# EDGAR Filing Document

**Accession Number:** 0002046834
**File Stem:** 0001941040-25-000468
**Filing Date:** 2025-8
**Character Count:** 38136
**Document Hash:** ed3bf364b11f3098d17dc9790f006dad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001941040-25-000468.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0001941040-25-000468

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250811

**DATE AS OF CHANGE**: 20250808

**EFFECTIVENESS DATE**: 20250811

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Integrated Quantitative Investments LLC
- **CENTRAL INDEX KEY:** 0002046834

**ORGANIZATION NAME:**
- **EIN:** 851830641
- **STATE OF INCORPORATION:** WA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25001
- **FILM NUMBER:** 251199844

**BUSINESS ADDRESS:**
- **STREET 1:** 4268 133RD AVE SE
- **CITY:** BELLEVUE
- **STATE:** WA
- **ZIP:** 98006
- **BUSINESS PHONE:** 6176862008

**MAIL ADDRESS:**
- **STREET 1:** 4268 133RD AVE SE
- **CITY:** BELLEVUE
- **STATE:** WA
- **ZIP:** 98006

### 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:** Integrated Quantitative Investments LLC<br>**Address:** 4268 133RD AVE SE<br>BELLEVUE, WA 98006

**Form 13F File Number:** 028-25001

**CRD Number (if applicable):** 000310106

**SEC File Number (if applicable):** 801-128606

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:** Kirsten Syverson<br>**Title:** Chief Compliance Officer<br>**Phone:** 617-686-2008

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

Kirsten Syverson  BELLEVUE, WA  08-08-2025<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:** 361

**Form 13F Information Table Value Total:** $340494827

      (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 |
| A10 NETWORKS INC | COM | 002121101 |  | 1170675 | 60500 | SH |  | SOLE |  | 0 | 0 | 60500 |
| ACI WORLDWIDE INC | COM | 004498101 |  | 1189895 | 25918 | SH |  | SOLE |  | 0 | 0 | 25918 |
| ADAPTHEALTH CORP | COMMON STOCK | 00653Q102 |  | 852472 | 90400 | SH |  | SOLE |  | 0 | 0 | 90400 |
| ADAPTIVE BIOTECHNOLOGIES COR | COM | 00650F109 |  | 424410 | 36430 | SH |  | SOLE |  | 0 | 0 | 36430 |
| ADDUS HOMECARE CORP | COM | 006739106 |  | 937992 | 8143 | SH |  | SOLE |  | 0 | 0 | 8143 |
| ADEIA INC | COM | 00676P107 |  | 869129 | 61466 | SH |  | SOLE |  | 0 | 0 | 61466 |
| ADOBE INC | COM | 00724F101 |  | 1108798 | 2866 | SH |  | SOLE |  | 0 | 0 | 2866 |
| ADTALEM GLOBAL ED INC | COM | 00737L103 |  | 1337187 | 10510 | SH |  | SOLE |  | 0 | 0 | 10510 |
| ADTRAN HOLDINGS INC | COM | 00486H105 |  | 289830 | 32311 | SH |  | SOLE |  | 0 | 0 | 32311 |
| AECOM | COM | 00766T100 |  | 963373 | 8536 | SH |  | SOLE |  | 0 | 0 | 8536 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 1673100 | 14300 | SH |  | SOLE |  | 0 | 0 | 14300 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 955959 | 8038 | SH |  | SOLE |  | 0 | 0 | 8038 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 317445 | 3980 | SH |  | SOLE |  | 0 | 0 | 3980 |
| ALARM COM HLDGS INC | COM | 011642105 |  | 923053 | 16317 | SH |  | SOLE |  | 0 | 0 | 16317 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 406539 | 18900 | SH |  | SOLE |  | 0 | 0 | 18900 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 3602695 | 31767 | SH |  | SOLE |  | 0 | 0 | 31767 |
| ALIGNMENT HEALTHCARE INC | COM | 01625V104 |  | 779338 | 55667 | SH |  | SOLE |  | 0 | 0 | 55667 |
| ALLSTATE CORP | COM | 020002101 |  | 875699 | 4350 | SH |  | SOLE |  | 0 | 0 | 4350 |
| ALLY FINL INC | COM | 02005N100 |  | 397290 | 10200 | SH |  | SOLE |  | 0 | 0 | 10200 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 4300364 | 24402 | SH |  | SOLE |  | 0 | 0 | 24402 |
| AMAZON COM INC | COM | 023135106 |  | 2119088 | 9659 | SH |  | SOLE |  | 0 | 0 | 9659 |
| AMEDISYS INC | COM | 023436108 |  | 945036 | 9605 | SH |  | SOLE |  | 0 | 0 | 9605 |
| AMERICAN COASTAL INS CORP | COM | 910710102 |  | 276888 | 24900 | SH |  | SOLE |  | 0 | 0 | 24900 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 737163 | 2311 | SH |  | SOLE |  | 0 | 0 | 2311 |
| AMERICAN PUB ED INC | COM | 02913V103 |  | 381847 | 12536 | SH |  | SOLE |  | 0 | 0 | 12536 |
| AMERICAN SUPERCONDUCTOR CORP | SHS NEW | 030111207 |  | 432355 | 11784 | SH |  | SOLE |  | 0 | 0 | 11784 |
| ANGIODYNAMICS INC | COM | 03475V101 |  | 241076 | 24302 | SH |  | SOLE |  | 0 | 0 | 24302 |
| APPLE INC | COM | 037833100 |  | 3552313 | 17314 | SH |  | SOLE |  | 0 | 0 | 17314 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 887803 | 2536 | SH |  | SOLE |  | 0 | 0 | 2536 |
| ARCELORMITTAL SA LUXEMBOURG | NY REGISTRY SH | 03938L203 |  | 2052700 | 65000 | SH |  | SOLE |  | 0 | 0 | 65000 |
| ARGAN INC | COM | 04010E109 |  | 1612370 | 7313 | SH |  | SOLE |  | 0 | 0 | 7313 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 1116100 | 10909 | SH |  | SOLE |  | 0 | 0 | 10909 |
| ARROW ELECTRS INC | COM | 042735100 |  | 420519 | 3300 | SH |  | SOLE |  | 0 | 0 | 3300 |
| ASGN INC | COM | 00191U102 |  | 204713 | 4100 | SH |  | SOLE |  | 0 | 0 | 4100 |
| ASTRONICS CORP | COM | 046433108 |  | 288698 | 8623 | SH |  | SOLE |  | 0 | 0 | 8623 |
| AUTODESK INC | COM | 052769106 |  | 1010127 | 3263 | SH |  | SOLE |  | 0 | 0 | 3263 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1018028 | 3301 | SH |  | SOLE |  | 0 | 0 | 3301 |
| AVEANNA HEALTHCARE HLDGS INC | COM | 05356F105 |  | 166727 | 31879 | SH |  | SOLE |  | 0 | 0 | 31879 |
| AVEPOINT INC | COM CL A | 053604104 |  | 311045 | 16108 | SH |  | SOLE |  | 0 | 0 | 16108 |
| AVNET INC | COM | 053807103 |  | 370817 | 6986 | SH |  | SOLE |  | 0 | 0 | 6986 |
| BADGER METER INC | COM | 056525108 |  | 1293336 | 5280 | SH |  | SOLE |  | 0 | 0 | 5280 |
| BANCO BILBAO VIZCAYA ARGENTA | SPONSORED ADR | 05946K101 |  | 3643213 | 237034 | SH |  | SOLE |  | 0 | 0 | 237034 |
| BANCO SANTANDER S.A. | ADR | 05964H105 |  | 4418123 | 532304 | SH |  | SOLE |  | 0 | 0 | 532304 |
| BARCLAYS PLC | ADR | 06738E204 |  | 1066378 | 57363 | SH |  | SOLE |  | 0 | 0 | 57363 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 908043 | 43614 | SH |  | SOLE |  | 0 | 0 | 43614 |
| BERKLEY W R CORP | COM | 084423102 |  | 791933 | 10779 | SH |  | SOLE |  | 0 | 0 | 10779 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1093954 | 2252 | SH |  | SOLE |  | 0 | 0 | 2252 |
| BERKSHIRE HILLS BANCORP INC | COM | 084680107 |  | 711336 | 28408 | SH |  | SOLE |  | 0 | 0 | 28408 |
| BILIBILI INC | SPONS ADS REP Z | 090040106 |  | 1336056 | 62287 | SH |  | SOLE |  | 0 | 0 | 62287 |
| BIOGEN INC | COM | 09062X103 |  | 354164 | 2820 | SH |  | SOLE |  | 0 | 0 | 2820 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 348345 | 6337 | SH |  | SOLE |  | 0 | 0 | 6337 |
| BJS RESTAURANTS INC | COM | 09180C106 |  | 274424 | 6153 | SH |  | SOLE |  | 0 | 0 | 6153 |
| BK TECHNOLOGIES CORPORATION | COM NEW | 05587G203 |  | 278067 | 5900 | SH |  | SOLE |  | 0 | 0 | 5900 |
| BLACKLINE INC | COM | 09239B109 |  | 1121869 | 19814 | SH |  | SOLE |  | 0 | 0 | 19814 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 1244687 | 215 | SH |  | SOLE |  | 0 | 0 | 215 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 853033 | 8192 | SH |  | SOLE |  | 0 | 0 | 8192 |
| BOWHEAD SPECIALTY HLDGS INC | COM SHS | 10240L102 |  | 356610 | 9502 | SH |  | SOLE |  | 0 | 0 | 9502 |
| BOX INC | CL A | 10316T104 |  | 1454036 | 42553 | SH |  | SOLE |  | 0 | 0 | 42553 |
| BRADY CORP | CL A | 104674106 |  | 1164734 | 17136 | SH |  | SOLE |  | 0 | 0 | 17136 |
| BREAD FINANCIAL HOLDINGS INC | COM | 018581108 |  | 376992 | 6600 | SH |  | SOLE |  | 0 | 0 | 6600 |
| BRF SA | SPONSORED ADR | 10552T107 |  | 412085 | 112900 | SH |  | SOLE |  | 0 | 0 | 112900 |
| BRIGHTVIEW HLDGS INC | COM | 10948C107 |  | 355444 | 21348 | SH |  | SOLE |  | 0 | 0 | 21348 |
| BRINKER INTL INC | COM | 109641100 |  | 1804743 | 10008 | SH |  | SOLE |  | 0 | 0 | 10008 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 494840 | 10690 | SH |  | SOLE |  | 0 | 0 | 10690 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 3375954 | 71328 | SH |  | SOLE |  | 0 | 0 | 71328 |
| BROADCOM INC | COM | 11135F101 |  | 581622 | 2110 | SH |  | SOLE |  | 0 | 0 | 2110 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 879283 | 3618 | SH |  | SOLE |  | 0 | 0 | 3618 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 264886 | 2270 | SH |  | SOLE |  | 0 | 0 | 2270 |
| CAPITAL CITY BK GROUP INC | COM | 139674105 |  | 336128 | 8542 | SH |  | SOLE |  | 0 | 0 | 8542 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 524879 | 2467 | SH |  | SOLE |  | 0 | 0 | 2467 |
| CARGURUS INC | COM CL A | 141788109 |  | 1211614 | 36200 | SH |  | SOLE |  | 0 | 0 | 36200 |
| CARRIAGE SVCS INC | COM | 143905107 |  | 402512 | 8800 | SH |  | SOLE |  | 0 | 0 | 8800 |
| CATERPILLAR INC | COM | 149123101 |  | 659957 | 1700 | SH |  | SOLE |  | 0 | 0 | 1700 |
| CEMEX SAB DE CV | SPON ADR NEW | 151290889 |  | 364518 | 52600 | SH |  | SOLE |  | 0 | 0 | 52600 |
| CENCORA INC | COM | 03073E105 |  | 1172414 | 3910 | SH |  | SOLE |  | 0 | 0 | 3910 |
| CENTENE CORP DEL | COM | 15135B101 |  | 1147642 | 21143 | SH |  | SOLE |  | 0 | 0 | 21143 |
| CHEFS WHSE INC | COM | 163086101 |  | 1186547 | 18595 | SH |  | SOLE |  | 0 | 0 | 18595 |
| CHEMED CORP NEW | COM | 16359R103 |  | 897412 | 1843 | SH |  | SOLE |  | 0 | 0 | 1843 |
| CHUBB LIMITED | COM | H1467J104 |  | 759356 | 2621 | SH |  | SOLE |  | 0 | 0 | 2621 |
| CIMPRESS PLC | SHS EURO | G2143T103 |  | 1386500 | 29500 | SH |  | SOLE |  | 0 | 0 | 29500 |
| CITIGROUP INC | COM NEW | 172967424 |  | 502208 | 5900 | SH |  | SOLE |  | 0 | 0 | 5900 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 380375 | 8500 | SH |  | SOLE |  | 0 | 0 | 8500 |
| CLEAR SECURE INC | COM CL A | 18467V109 |  | 944590 | 34027 | SH |  | SOLE |  | 0 | 0 | 34027 |
| CLIMB GLOBAL SOLUTIONS INC | COM | 946760105 |  | 266206 | 2490 | SH |  | SOLE |  | 0 | 0 | 2490 |
| CLOVER HEALTH INVESTMENTS CO | COM CL A | 18914F103 |  | 769429 | 275781 | SH |  | SOLE |  | 0 | 0 | 275781 |
| COCA-COLA FEMSA SAB DE CV | SPONS ADS REP | 191241108 |  | 444958 | 4600 | SH |  | SOLE |  | 0 | 0 | 4600 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 1246685 | 15977 | SH |  | SOLE |  | 0 | 0 | 15977 |
| COLLEGIUM PHARMACEUTICAL INC | COM | 19459J104 |  | 976549 | 33025 | SH |  | SOLE |  | 0 | 0 | 33025 |
| COMFORT SYS USA INC | COM | 199908104 |  | 1117462 | 2084 | SH |  | SOLE |  | 0 | 0 | 2084 |
| COMMSCOPE HLDG CO INC | COM | 20337X109 |  | 556929 | 67262 | SH |  | SOLE |  | 0 | 0 | 67262 |
| COMMVAULT SYS INC | COM | 204166102 |  | 559076 | 3207 | SH |  | SOLE |  | 0 | 0 | 3207 |
| COMPANHIA DE SANEAMENTO BASI | SPONSORED ADR | 20441A102 |  | 1651441 | 75168 | SH |  | SOLE |  | 0 | 0 | 75168 |
| CONCENTRIX CORP | COM | 20602D101 |  | 363272 | 6873 | SH |  | SOLE |  | 0 | 0 | 6873 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 497339 | 5542 | SH |  | SOLE |  | 0 | 0 | 5542 |
| CONSENSUS CLOUD SOLUTIONS IN | COM | 20848V105 |  | 253660 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| CONSTRUCTION PARTNERS INC | COM CL A | 21044C107 |  | 998607 | 9396 | SH |  | SOLE |  | 0 | 0 | 9396 |
| COREBRIDGE FINL INC | COM | 21871X109 |  | 433100 | 12200 | SH |  | SOLE |  | 0 | 0 | 12200 |
| CORECARD CORPORATION | COM | 45816D100 |  | 286803 | 9900 | SH |  | SOLE |  | 0 | 0 | 9900 |
| COSTAMARE INC | SHS | Y1771G102 |  | 543976 | 59712 | SH |  | SOLE |  | 0 | 0 | 59712 |
| CRA INTL INC | COM | 12618T105 |  | 318529 | 1700 | SH |  | SOLE |  | 0 | 0 | 1700 |
| CRAWFORD  CO | CL A | 224633206 |  | 215642 | 20382 | SH |  | SOLE |  | 0 | 0 | 20382 |
| CREXENDO INC | COM | 226552107 |  | 248870 | 41000 | SH |  | SOLE |  | 0 | 0 | 41000 |
| CSG SYS INTL INC | COM | 126349109 |  | 967633 | 14816 | SH |  | SOLE |  | 0 | 0 | 14816 |
| CURIOSITYSTREAM INC | COM CL A | 23130Q107 |  | 287913 | 51139 | SH |  | SOLE |  | 0 | 0 | 51139 |
| CVS HEALTH CORP | COM | 126650100 |  | 448370 | 6500 | SH |  | SOLE |  | 0 | 0 | 6500 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 946403 | 2326 | SH |  | SOLE |  | 0 | 0 | 2326 |
| DAVE INC | CLASS A COM NEW | 23834J201 |  | 515079 | 1919 | SH |  | SOLE |  | 0 | 0 | 1919 |
| DAVITA INC | COM | 23918K108 |  | 386894 | 2716 | SH |  | SOLE |  | 0 | 0 | 2716 |
| DIGI INTL INC | COM | 253798102 |  | 2082048 | 59726 | SH |  | SOLE |  | 0 | 0 | 59726 |
| DIGITALOCEAN HLDGS INC | COM | 25402D102 |  | 604415 | 21163 | SH |  | SOLE |  | 0 | 0 | 21163 |
| DOLE PLC | ORD SHS | G27907107 |  | 892562 | 63800 | SH |  | SOLE |  | 0 | 0 | 63800 |
| DONEGAL GROUP INC | CL A | 257701201 |  | 240300 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| DOORDASH INC | CL A | 25809K105 |  | 1091053 | 4426 | SH |  | SOLE |  | 0 | 0 | 4426 |
| DORMAN PRODS INC | COM | 258278100 |  | 1043308 | 8505 | SH |  | SOLE |  | 0 | 0 | 8505 |
| DOUGLAS DYNAMICS INC | COM | 25960R105 |  | 258157 | 8760 | SH |  | SOLE |  | 0 | 0 | 8760 |
| DR REDDYS LABS LTD | ADR | 256135203 |  | 1914822 | 127400 | SH |  | SOLE |  | 0 | 0 | 127400 |
| DYCOM INDS INC | COM | 267475101 |  | 1663074 | 6805 | SH |  | SOLE |  | 0 | 0 | 6805 |
| DYNATRACE INC | COM NEW | 268150109 |  | 590084 | 10688 | SH |  | SOLE |  | 0 | 0 | 10688 |
| EAGLE BANCORP MONT INC | COM | 26942G100 |  | 186671 | 11198 | SH |  | SOLE |  | 0 | 0 | 11198 |
| EASTMAN CHEM CO | COM | 277432100 |  | 268776 | 3600 | SH |  | SOLE |  | 0 | 0 | 3600 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 767359 | 4805 | SH |  | SOLE |  | 0 | 0 | 4805 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 1574121 | 4047 | SH |  | SOLE |  | 0 | 0 | 4047 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 1082617 | 2024 | SH |  | SOLE |  | 0 | 0 | 2024 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 |  | 1662250 | 13555 | SH |  | SOLE |  | 0 | 0 | 13555 |
| ENOVA INTL INC | COM | 29357K103 |  | 1417419 | 12710 | SH |  | SOLE |  | 0 | 0 | 12710 |
| ENPRO INC | COM | 29355X107 |  | 868105 | 4532 | SH |  | SOLE |  | 0 | 0 | 4532 |
| EOG RES INC | COM | 26875P101 |  | 450930 | 3770 | SH |  | SOLE |  | 0 | 0 | 3770 |
| EPAM SYS INC | COM | 29414B104 |  | 300594 | 1700 | SH |  | SOLE |  | 0 | 0 | 1700 |
| EPLUS INC | COM | 294268107 |  | 331660 | 4600 | SH |  | SOLE |  | 0 | 0 | 4600 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 1306457 | 23288 | SH |  | SOLE |  | 0 | 0 | 23288 |
| ESCO TECHNOLOGIES INC | COM | 296315104 |  | 1593864 | 8307 | SH |  | SOLE |  | 0 | 0 | 8307 |
| EURONET WORLDWIDE INC | COM | 298736109 |  | 755889 | 7456 | SH |  | SOLE |  | 0 | 0 | 7456 |
| EVERQUOTE INC | COM CL A | 30041R108 |  | 1217173 | 50338 | SH |  | SOLE |  | 0 | 0 | 50338 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 |  | 1799200 | 41087 | SH |  | SOLE |  | 0 | 0 | 41087 |
| EXPENSIFY INC | COM CL A | 30219Q106 |  | 365661 | 141182 | SH |  | SOLE |  | 0 | 0 | 141182 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 266805 | 2475 | SH |  | SOLE |  | 0 | 0 | 2475 |
| EZCORP INC | CL A NON VTG | 302301106 |  | 800876 | 57700 | SH |  | SOLE |  | 0 | 0 | 57700 |
| F5 INC | COM | 315616102 |  | 895321 | 3042 | SH |  | SOLE |  | 0 | 0 | 3042 |
| FEDERATED HERMES INC | CL B | 314211103 |  | 969101 | 21866 | SH |  | SOLE |  | 0 | 0 | 21866 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 |  | 353178 | 6300 | SH |  | SOLE |  | 0 | 0 | 6300 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 407187 | 9900 | SH |  | SOLE |  | 0 | 0 | 9900 |
| FIRST BUSINESS FINL SVCS INC | COM | 319390100 |  | 253300 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| FIRST CTZNS BANCSHARES INC N | CL A | 31946M103 |  | 391294 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| FORTINET INC | COM | 34959E109 |  | 928539 | 8783 | SH |  | SOLE |  | 0 | 0 | 8783 |
| FORTUNE BRANDS INNOVATIONS I | COM | 34964C106 |  | 257400 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| FRONTDOOR INC | COM | 35905A109 |  | 1433421 | 24320 | SH |  | SOLE |  | 0 | 0 | 24320 |
| FUBOTV INC | COM | 35953D104 |  | 326583 | 84607 | SH |  | SOLE |  | 0 | 0 | 84607 |
| FULCRUM THERAPEUTICS INC | COM | 359616109 |  | 282809 | 41106 | SH |  | SOLE |  | 0 | 0 | 41106 |
| FUTU HLDGS LTD | SPON ADS CL A | 36118L106 |  | 999225 | 8085 | SH |  | SOLE |  | 0 | 0 | 8085 |
| GARTNER INC | COM | 366651107 |  | 821779 | 2033 | SH |  | SOLE |  | 0 | 0 | 2033 |
| GEN DIGITAL INC | COM | 668771108 |  | 761460 | 25900 | SH |  | SOLE |  | 0 | 0 | 25900 |
| GENEDX HOLDINGS CORP | COM CL A | 81663L200 |  | 378471 | 4100 | SH |  | SOLE |  | 0 | 0 | 4100 |
| GENPACT LIMITED | SHS | G3922B107 |  | 831789 | 18900 | SH |  | SOLE |  | 0 | 0 | 18900 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 288144 | 3600 | SH |  | SOLE |  | 0 | 0 | 3600 |
| GOLD FIELDS LTD | SPONSORED ADR | 38059T106 |  | 1492133 | 63039 | SH |  | SOLE |  | 0 | 0 | 63039 |
| GOOSEHEAD INS INC | COM CL A | 38267D109 |  | 950434 | 9008 | SH |  | SOLE |  | 0 | 0 | 9008 |
| GRAHAM HLDGS CO | COM CL B | 384637104 |  | 757882 | 801 | SH |  | SOLE |  | 0 | 0 | 801 |
| GRAND CANYON ED INC | COM | 38526M106 |  | 869400 | 4600 | SH |  | SOLE |  | 0 | 0 | 4600 |
| GRANITE CONSTR INC | COM | 387328107 |  | 1515984 | 16212 | SH |  | SOLE |  | 0 | 0 | 16212 |
| GRID DYNAMICS HLDGS INC | CL A | 39813G109 |  | 1088634 | 94254 | SH |  | SOLE |  | 0 | 0 | 94254 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 3034752 | 79030 | SH |  | SOLE |  | 0 | 0 | 79030 |
| GUARANTY BANCSHARES INC TEX | COM | 400764106 |  | 253070 | 5963 | SH |  | SOLE |  | 0 | 0 | 5963 |
| HACKETT GROUP INC | COM | 404609109 |  | 218612 | 8600 | SH |  | SOLE |  | 0 | 0 | 8600 |
| HARMONIC INC | COM | 413160102 |  | 1105907 | 116780 | SH |  | SOLE |  | 0 | 0 | 116780 |
| HARMONY GOLD MINING CO LTD | SPONSORED ADR | 413216300 |  | 1253514 | 89729 | SH |  | SOLE |  | 0 | 0 | 89729 |
| HCI GROUP INC | COM | 40416E103 |  | 1129172 | 7419 | SH |  | SOLE |  | 0 | 0 | 7419 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 1256085 | 16383 | SH |  | SOLE |  | 0 | 0 | 16383 |
| HEALTHCARE SVCS GROUP INC | COM | 421906108 |  | 1074976 | 71522 | SH |  | SOLE |  | 0 | 0 | 71522 |
| HEALTHEQUITY INC | COM | 42226A107 |  | 608341 | 5807 | SH |  | SOLE |  | 0 | 0 | 5807 |
| HEALTHSTREAM INC | COM | 42222N103 |  | 1146257 | 41426 | SH |  | SOLE |  | 0 | 0 | 41426 |
| HERITAGE INSURANCE HLDGS INC | COM | 42727J102 |  | 275537 | 11048 | SH |  | SOLE |  | 0 | 0 | 11048 |
| HNI CORP | COM | 404251100 |  | 386358 | 7856 | SH |  | SOLE |  | 0 | 0 | 7856 |
| HORACE MANN EDUCATORS CORP N | COM | 440327104 |  | 1123537 | 26147 | SH |  | SOLE |  | 0 | 0 | 26147 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 333312 | 21700 | SH |  | SOLE |  | 0 | 0 | 21700 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 1269220 | 6819 | SH |  | SOLE |  | 0 | 0 | 6819 |
| HUBSPOT INC | COM | 443573100 |  | 749781 | 1347 | SH |  | SOLE |  | 0 | 0 | 1347 |
| HUMANA INC | COM | 444859102 |  | 1256138 | 5138 | SH |  | SOLE |  | 0 | 0 | 5138 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 393860 | 23500 | SH |  | SOLE |  | 0 | 0 | 23500 |
| HURON CONSULTING GROUP INC | COM | 447462102 |  | 732813 | 5328 | SH |  | SOLE |  | 0 | 0 | 5328 |
| I3 VERTICALS INC | COM CL A | 46571Y107 |  | 307776 | 11200 | SH |  | SOLE |  | 0 | 0 | 11200 |
| IBEX LTD | SHS NEW | G4690M101 |  | 309711 | 10643 | SH |  | SOLE |  | 0 | 0 | 10643 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 3763139 | 111865 | SH |  | SOLE |  | 0 | 0 | 111865 |
| INFORMATION SVCS GROUP INC | COM | 45675Y104 |  | 260261 | 54221 | SH |  | SOLE |  | 0 | 0 | 54221 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 2262513 | 122100 | SH |  | SOLE |  | 0 | 0 | 122100 |
| INFUSYSTEM HLDGS INC | COM | 45685K102 |  | 243073 | 38954 | SH |  | SOLE |  | 0 | 0 | 38954 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 |  | 2834243 | 129595 | SH |  | SOLE |  | 0 | 0 | 129595 |
| INNODATA INC | COM NEW | 457642205 |  | 373906 | 7300 | SH |  | SOLE |  | 0 | 0 | 7300 |
| INNOVATIVE SOLUTIONS  SUPPO | COM | 45769N105 |  | 367820 | 26500 | SH |  | SOLE |  | 0 | 0 | 26500 |
| INTER  CO INC | CLASS A COM | G4R20B107 |  | 463714 | 62411 | SH |  | SOLE |  | 0 | 0 | 62411 |
| INTERFACE INC | COM | 458665304 |  | 1480504 | 70736 | SH |  | SOLE |  | 0 | 0 | 70736 |
| INTUIT | COM | 461202103 |  | 1352361 | 1717 | SH |  | SOLE |  | 0 | 0 | 1717 |
| ITRON INC | COM | 465741106 |  | 1581008 | 12011 | SH |  | SOLE |  | 0 | 0 | 12011 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 847117 | 2922 | SH |  | SOLE |  | 0 | 0 | 2922 |
| KALTURA INC | COM | 483467106 |  | 387542 | 192807 | SH |  | SOLE |  | 0 | 0 | 192807 |
| KBR INC | COM | 48242W106 |  | 1585951 | 33082 | SH |  | SOLE |  | 0 | 0 | 33082 |
| KELLY SVCS INC | CL A | 488152208 |  | 220113 | 18797 | SH |  | SOLE |  | 0 | 0 | 18797 |
| KEMPER CORP | COM | 488401100 |  | 975587 | 15116 | SH |  | SOLE |  | 0 | 0 | 15116 |
| KIMBALL ELECTRONICS INC | COM | 49428J109 |  | 253682 | 13192 | SH |  | SOLE |  | 0 | 0 | 13192 |
| KINGSTONE COS INC | COM | 496719105 |  | 272757 | 17700 | SH |  | SOLE |  | 0 | 0 | 17700 |
| KINROSS GOLD CORP | COM | 496902404 |  | 982517 | 62861 | SH |  | SOLE |  | 0 | 0 | 62861 |
| KORN FERRY | COM NEW | 500643200 |  | 1541030 | 21015 | SH |  | SOLE |  | 0 | 0 | 21015 |
| LAUREATE EDUCATION INC | COMMON STOCK | 518613203 |  | 1018222 | 43551 | SH |  | SOLE |  | 0 | 0 | 43551 |
| LEGALZOOM COM INC | COM | 52466B103 |  | 766509 | 86028 | SH |  | SOLE |  | 0 | 0 | 86028 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 980321 | 6214 | SH |  | SOLE |  | 0 | 0 | 6214 |
| LIMBACH HLDGS INC | COM | 53263P105 |  | 449021 | 3205 | SH |  | SOLE |  | 0 | 0 | 3205 |
| LIQUIDITY SVCS INC | COM | 53635B107 |  | 950677 | 40300 | SH |  | SOLE |  | 0 | 0 | 40300 |
| LIVERAMP HLDGS INC | COM | 53815P108 |  | 1300554 | 39363 | SH |  | SOLE |  | 0 | 0 | 39363 |
| LKQ CORP | COM | 501889208 |  | 224096 | 6055 | SH |  | SOLE |  | 0 | 0 | 6055 |
| LSI INDS INC OHIO | COM | 50216C108 |  | 998113 | 58678 | SH |  | SOLE |  | 0 | 0 | 58678 |
| LUXFER HLDGS PLC | SHS | G5698W116 |  | 322526 | 26480 | SH |  | SOLE |  | 0 | 0 | 26480 |
| M  T BK CORP | COM | 55261F104 |  | 401559 | 2070 | SH |  | SOLE |  | 0 | 0 | 2070 |
| MASCO CORP | COM | 574599106 |  | 334672 | 5200 | SH |  | SOLE |  | 0 | 0 | 5200 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1530163 | 2723 | SH |  | SOLE |  | 0 | 0 | 2723 |
| MAXIMUS INC | COM | 577933104 |  | 719831 | 10254 | SH |  | SOLE |  | 0 | 0 | 10254 |
| MCKESSON CORP | COM | 58155Q103 |  | 953347 | 1301 | SH |  | SOLE |  | 0 | 0 | 1301 |
| MERCURY GENL CORP NEW | COM | 589400100 |  | 997440 | 14812 | SH |  | SOLE |  | 0 | 0 | 14812 |
| MERIT MED SYS INC | COM | 589889104 |  | 1383504 | 14800 | SH |  | SOLE |  | 0 | 0 | 14800 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1708678 | 2315 | SH |  | SOLE |  | 0 | 0 | 2315 |
| METLIFE INC | COM | 59156R108 |  | 404593 | 5031 | SH |  | SOLE |  | 0 | 0 | 5031 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 988404 | 35503 | SH |  | SOLE |  | 0 | 0 | 35503 |
| MICROSOFT CORP | COM | 594918104 |  | 4520959 | 9089 | SH |  | SOLE |  | 0 | 0 | 9089 |
| MIMEDX GROUP INC | COM | 602496101 |  | 304632 | 49858 | SH |  | SOLE |  | 0 | 0 | 49858 |
| MISTER CAR WASH INC | COM | 60646V105 |  | 761347 | 126680 | SH |  | SOLE |  | 0 | 0 | 126680 |
| MITEK SYS INC | COM NEW | 606710200 |  | 339372 | 34280 | SH |  | SOLE |  | 0 | 0 | 34280 |
| MIZUHO FINANCIAL GROUP INC | SPONSORED ADR | 60687Y109 |  | 862284 | 155087 | SH |  | SOLE |  | 0 | 0 | 155087 |
| MOELIS  CO | CL A | 60786M105 |  | 1098889 | 17633 | SH |  | SOLE |  | 0 | 0 | 17633 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 1226752 | 4118 | SH |  | SOLE |  | 0 | 0 | 4118 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 889349 | 2828 | SH |  | SOLE |  | 0 | 0 | 2828 |
| MONTE ROSA THERAPEUTICS INC | COM | 61225M102 |  | 159654 | 35400 | SH |  | SOLE |  | 0 | 0 | 35400 |
| MUELLER WTR PRODS INC | COM SER A | 624758108 |  | 938522 | 39040 | SH |  | SOLE |  | 0 | 0 | 39040 |
| MYR GROUP INC DEL | COM | 55405W104 |  | 1378113 | 7595 | SH |  | SOLE |  | 0 | 0 | 7595 |
| NATIONAL GRID PLC | SPONSORED ADR NE | 636274409 |  | 2527708 | 33970 | SH |  | SOLE |  | 0 | 0 | 33970 |
| NATWEST GROUP PLC | SPONS ADR | 639057207 |  | 1185246 | 83763 | SH |  | SOLE |  | 0 | 0 | 83763 |
| NERDWALLET INC | COM CL A | 64082B102 |  | 404288 | 36854 | SH |  | SOLE |  | 0 | 0 | 36854 |
| NETFLIX INC | COM | 64110L106 |  | 1941739 | 1450 | SH |  | SOLE |  | 0 | 0 | 1450 |
| NETGEAR INC | COM | 64111Q104 |  | 384858 | 13239 | SH |  | SOLE |  | 0 | 0 | 13239 |
| NETSCOUT SYS INC | COM | 64115T104 |  | 1054425 | 42500 | SH |  | SOLE |  | 0 | 0 | 42500 |
| NIAGEN BIOSCIENCE INC | COM NEW | 171077407 |  | 372988 | 25884 | SH |  | SOLE |  | 0 | 0 | 25884 |
| NICE LTD | SPONSORED ADR | 653656108 |  | 774115 | 4583 | SH |  | SOLE |  | 0 | 0 | 4583 |
| NMI HLDGS INC | COM | 629209305 |  | 1203428 | 28524 | SH |  | SOLE |  | 0 | 0 | 28524 |
| NORTHRIM BANCORP INC | COM | 666762109 |  | 298432 | 3200 | SH |  | SOLE |  | 0 | 0 | 3200 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 1275929 | 10544 | SH |  | SOLE |  | 0 | 0 | 10544 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 4570019 | 28926 | SH |  | SOLE |  | 0 | 0 | 28926 |
| NWPX INFRASTRUCTURE INC | COM | 667746101 |  | 282969 | 6900 | SH |  | SOLE |  | 0 | 0 | 6900 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 386324 | 9196 | SH |  | SOLE |  | 0 | 0 | 9196 |
| OKTA INC | CL A | 679295105 |  | 684295 | 6845 | SH |  | SOLE |  | 0 | 0 | 6845 |
| ONEMAIN HLDGS INC | COM | 68268W103 |  | 436734 | 7662 | SH |  | SOLE |  | 0 | 0 | 7662 |
| ONESPAN INC | COM | 68287N100 |  | 341511 | 20462 | SH |  | SOLE |  | 0 | 0 | 20462 |
| OOMA INC | COM | 683416101 |  | 274190 | 21255 | SH |  | SOLE |  | 0 | 0 | 21255 |
| OPENLANE INC | COM | 48238T109 |  | 1029198 | 42094 | SH |  | SOLE |  | 0 | 0 | 42094 |
| OPORTUN FINL CORP | COM | 68376D104 |  | 229786 | 32093 | SH |  | SOLE |  | 0 | 0 | 32093 |
| OPTION CARE HEALTH INC | COM NEW | 68404L201 |  | 754218 | 23221 | SH |  | SOLE |  | 0 | 0 | 23221 |
| OVINTIV INC | COM | 69047Q102 |  | 373042 | 9804 | SH |  | SOLE |  | 0 | 0 | 9804 |
| OWENS CORNING NEW | COM | 690742101 |  | 281916 | 2050 | SH |  | SOLE |  | 0 | 0 | 2050 |
| PACCAR INC | COM | 693718108 |  | 380240 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| PACIRA BIOSCIENCES INC | COM | 695127100 |  | 248058 | 10379 | SH |  | SOLE |  | 0 | 0 | 10379 |
| PALOMAR HLDGS INC | COM | 69753M105 |  | 1343055 | 8707 | SH |  | SOLE |  | 0 | 0 | 8707 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 803805 | 28303 | SH |  | SOLE |  | 0 | 0 | 28303 |
| PAYLOCITY HLDG CORP | COM | 70438V106 |  | 923163 | 5095 | SH |  | SOLE |  | 0 | 0 | 5095 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 1389885 | 13280 | SH |  | SOLE |  | 0 | 0 | 13280 |
| PEDIATRIX MEDICAL GROUP INC | COM | 58502B106 |  | 1062474 | 74040 | SH |  | SOLE |  | 0 | 0 | 74040 |
| PEGASYSTEMS INC | COM | 705573103 |  | 335606 | 6200 | SH |  | SOLE |  | 0 | 0 | 6200 |
| PENNANT GROUP INC | COM | 70805E109 |  | 295515 | 9900 | SH |  | SOLE |  | 0 | 0 | 9900 |
| PENTAIR PLC | SHS | G7S00T104 |  | 942727 | 9183 | SH |  | SOLE |  | 0 | 0 | 9183 |
| PERDOCEO ED CORP | COM | 71363P106 |  | 1596318 | 48832 | SH |  | SOLE |  | 0 | 0 | 48832 |
| PHIBRO ANIMAL HEALTH CORP | CL A COM | 71742Q106 |  | 1247144 | 48831 | SH |  | SOLE |  | 0 | 0 | 48831 |
| PINTEREST INC | CL A | 72352L106 |  | 877530 | 24471 | SH |  | SOLE |  | 0 | 0 | 24471 |
| PITNEY BOWES INC | COM | 724479100 |  | 984082 | 90200 | SH |  | SOLE |  | 0 | 0 | 90200 |
| PJT PARTNERS INC | COM CL A | 69343T107 |  | 1271402 | 7705 | SH |  | SOLE |  | 0 | 0 | 7705 |
| PLEXUS CORP | COM | 729132100 |  | 1137686 | 8408 | SH |  | SOLE |  | 0 | 0 | 8408 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 466050 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| PRESTIGE CONSMR HEALTHCARE I | COM | 74112D101 |  | 1268817 | 15890 | SH |  | SOLE |  | 0 | 0 | 15890 |
| PRIMORIS SVCS CORP | COM | 74164F103 |  | 1006595 | 12915 | SH |  | SOLE |  | 0 | 0 | 12915 |
| PRIVIA HEALTH GROUP INC | COM | 74276R102 |  | 1078194 | 46878 | SH |  | SOLE |  | 0 | 0 | 46878 |
| PROG HOLDINGS INC | COM NPV | 74319R101 |  | 681507 | 23220 | SH |  | SOLE |  | 0 | 0 | 23220 |
| PROGRESS SOFTWARE CORP | COM | 743312100 |  | 858393 | 13446 | SH |  | SOLE |  | 0 | 0 | 13446 |
| PROGRESSIVE CORP | COM | 743315103 |  | 986315 | 3696 | SH |  | SOLE |  | 0 | 0 | 3696 |
| PROGYNY INC | COM | 74340E103 |  | 792638 | 36029 | SH |  | SOLE |  | 0 | 0 | 36029 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 287939 | 2680 | SH |  | SOLE |  | 0 | 0 | 2680 |
| Q2 HLDGS INC | COM | 74736L109 |  | 241181 | 2577 | SH |  | SOLE |  | 0 | 0 | 2577 |
| QUANTA SVCS INC | COM | 74762E102 |  | 1161462 | 3072 | SH |  | SOLE |  | 0 | 0 | 3072 |
| QUINSTREET INC | COM | 74874Q100 |  | 267260 | 16600 | SH |  | SOLE |  | 0 | 0 | 16600 |
| RE MAX HLDGS INC | CL A | 75524W108 |  | 286300 | 35000 | SH |  | SOLE |  | 0 | 0 | 35000 |
| RED VIOLET INC | COM | 75704L104 |  | 408360 | 8300 | SH |  | SOLE |  | 0 | 0 | 8300 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 362208 | 15400 | SH |  | SOLE |  | 0 | 0 | 15400 |
| RESEARCH SOLUTIONS INC | COM | 761025105 |  | 208075 | 72500 | SH |  | SOLE |  | 0 | 0 | 72500 |
| RESERVOIR MEDIA INC | COM | 76119X105 |  | 257712 | 33600 | SH |  | SOLE |  | 0 | 0 | 33600 |
| RESMED INC | COM | 761152107 |  | 1019358 | 3951 | SH |  | SOLE |  | 0 | 0 | 3951 |
| REV GROUP INC | COM | 749527107 |  | 402136 | 8450 | SH |  | SOLE |  | 0 | 0 | 8450 |
| RIGEL PHARMACEUTICALS INC | COM | 766559702 |  | 199325 | 10642 | SH |  | SOLE |  | 0 | 0 | 10642 |
| RINGCENTRAL INC | CL A | 76680R206 |  | 252967 | 8923 | SH |  | SOLE |  | 0 | 0 | 8923 |
| ROOT INC | CL A NEW | 77664L207 |  | 270145 | 2111 | SH |  | SOLE |  | 0 | 0 | 2111 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 |  | 426127 | 11827 | SH |  | SOLE |  | 0 | 0 | 11827 |
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 |  | 317717 | 3220 | SH |  | SOLE |  | 0 | 0 | 3220 |
| SALESFORCE INC | COM | 79466L302 |  | 1162477 | 4263 | SH |  | SOLE |  | 0 | 0 | 4263 |
| SANMINA CORPORATION | COM | 801056102 |  | 1229723 | 12570 | SH |  | SOLE |  | 0 | 0 | 12570 |
| SAP SE | SPON ADR | 803054204 |  | 1187206 | 3904 | SH |  | SOLE |  | 0 | 0 | 3904 |
| SCANSOURCE INC | COM | 806037107 |  | 1109387 | 26534 | SH |  | SOLE |  | 0 | 0 | 26534 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1294878 | 14192 | SH |  | SOLE |  | 0 | 0 | 14192 |
| SCIENCE APPLICATIONS INTL CO | COM | 808625107 |  | 390644 | 3469 | SH |  | SOLE |  | 0 | 0 | 3469 |
| SEZZLE INC | COM | 78435P105 |  | 694235 | 3873 | SH |  | SOLE |  | 0 | 0 | 3873 |
| SHELL PLC | SPON ADS | 780259305 |  | 3358416 | 47698 | SH |  | SOLE |  | 0 | 0 | 47698 |
| SI-BONE INC | COM | 825704109 |  | 363226 | 19300 | SH |  | SOLE |  | 0 | 0 | 19300 |
| SIERRA BANCORP | COM | 82620P102 |  | 246427 | 8300 | SH |  | SOLE |  | 0 | 0 | 8300 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 312984 | 4200 | SH |  | SOLE |  | 0 | 0 | 4200 |
| SNAP ON INC | COM | 833034101 |  | 359724 | 1156 | SH |  | SOLE |  | 0 | 0 | 1156 |
| SOCIEDAD QUIMICA Y MINERA DE | SPON ADR SER B | 833635105 |  | 1678252 | 47583 | SH |  | SOLE |  | 0 | 0 | 47583 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 910295 | 5529 | SH |  | SOLE |  | 0 | 0 | 5529 |
| SPS COMM INC | COM | 78463M107 |  | 979848 | 7200 | SH |  | SOLE |  | 0 | 0 | 7200 |
| SPX TECHNOLOGIES INC | COM | 78473E103 |  | 1577533 | 9408 | SH |  | SOLE |  | 0 | 0 | 9408 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 850522 | 10272 | SH |  | SOLE |  | 0 | 0 | 10272 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 436378 | 6441 | SH |  | SOLE |  | 0 | 0 | 6441 |
| STEELCASE INC | CL A | 858155203 |  | 663139 | 63580 | SH |  | SOLE |  | 0 | 0 | 63580 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 1847455 | 8007 | SH |  | SOLE |  | 0 | 0 | 8007 |
| STOKE THERAPEUTICS INC | COM | 86150R107 |  | 219055 | 19300 | SH |  | SOLE |  | 0 | 0 | 19300 |
| STRATEGIC ED INC | COM | 86272C103 |  | 886203 | 10410 | SH |  | SOLE |  | 0 | 0 | 10410 |
| STRATTEC SEC CORP | COM | 863111100 |  | 342155 | 5500 | SH |  | SOLE |  | 0 | 0 | 5500 |
| STRIDE INC | COM | 86333M108 |  | 1496619 | 10308 | SH |  | SOLE |  | 0 | 0 | 10308 |
| SUNCOKE ENERGY INC | COM | 86722A103 |  | 474546 | 55244 | SH |  | SOLE |  | 0 | 0 | 55244 |
| SYNCHRONOSS TECHNOLOGIES INC | COM NEW | 87157B400 |  | 288775 | 42157 | SH |  | SOLE |  | 0 | 0 | 42157 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 400440 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 17522625 | 77366 | SH |  | SOLE |  | 0 | 0 | 77366 |
| TARGET CORP | COM | 87612E106 |  | 446095 | 4522 | SH |  | SOLE |  | 0 | 0 | 4522 |
| TENARIS S A | SPONSORED ADS | 88031M109 |  | 1538823 | 41145 | SH |  | SOLE |  | 0 | 0 | 41145 |
| TESLA INC | COM | 88160R101 |  | 374839 | 1180 | SH |  | SOLE |  | 0 | 0 | 1180 |
| THE CIGNA GROUP | COM | 125523100 |  | 822814 | 2489 | SH |  | SOLE |  | 0 | 0 | 2489 |
| THERMON GROUP HLDGS INC | COM | 88362T103 |  | 1036152 | 36900 | SH |  | SOLE |  | 0 | 0 | 36900 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 1098881 | 17900 | SH |  | SOLE |  | 0 | 0 | 17900 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 1774278 | 10300 | SH |  | SOLE |  | 0 | 0 | 10300 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 942276 | 3522 | SH |  | SOLE |  | 0 | 0 | 3522 |
| TRUBRIDGE INC | COM | 205306103 |  | 201412 | 8600 | SH |  | SOLE |  | 0 | 0 | 8600 |
| TURKCELL ILETISIM HIZMETLERI | SPON ADR NEW | 900111204 |  | 435945 | 72057 | SH |  | SOLE |  | 0 | 0 | 72057 |
| TUTOR PERINI CORP | COM | 901109108 |  | 485343 | 10375 | SH |  | SOLE |  | 0 | 0 | 10375 |
| TWILIO INC | CL A | 90138F102 |  | 981200 | 7890 | SH |  | SOLE |  | 0 | 0 | 7890 |
| U S PHYSICAL THERAPY | COM | 90337L108 |  | 1114428 | 14251 | SH |  | SOLE |  | 0 | 0 | 14251 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 1202824 | 12892 | SH |  | SOLE |  | 0 | 0 | 12892 |
| UFP INDUSTRIES INC | COM | 90278Q108 |  | 283176 | 2850 | SH |  | SOLE |  | 0 | 0 | 2850 |
| UFP TECHNOLOGIES INC | COM | 902673102 |  | 219744 | 900 | SH |  | SOLE |  | 0 | 0 | 900 |
| UNISYS CORP | COM NEW | 909214306 |  | 157644 | 34800 | SH |  | SOLE |  | 0 | 0 | 34800 |
| UNITED FIRE GROUP INC | COM | 910340108 |  | 338660 | 11800 | SH |  | SOLE |  | 0 | 0 | 11800 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1440989 | 4619 | SH |  | SOLE |  | 0 | 0 | 4619 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 |  | 2148077 | 11858 | SH |  | SOLE |  | 0 | 0 | 11858 |
| UNIVERSAL INS HLDGS INC | COM | 91359V107 |  | 260468 | 9393 | SH |  | SOLE |  | 0 | 0 | 9393 |
| UNIVERSAL TECHNICAL INST INC | COM | 913915104 |  | 1457067 | 42994 | SH |  | SOLE |  | 0 | 0 | 42994 |
| US BANCORP DEL | COM NEW | 902973304 |  | 407250 | 9000 | SH |  | SOLE |  | 0 | 0 | 9000 |
| US FOODS HLDG CORP | COM | 912008109 |  | 969094 | 12584 | SH |  | SOLE |  | 0 | 0 | 12584 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 348589 | 35900 | SH |  | SOLE |  | 0 | 0 | 35900 |
| VALMONT INDS INC | COM | 920253101 |  | 1082253 | 3314 | SH |  | SOLE |  | 0 | 0 | 3314 |
| VIANT TECHNOLOGY INC | COM CL A | 92557A101 |  | 160612 | 12140 | SH |  | SOLE |  | 0 | 0 | 12140 |
| VIAVI SOLUTIONS INC | COM | 925550105 |  | 915977 | 90961 | SH |  | SOLE |  | 0 | 0 | 90961 |
| VIRTU FINL INC | CL A | 928254101 |  | 1249641 | 27900 | SH |  | SOLE |  | 0 | 0 | 27900 |
| VISA INC | COM CL A | 92826C839 |  | 2055384 | 5789 | SH |  | SOLE |  | 0 | 0 | 5789 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 2000285 | 187644 | SH |  | SOLE |  | 0 | 0 | 187644 |
| VSE CORP | COM | 918284100 |  | 538590 | 4112 | SH |  | SOLE |  | 0 | 0 | 4112 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 454329 | 7100 | SH |  | SOLE |  | 0 | 0 | 7100 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 924671 | 10297 | SH |  | SOLE |  | 0 | 0 | 10297 |
| WIPRO LTD | SPON ADR 1 SH | 97651M109 |  | 2281356 | 755416 | SH |  | SOLE |  | 0 | 0 | 755416 |
| WORLD ACCEP CORPORATION | COM | 981419104 |  | 1193322 | 7227 | SH |  | SOLE |  | 0 | 0 | 7227 |
| WPP PLC NEW | ADR | 92937A102 |  | 308088 | 8800 | SH |  | SOLE |  | 0 | 0 | 8800 |
| YELP INC | CL A | 985817105 |  | 1004694 | 29317 | SH |  | SOLE |  | 0 | 0 | 29317 |
| YEXT INC | COM | 98585N106 |  | 357850 | 42100 | SH |  | SOLE |  | 0 | 0 | 42100 |

---