# EDGAR Filing Document

**Accession Number:** 0002045792
**File Stem:** 0002045792-25-000005
**Filing Date:** 2025-7
**Character Count:** 21684
**Document Hash:** 7c0456d5b715c4d321dc91ed929e00da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002045792-25-000005.hdr.sgml**: 20250710

**ACCESSION NUMBER**: 0002045792-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250710

**DATE AS OF CHANGE**: 20250710

**EFFECTIVENESS DATE**: 20250710

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Longboard Asset Management, LP
- **CENTRAL INDEX KEY:** 0002045792

**ORGANIZATION NAME:**
- **EIN:** 273833562
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24621
- **FILM NUMBER:** 251115185

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 97730
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85060
- **BUSINESS PHONE:** 800-290-8319

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 97730
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85060

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Longboard Asset Management LP<br>**Address:** P.O. BOX 97730<br>PHOENIX, AZ 85060

**Form 13F File Number:** 028-24621

**CRD Number (if applicable):** 000155617

**SEC File Number (if applicable):** 801-72623

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:** Curtis Christnesen<br>**Title:** Chief Compliance Officer<br>**Phone:** 4807174777

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

Curtis Christensen  Phoenix, AZ  07-10-2025<br>[Signature]  [City, State]  [Date]

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

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

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

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

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 168

**Form 13F Information Table Value Total:** $40239107

      (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 |
| Automatic Data Processing Inc. | COMMON STOCKS | 053015103 |  | 364529 | 1182 | SH |  | SOLE |  | 1182 | 0 | 0 |
| Boston Scientific Corporation | COMMON STOCKS | 101137107 |  | 357460 | 3328 | SH |  | SOLE |  | 3328 | 0 | 0 |
| Starwood Property Trust Inc. | REIT | 85571B105 |  | 348194 | 17349 | SH |  | SOLE |  | 17349 | 0 | 0 |
| Phillips Edison  Company Inc. | REIT | 71844V201 |  | 317197 | 9055 | SH |  | SOLE |  | 9055 | 0 | 0 |
| Bank of New York Mellon Corporation (The) | COMMON STOCKS | 064058100 |  | 316516 | 3474 | SH |  | SOLE |  | 3474 | 0 | 0 |
| Atlanta Braves Holdings Inc. | COMMON STOCKS | 047726302 |  | 315417 | 6744 | SH |  | SOLE |  | 6744 | 0 | 0 |
| Roper Technologies Inc. | COMMON STOCKS | 776696106 |  | 314029 | 554 | SH |  | SOLE |  | 554 | 0 | 0 |
| International Business Machines Corporation | COMMON STOCKS | 459200101 |  | 307750 | 1044 | SH |  | SOLE |  | 1044 | 0 | 0 |
| Antero Midstream Corporation | COMMON STOCKS | 03676B102 |  | 301892 | 15931 | SH |  | SOLE |  | 15931 | 0 | 0 |
| Casey's General Stores Inc. | COMMON STOCKS | 147528103 |  | 297487 | 583 | SH |  | SOLE |  | 583 | 0 | 0 |
| AT Inc. | COMMON STOCKS | 00206R102 |  | 296751 | 10254 | SH |  | SOLE |  | 10254 | 0 | 0 |
| Arthur J Gallagher  Company | COMMON STOCKS | 363576109 |  | 295791 | 924 | SH |  | SOLE |  | 924 | 0 | 0 |
| SEI Investments Company | COMMON STOCKS | 784117103 |  | 293842 | 3270 | SH |  | SOLE |  | 3270 | 0 | 0 |
| TTM Technologies Inc. | COMMON STOCKS | 87305R109 |  | 293373 | 7187 | SH |  | SOLE |  | 7187 | 0 | 0 |
| TJX Companies Inc. (The) | COMMON STOCKS | 872540109 |  | 291313 | 2359 | SH |  | SOLE |  | 2359 | 0 | 0 |
| W R Berkley Corporation | COMMON STOCKS | 084423102 |  | 290941 | 3960 | SH |  | SOLE |  | 3960 | 0 | 0 |
| Progressive Corporation (The) | COMMON STOCKS | 743315103 |  | 290877 | 1090 | SH |  | SOLE |  | 1090 | 0 | 0 |
| NiSource Inc. | COMMON STOCKS | 65473P105 |  | 290448 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| New York Times Company (The) | COMMON STOCKS | 650111107 |  | 289976 | 5180 | SH |  | SOLE |  | 5180 | 0 | 0 |
| Travelers Companies Inc. (The) | COMMON STOCKS | 89417E109 |  | 287338 | 1074 | SH |  | SOLE |  | 1074 | 0 | 0 |
| Monster Beverage Corporation | COMMON STOCKS | 61174X109 |  | 287142 | 4584 | SH |  | SOLE |  | 4584 | 0 | 0 |
| Citigroup Inc. | COMMON STOCKS | 172967424 |  | 287110 | 3373 | SH |  | SOLE |  | 3373 | 0 | 0 |
| Intercontinental Exchange Inc. | COMMON STOCKS | 45866F104 |  | 286397 | 1561 | SH |  | SOLE |  | 1561 | 0 | 0 |
| Cardinal Health Inc. | COMMON STOCKS | 14149Y108 |  | 280056 | 1667 | SH |  | SOLE |  | 1667 | 0 | 0 |
| Box Inc. | COMMON STOCKS | 10316T104 |  | 276640 | 8096 | SH |  | SOLE |  | 8096 | 0 | 0 |
| Perdoceo Education Corporation | COMMON STOCKS | 71363P106 |  | 276296 | 8452 | SH |  | SOLE |  | 8452 | 0 | 0 |
| State Street Corporation | COMMON STOCKS | 857477103 |  | 275846 | 2594 | SH |  | SOLE |  | 2594 | 0 | 0 |
| Altria Group Inc. | COMMON STOCKS | 02209S103 |  | 273626 | 4667 | SH |  | SOLE |  | 4667 | 0 | 0 |
| Goldman Sachs Group Inc. (The) | COMMON STOCKS | 38141G104 |  | 273192 | 386 | SH |  | SOLE |  | 386 | 0 | 0 |
| Spotify Technology S.A. | COMMON STOCKS | L8681T102 |  | 273173 | 356 | SH |  | SOLE |  | 356 | 0 | 0 |
| RB Global Inc. | COMMON STOCKS | 74935Q107 |  | 272271 | 2564 | SH |  | SOLE |  | 2564 | 0 | 0 |
| Liberty Media Corp-Liberty Formula One | COMMON STOCKS | 531229771 |  | 272250 | 2867 | SH |  | SOLE |  | 2867 | 0 | 0 |
| Republic Services Inc. | COMMON STOCKS | 760759100 |  | 272011 | 1103 | SH |  | SOLE |  | 1103 | 0 | 0 |
| CME Group Inc. | COMMON STOCKS | 12572Q105 |  | 271210 | 984 | SH |  | SOLE |  | 984 | 0 | 0 |
| NewMarket Corporation | COMMON STOCKS | 651587107 |  | 268745 | 389 | SH |  | SOLE |  | 389 | 0 | 0 |
| Old Republic International Corporation | COMMON STOCKS | 680223104 |  | 268503 | 6985 | SH |  | SOLE |  | 6985 | 0 | 0 |
| Fox Corporation | COMMON STOCKS | 35137L105 |  | 267591 | 4775 | SH |  | SOLE |  | 4775 | 0 | 0 |
| Aramark | COMMON STOCKS | 03852U106 |  | 265833 | 6349 | SH |  | SOLE |  | 6349 | 0 | 0 |
| SiriusPoint Ltd. | COMMON STOCKS | G8192H106 |  | 263663 | 12931 | SH |  | SOLE |  | 12931 | 0 | 0 |
| Grand Canyon Education Inc. | COMMON STOCKS | 38526M106 |  | 263655 | 1395 | SH |  | SOLE |  | 1395 | 0 | 0 |
| Hartford Insurance Group Inc. (The) | COMMON STOCKS | 416515104 |  | 263002 | 2073 | SH |  | SOLE |  | 2073 | 0 | 0 |
| Allstate Corporation (The) | COMMON STOCKS | 020002101 |  | 261904 | 1301 | SH |  | SOLE |  | 1301 | 0 | 0 |
| Entergy Corporation | COMMON STOCKS | 29364G103 |  | 261828 | 3150 | SH |  | SOLE |  | 3150 | 0 | 0 |
| Howmet Aerospace Inc. | COMMON STOCKS | 443201108 |  | 261513 | 1405 | SH |  | SOLE |  | 1405 | 0 | 0 |
| Atmos Energy Corporation | COMMON STOCKS | 049560105 |  | 258597 | 1678 | SH |  | SOLE |  | 1678 | 0 | 0 |
| Equitable Holdings Inc. | COMMON STOCKS | 29452E101 |  | 258509 | 4608 | SH |  | SOLE |  | 4608 | 0 | 0 |
| ROBLOX Corporation | COMMON STOCKS | 771049103 |  | 258476 | 2457 | SH |  | SOLE |  | 2457 | 0 | 0 |
| Cencora Inc. | COMMON STOCKS | 03073E105 |  | 257571 | 859 | SH |  | SOLE |  | 859 | 0 | 0 |
| HEICO Corporation | COMMON STOCKS | 422806109 |  | 257480 | 785 | SH |  | SOLE |  | 785 | 0 | 0 |
| HEICO Corporation | COMMON STOCKS | 422806208 |  | 256421 | 991 | SH |  | SOLE |  | 991 | 0 | 0 |
| American International Group Inc. | COMMON STOCKS | 026874784 |  | 255657 | 2987 | SH |  | SOLE |  | 2987 | 0 | 0 |
| Itron Inc. | COMMON STOCKS | 465741106 |  | 255362 | 1940 | SH |  | SOLE |  | 1940 | 0 | 0 |
| RBC Bearings Inc. | COMMON STOCKS | 75524B104 |  | 254353 | 661 | SH |  | SOLE |  | 661 | 0 | 0 |
| Tradeweb Markets Inc. | COMMON STOCKS | 892672106 |  | 253711 | 1733 | SH |  | SOLE |  | 1733 | 0 | 0 |
| Postal Realty Trust Inc. | REIT | 73757R102 |  | 252516 | 17143 | SH |  | SOLE |  | 17143 | 0 | 0 |
| Loews Corporation | COMMON STOCKS | 540424108 |  | 250507 | 2733 | SH |  | SOLE |  | 2733 | 0 | 0 |
| Encompass Health Corporation | COMMON STOCKS | 29261A100 |  | 249675 | 2036 | SH |  | SOLE |  | 2036 | 0 | 0 |
| Mirion Technologies Inc. | COMMON STOCKS | 60471A101 |  | 249619 | 11594 | SH |  | SOLE |  | 11594 | 0 | 0 |
| Broadridge Financial Solutions Inc. | COMMON STOCKS | 11133T103 |  | 248377 | 1022 | SH |  | SOLE |  | 1022 | 0 | 0 |
| US Foods Holding Corporation | COMMON STOCKS | 912008109 |  | 248357 | 3225 | SH |  | SOLE |  | 3225 | 0 | 0 |
| Duke Energy Corporation | COMMON STOCKS | 26441C204 |  | 247918 | 2101 | SH |  | SOLE |  | 2101 | 0 | 0 |
| Graham Holdings Company | COMMON STOCKS | 384637104 |  | 247897 | 262 | SH |  | SOLE |  | 262 | 0 | 0 |
| Nasdaq Inc. | COMMON STOCKS | 631103108 |  | 246173 | 2753 | SH |  | SOLE |  | 2753 | 0 | 0 |
| Verisk Analytics Inc. | COMMON STOCKS | 92345Y106 |  | 246085 | 790 | SH |  | SOLE |  | 790 | 0 | 0 |
| Construction Partners Inc. | COMMON STOCKS | 21044C107 |  | 245719 | 2312 | SH |  | SOLE |  | 2312 | 0 | 0 |
| PPL Corporation | COMMON STOCKS | 69351T106 |  | 245601 | 7247 | SH |  | SOLE |  | 7247 | 0 | 0 |
| Hawkins Inc. | COMMON STOCKS | 420261109 |  | 245265 | 1726 | SH |  | SOLE |  | 1726 | 0 | 0 |
| Gilead Sciences Inc. | COMMON STOCKS | 375558103 |  | 244468 | 2205 | SH |  | SOLE |  | 2205 | 0 | 0 |
| Aflac Inc. | COMMON STOCKS | 001055102 |  | 242769 | 2302 | SH |  | SOLE |  | 2302 | 0 | 0 |
| Cheniere Energy Inc. | COMMON STOCKS | 16411R208 |  | 242302 | 995 | SH |  | SOLE |  | 995 | 0 | 0 |
| Casella Waste Systems Inc. | COMMON STOCKS | 147448104 |  | 240683 | 2086 | SH |  | SOLE |  | 2086 | 0 | 0 |
| Liberty Media Corp-Liberty Formula One | COMMON STOCKS | 531229755 |  | 240559 | 2302 | SH |  | SOLE |  | 2302 | 0 | 0 |
| Willis Towers Watson plc | COMMON STOCKS | G96629103 |  | 239683 | 782 | SH |  | SOLE |  | 782 | 0 | 0 |
| Cintas Corporation | COMMON STOCKS | 172908105 |  | 239362 | 1074 | SH |  | SOLE |  | 1074 | 0 | 0 |
| Carriage Services Inc. | COMMON STOCKS | 143905107 |  | 238946 | 5224 | SH |  | SOLE |  | 5224 | 0 | 0 |
| Cboe Global Markets Inc. | COMMON STOCKS | 12503M108 |  | 238341 | 1022 | SH |  | SOLE |  | 1022 | 0 | 0 |
| Ecolab Inc. | COMMON STOCKS | 278865100 |  | 237646 | 882 | SH |  | SOLE |  | 882 | 0 | 0 |
| Northern Trust Corporation | COMMON STOCKS | 665859104 |  | 237224 | 1871 | SH |  | SOLE |  | 1871 | 0 | 0 |
| Turning Point Brands Inc. | COMMON STOCKS | 90041L105 |  | 236327 | 3119 | SH |  | SOLE |  | 3119 | 0 | 0 |
| Southern Company (The) | COMMON STOCKS | 842587107 |  | 236279 | 2573 | SH |  | SOLE |  | 2573 | 0 | 0 |
| Sabra Health Care REIT Inc. | REIT | 78573L106 |  | 236143 | 12806 | SH |  | SOLE |  | 12806 | 0 | 0 |
| Enova International Inc. | COMMON STOCKS | 29357K103 |  | 234638 | 2104 | SH |  | SOLE |  | 2104 | 0 | 0 |
| Spirit AeroSystems Holdings Inc. | COMMON STOCKS | 848574109 |  | 234317 | 6142 | SH |  | SOLE |  | 6142 | 0 | 0 |
| Evergy Inc. | COMMON STOCKS | 30034W106 |  | 234086 | 3396 | SH |  | SOLE |  | 3396 | 0 | 0 |
| Crown Holdings Inc. | COMMON STOCKS | 228368106 |  | 233044 | 2263 | SH |  | SOLE |  | 2263 | 0 | 0 |
| Esquire Financial Holdings Inc. | COMMON STOCKS | 29667J101 |  | 232674 | 2458 | SH |  | SOLE |  | 2458 | 0 | 0 |
| ONE Gas Inc. | COMMON STOCKS | 68235P108 |  | 231533 | 3222 | SH |  | SOLE |  | 3222 | 0 | 0 |
| TransDigm Group Inc. | COMMON STOCKS | 893641100 |  | 231137 | 152 | SH |  | SOLE |  | 152 | 0 | 0 |
| National Fuel Gas Company | COMMON STOCKS | 636180101 |  | 230835 | 2725 | SH |  | SOLE |  | 2725 | 0 | 0 |
| API Group Corporation | COMMON STOCKS | 00187Y100 |  | 230082 | 4507 | SH |  | SOLE |  | 4507 | 0 | 0 |
| Chubb Ltd. | COMMON STOCKS | H1467J104 |  | 230038 | 794 | SH |  | SOLE |  | 794 | 0 | 0 |
| EPR Properties | REIT | 26884U109 |  | 228321 | 3919 | SH |  | SOLE |  | 3919 | 0 | 0 |
| General Electric Company | COMMON STOCKS | 369604301 |  | 228305 | 887 | SH |  | SOLE |  | 887 | 0 | 0 |
| Banco Latinoamericano de Comercio Exterior S.A. | COMMON STOCKS | P16994132 |  | 228300 | 5665 | SH |  | SOLE |  | 5665 | 0 | 0 |
| VeriSign Inc. | COMMON STOCKS | 92343E102 |  | 227863 | 789 | SH |  | SOLE |  | 789 | 0 | 0 |
| WEC Energy Group Inc. | COMMON STOCKS | 92939U106 |  | 226843 | 2177 | SH |  | SOLE |  | 2177 | 0 | 0 |
| FirstCash Holdings Inc. | COMMON STOCKS | 33768G107 |  | 226765 | 1678 | SH |  | SOLE |  | 1678 | 0 | 0 |
| Federal Signal Corporation | COMMON STOCKS | 313855108 |  | 226355 | 2127 | SH |  | SOLE |  | 2127 | 0 | 0 |
| Seneca Foods Corporation | COMMON STOCKS | 817070501 |  | 225479 | 2223 | SH |  | SOLE |  | 2223 | 0 | 0 |
| Yum! Brands Inc. | COMMON STOCKS | 988498101 |  | 225085 | 1519 | SH |  | SOLE |  | 1519 | 0 | 0 |
| IDACORP Inc. | COMMON STOCKS | 451107106 |  | 225012 | 1949 | SH |  | SOLE |  | 1949 | 0 | 0 |
| Marsh  McLennan Companies Inc. | COMMON STOCKS | 571748102 |  | 224762 | 1028 | SH |  | SOLE |  | 1028 | 0 | 0 |
| Public Service Enterprise Group Inc. | COMMON STOCKS | 744573106 |  | 224676 | 2669 | SH |  | SOLE |  | 2669 | 0 | 0 |
| Intuit Inc. | COMMON STOCKS | 461202103 |  | 224475 | 285 | SH |  | SOLE |  | 285 | 0 | 0 |
| Otis Worldwide Corporation | COMMON STOCKS | 68902V107 |  | 223884 | 2261 | SH |  | SOLE |  | 2261 | 0 | 0 |
| Victory Capital Holdings Inc. | COMMON STOCKS | 92645B103 |  | 223291 | 3507 | SH |  | SOLE |  | 3507 | 0 | 0 |
| Waste Management Inc. | COMMON STOCKS | 94106L109 |  | 222871 | 974 | SH |  | SOLE |  | 974 | 0 | 0 |
| DoorDash Inc. | COMMON STOCKS | 25809K105 |  | 222352 | 902 | SH |  | SOLE |  | 902 | 0 | 0 |
| Astronics Corporation | COMMON STOCKS | 046433108 |  | 222073 | 6633 | SH |  | SOLE |  | 6633 | 0 | 0 |
| Post Holdings Inc. | COMMON STOCKS | 737446104 |  | 221440 | 2031 | SH |  | SOLE |  | 2031 | 0 | 0 |
| REV Group Inc. | COMMON STOCKS | 749527107 |  | 221246 | 4649 | SH |  | SOLE |  | 4649 | 0 | 0 |
| DTE Energy Company | COMMON STOCKS | 233331107 |  | 220678 | 1666 | SH |  | SOLE |  | 1666 | 0 | 0 |
| Curtiss-Wright Corporation | COMMON STOCKS | 231561101 |  | 220336 | 451 | SH |  | SOLE |  | 451 | 0 | 0 |
| Johnson Controls International plc | COMMON STOCKS | G51502105 |  | 219795 | 2081 | SH |  | SOLE |  | 2081 | 0 | 0 |
| Rollins Inc. | COMMON STOCKS | 775711104 |  | 219192 | 3885 | SH |  | SOLE |  | 3885 | 0 | 0 |
| MGIC Investment Corporation | COMMON STOCKS | 552848103 |  | 218711 | 7856 | SH |  | SOLE |  | 7856 | 0 | 0 |
| Take-Two Interactive Software Inc. | COMMON STOCKS | 874054109 |  | 218565 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| Agree Realty Corporation | REIT | 008492100 |  | 218449 | 2990 | SH |  | SOLE |  | 2990 | 0 | 0 |
| Enact Holdings Inc. | COMMON STOCKS | 29249E109 |  | 218331 | 5877 | SH |  | SOLE |  | 5877 | 0 | 0 |
| NMI Holdings Inc. | COMMON STOCKS | 629209305 |  | 218164 | 5171 | SH |  | SOLE |  | 5171 | 0 | 0 |
| OGE Energy Corporation | COMMON STOCKS | 670837103 |  | 218039 | 4913 | SH |  | SOLE |  | 4913 | 0 | 0 |
| Teledyne Technologies Inc. | COMMON STOCKS | 879360105 |  | 217732 | 425 | SH |  | SOLE |  | 425 | 0 | 0 |
| City Holding Company | COMMON STOCKS | 177835105 |  | 217663 | 1778 | SH |  | SOLE |  | 1778 | 0 | 0 |
| IDT Corporation | COMMON STOCKS | 448947507 |  | 217394 | 3182 | SH |  | SOLE |  | 3182 | 0 | 0 |
| Stryker Corporation | COMMON STOCKS | 863667101 |  | 217201 | 549 | SH |  | SOLE |  | 549 | 0 | 0 |
| Darden Restaurants Inc. | COMMON STOCKS | 237194105 |  | 215572 | 989 | SH |  | SOLE |  | 989 | 0 | 0 |
| Capital One Financial Corporation | COMMON STOCKS | 14040H105 |  | 214675 | 1009 | SH |  | SOLE |  | 1009 | 0 | 0 |
| Universal Technical Institute Inc. | COMMON STOCKS | 913915104 |  | 213914 | 6312 | SH |  | SOLE |  | 6312 | 0 | 0 |
| Pinnacle West Capital Corporation | COMMON STOCKS | 723484101 |  | 213565 | 2387 | SH |  | SOLE |  | 2387 | 0 | 0 |
| Alliant Energy Corporation | COMMON STOCKS | 018802108 |  | 212975 | 3522 | SH |  | SOLE |  | 3522 | 0 | 0 |
| Guidewire Software Inc. | COMMON STOCKS | 40171V100 |  | 211434 | 898 | SH |  | SOLE |  | 898 | 0 | 0 |
| Zscaler Inc. | COMMON STOCKS | 98980G102 |  | 210654 | 671 | SH |  | SOLE |  | 671 | 0 | 0 |
| GATX Corporation | COMMON STOCKS | 361448103 |  | 210224 | 1369 | SH |  | SOLE |  | 1369 | 0 | 0 |
| Bank of NT Butterfield  Son Ltd. (The) | COMMON STOCKS | G0772R208 |  | 209976 | 4742 | SH |  | SOLE |  | 4742 | 0 | 0 |
| Avista Corporation | COMMON STOCKS | 05379B107 |  | 208953 | 5506 | SH |  | SOLE |  | 5506 | 0 | 0 |
| Coupang Inc. | COMMON STOCKS | 22266T109 |  | 207862 | 6938 | SH |  | SOLE |  | 6938 | 0 | 0 |
| Barrett Business Services Inc. | COMMON STOCKS | 068463108 |  | 207783 | 4984 | SH |  | SOLE |  | 4984 | 0 | 0 |
| TKO Group Holdings Inc. | COMMON STOCKS | 87256C101 |  | 207605 | 1141 | SH |  | SOLE |  | 1141 | 0 | 0 |
| InvenTrust Properties Corporation | REIT | 46124J201 |  | 207473 | 7572 | SH |  | SOLE |  | 7572 | 0 | 0 |
| SLM Corporation | COMMON STOCKS | 78442P106 |  | 207397 | 6325 | SH |  | SOLE |  | 6325 | 0 | 0 |
| Kratos Defense  Security Solutions Inc. | COMMON STOCKS | 50077B207 |  | 207306 | 4463 | SH |  | SOLE |  | 4463 | 0 | 0 |
| CMS Energy Corporation | COMMON STOCKS | 125896100 |  | 206593 | 2982 | SH |  | SOLE |  | 2982 | 0 | 0 |
| Ameren Corporation | COMMON STOCKS | 023608102 |  | 206198 | 2147 | SH |  | SOLE |  | 2147 | 0 | 0 |
| Northrop Grumman Corporation | COMMON STOCKS | 666807102 |  | 205992 | 412 | SH |  | SOLE |  | 412 | 0 | 0 |
| Insmed Inc. | COMMON STOCKS | 457669307 |  | 205406 | 2041 | SH |  | SOLE |  | 2041 | 0 | 0 |
| Prestige Consumer Healthcare Inc. | COMMON STOCKS | 74112D101 |  | 205294 | 2571 | SH |  | SOLE |  | 2571 | 0 | 0 |
| Group 1 Automotive Inc. | COMMON STOCKS | 398905109 |  | 203944 | 467 | SH |  | SOLE |  | 467 | 0 | 0 |
| Western Digital Corporation | COMMON STOCKS | 958102105 |  | 203808 | 3185 | SH |  | SOLE |  | 3185 | 0 | 0 |
| Woodward Inc. | COMMON STOCKS | 980745103 |  | 203425 | 830 | SH |  | SOLE |  | 830 | 0 | 0 |
| BJ's Restaurants Inc. | COMMON STOCKS | 09180C106 |  | 203287 | 4558 | SH |  | SOLE |  | 4558 | 0 | 0 |
| CenterPoint Energy Inc. | COMMON STOCKS | 15189T107 |  | 202658 | 5516 | SH |  | SOLE |  | 5516 | 0 | 0 |
| Fastenal Company | COMMON STOCKS | 311900104 |  | 202608 | 4824 | SH |  | SOLE |  | 4824 | 0 | 0 |
| Trane Technologies plc | COMMON STOCKS | G8994E103 |  | 201646 | 461 | SH |  | SOLE |  | 461 | 0 | 0 |
| Sensient Technologies Corporation | COMMON STOCKS | 81725T100 |  | 201473 | 2045 | SH |  | SOLE |  | 2045 | 0 | 0 |
| Labcorp Holdings Inc. | COMMON STOCKS | 504922105 |  | 201345 | 767 | SH |  | SOLE |  | 767 | 0 | 0 |
| BWX Technologies Inc. | COMMON STOCKS | 05605H100 |  | 200820 | 1394 | SH |  | SOLE |  | 1394 | 0 | 0 |
| Jabil Inc. | COMMON STOCKS | 466313103 |  | 200652 | 920 | SH |  | SOLE |  | 920 | 0 | 0 |
| FirstEnergy Corporation | COMMON STOCKS | 337932107 |  | 200455 | 4979 | SH |  | SOLE |  | 4979 | 0 | 0 |
| Paychex Inc. | COMMON STOCKS | 704326107 |  | 200008 | 1375 | SH |  | SOLE |  | 1375 | 0 | 0 |
| Ellington Financial Inc. | COMMON STOCKS | 28852N109 |  | 192239 | 14799 | SH |  | SOLE |  | 14799 | 0 | 0 |
| Super Group SGHC Ltd. | COMMON STOCKS | G8588X103 |  | 186369 | 16989 | SH |  | SOLE |  | 16989 | 0 | 0 |
| DHT Holdings Inc. | COMMON STOCKS | Y2065G121 |  | 186213 | 17226 | SH |  | SOLE |  | 17226 | 0 | 0 |
| CTO Realty Growth Inc. | COMMON STOCKS | 22948Q101 |  | 185683 | 10758 | SH |  | SOLE |  | 10758 | 0 | 0 |
| PennyMac Mortgage Investment Trust | COMMON STOCKS | 70931T103 |  | 163116 | 12684 | SH |  | SOLE |  | 12684 | 0 | 0 |
| GCM Grosvenor Inc. | COMMON STOCKS | 36831E108 |  | 156835 | 13567 | SH |  | SOLE |  | 13567 | 0 | 0 |
| Ladder Capital Corporation | COMMON STOCKS | 505743104 |  | 154048 | 14330 | SH |  | SOLE |  | 14330 | 0 | 0 |
| Ooma Inc. | COMMON STOCKS | 683416101 |  | 147473 | 11432 | SH |  | SOLE |  | 11432 | 0 | 0 |
| Northwest Bancshares Inc. | COMMON STOCKS | 667340103 |  | 136963 | 10717 | SH |  | SOLE |  | 10717 | 0 | 0 |

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