Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ANET	ARISTA NETWORKS INC	19,100	$3.245M	0.4%	$169.88	—	COM SHS	040413205
ELMT	ELMET GROUP CO (THE)	108,217	$2.136M	0.3%	$19.74	—	COMMON STOCK	289395105
DPZ	DOMINOS PIZZA INC	5,500	$1.628M	0.2%	$296.04	—	COM	25754A201
ROCK	GIBRALTAR INDS INC	33,350	$1.504M	0.2%	$45.10	—	COM	374689107
LULU	LULULEMON ATHLETICA INC	6,600	$754K	0.1%	$114.18	—	COM	550021109
CME	CME GROUP INC	3,150	$696K	0.1%	$220.83	—	COM	12572Q105
BWMN	BOWMAN CONSULTING GROUP LTD	17,865	$522K	0.1%	$29.20	—	COM	103002101
OSIS	OSI SYSTEMS INC	2,075	$454K	0.1%	$218.70	—	COM	671044105
JKHY	HENRY JACK & ASSOC INC	3,150	$434K	0.1%	$137.74	—	COM	426281101
FTK	FLOTEK INDUSTRIES INC	16,700	$393K	0.0%	$23.52	—	COM NEW	343389409
SAM	BOSTON BEER INC	2,100	$372K	0.0%	$177.03	—	CL A	100557107
GNTX	GENTEX CORP	13,550	$342K	0.0%	$25.27	—	COM	371901109
ICE	INTERCONTINENTAL EXCHANGE IN	2,150	$265K	0.0%	$123.11	—	COM	45866F104
COST	COSTCO WHOLESALE CORPORATION	200	$187K	0.0%	$935.47	—	COM	22160K105
HPE	HEWLETT PACKARD ENTERPRISE C	1,950	$87,965	0.0%	$45.11	—	COM	42824C109
MSTR	STRATEGY INC	1,000	$86,930	0.0%	$86.93	—	CL A NEW	594972408
FDXF	FEDEX FGHT HLDG CO INC	361	$54,511	0.0%	$151.00	—	COMMON STOCK	314352105
VZ	VERIZON COMMUNICATIONS INC	700	$29,638	0.0%	$42.34	—	COM	92343V104
CAR	AVIS BUDGET GROUP INC	100	$14,783	0.0%	$147.83	—	COM	053774105
HPQ	HP INC	650	$14,261	0.0%	$21.94	—	COM	40434L105
DXC	DXC TECHNOLOGY CO	600	$5,310	0.0%	$8.85	—	COM	23355L106

Increased Positions (44)

DBD DIEBOLD NIXDORF INC 4.9%

Value $39.89M (+15.2%) Shares 469,185 (+2.2%) Est. Cost $37.09 Unrealized —

CNR CORE NATURAL RESOURCES INC 2.2%

Value $18.11M (-19.0%) Shares 226,302 (+6.0%) Est. Cost $83.83 Unrealized —

QDEL QUIDELORTHO CORP 1.2%

Value $9.818M (+75.0%) Shares 560,414 (+64.1%) Est. Cost $30.76 Unrealized —

ADBE ADOBE INC 1.2%

Value $10.06M (+65.0%) Shares 49,085 (+95.6%) Est. Cost $248.40 Unrealized —

SCHW SCHWAB CHARLES CORP 1.6%

Value $12.9M (+37.8%) Shares 139,835 (+40.3%) Est. Cost $92.78 Unrealized —

HCC WARRIOR MET COAL INC 0.7%

Value $5.397M (+153.0%) Shares 66,500 (+190.4%) Est. Cost $76.52 Unrealized —

CHDN CHURCHILL DOWNS INC 1.1%

Value $9.255M (+40.4%) Shares 103,250 (+40.7%) Est. Cost $96.90 Unrealized —

CPB THE CAMPBELLS COMPANY 0.5%

Value $3.837M (+116.9%) Shares 172,300 (+116.9%) Est. Cost $24.59 Unrealized —

FISV FISERV INC 0.2%

Value $1.91M (+2039.9%) Shares 38,950 (+2334.4%) Est. Cost $49.66 Unrealized —

V VISA INC 1.6%

Value $12.95M (+16.1%) Shares 37,735 (+2.3%) Est. Cost $80.47 Unrealized —

VNT VONTIER CORPORATION 0.5%

Value $3.845M (+83.3%) Shares 132,600 (+124.2%) Est. Cost $31.37 Unrealized —

DEC DIVERSIFIED ENERGY CO 0.3%

Value $2.155M (+291.7%) Shares 155,500 (+392.9%) Est. Cost $13.86 Unrealized —

TMUS T-MOBILE US INC 1.2%

Value $9.955M (+15.3%) Shares 59,350 (+44.4%) Est. Cost $179.11 Unrealized —

DNOW DNOW INC 0.3%

Value $2.292M (+110.0%) Shares 176,700 (+92.8%) Est. Cost $13.66 Unrealized —

MZTI MARZETTI COMPANY 0.2%

Value $1.538M (+171.2%) Shares 13,475 (+228.7%) Est. Cost $129.46 Unrealized —

GEHC GE HEALTHCARE TECHNOLOGIES I 1.5%

Value $12.42M (+8.3%) Shares 194,040 (+20.5%) Est. Cost $73.89 Unrealized —

SSNC SS&C TECH HLDGS 1.3%

Value $10.26M (+9.6%) Shares 165,275 (+19.4%) Est. Cost $69.47 Unrealized —

PRDO PERDOCEO ED CORP 0.5%

Value $3.894M (+28.4%) Shares 121,700 (+49.3%) Est. Cost $31.83 Unrealized —

BBY BEST BUY INC 0.6%

Value $4.78M (+20.2%) Shares 63,000 (+1.7%) Est. Cost $72.55 Unrealized —

UPS UNITED PARCEL SVCS INC 0.7%

Value $5.738M (+12.3%) Shares 53,375 (+2.7%) Est. Cost $113.70 Unrealized —

META META PLATFORMS INC 0.7%

Value $5.557M (+11.8%) Shares 9,865 (+13.5%) Est. Cost $388.11 Unrealized —

TAP MOLSON COORS BEVERAGE CO 1.9%

Value $15.34M (+3.9%) Shares 393,750 (+14.9%) Est. Cost $48.54 Unrealized —

BIO BIO RAD LABS INC 0.3%

Value $2.121M (+34.7%) Shares 7,225 (+27.9%) Est. Cost $275.74 Unrealized —

LKQ LKQ CORP 0.8%

Value $6.331M (+9.1%) Shares 240,450 (+21.7%) Est. Cost $33.40 Unrealized —

MSFT MICROSOFT CORP 0.6%

Value $4.607M (+11.6%) Shares 12,350 (+10.7%) Est. Cost $414.81 Unrealized —

HLMN HILLMAN SOLUTIONS CORP 0.6%

Value $4.86M (+8.4%) Shares 575,800 (+6.9%) Est. Cost $8.72 Unrealized —

LOPE GRAND CANYON ED INC 1.0%

Value $8.238M (+4.4%) Shares 57,565 (+24.0%) Est. Cost $109.37 Unrealized —

HLLY HOLLEY INC 0.3%

Value $2.728M (-10.6%) Shares 1,069,829 (+7.6%) Est. Cost $5.08 Unrealized —

SPGI S&P GLOBAL INC 0.4%

Value $3.293M (+10.5%) Shares 8,085 (+15.5%) Est. Cost $453.21 Unrealized —

XRAY DENTSPLY SIRONA INC 0.2%

Value $1.876M (+18.3%) Shares 176,850 (+29.4%) Est. Cost $11.69 Unrealized —

BOOT BOOT BARN HLDGS INC 0.1%

Value $640K (+56.3%) Shares 3,899 (+39.3%) Est. Cost $99.78 Unrealized —

NVDA NVIDIA CORPORATION 0.0%

Value $400K (+129.5%) Shares 2,000 (+100.0%) Est. Cost $193.36 Unrealized —

GLOO GLOO HOLDINGS INC 0.1%

Value $466K (+86.9%) Shares 102,362 (+97.6%) Est. Cost $5.99 Unrealized —

FDS FACTSET RESH SYS INC 0.1%

Value $1.219M (+19.6%) Shares 5,300 (+12.8%) Est. Cost $245.18 Unrealized —

CSGP COSTAR GROUP INC 0.2%

Value $1.477M (+14.2%) Shares 52,150 (+62.7%) Est. Cost $50.44 Unrealized —

AEYE AUDIOEYE INC 0.2%

Value $1.561M (+10.0%) Shares 268,750 (+20.6%) Est. Cost $11.06 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.2%

Value $2.018M (+7.3%) Shares 4,025 (+5.2%) Est. Cost $570.97 Unrealized —

AR ANTERO RESOURCES CORP 0.1%

Value $464K (+31.7%) Shares 13,200 (+59.0%) Est. Cost $34.29 Unrealized —

ZBH ZIMMER BIOMET HOLDINGS INC 0.2%

Value $1.266M (+8.3%) Shares 14,711 (+13.8%) Est. Cost $94.33 Unrealized —

AMT AMERICAN TOWER CORP 1.2%

Value $10.06M (-0.7%) Shares 61,491 (+4.7%) Est. Cost $174.49 Unrealized —

CCOI COGENT COMM HOLDINGS INC 0.2%

Value $1.366M (+5.6%) Shares 98,425 (+43.4%) Est. Cost $38.09 Unrealized —

GENK GEN RESTAURENT GROUP 0.0%

Value $348K (+20.8%) Shares 176,413 (+20.2%) Est. Cost $7.25 Unrealized —

ASUR ASURE SOFTWARE INC 0.0%

Value $386K (+10.5%) Shares 48,638 (+19.7%) Est. Cost $8.97 Unrealized —

ALGN ALIGN TECHNOLOGY INC 0.3%

Value $2.623M (-0.0%) Shares 15,550 (+1.6%) Est. Cost $163.67 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DBD	DIEBOLD NIXDORF INC	469,185 (+2.2%)	$39.89M (+15.2%)	4.9%	$37.09	—	COM SHS	253651202
CNR	CORE NATURAL RESOURCES INC	226,302 (+6.0%)	$18.11M (-19.0%)	2.2%	$83.83	—	COM SHS	218937100
QDEL	QUIDELORTHO CORP	560,414 (+64.1%)	$9.818M (+75.0%)	1.2%	$30.76	—	COM	219798105
ADBE	ADOBE INC	49,085 (+95.6%)	$10.06M (+65.0%)	1.2%	$248.40	—	COM	00724F101
SCHW	SCHWAB CHARLES CORP	139,835 (+40.3%)	$12.9M (+37.8%)	1.6%	$92.78	—	COM	808513105
HCC	WARRIOR MET COAL INC	66,500 (+190.4%)	$5.397M (+153.0%)	0.7%	$76.52	—	COM	93627C101
CHDN	CHURCHILL DOWNS INC	103,250 (+40.7%)	$9.255M (+40.4%)	1.1%	$96.90	—	COM	171484108
CPB	THE CAMPBELLS COMPANY	172,300 (+116.9%)	$3.837M (+116.9%)	0.5%	$24.59	—	COM	134429109
FISV	FISERV INC	38,950 (+2334.4%)	$1.91M (+2039.9%)	0.2%	$49.66	—	COM	337738108
V	VISA INC	37,735 (+2.3%)	$12.95M (+16.1%)	1.6%	$80.47	—	COM CL A	92826C839
VNT	VONTIER CORPORATION	132,600 (+124.2%)	$3.845M (+83.3%)	0.5%	$31.37	—	COM	928881101
DEC	DIVERSIFIED ENERGY CO	155,500 (+392.9%)	$2.155M (+291.7%)	0.3%	$13.86	—	COMMON STOCK	25520W107
TMUS	T-MOBILE US INC	59,350 (+44.4%)	$9.955M (+15.3%)	1.2%	$179.11	—	COM	872590104
DNOW	DNOW INC	176,700 (+92.8%)	$2.292M (+110.0%)	0.3%	$13.66	—	COM	67011P100
MZTI	MARZETTI COMPANY	13,475 (+228.7%)	$1.538M (+171.2%)	0.2%	$129.46	—	COM	513847103
GEHC	GE HEALTHCARE TECHNOLOGIES I	194,040 (+20.5%)	$12.42M (+8.3%)	1.5%	$73.89	—	COMMON STOCK	36266G107
SSNC	SS&C TECH HLDGS	165,275 (+19.4%)	$10.26M (+9.6%)	1.3%	$69.47	—	COM	78467J100
PRDO	PERDOCEO ED CORP	121,700 (+49.3%)	$3.894M (+28.4%)	0.5%	$31.83	—	COM	71363P106
BBY	BEST BUY INC	63,000 (+1.7%)	$4.78M (+20.2%)	0.6%	$72.55	—	COM	086516101
UPS	UNITED PARCEL SVCS INC	53,375 (+2.7%)	$5.738M (+12.3%)	0.7%	$113.70	—	CL B	911312106
META	META PLATFORMS INC	9,865 (+13.5%)	$5.557M (+11.8%)	0.7%	$388.11	—	CL A	30303M102
TAP	MOLSON COORS BEVERAGE CO	393,750 (+14.9%)	$15.34M (+3.9%)	1.9%	$48.54	—	CL B	60871R209
BIO	BIO RAD LABS INC	7,225 (+27.9%)	$2.121M (+34.7%)	0.3%	$275.74	—	CL A	090572207
LKQ	LKQ CORP	240,450 (+21.7%)	$6.331M (+9.1%)	0.8%	$33.40	—	COM	501889208
MSFT	MICROSOFT CORP	12,350 (+10.7%)	$4.607M (+11.6%)	0.6%	$414.81	—	COM	594918104
HLMN	HILLMAN SOLUTIONS CORP	575,800 (+6.9%)	$4.86M (+8.4%)	0.6%	$8.72	—	COM	431636109
LOPE	GRAND CANYON ED INC	57,565 (+24.0%)	$8.238M (+4.4%)	1.0%	$109.37	—	COM	38526M106
HLLY	HOLLEY INC	1,069,829 (+7.6%)	$2.728M (-10.6%)	0.3%	$5.08	—	COM	43538H103
SPGI	S&P GLOBAL INC	8,085 (+15.5%)	$3.293M (+10.5%)	0.4%	$453.21	—	COM	78409V104
XRAY	DENTSPLY SIRONA INC	176,850 (+29.4%)	$1.876M (+18.3%)	0.2%	$11.69	—	COM	24906P109
BOOT	BOOT BARN HLDGS INC	3,899 (+39.3%)	$640K (+56.3%)	0.1%	$99.78	—	COM	099406100
NVDA	NVIDIA CORPORATION	2,000 (+100.0%)	$400K (+129.5%)	0.0%	$193.36	—	COM	67066G104
GLOO	GLOO HOLDINGS INC	102,362 (+97.6%)	$466K (+86.9%)	0.1%	$5.99	—	CL A	379598105
FDS	FACTSET RESH SYS INC	5,300 (+12.8%)	$1.219M (+19.6%)	0.1%	$245.18	—	COM	303075105
CSGP	COSTAR GROUP INC	52,150 (+62.7%)	$1.477M (+14.2%)	0.2%	$50.44	—	COM	22160N109
AEYE	AUDIOEYE INC	268,750 (+20.6%)	$1.561M (+10.0%)	0.2%	$11.06	—	COM NEW	050734201
TMO	THERMO FISHER SCIENTIFIC INC	4,025 (+5.2%)	$2.018M (+7.3%)	0.2%	$570.97	—	COM	883556102
AR	ANTERO RESOURCES CORP	13,200 (+59.0%)	$464K (+31.7%)	0.1%	$34.29	—	COM	03674X106
ZBH	ZIMMER BIOMET HOLDINGS INC	14,711 (+13.8%)	$1.266M (+8.3%)	0.2%	$94.33	—	COM	98956P102
AMT	AMERICAN TOWER CORP	61,491 (+4.7%)	$10.06M (-0.7%)	1.2%	$174.49	—	COM	03027X100
CCOI	COGENT COMM HOLDINGS INC	98,425 (+43.4%)	$1.366M (+5.6%)	0.2%	$38.09	—	COM NEW	19239V302
GENK	GEN RESTAURENT GROUP	176,413 (+20.2%)	$348K (+20.8%)	0.0%	$7.25	—	CL A COM	36870C104
ASUR	ASURE SOFTWARE INC	48,638 (+19.7%)	$386K (+10.5%)	0.0%	$8.97	—	COM	04649U102
ALGN	ALIGN TECHNOLOGY INC	15,550 (+1.6%)	$2.623M (-0.0%)	0.3%	$163.67	—	COM	016255101

Exited Positions (10)

ICLR ICON PLC 0.3%

Value $2.136M Shares 19,300 Est. Cost $152.11 Unrealized —

ADM ARCHER DANIELS MIDLAND CO 0.1%

Value $1.09M Shares 15,000 Est. Cost $53.09 Unrealized —

JBSS SANFILIPPO JOHN B & SON INC 0.1%

Value $1.071M Shares 13,500 Est. Cost $69.10 Unrealized —

WAT WATERS CORP 0.0%

Value $372K Shares 1,250 Est. Cost $367.10 Unrealized —

CRM SALESFORCE INC 0.0%

Value $187K Shares 1,000 Est. Cost $215.77 Unrealized —

CENTA CENTRAL GARDEN & PET CO 0.0%

Value $143K Shares 4,400 Est. Cost $28.91 Unrealized —

SLV ISHARES SILVER TR 0.0%

Value $136K Shares 2,000 Est. Cost $68.14 Unrealized —

CZR CAESARS ENTERTAINMENT INC NE 0.0%

Value $106K Shares 4,000 Est. Cost $22.01 Unrealized —

MU MICRON TECHNOLOGY INC 0.0%

Value $101K Shares 300 Est. Cost $387.04 Unrealized —

COIN COINBASE GLOBAL INC 0.0%

Value $69,844 Shares 400 Est. Cost $200.57 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ICLR	ICON PLC	19,300	$2.136M	0.3%	$152.11	—	—	G4705A100
ADM	ARCHER DANIELS MIDLAND CO	15,000	$1.09M	0.1%	$53.09	—	—	039483102
JBSS	SANFILIPPO JOHN B & SON INC	13,500	$1.071M	0.1%	$69.10	—	—	800422107
WAT	WATERS CORP	1,250	$372K	0.0%	$367.10	—	—	941848103
CRM	SALESFORCE INC	1,000	$187K	0.0%	$215.77	—	—	79466L302
CENTA	CENTRAL GARDEN & PET CO	4,400	$143K	0.0%	$28.91	—	—	153527205
SLV	ISHARES SILVER TR	2,000	$136K	0.0%	$68.14	—	—	46428Q109
CZR	CAESARS ENTERTAINMENT INC NE	4,000	$106K	0.0%	$22.01	—	—	12769G100
MU	MICRON TECHNOLOGY INC	300	$101K	0.0%	$387.04	—	—	595112103
COIN	COINBASE GLOBAL INC	400	$69,844	0.0%	$200.57	—	—	19260Q107

Decreased Positions (61)

SIMO SILICON MOTION TECHNOLOGY CO 1.4%

Value $11.4M (+106.6%) Shares 34,214 (-30.4%) Est. Cost $70.06 Unrealized —

COHR COHERENT CORP 1.1%

Value $8.592M (-33.6%) Shares 21,780 (-59.9%) Est. Cost $44.21 Unrealized —

OC OWENS CORNING NEW 2.2%

Value $18.19M (+28.6%) Shares 114,440 (-12.5%) Est. Cost $90.67 Unrealized —

GOOGL ALPHABET INC 5.6%

Value $45.2M (+7.4%) Shares 126,475 (-13.6%) Est. Cost $131.49 Unrealized —

UNP UNION PAC CORP 6.8%

Value $55.75M (+5.8%) Shares 204,970 (-5.7%) Est. Cost $116.39 Unrealized —

C CITIGROUP INC 2.1%

Value $16.87M (+16.9%) Shares 120,565 (-5.3%) Est. Cost $53.26 Unrealized —

MITK MITEK SYS INC 0.9%

Value $7.555M (+42.3%) Shares 375,300 (-4.6%) Est. Cost $9.87 Unrealized —

CCI CROWN CASTLE INC 2.6%

Value $21.13M (-9.3%) Shares 279,035 (-2.7%) Est. Cost $68.83 Unrealized —

AAPL APPLE INC 3.3%

Value $26.55M (+8.1%) Shares 91,740 (-5.2%) Est. Cost $75.02 Unrealized —

ON ON SEMICONDUCTOR CORP 0.8%

Value $6.487M (+42.7%) Shares 68,620 (-6.5%) Est. Cost $16.31 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.1%

Value $707K (-73.1%) Shares 1,700 (-82.5%) Est. Cost $334.24 Unrealized —

GNRC GENERAC HLDGS INC 0.9%

Value $7.164M (+33.2%) Shares 24,465 (-11.2%) Est. Cost $129.45 Unrealized —

JOUT JOHNSON OUTDOORS INC 0.1%

Value $1.181M (-57.3%) Shares 25,642 (-56.9%) Est. Cost $45.98 Unrealized —

XOP SPDR SERIES TRUST 0.8%

Value $6.77M (-18.3%) Shares 43,885 (-3.7%) Est. Cost $137.07 Unrealized —

ENS ENERSYS 1.3%

Value $10.37M (+16.6%) Shares 44,365 (-13.3%) Est. Cost $76.20 Unrealized —

FMC FMC CORP 0.2%

Value $1.362M (-50.8%) Shares 118,400 (-26.3%) Est. Cost $66.08 Unrealized —

VITL VITAL FARMS INC 0.1%

Value $580K (-70.1%) Shares 49,900 (-63.7%) Est. Cost $27.83 Unrealized —

KEX KIRBY CORP 0.6%

Value $4.76M (-22.0%) Shares 35,010 (-23.8%) Est. Cost $107.57 Unrealized —

CSX CSX CORP 1.1%

Value $8.74M (-13.2%) Shares 183,875 (-25.0%) Est. Cost $30.73 Unrealized —

ADEA ADEIA INC 1.4%

Value $11.03M (+13.1%) Shares 334,950 (-17.5%) Est. Cost $12.59 Unrealized —

MATW MATTHEWS INTL CORP 0.1%

Value $1.131M (-50.7%) Shares 42,000 (-52.7%) Est. Cost $24.10 Unrealized —

NATR NATURES SUNSHINE PRODS INC 0.0%

Value $345K (-72.7%) Shares 15,824 (-69.9%) Est. Cost $15.94 Unrealized —

UHAL/B U HAUL HOLDING COMPANY 0.4%

Value $2.941M (-22.9%) Shares 50,965 (-40.3%) Est. Cost $53.62 Unrealized —

KOP KOPPERS HOLDINGS INC 0.0%

Value $7,858 (-99.0%) Shares 175 (-99.2%) Est. Cost $32.04 Unrealized —

HAL HALLIBURTON CO 0.3%

Value $2.787M (-22.4%) Shares 82,100 (-10.9%) Est. Cost $30.84 Unrealized —

MTX MINERALS TECHNOLOGIES INC 0.5%

Value $3.83M (-17.3%) Shares 51,779 (-20.7%) Est. Cost $69.21 Unrealized —

AMZN AMAZON COM INC 0.4%

Value $3.238M (-17.2%) Shares 13,585 (-27.7%) Est. Cost $160.67 Unrealized —

XLE SELECT SECTOR SPDR TR 0.4%

Value $3.274M (-16.6%) Shares 61,650 (-3.7%) Est. Cost $57.63 Unrealized —

CWST CASELLA WASTE SYS INC 0.0%

Value $26,667 (-96.0%) Shares 275 (-96.7%) Est. Cost $98.55 Unrealized —

MTUS METALLUS INC 0.4%

Value $2.968M (-17.6%) Shares 158,800 (-28.0%) Est. Cost $14.64 Unrealized —

NEM NEWMONT CORP 0.4%

Value $3.562M (-14.8%) Shares 38,140 (-1.3%) Est. Cost $42.00 Unrealized —

SLB SLB LIMITED 0.4%

Value $3.259M (-15.3%) Shares 70,100 (-6.4%) Est. Cost $37.63 Unrealized —

BMY BRISTOL-MYERS SQUIBB CO 1.0%

Value $7.993M (-6.8%) Shares 138,725 (-1.9%) Est. Cost $50.67 Unrealized —

WAB WABTEC 1.4%

Value $11.46M (+5.1%) Shares 42,525 (-2.6%) Est. Cost $80.06 Unrealized —

CTSO CYTOSORBENTS CORP 0.1%

Value $453K (-53.1%) Shares 1,211,400 (-29.1%) Est. Cost $4.80 Unrealized —

WSC WILLSCOT HLDGS CORP 0.4%

Value $3.537M (+16.1%) Shares 122,550 (-30.2%) Est. Cost $27.23 Unrealized —

TKR TIMKEN CO 0.2%

Value $1.315M (-25.7%) Shares 9,050 (-48.6%) Est. Cost $78.59 Unrealized —

MBLY MOBILEYE GLOBAL INC 0.1%

Value $980K (-31.4%) Shares 101,200 (-51.3%) Est. Cost $14.55 Unrealized —

WMB WILLIAMS COS INC 1.1%

Value $8.804M (-4.8%) Shares 118,425 (-6.8%) Est. Cost $17.90 Unrealized —

PGR PROGRESSIVE CORP 0.2%

Value $1.666M (-19.4%) Shares 7,625 (-26.9%) Est. Cost $209.96 Unrealized —

OXY OCCIDENTAL PETE CORP 0.1%

Value $1.041M (-26.5%) Shares 21,429 (-1.7%) Est. Cost $55.63 Unrealized —

SBAC SBA COMMUNICATIONS CORP 2.4%

Value $19.21M (-1.9%) Shares 108,880 (-4.3%) Est. Cost $207.61 Unrealized —

TNC TENNANT CO 0.1%

Value $499K (-40.1%) Shares 5,700 (-54.6%) Est. Cost $76.88 Unrealized —

LOVE LOVESAC CO 0.6%

Value $5.251M (+6.8%) Shares 314,647 (-5.5%) Est. Cost $19.79 Unrealized —

JPM JPMORGAN CHASE & CO 1.0%

Value $7.786M (+4.3%) Shares 23,785 (-6.3%) Est. Cost $49.55 Unrealized —

BAC BANK OF AMER CORP 0.4%

Value $3.15M (+10.6%) Shares 55,280 (-5.3%) Est. Cost $31.14 Unrealized —

GBX GREENBRIER COS INC 0.1%

Value $904K (-22.4%) Shares 18,440 (-16.7%) Est. Cost $31.24 Unrealized —

TWIN TWIN DISC INC 0.0%

Value $385K (-38.0%) Shares 16,595 (-59.7%) Est. Cost $10.14 Unrealized —

SLGN SILGAN HLDGS INC 0.2%

Value $1.914M (+13.9%) Shares 41,250 (-4.7%) Est. Cost $47.50 Unrealized —

ATRO ASTRONICS CORP 0.2%

Value $1.755M (-8.7%) Shares 21,600 (-25.0%) Est. Cost $17.63 Unrealized —

WCC WESCO INTL INC 0.2%

Value $1.387M (-9.7%) Shares 4,015 (-28.5%) Est. Cost $180.12 Unrealized —

ZETA ZETA GLOBAL HOLDINGS CORP 0.2%

Value $1.401M (+11.5%) Shares 71,200 (-9.8%) Est. Cost $16.81 Unrealized —

MTW MANITOWOC CO INC 0.1%

Value $940K (+17.5%) Shares 67,653 (-1.5%) Est. Cost $11.87 Unrealized —

HAE HAEMONETICS CORP MASS 0.4%

Value $3.572M (-3.7%) Shares 47,625 (-27.6%) Est. Cost $67.02 Unrealized —

MHK MOHAWK INDS INC 0.1%

Value $807K (-13.3%) Shares 6,650 (-29.6%) Est. Cost $116.26 Unrealized —

BC BRUNSWICK CORP 0.2%

Value $1.234M (-7.8%) Shares 14,650 (-20.4%) Est. Cost $68.15 Unrealized —

GPK GRAPHIC PACKAGING HLDG CO 0.4%

Value $3.471M (+3.0%) Shares 328,400 (-3.1%) Est. Cost $18.39 Unrealized —

SPWH SPORTSMANS WHSE HLDGS INC 0.1%

Value $829K (-8.2%) Shares 622,950 (-2.6%) Est. Cost $3.09 Unrealized —

QRHC QUEST RESOURCE HLDG CORP 0.0%

Value $139K (-29.1%) Shares 110,602 (-33.0%) Est. Cost $4.17 Unrealized —

BLMN BLOOMIN BRANDS INC 0.1%

Value $569K (+11.0%) Shares 62,250 (-34.4%) Est. Cost $10.65 Unrealized —

GATX GATX CORP 0.1%

Value $595K (-0.7%) Shares 3,360 (-4.3%) Est. Cost $89.55 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SIMO	SILICON MOTION TECHNOLOGY CO	34,214 (-30.4%)	$11.4M (+106.6%)	1.4%	$70.06	—	SPONSORED ADR	82706C108
COHR	COHERENT CORP	21,780 (-59.9%)	$8.592M (-33.6%)	1.1%	$44.21	—	COM	19247G107
OC	OWENS CORNING NEW	114,440 (-12.5%)	$18.19M (+28.6%)	2.2%	$90.67	—	COM	690742101
GOOGL	ALPHABET INC	126,475 (-13.6%)	$45.2M (+7.4%)	5.6%	$131.49	—	CAP STK CL A	02079K305
UNP	UNION PAC CORP	204,970 (-5.7%)	$55.75M (+5.8%)	6.8%	$116.39	—	COM	907818108
C	CITIGROUP INC	120,565 (-5.3%)	$16.87M (+16.9%)	2.1%	$53.26	—	COM NEW	172967424
MITK	MITEK SYS INC	375,300 (-4.6%)	$7.555M (+42.3%)	0.9%	$9.87	—	COM NEW	606710200
CCI	CROWN CASTLE INC	279,035 (-2.7%)	$21.13M (-9.3%)	2.6%	$68.83	—	COM	22822V101
AAPL	APPLE INC	91,740 (-5.2%)	$26.55M (+8.1%)	3.3%	$75.02	—	COM	037833100
ON	ON SEMICONDUCTOR CORP	68,620 (-6.5%)	$6.487M (+42.7%)	0.8%	$16.31	—	COM	682189105
UNH	UNITEDHEALTH GROUP INC	1,700 (-82.5%)	$707K (-73.1%)	0.1%	$334.24	—	COM	91324P102
GNRC	GENERAC HLDGS INC	24,465 (-11.2%)	$7.164M (+33.2%)	0.9%	$129.45	—	COM	368736104
JOUT	JOHNSON OUTDOORS INC	25,642 (-56.9%)	$1.181M (-57.3%)	0.1%	$45.98	—	CL A	479167108
XOP	SPDR SERIES TRUST	43,885 (-3.7%)	$6.77M (-18.3%)	0.8%	$137.07	—	S&P OILGAS EXP	78468R556
ENS	ENERSYS	44,365 (-13.3%)	$10.37M (+16.6%)	1.3%	$76.20	—	COM	29275Y102
FMC	FMC CORP	118,400 (-26.3%)	$1.362M (-50.8%)	0.2%	$66.08	—	COM NEW	302491303
VITL	VITAL FARMS INC	49,900 (-63.7%)	$580K (-70.1%)	0.1%	$27.83	—	COM	92847W103
KEX	KIRBY CORP	35,010 (-23.8%)	$4.76M (-22.0%)	0.6%	$107.57	—	COM	497266106
CSX	CSX CORP	183,875 (-25.0%)	$8.74M (-13.2%)	1.1%	$30.73	—	COM	126408103
ADEA	ADEIA INC	334,950 (-17.5%)	$11.03M (+13.1%)	1.4%	$12.59	—	COM	00676P107
MATW	MATTHEWS INTL CORP	42,000 (-52.7%)	$1.131M (-50.7%)	0.1%	$24.10	—	CL A	577128101
NATR	NATURES SUNSHINE PRODS INC	15,824 (-69.9%)	$345K (-72.7%)	0.0%	$15.94	—	COM	639027101
UHAL/B	U HAUL HOLDING COMPANY	50,965 (-40.3%)	$2.941M (-22.9%)	0.4%	$53.62	—	COM SER N	023586506
KOP	KOPPERS HOLDINGS INC	175 (-99.2%)	$7,858 (-99.0%)	0.0%	$32.04	—	COM	50060P106
HAL	HALLIBURTON CO	82,100 (-10.9%)	$2.787M (-22.4%)	0.3%	$30.84	—	COM	406216101
MTX	MINERALS TECHNOLOGIES INC	51,779 (-20.7%)	$3.83M (-17.3%)	0.5%	$69.21	—	COM	603158106
AMZN	AMAZON COM INC	13,585 (-27.7%)	$3.238M (-17.2%)	0.4%	$160.67	—	COM	023135106
XLE	SELECT SECTOR SPDR TR	61,650 (-3.7%)	$3.274M (-16.6%)	0.4%	$57.63	—	ENERGY	81369Y506
CWST	CASELLA WASTE SYS INC	275 (-96.7%)	$26,667 (-96.0%)	0.0%	$98.55	—	CL A	147448104
MTUS	METALLUS INC	158,800 (-28.0%)	$2.968M (-17.6%)	0.4%	$14.64	—	COM	887399103
NEM	NEWMONT CORP	38,140 (-1.3%)	$3.562M (-14.8%)	0.4%	$42.00	—	COM	651639106
SLB	SLB LIMITED	70,100 (-6.4%)	$3.259M (-15.3%)	0.4%	$37.63	—	COM STK	806857108
BMY	BRISTOL-MYERS SQUIBB CO	138,725 (-1.9%)	$7.993M (-6.8%)	1.0%	$50.67	—	COM	110122108
WAB	WABTEC	42,525 (-2.6%)	$11.46M (+5.1%)	1.4%	$80.06	—	COM	929740108
CTSO	CYTOSORBENTS CORP	1,211,400 (-29.1%)	$453K (-53.1%)	0.1%	$4.80	—	COM NEW	23283X206
WSC	WILLSCOT HLDGS CORP	122,550 (-30.2%)	$3.537M (+16.1%)	0.4%	$27.23	—	COM CL A	971378104
TKR	TIMKEN CO	9,050 (-48.6%)	$1.315M (-25.7%)	0.2%	$78.59	—	COM	887389104
MBLY	MOBILEYE GLOBAL INC	101,200 (-51.3%)	$980K (-31.4%)	0.1%	$14.55	—	COMMON CLASS A	60741F104
WMB	WILLIAMS COS INC	118,425 (-6.8%)	$8.804M (-4.8%)	1.1%	$17.90	—	COM	969457100
PGR	PROGRESSIVE CORP	7,625 (-26.9%)	$1.666M (-19.4%)	0.2%	$209.96	—	COM	743315103
OXY	OCCIDENTAL PETE CORP	21,429 (-1.7%)	$1.041M (-26.5%)	0.1%	$55.63	—	COM	674599105
SBAC	SBA COMMUNICATIONS CORP	108,880 (-4.3%)	$19.21M (-1.9%)	2.4%	$207.61	—	CL A	78410G104
TNC	TENNANT CO	5,700 (-54.6%)	$499K (-40.1%)	0.1%	$76.88	—	COM	880345103
LOVE	LOVESAC CO	314,647 (-5.5%)	$5.251M (+6.8%)	0.6%	$19.79	—	COM	54738L109
JPM	JPMORGAN CHASE & CO	23,785 (-6.3%)	$7.786M (+4.3%)	1.0%	$49.55	—	COM	46625H100
BAC	BANK OF AMER CORP	55,280 (-5.3%)	$3.15M (+10.6%)	0.4%	$31.14	—	COM	060505104
GBX	GREENBRIER COS INC	18,440 (-16.7%)	$904K (-22.4%)	0.1%	$31.24	—	COM	393657101
TWIN	TWIN DISC INC	16,595 (-59.7%)	$385K (-38.0%)	0.0%	$10.14	—	COM	901476101
SLGN	SILGAN HLDGS INC	41,250 (-4.7%)	$1.914M (+13.9%)	0.2%	$47.50	—	COM	827048109
ATRO	ASTRONICS CORP	21,600 (-25.0%)	$1.755M (-8.7%)	0.2%	$17.63	—	COM	046433108
WCC	WESCO INTL INC	4,015 (-28.5%)	$1.387M (-9.7%)	0.2%	$180.12	—	COM	95082P105
ZETA	ZETA GLOBAL HOLDINGS CORP	71,200 (-9.8%)	$1.401M (+11.5%)	0.2%	$16.81	—	CL A	98956A105
MTW	MANITOWOC CO INC	67,653 (-1.5%)	$940K (+17.5%)	0.1%	$11.87	—	COM NEW	563571405
HAE	HAEMONETICS CORP MASS	47,625 (-27.6%)	$3.572M (-3.7%)	0.4%	$67.02	—	COM	405024100
MHK	MOHAWK INDS INC	6,650 (-29.6%)	$807K (-13.3%)	0.1%	$116.26	—	COM	608190104
BC	BRUNSWICK CORP	14,650 (-20.4%)	$1.234M (-7.8%)	0.2%	$68.15	—	COM	117043109
GPK	GRAPHIC PACKAGING HLDG CO	328,400 (-3.1%)	$3.471M (+3.0%)	0.4%	$18.39	—	COM	388689101
SPWH	SPORTSMANS WHSE HLDGS INC	622,950 (-2.6%)	$829K (-8.2%)	0.1%	$3.09	—	COM	84920Y106
QRHC	QUEST RESOURCE HLDG CORP	110,602 (-33.0%)	$139K (-29.1%)	0.0%	$4.17	—	COM NEW	74836W203
BLMN	BLOOMIN BRANDS INC	62,250 (-34.4%)	$569K (+11.0%)	0.1%	$10.65	—	COM	094235108
GATX	GATX CORP	3,360 (-4.3%)	$595K (-0.7%)	0.1%	$89.55	—	COM	361448103

Unchanged Positions (40)

GLD SPDR GOLD TR 1.1%

Value $9.058M Shares 24,590 Est. Cost $167.50 Unrealized —

NSC NORFOLK SOUTHN CORP 2.1%

Value $17.33M Shares 55,080 Est. Cost $182.29 Unrealized —

EXP EAGLE MATLS INC 1.0%

Value $8.393M Shares 37,300 Est. Cost $111.06 Unrealized —

AEM AGNICO EAGLE MINES LTD 0.5%

Value $3.731M Shares 24,050 Est. Cost $41.40 Unrealized —

B BARRICK MNG CORP 1.2%

Value $9.593M Shares 261,175 Est. Cost $25.15 Unrealized —

GM GENERAL MTRS CO 4.0%

Value $32.92M Shares 427,035 Est. Cost $31.46 Unrealized —

MP MP MATERIALS CORP 0.7%

Value $5.853M Shares 104,495 Est. Cost $21.93 Unrealized —

OSK OSHKOSH CORP 2.5%

Value $20.5M Shares 133,579 Est. Cost $67.54 Unrealized —

PLAB PHOTRONICS INC 0.3%

Value $2.652M Shares 81,510 Est. Cost $20.96 Unrealized —

GOOG ALPHABET INC 0.4%

Value $3.357M Shares 9,500 Est. Cost $107.95 Unrealized —

FCG FIRST TR EXCHANGE-TRADED FD 0.2%

Value $1.598M Shares 60,050 Est. Cost $24.27 Unrealized —

LECO LINCOLN ELEC HLDGS INC 0.5%

Value $4.001M Shares 15,070 Est. Cost $97.99 Unrealized —

NPKI NPK INTERNATIONAL INC 0.3%

Value $2.614M Shares 164,300 Est. Cost $6.74 Unrealized —

ELAN ELANCO ANIMAL HEALTH INC 0.6%

Value $5.149M Shares 209,225 Est. Cost $13.45 Unrealized —

TDG TRANSDIGM GROUP INC 0.1%

Value $1.026M Shares 770 Est. Cost $70.58 Unrealized —

QQQ INVESCO QQQ TR 0.1%

Value $552K Shares 750 Est. Cost $171.43 Unrealized —

RTX RTX CORPORATION 0.7%

Value $6.097M Shares 32,135 Est. Cost $66.71 Unrealized —

XOM EXXON MOBIL CORP 0.0%

Value $317K Shares 2,316 Est. Cost $110.09 Unrealized —

MLM MARTIN MARIETTA MATLS INC 0.4%

Value $3.348M Shares 5,805 Est. Cost $333.00 Unrealized —

RJF RAYMOND JAMES FINL INC 0.1%

Value $1.019M Shares 6,725 Est. Cost $111.91 Unrealized —

JYNT JOINT CORP 1.0%

Value $7.863M Shares 895,572 Est. Cost $11.95 Unrealized —

CBOE CBOE GLOBAL MKTS INC 0.0%

Value $243K Shares 1,000 Est. Cost $146.50 Unrealized —

UHAL U HAUL HOLDING COMPANY 0.0%

Value $134K Shares 2,045 Est. Cost $48.16 Unrealized —

FDX FEDEX CORP 0.0%

Value $227K Shares 725 Est. Cost $223.56 Unrealized —

IWM ISHARES TR 0.0%

Value $120K Shares 400 Est. Cost $122.00 Unrealized —

CCK CROWN HLDGS INC 0.0%

Value $201K Shares 1,800 Est. Cost $71.39 Unrealized —

VLO VALERO ENERGY CORP 0.0%

Value $339K Shares 1,300 Est. Cost $129.14 Unrealized —

SW SMURFIT WESTROCK PLC 0.0%

Value $121K Shares 2,617 Est. Cost $43.84 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value $300K Shares 600 Est. Cost $227.87 Unrealized —

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

Value $74,677 Shares 100 Est. Cost $165.19 Unrealized —

NDSN NORDSON CORP 0.0%

Value $78,439 Shares 260 Est. Cost $61.49 Unrealized —

PZZA PAPA JOHNS INTL INC 0.0%

Value $73,540 Shares 2,000 Est. Cost $35.19 Unrealized —

MA MASTERCARD INCORPORATED 0.0%

Value $270K Shares 525 Est. Cost $71.87 Unrealized —

GD GENERAL DYNAMICS CORP 0.0%

Value $221K Shares 625 Est. Cost $143.46 Unrealized —

CCJ CAMECO CORP 0.0%

Value $71,302 Shares 700 Est. Cost $45.23 Unrealized —

SHW SHERWIN WILLIAMS CO 0.0%

Value $51,648 Shares 150 Est. Cost $205.66 Unrealized —

ULTA ULTA BEAUTY INC 0.0%

Value $20,294 Shares 45 Est. Cost $392.37 Unrealized —

HD HOME DEPOT INC 0.0%

Value $35,268 Shares 100 Est. Cost $80.04 Unrealized —

TGT TARGET CORP 0.0%

Value $13,061 Shares 100 Est. Cost $87.35 Unrealized —

BLK BLACKROCK INC 0.0%

Value $86,540 Shares 90 Est. Cost $1089.41 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	24,590	$9.058M	1.1%	$167.50	—	GOLD SHS	78463V107
NSC	NORFOLK SOUTHN CORP	55,080	$17.33M	2.1%	$182.29	—	COM	655844108
EXP	EAGLE MATLS INC	37,300	$8.393M	1.0%	$111.06	—	COM	26969P108
AEM	AGNICO EAGLE MINES LTD	24,050	$3.731M	0.5%	$41.40	—	COM	008474108
B	BARRICK MNG CORP	261,175	$9.593M	1.2%	$25.15	—	COM SHS	06849F108
GM	GENERAL MTRS CO	427,035	$32.92M	4.0%	$31.46	—	COM	37045V100
MP	MP MATERIALS CORP	104,495	$5.853M	0.7%	$21.93	—	COM CL A	553368101
OSK	OSHKOSH CORP	133,579	$20.5M	2.5%	$67.54	—	COM	688239201
PLAB	PHOTRONICS INC	81,510	$2.652M	0.3%	$20.96	—	COM	719405102
GOOG	ALPHABET INC	9,500	$3.357M	0.4%	$107.95	—	CAP STK CL C	02079K107
FCG	FIRST TR EXCHANGE-TRADED FD	60,050	$1.598M	0.2%	$24.27	—	NAT GAS ETF	33733E807
LECO	LINCOLN ELEC HLDGS INC	15,070	$4.001M	0.5%	$97.99	—	COM	533900106
NPKI	NPK INTERNATIONAL INC	164,300	$2.614M	0.3%	$6.74	—	COM SHS	651718504
ELAN	ELANCO ANIMAL HEALTH INC	209,225	$5.149M	0.6%	$13.45	—	COM	28414H103
TDG	TRANSDIGM GROUP INC	770	$1.026M	0.1%	$70.58	—	COM	893641100
QQQ	INVESCO QQQ TR	750	$552K	0.1%	$171.43	—	UNIT SER 1	46090E103
RTX	RTX CORPORATION	32,135	$6.097M	0.7%	$66.71	—	COM	75513E101
XOM	EXXON MOBIL CORP	2,316	$317K	0.0%	$110.09	—	COM	30231G102
MLM	MARTIN MARIETTA MATLS INC	5,805	$3.348M	0.4%	$333.00	—	COM	573284106
RJF	RAYMOND JAMES FINL INC	6,725	$1.019M	0.1%	$111.91	—	COM	754730109
JYNT	JOINT CORP	895,572	$7.863M	1.0%	$11.95	—	COM	47973J102
CBOE	CBOE GLOBAL MKTS INC	1,000	$243K	0.0%	$146.50	—	COM	12503M108
UHAL	U HAUL HOLDING COMPANY	2,045	$134K	0.0%	$48.16	—	COM	023586100
FDX	FEDEX CORP	725	$227K	0.0%	$223.56	—	COM	31428X106
IWM	ISHARES TR	400	$120K	0.0%	$122.00	—	RUSSELL 2000 ETF	464287655
CCK	CROWN HLDGS INC	1,800	$201K	0.0%	$71.39	—	COM	228368106
VLO	VALERO ENERGY CORP	1,300	$339K	0.0%	$129.14	—	COM	91913Y100
SW	SMURFIT WESTROCK PLC	2,617	$121K	0.0%	$43.84	—	SHS	G8267P108
BRK/B	BERKSHIRE HATHAWAY INC DEL	600	$300K	0.0%	$227.87	—	CL B NEW	084670702
SPY	STATE STR SPDR S&P 500 ETF T	100	$74,677	0.0%	$165.19	—	TR UNIT	78462F103
NDSN	NORDSON CORP	260	$78,439	0.0%	$61.49	—	COM	655663102
PZZA	PAPA JOHNS INTL INC	2,000	$73,540	0.0%	$35.19	—	COM	698813102
MA	MASTERCARD INCORPORATED	525	$270K	0.0%	$71.87	—	CL A	57636Q104
GD	GENERAL DYNAMICS CORP	625	$221K	0.0%	$143.46	—	COM	369550108
CCJ	CAMECO CORP	700	$71,302	0.0%	$45.23	—	COM	13321L108
SHW	SHERWIN WILLIAMS CO	150	$51,648	0.0%	$205.66	—	COM	824348106
ULTA	ULTA BEAUTY INC	45	$20,294	0.0%	$392.37	—	COM	90384S303
HD	HOME DEPOT INC	100	$35,268	0.0%	$80.04	—	COM	437076102
TGT	TARGET CORP	100	$13,061	0.0%	$87.35	—	COM	87612E106
BLK	BLACKROCK INC	90	$86,540	0.0%	$1089.41	—	COM	09290D101