# EDGAR Filing Document

**Accession Number:** 0000829108
**File Stem:** 0000829108-25-000004
**Filing Date:** 2025-8
**Character Count:** 67490
**Document Hash:** 4640c596e09a2b14c9576bab4827207a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000829108-25-000004.hdr.sgml**: 20250812

**ACCESSION NUMBER**: 0000829108-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250812

**DATE AS OF CHANGE**: 20250812

**EFFECTIVENESS DATE**: 20250812

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Brandywine Global Investment Management, LLC
- **CENTRAL INDEX KEY:** 0000829108

**ORGANIZATION NAME:**
- **EIN:** 510294965
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-02204
- **FILM NUMBER:** 251205133

**BUSINESS ADDRESS:**
- **STREET 1:** 1735 MARKET STREET
- **STREET 2:** SUITE 1800
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103
- **BUSINESS PHONE:** 215-609-3500

**MAIL ADDRESS:**
- **STREET 1:** 1735 MARKET STREET
- **STREET 2:** SUITE 1800
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BRANDYWINE ASSET MANAGEMENT LLC
- **DATE OF NAME CHANGE:** 20040414

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BRANDYWINE ASSET MANAGEMENT INC
- **DATE OF NAME CHANGE:** 19940214

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Brandywine Global Investment Management LLC<br>**Address:** 1735 Market Street<br>Suite 1800<br>Philadelphia, PA 19103

**Form 13F File Number:** 028-02204

**CRD Number (if applicable):** 000110783

**SEC File Number (if applicable):** 801-27797

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:** Leigh Lament<br>**Title:** Chief Compliance Officer<br>**Phone:** 215-609-3544

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

/s/LEIGH LAMENT  Philadelphia, PA  08-01-2025<br>[Signature]  [City, State]  [Date]

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

[ ] **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).)

[x] **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:** 572

**Form 13F Information Table Value Total:** $14198870548

      (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.]

|   No. | Name                   | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | FRANKLIN RESOURCES INC | 028-00734              |  |  |

### 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 | 124230276 | 816016 | SH |  | SOLE |  | 816016 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RY4 | 92344279 | 497491 | SH |  | SOLE |  | 497491 | 0 | 0 |
| ABERCROMBIE  FITCH CO | CL A | 002896207 | BBG000H9G7X2 | 61642554 | 744026 | SH |  | SOLE |  | 744026 | 0 | 0 |
| ACADEMY SPORTS  OUTDOORS IN | COM | 00402L107 | BBG00X7L1C14 | 10779628 | 240563 | SH |  | SOLE |  | 240563 | 0 | 0 |
| ACADIAN ASSET MANAGEMENT INC | COM | 10948W103 | BBG00P2HLNY3 | 1424788 | 40431 | SH |  | SOLE |  | 40431 | 0 | 0 |
| ACUITY INC | COM | 00508Y102 | BBG000BJ5HK0 | 5125183 | 17179 | SH |  | SOLE |  | 17179 | 0 | 0 |
| ADEIA INC | COM | 00676P107 | BBG00RBFBL50 | 4291688 | 303514 | SH |  | SOLE |  | 303514 | 0 | 0 |
| ADOBE INC | COM | 00724F101 | BBG000BB5006 | 62823122 | 162384 | SH |  | SOLE |  | 162384 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 | BBG000BP9WJ1 | 10076928 | 1189720 | SH |  | SOLE |  | 1189720 | 0 | 0 |
| ADVANSIX INC | COM | 00773T101 | BBG00CWTTQ41 | 2772575 | 116740 | SH |  | SOLE |  | 116740 | 0 | 0 |
| AECOM | COM | 00766T100 | BBG000F61RJ8 | 5500232 | 48735 | SH |  | SOLE |  | 48735 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 | BBG000Q9FZL4 | 137666412 | 1176636 | SH |  | SOLE |  | 1176636 | 0 | 0 |
| AERSALE CORPORATION | COM | 00810F106 | BBG00R28X833 | 1395943 | 232270 | SH |  | SOLE |  | 232270 | 0 | 0 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 | BBG000C060M4 | 14823865 | 75336 | SH |  | SOLE |  | 75336 | 0 | 0 |
| AFLAC INC | COM | 001055102 | BBG000BBBNC6 | 57766770 | 547760 | SH |  | SOLE |  | 547760 | 0 | 0 |
| AGCO CORP | COM | 001084102 | BBG000DCCZW2 | 5010584 | 48571 | SH |  | SOLE |  | 48571 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 | BBG000BC4JJ4 | 21183270 | 75102 | SH |  | SOLE |  | 75102 | 0 | 0 |
| AIRBNB INC | NOTE3/1 | 009066AB7 | BBG00ZHSFMF1 | 6040604 | 6250000 | PRN |  | SOLE |  | 6250000 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 | BBG00B6HXNF8 | 7782452 | 373202 | SH |  | SOLE |  | 373202 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JVL2 | 10583194 | 93318 | SH |  | SOLE |  | 93318 | 0 | 0 |
| ALLEGIANT TRAVEL CO | COM | 01748X102 | BBG000LJS6B8 | 4406660 | 80194 | SH |  | SOLE |  | 80194 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 | BBG003PS7JV1 | 8067838 | 55980 | SH |  | SOLE |  | 55980 | 0 | 0 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 | BBG001KY3845 | 4949454 | 52105 | SH |  | SOLE |  | 52105 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 | BBG000BVMGF2 | 44428714 | 220698 | SH |  | SOLE |  | 220698 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 | BBG000BC2R71 | 5347134 | 137282 | SH |  | SOLE |  | 137282 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JX6 | 80087724 | 454450 | SH |  | SOLE |  | 454450 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG000BP6LJ8 | 64399896 | 1098412 | SH |  | SOLE |  | 1098412 | 0 | 0 |
| AMALGAMATED FINANCIAL CORP | COM | 022671101 | BBG00XRT7YX6 | 1706172 | 54685 | SH |  | SOLE |  | 54685 | 0 | 0 |
| AMBEV SA | SPONSORED ADR | 02319V103 | BBG000BN5VZ4 | 41421203 | 17187221 | SH |  | SOLE |  | 17187221 | 0 | 0 |
| AMCOR PLC | ORD | G0250X107 | BBG00LNJRQ09 | 17749189 | 1931359 | SH |  | SOLE |  | 1931359 | 0 | 0 |
| AMERICAN COASTAL INS CORP | COM | 910710102 | BBG000TKFJQ7 | 1008584 | 90700 | SH |  | SOLE |  | 90700 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 | BBG000DPKKK0 | 11963193 | 94788 | SH |  | SOLE |  | 94788 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 | BBG000BBDZG3 | 24084855 | 281398 | SH |  | SOLE |  | 281398 | 0 | 0 |
| AMERICAS CAR-MART INC | COM | 03062T105 | BBG000CM6L31 | 807536 | 14410 | SH |  | SOLE |  | 14410 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 | BBG000G3QLY3 | 30237406 | 56653 | SH |  | SOLE |  | 56653 | 0 | 0 |
| AMERIS BANCORP | COM | 03076K108 | BBG000CDY3H5 | 9623996 | 148748 | SH |  | SOLE |  | 148748 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG000BBS2Y0 | 105038802 | 376200 | SH |  | SOLE |  | 376200 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 | BBG000BJFJ98 | 81464365 | 4328606 | SH |  | SOLE |  | 4328606 | 0 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 | BBG00GBNZ4M0 | 16845356 | 888937 | SH |  | SOLE |  | 888937 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 | BBG00ZNLTFK3 | 39199248 | 276304 | SH |  | SOLE |  | 276304 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 | BBG01R914LT5 | 6420730 | 94118 | SH |  | SOLE |  | 94118 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 | BBG000HXNN20 | 16471856 | 180910 | SH |  | SOLE |  | 180910 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 | BBG000BB6WG8 | 34740218 | 658208 | SH |  | SOLE |  | 658208 | 0 | 0 |
| ARTISAN PARTNERS ASSET MGMT | CL A | 04316A108 | BBG001M6CZY1 | 3388585 | 76440 | SH |  | SOLE |  | 76440 | 0 | 0 |
| ASBURY AUTOMOTIVE GROUP INC | COM | 043436104 | BBG000BKDWB5 | 20500605 | 85942 | SH |  | SOLE |  | 85942 | 0 | 0 |
| ASSOCIATED BANC CORP | COM | 045487105 | BBG000BCFQC3 | 6541008 | 268184 | SH |  | SOLE |  | 268184 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 | BBG000BZX1N5 | 5888362 | 29816 | SH |  | SOLE |  | 29816 | 0 | 0 |
| ASSURED GUARANTY LTD | COM | G0585R106 | BBG000CQB185 | 11441979 | 131366 | SH |  | SOLE |  | 131366 | 0 | 0 |
| ASTEC INDS INC | COM | 046224101 | BBG000BCHZL1 | 3292259 | 78970 | SH |  | SOLE |  | 78970 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 | BBG000BZ0DK8 | 29949101 | 428579 | SH |  | SOLE |  | 428579 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG000BSJK37 | 279674858 | 9663955 | SH |  | SOLE |  | 9663955 | 0 | 0 |
| ATLANTIC UN BANKSHARES CORP | COM | 04911A107 | BBG000BKS4S3 | 5231361 | 167243 | SH |  | SOLE |  | 167243 | 0 | 0 |
| AUTONATION INC | COM | 05329W102 | BBG000BBXLW4 | 29726582 | 149643 | SH |  | SOLE |  | 149643 | 0 | 0 |
| AVISTA CORP | COM | 05379B107 | BBG000BCNF74 | 10414505 | 274427 | SH |  | SOLE |  | 274427 | 0 | 0 |
| AVNET INC | COM | 053807103 | BBG000BCPB71 | 20081438 | 378324 | SH |  | SOLE |  | 378324 | 0 | 0 |
| AXALTA COATING SYS LTD | COM | G0750C108 | BBG0060CPLJ5 | 3828822 | 128960 | SH |  | SOLE |  | 128960 | 0 | 0 |
| AXIS CAP HLDGS LTD | SHS | G0692U109 | BBG000FLF615 | 5014402 | 48299 | SH |  | SOLE |  | 48299 | 0 | 0 |
| AXOS FINANCIAL INC | COM | 05465C100 | BBG000QPHD08 | 10258861 | 134914 | SH |  | SOLE |  | 134914 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 | BBG000QXWHD1 | 24760799 | 288722 | SH |  | SOLE |  | 288722 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 | BBG00GBVBK51 | 24850033 | 648149 | SH |  | SOLE |  | 648149 | 0 | 0 |
| BANC OF CALIFORNIA INC | COM | 05990K106 | BBG000F7VG25 | 453815 | 32300 | SH |  | SOLE |  | 32300 | 0 | 0 |
| BANCO DE CHILE | SPONSORED ADS | 059520106 | BBG000D5HVG9 | 916585 | 30131 | SH |  | SOLE |  | 30131 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG000BCTLF6 | 289874843 | 6125842 | SH |  | SOLE |  | 6125842 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | BBG000BD8PN9 | 36698926 | 402798 | SH |  | SOLE |  | 402798 | 0 | 0 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 | BBG000QFJJW0 | 11686504 | 248332 | SH |  | SOLE |  | 248332 | 0 | 0 |
| BANKUNITED INC | COM | 06652K103 | BBG000PQPCM6 | 1794875 | 50432 | SH |  | SOLE |  | 50432 | 0 | 0 |
| BAR HBR BANKSHARES | COM | 066849100 | BBG000JKM045 | 912522 | 30458 | SH |  | SOLE |  | 30458 | 0 | 0 |
| BENCHMARK ELECTRS INC | COM | 08160H101 | BBG000C4JX31 | 3931382 | 101246 | SH |  | SOLE |  | 101246 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 | BBG000BD1HP2 | 16516717 | 224809 | SH |  | SOLE |  | 224809 | 0 | 0 |
| BEST BUY INC | COM | 086516101 | BBG000BCWCG1 | 15746550 | 234568 | SH |  | SOLE |  | 234568 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 | BBG000BD9ZM7 | 13931874 | 248340 | SH |  | SOLE |  | 248340 | 0 | 0 |
| BLOCK H  R INC | COM | 093671105 | BBG000BLDV98 | 4478969 | 81599 | SH |  | SOLE |  | 81599 | 0 | 0 |
| BLOCK INC | NOTE 0.250%11/0 | 852234AK9 | BBG00Y497PF2 | 1792500 | 2000000 | PRN |  | SOLE |  | 2000000 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 | BBG000BJ49H3 | 4517657 | 134936 | SH |  | SOLE |  | 134936 | 0 | 0 |
| BOSTON OMAHA CORP | CL A COM STK | 101044105 | BBG0021J73K6 | 1891048 | 134690 | SH |  | SOLE |  | 134690 | 0 | 0 |
| BOYD GAMING CORP | COM | 103304101 | BBG000BHX9P6 | 8453299 | 108057 | SH |  | SOLE |  | 108057 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 | BBG000BT4FC2 | 36574699 | 1222008 | SH |  | SOLE |  | 1222008 | 0 | 0 |
| BREAD FINANCIAL HOLDINGS INC | COM | 018581108 | BBG000BFNR17 | 6440223 | 112749 | SH |  | SOLE |  | 112749 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 | BBG00DYPZ4T0 | 8115560 | 150931 | SH |  | SOLE |  | 150931 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG000DQLV23 | 15494791 | 334733 | SH |  | SOLE |  | 334733 | 0 | 0 |
| BRISTOW GROUP INC | COM | 11040G103 | BBG001YH8PR9 | 4124184 | 125089 | SH |  | SOLE |  | 125089 | 0 | 0 |
| BUCKLE INC | COM | 118440106 | BBG000BD9525 | 10136632 | 223520 | SH |  | SOLE |  | 223520 | 0 | 0 |
| BUILD-A-BEAR WORKSHOP INC | COM | 120076104 | BBG000H8XPS1 | 3026263 | 58694 | SH |  | SOLE |  | 58694 | 0 | 0 |
| BUMBLE INC | COM CL A | 12047B105 | BBG00Z6RF483 | 2927871 | 444290 | SH |  | SOLE |  | 444290 | 0 | 0 |
| BUNGE GLOBAL SA | COM SHS | H11356104 | BBG01JZ8VL91 | 813558 | 10134 | SH |  | SOLE |  | 10134 | 0 | 0 |
| BUSINESS FIRST BANCSHARES IN | COM | 12326C105 | BBG000TGZHS6 | 1071314 | 43461 | SH |  | SOLE |  | 43461 | 0 | 0 |
| BYLINE BANCORP INC | COM | 124411109 | BBG000G2ZJ98 | 2620395 | 98032 | SH |  | SOLE |  | 98032 | 0 | 0 |
| CABLE ONE INC | NOTE 1.125% 3/1 | 12685JAG0 | BBG00ZHF6BH1 | 59176807 | 77355000 | PRN |  | SOLE |  | 77355000 | 0 | 0 |
| CACI INTL INC | CL A | 127190304 | BBG000HNM2Q3 | 6823842 | 14408 | SH |  | SOLE |  | 14408 | 0 | 0 |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 | BBG00Y04KP80 | 14453459 | 316476 | SH |  | SOLE |  | 316476 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 | BBG0014LGC02 | 72753597 | 2313289 | SH |  | SOLE |  | 2313289 | 0 | 0 |
| CAPITOL FED FINL INC | COM | 14057J101 | BBG000C34488 | 163541 | 26810 | SH |  | SOLE |  | 26810 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 | BBG000D898T9 | 23945712 | 142534 | SH |  | SOLE |  | 142534 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 | BBG000BGGBT8 | 25049166 | 67084 | SH |  | SOLE |  | 67084 | 0 | 0 |
| CARLYLE GROUP INC | COM | 14316J108 | BBG000BH3F20 | 10943163 | 212902 | SH |  | SOLE |  | 212902 | 0 | 0 |
| CARMAX INC | COM | 143130102 | BBG000BLMZK6 | 6725369 | 100065 | SH |  | SOLE |  | 100065 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 | BBG000BF0K17 | 242382796 | 624360 | SH |  | SOLE |  | 624360 | 0 | 0 |
| CATHAY GEN BANCORP | COM | 149150104 | BBG000C668L5 | 7259622 | 159447 | SH |  | SOLE |  | 159447 | 0 | 0 |
| CELANESE CORP DEL | COM | 150870103 | BBG000JYP7L8 | 71863655 | 1298819 | SH |  | SOLE |  | 1298819 | 0 | 0 |
| CENCORA INC | COM | 03073E105 | BBG000MDCQC2 | 35613185 | 118770 | SH |  | SOLE |  | 118770 | 0 | 0 |
| CENTRAL PAC FINL CORP | COM NEW | 154760409 | BBG000BG4LG3 | 456216 | 16276 | SH |  | SOLE |  | 16276 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 | BBG000BWJFZ4 | 35569408 | 386624 | SH |  | SOLE |  | 386624 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 | BBG000VPGNR2 | 34253781 | 83789 | SH |  | SOLE |  | 83789 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG000K4ND22 | 120447991 | 841176 | SH |  | SOLE |  | 841176 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 | BBG000BR14K5 | 68448957 | 236259 | SH |  | SOLE |  | 236259 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 | BBG000BFPK65 | 13818138 | 92789 | SH |  | SOLE |  | 92789 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG000C3J3C9 | 152519580 | 2198322 | SH |  | SOLE |  | 2198322 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG000FY4S11 | 286255836 | 3362968 | SH |  | SOLE |  | 3362968 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 | BBG006Q0HY77 | 9922149 | 221724 | SH |  | SOLE |  | 221724 | 0 | 0 |
| CLEARWATER PAPER CORP | COM | 18538R103 | BBG000JY3FM3 | 1907345 | 70020 | SH |  | SOLE |  | 70020 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 | BBG0059JSF49 | 21981599 | 1696111 | SH |  | SOLE |  | 1696111 | 0 | 0 |
| CNO FINL GROUP INC | COM | 12621E103 | BBG000Q1GK24 | 8214801 | 212929 | SH |  | SOLE |  | 212929 | 0 | 0 |
| CNX RES CORP | COM | 12653C108 | BBG000CKVSG8 | 21211428 | 629793 | SH |  | SOLE |  | 629793 | 0 | 0 |
| COCA COLA CONS INC | COM | 191098102 | BBG000BG1SX2 | 16656282 | 149183 | SH |  | SOLE |  | 149183 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 | BBG000BBDV81 | 25113487 | 321844 | SH |  | SOLE |  | 321844 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG000BFQYY3 | 5241294 | 57660 | SH |  | SOLE |  | 57660 | 0 | 0 |
| COLLEGIUM PHARMACEUTICAL INC | COM | 19459J104 | BBG000N7LPW4 | 4150534 | 140363 | SH |  | SOLE |  | 140363 | 0 | 0 |
| COLUMBIA BKG SYS INC | COM | 197236102 | BBG000CTGXS2 | 1655818 | 70822 | SH |  | SOLE |  | 70822 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG000BFT2L4 | 302695777 | 8481249 | SH |  | SOLE |  | 8481249 | 0 | 0 |
| COMERICA INC | COM | 200340107 | BBG000C75N77 | 2890937 | 48465 | SH |  | SOLE |  | 48465 | 0 | 0 |
| COMMERCE BANCSHARES INC | COM | 200525103 | BBG000BF3G77 | 4030170 | 64825 | SH |  | SOLE |  | 64825 | 0 | 0 |
| COMMUNITY TR BANCORP INC | COM | 204149108 | BBG000F4J227 | 2093621 | 39562 | SH |  | SOLE |  | 39562 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 | BBG000BDXGP9 | 55281773 | 2700624 | SH |  | SOLE |  | 2700624 | 0 | 0 |
| CONCENTRIX CORP | COM | 20602D101 | BBG00RCNQMX3 | 5941589 | 112413 | SH |  | SOLE |  | 112413 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG000BQQH30 | 47484575 | 529135 | SH |  | SOLE |  | 529135 | 0 | 0 |
| CONSENSUS CLOUD SOLUTIONS IN | COM | 20848V105 | BBG0105XBRH0 | 1961945 | 85080 | SH |  | SOLE |  | 85080 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 | BBG000C29813 | 14253212 | 129610 | SH |  | SOLE |  | 129610 | 0 | 0 |
| CORE  MAIN INC | CL A | 21874C102 | BBG01163K2X0 | 9098306 | 150759 | SH |  | SOLE |  | 150759 | 0 | 0 |
| CORE NATURAL RESOURCES INC | COM SHS | 218937100 | BBG00HC114X0 | 6407363 | 91875 | SH |  | SOLE |  | 91875 | 0 | 0 |
| COREBRIDGE FINL INC | COM | 21871X109 | BBG016HJ8729 | 9274837 | 261263 | SH |  | SOLE |  | 261263 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 | BBG000GPXKX9 | 11211534 | 33788 | SH |  | SOLE |  | 33788 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 | BBG00BN969C1 | 31023858 | 416260 | SH |  | SOLE |  | 416260 | 0 | 0 |
| COVENANT LOGISTICS GROUP INC | CL A | 22284P105 | BBG000DNYKG5 | 1305267 | 54138 | SH |  | SOLE |  | 54138 | 0 | 0 |
| CRH PLC | ORD | G25508105 | BBG000BDCN13 | 40781718 | 441642 | SH |  | SOLE |  | 441642 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 | BBG000BF6756 | 47064229 | 457023 | SH |  | SOLE |  | 457023 | 0 | 0 |
| CSX CORP | COM | 126408103 | BBG000BGJRC8 | 53129961 | 1628255 | SH |  | SOLE |  | 1628255 | 0 | 0 |
| CULLEN FROST BANKERS INC | COM | 229899109 | BBG000C2PL98 | 3269801 | 25438 | SH |  | SOLE |  | 25438 | 0 | 0 |
| CUMMINS INC | COM | 231021106 | BBG000BGPTV6 | 38692160 | 118144 | SH |  | SOLE |  | 118144 | 0 | 0 |
| CUSTOMERS BANCORP INC | COM | 23204G100 | BBG0023XX761 | 4128482 | 70284 | SH |  | SOLE |  | 70284 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 | BBG000BGRY34 | 217308729 | 3150315 | SH |  | SOLE |  | 3150315 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 | BBG000DQTXY6 | 27164862 | 210711 | SH |  | SOLE |  | 210711 | 0 | 0 |
| DAVITA INC | COM | 23918K108 | BBG000MQ1SN9 | 6725349 | 47212 | SH |  | SOLE |  | 47212 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG000BH1NH9 | 127344710 | 250437 | SH |  | SOLE |  | 250437 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 | BBG00DW3SZS1 | 27188144 | 221763 | SH |  | SOLE |  | 221763 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 | BBG000R7Z112 | 99682499 | 2026891 | SH |  | SOLE |  | 2026891 | 0 | 0 |
| DELUXE CORP | COM | 248019101 | BBG000BH6360 | 2369635 | 148940 | SH |  | SOLE |  | 148940 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 | BBG000BBVJZ8 | 22061666 | 693545 | SH |  | SOLE |  | 693545 | 0 | 0 |
| DICKS SPORTING GOODS INC | COM | 253393102 | BBG000F6ZWH2 | 6776377 | 34257 | SH |  | SOLE |  | 34257 | 0 | 0 |
| DIEBOLD NIXDORF INC | COM SHS | 253651202 | BBG01HVHYBT6 | 267804 | 4834 | SH |  | SOLE |  | 4834 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG000BH4R78 | 214356493 | 1728542 | SH |  | SOLE |  | 1728542 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 | BBG000NV1KK7 | 162566350 | 1421283 | SH |  | SOLE |  | 1421283 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 | BBG000BSC0K9 | 12534304 | 126558 | SH |  | SOLE |  | 126558 | 0 | 0 |
| DONALDSON INC | COM | 257651109 | BBG000BGZP70 | 5260336 | 75852 | SH |  | SOLE |  | 75852 | 0 | 0 |
| DONEGAL GROUP INC | CL A | 257701201 | BBG000JQJC22 | 1201500 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| DOVER CORP | COM | 260003108 | BBG000BHB3M6 | 11212210 | 61192 | SH |  | SOLE |  | 61192 | 0 | 0 |
| DROPBOX INC | CL A | 26210C104 | BBG0018SLDN0 | 3816413 | 133441 | SH |  | SOLE |  | 133441 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 | BBG000BB29X4 | 17911904 | 135225 | SH |  | SOLE |  | 135225 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG000BHGDH5 | 51271944 | 434508 | SH |  | SOLE |  | 434508 | 0 | 0 |
| DXC TECHNOLOGY CO | COM | 23355L106 | BBG00FN64XT9 | 9712254 | 635203 | SH |  | SOLE |  | 635203 | 0 | 0 |
| EAST WEST BANCORP INC | COM | 27579R104 | BBG000CR20B1 | 6789693 | 67238 | SH |  | SOLE |  | 67238 | 0 | 0 |
| EASTERN BANKSHARES INC | COM | 27627N105 | BBG00W9KWXC4 | 3063025 | 200591 | SH |  | SOLE |  | 200591 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 | BBG000BLW530 | 9572532 | 128215 | SH |  | SOLE |  | 128215 | 0 | 0 |
| EASTMAN KODAK CO | COM NEW | 277461406 | BBG0057GTG80 | 1991512 | 352480 | SH |  | SOLE |  | 352480 | 0 | 0 |
| EBAY INC. | COM | 278642103 | BBG000C43RR5 | 68685999 | 922455 | SH |  | SOLE |  | 922455 | 0 | 0 |
| ECHOSTAR CORP | NOTE 3.875%11/3 | 278768AB2 | BBG01QQZSJ85 | 31118623 | 26371714 | PRN |  | SOLE |  | 26371714 | 0 | 0 |
| EDISON INTL | COM | 281020107 | BBG000D7RKJ5 | 48728615 | 944353 | SH |  | SOLE |  | 944353 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 | BBG000BBRPL4 | 14375169 | 26875 | SH |  | SOLE |  | 26875 | 0 | 0 |
| EMPLOYERS HLDGS INC | COM | 292218104 | BBG000DJX7Q3 | 2778619 | 58894 | SH |  | SOLE |  | 58894 | 0 | 0 |
| ENACT HLDGS INC | COM | 29249E109 | BBG00WSNP4R3 | 2335472 | 62866 | SH |  | SOLE |  | 62866 | 0 | 0 |
| ENCORE CAP GROUP INC | COM | 292554102 | BBG000F369C7 | 2034907 | 52568 | SH |  | SOLE |  | 52568 | 0 | 0 |
| ENCORE CAP GROUP INC | NOTE 4.000% 3/1 | 292554AP7 | BBG01FP7BHT1 | 12268750 | 13000000 | PRN |  | SOLE |  | 13000000 | 0 | 0 |
| ENERGIZER HLDGS INC NEW | COM | 29272W109 | BBG006FCB019 | 6358020 | 315378 | SH |  | SOLE |  | 315378 | 0 | 0 |
| ENOVA INTL INC | COM | 29357K103 | BBG0022PSJ14 | 7719860 | 69224 | SH |  | SOLE |  | 69224 | 0 | 0 |
| ENTERPRISE FINL SVCS CORP | COM | 293712105 | BBG000DZN289 | 3913478 | 71025 | SH |  | SOLE |  | 71025 | 0 | 0 |
| EOG RES INC | COM | 26875P101 | BBG000BZ9223 | 100262245 | 838243 | SH |  | SOLE |  | 838243 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 | BBG00J7CBVW8 | 11234642 | 200261 | SH |  | SOLE |  | 200261 | 0 | 0 |
| ETHAN ALLEN INTERIORS INC | COM | 297602104 | BBG000BBVDT8 | 1934294 | 69454 | SH |  | SOLE |  | 69454 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 | BBG000C1XVK6 | 8684187 | 25553 | SH |  | SOLE |  | 25553 | 0 | 0 |
| EVERGY INC | COM | 30034W106 | BBG00H433CR2 | 10459369 | 151739 | SH |  | SOLE |  | 151739 | 0 | 0 |
| EXELIXIS INC | COM | 30161Q104 | BBG000BQ4WF8 | 5943382 | 134847 | SH |  | SOLE |  | 134847 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 | BBG000QY3XZ2 | 13342757 | 79101 | SH |  | SOLE |  | 79101 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 | BBG000BJ5GK2 | 10210751 | 89372 | SH |  | SOLE |  | 89372 | 0 | 0 |
| EZCORP INC | CL A NON VTG | 302301106 | BBG000C93HM1 | 1612759 | 116193 | SH |  | SOLE |  | 116193 | 0 | 0 |
| F N B CORP | COM | 302520101 | BBG000BJ9B29 | 11274160 | 773262 | SH |  | SOLE |  | 773262 | 0 | 0 |
| FARMERS NATIONAL BANC CORP | COM | 309627107 | BBG000D9HD17 | 1130159 | 81955 | SH |  | SOLE |  | 81955 | 0 | 0 |
| FB FINL CORP | COM | 30257X104 | BBG00DM434G9 | 4561937 | 100705 | SH |  | SOLE |  | 100705 | 0 | 0 |
| FEDERATED HERMES INC | CL B | 314211103 | BBG000BP0929 | 6834100 | 154199 | SH |  | SOLE |  | 154199 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG000BJF1Z8 | 56068285 | 246660 | SH |  | SOLE |  | 246660 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 | BBG006N7S6K9 | 7445048 | 132805 | SH |  | SOLE |  | 132805 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 | BBG000BJL3N0 | 22860054 | 555800 | SH |  | SOLE |  | 555800 | 0 | 0 |
| FIRST BANCORP N C | COM | 318910106 | BBG000BJ9RS6 | 1232800 | 27961 | SH |  | SOLE |  | 27961 | 0 | 0 |
| FIRST BANCORP P R | COM NEW | 318672706 | BBG000CYKKX8 | 3899834 | 187222 | SH |  | SOLE |  | 187222 | 0 | 0 |
| FIRST BUSEY CORP | COM NEW | 319383204 | BBG000JNCBF4 | 4383873 | 191561 | SH |  | SOLE |  | 191561 | 0 | 0 |
| FIRST COMWLTH FINL CORP PA | COM | 319829107 | BBG000CND7W0 | 3724590 | 229488 | SH |  | SOLE |  | 229488 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC N | CL A | 31946M103 | BBG000BJCDS3 | 12854008 | 6570 | SH |  | SOLE |  | 6570 | 0 | 0 |
| FIRST FINL BANCORP OH | COM | 320209109 | BBG000BJGW43 | 4972548 | 204969 | SH |  | SOLE |  | 204969 | 0 | 0 |
| FIRST HAWAIIAN INC | COM | 32051X108 | BBG0046LJYT2 | 2712902 | 108690 | SH |  | SOLE |  | 108690 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 | BBG000GHZSZ6 | 7883008 | 371840 | SH |  | SOLE |  | 371840 | 0 | 0 |
| FIRST MERCHANTS CORP | COM | 320817109 | BBG000BBSJ28 | 1541996 | 40261 | SH |  | SOLE |  | 40261 | 0 | 0 |
| FIRSTENERGY CORP | COM | 337932107 | BBG000BB6M98 | 66234262 | 1645163 | SH |  | SOLE |  | 1645163 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 | BBG000BP5YT0 | 7929692 | 158848 | SH |  | SOLE |  | 158848 | 0 | 0 |
| FLUOR CORP NEW | COM | 343412102 | BBG000BB1TH9 | 3688928 | 71951 | SH |  | SOLE |  | 71951 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 | BBG000BJP882 | 96819795 | 2319037 | SH |  | SOLE |  | 2319037 | 0 | 0 |
| FORD MTR CO | COM | 345370860 | BBG000BQPC32 | 27900580 | 2571482 | SH |  | SOLE |  | 2571482 | 0 | 0 |
| FORTUNE BRANDS INNOVATIONS I | COM | 34964C106 | BBG001B4BV87 | 897039 | 17425 | SH |  | SOLE |  | 17425 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 | BBG00JHNJW99 | 10893896 | 194395 | SH |  | SOLE |  | 194395 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 | BBG000BJDB15 | 60240764 | 1389637 | SH |  | SOLE |  | 1389637 | 0 | 0 |
| FRESH DEL MONTE PRODUCE INC | ORD | G36738105 | BBG000JLQGN3 | 6793125 | 209535 | SH |  | SOLE |  | 209535 | 0 | 0 |
| FULGENT GENETICS INC | COM | 359664109 | BBG00DR7LTG2 | 2678035 | 134710 | SH |  | SOLE |  | 134710 | 0 | 0 |
| FULTON FINL CORP PA | COM | 360271100 | BBG000BJZM26 | 6384717 | 353920 | SH |  | SOLE |  | 353920 | 0 | 0 |
| GAP INC | COM | 364760108 | BBG000BKLH74 | 5397321 | 247470 | SH |  | SOLE |  | 247470 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 | BBG000BH2JM1 | 11928697 | 405738 | SH |  | SOLE |  | 405738 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG000BK67C7 | 47324168 | 162258 | SH |  | SOLE |  | 162258 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 | BBG000BKCFC2 | 38035431 | 734133 | SH |  | SOLE |  | 734133 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 | BBG000NDYB67 | 155143088 | 3152674 | SH |  | SOLE |  | 3152674 | 0 | 0 |
| GENESCO INC | COM | 371532102 | BBG000BK5S78 | 765153 | 38860 | SH |  | SOLE |  | 38860 | 0 | 0 |
| GENMAB A/S | SPONSORED ADS | 372303206 | BBG004MPKM64 | 36046928 | 1744769 | SH |  | SOLE |  | 1744769 | 0 | 0 |
| GENPACT LIMITED | SHS | G3922B107 | BBG000RQBFV2 | 4702116 | 106842 | SH |  | SOLE |  | 106842 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 | BBG000BKL348 | 10158014 | 83736 | SH |  | SOLE |  | 83736 | 0 | 0 |
| GENWORTH FINL INC | COM SHS | 37247D106 | BBG000J5Q6L2 | 8167849 | 1049852 | SH |  | SOLE |  | 1049852 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG000CKGBP2 | 77577735 | 699718 | SH |  | SOLE |  | 699718 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 | BBG000CX0P89 | 134405409 | 1679228 | SH |  | SOLE |  | 1679228 | 0 | 0 |
| GLOBAL PMTS INC | NOTE 1.500% 3/0 | 37940XAU6 | BBG01LM394L0 | 23900270 | 26615000 | PRN |  | SOLE |  | 26615000 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 | BBG000BVD6X4 | 6579664 | 52938 | SH |  | SOLE |  | 52938 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG000C6CFJ5 | 122147742 | 172586 | SH |  | SOLE |  | 172586 | 0 | 0 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 | BBG000BKNX95 | 12920958 | 1245994 | SH |  | SOLE |  | 1245994 | 0 | 0 |
| GRAHAM HLDGS CO | COM CL B | 384637104 | BBG000C3FGH9 | 9529824 | 10072 | SH |  | SOLE |  | 10072 | 0 | 0 |
| GRAPHIC PACKAGING HLDG CO | COM | 388689101 | BBG000GQ7K93 | 3888995 | 184575 | SH |  | SOLE |  | 184575 | 0 | 0 |
| GREAT LAKES DREDGE  DOCK CO | COM | 390607109 | BBG000QT43H8 | 3562162 | 292220 | SH |  | SOLE |  | 292220 | 0 | 0 |
| GREAT SOUTHN BANCORP INC | COM | 390905107 | BBG000C2W2R2 | 1533218 | 26084 | SH |  | SOLE |  | 26084 | 0 | 0 |
| GREEN BRICK PARTNERS INC | COM | 392709101 | BBG000QGYG84 | 12223683 | 194397 | SH |  | SOLE |  | 194397 | 0 | 0 |
| GREEN DOT CORP | CL A | 39304D102 | BBG000QDJT53 | 1091906 | 101290 | SH |  | SOLE |  | 101290 | 0 | 0 |
| GREENBRIER COS INC | COM | 393657101 | BBG000CF5097 | 6314054 | 137113 | SH |  | SOLE |  | 137113 | 0 | 0 |
| GREIF INC | CL A | 397624107 | BBG000BLFNC0 | 4524799 | 69623 | SH |  | SOLE |  | 69623 | 0 | 0 |
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 | BBG000BB88K4 | 18904302 | 43288 | SH |  | SOLE |  | 43288 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 | BBG000BLB481 | 57998746 | 1510384 | SH |  | SOLE |  | 1510384 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 | BBG000CZ8W54 | 3798448 | 73019 | SH |  | SOLE |  | 73019 | 0 | 0 |
| HAMILTON INSURANCE GROUP LTD | CL B | G42706104 | BBG01JRQ9QJ3 | 2543636 | 117652 | SH |  | SOLE |  | 117652 | 0 | 0 |
| HANCOCK WHITNEY CORPORATION | COM | 410120109 | BBG000CBC7D8 | 4980024 | 86760 | SH |  | SOLE |  | 86760 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 | BBG000G0Z878 | 37896069 | 298700 | SH |  | SOLE |  | 298700 | 0 | 0 |
| HASBRO INC | COM | 418056107 | BBG000BKVJK4 | 5744968 | 77824 | SH |  | SOLE |  | 77824 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 | BBG000QW7VC1 | 74627114 | 194798 | SH |  | SOLE |  | 194798 | 0 | 0 |
| HEARTLAND EXPRESS INC | COM | 422347104 | BBG000BLJLJ3 | 2344810 | 271390 | SH |  | SOLE |  | 271390 | 0 | 0 |
| HENRY SCHEIN INC | COM | 806407102 | BBG000BNMMJ3 | 5778401 | 79102 | SH |  | SOLE |  | 79102 | 0 | 0 |
| HERITAGE COMM CORP | COM | 426927109 | BBG000C48437 | 122834 | 12370 | SH |  | SOLE |  | 12370 | 0 | 0 |
| HERITAGE INSURANCE HLDGS INC | COM | 42727J102 | BBG006D4PF48 | 1381676 | 55400 | SH |  | SOLE |  | 55400 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 | BBG0135B2214 | 5081350 | 123694 | SH |  | SOLE |  | 123694 | 0 | 0 |
| HILLTOP HOLDINGS INC | COM | 432748101 | BBG000GM73Y2 | 4841007 | 159506 | SH |  | SOLE |  | 159506 | 0 | 0 |
| HOMETRUST BANCSHARES INC | COM | 437872104 | BBG002CV5W70 | 1452930 | 38838 | SH |  | SOLE |  | 38838 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG000H556T9 | 97556227 | 418912 | SH |  | SOLE |  | 418912 | 0 | 0 |
| HOPE BANCORP INC | COM | 43940T109 | BBG000DXHBN4 | 877328 | 81764 | SH |  | SOLE |  | 81764 | 0 | 0 |
| HORACE MANN EDUCATORS CORP N | COM | 440327104 | BBG000BL7VL1 | 3299237 | 76780 | SH |  | SOLE |  | 76780 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 | BBG000BLF8D2 | 1895163 | 62650 | SH |  | SOLE |  | 62650 | 0 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 | BBG000BL8804 | 36999122 | 2408797 | SH |  | SOLE |  | 2408797 | 0 | 0 |
| HOWARD HUGHES HOLDINGS INC | COM | 44267T102 | BBG01HTMDZ54 | 36716355 | 543946 | SH |  | SOLE |  | 543946 | 0 | 0 |
| HUMANA INC | COM | 444859102 | BBG000BLKK03 | 47694625 | 195086 | SH |  | SOLE |  | 195086 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 | BBG000BKWSR6 | 11902902 | 710197 | SH |  | SOLE |  | 710197 | 0 | 0 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 | BBG001KJ2HM9 | 6179927 | 25594 | SH |  | SOLE |  | 25594 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 | BBG000CVRFS4 | 7014759 | 50231 | SH |  | SOLE |  | 50231 | 0 | 0 |
| IAC INC | COM NEW | 44891N208 | BBG00S1LR2C3 | 12130646 | 324870 | SH |  | SOLE |  | 324870 | 0 | 0 |
| ICON PLC | SHS | G4705A100 | BBG000CTSZQ6 | 51120424 | 354775 | SH |  | SOLE |  | 354775 | 0 | 0 |
| INDEPENDENT BK CORP MASS | COM | 453836108 | BBG000BM0597 | 1717578 | 27313 | SH |  | SOLE |  | 27313 | 0 | 0 |
| INDEPENDENT BK CORP MICH | COM NEW | 453838609 | BBG000BLN9N0 | 805000 | 24838 | SH |  | SOLE |  | 24838 | 0 | 0 |
| INGEVITY CORP | COM | 45688C107 | BBG009LM28K6 | 2767197 | 64219 | SH |  | SOLE |  | 64219 | 0 | 0 |
| INGLES MKTS INC | CL A | 457030104 | BBG000BLXDJ5 | 4027292 | 63542 | SH |  | SOLE |  | 63542 | 0 | 0 |
| INGREDION INC | COM | 457187102 | BBG000BXPZB7 | 15634680 | 115283 | SH |  | SOLE |  | 115283 | 0 | 0 |
| INTERNATIONAL BANCSHARES COR | COM | 459044103 | BBG000BS0N59 | 9271741 | 139299 | SH |  | SOLE |  | 139299 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG000BLNNH6 | 144818045 | 491275 | SH |  | SOLE |  | 491275 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 | BBG000C90DH9 | 21405997 | 874428 | SH |  | SOLE |  | 874428 | 0 | 0 |
| INTREPID POTASH INC | COM | 46121Y201 | BBG000V1Y6Q3 | 2068410 | 57890 | SH |  | SOLE |  | 57890 | 0 | 0 |
| INVESCO LTD | SHS | G491BT108 | BBG000BY2Y78 | 1671778 | 106010 | SH |  | SOLE |  | 106010 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 | BBG000BWD2Y0 | 100641 | 515 | SH |  | SOLE |  | 515 | 0 | 0 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 | BBG000JWZ6F0 | 77830 | 589 | SH |  | SOLE |  | 589 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG000CG9VP5 | 40709831 | 209596 | SH |  | SOLE |  | 209596 | 0 | 0 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 | BBG000C16Z27 | 3956621 | 25080 | SH |  | SOLE |  | 25080 | 0 | 0 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 | BBG000BPVKZ4 | 3303607 | 486540 | SH |  | SOLE |  | 486540 | 0 | 0 |
| JABIL INC | COM | 466313103 | BBG000BJNGN9 | 41961131 | 192394 | SH |  | SOLE |  | 192394 | 0 | 0 |
| JAMES RIV GROUP LTD | COM | G5005R107 | BBG007HRJXJ3 | 98741 | 16850 | SH |  | SOLE |  | 16850 | 0 | 0 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 | BBG000G9CGL0 | 28794601 | 271340 | SH |  | SOLE |  | 271340 | 0 | 0 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 | BBG000BNHSP9 | 5467961 | 99981 | SH |  | SOLE |  | 99981 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG000BMHYD1 | 301312664 | 1972587 | SH |  | SOLE |  | 1972587 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 | BBG000C2L2L0 | 7924832 | 30983 | SH |  | SOLE |  | 30983 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG000DMBXR2 | 376394502 | 1298315 | SH |  | SOLE |  | 1298315 | 0 | 0 |
| KEARNY FINL CORP MD | COM | 48716P108 | BBG008N1HXP6 | 84303 | 13050 | SH |  | SOLE |  | 13050 | 0 | 0 |
| KEMPER CORP | COM | 488401100 | BBG000H3GDJ8 | 9083037 | 140735 | SH |  | SOLE |  | 140735 | 0 | 0 |
| KENVUE INC | COM | 49177J102 | BBG01C79X561 | 18876348 | 901880 | SH |  | SOLE |  | 901880 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 | BBG000TJM7F0 | 29298698 | 886228 | SH |  | SOLE |  | 886228 | 0 | 0 |
| KIMBALL ELECTRONICS INC | COM | 49428J109 | BBG0018DT0K6 | 2017035 | 104890 | SH |  | SOLE |  | 104890 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG000BMW2Z0 | 47478043 | 368161 | SH |  | SOLE |  | 368161 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 | BBG0019JZ882 | 39759443 | 1352362 | SH |  | SOLE |  | 1352362 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 | BBG005CPNTQ2 | 18425359 | 713608 | SH |  | SOLE |  | 713608 | 0 | 0 |
| KROGER CO | COM | 501044101 | BBG000BMY992 | 212044066 | 2956142 | SH |  | SOLE |  | 2956142 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 | BBG000BLGFJ9 | 27783289 | 110761 | SH |  | SOLE |  | 110761 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 | BBG01MMT6PL7 | 14410224 | 54894 | SH |  | SOLE |  | 54894 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 | BBG003CVMLQ2 | 4415079 | 85151 | SH |  | SOLE |  | 85151 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 | BBG000JWD753 | 19721038 | 453253 | SH |  | SOLE |  | 453253 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 | BBG000FKJRC5 | 47234145 | 584581 | SH |  | SOLE |  | 584581 | 0 | 0 |
| LAUREATE EDUCATION INC | COMMON STOCK | 518613203 | BBG00B4Z2YX0 | 15241095 | 651886 | SH |  | SOLE |  | 651886 | 0 | 0 |
| LEAR CORP | COM NEW | 521865204 | BBG000PTLGZ1 | 8934009 | 94062 | SH |  | SOLE |  | 94062 | 0 | 0 |
| LEGACY HOUSING CORP | COM | 52472M101 | BBG00MJDR6J9 | 1721254 | 75960 | SH |  | SOLE |  | 75960 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 | BBG000C23PB0 | 23617303 | 149704 | SH |  | SOLE |  | 149704 | 0 | 0 |
| LENDINGCLUB CORP | COM NEW | 52603A208 | BBG001YKDND6 | 2543984 | 211470 | SH |  | SOLE |  | 211470 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 | BBG000BN5HF7 | 17505581 | 158264 | SH |  | SOLE |  | 158264 | 0 | 0 |
| LITHIA MTRS INC | COM | 536797103 | BBG000K3BC83 | 5884824 | 17420 | SH |  | SOLE |  | 17420 | 0 | 0 |
| LKQ CORP | COM | 501889208 | BBG000PXDL44 | 6319606 | 170754 | SH |  | SOLE |  | 170754 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG000C1BW00 | 178018511 | 384373 | SH |  | SOLE |  | 384373 | 0 | 0 |
| LOEWS CORP | COM | 540424108 | BBG000C45984 | 11664652 | 127260 | SH |  | SOLE |  | 127260 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG000BNDN65 | 94274338 | 424908 | SH |  | SOLE |  | 424908 | 0 | 0 |
| LSB INDS INC | COM | 502160104 | BBG000C1C526 | 2412384 | 309280 | SH |  | SOLE |  | 309280 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 | BBG000R8ZVD1 | 12021310 | 50599 | SH |  | SOLE |  | 50599 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 | BBG000D9KWL9 | 69009033 | 355735 | SH |  | SOLE |  | 355735 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 | BBG000CZX2P0 | 38495938 | 995218 | SH |  | SOLE |  | 995218 | 0 | 0 |
| MAGNOLIA OIL  GAS CORP | CL A | 559663109 | BBG00GNC8DL2 | 18109393 | 805578 | SH |  | SOLE |  | 805578 | 0 | 0 |
| MANITOWOC CO INC | COM NEW | 563571405 | BBG000D2M6H4 | 748245 | 62250 | SH |  | SOLE |  | 62250 | 0 | 0 |
| MARCUS CORP DEL | COM | 566330106 | BBG000D6HL06 | 1460750 | 86640 | SH |  | SOLE |  | 86640 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 | BBG000FC7366 | 11119303 | 5567 | SH |  | SOLE |  | 5567 | 0 | 0 |
| MARRIOTT VACATIONS WORLDWIDE | COM | 57164Y107 | BBG001J2R5H3 | 10756763 | 148759 | SH |  | SOLE |  | 148759 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 | BBG000BGYMH7 | 17393249 | 31684 | SH |  | SOLE |  | 31684 | 0 | 0 |
| MASCO CORP | COM | 574599106 | BBG000BNNKG9 | 9838198 | 152862 | SH |  | SOLE |  | 152862 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 | BBG016HSJ6L8 | 4557974 | 147555 | SH |  | SOLE |  | 147555 | 0 | 0 |
| MATSON INC | COM | 57686G105 | BBG000BBK401 | 12831306 | 115234 | SH |  | SOLE |  | 115234 | 0 | 0 |
| MATTEL INC | COM | 577081102 | BBG000BNNYW1 | 4148181 | 210354 | SH |  | SOLE |  | 210354 | 0 | 0 |
| MDU RES GROUP INC | COM | 552690109 | BBG000BNX3R4 | 10690188 | 641283 | SH |  | SOLE |  | 641283 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG000BNWG87 | 108083739 | 1239919 | SH |  | SOLE |  | 1239919 | 0 | 0 |
| MERCANTILE BK CORP | COM | 587376104 | BBG000BP2RV5 | 1659018 | 35747 | SH |  | SOLE |  | 35747 | 0 | 0 |
| MERCHANTS BANCORP IND | COM | 58844R108 | BBG000RMQZS5 | 1925898 | 58237 | SH |  | SOLE |  | 58237 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG000BPD168 | 7839294 | 99031 | SH |  | SOLE |  | 99031 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG000MM2P62 | 12776338 | 17310 | SH |  | SOLE |  | 17310 | 0 | 0 |
| METALLUS INC | COM | 887399103 | BBG0057SF1Z2 | 1137566 | 73820 | SH |  | SOLE |  | 73820 | 0 | 0 |
| METHODE ELECTRS INC | COM | 591520200 | BBG000BNY197 | 125247 | 13170 | SH |  | SOLE |  | 13170 | 0 | 0 |
| METLIFE INC | COM | 59156R108 | BBG000BB6KF5 | 82489448 | 1025733 | SH |  | SOLE |  | 1025733 | 0 | 0 |
| MGIC INVT CORP WIS | COM | 552848103 | BBG000CBMH27 | 14309593 | 513994 | SH |  | SOLE |  | 513994 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 | BBG000C2BXK4 | 25624195 | 745106 | SH |  | SOLE |  | 745106 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG000C5Z1S3 | 55453749 | 449929 | SH |  | SOLE |  | 449929 | 0 | 0 |
| MIDDLEBY CORP | COM | 596278101 | BBG000DQN9R3 | 5017392 | 34843 | SH |  | SOLE |  | 34843 | 0 | 0 |
| MIDLAND STATES BANCORP INC | COM | 597742105 | BBG000G2ZK31 | 813642 | 46977 | SH |  | SOLE |  | 46977 | 0 | 0 |
| MILLER INDS INC TENN | COM NEW | 600551204 | BBG000BXFWH9 | 1762394 | 39640 | SH |  | SOLE |  | 39640 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 | BBG000MBHNC8 | 9755331 | 32747 | SH |  | SOLE |  | 32747 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 | BBG000BS7KS3 | 6051069 | 125828 | SH |  | SOLE |  | 125828 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG000D4LWF6 | 60225876 | 893029 | SH |  | SOLE |  | 893029 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG000BLZRJ2 | 125973493 | 894317 | SH |  | SOLE |  | 894317 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 | BBG000BFXHL6 | 7670905 | 210277 | SH |  | SOLE |  | 210277 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 | BBG000C6W444 | 5774211 | 72659 | SH |  | SOLE |  | 72659 | 0 | 0 |
| MURPHY USA INC | COM | 626755102 | BBG001Z0Q6T5 | 14534964 | 35730 | SH |  | SOLE |  | 35730 | 0 | 0 |
| NATIONAL BK HLDGS CORP | CL A | 633707104 | BBG003D8Y833 | 292831 | 7786 | SH |  | SOLE |  | 7786 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 | BBG000BPYD87 | 5027539 | 59350 | SH |  | SOLE |  | 59350 | 0 | 0 |
| NATURAL GAS SVCS GROUP INC | COM | 63886Q109 | BBG000HGQ5N0 | 242227 | 9385 | SH |  | SOLE |  | 9385 | 0 | 0 |
| NAVIENT CORPORATION | COM | 63938C108 | BBG004MN1R41 | 4171668 | 295863 | SH |  | SOLE |  | 295863 | 0 | 0 |
| NCR ATLEOS CORPORATION | COM SHS | 63001N106 | BBG019Y0WP19 | 3683508 | 129110 | SH |  | SOLE |  | 129110 | 0 | 0 |
| NELNET INC | CL A | 64031N108 | BBG000PYJY93 | 5009644 | 41361 | SH |  | SOLE |  | 41361 | 0 | 0 |
| NETAPP INC | COM | 64110D104 | BBG000FP1N32 | 28499035 | 267471 | SH |  | SOLE |  | 267471 | 0 | 0 |
| NEW FORTRESS ENERGY INC | COM CL A | 644393100 | BBG00MJH9LC4 | 4180531 | 1259196 | SH |  | SOLE |  | 1259196 | 0 | 0 |
| NEWELL BRANDS INC | COM | 651229106 | BBG000BQC9V2 | 7882904 | 1459797 | SH |  | SOLE |  | 1459797 | 0 | 0 |
| NEWMARKET CORP | COM | 651587107 | BBG000BJ5SS8 | 21798706 | 31553 | SH |  | SOLE |  | 31553 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 | BBG000BPWXK1 | 42591847 | 731065 | SH |  | SOLE |  | 731065 | 0 | 0 |
| NEWS CORP NEW | CL A | 65249B109 | BBG0035LY913 | 7322532 | 246384 | SH |  | SOLE |  | 246384 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 | BBG000DZJVH0 | 20019481 | 115753 | SH |  | SOLE |  | 115753 | 0 | 0 |
| NICOLET BANKSHARES INC | COM | 65406E102 | BBG000QK0TG5 | 2132376 | 17269 | SH |  | SOLE |  | 17269 | 0 | 0 |
| NMI HLDGS INC | COM | 629209305 | BBG005DLMMZ6 | 7797767 | 184825 | SH |  | SOLE |  | 184825 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG000BQ5DS5 | 34930690 | 136464 | SH |  | SOLE |  | 136464 | 0 | 0 |
| NORTHERN OIL  GAS INC | COM | 665531307 | BBG000DRTDR6 | 4929300 | 173873 | SH |  | SOLE |  | 173873 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 | BBG000BQ74K1 | 23020119 | 181561 | SH |  | SOLE |  | 181561 | 0 | 0 |
| NORTHRIM BANCORP INC | COM | 666762109 | BBG000C5QMH9 | 237720 | 2549 | SH |  | SOLE |  | 2549 | 0 | 0 |
| NORTHWEST BANCSHARES INC MD | COM | 667340103 | BBG000BG8NP5 | 2891628 | 226262 | SH |  | SOLE |  | 226262 | 0 | 0 |
| NORTHWEST NAT HLDG CO | COM | 66765N105 | BBG00KXKRKY3 | 5530494 | 139237 | SH |  | SOLE |  | 139237 | 0 | 0 |
| NORTHWESTERN ENERGY GROUP IN | COM NEW | 668074305 | BBG000Q1NMJ4 | 10899968 | 212475 | SH |  | SOLE |  | 212475 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 | BBG000D8RG11 | 147660857 | 919547 | SH |  | SOLE |  | 919547 | 0 | 0 |
| NUCOR CORP | COM | 670346105 | BBG000BQ8KV2 | 19641114 | 151622 | SH |  | SOLE |  | 151622 | 0 | 0 |
| NVR INC | COM | 62944T105 | BBG000BQBYR3 | 39195698 | 5307 | SH |  | SOLE |  | 5307 | 0 | 0 |
| NWPX INFRASTRUCTURE INC | COM | 667746101 | BBG000FLVLF9 | 1740382 | 42438 | SH |  | SOLE |  | 42438 | 0 | 0 |
| OCEANFIRST FINL CORP | COM | 675234108 | BBG000GYLFT9 | 696669 | 39561 | SH |  | SOLE |  | 39561 | 0 | 0 |
| OFG BANCORP | COM | 67103X102 | BBG000F5VMF2 | 4533248 | 105917 | SH |  | SOLE |  | 105917 | 0 | 0 |
| OGE ENERGY CORP | COM | 670837103 | BBG000BQGLS5 | 5072190 | 114290 | SH |  | SOLE |  | 114290 | 0 | 0 |
| OIL STS INTL INC | COM | 678026105 | BBG000BDDN94 | 307718 | 57410 | SH |  | SOLE |  | 57410 | 0 | 0 |
| OLD REP INTL CORP | COM | 680223104 | BBG000C4PLF7 | 24226080 | 630231 | SH |  | SOLE |  | 630231 | 0 | 0 |
| OLD SECOND BANCORP INC ILL | COM | 680277100 | BBG000BLFSZ4 | 1730005 | 97520 | SH |  | SOLE |  | 97520 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 | BBG000DV7MX4 | 69646024 | 1328869 | SH |  | SOLE |  | 1328869 | 0 | 0 |
| OPPENHEIMER HLDGS INC | CL A NON VTG | 683797104 | BBG000F006R9 | 1634911 | 24858 | SH |  | SOLE |  | 24858 | 0 | 0 |
| ORGANON  CO | COMMON STOCK | 68622V106 | BBG00ZQRGW24 | 21902220 | 2262626 | SH |  | SOLE |  | 2262626 | 0 | 0 |
| ORIGIN BANCORP INC | COM | 68621T102 | BBG000BFNLP4 | 1029634 | 28809 | SH |  | SOLE |  | 28809 | 0 | 0 |
| OSHKOSH CORP | COM | 688239201 | BBG000CC53X1 | 4368906 | 38479 | SH |  | SOLE |  | 38479 | 0 | 0 |
| OTTER TAIL CORP | COM | 689648103 | BBG000BQNM78 | 5681148 | 73695 | SH |  | SOLE |  | 73695 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 | BBG00R2NHQ65 | 6542393 | 171942 | SH |  | SOLE |  | 171942 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 | BBG000M44VW8 | 8584136 | 62421 | SH |  | SOLE |  | 62421 | 0 | 0 |
| PACCAR INC | COM | 693718108 | BBG000BQVTF5 | 32615656 | 343106 | SH |  | SOLE |  | 343106 | 0 | 0 |
| PACIFIC PREMIER BANCORP | COM | 69478X105 | BBG000BNS256 | 1372854 | 65095 | SH |  | SOLE |  | 65095 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 | BBG000BB8SW7 | 11070118 | 58743 | SH |  | SOLE |  | 58743 | 0 | 0 |
| PATHWARD FINANCIAL INC | COM | 59100U108 | BBG000BKLTP8 | 4466166 | 56448 | SH |  | SOLE |  | 56448 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXV6 | 135088194 | 1817656 | SH |  | SOLE |  | 1817656 | 0 | 0 |
| PEDIATRIX MEDICAL GROUP INC | COM | 58502B106 | BBG000H8LGK2 | 5310088 | 370041 | SH |  | SOLE |  | 370041 | 0 | 0 |
| PENNYMAC FINL SVCS INC NEW | COM | 70932M107 | BBG00LMYX123 | 11162669 | 112030 | SH |  | SOLE |  | 112030 | 0 | 0 |
| PENSKE AUTOMOTIVE GRP INC | COM | 70959W103 | BBG000H6K1B0 | 7543490 | 43906 | SH |  | SOLE |  | 43906 | 0 | 0 |
| PEOPLES BANCORP INC | COM | 709789101 | BBG000BDPPR6 | 2428327 | 79513 | SH |  | SOLE |  | 79513 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG000DH7JK6 | 105565452 | 799496 | SH |  | SOLE |  | 799496 | 0 | 0 |
| PERDOCEO ED CORP | COM | 71363P106 | BBG000BDCQ25 | 7564695 | 231407 | SH |  | SOLE |  | 231407 | 0 | 0 |
| PERRIGO CO PLC | SHS | G97822103 | BBG000CNFQW6 | 6466320 | 242003 | SH |  | SOLE |  | 242003 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG000BR2B91 | 39694794 | 1637574 | SH |  | SOLE |  | 1637574 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4N9 | 31755632 | 266183 | SH |  | SOLE |  | 266183 | 0 | 0 |
| PHINIA INC | COMMON STOCK | 71880K101 | BBG01F6N6NM7 | 6378932 | 143379 | SH |  | SOLE |  | 143379 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 | BBG000BFLXV3 | 3911686 | 86965 | SH |  | SOLE |  | 86965 | 0 | 0 |
| PITNEY BOWES INC | COM | 724479100 | BBG000BQTMJ9 | 5889098 | 539789 | SH |  | SOLE |  | 539789 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG000BRD0D8 | 36314243 | 194798 | SH |  | SOLE |  | 194798 | 0 | 0 |
| PONCE FINANCIAL GROUP INC | COMMON STOCK | 732344106 | BBG014XDMDV8 | 157222 | 11360 | SH |  | SOLE |  | 11360 | 0 | 0 |
| PORTLAND GEN ELEC CO | COM NEW | 736508847 | BBG000BCRMW7 | 13472177 | 331582 | SH |  | SOLE |  | 331582 | 0 | 0 |
| PPG INDS INC | COM | 693506107 | BBG000BRJ809 | 33392223 | 293558 | SH |  | SOLE |  | 293558 | 0 | 0 |
| PPL CORP | COM | 69351T106 | BBG000BRJL00 | 16445631 | 485265 | SH |  | SOLE |  | 485265 | 0 | 0 |
| PREFERRED BK LOS ANGELES CA | COM NEW | 740367404 | BBG000BRF6K5 | 2897440 | 33479 | SH |  | SOLE |  | 33479 | 0 | 0 |
| PREMIER INC | CL A | 74051N102 | BBG000G7QX50 | 8749346 | 398967 | SH |  | SOLE |  | 398967 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 | BBG000BVMPN3 | 10641055 | 110270 | SH |  | SOLE |  | 110270 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 | BBG000T8ZF80 | 15541993 | 56791 | SH |  | SOLE |  | 56791 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 | BBG000NSCNT7 | 10659109 | 134195 | SH |  | SOLE |  | 134195 | 0 | 0 |
| PROASSURANCE CORP | COM | 74267C106 | BBG000FBWYH0 | 2199214 | 96330 | SH |  | SOLE |  | 96330 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG000BR2TH3 | 24832412 | 155865 | SH |  | SOLE |  | 155865 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 | BBG000BR37X2 | 68144569 | 255357 | SH |  | SOLE |  | 255357 | 0 | 0 |
| PROVIDENT FINL SVCS INC | COM | 74386T105 | BBG000P23KW4 | 2661229 | 151810 | SH |  | SOLE |  | 151810 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 | BBG000HCJMF9 | 19519269 | 181676 | SH |  | SOLE |  | 181676 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 | BBG000BQZMH4 | 25732900 | 305689 | SH |  | SOLE |  | 305689 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 | BBG000BR54L0 | 42317829 | 401269 | SH |  | SOLE |  | 401269 | 0 | 0 |
| QCR HOLDINGS INC | COM | 74727A104 | BBG000BYZSM8 | 2542787 | 37449 | SH |  | SOLE |  | 37449 | 0 | 0 |
| QUAD / GRAPHICS INC | COM CL A | 747301109 | BBG000FC3ZL2 | 196055 | 34700 | SH |  | SOLE |  | 34700 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG000CGC1X8 | 114106605 | 716480 | SH |  | SOLE |  | 716480 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 | BBG000BN84F3 | 14159874 | 78828 | SH |  | SOLE |  | 78828 | 0 | 0 |
| RADIAN GROUP INC | COM | 750236101 | BBG000BMWV95 | 12747730 | 353907 | SH |  | SOLE |  | 353907 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 | BBG000BS0ZF1 | 13075476 | 47672 | SH |  | SOLE |  | 47672 | 0 | 0 |
| RANGE RES CORP | COM | 75281A109 | BBG000FVXD63 | 6336345 | 155799 | SH |  | SOLE |  | 155799 | 0 | 0 |
| RANGER ENERGY SVCS INC | COM CL A | 75282U104 | BBG00GSFNCD4 | 255397 | 21390 | SH |  | SOLE |  | 21390 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 | BBG000BS73J1 | 18565899 | 121053 | SH |  | SOLE |  | 121053 | 0 | 0 |
| REGAL REXNORD CORPORATION | COM | 758750103 | BBG000BRXTR8 | 57709591 | 398107 | SH |  | SOLE |  | 398107 | 0 | 0 |
| REGIONAL MGMT CORP | COM | 75902K106 | BBG001PJFM76 | 387909 | 13280 | SH |  | SOLE |  | 13280 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 | BBG000Q3JN03 | 19363546 | 823280 | SH |  | SOLE |  | 823280 | 0 | 0 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 | BBG000BDLCQ0 | 6322130 | 31872 | SH |  | SOLE |  | 31872 | 0 | 0 |
| RELIANCE INC | COM | 759509102 | BBG000CJ2181 | 11032016 | 35145 | SH |  | SOLE |  | 35145 | 0 | 0 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 | BBG000BFVZ83 | 7051387 | 29030 | SH |  | SOLE |  | 29030 | 0 | 0 |
| RENASANT CORP | COM | 75970E107 | BBG000BR40B0 | 3091489 | 86042 | SH |  | SOLE |  | 86042 | 0 | 0 |
| RESIDEO TECHNOLOGIES INC | COM | 76118Y104 | BBG00HY28K89 | 14108076 | 639532 | SH |  | SOLE |  | 639532 | 0 | 0 |
| REYNOLDS CONSUMER PRODS INC | COM | 76171L106 | BBG00QVJVYB5 | 1812668 | 84625 | SH |  | SOLE |  | 84625 | 0 | 0 |
| RIGEL PHARMACEUTICALS INC | COM | 766559702 | BBG000BPWTW7 | 1439775 | 76870 | SH |  | SOLE |  | 76870 | 0 | 0 |
| RILEY EXPLORATION PERMIAN IN | COM | 76665T102 | BBG000H69NK5 | 2485555 | 94760 | SH |  | SOLE |  | 94760 | 0 | 0 |
| ROBERT HALF INC. | COM | 770323103 | BBG000BS5DR2 | 4034435 | 98281 | SH |  | SOLE |  | 98281 | 0 | 0 |
| ROIVANT SCIENCES LTD | SHS | G76279101 | BBG007STW2B8 | 5002708 | 443896 | SH |  | SOLE |  | 443896 | 0 | 0 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 | BBG00V1L5YZ5 | 45405186 | 1260205 | SH |  | SOLE |  | 1260205 | 0 | 0 |
| RPC INC | COM | 749660106 | BBG000BS3047 | 4465040 | 943983 | SH |  | SOLE |  | 943983 | 0 | 0 |
| RYDER SYS INC | COM | 783549108 | BBG000BRVP70 | 1452147 | 9133 | SH |  | SOLE |  | 9133 | 0 | 0 |
| RYERSON HLDG CORP | COM | 783754104 | BBG000Q7V224 | 3002113 | 139180 | SH |  | SOLE |  | 139180 | 0 | 0 |
| S  T BANCORP INC | COM | 783859101 | BBG000CKB2S4 | 3114704 | 82356 | SH |  | SOLE |  | 82356 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG000BN2DC2 | 74909034 | 274704 | SH |  | SOLE |  | 274704 | 0 | 0 |
| SANOFI | SPONSORED ADR | 80105N105 | BBG000BBD5N1 | 35746840 | 739947 | SH |  | SOLE |  | 739947 | 0 | 0 |
| SAREPTA THERAPEUTICS INC | COM | 803607100 | BBG000BCJ161 | 413871 | 24203 | SH |  | SOLE |  | 24203 | 0 | 0 |
| SCANSOURCE INC | COM | 806037107 | BBG000BHTPZ4 | 3131485 | 74898 | SH |  | SOLE |  | 74898 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 | BBG000BT41Q8 | 44323258 | 1311339 | SH |  | SOLE |  | 1311339 | 0 | 0 |
| SCIENCE APPLICATIONS INTL CO | COM | 808625107 | BBG003BW05K6 | 689173 | 6120 | SH |  | SOLE |  | 6120 | 0 | 0 |
| SEACOAST BKG CORP FLA | COM NEW | 811707801 | BBG000KK3464 | 1570252 | 56852 | SH |  | SOLE |  | 56852 | 0 | 0 |
| SEALED AIR CORP NEW | COM | 81211K100 | BBG000C22QV7 | 19656419 | 633465 | SH |  | SOLE |  | 633465 | 0 | 0 |
| SEI INVTS CO | COM | 784117103 | BBG000BSQLT9 | 13890289 | 154577 | SH |  | SOLE |  | 154577 | 0 | 0 |
| SEMPRA | COM | 816851109 | BBG000C2ZCH8 | 50471003 | 666108 | SH |  | SOLE |  | 666108 | 0 | 0 |
| SENECA FOODS CORP NEW | CL A | 817070501 | BBG000DQ1TN7 | 1833753 | 18079 | SH |  | SOLE |  | 18079 | 0 | 0 |
| SERVICE CORP INTL | COM | 817565104 | BBG000BTHH16 | 4217090 | 51807 | SH |  | SOLE |  | 51807 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6G2 | 57789852 | 820762 | SH |  | SOLE |  | 820762 | 0 | 0 |
| SHENANDOAH TELECOMMUNICATION | COM | 82312B106 | BBG000BTC2N0 | 1317097 | 96420 | SH |  | SOLE |  | 96420 | 0 | 0 |
| SIERRA BANCORP | COM | 82620P102 | BBG000BDJ1L2 | 243220 | 8192 | SH |  | SOLE |  | 8192 | 0 | 0 |
| SIGNET JEWELERS LIMITED | SHS | G81276100 | BBG000C4ZZ10 | 5762761 | 72442 | SH |  | SOLE |  | 72442 | 0 | 0 |
| SIMMONS 1ST NATL CORP | CL A $1 PAR | 828730200 | BBG000BSTBM5 | 3417654 | 180256 | SH |  | SOLE |  | 180256 | 0 | 0 |
| SIRIUSPOINT LTD | COM | G8192H106 | BBG004TYNXX1 | 7518425 | 368731 | SH |  | SOLE |  | 368731 | 0 | 0 |
| SITIO ROYALTIES CORP | CLASS A COM | 82983N108 | BBG01C36Y855 | 4577576 | 249052 | SH |  | SOLE |  | 249052 | 0 | 0 |
| SKYWEST INC | COM | 830879102 | BBG000BT36X0 | 14565621 | 141455 | SH |  | SOLE |  | 141455 | 0 | 0 |
| SLM CORP | COM | 78442P106 | BBG000BBCQD7 | 2560440 | 78086 | SH |  | SOLE |  | 78086 | 0 | 0 |
| SMARTFINANCIAL INC | COM NEW | 83190L208 | BBG000BP08R4 | 876895 | 25959 | SH |  | SOLE |  | 25959 | 0 | 0 |
| SMITH A O CORP | COM | 831865209 | BBG000BC1L02 | 7218470 | 110088 | SH |  | SOLE |  | 110088 | 0 | 0 |
| SNAP INC | NOTE 0.500% 5/0 | 83304AAK2 | BBG01MS1WN29 | 16846750 | 19750000 | PRN |  | SOLE |  | 19750000 | 0 | 0 |
| SNAP ON INC | COM | 833034101 | BBG000BT7JW9 | 12934508 | 41566 | SH |  | SOLE |  | 41566 | 0 | 0 |
| SONIC AUTOMOTIVE INC | CL A | 83545G102 | BBG000BBMNG0 | 7550827 | 94468 | SH |  | SOLE |  | 94468 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 | BBG000BT9DW0 | 25620937 | 279004 | SH |  | SOLE |  | 279004 | 0 | 0 |
| SOUTHERN MO BANCORP INC | COM | 843380106 | BBG000C3ZNH2 | 1365775 | 24932 | SH |  | SOLE |  | 24932 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 | BBG000BNJHS8 | 12048670 | 371414 | SH |  | SOLE |  | 371414 | 0 | 0 |
| STANDARD MTR PRODS INC | COM | 853666105 | BBG000BT68C6 | 2904883 | 94560 | SH |  | SOLE |  | 94560 | 0 | 0 |
| STATE STR CORP | COM | 857477103 | BBG000BKFBD7 | 18321212 | 172289 | SH |  | SOLE |  | 172289 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 | BBG000HGYNZ9 | 22552674 | 176179 | SH |  | SOLE |  | 176179 | 0 | 0 |
| STEELCASE INC | CL A | 858155203 | BBG000BLBGS2 | 3078832 | 295190 | SH |  | SOLE |  | 295190 | 0 | 0 |
| STELLAR BANCORP INC | COM | 858927106 | BBG00HZ69KP9 | 1012484 | 36186 | SH |  | SOLE |  | 36186 | 0 | 0 |
| STIFEL FINL CORP | COM | 860630102 | BBG000BSS5C0 | 5318725 | 51250 | SH |  | SOLE |  | 51250 | 0 | 0 |
| SUN CTRY AIRLS HLDGS INC | COM | 866683105 | BBG00Z6F8CB5 | 2688753 | 228830 | SH |  | SOLE |  | 228830 | 0 | 0 |
| SUNCOKE ENERGY INC | COM | 86722A103 | BBG000R1YXQ9 | 3128143 | 364161 | SH |  | SOLE |  | 364161 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 | BBG00658F3P3 | 24719361 | 370383 | SH |  | SOLE |  | 370383 | 0 | 0 |
| SYSCO CORP | COM | 871829107 | BBG000BTVJ25 | 63951069 | 844350 | SH |  | SOLE |  | 844350 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG000BD8ZK0 | 57003003 | 251680 | SH |  | SOLE |  | 251680 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 | BBG01GWQVVD3 | 2943465 | 10123 | SH |  | SOLE |  | 10123 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 | BBG000BY29C7 | 12653421 | 144100 | SH |  | SOLE |  | 144100 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 | BBG0015XMW40 | 8995758 | 51676 | SH |  | SOLE |  | 51676 | 0 | 0 |
| TARGET CORP | COM | 87612E106 | BBG000H8TVT2 | 34862219 | 353393 | SH |  | SOLE |  | 353393 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 | BBG000CL9JV4 | 7029260 | 51800 | SH |  | SOLE |  | 51800 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 | BBG00DL8NMV2 | 8719623 | 253183 | SH |  | SOLE |  | 253183 | 0 | 0 |
| TEGNA INC | COM | 87901J105 | BBG000BK5DP1 | 11773112 | 702453 | SH |  | SOLE |  | 702453 | 0 | 0 |
| TEJON RANCH CO | COM | 879080109 | BBG000BVK3V5 | 1987576 | 117192 | SH |  | SOLE |  | 117192 | 0 | 0 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 | BBG000CPHYL4 | 10850048 | 61648 | SH |  | SOLE |  | 61648 | 0 | 0 |
| TEREX CORP NEW | COM | 880779103 | BBG000C7B436 | 5390874 | 115461 | SH |  | SOLE |  | 115461 | 0 | 0 |
| TEXAS CAP BANCSHARES INC | COM | 88224Q107 | BBG000DN4ZT1 | 3440958 | 43337 | SH |  | SOLE |  | 43337 | 0 | 0 |
| TEXTRON INC | COM | 883203101 | BBG000BVVQQ8 | 10397876 | 129504 | SH |  | SOLE |  | 129504 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 | BBG00KXRCDP0 | 57697450 | 174534 | SH |  | SOLE |  | 174534 | 0 | 0 |
| THIRD COAST BANCSHARES INC | COM | 88422P109 | BBG009W8YNW4 | 247965 | 7590 | SH |  | SOLE |  | 7590 | 0 | 0 |
| TITAN INTL INC ILL | COM | 88830M102 | BBG000BBNFG6 | 2835650 | 276110 | SH |  | SOLE |  | 276110 | 0 | 0 |
| TITAN MACHY INC | COM | 88830R101 | BBG000RWSF05 | 1999423 | 100930 | SH |  | SOLE |  | 100930 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 | BBG000NDV1D4 | 104916123 | 440343 | SH |  | SOLE |  | 440343 | 0 | 0 |
| TOLL BROTHERS INC | COM | 889478103 | BBG000BVHBM1 | 19559143 | 171376 | SH |  | SOLE |  | 171376 | 0 | 0 |
| TOPBUILD CORP | COM | 89055F103 | BBG0077VS2C0 | 7356992 | 22725 | SH |  | SOLE |  | 22725 | 0 | 0 |
| TOWNEBANK PORTSMOUTH VA | COM | 89214P109 | BBG000BBSC23 | 1727867 | 50552 | SH |  | SOLE |  | 50552 | 0 | 0 |
| TRAVEL PLUS LEISURE CO | COM | 894164102 | BBG000PV2L86 | 15044315 | 291500 | SH |  | SOLE |  | 291500 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG000BJ81C1 | 55090232 | 205914 | SH |  | SOLE |  | 205914 | 0 | 0 |
| TRI POINTE HOMES INC | COM | 87265H109 | BBG0016YQTR5 | 11109366 | 347711 | SH |  | SOLE |  | 347711 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 | BBG000BNPS52 | 6606917 | 86956 | SH |  | SOLE |  | 86956 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 | BBG000BYYLS8 | 19835801 | 461405 | SH |  | SOLE |  | 461405 | 0 | 0 |
| TRUSTCO BK CORP N Y | COM NEW | 898349204 | BBG000BVNVQ6 | 1210539 | 36222 | SH |  | SOLE |  | 36222 | 0 | 0 |
| TRUSTMARK CORP | COM | 898402102 | BBG000C3SB31 | 891228 | 24444 | SH |  | SOLE |  | 24444 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 | BBG000DKCC19 | 42412645 | 758181 | SH |  | SOLE |  | 758181 | 0 | 0 |
| U HAUL HOLDING COMPANY | COM | 023586100 | BBG000BCFXT0 | 552731 | 9127 | SH |  | SOLE |  | 9127 | 0 | 0 |
| U HAUL HOLDING COMPANY | COM SER N | 023586506 | BBG01B6SGB59 | 6314858 | 116146 | SH |  | SOLE |  | 116146 | 0 | 0 |
| UFP INDUSTRIES INC | COM | 90278Q108 | BBG000BL0T06 | 3576264 | 35993 | SH |  | SOLE |  | 35993 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 | BBG00FWQ4VD6 | 13677653 | 29237 | SH |  | SOLE |  | 29237 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 | BBG000BW3299 | 19392293 | 84285 | SH |  | SOLE |  | 84285 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 | BBG000M65M61 | 17108346 | 214848 | SH |  | SOLE |  | 214848 | 0 | 0 |
| UNITED BANKSHARES INC WEST V | COM | 909907107 | BBG000BVXC87 | 4604461 | 126392 | SH |  | SOLE |  | 126392 | 0 | 0 |
| UNITED CMNTY BKS BLAIRSVLE G | COM | 90984P303 | BBG000BL7GB5 | 3306064 | 110979 | SH |  | SOLE |  | 110979 | 0 | 0 |
| UNITED FIRE GROUP INC | COM | 910340108 | BBG000BVY6C4 | 1282603 | 44690 | SH |  | SOLE |  | 44690 | 0 | 0 |
| UNITED NAT FOODS INC | COM | 911163103 | BBG000BXB1M5 | 4354704 | 186817 | SH |  | SOLE |  | 186817 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG000L9CV04 | 31795192 | 314991 | SH |  | SOLE |  | 314991 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 | BBG000BXMFC3 | 32074498 | 42573 | SH |  | SOLE |  | 42573 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 | BBG000BV4XJ1 | 7686900 | 26751 | SH |  | SOLE |  | 26751 | 0 | 0 |
| UNIVERSAL CORP VA | COM | 913456109 | BBG000BW93R1 | 6195629 | 106381 | SH |  | SOLE |  | 106381 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 | BBG000CB8Q50 | 15096498 | 83337 | SH |  | SOLE |  | 83337 | 0 | 0 |
| UNIVERSAL INS HLDGS INC | COM | 91359V107 | BBG000B9YY14 | 1479673 | 53360 | SH |  | SOLE |  | 53360 | 0 | 0 |
| UNUM GROUP | COM | 91529Y106 | BBG000BW2QX0 | 7824190 | 96882 | SH |  | SOLE |  | 96882 | 0 | 0 |
| UPBOUND GROUP INC | COM | 76009N100 | BBG000BHQJX3 | 3892935 | 155097 | SH |  | SOLE |  | 155097 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 | BBG000FFDM15 | 25470954 | 562894 | SH |  | SOLE |  | 562894 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879Q109 | BBG000BCMWM1 | 1964282 | 12501 | SH |  | SOLE |  | 12501 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 | BBG000BBGGQ1 | 58934433 | 438435 | SH |  | SOLE |  | 438435 | 0 | 0 |
| VANDA PHARMACEUTICALS INC | COM | 921659108 | BBG000HT5MG6 | 185921 | 39390 | SH |  | SOLE |  | 39390 | 0 | 0 |
| VERITEX HLDGS INC | COM | 923451108 | BBG000QG9SX8 | 963769 | 36926 | SH |  | SOLE |  | 36926 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG000HS77T5 | 178672950 | 4129257 | SH |  | SOLE |  | 4129257 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 | BBG00Y4RQNH4 | 39946203 | 4473259 | SH |  | SOLE |  | 4473259 | 0 | 0 |
| VICTORIAS SECRET AND CO | COMMON STOCK | 926400102 | BBG01103B471 | 6396012 | 345357 | SH |  | SOLE |  | 345357 | 0 | 0 |
| VICTORY CAP HLDGS INC | COM CL A | 92645B103 | BBG0074JPF34 | 9396673 | 147584 | SH |  | SOLE |  | 147584 | 0 | 0 |
| VILLAGE SUPER MKT INC | CL A NEW | 927107409 | BBG000BWGK40 | 1182220 | 30707 | SH |  | SOLE |  | 30707 | 0 | 0 |
| VIRTUS INVT PARTNERS INC | COM | 92828Q109 | BBG000DMFQS2 | 2465770 | 13593 | SH |  | SOLE |  | 13593 | 0 | 0 |
| VISHAY INTERTECHNOLOGY INC | COM | 928298108 | BBG000BWKB81 | 3451121 | 217325 | SH |  | SOLE |  | 217325 | 0 | 0 |
| VISTEON CORP | COM NEW | 92839U206 | BBG0016T3GQ0 | 10948102 | 117343 | SH |  | SOLE |  | 117343 | 0 | 0 |
| VONTIER CORPORATION | COM | 928881101 | BBG00RRGSJR4 | 52148999 | 1413252 | SH |  | SOLE |  | 1413252 | 0 | 0 |
| VOYA FINANCIAL INC | COM | 929089100 | BBG000BCWKD6 | 1835350 | 25850 | SH |  | SOLE |  | 25850 | 0 | 0 |
| WAFD INC | COM | 938824109 | BBG000BWQTD0 | 3671419 | 125390 | SH |  | SOLE |  | 125390 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG000BWXBC2 | 44236748 | 452411 | SH |  | SOLE |  | 452411 | 0 | 0 |
| WARRIOR MET COAL INC | COM | 93627C101 | BBG00GD1JMV4 | 7574187 | 165267 | SH |  | SOLE |  | 165267 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 | BBG000BWMX63 | 4698548 | 86054 | SH |  | SOLE |  | 86054 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 | BBG000BWP7D9 | 8149795 | 78213 | SH |  | SOLE |  | 78213 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG000BWQFY7 | 251450931 | 3138429 | SH |  | SOLE |  | 3138429 | 0 | 0 |
| WESBANCO INC | COM | 950810101 | BBG000BX0BJ9 | 1263081 | 39933 | SH |  | SOLE |  | 39933 | 0 | 0 |
| WESCO INTL INC | COM | 95082P105 | BBG000D0FNV3 | 7820255 | 42226 | SH |  | SOLE |  | 42226 | 0 | 0 |
| WESTAMERICA BANCORPORATION | COM | 957090103 | BBG000DD3KP1 | 2794310 | 57686 | SH |  | SOLE |  | 57686 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 | BBG000BB5373 | 3077426 | 365490 | SH |  | SOLE |  | 365490 | 0 | 0 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 | BBG000G7PNS8 | 6331709 | 3526 | SH |  | SOLE |  | 3526 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 | BBG000BWVCP8 | 43859721 | 698292 | SH |  | SOLE |  | 698292 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 | BBG000FSMWC3 | 13118448 | 80299 | SH |  | SOLE |  | 80299 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 | BBG000DB3KT1 | 92011607 | 300201 | SH |  | SOLE |  | 300201 | 0 | 0 |
| WINNEBAGO INDS INC | NOTE 3.250% 1/1 | 974637AF7 | BBG01L15DLQ0 | 12296840 | 14216000 | PRN |  | SOLE |  | 14216000 | 0 | 0 |
| WK KELLOGG CO | COM SHS | 92942W107 | BBG018CYVVW5 | 2420361 | 151842 | SH |  | SOLE |  | 151842 | 0 | 0 |
| WORLD ACCEP CORPORATION | COM | 981419104 | BBG000C3G9J2 | 1545523 | 9360 | SH |  | SOLE |  | 9360 | 0 | 0 |
| WORLD KINECT CORPORATION | COM | 981475106 | BBG000BM3CJ8 | 7033266 | 248087 | SH |  | SOLE |  | 248087 | 0 | 0 |
| WSFS FINL CORP | COM | 929328102 | BBG000BX1C88 | 4792645 | 87139 | SH |  | SOLE |  | 87139 | 0 | 0 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 | BBG00HCY3Q67 | 11637231 | 143298 | SH |  | SOLE |  | 143298 | 0 | 0 |
| WYNN RESORTS LTD | COM | 983134107 | BBG000LD9JQ8 | 6373119 | 68038 | SH |  | SOLE |  | 68038 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 | BBG000BCTQ65 | 63286147 | 929312 | SH |  | SOLE |  | 929312 | 0 | 0 |
| XP INC | CL A | G98239109 | BBG00QVJYGM9 | 3134434 | 155170 | SH |  | SOLE |  | 155170 | 0 | 0 |
| XPERI INC | COMMON STOCK | 98423J101 | BBG019FGSSM1 | 1571717 | 198700 | SH |  | SOLE |  | 198700 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 | BBG000BKPL53 | 11888403 | 130341 | SH |  | SOLE |  | 130341 | 0 | 0 |
| ZIONS BANCORPORATION N A | COM | 989701107 | BBG000BX9WL1 | 2299695 | 44276 | SH |  | SOLE |  | 44276 | 0 | 0 |

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