# EDGAR Filing Document

**Accession Number:** 0001008894
**File Stem:** 0001172661-26-001532
**Filing Date:** 2026-4
**Character Count:** 22872
**Document Hash:** d6f76c9339963e3f461b2c8c9ee77456
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-001532.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0001172661-26-001532

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**EFFECTIVENESS DATE**: 20260424

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEPRINCE RACE & ZOLLO INC
- **CENTRAL INDEX KEY:** 0001008894

**ORGANIZATION NAME:**
- **EIN:** 593299598
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05268
- **FILM NUMBER:** 26892724

**BUSINESS ADDRESS:**
- **STREET 1:** 250 PARK AVENUE SOUTH
- **STREET 2:** SUITE 250
- **CITY:** WINTER PARK
- **STATE:** FL
- **ZIP:** 32789
- **BUSINESS PHONE:** 4074209903

**MAIL ADDRESS:**
- **STREET 1:** 250 PARK AVENUE SOUTH
- **STREET 2:** SUITE 250
- **CITY:** WINTER PARK
- **STATE:** FL
- **ZIP:** 32789

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** DEPRINCE RACE  ZOLLO INC<br>**Address:** 250 Park Avenue South<br>Suite 250<br>Winter Park, FL 32789

**Form 13F File Number:** 028-05268

**CRD Number (if applicable):** 000112099

**SEC File Number (if applicable):** 801-48779

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:** Adelbert R. Sanchez<br>**Title:** Chief Compliance Officer<br>**Phone:** 407-650-1655

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

/s/ Adelbert R. Sanchez  Winter Park, FL  04-24-2026<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:** 184

**Form 13F Information Table Value Total:** $5293762789

      (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 |
| ASSURANT INC | COM | 04621X108 |  | 26255906 | 120545 | SH |  | SOLE |  | 92115 | 0 | 28430 |
| CLOROX CO DEL | COM | 189054109 |  | 12924423 | 124717 | SH |  | SOLE |  | 68411 | 0 | 56306 |
| MARINE PRODS CORP | COM | 568427108 |  | 3245670 | 446447 | SH |  | SOLE |  | 331813 | 0 | 114634 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 |  | 42537167 | 738749 | SH |  | SOLE |  | 563649 | 0 | 175100 |
| CHEVRON CORPORATION | COM | 166764100 |  | 29129658 | 140791 | SH |  | SOLE |  | 107362 | 0 | 33429 |
| OMNICOM GROUP INC | COM | 681919106 |  | 26717051 | 354761 | SH |  | SOLE |  | 272058 | 0 | 82703 |
| NETAPP INC | COM | 64110D104 |  | 12197721 | 119130 | SH |  | SOLE |  | 65508 | 0 | 53622 |
| CADRE HLDGS INC | COM | 12763L105 |  | 4904566 | 159862 | SH |  | SOLE |  | 111353 | 0 | 48509 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 29363899 | 1022776 | SH |  | SOLE |  | 777449 | 0 | 245327 |
| THOR INDS INC | COM | 885160101 |  | 28598703 | 357976 | SH |  | SOLE |  | 316084 | 0 | 41892 |
| STURM RUGER  CO INC | COM | 864159108 |  | 3770424 | 94049 | SH |  | SOLE |  | 94049 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 37864184 | 496124 | SH |  | SOLE |  | 379733 | 0 | 116391 |
| MGE ENERGY INC | COM | 55277P104 |  | 21418372 | 277117 | SH |  | SOLE |  | 276436 | 0 | 681 |
| HAMILTON LANE INC | CL A | 407497106 |  | 32351221 | 325465 | SH |  | SOLE |  | 291935 | 0 | 33530 |
| KFORCE INC | COM | 493732101 |  | 13629056 | 466110 | SH |  | SOLE |  | 328139 | 0 | 137971 |
| LOUISIANA PAC CORP | COM | 546347105 |  | 56596299 | 777956 | SH |  | SOLE |  | 681980 | 0 | 95976 |
| BANNER CORP | COM NEW | 06652V208 |  | 28844359 | 475352 | SH |  | SOLE |  | 474127 | 0 | 1225 |
| HORIZON BANCORP IND | COM | 440407104 |  | 2452062 | 147982 | SH |  | SOLE |  | 99409 | 0 | 48573 |
| HYSTER-YALE INC | CL A | 449172105 |  | 8695742 | 267479 | SH |  | SOLE |  | 160718 | 0 | 106761 |
| COMPANIA DE MINAS BUENAVENTU | SPONSORED ADR | 204448104 |  | 5290167 | 146786 | SH |  | SOLE |  | 146786 | 0 | 0 |
| PETROLEO BRASILEIRO S A | SP ADR NON VTG | 71654V101 |  | 7915669 | 422169 | SH |  | SOLE |  | 422169 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 40741739 | 706831 | SH |  | SOLE |  | 540922 | 0 | 165909 |
| VIPER ENERGY INC | CL A | 64361Q101 |  | 5956311 | 126757 | SH |  | SOLE |  | 30164 | 0 | 96593 |
| BANK HAWAII CORP | COM | 062540109 |  | 34385175 | 463100 | SH |  | SOLE |  | 461904 | 0 | 1196 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 25515563 | 527290 | SH |  | SOLE |  | 403679 | 0 | 123611 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 47574304 | 1549147 | SH |  | SOLE |  | 1122296 | 0 | 426851 |
| COMMUNITY HEALTHCARE TR INC | COM | 20369C106 |  | 6175077 | 388614 | SH |  | SOLE |  | 308310 | 0 | 80304 |
| RTX CORPORATION | COM | 75513E101 |  | 42244136 | 218995 | SH |  | SOLE |  | 168035 | 0 | 50960 |
| ANALOG DEVICES INC | COM | 032654105 |  | 23172363 | 72837 | SH |  | SOLE |  | 55763 | 0 | 17074 |
| BOYD GAMING CORP | COM | 103304101 |  | 21810408 | 265398 | SH |  | SOLE |  | 264714 | 0 | 684 |
| V F CORP | COM | 918204108 |  | 44010743 | 2590391 | SH |  | SOLE |  | 2226852 | 0 | 363539 |
| GRUPO AEROPORTUNARIO DEL PAC | SPON ADS B | 400506101 |  | 7194779 | 29144 | SH |  | SOLE |  | 29144 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 27419321 | 187521 | SH |  | SOLE |  | 142977 | 0 | 44544 |
| WEYERHAEUSER CO | COM NEW | 962166104 |  | 33860249 | 1386011 | SH |  | SOLE |  | 1057461 | 0 | 328550 |
| QUAKER HOUGHTON | COM | 747316107 |  | 34025231 | 273889 | SH |  | SOLE |  | 241643 | 0 | 32246 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 67582378 | 229747 | SH |  | SOLE |  | 175455 | 0 | 54292 |
| ROCKY BRANDS INC | COM | 774515100 |  | 4154579 | 107298 | SH |  | SOLE |  | 76080 | 0 | 31218 |
| AVIENT CORPORATION | COM | 05368V106 |  | 36082926 | 994020 | SH |  | SOLE |  | 876012 | 0 | 118008 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 32618837 | 38557 | SH |  | SOLE |  | 29438 | 0 | 9119 |
| MARRIOTT VACATIONS WORLDWIDE | COM | 57164Y107 |  | 34138965 | 524247 | SH |  | SOLE |  | 510805 | 0 | 13442 |
| HONEYWELL INTL INC | COM | 438516106 |  | 34136633 | 151027 | SH |  | SOLE |  | 115168 | 0 | 35859 |
| MONRO INC | COM | 610236101 |  | 3079022 | 191959 | SH |  | SOLE |  | 142353 | 0 | 49606 |
| MATIV HOLDINGS INC | COM | 808541106 |  | 3917219 | 450255 | SH |  | SOLE |  | 348871 | 0 | 101384 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 24490402 | 123508 | SH |  | SOLE |  | 110868 | 0 | 12640 |
| SAP SE | SPON ADR | 803054204 |  | 27727459 | 161950 | SH |  | SOLE |  | 145630 | 0 | 16320 |
| EMERSON ELEC CO | COM | 291011104 |  | 41433503 | 316238 | SH |  | SOLE |  | 241284 | 0 | 74954 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 25152097 | 244980 | SH |  | SOLE |  | 187370 | 0 | 57610 |
| NORTHERN OIL  GAS INC | COM | 665531307 |  | 34173231 | 1169115 | SH |  | SOLE |  | 1166375 | 0 | 2740 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 43505122 | 126047 | SH |  | SOLE |  | 96396 | 0 | 29651 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 |  | 77782517 | 957559 | SH |  | SOLE |  | 834228 | 0 | 123331 |
| OXFORD INDS INC | COM | 691497309 |  | 4657938 | 120954 | SH |  | SOLE |  | 89032 | 0 | 31922 |
| CREDICORP LTD | COM | G2519Y108 |  | 14570155 | 42957 | SH |  | SOLE |  | 42957 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 35051462 | 694914 | SH |  | SOLE |  | 487617 | 0 | 207297 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 31984090 | 118245 | SH |  | SOLE |  | 90145 | 0 | 28100 |
| BRUNSWICK CORP | COM | 117043109 |  | 119266955 | 1639183 | SH |  | SOLE |  | 1411097 | 0 | 228086 |
| SELECT WATER SOLUTIONS INC | CL A COM | 81617J301 |  | 53812594 | 3517163 | SH |  | SOLE |  | 3024856 | 0 | 492307 |
| INDEPENDENT BK CORP MASS | COM | 453836108 |  | 77931699 | 1036188 | SH |  | SOLE |  | 928524 | 0 | 107664 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 |  | 9158049 | 1092846 | SH |  | SOLE |  | 1092846 | 0 | 0 |
| ARTESIAN RES CORP | CL A | 043113208 |  | 2347536 | 73706 | SH |  | SOLE |  | 56453 | 0 | 17253 |
| FIRST AMERN FINL CORP | COM | 31847R102 |  | 18073736 | 299780 | SH |  | SOLE |  | 225346 | 0 | 74434 |
| MILLERKNOLL INC | COM | 600544100 |  | 35805939 | 2476206 | SH |  | SOLE |  | 2184597 | 0 | 291609 |
| UMH PPTYS INC | COM | 903002103 |  | 2444889 | 169431 | SH |  | SOLE |  | 128135 | 0 | 41296 |
| CEMEX SA EURO MTN BE 144A | SPON ADR NEW | 151290889 |  | 8686827 | 759338 | SH |  | SOLE |  | 759338 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 11902105 | 405247 | SH |  | SOLE |  | 223140 | 0 | 182107 |
| SEACOAST BKG CORP FLA | COM NEW | 811707801 |  | 67781114 | 2237739 | SH |  | SOLE |  | 2005512 | 0 | 232227 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 3008279 | 26479 | SH |  | SOLE |  | 26479 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 43292543 | 931824 | SH |  | SOLE |  | 711659 | 0 | 220165 |
| CROWN HLDGS INC | COM | 228368106 |  | 21982620 | 219278 | SH |  | SOLE |  | 167214 | 0 | 52064 |
| TERNIUM SA | SPONSORED ADS | 880890108 |  | 4492062 | 111882 | SH |  | SOLE |  | 111882 | 0 | 0 |
| CACTUS INC | CL A | 127203107 |  | 41894881 | 884418 | SH |  | SOLE |  | 769708 | 0 | 114710 |
| POOL CORP | COM | 73278L105 |  | 34532875 | 170676 | SH |  | SOLE |  | 142706 | 0 | 27970 |
| TARGA RES CORP | COM | 87612G101 |  | 27908255 | 111308 | SH |  | SOLE |  | 84508 | 0 | 26800 |
| INNOSPEC INC | COM | 45768S105 |  | 4967477 | 68029 | SH |  | SOLE |  | 50063 | 0 | 17966 |
| SOUTHSTATE BK CORP | COM | 84472E102 |  | 67405261 | 728548 | SH |  | SOLE |  | 625616 | 0 | 102932 |
| WERNER ENTERPRISES INC | COM | 950755108 |  | 89848050 | 3055017 | SH |  | SOLE |  | 2676404 | 0 | 378613 |
| TORO CO | COM | 891092108 |  | 40701436 | 435589 | SH |  | SOLE |  | 384480 | 0 | 51109 |
| CITIGROUP INC | COM NEW | 172967424 |  | 78272179 | 690170 | SH |  | SOLE |  | 506084 | 0 | 184086 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 21262034 | 116549 | SH |  | SOLE |  | 88929 | 0 | 27620 |
| TRICO BANCSHARES | COM | 896095106 |  | 3338449 | 70224 | SH |  | SOLE |  | 52920 | 0 | 17304 |
| SMITH  NEPHEW PLC | SPDN ADR NEW | 83175M205 |  | 11442357 | 360049 | SH |  | SOLE |  | 198459 | 0 | 161590 |
| FULLER H B CO | COM | 359694106 |  | 44875037 | 727546 | SH |  | SOLE |  | 657221 | 0 | 70325 |
| US BANCORP | COM NEW | 902973304 |  | 41712645 | 802012 | SH |  | SOLE |  | 584851 | 0 | 217161 |
| RENASANT CORP | COM | 75970E107 |  | 35271660 | 976243 | SH |  | SOLE |  | 973560 | 0 | 2683 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 44909002 | 264700 | SH |  | SOLE |  | 194760 | 0 | 69940 |
| SOUTH PLAINS FINANCIAL INC | COM | 83946P107 |  | 4337739 | 103526 | SH |  | SOLE |  | 75459 | 0 | 28067 |
| ADVANSIX INC | COM | 00773T101 |  | 6721761 | 275482 | SH |  | SOLE |  | 209462 | 0 | 66020 |
| WINNEBAGO INDS INC | COM | 974637100 |  | 17771154 | 573448 | SH |  | SOLE |  | 539237 | 0 | 34211 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 37245428 | 513376 | SH |  | SOLE |  | 391477 | 0 | 121899 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 25485372 | 193071 | SH |  | SOLE |  | 147214 | 0 | 45857 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 52609014 | 155671 | SH |  | SOLE |  | 155671 | 0 | 0 |
| UNITED PARCEL SVCS INC | CL B | 911312106 |  | 26326095 | 267596 | SH |  | SOLE |  | 204420 | 0 | 63176 |
| DELUXE CORP MEDIUM TERM NTS | COM | 248019101 |  | 54414882 | 1975849 | SH |  | SOLE |  | 1731225 | 0 | 244624 |
| RIDGEPOST CAP INC | CL A COM | 69376K106 |  | 3911884 | 538827 | SH |  | SOLE |  | 389683 | 0 | 149144 |
| STOCK YDS BANCORP INC | COM | 861025104 |  | 8385486 | 126497 | SH |  | SOLE |  | 99569 | 0 | 26928 |
| MICROSOFT CORP | COM | 594918104 |  | 29676529 | 80170 | SH |  | SOLE |  | 61260 | 0 | 18910 |
| AVERY DENNISON CORP | COM | 053611109 |  | 26795101 | 155172 | SH |  | SOLE |  | 118272 | 0 | 36900 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 15311939 | 362327 | SH |  | SOLE |  | 198935 | 0 | 163392 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 41649842 | 127428 | SH |  | SOLE |  | 104905 | 0 | 22523 |
| ROBERT HALF INC. | COM | 770323103 |  | 49783035 | 1959962 | SH |  | SOLE |  | 1731857 | 0 | 228105 |
| NETSTREIT CORP | COM | 64119V303 |  | 21874152 | 1161665 | SH |  | SOLE |  | 1126028 | 0 | 35637 |
| BANCO MACRO S A | SPON ADR B | 05961W105 |  | 3755617 | 48541 | SH |  | SOLE |  | 48541 | 0 | 0 |
| TENNANT CO | COM | 880345103 |  | 12156777 | 183084 | SH |  | SOLE |  | 117501 | 0 | 65583 |
| HERITAGE FINL CORP WASH | COM | 42722X106 |  | 3420716 | 131566 | SH |  | SOLE |  | 85709 | 0 | 45857 |
| A10 NETWORKS INC | COM | 002121101 |  | 13058176 | 564800 | SH |  | SOLE |  | 350501 | 0 | 214299 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 5905119 | 237344 | SH |  | SOLE |  | 237344 | 0 | 0 |
| SCHNEIDER NATIONAL INC | CL B | 80689H102 |  | 56940394 | 2160106 | SH |  | SOLE |  | 1891225 | 0 | 268881 |
| STEPAN CO | COM | 858586100 |  | 47353651 | 947452 | SH |  | SOLE |  | 808423 | 0 | 139029 |
| INTERPARFUMS INC | COM | 458334109 |  | 30283058 | 333367 | SH |  | SOLE |  | 293380 | 0 | 39987 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 11986106 | 462784 | SH |  | SOLE |  | 462784 | 0 | 0 |
| RAYONIER INC | COM | 754907103 |  | 85770849 | 4159595 | SH |  | SOLE |  | 3657385 | 0 | 502210 |
| BALL CORP | COM | 058498106 |  | 25134636 | 425218 | SH |  | SOLE |  | 234206 | 0 | 191012 |
| ORIGIN BANCORP INC | COM | 68621T102 |  | 4488418 | 108259 | SH |  | SOLE |  | 79432 | 0 | 28827 |
| NNN REIT INC | COM | 637417106 |  | 24175992 | 575208 | SH |  | SOLE |  | 508501 | 0 | 66707 |
| UFP INDUSTRIES INC | COM | 90278Q108 |  | 53410900 | 579797 | SH |  | SOLE |  | 507933 | 0 | 71864 |
| IDEX CORP | COM | 45167R104 |  | 66246967 | 349496 | SH |  | SOLE |  | 241046 | 0 | 108450 |
| FB FINL CORP | COM | 30257X104 |  | 53830253 | 1036393 | SH |  | SOLE |  | 959641 | 0 | 76752 |
| ALLSTATE CORP | COM | 020002101 |  | 40570425 | 195671 | SH |  | SOLE |  | 143607 | 0 | 52064 |
| SERVISFIRST BANCSHARES INC | COM | 81768T108 |  | 17025979 | 233777 | SH |  | SOLE |  | 233200 | 0 | 577 |
| GREENBRIER COS INC | COM | 393657101 |  | 20312370 | 385800 | SH |  | SOLE |  | 365580 | 0 | 20220 |
| HAVERTY FURNITURE COS INC | COM | 419596101 |  | 3319182 | 156713 | SH |  | SOLE |  | 126442 | 0 | 30271 |
| FRANKLIN ELEC INC | COM | 353514102 |  | 3974094 | 43117 | SH |  | SOLE |  | 43009 | 0 | 108 |
| FIRST MID BANCSHARES INC | COM | 320866106 |  | 4887894 | 118667 | SH |  | SOLE |  | 88101 | 0 | 30566 |
| HUB GROUP INC | CL A | 443320106 |  | 36005762 | 999050 | SH |  | SOLE |  | 918419 | 0 | 80631 |
| COMMUNITY FINANCIAL SYSTEM I | COM | 203607106 |  | 31135760 | 530874 | SH |  | SOLE |  | 529562 | 0 | 1312 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 45029272 | 328489 | SH |  | SOLE |  | 327662 | 0 | 827 |
| FLOWSERVE CORP | COM | 34354P105 |  | 76979672 | 1047200 | SH |  | SOLE |  | 862333 | 0 | 184867 |
| MARTEN TRANS LTD | COM | 573075108 |  | 10079717 | 767686 | SH |  | SOLE |  | 584798 | 0 | 182888 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 8549317 | 49688 | SH |  | SOLE |  | 49688 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 10318139 | 41425 | SH |  | SOLE |  | 22719 | 0 | 18706 |
| SCOTTS MIRACLE-GRO CO | CL A | 810186106 |  | 66121085 | 1087339 | SH |  | SOLE |  | 916011 | 0 | 171328 |
| BANCO SANTANDER CHILE NEW | SP ADR REP COM | 05965X109 |  | 6462867 | 193499 | SH |  | SOLE |  | 193499 | 0 | 0 |
| INVENTRUST PPTYS CORP | COM NEW | 46124J201 |  | 21860593 | 717682 | SH |  | SOLE |  | 695264 | 0 | 22418 |
| NAPCO SEC TECHNOLOGIES INC | COM | 630402105 |  | 4678075 | 118763 | SH |  | SOLE |  | 80845 | 0 | 37918 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 29534372 | 170276 | SH |  | SOLE |  | 129765 | 0 | 40511 |
| WELLS FARGO  CO | COM | 949746101 |  | 68641891 | 862227 | SH |  | SOLE |  | 654033 | 0 | 208194 |
| VISHAY INTERTECHNOLOGY INC | COM | 928298108 |  | 57258900 | 3181050 | SH |  | SOLE |  | 2804191 | 0 | 376859 |
| KAISER ALUMINIUM CORPORATION | COM PAR $0.01 | 483007704 |  | 1776559 | 14742 | SH |  | SOLE |  | 10958 | 0 | 3784 |
| COLUMBIA SPORTSWEAR CO | COM | 198516106 |  | 27406590 | 500029 | SH |  | SOLE |  | 498791 | 0 | 1238 |
| MSC INDL DIRECT INC | CL A | 553530106 |  | 65121859 | 705775 | SH |  | SOLE |  | 627429 | 0 | 78346 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 40929606 | 372833 | SH |  | SOLE |  | 283062 | 0 | 89771 |
| WALKER  DUNLOP INC | COM | 93148P102 |  | 32329188 | 728463 | SH |  | SOLE |  | 611871 | 0 | 116592 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 32242430 | 572588 | SH |  | SOLE |  | 436580 | 0 | 136008 |
| WORTHINGTON STL INC | COM SHS | 982104101 |  | 4923316 | 162218 | SH |  | SOLE |  | 130581 | 0 | 31637 |
| NEWELL BRANDS INC | COM | 651229106 |  | 63063496 | 18385859 | SH |  | SOLE |  | 15595800 | 0 | 2790059 |
| GERMAN AMERN BANCORP INC | COM | 373865104 |  | 9758509 | 233513 | SH |  | SOLE |  | 184987 | 0 | 48526 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 31654988 | 688601 | SH |  | SOLE |  | 526032 | 0 | 162569 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 44864953 | 50115 | SH |  | SOLE |  | 38204 | 0 | 11911 |
| JOHNSON OUTDOORS INC | CL A | 479167108 |  | 8139157 | 174998 | SH |  | SOLE |  | 119210 | 0 | 55788 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 27528718 | 175030 | SH |  | SOLE |  | 133400 | 0 | 41630 |
| UNION PAC CORP | COM | 907818108 |  | 56886384 | 234467 | SH |  | SOLE |  | 178803 | 0 | 55664 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 32893391 | 112360 | SH |  | SOLE |  | 85750 | 0 | 26610 |
| JOHNSON CONTROLS INTERNATION | SHS | G51502105 |  | 36211604 | 276530 | SH |  | SOLE |  | 247968 | 0 | 28562 |
| FIVE STAR BANCORP | COM | 33830T103 |  | 5856935 | 155274 | SH |  | SOLE |  | 117531 | 0 | 37743 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 25940440 | 131771 | SH |  | SOLE |  | 118325 | 0 | 13446 |
| NATIONAL BK HLDGS CORP | CL A | 633707104 |  | 41598532 | 1062271 | SH |  | SOLE |  | 932568 | 0 | 129703 |
| QUANEX BLDG PRODS CORP | COM | 747619104 |  | 33143958 | 1844405 | SH |  | SOLE |  | 1725704 | 0 | 118701 |
| MARCUS  MILLICHAP INC | COM | 566324109 |  | 6838204 | 257172 | SH |  | SOLE |  | 200044 | 0 | 57128 |
| KB HOME | COM | 48666K109 |  | 35720490 | 690251 | SH |  | SOLE |  | 497761 | 0 | 192490 |
| SANDISK CORP | COM | 80004C200 |  | 23613682 | 37167 | SH |  | SOLE |  | 28428 | 0 | 8739 |
| MID PENN BANCORP INC | COM | 59540G107 |  | 4420456 | 137452 | SH |  | SOLE |  | 98815 | 0 | 38637 |
| ACADEMY SPORTS  OUTDOORS IN | COM | 00402L107 |  | 10920253 | 193450 | SH |  | SOLE |  | 192970 | 0 | 480 |
| PRIMO BRANDS CORPORATION | CLASS A COM SHS | 741623102 |  | 72176162 | 3833041 | SH |  | SOLE |  | 3216063 | 0 | 616978 |
| TIMKEN CO | COM | 887389104 |  | 55855271 | 555387 | SH |  | SOLE |  | 489345 | 0 | 66042 |
| MOVADO GROUP INC | COM | 624580106 |  | 5415404 | 221761 | SH |  | SOLE |  | 178218 | 0 | 43543 |
| W  T OFFSHORE INC | COM | 92922P106 |  | 390124 | 114406 | SH |  | SOLE |  | 74593 | 0 | 39813 |
| MYERS INDS INC | COM | 628464109 |  | 4497467 | 212345 | SH |  | SOLE |  | 139846 | 0 | 72499 |
| ARKO PETE CORP | CL A COM | 04124A100 |  | 2393717 | 133802 | SH |  | SOLE |  | 87169 | 0 | 46633 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 36469638 | 269686 | SH |  | SOLE |  | 204630 | 0 | 65056 |
| SMARTFINANCIAL INC | COM NEW | 83190L208 |  | 4991454 | 127724 | SH |  | SOLE |  | 98198 | 0 | 29526 |
| FREEPORT MCMORAN INC | CL B | 35671D857 |  | 40566723 | 690145 | SH |  | SOLE |  | 528609 | 0 | 161536 |
| KENNAMETAL INC | COM | 489170100 |  | 17704531 | 490023 | SH |  | SOLE |  | 474365 | 0 | 15658 |
| GLACIER BANCORP INC NEW | COM | 37637Q105 |  | 84235335 | 1885725 | SH |  | SOLE |  | 1688020 | 0 | 197705 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 23893380 | 257250 | SH |  | SOLE |  | 193618 | 0 | 63632 |
| RPM INTL INC | COM | 749685103 |  | 37339014 | 375644 | SH |  | SOLE |  | 265189 | 0 | 110455 |
| GENERAL MTRS CO | COM | 37045V100 |  | 16923644 | 227163 | SH |  | SOLE |  | 173416 | 0 | 53747 |
| GREIF INC | CL A | 397624107 |  | 53515958 | 797912 | SH |  | SOLE |  | 701062 | 0 | 96850 |
| AVIDIA BANCORP INC | COMMON STOCK | 05369T100 |  | 399222 | 20296 | SH |  | SOLE |  | 14421 | 0 | 5875 |
| WESTLAKE CORPORATION | COM | 960413102 |  | 23757216 | 203366 | SH |  | SOLE |  | 154956 | 0 | 48410 |
| ALBANY INTL CORP | CL A | 012348108 |  | 22922957 | 439053 | SH |  | SOLE |  | 422773 | 0 | 16280 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 63764129 | 260858 | SH |  | SOLE |  | 196603 | 0 | 64255 |
| ONESPAN INC | COM | 68287N100 |  | 4838588 | 459505 | SH |  | SOLE |  | 331617 | 0 | 127888 |
| KODIAK GAS SVCS INC | COM | 50012A108 |  | 52567957 | 901371 | SH |  | SOLE |  | 815856 | 0 | 85515 |
| TOWNEBANK PORTSMOUTH VA | COM | 89214P109 |  | 6395717 | 189953 | SH |  | SOLE |  | 151981 | 0 | 37972 |
| MILLER INDS INC TENN | COM NEW | 600551204 |  | 2648277 | 58140 | SH |  | SOLE |  | 42013 | 0 | 16127 |

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