Copeland Capital Management, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EE	EXCELERATE ENERGY INC CL A COM	1,092,965	$30,658	0.7%	$27.02	0.0%	COM	30069T101
NRG	NRG ENERGY INC COM NEW	73,227	$11,661	0.3%	$165.30	0.0%	COM	629377508
ALG	ALAMO GROUP INC	62,728	$10,530	0.2%	$173.78	0.0%	COM	011311107
REGN	REGENERON PHARMACEUTICALS	1,436	$1,108	0.0%	$678.68	0.0%	COM	75886F107
VTR	VENTAS INC	3,080	$238	0.0%	$74.98	0.0%	COM	92276F100
VEU	VANGUARD INTL EQUITY INDEX FDS	2,171	$160	0.0%	$73.56	—	ETF	922042775
IRM	IRON MTN INC DEL	1,075	$89	0.0%	$92.78	0.0%	COM	46284V101
CLDT	CHATHAM LODGING TR	10,333	$70	0.0%	$6.81	—	COM	16208T102
PBI	PITNEY BOWES INC	6,176	$65	0.0%	$10.37	0.0%	COM	724479100
NRC	NATIONAL RESH CORP COM NEW	3,463	$65	0.0%	$15.09	0.0%	COM	637372202
NGVC	NATURAL GROCERS BY VITAMIN COT	2,529	$63	0.0%	$31.88	0.0%	COM	63888U108
ARTNA	ARTESIAN RES CORP CL A	1,987	$63	0.0%	$31.75	0.0%	COM	043113208
LNN	LINDSAY CORP	522	$62	0.0%	$119.83	0.0%	COM	535555106
FLXS	FLEXSTEEL INDS INC	1,504	$59	0.0%	$38.82	0.0%	COM	339382103
STT	STATE STR CORP	90	$12	0.0%	$118.97	0.0%	COM	857477103
HOCPY	HOYA CORP SPONSORED ADR	75	$11	0.0%	$151.64	—	ADR	443251103
GD	GENERAL DYNAMICS CORP	29	$10	0.0%	$340.86	0.0%	COM	369550108
TDHOY	T&D HLDGS INC UNSPONSORD ADR	252	$3	0.0%	$11.60	—	ADR	872120100
NPXYY	NIPPON SANSO HLDGS CORP UNSPON	145	$2	0.0%	$14.79	—	ADR	65461N104
TGOPY	3I GROUP PLC UNSPONSORD ADR	141	$2	0.0%	$10.89	—	ADR	88579N105

Increased Positions (27)

AZZ AZZ INC 1.1%

Value ($000) $49,961 (+216.8%) Shares 466,140 (+222.5%) Est. Cost $105.64 Unrealized -2.1%

TPB TURNING PT BRANDS INC 0.5%

Value ($000) $22,134 (+32680.9%) Shares 204,188 (+29795.8%) Est. Cost $97.59 Unrealized +0.2%

KBR KBR INC 1.2%

Value ($000) $52,732 (+56.6%) Shares 1,311,730 (+84.3%) Est. Cost $45.70 Unrealized -6.5%

PRDO PERDOCEO ED CORP 1.1%

Value ($000) $50,355 (+41.9%) Shares 1,716,850 (+82.1%) Est. Cost $31.64 Unrealized -0.5%

PATK PATRICK INDS INC 1.2%

Value ($000) $51,938 (+29.3%) Shares 478,999 (+23.4%) Est. Cost $89.77 Unrealized +16.6%

FSV FIRSTSERVICE CORP NEW SUB VTG 1.2%

Value ($000) $53,820 (-15.7%) Shares 346,042 (+3.3%) Est. Cost $157.66 Unrealized +3.0%

TRU TRANSUNION 0.7%

Value ($000) $31,504 (+35.8%) Shares 367,393 (+32.6%) Est. Cost $72.28 Unrealized +13.6%

AAON AAON INC 1.4%

Value ($000) $60,998 (-10.3%) Shares 799,977 (+9.9%) Est. Cost $82.70 Unrealized +11.6%

MTDR MATADOR RES CO 1.4%

Value ($000) $60,541 (+12.9%) Shares 1,426,505 (+19.6%) Est. Cost $53.01 Unrealized -20.8%

PM PHILIP MORRIS INTL INC 0.3%

Value ($000) $11,254 (+112.9%) Shares 70,162 (+115.3%) Est. Cost $158.96 Unrealized -3.4%

CTRE CARETRUST REIT INC 1.5%

Value ($000) $65,191 (+9.5%) Shares 1,802,843 (+5.1%) Est. Cost $33.89 Unrealized —

HLNE HAMILTON LANE INC CL A 1.6%

Value ($000) $70,401 (+5.5%) Shares 524,166 (+5.9%) Est. Cost $84.55 Unrealized +48.7%

OLED UNIVERSAL DISPLAY CORP 1.3%

Value ($000) $58,822 (-5.1%) Shares 503,699 (+16.7%) Est. Cost $137.92 Unrealized -6.3%

FDS FACTSET RESH SYS INC 0.5%

Value ($000) $23,876 (+15.2%) Shares 82,277 (+13.7%) Est. Cost $305.34 Unrealized -8.3%

HSTM HEALTHSTREAM INC 0.5%

Value ($000) $20,476 (-13.3%) Shares 887,553 (+6.2%) Est. Cost $31.00 Unrealized -18.9%

ESQ ESQUIRE FINL HLDGS INC 0.6%

Value ($000) $27,105 (+11.6%) Shares 265,550 (+11.6%) Est. Cost $87.33 Unrealized +15.7%

MORN MORNINGSTAR INC 0.5%

Value ($000) $22,879 (+12.2%) Shares 105,282 (+19.8%) Est. Cost $177.85 Unrealized +21.8%

USLM UNITED STS LIME & MINERALS INC 0.5%

Value ($000) $22,266 (+11.8%) Shares 185,956 (+22.8%) Est. Cost $117.03 Unrealized +5.9%

UTZ UTZ BRANDS INC COM CL A 0.8%

Value ($000) $35,810 (-5.9%) Shares 3,449,862 (+10.2%) Est. Cost $14.48 Unrealized -25.5%

WSC WILLSCOT HLDGS CORP COM CL A 0.6%

Value ($000) $25,931 (-4.0%) Shares 1,377,098 (+7.6%) Est. Cost $25.92 Unrealized -22.2%

WAB WABTEC 0.0%

Value ($000) $1,037 (+328.2%) Shares 4,858 (+302.2%) Est. Cost $203.26 Unrealized +1.0%

WSM WILLIAMS SONOMA INC 0.0%

Value ($000) $913 (+323.0%) Shares 5,111 (+363.0%) Est. Cost $180.43 Unrealized +3.8%

CTVA CORTEVA INC 0.0%

Value ($000) $885 (+315.9%) Shares 13,207 (+319.7%) Est. Cost $61.18 Unrealized +5.5%

ATR APTARGROUP INC 0.4%

Value ($000) $16,557 (-1.5%) Shares 135,753 (+8.0%) Est. Cost $141.89 Unrealized -13.4%

OWL BLUE OWL CAPITAL INC COM CL A 0.0%

Value ($000) $233 (+18.1%) Shares 15,598 (+33.9%) Est. Cost $20.16 Unrealized -22.5%

KRYAY KERRY GROUP PLC SPONSORED ADR 0.0%

Value ($000) $10 (+33.9%) Shares 110 (+32.5%) Est. Cost $90.41 Unrealized —

TTNDY TECHTRONIC INDS LTD SPONSORED 0.0%

Value ($000) $44 (+4.8%) Shares 759 (+16.2%) Est. Cost $62.22 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AZZ	AZZ INC	466,140 (+222.5%)	$49,961 (+216.8%)	1.1%	$105.64	-2.1%	COM	002474104
TPB	TURNING PT BRANDS INC	204,188 (+29795.8%)	$22,134 (+32680.9%)	0.5%	$97.59	+0.2%	COM	90041L105
KBR	KBR INC	1,311,730 (+84.3%)	$52,732 (+56.6%)	1.2%	$45.70	-6.5%	COM	48242W106
PRDO	PERDOCEO ED CORP	1,716,850 (+82.1%)	$50,355 (+41.9%)	1.1%	$31.64	-0.5%	COM	71363P106
PATK	PATRICK INDS INC	478,999 (+23.4%)	$51,938 (+29.3%)	1.2%	$89.77	+16.6%	COM	703343103
FSV	FIRSTSERVICE CORP NEW SUB VTG	346,042 (+3.3%)	$53,820 (-15.7%)	1.2%	$157.66	+3.0%	COM	33767E202
TRU	TRANSUNION	367,393 (+32.6%)	$31,504 (+35.8%)	0.7%	$72.28	+13.6%	COM	89400J107
AAON	AAON INC	799,977 (+9.9%)	$60,998 (-10.3%)	1.4%	$82.70	+11.6%	COM	000360206
MTDR	MATADOR RES CO	1,426,505 (+19.6%)	$60,541 (+12.9%)	1.4%	$53.01	-20.8%	COM	576485205
PM	PHILIP MORRIS INTL INC	70,162 (+115.3%)	$11,254 (+112.9%)	0.3%	$158.96	-3.4%	COM	718172109
CTRE	CARETRUST REIT INC	1,802,843 (+5.1%)	$65,191 (+9.5%)	1.5%	$33.89	—	COM	14174T107
HLNE	HAMILTON LANE INC CL A	524,166 (+5.9%)	$70,401 (+5.5%)	1.6%	$84.55	+48.7%	COM	407497106
OLED	UNIVERSAL DISPLAY CORP	503,699 (+16.7%)	$58,822 (-5.1%)	1.3%	$137.92	-6.3%	COM	91347P105
FDS	FACTSET RESH SYS INC	82,277 (+13.7%)	$23,876 (+15.2%)	0.5%	$305.34	-8.3%	COM	303075105
HSTM	HEALTHSTREAM INC	887,553 (+6.2%)	$20,476 (-13.3%)	0.5%	$31.00	-18.9%	COM	42222N103
ESQ	ESQUIRE FINL HLDGS INC	265,550 (+11.6%)	$27,105 (+11.6%)	0.6%	$87.33	+15.7%	COM	29667J101
MORN	MORNINGSTAR INC	105,282 (+19.8%)	$22,879 (+12.2%)	0.5%	$177.85	+21.8%	COM	617700109
USLM	UNITED STS LIME & MINERALS INC	185,956 (+22.8%)	$22,266 (+11.8%)	0.5%	$117.03	+5.9%	COM	911922102
UTZ	UTZ BRANDS INC COM CL A	3,449,862 (+10.2%)	$35,810 (-5.9%)	0.8%	$14.48	-25.5%	COM	918090101
WSC	WILLSCOT HLDGS CORP COM CL A	1,377,098 (+7.6%)	$25,931 (-4.0%)	0.6%	$25.92	-22.2%	COM	971378104
WAB	WABTEC	4,858 (+302.2%)	$1,037 (+328.2%)	0.0%	$203.26	+1.0%	COM	929740108
WSM	WILLIAMS SONOMA INC	5,111 (+363.0%)	$913 (+323.0%)	0.0%	$180.43	+3.8%	COM	969904101
CTVA	CORTEVA INC	13,207 (+319.7%)	$885 (+315.9%)	0.0%	$61.18	+5.5%	COM	22052L104
ATR	APTARGROUP INC	135,753 (+8.0%)	$16,557 (-1.5%)	0.4%	$141.89	-13.4%	COM	038336103
OWL	BLUE OWL CAPITAL INC COM CL A	15,598 (+33.9%)	$233 (+18.1%)	0.0%	$20.16	-22.5%	COM	09581B103
KRYAY	KERRY GROUP PLC SPONSORED ADR	110 (+32.5%)	$10 (+33.9%)	0.0%	$90.41	—	ADR	492460100
TTNDY	TECHTRONIC INDS LTD SPONSORED	759 (+16.2%)	$44 (+4.8%)	0.0%	$62.22	—	ADR	87873R101

Exited Positions (14)

CBT CABOT CORP 0.9%

Value ($000) $39,872 Shares 524,278 Est. Cost $79.96 Unrealized -17.1%

AESI ATLAS ENERGY SOLUTIONS INC COM 0.4%

Value ($000) $19,222 Shares 1,690,616 Est. Cost $19.46 Unrealized -48.1%

EXPI EXP WORLD HLDGS INC 0.0%

Value ($000) $67 Shares 6,260 Est. Cost $17.19 Unrealized -38.7%

VAC MARRIOTT VACATIONS WORLDWIDE C 0.0%

Value ($000) $53 Shares 792 Est. Cost $63.09 Unrealized -6.3%

TIPT TIPTREE INC 0.0%

Value ($000) $51 Shares 2,678 Est. Cost $19.13 Unrealized -4.7%

JBSS SANFILIPPO JOHN B & SON INC 0.0%

Value ($000) $33 Shares 508 Est. Cost $91.28 Unrealized -25.5%

CB CHUBB LIMITED 0.0%

Value ($000) $15 Shares 54 Est. Cost $270.79 Unrealized +8.0%

ICE INTERCONTINENTAL EXCHANGE INC 0.0%

Value ($000) $9 Shares 54 Est. Cost $156.24 Unrealized -0.0%

NJDCY NIDEC CORP SPONSORED ADR 0.0%

Value ($000) $9 Shares 1,992 Est. Cost $7.48 Unrealized —

SMNNY SHIMANO INC UNSPONSORD ADR 0.0%

Value ($000) $6 Shares 576 Est. Cost $18.78 Unrealized —

DBSDY DBS GROUP HOLDINGS LTD SPONSOR 0.0%

Value ($000) $4 Shares 25 Est. Cost $117.97 Unrealized —

— UNILEVER PLC SPON ADR NEW 0.0%

Value ($000) $3 Shares 50 Est. Cost $64.96 Unrealized —

CCOI COGENT COMMUNICATIONS HLDGS IN 0.0%

Value ($000) $2 Shares 50 Est. Cost $42.49 Unrealized -30.6%

SWVXX SCHWAB CHARLES FAMILY FD PRIME 0.0%

Value ($000) $1 Shares 898 Est. Cost $1.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CBT	CABOT CORP	524,278	$39,872	0.9%	$79.96	-17.1%	—	127055101
AESI	ATLAS ENERGY SOLUTIONS INC COM	1,690,616	$19,222	0.4%	$19.46	-48.1%	—	642045108
EXPI	EXP WORLD HLDGS INC	6,260	$67	0.0%	$17.19	-38.7%	—	30212W100
VAC	MARRIOTT VACATIONS WORLDWIDE C	792	$53	0.0%	$63.09	-6.3%	—	57164Y107
TIPT	TIPTREE INC	2,678	$51	0.0%	$19.13	-4.7%	—	88822Q103
JBSS	SANFILIPPO JOHN B & SON INC	508	$33	0.0%	$91.28	-25.5%	—	800422107
CB	CHUBB LIMITED	54	$15	0.0%	$270.79	+8.0%	—	H1467J104
ICE	INTERCONTINENTAL EXCHANGE INC	54	$9	0.0%	$156.24	-0.0%	—	45866F104
NJDCY	NIDEC CORP SPONSORED ADR	1,992	$9	0.0%	$7.48	—	—	654090109
SMNNY	SHIMANO INC UNSPONSORD ADR	576	$6	0.0%	$18.78	—	—	82455C101
DBSDY	DBS GROUP HOLDINGS LTD SPONSOR	25	$4	0.0%	$117.97	—	—	23304Y100
—	UNILEVER PLC SPON ADR NEW	50	$3	0.0%	$64.96	—	—	904767704
CCOI	COGENT COMMUNICATIONS HLDGS IN	50	$2	0.0%	$42.49	-30.6%	—	19239V302
SWVXX	SCHWAB CHARLES FAMILY FD PRIME	898	$1	0.0%	$1.00	—	—	808515605

Decreased Positions (136)

ST SENSATA TECHNOLOGIES HLDG PLC 0.0%

Value ($000) $238 (-99.5%) Shares 7,148 (-99.6%) Est. Cost $36.32 Unrealized -11.9%

NOG NORTHERN OIL & GAS INC 0.0%

Value ($000) $54 (-99.9%) Shares 2,503 (-99.9%) Est. Cost $20.99 Unrealized +6.9%

PRGO PERRIGO CO PLC 0.0%

Value ($000) $0 (-100.0%) Shares 25 (-100.0%) Est. Cost $34.07 Unrealized -51.1%

AL AIR LEASE CORP CL A 0.9%

Value ($000) $38,852 (-46.6%) Shares 604,892 (-47.0%) Est. Cost $40.05 Unrealized +59.0%

EHC ENCOMPASS HEALTH CORP 1.8%

Value ($000) $81,166 (-20.8%) Shares 764,703 (-5.2%) Est. Cost $48.21 Unrealized +140.0%

CGNX COGNEX CORP 1.1%

Value ($000) $50,660 (-25.7%) Shares 1,407,994 (-6.4%) Est. Cost $41.65 Unrealized -2.9%

SXI STANDEX INTL CORP 1.2%

Value ($000) $53,417 (-18.8%) Shares 245,843 (-20.8%) Est. Cost $84.80 Unrealized +173.4%

BWXT BWX TECHNOLOGIES INC 0.2%

Value ($000) $9,079 (-56.5%) Shares 52,531 (-53.6%) Est. Cost $48.85 Unrealized +283.7%

ZTS ZOETIS INC CL A 0.0%

Value ($000) $198 (-98.3%) Shares 1,570 (-98.0%) Est. Cost $147.77 Unrealized -11.8%

CNXC CONCENTRIX CORP 1.0%

Value ($000) $45,277 (-19.0%) Shares 1,088,922 (-10.0%) Est. Cost $67.70 Unrealized -40.8%

BSY BENTLEY SYS INC COM CL B 0.4%

Value ($000) $19,167 (-35.5%) Shares 502,202 (-13.0%) Est. Cost $50.43 Unrealized -9.7%

USPH U S PHYSICAL THERAPY 1.4%

Value ($000) $61,388 (-14.4%) Shares 786,114 (-6.9%) Est. Cost $100.69 Unrealized -19.4%

LMAT LEMAITRE VASCULAR INC 1.6%

Value ($000) $72,096 (-12.4%) Shares 888,977 (-5.5%) Est. Cost $36.27 Unrealized +137.1%

POWI POWER INTEGRATIONS INC 0.9%

Value ($000) $41,721 (-18.7%) Shares 1,173,907 (-8.1%) Est. Cost $65.15 Unrealized -42.1%

IRMD IRADIMED CORP 0.9%

Value ($000) $40,133 (+30.1%) Shares 412,550 (-4.8%) Est. Cost $44.40 Unrealized +92.2%

POOL POOL CORP 0.4%

Value ($000) $16,019 (-36.6%) Shares 70,026 (-14.1%) Est. Cost $272.89 Unrealized -4.9%

KNSL KINSALE CAP GROUP INC 1.2%

Value ($000) $52,213 (-14.7%) Shares 133,495 (-7.2%) Est. Cost $315.26 Unrealized +29.3%

TNL TRAVEL PLUS LEISURE CO 1.8%

Value ($000) $78,733 (+12.6%) Shares 1,116,306 (-5.0%) Est. Cost $40.81 Unrealized +59.5%

CPK CHESAPEAKE UTILS CORP 1.3%

Value ($000) $59,709 (-12.2%) Shares 478,586 (-5.2%) Est. Cost $99.13 Unrealized +32.5%

SCVL SHOE CARNIVAL INC 0.6%

Value ($000) $25,670 (-24.0%) Shares 1,520,739 (-6.4%) Est. Cost $23.39 Unrealized -21.5%

BAH BOOZ ALLEN HAMILTON HLDG CORP 0.6%

Value ($000) $26,384 (-23.4%) Shares 312,754 (-9.3%) Est. Cost $97.93 Unrealized -9.6%

WCC WESCO INTL INC 2.0%

Value ($000) $89,026 (+9.8%) Shares 363,904 (-5.1%) Est. Cost $167.72 Unrealized +46.0%

WINA WINMARK CORP 0.6%

Value ($000) $26,781 (-22.7%) Shares 66,135 (-5.0%) Est. Cost $365.99 Unrealized +16.9%

CASY CASEYS GEN STORES INC 0.9%

Value ($000) $41,154 (-15.6%) Shares 74,457 (-13.6%) Est. Cost $160.61 Unrealized +242.2%

KWR QUAKER HOUGHTON 0.9%

Value ($000) $42,323 (-15.1%) Shares 308,231 (-18.6%) Est. Cost $168.23 Unrealized -19.7%

WING WINGSTOP INC 1.4%

Value ($000) $64,877 (-10.4%) Shares 272,030 (-5.4%) Est. Cost $185.82 Unrealized +33.3%

HXL HEXCEL CORP NEW 1.6%

Value ($000) $69,622 (+11.8%) Shares 942,114 (-5.1%) Est. Cost $70.07 Unrealized +0.9%

MTRN MATERION CORP 0.8%

Value ($000) $37,910 (-15.8%) Shares 304,939 (-18.2%) Est. Cost $69.65 Unrealized +77.0%

LKFN LAKELAND FINL CORP 0.8%

Value ($000) $35,131 (-16.0%) Shares 615,680 (-5.5%) Est. Cost $44.57 Unrealized +31.9%

CHE CHEMED CORP NEW 1.3%

Value ($000) $58,853 (-10.2%) Shares 137,551 (-6.0%) Est. Cost $360.54 Unrealized +20.7%

BC BRUNSWICK CORP 1.5%

Value ($000) $67,310 (+11.0%) Shares 906,647 (-5.4%) Est. Cost $58.24 Unrealized +15.9%

AVGO BROADCOM INC 0.7%

Value ($000) $29,790 (-17.9%) Shares 86,072 (-21.7%) Est. Cost $146.25 Unrealized +144.1%

CNS COHEN & STEERS INC 1.1%

Value ($000) $50,521 (-11.1%) Shares 804,732 (-7.1%) Est. Cost $45.23 Unrealized +43.2%

LFUS LITTELFUSE INC 1.7%

Value ($000) $75,905 (-7.6%) Shares 300,113 (-5.4%) Est. Cost $189.37 Unrealized +34.5%

NVT NVENT ELECTRIC PLC 0.6%

Value ($000) $28,763 (-17.7%) Shares 282,078 (-20.4%) Est. Cost $69.65 Unrealized +48.8%

LSTR LANDSTAR SYS INC 1.2%

Value ($000) $54,784 (+11.6%) Shares 381,235 (-4.8%) Est. Cost $118.08 Unrealized —

HOMB HOME BANCSHARES INC 1.6%

Value ($000) $72,840 (-6.9%) Shares 2,622,015 (-5.2%) Est. Cost $20.65 Unrealized +34.3%

LLY ELI LILLY & CO 0.5%

Value ($000) $21,364 (+34.0%) Shares 19,879 (-4.9%) Est. Cost $487.16 Unrealized +96.1%

UMH UMH PPTYS INC 0.4%

Value ($000) $18,294 (-22.6%) Shares 1,149,834 (-27.8%) Est. Cost $14.18 Unrealized —

ENSG ENSIGN GROUP INC 2.5%

Value ($000) $111,732 (-4.5%) Shares 641,400 (-5.3%) Est. Cost $39.14 Unrealized +358.8%

NSSC NAPCO SEC TECHNOLOGIES INC 1.3%

Value ($000) $59,247 (-7.9%) Shares 1,420,792 (-5.1%) Est. Cost $40.15 Unrealized +4.5%

DKS DICKS SPORTING GOODS INC 0.6%

Value ($000) $26,635 (-15.6%) Shares 134,541 (-5.3%) Est. Cost $126.93 Unrealized +71.1%

UNF UNIFIRST CORP MASS 1.3%

Value ($000) $56,979 (+9.2%) Shares 295,381 (-5.3%) Est. Cost $178.71 Unrealized -5.7%

JKHY HENRY JACK & ASSOC INC 0.7%

Value ($000) $30,406 (+18.3%) Shares 166,627 (-3.4%) Est. Cost $141.80 Unrealized +17.2%

DGX QUEST DIAGNOSTICS INC 0.6%

Value ($000) $27,702 (-13.7%) Shares 159,637 (-5.2%) Est. Cost $96.11 Unrealized +89.4%

GFL GFL ENVIRONMENTAL INC SUB VTG 0.6%

Value ($000) $25,877 (-14.2%) Shares 602,493 (-5.4%) Est. Cost $34.78 Unrealized +28.4%

MSA MSA SAFETY INC 0.6%

Value ($000) $28,511 (-12.7%) Shares 178,035 (-6.2%) Est. Cost $169.48 Unrealized -3.9%

NYT NEW YORK TIMES CO CL A 0.7%

Value ($000) $31,365 (+15.1%) Shares 451,811 (-4.8%) Est. Cost $50.03 Unrealized +23.6%

GOOGL ALPHABET INC CAP STK CL A 0.5%

Value ($000) $21,369 (+23.2%) Shares 68,272 (-4.3%) Est. Cost $184.23 Unrealized +55.0%

KLIC KULICKE & SOFFA INDS INC 1.5%

Value ($000) $67,309 (+6.2%) Shares 1,477,365 (-5.3%) Est. Cost $47.62 Unrealized -11.6%

UFPI UFP INDUSTRIES INC 0.9%

Value ($000) $39,591 (-8.9%) Shares 434,821 (-6.4%) Est. Cost $81.66 Unrealized +12.1%

CRAI CRA INTL INC 0.8%

Value ($000) $34,816 (-8.8%) Shares 173,473 (-5.2%) Est. Cost $86.33 Unrealized +117.8%

PRI PRIMERICA INC 0.5%

Value ($000) $23,553 (-12.3%) Shares 91,164 (-5.8%) Est. Cost $265.05 Unrealized -1.6%

PSMT PRICESMART INC 1.8%

Value ($000) $80,154 (-4.0%) Shares 653,408 (-5.1%) Est. Cost $82.91 Unrealized +46.5%

CHDN CHURCHILL DOWNS INC 0.6%

Value ($000) $27,486 (+13.6%) Shares 241,573 (-3.2%) Est. Cost $116.18 Unrealized -11.0%

NXRT NEXPOINT RESIDENTIAL TR INC 0.5%

Value ($000) $22,033 (-12.9%) Shares 732,005 (-6.8%) Est. Cost $23.36 Unrealized —

WH WYNDHAM HOTELS & RESORTS INC 0.6%

Value ($000) $25,520 (-10.8%) Shares 337,749 (-5.7%) Est. Cost $74.71 Unrealized +0.9%

TTEK TETRA TECH INC NEW 1.2%

Value ($000) $55,780 (-5.2%) Shares 1,663,090 (-5.7%) Est. Cost $38.52 Unrealized -12.2%

HD HOME DEPOT INC 0.2%

Value ($000) $9,910 (-23.5%) Shares 28,798 (-9.9%) Est. Cost $226.55 Unrealized +60.9%

MSI MOTOROLA SOLUTIONS INC 0.3%

Value ($000) $12,975 (-18.4%) Shares 33,848 (-2.6%) Est. Cost $207.49 Unrealized +93.2%

MSFT MICROSOFT CORP 0.5%

Value ($000) $24,326 (-10.4%) Shares 50,299 (-4.1%) Est. Cost $282.59 Unrealized +77.1%

BIPC BROOKFIELD INFRASTRUCTURE CORP 1.4%

Value ($000) $62,293 (+4.7%) Shares 1,372,082 (-5.2%) Est. Cost $40.13 Unrealized +12.2%

DPZ DOMINOS PIZZA INC 0.6%

Value ($000) $26,001 (-9.4%) Shares 62,378 (-6.2%) Est. Cost $289.97 Unrealized +43.3%

CSL CARLISLE COS INC 0.5%

Value ($000) $23,762 (-9.4%) Shares 74,288 (-6.8%) Est. Cost $216.64 Unrealized +48.9%

META META PLATFORMS INC CL A 0.3%

Value ($000) $12,531 (-15.6%) Shares 18,984 (-6.1%) Est. Cost $641.93 Unrealized +4.0%

BRO BROWN & BROWN INC 0.2%

Value ($000) $8,095 (-20.2%) Shares 101,563 (-6.0%) Est. Cost $103.91 Unrealized -19.8%

NXST NEXSTAR MEDIA GROUP INC COMMON 1.7%

Value ($000) $76,473 (-2.5%) Shares 376,621 (-5.1%) Est. Cost $112.25 Unrealized +71.8%

CTAS CINTAS CORP 0.3%

Value ($000) $12,948 (-13.1%) Shares 68,847 (-5.1%) Est. Cost $208.08 Unrealized -9.6%

ADP AUTOMATIC DATA PROCESSING INC 0.2%

Value ($000) $10,972 (-14.9%) Shares 42,655 (-2.9%) Est. Cost $179.60 Unrealized +47.5%

LNG CHENIERE ENERGY INC COM NEW 0.2%

Value ($000) $7,236 (-20.9%) Shares 37,223 (-4.4%) Est. Cost $170.59 Unrealized +23.1%

MAR MARRIOTT INTL INC NEW CL A 0.3%

Value ($000) $15,384 (+13.9%) Shares 49,586 (-4.4%) Est. Cost $236.12 Unrealized +20.8%

ROST ROSS STORES INC 0.3%

Value ($000) $15,514 (+13.4%) Shares 86,120 (-4.1%) Est. Cost $120.38 Unrealized +38.4%

RS RELIANCE INC 0.8%

Value ($000) $37,777 (-4.5%) Shares 130,776 (-7.1%) Est. Cost $174.61 Unrealized +60.9%

MS MORGAN STANLEY COM NEW 0.6%

Value ($000) $27,164 (+7.0%) Shares 153,010 (-4.2%) Est. Cost $78.24 Unrealized +112.8%

RGLD ROYAL GOLD INC 0.7%

Value ($000) $30,989 (+5.0%) Shares 139,408 (-5.2%) Est. Cost $148.89 Unrealized +33.2%

VMI VALMONT INDS INC 1.9%

Value ($000) $84,662 (-1.7%) Shares 210,433 (-5.3%) Est. Cost $246.44 Unrealized +65.1%

SHW SHERWIN WILLIAMS CO 0.3%

Value ($000) $12,132 (-10.4%) Shares 37,442 (-4.3%) Est. Cost $244.08 Unrealized +36.9%

MPWR MONOLITHIC PWR SYS INC 0.4%

Value ($000) $17,362 (-7.1%) Shares 19,154 (-5.7%) Est. Cost $512.44 Unrealized +87.5%

COST COSTCO WHSL CORP NEW 0.2%

Value ($000) $9,987 (-10.4%) Shares 11,581 (-3.8%) Est. Cost $360.60 Unrealized +151.2%

STE STERIS PLC SHS USD 1.0%

Value ($000) $44,537 (-2.5%) Shares 175,671 (-4.8%) Est. Cost $168.25 Unrealized +49.3%

INTU INTUIT 0.3%

Value ($000) $14,591 (-7.0%) Shares 22,025 (-4.2%) Est. Cost $368.10 Unrealized +79.5%

TRNO TERRENO RLTY CORP 1.3%

Value ($000) $57,970 (-1.7%) Shares 987,395 (-5.0%) Est. Cost $43.50 Unrealized —

CRM SALESFORCE INC 0.3%

Value ($000) $13,389 (+7.9%) Shares 50,540 (-3.4%) Est. Cost $259.91 Unrealized -4.5%

TSM TAIWAN SEMICONDUCTOR MFG LTD S 0.5%

Value ($000) $21,488 (+4.3%) Shares 70,709 (-4.2%) Est. Cost $196.36 Unrealized —

WCN WASTE CONNECTIONS INC 0.4%

Value ($000) $17,320 (-4.4%) Shares 98,766 (-4.2%) Est. Cost $112.15 Unrealized +54.1%

AMP AMERIPRISE FINL INC 0.4%

Value ($000) $16,268 (-4.3%) Shares 33,175 (-4.1%) Est. Cost $230.34 Unrealized +105.7%

EQIX EQUINIX INC 0.2%

Value ($000) $10,585 (-6.4%) Shares 13,815 (-4.4%) Est. Cost $623.26 Unrealized +25.3%

BKNG BOOKING HOLDINGS INC 0.2%

Value ($000) $10,422 (-6.4%) Shares 1,946 (-5.7%) Est. Cost $5563.60 Unrealized -7.7%

RHP RYMAN HOSPITALITY PPTYS INC 0.6%

Value ($000) $24,820 (-2.6%) Shares 262,307 (-7.8%) Est. Cost $107.90 Unrealized —

VRT VERTIV HOLDINGS CO COM CL A 0.0%

Value ($000) $903 (-41.0%) Shares 5,574 (-45.0%) Est. Cost $101.01 Unrealized +71.8%

COR CENCORA INC 0.4%

Value ($000) $17,053 (+3.5%) Shares 50,488 (-4.3%) Est. Cost $249.38 Unrealized +36.6%

KFRC KFORCE INC 0.3%

Value ($000) $13,599 (-3.7%) Shares 439,811 (-6.7%) Est. Cost $60.69 Unrealized -51.5%

APH AMPHENOL CORP NEW CL A 0.4%

Value ($000) $18,733 (+2.7%) Shares 138,617 (-6.0%) Est. Cost $65.12 Unrealized +105.1%

ACN ACCENTURE PLC IRELAND SHS CLAS 0.0%

Value ($000) $113 (-80.9%) Shares 422 (-82.4%) Est. Cost $261.80 Unrealized -3.0%

JPM JPMORGAN CHASE & CO. 0.4%

Value ($000) $19,751 (-2.2%) Shares 61,297 (-4.3%) Est. Cost $188.43 Unrealized +64.3%

MSCI MSCI INC 0.3%

Value ($000) $13,621 (-3.2%) Shares 23,741 (-4.2%) Est. Cost $479.23 Unrealized +16.9%

NDSN NORDSON CORP 0.6%

Value ($000) $27,966 (-1.5%) Shares 116,316 (-7.0%) Est. Cost $173.49 Unrealized +35.0%

AGM FEDERAL AGRIC MTG CORP CL C 0.9%

Value ($000) $42,296 (-1.0%) Shares 240,905 (-5.2%) Est. Cost $69.97 Unrealized +138.8%

JBHT HUNT J B TRANS SVCS INC 0.0%

Value ($000) $1,291 (+38.7%) Shares 6,642 (-4.2%) Est. Cost $172.02 Unrealized -0.3%

V VISA INC COM CL A 0.5%

Value ($000) $22,306 (-1.6%) Shares 63,602 (-4.2%) Est. Cost $191.93 Unrealized +77.3%

AAPL APPLE INC 0.5%

Value ($000) $23,402 (+1.2%) Shares 86,082 (-5.2%) Est. Cost $133.11 Unrealized +101.6%

ODFL OLD DOMINION FREIGHT LINE INC 0.1%

Value ($000) $6,509 (+4.5%) Shares 41,513 (-6.2%) Est. Cost $200.78 Unrealized -28.7%

FIX COMFORT SYS USA INC 0.0%

Value ($000) $979 (-19.8%) Shares 1,049 (-29.1%) Est. Cost $421.59 Unrealized +118.9%

RMD RESMED INC 0.0%

Value ($000) $1,029 (-15.9%) Shares 4,273 (-4.4%) Est. Cost $132.99 Unrealized +92.1%

PB PROSPERITY BANCSHARES INC 0.6%

Value ($000) $25,820 (-0.7%) Shares 373,612 (-4.7%) Est. Cost $56.61 Unrealized +18.4%

BR BROADRIDGE FINL SOLUTIONS INC 0.0%

Value ($000) $1,413 (-12.0%) Shares 6,331 (-6.1%) Est. Cost $116.49 Unrealized +95.1%

YOU CLEAR SECURE INC COM CL A 1.8%

Value ($000) $78,475 (-0.2%) Shares 2,237,026 (-5.1%) Est. Cost $26.81 Unrealized +26.7%

VMC VULCAN MATLS CO 0.0%

Value ($000) $1,006 (-11.1%) Shares 3,526 (-4.1%) Est. Cost $247.21 Unrealized +18.6%

BAM BROOKFIELD ASSET MANAGMT LTD C 0.0%

Value ($000) $922 (-11.7%) Shares 17,601 (-4.0%) Est. Cost $37.33 Unrealized +43.2%

DTM DT MIDSTREAM INC COMMON STOCK 0.7%

Value ($000) $29,352 (+0.4%) Shares 245,257 (-5.2%) Est. Cost $103.16 Unrealized +10.8%

AWK AMERICAN WTR WKS CO INC NEW 0.0%

Value ($000) $941 (-10.0%) Shares 7,208 (-4.0%) Est. Cost $116.38 Unrealized +14.4%

NDAQ NASDAQ INC 0.0%

Value ($000) $1,315 (+6.9%) Shares 13,536 (-2.7%) Est. Cost $55.84 Unrealized +60.7%

EBAY EBAY INC. 0.0%

Value ($000) $1,028 (-7.5%) Shares 11,797 (-3.4%) Est. Cost $63.04 Unrealized +37.0%

ALL ALLSTATE CORP 0.0%

Value ($000) $874 (-8.2%) Shares 4,195 (-5.3%) Est. Cost $89.21 Unrealized +128.8%

OSPN ONESPAN INC 0.0%

Value ($000) $95 (-41.3%) Shares 7,415 (-27.3%) Est. Cost $15.97 Unrealized -15.5%

CSGS CSG SYS INTL INC 0.0%

Value ($000) $29 (-67.2%) Shares 374 (-72.4%) Est. Cost $47.06 Unrealized +56.2%

CWCO CONSOLIDATED WATER CO INC 0.0%

Value ($000) $69 (-38.6%) Shares 1,966 (-38.6%) Est. Cost $25.71 Unrealized +35.1%

ELS EQUITY LIFESTYLE PPTYS INC 0.0%

Value ($000) $908 (-4.5%) Shares 14,974 (-4.3%) Est. Cost $32.29 Unrealized —

LRCX LAM RESEARCH CORP COM NEW 0.0%

Value ($000) $931 (-3.6%) Shares 5,441 (-24.6%) Est. Cost $105.52 Unrealized +47.2%

OZK BANK OZK LITTLE ROCK ARK 0.0%

Value ($000) $45 (-35.4%) Shares 977 (-28.4%) Est. Cost $29.71 Unrealized +55.7%

GRC GORMAN RUPP CO 0.0%

Value ($000) $62 (-27.8%) Shares 1,291 (-29.8%) Est. Cost $38.02 Unrealized +22.5%

ALSN ALLISON TRANSMISSION HLDGS INC 0.0%

Value ($000) $92 (-18.0%) Shares 936 (-28.9%) Est. Cost $34.87 Unrealized +150.9%

CVLG COVENANT LOGISTICS GROUP INC C 0.0%

Value ($000) $99 (-16.9%) Shares 4,487 (-18.3%) Est. Cost $24.03 Unrealized -13.0%

ISTR INVESTAR HLDG CORP 0.0%

Value ($000) $62 (-23.0%) Shares 2,315 (-33.1%) Est. Cost $17.92 Unrealized +37.2%

IPAR INTER PARFUMS INC 0.0%

Value ($000) $6 (-73.9%) Shares 72 (-69.9%) Est. Cost $85.30 Unrealized +3.2%

NVO NOVO-NORDISK A S ADR 0.0%

Value ($000) $18 (-48.9%) Shares 357 (-44.3%) Est. Cost $77.05 Unrealized —

HII HUNTINGTON INGALLS INDS INC 0.0%

Value ($000) $125 (-8.5%) Shares 367 (-22.6%) Est. Cost $220.94 Unrealized +40.1%

FANG DIAMONDBACK ENERGY INC 0.0%

Value ($000) $1,050 (+1.0%) Shares 6,982 (-3.8%) Est. Cost $95.31 Unrealized +54.3%

WGO WINNEBAGO INDS INC 0.0%

Value ($000) $65 (-9.9%) Shares 1,596 (-25.7%) Est. Cost $41.05 Unrealized -11.2%

NEE NEXTERA ENERGY INC 0.0%

Value ($000) $808 (+0.9%) Shares 10,067 (-5.2%) Est. Cost $63.48 Unrealized +30.0%

CHRD CHORD ENERGY CORPORATION COM N 0.0%

Value ($000) $5 (-25.5%) Shares 58 (-19.4%) Est. Cost $65.33 Unrealized +40.8%

CUBE CUBESMART 0.0%

Value ($000) $0 (-93.1%) Shares 2 (-94.4%) Est. Cost $44.75 Unrealized —

ESI ELEMENT SOLUTIONS INC 0.0%

Value ($000) $8 (-8.9%) Shares 320 (-8.0%) Est. Cost $25.73 Unrealized +0.7%

ATNI ATN INTL INC 0.0%

Value ($000) $64 (+0.6%) Shares 2,827 (-33.9%) Est. Cost $16.04 Unrealized +14.1%

KIGRY KION GROUP AG ADR 0.0%

Value ($000) $3 (-10.1%) Shares 169 (-23.5%) Est. Cost $9.77 Unrealized —

ABM ABM INDS INC 0.0%

Value ($000) $1 (-8.5%) Shares 31 (-3.1%) Est. Cost $51.17 Unrealized -14.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ST	SENSATA TECHNOLOGIES HLDG PLC	7,148 (-99.6%)	$238 (-99.5%)	0.0%	$36.32	-11.9%	COM	G8060N102
NOG	NORTHERN OIL & GAS INC	2,503 (-99.9%)	$54 (-99.9%)	0.0%	$20.99	+6.9%	COM	665531307
PRGO	PERRIGO CO PLC	25 (-100.0%)	$0 (-100.0%)	0.0%	$34.07	-51.1%	COM	G97822103
AL	AIR LEASE CORP CL A	604,892 (-47.0%)	$38,852 (-46.6%)	0.9%	$40.05	+59.0%	COM	00912X302
EHC	ENCOMPASS HEALTH CORP	764,703 (-5.2%)	$81,166 (-20.8%)	1.8%	$48.21	+140.0%	COM	29261A100
CGNX	COGNEX CORP	1,407,994 (-6.4%)	$50,660 (-25.7%)	1.1%	$41.65	-2.9%	COM	192422103
SXI	STANDEX INTL CORP	245,843 (-20.8%)	$53,417 (-18.8%)	1.2%	$84.80	+173.4%	COM	854231107
BWXT	BWX TECHNOLOGIES INC	52,531 (-53.6%)	$9,079 (-56.5%)	0.2%	$48.85	+283.7%	COM	05605H100
ZTS	ZOETIS INC CL A	1,570 (-98.0%)	$198 (-98.3%)	0.0%	$147.77	-11.8%	COM	98978V103
CNXC	CONCENTRIX CORP	1,088,922 (-10.0%)	$45,277 (-19.0%)	1.0%	$67.70	-40.8%	COM	20602D101
BSY	BENTLEY SYS INC COM CL B	502,202 (-13.0%)	$19,167 (-35.5%)	0.4%	$50.43	-9.7%	COM	08265T208
USPH	U S PHYSICAL THERAPY	786,114 (-6.9%)	$61,388 (-14.4%)	1.4%	$100.69	-19.4%	COM	90337L108
LMAT	LEMAITRE VASCULAR INC	888,977 (-5.5%)	$72,096 (-12.4%)	1.6%	$36.27	+137.1%	COM	525558201
POWI	POWER INTEGRATIONS INC	1,173,907 (-8.1%)	$41,721 (-18.7%)	0.9%	$65.15	-42.1%	COM	739276103
IRMD	IRADIMED CORP	412,550 (-4.8%)	$40,133 (+30.1%)	0.9%	$44.40	+92.2%	COM	46266A109
POOL	POOL CORP	70,026 (-14.1%)	$16,019 (-36.6%)	0.4%	$272.89	-4.9%	COM	73278L105
KNSL	KINSALE CAP GROUP INC	133,495 (-7.2%)	$52,213 (-14.7%)	1.2%	$315.26	+29.3%	COM	49714P108
TNL	TRAVEL PLUS LEISURE CO	1,116,306 (-5.0%)	$78,733 (+12.6%)	1.8%	$40.81	+59.5%	COM	894164102
CPK	CHESAPEAKE UTILS CORP	478,586 (-5.2%)	$59,709 (-12.2%)	1.3%	$99.13	+32.5%	COM	165303108
SCVL	SHOE CARNIVAL INC	1,520,739 (-6.4%)	$25,670 (-24.0%)	0.6%	$23.39	-21.5%	COM	824889109
BAH	BOOZ ALLEN HAMILTON HLDG CORP	312,754 (-9.3%)	$26,384 (-23.4%)	0.6%	$97.93	-9.6%	COM	099502106
WCC	WESCO INTL INC	363,904 (-5.1%)	$89,026 (+9.8%)	2.0%	$167.72	+46.0%	COM	95082P105
WINA	WINMARK CORP	66,135 (-5.0%)	$26,781 (-22.7%)	0.6%	$365.99	+16.9%	COM	974250102
CASY	CASEYS GEN STORES INC	74,457 (-13.6%)	$41,154 (-15.6%)	0.9%	$160.61	+242.2%	COM	147528103
KWR	QUAKER HOUGHTON	308,231 (-18.6%)	$42,323 (-15.1%)	0.9%	$168.23	-19.7%	COM	747316107
WING	WINGSTOP INC	272,030 (-5.4%)	$64,877 (-10.4%)	1.4%	$185.82	+33.3%	COM	974155103
HXL	HEXCEL CORP NEW	942,114 (-5.1%)	$69,622 (+11.8%)	1.6%	$70.07	+0.9%	COM	428291108
MTRN	MATERION CORP	304,939 (-18.2%)	$37,910 (-15.8%)	0.8%	$69.65	+77.0%	COM	576690101
LKFN	LAKELAND FINL CORP	615,680 (-5.5%)	$35,131 (-16.0%)	0.8%	$44.57	+31.9%	COM	511656100
CHE	CHEMED CORP NEW	137,551 (-6.0%)	$58,853 (-10.2%)	1.3%	$360.54	+20.7%	COM	16359R103
BC	BRUNSWICK CORP	906,647 (-5.4%)	$67,310 (+11.0%)	1.5%	$58.24	+15.9%	COM	117043109
AVGO	BROADCOM INC	86,072 (-21.7%)	$29,790 (-17.9%)	0.7%	$146.25	+144.1%	COM	11135F101
CNS	COHEN & STEERS INC	804,732 (-7.1%)	$50,521 (-11.1%)	1.1%	$45.23	+43.2%	COM	19247A100
LFUS	LITTELFUSE INC	300,113 (-5.4%)	$75,905 (-7.6%)	1.7%	$189.37	+34.5%	COM	537008104
NVT	NVENT ELECTRIC PLC	282,078 (-20.4%)	$28,763 (-17.7%)	0.6%	$69.65	+48.8%	COM	G6700G107
LSTR	LANDSTAR SYS INC	381,235 (-4.8%)	$54,784 (+11.6%)	1.2%	$118.08	—	COM	515098101
HOMB	HOME BANCSHARES INC	2,622,015 (-5.2%)	$72,840 (-6.9%)	1.6%	$20.65	+34.3%	COM	436893200
LLY	ELI LILLY & CO	19,879 (-4.9%)	$21,364 (+34.0%)	0.5%	$487.16	+96.1%	COM	532457108
UMH	UMH PPTYS INC	1,149,834 (-27.8%)	$18,294 (-22.6%)	0.4%	$14.18	—	COM	903002103
ENSG	ENSIGN GROUP INC	641,400 (-5.3%)	$111,732 (-4.5%)	2.5%	$39.14	+358.8%	COM	29358P101
NSSC	NAPCO SEC TECHNOLOGIES INC	1,420,792 (-5.1%)	$59,247 (-7.9%)	1.3%	$40.15	+4.5%	COM	630402105
DKS	DICKS SPORTING GOODS INC	134,541 (-5.3%)	$26,635 (-15.6%)	0.6%	$126.93	+71.1%	COM	253393102
UNF	UNIFIRST CORP MASS	295,381 (-5.3%)	$56,979 (+9.2%)	1.3%	$178.71	-5.7%	COM	904708104
JKHY	HENRY JACK & ASSOC INC	166,627 (-3.4%)	$30,406 (+18.3%)	0.7%	$141.80	+17.2%	COM	426281101
DGX	QUEST DIAGNOSTICS INC	159,637 (-5.2%)	$27,702 (-13.7%)	0.6%	$96.11	+89.4%	COM	74834L100
GFL	GFL ENVIRONMENTAL INC SUB VTG	602,493 (-5.4%)	$25,877 (-14.2%)	0.6%	$34.78	+28.4%	COM	36168Q104
MSA	MSA SAFETY INC	178,035 (-6.2%)	$28,511 (-12.7%)	0.6%	$169.48	-3.9%	COM	553498106
NYT	NEW YORK TIMES CO CL A	451,811 (-4.8%)	$31,365 (+15.1%)	0.7%	$50.03	+23.6%	COM	650111107
GOOGL	ALPHABET INC CAP STK CL A	68,272 (-4.3%)	$21,369 (+23.2%)	0.5%	$184.23	+55.0%	COM	02079K305
KLIC	KULICKE & SOFFA INDS INC	1,477,365 (-5.3%)	$67,309 (+6.2%)	1.5%	$47.62	-11.6%	COM	501242101
UFPI	UFP INDUSTRIES INC	434,821 (-6.4%)	$39,591 (-8.9%)	0.9%	$81.66	+12.1%	COM	90278Q108
CRAI	CRA INTL INC	173,473 (-5.2%)	$34,816 (-8.8%)	0.8%	$86.33	+117.8%	COM	12618T105
PRI	PRIMERICA INC	91,164 (-5.8%)	$23,553 (-12.3%)	0.5%	$265.05	-1.6%	COM	74164M108
PSMT	PRICESMART INC	653,408 (-5.1%)	$80,154 (-4.0%)	1.8%	$82.91	+46.5%	COM	741511109
CHDN	CHURCHILL DOWNS INC	241,573 (-3.2%)	$27,486 (+13.6%)	0.6%	$116.18	-11.0%	COM	171484108
NXRT	NEXPOINT RESIDENTIAL TR INC	732,005 (-6.8%)	$22,033 (-12.9%)	0.5%	$23.36	—	COM	65341D102
WH	WYNDHAM HOTELS & RESORTS INC	337,749 (-5.7%)	$25,520 (-10.8%)	0.6%	$74.71	+0.9%	COM	98311A105
TTEK	TETRA TECH INC NEW	1,663,090 (-5.7%)	$55,780 (-5.2%)	1.2%	$38.52	-12.2%	COM	88162G103
HD	HOME DEPOT INC	28,798 (-9.9%)	$9,910 (-23.5%)	0.2%	$226.55	+60.9%	COM	437076102
MSI	MOTOROLA SOLUTIONS INC	33,848 (-2.6%)	$12,975 (-18.4%)	0.3%	$207.49	+93.2%	COM	620076307
MSFT	MICROSOFT CORP	50,299 (-4.1%)	$24,326 (-10.4%)	0.5%	$282.59	+77.1%	COM	594918104
BIPC	BROOKFIELD INFRASTRUCTURE CORP	1,372,082 (-5.2%)	$62,293 (+4.7%)	1.4%	$40.13	+12.2%	COM	11276H106
DPZ	DOMINOS PIZZA INC	62,378 (-6.2%)	$26,001 (-9.4%)	0.6%	$289.97	+43.3%	COM	25754A201
CSL	CARLISLE COS INC	74,288 (-6.8%)	$23,762 (-9.4%)	0.5%	$216.64	+48.9%	COM	142339100
META	META PLATFORMS INC CL A	18,984 (-6.1%)	$12,531 (-15.6%)	0.3%	$641.93	+4.0%	COM	30303M102
BRO	BROWN & BROWN INC	101,563 (-6.0%)	$8,095 (-20.2%)	0.2%	$103.91	-19.8%	COM	115236101
NXST	NEXSTAR MEDIA GROUP INC COMMON	376,621 (-5.1%)	$76,473 (-2.5%)	1.7%	$112.25	+71.8%	COM	65336K103
CTAS	CINTAS CORP	68,847 (-5.1%)	$12,948 (-13.1%)	0.3%	$208.08	-9.6%	COM	172908105
ADP	AUTOMATIC DATA PROCESSING INC	42,655 (-2.9%)	$10,972 (-14.9%)	0.2%	$179.60	+47.5%	COM	053015103
LNG	CHENIERE ENERGY INC COM NEW	37,223 (-4.4%)	$7,236 (-20.9%)	0.2%	$170.59	+23.1%	COM	16411R208
MAR	MARRIOTT INTL INC NEW CL A	49,586 (-4.4%)	$15,384 (+13.9%)	0.3%	$236.12	+20.8%	COM	571903202
ROST	ROSS STORES INC	86,120 (-4.1%)	$15,514 (+13.4%)	0.3%	$120.38	+38.4%	COM	778296103
RS	RELIANCE INC	130,776 (-7.1%)	$37,777 (-4.5%)	0.8%	$174.61	+60.9%	COM	759509102
MS	MORGAN STANLEY COM NEW	153,010 (-4.2%)	$27,164 (+7.0%)	0.6%	$78.24	+112.8%	COM	617446448
RGLD	ROYAL GOLD INC	139,408 (-5.2%)	$30,989 (+5.0%)	0.7%	$148.89	+33.2%	COM	780287108
VMI	VALMONT INDS INC	210,433 (-5.3%)	$84,662 (-1.7%)	1.9%	$246.44	+65.1%	COM	920253101
SHW	SHERWIN WILLIAMS CO	37,442 (-4.3%)	$12,132 (-10.4%)	0.3%	$244.08	+36.9%	COM	824348106
MPWR	MONOLITHIC PWR SYS INC	19,154 (-5.7%)	$17,362 (-7.1%)	0.4%	$512.44	+87.5%	COM	609839105
COST	COSTCO WHSL CORP NEW	11,581 (-3.8%)	$9,987 (-10.4%)	0.2%	$360.60	+151.2%	COM	22160K105
STE	STERIS PLC SHS USD	175,671 (-4.8%)	$44,537 (-2.5%)	1.0%	$168.25	+49.3%	COM	G8473T100
INTU	INTUIT	22,025 (-4.2%)	$14,591 (-7.0%)	0.3%	$368.10	+79.5%	COM	461202103
TRNO	TERRENO RLTY CORP	987,395 (-5.0%)	$57,970 (-1.7%)	1.3%	$43.50	—	COM	88146M101
CRM	SALESFORCE INC	50,540 (-3.4%)	$13,389 (+7.9%)	0.3%	$259.91	-4.5%	COM	79466L302
TSM	TAIWAN SEMICONDUCTOR MFG LTD S	70,709 (-4.2%)	$21,488 (+4.3%)	0.5%	$196.36	—	ADR	874039100
WCN	WASTE CONNECTIONS INC	98,766 (-4.2%)	$17,320 (-4.4%)	0.4%	$112.15	+54.1%	COM	94106B101
AMP	AMERIPRISE FINL INC	33,175 (-4.1%)	$16,268 (-4.3%)	0.4%	$230.34	+105.7%	COM	03076C106
EQIX	EQUINIX INC	13,815 (-4.4%)	$10,585 (-6.4%)	0.2%	$623.26	+25.3%	COM	29444U700
BKNG	BOOKING HOLDINGS INC	1,946 (-5.7%)	$10,422 (-6.4%)	0.2%	$5563.60	-7.7%	COM	09857L108
RHP	RYMAN HOSPITALITY PPTYS INC	262,307 (-7.8%)	$24,820 (-2.6%)	0.6%	$107.90	—	COM	78377T107
VRT	VERTIV HOLDINGS CO COM CL A	5,574 (-45.0%)	$903 (-41.0%)	0.0%	$101.01	+71.8%	COM	92537N108
COR	CENCORA INC	50,488 (-4.3%)	$17,053 (+3.5%)	0.4%	$249.38	+36.6%	COM	03073E105
KFRC	KFORCE INC	439,811 (-6.7%)	$13,599 (-3.7%)	0.3%	$60.69	-51.5%	COM	493732101
APH	AMPHENOL CORP NEW CL A	138,617 (-6.0%)	$18,733 (+2.7%)	0.4%	$65.12	+105.1%	COM	032095101
ACN	ACCENTURE PLC IRELAND SHS CLAS	422 (-82.4%)	$113 (-80.9%)	0.0%	$261.80	-3.0%	COM	G1151C101
JPM	JPMORGAN CHASE & CO.	61,297 (-4.3%)	$19,751 (-2.2%)	0.4%	$188.43	+64.3%	COM	46625H100
MSCI	MSCI INC	23,741 (-4.2%)	$13,621 (-3.2%)	0.3%	$479.23	+16.9%	COM	55354G100
NDSN	NORDSON CORP	116,316 (-7.0%)	$27,966 (-1.5%)	0.6%	$173.49	+35.0%	COM	655663102
AGM	FEDERAL AGRIC MTG CORP CL C	240,905 (-5.2%)	$42,296 (-1.0%)	0.9%	$69.97	+138.8%	COM	313148306
JBHT	HUNT J B TRANS SVCS INC	6,642 (-4.2%)	$1,291 (+38.7%)	0.0%	$172.02	-0.3%	COM	445658107
V	VISA INC COM CL A	63,602 (-4.2%)	$22,306 (-1.6%)	0.5%	$191.93	+77.3%	COM	92826C839
AAPL	APPLE INC	86,082 (-5.2%)	$23,402 (+1.2%)	0.5%	$133.11	+101.6%	COM	037833100
ODFL	OLD DOMINION FREIGHT LINE INC	41,513 (-6.2%)	$6,509 (+4.5%)	0.1%	$200.78	-28.7%	COM	679580100
FIX	COMFORT SYS USA INC	1,049 (-29.1%)	$979 (-19.8%)	0.0%	$421.59	+118.9%	COM	199908104
RMD	RESMED INC	4,273 (-4.4%)	$1,029 (-15.9%)	0.0%	$132.99	+92.1%	COM	761152107
PB	PROSPERITY BANCSHARES INC	373,612 (-4.7%)	$25,820 (-0.7%)	0.6%	$56.61	+18.4%	COM	743606105
BR	BROADRIDGE FINL SOLUTIONS INC	6,331 (-6.1%)	$1,413 (-12.0%)	0.0%	$116.49	+95.1%	COM	11133T103
YOU	CLEAR SECURE INC COM CL A	2,237,026 (-5.1%)	$78,475 (-0.2%)	1.8%	$26.81	+26.7%	COM	18467V109
VMC	VULCAN MATLS CO	3,526 (-4.1%)	$1,006 (-11.1%)	0.0%	$247.21	+18.6%	COM	929160109
BAM	BROOKFIELD ASSET MANAGMT LTD C	17,601 (-4.0%)	$922 (-11.7%)	0.0%	$37.33	+43.2%	COM	113004105
DTM	DT MIDSTREAM INC COMMON STOCK	245,257 (-5.2%)	$29,352 (+0.4%)	0.7%	$103.16	+10.8%	COM	23345M107
AWK	AMERICAN WTR WKS CO INC NEW	7,208 (-4.0%)	$941 (-10.0%)	0.0%	$116.38	+14.4%	COM	030420103
NDAQ	NASDAQ INC	13,536 (-2.7%)	$1,315 (+6.9%)	0.0%	$55.84	+60.7%	COM	631103108
EBAY	EBAY INC.	11,797 (-3.4%)	$1,028 (-7.5%)	0.0%	$63.04	+37.0%	COM	278642103
ALL	ALLSTATE CORP	4,195 (-5.3%)	$874 (-8.2%)	0.0%	$89.21	+128.8%	COM	020002101
OSPN	ONESPAN INC	7,415 (-27.3%)	$95 (-41.3%)	0.0%	$15.97	-15.5%	COM	68287N100
CSGS	CSG SYS INTL INC	374 (-72.4%)	$29 (-67.2%)	0.0%	$47.06	+56.2%	COM	126349109
CWCO	CONSOLIDATED WATER CO INC	1,966 (-38.6%)	$69 (-38.6%)	0.0%	$25.71	+35.1%	COM	G23773107
ELS	EQUITY LIFESTYLE PPTYS INC	14,974 (-4.3%)	$908 (-4.5%)	0.0%	$32.29	—	COM	29472R108
LRCX	LAM RESEARCH CORP COM NEW	5,441 (-24.6%)	$931 (-3.6%)	0.0%	$105.52	+47.2%	COM	512807306
OZK	BANK OZK LITTLE ROCK ARK	977 (-28.4%)	$45 (-35.4%)	0.0%	$29.71	+55.7%	COM	06417N103
GRC	GORMAN RUPP CO	1,291 (-29.8%)	$62 (-27.8%)	0.0%	$38.02	+22.5%	COM	383082104
ALSN	ALLISON TRANSMISSION HLDGS INC	936 (-28.9%)	$92 (-18.0%)	0.0%	$34.87	+150.9%	COM	01973R101
CVLG	COVENANT LOGISTICS GROUP INC C	4,487 (-18.3%)	$99 (-16.9%)	0.0%	$24.03	-13.0%	COM	22284P105
ISTR	INVESTAR HLDG CORP	2,315 (-33.1%)	$62 (-23.0%)	0.0%	$17.92	+37.2%	COM	46134L105
IPAR	INTER PARFUMS INC	72 (-69.9%)	$6 (-73.9%)	0.0%	$85.30	+3.2%	COM	458334109
NVO	NOVO-NORDISK A S ADR	357 (-44.3%)	$18 (-48.9%)	0.0%	$77.05	—	ADR	670100205
HII	HUNTINGTON INGALLS INDS INC	367 (-22.6%)	$125 (-8.5%)	0.0%	$220.94	+40.1%	COM	446413106
FANG	DIAMONDBACK ENERGY INC	6,982 (-3.8%)	$1,050 (+1.0%)	0.0%	$95.31	+54.3%	COM	25278X109
WGO	WINNEBAGO INDS INC	1,596 (-25.7%)	$65 (-9.9%)	0.0%	$41.05	-11.2%	COM	974637100
NEE	NEXTERA ENERGY INC	10,067 (-5.2%)	$808 (+0.9%)	0.0%	$63.48	+30.0%	COM	65339F101
CHRD	CHORD ENERGY CORPORATION COM N	58 (-19.4%)	$5 (-25.5%)	0.0%	$65.33	+40.8%	COM	674215207
CUBE	CUBESMART	2 (-94.4%)	$0 (-93.1%)	0.0%	$44.75	—	COM	229663109
ESI	ELEMENT SOLUTIONS INC	320 (-8.0%)	$8 (-8.9%)	0.0%	$25.73	+0.7%	COM	28618M106
ATNI	ATN INTL INC	2,827 (-33.9%)	$64 (+0.6%)	0.0%	$16.04	+14.1%	COM	00215F107
KIGRY	KION GROUP AG ADR	169 (-23.5%)	$3 (-10.1%)	0.0%	$9.77	—	ADR	497216101
ABM	ABM INDS INC	31 (-3.1%)	$1 (-8.5%)	0.0%	$51.17	-14.7%	COM	000957100

Unchanged Positions (114)

JNJ JOHNSON & JOHNSON 0.0%

Value ($000) $378 Shares 1,828 Est. Cost $59.66 Unrealized +230.2%

SYF SYNCHRONY FINANCIAL 0.0%

Value ($000) $219 Shares 2,628 Est. Cost $47.22 Unrealized +61.6%

TSCO TRACTOR SUPPLY CO 0.0%

Value ($000) $232 Shares 4,639 Est. Cost $51.29 Unrealized +4.7%

GOOG ALPHABET INC CAP STK CL C 0.0%

Value ($000) $132 Shares 420 Est. Cost $164.85 Unrealized +73.7%

BLK BLACKROCK INC 0.0%

Value ($000) $319 Shares 298 Est. Cost $840.24 Unrealized +29.7%

XOM EXXON MOBIL CORP 0.0%

Value ($000) $376 Shares 3,125 Est. Cost $57.68 Unrealized +100.2%

CRCT CRICUT INC COM CL A 0.0%

Value ($000) $67 Shares 13,502 Est. Cost $5.07 Unrealized -1.3%

AMGN AMGEN INC 0.0%

Value ($000) $131 Shares 400 Est. Cost $313.17 Unrealized +0.9%

AMT AMERICAN TOWER CORP NEW 0.0%

Value ($000) $175 Shares 999 Est. Cost $155.40 Unrealized +16.0%

GIC GLOBAL INDUSTRIAL COMPANY 0.0%

Value ($000) $65 Shares 2,217 Est. Cost $29.90 Unrealized +1.4%

LFVN LIFEVANTAGE CORP COM NEW 0.0%

Value ($000) $28 Shares 4,538 Est. Cost $14.08 Unrealized -47.4%

KARO KAROOOOO LTD ORD SHS 0.0%

Value ($000) $60 Shares 1,329 Est. Cost $50.20 Unrealized -6.7%

ESOA ENERGY SVCS ACQUISITION CORP 0.0%

Value ($000) $53 Shares 6,450 Est. Cost $10.02 Unrealized -4.5%

ITRN ITURAN LOCATION AND CONTROL 0.0%

Value ($000) $80 Shares 1,871 Est. Cost $30.42 Unrealized +28.9%

ODC OIL DRI CORP AMER 0.0%

Value ($000) $54 Shares 1,095 Est. Cost $60.72 Unrealized -8.7%

JILL J JILL INC 0.0%

Value ($000) $52 Shares 3,813 Est. Cost $15.58 Unrealized -3.5%

MRK MERCK & CO INC 0.0%

Value ($000) $63 Shares 600 Est. Cost $112.96 Unrealized -17.5%

UNH UNITEDHEALTH GROUP INC 0.0%

Value ($000) $274 Shares 829 Est. Cost $345.42 Unrealized -2.4%

TSQ TOWNSQUARE MEDIA INC CL A 0.0%

Value ($000) $40 Shares 7,785 Est. Cost $9.47 Unrealized -40.6%

EGP EASTGROUP PPTYS INC 0.0%

Value ($000) $241 Shares 1,355 Est. Cost $184.49 Unrealized —

OTIS OTIS WORLDWIDE CORP 0.0%

Value ($000) $256 Shares 2,926 Est. Cost $79.04 Unrealized +12.9%

SD SANDRIDGE ENERGY INC COM NEW 0.0%

Value ($000) $52 Shares 3,620 Est. Cost $12.36 Unrealized +7.1%

NHC NATIONAL HEALTHCARE CORP 0.0%

Value ($000) $99 Shares 723 Est. Cost $118.75 Unrealized +8.8%

ABT ABBOTT LABS 0.0%

Value ($000) $156 Shares 1,248 Est. Cost $107.07 Unrealized +18.9%

RICK RCI HOSPITALITY HLDGS INC 0.0%

Value ($000) $35 Shares 1,489 Est. Cost $44.49 Unrealized -42.5%

ESP ESPEY MFG & ELECTRS CORP 0.0%

Value ($000) $61 Shares 1,293 Est. Cost $27.35 Unrealized +45.4%

CHD CHURCH & DWIGHT CO INC 0.0%

Value ($000) $212 Shares 2,533 Est. Cost $59.47 Unrealized +43.4%

TRAK REPOSITRAK INC COM NEW 0.0%

Value ($000) $45 Shares 3,649 Est. Cost $17.35 Unrealized -18.2%

WSR WHITESTONE REIT 0.0%

Value ($000) $74 Shares 5,327 Est. Cost $13.28 Unrealized —

BSVN BANK7 CORP 0.0%

Value ($000) $65 Shares 1,586 Est. Cost $36.78 Unrealized +15.5%

EEX EMERALD HOLDING INC 0.0%

Value ($000) $58 Shares 13,047 Est. Cost $4.43 Unrealized -3.0%

MMM 3M CO 0.0%

Value ($000) $240 Shares 1,500 Est. Cost $119.14 Unrealized +37.0%

UTMD UTAH MED PRODS INC 0.0%

Value ($000) $55 Shares 982 Est. Cost $65.58 Unrealized -11.6%

GE GE AEROSPACE COM NEW 0.0%

Value ($000) $243 Shares 790 Est. Cost $189.52 Unrealized +58.7%

RPC P10 INC COM CL A 0.0%

Value ($000) $52 Shares 5,263 Est. Cost $9.98 Unrealized +1.6%

KRT KARAT PACKAGING INC 0.0%

Value ($000) $47 Shares 2,063 Est. Cost $27.56 Unrealized -16.0%

IGIC INTL GNRL INSURANCE HLDNGS LTD 0.0%

Value ($000) $69 Shares 2,765 Est. Cost $23.96 Unrealized -2.1%

STRW STRAWBERRY FIELDS REIT INC 0.0%

Value ($000) $83 Shares 6,300 Est. Cost $12.30 Unrealized —

IMMR IMMERSION CORP 0.0%

Value ($000) $55 Shares 8,137 Est. Cost $9.69 Unrealized -30.0%

ABBV ABBVIE INC 0.0%

Value ($000) $299 Shares 1,308 Est. Cost $28.53 Unrealized +697.6%

CSPI CSP INC 0.0%

Value ($000) $49 Shares 3,932 Est. Cost $14.04 Unrealized -13.0%

CNOB CONNECTONE BANCORP INC 0.0%

Value ($000) $68 Shares 2,594 Est. Cost $22.10 Unrealized +13.4%

SSNC SS&C TECHNOLOGIES HLDGS INC 0.0%

Value ($000) $238 Shares 2,719 Est. Cost $67.70 Unrealized +26.0%

CASS CASS INFORMATION SYS INC 0.0%

Value ($000) $69 Shares 1,650 Est. Cost $40.43 Unrealized +0.2%

STC STEWART INFORMATION SVCS CORP 0.0%

Value ($000) $79 Shares 1,119 Est. Cost $69.71 Unrealized +3.3%

PFBC PREFERRED BK LOS ANGELES CA CO 0.0%

Value ($000) $79 Shares 837 Est. Cost $80.64 Unrealized +15.6%

PFE PFIZER INC 0.0%

Value ($000) $124 Shares 4,983 Est. Cost $26.68 Unrealized -6.2%

GS GOLDMAN SACHS GROUP INC 0.0%

Value ($000) $30 Shares 34 Est. Cost $544.86 Unrealized +49.3%

PPG PPG INDS INC 0.0%

Value ($000) $96 Shares 936 Est. Cost $122.00 Unrealized -17.9%

GEV GE VERNOVA INC 0.0%

Value ($000) $42 Shares 64 Est. Cost $191.56 Unrealized +217.9%

ELAN ELANCO ANIMAL HEALTH INC 0.0%

Value ($000) $22 Shares 983 Est. Cost $13.93 Unrealized +56.2%

WFC WELLS FARGO CO NEW 0.0%

Value ($000) $24 Shares 258 Est. Cost $66.67 Unrealized +29.9%

TJX TJX COS INC NEW 0.0%

Value ($000) $40 Shares 258 Est. Cost $112.73 Unrealized +31.0%

SOLV SOLVENTUM CORP COM SHS 0.0%

Value ($000) $30 Shares 374 Est. Cost $60.14 Unrealized +27.3%

PLBC PLUMAS BANCORP 0.0%

Value ($000) $63 Shares 1,418 Est. Cost $44.58 Unrealized -3.8%

FSBW FS BANCORP INC 0.0%

Value ($000) $71 Shares 1,729 Est. Cost $39.34 Unrealized +1.1%

SONY SONY GROUP CORP SPONSORED ADR 0.0%

Value ($000) $17 Shares 660 Est. Cost $36.84 Unrealized —

HCKT HACKETT GROUP INC 0.0%

Value ($000) $65 Shares 3,299 Est. Cost $24.66 Unrealized -23.1%

T AT&T INC 0.0%

Value ($000) $14 Shares 552 Est. Cost $18.78 Unrealized +34.6%

KOP KOPPERS HOLDINGS INC 0.0%

Value ($000) $55 Shares 2,030 Est. Cost $29.61 Unrealized -5.7%

TCEHY TENCENT HOLDINGS LIMITED UNSPO 0.0%

Value ($000) $16 Shares 205 Est. Cost $55.40 Unrealized —

— GILDAN ACTIVEWEAR INC 0.0%

Value ($000) $19 Shares 306 Est. Cost $49.18 Unrealized —

REPX RILEY EXPLORATION PERMIAN INC 0.0%

Value ($000) $59 Shares 2,239 Est. Cost $25.54 Unrealized +2.2%

PEP PEPSICO INC 0.0%

Value ($000) $72 Shares 500 Est. Cost $162.90 Unrealized -10.4%

IDT IDT CORP CL B NEW 0.0%

Value ($000) $66 Shares 1,286 Est. Cost $49.71 Unrealized +0.8%

RHHBY ROCHE HLDG LTD SPONSORED ADR 0.0%

Value ($000) $5 Shares 91 Est. Cost $39.95 Unrealized —

BAESY BAE SYSTEMS PLC SPONSORED ADR 0.0%

Value ($000) $4 Shares 40 Est. Cost $66.35 Unrealized —

MCD MCDONALDS CORP 0.0%

Value ($000) $127 Shares 416 Est. Cost $266.70 Unrealized +14.4%

IBDRY IBERDROLA S A SPON ADR 0.0%

Value ($000) $6 Shares 65 Est. Cost $61.98 Unrealized —

UBS UBS GROUP AG 0.0%

Value ($000) $6 Shares 126 Est. Cost $30.05 Unrealized +34.4%

SEIC SEI INVTS CO 0.0%

Value ($000) $18 Shares 221 Est. Cost $81.45 Unrealized +0.3%

WTKWY WOLTERS KLUWER N V SPONSORED A 0.0%

Value ($000) $2 Shares 18 Est. Cost $167.72 Unrealized —

ROL ROLLINS INC 0.0%

Value ($000) $28 Shares 459 Est. Cost $48.56 Unrealized +20.8%

THLLY THALES UNSPONSORD ADR 0.0%

Value ($000) $3 Shares 62 Est. Cost $31.66 Unrealized —

RY ROYAL BK CDA MONTREAL QUE 0.0%

Value ($000) $4 Shares 23 Est. Cost $117.75 Unrealized +30.4%

GL GLOBE LIFE INC 0.0%

Value ($000) $23 Shares 168 Est. Cost $105.26 Unrealized +28.7%

HDLMY HEIDELBERG MATERIALS AG SPONSO 0.0%

Value ($000) $4 Shares 68 Est. Cost $47.07 Unrealized —

SAN BANCO SANTANDER S.A. ADR 0.0%

Value ($000) $4 Shares 359 Est. Cost $10.48 Unrealized —

RTO RENTOKIL INITIAL PLC SPONSORED 0.0%

Value ($000) $3 Shares 106 Est. Cost $24.93 Unrealized —

SCL STEPAN CO 0.0%

Value ($000) $56 Shares 1,190 Est. Cost $69.44 Unrealized -34.0%

SSMXY SYSMEX CORP UNSPONSORED ADR 0.0%

Value ($000) $1 Shares 141 Est. Cost $19.44 Unrealized —

ASAZY ASSA ABLOY AB ADR 0.0%

Value ($000) $3 Shares 174 Est. Cost $16.80 Unrealized —

MRAAY MURATA MANUFACTURING CO LTD UN 0.0%

Value ($000) $4 Shares 380 Est. Cost $9.83 Unrealized —

TTDKY TDK CORP AMERN DEP SH 0.0%

Value ($000) $11 Shares 810 Est. Cost $23.10 Unrealized —

SYK STRYKER CORPORATION 0.0%

Value ($000) $6 Shares 17 Est. Cost $340.46 Unrealized +6.8%

EXPGY EXPERIAN PLC SPONSORED ADR 0.0%

Value ($000) $3 Shares 59 Est. Cost $50.20 Unrealized —

AAGIY AIA GROUP LTD SPONSORED ADR 0.0%

Value ($000) $5 Shares 114 Est. Cost $28.82 Unrealized —

AIQUY AIR LIQUIDE ADR 0.0%

Value ($000) $3 Shares 76 Est. Cost $38.01 Unrealized —

NSRGY NESTLE S A SPONSORED ADR 0.0%

Value ($000) $4 Shares 40 Est. Cost $100.75 Unrealized —

SNPHY SANTEN PHARMACEUTICAL CO LTD A 0.0%

Value ($000) $3 Shares 286 Est. Cost $10.56 Unrealized —

RNGR RANGER ENERGY SVCS INC COM CL 0.0%

Value ($000) $56 Shares 4,025 Est. Cost $11.85 Unrealized +14.6%

DEO DIAGEO PLC SPON ADR NEW 0.0%

Value ($000) $2 Shares 22 Est. Cost $140.32 Unrealized —

CNQ CANADIAN NAT RES LTD 0.0%

Value ($000) $3 Shares 102 Est. Cost $33.15 Unrealized -2.2%

SXYAY SIKA AG UNSPONSORD ADR 0.0%

Value ($000) $2 Shares 96 Est. Cost $33.09 Unrealized —

TXRH TEXAS ROADHOUSE INC 0.0%

Value ($000) $190 Shares 1,145 Est. Cost $175.68 Unrealized -3.9%

DIS DISNEY WALT CO 0.0%

Value ($000) $25 Shares 218 Est. Cost $116.99 Unrealized -6.4%

SHECY SHIN ETSU CHEMICAL CO LTD ADR 0.0%

Value ($000) $3 Shares 197 Est. Cost $17.71 Unrealized —

COF CAPITAL ONE FINANCIAL 0.0%

Value ($000) $1 Shares 5 Est. Cost $185.05 Unrealized +20.1%

BNPQY BNP PARIBAS SPONSORED ADR 0.0%

Value ($000) $4 Shares 79 Est. Cost $41.76 Unrealized —

ADDYY ADIDAS AG ADR 0.0%

Value ($000) $2 Shares 18 Est. Cost $117.00 Unrealized —

TEZNY TRASMISSIONE ELETTRICITA RETE 0.0%

Value ($000) $3 Shares 89 Est. Cost $27.05 Unrealized —

CTRA COTERRA ENERGY INC 0.0%

Value ($000) $1 Shares 47 Est. Cost $23.53 Unrealized +6.7%

NVZMY NOVONESIS (NOVOZYMES) B UNSPON 0.0%

Value ($000) $3 Shares 49 Est. Cost $69.14 Unrealized —

RCRUY RECRUIT HLDGS CO LTD UNSPONSOR 0.0%

Value ($000) $2 Shares 180 Est. Cost $12.13 Unrealized —

HVRRY HANNOVER RUECK SE SPONSORED AD 0.0%

Value ($000) $3 Shares 60 Est. Cost $50.35 Unrealized —

CNI CANADIAN NATL RY CO 0.0%

Value ($000) $2 Shares 22 Est. Cost $100.61 Unrealized -4.4%

DNBBY DNB BANK ASA SPONSORED 0.0%

Value ($000) $4 Shares 140 Est. Cost $20.51 Unrealized —

BFC BANK FIRST CORP 0.0%

Value ($000) $22 Shares 178 Est. Cost $95.44 Unrealized +33.0%

FTS FORTIS INC 0.0%

Value ($000) $3 Shares 57 Est. Cost $40.60 Unrealized +25.2%

SBGSY SCHNEIDER ELECTRIC SE UNSPONSO 0.0%

Value ($000) $3 Shares 60 Est. Cost $45.92 Unrealized —

BVVBY BUREAU VERITAS SA UNSPONSORED 0.0%

Value ($000) $3 Shares 44 Est. Cost $66.30 Unrealized —

MSM MSC INDUSTRIAL DIRECT CO-A 0.0%

Value ($000) $0 Shares 5 Est. Cost $81.78 Unrealized +6.0%

SNA SNAP ON INC 0.0%

Value ($000) $1 Shares 3 Est. Cost $265.72 Unrealized +28.1%

BMI BADGER METER INC 0.0%

Value ($000) $0 Shares 1 Est. Cost $198.39 Unrealized -9.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JNJ	JOHNSON & JOHNSON	1,828	$378	0.0%	$59.66	+230.2%	COM	478160104
SYF	SYNCHRONY FINANCIAL	2,628	$219	0.0%	$47.22	+61.6%	COM	87165B103
TSCO	TRACTOR SUPPLY CO	4,639	$232	0.0%	$51.29	+4.7%	COM	892356106
GOOG	ALPHABET INC CAP STK CL C	420	$132	0.0%	$164.85	+73.7%	COM	02079K107
BLK	BLACKROCK INC	298	$319	0.0%	$840.24	+29.7%	COM	09290D101
XOM	EXXON MOBIL CORP	3,125	$376	0.0%	$57.68	+100.2%	COM	30231G102
CRCT	CRICUT INC COM CL A	13,502	$67	0.0%	$5.07	-1.3%	COM	22658D100
AMGN	AMGEN INC	400	$131	0.0%	$313.17	+0.9%	COM	031162100
AMT	AMERICAN TOWER CORP NEW	999	$175	0.0%	$155.40	+16.0%	COM	03027X100
GIC	GLOBAL INDUSTRIAL COMPANY	2,217	$65	0.0%	$29.90	+1.4%	COM	37892E102
LFVN	LIFEVANTAGE CORP COM NEW	4,538	$28	0.0%	$14.08	-47.4%	COM	53222K205
KARO	KAROOOOO LTD ORD SHS	1,329	$60	0.0%	$50.20	-6.7%	COM	Y4600W108
ESOA	ENERGY SVCS ACQUISITION CORP	6,450	$53	0.0%	$10.02	-4.5%	COM	29271Q103
ITRN	ITURAN LOCATION AND CONTROL	1,871	$80	0.0%	$30.42	+28.9%	COM	M6158M104
ODC	OIL DRI CORP AMER	1,095	$54	0.0%	$60.72	-8.7%	COM	677864100
JILL	J JILL INC	3,813	$52	0.0%	$15.58	-3.5%	COM	46620W201
MRK	MERCK & CO INC	600	$63	0.0%	$112.96	-17.5%	COM	58933Y105
UNH	UNITEDHEALTH GROUP INC	829	$274	0.0%	$345.42	-2.4%	COM	91324P102
TSQ	TOWNSQUARE MEDIA INC CL A	7,785	$40	0.0%	$9.47	-40.6%	COM	892231101
EGP	EASTGROUP PPTYS INC	1,355	$241	0.0%	$184.49	—	COM	277276101
OTIS	OTIS WORLDWIDE CORP	2,926	$256	0.0%	$79.04	+12.9%	COM	68902V107
SD	SANDRIDGE ENERGY INC COM NEW	3,620	$52	0.0%	$12.36	+7.1%	COM	80007P869
NHC	NATIONAL HEALTHCARE CORP	723	$99	0.0%	$118.75	+8.8%	COM	635906100
ABT	ABBOTT LABS	1,248	$156	0.0%	$107.07	+18.9%	COM	002824100
RICK	RCI HOSPITALITY HLDGS INC	1,489	$35	0.0%	$44.49	-42.5%	COM	74934Q108
ESP	ESPEY MFG & ELECTRS CORP	1,293	$61	0.0%	$27.35	+45.4%	COM	296650104
CHD	CHURCH & DWIGHT CO INC	2,533	$212	0.0%	$59.47	+43.4%	COM	171340102
TRAK	REPOSITRAK INC COM NEW	3,649	$45	0.0%	$17.35	-18.2%	COM	700215304
WSR	WHITESTONE REIT	5,327	$74	0.0%	$13.28	—	COM	966084204
BSVN	BANK7 CORP	1,586	$65	0.0%	$36.78	+15.5%	COM	06652N107
EEX	EMERALD HOLDING INC	13,047	$58	0.0%	$4.43	-3.0%	COM	29103W104
MMM	3M CO	1,500	$240	0.0%	$119.14	+37.0%	COM	88579Y101
UTMD	UTAH MED PRODS INC	982	$55	0.0%	$65.58	-11.6%	COM	917488108
GE	GE AEROSPACE COM NEW	790	$243	0.0%	$189.52	+58.7%	COM	369604301
RPC	P10 INC COM CL A	5,263	$52	0.0%	$9.98	+1.6%	COM	69376K106
KRT	KARAT PACKAGING INC	2,063	$47	0.0%	$27.56	-16.0%	COM	48563L101
IGIC	INTL GNRL INSURANCE HLDNGS LTD	2,765	$69	0.0%	$23.96	-2.1%	COM	G4809J106
STRW	STRAWBERRY FIELDS REIT INC	6,300	$83	0.0%	$12.30	—	COM	863182101
IMMR	IMMERSION CORP	8,137	$55	0.0%	$9.69	-30.0%	COM	452521107
ABBV	ABBVIE INC	1,308	$299	0.0%	$28.53	+697.6%	COM	00287Y109
CSPI	CSP INC	3,932	$49	0.0%	$14.04	-13.0%	COM	126389105
CNOB	CONNECTONE BANCORP INC	2,594	$68	0.0%	$22.10	+13.4%	COM	20786W107
SSNC	SS&C TECHNOLOGIES HLDGS INC	2,719	$238	0.0%	$67.70	+26.0%	COM	78467J100
CASS	CASS INFORMATION SYS INC	1,650	$69	0.0%	$40.43	+0.2%	COM	14808P109
STC	STEWART INFORMATION SVCS CORP	1,119	$79	0.0%	$69.71	+3.3%	COM	860372101
PFBC	PREFERRED BK LOS ANGELES CA CO	837	$79	0.0%	$80.64	+15.6%	COM	740367404
PFE	PFIZER INC	4,983	$124	0.0%	$26.68	-6.2%	COM	717081103
GS	GOLDMAN SACHS GROUP INC	34	$30	0.0%	$544.86	+49.3%	COM	38141G104
PPG	PPG INDS INC	936	$96	0.0%	$122.00	-17.9%	COM	693506107
GEV	GE VERNOVA INC	64	$42	0.0%	$191.56	+217.9%	COM	36828A101
ELAN	ELANCO ANIMAL HEALTH INC	983	$22	0.0%	$13.93	+56.2%	COM	28414H103
WFC	WELLS FARGO CO NEW	258	$24	0.0%	$66.67	+29.9%	COM	949746101
TJX	TJX COS INC NEW	258	$40	0.0%	$112.73	+31.0%	COM	872540109
SOLV	SOLVENTUM CORP COM SHS	374	$30	0.0%	$60.14	+27.3%	COM	83444M101
PLBC	PLUMAS BANCORP	1,418	$63	0.0%	$44.58	-3.8%	COM	729273102
FSBW	FS BANCORP INC	1,729	$71	0.0%	$39.34	+1.1%	COM	30263Y104
SONY	SONY GROUP CORP SPONSORED ADR	660	$17	0.0%	$36.84	—	ADR	835699307
HCKT	HACKETT GROUP INC	3,299	$65	0.0%	$24.66	-23.1%	COM	404609109
T	AT&T INC	552	$14	0.0%	$18.78	+34.6%	COM	00206R102
KOP	KOPPERS HOLDINGS INC	2,030	$55	0.0%	$29.61	-5.7%	COM	50060P106
TCEHY	TENCENT HOLDINGS LIMITED UNSPO	205	$16	0.0%	$55.40	—	ADR	88032Q109
—	GILDAN ACTIVEWEAR INC	306	$19	0.0%	$49.18	—	COM	002254645
REPX	RILEY EXPLORATION PERMIAN INC	2,239	$59	0.0%	$25.54	+2.2%	COM	76665T102
PEP	PEPSICO INC	500	$72	0.0%	$162.90	-10.4%	COM	713448108
IDT	IDT CORP CL B NEW	1,286	$66	0.0%	$49.71	+0.8%	COM	448947507
RHHBY	ROCHE HLDG LTD SPONSORED ADR	91	$5	0.0%	$39.95	—	ADR	771195104
BAESY	BAE SYSTEMS PLC SPONSORED ADR	40	$4	0.0%	$66.35	—	ADR	05523R107
MCD	MCDONALDS CORP	416	$127	0.0%	$266.70	+14.4%	COM	580135101
IBDRY	IBERDROLA S A SPON ADR	65	$6	0.0%	$61.98	—	ADR	450737101
UBS	UBS GROUP AG	126	$6	0.0%	$30.05	+34.4%	COM	H42097107
SEIC	SEI INVTS CO	221	$18	0.0%	$81.45	+0.3%	COM	784117103
WTKWY	WOLTERS KLUWER N V SPONSORED A	18	$2	0.0%	$167.72	—	ADR	977874205
ROL	ROLLINS INC	459	$28	0.0%	$48.56	+20.8%	COM	775711104
THLLY	THALES UNSPONSORD ADR	62	$3	0.0%	$31.66	—	ADR	883219206
RY	ROYAL BK CDA MONTREAL QUE	23	$4	0.0%	$117.75	+30.4%	COM	780087102
GL	GLOBE LIFE INC	168	$23	0.0%	$105.26	+28.7%	COM	37959E102
HDLMY	HEIDELBERG MATERIALS AG SPONSO	68	$4	0.0%	$47.07	—	ADR	42281P304
SAN	BANCO SANTANDER S.A. ADR	359	$4	0.0%	$10.48	—	ADR	05964H105
RTO	RENTOKIL INITIAL PLC SPONSORED	106	$3	0.0%	$24.93	—	ADR	760125104
SCL	STEPAN CO	1,190	$56	0.0%	$69.44	-34.0%	COM	858586100
SSMXY	SYSMEX CORP UNSPONSORED ADR	141	$1	0.0%	$19.44	—	ADR	87184P109
ASAZY	ASSA ABLOY AB ADR	174	$3	0.0%	$16.80	—	ADR	045387107
MRAAY	MURATA MANUFACTURING CO LTD UN	380	$4	0.0%	$9.83	—	ADR	626425102
TTDKY	TDK CORP AMERN DEP SH	810	$11	0.0%	$23.10	—	ADR	872351408
SYK	STRYKER CORPORATION	17	$6	0.0%	$340.46	+6.8%	COM	863667101
EXPGY	EXPERIAN PLC SPONSORED ADR	59	$3	0.0%	$50.20	—	ADR	30215C101
AAGIY	AIA GROUP LTD SPONSORED ADR	114	$5	0.0%	$28.82	—	ADR	001317205
AIQUY	AIR LIQUIDE ADR	76	$3	0.0%	$38.01	—	ADR	009126202
NSRGY	NESTLE S A SPONSORED ADR	40	$4	0.0%	$100.75	—	ADR	641069406
SNPHY	SANTEN PHARMACEUTICAL CO LTD A	286	$3	0.0%	$10.56	—	ADR	80287P100
RNGR	RANGER ENERGY SVCS INC COM CL	4,025	$56	0.0%	$11.85	+14.6%	COM	75282U104
DEO	DIAGEO PLC SPON ADR NEW	22	$2	0.0%	$140.32	—	ADR	25243Q205
CNQ	CANADIAN NAT RES LTD	102	$3	0.0%	$33.15	-2.2%	COM	136385101
SXYAY	SIKA AG UNSPONSORD ADR	96	$2	0.0%	$33.09	—	ADR	82674R103
TXRH	TEXAS ROADHOUSE INC	1,145	$190	0.0%	$175.68	-3.9%	COM	882681109
DIS	DISNEY WALT CO	218	$25	0.0%	$116.99	-6.4%	COM	254687106
SHECY	SHIN ETSU CHEMICAL CO LTD ADR	197	$3	0.0%	$17.71	—	ADR	824551105
COF	CAPITAL ONE FINANCIAL	5	$1	0.0%	$185.05	+20.1%	COM	14040H105
BNPQY	BNP PARIBAS SPONSORED ADR	79	$4	0.0%	$41.76	—	ADR	05565A202
ADDYY	ADIDAS AG ADR	18	$2	0.0%	$117.00	—	ADR	00687A107
TEZNY	TRASMISSIONE ELETTRICITA RETE	89	$3	0.0%	$27.05	—	ADR	88088L103
CTRA	COTERRA ENERGY INC	47	$1	0.0%	$23.53	+6.7%	COM	127097103
NVZMY	NOVONESIS (NOVOZYMES) B UNSPON	49	$3	0.0%	$69.14	—	ADR	670108109
RCRUY	RECRUIT HLDGS CO LTD UNSPONSOR	180	$2	0.0%	$12.13	—	ADR	75629J101
HVRRY	HANNOVER RUECK SE SPONSORED AD	60	$3	0.0%	$50.35	—	ADR	410693105
CNI	CANADIAN NATL RY CO	22	$2	0.0%	$100.61	-4.4%	COM	136375102
DNBBY	DNB BANK ASA SPONSORED	140	$4	0.0%	$20.51	—	ADR	23341C103
BFC	BANK FIRST CORP	178	$22	0.0%	$95.44	+33.0%	COM	06211J100
FTS	FORTIS INC	57	$3	0.0%	$40.60	+25.2%	COM	349553107
SBGSY	SCHNEIDER ELECTRIC SE UNSPONSO	60	$3	0.0%	$45.92	—	ADR	80687P106
BVVBY	BUREAU VERITAS SA UNSPONSORED	44	$3	0.0%	$66.30	—	ADR	12117P109
MSM	MSC INDUSTRIAL DIRECT CO-A	5	$0	0.0%	$81.78	+6.0%	COM	553530106
SNA	SNAP ON INC	3	$1	0.0%	$265.72	+28.1%	COM	833034101
BMI	BADGER METER INC	1	$0	0.0%	$198.39	-9.4%	COM	056525108