# EDGAR Filing Document

**Accession Number:** 0001639666
**File Stem:** 0001104659-25-108816
**Filing Date:** 2025-11
**Character Count:** 20480
**Document Hash:** a223db421436115419e928557e10f8a3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-108816.hdr.sgml**: 20251110

**ACCESSION NUMBER**: 0001104659-25-108816

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251110

**DATE AS OF CHANGE**: 20251110

**EFFECTIVENESS DATE**: 20251110

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ISTHMUS PARTNERS, LLC
- **CENTRAL INDEX KEY:** 0001639666

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16855
- **FILM NUMBER:** 251464330

**BUSINESS ADDRESS:**
- **STREET 1:** ONE SOUTH PINCKNEY STREET, SUITE 818
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53703
- **BUSINESS PHONE:** 608-729-0949

**MAIL ADDRESS:**
- **STREET 1:** ONE SOUTH PINCKNEY STREET, SUITE 818
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53703

### FORM 13F COVER PAGE

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

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** ISTHMUS PARTNERS LLC<br>**Address:** ONE SOUTH PINCKNEY STREET SUITE 818<br>MADISON, WI 53703

**Form 13F File Number:** 028-16855

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:** Ryan Cobb<br>**Title:** Chief Operating Officer<br>**Phone:** 608-729-0953

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

/s/ Ryan Cobb  Madison, WI  11-03-2025<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:** 176

**Form 13F Information Table Value Total:** $450783063

      (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 |
| MICROSOFT CORP | COM | 594918104 |  | 24371663 | 47054 | SH |  | SOLE |  | 47054 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 18409054 | 99283 | SH |  | SOLE |  | 99283 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | COM | G8994E103 |  | 18193649 | 43117 | SH |  | SOLE |  | 43117 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 15957992 | 29187 | SH |  | SOLE |  | 29187 | 0 | 0 |
| HCA HOLDINGS INC | COM | 40412c101 |  | 15565676 | 36522 | SH |  | SOLE |  | 36522 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 15152502 | 98617 | SH |  | SOLE |  | 98617 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 14859778 | 73955 | SH |  | SOLE |  | 73955 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 14495009 | 41470 | SH |  | SOLE |  | 41470 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 13678788 | 14354 | SH |  | SOLE |  | 14354 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 13568046 | 72537 | SH |  | SOLE |  | 72537 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 13300710 | 161534 | SH |  | SOLE |  | 161534 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 13161196 | 196260 | SH |  | SOLE |  | 196260 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 12752744 | 41965 | SH |  | SOLE |  | 41965 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORP | COM | 989207105 |  | 12624545 | 42484 | SH |  | SOLE |  | 42484 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 12470765 | 24981 | SH |  | SOLE |  | 24981 | 0 | 0 |
| PUBLIC STORAGE | COM | 74460D109 |  | 12294323 | 42563 | SH |  | SOLE |  | 42563 | 0 | 0 |
| LOWES COMPANIES INC | COM | 548661107 |  | 12276494 | 48850 | SH |  | SOLE |  | 48850 | 0 | 0 |
| ZOETIS INC CLASS A | COM | 98978v103 |  | 10460856 | 71493 | SH |  | SOLE |  | 71493 | 0 | 0 |
| UNITED PARCEL SVC INC | COM | 911312106 |  | 10269846 | 122948 | SH |  | SOLE |  | 122948 | 0 | 0 |
| SCHLUMBERGER LTD | COM | 806857108 |  | 9355102 | 272188 | SH |  | SOLE |  | 272188 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 8978485 | 293991 | SH |  | SOLE |  | 293991 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 8329660 | 248276 | SH |  | SOLE |  | 248276 | 0 | 0 |
| SPDR TOTAL STOCK MARKET ETF | COM | 78464a805 |  | 6764409 | 83874 | SH |  | SOLE |  | 83874 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 6287859 | 63953 | SH |  | SOLE |  | 63953 | 0 | 0 |
| NAPCO SECURITY TECHNOLOGIES INC | COM | 630402105 |  | 5254718 | 122345 | SH |  | SOLE |  | 122345 | 0 | 0 |
| LIGAND PHARMA | COM | 53220k504 |  | 5225276 | 29498 | SH |  | SOLE |  | 29498 | 0 | 0 |
| INTERFACE INC | COM | 458665304 |  | 5175398 | 178832 | SH |  | SOLE |  | 178832 | 0 | 0 |
| MUELLER INDUSTRIES INC | COM | 624756102 |  | 4921327 | 48673 | SH |  | SOLE |  | 48673 | 0 | 0 |
| IRADIMED CORP | COM | 46266a109 |  | 4179938 | 58740 | SH |  | SOLE |  | 58740 | 0 | 0 |
| INGEVITY CORP | COM | 45688C107 |  | 3966505 | 71870 | SH |  | SOLE |  | 71870 | 0 | 0 |
| PLEXUS CORP | COM | 729132100 |  | 3912996 | 27044 | SH |  | SOLE |  | 27044 | 0 | 0 |
| PAPA JOHNS INTERNATIONAL INC | COM | 698813102 |  | 3773130 | 78362 | SH |  | SOLE |  | 78362 | 0 | 0 |
| INSTEEL INDUSTRIES | COM | 45774w108 |  | 3765985 | 98226 | SH |  | SOLE |  | 98226 | 0 | 0 |
| TETRA TECH INC | COM | 88162G103 |  | 3702476 | 110919 | SH |  | SOLE |  | 110919 | 0 | 0 |
| KORN FERRY | COM | 500643200 |  | 3582346 | 51191 | SH |  | SOLE |  | 51191 | 0 | 0 |
| R L I CORP | COM | 749607107 |  | 3479813 | 53355 | SH |  | SOLE |  | 53355 | 0 | 0 |
| LIMBACH HOLDINGS INC | COM | 53263P105 |  | 3357536 | 34571 | SH |  | SOLE |  | 34571 | 0 | 0 |
| JANUS INTERNATIONAL GROUP | COM | 47103N106 |  | 3334510 | 337843 | SH |  | SOLE |  | 337843 | 0 | 0 |
| N V E CORPORATION | COM | 629445206 |  | 3328639 | 50998 | SH |  | SOLE |  | 50998 | 0 | 0 |
| OPTION CARE HEALTH INC | COM | 68404L201 |  | 3259607 | 117421 | SH |  | SOLE |  | 117421 | 0 | 0 |
| HAEMONETICS CORP | COM | 405024100 |  | 3007355 | 61702 | SH |  | SOLE |  | 61702 | 0 | 0 |
| HACKETT GROUP | COM | 404609109 |  | 3007344 | 158198 | SH |  | SOLE |  | 158198 | 0 | 0 |
| MIMEDX GROUP INC | COM | 602496101 |  | 2954376 | 423263 | SH |  | SOLE |  | 423263 | 0 | 0 |
| INDEPENDENT BANK CO | COM | 453836108 |  | 2874152 | 41552 | SH |  | SOLE |  | 41552 | 0 | 0 |
| MINERALS TECHNOLOGIES INC | COM | 603158106 |  | 2746325 | 44210 | SH |  | SOLE |  | 44210 | 0 | 0 |
| SPROUTS FARMERS MARKET INC | COM | 85208M102 |  | 2680397 | 24636 | SH |  | SOLE |  | 24636 | 0 | 0 |
| REYNOLDS CONSUMER PRODUCTS INC | COM | 76171L106 |  | 2575223 | 105240 | SH |  | SOLE |  | 105240 | 0 | 0 |
| MILLER INDUSTRIES INC | COM | 600551204 |  | 2514973 | 62221 | SH |  | SOLE |  | 62221 | 0 | 0 |
| UTAH MEDICAL PRODUCT | COM | 917488108 |  | 2410681 | 38283 | SH |  | SOLE |  | 38283 | 0 | 0 |
| OCEANEERING INTL INC | COM | 675232102 |  | 2401752 | 96923 | SH |  | SOLE |  | 96923 | 0 | 0 |
| INNOVATIVE SOLUTIONS AND SUPPORT INC | COM | 45769N105 |  | 2370027 | 189754 | SH |  | SOLE |  | 189754 | 0 | 0 |
| LOVESAC COMPANY | COM | 54738L109 |  | 2348360 | 138710 | SH |  | SOLE |  | 138710 | 0 | 0 |
| SPDR GOLD SHARES ETF | COM | 78463v107 |  | 2132820 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| HYSTER-YALE MH CLASS A | CL A | 449172105 |  | 2021660 | 54847 | SH |  | SOLE |  | 54847 | 0 | 0 |
| META PLATFORMS INC | COM | 30303m102 |  | 1975482 | 2690 | SH |  | SOLE |  | 2690 | 0 | 0 |
| NORTHERN OIL AND GAS | COM | 665531307 |  | 1891248 | 76260 | SH |  | SOLE |  | 76260 | 0 | 0 |
| MGP INGREDIENTS INC | COM | 55303j106 |  | 1539814 | 63655 | SH |  | SOLE |  | 63655 | 0 | 0 |
| ORION ENGINEERED CARBONS | COM | L72967109 |  | 1418612 | 187152 | SH |  | SOLE |  | 187152 | 0 | 0 |
| LANTHEUS HOLDINGS INC | COM | 516544103 |  | 1238141 | 24140 | SH |  | SOLE |  | 24140 | 0 | 0 |
| SPDR S 500 ETF | COM | 78462f103 |  | 1207118 | 1812 | SH |  | SOLE |  | 1812 | 0 | 0 |
| MERCK  CO. INC. | COM | 58933y105 |  | 1095538 | 13053 | SH |  | SOLE |  | 13053 | 0 | 0 |
| OMNIAB INC. | COM | 68218J103 |  | 1070514 | 669071 | SH |  | SOLE |  | 669071 | 0 | 0 |
| J P MORGAN CHASE  CO | COM | 46625h100 |  | 1057637 | 3353 | SH |  | SOLE |  | 3353 | 0 | 0 |
| UNION PACIFIC CORP | COM | 907818108 |  | 938389 | 3970 | SH |  | SOLE |  | 3970 | 0 | 0 |
| NMI HOLDINGS INC CLASS A | COM | 629209305 |  | 843480 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| OTC MARKETS GROUP INC | COM | 67106f108 |  | 797120 | 15040 | SH |  | SOLE |  | 15040 | 0 | 0 |
| IBM CORP | COM | 459200101 |  | 785251 | 2783 | SH |  | SOLE |  | 2783 | 0 | 0 |
| MCKESSON CORP | COM | 58155q103 |  | 764815 | 990 | SH |  | SOLE |  | 990 | 0 | 0 |
| ISHARES SILVER TRUST ETF IV | COM | 46428q109 |  | 621568 | 14670 | SH |  | SOLE |  | 14670 | 0 | 0 |
| U S BANCORP | COM | 902973304 |  | 611181 | 12646 | SH |  | SOLE |  | 12646 | 0 | 0 |
| PHOTRONICS INC | COM | 719405102 |  | 600395 | 26161 | SH |  | SOLE |  | 26161 | 0 | 0 |
| VISA INC CLASS A | COM | 92826c839 |  | 568398 | 1665 | SH |  | SOLE |  | 1665 | 0 | 0 |
| THERMO FISHER SCNTFC | COM | 883556102 |  | 567473 | 1170 | SH |  | SOLE |  | 1170 | 0 | 0 |
| SCHWAB US BROAD MARKET ETF | COM | 808524102 |  | 516977 | 20108 | SH |  | SOLE |  | 20108 | 0 | 0 |
| HALOZYME THERAPEUTICS | COM | 40637h109 |  | 501939 | 6844 | SH |  | SOLE |  | 6844 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339f101 |  | 497479 | 6590 | SH |  | SOLE |  | 6590 | 0 | 0 |
| TENNANT CO | COM | 880345103 |  | 486360 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| HUDSON TECHNOLOGIES INC | COM | 444144109 |  | 481764 | 48516 | SH |  | SOLE |  | 48516 | 0 | 0 |
| ISHARES GOLD ETF | COM | 464285204 |  | 465728 | 6400 | SH |  | SOLE |  | 6400 | 0 | 0 |
| WESCO INTL INC | COM | 95082p105 |  | 463185 | 2190 | SH |  | SOLE |  | 2190 | 0 | 0 |
| MATIV HOLDINGS INC | COM | 808541106 |  | 454752 | 40208 | SH |  | SOLE |  | 40208 | 0 | 0 |
| HYPERFINE INC | COM | 44916k106 |  | 454358 | 313350 | SH |  | SOLE |  | 313350 | 0 | 0 |
| JAZZ PHARMACEUTICALS PLC | COM | g50871105 |  | 451020 | 3422 | SH |  | SOLE |  | 3422 | 0 | 0 |
| ISHARES MSCI ACWI EX US ETF | MSCI ACWI EX US | 464288240 |  | 450974 | 6937 | SH |  | SOLE |  | 6937 | 0 | 0 |
| STRIDE INC | COM | 86333m108 |  | 446075 | 2995 | SH |  | SOLE |  | 2995 | 0 | 0 |
| SNAP-ON INCORPORATED | COM | 833034101 |  | 428311 | 1236 | SH |  | SOLE |  | 1236 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 402867 | 422 | SH |  | SOLE |  | 422 | 0 | 0 |
| SCHEIN HENRY INC | COM | 806407102 |  | 390587 | 5885 | SH |  | SOLE |  | 5885 | 0 | 0 |
| TAIWAN SEMICONDUCTR F SPONSORED ADR 1 ADR REPS 5 ORD SHS | COM | 874039100 |  | 390168 | 1397 | SH |  | SOLE |  | 1397 | 0 | 0 |
| UNITED STATES COPPER INDEX ETF | CM REP COPP FD | 911718104 |  | 384000 | 12800 | SH |  | SOLE |  | 12800 | 0 | 0 |
| O REILLY AUTOMOTIVE | COM | 67103h107 |  | 380030 | 3525 | SH |  | SOLE |  | 3525 | 0 | 0 |
| ILLINOIS TOOL WORKS | COM | 452308109 |  | 365064 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| HEALTHPEAK PPTYS INC REIT | COM | 42250p103 |  | 355673 | 18573 | SH |  | SOLE |  | 18573 | 0 | 0 |
| MARKEL CORP | COM | 570535104 |  | 351690 | 184 | SH |  | SOLE |  | 184 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879q109 |  | 350742 | 2345 | SH |  | SOLE |  | 2345 | 0 | 0 |
| VALVOLINE INC | COM | 92047w101 |  | 343192 | 9557 | SH |  | SOLE |  | 9557 | 0 | 0 |
| SHELL PLC F SPONSORED ADR 1 ADR REPS 2 ORD SHS | ORD SHS | 780lvt011 |  | 337622 | 4720 | SH |  | SOLE |  | 4720 | 0 | 0 |
| NVIDIA CORP | COM | 67066g104 |  | 337523 | 1809 | SH |  | SOLE |  | 1809 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 335886 | 1480 | SH |  | SOLE |  | 1480 | 0 | 0 |
| W E C ENERGY GROUP INC | COM | 92939u106 |  | 335634 | 2929 | SH |  | SOLE |  | 2929 | 0 | 0 |
| WEX INC | COM | 96208t104 |  | 318683 | 2023 | SH |  | SOLE |  | 2023 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 316818 | 2548 | SH |  | SOLE |  | 2548 | 0 | 0 |
| NORTHROP GRUMMAN CO | COM | 666807102 |  | 313800 | 515 | SH |  | SOLE |  | 515 | 0 | 0 |
| TWIST BIOSCIENCE CORP | COM | 90184d100 |  | 313620 | 11145 | SH |  | SOLE |  | 11145 | 0 | 0 |
| REXFORD INDUSTRIAL REALTY INC | COM | 76169c100 |  | 311573 | 7579 | SH |  | SOLE |  | 7579 | 0 | 0 |
| SPDR S MIDCAP 400 ETF IV | UTSER1 S | 78467y107 |  | 308744 | 518 | SH |  | SOLE |  | 518 | 0 | 0 |
| SALESFORCE COM | COM | 79466l302 |  | 304071 | 1283 | SH |  | SOLE |  | 1283 | 0 | 0 |
| S GLOBAL INC | COM | 78409v104 |  | 302734 | 622 | SH |  | SOLE |  | 622 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733r102 |  | 299128 | 128 | SH |  | SOLE |  | 128 | 0 | 0 |
| ISHARES RUSSELL 1000 ETF IV | COM | 464287622 |  | 290557 | 795 | SH |  | SOLE |  | 795 | 0 | 0 |
| MOTLEY FOOL 100 INDEX ETF | COM | 74933w601 |  | 265162 | 3760 | SH |  | SOLE |  | 3760 | 0 | 0 |
| VANGUARD DIV APPRCIATION | COM | 921908844 |  | 261322 | 1211 | SH |  | SOLE |  | 1211 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 247788 | 188 | SH |  | SOLE |  | 188 | 0 | 0 |
| OVINTIV INC | COM | 69047q102 |  | 238928 | 5917 | SH |  | SOLE |  | 5917 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 230958 | 570 | SH |  | SOLE |  | 570 | 0 | 0 |
| MAGNOLIA OIL  GAS CORP | COM | 559663109 |  | 227672 | 9538 | SH |  | SOLE |  | 9538 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 225548 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |
| ROBERT HALF INTL | COM | 770323103 |  | 223147 | 6567 | SH |  | SOLE |  | 6567 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 216014 | 2096 | SH |  | SOLE |  | 2096 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CO | COM | 75513e101 |  | 211840 | 1266 | SH |  | SOLE |  | 1266 | 0 | 0 |
| INTERCONTINENTAL EXC | COM | 45866f104 |  | 210600 | 1250 | SH |  | SOLE |  | 1250 | 0 | 0 |
| TMC THE METALS CO INC F | COM | 87261y106 |  | 144574 | 22696 | SH |  | SOLE |  | 22696 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 24744 | 97177 | SH |  | SOLE |  | 97177 | 0 | 0 |
| ALPHABET INC CLASS A | COM CL A | 02079k305 |  | 22035 | 90640 | SH |  | SOLE |  | 90640 | 0 | 0 |
| BROADCOM INC | COM | 11135f101 |  | 19796 | 60005 | SH |  | SOLE |  | 60005 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 18731 | 59935 | SH |  | SOLE |  | 59935 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 18347 | 168385 | SH |  | SOLE |  | 168385 | 0 | 0 |
| CH ROBINSON WORLDWIDE INC | COM | 12541W209 |  | 17910 | 135272 | SH |  | SOLE |  | 135272 | 0 | 0 |
| AMCOR PLC F | COM | g0250x107 |  | 16388 | 2003404 | SH |  | SOLE |  | 2003404 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 16188 | 211271 | SH |  | SOLE |  | 211271 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503m108 |  | 15179 | 61890 | SH |  | SOLE |  | 61890 | 0 | 0 |
| APPLIED MATERIALS | COM | 038222105 |  | 15162 | 74053 | SH |  | SOLE |  | 74053 | 0 | 0 |
| ABBVIE INC | COM | 00287y109 |  | 15065 | 65063 | SH |  | SOLE |  | 65063 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 14558 | 110978 | SH |  | SOLE |  | 110978 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 13618 | 305671 | SH |  | SOLE |  | 305671 | 0 | 0 |
| ALLISON TRANSMISSION HLDGS INC | COM | 01973R101 |  | 12875 | 151683 | SH |  | SOLE |  | 151683 | 0 | 0 |
| FLOWSERVE CORP | COM | 34354P105 |  | 11763 | 221361 | SH |  | SOLE |  | 221361 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 11290 | 167786 | SH |  | SOLE |  | 167786 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 11145 | 139415 | SH |  | SOLE |  | 139415 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG CORP | COM | 099502106 |  | 9581 | 95860 | SH |  | SOLE |  | 95860 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 9353 | 395462 | SH |  | SOLE |  | 395462 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 9345 | 35551 | SH |  | SOLE |  | 35551 | 0 | 0 |
| ACCENTURE PLC | COM | G1151C101 |  | 8743 | 35453 | SH |  | SOLE |  | 35453 | 0 | 0 |
| FRONTDOOR INC | COM | 35905A109 |  | 5629 | 83646 | SH |  | SOLE |  | 83646 | 0 | 0 |
| ADVANCED ENERGY INDUSTRIES INC | COM | 007973100 |  | 5114 | 30058 | SH |  | SOLE |  | 30058 | 0 | 0 |
| CRA INTERNATIONAL INC | COM | 12618T105 |  | 4405 | 21123 | SH |  | SOLE |  | 21123 | 0 | 0 |
| CORE  MAIN INC | COM | 21874C102 |  | 4374 | 81252 | SH |  | SOLE |  | 81252 | 0 | 0 |
| AXCELIS TECHNOLOGIES INC | COM | 054540208 |  | 4102 | 42016 | SH |  | SOLE |  | 42016 | 0 | 0 |
| CRANE NXT | COM | 224441105 |  | 3951 | 58903 | SH |  | SOLE |  | 58903 | 0 | 0 |
| COMSTOCK RESOURCES INC | COM | 205768302 |  | 3887 | 196027 | SH |  | SOLE |  | 196027 | 0 | 0 |
| BEL FUSE INC CLASS B | CL B | 077347300 |  | 3858 | 27355 | SH |  | SOLE |  | 27355 | 0 | 0 |
| CAPITAL CITY BANK GP | COM | 139674105 |  | 3699 | 88508 | SH |  | SOLE |  | 88508 | 0 | 0 |
| FIRST SOURCE CORP | COM | 336901103 |  | 3590 | 58317 | SH |  | SOLE |  | 58317 | 0 | 0 |
| GLOBAL SHIP LEASE | COM | Y27183600 |  | 3584 | 116755 | SH |  | SOLE |  | 116755 | 0 | 0 |
| BIOLIFE SOLUTIONS INC | COM | 09062W204 |  | 3515 | 137771 | SH |  | SOLE |  | 137771 | 0 | 0 |
| AMERISAFE INC | COM | 03071h100 |  | 3376 | 77007 | SH |  | SOLE |  | 77007 | 0 | 0 |
| APOGEE ENTERPRISES | COM | 037598109 |  | 3296 | 75650 | SH |  | SOLE |  | 75650 | 0 | 0 |
| ARTISAN PARTNERS ASSET MANAGEMENT INC | COM | 04316a108 |  | 3172 | 73085 | SH |  | SOLE |  | 73085 | 0 | 0 |
| ALEXANDER  BALDWIN | COM | 014491104 |  | 3172 | 174359 | SH |  | SOLE |  | 174359 | 0 | 0 |
| AMALGAMATED FINL CORP | COM | 022671101 |  | 3125 | 115113 | SH |  | SOLE |  | 115113 | 0 | 0 |
| ACADEMY SPORTS AND OUTDOORS INC | COM | 00402L107 |  | 3061 | 61190 | SH |  | SOLE |  | 61190 | 0 | 0 |
| APPLE HOSPITALITY REIT | COM | 03784Y200 |  | 3054 | 254251 | SH |  | SOLE |  | 254251 | 0 | 0 |
| DONNELLEY FINANCIAL | COM | 25787g100 |  | 3004 | 58414 | SH |  | SOLE |  | 58414 | 0 | 0 |
| EMPLOYERS HOLDINGS INC | COM | 292218104 |  | 2940 | 69201 | SH |  | SOLE |  | 69201 | 0 | 0 |
| AVIENT CORPORATION | COM | 05368V106 |  | 2461 | 74698 | SH |  | SOLE |  | 74698 | 0 | 0 |
| ATKORE INC | COM | 047649108 |  | 2186 | 34849 | SH |  | SOLE |  | 34849 | 0 | 0 |
| EMBECTA CORP | COM | 29082K105 |  | 1868 | 132406 | SH |  | SOLE |  | 132406 | 0 | 0 |
| COLUMBUS MCKINNON CO | COM | 199333105 |  | 1580 | 110159 | SH |  | SOLE |  | 110159 | 0 | 0 |
| BUTTERFLY NETWORK INC CLASS A | CL A | 124155102 |  | 1330 | 689222 | SH |  | SOLE |  | 689222 | 0 | 0 |
| DOCGO INC | COM | 256086109 |  | 1063 | 781253 | SH |  | SOLE |  | 781253 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 992 | 20238 | SH |  | SOLE |  | 20238 | 0 | 0 |
| EXACT SCIENCES CORP | COM | 30063p105 |  | 669 | 12227 | SH |  | SOLE |  | 12227 | 0 | 0 |
| AEBI SCHMIDT HLDG AG F | COM | H00501108 |  | 569 | 45662 | SH |  | SOLE |  | 45662 | 0 | 0 |
| FIRST HORIZON CORPORATION COM | COM | 320517105 |  | 540 | 23891 | SH |  | SOLE |  | 23891 | 0 | 0 |
| CORE LABORATORIES INC | COM | 21867a105 |  | 150 | 12148 | SH |  | SOLE |  | 12148 | 0 | 0 |
| AIRJOULE TECHNOLOGIES CO CLASS A | CL A | 612160101 |  | 80 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |

---