# EDGAR Filing Document

**Accession Number:** 0001966007
**File Stem:** 0001398344-25-013981
**Filing Date:** 2025-7
**Character Count:** 33402
**Document Hash:** d5f6e0fa80acc3952ee0a64a5d82a3fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-013981.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001398344-25-013981

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**EFFECTIVENESS DATE**: 20250729

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Applied Finance Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001966007

**ORGANIZATION NAME:**
- **EIN:** 660823991
- **STATE OF INCORPORATION:** PR

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23109
- **FILM NUMBER:** 251158562

**BUSINESS ADDRESS:**
- **STREET 1:** 53 CALLE PALMERAS
- **STREET 2:** SUITE 601
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00901
- **BUSINESS PHONE:** 787-626-0404

**MAIL ADDRESS:**
- **STREET 1:** 53 CALLE PALMERAS
- **STREET 2:** SUITE 601
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00901

### 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:** Applied Finance Capital Management LLC<br>**Address:** 53 CALLE PALMERAS<br>SUITE 601<br>SAN JUAN, PR 00901

**Form 13F File Number:** 028-23109

**CRD Number (if applicable):** 000226755

**SEC File Number (if applicable):** 801-98338

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** David D. Jones<br>**Title:** Chief Compliance Officer<br>**Phone:** 210-540-1681

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

/s/ David D. Jones  San Antonio, TX  07-28-2025<br>[Signature]  [City, State]  [Date]

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

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

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

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

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 308

**Form 13F Information Table Value Total:** $1463422227

      (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 |
| APPLE INC. | COM | 037833100 |  | 55576210 | 270896 | SH |  | SOLE |  | 268578 | 0 | 2318 |
| ORACLE CORP | COM | 68389X105 |  | 51005179 | 233335 | SH |  | SOLE |  | 230213 | 0 | 3122 |
| META PLATFORMS INC | COM | 30303M102 |  | 47542227 | 64414 | SH |  | SOLE |  | 63679 | 0 | 735 |
| ALPHABET INC | COM | 02079K305 |  | 45771066 | 259713 | SH |  | SOLE |  | 257380 | 0 | 2333 |
| KLA CORP | COM | 482480100 |  | 42188385 | 47101 | SH |  | SOLE |  | 46352 | 0 | 749 |
| APPLIED MATERIALS INC. | COM | 038222105 |  | 39751208 | 217136 | SH |  | SOLE |  | 214076 | 0 | 3060 |
| INTERNATIONAL BUSINESS MACHINE | COM | 459200101 |  | 38711226 | 131337 | SH |  | SOLE |  | 129475 | 0 | 1862 |
| CISCO SYSTEMS INCORPORATED | COM | 17275R102 |  | 35250149 | 508109 | SH |  | SOLE |  | 496807 | 0 | 11302 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 32178139 | 203672 | SH |  | SOLE |  | 203672 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 32169424 | 83152 | SH |  | SOLE |  | 81984 | 0 | 1168 |
| MICROSOFT CORPORATION | COM | 594918104 |  | 30833948 | 61989 | SH |  | SOLE |  | 61474 | 0 | 515 |
| WALT DISNEY CO | COM | 254687106 |  | 30165669 | 243268 | SH |  | SOLE |  | 240326 | 0 | 2942 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 29813756 | 52598 | SH |  | SOLE |  | 51843 | 0 | 755 |
| MASTERCARD INC. | COM | 57636Q104 |  | 28026786 | 49880 | SH |  | SOLE |  | 49214 | 0 | 666 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 27854134 | 96083 | SH |  | SOLE |  | 94065 | 0 | 2018 |
| HP INC | COM | 40434L105 |  | 27077953 | 1106961 | SH |  | SOLE |  | 1085838 | 0 | 21123 |
| AMERIPRISE FINANCIAL INC. | COM | 03076C106 |  | 26856035 | 50320 | SH |  | SOLE |  | 49332 | 0 | 988 |
| QUANTA SERVICES INCORPORATED | COM | 74762E102 |  | 26599250 | 70351 | SH |  | SOLE |  | 69639 | 0 | 712 |
| VERIZON COMMUNICATIONS | COM | 92343V104 |  | 26459744 | 611583 | SH |  | SOLE |  | 598918 | 0 | 12665 |
| BANK OF AMERICA CORPORATION | COM | 060505104 |  | 25717145 | 543486 | SH |  | SOLE |  | 537000 | 0 | 6486 |
| CBRE GROUP INCORPORATED | COM | 12504L109 |  | 24042994 | 171593 | SH |  | SOLE |  | 169604 | 0 | 1989 |
| APTIV PLC | COM | G3265R107 |  | 23970181 | 351350 | SH |  | SOLE |  | 346792 | 0 | 4558 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 23955048 | 89546 | SH |  | SOLE |  | 87605 | 0 | 1941 |
| DARDEN RESTAURANTS INC. | COM | 237194105 |  | 23336970 | 107070 | SH |  | SOLE |  | 104448 | 0 | 2622 |
| METLIFE INC. | COM | 59156R108 |  | 23028981 | 286360 | SH |  | SOLE |  | 282976 | 0 | 3384 |
| UNITED RENTALS INC | COM | 911363109 |  | 22916381 | 30417 | SH |  | SOLE |  | 30105 | 0 | 312 |
| DR HORTON INC | COM | 23331A109 |  | 22392880 | 173697 | SH |  | SOLE |  | 171806 | 0 | 1891 |
| LOWE'S COMPANIES INC. | COM | 548661107 |  | 21424058 | 96558 | SH |  | SOLE |  | 95404 | 0 | 1154 |
| WESTINGHOUSE AIR BRAKE TECHNOL | COM | 929740108 |  | 21122124 | 100898 | SH |  | SOLE |  | 99701 | 0 | 1197 |
| CUMMINS INC | COM | 231021106 |  | 19910447 | 60797 | SH |  | SOLE |  | 60166 | 0 | 631 |
| UNION PACIFIC CORPORATION | COM | 907818108 |  | 18788088 | 81657 | SH |  | SOLE |  | 80587 | 0 | 1070 |
| LKQ CORPORATION | COM | 501889208 |  | 18701624 | 505303 | SH |  | SOLE |  | 497836 | 0 | 7467 |
| FISERV INC. | COM | 337738108 |  | 17300263 | 100344 | SH |  | SOLE |  | 99024 | 0 | 1320 |
| MCKESSON CORPORATION | COM | 58155Q103 |  | 16892067 | 23053 | SH |  | SOLE |  | 22738 | 0 | 315 |
| TARGET CORPORATION | COM | 87612E106 |  | 16890506 | 171213 | SH |  | SOLE |  | 167437 | 0 | 3776 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 16610367 | 502444 | SH |  | SOLE |  | 497535 | 0 | 4909 |
| STRYKER CORPORATION | COM | 863667101 |  | 15797030 | 39930 | SH |  | SOLE |  | 39444 | 0 | 486 |
| INCYTE CORP | COM | 45337C102 |  | 15595221 | 229000 | SH |  | SOLE |  | 226327 | 0 | 2673 |
| MERCK  CO.  INC. | COM | 58933Y105 |  | 15411037 | 194683 | SH |  | SOLE |  | 189731 | 0 | 4952 |
| CONSTELLATION BRANDS INC. | COM | 21036P108 |  | 15187061 | 93359 | SH |  | SOLE |  | 92058 | 0 | 1301 |
| CVS HEALTH CORP | COM | 126650100 |  | 15015302 | 217684 | SH |  | SOLE |  | 214986 | 0 | 2698 |
| TYSON FOODS INC. | COM | 902494103 |  | 14818141 | 264913 | SH |  | SOLE |  | 261355 | 0 | 3558 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 13611441 | 101260 | SH |  | SOLE |  | 100141 | 0 | 1119 |
| DANAHER CORP | COM | 235851102 |  | 12984326 | 65728 | SH |  | SOLE |  | 65005 | 0 | 723 |
| PUBLIC SERVICE ENTERPRISE GROU | COM | 744573106 |  | 12737526 | 151319 | SH |  | SOLE |  | 146906 | 0 | 4413 |
| THERMO FISHER SCIENTIFIC INC. | COM | 883556102 |  | 12540379 | 30928 | SH |  | SOLE |  | 30609 | 0 | 319 |
| REGENERON PHARMACEUTICALS INCO | COM | 75886F107 |  | 12065789 | 22983 | SH |  | SOLE |  | 22744 | 0 | 239 |
| BROADCOM INC | COM | 11135F101 |  | 11768877 | 42695 | SH |  | SOLE |  | 42238 | 0 | 457 |
| CHEVRON CORP | COM | 166764100 |  | 11734507 | 81949 | SH |  | SOLE |  | 79614 | 0 | 2335 |
| DTE ENERGY COMPANY | COM | 233331107 |  | 11673635 | 88133 | SH |  | SOLE |  | 86903 | 0 | 1230 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 10957500 | 122100 | SH |  | SOLE |  | 120701 | 0 | 1399 |
| SHERWIN-WILLIAMS CO | COM | 824348106 |  | 10581607 | 30817 | SH |  | SOLE |  | 30401 | 0 | 416 |
| CELANESE CORPORATION | COM | 150870103 |  | 8806374 | 159145 | SH |  | SOLE |  | 157586 | 0 | 1559 |
| VISA INCORPORATION | COM | 92826C839 |  | 6522979 | 18372 | SH |  | SOLE |  | 18372 | 0 | 0 |
| NANO LABS LTD | COM | 464287598 |  | 4867023 | 25059 | SH |  | SOLE |  | 25059 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4598692 | 30106 | SH |  | SOLE |  | 28729 | 0 | 1377 |
| ABBVIE INC | COM | 00287Y109 |  | 4121692 | 22205 | SH |  | SOLE |  | 21028 | 0 | 1177 |
| ACCENTURE PLC | COM | G1151C101 |  | 2859780 | 9568 | SH |  | SOLE |  | 8947 | 0 | 621 |
| APPLIED FINANCE VALUATION LARGE CAP ETF | COM | 26923N405 |  | 2775669 | 71387 | SH |  | SOLE |  | 0 | 0 | 71387 |
| WELLS FARGO  COMPANY | COM | 949746101 |  | 2740665 | 34207 | SH |  | SOLE |  | 34207 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 2518319 | 435 | SH |  | SOLE |  | 435 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 2514120 | 10552 | SH |  | SOLE |  | 10552 | 0 | 0 |
| AMERICAN EXPRESS COMPANY | COM | 025816109 |  | 2481345 | 7779 | SH |  | SOLE |  | 7779 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 2427486 | 8902 | SH |  | SOLE |  | 8902 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 2421213 | 3421 | SH |  | SOLE |  | 3421 | 0 | 0 |
| CAPITAL ONE FINANCIAL CORPORAT | COM | 14040H105 |  | 2390146 | 11234 | SH |  | SOLE |  | 11234 | 0 | 0 |
| CATERPILLAR INC. | COM | 149123101 |  | 2203868 | 5677 | SH |  | SOLE |  | 5677 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 2110044 | 72911 | SH |  | SOLE |  | 72911 | 0 | 0 |
| PNC FINANCIAL SERVICES GROUP I | COM | 693475105 |  | 2035706 | 10920 | SH |  | SOLE |  | 9642 | 0 | 1278 |
| NORFOLK SOUTHERN CORPORATION | COM | 655844108 |  | 2024723 | 7910 | SH |  | SOLE |  | 6787 | 0 | 1123 |
| LAM RESEARCH CORPORATION | COM | 512807306 |  | 1963445 | 20171 | SH |  | SOLE |  | 19034 | 0 | 1137 |
| QUALCOMM INCORPORATED | COM | 747525103 |  | 1908094 | 11981 | SH |  | SOLE |  | 11981 | 0 | 0 |
| MARRIOTT INTERNATIONAL INC. | COM | 571903202 |  | 1840616 | 6737 | SH |  | SOLE |  | 6436 | 0 | 301 |
| COMCAST CORP | COM | 20030N101 |  | 1822224 | 51057 | SH |  | SOLE |  | 51057 | 0 | 0 |
| GILEAD SCIENCES INC. | COM | 375558103 |  | 1784564 | 16096 | SH |  | SOLE |  | 16096 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 1776892 | 6364 | SH |  | SOLE |  | 6364 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1726349 | 71219 | SH |  | SOLE |  | 71219 | 0 | 0 |
| HILTON WORLDWIDE HOLDINGS INC | COM | 43300A203 |  | 1710435 | 6422 | SH |  | SOLE |  | 6079 | 0 | 343 |
| DELL TECHNOLOGIES INC | COM | 24703L202 |  | 1709167 | 13941 | SH |  | SOLE |  | 13941 | 0 | 0 |
| ARISTA NETWORKS INC | COM | 040413205 |  | 1655069 | 16177 | SH |  | SOLE |  | 16177 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 1639321 | 6143 | SH |  | SOLE |  | 6143 | 0 | 0 |
| O'REILLY AUTOMOTIVE INC. | COM | 67103H107 |  | 1562854 | 17340 | SH |  | SOLE |  | 16545 | 0 | 795 |
| APPLOVIN CORP | COM | 03831W108 |  | 1551555 | 4432 | SH |  | SOLE |  | 4432 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 1527803 | 3988 | SH |  | SOLE |  | 3758 | 0 | 230 |
| AON PLC | COM | G0403H108 |  | 1449516 | 4063 | SH |  | SOLE |  | 4063 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 1425954 | 4418 | SH |  | SOLE |  | 4418 | 0 | 0 |
| MOODY'S CORPORATION | COM | 615369105 |  | 1389906 | 2771 | SH |  | SOLE |  | 2771 | 0 | 0 |
| ROYAL CARIBBEAN CRUISES LTD. | COM | V7780T103 |  | 1388150 | 4433 | SH |  | SOLE |  | 4433 | 0 | 0 |
| AUTOZONE INC. | COM | 053332102 |  | 1373525 | 370 | SH |  | SOLE |  | 370 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 1370015 | 4569 | SH |  | SOLE |  | 4569 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | COM | G8994E103 |  | 1359470 | 3108 | SH |  | SOLE |  | 3108 | 0 | 0 |
| CHUBB LTD | COM | H1467J104 |  | 1350675 | 4662 | SH |  | SOLE |  | 4662 | 0 | 0 |
| CHARTER COMMUNICATIONS INC | COM | 16119P108 |  | 1296745 | 3172 | SH |  | SOLE |  | 3172 | 0 | 0 |
| PAYPAL HOLDINGS INC | COM | 70450Y103 |  | 1291682 | 17380 | SH |  | SOLE |  | 17380 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 1274952 | 39073 | SH |  | SOLE |  | 37543 | 0 | 1530 |
| APOLLO GLOBAL MANAGEMENT INC | COM | 03769M106 |  | 1223487 | 8624 | SH |  | SOLE |  | 8624 | 0 | 0 |
| VERTIV HOLDINGS CO | COM | 92537N108 |  | 1218739 | 9491 | SH |  | SOLE |  | 9491 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES NV | COM | N53745100 |  | 1213208 | 20968 | SH |  | SOLE |  | 17693 | 0 | 3275 |
| CHENIERE ENERGY INC. | COM | 16411R208 |  | 1174740 | 4824 | SH |  | SOLE |  | 4824 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 1170636 | 1676 | SH |  | SOLE |  | 1676 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 1165874 | 12696 | SH |  | SOLE |  | 12551 | 0 | 145 |
| FORTINET INCORPORATION | COM | 34959E109 |  | 1120632 | 10600 | SH |  | SOLE |  | 10600 | 0 | 0 |
| UGI CORPORATION | COM | 902681105 |  | 1108042 | 30424 | SH |  | SOLE |  | 24030 | 0 | 6394 |
| VISTRA CORP | COM | 92840M102 |  | 1106461 | 5709 | SH |  | SOLE |  | 5709 | 0 | 0 |
| US BANCORP | COM | 902973304 |  | 1105820 | 24438 | SH |  | SOLE |  | 24438 | 0 | 0 |
| HASBRO INC | COM | 418056107 |  | 1103757 | 14952 | SH |  | SOLE |  | 11297 | 0 | 3655 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 1090903 | 4349 | SH |  | SOLE |  | 4349 | 0 | 0 |
| MONDELEZ INTERNATIONAL INCORPO | COM | 609207105 |  | 1081940 | 16043 | SH |  | SOLE |  | 16043 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 1071974 | 2756 | SH |  | SOLE |  | 2756 | 0 | 0 |
| GENERAL DYNAMICS CORPORATION | COM | 369550108 |  | 1061934 | 3641 | SH |  | SOLE |  | 3641 | 0 | 0 |
| EOG RESOURCES INC | COM | 26875P101 |  | 1049697 | 8776 | SH |  | SOLE |  | 8776 | 0 | 0 |
| INGREDION INCORPORATION | COM | 457187102 |  | 1048885 | 7734 | SH |  | SOLE |  | 6085 | 0 | 1649 |
| ZOETIS INC | COM | 98978V103 |  | 1047828 | 6719 | SH |  | SOLE |  | 6719 | 0 | 0 |
| MARATHON PETROLEUM CORP | COM | 56585A102 |  | 1036693 | 6241 | SH |  | SOLE |  | 4753 | 0 | 1488 |
| STATE STREET CORP | COM | 857477103 |  | 1033944 | 9723 | SH |  | SOLE |  | 7296 | 0 | 2427 |
| EATON CORP PLC | COM | G29183103 |  | 1019563 | 2856 | SH |  | SOLE |  | 2133 | 0 | 723 |
| CADENCE DESIGN SYSTEMS INC. | COM | 127387108 |  | 1009191 | 3275 | SH |  | SOLE |  | 3275 | 0 | 0 |
| HUNTINGTON BANCSHARES INCORPOR | COM | 446150104 |  | 1005064 | 59968 | SH |  | SOLE |  | 44943 | 0 | 15025 |
| FAIR ISAAC CORP. | COM | 303250104 |  | 999894 | 547 | SH |  | SOLE |  | 547 | 0 | 0 |
| SYNOPSYS INC. | COM | 871607107 |  | 989985 | 1931 | SH |  | SOLE |  | 1931 | 0 | 0 |
| YUM! BRANDS INC. | COM | 988498101 |  | 983619 | 6638 | SH |  | SOLE |  | 6638 | 0 | 0 |
| CARNIVAL CORP | COM | 143658300 |  | 978267 | 34789 | SH |  | SOLE |  | 34789 | 0 | 0 |
| MICROCHIP TECHNOLOGY INCORPORA | COM | 595017104 |  | 977158 | 13886 | SH |  | SOLE |  | 13886 | 0 | 0 |
| WHIRLPOOL CORPORATION | COM | 963320106 |  | 963287 | 9498 | SH |  | SOLE |  | 7163 | 0 | 2335 |
| CRH PLC | COM | G25508105 |  | 958392 | 10440 | SH |  | SOLE |  | 10440 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 952392 | 5263 | SH |  | SOLE |  | 5263 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 943661 | 9530 | SH |  | SOLE |  | 9530 | 0 | 0 |
| TRUIST FINANCIAL CORP | COM | 89832Q109 |  | 930991 | 21656 | SH |  | SOLE |  | 16163 | 0 | 5493 |
| SIMON PROPERTY GROUP INC | COM | 828806109 |  | 920512 | 5726 | SH |  | SOLE |  | 5457 | 0 | 269 |
| ALLSTATE CORP | COM | 020002101 |  | 917974 | 4560 | SH |  | SOLE |  | 4560 | 0 | 0 |
| MONSTER BEVERAGE CORP | COM | 61174X109 |  | 915233 | 14611 | SH |  | SOLE |  | 13756 | 0 | 855 |
| IDEXX LABORATORIES INCORPORATE | COM | 45168D104 |  | 914996 | 1706 | SH |  | SOLE |  | 1706 | 0 | 0 |
| RTX CORP | COM | 75513E101 |  | 910727 | 6237 | SH |  | SOLE |  | 4541 | 0 | 1696 |
| NOVARTIS AG | COM | 66987V109 |  | 907938 | 7503 | SH |  | SOLE |  | 5558 | 0 | 1945 |
| MOTOROLA SOLUTIONS INCORPORATI | COM | 620076307 |  | 899364 | 2139 | SH |  | SOLE |  | 2139 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 891510 | 11766 | SH |  | SOLE |  | 8613 | 0 | 3153 |
| WW GRAINGER INC | COM | 384802104 |  | 879003 | 845 | SH |  | SOLE |  | 845 | 0 | 0 |
| AUTODESK INC. | COM | 052769106 |  | 874845 | 2826 | SH |  | SOLE |  | 2826 | 0 | 0 |
| ISHARES RUSSELL 1000 VALUE | COM | 40434L105 |  | 873851 | 15616 | SH |  | SOLE |  | 15616 | 0 | 0 |
| AGILENT TECHNOLOGIES INC. | COM | 00846U101 |  | 860647 | 7293 | SH |  | SOLE |  | 7293 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIONS | COM | 192446102 |  | 855989 | 10970 | SH |  | SOLE |  | 10970 | 0 | 0 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 851967 | 6264 | SH |  | SOLE |  | 4640 | 0 | 1624 |
| GE HEALTHCARE TECHNOLOGIES INC | COM | 36266G107 |  | 851731 | 11499 | SH |  | SOLE |  | 11499 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | COM | 60871R209 |  | 849798 | 17671 | SH |  | SOLE |  | 14410 | 0 | 3261 |
| DELTA AIR LINES INC | COM | 247361702 |  | 846683 | 17216 | SH |  | SOLE |  | 17216 | 0 | 0 |
| LULULEMON ATHLETICA INCORPORAT | COM | 550021109 |  | 833906 | 3510 | SH |  | SOLE |  | 3510 | 0 | 0 |
| EDWARDS LIFESCIENCES CORPORATI | COM | 28176E108 |  | 825116 | 10550 | SH |  | SOLE |  | 10550 | 0 | 0 |
| ELI LILLY AND COMPANY | COM | 532457108 |  | 820845 | 1053 | SH |  | SOLE |  | 805 | 0 | 248 |
| PACCAR INC | COM | 693718108 |  | 814854 | 8572 | SH |  | SOLE |  | 6517 | 0 | 2055 |
| HOME DEPOT INC | COM | 437076102 |  | 805141 | 2196 | SH |  | SOLE |  | 1628 | 0 | 568 |
| M BANK CORPORATION | COM | 55261F104 |  | 797881 | 4113 | SH |  | SOLE |  | 4113 | 0 | 0 |
| EQT CORPORATION | COM | 26884L109 |  | 795368 | 13638 | SH |  | SOLE |  | 13638 | 0 | 0 |
| UNILEVER PLC | COM | 904767704 |  | 788298 | 12887 | SH |  | SOLE |  | 9619 | 0 | 3268 |
| OMEGA HEALTHCARE INVESTORS IN | COM | 681936100 |  | 780315 | 21291 | SH |  | SOLE |  | 15312 | 0 | 5979 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 771370 | 6080 | SH |  | SOLE |  | 6080 | 0 | 0 |
| SCHLUMBERGER NV | COM | 806857108 |  | 767159 | 22697 | SH |  | SOLE |  | 22697 | 0 | 0 |
| RAYMOND JAMES FINANCIAL INC. | COM | 754730109 |  | 766083 | 4995 | SH |  | SOLE |  | 4995 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 765322 | 5908 | SH |  | SOLE |  | 5908 | 0 | 0 |
| GARTNER INCORPORATED | COM | 366651107 |  | 757508 | 1874 | SH |  | SOLE |  | 1874 | 0 | 0 |
| ARCH CAPITAL GROUP LTD. | COM | G0450A105 |  | 753803 | 8279 | SH |  | SOLE |  | 8279 | 0 | 0 |
| LENNAR CORPORATION | COM | 526057104 |  | 747834 | 6761 | SH |  | SOLE |  | 6761 | 0 | 0 |
| ELECTRONIC ARTS INC. | COM | 285512109 |  | 745799 | 4670 | SH |  | SOLE |  | 4165 | 0 | 505 |
| VERISIGN INC | COM | 92343E102 |  | 743660 | 2575 | SH |  | SOLE |  | 2224 | 0 | 351 |
| SUPER MICRO COMPUTER INC | COM | 86800U302 |  | 715252 | 14594 | SH |  | SOLE |  | 14594 | 0 | 0 |
| LPL FINANCIAL HOLDINGS INCORPO | COM | 50212V100 |  | 706818 | 1885 | SH |  | SOLE |  | 1885 | 0 | 0 |
| IQVIA HOLDINGS INC | COM | 46266C105 |  | 705530 | 4477 | SH |  | SOLE |  | 4477 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 702542 | 17081 | SH |  | SOLE |  | 17081 | 0 | 0 |
| FIRST CITIZENS BANCSHARES INC | COM | 31946M103 |  | 700416 | 358 | SH |  | SOLE |  | 358 | 0 | 0 |
| VICI PROPERTIES INC | COM | 925652109 |  | 695814 | 21344 | SH |  | SOLE |  | 21344 | 0 | 0 |
| UNITED AIRLINES HOLDINGS INC | COM | 910047109 |  | 695090 | 8729 | SH |  | SOLE |  | 8729 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 684752 | 10260 | SH |  | SOLE |  | 10260 | 0 | 0 |
| EBAY INCORPORATED | COM | 278642103 |  | 673640 | 9047 | SH |  | SOLE |  | 9047 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 669940 | 4037 | SH |  | SOLE |  | 4037 | 0 | 0 |
| EQUIFAX INCORPORATED | COM | 294429105 |  | 667878 | 2575 | SH |  | SOLE |  | 2575 | 0 | 0 |
| PPG INDUSTRIES INC. | COM | 693506107 |  | 662139 | 5821 | SH |  | SOLE |  | 5821 | 0 | 0 |
| CBOE GLOBAL MARKETS INC | COM | 12503M108 |  | 661384 | 2836 | SH |  | SOLE |  | 2472 | 0 | 364 |
| CENTENE CORPORATION | COM | 15135B101 |  | 645009 | 11883 | SH |  | SOLE |  | 11883 | 0 | 0 |
| METTLER-TOLEDO INTERNATIONAL I | COM | 592688105 |  | 641397 | 546 | SH |  | SOLE |  | 546 | 0 | 0 |
| FOX CORP | COM | 35137L105 |  | 628769 | 11220 | SH |  | SOLE |  | 11220 | 0 | 0 |
| ARCHER-DANIELS-MIDLAND CO | COM | 039483102 |  | 621696 | 11779 | SH |  | SOLE |  | 11779 | 0 | 0 |
| VERALTO CORP | COM | 92338C103 |  | 609637 | 6039 | SH |  | SOLE |  | 6039 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 604961 | 1131 | SH |  | SOLE |  | 1131 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 603483 | 2767 | SH |  | SOLE |  | 2767 | 0 | 0 |
| GODADDY INC | COM | 380237107 |  | 582674 | 3236 | SH |  | SOLE |  | 3236 | 0 | 0 |
| DOLLAR GENERAL CORPORATION | COM | 256677105 |  | 582652 | 5094 | SH |  | SOLE |  | 5094 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | COM | 98980L101 |  | 579079 | 7426 | SH |  | SOLE |  | 7426 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 575238 | 3221 | SH |  | SOLE |  | 3221 | 0 | 0 |
| EXPEDIA GROUP INC | COM | 30212P303 |  | 564572 | 3347 | SH |  | SOLE |  | 3347 | 0 | 0 |
| ON SEMICONDUCTOR CORPORATION | COM | 682189105 |  | 559110 | 10668 | SH |  | SOLE |  | 10668 | 0 | 0 |
| T ROWE PRICE GROUP INC | COM | 74144T108 |  | 550243 | 5702 | SH |  | SOLE |  | 5702 | 0 | 0 |
| NVR INC. | COM | 62944T105 |  | 546539 | 74 | SH |  | SOLE |  | 74 | 0 | 0 |
| DOLLAR TREE INCORPORATION | COM | 256746108 |  | 545413 | 5507 | SH |  | SOLE |  | 5507 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 538461 | 1151 | SH |  | SOLE |  | 1151 | 0 | 0 |
| PULTEGROUP INCORPORATION | COM | 745867101 |  | 537424 | 5096 | SH |  | SOLE |  | 5096 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 537119 | 5041 | SH |  | SOLE |  | 5041 | 0 | 0 |
| GENERAL MILLS INC. | COM | 370334104 |  | 534472 | 10316 | SH |  | SOLE |  | 10316 | 0 | 0 |
| PRUDENTIAL FINANCIAL INCORPOR | COM | 744320102 |  | 531506 | 4947 | SH |  | SOLE |  | 3144 | 0 | 1803 |
| WATERS CORP | COM | 941848103 |  | 530890 | 1521 | SH |  | SOLE |  | 1521 | 0 | 0 |
| COREBRIDGE FINANCIAL INC | COM | 21871X109 |  | 517839 | 14587 | SH |  | SOLE |  | 14587 | 0 | 0 |
| LENNOX INTERNATIONAL INCORPORA | COM | 526107107 |  | 508464 | 887 | SH |  | SOLE |  | 887 | 0 | 0 |
| FACTSET RESEARCH SYSTEMS INC. | COM | 303075105 |  | 493797 | 1104 | SH |  | SOLE |  | 928 | 0 | 176 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 490406 | 3831 | SH |  | SOLE |  | 3831 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 485585 | 3078 | SH |  | SOLE |  | 3078 | 0 | 0 |
| LOEWS CORPORATION | COM | 540424108 |  | 481857 | 5257 | SH |  | SOLE |  | 5257 | 0 | 0 |
| HALLIBURTON COMPANY | COM | 406216101 |  | 465622 | 22847 | SH |  | SOLE |  | 22847 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 465060 | 3703 | SH |  | SOLE |  | 3703 | 0 | 0 |
| COMFORT SYSTEMS USA INC | COM | 199908104 |  | 464358 | 866 | SH |  | SOLE |  | 866 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 453062 | 8691 | SH |  | SOLE |  | 8691 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 445288 | 16816 | SH |  | SOLE |  | 16816 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 445287 | 4882 | SH |  | SOLE |  | 4882 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 434385 | 14775 | SH |  | SOLE |  | 14775 | 0 | 0 |
| EQUITABLE HOLDINGS INC | COM | 29452E101 |  | 434214 | 7740 | SH |  | SOLE |  | 7740 | 0 | 0 |
| PENTAIR PLC | COM | G7S00T104 |  | 432301 | 4211 | SH |  | SOLE |  | 4211 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 423232 | 1438 | SH |  | SOLE |  | 1438 | 0 | 0 |
| GENUINE PARTS COMPANY | COM | 372460105 |  | 421188 | 3472 | SH |  | SOLE |  | 3472 | 0 | 0 |
| DECKERS OUTDOOR CORPORATION | COM | 243537107 |  | 421041 | 4085 | SH |  | SOLE |  | 4085 | 0 | 0 |
| BALL CORPORATION | COM | 058498106 |  | 414056 | 7382 | SH |  | SOLE |  | 7382 | 0 | 0 |
| TENET HEALTHCARE CORPORATION | COM | 88033G407 |  | 411312 | 2337 | SH |  | SOLE |  | 2337 | 0 | 0 |
| SNAP-ON INCORPORATED | COM | 833034101 |  | 410758 | 1320 | SH |  | SOLE |  | 1320 | 0 | 0 |
| MOLINA HEALTHCARE INC. | COM | 60855R100 |  | 396803 | 1332 | SH |  | SOLE |  | 1332 | 0 | 0 |
| BEST BUY CO. INC. | COM | 086516101 |  | 395731 | 5895 | SH |  | SOLE |  | 5895 | 0 | 0 |
| CF INDUSTRIES HOLDINGS INC. | COM | 125269100 |  | 383548 | 4169 | SH |  | SOLE |  | 4169 | 0 | 0 |
| FIRST SOLAR INC. | COM | 336433107 |  | 380908 | 2301 | SH |  | SOLE |  | 2301 | 0 | 0 |
| BENTLEY SYSTEMS INC | COM | 08265T208 |  | 380111 | 7043 | SH |  | SOLE |  | 7043 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 374279 | 5744 | SH |  | SOLE |  | 5744 | 0 | 0 |
| TEXTRON INC. | COM | 883203101 |  | 371422 | 4626 | SH |  | SOLE |  | 4626 | 0 | 0 |
| OMNICOM GROUP INCORPORATED | COM | 681919106 |  | 368549 | 5123 | SH |  | SOLE |  | 5123 | 0 | 0 |
| EAST WEST BANCORP INCORPORATED | COM | 27579R104 |  | 367466 | 3639 | SH |  | SOLE |  | 3639 | 0 | 0 |
| DOMINO' S PIZZA INC. | COM | 25754A201 |  | 364986 | 810 | SH |  | SOLE |  | 810 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 364876 | 3233 | SH |  | SOLE |  | 3233 | 0 | 0 |
| ALLEGION PLC | COM | G0176J109 |  | 363471 | 2522 | SH |  | SOLE |  | 2180 | 0 | 342 |
| MASCO CORPORATION | COM | 574599106 |  | 359965 | 5593 | SH |  | SOLE |  | 5593 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 358542 | 1055 | SH |  | SOLE |  | 1055 | 0 | 0 |
| UNUM GROUP | COM | 91529Y106 |  | 357605 | 4428 | SH |  | SOLE |  | 4428 | 0 | 0 |
| ALIGN TECHNOLOGY INC. | COM | 016255101 |  | 352911 | 1864 | SH |  | SOLE |  | 1864 | 0 | 0 |
| API GROUP CORP | COM | 00187Y100 |  | 348774 | 6832 | SH |  | SOLE |  | 6832 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM | 530307107 |  | 340316 | 3479 | SH |  | SOLE |  | 3479 | 0 | 0 |
| BJS WHOLESALE CLUB HOLDINGS IN | COM | 05550J101 |  | 337939 | 3134 | SH |  | SOLE |  | 3134 | 0 | 0 |
| PERFORMANCE FOOD GROUP CO | COM | 71377A103 |  | 336497 | 3847 | SH |  | SOLE |  | 3847 | 0 | 0 |
| SOLVENTUM CORP | COM | 83444M101 |  | 335820 | 4428 | SH |  | SOLE |  | 4428 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC. | COM | 12008R107 |  | 331050 | 2837 | SH |  | SOLE |  | 2837 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 329745 | 1425 | SH |  | SOLE |  | 1425 | 0 | 0 |
| CNA FINANCIAL CORPORATION | COM | 126117100 |  | 317753 | 6829 | SH |  | SOLE |  | 6829 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 316487 | 2518 | SH |  | SOLE |  | 2518 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 315846 | 7910 | SH |  | SOLE |  | 7910 | 0 | 0 |
| UNITED THERAPEUTICS CORPORATIO | COM | 91307C102 |  | 314074 | 1093 | SH |  | SOLE |  | 1093 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 309016 | 17648 | SH |  | SOLE |  | 17648 | 0 | 0 |
| CROWN HOLDINGS INC. | COM | 228368106 |  | 304306 | 2955 | SH |  | SOLE |  | 2955 | 0 | 0 |
| EXELIXIS INC. | COM | 30161Q104 |  | 302178 | 6856 | SH |  | SOLE |  | 6856 | 0 | 0 |
| SKYWORKS SOLUTIONS INC. | COM | 83088M102 |  | 300986 | 4039 | SH |  | SOLE |  | 4039 | 0 | 0 |
| BOOZ ALLEN HAMILTON HOLDING CO | COM | 099502106 |  | 300103 | 2882 | SH |  | SOLE |  | 2882 | 0 | 0 |
| MOSAIC CO | COM | 61945C103 |  | 298990 | 8196 | SH |  | SOLE |  | 8196 | 0 | 0 |
| OWENS-CORNING | COM | 690742101 |  | 296768 | 2158 | SH |  | SOLE |  | 2158 | 0 | 0 |
| TOLL BROTHERS INC. | COM | 889478103 |  | 294341 | 2579 | SH |  | SOLE |  | 2579 | 0 | 0 |
| MAPLEBEAR INC | COM | 565394103 |  | 290984 | 6432 | SH |  | SOLE |  | 6432 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 290976 | 6469 | SH |  | SOLE |  | 6469 | 0 | 0 |
| SEI INVESTMENTS COMPANY | COM | 784117103 |  | 290967 | 3238 | SH |  | SOLE |  | 3238 | 0 | 0 |
| ALBERTSONS COMPANIES INC | COM | 013091103 |  | 290019 | 13483 | SH |  | SOLE |  | 13483 | 0 | 0 |
| CIENA CORP | COM | 171779309 |  | 288884 | 3552 | SH |  | SOLE |  | 3552 | 0 | 0 |
| CORE  MAIN INC | COM | 21874C102 |  | 288171 | 4775 | SH |  | SOLE |  | 4775 | 0 | 0 |
| RENAISSANCERE HOLDINGS LTD. | COM | G7496G103 |  | 287108 | 1182 | SH |  | SOLE |  | 1182 | 0 | 0 |
| UNIVERSAL HEALTH SERVICES INC | COM | 913903100 |  | 286579 | 1582 | SH |  | SOLE |  | 1582 | 0 | 0 |
| PENSKE AUTOMOTIVE GROUP INC | COM | 70959W103 |  | 286579 | 1668 | SH |  | SOLE |  | 1668 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 278205 | 1953 | SH |  | SOLE |  | 1953 | 0 | 0 |
| TD SYNNEX CORP | COM | 87162W100 |  | 278049 | 2049 | SH |  | SOLE |  | 2049 | 0 | 0 |
| SKECHERS U.S.A. INCORPORATED | COM | 830566105 |  | 276315 | 4379 | SH |  | SOLE |  | 4379 | 0 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 273347 | 17796 | SH |  | SOLE |  | 17796 | 0 | 0 |
| KINSALE CAPITAL GROUP INC | COM | 49714P108 |  | 271468 | 561 | SH |  | SOLE |  | 561 | 0 | 0 |
| BXP INC | COM | 101121101 |  | 269475 | 3994 | SH |  | SOLE |  | 3994 | 0 | 0 |
| XP INC | COM | G98239109 |  | 267933 | 13264 | SH |  | SOLE |  | 13264 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 266766 | 29873 | SH |  | SOLE |  | 29873 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 265230 | 4825 | SH |  | SOLE |  | 4825 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 259954 | 7559 | SH |  | SOLE |  | 7559 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 259393 | 2087 | SH |  | SOLE |  | 2087 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 |  | 257713 | 6773 | SH |  | SOLE |  | 6773 | 0 | 0 |
| AMDOCS LTD | COM | G02602103 |  | 256841 | 2815 | SH |  | SOLE |  | 2815 | 0 | 0 |
| BUNGE GLOBAL SA | COM | H11356104 |  | 256655 | 3197 | SH |  | SOLE |  | 3197 | 0 | 0 |
| PERMIAN RESOURCES CORP | COM | 71424F105 |  | 255321 | 18746 | SH |  | SOLE |  | 18746 | 0 | 0 |
| WEBSTER FINANCIAL CORPORATION | COM | 947890109 |  | 252470 | 4624 | SH |  | SOLE |  | 4624 | 0 | 0 |
| EPAM SYSTEMS INC | COM | 29414B104 |  | 252322 | 1427 | SH |  | SOLE |  | 1427 | 0 | 0 |
| WESTLAKE CORP | COM | 960413102 |  | 248823 | 3277 | SH |  | SOLE |  | 3277 | 0 | 0 |
| ASSURANT INC. | COM | 04621X108 |  | 248442 | 1258 | SH |  | SOLE |  | 1258 | 0 | 0 |
| TOPBUILD CORP | COM | 89055F103 |  | 244747 | 756 | SH |  | SOLE |  | 756 | 0 | 0 |
| INTERPUBLIC GROUP OF COMPANIES | COM | 460690100 |  | 244212 | 9976 | SH |  | SOLE |  | 9976 | 0 | 0 |
| CACI INTERNATIONAL INC | COM | 127190304 |  | 243117 | 510 | SH |  | SOLE |  | 510 | 0 | 0 |
| MEDPACE HOLDINGS INC | COM | 58506Q109 |  | 240103 | 765 | SH |  | SOLE |  | 765 | 0 | 0 |
| REGAL BELOIT CORPORATION | COM | 758750103 |  | 238894 | 1648 | SH |  | SOLE |  | 1648 | 0 | 0 |
| NORWEGIAN CRUISE LINE HOLDINGS | COM | G66721104 |  | 237519 | 11712 | SH |  | SOLE |  | 11712 | 0 | 0 |
| ACUITY INC | COM | 00508Y102 |  | 233600 | 783 | SH |  | SOLE |  | 783 | 0 | 0 |
| AVANTOR INC | COM | 05352A100 |  | 231916 | 17230 | SH |  | SOLE |  | 17230 | 0 | 0 |
| COCA-COLA CONSOLIDATED INC | COM | 191098102 |  | 231116 | 2070 | SH |  | SOLE |  | 2070 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 |  | 229609 | 839 | SH |  | SOLE |  | 839 | 0 | 0 |
| WESTERN ALLIANCE BANCORPORATIO | COM | 957638109 |  | 229261 | 2940 | SH |  | SOLE |  | 2940 | 0 | 0 |
| WESCO INTERNATIONAL INC. | COM | 95082P105 |  | 227426 | 1228 | SH |  | SOLE |  | 1228 | 0 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 226547 | 11955 | SH |  | SOLE |  | 11955 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 225668 | 10347 | SH |  | SOLE |  | 10347 | 0 | 0 |
| TETRA TECH INC. | COM | 88162G103 |  | 225577 | 6273 | SH |  | SOLE |  | 6273 | 0 | 0 |
| ADVANCED DRAINAGE SYSTEMS INC | COM | 00790R104 |  | 225126 | 1960 | SH |  | SOLE |  | 1960 | 0 | 0 |
| GENERAC HOLDINGS INCORPORATION | COM | 368736104 |  | 220257 | 1538 | SH |  | SOLE |  | 1538 | 0 | 0 |
| AXIS CAPITAL HOLDINGS LTD | COM | G0692U109 |  | 217399 | 2094 | SH |  | SOLE |  | 2094 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 |  | 213823 | 1630 | SH |  | SOLE |  | 1630 | 0 | 0 |
| LIGHT  WONDER INC | COM | 80874P109 |  | 207537 | 2156 | SH |  | SOLE |  | 2156 | 0 | 0 |
| COMERICA INC | COM | 200340107 |  | 206628 | 3464 | SH |  | SOLE |  | 3464 | 0 | 0 |
| NNN REIT INC | COM | 637417106 |  | 205494 | 4759 | SH |  | SOLE |  | 4759 | 0 | 0 |
| ALLISON TRANSMISSION HOLDINGS | COM | 01973R101 |  | 204608 | 2154 | SH |  | SOLE |  | 2154 | 0 | 0 |
| ZIONS BANCORP | COM | 989701107 |  | 204124 | 3930 | SH |  | SOLE |  | 3930 | 0 | 0 |
| BRIXMOR PROPERTY GROUP INC | COM | 11120U105 |  | 200873 | 7714 | SH |  | SOLE |  | 7714 | 0 | 0 |
| DROPBOX INC | COM | 26210C104 |  | 200743 | 7019 | SH |  | SOLE |  | 7019 | 0 | 0 |

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