# EDGAR Filing Document

**Accession Number:** 0001050470
**File Stem:** 0001050470-26-000004
**Filing Date:** 2026-5
**Character Count:** 92045
**Document Hash:** 439c1777d39612481b0d2dd82c18a2d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001050470-26-000004.hdr.sgml**: 20260511

**ACCESSION NUMBER**: 0001050470-26-000004

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260511

**DATE AS OF CHANGE**: 20260511

**EFFECTIVENESS DATE**: 20260511

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LSV ASSET MANAGEMENT
- **CENTRAL INDEX KEY:** 0001050470

**ORGANIZATION NAME:**
- **EIN:** 232772200
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06580
- **FILM NUMBER:** 26961768

**BUSINESS ADDRESS:**
- **STREET 1:** 155 NORTH WACKER DRIVE
- **STREET 2:** SUITE 4600
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-460-2443

**MAIL ADDRESS:**
- **STREET 1:** 155 NORTH WACKER DRIVE
- **STREET 2:** SUITE 4600
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** LSV ASSET MANAGEMENT<br>**Address:** 155 NORTH WACKER DRIVE<br>SUITE 4600<br>CHICAGO, IL 60606

**Form 13F File Number:** 028-06580

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Kevin Phelan<br>**Title:** Chief Operating Officer<br>**Phone:** 312-460-2443

**Signature, Place, and Date of Signing:**

Kevin Phelan  Chicago, IL  05-11-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 883

**Form 13F Information Table Value Total:** $46404641

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| WisdomTree Inc | COM | 97717P104 |  | 130 | 8900 | SH |  | SOLE | 0 | 8900 | 0 | 0 |
| Voya Financial Inc | COM | 929089100 |  | 71347 | 1044310 | SH |  | SOLE | 0 | 722860 | 0 | 321450 |
| Vale SA | COM | 91912E105 |  | 745 | 46822 | SH |  | SOLE | 0 | 46822 | 0 | 0 |
| United Parcel Service Inc | COM | 911312106 |  | 689 | 7000 | SH |  | SOLE | 0 | 7000 | 0 | 0 |
| Tri Pointe Homes Inc | COM | 87265H109 |  | 57282 | 1225800 | SH |  | SOLE | 0 | 881400 | 0 | 344400 |
| Tennant Co | COM | 880345103 |  | 5398 | 81300 | SH |  | SOLE | 0 | 36200 | 0 | 45100 |
| Synaptics Inc | COM | 87157D109 |  | 343 | 4900 | SH |  | SOLE | 0 | 4900 | 0 | 0 |
| Sonoco Products Co | COM | 835495102 |  | 112859 | 2086499 | SH |  | SOLE | 0 | 880268 | 0 | 1206231 |
| Signet Jewelers Ltd | COM | G81276100 |  | 98705 | 1166180 | SH |  | SOLE | 0 | 725980 | 0 | 440200 |
| SandRidge Energy Inc | COM | 80007P869 |  | 7694 | 471711 | SH |  | SOLE | 0 | 270275 | 0 | 201436 |
| RenaissanceRe Holdings Ltd | COM | G7496G103 |  | 14047 | 47260 | SH |  | SOLE | 0 | 27760 | 0 | 19500 |
| Quad/Graphics Inc | COM | 747301109 |  | 8816 | 1333701 | SH |  | SOLE | 0 | 743501 | 0 | 590200 |
| Prestige Consumer Healthcare Inc | COM | 74112D101 |  | 415 | 7000 | SH |  | SOLE | 0 | 5100 | 0 | 1900 |
| Phillips 66 | COM | 718546104 |  | 144031 | 790599 | SH |  | SOLE | 0 | 570478 | 0 | 220121 |
| Peabody Energy Corp | COM | 704551100 |  | 17938 | 544400 | SH |  | SOLE | 0 | 405800 | 0 | 138600 |
| Oshkosh Corp | COM | 688239201 |  | 292749 | 1988650 | SH |  | SOLE | 0 | 1263113 | 0 | 725537 |
| Oaktree Specialty Lending Corp | COM | 67401P405 |  | 1582 | 139966 | SH |  | SOLE | 0 | 50666 | 0 | 89300 |
| NewtekOne Inc | COM | 652526203 |  | 1319 | 120500 | SH |  | SOLE | 0 | 65300 | 0 | 55200 |
| Murphy Oil Corp | COM | 626717102 |  | 34248 | 830255 | SH |  | SOLE | 0 | 467194 | 0 | 363061 |
| MiMedx Group Inc | COM | 602496101 |  | 210 | 53119 | SH |  | SOLE | 0 | 43219 | 0 | 9900 |
| Meridian Corp | COM | 58958P104 |  | 1275 | 67256 | SH |  | SOLE | 0 | 45656 | 0 | 21600 |
| ManpowerGroup Inc | COM | 56418H100 |  | 31214 | 1059539 | SH |  | SOLE | 0 | 607521 | 0 | 452018 |
| Lifetime Brands Inc | COM | 53222Q103 |  | 428 | 74600 | SH |  | SOLE | 0 | 56600 | 0 | 18000 |
| Kimball Electronics Inc | COM | 49428J109 |  | 476 | 20100 | SH |  | SOLE | 0 | 15700 | 0 | 4400 |
| JBS NV | COM | N4732M103 |  | 24474 | 1362700 | SH |  | SOLE | 0 | 715500 | 0 | 647200 |
| Inspired Entertainment Inc | COM | 45782N108 |  | 204 | 28600 | SH |  | SOLE | 0 | 14700 | 0 | 13900 |
| Hudson Technologies Inc | COM | 444144109 |  | 20 | 3400 | SH |  | SOLE | 0 | 3400 | 0 | 0 |
| Hello Group Inc | COM | 423403104 |  | 19839 | 3444271 | SH |  | SOLE | 0 | 2545755 | 0 | 898516 |
| HAMILTON BEACH BRANDS HOLD-B | COM | 40701T203 |  | 23 | 1196 | SH |  | SOLE | 0 | 0 | 0 | 1196 |
| Goldman Sachs BDC Inc | COM | 38147U107 |  | 63 | 7100 | SH |  | SOLE | 0 | 7100 | 0 | 0 |
| Gen Digital Inc | COM | 668771108 |  | 167421 | 8891175 | SH |  | SOLE | 0 | 5421399 | 0 | 3469776 |
| FNB Corp/PA | COM | 302520101 |  | 29701 | 1776400 | SH |  | SOLE | 0 | 1237300 | 0 | 539100 |
| Fidelity D Bancorp Inc | COM | 31609R100 |  | 24 | 566 | SH |  | SOLE | 0 | 266 | 0 | 300 |
| Evergy Inc | COM | 30034W106 |  | 414 | 5056 | SH |  | SOLE | 0 | 0 | 0 | 5056 |
| Encore Capital Group Inc | COM | 292554102 |  | 147 | 2100 | SH |  | SOLE | 0 | 2100 | 0 | 0 |
| DR Horton Inc | COM | 23331A109 |  | 810 | 5900 | SH |  | SOLE | 0 | 5900 | 0 | 0 |
| Devon Energy Corp | COM | 25179M103 |  | 22760 | 452314 | SH |  | SOLE | 0 | 422614 | 0 | 29700 |
| Crown Holdings Inc | COM | 228368106 |  | 131538 | 1312097 | SH |  | SOLE | 0 | 801810 | 0 | 510287 |
| Core Molding Technologies Inc | COM | 218683100 |  | 1072 | 47872 | SH |  | SOLE | 0 | 31472 | 0 | 16400 |
| Cognizant Technology Solutions Corp | COM | 192446102 |  | 127153 | 2072590 | SH |  | SOLE | 0 | 837245 | 0 | 1235345 |
| Cigna Group/The | COM | 125523100 |  | 143175 | 536737 | SH |  | SOLE | 0 | 326650 | 0 | 210087 |
| CBL  Associates Properties Inc | COM | 124830878 |  | 2932 | 76300 | SH |  | SOLE | 0 | 70200 | 0 | 6100 |
| Campbell's Company/The | COM | 134429109 |  | 103264 | 4636904 | SH |  | SOLE | 0 | 2891900 | 0 | 1745004 |
| Broadstone Net Lease Inc | COM | 11135E203 |  | 38488 | 2106600 | SH |  | SOLE | 0 | 1272500 | 0 | 834100 |
| BlueLinx Holdings Inc | COM | 09624H208 |  | 2465 | 45500 | SH |  | SOLE | 0 | 24700 | 0 | 20800 |
| BCB Bancorp Inc | COM | 055298103 |  | 479 | 53300 | SH |  | SOLE | 0 | 37700 | 0 | 15600 |
| Ball Corp | COM | 058498106 |  | 3145 | 53200 | SH |  | SOLE | 0 | 37700 | 0 | 15500 |
| Arrow Financial Corp | COM | 042744102 |  | 356 | 10600 | SH |  | SOLE | 0 | 10600 | 0 | 0 |
| Angi Inc | COM | 00183L201 |  | 4739 | 691800 | SH |  | SOLE | 0 | 475400 | 0 | 216400 |
| Altria Group Inc | COM | 02209S103 |  | 394933 | 5984735 | SH |  | SOLE | 0 | 4076181 | 0 | 1908554 |
| AerCap Holdings NV | COM | N00985106 |  | 60692 | 442428 | SH |  | SOLE | 0 | 304600 | 0 | 137828 |
| A10 Networks Inc | COM | 002121101 |  | 240 | 10400 | SH |  | SOLE | 0 | 10400 | 0 | 0 |
| Zoom Communications Inc | COM | 98980L101 |  | 94784 | 1179049 | SH |  | SOLE | 0 | 618555 | 0 | 560494 |
| WhiteHorse Finance Inc | COM | 96524V106 |  | 73 | 9900 | SH |  | SOLE | 0 | 9900 | 0 | 0 |
| Vistance Networks Inc | COM | 20337X109 |  | 3327 | 182800 | SH |  | SOLE | 0 | 127300 | 0 | 55500 |
| US Bancorp | COM | 902973304 |  | 24361 | 468400 | SH |  | SOLE | 0 | 417300 | 0 | 51100 |
| United Airlines Holdings Inc | COM | 910047109 |  | 237654 | 2581229 | SH |  | SOLE | 0 | 1721419 | 0 | 859810 |
| Travel Leisure Co | COM | 894164102 |  | 113398 | 1638937 | SH |  | SOLE | 0 | 1034900 | 0 | 604037 |
| Tenable Holdings Inc | COM | 88025T102 |  | 223 | 13200 | SH |  | SOLE | 0 | 13200 | 0 | 0 |
| SunCoke Energy Inc | COM | 86722A103 |  | 20697 | 3179331 | SH |  | SOLE | 0 | 1826983 | 0 | 1352348 |
| Softbrands Inc ACQUIRED | COM | 83402A990 |  | 0 | 40 | SH |  | SOLE | 0 | 40 | 0 | 0 |
| Shutterstock Inc | COM | 825690100 |  | 27681 | 1666506 | SH |  | SOLE | 0 | 864145 | 0 | 802361 |
| Salesforce Inc | COM | 79466L302 |  | 230332 | 1233900 | SH |  | SOLE | 0 | 732820 | 0 | 501080 |
| Regions Financial Corp | COM | 7591EP100 |  | 235740 | 9025259 | SH |  | SOLE | 0 | 6150773 | 0 | 2874486 |
| Puma Biotechnology Inc | COM | 74587V107 |  | 7559 | 1182868 | SH |  | SOLE | 0 | 743347 | 0 | 439521 |
| PPG Industries Inc | COM | 693506107 |  | 374 | 3500 | SH |  | SOLE | 0 | 3500 | 0 | 0 |
| Pfizer Inc | COM | 717081103 |  | 485523 | 17290693 | SH |  | SOLE | 0 | 10536200 | 0 | 6754493 |
| PayPal Holdings Inc | COM | 70450Y103 |  | 171949 | 3801655 | SH |  | SOLE | 0 | 2455505 | 0 | 1346150 |
| Organon  Co | COM | 68622V106 |  | 43486 | 7259730 | SH |  | SOLE | 0 | 4133640 | 0 | 3126090 |
| NWPX Infrastructure Inc | COM | 667746101 |  | 14433 | 185365 | SH |  | SOLE | 0 | 140905 | 0 | 44460 |
| Newell Brands Inc | COM | 651229106 |  | 116 | 33800 | SH |  | SOLE | 0 | 14500 | 0 | 19300 |
| MSCI Inc | COM | 55354G100 |  | 86 | 160 | SH |  | SOLE | 0 | 160 | 0 | 0 |
| MillerKnoll Inc | COM | 600544100 |  | 20210 | 1397646 | SH |  | SOLE | 0 | 981646 | 0 | 416000 |
| Mercantile Bank Corp | COM | 587376104 |  | 14301 | 283186 | SH |  | SOLE | 0 | 199286 | 0 | 83900 |
| Macy's Inc | COM | 55616P104 |  | 118894 | 6572367 | SH |  | SOLE | 0 | 4288467 | 0 | 2283900 |
| Lear Corp | COM | 521865204 |  | 88410 | 730181 | SH |  | SOLE | 0 | 402323 | 0 | 327858 |
| Kewaunee Scientific Corp | COM | 492854104 |  | 58 | 1700 | SH |  | SOLE | 0 | 1700 | 0 | 0 |
| JAKKS Pacific Inc | COM | 47012E403 |  | 2514 | 126200 | SH |  | SOLE | 0 | 49300 | 0 | 76900 |
| Innovative Industrial Properties Inc | COM | 45781V101 |  | 5327 | 106200 | SH |  | SOLE | 0 | 65100 | 0 | 41100 |
| HQ Sustainable Maritime Industries Inc | COM | 40426A208 |  | 0 | 2100 | SH |  | SOLE | 0 | 2100 | 0 | 0 |
| Healthcare Realty Trust Inc | COM | 42226K105 |  | 2234 | 131500 | SH |  | SOLE | 0 | 131500 | 0 | 0 |
| Hackett Group Inc/The | COM | 404609109 |  | 1559 | 119800 | SH |  | SOLE | 0 | 14300 | 0 | 105500 |
| Globaltrans Investment PLC | COM | 37949E204 |  | 0 | 82300 | SH |  | SOLE | 0 | 5800 | 0 | 76500 |
| Garrett Motion Inc | COM | 366505105 |  | 131829 | 7255309 | SH |  | SOLE | 0 | 4666700 | 0 | 2588609 |
| Five9 Inc | COM | 338307101 |  | 802 | 52900 | SH |  | SOLE | 0 | 40100 | 0 | 12800 |
| FedEx Corp | COM | 31428X106 |  | 393709 | 1105365 | SH |  | SOLE | 0 | 722446 | 0 | 382919 |
| Euronet Worldwide Inc | COM | 298736109 |  | 989 | 14900 | SH |  | SOLE | 0 | 14900 | 0 | 0 |
| EMCOR Group Inc | COM | 29084Q100 |  | 221 | 300 | SH |  | SOLE | 0 | 300 | 0 | 0 |
| Dollar Tree Inc | COM | 256746108 |  | 5114 | 46700 | SH |  | SOLE | 0 | 27600 | 0 | 19100 |
| Dell Technologies Inc | COM | 24703L202 |  | 463059 | 2821292 | SH |  | SOLE | 0 | 1791740 | 0 | 1029552 |
| Crescent Capital BDC Inc | COM | 225655109 |  | 89 | 7300 | SH |  | SOLE | 0 | 7300 | 0 | 0 |
| Consensus Cloud Solutions Inc | COM | 20848V105 |  | 17294 | 728485 | SH |  | SOLE | 0 | 418656 | 0 | 309829 |
| CNO Financial Group Inc | COM | 12621E103 |  | 129546 | 3155032 | SH |  | SOLE | 0 | 2066270 | 0 | 1088762 |
| Chord Energy Corp | COM | 674215207 |  | 28294 | 199000 | SH |  | SOLE | 0 | 148800 | 0 | 50200 |
| Catalyst Pharmaceuticals Inc | COM | 14888U101 |  | 15091 | 609500 | SH |  | SOLE | 0 | 301400 | 0 | 308100 |
| Callaway Golf Co | COM | 131193104 |  | 137 | 9900 | SH |  | SOLE | 0 | 9900 | 0 | 0 |
| Bristow Group Inc | COM | 11040G103 |  | 2156 | 45974 | SH |  | SOLE | 0 | 41593 | 0 | 4381 |
| Bloomin' Brands Inc | COM | 094235108 |  | 15654 | 2898939 | SH |  | SOLE | 0 | 1802522 | 0 | 1096417 |
| Bath  Body Works Inc | COM | 070830104 |  | 3192 | 170966 | SH |  | SOLE | 0 | 49966 | 0 | 121000 |
| Axis Capital Holdings Ltd | COM | G0692U109 |  | 72792 | 717800 | SH |  | SOLE | 0 | 420900 | 0 | 296900 |
| Ares Capital Corp | COM | 04010L103 |  | 9805 | 544100 | SH |  | SOLE | 0 | 455900 | 0 | 88200 |
| Amneal Pharmaceuticals Inc | COM | 03168L105 |  | 2452 | 197300 | SH |  | SOLE | 0 | 197300 | 0 | 0 |
| Alphabet Inc | COM | 02079K107 |  | 19142 | 66730 | SH |  | SOLE | 0 | 66730 | 0 | 0 |
| Adobe Inc | COM | 00724F101 |  | 242944 | 999442 | SH |  | SOLE | 0 | 551270 | 0 | 448172 |
| Ziff Davis Inc | COM | 48123V102 |  | 39166 | 933421 | SH |  | SOLE | 0 | 413300 | 0 | 520121 |
| Western Union Co/The | COM | 959802109 |  | 87455 | 10017734 | SH |  | SOLE | 0 | 5617335 | 0 | 4400399 |
| Vipshop Holdings Ltd | COM | 92763W103 |  | 97083 | 6175749 | SH |  | SOLE | 0 | 4158266 | 0 | 2017483 |
| Upbound Group Inc | COM | 76009N100 |  | 41755 | 2313279 | SH |  | SOLE | 0 | 1297223 | 0 | 1016056 |
| Ulta Beauty Inc | COM | 90384S303 |  | 209 | 400 | SH |  | SOLE | 0 | 400 | 0 | 0 |
| TotalEnergies SE | COM | F92124100 |  | 2466 | 27100 | SH |  | SOLE | 0 | 5100 | 0 | 22000 |
| Teekay Corp Ltd | COM | G8726T105 |  | 1535 | 125736 | SH |  | SOLE | 0 | 110836 | 0 | 14900 |
| Strawberry Fields REIT Inc | COM | 863182101 |  | 208 | 17500 | SH |  | SOLE | 0 | 17500 | 0 | 0 |
| SM Energy Co | COM | 78454L100 |  | 7256 | 232701 | SH |  | SOLE | 0 | 123400 | 0 | 109301 |
| Shoals Technologies Group Inc | COM | 82489W107 |  | 279 | 42400 | SH |  | SOLE | 0 | 42400 | 0 | 0 |
| S Global Inc. | COM | 78409V104 |  | 213 | 500 | SH |  | SOLE | 0 | 500 | 0 | 0 |
| Redwood Trust Inc | COM | 758075402 |  | 10408 | 1855261 | SH |  | SOLE | 0 | 1280977 | 0 | 574284 |
| Prudential Financial Inc | COM | 744320102 |  | 37012 | 378870 | SH |  | SOLE | 0 | 157600 | 0 | 221270 |
| Popular Inc | COM | 733174700 |  | 146546 | 1092238 | SH |  | SOLE | 0 | 608038 | 0 | 484200 |
| Perdoceo Education Corp | COM | 71363P106 |  | 63643 | 1710381 | SH |  | SOLE | 0 | 969600 | 0 | 740781 |
| Park-Ohio Holdings Corp | COM | 700666100 |  | 3412 | 141912 | SH |  | SOLE | 0 | 45861 | 0 | 96051 |
| OP Bancorp | COM | 67109R109 |  | 870 | 65400 | SH |  | SOLE | 0 | 52200 | 0 | 13200 |
| NRG Energy Inc | COM | 629377508 |  | 994 | 6800 | SH |  | SOLE | 0 | 6800 | 0 | 0 |
| New Jersey Resources Corp | COM | 646025106 |  | 1723 | 31380 | SH |  | SOLE | 0 | 11880 | 0 | 19500 |
| Motorcar Parts of America Inc | COM | 620071100 |  | 102 | 9200 | SH |  | SOLE | 0 | 0 | 0 | 9200 |
| MidCap Financial Investment Corp | COM | 03761U502 |  | 1080 | 96100 | SH |  | SOLE | 0 | 59500 | 0 | 36600 |
| Medallion Financial Corp | COM | 583928106 |  | 476 | 55600 | SH |  | SOLE | 0 | 42400 | 0 | 13200 |
| Lyft Inc | COM | 55087P104 |  | 32648 | 2454735 | SH |  | SOLE | 0 | 1474316 | 0 | 980419 |
| Ladder Capital Corp | COM | 505743104 |  | 5157 | 527800 | SH |  | SOLE | 0 | 138700 | 0 | 389100 |
| Kelly Services Inc | COM | 488152208 |  | 4581 | 517629 | SH |  | SOLE | 0 | 230700 | 0 | 286929 |
| Jabil Inc | COM | 466313103 |  | 142249 | 535515 | SH |  | SOLE | 0 | 349915 | 0 | 185600 |
| Ingles Markets Inc | COM | 457030104 |  | 746 | 8300 | SH |  | SOLE | 0 | 6200 | 0 | 2100 |
| Horizon Bancorp | COM | 440407104 |  | 478 | 28836 | SH |  | SOLE | 0 | 15445 | 0 | 13391 |
| Haverty Furniture Cos Inc | COM | 419596101 |  | 10068 | 475370 | SH |  | SOLE | 0 | 241470 | 0 | 233900 |
| GSK PLC | COM | 37733W204 |  | 1380 | 25000 | SH |  | SOLE | 0 | 7300 | 0 | 17700 |
| Gladstone Commercial Corp | COM | 376536108 |  | 3338 | 292000 | SH |  | SOLE | 0 | 178000 | 0 | 114000 |
| G-III Apparel Group Ltd | COM | 36237H101 |  | 36884 | 1331538 | SH |  | SOLE | 0 | 763838 | 0 | 567700 |
| First Merchants Corp | COM | 320817109 |  | 28 | 715 | SH |  | SOLE | 0 | 0 | 0 | 715 |
| Farmers  Merchants Bancorp Inc/Archbold OH | COM | 30779N105 |  | 105 | 4095 | SH |  | SOLE | 0 | 4095 | 0 | 0 |
| Essent Group Ltd | COM | G3198U102 |  | 27396 | 468790 | SH |  | SOLE | 0 | 300890 | 0 | 167900 |
| Electronic Arts Inc | COM | 285512109 |  | 6383 | 31310 | SH |  | SOLE | 0 | 31210 | 0 | 100 |
| Dolby Laboratories Inc | COM | 25659T107 |  | 1688 | 28100 | SH |  | SOLE | 0 | 11000 | 0 | 17100 |
| DaVita Inc | COM | 23918K108 |  | 143094 | 931058 | SH |  | SOLE | 0 | 605069 | 0 | 325989 |
| CPI Card Group Inc | COM | 12634H200 |  | 1336 | 92100 | SH |  | SOLE | 0 | 55580 | 0 | 36520 |
| CONMED Corp | COM | 207410101 |  | 460 | 13000 | SH |  | SOLE | 0 | 9500 | 0 | 3500 |
| CNA Financial Corp | COM | 126117100 |  | 12173 | 265100 | SH |  | SOLE | 0 | 246300 | 0 | 18800 |
| Chimera Investment Corp | COM | 16934Q802 |  | 16042 | 1278218 | SH |  | SOLE | 0 | 658418 | 0 | 619800 |
| Carriage Services Inc | COM | 143905107 |  | 24964 | 546727 | SH |  | SOLE | 0 | 266450 | 0 | 280277 |
| Cabot Corp | COM | 127055101 |  | 44636 | 592700 | SH |  | SOLE | 0 | 422800 | 0 | 169900 |
| Brink's Co/The | COM | 109696104 |  | 139156 | 1342816 | SH |  | SOLE | 0 | 817328 | 0 | 525488 |
| Blackbaud Inc | COM | 09227Q100 |  | 181 | 4700 | SH |  | SOLE | 0 | 4700 | 0 | 0 |
| Bar Harbor Bankshares | COM | 066849100 |  | 3354 | 103350 | SH |  | SOLE | 0 | 98650 | 0 | 4700 |
| Avista Corp | COM | 05379B107 |  | 20717 | 516108 | SH |  | SOLE | 0 | 257132 | 0 | 258976 |
| Archer-Daniels-Midland Co | COM | 039483102 |  | 125363 | 1724632 | SH |  | SOLE | 0 | 1045069 | 0 | 679563 |
| Ameriprise Financial Inc | COM | 03076C106 |  | 133968 | 301458 | SH |  | SOLE | 0 | 205920 | 0 | 95538 |
| Allison Transmission Holdings Inc | COM | 01973R101 |  | 249402 | 2130551 | SH |  | SOLE | 0 | 1356197 | 0 | 774354 |
| Adamas Trust Inc | COM | 649604840 |  | 378 | 51300 | SH |  | SOLE | 0 | 38600 | 0 | 12700 |
| Xperi Inc | COM | 98423J101 |  | 228 | 40800 | SH |  | SOLE | 0 | 31000 | 0 | 9800 |
| WesBanco Inc | COM | 950810101 |  | 859 | 24918 | SH |  | SOLE | 0 | 0 | 0 | 24918 |
| Victoria's Secret  Co | COM | 926400102 |  | 7594 | 163800 | SH |  | SOLE | 0 | 95300 | 0 | 68500 |
| Universal Insurance Holdings Inc | COM | 91359V107 |  | 9387 | 274800 | SH |  | SOLE | 0 | 148200 | 0 | 126600 |
| Twilio Inc | COM | 90138F102 |  | 2446 | 19440 | SH |  | SOLE | 0 | 19440 | 0 | 0 |
| Toll Brothers Inc | COM | 889478103 |  | 111818 | 819359 | SH |  | SOLE | 0 | 488500 | 0 | 330859 |
| Taylor Morrison Home Corp | COM | 87724P106 |  | 1741 | 29900 | SH |  | SOLE | 0 | 21200 | 0 | 8700 |
| Steel Dynamics Inc | COM | 858119100 |  | 128662 | 714790 | SH |  | SOLE | 0 | 525120 | 0 | 189670 |
| Skyworks Solutions Inc | COM | 83088M102 |  | 102049 | 1905678 | SH |  | SOLE | 0 | 1192301 | 0 | 713377 |
| Service Properties Trust | COM | 81761L102 |  | 2777 | 2049430 | SH |  | SOLE | 0 | 1369330 | 0 | 680100 |
| Rocky Brands Inc | COM | 774515100 |  | 5434 | 140344 | SH |  | SOLE | 0 | 81844 | 0 | 58500 |
| RBB Bancorp | COM | 74930B105 |  | 4026 | 188400 | SH |  | SOLE | 0 | 119800 | 0 | 68600 |
| Prospect Capital Corp | COM | 74348T102 |  | 1399 | 535835 | SH |  | SOLE | 0 | 282302 | 0 | 253533 |
| Playtika Holding Corp | COM | 72815L107 |  | 12105 | 4354425 | SH |  | SOLE | 0 | 2862301 | 0 | 1492124 |
| Peoples Bancorp Inc/OH | COM | 709789101 |  | 4376 | 133116 | SH |  | SOLE | 0 | 107094 | 0 | 26022 |
| Par Pacific Holdings Inc | COM | 69888T207 |  | 29515 | 471191 | SH |  | SOLE | 0 | 297891 | 0 | 173300 |
| OneMain Holdings Inc | COM | 68268W103 |  | 4702 | 87900 | SH |  | SOLE | 0 | 81100 | 0 | 6800 |
| Northwest Natural Holding Co | COM | 66765N105 |  | 3576 | 67200 | SH |  | SOLE | 0 | 46100 | 0 | 21100 |
| NCR Atleos Corp | COM | 63001N106 |  | 39283 | 901399 | SH |  | SOLE | 0 | 432749 | 0 | 468650 |
| Morgan Stanley | COM | 617446448 |  | 3999 | 24302 | SH |  | SOLE | 0 | 24302 | 0 | 0 |
| Micron Technology Inc | COM | 595112103 |  | 205868 | 609365 | SH |  | SOLE | 0 | 319125 | 0 | 290240 |
| Mattel Inc | COM | 577081102 |  | 90644 | 6238390 | SH |  | SOLE | 0 | 3910068 | 0 | 2328322 |
| Lowe`s Companies Inc. | COM | 548661107 |  | 260 | 1100 | SH |  | SOLE | 0 | 1100 | 0 | 0 |
| Kroger Co/The | COM | 501044101 |  | 479917 | 6632349 | SH |  | SOLE | 0 | 4346869 | 0 | 2285480 |
| Kaspi.KZ JSC | COM | 48581R205 |  | 556 | 7500 | SH |  | SOLE | 0 | 7500 | 0 | 0 |
| Ironwood Pharmaceuticals Inc | COM | 46333X108 |  | 1082 | 308271 | SH |  | SOLE | 0 | 99971 | 0 | 208300 |
| Industrial Logistics Properties Trust | COM | 456237106 |  | 6427 | 1131580 | SH |  | SOLE | 0 | 608906 | 0 | 522674 |
| Honda Motor Co Ltd | COM | 438128308 |  | 4635 | 190680 | SH |  | SOLE | 0 | 38500 | 0 | 152180 |
| Harmony Biosciences Holdings Inc | COM | 413197104 |  | 56724 | 2025143 | SH |  | SOLE | 0 | 1270392 | 0 | 754751 |
| Greenbrier Cos Inc/The | COM | 393657101 |  | 41399 | 786311 | SH |  | SOLE | 0 | 414721 | 0 | 371590 |
| Getty Realty Corp | COM | 374297109 |  | 7723 | 242870 | SH |  | SOLE | 0 | 193970 | 0 | 48900 |
| FS Bancorp Inc | COM | 30263Y104 |  | 722 | 18700 | SH |  | SOLE | 0 | 15600 | 0 | 3100 |
| First Financial Bancorp | COM | 320209109 |  | 7651 | 274410 | SH |  | SOLE | 0 | 128603 | 0 | 145807 |
| F Annuities  Life Inc | COM | 30190A104 |  | 658 | 26000 | SH |  | SOLE | 0 | 26000 | 0 | 0 |
| ePlus Inc | COM | 294268107 |  | 497 | 6600 | SH |  | SOLE | 0 | 2600 | 0 | 4000 |
| Edgewell Personal Care Co | COM | 28035Q102 |  | 25866 | 1212098 | SH |  | SOLE | 0 | 864254 | 0 | 347844 |
| Dine Brands Global Inc | COM | 254423106 |  | 15098 | 575392 | SH |  | SOLE | 0 | 321992 | 0 | 253400 |
| Danaos Corp | COM | Y1968P121 |  | 533 | 4734 | SH |  | SOLE | 0 | 4734 | 0 | 0 |
| Cousins Properties Inc | COM | 222795502 |  | 25473 | 1128604 | SH |  | SOLE | 0 | 965460 | 0 | 163144 |
| Community Trust Bancorp Inc | COM | 204149108 |  | 16393 | 269980 | SH |  | SOLE | 0 | 135933 | 0 | 134047 |
| Civista Bancshares Inc | COM | 178867107 |  | 2922 | 128200 | SH |  | SOLE | 0 | 77100 | 0 | 51100 |
| Chatham Lodging Trust | COM | 16208T102 |  | 1265 | 160700 | SH |  | SOLE | 0 | 151500 | 0 | 9200 |
| Cargurus Inc | COM | 141788109 |  | 2458 | 72200 | SH |  | SOLE | 0 | 72200 | 0 | 0 |
| Byline Bancorp Inc | COM | 124411109 |  | 158 | 5000 | SH |  | SOLE | 0 | 5000 | 0 | 0 |
| Brandywine Realty Trust | COM | 105368203 |  | 3098 | 1143203 | SH |  | SOLE | 0 | 1007903 | 0 | 135300 |
| Biogen Inc | COM | 09062X103 |  | 61184 | 333739 | SH |  | SOLE | 0 | 218719 | 0 | 115020 |
| Bank OZK | COM | 06417N103 |  | 23119 | 503800 | SH |  | SOLE | 0 | 459200 | 0 | 44600 |
| AutoNation Inc | COM | 05329W102 |  | 97193 | 497760 | SH |  | SOLE | 0 | 337324 | 0 | 160436 |
| Aptiv PLC | COM | G3265R107 |  | 4064 | 58530 | SH |  | SOLE | 0 | 58530 | 0 | 0 |
| American Electric Power Co Inc | COM | 025537101 |  | 9476 | 72290 | SH |  | SOLE | 0 | 12390 | 0 | 59900 |
| Alerus Financial Corp | COM | 01446U103 |  | 474 | 20000 | SH |  | SOLE | 0 | 0 | 0 | 20000 |
| Accenture PLC | COM | G1151C101 |  | 198 | 1000 | SH |  | SOLE | 0 | 1000 | 0 | 0 |
| Wynn Resorts Ltd | COM | 983134107 |  | 122 | 1200 | SH |  | SOLE | 0 | 1200 | 0 | 0 |
| Watts Water Technologies Inc | COM | 942749102 |  | 145 | 500 | SH |  | SOLE | 0 | 500 | 0 | 0 |
| Verizon Communications Inc | COM | 92343V104 |  | 609130 | 12134056 | SH |  | SOLE | 0 | 7032448 | 0 | 5101608 |
| Unitil Corp | COM | 913259107 |  | 852 | 16300 | SH |  | SOLE | 0 | 11200 | 0 | 5100 |
| Trustmark Corp | COM | 898402102 |  | 88 | 2100 | SH |  | SOLE | 0 | 2100 | 0 | 0 |
| Tidewater Inc | COM | 88642R109 |  | 125 | 1500 | SH |  | SOLE | 0 | 1500 | 0 | 0 |
| Tandy Brands Accessories Inc | COM | 875378101 |  | 0 | 3500 | SH |  | SOLE | 0 | 3500 | 0 | 0 |
| Standard Motor Products Inc | COM | 853666105 |  | 236 | 6800 | SH |  | SOLE | 0 | 6800 | 0 | 0 |
| Sixth Street Specialty Lending Inc | COM | 83012A109 |  | 14504 | 789112 | SH |  | SOLE | 0 | 313800 | 0 | 475312 |
| Science Applications International Corp | COM | 808625107 |  | 149620 | 1576273 | SH |  | SOLE | 0 | 973618 | 0 | 602655 |
| Rio Tinto PLC | COM | 767204100 |  | 3372 | 36146 | SH |  | SOLE | 0 | 36146 | 0 | 0 |
| Radian Group Inc | COM | 750236101 |  | 203444 | 6150067 | SH |  | SOLE | 0 | 3903582 | 0 | 2246485 |
| PROG Holdings Inc | COM | 74319R101 |  | 33813 | 1178574 | SH |  | SOLE | 0 | 721600 | 0 | 456974 |
| Pinnacle Financial Partners Inc | COM | 72348N109 |  | 4434 | 51479 | SH |  | SOLE | 0 | 4137 | 0 | 47342 |
| PennantPark Investment Corp | COM | 708062104 |  | 6529 | 1454141 | SH |  | SOLE | 0 | 734641 | 0 | 719500 |
| Oxford Industries Inc | COM | 691497309 |  | 2014 | 52300 | SH |  | SOLE | 0 | 47800 | 0 | 4500 |
| Old Republic International Corp | COM | 680223104 |  | 104676 | 2623467 | SH |  | SOLE | 0 | 1364829 | 0 | 1258638 |
| Northern Trust Corp | COM | 665859104 |  | 107719 | 771790 | SH |  | SOLE | 0 | 374690 | 0 | 397100 |
| Nature's Sunshine Products Inc | COM | 639027101 |  | 476 | 19841 | SH |  | SOLE | 0 | 15393 | 0 | 4448 |
| Modiv Industrial Inc | COM | 60784B101 |  | 233 | 16300 | SH |  | SOLE | 0 | 16300 | 0 | 0 |
| MFA Financial Inc | COM | 55272X607 |  | 5558 | 580175 | SH |  | SOLE | 0 | 254325 | 0 | 325850 |
| Matador Resources Co | COM | 576485205 |  | 243112 | 3847931 | SH |  | SOLE | 0 | 2495912 | 0 | 1352019 |
| LKQ Corp | COM | 501889208 |  | 1935 | 65900 | SH |  | SOLE | 0 | 65900 | 0 | 0 |
| Koppers Holdings Inc | COM | 50060P106 |  | 35819 | 926031 | SH |  | SOLE | 0 | 644481 | 0 | 281550 |
| JOYY Inc | COM | 46591M109 |  | 39534 | 677073 | SH |  | SOLE | 0 | 387935 | 0 | 289138 |
| International Money Express Inc | COM | 46005L101 |  | 11379 | 720221 | SH |  | SOLE | 0 | 321021 | 0 | 399200 |
| Incyte Corp | COM | 45337C102 |  | 368956 | 3920056 | SH |  | SOLE | 0 | 2608422 | 0 | 1311634 |
| HF Sinclair Corp | COM | 403949100 |  | 228357 | 3660150 | SH |  | SOLE | 0 | 2449281 | 0 | 1210869 |
| Hanover Insurance Group Inc/The | COM | 410867105 |  | 6050 | 34900 | SH |  | SOLE | 0 | 6100 | 0 | 28800 |
| Graphic Packaging Holding Co | COM | 388689101 |  | 17479 | 1758428 | SH |  | SOLE | 0 | 1206828 | 0 | 551600 |
| Genpact Ltd | COM | G3922B107 |  | 125099 | 3358372 | SH |  | SOLE | 0 | 1747048 | 0 | 1611324 |
| Freshworks Inc | COM | 358054104 |  | 166 | 20700 | SH |  | SOLE | 0 | 20700 | 0 | 0 |
| First Busey Corp | COM | 319383204 |  | 35084 | 1388361 | SH |  | SOLE | 0 | 753061 | 0 | 635300 |
| Expedia Group Inc | COM | 30212P303 |  | 264108 | 1143870 | SH |  | SOLE | 0 | 730130 | 0 | 413740 |
| Ennis Inc | COM | 293389102 |  | 11478 | 535856 | SH |  | SOLE | 0 | 280956 | 0 | 254900 |
| Eastman Chemical Co | COM | 277432100 |  | 91740 | 1202039 | SH |  | SOLE | 0 | 849477 | 0 | 352562 |
| Digi International Inc | COM | 253798102 |  | 202 | 4200 | SH |  | SOLE | 0 | 4200 | 0 | 0 |
| CVB Financial Corp | COM | 126600105 |  | 2383 | 122900 | SH |  | SOLE | 0 | 122900 | 0 | 0 |
| Corsair Gaming Inc | COM | 22041X102 |  | 23 | 4100 | SH |  | SOLE | 0 | 4100 | 0 | 0 |
| Comcast Corp | COM | 20030N101 |  | 395307 | 13768980 | SH |  | SOLE | 0 | 8200685 | 0 | 5568295 |
| Citigroup Inc | COM | 172967424 |  | 638145 | 5626886 | SH |  | SOLE | 0 | 3578849 | 0 | 2048037 |
| Century Communities Inc | COM | 156504300 |  | 482 | 8400 | SH |  | SOLE | 0 | 8400 | 0 | 0 |
| Capital One Financial Corp | COM | 14040H105 |  | 2521 | 13818 | SH |  | SOLE | 0 | 13818 | 0 | 0 |
| Burke  Herbert Financial Services Corp | COM | 12135Y108 |  | 2816 | 45200 | SH |  | SOLE | 0 | 24000 | 0 | 21200 |
| Box Inc | COM | 10316T104 |  | 213 | 9000 | SH |  | SOLE | 0 | 9000 | 0 | 0 |
| BHP Group Ltd | COM | 088606108 |  | 4771 | 65595 | SH |  | SOLE | 0 | 65595 | 0 | 0 |
| Bank of New York Mellon Corp/The | COM | 064058100 |  | 506037 | 4265676 | SH |  | SOLE | 0 | 2631183 | 0 | 1634493 |
| Atkore Inc | COM | 047649108 |  | 61965 | 1051861 | SH |  | SOLE | 0 | 660631 | 0 | 391230 |
| Apple Hospitality REIT Inc | COM | 03784Y200 |  | 29661 | 2576953 | SH |  | SOLE | 0 | 1451253 | 0 | 1125700 |
| American Airlines Group Inc | COM | 02376R102 |  | 32264 | 3004086 | SH |  | SOLE | 0 | 2155486 | 0 | 848600 |
| Alarm.com Holdings Inc | COM | 011642105 |  | 5481 | 126900 | SH |  | SOLE | 0 | 27900 | 0 | 99000 |
| ACADIA Pharmaceuticals Inc | COM | 004225108 |  | 383 | 17200 | SH |  | SOLE | 0 | 17200 | 0 | 0 |
| Worthington Enterprises Inc | COM | 981811102 |  | 11954 | 229270 | SH |  | SOLE | 0 | 209826 | 0 | 19444 |
| Walgreens Boots Alliance Inc | COM | 931CVR013 |  | 0 | 700 | SH |  | SOLE | 0 | 700 | 0 | 0 |
| Valley National Bancorp | COM | 919794107 |  | 18413 | 1499400 | SH |  | SOLE | 0 | 956000 | 0 | 543400 |
| United Therapeutics Corp | COM | 91307C102 |  | 236400 | 398665 | SH |  | SOLE | 0 | 257880 | 0 | 140785 |
| Trinity Capital Inc | COM | 896442308 |  | 132 | 9000 | SH |  | SOLE | 0 | 0 | 0 | 9000 |
| Tesla Inc | COM | 88160R101 |  | 1041 | 2800 | SH |  | SOLE | 0 | 2800 | 0 | 0 |
| Taboola.com Ltd | COM | M8744T106 |  | 9968 | 3215589 | SH |  | SOLE | 0 | 2146900 | 0 | 1068689 |
| Sprinklr Inc | COM | 85208T107 |  | 120 | 20000 | SH |  | SOLE | 0 | 20000 | 0 | 0 |
| Simply Good Foods Co/The | COM | 82900L102 |  | 29531 | 2057900 | SH |  | SOLE | 0 | 1240300 | 0 | 817600 |
| SB Financial Group Inc | COM | 78408D105 |  | 99 | 4700 | SH |  | SOLE | 0 | 4700 | 0 | 0 |
| Rigel Pharmaceuticals Inc | COM | 766559702 |  | 16265 | 601507 | SH |  | SOLE | 0 | 341707 | 0 | 259800 |
| Qualys Inc | COM | 74758T303 |  | 255 | 2900 | SH |  | SOLE | 0 | 2900 | 0 | 0 |
| Princeton Bancorp Inc | COM | 74179A107 |  | 1041 | 30837 | SH |  | SOLE | 0 | 26937 | 0 | 3900 |
| Photronics Inc | COM | 719405102 |  | 116483 | 2882518 | SH |  | SOLE | 0 | 1640467 | 0 | 1242051 |
| Pegasystems Inc | COM | 705573103 |  | 3069 | 72100 | SH |  | SOLE | 0 | 72100 | 0 | 0 |
| Outfront Media Inc | COM | 69007J304 |  | 53446 | 2016814 | SH |  | SOLE | 0 | 1384173 | 0 | 632641 |
| OFG Bancorp | COM | 67103X102 |  | 51987 | 1284891 | SH |  | SOLE | 0 | 789691 | 0 | 495200 |
| Nextpower Inc | COM | 65290E101 |  | 434 | 3600 | SH |  | SOLE | 0 | 3600 | 0 | 0 |
| Myers Industries Inc | COM | 628464109 |  | 9894 | 467140 | SH |  | SOLE | 0 | 281840 | 0 | 185300 |
| Mistras Group Inc | COM | 60649T107 |  | 529 | 35801 | SH |  | SOLE | 0 | 28801 | 0 | 7000 |
| Meta Platforms Inc | COM | 30303M102 |  | 13645 | 23850 | SH |  | SOLE | 0 | 23850 | 0 | 0 |
| Marathon Petroleum Corp | COM | 56585A102 |  | 312998 | 1281834 | SH |  | SOLE | 0 | 949150 | 0 | 332684 |
| Littelfuse Inc | COM | 537008104 |  | 373 | 1100 | SH |  | SOLE | 0 | 1100 | 0 | 0 |
| KLA Corp | COM | 482480100 |  | 294 | 200 | SH |  | SOLE | 0 | 200 | 0 | 0 |
| JELD-WEN Holding Inc. | COM | 47580P103 |  | 127 | 102200 | SH |  | SOLE | 0 | 0 | 0 | 102200 |
| InterDigital Inc | COM | 45867G101 |  | 362 | 1200 | SH |  | SOLE | 0 | 1200 | 0 | 0 |
| Huntington Ingalls Industries Inc | COM | 446413106 |  | 167446 | 440764 | SH |  | SOLE | 0 | 334564 | 0 | 106200 |
| Herbalife Ltd | COM | G4412G101 |  | 38656 | 2626094 | SH |  | SOLE | 0 | 1754804 | 0 | 871290 |
| Hamilton Insurance Group Ltd | COM | G42706104 |  | 653 | 21900 | SH |  | SOLE | 0 | 21900 | 0 | 0 |
| Golub Capital BDC Inc | COM | 38173M102 |  | 10709 | 845900 | SH |  | SOLE | 0 | 366200 | 0 | 479700 |
| General Mills Inc | COM | 370334104 |  | 157436 | 4229870 | SH |  | SOLE | 0 | 2753150 | 0 | 1476720 |
| Fortive Corp | COM | 34959J108 |  | 5451 | 98600 | SH |  | SOLE | 0 | 98600 | 0 | 0 |
| Financial Institutions Inc | COM | 317585404 |  | 5197 | 163900 | SH |  | SOLE | 0 | 67400 | 0 | 96500 |
| EVERTEC Inc | COM | 30040P103 |  | 308 | 10900 | SH |  | SOLE | 0 | 0 | 0 | 10900 |
| EnerSys | COM | 29275Y102 |  | 124931 | 719149 | SH |  | SOLE | 0 | 539599 | 0 | 179550 |
| DXC Technology Co | COM | 23355L106 |  | 46366 | 3688588 | SH |  | SOLE | 0 | 2162760 | 0 | 1525828 |
| DiamondRock Hospitality Co | COM | 252784301 |  | 6341 | 676725 | SH |  | SOLE | 0 | 498125 | 0 | 178600 |
| CTO Realty Growth Inc | COM | 22948Q101 |  | 7908 | 427702 | SH |  | SOLE | 0 | 268772 | 0 | 158930 |
| Corebridge Financial Inc | COM | 21871X109 |  | 112207 | 4702728 | SH |  | SOLE | 0 | 3458400 | 0 | 1244328 |
| Colony Bankcorp Inc | COM | 19623P101 |  | 365 | 18300 | SH |  | SOLE | 0 | 18300 | 0 | 0 |
| CION Investment Corp | COM | 17259U204 |  | 2651 | 387536 | SH |  | SOLE | 0 | 331236 | 0 | 56300 |
| Centene Corp | COM | 15135B101 |  | 54284 | 1658022 | SH |  | SOLE | 0 | 948300 | 0 | 709722 |
| Canadian Tire Corp Ltd | COM | 136681202 |  | 174 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| Buckle Inc/The | COM | 118440106 |  | 277 | 5500 | SH |  | SOLE | 0 | 5500 | 0 | 0 |
| Booz Allen Hamilton Holding Corp | COM | 099502106 |  | 3769 | 48300 | SH |  | SOLE | 0 | 48300 | 0 | 0 |
| Belden Inc | COM | 077454106 |  | 6309 | 54943 | SH |  | SOLE | 0 | 32110 | 0 | 22833 |
| Banco do Brasil SA | COM | 059578104 |  | 364 | 80800 | SH |  | SOLE | 0 | 80800 | 0 | 0 |
| Associated Banc-Corp | COM | 045487105 |  | 98766 | 3819247 | SH |  | SOLE | 0 | 2658447 | 0 | 1160800 |
| Annaly Capital Management Inc | COM | 035710839 |  | 64911 | 3069067 | SH |  | SOLE | 0 | 2517648 | 0 | 551419 |
| Amazon.com Inc | COM | 023135106 |  | 22681 | 108900 | SH |  | SOLE | 0 | 108900 | 0 | 0 |
| AGCO Corp | COM | 001084102 |  | 218963 | 1889732 | SH |  | SOLE | 0 | 1325085 | 0 | 564647 |
| ABM Industries Inc | COM | 000957100 |  | 63029 | 1636256 | SH |  | SOLE | 0 | 920467 | 0 | 715789 |
| Wipro Ltd | COM | 97651M109 |  | 1618 | 763200 | SH |  | SOLE | 0 | 763200 | 0 | 0 |
| Vontier Corp | COM | 928881101 |  | 70273 | 1981199 | SH |  | SOLE | 0 | 983789 | 0 | 997410 |
| Utah Medical Products Inc | COM | 917488108 |  | 1231 | 19859 | SH |  | SOLE | 0 | 12300 | 0 | 7559 |
| United Microelectronics Corp | COM | 910873405 |  | 6234 | 694211 | SH |  | SOLE | 0 | 694211 | 0 | 0 |
| Travelzoo | COM | 89421Q205 |  | 269 | 45400 | SH |  | SOLE | 0 | 33500 | 0 | 11900 |
| Tenet Healthcare Corp | COM | 88033G407 |  | 38810 | 205660 | SH |  | SOLE | 0 | 106400 | 0 | 99260 |
| Sylvamo Corp | COM | 871332102 |  | 67346 | 1594370 | SH |  | SOLE | 0 | 980667 | 0 | 613703 |
| Solventum Corp | COM | 83444M101 |  | 162 | 2475 | SH |  | SOLE | 0 | 2475 | 0 | 0 |
| SIGA Technologies Inc | COM | 826917106 |  | 2882 | 538630 | SH |  | SOLE | 0 | 349642 | 0 | 188988 |
| Sandisk Corp/DE | COM | 80004C200 |  | 114407 | 180072 | SH |  | SOLE | 0 | 122043 | 0 | 58029 |
| Reliance Inc | COM | 759509102 |  | 1185 | 3900 | SH |  | SOLE | 0 | 3900 | 0 | 0 |
| Qorvo Inc | COM | 74736K101 |  | 127728 | 1650228 | SH |  | SOLE | 0 | 826563 | 0 | 823665 |
| Preformed Line Products Co | COM | 740444104 |  | 460 | 1700 | SH |  | SOLE | 0 | 1700 | 0 | 0 |
| Philip Morris International Inc | COM | 718172109 |  | 529 | 3200 | SH |  | SOLE | 0 | 3200 | 0 | 0 |
| PDD Holdings Inc | COM | 722304102 |  | 13988 | 136900 | SH |  | SOLE | 0 | 136900 | 0 | 0 |
| Orrstown Financial Services Inc | COM | 687380105 |  | 1108 | 30700 | SH |  | SOLE | 0 | 30700 | 0 | 0 |
| Oak Valley Bancorp | COM | 671807105 |  | 201 | 6200 | SH |  | SOLE | 0 | 3200 | 0 | 3000 |
| Newmont Corp | COM | 651639106 |  | 414299 | 3827239 | SH |  | SOLE | 0 | 2571139 | 0 | 1256100 |
| Mueller Water Products Inc | COM | 624758108 |  | 300 | 10900 | SH |  | SOLE | 0 | 10900 | 0 | 0 |
| Millrose Properties Inc | COM | 601137102 |  | 6270 | 223933 | SH |  | SOLE | 0 | 180052 | 0 | 43881 |
| Mercury General Corp | COM | 589400100 |  | 4910 | 55700 | SH |  | SOLE | 0 | 6100 | 0 | 49600 |
| Manitowoc Co Inc/The | COM | 563571405 |  | 557 | 47837 | SH |  | SOLE | 0 | 36337 | 0 | 11500 |
| Levi Strauss  Co | COM | 52736R102 |  | 92 | 5000 | SH |  | SOLE | 0 | 5000 | 0 | 0 |
| Kilroy Realty Corp | COM | 49427F108 |  | 16951 | 600900 | SH |  | SOLE | 0 | 321200 | 0 | 279700 |
| Jazz Pharmaceuticals PLC | COM | G50871105 |  | 451232 | 2386840 | SH |  | SOLE | 0 | 1624338 | 0 | 762502 |
| Inspire Medical Systems Inc | COM | 457730109 |  | 320 | 6200 | SH |  | SOLE | 0 | 6200 | 0 | 0 |
| HubSpot Inc | COM | 443573100 |  | 1562 | 6400 | SH |  | SOLE | 0 | 6400 | 0 | 0 |
| Helen of Troy Ltd | COM | G4388N106 |  | 1054 | 73092 | SH |  | SOLE | 0 | 28397 | 0 | 44695 |
| Halozyme Therapeutics Inc | COM | 40637H109 |  | 88644 | 1371558 | SH |  | SOLE | 0 | 646849 | 0 | 724709 |
| GoDaddy Inc | COM | 380237107 |  | 13649 | 165100 | SH |  | SOLE | 0 | 106300 | 0 | 58800 |
| GE HealthCare Technologies Inc | COM | 36266G107 |  | 129275 | 1816170 | SH |  | SOLE | 0 | 1024080 | 0 | 792090 |
| Flexsteel Industries Inc | COM | 339382103 |  | 1483 | 33000 | SH |  | SOLE | 0 | 22100 | 0 | 10900 |
| Fidelis Insurance Holdings Ltd | COM | G3398L118 |  | 93288 | 4881640 | SH |  | SOLE | 0 | 3009960 | 0 | 1871680 |
| Everest Group Ltd | COM | G3223R108 |  | 126373 | 386640 | SH |  | SOLE | 0 | 255720 | 0 | 130920 |
| Enact Holdings Inc | COM | 29249E109 |  | 41853 | 1025564 | SH |  | SOLE | 0 | 629864 | 0 | 395700 |
| Douglas Dynamics Inc | COM | 25960R105 |  | 2942 | 69900 | SH |  | SOLE | 0 | 67200 | 0 | 2700 |
| Deluxe Corp | COM | 248019101 |  | 55860 | 2028317 | SH |  | SOLE | 0 | 1374317 | 0 | 654000 |
| Crown Crafts Inc | COM | 228309100 |  | 122 | 47286 | SH |  | SOLE | 0 | 34364 | 0 | 12922 |
| Constellium SE | COM | F21107101 |  | 5739 | 233500 | SH |  | SOLE | 0 | 149300 | 0 | 84200 |
| Coca-Cola Femsa SAB de CV | COM | 191241108 |  | 1931 | 19800 | SH |  | SOLE | 0 | 19800 | 0 | 0 |
| Chubb Ltd | COM | H1467J104 |  | 27397 | 84058 | SH |  | SOLE | 0 | 84058 | 0 | 0 |
| Cathay General Bancorp | COM | 149150104 |  | 33815 | 678200 | SH |  | SOLE | 0 | 339500 | 0 | 338700 |
| Cameco Corp | COM | 13321L108 |  | 65 | 600 | SH |  | SOLE | 0 | 600 | 0 | 0 |
| Broadcom Inc | COM | 11135F101 |  | 4872 | 15742 | SH |  | SOLE | 0 | 15742 | 0 | 0 |
| Blue Owl Capital Corp | COM | 69121K104 |  | 30392 | 2747947 | SH |  | SOLE | 0 | 1950047 | 0 | 797900 |
| BayCom Corp | COM | 07272M107 |  | 2518 | 84711 | SH |  | SOLE | 0 | 48611 | 0 | 36100 |
| B Foods Inc | COM | 05508R106 |  | 248 | 51600 | SH |  | SOLE | 0 | 11100 | 0 | 40500 |
| Arrow Electronics Inc | COM | 042735100 |  | 275635 | 1922005 | SH |  | SOLE | 0 | 1112480 | 0 | 809525 |
| Andersons Inc/The | COM | 034164103 |  | 1924 | 26800 | SH |  | SOLE | 0 | 20400 | 0 | 6400 |
| Alpine Income Property Trust Inc | COM | 02083X103 |  | 842 | 46800 | SH |  | SOLE | 0 | 34000 | 0 | 12800 |
| AdvanSix Inc | COM | 00773T101 |  | 13437 | 550679 | SH |  | SOLE | 0 | 297673 | 0 | 253006 |
| Zions Bancorp NA | COM | 989701107 |  | 225310 | 3910279 | SH |  | SOLE | 0 | 2651013 | 0 | 1259266 |
| Whirlpool Corp | COM | 963320106 |  | 22121 | 410251 | SH |  | SOLE | 0 | 316300 | 0 | 93951 |
| Visa Inc | COM | 92826C839 |  | 2238 | 7404 | SH |  | SOLE | 0 | 7404 | 0 | 0 |
| Urban Outfitters Inc | COM | 917047102 |  | 196 | 3100 | SH |  | SOLE | 0 | 3100 | 0 | 0 |
| Unit Corp | COM | 909218406 |  | 221 | 6400 | SH |  | SOLE | 0 | 4000 | 0 | 2400 |
| TPG Mortgage Investment Trust Inc | COM | 001228501 |  | 2199 | 300793 | SH |  | SOLE | 0 | 206993 | 0 | 93800 |
| Telefonaktiebolaget LM Ericsson | COM | 294821608 |  | 1605 | 142400 | SH |  | SOLE | 0 | 65500 | 0 | 76900 |
| Sun Country Airlines Holdings Inc | COM | 866683105 |  | 18453 | 1117027 | SH |  | SOLE | 0 | 649427 | 0 | 467600 |
| Snap-on Inc | COM | 833034101 |  | 89617 | 246730 | SH |  | SOLE | 0 | 181600 | 0 | 65130 |
| Shore Bancshares Inc | COM | 825107105 |  | 3922 | 209977 | SH |  | SOLE | 0 | 179733 | 0 | 30244 |
| Safe Bulkers Inc | COM | Y7388L103 |  | 12427 | 1963190 | SH |  | SOLE | 0 | 1205690 | 0 | 757500 |
| Regional Management Corp | COM | 75902K106 |  | 11069 | 343232 | SH |  | SOLE | 0 | 266232 | 0 | 77000 |
| PulteGroup Inc | COM | 745867101 |  | 312334 | 2655679 | SH |  | SOLE | 0 | 1819464 | 0 | 836215 |
| Post Holdings Inc | COM | 737446104 |  | 6386 | 64600 | SH |  | SOLE | 0 | 10800 | 0 | 53800 |
| Petroleo Brasileiro SA - Petrobras | COM | 71654V408 |  | 457 | 22000 | SH |  | SOLE | 0 | 22000 | 0 | 0 |
| Patterson-UTI Energy Inc | COM | 703481101 |  | 7050 | 650958 | SH |  | SOLE | 0 | 329500 | 0 | 321458 |
| Oracle Corp | COM | 68389X105 |  | 2814 | 19129 | SH |  | SOLE | 0 | 19129 | 0 | 0 |
| NVIDIA Corp | COM | 67066G104 |  | 33572 | 192500 | SH |  | SOLE | 0 | 192500 | 0 | 0 |
| New York Times Co/The | COM | 650111107 |  | 410 | 4900 | SH |  | SOLE | 0 | 4900 | 0 | 0 |
| MSC Industrial Direct Co Inc | COM | 553530106 |  | 83 | 900 | SH |  | SOLE | 0 | 900 | 0 | 0 |
| Midland States Bancorp Inc | COM | 597742105 |  | 6476 | 290289 | SH |  | SOLE | 0 | 154910 | 0 | 135379 |
| Medtronic PLC | COM | G5960L103 |  | 503 | 5800 | SH |  | SOLE | 0 | 5800 | 0 | 0 |
| M/I Homes Inc | COM | 55305B101 |  | 1812 | 14800 | SH |  | SOLE | 0 | 7500 | 0 | 7300 |
| Lantheus Holdings Inc | COM | 516544103 |  | 5795 | 76400 | SH |  | SOLE | 0 | 2300 | 0 | 74100 |
| Keros Therapeutics Inc | COM | 492327101 |  | 231 | 20900 | SH |  | SOLE | 0 | 15900 | 0 | 5000 |
| Jackson Financial Inc | COM | 46817M107 |  | 112046 | 1059841 | SH |  | SOLE | 0 | 684241 | 0 | 375600 |
| Inmode Ltd | COM | M5425M103 |  | 1889 | 138109 | SH |  | SOLE | 0 | 47300 | 0 | 90809 |
| HP Inc | COM | 40434L105 |  | 213386 | 11108047 | SH |  | SOLE | 0 | 7199344 | 0 | 3908703 |
| HCA Healthcare Inc | COM | 40412C101 |  | 387312 | 818427 | SH |  | SOLE | 0 | 535673 | 0 | 282754 |
| H Block Inc | COM | 093671105 |  | 48622 | 1531890 | SH |  | SOLE | 0 | 895200 | 0 | 636690 |
| Global Payments Inc | COM | 37940X102 |  | 29639 | 440400 | SH |  | SOLE | 0 | 324200 | 0 | 116200 |
| Gap Inc/The | COM | 364760108 |  | 85078 | 3515616 | SH |  | SOLE | 0 | 2468715 | 0 | 1046901 |
| Fiserv Inc | COM | 337738108 |  | 674 | 12083 | SH |  | SOLE | 0 | 12083 | 0 | 0 |
| Federated Hermes Inc | COM | 314211103 |  | 163451 | 2882229 | SH |  | SOLE | 0 | 1586047 | 0 | 1296182 |
| Etsy Inc | COM | 29786A106 |  | 65 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| Embecta Corp | COM | 29082K105 |  | 4855 | 549182 | SH |  | SOLE | 0 | 336882 | 0 | 212300 |
| Dollar General Corp | COM | 256677105 |  | 94853 | 798900 | SH |  | SOLE | 0 | 597000 | 0 | 201900 |
| Deere  Co | COM | 244199105 |  | 394 | 700 | SH |  | SOLE | 0 | 700 | 0 | 0 |
| Credicorp Ltd | COM | G2519Y108 |  | 26320 | 77600 | SH |  | SOLE | 0 | 39200 | 0 | 38400 |
| ConocoPhillips | COM | 20825C104 |  | 122935 | 931326 | SH |  | SOLE | 0 | 777606 | 0 | 153720 |
| CNH Industrial NV | COM | N20944109 |  | 125088 | 11371611 | SH |  | SOLE | 0 | 8096711 | 0 | 3274900 |
| Chiron Real Estate Inc | COM | 37954A303 |  | 5046 | 152539 | SH |  | SOLE | 0 | 92519 | 0 | 60020 |
| Carter's Inc | COM | 146229109 |  | 28195 | 788437 | SH |  | SOLE | 0 | 403598 | 0 | 384839 |
| California Resources Corp | COM | 13057Q305 |  | 28179 | 407100 | SH |  | SOLE | 0 | 215000 | 0 | 192100 |
| Bristol-Myers Squibb Co | COM | 110122108 |  | 537078 | 8855362 | SH |  | SOLE | 0 | 5279069 | 0 | 3576293 |
| Block Inc | COM | 852234103 |  | 66 | 1100 | SH |  | SOLE | 0 | 1100 | 0 | 0 |
| Bassett Furniture Industries Inc | COM | 070203104 |  | 403 | 28500 | SH |  | SOLE | 0 | 28500 | 0 | 0 |
| Axcelis Technologies Inc | COM | 054540208 |  | 39978 | 429500 | SH |  | SOLE | 0 | 228200 | 0 | 201300 |
| Ardmore Shipping Corp | COM | Y0207T100 |  | 851 | 55800 | SH |  | SOLE | 0 | 41500 | 0 | 14300 |
| Amkor Technology Inc | COM | 031652100 |  | 59012 | 1310500 | SH |  | SOLE | 0 | 603800 | 0 | 706700 |
| Ally Financial Inc | COM | 02005N100 |  | 75686 | 1929285 | SH |  | SOLE | 0 | 1486855 | 0 | 442430 |
| Adeia Inc | COM | 00676P107 |  | 60929 | 2535528 | SH |  | SOLE | 0 | 1517300 | 0 | 1018228 |
| YETI Holdings Inc | COM | 98585X104 |  | 538 | 14700 | SH |  | SOLE | 0 | 14700 | 0 | 0 |
| Western Digital Corp | COM | 958102105 |  | 99884 | 369272 | SH |  | SOLE | 0 | 245172 | 0 | 124100 |
| Village Super Market Inc | COM | 927107409 |  | 4040 | 95671 | SH |  | SOLE | 0 | 67971 | 0 | 27700 |
| Unum Group | COM | 91529Y106 |  | 188642 | 2583072 | SH |  | SOLE | 0 | 1658218 | 0 | 924854 |
| UGI Corp | COM | 902681105 |  | 225769 | 6199039 | SH |  | SOLE | 0 | 3898739 | 0 | 2300300 |
| Toro Co/The | COM | 891092108 |  | 3214 | 34400 | SH |  | SOLE | 0 | 34400 | 0 | 0 |
| TechnipFMC PLC | COM | G87110105 |  | 9084 | 131400 | SH |  | SOLE | 0 | 131400 | 0 | 0 |
| Strategic Education Inc | COM | 86272C103 |  | 6684 | 80574 | SH |  | SOLE | 0 | 31214 | 0 | 49360 |
| SLM Corp | COM | 78442P106 |  | 19293 | 901100 | SH |  | SOLE | 0 | 353500 | 0 | 547600 |
| Shinhan Financial Group Co Ltd | COM | 824596100 |  | 601 | 9800 | SH |  | SOLE | 0 | 9800 | 0 | 0 |
| Ryder System Inc | COM | 783549108 |  | 259108 | 1265731 | SH |  | SOLE | 0 | 823885 | 0 | 441846 |
| Red River Bancshares Inc | COM | 75686R202 |  | 664 | 7337 | SH |  | SOLE | 0 | 3500 | 0 | 3837 |
| Provident Financial Services Inc | COM | 74386T105 |  | 102 | 4800 | SH |  | SOLE | 0 | 4800 | 0 | 0 |
| Polaris Inc | COM | 731068102 |  | 1753 | 32160 | SH |  | SOLE | 0 | 20800 | 0 | 11360 |
| PepsiCo Inc | COM | 713448108 |  | 4006 | 25799 | SH |  | SOLE | 0 | 25799 | 0 | 0 |
| Park Hotels  Resorts Inc | COM | 700517105 |  | 8644 | 820900 | SH |  | SOLE | 0 | 395800 | 0 | 425100 |
| Ooma Inc | COM | 683416101 |  | 809 | 55600 | SH |  | SOLE | 0 | 41500 | 0 | 14100 |
| Now Inc. | COM | 67011P100 |  | 97 | 8160 | SH |  | SOLE | 0 | 8160 | 0 | 0 |
| NetScout Systems Inc | COM | 64115T104 |  | 87278 | 2745452 | SH |  | SOLE | 0 | 1220607 | 0 | 1524845 |
| Mosaic Co/The | COM | 61945C103 |  | 39499 | 1548990 | SH |  | SOLE | 0 | 978090 | 0 | 570900 |
| Mid Penn Bancorp Inc | COM | 59540G107 |  | 2033 | 63200 | SH |  | SOLE | 0 | 44200 | 0 | 19000 |
| McDonald's Corp | COM | 580135101 |  | 466 | 1500 | SH |  | SOLE | 0 | 1500 | 0 | 0 |
| Luxfer Holdings PLC | COM | G5698W116 |  | 4032 | 331000 | SH |  | SOLE | 0 | 163700 | 0 | 167300 |
| La-Z-Boy Inc | COM | 505336107 |  | 48409 | 1506182 | SH |  | SOLE | 0 | 958829 | 0 | 547353 |
| KB Home | COM | 48666K109 |  | 47467 | 917236 | SH |  | SOLE | 0 | 541082 | 0 | 376154 |
| J M Smucker Co/The | COM | 832696405 |  | 75541 | 783300 | SH |  | SOLE | 0 | 616900 | 0 | 166400 |
| ING Groep NV | COM | 456837103 |  | 120 | 4600 | SH |  | SOLE | 0 | 4600 | 0 | 0 |
| Horace Mann Educators Corp | COM | 440327104 |  | 465 | 10900 | SH |  | SOLE | 0 | 10900 | 0 | 0 |
| Hartford Insurance Group Inc/The | COM | 416515104 |  | 402729 | 2978107 | SH |  | SOLE | 0 | 1935612 | 0 | 1042495 |
| Group 1 Automotive Inc | COM | 398905109 |  | 35365 | 106962 | SH |  | SOLE | 0 | 56600 | 0 | 50362 |
| Gilead Sciences Inc | COM | 375558103 |  | 403131 | 2892522 | SH |  | SOLE | 0 | 1833468 | 0 | 1059054 |
| Fulton Financial Corp | COM | 360271100 |  | 19646 | 965875 | SH |  | SOLE | 0 | 465500 | 0 | 500375 |
| First Horizon Corp | COM | 320517105 |  | 274491 | 12060244 | SH |  | SOLE | 0 | 7783300 | 0 | 4276944 |
| FactSet Research Systems Inc | COM | 303075105 |  | 885 | 4080 | SH |  | SOLE | 0 | 4080 | 0 | 0 |
| Equitable Holdings Inc | COM | 29452E101 |  | 8127 | 219000 | SH |  | SOLE | 0 | 176400 | 0 | 42600 |
| El Pollo Loco Holdings Inc | COM | 268603107 |  | 20192 | 1456852 | SH |  | SOLE | 0 | 814404 | 0 | 642448 |
| Docusign Inc | COM | 256163106 |  | 109 | 2300 | SH |  | SOLE | 0 | 2300 | 0 | 0 |
| Dave  Buster's Entertainment Inc | COM | 238337109 |  | 36 | 3300 | SH |  | SOLE | 0 | 3300 | 0 | 0 |
| Covista Inc | COM | 00737L103 |  | 57051 | 495020 | SH |  | SOLE | 0 | 294900 | 0 | 200120 |
| Concentrix Corp | COM | 20602D101 |  | 7233 | 264351 | SH |  | SOLE | 0 | 119932 | 0 | 144419 |
| Clear Secure Inc | COM | 18467V109 |  | 673 | 13900 | SH |  | SOLE | 0 | 13900 | 0 | 0 |
| Chemung Financial Corp | COM | 164024101 |  | 888 | 16493 | SH |  | SOLE | 0 | 12693 | 0 | 3800 |
| Carnival Corp | COM | 143658300 |  | 2459 | 95000 | SH |  | SOLE | 0 | 77100 | 0 | 17900 |
| Cable One Inc | COM | 12685J105 |  | 1768 | 19380 | SH |  | SOLE | 0 | 10740 | 0 | 8640 |
| Brighthouse Financial Inc | COM | 10922N103 |  | 6382 | 106573 | SH |  | SOLE | 0 | 25473 | 0 | 81100 |
| Bioventus Inc | COM | 09075A108 |  | 188 | 20600 | SH |  | SOLE | 0 | 11200 | 0 | 9400 |
| Bankwell Financial Group Inc | COM | 06654A103 |  | 3382 | 69700 | SH |  | SOLE | 0 | 47500 | 0 | 22200 |
| Aviat Networks Inc | COM | 05366Y201 |  | 2892 | 127925 | SH |  | SOLE | 0 | 48100 | 0 | 79825 |
| ArcBest Corp | COM | 03937C105 |  | 12423 | 126300 | SH |  | SOLE | 0 | 58300 | 0 | 68000 |
| American Public Education Inc | COM | 02913V103 |  | 1564 | 27500 | SH |  | SOLE | 0 | 22300 | 0 | 5200 |
| Alkermes PLC | COM | G01767105 |  | 523 | 14800 | SH |  | SOLE | 0 | 14800 | 0 | 0 |
| ACM Research Inc | COM | 00108J109 |  | 21458 | 545307 | SH |  | SOLE | 0 | 247027 | 0 | 298280 |
| Xerox Holdings Corp | COM | 98421M106 |  | 840 | 651150 | SH |  | SOLE | 0 | 466350 | 0 | 184800 |
| Wendy's Co/The | COM | 95058W100 |  | 68 | 9800 | SH |  | SOLE | 0 | 9800 | 0 | 0 |
| Viatris Inc | COM | 92556V106 |  | 106600 | 7890441 | SH |  | SOLE | 0 | 5836127 | 0 | 2054314 |
| Universal Health Services Inc | COM | 913903100 |  | 137949 | 770792 | SH |  | SOLE | 0 | 577293 | 0 | 193499 |
| Turtle Beach Corp | COM | 900450206 |  | 3991 | 393600 | SH |  | SOLE | 0 | 145100 | 0 | 248500 |
| Timken Co/The | COM | 887389104 |  | 11928 | 118600 | SH |  | SOLE | 0 | 21300 | 0 | 97300 |
| Target Corp | COM | 87612E106 |  | 108978 | 899160 | SH |  | SOLE | 0 | 524020 | 0 | 375140 |
| State Street Corp | COM | 857477103 |  | 517105 | 4085846 | SH |  | SOLE | 0 | 2711361 | 0 | 1374485 |
| SkyWest Inc | COM | 830879102 |  | 15792 | 171972 | SH |  | SOLE | 0 | 100045 | 0 | 71927 |
| Sensata Technologies Holding PLC | COM | G8060N102 |  | 1504 | 42700 | SH |  | SOLE | 0 | 0 | 0 | 42700 |
| RLJ Lodging Trust | COM | 74965L101 |  | 16059 | 2164349 | SH |  | SOLE | 0 | 847114 | 0 | 1317235 |
| Rapid7 Inc | COM | 753422104 |  | 5214 | 946297 | SH |  | SOLE | 0 | 300489 | 0 | 645808 |
| Progyny Inc | COM | 74340E103 |  | 292 | 17200 | SH |  | SOLE | 0 | 17200 | 0 | 0 |
| Pitney Bowes Inc | COM | 724479100 |  | 69989 | 6333880 | SH |  | SOLE | 0 | 3156871 | 0 | 3177009 |
| Penske Automotive Group Inc | COM | 70959W103 |  | 108362 | 724733 | SH |  | SOLE | 0 | 517892 | 0 | 206841 |
| Pagseguro Digital Ltd | COM | G68707101 |  | 188 | 18800 | SH |  | SOLE | 0 | 18800 | 0 | 0 |
| Omnicell Inc | COM | 68213N109 |  | 107 | 3200 | SH |  | SOLE | 0 | 3200 | 0 | 0 |
| Northwest Bancshares Inc | COM | 667340103 |  | 1975 | 155600 | SH |  | SOLE | 0 | 114400 | 0 | 41200 |
| Navigator Holdings Ltd | COM | Y62132108 |  | 12972 | 671078 | SH |  | SOLE | 0 | 528679 | 0 | 142399 |
| Molson Coors Beverage Co | COM | 60871R209 |  | 254962 | 5921078 | SH |  | SOLE | 0 | 3888598 | 0 | 2032480 |
| MGM Resorts International | COM | 552953101 |  | 91992 | 2485600 | SH |  | SOLE | 0 | 1691600 | 0 | 794000 |
| Matson Inc | COM | 57686G105 |  | 50713 | 309340 | SH |  | SOLE | 0 | 196500 | 0 | 112840 |
| Loews Corp | COM | 540424108 |  | 6607 | 61900 | SH |  | SOLE | 0 | 0 | 0 | 61900 |
| Kraft Heinz Co/The | COM | 500754106 |  | 177785 | 7905060 | SH |  | SOLE | 0 | 4969716 | 0 | 2935344 |
| Karat Packaging Inc | COM | 48563L101 |  | 240 | 8600 | SH |  | SOLE | 0 | 0 | 0 | 8600 |
| Iridium Communications Inc | COM | 46269C102 |  | 272 | 9800 | SH |  | SOLE | 0 | 9800 | 0 | 0 |
| Indivior Pharmaceuticals Inc | COM | 45579U109 |  | 11391 | 373734 | SH |  | SOLE | 0 | 108500 | 0 | 265234 |
| Home Bancorp Inc | COM | 43689E107 |  | 2346 | 38725 | SH |  | SOLE | 0 | 28920 | 0 | 9805 |
| Harmonic Inc | COM | 413160102 |  | 1855 | 206600 | SH |  | SOLE | 0 | 192500 | 0 | 14100 |
| Green Brick Partners Inc | COM | 392709101 |  | 1534 | 23800 | SH |  | SOLE | 0 | 19500 | 0 | 4300 |
| Genworth Financial Inc. | COM | 37247D106 |  | 2732 | 336400 | SH |  | SOLE | 0 | 0 | 0 | 336400 |
| Frontdoor Inc | COM | 35905A109 |  | 69 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| First Commonwealth Financial Corp | COM | 319829107 |  | 3041 | 173000 | SH |  | SOLE | 0 | 114200 | 0 | 58800 |
| Exxon Mobil Corp | COM | 30231G102 |  | 329017 | 1939270 | SH |  | SOLE | 0 | 1391569 | 0 | 547701 |
| EOG Resources Inc | COM | 26875P101 |  | 96402 | 666820 | SH |  | SOLE | 0 | 530120 | 0 | 136700 |
| Ecovyst Inc | COM | 27923Q109 |  | 531 | 41300 | SH |  | SOLE | 0 | 31500 | 0 | 9800 |
| Dime Community Bancshares Inc | COM | 25432X102 |  | 210 | 6200 | SH |  | SOLE | 0 | 0 | 0 | 6200 |
| Daktronics Inc | COM | 234264109 |  | 303 | 15500 | SH |  | SOLE | 0 | 15500 | 0 | 0 |
| Coterra Energy Inc | COM | 127097103 |  | 503 | 14300 | SH |  | SOLE | 0 | 14300 | 0 | 0 |
| Community Healthcare Trust Inc | COM | 20369C106 |  | 2443 | 153758 | SH |  | SOLE | 0 | 145500 | 0 | 8258 |
| City Bank/Lynnwood WA | COM | 17770A109 |  | 0 | 3200 | SH |  | SOLE | 0 | 3200 | 0 | 0 |
| Charles River Laboratories International Inc | COM | 159864107 |  | 83938 | 486600 | SH |  | SOLE | 0 | 282000 | 0 | 204600 |
| Cardinal Health Inc | COM | 14149Y108 |  | 2134 | 10100 | SH |  | SOLE | 0 | 6100 | 0 | 4000 |
| BXP Inc | COM | 101121101 |  | 291 | 5600 | SH |  | SOLE | 0 | 5600 | 0 | 0 |
| Braemar Hotels  Resorts Inc | COM | 10482B101 |  | 4037 | 1710389 | SH |  | SOLE | 0 | 643000 | 0 | 1067389 |
| BILL Holdings Inc | COM | 090043100 |  | 199 | 5200 | SH |  | SOLE | 0 | 5200 | 0 | 0 |
| Bank of NT Butterfield  Son Ltd/The | COM | G0772R208 |  | 68908 | 1313030 | SH |  | SOLE | 0 | 809283 | 0 | 503747 |
| Autoliv Inc | COM | 052800109 |  | 178255 | 1695080 | SH |  | SOLE | 0 | 1032130 | 0 | 662950 |
| Applied Materials Inc | COM | 038222105 |  | 232785 | 681076 | SH |  | SOLE | 0 | 388276 | 0 | 292800 |
| American Eagle Outfitters Inc | COM | 02553E106 |  | 19237 | 1151900 | SH |  | SOLE | 0 | 452200 | 0 | 699700 |
| Albertsons Cos Inc | COM | 013091103 |  | 190618 | 11186507 | SH |  | SOLE | 0 | 7276107 | 0 | 3910400 |
| Accel Entertainment Inc | COM | 00436Q106 |  | 199 | 18200 | SH |  | SOLE | 0 | 8500 | 0 | 9700 |
| WSFS Financial Corp | COM | 929328102 |  | 157 | 2400 | SH |  | SOLE | 0 | 2400 | 0 | 0 |
| Walt Disney Co/The | COM | 254687106 |  | 297940 | 3091308 | SH |  | SOLE | 0 | 1920780 | 0 | 1170528 |
| Varex Imaging Corp | COM | 92214X106 |  | 18696 | 1762096 | SH |  | SOLE | 0 | 918709 | 0 | 843387 |
| Uniti Group Inc | COM | 912932100 |  | 16575 | 1767028 | SH |  | SOLE | 0 | 1016896 | 0 | 750132 |
| Truist Financial Corp | COM | 89832Q109 |  | 56768 | 1234900 | SH |  | SOLE | 0 | 998100 | 0 | 236800 |
| Thermo Fisher Scientific Inc | COM | 883556102 |  | 442 | 900 | SH |  | SOLE | 0 | 900 | 0 | 0 |
| Taiwan Semiconductor Manufacturing Co Ltd | COM | 874039100 |  | 10321 | 30540 | SH |  | SOLE | 0 | 30540 | 0 | 0 |
| SS Technologies Holdings Inc | COM | 78467J100 |  | 18582 | 275000 | SH |  | SOLE | 0 | 131600 | 0 | 143400 |
| SiriusPoint Ltd | COM | G8192H106 |  | 5557 | 257969 | SH |  | SOLE | 0 | 34679 | 0 | 223290 |
| Scholastic Corp | COM | 807066105 |  | 1788 | 45784 | SH |  | SOLE | 0 | 21284 | 0 | 24500 |
| RingCentral Inc | COM | 76680R206 |  | 120957 | 3252400 | SH |  | SOLE | 0 | 1888500 | 0 | 1363900 |
| QuidelOrtho Corp | COM | 219798105 |  | 151 | 9200 | SH |  | SOLE | 0 | 9200 | 0 | 0 |
| Procter  Gamble Co/The | COM | 742718109 |  | 1011 | 7000 | SH |  | SOLE | 0 | 7000 | 0 | 0 |
| Pinnacle Airlines Corp | COM | 723443107 |  | 0 | 9400 | SH |  | SOLE | 0 | 0 | 0 | 9400 |
| Penguin Solutions Inc | COM | 706915105 |  | 17603 | 1000170 | SH |  | SOLE | 0 | 610410 | 0 | 389760 |
| Owens Corning | COM | 690742101 |  | 157982 | 1459821 | SH |  | SOLE | 0 | 1040482 | 0 | 419339 |
| Oil-Dri Corp of America | COM | 677864100 |  | 176 | 2700 | SH |  | SOLE | 0 | 2700 | 0 | 0 |
| Northeast Community Bancorp Inc | COM | 664121100 |  | 6558 | 275535 | SH |  | SOLE | 0 | 169197 | 0 | 106338 |
| National Vision Holdings Inc | COM | 63845R107 |  | 83 | 3200 | SH |  | SOLE | 0 | 3200 | 0 | 0 |
| Mobile TeleSystems PJSC | COM | 607409109 |  | 0 | 2704000 | SH |  | SOLE | 0 | 2341700 | 0 | 362300 |
| MetLife Inc | COM | 59156R108 |  | 103028 | 1456850 | SH |  | SOLE | 0 | 917800 | 0 | 539050 |
| Marriott Vacations Worldwide Corp | COM | 57164Y107 |  | 14115 | 216757 | SH |  | SOLE | 0 | 100889 | 0 | 115868 |
| LiveRamp Holdings Inc | COM | 53815P108 |  | 33845 | 1276218 | SH |  | SOLE | 0 | 502218 | 0 | 774000 |
| Kohl's Corp | COM | 500255104 |  | 15582 | 1207934 | SH |  | SOLE | 0 | 487924 | 0 | 720010 |
| Johnson  Johnson | COM | 478160104 |  | 248928 | 1018362 | SH |  | SOLE | 0 | 562453 | 0 | 455909 |
| International Business Machines Corp | COM | 459200101 |  | 654 | 2700 | SH |  | SOLE | 0 | 2700 | 0 | 0 |
| Illumina Inc | COM | 452327109 |  | 3082 | 25000 | SH |  | SOLE | 0 | 8700 | 0 | 16300 |
| Hewlett Packard Enterprise Co | COM | 42824C109 |  | 281460 | 11821086 | SH |  | SOLE | 0 | 7331350 | 0 | 4489736 |
| Hanmi Financial Corp | COM | 410495204 |  | 35472 | 1345675 | SH |  | SOLE | 0 | 916975 | 0 | 428700 |
| Goodyear Tire  Rubber Co/The | COM | 382550101 |  | 30411 | 4586804 | SH |  | SOLE | 0 | 2564153 | 0 | 2022651 |
| Genesco Inc | COM | 371532102 |  | 507 | 17500 | SH |  | SOLE | 0 | 10900 | 0 | 6600 |
| Fresh Del Monte Produce Inc | COM | G36738105 |  | 70155 | 1742544 | SH |  | SOLE | 0 | 911631 | 0 | 830913 |
| First BanCorp/Puerto Rico | COM | 318672706 |  | 40362 | 1889600 | SH |  | SOLE | 0 | 1028800 | 0 | 860800 |
| Exelon Corp | COM | 30161N101 |  | 9716 | 198200 | SH |  | SOLE | 0 | 31900 | 0 | 166300 |
| Eni SpA | COM | 26874R108 |  | 2032 | 35900 | SH |  | SOLE | 0 | 13400 | 0 | 22500 |
| Eastern Co/The | COM | 276317104 |  | 528 | 26086 | SH |  | SOLE | 0 | 18912 | 0 | 7174 |
| Diebold Nixdorf Inc | COM | 253651202 |  | 39161 | 519100 | SH |  | SOLE | 0 | 125600 | 0 | 393500 |
| Customers Bancorp Inc | COM | 23204G100 |  | 292 | 4200 | SH |  | SOLE | 0 | 4200 | 0 | 0 |
| Corinthian Colleges Inc | COM | 218868107 |  | 0 | 10100 | SH |  | SOLE | 0 | 10100 | 0 | 0 |
| Columbus McKinnon Corp/NY | COM | 199333105 |  | 3899 | 268346 | SH |  | SOLE | 0 | 205046 | 0 | 63300 |
| Cisco Systems Inc | COM | 17275R102 |  | 624473 | 8048373 | SH |  | SOLE | 0 | 4703700 | 0 | 3344673 |
| Central Pacific Financial Corp | COM | 154760409 |  | 19660 | 615130 | SH |  | SOLE | 0 | 293430 | 0 | 321700 |
| Capital Bancorp Inc | COM | 139737100 |  | 312 | 10500 | SH |  | SOLE | 0 | 6600 | 0 | 3900 |
| Builders FirstSource Inc | COM | 12008R107 |  | 165 | 2000 | SH |  | SOLE | 0 | 2000 | 0 | 0 |
| Boston Beer Co Inc/The | COM | 100557107 |  | 92 | 400 | SH |  | SOLE | 0 | 400 | 0 | 0 |
| Best Buy Co Inc | COM | 086516101 |  | 83780 | 1304988 | SH |  | SOLE | 0 | 861400 | 0 | 443588 |
| Bank of America Corp | COM | 060505104 |  | 298132 | 6115518 | SH |  | SOLE | 0 | 4100268 | 0 | 2015250 |
| AT Inc | COM | 00206R102 |  | 643839 | 22209020 | SH |  | SOLE | 0 | 13371221 | 0 | 8837799 |
| Apogee Enterprises Inc | COM | 037598109 |  | 15920 | 474653 | SH |  | SOLE | 0 | 311600 | 0 | 163053 |
| Amdocs Ltd | COM | G02602103 |  | 261264 | 4003437 | SH |  | SOLE | 0 | 2345786 | 0 | 1657651 |
| Akamai Technologies Inc | COM | 00971T101 |  | 94524 | 823020 | SH |  | SOLE | 0 | 355800 | 0 | 467220 |
| Acadia Healthcare Company Inc. | COM | 00404A109 |  | 4613 | 197200 | SH |  | SOLE | 0 | 8000 | 0 | 189200 |
| World Kinect Corp | COM | 981475106 |  | 45508 | 1972604 | SH |  | SOLE | 0 | 1348214 | 0 | 624390 |
| WaFd Inc | COM | 938824109 |  | 9382 | 298800 | SH |  | SOLE | 0 | 158200 | 0 | 140600 |
| Valero Energy Corp | COM | 91913Y100 |  | 296834 | 1201370 | SH |  | SOLE | 0 | 885590 | 0 | 315780 |
| United Parks  Resorts Inc | COM | 81282V100 |  | 1506 | 46100 | SH |  | SOLE | 0 | 46100 | 0 | 0 |
| TriMas Corp | COM | 896215209 |  | 284 | 7900 | SH |  | SOLE | 0 | 7900 | 0 | 0 |
| Teradata Corp | COM | 88076W103 |  | 87804 | 3425835 | SH |  | SOLE | 0 | 1887635 | 0 | 1538200 |
| Synchrony Financial | COM | 87165B103 |  | 150385 | 2210898 | SH |  | SOLE | 0 | 1337123 | 0 | 873775 |
| Spectrum Brands Holdings Inc | COM | 84790A105 |  | 75929 | 1030240 | SH |  | SOLE | 0 | 537623 | 0 | 492617 |
| Simon Property Group Inc | COM | 828806109 |  | 2592 | 13895 | SH |  | SOLE | 0 | 13895 | 0 | 0 |
| Sanmina Corp | COM | 801056102 |  | 17566 | 135500 | SH |  | SOLE | 0 | 86000 | 0 | 49500 |
| Ribbon Communications Inc | COM | 762544104 |  | 288 | 135800 | SH |  | SOLE | 0 | 106500 | 0 | 29300 |
| QUALCOMM Inc | COM | 747525103 |  | 487442 | 3785074 | SH |  | SOLE | 0 | 2340230 | 0 | 1444844 |
| Primoris Services Corp | COM | 74164F103 |  | 558 | 3900 | SH |  | SOLE | 0 | 3900 | 0 | 0 |
| Phinia Inc | COM | 71880K101 |  | 94864 | 1386085 | SH |  | SOLE | 0 | 892320 | 0 | 493765 |
| Pediatrix Medical Group Inc | COM | 58502B106 |  | 12342 | 577000 | SH |  | SOLE | 0 | 383100 | 0 | 193900 |
| Otter Tail Corp | COM | 689648103 |  | 91536 | 1042913 | SH |  | SOLE | 0 | 584440 | 0 | 458473 |
| OceanFirst Financial Corp | COM | 675234108 |  | 8704 | 482508 | SH |  | SOLE | 0 | 412808 | 0 | 69700 |
| Nexstar Media Group Inc | COM | 65336K103 |  | 182334 | 1008316 | SH |  | SOLE | 0 | 640728 | 0 | 367588 |
| Murphy USA Inc | COM | 626755102 |  | 7202 | 14580 | SH |  | SOLE | 0 | 1820 | 0 | 12760 |
| Minerals Technologies Inc | COM | 603158106 |  | 19008 | 268022 | SH |  | SOLE | 0 | 70600 | 0 | 197422 |
| Meritage Homes Corp | COM | 59001A102 |  | 13852 | 224000 | SH |  | SOLE | 0 | 4900 | 0 | 219100 |
| Maplebear Inc | COM | 565394103 |  | 27983 | 746997 | SH |  | SOLE | 0 | 698397 | 0 | 48600 |
| Lincoln National Corp | COM | 534187109 |  | 90883 | 2560096 | SH |  | SOLE | 0 | 1690816 | 0 | 869280 |
| Kite Realty Group Trust | COM | 49803T300 |  | 27825 | 1133400 | SH |  | SOLE | 0 | 546400 | 0 | 587000 |
| JD.com Inc | COM | 47215P106 |  | 151 | 5100 | SH |  | SOLE | 0 | 5100 | 0 | 0 |
| Integra LifeSciences Holdings Corp | COM | 457985208 |  | 2051 | 217700 | SH |  | SOLE | 0 | 122300 | 0 | 95400 |
| Huntington Bancshares Inc/OH | COM | 446150104 |  | 21 | 1365 | SH |  | SOLE | 0 | 1365 | 0 | 0 |
| Henry Schein Inc | COM | 806407102 |  | 1754 | 23800 | SH |  | SOLE | 0 | 23800 | 0 | 0 |
| Hamilton Beach Brands Holding Co | COM | 40701T104 |  | 491 | 25917 | SH |  | SOLE | 0 | 20198 | 0 | 5719 |
| Goldman Sachs Group Inc/The | COM | 38141G104 |  | 268411 | 317274 | SH |  | SOLE | 0 | 194504 | 0 | 122770 |
| General Dynamics Corp | COM | 369550108 |  | 26830 | 78170 | SH |  | SOLE | 0 | 57870 | 0 | 20300 |
| Ford Motor Co | COM | 345370860 |  | 197808 | 17141100 | SH |  | SOLE | 0 | 10979747 | 0 | 6161353 |
| Fifth Third Bancorp | COM | 316773100 |  | 153 | 3300 | SH |  | SOLE | 0 | 3300 | 0 | 0 |
| Eversource Energy | COM | 30040W108 |  | 104987 | 1515398 | SH |  | SOLE | 0 | 1100598 | 0 | 414800 |
| Energizer Holdings Inc | COM | 29272W109 |  | 58496 | 3562474 | SH |  | SOLE | 0 | 2277871 | 0 | 1284603 |
| Dropbox Inc | COM | 26210C104 |  | 265428 | 11682581 | SH |  | SOLE | 0 | 7111329 | 0 | 4571252 |
| DHT Holdings Inc | COM | Y2065G121 |  | 16545 | 905604 | SH |  | SOLE | 0 | 659504 | 0 | 246100 |
| CSG Systems International Inc | COM | 126349109 |  | 31750 | 397170 | SH |  | SOLE | 0 | 201113 | 0 | 196057 |
| Core Natural Resources Inc | COM | 218937100 |  | 15858 | 151414 | SH |  | SOLE | 0 | 81285 | 0 | 70129 |
| Collegium Pharmaceutical Inc | COM | 19459J104 |  | 11416 | 345200 | SH |  | SOLE | 0 | 108900 | 0 | 236300 |
| Cimpress PLC | COM | G2143T103 |  | 102 | 1400 | SH |  | SOLE | 0 | 1400 | 0 | 0 |
| Celanese Corp | COM | 150870103 |  | 605 | 9200 | SH |  | SOLE | 0 | 0 | 0 | 9200 |
| Canadian Imperial Bank of Commerce | COM | 136069101 |  | 177 | 1871 | SH |  | SOLE | 0 | 1871 | 0 | 0 |
| Brunswick Corp/DE | COM | 117043109 |  | 11023 | 151500 | SH |  | SOLE | 0 | 129000 | 0 | 22500 |
| Boise Cascade Co | COM | 09739D100 |  | 7737 | 102000 | SH |  | SOLE | 0 | 96300 | 0 | 5700 |
| Beazer Homes USA Inc | COM | 07556Q881 |  | 6337 | 329351 | SH |  | SOLE | 0 | 153152 | 0 | 176199 |
| Banc of California Inc | COM | 05990K106 |  | 5958 | 338900 | SH |  | SOLE | 0 | 338900 | 0 | 0 |
| Asbury Automotive Group Inc | COM | 043436104 |  | 645 | 3300 | SH |  | SOLE | 0 | 3300 | 0 | 0 |
| ANI Pharmaceuticals Inc | COM | 00182C103 |  | 1192 | 15500 | SH |  | SOLE | 0 | 11800 | 0 | 3700 |
| Amalgamated Financial Corp | COM | 022671101 |  | 12180 | 313358 | SH |  | SOLE | 0 | 193878 | 0 | 119480 |
| Affiliated Managers Group Inc | COM | 008252108 |  | 131934 | 476811 | SH |  | SOLE | 0 | 314711 | 0 | 162100 |
| Abbott Laboratories | COM | 002824100 |  | 331 | 3225 | SH |  | SOLE | 0 | 3200 | 0 | 25 |
| ZoomInfo Technologies Inc | COM | 98980F104 |  | 73234 | 12246562 | SH |  | SOLE | 0 | 7085529 | 0 | 5161033 |
| Willis Lease Finance Corp | COM | 970646105 |  | 5438 | 31937 | SH |  | SOLE | 0 | 17680 | 0 | 14257 |
| Visteon Corp | COM | 92839U206 |  | 16409 | 180100 | SH |  | SOLE | 0 | 103500 | 0 | 76600 |
| USANA Health Sciences Inc | COM | 90328M107 |  | 133 | 7600 | SH |  | SOLE | 0 | 7600 | 0 | 0 |
| United Fire Group Inc | COM | 910340108 |  | 3539 | 95500 | SH |  | SOLE | 0 | 85600 | 0 | 9900 |
| Travelers Cos Inc/The | COM | 89417E109 |  | 554 | 1900 | SH |  | SOLE | 0 | 1900 | 0 | 0 |
| Tencent Music Entertainment Group | COM | 88034P109 |  | 182 | 19600 | SH |  | SOLE | 0 | 19600 | 0 | 0 |
| Supernus Pharmaceuticals Inc | COM | 868459108 |  | 315 | 6100 | SH |  | SOLE | 0 | 6100 | 0 | 0 |
| Solstice Advanced Materials Inc | COM | 83443Q103 |  | 36 | 475 | SH |  | SOLE | 0 | 475 | 0 | 0 |
| Sierra Bancorp | COM | 82620P102 |  | 2378 | 70100 | SH |  | SOLE | 0 | 64800 | 0 | 5300 |
| Sally Beauty Holdings Inc | COM | 79546E104 |  | 53730 | 3879395 | SH |  | SOLE | 0 | 1832832 | 0 | 2046563 |
| Reinsurance Group of America Inc | COM | 759351604 |  | 32841 | 160860 | SH |  | SOLE | 0 | 122160 | 0 | 38700 |
| PVH Corp | COM | 693656100 |  | 149359 | 2141041 | SH |  | SOLE | 0 | 1467165 | 0 | 673876 |
| Preferred Bank/Los Angeles CA | COM | 740367404 |  | 889 | 9800 | SH |  | SOLE | 0 | 9800 | 0 | 0 |
| Phibro Animal Health Corp | COM | 71742Q106 |  | 9143 | 165300 | SH |  | SOLE | 0 | 101700 | 0 | 63600 |
| PCB Bancorp | COM | 69320M109 |  | 9209 | 409480 | SH |  | SOLE | 0 | 259397 | 0 | 150083 |
| Orion SA | COM | L72967109 |  | 1273 | 195900 | SH |  | SOLE | 0 | 63100 | 0 | 132800 |
| O-I Glass Inc | COM | 67098H104 |  | 19400 | 1845844 | SH |  | SOLE | 0 | 1107544 | 0 | 738300 |
| NewMarket Corp | COM | 651587107 |  | 170741 | 266387 | SH |  | SOLE | 0 | 147230 | 0 | 119157 |
| Mueller Industries Inc | COM | 624756102 |  | 161799 | 1460283 | SH |  | SOLE | 0 | 936283 | 0 | 524000 |
| Millicom International Cellular SA | COM | L6388F110 |  | 5859 | 78180 | SH |  | SOLE | 0 | 78180 | 0 | 0 |
| Merck  Co Inc | COM | 58933Y105 |  | 612121 | 5088709 | SH |  | SOLE | 0 | 3154758 | 0 | 1933951 |
| Magnera Corp | COM | 55939A107 |  | 2325 | 244493 | SH |  | SOLE | 0 | 130670 | 0 | 113823 |
| Leidos Holdings Inc | COM | 525327102 |  | 44028 | 283100 | SH |  | SOLE | 0 | 243100 | 0 | 40000 |
| Kforce Inc | COM | 493732101 |  | 1387 | 47428 | SH |  | SOLE | 0 | 0 | 0 | 47428 |
| Janus International Group Inc | COM | 47103N106 |  | 3205 | 622400 | SH |  | SOLE | 0 | 301000 | 0 | 321400 |
| Innoviva Inc | COM | 45781M101 |  | 1615 | 69323 | SH |  | SOLE | 0 | 52823 | 0 | 16500 |
| HSBC Holdings PLC | COM | 404280406 |  | 2955 | 35828 | SH |  | SOLE | 0 | 11380 | 0 | 24448 |
| Healthpeak Properties Inc | COM | 42250P103 |  | 4094 | 249156 | SH |  | SOLE | 0 | 208256 | 0 | 40900 |
| Halliburton Co | COM | 406216101 |  | 251752 | 6456826 | SH |  | SOLE | 0 | 4333531 | 0 | 2123295 |
| Globe Life Inc | COM | 37959E102 |  | 7917 | 56890 | SH |  | SOLE | 0 | 44390 | 0 | 12500 |
| Gates Industrial Corp PLC | COM | G39108108 |  | 8895 | 393400 | SH |  | SOLE | 0 | 336600 | 0 | 56800 |
| Flex Ltd | COM | Y2573F102 |  | 132589 | 2025500 | SH |  | SOLE | 0 | 1289300 | 0 | 736200 |
| Ferguson Enterprises Inc | COM | 31488V107 |  | 140 | 600 | SH |  | SOLE | 0 | 600 | 0 | 0 |
| European Wax Center Inc | COM | 29882P106 |  | 349 | 60300 | SH |  | SOLE | 0 | 60300 | 0 | 0 |
| Emergent BioSolutions Inc | COM | 29089Q105 |  | 7443 | 896700 | SH |  | SOLE | 0 | 400500 | 0 | 496200 |
| Donnelley Financial Solutions Inc | COM | 25787G100 |  | 174 | 3700 | SH |  | SOLE | 0 | 3700 | 0 | 0 |
| Delta Air Lines Inc | COM | 247361702 |  | 218120 | 3280985 | SH |  | SOLE | 0 | 2153685 | 0 | 1127300 |
| Crocs Inc | COM | 227046109 |  | 133820 | 1611900 | SH |  | SOLE | 0 | 937200 | 0 | 674700 |
| Constellation Brands Inc | COM | 21036P108 |  | 99942 | 666280 | SH |  | SOLE | 0 | 389680 | 0 | 276600 |
| CNX Resources Corp | COM | 12653C108 |  | 6419 | 166500 | SH |  | SOLE | 0 | 140400 | 0 | 26100 |
| Chromcraft Revington Inc. | COM | 171ESC106 |  | 0 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| Caterpillar Inc | COM | 149123101 |  | 3199 | 4516 | SH |  | SOLE | 0 | 4516 | 0 | 0 |
| Camden National Corp | COM | 133034108 |  | 9661 | 203595 | SH |  | SOLE | 0 | 102895 | 0 | 100700 |
| Brixmor Property Group Inc | COM | 11120U105 |  | 43744 | 1518900 | SH |  | SOLE | 0 | 961400 | 0 | 557500 |
| Blue Bird Corp | COM | 095306106 |  | 477 | 8400 | SH |  | SOLE | 0 | 8400 | 0 | 0 |
| Baxter International Inc | COM | 071813109 |  | 68228 | 4061200 | SH |  | SOLE | 0 | 2713400 | 0 | 1347800 |
| AZZ Inc | COM | 002474104 |  | 163 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| Armstrong World Industries Inc | COM | 04247X102 |  | 99 | 600 | SH |  | SOLE | 0 | 600 | 0 | 0 |
| Amphastar Pharmaceuticals Inc | COM | 03209R103 |  | 12767 | 651714 | SH |  | SOLE | 0 | 334381 | 0 | 317333 |
| Alphabet Inc | COM | 02079K305 |  | 768351 | 2671968 | SH |  | SOLE | 0 | 1628496 | 0 | 1043472 |
| ADT Inc | COM | 00090Q103 |  | 195684 | 29784400 | SH |  | SOLE | 0 | 18063746 | 0 | 11720654 |
| Zimmer Biomet Holdings Inc | COM | 98956P102 |  | 1483 | 16400 | SH |  | SOLE | 0 | 16400 | 0 | 0 |
| Weyco Group Inc | COM | 962149100 |  | 35 | 1087 | SH |  | SOLE | 0 | 0 | 0 | 1087 |
| Virco Mfg. Corp | COM | 927651109 |  | 1112 | 181700 | SH |  | SOLE | 0 | 166500 | 0 | 15200 |
| Upwork Inc | COM | 91688F104 |  | 74446 | 6792528 | SH |  | SOLE | 0 | 4707532 | 0 | 2084996 |
| Ultralife Corp | COM | 903899102 |  | 421 | 64500 | SH |  | SOLE | 0 | 40000 | 0 | 24500 |
| Toyota Motor Corp | COM | 892331307 |  | 2121 | 10290 | SH |  | SOLE | 0 | 2070 | 0 | 8220 |
| Teleflex Inc | COM | 879369106 |  | 7153 | 59800 | SH |  | SOLE | 0 | 21500 | 0 | 38300 |
| Summit Hotel Properties Inc | COM | 866082100 |  | 1142 | 258300 | SH |  | SOLE | 0 | 258300 | 0 | 0 |
| Smithfield Foods Inc | COM | 832248207 |  | 63957 | 2286616 | SH |  | SOLE | 0 | 1372080 | 0 | 914536 |
| Shoe Carnival Inc | COM | 824889109 |  | 4147 | 266018 | SH |  | SOLE | 0 | 88018 | 0 | 178000 |
| Sabra Health Care REIT Inc | COM | 78573L106 |  | 18288 | 951000 | SH |  | SOLE | 0 | 861800 | 0 | 89200 |
| Regeneron Pharmaceuticals Inc | COM | 75886F107 |  | 151653 | 196279 | SH |  | SOLE | 0 | 123294 | 0 | 72985 |
| PTC Therapeutics Inc | COM | 69366J200 |  | 184 | 2700 | SH |  | SOLE | 0 | 2700 | 0 | 0 |
| Portland General Electric Co | COM | 736508847 |  | 41237 | 781447 | SH |  | SOLE | 0 | 356400 | 0 | 425047 |
| Perrigo Co PLC | COM | G97822103 |  | 1438 | 133900 | SH |  | SOLE | 0 | 56500 | 0 | 77400 |
| Parke Bancorp Inc | COM | 700885106 |  | 495 | 17415 | SH |  | SOLE | 0 | 17415 | 0 | 0 |
| Open Text Corp | COM | 683715106 |  | 122 | 5500 | SH |  | SOLE | 0 | 5500 | 0 | 0 |
| Nu Skin Enterprises Inc | COM | 67018T105 |  | 146 | 20100 | SH |  | SOLE | 0 | 20100 | 0 | 0 |
| New Mountain Finance Corp | COM | 647551100 |  | 23452 | 3022118 | SH |  | SOLE | 0 | 1595518 | 0 | 1426600 |
| Movado Group Inc | COM | 624580106 |  | 286 | 11700 | SH |  | SOLE | 0 | 11700 | 0 | 0 |
| Middleby Corp/The | COM | 596278101 |  | 1644 | 12400 | SH |  | SOLE | 0 | 11600 | 0 | 800 |
| Medical Properties Trust Inc | COM | 58463J304 |  | 86 | 18600 | SH |  | SOLE | 0 | 18600 | 0 | 0 |
| M Bank Corp | COM | 55261F104 |  | 84962 | 411000 | SH |  | SOLE | 0 | 275600 | 0 | 135400 |
| Lam Research Corp | COM | 512807306 |  | 6390 | 29905 | SH |  | SOLE | 0 | 29905 | 0 | 0 |
| Kennametal Inc | COM | 489170100 |  | 8689 | 240500 | SH |  | SOLE | 0 | 217700 | 0 | 22800 |
| Jack in the Box Inc | COM | 466367109 |  | 5454 | 564061 | SH |  | SOLE | 0 | 300817 | 0 | 263244 |
| Ingredion Inc | COM | 457187102 |  | 240657 | 2136132 | SH |  | SOLE | 0 | 1286740 | 0 | 849392 |
| Host Hotels  Resorts Inc | COM | 44107P104 |  | 197945 | 10331152 | SH |  | SOLE | 0 | 7246818 | 0 | 3084334 |
| HBT Financial Inc | COM | 404111106 |  | 3218 | 120425 | SH |  | SOLE | 0 | 85425 | 0 | 35000 |
| Gulfport Energy Corp | COM | 402635502 |  | 360 | 1700 | SH |  | SOLE | 0 | 1700 | 0 | 0 |
| Global Net Lease Inc | COM | 379378201 |  | 1671 | 178516 | SH |  | SOLE | 0 | 150313 | 0 | 28203 |
| Gaming and Leisure Properties Inc | COM | 36467J108 |  | 42107 | 949000 | SH |  | SOLE | 0 | 754300 | 0 | 194700 |
| First United Corp | COM | 33741H107 |  | 832 | 22706 | SH |  | SOLE | 0 | 18806 | 0 | 3900 |
| Farmers National Banc Corp | COM | 309627107 |  | 4056 | 308217 | SH |  | SOLE | 0 | 197551 | 0 | 110666 |
| Ethan Allen Interiors Inc | COM | 297602104 |  | 3911 | 175700 | SH |  | SOLE | 0 | 169600 | 0 | 6100 |
| Elevance Health Inc | COM | 036752103 |  | 13673 | 46704 | SH |  | SOLE | 0 | 44104 | 0 | 2600 |
| Dole PLC | COM | G27907107 |  | 10632 | 744000 | SH |  | SOLE | 0 | 394700 | 0 | 349300 |
| Deckers Outdoor Corp | COM | 243537107 |  | 370 | 3700 | SH |  | SOLE | 0 | 3700 | 0 | 0 |
| Crane NXT Co | COM | 224441105 |  | 4583 | 112910 | SH |  | SOLE | 0 | 100210 | 0 | 12700 |
| ConnectOne Bancorp Inc | COM | 20786W107 |  | 806 | 30100 | SH |  | SOLE | 0 | 30100 | 0 | 0 |
| CNB Financial Corp/PA | COM | 126128107 |  | 1882 | 65000 | SH |  | SOLE | 0 | 35600 | 0 | 29400 |
| ChipMOS Technologies Inc | COM | 16965P202 |  | 200 | 5600 | SH |  | SOLE | 0 | 5600 | 0 | 0 |
| Cars.com Inc | COM | 14575E105 |  | 1747 | 215200 | SH |  | SOLE | 0 | 166600 | 0 | 48600 |
| Caleres Inc | COM | 129500104 |  | 677 | 64200 | SH |  | SOLE | 0 | 0 | 0 | 64200 |
| Brinker International Inc | COM | 109641100 |  | 728 | 5100 | SH |  | SOLE | 0 | 0 | 0 | 5100 |
| BlackRock TCP Capital Corp | COM | 09259E108 |  | 1480 | 410100 | SH |  | SOLE | 0 | 263200 | 0 | 146900 |
| Barings BDC Inc | COM | 06759L103 |  | 384 | 46700 | SH |  | SOLE | 0 | 28400 | 0 | 18300 |
| Avnet Inc | COM | 053807103 |  | 176345 | 2861813 | SH |  | SOLE | 0 | 1576280 | 0 | 1285533 |
| Ardent Health Inc | COM | 03980N107 |  | 1596 | 186400 | SH |  | SOLE | 0 | 58800 | 0 | 127600 |
| Amgen Inc | COM | 031162100 |  | 131968 | 375070 | SH |  | SOLE | 0 | 221930 | 0 | 153140 |
| Allstate Corp/The | COM | 020002101 |  | 280194 | 1351375 | SH |  | SOLE | 0 | 818005 | 0 | 533370 |
| AdaptHealth Corp | COM | 00653Q102 |  | 815 | 68500 | SH |  | SOLE | 0 | 48300 | 0 | 20200 |
| Yelp Inc | COM | 985817105 |  | 70035 | 2830841 | SH |  | SOLE | 0 | 1395441 | 0 | 1435400 |
| WESCO International Inc. | COM | 95082P105 |  | 8564 | 31300 | SH |  | SOLE | 0 | 10300 | 0 | 21000 |
| Victory Capital Holdings Inc | COM | 92645B103 |  | 49084 | 749600 | SH |  | SOLE | 0 | 526300 | 0 | 223300 |
| Univest Financial Corp | COM | 915271100 |  | 483 | 14100 | SH |  | SOLE | 0 | 9900 | 0 | 4200 |
| Uber Technologies Inc | COM | 90353T100 |  | 2064 | 28694 | SH |  | SOLE | 0 | 28694 | 0 | 0 |
| Tompkins Financial Corp | COM | 890110109 |  | 2870 | 36400 | SH |  | SOLE | 0 | 36400 | 0 | 0 |
| TD SYNNEX Corp | COM | 87162W100 |  | 360547 | 2137083 | SH |  | SOLE | 0 | 1333511 | 0 | 803572 |
| StoneCo Ltd | COM | G85158106 |  | 388 | 27500 | SH |  | SOLE | 0 | 27500 | 0 | 0 |
| SLB Ltd | COM | 806857108 |  | 863 | 16800 | SH |  | SOLE | 0 | 4300 | 0 | 12500 |
| Shell PLC | COM | 780259305 |  | 1535 | 16500 | SH |  | SOLE | 0 | 900 | 0 | 15600 |
| RTX Corp | COM | 75513E101 |  | 752 | 3900 | SH |  | SOLE | 0 | 3900 | 0 | 0 |
| RCM Technologies Inc | COM | 749360400 |  | 1059 | 55337 | SH |  | SOLE | 0 | 48137 | 0 | 7200 |
| Proto Labs Inc | COM | 743713109 |  | 194 | 3400 | SH |  | SOLE | 0 | 3400 | 0 | 0 |
| PNC Financial Services Group Inc/The | COM | 693475105 |  | 4453 | 21400 | SH |  | SOLE | 0 | 21400 | 0 | 0 |
| Peoples Bancorp of North Carolina Inc | COM | 710577107 |  | 98 | 2500 | SH |  | SOLE | 0 | 2500 | 0 | 0 |
| Paramount Skydance Corp | COM | 69932A204 |  | 1704 | 188868 | SH |  | SOLE | 0 | 63457 | 0 | 125411 |
| OneSpan Inc | COM | 68287N100 |  | 8880 | 843339 | SH |  | SOLE | 0 | 446800 | 0 | 396539 |
| NOV Inc | COM | 62955J103 |  | 52291 | 2779944 | SH |  | SOLE | 0 | 1498244 | 0 | 1281700 |
| NetApp Inc | COM | 64110D104 |  | 66775 | 652166 | SH |  | SOLE | 0 | 391686 | 0 | 260480 |
| Morningstar Inc | COM | 617700109 |  | 473 | 2800 | SH |  | SOLE | 0 | 2800 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 16111 | 43522 | SH |  | SOLE | 0 | 43522 | 0 | 0 |
| Maximus Inc | COM | 577933104 |  | 18249 | 284700 | SH |  | SOLE | 0 | 92300 | 0 | 192400 |
| LUKOIL PJSC | COM | 69343P105 |  | 0 | 1140808 | SH |  | SOLE | 0 | 930296 | 0 | 210512 |
| KT Corp | COM | 48268K101 |  | 1045 | 48730 | SH |  | SOLE | 0 | 48730 | 0 | 0 |
| KB Financial Group Inc | COM | 48241A105 |  | 1422 | 14255 | SH |  | SOLE | 0 | 14255 | 0 | 0 |
| Ituran Location and Control Ltd | COM | M6158M104 |  | 6727 | 137264 | SH |  | SOLE | 0 | 125888 | 0 | 11376 |
| Information Services Group Inc | COM | 45675Y104 |  | 1314 | 342092 | SH |  | SOLE | 0 | 127554 | 0 | 214538 |
| Hope Bancorp Inc | COM | 43940T109 |  | 16910 | 1513900 | SH |  | SOLE | 0 | 881200 | 0 | 632700 |
| Harte Hanks Inc | COM | 416196202 |  | 29 | 12700 | SH |  | SOLE | 0 | 12700 | 0 | 0 |
| Griffon Corp | COM | 398433102 |  | 49302 | 678338 | SH |  | SOLE | 0 | 439639 | 0 | 238699 |
| GigaCloud Technology Inc | COM | G38644103 |  | 47190 | 1039890 | SH |  | SOLE | 0 | 529099 | 0 | 510791 |
| FS KKR Capital Corp | COM | 302635206 |  | 15595 | 1531965 | SH |  | SOLE | 0 | 826815 | 0 | 705150 |
| First Financial Corp | COM | 320218100 |  | 25044 | 396261 | SH |  | SOLE | 0 | 300461 | 0 | 95800 |
| F5 Inc | COM | 315616102 |  | 9956 | 34409 | SH |  | SOLE | 0 | 18612 | 0 | 15797 |
| EPR Properties | COM | 26884U109 |  | 72580 | 1452758 | SH |  | SOLE | 0 | 887888 | 0 | 564870 |
| Edison International | COM | 281020107 |  | 86265 | 1178800 | SH |  | SOLE | 0 | 862600 | 0 | 316200 |
| Diodes Inc | COM | 254543101 |  | 314 | 4600 | SH |  | SOLE | 0 | 4600 | 0 | 0 |
| Dauch Corporation | COM | 024061103 |  | 1145 | 193100 | SH |  | SOLE | 0 | 193100 | 0 | 0 |
| Covenant Logistics Group Inc | COM | 22284P105 |  | 12386 | 456200 | SH |  | SOLE | 0 | 252100 | 0 | 204100 |
| Conagra Brands Inc | COM | 205887102 |  | 90405 | 5750955 | SH |  | SOLE | 0 | 3469598 | 0 | 2281357 |
| Clarivate PLC | COM | G21810109 |  | 6455 | 2551200 | SH |  | SOLE | 0 | 1050000 | 0 | 1501200 |
| Check Point Software Technologies Ltd | COM | M22465104 |  | 1057 | 7400 | SH |  | SOLE | 0 | 7400 | 0 | 0 |
| Carlyle Secured Lending Inc | COM | 872280102 |  | 3853 | 352150 | SH |  | SOLE | 0 | 165600 | 0 | 186550 |
| C Financial Corp | COM | 12466Q104 |  | 2543 | 34867 | SH |  | SOLE | 0 | 24367 | 0 | 10500 |
| Bread Financial Holdings Inc | COM | 018581108 |  | 31874 | 425611 | SH |  | SOLE | 0 | 137100 | 0 | 288511 |
| BioMarin Pharmaceutical Inc | COM | 09061G101 |  | 49982 | 884800 | SH |  | SOLE | 0 | 698600 | 0 | 186200 |
| BankUnited Inc | COM | 06652K103 |  | 7429 | 164500 | SH |  | SOLE | 0 | 45500 | 0 | 119000 |
| Avanos Medical Inc | COM | 05350V106 |  | 817 | 58300 | SH |  | SOLE | 0 | 19700 | 0 | 38600 |
| Arbor Realty Trust Inc | COM | 038923108 |  | 41 | 5300 | SH |  | SOLE | 0 | 5300 | 0 | 0 |
| American International Group Inc | COM | 026874784 |  | 313965 | 4172293 | SH |  | SOLE | 0 | 2734584 | 0 | 1437709 |
| Align Technology Inc | COM | 016255101 |  | 96894 | 565212 | SH |  | SOLE | 0 | 360212 | 0 | 205000 |
| ACCO Brands Corp | COM | 00081T108 |  | 8829 | 2943000 | SH |  | SOLE | 0 | 1904000 | 0 | 1039000 |
| Xenia Hotels  Resorts Inc | COM | 984017103 |  | 18100 | 1220500 | SH |  | SOLE | 0 | 870700 | 0 | 349800 |
| Wells Fargo  Co | COM | 949746101 |  | 489503 | 6148764 | SH |  | SOLE | 0 | 4224405 | 0 | 1924359 |
| Versant Media Group Inc | COM | 925283103 |  | 17749 | 479454 | SH |  | SOLE | 0 | 284667 | 0 | 194787 |
| Universal Health Realty Income Trust | COM | 91359E105 |  | 283 | 7000 | SH |  | SOLE | 0 | 0 | 0 | 7000 |
| Turkcell Iletisim Hizmetleri AS | COM | 900111204 |  | 617 | 102400 | SH |  | SOLE | 0 | 102400 | 0 | 0 |
| Timberland Bancorp Inc/WA | COM | 887098101 |  | 367 | 9300 | SH |  | SOLE | 0 | 6400 | 0 | 2900 |
| Tapestry Inc | COM | 876030107 |  | 18980 | 134508 | SH |  | SOLE | 0 | 112908 | 0 | 21600 |
| Stanley Black  Decker Inc | COM | 854502101 |  | 476 | 6700 | SH |  | SOLE | 0 | 0 | 0 | 6700 |
| SK Telecom Co Ltd | COM | 78440P306 |  | 5277 | 180170 | SH |  | SOLE | 0 | 106702 | 0 | 73468 |
| Scorpio Tankers Inc | COM | Y7542C130 |  | 127076 | 1702057 | SH |  | SOLE | 0 | 1106958 | 0 | 595099 |
| Rithm Capital Corp | COM | 64828T201 |  | 51006 | 5380400 | SH |  | SOLE | 0 | 3280400 | 0 | 2100000 |
| Ranger Energy Services Inc | COM | 75282U104 |  | 617 | 36000 | SH |  | SOLE | 0 | 26700 | 0 | 9300 |
| Progress Software Corp | COM | 743312100 |  | 25352 | 988400 | SH |  | SOLE | 0 | 479900 | 0 | 508500 |
| Pinnacle West Capital Corp | COM | 723484101 |  | 12544 | 124510 | SH |  | SOLE | 0 | 10410 | 0 | 114100 |
| PennyMac Mortgage Investment Trust | COM | 70931T103 |  | 927 | 79500 | SH |  | SOLE | 0 | 79500 | 0 | 0 |
| Pacira BioSciences Inc | COM | 695127100 |  | 11686 | 517100 | SH |  | SOLE | 0 | 349700 | 0 | 167400 |
| Omega Healthcare Investors Inc | COM | 681936100 |  | 52904 | 1207300 | SH |  | SOLE | 0 | 835700 | 0 | 371600 |
| Northrim BanCorp Inc | COM | 666762109 |  | 5046 | 220560 | SH |  | SOLE | 0 | 112260 | 0 | 108300 |
| Navient Corp | COM | 63938C108 |  | 9921 | 1212858 | SH |  | SOLE | 0 | 670258 | 0 | 542600 |
| Mohawk Industries Inc | COM | 608190104 |  | 11530 | 117100 | SH |  | SOLE | 0 | 77600 | 0 | 39500 |
| MGIC Investment Corp | COM | 552848103 |  | 259850 | 9899033 | SH |  | SOLE | 0 | 6336787 | 0 | 3562246 |
| Match Group Inc | COM | 57667L107 |  | 188209 | 6128589 | SH |  | SOLE | 0 | 3683039 | 0 | 2445550 |
| Lockheed Martin Corp | COM | 539830109 |  | 98750 | 163388 | SH |  | SOLE | 0 | 122988 | 0 | 40400 |
| Korn Ferry | COM | 500643200 |  | 5124 | 81400 | SH |  | SOLE | 0 | 37700 | 0 | 43700 |
| JPMorgan Chase  Co | COM | 46625H100 |  | 171258 | 582192 | SH |  | SOLE | 0 | 483492 | 0 | 98700 |
| Invesco Mortgage Capital Inc | COM | 46131B704 |  | 633 | 78380 | SH |  | SOLE | 0 | 6898 | 0 | 71482 |
| Independent Bank Corp/MI | COM | 453838609 |  | 13217 | 396893 | SH |  | SOLE | 0 | 291493 | 0 | 105400 |
| Highwoods Properties Inc | COM | 431284108 |  | 25249 | 1179300 | SH |  | SOLE | 0 | 933000 | 0 | 246300 |
| Harley-Davidson Inc | COM | 412822108 |  | 104619 | 5174024 | SH |  | SOLE | 0 | 3369271 | 0 | 1804753 |
| Great Southern Bancorp Inc | COM | 390905107 |  | 8730 | 138284 | SH |  | SOLE | 0 | 106686 | 0 | 31598 |
| Gentherm Inc | COM | 37253A103 |  | 492 | 17700 | SH |  | SOLE | 0 | 17700 | 0 | 0 |
| Friedman Industries Incorporated | COM | 358435105 |  | 174 | 9815 | SH |  | SOLE | 0 | 7230 | 0 | 2585 |
| First Business Financial Services Inc | COM | 319390100 |  | 7746 | 143625 | SH |  | SOLE | 0 | 114725 | 0 | 28900 |
| Expro Group Holdings NV | COM | N3144W105 |  | 742 | 42600 | SH |  | SOLE | 0 | 32900 | 0 | 9700 |
| Enova International Inc | COM | 29357K103 |  | 299 | 2200 | SH |  | SOLE | 0 | 2200 | 0 | 0 |
| eBay Inc | COM | 278642103 |  | 471457 | 5179705 | SH |  | SOLE | 0 | 3409306 | 0 | 1770399 |
| Dillard's Inc | COM | 254067101 |  | 343 | 600 | SH |  | SOLE | 0 | 600 | 0 | 0 |
| CVS Health Corp | COM | 126650100 |  | 323441 | 4503497 | SH |  | SOLE | 0 | 2922364 | 0 | 1581133 |
| Costamare Inc | COM | Y1771G102 |  | 1619 | 95800 | SH |  | SOLE | 0 | 1700 | 0 | 94100 |
| Commercial Metals Co | COM | 201723103 |  | 25591 | 416589 | SH |  | SOLE | 0 | 241100 | 0 | 175489 |
| Citizens Financial Group Inc | COM | 174610105 |  | 363428 | 6060165 | SH |  | SOLE | 0 | 4197765 | 0 | 1862400 |
| CF Industries Holdings Inc | COM | 125269100 |  | 189435 | 1458988 | SH |  | SOLE | 0 | 913679 | 0 | 545309 |
| Capitol Federal Financial Inc | COM | 14057J101 |  | 4894 | 686350 | SH |  | SOLE | 0 | 556600 | 0 | 129750 |
| Business First Bancshares Inc | COM | 12326C105 |  | 521 | 19270 | SH |  | SOLE | 0 | 0 | 0 | 19270 |
| Boyd Gaming Corp | COM | 103304101 |  | 32579 | 396432 | SH |  | SOLE | 0 | 161000 | 0 | 235432 |
| Big Lots Inc | COM | 089302103 |  | 0 | 100 | SH |  | SOLE | 0 | 100 | 0 | 0 |
| Bank of Nova Scotia/The | COM | 064149107 |  | 187 | 2700 | SH |  | SOLE | 0 | 2700 | 0 | 0 |
| Aurinia Pharmaceuticals Inc | COM | 05156V102 |  | 15407 | 1039576 | SH |  | SOLE | 0 | 875676 | 0 | 163900 |
| Apple Inc | COM | 037833100 |  | 26322 | 103714 | SH |  | SOLE | 0 | 103714 | 0 | 0 |
| American Assets Trust Inc | COM | 024013104 |  | 36387 | 1976474 | SH |  | SOLE | 0 | 1297911 | 0 | 678563 |
| Alaska Air Group Inc | COM | 011659109 |  | 12108 | 329199 | SH |  | SOLE | 0 | 138000 | 0 | 191199 |
| Acadian Asset Management Inc | COM | 10948W103 |  | 4479 | 82300 | SH |  | SOLE | 0 | 82300 | 0 | 0 |
| Worthington Steel Inc | COM | 982104101 |  | 12552 | 413585 | SH |  | SOLE | 0 | 291857 | 0 | 121728 |
| Walmart Inc | COM | 931142103 |  | 1529 | 12300 | SH |  | SOLE | 0 | 12300 | 0 | 0 |
| Valmont Industries Inc | COM | 920253101 |  | 240 | 600 | SH |  | SOLE | 0 | 600 | 0 | 0 |
| UnitedHealth Group Inc | COM | 91324P102 |  | 4212 | 15565 | SH |  | SOLE | 0 | 15565 | 0 | 0 |
| TruBridge Inc | COM | 205306103 |  | 74 | 5033 | SH |  | SOLE | 0 | 3900 | 0 | 1133 |
| Textron Inc | COM | 883203101 |  | 356652 | 4073227 | SH |  | SOLE | 0 | 2822545 | 0 | 1250682 |
| Tactile Systems Technology Inc | COM | 87357P100 |  | 12540 | 479927 | SH |  | SOLE | 0 | 286680 | 0 | 193247 |
| Sprouts Farmers Market Inc | COM | 85208M102 |  | 13334 | 172872 | SH |  | SOLE | 0 | 0 | 0 | 172872 |
| Sirius XM Holdings Inc | COM | 829933100 |  | 74317 | 3219977 | SH |  | SOLE | 0 | 2335807 | 0 | 884170 |
| ScanSource Inc | COM | 806037107 |  | 30934 | 852163 | SH |  | SOLE | 0 | 463514 | 0 | 388649 |
| Riley Exploration Permian Inc | COM | 76665T102 |  | 2154 | 59100 | SH |  | SOLE | 0 | 18600 | 0 | 40500 |
| Quanex Building Products Corp | COM | 747619104 |  | 14274 | 794348 | SH |  | SOLE | 0 | 311448 | 0 | 482900 |
| Pro-Dex Inc | COM | 74265M205 |  | 34 | 685 | SH |  | SOLE | 0 | 0 | 0 | 685 |
| Piedmont Realty Trust Inc | COM | 720190206 |  | 25224 | 3839254 | SH |  | SOLE | 0 | 3021154 | 0 | 818100 |
| Peloton Interactive Inc | COM | 70614W100 |  | 94 | 21800 | SH |  | SOLE | 0 | 21800 | 0 | 0 |
| Ovintiv Inc | COM | 69047Q102 |  | 12578 | 211900 | SH |  | SOLE | 0 | 173700 | 0 | 38200 |
| Oil States International Inc | COM | 678026105 |  | 2519 | 216400 | SH |  | SOLE | 0 | 188700 | 0 | 27700 |
| Nordic American Tankers Ltd | COM | G65773106 |  | 505 | 86200 | SH |  | SOLE | 0 | 86200 | 0 | 0 |
| National Fuel Gas Co | COM | 636180101 |  | 209618 | 2230928 | SH |  | SOLE | 0 | 1343892 | 0 | 887036 |
| Mitek Systems Inc | COM | 606710200 |  | 1793 | 132800 | SH |  | SOLE | 0 | 86000 | 0 | 46800 |
| Methode Electronics Inc | COM | 591520200 |  | 928 | 168100 | SH |  | SOLE | 0 | 130700 | 0 | 37400 |
| Marqeta Inc | COM | 57142B104 |  | 215 | 52600 | SH |  | SOLE | 0 | 52600 | 0 | 0 |
| LivaNova PLC | COM | G5509L101 |  | 44200 | 695410 | SH |  | SOLE | 0 | 482310 | 0 | 213100 |
| Knowles Corp | COM | 49926D109 |  | 200 | 7800 | SH |  | SOLE | 0 | 7800 | 0 | 0 |
| John Wiley  Sons Inc | COM | 968223206 |  | 5424 | 142353 | SH |  | SOLE | 0 | 37053 | 0 | 105300 |
| Interface Inc | COM | 458665304 |  | 22563 | 905429 | SH |  | SOLE | 0 | 477729 | 0 | 427700 |
| IBEX Holdings Ltd | COM | G4690M101 |  | 614 | 22900 | SH |  | SOLE | 0 | 8400 | 0 | 14500 |
| HERITAGE FINL CORP/WA | COM | 42722X106 |  | 1937 | 74500 | SH |  | SOLE | 0 | 74500 | 0 | 0 |
| Hancock Whitney Corp | COM | 410120109 |  | 37722 | 593200 | SH |  | SOLE | 0 | 304800 | 0 | 288400 |
| GoodRx Holdings Inc | COM | 38246G108 |  | 9765 | 4981931 | SH |  | SOLE | 0 | 2705331 | 0 | 2276600 |
| General Motors Co | COM | 37045V100 |  | 509357 | 6837010 | SH |  | SOLE | 0 | 4492252 | 0 | 2344758 |
| Fox Corp | COM | 35137L105 |  | 375010 | 6421400 | SH |  | SOLE | 0 | 4100826 | 0 | 2320574 |
| First Bancorp Inc/The | COM | 31866P102 |  | 874 | 31198 | SH |  | SOLE | 0 | 700 | 0 | 30498 |
| Exelixis Inc | COM | 30161Q104 |  | 332214 | 7745715 | SH |  | SOLE | 0 | 4545873 | 0 | 3199842 |
| Enhabit Inc | COM | 29332G102 |  | 313 | 22200 | SH |  | SOLE | 0 | 22200 | 0 | 0 |
| East West Bancorp Inc | COM | 27579R104 |  | 30825 | 288730 | SH |  | SOLE | 0 | 155500 | 0 | 133230 |
| Dick's Sporting Goods Inc | COM | 253393102 |  | 1448 | 7300 | SH |  | SOLE | 0 | 7300 | 0 | 0 |
| Cummins Inc | COM | 231021106 |  | 218296 | 405740 | SH |  | SOLE | 0 | 249470 | 0 | 156270 |
| CoreCivic Inc | COM | 21871N101 |  | 140 | 7400 | SH |  | SOLE | 0 | 7400 | 0 | 0 |
| Columbia Banking System Inc | COM | 197236102 |  | 26903 | 980784 | SH |  | SOLE | 0 | 343284 | 0 | 637500 |
| Cirrus Logic Inc | COM | 172755100 |  | 334469 | 2312744 | SH |  | SOLE | 0 | 1468542 | 0 | 844202 |
| Central Garden  Pet Co | COM | 153527205 |  | 81162 | 2503441 | SH |  | SOLE | 0 | 1202636 | 0 | 1300805 |
| Canon Inc | COM | 138006309 |  | 5470 | 196840 | SH |  | SOLE | 0 | 43700 | 0 | 153140 |
| Build-A-Bear Workshop Inc | COM | 120076104 |  | 5752 | 153600 | SH |  | SOLE | 0 | 59300 | 0 | 94300 |
| BorgWarner Inc | COM | 099724106 |  | 350078 | 6451864 | SH |  | SOLE | 0 | 4264200 | 0 | 2187664 |
| Berkshire Hathaway Inc | COM | 084670702 |  | 5367 | 11200 | SH |  | SOLE | 0 | 11200 | 0 | 0 |
| Banco Latinoamericano de Comercio Exterior SA | COM | P16994132 |  | 58937 | 1153826 | SH |  | SOLE | 0 | 711326 | 0 | 442500 |
| Astec Industries Inc | COM | 046224101 |  | 113 | 2100 | SH |  | SOLE | 0 | 2100 | 0 | 0 |
| APA Corp | COM | 03743Q108 |  | 183862 | 4332270 | SH |  | SOLE | 0 | 3155480 | 0 | 1176790 |
| AMC Global Media Inc | COM | 00164V103 |  | 3253 | 479018 | SH |  | SOLE | 0 | 233618 | 0 | 245400 |
| AH Realty Trust Inc | COM | 04208T108 |  | 1925 | 350004 | SH |  | SOLE | 0 | 350004 | 0 | 0 |
| Academy Sports  Outdoors Inc | COM | 00402L107 |  | 172164 | 3049855 | SH |  | SOLE | 0 | 1922355 | 0 | 1127500 |

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