# EDGAR Filing Document

**Accession Number:** 0001085936
**File Stem:** 0001085936-25-000028
**Filing Date:** 2025-8
**Character Count:** 45193
**Document Hash:** 1644bdaf2a223f958cf245e26d20cc5e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085936-25-000028.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001085936-25-000028

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SYSTEMATIC FINANCIAL MANAGEMENT LP
- **CENTRAL INDEX KEY:** 0001085936

**ORGANIZATION NAME:**
- **EIN:** 223367558
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05015
- **FILM NUMBER:** 251210397

**BUSINESS ADDRESS:**
- **STREET 1:** C/O GLENPOINTE EAST 7TH FLOOR
- **STREET 2:** 300 FRANK W BURR BOULEVARD
- **CITY:** TEANECK
- **STATE:** NJ
- **ZIP:** 07666
- **BUSINESS PHONE:** 2019281982

**MAIL ADDRESS:**
- **STREET 1:** C/O GLENPOINTE EAST 7TH FLOOR
- **STREET 2:** 300 FRANK W BURR BLVD
- **CITY:** TEANECK
- **STATE:** NJ
- **ZIP:** 07666

### 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:** SYSTEMATIC FINANCIAL MANAGEMENT LP<br>**Address:** C/O GLENPOINTE EAST 7TH FLOOR<br>300 FRANK W BURR BLVD<br>TEANECK, NJ 07666

**Form 13F File Number:** 028-05015

**CRD Number (if applicable):** 000106146

**SEC File Number (if applicable):** 801-48908

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:** Karen E. Kohler<br>**Title:** Chief Operating Officer/ CCO<br>**Phone:** 201-928-1982

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

Karen E. Kohler  Teaneck, NJ  08-13-2025<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:** 398

**Form 13F Information Table Value Total:** $3748107087

      (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   |
|:---|:---|:---|
|  | AFFILIATED MANAGERS GROUP INC. | 028-04975              |
|  | MORGAN STANLEY                 | 028-03432              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Abbott Laboratories | COM | 002824100 |  | 462434 | 3400 | SH |  | DFND | 1 | 3400 | 0 | 0 |
| AbbVie Inc. | COM | 00287Y109 |  | 1726266 | 9300 | SH |  | DFND | 1 | 9300 | 0 | 0 |
| ABERCROMBIE  FITCH CO | CL A | 002896207 |  | 1374138 | 16585 | SH |  | OTR | 2 | 16377 | 0 | 208 |
| Abercrombie  Fitch Co. | CL A | 002896207 |  | 28329978 | 341943 | SH |  | DFND | 1 | 196238 | 0 | 145705 |
| ACADEMY SPORTS  OUTDOORS INC | COM | 00402L107 |  | 736260 | 16430 | SH |  | OTR | 2 | 16242 | 0 | 187 |
| Academy Sports and Outdoors In | COM | 00402L107 |  | 10823945 | 241552 | SH |  | DFND | 1 | 136102 | 0 | 105450 |
| ACUITY INC | COM | 00508Y102 |  | 630885 | 2113 | SH |  | OTR | 2 | 2085 | 0 | 28 |
| Acuity Inc. | COM | 00508Y102 |  | 9110409 | 30537 | SH |  | DFND | 1 | 18662 | 0 | 11875 |
| ADEIA INC COM | COM | 00676P107 |  | 819136 | 57930 | SH |  | OTR | 2 | 57179 | 0 | 750 |
| Adeia Inc. | COM | 00676P107 |  | 31614311 | 2235807 | SH |  | DFND | 1 | 1218737 | 0 | 1017070 |
| Advanced Micro Devices | COM | 007903107 |  | 1051479 | 7410 | SH |  | DFND | 1 | 7410 | 0 | 0 |
| AGREE REALTY CORP | COM | 008492100 |  | 804896 | 11016 | SH |  | OTR | 2 | 10880 | 0 | 136 |
| Agree Realty Corp. (REIT) | COM | 008492100 |  | 23138686 | 316708 | SH |  | DFND | 1 | 179958 | 0 | 136750 |
| Akamai Technologies Inc. | COM | 00971T101 |  | 391622 | 4910 | SH |  | DFND | 1 | 125 | 0 | 4785 |
| Allegion PLC | ORD SHS | G0176J109 |  | 240104 | 1666 | SH |  | DFND | 1 | 1666 | 0 | 0 |
| Allison Transmission Hldgs Inc | COM | 01973R101 |  | 1845656 | 19430 | SH |  | DFND | 1 | 11430 | 0 | 8000 |
| Amdocs Ltd. | SHS | G02602103 |  | 658205 | 7214 | SH |  | DFND | 1 | 6214 | 0 | 1000 |
| AMER WOODMARK CORPORATION | COM | 030506109 |  | 812330 | 15220 | SH |  | OTR | 2 | 15047 | 0 | 172 |
| American Eagle Outfitters Inc. | COM | 02553E106 |  | 9988840 | 1038341 | SH |  | DFND | 1 | 597876 | 0 | 440465 |
| AMERICAN EAGLE OUTFITTERS NEW | COM | 02553E106 |  | 392929 | 40844 | SH |  | OTR | 2 | 40471 | 0 | 373 |
| AMERICAN PUBLIC EDUCATION INC | COM | 02913V103 |  | 220963 | 7253 | SH |  | OTR | 2 | 7172 | 0 | 81 |
| American Public Education Inc. | COM | 02913V103 |  | 9507967 | 312146 | SH |  | DFND | 1 | 185871 | 0 | 126275 |
| American Woodmark Corp. | COM | 030506109 |  | 20085373 | 376342 | SH |  | DFND | 1 | 215067 | 0 | 161275 |
| AMN Healthcare Services Inc. | COM | 001744101 |  | 5360351 | 259330 | SH |  | DFND | 1 | 157880 | 0 | 101450 |
| AMN HEALTHCARE SVCS INC | COM | 001744101 |  | 614574 | 29732 | SH |  | OTR | 2 | 29493 | 0 | 239 |
| AMPHASTAR PHARMACEUTICALS INC | COM | 03209R103 |  | 317146 | 13812 | SH |  | OTR | 2 | 13660 | 0 | 152 |
| Amphastar Pharmaceuticals Inc. | COM | 03209R103 |  | 7932565 | 345495 | SH |  | DFND | 1 | 192560 | 0 | 152935 |
| AngioDynamics Inc | COM | 03475V101 |  | 24391604 | 2458831 | SH |  | DFND | 1 | 1420831 | 0 | 1038000 |
| ANGIODYNAMICS INC | COM | 03475V101 |  | 506673 | 51075 | SH |  | OTR | 2 | 50473 | 0 | 602 |
| APPLE HOSPITALITY REIT INC | COM NEW | 03784Y200 |  | 990079 | 84839 | SH |  | OTR | 2 | 84304 | 0 | 535 |
| Apple Hospitality REIT Inc. | COM NEW | 03784Y200 |  | 25332221 | 2170713 | SH |  | DFND | 1 | 1213538 | 0 | 957175 |
| Apple Inc. | COM | 037833100 |  | 2530772 | 12335 | SH |  | DFND | 1 | 12335 | 0 | 0 |
| Applied Materials Inc. | COM | 038222105 |  | 622438 | 3400 | SH |  | DFND | 1 | 3400 | 0 | 0 |
| Aptiv PLC | SHS | G3265R107 |  | 803768 | 11782 | SH |  | DFND | 1 | 2932 | 0 | 8850 |
| Arch Capital Group Ltd. | ORD | G0450A105 |  | 573615 | 6300 | SH |  | DFND | 1 | 6300 | 0 | 0 |
| ASGN INC | COM | 00191U102 |  | 811544 | 16252 | SH |  | OTR | 2 | 16082 | 0 | 170 |
| ASGN Incorporated | COM | 00191U102 |  | 12741836 | 255194 | SH |  | DFND | 1 | 145474 | 0 | 109720 |
| Assurant Inc | COM | 04621X108 |  | 3752507 | 19001 | SH |  | DFND | 1 | 12676 | 0 | 6325 |
| ATLANTIC UN BANKSHARES CORP | COM | 04911A107 |  | 1992658 | 63703 | SH |  | OTR | 2 | 62999 | 0 | 704 |
| Atlantic Union Bankshares Corp | COM | 04911A107 |  | 47200269 | 1508960 | SH |  | DFND | 1 | 796506 | 0 | 712454 |
| AZENTA INC | COM | 114340102 |  | 704377 | 22883 | SH |  | OTR | 2 | 22634 | 0 | 249 |
| Azenta Inc. | COM | 114340102 |  | 13207852 | 429105 | SH |  | DFND | 1 | 245055 | 0 | 184050 |
| BERKSHIRE HILLS BANCORP INC | COM | 084680107 |  | 924216 | 36909 | SH |  | OTR | 2 | 36482 | 0 | 427 |
| Berkshire Hills Bancorp Inc. | COM | 084680107 |  | 24862717 | 992920 | SH |  | DFND | 1 | 547570 | 0 | 445350 |
| Biogen Inc. | COM | 09062X103 |  | 586505 | 4670 | SH |  | DFND | 1 | 1680 | 0 | 2990 |
| Bloomin Brands Inc. | COM | 094235108 |  | 5051272 | 586675 | SH |  | DFND | 1 | 314175 | 0 | 272500 |
| BLOOMIN'BRANDS INC COM | COM | 094235108 |  | 370254 | 43002 | SH |  | OTR | 2 | 42448 | 0 | 554 |
| BROADSTONE NET LEASE INC | COM | 11135E203 |  | 763772 | 47586 | SH |  | OTR | 2 | 47024 | 0 | 562 |
| Broadstone Net Lease Inc. | COM | 11135E203 |  | 17150228 | 1068550 | SH |  | DFND | 1 | 568480 | 0 | 500070 |
| BRP INC SUN VTG | COM SUN VTG | 05577W200 |  | 808665 | 16683 | SH |  | OTR | 2 | 16522 | 0 | 160 |
| BRP Inc. | COM SUN VTG | 05577W200 |  | 9503464 | 196069 | SH |  | DFND | 1 | 110519 | 0 | 85550 |
| Carrier Global Corp. | COM | 14448C104 |  | 439140 | 6000 | SH |  | DFND | 1 | 6000 | 0 | 0 |
| CATALYST PHARMACEUTICALS INC | COM | 14888U101 |  | 325304 | 14990 | SH |  | OTR | 2 | 14809 | 0 | 181 |
| Catalyst Pharmaceuticals Inc. | COM | 14888U101 |  | 3898188 | 179640 | SH |  | DFND | 1 | 102440 | 0 | 77200 |
| Centene Corp. | COM | 15135B101 |  | 537752 | 9907 | SH |  | DFND | 1 | 257 | 0 | 9650 |
| Centerspace | COM | 15202L107 |  | 7341675 | 121975 | SH |  | DFND | 1 | 65000 | 0 | 56975 |
| CENTERSPACE | COM | 15202L107 |  | 320443 | 5323 | SH |  | OTR | 2 | 5258 | 0 | 65 |
| Central Garden  Pet Co. CL A | CL A NON-VTG | 153527205 |  | 157389 | 5030 | SH |  | DFND | 1 | 130 | 0 | 4900 |
| CF Industries Holdings Inc. | COM | 125269100 |  | 1949940 | 21195 | SH |  | DFND | 1 | 18095 | 0 | 3100 |
| Check Point Software Technolog | ORD | M22465104 |  | 4843605 | 21892 | SH |  | DFND | 1 | 17567 | 0 | 4325 |
| CHURCHILL DOWNS INC | COM | 171484108 |  | 733825 | 7264 | SH |  | OTR | 2 | 7179 | 0 | 86 |
| Churchill Downs Inc. | COM | 171484108 |  | 21076276 | 208676 | SH |  | DFND | 1 | 120301 | 0 | 88375 |
| Ciena Corp. | COM NEW | 171779309 |  | 4471523 | 54980 | SH |  | DFND | 1 | 46880 | 0 | 8100 |
| Citizens Financial Group Inc. | COM | 174610105 |  | 3767368 | 84187 | SH |  | DFND | 1 | 54327 | 0 | 29860 |
| COHERENT CORP | COM | 19247G107 |  | 405189 | 4541 | SH |  | OTR | 2 | 4479 | 0 | 62 |
| Coherent Corp. | COM | 19247G107 |  | 22199284 | 248843 | SH |  | DFND | 1 | 144358 | 0 | 104485 |
| COHU INC | COM | 192576106 |  | 748992 | 38928 | SH |  | OTR | 2 | 38455 | 0 | 473 |
| Cohu Inc. | COM | 192576106 |  | 19044483 | 989838 | SH |  | DFND | 1 | 564013 | 0 | 425825 |
| Columbia Banking System Inc. | COM | 197236102 |  | 27022838 | 1155810 | SH |  | DFND | 1 | 644410 | 0 | 511400 |
| COLUMBIA BANKING SYSTEMS INC | COM | 197236102 |  | 678617 | 29025 | SH |  | OTR | 2 | 28641 | 0 | 384 |
| COLUMBUS MCKINNON CORP | COM | 199333105 |  | 237658 | 15563 | SH |  | OTR | 2 | 15481 | 0 | 81 |
| Columbus Mckinnon Corp. | COM | 199333105 |  | 2472747 | 161935 | SH |  | DFND | 1 | 99685 | 0 | 62250 |
| Comcast Corporation CL A | CL A | 20030N101 |  | 406866 | 11400 | SH |  | DFND | 1 | 11400 | 0 | 0 |
| COMFORT SYSTEMS USA INC | COM | 199908104 |  | 2098210 | 3912 | SH |  | OTR | 2 | 3865 | 0 | 47 |
| Comfort Systems USA Inc. | COM | 199908104 |  | 47174683 | 87978 | SH |  | DFND | 1 | 51575 | 0 | 36403 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 1077808 | 22035 | SH |  | OTR | 2 | 21785 | 0 | 250 |
| Commercial Metals Company | COM | 201723103 |  | 26686812 | 545631 | SH |  | DFND | 1 | 316766 | 0 | 228865 |
| COMMUNITY HEALTHCARE TR INC | COM | 20369C106 |  | 562661 | 33833 | SH |  | OTR | 2 | 33429 | 0 | 404 |
| Community Healthcare Trust Inc | COM | 20369C106 |  | 16980876 | 1021099 | SH |  | DFND | 1 | 583324 | 0 | 437775 |
| Community West Bancshares | COM | 203937107 |  | 6016396 | 308375 | SH |  | DFND | 1 | 172900 | 0 | 135475 |
| ConAgra Brands Inc. | COM | 205887102 |  | 497319 | 24295 | SH |  | DFND | 1 | 620 | 0 | 23675 |
| Constellation Energy Corp. | COM | 21037T109 |  | 2561423 | 7936 | SH |  | DFND | 1 | 5211 | 0 | 2725 |
| Coterra Energy Inc. | COM | 127097103 |  | 3394448 | 133745 | SH |  | DFND | 1 | 114095 | 0 | 19650 |
| CROSS COUNTRY HEALTHCARE INC | COM | 227483104 |  | 475056 | 36402 | SH |  | OTR | 2 | 36005 | 0 | 397 |
| Cross Country Healthcare Inc. | COM | 227483104 |  | 8470089 | 649049 | SH |  | DFND | 1 | 355024 | 0 | 294025 |
| CSX Corp. | COM | 126408103 |  | 998478 | 30600 | SH |  | DFND | 1 | 30600 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 1837836 | 3761 | SH |  | OTR | 2 | 3713 | 0 | 47 |
| Curtiss-Wright Corp. | COM | 231561101 |  | 48694756 | 99672 | SH |  | DFND | 1 | 57578 | 0 | 42094 |
| D. R. Horton Inc. | COM | 23331A109 |  | 1573211 | 12203 | SH |  | DFND | 1 | 10403 | 0 | 1800 |
| DELEK US HLDGS INC | COM | 24665A103 |  | 391052 | 18462 | SH |  | OTR | 2 | 18243 | 0 | 219 |
| Delek US Holdings Inc. | COM | 24665A103 |  | 18977195 | 895996 | SH |  | DFND | 1 | 480786 | 0 | 415210 |
| DIAMOND ROCK HOSPITALITY CO | COM | 252784301 |  | 698219 | 91151 | SH |  | OTR | 2 | 90076 | 0 | 1075 |
| Diamondback Energy Inc. | COM | 25278X109 |  | 2664323 | 19391 | SH |  | DFND | 1 | 11056 | 0 | 8335 |
| Diamondrock Hospitality Co. (R | COM | 252784301 |  | 12449377 | 1625245 | SH |  | DFND | 1 | 922195 | 0 | 703050 |
| Dicks Sporting Goods Inc. | COM | 253393102 |  | 1124154 | 5683 | SH |  | DFND | 1 | 2668 | 0 | 3015 |
| Digital Realty Trust Inc. (REI | COM | 253868103 |  | 1163304 | 6673 | SH |  | DFND | 1 | 173 | 0 | 6500 |
| DIME CMNTY BANCSHARES INC COM | COM | 25432X102 |  | 1197067 | 44434 | SH |  | OTR | 2 | 43906 | 0 | 527 |
| Dime Community Bancshares Inc. | COM | 25432X102 |  | 31912181 | 1184565 | SH |  | DFND | 1 | 656400 | 0 | 528165 |
| DOUGLAS DYNAMICS INC COM | COM | 25960R105 |  | 649791 | 22048 | SH |  | OTR | 2 | 21771 | 0 | 277 |
| Douglas Dynamics Inc. | COM | 25960R105 |  | 8459835 | 287066 | SH |  | DFND | 1 | 149116 | 0 | 137950 |
| EASTERN BANKSHARES INC | COM | 27627N105 |  | 1082421 | 70885 | SH |  | OTR | 2 | 70074 | 0 | 811 |
| Eastern Bankshares Inc. | COM | 27627N105 |  | 27794072 | 1820175 | SH |  | DFND | 1 | 982500 | 0 | 837675 |
| Eastman Chemical Co. | COM | 277432100 |  | 2513429 | 33665 | SH |  | DFND | 1 | 24015 | 0 | 9650 |
| ELBIT SYSTEMS LTD | ORD | M3760D101 |  | 769581 | 1711 | SH |  | OTR | 2 | 1690 | 0 | 21 |
| Elbit Systems Ltd. | ORD | M3760D101 |  | 14516153 | 32294 | SH |  | DFND | 1 | 18374 | 0 | 13920 |
| Elevance Health Inc. | COM | 036752103 |  | 684570 | 1760 | SH |  | DFND | 1 | 820 | 0 | 940 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 3052774 | 5706 | SH |  | OTR | 2 | 5633 | 0 | 73 |
| EMCOR Group Inc. | COM | 29084Q100 |  | 79939845 | 149451 | SH |  | DFND | 1 | 83636 | 0 | 65815 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 |  | 1156908 | 9433 | SH |  | OTR | 2 | 9325 | 0 | 108 |
| Encompass Health Corp. | COM | 29261A100 |  | 53829665 | 438960 | SH |  | DFND | 1 | 248685 | 0 | 190275 |
| ENHABIT INC | COM | 29332G102 |  | 747196 | 77509 | SH |  | OTR | 2 | 76584 | 0 | 925 |
| Enhabit Inc. | COM | 29332G102 |  | 17968247 | 1863926 | SH |  | DFND | 1 | 1121126 | 0 | 742800 |
| Entergy Corp. | COM | 29364G103 |  | 891462 | 10725 | SH |  | DFND | 1 | 275 | 0 | 10450 |
| EQT Corp. | COM | 26884L109 |  | 703048 | 12055 | SH |  | DFND | 1 | 305 | 0 | 11750 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 892959 | 2627 | SH |  | OTR | 2 | 2596 | 0 | 30 |
| Everest Group Ltd. | COM | G3223R108 |  | 38978076 | 114692 | SH |  | DFND | 1 | 65090 | 0 | 49602 |
| Evergy Inc. | COM | 30034W106 |  | 567639 | 8235 | SH |  | DFND | 1 | 210 | 0 | 8025 |
| EXELIXIS INC | COM | 30161Q104 |  | 1021980 | 23186 | SH |  | OTR | 2 | 22917 | 0 | 270 |
| Exelixis Inc. | COM | 30161Q104 |  | 48148984 | 1092433 | SH |  | DFND | 1 | 613498 | 0 | 478935 |
| F5 Inc. | COM | 315616102 |  | 4878354 | 16575 | SH |  | DFND | 1 | 11825 | 0 | 4750 |
| FIRST CITIZ BANCSHARES A | CL A | 31946M103 |  | 2037694 | 1040 | SH |  | OTR | 2 | 1027 | 0 | 13 |
| First Citizens Bancshares Inc. | CL A | 31946M103 |  | 49068268 | 25080 | SH |  | DFND | 1 | 16198 | 0 | 8882 |
| FIRST CMNTY BANKSHARES INC VA | COM | 31983A103 |  | 929647 | 23733 | SH |  | OTR | 2 | 23424 | 0 | 309 |
| First Community Bancshares Inc | COM | 31983A103 |  | 20368047 | 519991 | SH |  | DFND | 1 | 280141 | 0 | 239850 |
| FIRST MERCHANTS CORP | COM | 320817109 |  | 1020190 | 26636 | SH |  | OTR | 2 | 26321 | 0 | 315 |
| First Merchants Corporation | COM | 320817109 |  | 28108945 | 733915 | SH |  | DFND | 1 | 396265 | 0 | 337650 |
| Freeport-McMoRan Inc. | CL B | 35671D857 |  | 686881 | 15845 | SH |  | DFND | 1 | 405 | 0 | 15440 |
| FTI Consulting Inc. | COM | 302941109 |  | 4532498 | 28065 | SH |  | DFND | 1 | 14990 | 0 | 13075 |
| Gaming and Leisure Properties | COM | 36467J108 |  | 426515 | 9137 | SH |  | DFND | 1 | 237 | 0 | 8900 |
| GE HealthCare Technologies Inc | COMMON STOCK | 36266G107 |  | 2111736 | 28510 | SH |  | DFND | 1 | 16420 | 0 | 12090 |
| GENCOR INDS INC | COM | 368678108 |  | 580023 | 41429 | SH |  | OTR | 2 | 40950 | 0 | 480 |
| Gencor Industries Inc. | COM | 368678108 |  | 15920534 | 1137181 | SH |  | DFND | 1 | 566131 | 0 | 571050 |
| GENTEX CORP | COM | 371901109 |  | 722624 | 32860 | SH |  | OTR | 2 | 32490 | 0 | 370 |
| Gentex Corp. | COM | 371901109 |  | 7724559 | 351276 | SH |  | DFND | 1 | 193401 | 0 | 157875 |
| Gibraltar Industries Inc. | COM | 374689107 |  | 7068790 | 119810 | SH |  | DFND | 1 | 58735 | 0 | 61075 |
| Golden Entertainment Inc. | COM | 381013101 |  | 10090076 | 342850 | SH |  | DFND | 1 | 177750 | 0 | 165100 |
| GOLDEN ENTMT INC | COM | 381013101 |  | 387193 | 13155 | SH |  | OTR | 2 | 13001 | 0 | 154 |
| GRANITE CONSTR INC | COM | 387328107 |  | 1038680 | 11106 | SH |  | OTR | 2 | 10947 | 0 | 159 |
| Granite Construction Inc. | COM | 387328107 |  | 51889541 | 554909 | SH |  | DFND | 1 | 312974 | 0 | 241935 |
| GREIF BROS CORP CL A | CL A | 397624107 |  | 678261 | 10435 | SH |  | OTR | 2 | 10304 | 0 | 131 |
| Greif Inc. CL A | CL A | 397624107 |  | 19633414 | 302099 | SH |  | DFND | 1 | 159949 | 0 | 142150 |
| Hancock Whitney Corp. | COM | 410120109 |  | 6057135 | 105525 | SH |  | DFND | 1 | 56425 | 0 | 49100 |
| HARMONIC INC | COM | 413160102 |  | 552873 | 58381 | SH |  | OTR | 2 | 57746 | 0 | 635 |
| Harmonic Inc. | COM | 413160102 |  | 10358655 | 1093839 | SH |  | DFND | 1 | 572089 | 0 | 521750 |
| HAYWARD HLDGS INC | COM | 421298100 |  | 596445 | 43220 | SH |  | OTR | 2 | 42603 | 0 | 617 |
| Hayward Holdings Inc. | COM | 421298100 |  | 19613498 | 1421268 | SH |  | DFND | 1 | 785493 | 0 | 635775 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 979522 | 55940 | SH |  | OTR | 2 | 55330 | 0 | 610 |
| Healthpeak Properties Inc. | COM | 42250P103 |  | 26259992 | 1499714 | SH |  | DFND | 1 | 878089 | 0 | 621625 |
| HEIDRICK  STRUGGLES INTL INC | COM | 422819102 |  | 636555 | 13910 | SH |  | OTR | 2 | 13727 | 0 | 182 |
| Heidrick  Struggles Intl Inc. | COM | 422819102 |  | 22159280 | 484250 | SH |  | DFND | 1 | 257900 | 0 | 226350 |
| HELEN OF TROY | COM | G4388N106 |  | 678773 | 23916 | SH |  | OTR | 2 | 23671 | 0 | 245 |
| Helen of Troy Corp. Ltd. | COM | G4388N106 |  | 6164760 | 217222 | SH |  | DFND | 1 | 115547 | 0 | 101675 |
| Helix Energy Solutions Group I | COM | 42330P107 |  | 18410652 | 2950425 | SH |  | DFND | 1 | 1673725 | 0 | 1276700 |
| HELIX ENERGY SOLUTIONS GRP INC | COM | 42330P107 |  | 528728 | 84731 | SH |  | OTR | 2 | 83837 | 0 | 895 |
| HELMERICH  PAYNE | COM | 423452101 |  | 461528 | 30443 | SH |  | OTR | 2 | 30130 | 0 | 313 |
| Helmerich  Payne Inc. | COM | 423452101 |  | 9001326 | 593755 | SH |  | DFND | 1 | 333255 | 0 | 260500 |
| HNI Corp. | COM | 404251100 |  | 22738373 | 462350 | SH |  | DFND | 1 | 255140 | 0 | 207210 |
| HNI CORPORATION | COM | 404251100 |  | 552170 | 11227 | SH |  | OTR | 2 | 11080 | 0 | 147 |
| Host Hotels  Resorts Inc. (RE | COM | 44107P104 |  | 2885914 | 187885 | SH |  | DFND | 1 | 113600 | 0 | 74285 |
| Humana Inc. | COM | 444859102 |  | 1088914 | 4454 | SH |  | DFND | 1 | 3804 | 0 | 650 |
| Huntington Bancshares Inc. | COM | 446150104 |  | 1915500 | 114290 | SH |  | DFND | 1 | 97510 | 0 | 16780 |
| HUNTSMAN CORP | COM | 447011107 |  | 607398 | 58291 | SH |  | OTR | 2 | 58052 | 0 | 238 |
| Huntsman Corp. | COM | 447011107 |  | 7771694 | 745844 | SH |  | DFND | 1 | 444679 | 0 | 301165 |
| ICF International Inc. | COM | 44925C103 |  | 12960630 | 153000 | SH |  | DFND | 1 | 81910 | 0 | 71090 |
| ICF INTL INC | COM | 44925C103 |  | 576939 | 6810 | SH |  | OTR | 2 | 6726 | 0 | 84 |
| Ingersoll Rand Inc. | COM | 45687V106 |  | 366990 | 4412 | SH |  | DFND | 1 | 4412 | 0 | 0 |
| INGLES MARKETS A | CL A | 457030104 |  | 444958 | 7019 | SH |  | OTR | 2 | 6937 | 0 | 82 |
| Ingles Markets Incorporated Cl | CL A | 457030104 |  | 13718918 | 216455 | SH |  | DFND | 1 | 114385 | 0 | 102070 |
| INMODE LTD | SHS | M5425M103 |  | 552527 | 38263 | SH |  | OTR | 2 | 38069 | 0 | 194 |
| InMode Ltd. | SHS | M5425M103 |  | 15201104 | 1052708 | SH |  | DFND | 1 | 560608 | 0 | 492100 |
| Innoviva Inc. | COM | 45781M101 |  | 40300178 | 2005982 | SH |  | DFND | 1 | 1117232 | 0 | 888750 |
| INNOVIVA INC. | COM | 45781M101 |  | 1068651 | 53193 | SH |  | OTR | 2 | 52441 | 0 | 751 |
| INTEGRA LIFESCIENCES CRP NEW | COM NEW | 457985208 |  | 511496 | 41686 | SH |  | OTR | 2 | 41364 | 0 | 322 |
| Integra LifeSciences Holding C | COM NEW | 457985208 |  | 12456921 | 1015234 | SH |  | DFND | 1 | 579894 | 0 | 435340 |
| International Paper Co. | COM | 460146103 |  | 332493 | 7100 | SH |  | DFND | 1 | 7100 | 0 | 0 |
| IPG PHOTONICS CORP | COM | 44980X109 |  | 458343 | 6675 | SH |  | OTR | 2 | 6596 | 0 | 79 |
| IPG Photonics Corporation | COM | 44980X109 |  | 8202302 | 119480 | SH |  | DFND | 1 | 67855 | 0 | 51625 |
| ISHARES RUSSELL 2000 VALUE ETF | RUS 2000 VAL ETF | 464287630 |  | 1376583 | 8725 | SH |  | OTR | 2 | 8463 | 0 | 262 |
| iShares Russell 2000 Value Ind | RUS 2000 VAL ETF | 464287630 |  | 11832 | 75 | SH |  | DFND | 1 | 75 | 0 | 0 |
| ISHARES S SMLL-CAP 600 V ETF | SP SMCP600VL ETF | 464287879 |  | 497 | 5 | SH |  | OTR | 2 | 5 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 738412 | 5609 | SH |  | OTR | 2 | 5539 | 0 | 69 |
| Itron Inc. | COM | 465741106 |  | 16645008 | 126453 | SH |  | DFND | 1 | 68628 | 0 | 57825 |
| Jazz Pharmaceuticals PLC | SHS USD | G50871105 |  | 41500030 | 391067 | SH |  | DFND | 1 | 222072 | 0 | 168995 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 |  | 1320602 | 12443 | SH |  | OTR | 2 | 12293 | 0 | 150 |
| Johnson  Johnson | COM | 478160104 |  | 688444 | 4507 | SH |  | DFND | 1 | 4507 | 0 | 0 |
| JPMorgan Chase  Co. | COM | 46625H100 |  | 1761203 | 6075 | SH |  | DFND | 1 | 6075 | 0 | 0 |
| K V H INDUSTRIES INC | COM | 482738101 |  | 472453 | 88640 | SH |  | OTR | 2 | 87470 | 0 | 1170 |
| KAISER ALUMINUM CORP | COM PAR $0.01 | 483007704 |  | 663206 | 8299 | SH |  | OTR | 2 | 8196 | 0 | 103 |
| Kaiser Aluminum Corporation | COM PAR $0.01 | 483007704 |  | 20314975 | 254255 | SH |  | DFND | 1 | 147055 | 0 | 107200 |
| KB Home | COM | 48666K109 |  | 25439001 | 480253 | SH |  | DFND | 1 | 269323 | 0 | 210930 |
| KB HOME | COM | 48666K109 |  | 1037816 | 19591 | SH |  | OTR | 2 | 19375 | 0 | 216 |
| KBR INC | COM | 48242W106 |  | 745374 | 15547 | SH |  | OTR | 2 | 15352 | 0 | 195 |
| KBR Inc. | COM | 48242W106 |  | 34288126 | 715230 | SH |  | DFND | 1 | 411530 | 0 | 303700 |
| Kenvue Inc. | COM | 49177J102 |  | 99690 | 4763 | SH |  | DFND | 1 | 4763 | 0 | 0 |
| Kite Realty Group Trust (REIT) | COM NEW | 49803T300 |  | 17616604 | 777775 | SH |  | DFND | 1 | 434675 | 0 | 343100 |
| KITE RLTY GROUP TR | COM NEW | 49803T300 |  | 594447 | 26244 | SH |  | OTR | 2 | 25903 | 0 | 340 |
| KLA Corp. | COM NEW | 482480100 |  | 2625414 | 2931 | SH |  | DFND | 1 | 2501 | 0 | 430 |
| KULICKE  SOFFA INDS | COM | 501242101 |  | 434237 | 12549 | SH |  | OTR | 2 | 12404 | 0 | 145 |
| Kulicke  Soffa Industries Inc | COM | 501242101 |  | 5629939 | 162715 | SH |  | DFND | 1 | 83755 | 0 | 78960 |
| KVH Industries Inc. | COM | 482738101 |  | 5846424 | 1096890 | SH |  | DFND | 1 | 606940 | 0 | 489950 |
| L3Harris Technologies Inc. | COM | 502431109 |  | 5168558 | 20605 | SH |  | DFND | 1 | 14880 | 0 | 5725 |
| LA Z BOY INCORPORATED | COM | 505336107 |  | 888359 | 23899 | SH |  | OTR | 2 | 23613 | 0 | 287 |
| La-Z-Boy Inc. | COM | 505336107 |  | 19053082 | 512593 | SH |  | DFND | 1 | 298138 | 0 | 214455 |
| Labcorp Holdings Inc. | COM SHS | 504922105 |  | 2321113 | 8842 | SH |  | DFND | 1 | 6592 | 0 | 2250 |
| LAM Research Corp. | COM NEW | 512807306 |  | 905262 | 9300 | SH |  | DFND | 1 | 9300 | 0 | 0 |
| Lear Corp. | COM NEW | 521865204 |  | 1975964 | 20804 | SH |  | DFND | 1 | 12989 | 0 | 7815 |
| LEIDOS HLDGS INC | COM | 525327102 |  | 1168912 | 7408 | SH |  | OTR | 2 | 7310 | 0 | 98 |
| Leidos Holdings Inc. | COM | 525327102 |  | 25804488 | 163568 | SH |  | DFND | 1 | 94718 | 0 | 68850 |
| Lowe's Companies Inc. | COM | 548661107 |  | 1849286 | 8335 | SH |  | DFND | 1 | 8335 | 0 | 0 |
| LSB INDUSTRIES | COM | 502160104 |  | 660164 | 84636 | SH |  | OTR | 2 | 83628 | 0 | 1008 |
| LSB Industries Inc. | COM | 502160104 |  | 13516324 | 1732862 | SH |  | DFND | 1 | 932687 | 0 | 800175 |
| LSI INDUSTRIES INC OHIO | COM | 50216C108 |  | 1390792 | 81763 | SH |  | OTR | 2 | 80700 | 0 | 1063 |
| LSI Industries Inc. | COM | 50216C108 |  | 42705459 | 2510609 | SH |  | DFND | 1 | 1351159 | 0 | 1159450 |
| Lucky Strike Entertainment Cor | CL A COM | 10258P102 |  | 5432898 | 595060 | SH |  | DFND | 1 | 320710 | 0 | 274350 |
| LUCKY STRIKE ENTRTNMT COR CL A | CL A COM | 10258P102 |  | 352570 | 38616 | SH |  | OTR | 2 | 38181 | 0 | 435 |
| LXP INDUSTRIAL TRUST | COM | 529043101 |  | 926924 | 112218 | SH |  | OTR | 2 | 110926 | 0 | 1291 |
| LXP Industrial Trust (REIT) | COM | 529043101 |  | 23994895 | 2904951 | SH |  | DFND | 1 | 1601796 | 0 | 1303155 |
| Madison Square Garden Entertai | CL A | 558256103 |  | 35826390 | 896332 | SH |  | DFND | 1 | 483361 | 0 | 412971 |
| Madison Square Garden Sports C | CL A | 55825T103 |  | 27623190 | 132200 | SH |  | DFND | 1 | 75335 | 0 | 56865 |
| MADISON SQUARE GRDN SPRT CL A | CL A | 55825T103 |  | 938068 | 4488 | SH |  | OTR | 2 | 4434 | 0 | 54 |
| Magna International Cl A | COM | 559222401 |  | 1885905 | 48845 | SH |  | DFND | 1 | 37565 | 0 | 11280 |
| Magnachip Semiconductor Corp | COM | 55933J203 |  | 6890276 | 1731225 | SH |  | DFND | 1 | 974875 | 0 | 756350 |
| MAGNACHIP SEMICONDUCTOR CORP N | COM | 55933J203 |  | 838312 | 210631 | SH |  | OTR | 2 | 208083 | 0 | 2548 |
| MAGNOLIA OIL  GAS CORP CL A | CL A | 559663109 |  | 2190377 | 97436 | SH |  | OTR | 2 | 96205 | 0 | 1231 |
| Magnolia Oil  Gas Corporation | CL A | 559663109 |  | 65559863 | 2916364 | SH |  | DFND | 1 | 1635859 | 0 | 1280505 |
| Maravai Lifesciences Holdings | COM CL A | 56600D107 |  | 3707756 | 1538488 | SH |  | DFND | 1 | 932393 | 0 | 606095 |
| MARAVAI LIFESCIENCES HOLDINGS | COM CL A | 56600D107 |  | 321083 | 133229 | SH |  | OTR | 2 | 131561 | 0 | 1668 |
| Markel Goup Inc. | COM | 570535104 |  | 4272353 | 2139 | SH |  | DFND | 1 | 1574 | 0 | 565 |
| Masco Corp. | COM | 574599106 |  | 2090091 | 32475 | SH |  | DFND | 1 | 27625 | 0 | 4850 |
| MASTERCRAFT BOAT HLDGS INC | COM | 57637H103 |  | 1109406 | 59709 | SH |  | OTR | 2 | 58996 | 0 | 713 |
| MasterCraft Boat Holdings Inc. | COM | 57637H103 |  | 18970552 | 1021020 | SH |  | DFND | 1 | 573070 | 0 | 447950 |
| MaxLinear Inc. | COM | 57776J100 |  | 1353019 | 95216 | SH |  | DFND | 1 | 81116 | 0 | 14100 |
| MDSN SQ GRD ENT CL A | COM CL A | 558256103 |  | 1108157 | 27724 | SH |  | OTR | 2 | 27364 | 0 | 360 |
| Merck  Co. Inc. | COM | 58933Y105 |  | 577868 | 7300 | SH |  | DFND | 1 | 7300 | 0 | 0 |
| METALLUS INC | COM | 887399103 |  | 599920 | 38930 | SH |  | OTR | 2 | 38497 | 0 | 432 |
| Metallus Inc. | COM | 887399103 |  | 21019841 | 1364039 | SH |  | DFND | 1 | 791239 | 0 | 572800 |
| Microsoft Corporation | COM | 594918104 |  | 1832956 | 3685 | SH |  | DFND | 1 | 3685 | 0 | 0 |
| MILLER IDS NEW | COM NEW | 600551204 |  | 444035 | 9986 | SH |  | OTR | 2 | 9875 | 0 | 111 |
| Miller Industries Inc. | COM NEW | 600551204 |  | 16794454 | 377743 | SH |  | DFND | 1 | 221593 | 0 | 156150 |
| MKS INC | COM | 55306N104 |  | 640350 | 6444 | SH |  | OTR | 2 | 6363 | 0 | 80 |
| MKS Inc. | COM | 55306N104 |  | 22528588 | 226737 | SH |  | DFND | 1 | 126217 | 0 | 100520 |
| Morgan Stanley | COM NEW | 617446448 |  | 1901610 | 13500 | SH |  | DFND | 1 | 13500 | 0 | 0 |
| MUELLER INDUS INC | COM | 624756102 |  | 2604986 | 32778 | SH |  | OTR | 2 | 32423 | 0 | 356 |
| Mueller Industries Inc. | COM | 624756102 |  | 72680957 | 914571 | SH |  | DFND | 1 | 525561 | 0 | 389010 |
| National Healthcare Corp. | COM | 635906100 |  | 12366718 | 115566 | SH |  | DFND | 1 | 56116 | 0 | 59450 |
| NATL HLTHCARE CORP | COM | 635906100 |  | 481311 | 4497 | SH |  | OTR | 2 | 4440 | 0 | 57 |
| NEWMARK GROUP INC CL A | CL A | 65158N102 |  | 535665 | 44087 | SH |  | OTR | 2 | 43567 | 0 | 519 |
| Newmark Group Inc. Class A | CL A | 65158N102 |  | 18771665 | 1544993 | SH |  | DFND | 1 | 914893 | 0 | 630100 |
| NNN REIT Inc. | COM | 637417106 |  | 2618651 | 60645 | SH |  | DFND | 1 | 36845 | 0 | 23800 |
| NOBLE CORP NEW A | ORD SHS A | G65431127 |  | 742460 | 27964 | SH |  | OTR | 2 | 27635 | 0 | 329 |
| Noble Corp. PLC | ORD SHS A | G65431127 |  | 13608760 | 512571 | SH |  | DFND | 1 | 283496 | 0 | 229075 |
| Nomad Foods Limited | USD ORD SHS | G6564A105 |  | 25037721 | 1473674 | SH |  | DFND | 1 | 787714 | 0 | 685960 |
| NOMAD HLDGS LTD | USD ORD SHS | G6564A105 |  | 693455 | 40814 | SH |  | OTR | 2 | 40283 | 0 | 532 |
| NORTHWESTERN ENERGY GROUP INC | COM NEW | 668074305 |  | 1979348 | 38583 | SH |  | OTR | 2 | 38108 | 0 | 474 |
| NorthWestern Energy Group Inc. | COM NEW | 668074305 |  | 56775044 | 1106726 | SH |  | DFND | 1 | 598726 | 0 | 508000 |
| nVent Electric plc | SHS | G6700G107 |  | 454516 | 6205 | SH |  | DFND | 1 | 205 | 0 | 6000 |
| NXP Semiconductors N.V. | COM | N6596X109 |  | 609587 | 2790 | SH |  | DFND | 1 | 1640 | 0 | 1150 |
| Occidental Petroleum Corporati | COM | 674599105 |  | 9704 | 231 | SH |  | DFND | 1 | 231 | 0 | 0 |
| OCEAN FIRST FINANCIAL CORP | COM | 675234108 |  | 657238 | 37321 | SH |  | OTR | 2 | 36891 | 0 | 430 |
| OceanFirst Financial Corp. | COM | 675234108 |  | 16666985 | 946450 | SH |  | DFND | 1 | 516200 | 0 | 430250 |
| Old Republic Intl Corp. | COM | 680223104 |  | 34146098 | 888296 | SH |  | DFND | 1 | 505546 | 0 | 382750 |
| OLD REPUBLIC INTL CP | COM | 680223104 |  | 856324 | 22276 | SH |  | OTR | 2 | 21972 | 0 | 304 |
| OMNICELL INC | COM | 68213N109 |  | 339308 | 11540 | SH |  | OTR | 2 | 11392 | 0 | 148 |
| Omnicell Inc. | COM | 68213N109 |  | 3106257 | 105655 | SH |  | DFND | 1 | 58040 | 0 | 47615 |
| ONTO INNOVATION INC | COM | 683344105 |  | 1184597 | 11736 | SH |  | OTR | 2 | 11625 | 0 | 110 |
| Onto Innovations Inc. | COM | 683344105 |  | 15372245 | 152306 | SH |  | DFND | 1 | 84501 | 0 | 67805 |
| ORA SURE TECH INC | COM | 68554V108 |  | 539734 | 179911 | SH |  | OTR | 2 | 178354 | 0 | 1557 |
| OraSure Technologies Inc. | COM | 68554V108 |  | 6147495 | 2049165 | SH |  | DFND | 1 | 1331140 | 0 | 718025 |
| Organon  Co. | COMMON STOCK | 68622V106 |  | 7066 | 730 | SH |  | DFND | 1 | 730 | 0 | 0 |
| OSHKOSH CORP | COM | 688239201 |  | 514650 | 4532 | SH |  | OTR | 2 | 4475 | 0 | 56 |
| Oshkosh Corp. | COM | 688239201 |  | 9130660 | 80418 | SH |  | DFND | 1 | 47973 | 0 | 32445 |
| OSI SYSTEMS INC | COM | 671044105 |  | 1439445 | 6400 | SH |  | OTR | 2 | 6317 | 0 | 83 |
| OSI Systems Inc. | COM | 671044105 |  | 57621274 | 256254 | SH |  | DFND | 1 | 137079 | 0 | 119175 |
| Otis Worldwide Corp. | COM | 68902V107 |  | 297060 | 3000 | SH |  | DFND | 1 | 3000 | 0 | 0 |
| OUTFRONT Media Inc. | COM NEW | 69007J304 |  | 1031277 | 63191 | SH |  | DFND | 1 | 54091 | 0 | 9100 |
| OVINTIV INC | COM | 69047Q102 |  | 932264 | 24500 | SH |  | OTR | 2 | 24224 | 0 | 276 |
| Ovintiv Inc. | COM | 69047Q102 |  | 25024610 | 657677 | SH |  | DFND | 1 | 354222 | 0 | 303455 |
| OWENS CORNING INC | COM | 690742101 |  | 769647 | 5596 | SH |  | OTR | 2 | 5532 | 0 | 63 |
| Owens Corning New | COM | 690742101 |  | 29442207 | 214094 | SH |  | DFND | 1 | 118514 | 0 | 95580 |
| PERION NETWORK LTD | SHS NEW | M78673114 |  | 680579 | 67051 | SH |  | OTR | 2 | 66262 | 0 | 789 |
| Perion Network Ltd. | SHS NEW | M78673114 |  | 6678903 | 658020 | SH |  | DFND | 1 | 399965 | 0 | 258055 |
| PERRIGO CO LTD | SHS | G97822103 |  | 1325703 | 49614 | SH |  | OTR | 2 | 49023 | 0 | 591 |
| Perrigo Co. PLC | SHS | G97822103 |  | 34084353 | 1275612 | SH |  | DFND | 1 | 724467 | 0 | 551145 |
| PIEDMONT REALTY TRUST INC CL A | COM CL A | 720190206 |  | 290650 | 39869 | SH |  | OTR | 2 | 39334 | 0 | 535 |
| Piedmont Realty Trust Inc. | COM CL A | 720190206 |  | 10354483 | 1420368 | SH |  | DFND | 1 | 810533 | 0 | 609835 |
| Pinnacle West Capital Corporat | COM | 723484101 |  | 4003335 | 44745 | SH |  | DFND | 1 | 31825 | 0 | 12920 |
| Piper Sandler Companies | COM | 724078100 |  | 52304417 | 188186 | SH |  | DFND | 1 | 104141 | 0 | 84045 |
| PIPER SANDLER COMPANIES | COM | 724078100 |  | 1838456 | 6613 | SH |  | OTR | 2 | 6527 | 0 | 87 |
| PNC Financial Services Group I | COM | 693475105 |  | 857532 | 4600 | SH |  | DFND | 1 | 4600 | 0 | 0 |
| POLARIS INC | COM | 731068102 |  | 616404 | 15162 | SH |  | OTR | 2 | 15002 | 0 | 160 |
| Polaris Inc. | COM | 731068102 |  | 7202692 | 177188 | SH |  | DFND | 1 | 93368 | 0 | 83820 |
| PORTLAND GENERAL ELEC CO | COM NEW | 736508847 |  | 881547 | 21696 | SH |  | OTR | 2 | 21467 | 0 | 229 |
| Portland General Electric | COM NEW | 736508847 |  | 23402271 | 575985 | SH |  | DFND | 1 | 335620 | 0 | 240365 |
| PRINCETON BANCORP INC | COM | 74179A107 |  | 762304 | 24960 | SH |  | OTR | 2 | 24674 | 0 | 286 |
| Princeton Bancorp Inc. | COM | 74179A107 |  | 9781565 | 320287 | SH |  | DFND | 1 | 152187 | 0 | 168100 |
| PROGRESS SOFTWARE | COM | 743312100 |  | 1439771 | 22552 | SH |  | OTR | 2 | 22263 | 0 | 289 |
| Progress Software Corp. | COM | 743312100 |  | 39674836 | 621473 | SH |  | DFND | 1 | 339683 | 0 | 281790 |
| PROVIDENT FIN SVC INC | COM | 74386T105 |  | 1210423 | 69048 | SH |  | OTR | 2 | 68146 | 0 | 902 |
| Provident Financial Services I | COM | 74386T105 |  | 33472659 | 1909450 | SH |  | DFND | 1 | 1028209 | 0 | 881241 |
| Prudential Financial Inc. | COM | 744320102 |  | 112275 | 1045 | SH |  | DFND | 1 | 1045 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 636530 | 6034 | SH |  | OTR | 2 | 5971 | 0 | 64 |
| PulteGroup Inc. | COM | 745867101 |  | 13661921 | 129546 | SH |  | DFND | 1 | 77086 | 0 | 52460 |
| QUANEX BUILDING PRODUCTS CORP | COM | 747619104 |  | 947790 | 50147 | SH |  | OTR | 2 | 49527 | 0 | 620 |
| Quanex Building Products Corpo | COM | 747619104 |  | 23302415 | 1232932 | SH |  | DFND | 1 | 675632 | 0 | 557300 |
| QUIDELORTHO CORP | COM | 219798105 |  | 505736 | 17547 | SH |  | OTR | 2 | 17339 | 0 | 208 |
| QuidelOrtho Corporation | COM | 219798105 |  | 5982167 | 207570 | SH |  | DFND | 1 | 122745 | 0 | 84825 |
| RADIUS RECYCLING INC CLASS A | CL A | 806882106 |  | 5474 | 184 | SH |  | OTR | 2 | 184 | 0 | 0 |
| Ralph Lauren Corp. | CL A | 751212101 |  | 3713203 | 13538 | SH |  | DFND | 1 | 9458 | 0 | 4080 |
| Raymond James Financial Inc. | COM | 754730109 |  | 3865844 | 25206 | SH |  | DFND | 1 | 16166 | 0 | 9040 |
| REALTY INCOME CORP | COM | 756109104 |  | 518 | 9 | SH |  | OTR | 2 | 9 | 0 | 0 |
| Regal Rexnord Corp. | COM | 758750103 |  | 22629271 | 156107 | SH |  | DFND | 1 | 91642 | 0 | 64465 |
| REGAL REXNORD CORPORATION | COM | 758750103 |  | 1328591 | 9164 | SH |  | OTR | 2 | 9059 | 0 | 105 |
| REX AMERICAN RESOURCES CORP | COM | 761624105 |  | 1150745 | 23624 | SH |  | OTR | 2 | 23326 | 0 | 298 |
| REX American Resources Corp. | COM | 761624105 |  | 32874769 | 674908 | SH |  | DFND | 1 | 357133 | 0 | 317775 |
| RTX Corp. | COM | 75513E101 |  | 876120 | 6000 | SH |  | DFND | 1 | 6000 | 0 | 0 |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 |  | 1178411 | 63904 | SH |  | OTR | 2 | 63066 | 0 | 838 |
| Sabra Health Care REIT Inc. | COM | 78573L106 |  | 41700898 | 2261437 | SH |  | DFND | 1 | 1258037 | 0 | 1003400 |
| Schlumberger Limited | COM STK | 806857108 |  | 280540 | 8300 | SH |  | DFND | 1 | 8300 | 0 | 0 |
| Science Applications Internati | COM | 808625107 |  | 21275069 | 188927 | SH |  | DFND | 1 | 109152 | 0 | 79775 |
| SCIENCE APPLICATIONS INTL CORP | COM | 808625107 |  | 797896 | 7085 | SH |  | OTR | 2 | 6999 | 0 | 86 |
| SEADRILL 2021 LTD | COM | G7997W102 |  | 553367 | 21079 | SH |  | OTR | 2 | 20861 | 0 | 218 |
| Seadrill Limited | COM | G7997W102 |  | 12794723 | 487418 | SH |  | DFND | 1 | 279193 | 0 | 208225 |
| SELECT WATER SOLUTION INC CL A | CL A COM | 81617J301 |  | 378389 | 43794 | SH |  | OTR | 2 | 43309 | 0 | 485 |
| Select Water Solutions Inc. Cl | CL A COM | 81617J301 |  | 10529499 | 1218692 | SH |  | DFND | 1 | 699242 | 0 | 519450 |
| SELECTIVE INSURANCE GROUP | COM | 816300107 |  | 1467763 | 16938 | SH |  | OTR | 2 | 16748 | 0 | 190 |
| Selective Insurance Group Inc. | COM | 816300107 |  | 27209920 | 314021 | SH |  | DFND | 1 | 183071 | 0 | 130950 |
| SILICOM LIMITED | ORD | M84116108 |  | 616835 | 39882 | SH |  | OTR | 2 | 39406 | 0 | 476 |
| Silicom Ltd. | ORD | M84116108 |  | 7585856 | 490486 | SH |  | DFND | 1 | 239011 | 0 | 251475 |
| SILICON MOTION TECH CORP ADR | SPONSORED ADR | 82706C108 |  | 1425272 | 18960 | SH |  | OTR | 2 | 18737 | 0 | 223 |
| Silicon Motion Technology Corp | SPONSORED ADR | 82706C108 |  | 43486747 | 578512 | SH |  | DFND | 1 | 324227 | 0 | 254285 |
| SMITHFIELD FOODS INC | COM | 832248207 |  | 604414 | 25687 | SH |  | OTR | 2 | 25373 | 0 | 314 |
| Smithfield Foods Inc. | COM | 832248207 |  | 14777546 | 628030 | SH |  | DFND | 1 | 350180 | 0 | 277850 |
| SONOS INC | COM | 83570H108 |  | 524077 | 48480 | SH |  | OTR | 2 | 47908 | 0 | 572 |
| Sonos Inc. | COM | 83570H108 |  | 12508305 | 1157105 | SH |  | DFND | 1 | 628105 | 0 | 529000 |
| SPECTRUM BRANDS HLDGS INC | COM | 84790A105 |  | 748375 | 14119 | SH |  | OTR | 2 | 13982 | 0 | 138 |
| Spectrum Brands Holdings Inc. | COM | 84790A105 |  | 18514172 | 349324 | SH |  | DFND | 1 | 197714 | 0 | 151610 |
| SPHERE ENTERTAINMENT CO CL A | CL A | 55826T102 |  | 513436 | 12282 | SH |  | OTR | 2 | 12102 | 0 | 180 |
| Sphere Entertainment Co. | CL A | 55826T102 |  | 14170534 | 339008 | SH |  | DFND | 1 | 190372 | 0 | 148636 |
| State Street Corp. | COM | 857477103 |  | 574236 | 5400 | SH |  | DFND | 1 | 5400 | 0 | 0 |
| STEVEN MADDEN LTD | COM | 556269108 |  | 860141 | 35868 | SH |  | OTR | 2 | 35485 | 0 | 383 |
| Steven Madden Ltd. | COM | 556269108 |  | 11253215 | 469275 | SH |  | DFND | 1 | 255200 | 0 | 214075 |
| Stifel Financial Corp. | COM | 860630102 |  | 42255687 | 407166 | SH |  | DFND | 1 | 230786 | 0 | 176380 |
| STIFEL FINANCIAL CORPORATION | COM | 860630102 |  | 1195241 | 11516 | SH |  | OTR | 2 | 11361 | 0 | 155 |
| Strategic Education Inc. | COM | 86272C103 |  | 2623707 | 30820 | SH |  | DFND | 1 | 20720 | 0 | 10100 |
| STRIDE INC | COM | 86333M108 |  | 1997817 | 13759 | SH |  | OTR | 2 | 13636 | 0 | 122 |
| Stride Inc. | COM | 86333M108 |  | 50974902 | 351091 | SH |  | DFND | 1 | 191627 | 0 | 159464 |
| SUMMIT HOTEL PROPERTIES INC | COM | 866082100 |  | 380689 | 74791 | SH |  | OTR | 2 | 74075 | 0 | 715 |
| Summit Hotel Properties Inc. ( | COM | 866082100 |  | 5163372 | 1014415 | SH |  | DFND | 1 | 529765 | 0 | 484650 |
| SUPERNUS PHARMACEUTICALS INC | COM | 868459108 |  | 325810 | 10335 | SH |  | OTR | 2 | 10207 | 0 | 128 |
| Supernus Pharmaceuticals Inc. | COM | 868459108 |  | 7413819 | 235210 | SH |  | DFND | 1 | 136025 | 0 | 99185 |
| Sylvamo Corp. | COMMON STOCK | 871332102 |  | 32315 | 645 | SH |  | DFND | 1 | 645 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 1084874 | 12354 | SH |  | OTR | 2 | 12212 | 0 | 142 |
| Tapestry Inc. | COM | 876030107 |  | 32264643 | 367437 | SH |  | DFND | 1 | 212607 | 0 | 154830 |
| Teekay Tankers Ltd (Bermuda) | CL A | G8726X106 |  | 8552391 | 204995 | SH |  | DFND | 1 | 108170 | 0 | 96825 |
| TEEKAY TANKERS LTD CL A | CL A | G8726X106 |  | 376329 | 9019 | SH |  | OTR | 2 | 8923 | 0 | 97 |
| TETRA TECH INC | COM | 88162G103 |  | 668119 | 18578 | SH |  | OTR | 2 | 18376 | 0 | 202 |
| Tetra Tech Inc. | COM | 88162G103 |  | 5891614 | 163838 | SH |  | DFND | 1 | 92138 | 0 | 71700 |
| The Hartford Insurance Group I | COM | 416515104 |  | 859544 | 6775 | SH |  | DFND | 1 | 175 | 0 | 6600 |
| TOWER SEMICONDUCTOR LTD NEW | SHS NEW | M87915274 |  | 874270 | 20136 | SH |  | OTR | 2 | 19888 | 0 | 248 |
| Tower Semiconductor Ltd. | SHS NEW | M87915274 |  | 32948037 | 760047 | SH |  | DFND | 1 | 430097 | 0 | 329950 |
| Trane Technologies plc | SHS | G8994E103 |  | 2187050 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| Travel and Leisure Co. | COM | 894164102 |  | 371592 | 7200 | SH |  | DFND | 1 | 7200 | 0 | 0 |
| Trustco Bank Corp NY (new) | COM NEW | 898349204 |  | 38143884 | 1141349 | SH |  | DFND | 1 | 617299 | 0 | 524050 |
| TRUSTCO BK CORP N Y | COM NEW | 898349204 |  | 1112233 | 33279 | SH |  | OTR | 2 | 32858 | 0 | 421 |
| U HAUL HOLDING COMPANY SER N | COM SER N | 023586506 |  | 636267 | 11702 | SH |  | OTR | 2 | 11557 | 0 | 145 |
| U-Haul Holding Company | COM | 023586100 |  | 99440 | 1642 | SH |  | DFND | 1 | 1252 | 0 | 390 |
| U-Haul Holding Company Series | COM SER N | 023586506 |  | 13962162 | 256799 | SH |  | DFND | 1 | 153544 | 0 | 103255 |
| UMB FINANCIAL CORP | COM | 902788108 |  | 1263395 | 12013 | SH |  | OTR | 2 | 11870 | 0 | 143 |
| UMB Financial Corp. | COM | 902788108 |  | 35228179 | 334996 | SH |  | DFND | 1 | 184396 | 0 | 150600 |
| UNITED BANKSHARES INC W VA | COM | 909907107 |  | 592832 | 16272 | SH |  | OTR | 2 | 16070 | 0 | 202 |
| United Bankshares Inc. | COM | 909907107 |  | 15039033 | 412820 | SH |  | DFND | 1 | 222940 | 0 | 189880 |
| UNITED COMMUNITY BANKS INC | COM | 90984P303 |  | 793208 | 26626 | SH |  | OTR | 2 | 26311 | 0 | 314 |
| United Community Banks Inc. | COM | 90984P303 |  | 26012151 | 873184 | SH |  | DFND | 1 | 465134 | 0 | 408050 |
| UNITED FIRE GROUP INC | COM | 910340108 |  | 503759 | 17551 | SH |  | OTR | 2 | 17327 | 0 | 224 |
| United Fire Group Inc. | COM | 910340108 |  | 16823825 | 586196 | SH |  | DFND | 1 | 305721 | 0 | 280475 |
| UNIVERSAL DISPLAY CORP | COM | 91347P105 |  | 721499 | 4670 | SH |  | OTR | 2 | 4613 | 0 | 57 |
| Universal Display Corp. | COM | 91347P105 |  | 19497486 | 126230 | SH |  | DFND | 1 | 73725 | 0 | 52505 |
| URBAN OUTFITTERS INC | COM | 917047102 |  | 1364997 | 18816 | SH |  | OTR | 2 | 18602 | 0 | 215 |
| Urban Outfitters Inc. | COM | 917047102 |  | 52663532 | 725993 | SH |  | DFND | 1 | 412623 | 0 | 313370 |
| V2X INC | COM | 92242T101 |  | 498428 | 10265 | SH |  | OTR | 2 | 10131 | 0 | 134 |
| V2X Inc. | COM | 92242T101 |  | 20212190 | 416317 | SH |  | DFND | 1 | 240597 | 0 | 175720 |
| VANGUARD SM CAP VALUE ETF | SM CP VAL ETF | 922908611 |  | 78136 | 401 | SH |  | OTR | 2 | 401 | 0 | 0 |
| VICI Properties Inc. | COM | 925652109 |  | 883134 | 27090 | SH |  | DFND | 1 | 695 | 0 | 26395 |
| Village Super Market Inc. | CL A NEW | 927107409 |  | 16846715 | 437577 | SH |  | DFND | 1 | 245377 | 0 | 192200 |
| Visa Inc. CL A | COM CL A | 92826C839 |  | 2946915 | 8300 | SH |  | DFND | 1 | 8300 | 0 | 0 |
| VISHAY INTERTECHNOLOGY INC | COM | 928298108 |  | 853488 | 53745 | SH |  | OTR | 2 | 53151 | 0 | 594 |
| Vishay Intertechnology Inc. | COM | 928298108 |  | 23661121 | 1489995 | SH |  | DFND | 1 | 842045 | 0 | 647950 |
| VISTEON CORP | COM NEW | 92839U206 |  | 931988 | 9988 | SH |  | OTR | 2 | 9868 | 0 | 120 |
| Visteon Corp. | COM NEW | 92839U206 |  | 25676627 | 275205 | SH |  | DFND | 1 | 154025 | 0 | 121180 |
| VLG SUPERMK A NEW | CL A NEW | 927107409 |  | 792215 | 20576 | SH |  | OTR | 2 | 20318 | 0 | 258 |
| WAFD INC | COM | 938824109 |  | 1474106 | 50344 | SH |  | OTR | 2 | 49746 | 0 | 598 |
| WaFd Inc. | COM | 938824109 |  | 43674897 | 1491629 | SH |  | DFND | 1 | 836354 | 0 | 655275 |
| Warner Bros. Discovery Inc. Se | COM SER A | 934423104 |  | 237680 | 20740 | SH |  | DFND | 1 | 530 | 0 | 20210 |
| Webster Financial Corp. | COM | 947890109 |  | 53741470 | 984276 | SH |  | DFND | 1 | 562921 | 0 | 421355 |
| WEBSTER FINCL CORP | COM | 947890109 |  | 1619336 | 29657 | SH |  | OTR | 2 | 29237 | 0 | 421 |
| WILLIAMS SONOMA | COM | 969904101 |  | 1080226 | 6611 | SH |  | OTR | 2 | 6533 | 0 | 78 |
| Williams-Sonoma Inc. | COM | 969904101 |  | 27067305 | 165681 | SH |  | DFND | 1 | 98166 | 0 | 67515 |
| Wyndham Hotels  Resorts Inc. | COM | 98311A105 |  | 584712 | 7200 | SH |  | DFND | 1 | 7200 | 0 | 0 |

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