—	COM CL A	45841N107
CUBI	CUSTOMERS BANCORP INC	150,000 (-12.2%)	$11.87M (+0.1%)	0.5%	$50.62	—	COM	23204G100

Unchanged Positions (78)

ALGT ALLEGIANT TRAVEL CO 1.0%

Value $21.74M Shares 184,835 Est. Cost $57.36 Unrealized —

EZPW EZCORP INC 1.1%

Value $24.4M Shares 705,906 Est. Cost $5.86 Unrealized —

ARCB ARCBEST CORP 0.7%

Value $15.79M Shares 110,000 Est. Cost $81.96 Unrealized —

MOH MOLINA HEALTHCARE INC 0.4%

Value $8.951M Shares 39,140 Est. Cost $164.37 Unrealized —

CCBG CAPITAL CITY BANK 1.1%

Value $24.71M Shares 500,000 Est. Cost $13.26 Unrealized —

HSY HERSHEY CO 0.7%

Value $15.58M Shares 88,817 Est. Cost $172.25 Unrealized —

BBSI BARRETT BUSINESS SVCS INC 0.7%

Value $15.98M Shares 450,000 Est. Cost $26.36 Unrealized —

PRIM PRIMORIS SVCS CORP 0.3%

Value $5.947M Shares 60,000 Est. Cost $32.84 Unrealized —

ARMK ARAMARK 0.4%

Value $9.1M Shares 159,926 Est. Cost $38.74 Unrealized —

TDY TELEDYNE TECHNOLOGIES INC 1.2%

Value $27.64M Shares 41,448 Est. Cost $415.29 Unrealized —

EGO ELDORADO GOLD CORP NEW 1.0%

Value $22.06M Shares 709,550 Est. Cost $16.26 Unrealized —

MCS MARCUS CORP DEL 0.3%

Value $5.982M Shares 255,000 Est. Cost $14.25 Unrealized —

TCBK TRICO BANCSHARES 0.6%

Value $13.46M Shares 250,000 Est. Cost $26.92 Unrealized —

WCC WESCO INTL INC 0.3%

Value $7.42M Shares 21,481 Est. Cost $244.94 Unrealized —

THG HANOVER INS GROUP INC 0.4%

Value $8.04M Shares 37,549 Est. Cost $107.37 Unrealized —

CSV CARRIAGE SVCS INC 0.4%

Value $7.948M Shares 207,300 Est. Cost $27.90 Unrealized —

MRTN MARTEN TRANS LTD 0.3%

Value $6.072M Shares 350,000 Est. Cost $12.42 Unrealized —

PESI PERMA-FIX ENVIRONMENTAL SVCS 0.3%

Value $5.716M Shares 400,000 Est. Cost $4.52 Unrealized —

MIDD MIDDLEBY CORP 0.2%

Value $5.607M Shares 32,599 Est. Cost $139.24 Unrealized —

CSCO CISCO SYS INC 0.2%

Value $3.67M Shares 31,248 Est. Cost $22.50 Unrealized —

HSIC SCHEIN HENRY INC 0.4%

Value $10.02M Shares 120,000 Est. Cost $70.36 Unrealized —

CWCO CONSOLIDATED WATER CO INC 0.4%

Value $8.804M Shares 298,450 Est. Cost $25.65 Unrealized —

EXC EXELON CORP 0.9%

Value $20.38M Shares 437,106 Est. Cost $40.13 Unrealized —

HFWA HERITAGE FINL CORP WASH 0.4%

Value $8.146M Shares 275,000 Est. Cost $17.07 Unrealized —

ADTN ADTRAN HOLDINGS INC 0.5%

Value $10.43M Shares 750,000 Est. Cost $9.58 Unrealized —

NIC NICOLET BANKSHARES INC 0.4%

Value $9.222M Shares 55,758 Est. Cost $143.63 Unrealized —

PPG PPG INDS INC 0.3%

Value $7.855M Shares 64,765 Est. Cost $122.51 Unrealized —

RHI ROBERT HALF INC. 0.2%

Value $5.288M Shares 172,251 Est. Cost $46.04 Unrealized —

MTG MGIC INVT CORP WIS 0.6%

Value $12.69M Shares 450,000 Est. Cost $12.47 Unrealized —

EGP EASTGROUP PPTYS INC 0.4%

Value $8.706M Shares 42,986 Est. Cost $172.39 Unrealized —

DCI DONALDSON INC 0.5%

Value $11.89M Shares 132,479 Est. Cost $66.48 Unrealized —

SLB SLB LIMITED 0.3%

Value $6.017M Shares 129,428 Est. Cost $48.30 Unrealized —

IGIC INTL GNRL INSURANCE HLDNGS L 0.3%

Value $7.851M Shares 300,000 Est. Cost $8.09 Unrealized —

SU SUNCOR ENERGY INC NEW 0.1%

Value $2.5M Shares 46,575 Est. Cost $23.22 Unrealized —

LTRX LANTRONIX INC 0.2%

Value $5.292M Shares 900,000 Est. Cost $2.96 Unrealized —

STC STEWART INFORMATION SVCS COR 0.4%

Value $8.252M Shares 125,000 Est. Cost $42.82 Unrealized —

XOM EXXON MOBIL CORP 0.1%

Value $2.251M Shares 16,467 Est. Cost $114.21 Unrealized —

QUAD QUAD / GRAPHICS INC 0.1%

Value $2.529M Shares 300,000 Est. Cost $6.77 Unrealized —

GTY GETTY RLTY CORP NEW 0.5%

Value $11.68M Shares 350,000 Est. Cost $31.80 Unrealized —

JBSS SANFILIPPO JOHN B & SON INC 0.3%

Value $6.019M Shares 70,000 Est. Cost $66.73 Unrealized —

TIPT TIPTREE INC 0.3%

Value $7.168M Shares 400,000 Est. Cost $14.12 Unrealized —

NWE NORTHWESTERN ENERGY GROUP IN 0.2%

Value $3.845M Shares 53,687 Est. Cost $58.11 Unrealized —

NEOG NEOGEN CORP 0.4%

Value $8.99M Shares 1,000,000 Est. Cost $6.29 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.2%

Value $5.035M Shares 10,062 Est. Cost $181.49 Unrealized —

JNJ JOHNSON & JOHNSON 0.3%

Value $5.722M Shares 22,532 Est. Cost $135.61 Unrealized —

CNI CANADIAN NATL RY CO 0.1%

Value $1.443M Shares 12,101 Est. Cost $95.42 Unrealized —

SSD SIMPSON MFG INC 0.0%

Value $1.021M Shares 4,877 Est. Cost $85.64 Unrealized —

UL UNILEVER PLC 0.2%

Value $3.644M Shares 60,605 Est. Cost $65.24 Unrealized —

ORI OLD REP INTL CORP 0.3%

Value $7.026M Shares 171,689 Est. Cost $13.89 Unrealized —

GOOG ALPHABET INC 0.0%

Value $802K Shares 2,271 Est. Cost $212.23 Unrealized —

BCHT BIRCHTECH CORP 0.1%

Value $2.05M Shares 1,000,000 Est. Cost $3.58 Unrealized —

TEL TE CONNECTIVITY PLC 0.2%

Value $3.693M Shares 18,319 Est. Cost $147.15 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.0%

Value $393K Shares 945 Est. Cost $298.94 Unrealized —

KNF KNIFE RIVER CORP 0.2%

Value $5.019M Shares 60,000 Est. Cost $53.74 Unrealized —

WTRG ESSENTIAL UTILS INC 0.1%

Value $1.743M Shares 45,489 Est. Cost $38.12 Unrealized —

V VISA INC 0.0%

Value $654K Shares 1,905 Est. Cost $345.14 Unrealized —

CVX CHEVRON CORPORATION 0.0%

Value $199K Shares 1,200 Est. Cost $137.00 Unrealized —

JPM JPMORGAN CHASE & CO 0.0%

Value $421K Shares 1,285 Est. Cost $307.61 Unrealized —

MCD MCDONALDS CORP 0.0%

Value $265K Shares 980 Est. Cost $301.40 Unrealized —

ADI ANALOG DEVICES INC 0.0%

Value $173K Shares 435 Est. Cost $238.95 Unrealized —

NVDA NVIDIA CORPORATION 0.0%

Value $266K Shares 1,330 Est. Cost $186.63 Unrealized —

HD HOME DEPOT INC 0.0%

Value $437K Shares 1,239 Est. Cost $373.06 Unrealized —

PEP PEPSICO INC 0.0%

Value $135K Shares 1,000 Est. Cost $140.43 Unrealized —

ITW ILLINOIS TOOL WKS INC 0.0%

Value $460K Shares 1,700 Est. Cost $244.54 Unrealized —

UNP UNION PAC CORP 0.0%

Value $156K Shares 575 Est. Cost $223.15 Unrealized —

USB US BANCORP 0.0%

Value $121K Shares 2,000 Est. Cost $40.76 Unrealized —

ABT ABBOTT LABORATORIES 0.0%

Value $122K Shares 1,350 Est. Cost $130.60 Unrealized —

VB VANGUARD INDEX FDS 0.0%

Value $112K Shares 371 Est. Cost $254.28 Unrealized —

IQLT ISHARES TR 0.0%

Value $213K Shares 4,299 Est. Cost $44.19 Unrealized —

IVV ISHARES TR 0.0%

Value $105K Shares 140 Est. Cost $669.30 Unrealized —

NEE NEXTERA ENERGY INC 0.0%

Value $228K Shares 2,600 Est. Cost $72.21 Unrealized —

CEG CONSTELLATION ENERGY CORP 0.0%

Value $75,256 Shares 303 Est. Cost $59.56 Unrealized —

PG PROCTER & GAMBLE CO 0.0%

Value $540K Shares 3,683 Est. Cost $154.81 Unrealized —

WFC WELLS FARGO & CO 0.0%

Value $165K Shares 2,000 Est. Cost $71.15 Unrealized —

MSFT MICROSOFT CORP 0.1%

Value $1.141M Shares 3,060 Est. Cost $504.39 Unrealized —

AGG ISHARES TR 0.2%

Value $5.296M Shares 53,502 Est. Cost $99.97 Unrealized —

ORCL ORACLE CORP 0.0%

Value $43,965 Shares 300 Est. Cost $169.61 Unrealized —

BLK BLACKROCK INC 0.0%

Value $313K Shares 325 Est. Cost $1108.77 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ALGT	ALLEGIANT TRAVEL CO	184,835	$21.74M	1.0%	$57.36	—	COM	01748X102
EZPW	EZCORP INC	705,906	$24.4M	1.1%	$5.86	—	CL A NON VTG	302301106
ARCB	ARCBEST CORP	110,000	$15.79M	0.7%	$81.96	—	COM	03937C105
MOH	MOLINA HEALTHCARE INC	39,140	$8.951M	0.4%	$164.37	—	COM	60855R100
CCBG	CAPITAL CITY BANK	500,000	$24.71M	1.1%	$13.26	—	COM	139674105
HSY	HERSHEY CO	88,817	$15.58M	0.7%	$172.25	—	COM	427866108
BBSI	BARRETT BUSINESS SVCS INC	450,000	$15.98M	0.7%	$26.36	—	COM	068463108
PRIM	PRIMORIS SVCS CORP	60,000	$5.947M	0.3%	$32.84	—	COM	74164F103
ARMK	ARAMARK	159,926	$9.1M	0.4%	$38.74	—	COM	03852U106
TDY	TELEDYNE TECHNOLOGIES INC	41,448	$27.64M	1.2%	$415.29	—	COM	879360105
EGO	ELDORADO GOLD CORP NEW	709,550	$22.06M	1.0%	$16.26	—	COM	284902509
MCS	MARCUS CORP DEL	255,000	$5.982M	0.3%	$14.25	—	COM	566330106
TCBK	TRICO BANCSHARES	250,000	$13.46M	0.6%	$26.92	—	COM	896095106
WCC	WESCO INTL INC	21,481	$7.42M	0.3%	$244.94	—	COM	95082P105
THG	HANOVER INS GROUP INC	37,549	$8.04M	0.4%	$107.37	—	COM	410867105
CSV	CARRIAGE SVCS INC	207,300	$7.948M	0.4%	$27.90	—	COM	143905107
MRTN	MARTEN TRANS LTD	350,000	$6.072M	0.3%	$12.42	—	COM	573075108
PESI	PERMA-FIX ENVIRONMENTAL SVCS	400,000	$5.716M	0.3%	$4.52	—	COM NEW	714157203
MIDD	MIDDLEBY CORP	32,599	$5.607M	0.2%	$139.24	—	COM	596278101
CSCO	CISCO SYS INC	31,248	$3.67M	0.2%	$22.50	—	COM	17275R102
HSIC	SCHEIN HENRY INC	120,000	$10.02M	0.4%	$70.36	—	COM	806407102
CWCO	CONSOLIDATED WATER CO INC	298,450	$8.804M	0.4%	$25.65	—	ORD	G23773107
EXC	EXELON CORP	437,106	$20.38M	0.9%	$40.13	—	COM	30161N101
HFWA	HERITAGE FINL CORP WASH	275,000	$8.146M	0.4%	$17.07	—	COM	42722X106
ADTN	ADTRAN HOLDINGS INC	750,000	$10.43M	0.5%	$9.58	—	COM	00486H105
NIC	NICOLET BANKSHARES INC	55,758	$9.222M	0.4%	$143.63	—	COM	65406E102
PPG	PPG INDS INC	64,765	$7.855M	0.3%	$122.51	—	COM	693506107
RHI	ROBERT HALF INC.	172,251	$5.288M	0.2%	$46.04	—	COM	770323103
MTG	MGIC INVT CORP WIS	450,000	$12.69M	0.6%	$12.47	—	COM	552848103
EGP	EASTGROUP PPTYS INC	42,986	$8.706M	0.4%	$172.39	—	COM	277276101
DCI	DONALDSON INC	132,479	$11.89M	0.5%	$66.48	—	COM	257651109
SLB	SLB LIMITED	129,428	$6.017M	0.3%	$48.30	—	COM STK	806857108
IGIC	INTL GNRL INSURANCE HLDNGS L	300,000	$7.851M	0.3%	$8.09	—	SHS	G4809J106
SU	SUNCOR ENERGY INC NEW	46,575	$2.5M	0.1%	$23.22	—	COM	867224107
LTRX	LANTRONIX INC	900,000	$5.292M	0.2%	$2.96	—	COM NEW	516548203
STC	STEWART INFORMATION SVCS COR	125,000	$8.252M	0.4%	$42.82	—	COM	860372101
XOM	EXXON MOBIL CORP	16,467	$2.251M	0.1%	$114.21	—	COM	30231G102
QUAD	QUAD / GRAPHICS INC	300,000	$2.529M	0.1%	$6.77	—	COM CL A	747301109
GTY	GETTY RLTY CORP NEW	350,000	$11.68M	0.5%	$31.80	—	COM	374297109
JBSS	SANFILIPPO JOHN B & SON INC	70,000	$6.019M	0.3%	$66.73	—	COM	800422107
TIPT	TIPTREE INC	400,000	$7.168M	0.3%	$14.12	—	COM	88822Q103
NWE	NORTHWESTERN ENERGY GROUP IN	53,687	$3.845M	0.2%	$58.11	—	COM NEW	668074305
NEOG	NEOGEN CORP	1,000,000	$8.99M	0.4%	$6.29	—	COM	640491106
BRK/B	BERKSHIRE HATHAWAY INC DEL	10,062	$5.035M	0.2%	$181.49	—	CL B NEW	084670702
JNJ	JOHNSON & JOHNSON	22,532	$5.722M	0.3%	$135.61	—	COM	478160104
CNI	CANADIAN NATL RY CO	12,101	$1.443M	0.1%	$95.42	—	COM	136375102
SSD	SIMPSON MFG INC	4,877	$1.021M	0.0%	$85.64	—	COM	829073105
UL	UNILEVER PLC	60,605	$3.644M	0.2%	$65.24	—	SPON ADR NEW	904767803
ORI	OLD REP INTL CORP	171,689	$7.026M	0.3%	$13.89	—	COM	680223104
GOOG	ALPHABET INC	2,271	$802K	0.0%	$212.23	—	CAP STK CL C	02079K107
BCHT	BIRCHTECH CORP	1,000,000	$2.05M	0.1%	$3.58	—	COM SHS	59833H200
TEL	TE CONNECTIVITY PLC	18,319	$3.693M	0.2%	$147.15	—	ORD SHS	G87052109
UNH	UNITEDHEALTH GROUP INC	945	$393K	0.0%	$298.94	—	COM	91324P102
KNF	KNIFE RIVER CORP	60,000	$5.019M	0.2%	$53.74	—	COMMON STOCK	498894104
WTRG	ESSENTIAL UTILS INC	45,489	$1.743M	0.1%	$38.12	—	COM	29670G102
V	VISA INC	1,905	$654K	0.0%	$345.14	—	COM CL A	92826C839
CVX	CHEVRON CORPORATION	1,200	$199K	0.0%	$137.00	—	COM	166764100
JPM	JPMORGAN CHASE & CO	1,285	$421K	0.0%	$307.61	—	COM	46625H100
MCD	MCDONALDS CORP	980	$265K	0.0%	$301.40	—	COM	580135101
ADI	ANALOG DEVICES INC	435	$173K	0.0%	$238.95	—	COM	032654105
NVDA	NVIDIA CORPORATION	1,330	$266K	0.0%	$186.63	—	COM	67066G104
HD	HOME DEPOT INC	1,239	$437K	0.0%	$373.06	—	COM	437076102
PEP	PEPSICO INC	1,000	$135K	0.0%	$140.43	—	COM	713448108
ITW	ILLINOIS TOOL WKS INC	1,700	$460K	0.0%	$244.54	—	COM	452308109
UNP	UNION PAC CORP	575	$156K	0.0%	$223.15	—	COM	907818108
USB	US BANCORP	2,000	$121K	0.0%	$40.76	—	COM NEW	902973304
ABT	ABBOTT LABORATORIES	1,350	$122K	0.0%	$130.60	—	COM	002824100
VB	VANGUARD INDEX FDS	371	$112K	0.0%	$254.28	—	SMALL CP ETF	922908751
IQLT	ISHARES TR	4,299	$213K	0.0%	$44.19	—	MSCI INTL QUALTY	46434V456
IVV	ISHARES TR	140	$105K	0.0%	$669.30	—	CORE S&P500 ETF	464287200
NEE	NEXTERA ENERGY INC	2,600	$228K	0.0%	$72.21	—	COM	65339F101
CEG	CONSTELLATION ENERGY CORP	303	$75,256	0.0%	$59.56	—	COM	21037T109
PG	PROCTER & GAMBLE CO	3,683	$540K	0.0%	$154.81	—	COM	742718109
WFC	WELLS FARGO & CO	2,000	$165K	0.0%	$71.15	—	COM	949746101
MSFT	MICROSOFT CORP	3,060	$1.141M	0.1%	$504.39	—	COM	594918104
AGG	ISHARES TR	53,502	$5.296M	0.2%	$99.97	—	CORE US AGGBD ET	464287226
ORCL	ORACLE CORP	300	$43,965	0.0%	$169.61	—	COM	68389X105
BLK	BLACKROCK INC	325	$313K	0.0%	$1108.77	—	COM	09290D101