# EDGAR Filing Document

**Accession Number:** 0001727783
**File Stem:** 0001727783-25-000008
**Filing Date:** 2025-11
**Character Count:** 37843
**Document Hash:** e3f58509162c43442f424c2b6406bb61
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001727783-25-000008.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001727783-25-000008

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**EFFECTIVENESS DATE**: 20251112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Neo Ivy Capital Management
- **CENTRAL INDEX KEY:** 0001727783

**ORGANIZATION NAME:**
- **EIN:** 811036711
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19243
- **FILM NUMBER:** 251470513

**BUSINESS ADDRESS:**
- **STREET 1:** 250 PARK AVE FL 7
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 6463899813

**MAIL ADDRESS:**
- **STREET 1:** 250 PARK AVE FL 7
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Neo Ivy Capital Management<br>**Address:** 250 PARK AVE FL 7<br>NEW YORK, NY 10022

**Form 13F File Number:** 028-19243

**CRD Number (if applicable):** 000284999

**SEC File Number (if applicable):** 801-117018

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:** Steven Greenblatt<br>**Title:** CCO<br>**Phone:** 646-389-9813

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

Steven Greenblatt  New York, NY  11-12-2025<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:** 374

**Form 13F Information Table Value Total:** $410232605

      (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 |
| MILLICOM INTL | COM STK | L6388F110 |  | 2391662 | 49272 | SH |  | SOLE |  | 49272 | 0 | 0 |
| PRIMORIS SERVICE | COM | 74164F103 |  | 919012 | 6692 | SH |  | SOLE |  | 6692 | 0 | 0 |
| MAGNITE INC | COM | 55955D100 |  | 26876 | 1234 | SH |  | SOLE |  | 1234 | 0 | 0 |
| SIGNET JEWELERS | SHS | G81276100 |  | 82299 | 858 | SH |  | SOLE |  | 858 | 0 | 0 |
| HUNT (JB) TRANS | COM | 445658107 |  | 307517 | 2292 | SH |  | SOLE |  | 2292 | 0 | 0 |
| EXACT SCIENCES | COM | 30063P105 |  | 599621 | 10960 | SH |  | SOLE |  | 10960 | 0 | 0 |
| SPIRIT AEROSYS-A | COM CL A | 848574109 |  | 435022 | 11270 | SH |  | SOLE |  | 11270 | 0 | 0 |
| VERTEX PHARM | COM | 92532F100 |  | 2841739 | 7256 | SH |  | SOLE |  | 7256 | 0 | 0 |
| GOODYEAR TIRE | COM | 382550101 |  | 545561 | 72936 | SH |  | SOLE |  | 72936 | 0 | 0 |
| BRIGHTSTAR LOTTE | SHS USD | G4863A108 |  | 1477566 | 85656 | SH |  | SOLE |  | 85656 | 0 | 0 |
| AMAZON.COM INC | COM | 023135106 |  | 1000360 | 4556 | SH |  | SOLE |  | 4556 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 1001649 | 14230 | SH |  | SOLE |  | 14230 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 602731 | 8340 | SH |  | SOLE |  | 8340 | 0 | 0 |
| DENTSPLY SIRONA | COM | 24906P109 |  | 2291077 | 180542 | SH |  | SOLE |  | 180542 | 0 | 0 |
| PATTERSON-UTI | COM | 703481101 |  | 773477 | 149320 | SH |  | SOLE |  | 149320 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 555764 | 14956 | SH |  | SOLE |  | 14956 | 0 | 0 |
| PALANTIR TECHN-A | CL A | 69608A108 |  | 4481329 | 24566 | SH |  | SOLE |  | 24566 | 0 | 0 |
| JOHNSON | COM | 478160104 |  | 2792054 | 15058 | SH |  | SOLE |  | 15058 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 76995 | 522 | SH |  | SOLE |  | 522 | 0 | 0 |
| LOAR HOLDINGS IN | COM SHS | 53947R105 |  | 99200 | 1240 | SH |  | SOLE |  | 1240 | 0 | 0 |
| CATALYST PHARMAC | COM | 14888U101 |  | 417955 | 21216 | SH |  | SOLE |  | 21216 | 0 | 0 |
| SOLVENTUM | COM SHS | 83444M101 |  | 12118 | 166 | SH |  | SOLE |  | 166 | 0 | 0 |
| SAILPOINT INC | COM | 78781J109 |  | 17310 | 784 | SH |  | SOLE |  | 784 | 0 | 0 |
| NOV INC | COM | 62955J103 |  | 841958 | 63544 | SH |  | SOLE |  | 63544 | 0 | 0 |
| PAYONEER GLOBAL | COM | 70451X104 |  | 85716 | 14168 | SH |  | SOLE |  | 14168 | 0 | 0 |
| KRATOS DEFENSE | COM NEW | 50077B207 |  | 52080 | 570 | SH |  | SOLE |  | 570 | 0 | 0 |
| FREEPORT-MCMORAN | CL B | 35671D857 |  | 3552469 | 90578 | SH |  | SOLE |  | 90578 | 0 | 0 |
| STARWOOD PROPERT | COM | 85571B105 |  | 600470 | 31000 | SH |  | SOLE |  | 31000 | 0 | 0 |
| ALPHATEC HOLDING | COM NEW | 02081G201 |  | 12242 | 842 | SH |  | SOLE |  | 842 | 0 | 0 |
| CLEANSPARK INC | COM NEW | 18452B209 |  | 2138228 | 147464 | SH |  | SOLE |  | 147464 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 5784 | 172 | SH |  | SOLE |  | 172 | 0 | 0 |
| LOCKHEED MARTIN | COM | 539830109 |  | 998 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 4195278 | 44268 | SH |  | SOLE |  | 44268 | 0 | 0 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 699150 | 6778 | SH |  | SOLE |  | 6778 | 0 | 0 |
| LOWE'S COS INC | COM | 548661107 |  | 1583253 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| IBM | COM | 459200101 |  | 1793408 | 6356 | SH |  | SOLE |  | 6356 | 0 | 0 |
| FERGUSON ENTERPR | COMMON STOCK NEW | 31488V107 |  | 2516643 | 11206 | SH |  | SOLE |  | 11206 | 0 | 0 |
| AVIS BUDGET GROU | COM | 053774105 |  | 2817770 | 17548 | SH |  | SOLE |  | 17548 | 0 | 0 |
| CVR ENERGY INC | COM | 12662P108 |  | 2383603 | 65340 | SH |  | SOLE |  | 65340 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 604071 | 1266 | SH |  | SOLE |  | 1266 | 0 | 0 |
| EURONET WORLDWID | COM | 298736109 |  | 1723534 | 19628 | SH |  | SOLE |  | 19628 | 0 | 0 |
| PAGAYA TECHNOL-A | CL A NEW | M7S64L123 |  | 227544 | 7664 | SH |  | SOLE |  | 7664 | 0 | 0 |
| AGILENT TECH INC | COM | 00846U101 |  | 1203409 | 9376 | SH |  | SOLE |  | 9376 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 802652 | 13846 | SH |  | SOLE |  | 13846 | 0 | 0 |
| FORMFACTOR INC | COM | 346375108 |  | 164399 | 4514 | SH |  | SOLE |  | 4514 | 0 | 0 |
| DOXIMITY INC-A | CL A | 26622P107 |  | 1201269 | 16422 | SH |  | SOLE |  | 16422 | 0 | 0 |
| WESCO INTL | COM | 95082P105 |  | 2263050 | 10700 | SH |  | SOLE |  | 10700 | 0 | 0 |
| SCORPIO TANKERS | SHS | Y7542C130 |  | 422504 | 7538 | SH |  | SOLE |  | 7538 | 0 | 0 |
| CALIX INC | COM | 13100M509 |  | 159562 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| ALKERMES PLC | SHS | G01767105 |  | 892680 | 29756 | SH |  | SOLE |  | 29756 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 601869 | 5434 | SH |  | SOLE |  | 5434 | 0 | 0 |
| PINNACLE WEST | COM | 723484101 |  | 541367 | 6038 | SH |  | SOLE |  | 6038 | 0 | 0 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 320805 | 30038 | SH |  | SOLE |  | 30038 | 0 | 0 |
| CAL-MAINE FOODS | COM NEW | 128030202 |  | 1303849 | 13856 | SH |  | SOLE |  | 13856 | 0 | 0 |
| REMIT GLOBAL INC | COM | 75960P104 |  | 1602746 | 98328 | SH |  | SOLE |  | 98328 | 0 | 0 |
| PERIMETER SOLUTI | COMMON STOCK | 71385M107 |  | 2016488 | 90062 | SH |  | SOLE |  | 90062 | 0 | 0 |
| SMITH (A.O.)CORP | COM | 831865209 |  | 199968 | 2724 | SH |  | SOLE |  | 2724 | 0 | 0 |
| XENON PHARMACEUT | COM | 98420N105 |  | 2000995 | 49838 | SH |  | SOLE |  | 49838 | 0 | 0 |
| VIRTU FINANCIA-A | CL A | 928254101 |  | 34719 | 978 | SH |  | SOLE |  | 978 | 0 | 0 |
| INTERPUBLIC GRP | COM | 460690100 |  | 411337 | 14738 | SH |  | SOLE |  | 14738 | 0 | 0 |
| DROPBOX INC-A | CL A | 26210C104 |  | 167846 | 5556 | SH |  | SOLE |  | 5556 | 0 | 0 |
| AMPHENOL CORP-A | CL A | 032095101 |  | 2205472 | 17822 | SH |  | SOLE |  | 17822 | 0 | 0 |
| SUPERNUS PHARMAC | COM | 868459108 |  | 10513 | 220 | SH |  | SOLE |  | 220 | 0 | 0 |
| GODADDY INC-A | CL A | 380237107 |  | 399269 | 2918 | SH |  | SOLE |  | 2918 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 265907 | 806 | SH |  | SOLE |  | 806 | 0 | 0 |
| LPL FINANCIAL HO | COM | 50212V100 |  | 35930 | 108 | SH |  | SOLE |  | 108 | 0 | 0 |
| BRISTOL-MYER SQB | COM | 110122108 |  | 399766 | 8864 | SH |  | SOLE |  | 8864 | 0 | 0 |
| ROYALTY PHARMA-A | SHS CLASS A | G7709Q104 |  | 796975 | 22590 | SH |  | SOLE |  | 22590 | 0 | 0 |
| O'REILLY AUTOMOT | COM | 67103H107 |  | 995086 | 9230 | SH |  | SOLE |  | 9230 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 2993037 | 11386 | SH |  | SOLE |  | 11386 | 0 | 0 |
| SOTERA HEALTH CO | COM | 83601L102 |  | 300883 | 19128 | SH |  | SOLE |  | 19128 | 0 | 0 |
| WAYFAIR INC- A | CL A | 94419L101 |  | 561171 | 6282 | SH |  | SOLE |  | 6282 | 0 | 0 |
| EDWARDS LIFE | COM | 28176E108 |  | 597584 | 7684 | SH |  | SOLE |  | 7684 | 0 | 0 |
| PEABODY ENERGY | COM | 704551100 |  | 1006115 | 37938 | SH |  | SOLE |  | 37938 | 0 | 0 |
| MGM RESORTS INTE | COM | 552953101 |  | 1613145 | 46542 | SH |  | SOLE |  | 46542 | 0 | 0 |
| COUPANG INC | CL A | 22266T109 |  | 598920 | 18600 | SH |  | SOLE |  | 18600 | 0 | 0 |
| AMICUS THERAPEUT | COM | 03152W109 |  | 388200 | 49264 | SH |  | SOLE |  | 49264 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 935220 | 2944 | SH |  | SOLE |  | 2944 | 0 | 0 |
| JOHNSON CONTROLS | SHS | G51502105 |  | 317535 | 2888 | SH |  | SOLE |  | 2888 | 0 | 0 |
| CHENIERE ENERGY | COM NEW | 16411R208 |  | 400405 | 1704 | SH |  | SOLE |  | 1704 | 0 | 0 |
| ZOOMINFO TECH | COMMON STOCK | 98980F104 |  | 318724 | 29214 | SH |  | SOLE |  | 29214 | 0 | 0 |
| TOAST INC-A | CL A | 888787108 |  | 3306418 | 90562 | SH |  | SOLE |  | 90562 | 0 | 0 |
| DRAFTKINGS INC | COM CL A | 26142V105 |  | 1603188 | 42866 | SH |  | SOLE |  | 42866 | 0 | 0 |
| GARRETT MOTIO | COM | 366505105 |  | 810580 | 59514 | SH |  | SOLE |  | 59514 | 0 | 0 |
| XP INC - CLASS A | CL A | G98239109 |  | 1804366 | 96028 | SH |  | SOLE |  | 96028 | 0 | 0 |
| BEACON FINANCIAL | COM | 084680107 |  | 109777 | 4630 | SH |  | SOLE |  | 4630 | 0 | 0 |
| TALEN ENERGY COR | COM | 87422Q109 |  | 34030 | 80 | SH |  | SOLE |  | 80 | 0 | 0 |
| GLOBUS MEDICAL I | CL A | 379577208 |  | 587132 | 10252 | SH |  | SOLE |  | 10252 | 0 | 0 |
| EXPEDIA GROUP IN | COM NEW | 30212P303 |  | 2377755 | 11124 | SH |  | SOLE |  | 11124 | 0 | 0 |
| UBER TECHNOLOGIE | COM | 90353T100 |  | 425385 | 4342 | SH |  | SOLE |  | 4342 | 0 | 0 |
| WARNER BROS DISC | COM SER A | 934423104 |  | 2993050 | 153254 | SH |  | SOLE |  | 153254 | 0 | 0 |
| CADENCE BANK | COM | 12740C103 |  | 3853706 | 102656 | SH |  | SOLE |  | 102656 | 0 | 0 |
| CHEWY INC- CL A | CL A | 16679L109 |  | 1802613 | 44564 | SH |  | SOLE |  | 44564 | 0 | 0 |
| GLOBAL BUSINESS | COM CL A | 37890B100 |  | 306183 | 37894 | SH |  | SOLE |  | 37894 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 1244577 | 10558 | SH |  | SOLE |  | 10558 | 0 | 0 |
| VERTEX INC - A | CL A | 92538J106 |  | 351373 | 14174 | SH |  | SOLE |  | 14174 | 0 | 0 |
| ETSY INC | COM | 29786A106 |  | 257858 | 3884 | SH |  | SOLE |  | 3884 | 0 | 0 |
| KYMERA THERAPEUT | COM | 501575104 |  | 1112756 | 19660 | SH |  | SOLE |  | 19660 | 0 | 0 |
| AMERICAN EXPRESS | COM | 025816109 |  | 1873382 | 5640 | SH |  | SOLE |  | 5640 | 0 | 0 |
| PAYMENTUS HOLD-A | COM CL A | 70439P108 |  | 550983 | 18006 | SH |  | SOLE |  | 18006 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 3642227 | 14304 | SH |  | SOLE |  | 14304 | 0 | 0 |
| AMER SUPERCONDTR | SHS NEW | 030111207 |  | 802952 | 13520 | SH |  | SOLE |  | 13520 | 0 | 0 |
| AMERICAN WATER W | COM | 030420103 |  | 599908 | 4310 | SH |  | SOLE |  | 4310 | 0 | 0 |
| WEC ENERGY GROUP | COM | 92939U106 |  | 722604 | 6306 | SH |  | SOLE |  | 6306 | 0 | 0 |
| EXELIXIS INC | COM | 30161Q104 |  | 597445 | 14466 | SH |  | SOLE |  | 14466 | 0 | 0 |
| GLOBANT SA | COM | L44385109 |  | 591243 | 10304 | SH |  | SOLE |  | 10304 | 0 | 0 |
| RADNET INC | COM | 750491102 |  | 601449 | 7892 | SH |  | SOLE |  | 7892 | 0 | 0 |
| OCEANEERING INTL | COM | 675232102 |  | 207458 | 8372 | SH |  | SOLE |  | 8372 | 0 | 0 |
| TANGER INC | COM | 875465106 |  | 308823 | 9126 | SH |  | SOLE |  | 9126 | 0 | 0 |
| AMER EAGLE OUTF | COM | 02553E106 |  | 403659 | 23592 | SH |  | SOLE |  | 23592 | 0 | 0 |
| NEWS CORP-CL A | CL A | 65249B109 |  | 88629 | 2886 | SH |  | SOLE |  | 2886 | 0 | 0 |
| AGNC INVESTMENT | COM | 00123Q104 |  | 599089 | 61194 | SH |  | SOLE |  | 61194 | 0 | 0 |
| LIVE NATION ENTE | COM | 538034109 |  | 787588 | 4820 | SH |  | SOLE |  | 4820 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 600208 | 7114 | SH |  | SOLE |  | 7114 | 0 | 0 |
| HALOZYME THERAPE | COM | 40637H109 |  | 395009 | 5386 | SH |  | SOLE |  | 5386 | 0 | 0 |
| ABERCROMBIE  FI | CL A | 002896207 |  | 1880731 | 21984 | SH |  | SOLE |  | 21984 | 0 | 0 |
| PARSONS CORP | COM | 70202L102 |  | 497022 | 5994 | SH |  | SOLE |  | 5994 | 0 | 0 |
| MOSAIC CO/THE | COM | 61945C103 |  | 601628 | 17348 | SH |  | SOLE |  | 17348 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 1805529 | 13274 | SH |  | SOLE |  | 13274 | 0 | 0 |
| TERRENO REALTY C | COM | 88146M101 |  | 8739 | 154 | SH |  | SOLE |  | 154 | 0 | 0 |
| VIPER ENERGY I-A | CL A | 64361Q101 |  | 2225703 | 58234 | SH |  | SOLE |  | 58234 | 0 | 0 |
| RIVIAN AUTOMOT-A | COM CL A | 76954A103 |  | 1466091 | 99870 | SH |  | SOLE |  | 99870 | 0 | 0 |
| REXFORD INDUSTRI | COM | 76169C100 |  | 934348 | 22728 | SH |  | SOLE |  | 22728 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 2005980 | 5360 | SH |  | SOLE |  | 5360 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 2417057 | 53868 | SH |  | SOLE |  | 53868 | 0 | 0 |
| VERTIV HOLDING-A | COM CL A | 92537N108 |  | 1204466 | 7984 | SH |  | SOLE |  | 7984 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 100900 | 728 | SH |  | SOLE |  | 728 | 0 | 0 |
| NEW JERSEY RES | COM | 646025106 |  | 48342 | 1004 | SH |  | SOLE |  | 1004 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 580435 | 11512 | SH |  | SOLE |  | 11512 | 0 | 0 |
| CHEMOURS CO | COM | 163851108 |  | 1477238 | 93260 | SH |  | SOLE |  | 93260 | 0 | 0 |
| CF INDUSTRIES HO | COM | 125269100 |  | 442759 | 4936 | SH |  | SOLE |  | 4936 | 0 | 0 |
| HUB GROUP-A | CL A | 443320106 |  | 20044 | 582 | SH |  | SOLE |  | 582 | 0 | 0 |
| CHEVRON CORP | COM | 166764100 |  | 262750 | 1692 | SH |  | SOLE |  | 1692 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 801094 | 10626 | SH |  | SOLE |  | 10626 | 0 | 0 |
| ROYAL CARIBBEAN | COM | V7780T103 |  | 463366 | 1432 | SH |  | SOLE |  | 1432 | 0 | 0 |
| WEST PHARMACEUT | COM | 955306105 |  | 1789090 | 6820 | SH |  | SOLE |  | 6820 | 0 | 0 |
| MERCURY SYSTEMS | COM | 589378108 |  | 761925 | 9844 | SH |  | SOLE |  | 9844 | 0 | 0 |
| AVANTOR INC | COM | 05352A100 |  | 2962926 | 237414 | SH |  | SOLE |  | 237414 | 0 | 0 |
| EASTERN BANKSHAR | COM | 27627N105 |  | 453314 | 24976 | SH |  | SOLE |  | 24976 | 0 | 0 |
| GOLAR LNG LTD | SHS | G9456A100 |  | 644862 | 15958 | SH |  | SOLE |  | 15958 | 0 | 0 |
| LIBERTY MEDIA CO | COM LBTY ONE S C | 531229755 |  | 560687 | 5368 | SH |  | SOLE |  | 5368 | 0 | 0 |
| OKLO INC | COM CL A | 02156V109 |  | 2198664 | 19696 | SH |  | SOLE |  | 19696 | 0 | 0 |
| HEALTHPEAK PROPE | COM | 42250P103 |  | 873852 | 45632 | SH |  | SOLE |  | 45632 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 599809 | 5820 | SH |  | SOLE |  | 5820 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 601951 | 9502 | SH |  | SOLE |  | 9502 | 0 | 0 |
| VERACYTE INC | COM | 92337F107 |  | 56438 | 1644 | SH |  | SOLE |  | 1644 | 0 | 0 |
| CRANE NXT CO | COM | 224441105 |  | 40376 | 602 | SH |  | SOLE |  | 602 | 0 | 0 |
| OWENS CORNING | COM | 690742101 |  | 103265 | 730 | SH |  | SOLE |  | 730 | 0 | 0 |
| MUELLER WATER-A | COM SER A | 624758108 |  | 507490 | 19886 | SH |  | SOLE |  | 19886 | 0 | 0 |
| BATH  BODY WORK | COM | 070830104 |  | 200618 | 7788 | SH |  | SOLE |  | 7788 | 0 | 0 |
| SERVICE CORP INT | COM | 817565104 |  | 793585 | 9536 | SH |  | SOLE |  | 9536 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 1500356 | 44720 | SH |  | SOLE |  | 44720 | 0 | 0 |
| ADV MICRO DEVICE | COM | 007903107 |  | 1006657 | 6222 | SH |  | SOLE |  | 6222 | 0 | 0 |
| NEWELL BRANDS IN | COM | 651229106 |  | 1666854 | 318102 | SH |  | SOLE |  | 318102 | 0 | 0 |
| AMERICAN TOWER C | COM | 03027X100 |  | 841207 | 4374 | SH |  | SOLE |  | 4374 | 0 | 0 |
| LAM RESEARCH | COM NEW | 512807306 |  | 1808989 | 13510 | SH |  | SOLE |  | 13510 | 0 | 0 |
| JAZZ PHARMACEUTI | SHS USD | G50871105 |  | 1835974 | 13930 | SH |  | SOLE |  | 13930 | 0 | 0 |
| PBF ENERGY INC-A | CL A | 69318G106 |  | 161831 | 5364 | SH |  | SOLE |  | 5364 | 0 | 0 |
| VITAL FARMS INC | COM | 92847W103 |  | 790244 | 19204 | SH |  | SOLE |  | 19204 | 0 | 0 |
| PITNEY BOWES INC | COM | 724479100 |  | 3961757 | 347218 | SH |  | SOLE |  | 347218 | 0 | 0 |
| CHURCHILL DOWNS | COM | 171484108 |  | 802854 | 8276 | SH |  | SOLE |  | 8276 | 0 | 0 |
| ACCENTURE PLC-A | SHS CLASS A | G1151C101 |  | 1403647 | 5692 | SH |  | SOLE |  | 5692 | 0 | 0 |
| ADT INC | COM | 00090Q103 |  | 2610508 | 299714 | SH |  | SOLE |  | 299714 | 0 | 0 |
| JM SMUCKER CO | COM NEW | 832696405 |  | 997165 | 9182 | SH |  | SOLE |  | 9182 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 600036 | 7440 | SH |  | SOLE |  | 7440 | 0 | 0 |
| VIAVI SOLUTIONS | COM | 925550105 |  | 78500 | 6186 | SH |  | SOLE |  | 6186 | 0 | 0 |
| REVOLUTION MEDIC | COM | 76155X100 |  | 1273135 | 27262 | SH |  | SOLE |  | 27262 | 0 | 0 |
| SAPIENS INTL | SHS | G7T16G103 |  | 290938 | 6766 | SH |  | SOLE |  | 6766 | 0 | 0 |
| MARA HOLDINGS IN | COM | 565788106 |  | 78554 | 4302 | SH |  | SOLE |  | 4302 | 0 | 0 |
| TRANE TECHNOLOGI | SHS | G8994E103 |  | 2000090 | 4740 | SH |  | SOLE |  | 4740 | 0 | 0 |
| TEXTRON INC | COM | 883203101 |  | 561858 | 6650 | SH |  | SOLE |  | 6650 | 0 | 0 |
| C3.AI INC-A | CL A | 12468P104 |  | 2009914 | 115912 | SH |  | SOLE |  | 115912 | 0 | 0 |
| GRANITE CONSTR | COM | 387328107 |  | 622373 | 5676 | SH |  | SOLE |  | 5676 | 0 | 0 |
| ANGLOGOLD ASHANT | COM SHS | G0378L100 |  | 388643 | 5526 | SH |  | SOLE |  | 5526 | 0 | 0 |
| TRAVEL PLUS LEISURE CO | COM | 894164102 |  | 2801860 | 47098 | SH |  | SOLE |  | 47098 | 0 | 0 |
| ELEMENT SOLUTION | COM | 28618M106 |  | 310698 | 12344 | SH |  | SOLE |  | 12344 | 0 | 0 |
| STEVEN MADDEN | COM | 556269108 |  | 595676 | 17792 | SH |  | SOLE |  | 17792 | 0 | 0 |
| NIKE INC -CL B | CL B | 654106103 |  | 1418308 | 20340 | SH |  | SOLE |  | 20340 | 0 | 0 |
| RAYONIER INC | COM | 754907103 |  | 108389 | 4084 | SH |  | SOLE |  | 4084 | 0 | 0 |
| THE CAMPBELL'S C | COM | 134429109 |  | 524733 | 16616 | SH |  | SOLE |  | 16616 | 0 | 0 |
| BROWN-FORMAN -B | CL B | 115637209 |  | 33958 | 1254 | SH |  | SOLE |  | 1254 | 0 | 0 |
| EXLSERVICE HOLDI | COM | 302081104 |  | 1124614 | 25542 | SH |  | SOLE |  | 25542 | 0 | 0 |
| KULICKE  SOFFA | COM | 501242101 |  | 458825 | 11290 | SH |  | SOLE |  | 11290 | 0 | 0 |
| BGC GROUP INC-A | CL A | 088929104 |  | 392362 | 41476 | SH |  | SOLE |  | 41476 | 0 | 0 |
| LIFE TIME GROUP | COMMON STOCK | 53190C102 |  | 9604 | 348 | SH |  | SOLE |  | 348 | 0 | 0 |
| ROIVANT SCIENCES | SHS | G76279101 |  | 3591740 | 237392 | SH |  | SOLE |  | 237392 | 0 | 0 |
| FIDELITY NATIONA | COM | 31620M106 |  | 799852 | 12130 | SH |  | SOLE |  | 12130 | 0 | 0 |
| UPSTART HOLDINGS | COM | 91680M107 |  | 3218484 | 63356 | SH |  | SOLE |  | 63356 | 0 | 0 |
| GAMING AND LEISU | COM | 36467J108 |  | 986920 | 21174 | SH |  | SOLE |  | 21174 | 0 | 0 |
| L3HARRIS TECHNOL | COM | 502431109 |  | 1203315 | 3940 | SH |  | SOLE |  | 3940 | 0 | 0 |
| ANALOG DEVICES | COM | 032654105 |  | 662407 | 2696 | SH |  | SOLE |  | 2696 | 0 | 0 |
| OTIS WORLDWI | COM | 68902V107 |  | 330245 | 3612 | SH |  | SOLE |  | 3612 | 0 | 0 |
| ROBLOX CORP - A | CL A | 771049103 |  | 200576 | 1448 | SH |  | SOLE |  | 1448 | 0 | 0 |
| LYFT INC-A | CL A COM | 55087P104 |  | 2589388 | 117646 | SH |  | SOLE |  | 117646 | 0 | 0 |
| DT MIDSTREAM | COMMON STOCK | 23345M107 |  | 932066 | 8244 | SH |  | SOLE |  | 8244 | 0 | 0 |
| CHIPOTLE MEXICAN | COM | 169656105 |  | 399973 | 10206 | SH |  | SOLE |  | 10206 | 0 | 0 |
| LUMENTUM HOL | COM | 55024U109 |  | 602027 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 599791 | 2436 | SH |  | SOLE |  | 2436 | 0 | 0 |
| WARBY PARKER-A | CL A COM | 93403J106 |  | 112360 | 4074 | SH |  | SOLE |  | 4074 | 0 | 0 |
| FIVE9 INC | COM | 338307101 |  | 66404 | 2744 | SH |  | SOLE |  | 2744 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1001601 | 15162 | SH |  | SOLE |  | 15162 | 0 | 0 |
| HIMS  HERS HEAL | COM CL A | 433000106 |  | 3642444 | 64218 | SH |  | SOLE |  | 64218 | 0 | 0 |
| MICRON TECH | COM | 595112103 |  | 1424562 | 8514 | SH |  | SOLE |  | 8514 | 0 | 0 |
| BITDEER TECHNOLO | CL A ORD SHS | G11448100 |  | 3426989 | 200526 | SH |  | SOLE |  | 200526 | 0 | 0 |
| ACI WORLDWIDE IN | COM | 004498101 |  | 185539 | 3516 | SH |  | SOLE |  | 3516 | 0 | 0 |
| ACADIA REALTY | COM SH BEN INT | 004239109 |  | 263521 | 13078 | SH |  | SOLE |  | 13078 | 0 | 0 |
| SOUTHERN COPPER | COM | 84265V105 |  | 245389 | 2022 | SH |  | SOLE |  | 2022 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 1500802 | 8996 | SH |  | SOLE |  | 8996 | 0 | 0 |
| SCHWAB (CHARLES) | COM | 808513105 |  | 800038 | 8380 | SH |  | SOLE |  | 8380 | 0 | 0 |
| AVEPOINT INC | COM CL A | 053604104 |  | 2028571 | 135148 | SH |  | SOLE |  | 135148 | 0 | 0 |
| POWER INTEGRATIO | COM | 739276103 |  | 521202 | 12962 | SH |  | SOLE |  | 12962 | 0 | 0 |
| MDU RES GROUP | COM | 552690109 |  | 54854 | 3080 | SH |  | SOLE |  | 3080 | 0 | 0 |
| FORD MOTOR CO | COM | 345370860 |  | 4997916 | 417886 | SH |  | SOLE |  | 417886 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 1827032 | 19238 | SH |  | SOLE |  | 19238 | 0 | 0 |
| AVERY DENNISON | COM | 053611109 |  | 613651 | 3784 | SH |  | SOLE |  | 3784 | 0 | 0 |
| ALASKA AIR GROUP | COM | 011659109 |  | 192250 | 3862 | SH |  | SOLE |  | 3862 | 0 | 0 |
| MAXIMUS INC | COM | 577933104 |  | 481885 | 5274 | SH |  | SOLE |  | 5274 | 0 | 0 |
| MARSH  MCLENNAN | COM | 571748102 |  | 1599342 | 7936 | SH |  | SOLE |  | 7936 | 0 | 0 |
| DECKERS OUTDOOR | COM | 243537107 |  | 1824 | 18 | SH |  | SOLE |  | 18 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 239267 | 10508 | SH |  | SOLE |  | 10508 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 398133 | 3696 | SH |  | SOLE |  | 3696 | 0 | 0 |
| BANK OF AMERICA | COM | 060505104 |  | 1000433 | 19392 | SH |  | SOLE |  | 19392 | 0 | 0 |
| KORN FERRY | COM NEW | 500643200 |  | 664810 | 9500 | SH |  | SOLE |  | 9500 | 0 | 0 |
| AFFIRM HOLDINGS | COM CL A | 00827B106 |  | 3131478 | 42850 | SH |  | SOLE |  | 42850 | 0 | 0 |
| SILGAN HOLDINGS | COM | 827048109 |  | 35784 | 832 | SH |  | SOLE |  | 832 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 2052560 | 24412 | SH |  | SOLE |  | 24412 | 0 | 0 |
| STATE ST CORP | COM | 857477103 |  | 609052 | 5250 | SH |  | SOLE |  | 5250 | 0 | 0 |
| ZETA GLOBAL HO-A | CL A | 98956A105 |  | 3573023 | 179820 | SH |  | SOLE |  | 179820 | 0 | 0 |
| SEAGATE TECHNOLO | ORD SHS | G7997R103 |  | 602425 | 2552 | SH |  | SOLE |  | 2552 | 0 | 0 |
| NORWEGIAN CRUISE | SHS | G66721104 |  | 1004066 | 40766 | SH |  | SOLE |  | 40766 | 0 | 0 |
| AVIDXCHANGE HLDG | COM | 05368X102 |  | 198323 | 19932 | SH |  | SOLE |  | 19932 | 0 | 0 |
| GENIUS SPORTS LT | SHARES CL A | G3934V109 |  | 1563024 | 126254 | SH |  | SOLE |  | 126254 | 0 | 0 |
| FRONTIER COMMUNI | COM | 35909D109 |  | 1568 | 42 | SH |  | SOLE |  | 42 | 0 | 0 |
| TAYLOR MORRISON | COM | 87724P106 |  | 131623 | 1994 | SH |  | SOLE |  | 1994 | 0 | 0 |
| VF CORP | COM | 918204108 |  | 2564182 | 177698 | SH |  | SOLE |  | 177698 | 0 | 0 |
| FIDELITY NATIONA | COM SHS | 31620R303 |  | 406008 | 6712 | SH |  | SOLE |  | 6712 | 0 | 0 |
| ACADIA PHARMACEU | COM | 004225108 |  | 1335201 | 62568 | SH |  | SOLE |  | 62568 | 0 | 0 |
| EXTREME NETWORKS | COM | 30226D106 |  | 397925 | 19270 | SH |  | SOLE |  | 19270 | 0 | 0 |
| RALPH LAUREN COR | CL A | 751212101 |  | 49542 | 158 | SH |  | SOLE |  | 158 | 0 | 0 |
| TPG INC | COM CL A | 872657101 |  | 640452 | 11148 | SH |  | SOLE |  | 11148 | 0 | 0 |
| BROOKFIELD RENEW | CL A EX SUB VTG | 11285B108 |  | 1341553 | 38976 | SH |  | SOLE |  | 38976 | 0 | 0 |
| TRI POINTE HOMES | COM | 87265H109 |  | 239828 | 7060 | SH |  | SOLE |  | 7060 | 0 | 0 |
| HORMEL FOODS CRP | COM | 440452100 |  | 1930759 | 78042 | SH |  | SOLE |  | 78042 | 0 | 0 |
| VIA TRANSPOR-A | COM CL A | 92556W104 |  | 1378645 | 28674 | SH |  | SOLE |  | 28674 | 0 | 0 |
| VIKING HOLDINGS | ORD SHS | G93A5A101 |  | 183372 | 2950 | SH |  | SOLE |  | 2950 | 0 | 0 |
| GCM GROSVENOR-A | COM CL A | 36831E108 |  | 2722967 | 225598 | SH |  | SOLE |  | 225598 | 0 | 0 |
| MATADOR RESOURCE | COM | 576485205 |  | 871372 | 19394 | SH |  | SOLE |  | 19394 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 5018628 | 26898 | SH |  | SOLE |  | 26898 | 0 | 0 |
| ZURN ELKAY WATER | COM | 98983L108 |  | 290269 | 6172 | SH |  | SOLE |  | 6172 | 0 | 0 |
| CONSTELLATION EN | COM | 21037T109 |  | 1596647 | 4852 | SH |  | SOLE |  | 4852 | 0 | 0 |
| RTX CORP | COM | 75513E101 |  | 509352 | 3044 | SH |  | SOLE |  | 3044 | 0 | 0 |
| GENPACT LTD | SHS | G3922B107 |  | 176859 | 4222 | SH |  | SOLE |  | 4222 | 0 | 0 |
| AIRBNB INC-A | COM CL A | 009066101 |  | 804043 | 6622 | SH |  | SOLE |  | 6622 | 0 | 0 |
| ALIGN TECHNOLOGY | COM | 016255101 |  | 2624360 | 20958 | SH |  | SOLE |  | 20958 | 0 | 0 |
| MURPHY OIL CORP | COM | 626717102 |  | 451150 | 15880 | SH |  | SOLE |  | 15880 | 0 | 0 |
| ATMOS ENERGY | COM | 049560105 |  | 238367 | 1396 | SH |  | SOLE |  | 1396 | 0 | 0 |
| PROCORE TECHNOLO | COM | 74275K108 |  | 602902 | 8268 | SH |  | SOLE |  | 8268 | 0 | 0 |
| URANIUM ENERGY | COM | 916896103 |  | 2967749 | 222470 | SH |  | SOLE |  | 222470 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 197190 | 908 | SH |  | SOLE |  | 908 | 0 | 0 |
| VAXCYTE INC | COM | 92243G108 |  | 2993622 | 83110 | SH |  | SOLE |  | 83110 | 0 | 0 |
| SEALED AIR CORP | COM | 81211K100 |  | 9685 | 274 | SH |  | SOLE |  | 274 | 0 | 0 |
| HA SUSTAINABLE I | COM | 41068X100 |  | 467254 | 15220 | SH |  | SOLE |  | 15220 | 0 | 0 |
| CONSTELLIUM SE | CL A SHS | F21107101 |  | 274982 | 18480 | SH |  | SOLE |  | 18480 | 0 | 0 |
| CLEVELAND-CLIFFS | COM | 185899101 |  | 1408075 | 115416 | SH |  | SOLE |  | 115416 | 0 | 0 |
| MARVELL TECHNOLO | COM | 573874104 |  | 229847 | 2734 | SH |  | SOLE |  | 2734 | 0 | 0 |
| UNITEDHEALTH GRP | COM | 91324P102 |  | 3748576 | 10856 | SH |  | SOLE |  | 10856 | 0 | 0 |
| RUSH STREET INTE | COM | 782011100 |  | 993566 | 48514 | SH |  | SOLE |  | 48514 | 0 | 0 |
| KYNDRYL HOLDINGS | COMMON STOCK | 50155Q100 |  | 807446 | 26888 | SH |  | SOLE |  | 26888 | 0 | 0 |
| VARONIS SYSTEMS | COM | 922280102 |  | 42412 | 738 | SH |  | SOLE |  | 738 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 5932 | 88 | SH |  | SOLE |  | 88 | 0 | 0 |
| STANLEY BLACK | COM | 854502101 |  | 1299883 | 17488 | SH |  | SOLE |  | 17488 | 0 | 0 |
| LIBERTY GLOBAL-A | COM CL A | G61188101 |  | 729933 | 63694 | SH |  | SOLE |  | 63694 | 0 | 0 |
| AMERICAN AIRLINE | COM | 02376R102 |  | 2201219 | 195838 | SH |  | SOLE |  | 195838 | 0 | 0 |
| UIPATH INC -CL A | CL A | 90364P105 |  | 1988856 | 148644 | SH |  | SOLE |  | 148644 | 0 | 0 |
| VERRA MOBILITY C | CL A COM STK | 92511U102 |  | 59625 | 2414 | SH |  | SOLE |  | 2414 | 0 | 0 |
| INTAPP INC | COM | 45827U109 |  | 67975 | 1662 | SH |  | SOLE |  | 1662 | 0 | 0 |
| DR HORTON INC | COM | 23331A109 |  | 269457 | 1590 | SH |  | SOLE |  | 1590 | 0 | 0 |
| MUELLER INDS | COM | 624756102 |  | 71585 | 708 | SH |  | SOLE |  | 708 | 0 | 0 |
| ARTHUR J GALLAGH | COM | 363576109 |  | 3381741 | 10918 | SH |  | SOLE |  | 10918 | 0 | 0 |
| JPMORGAN CHASE | COM | 46625H100 |  | 835258 | 2648 | SH |  | SOLE |  | 2648 | 0 | 0 |
| BRAZE INC-A | COM CL A | 10576N102 |  | 779540 | 27410 | SH |  | SOLE |  | 27410 | 0 | 0 |
| CHART INDUSTRIES | COM | 16115Q308 |  | 200150 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| RAMBUS INC | COM | 750917106 |  | 601234 | 5770 | SH |  | SOLE |  | 5770 | 0 | 0 |
| WESTERN UNION | COM | 959802109 |  | 2614711 | 327248 | SH |  | SOLE |  | 327248 | 0 | 0 |
| WISDOMTREE INC | COM | 97717P104 |  | 36723 | 2642 | SH |  | SOLE |  | 2642 | 0 | 0 |
| VORNADO RLTY TST | SH BEN INT | 929042109 |  | 1408984 | 34764 | SH |  | SOLE |  | 34764 | 0 | 0 |
| VONTIER CORP | COM | 928881101 |  | 1004342 | 23930 | SH |  | SOLE |  | 23930 | 0 | 0 |
| OSCAR HEALTH -A | CL A | 687793109 |  | 3149194 | 166360 | SH |  | SOLE |  | 166360 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 1399690 | 56898 | SH |  | SOLE |  | 56898 | 0 | 0 |
| KNIFE RIVER | COMMON STOCK | 498894104 |  | 2411565 | 31372 | SH |  | SOLE |  | 31372 | 0 | 0 |
| ADMA BIOLOGICS I | COM | 000899104 |  | 129594 | 8840 | SH |  | SOLE |  | 8840 | 0 | 0 |
| KNIGHT-SWIFT TRA | CL A | 499049104 |  | 224890 | 5692 | SH |  | SOLE |  | 5692 | 0 | 0 |
| BROADSTONE NET | COM | 11135E203 |  | 2835683 | 158684 | SH |  | SOLE |  | 158684 | 0 | 0 |
| SYNCHRONY FINANC | COM | 87165B103 |  | 399158 | 5618 | SH |  | SOLE |  | 5618 | 0 | 0 |
| LXP INDUSTRIAL T | COM | 529043101 |  | 139507 | 15570 | SH |  | SOLE |  | 15570 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 1178507 | 3188 | SH |  | SOLE |  | 3188 | 0 | 0 |
| REINSURANCE GROU | COM NEW | 759351604 |  | 1079002 | 5616 | SH |  | SOLE |  | 5616 | 0 | 0 |
| CHARLES RIVER LA | COM | 159864107 |  | 72284 | 462 | SH |  | SOLE |  | 462 | 0 | 0 |
| SEADRILL LIMITED | COM | G7997W102 |  | 543 | 18 | SH |  | SOLE |  | 18 | 0 | 0 |
| PROCTER  GAMBLE | COM | 742718109 |  | 600464 | 3908 | SH |  | SOLE |  | 3908 | 0 | 0 |
| MKS INC | COM | 55306N104 |  | 465127 | 3758 | SH |  | SOLE |  | 3758 | 0 | 0 |
| FRESHWORKS-CL A | CLASS A COM | 358054104 |  | 846474 | 71918 | SH |  | SOLE |  | 71918 | 0 | 0 |
| KINETIK HOLDINGS | COM NEW CL A | 02215L209 |  | 359528 | 8412 | SH |  | SOLE |  | 8412 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 6909 | 52 | SH |  | SOLE |  | 52 | 0 | 0 |
| CAPITAL ONE FINA | COM | 14040H105 |  | 1008054 | 4742 | SH |  | SOLE |  | 4742 | 0 | 0 |
| HAYWARD HOLDINGS | COM | 421298100 |  | 282290 | 18670 | SH |  | SOLE |  | 18670 | 0 | 0 |
| PENN ENTERTAINME | COM | 707569109 |  | 223916 | 11626 | SH |  | SOLE |  | 11626 | 0 | 0 |
| COMMSCOPE HOLDIN | COM | 20337X109 |  | 101053 | 6528 | SH |  | SOLE |  | 6528 | 0 | 0 |
| COEUR MINING INC | COM NEW | 192108504 |  | 403977 | 21534 | SH |  | SOLE |  | 21534 | 0 | 0 |
| RUMBLE INC | COM CL A | 78137L105 |  | 1562681 | 215840 | SH |  | SOLE |  | 215840 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 199656 | 2360 | SH |  | SOLE |  | 2360 | 0 | 0 |
| COPT DEFENSE PRO | SHS BEN INT | 22002T108 |  | 601890 | 20712 | SH |  | SOLE |  | 20712 | 0 | 0 |
| COMCAST CORP-A | CL A | 20030N101 |  | 4583172 | 145868 | SH |  | SOLE |  | 145868 | 0 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 1395168 | 9688 | SH |  | SOLE |  | 9688 | 0 | 0 |
| AAR CORP | COM | 000361105 |  | 3048 | 34 | SH |  | SOLE |  | 34 | 0 | 0 |
| INSPIRE MEDICAL | COM | 457730109 |  | 1609249 | 21688 | SH |  | SOLE |  | 21688 | 0 | 0 |
| PTC THERAPEUTICS | COM | 69366J200 |  | 1158665 | 18880 | SH |  | SOLE |  | 18880 | 0 | 0 |
| WALT DISNEY CO/T | COM | 254687106 |  | 1123703 | 9814 | SH |  | SOLE |  | 9814 | 0 | 0 |
| PILGRIM'S PRIDE | COM | 72147K108 |  | 141624 | 3478 | SH |  | SOLE |  | 3478 | 0 | 0 |
| MONSTER BEVERAGE | COM | 61174X109 |  | 774468 | 11506 | SH |  | SOLE |  | 11506 | 0 | 0 |
| NORFOLK SOUTHERN | COM | 655844108 |  | 1803060 | 6002 | SH |  | SOLE |  | 6002 | 0 | 0 |
| GAP INC/THE | COM | 364760108 |  | 3554975 | 166198 | SH |  | SOLE |  | 166198 | 0 | 0 |
| AMBARELLA INC | SHS | G037AX101 |  | 1092894 | 13244 | SH |  | SOLE |  | 13244 | 0 | 0 |
| INGERSOLL-RAND I | COM | 45687V106 |  | 601143 | 7276 | SH |  | SOLE |  | 7276 | 0 | 0 |
| MERITAGE HOMES C | COM | 59001A102 |  | 599575 | 8278 | SH |  | SOLE |  | 8278 | 0 | 0 |
| QUANTA SERVICES | COM | 74762E102 |  | 809776 | 1954 | SH |  | SOLE |  | 1954 | 0 | 0 |
| ARROW ELECTRONIC | COM | 042735100 |  | 3213760 | 26560 | SH |  | SOLE |  | 26560 | 0 | 0 |
| BLOOM ENERGY C-A | COM CL A | 093712107 |  | 2716557 | 32122 | SH |  | SOLE |  | 32122 | 0 | 0 |
| HANESBRANDS INC | COM | 410345102 |  | 4132575 | 627098 | SH |  | SOLE |  | 627098 | 0 | 0 |
| BOEING CO/THE | COM | 097023105 |  | 3321192 | 15388 | SH |  | SOLE |  | 15388 | 0 | 0 |
| BANK NY MELLON | COM | 064058100 |  | 599933 | 5506 | SH |  | SOLE |  | 5506 | 0 | 0 |
| DEVON ENERGY CO | COM | 25179M103 |  | 30852 | 880 | SH |  | SOLE |  | 880 | 0 | 0 |
| TIC SOLUTIONS IN | COM | 00510N102 |  | 104084 | 7820 | SH |  | SOLE |  | 7820 | 0 | 0 |
| HNI CORP | COM | 404251100 |  | 2248 | 48 | SH |  | SOLE |  | 48 | 0 | 0 |
| ONTO INNOVATION | COM | 683344105 |  | 815119 | 6308 | SH |  | SOLE |  | 6308 | 0 | 0 |
| NEXTRACKER-CL A | CLASS A COM | 65290E101 |  | 1794405 | 24252 | SH |  | SOLE |  | 24252 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 3645671 | 129096 | SH |  | SOLE |  | 129096 | 0 | 0 |
| GXO LOGISTIC | COMMON STOCK | 36262G101 |  | 105 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| TREX CO INC | COM | 89531P105 |  | 201513 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| REVVITY INC | COM | 714046109 |  | 525724 | 5998 | SH |  | SOLE |  | 5998 | 0 | 0 |
| FLOWSERVE CORP | COM | 34354P105 |  | 41024 | 772 | SH |  | SOLE |  | 772 | 0 | 0 |
| FLUOR CORP | COM | 343412102 |  | 3581419 | 85130 | SH |  | SOLE |  | 85130 | 0 | 0 |
| HONEYWELL INTL | COM | 438516106 |  | 62308 | 296 | SH |  | SOLE |  | 296 | 0 | 0 |
| THERMO FISHER | COM | 883556102 |  | 2314515 | 4772 | SH |  | SOLE |  | 4772 | 0 | 0 |
| CIRRUS LOGIC INC | COM | 172755100 |  | 1151665 | 9192 | SH |  | SOLE |  | 9192 | 0 | 0 |
| MONDELEZ INTER-A | CL A | 609207105 |  | 598087 | 9574 | SH |  | SOLE |  | 9574 | 0 | 0 |
| GRINDR INC | COM | 39854F101 |  | 1309623 | 87192 | SH |  | SOLE |  | 87192 | 0 | 0 |
| RANGE RESOURCES | COM | 75281A109 |  | 2207661 | 58652 | SH |  | SOLE |  | 58652 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 941960 | 19208 | SH |  | SOLE |  | 19208 | 0 | 0 |
| JACOBS SOLUTIONS | COM | 46982L108 |  | 139969 | 934 | SH |  | SOLE |  | 934 | 0 | 0 |
| RADIAN GROUP INC | COM | 750236101 |  | 1513706 | 41792 | SH |  | SOLE |  | 41792 | 0 | 0 |
| LEAR CORP | COM NEW | 521865204 |  | 1000264 | 9942 | SH |  | SOLE |  | 9942 | 0 | 0 |
| LENNAR CORP-A | CL A | 526057104 |  | 108898 | 864 | SH |  | SOLE |  | 864 | 0 | 0 |
| CHARTER COMMUN-A | CL A | 16119P108 |  | 1770575 | 6436 | SH |  | SOLE |  | 6436 | 0 | 0 |
| GOLUB CAPITAL BD | COM | 38173M102 |  | 124579 | 9100 | SH |  | SOLE |  | 9100 | 0 | 0 |
| US BANCORP | COM NEW | 902973304 |  | 2207811 | 45682 | SH |  | SOLE |  | 45682 | 0 | 0 |
| IQVIA HOLDINGS I | COM | 46266C105 |  | 2362093 | 12436 | SH |  | SOLE |  | 12436 | 0 | 0 |
| MSC INDL DIRECT | CL A | 553530106 |  | 1842 | 20 | SH |  | SOLE |  | 20 | 0 | 0 |
| MOTOROLA SOLUTIO | COM NEW | 620076307 |  | 452717 | 990 | SH |  | SOLE |  | 990 | 0 | 0 |
| NORTHERN OIL AND | COM | 665531307 |  | 895131 | 36094 | SH |  | SOLE |  | 36094 | 0 | 0 |
| COLGATE-PALMOLIV | COM | 194162103 |  | 982942 | 12296 | SH |  | SOLE |  | 12296 | 0 | 0 |
| CONFLUENT INC-A | CLASS A COM | 20717M103 |  | 3858980 | 194898 | SH |  | SOLE |  | 194898 | 0 | 0 |
| DARLING INGREDIE | COM | 237266101 |  | 183306 | 5938 | SH |  | SOLE |  | 5938 | 0 | 0 |
| DAYFORCE INC | COM | 15677J108 |  | 4799979 | 69676 | SH |  | SOLE |  | 69676 | 0 | 0 |
| CORE NATURAL RES | COM SHS | 218937100 |  | 6845 | 82 | SH |  | SOLE |  | 82 | 0 | 0 |
| CENTERPOINT ENER | COM | 15189T107 |  | 599925 | 15462 | SH |  | SOLE |  | 15462 | 0 | 0 |
| CNX RESOURCES CO | COM | 12653C108 |  | 3618061 | 112642 | SH |  | SOLE |  | 112642 | 0 | 0 |
| UNITY SOFTWARE I | COM | 91332U101 |  | 3796512 | 94818 | SH |  | SOLE |  | 94818 | 0 | 0 |
| CENTENE CORP | COM | 15135B101 |  | 4993844 | 139962 | SH |  | SOLE |  | 139962 | 0 | 0 |
| CNA FINL CORP | COM | 126117100 |  | 224680 | 4836 | SH |  | SOLE |  | 4836 | 0 | 0 |
| CINEMARK HOLDING | COM | 17243V102 |  | 224328 | 8006 | SH |  | SOLE |  | 8006 | 0 | 0 |
| CNH INDUSTRIAL N | SHS | N20944109 |  | 2487167 | 229232 | SH |  | SOLE |  | 229232 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 997440 | 39146 | SH |  | SOLE |  | 39146 | 0 | 0 |
| PRINCIPAL FINL | COM | 74251V102 |  | 1402339 | 16914 | SH |  | SOLE |  | 16914 | 0 | 0 |

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