# EDGAR Filing Document

**Accession Number:** 0001923173
**File Stem:** 0001085146-23-000580
**Filing Date:** 2023-2
**Character Count:** 20280
**Document Hash:** 5e52e6f26012b0b84cb32d799851d26b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-000580.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001085146-23-000580

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**EFFECTIVENESS DATE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Leeward Investments, LLC - MA
- **CENTRAL INDEX KEY:** 0001923173
- **IRS NUMBER:** 372005153
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22464
- **FILM NUMBER:** 23579144

**BUSINESS ADDRESS:**
- **STREET 1:** ONE BOSTON PLACE
- **STREET 2:** 201 WASHINGTON STREET, 29TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02108
- **BUSINESS PHONE:** 617-468-6710

**MAIL ADDRESS:**
- **STREET 1:** ONE BOSTON PLACE
- **STREET 2:** 201 WASHINGTON STREET, 29TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02108

### 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:** Leeward Investments LLC - MA<br>**Address:** ONE BOSTON PLACE<br>201 WASHINGTON STREET 29TH FLOOR<br>BOSTON, MA 02108

**Form 13F File Number:** 028-22464

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:** Patricia A. Thompson<br>**Title:** Chief Compliance Officer<br>**Phone:** 617-468-6710

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

/s/Patricia A. Thompson  Boston, MA  02-02-2023<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:** 2

**Form 13F Information Table Entry Total:** 141

**Form 13F Information Table Value Total:** $2258109530

      (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   |
|:---|:---|:---|
|  | SEI INVESTMENTS MANAGEMENT CORP | 028-16475              |
|  | SEI INVESTMENTS CO              | 028-16454              |

### 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 |
| AERCAP HOLDINGS NV | SHS | N00985106 | BBG001SNX4Y4 | 12261255 | 210241 | SH |  | SOLE | 1 | 202128 | 0 | 8113 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 | BBG001S7YHX0 | 13474091 | 159835 | SH |  | SOLE | 1 | 153599 | 0 | 6236 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 | BBG001S6CPH6 | 14227006 | 97666 | SH |  | SOLE | 1 | 93860 | 0 | 3806 |
| ALLSTATE CORP | COM | 020002101 | BBG001S9BM06 | 19195672 | 141561 | SH |  | SOLE | 1 | 135943 | 0 | 5618 |
| ALTRA INDL MOTION CORP | COM | 02208R106 | BBG001SRNL96 | 17218217 | 288171 | SH |  | SOLE | 2 | 246176 | 0 | 41995 |
| AMEDISYS INC | COM | 023436108 | BBG001S5NN72 | 11513232 | 137817 | SH |  | SOLE | 2 | 116956 | 0 | 20861 |
| AMERICAN EAGLE OUTFITTERS IN | COM | 02553E106 | BBG001S7Q949 | 10057328 | 720439 | SH |  | SOLE | 2 | 612794 | 0 | 107645 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 | BBG001S5NJG1 | 20629837 | 326215 | SH |  | SOLE | 1 | 313422 | 0 | 12793 |
| AMERIPRISE FINL INC | COM | 03076C106 | BBG001SK6096 | 21973692 | 70571 | SH |  | SOLE | 1 | 67778 | 0 | 2793 |
| AMERISOURCEBERGEN CORP | COM | 03073E105 | BBG001S8X7P0 | 17164573 | 103582 | SH |  | SOLE | 1 | 99556 | 0 | 4026 |
| AXALTA COATING SYS LTD | COM | G0750C108 | BBG0060CPLK3 | 25150835 | 987469 | SH |  | SOLE | 12 | 899296 | 0 | 88173 |
| AZEK CO INC | CL A | 05478C105 | BBG00RP7FY15 | 10319695 | 507859 | SH |  | SOLE | 2 | 432404 | 0 | 75455 |
| BANKUNITED INC | COM | 06652K103 | BBG001T5W6B3 | 23394765 | 688689 | SH |  | SOLE | 2 | 588157 | 0 | 100532 |
| BELDEN INC | COM | 077454106 | BBG001SM6Z59 | 13382531 | 186127 | SH |  | SOLE | 2 | 159011 | 0 | 27116 |
| BERRY GLOBAL GROUP INC | COM | 08579W103 | BBG001T6B4W6 | 15604295 | 258221 | SH |  | SOLE | 1 | 248152 | 0 | 10069 |
| BLACK HILLS CORP | COM | 092113109 | BBG001S5P6X8 | 13815620 | 196412 | SH |  | SOLE | 2 | 167772 | 0 | 28640 |
| BORGWARNER INC | COM | 099724106 | BBG001S7F4D2 | 13823863 | 343450 | SH |  | SOLE | 1 | 330090 | 0 | 13360 |
| BWX TECHNOLOGIES INC | COM | 05605H100 | BBG001SGJPH7 | 16481594 | 283774 | SH |  | SOLE | 2 | 241117 | 0 | 42657 |
| CABOT CORP | COM | 127055101 | BBG001S5PK58 | 9060563 | 135556 | SH |  | SOLE | 2 | 115799 | 0 | 19757 |
| CACI INTL INC | CL A | 127190304 | BBG001SF9NK1 | 20000357 | 66537 | SH |  | SOLE | 2 | 56592 | 0 | 9945 |
| CACTUS INC | CL A | 127203107 | BBG00JRH1Q02 | 16166431 | 321656 | SH |  | SOLE | 2 | 273587 | 0 | 48069 |
| CARTERS INC | COM | 146229109 | BBG001SCJ3Q5 | 12217537 | 163752 | SH |  | SOLE | 12 | 149659 | 0 | 14093 |
| CASEYS GEN STORES INC | COM | 147528103 | BBG001S5PHZ2 | 12320853 | 54918 | SH |  | SOLE | 1 | 52775 | 0 | 2143 |
| CENTENE CORP DEL | COM | 15135B101 | BBG001S6T7Q8 | 15104192 | 184175 | SH |  | SOLE | 1 | 176966 | 0 | 7209 |
| CENTERPOINT ENERGY INC | COM | 15189T107 | BBG001SB10S0 | 18578235 | 619481 | SH |  | SOLE | 1 | 595230 | 0 | 24251 |
| CHAMPIONX CORPORATION | COM | 15872M104 | BBG00JH9V005 | 29850887 | 1029696 | SH |  | SOLE | 12 | 927447 | 0 | 102249 |
| CHEESECAKE FACTORY INC | COM | 163072101 | BBG001S71Q75 | 2149018 | 67771 | SH |  | SOLE | 2 | 57813 | 0 | 9958 |
| CHIMERA INVT CORP | COM NEW | 16934Q208 | BBG001SR1G28 | 17222744 | 3131408 | SH |  | SOLE | 12 | 2788613 | 0 | 342795 |
| CIRCOR INTL INC | COM | 17273K109 | BBG001S6PMR8 | 8862301 | 369879 | SH |  | SOLE | 2 | 314495 | 0 | 55384 |
| CLEAN HARBORS INC | COM | 184496107 | BBG001S5PW98 | 41186479 | 360905 | SH |  | SOLE | 12 | 328520 | 0 | 32385 |
| COLUMBIA SPORTSWEAR CO | COM | 198516106 | BBG001S90WD2 | 13305592 | 151925 | SH |  | SOLE | 1 | 146130 | 0 | 5795 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 13816008 | 59616 | SH |  | SOLE | 1 | 57280 | 0 | 2336 |
| CORPORATE OFFICE PPTYS TR | SH BEN INT | 22002T108 | BBG001S5XVM6 | 13947964 | 537701 | SH |  | SOLE | 2 | 459339 | 0 | 78362 |
| COTERRA ENERGY INC | COM | 127097103 | BBG001S6H6Y4 | 18290832 | 744438 | SH |  | SOLE | 1 | 715323 | 0 | 29115 |
| DARLING INGREDIENTS INC | COM | 237266101 | BBG001SB7RP8 | 21304572 | 340383 | SH |  | SOLE | 1 | 327113 | 0 | 13270 |
| DIGITAL RLTY TR INC | COM | 253868103 | BBG001SM0K30 | 11579781 | 115486 | SH |  | SOLE | 1 | 110850 | 0 | 4636 |
| DOLLAR TREE INC | COM | 256746108 | BBG001S6ZGL6 | 16682424 | 117947 | SH |  | SOLE | 1 | 113332 | 0 | 4615 |
| DORMAN PRODS INC | COM | 258278100 | BBG001S5S932 | 13063497 | 161537 | SH |  | SOLE | 2 | 137983 | 0 | 23554 |
| DOVER CORP | COM | 260003108 | BBG001S5QL46 | 19085227 | 140944 | SH |  | SOLE | 1 | 135306 | 0 | 5638 |
| DTE ENERGY CO | COM | 233331107 | BBG001S5QN88 | 14300345 | 121674 | SH |  | SOLE | 1 | 116908 | 0 | 4766 |
| EMCOR GROUP INC | COM | 29084Q100 | BBG001S5QVG1 | 18225676 | 123055 | SH |  | SOLE | 2 | 104703 | 0 | 18352 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 | BBG001S5Q5B3 | 43423316 | 726021 | SH |  | SOLE | 12 | 653247 | 0 | 72774 |
| ENERPAC TOOL GROUP CORP | CL A COM | 292765104 | BBG001S5NYQ7 | 8828987 | 346915 | SH |  | SOLE | 2 | 296313 | 0 | 50602 |
| ENPRO INDS INC | COM | 29355X107 | BBG001SCK8H2 | 16711740 | 153756 | SH |  | SOLE | 2 | 131348 | 0 | 22408 |
| ENTERGY CORP NEW | COM | 29364G103 | BBG001S67KF5 | 15851925 | 140906 | SH |  | SOLE | 1 | 135395 | 0 | 5511 |
| ENVISTA HOLDINGS CORPORATION | COM | 29415F104 | BBG00LN4B6D9 | 24739504 | 734764 | SH |  | SOLE | 12 | 660816 | 0 | 73948 |
| ESSEX PPTY TR INC | COM | 297178105 | BBG001S81418 | 9530042 | 44970 | SH |  | SOLE | 1 | 43207 | 0 | 1763 |
| EVERGY INC | COM | 30034W106 | BBG00H433CS1 | 15148950 | 240727 | SH |  | SOLE | 1 | 231311 | 0 | 9416 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 | BBG001SKWX40 | 17809634 | 105115 | SH |  | SOLE | 2 | 89788 | 0 | 15327 |
| F5 INC | COM | 315616102 | BBG001SCP8D1 | 13591832 | 94710 | SH |  | SOLE | 1 | 91039 | 0 | 3671 |
| FIRST INTST BANCSYSTEM INC | COM CL A | 32055Y201 | BBG001S9F1B6 | 29335698 | 759009 | SH |  | SOLE | 2 | 648273 | 0 | 110736 |
| FMC CORP | COM NEW | 302491303 | BBG001S5R880 | 21173693 | 169661 | SH |  | SOLE | 1 | 163071 | 0 | 6590 |
| GATES INDL CORP PLC | ORD SHS | G39108108 | BBG00JM9V7T3 | 9156137 | 802466 | SH |  | SOLE | 2 | 679330 | 0 | 123136 |
| GLOBAL PMTS INC | COM | 37940X102 | BBG001SGS2Z8 | 13897252 | 139924 | SH |  | SOLE | 1 | 134371 | 0 | 5553 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 | BBG001S5RQ62 | 7294856 | 718705 | SH |  | SOLE | 2 | 610966 | 0 | 107739 |
| HAIN CELESTIAL GROUP INC | COM | 405217100 | BBG001SBCKV0 | 10663947 | 659082 | SH |  | SOLE | 12 | 581508 | 0 | 77574 |
| HARMONIC INC | COM | 413160102 | BBG001S73CC8 | 19064312 | 1455291 | SH |  | SOLE | 2 | 1243041 | 0 | 212250 |
| HARSCO CORP | COM | 415864107 | BBG001S5S0V0 | 3289362 | 522951 | SH |  | SOLE | 2 | 443816 | 0 | 79135 |
| HASBRO INC | COM | 418056107 | BBG001S5RSQ6 | 9168888 | 150285 | SH |  | SOLE | 1 | 144427 | 0 | 5858 |
| HELMERICH  PAYNE INC | COM | 423452101 | BBG001S5RZP1 | 11129704 | 224525 | SH |  | SOLE | 2 | 190971 | 0 | 33554 |
| HEXCEL CORP NEW | COM | 428291108 | BBG001S5S2J0 | 25131010 | 427035 | SH |  | SOLE | 12 | 385943 | 0 | 41092 |
| HILLENBRAND INC | COM | 431571108 | BBG001STH2P3 | 6252606 | 146534 | SH |  | SOLE | 2 | 124606 | 0 | 21928 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 | BBG001S5RY83 | 7287856 | 454072 | SH |  | SOLE | 1 | 436553 | 0 | 17519 |
| HOSTESS BRANDS INC | CL A | 44109J106 | BBG00B6KGPB9 | 12647431 | 563611 | SH |  | SOLE | 2 | 481537 | 0 | 82074 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 | BBG001V0PDL3 | 6994910 | 30323 | SH |  | SOLE | 1 | 29148 | 0 | 1175 |
| HURON CONSULTING GROUP INC | COM | 447462102 | BBG001SLSXM3 | 30068089 | 414161 | SH |  | SOLE | 2 | 353807 | 0 | 60354 |
| IDACORP INC | COM | 451107106 | BBG001S5S4M2 | 17048820 | 158079 | SH |  | SOLE | 2 | 135029 | 0 | 23050 |
| INDEPENDENT BK CORP MASS | COM | 453836108 | BBG001S5S8F1 | 21398024 | 253441 | SH |  | SOLE | 2 | 216526 | 0 | 36915 |
| INGEVITY CORP | COM | 45688C107 | BBG009LM2988 | 13898516 | 197310 | SH |  | SOLE | 2 | 168567 | 0 | 28743 |
| INGREDION INC | COM | 457187102 | BBG001SBH4X9 | 35992898 | 367537 | SH |  | SOLE | 12 | 333037 | 0 | 34500 |
| INNOSPEC INC | COM | 45768S105 | BBG001S8RTD2 | 8349146 | 81170 | SH |  | SOLE | 2 | 69351 | 0 | 11819 |
| INTEGRA LIFESCIENCES HLDGS C | COM NEW | 457985208 | BBG001S7JWM6 | 20623107 | 367810 | SH |  | SOLE | 2 | 314214 | 0 | 53596 |
| INTERNATIONAL FLAVORS | COM | 459506101 | BBG001S5S5F7 | 10379055 | 98999 | SH |  | SOLE | 1 | 95039 | 0 | 3960 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 | BBG001S56277 | 26952317 | 194363 | SH |  | SOLE | 2 | 180053 | 0 | 14310 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 | BBG001S561V2 | 8545497 | 81123 | SH |  | SOLE | 1 | 73843 | 0 | 7280 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 347499 | 1993 | SH |  | SOLE |  | 1993 | 0 | 0 |
| ITT INC | COM | 45073V108 | BBG00CVQZQB3 | 20210444 | 249204 | SH |  | SOLE | 2 | 211761 | 0 | 37443 |
| KELLY SVCS INC | CL A | 488152208 | BBG001S5SKH2 | 5758303 | 340728 | SH |  | SOLE | 2 | 288624 | 0 | 52104 |
| KORN FERRY | COM NEW | 500643200 | BBG001SC0054 | 14238849 | 281289 | SH |  | SOLE | 2 | 239245 | 0 | 42044 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 | BBG001S7RX54 | 16642549 | 70675 | SH |  | SOLE | 1 | 67844 | 0 | 2831 |
| LAMB WESTON HLDGS INC | COM | 513272104 | BBG003CVMLR1 | 16571008 | 185441 | SH |  | SOLE | 1 | 178211 | 0 | 7230 |
| LANCASTER COLONY CORP | COM | 513847103 | BBG001S5SPQ1 | 8166247 | 41390 | SH |  | SOLE | 2 | 35362 | 0 | 6028 |
| LEIDOS HOLDINGS INC | COM | 525327102 | BBG001SKW6M9 | 10457779 | 99418 | SH |  | SOLE | 1 | 95538 | 0 | 3880 |
| LIVENT CORP | COM | 53814L108 | BBG00LV3NRJ7 | 31865777 | 1603713 | SH |  | SOLE | 12 | 1437745 | 0 | 165968 |
| LKQ CORP | COM | 501889208 | BBG001SCCPJ1 | 18346175 | 343497 | SH |  | SOLE | 1 | 330128 | 0 | 13369 |
| LUMENTUM HLDGS INC | COM | 55024U109 | BBG0073F9RS8 | 13352598 | 255944 | SH |  | SOLE | 2 | 217229 | 0 | 38715 |
| MACOM TECH SOLUTIONS HLDGS I | COM | 55405Y100 | BBG001T4BB37 | 6799951 | 107970 | SH |  | SOLE | 2 | 92275 | 0 | 15695 |
| MADDEN STEVEN LTD | COM | 556269108 | BBG001S7JHQ5 | 11532862 | 360853 | SH |  | SOLE | 2 | 308243 | 0 | 52610 |
| MASONITE INTL CORP | COM | 575385109 | BBG001T51RT2 | 13640018 | 169210 | SH |  | SOLE | 2 | 144547 | 0 | 24663 |
| MGIC INVT CORP WIS | COM | 552848103 | BBG001S6SFR0 | 10482056 | 806312 | SH |  | SOLE | 2 | 688849 | 0 | 117463 |
| MGP INGREDIENTS INC NEW | COM | 55303J106 | BBG001S5XTL2 | 10247479 | 96329 | SH |  | SOLE | 2 | 82127 | 0 | 14202 |
| MURPHY USA INC | COM | 626755102 | BBG001Z0Q6V2 | 20853684 | 74600 | SH |  | SOLE | 2 | 63736 | 0 | 10864 |
| NATIONAL INSTRS CORP | COM | 636518102 | BBG001S8FKK6 | 15250918 | 413304 | SH |  | SOLE | 2 | 353031 | 0 | 60273 |
| NATIONAL STORAGE AFFILIATES | COM SHS BEN IN | 637870106 | BBG008417VP2 | 13438193 | 372043 | SH |  | SOLE | 2 | 315718 | 0 | 56325 |
| NEWMARK GROUP INC | CL A | 65158N102 | BBG00J24S7X5 | 10313363 | 1294023 | SH |  | SOLE | 2 | 1105280 | 0 | 188743 |
| NISOURCE INC | COM | 65473P105 | BBG001S5TMF9 | 15501678 | 565342 | SH |  | SOLE | 1 | 543289 | 0 | 22053 |
| NMI HLDGS INC | CL A | 629209305 | BBG005DLMPF1 | 7408757 | 354486 | SH |  | SOLE | 2 | 302847 | 0 | 51639 |
| NUVASIVE INC | COM | 670704105 | BBG001SK3C57 | 9365398 | 227095 | SH |  | SOLE | 2 | 192810 | 0 | 34285 |
| O-I GLASS INC | COM | 67098H104 | BBG00R2JZG48 | 18169469 | 1096528 | SH |  | SOLE | 2 | 936794 | 0 | 159734 |
| OLD NATL BANCORP IND | COM | 680033107 | BBG001SD2ZG1 | 18801111 | 1045668 | SH |  | SOLE | 2 | 893558 | 0 | 152110 |
| OXFORD INDS INC | COM | 691497309 | BBG001S5TZF0 | 6640286 | 71263 | SH |  | SOLE | 2 | 60879 | 0 | 10384 |
| PACWEST BANCORP DEL | COM | 695263103 | BBG001SFDBF8 | 10219314 | 445286 | SH |  | SOLE | 2 | 377829 | 0 | 67457 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG001S5V554 | 11281488 | 38768 | SH |  | SOLE | 1 | 37251 | 0 | 1517 |
| PDC ENERGY INC | COM | 69327R101 | BBG001S5V439 | 19761387 | 311301 | SH |  | SOLE | 2 | 264736 | 0 | 46565 |
| PERFORMANCE FOOD GROUP CO | COM | 71377A103 | BBG009XW2WC7 | 16331625 | 279699 | SH |  | SOLE | 2 | 238964 | 0 | 40735 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 | BBG001SF5953 | 29535866 | 402396 | SH |  | SOLE | 12 | 357072 | 0 | 45324 |
| PIONEER NAT RES CO | COM | 723787107 | BBG001S7V1J4 | 24137854 | 105687 | SH |  | SOLE | 1 | 101561 | 0 | 4126 |
| PORTLAND GEN ELEC CO | COM NEW | 736508847 | BBG001S5V4Y5 | 26604452 | 542948 | SH |  | SOLE | 2 | 463812 | 0 | 79136 |
| PREMIER INC | CL A | 74051N102 | BBG001SJLD58 | 10860800 | 310486 | SH |  | SOLE | 2 | 265260 | 0 | 45226 |
| PRESTIGE CONSMR HEALTHCARE I | COM | 74112D101 | BBG001SH44F0 | 33911797 | 541722 | SH |  | SOLE | 2 | 462765 | 0 | 78957 |
| PRIMERICA INC | COM | 74164M108 | BBG001T5ZSQ6 | 19163853 | 135128 | SH |  | SOLE | 2 | 115464 | 0 | 19664 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 22820918 | 175938 | SH |  | SOLE | 1 | 169076 | 0 | 6862 |
| PTC INC | COM | 69370C100 | BBG001S6DNK6 | 11282440 | 93989 | SH |  | SOLE | 1 | 90328 | 0 | 3661 |
| QORVO INC | COM | 74736K101 | BBG007TJF1P5 | 10510614 | 115960 | SH |  | SOLE | 1 | 111413 | 0 | 4547 |
| REGAL REXNORD CORPORATION | COM | 758750103 | BBG001S5VL68 | 36445365 | 303762 | SH |  | SOLE | 12 | 277421 | 0 | 26341 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 | BBG001S6P9Q8 | 23594329 | 166052 | SH |  | SOLE | 1 | 159585 | 0 | 6467 |
| SCOTTS MIRACLE-GRO CO | CL A | 810186106 | BBG001S5W5H0 | 3251740 | 66922 | SH |  | SOLE | 1 | 64311 | 0 | 2611 |
| SELECT ENERGY SVCS INC | CL A COM | 81617J301 | BBG00G4Y2F27 | 7395058 | 800331 | SH |  | SOLE | 2 | 680563 | 0 | 119768 |
| SIGNATURE BK NEW YORK N Y | COM | 82669G104 | BBG001SGW2S1 | 11611065 | 100773 | SH |  | SOLE | 1 | 96842 | 0 | 3931 |
| SILGAN HOLDINGS INC | COM | 827048109 | BBG001S6VPD9 | 8162052 | 157447 | SH |  | SOLE | 2 | 134501 | 0 | 22946 |
| SNAP ON INC | COM | 833034101 | BBG001S5W688 | 14273085 | 62467 | SH |  | SOLE | 1 | 60038 | 0 | 2429 |
| SPIRE INC | COM | 84857L101 | BBG001S5SSD9 | 9832657 | 142792 | SH |  | SOLE | 2 | 121966 | 0 | 20826 |
| STAG INDL INC | COM | 85254J102 | BBG001T9F312 | 20196496 | 625085 | SH |  | SOLE | 2 | 533986 | 0 | 91099 |
| STANDEX INTL CORP | COM | 854231107 | BBG001S5WJ53 | 15221198 | 148630 | SH |  | SOLE | 2 | 126383 | 0 | 22247 |
| TEGNA INC | COM | 87901J105 | BBG001S5RHD4 | 3804813 | 179557 | SH |  | SOLE | 2 | 153419 | 0 | 26138 |
| TOPGOLF CALLAWAY BRANDS CORP | COM | 131193104 | BBG001S70DV8 | 12603838 | 638169 | SH |  | SOLE | 2 | 545131 | 0 | 93038 |
| TREEHOUSE FOODS INC | COM | 89469A104 | BBG001SP0625 | 38652837 | 782763 | SH |  | SOLE | 12 | 703236 | 0 | 79527 |
| UMPQUA HLDGS CORP | COM | 904214103 | BBG001SBSCN0 | 24084791 | 1349288 | SH |  | SOLE | 2 | 1152532 | 0 | 196756 |
| UNIVEST FINANCIAL CORPORATIO | COM | 915271100 | BBG001S6YQ99 | 12214495 | 467451 | SH |  | SOLE | 2 | 399211 | 0 | 68240 |
| URBAN OUTFITTERS INC | COM | 917047102 | BBG001S7H9K1 | 8917873 | 373915 | SH |  | SOLE | 2 | 319398 | 0 | 54517 |
| VALERO ENERGY CORP | COM | 91913Y100 | BBG001S5X8K9 | 9289577 | 73227 | SH |  | SOLE | 1 | 70328 | 0 | 2899 |
| VALMONT INDS INC | COM | 920253101 | BBG001S5X650 | 21933672 | 66331 | SH |  | SOLE | 2 | 56440 | 0 | 9891 |
| VALVOLINE INC | COM | 92047W101 | BBG003DNHV65 | 28581059 | 875377 | SH |  | SOLE | 12 | 790363 | 0 | 85014 |
| VIAVI SOLUTIONS INC | COM | 925550105 | BBG001S92GV5 | 15041082 | 1431121 | SH |  | SOLE | 2 | 1221759 | 0 | 209362 |
| WABTEC | COM | 929740108 | BBG001S5XBT3 | 15041567 | 150702 | SH |  | SOLE | 1 | 144824 | 0 | 5878 |
| WEBSTER FINL CORP | COM | 947890109 | BBG001S5XCP5 | 10072807 | 212776 | SH |  | SOLE | 1 | 204468 | 0 | 8308 |
| WEC ENERGY GROUP INC | COM | 92939U106 | BBG001S5XDC7 | 16694624 | 178057 | SH |  | SOLE | 1 | 171087 | 0 | 6970 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 | BBG001SLM522 | 37599692 | 631291 | SH |  | SOLE | 12 | 567957 | 0 | 63334 |
| WINTRUST FINL CORP | COM | 97650W108 | BBG001S945T0 | 26973797 | 319141 | SH |  | SOLE | 2 | 272550 | 0 | 46591 |
| YETI HLDGS INC | COM | 98585X104 | BBG00D8JC891 | 5723872 | 138559 | SH |  | SOLE | 2 | 117575 | 0 | 20984 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 | BBG001S7DQJ9 | 12682553 | 99471 | SH |  | SOLE | 1 | 95594 | 0 | 3877 |

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