# EDGAR Filing Document

**Accession Number:** 0001738726
**File Stem:** 0001738726-23-000001
**Filing Date:** 2023-1
**Character Count:** 35212
**Document Hash:** 1c6c25ad1993011e8907e80dffd15d82
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001738726-23-000001.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001738726-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**EFFECTIVENESS DATE**: 20230123

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ceredex Value Advisors LLC
- **CENTRAL INDEX KEY:** 0001738726
- **IRS NUMBER:** 261482988
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18745
- **FILM NUMBER:** 23542842

**BUSINESS ADDRESS:**
- **STREET 1:** 301 EAST PINE ST.
- **STREET 2:** SUITE 500
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32801
- **BUSINESS PHONE:** 404-566-2129

**MAIL ADDRESS:**
- **STREET 1:** 301 EAST PINE ST.
- **STREET 2:** SUITE 500
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32801

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Ceredex Value Advisors LLC<br>**Address:** 301 EAST PINE ST.<br>SUITE 500<br>ORLANDO, FL 32801

**Form 13F File Number:** 028-18745

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:** Matthew Carney<br>**Title:** CCO<br>**Phone:** 407.492.3282

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

Matthew Carney  Brookhaven, GA  01-23-2023<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:** 1

**Form 13F Information Table Entry Total:** 316

**Form 13F Information Table Value Total:** $6492174216

      (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.]

| No.   | Name                     | Form 13F File Number   |
|:---|:---|:---|
|  | Virtus Fund Advisers LLC | 028-11308              |

### 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 |
| AAON INC | COM PAR $0.004 | 000360206 |  | 3740467 | 49661 | SH |  | OTR |  | 0 | 49661 | 0 |
| AAON INC | COM PAR $0.004 | 000360206 |  | 4718949 | 62652 | SH |  | SOLE |  | 44552 | 0 | 18100 |
| ACADEMY SPORTS  OUTDOORS IN | COM | 00402L107 |  | 12590805 | 239300 | SH |  | OTR |  | 0 | 239300 | 0 |
| ACADEMY SPORTS  OUTDOORS IN | COM | 00402L107 |  | 15503304 | 294663 | SH |  | SOLE |  | 209663 | 0 | 85000 |
| ADVANCE AUTO PARTS INC | COM | 00751Y106 |  | 12698759 | 85623 | SH |  | OTR |  | 0 | 76122 | 9501 |
| ADVANCE AUTO PARTS INC | COM | 00751Y106 |  | 24047936 | 162127 | SH |  | SOLE |  | 162127 | 0 | 0 |
| AGCO CORP | COM | 001084102 |  | 8833998 | 63696 | SH |  | OTR |  | 0 | 63696 | 0 |
| AGCO CORP | COM | 001084102 |  | 11109069 | 80100 | SH |  | SOLE |  | 56900 | 0 | 23200 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 4951221 | 738900 | SH |  | OTR |  | 0 | 738900 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 6200930 | 925909 | SH |  | SOLE |  | 654409 | 0 | 271500 |
| ALLSTATE CORP | COM | 020002101 |  | 71516108 | 524303 | SH |  | OTR |  | 0 | 511692 | 12611 |
| ALLSTATE CORP | COM | 020002101 |  | 36512754 | 267764 | SH |  | SOLE |  | 267764 | 0 | 0 |
| AMEREN CORP | COM | 023608102 |  | 60910200 | 685000 | SH |  | OTR |  | 0 | 685000 | 0 |
| AMEREN CORP | COM | 023608102 |  | 12030876 | 135300 | SH |  | SOLE |  | 135300 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 4821548 | 35122 | SH |  | OTR |  | 0 | 35122 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 6042791 | 44018 | SH |  | SOLE |  | 31618 | 0 | 12400 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 97909609 | 3248494 | SH |  | OTR |  | 0 | 3166511 | 81983 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 57540726 | 1909115 | SH |  | SOLE |  | 1909115 | 0 | 0 |
| AMERIS BANCORP | COM | 03076K108 |  | 5302628 | 112130 | SH |  | OTR |  | 0 | 112130 | 0 |
| AMERIS BANCORP | COM | 03076K108 |  | 6340857 | 134093 | SH |  | SOLE |  | 96193 | 0 | 37900 |
| AMERISAFE INC | COM | 03071H100 |  | 2073239 | 39893 | SH |  | OTR |  | 0 | 39893 | 0 |
| AMERISAFE INC | COM | 03071H100 |  | 2575165 | 49551 | SH |  | SOLE |  | 35551 | 0 | 14000 |
| AMETEK INC | COM | 031100100 |  | 19232318 | 137649 | SH |  | OTR |  | 0 | 122846 | 14803 |
| AMETEK INC | COM | 031100100 |  | 35521714 | 254235 | SH |  | SOLE |  | 254235 | 0 | 0 |
| ANDERSONS INC | COM | 034164103 |  | 4799488 | 136446 | SH |  | OTR |  | 0 | 136446 | 0 |
| ANDERSONS INC | COM | 034164103 |  | 5933008 | 168689 | SH |  | SOLE |  | 120089 | 0 | 48600 |
| APTARGROUP INC | COM | 038336103 |  | 5685966 | 51700 | SH |  | OTR |  | 0 | 51700 | 0 |
| APTARGROUP INC | COM | 038336103 |  | 7090081 | 64467 | SH |  | SOLE |  | 45667 | 0 | 18800 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 7041587 | 102662 | SH |  | OTR |  | 0 | 102662 | 0 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 8836724 | 128834 | SH |  | SOLE |  | 91434 | 0 | 37400 |
| ASHLAND INC | COM | 044186104 |  | 5154881 | 47939 | SH |  | OTR |  | 0 | 47939 | 0 |
| ASHLAND INC | COM | 044186104 |  | 6494382 | 60396 | SH |  | SOLE |  | 42896 | 0 | 17500 |
| ATLANTICA SUSTAINABLE INFR P | SHS | G0751N103 |  | 4960342 | 191519 | SH |  | OTR |  | 0 | 191519 | 0 |
| ATLANTICA SUSTAINABLE INFR P | SHS | G0751N103 |  | 6177875 | 238528 | SH |  | SOLE |  | 169028 | 0 | 69500 |
| AUTOLIV INC | COM | 052800109 |  | 5829116 | 76118 | SH |  | OTR |  | 0 | 76118 | 0 |
| AUTOLIV INC | COM | 052800109 |  | 7128220 | 93082 | SH |  | SOLE |  | 66382 | 0 | 26700 |
| AVIENT CORPORATION | COM | 05368V106 |  | 4040284 | 118804 | SH |  | OTR |  | 0 | 118804 | 0 |
| AVIENT CORPORATION | COM | 05368V106 |  | 5031605 | 147975 | SH |  | SOLE |  | 104875 | 0 | 43100 |
| AZENTA INC | COM | 114340102 |  | 69864000 | 1200000 | SH |  | OTR |  | 0 | 1200000 | 0 |
| AZENTA INC | COM | 114340102 |  | 13940779 | 239450 | SH |  | SOLE |  | 239450 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 74771850 | 2532064 | SH |  | OTR |  | 0 | 2403060 | 129004 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 56688977 | 1919708 | SH |  | SOLE |  | 1919708 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 26312648 | 794464 | SH |  | OTR |  | 0 | 706987 | 87477 |
| BANK AMERICA CORP | COM | 060505104 |  | 49623133 | 1498283 | SH |  | SOLE |  | 1498283 | 0 | 0 |
| BANK HAWAII CORP | COM | 062540109 |  | 4880851 | 62930 | SH |  | OTR |  | 0 | 62930 | 0 |
| BANK HAWAII CORP | COM | 062540109 |  | 6132204 | 79064 | SH |  | SOLE |  | 56264 | 0 | 22800 |
| BAXTER INTL INC | COM | 071813109 |  | 16883551 | 328666 | SH |  | OTR |  | 0 | 292394 | 36272 |
| BAXTER INTL INC | COM | 071813109 |  | 31717141 | 617629 | SH |  | SOLE |  | 617629 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 17969820 | 221600 | SH |  | OTR |  | 0 | 197190 | 24410 |
| BEST BUY INC | COM | 086516101 |  | 33953710 | 418713 | SH |  | SOLE |  | 418713 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 11364145 | 282339 | SH |  | OTR |  | 0 | 251694 | 30645 |
| BORGWARNER INC | COM | 099724106 |  | 21202090 | 526760 | SH |  | SOLE |  | 526760 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 5489489 | 94516 | SH |  | OTR |  | 0 | 94516 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 6808021 | 117218 | SH |  | SOLE |  | 83018 | 0 | 34200 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 62993879 | 677645 | SH |  | OTR |  | 0 | 667493 | 10152 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 27038160 | 290858 | SH |  | SOLE |  | 290858 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 28278000 | 120000 | SH |  | OTR |  | 0 | 120000 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 5478863 | 23250 | SH |  | SOLE |  | 23250 | 0 | 0 |
| CARTERS INC | COM | 146229109 |  | 6198972 | 83085 | SH |  | OTR |  | 0 | 83085 | 0 |
| CARTERS INC | COM | 146229109 |  | 7777719 | 104245 | SH |  | SOLE |  | 74145 | 0 | 30100 |
| CATHAY GEN BANCORP | COM | 149150104 |  | 5839292 | 143155 | SH |  | OTR |  | 0 | 143155 | 0 |
| CATHAY GEN BANCORP | COM | 149150104 |  | 7307080 | 179139 | SH |  | SOLE |  | 127239 | 0 | 51900 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 59230250 | 1975000 | SH |  | OTR |  | 0 | 1975000 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 11696100 | 390000 | SH |  | SOLE |  | 390000 | 0 | 0 |
| CHAMPIONX CORPORATION | COM | 15872M104 |  | 6697067 | 231013 | SH |  | OTR |  | 0 | 231013 | 0 |
| CHAMPIONX CORPORATION | COM | 15872M104 |  | 8399881 | 289751 | SH |  | SOLE |  | 205751 | 0 | 84000 |
| CHESAPEAKE ENERGY CORP | COM | 165167735 |  | 40579100 | 430000 | SH |  | OTR |  | 0 | 430000 | 0 |
| CHESAPEAKE ENERGY CORP | COM | 165167735 |  | 8115820 | 86000 | SH |  | SOLE |  | 86000 | 0 | 0 |
| CHOICE HOTELS INTL INC | COM | 169905106 |  | 4599307 | 40746 | SH |  | OTR |  | 0 | 40746 | 0 |
| CHOICE HOTELS INTL INC | COM | 169905106 |  | 5674907 | 50277 | SH |  | SOLE |  | 35677 | 0 | 14600 |
| CMS ENERGY CORP | COM | 125896100 |  | 80459055 | 1270473 | SH |  | OTR |  | 0 | 1270473 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 55592784 | 877827 | SH |  | SOLE |  | 877827 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 16797199 | 303637 | SH |  | OTR |  | 0 | 271099 | 32538 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 30870994 | 558044 | SH |  | SOLE |  | 558044 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 21997932 | 279197 | SH |  | OTR |  | 0 | 242632 | 36565 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 41078821 | 521371 | SH |  | SOLE |  | 521371 | 0 | 0 |
| COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 |  | 8584733 | 93120 | SH |  | OTR |  | 0 | 93120 | 0 |
| COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 |  | 10695533 | 116020 | SH |  | SOLE |  | 82320 | 0 | 33700 |
| COMERICA INC | COM | 200340107 |  | 5478557 | 81244 | SH |  | OTR |  | 0 | 81244 | 0 |
| COMERICA INC | COM | 200340107 |  | 6839627 | 101459 | SH |  | SOLE |  | 71559 | 0 | 29900 |
| COOPER COS INC | COM NEW | 216648402 |  | 64979962 | 196510 | SH |  | OTR |  | 0 | 193559 | 2951 |
| COOPER COS INC | COM NEW | 216648402 |  | 27933348 | 84475 | SH |  | SOLE |  | 84475 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 24329611 | 179369 | SH |  | OTR |  | 0 | 159708 | 19661 |
| CROWN CASTLE INC | COM | 22822V101 |  | 45620344 | 336334 | SH |  | SOLE |  | 336334 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 12392418 | 150741 | SH |  | OTR |  | 0 | 134245 | 16496 |
| CROWN HLDGS INC | COM | 228368106 |  | 23207965 | 282301 | SH |  | SOLE |  | 282301 | 0 | 0 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 5647755 | 42242 | SH |  | OTR |  | 0 | 42242 | 0 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 6975396 | 52172 | SH |  | SOLE |  | 37072 | 0 | 15100 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 5333327 | 31938 | SH |  | OTR |  | 0 | 31938 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 6613472 | 39604 | SH |  | SOLE |  | 28004 | 0 | 11600 |
| DENTSPLY SIRONA INC | COM | 24906P109 |  | 8068445 | 252415 | SH |  | OTR |  | 0 | 252415 | 0 |
| DENTSPLY SIRONA INC | COM | 24906P109 |  | 10114522 | 316450 | SH |  | SOLE |  | 223550 | 0 | 92900 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 |  | 10292703 | 145913 | SH |  | OTR |  | 0 | 145913 | 0 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 |  | 12553157 | 177958 | SH |  | SOLE |  | 126858 | 0 | 51100 |
| EASTMAN CHEM CO | COM | 277432100 |  | 53558559 | 651353 | SH |  | OTR |  | 0 | 629182 | 22171 |
| EASTMAN CHEM CO | COM | 277432100 |  | 38484016 | 468002 | SH |  | SOLE |  | 468002 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 9242805 | 62405 | SH |  | OTR |  | 0 | 62405 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 11693877 | 78954 | SH |  | SOLE |  | 55954 | 0 | 23000 |
| EMERSON ELEC CO | COM | 291011104 |  | 38488264 | 400669 | SH |  | OTR |  | 0 | 390663 | 10006 |
| EMERSON ELEC CO | COM | 291011104 |  | 22336544 | 232527 | SH |  | SOLE |  | 232527 | 0 | 0 |
| ENERGIZER HLDGS INC NEW | COM | 29272W109 |  | 7576563 | 225829 | SH |  | OTR |  | 0 | 225829 | 0 |
| ENERGIZER HLDGS INC NEW | COM | 29272W109 |  | 9479854 | 282559 | SH |  | SOLE |  | 200559 | 0 | 82000 |
| ENERSYS | COM | 29275Y102 |  | 7722778 | 104588 | SH |  | OTR |  | 0 | 104588 | 0 |
| ENERSYS | COM | 29275Y102 |  | 9692091 | 131258 | SH |  | SOLE |  | 93158 | 0 | 38100 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 59062500 | 525000 | SH |  | OTR |  | 0 | 525000 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 11683125 | 103850 | SH |  | SOLE |  | 103850 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 15389825 | 118822 | SH |  | OTR |  | 0 | 118822 | 0 |
| EOG RES INC | COM | 26875P101 |  | 32736698 | 252754 | SH |  | SOLE |  | 252754 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 31097600 | 160000 | SH |  | OTR |  | 0 | 160000 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 6136917 | 31575 | SH |  | SOLE |  | 31575 | 0 | 0 |
| EVERCORE INC | CLASS A | 29977A105 |  | 2549854 | 23376 | SH |  | OTR |  | 0 | 23376 | 0 |
| EVERCORE INC | CLASS A | 29977A105 |  | 3198662 | 29324 | SH |  | SOLE |  | 21124 | 0 | 8200 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 82284953 | 559077 | SH |  | OTR |  | 0 | 541693 | 17384 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 55323932 | 375893 | SH |  | SOLE |  | 375893 | 0 | 0 |
| F N B CORP | COM | 302520101 |  | 6043664 | 463116 | SH |  | OTR |  | 0 | 463116 | 0 |
| F N B CORP | COM | 302520101 |  | 7507756 | 575307 | SH |  | SOLE |  | 409407 | 0 | 165900 |
| FIRST CTZNS BANCSHARES INC N | CL A | 31946M103 |  | 9841996 | 12978 | SH |  | OTR |  | 0 | 12978 | 0 |
| FIRST CTZNS BANCSHARES INC N | CL A | 31946M103 |  | 12718456 | 16771 | SH |  | SOLE |  | 12071 | 0 | 4700 |
| FIRST HAWAIIAN INC | COM | 32051X108 |  | 6214498 | 238652 | SH |  | OTR |  | 0 | 238652 | 0 |
| FIRST HAWAIIAN INC | COM | 32051X108 |  | 7771352 | 298439 | SH |  | SOLE |  | 211939 | 0 | 86500 |
| FIRST INTST BANCSYSTEM INC | COM CL A | 32055Y201 |  | 8618873 | 222998 | SH |  | OTR |  | 0 | 222998 | 0 |
| FIRST INTST BANCSYSTEM INC | COM CL A | 32055Y201 |  | 10460777 | 270654 | SH |  | SOLE |  | 193354 | 0 | 77300 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 |  | 28644150 | 235000 | SH |  | OTR |  | 0 | 235000 | 0 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 |  | 5741019 | 47100 | SH |  | SOLE |  | 47100 | 0 | 0 |
| FIRSTSERVICE CORP NEW | COM | 33767E202 |  | 5269888 | 42931 | SH |  | OTR |  | 0 | 42931 | 0 |
| FIRSTSERVICE CORP NEW | COM | 33767E202 |  | 6440740 | 52471 | SH |  | SOLE |  | 37271 | 0 | 15200 |
| FOOT LOCKER INC | COM | 344849104 |  | 7113665 | 188242 | SH |  | OTR |  | 0 | 188242 | 0 |
| FOOT LOCKER INC | COM | 344849104 |  | 8885449 | 235127 | SH |  | SOLE |  | 167427 | 0 | 67700 |
| FORTIVE CORP | COM | 34959J108 |  | 46839985 | 729027 | SH |  | OTR |  | 0 | 710931 | 18096 |
| FORTIVE CORP | COM | 34959J108 |  | 26945936 | 419392 | SH |  | SOLE |  | 419392 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 9429738 | 248151 | SH |  | OTR |  | 0 | 221055 | 27096 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 17710242 | 466059 | SH |  | SOLE |  | 466059 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 37216500 | 150000 | SH |  | OTR |  | 0 | 150000 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 7257218 | 29250 | SH |  | SOLE |  | 29250 | 0 | 0 |
| GENPACT LIMITED | SHS | G3922B107 |  | 5274875 | 113879 | SH |  | OTR |  | 0 | 113879 | 0 |
| GENPACT LIMITED | SHS | G3922B107 |  | 6575587 | 141960 | SH |  | SOLE |  | 100460 | 0 | 41500 |
| GENTEX CORP | COM | 371901109 |  | 46359000 | 1700000 | SH |  | OTR |  | 0 | 1700000 | 0 |
| GENTEX CORP | COM | 371901109 |  | 9236349 | 338700 | SH |  | SOLE |  | 338700 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 101479912 | 1021747 | SH |  | OTR |  | 0 | 1001179 | 20568 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 51313281 | 516646 | SH |  | SOLE |  | 516646 | 0 | 0 |
| GREAT LAKES DREDGE  DOCK CO | COM | 390607109 |  | 613 | 103 | SH |  | SOLE |  | 103 | 0 | 0 |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 |  | 52698825 | 690000 | SH |  | OTR |  | 0 | 690000 | 0 |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 |  | 10474630 | 137150 | SH |  | SOLE |  | 137150 | 0 | 0 |
| HEALTHCARE RLTY TR | CL A COM | 42226K105 |  | 65518000 | 3400000 | SH |  | OTR |  | 0 | 3400000 | 0 |
| HEALTHCARE RLTY TR | CL A COM | 42226K105 |  | 13134432 | 681600 | SH |  | SOLE |  | 681600 | 0 | 0 |
| HELIOS TECHNOLOGIES INC | COM | 42328H109 |  | 34025 | 625 | SH |  | SOLE |  | 625 | 0 | 0 |
| HERC HLDGS INC | COM | 42704L104 |  | 28287550 | 215000 | SH |  | OTR |  | 0 | 215000 | 0 |
| HERC HLDGS INC | COM | 42704L104 |  | 5677246 | 43150 | SH |  | SOLE |  | 43150 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 53891600 | 380000 | SH |  | OTR |  | 0 | 380000 | 0 |
| HESS CORP | COM | 42809H107 |  | 10586863 | 74650 | SH |  | SOLE |  | 74650 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 23556070 | 109921 | SH |  | OTR |  | 0 | 97790 | 12131 |
| HONEYWELL INTL INC | COM | 438516106 |  | 44343385 | 206922 | SH |  | SOLE |  | 206922 | 0 | 0 |
| HORACE MANN EDUCATORS CORP N | COM | 440327104 |  | 5162217 | 138138 | SH |  | OTR |  | 0 | 138138 | 0 |
| HORACE MANN EDUCATORS CORP N | COM | 440327104 |  | 6309401 | 168836 | SH |  | SOLE |  | 120536 | 0 | 48300 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 40789350 | 1035000 | SH |  | OTR |  | 0 | 1035000 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 8138165 | 206500 | SH |  | SOLE |  | 206500 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 8143846 | 35667 | SH |  | OTR |  | 0 | 31694 | 3973 |
| IDEX CORP | COM | 45167R104 |  | 15411818 | 67498 | SH |  | SOLE |  | 67498 | 0 | 0 |
| INTERCONTINENTAL HOTELS GROU | SPONSORED ADS | 45857P806 |  | 5555193 | 95221 | SH |  | OTR |  | 0 | 95221 | 0 |
| INTERCONTINENTAL HOTELS GROU | SPONSORED ADS | 45857P806 |  | 6919999 | 118615 | SH |  | SOLE |  | 84015 | 0 | 34600 |
| INTERFACE INC | COM | 458665304 |  | 3899903 | 395127 | SH |  | OTR |  | 0 | 395127 | 0 |
| INTERFACE INC | COM | 458665304 |  | 4819945 | 488343 | SH |  | SOLE |  | 347843 | 0 | 140500 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 57889375 | 547971 | SH |  | OTR |  | 0 | 529272 | 18699 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 41637378 | 394106 | SH |  | SOLE |  | 394106 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 12383299 | 103134 | SH |  | OTR |  | 0 | 86948 | 16186 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 21810956 | 181652 | SH |  | SOLE |  | 181652 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 24456085 | 182372 | SH |  | OTR |  | 0 | 162610 | 19762 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 45461241 | 339010 | SH |  | SOLE |  | 339010 | 0 | 0 |
| KBR INC | COM | 48242W106 |  | 6768654 | 127944 | SH |  | OTR |  | 0 | 127944 | 0 |
| KBR INC | COM | 48242W106 |  | 8475643 | 160218 | SH |  | SOLE |  | 113118 | 0 | 47100 |
| KEMPER CORP | COM | 488401100 |  | 29520 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 |  | 5246323 | 158595 | SH |  | OTR |  | 0 | 158595 | 0 |
| KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 |  | 6573955 | 198729 | SH |  | SOLE |  | 140329 | 0 | 58400 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 4933313 | 18864 | SH |  | OTR |  | 0 | 18864 | 0 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 6078771 | 23244 | SH |  | SOLE |  | 16244 | 0 | 7000 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 |  | 39180563 | 747578 | SH |  | OTR |  | 0 | 728359 | 19219 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 |  | 23232148 | 443277 | SH |  | SOLE |  | 443277 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 60766713 | 291853 | SH |  | OTR |  | 0 | 277905 | 13948 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 44760569 | 214978 | SH |  | SOLE |  | 214978 | 0 | 0 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 8375923 | 88728 | SH |  | OTR |  | 0 | 88728 | 0 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 10425064 | 110435 | SH |  | SOLE |  | 78135 | 0 | 32300 |
| LEMAITRE VASCULAR INC | COM | 525558201 |  | 1856953 | 40351 | SH |  | OTR |  | 0 | 40351 | 0 |
| LEMAITRE VASCULAR INC | COM | 525558201 |  | 2295432 | 49879 | SH |  | SOLE |  | 35279 | 0 | 14600 |
| LENNAR CORP | CL A | 526057104 |  | 29412500 | 325000 | SH |  | OTR |  | 0 | 325000 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 5880238 | 64975 | SH |  | SOLE |  | 64975 | 0 | 0 |
| LITTELFUSE INC | COM | 537008104 |  | 7093082 | 32212 | SH |  | OTR |  | 0 | 32212 | 0 |
| LITTELFUSE INC | COM | 537008104 |  | 8895419 | 40397 | SH |  | SOLE |  | 28697 | 0 | 11700 |
| MADDEN STEVEN LTD | COM | 556269108 |  | 4145596 | 129712 | SH |  | OTR |  | 0 | 129712 | 0 |
| MADDEN STEVEN LTD | COM | 556269108 |  | 5162307 | 161524 | SH |  | SOLE |  | 114424 | 0 | 47100 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 57454900 | 170000 | SH |  | OTR |  | 0 | 170000 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 11490980 | 34000 | SH |  | SOLE |  | 34000 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 40437198 | 1091717 | SH |  | OTR |  | 0 | 1053490 | 38227 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 29773271 | 803814 | SH |  | SOLE |  | 803814 | 0 | 0 |
| MATTHEWS INTL CORP | CL A | 577128101 |  | 2631660 | 86454 | SH |  | OTR |  | 0 | 86454 | 0 |
| MATTHEWS INTL CORP | CL A | 577128101 |  | 3225788 | 105972 | SH |  | SOLE |  | 75372 | 0 | 30600 |
| MINERALS TECHNOLOGIES INC | COM | 603158106 |  | 7046374 | 116047 | SH |  | OTR |  | 0 | 116047 | 0 |
| MINERALS TECHNOLOGIES INC | COM | 603158106 |  | 8776590 | 144542 | SH |  | SOLE |  | 103242 | 0 | 41300 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 60306634 | 233193 | SH |  | OTR |  | 0 | 228741 | 4452 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 26250556 | 101466 | SH |  | SOLE |  | 101466 | 0 | 0 |
| NATIONAL INSTRS CORP | COM | 636518102 |  | 5943188 | 161062 | SH |  | OTR |  | 0 | 161062 | 0 |
| NATIONAL INSTRS CORP | COM | 636518102 |  | 7485128 | 202849 | SH |  | SOLE |  | 144349 | 0 | 58500 |
| NATIONAL RETAIL PROPERTIES I | COM | 637417106 |  | 59488000 | 1300000 | SH |  | OTR |  | 0 | 1300000 | 0 |
| NATIONAL RETAIL PROPERTIES I | COM | 637417106 |  | 11389664 | 248900 | SH |  | SOLE |  | 248900 | 0 | 0 |
| NEWMARK GROUP INC | CL A | 65158N102 |  | 4551141 | 571034 | SH |  | OTR |  | 0 | 571034 | 0 |
| NEWMARK GROUP INC | CL A | 65158N102 |  | 5707221 | 716088 | SH |  | SOLE |  | 507288 | 0 | 208800 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 13395638 | 54361 | SH |  | OTR |  | 0 | 46095 | 8266 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 24009686 | 97434 | SH |  | SOLE |  | 97434 | 0 | 0 |
| NOV INC | COM | 62955J103 |  | 5468939 | 261797 | SH |  | OTR |  | 0 | 261797 | 0 |
| NOV INC | COM | 62955J103 |  | 6858647 | 328322 | SH |  | SOLE |  | 231922 | 0 | 96400 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 5828823 | 208694 | SH |  | OTR |  | 0 | 208694 | 0 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 7261186 | 259978 | SH |  | SOLE |  | 184278 | 0 | 75700 |
| OVINTIV INC | COM | 69047Q102 |  | 12810918 | 252631 | SH |  | OTR |  | 0 | 252631 | 0 |
| OVINTIV INC | COM | 69047Q102 |  | 16069188 | 316884 | SH |  | SOLE |  | 225254 | 0 | 91630 |
| OWENS CORNING NEW | COM | 690742101 |  | 7883938 | 92426 | SH |  | OTR |  | 0 | 92426 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 9792525 | 114801 | SH |  | SOLE |  | 81601 | 0 | 33200 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 42005559 | 144349 | SH |  | OTR |  | 0 | 139506 | 4843 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 29852235 | 102585 | SH |  | SOLE |  | 102585 | 0 | 0 |
| PATTERSON COS INC | COM | 703395103 |  | 7792032 | 277989 | SH |  | OTR |  | 0 | 277989 | 0 |
| PATTERSON COS INC | COM | 703395103 |  | 9792028 | 349341 | SH |  | SOLE |  | 247741 | 0 | 101600 |
| PERKINELMER INC | COM | 714046109 |  | 52975116 | 377800 | SH |  | OTR |  | 0 | 367503 | 10297 |
| PERKINELMER INC | COM | 714046109 |  | 32741931 | 233504 | SH |  | SOLE |  | 233504 | 0 | 0 |
| PERRIGO CO PLC | SHS | G97822103 |  | 17046330 | 500039 | SH |  | OTR |  | 0 | 500039 | 0 |
| PERRIGO CO PLC | SHS | G97822103 |  | 21391986 | 627515 | SH |  | SOLE |  | 443415 | 0 | 184100 |
| PHYSICIANS RLTY TR | COM | 71943U104 |  | 5267992 | 364063 | SH |  | OTR |  | 0 | 364063 | 0 |
| PHYSICIANS RLTY TR | COM | 71943U104 |  | 6578612 | 454638 | SH |  | SOLE |  | 322038 | 0 | 132600 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 43433500 | 275000 | SH |  | OTR |  | 0 | 275000 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 8615627 | 54550 | SH |  | SOLE |  | 54550 | 0 | 0 |
| POWER INTEGRATIONS INC | COM | 739276103 |  | 10248143 | 142891 | SH |  | OTR |  | 0 | 142891 | 0 |
| POWER INTEGRATIONS INC | COM | 739276103 |  | 12988420 | 181099 | SH |  | SOLE |  | 128461 | 0 | 52638 |
| PPG INDS INC | COM | 693506107 |  | 44009000 | 350000 | SH |  | OTR |  | 0 | 350000 | 0 |
| PPG INDS INC | COM | 693506107 |  | 8292553 | 65950 | SH |  | SOLE |  | 65950 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 83064673 | 2820320 | SH |  | OTR |  | 0 | 2820320 | 0 |
| PPL CORP | COM | 69351T106 |  | 57055164 | 1937677 | SH |  | SOLE |  | 1937677 | 0 | 0 |
| PRICESMART INC | COM | 741511109 |  | 2450771 | 40322 | SH |  | OTR |  | 0 | 40322 | 0 |
| PRICESMART INC | COM | 741511109 |  | 2923214 | 48095 | SH |  | SOLE |  | 34295 | 0 | 13800 |
| PROGRESS SOFTWARE CORP | COM | 743312100 |  | 6126244 | 121432 | SH |  | OTR |  | 0 | 121432 | 0 |
| PROGRESS SOFTWARE CORP | COM | 743312100 |  | 7486074 | 148386 | SH |  | SOLE |  | 105786 | 0 | 42600 |
| PROGRESSIVE CORP | COM | 743315103 |  | 21464541 | 165481 | SH |  | OTR |  | 0 | 145532 | 19949 |
| PROGRESSIVE CORP | COM | 743315103 |  | 39411605 | 303844 | SH |  | SOLE |  | 303844 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 15962230 | 141597 | SH |  | OTR |  | 0 | 125971 | 15626 |
| PROLOGIS INC. | COM | 74340W103 |  | 29940524 | 265595 | SH |  | SOLE |  | 265595 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 26430346 | 240407 | SH |  | OTR |  | 0 | 214098 | 26309 |
| QUALCOMM INC | COM | 747525103 |  | 49597122 | 451129 | SH |  | SOLE |  | 451129 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 29941800 | 210000 | SH |  | OTR |  | 0 | 210000 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 5884990 | 41275 | SH |  | SOLE |  | 41275 | 0 | 0 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 |  | 6311922 | 44422 | SH |  | OTR |  | 0 | 44422 | 0 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 |  | 7710798 | 54267 | SH |  | SOLE |  | 38567 | 0 | 15700 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 31076400 | 240000 | SH |  | OTR |  | 0 | 240000 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 6409508 | 49500 | SH |  | SOLE |  | 49500 | 0 | 0 |
| REXFORD INDL RLTY INC | COM | 76169C100 |  | 68693750 | 1250000 | SH |  | OTR |  | 0 | 1250000 | 0 |
| REXFORD INDL RLTY INC | COM | 76169C100 |  | 13568390 | 246900 | SH |  | SOLE |  | 246900 | 0 | 0 |
| REYNOLDS CONSUMER PRODS INC | COM | 76171L106 |  | 32978 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| RITCHIE BROS AUCTIONEERS | COM | 767744105 |  | 10747243 | 185842 | SH |  | OTR |  | 0 | 185842 | 0 |
| RITCHIE BROS AUCTIONEERS | COM | 767744105 |  | 13454092 | 232649 | SH |  | SOLE |  | 164349 | 0 | 68300 |
| RLI CORP | COM | 749607107 |  | 4297255 | 32736 | SH |  | OTR |  | 0 | 32736 | 0 |
| RLI CORP | COM | 749607107 |  | 5303571 | 40402 | SH |  | SOLE |  | 28502 | 0 | 11900 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 29620550 | 115000 | SH |  | OTR |  | 0 | 115000 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 5891914 | 22875 | SH |  | SOLE |  | 22875 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 47529900 | 110000 | SH |  | OTR |  | 0 | 110000 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 9516782 | 22025 | SH |  | SOLE |  | 22025 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 65872850 | 235000 | SH |  | OTR |  | 0 | 235000 | 0 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 13160555 | 46950 | SH |  | SOLE |  | 46950 | 0 | 0 |
| SCHOLASTIC CORP | COM | 807066105 |  | 4010991 | 101647 | SH |  | OTR |  | 0 | 101647 | 0 |
| SCHOLASTIC CORP | COM | 807066105 |  | 4991808 | 126503 | SH |  | SOLE |  | 90303 | 0 | 36200 |
| SCIENCE APPLICATIONS INTL CO | COM | 808625107 |  | 6151623 | 55455 | SH |  | OTR |  | 0 | 55455 | 0 |
| SCIENCE APPLICATIONS INTL CO | COM | 808625107 |  | 7613459 | 68633 | SH |  | SOLE |  | 48733 | 0 | 19900 |
| SEACOAST BKG CORP FLA | COM NEW | 811707801 |  | 5039555 | 161576 | SH |  | OTR |  | 0 | 161576 | 0 |
| SEACOAST BKG CORP FLA | COM NEW | 811707801 |  | 6208557 | 199056 | SH |  | SOLE |  | 142456 | 0 | 56600 |
| SEI INVTS CO | COM | 784117103 |  | 8650406 | 147289 | SH |  | OTR |  | 0 | 147289 | 0 |
| SEI INVTS CO | COM | 784117103 |  | 10854159 | 184839 | SH |  | SOLE |  | 131239 | 0 | 53600 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 58759823 | 247587 | SH |  | OTR |  | 0 | 239513 | 8074 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 40743153 | 171673 | SH |  | SOLE |  | 171673 | 0 | 0 |
| SIGNET JEWELERS LIMITED | SHS | G81276100 |  | 6211596 | 91347 | SH |  | OTR |  | 0 | 91347 | 0 |
| SIGNET JEWELERS LIMITED | SHS | G81276100 |  | 7739896 | 113822 | SH |  | SOLE |  | 81022 | 0 | 32800 |
| SLM CORP | COM | 78442P106 |  | 7661182 | 461517 | SH |  | OTR |  | 0 | 461517 | 0 |
| SLM CORP | COM | 78442P106 |  | 9578665 | 577028 | SH |  | SOLE |  | 409528 | 0 | 167500 |
| SMITH A O CORP | COM | 831865209 |  | 6746593 | 117865 | SH |  | OTR |  | 0 | 117865 | 0 |
| SMITH A O CORP | COM | 831865209 |  | 8371064 | 146245 | SH |  | SOLE |  | 104045 | 0 | 42200 |
| STANTEC INC | COM | 85472N109 |  | 11126910 | 231459 | SH |  | OTR |  | 0 | 231459 | 0 |
| STANTEC INC | COM | 85472N109 |  | 13856871 | 288263 | SH |  | SOLE |  | 205363 | 0 | 82900 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 9761260 | 297056 | SH |  | OTR |  | 0 | 264507 | 32549 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 18269930 | 555993 | SH |  | SOLE |  | 555993 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 70670148 | 474169 | SH |  | OTR |  | 0 | 461574 | 12595 |
| TARGET CORP | COM | 87612E106 |  | 42793557 | 287128 | SH |  | SOLE |  | 287128 | 0 | 0 |
| TELEFLEX INCORPORATED | COM | 879369106 |  | 51239303 | 205261 | SH |  | OTR |  | 0 | 196955 | 8306 |
| TELEFLEX INCORPORATED | COM | 879369106 |  | 41771836 | 167335 | SH |  | SOLE |  | 167335 | 0 | 0 |
| TEMPUR SEALY INTL INC | COM | 88023U101 |  | 5057564 | 147322 | SH |  | OTR |  | 0 | 147322 | 0 |
| TEMPUR SEALY INTL INC | COM | 88023U101 |  | 6096115 | 177574 | SH |  | SOLE |  | 126763 | 0 | 50811 |
| TERADYNE INC | COM | 880770102 |  | 12582243 | 144044 | SH |  | OTR |  | 0 | 127930 | 16114 |
| TERADYNE INC | COM | 880770102 |  | 24011729 | 274891 | SH |  | SOLE |  | 274891 | 0 | 0 |
| TOLL BROTHERS INC | COM | 889478103 |  | 56135140 | 1124502 | SH |  | OTR |  | 0 | 1099498 | 25004 |
| TOLL BROTHERS INC | COM | 889478103 |  | 30166307 | 604293 | SH |  | SOLE |  | 604293 | 0 | 0 |
| TORO CO | COM | 891092108 |  | 7917757 | 69735 | SH |  | OTR |  | 0 | 69735 | 0 |
| TORO CO | COM | 891092108 |  | 10023030 | 88283 | SH |  | SOLE |  | 62583 | 0 | 25700 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 27734850 | 165000 | SH |  | OTR |  | 0 | 165000 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 5446116 | 32400 | SH |  | SOLE |  | 32400 | 0 | 0 |
| VALMONT INDS INC | COM | 920253101 |  | 5686054 | 17167 | SH |  | OTR |  | 0 | 17167 | 0 |
| VALMONT INDS INC | COM | 920253101 |  | 6971288 | 21048 | SH |  | SOLE |  | 14848 | 0 | 6200 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 20346909 | 516419 | SH |  | OTR |  | 0 | 448259 | 68160 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 35688244 | 905793 | SH |  | SOLE |  | 905793 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 5075789 | 218784 | SH |  | OTR |  | 0 | 218784 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 6323067 | 272546 | SH |  | SOLE |  | 193146 | 0 | 79400 |
| VOYA FINANCIAL INC | COM | 929089100 |  | 4894604 | 79600 | SH |  | OTR |  | 0 | 79600 | 0 |
| VOYA FINANCIAL INC | COM | 929089100 |  | 6011385 | 97762 | SH |  | SOLE |  | 69562 | 0 | 28200 |
| VULCAN MATLS CO | COM | 929160109 |  | 16943293 | 96758 | SH |  | OTR |  | 0 | 86186 | 10572 |
| VULCAN MATLS CO | COM | 929160109 |  | 31798225 | 181590 | SH |  | SOLE |  | 181590 | 0 | 0 |
| WATTS WATER TECHNOLOGIES INC | CL A | 942749102 |  | 6016341 | 41143 | SH |  | OTR |  | 0 | 41143 | 0 |
| WATTS WATER TECHNOLOGIES INC | CL A | 942749102 |  | 7366629 | 50377 | SH |  | SOLE |  | 35777 | 0 | 14600 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 71553732 | 291580 | SH |  | OTR |  | 0 | 278155 | 13425 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 50653014 | 206410 | SH |  | SOLE |  | 206410 | 0 | 0 |
| WORLD FUEL SVCS CORP | COM | 981475106 |  | 5539766 | 201664 | SH |  | OTR |  | 0 | 201664 | 0 |
| WORLD FUEL SVCS CORP | COM | 981475106 |  | 6781092 | 246880 | SH |  | SOLE |  | 176280 | 0 | 70600 |
| XCEL ENERGY INC | COM | 98389B100 |  | 61066838 | 865000 | SH |  | OTR |  | 0 | 865000 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 12061583 | 170850 | SH |  | SOLE |  | 170850 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 99429725 | 778386 | SH |  | OTR |  | 0 | 756492 | 21894 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 62542426 | 489607 | SH |  | SOLE |  | 489607 | 0 | 0 |

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