# EDGAR Filing Document

**Accession Number:** 0001456133
**File Stem:** 0001580642-25-006974
**Filing Date:** 2025-11
**Character Count:** 27334
**Document Hash:** 3f5bdd53243d0f2625317fb9c507b7e0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-25-006974.hdr.sgml**: 20251104

**ACCESSION NUMBER**: 0001580642-25-006974

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251104

**DATE AS OF CHANGE**: 20251104

**EFFECTIVENESS DATE**: 20251104

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Convergence Investment Partners, LLC
- **CENTRAL INDEX KEY:** 0001456133

**ORGANIZATION NAME:**
- **EIN:** 263620998
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13404
- **FILM NUMBER:** 251447730

**BUSINESS ADDRESS:**
- **STREET 1:** 3801 PGA BLVD.
- **STREET 2:** SUITE 1001
- **CITY:** PALM BEACH GARDENS
- **STATE:** FL
- **ZIP:** 33410
- **BUSINESS PHONE:** 5614948001

**MAIL ADDRESS:**
- **STREET 1:** 3801 PGA BLVD.
- **STREET 2:** SUITE 1001
- **CITY:** PALM BEACH GARDENS
- **STATE:** FL
- **ZIP:** 33410

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Mariner Quantitative Solutions, LLC
- **DATE OF NAME CHANGE:** 20090212

### 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:** Convergence Investment Partners LLC<br>**Address:** 3801 PGA Blvd.<br>SUITE 1001<br>Palm Beach Gardens, FL 33410

**Form 13F File Number:** 028-13404

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:** John C Callen<br>**Title:** Chief Compliance Officer<br>**Phone:** 561-494-8001

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

/s/ John C Callen  Milwaukee, WI  11-03-2025<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:** 250

**Form 13F Information Table Value Total:** $445557048

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 315545 | 2356 | SH |  | SOLE |  | 2356 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 6398542 | 27635 | SH |  | SOLE |  | 27635 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 214922 | 872 | SH |  | SOLE |  | 872 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 3349361 | 9495 | SH |  | SOLE |  | 9495 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 |  | 2417537 | 277559 | SH |  | SOLE |  | 277559 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 285904 | 1767 | SH |  | SOLE |  | 1767 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 1131365 | 85970 | SH |  | SOLE |  | 85910 | 0 | 60 |
| AIRBNB INC | COM CL A | 009066101 |  | 485316 | 3997 | SH |  | SOLE |  | 3997 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 667338 | 20290 | SH |  | SOLE |  | 20290 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 1299266 | 7326 | SH |  | SOLE |  | 7326 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 595992 | 1307 | SH |  | SOLE |  | 1307 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 8798541 | 36193 | SH |  | SOLE |  | 36193 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 5716346 | 23471 | SH |  | SOLE |  | 23471 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 5468132 | 82775 | SH |  | SOLE |  | 82775 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 7537399 | 34328 | SH |  | SOLE |  | 34328 | 0 | 0 |
| AMERICAN EAGLE OUTFITTERS IN | COM | 02553E106 |  | 4164694 | 243407 | SH |  | SOLE |  | 243407 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 1276916 | 11350 | SH |  | SOLE |  | 11350 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 373361 | 1124 | SH |  | SOLE |  | 1124 | 0 | 0 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 684427 | 16292 | SH |  | SOLE |  | 16280 | 0 | 12 |
| AMGEN INC | COM | 031162100 |  | 267386 | 948 | SH |  | SOLE |  | 948 | 0 | 0 |
| AMNEAL PHARMACEUTICALS INC | COM STK CL A | 03168L105 |  | 970139 | 96917 | SH |  | SOLE |  | 96917 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 2388336 | 19300 | SH |  | SOLE |  | 19300 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 2879373 | 11719 | SH |  | SOLE |  | 11719 | 0 | 0 |
| APA CORPORATION | COM | 03743Q108 |  | 1471562 | 60608 | SH |  | SOLE |  | 60608 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 9644511 | 37877 | SH |  | SOLE |  | 37877 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 252546 | 1233 | SH |  | SOLE |  | 1233 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 5118879 | 7124 | SH |  | SOLE |  | 7124 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 961975 | 10603 | SH |  | SOLE |  | 10603 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 1466318 | 24545 | SH |  | SOLE |  | 24545 | 0 | 0 |
| ARGAN INC | COM | 04010E109 |  | 1195241 | 4426 | SH |  | SOLE |  | 4426 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 2804189 | 19245 | SH |  | SOLE |  | 19245 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 5833856 | 206581 | SH |  | SOLE |  | 206581 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 867747 | 2957 | SH |  | SOLE |  | 2957 | 0 | 0 |
| AVISTA CORP | COM | 05379B107 |  | 1215842 | 32157 | SH |  | SOLE |  | 32157 | 0 | 0 |
| AZZ INC | COM | 002474104 |  | 999849 | 9162 | SH |  | SOLE |  | 9154 | 0 | 8 |
| BANK AMERICA CORP | COM | 060505104 |  | 4430392 | 85877 | SH |  | SOLE |  | 85877 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 6479355 | 59465 | SH |  | SOLE |  | 59465 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 1052069 | 13731 | SH |  | SOLE |  | 13731 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1378010 | 2741 | SH |  | SOLE |  | 2741 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 1342387 | 9583 | SH |  | SOLE |  | 9583 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 |  | 1493352 | 24247 | SH |  | SOLE |  | 24247 | 0 | 0 |
| BLOCK H  R INC | COM | 093671105 |  | 958777 | 18959 | SH |  | SOLE |  | 18947 | 0 | 12 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 1434645 | 16964 | SH |  | SOLE |  | 16939 | 0 | 25 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 1144678 | 212 | SH |  | SOLE |  | 212 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 1656017 | 37671 | SH |  | SOLE |  | 37671 | 0 | 0 |
| BREAD FINANCIAL HOLDINGS INC | COM | 018581108 |  | 1797802 | 32236 | SH |  | SOLE |  | 32236 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 4571320 | 101360 | SH |  | SOLE |  | 101360 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 9353300 | 28351 | SH |  | SOLE |  | 28351 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 1327358 | 10025 | SH |  | SOLE |  | 10025 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 1661424 | 17654 | SH |  | SOLE |  | 17648 | 0 | 6 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 283315 | 1333 | SH |  | SOLE |  | 1333 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 4632909 | 29516 | SH |  | SOLE |  | 29516 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 951977 | 32929 | SH |  | SOLE |  | 32929 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 453820 | 1203 | SH |  | SOLE |  | 1203 | 0 | 0 |
| CATALYST PHARMACEUTICALS INC | COM | 14888U101 |  | 713652 | 36226 | SH |  | SOLE |  | 36195 | 0 | 31 |
| CATERPILLAR INC | COM | 149123101 |  | 2556401 | 5358 | SH |  | SOLE |  | 5358 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 1638113 | 5241 | SH |  | SOLE |  | 5241 | 0 | 0 |
| CENTURY ALUM CO | COM | 156431108 |  | 941810 | 32078 | SH |  | SOLE |  | 32078 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 2145894 | 23923 | SH |  | SOLE |  | 23923 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 1245394 | 5300 | SH |  | SOLE |  | 5300 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3061406 | 19714 | SH |  | SOLE |  | 19714 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 1270766 | 4502 | SH |  | SOLE |  | 4502 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 1725607 | 11846 | SH |  | SOLE |  | 11846 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 710744 | 3463 | SH |  | SOLE |  | 3463 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 2093750 | 30601 | SH |  | SOLE |  | 30601 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1986421 | 19571 | SH |  | SOLE |  | 19571 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 329366 | 4966 | SH |  | SOLE |  | 4966 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 241508 | 2242 | SH |  | SOLE |  | 2242 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1162750 | 14545 | SH |  | SOLE |  | 14545 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1778655 | 56609 | SH |  | SOLE |  | 56609 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 265124 | 2803 | SH |  | SOLE |  | 2803 | 0 | 0 |
| CORECIVIC INC | COM | 21871N101 |  | 731949 | 35968 | SH |  | SOLE |  | 35944 | 0 | 24 |
| CORNING INC | COM | 219350105 |  | 1622320 | 19777 | SH |  | SOLE |  | 19777 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 571704 | 618 | SH |  | SOLE |  | 618 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 2529100 | 17369 | SH |  | SOLE |  | 17360 | 0 | 9 |
| CUSHMAN WAKEFIELD PLC | SHS | G2717B108 |  | 619256 | 38898 | SH |  | SOLE |  | 38898 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 540419 | 7168 | SH |  | SOLE |  | 7168 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 249573 | 2462 | SH |  | SOLE |  | 2462 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 218953 | 479 | SH |  | SOLE |  | 479 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 1057650 | 18637 | SH |  | SOLE |  | 18637 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 912586 | 5279 | SH |  | SOLE |  | 5279 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 299916 | 2619 | SH |  | SOLE |  | 2619 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 317910 | 4346 | SH |  | SOLE |  | 4339 | 0 | 7 |
| DROPBOX INC | CL A | 26210C104 |  | 1900269 | 62902 | SH |  | SOLE |  | 62902 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 1031020 | 13235 | SH |  | SOLE |  | 13235 | 0 | 0 |
| DXC TECHNOLOGY CO | COM | 23355L106 |  | 693017 | 50845 | SH |  | SOLE |  | 50771 | 0 | 74 |
| EBAY INC. | COM | 278642103 |  | 2373277 | 26094 | SH |  | SOLE |  | 26094 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 1493500 | 27017 | SH |  | SOLE |  | 27017 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 1791746 | 8883 | SH |  | SOLE |  | 8883 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 205017 | 634 | SH |  | SOLE |  | 634 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 638686 | 837 | SH |  | SOLE |  | 837 | 0 | 0 |
| ENTERPRISE FINL SVCS CORP | COM | 293712105 |  | 999517 | 17239 | SH |  | SOLE |  | 17239 | 0 | 0 |
| ENVISTA HOLDINGS CORPORATION | COM | 29415F104 |  | 585312 | 28734 | SH |  | SOLE |  | 28734 | 0 | 0 |
| EPR PPTYS | COM SH BEN INT | 26884U109 |  | 2213947 | 38165 | SH |  | SOLE |  | 38156 | 0 | 9 |
| EVERUS CONSTR GROUP | COM | 300426103 |  | 1311375 | 15293 | SH |  | SOLE |  | 15280 | 0 | 13 |
| EXELON CORP | COM | 30161N101 |  | 1174467 | 26093 | SH |  | SOLE |  | 26093 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 1000997 | 4683 | SH |  | SOLE |  | 4683 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3488840 | 30943 | SH |  | SOLE |  | 30943 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 2563220 | 7931 | SH |  | SOLE |  | 7929 | 0 | 2 |
| FEDERATED HERMES INC | CL B | 314211103 |  | 1897263 | 36535 | SH |  | SOLE |  | 36535 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 1897772 | 42599 | SH |  | SOLE |  | 42599 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 2662678 | 45932 | SH |  | SOLE |  | 45932 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 213127 | 17820 | SH |  | SOLE |  | 17820 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 |  | 3256421 | 56841 | SH |  | SOLE |  | 56841 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 931227 | 23744 | SH |  | SOLE |  | 23744 | 0 | 0 |
| FRONTDOOR INC | COM | 35905A109 |  | 1004034 | 14921 | SH |  | SOLE |  | 14921 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 1764773 | 7167 | SH |  | SOLE |  | 7167 | 0 | 0 |
| GARRETT MOTION INC | COM | 366505105 |  | 1573001 | 115492 | SH |  | SOLE |  | 115454 | 0 | 38 |
| GE AEROSPACE | COM NEW | 369604301 |  | 269786 | 897 | SH |  | SOLE |  | 897 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 1209175 | 42592 | SH |  | SOLE |  | 42575 | 0 | 17 |
| GENERAC HLDGS INC | COM | 368736104 |  | 1174646 | 7017 | SH |  | SOLE |  | 7017 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1404013 | 4117 | SH |  | SOLE |  | 4117 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 1976166 | 32412 | SH |  | SOLE |  | 32412 | 0 | 0 |
| GENPACT LIMITED | SHS | G3922B107 |  | 680503 | 16245 | SH |  | SOLE |  | 16245 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 4714004 | 42469 | SH |  | SOLE |  | 42469 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 1023795 | 12323 | SH |  | SOLE |  | 12323 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 1440273 | 10526 | SH |  | SOLE |  | 10526 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 422719 | 531 | SH |  | SOLE |  | 531 | 0 | 0 |
| GRANITE CONSTR INC | COM | 387328107 |  | 758449 | 6917 | SH |  | SOLE |  | 6917 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 1473034 | 20085 | SH |  | SOLE |  | 20067 | 0 | 18 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 259445 | 609 | SH |  | SOLE |  | 609 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 4748000 | 193322 | SH |  | SOLE |  | 193322 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 1407684 | 26895 | SH |  | SOLE |  | 26895 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 1839633 | 4540 | SH |  | SOLE |  | 4540 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 1430329 | 7289 | SH |  | SOLE |  | 7289 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 1325096 | 5093 | SH |  | SOLE |  | 5093 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 1270623 | 73574 | SH |  | SOLE |  | 73574 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 1252430 | 4803 | SH |  | SOLE |  | 4803 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 1227031 | 14468 | SH |  | SOLE |  | 14468 | 0 | 0 |
| INSTALLED BLDG PRODS INC | COM | 45780R101 |  | 512806 | 2079 | SH |  | SOLE |  | 2079 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 213882 | 6375 | SH |  | SOLE |  | 6375 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 2467527 | 35860 | SH |  | SOLE |  | 35860 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 8382956 | 29710 | SH |  | SOLE |  | 29710 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 205715 | 301 | SH |  | SOLE |  | 301 | 0 | 0 |
| INVESCO LTD | SHS | G491BT108 |  | 3020831 | 131684 | SH |  | SOLE |  | 131684 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 1381636 | 6362 | SH |  | SOLE |  | 6357 | 0 | 5 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2312649 | 12472 | SH |  | SOLE |  | 12472 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 1356546 | 12338 | SH |  | SOLE |  | 12338 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 5012136 | 15890 | SH |  | SOLE |  | 15890 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1567754 | 12609 | SH |  | SOLE |  | 12609 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 2974985 | 2758 | SH |  | SOLE |  | 2758 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 265682 | 3941 | SH |  | SOLE |  | 3941 | 0 | 0 |
| KYNDRYL HLDGS INC | COMMON STOCK | 50155Q100 |  | 2370328 | 78932 | SH |  | SOLE |  | 78907 | 0 | 25 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 4983067 | 37215 | SH |  | SOLE |  | 37215 | 0 | 0 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 374850 | 3062 | SH |  | SOLE |  | 3062 | 0 | 0 |
| LEAR CORP | COM NEW | 521865204 |  | 976955 | 9710 | SH |  | SOLE |  | 9710 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 285400 | 601 | SH |  | SOLE |  | 601 | 0 | 0 |
| LITHIA MTRS INC | COM | 536797103 |  | 2408552 | 7622 | SH |  | SOLE |  | 7622 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1807632 | 3621 | SH |  | SOLE |  | 3621 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 327227 | 1302 | SH |  | SOLE |  | 1302 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 1576740 | 8181 | SH |  | SOLE |  | 8181 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 527982 | 2481 | SH |  | SOLE |  | 2481 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1526123 | 2683 | SH |  | SOLE |  | 2683 | 0 | 0 |
| MAXIMUS INC | COM | 577933104 |  | 593722 | 6498 | SH |  | SOLE |  | 6498 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 260916 | 859 | SH |  | SOLE |  | 859 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 1895092 | 2453 | SH |  | SOLE |  | 2453 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2441878 | 25639 | SH |  | SOLE |  | 25639 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1893298 | 22558 | SH |  | SOLE |  | 22558 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 8007972 | 10904 | SH |  | SOLE |  | 10904 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 2416839 | 29341 | SH |  | SOLE |  | 29341 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 251282 | 1502 | SH |  | SOLE |  | 1502 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 8518806 | 16447 | SH |  | SOLE |  | 16447 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 2060438 | 12962 | SH |  | SOLE |  | 12962 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 2128858 | 61386 | SH |  | SOLE |  | 61386 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 244001 | 3638 | SH |  | SOLE |  | 3638 | 0 | 0 |
| MSC INDL DIRECT INC | CL A | 553530106 |  | 1190080 | 12916 | SH |  | SOLE |  | 12916 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 512527 | 5069 | SH |  | SOLE |  | 5069 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 1989858 | 16798 | SH |  | SOLE |  | 16798 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 546708 | 456 | SH |  | SOLE |  | 456 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 1642347 | 19480 | SH |  | SOLE |  | 19480 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 2663421 | 16446 | SH |  | SOLE |  | 16440 | 0 | 6 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 14620605 | 78361 | SH |  | SOLE |  | 78361 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 699015 | 87 | SH |  | SOLE |  | 87 | 0 | 0 |
| OLD REP INTL CORP | COM | 680223104 |  | 1366288 | 32171 | SH |  | SOLE |  | 32171 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 615963 | 2190 | SH |  | SOLE |  | 2190 | 0 | 0 |
| OSHKOSH CORP | COM | 688239201 |  | 1162112 | 8960 | SH |  | SOLE |  | 8960 | 0 | 0 |
| OUTFRONT MEDIA INC | COM NEW | 69007J304 |  | 1429686 | 78040 | SH |  | SOLE |  | 78012 | 0 | 28 |
| OVINTIV INC | COM | 69047Q102 |  | 852987 | 21124 | SH |  | SOLE |  | 21112 | 0 | 12 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 3151488 | 17276 | SH |  | SOLE |  | 17276 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 206268 | 272 | SH |  | SOLE |  | 272 | 0 | 0 |
| PEGASYSTEMS INC | COM | 705573103 |  | 2711183 | 47151 | SH |  | SOLE |  | 47132 | 0 | 19 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 263979 | 29331 | SH |  | SOLE |  | 29331 | 0 | 0 |
| PENSKE AUTOMOTIVE GRP INC | COM | 70959W103 |  | 1156902 | 6652 | SH |  | SOLE |  | 6652 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 343286 | 2444 | SH |  | SOLE |  | 2444 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 300082 | 11777 | SH |  | SOLE |  | 11777 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 2402811 | 14814 | SH |  | SOLE |  | 14814 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 3582570 | 26339 | SH |  | SOLE |  | 26339 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 1260121 | 30946 | SH |  | SOLE |  | 30946 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 1325669 | 6598 | SH |  | SOLE |  | 6598 | 0 | 0 |
| POLARIS INC | COM | 731068102 |  | 979374 | 16848 | SH |  | SOLE |  | 16848 | 0 | 0 |
| PRIMORIS SVCS CORP | COM | 74164F103 |  | 1458307 | 10619 | SH |  | SOLE |  | 10609 | 0 | 10 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 510852 | 3325 | SH |  | SOLE |  | 3325 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 249914 | 1012 | SH |  | SOLE |  | 1012 | 0 | 0 |
| PTC THERAPEUTICS INC | COM | 69366J200 |  | 1713941 | 27928 | SH |  | SOLE |  | 27909 | 0 | 19 |
| QUALCOMM INC | COM | 747525103 |  | 3419633 | 20556 | SH |  | SOLE |  | 20556 | 0 | 0 |
| RAYONIER INC | COM | 754907103 |  | 450782 | 16985 | SH |  | SOLE |  | 16985 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 408462 | 1776 | SH |  | SOLE |  | 1776 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 674167 | 1199 | SH |  | SOLE |  | 1199 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 1537279 | 5616 | SH |  | SOLE |  | 5616 | 0 | 0 |
| REV GROUP INC | COM | 749527107 |  | 1146774 | 20236 | SH |  | SOLE |  | 20214 | 0 | 22 |
| RINGCENTRAL INC | CL A | 76680R206 |  | 590436 | 20834 | SH |  | SOLE |  | 20805 | 0 | 29 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 1442682 | 10076 | SH |  | SOLE |  | 10076 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 |  | 2491935 | 24887 | SH |  | SOLE |  | 24887 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 1077162 | 6437 | SH |  | SOLE |  | 6437 | 0 | 0 |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 |  | 850394 | 45622 | SH |  | SOLE |  | 45622 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 289435 | 1221 | SH |  | SOLE |  | 1221 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1997062 | 20918 | SH |  | SOLE |  | 20918 | 0 | 0 |
| SEI INVTS CO | COM | 784117103 |  | 2075770 | 24464 | SH |  | SOLE |  | 24456 | 0 | 8 |
| SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 |  | 356030 | 11654 | SH |  | SOLE |  | 11654 | 0 | 0 |
| SIGNET JEWELERS LIMITED | SHS | G81276100 |  | 1446665 | 15082 | SH |  | SOLE |  | 15082 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 1683526 | 8971 | SH |  | SOLE |  | 8971 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 3032557 | 81961 | SH |  | SOLE |  | 81961 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 1667859 | 13743 | SH |  | SOLE |  | 13743 | 0 | 0 |
| STAG INDL INC | COM | 85254J102 |  | 1039524 | 29457 | SH |  | SOLE |  | 29457 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 1917135 | 16526 | SH |  | SOLE |  | 16526 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 124017 | 13278 | SH |  | SOLE |  | 13278 | 0 | 0 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 1398123 | 4116 | SH |  | SOLE |  | 4114 | 0 | 2 |
| STRIDE INC | COM | 86333M108 |  | 254092 | 1706 | SH |  | SOLE |  | 1706 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 3707836 | 52186 | SH |  | SOLE |  | 52186 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 710569 | 6276 | SH |  | SOLE |  | 6267 | 0 | 9 |
| TESLA INC | COM | 88160R101 |  | 1766428 | 3972 | SH |  | SOLE |  | 3972 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 1491581 | 5175 | SH |  | SOLE |  | 5175 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 227661 | 469 | SH |  | SOLE |  | 469 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 256971 | 1778 | SH |  | SOLE |  | 1778 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 302656 | 1264 | SH |  | SOLE |  | 1264 | 0 | 0 |
| TOAST INC | CL A | 888787108 |  | 974817 | 26700 | SH |  | SOLE |  | 26700 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 1447009 | 5182 | SH |  | SOLE |  | 5182 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 730832 | 15985 | SH |  | SOLE |  | 15985 | 0 | 0 |
| TRUSTMARK CORP | COM | 898402102 |  | 547549 | 13827 | SH |  | SOLE |  | 13803 | 0 | 24 |
| TUTOR PERINI CORP | COM | 901109108 |  | 1314948 | 20048 | SH |  | SOLE |  | 20048 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 791108 | 8075 | SH |  | SOLE |  | 8075 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 1111649 | 33423 | SH |  | SOLE |  | 33400 | 0 | 23 |
| UNION PAC CORP | COM | 907818108 |  | 1101106 | 4658 | SH |  | SOLE |  | 4658 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 1508971 | 15637 | SH |  | SOLE |  | 15637 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 820819 | 2377 | SH |  | SOLE |  | 2377 | 0 | 0 |
| UNUM GROUP | COM | 91529Y106 |  | 1124766 | 14461 | SH |  | SOLE |  | 14453 | 0 | 8 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1713688 | 35458 | SH |  | SOLE |  | 35458 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 4186909 | 24591 | SH |  | SOLE |  | 24591 | 0 | 0 |
| VALMONT INDS INC | COM | 920253101 |  | 361364 | 932 | SH |  | SOLE |  | 930 | 0 | 2 |
| VERISIGN INC | COM | 92343E102 |  | 3025517 | 10822 | SH |  | SOLE |  | 10822 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1581383 | 35981 | SH |  | SOLE |  | 35981 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 1989067 | 60996 | SH |  | SOLE |  | 60996 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 689817 | 2021 | SH |  | SOLE |  | 2021 | 0 | 0 |
| VISTEON CORP | COM NEW | 92839U206 |  | 453790 | 3786 | SH |  | SOLE |  | 3786 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 589345 | 3008 | SH |  | SOLE |  | 3008 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 4179708 | 40556 | SH |  | SOLE |  | 40556 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 3707775 | 44235 | SH |  | SOLE |  | 44235 | 0 | 0 |
| WESCO INTL INC | COM | 95082P105 |  | 805392 | 3808 | SH |  | SOLE |  | 3808 | 0 | 0 |
| ZIONS BANCORPORATION N A | COM | 989701107 |  | 1228465 | 21712 | SH |  | SOLE |  | 21712 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 1843050 | 22340 | SH |  | SOLE |  | 22340 | 0 | 0 |

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