# EDGAR Filing Document

**Accession Number:** 0001164833
**File Stem:** 0001172661-26-002350
**Filing Date:** 2026-5
**Character Count:** 57659
**Document Hash:** d3e6f5cfcd98188863852beb2a1556e5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-002350.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001172661-26-002350

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001164833

**ORGANIZATION NAME:**
- **EIN:** 954871957

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10068
- **FILM NUMBER:** 26988196

**BUSINESS ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA ST 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017
- **BUSINESS PHONE:** 2134301000

**MAIL ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA ST 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** HOTCHKIS  WILEY CAPITAL MANAGEMENT LLC<br>**Address:** 601 South Figueroa St 39th Floor<br>Los Angeles, CA 90017

**Form 13F File Number:** 028-10068

**CRD Number (if applicable):** 000114649

**SEC File Number (if applicable):** 801-60512

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:** Tina H. Kodama<br>**Title:** Chief Compliance Officer<br>**Phone:** 213-430-1897

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

/s/ Tina H. Kodama  Los Angeles, CA  05-15-2026<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:** 465

**Form 13F Information Table Value Total:** $32419232957

      (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 |
| 1ST SOURCE CORP | COM | 336901103 | BBG001S5WB32 | 10303916 | 148879 | SH |  | SOLE |  | 134459 | 0 | 14420 |
| ABERCROMBIE  FITCH CO | CL A | 002896207 | BBG001S97027 | 6499148 | 71130 | SH |  | SOLE |  | 63850 | 0 | 7280 |
| ABM INDS INC | COM | 000957100 | BBG001S5N9B8 | 8642193 | 224356 | SH |  | SOLE |  | 200026 | 0 | 24330 |
| ACADEMY SPORTS  OUTDOORS IN | COM | 00402L107 | BBG00X7L1CW0 | 3595244 | 63689 | SH |  | SOLE |  | 57369 | 0 | 6320 |
| ACADIA HEALTHCARE COMPANY IN | COM | 00404A109 | BBG001SNNWL7 | 9823332 | 419980 | SH |  | SOLE |  | 378360 | 0 | 41620 |
| ACCEL ENTERTAINMENT INC | COM CL A1 | 00436Q106 | BBG00GX221Z0 | 9883587 | 905920 | SH |  | SOLE |  | 794270 | 0 | 111650 |
| ACI WORLDWIDE INC | COM | 004498101 | BBG001S9KLL5 | 10100066 | 246283 | SH |  | SOLE |  | 220833 | 0 | 25450 |
| ADIENT PLC | ORD SHS | G0084W101 | BBG009PN0C96 | 46739667 | 2312700 | SH |  | SOLE |  | 2053550 | 0 | 259150 |
| AGCO CORP | COM | 001084102 | BBG001S7WHW3 | 2296659 | 19821 | SH |  | SOLE |  | 19821 | 0 | 0 |
| ALBANY INTL CORP | CL A | 012348108 | BBG001S5VKN1 | 8906869 | 170597 | SH |  | SOLE |  | 153117 | 0 | 17480 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 | BBG001S6CPH6 | 56708529 | 1221640 | SH |  | SOLE |  | 1070540 | 0 | 151100 |
| ALLY FINL INC | COM | 02005N100 | BBG001S5RLN4 | 6841477 | 174394 | SH |  | SOLE |  | 174394 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 313238245 | 1089297 | SH |  | SOLE |  | 1024987 | 0 | 64310 |
| AMDOCS LTD | SHS | G02602103 | BBG001SBX7P3 | 75777693 | 1161166 | SH |  | SOLE |  | 1025906 | 0 | 135260 |
| AMENTUM HOLDINGS INC | COM | 023939101 | BBG01NY7B770 | 8705504 | 333800 | SH |  | SOLE |  | 300700 | 0 | 33100 |
| AMERANT BANCORP INC | CL A | 023576101 | BBG001V0P1S2 | 10373743 | 470678 | SH |  | SOLE |  | 425208 | 0 | 45470 |
| AMERICAN ASSETS TR INC | COM | 024013104 | BBG001TCBJS5 | 8576464 | 465859 | SH |  | SOLE |  | 405749 | 0 | 60110 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 | BBG001S5NJG1 | 769852274 | 10230595 | SH |  | SOLE |  | 9613095 | 0 | 617500 |
| AMERICAN WOODMARK CORP | COM | 030506109 | BBG001S5NQ57 | 7372732 | 185105 | SH |  | SOLE |  | 165755 | 0 | 19350 |
| ANI PHARMACEUTICALS INC | COM | 00182C103 | BBG001S9DR85 | 6386545 | 83050 | SH |  | SOLE |  | 73470 | 0 | 9580 |
| APA CORPORATION | COM | 03743Q108 | BBG00YTS96H1 | 1358721438 | 32015114 | SH |  | SOLE |  | 30261398 | 0 | 1753716 |
| APOGEE ENTERPRISES INC | COM | 037598109 | BBG001S5NSY1 | 6057358 | 180601 | SH |  | SOLE |  | 163461 | 0 | 17140 |
| APOLLO COML REAL ESTATE FIN | COM | 03762U105 | BBG001T55FJ5 | 6480271 | 613662 | SH |  | SOLE |  | 531352 | 0 | 82310 |
| APTIV PLC | COM SHS | G3265R107 | BBG01R914M77 | 237556393 | 3421031 | SH |  | SOLE |  | 3321131 | 0 | 99900 |
| ARDENT HEALTH INC | COM | 03980N107 | BBG00DM203C2 | 3788622 | 442596 | SH |  | SOLE |  | 407406 | 0 | 35190 |
| ARES COML REAL ESTATE CORP | COM | 04013V108 | BBG0022MMR46 | 6010714 | 1252232 | SH |  | SOLE |  | 1118982 | 0 | 133250 |
| ARHAUS INC | COM CL A | 04035M102 | BBG012TKHZW7 | 7674621 | 1131950 | SH |  | SOLE |  | 1017910 | 0 | 114040 |
| ARROW ELECTRS INC | COM | 042735100 | BBG001S5NVP4 | 16735087 | 116694 | SH |  | SOLE |  | 103784 | 0 | 12910 |
| ARROW FINL CORP | COM | 042744102 | BBG001S5NV83 | 6252043 | 186239 | SH |  | SOLE |  | 173099 | 0 | 13140 |
| ARTESIAN RES CORP | CL A | 043113208 | BBG001S7MLX4 | 3038490 | 95400 | SH |  | SOLE |  | 85100 | 0 | 10300 |
| ASBURY AUTOMOTIVE GROUP INC | COM | 043436104 | BBG001S9B5H5 | 6777014 | 34681 | SH |  | SOLE |  | 31711 | 0 | 2970 |
| ASGN INC | COM | 00191U102 | BBG001S71HP5 | 26560054 | 686129 | SH |  | SOLE |  | 593549 | 0 | 92580 |
| ASSOCIATED BANC-CORP | COM | 045487105 | BBG001S5NVZ3 | 32220991 | 1245978 | SH |  | SOLE |  | 1086770 | 0 | 159208 |
| ASSURED GUARANTY LTD | COM | G0585R106 | BBG001SCBBM9 | 6440587 | 79045 | SH |  | SOLE |  | 68825 | 0 | 10220 |
| ASTRANA HEALTH INC | COM NEW | 03763A207 | BBG001S96MS2 | 11806870 | 481520 | SH |  | SOLE |  | 426470 | 0 | 55050 |
| ATKORE INC | COM | 047649108 | BBG001T8LDZ8 | 9041860 | 153486 | SH |  | SOLE |  | 138146 | 0 | 15340 |
| ATMUS FILTRATION TECHNOLOGIE | COM | 04956D107 | BBG01B079Z92 | 8971136 | 158026 | SH |  | SOLE |  | 142016 | 0 | 16010 |
| AUTONATION INC | COM | 05329W102 | BBG001S5NQB0 | 13043368 | 66800 | SH |  | SOLE |  | 59980 | 0 | 6820 |
| AVIAT NETWORKS INC | COM NEW | 05366Y201 | BBG001SSSZS7 | 3153371 | 139468 | SH |  | SOLE |  | 125028 | 0 | 14440 |
| AVISTA CORP | COM | 05379B107 | BBG001S5NZ48 | 33670596 | 838829 | SH |  | SOLE |  | 732289 | 0 | 106540 |
| AVNET INC | COM | 053807103 | BBG001S5NZJ2 | 94994378 | 1541616 | SH |  | SOLE |  | 1353436 | 0 | 188180 |
| AXALTA COATING SYS LTD | COM | G0750C108 | BBG0060CPLK3 | 11423840 | 412413 | SH |  | SOLE |  | 371853 | 0 | 40560 |
| B  G FOODS INC | COM | 05508R106 | BBG001SQD861 | 5208268 | 1082800 | SH |  | SOLE |  | 973860 | 0 | 108940 |
| BAKER HUGHES COMPANY | CL A | 05722G100 | BBG00GBVBK60 | 757020 | 12400 | SH |  | SOLE |  | 0 | 0 | 12400 |
| BANC OF CALIFORNIA INC | COM | 05990K106 | BBG001SKZX56 | 5938612 | 337805 | SH |  | SOLE |  | 303790 | 0 | 34015 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 221389155 | 4541316 | SH |  | SOLE |  | 4382216 | 0 | 159100 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | BBG001S5P6Q6 | 11154779 | 94030 | SH |  | SOLE |  | 70930 | 0 | 23100 |
| BANK OF MARIN BANCORP | COM | 063425102 | BBG001S7WFM8 | 6679075 | 260596 | SH |  | SOLE |  | 235796 | 0 | 24800 |
| BANK OF N T BUTTERFIELD  SO | SHS NEW | G0772R208 | BBG001S7BGZ5 | 42232230 | 804730 | SH |  | SOLE |  | 681230 | 0 | 123500 |
| BANK7 CORP | COM | 06652N107 | BBG00LV101D9 | 2907132 | 72897 | SH |  | SOLE |  | 65347 | 0 | 7550 |
| BANKUNITED INC | COM | 06652K103 | BBG001T5W6B3 | 12423516 | 275100 | SH |  | SOLE |  | 246380 | 0 | 28720 |
| BATH  BODY WORKS INC | COM | 070830104 | BBG001S5SWL1 | 4727057 | 253190 | SH |  | SOLE |  | 222840 | 0 | 30350 |
| BAYCOM CORP | COM | 07272M107 | BBG00FWKRCJ0 | 3605137 | 121283 | SH |  | SOLE |  | 108963 | 0 | 12320 |
| BAYTEX ENERGY CORP | COM | 07317Q105 | BBG001S998N5 | 12861366 | 2877263 | SH |  | SOLE |  | 2579253 | 0 | 298010 |
| BEACON FINANCIAL CORP. | COM | 084680107 | BBG001S5PSK4 | 14093400 | 469780 | SH |  | SOLE |  | 424566 | 0 | 45214 |
| BELLRING BRANDS INC | COMMON STOCK | 07831C103 | BBG013QNJHW0 | 11905699 | 739944 | SH |  | SOLE |  | 664374 | 0 | 75570 |
| BLACK HILLS CORP | COM | 092113109 | BBG001S5P6X8 | 24472092 | 352573 | SH |  | SOLE |  | 310393 | 0 | 42180 |
| BLOCK H  R INC | COM | 093671105 | BBG001S5S031 | 10367871 | 326650 | SH |  | SOLE |  | 293070 | 0 | 33580 |
| BLUE BIRD CORP | COM | 095306106 | BBG006427TN1 | 9592399 | 168910 | SH |  | SOLE |  | 148380 | 0 | 20530 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 174885074 | 878687 | SH |  | SOLE |  | 878687 | 0 | 0 |
| BOEING CO | DEP CONV PFD A | 097023204 |  | 11115371 | 171322 | SH |  | SOLE |  | 168338 | 0 | 2984 |
| BORGWARNER INC | COM | 099724106 | BBG001S7F4D2 | 114121368 | 2103232 | SH |  | SOLE |  | 2103232 | 0 | 0 |
| BOYD GAMING CORP | COM | 103304101 | BBG001S7DMW3 | 6536022 | 79533 | SH |  | SOLE |  | 69473 | 0 | 10060 |
| BREAD FINANCIAL HOLDINGS INC | COM | 018581108 | BBG001S78Z50 | 13676636 | 182623 | SH |  | SOLE |  | 163573 | 0 | 19050 |
| BRIDGEWATER BANCSHARES INC | COM | 108621103 | BBG001SQNYQ1 | 4047884 | 228694 | SH |  | SOLE |  | 206754 | 0 | 21940 |
| BRIGHTSPIRE CAPITAL INC | COM CL A | 10949T109 | BBG00JVRRR41 | 6866552 | 1226170 | SH |  | SOLE |  | 1075163 | 0 | 151007 |
| BRIGHTSTAR LOTTERY PLC | SHS USD | G4863A108 | BBG0081VHTQ2 | 12672147 | 994674 | SH |  | SOLE |  | 892864 | 0 | 101810 |
| BRINKS CO | COM | 109696104 | BBG001S8PZK2 | 46521890 | 448923 | SH |  | SOLE |  | 396383 | 0 | 52540 |
| BRUNSWICK CORP | COM | 117043109 | BBG001S5P294 | 11907174 | 163650 | SH |  | SOLE |  | 147450 | 0 | 16200 |
| BURKE HERBERT FINL SVCS CORP | COM | 12135Y108 | BBG019X33P61 | 6331405 | 101644 | SH |  | SOLE |  | 91704 | 0 | 9940 |
| CABOT CORP | COM | 127055101 | BBG001S5PK58 | 3209712 | 42620 | SH |  | SOLE |  | 37130 | 0 | 5490 |
| CACTUS INC | CL A | 127203107 | BBG00JRH1Q02 | 8473072 | 178870 | SH |  | SOLE |  | 157990 | 0 | 20880 |
| CALAVO GROWERS INC | COM | 128246105 | BBG001S9FP96 | 9957003 | 386080 | SH |  | SOLE |  | 346580 | 0 | 39500 |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 | BBG00Y04KQ51 | 87251325 | 1260493 | SH |  | SOLE |  | 1056553 | 0 | 203940 |
| CAMDEN NATL CORP | COM | 133034108 | BBG001S5PGN7 | 9329619 | 196620 | SH |  | SOLE |  | 175310 | 0 | 21310 |
| CAPITAL BANCORP INC MD | COM | 139737100 | BBG001SMZRH2 | 3126388 | 105124 | SH |  | SOLE |  | 92814 | 0 | 12310 |
| CAPITOL FED FINL INC | COM | 14057J101 | BBG001SBWDX2 | 13035480 | 1828258 | SH |  | SOLE |  | 1646278 | 0 | 181980 |
| CAPRI HOLDINGS LIMITED | SHS | G1890L107 | BBG0029SNS07 | 1924580 | 109227 | SH |  | SOLE |  | 109227 | 0 | 0 |
| CARNIVAL CORP | COMMON STOCK | 143658300 | BBG001S5PL01 | 548656 | 21200 | SH |  | SOLE |  | 21200 | 0 | 0 |
| CARTER BANKSHARES INC | COM NEW | 146103106 | BBG00Y9DFYK4 | 4417461 | 189428 | SH |  | SOLE |  | 167108 | 0 | 22320 |
| CARTERS INC | COM | 146229109 | BBG001SCJ3Q5 | 2968867 | 83022 | SH |  | SOLE |  | 74592 | 0 | 8430 |
| CASS INFORMATION SYS INC | COM | 14808P109 | BBG001S5VK42 | 3500999 | 79532 | SH |  | SOLE |  | 69982 | 0 | 9550 |
| CATHAY GEN BANCORP | COM | 149150104 | BBG001S6PB10 | 12421123 | 249120 | SH |  | SOLE |  | 224560 | 0 | 24560 |
| CBIZ INC | COM | 124805102 | BBG001S8MB55 | 9590283 | 357180 | SH |  | SOLE |  | 320690 | 0 | 36490 |
| CDW CORP | COM | 12514G108 | BBG001V18TB6 | 245365630 | 2027480 | SH |  | SOLE |  | 1867980 | 0 | 159500 |
| CENTENE CORP DEL | COM | 15135B101 | BBG001S6T7Q8 | 87043644 | 2658633 | SH |  | SOLE |  | 2658633 | 0 | 0 |
| CENTRAL GARDEN  PET CO | COM | 153527106 | BBG001S5PNG0 | 5649343 | 153640 | SH |  | SOLE |  | 140340 | 0 | 13300 |
| CENTRAL PAC FINL CORP | COM NEW | 154760409 | BBG001S5Q2C9 | 5932383 | 185619 | SH |  | SOLE |  | 163479 | 0 | 22140 |
| CENTURY COMMUNITIES INC | COM | 156504300 | BBG006G413H4 | 2739321 | 47740 | SH |  | SOLE |  | 42370 | 0 | 5370 |
| CHIRON REAL ESTATE INC | COM NEW | 37954A303 | BBG0027F2C05 | 4749626 | 143580 | SH |  | SOLE |  | 141870 | 0 | 1710 |
| CHOICEONE FINANCIA | COM | 170386106 | BBG001SDXH04 | 6357370 | 226080 | SH |  | SOLE |  | 203210 | 0 | 22870 |
| CHURCHILL DOWNS INC | COM | 171484108 | BBG001S67Z80 | 10361891 | 115350 | SH |  | SOLE |  | 103710 | 0 | 11640 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 796812763 | 7025948 | SH |  | SOLE |  | 6712647 | 0 | 313301 |
| CITIZENS FINL GROUP INC | COM | 174610105 | BBG006Q0HZT0 | 138338676 | 2306798 | SH |  | SOLE |  | 2213498 | 0 | 93300 |
| CIVISTA BANCSHARES INC | COM NO PAR | 178867107 | BBG001S91FV8 | 6215015 | 272708 | SH |  | SOLE |  | 251228 | 0 | 21480 |
| CLAROS MTG TR INC | COMMON STOCK | 18270D106 | BBG00PT33814 | 4365908 | 1834415 | SH |  | SOLE |  | 1588555 | 0 | 245860 |
| CNB FINL CORP PA | COM | 126128107 | BBG001S80QZ3 | 9734759 | 336145 | SH |  | SOLE |  | 301835 | 0 | 34310 |
| CNH INDL N V | SHS | N20944109 | BBG0059JSF67 | 479878916 | 43625356 | SH |  | SOLE |  | 40826056 | 0 | 2799300 |
| CNO FINL GROUP INC | COM | 12621E103 | BBG001SBR6X3 | 13069562 | 318304 | SH |  | SOLE |  | 285911 | 0 | 32393 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 | BBG001S5STN6 | 158422510 | 2582274 | SH |  | SOLE |  | 2582274 | 0 | 0 |
| COLUMBIA SPORTSWEAR CO | COM | 198516106 | BBG001S90WD2 | 6351383 | 115880 | SH |  | SOLE |  | 105440 | 0 | 10440 |
| COLUMBUS MCKINNON CORP N Y | COM | 199333105 | BBG001S5VFS7 | 10002670 | 688415 | SH |  | SOLE |  | 624845 | 0 | 63570 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG001S5PXL2 | 769420851 | 26799751 | SH |  | SOLE |  | 25127591 | 0 | 1672160 |
| COMMUNITY TR BANCORP INC | COM | 204149108 | BBG001S9F6J7 | 6615201 | 108946 | SH |  | SOLE |  | 98298 | 0 | 10648 |
| COMMUNITY WEST BANCSHARES NE | COM | 203937107 | BBG001SGH967 | 6432198 | 276060 | SH |  | SOLE |  | 248100 | 0 | 27960 |
| CONAGRA BRANDS INC | COM | 205887102 | BBG001S5PGY5 | 75521977 | 4804197 | SH |  | SOLE |  | 4804197 | 0 | 0 |
| CONCENTRA GROUP HOLDINGS PAR | COMMON STOCK | 20603L102 | BBG01NBZ7R83 | 9532852 | 444422 | SH |  | SOLE |  | 400654 | 0 | 43768 |
| CONMED CORP | COM | 207410101 | BBG001S5PZH2 | 11225032 | 317450 | SH |  | SOLE |  | 285330 | 0 | 32120 |
| CONNECTONE BANCORP INC | COM | 20786W107 | BBG001S6YLR0 | 13837199 | 516892 | SH |  | SOLE |  | 466121 | 0 | 50771 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 225022644 | 1704717 | SH |  | SOLE |  | 1605148 | 0 | 99569 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 264664650 | 1764431 | SH |  | SOLE |  | 1713765 | 0 | 50666 |
| CORE LABORATORIES INC | COM | 21867A105 | BBG01GG28WT1 | 3024467 | 180135 | SH |  | SOLE |  | 161845 | 0 | 18290 |
| COREBRIDGE FINL INC | COM | 21871X109 | BBG016HJ8836 | 216653095 | 9080180 | SH |  | SOLE |  | 8752880 | 0 | 327300 |
| CRANE NXT CO | COM | 224441105 | BBG017BXPZ94 | 10245890 | 252424 | SH |  | SOLE |  | 228964 | 0 | 23460 |
| CRESCENT ENERGY COMPANY | CL A COM | 44952J104 | BBG013THLJ08 | 34631348 | 2565285 | SH |  | SOLE |  | 2372246 | 0 | 193039 |
| CROCS INC | COM | 227046109 | BBG001SDGFR8 | 11281422 | 135888 | SH |  | SOLE |  | 122268 | 0 | 13620 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 336838181 | 626070 | SH |  | SOLE |  | 586500 | 0 | 39570 |
| CUSTOM TRUCK ONE SOURCE INC | COM CL A | 23204X103 | BBG00HLCWDG1 | 2973845 | 452640 | SH |  | SOLE |  | 406890 | 0 | 45750 |
| CVB FINL CORP | COM | 126600105 | BBG001SJ1SH4 | 6312046 | 325531 | SH |  | SOLE |  | 292681 | 0 | 32850 |
| CVR ENERGY INC | COM | 12662P108 | BBG001SM6PD2 | 10655273 | 316650 | SH |  | SOLE |  | 286300 | 0 | 30350 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 200721602 | 2794787 | SH |  | SOLE |  | 2692707 | 0 | 102080 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 147702893 | 262210 | SH |  | SOLE |  | 262210 | 0 | 0 |
| DELEK US HLDGS INC NEW | COM | 24665A103 | BBG00FZYFVD4 | 12561460 | 278710 | SH |  | SOLE |  | 249470 | 0 | 29240 |
| DIAMONDROCK HOSPITALITY CO | COM | 252784301 | BBG001SJ63M8 | 6957572 | 742537 | SH |  | SOLE |  | 673797 | 0 | 68740 |
| DIGITAL RLTY TR INC | COM | 253868103 | BBG001SM0K30 | 8109450 | 45000 | SH | Put | SOLE |  | 45000 | 0 | 0 |
| DIME CMNTY BANCSHARES INC | COM | 25432X102 | BBG001S7NTQ4 | 13282602 | 392744 | SH |  | SOLE |  | 353594 | 0 | 39150 |
| DNOW INC | COM | 67011P100 | BBG005BLN1Z3 | 4992672 | 419200 | SH |  | SOLE |  | 376790 | 0 | 42410 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 | BBG001SDXGH8 | 9452243 | 157380 | SH |  | SOLE |  | 141270 | 0 | 16110 |
| DOMINION ENERGY INC | COM | 25746U109 | BBG001S5QCP3 | 701619475 | 11349393 | SH |  | SOLE |  | 10604233 | 0 | 745160 |
| DOUGLAS DYNAMICS INC | COM | 25960R105 | BBG001T6QFV6 | 7366760 | 175024 | SH |  | SOLE |  | 159174 | 0 | 15850 |
| DOUGLAS EMMETT INC | COM | 25960P109 | BBG001SR5X72 | 7927043 | 841512 | SH |  | SOLE |  | 725522 | 0 | 115990 |
| EAGLE BANCORPORATION INC | COM | 268948106 | BBG001SBX1Z5 | 12884078 | 518057 | SH |  | SOLE |  | 464787 | 0 | 53270 |
| ECOVYST INC | COM | 27923Q109 | BBG00GX8YLD2 | 69622265 | 5413862 | SH |  | SOLE |  | 4720982 | 0 | 692880 |
| EDGEWELL PERSONAL CARE CO | COM | 28035Q102 | BBG001SF1XY2 | 6540411 | 306486 | SH |  | SOLE |  | 267946 | 0 | 38540 |
| EL POLLO LOCO HLDGS INC | COM | 268603107 | BBG001SQ0C48 | 7282917 | 525463 | SH |  | SOLE |  | 477233 | 0 | 48230 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 | BBG001S6KBQ8 | 641580068 | 2191563 | SH |  | SOLE |  | 2004783 | 0 | 186780 |
| EMERALD HOLDING INC | COM | 29103W104 | BBG00GCTWW65 | 2632514 | 583706 | SH |  | SOLE |  | 495506 | 0 | 88200 |
| EMPIRE ST RLTY TR INC | CL A | 292104106 | BBG002N8HMX9 | 5548712 | 1067060 | SH |  | SOLE |  | 951230 | 0 | 115830 |
| EMPLOYERS HLDGS INC | COM | 292218104 | BBG001SMM101 | 6400520 | 155579 | SH |  | SOLE |  | 135589 | 0 | 19990 |
| ENACT HLDGS INC | COM | 29249E109 | BBG00WSNP4S2 | 13952572 | 341891 | SH |  | SOLE |  | 310461 | 0 | 31430 |
| ENERGIZER HLDGS INC | COM | 29272W109 | BBG006FCB028 | 4903784 | 298647 | SH |  | SOLE |  | 268277 | 0 | 30370 |
| ENNIS INC | COM | 293389102 | BBG001S5QQS9 | 3599695 | 168053 | SH |  | SOLE |  | 146013 | 0 | 22040 |
| ENTERPRISE FINL SVCS CORP | COM | 293712105 | BBG001SKJVR4 | 11787539 | 217844 | SH |  | SOLE |  | 197224 | 0 | 20620 |
| EPLUS INC | COM | 294268107 | BBG001S99YL0 | 12205249 | 162196 | SH |  | SOLE |  | 146166 | 0 | 16030 |
| ESSENT GROUP LTD | COM | G3198U102 | BBG0058YL868 | 11907968 | 203764 | SH |  | SOLE |  | 182624 | 0 | 21140 |
| EURONET WORLDWIDE INC | COM | 298736109 | BBG001S9DW39 | 74246062 | 1118669 | SH |  | SOLE |  | 926969 | 0 | 191700 |
| EXCELERATE ENERGY INC | CL A COM | 30069T101 | BBG014GJSS81 | 8152040 | 243927 | SH |  | SOLE |  | 219097 | 0 | 24830 |
| EXPRO GROUP HOLDINGS NV | COM | N3144W105 | BBG004K27PR2 | 22661657 | 1301646 | SH |  | SOLE |  | 1157937 | 0 | 143709 |
| F ANNUITIES  LIFE INC | COMMON STOCK | 30190A104 | BBG01BGVGH85 | 8956950 | 353750 | SH |  | SOLE |  | 313920 | 0 | 39830 |
| F5 INC | COM | 315616102 | BBG001SCP8D1 | 1324929158 | 4579301 | SH |  | SOLE |  | 4296851 | 0 | 282450 |
| FARMERS NATIONAL BANC CORP | COM | 309627107 | BBG001S7S1W3 | 6604820 | 501886 | SH |  | SOLE |  | 451054 | 0 | 50832 |
| FEDERATED HERMES INC | CL B | 314211103 | BBG001S6TGK4 | 13724954 | 242020 | SH |  | SOLE |  | 216120 | 0 | 25900 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 565776614 | 1588457 | SH |  | SOLE |  | 1519507 | 0 | 68950 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 | BBG001S8SWQ0 | 150937006 | 3217587 | SH |  | SOLE |  | 3100187 | 0 | 117400 |
| FIFTH THIRD BANCORP | COM | 316773100 | BBG001S5R6S2 | 494195 | 10637 | SH |  | SOLE |  | 10637 | 0 | 0 |
| FINANCIAL INSTITUTIONS INC | COM | 317585404 | BBG001SCY2P1 | 6414996 | 202302 | SH |  | SOLE |  | 181722 | 0 | 20580 |
| FINWARD BANCORP | COM | 31812F109 | BBG001S9SXD0 | 1620432 | 44640 | SH |  | SOLE |  | 40170 | 0 | 4470 |
| FIRST BUSEY CORP | COM NEW | 319383204 | BBG001SBH5P5 | 13176182 | 521416 | SH |  | SOLE |  | 468505 | 0 | 52911 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 | BBG001S5R2V7 | 250339388 | 132830 | SH |  | SOLE |  | 132830 | 0 | 0 |
| FIRST FINANCIAL CORPORATION | COM | 320218100 | BBG001S6TD85 | 7032327 | 111271 | SH |  | SOLE |  | 101161 | 0 | 10110 |
| FIRST FNDTN INC | COM | 32026V104 | BBG001V9VY13 | 12481214 | 2115460 | SH |  | SOLE |  | 1903150 | 0 | 212310 |
| FIRST HAWAIIAN INC | COM | 32051X108 | BBG0046LJYX7 | 68924782 | 2797272 | SH |  | SOLE |  | 2404442 | 0 | 392830 |
| FIRST INTERNET BANCORP | COM | 320557101 | BBG001SJZH45 | 3037557 | 149046 | SH |  | SOLE |  | 134356 | 0 | 14690 |
| FIRST MERCHANTS CORP | COM | 320817109 | BBG001S5NNS9 | 12704098 | 328017 | SH |  | SOLE |  | 294361 | 0 | 33656 |
| FIRST MID BANCSHARES INC | COM | 320866106 | BBG001S704Q4 | 6683654 | 162264 | SH |  | SOLE |  | 147134 | 0 | 15130 |
| FIRST WESTN FINL INC | COM | 33751L105 | BBG001SN3RQ5 | 3223864 | 131158 | SH |  | SOLE |  | 111398 | 0 | 19760 |
| FIRSTSUN CAP BANCORP | COM | 33767U107 | BBG001SMZWH1 | 6107706 | 167518 | SH |  | SOLE |  | 150078 | 0 | 17440 |
| FISERV INC | COM | 337738108 | BBG001S5R6Q4 | 325593167 | 5835003 | SH |  | SOLE |  | 5536703 | 0 | 298300 |
| FIVE STAR BANCORP | COM | 33830T103 | BBG001SN0V52 | 6270196 | 166230 | SH |  | SOLE |  | 149390 | 0 | 16840 |
| FLAGSTAR BANK NATIONAL ASSOC | COM NEW | 649445400 | BBG001SD32Z2 | 12794181 | 971464 | SH |  | SOLE |  | 869974 | 0 | 101490 |
| FLOWERS FOODS INC | COM | 343498101 | BBG001S5R7L7 | 8572822 | 1051880 | SH |  | SOLE |  | 945850 | 0 | 106030 |
| FLUOR CORP | COM | 343412102 | BBG001S5Q738 | 187603208 | 4021505 | SH |  | SOLE |  | 3736835 | 0 | 284670 |
| FLUSHING FINL CORP | COM | 343873105 | BBG001S7KQM7 | 12254792 | 797838 | SH |  | SOLE |  | 716748 | 0 | 81090 |
| FORRESTER RESH INC | COM | 346563109 | BBG001S98HN6 | 2171114 | 383589 | SH |  | SOLE |  | 338749 | 0 | 44840 |
| FORTIVE CORP | COM | 34959J108 | BBG00BLVZ237 | 201548890 | 3645964 | SH |  | SOLE |  | 3645964 | 0 | 0 |
| FORTUNE BRANDS INNOVATIONS I | COM | 34964C106 | BBG001THLZ70 | 10026669 | 257292 | SH |  | SOLE |  | 234962 | 0 | 22330 |
| FOSTER L B CO | COM | 350060109 | BBG001S7HS29 | 3797106 | 136097 | SH |  | SOLE |  | 121577 | 0 | 14520 |
| FOX FACTORY HLDG CORP | COM | 35138V102 | BBG004T7VS71 | 5837210 | 354630 | SH |  | SOLE |  | 318770 | 0 | 35860 |
| FULLER H B CO | COM | 359694106 | BBG001S5RDZ9 | 12763751 | 206935 | SH |  | SOLE |  | 186165 | 0 | 20770 |
| G III APPAREL GROUP LTD | COM | 36237H101 | BBG001S6F0Z8 | 8426562 | 304208 | SH |  | SOLE |  | 271508 | 0 | 32700 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 | BBG01BFR8YW0 | 709513200 | 9967873 | SH |  | SOLE |  | 9265378 | 0 | 702495 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 142670376 | 415682 | SH |  | SOLE |  | 415682 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 | BBG001SM1DK6 | 629044475 | 8443550 | SH |  | SOLE |  | 8005800 | 0 | 437750 |
| GENPACT LIMITED | SHS | G3922B107 | BBG001SJT2Y2 | 13077060 | 351062 | SH |  | SOLE |  | 314882 | 0 | 36180 |
| GENTEX CORP | COM | 371901109 | BBG001S5RMR8 | 12067143 | 552272 | SH |  | SOLE |  | 495002 | 0 | 57270 |
| GENUINE PARTS CO | COM | 372460105 | BBG001S5RNH7 | 184744193 | 1746990 | SH |  | SOLE |  | 1693490 | 0 | 53500 |
| GLOBAL INDEMNITY GROUP LLC | COM CL A | 37959R103 | BBG004M233J2 | 24782377 | 910113 | SH |  | SOLE |  | 801785 | 0 | 108328 |
| GLOBAL INDUSTRIAL COMPANY | COM | 37892E102 | BBG001S9NZ95 | 6827043 | 216594 | SH |  | SOLE |  | 194853 | 0 | 21741 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 | BBG001S5RQ62 | 1260363 | 190100 | SH |  | SOLE |  | 190100 | 0 | 0 |
| GRANITE PT MTG TR INC | COM STK | 38741L107 | BBG00GSR1C51 | 2161250 | 1490517 | SH |  | SOLE |  | 1360183 | 0 | 130334 |
| GRAPHIC PACKAGING HLDG CO | COM | 388689101 | BBG001S90195 | 3553550 | 357500 | SH |  | SOLE |  | 321430 | 0 | 36070 |
| GREAT SOUTHN BANCORP INC | COM | 390905107 | BBG001S6DWN3 | 9702134 | 153685 | SH |  | SOLE |  | 139325 | 0 | 14360 |
| GREEN BRICK PARTNERS INC | COM | 392709101 | BBG001SS5LM9 | 3024510 | 46928 | SH |  | SOLE |  | 42038 | 0 | 4890 |
| GREENBRIER COS INC | COM | 393657101 | BBG001S80QK9 | 21056788 | 399939 | SH |  | SOLE |  | 348637 | 0 | 51302 |
| GROCERY OUTLET HLDG CORP | COM | 39874R101 | BBG00P4R30Z8 | 7180637 | 1018530 | SH |  | SOLE |  | 916450 | 0 | 102080 |
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 | BBG001S5RNK3 | 9926835 | 30024 | SH |  | SOLE |  | 27324 | 0 | 2700 |
| GSK PLC | SPONSORED ADR | 37733W204 | BBG001SD6SM6 | 192174560 | 3482054 | SH |  | SOLE |  | 3139314 | 0 | 342740 |
| H2O AMERICA | COM | 784305104 | BBG001S5W3N8 | 10727986 | 182853 | SH |  | SOLE |  | 164043 | 0 | 18810 |
| HANMI FINL CORP | COM NEW | 410495204 | BBG001SFGJ31 | 12904433 | 489546 | SH |  | SOLE |  | 440146 | 0 | 49400 |
| HANOVER INS GROUP INC | COM | 410867105 | BBG001S8KZF3 | 9642594 | 55625 | SH |  | SOLE |  | 48850 | 0 | 6775 |
| HARLEY DAVIDSON INC | COM | 412822108 | BBG001S5RTY5 | 9690698 | 479263 | SH |  | SOLE |  | 420653 | 0 | 58610 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 | BBG001S8PXF3 | 183241383 | 1355035 | SH |  | SOLE |  | 1313335 | 0 | 41700 |
| HAVERTY FURNITURE COS INC | COM | 419596101 | BBG001SBYDJ6 | 7466395 | 352521 | SH |  | SOLE |  | 310511 | 0 | 42010 |
| HEALTHCARE SVCS GROUP INC | COM | 421906108 | BBG001S5RTV8 | 5986938 | 322746 | SH |  | SOLE |  | 290106 | 0 | 32640 |
| HELEN OF TROY LTD | COM | G4388N106 | BBG001S5RVH9 | 5708662 | 395885 | SH |  | SOLE |  | 346505 | 0 | 49380 |
| HELIX ENERGY SOLUTIONS GRP I | COM | 42330P107 | BBG001S978V8 | 8842876 | 894123 | SH |  | SOLE |  | 812623 | 0 | 81500 |
| HERBALIFE LTD | COM SHS | G4412G101 | BBG001SKFKY4 | 9506912 | 645850 | SH |  | SOLE |  | 603170 | 0 | 42680 |
| HERC HLDGS INC | COM | 42704L104 | BBG001SNNBX0 | 4749033 | 47705 | SH |  | SOLE |  | 43315 | 0 | 4390 |
| HERITAGE COMM CORP | COM | 426927109 | BBG001SBY8P0 | 10283196 | 823974 | SH |  | SOLE |  | 744104 | 0 | 79870 |
| HERITAGE FINL CORP WASH | COM | 42722X106 | BBG001SBJ270 | 7021014 | 270039 | SH |  | SOLE |  | 246529 | 0 | 23510 |
| HILLTOP HLDGS INC | COM | 432748101 | BBG001SH9HH4 | 12760338 | 356235 | SH |  | SOLE |  | 320525 | 0 | 35710 |
| HILTON GRAND VACATIONS INC | COM | 43283X105 | BBG00CBYY6L2 | 11337445 | 289812 | SH |  | SOLE |  | 259212 | 0 | 30600 |
| HINGHAM INSTN SVGS MASS | COM | 433323102 | BBG001S614T2 | 11986986 | 41936 | SH |  | SOLE |  | 37346 | 0 | 4590 |
| HOMEBANCORP INC | COM | 43689E107 | BBG001ST9B63 | 6903879 | 113963 | SH |  | SOLE |  | 102936 | 0 | 11027 |
| HOPE BANCORP INC | COM | 43940T109 | BBG001S8F2H0 | 12682429 | 1135401 | SH |  | SOLE |  | 1019961 | 0 | 115440 |
| HORACE MANN EDUCATORS CORP N | COM | 440327104 | BBG001S5RY01 | 23015489 | 539257 | SH |  | SOLE |  | 475353 | 0 | 63904 |
| HUMANA INC | COM | 444859102 | BBG001S5S1X6 | 278988671 | 1609024 | SH |  | SOLE |  | 1523524 | 0 | 85500 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 | BBG001V0PDL3 | 40106043 | 105570 | SH |  | SOLE |  | 88670 | 0 | 16900 |
| HUNTSMAN CORP | COM | 447011107 | BBG001SKWX22 | 16881898 | 1268362 | SH |  | SOLE |  | 1162452 | 0 | 105910 |
| IBOTTA INC | CLASS A COM SHS | 451051106 | BBG006NHMVD6 | 4614781 | 153980 | SH |  | SOLE |  | 137970 | 0 | 16010 |
| ICON PLC | SHS | G4705A100 | BBG001SDCL35 | 4303789 | 38892 | SH |  | SOLE |  | 38892 | 0 | 0 |
| INDEPENDENT BK CORP MASS | COM | 453836108 | BBG001S5S8F1 | 3062175 | 40715 | SH |  | SOLE |  | 36645 | 0 | 4070 |
| INDEPENDENT BK CORP MICH | COM NEW | 453838609 | BBG001S5S335 | 6137523 | 184310 | SH |  | SOLE |  | 165700 | 0 | 18610 |
| INGRAM MICRO HLDG CORP | COM | 457152106 | BBG01Q381L02 | 10751738 | 461250 | SH |  | SOLE |  | 417530 | 0 | 43720 |
| INMODE LTD | SHS | M5425M103 | BBG00PPS74F3 | 10328947 | 755040 | SH |  | SOLE |  | 684250 | 0 | 70790 |
| INNOSPEC INC | COM | 45768S105 | BBG001S8RTD2 | 8821546 | 120810 | SH |  | SOLE |  | 105645 | 0 | 15165 |
| INNOVEX INTERNATIONAL INC | COM | 457651107 | BBG001SB9LK4 | 10062655 | 412573 | SH |  | SOLE |  | 370603 | 0 | 41970 |
| INSIGHT ENTERPRISES INC | COM | 45765U103 | BBG001S7LHJ0 | 8208055 | 122490 | SH |  | SOLE |  | 110120 | 0 | 12370 |
| INSPERITY INC | COM | 45778Q107 | BBG001S894P4 | 7194262 | 266060 | SH |  | SOLE |  | 239270 | 0 | 26790 |
| INTERNATIONAL MONEY EXPRESS | COM | 46005L101 | BBG00G6D5NH5 | 5800812 | 367140 | SH |  | SOLE |  | 334270 | 0 | 32870 |
| INTERPARFUMS INC | COM | 458334109 | BBG001SD06N9 | 12105338 | 133260 | SH |  | SOLE |  | 119740 | 0 | 13520 |
| ITRON INC | COM | 465741106 | BBG001S6DJQ9 | 9315246 | 103930 | SH |  | SOLE |  | 93230 | 0 | 10700 |
| JAKKS PAC INC | COM NEW | 47012E403 | BBG001S8ZPR6 | 7155384 | 359206 | SH |  | SOLE |  | 310236 | 0 | 48970 |
| JANUS INTERNATIONAL GROUP IN | COMMON STOCK | 47103N106 | BBG0100SH2D9 | 7167502 | 1391748 | SH |  | SOLE |  | 1233128 | 0 | 158620 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 | BBG001SNW8K1 | 4883729 | 25833 | SH |  | SOLE |  | 25833 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 | BBG001SCLGS1 | 39140725 | 128617 | SH |  | SOLE |  | 106827 | 0 | 21790 |
| KAISER ALUMINIUM CORPORATION | COM PAR $0.01 | 483007704 | BBG001SR3GT7 | 13235613 | 109830 | SH |  | SOLE |  | 99960 | 0 | 9870 |
| KB HOME | COM | 48666K109 | BBG001S5SJV9 | 2731106 | 52775 | SH |  | SOLE |  | 46225 | 0 | 6550 |
| KEARNY FINL CORP MD | COM | 48716P108 | BBG008N1HXQ5 | 9191672 | 1217440 | SH |  | SOLE |  | 1081470 | 0 | 135970 |
| KEMPER CORP | COM | 488401100 | BBG001SD3BG3 | 12667120 | 414500 | SH |  | SOLE |  | 372170 | 0 | 42330 |
| KFORCE INC | COM | 493732101 | BBG001SCQRF6 | 10855789 | 371265 | SH |  | SOLE |  | 334625 | 0 | 36640 |
| KIMBALL ELECTRONICS INC | COM | 49428J109 | BBG001TCYZ77 | 6860648 | 289601 | SH |  | SOLE |  | 261681 | 0 | 27920 |
| KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 | BBG00GCLZ7C7 | 11605813 | 239740 | SH |  | SOLE |  | 214790 | 0 | 24950 |
| KONTOOR BRANDS INC | COM | 50050N103 | BBG00LPTHYM5 | 10466884 | 148910 | SH |  | SOLE |  | 133630 | 0 | 15280 |
| KORN FERRY | COM NEW | 500643200 | BBG001SC0054 | 6661684 | 105825 | SH |  | SOLE |  | 94245 | 0 | 11580 |
| KOSMOS ENERGY LTD | COM | 500688106 | BBG001SJV7R6 | 55743451 | 20051601 | SH |  | SOLE |  | 18224931 | 0 | 1826670 |
| KRAFT HEINZ CO | COM | 500754106 | BBG005CPNTR1 | 343384944 | 15268339 | SH |  | SOLE |  | 14530739 | 0 | 737600 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 | BBG01MMT6PQ2 | 198400450 | 743602 | SH |  | SOLE |  | 743602 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 | BBG003CVMLR1 | 11885625 | 281250 | SH |  | SOLE |  | 252870 | 0 | 28380 |
| LANDSTAR SYS INC | COM | 515098101 | BBG001S5RWM1 | 14723672 | 91845 | SH |  | SOLE |  | 82385 | 0 | 9460 |
| LANTHEUS HLDGS INC | COM | 516544103 | BBG006Q52RF8 | 14123042 | 186197 | SH |  | SOLE |  | 165867 | 0 | 20330 |
| LAUREATE ED INC | COMMON STOCK | 518613203 | BBG00B4Z2YY9 | 3906121 | 112116 | SH |  | SOLE |  | 102276 | 0 | 9840 |
| LEAR CORP | COM NEW | 521865204 | BBG001T60092 | 35105814 | 289939 | SH |  | SOLE |  | 254699 | 0 | 35240 |
| LEGACY HOUSING CORP | COM | 52472M101 | BBG00MJDR6K7 | 2848964 | 139450 | SH |  | SOLE |  | 124040 | 0 | 15410 |
| LEGGETT  PLATT INC | COM | 524660107 | BBG001S5SRG8 | 5974140 | 604670 | SH |  | SOLE |  | 547660 | 0 | 57010 |
| LINCOLN NATL CORP IND | COM | 534187109 | BBG001S5STV7 | 9292161 | 261751 | SH |  | SOLE |  | 233071 | 0 | 28680 |
| LINDSAY CORP | COM | 535555106 | BBG001SB90F6 | 9001692 | 75600 | SH |  | SOLE |  | 68010 | 0 | 7590 |
| LITHIA MTRS INC | COM | 536797103 | BBG001SC88P7 | 125666596 | 503230 | SH |  | SOLE |  | 474000 | 0 | 29230 |
| LIVANOVA PLC | SHS | G5509L101 | BBG009LGHG25 | 35374572 | 556554 | SH |  | SOLE |  | 482394 | 0 | 74160 |
| LIVE OAK BANCSHARES INC | COM | 53803X105 | BBG001T4RVG2 | 8258207 | 249719 | SH |  | SOLE |  | 224530 | 0 | 25189 |
| M/I HOMES INC | COM | 55305B101 | BBG001S7HGC4 | 3226068 | 26346 | SH |  | SOLE |  | 23478 | 0 | 2868 |
| MACYS INC | COM | 55616P104 | BBG001S6KRW6 | 5498636 | 303960 | SH |  | SOLE |  | 273290 | 0 | 30670 |
| MADDEN STEVEN LTD | COM | 556269108 | BBG001S7JHQ5 | 6036946 | 177976 | SH |  | SOLE |  | 160716 | 0 | 17260 |
| MAGNA INTL INC | COM | 559222401 | BBG001S5SY91 | 549447832 | 9844971 | SH |  | SOLE |  | 9353871 | 0 | 491100 |
| MANPOWERGROUP INC WIS | COM | 56418H100 | BBG001S5SYW5 | 11560988 | 392430 | SH |  | SOLE |  | 361670 | 0 | 30760 |
| MARRIOTT VACATIONS WORLDWIDE | COM | 57164Y107 | BBG001V0GHW2 | 64656606 | 992884 | SH |  | SOLE |  | 884224 | 0 | 108660 |
| MATSON INC | COM | 57686G105 | BBG001S5NL21 | 10037882 | 61229 | SH |  | SOLE |  | 55109 | 0 | 6120 |
| MATTEL INC | COM | 577081102 | BBG001S5SZF1 | 5466578 | 376227 | SH |  | SOLE |  | 330107 | 0 | 46120 |
| MAXIMUS INC | COM | 577933104 | BBG001S6G4K5 | 8484789 | 132368 | SH |  | SOLE |  | 118408 | 0 | 13960 |
| MCGRATH RENTCORP | COM | 580589109 | BBG001S5T593 | 3420665 | 31018 | SH |  | SOLE |  | 27658 | 0 | 3360 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 415147949 | 4791090 | SH |  | SOLE |  | 4530190 | 0 | 260900 |
| MERCANTILE BK CORP | COM | 587376104 | BBG001S971V3 | 9653227 | 191153 | SH |  | SOLE |  | 172363 | 0 | 18790 |
| MERCHANTS BANCORP IND | COM | 58844R108 | BBG001STXPM7 | 12976327 | 302408 | SH |  | SOLE |  | 273448 | 0 | 28960 |
| METHODE ELECTRS INC | COM | 591520200 | BBG001S5T3T6 | 4710785 | 853403 | SH |  | SOLE |  | 774763 | 0 | 78640 |
| MGIC INVT CORP WIS | COM | 552848103 | BBG001S6SFR0 | 4029900 | 153520 | SH |  | SOLE |  | 140740 | 0 | 12780 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 29942681 | 80889 | SH |  | SOLE |  | 57600 | 0 | 23289 |
| MID PENN BANCORP INC | COM | 59540G107 | BBG001S5T0G6 | 3577704 | 111247 | SH |  | SOLE |  | 99027 | 0 | 12220 |
| MIDLAND STATES BANCORP INC | COM | 597742105 | BBG001SMZRY3 | 12055521 | 540364 | SH |  | SOLE |  | 484734 | 0 | 55630 |
| MILLER INDS INC TENN | COM NEW | 600551204 | BBG001S7BMD6 | 23730229 | 520971 | SH |  | SOLE |  | 453551 | 0 | 67420 |
| MILLERKNOLL INC | COM | 600544100 | BBG001S5T771 | 7867643 | 544097 | SH |  | SOLE |  | 485957 | 0 | 58140 |
| MOLINA HEALTHCARE INC | COM | 60855R100 | BBG001SKBQ20 | 12733349 | 95524 | SH |  | SOLE |  | 85444 | 0 | 10080 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 | BBG001S5VQ21 | 2829645 | 65714 | SH |  | SOLE |  | 65714 | 0 | 0 |
| MONARCH CASINO  RESORT INC | COM | 609027107 | BBG001S7DVP1 | 3327836 | 34810 | SH |  | SOLE |  | 31400 | 0 | 3410 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG001SHHZJ3 | 323841118 | 5618340 | SH |  | SOLE |  | 5239140 | 0 | 379200 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 279769 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| MSC INDL DIRECT INC | CL A | 553530106 | BBG001S5TD87 | 13095420 | 141925 | SH |  | SOLE |  | 127005 | 0 | 14920 |
| MURPHY OIL CORP | COM | 626717102 | BBG001S5TG80 | 112322884 | 2722979 | SH |  | SOLE |  | 2297929 | 0 | 425050 |
| MVB FINL CORP | COM | 553810102 | BBG001SDT8M5 | 1474157 | 59370 | SH |  | SOLE |  | 53340 | 0 | 6030 |
| MYERS INDS INC | COM | 628464109 | BBG001S5TH97 | 10103898 | 477049 | SH |  | SOLE |  | 429619 | 0 | 47430 |
| N-ABLE INC | COMMON STOCK | 62878D100 | BBG00YJKWXF6 | 6031118 | 1291460 | SH |  | SOLE |  | 1159330 | 0 | 132130 |
| NATHANS FAMOUS INC | COM | 632347100 | BBG001S5Q337 | 6680414 | 66320 | SH |  | SOLE |  | 59460 | 0 | 6860 |
| NATIONAL CINEMEDIA INC | COM NEW | 635309206 | BBG001SRSPD7 | 24088452 | 7897853 | SH |  | SOLE |  | 6813512 | 0 | 1084341 |
| NATIONAL ENERGY SERVICES REU | SHS | G6375R107 | BBG00GNGGRK4 | 2989053 | 139220 | SH |  | SOLE |  | 125620 | 0 | 13600 |
| NATIONAL RESH CORP | COM NEW | 637372202 | BBG004K1F9R1 | 4870543 | 286840 | SH |  | SOLE |  | 243580 | 0 | 43260 |
| NAVIENT CORPORATION | COM | 63938C108 | BBG004MN1R50 | 11510765 | 1407184 | SH |  | SOLE |  | 1284304 | 0 | 122880 |
| NB BANCORP INC | COM | 63945M107 | BBG01KS1NKX5 | 9497766 | 450772 | SH |  | SOLE |  | 404282 | 0 | 46490 |
| NEW JERSEY RES CORP | COM | 646025106 | BBG001S5TMT4 | 14079950 | 256372 | SH |  | SOLE |  | 230572 | 0 | 25800 |
| NEXTDECADE CORP | COM | 65342K105 | BBG008GC7WN5 | 14546723 | 1899050 | SH |  | SOLE |  | 1691980 | 0 | 207070 |
| NMI HLDGS INC | COM | 629209305 | BBG005DLMPF1 | 12650735 | 337263 | SH |  | SOLE |  | 303413 | 0 | 33850 |
| NOBLE CORP PLC | ORD SHS A | G65431127 | BBG018KBK3H7 | 8131831 | 165719 | SH |  | SOLE |  | 150159 | 0 | 15560 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 212858716 | 741668 | SH |  | SOLE |  | 715168 | 0 | 26500 |
| NORTHEAST BK PORTLAND ME | COM | 66405S100 | BBG001SDS4K7 | 9489759 | 84451 | SH |  | SOLE |  | 75861 | 0 | 8590 |
| NORTHEAST CMNTY BANCORP INC | COM | 664121100 | BBG011RJRYB9 | 1619352 | 68040 | SH |  | SOLE |  | 61080 | 0 | 6960 |
| NORTHERN OIL  GAS INC | COM | 665531307 | BBG001SK2P31 | 11355592 | 388491 | SH |  | SOLE |  | 348361 | 0 | 40130 |
| NORTHERN TR CORP | COM | 665859104 | BBG001S5TRG7 | 446624 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| NORTHFIELD BANCORP INC DEL | COM | 66611T108 | BBG001T0M0Z2 | 3353804 | 247696 | SH |  | SOLE |  | 222616 | 0 | 25080 |
| NORTHPOINTE BANCSHARES INC. | COM SHS | 66661N886 | BBG001SN2CT6 | 12727006 | 737370 | SH |  | SOLE |  | 662310 | 0 | 75060 |
| NORTHWEST NAT HLDG CO | COM | 66765N105 | BBG00KXKRLP1 | 14367537 | 269965 | SH |  | SOLE |  | 241965 | 0 | 28000 |
| NORTHWESTERN ENERGY GROUP IN | COM NEW | 668074305 | BBG001SM2G73 | 6438513 | 97642 | SH |  | SOLE |  | 87732 | 0 | 9910 |
| NOV INC | COM | 62955J103 | BBG001S6HFR2 | 280637921 | 14919613 | SH |  | SOLE |  | 14173833 | 0 | 745780 |
| NRG ENERGY INC | COM NEW | 629377508 | BBG001SDD8F0 | 2265170 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| OCEANFIRST FINL CORP | COM | 675234108 | BBG001S92JX7 | 12472946 | 691405 | SH |  | SOLE |  | 618935 | 0 | 72470 |
| OGE ENERGY CORP | COM | 670837103 | BBG001S5TVY8 | 52381241 | 1092186 | SH |  | SOLE |  | 900686 | 0 | 191500 |
| OIL STS INTL INC | COM | 678026105 | BBG001S7WK56 | 11652234 | 1001051 | SH |  | SOLE |  | 890251 | 0 | 110800 |
| OLIN CORP | COM PAR $1 | 680665205 | BBG001S5TWW8 | 448453980 | 15084224 | SH |  | SOLE |  | 14100554 | 0 | 983670 |
| OMNICOM GROUP INC | COM | 681919106 | BBG001S5VR10 | 404869121 | 5376034 | SH |  | SOLE |  | 5071734 | 0 | 304300 |
| ONE GAS INC | COM | 68235P108 | BBG004WQKD16 | 9955078 | 115582 | SH |  | SOLE |  | 104512 | 0 | 11070 |
| ONEWATER MARINE INC | CL A COM | 68280L101 | BBG00PPXGH27 | 3870890 | 409618 | SH |  | SOLE |  | 357358 | 0 | 52260 |
| ORGANON  CO | COMMON STOCK | 68622V106 | BBG00ZQRGW42 | 8242000 | 1375960 | SH |  | SOLE |  | 1235210 | 0 | 140750 |
| ORIGIN BANCORP INC | COM | 68621T102 | BBG001S78WZ4 | 3186989 | 76869 | SH |  | SOLE |  | 69079 | 0 | 7790 |
| OTTER TAIL CORP | COM | 689648103 | BBG001S5TYX3 | 7052583 | 80353 | SH |  | SOLE |  | 70253 | 0 | 10100 |
| OVINTIV INC | COM | 69047Q102 | BBG00R2NHQ74 | 504624880 | 8501093 | SH |  | SOLE |  | 8002303 | 0 | 498790 |
| OXFORD INDS INC | COM | 691497309 | BBG001S5TZF0 | 7197211 | 186892 | SH |  | SOLE |  | 169352 | 0 | 17540 |
| PACCAR INC | COM | 693718108 | BBG001S5V1S8 | 405519692 | 3510993 | SH |  | SOLE |  | 3335543 | 0 | 175450 |
| PAR PAC HOLDINGS INC | COM NEW | 69888T207 | BBG003C5DLS7 | 13998036 | 223468 | SH |  | SOLE |  | 199738 | 0 | 23730 |
| PARK HOTELS  RESORTS INC | COM | 700517105 | BBG00FGXCKN3 | 12190012 | 1157646 | SH |  | SOLE |  | 1032506 | 0 | 125140 |
| PAYCOM SOFTWARE INC | COM | 70432V102 | BBG0064N1009 | 13117812 | 107930 | SH |  | SOLE |  | 96710 | 0 | 11220 |
| PBF ENERGY INC | CL A | 69318G106 | BBG002832HM6 | 14161950 | 297395 | SH |  | SOLE |  | 266915 | 0 | 30480 |
| PC CONNECTION INC | COM | 69318J100 | BBG001S96MG5 | 2944279 | 50364 | SH |  | SOLE |  | 44954 | 0 | 5410 |
| PEAPACK-GLADSTONE FINL CORP | COM | 704699107 | BBG001SG3CC8 | 7642331 | 217050 | SH |  | SOLE |  | 197360 | 0 | 19690 |
| PEBBLEBROOK HOTEL TR | 6.3 CUM PFD SR F | 70509V704 |  | 7278744 | 377137 | SH |  | SOLE |  | 370063 | 0 | 7074 |
| PEBBLEBROOK HOTEL TR | COM | 70509V100 | BBG001T5S1M7 | 12033952 | 952807 | SH |  | SOLE |  | 871827 | 0 | 80980 |
| PEOPLES BANCORP INC | COM | 709789101 | BBG001S77C89 | 9757788 | 296860 | SH |  | SOLE |  | 266510 | 0 | 30350 |
| PEOPLES FINL SVCS CORP | COM | 711040105 | BBG001S9KST2 | 1596700 | 29940 | SH |  | SOLE |  | 26820 | 0 | 3120 |
| PETMED EXPRESS INC | COM | 716382106 | BBG001S6TKF1 | 1173158 | 514543 | SH |  | SOLE |  | 439543 | 0 | 75000 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 10520584 | 63630 | SH |  | SOLE |  | 49360 | 0 | 14270 |
| PHOTRONICS INC | COM | 719405102 | BBG001S5V7C2 | 14212561 | 351709 | SH |  | SOLE |  | 314659 | 0 | 37050 |
| POLARIS INC | COM | 731068102 | BBG001S7HWZ4 | 6220358 | 114135 | SH |  | SOLE |  | 103765 | 0 | 10370 |
| POPULAR INC | COM NEW | 733174700 | BBG001S5PC01 | 62434668 | 465340 | SH |  | SOLE |  | 357940 | 0 | 107400 |
| PORTILLOS INC | COM CL A | 73642K106 | BBG012YL5W59 | 3185321 | 602140 | SH |  | SOLE |  | 541120 | 0 | 61020 |
| PORTLAND GEN ELEC CO | COM NEW | 736508847 | BBG001S5V4Y5 | 13670069 | 259050 | SH |  | SOLE |  | 232820 | 0 | 26230 |
| PPG INDS INC | COM | 693506107 | BBG001S5VC13 | 658375028 | 6159946 | SH |  | SOLE |  | 5744506 | 0 | 415440 |
| PPL CORP | COM | 69351T106 | BBG001S5VC31 | 193939872 | 5076960 | SH |  | SOLE |  | 4932760 | 0 | 144200 |
| PREFERRED BK LOS ANGELES CA | COM NEW | 740367404 | BBG001S9SFK1 | 12815857 | 141315 | SH |  | SOLE |  | 125695 | 0 | 15620 |
| PRESTIGE CONSMR HEALTHCARE I | COM | 74112D101 | BBG001SH44F0 | 8108136 | 136800 | SH |  | SOLE |  | 122980 | 0 | 13820 |
| PROFRAC HLDG CORP | CLASS A COM | 74319N100 | BBG013PRYQC7 | 7762896 | 1252080 | SH |  | SOLE |  | 1127800 | 0 | 124280 |
| PROPETRO HLDG CORP | COM | 74347M108 | BBG00FYCQ3Y0 | 13248338 | 919385 | SH |  | SOLE |  | 816385 | 0 | 103000 |
| PROVIDENT FINL SVCS INC | COM | 74386T105 | BBG001SKM445 | 13058428 | 617128 | SH |  | SOLE |  | 556828 | 0 | 60300 |
| PVH CORPORATION | COM | 693656100 | BBG001S5VGY8 | 3802618 | 54510 | SH |  | SOLE |  | 49580 | 0 | 4930 |
| QUAD / GRAPHICS INC | COM CL A | 747301109 | BBG001SG6LT7 | 6752313 | 1021530 | SH |  | SOLE |  | 891230 | 0 | 130300 |
| RADIAN GROUP INC | COM | 750236101 | BBG001SBWXG7 | 13340238 | 403272 | SH |  | SOLE |  | 362402 | 0 | 40870 |
| RANGE RES CORP | COM | 75281A109 | BBG001SBZNN8 | 10561729 | 233770 | SH |  | SOLE |  | 199770 | 0 | 34000 |
| RBB BANCORP | COM | 74930B105 | BBG002537TD8 | 3933961 | 184088 | SH |  | SOLE |  | 166468 | 0 | 17620 |
| RESIDEO TECHNOLOGIES INC | COM | 76118Y104 | BBG00HY28L05 | 6952991 | 206259 | SH |  | SOLE |  | 187549 | 0 | 18710 |
| RESOURCES CONNECTION INC | COM | 76122Q105 | BBG001S7QYK6 | 3049976 | 817688 | SH |  | SOLE |  | 743618 | 0 | 74070 |
| REX AMERICAN RES CORP | COM | 761624105 | BBG001S7D5J5 | 13720307 | 301082 | SH |  | SOLE |  | 269902 | 0 | 31180 |
| REYNOLDS CONSUMER PRODS INC | COM | 76171L106 | BBG00QVJVZ22 | 11864401 | 560170 | SH |  | SOLE |  | 500440 | 0 | 59730 |
| RMR GROUP INC | CL A | 74967R106 | BBG00B6V7CK4 | 5233501 | 338300 | SH |  | SOLE |  | 287600 | 0 | 50700 |
| ROBERT HALF INC. | COM | 770323103 | BBG001S5VP41 | 34085860 | 1341963 | SH |  | SOLE |  | 1197613 | 0 | 144350 |
| RPC INC | COM | 749660106 | BBG001S5VN37 | 9265228 | 1308648 | SH |  | SOLE |  | 1189668 | 0 | 118980 |
| RUSH ENTERPRISES INC | CL A | 781846209 | BBG001SKX0D1 | 57774256 | 873911 | SH |  | SOLE |  | 755756 | 0 | 118155 |
| S  T BANCORP INC | COM | 783859101 | BBG001S68QG0 | 6427598 | 153660 | SH |  | SOLE |  | 138170 | 0 | 15490 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 689570554 | 3694062 | SH |  | SOLE |  | 3462892 | 0 | 231170 |
| SANFILIPPO JOHN B  SON INC | COM | 800422107 | BBG001S6WMC6 | 10927470 | 137747 | SH |  | SOLE |  | 124787 | 0 | 12960 |
| SANMINA CORP | COM | 801056102 | BBG001S5SYJ0 | 6328895 | 48819 | SH |  | SOLE |  | 44219 | 0 | 4600 |
| SAP SE | SPON ADR | 803054204 | BBG001S6RD41 | 43914509 | 256495 | SH |  | SOLE |  | 149545 | 0 | 106950 |
| SAREPTA THERAPEUTICS INC | COM | 803607100 | BBG001S6KJC6 | 12188864 | 560150 | SH |  | SOLE |  | 502770 | 0 | 57380 |
| SCANSOURCE INC | COM | 806037107 | BBG001S7S0W5 | 9967073 | 274575 | SH |  | SOLE |  | 245515 | 0 | 29060 |
| SCHNEIDER NATIONAL INC | CL B | 80689H102 | BBG001SF1R75 | 6859136 | 260210 | SH |  | SOLE |  | 236390 | 0 | 23820 |
| SCIENCE APPLICATIONS INTL CO | COM | 808625107 | BBG003BW05L5 | 10955477 | 115418 | SH |  | SOLE |  | 103538 | 0 | 11880 |
| SELECT WATER SOLUTIONS INC | CL A COM | 81617J301 | BBG00G4Y2F27 | 8112687 | 530241 | SH |  | SOLE |  | 464381 | 0 | 65860 |
| SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 | BBG00JPGYWV3 | 13564208 | 385128 | SH |  | SOLE |  | 346558 | 0 | 38570 |
| SERITAGE GROWTH PPTYS | CL A | 81752R100 | BBG008NVFMP6 | 8784706 | 3126230 | SH |  | SOLE |  | 2790630 | 0 | 335600 |
| SEVEN HILLS REALTY TRUST | COM | 81784E101 | BBG00GGSN9W5 | 1333284 | 162200 | SH |  | SOLE |  | 143180 | 0 | 19020 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 571638357 | 6146649 | SH |  | SOLE |  | 5767286 | 0 | 379363 |
| SHORE BANCSHARES INC | COM | 825107105 | BBG001S9TSK2 | 5665625 | 303299 | SH |  | SOLE |  | 266124 | 0 | 37175 |
| SIERRA BANCORP | COM | 82620P102 | BBG001S6XR89 | 3641617 | 107359 | SH |  | SOLE |  | 95659 | 0 | 11700 |
| SIGA TECHNOLOGIES INC | COM | 826917106 | BBG001S80PZ5 | 4424701 | 827047 | SH |  | SOLE |  | 730477 | 0 | 96570 |
| SIMMONS FIRST NATL CORP | CL A $1 PAR | 828730200 | BBG001S5W0T8 | 9286189 | 477439 | SH |  | SOLE |  | 429389 | 0 | 48050 |
| SIMPLY GOOD FOODS CO | COM | 82900L102 | BBG00GVP5JM3 | 11219691 | 781860 | SH |  | SOLE |  | 702740 | 0 | 79120 |
| SLB LIMITED | COM STK | 806857108 | BBG001S5W4C8 | 498810457 | 9706372 | SH |  | SOLE |  | 9048942 | 0 | 657430 |
| SLM CORP | COM | 78442P106 | BBG001S5W4T0 | 138869285 | 6486188 | SH |  | SOLE |  | 5524698 | 0 | 961490 |
| SM ENERGY COMPANY | COM | 78454L100 | BBG001S6W0J7 | 15742283 | 504884 | SH |  | SOLE |  | 457584 | 0 | 47300 |
| SMUCKER J M CO | COM NEW | 832696405 | BBG001S5W3H5 | 211210929 | 2190076 | SH |  | SOLE |  | 2100876 | 0 | 89200 |
| SOLVENTUM CORP | COM SHS | 83444M101 | BBG018YZH6V0 | 45256818 | 693060 | SH |  | SOLE |  | 598160 | 0 | 94900 |
| SONIC AUTOMOTIVE INC | CL A | 83545G102 | BBG001S5VVK0 | 14906158 | 217386 | SH |  | SOLE |  | 193976 | 0 | 23410 |
| SONOCO PRODS CO | COM | 835495102 | BBG001S7M9F1 | 9364223 | 173123 | SH |  | SOLE |  | 154623 | 0 | 18500 |
| SOUTHERN FIRST BANCSHARES | COM | 842873101 | BBG001SD2Z08 | 6274585 | 115130 | SH |  | SOLE |  | 103490 | 0 | 11640 |
| SOUTHERN MO BANCORP INC | COM | 843380106 | BBG001S7WWN0 | 9897976 | 154801 | SH |  | SOLE |  | 139001 | 0 | 15800 |
| SOUTHSIDE BANCSHARES INC | COM | 84470P109 | BBG001S66SR6 | 6365678 | 204750 | SH |  | SOLE |  | 184060 | 0 | 20690 |
| SPIRE INC | COM | 84857L101 | BBG001S5SSD9 | 13419477 | 148216 | SH |  | SOLE |  | 132796 | 0 | 15420 |
| STAGWELL INC | COM CL A | 85256A109 | BBG00ZV0HW08 | 145035179 | 23058057 | SH |  | SOLE |  | 20450678 | 0 | 2607379 |
| STANLEY BLACK  DECKER INC | COM | 854502101 | BBG001S5WHT1 | 228860810 | 3220670 | SH |  | SOLE |  | 2916670 | 0 | 304000 |
| STAR EQUITY HOLDINGS INC | COM NEW | 443787205 | BBG001SGFTT0 | 122538 | 11920 | SH |  | SOLE |  | 11920 | 0 | 0 |
| STATE STR CORP | COM | 857477103 | BBG001S5RLD5 | 536119677 | 4236091 | SH |  | SOLE |  | 3990191 | 0 | 245900 |
| STEWART INFORMATION SVCS COR | COM | 860372101 | BBG001S7KRL6 | 8513866 | 138257 | SH |  | SOLE |  | 121867 | 0 | 16390 |
| STIFEL FINL CORP | COM | 860630102 | BBG001S5W081 | 42264204 | 571756 | SH |  | SOLE |  | 487081 | 0 | 84675 |
| STONERIDGE INC | COM | 86183P102 | BBG001S5RX58 | 70035 | 14500 | SH |  | SOLE |  | 14500 | 0 | 0 |
| SYLVAMO CORP | COMMON STOCK | 871332102 | BBG0122M8040 | 5900801 | 139697 | SH |  | SOLE |  | 121197 | 0 | 18500 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 23383774 | 69193 | SH |  | SOLE |  | 35893 | 0 | 33300 |
| TALOS ENERGY INC | COM | 87484T108 | BBG00JPH4JG0 | 11921841 | 756462 | SH |  | SOLE |  | 675372 | 0 | 81090 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 | BBG01Q08MMX4 | 167173569 | 799797 | SH |  | SOLE |  | 775997 | 0 | 23800 |
| TELEFONAKTIEBOLAGET LM ERICS | ADR B SEK 10 | 294821608 | BBG001S5QXT3 | 927094171 | 82262127 | SH |  | SOLE |  | 75316127 | 0 | 6946000 |
| TENNANT CO | COM | 880345103 | BBG001SCHFK6 | 8013484 | 120685 | SH |  | SOLE |  | 106615 | 0 | 14070 |
| THE CIGNA GROUP | COM | 125523100 | BBG00KXRCDQ9 | 132602759 | 497105 | SH |  | SOLE |  | 477805 | 0 | 19300 |
| THERMON GROUP HLDGS INC | COM | 88362T103 | BBG001V0BDC8 | 3337438 | 66219 | SH |  | SOLE |  | 59529 | 0 | 6690 |
| THOR INDS INC | COM | 885160101 | BBG001S5WPH6 | 9972908 | 124833 | SH |  | SOLE |  | 112703 | 0 | 12130 |
| TIDEWATER INC NEW | COM | 88642R109 | BBG00HBQ36G8 | 4848407 | 58030 | SH |  | SOLE |  | 51930 | 0 | 6100 |
| TIMKEN CO | COM | 887389104 | BBG001S5WQK0 | 157478741 | 1565862 | SH |  | SOLE |  | 1500942 | 0 | 64920 |
| TITAN MACHY INC | COM | 88830R101 | BBG001STZCF2 | 7786855 | 465721 | SH |  | SOLE |  | 421131 | 0 | 44590 |
| TOWNEBANK PORTSMOUTH VA | COM | 89214P109 | BBG001S5WTN1 | 3147775 | 93489 | SH |  | SOLE |  | 83829 | 0 | 9660 |
| TRAVEL PLUS LEISURE CO | COM | 894164102 | BBG001SN4127 | 13201660 | 190803 | SH |  | SOLE |  | 171443 | 0 | 19360 |
| TRI POINTE HOMES INC | COM | 87265H109 | BBG001TCN6V6 | 6724400 | 143899 | SH |  | SOLE |  | 129159 | 0 | 14740 |
| TRICO BANCSHARES | COM | 896095106 | BBG001S78RY6 | 4862058 | 102273 | SH |  | SOLE |  | 91153 | 0 | 11120 |
| TRIMAS CORP | COM NEW | 896215209 | BBG001SKRBD4 | 7068428 | 196673 | SH |  | SOLE |  | 177963 | 0 | 18710 |
| TRUEBLUE INC | COM | 89785X101 | BBG001SC5XD8 | 5592141 | 1430215 | SH |  | SOLE |  | 1254025 | 0 | 176190 |
| TRUIST FINL CORP | COM | 89832Q109 | BBG001S5YYC0 | 346477223 | 7537029 | SH |  | SOLE |  | 7114129 | 0 | 422900 |
| TRUSTCO BK CORP N Y | COM NEW | 898349204 | BBG001S5WWG2 | 12756135 | 291369 | SH |  | SOLE |  | 258279 | 0 | 33090 |
| U HAUL HOLDING COMPANY | COM SER N | 023586506 | BBG01B6SGC20 | 141654332 | 3171129 | SH |  | SOLE |  | 2492429 | 0 | 678700 |
| UFP INDUSTRIES INC | COM | 90278Q108 | BBG001S7GZG9 | 11628492 | 126232 | SH |  | SOLE |  | 113532 | 0 | 12700 |
| UNIFIRST CORP MASS | COM | 904708104 | BBG001S5X2B2 | 7905209 | 31421 | SH |  | SOLE |  | 28521 | 0 | 2900 |
| UNILEVER PLC | SPON ADR NEW | 904767803 | BBG001S5X1K4 | 149112708 | 2617390 | SH |  | SOLE |  | 2572502 | 0 | 44888 |
| UNITED CMNTY BKS BLAIRSVLE G | COM | 90984P303 | BBG001S9SSJ5 | 3057899 | 97107 | SH |  | SOLE |  | 87037 | 0 | 10070 |
| UNITED PARCEL SVCS INC | CL B | 911312106 | BBG001SDGSH1 | 55584700 | 565000 | SH | Put | SOLE |  | 565000 | 0 | 0 |
| UNITED PARKS  RESORTS INC | COM | 81282V100 | BBG003RY97L1 | 7214725 | 220904 | SH |  | SOLE |  | 201284 | 0 | 19620 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 478692110 | 1769068 | SH |  | SOLE |  | 1637228 | 0 | 131840 |
| UNITIL CORP | COM | 913259107 | BBG001S5X5G0 | 6546665 | 125319 | SH |  | SOLE |  | 109819 | 0 | 15500 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 | BBG001S6S976 | 42454905 | 237218 | SH |  | SOLE |  | 208518 | 0 | 28700 |
| UNIVEST FINANCIAL CORPORATIO | COM | 915271100 | BBG001S6YQ99 | 10303318 | 300739 | SH |  | SOLE |  | 271969 | 0 | 28770 |
| UPBOUND GROUP INC | COM | 76009N100 | BBG001S6BR38 | 13314763 | 737660 | SH |  | SOLE |  | 669140 | 0 | 68520 |
| US BANCORP | COM NEW | 902973304 | BBG001S6T8C1 | 587518587 | 11296262 | SH |  | SOLE |  | 10619662 | 0 | 676600 |
| UTAH MED PRODS INC | COM | 917488108 | BBG001S6PWD1 | 5525231 | 89131 | SH |  | SOLE |  | 81261 | 0 | 7870 |
| VAALCO ENERGY INC | COM NEW | 91851C201 | BBG001S76ZS7 | 12493858 | 1970640 | SH |  | SOLE |  | 1756860 | 0 | 213780 |
| VAIL RESORTS INC | COM | 91879Q109 | BBG001S5TFD6 | 12428177 | 96853 | SH |  | SOLE |  | 86973 | 0 | 9880 |
| VALARIS LTD | CL A | G9460G101 | BBG010JW9K58 | 7347902 | 74948 | SH |  | SOLE |  | 67328 | 0 | 7620 |
| VALLEY NATL BANCORP | COM | 919794107 | BBG001S7H654 | 9584380 | 780487 | SH |  | SOLE |  | 704007 | 0 | 76480 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 | BBG001T62MC8 | 14630327 | 264300 | SH |  | SOLE |  | 264300 | 0 | 0 |
| VERSIGENT LTD | ORDINARY SHARES | G9600F104 | BBG01SLWMYF8 | 886545 | 27835 | SH |  | SOLE |  | 27835 | 0 | 0 |
| VIRTU FINL INC | CL A | 928254101 | BBG0064N2T87 | 7485792 | 170209 | SH |  | SOLE |  | 152749 | 0 | 17460 |
| VIRTUS INVT PARTNERS INC | COM | 92828Q109 | BBG001T1QKH2 | 12974448 | 96572 | SH |  | SOLE |  | 86642 | 0 | 9930 |
| VISHAY INTERTECHNOLOGY INC | COM | 928298108 | BBG001S5XB04 | 10355652 | 575314 | SH |  | SOLE |  | 520634 | 0 | 54680 |
| VISTEON CORP | COM NEW | 92839U206 | BBG001TCM086 | 11861429 | 130188 | SH |  | SOLE |  | 117038 | 0 | 13150 |
| VODAFONE GROUP PLC | SPONSORED ADR | 92857W308 | BBG001S6MDB8 | 10877544 | 724204 | SH |  | SOLE |  | 282904 | 0 | 441300 |
| VONTIER CORPORATION | COM | 928881101 | BBG00RRGSKH2 | 21215919 | 598137 | SH |  | SOLE |  | 529457 | 0 | 68680 |
| VORNADO RLTY TR | SH BEN INT | 929042109 | BBG001S5X909 | 10436155 | 401545 | SH |  | SOLE |  | 354455 | 0 | 47090 |
| VOYA FINANCIAL INC | COM | 929089100 | BBG001S6QQP0 | 8851266 | 129556 | SH |  | SOLE |  | 113846 | 0 | 15710 |
| WAFD INC | COM | 938824109 | BBG001S5XF96 | 16704831 | 532001 | SH |  | SOLE |  | 480241 | 0 | 51760 |
| WALKER  DUNLOP INC | COM | 93148P102 | BBG001T0JGM5 | 4851178 | 109310 | SH |  | SOLE |  | 98290 | 0 | 11020 |
| WASHINGTON TR BANCORP INC | COM | 940610108 | BBG001S5XC66 | 10264290 | 306763 | SH |  | SOLE |  | 277983 | 0 | 28780 |
| WEATHERFORD INTL PLC | ORD SHS | G48833118 | BBG00R4SQJS4 | 16145373 | 170706 | SH |  | SOLE |  | 148126 | 0 | 22580 |
| WELLS FARGO  CO | COM | 949746101 | BBG001S5XF23 | 502851948 | 6316442 | SH |  | SOLE |  | 5991717 | 0 | 324725 |
| WENDYS CO | COM | 95058W100 | BBG001S7HBX2 | 11543255 | 1660900 | SH |  | SOLE |  | 1492050 | 0 | 168850 |
| WESCO INTL INC | COM | 95082P105 | BBG001SCRP78 | 2039563 | 7454 | SH |  | SOLE |  | 7454 | 0 | 0 |
| WEX INC | COM | 96208T104 | BBG001SCJLG6 | 36208958 | 236598 | SH |  | SOLE |  | 206848 | 0 | 29750 |
| WHIRLPOOL CORP | 8.5 DEP SR A CNV | 963320205 |  | 4299750 | 105000 | SH |  | SOLE |  | 102977 | 0 | 2023 |
| WHIRLPOOL CORP | COM | 963320106 | BBG001S5XFS5 | 3395181 | 62967 | SH |  | SOLE |  | 62967 | 0 | 0 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 | BBG001SBLRT8 | 13287214 | 6048 | SH |  | SOLE |  | 5416 | 0 | 632 |
| WINNEBAGO INDS INC | COM | 974637100 | BBG001S5XFG8 | 9601415 | 309823 | SH |  | SOLE |  | 279813 | 0 | 30010 |
| WORKDAY INC | CL A | 98138H101 | BBG001T21KQ7 | 1384392831 | 10655733 | SH |  | SOLE |  | 9903488 | 0 | 752245 |
| WORKIVA INC | COM CL A | 98139A105 | BBG007BVZ8J7 | 100165758 | 1679788 | SH |  | SOLE |  | 1453168 | 0 | 226620 |
| WORLD KINECT CORPORATION | COM | 981475106 | BBG001S5S9J5 | 8881812 | 384994 | SH |  | SOLE |  | 346444 | 0 | 38550 |
| WPP PLC NEW | ADR | 92937A102 | BBG001S5XJ89 | 233276559 | 15001708 | SH |  | SOLE |  | 14198698 | 0 | 803010 |
| YETI HLDGS INC | COM | 98585X104 | BBG00D8JC891 | 7520709 | 205540 | SH |  | SOLE |  | 181080 | 0 | 24460 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 | BBG001S7DQJ9 | 252487813 | 2792389 | SH |  | SOLE |  | 2729189 | 0 | 63200 |
| ZIONS BANCORPORATION NATL AS | COM | 989701107 | BBG001S5XN80 | 24948020 | 432975 | SH |  | SOLE |  | 383775 | 0 | 49200 |

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