# EDGAR Filing Document

**Accession Number:** 0001695818
**File Stem:** 0001695818-26-000001
**Filing Date:** 2026-1
**Character Count:** 23209
**Document Hash:** ea1c9b275bf7b5322e0bc4a3b568cd2c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001695818-26-000001.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0001695818-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260121

**DATE AS OF CHANGE**: 20260120

**EFFECTIVENESS DATE**: 20260121

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Unison Advisors LLC
- **CENTRAL INDEX KEY:** 0001695818

**ORGANIZATION NAME:**
- **EIN:** 680606901
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18212
- **FILM NUMBER:** 26544618

**BUSINESS ADDRESS:**
- **STREET 1:** 225 DYER STREET
- **STREET 2:** 2ND FLOOR
- **CITY:** PROVIDENCE
- **STATE:** RI
- **ZIP:** 02903
- **BUSINESS PHONE:** 6462907697

**MAIL ADDRESS:**
- **STREET 1:** 225 DYER STREET
- **STREET 2:** 2ND FLOOR
- **CITY:** PROVIDENCE
- **STATE:** RI
- **ZIP:** 02903

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Unison Advisors LLC<br>**Address:** 225 DYER STREET<br>2ND FLOOR<br>PROVIDENCE, RI 02903

**Form 13F File Number:** 028-18212

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:** Nir Kaissar<br>**Title:** Managing Member<br>**Phone:** 646-290-7697

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

/s/  Nir Kaissar  Providence, RI  01-20-2026<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:** 177

**Form 13F Information Table Value Total:** $1144395354

      (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 |
| ACADEMY SPORTS  OUTDOORS IN | COM | 00402L107 | BBG00X7L1CW0 | 742584 | 14825 | SH |  | SOLE |  | 0 | 0 | 14825 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 7500740 | 35024 | SH |  | SOLE |  | 0 | 0 | 35024 |
| AGCO CORP | COM | 001084102 | BBG001S7WHW3 | 812549 | 7789 | SH |  | SOLE |  | 0 | 0 | 7789 |
| ALBEMARLE CORP | COM | 012653101 | BBG001S7SBP9 | 1838027 | 12958 | SH |  | SOLE |  | 0 | 0 | 12958 |
| ALIGN TECHNOLOGY INC | COM | 016255101 | BBG001SCF1B9 | 1651443 | 10576 | SH |  | SOLE |  | 0 | 0 | 10576 |
| AMBEV SA | SPONSORED ADR | 02319V103 | BBG005KLVT74 | 809412 | 311038 | SH |  | SOLE |  | 0 | 0 | 311038 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 | BBG00Q9MR7Z1 | 77897185 | 828958 | SH |  | SOLE |  | 0 | 0 | 828958 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 | BBG00Q9MQZW3 | 133964910 | 1313639 | SH |  | SOLE |  | 0 | 0 | 1313639 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 669900 | 2464 | SH |  | SOLE |  | 0 | 0 | 2464 |
| ARCBEST CORP | COM | 03937C105 | BBG001S686R2 | 779514 | 10507 | SH |  | SOLE |  | 0 | 0 | 10507 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 | BBG001S5ND74 | 3284806 | 57137 | SH |  | SOLE |  | 0 | 0 | 57137 |
| ARROW ELECTRS INC | COM | 042735100 | BBG001S5NVP4 | 723332 | 6565 | SH |  | SOLE |  | 0 | 0 | 6565 |
| ATKORE INC | COM | 047649108 | BBG001T8LDZ8 | 714789 | 11301 | SH |  | SOLE |  | 0 | 0 | 11301 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 | BBG001SMRQL8 | 701437 | 15242 | SH |  | SOLE |  | 0 | 0 | 15242 |
| BEST BUY INC | COM | 086516101 | BBG001S5P285 | 2063620 | 30401 | SH |  | SOLE |  | 0 | 0 | 30401 |
| BIOGEN INC | COM | 09062X103 | BBG001S67826 | 893677 | 5078 | SH |  | SOLE |  | 0 | 0 | 5078 |
| BOISE CASCADE CO DEL | COM | 09739D100 | BBG001SZX397 | 552736 | 7510 | SH |  | SOLE |  | 0 | 0 | 7510 |
| BREAD FINANCIAL HOLDINGS INC | COM | 018581108 | BBG001S78Z50 | 1309590 | 17690 | SH |  | SOLE |  | 0 | 0 | 17690 |
| BUCKLE INC | COM | 118440106 | BBG001S5P6T3 | 2246044 | 42045 | SH |  | SOLE |  | 0 | 0 | 42045 |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 | BBG00Y04KQ51 | 684376 | 15307 | SH |  | SOLE |  | 0 | 0 | 15307 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | BBG001S65PV8 | 18637484 | 76900 | SH |  | SOLE |  | 0 | 0 | 76900 |
| CATHAY GEN BANCORP | COM | 149150104 | BBG001S6PB10 | 792483 | 16377 | SH |  | SOLE |  | 0 | 0 | 16377 |
| CF INDS HLDGS INC | COM | 125269100 | BBG001SJ8KV8 | 694204 | 8976 | SH |  | SOLE |  | 0 | 0 | 8976 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 | BBG001SB85K0 | 538866 | 2904 | SH |  | SOLE |  | 0 | 0 | 2904 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 2808155 | 18425 | SH |  | SOLE |  | 0 | 0 | 18425 |
| CHORD ENERGY CORPORATION | COM NEW | 674215207 | BBG00Y7BLJF2 | 700627 | 7558 | SH |  | SOLE |  | 0 | 0 | 7558 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 4282759 | 13679 | SH |  | SOLE |  | 0 | 0 | 13679 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 5222865 | 67803 | SH |  | SOLE |  | 0 | 0 | 67803 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 | BBG001S5PW43 | 819376 | 61700 | SH |  | SOLE |  | 0 | 0 | 61700 |
| CNB FINL CORP PA | COM | 126128107 | BBG001S80QZ3 | 775914 | 29649 | SH |  | SOLE |  | 0 | 0 | 29649 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 | BBG001S5STN6 | 2497885 | 30095 | SH |  | SOLE |  | 0 | 0 | 30095 |
| COLUMBIA BKG SYS INC | COM | 197236102 | BBG001S72GJ3 | 395129 | 14137 | SH |  | SOLE |  | 0 | 0 | 14137 |
| COMMERCIAL METALS CO | COM | 201723103 | BBG001S5PXG8 | 961881 | 13896 | SH |  | SOLE |  | 0 | 0 | 13896 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 1659798 | 17731 | SH |  | SOLE |  | 0 | 0 | 17731 |
| CORE NATURAL RESOURCES INC | COM SHS | 218937100 | BBG00HC115M9 | 1246487 | 14083 | SH |  | SOLE |  | 0 | 0 | 14083 |
| COSTAMARE INC | SHS | Y1771G102 | BBG001TCSQ10 | 718445 | 45500 | SH |  | SOLE |  | 0 | 0 | 45500 |
| COTERRA ENERGY INC | COM | 127097103 | BBG001S6H6Y4 | 635628 | 24150 | SH |  | SOLE |  | 0 | 0 | 24150 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 4432811 | 55857 | SH |  | SOLE |  | 0 | 0 | 55857 |
| D R HORTON INC | COM | 23331A109 | BBG001S8M692 | 5626388 | 39064 | SH |  | SOLE |  | 0 | 0 | 39064 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 | BBG002PHSZN7 | 2412946 | 16051 | SH |  | SOLE |  | 0 | 0 | 16051 |
| DILLARDS INC | CL A | 254067101 | BBG001S5VNW5 | 5091357 | 8001 | SH |  | SOLE |  | 0 | 0 | 8001 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS HI | 25434V757 | BBG017156DS5 | 28992981 | 899007 | SH |  | SOLE |  | 0 | 0 | 899007 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS VA | 25434V740 | BBG017158GJ6 | 609736 | 18072 | SH |  | SOLE |  | 0 | 0 | 18072 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 | BBG012G21Y06 | 599536 | 12015 | SH |  | SOLE |  | 0 | 0 | 12015 |
| DIMENSIONAL ETF TRUST | INTL HIGH PROFIT | 25434V765 | BBG01636J356 | 333508 | 10532 | SH |  | SOLE |  | 0 | 0 | 10532 |
| DIMENSIONAL ETF TRUST | US HIGH PROFITAB | 25434V831 | BBG015DLMLQ7 | 506040 | 13306 | SH |  | SOLE |  | 0 | 0 | 13306 |
| DIODES INC | COM | 254543101 | BBG001SCJ937 | 541506 | 10975 | SH |  | SOLE |  | 0 | 0 | 10975 |
| DORIAN LPG LTD | SHS USD | Y2106R110 | BBG006476HV8 | 710874 | 29206 | SH |  | SOLE |  | 0 | 0 | 29206 |
| DOW INC | COM | 260557103 | BBG00BN96931 | 1736246 | 74262 | SH |  | SOLE |  | 0 | 0 | 74262 |
| EAST WEST BANCORP INC | COM | 27579R104 | BBG001SCC7R2 | 967229 | 8606 | SH |  | SOLE |  | 0 | 0 | 8606 |
| ECHOSTAR CORP | CL A | 278768106 | BBG001T048Z5 | 2480425 | 22819 | SH |  | SOLE |  | 0 | 0 | 22819 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 | BBG001S6KBQ8 | 2593369 | 7398 | SH |  | SOLE |  | 0 | 0 | 7398 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 2864363 | 21582 | SH |  | SOLE |  | 0 | 0 | 21582 |
| EOG RES INC | COM | 26875P101 | BBG001S5ZB93 | 3200285 | 30476 | SH |  | SOLE |  | 0 | 0 | 30476 |
| ESSENT GROUP LTD | COM | G3198U102 | BBG0058YL868 | 756392 | 11635 | SH |  | SOLE |  | 0 | 0 | 11635 |
| ETHAN ALLEN INTERIORS INC | COM | 297602104 | BBG001S67JZ6 | 732844 | 32086 | SH |  | SOLE |  | 0 | 0 | 32086 |
| EVEREST GROUP LTD | COM | G3223R108 | BBG001S7QT63 | 576895 | 1700 | SH |  | SOLE |  | 0 | 0 | 1700 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 2670224 | 22189 | SH |  | SOLE |  | 0 | 0 | 22189 |
| F ANNUITIES  LIFE INC | COMMON STOCK | 30190A104 | BBG01BGVGH85 | 701529 | 22740 | SH |  | SOLE |  | 0 | 0 | 22740 |
| FERROGLOBE PLC | SHS | G33856108 | BBG00B6BGDB6 | 724499 | 156142 | SH |  | SOLE |  | 0 | 0 | 156142 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 | BBG006N7S6J1 | 683030 | 12512 | SH |  | SOLE |  | 0 | 0 | 12512 |
| FIFTH THIRD BANCORP | COM | 316773100 | BBG001S5R6S2 | 5018848 | 106309 | SH |  | SOLE |  | 0 | 0 | 106309 |
| FMC CORP | COM NEW | 302491303 | BBG001S5R880 | 767027 | 54984 | SH |  | SOLE |  | 0 | 0 | 54984 |
| FRANKLIN RESOURCES INC | COM | 354613101 | BBG001S5P3W6 | 2703557 | 111625 | SH |  | SOLE |  | 0 | 0 | 111625 |
| FULGENT GENETICS INC | COM | 359664109 | BBG00DW0QQM5 | 230047 | 8757 | SH |  | SOLE |  | 0 | 0 | 8757 |
| GARMIN LTD | SHS | H2906T109 | BBG001SG0H12 | 5748972 | 28341 | SH |  | SOLE |  | 0 | 0 | 28341 |
| GENCO SHIPPING  TRADING LTD | SHS | Y2685T131 | BBG006TBN969 | 705482 | 38279 | SH |  | SOLE |  | 0 | 0 | 38279 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 5814792 | 17272 | SH |  | SOLE |  | 0 | 0 | 17272 |
| GENERAL MTRS CO | COM | 37045V100 | BBG001SM1DK6 | 5566191 | 68448 | SH |  | SOLE |  | 0 | 0 | 68448 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 | BBG00HPF2LX6 | 1275389 | 67445 | SH |  | SOLE |  | 0 | 0 | 67445 |
| GRANITE RIDGE RESOURCES INC | COM | 387432107 | BBG017RM8TP6 | 644375 | 137101 | SH |  | SOLE |  | 0 | 0 | 137101 |
| HANMI FINL CORP | COM NEW | 410495204 | BBG001SFGJ31 | 871960 | 32259 | SH |  | SOLE |  | 0 | 0 | 32259 |
| HF SINCLAIR CORP | COM | 403949100 | BBG0135B2269 | 1074355 | 23315 | SH |  | SOLE |  | 0 | 0 | 23315 |
| HP INC | COM | 40434L105 | BBG001S6W7N7 | 2630006 | 116475 | SH |  | SOLE |  | 0 | 0 | 116475 |
| HUMANA INC | COM | 444859102 | BBG001S5S1X6 | 2613071 | 10167 | SH |  | SOLE |  | 0 | 0 | 10167 |
| INSTEEL INDS INC | COM | 45774W108 | BBG001SK9GV3 | 576267 | 18196 | SH |  | SOLE |  | 0 | 0 | 18196 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 1157074 | 31357 | SH |  | SOLE |  | 0 | 0 | 31357 |
| INTERNATIONAL SEAWAYS INC | COM | Y41053102 | BBG003MN93D8 | 687177 | 14154 | SH |  | SOLE |  | 0 | 0 | 14154 |
| ISHARES TR | BROAD USD HIGH | 46435U853 | BBG00J2DS0J6 | 2260993 | 60462 | SH |  | SOLE |  | 0 | 0 | 60462 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 | BBG001SQS9Y2 | 1632992 | 16961 | SH |  | SOLE |  | 0 | 0 | 16961 |
| ISHARES TR | MSCI INTL MOMENT | 46434V449 | BBG007WGK4B0 | 4191043 | 87368 | SH |  | SOLE |  | 0 | 0 | 87368 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 | BBG007WGM3H4 | 38718197 | 851886 | SH |  | SOLE |  | 0 | 0 | 851886 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 | BBG004FPV022 | 6075285 | 24271 | SH |  | SOLE |  | 0 | 0 | 24271 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 | BBG004TRTWW3 | 74134427 | 373248 | SH |  | SOLE |  | 0 | 0 | 373248 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 | BBG001SLS4Q3 | 2483316 | 23274 | SH |  | SOLE |  | 0 | 0 | 23274 |
| KRAFT HEINZ CO | COM | 500754106 | BBG005CPNTR1 | 2484777 | 102465 | SH |  | SOLE |  | 0 | 0 | 102465 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 | BBG01MMT6PQ2 | 2832937 | 11292 | SH |  | SOLE |  | 0 | 0 | 11292 |
| LENNAR CORP | CL A | 526057104 | BBG001S5SRK3 | 3871551 | 37661 | SH |  | SOLE |  | 0 | 0 | 37661 |
| LOUISIANA PAC CORP | COM | 546347105 | BBG001S5SW04 | 680241 | 8423 | SH |  | SOLE |  | 0 | 0 | 8423 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 | BBG001T8LMY9 | 1926460 | 44491 | SH |  | SOLE |  | 0 | 0 | 44491 |
| M/I HOMES INC | COM | 55305B101 | BBG001S7HGC4 | 885030 | 6917 | SH |  | SOLE |  | 0 | 0 | 6917 |
| MAGNOLIA OIL  GAS CORP | CL A | 559663109 | BBG00GNC8DM1 | 683297 | 31215 | SH |  | SOLE |  | 0 | 0 | 31215 |
| MALIBU BOATS INC | COM CL A | 56117J100 | BBG005PXTR61 | 246668 | 8744 | SH |  | SOLE |  | 0 | 0 | 8744 |
| MATADOR RES CO | COM | 576485205 | BBG001T3L5S4 | 596324 | 14051 | SH |  | SOLE |  | 0 | 0 | 14051 |
| MERITAGE HOMES CORP | COM | 59001A102 | BBG001S9F527 | 704718 | 10710 | SH |  | SOLE |  | 0 | 0 | 10710 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 10308626 | 15617 | SH |  | SOLE |  | 0 | 0 | 15617 |
| METALLUS INC | COM | 887399103 | BBG0057SF208 | 724409 | 42215 | SH |  | SOLE |  | 0 | 0 | 42215 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 4228421 | 53565 | SH |  | SOLE |  | 0 | 0 | 53565 |
| METROPOLITAN BK HLDG CORP | COM | 591774104 | BBG001V0P380 | 1032922 | 13527 | SH |  | SOLE |  | 0 | 0 | 13527 |
| MGIC INVT CORP WIS | COM | 552848103 | BBG001S6SFR0 | 1007126 | 34467 | SH |  | SOLE |  | 0 | 0 | 34467 |
| MGP INGREDIENTS INC NEW | COM | 55303J106 | BBG001S5XTL2 | 718891 | 29584 | SH |  | SOLE |  | 0 | 0 | 29584 |
| MILLROSE PPTYS INC | COM CL A | 601137102 | BBG01RQYH427 | 645789 | 21620 | SH |  | SOLE |  | 0 | 0 | 21620 |
| MOSAIC CO NEW | COM | 61945C103 | BBG001S7LJN1 | 680206 | 28236 | SH |  | SOLE |  | 0 | 0 | 28236 |
| NMI HLDGS INC | COM | 629209305 | BBG005DLMPF1 | 928258 | 22757 | SH |  | SOLE |  | 0 | 0 | 22757 |
| NUCOR CORP | COM | 670346105 | BBG001S5TRV0 | 7036501 | 42992 | SH |  | SOLE |  | 0 | 0 | 42992 |
| NVR INC | COM | 62944T105 | BBG001S5TSM8 | 2443078 | 335 | SH |  | SOLE |  | 0 | 0 | 335 |
| OFG BANCORP | COM | 67103X102 | BBG001S9J8R0 | 1263250 | 30602 | SH |  | SOLE |  | 0 | 0 | 30602 |
| OLIN CORP | COM PAR $1 | 680665205 | BBG001S5TWW8 | 744693 | 35751 | SH |  | SOLE |  | 0 | 0 | 35751 |
| ON SEMICONDUCTOR CORP | COM | 682189105 | BBG001SF7RS6 | 2815800 | 52000 | SH |  | SOLE |  | 0 | 0 | 52000 |
| OVINTIV INC | COM | 69047Q102 | BBG00R2NHQ74 | 677360 | 17284 | SH |  | SOLE |  | 0 | 0 | 17284 |
| OXFORD INDS INC | COM | 691497309 | BBG001S5TZF0 | 628254 | 18370 | SH |  | SOLE |  | 0 | 0 | 18370 |
| PAGSEGURO DIGITAL LTD | COM CL A | G68707101 | BBG00JM7QCG6 | 731878 | 75921 | SH |  | SOLE |  | 0 | 0 | 75921 |
| PEABODY ENERGY CORP | COM | 704551100 | BBG00GBV89J5 | 735432 | 24762 | SH |  | SOLE |  | 0 | 0 | 24762 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 | BBG00D61Y2G3 | 690389 | 49208 | SH |  | SOLE |  | 0 | 0 | 49208 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 2373319 | 95314 | SH |  | SOLE |  | 0 | 0 | 95314 |
| POPULAR INC | COM NEW | 733174700 | BBG001S5PC01 | 1237918 | 9882 | SH |  | SOLE |  | 0 | 0 | 9882 |
| PREFERRED BK LOS ANGELES CA | COM NEW | 740367404 | BBG001S9SFK1 | 1006907 | 10663 | SH |  | SOLE |  | 0 | 0 | 10663 |
| PRICE T ROWE GROUP INC | COM | 74144T108 | BBG001S5WW18 | 1842123 | 17993 | SH |  | SOLE |  | 0 | 0 | 17993 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 | BBG001SD3148 | 5402245 | 61243 | SH |  | SOLE |  | 0 | 0 | 61243 |
| PRUDENTIAL FINL INC | COM | 744320102 | BBG001S97MM7 | 4079145 | 36137 | SH |  | SOLE |  | 0 | 0 | 36137 |
| PULTE GROUP INC | COM | 745867101 | BBG001S5V5K7 | 1244537 | 10590 | SH |  | SOLE |  | 0 | 0 | 10590 |
| QCR HOLDINGS INC | COM | 74727A104 | BBG001SJTPZ0 | 962891 | 11551 | SH |  | SOLE |  | 0 | 0 | 11551 |
| RBB BANCORP | COM | 74930B105 | BBG002537TD8 | 654638 | 31717 | SH |  | SOLE |  | 0 | 0 | 31717 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 | BBG001S6PX49 | 4648973 | 6023 | SH |  | SOLE |  | 0 | 0 | 6023 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 | BBG001S6T1Z1 | 679563 | 2417 | SH |  | SOLE |  | 0 | 0 | 2417 |
| ROBERT HALF INC. | COM | 770323103 | BBG001S5VP41 | 740301 | 27257 | SH |  | SOLE |  | 0 | 0 | 27257 |
| RPC INC | COM | 749660106 | BBG001S5VN37 | 686577 | 126209 | SH |  | SOLE |  | 0 | 0 | 126209 |
| SCHNEIDER NATIONAL INC | CL B | 80689H102 | BBG001SF1R75 | 748057 | 28096 | SH |  | SOLE |  | 0 | 0 | 28096 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 | BBG0051QPC87 | 36008226 | 998564 | SH |  | SOLE |  | 0 | 0 | 998564 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 | BBG0051K49J8 | 35332246 | 781514 | SH |  | SOLE |  | 0 | 0 | 781514 |
| SCORPIO TANKERS INC | SHS | Y7542C130 | BBG001T6B9Q2 | 663992 | 13063 | SH |  | SOLE |  | 0 | 0 | 13063 |
| SHUTTERSTOCK INC | COM | 825690100 | BBG002ZCK3M7 | 730365 | 38239 | SH |  | SOLE |  | 0 | 0 | 38239 |
| SIGNET JEWELERS LIMITED | SHS | G81276100 | BBG001S7FKS0 | 704397 | 8499 | SH |  | SOLE |  | 0 | 0 | 8499 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 | BBG001SCYWS2 | 1153998 | 18199 | SH |  | SOLE |  | 0 | 0 | 18199 |
| SM ENERGY CO | COM | 78454L100 | BBG001S6W0J7 | 682365 | 36104 | SH |  | SOLE |  | 0 | 0 | 36104 |
| SOCIEDAD QUIMICA Y MINERA DE | SPON ADR SER B | 833635105 | BBG001S7G2C6 | 4300000 | 62500 | SH |  | SOLE |  | 0 | 0 | 62500 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 | BBG001STKCW9 | 4020621 | 43999 | SH |  | SOLE |  | 0 | 0 | 43999 |
| STEEL DYNAMICS INC | COM | 858119100 | BBG001S98JK5 | 2087496 | 12283 | SH |  | SOLE |  | 0 | 0 | 12283 |
| STEWART INFORMATION SVCS COR | COM | 860372101 | BBG001S7KRL6 | 908813 | 12935 | SH |  | SOLE |  | 0 | 0 | 12935 |
| STURM RUGER  CO INC | COM | 864159108 | BBG001S6LMJ1 | 339593 | 10401 | SH |  | SOLE |  | 0 | 0 | 10401 |
| SYLVAMO CORP | COMMON STOCK | 871332102 | BBG0122M8040 | 735154 | 15268 | SH |  | SOLE |  | 0 | 0 | 15268 |
| SYNCHRONY FINANCIAL | COM | 87165B103 | BBG00658F3Q2 | 8868609 | 106300 | SH |  | SOLE |  | 0 | 0 | 106300 |
| TAYLOR MORRISON HOME CORP | COM | 87724P106 | BBG003PGJJF2 | 652220 | 11079 | SH |  | SOLE |  | 0 | 0 | 11079 |
| TEEKAY TANKERS LTD | CL A | G8726X106 | BBG001SSHNW1 | 708937 | 13271 | SH |  | SOLE |  | 0 | 0 | 13271 |
| TEGNA INC | COM | 87901J105 | BBG001S5RHD4 | 651023 | 33326 | SH |  | SOLE |  | 0 | 0 | 33326 |
| THE CIGNA GROUP | COM | 125523100 | BBG00KXRCDQ9 | 3460467 | 12573 | SH |  | SOLE |  | 0 | 0 | 12573 |
| THOR INDS INC | COM | 885160101 | BBG001S5WPH6 | 584500 | 5693 | SH |  | SOLE |  | 0 | 0 | 5693 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG001S5R103 | 4515654 | 15568 | SH |  | SOLE |  | 0 | 0 | 15568 |
| TRI POINTE HOMES INC | COM | 87265H109 | BBG001TCN6V6 | 514535 | 16350 | SH |  | SOLE |  | 0 | 0 | 16350 |
| TYSON FOODS INC | CL A | 902494103 | BBG001S871D5 | 1578168 | 26922 | SH |  | SOLE |  | 0 | 0 | 26922 |
| UFP INDUSTRIES INC | COM | 90278Q108 | BBG001S7GZG9 | 733135 | 8052 | SH |  | SOLE |  | 0 | 0 | 8052 |
| UNIVERSAL INS HLDGS INC | COM | 91359V107 | BBG001S5QC19 | 1309040 | 38729 | SH |  | SOLE |  | 0 | 0 | 38729 |
| USANA HEALTH SCIENCES INC | COM | 90328M107 | BBG001S79BP0 | 353340 | 18000 | SH |  | SOLE |  | 0 | 0 | 18000 |
| VALERO ENERGY CORP | COM | 91913Y100 | BBG001S5X8K9 | 2562477 | 15741 | SH |  | SOLE |  | 0 | 0 | 15741 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 | BBG001ST39Q2 | 981770 | 12457 | SH |  | SOLE |  | 0 | 0 | 12457 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | BBG001SMD2X3 | 2508314 | 28346 | SH |  | SOLE |  | 0 | 0 | 28346 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 1360156 | 4057 | SH |  | SOLE |  | 0 | 0 | 4057 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 77409208 | 405305 | SH |  | SOLE |  | 0 | 0 | 405305 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 | BBG01S6YYQV7 | 3458050 | 45844 | SH |  | SOLE |  | 0 | 0 | 45844 |
| VANGUARD INTL EQUITY INDEX F | GLB EX US ETF | 922042676 | BBG001TCVT65 | 1188880 | 25935 | SH |  | SOLE |  | 0 | 0 | 25935 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 | BBG001T2YZG9 | 1165148 | 8260 | SH |  | SOLE |  | 0 | 0 | 8260 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 | BBG003H12XS7 | 1012288 | 20467 | SH |  | SOLE |  | 0 | 0 | 20467 |
| VANGUARD MUN BD FDS | INTERMEDIATE TRM | 922907738 | BBG01L82CC36 | 221400296 | 2195778 | SH |  | SOLE |  | 0 | 0 | 2195778 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 | BBG009THVRX1 | 16604664 | 330178 | SH |  | SOLE |  | 0 | 0 | 330178 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 | BBG001T62MF5 | 5687209 | 120799 | SH |  | SOLE |  | 0 | 0 | 120799 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 | BBG001T62M74 | 12032503 | 204878 | SH |  | SOLE |  | 0 | 0 | 204878 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 20563898 | 257919 | SH |  | SOLE |  | 0 | 0 | 257919 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 | BBG001TJR1D8 | 443906 | 5884 | SH |  | SOLE |  | 0 | 0 | 5884 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 17040609 | 118733 | SH |  | SOLE |  | 0 | 0 | 118733 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 | BBG00C868SD7 | 13787759 | 153197 | SH |  | SOLE |  | 0 | 0 | 153197 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 2746872 | 67441 | SH |  | SOLE |  | 0 | 0 | 67441 |
| WARRIOR MET COAL INC | COM | 93627C101 | BBG00GD1JNK4 | 1346268 | 15269 | SH |  | SOLE |  | 0 | 0 | 15269 |
| WESTLAKE CORPORATION | COM | 960413102 | BBG001SHVYF4 | 385597 | 5215 | SH |  | SOLE |  | 0 | 0 | 5215 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 | BBG001S5XL11 | 1683980 | 71084 | SH |  | SOLE |  | 0 | 0 | 71084 |
| WINNEBAGO INDS INC | COM | 974637100 | BBG001S5XFG8 | 778389 | 19210 | SH |  | SOLE |  | 0 | 0 | 19210 |
| WISDOMTREE TR | EMG MKTS SMCAP | 97717W281 | BBG001SRPT24 | 25441126 | 444464 | SH |  | SOLE |  | 0 | 0 | 444464 |
| ZIM INTEGRATED SHIPPING SERV | SHS | M9T951109 | BBG00YQ7XRV1 | 594100 | 27984 | SH |  | SOLE |  | 0 | 0 | 27984 |

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