# EDGAR Filing Document

**Accession Number:** 0001698461
**File Stem:** 0001172661-25-004681
**Filing Date:** 2025-11
**Character Count:** 34185
**Document Hash:** 985359b71a004277cf0374b6b02ddff0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-004681.hdr.sgml**: 20251110

**ACCESSION NUMBER**: 0001172661-25-004681

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251110

**DATE AS OF CHANGE**: 20251110

**EFFECTIVENESS DATE**: 20251110

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Counterpoint Mutual Funds LLC
- **CENTRAL INDEX KEY:** 0001698461

**ORGANIZATION NAME:**
- **EIN:** 465751641
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21298
- **FILM NUMBER:** 251466746

**BUSINESS ADDRESS:**
- **STREET 1:** 12770 HIGH BLUFF DRIVE
- **STREET 2:** SUITE #380
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92130
- **BUSINESS PHONE:** 8583149300

**MAIL ADDRESS:**
- **STREET 1:** 12770 HIGH BLUFF DRIVE
- **STREET 2:** SUITE #380
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92130

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Counterpoint Mutual Funds LLC<br>**Address:** 12770 High Bluff Drive<br>Suite #380<br>San Diego, CA 92130

**Form 13F File Number:** 028-21298

**CRD Number (if applicable):** 000172379

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:** Michael Krause<br>**Title:** Chief Investment Officer<br>**Phone:** 8587714000

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

Michael Krause  San Diego, CA  11-10-2025<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:** 318

**Form 13F Information Table Value Total:** $1266281182

      (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 |
| 10X GENOMICS INC | CL A COM | 88025U109 |  | 834643 | 71398 | SH |  | SOLE |  | 71398 | 0 | 0 |
| ACADIA HEALTHCARE COMPANY IN | COM | 00404A109 |  | 407971 | 16477 | SH |  | SOLE |  | 16477 | 0 | 0 |
| ACI WORLDWIDE INC | COM | 004498101 |  | 421949 | 7996 | SH |  | SOLE |  | 7996 | 0 | 0 |
| ADAPTIVE BIOTECHNOLOGIES COR | COM | 00650F109 |  | 556721 | 37214 | SH |  | SOLE |  | 37214 | 0 | 0 |
| ADIENT PLC | ORD SHS | G0084W101 |  | 499780 | 20755 | SH |  | SOLE |  | 20755 | 0 | 0 |
| ADTRAN HOLDINGS INC | COM | 00486H105 |  | 371035 | 39556 | SH |  | SOLE |  | 39556 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 495563 | 3063 | SH |  | SOLE |  | 3063 | 0 | 0 |
| AEVA TECHNOLOGIES INC | COM NEW | 00835Q202 |  | 490854 | 33852 | SH |  | SOLE |  | 33852 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 2307433 | 131778 | SH |  | SOLE |  | 131778 | 0 | 0 |
| ALIGNMENT HEALTHCARE INC | COM | 01625V104 |  | 499594 | 28630 | SH |  | SOLE |  | 28630 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 323263 | 1506 | SH |  | SOLE |  | 1506 | 0 | 0 |
| ALPHA  OMEGA SEMICONDUCTOR | SHS | G6331P104 |  | 349332 | 12494 | SH |  | SOLE |  | 12494 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 342653 | 5187 | SH |  | SOLE |  | 5187 | 0 | 0 |
| AMENTUM HOLDINGS INC | COM | 023939101 |  | 524816 | 21913 | SH |  | SOLE |  | 21913 | 0 | 0 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 493706 | 43924 | SH |  | SOLE |  | 43924 | 0 | 0 |
| AMERICAN AXLE  MFG HLDGS IN | COM | 024061103 |  | 346314 | 57623 | SH |  | SOLE |  | 57623 | 0 | 0 |
| AMERICAN BATTERY TECHNOLOGY | COM NEW | 02451V309 |  | 523058 | 107625 | SH |  | SOLE |  | 107625 | 0 | 0 |
| AMERICAN SUPERCONDUCTOR CORP | SHS NEW | 030111207 |  | 487354 | 8206 | SH |  | SOLE |  | 8206 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 319224 | 1698 | SH |  | SOLE |  | 1698 | 0 | 0 |
| AMN HEALTHCARE SVCS INC | COM | 001744101 |  | 2924134 | 151040 | SH |  | SOLE |  | 151040 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 375581 | 3035 | SH |  | SOLE |  | 3035 | 0 | 0 |
| AMPRIUS TECHNOLOGIES INC | COMMON STOCK | 03214Q108 |  | 501162 | 47639 | SH |  | SOLE |  | 47639 | 0 | 0 |
| APPLIED DIGITAL CORP | COM NEW | 038169207 |  | 517710 | 22568 | SH |  | SOLE |  | 22568 | 0 | 0 |
| ARCHER AVIATION INC | COM CL A | 03945R102 |  | 517195 | 53987 | SH |  | SOLE |  | 53987 | 0 | 0 |
| ARCHROCK INC | COM | 03957W106 |  | 396965 | 15088 | SH |  | SOLE |  | 15088 | 0 | 0 |
| ARDAGH METAL PACKAGING S A | SHS | L02235106 |  | 337698 | 84636 | SH |  | SOLE |  | 84636 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 506488 | 3476 | SH |  | SOLE |  | 3476 | 0 | 0 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 379475 | 1936 | SH |  | SOLE |  | 1936 | 0 | 0 |
| ASPEN AEROGELS INC | COM | 04523Y105 |  | 498301 | 71595 | SH |  | SOLE |  | 71595 | 0 | 0 |
| ASTERA LABS INC | COM | 04626A103 |  | 483822 | 2471 | SH |  | SOLE |  | 2471 | 0 | 0 |
| ASTRONICS CORP | COM | 046433108 |  | 511516 | 11215 | SH |  | SOLE |  | 11215 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 2309495 | 81781 | SH |  | SOLE |  | 81781 | 0 | 0 |
| ATKORE INC | COM | 047649108 |  | 355861 | 5672 | SH |  | SOLE |  | 5672 | 0 | 0 |
| AURA MINERALS INC | SHS NEW | G06973112 |  | 516624 | 13884 | SH |  | SOLE |  | 13884 | 0 | 0 |
| AVANOS MED INC | COM | 05350V106 |  | 342188 | 29601 | SH |  | SOLE |  | 29601 | 0 | 0 |
| AVEANNA HEALTHCARE HLDGS INC | COM | 05356F105 |  | 2853985 | 321757 | SH |  | SOLE |  | 321757 | 0 | 0 |
| AVEPOINT INC | COM CL A | 053604104 |  | 384436 | 25612 | SH |  | SOLE |  | 25612 | 0 | 0 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 877061 | 5462 | SH |  | SOLE |  | 5462 | 0 | 0 |
| BACKBLAZE INC | COM CL A | 05637B105 |  | 479692 | 51691 | SH |  | SOLE |  | 51691 | 0 | 0 |
| BALLARD PWR SYS INC NEW | COM | 058586108 |  | 500143 | 183876 | SH |  | SOLE |  | 183876 | 0 | 0 |
| BEACON FINANCIAL CORP. | COM | 084680107 |  | 289950 | 12229 | SH |  | SOLE |  | 12229 | 0 | 0 |
| BED BATH  BEYOND INC | COM | 690370101 |  | 920035 | 93977 | SH |  | SOLE |  | 93977 | 0 | 0 |
| BGC GROUP INC | CL A | 088929104 |  | 315699 | 33372 | SH |  | SOLE |  | 33372 | 0 | 0 |
| BLOCK H  R INC | COM | 093671105 |  | 360160 | 7122 | SH |  | SOLE |  | 7122 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 567634 | 6712 | SH |  | SOLE |  | 6712 | 0 | 0 |
| BLOOMIN BRANDS INC | COM | 094235108 |  | 3092844 | 431359 | SH |  | SOLE |  | 431359 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 303044 | 3104 | SH |  | SOLE |  | 3104 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 |  | 396985 | 7479 | SH |  | SOLE |  | 7479 | 0 | 0 |
| BRINKER INTL INC | COM | 109641100 |  | 294911 | 2328 | SH |  | SOLE |  | 2328 | 0 | 0 |
| BRINKS CO | COM | 109696104 |  | 366940 | 3140 | SH |  | SOLE |  | 3140 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 496185 | 1504 | SH |  | SOLE |  | 1504 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 312955 | 1314 | SH |  | SOLE |  | 1314 | 0 | 0 |
| BUILD-A-BEAR WORKSHOP INC | COM | 120076104 |  | 455035 | 6978 | SH |  | SOLE |  | 6978 | 0 | 0 |
| BUMBLE INC | COM CL A | 12047B105 |  | 3104426 | 509758 | SH |  | SOLE |  | 509758 | 0 | 0 |
| CALIX INC | COM | 13100M509 |  | 2303462 | 37534 | SH |  | SOLE |  | 37534 | 0 | 0 |
| CANADIAN SOLAR INC | COM | 136635109 |  | 503905 | 38643 | SH |  | SOLE |  | 38643 | 0 | 0 |
| CAPRI HOLDINGS LIMITED | SHS | G1890L107 |  | 845664 | 42453 | SH |  | SOLE |  | 42453 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 2707717 | 17251 | SH |  | SOLE |  | 17251 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 362908 | 1478 | SH |  | SOLE |  | 1478 | 0 | 0 |
| CASELLA WASTE SYS INC | CL A | 147448104 |  | 333124 | 3511 | SH |  | SOLE |  | 3511 | 0 | 0 |
| CELANESE CORP DEL | COM | 150870103 |  | 853130 | 20274 | SH |  | SOLE |  | 20274 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 506947 | 8818 | SH |  | SOLE |  | 8818 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 2329286 | 7453 | SH |  | SOLE |  | 7453 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 3280526 | 91943 | SH |  | SOLE |  | 91943 | 0 | 0 |
| CENTURI HOLDINGS INC | COM SHS | 155923105 |  | 501369 | 23683 | SH |  | SOLE |  | 23683 | 0 | 0 |
| CHINA YUCHAI INTL LTD | COM | G21082105 |  | 500329 | 12094 | SH |  | SOLE |  | 12094 | 0 | 0 |
| CHURCHILL DOWNS INC | COM | 171484108 |  | 297724 | 3069 | SH |  | SOLE |  | 3069 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 2818569 | 19349 | SH |  | SOLE |  | 19349 | 0 | 0 |
| CLEARPOINT NEURO INC | COM | 18507C103 |  | 513612 | 23571 | SH |  | SOLE |  | 23571 | 0 | 0 |
| CNO FINL GROUP INC | COM | 12621E103 |  | 348673 | 8816 | SH |  | SOLE |  | 8816 | 0 | 0 |
| COEUR MNG INC | COM NEW | 192108504 |  | 585706 | 31221 | SH |  | SOLE |  | 31221 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 318481 | 3984 | SH |  | SOLE |  | 3984 | 0 | 0 |
| COMMSCOPE HLDG CO INC | COM | 20337X109 |  | 502202 | 32442 | SH |  | SOLE |  | 32442 | 0 | 0 |
| COMMVAULT SYS INC | COM | 204166102 |  | 358682 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| COMPASS INC | CL A | 20464U100 |  | 500173 | 62288 | SH |  | SOLE |  | 62288 | 0 | 0 |
| COMPOSECURE INC | COM CL A | 20459V105 |  | 500950 | 24061 | SH |  | SOLE |  | 24061 | 0 | 0 |
| CONSTELLIUM SE | CL A SHS | F21107101 |  | 365557 | 24567 | SH |  | SOLE |  | 24567 | 0 | 0 |
| COOPER STD HLDGS INC | COM | 21676P103 |  | 517057 | 14001 | SH |  | SOLE |  | 14001 | 0 | 0 |
| CORECIVIC INC | COM | 21871N101 |  | 2175313 | 106895 | SH |  | SOLE |  | 106895 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 2782950 | 33926 | SH |  | SOLE |  | 33926 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 308235 | 333 | SH |  | SOLE |  | 333 | 0 | 0 |
| COTY INC | COM CL A | 222070203 |  | 292488 | 72398 | SH |  | SOLE |  | 72398 | 0 | 0 |
| DAKTRONICS INC | COM | 234264109 |  | 383380 | 18326 | SH |  | SOLE |  | 18326 | 0 | 0 |
| DANA INC | COM | 235825205 |  | 883844 | 44104 | SH |  | SOLE |  | 44104 | 0 | 0 |
| DAVE INC | CLASS A COM NEW | 23834J201 |  | 472858 | 2372 | SH |  | SOLE |  | 2372 | 0 | 0 |
| DELEK US HLDGS INC NEW | COM | 24665A103 |  | 2833984 | 87821 | SH |  | SOLE |  | 87821 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 346463 | 9882 | SH |  | SOLE |  | 9882 | 0 | 0 |
| DIGITAL TURBINE INC | COM NEW | 25400W102 |  | 552666 | 86354 | SH |  | SOLE |  | 86354 | 0 | 0 |
| DOMO INC | COM CL B | 257554105 |  | 485718 | 30664 | SH |  | SOLE |  | 30664 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 372354 | 1369 | SH |  | SOLE |  | 1369 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 425733 | 5820 | SH |  | SOLE |  | 5820 | 0 | 0 |
| DUTCH BROS INC | CL A | 26701L100 |  | 301321 | 5757 | SH |  | SOLE |  | 5757 | 0 | 0 |
| DXC TECHNOLOGY CO | COM | 23355L106 |  | 343312 | 25188 | SH |  | SOLE |  | 25188 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 521462 | 6829 | SH |  | SOLE |  | 6829 | 0 | 0 |
| ELASTIC N V | ORD SHS | N14506104 |  | 484043 | 5729 | SH |  | SOLE |  | 5729 | 0 | 0 |
| ELBIT SYS LTD | ORD | M3760D101 |  | 509800 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| ENERGY FUELS INC | COM NEW | 292671708 |  | 564297 | 36762 | SH |  | SOLE |  | 36762 | 0 | 0 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 |  | 513165 | 45054 | SH |  | SOLE |  | 45054 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 310063 | 6106 | SH |  | SOLE |  | 6106 | 0 | 0 |
| ETORO GROUP LTD | SHS CL A | G32089107 |  | 490783 | 11892 | SH |  | SOLE |  | 11892 | 0 | 0 |
| EVERUS CONSTR GROUP | COM | 300426103 |  | 514243 | 5997 | SH |  | SOLE |  | 5997 | 0 | 0 |
| EVOLENT HEALTH INC | CL A | 30050B101 |  | 476611 | 56337 | SH |  | SOLE |  | 56337 | 0 | 0 |
| EXP WORLD HLDGS INC | COM | 30212W100 |  | 477259 | 44771 | SH |  | SOLE |  | 44771 | 0 | 0 |
| EXTREME NETWORKS | COM | 30226D106 |  | 2734865 | 132439 | SH |  | SOLE |  | 132439 | 0 | 0 |
| EZCORP INC | CL A NON VTG | 302301106 |  | 425563 | 22351 | SH |  | SOLE |  | 22351 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 322588 | 1368 | SH |  | SOLE |  | 1368 | 0 | 0 |
| FIRST BANCORP P R | COM NEW | 318672706 |  | 336329 | 15253 | SH |  | SOLE |  | 15253 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 355655 | 15730 | SH |  | SOLE |  | 15730 | 0 | 0 |
| FLUENCE ENERGY INC | COM CL A | 34379V103 |  | 468169 | 43349 | SH |  | SOLE |  | 43349 | 0 | 0 |
| FORTREA HLDGS INC | COMMON STOCK | 34965K107 |  | 872699 | 103646 | SH |  | SOLE |  | 103646 | 0 | 0 |
| FORWARD AIR CORP | COM | 34986A104 |  | 485416 | 18932 | SH |  | SOLE |  | 18932 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 |  | 335416 | 5319 | SH |  | SOLE |  | 5319 | 0 | 0 |
| FOX FACTORY HLDG CORP | COM | 35138V102 |  | 809343 | 33320 | SH |  | SOLE |  | 33320 | 0 | 0 |
| FRANKLIN ELEC INC | COM | 353514102 |  | 349098 | 3667 | SH |  | SOLE |  | 3667 | 0 | 0 |
| FUBOTV INC | COM | 35953D104 |  | 494136 | 119069 | SH |  | SOLE |  | 119069 | 0 | 0 |
| GARRETT MOTION INC | COM | 366505105 |  | 2342885 | 172018 | SH |  | SOLE |  | 172018 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 356189 | 1355 | SH |  | SOLE |  | 1355 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 357955 | 5871 | SH |  | SOLE |  | 5871 | 0 | 0 |
| GIGACLOUD TECHNOLOGY INC | CLASS A ORD | G38644103 |  | 331542 | 11674 | SH |  | SOLE |  | 11674 | 0 | 0 |
| GLOBAL SHIP LEASE INC NEW | COM CL A | Y27183600 |  | 365299 | 11899 | SH |  | SOLE |  | 11899 | 0 | 0 |
| GLOBALFOUNDRIES INC | ORDINARY SHARES | G39387108 |  | 355784 | 9927 | SH |  | SOLE |  | 9927 | 0 | 0 |
| GLOBANT S A | COM | L44385109 |  | 2945258 | 51329 | SH |  | SOLE |  | 51329 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 372866 | 2608 | SH |  | SOLE |  | 2608 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 308278 | 2253 | SH |  | SOLE |  | 2253 | 0 | 0 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 |  | 493358 | 65957 | SH |  | SOLE |  | 65957 | 0 | 0 |
| GORILLA TECHNOLOGY GROUP INC | SHS NEW | G4000K175 |  | 470988 | 25514 | SH |  | SOLE |  | 25514 | 0 | 0 |
| GREEN DOT CORP | CL A | 39304D102 |  | 2654480 | 197653 | SH |  | SOLE |  | 197653 | 0 | 0 |
| GREEN PLAINS INC | COM | 393222104 |  | 867802 | 98726 | SH |  | SOLE |  | 98726 | 0 | 0 |
| GRIFFON CORP | COM | 398433102 |  | 363540 | 4774 | SH |  | SOLE |  | 4774 | 0 | 0 |
| GROUPON INC | COM NEW | 399473206 |  | 2835601 | 121439 | SH |  | SOLE |  | 121439 | 0 | 0 |
| GUARDIAN PHARMACY SVCS INC | CL A | 40145W101 |  | 511354 | 19495 | SH |  | SOLE |  | 19495 | 0 | 0 |
| HALLADOR ENERGY COMPANY | COM | 40609P105 |  | 432869 | 22119 | SH |  | SOLE |  | 22119 | 0 | 0 |
| HELEN OF TROY LTD | COM | G4388N106 |  | 3160483 | 125416 | SH |  | SOLE |  | 125416 | 0 | 0 |
| HELIOS TECHNOLOGIES INC | COM | 42328H109 |  | 335821 | 6442 | SH |  | SOLE |  | 6442 | 0 | 0 |
| HERITAGE INSURANCE HLDGS INC | COM | 42727J102 |  | 937779 | 37243 | SH |  | SOLE |  | 37243 | 0 | 0 |
| HINGE HEALTH INC | CL A | 433313103 |  | 499683 | 10181 | SH |  | SOLE |  | 10181 | 0 | 0 |
| HIVE DIGITAL TECHNOLOGIES LT | COM NEW | 433921103 |  | 527080 | 130789 | SH |  | SOLE |  | 130789 | 0 | 0 |
| HUNTSMAN CORP | COM | 447011107 |  | 808362 | 90018 | SH |  | SOLE |  | 90018 | 0 | 0 |
| ICAHN ENTERPRISES LP | DEPOSITARY UNIT | 451100101 |  | 528667 | 62787 | SH |  | SOLE |  | 62787 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 323278 | 506 | SH |  | SOLE |  | 506 | 0 | 0 |
| IHS HOLDING LIMITED | ORD SHS | G4701H109 |  | 514133 | 75386 | SH |  | SOLE |  | 75386 | 0 | 0 |
| IMPINJ INC | COM | 453204109 |  | 507185 | 2806 | SH |  | SOLE |  | 2806 | 0 | 0 |
| INGRAM MICRO HLDG CORP | COM | 457152106 |  | 514342 | 23934 | SH |  | SOLE |  | 23934 | 0 | 0 |
| INSPIRE MED SYS INC | COM | 457730109 |  | 313198 | 4221 | SH |  | SOLE |  | 4221 | 0 | 0 |
| INTEGRA LIFESCIENCES HLDGS C | COM NEW | 457985208 |  | 532890 | 37187 | SH |  | SOLE |  | 37187 | 0 | 0 |
| INTERDIGITAL INC | COM | 45867G101 |  | 905538 | 2623 | SH |  | SOLE |  | 2623 | 0 | 0 |
| INTERFACE INC | COM | 458665304 |  | 405999 | 14029 | SH |  | SOLE |  | 14029 | 0 | 0 |
| IRHYTHM TECHNOLOGIES INC | COM | 450056106 |  | 498771 | 2900 | SH |  | SOLE |  | 2900 | 0 | 0 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 544405418 | 14409884 | SH |  | SOLE |  | 14409884 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 56449431 | 84341 | SH |  | SOLE |  | 84341 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 281418180 | 3466168 | SH |  | SOLE |  | 3466168 | 0 | 0 |
| ITT INC | COM | 45073V108 |  | 349655 | 1956 | SH |  | SOLE |  | 1956 | 0 | 0 |
| JACKSON FINANCIAL INC | COM CL A | 46817M107 |  | 347118 | 3429 | SH |  | SOLE |  | 3429 | 0 | 0 |
| JFROG LTD | ORD SHS | M6191J100 |  | 473111 | 9996 | SH |  | SOLE |  | 9996 | 0 | 0 |
| KIMBALL ELECTRONICS INC | COM | 49428J109 |  | 2337053 | 78267 | SH |  | SOLE |  | 78267 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 366246 | 12937 | SH |  | SOLE |  | 12937 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 2341740 | 94235 | SH |  | SOLE |  | 94235 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 392610 | 364 | SH |  | SOLE |  | 364 | 0 | 0 |
| KLAVIYO INC | COM SER A | 49845K101 |  | 754303 | 27241 | SH |  | SOLE |  | 27241 | 0 | 0 |
| KRISPY KREME INC | COM | 50101L106 |  | 934446 | 241459 | SH |  | SOLE |  | 241459 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 2331510 | 34587 | SH |  | SOLE |  | 34587 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 406501 | 1331 | SH |  | SOLE |  | 1331 | 0 | 0 |
| LANDBRIDGE COMPANY LLC | CL A | 514952100 |  | 498929 | 9352 | SH |  | SOLE |  | 9352 | 0 | 0 |
| LAUREATE EDUCATION INC | COMMON STOCK | 518613203 |  | 2310620 | 73260 | SH |  | SOLE |  | 73260 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 |  | 309676 | 585 | SH |  | SOLE |  | 585 | 0 | 0 |
| LEONARDO DRS INC | COM | 52661A108 |  | 367195 | 8088 | SH |  | SOLE |  | 8088 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL A | G61188101 |  | 830437 | 72464 | SH |  | SOLE |  | 72464 | 0 | 0 |
| LIFE TIME GROUP HOLDINGS INC | COMMON STOCK | 53190C102 |  | 321098 | 11634 | SH |  | SOLE |  | 11634 | 0 | 0 |
| LIFE360 INC | COM | 532206109 |  | 496953 | 4675 | SH |  | SOLE |  | 4675 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 360820 | 1530 | SH |  | SOLE |  | 1530 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 321575 | 677 | SH |  | SOLE |  | 677 | 0 | 0 |
| LITHIUM AMERS CORP NEW | COM SHS | 53681J103 |  | 500933 | 87729 | SH |  | SOLE |  | 87729 | 0 | 0 |
| LITHIUM ARGENTINA AG | COM SHS | H5012F103 |  | 481023 | 144019 | SH |  | SOLE |  | 144019 | 0 | 0 |
| LITTELFUSE INC | COM | 537008104 |  | 343188 | 1325 | SH |  | SOLE |  | 1325 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 314055 | 1922 | SH |  | SOLE |  | 1922 | 0 | 0 |
| LOANDEPOT INC | COM CL A | 53946R106 |  | 488753 | 159203 | SH |  | SOLE |  | 159203 | 0 | 0 |
| LSB INDS INC | COM | 502160104 |  | 366318 | 46487 | SH |  | SOLE |  | 46487 | 0 | 0 |
| LUCID GROUP INC | COM NEW | 549498202 |  | 495998 | 20849 | SH |  | SOLE |  | 20849 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 459098 | 75016 | SH |  | SOLE |  | 75016 | 0 | 0 |
| M/I HOMES INC | COM | 55305B101 |  | 365144 | 2528 | SH |  | SOLE |  | 2528 | 0 | 0 |
| MACOM TECH SOLUTIONS HLDGS I | COM | 55405Y100 |  | 496591 | 3989 | SH |  | SOLE |  | 3989 | 0 | 0 |
| MAGNITE INC | COM | 55955D100 |  | 482558 | 22156 | SH |  | SOLE |  | 22156 | 0 | 0 |
| MANPOWERGROUP INC WIS | COM | 56418H100 |  | 496452 | 13099 | SH |  | SOLE |  | 13099 | 0 | 0 |
| MAPLEBEAR INC | COM | 565394103 |  | 2238941 | 60907 | SH |  | SOLE |  | 60907 | 0 | 0 |
| MAREX GROUP PLC | ORD | G5S37H101 |  | 496231 | 14760 | SH |  | SOLE |  | 14760 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 315690 | 555 | SH |  | SOLE |  | 555 | 0 | 0 |
| MATIV HOLDINGS INC | COM | 808541106 |  | 503646 | 44531 | SH |  | SOLE |  | 44531 | 0 | 0 |
| MCGRAW HILL INC | COM | 580907103 |  | 457134 | 36425 | SH |  | SOLE |  | 36425 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 2707753 | 3505 | SH |  | SOLE |  | 3505 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 342577 | 4159 | SH |  | SOLE |  | 4159 | 0 | 0 |
| MFA FINL INC | COM | 55272X607 |  | 303794 | 33057 | SH |  | SOLE |  | 33057 | 0 | 0 |
| MGP INGREDIENTS INC NEW | COM | 55303J106 |  | 490984 | 20297 | SH |  | SOLE |  | 20297 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 2350177 | 14046 | SH |  | SOLE |  | 14046 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 2310057 | 4460 | SH |  | SOLE |  | 4460 | 0 | 0 |
| MICROVAST HOLDINGS INC | COM | 59516C106 |  | 510260 | 132535 | SH |  | SOLE |  | 132535 | 0 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 2316135 | 47716 | SH |  | SOLE |  | 47716 | 0 | 0 |
| MNTN INC | CL A | 55318A108 |  | 501277 | 27023 | SH |  | SOLE |  | 27023 | 0 | 0 |
| MOBILEYE GLOBAL INC | COMMON CLASS A | 60741F104 |  | 876499 | 62075 | SH |  | SOLE |  | 62075 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 380213 | 1963 | SH |  | SOLE |  | 1963 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 2651745 | 39396 | SH |  | SOLE |  | 39396 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 286364 | 601 | SH |  | SOLE |  | 601 | 0 | 0 |
| MOOG INC | CL A | 615394202 |  | 399142 | 1922 | SH |  | SOLE |  | 1922 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 341581 | 602 | SH |  | SOLE |  | 602 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 390588 | 3863 | SH |  | SOLE |  | 3863 | 0 | 0 |
| NABORS INDUSTRIES LTD | SHS | G6359F137 |  | 494404 | 12097 | SH |  | SOLE |  | 12097 | 0 | 0 |
| NANO NUCLEAR ENERGY INC | COM | 63010H108 |  | 483118 | 12529 | SH |  | SOLE |  | 12529 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 348327 | 3771 | SH |  | SOLE |  | 3771 | 0 | 0 |
| NCR ATLEOS CORPORATION | COM SHS | 63001N106 |  | 364640 | 9276 | SH |  | SOLE |  | 9276 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 2289937 | 1910 | SH |  | SOLE |  | 1910 | 0 | 0 |
| NEW FORTRESS ENERGY INC | COM CL A | 644393100 |  | 365519 | 165393 | SH |  | SOLE |  | 165393 | 0 | 0 |
| NEWELL BRANDS INC | COM | 651229106 |  | 513494 | 97995 | SH |  | SOLE |  | 97995 | 0 | 0 |
| NEWMARK GROUP INC | CL A | 65158N102 |  | 349259 | 18727 | SH |  | SOLE |  | 18727 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 2681648 | 31807 | SH |  | SOLE |  | 31807 | 0 | 0 |
| NEWSMAX INC | COM SHS CLASS B | 65250K105 |  | 507718 | 40945 | SH |  | SOLE |  | 40945 | 0 | 0 |
| NIOCORP DEVS LTD | COM NEW | 654484609 |  | 499049 | 74708 | SH |  | SOLE |  | 74708 | 0 | 0 |
| NLIGHT INC | COM | 65487K100 |  | 505636 | 17065 | SH |  | SOLE |  | 17065 | 0 | 0 |
| NORTHERN LTS FD TR III | CP HIGH YILD TRD | 66538R722 |  | 2353713 | 107500 | SH |  | SOLE |  | 107500 | 0 | 0 |
| NORTHERN LTS FD TR III | COUNTERPOINT QUA | 66538R540 |  | 51357329 | 1300416 | SH |  | SOLE |  | 1300416 | 0 | 0 |
| NOVOCURE LTD | ORD SHS | G6674U108 |  | 405184 | 31361 | SH |  | SOLE |  | 31361 | 0 | 0 |
| NPK INTERNATIONAL INC | COM SHS | 651718504 |  | 421150 | 37237 | SH |  | SOLE |  | 37237 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 355804 | 2197 | SH |  | SOLE |  | 2197 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 364080 | 3691 | SH |  | SOLE |  | 3691 | 0 | 0 |
| OFG BANCORP | COM | 67103X102 |  | 348616 | 8016 | SH |  | SOLE |  | 8016 | 0 | 0 |
| OKLO INC | COM CL A | 02156V109 |  | 470297 | 4213 | SH |  | SOLE |  | 4213 | 0 | 0 |
| OMADA HEALTH INC | COM | 68170A108 |  | 503312 | 22764 | SH |  | SOLE |  | 22764 | 0 | 0 |
| ONESTREAM INC | CL A | 68278B107 |  | 480323 | 26062 | SH |  | SOLE |  | 26062 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC | COM | 683712103 |  | 475626 | 59677 | SH |  | SOLE |  | 59677 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 2789338 | 9918 | SH |  | SOLE |  | 9918 | 0 | 0 |
| ORION S.A. | COM | L72967109 |  | 225763 | 29784 | SH |  | SOLE |  | 29784 | 0 | 0 |
| OUSTER INC | COM NEW | 68989M202 |  | 490579 | 18136 | SH |  | SOLE |  | 18136 | 0 | 0 |
| P10 INC | COM CL A | 69376K106 |  | 315292 | 28979 | SH |  | SOLE |  | 28979 | 0 | 0 |
| PAGAYA TECHNOLOGIES LTD | CL A NEW | M7S64L123 |  | 353816 | 11917 | SH |  | SOLE |  | 11917 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 508952 | 2790 | SH |  | SOLE |  | 2790 | 0 | 0 |
| PAR PAC HOLDINGS INC | COM NEW | 69888T207 |  | 3285736 | 92765 | SH |  | SOLE |  | 92765 | 0 | 0 |
| PBF ENERGY INC | CL A | 69318G106 |  | 502300 | 16649 | SH |  | SOLE |  | 16649 | 0 | 0 |
| PENGUIN SOLUTIONS INC | COM | 706915105 |  | 391782 | 14908 | SH |  | SOLE |  | 14908 | 0 | 0 |
| PETCO HEALTH  WELLNESS CO I | COM | 71601V105 |  | 547857 | 141565 | SH |  | SOLE |  | 141565 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 2284425 | 14084 | SH |  | SOLE |  | 14084 | 0 | 0 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 304480 | 16693 | SH |  | SOLE |  | 16693 | 0 | 0 |
| POLARIS INC | COM | 731068102 |  | 493582 | 8491 | SH |  | SOLE |  | 8491 | 0 | 0 |
| POPULAR INC | COM NEW | 733174700 |  | 351310 | 2766 | SH |  | SOLE |  | 2766 | 0 | 0 |
| POWER SOLUTIONS INTL INC | COM NEW | 73933G202 |  | 459375 | 4677 | SH |  | SOLE |  | 4677 | 0 | 0 |
| PRIMORIS SVCS CORP | COM | 74164F103 |  | 424075 | 3088 | SH |  | SOLE |  | 3088 | 0 | 0 |
| PROFRAC HLDG CORP | CLASS A COM | 74319N100 |  | 501013 | 135409 | SH |  | SOLE |  | 135409 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 307383 | 3683 | SH |  | SOLE |  | 3683 | 0 | 0 |
| PUBMATIC INC | COM CL A | 74467Q103 |  | 359592 | 43429 | SH |  | SOLE |  | 43429 | 0 | 0 |
| PURE STORAGE INC | CL A | 74624M102 |  | 450311 | 5373 | SH |  | SOLE |  | 5373 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 476079 | 2070 | SH |  | SOLE |  | 2070 | 0 | 0 |
| RESIDEO TECHNOLOGIES INC | COM | 76118Y104 |  | 3397532 | 78683 | SH |  | SOLE |  | 78683 | 0 | 0 |
| REV GROUP INC | COM | 749527107 |  | 2809982 | 49585 | SH |  | SOLE |  | 49585 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 2742973 | 19802 | SH |  | SOLE |  | 19802 | 0 | 0 |
| RUBRIK INC. | CL A | 781154109 |  | 493253 | 5997 | SH |  | SOLE |  | 5997 | 0 | 0 |
| RUSH STREET INTERACTIVE INC | COM | 782011100 |  | 391086 | 19096 | SH |  | SOLE |  | 19096 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 272558 | 560 | SH |  | SOLE |  | 560 | 0 | 0 |
| SAILPOINT INC | COM | 78781J109 |  | 485120 | 21971 | SH |  | SOLE |  | 21971 | 0 | 0 |
| SALLY BEAUTY HLDGS INC | COM | 79546E104 |  | 423443 | 26010 | SH |  | SOLE |  | 26010 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 496822 | 4428 | SH |  | SOLE |  | 4428 | 0 | 0 |
| SCHOLASTIC CORP | COM | 807066105 |  | 500479 | 18279 | SH |  | SOLE |  | 18279 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 2902358 | 12295 | SH |  | SOLE |  | 12295 | 0 | 0 |
| SEALSQ CORP | ORD SHS | G79483106 |  | 502334 | 134314 | SH |  | SOLE |  | 134314 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 351547 | 382 | SH |  | SOLE |  | 382 | 0 | 0 |
| SERVICETITAN INC | SHS CL A | 81764X103 |  | 482371 | 4784 | SH |  | SOLE |  | 4784 | 0 | 0 |
| SKYWEST INC | COM | 830879102 |  | 314639 | 3127 | SH |  | SOLE |  | 3127 | 0 | 0 |
| SMITHFIELD FOODS INC | COM | 832248207 |  | 503223 | 21432 | SH |  | SOLE |  | 21432 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 480474 | 18186 | SH |  | SOLE |  | 18186 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 482998 | 13054 | SH |  | SOLE |  | 13054 | 0 | 0 |
| SOLARIS ENERGY INFRAS INC | COM CL A | 83418M103 |  | 481279 | 12041 | SH |  | SOLE |  | 12041 | 0 | 0 |
| SONOS INC | COM | 83570H108 |  | 410010 | 25950 | SH |  | SOLE |  | 25950 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG HIGH Y | 78468R622 |  | 56633810 | 577955 | SH |  | SOLE |  | 577955 | 0 | 0 |
| SPROUT SOCIAL INC | COM CL A | 85209W109 |  | 2617734 | 202611 | SH |  | SOLE |  | 202611 | 0 | 0 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 266234 | 2447 | SH |  | SOLE |  | 2447 | 0 | 0 |
| SSR MINING IN | COM | 784730103 |  | 2288569 | 93717 | SH |  | SOLE |  | 93717 | 0 | 0 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 496612 | 1462 | SH |  | SOLE |  | 1462 | 0 | 0 |
| STITCH FIX INC | COM CL A | 860897107 |  | 473280 | 108800 | SH |  | SOLE |  | 108800 | 0 | 0 |
| SUNRUN INC | COM | 86771W105 |  | 485935 | 28105 | SH |  | SOLE |  | 28105 | 0 | 0 |
| SUPER GROUP SGHC LIMITED | ORD SHS | G8588X103 |  | 2729126 | 206752 | SH |  | SOLE |  | 206752 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 501948 | 1180 | SH |  | SOLE |  | 1180 | 0 | 0 |
| TANDEM DIABETES CARE INC | COM NEW | 875372203 |  | 513097 | 42265 | SH |  | SOLE |  | 42265 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 2743660 | 24233 | SH |  | SOLE |  | 24233 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 326368 | 1948 | SH |  | SOLE |  | 1948 | 0 | 0 |
| TASEKO MINES LTD | COM | 876511106 |  | 500671 | 118362 | SH |  | SOLE |  | 118362 | 0 | 0 |
| TELADOC HEALTH INC | COM | 87918A105 |  | 474954 | 61443 | SH |  | SOLE |  | 61443 | 0 | 0 |
| TELOS CORP MD | COM | 87969B101 |  | 494689 | 72323 | SH |  | SOLE |  | 72323 | 0 | 0 |
| THE ODP CORP | COM | 88337F105 |  | 527145 | 18928 | SH |  | SOLE |  | 18928 | 0 | 0 |
| THE REAL BROKERAGE INC | COM NEW | 75585H206 |  | 777062 | 185900 | SH |  | SOLE |  | 185900 | 0 | 0 |
| THE REALREAL INC | COM | 88339P101 |  | 500662 | 47099 | SH |  | SOLE |  | 47099 | 0 | 0 |
| TOPGOLF CALLAWAY BRANDS CORP | COM | 131193104 |  | 348745 | 36710 | SH |  | SOLE |  | 36710 | 0 | 0 |
| TORM PLC | SHS CL A | G89479102 |  | 496138 | 24061 | SH |  | SOLE |  | 24061 | 0 | 0 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 1077632 | 14905 | SH |  | SOLE |  | 14905 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 319002 | 756 | SH |  | SOLE |  | 756 | 0 | 0 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 501518 | 160743 | SH |  | SOLE |  | 160743 | 0 | 0 |
| TREEHOUSE FOODS INC | COM | 89469A104 |  | 3310539 | 163807 | SH |  | SOLE |  | 163807 | 0 | 0 |
| TRONOX HOLDINGS PLC | SHS | G9087Q102 |  | 2770383 | 689150 | SH |  | SOLE |  | 689150 | 0 | 0 |
| TTM TECHNOLOGIES INC | COM | 87305R109 |  | 501466 | 8706 | SH |  | SOLE |  | 8706 | 0 | 0 |
| TUTOR PERINI CORP | COM | 901109108 |  | 3223027 | 49139 | SH |  | SOLE |  | 49139 | 0 | 0 |
| UBIQUITI INC | COM | 90353W103 |  | 490150 | 742 | SH |  | SOLE |  | 742 | 0 | 0 |
| UDEMY INC | COM | 902685106 |  | 362130 | 51659 | SH |  | SOLE |  | 51659 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 348409 | 1474 | SH |  | SOLE |  | 1474 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 339005 | 3513 | SH |  | SOLE |  | 3513 | 0 | 0 |
| UNITED NAT FOODS INC | COM | 911163103 |  | 1089024 | 28948 | SH |  | SOLE |  | 28948 | 0 | 0 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 291440 | 5737 | SH |  | SOLE |  | 5737 | 0 | 0 |
| VANECK ETF TRUST | HIGH YLD MUNIETF | 92189H409 |  | 18229835 | 358150 | SH |  | SOLE |  | 358150 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 2244388 | 8028 | SH |  | SOLE |  | 8028 | 0 | 0 |
| VERMILION ENERGY INC | COM | 923725105 |  | 408626 | 52254 | SH |  | SOLE |  | 52254 | 0 | 0 |
| VESTIS CORPORATION | COM SHS | 29430C102 |  | 3265876 | 720944 | SH |  | SOLE |  | 720944 | 0 | 0 |
| VIASAT INC | COM | 92552V100 |  | 901239 | 30759 | SH |  | SOLE |  | 30759 | 0 | 0 |
| VIAVI SOLUTIONS INC | COM | 925550105 |  | 405712 | 31971 | SH |  | SOLE |  | 31971 | 0 | 0 |
| VIRTU FINL INC | CL A | 928254101 |  | 317264 | 8937 | SH |  | SOLE |  | 8937 | 0 | 0 |
| WAYFAIR INC | CL A | 94419L101 |  | 922600 | 10328 | SH |  | SOLE |  | 10328 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 |  | 342256 | 5758 | SH |  | SOLE |  | 5758 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 337459 | 4026 | SH |  | SOLE |  | 4026 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 2388594 | 19895 | SH |  | SOLE |  | 19895 | 0 | 0 |
| WILLDAN GROUP INC | COM | 96924N100 |  | 500081 | 5172 | SH |  | SOLE |  | 5172 | 0 | 0 |
| WOLVERINE WORLD WIDE INC | COM | 978097103 |  | 859997 | 31341 | SH |  | SOLE |  | 31341 | 0 | 0 |
| XOMETRY INC | CLASS A COM | 98423F109 |  | 479390 | 8801 | SH |  | SOLE |  | 8801 | 0 | 0 |
| XPLR INFRASTRUCTURE LP | COM UNIT PART IN | 65341B106 |  | 3148205 | 309558 | SH |  | SOLE |  | 309558 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 356655 | 2418 | SH |  | SOLE |  | 2418 | 0 | 0 |
| ZIM INTEGRATED SHIPPING SERV | SHS | M9T951109 |  | 493383 | 36412 | SH |  | SOLE |  | 36412 | 0 | 0 |

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