EVR Research LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GEF	GREIF INC	175,000	$11,848	6.4%	$62.20	0.0%	CL A	397624107
MEC	MAYVILLE ENGR CO INC	605,000	$11,326	6.1%	$16.31	0.0%	COM	578605107
DG	DOLLAR GEN CORP NEW	55,000	$7,302	3.9%	$111.51	0.0%	COM	256677105
NGVT	INGEVITY CORP	100,000	$5,918	3.2%	$54.27	0.0%	COM	45688C107
CE	CELANESE CORP DEL	137,000	$5,792	3.1%	$40.78	0.0%	COM	150870103
FND	FLOOR & DECOR HLDGS INC	85,000	$5,176	2.8%	$64.82	0.0%	CL A	339750101
SPSC	SPS COMM INC	40,000	$3,565	1.9%	$92.71	0.0%	COM	78463M107
SPT	SPROUT SOCIAL INC	300,000	$3,381	1.8%	$10.80	0.0%	COM CL A	85209W109
VRNS	VARONIS SYS INC	85,000	$2,788	1.5%	$41.98	0.0%	COM	922280102
NX	QUANEX BLDG PRODS CORP	130,000	$1,999	1.1%	$14.08	0.0%	COM	747619104
UNF	UNIFIRST CORP MASS	10,000	$1,929	1.0%	$168.52	0.0%	COM	904708104
RCAT	RED CAT HLDGS INC	215,000	$1,705	0.9%	$9.57	0.0%	COM	75644T100
CTRN	CITI TRENDS INC	30,000	$1,247	0.7%	$39.49	0.0%	COM	17306X102
NCMI	NATIONAL CINEMEDIA INC	100,000	$389	0.2%	$4.14	0.0%	COM NEW	635309206
RDW	REDWIRE CORPORATION	26,667	$203	0.1%	$7.34	0.0%	COM	75776W103

Increased Positions (14)

SON SONOCO PRODS CO 5.2%

Value ($000) $9,601 (+345.6%) Shares 220,000 (+340.0%) Est. Cost $42.12 Unrealized -2.3%

CPS COOPER STD HLDGS INC 6.6%

Value ($000) $12,311 (+90.5%) Shares 375,000 (+114.3%) Est. Cost $31.59 Unrealized +3.1%

AI C3 AI INC 4.4%

Value ($000) $8,093 (+151.8%) Shares 600,400 (+223.8%) Est. Cost $18.45 Unrealized -13.6%

NPK NATIONAL PRESTO INDS INC 4.3%

Value ($000) $8,007 (+74.1%) Shares 75,000 (+82.9%) Est. Cost $105.55 Unrealized -0.7%

TITN TITAN MACHY INC 3.8%

Value ($000) $6,994 (+67.1%) Shares 465,000 (+86.0%) Est. Cost $16.73 Unrealized -3.8%

GTES GATES INDL CORP PLC 2.0%

Value ($000) $3,650 (+194.1%) Shares 170,000 (+240.0%) Est. Cost $21.47 Unrealized +7.5%

MBC MASTERBRAND INC 1.2%

Value ($000) $2,208 (+570.6%) Shares 200,000 (+700.0%) Est. Cost $11.79 Unrealized -0.7%

WKC WORLD KINECT CORPORATION 9.4%

Value ($000) $17,338 (+11.4%) Shares 740,000 (+23.3%) Est. Cost $26.46 Unrealized -6.8%

SCHL SCHOLASTIC CORP 3.4%

Value ($000) $6,222 (+19.6%) Shares 210,000 (+10.5%) Est. Cost $27.35 Unrealized +4.0%

ARHS ARHAUS INC 0.9%

Value ($000) $1,682 (+58.2%) Shares 150,000 (+50.0%) Est. Cost $10.48 Unrealized -0.9%

TTGT TECHTARGET INC 3.4%

Value ($000) $6,292 (+7.2%) Shares 1,165,130 (+15.4%) Est. Cost $6.46 Unrealized -16.7%

AVD AMERICAN VANGUARD CORP 1.3%

Value ($000) $2,363 (+21.1%) Shares 618,657 (+82.0%) Est. Cost $4.59 Unrealized +1.9%

TWI TITAN INTL INC ILL 2.2%

Value ($000) $4,150 (+7.6%) Shares 530,000 (+3.9%) Est. Cost $8.14 Unrealized -3.7%

SENEA SENECA FOODS CORP NEW 1.4%

Value ($000) $2,544 (+12.3%) Shares 23,000 (+9.5%) Est. Cost $106.56 Unrealized +7.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SON	SONOCO PRODS CO	220,000 (+340.0%)	$9,601 (+345.6%)	5.2%	$42.12	-2.3%	COM	835495102
CPS	COOPER STD HLDGS INC	375,000 (+114.3%)	$12,311 (+90.5%)	6.6%	$31.59	+3.1%	COM	21676P103
AI	C3 AI INC	600,400 (+223.8%)	$8,093 (+151.8%)	4.4%	$18.45	-13.6%	CL A	12468P104
NPK	NATIONAL PRESTO INDS INC	75,000 (+82.9%)	$8,007 (+74.1%)	4.3%	$105.55	-0.7%	COM	637215104
TITN	TITAN MACHY INC	465,000 (+86.0%)	$6,994 (+67.1%)	3.8%	$16.73	-3.8%	COM	88830R101
GTES	GATES INDL CORP PLC	170,000 (+240.0%)	$3,650 (+194.1%)	2.0%	$21.47	+7.5%	ORD SHS	G39108108
MBC	MASTERBRAND INC	200,000 (+700.0%)	$2,208 (+570.6%)	1.2%	$11.79	-0.7%	COMMON STOCK	57638P104
WKC	WORLD KINECT CORPORATION	740,000 (+23.3%)	$17,338 (+11.4%)	9.4%	$26.46	-6.8%	COM	981475106
SCHL	SCHOLASTIC CORP	210,000 (+10.5%)	$6,222 (+19.6%)	3.4%	$27.35	+4.0%	COM	807066105
ARHS	ARHAUS INC	150,000 (+50.0%)	$1,682 (+58.2%)	0.9%	$10.48	-0.9%	COM CL A	04035M102
TTGT	TECHTARGET INC	1,165,130 (+15.4%)	$6,292 (+7.2%)	3.4%	$6.46	-16.7%	COM NEW	87874R308
AVD	AMERICAN VANGUARD CORP	618,657 (+82.0%)	$2,363 (+21.1%)	1.3%	$4.59	+1.9%	COM	030371108
TWI	TITAN INTL INC ILL	530,000 (+3.9%)	$4,150 (+7.6%)	2.2%	$8.14	-3.7%	COM	88830M102
SENEA	SENECA FOODS CORP NEW	23,000 (+9.5%)	$2,544 (+12.3%)	1.4%	$106.56	+7.3%	CL A	817070501

Exited Positions (8)

— PROS HOLDINGS INC 24.7%

Value ($000) $45,820 Shares 2,000,000 Est. Cost $17.59 Unrealized —

— JAMF HLDG CORP 6.9%

Value ($000) $12,840 Shares 1,200,000 Est. Cost $14.35 Unrealized —

GT GOODYEAR TIRE & RUBR CO 2.8%

Value ($000) $5,236 Shares 700,000 Est. Cost $10.59 Unrealized -25.6%

PRKS UNITED PARKS & RESORTS INC 2.8%

Value ($000) $5,170 Shares 100,000 Est. Cost $50.42 Unrealized -17.6%

MYE MYERS INDS INC 1.6%

Value ($000) $3,049 Shares 180,000 Est. Cost $13.57 Unrealized +30.1%

FTK FLOTEK INDS INC DEL 1.1%

Value ($000) $2,044 Shares 140,000 Est. Cost $12.64 Unrealized +25.6%

WNC WABASH NATL CORP 1.1%

Value ($000) $1,974 Shares 200,000 Est. Cost $10.50 Unrealized -17.6%

STHO STAR HLDGS 0.2%

Value ($000) $329 Shares 40,000 Est. Cost $13.10 Unrealized -41.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	PROS HOLDINGS INC	2,000,000	$45,820	24.7%	$17.59	—	—	74346Y103
—	JAMF HLDG CORP	1,200,000	$12,840	6.9%	$14.35	—	—	47074L105
GT	GOODYEAR TIRE & RUBR CO	700,000	$5,236	2.8%	$10.59	-25.6%	—	382550101
PRKS	UNITED PARKS & RESORTS INC	100,000	$5,170	2.8%	$50.42	-17.6%	—	81282V100
MYE	MYERS INDS INC	180,000	$3,049	1.6%	$13.57	+30.1%	—	628464109
FTK	FLOTEK INDS INC DEL	140,000	$2,044	1.1%	$12.64	+25.6%	—	343389409
WNC	WABASH NATL CORP	200,000	$1,974	1.1%	$10.50	-17.6%	—	929566107
STHO	STAR HLDGS	40,000	$329	0.2%	$13.10	-41.6%	—	85512G106

Decreased Positions (4)

WTTR SELECT WATER SOLUTIONS INC 2.8%

Value ($000) $5,260 (-45.3%) Shares 500,000 (-44.4%) Est. Cost $10.53 Unrealized —

NWL NEWELL BRANDS INC 0.8%

Value ($000) $1,488 (-52.7%) Shares 400,000 (-33.3%) Est. Cost $7.09 Unrealized -43.8%

DAN DANA INC 9.4%

Value ($000) $17,345 (+8.2%) Shares 730,000 (-8.8%) Est. Cost $14.28 Unrealized +47.8%

CCO CLEAR CHANNEL OUTDOOR HLDGS 2.8%

Value ($000) $5,194 (+31.5%) Shares 2,350,000 (-6.0%) Est. Cost $1.25 Unrealized +48.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WTTR	SELECT WATER SOLUTIONS INC	500,000 (-44.4%)	$5,260 (-45.3%)	2.8%	$10.53	—	CL A COM	81617J301
NWL	NEWELL BRANDS INC	400,000 (-33.3%)	$1,488 (-52.7%)	0.8%	$7.09	-43.8%	COM	651229106
DAN	DANA INC	730,000 (-8.8%)	$17,345 (+8.2%)	9.4%	$14.28	+47.8%	COM	235825205
CCO	CLEAR CHANNEL OUTDOOR HLDGS	2,350,000 (-6.0%)	$5,194 (+31.5%)	2.8%	$1.25	+48.8%	COM	18453H106