DIAMOND HILL CAPITAL MANAGEMENT INC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DOV	Dover Corp.	775,831	$151,473	0.8%	$181.83	0.0%	COM	260003108
WIX	Wix.com Ltd.	1,449,820	$150,622	0.8%	$120.92	0.0%	COM	M98068105
EQT	EQT Corp.	2,028,501	$108,728	0.6%	$56.13	0.0%	COM	26884L109
RKT	Rocket Cos., Inc. (Cl A)	4,324,817	$83,728	0.4%	$17.88	0.0%	COM	77311W101
S	SentinelOne, Inc. (Cl A)	2,385,415	$35,781	0.2%	$16.38	0.0%	COM	81730H109
INVH	Invitation Homes, Inc.	702,859	$19,532	0.1%	$27.64	0.0%	COM	46187W107
WLK	Westlake Corp.	190,180	$14,062	0.1%	$70.79	0.0%	COM	960413102
IAC	IAC, Inc.	308,630	$12,067	0.1%	$35.02	0.0%	COM	44891N208
ARE	Alexandria Real Estate Equitie	172,549	$8,445	0.0%	$58.01	0.0%	COM	015271109
CSR	Centerspace	47,413	$3,163	0.0%	$66.72	—	COM	15202L107
MVBF	MVB Financial Corp.	64,448	$1,665	0.0%	$26.43	0.0%	COM	553810102
IVW	iShares S&P 500 Growth ETF	2,775	$342	0.0%	$123.26	—	ETF	464287309
IWV	iShares Russell 3000 ETF	578	$224	0.0%	$386.85	—	ETF	464287689

Increased Positions (66)

COO Cooper Cos., Inc. 1.4%

Value ($000) $269,471 (+592.9%) Shares 3,287,837 (+479.6%) Est. Cost $74.16 Unrealized +0.9%

IWD iShares Russell 1000 Value ETF 0.6%

Value ($000) $117,139 (+25655.0%) Shares 556,903 (+24828.5%) Est. Cost $210.24 Unrealized —

SOLV Solventum Corp. 0.9%

Value ($000) $167,119 (+173.8%) Shares 2,109,027 (+152.2%) Est. Cost $74.93 Unrealized +2.2%

EQH Equitable Holdings, Inc. 1.0%

Value ($000) $204,640 (+101.5%) Shares 4,294,644 (+114.8%) Est. Cost $49.72 Unrealized -5.0%

WM Waste Management, Inc. 2.6%

Value ($000) $510,554 (+22.8%) Shares 2,323,764 (+23.5%) Est. Cost $176.71 Unrealized +20.3%

DE Deere & Co. 1.3%

Value ($000) $252,139 (+30.4%) Shares 541,571 (+28.1%) Est. Cost $333.13 Unrealized +40.4%

ASH Ashland, Inc. 0.5%

Value ($000) $105,668 (+51.6%) Shares 1,801,062 (+23.8%) Est. Cost $70.51 Unrealized -25.4%

SBAC SBA Communications Corp. (Cl A 2.0%

Value ($000) $393,615 (+9.7%) Shares 2,034,920 (+9.7%) Est. Cost $221.50 Unrealized -13.0%

ESAB ESAB Corp. 0.2%

Value ($000) $39,593 (+110.1%) Shares 354,397 (+110.1%) Est. Cost $84.59 Unrealized +35.2%

CVX Chevron Corp. 0.2%

Value ($000) $44,222 (+86.6%) Shares 290,149 (+90.1%) Est. Cost $148.06 Unrealized +2.3%

BAH Booz Allen Hamilton Holding Co 0.3%

Value ($000) $52,732 (+42.5%) Shares 625,080 (+68.8%) Est. Cost $98.36 Unrealized -10.0%

FCN FTI Consulting, Inc. 0.2%

Value ($000) $36,048 (+44.4%) Shares 211,015 (+36.6%) Est. Cost $164.73 Unrealized +0.1%

TFIN Triumph Financial, Inc. 0.1%

Value ($000) $27,551 (+52.1%) Shares 439,895 (+21.5%) Est. Cost $61.86 Unrealized -9.4%

TTC Toro Co. 0.1%

Value ($000) $21,516 (+68.2%) Shares 273,318 (+62.8%) Est. Cost $75.61 Unrealized -2.2%

TFC Truist Financial Corp. 0.2%

Value ($000) $37,660 (+29.0%) Shares 765,286 (+19.9%) Est. Cost $40.81 Unrealized +12.2%

BLDR Builders FirstSource, Inc. 1.0%

Value ($000) $192,683 (-3.8%) Shares 1,872,708 (+13.4%) Est. Cost $154.94 Unrealized -27.5%

UGI UGI Corp. 0.2%

Value ($000) $44,780 (+17.2%) Shares 1,196,364 (+4.2%) Est. Cost $36.18 Unrealized -2.1%

KNF Knife River Corp. 0.1%

Value ($000) $23,178 (+36.7%) Shares 329,460 (+49.4%) Est. Cost $80.32 Unrealized -12.6%

RVTY Revvity, Inc. 0.2%

Value ($000) $41,302 (+17.3%) Shares 426,899 (+6.3%) Est. Cost $91.02 Unrealized +5.5%

MGY Magnolia Oil & Gas Corp. (Cl A 0.0%

Value ($000) $9,080 (+184.8%) Shares 414,817 (+210.5%) Est. Cost $23.58 Unrealized -3.6%

RHP Ryman Hospitality Properties, 0.2%

Value ($000) $47,337 (+14.2%) Shares 500,289 (+8.1%) Est. Cost $91.15 Unrealized —

AON Aon PLC (Cl A) 2.9%

Value ($000) $563,308 (+1.0%) Shares 1,596,315 (+2.1%) Est. Cost $340.01 Unrealized +2.7%

PRGO Perrigo Co. PLC 0.2%

Value ($000) $34,545 (-13.7%) Shares 2,481,711 (+38.0%) Est. Cost $28.87 Unrealized -42.3%

TRU TransUnion 0.2%

Value ($000) $33,637 (+17.4%) Shares 392,270 (+14.7%) Est. Cost $86.75 Unrealized -5.4%

META Meta Platforms, Inc. (Cl A) 0.5%

Value ($000) $90,293 (+5.6%) Shares 136,789 (+17.4%) Est. Cost $285.44 Unrealized +133.8%

CUBE CubeSmart 0.4%

Value ($000) $70,049 (-5.0%) Shares 1,943,109 (+7.1%) Est. Cost $28.33 Unrealized —

FIS Fidelity National Information 0.1%

Value ($000) $29,068 (+14.2%) Shares 437,370 (+13.3%) Est. Cost $86.74 Unrealized -24.3%

ZTS Zoetis, Inc. (Cl A) 2.0%

Value ($000) $397,420 (+0.9%) Shares 3,158,638 (+17.3%) Est. Cost $147.54 Unrealized -11.7%

IGIC International General Insuranc 0.0%

Value ($000) $9,291 (+46.3%) Shares 370,316 (+35.3%) Est. Cost $20.50 Unrealized +14.5%

PAL Proficient Auto Logistics, Inc 0.0%

Value ($000) $8,737 (+50.3%) Shares 906,345 (+7.5%) Est. Cost $9.50 Unrealized -17.4%

MLAB Mesa Laboratories, Inc. 0.1%

Value ($000) $11,145 (+34.8%) Shares 141,973 (+15.1%) Est. Cost $85.40 Unrealized -11.0%

AR Antero Resources Corp. 0.1%

Value ($000) $22,743 (+13.8%) Shares 659,986 (+10.8%) Est. Cost $36.24 Unrealized -6.5%

MAA Mid-America Apartment Communit 0.3%

Value ($000) $54,027 (+5.3%) Shares 388,936 (+6.0%) Est. Cost $123.10 Unrealized +8.0%

ICLR ICON PLC 0.2%

Value ($000) $43,576 (+6.2%) Shares 239,142 (+2.0%) Est. Cost $227.58 Unrealized -21.8%

TFX Teleflex, Inc. 0.2%

Value ($000) $42,691 (+6.0%) Shares 349,809 (+6.3%) Est. Cost $175.94 Unrealized -31.2%

UFPT UFP Technologies, Inc. 0.0%

Value ($000) $5,886 (+69.9%) Shares 26,510 (+52.8%) Est. Cost $140.61 Unrealized +52.4%

UTZ UTZ Brands, Inc. (Cl A) 0.0%

Value ($000) $6,081 (+52.7%) Shares 585,856 (+78.7%) Est. Cost $12.10 Unrealized -10.8%

TRNS Transcat, Inc. 0.0%

Value ($000) $2,485 (+442.8%) Shares 43,802 (+600.4%) Est. Cost $62.22 Unrealized +0.2%

THR Thermon Group Holdings, Inc. 0.0%

Value ($000) $4,460 (+73.0%) Shares 120,015 (+24.4%) Est. Cost $30.68 Unrealized +7.0%

TTAM Titan America SA 0.0%

Value ($000) $4,844 (+61.1%) Shares 293,928 (+46.0%) Est. Cost $14.54 Unrealized +7.6%

ALK Alaska Air Group, Inc. 0.1%

Value ($000) $14,483 (+14.2%) Shares 287,930 (+13.0%) Est. Cost $48.31 Unrealized -4.3%

CURB Curbline Properties Corp. 0.0%

Value ($000) $4,118 (+54.8%) Shares 177,437 (+48.7%) Est. Cost $23.50 Unrealized —

VRSN VeriSign, Inc. 0.4%

Value ($000) $75,961 (+1.7%) Shares 312,661 (+17.0%) Est. Cost $187.64 Unrealized +33.7%

TDY Teledyne Technologies, Inc. 0.1%

Value ($000) $28,833 (+3.7%) Shares 56,455 (+19.0%) Est. Cost $475.71 Unrealized +10.8%

MSFT Microsoft Corp. 0.5%

Value ($000) $99,051 (-1.0%) Shares 204,811 (+6.0%) Est. Cost $281.94 Unrealized +77.5%

PRGS Progress Software Corp. 0.1%

Value ($000) $21,280 (+4.3%) Shares 495,346 (+6.6%) Est. Cost $50.70 Unrealized -14.0%

ODC Oil-Dri Corp. of America 0.0%

Value ($000) $6,909 (-9.5%) Shares 141,178 (+12.9%) Est. Cost $31.51 Unrealized +75.8%

MYFW First Western Financial, Inc. 0.0%

Value ($000) $4,253 (+20.4%) Shares 158,643 (+3.4%) Est. Cost $22.12 Unrealized +7.8%

AVNS Avanos Medical, Inc. 0.0%

Value ($000) $5,724 (+13.9%) Shares 509,702 (+17.3%) Est. Cost $13.42 Unrealized -14.7%

OEC Orion S.A. 0.0%

Value ($000) $1,756 (-24.6%) Shares 332,594 (+8.2%) Est. Cost $15.27 Unrealized -64.5%

CMT Core Molding Technologies, Inc 0.0%

Value ($000) $3,973 (+15.0%) Shares 198,163 (+17.9%) Est. Cost $17.20 Unrealized +11.3%

ASTH Astrana Health, Inc. 0.1%

Value ($000) $10,736 (+4.8%) Shares 432,726 (+19.8%) Est. Cost $33.68 Unrealized -21.2%

RAIL FreightCar America, Inc. 0.0%

Value ($000) $956 (+91.0%) Shares 86,401 (+68.8%) Est. Cost $9.40 Unrealized -2.3%

ASUR Asure Software, Inc. 0.0%

Value ($000) $2,646 (+20.5%) Shares 280,935 (+4.9%) Est. Cost $9.37 Unrealized -10.4%

STRW Strawberry Fields REIT, Inc. 0.0%

Value ($000) $2,670 (+17.1%) Shares 203,816 (+9.9%) Est. Cost $10.92 Unrealized —

OZK Bank OZK 0.1%

Value ($000) $10,257 (+2.3%) Shares 222,873 (+13.3%) Est. Cost $28.07 Unrealized +64.8%

AZZ AZZ, Inc. 0.0%

Value ($000) $3,218 (+5.8%) Shares 30,025 (+7.7%) Est. Cost $88.84 Unrealized +16.4%

USLM United States Lime & Minerals, 0.0%

Value ($000) $8,494 (-2.0%) Shares 70,935 (+7.7%) Est. Cost $78.66 Unrealized +57.6%

SAMG Silvercrest Asset Management G 0.0%

Value ($000) $2,872 (+6.0%) Shares 189,085 (+9.9%) Est. Cost $16.96 Unrealized -14.4%

FBIN Fortune Brands Innovations, In 0.1%

Value ($000) $27,723 (+0.6%) Shares 554,244 (+7.3%) Est. Cost $61.62 Unrealized -19.2%

RMNI Rimini Street, Inc. (Cl A) 0.0%

Value ($000) $1,226 (-10.4%) Shares 316,013 (+8.1%) Est. Cost $5.27 Unrealized -21.3%

HURC Hurco Cos., Inc. 0.0%

Value ($000) $1,086 (+9.5%) Shares 70,321 (+23.3%) Est. Cost $18.13 Unrealized -8.6%

GRBK Green Brick Partners, Inc. 0.0%

Value ($000) $1,047 (-7.4%) Shares 16,702 (+9.1%) Est. Cost $23.23 Unrealized +183.8%

ACU Acme United Corp. 0.0%

Value ($000) $879 (+9.9%) Shares 21,812 (+12.2%) Est. Cost $38.48 Unrealized -0.4%

BBCP Concrete Pumping Holdings, Inc 0.0%

Value ($000) $4,146 (-1.8%) Shares 617,887 (+3.2%) Est. Cost $6.85 Unrealized -4.0%

RCKY Rocky Brands, Inc. 0.0%

Value ($000) $2,396 (+2.3%) Shares 81,695 (+3.9%) Est. Cost $30.25 Unrealized -2.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COO	Cooper Cos., Inc.	3,287,837 (+479.6%)	$269,471 (+592.9%)	1.4%	$74.16	+0.9%	COM	216648501
IWD	iShares Russell 1000 Value ETF	556,903 (+24828.5%)	$117,139 (+25655.0%)	0.6%	$210.24	—	ETF	464287598
SOLV	Solventum Corp.	2,109,027 (+152.2%)	$167,119 (+173.8%)	0.9%	$74.93	+2.2%	COM	83444M101
EQH	Equitable Holdings, Inc.	4,294,644 (+114.8%)	$204,640 (+101.5%)	1.0%	$49.72	-5.0%	COM	29452E101
WM	Waste Management, Inc.	2,323,764 (+23.5%)	$510,554 (+22.8%)	2.6%	$176.71	+20.3%	COM	94106L109
DE	Deere & Co.	541,571 (+28.1%)	$252,139 (+30.4%)	1.3%	$333.13	+40.4%	COM	244199105
ASH	Ashland, Inc.	1,801,062 (+23.8%)	$105,668 (+51.6%)	0.5%	$70.51	-25.4%	COM	044186104
SBAC	SBA Communications Corp. (Cl A	2,034,920 (+9.7%)	$393,615 (+9.7%)	2.0%	$221.50	-13.0%	COM	78410G104
ESAB	ESAB Corp.	354,397 (+110.1%)	$39,593 (+110.1%)	0.2%	$84.59	+35.2%	COM	29605J106
CVX	Chevron Corp.	290,149 (+90.1%)	$44,222 (+86.6%)	0.2%	$148.06	+2.3%	COM	166764100
BAH	Booz Allen Hamilton Holding Co	625,080 (+68.8%)	$52,732 (+42.5%)	0.3%	$98.36	-10.0%	COM	099502106
FCN	FTI Consulting, Inc.	211,015 (+36.6%)	$36,048 (+44.4%)	0.2%	$164.73	+0.1%	COM	302941109
TFIN	Triumph Financial, Inc.	439,895 (+21.5%)	$27,551 (+52.1%)	0.1%	$61.86	-9.4%	COM	89679E300
TTC	Toro Co.	273,318 (+62.8%)	$21,516 (+68.2%)	0.1%	$75.61	-2.2%	COM	891092108
TFC	Truist Financial Corp.	765,286 (+19.9%)	$37,660 (+29.0%)	0.2%	$40.81	+12.2%	COM	89832Q109
BLDR	Builders FirstSource, Inc.	1,872,708 (+13.4%)	$192,683 (-3.8%)	1.0%	$154.94	-27.5%	COM	12008R107
UGI	UGI Corp.	1,196,364 (+4.2%)	$44,780 (+17.2%)	0.2%	$36.18	-2.1%	COM	902681105
KNF	Knife River Corp.	329,460 (+49.4%)	$23,178 (+36.7%)	0.1%	$80.32	-12.6%	COM	498894104
RVTY	Revvity, Inc.	426,899 (+6.3%)	$41,302 (+17.3%)	0.2%	$91.02	+5.5%	COM	714046109
MGY	Magnolia Oil & Gas Corp. (Cl A	414,817 (+210.5%)	$9,080 (+184.8%)	0.0%	$23.58	-3.6%	COM	559663109
RHP	Ryman Hospitality Properties,	500,289 (+8.1%)	$47,337 (+14.2%)	0.2%	$91.15	—	COM	78377T107
AON	Aon PLC (Cl A)	1,596,315 (+2.1%)	$563,308 (+1.0%)	2.9%	$340.01	+2.7%	COM	G0403H108
PRGO	Perrigo Co. PLC	2,481,711 (+38.0%)	$34,545 (-13.7%)	0.2%	$28.87	-42.3%	COM	G97822103
TRU	TransUnion	392,270 (+14.7%)	$33,637 (+17.4%)	0.2%	$86.75	-5.4%	COM	89400J107
META	Meta Platforms, Inc. (Cl A)	136,789 (+17.4%)	$90,293 (+5.6%)	0.5%	$285.44	+133.8%	COM	30303M102
CUBE	CubeSmart	1,943,109 (+7.1%)	$70,049 (-5.0%)	0.4%	$28.33	—	COM	229663109
FIS	Fidelity National Information	437,370 (+13.3%)	$29,068 (+14.2%)	0.1%	$86.74	-24.3%	COM	31620M106
ZTS	Zoetis, Inc. (Cl A)	3,158,638 (+17.3%)	$397,420 (+0.9%)	2.0%	$147.54	-11.7%	COM	98978V103
IGIC	International General Insuranc	370,316 (+35.3%)	$9,291 (+46.3%)	0.0%	$20.50	+14.5%	COM	G4809J106
PAL	Proficient Auto Logistics, Inc	906,345 (+7.5%)	$8,737 (+50.3%)	0.0%	$9.50	-17.4%	COM	74317M104
MLAB	Mesa Laboratories, Inc.	141,973 (+15.1%)	$11,145 (+34.8%)	0.1%	$85.40	-11.0%	COM	59064R109
AR	Antero Resources Corp.	659,986 (+10.8%)	$22,743 (+13.8%)	0.1%	$36.24	-6.5%	COM	03674X106
MAA	Mid-America Apartment Communit	388,936 (+6.0%)	$54,027 (+5.3%)	0.3%	$123.10	+8.0%	COM	59522J103
ICLR	ICON PLC	239,142 (+2.0%)	$43,576 (+6.2%)	0.2%	$227.58	-21.8%	COM	G4705A100
TFX	Teleflex, Inc.	349,809 (+6.3%)	$42,691 (+6.0%)	0.2%	$175.94	-31.2%	COM	879369106
UFPT	UFP Technologies, Inc.	26,510 (+52.8%)	$5,886 (+69.9%)	0.0%	$140.61	+52.4%	COM	902673102
UTZ	UTZ Brands, Inc. (Cl A)	585,856 (+78.7%)	$6,081 (+52.7%)	0.0%	$12.10	-10.8%	COM	918090101
TRNS	Transcat, Inc.	43,802 (+600.4%)	$2,485 (+442.8%)	0.0%	$62.22	+0.2%	COM	893529107
THR	Thermon Group Holdings, Inc.	120,015 (+24.4%)	$4,460 (+73.0%)	0.0%	$30.68	+7.0%	COM	88362T103
TTAM	Titan America SA	293,928 (+46.0%)	$4,844 (+61.1%)	0.0%	$14.54	+7.6%	COM	B9151N105
ALK	Alaska Air Group, Inc.	287,930 (+13.0%)	$14,483 (+14.2%)	0.1%	$48.31	-4.3%	COM	011659109
CURB	Curbline Properties Corp.	177,437 (+48.7%)	$4,118 (+54.8%)	0.0%	$23.50	—	COM	23128Q101
VRSN	VeriSign, Inc.	312,661 (+17.0%)	$75,961 (+1.7%)	0.4%	$187.64	+33.7%	COM	92343E102
TDY	Teledyne Technologies, Inc.	56,455 (+19.0%)	$28,833 (+3.7%)	0.1%	$475.71	+10.8%	COM	879360105
MSFT	Microsoft Corp.	204,811 (+6.0%)	$99,051 (-1.0%)	0.5%	$281.94	+77.5%	COM	594918104
PRGS	Progress Software Corp.	495,346 (+6.6%)	$21,280 (+4.3%)	0.1%	$50.70	-14.0%	COM	743312100
ODC	Oil-Dri Corp. of America	141,178 (+12.9%)	$6,909 (-9.5%)	0.0%	$31.51	+75.8%	COM	677864100
MYFW	First Western Financial, Inc.	158,643 (+3.4%)	$4,253 (+20.4%)	0.0%	$22.12	+7.8%	COM	33751L105
AVNS	Avanos Medical, Inc.	509,702 (+17.3%)	$5,724 (+13.9%)	0.0%	$13.42	-14.7%	COM	05350V106
OEC	Orion S.A.	332,594 (+8.2%)	$1,756 (-24.6%)	0.0%	$15.27	-64.5%	COM	L72967109
CMT	Core Molding Technologies, Inc	198,163 (+17.9%)	$3,973 (+15.0%)	0.0%	$17.20	+11.3%	COM	218683100
ASTH	Astrana Health, Inc.	432,726 (+19.8%)	$10,736 (+4.8%)	0.1%	$33.68	-21.2%	COM	03763A207
RAIL	FreightCar America, Inc.	86,401 (+68.8%)	$956 (+91.0%)	0.0%	$9.40	-2.3%	COM	357023100
ASUR	Asure Software, Inc.	280,935 (+4.9%)	$2,646 (+20.5%)	0.0%	$9.37	-10.4%	COM	04649U102
STRW	Strawberry Fields REIT, Inc.	203,816 (+9.9%)	$2,670 (+17.1%)	0.0%	$10.92	—	COM	863182101
OZK	Bank OZK	222,873 (+13.3%)	$10,257 (+2.3%)	0.1%	$28.07	+64.8%	COM	06417N103
AZZ	AZZ, Inc.	30,025 (+7.7%)	$3,218 (+5.8%)	0.0%	$88.84	+16.4%	COM	002474104
USLM	United States Lime & Minerals,	70,935 (+7.7%)	$8,494 (-2.0%)	0.0%	$78.66	+57.6%	COM	911922102
SAMG	Silvercrest Asset Management G	189,085 (+9.9%)	$2,872 (+6.0%)	0.0%	$16.96	-14.4%	COM	828359109
FBIN	Fortune Brands Innovations, In	554,244 (+7.3%)	$27,723 (+0.6%)	0.1%	$61.62	-19.2%	COM	34964C106
RMNI	Rimini Street, Inc. (Cl A)	316,013 (+8.1%)	$1,226 (-10.4%)	0.0%	$5.27	-21.3%	COM	76674Q107
HURC	Hurco Cos., Inc.	70,321 (+23.3%)	$1,086 (+9.5%)	0.0%	$18.13	-8.6%	COM	447324104
GRBK	Green Brick Partners, Inc.	16,702 (+9.1%)	$1,047 (-7.4%)	0.0%	$23.23	+183.8%	COM	392709101
ACU	Acme United Corp.	21,812 (+12.2%)	$879 (+9.9%)	0.0%	$38.48	-0.4%	COM	004816104
BBCP	Concrete Pumping Holdings, Inc	617,887 (+3.2%)	$4,146 (-1.8%)	0.0%	$6.85	-4.0%	COM	206704108
RCKY	Rocky Brands, Inc.	81,695 (+3.9%)	$2,396 (+2.3%)	0.0%	$30.25	-2.7%	COM	774515100

Exited Positions (9)

CAT Caterpillar, Inc. 1.1%

Value ($000) $218,793 Shares 458,542 Est. Cost $184.92 Unrealized +200.4%

— Mr. Cooper Group, Inc. 0.7%

Value ($000) $140,731 Shares 667,636 Est. Cost $12.53 Unrealized —

NDAQ Nasdaq, Inc. 0.4%

Value ($000) $79,488 Shares 898,678 Est. Cost $57.38 Unrealized +56.4%

— WNS (Holdings) Ltd. 0.2%

Value ($000) $46,183 Shares 605,521 Est. Cost $51.01 Unrealized —

COHR Coherent Corp. 0.1%

Value ($000) $17,764 Shares 164,911 Est. Cost $65.13 Unrealized +129.7%

LULU lululemon athletica inc. 0.1%

Value ($000) $16,003 Shares 89,940 Est. Cost $328.59 Unrealized -44.9%

CMCSA Comcast Corp. (Cl A) 0.1%

Value ($000) $11,412 Shares 363,204 Est. Cost $25.87 Unrealized +10.3%

UDR UDR, Inc. 0.1%

Value ($000) $10,228 Shares 274,507 Est. Cost $35.06 Unrealized +1.3%

CHKP Check Point Software Technolog 0.0%

Value ($000) $4,028 Shares 19,466 Est. Cost $114.21 Unrealized +69.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CAT	Caterpillar, Inc.	458,542	$218,793	1.1%	$184.92	+200.4%	—	149123101
—	Mr. Cooper Group, Inc.	667,636	$140,731	0.7%	$12.53	—	—	62482R107
NDAQ	Nasdaq, Inc.	898,678	$79,488	0.4%	$57.38	+56.4%	—	631103108
—	WNS (Holdings) Ltd.	605,521	$46,183	0.2%	$51.01	—	—	G98196101
COHR	Coherent Corp.	164,911	$17,764	0.1%	$65.13	+129.7%	—	19247G107
LULU	lululemon athletica inc.	89,940	$16,003	0.1%	$328.59	-44.9%	—	550021109
CMCSA	Comcast Corp. (Cl A)	363,204	$11,412	0.1%	$25.87	+10.3%	—	20030N101
UDR	UDR, Inc.	274,507	$10,228	0.1%	$35.06	+1.3%	—	902653104
CHKP	Check Point Software Technolog	19,466	$4,028	0.0%	$114.21	+69.3%	—	M22465104

Decreased Positions (94)

HCA HCA Healthcare, Inc. 0.1%

Value ($000) $21,924 (-92.3%) Shares 46,961 (-92.9%) Est. Cost $210.30 Unrealized +120.5%

GM General Motors Co. 1.0%

Value ($000) $187,823 (-52.0%) Shares 2,309,683 (-64.0%) Est. Cost $37.86 Unrealized +86.0%

LH Labcorp Holdings, Inc. 1.6%

Value ($000) $316,138 (-32.9%) Shares 1,260,116 (-23.3%) Est. Cost $199.75 Unrealized +32.7%

FERG Ferguson Enterprises, Inc. 1.1%

Value ($000) $217,742 (-37.1%) Shares 978,046 (-36.6%) Est. Cost $191.69 Unrealized +24.1%

BRK/B Berkshire Hathaway, Inc. (Cl B 3.9%

Value ($000) $768,879 (-13.7%) Shares 1,529,650 (-13.7%) Est. Cost $360.25 Unrealized +38.1%

LHX L3Harris Technologies, Inc. 1.2%

Value ($000) $234,907 (-31.5%) Shares 800,173 (-28.8%) Est. Cost $164.11 Unrealized +75.8%

SYY Sysco Corp. 2.1%

Value ($000) $419,404 (-19.7%) Shares 5,691,461 (-10.3%) Est. Cost $73.33 Unrealized +3.0%

ABT Abbott Laboratories 3.3%

Value ($000) $647,688 (-13.7%) Shares 5,169,513 (-7.7%) Est. Cost $55.43 Unrealized +129.7%

NVR NVR, Inc. 1.1%

Value ($000) $221,912 (-31.2%) Shares 30,429 (-24.2%) Est. Cost $3946.59 Unrealized +89.4%

COP ConocoPhillips 2.0%

Value ($000) $388,594 (-19.8%) Shares 4,151,201 (-18.9%) Est. Cost $85.99 Unrealized +4.7%

HIG Hartford Insurance Group, Inc. 0.2%

Value ($000) $32,758 (-74.4%) Shares 237,721 (-75.2%) Est. Cost $43.83 Unrealized +200.2%

MLM Martin Marietta Materials, Inc 1.4%

Value ($000) $278,034 (-24.2%) Shares 446,526 (-23.3%) Est. Cost $434.42 Unrealized +43.0%

AMZN Amazon.com, Inc. 1.3%

Value ($000) $253,629 (-23.7%) Shares 1,098,816 (-27.4%) Est. Cost $131.37 Unrealized +74.2%

WCC WESCO International, Inc. 0.2%

Value ($000) $43,237 (-63.8%) Shares 176,737 (-68.7%) Est. Cost $49.56 Unrealized +394.2%

CL Colgate-Palmolive Co. 2.9%

Value ($000) $571,581 (-11.5%) Shares 7,233,374 (-10.5%) Est. Cost $89.28 Unrealized -12.3%

GIS General Mills, Inc. 1.6%

Value ($000) $314,110 (-18.3%) Shares 6,755,061 (-11.4%) Est. Cost $55.56 Unrealized -14.6%

KMX CarMax, Inc. 0.8%

Value ($000) $162,676 (-25.0%) Shares 4,210,038 (-12.9%) Est. Cost $65.59 Unrealized -39.0%

UNP Union Pacific Corp. 1.8%

Value ($000) $357,315 (-12.1%) Shares 1,544,680 (-10.2%) Est. Cost $209.18 Unrealized +8.7%

CIEN Ciena Corp. 0.2%

Value ($000) $42,699 (-52.2%) Shares 182,577 (-70.2%) Est. Cost $47.11 Unrealized +311.8%

PFE Pfizer, Inc. 1.2%

Value ($000) $235,038 (-15.6%) Shares 9,439,267 (-13.6%) Est. Cost $24.26 Unrealized +3.2%

MET MetLife, Inc. 1.5%

Value ($000) $286,693 (-13.0%) Shares 3,631,783 (-9.2%) Est. Cost $81.16 Unrealized -2.7%

TXN Texas Instruments, Inc. 2.9%

Value ($000) $559,365 (-6.9%) Shares 3,224,189 (-1.4%) Est. Cost $146.67 Unrealized +16.4%

RRX Regal Rexnord Corp. 1.7%

Value ($000) $331,380 (-10.6%) Shares 2,361,604 (-8.6%) Est. Cost $137.55 Unrealized +3.4%

MDT Medtronic PLC 1.1%

Value ($000) $221,667 (-14.8%) Shares 2,307,586 (-15.5%) Est. Cost $70.61 Unrealized +37.6%

LEA Lear Corp. 0.1%

Value ($000) $19,218 (-61.3%) Shares 167,697 (-66.0%) Est. Cost $122.59 Unrealized -13.3%

EXR Extra Space Storage, Inc. 1.6%

Value ($000) $310,251 (-8.8%) Shares 2,382,516 (-1.3%) Est. Cost $127.43 Unrealized +5.9%

SSNC SS&C Technologies Holdings, In 1.4%

Value ($000) $275,659 (-8.9%) Shares 3,153,268 (-7.5%) Est. Cost $69.06 Unrealized +23.5%

AIG American International Group, 4.7%

Value ($000) $925,434 (-2.7%) Shares 10,817,462 (-10.7%) Est. Cost $41.11 Unrealized +93.8%

RRR Red Rock Resorts, Inc. (Cl A) 0.6%

Value ($000) $124,100 (-17.0%) Shares 2,003,236 (-18.2%) Est. Cost $26.25 Unrealized +122.8%

TMO Thermo Fisher Scientific, Inc. 1.4%

Value ($000) $266,721 (+10.0%) Shares 460,301 (-7.9%) Est. Cost $464.78 Unrealized +21.6%

DIS Walt Disney Co. 1.8%

Value ($000) $344,011 (-6.3%) Shares 3,023,740 (-5.7%) Est. Cost $106.39 Unrealized +3.0%

NUE Nucor Corp. 1.3%

Value ($000) $249,736 (+9.4%) Shares 1,531,092 (-9.1%) Est. Cost $126.92 Unrealized +18.0%

SBUX Starbucks Corp. 1.2%

Value ($000) $233,375 (-8.0%) Shares 2,771,343 (-7.6%) Est. Cost $79.47 Unrealized +5.8%

CIVI Civitas Resources, Inc. 0.1%

Value ($000) $17,700 (-53.0%) Shares 653,369 (-43.7%) Est. Cost $48.79 Unrealized -41.5%

MZTI Marzetti Co. 0.1%

Value ($000) $15,399 (-53.7%) Shares 93,654 (-51.4%) Est. Cost $159.84 Unrealized +4.4%

FDX FedEx Corp. 1.0%

Value ($000) $189,488 (+10.2%) Shares 655,987 (-10.0%) Est. Cost $228.30 Unrealized +14.6%

HII Huntington Ingalls Industries, 0.6%

Value ($000) $111,319 (-12.5%) Shares 327,342 (-25.9%) Est. Cost $220.43 Unrealized +40.4%

ADBE Adobe, Inc. 1.8%

Value ($000) $345,853 (-4.3%) Shares 988,179 (-3.5%) Est. Cost $380.78 Unrealized -10.7%

BAC Bank of America Corp. 2.0%

Value ($000) $397,394 (-3.5%) Shares 7,225,338 (-9.5%) Est. Cost $25.10 Unrealized +109.8%

CRM Salesforce, Inc. 2.1%

Value ($000) $405,511 (+3.5%) Shares 1,530,749 (-7.4%) Est. Cost $298.11 Unrealized -16.8%

HLIO Helios Technologies, Inc. 0.0%

Value ($000) $1,868 (-87.7%) Shares 34,930 (-88.0%) Est. Cost $41.08 Unrealized +31.2%

GTES Gates Industrial Corp. PLC 0.2%

Value ($000) $41,577 (-21.0%) Shares 1,936,513 (-8.7%) Est. Cost $15.92 Unrealized +45.0%

MS Morgan Stanley 0.1%

Value ($000) $17,828 (-38.2%) Shares 100,422 (-44.6%) Est. Cost $26.77 Unrealized +521.8%

V Visa, Inc. (Cl A) 1.1%

Value ($000) $212,595 (-4.9%) Shares 606,185 (-7.4%) Est. Cost $190.17 Unrealized +79.0%

ILMN Illumina, Inc. 0.2%

Value ($000) $42,933 (+31.8%) Shares 327,331 (-4.6%) Est. Cost $104.62 Unrealized +12.2%

ACN Accenture PLC (Cl A) 1.1%

Value ($000) $208,920 (-2.9%) Shares 778,679 (-10.8%) Est. Cost $326.24 Unrealized -22.1%

FWONK Liberty Media Corp. Series C L 0.2%

Value ($000) $33,955 (-14.9%) Shares 344,689 (-9.7%) Est. Cost $62.30 Unrealized —

KEY KeyCorp 1.1%

Value ($000) $221,106 (-2.3%) Shares 10,712,524 (-11.5%) Est. Cost $13.19 Unrealized +40.2%

RNR RenaissanceRe Holdings Ltd. 0.1%

Value ($000) $25,066 (-17.2%) Shares 89,151 (-25.2%) Est. Cost $170.46 Unrealized +54.4%

CCS Century Communities, Inc. 0.0%

Value ($000) $1,814 (-73.4%) Shares 30,564 (-71.6%) Est. Cost $54.72 Unrealized +10.9%

BBWI Bath & Body Works, Inc. 0.0%

Value ($000) $4,852 (-49.0%) Shares 241,609 (-34.6%) Est. Cost $30.92 Unrealized -29.8%

GOOGL Alphabet, Inc. (Cl A) 0.5%

Value ($000) $104,967 (+4.6%) Shares 335,357 (-18.8%) Est. Cost $110.50 Unrealized +158.5%

PH Parker-Hannifin Corp. 0.4%

Value ($000) $72,941 (-5.3%) Shares 82,986 (-18.3%) Est. Cost $125.89 Unrealized +549.6%

LEU Centrus Energy Corp. (Cl A) 0.0%

Value ($000) $1,111 (-78.1%) Shares 4,578 (-72.1%) Est. Cost $39.35 Unrealized +667.3%

COF Capital One Financial Corp. 3.1%

Value ($000) $602,910 (+0.6%) Shares 2,487,661 (-11.8%) Est. Cost $186.32 Unrealized +19.3%

GDDY GoDaddy, Inc. (Cl A) 0.1%

Value ($000) $21,683 (-13.9%) Shares 174,753 (-5.1%) Est. Cost $101.39 Unrealized +27.6%

BSX Boston Scientific Corp. 0.1%

Value ($000) $23,858 (-12.1%) Shares 250,214 (-10.0%) Est. Cost $14.38 Unrealized +581.9%

FCX Freeport-McMoRan, Inc. 0.2%

Value ($000) $37,908 (-7.5%) Shares 746,364 (-28.5%) Est. Cost $35.64 Unrealized +21.5%

FANG Diamondback Energy, Inc. 2.0%

Value ($000) $383,577 (-0.8%) Shares 2,551,566 (-5.5%) Est. Cost $155.34 Unrealized -5.3%

CTRA Coterra Energy, Inc. 0.3%

Value ($000) $55,578 (-4.7%) Shares 2,111,621 (-14.4%) Est. Cost $17.08 Unrealized +47.0%

L Loews Corp. 0.1%

Value ($000) $10,110 (-21.1%) Shares 95,999 (-24.8%) Est. Cost $38.25 Unrealized +169.8%

JCI Johnson Controls International 0.1%

Value ($000) $22,650 (-10.4%) Shares 189,141 (-17.7%) Est. Cost $54.74 Unrealized +109.7%

FA First Advantage Corp. 0.1%

Value ($000) $20,708 (-10.8%) Shares 1,425,166 (-5.6%) Est. Cost $13.47 Unrealized +4.6%

KKR KKR & Co, Inc. 0.0%

Value ($000) $6,462 (-26.5%) Shares 50,688 (-25.1%) Est. Cost $29.56 Unrealized +320.4%

WTW Willis Towers Watson PLC 0.1%

Value ($000) $21,689 (-8.4%) Shares 66,005 (-3.7%) Est. Cost $228.31 Unrealized +43.0%

ALNT Allient, Inc. 0.0%

Value ($000) $4,882 (-24.9%) Shares 90,819 (-37.5%) Est. Cost $30.40 Unrealized +72.0%

CMPR Cimpress PLC 0.3%

Value ($000) $49,320 (-3.1%) Shares 740,659 (-8.2%) Est. Cost $64.77 Unrealized +4.7%

BOKF BOK Financial Corp. 0.0%

Value ($000) $2,070 (-42.7%) Shares 17,471 (-46.1%) Est. Cost $49.98 Unrealized +122.7%

SF Stifel Financial Corp. 0.1%

Value ($000) $20,034 (+8.3%) Shares 159,989 (-1.9%) Est. Cost $58.41 Unrealized +104.8%

ALGT Allegiant Travel Co. 0.0%

Value ($000) $6,464 (-17.5%) Shares 75,804 (-41.2%) Est. Cost $97.88 Unrealized -27.0%

D Dominion Energy, Inc. 0.1%

Value ($000) $20,044 (-6.2%) Shares 342,100 (-2.1%) Est. Cost $54.02 Unrealized +10.6%

TGB Taseko Mines Ltd. 0.1%

Value ($000) $23,977 (+5.4%) Shares 4,236,208 (-21.2%) Est. Cost $2.12 Unrealized +121.6%

SPOT Spotify Technology SA 0.0%

Value ($000) $1,203 (-49.3%) Shares 2,071 (-39.0%) Est. Cost $183.25 Unrealized +241.1%

MAMA Mama's Creations, Inc. 0.0%

Value ($000) $6,440 (+20.2%) Shares 477,427 (-6.3%) Est. Cost $5.13 Unrealized +124.2%

DCO Ducommun, Inc. 0.1%

Value ($000) $13,485 (-6.7%) Shares 141,757 (-5.7%) Est. Cost $54.64 Unrealized +70.5%

STZ Constellation Brands, Inc. (Cl 0.2%

Value ($000) $31,767 (-2.6%) Shares 230,266 (-4.9%) Est. Cost $171.90 Unrealized -20.4%

PESI Perma-Fix Environmental Servic 0.0%

Value ($000) $4,870 (+20.1%) Shares 386,843 (-3.7%) Est. Cost $10.67 Unrealized +19.4%

LOB Live Oak Bancshares, Inc. 0.0%

Value ($000) $7,011 (-10.3%) Shares 204,093 (-8.1%) Est. Cost $41.79 Unrealized -19.9%

ONDS Ondas Holdings, Inc. 0.0%

Value ($000) $1,279 (-34.4%) Shares 131,061 (-48.1%) Est. Cost $1.58 Unrealized +408.3%

LPLA LPL Financial Holdings, Inc. 0.1%

Value ($000) $12,252 (+4.7%) Shares 34,304 (-2.5%) Est. Cost $307.79 Unrealized +14.9%

BDX Becton, Dickinson and Co. 0.2%

Value ($000) $29,681 (+1.7%) Shares 152,941 (-1.9%) Est. Cost $224.47 Unrealized -15.6%

MLR Miller Industries, Inc. 0.0%

Value ($000) $1,475 (-24.5%) Shares 39,460 (-18.4%) Est. Cost $38.69 Unrealized +0.2%

GHM Graham Corp. 0.0%

Value ($000) $9,597 (-4.1%) Shares 149,422 (-18.0%) Est. Cost $14.90 Unrealized +305.1%

ULTA Ulta Beauty, Inc. 0.1%

Value ($000) $19,691 (-1.4%) Shares 32,547 (-10.9%) Est. Cost $390.50 Unrealized +40.8%

ALOT AstroNova, Inc. 0.0%

Value ($000) $1,162 (-19.4%) Shares 134,365 (-4.5%) Est. Cost $12.57 Unrealized -30.7%

FIP FTAI Infrastructure Incorporat 0.0%

Value ($000) $8,065 (+3.5%) Shares 1,749,524 (-2.1%) Est. Cost $6.78 Unrealized -27.6%

AUPH Aurinia Pharmaceuticals, Inc. 0.0%

Value ($000) $1,471 (+14.5%) Shares 92,212 (-20.6%) Est. Cost $9.36 Unrealized +51.5%

NVS Novartis AG ADR 0.0%

Value ($000) $3,422 (-4.1%) Shares 24,822 (-10.8%) Est. Cost $94.12 Unrealized —

VTR Ventas, Inc. 0.1%

Value ($000) $10,464 (+1.4%) Shares 135,229 (-8.3%) Est. Cost $62.10 Unrealized +20.7%

JOUT Johnson Outdoors, Inc. (Cl A) 0.0%

Value ($000) $1,789 (-7.0%) Shares 42,135 (-11.5%) Est. Cost $33.53 Unrealized +23.5%

AEO American Eagle Outfitters, Inc 0.0%

Value ($000) $2,596 (-4.8%) Shares 98,429 (-38.2%) Est. Cost $10.75 Unrealized +82.9%

PCYO Pure Cycle Corp. 0.0%

Value ($000) $832 (-5.3%) Shares 75,739 (-4.6%) Est. Cost $12.50 Unrealized -10.5%

CRWS Crown Crafts, Inc. 0.0%

Value ($000) $295 (-9.1%) Shares 106,493 (-4.5%) Est. Cost $4.31 Unrealized -37.0%

NTIC Northern Technologies Internat 0.0%

Value ($000) $559 (-3.0%) Shares 71,421 (-4.5%) Est. Cost $13.23 Unrealized -42.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HCA	HCA Healthcare, Inc.	46,961 (-92.9%)	$21,924 (-92.3%)	0.1%	$210.30	+120.5%	COM	40412C101
GM	General Motors Co.	2,309,683 (-64.0%)	$187,823 (-52.0%)	1.0%	$37.86	+86.0%	COM	37045V100
LH	Labcorp Holdings, Inc.	1,260,116 (-23.3%)	$316,138 (-32.9%)	1.6%	$199.75	+32.7%	COM	504922105
FERG	Ferguson Enterprises, Inc.	978,046 (-36.6%)	$217,742 (-37.1%)	1.1%	$191.69	+24.1%	COM	31488V107
BRK/B	Berkshire Hathaway, Inc. (Cl B	1,529,650 (-13.7%)	$768,879 (-13.7%)	3.9%	$360.25	+38.1%	COM	084670702
LHX	L3Harris Technologies, Inc.	800,173 (-28.8%)	$234,907 (-31.5%)	1.2%	$164.11	+75.8%	COM	502431109
SYY	Sysco Corp.	5,691,461 (-10.3%)	$419,404 (-19.7%)	2.1%	$73.33	+3.0%	COM	871829107
ABT	Abbott Laboratories	5,169,513 (-7.7%)	$647,688 (-13.7%)	3.3%	$55.43	+129.7%	COM	002824100
NVR	NVR, Inc.	30,429 (-24.2%)	$221,912 (-31.2%)	1.1%	$3946.59	+89.4%	COM	62944T105
COP	ConocoPhillips	4,151,201 (-18.9%)	$388,594 (-19.8%)	2.0%	$85.99	+4.7%	COM	20825C104
HIG	Hartford Insurance Group, Inc.	237,721 (-75.2%)	$32,758 (-74.4%)	0.2%	$43.83	+200.2%	COM	416515104
MLM	Martin Marietta Materials, Inc	446,526 (-23.3%)	$278,034 (-24.2%)	1.4%	$434.42	+43.0%	COM	573284106
AMZN	Amazon.com, Inc.	1,098,816 (-27.4%)	$253,629 (-23.7%)	1.3%	$131.37	+74.2%	COM	023135106
WCC	WESCO International, Inc.	176,737 (-68.7%)	$43,237 (-63.8%)	0.2%	$49.56	+394.2%	COM	95082P105
CL	Colgate-Palmolive Co.	7,233,374 (-10.5%)	$571,581 (-11.5%)	2.9%	$89.28	-12.3%	COM	194162103
GIS	General Mills, Inc.	6,755,061 (-11.4%)	$314,110 (-18.3%)	1.6%	$55.56	-14.6%	COM	370334104
KMX	CarMax, Inc.	4,210,038 (-12.9%)	$162,676 (-25.0%)	0.8%	$65.59	-39.0%	COM	143130102
UNP	Union Pacific Corp.	1,544,680 (-10.2%)	$357,315 (-12.1%)	1.8%	$209.18	+8.7%	COM	907818108
CIEN	Ciena Corp.	182,577 (-70.2%)	$42,699 (-52.2%)	0.2%	$47.11	+311.8%	COM	171779309
PFE	Pfizer, Inc.	9,439,267 (-13.6%)	$235,038 (-15.6%)	1.2%	$24.26	+3.2%	COM	717081103
MET	MetLife, Inc.	3,631,783 (-9.2%)	$286,693 (-13.0%)	1.5%	$81.16	-2.7%	COM	59156R108
TXN	Texas Instruments, Inc.	3,224,189 (-1.4%)	$559,365 (-6.9%)	2.9%	$146.67	+16.4%	COM	882508104
RRX	Regal Rexnord Corp.	2,361,604 (-8.6%)	$331,380 (-10.6%)	1.7%	$137.55	+3.4%	COM	758750103
MDT	Medtronic PLC	2,307,586 (-15.5%)	$221,667 (-14.8%)	1.1%	$70.61	+37.6%	COM	G5960L103
LEA	Lear Corp.	167,697 (-66.0%)	$19,218 (-61.3%)	0.1%	$122.59	-13.3%	COM	521865204
EXR	Extra Space Storage, Inc.	2,382,516 (-1.3%)	$310,251 (-8.8%)	1.6%	$127.43	+5.9%	COM	30225T102
SSNC	SS&C Technologies Holdings, In	3,153,268 (-7.5%)	$275,659 (-8.9%)	1.4%	$69.06	+23.5%	COM	78467J100
AIG	American International Group,	10,817,462 (-10.7%)	$925,434 (-2.7%)	4.7%	$41.11	+93.8%	COM	026874784
RRR	Red Rock Resorts, Inc. (Cl A)	2,003,236 (-18.2%)	$124,100 (-17.0%)	0.6%	$26.25	+122.8%	COM	75700L108
TMO	Thermo Fisher Scientific, Inc.	460,301 (-7.9%)	$266,721 (+10.0%)	1.4%	$464.78	+21.6%	COM	883556102
DIS	Walt Disney Co.	3,023,740 (-5.7%)	$344,011 (-6.3%)	1.8%	$106.39	+3.0%	COM	254687106
NUE	Nucor Corp.	1,531,092 (-9.1%)	$249,736 (+9.4%)	1.3%	$126.92	+18.0%	COM	670346105
SBUX	Starbucks Corp.	2,771,343 (-7.6%)	$233,375 (-8.0%)	1.2%	$79.47	+5.8%	COM	855244109
CIVI	Civitas Resources, Inc.	653,369 (-43.7%)	$17,700 (-53.0%)	0.1%	$48.79	-41.5%	COM	17888H103
MZTI	Marzetti Co.	93,654 (-51.4%)	$15,399 (-53.7%)	0.1%	$159.84	+4.4%	COM	513847103
FDX	FedEx Corp.	655,987 (-10.0%)	$189,488 (+10.2%)	1.0%	$228.30	+14.6%	COM	31428X106
HII	Huntington Ingalls Industries,	327,342 (-25.9%)	$111,319 (-12.5%)	0.6%	$220.43	+40.4%	COM	446413106
ADBE	Adobe, Inc.	988,179 (-3.5%)	$345,853 (-4.3%)	1.8%	$380.78	-10.7%	COM	00724F101
BAC	Bank of America Corp.	7,225,338 (-9.5%)	$397,394 (-3.5%)	2.0%	$25.10	+109.8%	COM	060505104
CRM	Salesforce, Inc.	1,530,749 (-7.4%)	$405,511 (+3.5%)	2.1%	$298.11	-16.8%	COM	79466L302
HLIO	Helios Technologies, Inc.	34,930 (-88.0%)	$1,868 (-87.7%)	0.0%	$41.08	+31.2%	COM	42328H109
GTES	Gates Industrial Corp. PLC	1,936,513 (-8.7%)	$41,577 (-21.0%)	0.2%	$15.92	+45.0%	COM	G39108108
MS	Morgan Stanley	100,422 (-44.6%)	$17,828 (-38.2%)	0.1%	$26.77	+521.8%	COM	617446448
V	Visa, Inc. (Cl A)	606,185 (-7.4%)	$212,595 (-4.9%)	1.1%	$190.17	+79.0%	COM	92826C839
ILMN	Illumina, Inc.	327,331 (-4.6%)	$42,933 (+31.8%)	0.2%	$104.62	+12.2%	COM	452327109
ACN	Accenture PLC (Cl A)	778,679 (-10.8%)	$208,920 (-2.9%)	1.1%	$326.24	-22.1%	COM	G1151C101
FWONK	Liberty Media Corp. Series C L	344,689 (-9.7%)	$33,955 (-14.9%)	0.2%	$62.30	—	COM	531229755
KEY	KeyCorp	10,712,524 (-11.5%)	$221,106 (-2.3%)	1.1%	$13.19	+40.2%	COM	493267108
RNR	RenaissanceRe Holdings Ltd.	89,151 (-25.2%)	$25,066 (-17.2%)	0.1%	$170.46	+54.4%	COM	G7496G103
CCS	Century Communities, Inc.	30,564 (-71.6%)	$1,814 (-73.4%)	0.0%	$54.72	+10.9%	COM	156504300
BBWI	Bath & Body Works, Inc.	241,609 (-34.6%)	$4,852 (-49.0%)	0.0%	$30.92	-29.8%	COM	070830104
GOOGL	Alphabet, Inc. (Cl A)	335,357 (-18.8%)	$104,967 (+4.6%)	0.5%	$110.50	+158.5%	COM	02079K305
PH	Parker-Hannifin Corp.	82,986 (-18.3%)	$72,941 (-5.3%)	0.4%	$125.89	+549.6%	COM	701094104
LEU	Centrus Energy Corp. (Cl A)	4,578 (-72.1%)	$1,111 (-78.1%)	0.0%	$39.35	+667.3%	COM	15643U104
COF	Capital One Financial Corp.	2,487,661 (-11.8%)	$602,910 (+0.6%)	3.1%	$186.32	+19.3%	COM	14040H105
GDDY	GoDaddy, Inc. (Cl A)	174,753 (-5.1%)	$21,683 (-13.9%)	0.1%	$101.39	+27.6%	COM	380237107
BSX	Boston Scientific Corp.	250,214 (-10.0%)	$23,858 (-12.1%)	0.1%	$14.38	+581.9%	COM	101137107
FCX	Freeport-McMoRan, Inc.	746,364 (-28.5%)	$37,908 (-7.5%)	0.2%	$35.64	+21.5%	COM	35671D857
FANG	Diamondback Energy, Inc.	2,551,566 (-5.5%)	$383,577 (-0.8%)	2.0%	$155.34	-5.3%	COM	25278X109
CTRA	Coterra Energy, Inc.	2,111,621 (-14.4%)	$55,578 (-4.7%)	0.3%	$17.08	+47.0%	COM	127097103
L	Loews Corp.	95,999 (-24.8%)	$10,110 (-21.1%)	0.1%	$38.25	+169.8%	COM	540424108
JCI	Johnson Controls International	189,141 (-17.7%)	$22,650 (-10.4%)	0.1%	$54.74	+109.7%	COM	G51502105
FA	First Advantage Corp.	1,425,166 (-5.6%)	$20,708 (-10.8%)	0.1%	$13.47	+4.6%	COM	31846B108
KKR	KKR & Co, Inc.	50,688 (-25.1%)	$6,462 (-26.5%)	0.0%	$29.56	+320.4%	COM	48251W104
WTW	Willis Towers Watson PLC	66,005 (-3.7%)	$21,689 (-8.4%)	0.1%	$228.31	+43.0%	COM	G96629103
ALNT	Allient, Inc.	90,819 (-37.5%)	$4,882 (-24.9%)	0.0%	$30.40	+72.0%	COM	019330109
CMPR	Cimpress PLC	740,659 (-8.2%)	$49,320 (-3.1%)	0.3%	$64.77	+4.7%	COM	G2143T103
BOKF	BOK Financial Corp.	17,471 (-46.1%)	$2,070 (-42.7%)	0.0%	$49.98	+122.7%	COM	05561Q201
SF	Stifel Financial Corp.	159,989 (-1.9%)	$20,034 (+8.3%)	0.1%	$58.41	+104.8%	COM	860630102
ALGT	Allegiant Travel Co.	75,804 (-41.2%)	$6,464 (-17.5%)	0.0%	$97.88	-27.0%	COM	01748X102
D	Dominion Energy, Inc.	342,100 (-2.1%)	$20,044 (-6.2%)	0.1%	$54.02	+10.6%	COM	25746U109
TGB	Taseko Mines Ltd.	4,236,208 (-21.2%)	$23,977 (+5.4%)	0.1%	$2.12	+121.6%	COM	876511106
SPOT	Spotify Technology SA	2,071 (-39.0%)	$1,203 (-49.3%)	0.0%	$183.25	+241.1%	COM	L8681T102
MAMA	Mama's Creations, Inc.	477,427 (-6.3%)	$6,440 (+20.2%)	0.0%	$5.13	+124.2%	COM	56146T103
DCO	Ducommun, Inc.	141,757 (-5.7%)	$13,485 (-6.7%)	0.1%	$54.64	+70.5%	COM	264147109
STZ	Constellation Brands, Inc. (Cl	230,266 (-4.9%)	$31,767 (-2.6%)	0.2%	$171.90	-20.4%	COM	21036P108
PESI	Perma-Fix Environmental Servic	386,843 (-3.7%)	$4,870 (+20.1%)	0.0%	$10.67	+19.4%	COM	714157203
LOB	Live Oak Bancshares, Inc.	204,093 (-8.1%)	$7,011 (-10.3%)	0.0%	$41.79	-19.9%	COM	53803X105
ONDS	Ondas Holdings, Inc.	131,061 (-48.1%)	$1,279 (-34.4%)	0.0%	$1.58	+408.3%	COM	68236H204
LPLA	LPL Financial Holdings, Inc.	34,304 (-2.5%)	$12,252 (+4.7%)	0.1%	$307.79	+14.9%	COM	50212V100
BDX	Becton, Dickinson and Co.	152,941 (-1.9%)	$29,681 (+1.7%)	0.2%	$224.47	-15.6%	COM	075887109
MLR	Miller Industries, Inc.	39,460 (-18.4%)	$1,475 (-24.5%)	0.0%	$38.69	+0.2%	COM	600551204
GHM	Graham Corp.	149,422 (-18.0%)	$9,597 (-4.1%)	0.0%	$14.90	+305.1%	COM	384556106
ULTA	Ulta Beauty, Inc.	32,547 (-10.9%)	$19,691 (-1.4%)	0.1%	$390.50	+40.8%	COM	90384S303
ALOT	AstroNova, Inc.	134,365 (-4.5%)	$1,162 (-19.4%)	0.0%	$12.57	-30.7%	COM	04638F108
FIP	FTAI Infrastructure Incorporat	1,749,524 (-2.1%)	$8,065 (+3.5%)	0.0%	$6.78	-27.6%	COM	35953C106
AUPH	Aurinia Pharmaceuticals, Inc.	92,212 (-20.6%)	$1,471 (+14.5%)	0.0%	$9.36	+51.5%	COM	05156V102
NVS	Novartis AG ADR	24,822 (-10.8%)	$3,422 (-4.1%)	0.0%	$94.12	—	ADR	66987V109
VTR	Ventas, Inc.	135,229 (-8.3%)	$10,464 (+1.4%)	0.1%	$62.10	+20.7%	COM	92276F100
JOUT	Johnson Outdoors, Inc. (Cl A)	42,135 (-11.5%)	$1,789 (-7.0%)	0.0%	$33.53	+23.5%	COM	479167108
AEO	American Eagle Outfitters, Inc	98,429 (-38.2%)	$2,596 (-4.8%)	0.0%	$10.75	+82.9%	COM	02553E106
PCYO	Pure Cycle Corp.	75,739 (-4.6%)	$832 (-5.3%)	0.0%	$12.50	-10.5%	COM	746228303
CRWS	Crown Crafts, Inc.	106,493 (-4.5%)	$295 (-9.1%)	0.0%	$4.31	-37.0%	COM	228309100
NTIC	Northern Technologies Internat	71,421 (-4.5%)	$559 (-3.0%)	0.0%	$13.23	-42.0%	COM	665809109

Unchanged Positions (17)

IP International Paper Co. 1.1%

Value ($000) $214,814 Shares 5,453,523 Est. Cost $43.49 Unrealized -6.1%

C Citigroup, Inc. 0.5%

Value ($000) $88,230 Shares 756,106 Est. Cost $47.00 Unrealized +120.5%

POST Post Holdings, Inc. 0.5%

Value ($000) $88,474 Shares 893,221 Est. Cost $51.33 Unrealized +101.7%

TSM Taiwan Semiconductor Manufactu 0.5%

Value ($000) $99,670 Shares 327,979 Est. Cost $116.54 Unrealized —

WBS Webster Financial Corp. 0.2%

Value ($000) $43,156 Shares 685,676 Est. Cost $58.90 Unrealized +0.8%

GNRC Generac Holdings, Inc. 0.0%

Value ($000) $7,762 Shares 56,918 Est. Cost $122.00 Unrealized +32.3%

ERII Energy Recovery, Inc. 0.1%

Value ($000) $11,984 Shares 888,358 Est. Cost $18.96 Unrealized -20.0%

TJX TJX Cos., Inc. 0.1%

Value ($000) $20,648 Shares 134,416 Est. Cost $42.72 Unrealized +245.8%

QURE uniQure N.V. 0.0%

Value ($000) $798 Shares 33,333 Est. Cost $8.41 Unrealized +358.8%

BRO Brown & Brown, Inc. 0.0%

Value ($000) $6,352 Shares 79,697 Est. Cost $18.93 Unrealized +340.3%

REXR Rexford Industrial Realty, Inc 0.1%

Value ($000) $16,527 Shares 426,840 Est. Cost $38.80 Unrealized —

FHN First Horizon Corp. 0.1%

Value ($000) $11,716 Shares 490,196 Est. Cost $11.40 Unrealized +94.7%

HDB HDFC Bank Ltd. ADR 0.0%

Value ($000) $5,775 Shares 158,056 Est. Cost $49.59 Unrealized —

CNH CNH Industrial NV 0.0%

Value ($000) $2,055 Shares 222,906 Est. Cost $11.33 Unrealized -11.8%

— Synovus Financial Corp. 0.1%

Value ($000) $12,479 Shares 249,330 Est. Cost $40.19 Unrealized —

DHLX Diamond Hill Large Cap Concent 0.1%

Value ($000) $15,429 Shares 1,165,305 Est. Cost $13.09 Unrealized —

HUM Humana, Inc. 0.1%

Value ($000) $20,382 Shares 79,575 Est. Cost $328.67 Unrealized -20.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IP	International Paper Co.	5,453,523	$214,814	1.1%	$43.49	-6.1%	COM	460146103
C	Citigroup, Inc.	756,106	$88,230	0.5%	$47.00	+120.5%	COM	172967424
POST	Post Holdings, Inc.	893,221	$88,474	0.5%	$51.33	+101.7%	COM	737446104
TSM	Taiwan Semiconductor Manufactu	327,979	$99,670	0.5%	$116.54	—	ADS	874039100
WBS	Webster Financial Corp.	685,676	$43,156	0.2%	$58.90	+0.8%	COM	947890109
GNRC	Generac Holdings, Inc.	56,918	$7,762	0.0%	$122.00	+32.3%	COM	368736104
ERII	Energy Recovery, Inc.	888,358	$11,984	0.1%	$18.96	-20.0%	COM	29270J100
TJX	TJX Cos., Inc.	134,416	$20,648	0.1%	$42.72	+245.8%	COM	872540109
QURE	uniQure N.V.	33,333	$798	0.0%	$8.41	+358.8%	COM	N90064101
BRO	Brown & Brown, Inc.	79,697	$6,352	0.0%	$18.93	+340.3%	COM	115236101
REXR	Rexford Industrial Realty, Inc	426,840	$16,527	0.1%	$38.80	—	COM	76169C100
FHN	First Horizon Corp.	490,196	$11,716	0.1%	$11.40	+94.7%	COM	320517105
HDB	HDFC Bank Ltd. ADR	158,056	$5,775	0.0%	$49.59	—	ADS	40415F101
CNH	CNH Industrial NV	222,906	$2,055	0.0%	$11.33	-11.8%	COM	N20944109
—	Synovus Financial Corp.	249,330	$12,479	0.1%	$40.19	—	COM	87161C501
DHLX	Diamond Hill Large Cap Concent	1,165,305	$15,429	0.1%	$13.09	—	COM	25264S320
HUM	Humana, Inc.	79,575	$20,382	0.1%	$328.67	-20.5%	COM	444859102