Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KBR	KBR INC	1,143,989 (+31.9%)	$39.5M (+23.5%)	5.8%	$39.77	—	COM	48242W106
MSFT	MICROSOFT CORP	69,658 (+37.7%)	$25.98M (+38.8%)	3.8%	$238.79	—	COM	594918104
OI	O-I GLASS INC	1,142,011 (+74.8%)	$11M (+60.1%)	1.6%	$11.69	—	COM	67098H104
TTI	TETRA TECHNOLOGIES INC DEL	1,082,148 (+9.6%)	$12.26M (+45.8%)	1.8%	$3.30	—	COM	88162F105
BP	BP PLC	623,107 (+9.7%)	$23.02M (-13.8%)	3.4%	$30.61	—	SPONSORED ADR	055622104
DG	DOLLAR GEN CORP	206,412 (+15.3%)	$23.76M (+11.7%)	3.5%	$102.76	—	COM	256677105
THC	TENET HEALTHCARE CORP	75,301 (+19.0%)	$14.09M (+17.9%)	2.1%	$145.51	—	COM NEW	88033G407
ORCL	ORACLE CORP	172,318 (+6.5%)	$25.25M (+6.1%)	3.7%	$169.58	—	COM	68389X105
CEG	CONSTELLATION ENERGY CORP	30,286 (+30.1%)	$7.522M (+15.7%)	1.1%	$211.39	—	COM	21037T109
MA	MASTERCARD INCORPORATED	19,409 (+5.4%)	$9.968M (+8.4%)	1.5%	$333.73	—	CL A	57636Q104
TFC	TRUIST FINL CORP	153,464 (+1.3%)	$7.646M (+9.8%)	1.1%	$38.84	—	COM	89832Q109
VST	VISTRA CORP	21,479 (+17.2%)	$3.407M (+23.7%)	0.5%	$169.22	—	COM	92840M102
IOSP	INNOSPEC INC	29,148 (+15.9%)	$2.372M (+29.2%)	0.3%	$88.84	—	COM	45768S105
VRTS	VIRTUS INVT PARTNERS INC	15,468 (+23.1%)	$2.22M (+31.5%)	0.3%	$157.37	—	COM	92828Q109
SAIC	SCIENCE APPLICATIONS INTL CO	29,285 (+1.7%)	$3.233M (+18.3%)	0.5%	$100.96	—	COM	808625107
LNG	CHENIERE ENERGY INC	32,431 (+14.1%)	$7.751M (-3.9%)	1.1%	$184.73	—	COM NEW	16411R208
CVX	CHEVRON CORPORATION	18,600 (+15.5%)	$3.083M (-7.4%)	0.5%	$108.05	—	COM	166764100
HRB	BLOCK H & R INC	26,100 (+11.0%)	$994K (+33.1%)	0.1%	$30.16	—	COM	093671105
CMC	COMMERCIAL METALS CO	11,100 (+15.6%)	$697K (+18.1%)	0.1%	$53.97	—	COM	201723103
GT	GOODYEAR TIRE & RUBR CO	69,200 (+27.7%)	$457K (+27.1%)	0.1%	$9.26	—	COM	382550101
HLF	HERBALIFE LTD	368,163 (+13.1%)	$4.841M (+1.0%)	0.7%	$8.46	—	COM SHS	G4412G101

Exited Positions (2)

CHRD CHORD ENERGY CORPORATION 0.1%

Value $339K Shares 2,387 Est. Cost $129.84 Unrealized —

VAL VALARIS LTD 0.0%

Value $314K Shares 3,200 Est. Cost $73.31 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CHRD	CHORD ENERGY CORPORATION	2,387	$339K	0.1%	$129.84	—	—	674215207
VAL	VALARIS LTD	3,200	$314K	0.0%	$73.31	—	—	G9460G101

Decreased Positions (27)

ENVA ENOVA INTL INC 3.7%

Value $24.78M (+75.2%) Shares 102,935 (-1.2%) Est. Cost $38.70 Unrealized —

AEP AMERICAN ELEC PWR CO INC 0.2%

Value $1.055M (-90.1%) Shares 7,710 (-90.5%) Est. Cost $114.92 Unrealized —

UPBD UPBOUND GROUP INC 3.3%

Value $22.53M (-26.7%) Shares 1,061,869 (-37.6%) Est. Cost $25.30 Unrealized —

FDX FEDEX CORP 3.5%

Value $23.54M (-20.5%) Shares 75,167 (-9.6%) Est. Cost $222.07 Unrealized —

SHEL SHELL PLC 1.2%

Value $8.241M (-24.5%) Shares 106,278 (-9.4%) Est. Cost $56.92 Unrealized —

RF REGIONS FINANCIAL CORP NEW 0.8%

Value $5.483M (-26.7%) Shares 181,545 (-36.6%) Est. Cost $21.96 Unrealized —

CARE CARTER BANKSHARES INC 0.9%

Value $6.243M (+40.5%) Shares 183,553 (-3.7%) Est. Cost $11.51 Unrealized —

WEAV WEAVE COMMUNICATIONS INC 1.2%

Value $7.907M (+26.0%) Shares 1,319,982 (-2.8%) Est. Cost $7.34 Unrealized —

WTI W & T OFFSHORE INC 0.6%

Value $4.384M (-25.7%) Shares 1,391,668 (-19.6%) Est. Cost $3.22 Unrealized —

PM PHILIP MORRIS INTL INC 3.3%

Value $22.47M (-5.1%) Shares 124,214 (-13.3%) Est. Cost $110.68 Unrealized —

STRZ STARZ ENTERTAINMENT CORP. 0.4%

Value $2.812M (+74.8%) Shares 97,447 (-30.4%) Est. Cost $15.19 Unrealized —

LION LIONSGATE STUDIOS CORP 0.5%

Value $3.645M (+43.9%) Shares 238,067 (-9.8%) Est. Cost $6.69 Unrealized —

NFG NATIONAL FUEL GAS CO 0.6%

Value $4.26M (-18.9%) Shares 55,176 (-1.3%) Est. Cost $61.28 Unrealized —

XOM EXXON MOBIL CORP 0.2%

Value $1.682M (-31.0%) Shares 12,300 (-14.4%) Est. Cost $102.94 Unrealized —

LYFT LYFT INC 0.6%

Value $3.956M (-15.8%) Shares 270,772 (-23.3%) Est. Cost $13.94 Unrealized —

CVGI COMMERCIAL VEH GROUP INC 0.6%

Value $4.064M (+22.0%) Shares 879,609 (-10.0%) Est. Cost $5.30 Unrealized —

BAC BANK OF AMER CORP 2.9%

Value $19.47M (-2.3%) Shares 341,724 (-16.4%) Est. Cost $32.20 Unrealized —

COP CONOCOPHILLIPS 0.1%

Value $395K (-37.7%) Shares 3,800 (-20.8%) Est. Cost $63.38 Unrealized —

UTMD UTAH MED PRODS INC 0.3%

Value $2.001M (-10.1%) Shares 29,009 (-19.2%) Est. Cost $60.82 Unrealized —

DVN DEVON ENERGY CORP NEW 0.1%

Value $504K (-29.5%) Shares 12,200 (-14.1%) Est. Cost $41.82 Unrealized —

FNWB FIRST NORTHWEST BANCORP 0.1%

Value $781K (+21.8%) Shares 72,267 (-2.2%) Est. Cost $9.47 Unrealized —

EOG EOG RES INC 0.1%

Value $363K (-23.9%) Shares 2,800 (-15.2%) Est. Cost $118.64 Unrealized —

BORR BORR DRILLING LTD 0.0%

Value $123K (-46.4%) Shares 29,900 (-25.1%) Est. Cost $4.16 Unrealized —

SILA SILA REALTY TRUST INC 0.1%

Value $780K (+12.4%) Shares 25,683 (-12.3%) Est. Cost $25.02 Unrealized —

NEE NEXTERA ENERGY INC 0.1%

Value $1.003M (-7.9%) Shares 11,422 (-2.6%) Est. Cost $65.46 Unrealized —

DIN DINE BRANDS GLOBAL INC 0.1%

Value $751K (-7.5%) Shares 20,907 (-32.4%) Est. Cost $34.76 Unrealized —

ETR ENTERGY CORP NEW 0.1%

Value $999K (-3.2%) Shares 8,701 (-5.3%) Est. Cost $55.95 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ENVA	ENOVA INTL INC	102,935 (-1.2%)	$24.78M (+75.2%)	3.7%	$38.70	—	COM	29357K103
AEP	AMERICAN ELEC PWR CO INC	7,710 (-90.5%)	$1.055M (-90.1%)	0.2%	$114.92	—	COM	025537101
UPBD	UPBOUND GROUP INC	1,061,869 (-37.6%)	$22.53M (-26.7%)	3.3%	$25.30	—	COM	76009N100
FDX	FEDEX CORP	75,167 (-9.6%)	$23.54M (-20.5%)	3.5%	$222.07	—	COM	31428X106
SHEL	SHELL PLC	106,278 (-9.4%)	$8.241M (-24.5%)	1.2%	$56.92	—	SPON ADS	780259305
RF	REGIONS FINANCIAL CORP NEW	181,545 (-36.6%)	$5.483M (-26.7%)	0.8%	$21.96	—	COM	7591EP100
CARE	CARTER BANKSHARES INC	183,553 (-3.7%)	$6.243M (+40.5%)	0.9%	$11.51	—	COM NEW	146103106
WEAV	WEAVE COMMUNICATIONS INC	1,319,982 (-2.8%)	$7.907M (+26.0%)	1.2%	$7.34	—	COM	94724R108
WTI	W & T OFFSHORE INC	1,391,668 (-19.6%)	$4.384M (-25.7%)	0.6%	$3.22	—	COM	92922P106
PM	PHILIP MORRIS INTL INC	124,214 (-13.3%)	$22.47M (-5.1%)	3.3%	$110.68	—	COM	718172109
STRZ	STARZ ENTERTAINMENT CORP.	97,447 (-30.4%)	$2.812M (+74.8%)	0.4%	$15.19	—	COM	855919106
LION	LIONSGATE STUDIOS CORP	238,067 (-9.8%)	$3.645M (+43.9%)	0.5%	$6.69	—	COM	53626N102
NFG	NATIONAL FUEL GAS CO	55,176 (-1.3%)	$4.26M (-18.9%)	0.6%	$61.28	—	COM	636180101
XOM	EXXON MOBIL CORP	12,300 (-14.4%)	$1.682M (-31.0%)	0.2%	$102.94	—	COM	30231G102
LYFT	LYFT INC	270,772 (-23.3%)	$3.956M (-15.8%)	0.6%	$13.94	—	CL A COM	55087P104
CVGI	COMMERCIAL VEH GROUP INC	879,609 (-10.0%)	$4.064M (+22.0%)	0.6%	$5.30	—	COM	202608105
BAC	BANK OF AMER CORP	341,724 (-16.4%)	$19.47M (-2.3%)	2.9%	$32.20	—	COM	060505104
COP	CONOCOPHILLIPS	3,800 (-20.8%)	$395K (-37.7%)	0.1%	$63.38	—	COM	20825C104
UTMD	UTAH MED PRODS INC	29,009 (-19.2%)	$2.001M (-10.1%)	0.3%	$60.82	—	COM	917488108
DVN	DEVON ENERGY CORP NEW	12,200 (-14.1%)	$504K (-29.5%)	0.1%	$41.82	—	COM	25179M103
FNWB	FIRST NORTHWEST BANCORP	72,267 (-2.2%)	$781K (+21.8%)	0.1%	$9.47	—	COM	335834107
EOG	EOG RES INC	2,800 (-15.2%)	$363K (-23.9%)	0.1%	$118.64	—	COM	26875P101
BORR	BORR DRILLING LTD	29,900 (-25.1%)	$123K (-46.4%)	0.0%	$4.16	—	SHS	G1466R173
SILA	SILA REALTY TRUST INC	25,683 (-12.3%)	$780K (+12.4%)	0.1%	$25.02	—	COMMON STOCK	146280508
NEE	NEXTERA ENERGY INC	11,422 (-2.6%)	$1.003M (-7.9%)	0.1%	$65.46	—	COM	65339F101
DIN	DINE BRANDS GLOBAL INC	20,907 (-32.4%)	$751K (-7.5%)	0.1%	$34.76	—	COM	254423106
ETR	ENTERGY CORP NEW	8,701 (-5.3%)	$999K (-3.2%)	0.1%	$55.95	—	COM	29364G103

Unchanged Positions (49)

C CITIGROUP INC 5.5%

Value $37.61M Shares 268,755 Est. Cost $47.64 Unrealized —

T AT&T INC 2.5%

Value $16.93M Shares 817,725 Est. Cost $19.64 Unrealized —

LLY ELI LILLY & CO 4.0%

Value $26.91M Shares 22,437 Est. Cost $61.41 Unrealized —

GLNG GOLAR LNG LTD 7.1%

Value $47.87M Shares 960,400 Est. Cost $27.16 Unrealized —

PFE PFIZER INC 3.5%

Value $23.7M Shares 984,335 Est. Cost $24.64 Unrealized —

URI UNITED RENTALS INC 1.2%

Value $8.089M Shares 7,140 Est. Cost $399.78 Unrealized —

UNH UNITEDHEALTH GROUP INC 1.1%

Value $7.297M Shares 17,556 Est. Cost $328.39 Unrealized —

CNO CNO FINL GROUP INC 1.6%

Value $11.16M Shares 218,998 Est. Cost $14.09 Unrealized —

NOC NORTHROP GRUMMAN CORP 0.9%

Value $6.261M Shares 12,293 Est. Cost $386.76 Unrealized —

FHN FIRST HORIZON CORPORATION 2.2%

Value $14.72M Shares 574,268 Est. Cost $12.41 Unrealized —

NRIM NORTHRIM BANCORP INC 0.8%

Value $5.344M Shares 192,656 Est. Cost $19.39 Unrealized —

FUNC FIRST UTD CORP 0.8%

Value $5.29M Shares 119,937 Est. Cost $16.91 Unrealized —

FFIV F5 INC 0.4%

Value $2.878M Shares 6,920 Est. Cost $176.67 Unrealized —

JPM JPMORGAN CHASE & CO 0.9%

Value $6.328M Shares 19,333 Est. Cost $40.80 Unrealized —

FCNCA FIRST CTZNS BANCSHARES INC D 0.9%

Value $6.124M Shares 2,943 Est. Cost $1008.23 Unrealized —

CFFI C & F FINL CORP 0.7%

Value $4.833M Shares 60,415 Est. Cost $43.65 Unrealized —

KVUE KENVUE INC 0.6%

Value $4.185M Shares 219,000 Est. Cost $19.32 Unrealized —

NEWT NEWTEKONE INC 0.2%

Value $1.469M Shares 99,207 Est. Cost $11.24 Unrealized —

GM GENERAL MTRS CO 1.2%

Value $8.14M Shares 105,600 Est. Cost $45.01 Unrealized —

ONB OLD NATL BANCORP IND 0.2%

Value $1.447M Shares 55,856 Est. Cost $16.62 Unrealized —

MRK MERCK & CO INC 0.5%

Value $3.25M Shares 25,293 Est. Cost $82.17 Unrealized —

HD HOME DEPOT INC 0.3%

Value $2.115M Shares 5,998 Est. Cost $72.81 Unrealized —

TMHC TAYLOR MORRISON HOME CORP 0.1%

Value $731K Shares 10,192 Est. Cost $26.60 Unrealized —

HTB HOMETRUST BANCSHARES INC 0.1%

Value $885K Shares 17,742 Est. Cost $25.12 Unrealized —

EXE EXPAND ENERGY CORPORATION 0.1%

Value $604K Shares 6,621 Est. Cost $63.74 Unrealized —

PWR QUANTA SVCS INC 0.1%

Value $362K Shares 503 Est. Cost $206.71 Unrealized —

SSB SOUTHSTATE BK CORP 0.2%

Value $1.128M Shares 11,293 Est. Cost $96.71 Unrealized —

GPOR GULFPORT ENERGY CORP 0.0%

Value $255K Shares 1,500 Est. Cost $81.08 Unrealized —

D DOMINION ENERGY INC 0.1%

Value $590K Shares 8,635 Est. Cost $61.62 Unrealized —

HAL HALLIBURTON CO 0.0%

Value $336K Shares 9,900 Est. Cost $24.09 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.0%

Value $303K Shares 300 Est. Cost $571.74 Unrealized —

WMT WALMART INC 0.1%

Value $510K Shares 4,500 Est. Cost $44.54 Unrealized —

PPL PPL CORP 0.1%

Value $929K Shares 25,555 Est. Cost $26.58 Unrealized —

EVRG EVERGY INC 0.1%

Value $821K Shares 9,502 Est. Cost $56.89 Unrealized —

FE FIRSTENERGY CORP 0.1%

Value $642K Shares 13,499 Est. Cost $36.07 Unrealized —

NWE NORTHWESTERN ENERGY GROUP IN 0.1%

Value $469K Shares 6,555 Est. Cost $49.98 Unrealized —

BKH BLACK HILLS CORP 0.1%

Value $510K Shares 6,861 Est. Cost $51.21 Unrealized —

GSK GSK PLC 0.1%

Value $650K Shares 12,398 Est. Cost $38.65 Unrealized —

TEL TE CONNECTIVITY PLC 0.1%

Value $737K Shares 3,657 Est. Cost $146.90 Unrealized —

LEN/B LENNAR CORP 0.1%

Value $493K Shares 5,560 Est. Cost $30.13 Unrealized —

DTE DTE ENERGY CO 0.1%

Value $554K Shares 3,638 Est. Cost $116.56 Unrealized —

DUK DUKE ENERGY CORP NEW 0.1%

Value $604K Shares 4,770 Est. Cost $119.80 Unrealized —

ES EVERSOURCE ENERGY 0.1%

Value $453K Shares 6,273 Est. Cost $59.83 Unrealized —

ED CONSOLIDATED EDISON INC 0.1%

Value $620K Shares 5,600 Est. Cost $90.43 Unrealized —

POR PORTLAND GEN ELEC CO 0.1%

Value $719K Shares 13,870 Est. Cost $40.60 Unrealized —

AWK AMERICAN WTR WKS CO INC NEW 0.1%

Value $366K Shares 2,781 Est. Cost $133.41 Unrealized —

MLM MARTIN MARIETTA MATLS INC 0.1%

Value $399K Shares 692 Est. Cost $487.06 Unrealized —

SO SOUTHERN CO 0.1%

Value $959K Shares 10,018 Est. Cost $67.52 Unrealized —

VRSN VERISIGN INC 0.1%

Value $352K Shares 1,400 Est. Cost $178.79 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
C	CITIGROUP INC	268,755	$37.61M	5.5%	$47.64	—	COM NEW	172967424
T	AT&T INC	817,725	$16.93M	2.5%	$19.64	—	COM	00206R102
LLY	ELI LILLY & CO	22,437	$26.91M	4.0%	$61.41	—	COM	532457108
GLNG	GOLAR LNG LTD	960,400	$47.87M	7.1%	$27.16	—	SHS	G9456A100
PFE	PFIZER INC	984,335	$23.7M	3.5%	$24.64	—	COM	717081103
URI	UNITED RENTALS INC	7,140	$8.089M	1.2%	$399.78	—	COM	911363109
UNH	UNITEDHEALTH GROUP INC	17,556	$7.297M	1.1%	$328.39	—	COM	91324P102
CNO	CNO FINL GROUP INC	218,998	$11.16M	1.6%	$14.09	—	COM	12621E103
NOC	NORTHROP GRUMMAN CORP	12,293	$6.261M	0.9%	$386.76	—	COM	666807102
FHN	FIRST HORIZON CORPORATION	574,268	$14.72M	2.2%	$12.41	—	COM	320517105
NRIM	NORTHRIM BANCORP INC	192,656	$5.344M	0.8%	$19.39	—	COM	666762109
FUNC	FIRST UTD CORP	119,937	$5.29M	0.8%	$16.91	—	COM	33741H107
FFIV	F5 INC	6,920	$2.878M	0.4%	$176.67	—	COM	315616102
JPM	JPMORGAN CHASE & CO	19,333	$6.328M	0.9%	$40.80	—	COM	46625H100
FCNCA	FIRST CTZNS BANCSHARES INC D	2,943	$6.124M	0.9%	$1008.23	—	CL A	31946M103
CFFI	C & F FINL CORP	60,415	$4.833M	0.7%	$43.65	—	COM	12466Q104
KVUE	KENVUE INC	219,000	$4.185M	0.6%	$19.32	—	COM	49177J102
NEWT	NEWTEKONE INC	99,207	$1.469M	0.2%	$11.24	—	COM NEW	652526203
GM	GENERAL MTRS CO	105,600	$8.14M	1.2%	$45.01	—	COM	37045V100
ONB	OLD NATL BANCORP IND	55,856	$1.447M	0.2%	$16.62	—	COM	680033107
MRK	MERCK & CO INC	25,293	$3.25M	0.5%	$82.17	—	COM	58933Y105
HD	HOME DEPOT INC	5,998	$2.115M	0.3%	$72.81	—	COM	437076102
TMHC	TAYLOR MORRISON HOME CORP	10,192	$731K	0.1%	$26.60	—	COM	87724P106
HTB	HOMETRUST BANCSHARES INC	17,742	$885K	0.1%	$25.12	—	COM	437872104
EXE	EXPAND ENERGY CORPORATION	6,621	$604K	0.1%	$63.74	—	COM	165167735
PWR	QUANTA SVCS INC	503	$362K	0.1%	$206.71	—	COM	74762E102
SSB	SOUTHSTATE BK CORP	11,293	$1.128M	0.2%	$96.71	—	COM	84472E102
GPOR	GULFPORT ENERGY CORP	1,500	$255K	0.0%	$81.08	—	COMMON SHARES	402635502
D	DOMINION ENERGY INC	8,635	$590K	0.1%	$61.62	—	COM	25746U109
HAL	HALLIBURTON CO	9,900	$336K	0.0%	$24.09	—	COM	406216101
GS	GOLDMAN SACHS GROUP INC	300	$303K	0.0%	$571.74	—	COM	38141G104
WMT	WALMART INC	4,500	$510K	0.1%	$44.54	—	COM	931142103
PPL	PPL CORP	25,555	$929K	0.1%	$26.58	—	COM	69351T106
EVRG	EVERGY INC	9,502	$821K	0.1%	$56.89	—	COM	30034W106
FE	FIRSTENERGY CORP	13,499	$642K	0.1%	$36.07	—	COM	337932107
NWE	NORTHWESTERN ENERGY GROUP IN	6,555	$469K	0.1%	$49.98	—	COM NEW	668074305
BKH	BLACK HILLS CORP	6,861	$510K	0.1%	$51.21	—	COM	092113109
GSK	GSK PLC	12,398	$650K	0.1%	$38.65	—	SPONSORED ADR	37733W204
TEL	TE CONNECTIVITY PLC	3,657	$737K	0.1%	$146.90	—	ORD SHS	G87052109
LEN/B	LENNAR CORP	5,560	$493K	0.1%	$30.13	—	CL B	526057302
DTE	DTE ENERGY CO	3,638	$554K	0.1%	$116.56	—	COM	233331107
DUK	DUKE ENERGY CORP NEW	4,770	$604K	0.1%	$119.80	—	COM NEW	26441C204
ES	EVERSOURCE ENERGY	6,273	$453K	0.1%	$59.83	—	COM	30040W108
ED	CONSOLIDATED EDISON INC	5,600	$620K	0.1%	$90.43	—	COM	209115104
POR	PORTLAND GEN ELEC CO	13,870	$719K	0.1%	$40.60	—	COM NEW	736508847
AWK	AMERICAN WTR WKS CO INC NEW	2,781	$366K	0.1%	$133.41	—	COM	030420103
MLM	MARTIN MARIETTA MATLS INC	692	$399K	0.1%	$487.06	—	COM	573284106
SO	SOUTHERN CO	10,018	$959K	0.1%	$67.52	—	COM	842587107
VRSN	VERISIGN INC	1,400	$352K	0.1%	$178.79	—	COM	92343E102