# EDGAR Filing Document

**Accession Number:** 0001863523
**File Stem:** 0001863523-26-000002
**Filing Date:** 2026-5
**Character Count:** 44426
**Document Hash:** 0f71ba5e77dd2990b3fdf784ab8594cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001863523-26-000002.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001863523-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CSM Advisors, LLC
- **CENTRAL INDEX KEY:** 0001863523

**ORGANIZATION NAME:**
- **EIN:** 843346426
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21264
- **FILM NUMBER:** 26983527

**BUSINESS ADDRESS:**
- **STREET 1:** 2000 ERICSSON DRIVE
- **STREET 2:** SUITE 100
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-6507
- **BUSINESS PHONE:** 4125661234

**MAIL ADDRESS:**
- **STREET 1:** 2000 ERICSSON DRIVE
- **STREET 2:** SUITE 100
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-6507

### FORM 13F COVER PAGE

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

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** CSM Advisors LLC<br>**Address:** 2000 ERICSSON DRIVE<br>SUITE 100<br>WARRENDALE, PA 15086-6507

**Form 13F File Number:** 028-21264

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:** Kurt Threlfall<br>**Title:** Investment Performance Manager<br>**Phone:** 412-880-5216

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

Kurt Threlfall  Warrendale, PA  05-15-2026<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:** 407

**Form 13F Information Table Value Total:** $4069709

      (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 |
| ACCO BRANDS CORP | COMMON | 00081T108 |  | 3343 | 1114526 | SH |  | SOLE |  | 462714 | 0 | 651812 |
| ABM INDS INC | COMMON | 000957100 |  | 4340 | 112654 | SH |  | SOLE |  | 86692 | 0 | 25962 |
| GOLD.COM INC | COM USD0.001 | 00181T107 |  | 3626 | 90418 | SH |  | SOLE |  | 81205 | 0 | 9213 |
| ANI PHARMACEUTICALS | COMMON | 00182C103 |  | 2176 | 28314 | SH |  | SOLE |  | 24229 | 0 | 4085 |
| AT INC | COMMON | 00206R102 |  | 1685 | 58135 | SH |  | SOLE |  | 36500 | 0 | 21635 |
| ABACUS GLOBAL MGMT | COM CL A | 00258Y104 |  | 7152 | 907465 | SH |  | SOLE |  | 384278 | 0 | 523187 |
| ABBOTT LABS | COMMON | 002824100 |  | 1443 | 14057 | SH |  | SOLE |  | 8613 | 0 | 5444 |
| ABBVIE INC | COMMON | 00287Y109 |  | 27409 | 126020 | SH |  | SOLE |  | 86845 | 0 | 39175 |
| ABERCROMBIE  FITCH | CLASS A | 002896207 |  | 332 | 3635 | SH |  | SOLE |  | 2495 | 0 | 1140 |
| ADAPTHEALTH CORP | COMMON | 00653Q102 |  | 10205 | 857512 | SH |  | SOLE |  | 770185 | 0 | 87327 |
| ADVANCE AUTO PARTS | COMMON | 00751Y106 |  | 5305 | 100576 | SH |  | SOLE |  | 90326 | 0 | 10250 |
| ADV MICRO DEVICES | COMMON | 007903107 |  | 13377 | 65758 | SH |  | SOLE |  | 21594 | 0 | 44164 |
| AFFILIATED MANAGE GR | COMMON | 008252108 |  | 950 | 3436 | SH |  | SOLE |  | 225 | 0 | 3211 |
| AGNICO EAGLE MINES | COMMON | 008474108 |  | 6089 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| ALAMO GROUP INC | COMMON | 011311107 |  | 4322 | 26199 | SH |  | SOLE |  | 22410 | 0 | 3789 |
| ALERUS FINL CORP | COMMON | 01446U103 |  | 4763 | 200935 | SH |  | SOLE |  | 83845 | 0 | 117090 |
| ALLEGIANT TRAVEL CO | COMMON | 01748X102 |  | 3716 | 45835 | SH |  | SOLE |  | 19035 | 0 | 26800 |
| ALPHABET INC | CLASS C | 02079K107 |  | 40481 | 141119 | SH |  | SOLE |  | 96009 | 0 | 45110 |
| ALPHABET INC | CLASS A | 02079K305 |  | 78973 | 274645 | SH |  | SOLE |  | 111365 | 0 | 163280 |
| ALTRIA GROUP INC | COMMON | 02209S103 |  | 33981 | 514942 | SH |  | SOLE |  | 349695 | 0 | 165247 |
| AMAZON COM INC | COMMON | 023135106 |  | 65436 | 314189 | SH |  | SOLE |  | 94287 | 0 | 219902 |
| AMERANT BANCORP INC | CLASS A COMMON STOCK | 023576101 |  | 4323 | 196095 | SH |  | SOLE |  | 81455 | 0 | 114640 |
| AMENTUM HOLDINGS INC | COMMON STOCK | 023939101 |  | 2117 | 81241 | SH |  | SOLE |  | 50782 | 0 | 30459 |
| AMERICAN ASSETS TR | COMMON | 024013104 |  | 3554 | 193026 | SH |  | SOLE |  | 76275 | 0 | 116751 |
| AMERICAN EXPRESS CO | COMMON | 025816109 |  | 454 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| AMERICAN PUBLIC EDU | COMMON | 02913V103 |  | 4860 | 85485 | SH |  | SOLE |  | 34665 | 0 | 50820 |
| CENCORA INC | COMMON | 03073E105 |  | 663 | 2109 | SH |  | SOLE |  | 2009 | 0 | 100 |
| AMERIPRISE FINANCIAL | COMMON | 03076C106 |  | 24922 | 56086 | SH |  | SOLE |  | 38533 | 0 | 17553 |
| AMERIS BANCORP | COMMON | 03076K108 |  | 9101 | 116678 | SH |  | SOLE |  | 104797 | 0 | 11881 |
| AMGEN INC | COMMON | 031162100 |  | 346 | 985 | SH |  | SOLE |  | 985 | 0 | 0 |
| AMPHENOL CORPORATION | CLASS A | 032095101 |  | 4767 | 37729 | SH |  | SOLE |  | 10449 | 0 | 27280 |
| AMPLIFY ENERGY CORP | COMMON STOCK | 03212B103 |  | 4682 | 749920 | SH |  | SOLE |  | 307015 | 0 | 442905 |
| APOGEE ENTERPRISES | COMMON | 037598109 |  | 1860 | 55452 | SH |  | SOLE |  | 49806 | 0 | 5646 |
| APPLE INC | COMMON | 037833100 |  | 122254 | 481731 | SH |  | SOLE |  | 147057 | 0 | 334674 |
| APPLE HOSPITALITY | COMMON | 03784Y200 |  | 6872 | 597035 | SH |  | SOLE |  | 536233 | 0 | 60802 |
| APPLOVIN CORPORATION | COM USD0.00003 CL A | 03831W108 |  | 3198 | 8026 | SH |  | SOLE |  | 2471 | 0 | 5555 |
| ARISTA NETWORKS IN | COM USD0.0001 | 040413205 |  | 4289 | 34918 | SH |  | SOLE |  | 9658 | 0 | 25260 |
| ARM HOLDINGS PLC | ADS | 042068205 |  | 16897 | 111709 | SH |  | SOLE |  | 30874 | 0 | 80835 |
| ATKORE INC | COM | 047649108 |  | 2134 | 36229 | SH |  | SOLE |  | 32541 | 0 | 3688 |
| AVIAT NETWORKS INC | COM USD0.01 | 05366Y201 |  | 3232 | 142955 | SH |  | SOLE |  | 59355 | 0 | 83600 |
| AVISTA CORPORATION | COMMON | 05379B107 |  | 4931 | 122797 | SH |  | SOLE |  | 110367 | 0 | 12430 |
| AVNET INC | COMMON | 053807103 |  | 8679 | 140873 | SH |  | SOLE |  | 126544 | 0 | 14329 |
| BANDWIDTH INC | COM CL A | 05988J103 |  | 7734 | 433988 | SH |  | SOLE |  | 180260 | 0 | 253728 |
| BANK OF NEW YORK MEL | COMMON | 064058100 |  | 37737 | 318117 | SH |  | SOLE |  | 224452 | 0 | 93665 |
| BANNER CORPORATION | COMMON | 06652V208 |  | 481 | 7928 | SH |  | SOLE |  | 5768 | 0 | 2160 |
| BAR HBR BANKSHARES | COMMON | 066849100 |  | 2795 | 86100 | SH |  | SOLE |  | 35695 | 0 | 50405 |
| BARRETT BUSINESS SER | COMMON | 068463108 |  | 4154 | 142415 | SH |  | SOLE |  | 59030 | 0 | 83385 |
| BEAZER HOMES USA | COMMON | 07556Q881 |  | 2551 | 132540 | SH |  | SOLE |  | 55115 | 0 | 77425 |
| BELDEN INC | COMMON | 077454106 |  | 7812 | 68053 | SH |  | SOLE |  | 61131 | 0 | 6922 |
| BENCHMARK ELECTRS | COMMON | 08160H101 |  | 6751 | 120435 | SH |  | SOLE |  | 48580 | 0 | 71855 |
| BIOGEN INC | COMMON | 09062X103 |  | 974 | 5308 | SH |  | SOLE |  | 3159 | 0 | 2149 |
| BOOKING HLDGS INC | COMMON | 09857L108 |  | 5348 | 1271 | SH |  | SOLE |  | 360 | 0 | 911 |
| BORG WARNER INC | COMMON | 099724106 |  | 220 | 4050 | SH |  | SOLE |  | 4050 | 0 | 0 |
| BOSTON SCIENTIFIC | COMMON | 101137107 |  | 3740 | 59638 | SH |  | SOLE |  | 16203 | 0 | 43435 |
| BRIDGEWATER BANCSHAR | COMMON | 108621103 |  | 3195 | 180620 | SH |  | SOLE |  | 75395 | 0 | 105225 |
| BRISTOL MYERS SQUIBB | COMMON | 110122108 |  | 299 | 4925 | SH |  | SOLE |  | 0 | 0 | 4925 |
| BROADCOM INC | COMMON | 11135F101 |  | 50136 | 161974 | SH |  | SOLE |  | 50896 | 0 | 111078 |
| BROOKFIELD CORP | CL A LIMITED VOT SHS | 11271J107 |  | 2631 | 65000 | SH |  | SOLE |  | 0 | 0 | 65000 |
| BUILD A BEAR WORKSHP | COMMON | 120076104 |  | 4072 | 108763 | SH |  | SOLE |  | 46178 | 0 | 62585 |
| CF INDUSTRIES HLDGS | COMMON | 125269100 |  | 17374 | 133809 | SH |  | SOLE |  | 93110 | 0 | 40699 |
| THE CIGNA GROUP | COMMON USD0.01 | 125523100 |  | 17829 | 66840 | SH |  | SOLE |  | 46970 | 0 | 19870 |
| CRA INTERNATIONAL | COMMON | 12618T105 |  | 4494 | 27758 | SH |  | SOLE |  | 11523 | 0 | 16235 |
| COTERRA ENERGY INC | COMMON | 127097103 |  | 666 | 18971 | SH |  | SOLE |  | 1196 | 0 | 17775 |
| CADENCE DESIGN SYS | COMMON | 127387108 |  | 4663 | 16770 | SH |  | SOLE |  | 4645 | 0 | 12125 |
| CAL MAINE FOODS INC | COMMON | 128030202 |  | 211 | 2666 | SH |  | SOLE |  | 254 | 0 | 2412 |
| CAMECO CORP | COMMON | 13321L108 |  | 4349 | 40049 | SH |  | SOLE |  | 49 | 0 | 40000 |
| CAPITAL ONE FINL CO | COMMON | 14040H105 |  | 1569 | 8595 | SH |  | SOLE |  | 5646 | 0 | 2949 |
| CAPITOL FEDERAL FN | COMMON | 14057J101 |  | 5776 | 809855 | SH |  | SOLE |  | 336035 | 0 | 473820 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 13313 | 275091 | SH |  | SOLE |  | 189815 | 0 | 85276 |
| CASS INFORMATION SYS | COMMON | 14808P109 |  | 3956 | 89845 | SH |  | SOLE |  | 37190 | 0 | 52655 |
| CATERPILLAR INC | COMMON | 149123101 |  | 50041 | 70632 | SH |  | SOLE |  | 46271 | 0 | 24361 |
| CATHAY GEN BANCORP | COMMON | 149150104 |  | 9842 | 197372 | SH |  | SOLE |  | 177395 | 0 | 19977 |
| CELESTICA INC | SUB VTG SHS | 15101Q207 |  | 216 | 767 | SH |  | SOLE |  | 767 | 0 | 0 |
| CENTRAL GARDEN | COMMON | 153527106 |  | 6620 | 180060 | SH |  | SOLE |  | 72605 | 0 | 107455 |
| CENTURY ALUM CO | COMMON | 156431108 |  | 9138 | 155684 | SH |  | SOLE |  | 139845 | 0 | 15839 |
| CHART INDS INC | COMMON | 16115Q308 |  | 275 | 1330 | SH |  | SOLE |  | 1330 | 0 | 0 |
| CHENIERE ENERGY INC | COMMON | 16411R208 |  | 5964 | 21014 | SH |  | SOLE |  | 5859 | 0 | 15155 |
| EXPAND ENERGY CORP | COMMON | 165167735 |  | 16110 | 146730 | SH |  | SOLE |  | 103060 | 0 | 43670 |
| CHEVRON CORP | COMMON | 166764100 |  | 43443 | 209973 | SH |  | SOLE |  | 146363 | 0 | 63610 |
| CISCO SYSTEMS INC | COMMON | 17275R102 |  | 52776 | 680193 | SH |  | SOLE |  | 430163 | 0 | 250030 |
| CITIGROUP INC | COMMON | 172967424 |  | 38792 | 342017 | SH |  | SOLE |  | 240277 | 0 | 101740 |
| CLEANSPARK INC | COMMON | 18452B209 |  | 3844 | 451705 | SH |  | SOLE |  | 182450 | 0 | 269255 |
| CLEAR SECURE INC. | CLASS A COMMON STOCK | 18467V109 |  | 3357 | 69339 | SH |  | SOLE |  | 57703 | 0 | 11636 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 211 | 1023 | SH |  | SOLE |  | 1023 | 0 | 0 |
| COEUR MINING INC | COMMON | 192108504 |  | 4067 | 216564 | SH |  | SOLE |  | 181732 | 0 | 34832 |
| COHERENT CORP | COMMON | 19247G107 |  | 5169 | 21712 | SH |  | SOLE |  | 6552 | 0 | 15160 |
| COHU INC | COMMON | 192576106 |  | 8394 | 274136 | SH |  | SOLE |  | 117344 | 0 | 156792 |
| CONCENTRA GRP HLDGS | COMMON STOCK | 20603L102 |  | 607 | 28299 | SH |  | SOLE |  | 19434 | 0 | 8865 |
| CONSTELLATION ENERGY | COMMON | 21037T109 |  | 5865 | 20995 | SH |  | SOLE |  | 5840 | 0 | 15155 |
| COSTCO WHSL CORP | COMMON | 22160K105 |  | 15764 | 15816 | SH |  | SOLE |  | 4701 | 0 | 11115 |
| COUSINS PPTYS INC | COMMON | 222795502 |  | 4239 | 187881 | SH |  | SOLE |  | 168736 | 0 | 19145 |
| COVENANT LOGISTICS | COMMON | 22284P105 |  | 8138 | 299721 | SH |  | SOLE |  | 129026 | 0 | 170695 |
| CROWDSTRIKE HOLDIN | COM USD0.0005 CL A | 22788C105 |  | 3459 | 8853 | SH |  | SOLE |  | 2788 | 0 | 6065 |
| CROWN HOLDINGS INC | COMMON | 228368106 |  | 880 | 8773 | SH |  | SOLE |  | 566 | 0 | 8207 |
| CUMMINS INC | COMMON | 231021106 |  | 48065 | 89330 | SH |  | SOLE |  | 61893 | 0 | 27437 |
| DAKTRONICS INC | COMMON | 234264109 |  | 6395 | 327082 | SH |  | SOLE |  | 293820 | 0 | 33262 |
| DELL TECHNOLOGIES IN | COMMON CLASS C | 24703L202 |  | 3736 | 22769 | SH |  | SOLE |  | 13406 | 0 | 9363 |
| DELTA AIR LINES | COMMON | 247361702 |  | 36253 | 545322 | SH |  | SOLE |  | 378234 | 0 | 167088 |
| DICKS SPORTING GOODS | COMMON | 253393102 |  | 241 | 1215 | SH |  | SOLE |  | 1215 | 0 | 0 |
| DIME COMMUNITY BANCS | COM USD0.01 | 25432X102 |  | 7661 | 226490 | SH |  | SOLE |  | 97460 | 0 | 129030 |
| DOLLAR GEN CORP | COMMON | 256677105 |  | 15731 | 132500 | SH |  | SOLE |  | 90950 | 0 | 41550 |
| DONEGAL GROUP INC | CLASS A | 257701201 |  | 3060 | 178080 | SH |  | SOLE |  | 73640 | 0 | 104440 |
| DOVER CORP | COMMON | 260003108 |  | 1472 | 7060 | SH |  | SOLE |  | 4415 | 0 | 2645 |
| DOW INC | COMMON STOCK | 260557103 |  | 295 | 7080 | SH |  | SOLE |  | 0 | 0 | 7080 |
| DUCOMMUN INC | COMMON | 264147109 |  | 6691 | 54834 | SH |  | SOLE |  | 22538 | 0 | 32296 |
| DUKE ENERGY CORP | COMMON | 26441C204 |  | 28653 | 218853 | SH |  | SOLE |  | 153758 | 0 | 65095 |
| DUNHAM FDS | INTL STK FD N | 265458786 |  | 1479 | 63593 | SH |  | SOLE |  | 63593 | 0 | 0 |
| EOG RESOURCES INC | COMMON | 26875P101 |  | 36120 | 249841 | SH |  | SOLE |  | 172973 | 0 | 76868 |
| EBAY INC | COMMON | 278642103 |  | 7155 | 78580 | SH |  | SOLE |  | 55319 | 0 | 23261 |
| ECOLAB INC | COMMON | 278865100 |  | 282 | 1058 | SH |  | SOLE |  | 1058 | 0 | 0 |
| EDISON INTL | COMMON | 281020107 |  | 16656 | 227590 | SH |  | SOLE |  | 159850 | 0 | 67740 |
| ELANCO ANIMAL HEALTH | COMMON | 28414H103 |  | 1061 | 44343 | SH |  | SOLE |  | 24333 | 0 | 20010 |
| EMCOR GROUP INC | COMMON | 29084Q100 |  | 944 | 1278 | SH |  | SOLE |  | 84 | 0 | 1194 |
| EMERSON ELEC CO | COMMON | 291011104 |  | 373 | 2850 | SH |  | SOLE |  | 0 | 0 | 2850 |
| ENERSYS | COMMON | 29275Y102 |  | 10659 | 61363 | SH |  | SOLE |  | 50666 | 0 | 10697 |
| ENOVA INTERNATIONAL | COMMON | 29357K103 |  | 5970 | 43956 | SH |  | SOLE |  | 37093 | 0 | 6863 |
| ENTERPRISE FINL SVCS | COMMON | 293712105 |  | 4112 | 76007 | SH |  | SOLE |  | 34942 | 0 | 41065 |
| EPLUS INC | COMMON | 294268107 |  | 1002 | 13325 | SH |  | SOLE |  | 749 | 0 | 12576 |
| EQUITY BANCSHARES | COM USD0.01 | 29460X109 |  | 5616 | 126445 | SH |  | SOLE |  | 52470 | 0 | 73975 |
| EUROPACIFIC GROWTH F | SHS CL F-2 | 29875E100 |  | 864 | 14734 | SH |  | SOLE |  | 14734 | 0 | 0 |
| EVERQUOTE INC | COM CL A | 30041R108 |  | 2720 | 176395 | SH |  | SOLE |  | 73425 | 0 | 102970 |
| EXCHANGE PLACE ADVIS | N SQ RCIM TAX-ADV PR | 301471108 |  | 4460 | 175931 | SH |  | SOLE |  | 175931 | 0 | 0 |
| EXPEDIA GROUP INC | COMMON | 30212P303 |  | 3014 | 13053 | SH |  | SOLE |  | 7648 | 0 | 5405 |
| META PLATFORMS INC | COM USD0.000006 CL A | 30303M102 |  | 5248 | 9174 | SH |  | SOLE |  | 4920 | 0 | 4254 |
| FEDERAL AGRIC MTG | CLASS C | 313148306 |  | 4357 | 29380 | SH |  | SOLE |  | 11940 | 0 | 17440 |
| FIRST BANCORP ME | COMMON | 31866P102 |  | 1849 | 65955 | SH |  | SOLE |  | 27360 | 0 | 38595 |
| FIRST BANK WILLIAMS | COMMON | 31931U102 |  | 2607 | 162980 | SH |  | SOLE |  | 67145 | 0 | 95835 |
| FIRST FINL BANCORP | COMMON | 320209109 |  | 590 | 21116 | SH |  | SOLE |  | 14416 | 0 | 6700 |
| FIRST FINL CORP | COMMON | 320218100 |  | 3376 | 53410 | SH |  | SOLE |  | 22145 | 0 | 31265 |
| FIRST INTERNET BANC | COMMON | 320557101 |  | 3901 | 191384 | SH |  | SOLE |  | 79603 | 0 | 111781 |
| FLUOR CORPORATION | COMMON | 343412102 |  | 933 | 19996 | SH |  | SOLE |  | 1383 | 0 | 18613 |
| FLUSHING FINL CORP | COMMON | 343873105 |  | 7042 | 458350 | SH |  | SOLE |  | 188325 | 0 | 270025 |
| FOX CORPORATION | CL A COM | 35137L105 |  | 22919 | 392417 | SH |  | SOLE |  | 272722 | 0 | 119695 |
| FREEPORT-MCMORAN INC | COMMON | 35671D857 |  | 453 | 7715 | SH |  | SOLE |  | 7715 | 0 | 0 |
| GAMING PPTYS | COMMON | 36467J108 |  | 1651 | 37174 | SH |  | SOLE |  | 23908 | 0 | 13266 |
| GE VERNOVA INC | COMMON STOCK | 36828A101 |  | 10094 | 11566 | SH |  | SOLE |  | 3481 | 0 | 8085 |
| GENERAL DYNAMICS | COMMON | 369550108 |  | 18003 | 52462 | SH |  | SOLE |  | 35758 | 0 | 16704 |
| GE AEROSPACE | COM NEW | 369604301 |  | 12880 | 45394 | SH |  | SOLE |  | 12554 | 0 | 32840 |
| GENERAL MOTORS CO | COMMON | 37045V100 |  | 25787 | 346115 | SH |  | SOLE |  | 237855 | 0 | 108260 |
| GILEAD SCIENCES INC | COMMON | 375558103 |  | 4355 | 31262 | SH |  | SOLE |  | 11415 | 0 | 19847 |
| GOLDMAN SACHS GROUP | COMMON | 38141G104 |  | 32039 | 37868 | SH |  | SOLE |  | 25562 | 0 | 12306 |
| GOLDMAN SACHS TR | STRU INTLSC IN | 38144N593 |  | 802 | 48161 | SH |  | SOLE |  | 48161 | 0 | 0 |
| GOLDMAN SACHS TR | STRU EMKEQT IR | 38145C596 |  | 228 | 7287 | SH |  | SOLE |  | 7287 | 0 | 0 |
| GOODYEAR TIRE  RUBR | COMMON | 382550101 |  | 3443 | 519172 | SH |  | SOLE |  | 466347 | 0 | 52825 |
| GUARDIAN PHARMACY SR | CLASS A COMMON STOCK | 40145W101 |  | 3457 | 91770 | SH |  | SOLE |  | 38105 | 0 | 53665 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 |  | 6970 | 32943 | SH |  | SOLE |  | 29715 | 0 | 3228 |
| HANCOCK WHITNEY CORP | COMMON | 410120109 |  | 11597 | 182365 | SH |  | SOLE |  | 161892 | 0 | 20473 |
| HARRIS ASSOC INVT TR | OAKMK GLBSEL I | 413838822 |  | 383 | 15801 | SH |  | SOLE |  | 15801 | 0 | 0 |
| HARTFORD INSURANCE | COMMON | 416515104 |  | 41862 | 309592 | SH |  | SOLE |  | 217457 | 0 | 92135 |
| HAWAIIAN ELEC INDS | COMMON | 419870100 |  | 7531 | 507388 | SH |  | SOLE |  | 403051 | 0 | 104337 |
| HEALTHCARE SVCS GRP | COMMON | 421906108 |  | 13873 | 747924 | SH |  | SOLE |  | 474739 | 0 | 273185 |
| HELIX ENRGY SOLNS | COMMON | 42330P107 |  | 3546 | 358475 | SH |  | SOLE |  | 148740 | 0 | 209735 |
| HILTON WRLDWDE HLDGS | COMMON | 43300A203 |  | 3002 | 9861 | SH |  | SOLE |  | 2786 | 0 | 7075 |
| HOME DEPOT INC | COMMON | 437076102 |  | 362 | 1100 | SH |  | SOLE |  | 30 | 0 | 1070 |
| HOMETRUST BANCSHAR | COMMON | 437872104 |  | 4189 | 98195 | SH |  | SOLE |  | 40710 | 0 | 57485 |
| HONEYWELL INTL INC | COMMON | 438516106 |  | 314 | 1390 | SH |  | SOLE |  | 1390 | 0 | 0 |
| HORIZON BANCORP INC | COMMON | 440407104 |  | 5081 | 306595 | SH |  | SOLE |  | 127280 | 0 | 179315 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 3401 | 14755 | SH |  | SOLE |  | 4650 | 0 | 10105 |
| HUMANA INC | COMMON | 444859102 |  | 619 | 3565 | SH |  | SOLE |  | 2213 | 0 | 1352 |
| IDT CORPORATION | CLASS B | 448947507 |  | 5085 | 103520 | SH |  | SOLE |  | 43005 | 0 | 60515 |
| IMAX CORP | COMMON | 45245E109 |  | 2745 | 72225 | SH |  | SOLE |  | 29985 | 0 | 42240 |
| INDEPENDENT BANK | COMMON | 453838609 |  | 6577 | 197500 | SH |  | SOLE |  | 80635 | 0 | 116865 |
| INGREDION INCORPRTD | COMMON | 457187102 |  | 277 | 2459 | SH |  | SOLE |  | 236 | 0 | 2223 |
| INNOVEX INTERNATIONA | COMMON | 457651107 |  | 1962 | 80479 | SH |  | SOLE |  | 72586 | 0 | 7893 |
| INOGEN INC | COM USD0.001 | 45780L104 |  | 2557 | 413880 | SH |  | SOLE |  | 171665 | 0 | 242215 |
| INNOVATIVE INDL PPTY | COMMON STOCK | 45781V101 |  | 2020 | 40294 | SH |  | SOLE |  | 36195 | 0 | 4099 |
| INSPIRED ENTMT INC | COM USD0.0001 | 45782N108 |  | 4991 | 699973 | SH |  | SOLE |  | 285750 | 0 | 414223 |
| INTERACTIVE BROKERS | CLASS A | 45841N107 |  | 4684 | 69834 | SH |  | SOLE |  | 19314 | 0 | 50520 |
| INTERFACE INC | COMMON | 458665304 |  | 4110 | 164901 | SH |  | SOLE |  | 148110 | 0 | 16791 |
| INTL BANCSHARES CORP | COMMON | 459044103 |  | 8866 | 131745 | SH |  | SOLE |  | 118345 | 0 | 13400 |
| INTL BUSINESS MCHN | COMMON | 459200101 |  | 25893 | 106824 | SH |  | SOLE |  | 75089 | 0 | 31735 |
| INTERNATIONAL GRW | CL F-1 SHS | 45956T402 |  | 460 | 10165 | SH |  | SOLE |  | 10165 | 0 | 0 |
| INVESCO QQQ TR | QQQ TRUST SERIES 1 | 46090E103 |  | 88373 | 153111 | SH |  | SOLE |  | 153111 | 0 | 0 |
| INTUITIVE SURGIC INC | COMMON | 46120E602 |  | 6625 | 14367 | SH |  | SOLE |  | 4262 | 0 | 10105 |
| INVESCO EXCHANGETRAD | S 500 EQUAL WEIGHT | 46137V357 |  | 854 | 4450 | SH |  | SOLE |  | 4450 | 0 | 0 |
| INVESCO EXCHANGETRAD | S 500 GARP ETF | 46137V431 |  | 1453 | 13500 | SH |  | SOLE |  | 13500 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL CAPPED E | 464286400 |  | 5033 | 131091 | SH |  | SOLE |  | 126589 | 0 | 4502 |
| ISHARES INC | MSCI CDA INDEX | 464286509 |  | 23920 | 436529 | SH |  | SOLE |  | 433488 | 0 | 3041 |
| ISHARES INC | MSCI EUROZONE | 464286608 |  | 45152 | 720820 | SH |  | SOLE |  | 720820 | 0 | 0 |
| ISHARES INC | MSCI SWITZERLAND CAP | 464286749 |  | 4396 | 74684 | SH |  | SOLE |  | 72010 | 0 | 2674 |
| ISHARES | MSCI GERMANY ETF | 464286806 |  | 4271 | 107652 | SH |  | SOLE |  | 103777 | 0 | 3875 |
| ISHARES | EMERG MKTS ETF | 464287234 |  | 721 | 12700 | SH |  | SOLE |  | 12700 | 0 | 0 |
| ISHARES | MSCI EAFE ETF | 464287465 |  | 1603 | 16500 | SH |  | SOLE |  | 16500 | 0 | 0 |
| ISHARES | RUS MD CP GR ETF | 464287481 |  | 551 | 4300 | SH |  | SOLE |  | 4300 | 0 | 0 |
| ISHARES | RUSSELL 2000 ETF | 464287655 |  | 794 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| ISHARES | 3-7 YR TR BD ETF | 464288661 |  | 22522 | 189900 | SH |  | SOLE |  | 189900 | 0 | 0 |
| ISHARES | EAFE VALUE ETF | 464288877 |  | 13947 | 187565 | SH |  | SOLE |  | 181279 | 0 | 6286 |
| ISHARES MSCI | INDIA INDEX FUND | 46429B598 |  | 3985 | 85107 | SH |  | SOLE |  | 81877 | 0 | 3230 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 3865 | 42684 | SH |  | SOLE |  | 42684 | 0 | 0 |
| ISHARES INC | MSCI SINGPOR ETF | 46434G780 |  | 4175 | 147892 | SH |  | SOLE |  | 142515 | 0 | 5377 |
| ISHARES TR | MSCI UK ETF | 46435G334 |  | 6239 | 136873 | SH |  | SOLE |  | 131808 | 0 | 5065 |
| JPMORGAN CHASE  CO | COMMON | 46625H100 |  | 43105 | 146524 | SH |  | SOLE |  | 100346 | 0 | 46178 |
| JACKSON FINANCIAL | CLASS A COMMON STOCK | 46817M107 |  | 5754 | 54423 | SH |  | SOLE |  | 48865 | 0 | 5558 |
| JACOBS SOLUTIONS INC | COMMON | 46982L108 |  | 1408 | 11068 | SH |  | SOLE |  | 6754 | 0 | 4314 |
| JOHNSON  JOHNSON | COMMON | 478160104 |  | 54453 | 222785 | SH |  | SOLE |  | 153415 | 0 | 69370 |
| JOHNSON OUTDOORS INC | CLASS A | 479167108 |  | 5879 | 126395 | SH |  | SOLE |  | 51530 | 0 | 74865 |
| KLA CORPORATION | COMMON USD0.001 | 482480100 |  | 25247 | 17150 | SH |  | SOLE |  | 10168 | 0 | 6982 |
| KELLY SERVICES INC | CLASS A | 488152208 |  | 3792 | 428505 | SH |  | SOLE |  | 172545 | 0 | 255960 |
| KEMPER CORPORATION | COMMON | 488401100 |  | 3117 | 101999 | SH |  | SOLE |  | 91612 | 0 | 10387 |
| KIMBALL ELECTRONICS | COMMON | 49428J109 |  | 4257 | 179700 | SH |  | SOLE |  | 74650 | 0 | 105050 |
| KNOWLES CORPORATION | COMMON STOCK | 49926D109 |  | 6517 | 253761 | SH |  | SOLE |  | 227942 | 0 | 25819 |
| KOPPERS HOLDINGS | COMMON | 50060P106 |  | 7524 | 194555 | SH |  | SOLE |  | 80845 | 0 | 113710 |
| KROGER CO | COMMON | 501044101 |  | 11830 | 163511 | SH |  | SOLE |  | 114976 | 0 | 48535 |
| LA Z BOY INC | COM | 505336107 |  | 5185 | 161303 | SH |  | SOLE |  | 69343 | 0 | 91960 |
| LAM RESEARCH CORPORA | COMMON | 512807306 |  | 8954 | 41901 | SH |  | SOLE |  | 11586 | 0 | 30315 |
| LEAR CORPORATION | COMMON | 521865204 |  | 5759 | 47566 | SH |  | SOLE |  | 42726 | 0 | 4840 |
| LILLY ELI  CO | COMMON | 532457108 |  | 26754 | 29088 | SH |  | SOLE |  | 8878 | 0 | 20210 |
| LINCOLN NATL CORP | COMMON | 534187109 |  | 13235 | 372851 | SH |  | SOLE |  | 261896 | 0 | 110955 |
| LOWES CO | COMMON | 548661107 |  | 14180 | 60000 | SH |  | SOLE |  | 42139 | 0 | 17861 |
| M/I HOMES INC | COMMON | 55305B101 |  | 204 | 1666 | SH |  | SOLE |  | 160 | 0 | 1506 |
| MANITOWOC INC | COMMON | 563571405 |  | 3319 | 284820 | SH |  | SOLE |  | 118275 | 0 | 166545 |
| MARATHON PETROLEUM | COMMON | 56585A102 |  | 4547 | 18620 | SH |  | SOLE |  | 11396 | 0 | 7224 |
| MARRIOTT INTL INC | CLASS A | 571903202 |  | 3249 | 9935 | SH |  | SOLE |  | 2860 | 0 | 7075 |
| MASTERCARD INC | CLASS A | 57636Q104 |  | 15012 | 30060 | SH |  | SOLE |  | 8840 | 0 | 21220 |
| MATTEL INC | COMMON | 577081102 |  | 406 | 27963 | SH |  | SOLE |  | 2691 | 0 | 25272 |
| MCKESSON CORP | COMMON | 58155Q103 |  | 4258 | 4921 | SH |  | SOLE |  | 1481 | 0 | 3440 |
| PEDIATRIX MEDICAL GR | COMMON | 58502B106 |  | 7748 | 362281 | SH |  | SOLE |  | 325318 | 0 | 36963 |
| MERCADOLIBRE INC | COMMON | 58733R102 |  | 13924 | 8052 | SH |  | SOLE |  | 1991 | 0 | 6061 |
| MERCK  CO INC | COMMON | 58933Y105 |  | 1339 | 11143 | SH |  | SOLE |  | 6454 | 0 | 4689 |
| PATHWARD FINANCIAL | COMMON | 59100U108 |  | 5714 | 64051 | SH |  | SOLE |  | 57525 | 0 | 6526 |
| MICROSOFT CORP | COMMON | 594918104 |  | 88816 | 239938 | SH |  | SOLE |  | 74682 | 0 | 165256 |
| MICRON TECHNOLOGY | COMMON | 595112103 |  | 27830 | 82380 | SH |  | SOLE |  | 57866 | 0 | 24514 |
| MINERALS TECHNOLOGS | COMMON | 603158106 |  | 14581 | 205574 | SH |  | SOLE |  | 132702 | 0 | 72872 |
| MISTRAS GROUP INC | COMMON | 60649T107 |  | 3961 | 267881 | SH |  | SOLE |  | 111134 | 0 | 156747 |
| MITEK SYS INC | COMMON | 606710200 |  | 8685 | 643345 | SH |  | SOLE |  | 267310 | 0 | 376035 |
| MONSTER BEVERAGE CRP | COM USD0.005 | 61174X109 |  | 2024 | 27957 | SH |  | SOLE |  | 7747 | 0 | 20210 |
| MURPHY OIL CORP | COMMON | 626717102 |  | 10175 | 246647 | SH |  | SOLE |  | 222468 | 0 | 24179 |
| MYERS INDS INC | COMMON | 628464109 |  | 5976 | 282310 | SH |  | SOLE |  | 117755 | 0 | 164555 |
| NATL HEALTHCARE CP | COMMON | 635906100 |  | 3284 | 20565 | SH |  | SOLE |  | 8320 | 0 | 12245 |
| NATIONAL FUEL GAS CO | COMMON | 636180101 |  | 5422 | 57694 | SH |  | SOLE |  | 51814 | 0 | 5880 |
| NATURAL GROCERS BY | COMMON | 63888U108 |  | 3494 | 135154 | SH |  | SOLE |  | 56137 | 0 | 79017 |
| NETFLIX INC | COMMON | 64110L106 |  | 23462 | 244012 | SH |  | SOLE |  | 42967 | 0 | 201045 |
| NETSCOUT SYS INC | COMMON | 64115T104 |  | 14635 | 460316 | SH |  | SOLE |  | 325187 | 0 | 135129 |
| NEWMARK GROUP INC | COM CL A | 65158N102 |  | 4874 | 325176 | SH |  | SOLE |  | 254102 | 0 | 71074 |
| NEWMONT CORPORATION | COM | 651639106 |  | 10203 | 94252 | SH |  | SOLE |  | 66162 | 0 | 28090 |
| NEXTERA ENERGY INC | COMMON | 65339F101 |  | 25404 | 273465 | SH |  | SOLE |  | 187221 | 0 | 86244 |
| NEXPOINT RESIDNL TR | COMMON | 65341D102 |  | 3681 | 147192 | SH |  | SOLE |  | 132043 | 0 | 15149 |
| NORTH SQUARE INVESTM | NORTH MICRO FD I | 66263L593 |  | 15391 | 1174929 | SH |  | SOLE |  | 1174929 | 0 | 0 |
| NORTH SQUARE INVESTM | MCKEE BD FD CL Y | 66263L643 |  | 3088 | 352480 | SH |  | SOLE |  | 244112 | 0 | 108368 |
| NORTH SQ INVSTMNTS T | ADVSY RSCH ACP I | 66263L775 |  | 18158 | 1395679 | SH |  | SOLE |  | 1395679 | 0 | 0 |
| NORTH SQ INVSTMNTS T | STRATEGIC INC I | 66263L791 |  | 1153 | 116855 | SH |  | SOLE |  | 116855 | 0 | 0 |
| NORTH SQ INVSTMNTS T | DYNAMIC SMCP I | 66263L825 |  | 42553 | 2591544 | SH |  | SOLE |  | 2591544 | 0 | 0 |
| NORTHEAST BANK | COMMON | 66405S100 |  | 7696 | 68497 | SH |  | SOLE |  | 28427 | 0 | 40070 |
| NORTHWEST NATURAL HL | COMMON STOCK | 66765N105 |  | 5136 | 96501 | SH |  | SOLE |  | 86733 | 0 | 9768 |
| NWPX INFRASTRUCTURE | COMMON | 667746101 |  | 9310 | 119565 | SH |  | SOLE |  | 48830 | 0 | 70735 |
| NORTHWESTERN ENERGY | COMMON | 668074305 |  | 692 | 10501 | SH |  | SOLE |  | 7711 | 0 | 2790 |
| GEN DIGITAL INC | COMMON | 668771108 |  | 579 | 30706 | SH |  | SOLE |  | 1803 | 0 | 28903 |
| NOVARTIS AG | ADR (1 ORD) | 66987V109 |  | 1906 | 12475 | SH |  | SOLE |  | 6840 | 0 | 5635 |
| DNOW INC | COMMON | 67011P100 |  | 9387 | 788245 | SH |  | SOLE |  | 657543 | 0 | 130702 |
| NUCOR CORP | COMMON | 670346105 |  | 19382 | 114625 | SH |  | SOLE |  | 80510 | 0 | 34115 |
| NVIDIA CORP | COMMON | 67066G104 |  | 122597 | 702962 | SH |  | SOLE |  | 217231 | 0 | 485731 |
| OREILLY AUTOMOTIVE I | COM | 67103H107 |  | 3400 | 36885 | SH |  | SOLE |  | 11625 | 0 | 25260 |
| OFG BANCORP | COMMON | 67103X102 |  | 9887 | 244353 | SH |  | SOLE |  | 219622 | 0 | 24731 |
| CHORD ENERGY CORP | COMMON | 674215207 |  | 3314 | 23307 | SH |  | SOLE |  | 19211 | 0 | 4096 |
| OCEANEERING INTL INC | COMMON | 675232102 |  | 518 | 14613 | SH |  | SOLE |  | 10273 | 0 | 4340 |
| OCEANFIRST FINL CORP | COMMON | 675234108 |  | 5788 | 320718 | SH |  | SOLE |  | 138673 | 0 | 182045 |
| ONESPAN INC | COMMON | 68287N100 |  | 3594 | 341330 | SH |  | SOLE |  | 138820 | 0 | 202510 |
| ORACLE CORP | COMMON | 68389X105 |  | 8550 | 58109 | SH |  | SOLE |  | 17689 | 0 | 40420 |
| OUTFRONT MEDIA INC | COMMON | 69007J304 |  | 1170 | 44141 | SH |  | SOLE |  | 2593 | 0 | 41548 |
| OWENS CORNING | COMMON | 690742101 |  | 740 | 6842 | SH |  | SOLE |  | 425 | 0 | 6417 |
| PALANTIR TECH INC | COM USD0.001 CLASS A | 69608A108 |  | 11487 | 78528 | SH |  | SOLE |  | 22953 | 0 | 55575 |
| PALO ALTO NETWORKS | COMMON | 697435105 |  | 4487 | 28000 | SH |  | SOLE |  | 7790 | 0 | 20210 |
| PAN AMERICAN SILVER | COMMON | 697900108 |  | 4439 | 81268 | SH |  | SOLE |  | 72989 | 0 | 8279 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 250 | 5520 | SH |  | SOLE |  | 5520 | 0 | 0 |
| PEGASYSTEMS INC | COMMON | 705573103 |  | 2005 | 47107 | SH |  | SOLE |  | 42306 | 0 | 4801 |
| PENGUIN SOLUTIONS IN | COMMON STOCK | 706915105 |  | 9631 | 547382 | SH |  | SOLE |  | 335072 | 0 | 212310 |
| PEOPLES BANCORP | COMMON | 709789101 |  | 5264 | 160110 | SH |  | SOLE |  | 72036 | 0 | 88074 |
| PFIZER INC | COMMON | 717081103 |  | 21414 | 762708 | SH |  | SOLE |  | 536218 | 0 | 226490 |
| PHILIP MORRIS INTL | COMMON | 718172109 |  | 265 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| PORTLAND GEN ELEC CO | COMMON | 736508847 |  | 1073 | 20336 | SH |  | SOLE |  | 1290 | 0 | 19046 |
| POSTAL REALTY TRUST | CLASS A | 73757R102 |  | 8691 | 468400 | SH |  | SOLE |  | 190125 | 0 | 278275 |
| PRIMORIS SVCS CORP | COMMON | 74164F103 |  | 4771 | 33372 | SH |  | SOLE |  | 29976 | 0 | 3396 |
| PRIMIS FINANCIAL CRP | COMMON | 74167B109 |  | 4846 | 364825 | SH |  | SOLE |  | 151270 | 0 | 213555 |
| PRUDENTIAL WORLD FD | JNSON GL OPT Z | 743969685 |  | 429 | 12605 | SH |  | SOLE |  | 12605 | 0 | 0 |
| PRUDENTIAL FINL | COMMON | 744320102 |  | 511 | 5230 | SH |  | SOLE |  | 0 | 0 | 5230 |
| PUBLIC SVC ENTERPR | COMMON | 744573106 |  | 975 | 12062 | SH |  | SOLE |  | 7842 | 0 | 4220 |
| EVERPURE INC | COM USD0.0001 CL A | 74624M102 |  | 2952 | 50000 | SH |  | SOLE |  | 0 | 0 | 50000 |
| QUALCOMM INC | COMMON | 747525103 |  | 26317 | 204393 | SH |  | SOLE |  | 141727 | 0 | 62666 |
| QUANTA SVCS INC | COMMON | 74762E102 |  | 3085 | 5622 | SH |  | SOLE |  | 1832 | 0 | 3790 |
| QUEST DIAGNOSTICS | COMMON | 74834L100 |  | 15030 | 76714 | SH |  | SOLE |  | 53964 | 0 | 22750 |
| RALLIANT CORP | COMMON STOCK | 750940108 |  | 4118 | 99009 | SH |  | SOLE |  | 83656 | 0 | 15353 |
| RANGE RESOURCES CORP | COMMON | 75281A109 |  | 876 | 19391 | SH |  | SOLE |  | 1297 | 0 | 18094 |
| RANGER ENERGY SVCS | CLASS A | 75282U104 |  | 6112 | 356569 | SH |  | SOLE |  | 144279 | 0 | 212290 |
| RTX CORPORATION | COM USD1 | 75513E101 |  | 14441 | 74873 | SH |  | SOLE |  | 52683 | 0 | 22190 |
| REGAL REXNORD CORP | COMMON | 758750103 |  | 339 | 1811 | SH |  | SOLE |  | 175 | 0 | 1636 |
| UPBOUND GROUP INC | COMMON | 76009N100 |  | 5162 | 285978 | SH |  | SOLE |  | 231537 | 0 | 54441 |
| RESIDEO TECHNOLOGIES | COMMON STOCK | 76118Y104 |  | 2262 | 67124 | SH |  | SOLE |  | 60230 | 0 | 6894 |
| ROBINHOOD MARKETS IN | COM USD0.0001 CL A | 770700102 |  | 3916 | 56508 | SH |  | SOLE |  | 16088 | 0 | 40420 |
| ROWE T PRICE INTL FD | EMERG MKTS STK | 77956H864 |  | 708 | 15496 | SH |  | SOLE |  | 15496 | 0 | 0 |
| SHELL PLC | ADS (REP 2 ORD SHS) | 780259305 |  | 32475 | 349210 | SH |  | SOLE |  | 241550 | 0 | 107660 |
| RYERSON HOLDING CO | COM USD0.01 | 783754104 |  | 5756 | 256043 | SH |  | SOLE |  | 106269 | 0 | 149774 |
| SM ENERGY COMPANY | COMMON | 78454L100 |  | 8096 | 259682 | SH |  | SOLE |  | 234225 | 0 | 25457 |
| STATE ST SPDR S | UNITS SER 1 S | 78462F103 |  | 84180 | 129440 | SH |  | SOLE |  | 129440 | 0 | 0 |
| ETF S EMRG MKTS | STATE STR SPDR PORTF | 78463X509 |  | 2482 | 52916 | SH |  | SOLE |  | 52000 | 0 | 916 |
| S WRLD EX US | STATE STR SPDR PORTF | 78463X889 |  | 7437 | 162925 | SH |  | SOLE |  | 160000 | 0 | 2925 |
| SPDR SERIES TRUST | STATE STREET S 500 | 78464A854 |  | 13325 | 174083 | SH |  | SOLE |  | 171200 | 0 | 2883 |
| SPDR SER TR | STATE STR S 600 SM | 78468R853 |  | 1480 | 30642 | SH |  | SOLE |  | 30100 | 0 | 542 |
| SALESFORCE INC | COMMON | 79466L302 |  | 1337 | 7161 | SH |  | SOLE |  | 4180 | 0 | 2981 |
| SALLY BEAUTY HLDGS | COMMON | 79546E104 |  | 9442 | 681647 | SH |  | SOLE |  | 424994 | 0 | 256653 |
| SANOFI | SPONSORED ADR | 80105N105 |  | 17506 | 363425 | SH |  | SOLE |  | 255260 | 0 | 108165 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 3278 | 34879 | SH |  | SOLE |  | 9619 | 0 | 25260 |
| SCIENCE APLCTNS INTL | COMMON STOCK | 808625107 |  | 5435 | 57256 | SH |  | SOLE |  | 51422 | 0 | 5834 |
| SELECT MED HLDGS | COMMON | 81619Q105 |  | 399 | 24465 | SH |  | SOLE |  | 15510 | 0 | 8955 |
| SERVICENOW INC | COMMON | 81762P102 |  | 4089 | 39111 | SH |  | SOLE |  | 10821 | 0 | 28290 |
| SHOE CARNIVAL INC | COMMON | 824889109 |  | 1973 | 126640 | SH |  | SOLE |  | 52530 | 0 | 74110 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 4884 | 41171 | SH |  | SOLE |  | 10856 | 0 | 30315 |
| SIERRA BANCORP | COMMON | 82620P102 |  | 5567 | 164170 | SH |  | SOLE |  | 68065 | 0 | 96105 |
| SILICON MOTION TECH | ADR (4 ORD) | 82706C108 |  | 443 | 3961 | SH |  | SOLE |  | 1851 | 0 | 2110 |
| SIMON PPTY INC | COMMON | 828806109 |  | 20550 | 110181 | SH |  | SOLE |  | 77391 | 0 | 32790 |
| SMARTFINANCIAL INC | COM USD1 | 83190L208 |  | 6689 | 171175 | SH |  | SOLE |  | 70980 | 0 | 100195 |
| SPOK HLDGS INC | COMMON | 84863T106 |  | 2323 | 213130 | SH |  | SOLE |  | 88520 | 0 | 124610 |
| STANDARD MOTOR PRODS | COMMON | 853666105 |  | 6568 | 189070 | SH |  | SOLE |  | 80625 | 0 | 108445 |
| STONEX GROUP INC | COMMON | 861896108 |  | 8596 | 106560 | SH |  | SOLE |  | 95681 | 0 | 10879 |
| STRYKER CORP | COMMON | 863667101 |  | 2855 | 8682 | SH |  | SOLE |  | 2627 | 0 | 6055 |
| SUN COUNTRY AIRLINES | COM USD0.01 | 866683105 |  | 7090 | 429190 | SH |  | SOLE |  | 183135 | 0 | 246055 |
| SYNCHRONY FINL | COMMON | 87165B103 |  | 30615 | 450104 | SH |  | SOLE |  | 308852 | 0 | 141252 |
| SYSCO CORP | COMMON | 871829107 |  | 1138 | 15985 | SH |  | SOLE |  | 9746 | 0 | 6239 |
| T-MOBILE US INC | COMMON | 872590104 |  | 357 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| TALOS ENERGY INC | COMMON STOCK | 87484T108 |  | 10478 | 664781 | SH |  | SOLE |  | 356764 | 0 | 308017 |
| TARGET CORPORATION | COMMON | 87612E106 |  | 933 | 7706 | SH |  | SOLE |  | 4790 | 0 | 2916 |
| TAYLOR MORRISON HO | COMMON | 87724P106 |  | 4753 | 81643 | SH |  | SOLE |  | 70821 | 0 | 10822 |
| TERADATA CORP | COMMON | 88076W103 |  | 3180 | 124085 | SH |  | SOLE |  | 111409 | 0 | 12676 |
| TEREX CORP | COMMON | 880779103 |  | 13933 | 235758 | SH |  | SOLE |  | 197395 | 0 | 38363 |
| TESLA INC | COM | 88160R101 |  | 34408 | 92563 | SH |  | SOLE |  | 26883 | 0 | 65680 |
| TIMKEN CO | COMMON | 887389104 |  | 5654 | 56204 | SH |  | SOLE |  | 50479 | 0 | 5725 |
| METALLUS INC | COMMON | 887399103 |  | 5288 | 323525 | SH |  | SOLE |  | 130045 | 0 | 193480 |
| TYSON FOODS INC | CLASS A | 902494103 |  | 10406 | 162419 | SH |  | SOLE |  | 114089 | 0 | 48330 |
| UGI CORP | COMMON | 902681105 |  | 5969 | 163906 | SH |  | SOLE |  | 147318 | 0 | 16588 |
| US BANCORP DEL | COMMON | 902973304 |  | 54276 | 1043614 | SH |  | SOLE |  | 721840 | 0 | 321774 |
| UBER TECHNOLOGIES | COM USD0.00001 | 90353T100 |  | 6227 | 86549 | SH |  | SOLE |  | 25924 | 0 | 60625 |
| UNITED FIRE GROUP | COMMON | 910340108 |  | 3592 | 96935 | SH |  | SOLE |  | 40440 | 0 | 56495 |
| UNITED RENTALS INC | COMMON | 911363109 |  | 19591 | 26894 | SH |  | SOLE |  | 18535 | 0 | 8359 |
| UNITIL CORP | COMMON | 913259107 |  | 7030 | 134545 | SH |  | SOLE |  | 54200 | 0 | 80345 |
| UNIVERSAL HEALTH SVC | CLASS B | 913903100 |  | 1246 | 6968 | SH |  | SOLE |  | 326 | 0 | 6642 |
| V F CORP | COMMON | 918204108 |  | 321 | 18862 | SH |  | SOLE |  | 1813 | 0 | 17049 |
| VAALCO ENERGY INC | COMMON | 91851C201 |  | 7744 | 1221296 | SH |  | SOLE |  | 524736 | 0 | 696560 |
| VALERO ENERGY CORP | COMMON | 91913Y100 |  | 18746 | 75882 | SH |  | SOLE |  | 53312 | 0 | 22570 |
| VALMONT INDS INC | COMMON | 920253101 |  | 6126 | 15334 | SH |  | SOLE |  | 13775 | 0 | 1559 |
| VANGUARD SPECIALIZED | DIV APPRECIATION | 921908844 |  | 4387 | 20400 | SH |  | SOLE |  | 20400 | 0 | 0 |
| VANGUARD STAR FUND | TOT INTL STK IDX FD | 921909768 |  | 18951 | 245780 | SH |  | SOLE |  | 234586 | 0 | 11194 |
| VANGUARD TAX MANAGED | FTSE DEV MKT ETF | 921943858 |  | 20315 | 317045 | SH |  | SOLE |  | 307616 | 0 | 9429 |
| VANGUARD WHITEHALL | INTL HIGH DIV YLDIDX | 921946794 |  | 6033 | 64020 | SH |  | SOLE |  | 61723 | 0 | 2297 |
| VANGUARD INTL EQUITY | INDEX FD FTSE SMCAP | 922042718 |  | 343 | 2350 | SH |  | SOLE |  | 2350 | 0 | 0 |
| VANGUARD INTL EQUITY | ETF ALL-WORLD EX-US | 922042775 |  | 252 | 3350 | SH |  | SOLE |  | 3350 | 0 | 0 |
| VANGUARD SCOTTSDAL | FDS VNG RUS2000IDX | 92206C664 |  | 38058 | 379911 | SH |  | SOLE |  | 363526 | 0 | 16385 |
| VANGUARD SCOTTSDAL | RUSSELL 1000 VALUE | 92206C714 |  | 330 | 3525 | SH |  | SOLE |  | 0 | 0 | 3525 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 11775 | 19706 | SH |  | SOLE |  | 19706 | 0 | 0 |
| VANGUARD INDEX TR | SMALL CAP VALUE | 922908611 |  | 5127 | 23600 | SH |  | SOLE |  | 22619 | 0 | 981 |
| VANGUARD INDEX TR | GROWTH | 922908736 |  | 88310 | 202179 | SH |  | SOLE |  | 201434 | 0 | 745 |
| VANGUARD INDEX TR | VALUE | 922908744 |  | 72024 | 367088 | SH |  | SOLE |  | 367088 | 0 | 0 |
| VANGUARD INDEX TR | SMALL CAP | 922908751 |  | 11886 | 45387 | SH |  | SOLE |  | 43704 | 0 | 1683 |
| VERIZON COMMUNICATIO | COMMON | 92343V104 |  | 39555 | 787922 | SH |  | SOLE |  | 547737 | 0 | 240185 |
| VERSABANK NEW | COM | 92512J106 |  | 3956 | 279116 | SH |  | SOLE |  | 115776 | 0 | 163340 |
| VERTEX PHARMA | COMMON | 92532F100 |  | 4837 | 10838 | SH |  | SOLE |  | 3003 | 0 | 7835 |
| VERTIV HOLDINGS LLC | COM USD0.0001 CL A | 92537N108 |  | 3319 | 13237 | SH |  | SOLE |  | 4142 | 0 | 9095 |
| VIATRIS INC | COMMON USD0.01 | 92556V106 |  | 915 | 67730 | SH |  | SOLE |  | 4752 | 0 | 62978 |
| VICI PPTYS INC | COM | 925652109 |  | 11334 | 414719 | SH |  | SOLE |  | 291294 | 0 | 123425 |
| VIRTU FINANCIAL INC | COM CL A USD0.00001 | 928254101 |  | 827 | 18808 | SH |  | SOLE |  | 1290 | 0 | 17518 |
| VISA INC | CLASS A | 92826C839 |  | 18590 | 61502 | SH |  | SOLE |  | 18052 | 0 | 43450 |
| VIRTUS OPPORTUNITIES | KAR INTLSMLMDCP CL I | 92828W825 |  | 542 | 28106 | SH |  | SOLE |  | 28106 | 0 | 0 |
| VONTIER CORPORATION | COMMON STOCK | 928881101 |  | 929 | 26195 | SH |  | SOLE |  | 1696 | 0 | 24499 |
| WP CAREY INC | COM | 92936U109 |  | 13674 | 201206 | SH |  | SOLE |  | 141326 | 0 | 59880 |
| WALMART INC | COMMON | 931142103 |  | 11102 | 89344 | SH |  | SOLE |  | 28719 | 0 | 60625 |
| WARNER MUSIC GROUP | COM CL A | 934550203 |  | 271 | 10596 | SH |  | SOLE |  | 1020 | 0 | 9576 |
| WATERSTONE FINANCIAL | COMMON | 94188P101 |  | 3428 | 190125 | SH |  | SOLE |  | 78835 | 0 | 111290 |
| CLIMB GLOBAL SOLUTIO | COMMON | 946760105 |  | 2606 | 131520 | SH |  | SOLE |  | 54520 | 0 | 77000 |
| WELLS FARGO  CO | COMMON | 949746101 |  | 1888 | 23730 | SH |  | SOLE |  | 15046 | 0 | 8684 |
| WELLTOWER OP INC | COMMON STOCK | 95040Q104 |  | 4971 | 25121 | SH |  | SOLE |  | 6931 | 0 | 18190 |
| WHEATON PRECIOUS MTL | COMMON | 962879102 |  | 3930 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| WHITECAP RESOURCES | COMMON SHARES (CA) | 96467A200 |  | 11150 | 990247 | SH |  | SOLE |  | 893114 | 0 | 97133 |
| WHITESTONE REIT | COMMON REIT | 966084204 |  | 9175 | 568074 | SH |  | SOLE |  | 249314 | 0 | 318760 |
| WISDOMTREE INC | COMMON | 97717P104 |  | 7597 | 521929 | SH |  | SOLE |  | 224494 | 0 | 297435 |
| WORTHINGTON ENTERPRI | COMMON | 981811102 |  | 370 | 7101 | SH |  | SOLE |  | 4971 | 0 | 2130 |
| WORTHINGTON STEEL | COMMON | 982104101 |  | 7044 | 232135 | SH |  | SOLE |  | 204231 | 0 | 27904 |
| ZIMMER BIOMET HLDS | COMMON | 98956P102 |  | 730 | 8078 | SH |  | SOLE |  | 514 | 0 | 7564 |
| ZOOM COMMUNICATIONS | COM CL A | 98980L101 |  | 18580 | 231102 | SH |  | SOLE |  | 154716 | 0 | 76386 |
| EQUUS INVEST | PARTNERSHIP X LP | 99Y801GT6 |  | 277 | 276653 | SH |  | SOLE |  | 276653 | 0 | 0 |
| TITAN AMER SA | COMMON | B9151N105 |  | 237 | 15829 | SH |  | SOLE |  | 1522 | 0 | 14307 |
| AMDOCS LTD | ORDINARY | G02602103 |  | 460 | 7055 | SH |  | SOLE |  | 0 | 0 | 7055 |
| COCA-COLA EUROPACI | COM EUR0.01 | G25839104 |  | 20254 | 223378 | SH |  | SOLE |  | 156913 | 0 | 66465 |
| APTIV PLC | ORDINARY SHARES | G3265R107 |  | 15046 | 216756 | SH |  | SOLE |  | 152251 | 0 | 64505 |
| PELAGOS INSURANCE CA | COM USD0.01 | G3398L118 |  | 7961 | 416566 | SH |  | SOLE |  | 374146 | 0 | 42420 |
| GATES INDL CORP PL | ORDINARY | G39108108 |  | 4467 | 197559 | SH |  | SOLE |  | 177440 | 0 | 20119 |
| JANUS HENDERSON PLC | ORDINARY SHARES | G4474Y214 |  | 660 | 12852 | SH |  | SOLE |  | 787 | 0 | 12065 |
| ICON PLC | ORDINARY | G4705A100 |  | 515 | 4657 | SH |  | SOLE |  | 316 | 0 | 4341 |
| JAZZ PHARMA PLC | COMMON | G50871105 |  | 939 | 4969 | SH |  | SOLE |  | 357 | 0 | 4612 |
| LIVANOVA PLC | COMMON | G5509L101 |  | 6894 | 108477 | SH |  | SOLE |  | 97411 | 0 | 11066 |
| MEDTRONIC PLC | ORDINARY SHS $0.0001 | G5960L103 |  | 23243 | 268258 | SH |  | SOLE |  | 186438 | 0 | 81820 |
| TECHNIPFMC PLC | ORDINARY SHS $1.00 | G87110105 |  | 850 | 12299 | SH |  | SOLE |  | 845 | 0 | 11454 |
| TEEKAY TANKERS LTD | CLASS A COMMON STOCK | G8726X106 |  | 6190 | 84424 | SH |  | SOLE |  | 76146 | 0 | 8278 |
| TRANE TECHNOLOGI PLC | ORDINARY SHARES | G8994E103 |  | 3477 | 8345 | SH |  | SOLE |  | 2285 | 0 | 6060 |
| AEBI SCHMIDT HLDG AG | COM | H00501108 |  | 5212 | 536619 | SH |  | SOLE |  | 226020 | 0 | 310599 |
| CHUBB LIMITED | COMMON | H1467J104 |  | 1854 | 5690 | SH |  | SOLE |  | 3572 | 0 | 2118 |
| ORION S.A. | COMMON | L72967109 |  | 4658 | 716574 | SH |  | SOLE |  | 643461 | 0 | 73113 |
| SPOTIFY TECHNOLOGY | SHS | L8681T102 |  | 2875 | 5928 | SH |  | SOLE |  | 1883 | 0 | 4045 |
| CERAGON NETWORKS LTD | ORDINARY | M22013102 |  | 4907 | 2272398 | SH |  | SOLE |  | 944485 | 0 | 1327913 |
| GILAT SATELLITE NTWK | ORDINARY | M51474118 |  | 4344 | 289210 | SH |  | SOLE |  | 120100 | 0 | 169110 |
| ITURAN LOCATN | ORDINARY | M6158M104 |  | 3838 | 78305 | SH |  | SOLE |  | 32515 | 0 | 45790 |
| NEBIUS GROUP N V | SHS CL A | N97284108 |  | 5188 | 50000 | SH |  | SOLE |  | 0 | 0 | 50000 |
| COPA HOLDINGS | CLASS A | P31076105 |  | 5879 | 51741 | SH |  | SOLE |  | 46473 | 0 | 5268 |
| ROYAL CARIBBEAN | COM USD0.01 | V7780T103 |  | 2572 | 9349 | SH |  | SOLE |  | 3264 | 0 | 6085 |
| ATLAS COPCO AB | SHS A | W1R924252 |  | 1674 | 100000 | SH |  | SOLE |  | 0 | 0 | 100000 |
| ARDMORE SHIPPING C | COM USD0.01 | Y0207T100 |  | 3514 | 230441 | SH |  | SOLE |  | 207795 | 0 | 22646 |
| DHT HOLDINGS INC | COMMON | Y2065G121 |  | 770 | 42151 | SH |  | SOLE |  | 2871 | 0 | 39280 |
| GENCO SHIPPING  TRA | SHS NEW | Y2685T131 |  | 7888 | 349725 | SH |  | SOLE |  | 141450 | 0 | 208275 |
| GLOBAL SHIP LEASE | COMMON SHS A | Y27183600 |  | 17070 | 458470 | SH |  | SOLE |  | 275195 | 0 | 183275 |
| INTERNATIONAL SEAWAY | COMMON STOCK | Y41053102 |  | 4127 | 56603 | SH |  | SOLE |  | 19907 | 0 | 36696 |

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