# EDGAR Filing Document

**Accession Number:** 0001700530
**File Stem:** 0001140361-23-005685
**Filing Date:** 2023-2
**Character Count:** 40272
**Document Hash:** a537616393c331eb4a1fd6eab8d57aae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-005685.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001140361-23-005685

**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:** Keeley-Teton Advisors, LLC
- **CENTRAL INDEX KEY:** 0001700530
- **IRS NUMBER:** 814164631
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18059
- **FILM NUMBER:** 23608400

**BUSINESS ADDRESS:**
- **STREET 1:** 141 WEST JACKSON BLVD.
- **STREET 2:** SUITE 2150
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60604
- **BUSINESS PHONE:** 312-786-5000

**MAIL ADDRESS:**
- **STREET 1:** 141 WEST JACKSON BLVD.
- **STREET 2:** SUITE 2150
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60604

### 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:** Keeley-Teton Advisors LLC<br>**Address:** 141 WEST JACKSON BLVD.<br>SUITE 2150<br>CHICAGO, IL 60604

**Form 13F File Number:** 028-18059

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:** Kevin Keeley<br>**Title:** President<br>**Phone:** 312-786-5000

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

/s/ Kevin Keeley  Chicago, IL  01-30-2023<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:** 372

**Form 13F Information Table Value Total:** $803917134

      (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 |
| 1895 Bancorp of Wisconsin Inc | COM | 28253r105 |  | 276920 | 27692 | SH |  | SOLE |  | 27692 | 0 | 0 |
| A Mark Precious Metal Inc | COM | 00181t107 |  | 901244 | 25950 | SH |  | SOLE |  | 25950 | 0 | 0 |
| AAR Corp | COM | 000361105 |  | 1607420 | 35800 | SH |  | SOLE |  | 35800 | 0 | 0 |
| ABM Industries Inc. | COM | 000957100 |  | 7330499 | 165027 | SH |  | SOLE |  | 165027 | 0 | 0 |
| ACCO Brands Corp. | COM | 00081t108 |  | 1188087 | 212538 | SH |  | SOLE |  | 212538 | 0 | 0 |
| AMN Healthcare Services Inc. | COM | 001744101 |  | 421562 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| ATN International Inc. | COM | 00215F107 |  | 539189 | 11900 | SH |  | SOLE |  | 11900 | 0 | 0 |
| Abbott Labs | COM | 002824100 |  | 242658 | 2210 | SH |  | SOLE |  | 2210 | 0 | 0 |
| Abbvie Inc | COM | 00287y109 |  | 1323806 | 8191 | SH |  | SOLE |  | 8191 | 0 | 0 |
| Advanced Energy Industries Inc | COM | 007973100 |  | 1629820 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| Agilent Technologies | COM | 00846u101 |  | 1248380 | 8342 | SH |  | SOLE |  | 8342 | 0 | 0 |
| Air Lease Corp | COM | 00912x302 |  | 9148593 | 238121 | SH |  | SOLE |  | 235273 | 0 | 2848 |
| Albany Int'l Corp Cl A | COM | 012348108 |  | 301685 | 3060 | SH |  | SOLE |  | 3060 | 0 | 0 |
| Alexandria Real Est Eq Inc | COM | 015271109 |  | 453325 | 3112 | SH |  | SOLE |  | 3112 | 0 | 0 |
| Allete Inc | COM | 018522300 |  | 5466448 | 84738 | SH |  | SOLE |  | 84738 | 0 | 0 |
| Allison Transmission Holdings | COM | 01973R101 |  | 1410822 | 33914 | SH |  | SOLE |  | 33914 | 0 | 0 |
| Alpine Income Property Trust | COM | 02083x103 |  | 5949125 | 311799 | SH |  | SOLE |  | 311799 | 0 | 0 |
| Altra Industrial Motion Corp. | COM | 02208r106 |  | 537511 | 8996 | SH |  | SOLE |  | 8150 | 0 | 846 |
| Altria Group Inc. | COM | 02209s103 |  | 279745 | 6120 | SH |  | SOLE |  | 6120 | 0 | 0 |
| Amazon.com Inc | COM | 023135106 |  | 282240 | 3360 | SH |  | SOLE |  | 3360 | 0 | 0 |
| Amerant Bancorp Inc. Cl A | COM | 023576101 |  | 778387 | 29001 | SH |  | SOLE |  | 26321 | 0 | 2680 |
| American Eagle Outfitters | COM | 02553e106 |  | 827130 | 59250 | SH |  | SOLE |  | 59250 | 0 | 0 |
| American Water Works | COM | 030420103 |  | 447505 | 2936 | SH |  | SOLE |  | 2936 | 0 | 0 |
| American Woodmark Corp. | COM | 030506109 |  | 688731 | 14096 | SH |  | SOLE |  | 14096 | 0 | 0 |
| Ameriprise Financial | COM | 03076c106 |  | 1339825 | 4303 | SH |  | SOLE |  | 4303 | 0 | 0 |
| Amgen Inc | COM | 031162100 |  | 282338 | 1075 | SH |  | SOLE |  | 1075 | 0 | 0 |
| Anzu Special Acquisition Corp. | COM | 03737a101 |  | 402974 | 40217 | SH |  | SOLE |  | 36309 | 0 | 3908 |
| Apartment Income REIT Corp. | COM | 03750L109 |  | 375351 | 10940 | SH |  | SOLE |  | 10940 | 0 | 0 |
| Apogee Enterprises Inc. | COM | 037598109 |  | 447712 | 10070 | SH |  | SOLE |  | 10070 | 0 | 0 |
| Apple Inc. | COM | 037833100 |  | 831332 | 6398 | SH |  | SOLE |  | 6398 | 0 | 0 |
| Ardagh Metal Packaging S.A. | COM | L02235106 |  | 4446268 | 924380 | SH |  | SOLE |  | 913054 | 0 | 11326 |
| Argan Inc. | COM | 04010E109 |  | 5068418 | 137430 | SH |  | SOLE |  | 137430 | 0 | 0 |
| Arthur J. Gallagher  Co. | COM | 363576109 |  | 908386 | 4818 | SH |  | SOLE |  | 4818 | 0 | 0 |
| Ashland Inc. | COM | 044186104 |  | 3261736 | 30333 | SH |  | SOLE |  | 29343 | 0 | 990 |
| Atlantic Union Bankshares Corp | COM | 04911A107 |  | 5113608 | 145521 | SH |  | SOLE |  | 145521 | 0 | 0 |
| Atlantica Sustainable Infrastr | COM | g0751n103 |  | 6184630 | 238789 | SH |  | SOLE |  | 235805 | 0 | 2984 |
| Autoliv Inc | COM | 052800109 |  | 1608869 | 21009 | SH |  | SOLE |  | 21009 | 0 | 0 |
| Avient Corporation | COM | 05368v106 |  | 391278 | 11590 | SH |  | SOLE |  | 11590 | 0 | 0 |
| BOK Financial Corp | COM | 05561q201 |  | 594458 | 5728 | SH |  | SOLE |  | 5728 | 0 | 0 |
| BWX Technologies Inc | COM | 05605H100 |  | 3196667 | 55039 | SH |  | SOLE |  | 55039 | 0 | 0 |
| Babcock  Wilcox Enterprises I | COM | 05614L209 |  | 264843 | 45900 | SH |  | SOLE |  | 45900 | 0 | 0 |
| Banc of California Inc. | COM | 05990K106 |  | 409401 | 25700 | SH |  | SOLE |  | 25700 | 0 | 0 |
| Bank of Butterfield Ltd. | COM | G0772R208 |  | 4102840 | 137633 | SH |  | SOLE |  | 137633 | 0 | 0 |
| Bath  Body Works Inc. | COM | 070830104 |  | 2906564 | 68974 | SH |  | SOLE |  | 66642 | 0 | 2332 |
| Baxter International Inc. | COM | 071813109 |  | 368153 | 7223 | SH |  | SOLE |  | 7223 | 0 | 0 |
| Beacon Roofing Supply Inc | COM | 073685109 |  | 1770524 | 33539 | SH |  | SOLE |  | 33539 | 0 | 0 |
| Benchmark Electronics Inc. | COM | 08160H101 |  | 1283255 | 48080 | SH |  | SOLE |  | 48080 | 0 | 0 |
| Berkshire Hathaway Cl B | COM | 084670702 |  | 911255 | 2950 | SH |  | SOLE |  | 2950 | 0 | 0 |
| Berkshire Hathaway Inc Cl A | COM | 084670108 |  | 937422 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| Black Hills Corp. | COM | 092113109 |  | 6714586 | 95459 | SH |  | SOLE |  | 95459 | 0 | 0 |
| Black Knight Inc. | COM | 09215C105 |  | 546673 | 8853 | SH |  | SOLE |  | 8094 | 0 | 759 |
| Bloomin' Brands Inc. | COM | 094235108 |  | 1725853 | 85778 | SH |  | SOLE |  | 85778 | 0 | 0 |
| BrightSphere Investment Group | COM | 10948W103 |  | 4885301 | 237381 | SH |  | SOLE |  | 232855 | 0 | 4526 |
| Bristol Myers Squibb | COM | 110122108 |  | 282548 | 3927 | SH |  | SOLE |  | 3927 | 0 | 0 |
| Brixmor Property Group Inc. | COM | 11120u105 |  | 2226081 | 98195 | SH |  | SOLE |  | 98195 | 0 | 0 |
| Brown  Brown Inc. | COM | 115236101 |  | 529821 | 9300 | SH |  | SOLE |  | 9300 | 0 | 0 |
| Brunswick Corp. | COM | 117043109 |  | 4081746 | 56628 | SH |  | SOLE |  | 55390 | 0 | 1238 |
| Builders FirstSource Inc. | COM | 12008r107 |  | 551220 | 8496 | SH |  | SOLE |  | 8496 | 0 | 0 |
| CME Group Inc. | COM | 12572q105 |  | 215300 | 1280 | SH |  | SOLE |  | 1280 | 0 | 0 |
| Cabot Corp | COM | 127055101 |  | 1307791 | 19566 | SH |  | SOLE |  | 19566 | 0 | 0 |
| Cactus Inc. Cl A | COM | 127203107 |  | 3078073 | 61243 | SH |  | SOLE |  | 61243 | 0 | 0 |
| Cadence Bank | COM | 12740C103 |  | 6027545 | 244426 | SH |  | SOLE |  | 244426 | 0 | 0 |
| Cambridge Bancorp | COM | 132152109 |  | 5478305 | 65956 | SH |  | SOLE |  | 65956 | 0 | 0 |
| Canadian Pacific | COM | 13645t100 |  | 616819 | 8269 | SH |  | SOLE |  | 8269 | 0 | 0 |
| CareTrust REIT Inc. | COM | 14174t107 |  | 8034865 | 432447 | SH |  | SOLE |  | 427840 | 0 | 4607 |
| Carrier Global Corp. | COM | 14448C104 |  | 480068 | 11638 | SH |  | SOLE |  | 11638 | 0 | 0 |
| Cass Information Systems Inc. | COM | 14808p109 |  | 234507 | 5118 | SH |  | SOLE |  | 5118 | 0 | 0 |
| ChampionX Corp. | COM | 15872m104 |  | 8662270 | 298802 | SH |  | SOLE |  | 295778 | 0 | 3024 |
| Chart Industries Inc. | COM | 16115Q308 |  | 521992 | 4530 | SH |  | SOLE |  | 4050 | 0 | 480 |
| Chemed Corporation | COM | 16359r103 |  | 7133259 | 13975 | SH |  | SOLE |  | 13975 | 0 | 0 |
| Chesapeake Energy Corp. | COM | 165167735 |  | 2908200 | 30817 | SH |  | SOLE |  | 29909 | 0 | 908 |
| Children's Place Inc. | COM | 168905107 |  | 962216 | 26420 | SH |  | SOLE |  | 26420 | 0 | 0 |
| Chord Energy | COM | 674215207 |  | 5652579 | 41317 | SH |  | SOLE |  | 40711 | 0 | 606 |
| Circor International Inc. | COM | 17273k109 |  | 638390 | 26644 | SH |  | SOLE |  | 26644 | 0 | 0 |
| Cohu Inc | COM | 192576106 |  | 842915 | 26300 | SH |  | SOLE |  | 26300 | 0 | 0 |
| Columbia Banking System Inc. | COM | 197236102 |  | 5933471 | 196929 | SH |  | SOLE |  | 196929 | 0 | 0 |
| Columbia Sportswear Co | COM | 198516106 |  | 1515397 | 17303 | SH |  | SOLE |  | 17303 | 0 | 0 |
| Columbus McKinnon Corp | COM | 199333105 |  | 1430563 | 44058 | SH |  | SOLE |  | 44058 | 0 | 0 |
| Comerica Inc | COM | 200340107 |  | 1727872 | 25847 | SH |  | SOLE |  | 25847 | 0 | 0 |
| Compass Diversified Holdings | COM | 20451q104 |  | 595210 | 32650 | SH |  | SOLE |  | 32650 | 0 | 0 |
| Conagra Foods Inc. | COM | 205887102 |  | 1449818 | 37463 | SH |  | SOLE |  | 37463 | 0 | 0 |
| Corteva Inc. | COM | 22052L104 |  | 1002963 | 17063 | SH |  | SOLE |  | 17063 | 0 | 0 |
| Crane Holdings Co. | COM | 224441105 |  | 4541445 | 45211 | SH |  | SOLE |  | 43939 | 0 | 1272 |
| Darling Ingredients Inc. | COM | 237266101 |  | 575828 | 9200 | SH |  | SOLE |  | 9200 | 0 | 0 |
| Deluxe Corp. | COM | 248019101 |  | 176592 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| Diamondback Energy | COM | 25278x109 |  | 2773351 | 20276 | SH |  | SOLE |  | 20276 | 0 | 0 |
| Dine Brands Global Inc. | COM | 254423106 |  | 1624367 | 25145 | SH |  | SOLE |  | 25145 | 0 | 0 |
| Discover Financial Svc | COM | 254709108 |  | 2595054 | 26526 | SH |  | SOLE |  | 26526 | 0 | 0 |
| Dolby Laboratories Inc. | COM | 25659T107 |  | 4171595 | 59138 | SH |  | SOLE |  | 59138 | 0 | 0 |
| Dollar Tree Stores Inc | COM | 256746108 |  | 287548 | 2033 | SH |  | SOLE |  | 2033 | 0 | 0 |
| Donegal Group Inc | COM | 257701201 |  | 2033319 | 143191 | SH |  | SOLE |  | 143191 | 0 | 0 |
| Dril Quip Inc. | COM | 262037104 |  | 233662 | 8600 | SH |  | SOLE |  | 8600 | 0 | 0 |
| EPR Properties | COM | 26884u109 |  | 1555724 | 41244 | SH |  | SOLE |  | 41244 | 0 | 0 |
| ESAB Corp. | COM | 29605J106 |  | 6603943 | 140749 | SH |  | SOLE |  | 138463 | 0 | 2286 |
| EastGroup Properties Inc. | COM | 277276101 |  | 365165 | 2466 | SH |  | SOLE |  | 2466 | 0 | 0 |
| Eastern Bankshares Inc. | COM | 27627N105 |  | 3105000 | 180000 | SH |  | SOLE |  | 180000 | 0 | 0 |
| Eaton Corp | COM | g29183103 |  | 292750 | 1865 | SH |  | SOLE |  | 1865 | 0 | 0 |
| Eaton Vance Tax Mged Gbl Buy W | COM | 27828y108 |  | 391239 | 31860 | SH |  | SOLE |  | 31860 | 0 | 0 |
| Eaton Vance Tax Mged Gbl Buy W | COM | 27829c105 |  | 236157 | 30433 | SH |  | SOLE |  | 30433 | 0 | 0 |
| Embecta Corp. | COM | 29082k105 |  | 5006231 | 197953 | SH |  | SOLE |  | 194976 | 0 | 2977 |
| Emcor Group Inc. | COM | 29084q100 |  | 1066392 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| Enact Holdings Inc. | COM | 29249e109 |  | 6038346 | 250346 | SH |  | SOLE |  | 245222 | 0 | 5124 |
| Encompass Health Corp. | COM | 29261A100 |  | 1837443 | 30721 | SH |  | SOLE |  | 30721 | 0 | 0 |
| Energy Select Sector SPDR ETF | COM | 81369y506 |  | 1104396 | 12626 | SH |  | SOLE |  | 12626 | 0 | 0 |
| Enerpac Tool Group Corp. Cl A | COM | 292765104 |  | 1015455 | 39900 | SH |  | SOLE |  | 39900 | 0 | 0 |
| Enovis Corp. | COM | 194014502 |  | 676118 | 12633 | SH |  | SOLE |  | 11487 | 0 | 1146 |
| Enpro Industries Inc. | COM | 29355x107 |  | 5273856 | 48522 | SH |  | SOLE |  | 48522 | 0 | 0 |
| Ensign Group Inc. | COM | 29358P101 |  | 10366512 | 109571 | SH |  | SOLE |  | 108169 | 0 | 1402 |
| Entegris Inc. | COM | 29362U104 |  | 963845 | 14695 | SH |  | SOLE |  | 14695 | 0 | 0 |
| Equitable Holdings Inc. | COM | 29452E101 |  | 4531931 | 157907 | SH |  | SOLE |  | 152867 | 0 | 5040 |
| Equity Lifestyles Properties | COM | 29472R108 |  | 1816035 | 28112 | SH |  | SOLE |  | 28112 | 0 | 0 |
| Equity Residential Properties | COM | 29476l107 |  | 695530 | 11789 | SH |  | SOLE |  | 11789 | 0 | 0 |
| Essent Group Ltd. | COM | G3198U102 |  | 1215583 | 31265 | SH |  | SOLE |  | 31265 | 0 | 0 |
| Ethan Allen Interior Inc. | COM | 297602104 |  | 1878462 | 71100 | SH |  | SOLE |  | 71100 | 0 | 0 |
| Evergy Inc. | COM | 30034w106 |  | 2337094 | 37138 | SH |  | SOLE |  | 36274 | 0 | 864 |
| Evoqua Water Technologies Corp | COM | 30057T105 |  | 720720 | 18200 | SH |  | SOLE |  | 18200 | 0 | 0 |
| Exelon Corp | COM | 30161n101 |  | 1952872 | 45174 | SH |  | SOLE |  | 45174 | 0 | 0 |
| Extreme Networks Inc. | COM | 30226D106 |  | 428454 | 23400 | SH |  | SOLE |  | 23400 | 0 | 0 |
| Exxon Corp | COM | 30231G102 |  | 226941 | 2057 | SH |  | SOLE |  | 2057 | 0 | 0 |
| FARO Technologies Inc. | COM | 311642102 |  | 541144 | 18400 | SH |  | SOLE |  | 18400 | 0 | 0 |
| FMC Corp. | COM | 302491303 |  | 1766045 | 14151 | SH |  | SOLE |  | 14151 | 0 | 0 |
| FS KKR Capital Corp. | COM | 302635206 |  | 697428 | 39853 | SH |  | SOLE |  | 36260 | 0 | 3593 |
| FTI Consult Inc. | COM | 302941109 |  | 666960 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| Fidelity National Information | COM | 31620m106 |  | 655334 | 9659 | SH |  | SOLE |  | 9659 | 0 | 0 |
| First Bancorp (North Carolina) | COM | 318910106 |  | 5545724 | 129452 | SH |  | SOLE |  | 129452 | 0 | 0 |
| First Busey Corp. | COM | 319383204 |  | 1801074 | 72859 | SH |  | SOLE |  | 72859 | 0 | 0 |
| First Foundation Inc. | COM | 32026V104 |  | 1288267 | 89900 | SH |  | SOLE |  | 89900 | 0 | 0 |
| First Trust NASDAQ ABA Communi | COM | 33736Q104 |  | 2055585 | 39087 | SH |  | SOLE |  | 39087 | 0 | 0 |
| Five Star Bancorp | COM | 33830T103 |  | 533904 | 19600 | SH |  | SOLE |  | 19600 | 0 | 0 |
| FleetCor Technologies Inc. | COM | 339041105 |  | 507875 | 2765 | SH |  | SOLE |  | 2765 | 0 | 0 |
| FlexShares Global Upstream Nat | COM | 33939L407 |  | 1015531 | 23362 | SH |  | SOLE |  | 23362 | 0 | 0 |
| Flowserve Corp. | COM | 34354p105 |  | 2679162 | 87326 | SH |  | SOLE |  | 87326 | 0 | 0 |
| Focus Financial Partners Inc. | COM | 34417p100 |  | 1036591 | 27813 | SH |  | SOLE |  | 27813 | 0 | 0 |
| FormFactor Inc. | COM | 346375108 |  | 511290 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| Fortune Brands Innovations In | COM | 34964c106 |  | 2860354 | 50085 | SH |  | SOLE |  | 48406 | 0 | 1679 |
| Franco-Nevada Corp | COM | 351858105 |  | 2104795 | 15422 | SH |  | SOLE |  | 15422 | 0 | 0 |
| GXO Logistics Inc. | COM | 36262g101 |  | 980931 | 22978 | SH |  | SOLE |  | 20710 | 0 | 2268 |
| Gaming and Leisure Properties | COM | 36467J108 |  | 1058833 | 20327 | SH |  | SOLE |  | 18355 | 0 | 1972 |
| Gen Digital Inc. | COM | 668771108 |  | 1947858 | 90894 | SH |  | SOLE |  | 90894 | 0 | 0 |
| Glacier Bancorp Inc | COM | 37637q105 |  | 336056 | 6800 | SH |  | SOLE |  | 6800 | 0 | 0 |
| Gladstone Land Corp. | COM | 376549101 |  | 962091 | 52430 | SH |  | SOLE |  | 52430 | 0 | 0 |
| Global Net Lease Inc. | COM | 379378201 |  | 4697824 | 373733 | SH |  | SOLE |  | 373733 | 0 | 0 |
| Greenbrier Cos Inc | COM | 393657101 |  | 985950 | 29405 | SH |  | SOLE |  | 29405 | 0 | 0 |
| Griffon Corporation | COM | 398433102 |  | 6190775 | 172975 | SH |  | SOLE |  | 172975 | 0 | 0 |
| Haemonetics Corp. | COM | 405024100 |  | 460889 | 5860 | SH |  | SOLE |  | 5860 | 0 | 0 |
| Hanover Insurance Group Inc | COM | 410867105 |  | 1001377 | 7410 | SH |  | SOLE |  | 7410 | 0 | 0 |
| Hasbro Inc | COM | 418056107 |  | 1538611 | 25219 | SH |  | SOLE |  | 25219 | 0 | 0 |
| Healthcare Realty Trust | COM | 421946104 |  | 832085 | 43180 | SH |  | SOLE |  | 43180 | 0 | 0 |
| Heartland Express Inc. | COM | 422347104 |  | 3600666 | 234724 | SH |  | SOLE |  | 234724 | 0 | 0 |
| Heidrick  Struggles Intl | COM | 422819102 |  | 520242 | 18600 | SH |  | SOLE |  | 18600 | 0 | 0 |
| Hexcel Corp | COM | 428291108 |  | 280126 | 4760 | SH |  | SOLE |  | 4760 | 0 | 0 |
| Highwoods Properties Inc. | COM | 431284108 |  | 1010526 | 36116 | SH |  | SOLE |  | 36116 | 0 | 0 |
| Hillenbrand Inc. | COM | 431571108 |  | 8074785 | 189238 | SH |  | SOLE |  | 189238 | 0 | 0 |
| Honeywell | COM | 438516106 |  | 305961 | 1428 | SH |  | SOLE |  | 1428 | 0 | 0 |
| Horace Mann Educators Corp | COM | 440327104 |  | 298213 | 7980 | SH |  | SOLE |  | 7980 | 0 | 0 |
| Howard Hughes Corporation | COM | 44267d107 |  | 1038166 | 13585 | SH |  | SOLE |  | 12140 | 0 | 1445 |
| Hudson Pacific Properties Inc | COM | 444097109 |  | 613233 | 63025 | SH |  | SOLE |  | 63025 | 0 | 0 |
| Huntsman Corp | COM | 447011107 |  | 496736 | 18076 | SH |  | SOLE |  | 18076 | 0 | 0 |
| IBM | COM | 459200101 |  | 506077 | 3592 | SH |  | SOLE |  | 3592 | 0 | 0 |
| ICU Medical Inc. | COM | 44930G107 |  | 862990 | 5480 | SH |  | SOLE |  | 5480 | 0 | 0 |
| IMAX Corp | COM | 45245e109 |  | 672894 | 45900 | SH |  | SOLE |  | 45900 | 0 | 0 |
| IShares Russell 2000 | COM | 464287655 |  | 797000 | 4571 | SH |  | SOLE |  | 4571 | 0 | 0 |
| IShares Select Dividend | COM | 464287168 |  | 1311875 | 10878 | SH |  | SOLE |  | 10878 | 0 | 0 |
| IShares Tr Dow Jones US Finl S | COM | 464287788 |  | 550131 | 7289 | SH |  | SOLE |  | 7289 | 0 | 0 |
| IShares Tr MSCI EAFE Index Fun | COM | 464287465 |  | 1629728 | 24828 | SH |  | SOLE |  | 24828 | 0 | 0 |
| ITT Inc. | COM | 45073v108 |  | 2688452 | 33150 | SH |  | SOLE |  | 32241 | 0 | 909 |
| Illinois Tool Works | COM | 452308109 |  | 1044060 | 4739 | SH |  | SOLE |  | 4739 | 0 | 0 |
| Independent Bank Corp. | COM | 453836108 |  | 558667 | 6617 | SH |  | SOLE |  | 6617 | 0 | 0 |
| Independent Bank Group Inc. | COM | 45384B106 |  | 5694803 | 94787 | SH |  | SOLE |  | 94787 | 0 | 0 |
| Infinera Corp. | COM | 45667G103 |  | 889680 | 132000 | SH |  | SOLE |  | 132000 | 0 | 0 |
| International Seaways Inc. | COM | Y41053102 |  | 3637992 | 98271 | SH |  | SOLE |  | 96669 | 0 | 1602 |
| Invesco QQQ Trust Series I | COM | 46090e103 |  | 2018279 | 7580 | SH |  | SOLE |  | 7580 | 0 | 0 |
| Ishares Tr Russell 2000 Value | COM | 464287630 |  | 2778392 | 20036 | SH |  | SOLE |  | 20036 | 0 | 0 |
| JP Morgan Chase  Co | COM | 46625h100 |  | 1085637 | 8096 | SH |  | SOLE |  | 8096 | 0 | 0 |
| Jabil Circuit Inc | COM | 466313103 |  | 2631224 | 38581 | SH |  | SOLE |  | 38581 | 0 | 0 |
| Jack in the Box Inc. | COM | 466367109 |  | 3849195 | 56415 | SH |  | SOLE |  | 56415 | 0 | 0 |
| Jackson Financial Inc. | COM | 46817M107 |  | 727111 | 20900 | SH |  | SOLE |  | 20900 | 0 | 0 |
| James River Group Holdings Lt | COM | G5005R107 |  | 4115255 | 196808 | SH |  | SOLE |  | 196808 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 817148 | 4626 | SH |  | SOLE |  | 4626 | 0 | 0 |
| KAR Auction Services Inc. | COM | 48238t109 |  | 1261935 | 96700 | SH |  | SOLE |  | 96700 | 0 | 0 |
| KB Home | COM | 48666k109 |  | 5818772 | 182693 | SH |  | SOLE |  | 182693 | 0 | 0 |
| KBR Inc. | COM | 48242w106 |  | 565646 | 10713 | SH |  | SOLE |  | 10713 | 0 | 0 |
| Kaiser Aluminum Corp | COM | 483007704 |  | 4882709 | 64280 | SH |  | SOLE |  | 63210 | 0 | 1070 |
| Kennametal inc. | COM | 489170100 |  | 300750 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| Knowles Corp. | COM | 49926D109 |  | 2023847 | 123255 | SH |  | SOLE |  | 123255 | 0 | 0 |
| Kontoor Brands Inc. | COM | 50050N103 |  | 6766468 | 169204 | SH |  | SOLE |  | 166657 | 0 | 2547 |
| Korn Ferry | COM | 500643200 |  | 1266512 | 25020 | SH |  | SOLE |  | 25020 | 0 | 0 |
| Kulicke  Soffa Industries Inc | COM | 501242101 |  | 1233084 | 27860 | SH |  | SOLE |  | 27860 | 0 | 0 |
| LCI Industries | COM | 50189k103 |  | 982189 | 10624 | SH |  | SOLE |  | 10624 | 0 | 0 |
| Laboratory Corp. of America Ho | COM | 50540r409 |  | 1103695 | 4687 | SH |  | SOLE |  | 4370 | 0 | 317 |
| Lamar Advertising Co Cl A | COM | 512816109 |  | 4134909 | 43802 | SH |  | SOLE |  | 42777 | 0 | 1025 |
| Lamb Weston Holdings Inc. | COM | 513272104 |  | 3011521 | 33701 | SH |  | SOLE |  | 32524 | 0 | 1177 |
| Lockheed Martin | COM | 539830109 |  | 319376 | 656 | SH |  | SOLE |  | 656 | 0 | 0 |
| Lumentum Holdings Inc. | COM | 55024u109 |  | 662559 | 12700 | SH |  | SOLE |  | 12700 | 0 | 0 |
| Luxfer Holdings PLC | COM | g5698w116 |  | 148176 | 10800 | SH |  | SOLE |  | 10800 | 0 | 0 |
| MDU Resource Group | COM | 552690109 |  | 4047029 | 133389 | SH |  | SOLE |  | 129560 | 0 | 3829 |
| MKS Instruments Inc. | COM | 55306n104 |  | 567691 | 6700 | SH |  | SOLE |  | 6700 | 0 | 0 |
| MYR Group Inc. | COM | 55405W104 |  | 883872 | 9600 | SH |  | SOLE |  | 9600 | 0 | 0 |
| Macquarie Global Infrastrcture | COM | 55608d101 |  | 478406 | 21057 | SH |  | SOLE |  | 21057 | 0 | 0 |
| Magnolia Oil  Gas Corp. | COM | 559663109 |  | 862960 | 36800 | SH |  | SOLE |  | 36800 | 0 | 0 |
| ManpowerGroup | COM | 56418H100 |  | 1754067 | 21080 | SH |  | SOLE |  | 21080 | 0 | 0 |
| Marriott Vacations Worldwide C | COM | 57164y107 |  | 5088444 | 37807 | SH |  | SOLE |  | 37807 | 0 | 0 |
| Marvell Technology Inc. | COM | 573874104 |  | 374104 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| Masonite International Corp. | COM | 575385109 |  | 710335 | 8812 | SH |  | SOLE |  | 8812 | 0 | 0 |
| MasterBrand Inc. | COM | 57638p104 |  | 372736 | 49369 | SH |  | SOLE |  | 47690 | 0 | 1679 |
| Maxar Technologies Inc. | COM | 57778k105 |  | 10049564 | 194232 | SH |  | SOLE |  | 194232 | 0 | 0 |
| McGrath Rentals | COM | 580589109 |  | 938030 | 9500 | SH |  | SOLE |  | 9500 | 0 | 0 |
| Medical Properties Trust Inc. | COM | 58463j304 |  | 825300 | 74084 | SH |  | SOLE |  | 74084 | 0 | 0 |
| Mercer International | COM | 588056101 |  | 3960324 | 340234 | SH |  | SOLE |  | 340234 | 0 | 0 |
| Mercury General Corp | COM | 589400100 |  | 213066 | 6230 | SH |  | SOLE |  | 6230 | 0 | 0 |
| Microchip Technology Inc | COM | 595017104 |  | 296881 | 4226 | SH |  | SOLE |  | 4226 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 315775 | 1317 | SH |  | SOLE |  | 1317 | 0 | 0 |
| Mid-Amer Apt Cmntys Inc | COM | 59522j103 |  | 1198159 | 7632 | SH |  | SOLE |  | 7632 | 0 | 0 |
| Minerals Technologies Inc. | COM | 603158106 |  | 1655531 | 27265 | SH |  | SOLE |  | 27265 | 0 | 0 |
| Molson Coors Brewing Co | COM | 60871R209 |  | 3168995 | 61510 | SH |  | SOLE |  | 59634 | 0 | 1876 |
| Mondelez International Inc. | COM | 609207105 |  | 886075 | 13294 | SH |  | SOLE |  | 13294 | 0 | 0 |
| Morgan Stanley | COM | 617446448 |  | 350027 | 4117 | SH |  | SOLE |  | 4117 | 0 | 0 |
| Mueller Water Products Inc. | COM | 624758108 |  | 817760 | 76000 | SH |  | SOLE |  | 76000 | 0 | 0 |
| N-able Inc. | COM | 62878d100 |  | 756968 | 73635 | SH |  | SOLE |  | 66082 | 0 | 7553 |
| NCR Corp | COM | 62886e108 |  | 949884 | 40576 | SH |  | SOLE |  | 40576 | 0 | 0 |
| NRG Energy Inc | COM | 629377508 |  | 3508088 | 110248 | SH |  | SOLE |  | 107286 | 0 | 2962 |
| NVent Electric PLC | COM | g6700g107 |  | 3993994 | 103821 | SH |  | SOLE |  | 100149 | 0 | 3672 |
| National Bank Holdings Corp. | COM | 633707104 |  | 1078170 | 25628 | SH |  | SOLE |  | 25628 | 0 | 0 |
| National Storage Affiliates Tr | COM | 637870106 |  | 4654676 | 128867 | SH |  | SOLE |  | 128867 | 0 | 0 |
| NetScout Systems Inc. | COM | 64115T104 |  | 1765293 | 54300 | SH |  | SOLE |  | 54300 | 0 | 0 |
| Nexstar Media Group Inc. | COM | 65336K103 |  | 9944798 | 56818 | SH |  | SOLE |  | 56273 | 0 | 545 |
| Northeast Community Bancorp In | COM | 664121100 |  | 790760 | 53000 | SH |  | SOLE |  | 53000 | 0 | 0 |
| Nu Skin Enterprises | COM | 67018t105 |  | 4254070 | 100903 | SH |  | SOLE |  | 100903 | 0 | 0 |
| OGE Energy Corp. | COM | 670837103 |  | 1729917 | 43740 | SH |  | SOLE |  | 43740 | 0 | 0 |
| OSI Systems Inc. | COM | 671044105 |  | 1225880 | 15416 | SH |  | SOLE |  | 15416 | 0 | 0 |
| Oceaneering Intl Inc | COM | 675232102 |  | 557931 | 31900 | SH |  | SOLE |  | 31900 | 0 | 0 |
| Oceanfirst Financial Corporati | COM | 675234108 |  | 4669645 | 219748 | SH |  | SOLE |  | 219748 | 0 | 0 |
| Old National Bancorp | COM | 680033107 |  | 2401714 | 133577 | SH |  | SOLE |  | 133577 | 0 | 0 |
| Olin Corp | COM | 680665205 |  | 7824214 | 147794 | SH |  | SOLE |  | 147794 | 0 | 0 |
| Omnicell Inc. | COM | 68213N109 |  | 395797 | 7850 | SH |  | SOLE |  | 7850 | 0 | 0 |
| Omnicom Group Inc. | COM | 681919106 |  | 1770069 | 21700 | SH |  | SOLE |  | 21700 | 0 | 0 |
| Onto Innovation | COM | 683344105 |  | 1640969 | 24100 | SH |  | SOLE |  | 24100 | 0 | 0 |
| Organon  Co. | COM | 68622v106 |  | 3397266 | 121635 | SH |  | SOLE |  | 121635 | 0 | 0 |
| Orion Engineered Carbons S.A. | COM | L72967109 |  | 1870460 | 105023 | SH |  | SOLE |  | 105023 | 0 | 0 |
| Oshkosh Corporation | COM | 688239201 |  | 2075640 | 23536 | SH |  | SOLE |  | 23536 | 0 | 0 |
| Otis Worldwide Corp. | COM | 68902V107 |  | 676207 | 8635 | SH |  | SOLE |  | 8635 | 0 | 0 |
| Outfront Media Inc. | COM | 69007J106 |  | 5305948 | 320021 | SH |  | SOLE |  | 314677 | 0 | 5344 |
| Oxford Ind Inc | COM | 691497309 |  | 354084 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| PJT Partners Inc. | COM | 69343T107 |  | 1729357 | 23468 | SH |  | SOLE |  | 23468 | 0 | 0 |
| PROG Holdings Inc. | COM | 74319r101 |  | 827086 | 48969 | SH |  | SOLE |  | 48969 | 0 | 0 |
| PVH Corp. | COM | 693656100 |  | 2557052 | 36224 | SH |  | SOLE |  | 34866 | 0 | 1358 |
| PacWest Bancorp | COM | 695263103 |  | 590366 | 25724 | SH |  | SOLE |  | 23232 | 0 | 2492 |
| Pacific Premier Bancorp Inc. | COM | 69478x105 |  | 4771178 | 151178 | SH |  | SOLE |  | 151178 | 0 | 0 |
| Patterson Companies | COM | 703395103 |  | 1536044 | 54800 | SH |  | SOLE |  | 54800 | 0 | 0 |
| Patterson Uti Energy | COM | 703481101 |  | 870628 | 51700 | SH |  | SOLE |  | 51700 | 0 | 0 |
| Paya Holdings Inc. Cl A | COM | 70434P103 |  | 513124 | 65200 | SH |  | SOLE |  | 65200 | 0 | 0 |
| Paypal Inc. | COM | 70450y103 |  | 379460 | 5328 | SH |  | SOLE |  | 5328 | 0 | 0 |
| Pennant Group Inc. | COM | 70805e109 |  | 679915 | 61923 | SH |  | SOLE |  | 55389 | 0 | 6534 |
| Penske Automotive | COM | 70959w103 |  | 5711446 | 49695 | SH |  | SOLE |  | 48940 | 0 | 755 |
| Perma-Pipe International Holdi | COM | 714167103 |  | 105462 | 11160 | SH |  | SOLE |  | 11160 | 0 | 0 |
| Perrigo Co. PLC | COM | g97822103 |  | 7809542 | 229086 | SH |  | SOLE |  | 229086 | 0 | 0 |
| Pfizer Inc. | COM | 717081103 |  | 2039825 | 39809 | SH |  | SOLE |  | 39809 | 0 | 0 |
| Pioneer Bancorp Inc. | COM | 723561106 |  | 171000 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| Pioneer Natural Resources | COM | 723787107 |  | 2343510 | 10261 | SH |  | SOLE |  | 10261 | 0 | 0 |
| Ponce Financial Group Inc. | COM | 69290x101 |  | 360852 | 38718 | SH |  | SOLE |  | 38718 | 0 | 0 |
| Popular Inc | COM | 733174700 |  | 3463297 | 52221 | SH |  | SOLE |  | 50745 | 0 | 1476 |
| Premier Inc. | COM | 74051n102 |  | 1848238 | 52837 | SH |  | SOLE |  | 52837 | 0 | 0 |
| Primo Water Corporation | COM | 74167P108 |  | 6849861 | 440789 | SH |  | SOLE |  | 433889 | 0 | 6900 |
| Primoris Services Corp | COM | 74164f103 |  | 5508805 | 251085 | SH |  | SOLE |  | 251085 | 0 | 0 |
| Progress Software Corp. | COM | 743312100 |  | 6369514 | 126254 | SH |  | SOLE |  | 126254 | 0 | 0 |
| Prosperity Bancshares Inc. | COM | 743606105 |  | 1908577 | 26260 | SH |  | SOLE |  | 26260 | 0 | 0 |
| RPM International Inc. | COM | 749685103 |  | 1335650 | 13706 | SH |  | SOLE |  | 13706 | 0 | 0 |
| RXO Inc. | COM | 74982T103 |  | 774929 | 45054 | SH |  | SOLE |  | 40937 | 0 | 4117 |
| Raytheon Technologies Corp. | COM | 75513E101 |  | 1254647 | 12432 | SH |  | SOLE |  | 12432 | 0 | 0 |
| Reinsurance Group of America I | COM | 759351604 |  | 2976928 | 20951 | SH |  | SOLE |  | 20951 | 0 | 0 |
| Richmond Mutual Bancorporation | COM | 76525P100 |  | 1889803 | 145258 | SH |  | SOLE |  | 145258 | 0 | 0 |
| Rush Enterprises Inc. Cl A | COM | 781846209 |  | 1079582 | 20650 | SH |  | SOLE |  | 20650 | 0 | 0 |
| Ruth's Hospitality Group Inc. | COM | 783332109 |  | 1212982 | 78358 | SH |  | SOLE |  | 78358 | 0 | 0 |
| Ryder System Inc. | COM | 783549108 |  | 1804443 | 21592 | SH |  | SOLE |  | 21592 | 0 | 0 |
| S MidCap 400 Spdrs | COM | 78467y107 |  | 1801925 | 4069 | SH |  | SOLE |  | 4069 | 0 | 0 |
| SPDR Dow Jones Industrial Aver | COM | 78467x109 |  | 298197 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| SPDR S 400 Mid Cap Growth ET | COM | 78464a821 |  | 2195063 | 33594 | SH |  | SOLE |  | 33594 | 0 | 0 |
| SPDR S 500 ETF | COM | 78462f103 |  | 8179440 | 21388 | SH |  | SOLE |  | 21388 | 0 | 0 |
| Sanmina Corp. | COM | 801056102 |  | 1887935 | 32954 | SH |  | SOLE |  | 32954 | 0 | 0 |
| Sempra | COM | 816851109 |  | 339061 | 2194 | SH |  | SOLE |  | 2194 | 0 | 0 |
| Shoe Carnival Inc. | COM | 824889109 |  | 4309060 | 180220 | SH |  | SOLE |  | 180220 | 0 | 0 |
| Shyft Group Inc. | COM | 825698103 |  | 1743233 | 70122 | SH |  | SOLE |  | 70122 | 0 | 0 |
| Silicon Motion Technology Corp | COM | 82706c108 |  | 981999 | 15110 | SH |  | SOLE |  | 15110 | 0 | 0 |
| Silvercrest Asset Management G | COM | 828359109 |  | 3150357 | 167840 | SH |  | SOLE |  | 167840 | 0 | 0 |
| Skyline Champion Corp. | COM | 830830105 |  | 405384 | 7870 | SH |  | SOLE |  | 7870 | 0 | 0 |
| Skyworks Solutions Inc. | COM | 83088m102 |  | 1842557 | 20219 | SH |  | SOLE |  | 20219 | 0 | 0 |
| Snap On Inc | COM | 833034101 |  | 250654 | 1097 | SH |  | SOLE |  | 1097 | 0 | 0 |
| South Jersey Inds Inc. | COM | 838518108 |  | 7414578 | 208685 | SH |  | SOLE |  | 208685 | 0 | 0 |
| South Plains Financial Inc. | COM | 83946P107 |  | 4448270 | 161579 | SH |  | SOLE |  | 161579 | 0 | 0 |
| SouthState Corp. | COM | 840441109 |  | 8206562 | 107472 | SH |  | SOLE |  | 106275 | 0 | 1197 |
| Spectrum Brands Holdings Inc. | COM | 84790A105 |  | 7039732 | 115557 | SH |  | SOLE |  | 113570 | 0 | 1987 |
| Spire Global Inc. | COM | 848560108 |  | 16631 | 17324 | SH |  | SOLE |  | 17324 | 0 | 0 |
| Spirit AeroSystems Holdings In | COM | 848574109 |  | 3060640 | 103400 | SH |  | SOLE |  | 103400 | 0 | 0 |
| Stag Industrial Inc. | COM | 85254j102 |  | 6800415 | 210474 | SH |  | SOLE |  | 210474 | 0 | 0 |
| Standard Motor Products Inc. | COM | 853666105 |  | 4333748 | 124533 | SH |  | SOLE |  | 124533 | 0 | 0 |
| Stewart Information Svcs Corp | COM | 860372101 |  | 260653 | 6100 | SH |  | SOLE |  | 6100 | 0 | 0 |
| Stifel Financial Corp. | COM | 860630102 |  | 569108 | 9750 | SH |  | SOLE |  | 9750 | 0 | 0 |
| Summit Materials Inc. Cl A | COM | 86614u100 |  | 1046375 | 36857 | SH |  | SOLE |  | 33174 | 0 | 3683 |
| Supernus Pharmaceuticals | COM | 868459108 |  | 513648 | 14400 | SH |  | SOLE |  | 14400 | 0 | 0 |
| Synovus Financial Corp | COM | 87161C501 |  | 7206784 | 191925 | SH |  | SOLE |  | 188937 | 0 | 2988 |
| TD SYNNEX Corporation | COM | 87162W100 |  | 2767142 | 29217 | SH |  | SOLE |  | 28205 | 0 | 1012 |
| TRI Pointe Homes Inc. | COM | 87265H109 |  | 983485 | 52904 | SH |  | SOLE |  | 48057 | 0 | 4847 |
| TTEC Holdings Inc. | COM | 89854H102 |  | 2815715 | 63805 | SH |  | SOLE |  | 63805 | 0 | 0 |
| TTM Technologies Inc. | COM | 87305R109 |  | 2845596 | 188700 | SH |  | SOLE |  | 188700 | 0 | 0 |
| TechnipFMC PLC | COM | g87110105 |  | 7268019 | 596228 | SH |  | SOLE |  | 586258 | 0 | 9970 |
| Teradata Corp. | COM | 88076W103 |  | 306104 | 9094 | SH |  | SOLE |  | 9094 | 0 | 0 |
| Texas Capital Bancshares Inc. | COM | 88224q107 |  | 1676437 | 27797 | SH |  | SOLE |  | 27797 | 0 | 0 |
| Textainer Group Hldgs LTD | COM | g8766e109 |  | 400029 | 12900 | SH |  | SOLE |  | 12900 | 0 | 0 |
| Third Coast Bancshares Inc. | COM | 88422p109 |  | 189829 | 10300 | SH |  | SOLE |  | 10300 | 0 | 0 |
| Timberland Bancorp Inc. | COM | 887098101 |  | 4668984 | 136800 | SH |  | SOLE |  | 136800 | 0 | 0 |
| Timken Co. | COM | 887389104 |  | 1388595 | 19649 | SH |  | SOLE |  | 19649 | 0 | 0 |
| TriMas Corp. | COM | 896215209 |  | 742572 | 26769 | SH |  | SOLE |  | 26769 | 0 | 0 |
| Triumph Group Inc. | COM | 896818101 |  | 921384 | 87584 | SH |  | SOLE |  | 87584 | 0 | 0 |
| UGI Corp. | COM | 902681105 |  | 1520352 | 41013 | SH |  | SOLE |  | 41013 | 0 | 0 |
| UMB Financial Corp. | COM | 902788108 |  | 1475715 | 17669 | SH |  | SOLE |  | 17669 | 0 | 0 |
| USCB Financial Holdings Inc. | COM | 90355n101 |  | 320860 | 26300 | SH |  | SOLE |  | 26300 | 0 | 0 |
| Umpqua Holdings Corp. | COM | 904214103 |  | 4925672 | 275948 | SH |  | SOLE |  | 270562 | 0 | 5386 |
| Unilever Plc ADR | COM | 904767704 |  | 226575 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| Unisys Corp. | COM | 909214306 |  | 252945 | 49500 | SH |  | SOLE |  | 49500 | 0 | 0 |
| Universal Health Services Inc | COM | 913903100 |  | 1700683 | 12071 | SH |  | SOLE |  | 12071 | 0 | 0 |
| Univest Financial Corp. | COM | 915271100 |  | 418080 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| Urban Outfitters Inc | COM | 917047102 |  | 386370 | 16200 | SH |  | SOLE |  | 16200 | 0 | 0 |
| VSE Corp. | COM | 918284100 |  | 5310801 | 113285 | SH |  | SOLE |  | 113285 | 0 | 0 |
| Valero Energy Corp | COM | 91913Y100 |  | 1373133 | 10824 | SH |  | SOLE |  | 10824 | 0 | 0 |
| Valley National Bancorp. | COM | 919794107 |  | 938956 | 83020 | SH |  | SOLE |  | 83020 | 0 | 0 |
| Valvoline Inc. | COM | 92047W101 |  | 2148794 | 65813 | SH |  | SOLE |  | 62999 | 0 | 2814 |
| Vanguard Dividend Appreciation | COM | 921908844 |  | 1220570 | 8038 | SH |  | SOLE |  | 8038 | 0 | 0 |
| Vanguard FTSE Emerging Markets | COM | 922042858 |  | 1723983 | 44227 | SH |  | SOLE |  | 44227 | 0 | 0 |
| Vanguard FTSE Europe ETF | COM | 922042874 |  | 248870 | 4489 | SH |  | SOLE |  | 4489 | 0 | 0 |
| Vanguard Financials ETF | COM | 92204a405 |  | 4923435 | 59512 | SH |  | SOLE |  | 59512 | 0 | 0 |
| Vanguard Index Small Cap Fund | COM | 922908751 |  | 2219577 | 12093 | SH |  | SOLE |  | 12093 | 0 | 0 |
| Vanguard Intermediate-Term Cor | COM | 92206C870 |  | 686429 | 8856 | SH |  | SOLE |  | 8856 | 0 | 0 |
| Vanguard Mid-Cap ETF | COM | 922908629 |  | 393793 | 1932 | SH |  | SOLE |  | 1932 | 0 | 0 |
| Vanguard Muni Bond Tax Exempt | COM | 922907746 |  | 590218 | 11926 | SH |  | SOLE |  | 11926 | 0 | 0 |
| Vanguard Russell 1000 Growth E | COM | 92206C680 |  | 712426 | 12925 | SH |  | SOLE |  | 12925 | 0 | 0 |
| Vanguard Total Stock Market ET | COM | 922908769 |  | 9068630 | 47433 | SH |  | SOLE |  | 47433 | 0 | 0 |
| Ventas Inc. | COM | 92276F100 |  | 1009783 | 22415 | SH |  | SOLE |  | 22415 | 0 | 0 |
| Verint Systems Inc. | COM | 92343X100 |  | 1379184 | 38015 | SH |  | SOLE |  | 36108 | 0 | 1907 |
| Veritex Holdings Inc. | COM | 923451108 |  | 1423656 | 50700 | SH |  | SOLE |  | 50700 | 0 | 0 |
| Vici Properties Inc | COM | 925652109 |  | 3203420 | 98871 | SH |  | SOLE |  | 96239 | 0 | 2632 |
| Victoria's Secret  Co | COM | 926400102 |  | 2231527 | 62368 | SH |  | SOLE |  | 60000 | 0 | 2368 |
| Victory Capital Holdings Inc. | COM | 92645B103 |  | 4482354 | 167065 | SH |  | SOLE |  | 167065 | 0 | 0 |
| Vimeo Inc. | COM | 92719v100 |  | 188650 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| Virtu Financial Inc. | COM | 928254101 |  | 7005610 | 343244 | SH |  | SOLE |  | 338920 | 0 | 4324 |
| Vontier Corp. | COM | 928881101 |  | 705932 | 36520 | SH |  | SOLE |  | 32836 | 0 | 3684 |
| Voya FinancialInc. | COM | 929089100 |  | 3720353 | 60503 | SH |  | SOLE |  | 58748 | 0 | 1755 |
| Vulcan Material Co. | COM | 929160109 |  | 2073996 | 11844 | SH |  | SOLE |  | 11844 | 0 | 0 |
| WEX Inc. | COM | 96208t104 |  | 1346512 | 8228 | SH |  | SOLE |  | 7577 | 0 | 651 |
| WSFS Financial Corp. | COM | 929328102 |  | 1338391 | 29519 | SH |  | SOLE |  | 29519 | 0 | 0 |
| Walt Disney Co. | COM | 254687106 |  | 540078 | 6216 | SH |  | SOLE |  | 6216 | 0 | 0 |
| Washington Federal Inc. | COM | 938824109 |  | 613965 | 18300 | SH |  | SOLE |  | 18300 | 0 | 0 |
| Washington Trust Bancorp Inc. | COM | 940610108 |  | 470385 | 9970 | SH |  | SOLE |  | 9970 | 0 | 0 |
| Waterstone Financial Inc | COM | 94188p101 |  | 172400 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| Webster Financial Corp. | COM | 947890109 |  | 317793 | 6713 | SH |  | SOLE |  | 6713 | 0 | 0 |
| Weyerhauser | COM | 962166104 |  | 388375 | 12528 | SH |  | SOLE |  | 12528 | 0 | 0 |
| Winnebago Industries Inc. | COM | 974637100 |  | 1257211 | 23856 | SH |  | SOLE |  | 23856 | 0 | 0 |
| Wintrust Financial Corp | COM | 97650W108 |  | 5870675 | 69459 | SH |  | SOLE |  | 68405 | 0 | 1054 |
| WisdomTree India Earnings Fund | COM | 97717w422 |  | 267629 | 8212 | SH |  | SOLE |  | 8212 | 0 | 0 |
| Wyndham Hotels  Resorts Inc. | COM | 98311a105 |  | 2455132 | 34429 | SH |  | SOLE |  | 33208 | 0 | 1221 |
| XPO Inc. | COM | 983793100 |  | 687106 | 20640 | SH |  | SOLE |  | 18754 | 0 | 1886 |
| Ziff Davis Inc. | COM | 48123v102 |  | 952127 | 12037 | SH |  | SOLE |  | 10793 | 0 | 1244 |
| ZimVie Inc. | COM | 98888t107 |  | 725578 | 77685 | SH |  | SOLE |  | 70591 | 0 | 7094 |
| Zoetis Inc. CL A | COM | 98978v103 |  | 786974 | 5370 | SH |  | SOLE |  | 5370 | 0 | 0 |
| iShares Core S 500 ETF | COM | 464287200 |  | 28831924 | 75042 | SH |  | SOLE |  | 75042 | 0 | 0 |
| iShares Core S Mid-Cap ETF | COM | 464287507 |  | 359449 | 1486 | SH |  | SOLE |  | 1486 | 0 | 0 |
| iShares Global Tech ETF | COM | 464287291 |  | 268980 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| iShares MSCI Emerging Markets | COM | 464287234 |  | 523190 | 13804 | SH |  | SOLE |  | 13804 | 0 | 0 |
| iShares Residential Rel Est Ca | COM | 464288562 |  | 4666237 | 68280 | SH |  | SOLE |  | 68280 | 0 | 0 |
| iShares U.S. Utilities ETF | COM | 464287697 |  | 240149 | 2775 | SH |  | SOLE |  | 2775 | 0 | 0 |
| nLight Inc. | COM | 65487k100 |  | 421824 | 41600 | SH |  | SOLE |  | 41600 | 0 | 0 |
| Anzu Special Acquisition Corp. | WT | 03737a119 |  | 605 | 15921 | SH |  | SOLE |  | 14619 | 0 | 1302 |
| TLG Acquisition One Corp. Wt | WT | 87257M116 |  | 691 | 16864 | SH |  | SOLE |  | 15538 | 0 | 1326 |

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