Tributary Capital Management, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MGRC	MCGRATH RENTCORP	86,372	$9,063	0.9%	$108.39	0.0%	COM	580589109
AAON	AAON INC COM PAR	8,648	$659	0.1%	$92.29	0.0%	COM	000360206
DT	DYNATRACE INC	14,182	$615	0.1%	$46.61	0.0%	COM	268150109
SCHW	SCHWAB CHARLES CORP NEW COM	5,730	$572	0.1%	$94.74	0.0%	COM	808513105
TMO	THERMO FISHER CORP COM	875	$507	0.0%	$565.16	0.0%	COM	883556102
MWA	MUELLER WTR PRODS INC COM SER	17,900	$426	0.0%	$24.69	0.0%	COM	624758108
MIR	MIRION TECHNOLOGIES INC COM CL	14,800	$347	0.0%	$24.94	0.0%	COM	60471A101

Increased Positions (18)

PLUS EPLUS INC 1.4%

Value ($000) $14,134 (+34.7%) Shares 161,166 (+9.0%) Est. Cost $71.51 Unrealized +15.4%

CSW CSW INDUSTRIALS INC 1.7%

Value ($000) $17,390 (+25.2%) Shares 59,246 (+3.5%) Est. Cost $90.64 Unrealized +193.8%

PBH PRESTIGE CONSUMER HEALTHCARE I 1.4%

Value ($000) $13,790 (+16.5%) Shares 223,537 (+17.8%) Est. Cost $77.59 Unrealized -21.1%

NOG NORTHERN OIL & GAS INC COMMON 1.8%

Value ($000) $17,985 (+10.5%) Shares 837,685 (+27.7%) Est. Cost $28.94 Unrealized -22.5%

CNMD CONMED CORP 1.1%

Value ($000) $10,917 (+11.7%) Shares 268,896 (+29.4%) Est. Cost $49.83 Unrealized -12.7%

SHO SUNSTONE HOTEL INVS INC NEW CO 1.4%

Value ($000) $13,743 (+9.0%) Shares 1,537,256 (+14.2%) Est. Cost $11.11 Unrealized —

CTS CTS CORP 1.1%

Value ($000) $11,497 (+8.8%) Shares 268,180 (+1.4%) Est. Cost $31.39 Unrealized +33.5%

BCPC BALCHEM CORP 1.8%

Value ($000) $18,558 (+4.2%) Shares 121,009 (+2.0%) Est. Cost $84.52 Unrealized +79.6%

CON CONCENTRA GROUP HOLDINGS PAR 1.1%

Value ($000) $11,155 (+5.7%) Shares 566,839 (+12.4%) Est. Cost $21.09 Unrealized -5.4%

UTZ UTZ BRANDS INC 1.0%

Value ($000) $9,671 (-5.8%) Shares 931,650 (+10.3%) Est. Cost $13.45 Unrealized -19.8%

TSLA TESLA MOTORS, INC. 0.1%

Value ($000) $960 (+41.6%) Shares 2,135 (+40.0%) Est. Cost $360.23 Unrealized +23.1%

ORCL ORACLE CORP 0.1%

Value ($000) $655 (-17.4%) Shares 3,360 (+19.1%) Est. Cost $251.58 Unrealized -5.4%

DIOD DIODES INC 1.7%

Value ($000) $17,073 (-0.7%) Shares 346,023 (+7.1%) Est. Cost $61.94 Unrealized -18.3%

AVGO BROADCOM INC 0.2%

Value ($000) $1,679 (+6.7%) Shares 4,850 (+1.7%) Est. Cost $306.58 Unrealized +16.4%

RHI ROBERT HALF INC 0.1%

Value ($000) $607 (-10.7%) Shares 22,352 (+11.7%) Est. Cost $64.04 Unrealized -55.4%

IR INGERSOLL RAND PLC SHS 0.0%

Value ($000) $472 (+15.2%) Shares 5,960 (+20.2%) Est. Cost $90.77 Unrealized -13.0%

DPZ DOMINOS PIZZA INC COM 0.1%

Value ($000) $659 (+8.6%) Shares 1,582 (+12.5%) Est. Cost $442.83 Unrealized -6.2%

PAYC PAYCOM SOFTWARE INC 0.0%

Value ($000) $329 (-3.6%) Shares 2,065 (+25.9%) Est. Cost $238.91 Unrealized -25.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PLUS	EPLUS INC	161,166 (+9.0%)	$14,134 (+34.7%)	1.4%	$71.51	+15.4%	COM	294268107
CSW	CSW INDUSTRIALS INC	59,246 (+3.5%)	$17,390 (+25.2%)	1.7%	$90.64	+193.8%	COM	126402106
PBH	PRESTIGE CONSUMER HEALTHCARE I	223,537 (+17.8%)	$13,790 (+16.5%)	1.4%	$77.59	-21.1%	COM	74112D101
NOG	NORTHERN OIL & GAS INC COMMON	837,685 (+27.7%)	$17,985 (+10.5%)	1.8%	$28.94	-22.5%	COM	665531307
CNMD	CONMED CORP	268,896 (+29.4%)	$10,917 (+11.7%)	1.1%	$49.83	-12.7%	COM	207410101
SHO	SUNSTONE HOTEL INVS INC NEW CO	1,537,256 (+14.2%)	$13,743 (+9.0%)	1.4%	$11.11	—	COM	867892101
CTS	CTS CORP	268,180 (+1.4%)	$11,497 (+8.8%)	1.1%	$31.39	+33.5%	COM	126501105
BCPC	BALCHEM CORP	121,009 (+2.0%)	$18,558 (+4.2%)	1.8%	$84.52	+79.6%	COM	057665200
CON	CONCENTRA GROUP HOLDINGS PAR	566,839 (+12.4%)	$11,155 (+5.7%)	1.1%	$21.09	-5.4%	COM	20603L102
UTZ	UTZ BRANDS INC	931,650 (+10.3%)	$9,671 (-5.8%)	1.0%	$13.45	-19.8%	COM	918090101
TSLA	TESLA MOTORS, INC.	2,135 (+40.0%)	$960 (+41.6%)	0.1%	$360.23	+23.1%	COM	88160R101
ORCL	ORACLE CORP	3,360 (+19.1%)	$655 (-17.4%)	0.1%	$251.58	-5.4%	COM	68389X105
DIOD	DIODES INC	346,023 (+7.1%)	$17,073 (-0.7%)	1.7%	$61.94	-18.3%	COM	254543101
AVGO	BROADCOM INC	4,850 (+1.7%)	$1,679 (+6.7%)	0.2%	$306.58	+16.4%	COM	11135F101
RHI	ROBERT HALF INC	22,352 (+11.7%)	$607 (-10.7%)	0.1%	$64.04	-55.4%	COM	770323103
IR	INGERSOLL RAND PLC SHS	5,960 (+20.2%)	$472 (+15.2%)	0.0%	$90.77	-13.0%	COM	45687V106
DPZ	DOMINOS PIZZA INC COM	1,582 (+12.5%)	$659 (+8.6%)	0.1%	$442.83	-6.2%	COM	25754A201
PAYC	PAYCOM SOFTWARE INC	2,065 (+25.9%)	$329 (-3.6%)	0.0%	$238.91	-25.9%	COM	70432V102

Exited Positions (6)

SM SM ENERGY CO 1.5%

Value ($000) $14,804 Shares 592,881 Est. Cost $30.47 Unrealized -34.3%

LGIH LGI HOMES INC 1.0%

Value ($000) $9,982 Shares 193,036 Est. Cost $107.64 Unrealized -56.4%

IWM ISHARES TR RUSSELL 2000 INDEX 0.0%

Value ($000) $496 Shares 2,050 Est. Cost $241.96 Unrealized —

FISV FISERV INC 0.0%

Value ($000) $366 Shares 2,840 Est. Cost $112.08 Unrealized -25.2%

ZTS ZOETIS INC CL A 0.0%

Value ($000) $356 Shares 2,430 Est. Cost $58.05 Unrealized +124.4%

TKR TIMKEN CO COM 0.0%

Value ($000) $354 Shares 4,705 Est. Cost $63.63 Unrealized +25.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SM	SM ENERGY CO	592,881	$14,804	1.5%	$30.47	-34.3%	—	78454L100
LGIH	LGI HOMES INC	193,036	$9,982	1.0%	$107.64	-56.4%	—	50187T106
IWM	ISHARES TR RUSSELL 2000 INDEX	2,050	$496	0.0%	$241.96	—	—	464287655
FISV	FISERV INC	2,840	$366	0.0%	$112.08	-25.2%	—	337738108
ZTS	ZOETIS INC CL A	2,430	$356	0.0%	$58.05	+124.4%	—	98978V103
TKR	TIMKEN CO COM	4,705	$354	0.0%	$63.63	+25.0%	—	887389104

Decreased Positions (137)

AMBA AMBARELLA INC 0.8%

Value ($000) $7,616 (-56.4%) Shares 107,508 (-49.3%) Est. Cost $75.14 Unrealized +7.5%

NPO ENPRO INC 2.7%

Value ($000) $27,494 (-23.9%) Shares 128,399 (-19.7%) Est. Cost $102.79 Unrealized +115.2%

ITGR INTEGER HOLDINGS CORP 1.7%

Value ($000) $17,379 (-32.7%) Shares 221,591 (-11.3%) Est. Cost $85.89 Unrealized -7.2%

KALU KAISER ALUMINUM CORP 2.6%

Value ($000) $26,749 (+38.5%) Shares 232,880 (-6.9%) Est. Cost $68.92 Unrealized +37.0%

DORM DORMAN PRODUCTS INC 1.3%

Value ($000) $13,467 (-26.3%) Shares 109,320 (-6.7%) Est. Cost $68.59 Unrealized +96.8%

WD WALKER & DUNLOP INC 0.9%

Value ($000) $8,934 (-34.3%) Shares 148,534 (-8.7%) Est. Cost $84.08 Unrealized -16.2%

ESE ESCO TECHNOLOGIES INC COM 2.8%

Value ($000) $28,358 (-13.9%) Shares 145,136 (-6.9%) Est. Cost $105.95 Unrealized +98.9%

VIAV VIAVI SOLUTIONS INC 1.8%

Value ($000) $18,304 (+30.7%) Shares 1,027,164 (-6.9%) Est. Cost $9.79 Unrealized +64.9%

ALG ALAMO GROUP INC 1.5%

Value ($000) $15,627 (-19.6%) Shares 93,093 (-8.6%) Est. Cost $197.18 Unrealized -11.9%

ADUS ADDUS HOMECARE CORP COM 2.0%

Value ($000) $19,887 (-15.3%) Shares 185,187 (-7.0%) Est. Cost $92.40 Unrealized +24.3%

PATK PATRICK INDS INC 1.5%

Value ($000) $15,689 (-18.4%) Shares 144,693 (-22.1%) Est. Cost $59.62 Unrealized +75.5%

ENOV ENOVIS CORP 1.4%

Value ($000) $14,058 (-19.7%) Shares 527,707 (-8.6%) Est. Cost $52.29 Unrealized -43.5%

ICFI ICF INTERNATIONAL INC 1.8%

Value ($000) $18,256 (-15.3%) Shares 214,020 (-7.9%) Est. Cost $93.33 Unrealized -9.1%

MCRI MONARCH CASINO & RESORT INC 1.7%

Value ($000) $17,331 (-15.9%) Shares 181,098 (-7.0%) Est. Cost $69.15 Unrealized +39.1%

CTRE CARETRUST REIT INC 1.0%

Value ($000) $9,931 (-24.5%) Shares 274,647 (-27.6%) Est. Cost $26.11 Unrealized —

OLLI OLLIE'S BARGAIN OUTLET HLDGS 1.3%

Value ($000) $12,710 (-20.2%) Shares 115,955 (-6.5%) Est. Cost $57.02 Unrealized +111.5%

ENS ENERSYS 1.7%

Value ($000) $17,753 (+20.3%) Shares 120,975 (-7.4%) Est. Cost $74.22 Unrealized +79.7%

MMI MARCUS & MILLICHAP INC 1.6%

Value ($000) $16,715 (-14.9%) Shares 612,480 (-8.5%) Est. Cost $29.83 Unrealized -3.0%

MC MOELIS & CO 2.5%

Value ($000) $25,418 (-10.2%) Shares 369,765 (-6.8%) Est. Cost $27.51 Unrealized +139.1%

BOOT BOOT BARN HOLDINGS INC 1.8%

Value ($000) $18,669 (-13.0%) Shares 105,790 (-18.3%) Est. Cost $43.05 Unrealized +333.4%

KFY KORN FERRY COMMON STOCK 1.8%

Value ($000) $18,759 (-12.3%) Shares 284,142 (-7.0%) Est. Cost $38.62 Unrealized +73.1%

CPK CHESAPEAKE UTILITIES CORP 1.5%

Value ($000) $15,709 (-13.8%) Shares 125,912 (-7.0%) Est. Cost $93.51 Unrealized +40.5%

IDA IDACORP INC 2.0%

Value ($000) $20,645 (-10.6%) Shares 163,127 (-6.6%) Est. Cost $78.07 Unrealized +66.6%

BWIN BALDWIN INSURANCE GROUP INC 0.9%

Value ($000) $9,089 (-21.0%) Shares 378,218 (-7.2%) Est. Cost $24.17 Unrealized +5.4%

STC STEWART INFORMATION SERVICES C 1.8%

Value ($000) $18,598 (-10.8%) Shares 264,702 (-6.9%) Est. Cost $43.25 Unrealized +66.5%

AMN AMN HEALTHCARE SERVICES INC 0.6%

Value ($000) $5,997 (-25.5%) Shares 380,529 (-8.5%) Est. Cost $45.63 Unrealized -60.9%

EXLS EXLSERVICE HOLDINGS INC 1.7%

Value ($000) $17,670 (-10.1%) Shares 416,347 (-6.8%) Est. Cost $27.49 Unrealized +48.7%

AUB ATLANTIC UNION BANKSHARES CO 2.3%

Value ($000) $23,220 (-6.9%) Shares 657,791 (-7.0%) Est. Cost $29.04 Unrealized +16.6%

UMBF UMB FINANCIAL CORP 1.5%

Value ($000) $14,901 (-9.3%) Shares 129,530 (-6.7%) Est. Cost $68.58 Unrealized +65.2%

LFUS LITTELFUSE INC 1.5%

Value ($000) $14,769 (-8.8%) Shares 58,394 (-6.6%) Est. Cost $200.82 Unrealized +26.8%

NTST NETSTREIT CORP COM 1.3%

Value ($000) $12,803 (-9.1%) Shares 725,786 (-6.9%) Est. Cost $14.15 Unrealized —

GOLF ACUSHNET HLDGS CORP 1.7%

Value ($000) $16,990 (-5.4%) Shares 212,851 (-6.9%) Est. Cost $50.96 Unrealized +59.3%

FELE FRANKLIN ELEC INC 1.4%

Value ($000) $13,924 (-6.5%) Shares 145,752 (-6.8%) Est. Cost $41.12 Unrealized +131.2%

SIGI SELECTIVE INS GROUP INC 2.1%

Value ($000) $21,463 (-4.2%) Shares 256,516 (-7.2%) Est. Cost $47.17 Unrealized +68.9%

SLP SIMULATIONS PLUS INC 0.9%

Value ($000) $9,495 (+10.8%) Shares 520,855 (-8.4%) Est. Cost $28.90 Unrealized -39.3%

COHU COHU INC 1.6%

Value ($000) $16,368 (+5.9%) Shares 703,383 (-7.5%) Est. Cost $27.32 Unrealized -16.1%

KFRC KFORCE INC 1.2%

Value ($000) $11,679 (-5.8%) Shares 377,715 (-8.7%) Est. Cost $41.38 Unrealized -28.9%

BLKB BLACKBAUD INC COM 1.5%

Value ($000) $15,557 (-4.0%) Shares 245,682 (-2.5%) Est. Cost $68.19 Unrealized -9.3%

GOOG ALPHABET INC CAP STK CL C 0.3%

Value ($000) $3,121 (+24.8%) Shares 9,945 (-3.2%) Est. Cost $109.93 Unrealized +160.5%

BHE BENCHMARK ELECTRS INC 1.7%

Value ($000) $17,503 (+3.3%) Shares 409,339 (-6.9%) Est. Cost $22.71 Unrealized +90.0%

CASY CASEY'S GENERAL STORES INC 0.1%

Value ($000) $980 (-31.8%) Shares 1,773 (-30.2%) Est. Cost $286.28 Unrealized +92.0%

MANH MANHATTAN ASSOCIATES INC 0.1%

Value ($000) $691 (-35.0%) Shares 3,988 (-23.2%) Est. Cost $214.44 Unrealized -14.7%

MSFT MICROSOFT CORP 0.3%

Value ($000) $3,177 (-9.5%) Shares 6,570 (-3.1%) Est. Cost $66.54 Unrealized +652.3%

LLY LILLY ELI & CO COM 0.1%

Value ($000) $1,112 (+36.9%) Shares 1,035 (-2.8%) Est. Cost $85.36 Unrealized +1019.5%

NVDA NVIDIA CORP COM 0.4%

Value ($000) $4,026 (-5.4%) Shares 21,585 (-5.4%) Est. Cost $91.57 Unrealized +103.3%

PTC PTC INC 0.1%

Value ($000) $1,131 (-16.6%) Shares 6,494 (-2.8%) Est. Cost $147.12 Unrealized +26.3%

META META PLATFORM, INC 0.1%

Value ($000) $1,465 (-12.9%) Shares 2,220 (-3.1%) Est. Cost $180.75 Unrealized +269.2%

OBK ORIGIN BANCORP INC 1.4%

Value ($000) $13,832 (+1.4%) Shares 367,767 (-6.9%) Est. Cost $36.54 Unrealized -2.0%

CASS CASS INFORMATION SYSTEMS INC 1.0%

Value ($000) $10,647 (-1.8%) Shares 256,433 (-6.9%) Est. Cost $36.20 Unrealized +11.9%

ONTO ONTO INNOVATION INC 0.1%

Value ($000) $1,105 (+19.9%) Shares 7,000 (-1.9%) Est. Cost $111.64 Unrealized +27.2%

BURL BURLINGTON STORES INC 0.2%

Value ($000) $1,603 (+11.4%) Shares 5,548 (-1.8%) Est. Cost $219.58 Unrealized +23.5%

GLW CORNING INC COM 0.0%

Value ($000) $479 (-23.9%) Shares 5,470 (-28.7%) Est. Cost $48.55 Unrealized +77.1%

BRO BROWN & BROWN INC 0.1%

Value ($000) $731 (-16.9%) Shares 9,168 (-2.2%) Est. Cost $68.53 Unrealized +21.6%

SO SOUTHERN CO 0.0%

Value ($000) $334 (-30.0%) Shares 3,825 (-23.9%) Est. Cost $81.63 Unrealized +11.3%

TSCO TRACTOR SUPPLY CO COM 0.1%

Value ($000) $858 (-14.2%) Shares 17,147 (-2.4%) Est. Cost $52.43 Unrealized +2.5%

RPM RPM INTL INC COM 0.1%

Value ($000) $843 (-13.7%) Shares 8,110 (-2.2%) Est. Cost $102.44 Unrealized +5.7%

MTZ MASTEC INC 0.1%

Value ($000) $576 (-18.3%) Shares 2,650 (-20.1%) Est. Cost $63.55 Unrealized +230.2%

COST COSTCO WHSL CORP NEW COM 0.0%

Value ($000) $492 (-20.7%) Shares 570 (-14.9%) Est. Cost $163.04 Unrealized +455.5%

BLD TOPBUILD CORP COM 0.1%

Value ($000) $662 (-15.7%) Shares 1,586 (-21.0%) Est. Cost $319.21 Unrealized +34.3%

PCT PURECYCLE TECH INC 0.0%

Value ($000) $214 (-36.5%) Shares 24,951 (-2.7%) Est. Cost $7.44 Unrealized +42.6%

HD HOME DEPOT INC COM 0.0%

Value ($000) $489 (-18.2%) Shares 1,420 (-3.7%) Est. Cost $142.24 Unrealized +156.3%

NEE NEXTERA ENERGY INC COM 0.0%

Value ($000) $427 (-19.9%) Shares 5,320 (-24.6%) Est. Cost $60.06 Unrealized +37.4%

JLL JONES LANG LASALLE INC 0.1%

Value ($000) $980 (+10.7%) Shares 2,914 (-1.9%) Est. Cost $211.27 Unrealized +48.4%

BR BROADRIDGE FINL SOLUTIONS INC 0.1%

Value ($000) $868 (-9.2%) Shares 3,888 (-3.1%) Est. Cost $146.39 Unrealized +55.3%

MS MORGAN STANLEY COM NEW 0.1%

Value ($000) $557 (-13.4%) Shares 3,140 (-22.5%) Est. Cost $71.44 Unrealized +133.0%

UTHR UNITED THERAPEUTICS CORP DEL C 0.0%

Value ($000) $370 (-18.6%) Shares 760 (-30.0%) Est. Cost $290.68 Unrealized +60.2%

POOL POOL CORP 0.0%

Value ($000) $204 (-28.6%) Shares 890 (-3.3%) Est. Cost $363.95 Unrealized -28.7%

FR FIRST INDUSTRIAL REALTY TRUST 0.0%

Value ($000) $365 (-17.8%) Shares 6,370 (-26.1%) Est. Cost $40.59 Unrealized —

SSB SOUTHSTATE BANK CORP 0.1%

Value ($000) $1,096 (-6.6%) Shares 11,644 (-1.8%) Est. Cost $96.71 Unrealized -5.0%

CACI CACI INTL INC 0.1%

Value ($000) $1,238 (-5.9%) Shares 2,324 (-11.9%) Est. Cost $321.70 Unrealized +75.7%

RVTY REVVITY INC 0.1%

Value ($000) $915 (+8.8%) Shares 9,456 (-1.5%) Est. Cost $111.41 Unrealized -13.8%

PR PERMIAN RESOURCES CORP 0.1%

Value ($000) $1,038 (+7.6%) Shares 73,985 (-1.8%) Est. Cost $14.48 Unrealized -7.3%

RCL ROYAL CARIBBEAN CRUISES LTD 0.0%

Value ($000) $337 (-17.5%) Shares 1,210 (-4.3%) Est. Cost $53.44 Unrealized +426.9%

DG DOLLAR GENERAL CORP 0.0%

Value ($000) $344 (+25.6%) Shares 2,590 (-2.3%) Est. Cost $108.94 Unrealized +2.4%

MBWM MERCANTILE BANK CORP 1.1%

Value ($000) $11,124 (-0.6%) Shares 231,259 (-7.0%) Est. Cost $26.41 Unrealized +73.7%

APH AMPHENOL CORP CL A 0.1%

Value ($000) $559 (-10.7%) Shares 4,135 (-18.2%) Est. Cost $50.87 Unrealized +162.5%

KO COCA COLA CO COM 0.0%

Value ($000) $417 (-13.4%) Shares 5,970 (-17.9%) Est. Cost $64.97 Unrealized +6.8%

ANET ARISTA NETWORKS 0.0%

Value ($000) $493 (-11.5%) Shares 3,760 (-1.6%) Est. Cost $87.30 Unrealized +57.7%

MOH MOLINA HEALTHCARE INC 0.1%

Value ($000) $513 (-11.0%) Shares 2,958 (-1.8%) Est. Cost $306.00 Unrealized -46.3%

TMUS T MOBILE US INC 0.0%

Value ($000) $271 (-18.8%) Shares 1,335 (-4.3%) Est. Cost $229.69 Unrealized -8.0%

ORLY O'REILLY AUTOMOTIVE INC NEW CO 0.0%

Value ($000) $285 (-18.0%) Shares 3,130 (-3.1%) Est. Cost $86.17 Unrealized +13.4%

LIN LINDE PLC 0.0%

Value ($000) $407 (-13.0%) Shares 955 (-3.0%) Est. Cost $322.30 Unrealized +32.6%

AMGN AMGEN INC COM 0.1%

Value ($000) $535 (+12.2%) Shares 1,635 (-3.3%) Est. Cost $260.02 Unrealized +21.5%

FBIN FORTUNE BRANDS INNOVATIONS INC 0.1%

Value ($000) $665 (-8.0%) Shares 13,304 (-1.8%) Est. Cost $71.12 Unrealized -30.0%

CTAS CINTAS CORP COM 0.0%

Value ($000) $448 (-11.4%) Shares 2,380 (-3.3%) Est. Cost $154.78 Unrealized +21.6%

WH WYNDHAM HOTELS & RESORTS INC C 0.1%

Value ($000) $680 (-7.2%) Shares 8,998 (-1.8%) Est. Cost $78.39 Unrealized -3.8%

MZTI MARZETTI COMPANY 0.1%

Value ($000) $726 (-6.6%) Shares 4,415 (-1.8%) Est. Cost $185.09 Unrealized -9.8%

ABT ABBOTT LABORATORIES COM 0.1%

Value ($000) $526 (-8.7%) Shares 4,200 (-2.4%) Est. Cost $108.66 Unrealized +17.2%

WFC WELLS FARGO & CO NEW COM 0.1%

Value ($000) $695 (+7.8%) Shares 7,455 (-3.1%) Est. Cost $44.04 Unrealized +96.7%

RTX RTX CORP 0.1%

Value ($000) $795 (+6.4%) Shares 4,337 (-2.9%) Est. Cost $63.46 Unrealized +173.1%

AMT AMERICAN TOWER CORP CL A 0.0%

Value ($000) $356 (-11.3%) Shares 2,025 (-2.9%) Est. Cost $119.32 Unrealized +51.1%

CSL CARLISLE COS INC 0.1%

Value ($000) $930 (-4.6%) Shares 2,908 (-1.9%) Est. Cost $285.96 Unrealized +12.8%

SYF SYNCHRONY FINL COM 0.0%

Value ($000) $334 (+13.9%) Shares 4,000 (-3.0%) Est. Cost $43.57 Unrealized +75.2%

CB CHUBB LIMITED 0.1%

Value ($000) $542 (+7.5%) Shares 1,735 (-2.8%) Est. Cost $131.16 Unrealized +122.9%

SF STIFEL FINL CORP 0.1%

Value ($000) $1,299 (-2.7%) Shares 10,372 (-11.8%) Est. Cost $62.74 Unrealized +90.6%

AMZN AMAZON.COM INC COM 0.2%

Value ($000) $2,084 (+1.7%) Shares 9,030 (-3.2%) Est. Cost $125.25 Unrealized +82.7%

EQH EQUITABLE HOLDINGS INC 0.0%

Value ($000) $296 (-10.1%) Shares 6,215 (-4.2%) Est. Cost $28.91 Unrealized +63.4%

ABBV ABBVIE INC COM 0.1%

Value ($000) $652 (-4.8%) Shares 2,855 (-3.5%) Est. Cost $182.67 Unrealized +24.6%

EW EDWARDS LIFESCIENCES CORP COM 0.0%

Value ($000) $428 (+7.5%) Shares 5,020 (-2.0%) Est. Cost $72.49 Unrealized +13.2%

EOG EOG RESOURCES INC 0.0%

Value ($000) $290 (-8.8%) Shares 2,765 (-2.6%) Est. Cost $63.26 Unrealized +69.5%

AAPL APPLE INC 0.4%

Value ($000) $3,595 (-0.8%) Shares 13,225 (-7.1%) Est. Cost $86.22 Unrealized +211.2%

CFR CULLEN FROST BANKERS INC 0.1%

Value ($000) $934 (-2.8%) Shares 7,378 (-2.7%) Est. Cost $112.34 Unrealized +11.1%

FAF FIRST AMERN FINL CORP COM 0.0%

Value ($000) $351 (-7.1%) Shares 5,715 (-2.9%) Est. Cost $44.54 Unrealized +39.9%

MA MASTERCARD INC CL A 0.1%

Value ($000) $831 (-3.0%) Shares 1,455 (-3.3%) Est. Cost $122.26 Unrealized +357.2%

WMT WAL MART STORES INC COM 0.1%

Value ($000) $633 (+4.2%) Shares 5,685 (-3.6%) Est. Cost $49.80 Unrealized +115.3%

AME AMETEK INC NEW COM 0.1%

Value ($000) $532 (+5.0%) Shares 2,590 (-3.9%) Est. Cost $93.74 Unrealized +107.3%

CHD CHURCH & DWIGHT CO INC 0.0%

Value ($000) $263 (-8.4%) Shares 3,140 (-4.3%) Est. Cost $69.89 Unrealized +22.0%

ICLR ICON PLC SHS 0.1%

Value ($000) $1,051 (+2.2%) Shares 5,768 (-1.8%) Est. Cost $206.09 Unrealized -13.6%

MKL MARKEL CORP 0.1%

Value ($000) $1,296 (-1.7%) Shares 603 (-12.6%) Est. Cost $1414.95 Unrealized +43.2%

NSSC NAPCO SECURITY SYSTEMS INC 0.0%

Value ($000) $440 (-4.7%) Shares 10,548 (-1.9%) Est. Cost $31.96 Unrealized +31.3%

XOM EXXON MOBIL CORP 0.1%

Value ($000) $701 (+3.2%) Shares 5,825 (-3.3%) Est. Cost $59.89 Unrealized +92.8%

FICO FAIR ISAAC CORPORATION COM 0.0%

Value ($000) $384 (+6.0%) Shares 227 (-6.2%) Est. Cost $1872.68 Unrealized -8.1%

EGP EASTGROUP PPTYS INC COM 0.1%

Value ($000) $668 (+3.3%) Shares 3,751 (-1.9%) Est. Cost $169.26 Unrealized —

PSX PHILLIPS 66 0.0%

Value ($000) $285 (-6.8%) Shares 2,205 (-1.8%) Est. Cost $126.39 Unrealized +6.0%

MPWR MONOLITHIC PWR SYS INC 0.0%

Value ($000) $353 (-5.2%) Shares 390 (-3.7%) Est. Cost $808.07 Unrealized +18.9%

WM WASTE MANAGEMENT INC COM 0.1%

Value ($000) $515 (-3.4%) Shares 2,345 (-2.9%) Est. Cost $71.94 Unrealized +195.5%

BK BANK NEW YORK MELLON CORP COM 0.0%

Value ($000) $470 (+4.0%) Shares 4,050 (-2.4%) Est. Cost $101.35 Unrealized +9.0%

SN SHARKNINJA INC 0.0%

Value ($000) $294 (+6.1%) Shares 2,630 (-2.2%) Est. Cost $101.80 Unrealized -3.2%

CME CME GROUP INC COM 0.0%

Value ($000) $467 (-3.4%) Shares 1,710 (-4.5%) Est. Cost $103.78 Unrealized +160.9%

SUI SUN CMNTYS INC COM 0.0%

Value ($000) $276 (-5.6%) Shares 2,230 (-1.8%) Est. Cost $130.19 Unrealized —

AEIS ADVANCED ENERGY INDS INC COM 2.9%

Value ($000) $29,303 (-0.1%) Shares 139,959 (-18.8%) Est. Cost $85.61 Unrealized +137.6%

BKNG BOOKING HOLDINGS INC 0.0%

Value ($000) $428 (-3.2%) Shares 80 (-2.4%) Est. Cost $1975.79 Unrealized +160.0%

LAMR LAMAR ADVERTISING CO 0.1%

Value ($000) $1,070 (+1.3%) Shares 8,450 (-2.1%) Est. Cost $102.67 Unrealized —

MCHP MICROCHIP TECHNOLOGY INC COM 0.0%

Value ($000) $416 (-3.0%) Shares 6,535 (-2.2%) Est. Cost $57.50 Unrealized +6.7%

TTEK TETRA TECH INC NEW 0.1%

Value ($000) $1,081 (-1.1%) Shares 32,235 (-1.6%) Est. Cost $41.68 Unrealized -18.9%

MCO MOODYS CORP COM 0.0%

Value ($000) $419 (+2.8%) Shares 820 (-4.1%) Est. Cost $325.21 Unrealized +49.9%

ATO ATMOS ENERGY CORP COM 0.0%

Value ($000) $286 (-3.8%) Shares 1,705 (-2.0%) Est. Cost $101.66 Unrealized +69.5%

QLYS QUALYS INC 0.1%

Value ($000) $744 (-1.4%) Shares 5,596 (-1.8%) Est. Cost $129.74 Unrealized +6.0%

TXRH TEXAS ROADHOUSE INC CL A 0.0%

Value ($000) $290 (-2.9%) Shares 1,745 (-2.8%) Est. Cost $174.35 Unrealized -3.2%

JPM JPMORGAN CHASE & CO 0.1%

Value ($000) $1,183 (-0.6%) Shares 3,670 (-2.7%) Est. Cost $71.23 Unrealized +334.6%

NXST NEXSTAR MEDIA GROUP INC 0.1%

Value ($000) $765 (+0.8%) Shares 3,768 (-1.8%) Est. Cost $106.73 Unrealized +80.7%

ADC AGREE REALTY CORP 0.1%

Value ($000) $754 (-0.5%) Shares 10,467 (-1.8%) Est. Cost $60.36 Unrealized —

FANG DIAMONDBACK ENERGY INC COM 0.0%

Value ($000) $283 (-1.3%) Shares 1,880 (-6.0%) Est. Cost $131.48 Unrealized +11.8%

RS RELIANCE INC COM 0.1%

Value ($000) $648 (+0.5%) Shares 2,242 (-2.3%) Est. Cost $300.03 Unrealized -6.4%

LECO LINCOLN ELECTRIC CO HOLDINGS 0.1%

Value ($000) $857 (-0.3%) Shares 3,575 (-1.8%) Est. Cost $196.16 Unrealized +20.7%

UFPT UFP TECHNOLOGIES INC COM 0.0%

Value ($000) $272 (-0.5%) Shares 1,225 (-10.6%) Est. Cost $259.85 Unrealized -17.5%

CSX CSX CORP COM 0.1%

Value ($000) $558 (+0.1%) Shares 15,400 (-1.9%) Est. Cost $31.36 Unrealized +13.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMBA	AMBARELLA INC	107,508 (-49.3%)	$7,616 (-56.4%)	0.8%	$75.14	+7.5%	COM	G037AX101
NPO	ENPRO INC	128,399 (-19.7%)	$27,494 (-23.9%)	2.7%	$102.79	+115.2%	COM	29355X107
ITGR	INTEGER HOLDINGS CORP	221,591 (-11.3%)	$17,379 (-32.7%)	1.7%	$85.89	-7.2%	COM	45826H109
KALU	KAISER ALUMINUM CORP	232,880 (-6.9%)	$26,749 (+38.5%)	2.6%	$68.92	+37.0%	COM	483007704
DORM	DORMAN PRODUCTS INC	109,320 (-6.7%)	$13,467 (-26.3%)	1.3%	$68.59	+96.8%	COM	258278100
WD	WALKER & DUNLOP INC	148,534 (-8.7%)	$8,934 (-34.3%)	0.9%	$84.08	-16.2%	COM	93148P102
ESE	ESCO TECHNOLOGIES INC COM	145,136 (-6.9%)	$28,358 (-13.9%)	2.8%	$105.95	+98.9%	COM	296315104
VIAV	VIAVI SOLUTIONS INC	1,027,164 (-6.9%)	$18,304 (+30.7%)	1.8%	$9.79	+64.9%	COM	925550105
ALG	ALAMO GROUP INC	93,093 (-8.6%)	$15,627 (-19.6%)	1.5%	$197.18	-11.9%	COM	011311107
ADUS	ADDUS HOMECARE CORP COM	185,187 (-7.0%)	$19,887 (-15.3%)	2.0%	$92.40	+24.3%	COM	006739106
PATK	PATRICK INDS INC	144,693 (-22.1%)	$15,689 (-18.4%)	1.5%	$59.62	+75.5%	COM	703343103
ENOV	ENOVIS CORP	527,707 (-8.6%)	$14,058 (-19.7%)	1.4%	$52.29	-43.5%	COM	194014502
ICFI	ICF INTERNATIONAL INC	214,020 (-7.9%)	$18,256 (-15.3%)	1.8%	$93.33	-9.1%	COM	44925C103
MCRI	MONARCH CASINO & RESORT INC	181,098 (-7.0%)	$17,331 (-15.9%)	1.7%	$69.15	+39.1%	COM	609027107
CTRE	CARETRUST REIT INC	274,647 (-27.6%)	$9,931 (-24.5%)	1.0%	$26.11	—	COM	14174T107
OLLI	OLLIE'S BARGAIN OUTLET HLDGS	115,955 (-6.5%)	$12,710 (-20.2%)	1.3%	$57.02	+111.5%	COM	681116109
ENS	ENERSYS	120,975 (-7.4%)	$17,753 (+20.3%)	1.7%	$74.22	+79.7%	COM	29275Y102
MMI	MARCUS & MILLICHAP INC	612,480 (-8.5%)	$16,715 (-14.9%)	1.6%	$29.83	-3.0%	COM	566324109
MC	MOELIS & CO	369,765 (-6.8%)	$25,418 (-10.2%)	2.5%	$27.51	+139.1%	COM	60786M105
BOOT	BOOT BARN HOLDINGS INC	105,790 (-18.3%)	$18,669 (-13.0%)	1.8%	$43.05	+333.4%	COM	099406100
KFY	KORN FERRY COMMON STOCK	284,142 (-7.0%)	$18,759 (-12.3%)	1.8%	$38.62	+73.1%	COM	500643200
CPK	CHESAPEAKE UTILITIES CORP	125,912 (-7.0%)	$15,709 (-13.8%)	1.5%	$93.51	+40.5%	COM	165303108
IDA	IDACORP INC	163,127 (-6.6%)	$20,645 (-10.6%)	2.0%	$78.07	+66.6%	COM	451107106
BWIN	BALDWIN INSURANCE GROUP INC	378,218 (-7.2%)	$9,089 (-21.0%)	0.9%	$24.17	+5.4%	COM	05589G102
STC	STEWART INFORMATION SERVICES C	264,702 (-6.9%)	$18,598 (-10.8%)	1.8%	$43.25	+66.5%	COM	860372101
AMN	AMN HEALTHCARE SERVICES INC	380,529 (-8.5%)	$5,997 (-25.5%)	0.6%	$45.63	-60.9%	COM	001744101
EXLS	EXLSERVICE HOLDINGS INC	416,347 (-6.8%)	$17,670 (-10.1%)	1.7%	$27.49	+48.7%	COM	302081104
AUB	ATLANTIC UNION BANKSHARES CO	657,791 (-7.0%)	$23,220 (-6.9%)	2.3%	$29.04	+16.6%	COM	04911A107
UMBF	UMB FINANCIAL CORP	129,530 (-6.7%)	$14,901 (-9.3%)	1.5%	$68.58	+65.2%	COM	902788108
LFUS	LITTELFUSE INC	58,394 (-6.6%)	$14,769 (-8.8%)	1.5%	$200.82	+26.8%	COM	537008104
NTST	NETSTREIT CORP COM	725,786 (-6.9%)	$12,803 (-9.1%)	1.3%	$14.15	—	COM	64119V303
GOLF	ACUSHNET HLDGS CORP	212,851 (-6.9%)	$16,990 (-5.4%)	1.7%	$50.96	+59.3%	COM	005098108
FELE	FRANKLIN ELEC INC	145,752 (-6.8%)	$13,924 (-6.5%)	1.4%	$41.12	+131.2%	COM	353514102
SIGI	SELECTIVE INS GROUP INC	256,516 (-7.2%)	$21,463 (-4.2%)	2.1%	$47.17	+68.9%	COM	816300107
SLP	SIMULATIONS PLUS INC	520,855 (-8.4%)	$9,495 (+10.8%)	0.9%	$28.90	-39.3%	COM	829214105
COHU	COHU INC	703,383 (-7.5%)	$16,368 (+5.9%)	1.6%	$27.32	-16.1%	COM	192576106
KFRC	KFORCE INC	377,715 (-8.7%)	$11,679 (-5.8%)	1.2%	$41.38	-28.9%	COM	493732101
BLKB	BLACKBAUD INC COM	245,682 (-2.5%)	$15,557 (-4.0%)	1.5%	$68.19	-9.3%	COM	09227Q100
GOOG	ALPHABET INC CAP STK CL C	9,945 (-3.2%)	$3,121 (+24.8%)	0.3%	$109.93	+160.5%	COM	02079K107
BHE	BENCHMARK ELECTRS INC	409,339 (-6.9%)	$17,503 (+3.3%)	1.7%	$22.71	+90.0%	COM	08160H101
CASY	CASEY'S GENERAL STORES INC	1,773 (-30.2%)	$980 (-31.8%)	0.1%	$286.28	+92.0%	COM	147528103
MANH	MANHATTAN ASSOCIATES INC	3,988 (-23.2%)	$691 (-35.0%)	0.1%	$214.44	-14.7%	COM	562750109
MSFT	MICROSOFT CORP	6,570 (-3.1%)	$3,177 (-9.5%)	0.3%	$66.54	+652.3%	COM	594918104
LLY	LILLY ELI & CO COM	1,035 (-2.8%)	$1,112 (+36.9%)	0.1%	$85.36	+1019.5%	COM	532457108
NVDA	NVIDIA CORP COM	21,585 (-5.4%)	$4,026 (-5.4%)	0.4%	$91.57	+103.3%	COM	67066G104
PTC	PTC INC	6,494 (-2.8%)	$1,131 (-16.6%)	0.1%	$147.12	+26.3%	COM	69370C100
META	META PLATFORM, INC	2,220 (-3.1%)	$1,465 (-12.9%)	0.1%	$180.75	+269.2%	COM	30303M102
OBK	ORIGIN BANCORP INC	367,767 (-6.9%)	$13,832 (+1.4%)	1.4%	$36.54	-2.0%	COM	68621T102
CASS	CASS INFORMATION SYSTEMS INC	256,433 (-6.9%)	$10,647 (-1.8%)	1.0%	$36.20	+11.9%	COM	14808P109
ONTO	ONTO INNOVATION INC	7,000 (-1.9%)	$1,105 (+19.9%)	0.1%	$111.64	+27.2%	COM	683344105
BURL	BURLINGTON STORES INC	5,548 (-1.8%)	$1,603 (+11.4%)	0.2%	$219.58	+23.5%	COM	122017106
GLW	CORNING INC COM	5,470 (-28.7%)	$479 (-23.9%)	0.0%	$48.55	+77.1%	COM	219350105
BRO	BROWN & BROWN INC	9,168 (-2.2%)	$731 (-16.9%)	0.1%	$68.53	+21.6%	COM	115236101
SO	SOUTHERN CO	3,825 (-23.9%)	$334 (-30.0%)	0.0%	$81.63	+11.3%	COM	842587107
TSCO	TRACTOR SUPPLY CO COM	17,147 (-2.4%)	$858 (-14.2%)	0.1%	$52.43	+2.5%	COM	892356106
RPM	RPM INTL INC COM	8,110 (-2.2%)	$843 (-13.7%)	0.1%	$102.44	+5.7%	COM	749685103
MTZ	MASTEC INC	2,650 (-20.1%)	$576 (-18.3%)	0.1%	$63.55	+230.2%	COM	576323109
COST	COSTCO WHSL CORP NEW COM	570 (-14.9%)	$492 (-20.7%)	0.0%	$163.04	+455.5%	COM	22160K105
BLD	TOPBUILD CORP COM	1,586 (-21.0%)	$662 (-15.7%)	0.1%	$319.21	+34.3%	COM	89055F103
PCT	PURECYCLE TECH INC	24,951 (-2.7%)	$214 (-36.5%)	0.0%	$7.44	+42.6%	COM	74623V103
HD	HOME DEPOT INC COM	1,420 (-3.7%)	$489 (-18.2%)	0.0%	$142.24	+156.3%	COM	437076102
NEE	NEXTERA ENERGY INC COM	5,320 (-24.6%)	$427 (-19.9%)	0.0%	$60.06	+37.4%	COM	65339F101
JLL	JONES LANG LASALLE INC	2,914 (-1.9%)	$980 (+10.7%)	0.1%	$211.27	+48.4%	COM	48020Q107
BR	BROADRIDGE FINL SOLUTIONS INC	3,888 (-3.1%)	$868 (-9.2%)	0.1%	$146.39	+55.3%	COM	11133T103
MS	MORGAN STANLEY COM NEW	3,140 (-22.5%)	$557 (-13.4%)	0.1%	$71.44	+133.0%	COM	617446448
UTHR	UNITED THERAPEUTICS CORP DEL C	760 (-30.0%)	$370 (-18.6%)	0.0%	$290.68	+60.2%	COM	91307C102
POOL	POOL CORP	890 (-3.3%)	$204 (-28.6%)	0.0%	$363.95	-28.7%	COM	73278L105
FR	FIRST INDUSTRIAL REALTY TRUST	6,370 (-26.1%)	$365 (-17.8%)	0.0%	$40.59	—	COM	32054K103
SSB	SOUTHSTATE BANK CORP	11,644 (-1.8%)	$1,096 (-6.6%)	0.1%	$96.71	-5.0%	COM	84472E102
CACI	CACI INTL INC	2,324 (-11.9%)	$1,238 (-5.9%)	0.1%	$321.70	+75.7%	COM	127190304
RVTY	REVVITY INC	9,456 (-1.5%)	$915 (+8.8%)	0.1%	$111.41	-13.8%	COM	714046109
PR	PERMIAN RESOURCES CORP	73,985 (-1.8%)	$1,038 (+7.6%)	0.1%	$14.48	-7.3%	COM	71424F105
RCL	ROYAL CARIBBEAN CRUISES LTD	1,210 (-4.3%)	$337 (-17.5%)	0.0%	$53.44	+426.9%	COM	V7780T103
DG	DOLLAR GENERAL CORP	2,590 (-2.3%)	$344 (+25.6%)	0.0%	$108.94	+2.4%	COM	256677105
MBWM	MERCANTILE BANK CORP	231,259 (-7.0%)	$11,124 (-0.6%)	1.1%	$26.41	+73.7%	COM	587376104
APH	AMPHENOL CORP CL A	4,135 (-18.2%)	$559 (-10.7%)	0.1%	$50.87	+162.5%	COM	032095101
KO	COCA COLA CO COM	5,970 (-17.9%)	$417 (-13.4%)	0.0%	$64.97	+6.8%	COM	191216100
ANET	ARISTA NETWORKS	3,760 (-1.6%)	$493 (-11.5%)	0.0%	$87.30	+57.7%	COM	040413205
MOH	MOLINA HEALTHCARE INC	2,958 (-1.8%)	$513 (-11.0%)	0.1%	$306.00	-46.3%	COM	60855R100
TMUS	T MOBILE US INC	1,335 (-4.3%)	$271 (-18.8%)	0.0%	$229.69	-8.0%	COM	872590104
ORLY	O'REILLY AUTOMOTIVE INC NEW CO	3,130 (-3.1%)	$285 (-18.0%)	0.0%	$86.17	+13.4%	COM	67103H107
LIN	LINDE PLC	955 (-3.0%)	$407 (-13.0%)	0.0%	$322.30	+32.6%	COM	G54950103
AMGN	AMGEN INC COM	1,635 (-3.3%)	$535 (+12.2%)	0.1%	$260.02	+21.5%	COM	031162100
FBIN	FORTUNE BRANDS INNOVATIONS INC	13,304 (-1.8%)	$665 (-8.0%)	0.1%	$71.12	-30.0%	COM	34964C106
CTAS	CINTAS CORP COM	2,380 (-3.3%)	$448 (-11.4%)	0.0%	$154.78	+21.6%	COM	172908105
WH	WYNDHAM HOTELS & RESORTS INC C	8,998 (-1.8%)	$680 (-7.2%)	0.1%	$78.39	-3.8%	COM	98311A105
MZTI	MARZETTI COMPANY	4,415 (-1.8%)	$726 (-6.6%)	0.1%	$185.09	-9.8%	COM	513847103
ABT	ABBOTT LABORATORIES COM	4,200 (-2.4%)	$526 (-8.7%)	0.1%	$108.66	+17.2%	COM	002824100
WFC	WELLS FARGO & CO NEW COM	7,455 (-3.1%)	$695 (+7.8%)	0.1%	$44.04	+96.7%	COM	949746101
RTX	RTX CORP	4,337 (-2.9%)	$795 (+6.4%)	0.1%	$63.46	+173.1%	COM	75513E101
AMT	AMERICAN TOWER CORP CL A	2,025 (-2.9%)	$356 (-11.3%)	0.0%	$119.32	+51.1%	COM	03027X100
CSL	CARLISLE COS INC	2,908 (-1.9%)	$930 (-4.6%)	0.1%	$285.96	+12.8%	COM	142339100
SYF	SYNCHRONY FINL COM	4,000 (-3.0%)	$334 (+13.9%)	0.0%	$43.57	+75.2%	COM	87165B103
CB	CHUBB LIMITED	1,735 (-2.8%)	$542 (+7.5%)	0.1%	$131.16	+122.9%	COM	H1467J104
SF	STIFEL FINL CORP	10,372 (-11.8%)	$1,299 (-2.7%)	0.1%	$62.74	+90.6%	COM	860630102
AMZN	AMAZON.COM INC COM	9,030 (-3.2%)	$2,084 (+1.7%)	0.2%	$125.25	+82.7%	COM	023135106
EQH	EQUITABLE HOLDINGS INC	6,215 (-4.2%)	$296 (-10.1%)	0.0%	$28.91	+63.4%	COM	29452E101
ABBV	ABBVIE INC COM	2,855 (-3.5%)	$652 (-4.8%)	0.1%	$182.67	+24.6%	COM	00287Y109
EW	EDWARDS LIFESCIENCES CORP COM	5,020 (-2.0%)	$428 (+7.5%)	0.0%	$72.49	+13.2%	COM	28176E108
EOG	EOG RESOURCES INC	2,765 (-2.6%)	$290 (-8.8%)	0.0%	$63.26	+69.5%	COM	26875P101
AAPL	APPLE INC	13,225 (-7.1%)	$3,595 (-0.8%)	0.4%	$86.22	+211.2%	COM	037833100
CFR	CULLEN FROST BANKERS INC	7,378 (-2.7%)	$934 (-2.8%)	0.1%	$112.34	+11.1%	COM	229899109
FAF	FIRST AMERN FINL CORP COM	5,715 (-2.9%)	$351 (-7.1%)	0.0%	$44.54	+39.9%	COM	31847R102
MA	MASTERCARD INC CL A	1,455 (-3.3%)	$831 (-3.0%)	0.1%	$122.26	+357.2%	COM	57636Q104
WMT	WAL MART STORES INC COM	5,685 (-3.6%)	$633 (+4.2%)	0.1%	$49.80	+115.3%	COM	931142103
AME	AMETEK INC NEW COM	2,590 (-3.9%)	$532 (+5.0%)	0.1%	$93.74	+107.3%	COM	031100100
CHD	CHURCH & DWIGHT CO INC	3,140 (-4.3%)	$263 (-8.4%)	0.0%	$69.89	+22.0%	COM	171340102
ICLR	ICON PLC SHS	5,768 (-1.8%)	$1,051 (+2.2%)	0.1%	$206.09	-13.6%	COM	G4705A100
MKL	MARKEL CORP	603 (-12.6%)	$1,296 (-1.7%)	0.1%	$1414.95	+43.2%	COM	570535104
NSSC	NAPCO SECURITY SYSTEMS INC	10,548 (-1.9%)	$440 (-4.7%)	0.0%	$31.96	+31.3%	COM	630402105
XOM	EXXON MOBIL CORP	5,825 (-3.3%)	$701 (+3.2%)	0.1%	$59.89	+92.8%	COM	30231G102
FICO	FAIR ISAAC CORPORATION COM	227 (-6.2%)	$384 (+6.0%)	0.0%	$1872.68	-8.1%	COM	303250104
EGP	EASTGROUP PPTYS INC COM	3,751 (-1.9%)	$668 (+3.3%)	0.1%	$169.26	—	COM	277276101
PSX	PHILLIPS 66	2,205 (-1.8%)	$285 (-6.8%)	0.0%	$126.39	+6.0%	COM	718546104
MPWR	MONOLITHIC PWR SYS INC	390 (-3.7%)	$353 (-5.2%)	0.0%	$808.07	+18.9%	COM	609839105
WM	WASTE MANAGEMENT INC COM	2,345 (-2.9%)	$515 (-3.4%)	0.1%	$71.94	+195.5%	COM	94106L109
BK	BANK NEW YORK MELLON CORP COM	4,050 (-2.4%)	$470 (+4.0%)	0.0%	$101.35	+9.0%	COM	064058100
SN	SHARKNINJA INC	2,630 (-2.2%)	$294 (+6.1%)	0.0%	$101.80	-3.2%	COM	G8068L108
CME	CME GROUP INC COM	1,710 (-4.5%)	$467 (-3.4%)	0.0%	$103.78	+160.9%	COM	12572Q105
SUI	SUN CMNTYS INC COM	2,230 (-1.8%)	$276 (-5.6%)	0.0%	$130.19	—	COM	866674104
AEIS	ADVANCED ENERGY INDS INC COM	139,959 (-18.8%)	$29,303 (-0.1%)	2.9%	$85.61	+137.6%	COM	007973100
BKNG	BOOKING HOLDINGS INC	80 (-2.4%)	$428 (-3.2%)	0.0%	$1975.79	+160.0%	COM	09857L108
LAMR	LAMAR ADVERTISING CO	8,450 (-2.1%)	$1,070 (+1.3%)	0.1%	$102.67	—	COM	512816109
MCHP	MICROCHIP TECHNOLOGY INC COM	6,535 (-2.2%)	$416 (-3.0%)	0.0%	$57.50	+6.7%	COM	595017104
TTEK	TETRA TECH INC NEW	32,235 (-1.6%)	$1,081 (-1.1%)	0.1%	$41.68	-18.9%	COM	88162G103
MCO	MOODYS CORP COM	820 (-4.1%)	$419 (+2.8%)	0.0%	$325.21	+49.9%	COM	615369105
ATO	ATMOS ENERGY CORP COM	1,705 (-2.0%)	$286 (-3.8%)	0.0%	$101.66	+69.5%	COM	049560105
QLYS	QUALYS INC	5,596 (-1.8%)	$744 (-1.4%)	0.1%	$129.74	+6.0%	COM	74758T303
TXRH	TEXAS ROADHOUSE INC CL A	1,745 (-2.8%)	$290 (-2.9%)	0.0%	$174.35	-3.2%	COM	882681109
JPM	JPMORGAN CHASE & CO	3,670 (-2.7%)	$1,183 (-0.6%)	0.1%	$71.23	+334.6%	COM	46625H100
NXST	NEXSTAR MEDIA GROUP INC	3,768 (-1.8%)	$765 (+0.8%)	0.1%	$106.73	+80.7%	COM	65336K103
ADC	AGREE REALTY CORP	10,467 (-1.8%)	$754 (-0.5%)	0.1%	$60.36	—	COM	008492100
FANG	DIAMONDBACK ENERGY INC COM	1,880 (-6.0%)	$283 (-1.3%)	0.0%	$131.48	+11.8%	COM	25278X109
RS	RELIANCE INC COM	2,242 (-2.3%)	$648 (+0.5%)	0.1%	$300.03	-6.4%	COM	759509102
LECO	LINCOLN ELECTRIC CO HOLDINGS	3,575 (-1.8%)	$857 (-0.3%)	0.1%	$196.16	+20.7%	COM	533900106
UFPT	UFP TECHNOLOGIES INC COM	1,225 (-10.6%)	$272 (-0.5%)	0.0%	$259.85	-17.5%	COM	902673102
CSX	CSX CORP COM	15,400 (-1.9%)	$558 (+0.1%)	0.1%	$31.36	+13.8%	COM	126408103

Unchanged Positions (5)

IPAR INTERPARFUMS INC 1.0%

Value ($000) $9,782 Shares 115,311 Est. Cost $121.51 Unrealized -27.6%

POWI POWER INTEGRATIONS INC 1.1%

Value ($000) $10,776 Shares 303,221 Est. Cost $70.90 Unrealized -46.8%

RAMP LIVERAMP HLDGS INC 1.5%

Value ($000) $15,415 Shares 524,868 Est. Cost $28.18 Unrealized +1.8%

SBCF SEACOAST BKG CORP FLA 2.2%

Value ($000) $22,779 Shares 724,986 Est. Cost $29.71 Unrealized +4.9%

— FIRST HORIZON SHS 0.0%

Value ($000) $0 Shares 72,825 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IPAR	INTERPARFUMS INC	115,311	$9,782	1.0%	$121.51	-27.6%	COM	458334109
POWI	POWER INTEGRATIONS INC	303,221	$10,776	1.1%	$70.90	-46.8%	COM	739276103
RAMP	LIVERAMP HLDGS INC	524,868	$15,415	1.5%	$28.18	+1.8%	COM	53815P108
SBCF	SEACOAST BKG CORP FLA	724,986	$22,779	2.2%	$29.71	+4.9%	COM	811707801
—	FIRST HORIZON SHS	72,825	$0	0.0%	—	—	COM	dca517101