# EDGAR Filing Document

**Accession Number:** 0001698461
**File Stem:** 0001172661-26-000678
**Filing Date:** 2026-2
**Character Count:** 30450
**Document Hash:** 9dd95cc7153246b12c39e69236de463d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-000678.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001172661-26-000678

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**EFFECTIVENESS DATE**: 20260212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Counterpoint Mutual Funds LLC
- **CENTRAL INDEX KEY:** 0001698461

**ORGANIZATION NAME:**
- **EIN:** 465751641
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21298
- **FILM NUMBER:** 26625626

**BUSINESS ADDRESS:**
- **STREET 1:** 12770 HIGH BLUFF DRIVE
- **STREET 2:** SUITE #380
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92130
- **BUSINESS PHONE:** 8583149300

**MAIL ADDRESS:**
- **STREET 1:** 12770 HIGH BLUFF DRIVE
- **STREET 2:** SUITE #380
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92130

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2025

**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:** Counterpoint Mutual Funds LLC<br>**Address:** 12770 High Bluff Drive<br>Suite #380<br>San Diego, CA 92130

**Form 13F File Number:** 028-21298

**CRD Number (if applicable):** 000172379

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:** Michael Krause<br>**Title:** Chief Investment Officer<br>**Phone:** 8587714000

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

Michael Krause  San Diego, CA  02-12-2026<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:** 279

**Form 13F Information Table Value Total:** $698002102

      (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 |
| 10X GENOMICS INC | CL A COM | 88025U109 |  | 685506 | 78523 | SH |  | SOLE |  | 78523 | 0 | 0 |
| A10 NETWORKS INC | COM | 002121101 |  | 721460 | 44153 | SH |  | SOLE |  | 44153 | 0 | 0 |
| ABERCROMBIE  FITCH CO | CL A | 002896207 |  | 407816 | 5340 | SH |  | SOLE |  | 5340 | 0 | 0 |
| ACADIA HEALTHCARE COMPANY IN | COM | 00404A109 |  | 813364 | 26826 | SH |  | SOLE |  | 26826 | 0 | 0 |
| ACCEL ENTERTAINMENT INC | COM CL A1 | 00436Q106 |  | 336417 | 33913 | SH |  | SOLE |  | 33913 | 0 | 0 |
| ACI WORLDWIDE INC | COM | 004498101 |  | 805276 | 14719 | SH |  | SOLE |  | 14719 | 0 | 0 |
| ADIENT PLC | ORD SHS | G0084W101 |  | 731850 | 56909 | SH |  | SOLE |  | 56909 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 344026 | 897 | SH |  | SOLE |  | 897 | 0 | 0 |
| ADTRAN HOLDINGS INC | COM | 00486H105 |  | 2020284 | 231684 | SH |  | SOLE |  | 231684 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 346131 | 3369 | SH |  | SOLE |  | 3369 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 742953 | 8012 | SH |  | SOLE |  | 8012 | 0 | 0 |
| AGILON HEALTH INC | COM | 00857U107 |  | 800665 | 184911 | SH |  | SOLE |  | 184911 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 327559 | 2742 | SH |  | SOLE |  | 2742 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 677161 | 22202 | SH |  | SOLE |  | 22202 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 323121 | 2034 | SH |  | SOLE |  | 2034 | 0 | 0 |
| ALIGNMENT HEALTHCARE INC | COM | 01625V104 |  | 1338983 | 71911 | SH |  | SOLE |  | 71911 | 0 | 0 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 370817 | 3876 | SH |  | SOLE |  | 3876 | 0 | 0 |
| AMBARELLA INC | SHS | G037AX101 |  | 732251 | 14549 | SH |  | SOLE |  | 14549 | 0 | 0 |
| AMERESCO INC | CL A | 02361E108 |  | 381027 | 31542 | SH |  | SOLE |  | 31542 | 0 | 0 |
| AMN HEALTHCARE SVCS INC | COM | 001744101 |  | 2157739 | 88215 | SH |  | SOLE |  | 88215 | 0 | 0 |
| ANDERSONS INC | COM | 034164103 |  | 322447 | 7511 | SH |  | SOLE |  | 7511 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 2141055 | 52944 | SH |  | SOLE |  | 52944 | 0 | 0 |
| APOGEE ENTERPRISES INC | COM | 037598109 |  | 410576 | 8862 | SH |  | SOLE |  | 8862 | 0 | 0 |
| ARCBEST CORP | COM | 03937C105 |  | 320221 | 4537 | SH |  | SOLE |  | 4537 | 0 | 0 |
| ARCHROCK INC | COM | 03957W106 |  | 2098019 | 79955 | SH |  | SOLE |  | 79955 | 0 | 0 |
| ARIS WATER SOLUTIONS INC | CLASS A COM | 04041L106 |  | 799943 | 24967 | SH |  | SOLE |  | 24967 | 0 | 0 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 778926 | 5529 | SH |  | SOLE |  | 5529 | 0 | 0 |
| ASSURED GUARANTY LTD | COM | G0585R106 |  | 426845 | 4845 | SH |  | SOLE |  | 4845 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 1308402 | 46266 | SH |  | SOLE |  | 46266 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 709842 | 3345 | SH |  | SOLE |  | 3345 | 0 | 0 |
| ATMUS FILTRATION TECHNOLOGIE | COM | 04956D107 |  | 410605 | 11179 | SH |  | SOLE |  | 11179 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 377777 | 1443 | SH |  | SOLE |  | 1443 | 0 | 0 |
| AVEPOINT INC | COM CL A | 053604104 |  | 394920 | 27349 | SH |  | SOLE |  | 27349 | 0 | 0 |
| AXALTA COATING SYS LTD | COM | G0750C108 |  | 402750 | 12142 | SH |  | SOLE |  | 12142 | 0 | 0 |
| AXOGEN INC | COM | 05463X106 |  | 801087 | 43302 | SH |  | SOLE |  | 43302 | 0 | 0 |
| BADGER METER INC | COM | 056525108 |  | 413984 | 2176 | SH |  | SOLE |  | 2176 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 1342321 | 30542 | SH |  | SOLE |  | 30542 | 0 | 0 |
| BALCHEM CORP | COM | 057665200 |  | 777710 | 4685 | SH |  | SOLE |  | 4685 | 0 | 0 |
| BELDEN INC | COM | 077454106 |  | 742752 | 7409 | SH |  | SOLE |  | 7409 | 0 | 0 |
| BELLRING BRANDS INC | COMMON STOCK | 07831C103 |  | 2142438 | 28773 | SH |  | SOLE |  | 28773 | 0 | 0 |
| BILL HOLDINGS INC | COM | 090043100 |  | 359319 | 7830 | SH |  | SOLE |  | 7830 | 0 | 0 |
| BLOCK H  R INC | COM | 093671105 |  | 376518 | 6857 | SH |  | SOLE |  | 6857 | 0 | 0 |
| BLOOMIN BRANDS INC | COM | 094235108 |  | 368509 | 51396 | SH |  | SOLE |  | 51396 | 0 | 0 |
| BRADY CORP | CL A | 104674106 |  | 414939 | 5874 | SH |  | SOLE |  | 5874 | 0 | 0 |
| BRINKER INTL INC | COM | 109641100 |  | 2088340 | 14011 | SH |  | SOLE |  | 14011 | 0 | 0 |
| BRINKS CO | COM | 109696104 |  | 420461 | 4880 | SH |  | SOLE |  | 4880 | 0 | 0 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 371511 | 12471 | SH |  | SOLE |  | 12471 | 0 | 0 |
| BUMBLE INC | COM CL A | 12047B105 |  | 330252 | 76095 | SH |  | SOLE |  | 76095 | 0 | 0 |
| BUTTERFLY NETWORK INC | COM CL A | 124155102 |  | 346895 | 152147 | SH |  | SOLE |  | 152147 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 763946 | 7744 | SH |  | SOLE |  | 7744 | 0 | 0 |
| C3 AI INC | CL A | 12468P104 |  | 363134 | 17251 | SH |  | SOLE |  | 17251 | 0 | 0 |
| CAPRI HOLDINGS LIMITED | SHS | G1890L107 |  | 710615 | 36017 | SH |  | SOLE |  | 36017 | 0 | 0 |
| CARGURUS INC | COM CL A | 141788109 |  | 391857 | 13452 | SH |  | SOLE |  | 13452 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 409797 | 1960 | SH |  | SOLE |  | 1960 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 755902 | 2292 | SH |  | SOLE |  | 2292 | 0 | 0 |
| CELLEBRITE DI LTD | ORDINARY SHARES | M2197Q107 |  | 2141400 | 110211 | SH |  | SOLE |  | 110211 | 0 | 0 |
| CEVA INC | COM | 157210105 |  | 371780 | 14517 | SH |  | SOLE |  | 14517 | 0 | 0 |
| CHEWY INC | CL A | 16679L109 |  | 1325758 | 40780 | SH |  | SOLE |  | 40780 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 339721 | 6766 | SH |  | SOLE |  | 6766 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 387534 | 5459 | SH |  | SOLE |  | 5459 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 353612 | 8631 | SH |  | SOLE |  | 8631 | 0 | 0 |
| CLOVER HEALTH INVESTMENTS CO | COM CL A | 18914F103 |  | 398684 | 111054 | SH |  | SOLE |  | 111054 | 0 | 0 |
| CNO FINL GROUP INC | COM | 12621E103 |  | 417666 | 10028 | SH |  | SOLE |  | 10028 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 723626 | 11143 | SH |  | SOLE |  | 11143 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 321381 | 1866 | SH |  | SOLE |  | 1866 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 346934 | 9402 | SH |  | SOLE |  | 9402 | 0 | 0 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 356439 | 7747 | SH |  | SOLE |  | 7747 | 0 | 0 |
| COMMSCOPE HLDG CO INC | COM | 20337X109 |  | 1673229 | 315109 | SH |  | SOLE |  | 315109 | 0 | 0 |
| COMPASS INC | CL A | 20464U100 |  | 1996874 | 228737 | SH |  | SOLE |  | 228737 | 0 | 0 |
| COMSTOCK RES INC | COM | 205768302 |  | 1777024 | 87366 | SH |  | SOLE |  | 87366 | 0 | 0 |
| CORECIVIC INC | COM | 21871N101 |  | 422499 | 20823 | SH |  | SOLE |  | 20823 | 0 | 0 |
| COTY INC | COM CL A | 222070203 |  | 356513 | 65176 | SH |  | SOLE |  | 65176 | 0 | 0 |
| COURSERA INC | COM | 22266M104 |  | 732913 | 110047 | SH |  | SOLE |  | 110047 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 1930612 | 48073 | SH |  | SOLE |  | 48073 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 365495 | 1152 | SH |  | SOLE |  | 1152 | 0 | 0 |
| CUSTOMERS BANCORP INC | COM | 23204G100 |  | 737589 | 14693 | SH |  | SOLE |  | 14693 | 0 | 0 |
| DANA INC | COM | 235825205 |  | 714168 | 53576 | SH |  | SOLE |  | 53576 | 0 | 0 |
| DENTSPLY SIRONA INC | COM | 24906P109 |  | 322062 | 21557 | SH |  | SOLE |  | 21557 | 0 | 0 |
| DIGITALOCEAN HLDGS INC | COM | 25402D102 |  | 374435 | 11214 | SH |  | SOLE |  | 11214 | 0 | 0 |
| DLOCAL LTD | CLASS A COM | G29018101 |  | 346319 | 41525 | SH |  | SOLE |  | 41525 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 1592292 | 8712 | SH |  | SOLE |  | 8712 | 0 | 0 |
| DOUBLEVERIFY HLDGS INC | COM | 25862V105 |  | 756074 | 56550 | SH |  | SOLE |  | 56550 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 1989501 | 34284 | SH |  | SOLE |  | 34284 | 0 | 0 |
| DUTCH BROS INC | CL A | 26701L100 |  | 368773 | 5973 | SH |  | SOLE |  | 5973 | 0 | 0 |
| DXC TECHNOLOGY CO | COM | 23355L106 |  | 804249 | 47170 | SH |  | SOLE |  | 47170 | 0 | 0 |
| DXP ENTERPRISES INC | COM NEW | 233377407 |  | 383661 | 4664 | SH |  | SOLE |  | 4664 | 0 | 0 |
| ELASTIC N V | ORD SHS | N14506104 |  | 335283 | 3763 | SH |  | SOLE |  | 3763 | 0 | 0 |
| ELBIT SYS LTD | ORD | M3760D101 |  | 1306814 | 3406 | SH |  | SOLE |  | 3406 | 0 | 0 |
| ENACT HLDGS INC | COM | 29249E109 |  | 780589 | 22463 | SH |  | SOLE |  | 22463 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 1312026 | 70577 | SH |  | SOLE |  | 70577 | 0 | 0 |
| ENERPAC TOOL GROUP CORP | CL A COM | 292765104 |  | 831032 | 18525 | SH |  | SOLE |  | 18525 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 345619 | 5570 | SH |  | SOLE |  | 5570 | 0 | 0 |
| EVERQUOTE INC | COM CL A | 30041R108 |  | 2014666 | 76925 | SH |  | SOLE |  | 76925 | 0 | 0 |
| EVOLENT HEALTH INC | CL A | 30050B101 |  | 786171 | 83017 | SH |  | SOLE |  | 83017 | 0 | 0 |
| EXCELERATE ENERGY INC | CL A COM | 30069T101 |  | 764637 | 26661 | SH |  | SOLE |  | 26661 | 0 | 0 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 |  | 1758809 | 37255 | SH |  | SOLE |  | 37255 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 1350980 | 12136 | SH |  | SOLE |  | 12136 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 402600 | 2395 | SH |  | SOLE |  | 2395 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 387205 | 3220 | SH |  | SOLE |  | 3220 | 0 | 0 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 362348 | 797 | SH |  | SOLE |  | 797 | 0 | 0 |
| FERROGLOBE PLC | SHS | G33856108 |  | 357050 | 96240 | SH |  | SOLE |  | 96240 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 |  | 368781 | 4922 | SH |  | SOLE |  | 4922 | 0 | 0 |
| FIVE9 INC | COM | 338307101 |  | 371602 | 13687 | SH |  | SOLE |  | 13687 | 0 | 0 |
| FLUENCE ENERGY INC | COM CL A | 34379V103 |  | 730842 | 150689 | SH |  | SOLE |  | 150689 | 0 | 0 |
| FLYWIRE CORPORATION | COM VTG | 302492103 |  | 745142 | 78436 | SH |  | SOLE |  | 78436 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 358087 | 3720 | SH |  | SOLE |  | 3720 | 0 | 0 |
| FOX FACTORY HLDG CORP | COM | 35138V102 |  | 733343 | 31420 | SH |  | SOLE |  | 31420 | 0 | 0 |
| FRANKLIN ELEC INC | COM | 353514102 |  | 357777 | 3811 | SH |  | SOLE |  | 3811 | 0 | 0 |
| FRONTIER GROUP HLDGS INC | COM | 35909R108 |  | 611050 | 140795 | SH |  | SOLE |  | 140795 | 0 | 0 |
| FUBOTV INC | COM | 35953D104 |  | 719984 | 246570 | SH |  | SOLE |  | 246570 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 356346 | 7577 | SH |  | SOLE |  | 7577 | 0 | 0 |
| GENIUS SPORTS LIMITED | SHARES CL A | G3934V109 |  | 372322 | 37195 | SH |  | SOLE |  | 37195 | 0 | 0 |
| GENPACT LIMITED | SHS | G3922B107 |  | 1337438 | 26547 | SH |  | SOLE |  | 26547 | 0 | 0 |
| GENWORTH FINL INC | COM SHS | 37247D106 |  | 1306900 | 184330 | SH |  | SOLE |  | 184330 | 0 | 0 |
| GLOBAL SHIP LEASE INC NEW | COM CL A | Y27183600 |  | 755215 | 33051 | SH |  | SOLE |  | 33051 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 1312500 | 7286 | SH |  | SOLE |  | 7286 | 0 | 0 |
| GOODRX HLDGS INC | COM CL A | 38246G108 |  | 334155 | 75772 | SH |  | SOLE |  | 75772 | 0 | 0 |
| GRAND CANYON ED INC | COM | 38526M106 |  | 421650 | 2437 | SH |  | SOLE |  | 2437 | 0 | 0 |
| GRANITE CONSTR INC | COM | 387328107 |  | 406557 | 5392 | SH |  | SOLE |  | 5392 | 0 | 0 |
| GRID DYNAMICS HLDGS INC | CL A | 39813G109 |  | 397087 | 25373 | SH |  | SOLE |  | 25373 | 0 | 0 |
| GRIFFON CORP | COM | 398433102 |  | 764192 | 10688 | SH |  | SOLE |  | 10688 | 0 | 0 |
| GROCERY OUTLET HLDG CORP | COM | 39874R101 |  | 846167 | 60527 | SH |  | SOLE |  | 60527 | 0 | 0 |
| GROUPON INC | COM NEW | 399473206 |  | 438730 | 23374 | SH |  | SOLE |  | 23374 | 0 | 0 |
| GUESS INC | COM | 401617105 |  | 300141 | 27113 | SH |  | SOLE |  | 27113 | 0 | 0 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 |  | 387246 | 2103 | SH |  | SOLE |  | 2103 | 0 | 0 |
| HCI GROUP INC | COM | 40416E103 |  | 455748 | 3054 | SH |  | SOLE |  | 3054 | 0 | 0 |
| HELEN OF TROY LTD | COM | G4388N106 |  | 352553 | 6591 | SH |  | SOLE |  | 6591 | 0 | 0 |
| HERBALIFE LTD | COM SHS | G4412G101 |  | 445179 | 51585 | SH |  | SOLE |  | 51585 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 |  | 869633 | 220719 | SH |  | SOLE |  | 220719 | 0 | 0 |
| HOULIHAN LOKEY INC | CL A | 441593100 |  | 408757 | 2531 | SH |  | SOLE |  | 2531 | 0 | 0 |
| HURON CONSULTING GROUP INC | COM | 447462102 |  | 422173 | 2943 | SH |  | SOLE |  | 2943 | 0 | 0 |
| ICAHN ENTERPRISES LP | DEPOSITARY UNIT | 451100101 |  | 332973 | 36752 | SH |  | SOLE |  | 36752 | 0 | 0 |
| INTAPP INC | COM | 45827U109 |  | 394474 | 6757 | SH |  | SOLE |  | 6757 | 0 | 0 |
| INTERDIGITAL INC | COM | 45867G101 |  | 1283918 | 6210 | SH |  | SOLE |  | 6210 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 102200702 | 4937232 | SH |  | SOLE |  | 4937232 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 327389 | 1857 | SH |  | SOLE |  | 1857 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 35466025 | 449563 | SH |  | SOLE |  | 449563 | 0 | 0 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 193023763 | 5243786 | SH |  | SOLE |  | 5243786 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 786748 | 7510 | SH |  | SOLE |  | 7510 | 0 | 0 |
| JACKSON FINANCIAL INC | COM CL A | 46817M107 |  | 790716 | 9438 | SH |  | SOLE |  | 9438 | 0 | 0 |
| JELD-WEN HLDG INC | COM | 47580P103 |  | 415184 | 69545 | SH |  | SOLE |  | 69545 | 0 | 0 |
| KBR INC | COM | 48242W106 |  | 326704 | 6559 | SH |  | SOLE |  | 6559 | 0 | 0 |
| KLAVIYO INC | COM SER A | 49845K101 |  | 376192 | 12432 | SH |  | SOLE |  | 12432 | 0 | 0 |
| KORNIT DIGITAL LTD | SHS | M6372Q113 |  | 366336 | 19200 | SH |  | SOLE |  | 19200 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 334686 | 5071 | SH |  | SOLE |  | 5071 | 0 | 0 |
| LEGGETT  PLATT INC | COM | 524660107 |  | 2017042 | 254999 | SH |  | SOLE |  | 254999 | 0 | 0 |
| LENDINGTREE INC NEW | COM | 52603B107 |  | 387481 | 7708 | SH |  | SOLE |  | 7708 | 0 | 0 |
| LIGHT  WONDER INC | COM | 80874P109 |  | 284860 | 3289 | SH |  | SOLE |  | 3289 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 366214 | 1936 | SH |  | SOLE |  | 1936 | 0 | 0 |
| LINCOLN NATL CORP IND | COM | 534187109 |  | 410918 | 11443 | SH |  | SOLE |  | 11443 | 0 | 0 |
| LIQUIDITY SVCS INC | COM | 53635B107 |  | 402014 | 12964 | SH |  | SOLE |  | 12964 | 0 | 0 |
| LOUISIANA PAC CORP | COM | 546347105 |  | 407563 | 4431 | SH |  | SOLE |  | 4431 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 345880 | 1483 | SH |  | SOLE |  | 1483 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 700203 | 11232 | SH |  | SOLE |  | 11232 | 0 | 0 |
| M/I HOMES INC | COM | 55305B101 |  | 746280 | 6536 | SH |  | SOLE |  | 6536 | 0 | 0 |
| MACOM TECH SOLUTIONS HLDGS I | COM | 55405Y100 |  | 375923 | 3745 | SH |  | SOLE |  | 3745 | 0 | 0 |
| MAGNOLIA OIL  GAS CORP | CL A | 559663109 |  | 353135 | 13980 | SH |  | SOLE |  | 13980 | 0 | 0 |
| MARINEMAX INC | COM | 567908108 |  | 333723 | 15522 | SH |  | SOLE |  | 15522 | 0 | 0 |
| MARTEN TRANS LTD | COM | 573075108 |  | 338349 | 24661 | SH |  | SOLE |  | 24661 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 700112 | 11371 | SH |  | SOLE |  | 11371 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 771477 | 11094 | SH |  | SOLE |  | 11094 | 0 | 0 |
| MATSON INC | COM | 57686G105 |  | 408093 | 3184 | SH |  | SOLE |  | 3184 | 0 | 0 |
| MAXLINEAR INC | COM | 57776J100 |  | 679076 | 62530 | SH |  | SOLE |  | 62530 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 1350018 | 2006 | SH |  | SOLE |  | 2006 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 1548991 | 794 | SH |  | SOLE |  | 794 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 330795 | 4120 | SH |  | SOLE |  | 4120 | 0 | 0 |
| MGP INGREDIENTS INC NEW | COM | 55303J106 |  | 1704275 | 58008 | SH |  | SOLE |  | 58008 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 370333 | 1523 | SH |  | SOLE |  | 1523 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 721420 | 4113 | SH |  | SOLE |  | 4113 | 0 | 0 |
| MOOG INC | CL A | 615394202 |  | 335259 | 1934 | SH |  | SOLE |  | 1934 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 1294809 | 24193 | SH |  | SOLE |  | 24193 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 402933 | 5292 | SH |  | SOLE |  | 5292 | 0 | 0 |
| MUELLER WTR PRODS INC | COM SER A | 624758108 |  | 389867 | 15337 | SH |  | SOLE |  | 15337 | 0 | 0 |
| NAVIGATOR HLDGS LTD | SHS | Y62132108 |  | 360408 | 27078 | SH |  | SOLE |  | 27078 | 0 | 0 |
| NMI HLDGS INC | COM | 629209305 |  | 421533 | 11693 | SH |  | SOLE |  | 11693 | 0 | 0 |
| NOMAD FOODS LTD | USD ORD SHS | G6564A105 |  | 330651 | 16827 | SH |  | SOLE |  | 16827 | 0 | 0 |
| NORTHERN LTS FD TR III | CP HIGH YILD TRD | 66538R722 |  | 1903140 | 87300 | SH |  | SOLE |  | 87300 | 0 | 0 |
| NORTHERN LTS FD TR III | COUNTERPOINT QUA | 66538R540 |  | 40840380 | 1219316 | SH |  | SOLE |  | 1219316 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 737715 | 7728 | SH |  | SOLE |  | 7728 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 312282 | 2595 | SH |  | SOLE |  | 2595 | 0 | 0 |
| NUTANIX INC | CL A | 67059N108 |  | 2047108 | 29324 | SH |  | SOLE |  | 29324 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 382543 | 8710 | SH |  | SOLE |  | 8710 | 0 | 0 |
| OPTION CARE HEALTH INC | COM NEW | 68404L201 |  | 1305417 | 37351 | SH |  | SOLE |  | 37351 | 0 | 0 |
| ORION S.A. | COM | L72967109 |  | 332766 | 25736 | SH |  | SOLE |  | 25736 | 0 | 0 |
| ORLA MNG LTD NEW | COM | 68634K106 |  | 354748 | 37941 | SH |  | SOLE |  | 37941 | 0 | 0 |
| OSISKO GOLD ROYALTIES LTD | COM | 68827L101 |  | 363602 | 17216 | SH |  | SOLE |  | 17216 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 |  | 788804 | 18430 | SH |  | SOLE |  | 18430 | 0 | 0 |
| P10 INC | COM CL A | 69376K106 |  | 766194 | 65208 | SH |  | SOLE |  | 65208 | 0 | 0 |
| PAGAYA TECHNOLOGIES LTD | CL A NEW | M7S64L123 |  | 677553 | 64652 | SH |  | SOLE |  | 64652 | 0 | 0 |
| PALOMAR HLDGS INC | COM | 69753M105 |  | 440575 | 3214 | SH |  | SOLE |  | 3214 | 0 | 0 |
| PAYMENTUS HOLDINGS INC | COM CL A | 70439P108 |  | 401601 | 15387 | SH |  | SOLE |  | 15387 | 0 | 0 |
| PAYONEER GLOBAL INC | COM | 70451X104 |  | 394967 | 54031 | SH |  | SOLE |  | 54031 | 0 | 0 |
| PEDIATRIX MEDICAL GROUP INC | COM | 58502B106 |  | 420297 | 29006 | SH |  | SOLE |  | 29006 | 0 | 0 |
| PENNYMAC MTG INVT TR | COM | 70931T103 |  | 335295 | 22887 | SH |  | SOLE |  | 22887 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 413430 | 4726 | SH |  | SOLE |  | 4726 | 0 | 0 |
| PERIMETER SOLUTIONS INC | COMMON STOCK | 71385M107 |  | 849727 | 84382 | SH |  | SOLE |  | 84382 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 340641 | 24595 | SH |  | SOLE |  | 24595 | 0 | 0 |
| PGIM ETF TR | ACTV HY BD ETF | 69344A206 |  | 3482000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1366665 | 8610 | SH |  | SOLE |  | 8610 | 0 | 0 |
| PITNEY BOWES INC | COM | 724479100 |  | 1694169 | 187201 | SH |  | SOLE |  | 187201 | 0 | 0 |
| PLAYTIKA HLDG CORP | COM | 72815L107 |  | 543362 | 105099 | SH |  | SOLE |  | 105099 | 0 | 0 |
| PRIMORIS SVCS CORP | COM | 74164F103 |  | 368917 | 6426 | SH |  | SOLE |  | 6426 | 0 | 0 |
| PRIORITY TECHNOLOGY HLDGS IN | COM | 74275G107 |  | 357638 | 52478 | SH |  | SOLE |  | 52478 | 0 | 0 |
| PROG HOLDINGS INC | COM NPV | 74319R101 |  | 402963 | 15149 | SH |  | SOLE |  | 15149 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 335375 | 3003 | SH |  | SOLE |  | 3003 | 0 | 0 |
| PUBMATIC INC | COM CL A | 74467Q103 |  | 326426 | 35714 | SH |  | SOLE |  | 35714 | 0 | 0 |
| QXO INC | COM NEW | 82846H405 |  | 390114 | 28812 | SH |  | SOLE |  | 28812 | 0 | 0 |
| RELIANCE INC | COM | 759509102 |  | 354585 | 1228 | SH |  | SOLE |  | 1228 | 0 | 0 |
| RH | COM | 74967X103 |  | 379510 | 1619 | SH |  | SOLE |  | 1619 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 1674706 | 40238 | SH |  | SOLE |  | 40238 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 |  | 349242 | 4958 | SH |  | SOLE |  | 4958 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 421307 | 3642 | SH |  | SOLE |  | 3642 | 0 | 0 |
| RUMBLE INC | COM CL A | 78137L105 |  | 674471 | 95399 | SH |  | SOLE |  | 95399 | 0 | 0 |
| RUSH STREET INTERACTIVE INC | COM | 782011100 |  | 397701 | 37099 | SH |  | SOLE |  | 37099 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 368881 | 726 | SH |  | SOLE |  | 726 | 0 | 0 |
| SEMRUSH HLDGS INC | CL A COM | 81686C104 |  | 742752 | 79609 | SH |  | SOLE |  | 79609 | 0 | 0 |
| SHOALS TECHNOLOGIES GROUP IN | CL A | 82489W107 |  | 2082772 | 627341 | SH |  | SOLE |  | 627341 | 0 | 0 |
| SITIO ROYALTIES CORP | CLASS A COM | 82983N108 |  | 348758 | 17552 | SH |  | SOLE |  | 17552 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 393255 | 24305 | SH |  | SOLE |  | 24305 | 0 | 0 |
| SONIC AUTOMOTIVE INC | CL A | 83545G102 |  | 747999 | 13132 | SH |  | SOLE |  | 13132 | 0 | 0 |
| SPDR SER TR | BLOOMBERG HIGH Y | 78468R622 |  | 35212492 | 369491 | SH |  | SOLE |  | 369491 | 0 | 0 |
| SPORTRADAR GROUP AG | CLASS A ORD SHS | H8088L103 |  | 1282390 | 59315 | SH |  | SOLE |  | 59315 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 1262319 | 2295 | SH |  | SOLE |  | 2295 | 0 | 0 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 2193437 | 14370 | SH |  | SOLE |  | 14370 | 0 | 0 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 46494257 | 1130422 | SH |  | SOLE |  | 1130422 | 0 | 0 |
| STAGWELL INC | COM CL A | 85256A109 |  | 358390 | 59238 | SH |  | SOLE |  | 59238 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 330661 | 4301 | SH |  | SOLE |  | 4301 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 798636 | 6385 | SH |  | SOLE |  | 6385 | 0 | 0 |
| STEELCASE INC | CL A | 858155203 |  | 788309 | 71926 | SH |  | SOLE |  | 71926 | 0 | 0 |
| STITCH FIX INC | COM CL A | 860897107 |  | 334948 | 103061 | SH |  | SOLE |  | 103061 | 0 | 0 |
| SUNCOKE ENERGY INC | COM | 86722A103 |  | 361137 | 39254 | SH |  | SOLE |  | 39254 | 0 | 0 |
| SUNOCO LP/SUNOCO FIN CORP | COM UT REP LP | 86765K109 |  | 370771 | 6386 | SH |  | SOLE |  | 6386 | 0 | 0 |
| SUPER GROUP SGHC LIMITED | ORD SHS | G8588X103 |  | 385531 | 59865 | SH |  | SOLE |  | 59865 | 0 | 0 |
| SYLVAMO CORP | COMMON STOCK | 871332102 |  | 804706 | 11998 | SH |  | SOLE |  | 11998 | 0 | 0 |
| TANDEM DIABETES CARE INC | COM NEW | 875372203 |  | 363331 | 18963 | SH |  | SOLE |  | 18963 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 1761129 | 8785 | SH |  | SOLE |  | 8785 | 0 | 0 |
| TAYLOR MORRISON HOME CORP | COM | 87724P106 |  | 414936 | 6911 | SH |  | SOLE |  | 6911 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 446987 | 14105 | SH |  | SOLE |  | 14105 | 0 | 0 |
| TELADOC HEALTH INC | COM | 87918A105 |  | 1973292 | 247901 | SH |  | SOLE |  | 247901 | 0 | 0 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 808883 | 6014 | SH |  | SOLE |  | 6014 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 326931 | 3958 | SH |  | SOLE |  | 3958 | 0 | 0 |
| TEXTRON INC | COM | 883203101 |  | 319345 | 4420 | SH |  | SOLE |  | 4420 | 0 | 0 |
| THE REALREAL INC | COM | 88339P101 |  | 696210 | 129167 | SH |  | SOLE |  | 129167 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 771990 | 14108 | SH |  | SOLE |  | 14108 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 1299678 | 4873 | SH |  | SOLE |  | 4873 | 0 | 0 |
| TOAST INC | CL A | 888787108 |  | 720618 | 21725 | SH |  | SOLE |  | 21725 | 0 | 0 |
| TOPGOLF CALLAWAY BRANDS CORP | COM | 131193104 |  | 795268 | 120678 | SH |  | SOLE |  | 120678 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 397566 | 1180 | SH |  | SOLE |  | 1180 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 345823 | 250 | SH |  | SOLE |  | 250 | 0 | 0 |
| TRANSUNION | COM | 89400J107 |  | 334367 | 4029 | SH |  | SOLE |  | 4029 | 0 | 0 |
| TRAVEL PLUS LEISURE CO | COM | 894164102 |  | 745500 | 16105 | SH |  | SOLE |  | 16105 | 0 | 0 |
| TREACE MED CONCEPTS INC | COM | 89455T109 |  | 370108 | 44113 | SH |  | SOLE |  | 44113 | 0 | 0 |
| TTM TECHNOLOGIES INC | COM | 87305R109 |  | 728413 | 35515 | SH |  | SOLE |  | 35515 | 0 | 0 |
| TUTOR PERINI CORP | COM | 901109108 |  | 389540 | 16805 | SH |  | SOLE |  | 16805 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 1284677 | 13121 | SH |  | SOLE |  | 13121 | 0 | 0 |
| UFP INDUSTRIES INC | COM | 90278Q108 |  | 330325 | 3086 | SH |  | SOLE |  | 3086 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 341038 | 4939 | SH |  | SOLE |  | 4939 | 0 | 0 |
| UNITED NAT FOODS INC | COM | 911163103 |  | 2156716 | 78741 | SH |  | SOLE |  | 78741 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 342178 | 546 | SH |  | SOLE |  | 546 | 0 | 0 |
| UNIVERSAL TECHNICAL INST INC | COM | 913915104 |  | 390875 | 15221 | SH |  | SOLE |  | 15221 | 0 | 0 |
| UNUM GROUP | COM | 91529Y106 |  | 1325517 | 16272 | SH |  | SOLE |  | 16272 | 0 | 0 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 716089 | 15557 | SH |  | SOLE |  | 15557 | 0 | 0 |
| USANA HEALTH SCIENCES INC | COM | 90328M107 |  | 421298 | 15621 | SH |  | SOLE |  | 15621 | 0 | 0 |
| VANECK ETF TRUST | HIGH YLD MUNIETF | 92189H409 |  | 48621000 | 950000 | SH |  | SOLE |  | 950000 | 0 | 0 |
| VAREX IMAGING CORP | COM | 92214X106 |  | 720058 | 62074 | SH |  | SOLE |  | 62074 | 0 | 0 |
| VERMILION ENERGY INC | COM | 923725105 |  | 373831 | 46152 | SH |  | SOLE |  | 46152 | 0 | 0 |
| VICTORY CAP HLDGS INC | COM CL A | 92645B103 |  | 392648 | 6785 | SH |  | SOLE |  | 6785 | 0 | 0 |
| VIRTU FINL INC | CL A | 928254101 |  | 1340947 | 35177 | SH |  | SOLE |  | 35177 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 694423 | 5913 | SH |  | SOLE |  | 5913 | 0 | 0 |
| VITAL ENERGY INC | COM | 516806205 |  | 355584 | 16757 | SH |  | SOLE |  | 16757 | 0 | 0 |
| WARBY PARKER INC | CL A COM | 93403J106 |  | 386968 | 21227 | SH |  | SOLE |  | 21227 | 0 | 0 |
| WAYFAIR INC | CL A | 94419L101 |  | 330261 | 10311 | SH |  | SOLE |  | 10311 | 0 | 0 |
| WEST FRASER TIMBER CO LTD | COM | 952845105 |  | 378314 | 4917 | SH |  | SOLE |  | 4917 | 0 | 0 |
| WILLDAN GROUP INC | COM | 96924N100 |  | 403698 | 9914 | SH |  | SOLE |  | 9914 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 1341492 | 22448 | SH |  | SOLE |  | 22448 | 0 | 0 |
| XEROX HOLDINGS CORP | COM NEW | 98421M106 |  | 1937724 | 401185 | SH |  | SOLE |  | 401185 | 0 | 0 |
| XPLR INFRASTRUCTURE LP | COM UNIT PART IN | 65341B106 |  | 2148454 | 226153 | SH |  | SOLE |  | 226153 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 388520 | 1375 | SH |  | SOLE |  | 1375 | 0 | 0 |
| ZIM INTEGRATED SHIPPING SERV | SHS | M9T951109 |  | 692806 | 47485 | SH |  | SOLE |  | 47485 | 0 | 0 |

---