# EDGAR Filing Document

**Accession Number:** 0001169318
**File Stem:** 0001169318-23-000001
**Filing Date:** 2023-1
**Character Count:** 18330
**Document Hash:** 4f520dbf0b157f049ec72ca854e47f4c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001169318-23-000001.hdr.sgml**: 20230111

**ACCESSION NUMBER**: 0001169318-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230111

**DATE AS OF CHANGE**: 20230111

**EFFECTIVENESS DATE**: 20230111

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALBERT D MASON INC
- **CENTRAL INDEX KEY:** 0001169318
- **IRS NUMBER:** 043414728
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10262
- **FILM NUMBER:** 23523241

**BUSINESS ADDRESS:**
- **STREET 1:** 50 FEDERAL ST., 9TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 617-228-5190

**MAIL ADDRESS:**
- **STREET 1:** 50 FEDERAL ST., 9TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

### 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:** ALBERT D MASON INC<br>**Address:** 50 FEDERAL ST. 9TH FLOOR<br>BOSTON, MA 02110

**Form 13F File Number:** 028-10262

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:** Gregg Picillo<br>**Title:** Partner<br>**Phone:** 6172285190

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

Gregg Picillo  Boston, MA  01-11-2023<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:** 0

**Form 13F Information Table Entry Total:** 155

**Form 13F Information Table Value Total:** $140131

      (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 |
| AT Inc. | COM | 00206R102 |  | 515 | 27994 | SH |  | SOLE |  | 0 | 0 | 27994 |
| Ares Commercial Real Estate Co | COM | 04013V108 |  | 659 | 64000 | SH |  | SOLE |  | 43534 | 0 | 20466 |
| Armada Hoffler Properties Inc | COM | 04208T108 |  | 898 | 78105 | SH |  | SOLE |  | 58980 | 0 | 19125 |
| BGSF Inc. | COM | 05601C105 |  | 710 | 46347 | SH |  | SOLE |  | 32692 | 0 | 13655 |
| BHP LTD | ADR | 088606108 |  | 686 | 11049 | SH |  | SOLE |  | 0 | 0 | 11049 |
| BRT Apartments Corp. | COM | 055645303 |  | 1357 | 69094 | SH |  | SOLE |  | 54955 | 0 | 14139 |
| Chesapeake Utilities Corp. | COM | 165303108 |  | 1501 | 12705 | SH |  | SOLE |  | 8413 | 0 | 4292 |
| Commonwealth Bank of Australia | COM | 621503002 |  | 536 | 7659 | SH |  | SOLE |  | 6659 | 0 | 1000 |
| Commonwealth Bank of Australia | COM | 202712600 |  | 654 | 9350 | SH |  | SOLE |  | 0 | 0 | 9350 |
| Community Healthcare Trust Inc | COM | 20369C106 |  | 907 | 25340 | SH |  | SOLE |  | 16436 | 0 | 8904 |
| Diageo PLC ADR | ADR | 25243Q205 |  | 208 | 1170 | SH |  | SOLE |  | 0 | 0 | 1170 |
| Dorchester Minerals LP | UNIT LTD PARTN | 25820R105 |  | 1279 | 42724 | SH |  | SOLE |  | 38760 | 0 | 3964 |
| Enbridge Inc. | COM | 29250N105 |  | 841 | 21514 | SH |  | SOLE |  | 16760 | 0 | 4754 |
| Energy Transfer LP | UNIT LTD PARTN | 29273V100 |  | 1329 | 111922 | SH |  | SOLE |  | 97527 | 0 | 14395 |
| Enterprise Products Partners L | UNIT LTD PARTN | 293792107 |  | 1762 | 73036 | SH |  | SOLE |  | 45856 | 0 | 27180 |
| Euronav NV | COM | B38564108 |  | 563 | 33020 | SH |  | SOLE |  | 29330 | 0 | 3690 |
| FLEX LNG Ltd. | COM | G35947202 |  | 627 | 19177 | SH |  | SOLE |  | 14172 | 0 | 5005 |
| Gaztransport et Technigaz SAS | COM | ACI07W296 |  | 1368 | 12803 | SH |  | SOLE |  | 9716 | 0 | 3087 |
| Gladstone Commercial Corp. | COM | 376536108 |  | 1171 | 63316 | SH |  | SOLE |  | 42861 | 0 | 20455 |
| Gladstone Investment Corp. | COM | 376546107 |  | 888 | 68790 | SH |  | SOLE |  | 44215 | 0 | 24575 |
| Global Net Lease Inc. | COM | 379378201 |  | 730 | 58096 | SH |  | SOLE |  | 39580 | 0 | 18516 |
| Gulf Keystone Petroleum LTD | COM | G4209G207 |  | 513 | 210865 | SH |  | SOLE |  | 182515 | 0 | 28350 |
| H REIT | COM | 403925977 |  | 494 | 55507 | SH |  | SOLE |  | 45607 | 0 | 9900 |
| Hanesbrands Inc. | COM | 410345102 |  | 135 | 21245 | SH |  | SOLE |  | 0 | 0 | 21245 |
| Kinder Morgan Inc. | COM | 49456B101 |  | 1359 | 75165 | SH |  | SOLE |  | 48298 | 0 | 26867 |
| LTC Properties Inc. | COM | 502175102 |  | 294 | 8275 | SH |  | SOLE |  | 0 | 0 | 8275 |
| Labrador Iron Ore Royalty Corp | COM | 505440966 |  | 1323 | 53275 | SH |  | SOLE |  | 27145 | 0 | 26130 |
| LyondellBasell Industries NV | COM | N53745100 |  | 349 | 4208 | SH |  | SOLE |  | 2585 | 0 | 1623 |
| National Grid PLC ADS | ADR | 636274409 |  | 1003 | 16625 | SH |  | SOLE |  | 11964 | 0 | 4661 |
| National Retail Properties | COM | 637417106 |  | 330 | 7215 | SH |  | SOLE |  | 0 | 0 | 7215 |
| NetApp Inc. | COM | 64110D104 |  | 908 | 15125 | SH |  | SOLE |  | 10505 | 0 | 4620 |
| New York Community Bancorp In | COM | 649445103 |  | 103 | 12010 | SH |  | SOLE |  | 0 | 0 | 12010 |
| ONE Gas Inc. | COM | 68235P108 |  | 1707 | 22540 | SH |  | SOLE |  | 16313 | 0 | 6227 |
| ONEOK Inc. | COM | 682680103 |  | 250 | 3799 | SH |  | SOLE |  | 0 | 0 | 3799 |
| Omnicom Group | COM | 681919106 |  | 2021 | 24782 | SH |  | SOLE |  | 10474 | 0 | 14308 |
| Pembina Pipeline Corporation | COM | 706327103 |  | 1445 | 42561 | SH |  | SOLE |  | 31070 | 0 | 11491 |
| Precinct Properties New Zealan | COM | 609327903 |  | 317 | 394939 | SH |  | SOLE |  | 382889 | 0 | 12050 |
| Primaris REIT | COM | 74167K109 |  | 149 | 13757 | SH |  | SOLE |  | 11401 | 0 | 2356 |
| SFL Corp. LTD | COM | G7738W106 |  | 494 | 53560 | SH |  | SOLE |  | 36171 | 0 | 17389 |
| Sabre Insurance Group PLC | COM | BYWVDP903 |  | 123 | 95725 | SH |  | SOLE |  | 63050 | 0 | 32675 |
| Shell PLC ADR | ADR | 780259305 |  | 536 | 9405 | SH |  | SOLE |  | 0 | 0 | 9405 |
| Southern Copper Corp. | COM | 84265V105 |  | 202 | 3349 | SH |  | SOLE |  | 0 | 0 | 3349 |
| Sparebank 1 SR-Bank | COM | B40JTQ902 |  | 855 | 69349 | SH |  | SOLE |  | 49515 | 0 | 19834 |
| TC Energy Corp. | COM | 87807B107 |  | 824 | 20680 | SH |  | SOLE |  | 18331 | 0 | 2349 |
| Tanger Factory Outlet Centers | COM | 875465106 |  | 1473 | 82129 | SH |  | SOLE |  | 59745 | 0 | 22384 |
| Toronto Dominion Bank | COM | 891160509 |  | 2011 | 31048 | SH |  | SOLE |  | 15961 | 0 | 15087 |
| TotalEnergies SE ADR | ADR | 89151E109 |  | 1253 | 20191 | SH |  | SOLE |  | 12164 | 0 | 8027 |
| Urstadt Biddle Properties Inc. | COM | 917286205 |  | 818 | 43153 | SH |  | SOLE |  | 16100 | 0 | 27053 |
| Verizon Communications Inc. | COM | 92343V104 |  | 785 | 19927 | SH |  | SOLE |  | 2050 | 0 | 17877 |
| Western Midstream Partners LP | UNIT LTD PARTN | 958669103 |  | 1320 | 49159 | SH |  | SOLE |  | 42692 | 0 | 6467 |
| 3M Co. | COM | 88579Y101 |  | 287 | 2392 | SH |  | SOLE |  | 0 | 0 | 2392 |
| APA Corp. | COM | 03743Q108 |  | 520 | 11136 | SH |  | SOLE |  | 9565 | 0 | 1571 |
| AYR Wellness Inc. | COM | 05475P109 |  | 19 | 16140 | SH |  | SOLE |  | 0 | 0 | 16140 |
| Activision Blizzard Inc. | COM | 00507V109 |  | 815 | 10641 | SH |  | SOLE |  | 7565 | 0 | 3076 |
| Agilysys Inc. | COM | 00847J105 |  | 1811 | 22887 | SH |  | SOLE |  | 15297 | 0 | 7590 |
| Air Products  Chemicals Inc. | COM | 009158106 |  | 679 | 2202 | SH |  | SOLE |  | 1317 | 0 | 885 |
| Alphabet Inc. Class C | COM | 02079K107 |  | 1979 | 22308 | SH |  | SOLE |  | 12235 | 0 | 10073 |
| America's Car-Mart Inc. | COM | 03062T105 |  | 707 | 9781 | SH |  | SOLE |  | 6484 | 0 | 3297 |
| Apple Inc. | COM | 037833100 |  | 927 | 7138 | SH |  | SOLE |  | 0 | 0 | 7138 |
| AptarGroup Inc. | COM | 038336103 |  | 1148 | 10441 | SH |  | SOLE |  | 7821 | 0 | 2620 |
| AstroNova Inc. | COM | 04638F108 |  | 528 | 41189 | SH |  | SOLE |  | 31465 | 0 | 9724 |
| Atmos Energy Corp. | COM | 049560105 |  | 1114 | 9944 | SH |  | SOLE |  | 8025 | 0 | 1919 |
| Automatic Data Processing Inc | COM | 053015103 |  | 2651 | 11098 | SH |  | SOLE |  | 8000 | 0 | 3098 |
| Avery Dennison Corp. | COM | 053611109 |  | 1370 | 7572 | SH |  | SOLE |  | 5245 | 0 | 2327 |
| BW Energy LTD | COM | ACI1JYPR2 |  | 428 | 166795 | SH |  | SOLE |  | 145635 | 0 | 21160 |
| Banco del Bajio SA | COM | ACI0VM9Y9 |  | 2020 | 641303 | SH |  | SOLE |  | 525625 | 0 | 115678 |
| Bank of America Corp. | COM | 060505104 |  | 545 | 16455 | SH |  | SOLE |  | 0 | 0 | 16455 |
| Best Buy Co. Inc. | COM | 086516101 |  | 353 | 4407 | SH |  | SOLE |  | 0 | 0 | 4407 |
| Bioceres Crop Solutions Corp. | COM | G1117K114 |  | 821 | 68237 | SH |  | SOLE |  | 51945 | 0 | 16292 |
| Bonterra Energy Corp. | COM | 098546104 |  | 92 | 18350 | SH |  | SOLE |  | 1900 | 0 | 16450 |
| BristolMyers Squibb Co. | COM | 110122108 |  | 582 | 8085 | SH |  | SOLE |  | 0 | 0 | 8085 |
| CVS Health Corporation | COM | 126650100 |  | 1358 | 14574 | SH |  | SOLE |  | 4135 | 0 | 10439 |
| Church  Dwight Company Inc. | COM | 171340102 |  | 670 | 8308 | SH |  | SOLE |  | 5968 | 0 | 2340 |
| Cisco Systems Inc. | COM | 17275R102 |  | 692 | 14516 | SH |  | SOLE |  | 0 | 0 | 14516 |
| Climb Global Solutions Inc. | COM | 946760105 |  | 1437 | 45563 | SH |  | SOLE |  | 31092 | 0 | 14471 |
| Coats Group PLC | COM | B4YZN3906 |  | 488 | 613535 | SH |  | SOLE |  | 510135 | 0 | 103400 |
| Colgate-Palmolive Co. | COM | 194162103 |  | 1579 | 20046 | SH |  | SOLE |  | 13948 | 0 | 6098 |
| Columbia Care Inc. | COM | 197309107 |  | 38 | 50870 | SH |  | SOLE |  | 0 | 0 | 50870 |
| Comcast Corp. | COM | 20030N101 |  | 901 | 25767 | SH |  | SOLE |  | 8290 | 0 | 17477 |
| Credito Real Sofom ENR | COM | B8DST5905 |  | 0 | 997884 | SH |  | SOLE |  | 821884 | 0 | 176000 |
| Cresco Labs | COM | 22587M106 |  | 181 | 100590 | SH |  | SOLE |  | 0 | 0 | 100590 |
| Cummins Inc. | COM | 231021106 |  | 1659 | 6848 | SH |  | SOLE |  | 4477 | 0 | 2371 |
| Curaleaf Holdings Inc. | COM | 23126M102 |  | 240 | 55816 | SH |  | SOLE |  | 0 | 0 | 55816 |
| DLH Holdings Corp. | COM | 23335Q100 |  | 1123 | 94622 | SH |  | SOLE |  | 62655 | 0 | 31967 |
| Dana Inc. | COM | 235825205 |  | 766 | 50611 | SH |  | SOLE |  | 38865 | 0 | 11746 |
| Datadog Inc. | COM | 23804L103 |  | 242 | 3287 | SH |  | SOLE |  | 0 | 0 | 3287 |
| Dollarama Inc. | COM | 25675T958 |  | 1075 | 18373 | SH |  | SOLE |  | 13463 | 0 | 4910 |
| Eaton Corporation PLC | COM | G29183103 |  | 479 | 3053 | SH |  | SOLE |  | 1920 | 0 | 1133 |
| Ebay Inc. | COM | 278642103 |  | 238 | 5741 | SH |  | SOLE |  | 0 | 0 | 5741 |
| Ecolab Inc. | COM | 278865100 |  | 386 | 2652 | SH |  | SOLE |  | 1865 | 0 | 787 |
| Emerson Electric Co. | COM | 291011104 |  | 1097 | 11421 | SH |  | SOLE |  | 8833 | 0 | 2588 |
| Enerplus Resources Fund Trust | COM | 292766102 |  | 790 | 44758 | SH |  | SOLE |  | 41148 | 0 | 3610 |
| FB Financial Corp. | COM | 30257X104 |  | 857 | 23701 | SH |  | SOLE |  | 15240 | 0 | 8461 |
| Fastenal Co. | COM | 311900104 |  | 670 | 14151 | SH |  | SOLE |  | 10170 | 0 | 3981 |
| Fidelity National Financial I | COM | 31620R303 |  | 306 | 8140 | SH |  | SOLE |  | 0 | 0 | 8140 |
| Fiserv Inc. | COM | 337738108 |  | 2093 | 20707 | SH |  | SOLE |  | 15419 | 0 | 5288 |
| Garmin LTD | COM | H2906T109 |  | 901 | 9763 | SH |  | SOLE |  | 6951 | 0 | 2812 |
| Gilead Sciences Inc | COM | 375558103 |  | 548 | 6384 | SH |  | SOLE |  | 0 | 0 | 6384 |
| Givaudan SA ADR | ADR | 37636P108 |  | 1019 | 16625 | SH |  | SOLE |  | 12204 | 0 | 4421 |
| Graco Inc. | COM | 384109104 |  | 1744 | 25925 | SH |  | SOLE |  | 18236 | 0 | 7689 |
| Green Thumb Industries Inc. | COM | 39342L108 |  | 744 | 86091 | SH |  | SOLE |  | 125 | 0 | 85966 |
| Grupo Aeroportuario Del Pacifi | ADR | 400506101 |  | 2211 | 15373 | SH |  | SOLE |  | 12562 | 0 | 2811 |
| HP Inc. | COM | 40434L105 |  | 246 | 9153 | SH |  | SOLE |  | 0 | 0 | 9153 |
| Heineken NV ADR | ADR | 423012301 |  | 1261 | 26818 | SH |  | SOLE |  | 20775 | 0 | 6043 |
| Honeywell International Inc. | COM | 438516106 |  | 1764 | 8233 | SH |  | SOLE |  | 6104 | 0 | 2129 |
| Hormel Foods Corp. | COM | 440452100 |  | 1105 | 24260 | SH |  | SOLE |  | 17840 | 0 | 6420 |
| Hubbell Inc. | COM | 443510607 |  | 1581 | 6737 | SH |  | SOLE |  | 5183 | 0 | 1554 |
| IDEX Corp. | COM | 45167R104 |  | 1035 | 4535 | SH |  | SOLE |  | 3196 | 0 | 1339 |
| ITT Corp. | COM | 45073V108 |  | 1967 | 24248 | SH |  | SOLE |  | 18925 | 0 | 5323 |
| Indiva Limited | COM | 45580J101 |  | 9 | 112000 | SH |  | SOLE |  | 0 | 0 | 112000 |
| Intel Corp. | COM | 458140100 |  | 1134 | 42901 | SH |  | SOLE |  | 20530 | 0 | 22371 |
| International Flavors  Fragra | COM | 459506101 |  | 278 | 2652 | SH |  | SOLE |  | 1450 | 0 | 1202 |
| JPMorgan Chase  Co. | COM | 46625H100 |  | 467 | 3485 | SH |  | SOLE |  | 0 | 0 | 3485 |
| KLA Corp. | COM | 482480100 |  | 718 | 1903 | SH |  | SOLE |  | 1249 | 0 | 654 |
| LKQ Corp. | COM | 501889208 |  | 1775 | 33226 | SH |  | SOLE |  | 22330 | 0 | 10896 |
| Lam Research Corp. | COM | 512807108 |  | 504 | 1199 | SH |  | SOLE |  | 796 | 0 | 403 |
| Lincoln Electric Holdings Inc | COM | 533900106 |  | 1496 | 10353 | SH |  | SOLE |  | 7884 | 0 | 2469 |
| Linde PLC | COM | G5494J103 |  | 2143 | 6571 | SH |  | SOLE |  | 4309 | 0 | 2262 |
| META | COM | 30303M102 |  | 646 | 5365 | SH |  | SOLE |  | 2129 | 0 | 3236 |
| Magnolia Oil  Gas Corp. | COM | 559663109 |  | 739 | 31495 | SH |  | SOLE |  | 28760 | 0 | 2735 |
| Martinrea International Inc. | COM | 573459963 |  | 760 | 91324 | SH |  | SOLE |  | 64120 | 0 | 27204 |
| McCormick  Company Inc. | COM | 579780206 |  | 720 | 8688 | SH |  | SOLE |  | 6054 | 0 | 2634 |
| McDonald's Corp. | COM | 580135101 |  | 1917 | 7275 | SH |  | SOLE |  | 5411 | 0 | 1864 |
| Mechel Open Joint Stock Co. AD | ADR | 583840608 |  | 0 | 14781 | SH |  | SOLE |  | 14781 | 0 | 0 |
| Mettler-Toledo International | COM | 592688105 |  | 2193 | 1517 | SH |  | SOLE |  | 1096 | 0 | 421 |
| Michelin | COM | BPBPJ0907 |  | 651 | 23488 | SH |  | SOLE |  | 23488 | 0 | 0 |
| Michelin ADR | ADR | 59410T106 |  | 222 | 16008 | SH |  | SOLE |  | 0 | 0 | 16008 |
| Nordson Corp. | COM | 655663102 |  | 867 | 3645 | SH |  | SOLE |  | 2734 | 0 | 911 |
| Norfolk  Southern Corp. | COM | 655844108 |  | 1775 | 7202 | SH |  | SOLE |  | 5225 | 0 | 1977 |
| Novartis AG ADR | ADR | 66987V109 |  | 1405 | 15482 | SH |  | SOLE |  | 5909 | 0 | 9573 |
| Novolipetsk GDR | ADR | B0RTNX900 |  | 0 | 25985 | SH |  | SOLE |  | 25985 | 0 | 0 |
| PagSeguro Digital LTD | COM | G68707101 |  | 145 | 16611 | SH |  | SOLE |  | 5850 | 0 | 10761 |
| Paramount Global | COM | 92556H206 |  | 266 | 15772 | SH |  | SOLE |  | 0 | 0 | 15772 |
| Parker Hannifin Corp. | COM | 701094104 |  | 1236 | 4247 | SH |  | SOLE |  | 2991 | 0 | 1256 |
| Paychex Inc. | COM | 704326107 |  | 2053 | 17768 | SH |  | SOLE |  | 12259 | 0 | 5509 |
| Prosperity Bancshares Inc. | COM | 743606105 |  | 1011 | 13916 | SH |  | SOLE |  | 10190 | 0 | 3726 |
| Rostelecom Long Distance ADR | ADR | 778529107 |  | 0 | 59445 | SH |  | SOLE |  | 50150 | 0 | 9295 |
| SThree PLC | COM | BOKM9T907 |  | 1583 | 325869 | SH |  | SOLE |  | 235428 | 0 | 90441 |
| Schneider Electric SA | COM | 483410007 |  | 1474 | 10532 | SH |  | SOLE |  | 8272 | 0 | 2260 |
| Sherwin-Williams Co. | COM | 824348106 |  | 1592 | 6709 | SH |  | SOLE |  | 4824 | 0 | 1885 |
| Skyworks Solutions Inc. | COM | 83088M102 |  | 1324 | 14533 | SH |  | SOLE |  | 9146 | 0 | 5387 |
| Snap-on Inc. | COM | 833034101 |  | 2171 | 9503 | SH |  | SOLE |  | 7180 | 0 | 2323 |
| Straumann Holdings AG | COM | 715683900 |  | 1502 | 13153 | SH |  | SOLE |  | 9923 | 0 | 3230 |
| Tennant Co. | COM | 880345103 |  | 607 | 9858 | SH |  | SOLE |  | 7077 | 0 | 2781 |
| Thunderbird Entertainment Grou | COM | 88605U958 |  | 1055 | 390631 | SH |  | SOLE |  | 310470 | 0 | 80161 |
| Treatt PLC | COM | AC1086L59 |  | 546 | 72180 | SH |  | SOLE |  | 47970 | 0 | 24210 |
| Trulieve Cannabis Corp. | COM | 89788C104 |  | 340 | 44855 | SH |  | SOLE |  | 110 | 0 | 44745 |
| US Physical Therapy Inc. | COM | 90337L108 |  | 871 | 10747 | SH |  | SOLE |  | 8429 | 0 | 2318 |
| United Health Group Incorporat | COM | 91324P102 |  | 279 | 526 | SH |  | SOLE |  | 0 | 0 | 526 |
| Verano Holdings Corp. | COM | 92338D101 |  | 36 | 11435 | SH |  | SOLE |  | 0 | 0 | 11435 |
| VeriSign Inc. | COM | 92343E102 |  | 200 | 974 | SH |  | SOLE |  | 0 | 0 | 974 |
| Vermilion Energy Trust | COM | 923725956 |  | 1031 | 58270 | SH |  | SOLE |  | 51995 | 0 | 6275 |
| W.W. Grainger Inc. | COM | 384802104 |  | 2236 | 4020 | SH |  | SOLE |  | 2827 | 0 | 1193 |
| Warner Brothers Discovery | COM | 934423104 |  | 130 | 13751 | SH |  | SOLE |  | 0 | 0 | 13751 |
| XP Power Ltd. | COM | B1RMWL909 |  | 554 | 22843 | SH |  | SOLE |  | 15500 | 0 | 7343 |

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