Sovereign's Capital Management, LLC Diversified Active

CIK: 0001911637 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $164,885 (100.0% shares, 0.0% debt)

Holdings (78)

New Positions (4)

FRMI FERMI INC 1.3%

Value ($000) $2,208 Shares 275,958 Est. Cost $19.51 Unrealized 0.0%

SITE SITEONE LANDSCAPE SUPPLY INC 0.6%

Value ($000) $1,071 Shares 8,600 Est. Cost $126.61 Unrealized 0.0%

QCOM QUALCOMM INC 0.3%

Value ($000) $484 Shares 2,832 Est. Cost $170.79 Unrealized 0.0%

SFM SPROUTS FMRS MKT INC 0.3%

Value ($000) $469 Shares 5,893 Est. Cost $89.72 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FRMI	FERMI INC	275,958	$2,208	1.3%	$19.51	0.0%	COM	314911108
SITE	SITEONE LANDSCAPE SUPPLY INC	8,600	$1,071	0.6%	$126.61	0.0%	COM	82982L103
QCOM	QUALCOMM INC	2,832	$484	0.3%	$170.79	0.0%	COM	747525103
SFM	SPROUTS FMRS MKT INC	5,893	$469	0.3%	$89.72	0.0%	COM	85208M102

Increased Positions (8)

SPSC SPS COMM INC 2.7%

Value ($000) $4,486 (+173.0%) Shares 50,327 (+219.0%) Est. Cost $109.45 Unrealized -15.3%

FISV FISERV INC 4.1%

Value ($000) $6,713 (+31.9%) Shares 99,946 (+153.1%) Est. Cost $117.89 Unrealized -28.9%

PAYC PAYCOM SOFTWARE INC 2.5%

Value ($000) $4,109 (+45.8%) Shares 25,786 (+90.4%) Est. Cost $191.69 Unrealized -7.7%

NSP INSPERITY INC 4.0%

Value ($000) $6,677 (+14.2%) Shares 172,444 (+45.2%) Est. Cost $56.85 Unrealized -30.6%

ALKT ALKAMI TECHNOLOGY INC 3.3%

Value ($000) $5,381 (+18.0%) Shares 233,263 (+27.1%) Est. Cost $32.09 Unrealized -31.3%

PCTY PAYLOCITY HLDG CORP 2.1%

Value ($000) $3,479 (+28.5%) Shares 22,814 (+34.2%) Est. Cost $180.23 Unrealized -17.4%

MOH MOLINA HEALTHCARE INC 4.6%

Value ($000) $7,511 (-3.4%) Shares 43,283 (+6.5%) Est. Cost $224.83 Unrealized -26.9%

LOPE GRAND CANYON ED INC 3.1%

Value ($000) $5,085 (-0.4%) Shares 30,573 (+31.5%) Est. Cost $162.22 Unrealized +11.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPSC	SPS COMM INC	50,327 (+219.0%)	$4,486 (+173.0%)	2.7%	$109.45	-15.3%	COM	78463M107
FISV	FISERV INC	99,946 (+153.1%)	$6,713 (+31.9%)	4.1%	$117.89	-28.9%	COM	337738108
PAYC	PAYCOM SOFTWARE INC	25,786 (+90.4%)	$4,109 (+45.8%)	2.5%	$191.69	-7.7%	COM	70432V102
NSP	INSPERITY INC	172,444 (+45.2%)	$6,677 (+14.2%)	4.0%	$56.85	-30.6%	COM	45778Q107
ALKT	ALKAMI TECHNOLOGY INC	233,263 (+27.1%)	$5,381 (+18.0%)	3.3%	$32.09	-31.3%	COM	01644J108
PCTY	PAYLOCITY HLDG CORP	22,814 (+34.2%)	$3,479 (+28.5%)	2.1%	$180.23	-17.4%	COM	70438V106
MOH	MOLINA HEALTHCARE INC	43,283 (+6.5%)	$7,511 (-3.4%)	4.6%	$224.83	-26.9%	COM	60855R100
LOPE	GRAND CANYON ED INC	30,573 (+31.5%)	$5,085 (-0.4%)	3.1%	$162.22	+11.5%	COM	38526M106

Exited Positions (4)

NHC NATIONAL HEALTHCARE CORP 2.0%

Value ($000) $3,358 Shares 27,639 Est. Cost $118.65 Unrealized +8.9%

RPC P10 INC 1.6%

Value ($000) $2,714 Shares 249,488 Est. Cost $12.09 Unrealized -16.1%

GSHD GOOSEHEAD INS INC 1.4%

Value ($000) $2,253 Shares 30,269 Est. Cost $108.87 Unrealized -34.6%

NEO NEOGENOMICS INC 0.2%

Value ($000) $316 Shares 40,974 Est. Cost $13.99 Unrealized -22.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NHC	NATIONAL HEALTHCARE CORP	27,639	$3,358	2.0%	$118.65	+8.9%	—	635906100
RPC	P10 INC	249,488	$2,714	1.6%	$12.09	-16.1%	—	69376K106
GSHD	GOOSEHEAD INS INC	30,269	$2,253	1.4%	$108.87	-34.6%	—	38267D109
NEO	NEOGENOMICS INC	40,974	$316	0.2%	$13.99	-22.9%	—	64049M209

Decreased Positions (63)

FOLD AMICUS THERAPEUTICS INC 6.8%

Value ($000) $11,178 (+70.0%) Shares 784,942 (-5.9%) Est. Cost $8.28 Unrealized +18.6%

NTAP NETAPP INC 0.5%

Value ($000) $883 (-78.3%) Shares 8,245 (-76.0%) Est. Cost $105.64 Unrealized +7.6%

HCSG HEALTHCARE SVCS GROUP INC 1.4%

Value ($000) $2,234 (-46.6%) Shares 116,856 (-53.0%) Est. Cost $13.56 Unrealized +32.7%

RPAY REPAY HLDGS CORP 1.8%

Value ($000) $2,958 (-35.4%) Shares 810,336 (-7.4%) Est. Cost $7.39 Unrealized -45.8%

VST VISTRA CORP 2.9%

Value ($000) $4,777 (-22.7%) Shares 29,611 (-6.1%) Est. Cost $146.33 Unrealized +24.3%

RMD RESMED INC 0.5%

Value ($000) $827 (-61.4%) Shares 3,435 (-56.2%) Est. Cost $236.35 Unrealized +8.1%

AFG AMERICAN FINL GROUP INC OHIO 2.5%

Value ($000) $4,201 (-21.8%) Shares 30,738 (-16.7%) Est. Cost $125.09 Unrealized +6.8%

APA APA CORPORATION 0.3%

Value ($000) $463 (-71.7%) Shares 18,926 (-71.9%) Est. Cost $21.17 Unrealized +14.0%

LCII LCI INDS 3.8%

Value ($000) $6,243 (+22.0%) Shares 51,454 (-6.3%) Est. Cost $102.97 Unrealized +2.7%

ADV ADVANTAGE SOLUTIONS INC 0.1%

Value ($000) $197 (-84.6%) Shares 223,629 (-73.2%) Est. Cost $3.01 Unrealized -61.5%

TSN TYSON FOODS INC 0.9%

Value ($000) $1,407 (-43.3%) Shares 24,002 (-47.5%) Est. Cost $57.77 Unrealized -5.5%

SMCI SUPER MICRO COMPUTER INC 0.9%

Value ($000) $1,430 (-42.6%) Shares 48,846 (-6.0%) Est. Cost $36.45 Unrealized +12.9%

CSCO CISCO SYS INC 1.8%

Value ($000) $2,917 (-25.3%) Shares 37,870 (-33.6%) Est. Cost $57.24 Unrealized +28.9%

ITT ITT INC 0.2%

Value ($000) $252 (-78.1%) Shares 1,455 (-77.5%) Est. Cost $148.09 Unrealized +21.0%

DVN DEVON ENERGY CORP NEW 0.3%

Value ($000) $487 (-64.5%) Shares 13,289 (-66.0%) Est. Cost $35.45 Unrealized -2.0%

PLOW DOUGLAS DYNAMICS INC 2.6%

Value ($000) $4,206 (-15.2%) Shares 128,823 (-18.8%) Est. Cost $25.25 Unrealized +25.3%

EME EMCOR GROUP INC 0.3%

Value ($000) $464 (-61.8%) Shares 758 (-59.5%) Est. Cost $436.25 Unrealized +48.4%

AJG GALLAGHER ARTHUR J & CO 1.7%

Value ($000) $2,866 (-20.6%) Shares 11,074 (-4.9%) Est. Cost $291.10 Unrealized -9.2%

FANG DIAMONDBACK ENERGY INC 0.3%

Value ($000) $474 (-60.9%) Shares 3,154 (-62.7%) Est. Cost $163.88 Unrealized -10.3%

ANET ARISTA NETWORKS INC 1.7%

Value ($000) $2,797 (-20.2%) Shares 21,344 (-11.3%) Est. Cost $101.68 Unrealized +35.4%

COKE COCA COLA CONS INC 0.7%

Value ($000) $1,151 (-37.8%) Shares 7,506 (-52.5%) Est. Cost $120.35 Unrealized +21.6%

PRI PRIMERICA INC 2.7%

Value ($000) $4,394 (-12.6%) Shares 17,008 (-6.1%) Est. Cost $281.88 Unrealized -7.5%

USPH U S PHYSICAL THERAPY 2.2%

Value ($000) $3,663 (-14.1%) Shares 46,905 (-6.5%) Est. Cost $74.54 Unrealized +8.9%

UPS UNITED PARCEL SERVICE INC 3.2%

Value ($000) $5,350 (+11.3%) Shares 53,933 (-6.3%) Est. Cost $98.20 Unrealized -5.5%

PGR PROGRESSIVE CORP 2.1%

Value ($000) $3,383 (-12.8%) Shares 14,856 (-5.5%) Est. Cost $234.03 Unrealized -9.3%

RJF RAYMOND JAMES FINL INC 1.8%

Value ($000) $3,031 (-12.7%) Shares 18,872 (-6.1%) Est. Cost $148.30 Unrealized +8.5%

APG API GROUP CORP 0.3%

Value ($000) $496 (-43.8%) Shares 12,956 (-49.5%) Est. Cost $24.60 Unrealized +50.3%

OPCH OPTION CARE HEALTH INC 3.0%

Value ($000) $5,012 (+7.1%) Shares 157,308 (-6.7%) Est. Cost $28.18 Unrealized +4.2%

HRB BLOCK H & R INC 0.6%

Value ($000) $1,016 (-22.9%) Shares 23,316 (-10.5%) Est. Cost $55.57 Unrealized -16.5%

CBRE CBRE GROUP INC 2.1%

Value ($000) $3,388 (-7.4%) Shares 21,073 (-9.2%) Est. Cost $131.63 Unrealized +19.4%

VRRM VERRA MOBILITY CORP 0.7%

Value ($000) $1,116 (-18.8%) Shares 49,813 (-10.6%) Est. Cost $24.54 Unrealized -6.9%

IEX IDEX CORP 0.1%

Value ($000) $203 (-55.4%) Shares 1,140 (-59.2%) Est. Cost $206.88 Unrealized -17.4%

USFD US FOODS HLDG CORP 0.3%

Value ($000) $495 (-33.3%) Shares 6,576 (-32.2%) Est. Cost $66.82 Unrealized +12.4%

MLR MILLER INDS INC TENN 0.7%

Value ($000) $1,160 (-17.3%) Shares 31,050 (-10.5%) Est. Cost $59.61 Unrealized -34.9%

GEF GREIF INC 2.6%

Value ($000) $4,244 (+5.9%) Shares 62,693 (-6.5%) Est. Cost $63.21 Unrealized -1.6%

JBHT HUNT J B TRANS SVCS INC 0.3%

Value ($000) $497 (-31.1%) Shares 2,557 (-52.4%) Est. Cost $171.42 Unrealized +0.1%

DIOD DIODES INC 0.6%

Value ($000) $1,006 (-17.1%) Shares 20,390 (-10.6%) Est. Cost $62.33 Unrealized -18.8%

FAST FASTENAL CO 0.3%

Value ($000) $550 (-26.8%) Shares 13,713 (-10.6%) Est. Cost $39.22 Unrealized +7.2%

ORLY OREILLY AUTOMOTIVE INC 0.4%

Value ($000) $581 (-24.2%) Shares 6,371 (-10.4%) Est. Cost $90.61 Unrealized +7.8%

KFRC KFORCE INC 0.3%

Value ($000) $453 (-28.7%) Shares 14,639 (-30.9%) Est. Cost $55.64 Unrealized -47.1%

WEST WESTROCK COFFEE CO 0.4%

Value ($000) $659 (-21.1%) Shares 162,033 (-5.8%) Est. Cost $6.67 Unrealized -34.4%

AZZ AZZ INC 0.7%

Value ($000) $1,115 (-12.2%) Shares 10,400 (-10.6%) Est. Cost $84.96 Unrealized +21.7%

QRVO QORVO INC 0.4%

Value ($000) $721 (-17.2%) Shares 8,536 (-10.7%) Est. Cost $80.06 Unrealized +10.2%

ERIE ERIE INDTY CO 0.4%

Value ($000) $611 (-19.2%) Shares 2,132 (-10.3%) Est. Cost $424.67 Unrealized -29.7%

ADP AUTOMATIC DATA PROCESSING IN 0.3%

Value ($000) $482 (-21.0%) Shares 1,875 (-9.9%) Est. Cost $290.96 Unrealized -9.0%

SAIC SCIENCE APPLICATIONS INTL CO 0.2%

Value ($000) $412 (-21.3%) Shares 4,093 (-22.3%) Est. Cost $126.41 Unrealized -24.5%

CPRT COPART INC 0.2%

Value ($000) $387 (-22.2%) Shares 9,891 (-10.6%) Est. Cost $56.72 Unrealized -26.9%

HUBS HUBSPOT INC 0.2%

Value ($000) $323 (-22.1%) Shares 805 (-9.2%) Est. Cost $632.75 Unrealized -34.5%

CME CME GROUP INC 0.5%

Value ($000) $797 (-9.1%) Shares 2,920 (-10.1%) Est. Cost $269.86 Unrealized +0.3%

CSW CSW INDUSTRIALS INC 0.7%

Value ($000) $1,092 (+7.8%) Shares 3,721 (-10.8%) Est. Cost $322.55 Unrealized -17.4%

SCHW SCHWAB CHARLES CORP 0.6%

Value ($000) $1,044 (-6.4%) Shares 10,447 (-10.5%) Est. Cost $75.73 Unrealized +25.1%

DAVA ENDAVA PLC 0.1%

Value ($000) $115 (-37.8%) Shares 18,219 (-10.5%) Est. Cost $24.42 Unrealized —

WCN WASTE CONNECTIONS INC 0.3%

Value ($000) $536 (-11.0%) Shares 3,058 (-10.8%) Est. Cost $183.00 Unrealized -5.6%

NEE NEXTERA ENERGY INC 0.7%

Value ($000) $1,192 (-4.9%) Shares 14,853 (-10.6%) Est. Cost $73.21 Unrealized +12.7%

JJSF J & J SNACK FOODS CORP 0.2%

Value ($000) $318 (-15.8%) Shares 3,521 (-10.4%) Est. Cost $151.66 Unrealized -40.6%

SBAC SBA COMMUNICATIONS CORP NEW 0.3%

Value ($000) $497 (-10.0%) Shares 2,571 (-10.0%) Est. Cost $221.04 Unrealized -12.8%

CPT CAMDEN PPTY TR 0.3%

Value ($000) $516 (-7.4%) Shares 4,688 (-10.2%) Est. Cost $113.93 Unrealized -9.5%

SPGI S&P GLOBAL INC 0.5%

Value ($000) $817 (-4.0%) Shares 1,564 (-10.6%) Est. Cost $496.65 Unrealized -0.5%

TFIN TRIUMPH FINANCIAL INC 1.6%

Value ($000) $2,589 (-1.1%) Shares 41,341 (-21.0%) Est. Cost $71.21 Unrealized -21.3%

LECO LINCOLN ELEC HLDGS INC 0.2%

Value ($000) $268 (-8.4%) Shares 1,119 (-9.9%) Est. Cost $200.50 Unrealized +18.1%

WMT WALMART INC 0.5%

Value ($000) $744 (-3.2%) Shares 6,681 (-10.4%) Est. Cost $88.05 Unrealized +21.7%

COLM COLUMBIA SPORTSWEAR CO 0.8%

Value ($000) $1,309 (-1.6%) Shares 23,762 (-6.6%) Est. Cost $80.15 Unrealized -33.6%

BDX BECTON DICKINSON & CO 0.2%

Value ($000) $283 (-6.8%) Shares 1,459 (-10.1%) Est. Cost $221.89 Unrealized -14.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FOLD	AMICUS THERAPEUTICS INC	784,942 (-5.9%)	$11,178 (+70.0%)	6.8%	$8.28	+18.6%	COM	03152W109
NTAP	NETAPP INC	8,245 (-76.0%)	$883 (-78.3%)	0.5%	$105.64	+7.6%	COM	64110D104
HCSG	HEALTHCARE SVCS GROUP INC	116,856 (-53.0%)	$2,234 (-46.6%)	1.4%	$13.56	+32.7%	COM	421906108
RPAY	REPAY HLDGS CORP	810,336 (-7.4%)	$2,958 (-35.4%)	1.8%	$7.39	-45.8%	COM CL A	76029L100
VST	VISTRA CORP	29,611 (-6.1%)	$4,777 (-22.7%)	2.9%	$146.33	+24.3%	COM	92840M102
RMD	RESMED INC	3,435 (-56.2%)	$827 (-61.4%)	0.5%	$236.35	+8.1%	COM	761152107
AFG	AMERICAN FINL GROUP INC OHIO	30,738 (-16.7%)	$4,201 (-21.8%)	2.5%	$125.09	+6.8%	COM	025932104
APA	APA CORPORATION	18,926 (-71.9%)	$463 (-71.7%)	0.3%	$21.17	+14.0%	COM	03743Q108
LCII	LCI INDS	51,454 (-6.3%)	$6,243 (+22.0%)	3.8%	$102.97	+2.7%	COM	50189K103
ADV	ADVANTAGE SOLUTIONS INC	223,629 (-73.2%)	$197 (-84.6%)	0.1%	$3.01	-61.5%	COM CL A	00791N102
TSN	TYSON FOODS INC	24,002 (-47.5%)	$1,407 (-43.3%)	0.9%	$57.77	-5.5%	CL A	902494103
SMCI	SUPER MICRO COMPUTER INC	48,846 (-6.0%)	$1,430 (-42.6%)	0.9%	$36.45	+12.9%	COM NEW	86800U302
CSCO	CISCO SYS INC	37,870 (-33.6%)	$2,917 (-25.3%)	1.8%	$57.24	+28.9%	COM	17275R102
ITT	ITT INC	1,455 (-77.5%)	$252 (-78.1%)	0.2%	$148.09	+21.0%	COM	45073V108
DVN	DEVON ENERGY CORP NEW	13,289 (-66.0%)	$487 (-64.5%)	0.3%	$35.45	-2.0%	COM	25179M103
PLOW	DOUGLAS DYNAMICS INC	128,823 (-18.8%)	$4,206 (-15.2%)	2.6%	$25.25	+25.3%	COM	25960R105
EME	EMCOR GROUP INC	758 (-59.5%)	$464 (-61.8%)	0.3%	$436.25	+48.4%	COM	29084Q100
AJG	GALLAGHER ARTHUR J & CO	11,074 (-4.9%)	$2,866 (-20.6%)	1.7%	$291.10	-9.2%	COM	363576109
FANG	DIAMONDBACK ENERGY INC	3,154 (-62.7%)	$474 (-60.9%)	0.3%	$163.88	-10.3%	COM	25278X109
ANET	ARISTA NETWORKS INC	21,344 (-11.3%)	$2,797 (-20.2%)	1.7%	$101.68	+35.4%	COM SHS	040413205
COKE	COCA COLA CONS INC	7,506 (-52.5%)	$1,151 (-37.8%)	0.7%	$120.35	+21.6%	COM	191098102
PRI	PRIMERICA INC	17,008 (-6.1%)	$4,394 (-12.6%)	2.7%	$281.88	-7.5%	COM	74164M108
USPH	U S PHYSICAL THERAPY	46,905 (-6.5%)	$3,663 (-14.1%)	2.2%	$74.54	+8.9%	COM	90337L108
UPS	UNITED PARCEL SERVICE INC	53,933 (-6.3%)	$5,350 (+11.3%)	3.2%	$98.20	-5.5%	CL B	911312106
PGR	PROGRESSIVE CORP	14,856 (-5.5%)	$3,383 (-12.8%)	2.1%	$234.03	-9.3%	COM	743315103
RJF	RAYMOND JAMES FINL INC	18,872 (-6.1%)	$3,031 (-12.7%)	1.8%	$148.30	+8.5%	COM	754730109
APG	API GROUP CORP	12,956 (-49.5%)	$496 (-43.8%)	0.3%	$24.60	+50.3%	COM STK	00187Y100
OPCH	OPTION CARE HEALTH INC	157,308 (-6.7%)	$5,012 (+7.1%)	3.0%	$28.18	+4.2%	COM NEW	68404L201
HRB	BLOCK H & R INC	23,316 (-10.5%)	$1,016 (-22.9%)	0.6%	$55.57	-16.5%	COM	093671105
CBRE	CBRE GROUP INC	21,073 (-9.2%)	$3,388 (-7.4%)	2.1%	$131.63	+19.4%	CL A	12504L109
VRRM	VERRA MOBILITY CORP	49,813 (-10.6%)	$1,116 (-18.8%)	0.7%	$24.54	-6.9%	CL A COM STK	92511U102
IEX	IDEX CORP	1,140 (-59.2%)	$203 (-55.4%)	0.1%	$206.88	-17.4%	COM	45167R104
USFD	US FOODS HLDG CORP	6,576 (-32.2%)	$495 (-33.3%)	0.3%	$66.82	+12.4%	COM	912008109
MLR	MILLER INDS INC TENN	31,050 (-10.5%)	$1,160 (-17.3%)	0.7%	$59.61	-34.9%	COM NEW	600551204
GEF	GREIF INC	62,693 (-6.5%)	$4,244 (+5.9%)	2.6%	$63.21	-1.6%	CL A	397624107
JBHT	HUNT J B TRANS SVCS INC	2,557 (-52.4%)	$497 (-31.1%)	0.3%	$171.42	+0.1%	COM	445658107
DIOD	DIODES INC	20,390 (-10.6%)	$1,006 (-17.1%)	0.6%	$62.33	-18.8%	COM	254543101
FAST	FASTENAL CO	13,713 (-10.6%)	$550 (-26.8%)	0.3%	$39.22	+7.2%	COM	311900104
ORLY	OREILLY AUTOMOTIVE INC	6,371 (-10.4%)	$581 (-24.2%)	0.4%	$90.61	+7.8%	COM	67103H107
KFRC	KFORCE INC	14,639 (-30.9%)	$453 (-28.7%)	0.3%	$55.64	-47.1%	COM	493732101
WEST	WESTROCK COFFEE CO	162,033 (-5.8%)	$659 (-21.1%)	0.4%	$6.67	-34.4%	COM	96145W103
AZZ	AZZ INC	10,400 (-10.6%)	$1,115 (-12.2%)	0.7%	$84.96	+21.7%	COM	002474104
QRVO	QORVO INC	8,536 (-10.7%)	$721 (-17.2%)	0.4%	$80.06	+10.2%	COM	74736K101
ERIE	ERIE INDTY CO	2,132 (-10.3%)	$611 (-19.2%)	0.4%	$424.67	-29.7%	CL A	29530P102
ADP	AUTOMATIC DATA PROCESSING IN	1,875 (-9.9%)	$482 (-21.0%)	0.3%	$290.96	-9.0%	COM	053015103
SAIC	SCIENCE APPLICATIONS INTL CO	4,093 (-22.3%)	$412 (-21.3%)	0.2%	$126.41	-24.5%	COM	808625107
CPRT	COPART INC	9,891 (-10.6%)	$387 (-22.2%)	0.2%	$56.72	-26.9%	COM	217204106
HUBS	HUBSPOT INC	805 (-9.2%)	$323 (-22.1%)	0.2%	$632.75	-34.5%	COM	443573100
CME	CME GROUP INC	2,920 (-10.1%)	$797 (-9.1%)	0.5%	$269.86	+0.3%	COM	12572Q105
CSW	CSW INDUSTRIALS INC	3,721 (-10.8%)	$1,092 (+7.8%)	0.7%	$322.55	-17.4%	COM	126402106
SCHW	SCHWAB CHARLES CORP	10,447 (-10.5%)	$1,044 (-6.4%)	0.6%	$75.73	+25.1%	COM	808513105
DAVA	ENDAVA PLC	18,219 (-10.5%)	$115 (-37.8%)	0.1%	$24.42	—	ADS	29260V105
WCN	WASTE CONNECTIONS INC	3,058 (-10.8%)	$536 (-11.0%)	0.3%	$183.00	-5.6%	COM	94106B101
NEE	NEXTERA ENERGY INC	14,853 (-10.6%)	$1,192 (-4.9%)	0.7%	$73.21	+12.7%	COM	65339F101
JJSF	J & J SNACK FOODS CORP	3,521 (-10.4%)	$318 (-15.8%)	0.2%	$151.66	-40.6%	COM	466032109
SBAC	SBA COMMUNICATIONS CORP NEW	2,571 (-10.0%)	$497 (-10.0%)	0.3%	$221.04	-12.8%	CL A	78410G104
CPT	CAMDEN PPTY TR	4,688 (-10.2%)	$516 (-7.4%)	0.3%	$113.93	-9.5%	SH BEN INT	133131102
SPGI	S&P GLOBAL INC	1,564 (-10.6%)	$817 (-4.0%)	0.5%	$496.65	-0.5%	COM	78409V104
TFIN	TRIUMPH FINANCIAL INC	41,341 (-21.0%)	$2,589 (-1.1%)	1.6%	$71.21	-21.3%	COM	89679E300
LECO	LINCOLN ELEC HLDGS INC	1,119 (-9.9%)	$268 (-8.4%)	0.2%	$200.50	+18.1%	COM	533900106
WMT	WALMART INC	6,681 (-10.4%)	$744 (-3.2%)	0.5%	$88.05	+21.7%	COM	931142103
COLM	COLUMBIA SPORTSWEAR CO	23,762 (-6.6%)	$1,309 (-1.6%)	0.8%	$80.15	-33.6%	COM	198516106
BDX	BECTON DICKINSON & CO	1,459 (-10.1%)	$283 (-6.8%)	0.2%	$221.89	-14.6%	COM	075887109

Unchanged Positions (3)

EEFT EURONET WORLDWIDE INC 2.6%

Value ($000) $4,208 Shares 55,290 Est. Cost $101.80 Unrealized -23.4%

TRIN TRINITY CAP INC 1.2%

Value ($000) $2,026 Shares 138,265 Est. Cost $11.64 Unrealized +21.1%

CSWC CAPITAL SOUTHWEST CORP 1.0%

Value ($000) $1,695 Shares 76,522 Est. Cost $19.95 Unrealized +2.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EEFT	EURONET WORLDWIDE INC	55,290	$4,208	2.6%	$101.80	-23.4%	COM	298736109
TRIN	TRINITY CAP INC	138,265	$2,026	1.2%	$11.64	+21.1%	COM	896442308
CSWC	CAPITAL SOUTHWEST CORP	76,522	$1,695	1.0%	$19.95	+2.5%	COM	140501107