Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ZTS	ZOETIS INC	1,930,651	$139M	1.0%	—	—	CL A	98978V103
COF	CAPITAL ONE FINL CORP	285,259	$57.23M	0.4%	—	—	COM	14040H105
VEA	VANGUARD TAX-MANAGED FDS	651,601	$46.43M	0.3%	—	—	VAN FTSE DEV MKT	921943858
ACWI	ISHARES TR	120,150	$18.86M	0.1%	—	—	MSCI ACWI ETF	464288257
IUSV	ISHARES TR	153,901	$16.95M	0.1%	—	—	CORE S&P US VLU	464287663
FBIN	FORTUNE BRANDS INNOVATIONS I	96,919	$5.321M	0.0%	—	—	COM	34964C106
BRO	BROWN & BROWN INC	62,114	$3.985M	0.0%	—	—	COM	115236101
VWO	VANGUARD INTL EQUITY INDEX F	59,946	$3.578M	0.0%	—	—	FTSE EMR MKT ETF	922042858
COO	COOPER COS INC	47,938	$3.438M	0.0%	—	—	COM	216648501
ZBRA	ZEBRA TECHNOLOGIES CORPORATI	11,794	$3.105M	0.0%	—	—	CL A	989207105
EFA	ISHARES TR	28,572	$2.968M	0.0%	—	—	MSCI EAFE ETF	464287465
MAT	MATTEL INC	192,399	$2.67M	0.0%	—	—	COM	577081102
IWB	ISHARES TR	2,428	$994K	0.0%	—	—	RUS 1000 ETF	464287622
FDXF	FEDEX FGHT HLDG CO INC	3,481	$526K	0.0%	—	—	COMMON STOCK	314352105
VEU	VANGUARD INTL EQUITY INDEX F	3,376	$283K	0.0%	—	—	ALLWRLD EX US	922042775
EEM	ISHARES TR	3,509	$240K	0.0%	—	—	MSCI EMG MKT ETF	464287234
E	ENI SPA	4,660	$218K	0.0%	—	—	SPONSORED ADR	26874R108
UWMC	UWM HOLDINGS CORPORATION ⚠	10,471,859	$0	0.0%	—	—	COM CL A	91823B109

Increased Positions (96)

CNH CNH INDL N V 1.7%

Value $246M (+721.1%) Shares 21,878,681 (+704.3%) Est. Cost — Unrealized —

CPB THE CAMPBELLS COMPANY 1.0%

Value $141M (+3688.5%) Shares 6,334,950 (+3688.5%) Est. Cost — Unrealized —

MHK MOHAWK INDS INC 2.4%

Value $339M (+31.7%) Shares 2,797,526 (+6.8%) Est. Cost — Unrealized —

INGR INGREDION INC 0.8%

Value $116M (+82.2%) Shares 1,227,467 (+116.8%) Est. Cost — Unrealized —

EFX EQUIFAX INC 1.3%

Value $183M (+35.9%) Shares 1,152,350 (+54.2%) Est. Cost — Unrealized —

CAE CAE INC 3.2%

Value $461M (+11.5%) Shares 18,397,515 (+15.9%) Est. Cost — Unrealized —

EMBJ EMBRAER S.A. 2.7%

Value $385M (+13.8%) Shares 6,036,219 (+5.8%) Est. Cost — Unrealized —

PBH PRESTIGE CONSMR HEALTHCARE I 0.7%

Value $96.95M (+91.5%) Shares 2,051,060 (+140.1%) Est. Cost — Unrealized —

EPC EDGEWELL PERSONAL CARE CO 1.3%

Value $190M (+32.2%) Shares 7,059,831 (+5.0%) Est. Cost — Unrealized —

WKC WORLD KINECT CORPORATION 1.0%

Value $145M (+46.4%) Shares 4,399,303 (+2.6%) Est. Cost — Unrealized —

GLOB GLOBANT S A 0.8%

Value $116M (-26.7%) Shares 4,000,333 (+16.8%) Est. Cost — Unrealized —

SMG SCOTTS MIRACLE-GRO CO 0.6%

Value $90.98M (+85.0%) Shares 1,335,820 (+65.2%) Est. Cost — Unrealized —

JBS JBS N.V. 0.6%

Value $91.17M (+70.2%) Shares 7,693,893 (+158.0%) Est. Cost — Unrealized —

NTES NETEASE COM INC 0.3%

Value $48.5M (+296.0%) Shares 378,489 (+246.0%) Est. Cost — Unrealized —

CPA COPA HOLDINGS SA 0.8%

Value $120M (+43.1%) Shares 769,630 (+4.5%) Est. Cost — Unrealized —

AJG GALLAGHER ARTHUR J & CO 1.3%

Value $187M (+22.9%) Shares 813,014 (+15.9%) Est. Cost — Unrealized —

CAG CONAGRA BRANDS INC 0.2%

Value $31.59M (+1252.0%) Shares 2,346,639 (+1479.1%) Est. Cost — Unrealized —

AZO AUTOZONE INC 0.5%

Value $74.77M (+47.1%) Shares 23,388 (+55.5%) Est. Cost — Unrealized —

GRFS GRIFOLS S A 1.9%

Value $268M (-8.1%) Shares 37,816,285 (+4.1%) Est. Cost — Unrealized —

BRC BRADY CORP 0.2%

Value $28.31M (+487.5%) Shares 309,201 (+421.3%) Est. Cost — Unrealized —

SYY SYSCO CORP 0.6%

Value $86.78M (+34.3%) Shares 1,038,308 (+14.6%) Est. Cost — Unrealized —

OTEX OPEN TEXT CORP 2.0%

Value $289M (+7.2%) Shares 13,061,929 (+7.6%) Est. Cost — Unrealized —

SNN SMITH & NEPHEW PLC 0.4%

Value $61.91M (+45.1%) Shares 2,148,731 (+60.1%) Est. Cost — Unrealized —

CVX CHEVRON CORPORATION 0.6%

Value $80.98M (-19.0%) Shares 488,526 (+1.1%) Est. Cost — Unrealized —

DEO DIAGEO PLC 0.4%

Value $54.74M (+46.5%) Shares 680,973 (+35.7%) Est. Cost — Unrealized —

KSPI KASPI KZ JSC 0.5%

Value $72.23M (+31.1%) Shares 833,669 (+12.0%) Est. Cost — Unrealized —

UBS UBS GROUP AG 0.5%

Value $69.32M (+29.6%) Shares 1,398,641 (+2.2%) Est. Cost — Unrealized —

TAP MOLSON COORS BEVERAGE CO 0.6%

Value $86.21M (+22.1%) Shares 2,212,781 (+35.0%) Est. Cost — Unrealized —

SON SONOCO PRODS CO 0.3%

Value $37.45M (+71.5%) Shares 664,560 (+64.6%) Est. Cost — Unrealized —

CX CEMEX SA EURO MTN BE 144A 0.8%

Value $119M (+14.8%) Shares 9,957,989 (+9.4%) Est. Cost — Unrealized —

PZZA PAPA JOHNS INTL INC 0.7%

Value $100M (+17.7%) Shares 2,730,683 (+3.7%) Est. Cost — Unrealized —

SAP SAP SE 0.7%

Value $94.63M (+18.7%) Shares 614,006 (+31.8%) Est. Cost — Unrealized —

BDX BECTON DICKINSON & CO 1.8%

Value $253M (+6.2%) Shares 1,671,540 (+10.3%) Est. Cost — Unrealized —

NICE NICE LTD 1.8%

Value $260M (+5.8%) Shares 2,861,960 (+28.4%) Est. Cost — Unrealized —

VIV TELEFONICA BRASIL SA 0.4%

Value $52.17M (+33.8%) Shares 3,963,967 (+61.8%) Est. Cost — Unrealized —

LKQ LKQ CORP 0.4%

Value $60.64M (+26.8%) Shares 2,303,156 (+41.5%) Est. Cost — Unrealized —

SSNC SS&C TECH HLDGS 0.6%

Value $90.85M (+11.5%) Shares 1,464,214 (+21.4%) Est. Cost — Unrealized —

KVUE KENVUE INC 0.5%

Value $69.38M (+15.5%) Shares 3,630,495 (+4.2%) Est. Cost — Unrealized —

TAK TAKEDA PHARMACEUTICAL CO LTD 0.5%

Value $72.77M (-11.3%) Shares 4,539,347 (+2.5%) Est. Cost — Unrealized —

IFF INTERNATIONAL FLAVORS&FRAGRA 0.6%

Value $89.4M (+11.5%) Shares 1,128,458 (+2.1%) Est. Cost — Unrealized —

BABA ALIBABA GROUP HLDG LTD 0.6%

Value $92.36M (+10.5%) Shares 962,215 (+44.5%) Est. Cost — Unrealized —

HMC HONDA MOTOR CO LTD 0.3%

Value $38.3M (+28.1%) Shares 1,412,621 (+14.9%) Est. Cost — Unrealized —

QRVO QORVO INC 0.3%

Value $44.16M (+22.7%) Shares 473,474 (+1.8%) Est. Cost — Unrealized —

FMS FRESENIUS MEDICAL CARE AG 0.3%

Value $43.32M (+19.2%) Shares 1,916,090 (+18.9%) Est. Cost — Unrealized —

ELAN ELANCO ANIMAL HEALTH INC 0.5%

Value $73.14M (+10.0%) Shares 2,972,036 (+6.9%) Est. Cost — Unrealized —

WTW WILLIS TOWERS WATSON PLC LTD 0.6%

Value $80.47M (-7.4%) Shares 307,861 (+3.0%) Est. Cost — Unrealized —

HDB HDFC BANK LTD 0.1%

Value $9.207M (+210.4%) Shares 356,454 (+199.0%) Est. Cost — Unrealized —

AOUT AMERICAN OUTDOOR BRANDS INC 0.2%

Value $28.9M (+27.4%) Shares 2,461,409 (+1.3%) Est. Cost — Unrealized —

OGN ORGANON & CO 0.1%

Value $9.877M (+138.4%) Shares 729,502 (+5.5%) Est. Cost — Unrealized —

PHG KONINKLIJKE PHILIPS N V 0.4%

Value $60.1M (+10.3%) Shares 2,210,252 (+11.1%) Est. Cost — Unrealized —

JPM JPMORGAN CHASE & CO 0.3%

Value $48.29M (+12.7%) Shares 147,529 (+1.3%) Est. Cost — Unrealized —

UTMD UTAH MED PRODS INC 0.2%

Value $32.78M (+17.7%) Shares 475,158 (+5.8%) Est. Cost — Unrealized —

LH LABCORP HOLDINGS INC 0.5%

Value $69.87M (+6.7%) Shares 249,524 (+1.7%) Est. Cost — Unrealized —

ENIC ENEL CHILE SA 0.2%

Value $27.82M (+17.5%) Shares 6,181,677 (+2.9%) Est. Cost — Unrealized —

AMX AMERICA MOVIL SAB DE CV 0.6%

Value $80.4M (+4.6%) Shares 3,093,426 (+2.6%) Est. Cost — Unrealized —

FTRE FORTREA HLDGS INC 0.0%

Value $5.836M (+101.6%) Shares 335,408 (+9.2%) Est. Cost — Unrealized —

SNY SANOFI SA 1.2%

Value $176M (-1.6%) Shares 4,136,417 (+11.1%) Est. Cost — Unrealized —

WPP WPP PLC NEW 0.1%

Value $16.57M (+18.6%) Shares 1,069,789 (+19.0%) Est. Cost — Unrealized —

GSK GSK PLC 0.5%

Value $77.75M (-3.0%) Shares 1,483,198 (+2.1%) Est. Cost — Unrealized —

NVS NOVARTIS AG 0.2%

Value $30.97M (+6.9%) Shares 197,593 (+4.2%) Est. Cost — Unrealized —

FFIV F5 INC 0.0%

Value $5.677M (+51.8%) Shares 13,649 (+5.6%) Est. Cost — Unrealized —

RGP RESOURCES CONNECTION INC 0.1%

Value $8.654M (+28.1%) Shares 2,036,156 (+12.4%) Est. Cost — Unrealized —

LW LAMB WESTON HLDGS INC 0.3%

Value $41.59M (+4.4%) Shares 963,237 (+2.2%) Est. Cost — Unrealized —

CTVA CORTEVA INC 0.5%

Value $76.62M (+2.2%) Shares 904,680 (+1.0%) Est. Cost — Unrealized —

OMC OMNICOM GROUP INC 0.6%

Value $84.72M (-1.8%) Shares 1,163,286 (+1.5%) Est. Cost — Unrealized —

ALSN ALLISON TRANSMISSION HLDGS I 0.4%

Value $57.13M (-2.6%) Shares 506,716 (+1.2%) Est. Cost — Unrealized —

AVT AVNET INC 0.0%

Value $3.767M (+61.9%) Shares 42,412 (+12.3%) Est. Cost — Unrealized —

OMF ONEMAIN HLDGS INC 0.1%

Value $7.595M (+21.6%) Shares 124,570 (+6.7%) Est. Cost — Unrealized —

CFG CITIZENS FINL GROUP INC 0.0%

Value $5.894M (+29.3%) Shares 84,109 (+10.7%) Est. Cost — Unrealized —

ZBH ZIMMER BIOMET HOLDINGS INC 0.0%

Value $6.709M (+24.8%) Shares 77,925 (+31.1%) Est. Cost — Unrealized —

LEVI LEVI STRAUSS & CO NEW 0.0%

Value $3.491M (+51.4%) Shares 140,605 (+12.8%) Est. Cost — Unrealized —

KOF COCA-COLA FEMSA SAB DE CV 0.0%

Value $4.146M (+37.6%) Shares 39,019 (+26.4%) Est. Cost — Unrealized —

XRAY DENTSPLY SIRONA INC 0.1%

Value $11.97M (+9.8%) Shares 1,127,712 (+20.1%) Est. Cost — Unrealized —

IPGP IPG PHOTONICS CORP 0.1%

Value $12.11M (+8.8%) Shares 103,219 (+6.3%) Est. Cost — Unrealized —

SHC SOTERA HEALTH CO 0.0%

Value $3.354M (+39.0%) Shares 188,969 (+12.3%) Est. Cost — Unrealized —

BAP CREDICORP LTD 0.0%

Value $5.847M (+18.3%) Shares 15,006 (+3.0%) Est. Cost — Unrealized —

TLK TELEKOMUNIKASI IND 0.0%

Value $2.258M (-27.1%) Shares 168,141 (+1.4%) Est. Cost — Unrealized —

SEIC SEI INVTS CO 0.0%

Value $4.02M (+26.2%) Shares 45,834 (+12.9%) Est. Cost — Unrealized —

FMX FOMENTO ECONOMICO MEXICANO S 0.0%

Value $3.332M (+32.5%) Shares 26,048 (+15.0%) Est. Cost — Unrealized —

LSTR LANDSTAR SYS INC 0.0%

Value $2.259M (+50.4%) Shares 10,924 (+16.6%) Est. Cost — Unrealized —

TFX TELEFLEX INCORPORATED 0.0%

Value $4.705M (+18.8%) Shares 37,115 (+12.1%) Est. Cost — Unrealized —

MZTI MARZETTI COMPANY 0.0%

Value $3.048M (+27.2%) Shares 26,700 (+54.2%) Est. Cost — Unrealized —

WHR WHIRLPOOL CORP 0.0%

Value $2.733M (-18.5%) Shares 69,336 (+11.5%) Est. Cost — Unrealized —

HSIC SCHEIN HENRY INC 0.0%

Value $2.514M (+31.5%) Shares 30,099 (+16.0%) Est. Cost — Unrealized —

NGG NATIONAL GRID PLC 0.8%

Value $112M (+0.5%) Shares 1,345,982 (+2.6%) Est. Cost — Unrealized —

AGCO AGCO CORP 0.0%

Value $3.433M (+18.9%) Shares 28,681 (+15.1%) Est. Cost — Unrealized —

ARLO ARLO TECHNOLOGIES INC 1.0%

Value $145M (-0.3%) Shares 10,753,652 (+5.2%) Est. Cost — Unrealized —

TRU TRANSUNION 0.0%

Value $2.759M (+16.2%) Shares 38,243 (+11.5%) Est. Cost — Unrealized —

ORI OLD REP INTL CORP 0.0%

Value $1.855M (+14.9%) Shares 45,331 (+12.1%) Est. Cost — Unrealized —

EXE EXPAND ENERGY CORPORATION 0.0%

Value $2.725M (-5.6%) Shares 29,883 (+13.6%) Est. Cost — Unrealized —

SHG SHINHAN FINANCIAL GROUP CO L 0.0%

Value $3.435M (+4.5%) Shares 54,299 (+1.3%) Est. Cost — Unrealized —

VTMX VESTA REAL ESTATE CORP 0.0%

Value $1.859M (+5.7%) Shares 54,168 (+2.7%) Est. Cost — Unrealized —

WFG WEST FRASER TIMBER CO LTD 0.0%

Value $979K (+4.7%) Shares 14,469 (+1.0%) Est. Cost — Unrealized —

UTHR UNITED THERAPEUTICS CORP DEL 0.0%

Value $2.569M (+1.2%) Shares 4,742 (+10.8%) Est. Cost — Unrealized —

LNSR LENSAR INC 0.0%

Value $6.141M (+0.5%) Shares 1,075,400 (+4.9%) Est. Cost — Unrealized —

TSN TYSON FOODS INC 0.0%

Value $3.271M (-0.3%) Shares 57,135 (+11.6%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CNH	CNH INDL N V	21,878,681 (+704.3%)	$246M (+721.1%)	1.7%	—	—	SHS	N20944109
CPB	THE CAMPBELLS COMPANY	6,334,950 (+3688.5%)	$141M (+3688.5%)	1.0%	—	—	COM	134429109
MHK	MOHAWK INDS INC	2,797,526 (+6.8%)	$339M (+31.7%)	2.4%	—	—	COM	608190104
INGR	INGREDION INC	1,227,467 (+116.8%)	$116M (+82.2%)	0.8%	—	—	COM	457187102
EFX	EQUIFAX INC	1,152,350 (+54.2%)	$183M (+35.9%)	1.3%	—	—	COM	294429105
CAE	CAE INC	18,397,515 (+15.9%)	$461M (+11.5%)	3.2%	—	—	COM	124765108
EMBJ	EMBRAER S.A.	6,036,219 (+5.8%)	$385M (+13.8%)	2.7%	—	—	SPONSORED ADS	29082A107
PBH	PRESTIGE CONSMR HEALTHCARE I	2,051,060 (+140.1%)	$96.95M (+91.5%)	0.7%	—	—	COM	74112D101
EPC	EDGEWELL PERSONAL CARE CO	7,059,831 (+5.0%)	$190M (+32.2%)	1.3%	—	—	COM	28035Q102
WKC	WORLD KINECT CORPORATION	4,399,303 (+2.6%)	$145M (+46.4%)	1.0%	—	—	COM	981475106
GLOB	GLOBANT S A	4,000,333 (+16.8%)	$116M (-26.7%)	0.8%	—	—	COM	L44385109
SMG	SCOTTS MIRACLE-GRO CO	1,335,820 (+65.2%)	$90.98M (+85.0%)	0.6%	—	—	CL A	810186106
JBS	JBS N.V.	7,693,893 (+158.0%)	$91.17M (+70.2%)	0.6%	—	—	CL A SHS	N4732M103
NTES	NETEASE COM INC	378,489 (+246.0%)	$48.5M (+296.0%)	0.3%	—	—	SPONSORED ADS	64110W102
CPA	COPA HOLDINGS SA	769,630 (+4.5%)	$120M (+43.1%)	0.8%	—	—	CL A	P31076105
AJG	GALLAGHER ARTHUR J & CO	813,014 (+15.9%)	$187M (+22.9%)	1.3%	—	—	COM	363576109
CAG	CONAGRA BRANDS INC	2,346,639 (+1479.1%)	$31.59M (+1252.0%)	0.2%	—	—	COM	205887102
AZO	AUTOZONE INC	23,388 (+55.5%)	$74.77M (+47.1%)	0.5%	—	—	COM	053332102
GRFS	GRIFOLS S A	37,816,285 (+4.1%)	$268M (-8.1%)	1.9%	—	—	SP ADR REP B NVT	398438408
BRC	BRADY CORP	309,201 (+421.3%)	$28.31M (+487.5%)	0.2%	—	—	CL A	104674106
SYY	SYSCO CORP	1,038,308 (+14.6%)	$86.78M (+34.3%)	0.6%	—	—	COM	871829107
OTEX	OPEN TEXT CORP	13,061,929 (+7.6%)	$289M (+7.2%)	2.0%	—	—	COM	683715106
SNN	SMITH & NEPHEW PLC	2,148,731 (+60.1%)	$61.91M (+45.1%)	0.4%	—	—	SPDN ADR NEW	83175M205
CVX	CHEVRON CORPORATION	488,526 (+1.1%)	$80.98M (-19.0%)	0.6%	—	—	COM	166764100
DEO	DIAGEO PLC	680,973 (+35.7%)	$54.74M (+46.5%)	0.4%	—	—	SPON ADR NEW	25243Q205
KSPI	KASPI KZ JSC	833,669 (+12.0%)	$72.23M (+31.1%)	0.5%	—	—	SPONSORED ADS	48581R205
UBS	UBS GROUP AG	1,398,641 (+2.2%)	$69.32M (+29.6%)	0.5%	—	—	SHS	H42097107
TAP	MOLSON COORS BEVERAGE CO	2,212,781 (+35.0%)	$86.21M (+22.1%)	0.6%	—	—	CL B	60871R209
SON	SONOCO PRODS CO	664,560 (+64.6%)	$37.45M (+71.5%)	0.3%	—	—	COM	835495102
CX	CEMEX SA EURO MTN BE 144A	9,957,989 (+9.4%)	$119M (+14.8%)	0.8%	—	—	SPON ADR NEW	151290889
PZZA	PAPA JOHNS INTL INC	2,730,683 (+3.7%)	$100M (+17.7%)	0.7%	—	—	COM	698813102
SAP	SAP SE	614,006 (+31.8%)	$94.63M (+18.7%)	0.7%	—	—	SPON ADR	803054204
BDX	BECTON DICKINSON & CO	1,671,540 (+10.3%)	$253M (+6.2%)	1.8%	—	—	COM	075887109
NICE	NICE LTD	2,861,960 (+28.4%)	$260M (+5.8%)	1.8%	—	—	SPONSORED ADR	653656108
VIV	TELEFONICA BRASIL SA	3,963,967 (+61.8%)	$52.17M (+33.8%)	0.4%	—	—	SPONSORED ADS	87936R205
LKQ	LKQ CORP	2,303,156 (+41.5%)	$60.64M (+26.8%)	0.4%	—	—	COM	501889208
SSNC	SS&C TECH HLDGS	1,464,214 (+21.4%)	$90.85M (+11.5%)	0.6%	—	—	COM	78467J100
KVUE	KENVUE INC	3,630,495 (+4.2%)	$69.38M (+15.5%)	0.5%	—	—	COM	49177J102
TAK	TAKEDA PHARMACEUTICAL CO LTD	4,539,347 (+2.5%)	$72.77M (-11.3%)	0.5%	—	—	SPONSORED ADS	874060205
IFF	INTERNATIONAL FLAVORS&FRAGRA	1,128,458 (+2.1%)	$89.4M (+11.5%)	0.6%	—	—	COM	459506101
BABA	ALIBABA GROUP HLDG LTD	962,215 (+44.5%)	$92.36M (+10.5%)	0.6%	—	—	SPONSORED ADS	01609W102
HMC	HONDA MOTOR CO LTD	1,412,621 (+14.9%)	$38.3M (+28.1%)	0.3%	—	—	ADR ECH CNV IN 3	438128308
QRVO	QORVO INC	473,474 (+1.8%)	$44.16M (+22.7%)	0.3%	—	—	COM	74736K101
FMS	FRESENIUS MEDICAL CARE AG	1,916,090 (+18.9%)	$43.32M (+19.2%)	0.3%	—	—	SPONSORED ADR	358029106
ELAN	ELANCO ANIMAL HEALTH INC	2,972,036 (+6.9%)	$73.14M (+10.0%)	0.5%	—	—	COM	28414H103
WTW	WILLIS TOWERS WATSON PLC LTD	307,861 (+3.0%)	$80.47M (-7.4%)	0.6%	—	—	SHS	G96629103
HDB	HDFC BANK LTD	356,454 (+199.0%)	$9.207M (+210.4%)	0.1%	—	—	SPONSORED ADS	40415F101
AOUT	AMERICAN OUTDOOR BRANDS INC	2,461,409 (+1.3%)	$28.9M (+27.4%)	0.2%	—	—	COM	02875D109
OGN	ORGANON & CO	729,502 (+5.5%)	$9.877M (+138.4%)	0.1%	—	—	COMMON STOCK	68622V106
PHG	KONINKLIJKE PHILIPS N V	2,210,252 (+11.1%)	$60.1M (+10.3%)	0.4%	—	—	NY REGIS SHS NEW	500472303
JPM	JPMORGAN CHASE & CO	147,529 (+1.3%)	$48.29M (+12.7%)	0.3%	—	—	COM	46625H100
UTMD	UTAH MED PRODS INC	475,158 (+5.8%)	$32.78M (+17.7%)	0.2%	—	—	COM	917488108
LH	LABCORP HOLDINGS INC	249,524 (+1.7%)	$69.87M (+6.7%)	0.5%	—	—	COM SHS	504922105
ENIC	ENEL CHILE SA	6,181,677 (+2.9%)	$27.82M (+17.5%)	0.2%	—	—	SPONSORED ADR	29278D105
AMX	AMERICA MOVIL SAB DE CV	3,093,426 (+2.6%)	$80.4M (+4.6%)	0.6%	—	—	SPON ADS RP CL B	02390A101
FTRE	FORTREA HLDGS INC	335,408 (+9.2%)	$5.836M (+101.6%)	0.0%	—	—	COMMON STOCK	34965K107
SNY	SANOFI SA	4,136,417 (+11.1%)	$176M (-1.6%)	1.2%	—	—	SPONSORED ADR	80105N105
WPP	WPP PLC NEW	1,069,789 (+19.0%)	$16.57M (+18.6%)	0.1%	—	—	ADR	92937A102
GSK	GSK PLC	1,483,198 (+2.1%)	$77.75M (-3.0%)	0.5%	—	—	SPONSORED ADR	37733W204
NVS	NOVARTIS AG	197,593 (+4.2%)	$30.97M (+6.9%)	0.2%	—	—	SPONSORED ADR	66987V109
FFIV	F5 INC	13,649 (+5.6%)	$5.677M (+51.8%)	0.0%	—	—	COM	315616102
RGP	RESOURCES CONNECTION INC	2,036,156 (+12.4%)	$8.654M (+28.1%)	0.1%	—	—	COM	76122Q105
LW	LAMB WESTON HLDGS INC	963,237 (+2.2%)	$41.59M (+4.4%)	0.3%	—	—	COM	513272104
CTVA	CORTEVA INC	904,680 (+1.0%)	$76.62M (+2.2%)	0.5%	—	—	COM	22052L104
OMC	OMNICOM GROUP INC	1,163,286 (+1.5%)	$84.72M (-1.8%)	0.6%	—	—	COM	681919106
ALSN	ALLISON TRANSMISSION HLDGS I	506,716 (+1.2%)	$57.13M (-2.6%)	0.4%	—	—	COM	01973R101
AVT	AVNET INC	42,412 (+12.3%)	$3.767M (+61.9%)	0.0%	—	—	COM	053807103
OMF	ONEMAIN HLDGS INC	124,570 (+6.7%)	$7.595M (+21.6%)	0.1%	—	—	COM	68268W103
CFG	CITIZENS FINL GROUP INC	84,109 (+10.7%)	$5.894M (+29.3%)	0.0%	—	—	COM	174610105
ZBH	ZIMMER BIOMET HOLDINGS INC	77,925 (+31.1%)	$6.709M (+24.8%)	0.0%	—	—	COM	98956P102
LEVI	LEVI STRAUSS & CO NEW	140,605 (+12.8%)	$3.491M (+51.4%)	0.0%	—	—	CL A COM STK	52736R102
KOF	COCA-COLA FEMSA SAB DE CV	39,019 (+26.4%)	$4.146M (+37.6%)	0.0%	—	—	SPONS ADS REP	191241108
XRAY	DENTSPLY SIRONA INC	1,127,712 (+20.1%)	$11.97M (+9.8%)	0.1%	—	—	COM	24906P109
IPGP	IPG PHOTONICS CORP	103,219 (+6.3%)	$12.11M (+8.8%)	0.1%	—	—	COM	44980X109
SHC	SOTERA HEALTH CO	188,969 (+12.3%)	$3.354M (+39.0%)	0.0%	—	—	COM	83601L102
BAP	CREDICORP LTD	15,006 (+3.0%)	$5.847M (+18.3%)	0.0%	—	—	COM	G2519Y108
TLK	TELEKOMUNIKASI IND	168,141 (+1.4%)	$2.258M (-27.1%)	0.0%	—	—	SPONSORED ADR	715684106
SEIC	SEI INVTS CO	45,834 (+12.9%)	$4.02M (+26.2%)	0.0%	—	—	COM	784117103
FMX	FOMENTO ECONOMICO MEXICANO S	26,048 (+15.0%)	$3.332M (+32.5%)	0.0%	—	—	SPON ADR UNITS	344419106
LSTR	LANDSTAR SYS INC	10,924 (+16.6%)	$2.259M (+50.4%)	0.0%	—	—	COM	515098101
TFX	TELEFLEX INCORPORATED	37,115 (+12.1%)	$4.705M (+18.8%)	0.0%	—	—	COM	879369106
MZTI	MARZETTI COMPANY	26,700 (+54.2%)	$3.048M (+27.2%)	0.0%	—	—	COM	513847103
WHR	WHIRLPOOL CORP	69,336 (+11.5%)	$2.733M (-18.5%)	0.0%	—	—	COM	963320106
HSIC	SCHEIN HENRY INC	30,099 (+16.0%)	$2.514M (+31.5%)	0.0%	—	—	COM	806407102
NGG	NATIONAL GRID PLC	1,345,982 (+2.6%)	$112M (+0.5%)	0.8%	—	—	SPONSORED ADR NE	636274409
AGCO	AGCO CORP	28,681 (+15.1%)	$3.433M (+18.9%)	0.0%	—	—	COM	001084102
ARLO	ARLO TECHNOLOGIES INC	10,753,652 (+5.2%)	$145M (-0.3%)	1.0%	—	—	COM	04206A101
TRU	TRANSUNION	38,243 (+11.5%)	$2.759M (+16.2%)	0.0%	—	—	COM	89400J107
ORI	OLD REP INTL CORP	45,331 (+12.1%)	$1.855M (+14.9%)	0.0%	—	—	COM	680223104
EXE	EXPAND ENERGY CORPORATION	29,883 (+13.6%)	$2.725M (-5.6%)	0.0%	—	—	COM	165167735
SHG	SHINHAN FINANCIAL GROUP CO L	54,299 (+1.3%)	$3.435M (+4.5%)	0.0%	—	—	SPN ADR RESTRD	824596100
VTMX	VESTA REAL ESTATE CORP	54,168 (+2.7%)	$1.859M (+5.7%)	0.0%	—	—	ADS	92540K109
WFG	WEST FRASER TIMBER CO LTD	14,469 (+1.0%)	$979K (+4.7%)	0.0%	—	—	COM	952845105
UTHR	UNITED THERAPEUTICS CORP DEL	4,742 (+10.8%)	$2.569M (+1.2%)	0.0%	—	—	COM	91307C102
LNSR	LENSAR INC	1,075,400 (+4.9%)	$6.141M (+0.5%)	0.0%	—	—	COM	52634L108
TSN	TYSON FOODS INC	57,135 (+11.6%)	$3.271M (-0.3%)	0.0%	—	—	CL A	902494103

Exited Positions (11)

NTR NUTRIEN LTD 0.5%

Value $71.21M Shares 943,685 Est. Cost — Unrealized —

WAT WATERS CORP 0.1%

Value $20.68M Shares 69,454 Est. Cost — Unrealized —

MOV MOVADO GROUP INC 0.1%

Value $18.05M Shares 739,192 Est. Cost — Unrealized —

NKSH NATIONAL BANKSHARES INC VA 0.0%

Value $7.042M Shares 193,422 Est. Cost — Unrealized —

NPK NATIONAL PRESTO INDS INC 0.0%

Value $5.511M Shares 40,208 Est. Cost — Unrealized —

HTLD HEARTLAND EXPRESS INC 0.0%

Value $2.875M Shares 276,427 Est. Cost — Unrealized —

ZTO ZTO EXPRESS CAYMAN INC 0.0%

Value $2.236M Shares 88,827 Est. Cost — Unrealized —

EBMT EAGLE BANCORP MONT INC 0.0%

Value $1.337M Shares 64,963 Est. Cost — Unrealized —

SEE SEALED AIR CORP NEW 0.0%

Value $971K Shares 23,092 Est. Cost — Unrealized —

VTV VANGUARD INDEX FDS 0.0%

Value $304K Shares 1,547 Est. Cost — Unrealized —

NWG NATWEST GROUP PLC 0.0%

Value $192K Shares 12,878 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NTR	NUTRIEN LTD	943,685	$71.21M	0.5%	—	—	—	67077M108
WAT	WATERS CORP	69,454	$20.68M	0.1%	—	—	—	941848103
MOV	MOVADO GROUP INC	739,192	$18.05M	0.1%	—	—	—	624580106
NKSH	NATIONAL BANKSHARES INC VA	193,422	$7.042M	0.0%	—	—	—	634865109
NPK	NATIONAL PRESTO INDS INC	40,208	$5.511M	0.0%	—	—	—	637215104
HTLD	HEARTLAND EXPRESS INC	276,427	$2.875M	0.0%	—	—	—	422347104
ZTO	ZTO EXPRESS CAYMAN INC	88,827	$2.236M	0.0%	—	—	—	98980A105
EBMT	EAGLE BANCORP MONT INC	64,963	$1.337M	0.0%	—	—	—	26942G100
SEE	SEALED AIR CORP NEW	23,092	$971K	0.0%	—	—	—	81211K100
VTV	VANGUARD INDEX FDS	1,547	$304K	0.0%	—	—	—	922908744
NWG	NATWEST GROUP PLC	12,878	$192K	0.0%	—	—	—	639057207

Decreased Positions (65)

MU MICRON TECHNOLOGY INC 0.0%

Value $4.013M (-97.0%) Shares 3,477 (-99.1%) Est. Cost — Unrealized —

KMT KENNAMETAL INC 0.4%

Value $62.59M (-67.1%) Shares 1,785,604 (-66.1%) Est. Cost — Unrealized —

WLK WESTLAKE CORPORATION 0.8%

Value $115M (-46.7%) Shares 1,572,939 (-14.6%) Est. Cost — Unrealized —

SHEL SHELL PLC 1.2%

Value $165M (-35.6%) Shares 2,127,279 (-22.7%) Est. Cost — Unrealized —

CTSH COGNIZANT TECHNOLOGY SOLUTIO 0.7%

Value $98.89M (-47.0%) Shares 2,553,185 (-16.1%) Est. Cost — Unrealized —

EPAM EPAM SYS INC 0.7%

Value $93.14M (-48.1%) Shares 1,173,823 (-11.4%) Est. Cost — Unrealized —

HAL HALLIBURTON CO 1.2%

Value $169M (-31.1%) Shares 4,979,851 (-20.8%) Est. Cost — Unrealized —

FDX FEDEX CORP 1.2%

Value $176M (-30.1%) Shares 561,978 (-20.5%) Est. Cost — Unrealized —

DOX AMDOCS LTD 1.6%

Value $232M (-23.8%) Shares 4,581,633 (-1.6%) Est. Cost — Unrealized —

PFE PFIZER INC 1.3%

Value $184M (-28.1%) Shares 7,634,806 (-16.2%) Est. Cost — Unrealized —

ICLR ICON PUB LTD CO 1.4%

Value $206M (+29.7%) Shares 1,185,774 (-17.4%) Est. Cost — Unrealized —

CMCSA COMCAST CORP NEW 1.0%

Value $138M (-25.2%) Shares 5,626,422 (-12.5%) Est. Cost — Unrealized —

BK BANK OF NY MELLON CORP 0.0%

Value $663K (-98.5%) Shares 4,587 (-98.8%) Est. Cost — Unrealized —

TTE TOTALENERGIES SE 0.1%

Value $21.24M (-67.2%) Shares 273,309 (-60.6%) Est. Cost — Unrealized —

C CITIGROUP INC 1.6%

Value $234M (-15.7%) Shares 1,670,362 (-31.7%) Est. Cost — Unrealized —

MCK MCKESSON CORP 0.7%

Value $106M (-28.9%) Shares 140,534 (-18.5%) Est. Cost — Unrealized —

GHM GRAHAM CORP 0.9%

Value $134M (+44.6%) Shares 1,079,699 (-7.8%) Est. Cost — Unrealized —

HCA HCA HEALTHCARE INC 0.9%

Value $121M (-25.3%) Shares 311,035 (-9.4%) Est. Cost — Unrealized —

UNF UNIFIRST CORP MASS 0.2%

Value $29.78M (-56.9%) Shares 112,591 (-59.0%) Est. Cost — Unrealized —

MTX MINERALS TECHNOLOGIES INC 0.1%

Value $21.16M (-64.5%) Shares 286,039 (-66.0%) Est. Cost — Unrealized —

CI THE CIGNA GROUP 1.6%

Value $232M (-13.6%) Shares 843,317 (-16.4%) Est. Cost — Unrealized —

STM STMICROELECTRONICS N V 0.0%

Value $1.983M (-94.8%) Shares 26,480 (-97.6%) Est. Cost — Unrealized —

MOG/A MOOG INC 0.3%

Value $47.98M (-42.8%) Shares 113,210 (-60.5%) Est. Cost — Unrealized —

HXL HEXCEL CORP NEW 1.5%

Value $214M (+18.1%) Shares 2,134,549 (-4.5%) Est. Cost — Unrealized —

PBR/A PETROLEO BRASILEIRO S A 0.3%

Value $46.92M (-40.9%) Shares 3,204,870 (-24.3%) Est. Cost — Unrealized —

CVS CVS HEALTH CORP 1.2%

Value $173M (+22.4%) Shares 1,674,319 (-15.0%) Est. Cost — Unrealized —

MRK MERCK & CO INC 1.7%

Value $246M (-11.3%) Shares 1,910,947 (-17.0%) Est. Cost — Unrealized —

WFC WELLS FARGO & CO 1.3%

Value $189M (-13.7%) Shares 2,290,534 (-16.9%) Est. Cost — Unrealized —

FISV FISERV INC 0.6%

Value $79.29M (-26.3%) Shares 1,616,446 (-16.1%) Est. Cost — Unrealized —

ORN ORION GROUP HLDGS INC 0.6%

Value $82.66M (+47.0%) Shares 4,914,450 (-4.8%) Est. Cost — Unrealized —

ARW ARROW ELECTRS INC 0.6%

Value $87.2M (+40.8%) Shares 408,610 (-5.4%) Est. Cost — Unrealized —

NTGR NETGEAR INC 0.3%

Value $41.23M (-37.1%) Shares 1,765,836 (-41.2%) Est. Cost — Unrealized —

FSTR FOSTER L B CO 0.5%

Value $64.63M (+56.4%) Shares 1,430,840 (-3.4%) Est. Cost — Unrealized —

ACGL ARCH CAP GROUP LTD 1.0%

Value $147M (-13.4%) Shares 1,518,218 (-14.3%) Est. Cost — Unrealized —

MSM MSC INDL DIRECT INC 0.1%

Value $12.6M (-63.4%) Shares 105,896 (-71.6%) Est. Cost — Unrealized —

PKE PARK AEROSPACE CORP 0.7%

Value $96.93M (+27.2%) Shares 2,540,044 (-8.7%) Est. Cost — Unrealized —

EVRG EVERGY INC 0.5%

Value $76.92M (-20.9%) Shares 890,004 (-25.0%) Est. Cost — Unrealized —

INVX INNOVEX INTERNATIONAL INC 1.0%

Value $142M (-11.5%) Shares 5,727,445 (-13.0%) Est. Cost — Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.6%

Value $82.01M (+27.5%) Shares 171,703 (-9.7%) Est. Cost — Unrealized —

TXT TEXTRON INC 1.6%

Value $231M (-7.0%) Shares 2,521,792 (-11.2%) Est. Cost — Unrealized —

GOOGL ALPHABET INC 0.6%

Value $84.98M (-16.5%) Shares 237,789 (-32.8%) Est. Cost — Unrealized —

KNX KNIGHT-SWIFT TRANSN HLDGS IN 0.7%

Value $99.4M (+16.2%) Shares 1,276,459 (-14.1%) Est. Cost — Unrealized —

EMR EMERSON ELEC CO 0.8%

Value $116M (-6.8%) Shares 813,136 (-14.7%) Est. Cost — Unrealized —

UNH UNITEDHEALTH GROUP INC 1.2%

Value $176M (+4.8%) Shares 424,159 (-31.8%) Est. Cost — Unrealized —

TKR TIMKEN CO 0.1%

Value $18.84M (-26.0%) Shares 129,668 (-48.8%) Est. Cost — Unrealized —

BAC BANK OF AMER CORP 1.5%

Value $217M (-2.7%) Shares 3,803,522 (-16.7%) Est. Cost — Unrealized —

TIGO MILLICOM INTL CELLULAR S A 1.8%

Value $250M (+2.3%) Shares 2,754,039 (-15.5%) Est. Cost — Unrealized —

IXUS ISHARES TR 0.0%

Value $1.446M (-75.6%) Shares 15,146 (-77.9%) Est. Cost — Unrealized —

STT STATE STR CORP 0.4%

Value $51.1M (+7.8%) Shares 301,263 (-19.5%) Est. Cost — Unrealized —

ABEV AMBEV SA 0.5%

Value $64.45M (-4.3%) Shares 20,526,907 (-11.0%) Est. Cost — Unrealized —

PNC PNC FINL SVCS GROUP INC 1.2%

Value $167M (-1.5%) Shares 677,618 (-16.8%) Est. Cost — Unrealized —

FLEX FLEX LTD 0.3%

Value $47.07M (-5.0%) Shares 290,395 (-61.6%) Est. Cost — Unrealized —

SCHL SCHOLASTIC CORP 0.1%

Value $8.973M (-21.3%) Shares 195,063 (-33.2%) Est. Cost — Unrealized —

JNJ JOHNSON & JOHNSON 0.5%

Value $70.26M (+2.8%) Shares 276,623 (-1.1%) Est. Cost — Unrealized —

ETR ENTERGY CORP NEW 0.3%

Value $40.43M (-2.9%) Shares 352,005 (-5.0%) Est. Cost — Unrealized —

VBR VANGUARD INDEX FDS 0.0%

Value $736K (-58.5%) Shares 3,028 (-62.9%) Est. Cost — Unrealized —

HCSG HEALTHCARE SVCS GROUP INC 0.1%

Value $7.521M (-11.6%) Shares 306,221 (-33.2%) Est. Cost — Unrealized —

HURC HURCO CO 0.1%

Value $9.559M (+9.9%) Shares 417,517 (-29.4%) Est. Cost — Unrealized —

UPS UNITED PARCEL SVCS INC 0.0%

Value $808K (-31.3%) Shares 7,517 (-37.1%) Est. Cost — Unrealized —

PGR PROGRESSIVE CORP 1.2%

Value $172M (+0.2%) Shares 789,561 (-9.1%) Est. Cost — Unrealized —

MD PEDIATRIX MEDICAL GROUP INC 0.1%

Value $10.19M (+2.2%) Shares 402,140 (-13.7%) Est. Cost — Unrealized —

BTI BRITISH AMERN TOB PLC 0.0%

Value $438K (-25.4%) Shares 7,089 (-29.4%) Est. Cost — Unrealized —

VT VANGUARD INTL EQUITY INDEX F 0.0%

Value $1.127M (-9.9%) Shares 7,180 (-20.6%) Est. Cost — Unrealized —

CNA CNA FINL CORP 0.0%

Value $875K (+4.4%) Shares 18,009 (-1.4%) Est. Cost — Unrealized —

MUFG MITSUBISHI UFJ FINANCIAL GRO 0.0%

Value $237K (+12.5%) Shares 11,894 (-4.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	3,477 (-99.1%)	$4.013M (-97.0%)	0.0%	—	—	COM	595112103
KMT	KENNAMETAL INC	1,785,604 (-66.1%)	$62.59M (-67.1%)	0.4%	—	—	COM	489170100
WLK	WESTLAKE CORPORATION	1,572,939 (-14.6%)	$115M (-46.7%)	0.8%	—	—	COM	960413102
SHEL	SHELL PLC	2,127,279 (-22.7%)	$165M (-35.6%)	1.2%	—	—	SPON ADS	780259305
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	2,553,185 (-16.1%)	$98.89M (-47.0%)	0.7%	—	—	CL A	192446102
EPAM	EPAM SYS INC	1,173,823 (-11.4%)	$93.14M (-48.1%)	0.7%	—	—	COM	29414B104
HAL	HALLIBURTON CO	4,979,851 (-20.8%)	$169M (-31.1%)	1.2%	—	—	COM	406216101
FDX	FEDEX CORP	561,978 (-20.5%)	$176M (-30.1%)	1.2%	—	—	COM	31428X106
DOX	AMDOCS LTD	4,581,633 (-1.6%)	$232M (-23.8%)	1.6%	—	—	SHS	G02602103
PFE	PFIZER INC	7,634,806 (-16.2%)	$184M (-28.1%)	1.3%	—	—	COM	717081103
ICLR	ICON PUB LTD CO	1,185,774 (-17.4%)	$206M (+29.7%)	1.4%	—	—	SHS	G4705A100
CMCSA	COMCAST CORP NEW	5,626,422 (-12.5%)	$138M (-25.2%)	1.0%	—	—	CL A	20030N101
BK	BANK OF NY MELLON CORP	4,587 (-98.8%)	$663K (-98.5%)	0.0%	—	—	COM	064058100
TTE	TOTALENERGIES SE	273,309 (-60.6%)	$21.24M (-67.2%)	0.1%	—	—	ACT	F92124100
C	CITIGROUP INC	1,670,362 (-31.7%)	$234M (-15.7%)	1.6%	—	—	COM NEW	172967424
MCK	MCKESSON CORP	140,534 (-18.5%)	$106M (-28.9%)	0.7%	—	—	COM	58155Q103
GHM	GRAHAM CORP	1,079,699 (-7.8%)	$134M (+44.6%)	0.9%	—	—	COM	384556106
HCA	HCA HEALTHCARE INC	311,035 (-9.4%)	$121M (-25.3%)	0.9%	—	—	COM	40412C101
UNF	UNIFIRST CORP MASS	112,591 (-59.0%)	$29.78M (-56.9%)	0.2%	—	—	COM	904708104
MTX	MINERALS TECHNOLOGIES INC	286,039 (-66.0%)	$21.16M (-64.5%)	0.1%	—	—	COM	603158106
CI	THE CIGNA GROUP	843,317 (-16.4%)	$232M (-13.6%)	1.6%	—	—	COM	125523100
STM	STMICROELECTRONICS N V	26,480 (-97.6%)	$1.983M (-94.8%)	0.0%	—	—	NY REGISTRY	861012102
MOG/A	MOOG INC	113,210 (-60.5%)	$47.98M (-42.8%)	0.3%	—	—	CL A	615394202
HXL	HEXCEL CORP NEW	2,134,549 (-4.5%)	$214M (+18.1%)	1.5%	—	—	COM	428291108
PBR/A	PETROLEO BRASILEIRO S A	3,204,870 (-24.3%)	$46.92M (-40.9%)	0.3%	—	—	SP ADR NON VTG	71654V101
CVS	CVS HEALTH CORP	1,674,319 (-15.0%)	$173M (+22.4%)	1.2%	—	—	COM	126650100
MRK	MERCK & CO INC	1,910,947 (-17.0%)	$246M (-11.3%)	1.7%	—	—	COM	58933Y105
WFC	WELLS FARGO & CO	2,290,534 (-16.9%)	$189M (-13.7%)	1.3%	—	—	COM	949746101
FISV	FISERV INC	1,616,446 (-16.1%)	$79.29M (-26.3%)	0.6%	—	—	COM	337738108
ORN	ORION GROUP HLDGS INC	4,914,450 (-4.8%)	$82.66M (+47.0%)	0.6%	—	—	COM	68628V308
ARW	ARROW ELECTRS INC	408,610 (-5.4%)	$87.2M (+40.8%)	0.6%	—	—	COM	042735100
NTGR	NETGEAR INC	1,765,836 (-41.2%)	$41.23M (-37.1%)	0.3%	—	—	COM	64111Q104
FSTR	FOSTER L B CO	1,430,840 (-3.4%)	$64.63M (+56.4%)	0.5%	—	—	COM	350060109
ACGL	ARCH CAP GROUP LTD	1,518,218 (-14.3%)	$147M (-13.4%)	1.0%	—	—	ORD	G0450A105
MSM	MSC INDL DIRECT INC	105,896 (-71.6%)	$12.6M (-63.4%)	0.1%	—	—	CL A	553530106
PKE	PARK AEROSPACE CORP	2,540,044 (-8.7%)	$96.93M (+27.2%)	0.7%	—	—	COM	70014A104
EVRG	EVERGY INC	890,004 (-25.0%)	$76.92M (-20.9%)	0.5%	—	—	COM	30034W106
INVX	INNOVEX INTERNATIONAL INC	5,727,445 (-13.0%)	$142M (-11.5%)	1.0%	—	—	COM	457651107
TSM	TAIWAN SEMICONDUCTOR MANUFAC	171,703 (-9.7%)	$82.01M (+27.5%)	0.6%	—	—	SPONSORED ADS	874039100
TXT	TEXTRON INC	2,521,792 (-11.2%)	$231M (-7.0%)	1.6%	—	—	COM	883203101
GOOGL	ALPHABET INC	237,789 (-32.8%)	$84.98M (-16.5%)	0.6%	—	—	CAP STK CL A	02079K305
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	1,276,459 (-14.1%)	$99.4M (+16.2%)	0.7%	—	—	CL A	499049104
EMR	EMERSON ELEC CO	813,136 (-14.7%)	$116M (-6.8%)	0.8%	—	—	COM	291011104
UNH	UNITEDHEALTH GROUP INC	424,159 (-31.8%)	$176M (+4.8%)	1.2%	—	—	COM	91324P102
TKR	TIMKEN CO	129,668 (-48.8%)	$18.84M (-26.0%)	0.1%	—	—	COM	887389104
BAC	BANK OF AMER CORP	3,803,522 (-16.7%)	$217M (-2.7%)	1.5%	—	—	COM	060505104
TIGO	MILLICOM INTL CELLULAR S A	2,754,039 (-15.5%)	$250M (+2.3%)	1.8%	—	—	COM STK	L6388F110
IXUS	ISHARES TR	15,146 (-77.9%)	$1.446M (-75.6%)	0.0%	—	—	CORE MSCI TOTAL	46432F834
STT	STATE STR CORP	301,263 (-19.5%)	$51.1M (+7.8%)	0.4%	—	—	COM	857477103
ABEV	AMBEV SA	20,526,907 (-11.0%)	$64.45M (-4.3%)	0.5%	—	—	SPONSORED ADR	02319V103
PNC	PNC FINL SVCS GROUP INC	677,618 (-16.8%)	$167M (-1.5%)	1.2%	—	—	COM	693475105
FLEX	FLEX LTD	290,395 (-61.6%)	$47.07M (-5.0%)	0.3%	—	—	ORD	Y2573F102
SCHL	SCHOLASTIC CORP	195,063 (-33.2%)	$8.973M (-21.3%)	0.1%	—	—	COM	807066105
JNJ	JOHNSON & JOHNSON	276,623 (-1.1%)	$70.26M (+2.8%)	0.5%	—	—	COM	478160104
ETR	ENTERGY CORP NEW	352,005 (-5.0%)	$40.43M (-2.9%)	0.3%	—	—	COM	29364G103
VBR	VANGUARD INDEX FDS	3,028 (-62.9%)	$736K (-58.5%)	0.0%	—	—	SM CP VAL ETF	922908611
HCSG	HEALTHCARE SVCS GROUP INC	306,221 (-33.2%)	$7.521M (-11.6%)	0.1%	—	—	COM	421906108
HURC	HURCO CO	417,517 (-29.4%)	$9.559M (+9.9%)	0.1%	—	—	COM	447324104
UPS	UNITED PARCEL SVCS INC	7,517 (-37.1%)	$808K (-31.3%)	0.0%	—	—	CL B	911312106
PGR	PROGRESSIVE CORP	789,561 (-9.1%)	$172M (+0.2%)	1.2%	—	—	COM	743315103
MD	PEDIATRIX MEDICAL GROUP INC	402,140 (-13.7%)	$10.19M (+2.2%)	0.1%	—	—	COM	58502B106
BTI	BRITISH AMERN TOB PLC	7,089 (-29.4%)	$438K (-25.4%)	0.0%	—	—	SPONSORED ADR	110448107
VT	VANGUARD INTL EQUITY INDEX F	7,180 (-20.6%)	$1.127M (-9.9%)	0.0%	—	—	TT WRLD ST ETF	922042742
CNA	CNA FINL CORP	18,009 (-1.4%)	$875K (+4.4%)	0.0%	—	—	COM	126117100
MUFG	MITSUBISHI UFJ FINANCIAL GRO	11,894 (-4.0%)	$237K (+12.5%)	0.0%	—	—	SPONSORED ADS	606822104

Unchanged Positions (14)

GOOG ALPHABET INC 0.7%

Value $105M Shares 296,414 Est. Cost — Unrealized —

SLB SLB LIMITED 0.7%

Value $95.81M Shares 2,060,834 Est. Cost — Unrealized —

TCOM TRIP COM GROUP LTD 0.2%

Value $34.71M Shares 871,213 Est. Cost — Unrealized —

CAH CARDINAL HEALTH INC 0.4%

Value $61.73M Shares 259,832 Est. Cost — Unrealized —

TGT TARGET CORP 0.5%

Value $74.76M Shares 572,399 Est. Cost — Unrealized —

TFC TRUIST FINL CORP 0.3%

Value $41.6M Shares 834,915 Est. Cost — Unrealized —

WRB BERKLEY W R CORP 0.3%

Value $36.4M Shares 516,132 Est. Cost — Unrealized —

IMKTA INGLES MKTS INC 0.8%

Value $112M Shares 1,260,027 Est. Cost — Unrealized —

TIMB TIM S A 0.0%

Value $3.415M Shares 159,437 Est. Cost — Unrealized —

CENTA CENTRAL GARDEN & PET CO 0.0%

Value $4.652M Shares 119,994 Est. Cost — Unrealized —

IQV IQVIA HLDGS INC 0.0%

Value $5.699M Shares 29,496 Est. Cost — Unrealized —

SUZ SUZANO S A 0.0%

Value $2.077M Shares 267,651 Est. Cost — Unrealized —

RCI ROGERS COMMUNICATIONS INC 0.0%

Value $1.495M Shares 45,998 Est. Cost — Unrealized —

WTM WHITE MTNS INS GROUP LTD 0.0%

Value $1.453M Shares 701 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	296,414	$105M	0.7%	—	—	CAP STK CL C	02079K107
SLB	SLB LIMITED	2,060,834	$95.81M	0.7%	—	—	COM STK	806857108
TCOM	TRIP COM GROUP LTD	871,213	$34.71M	0.2%	—	—	ADS	89677Q107
CAH	CARDINAL HEALTH INC	259,832	$61.73M	0.4%	—	—	COM	14149Y108
TGT	TARGET CORP	572,399	$74.76M	0.5%	—	—	COM	87612E106
TFC	TRUIST FINL CORP	834,915	$41.6M	0.3%	—	—	COM	89832Q109
WRB	BERKLEY W R CORP	516,132	$36.4M	0.3%	—	—	COM	084423102
IMKTA	INGLES MKTS INC	1,260,027	$112M	0.8%	—	—	CL A	457030104
TIMB	TIM S A	159,437	$3.415M	0.0%	—	—	SPONSORED ADR	88706T108
CENTA	CENTRAL GARDEN & PET CO	119,994	$4.652M	0.0%	—	—	CL A NON-VTG	153527205
IQV	IQVIA HLDGS INC	29,496	$5.699M	0.0%	—	—	COM	46266C105
SUZ	SUZANO S A	267,651	$2.077M	0.0%	—	—	SPON ADS	86959K105
RCI	ROGERS COMMUNICATIONS INC	45,998	$1.495M	0.0%	—	—	CL B	775109200
WTM	WHITE MTNS INS GROUP LTD	701	$1.453M	0.0%	—	—	COM	G9618E107