# EDGAR Filing Document

**Accession Number:** 0001759395
**File Stem:** 0001420506-23-000326
**Filing Date:** 2023-2
**Character Count:** 42246
**Document Hash:** 49d551ba5a972e7dc296761d2b249c25
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-23-000326.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001420506-23-000326

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**EFFECTIVENESS DATE**: 20230210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MQS Management LLC
- **CENTRAL INDEX KEY:** 0001759395
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21859
- **FILM NUMBER:** 23608986

**BUSINESS ADDRESS:**
- **STREET 1:** 41 MADISON AVENUE
- **STREET 2:** 34TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 212-685-3600

**MAIL ADDRESS:**
- **STREET 1:** 41 MADISON AVENUE
- **STREET 2:** 34TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** MQS Management LLC<br>**Address:** 41 MADISON AVENUE<br>34TH FLOOR<br>NEW YORK, NY 10010

**Form 13F File Number:** 028-21859

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:** David Babcock<br>**Title:** President  Chief Compliance Officer<br>**Phone:** 212-685-3600

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

David Babcock President  Chief Compliance Officer  NEW YORK, NY  02-10-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 364

**Form 13F Information Table Value Total:** $146926813

      (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 |
| 3M CO | COM | 88579Y101 | BBG000BP52R2 | 799147 | 6664 | SH |  | SOLE |  | 6664 | 0 | 0 |
| AAR CORP | COM | 000361105 | BBG000BBGQF1 | 331407 | 7381 | SH |  | SOLE |  | 7381 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG000D9D830 | 837344 | 3138 | SH |  | SOLE |  | 3138 | 0 | 0 |
| ACCO BRANDS CORP | COM | 00081T108 | BBG000J06K07 | 56470 | 10102 | SH |  | SOLE |  | 10102 | 0 | 0 |
| ACUITY BRANDS INC | COM | 00508Y102 | BBG000BJ5HK0 | 288493 | 1742 | SH |  | SOLE |  | 1742 | 0 | 0 |
| ACUSHNET HLDGS CORP | COM | 005098108 | BBG00D5L3SS4 | 225972 | 5322 | SH |  | SOLE |  | 5322 | 0 | 0 |
| AIR LEASE CORP | CL A | 00912X302 | BBG000R3NPZ4 | 309588 | 8058 | SH |  | SOLE |  | 8058 | 0 | 0 |
| AIR TRANSPORT SERVICES GRP I | COM | 00922R105 | BBG000BLW5F7 | 373982 | 14395 | SH |  | SOLE |  | 14395 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 | BBG001Y2XS07 | 233586 | 2732 | SH |  | SOLE |  | 2732 | 0 | 0 |
| ALARM COM HLDGS INC | COM | 011642105 | BBG007GNPYY7 | 321768 | 6503 | SH |  | SOLE |  | 6503 | 0 | 0 |
| ALBANY INTL CORP | CL A | 012348108 | BBG000BRWWH3 | 397219 | 4029 | SH |  | SOLE |  | 4029 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 | BBG000BJ26K7 | 325724 | 1502 | SH |  | SOLE |  | 1502 | 0 | 0 |
| ALKAMI TECHNOLOGY INC | COM | 01644J108 | BBG005HTCT54 | 170484 | 11685 | SH |  | SOLE |  | 11685 | 0 | 0 |
| ALLETE INC | COM NEW | 018522300 | BBG000CYW7N5 | 265265 | 4112 | SH |  | SOLE |  | 4112 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JX6 | 453149 | 5136 | SH |  | SOLE |  | 5136 | 0 | 0 |
| ALTAIR ENGR INC | COM CL A | 021369103 | BBG000PN9NB9 | 325656 | 7162 | SH |  | SOLE |  | 7162 | 0 | 0 |
| ALTICE USA INC | CL A | 02156K103 | BBG00GFMPRK0 | 51768 | 11254 | SH |  | SOLE |  | 11254 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG000BP6LJ8 | 554554 | 12132 | SH |  | SOLE |  | 12132 | 0 | 0 |
| AMBEV SA | SPONSORED ADR | 02319V103 | BBG000BN5VZ4 | 35833 | 13174 | SH |  | SOLE |  | 13174 | 0 | 0 |
| AMCOR PLC | ORD | G0250X107 | BBG00LNJRQ09 | 385705 | 32385 | SH |  | SOLE |  | 32385 | 0 | 0 |
| AMERICAN EAGLE OUTFITTERS IN | COM | 02553E106 | BBG000BGXZB5 | 206664 | 14804 | SH |  | SOLE |  | 14804 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG000BB9KF2 | 285040 | 3002 | SH |  | SOLE |  | 3002 | 0 | 0 |
| AMERICAN WELL CORP | CL A | 03044L105 | BBG002R1JYY1 | 40342 | 14255 | SH |  | SOLE |  | 14255 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 | BBG000TRJ294 | 344926 | 2263 | SH |  | SOLE |  | 2263 | 0 | 0 |
| AMERIS BANCORP | COM | 03076K108 | BBG000CDY3H5 | 463622 | 9835 | SH |  | SOLE |  | 9835 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG000BBS2Y0 | 880895 | 3354 | SH |  | SOLE |  | 3354 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 | BBG000B9YJ35 | 541508 | 7112 | SH |  | SOLE |  | 7112 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 | BBG00SSQFPK6 | 606883 | 2022 | SH |  | SOLE |  | 2022 | 0 | 0 |
| APARTMENT INCOME REIT CORP | COM | 03750L109 | BBG00XK3WVD0 | 958759 | 27944 | SH |  | SOLE |  | 27944 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG000B9XRY4 | 374718 | 2884 | SH |  | SOLE |  | 2884 | 0 | 0 |
| ARCBEST CORP | COM | 03937C105 | BBG000C1PFY5 | 267833 | 3824 | SH |  | SOLE |  | 3824 | 0 | 0 |
| ARCOSA INC | COM | 039653100 | BBG00JGMWFM9 | 222903 | 4102 | SH |  | SOLE |  | 4102 | 0 | 0 |
| ARISTA NETWORKS INC | COM | 040413106 | BBG000N2HDY5 | 265028 | 2184 | SH |  | SOLE |  | 2184 | 0 | 0 |
| ARKO CORP | COM | 041242108 | BBG00YD8K411 | 153559 | 17732 | SH |  | SOLE |  | 17732 | 0 | 0 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 | BBG000DW4LB1 | 436095 | 6358 | SH |  | SOLE |  | 6358 | 0 | 0 |
| ASGN INC | COM | 00191U102 | BBG000CRN8N8 | 334149 | 4101 | SH |  | SOLE |  | 4101 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG000K6MRN4 | 714145 | 1307 | SH |  | SOLE |  | 1307 | 0 | 0 |
| AUTOLIV INC | COM | 052800109 | BBG000BVLRY8 | 497770 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG000JG0547 | 529314 | 2216 | SH |  | SOLE |  | 2216 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 | BBG000C7LMS8 | 1020999 | 414 | SH |  | SOLE |  | 414 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 | BBG000BLPBL5 | 202062 | 1251 | SH |  | SOLE |  | 1251 | 0 | 0 |
| AVANGRID INC | COM | 05351W103 | BBG00B8NWRF5 | 468869 | 10909 | SH |  | SOLE |  | 10909 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 | BBG000BCQ4P6 | 271862 | 1502 | SH |  | SOLE |  | 1502 | 0 | 0 |
| AVIENT CORPORATION | COM | 05368V106 | BBG000C8NJ10 | 234598 | 6949 | SH |  | SOLE |  | 6949 | 0 | 0 |
| AVNET INC | COM | 053807103 | BBG000BCPB71 | 881745 | 21206 | SH |  | SOLE |  | 21206 | 0 | 0 |
| AXIS CAP HLDGS LTD | SHS | G0692U109 | BBG000FLF615 | 642131 | 11854 | SH |  | SOLE |  | 11854 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG000BCTLF6 | 250222 | 7555 | SH |  | SOLE |  | 7555 | 0 | 0 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 | BBG000QFJJW0 | 214641 | 5358 | SH |  | SOLE |  | 5358 | 0 | 0 |
| BANNER CORP | COM NEW | 06652V208 | BBG000MVZH28 | 296534 | 4692 | SH |  | SOLE |  | 4692 | 0 | 0 |
| BARINGS BDC INC | COM | 06759L103 | BBG000F54FK1 | 695008 | 85277 | SH |  | SOLE |  | 85277 | 0 | 0 |
| BEACON ROOFING SUPPLY INC | COM | 073685109 | BBG000BKTXF2 | 668797 | 12669 | SH |  | SOLE |  | 12669 | 0 | 0 |
| BENCHMARK ELECTRS INC | COM | 08160H101 | BBG000C4JX31 | 469264 | 17582 | SH |  | SOLE |  | 17582 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG000DWG505 | 774103 | 2506 | SH |  | SOLE |  | 2506 | 0 | 0 |
| BEYOND MEAT INC | COM | 08862E109 | BBG003CVJP50 | 207362 | 16845 | SH |  | SOLE |  | 16845 | 0 | 0 |
| BLOOMIN BRANDS INC | COM | 094235108 | BBG002VZ68Y2 | 204942 | 10186 | SH |  | SOLE |  | 10186 | 0 | 0 |
| BOK FINL CORP | COM NEW | 05561Q201 | BBG000CFZ003 | 310955 | 2996 | SH |  | SOLE |  | 2996 | 0 | 0 |
| BOSTON PROPERTIES INC | COM | 101121101 | BBG000BS5CM9 | 412846 | 6109 | SH |  | SOLE |  | 6109 | 0 | 0 |
| BOYD GAMING CORP | COM | 103304101 | BBG000BHX9P6 | 329743 | 6047 | SH |  | SOLE |  | 6047 | 0 | 0 |
| BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 | BBG000CL6RJ3 | 421134 | 68477 | SH |  | SOLE |  | 68477 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 | BBG00DYPZ4T0 | 223640 | 4362 | SH |  | SOLE |  | 4362 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG000DQLV23 | 741733 | 10309 | SH |  | SOLE |  | 10309 | 0 | 0 |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 | BBG001LFLZZ1 | 491100 | 21663 | SH |  | SOLE |  | 21663 | 0 | 0 |
| BROADSTONE NET LEASE INC | COM | 11135E203 | BBG000PWD2R3 | 235596 | 14534 | SH |  | SOLE |  | 14534 | 0 | 0 |
| BROWN FORMAN CORP | CL B | 115637209 | BBG000BD2NY8 | 376149 | 5727 | SH |  | SOLE |  | 5727 | 0 | 0 |
| BUNGE LIMITED | COM | G16962105 | BBG000DGPR66 | 406762 | 4077 | SH |  | SOLE |  | 4077 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 | BBG000BTCH57 | 469794 | 5131 | SH |  | SOLE |  | 5131 | 0 | 0 |
| CABOT CORP | COM | 127055101 | BBG000BF3WW4 | 358864 | 5369 | SH |  | SOLE |  | 5369 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 | BBG000C13CD9 | 473888 | 2950 | SH |  | SOLE |  | 2950 | 0 | 0 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 | BBG000BB0V03 | 519011 | 4639 | SH |  | SOLE |  | 4639 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 | BBG000HS74G6 | 280319 | 2358 | SH |  | SOLE |  | 2358 | 0 | 0 |
| CANADIAN PAC RY LTD | COM | 13645T100 | BBG000BCVMH9 | 1122580 | 15050 | SH |  | SOLE |  | 15050 | 0 | 0 |
| CANNAE HLDGS INC | COM | 13765N107 | BBG00GXRNJP4 | 233882 | 11326 | SH |  | SOLE |  | 11326 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 | BBG000D898T9 | 364518 | 4742 | SH |  | SOLE |  | 4742 | 0 | 0 |
| CARDIOVASCULAR SYS INC DEL | COM | 141619106 | BBG000NWQ9S5 | 204137 | 14988 | SH |  | SOLE |  | 14988 | 0 | 0 |
| CDW CORP | COM | 12514G108 | BBG001P63B80 | 1024692 | 5738 | SH |  | SOLE |  | 5738 | 0 | 0 |
| CELANESE CORP DEL | COM | 150870103 | BBG000JYP7L8 | 274208 | 2682 | SH |  | SOLE |  | 2682 | 0 | 0 |
| CERUS CORP | COM | 157085101 | BBG000HBVZX8 | 244660 | 67030 | SH |  | SOLE |  | 67030 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 | BBG000BFPK65 | 253108 | 2472 | SH |  | SOLE |  | 2472 | 0 | 0 |
| CLARIVATE PLC | ORD SHS | G21810109 | BBG00P1919G5 | 177183 | 21245 | SH |  | SOLE |  | 21245 | 0 | 0 |
| CLEAN HARBORS INC | COM | 184496107 | BBG000BFRRX8 | 228354 | 2001 | SH |  | SOLE |  | 2001 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 | BBG000BFS7D3 | 518239 | 3693 | SH |  | SOLE |  | 3693 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 | BBG000BHLYP4 | 255435 | 1519 | SH |  | SOLE |  | 1519 | 0 | 0 |
| COCA-COLA FEMSA SAB DE CV | SPONSORD ADR REP | 191241108 | BBG000BJ87V7 | 541139 | 7972 | SH |  | SOLE |  | 7972 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 | BBG000BLW102 | 516216 | 14707 | SH |  | SOLE |  | 14707 | 0 | 0 |
| COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 | BBG000BN6P22 | 377916 | 4106 | SH |  | SOLE |  | 4106 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 | BBG000BWN2Y9 | 201850 | 1754 | SH |  | SOLE |  | 1754 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG000BQQH30 | 515542 | 4369 | SH |  | SOLE |  | 4369 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 | BBG000BHLYS1 | 317478 | 3331 | SH |  | SOLE |  | 3331 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG000J1QLT0 | 517498 | 2233 | SH |  | SOLE |  | 2233 | 0 | 0 |
| CORPORATE OFFICE PPTYS TR | SH BEN INT | 22002T108 | BBG000BXL4N7 | 402200 | 15505 | SH |  | SOLE |  | 15505 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 | BBG00BN969C1 | 978687 | 16650 | SH |  | SOLE |  | 16650 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG000F6H8W8 | 518584 | 1136 | SH |  | SOLE |  | 1136 | 0 | 0 |
| CRACKER BARREL OLD CTRY STOR | COM | 22410J106 | BBG000BF33K1 | 263282 | 2779 | SH |  | SOLE |  | 2779 | 0 | 0 |
| CRESCENT PT ENERGY CORP | COM | 22576C101 | BBG000Q16PK4 | 230773 | 32276 | SH |  | SOLE |  | 32276 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 | BBG000FV1Z23 | 457514 | 3373 | SH |  | SOLE |  | 3373 | 0 | 0 |
| CUSHMAN WAKEFIELD PLC | SHS | G2717B108 | BBG00L7XVND4 | 180857 | 14515 | SH |  | SOLE |  | 14515 | 0 | 0 |
| CVB FINL CORP | COM | 126600105 | BBG000JTYFB2 | 353342 | 13722 | SH |  | SOLE |  | 13722 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 | BBG000BGRY34 | 651678 | 6993 | SH |  | SOLE |  | 6993 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 | BBG000BH3JF8 | 1167583 | 4399 | SH |  | SOLE |  | 4399 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG000BH1NH9 | 607982 | 1418 | SH |  | SOLE |  | 1418 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 | BBG000R7Z112 | 248849 | 7573 | SH |  | SOLE |  | 7573 | 0 | 0 |
| DENNYS CORP | COM | 24869P104 | BBG000BC09P3 | 131187 | 14244 | SH |  | SOLE |  | 14244 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 | BBG000BBVJZ8 | 234353 | 3810 | SH |  | SOLE |  | 3810 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 | BBG000BWZQL7 | 629723 | 3534 | SH |  | SOLE |  | 3534 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 | BBG002PHSYX9 | 672547 | 4917 | SH |  | SOLE |  | 4917 | 0 | 0 |
| DIAMONDROCK HOSPITALITY CO | COM | 252784301 | BBG000JKHFP5 | 382735 | 46732 | SH |  | SOLE |  | 46732 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 | BBG000Q5ZRM7 | 602522 | 6009 | SH |  | SOLE |  | 6009 | 0 | 0 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 | BBG000DGLTG5 | 565801 | 8021 | SH |  | SOLE |  | 8021 | 0 | 0 |
| DOUGLAS EMMETT INC | COM | 25960P109 | BBG000PN1SJ8 | 428738 | 27343 | SH |  | SOLE |  | 27343 | 0 | 0 |
| DOVER CORP | COM | 260003108 | BBG000BHB3M6 | 942589 | 6961 | SH |  | SOLE |  | 6961 | 0 | 0 |
| DR REDDYS LABS LTD | ADR | 256135203 | BBG000NJ96L6 | 468027 | 9044 | SH |  | SOLE |  | 9044 | 0 | 0 |
| DRIVEN BRANDS HLDGS INC | COM | 26210V102 | BBG00YN8NCD6 | 256741 | 9401 | SH |  | SOLE |  | 9401 | 0 | 0 |
| DUN  BRADSTREET HLDGS INC | COM | 26484T106 | BBG00VCZX9Z6 | 176777 | 14419 | SH |  | SOLE |  | 14419 | 0 | 0 |
| EASTGROUP PPTYS INC | COM | 277276101 | BBG000BHRBT4 | 521023 | 3519 | SH |  | SOLE |  | 3519 | 0 | 0 |
| ECOLAB INC | COM | 278865100 | BBG000BHKYH4 | 263464 | 1810 | SH |  | SOLE |  | 1810 | 0 | 0 |
| ECOVYST INC | COM | 27923Q109 | BBG00GX8YK99 | 91347 | 10310 | SH |  | SOLE |  | 10310 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 | BBG000BP0KQ8 | 624218 | 5109 | SH |  | SOLE |  | 5109 | 0 | 0 |
| ELEMENT SOLUTIONS INC | COM | 28618M106 | BBG005C4XHR3 | 607637 | 33405 | SH |  | SOLE |  | 33405 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 | BBG00J7CBVW8 | 468154 | 16312 | SH |  | SOLE |  | 16312 | 0 | 0 |
| EQUITRANS MIDSTREAM CORP | COM | 294600101 | BBG00K53L394 | 79609 | 11882 | SH |  | SOLE |  | 11882 | 0 | 0 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 | BBG000BG8M31 | 897567 | 15213 | SH |  | SOLE |  | 15213 | 0 | 0 |
| EVENTBRITE INC | COM CL A | 29975E109 | BBG001PM3R08 | 155061 | 26461 | SH |  | SOLE |  | 26461 | 0 | 0 |
| EVERI HLDGS INC | COM | 30034T103 | BBG000H1B407 | 254598 | 17742 | SH |  | SOLE |  | 17742 | 0 | 0 |
| EXELIXIS INC | COM | 30161Q104 | BBG000BQ4WF8 | 297718 | 18561 | SH |  | SOLE |  | 18561 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 | BBG000PV27K3 | 459790 | 3124 | SH |  | SOLE |  | 3124 | 0 | 0 |
| FACTSET RESH SYS INC | COM | 303075105 | BBG000BDJL83 | 348250 | 868 | SH |  | SOLE |  | 868 | 0 | 0 |
| FARMLAND PARTNERS INC | COM | 31154R109 | BBG005TNS0Q7 | 198214 | 15908 | SH |  | SOLE |  | 15908 | 0 | 0 |
| FASTLY INC | CL A | 31188V100 | BBG004NLQHL0 | 125905 | 15373 | SH |  | SOLE |  | 15373 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 | BBG000BJVN28 | 841562 | 8329 | SH |  | SOLE |  | 8329 | 0 | 0 |
| FIRST BANCORP P R | COM NEW | 318672706 | BBG000CYKKX8 | 195901 | 15401 | SH |  | SOLE |  | 15401 | 0 | 0 |
| FISERV INC | COM | 337738108 | BBG000BJKPG0 | 226498 | 2241 | SH |  | SOLE |  | 2241 | 0 | 0 |
| FLOOR  DECOR HLDGS INC | CL A | 339750101 | BBG007GJ2F81 | 367925 | 5284 | SH |  | SOLE |  | 5284 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 | BBG00BLVZ228 | 968440 | 15073 | SH |  | SOLE |  | 15073 | 0 | 0 |
| FRANKLIN ELEC INC | COM | 353514102 | BBG000BJGGV8 | 281278 | 3527 | SH |  | SOLE |  | 3527 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 | BBG000BJDB15 | 339036 | 8922 | SH |  | SOLE |  | 8922 | 0 | 0 |
| FS KKR CAP CORP | COM | 302635206 | BBG001YCZP63 | 587405 | 33566 | SH |  | SOLE |  | 33566 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 | BBG000BBHXQ3 | 598992 | 3177 | SH |  | SOLE |  | 3177 | 0 | 0 |
| GENCO SHIPPING  TRADING LTD | SHS | Y2685T131 | BBG006TBN8B5 | 267633 | 17424 | SH |  | SOLE |  | 17424 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 | BBG000BKCFC2 | 858876 | 10243 | SH |  | SOLE |  | 10243 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 | BBG000BKL348 | 268941 | 1550 | SH |  | SOLE |  | 1550 | 0 | 0 |
| GEOPARK LTD | USD SHS | G38327105 | BBG000H2SMB5 | 262279 | 16976 | SH |  | SOLE |  | 16976 | 0 | 0 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 | BBG000BH2CW5 | 534437 | 19505 | SH |  | SOLE |  | 19505 | 0 | 0 |
| GLAUKOS CORP | COM | 377322102 | BBG000WG2LQ1 | 205733 | 4710 | SH |  | SOLE |  | 4710 | 0 | 0 |
| GLOBAL NET LEASE INC | COM NEW | 379378201 | BBG004HXD0G8 | 197450 | 15708 | SH |  | SOLE |  | 15708 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 | BBG000CX0P89 | 283161 | 2851 | SH |  | SOLE |  | 2851 | 0 | 0 |
| GRACO INC | COM | 384109104 | BBG000BK9W84 | 681949 | 10139 | SH |  | SOLE |  | 10139 | 0 | 0 |
| GRAPHIC PACKAGING HLDG CO | COM | 388689101 | BBG000GQ7K93 | 361095 | 16229 | SH |  | SOLE |  | 16229 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC | COM | 40171V100 | BBG001C7PM75 | 244547 | 3909 | SH |  | SOLE |  | 3909 | 0 | 0 |
| HANCOCK WHITNEY CORPORATION | COM | 410120109 | BBG000CBC7D8 | 274081 | 5664 | SH |  | SOLE |  | 5664 | 0 | 0 |
| HANESBRANDS INC | COM | 410345102 | BBG000D2ZTS8 | 208284 | 32749 | SH |  | SOLE |  | 32749 | 0 | 0 |
| HANOVER INS GROUP INC | COM | 410867105 | BBG000FJH8W0 | 737269 | 5456 | SH |  | SOLE |  | 5456 | 0 | 0 |
| HASBRO INC | COM | 418056107 | BBG000BKVJK4 | 306697 | 5027 | SH |  | SOLE |  | 5027 | 0 | 0 |
| HAWAIIAN HOLDINGS INC | COM | 419879101 | BBG000BC4185 | 301336 | 29370 | SH |  | SOLE |  | 29370 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 | BBG000QW7VC1 | 253878 | 1058 | SH |  | SOLE |  | 1058 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 | BBG000BMH2Q7 | 342869 | 1953 | SH |  | SOLE |  | 1953 | 0 | 0 |
| HERSHEY CO | COM | 427866108 | BBG000BLHRS2 | 218371 | 943 | SH |  | SOLE |  | 943 | 0 | 0 |
| HEXCEL CORP NEW | COM | 428291108 | BBG000BLMDQ9 | 331855 | 5639 | SH |  | SOLE |  | 5639 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | BBG0058KMH30 | 935696 | 7405 | SH |  | SOLE |  | 7405 | 0 | 0 |
| HOME BANCSHARES INC | COM | 436893200 | BBG000QJXDW9 | 556030 | 24398 | SH |  | SOLE |  | 24398 | 0 | 0 |
| HONDA MOTOR LTD | AMERN SHS | 438128308 | BBG000BL6B45 | 643280 | 28140 | SH |  | SOLE |  | 28140 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG000H556T9 | 840270 | 3921 | SH |  | SOLE |  | 3921 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 | BBG000BLF8D2 | 275623 | 6051 | SH |  | SOLE |  | 6051 | 0 | 0 |
| HOSTESS BRANDS INC | CL A | 44109J106 | BBG00B6KGNN1 | 326390 | 14545 | SH |  | SOLE |  | 14545 | 0 | 0 |
| HOULIHAN LOKEY INC | CL A | 441593100 | BBG000CZTB66 | 291986 | 3350 | SH |  | SOLE |  | 3350 | 0 | 0 |
| HUDBAY MINERALS INC | COM | 443628102 | BBG000PM99H6 | 244982 | 48320 | SH |  | SOLE |  | 48320 | 0 | 0 |
| HUMANA INC | COM | 444859102 | BBG000BLKK03 | 642286 | 1254 | SH |  | SOLE |  | 1254 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 | BBG000BKWSR6 | 224246 | 15904 | SH |  | SOLE |  | 15904 | 0 | 0 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 | BBG001KJ2HM9 | 422144 | 1830 | SH |  | SOLE |  | 1830 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 | BBG000CVRFS4 | 376272 | 4160 | SH |  | SOLE |  | 4160 | 0 | 0 |
| INDIE SEMICONDUCTOR INC | CLASS A COM | 45569U101 | BBG00Z3XTNX8 | 64725 | 11102 | SH |  | SOLE |  | 11102 | 0 | 0 |
| INSIGHT ENTERPRISES INC | COM | 45765U103 | BBG000DY3K39 | 335804 | 3349 | SH |  | SOLE |  | 3349 | 0 | 0 |
| INSULET CORP | COM | 45784P101 | BBG000R7XX87 | 247288 | 840 | SH |  | SOLE |  | 840 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG000C0G1D1 | 383605 | 14514 | SH |  | SOLE |  | 14514 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 | BBG000BM5SR2 | 288883 | 8342 | SH |  | SOLE |  | 8342 | 0 | 0 |
| INTUIT | COM | 461202103 | BBG000BH5DV1 | 229640 | 590 | SH |  | SOLE |  | 590 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 | BBG000JH6683 | 247280 | 6547 | SH |  | SOLE |  | 6547 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 | BBG00333FYS2 | 229477 | 1120 | SH |  | SOLE |  | 1120 | 0 | 0 |
| JABIL INC | COM | 466313103 | BBG000BJNGN9 | 624644 | 9159 | SH |  | SOLE |  | 9159 | 0 | 0 |
| JFROG LTD | ORD SHS | M6191J100 | BBG006PWZX16 | 268353 | 12581 | SH |  | SOLE |  | 12581 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 | BBG000C2L2L0 | 214193 | 1344 | SH |  | SOLE |  | 1344 | 0 | 0 |
| KADANT INC | COM | 48282T104 | BBG000BKRSZ3 | 218130 | 1228 | SH |  | SOLE |  | 1228 | 0 | 0 |
| KAR AUCTION SVCS INC | COM | 48238T109 | BBG000VZHLL9 | 283433 | 21719 | SH |  | SOLE |  | 21719 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 | BBG000TJM7F0 | 898703 | 25202 | SH |  | SOLE |  | 25202 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 | BBG0059FN811 | 710112 | 4151 | SH |  | SOLE |  | 4151 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG000BMW2Z0 | 319556 | 2354 | SH |  | SOLE |  | 2354 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 | BBG000CN3S73 | 728571 | 34399 | SH |  | SOLE |  | 34399 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 | BBG000BB2DM7 | 447888 | 109508 | SH |  | SOLE |  | 109508 | 0 | 0 |
| KIRBY CORP | COM | 497266106 | BBG000BMQCP6 | 219434 | 3410 | SH |  | SOLE |  | 3410 | 0 | 0 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 | BBG000BFC848 | 272322 | 5196 | SH |  | SOLE |  | 5196 | 0 | 0 |
| KRISPY KREME INC | COM | 50101L106 | BBG0118Y86T0 | 127875 | 12391 | SH |  | SOLE |  | 12391 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 | BBG000BLGFJ9 | 922370 | 4430 | SH |  | SOLE |  | 4430 | 0 | 0 |
| LANCASTER COLONY CORP | COM | 513847103 | BBG000BN1M88 | 269512 | 1366 | SH |  | SOLE |  | 1366 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 | BBG000JWD753 | 326347 | 6789 | SH |  | SOLE |  | 6789 | 0 | 0 |
| LATTICE SEMICONDUCTOR CORP | COM | 518415104 | BBG000C2D1C1 | 251929 | 3883 | SH |  | SOLE |  | 3883 | 0 | 0 |
| LCI INDS | COM | 50189K103 | BBG000DNLMB0 | 270046 | 2921 | SH |  | SOLE |  | 2921 | 0 | 0 |
| LEAR CORP | COM NEW | 521865204 | BBG000PTLGZ1 | 587979 | 4741 | SH |  | SOLE |  | 4741 | 0 | 0 |
| LEGGETT  PLATT INC | COM | 524660107 | BBG000BN53G7 | 615271 | 19090 | SH |  | SOLE |  | 19090 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 | BBG000BN5HF7 | 842917 | 9314 | SH |  | SOLE |  | 9314 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 | BBG000BB5B84 | 790416 | 3304 | SH |  | SOLE |  | 3304 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM SER A FRMLA | 531229870 | BBG00BFHDCV6 | 204423 | 3826 | SH |  | SOLE |  | 3826 | 0 | 0 |
| LIFE STORAGE INC | COM | 53223X107 | BBG000C42VL3 | 447880 | 4547 | SH |  | SOLE |  | 4547 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 | BBG000BNBDC2 | 863748 | 2361 | SH |  | SOLE |  | 2361 | 0 | 0 |
| LITTELFUSE INC | COM | 537008104 | BBG000BGFGT8 | 448107 | 2035 | SH |  | SOLE |  | 2035 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG000BNDN65 | 521610 | 2618 | SH |  | SOLE |  | 2618 | 0 | 0 |
| LTC PPTYS INC | COM | 502175102 | BBG000BGCCC8 | 224834 | 6328 | SH |  | SOLE |  | 6328 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 | BBG000R8ZVD1 | 338962 | 1058 | SH |  | SOLE |  | 1058 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 | BBG000BGLRN3 | 71530 | 13703 | SH |  | SOLE |  | 13703 | 0 | 0 |
| M/I HOMES INC | COM | 55305B101 | BBG000BL9MZ4 | 227714 | 4931 | SH |  | SOLE |  | 4931 | 0 | 0 |
| MACERICH CO | COM | 554382101 | BBG000BL9C59 | 115922 | 10295 | SH |  | SOLE |  | 10295 | 0 | 0 |
| MACOM TECH SOLUTIONS HLDGS I | COM | 55405Y100 | BBG000LJQ3H1 | 388776 | 6173 | SH |  | SOLE |  | 6173 | 0 | 0 |
| MAIN STR CAP CORP | COM | 56035L104 | BBG000BXT422 | 447612 | 12114 | SH |  | SOLE |  | 12114 | 0 | 0 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 | BBG000BB34J0 | 235806 | 8553 | SH |  | SOLE |  | 8553 | 0 | 0 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 | BBG000BFV758 | 314062 | 2587 | SH |  | SOLE |  | 2587 | 0 | 0 |
| MARATHON OIL CORP | COM | 565849106 | BBG000C8H633 | 661807 | 24448 | SH |  | SOLE |  | 24448 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 | BBG001DCCGR8 | 223469 | 1920 | SH |  | SOLE |  | 1920 | 0 | 0 |
| MARTEN TRANS LTD | COM | 573075108 | BBG000BPDJM1 | 306353 | 15488 | SH |  | SOLE |  | 15488 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 | BBG000BGYMH7 | 627272 | 1856 | SH |  | SOLE |  | 1856 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 | BBG00ZXBJ153 | 380364 | 10269 | SH |  | SOLE |  | 10269 | 0 | 0 |
| MASCO CORP | COM | 574599106 | BBG000BNNKG9 | 914125 | 19587 | SH |  | SOLE |  | 19587 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG000BNSZP1 | 959513 | 3641 | SH |  | SOLE |  | 3641 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 | BBG000DYGNW7 | 786627 | 2097 | SH |  | SOLE |  | 2097 | 0 | 0 |
| MERCER INTL INC | COM | 588056101 | BBG000CDMMM0 | 163670 | 14061 | SH |  | SOLE |  | 14061 | 0 | 0 |
| MERCURY SYS INC | COM | 589378108 | BBG000BX5GS3 | 242401 | 5418 | SH |  | SOLE |  | 5418 | 0 | 0 |
| METLIFE INC | COM | 59156R108 | BBG000BB6KF5 | 849190 | 11734 | SH |  | SOLE |  | 11734 | 0 | 0 |
| MGP INGREDIENTS INC NEW | COM | 55303J106 | BBG000BXK6C5 | 215632 | 2027 | SH |  | SOLE |  | 2027 | 0 | 0 |
| MINERALS TECHNOLOGIES INC | COM | 603158106 | BBG000BB61F7 | 269475 | 4438 | SH |  | SOLE |  | 4438 | 0 | 0 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADS | 606822104 | BBG000D4F4F5 | 86497 | 12968 | SH |  | SOLE |  | 12968 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 | BBG000MBHNC8 | 251297 | 761 | SH |  | SOLE |  | 761 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 | BBG008NVB1C0 | 556994 | 5486 | SH |  | SOLE |  | 5486 | 0 | 0 |
| MSCI INC | COM | 55354G100 | BBG000RTDY25 | 424700 | 913 | SH |  | SOLE |  | 913 | 0 | 0 |
| MUELLER WTR PRODS INC | COM SER A | 624758108 | BBG000JBC9M7 | 314235 | 29204 | SH |  | SOLE |  | 29204 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 | BBG000BPYD87 | 267886 | 4232 | SH |  | SOLE |  | 4232 | 0 | 0 |
| NATIONAL HEALTH INVS INC | COM | 63633D104 | BBG000CGWSJ3 | 382564 | 7326 | SH |  | SOLE |  | 7326 | 0 | 0 |
| NETAPP INC | COM | 64110D104 | BBG000FP1N32 | 297537 | 4954 | SH |  | SOLE |  | 4954 | 0 | 0 |
| NETSTREIT CORP | COM | 64119V303 | BBG00W5FQPV2 | 327832 | 17885 | SH |  | SOLE |  | 17885 | 0 | 0 |
| NEW YORK TIMES CO | CL A | 650111107 | BBG000FFC0B3 | 238776 | 7356 | SH |  | SOLE |  | 7356 | 0 | 0 |
| NEWMARK GROUP INC | CL A | 65158N102 | BBG00J24S765 | 128508 | 16124 | SH |  | SOLE |  | 16124 | 0 | 0 |
| NEWMARKET CORP | COM | 651587107 | BBG000BJ5SS8 | 559998 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| NICE LTD | SPONSORED ADR | 653656108 | BBG000KC17R4 | 325372 | 1692 | SH |  | SOLE |  | 1692 | 0 | 0 |
| NOMURA HLDGS INC | SPONSORED ADR | 65535H208 | BBG000BZPXB7 | 79778 | 21274 | SH |  | SOLE |  | 21274 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 | BBG000BQ74K1 | 358119 | 4047 | SH |  | SOLE |  | 4047 | 0 | 0 |
| NORTHWEST BANCSHARES INC MD | COM | 667340103 | BBG000BG8NP5 | 148034 | 10589 | SH |  | SOLE |  | 10589 | 0 | 0 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 | BBG000BSRN78 | 524007 | 42811 | SH |  | SOLE |  | 42811 | 0 | 0 |
| NOV INC | COM | 62955J103 | BBG000BJX8C8 | 377942 | 18092 | SH |  | SOLE |  | 18092 | 0 | 0 |
| NOVA LTD | COM | M7516K103 | BBG000BSY1Y8 | 390757 | 4784 | SH |  | SOLE |  | 4784 | 0 | 0 |
| NUVASIVE INC | COM | 670704105 | BBG000LNL298 | 333095 | 8077 | SH |  | SOLE |  | 8077 | 0 | 0 |
| NV5 GLOBAL INC | COM | 62945V109 | BBG005BT60Y8 | 258818 | 1956 | SH |  | SOLE |  | 1956 | 0 | 0 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 | BBG000BGBTC2 | 260662 | 9326 | SH |  | SOLE |  | 9326 | 0 | 0 |
| ONESPAWORLD HOLDINGS LIMITED | COM | P73684113 | BBG00MKMQ6M4 | 100456 | 10767 | SH |  | SOLE |  | 10767 | 0 | 0 |
| ONTO INNOVATION INC | COM | 683344105 | BBG000BPRN29 | 219386 | 3222 | SH |  | SOLE |  | 3222 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 | BBG000K712R6 | 355473 | 11993 | SH |  | SOLE |  | 11993 | 0 | 0 |
| OSI SYSTEMS INC | COM | 671044105 | BBG000BWPR54 | 344560 | 4333 | SH |  | SOLE |  | 4333 | 0 | 0 |
| PACCAR INC | COM | 693718108 | BBG000BQVTF5 | 1402900 | 14175 | SH |  | SOLE |  | 14175 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | BBG000N7QR55 | 77714 | 12105 | SH |  | SOLE |  | 12105 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG0014GJCT9 | 214054 | 1534 | SH |  | SOLE |  | 1534 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG000BR3KL6 | 1087758 | 3738 | SH |  | SOLE |  | 3738 | 0 | 0 |
| PARSONS CORP DEL | COM | 70202L102 | BBG000C3TKY6 | 391229 | 8459 | SH |  | SOLE |  | 8459 | 0 | 0 |
| PATTERSON COS INC | COM | 703395103 | BBG000BQY289 | 518163 | 18486 | SH |  | SOLE |  | 18486 | 0 | 0 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 | BBG000BKXFN7 | 168821 | 10025 | SH |  | SOLE |  | 10025 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXV6 | 225839 | 3171 | SH |  | SOLE |  | 3171 | 0 | 0 |
| PENSKE AUTOMOTIVE GRP INC | COM | 70959W103 | BBG000H6K1B0 | 528218 | 4596 | SH |  | SOLE |  | 4596 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG000DH7JK6 | 1375907 | 7616 | SH |  | SOLE |  | 7616 | 0 | 0 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 | BBG000C1XKF6 | 305417 | 4161 | SH |  | SOLE |  | 4161 | 0 | 0 |
| PIONEER NAT RES CO | COM | 723787107 | BBG000BXRPH1 | 495606 | 2170 | SH |  | SOLE |  | 2170 | 0 | 0 |
| PLAYA HOTELS  RESORTS NV | SHS | N70544106 | BBG00DXB1GY6 | 90578 | 13871 | SH |  | SOLE |  | 13871 | 0 | 0 |
| POST HLDGS INC | COM | 737446104 | BBG001WTBC36 | 741847 | 8219 | SH |  | SOLE |  | 8219 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 | BBG000BR37X2 | 352422 | 2717 | SH |  | SOLE |  | 2717 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 | BBG000B9Z0J8 | 619902 | 5499 | SH |  | SOLE |  | 5499 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 | BBG000HCJMF9 | 912744 | 9177 | SH |  | SOLE |  | 9177 | 0 | 0 |
| PRUDENTIAL PLC | ADR | 74435K204 | BBG000C58NY8 | 215471 | 7841 | SH |  | SOLE |  | 7841 | 0 | 0 |
| PUBLIC STORAGE | COM | 74460D109 | BBG000BPPN67 | 475482 | 1697 | SH |  | SOLE |  | 1697 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 | BBG000BR54L0 | 956631 | 21011 | SH |  | SOLE |  | 21011 | 0 | 0 |
| PURE STORAGE INC | CL A | 74624M102 | BBG00212PVZ5 | 227112 | 8487 | SH |  | SOLE |  | 8487 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG000CGC1X8 | 417332 | 3796 | SH |  | SOLE |  | 3796 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 | BBG000BBL8V7 | 233415 | 1638 | SH |  | SOLE |  | 1638 | 0 | 0 |
| RACKSPACE TECHNOLOGY INC | COM | 750102105 | BBG00W0JYQQ4 | 32252 | 10933 | SH |  | SOLE |  | 10933 | 0 | 0 |
| RAMBUS INC DEL | COM | 750917106 | BBG000BR32C6 | 352899 | 9852 | SH |  | SOLE |  | 9852 | 0 | 0 |
| RAYONIER INC | COM | 754907103 | BBG000BG7L34 | 257154 | 7802 | SH |  | SOLE |  | 7802 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 | BBG000DHPN63 | 400180 | 6309 | SH |  | SOLE |  | 6309 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 | BBG000C734W3 | 455260 | 631 | SH |  | SOLE |  | 631 | 0 | 0 |
| RENASANT CORP | COM | 75970E107 | BBG000BR40B0 | 328048 | 8727 | SH |  | SOLE |  | 8727 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 | BBG000BPXVJ6 | 544467 | 4221 | SH |  | SOLE |  | 4221 | 0 | 0 |
| RESMED INC | COM | 761152107 | BBG000L4M7F1 | 420423 | 2020 | SH |  | SOLE |  | 2020 | 0 | 0 |
| RETAIL OPPORTUNITY INVTS COR | COM | 76131N101 | BBG000TP7D24 | 280836 | 18685 | SH |  | SOLE |  | 18685 | 0 | 0 |
| REYNOLDS CONSUMER PRODS INC | COM | 76171L106 | BBG00QVJVYB5 | 206442 | 6886 | SH |  | SOLE |  | 6886 | 0 | 0 |
| ROCKET LAB USA INC | COM | 773122106 | BBG00Y61SZL5 | 70891 | 18804 | SH |  | SOLE |  | 18804 | 0 | 0 |
| ROLLINS INC | COM | 775711104 | BBG000BSBBP1 | 387726 | 10611 | SH |  | SOLE |  | 10611 | 0 | 0 |
| ROYAL BK CDA SUSTAINABL | COM | 780087102 | BBG000BSSC44 | 540991 | 5754 | SH |  | SOLE |  | 5754 | 0 | 0 |
| RPM INTL INC | COM | 749685103 | BBG000DCNK80 | 637908 | 6546 | SH |  | SOLE |  | 6546 | 0 | 0 |
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 | BBG000BDVP80 | 351490 | 4298 | SH |  | SOLE |  | 4298 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG000BN2DC2 | 250065 | 1886 | SH |  | SOLE |  | 1886 | 0 | 0 |
| SALLY BEAUTY HLDGS INC | COM | 79546E104 | BBG000LR8515 | 225373 | 18001 | SH |  | SOLE |  | 18001 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 | BBG000BDSLD7 | 236615 | 2293 | SH |  | SOLE |  | 2293 | 0 | 0 |
| SCIENCE APPLICATIONS INTL CO | COM | 808625107 | BBG003BW05K6 | 399237 | 3599 | SH |  | SOLE |  | 3599 | 0 | 0 |
| SEALED AIR CORP NEW | COM | 81211K100 | BBG000C22QV7 | 680114 | 13635 | SH |  | SOLE |  | 13635 | 0 | 0 |
| SEMPRA | COM | 816851109 | BBG000C2ZCH8 | 277554 | 1796 | SH |  | SOLE |  | 1796 | 0 | 0 |
| SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 | BBG00JPGYW43 | 358009 | 8866 | SH |  | SOLE |  | 8866 | 0 | 0 |
| SHAKE SHACK INC | CL A | 819047101 | BBG0063GCHH8 | 267204 | 6434 | SH |  | SOLE |  | 6434 | 0 | 0 |
| SIRIUS XM HOLDINGS INC | COM | 82968B103 | BBG000BT0093 | 805996 | 138013 | SH |  | SOLE |  | 138013 | 0 | 0 |
| SM ENERGY CO | COM | 78454L100 | BBG000BFV115 | 207761 | 5965 | SH |  | SOLE |  | 5965 | 0 | 0 |
| SMITH  NEPHEW PLC | SPDN ADR NEW | 83175M205 | BBG000C2W4K5 | 461943 | 17179 | SH |  | SOLE |  | 17179 | 0 | 0 |
| SNAP ON INC | COM | 833034101 | BBG000BT7JW9 | 756302 | 3310 | SH |  | SOLE |  | 3310 | 0 | 0 |
| SONOCO PRODS CO | COM | 835495102 | BBG000D7HF89 | 467224 | 7696 | SH |  | SOLE |  | 7696 | 0 | 0 |
| SOUTHSTATE CORPORATION | COM | 840441109 | BBG000BNPYN9 | 210677 | 2759 | SH |  | SOLE |  | 2759 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 | BBG000BNJHS8 | 429932 | 12769 | SH |  | SOLE |  | 12769 | 0 | 0 |
| SP PLUS CORP | COM | 78469C103 | BBG000BJ91B1 | 365879 | 10538 | SH |  | SOLE |  | 10538 | 0 | 0 |
| SPIRIT RLTY CAP INC NEW | COM NEW | 84860W300 | BBG0027Z6X10 | 484910 | 12144 | SH |  | SOLE |  | 12144 | 0 | 0 |
| STATE STR CORP | COM | 857477103 | BBG000BKFBD7 | 308729 | 3980 | SH |  | SOLE |  | 3980 | 0 | 0 |
| STEPSTONE GROUP INC | COM CL A | 85914M107 | BBG00WXXV032 | 222339 | 8830 | SH |  | SOLE |  | 8830 | 0 | 0 |
| STMICROELECTRONICS N V | NY REGISTRY | 861012102 | BBG000BD4GX2 | 219858 | 6181 | SH |  | SOLE |  | 6181 | 0 | 0 |
| SUNSTONE HOTEL INVS INC NEW | COM | 867892101 | BBG000Q3TSJ1 | 203623 | 21079 | SH |  | SOLE |  | 21079 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 | BBG000BSFRF3 | 458820 | 1437 | SH |  | SOLE |  | 1437 | 0 | 0 |
| SYSCO CORP | COM | 871829107 | BBG000BTVJ25 | 547076 | 7156 | SH |  | SOLE |  | 7156 | 0 | 0 |
| TELUS CORPORATION | COM | 87971M103 | BBG000JFY7K0 | 663530 | 34362 | SH |  | SOLE |  | 34362 | 0 | 0 |
| TERADYNE INC | COM | 880770102 | BBG000BV4DR6 | 604025 | 6915 | SH |  | SOLE |  | 6915 | 0 | 0 |
| TERNIUM SA | SPONSORED ADS | 880890108 | BBG000LTPD97 | 272473 | 8916 | SH |  | SOLE |  | 8916 | 0 | 0 |
| TETRA TECH INC NEW | COM | 88162G103 | BBG000BYZ0Q5 | 241741 | 1665 | SH |  | SOLE |  | 1665 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 | BBG000BVV7G1 | 757203 | 4583 | SH |  | SOLE |  | 4583 | 0 | 0 |
| TEXTAINER GROUP HOLDINGS LTD | SHS | G8766E109 | BBG000TG66M8 | 292021 | 9417 | SH |  | SOLE |  | 9417 | 0 | 0 |
| TEXTRON INC | COM | 883203101 | BBG000BVVQQ8 | 690017 | 9746 | SH |  | SOLE |  | 9746 | 0 | 0 |
| TORO CO | COM | 891092108 | BBG000BVQRY3 | 528418 | 4668 | SH |  | SOLE |  | 4668 | 0 | 0 |
| TRANSUNION | COM | 89400J107 | BBG002Q7J5Z1 | 345040 | 6080 | SH |  | SOLE |  | 6080 | 0 | 0 |
| TRI POINTE HOMES INC | COM | 87265H109 | BBG0016YQTR5 | 673237 | 36215 | SH |  | SOLE |  | 36215 | 0 | 0 |
| TRICO BANCSHARES | COM | 896095106 | BBG000BGYJF6 | 208549 | 4090 | SH |  | SOLE |  | 4090 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 | BBG000BNPS52 | 519251 | 10270 | SH |  | SOLE |  | 10270 | 0 | 0 |
| TRONOX HOLDINGS PLC | SHS | G9087Q102 | BBG00MRH2W10 | 166206 | 12123 | SH |  | SOLE |  | 12123 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 | BBG000DKCC19 | 394541 | 6338 | SH |  | SOLE |  | 6338 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 | BBG007DJM539 | 347150 | 18594 | SH |  | SOLE |  | 18594 | 0 | 0 |
| UDR INC | COM | 902653104 | BBG000C41023 | 241094 | 6225 | SH |  | SOLE |  | 6225 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 | BBG00FWQ4VD6 | 292700 | 624 | SH |  | SOLE |  | 624 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 | BBG000M65M61 | 208293 | 5525 | SH |  | SOLE |  | 5525 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG000L9CV04 | 234162 | 1347 | SH |  | SOLE |  | 1347 | 0 | 0 |
| URBAN EDGE PPTYS | COM | 91704F104 | BBG006BFYQN0 | 292480 | 20758 | SH |  | SOLE |  | 20758 | 0 | 0 |
| URBAN OUTFITTERS INC | COM | 917047102 | BBG000BL79J3 | 264640 | 11096 | SH |  | SOLE |  | 11096 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 | BBG000FFDM15 | 330782 | 7585 | SH |  | SOLE |  | 7585 | 0 | 0 |
| V F CORP | COM | 918204108 | BBG000BWCKB6 | 316659 | 11469 | SH |  | SOLE |  | 11469 | 0 | 0 |
| VECTOR GROUP LTD | COM | 92240M108 | BBG000CXKKZ8 | 185668 | 15655 | SH |  | SOLE |  | 15655 | 0 | 0 |
| VERRA MOBILITY CORP | CL A COM STK | 92511U102 | BBG00G4XQ9Z1 | 178352 | 12896 | SH |  | SOLE |  | 12896 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 | BBG000C1S2X2 | 700869 | 2427 | SH |  | SOLE |  | 2427 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 | BBG00HVVB499 | 288036 | 8890 | SH |  | SOLE |  | 8890 | 0 | 0 |
| VIMEO INC | COMMON STOCK | 92719V100 | BBG00ZNSSKP3 | 80368 | 23431 | SH |  | SOLE |  | 23431 | 0 | 0 |
| VORNADO RLTY TR | SH BEN INT | 929042109 | BBG000BWHD54 | 297042 | 14274 | SH |  | SOLE |  | 14274 | 0 | 0 |
| VOYA FINANCIAL INC | COM | 929089100 | BBG000BCWKD6 | 331247 | 5387 | SH |  | SOLE |  | 5387 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 | BBG000BWGYF8 | 490483 | 2801 | SH |  | SOLE |  | 2801 | 0 | 0 |
| WABTEC | COM | 929740108 | BBG000BDD940 | 268788 | 2693 | SH |  | SOLE |  | 2693 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 | BBG000BWLMJ4 | 257560 | 6894 | SH |  | SOLE |  | 6894 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 | BBG000FLHZZ2 | 574913 | 4337 | SH |  | SOLE |  | 4337 | 0 | 0 |
| WATSCO INC | COM | 942622200 | BBG000DJN7L9 | 228201 | 915 | SH |  | SOLE |  | 915 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG000BWQFY7 | 659566 | 15974 | SH |  | SOLE |  | 15974 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 | BBG000BKY1G5 | 314574 | 4799 | SH |  | SOLE |  | 4799 | 0 | 0 |
| WESCO INTL INC | COM | 95082P105 | BBG000D0FNV3 | 219225 | 1751 | SH |  | SOLE |  | 1751 | 0 | 0 |
| WESTERN DIGITAL CORP. | COM | 958102105 | BBG000BWNFZ9 | 511299 | 16206 | SH |  | SOLE |  | 16206 | 0 | 0 |
| WESTROCK CO | COM | 96145D105 | BBG008NXC572 | 392315 | 11158 | SH |  | SOLE |  | 11158 | 0 | 0 |
| WIDEOPENWEST INC | COM | 96758W101 | BBG00GBB6WF4 | 131339 | 14417 | SH |  | SOLE |  | 14417 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 | BBG000FSMWC3 | 315340 | 2744 | SH |  | SOLE |  | 2744 | 0 | 0 |
| WILLSCOT MOBIL MINI HLDNG CO | COM CL A | 971378104 | BBG00B0FS947 | 306885 | 6794 | SH |  | SOLE |  | 6794 | 0 | 0 |
| WINNEBAGO INDS INC | COM | 974637100 | BBG000BWS3F3 | 420704 | 7983 | SH |  | SOLE |  | 7983 | 0 | 0 |
| WIPRO LTD | SPON ADR 1 SH | 97651M109 | BBG000BDFT17 | 276180 | 59266 | SH |  | SOLE |  | 59266 | 0 | 0 |
| WNS HLDGS LTD | SPON ADR | 92932M101 | BBG000BR0X40 | 412268 | 5154 | SH |  | SOLE |  | 5154 | 0 | 0 |
| WORLD WRESTLING ENTMT INC | CL A | 98156Q108 | BBG000F5YH15 | 304571 | 4445 | SH |  | SOLE |  | 4445 | 0 | 0 |
| WP CAREY INC | COM | 92936U109 | BBG000BCQM58 | 367930 | 4708 | SH |  | SOLE |  | 4708 | 0 | 0 |
| WPP PLC NEW | ADR | 92937A102 | BBG000BBVP39 | 592525 | 12053 | SH |  | SOLE |  | 12053 | 0 | 0 |
| XENIA HOTELS  RESORTS INC | COM | 984017103 | BBG006YP1L41 | 201931 | 15321 | SH |  | SOLE |  | 15321 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320N9 | 403599 | 2754 | SH |  | SOLE |  | 2754 | 0 | 0 |

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