# EDGAR Filing Document

**Accession Number:** 0001695818
**File Stem:** 0001695818-25-000003
**Filing Date:** 2025-11
**Character Count:** 22997
**Document Hash:** a2594194199071a9f2e66f03e238f461
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001695818-25-000003.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001695818-25-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251104

**EFFECTIVENESS DATE**: 20251105

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18212
- **FILM NUMBER:** 251451545

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

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

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

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

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

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

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

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

/s/  Nir Kaissar  Providence, RI  11-04-2025<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:** 175

**Form 13F Information Table Value Total:** $1095930769

      (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 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 5666533 | 35024 | SH |  | SOLE |  | 0 | 0 | 35024 |
| ADVANSIX INC | COM | 00773T101 | BBG00CWTTQ32 | 587253 | 30302 | SH |  | SOLE |  | 0 | 0 | 30302 |
| AGCO CORP | COM | 001084102 | BBG001S7WHW3 | 831827 | 7769 | SH |  | SOLE |  | 0 | 0 | 7769 |
| ALBEMARLE CORP | COM | 012653101 | BBG001S7SBP9 | 1051564 | 12905 | SH |  | SOLE |  | 0 | 0 | 12905 |
| ALIGN TECHNOLOGY INC | COM | 016255101 | BBG001SCF1B9 | 1324327 | 10576 | SH |  | SOLE |  | 0 | 0 | 10576 |
| ALPHA METALLURGICAL RESOUR I | COM | 020764106 | BBG00DGWV044 | 578582 | 3526 | SH |  | SOLE |  | 0 | 0 | 3526 |
| AMBEV SA | SPONSORED ADR | 02319V103 | BBG005KLVT74 | 693378 | 307763 | SH |  | SOLE |  | 0 | 0 | 307763 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 | BBG00Q9MR7Z1 | 63625275 | 714650 | SH |  | SOLE |  | 0 | 0 | 714650 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 | BBG00Q9MQZW3 | 130271756 | 1308869 | SH |  | SOLE |  | 0 | 0 | 1308869 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 627368 | 2464 | SH |  | SOLE |  | 0 | 0 | 2464 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 | BBG001S5ND74 | 3386123 | 56681 | SH |  | SOLE |  | 0 | 0 | 56681 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 | BBG001SMRQL8 | 769747 | 15099 | SH |  | SOLE |  | 0 | 0 | 15099 |
| BEST BUY INC | COM | 086516101 | BBG001S5P285 | 2301234 | 30054 | SH |  | SOLE |  | 0 | 0 | 30054 |
| BIOGEN INC | COM | 09062X103 | BBG001S67826 | 711326 | 5078 | SH |  | SOLE |  | 0 | 0 | 5078 |
| BOISE CASCADE CO DEL | COM | 09739D100 | BBG001SZX397 | 578972 | 7488 | SH |  | SOLE |  | 0 | 0 | 7488 |
| BORGWARNER INC | COM | 099724106 | BBG001S7F4D2 | 664324 | 15112 | SH |  | SOLE |  | 0 | 0 | 15112 |
| BREAD FINANCIAL HOLDINGS INC | COM | 018581108 | BBG001S78Z50 | 983170 | 17629 | SH |  | SOLE |  | 0 | 0 | 17629 |
| BUCKLE INC | COM | 118440106 | BBG001S5P6T3 | 2450932 | 41782 | SH |  | SOLE |  | 0 | 0 | 41782 |
| CAL MAINE FOODS INC | COM NEW | 128030202 | BBG001S80MM6 | 967630 | 10283 | SH |  | SOLE |  | 0 | 0 | 10283 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | BBG001S65PV8 | 16347402 | 76900 | SH |  | SOLE |  | 0 | 0 | 76900 |
| CATHAY GEN BANCORP | COM | 149150104 | BBG001S6PB10 | 780643 | 16260 | SH |  | SOLE |  | 0 | 0 | 16260 |
| CF INDS HLDGS INC | COM | 125269100 | BBG001SJ8KV8 | 800482 | 8924 | SH |  | SOLE |  | 0 | 0 | 8924 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 2830005 | 18224 | SH |  | SOLE |  | 0 | 0 | 18224 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 3860572 | 13631 | SH |  | SOLE |  | 0 | 0 | 13631 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 4612534 | 67415 | SH |  | SOLE |  | 0 | 0 | 67415 |
| CIVITAS RESOURCES INC | COM NEW | 17888H103 | BBG00GLNJ0R0 | 286000 | 8800 | SH |  | SOLE |  | 0 | 0 | 8800 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 | BBG001S5PW43 | 752740 | 61700 | SH |  | SOLE |  | 0 | 0 | 61700 |
| CNB FINL CORP PA | COM | 126128107 | BBG001S80QZ3 | 712230 | 29431 | SH |  | SOLE |  | 0 | 0 | 29431 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 | BBG001S5STN6 | 2009216 | 29957 | SH |  | SOLE |  | 0 | 0 | 29957 |
| COLUMBIA BKG SYS INC | COM | 197236102 | BBG001S72GJ3 | 358815 | 13940 | SH |  | SOLE |  | 0 | 0 | 13940 |
| COMMERCIAL METALS CO | COM | 201723103 | BBG001S5PXG8 | 793557 | 13854 | SH |  | SOLE |  | 0 | 0 | 13854 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 1662324 | 17574 | SH |  | SOLE |  | 0 | 0 | 17574 |
| CORE NATURAL RESOURCES INC | COM SHS | 218937100 | BBG00HC115M9 | 1174396 | 14068 | SH |  | SOLE |  | 0 | 0 | 14068 |
| COSTAMARE BULKERS HLDGS LTD | COM SHS | Y2001C101 | BBG01SMK85Y1 | 246805 | 17175 | SH |  | SOLE |  | 0 | 0 | 17175 |
| COSTAMARE INC | SHS | Y1771G102 | BBG001TCSQ10 | 1293200 | 108581 | SH |  | SOLE |  | 0 | 0 | 108581 |
| COTERRA ENERGY INC | COM | 127097103 | BBG001S6H6Y4 | 565850 | 23926 | SH |  | SOLE |  | 0 | 0 | 23926 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 4177436 | 55411 | SH |  | SOLE |  | 0 | 0 | 55411 |
| D R HORTON INC | COM | 23331A109 | BBG001S8M692 | 6603229 | 38964 | SH |  | SOLE |  | 0 | 0 | 38964 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 | BBG002PHSZN7 | 2280871 | 15939 | SH |  | SOLE |  | 0 | 0 | 15939 |
| DILLARDS INC | CL A | 254067101 | BBG001S5VNW5 | 4917010 | 7998 | SH |  | SOLE |  | 0 | 0 | 7998 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS HI | 25434V757 | BBG017156DS5 | 27328802 | 894806 | SH |  | SOLE |  | 0 | 0 | 894806 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS VA | 25434V740 | BBG017158GJ6 | 605877 | 18999 | SH |  | SOLE |  | 0 | 0 | 18999 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 | BBG012G21Y06 | 555552 | 12046 | SH |  | SOLE |  | 0 | 0 | 12046 |
| DIMENSIONAL ETF TRUST | INTL HIGH PROFIT | 25434V765 | BBG01636J356 | 318915 | 10492 | SH |  | SOLE |  | 0 | 0 | 10492 |
| DIMENSIONAL ETF TRUST | US HIGH PROFITAB | 25434V831 | BBG015DLMLQ7 | 501455 | 13277 | SH |  | SOLE |  | 0 | 0 | 13277 |
| DIODES INC | COM | 254543101 | BBG001SCJ937 | 583979 | 10975 | SH |  | SOLE |  | 0 | 0 | 10975 |
| DOW INC | COM | 260557103 | BBG00BN96931 | 1675747 | 73081 | SH |  | SOLE |  | 0 | 0 | 73081 |
| EAST WEST BANCORP INC | COM | 27579R104 | BBG001SCC7R2 | 910680 | 8555 | SH |  | SOLE |  | 0 | 0 | 8555 |
| ECHOSTAR CORP | CL A | 278768106 | BBG001T048Z5 | 1742459 | 22819 | SH |  | SOLE |  | 0 | 0 | 22819 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 | BBG001S6KBQ8 | 2379133 | 7363 | SH |  | SOLE |  | 0 | 0 | 7363 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 2819845 | 21496 | SH |  | SOLE |  | 0 | 0 | 21496 |
| ENNIS INC | COM | 293389102 | BBG001S5QQS9 | 824190 | 45087 | SH |  | SOLE |  | 0 | 0 | 45087 |
| EOG RES INC | COM | 26875P101 | BBG001S5ZB93 | 3386024 | 30200 | SH |  | SOLE |  | 0 | 0 | 30200 |
| ESSENT GROUP LTD | COM | G3198U102 | BBG0058YL868 | 735771 | 11576 | SH |  | SOLE |  | 0 | 0 | 11576 |
| ETHAN ALLEN INTERIORS INC | COM | 297602104 | BBG001S67JZ6 | 935178 | 31744 | SH |  | SOLE |  | 0 | 0 | 31744 |
| EVEREST GROUP LTD | COM | G3223R108 | BBG001S7QT63 | 592238 | 1691 | SH |  | SOLE |  | 0 | 0 | 1691 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 2480162 | 21997 | SH |  | SOLE |  | 0 | 0 | 21997 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 | BBG006N7S6J1 | 750197 | 12402 | SH |  | SOLE |  | 0 | 0 | 12402 |
| FIFTH THIRD BANCORP | COM | 316773100 | BBG001S5R6S2 | 4737056 | 105385 | SH |  | SOLE |  | 0 | 0 | 105385 |
| FIRST AMERN FINL CORP | COM | 31847R102 | BBG001T1LV65 | 634049 | 9870 | SH |  | SOLE |  | 0 | 0 | 9870 |
| FIRST HORIZON CORPORATION | COM | 320517105 | BBG001SCW8R8 | 1092912 | 48019 | SH |  | SOLE |  | 0 | 0 | 48019 |
| FRANKLIN RESOURCES INC | COM | 354613101 | BBG001S5P3W6 | 2617606 | 111625 | SH |  | SOLE |  | 0 | 0 | 111625 |
| FUTUREFUEL CORP | COM | 36116M106 | BBG001SNX0W4 | 354166 | 91280 | SH |  | SOLE |  | 0 | 0 | 91280 |
| GARMIN LTD | SHS | H2906T109 | BBG001SG0H12 | 6953252 | 28240 | SH |  | SOLE |  | 0 | 0 | 28240 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 5864177 | 17197 | SH |  | SOLE |  | 0 | 0 | 17197 |
| GENERAL MTRS CO | COM | 37045V100 | BBG001SM1DK6 | 4162543 | 68272 | SH |  | SOLE |  | 0 | 0 | 68272 |
| GENIE ENERGY LTD | CL B | 372284208 | BBG0021PGB79 | 605879 | 40527 | SH |  | SOLE |  | 0 | 0 | 40527 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 | BBG00HPF2LX6 | 1268036 | 65262 | SH |  | SOLE |  | 0 | 0 | 65262 |
| HANMI FINL CORP | COM NEW | 410495204 | BBG001SFGJ31 | 787685 | 31903 | SH |  | SOLE |  | 0 | 0 | 31903 |
| HEALTHCARE SVCS GROUP INC | COM | 421906108 | BBG001S5RTV8 | 573684 | 34087 | SH |  | SOLE |  | 0 | 0 | 34087 |
| HEIDRICK  STRUGGLES INTL IN | COM | 422819102 | BBG001SCQ2H9 | 1006599 | 20225 | SH |  | SOLE |  | 0 | 0 | 20225 |
| HF SINCLAIR CORP | COM | 403949100 | BBG0135B2269 | 1208897 | 23097 | SH |  | SOLE |  | 0 | 0 | 23097 |
| HP INC | COM | 40434L105 | BBG001S6W7N7 | 3204964 | 116462 | SH |  | SOLE |  | 0 | 0 | 116462 |
| HUMANA INC | COM | 444859102 | BBG001S5S1X6 | 2646315 | 10137 | SH |  | SOLE |  | 0 | 0 | 10137 |
| INGLES MKTS INC | CL A | 457030104 | BBG001S5S7D5 | 1060581 | 15247 | SH |  | SOLE |  | 0 | 0 | 15247 |
| INMODE LTD | SHS | M5425M103 | BBG00PPS74F3 | 593765 | 39850 | SH |  | SOLE |  | 0 | 0 | 39850 |
| INSTEEL INDS INC | COM | 45774W108 | BBG001SK9GV3 | 696983 | 18179 | SH |  | SOLE |  | 0 | 0 | 18179 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 1052027 | 31357 | SH |  | SOLE |  | 0 | 0 | 31357 |
| ISHARES TR | BROAD USD HIGH | 46435U853 | BBG00J2DS0J6 | 2219525 | 58749 | SH |  | SOLE |  | 0 | 0 | 58749 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 | BBG001SQS9Y2 | 1572602 | 16521 | SH |  | SOLE |  | 0 | 0 | 16521 |
| ISHARES TR | MSCI INTL MOMENT | 46434V449 | BBG007WGK4B0 | 3962130 | 82751 | SH |  | SOLE |  | 0 | 0 | 82751 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 | BBG007WGM3H4 | 37061071 | 838676 | SH |  | SOLE |  | 0 | 0 | 838676 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 | BBG004FPV022 | 6087313 | 23737 | SH |  | SOLE |  | 0 | 0 | 23737 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 | BBG004TRTWW3 | 71737393 | 368830 | SH |  | SOLE |  | 0 | 0 | 368830 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 | BBG001SLS4Q3 | 2484421 | 23267 | SH |  | SOLE |  | 0 | 0 | 23267 |
| JOHNSON OUTDOORS INC | CL A | 479167108 | BBG001SD39D1 | 279742 | 6926 | SH |  | SOLE |  | 0 | 0 | 6926 |
| KRAFT HEINZ CO | COM | 500754106 | BBG005CPNTR1 | 2627332 | 100896 | SH |  | SOLE |  | 0 | 0 | 100896 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 | BBG01MMT6PQ2 | 3233731 | 11265 | SH |  | SOLE |  | 0 | 0 | 11265 |
| LENNAR CORP | CL A | 526057104 | BBG001S5SRK3 | 4728139 | 37513 | SH |  | SOLE |  | 0 | 0 | 37513 |
| LOUISIANA PAC CORP | COM | 546347105 | BBG001S5SW04 | 746078 | 8398 | SH |  | SOLE |  | 0 | 0 | 8398 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 | BBG001T8LMY9 | 2118233 | 43194 | SH |  | SOLE |  | 0 | 0 | 43194 |
| M/I HOMES INC | COM | 55305B101 | BBG001S7HGC4 | 999091 | 6917 | SH |  | SOLE |  | 0 | 0 | 6917 |
| MALIBU BOATS INC | COM CL A | 56117J100 | BBG005PXTR61 | 283742 | 8744 | SH |  | SOLE |  | 0 | 0 | 8744 |
| MASTERCRAFT BOAT HLDGS INC | COM | 57637H103 | BBG002ZYLPP6 | 378039 | 17616 | SH |  | SOLE |  | 0 | 0 | 17616 |
| MATADOR RES CO | COM | 576485205 | BBG001T3L5S4 | 626819 | 13951 | SH |  | SOLE |  | 0 | 0 | 13951 |
| MATSON INC | COM | 57686G105 | BBG001S5NL21 | 688652 | 6985 | SH |  | SOLE |  | 0 | 0 | 6985 |
| MERITAGE HOMES CORP | COM | 59001A102 | BBG001S9F527 | 771090 | 10646 | SH |  | SOLE |  | 0 | 0 | 10646 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 11461469 | 15607 | SH |  | SOLE |  | 0 | 0 | 15607 |
| METHODE ELECTRS INC | COM | 591520200 | BBG001S5T3T6 | 121298 | 16066 | SH |  | SOLE |  | 0 | 0 | 16066 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 4380601 | 53182 | SH |  | SOLE |  | 0 | 0 | 53182 |
| METROPOLITAN BK HLDG CORP | COM | 591774104 | BBG001V0P380 | 1010070 | 13500 | SH |  | SOLE |  | 0 | 0 | 13500 |
| MGIC INVT CORP WIS | COM | 552848103 | BBG001S6SFR0 | 972467 | 34278 | SH |  | SOLE |  | 0 | 0 | 34278 |
| MILLROSE PPTYS INC | COM CL A | 601137102 | BBG01RQYH427 | 711893 | 21181 | SH |  | SOLE |  | 0 | 0 | 21181 |
| MOSAIC CO NEW | COM | 61945C103 | BBG001S7LJN1 | 972046 | 28029 | SH |  | SOLE |  | 0 | 0 | 28029 |
| MUELLER INDS INC | COM | 624756102 | BBG001S6PVC4 | 1935548 | 19143 | SH |  | SOLE |  | 0 | 0 | 19143 |
| NMI HLDGS INC | COM | 629209305 | BBG005DLMPF1 | 872503 | 22757 | SH |  | SOLE |  | 0 | 0 | 22757 |
| NUCOR CORP | COM | 670346105 | BBG001S5TRV0 | 5822935 | 42822 | SH |  | SOLE |  | 0 | 0 | 42822 |
| NVR INC | COM | 62944T105 | BBG001S5TSM8 | 2691611 | 335 | SH |  | SOLE |  | 0 | 0 | 335 |
| OFG BANCORP | COM | 67103X102 | BBG001S9J8R0 | 1330735 | 30389 | SH |  | SOLE |  | 0 | 0 | 30389 |
| OLYMPIC STEEL INC | COM | 68162K106 | BBG001S5XN26 | 577728 | 18973 | SH |  | SOLE |  | 0 | 0 | 18973 |
| ON SEMICONDUCTOR CORP | COM | 682189105 | BBG001SF7RS6 | 2564120 | 52000 | SH |  | SOLE |  | 0 | 0 | 52000 |
| PAGSEGURO DIGITAL LTD | COM CL A | G68707101 | BBG00JM7QCG6 | 749260 | 74926 | SH |  | SOLE |  | 0 | 0 | 74926 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 | BBG01VS5NKB6 | 307598 | 16215 | SH |  | SOLE |  | 0 | 0 | 16215 |
| PATHWARD FINANCIAL INC | COM | 59100U108 | BBG001S7G4Q7 | 755412 | 10200 | SH |  | SOLE |  | 0 | 0 | 10200 |
| PERDOCEO ED CORP | COM | 71363P106 | BBG001S6M491 | 1632712 | 43354 | SH |  | SOLE |  | 0 | 0 | 43354 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 2387042 | 93683 | SH |  | SOLE |  | 0 | 0 | 93683 |
| POPULAR INC | COM NEW | 733174700 | BBG001S5PC01 | 1255242 | 9825 | SH |  | SOLE |  | 0 | 0 | 9825 |
| PREFERRED BK LOS ANGELES CA | COM NEW | 740367404 | BBG001S9SFK1 | 955784 | 10574 | SH |  | SOLE |  | 0 | 0 | 10574 |
| PREMIER INC | CL A | 74051N102 | BBG001SJLD58 | 494117 | 17774 | SH |  | SOLE |  | 0 | 0 | 17774 |
| PRICE T ROWE GROUP INC | COM | 74144T108 | BBG001S5WW18 | 1824632 | 17777 | SH |  | SOLE |  | 0 | 0 | 17777 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 | BBG001SD3148 | 5028077 | 60645 | SH |  | SOLE |  | 0 | 0 | 60645 |
| PRUDENTIAL FINL INC | COM | 744320102 | BBG001S97MM7 | 3699783 | 35664 | SH |  | SOLE |  | 0 | 0 | 35664 |
| PULTE GROUP INC | COM | 745867101 | BBG001S5V5K7 | 1399205 | 10572 | SH |  | SOLE |  | 0 | 0 | 10572 |
| QCR HOLDINGS INC | COM | 74727A104 | BBG001SJTPZ0 | 873729 | 11542 | SH |  | SOLE |  | 0 | 0 | 11542 |
| RBB BANCORP | COM | 74930B105 | BBG002537TD8 | 589683 | 31433 | SH |  | SOLE |  | 0 | 0 | 31433 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 | BBG001S6PX49 | 3382054 | 6015 | SH |  | SOLE |  | 0 | 0 | 6015 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 | BBG001S6T1Z1 | 613749 | 2417 | SH |  | SOLE |  | 0 | 0 | 2417 |
| RMR GROUP INC | CL A | 74967R106 | BBG00B6V7CK4 | 371637 | 23626 | SH |  | SOLE |  | 0 | 0 | 23626 |
| RYERSON HLDG CORP | COM | 783754104 | BBG001T6NHM5 | 881916 | 38579 | SH |  | SOLE |  | 0 | 0 | 38579 |
| SCHNEIDER NATIONAL INC | CL B | 80689H102 | BBG001SF1R75 | 594821 | 27985 | SH |  | SOLE |  | 0 | 0 | 27985 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 | BBG0051QPC87 | 35215737 | 973887 | SH |  | SOLE |  | 0 | 0 | 973887 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 | BBG0051K49J8 | 32740145 | 762108 | SH |  | SOLE |  | 0 | 0 | 762108 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 | BBG001SCYWS2 | 1388027 | 18031 | SH |  | SOLE |  | 0 | 0 | 18031 |
| SMITH  WESSON BRANDS INC | COM | 831754106 | BBG001S6MNG1 | 352673 | 35409 | SH |  | SOLE |  | 0 | 0 | 35409 |
| SOCIEDAD QUIMICA Y MINERA DE | SPON ADR SER B | 833635105 | BBG001S7G2C6 | 2686250 | 62500 | SH |  | SOLE |  | 0 | 0 | 62500 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 | BBG001STKCW9 | 3184882 | 34713 | SH |  | SOLE |  | 0 | 0 | 34713 |
| STANDARD MTR PRODS INC | COM | 853666105 | BBG001S5W5Z0 | 901795 | 22092 | SH |  | SOLE |  | 0 | 0 | 22092 |
| STEEL DYNAMICS INC | COM | 858119100 | BBG001S98JK5 | 1713023 | 12242 | SH |  | SOLE |  | 0 | 0 | 12242 |
| STEWART INFORMATION SVCS COR | COM | 860372101 | BBG001S7KRL6 | 941502 | 12841 | SH |  | SOLE |  | 0 | 0 | 12841 |
| STURM RUGER  CO INC | COM | 864159108 | BBG001S6LMJ1 | 450566 | 10365 | SH |  | SOLE |  | 0 | 0 | 10365 |
| SYNCHRONY FINANCIAL | COM | 87165B103 | BBG00658F3Q2 | 7521495 | 105862 | SH |  | SOLE |  | 0 | 0 | 105862 |
| TAYLOR MORRISON HOME CORP | COM | 87724P106 | BBG003PGJJF2 | 731324 | 11079 | SH |  | SOLE |  | 0 | 0 | 11079 |
| TEEKAY TANKERS LTD | CL A | G8726X106 | BBG001SSHNW1 | 667867 | 13212 | SH |  | SOLE |  | 0 | 0 | 13212 |
| TEGNA INC | COM | 87901J105 | BBG001S5RHD4 | 677511 | 33122 | SH |  | SOLE |  | 0 | 0 | 33122 |
| THE CIGNA GROUP | COM | 125523100 | BBG00KXRCDQ9 | 3606873 | 12513 | SH |  | SOLE |  | 0 | 0 | 12513 |
| THOR INDS INC | COM | 885160101 | BBG001S5WPH6 | 587611 | 5667 | SH |  | SOLE |  | 0 | 0 | 5667 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG001S5R103 | 4329306 | 15505 | SH |  | SOLE |  | 0 | 0 | 15505 |
| TRI POINTE HOMES INC | COM | 87265H109 | BBG001TCN6V6 | 555410 | 16350 | SH |  | SOLE |  | 0 | 0 | 16350 |
| TYSON FOODS INC | CL A | 902494103 | BBG001S871D5 | 1448127 | 26669 | SH |  | SOLE |  | 0 | 0 | 26669 |
| UNIVERSAL INS HLDGS INC | COM | 91359V107 | BBG001S5QC19 | 1012944 | 38515 | SH |  | SOLE |  | 0 | 0 | 38515 |
| USANA HEALTH SCIENCES INC | COM | 90328M107 | BBG001S79BP0 | 495900 | 18000 | SH |  | SOLE |  | 0 | 0 | 18000 |
| VAALCO ENERGY INC | COM NEW | 91851C201 | BBG001S76ZS7 | 556199 | 138358 | SH |  | SOLE |  | 0 | 0 | 138358 |
| VALERO ENERGY CORP | COM | 91913Y100 | BBG001S5X8K9 | 2661334 | 15631 | SH |  | SOLE |  | 0 | 0 | 15631 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 | BBG001ST39Q2 | 1091813 | 13836 | SH |  | SOLE |  | 0 | 0 | 13836 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | BBG001SMD2X3 | 2564581 | 28053 | SH |  | SOLE |  | 0 | 0 | 28053 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 1323307 | 4032 | SH |  | SOLE |  | 0 | 0 | 4032 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 74951841 | 400453 | SH |  | SOLE |  | 0 | 0 | 400453 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 | BBG01S6YYQV7 | 3446152 | 45575 | SH |  | SOLE |  | 0 | 0 | 45575 |
| VANGUARD INTL EQUITY INDEX F | GLB EX US ETF | 922042676 | BBG001TCVT65 | 1236246 | 25895 | SH |  | SOLE |  | 0 | 0 | 25895 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 | BBG001T2YZG9 | 1188203 | 8623 | SH |  | SOLE |  | 0 | 0 | 8623 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 | BBG003H12XS7 | 1008468 | 19918 | SH |  | SOLE |  | 0 | 0 | 19918 |
| VANGUARD MUN BD FDS | INTERMEDIATE TRM | 922907738 | BBG01L82CC36 | 218029932 | 2173128 | SH |  | SOLE |  | 0 | 0 | 2173128 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 | BBG009THVRX1 | 16523016 | 329998 | SH |  | SOLE |  | 0 | 0 | 329998 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 | BBG001T62MF5 | 5518782 | 117521 | SH |  | SOLE |  | 0 | 0 | 117521 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 | BBG001T62M74 | 11648381 | 197933 | SH |  | SOLE |  | 0 | 0 | 197933 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 19912734 | 249127 | SH |  | SOLE |  | 0 | 0 | 249127 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 | BBG001TJR1D8 | 427633 | 5821 | SH |  | SOLE |  | 0 | 0 | 5821 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 16731533 | 118705 | SH |  | SOLE |  | 0 | 0 | 118705 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 | BBG00C868SD7 | 12983828 | 153328 | SH |  | SOLE |  | 0 | 0 | 153328 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 2915687 | 66341 | SH |  | SOLE |  | 0 | 0 | 66341 |
| VISHAY INTERTECHNOLOGY INC | COM | 928298108 | BBG001S5XB04 | 440778 | 28809 | SH |  | SOLE |  | 0 | 0 | 28809 |
| WARRIOR MET COAL INC | COM | 93627C101 | BBG00GD1JNK4 | 970637 | 15252 | SH |  | SOLE |  | 0 | 0 | 15252 |
| WESTLAKE CORPORATION | COM | 960413102 | BBG001SHVYF4 | 399171 | 5180 | SH |  | SOLE |  | 0 | 0 | 5180 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 | BBG001S5XL11 | 1746456 | 70450 | SH |  | SOLE |  | 0 | 0 | 70450 |
| WISDOMTREE TR | EMG MKTS SMCAP | 97717W281 | BBG001SRPT24 | 25234451 | 441934 | SH |  | SOLE |  | 0 | 0 | 441934 |

---