# EDGAR Filing Document

**Accession Number:** 0001217541
**File Stem:** 0001217541-23-000002
**Filing Date:** 2023-2
**Character Count:** 21411
**Document Hash:** 3ce44966387b043b7be0a13b4a897c08
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001217541-23-000002.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001217541-23-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**EFFECTIVENESS DATE**: 20230207

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DIAMOND HILL CAPITAL MANAGEMENT INC
- **CENTRAL INDEX KEY:** 0001217541
- **IRS NUMBER:** 311019984
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10648
- **FILM NUMBER:** 23593484

**BUSINESS ADDRESS:**
- **STREET 1:** 325 JOHN H. MCCONNELL BLVD.
- **STREET 2:** SUITE 200
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-255-3333

**MAIL ADDRESS:**
- **STREET 1:** 325 JOHN H. MCCONNELL BLVD.
- **STREET 2:** SUITE 200
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

### 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:** DIAMOND HILL CAPITAL MANAGEMENT INC<br>**Address:** 325 JOHN H. MCCONNELL BLVD.<br>SUITE 200<br>COLUMBUS, OH 43215

**Form 13F File Number:** 028-10648

**CRD Number (if applicable):** 000110638

**SEC File Number (if applicable):** 801-32176

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:** Gary Young<br>**Title:** CCO<br>**Phone:** 614-255-3333

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

Gary Young  Columbus, OH  02-07-2023<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:** 169

**Form 13F Information Table Value Total:** $22006047511

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Abbott Laboratories | COM | 002824100 |  | 583545209 | 5315103 | SH |  | SOLE |  | 4680671 | 0 | 634432 |
| AbbVie Inc. | COM | 00287Y109 |  | 218282031 | 1350672 | SH |  | SOLE |  | 1177797 | 0 | 172875 |
| Advance Auto Parts Inc. | COM | 00751Y106 |  | 17824447 | 121230 | SH |  | SOLE |  | 114522 | 0 | 6708 |
| Alaska Air Group Inc. | COM | 011659109 |  | 57133731 | 1330548 | SH |  | SOLE |  | 1291431 | 0 | 39117 |
| Allegiant Travel Co. | COM | 01748X102 |  | 49897045 | 733888 | SH |  | SOLE |  | 691631 | 0 | 42257 |
| Allied Motion Technologies In | COM | 019330109 |  | 6928443 | 199036 | SH |  | SOLE |  | 199036 | 0 | 0 |
| Alphabet Inc. (Cl A) | COM | 02079K305 |  | 465710850 | 5278373 | SH |  | SOLE |  | 4755455 | 0 | 522918 |
| Amazon.com Inc. | COM | 023135106 |  | 339347484 | 4039851 | SH |  | SOLE |  | 3618763 | 0 | 421088 |
| American International Group | COM | 026874784 |  | 905879284 | 14324467 | SH |  | SOLE |  | 12752236 | 0 | 1572231 |
| Archer-Daniels-Midland Co. | COM | 039483102 |  | 23654002 | 254755 | SH |  | SOLE |  | 254755 | 0 | 0 |
| Ashland Inc. | COM | 044186104 |  | 136045236 | 1265184 | SH |  | SOLE |  | 1214769 | 0 | 50415 |
| AstroNova Inc. | COM | 04638F108 |  | 514813 | 40157 | SH |  | SOLE |  | 40157 | 0 | 0 |
| Aurinia Pharmaceuticals Inc. | COM | 05156V102 |  | 123440 | 28574 | SH |  | SOLE |  | 28574 | 0 | 0 |
| Bank of America Corp. | COM | 060505104 |  | 552125483 | 16670455 | SH |  | SOLE |  | 14712110 | 0 | 1958345 |
| Bank of Marin Bancorp | COM | 063425102 |  | 444899 | 13531 | SH |  | SOLE |  | 13531 | 0 | 0 |
| Bank OZK | COM | 06417N103 |  | 88642084 | 2212733 | SH |  | SOLE |  | 2105038 | 0 | 107695 |
| BankUnited Inc. | COM | 06652K103 |  | 45587604 | 1341996 | SH |  | SOLE |  | 1262040 | 0 | 79956 |
| Becton Dickinson and Co. | COM | 075887109 |  | 323542773 | 1272288 | SH |  | SOLE |  | 1127838 | 0 | 144450 |
| BellRing Brands Inc. | COM | 07831C103 |  | 49830904 | 1943483 | SH |  | SOLE |  | 1846842 | 0 | 96641 |
| Berkshire Hathaway Inc. (Cl B | COM | 084670702 |  | 393661542 | 1274398 | SH |  | SOLE |  | 1128912 | 0 | 145486 |
| BOK Financial Corp. | COM | 05561Q201 |  | 91058392 | 877333 | SH |  | SOLE |  | 825661 | 0 | 51672 |
| Booking Holdings Inc. | COM | 09857L108 |  | 291441732 | 144616 | SH |  | SOLE |  | 128380 | 0 | 16236 |
| BorgWarner Inc. | COM | 099724106 |  | 270463346 | 6719586 | SH |  | SOLE |  | 6052657 | 0 | 666929 |
| Boston Scientific Corp. | COM | 101137107 |  | 35330060 | 763563 | SH |  | SOLE |  | 739361 | 0 | 24202 |
| Brighthouse Financial Inc. | COM | 10922N103 |  | 39281382 | 766167 | SH |  | SOLE |  | 724772 | 0 | 41395 |
| Broadridge Financial Solutions | COM | 11133T103 |  | 11970164 | 89243 | SH |  | SOLE |  | 82914 | 0 | 6329 |
| Brown  Brown Inc. | COM | 115236101 |  | 12752621 | 223848 | SH |  | SOLE |  | 209408 | 0 | 14440 |
| Cadence Bank | COM | 12740C103 |  | 5833298 | 236549 | SH |  | SOLE |  | 235012 | 0 | 1537 |
| Cal-Maine Foods Inc. | COM | 128030202 |  | 87035820 | 1598454 | SH |  | SOLE |  | 1496761 | 0 | 101693 |
| CarMax Inc. | COM | 143130102 |  | 327964378 | 5386178 | SH |  | SOLE |  | 4774125 | 0 | 612053 |
| Carrier Global Corp. | COM | 14448C104 |  | 187175071 | 4537577 | SH |  | SOLE |  | 3972594 | 0 | 564983 |
| Carter's Inc. | COM | 146229109 |  | 1770197 | 23726 | SH |  | SOLE |  | 23726 | 0 | 0 |
| Caterpillar Inc. | COM | 149123101 |  | 423088914 | 1766108 | SH |  | SOLE |  | 1552663 | 0 | 213445 |
| Centrus Energy Corp. (Cl A) | COM | 15643U104 |  | 1412945 | 43502 | SH |  | SOLE |  | 43502 | 0 | 0 |
| Century Communities Inc. | COM | 156504300 |  | 5234447 | 104668 | SH |  | SOLE |  | 98776 | 0 | 5892 |
| Chase Corp. | COM | 16150R104 |  | 5684707 | 65902 | SH |  | SOLE |  | 65902 | 0 | 0 |
| Check Point Software Technolog | COM | M22465104 |  | 28850143 | 228679 | SH |  | SOLE |  | 228679 | 0 | 0 |
| Chevron Corp. | COM | 166764100 |  | 203160603 | 1131877 | SH |  | SOLE |  | 1017359 | 0 | 114518 |
| Ciena Corp. | COM | 171779309 |  | 80432930 | 1577735 | SH |  | SOLE |  | 1527190 | 0 | 50545 |
| Cimpress PLC | COM | G2143T103 |  | 15989669 | 579126 | SH |  | SOLE |  | 579126 | 0 | 0 |
| Citigroup Inc. | COM | 172967424 |  | 41735123 | 922731 | SH |  | SOLE |  | 922731 | 0 | 0 |
| Civitas Resources Inc. | COM | 17888H103 |  | 32112105 | 554326 | SH |  | SOLE |  | 520411 | 0 | 33915 |
| Cognizant Technology Solutions | COM | 192446102 |  | 41210542 | 720590 | SH |  | SOLE |  | 720590 | 0 | 0 |
| Comcast Corp. (Cl A) | COM | 20030N101 |  | 21992248 | 628889 | SH |  | SOLE |  | 628889 | 0 | 0 |
| Concrete Pumping Holdings Inc | COM | 206704108 |  | 7429102 | 1269932 | SH |  | SOLE |  | 916160 | 0 | 353772 |
| ConocoPhillips | COM | 20825C104 |  | 650537749 | 5513032 | SH |  | SOLE |  | 4839405 | 0 | 673627 |
| Constellation Brands Inc. (Cl | COM | 21036P108 |  | 24355535 | 105094 | SH |  | SOLE |  | 105094 | 0 | 0 |
| Core Molding Technologies Inc | COM | 218683100 |  | 921848 | 70966 | SH |  | SOLE |  | 70966 | 0 | 0 |
| Coterra Energy Inc. | COM | 127097103 |  | 110369546 | 4492045 | SH |  | SOLE |  | 4339023 | 0 | 153022 |
| CREDICORP LTD | COM | G2519Y108 |  | 634346 | 4676 | SH |  | SOLE |  | 4676 | 0 | 0 |
| Crown Crafts Inc. | COM | 228309100 |  | 187696 | 35149 | SH |  | SOLE |  | 35149 | 0 | 0 |
| CubeSmart | COM | 229663109 |  | 110380956 | 2742384 | SH |  | SOLE |  | 2601767 | 0 | 140617 |
| CVS Health Corp. | COM | 126650100 |  | 27917301 | 299574 | SH |  | SOLE |  | 299574 | 0 | 0 |
| Deere  Co. | COM | 244199105 |  | 286495918 | 668196 | SH |  | SOLE |  | 588950 | 0 | 79246 |
| Discover Financial Services | COM | 254709108 |  | 6218955 | 63569 | SH |  | SOLE |  | 63569 | 0 | 0 |
| Dominion Energy Inc. | COM | 25746U109 |  | 218973776 | 3571001 | SH |  | SOLE |  | 3208414 | 0 | 362587 |
| Douglas Dynamics Inc. | COM | 25960R105 |  | 3687995 | 101991 | SH |  | SOLE |  | 101991 | 0 | 0 |
| Douglas Emmett Inc. | COM | 25960P109 |  | 25711892 | 1639789 | SH |  | SOLE |  | 1552215 | 0 | 87574 |
| Eastern Co. | COM | 276317104 |  | 324116 | 16811 | SH |  | SOLE |  | 16811 | 0 | 0 |
| Energy Recovery Inc. | COM | 29270J100 |  | 40788869 | 1990672 | SH |  | SOLE |  | 1887277 | 0 | 103395 |
| Enovis Corp. | COM | 194014502 |  | 110865663 | 2071481 | SH |  | SOLE |  | 1992728 | 0 | 78753 |
| Enstar Group Ltd. | COM | G3075P101 |  | 40914874 | 177090 | SH |  | SOLE |  | 169378 | 0 | 7712 |
| ESAB Corp. | COM | 29605J106 |  | 122636775 | 2613742 | SH |  | SOLE |  | 2510929 | 0 | 102813 |
| Fidelity National Information | COM | 31620M106 |  | 32085654 | 472891 | SH |  | SOLE |  | 472891 | 0 | 0 |
| First Advantage Corp. | COM | 31846B108 |  | 36003487 | 2769499 | SH |  | SOLE |  | 2591900 | 0 | 177599 |
| First Interstate BancSystem I | COM | 32055Y201 |  | 48206483 | 1247257 | SH |  | SOLE |  | 1165667 | 0 | 81590 |
| First Republic Bank | COM | 33616C100 |  | 259290868 | 2127253 | SH |  | SOLE |  | 1922609 | 0 | 204644 |
| First Western Financial Inc. | COM | 33751L105 |  | 878871 | 31221 | SH |  | SOLE |  | 31221 | 0 | 0 |
| Freeport-McMoRan Inc. | COM | 35671D857 |  | 414622847 | 10911128 | SH |  | SOLE |  | 9684621 | 0 | 1226507 |
| FTAI Aviation Ltd. | COM | G3730V105 |  | 1708405 | 99790 | SH |  | SOLE |  | 99790 | 0 | 0 |
| Gates Industrial Corp. PLC | COM | G39108108 |  | 56035001 | 4911043 | SH |  | SOLE |  | 4572269 | 0 | 338774 |
| General Motors Co. | COM | 37045V100 |  | 391737357 | 11644987 | SH |  | SOLE |  | 10273478 | 0 | 1371509 |
| Graham Corp. | COM | 384556106 |  | 1303760 | 135526 | SH |  | SOLE |  | 135526 | 0 | 0 |
| Green Brick Partners Inc. | COM | 392709101 |  | 6330451 | 261265 | SH |  | SOLE |  | 237687 | 0 | 23578 |
| Hanesbrands Inc. | COM | 410345102 |  | 47759809 | 7509404 | SH |  | SOLE |  | 7255004 | 0 | 254400 |
| Hartford Financial Services Gr | COM | 416515104 |  | 229911051 | 3031927 | SH |  | SOLE |  | 2722543 | 0 | 309384 |
| HCA Healthcare Inc. | COM | 40412C101 |  | 393012788 | 1637826 | SH |  | SOLE |  | 1463715 | 0 | 174111 |
| Home Depot Inc. | COM | 437076102 |  | 339916574 | 1076162 | SH |  | SOLE |  | 941772 | 0 | 134390 |
| Honeywell International Inc. | COM | 438516106 |  | 245435772 | 1145291 | SH |  | SOLE |  | 1014529 | 0 | 130762 |
| Humana Inc. | COM | 444859102 |  | 376586909 | 735248 | SH |  | SOLE |  | 655265 | 0 | 79983 |
| Hurco Cos. Inc. | COM | 447324104 |  | 422365 | 16164 | SH |  | SOLE |  | 16164 | 0 | 0 |
| Integer Holdings Corp. | COM | 45826H109 |  | 16399319 | 239546 | SH |  | SOLE |  | 223695 | 0 | 15851 |
| iShares Russell 1000 Value ETF | ETF | 464287598 |  | 44680488 | 294629 | SH |  | SOLE |  | 294629 | 0 | 0 |
| iShares Russell 3000 ETF | ETF | 464287689 |  | 2128238 | 9644 | SH |  | SOLE |  | 6953 | 0 | 2691 |
| Johnson Controls International | COM | G51502105 |  | 22982080 | 359095 | SH |  | SOLE |  | 359095 | 0 | 0 |
| Johnson Outdoors Inc. (Cl A) | COM | 479167108 |  | 1002445 | 15161 | SH |  | SOLE |  | 15161 | 0 | 0 |
| Jones Lang LaSalle Inc. | COM | 48020Q107 |  | 41734222 | 261870 | SH |  | SOLE |  | 248962 | 0 | 12908 |
| Kirby Corp. | COM | 497266106 |  | 85688331 | 1331598 | SH |  | SOLE |  | 1286676 | 0 | 44922 |
| KKR  Co Inc. | COM | 48251W104 |  | 480086513 | 10342234 | SH |  | SOLE |  | 9269286 | 0 | 1072948 |
| L3Harris Technologies Inc. | COM | 502431109 |  | 233847215 | 1123132 | SH |  | SOLE |  | 1009451 | 0 | 113681 |
| Lancaster Colony Corp. | COM | 513847103 |  | 98612908 | 499812 | SH |  | SOLE |  | 476886 | 0 | 22926 |
| Liberty Media Corp. Series C L | COM | 531229854 |  | 45721777 | 764834 | SH |  | SOLE |  | 724523 | 0 | 40311 |
| Linde PLC | COM | G5494J103 |  | 245874219 | 753799 | SH |  | SOLE |  | 662817 | 0 | 90982 |
| Live Nation Entertainment Inc | COM | 538034109 |  | 2390478 | 34277 | SH |  | SOLE |  | 34277 | 0 | 0 |
| Live Oak Bancshares Inc. | COM | 53803X105 |  | 63787413 | 2112166 | SH |  | SOLE |  | 1998488 | 0 | 113678 |
| Loews Corp. | COM | 540424108 |  | 46405598 | 795570 | SH |  | SOLE |  | 752582 | 0 | 42988 |
| Marsh  McLennan Cos. Inc. | COM | 571748102 |  | 287717297 | 1738683 | SH |  | SOLE |  | 1525159 | 0 | 213524 |
| Martin Marietta Materials Inc | COM | 573284106 |  | 188400727 | 557448 | SH |  | SOLE |  | 491762 | 0 | 65686 |
| Medtronic PLC | COM | G5960L103 |  | 275190548 | 3540794 | SH |  | SOLE |  | 3154998 | 0 | 385796 |
| Meta Platforms Inc. (Cl A) | COM | 30303M102 |  | 38150066 | 317019 | SH |  | SOLE |  | 317019 | 0 | 0 |
| Microsoft Corp. | COM | 594918104 |  | 405707654 | 1691717 | SH |  | SOLE |  | 1515859 | 0 | 175858 |
| Miller Industries Inc. | COM | 600551204 |  | 323359 | 12129 | SH |  | SOLE |  | 12129 | 0 | 0 |
| Mondelez International Inc. ( | COM | 609207105 |  | 17837540 | 267630 | SH |  | SOLE |  | 267630 | 0 | 0 |
| Morgan Stanley | COM | 617446448 |  | 17195465 | 202252 | SH |  | SOLE |  | 202252 | 0 | 0 |
| Mr. Cooper Group Inc. | COM | 62482R107 |  | 113276998 | 2822751 | SH |  | SOLE |  | 2714555 | 0 | 108196 |
| Nasdaq Inc. | COM | 631103108 |  | 294459521 | 4799666 | SH |  | SOLE |  | 4156927 | 0 | 642739 |
| Northern Technologies Internat | COM | 665809109 |  | 336756 | 25301 | SH |  | SOLE |  | 25301 | 0 | 0 |
| NVR Inc. | COM | 62944T105 |  | 533896910 | 115748 | SH |  | SOLE |  | 102218 | 0 | 13530 |
| NXP Semiconductors NV | COM | N6596X109 |  | 8053051 | 50959 | SH |  | SOLE |  | 50959 | 0 | 0 |
| Oil-Dri Corp. of America | COM | 677864100 |  | 1655300 | 49353 | SH |  | SOLE |  | 49353 | 0 | 0 |
| Ondas Holdings Inc. | COM | 68236H204 |  | 159000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| Parker-Hannifin Corp. | COM | 701094104 |  | 408345646 | 1403250 | SH |  | SOLE |  | 1262228 | 0 | 141022 |
| PepsiCo Inc. | COM | 713448108 |  | 546476878 | 3024891 | SH |  | SOLE |  | 2645614 | 0 | 379277 |
| Perrigo Co. PLC | COM | G97822103 |  | 31426685 | 921874 | SH |  | SOLE |  | 921874 | 0 | 0 |
| Pfizer Inc. | COM | 717081103 |  | 348396688 | 6799311 | SH |  | SOLE |  | 6085037 | 0 | 714274 |
| Plumas Bancorp | COM | 729273102 |  | 585464 | 15802 | SH |  | SOLE |  | 15802 | 0 | 0 |
| Post Holdings Inc. | COM | 737446104 |  | 136316068 | 1510260 | SH |  | SOLE |  | 1433288 | 0 | 76972 |
| PROG Holdings Inc. | COM | 74319R101 |  | 19760033 | 1169925 | SH |  | SOLE |  | 1095517 | 0 | 74408 |
| Pure Cycle Corp. | COM | 746228303 |  | 477710 | 45583 | SH |  | SOLE |  | 45583 | 0 | 0 |
| Rayonier Inc. | COM | 754907103 |  | 64831793 | 1966984 | SH |  | SOLE |  | 1861070 | 0 | 105914 |
| Red Rock Resorts Inc. (Cl A) | COM | 75700L108 |  | 196918017 | 4921720 | SH |  | SOLE |  | 4707126 | 0 | 214594 |
| Regal Rexnord Corp. | COM | 758750103 |  | 82632026 | 688715 | SH |  | SOLE |  | 655949 | 0 | 32766 |
| RenaissanceRe Holdings Ltd. | COM | G7496G103 |  | 34657900 | 188123 | SH |  | SOLE |  | 175083 | 0 | 13040 |
| Rimini Street Inc. (Cl A) | COM | 76674Q107 |  | 15500714 | 4068429 | SH |  | SOLE |  | 3360605 | 0 | 707824 |
| Rocky Brands Inc. | COM | 774515100 |  | 2368236 | 100264 | SH |  | SOLE |  | 100264 | 0 | 0 |
| Ryman Hospitality Properties | COM | 78377T107 |  | 57630693 | 704704 | SH |  | SOLE |  | 669916 | 0 | 34788 |
| Sanmina Corp. | COM | 801056102 |  | 43310724 | 755991 | SH |  | SOLE |  | 704622 | 0 | 51369 |
| SBA Communications Corp. (Cl A | COM | 78410G104 |  | 165973313 | 592106 | SH |  | SOLE |  | 520859 | 0 | 71247 |
| Seaboard Corp. | COM | 811543107 |  | 7686328 | 2036 | SH |  | SOLE |  | 1548 | 0 | 488 |
| Sensata Technologies Holding P | COM | G8060N102 |  | 98113951 | 2429766 | SH |  | SOLE |  | 2328316 | 0 | 101450 |
| Sherwin-Williams Co. | COM | 824348106 |  | 188133739 | 792709 | SH |  | SOLE |  | 689506 | 0 | 103203 |
| Smith-Midland Corp. | COM | 832156103 |  | 430644 | 21007 | SH |  | SOLE |  | 21007 | 0 | 0 |
| South Jersey Industries Inc. | COM | 838518108 |  | 52998040 | 1491642 | SH |  | SOLE |  | 1412931 | 0 | 78711 |
| Spotify Technology SA | COM | L8681T102 |  | 994691 | 12599 | SH |  | SOLE |  | 12599 | 0 | 0 |
| SS Technologies Holdings In | COM | 78467J100 |  | 396140442 | 7609305 | SH |  | SOLE |  | 6883783 | 0 | 725522 |
| Stericycle Inc. | COM | 858912108 |  | 26863420 | 538453 | SH |  | SOLE |  | 510281 | 0 | 28172 |
| Stryker Corp. | COM | 863667101 |  | 291518906 | 1192355 | SH |  | SOLE |  | 1046876 | 0 | 145479 |
| SunOpta Inc. | COM | 8676EP108 |  | 13180799 | 1561706 | SH |  | SOLE |  | 1551403 | 0 | 10303 |
| SVB Financial Group | COM | 78486Q101 |  | 88961768 | 386555 | SH |  | SOLE |  | 374398 | 0 | 12157 |
| Take-Two Interactive Software | COM | 874054109 |  | 144501824 | 1387706 | SH |  | SOLE |  | 1217790 | 0 | 169916 |
| Taseko Mines Ltd. | COM | 876511106 |  | 10547096 | 7174895 | SH |  | SOLE |  | 5587562 | 0 | 1587333 |
| Texas Instruments Inc. | COM | 882508104 |  | 493974715 | 2989800 | SH |  | SOLE |  | 2646065 | 0 | 343735 |
| TJX Cos. Inc. | COM | 872540109 |  | 24404246 | 306586 | SH |  | SOLE |  | 306586 | 0 | 0 |
| Transcat Inc. | COM | 893529107 |  | 935413 | 13199 | SH |  | SOLE |  | 13199 | 0 | 0 |
| TriMas Corp. | COM | 896215209 |  | 911453 | 32857 | SH |  | SOLE |  | 32857 | 0 | 0 |
| Triumph Financial Inc. | COM | 89679E300 |  | 1606406 | 32871 | SH |  | SOLE |  | 32871 | 0 | 0 |
| Truist Financial Corp. | COM | 89832Q109 |  | 562836862 | 13080104 | SH |  | SOLE |  | 11602729 | 0 | 1477375 |
| UDR Inc. | COM | 902653104 |  | 15304895 | 395169 | SH |  | SOLE |  | 375904 | 0 | 19265 |
| UFP Technologies Inc. | COM | 902673102 |  | 7395240 | 62730 | SH |  | SOLE |  | 62730 | 0 | 0 |
| UGI Corp. | COM | 902681105 |  | 87172959 | 2351577 | SH |  | SOLE |  | 2227869 | 0 | 123708 |
| Union Pacific Corp. | COM | 907818108 |  | 331927008 | 1602970 | SH |  | SOLE |  | 1402740 | 0 | 200230 |
| United States Lime  Minerals | COM | 911922102 |  | 2685279 | 19077 | SH |  | SOLE |  | 19077 | 0 | 0 |
| V.F. Corp. | COM | 918204108 |  | 5811408 | 210482 | SH |  | SOLE |  | 210482 | 0 | 0 |
| Vail Resorts Inc. | COM | 91879Q109 |  | 63937864 | 268252 | SH |  | SOLE |  | 256158 | 0 | 12094 |
| Verizon Communications Inc. | COM | 92343V104 |  | 266953131 | 6775460 | SH |  | SOLE |  | 6020268 | 0 | 755192 |
| Visa Inc. (Cl A) | COM | 92826C839 |  | 288901415 | 1390554 | SH |  | SOLE |  | 1225859 | 0 | 164695 |
| Walt Disney Co. | COM | 254687106 |  | 250517090 | 2883484 | SH |  | SOLE |  | 2566473 | 0 | 317011 |
| Waste Management Inc. | COM | 94106L109 |  | 246126825 | 1568886 | SH |  | SOLE |  | 1383851 | 0 | 185035 |
| Webster Financial Corp. | COM | 947890109 |  | 144240956 | 3046915 | SH |  | SOLE |  | 2894183 | 0 | 152732 |
| Wells Fargo  Co. | COM | 949746101 |  | 321253939 | 7780430 | SH |  | SOLE |  | 6909442 | 0 | 870988 |
| WESCO International Inc. | COM | 95082P105 |  | 236164134 | 1886295 | SH |  | SOLE |  | 1797223 | 0 | 89072 |
| Westinghouse Air Brake Technol | COM | 929740108 |  | 9499916 | 95180 | SH |  | SOLE |  | 94515 | 0 | 665 |
| Weyerhaeuser Co. | COM | 962166104 |  | 230455561 | 7434050 | SH |  | SOLE |  | 6594201 | 0 | 839849 |
| Willis Towers Watson PLC | COM | G96629103 |  | 19664966 | 80403 | SH |  | SOLE |  | 80403 | 0 | 0 |
| Wolverine World Wide Inc. | COM | 978097103 |  | 20964035 | 1918027 | SH |  | SOLE |  | 1782797 | 0 | 135230 |
| HDFC Bank Ltd. ADR | ADS | 40415F101 |  | 1567478 | 22913 | SH |  | SOLE |  | 22913 | 0 | 0 |
| Novartis AG ADR | ADR | 66987V109 |  | 1948303 | 21476 | SH |  | SOLE |  | 21476 | 0 | 0 |
| Taiwan Semiconductor Manufactu | ADS | 874039100 |  | 384890 | 5167 | SH |  | SOLE |  | 5167 | 0 | 0 |
| WNS (Holdings) Ltd. ADR | ADR | 92932M101 |  | 86815947 | 1085335 | SH |  | SOLE |  | 1046124 | 0 | 39211 |

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