# EDGAR Filing Document

**Accession Number:** 0001050470
**File Stem:** 0001050470-26-000003
**Filing Date:** 2026-2
**Character Count:** 91900
**Document Hash:** 928c66f2205555bd69981a3345808547
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001050470-26-000003.hdr.sgml**: 20260206

**ACCESSION NUMBER**: 0001050470-26-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260206

**DATE AS OF CHANGE**: 20260206

**EFFECTIVENESS DATE**: 20260206

**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:** 26607630

**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:** 12-31-2025

**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:** 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  02-06-2026<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:** 882

**Form 13F Information Table Value Total:** $45858431

      (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 |
| WSFS Financial Corp | COM | 929328102 |  | 133 | 2400 | SH |  | SOLE | 0 | 2400 | 0 | 0 |
| Walmart Inc | COM | 931142103 |  | 1370 | 12300 | SH |  | SOLE | 0 | 12300 | 0 | 0 |
| Valmont Industries Inc | COM | 920253101 |  | 241 | 600 | SH |  | SOLE | 0 | 600 | 0 | 0 |
| United Therapeutics Corp | COM | 91307C102 |  | 198830 | 408065 | SH |  | SOLE | 0 | 266280 | 0 | 141785 |
| Truist Financial Corp | COM | 89832Q109 |  | 53683 | 1090900 | SH |  | SOLE | 0 | 861800 | 0 | 229100 |
| Thermo Fisher Scientific Inc | COM | 883556102 |  | 522 | 900 | SH |  | SOLE | 0 | 900 | 0 | 0 |
| Tandy Brands Accessories Inc | COM | 875378101 |  | 0 | 3500 | SH |  | SOLE | 0 | 3500 | 0 | 0 |
| Steel Dynamics Inc | COM | 858119100 |  | 131805 | 777838 | SH |  | SOLE | 0 | 578545 | 0 | 199293 |
| SK Telecom Co Ltd | COM | 78440P306 |  | 4344 | 211586 | SH |  | SOLE | 0 | 131186 | 0 | 80400 |
| Scorpio Tankers Inc | COM | Y7542C130 |  | 87706 | 1725486 | SH |  | SOLE | 0 | 1123087 | 0 | 602399 |
| Rocky Brands Inc | COM | 774515100 |  | 4293 | 146365 | SH |  | SOLE | 0 | 84565 | 0 | 61800 |
| RCM Technologies Inc | COM | 749360400 |  | 1246 | 60937 | SH |  | SOLE | 0 | 53737 | 0 | 7200 |
| Prospect Capital Corp | COM | 74348T102 |  | 1388 | 535835 | SH |  | SOLE | 0 | 282302 | 0 | 253533 |
| Playtika Holding Corp | COM | 72815L107 |  | 22144 | 5605975 | SH |  | SOLE | 0 | 3742091 | 0 | 1863884 |
| Peoples Bancorp Inc/OH | COM | 709789101 |  | 4103 | 136616 | SH |  | SOLE | 0 | 110594 | 0 | 26022 |
| Oxford Industries Inc | COM | 691497309 |  | 1789 | 52300 | SH |  | SOLE | 0 | 47800 | 0 | 4500 |
| Omega Healthcare Investors Inc | COM | 681936100 |  | 53909 | 1215800 | SH |  | SOLE | 0 | 844400 | 0 | 371400 |
| Northrim BanCorp Inc | COM | 666762109 |  | 6572 | 246960 | SH |  | SOLE | 0 | 128160 | 0 | 118800 |
| Navient Corp | COM | 63938C108 |  | 20337 | 1564401 | SH |  | SOLE | 0 | 949001 | 0 | 615400 |
| MKS Inc | COM | 55306N104 |  | 5032 | 31492 | SH |  | SOLE | 0 | 12492 | 0 | 19000 |
| Methode Electronics Inc | COM | 591520200 |  | 1116 | 168100 | SH |  | SOLE | 0 | 130700 | 0 | 37400 |
| Maplebear Inc | COM | 565394103 |  | 2933 | 65203 | SH |  | SOLE | 0 | 65203 | 0 | 0 |
| Littelfuse Inc | COM | 537008104 |  | 278 | 1100 | SH |  | SOLE | 0 | 1100 | 0 | 0 |
| Knowles Corp | COM | 49926D109 |  | 167 | 7800 | SH |  | SOLE | 0 | 7800 | 0 | 0 |
| JELD-WEN Holding Inc | COM | 47580P103 |  | 251 | 102200 | SH |  | SOLE | 0 | 0 | 0 | 102200 |
| International Money Express Inc | COM | 46005L101 |  | 15434 | 1004819 | SH |  | SOLE | 0 | 551019 | 0 | 453800 |
| IBEX Holdings Ltd | COM | G4690M101 |  | 874 | 22900 | SH |  | SOLE | 0 | 8400 | 0 | 14500 |
| Henry Schein Inc | COM | 806407102 |  | 1224 | 16200 | SH |  | SOLE | 0 | 16200 | 0 | 0 |
| Hancock Whitney Corp | COM | 410120109 |  | 37845 | 594300 | SH |  | SOLE | 0 | 305900 | 0 | 288400 |
| Graphic Packaging Holding Co | COM | 388689101 |  | 28794 | 1911932 | SH |  | SOLE | 0 | 1245232 | 0 | 666700 |
| Genworth Financial Inc | COM | 37247D106 |  | 9732 | 1077700 | SH |  | SOLE | 0 | 281700 | 0 | 796000 |
| Freshworks Inc | COM | 358054104 |  | 254 | 20700 | SH |  | SOLE | 0 | 20700 | 0 | 0 |
| First Commonwealth Financial Corp | COM | 319829107 |  | 2917 | 173000 | SH |  | SOLE | 0 | 114200 | 0 | 58800 |
| Exelon Corp | COM | 30161N101 |  | 6844 | 157000 | SH |  | SOLE | 0 | 27400 | 0 | 129600 |
| Eni SpA | COM | 26874R108 |  | 1362 | 35900 | SH |  | SOLE | 0 | 13400 | 0 | 22500 |
| Eastman Chemical Co | COM | 277432100 |  | 78577 | 1231029 | SH |  | SOLE | 0 | 871917 | 0 | 359112 |
| Dime Community Bancshares Inc | COM | 25432X102 |  | 253 | 8400 | SH |  | SOLE | 0 | 0 | 0 | 8400 |
| Customers Bancorp Inc | COM | 23204G100 |  | 5996 | 82000 | SH |  | SOLE | 0 | 48300 | 0 | 33700 |
| Core Natural Resources Inc | COM | 218937100 |  | 15070 | 170261 | SH |  | SOLE | 0 | 100132 | 0 | 70129 |
| Collegium Pharmaceutical Inc | COM | 19459J104 |  | 16108 | 347900 | SH |  | SOLE | 0 | 111600 | 0 | 236300 |
| Cirrus Logic Inc | COM | 172755100 |  | 279215 | 2356245 | SH |  | SOLE | 0 | 1484513 | 0 | 871732 |
| Centene Corp | COM | 15135B101 |  | 97577 | 2371261 | SH |  | SOLE | 0 | 1307928 | 0 | 1063333 |
| Canadian Tire Corp Ltd | COM | 136681202 |  | 165 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| Builders FirstSource Inc | COM | 12008R107 |  | 206 | 2000 | SH |  | SOLE | 0 | 2000 | 0 | 0 |
| Boise Cascade Co | COM | 09739D100 |  | 9112 | 123800 | SH |  | SOLE | 0 | 118100 | 0 | 5700 |
| BayCom Corp | COM | 07272M107 |  | 2564 | 87211 | SH |  | SOLE | 0 | 51111 | 0 | 36100 |
| AZZ Inc | COM | 002474104 |  | 139 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| Armstrong World Industries Inc | COM | 04247X102 |  | 115 | 600 | SH |  | SOLE | 0 | 600 | 0 | 0 |
| Andersons Inc/The | COM | 034164103 |  | 952 | 17900 | SH |  | SOLE | 0 | 11500 | 0 | 6400 |
| Amalgamated Financial Corp | COM | 022671101 |  | 10069 | 314358 | SH |  | SOLE | 0 | 194878 | 0 | 119480 |
| AerCap Holdings NV | COM | N00985106 |  | 51520 | 358378 | SH |  | SOLE | 0 | 247400 | 0 | 110978 |
| A10 Networks Inc | COM | 002121101 |  | 184 | 10400 | SH |  | SOLE | 0 | 10400 | 0 | 0 |
| ZoomInfo Technologies Inc | COM | 98980F104 |  | 103545 | 10181382 | SH |  | SOLE | 0 | 5595729 | 0 | 4585653 |
| World Kinect Corp | COM | 981475106 |  | 45426 | 1938804 | SH |  | SOLE | 0 | 1314414 | 0 | 624390 |
| Voya Financial Inc | COM | 929089100 |  | 74450 | 999460 | SH |  | SOLE | 0 | 683060 | 0 | 316400 |
| Vale SA | COM | 91912E105 |  | 610 | 46822 | SH |  | SOLE | 0 | 46822 | 0 | 0 |
| United Parcel Service Inc | COM | 911312106 |  | 694 | 7000 | SH |  | SOLE | 0 | 7000 | 0 | 0 |
| Tri Pointe Homes Inc | COM | 87265H109 |  | 45525 | 1446602 | SH |  | SOLE | 0 | 1102202 | 0 | 344400 |
| Terex Corp | COM | 880779103 |  | 8749 | 163900 | SH |  | SOLE | 0 | 133200 | 0 | 30700 |
| Taboola.com Ltd | COM | M8744T106 |  | 12025 | 2608389 | SH |  | SOLE | 0 | 1633400 | 0 | 974989 |
| SS Technologies Holdings Inc | COM | 78467J100 |  | 24652 | 282000 | SH |  | SOLE | 0 | 136100 | 0 | 145900 |
| Sirius XM Holdings Inc | COM | 829933100 |  | 61449 | 3073200 | SH |  | SOLE | 0 | 2216500 | 0 | 856700 |
| ScanSource Inc | COM | 806037107 |  | 33118 | 847863 | SH |  | SOLE | 0 | 458114 | 0 | 389749 |
| Rio Tinto PLC | COM | 767204100 |  | 2893 | 36146 | SH |  | SOLE | 0 | 36146 | 0 | 0 |
| Ranger Energy Services Inc | COM | 75282U104 |  | 530 | 37900 | SH |  | SOLE | 0 | 28600 | 0 | 9300 |
| Progress Software Corp | COM | 743312100 |  | 42178 | 981800 | SH |  | SOLE | 0 | 457000 | 0 | 524800 |
| Pinnacle Airlines Corp | COM | 723443107 |  | 0 | 9400 | SH |  | SOLE | 0 | 0 | 0 | 9400 |
| Penguin Solutions Inc | COM | 706915105 |  | 18546 | 948170 | SH |  | SOLE | 0 | 558410 | 0 | 389760 |
| Outfront Media Inc | COM | 69007J304 |  | 49292 | 2045291 | SH |  | SOLE | 0 | 1412650 | 0 | 632641 |
| Oil-Dri Corp of America | COM | 677864100 |  | 132 | 2700 | SH |  | SOLE | 0 | 2700 | 0 | 0 |
| Nokia Oyj | COM | 654902204 |  | 1057 | 163442 | SH |  | SOLE | 0 | 163442 | 0 | 0 |
| Myers Industries Inc | COM | 628464109 |  | 8513 | 454740 | SH |  | SOLE | 0 | 269440 | 0 | 185300 |
| Minerals Technologies Inc | COM | 603158106 |  | 12892 | 211522 | SH |  | SOLE | 0 | 66400 | 0 | 145122 |
| Meridian Corp | COM | 58958P104 |  | 1196 | 68056 | SH |  | SOLE | 0 | 46456 | 0 | 21600 |
| Magnera Corp | COM | 55939A107 |  | 5073 | 335058 | SH |  | SOLE | 0 | 185477 | 0 | 149581 |
| Levi Strauss  Co | COM | 52736R102 |  | 104 | 5000 | SH |  | SOLE | 0 | 5000 | 0 | 0 |
| Kimball Electronics Inc | COM | 49428J109 |  | 568 | 20400 | SH |  | SOLE | 0 | 16000 | 0 | 4400 |
| JBS NV | COM | N4732M103 |  | 742 | 51450 | SH |  | SOLE | 0 | 51450 | 0 | 0 |
| InterDigital Inc | COM | 45867G101 |  | 382 | 1200 | SH |  | SOLE | 0 | 1200 | 0 | 0 |
| Huntington Bancshares Inc/OH | COM | 446150104 |  | 24 | 1365 | SH |  | SOLE | 0 | 1365 | 0 | 0 |
| Helen of Troy Ltd | COM | G4388N106 |  | 1553 | 73092 | SH |  | SOLE | 0 | 28397 | 0 | 44695 |
| Halozyme Therapeutics Inc | COM | 40637H109 |  | 87561 | 1301055 | SH |  | SOLE | 0 | 602590 | 0 | 698465 |
| GoodRx Holdings Inc | COM | 38246G108 |  | 7658 | 2825900 | SH |  | SOLE | 0 | 945600 | 0 | 1880300 |
| General Motors Co | COM | 37045V100 |  | 573222 | 7048965 | SH |  | SOLE | 0 | 4624757 | 0 | 2424208 |
| Fortinet Inc | COM | 34959E109 |  | 1535 | 19335 | SH |  | SOLE | 0 | 19335 | 0 | 0 |
| First BanCorp/Puerto Rico | COM | 318672706 |  | 28638 | 1381500 | SH |  | SOLE | 0 | 835800 | 0 | 545700 |
| Eversource Energy | COM | 30040W108 |  | 104132 | 1546593 | SH |  | SOLE | 0 | 1109963 | 0 | 436630 |
| Energizer Holdings Inc | COM | 29272W109 |  | 70679 | 3553474 | SH |  | SOLE | 0 | 2268571 | 0 | 1284903 |
| Dynavax Technologies Corp | COM | 268158201 |  | 721 | 46900 | SH |  | SOLE | 0 | 46900 | 0 | 0 |
| Diebold Nixdorf Inc | COM | 253651202 |  | 22127 | 325917 | SH |  | SOLE | 0 | 103144 | 0 | 222773 |
| CSG Systems International Inc | COM | 126349109 |  | 71235 | 928875 | SH |  | SOLE | 0 | 592510 | 0 | 336365 |
| Constellation Brands Inc | COM | 21036P108 |  | 68315 | 495180 | SH |  | SOLE | 0 | 376280 | 0 | 118900 |
| CNX Resources Corp | COM | 12653C108 |  | 6141 | 167000 | SH |  | SOLE | 0 | 140900 | 0 | 26100 |
| Cimpress PLC | COM | G2143T103 |  | 93 | 1400 | SH |  | SOLE | 0 | 1400 | 0 | 0 |
| Cathay General Bancorp | COM | 149150104 |  | 31400 | 648900 | SH |  | SOLE | 0 | 310200 | 0 | 338700 |
| Cameco Corp | COM | 13321L108 |  | 55 | 600 | SH |  | SOLE | 0 | 600 | 0 | 0 |
| Brunswick Corp/DE | COM | 117043109 |  | 13482 | 181600 | SH |  | SOLE | 0 | 159100 | 0 | 22500 |
| Blue Bird Corp | COM | 095306106 |  | 80 | 1700 | SH |  | SOLE | 0 | 1700 | 0 | 0 |
| Bassett Furniture Industries Inc | COM | 070203104 |  | 478 | 28500 | SH |  | SOLE | 0 | 28500 | 0 | 0 |
| Avnet Inc | COM | 053807103 |  | 135161 | 2811171 | SH |  | SOLE | 0 | 1510580 | 0 | 1300591 |
| Ardmore Shipping Corp | COM | Y0207T100 |  | 618 | 58400 | SH |  | SOLE | 0 | 44100 | 0 | 14300 |
| Amneal Pharmaceuticals Inc | COM | 03168L105 |  | 2486 | 197300 | SH |  | SOLE | 0 | 197300 | 0 | 0 |
| Alphabet Inc | COM | 02079K305 |  | 847707 | 2708329 | SH |  | SOLE | 0 | 1646709 | 0 | 1061620 |
| ADT Inc | COM | 00090Q103 |  | 224651 | 27837737 | SH |  | SOLE | 0 | 17189725 | 0 | 10648012 |
| Zimmer Biomet Holdings Inc | COM | 98956P102 |  | 1475 | 16400 | SH |  | SOLE | 0 | 16400 | 0 | 0 |
| WhiteHorse Finance Inc | COM | 96524V106 |  | 69 | 9900 | SH |  | SOLE | 0 | 9900 | 0 | 0 |
| Vistance Networks Inc | COM | 20337X109 |  | 896 | 49400 | SH |  | SOLE | 0 | 18500 | 0 | 30900 |
| US Bancorp | COM | 902973304 |  | 26184 | 490700 | SH |  | SOLE | 0 | 417300 | 0 | 73400 |
| United Airlines Holdings Inc | COM | 910047109 |  | 281223 | 2514959 | SH |  | SOLE | 0 | 1699319 | 0 | 815640 |
| Travel Leisure Co | COM | 894164102 |  | 113741 | 1612657 | SH |  | SOLE | 0 | 1008620 | 0 | 604037 |
| Tenet Healthcare Corp | COM | 88033G407 |  | 37320 | 187800 | SH |  | SOLE | 0 | 88300 | 0 | 99500 |
| Synchronoss Technologies Inc | COM | 87157B400 |  | 176 | 20600 | SH |  | SOLE | 0 | 13500 | 0 | 7100 |
| Sonoco Products Co | COM | 835495102 |  | 68226 | 1563390 | SH |  | SOLE | 0 | 708100 | 0 | 855290 |
| SIGA Technologies Inc | COM | 826917106 |  | 3291 | 538630 | SH |  | SOLE | 0 | 349642 | 0 | 188988 |
| SandRidge Energy Inc | COM | 80007P869 |  | 2639 | 182868 | SH |  | SOLE | 0 | 147368 | 0 | 35500 |
| Rigel Pharmaceuticals Inc | COM | 766559702 |  | 23312 | 544282 | SH |  | SOLE | 0 | 289082 | 0 | 255200 |
| Quanex Building Products Corp | COM | 747619104 |  | 3151 | 204900 | SH |  | SOLE | 0 | 30400 | 0 | 174500 |
| Princeton Bancorp Inc | COM | 74179A107 |  | 860 | 24804 | SH |  | SOLE | 0 | 20904 | 0 | 3900 |
| Phinia Inc | COM | 71880K101 |  | 84113 | 1341734 | SH |  | SOLE | 0 | 867920 | 0 | 473814 |
| PCB Bancorp | COM | 69320M109 |  | 9296 | 429380 | SH |  | SOLE | 0 | 279297 | 0 | 150083 |
| Orion SA | COM | L72967109 |  | 1096 | 207500 | SH |  | SOLE | 0 | 74700 | 0 | 132800 |
| OceanFirst Financial Corp | COM | 675234108 |  | 9095 | 506708 | SH |  | SOLE | 0 | 437008 | 0 | 69700 |
| NewtekOne Inc | COM | 652526203 |  | 1496 | 131800 | SH |  | SOLE | 0 | 76600 | 0 | 55200 |
| Mueller Water Products Inc | COM | 624758108 |  | 260 | 10900 | SH |  | SOLE | 0 | 10900 | 0 | 0 |
| Millicom International Cellular SA | COM | L6388F110 |  | 4334 | 78180 | SH |  | SOLE | 0 | 78180 | 0 | 0 |
| Mercantile Bank Corp | COM | 587376104 |  | 14194 | 295086 | SH |  | SOLE | 0 | 211186 | 0 | 83900 |
| M Bank Corp | COM | 55261F104 |  | 78960 | 391900 | SH |  | SOLE | 0 | 268400 | 0 | 123500 |
| Lantheus Holdings Inc | COM | 516544103 |  | 5084 | 76400 | SH |  | SOLE | 0 | 2300 | 0 | 74100 |
| Keros Therapeutics Inc | COM | 492327101 |  | 470 | 23100 | SH |  | SOLE | 0 | 18100 | 0 | 5000 |
| JAKKS Pacific Inc | COM | 47012E403 |  | 2164 | 128200 | SH |  | SOLE | 0 | 51300 | 0 | 76900 |
| Innoviva Inc | COM | 45781M101 |  | 1159 | 58000 | SH |  | SOLE | 0 | 45200 | 0 | 12800 |
| HP Inc | COM | 40434L105 |  | 250085 | 11224639 | SH |  | SOLE | 0 | 7202036 | 0 | 4022603 |
| Healthcare Realty Trust Inc | COM | 42226K105 |  | 1905 | 112400 | SH |  | SOLE | 0 | 112400 | 0 | 0 |
| H Block Inc | COM | 093671105 |  | 66871 | 1534451 | SH |  | SOLE | 0 | 892761 | 0 | 641690 |
| Goldman Sachs BDC Inc | COM | 38147U107 |  | 66 | 7100 | SH |  | SOLE | 0 | 7100 | 0 | 0 |
| Gen Digital Inc | COM | 668771108 |  | 237467 | 8733616 | SH |  | SOLE | 0 | 5186890 | 0 | 3546726 |
| FNB Corp/PA | COM | 302520101 |  | 30575 | 1788000 | SH |  | SOLE | 0 | 1248900 | 0 | 539100 |
| Fifth Third Bancorp | COM | 316773100 |  | 47442 | 1013500 | SH |  | SOLE | 0 | 654200 | 0 | 359300 |
| European Wax Center Inc | COM | 29882P106 |  | 217 | 60300 | SH |  | SOLE | 0 | 60300 | 0 | 0 |
| Employers Holdings Inc | COM | 292218104 |  | 11862 | 274774 | SH |  | SOLE | 0 | 91681 | 0 | 183093 |
| DR Horton Inc | COM | 23331A109 |  | 648 | 4500 | SH |  | SOLE | 0 | 4500 | 0 | 0 |
| DHT Holdings Inc | COM | Y2065G121 |  | 11281 | 923904 | SH |  | SOLE | 0 | 677804 | 0 | 246100 |
| Crocs Inc | COM | 227046109 |  | 126060 | 1474037 | SH |  | SOLE | 0 | 861400 | 0 | 612637 |
| ConnectOne Bancorp Inc | COM | 20786W107 |  | 789 | 30100 | SH |  | SOLE | 0 | 30100 | 0 | 0 |
| CNB Financial Corp/PA | COM | 126128107 |  | 2193 | 83800 | SH |  | SOLE | 0 | 52100 | 0 | 31700 |
| Chromcraft Revington Inc. | COM | 171ESC106 |  | 0 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| Carter's Inc | COM | 146229109 |  | 27139 | 836837 | SH |  | SOLE | 0 | 401998 | 0 | 434839 |
| California Resources Corp | COM | 13057Q305 |  | 22761 | 509091 | SH |  | SOLE | 0 | 277191 | 0 | 231900 |
| Brixmor Property Group Inc | COM | 11120U105 |  | 41973 | 1600800 | SH |  | SOLE | 0 | 1040800 | 0 | 560000 |
| BlackRock TCP Capital Corp | COM | 09259E108 |  | 2243 | 410100 | SH |  | SOLE | 0 | 263200 | 0 | 146900 |
| Bankwell Financial Group Inc | COM | 06654A103 |  | 3560 | 77700 | SH |  | SOLE | 0 | 55500 | 0 | 22200 |
| Avanos Medical Inc | COM | 05350V106 |  | 840 | 74793 | SH |  | SOLE | 0 | 36193 | 0 | 38600 |
| ArcBest Corp | COM | 03937C105 |  | 32580 | 439149 | SH |  | SOLE | 0 | 249609 | 0 | 189540 |
| Ameriprise Financial Inc | COM | 03076C106 |  | 133381 | 272018 | SH |  | SOLE | 0 | 181450 | 0 | 90568 |
| Allstate Corp/The | COM | 020002101 |  | 131344 | 631005 | SH |  | SOLE | 0 | 423662 | 0 | 207343 |
| AdaptHealth Corp | COM | 00653Q102 |  | 715 | 71800 | SH |  | SOLE | 0 | 51600 | 0 | 20200 |
| Yext Inc | COM | 98585N106 |  | 241 | 29900 | SH |  | SOLE | 0 | 29900 | 0 | 0 |
| Western Union Co/The | COM | 959802109 |  | 90621 | 9733727 | SH |  | SOLE | 0 | 5363243 | 0 | 4370484 |
| Vipshop Holdings Ltd | COM | 92763W103 |  | 105075 | 5939813 | SH |  | SOLE | 0 | 4110739 | 0 | 1829074 |
| Upbound Group Inc | COM | 76009N100 |  | 44168 | 2515279 | SH |  | SOLE | 0 | 1496823 | 0 | 1018456 |
| Ulta Beauty Inc | COM | 90384S303 |  | 242 | 400 | SH |  | SOLE | 0 | 400 | 0 | 0 |
| Towne Bank/Portsmouth VA | COM | 89214P109 |  | 73 | 2200 | SH |  | SOLE | 0 | 2200 | 0 | 0 |
| Teleflex Inc | COM | 879369106 |  | 7762 | 63600 | SH |  | SOLE | 0 | 25300 | 0 | 38300 |
| Supernus Pharmaceuticals Inc | COM | 868459108 |  | 303 | 6100 | SH |  | SOLE | 0 | 6100 | 0 | 0 |
| Solstice Advanced Materials Inc | COM | 83443Q103 |  | 23 | 475 | SH |  | SOLE | 0 | 475 | 0 | 0 |
| Shore Bancshares Inc | COM | 825107105 |  | 3249 | 183777 | SH |  | SOLE | 0 | 153533 | 0 | 30244 |
| Salesforce Inc | COM | 79466L302 |  | 318 | 1200 | SH |  | SOLE | 0 | 1200 | 0 | 0 |
| RenaissanceRe Holdings Ltd | COM | G7496G103 |  | 2952 | 10500 | SH |  | SOLE | 0 | 10500 | 0 | 0 |
| Quad/Graphics Inc | COM | 747301109 |  | 8483 | 1353001 | SH |  | SOLE | 0 | 762801 | 0 | 590200 |
| Prestige Consumer Healthcare Inc | COM | 74112D101 |  | 457 | 7400 | SH |  | SOLE | 0 | 5500 | 0 | 1900 |
| Phibro Animal Health Corp | COM | 71742Q106 |  | 6714 | 179700 | SH |  | SOLE | 0 | 113500 | 0 | 66200 |
| Parke Bancorp Inc | COM | 700885106 |  | 451 | 18015 | SH |  | SOLE | 0 | 18015 | 0 | 0 |
| Optex Systems Holdings Inc | COM | 68384X209 |  | 28 | 2000 | SH |  | SOLE | 0 | 2000 | 0 | 0 |
| O-I Glass Inc | COM | 67098H104 |  | 26595 | 1801844 | SH |  | SOLE | 0 | 1090244 | 0 | 711600 |
| Newell Brands Inc | COM | 651229106 |  | 126 | 33800 | SH |  | SOLE | 0 | 14500 | 0 | 19300 |
| Movado Group Inc | COM | 624580106 |  | 241 | 11700 | SH |  | SOLE | 0 | 11700 | 0 | 0 |
| MidCap Financial Investment Corp | COM | 03761U502 |  | 1099 | 96100 | SH |  | SOLE | 0 | 59500 | 0 | 36600 |
| McDonald's Corp | COM | 580135101 |  | 458 | 1500 | SH |  | SOLE | 0 | 1500 | 0 | 0 |
| Luxfer Holdings PLC | COM | G5698W116 |  | 85 | 6295 | SH |  | SOLE | 0 | 4895 | 0 | 1400 |
| La-Z-Boy Inc | COM | 505336107 |  | 55043 | 1476882 | SH |  | SOLE | 0 | 929529 | 0 | 547353 |
| KB Home | COM | 48666K109 |  | 53672 | 951454 | SH |  | SOLE | 0 | 573000 | 0 | 378454 |
| Jabil Inc | COM | 466313103 |  | 292246 | 1281669 | SH |  | SOLE | 0 | 791190 | 0 | 490479 |
| Ingredion Inc | COM | 457187102 |  | 219730 | 1992837 | SH |  | SOLE | 0 | 1238707 | 0 | 754130 |
| Hope Bancorp Inc | COM | 43940T109 |  | 16293 | 1486600 | SH |  | SOLE | 0 | 853900 | 0 | 632700 |
| Haverty Furniture Cos Inc | COM | 419596101 |  | 11404 | 488170 | SH |  | SOLE | 0 | 254270 | 0 | 233900 |
| GSK PLC | COM | 37733W204 |  | 1226 | 25000 | SH |  | SOLE | 0 | 7300 | 0 | 17700 |
| Globaltrans Investment PLC | COM | 37949E204 |  | 0 | 218400 | SH |  | SOLE | 0 | 141900 | 0 | 76500 |
| Gap Inc/The | COM | 364760108 |  | 88645 | 3462702 | SH |  | SOLE | 0 | 2411801 | 0 | 1050901 |
| Five9 Inc | COM | 338307101 |  | 247 | 12300 | SH |  | SOLE | 0 | 12300 | 0 | 0 |
| FedEx Corp | COM | 31428X106 |  | 327274 | 1132985 | SH |  | SOLE | 0 | 743416 | 0 | 389569 |
| Ethan Allen Interiors Inc | COM | 297602104 |  | 4013 | 175700 | SH |  | SOLE | 0 | 169600 | 0 | 6100 |
| Embecta Corp | COM | 29082K105 |  | 6565 | 552582 | SH |  | SOLE | 0 | 340282 | 0 | 212300 |
| Donnelley Financial Solutions Inc | COM | 25787G100 |  | 173 | 3700 | SH |  | SOLE | 0 | 3700 | 0 | 0 |
| Delta Air Lines Inc | COM | 247361702 |  | 231221 | 3331717 | SH |  | SOLE | 0 | 2190717 | 0 | 1141000 |
| Crane NXT Co | COM | 224441105 |  | 5393 | 114570 | SH |  | SOLE | 0 | 101870 | 0 | 12700 |
| Community Trust Bancorp Inc | COM | 204149108 |  | 15841 | 280380 | SH |  | SOLE | 0 | 143733 | 0 | 136647 |
| Clarivate PLC | COM | G21810109 |  | 8844 | 2647900 | SH |  | SOLE | 0 | 1146700 | 0 | 1501200 |
| Chimera Investment Corp | COM | 16934Q802 |  | 16014 | 1288318 | SH |  | SOLE | 0 | 668518 | 0 | 619800 |
| Carnival Corp | COM | 143658300 |  | 3430 | 112300 | SH |  | SOLE | 0 | 94400 | 0 | 17900 |
| Cabot Corp | COM | 127055101 |  | 39284 | 592700 | SH |  | SOLE | 0 | 423800 | 0 | 168900 |
| Brink's Co/The | COM | 109696104 |  | 154676 | 1325075 | SH |  | SOLE | 0 | 818728 | 0 | 506347 |
| Biogen Inc | COM | 09062X103 |  | 55756 | 316815 | SH |  | SOLE | 0 | 202919 | 0 | 113896 |
| Bank of NT Butterfield  Son Ltd/The | COM | G0772R208 |  | 41048 | 823925 | SH |  | SOLE | 0 | 504443 | 0 | 319482 |
| Aurinia Pharmaceuticals Inc | COM | 05156V102 |  | 10477 | 656847 | SH |  | SOLE | 0 | 492947 | 0 | 163900 |
| Applied Materials Inc | COM | 038222105 |  | 271540 | 1056616 | SH |  | SOLE | 0 | 642916 | 0 | 413700 |
| American Electric Power Co Inc | COM | 025537101 |  | 6572 | 56990 | SH |  | SOLE | 0 | 10990 | 0 | 46000 |
| Align Technology Inc | COM | 016255101 |  | 82626 | 529142 | SH |  | SOLE | 0 | 324142 | 0 | 205000 |
| Accenture PLC | COM | G1151C101 |  | 268 | 1000 | SH |  | SOLE | 0 | 1000 | 0 | 0 |
| Xperi Inc | COM | 98423J101 |  | 239 | 40800 | SH |  | SOLE | 0 | 31000 | 0 | 9800 |
| WesBanco Inc | COM | 950810101 |  | 828 | 24918 | SH |  | SOLE | 0 | 0 | 0 | 24918 |
| Victoria's Secret  Co | COM | 926400102 |  | 9095 | 167900 | SH |  | SOLE | 0 | 97400 | 0 | 70500 |
| Universal Insurance Holdings Inc | COM | 91359V107 |  | 8562 | 253300 | SH |  | SOLE | 0 | 126700 | 0 | 126600 |
| Uber Technologies Inc | COM | 90353T100 |  | 2765 | 33839 | SH |  | SOLE | 0 | 33839 | 0 | 0 |
| Tompkins Financial Corp | COM | 890110109 |  | 2640 | 36400 | SH |  | SOLE | 0 | 36400 | 0 | 0 |
| TechnipFMC PLC | COM | G87110105 |  | 5855 | 131400 | SH |  | SOLE | 0 | 131400 | 0 | 0 |
| Sun Country Airlines Holdings Inc | COM | 866683105 |  | 16552 | 1150278 | SH |  | SOLE | 0 | 662978 | 0 | 487300 |
| SM Energy Co | COM | 78454L100 |  | 7777 | 415900 | SH |  | SOLE | 0 | 288400 | 0 | 127500 |
| Shinhan Financial Group Co Ltd | COM | 824596100 |  | 526 | 9800 | SH |  | SOLE | 0 | 9800 | 0 | 0 |
| S Global Inc | COM | 78409V104 |  | 261 | 500 | SH |  | SOLE | 0 | 500 | 0 | 0 |
| Regions Financial Corp | COM | 7591EP100 |  | 251660 | 9286352 | SH |  | SOLE | 0 | 6283065 | 0 | 3003287 |
| Puma Biotechnology Inc | COM | 74587V107 |  | 2409 | 404802 | SH |  | SOLE | 0 | 335369 | 0 | 69433 |
| Post Holdings Inc | COM | 737446104 |  | 4413 | 44550 | SH |  | SOLE | 0 | 9550 | 0 | 35000 |
| Petco Health  Wellness Co Inc | COM | 71601V105 |  | 72 | 25500 | SH |  | SOLE | 0 | 25500 | 0 | 0 |
| Paramount Skydance Corp | COM | 69932A204 |  | 2531 | 188868 | SH |  | SOLE | 0 | 63457 | 0 | 125411 |
| Ooma Inc | COM | 683416101 |  | 10 | 821 | SH |  | SOLE | 0 | 621 | 0 | 200 |
| Nu Skin Enterprises Inc | COM | 67018T105 |  | 193 | 20100 | SH |  | SOLE | 0 | 20100 | 0 | 0 |
| NetScout Systems Inc | COM | 64115T104 |  | 61914 | 2288036 | SH |  | SOLE | 0 | 996722 | 0 | 1291314 |
| Morgan Stanley | COM | 617446448 |  | 4301 | 24227 | SH |  | SOLE | 0 | 24227 | 0 | 0 |
| Micron Technology Inc | COM | 595112103 |  | 202712 | 710247 | SH |  | SOLE | 0 | 371947 | 0 | 338300 |
| Matson Inc | COM | 57686G105 |  | 38031 | 307822 | SH |  | SOLE | 0 | 194982 | 0 | 112840 |
| Loews Corp | COM | 540424108 |  | 9488 | 90100 | SH |  | SOLE | 0 | 8100 | 0 | 82000 |
| Kroger Co/The | COM | 501044101 |  | 424704 | 6797438 | SH |  | SOLE | 0 | 4371299 | 0 | 2426139 |
| Karat Packaging Inc | COM | 48563L101 |  | 781 | 34600 | SH |  | SOLE | 0 | 21200 | 0 | 13400 |
| Ironwood Pharmaceuticals Inc | COM | 46333X108 |  | 30 | 9048 | SH |  | SOLE | 0 | 6948 | 0 | 2100 |
| Industrial Logistics Properties Trust | COM | 456237106 |  | 6513 | 1175557 | SH |  | SOLE | 0 | 664083 | 0 | 511474 |
| Highwoods Properties Inc | COM | 431284108 |  | 30651 | 1187100 | SH |  | SOLE | 0 | 940800 | 0 | 246300 |
| Harmony Biosciences Holdings Inc | COM | 413197104 |  | 62008 | 1657093 | SH |  | SOLE | 0 | 992933 | 0 | 664160 |
| Griffon Corp | COM | 398433102 |  | 63869 | 867195 | SH |  | SOLE | 0 | 553767 | 0 | 313428 |
| Global Medical REIT Inc | COM | 37954A303 |  | 5199 | 154099 | SH |  | SOLE | 0 | 94079 | 0 | 60020 |
| Fulton Financial Corp | COM | 360271100 |  | 17990 | 930675 | SH |  | SOLE | 0 | 472400 | 0 | 458275 |
| First Merchants Corp | COM | 320817109 |  | 27 | 715 | SH |  | SOLE | 0 | 0 | 0 | 715 |
| F5 Inc | COM | 315616102 |  | 10844 | 42484 | SH |  | SOLE | 0 | 16857 | 0 | 25627 |
| EPR Properties | COM | 26884U109 |  | 68131 | 1365358 | SH |  | SOLE | 0 | 869288 | 0 | 496070 |
| El Pollo Loco Holdings Inc | COM | 268603107 |  | 15239 | 1456852 | SH |  | SOLE | 0 | 835204 | 0 | 621648 |
| Dole PLC | COM | G27907107 |  | 10536 | 702900 | SH |  | SOLE | 0 | 354300 | 0 | 348600 |
| DaVita Inc | COM | 23918K108 |  | 106426 | 936768 | SH |  | SOLE | 0 | 610829 | 0 | 325939 |
| Coterra Energy Inc | COM | 127097103 |  | 376 | 14300 | SH |  | SOLE | 0 | 14300 | 0 | 0 |
| Comerica Inc | COM | 200340107 |  | 5972 | 68700 | SH |  | SOLE | 0 | 1500 | 0 | 67200 |
| City Office REIT Inc | COM | 178587101 |  | 587 | 84000 | SH |  | SOLE | 0 | 35800 | 0 | 48200 |
| Chatham Lodging Trust | COM | 16208T102 |  | 1094 | 160700 | SH |  | SOLE | 0 | 151500 | 0 | 9200 |
| Cardinal Health Inc | COM | 14149Y108 |  | 2076 | 10100 | SH |  | SOLE | 0 | 6100 | 0 | 4000 |
| Byline Bancorp Inc | COM | 124411109 |  | 146 | 5000 | SH |  | SOLE | 0 | 5000 | 0 | 0 |
| Brandywine Realty Trust | COM | 105368203 |  | 5497 | 1882515 | SH |  | SOLE | 0 | 1706132 | 0 | 176383 |
| Best Buy Co Inc | COM | 086516101 |  | 87564 | 1308288 | SH |  | SOLE | 0 | 860800 | 0 | 447488 |
| Bank of America Corp | COM | 060505104 |  | 347032 | 6309666 | SH |  | SOLE | 0 | 4244766 | 0 | 2064900 |
| Astec Industries Inc | COM | 046224101 |  | 182 | 4200 | SH |  | SOLE | 0 | 4200 | 0 | 0 |
| Apogee Enterprises Inc | COM | 037598109 |  | 17319 | 475653 | SH |  | SOLE | 0 | 312600 | 0 | 163053 |
| American Assets Trust Inc | COM | 024013104 |  | 34929 | 1845156 | SH |  | SOLE | 0 | 1207868 | 0 | 637288 |
| Alarm.com Holdings Inc | COM | 011642105 |  | 6092 | 119400 | SH |  | SOLE | 0 | 23700 | 0 | 95700 |
| ACADIA Pharmaceuticals Inc | COM | 004225108 |  | 459 | 17200 | SH |  | SOLE | 0 | 17200 | 0 | 0 |
| Xenia Hotels  Resorts Inc | COM | 984017103 |  | 15068 | 1065627 | SH |  | SOLE | 0 | 784230 | 0 | 281397 |
| Watts Water Technologies Inc | COM | 942749102 |  | 138 | 500 | SH |  | SOLE | 0 | 500 | 0 | 0 |
| VeriSign Inc | COM | 92343E102 |  | 486 | 2000 | SH |  | SOLE | 0 | 2000 | 0 | 0 |
| Uniti Group Inc | COM | 912932100 |  | 18022 | 2570892 | SH |  | SOLE | 0 | 1654586 | 0 | 916306 |
| Turkcell Iletisim Hizmetleri AS | COM | 900111204 |  | 560 | 102400 | SH |  | SOLE | 0 | 102400 | 0 | 0 |
| Timberland Bancorp Inc/WA | COM | 887098101 |  | 372 | 10400 | SH |  | SOLE | 0 | 7500 | 0 | 2900 |
| Target Corp | COM | 87612E106 |  | 87878 | 899005 | SH |  | SOLE | 0 | 523865 | 0 | 375140 |
| Strategic Education Inc | COM | 86272C103 |  | 120 | 1500 | SH |  | SOLE | 0 | 1500 | 0 | 0 |
| Skyworks Solutions Inc | COM | 83088M102 |  | 121018 | 1908493 | SH |  | SOLE | 0 | 1192466 | 0 | 716027 |
| Sensata Technologies Holding PLC | COM | G8060N102 |  | 1421 | 42700 | SH |  | SOLE | 0 | 0 | 0 | 42700 |
| RTX Corp | COM | 75513E101 |  | 715 | 3900 | SH |  | SOLE | 0 | 3900 | 0 | 0 |
| Redwood Trust Inc | COM | 758075402 |  | 10293 | 1861261 | SH |  | SOLE | 0 | 1286977 | 0 | 574284 |
| Prudential Financial Inc | COM | 744320102 |  | 35554 | 314970 | SH |  | SOLE | 0 | 150800 | 0 | 164170 |
| Polaris Inc | COM | 731068102 |  | 1560 | 24660 | SH |  | SOLE | 0 | 13300 | 0 | 11360 |
| PepsiCo Inc | COM | 713448108 |  | 3686 | 25684 | SH |  | SOLE | 0 | 25684 | 0 | 0 |
| Pagaya Technologies Ltd | COM | M7S64L123 |  | 25 | 1200 | SH |  | SOLE | 0 | 1200 | 0 | 0 |
| Omnicom Group Inc | COM | 681919106 |  | 2527 | 31300 | SH |  | SOLE | 0 | 6000 | 0 | 25300 |
| Northwest Natural Holding Co | COM | 66765N105 |  | 3141 | 67200 | SH |  | SOLE | 0 | 46100 | 0 | 21100 |
| NCR Atleos Corp | COM | 63001N106 |  | 41845 | 1097999 | SH |  | SOLE | 0 | 626899 | 0 | 471100 |
| Modiv Industrial Inc | COM | 60784B101 |  | 235 | 16300 | SH |  | SOLE | 0 | 16300 | 0 | 0 |
| MFA Financial Inc | COM | 55272X607 |  | 5581 | 599475 | SH |  | SOLE | 0 | 273625 | 0 | 325850 |
| Marriott Vacations Worldwide Corp | COM | 57164Y107 |  | 11807 | 204657 | SH |  | SOLE | 0 | 100889 | 0 | 103768 |
| LiveRamp Holdings Inc | COM | 53815P108 |  | 5618 | 191300 | SH |  | SOLE | 0 | 61800 | 0 | 129500 |
| Koppers Holdings Inc | COM | 50060P106 |  | 25597 | 945231 | SH |  | SOLE | 0 | 663681 | 0 | 281550 |
| Johnson  Johnson | COM | 478160104 |  | 396621 | 1916508 | SH |  | SOLE | 0 | 1076428 | 0 | 840080 |
| Invesco Mortgage Capital Inc | COM | 46131B704 |  | 570 | 67810 | SH |  | SOLE | 0 | 6898 | 0 | 60912 |
| Incyte Corp | COM | 45337C102 |  | 388537 | 3933758 | SH |  | SOLE | 0 | 2605717 | 0 | 1328041 |
| Heritage Financial Corp/WA | COM | 42722X106 |  | 1762 | 74500 | SH |  | SOLE | 0 | 74500 | 0 | 0 |
| Hanover Insurance Group Inc/The | COM | 410867105 |  | 4624 | 25300 | SH |  | SOLE | 0 | 6100 | 0 | 19200 |
| Green Brick Partners Inc | COM | 392709101 |  | 1560 | 24900 | SH |  | SOLE | 0 | 20600 | 0 | 4300 |
| GigaCloud Technology Inc | COM | G38644103 |  | 28934 | 736600 | SH |  | SOLE | 0 | 400316 | 0 | 336284 |
| Frontdoor Inc | COM | 35905A109 |  | 75 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| First Financial Corp | COM | 320218100 |  | 24293 | 402061 | SH |  | SOLE | 0 | 303661 | 0 | 98400 |
| Expro Group Holdings NV | COM | N3144W105 |  | 503 | 37700 | SH |  | SOLE | 0 | 28000 | 0 | 9700 |
| Enova International Inc | COM | 29357K103 |  | 346 | 2200 | SH |  | SOLE | 0 | 2200 | 0 | 0 |
| Ecovyst Inc | COM | 27923Q109 |  | 1423 | 146300 | SH |  | SOLE | 0 | 90300 | 0 | 56000 |
| Diodes Inc | COM | 254543101 |  | 227 | 4600 | SH |  | SOLE | 0 | 4600 | 0 | 0 |
| CVS Health Corp | COM | 126650100 |  | 360346 | 4540652 | SH |  | SOLE | 0 | 2951219 | 0 | 1589433 |
| CoreCivic Inc | COM | 21871N101 |  | 141 | 7400 | SH |  | SOLE | 0 | 7400 | 0 | 0 |
| Columbia Banking System Inc | COM | 197236102 |  | 28531 | 1020784 | SH |  | SOLE | 0 | 383284 | 0 | 637500 |
| Citigroup Inc | COM | 172967424 |  | 671747 | 5756679 | SH |  | SOLE | 0 | 3726539 | 0 | 2030140 |
| Central Pacific Financial Corp | COM | 154760409 |  | 19398 | 622530 | SH |  | SOLE | 0 | 300830 | 0 | 321700 |
| Capital Bancorp Inc | COM | 139737100 |  | 296 | 10500 | SH |  | SOLE | 0 | 6600 | 0 | 3900 |
| Burke  Herbert Financial Services Corp | COM | 12135Y108 |  | 2816 | 45200 | SH |  | SOLE | 0 | 24000 | 0 | 21200 |
| Box Inc | COM | 10316T104 |  | 269 | 9000 | SH |  | SOLE | 0 | 9000 | 0 | 0 |
| Beazer Homes USA Inc | COM | 07556Q881 |  | 6721 | 331551 | SH |  | SOLE | 0 | 155352 | 0 | 176199 |
| Banc of California Inc | COM | 05990K106 |  | 3740 | 193900 | SH |  | SOLE | 0 | 193900 | 0 | 0 |
| Arrow Financial Corp | COM | 042744102 |  | 75 | 2400 | SH |  | SOLE | 0 | 2400 | 0 | 0 |
| ANI Pharmaceuticals Inc | COM | 00182C103 |  | 695 | 8800 | SH |  | SOLE | 0 | 6800 | 0 | 2000 |
| AMC Networks Inc | COM | 00164V103 |  | 4714 | 495118 | SH |  | SOLE | 0 | 249718 | 0 | 245400 |
| Aflac Inc | COM | 001055102 |  | 3 | 25 | SH |  | SOLE | 0 | 25 | 0 | 0 |
| ABM Industries Inc | COM | 000957100 |  | 52164 | 1233181 | SH |  | SOLE | 0 | 679590 | 0 | 553591 |
| Worthington Steel Inc | COM | 982104101 |  | 12660 | 365672 | SH |  | SOLE | 0 | 252616 | 0 | 113056 |
| Walgreens Boots Alliance Inc | COM | 931CVR013 |  | 0 | 700 | SH |  | SOLE | 0 | 700 | 0 | 0 |
| Valley National Bancorp | COM | 919794107 |  | 17762 | 1520700 | SH |  | SOLE | 0 | 977300 | 0 | 543400 |
| United Security Bancshares/Fresno CA | COM | 911460103 |  | 15 | 1500 | SH |  | SOLE | 0 | 1500 | 0 | 0 |
| Trinity Capital Inc | COM | 896442308 |  | 132 | 9000 | SH |  | SOLE | 0 | 0 | 0 | 9000 |
| Textron Inc | COM | 883203101 |  | 351717 | 4034842 | SH |  | SOLE | 0 | 2866740 | 0 | 1168102 |
| Taiwan Semiconductor Manufacturing Co Ltd | COM | 874039100 |  | 9633 | 31700 | SH |  | SOLE | 0 | 31700 | 0 | 0 |
| State Street Corp | COM | 857477103 |  | 545202 | 4226041 | SH |  | SOLE | 0 | 2824956 | 0 | 1401085 |
| Sixth Street Specialty Lending Inc | COM | 83012A109 |  | 17185 | 791212 | SH |  | SOLE | 0 | 315900 | 0 | 475312 |
| Science Applications International Corp | COM | 808625107 |  | 153286 | 1522814 | SH |  | SOLE | 0 | 933649 | 0 | 589165 |
| RLJ Lodging Trust | COM | 74965L101 |  | 16460 | 2209449 | SH |  | SOLE | 0 | 892214 | 0 | 1317235 |
| RBB Bancorp | COM | 74930B105 |  | 4103 | 198800 | SH |  | SOLE | 0 | 130200 | 0 | 68600 |
| ProPetro Holding Corp | COM | 74347M108 |  | 83 | 8778 | SH |  | SOLE | 0 | 4678 | 0 | 4100 |
| Pitney Bowes Inc | COM | 724479100 |  | 44364 | 4197189 | SH |  | SOLE | 0 | 2566389 | 0 | 1630800 |
| Penske Automotive Group Inc | COM | 70959W103 |  | 118010 | 745533 | SH |  | SOLE | 0 | 525792 | 0 | 219741 |
| Owens Corning | COM | 690742101 |  | 163799 | 1463671 | SH |  | SOLE | 0 | 1041532 | 0 | 422139 |
| Olympic Steel Inc | COM | 68162K106 |  | 2216 | 51800 | SH |  | SOLE | 0 | 51800 | 0 | 0 |
| Northern Trust Corp | COM | 665859104 |  | 106861 | 782351 | SH |  | SOLE | 0 | 378790 | 0 | 403561 |
| National Vision Holdings Inc | COM | 63845R107 |  | 83 | 3200 | SH |  | SOLE | 0 | 3200 | 0 | 0 |
| Mitek Systems Inc | COM | 606710200 |  | 1504 | 142591 | SH |  | SOLE | 0 | 95791 | 0 | 46800 |
| Meta Platforms Inc | COM | 30303M102 |  | 63654 | 96432 | SH |  | SOLE | 0 | 49125 | 0 | 47307 |
| ManpowerGroup Inc | COM | 56418H100 |  | 32915 | 1107139 | SH |  | SOLE | 0 | 619721 | 0 | 487418 |
| Lincoln National Corp | COM | 534187109 |  | 114573 | 2572936 | SH |  | SOLE | 0 | 1701256 | 0 | 871680 |
| KLA Corp | COM | 482480100 |  | 243 | 200 | SH |  | SOLE | 0 | 200 | 0 | 0 |
| Jefferies Financial Group Inc | COM | 47233W109 |  | 1325 | 21378 | SH |  | SOLE | 0 | 0 | 0 | 21378 |
| International Business Machines Corp | COM | 459200101 |  | 6511 | 21980 | SH |  | SOLE | 0 | 10580 | 0 | 11400 |
| Huron Consulting Group Inc | COM | 447462102 |  | 104 | 600 | SH |  | SOLE | 0 | 600 | 0 | 0 |
| Helmerich  Payne Inc | COM | 423452101 |  | 9874 | 344280 | SH |  | SOLE | 0 | 257580 | 0 | 86700 |
| Hamilton Beach Brands Holding Co | COM | 40701T104 |  | 463 | 28117 | SH |  | SOLE | 0 | 22398 | 0 | 5719 |
| Graham Holdings Co | COM | 384637104 |  | 769 | 700 | SH |  | SOLE | 0 | 0 | 0 | 700 |
| Genpact Ltd | COM | G3922B107 |  | 115435 | 2467612 | SH |  | SOLE | 0 | 1437167 | 0 | 1030445 |
| Fresh Del Monte Produce Inc | COM | G36738105 |  | 62049 | 1741494 | SH |  | SOLE | 0 | 897331 | 0 | 844163 |
| First Business Financial Services Inc | COM | 319390100 |  | 7283 | 134127 | SH |  | SOLE | 0 | 103627 | 0 | 30500 |
| Exelixis Inc | COM | 30161Q104 |  | 339504 | 7745932 | SH |  | SOLE | 0 | 4531721 | 0 | 3214211 |
| Enhabit Inc | COM | 29332G102 |  | 137 | 14874 | SH |  | SOLE | 0 | 11174 | 0 | 3700 |
| Eastern Co/The | COM | 276317104 |  | 553 | 28086 | SH |  | SOLE | 0 | 20912 | 0 | 7174 |
| Dillard's Inc | COM | 254067101 |  | 364 | 600 | SH |  | SOLE | 0 | 600 | 0 | 0 |
| Cummins Inc | COM | 231021106 |  | 266470 | 522030 | SH |  | SOLE | 0 | 330150 | 0 | 191880 |
| Core Molding Technologies Inc | COM | 218683100 |  | 994 | 49572 | SH |  | SOLE | 0 | 33172 | 0 | 16400 |
| Cognizant Technology Solutions Corp | COM | 192446102 |  | 149974 | 1806918 | SH |  | SOLE | 0 | 687090 | 0 | 1119828 |
| CION Investment Corp | COM | 17259U204 |  | 3406 | 352236 | SH |  | SOLE | 0 | 295936 | 0 | 56300 |
| Celanese Corp | COM | 150870103 |  | 389 | 9200 | SH |  | SOLE | 0 | 0 | 0 | 9200 |
| Canadian Imperial Bank of Commerce | COM | 136069101 |  | 170 | 1871 | SH |  | SOLE | 0 | 1871 | 0 | 0 |
| Build-A-Bear Workshop Inc | COM | 120076104 |  | 9411 | 153600 | SH |  | SOLE | 0 | 59300 | 0 | 94300 |
| BlueLinx Holdings Inc | COM | 09624H208 |  | 2826 | 46000 | SH |  | SOLE | 0 | 25200 | 0 | 20800 |
| Baxter International Inc | COM | 071813109 |  | 82320 | 4307693 | SH |  | SOLE | 0 | 2906500 | 0 | 1401193 |
| Axis Capital Holdings Ltd | COM | G0692U109 |  | 76023 | 709900 | SH |  | SOLE | 0 | 410600 | 0 | 299300 |
| Armada Hoffler Properties Inc | COM | 04208T108 |  | 1740 | 262804 | SH |  | SOLE | 0 | 262804 | 0 | 0 |
| Amplify Energy Corp | COM | 03212B103 |  | 450 | 98400 | SH |  | SOLE | 0 | 75600 | 0 | 22800 |
| Altria Group Inc | COM | 02209S103 |  | 299939 | 5201853 | SH |  | SOLE | 0 | 3558373 | 0 | 1643480 |
| AdvanSix Inc | COM | 00773T101 |  | 9852 | 569479 | SH |  | SOLE | 0 | 316473 | 0 | 253006 |
| Zoom Communications Inc | COM | 98980L101 |  | 100770 | 1167807 | SH |  | SOLE | 0 | 614956 | 0 | 552851 |
| WisdomTree Inc | COM | 97717P104 |  | 108 | 8900 | SH |  | SOLE | 0 | 8900 | 0 | 0 |
| Vontier Corp | COM | 928881101 |  | 71036 | 1910586 | SH |  | SOLE | 0 | 902876 | 0 | 1007710 |
| Utah Medical Products Inc | COM | 917488108 |  | 754 | 13474 | SH |  | SOLE | 0 | 7315 | 0 | 6159 |
| United Microelectronics Corp | COM | 910873405 |  | 5456 | 694211 | SH |  | SOLE | 0 | 694211 | 0 | 0 |
| Travelzoo | COM | 89421Q205 |  | 323 | 45400 | SH |  | SOLE | 0 | 33500 | 0 | 11900 |
| Teradata Corp | COM | 88076W103 |  | 79151 | 2600216 | SH |  | SOLE | 0 | 1353649 | 0 | 1246567 |
| Synovus Financial Corp | COM | 87161C501 |  | 4920 | 98300 | SH |  | SOLE | 0 | 7900 | 0 | 90400 |
| Sprinklr Inc | COM | 85208T107 |  | 156 | 20000 | SH |  | SOLE | 0 | 20000 | 0 | 0 |
| Simon Property Group Inc | COM | 828806109 |  | 2558 | 13820 | SH |  | SOLE | 0 | 13820 | 0 | 0 |
| SB Financial Group Inc | COM | 78408D105 |  | 140 | 6300 | SH |  | SOLE | 0 | 6300 | 0 | 0 |
| RingCentral Inc | COM | 76680R206 |  | 82935 | 2871700 | SH |  | SOLE | 0 | 1598000 | 0 | 1273700 |
| Radian Group Inc | COM | 750236101 |  | 215372 | 5984229 | SH |  | SOLE | 0 | 3886186 | 0 | 2098043 |
| PROG Holdings Inc | COM | 74319R101 |  | 34205 | 1159874 | SH |  | SOLE | 0 | 702900 | 0 | 456974 |
| Piedmont Realty Trust Inc | COM | 720190206 |  | 32242 | 3865954 | SH |  | SOLE | 0 | 3047854 | 0 | 818100 |
| Pediatrix Medical Group Inc | COM | 58502B106 |  | 9886 | 462200 | SH |  | SOLE | 0 | 327800 | 0 | 134400 |
| Otter Tail Corp | COM | 689648103 |  | 43390 | 536941 | SH |  | SOLE | 0 | 325174 | 0 | 211767 |
| Oil States International Inc | COM | 678026105 |  | 1500 | 221600 | SH |  | SOLE | 0 | 193900 | 0 | 27700 |
| Nextpower Inc | COM | 65290E101 |  | 383 | 4400 | SH |  | SOLE | 0 | 4400 | 0 | 0 |
| Murphy USA Inc | COM | 626755102 |  | 12073 | 29920 | SH |  | SOLE | 0 | 12940 | 0 | 16980 |
| MiMedx Group Inc | COM | 602496101 |  | 360 | 53119 | SH |  | SOLE | 0 | 43219 | 0 | 9900 |
| Mercury General Corp | COM | 589400100 |  | 5239 | 55700 | SH |  | SOLE | 0 | 6100 | 0 | 49600 |
| Macy's Inc | COM | 55616P104 |  | 132407 | 6004835 | SH |  | SOLE | 0 | 4049135 | 0 | 1955700 |
| Leidos Holdings Inc | COM | 525327102 |  | 48672 | 269800 | SH |  | SOLE | 0 | 229800 | 0 | 40000 |
| Kilroy Realty Corp | COM | 49427F108 |  | 21880 | 585500 | SH |  | SOLE | 0 | 305800 | 0 | 279700 |
| Jazz Pharmaceuticals PLC | COM | G50871105 |  | 417513 | 2455957 | SH |  | SOLE | 0 | 1677081 | 0 | 778876 |
| Integra LifeSciences Holdings Corp | COM | 457985208 |  | 2749 | 221300 | SH |  | SOLE | 0 | 125900 | 0 | 95400 |
| HSBC Holdings PLC | COM | 404280406 |  | 2819 | 35828 | SH |  | SOLE | 0 | 11380 | 0 | 24448 |
| Healthpeak Properties Inc | COM | 42250P103 |  | 3998 | 248643 | SH |  | SOLE | 0 | 207743 | 0 | 40900 |
| Halliburton Co | COM | 406216101 |  | 171847 | 6080922 | SH |  | SOLE | 0 | 4279822 | 0 | 1801100 |
| Golub Capital BDC Inc | COM | 38173M102 |  | 13964 | 1029000 | SH |  | SOLE | 0 | 377000 | 0 | 652000 |
| General Mills Inc | COM | 370334104 |  | 187551 | 4033350 | SH |  | SOLE | 0 | 2593350 | 0 | 1440000 |
| Ford Motor Co | COM | 345370860 |  | 225926 | 17220000 | SH |  | SOLE | 0 | 11011447 | 0 | 6208553 |
| First Bancorp Inc/The | COM | 31866P102 |  | 851 | 32198 | SH |  | SOLE | 0 | 1700 | 0 | 30498 |
| Evergy Inc | COM | 30034W106 |  | 10163 | 140200 | SH |  | SOLE | 0 | 6400 | 0 | 133800 |
| Encore Capital Group Inc | COM | 292554102 |  | 114 | 2100 | SH |  | SOLE | 0 | 2100 | 0 | 0 |
| DXC Technology Co | COM | 23355L106 |  | 52465 | 3581216 | SH |  | SOLE | 0 | 2055452 | 0 | 1525764 |
| Dick's Sporting Goods Inc | COM | 253393102 |  | 61590 | 311110 | SH |  | SOLE | 0 | 158310 | 0 | 152800 |
| Crown Holdings Inc | COM | 228368106 |  | 88377 | 858275 | SH |  | SOLE | 0 | 584095 | 0 | 274180 |
| Consensus Cloud Solutions Inc | COM | 20848V105 |  | 15636 | 716585 | SH |  | SOLE | 0 | 406756 | 0 | 309829 |
| CNO Financial Group Inc | COM | 12621E103 |  | 130461 | 3071849 | SH |  | SOLE | 0 | 1995767 | 0 | 1076082 |
| Cigna Group/The | COM | 125523100 |  | 149149 | 541907 | SH |  | SOLE | 0 | 327770 | 0 | 214137 |
| Caterpillar Inc | COM | 149123101 |  | 2578 | 4500 | SH |  | SOLE | 0 | 4500 | 0 | 0 |
| Camden National Corp | COM | 133034108 |  | 8966 | 206695 | SH |  | SOLE | 0 | 105995 | 0 | 100700 |
| Broadstone Net Lease Inc | COM | 11135E203 |  | 37458 | 2156500 | SH |  | SOLE | 0 | 1323800 | 0 | 832700 |
| Bloomin' Brands Inc | COM | 094235108 |  | 16872 | 2734539 | SH |  | SOLE | 0 | 1741822 | 0 | 992717 |
| Barings BDC Inc | COM | 06759L103 |  | 429 | 46700 | SH |  | SOLE | 0 | 28400 | 0 | 18300 |
| Avista Corp | COM | 05379B107 |  | 8452 | 219298 | SH |  | SOLE | 0 | 139000 | 0 | 80298 |
| Ardent Health Inc | COM | 03980N107 |  | 963 | 109100 | SH |  | SOLE | 0 | 0 | 0 | 109100 |
| Amkor Technology Inc | COM | 031652100 |  | 111336 | 2820062 | SH |  | SOLE | 0 | 1604250 | 0 | 1215812 |
| Alphabet Inc | COM | 02079K107 |  | 20836 | 66400 | SH |  | SOLE | 0 | 66400 | 0 | 0 |
| Adobe Inc | COM | 00724F101 |  | 319625 | 913240 | SH |  | SOLE | 0 | 527490 | 0 | 385750 |
| Ziff Davis Inc | COM | 48123V102 |  | 31906 | 907721 | SH |  | SOLE | 0 | 387600 | 0 | 520121 |
| Whirlpool Corp | COM | 963320106 |  | 32315 | 447951 | SH |  | SOLE | 0 | 354000 | 0 | 93951 |
| Visa Inc | COM | 92826C839 |  | 2583 | 7364 | SH |  | SOLE | 0 | 7364 | 0 | 0 |
| Urban Outfitters Inc | COM | 917047102 |  | 233 | 3100 | SH |  | SOLE | 0 | 3100 | 0 | 0 |
| Unit Corp | COM | 909218406 |  | 222 | 7200 | SH |  | SOLE | 0 | 4800 | 0 | 2400 |
| TPG Mortgage Investment Trust Inc | COM | 001228501 |  | 2610 | 306280 | SH |  | SOLE | 0 | 212480 | 0 | 93800 |
| Tencent Music Entertainment Group | COM | 88034P109 |  | 4016 | 229094 | SH |  | SOLE | 0 | 133394 | 0 | 95700 |
| Synaptics Inc | COM | 87157D109 |  | 363 | 4900 | SH |  | SOLE | 0 | 4900 | 0 | 0 |
| Sonic Automotive Inc | COM | 83545G102 |  | 223 | 3600 | SH |  | SOLE | 0 | 3600 | 0 | 0 |
| Sierra Bancorp | COM | 82620P102 |  | 2627 | 80400 | SH |  | SOLE | 0 | 75100 | 0 | 5300 |
| Sandisk Corp/DE | COM | 80004C200 |  | 63234 | 266385 | SH |  | SOLE | 0 | 195258 | 0 | 71127 |
| Ribbon Communications Inc | COM | 762544104 |  | 391 | 135800 | SH |  | SOLE | 0 | 106500 | 0 | 29300 |
| Qualys Inc | COM | 74758T303 |  | 385 | 2900 | SH |  | SOLE | 0 | 2900 | 0 | 0 |
| Primoris Services Corp | COM | 74164F103 |  | 6666 | 53700 | SH |  | SOLE | 0 | 23600 | 0 | 30100 |
| Phillips 66 | COM | 718546104 |  | 108052 | 837349 | SH |  | SOLE | 0 | 606078 | 0 | 231271 |
| PayPal Holdings Inc | COM | 70450Y103 |  | 219496 | 3759789 | SH |  | SOLE | 0 | 2425310 | 0 | 1334479 |
| Organon  Co | COM | 68622V106 |  | 53577 | 7472429 | SH |  | SOLE | 0 | 4320579 | 0 | 3151850 |
| Oaktree Specialty Lending Corp | COM | 67401P405 |  | 1783 | 139966 | SH |  | SOLE | 0 | 50666 | 0 | 89300 |
| Newmont Corp | COM | 651639106 |  | 399086 | 3996851 | SH |  | SOLE | 0 | 2660239 | 0 | 1336612 |
| Mueller Industries Inc | COM | 624756102 |  | 180050 | 1568380 | SH |  | SOLE | 0 | 1035580 | 0 | 532800 |
| MillerKnoll Inc | COM | 600544100 |  | 24924 | 1363446 | SH |  | SOLE | 0 | 947446 | 0 | 416000 |
| Medtronic PLC | COM | G5960L103 |  | 557 | 5800 | SH |  | SOLE | 0 | 5800 | 0 | 0 |
| LyondellBasell Industries NV | COM | N53745100 |  | 9790 | 226100 | SH |  | SOLE | 0 | 133100 | 0 | 93000 |
| Lam Research Corp | COM | 512807306 |  | 19087 | 111504 | SH |  | SOLE | 0 | 59904 | 0 | 51600 |
| Kennametal Inc | COM | 489170100 |  | 2290 | 80600 | SH |  | SOLE | 0 | 80600 | 0 | 0 |
| Jackson Financial Inc | COM | 46817M107 |  | 95659 | 896939 | SH |  | SOLE | 0 | 628939 | 0 | 268000 |
| Innovative Industrial Properties Inc | COM | 45781V101 |  | 5176 | 109300 | SH |  | SOLE | 0 | 68200 | 0 | 41100 |
| Host Hotels  Resorts Inc | COM | 44107P104 |  | 176457 | 9952445 | SH |  | SOLE | 0 | 7202845 | 0 | 2749600 |
| HCA Healthcare Inc | COM | 40412C101 |  | 385564 | 825867 | SH |  | SOLE | 0 | 540103 | 0 | 285764 |
| Gulfport Energy Corp | COM | 402635502 |  | 9300 | 44713 | SH |  | SOLE | 0 | 20553 | 0 | 24160 |
| GoDaddy Inc | COM | 380237107 |  | 149 | 1200 | SH |  | SOLE | 0 | 1200 | 0 | 0 |
| Gates Industrial Corp PLC | COM | G39108108 |  | 54688 | 2547162 | SH |  | SOLE | 0 | 1304391 | 0 | 1242771 |
| Flexsteel Industries Inc | COM | 339382103 |  | 1493 | 37800 | SH |  | SOLE | 0 | 26900 | 0 | 10900 |
| Fidelis Insurance Holdings Ltd | COM | G3398L118 |  | 85672 | 4377732 | SH |  | SOLE | 0 | 2622752 | 0 | 1754980 |
| Euronet Worldwide Inc | COM | 298736109 |  | 1134 | 14900 | SH |  | SOLE | 0 | 14900 | 0 | 0 |
| Emergent BioSolutions Inc | COM | 29089Q105 |  | 11136 | 901000 | SH |  | SOLE | 0 | 404800 | 0 | 496200 |
| Douglas Dynamics Inc | COM | 25960R105 |  | 2524 | 77303 | SH |  | SOLE | 0 | 71903 | 0 | 5400 |
| Devon Energy Corp | COM | 25179M103 |  | 29289 | 799587 | SH |  | SOLE | 0 | 644087 | 0 | 155500 |
| Crescent Capital BDC Inc | COM | 225655109 |  | 103 | 7300 | SH |  | SOLE | 0 | 7300 | 0 | 0 |
| Concentrix Corp | COM | 20602D101 |  | 10696 | 257251 | SH |  | SOLE | 0 | 112832 | 0 | 144419 |
| CNA Financial Corp | COM | 126117100 |  | 12656 | 265100 | SH |  | SOLE | 0 | 246300 | 0 | 18800 |
| Chord Energy Corp | COM | 674215207 |  | 13848 | 149385 | SH |  | SOLE | 0 | 131985 | 0 | 17400 |
| Cars.com Inc | COM | 14575E105 |  | 2330 | 191000 | SH |  | SOLE | 0 | 142400 | 0 | 48600 |
| Caleres Inc | COM | 129500104 |  | 781 | 64200 | SH |  | SOLE | 0 | 0 | 0 | 64200 |
| Bristol-Myers Squibb Co | COM | 110122108 |  | 466731 | 8652789 | SH |  | SOLE | 0 | 5154528 | 0 | 3498261 |
| Blackbaud Inc | COM | 09227Q100 |  | 298 | 4700 | SH |  | SOLE | 0 | 4700 | 0 | 0 |
| BankUnited Inc | COM | 06652K103 |  | 13897 | 311808 | SH |  | SOLE | 0 | 138687 | 0 | 173121 |
| AutoNation Inc | COM | 05329W102 |  | 108634 | 526125 | SH |  | SOLE | 0 | 364109 | 0 | 162016 |
| Arbor Realty Trust Inc | COM | 038923108 |  | 41 | 5300 | SH |  | SOLE | 0 | 5300 | 0 | 0 |
| American Public Education Inc | COM | 02913V103 |  | 2385 | 63100 | SH |  | SOLE | 0 | 57900 | 0 | 5200 |
| Allison Transmission Holdings Inc | COM | 01973R101 |  | 223642 | 2284394 | SH |  | SOLE | 0 | 1430161 | 0 | 854233 |
| ACM Research Inc | COM | 00108J109 |  | 93912 | 2380521 | SH |  | SOLE | 0 | 1592443 | 0 | 788078 |
| YETI Holdings Inc | COM | 98585X104 |  | 649 | 14700 | SH |  | SOLE | 0 | 14700 | 0 | 0 |
| Western Digital Corp | COM | 958102105 |  | 128240 | 744412 | SH |  | SOLE | 0 | 480912 | 0 | 263500 |
| Village Super Market Inc | COM | 927107409 |  | 3507 | 99071 | SH |  | SOLE | 0 | 71371 | 0 | 27700 |
| Unum Group | COM | 91529Y106 |  | 206584 | 2665606 | SH |  | SOLE | 0 | 1713656 | 0 | 951950 |
| UiPath Inc | COM | 90364P105 |  | 547 | 33400 | SH |  | SOLE | 0 | 33400 | 0 | 0 |
| TotalEnergies SE | COM | F92124100 |  | 1734 | 26500 | SH |  | SOLE | 0 | 4500 | 0 | 22000 |
| TEGNA Inc | COM | 87901J105 |  | 134911 | 6950571 | SH |  | SOLE | 0 | 4284496 | 0 | 2666075 |
| Super Group SGHC Ltd | COM | G8588X103 |  | 250 | 20900 | SH |  | SOLE | 0 | 20900 | 0 | 0 |
| Softbrands Inc ACQUIRED | COM | 83402A990 |  | 0 | 40 | SH |  | SOLE | 0 | 40 | 0 | 0 |
| Shoe Carnival Inc | COM | 824889109 |  | 4511 | 267218 | SH |  | SOLE | 0 | 89218 | 0 | 178000 |
| Safe Bulkers Inc | COM | Y7388L103 |  | 9466 | 1963990 | SH |  | SOLE | 0 | 1206490 | 0 | 757500 |
| Reliance Inc | COM | 759509102 |  | 1127 | 3900 | SH |  | SOLE | 0 | 3900 | 0 | 0 |
| Qorvo Inc | COM | 74736K101 |  | 131452 | 1555461 | SH |  | SOLE | 0 | 746496 | 0 | 808965 |
| Preformed Line Products Co | COM | 740444104 |  | 351 | 1700 | SH |  | SOLE | 0 | 1700 | 0 | 0 |
| Pfizer Inc | COM | 717081103 |  | 435818 | 17502714 | SH |  | SOLE | 0 | 10794500 | 0 | 6708214 |
| Park-Ohio Holdings Corp | COM | 700666100 |  | 3007 | 143612 | SH |  | SOLE | 0 | 47561 | 0 | 96051 |
| Open Text Corp | COM | 683715106 |  | 179 | 5500 | SH |  | SOLE | 0 | 5500 | 0 | 0 |
| NWPX Infrastructure Inc | COM | 667746101 |  | 8971 | 143558 | SH |  | SOLE | 0 | 104958 | 0 | 38600 |
| New York Times Co/The | COM | 650111107 |  | 340 | 4900 | SH |  | SOLE | 0 | 4900 | 0 | 0 |
| Motorcar Parts of America Inc | COM | 620071100 |  | 114 | 9200 | SH |  | SOLE | 0 | 0 | 0 | 9200 |
| Mid Penn Bancorp Inc | COM | 59540G107 |  | 3437 | 110800 | SH |  | SOLE | 0 | 84600 | 0 | 26200 |
| Maximus Inc | COM | 577933104 |  | 14122 | 163600 | SH |  | SOLE | 0 | 60600 | 0 | 103000 |
| LUKOIL PJSC | COM | 69343P105 |  | 0 | 1158108 | SH |  | SOLE | 0 | 947596 | 0 | 210512 |
| Kyndryl Holdings Inc | COM | 50155Q100 |  | 93 | 3500 | SH |  | SOLE | 0 | 3500 | 0 | 0 |
| KB Financial Group Inc | COM | 48241A105 |  | 1729 | 20100 | SH |  | SOLE | 0 | 20100 | 0 | 0 |
| J M Smucker Co/The | COM | 832696405 |  | 69338 | 708900 | SH |  | SOLE | 0 | 553400 | 0 | 155500 |
| Ingles Markets Inc | COM | 457030104 |  | 7703 | 112364 | SH |  | SOLE | 0 | 53764 | 0 | 58600 |
| Honda Motor Co Ltd | COM | 438128308 |  | 5621 | 190680 | SH |  | SOLE | 0 | 38500 | 0 | 152180 |
| Hartford Insurance Group Inc/The | COM | 416515104 |  | 422334 | 3064831 | SH |  | SOLE | 0 | 1969212 | 0 | 1095619 |
| Group 1 Automotive Inc | COM | 398905109 |  | 42383 | 107762 | SH |  | SOLE | 0 | 57200 | 0 | 50562 |
| Global Payments Inc | COM | 37940X102 |  | 34683 | 448100 | SH |  | SOLE | 0 | 329300 | 0 | 118800 |
| Gaming and Leisure Properties Inc | COM | 36467J108 |  | 26738 | 598300 | SH |  | SOLE | 0 | 464300 | 0 | 134000 |
| Fiserv Inc | COM | 337738108 |  | 808 | 12028 | SH |  | SOLE | 0 | 12028 | 0 | 0 |
| Federated Hermes Inc | COM | 314211103 |  | 150497 | 2890276 | SH |  | SOLE | 0 | 1566413 | 0 | 1323863 |
| Essent Group Ltd | COM | G3198U102 |  | 31802 | 489190 | SH |  | SOLE | 0 | 321290 | 0 | 167900 |
| Elevance Health Inc | COM | 036752103 |  | 16358 | 46664 | SH |  | SOLE | 0 | 44064 | 0 | 2600 |
| Dollar Tree Inc | COM | 256746108 |  | 6015 | 48900 | SH |  | SOLE | 0 | 29800 | 0 | 19100 |
| Dell Technologies Inc | COM | 24703L202 |  | 356694 | 2833600 | SH |  | SOLE | 0 | 1855088 | 0 | 978512 |
| Covenant Logistics Group Inc | COM | 22284P105 |  | 9997 | 453604 | SH |  | SOLE | 0 | 260400 | 0 | 193204 |
| Community Healthcare Trust Inc | COM | 20369C106 |  | 2525 | 153758 | SH |  | SOLE | 0 | 145500 | 0 | 8258 |
| Civitas Resources Inc | COM | 17888H103 |  | 11425 | 421745 | SH |  | SOLE | 0 | 158745 | 0 | 263000 |
| Chemung Financial Corp | COM | 164024101 |  | 805 | 14421 | SH |  | SOLE | 0 | 10621 | 0 | 3800 |
| Carlyle Secured Lending Inc | COM | 872280102 |  | 4581 | 366750 | SH |  | SOLE | 0 | 180200 | 0 | 186550 |
| Cable One Inc | COM | 12685J105 |  | 2325 | 20607 | SH |  | SOLE | 0 | 11967 | 0 | 8640 |
| Brighthouse Financial Inc | COM | 10922N103 |  | 6905 | 106573 | SH |  | SOLE | 0 | 25473 | 0 | 81100 |
| Big Lots Inc | COM | 089302103 |  | 0 | 100 | SH |  | SOLE | 0 | 100 | 0 | 0 |
| Bank of Nova Scotia/The | COM | 064149107 |  | 199 | 2700 | SH |  | SOLE | 0 | 2700 | 0 | 0 |
| Atkore Inc | COM | 047649108 |  | 60748 | 960450 | SH |  | SOLE | 0 | 580220 | 0 | 380230 |
| Apple Inc | COM | 037833100 |  | 28043 | 103153 | SH |  | SOLE | 0 | 103153 | 0 | 0 |
| American Eagle Outfitters Inc | COM | 02553E106 |  | 13747 | 521300 | SH |  | SOLE | 0 | 348100 | 0 | 173200 |
| Albertsons Cos Inc | COM | 013091103 |  | 191109 | 11130407 | SH |  | SOLE | 0 | 7169807 | 0 | 3960600 |
| Accel Entertainment Inc | COM | 00436Q106 |  | 252 | 22100 | SH |  | SOLE | 0 | 12400 | 0 | 9700 |
| XP Inc | COM | G98239109 |  | 416 | 25400 | SH |  | SOLE | 0 | 4800 | 0 | 20600 |
| Wendy's Co/The | COM | 95058W100 |  | 82 | 9800 | SH |  | SOLE | 0 | 9800 | 0 | 0 |
| Viatris Inc | COM | 92556V106 |  | 94229 | 7568559 | SH |  | SOLE | 0 | 5616895 | 0 | 1951664 |
| Universal Health Services Inc | COM | 913903100 |  | 165024 | 756922 | SH |  | SOLE | 0 | 566173 | 0 | 190749 |
| Twilio Inc | COM | 90138F102 |  | 2992 | 21035 | SH |  | SOLE | 0 | 21035 | 0 | 0 |
| Toll Brothers Inc | COM | 889478103 |  | 115416 | 853542 | SH |  | SOLE | 0 | 508200 | 0 | 345342 |
| TD SYNNEX Corp | COM | 87162W100 |  | 313471 | 2086604 | SH |  | SOLE | 0 | 1308279 | 0 | 778325 |
| Summit Hotel Properties Inc | COM | 866082100 |  | 1578 | 324100 | SH |  | SOLE | 0 | 324100 | 0 | 0 |
| SLM Corp | COM | 78442P106 |  | 24113 | 891100 | SH |  | SOLE | 0 | 343500 | 0 | 547600 |
| Shell PLC | COM | 780259305 |  | 1212 | 16500 | SH |  | SOLE | 0 | 900 | 0 | 15600 |
| Ryerson Holding Corp | COM | 783754104 |  | 264 | 10500 | SH |  | SOLE | 0 | 6500 | 0 | 4000 |
| Regional Management Corp | COM | 75902K106 |  | 13130 | 338832 | SH |  | SOLE | 0 | 261832 | 0 | 77000 |
| PulteGroup Inc | COM | 745867101 |  | 318822 | 2718929 | SH |  | SOLE | 0 | 1865564 | 0 | 853365 |
| Portland General Electric Co | COM | 736508847 |  | 38351 | 799147 | SH |  | SOLE | 0 | 366500 | 0 | 432647 |
| Perrigo Co PLC | COM | G97822103 |  | 1864 | 133900 | SH |  | SOLE | 0 | 56500 | 0 | 77400 |
| Par Pacific Holdings Inc | COM | 69888T207 |  | 5801 | 165091 | SH |  | SOLE | 0 | 142091 | 0 | 23000 |
| OneSpan Inc | COM | 68287N100 |  | 9035 | 703632 | SH |  | SOLE | 0 | 313800 | 0 | 389832 |
| NRG Energy Inc | COM | 629377508 |  | 1481 | 9300 | SH |  | SOLE | 0 | 9300 | 0 | 0 |
| Netflix Inc | COM | 64110L106 |  | 2591 | 27630 | SH |  | SOLE | 0 | 27630 | 0 | 0 |
| Molson Coors Beverage Co | COM | 60871R209 |  | 279659 | 5990976 | SH |  | SOLE | 0 | 3888296 | 0 | 2102680 |
| MGM Resorts International | COM | 552953101 |  | 95961 | 2629800 | SH |  | SOLE | 0 | 1835400 | 0 | 794400 |
| Match Group Inc | COM | 57667L107 |  | 182264 | 5644584 | SH |  | SOLE | 0 | 3485684 | 0 | 2158900 |
| Lockheed Martin Corp | COM | 539830109 |  | 84888 | 175508 | SH |  | SOLE | 0 | 132808 | 0 | 42700 |
| Kraft Heinz Co/The | COM | 500754106 |  | 198031 | 8166210 | SH |  | SOLE | 0 | 5013996 | 0 | 3152214 |
| JPMorgan Chase  Co | COM | 46625H100 |  | 197238 | 612122 | SH |  | SOLE | 0 | 507622 | 0 | 104500 |
| Iridium Communications Inc | COM | 46269C102 |  | 170 | 9800 | SH |  | SOLE | 0 | 9800 | 0 | 0 |
| Indivior Ltd | COM | G4766E116 |  | 10446 | 291134 | SH |  | SOLE | 0 | 44400 | 0 | 246734 |
| HF Sinclair Corp | COM | 403949100 |  | 156646 | 3399427 | SH |  | SOLE | 0 | 2419981 | 0 | 979446 |
| Harmonic Inc | COM | 413160102 |  | 1129 | 114200 | SH |  | SOLE | 0 | 114200 | 0 | 0 |
| Greif Inc | COM | 397624107 |  | 9945 | 146900 | SH |  | SOLE | 0 | 28300 | 0 | 118600 |
| Gladstone Commercial Corp | COM | 376536108 |  | 3312 | 310400 | SH |  | SOLE | 0 | 196400 | 0 | 114000 |
| FS KKR Capital Corp | COM | 302635206 |  | 23693 | 1599765 | SH |  | SOLE | 0 | 849715 | 0 | 750050 |
| First Internet Bancorp | COM | 320557101 |  | 77 | 3700 | SH |  | SOLE | 0 | 3700 | 0 | 0 |
| F Annuities  Life Inc | COM | 30190A104 |  | 802 | 26000 | SH |  | SOLE | 0 | 26000 | 0 | 0 |
| ePlus Inc | COM | 294268107 |  | 579 | 6600 | SH |  | SOLE | 0 | 2600 | 0 | 4000 |
| Edison International | COM | 281020107 |  | 39993 | 666326 | SH |  | SOLE | 0 | 433526 | 0 | 232800 |
| Docusign Inc | COM | 256163106 |  | 157 | 2300 | SH |  | SOLE | 0 | 2300 | 0 | 0 |
| Dave  Buster's Entertainment Inc | COM | 238337109 |  | 6492 | 400486 | SH |  | SOLE | 0 | 124700 | 0 | 275786 |
| Costamare Inc | COM | Y1771G102 |  | 1513 | 95800 | SH |  | SOLE | 0 | 1700 | 0 | 94100 |
| Comcast Corp | COM | 20030N101 |  | 412737 | 13808535 | SH |  | SOLE | 0 | 8163176 | 0 | 5645359 |
| City Bank/Lynnwood WA | COM | 17770A109 |  | 0 | 3200 | SH |  | SOLE | 0 | 3200 | 0 | 0 |
| Charles River Laboratories International Inc | COM | 159864107 |  | 94933 | 475900 | SH |  | SOLE | 0 | 269500 | 0 | 206400 |
| Capitol Federal Financial Inc | COM | 14057J101 |  | 4674 | 686350 | SH |  | SOLE | 0 | 556600 | 0 | 129750 |
| BXP Inc | COM | 101121101 |  | 378 | 5600 | SH |  | SOLE | 0 | 5600 | 0 | 0 |
| Braemar Hotels  Resorts Inc | COM | 10482B101 |  | 4935 | 1719381 | SH |  | SOLE | 0 | 651992 | 0 | 1067389 |
| Berkshire Hathaway Inc | COM | 084670702 |  | 7942 | 15800 | SH |  | SOLE | 0 | 15800 | 0 | 0 |
| Banco Latinoamericano de Comercio Exterior SA | COM | P16994132 |  | 51907 | 1163826 | SH |  | SOLE | 0 | 715326 | 0 | 448500 |
| Associated Banc-Corp | COM | 045487105 |  | 94363 | 3663163 | SH |  | SOLE | 0 | 2502463 | 0 | 1160700 |
| APA Corp | COM | 03743Q108 |  | 102785 | 4202160 | SH |  | SOLE | 0 | 3015970 | 0 | 1186190 |
| American Airlines Group Inc | COM | 02376R102 |  | 43540 | 2840186 | SH |  | SOLE | 0 | 1988886 | 0 | 851300 |
| Akamai Technologies Inc | COM | 00971T101 |  | 68395 | 783900 | SH |  | SOLE | 0 | 332700 | 0 | 451200 |
| Acadia Healthcare Co Inc | COM | 00404A109 |  | 3000 | 211400 | SH |  | SOLE | 0 | 22200 | 0 | 189200 |
| Wynn Resorts Ltd | COM | 983134107 |  | 144 | 1200 | SH |  | SOLE | 0 | 1200 | 0 | 0 |
| Walt Disney Co/The | COM | 254687106 |  | 10444 | 91800 | SH |  | SOLE | 0 | 91800 | 0 | 0 |
| Varex Imaging Corp | COM | 92214X106 |  | 14496 | 1244329 | SH |  | SOLE | 0 | 715474 | 0 | 528855 |
| UnitedHealth Group Inc | COM | 91324P102 |  | 1155 | 3500 | SH |  | SOLE | 0 | 3500 | 0 | 0 |
| Trustmark Corp | COM | 898402102 |  | 82 | 2100 | SH |  | SOLE | 0 | 2100 | 0 | 0 |
| Tidewater Inc | COM | 88642R109 |  | 76 | 1500 | SH |  | SOLE | 0 | 1500 | 0 | 0 |
| Tapestry Inc | COM | 876030107 |  | 19642 | 153728 | SH |  | SOLE | 0 | 132128 | 0 | 21600 |
| StoneCo Ltd | COM | G85158106 |  | 407 | 27500 | SH |  | SOLE | 0 | 27500 | 0 | 0 |
| SkyWest Inc | COM | 830879102 |  | 16123 | 160572 | SH |  | SOLE | 0 | 89445 | 0 | 71127 |
| Sealed Air Corp | COM | 81211K100 |  | 6032 | 145600 | SH |  | SOLE | 0 | 117400 | 0 | 28200 |
| Royal Caribbean Cruises Ltd | COM | V7780T103 |  | 223 | 800 | SH |  | SOLE | 0 | 800 | 0 | 0 |
| Red River Bancshares Inc | COM | 75686R202 |  | 617 | 8637 | SH |  | SOLE | 0 | 4800 | 0 | 3837 |
| Proto Labs Inc | COM | 743713109 |  | 172 | 3400 | SH |  | SOLE | 0 | 3400 | 0 | 0 |
| PNC Financial Services Group Inc/The | COM | 693475105 |  | 4467 | 21400 | SH |  | SOLE | 0 | 21400 | 0 | 0 |
| Peoples Bancorp of North Carolina Inc | COM | 710577107 |  | 127 | 3500 | SH |  | SOLE | 0 | 3500 | 0 | 0 |
| Pacira BioSciences Inc | COM | 695127100 |  | 8276 | 319800 | SH |  | SOLE | 0 | 240900 | 0 | 78900 |
| Omnicell Inc | COM | 68213N109 |  | 145 | 3200 | SH |  | SOLE | 0 | 3200 | 0 | 0 |
| Northwest Bancshares Inc | COM | 667340103 |  | 1867 | 155600 | SH |  | SOLE | 0 | 114400 | 0 | 41200 |
| Navigator Holdings Ltd | COM | Y62132108 |  | 3108 | 179457 | SH |  | SOLE | 0 | 130104 | 0 | 49353 |
| Mobile TeleSystems PJSC | COM | 607409109 |  | 0 | 2704000 | SH |  | SOLE | 0 | 2341700 | 0 | 362300 |
| MetLife Inc | COM | 59156R108 |  | 120905 | 1531600 | SH |  | SOLE | 0 | 973300 | 0 | 558300 |
| Marathon Petroleum Corp | COM | 56585A102 |  | 216276 | 1329864 | SH |  | SOLE | 0 | 989150 | 0 | 340714 |
| LivaNova PLC | COM | G5509L101 |  | 42647 | 693110 | SH |  | SOLE | 0 | 474310 | 0 | 218800 |
| Kohl's Corp | COM | 500255104 |  | 17502 | 857510 | SH |  | SOLE | 0 | 443400 | 0 | 414110 |
| John Wiley  Sons Inc | COM | 968223206 |  | 3911 | 127700 | SH |  | SOLE | 0 | 22400 | 0 | 105300 |
| Intuit Inc | COM | 461202103 |  | 265 | 400 | SH |  | SOLE | 0 | 400 | 0 | 0 |
| Illumina Inc | COM | 452327109 |  | 3279 | 25000 | SH |  | SOLE | 0 | 8700 | 0 | 16300 |
| Herbalife Ltd | COM | G4412G101 |  | 34950 | 2711394 | SH |  | SOLE | 0 | 1787404 | 0 | 923990 |
| Hanmi Financial Corp | COM | 410495204 |  | 36528 | 1351375 | SH |  | SOLE | 0 | 922675 | 0 | 428700 |
| Great Southern Bancorp Inc | COM | 390905107 |  | 8057 | 130884 | SH |  | SOLE | 0 | 99286 | 0 | 31598 |
| Getty Realty Corp | COM | 374297109 |  | 6393 | 233563 | SH |  | SOLE | 0 | 184663 | 0 | 48900 |
| Friedman Industries Inc | COM | 358435105 |  | 586 | 28600 | SH |  | SOLE | 0 | 21000 | 0 | 7600 |
| First Financial Bancorp | COM | 320209109 |  | 6866 | 274410 | SH |  | SOLE | 0 | 128603 | 0 | 145807 |
| Expedia Group Inc | COM | 30212P303 |  | 262658 | 927105 | SH |  | SOLE | 0 | 600525 | 0 | 326580 |
| Ennis Inc | COM | 293389102 |  | 8987 | 499006 | SH |  | SOLE | 0 | 263056 | 0 | 235950 |
| eBay Inc | COM | 278642103 |  | 473660 | 5438120 | SH |  | SOLE | 0 | 3491896 | 0 | 1946224 |
| Dine Brands Global Inc | COM | 254423106 |  | 15208 | 473192 | SH |  | SOLE | 0 | 238792 | 0 | 234400 |
| CVB Financial Corp | COM | 126600105 |  | 2286 | 122900 | SH |  | SOLE | 0 | 122900 | 0 | 0 |
| Corebridge Financial Inc | COM | 21871X109 |  | 142518 | 4723828 | SH |  | SOLE | 0 | 3463300 | 0 | 1260528 |
| Colony Bankcorp Inc | COM | 19623P101 |  | 540 | 30300 | SH |  | SOLE | 0 | 22900 | 0 | 7400 |
| Cisco Systems Inc | COM | 17275R102 |  | 645332 | 8377670 | SH |  | SOLE | 0 | 4869100 | 0 | 3508570 |
| Central Garden  Pet Co | COM | 153527205 |  | 61984 | 2123479 | SH |  | SOLE | 0 | 1002756 | 0 | 1120723 |
| Canon Inc | COM | 138006309 |  | 6040 | 204400 | SH |  | SOLE | 0 | 41600 | 0 | 162800 |
| Bunge Global SA | COM | H11356104 |  | 119308 | 1339340 | SH |  | SOLE | 0 | 774797 | 0 | 564543 |
| BorgWarner Inc | COM | 099724106 |  | 290481 | 6446541 | SH |  | SOLE | 0 | 4237500 | 0 | 2209041 |
| BCB Bancorp Inc | COM | 055298103 |  | 631 | 78200 | SH |  | SOLE | 0 | 49900 | 0 | 28300 |
| B Foods Inc | COM | 05508R106 |  | 222 | 51600 | SH |  | SOLE | 0 | 11100 | 0 | 40500 |
| Arrow Electronics Inc | COM | 042735100 |  | 216037 | 1960765 | SH |  | SOLE | 0 | 1135130 | 0 | 825635 |
| Angi Inc | COM | 00183L201 |  | 5856 | 452925 | SH |  | SOLE | 0 | 346600 | 0 | 106325 |
| Amazon.com Inc | COM | 023135106 |  | 23590 | 102200 | SH |  | SOLE | 0 | 102200 | 0 | 0 |
| Affiliated Managers Group Inc | COM | 008252108 |  | 136362 | 473021 | SH |  | SOLE | 0 | 310921 | 0 | 162100 |
| Abbott Laboratories | COM | 002824100 |  | 404 | 3225 | SH |  | SOLE | 0 | 3200 | 0 | 25 |
| Worthington Enterprises Inc | COM | 981811102 |  | 10684 | 207182 | SH |  | SOLE | 0 | 189738 | 0 | 17444 |
| WaFd Inc | COM | 938824109 |  | 9519 | 297200 | SH |  | SOLE | 0 | 158200 | 0 | 139000 |
| Valero Energy Corp | COM | 91913Y100 |  | 202535 | 1244150 | SH |  | SOLE | 0 | 909130 | 0 | 335020 |
| United Parks  Resorts Inc | COM | 81282V100 |  | 1673 | 46100 | SH |  | SOLE | 0 | 46100 | 0 | 0 |
| TriMas Corp | COM | 896215209 |  | 280 | 7900 | SH |  | SOLE | 0 | 7900 | 0 | 0 |
| Tesla Inc | COM | 88160R101 |  | 4142 | 9210 | SH |  | SOLE | 0 | 9210 | 0 | 0 |
| Tactile Systems Technology Inc | COM | 87357P100 |  | 9367 | 323004 | SH |  | SOLE | 0 | 188692 | 0 | 134312 |
| Standard Motor Products Inc | COM | 853666105 |  | 251 | 6800 | SH |  | SOLE | 0 | 6800 | 0 | 0 |
| SiriusPoint Ltd | COM | G8192H106 |  | 5647 | 257969 | SH |  | SOLE | 0 | 34679 | 0 | 223290 |
| Scholastic Corp | COM | 807066105 |  | 1374 | 46384 | SH |  | SOLE | 0 | 21884 | 0 | 24500 |
| Rithm Capital Corp | COM | 64828T201 |  | 57987 | 5319900 | SH |  | SOLE | 0 | 3276400 | 0 | 2043500 |
| Rapid7 Inc | COM | 753422104 |  | 14932 | 982397 | SH |  | SOLE | 0 | 336589 | 0 | 645808 |
| Progyny Inc | COM | 74340E103 |  | 442 | 17200 | SH |  | SOLE | 0 | 17200 | 0 | 0 |
| Pinnacle West Capital Corp | COM | 723484101 |  | 12037 | 135710 | SH |  | SOLE | 0 | 10410 | 0 | 125300 |
| PennantPark Investment Corp | COM | 708062104 |  | 9381 | 1574060 | SH |  | SOLE | 0 | 854560 | 0 | 719500 |
| Ovintiv Inc | COM | 69047Q102 |  | 8863 | 226149 | SH |  | SOLE | 0 | 187949 | 0 | 38200 |
| Old Republic International Corp | COM | 680223104 |  | 124267 | 2722762 | SH |  | SOLE | 0 | 1412901 | 0 | 1309861 |
| Northeast Community Bancorp Inc | COM | 664121100 |  | 6472 | 286230 | SH |  | SOLE | 0 | 179892 | 0 | 106338 |
| National Fuel Gas Co | COM | 636180101 |  | 144048 | 1799250 | SH |  | SOLE | 0 | 1126850 | 0 | 672400 |
| Mistras Group Inc | COM | 60649T107 |  | 645 | 51001 | SH |  | SOLE | 0 | 31501 | 0 | 19500 |
| Meritage Homes Corp | COM | 59001A102 |  | 23810 | 361857 | SH |  | SOLE | 0 | 100557 | 0 | 261300 |
| Manitowoc Co Inc/The | COM | 563571405 |  | 619 | 51637 | SH |  | SOLE | 0 | 40137 | 0 | 11500 |
| Lifetime Brands Inc | COM | 53222Q103 |  | 295 | 74600 | SH |  | SOLE | 0 | 56600 | 0 | 18000 |
| Kite Realty Group Trust | COM | 49803T300 |  | 22628 | 944000 | SH |  | SOLE | 0 | 536100 | 0 | 407900 |
| JD.com Inc | COM | 47215P106 |  | 146 | 5100 | SH |  | SOLE | 0 | 5100 | 0 | 0 |
| Interface Inc | COM | 458665304 |  | 23554 | 843629 | SH |  | SOLE | 0 | 422529 | 0 | 421100 |
| Huntington Ingalls Industries Inc | COM | 446413106 |  | 153693 | 451944 | SH |  | SOLE | 0 | 344994 | 0 | 106950 |
| Hello Group Inc | COM | 423403104 |  | 23357 | 3565971 | SH |  | SOLE | 0 | 2545755 | 0 | 1020216 |
| HAMILTON BEACH BRANDS HOLD-B | COM | 40701T203 |  | 20 | 1196 | SH |  | SOLE | 0 | 0 | 0 | 1196 |
| Goodyear Tire  Rubber Co/The | COM | 382550101 |  | 42384 | 4838364 | SH |  | SOLE | 0 | 2741713 | 0 | 2096651 |
| Genesco Inc | COM | 371532102 |  | 602 | 24300 | SH |  | SOLE | 0 | 17700 | 0 | 6600 |
| Fox Corp | COM | 35137L105 |  | 481567 | 6590489 | SH |  | SOLE | 0 | 4176276 | 0 | 2414213 |
| First Busey Corp | COM | 319383204 |  | 32941 | 1384661 | SH |  | SOLE | 0 | 788561 | 0 | 596100 |
| EVERTEC Inc | COM | 30040P103 |  | 317 | 10900 | SH |  | SOLE | 0 | 0 | 0 | 10900 |
| EnerSys | COM | 29275Y102 |  | 82516 | 562293 | SH |  | SOLE | 0 | 409413 | 0 | 152880 |
| East West Bancorp Inc | COM | 27579R104 |  | 32400 | 288280 | SH |  | SOLE | 0 | 152400 | 0 | 135880 |
| Digi International Inc | COM | 253798102 |  | 182 | 4200 | SH |  | SOLE | 0 | 4200 | 0 | 0 |
| CTO Realty Growth Inc | COM | 22948Q101 |  | 7874 | 427702 | SH |  | SOLE | 0 | 268772 | 0 | 158930 |
| Constellium SE | COM | F21107101 |  | 4690 | 248800 | SH |  | SOLE | 0 | 149300 | 0 | 99500 |
| Coca-Cola Femsa SAB de CV | COM | 191241108 |  | 1875 | 19800 | SH |  | SOLE | 0 | 19800 | 0 | 0 |
| Cinemark Holdings Inc | COM | 17243V102 |  | 249 | 10700 | SH |  | SOLE | 0 | 10700 | 0 | 0 |
| CBL  Associates Properties Inc | COM | 124830878 |  | 2523 | 68200 | SH |  | SOLE | 0 | 62100 | 0 | 6100 |
| Campbell's Company/The | COM | 134429109 |  | 105248 | 3776404 | SH |  | SOLE | 0 | 2369400 | 0 | 1407004 |
| Buckle Inc/The | COM | 118440106 |  | 294 | 5500 | SH |  | SOLE | 0 | 5500 | 0 | 0 |
| Blue Owl Capital Corp | COM | 69121K104 |  | 34443 | 2770947 | SH |  | SOLE | 0 | 1960647 | 0 | 810300 |
| Bath  Body Works Inc | COM | 070830104 |  | 3084 | 153566 | SH |  | SOLE | 0 | 32566 | 0 | 121000 |
| Axcelis Technologies Inc | COM | 054540208 |  | 34506 | 429500 | SH |  | SOLE | 0 | 228200 | 0 | 201300 |
| Ares Capital Corp | COM | 04010L103 |  | 11007 | 544100 | SH |  | SOLE | 0 | 455900 | 0 | 88200 |
| Amphastar Pharmaceuticals Inc | COM | 03209R103 |  | 2954 | 110300 | SH |  | SOLE | 0 | 84300 | 0 | 26000 |
| Alpine Income Property Trust Inc | COM | 02083X103 |  | 747 | 44700 | SH |  | SOLE | 0 | 31900 | 0 | 12800 |
| Adtalem Global Education Inc | COM | 00737L103 |  | 49668 | 480020 | SH |  | SOLE | 0 | 298300 | 0 | 181720 |
| Zions Bancorp NA | COM | 989701107 |  | 227607 | 3888064 | SH |  | SOLE | 0 | 2648813 | 0 | 1239251 |
| Willis Lease Finance Corp | COM | 970646105 |  | 1462 | 10780 | SH |  | SOLE | 0 | 10780 | 0 | 0 |
| Visteon Corp | COM | 92839U206 |  | 16804 | 176700 | SH |  | SOLE | 0 | 100700 | 0 | 76000 |
| USANA Health Sciences Inc | COM | 90328M107 |  | 149 | 7600 | SH |  | SOLE | 0 | 7600 | 0 | 0 |
| United Fire Group Inc | COM | 910340108 |  | 3453 | 95000 | SH |  | SOLE | 0 | 85100 | 0 | 9900 |
| Travelers Cos Inc/The | COM | 89417E109 |  | 551 | 1900 | SH |  | SOLE | 0 | 1900 | 0 | 0 |
| Tennant Co | COM | 880345103 |  | 1496 | 20300 | SH |  | SOLE | 0 | 20300 | 0 | 0 |
| Synchrony Financial | COM | 87165B103 |  | 188696 | 2261729 | SH |  | SOLE | 0 | 1391454 | 0 | 870275 |
| Spectrum Brands Holdings Inc | COM | 84790A105 |  | 35624 | 602980 | SH |  | SOLE | 0 | 373533 | 0 | 229447 |
| Signet Jewelers Ltd | COM | G81276100 |  | 89332 | 1077851 | SH |  | SOLE | 0 | 674049 | 0 | 403802 |
| Sanmina Corp | COM | 801056102 |  | 19044 | 126900 | SH |  | SOLE | 0 | 77400 | 0 | 49500 |
| Riley Exploration Permian Inc | COM | 76665T102 |  | 1539 | 58300 | SH |  | SOLE | 0 | 17800 | 0 | 40500 |
| QuidelOrtho Corp | COM | 219798105 |  | 263 | 9200 | SH |  | SOLE | 0 | 9200 | 0 | 0 |
| Procter  Gamble Co/The | COM | 742718109 |  | 1003 | 7000 | SH |  | SOLE | 0 | 7000 | 0 | 0 |
| Photronics Inc | COM | 719405102 |  | 92271 | 2883463 | SH |  | SOLE | 0 | 1716828 | 0 | 1166635 |
| Peabody Energy Corp | COM | 704551100 |  | 16463 | 554300 | SH |  | SOLE | 0 | 415700 | 0 | 138600 |
| Oshkosh Corp | COM | 688239201 |  | 240427 | 1913769 | SH |  | SOLE | 0 | 1243719 | 0 | 670050 |
| OFG Bancorp | COM | 67103X102 |  | 53701 | 1310424 | SH |  | SOLE | 0 | 815424 | 0 | 495000 |
| Nexstar Media Group Inc | COM | 65336K103 |  | 218675 | 1076953 | SH |  | SOLE | 0 | 693215 | 0 | 383738 |
| Murphy Oil Corp | COM | 626717102 |  | 80431 | 2573799 | SH |  | SOLE | 0 | 1835457 | 0 | 738342 |
| Millrose Properties Inc | COM | 601137102 |  | 7231 | 242083 | SH |  | SOLE | 0 | 194152 | 0 | 47931 |
| Merck  Co Inc | COM | 58933Y105 |  | 544661 | 5174433 | SH |  | SOLE | 0 | 3183573 | 0 | 1990860 |
| M/I Homes Inc | COM | 55305B101 |  | 1945 | 15200 | SH |  | SOLE | 0 | 8300 | 0 | 6900 |
| Lear Corp | COM | 521865204 |  | 81795 | 713741 | SH |  | SOLE | 0 | 400283 | 0 | 313458 |
| Kewaunee Scientific Corp | COM | 492854104 |  | 86 | 2300 | SH |  | SOLE | 0 | 2300 | 0 | 0 |
| Janus International Group Inc | COM | 47103N106 |  | 4008 | 612900 | SH |  | SOLE | 0 | 291500 | 0 | 321400 |
| Inspired Entertainment Inc | COM | 45782N108 |  | 93 | 9973 | SH |  | SOLE | 0 | 6873 | 0 | 3100 |
| HQ Sustainable Maritime Industries Inc | COM | 40426A208 |  | 0 | 2100 | SH |  | SOLE | 0 | 2100 | 0 | 0 |
| Healthcare Services Group Inc | COM | 421906108 |  | 122 | 6400 | SH |  | SOLE | 0 | 6400 | 0 | 0 |
| Hackett Group Inc/The | COM | 404609109 |  | 1598 | 81400 | SH |  | SOLE | 0 | 14300 | 0 | 67100 |
| Goldman Sachs Group Inc/The | COM | 38141G104 |  | 286617 | 326072 | SH |  | SOLE | 0 | 199809 | 0 | 126263 |
| General Dynamics Corp | COM | 369550108 |  | 28976 | 86070 | SH |  | SOLE | 0 | 65770 | 0 | 20300 |
| FONAR Corp | COM | 344437405 |  | 35 | 1891 | SH |  | SOLE | 0 | 1891 | 0 | 0 |
| Financial Institutions Inc | COM | 317585404 |  | 5221 | 167500 | SH |  | SOLE | 0 | 71000 | 0 | 96500 |
| Everest Group Ltd | COM | G3223R108 |  | 130762 | 385330 | SH |  | SOLE | 0 | 256600 | 0 | 128730 |
| Enact Holdings Inc | COM | 29249E109 |  | 40697 | 1026664 | SH |  | SOLE | 0 | 617864 | 0 | 408800 |
| Dropbox Inc | COM | 26210C104 |  | 326251 | 11735641 | SH |  | SOLE | 0 | 7081611 | 0 | 4654030 |
| DiamondRock Hospitality Co | COM | 252784301 |  | 5576 | 622325 | SH |  | SOLE | 0 | 443725 | 0 | 178600 |
| Crown Crafts Inc | COM | 228309100 |  | 131 | 47286 | SH |  | SOLE | 0 | 34364 | 0 | 12922 |
| ConocoPhillips | COM | 20825C104 |  | 89746 | 958727 | SH |  | SOLE | 0 | 797073 | 0 | 161654 |
| CNH Industrial NV | COM | N20944109 |  | 118752 | 12879811 | SH |  | SOLE | 0 | 9322511 | 0 | 3557300 |
| Chubb Ltd | COM | H1467J104 |  | 19320 | 61900 | SH |  | SOLE | 0 | 61900 | 0 | 0 |
| Catalyst Pharmaceuticals Inc | COM | 14888U101 |  | 12601 | 539900 | SH |  | SOLE | 0 | 294500 | 0 | 245400 |
| Callaway Golf Co | COM | 131193104 |  | 116 | 9900 | SH |  | SOLE | 0 | 9900 | 0 | 0 |
| Broadcom Inc | COM | 11135F101 |  | 5419 | 15657 | SH |  | SOLE | 0 | 15657 | 0 | 0 |
| Block Inc | COM | 852234103 |  | 72 | 1100 | SH |  | SOLE | 0 | 1100 | 0 | 0 |
| Bar Harbor Bankshares | COM | 066849100 |  | 3398 | 109450 | SH |  | SOLE | 0 | 104750 | 0 | 4700 |
| Aviat Networks Inc | COM | 05366Y201 |  | 2650 | 123925 | SH |  | SOLE | 0 | 48100 | 0 | 75825 |
| Archer-Daniels-Midland Co | COM | 039483102 |  | 116185 | 2020967 | SH |  | SOLE | 0 | 1079969 | 0 | 940998 |
| Amgen Inc | COM | 031162100 |  | 109790 | 335430 | SH |  | SOLE | 0 | 205430 | 0 | 130000 |
| Ally Financial Inc | COM | 02005N100 |  | 88679 | 1958035 | SH |  | SOLE | 0 | 1517455 | 0 | 440580 |
| Adeia Inc | COM | 00676P107 |  | 48129 | 2790114 | SH |  | SOLE | 0 | 1736986 | 0 | 1053128 |
| Zebra Technologies Corp | COM | 989207105 |  | 146 | 600 | SH |  | SOLE | 0 | 600 | 0 | 0 |
| Weyco Group Inc | COM | 962149100 |  | 92 | 3000 | SH |  | SOLE | 0 | 0 | 0 | 3000 |
| Virco Mfg. Corp | COM | 927651109 |  | 1161 | 181700 | SH |  | SOLE | 0 | 166500 | 0 | 15200 |
| Upwork Inc | COM | 91688F104 |  | 129569 | 6537275 | SH |  | SOLE | 0 | 4546011 | 0 | 1991264 |
| Ultralife Corp | COM | 903899102 |  | 369 | 64500 | SH |  | SOLE | 0 | 40000 | 0 | 24500 |
| Toyota Motor Corp | COM | 892331307 |  | 2823 | 13190 | SH |  | SOLE | 0 | 2070 | 0 | 11120 |
| Telefonaktiebolaget LM Ericsson | COM | 294821608 |  | 378 | 39200 | SH |  | SOLE | 0 | 39200 | 0 | 0 |
| Sylvamo Corp | COM | 871332102 |  | 77596 | 1611540 | SH |  | SOLE | 0 | 997637 | 0 | 613903 |
| Solventum Corp | COM | 83444M101 |  | 521 | 6575 | SH |  | SOLE | 0 | 2475 | 0 | 4100 |
| Shutterstock Inc | COM | 825690100 |  | 30542 | 1599036 | SH |  | SOLE | 0 | 832525 | 0 | 766511 |
| Sally Beauty Holdings Inc | COM | 79546E104 |  | 54091 | 3793195 | SH |  | SOLE | 0 | 1729532 | 0 | 2063663 |
| REV Group Inc | COM | 749527107 |  | 15947 | 262238 | SH |  | SOLE | 0 | 123240 | 0 | 138998 |
| QUALCOMM Inc | COM | 747525103 |  | 592136 | 3461770 | SH |  | SOLE | 0 | 2126930 | 0 | 1334840 |
| PrimeEnergy Resources Corp | COM | 74158E104 |  | 291 | 1700 | SH |  | SOLE | 0 | 1700 | 0 | 0 |
| Philip Morris International Inc | COM | 718172109 |  | 513 | 3200 | SH |  | SOLE | 0 | 3200 | 0 | 0 |
| Patterson-UTI Energy Inc | COM | 703481101 |  | 3529 | 577658 | SH |  | SOLE | 0 | 272100 | 0 | 305558 |
| Oracle Corp | COM | 68389X105 |  | 3852 | 19764 | SH |  | SOLE | 0 | 19764 | 0 | 0 |
| Oak Valley Bancorp | COM | 671807105 |  | 217 | 7224 | SH |  | SOLE | 0 | 4224 | 0 | 3000 |
| NewMarket Corp | COM | 651587107 |  | 184073 | 267836 | SH |  | SOLE | 0 | 145779 | 0 | 122057 |
| MSC Industrial Direct Co Inc | COM | 553530106 |  | 1371 | 16300 | SH |  | SOLE | 0 | 16300 | 0 | 0 |
| Midland States Bancorp Inc | COM | 597742105 |  | 6268 | 296089 | SH |  | SOLE | 0 | 160710 | 0 | 135379 |
| Medallion Financial Corp | COM | 583928106 |  | 572 | 55600 | SH |  | SOLE | 0 | 42400 | 0 | 13200 |
| Lyft Inc | COM | 55087P104 |  | 453 | 23400 | SH |  | SOLE | 0 | 23400 | 0 | 0 |
| Ladder Capital Corp | COM | 505743104 |  | 6074 | 552700 | SH |  | SOLE | 0 | 151500 | 0 | 401200 |
| Kelly Services Inc | COM | 488152208 |  | 4654 | 528829 | SH |  | SOLE | 0 | 241900 | 0 | 286929 |
| Jack in the Box Inc | COM | 466367109 |  | 13540 | 714536 | SH |  | SOLE | 0 | 380292 | 0 | 334244 |
| Inmode Ltd | COM | M5425M103 |  | 2312 | 157409 | SH |  | SOLE | 0 | 47300 | 0 | 110109 |
| Horizon Bancorp Inc/IN | COM | 440407104 |  | 6805 | 401259 | SH |  | SOLE | 0 | 207959 | 0 | 193300 |
| HBT Financial Inc | COM | 404111106 |  | 4399 | 170178 | SH |  | SOLE | 0 | 128378 | 0 | 41800 |
| Guess  Inc | COM | 401617105 |  | 0 | 10 | SH |  | SOLE | 0 | 10 | 0 | 0 |
| Globe Life Inc | COM | 37959E102 |  | 8310 | 59415 | SH |  | SOLE | 0 | 46915 | 0 | 12500 |
| Garrett Motion Inc | COM | 366505105 |  | 108683 | 6235408 | SH |  | SOLE | 0 | 3773808 | 0 | 2461600 |
| Flex Ltd | COM | Y2573F102 |  | 226174 | 3743369 | SH |  | SOLE | 0 | 2427681 | 0 | 1315688 |
| Ferguson Enterprises Inc | COM | 31488V107 |  | 134 | 600 | SH |  | SOLE | 0 | 600 | 0 | 0 |
| Etsy Inc | COM | 29786A106 |  | 72 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| EMCOR Group Inc | COM | 29084Q100 |  | 184 | 300 | SH |  | SOLE | 0 | 300 | 0 | 0 |
| DoubleVerify Holdings Inc | COM | 25862V105 |  | 200 | 17500 | SH |  | SOLE | 0 | 17500 | 0 | 0 |
| Deluxe Corp | COM | 248019101 |  | 43117 | 1930885 | SH |  | SOLE | 0 | 1281085 | 0 | 649800 |
| Credicorp Ltd | COM | G2519Y108 |  | 24500 | 85366 | SH |  | SOLE | 0 | 46966 | 0 | 38400 |
| Conagra Brands Inc | COM | 205887102 |  | 100898 | 5828865 | SH |  | SOLE | 0 | 3476008 | 0 | 2352857 |
| Clear Secure Inc | COM | 18467V109 |  | 488 | 13900 | SH |  | SOLE | 0 | 13900 | 0 | 0 |
| ChipMOS Technologies Inc | COM | 16965P202 |  | 166 | 5600 | SH |  | SOLE | 0 | 5600 | 0 | 0 |
| Carriage Services Inc | COM | 143905107 |  | 23960 | 566427 | SH |  | SOLE | 0 | 284000 | 0 | 282427 |
| Calavo Growers Inc | COM | 128246105 |  | 1597 | 73425 | SH |  | SOLE | 0 | 16305 | 0 | 57120 |
| Brinker International Inc | COM | 109641100 |  | 732 | 5100 | SH |  | SOLE | 0 | 0 | 0 | 5100 |
| BioMarin Pharmaceutical Inc | COM | 09061G101 |  | 52429 | 882200 | SH |  | SOLE | 0 | 696000 | 0 | 186200 |
| Bank OZK | COM | 06417N103 |  | 21583 | 469000 | SH |  | SOLE | 0 | 424400 | 0 | 44600 |
| Autoliv Inc | COM | 052800109 |  | 199607 | 1681609 | SH |  | SOLE | 0 | 1027225 | 0 | 654384 |
| Aptiv PLC | COM | G3265R107 |  | 4443 | 58390 | SH |  | SOLE | 0 | 58390 | 0 | 0 |
| American International Group Inc | COM | 026874784 |  | 341419 | 3990872 | SH |  | SOLE | 0 | 2722229 | 0 | 1268643 |
| Alkermes PLC | COM | G01767105 |  | 853 | 30500 | SH |  | SOLE | 0 | 14800 | 0 | 15700 |
| ACCO Brands Corp | COM | 00081T108 |  | 11008 | 2951100 | SH |  | SOLE | 0 | 1912100 | 0 | 1039000 |
| Yelp Inc | COM | 985817105 |  | 81513 | 2682238 | SH |  | SOLE | 0 | 1332938 | 0 | 1349300 |
| WESCO International Inc | COM | 95082P105 |  | 24611 | 100600 | SH |  | SOLE | 0 | 41200 | 0 | 59400 |
| Victory Capital Holdings Inc | COM | 92645B103 |  | 51778 | 820700 | SH |  | SOLE | 0 | 591900 | 0 | 228800 |
| Univest Financial Corp | COM | 915271100 |  | 488 | 14900 | SH |  | SOLE | 0 | 10700 | 0 | 4200 |
| UGI Corp | COM | 902681105 |  | 216177 | 5775509 | SH |  | SOLE | 0 | 3884240 | 0 | 1891269 |
| Toro Co/The | COM | 891092108 |  | 1078 | 13700 | SH |  | SOLE | 0 | 13700 | 0 | 0 |
| Teekay Corp Ltd | COM | G8726T105 |  | 1200 | 132936 | SH |  | SOLE | 0 | 118036 | 0 | 14900 |
| SunCoke Energy Inc | COM | 86722A103 |  | 24214 | 3363083 | SH |  | SOLE | 0 | 2003583 | 0 | 1359500 |
| Snap-on Inc | COM | 833034101 |  | 91469 | 265434 | SH |  | SOLE | 0 | 190614 | 0 | 74820 |
| Shoals Technologies Group Inc | COM | 82489W107 |  | 485 | 57100 | SH |  | SOLE | 0 | 57100 | 0 | 0 |
| Sabra Health Care REIT Inc | COM | 78573L106 |  | 61934 | 3270015 | SH |  | SOLE | 0 | 2108604 | 0 | 1161411 |
| Reinsurance Group of America Inc | COM | 759351604 |  | 32790 | 161160 | SH |  | SOLE | 0 | 122460 | 0 | 38700 |
| PVH Corp | COM | 693656100 |  | 142595 | 2127646 | SH |  | SOLE | 0 | 1453770 | 0 | 673876 |
| Preferred Bank/Los Angeles CA | COM | 740367404 |  | 406 | 4300 | SH |  | SOLE | 0 | 4300 | 0 | 0 |
| Petroleo Brasileiro SA - Petrobras | COM | 71654V408 |  | 261 | 22000 | SH |  | SOLE | 0 | 22000 | 0 | 0 |
| Park Hotels  Resorts Inc | COM | 700517105 |  | 8587 | 820900 | SH |  | SOLE | 0 | 395800 | 0 | 425100 |
| OP Bancorp | COM | 67109R109 |  | 997 | 70600 | SH |  | SOLE | 0 | 57400 | 0 | 13200 |
| NVIDIA Corp | COM | 67066G104 |  | 32638 | 175004 | SH |  | SOLE | 0 | 175004 | 0 | 0 |
| New Mountain Finance Corp | COM | 647551100 |  | 27508 | 2986718 | SH |  | SOLE | 0 | 1536818 | 0 | 1449900 |
| Mosaic Co/The | COM | 61945C103 |  | 38491 | 1597790 | SH |  | SOLE | 0 | 1015690 | 0 | 582100 |
| Microsoft Corp | COM | 594918104 |  | 20934 | 43287 | SH |  | SOLE | 0 | 43287 | 0 | 0 |
| Mattel Inc | COM | 577081102 |  | 121548 | 6126432 | SH |  | SOLE | 0 | 3798710 | 0 | 2327722 |
| Lowe's Cos Inc | COM | 548661107 |  | 265 | 1100 | SH |  | SOLE | 0 | 1100 | 0 | 0 |
| KT Corp | COM | 48268K101 |  | 1702 | 89700 | SH |  | SOLE | 0 | 89700 | 0 | 0 |
| Kaspi.KZ JSC | COM | 48581R205 |  | 586 | 7500 | SH |  | SOLE | 0 | 7500 | 0 | 0 |
| Ituran Location and Control Ltd | COM | M6158M104 |  | 4698 | 109238 | SH |  | SOLE | 0 | 109238 | 0 | 0 |
| Information Services Group Inc | COM | 45675Y104 |  | 2728 | 472000 | SH |  | SOLE | 0 | 188700 | 0 | 283300 |
| Home Bancorp Inc | COM | 43689E107 |  | 1990 | 34425 | SH |  | SOLE | 0 | 24620 | 0 | 9805 |
| Harte Hanks Inc | COM | 416196202 |  | 38 | 12700 | SH |  | SOLE | 0 | 12700 | 0 | 0 |
| Grocery Outlet Holding Corp | COM | 39874R101 |  | 214 | 21200 | SH |  | SOLE | 0 | 21200 | 0 | 0 |
| Global Net Lease Inc | COM | 379378201 |  | 1169 | 135916 | SH |  | SOLE | 0 | 107713 | 0 | 28203 |
| G-III Apparel Group Ltd | COM | 36237H101 |  | 35837 | 1237469 | SH |  | SOLE | 0 | 676609 | 0 | 560860 |
| First United Corp | COM | 33741H107 |  | 786 | 21000 | SH |  | SOLE | 0 | 17100 | 0 | 3900 |
| Farmers National Banc Corp | COM | 309627107 |  | 4891 | 367217 | SH |  | SOLE | 0 | 256551 | 0 | 110666 |
| Equitable Holdings Inc | COM | 29452E101 |  | 10593 | 222300 | SH |  | SOLE | 0 | 179700 | 0 | 42600 |
| Electronic Arts Inc | COM | 285512109 |  | 6366 | 31155 | SH |  | SOLE | 0 | 31055 | 0 | 100 |
| Dollar General Corp | COM | 256677105 |  | 108088 | 814100 | SH |  | SOLE | 0 | 603800 | 0 | 210300 |
| Deere  Co | COM | 244199105 |  | 326 | 700 | SH |  | SOLE | 0 | 700 | 0 | 0 |
| Cousins Properties Inc | COM | 222795502 |  | 29095 | 1128604 | SH |  | SOLE | 0 | 965460 | 0 | 163144 |
| Commercial Metals Co | COM | 201723103 |  | 23535 | 340000 | SH |  | SOLE | 0 | 211500 | 0 | 128500 |
| Civista Bancshares Inc | COM | 178867107 |  | 3278 | 147526 | SH |  | SOLE | 0 | 96426 | 0 | 51100 |
| Check Point Software Technologies Ltd | COM | M22465104 |  | 1373 | 7400 | SH |  | SOLE | 0 | 7400 | 0 | 0 |
| Cargurus Inc | COM | 141788109 |  | 2769 | 72200 | SH |  | SOLE | 0 | 72200 | 0 | 0 |
| C Financial Corp | COM | 12466Q104 |  | 2604 | 35867 | SH |  | SOLE | 0 | 25367 | 0 | 10500 |
| Bread Financial Holdings Inc | COM | 018581108 |  | 22721 | 306911 | SH |  | SOLE | 0 | 113100 | 0 | 193811 |
| BHP Group Ltd | COM | 088606108 |  | 3960 | 65595 | SH |  | SOLE | 0 | 65595 | 0 | 0 |
| Bank of New York Mellon Corp/The | COM | 064058100 |  | 573793 | 4942656 | SH |  | SOLE | 0 | 3118008 | 0 | 1824648 |
| AT Inc | COM | 00206R102 |  | 556625 | 22408426 | SH |  | SOLE | 0 | 13757762 | 0 | 8650664 |
| Apple Hospitality REIT Inc | COM | 03784Y200 |  | 30985 | 2614753 | SH |  | SOLE | 0 | 1489053 | 0 | 1125700 |
| American Axle  Manufacturing Holdings Inc | COM | 024061103 |  | 1238 | 193100 | SH |  | SOLE | 0 | 193100 | 0 | 0 |
| Alaska Air Group Inc | COM | 011659109 |  | 16695 | 331899 | SH |  | SOLE | 0 | 140700 | 0 | 191199 |
| Acadian Asset Management Inc | COM | 10948W103 |  | 3868 | 82300 | SH |  | SOLE | 0 | 82300 | 0 | 0 |
| Xerox Holdings Corp | COM | 98421M106 |  | 2998 | 1264988 | SH |  | SOLE | 0 | 769775 | 0 | 495213 |
| Wells Fargo  Co | COM | 949746101 |  | 586406 | 6291908 | SH |  | SOLE | 0 | 4354448 | 0 | 1937460 |
| Verizon Communications Inc | COM | 92343V104 |  | 491405 | 12064949 | SH |  | SOLE | 0 | 7085137 | 0 | 4979812 |
| Universal Health Realty Income Trust | COM | 91359E105 |  | 274 | 7000 | SH |  | SOLE | 0 | 0 | 0 | 7000 |
| Turtle Beach Corp | COM | 900450206 |  | 2261 | 161160 | SH |  | SOLE | 0 | 105160 | 0 | 56000 |
| Timken Co/The | COM | 887389104 |  | 9978 | 118600 | SH |  | SOLE | 0 | 21300 | 0 | 97300 |
| Taylor Morrison Home Corp | COM | 87724P106 |  | 1825 | 31000 | SH |  | SOLE | 0 | 21200 | 0 | 9800 |
| Strawberry Fields REIT Inc | COM | 863182101 |  | 292 | 22300 | SH |  | SOLE | 0 | 22300 | 0 | 0 |
| SLB Ltd | COM | 806857108 |  | 645 | 16800 | SH |  | SOLE | 0 | 4300 | 0 | 12500 |
| Service Properties Trust | COM | 81761L102 |  | 4002 | 2174974 | SH |  | SOLE | 0 | 1461374 | 0 | 713600 |
| Ryder System Inc | COM | 783549108 |  | 252513 | 1319363 | SH |  | SOLE | 0 | 869817 | 0 | 449546 |
| Regeneron Pharmaceuticals Inc | COM | 75886F107 |  | 128527 | 166514 | SH |  | SOLE | 0 | 102534 | 0 | 63980 |
| PTC Therapeutics Inc | COM | 69366J200 |  | 205 | 2700 | SH |  | SOLE | 0 | 2700 | 0 | 0 |
| Popular Inc | COM | 733174700 |  | 129966 | 1043733 | SH |  | SOLE | 0 | 601933 | 0 | 441800 |
| Perdoceo Education Corp | COM | 71363P106 |  | 49389 | 1683894 | SH |  | SOLE | 0 | 953413 | 0 | 730481 |
| Pagseguro Digital Ltd | COM | G68707101 |  | 181 | 18800 | SH |  | SOLE | 0 | 18800 | 0 | 0 |
| OneMain Holdings Inc | COM | 68268W103 |  | 5390 | 79800 | SH |  | SOLE | 0 | 73000 | 0 | 6800 |
| NOV Inc | COM | 62955J103 |  | 36635 | 2343910 | SH |  | SOLE | 0 | 1141410 | 0 | 1202500 |
| NetApp Inc | COM | 64110D104 |  | 58385 | 545194 | SH |  | SOLE | 0 | 326048 | 0 | 219146 |
| Mohawk Industries Inc | COM | 608190104 |  | 12799 | 117100 | SH |  | SOLE | 0 | 77600 | 0 | 39500 |
| MGIC Investment Corp | COM | 552848103 |  | 292905 | 10024127 | SH |  | SOLE | 0 | 6391060 | 0 | 3633067 |
| Matador Resources Co | COM | 576485205 |  | 163055 | 3842011 | SH |  | SOLE | 0 | 2510872 | 0 | 1331139 |
| LKQ Corp | COM | 501889208 |  | 2470 | 81800 | SH |  | SOLE | 0 | 81800 | 0 | 0 |
| Korn Ferry | COM | 500643200 |  | 5121 | 77561 | SH |  | SOLE | 0 | 33861 | 0 | 43700 |
| JOYY Inc | COM | 46591M109 |  | 36137 | 558011 | SH |  | SOLE | 0 | 370969 | 0 | 187042 |
| Investar Holding Corp | COM | 46134L105 |  | 326 | 12200 | SH |  | SOLE | 0 | 5800 | 0 | 6400 |
| Independent Bank Corp/MI | COM | 453838609 |  | 13272 | 407993 | SH |  | SOLE | 0 | 302593 | 0 | 105400 |
| Hewlett Packard Enterprise Co | COM | 42824C109 |  | 285574 | 11888992 | SH |  | SOLE | 0 | 7253056 | 0 | 4635936 |
| Harley-Davidson Inc | COM | 412822108 |  | 104309 | 5090712 | SH |  | SOLE | 0 | 3386071 | 0 | 1704641 |
| Greenbrier Cos Inc/The | COM | 393657101 |  | 36911 | 789711 | SH |  | SOLE | 0 | 418121 | 0 | 371590 |
| Gilead Sciences Inc | COM | 375558103 |  | 508914 | 4146280 | SH |  | SOLE | 0 | 2555113 | 0 | 1591167 |
| FS Bancorp Inc | COM | 30263Y104 |  | 770 | 18700 | SH |  | SOLE | 0 | 15600 | 0 | 3100 |
| First Horizon Corp | COM | 320517105 |  | 290855 | 12169682 | SH |  | SOLE | 0 | 7954238 | 0 | 4215444 |
| Exxon Mobil Corp | COM | 30231G102 |  | 251621 | 2090919 | SH |  | SOLE | 0 | 1499359 | 0 | 591560 |
| EOG Resources Inc | COM | 26875P101 |  | 71045 | 676550 | SH |  | SOLE | 0 | 535220 | 0 | 141330 |
| Edgewell Personal Care Co | COM | 28035Q102 |  | 22907 | 1343498 | SH |  | SOLE | 0 | 995654 | 0 | 347844 |
| DNOW Inc | COM | 67011P100 |  | 7039 | 531260 | SH |  | SOLE | 0 | 182160 | 0 | 349100 |
| Daktronics Inc | COM | 234264109 |  | 735 | 37200 | SH |  | SOLE | 0 | 32800 | 0 | 4400 |
| Corinthian Colleges Inc | COM | 218868107 |  | 0 | 10100 | SH |  | SOLE | 0 | 10100 | 0 | 0 |
| Columbus McKinnon Corp/NY | COM | 199333105 |  | 1859 | 107746 | SH |  | SOLE | 0 | 93146 | 0 | 14600 |
| Citizens Financial Group Inc | COM | 174610105 |  | 362340 | 6203383 | SH |  | SOLE | 0 | 4294660 | 0 | 1908723 |
| CF Industries Holdings Inc | COM | 125269100 |  | 101829 | 1316639 | SH |  | SOLE | 0 | 886709 | 0 | 429930 |
| Capital One Financial Corp | COM | 14040H105 |  | 3349 | 13818 | SH |  | SOLE | 0 | 13818 | 0 | 0 |
| Business First Bancshares Inc | COM | 12326C105 |  | 504 | 19270 | SH |  | SOLE | 0 | 0 | 0 | 19270 |
| Boyd Gaming Corp | COM | 103304101 |  | 29993 | 351870 | SH |  | SOLE | 0 | 159400 | 0 | 192470 |
| Belden Inc | COM | 077454106 |  | 5553 | 47643 | SH |  | SOLE | 0 | 26710 | 0 | 20933 |
| Banco do Brasil SA | COM | 059578104 |  | 320 | 80800 | SH |  | SOLE | 0 | 80800 | 0 | 0 |
| Asbury Automotive Group Inc | COM | 043436104 |  | 767 | 3300 | SH |  | SOLE | 0 | 3300 | 0 | 0 |
| Annaly Capital Management Inc | COM | 035710839 |  | 67705 | 3027942 | SH |  | SOLE | 0 | 2476123 | 0 | 551819 |
| Amdocs Ltd | COM | G02602103 |  | 296159 | 3678532 | SH |  | SOLE | 0 | 2109243 | 0 | 1569289 |
| AGCO Corp | COM | 001084102 |  | 221807 | 2126213 | SH |  | SOLE | 0 | 1423816 | 0 | 702397 |
| Academy Sports  Outdoors Inc | COM | 00402L107 |  | 152820 | 3058855 | SH |  | SOLE | 0 | 1926955 | 0 | 1131900 |

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