# EDGAR Filing Document

**Accession Number:** 0001923173
**File Stem:** 0001085146-25-004377
**Filing Date:** 2025-7
**Character Count:** 20128
**Document Hash:** 229461615714dda0f6b45edc9c235930
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-004377.hdr.sgml**: 20250731

**ACCESSION NUMBER**: 0001085146-25-004377

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250731

**DATE AS OF CHANGE**: 20250731

**EFFECTIVENESS DATE**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Leeward Investments, LLC - MA
- **CENTRAL INDEX KEY:** 0001923173

**ORGANIZATION NAME:**
- **EIN:** 372005153
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22464
- **FILM NUMBER:** 251170849

**BUSINESS ADDRESS:**
- **STREET 1:** 10 WINTHROP SQUARE
- **STREET 2:** SUITE 500
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 617-468-6710

**MAIL ADDRESS:**
- **STREET 1:** 10 WINTHROP SQUARE
- **STREET 2:** SUITE 500
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

### 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:** Leeward Investments LLC - MA<br>**Address:** 10 WINTHROP SQUARE<br>SUITE 500<br>BOSTON, MA 02110

**Form 13F File Number:** 028-22464

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:** Patricia A. Thompson<br>**Title:** Chief Compliance Officer<br>**Phone:** 617-468-6710

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

/s/Patricia A. Thompson  Boston, MA  07-31-2025<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:** 2

**Form 13F Information Table Entry Total:** 141

**Form 13F Information Table Value Total:** $1878883031

      (round to nearest dollar)

**List of Other Included Managers:**

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

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

| No.   | Name                            | Form 13F File Number   |
|:---|:---|:---|
|  | SEI INVESTMENTS MANAGEMENT CORP | 028-16475              |
|  | SEI INVESTMENTS CO              | 028-16454              |

### 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 |
| ADDUS HOMECARE CORP | COM | 006739106 | BBG001T56D18 | 9152191 | 79453 | SH |  | SOLE | 2 | 67435 | 0 | 12018 |
| AERCAP HOLDINGS NV | SHS | N00985106 | BBG001SNX4Y4 | 14639989 | 125128 | SH |  | SOLE | 1 | 120766 | 0 | 4362 |
| AGREE RLTY CORP | COM | 008492100 | BBG001S6RY81 | 31128643 | 426070 | SH |  | SOLE | 12 | 379995 | 0 | 46075 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 | BBG001S7YHX0 | 9231416 | 115740 | SH |  | SOLE | 1 | 111705 | 0 | 4035 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 | BBG001S6CPH6 | 5442686 | 74937 | SH |  | SOLE | 1 | 72328 | 0 | 2609 |
| ALLSTATE CORP | COM | 020002101 | BBG001S9BM06 | 15843595 | 78702 | SH |  | SOLE | 1 | 75955 | 0 | 2747 |
| ALLY FINL INC | COM | 02005N100 | BBG001S5RLN4 | 9983466 | 256315 | SH |  | SOLE | 1 | 247341 | 0 | 8974 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 | BBG001S5NJG1 | 12998518 | 151870 | SH |  | SOLE | 1 | 146567 | 0 | 5303 |
| AMERIPRISE FINL INC | COM | 03076C106 | BBG001SK6096 | 8986582 | 16837 | SH |  | SOLE | 1 | 16250 | 0 | 587 |
| ARAMARK | COM | 03852U106 | BBG001V0NR70 | 10149565 | 242407 | SH |  | SOLE | 1 | 233966 | 0 | 8441 |
| ASSOCIATED BANC CORP | COM | 045487105 | BBG001S5NVZ3 | 18670643 | 765504 | SH |  | SOLE | 2 | 649816 | 0 | 115688 |
| AXALTA COATING SYS LTD | COM | G0750C108 | BBG0060CPLK3 | 9861911 | 332163 | SH |  | SOLE | 12 | 298838 | 0 | 33325 |
| BALL CORP | COM | 058498106 | BBG001S5P7Q4 | 8596197 | 153257 | SH |  | SOLE | 1 | 147905 | 0 | 5352 |
| BELDEN INC | COM | 077454106 | BBG001SM6Z59 | 8820486 | 76170 | SH |  | SOLE | 2 | 64655 | 0 | 11515 |
| BLACK HILLS CORP | COM | 092113109 | BBG001S5P6X8 | 8165972 | 145561 | SH |  | SOLE | 2 | 123532 | 0 | 22029 |
| BORGWARNER INC | COM | 099724106 | BBG001S7F4D2 | 4611193 | 137730 | SH |  | SOLE | 1 | 132929 | 0 | 4801 |
| CABOT CORP | COM | 127055101 | BBG001S5PK58 | 15271200 | 203616 | SH |  | SOLE | 2 | 172832 | 0 | 30784 |
| CACI INTL INC | CL A | 127190304 | BBG001SF9NK1 | 20162503 | 42296 | SH |  | SOLE | 2 | 35672 | 0 | 6624 |
| CACTUS INC | CL A | 127203107 | BBG00JRH1Q02 | 12182622 | 278651 | SH |  | SOLE | 2 | 235039 | 0 | 43612 |
| CASEYS GEN STORES INC | COM | 147528103 | BBG001S5PHZ2 | 7715492 | 15120 | SH |  | SOLE | 1 | 14591 | 0 | 529 |
| CENCORA INC | COM | 03073E105 | BBG001S8X7P0 | 11853506 | 39531 | SH |  | SOLE | 1 | 38151 | 0 | 1380 |
| CENTERPOINT ENERGY INC | COM | 15189T107 | BBG001SB10S0 | 9406308 | 256024 | SH |  | SOLE | 1 | 247079 | 0 | 8945 |
| CHAMPIONX CORPORATION | COM | 15872M104 | BBG00JH9V005 | 16301034 | 656241 | SH |  | SOLE | 12 | 601621 | 0 | 54620 |
| CHEESECAKE FACTORY INC | COM | 163072101 | BBG001S71Q75 | 7030201 | 112196 | SH |  | SOLE | 2 | 95232 | 0 | 16964 |
| CHIMERA INVT CORP | COM SHS | 16934Q802 | BBG001SR1G28 | 6968704 | 502430 | SH |  | SOLE | 2 | 426415 | 0 | 76015 |
| CITY HLDG CO | COM | 177835105 | BBG001S5PR71 | 9315795 | 76097 | SH |  | SOLE | 2 | 64586 | 0 | 11511 |
| CIVITAS RESOURCES INC | COM NEW | 17888H103 | BBG00GLNJ0R0 | 8607678 | 312779 | SH |  | SOLE | 2 | 263756 | 0 | 49023 |
| CLEAN HARBORS INC | COM | 184496107 | BBG001S5PW98 | 35492158 | 153526 | SH |  | SOLE | 12 | 138755 | 0 | 14771 |
| COHU INC | COM | 192576106 | BBG001S87LQ7 | 8715431 | 452985 | SH |  | SOLE | 2 | 384482 | 0 | 68503 |
| COLUMBIA BKG SYS INC | COM | 197236102 | BBG001S72GJ3 | 21732131 | 929518 | SH |  | SOLE | 2 | 788880 | 0 | 140638 |
| COLUMBIA SPORTSWEAR CO | COM | 198516106 | BBG001S90WD2 | 6003777 | 98294 | SH |  | SOLE | 1 | 94870 | 0 | 3424 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 5482870 | 33703 | SH |  | SOLE | 1 | 32530 | 0 | 1173 |
| COPT DEFENSE PROPERTIES | SHS BEN INT | 22002T108 | BBG001S5XVM6 | 13756408 | 498782 | SH |  | SOLE | 2 | 423300 | 0 | 75482 |
| COTERRA ENERGY INC | COM | 127097103 | BBG001S6H6Y4 | 8530321 | 336104 | SH |  | SOLE | 1 | 324401 | 0 | 11703 |
| CTO RLTY GROWTH INC NEW | COM | 22948Q101 | BBG00Y3M1H68 | 6509385 | 377137 | SH |  | SOLE | 2 | 320108 | 0 | 57029 |
| DARLING INGREDIENTS INC | COM | 237266101 | BBG001SB7RP8 | 8620594 | 227216 | SH |  | SOLE | 1 | 219264 | 0 | 7952 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 | BBG002PHSZN7 | 8684738 | 63208 | SH |  | SOLE | 1 | 61014 | 0 | 2194 |
| DOLLAR TREE INC | COM | 256746108 | BBG001S6ZGL6 | 5670937 | 57259 | SH |  | SOLE | 1 | 55266 | 0 | 1993 |
| DORMAN PRODS INC | COM | 258278100 | BBG001S5S932 | 14691450 | 119764 | SH |  | SOLE | 2 | 101641 | 0 | 18123 |
| DOVER CORP | COM | 260003108 | BBG001S5QL46 | 8881809 | 48474 | SH |  | SOLE | 1 | 46780 | 0 | 1694 |
| DTE ENERGY CO | COM | 233331107 | BBG001S5QN88 | 11546754 | 87172 | SH |  | SOLE | 1 | 84129 | 0 | 3043 |
| EAGLE MATLS INC | COM | 26969P108 | BBG001S7VG92 | 8940348 | 44235 | SH |  | SOLE | 1 | 42686 | 0 | 1549 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 | BBG001S5Q5B3 | 43057941 | 351121 | SH |  | SOLE | 12 | 312758 | 0 | 38363 |
| ENERPAC TOOL GROUP CORP | CL A COM | 292765104 | BBG001S5NYQ7 | 10428544 | 257114 | SH |  | SOLE | 2 | 218192 | 0 | 38922 |
| ENPRO INC | COM | 29355X107 | BBG001SCK8H2 | 21831528 | 113973 | SH |  | SOLE | 2 | 96727 | 0 | 17246 |
| ENTERGY CORP NEW | COM | 29364G103 | BBG001S67KF5 | 9565827 | 115085 | SH |  | SOLE | 1 | 111065 | 0 | 4020 |
| ENVIRI CORP | COM | 415864107 | BBG001S5S0V0 | 6765131 | 779393 | SH |  | SOLE | 2 | 661447 | 0 | 117946 |
| ENVISTA HOLDINGS CORPORATION | COM | 29415F104 | BBG00LN4B6D9 | 10005300 | 512042 | SH |  | SOLE | 12 | 457605 | 0 | 54437 |
| EPAM SYS INC | COM | 29414B104 | BBG001SKDJH8 | 9499678 | 53725 | SH |  | SOLE | 1 | 51849 | 0 | 1876 |
| ESSEX PPTY TR INC | COM | 297178105 | BBG001S81418 | 8617514 | 30408 | SH |  | SOLE | 1 | 29346 | 0 | 1062 |
| EVERCORE INC | CLASS A | 29977A105 | BBG001SC3S41 | 11067256 | 40987 | SH |  | SOLE | 1 | 39556 | 0 | 1431 |
| EVERGY INC | COM | 30034W106 | BBG00H433CS1 | 9923575 | 143966 | SH |  | SOLE | 1 | 138947 | 0 | 5019 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 | BBG001SKWX40 | 13666158 | 312084 | SH |  | SOLE | 2 | 264860 | 0 | 47224 |
| EXPRO GROUP HOLDINGS NV | COM | N3144W105 | BBG004K27PR2 | 6960451 | 810297 | SH |  | SOLE | 2 | 683298 | 0 | 126999 |
| F5 INC | COM | 315616102 | BBG001SCP8D1 | 7459700 | 25346 | SH |  | SOLE | 1 | 24461 | 0 | 885 |
| FIRST AMERN FINL CORP | COM | 31847R102 | BBG001T1LV65 | 12165349 | 198165 | SH |  | SOLE | 2 | 168167 | 0 | 29998 |
| FIRST HORIZON CORPORATION | COM | 320517105 | BBG001SCW8R8 | 37649142 | 1775903 | SH |  | SOLE | 12 | 1587324 | 0 | 188579 |
| FIRST INTST BANCSYSTEM INC | COM | 32055Y201 | BBG001S9F1B6 | 19219655 | 666886 | SH |  | SOLE | 2 | 566047 | 0 | 100839 |
| GATES INDL CORP PLC | ORD SHS | G39108108 | BBG00JM9V7T3 | 26443322 | 1148212 | SH |  | SOLE | 2 | 974498 | 0 | 173714 |
| GENPACT LIMITED | SHS | G3922B107 | BBG001SJT2Y2 | 10521987 | 239082 | SH |  | SOLE | 1 | 230736 | 0 | 8346 |
| GENTEX CORP | COM | 371901109 | BBG001S5RMR8 | 13955509 | 634630 | SH |  | SOLE | 12 | 566422 | 0 | 68208 |
| GLOBUS MED INC | CL A | 379577208 | BBG002V87T57 | 9248788 | 156706 | SH |  | SOLE | 2 | 133013 | 0 | 23693 |
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 | BBG001S5RNK3 | 9608057 | 22001 | SH |  | SOLE | 2 | 18674 | 0 | 3327 |
| HANOVER INS GROUP INC | COM | 410867105 | BBG001S8KZF3 | 16519688 | 97249 | SH |  | SOLE | 2 | 82554 | 0 | 14695 |
| HARMONIC INC | COM | 413160102 | BBG001S73CC8 | 15989622 | 1688450 | SH |  | SOLE | 2 | 1432706 | 0 | 255744 |
| HASBRO INC | COM | 418056107 | BBG001S5RSQ6 | 10371761 | 140501 | SH |  | SOLE | 1 | 135609 | 0 | 4892 |
| HEXCEL CORP NEW | COM | 428291108 | BBG001S5S2J0 | 15719424 | 278269 | SH |  | SOLE | 12 | 248886 | 0 | 29383 |
| HOLOGIC INC | COM | 436440101 | BBG001S6HWB2 | 10649928 | 163443 | SH |  | SOLE | 1 | 157739 | 0 | 5704 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 | BBG001S5RY83 | 5385369 | 350610 | SH |  | SOLE | 1 | 338451 | 0 | 12159 |
| HUMANA INC | COM | 444859102 | BBG001S5S1X6 | 3916644 | 16020 | SH |  | SOLE | 1 | 15460 | 0 | 560 |
| HURON CONSULTING GROUP INC | COM | 447462102 | BBG001SLSXM3 | 24107324 | 175275 | SH |  | SOLE | 2 | 148786 | 0 | 26489 |
| IDACORP INC | COM | 451107106 | BBG001S5S4M2 | 19872870 | 172134 | SH |  | SOLE | 2 | 146112 | 0 | 26022 |
| INDEPENDENT BK CORP MASS | COM | 453836108 | BBG001S5S8F1 | 17665403 | 280916 | SH |  | SOLE | 2 | 238416 | 0 | 42500 |
| INGEVITY CORP | COM | 45688C107 | BBG009LM2988 | 7531399 | 174783 | SH |  | SOLE | 2 | 148350 | 0 | 26433 |
| INGREDION INC | COM | 457187102 | BBG001SBH4X9 | 20447635 | 150772 | SH |  | SOLE | 12 | 134799 | 0 | 15973 |
| INNOSPEC INC | COM | 45768S105 | BBG001S8RTD2 | 6200292 | 73734 | SH |  | SOLE | 2 | 62573 | 0 | 11161 |
| INSTALLED BLDG PRODS INC | COM | 45780R101 | BBG005TJKF09 | 15863652 | 87975 | SH |  | SOLE | 2 | 74659 | 0 | 13316 |
| INTEGRA LIFESCIENCES HLDGS C | COM NEW | 457985208 | BBG001S7JWM6 | 4598906 | 374809 | SH |  | SOLE | 2 | 318060 | 0 | 56749 |
| INTERNATIONAL FLAVORS | COM | 459506101 | BBG001S5S5F7 | 6751176 | 91790 | SH |  | SOLE | 1 | 88591 | 0 | 3199 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 | BBG001S56277 | 20756168 | 131568 | SH |  | SOLE | 2 | 114390 | 0 | 17178 |
| ITT INC | COM | 45073V108 | BBG00CVQZQB3 | 17655294 | 112576 | SH |  | SOLE | 2 | 95554 | 0 | 17022 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 | BBG0059FN820 | 17711344 | 108088 | SH |  | SOLE | 1 | 104315 | 0 | 3773 |
| KORN FERRY | COM NEW | 500643200 | BBG001SC0054 | 15670988 | 213705 | SH |  | SOLE | 2 | 181366 | 0 | 32339 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 | BBG001S5S0N9 | 8697248 | 34672 | SH |  | SOLE | 1 | 33461 | 0 | 1211 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 | BBG01MMT6PQ2 | 13040162 | 49675 | SH |  | SOLE | 1 | 47940 | 0 | 1735 |
| LAMB WESTON HLDGS INC | COM | 513272104 | BBG003CVMLR1 | 7680282 | 148125 | SH |  | SOLE | 1 | 142957 | 0 | 5168 |
| LANCASTER COLONY CORP | COM | 513847103 | BBG001S5SPQ1 | 7679454 | 44449 | SH |  | SOLE | 2 | 37721 | 0 | 6728 |
| LEIDOS HOLDINGS INC | COM | 525327102 | BBG001SKW6M9 | 7811477 | 49515 | SH |  | SOLE | 1 | 47793 | 0 | 1722 |
| LKQ CORP | COM | 501889208 | BBG001SCCPJ1 | 10120100 | 273442 | SH |  | SOLE | 1 | 263900 | 0 | 9542 |
| LUMENTUM HLDGS INC | COM | 55024U109 | BBG0073F9RS8 | 49091936 | 516431 | SH |  | SOLE | 12 | 455900 | 0 | 60531 |
| MADDEN STEVEN LTD | COM | 556269108 | BBG001S7JHQ5 | 6410118 | 267311 | SH |  | SOLE | 2 | 226836 | 0 | 40475 |
| MGIC INVT CORP WIS | COM | 552848103 | BBG001S6SFR0 | 16625380 | 597176 | SH |  | SOLE | 2 | 506791 | 0 | 90385 |
| MGP INGREDIENTS INC NEW | COM | 55303J106 | BBG001S5XTL2 | 2163534 | 72190 | SH |  | SOLE | 2 | 61260 | 0 | 10930 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 | BBG001S7HZ69 | 10023577 | 67722 | SH |  | SOLE | 1 | 65357 | 0 | 2365 |
| MURPHY USA INC | COM | 626755102 | BBG001Z0Q6V2 | 13231577 | 32526 | SH |  | SOLE | 2 | 27610 | 0 | 4916 |
| NATIONAL BK HLDGS CORP | CL A | 633707104 | BBG003D8Y8V2 | 16989415 | 451726 | SH |  | SOLE | 2 | 383444 | 0 | 68282 |
| NATIONAL STORAGE AFFILIATES | COM SHS BEN IN | 637870106 | BBG008417VP2 | 13287142 | 415353 | SH |  | SOLE | 2 | 352542 | 0 | 62811 |
| NEWMARK GROUP INC | CL A | 65158N102 | BBG00J24S7X5 | 22453188 | 1847999 | SH |  | SOLE | 2 | 1568625 | 0 | 279374 |
| NISOURCE INC | COM | 65473P105 | BBG001S5TMF9 | 10499454 | 260274 | SH |  | SOLE | 1 | 251198 | 0 | 9076 |
| NMI HLDGS INC | COM | 629209305 | BBG005DLMPF1 | 11076099 | 262529 | SH |  | SOLE | 2 | 222792 | 0 | 39737 |
| O-I GLASS INC | COM | 67098H104 | BBG00R2JZG48 | 8293284 | 562638 | SH |  | SOLE | 2 | 477556 | 0 | 85082 |
| OLD NATL BANCORP IND | COM | 680033107 | BBG001SD2ZG1 | 20391906 | 955572 | SH |  | SOLE | 2 | 810978 | 0 | 144594 |
| OPTION CARE HEALTH INC | COM NEW | 68404L201 | BBG001S6X756 | 12061935 | 371365 | SH |  | SOLE | 2 | 315201 | 0 | 56164 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG001S5V554 | 10061673 | 14405 | SH |  | SOLE | 1 | 13903 | 0 | 502 |
| PERFORMANCE FOOD GROUP CO | COM | 71377A103 | BBG009XW2WC7 | 16292949 | 186269 | SH |  | SOLE | 2 | 158108 | 0 | 28161 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 | BBG00D61Y2G3 | 26813761 | 1968705 | SH |  | SOLE | 12 | 1742587 | 0 | 226118 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 | BBG001SF5953 | 31503639 | 285333 | SH |  | SOLE | 12 | 251478 | 0 | 33855 |
| PORTLAND GEN ELEC CO | COM NEW | 736508847 | BBG001S5V4Y5 | 9992136 | 245930 | SH |  | SOLE | 2 | 208742 | 0 | 37188 |
| PRESTIGE CONSMR HEALTHCARE I | COM | 74112D101 | BBG001SH44F0 | 25651333 | 321244 | SH |  | SOLE | 2 | 272692 | 0 | 48552 |
| PTC INC | COM | 69370C100 | BBG001S6DNK6 | 13526654 | 78488 | SH |  | SOLE | 1 | 75748 | 0 | 2740 |
| QORVO INC | COM | 74736K101 | BBG007TJF1P5 | 9089104 | 107044 | SH |  | SOLE | 1 | 103314 | 0 | 3730 |
| QUIDELORTHO CORP | COM | 219798105 | BBG017TGV7N1 | 5679442 | 197066 | SH |  | SOLE | 2 | 167239 | 0 | 29827 |
| REGAL REXNORD CORPORATION | COM | 758750103 | BBG001S5VL68 | 26944473 | 185875 | SH |  | SOLE | 12 | 170263 | 0 | 15612 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 | BBG001S6P9Q8 | 15376343 | 77517 | SH |  | SOLE | 1 | 74813 | 0 | 2704 |
| ROGERS CORP | COM | 775133101 | BBG001S5TTY3 | 8453719 | 123448 | SH |  | SOLE | 2 | 104779 | 0 | 18669 |
| SILGAN HLDGS INC | COM | 827048109 | BBG001S6VPD9 | 11731920 | 216536 | SH |  | SOLE | 2 | 183792 | 0 | 32744 |
| SILICON LABORATORIES INC | COM | 826919102 | BBG001S5W492 | 17364018 | 117834 | SH |  | SOLE | 2 | 100025 | 0 | 17809 |
| SNAP ON INC | COM | 833034101 | BBG001S5W688 | 6554789 | 21064 | SH |  | SOLE | 1 | 20328 | 0 | 736 |
| SPIRE INC | COM | 84857L101 | BBG001S5SSD9 | 7725043 | 105837 | SH |  | SOLE | 2 | 89819 | 0 | 16018 |
| STAG INDL INC | COM | 85254J102 | BBG001T9F312 | 16800869 | 463089 | SH |  | SOLE | 2 | 393014 | 0 | 70075 |
| STANDEX INTL CORP | COM | 854231107 | BBG001S5WJ53 | 17693037 | 113069 | SH |  | SOLE | 2 | 95955 | 0 | 17114 |
| STARWOOD PPTY TR INC | COM | 85571B105 | BBG001T4JCN5 | 25679207 | 1279482 | SH |  | SOLE | 12 | 1145973 | 0 | 133509 |
| TREEHOUSE FOODS INC | COM | 89469A104 | BBG001SP0625 | 6574932 | 338565 | SH |  | SOLE | 2 | 287294 | 0 | 51271 |
| TYSON FOODS INC | CL A | 902494103 | BBG001S871D5 | 11036406 | 197290 | SH |  | SOLE | 1 | 190404 | 0 | 6886 |
| UNIVEST FINANCIAL CORPORATIO | COM | 915271100 | BBG001S6YQ99 | 10420786 | 346897 | SH |  | SOLE | 2 | 294407 | 0 | 52490 |
| URBAN OUTFITTERS INC | COM | 917047102 | BBG001S7H9K1 | 8222119 | 113346 | SH |  | SOLE | 2 | 96199 | 0 | 17147 |
| VALLEY NATL BANCORP | COM | 919794107 | BBG001S7H654 | 14510357 | 1624900 | SH |  | SOLE | 2 | 1379158 | 0 | 245742 |
| VALMONT INDS INC | COM | 920253101 | BBG001S5X650 | 19789489 | 60598 | SH |  | SOLE | 2 | 51439 | 0 | 9159 |
| VALVOLINE INC | COM | 92047W101 | BBG003DNHV65 | 20661871 | 545600 | SH |  | SOLE | 12 | 490392 | 0 | 55208 |
| VIAVI SOLUTIONS INC | COM | 925550105 | BBG001S92GV5 | 14739328 | 1463687 | SH |  | SOLE | 2 | 1242193 | 0 | 221494 |
| VOYA FINANCIAL INC | COM | 929089100 | BBG001S6QQP0 | 18113094 | 255114 | SH |  | SOLE | 2 | 216531 | 0 | 38583 |
| WABTEC | COM | 929740108 | BBG001S5XBT3 | 11227416 | 53630 | SH |  | SOLE | 1 | 51759 | 0 | 1871 |
| WEBSTER FINL CORP | COM | 947890109 | BBG001S5XCP5 | 11697559 | 214241 | SH |  | SOLE | 1 | 206740 | 0 | 7501 |
| WEC ENERGY GROUP INC | COM | 92939U106 | BBG001S5XDC7 | 10985848 | 105430 | SH |  | SOLE | 1 | 101749 | 0 | 3681 |
| WESCO INTL INC | COM | 95082P105 | BBG001SCRP78 | 14516386 | 78382 | SH |  | SOLE | 1 | 75654 | 0 | 2728 |
| WESTAMERICA BANCORPORATION | COM | 957090103 | BBG001S7XYL7 | 7065943 | 145870 | SH |  | SOLE | 2 | 123776 | 0 | 22094 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 | BBG001SHY2Q9 | 12070456 | 39382 | SH |  | SOLE | 1 | 38010 | 0 | 1372 |
| WINTRUST FINL CORP | COM | 97650W108 | BBG001S945T0 | 29345322 | 236694 | SH |  | SOLE | 2 | 200869 | 0 | 35825 |
| XCEL ENERGY INC | COM | 98389B100 | BBG001S7F0X8 | 9810822 | 144065 | SH |  | SOLE | 1 | 139033 | 0 | 5032 |
| YETI HLDGS INC | COM | 98585X104 | BBG00D8JC891 | 3362049 | 106664 | SH |  | SOLE | 2 | 90522 | 0 | 16142 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 | BBG001S7DQJ9 | 8768965 | 96140 | SH |  | SOLE | 1 | 92773 | 0 | 3367 |

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