# EDGAR Filing Document

**Accession Number:** 0001882572
**File Stem:** 0001941040-23-000004
**Filing Date:** 2023-1
**Character Count:** 22525
**Document Hash:** 5ba420e26c43a2ae73a6ad865c10ae03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001941040-23-000004.hdr.sgml**: 20230112

**ACCESSION NUMBER**: 0001941040-23-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230112

**DATE AS OF CHANGE**: 20230112

**EFFECTIVENESS DATE**: 20230112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Riverwater Partners LLC
- **CENTRAL INDEX KEY:** 0001882572
- **IRS NUMBER:** 812333271
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1221

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21541
- **FILM NUMBER:** 23525647

**BUSINESS ADDRESS:**
- **STREET 1:** 1433 N. WATER STREET
- **STREET 2:** SUITE 303
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-232-7957

**MAIL ADDRESS:**
- **STREET 1:** 1433 N WATER STREET
- **STREET 2:** SUITE 303
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Riverwater Partners LLC<br>**Address:** 1433 N Water Street<br>Suite 303<br>Milwaukee, WI 53202

**Form 13F File Number:** 028-21541

**CRD Number (if applicable):** 000283540

**SEC File Number (if applicable):** 801-117635

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:** Adam J. Peck<br>**Title:** Founder and CIO<br>**Phone:** 414-858-8000

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

Adam J. Peck  Milwaukee, WI  01-12-2023<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:** 199

**Form 13F Information Table Value Total:** $117110144

      (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 |
| A-MARK PRECIOUS METALS INC | COM | 00181T107 |  | 297254 | 8559 | SH |  | SOLE |  | 8559 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 323551 | 2947 | SH |  | SOLE |  | 2947 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 329038 | 2036 | SH |  | SOLE |  | 2036 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 334351 | 1253 | SH |  | SOLE |  | 1253 | 0 | 0 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 324113 | 4234 | SH |  | SOLE |  | 4234 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 365472 | 1086 | SH |  | SOLE |  | 1086 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 223713 | 4303 | SH |  | SOLE |  | 4303 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 218865 | 710 | SH |  | SOLE |  | 710 | 0 | 0 |
| AKOUSTIS TECHNOLOGIES INC | COM | 00973N102 |  | 128285 | 45491 | SH |  | SOLE |  | 45491 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 267132 | 1970 | SH |  | SOLE |  | 1970 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 410376 | 4625 | SH |  | SOLE |  | 4625 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 875859 | 9927 | SH |  | SOLE |  | 9927 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 229034 | 2412 | SH |  | SOLE |  | 2412 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 287522 | 1946 | SH |  | SOLE |  | 1946 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 450838 | 2128 | SH |  | SOLE |  | 2128 | 0 | 0 |
| AMN HEALTHCARE SVCS INC | COM | 001744101 |  | 206771 | 2011 | SH |  | SOLE |  | 2011 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 266718 | 3503 | SH |  | SOLE |  | 3503 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 247685 | 1510 | SH |  | SOLE |  | 1510 | 0 | 0 |
| ANIKA THERAPEUTICS INC | COM | 035255108 |  | 289429 | 9778 | SH |  | SOLE |  | 9778 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 608202 | 4681 | SH |  | SOLE |  | 4681 | 0 | 0 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 |  | 223577 | 1774 | SH |  | SOLE |  | 1774 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 330286 | 5261 | SH |  | SOLE |  | 5261 | 0 | 0 |
| ATKORE INC | COM | 047649108 |  | 1710714 | 15083 | SH |  | SOLE |  | 15083 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 566168 | 3128 | SH |  | SOLE |  | 3128 | 0 | 0 |
| AZZ INC | COM | 002474104 |  | 666998 | 16592 | SH |  | SOLE |  | 16592 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 245398 | 5391 | SH |  | SOLE |  | 5391 | 0 | 0 |
| BEACON ROOFING SUPPLY INC | COM | 073685109 |  | 257510 | 4878 | SH |  | SOLE |  | 4878 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1349893 | 4370 | SH |  | SOLE |  | 4370 | 0 | 0 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 259744 | 3926 | SH |  | SOLE |  | 3926 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 309671 | 437 | SH |  | SOLE |  | 437 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 574355 | 285 | SH |  | SOLE |  | 285 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 308809 | 4292 | SH |  | SOLE |  | 4292 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 907541 | 13988 | SH |  | SOLE |  | 13988 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 563675 | 2392 | SH |  | SOLE |  | 2392 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 367897 | 6042 | SH |  | SOLE |  | 6042 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 528709 | 2207 | SH |  | SOLE |  | 2207 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 745214 | 4173 | SH |  | SOLE |  | 4173 | 0 | 0 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 748487 | 3435 | SH |  | SOLE |  | 3435 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 460033 | 2563 | SH |  | SOLE |  | 2563 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 1333535 | 26158 | SH |  | SOLE |  | 26158 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 251634 | 5282 | SH |  | SOLE |  | 5282 | 0 | 0 |
| CNX RES CORP | COM | 12653C108 |  | 1376114 | 81717 | SH |  | SOLE |  | 81717 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 237446 | 6790 | SH |  | SOLE |  | 6790 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 279579 | 3243 | SH |  | SOLE |  | 3243 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 549081 | 17191 | SH |  | SOLE |  | 17191 | 0 | 0 |
| CROCS INC | COM | 227046109 |  | 1513900 | 13962 | SH |  | SOLE |  | 13962 | 0 | 0 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 1469920 | 10994 | SH |  | SOLE |  | 10994 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 301656 | 3237 | SH |  | SOLE |  | 3237 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 246026 | 2760 | SH |  | SOLE |  | 2760 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 505625 | 1905 | SH |  | SOLE |  | 1905 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 352012 | 821 | SH |  | SOLE |  | 821 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 200383 | 1465 | SH |  | SOLE |  | 1465 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 947324 | 3847 | SH |  | SOLE |  | 3847 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 443414 | 3135 | SH |  | SOLE |  | 3135 | 0 | 0 |
| DONALDSON INC | COM | 257651109 |  | 302651 | 5141 | SH |  | SOLE |  | 5141 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 323179 | 4709 | SH |  | SOLE |  | 4709 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 318609 | 2030 | SH |  | SOLE |  | 2030 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 255312 | 1754 | SH |  | SOLE |  | 1754 | 0 | 0 |
| ELECTROMED INC | COM | 285409108 |  | 186858 | 17813 | SH |  | SOLE |  | 17813 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 402937 | 3111 | SH |  | SOLE |  | 3111 | 0 | 0 |
| EVERCORE INC | CLASS A | 29977A105 |  | 866968 | 7948 | SH |  | SOLE |  | 7948 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 424769 | 9826 | SH |  | SOLE |  | 9825 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 344026 | 3119 | SH |  | SOLE |  | 3119 | 0 | 0 |
| FARMER BROS CO | COM | 307675108 |  | 205445 | 44565 | SH |  | SOLE |  | 44565 | 0 | 0 |
| FEDERAL AGRIC MTG CORP | CL C | 313148306 |  | 1206807 | 10707 | SH |  | SOLE |  | 10707 | 0 | 0 |
| FERGUSON PLC NEW | SHS | G3421J106 |  | 551939 | 4347 | SH |  | SOLE |  | 4347 | 0 | 0 |
| FIRST BUSINESS FINL SVCS INC | COM | 319390100 |  | 272920 | 7467 | SH |  | SOLE |  | 7467 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 1464647 | 9778 | SH |  | SOLE |  | 9778 | 0 | 0 |
| FIRST TR EXCH TRADED FD III | LNG/SHT EQUITY | 33739P103 |  | 1361176 | 27853 | SH |  | SOLE |  | 27853 | 0 | 0 |
| FIRST WESTN FINL INC | COM | 33751L105 |  | 262696 | 9332 | SH |  | SOLE |  | 9332 | 0 | 0 |
| FIRSTCASH HOLDINGS INC | COM | 33768G107 |  | 277330 | 3191 | SH |  | SOLE |  | 3191 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 864856 | 8557 | SH |  | SOLE |  | 8557 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 |  | 258584 | 1462 | SH |  | SOLE |  | 1462 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 933038 | 7476 | SH |  | SOLE |  | 7476 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 313619 | 933 | SH |  | SOLE |  | 933 | 0 | 0 |
| GATES INDL CORP PLC | ORD SHS | G39108108 |  | 132675 | 11628 | SH |  | SOLE |  | 11628 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 256581 | 3060 | SH |  | SOLE |  | 3060 | 0 | 0 |
| GENPACT LIMITED | SHS | G3922B107 |  | 372135 | 8034 | SH |  | SOLE |  | 8034 | 0 | 0 |
| GLADSTONE COMMERCIAL CORP | COM | 376536108 |  | 228137 | 12332 | SH |  | SOLE |  | 12331 | 0 | 0 |
| GOLDMAN SACHS PHYSICAL GOLD | UNIT | 38150K103 |  | 732518 | 40493 | SH |  | SOLE |  | 40493 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 254206 | 457 | SH |  | SOLE |  | 457 | 0 | 0 |
| GRAND CANYON ED INC | COM | 38526M106 |  | 1257671 | 11903 | SH |  | SOLE |  | 11903 | 0 | 0 |
| HAEMONETICS CORP MASS | COM | 405024100 |  | 717131 | 9118 | SH |  | SOLE |  | 9118 | 0 | 0 |
| HANNON ARMSTRONG SUST INFR C | COM | 41068X100 |  | 205758 | 7100 | SH |  | SOLE |  | 7100 | 0 | 0 |
| HANOVER INS GROUP INC | COM | 410867105 |  | 655047 | 4848 | SH |  | SOLE |  | 4847 | 0 | 0 |
| HARVARD BIOSCIENCE INC | COM | 416906105 |  | 158774 | 57319 | SH |  | SOLE |  | 57319 | 0 | 0 |
| HENRY SCHEIN INC | COM | 806407102 |  | 412369 | 5163 | SH |  | SOLE |  | 5163 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 507810 | 6788 | SH |  | SOLE |  | 6788 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 350289 | 1109 | SH |  | SOLE |  | 1109 | 0 | 0 |
| HOULIHAN LOKEY INC | CL A | 441593100 |  | 259998 | 2983 | SH |  | SOLE |  | 2983 | 0 | 0 |
| HUDSON PAC PPTYS INC | COM | 444097109 |  | 109482 | 11252 | SH |  | SOLE |  | 11252 | 0 | 0 |
| ICF INTL INC | COM | 44925C103 |  | 1302261 | 13148 | SH |  | SOLE |  | 13147 | 0 | 0 |
| INDEXIQ ETF TR | HEDGE MLTI ETF | 45409B107 |  | 738765 | 25958 | SH |  | SOLE |  | 25958 | 0 | 0 |
| INFORMATION SVCS GROUP INC | COM | 45675Y104 |  | 156331 | 33985 | SH |  | SOLE |  | 33985 | 0 | 0 |
| INFUSYSTEM HLDGS INC | COM | 45685K102 |  | 440892 | 50794 | SH |  | SOLE |  | 50794 | 0 | 0 |
| INSIGHT ENTERPRISES INC | COM | 45765U103 |  | 327081 | 3262 | SH |  | SOLE |  | 3262 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 717822 | 6997 | SH |  | SOLE |  | 6997 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 631924 | 18971 | SH |  | SOLE |  | 18971 | 0 | 0 |
| IRIDIUM COMMUNICATIONS INC | COM | 46269C102 |  | 1461816 | 28440 | SH |  | SOLE |  | 28440 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1986337 | 42534 | SH |  | SOLE |  | 42533 | 0 | 0 |
| ISHARES INC | ESG AWR MSCI EM | 46434G863 |  | 481773 | 16022 | SH |  | SOLE |  | 16021 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 551376 | 1435 | SH |  | SOLE |  | 1435 | 0 | 0 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 904691 | 10675 | SH |  | SOLE |  | 10674 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 3932348 | 37266 | SH |  | SOLE |  | 37266 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 715944 | 7382 | SH |  | SOLE |  | 7381 | 0 | 0 |
| ISHARES TR | ESG AWARE MSCI | 46435U663 |  | 559432 | 17014 | SH |  | SOLE |  | 17014 | 0 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 1363833 | 29726 | SH |  | SOLE |  | 29726 | 0 | 0 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 1057073 | 16080 | SH |  | SOLE |  | 16079 | 0 | 0 |
| ISHARES TR | GNMA BOND ETF | 46429B333 |  | 537061 | 12345 | SH |  | SOLE |  | 12344 | 0 | 0 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 232174 | 2227 | SH |  | SOLE |  | 2226 | 0 | 0 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 1361473 | 16254 | SH |  | SOLE |  | 16254 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 741230 | 4651 | SH |  | SOLE |  | 4651 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 422013 | 3147 | SH |  | SOLE |  | 3147 | 0 | 0 |
| KBR INC | COM | 48242W106 |  | 350645 | 6641 | SH |  | SOLE |  | 6641 | 0 | 0 |
| KELLOGG CO | COM | 487836108 |  | 258957 | 3635 | SH |  | SOLE |  | 3635 | 0 | 0 |
| KONINKLIJKE PHILIPS N V | NY REGIS SHS NEW | 500472303 |  | 245851 | 16401 | SH |  | SOLE |  | 16401 | 0 | 0 |
| KRANESHARES TR | GLOBAL CARB STRA | 500767678 |  | 1746726 | 47895 | SH |  | SOLE |  | 47894 | 0 | 0 |
| LEMAITRE VASCULAR INC | COM | 525558201 |  | 204846 | 4451 | SH |  | SOLE |  | 4451 | 0 | 0 |
| LIFECORE BIOMEDICAL INC | COM | 514766104 |  | 133592 | 20616 | SH |  | SOLE |  | 20616 | 0 | 0 |
| LIMONEIRA CO | COM | 532746104 |  | 845640 | 69258 | SH |  | SOLE |  | 69258 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 591976 | 4097 | SH |  | SOLE |  | 4097 | 0 | 0 |
| LINDE PLC | SHS | G5494J103 |  | 280515 | 860 | SH |  | SOLE |  | 860 | 0 | 0 |
| LUXFER HLDGS PLC | SHS | G5698W116 |  | 152114 | 11087 | SH |  | SOLE |  | 11087 | 0 | 0 |
| MARCUS CORP DEL | COM | 566330106 |  | 182609 | 12690 | SH |  | SOLE |  | 12690 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 241932 | 1462 | SH |  | SOLE |  | 1462 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 444625 | 9527 | SH |  | SOLE |  | 9527 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 540720 | 1555 | SH |  | SOLE |  | 1555 | 0 | 0 |
| MATIV HOLDINGS INC | COM | 808541106 |  | 250110 | 11967 | SH |  | SOLE |  | 11967 | 0 | 0 |
| MAYVILLE ENGR CO INC | COM | 578605107 |  | 265961 | 21008 | SH |  | SOLE |  | 21008 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 342279 | 4404 | SH |  | SOLE |  | 4404 | 0 | 0 |
| MERIDIAN BIOSCIENCE INC | COM | 589584101 |  | 281388 | 8473 | SH |  | SOLE |  | 8473 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 219180 | 3120 | SH |  | SOLE |  | 3120 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 357607 | 7155 | SH |  | SOLE |  | 7155 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1011561 | 4218 | SH |  | SOLE |  | 4218 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 214546 | 3219 | SH |  | SOLE |  | 3219 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 672253 | 7907 | SH |  | SOLE |  | 7907 | 0 | 0 |
| NATIONAL RETAIL PROPERTIES I | COM | 637417106 |  | 777325 | 16987 | SH |  | SOLE |  | 16987 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 223630 | 2675 | SH |  | SOLE |  | 2675 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 241492 | 980 | SH |  | SOLE |  | 980 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 385108 | 4352 | SH |  | SOLE |  | 4352 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 295257 | 7675 | SH |  | SOLE |  | 7675 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 392352 | 4810 | SH |  | SOLE |  | 4810 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 210163 | 249 | SH |  | SOLE |  | 249 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 274719 | 3508 | SH |  | SOLE |  | 3508 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 252829 | 2964 | SH |  | SOLE |  | 2964 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 853715 | 8626 | SH |  | SOLE |  | 8626 | 0 | 0 |
| PERION NETWORK LTD | SHS NEW | M78673114 |  | 333960 | 13200 | SH |  | SOLE |  | 13200 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 647382 | 12634 | SH |  | SOLE |  | 12634 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 477084 | 4584 | SH |  | SOLE |  | 4583 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 981148 | 12903 | SH |  | SOLE |  | 12903 | 0 | 0 |
| PIONEER NAT RES CO | COM | 723787107 |  | 214687 | 940 | SH |  | SOLE |  | 940 | 0 | 0 |
| PLEXUS CORP | COM | 729132100 |  | 320112 | 3110 | SH |  | SOLE |  | 3110 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 646290 | 4092 | SH |  | SOLE |  | 4092 | 0 | 0 |
| POOL CORP | COM | 73278L105 |  | 357656 | 1183 | SH |  | SOLE |  | 1183 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 |  | 260523 | 1837 | SH |  | SOLE |  | 1837 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 1022641 | 7884 | SH |  | SOLE |  | 7884 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 664910 | 4250 | SH |  | SOLE |  | 4250 | 0 | 0 |
| REGAL REXNORD CORPORATION | COM | 758750103 |  | 201566 | 1680 | SH |  | SOLE |  | 1680 | 0 | 0 |
| RH | COM | 74967X103 |  | 486019 | 1819 | SH |  | SOLE |  | 1819 | 0 | 0 |
| ROBERT HALF INTL INC | COM | 770323103 |  | 276198 | 3741 | SH |  | SOLE |  | 3741 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 283359 | 846 | SH |  | SOLE |  | 846 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 400377 | 3880 | SH |  | SOLE |  | 3880 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 309213 | 5784 | SH |  | SOLE |  | 5784 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 853831 | 10255 | SH |  | SOLE |  | 10255 | 0 | 0 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 506320 | 10285 | SH |  | SOLE |  | 10284 | 0 | 0 |
| SIMPSON MFG INC | COM | 829073105 |  | 215976 | 2436 | SH |  | SOLE |  | 2436 | 0 | 0 |
| SKECHERS U S A INC | CL A | 830566105 |  | 328091 | 7821 | SH |  | SOLE |  | 7821 | 0 | 0 |
| SMITH  NEPHEW PLC | SPDN ADR NEW | 83175M205 |  | 315608 | 11737 | SH |  | SOLE |  | 11737 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 2026087 | 12786 | SH |  | SOLE |  | 12786 | 0 | 0 |
| SONY GROUP CORPORATION | SPONSORED ADR | 835699307 |  | 500931 | 6567 | SH |  | SOLE |  | 6567 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 707547 | 3831 | SH |  | SOLE |  | 3831 | 0 | 0 |
| STONEX GROUP INC | COM | 861896108 |  | 1418350 | 14883 | SH |  | SOLE |  | 14883 | 0 | 0 |
| TALOS ENERGY INC | COM | 87484T108 |  | 984460 | 52143 | SH |  | SOLE |  | 52143 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 255136 | 6700 | SH |  | SOLE |  | 6700 | 0 | 0 |
| TE CONNECTIVITY LTD | SHS | H84989104 |  | 315700 | 2750 | SH |  | SOLE |  | 2750 | 0 | 0 |
| TECNOGLASS INC | ORD SHS | G87264100 |  | 810811 | 26991 | SH |  | SOLE |  | 26991 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1296875 | 2355 | SH |  | SOLE |  | 2355 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 667128 | 8381 | SH |  | SOLE |  | 8381 | 0 | 0 |
| TRIMAS CORP | COM NEW | 896215209 |  | 225693 | 8136 | SH |  | SOLE |  | 8136 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 234470 | 5449 | SH |  | SOLE |  | 5449 | 0 | 0 |
| TRUST FOR PROFESSIONAL MANAG | CONVERGENCE LNG | 89834G760 |  | 9852530 | 670788 | SH |  | SOLE |  | 670787 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 267370 | 570 | SH |  | SOLE |  | 570 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 470521 | 9345 | SH |  | SOLE |  | 9345 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 412913 | 1994 | SH |  | SOLE |  | 1994 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1124512 | 2121 | SH |  | SOLE |  | 2121 | 0 | 0 |
| UNITIL CORP | COM | 913259107 |  | 249791 | 4864 | SH |  | SOLE |  | 4863 | 0 | 0 |
| VALVOLINE INC | COM | 92047W101 |  | 1013017 | 31027 | SH |  | SOLE |  | 31026 | 0 | 0 |
| VANECK ETF TRUST | HIGH YLD MUNIETF | 92189H409 |  | 324790 | 6425 | SH |  | SOLE |  | 6425 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 399014 | 2087 | SH |  | SOLE |  | 2087 | 0 | 0 |
| VEECO INSTRS INC DEL | COM | 922417100 |  | 452479 | 24353 | SH |  | SOLE |  | 24353 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 386360 | 2190 | SH |  | SOLE |  | 2190 | 0 | 0 |
| VICARIOUS SURGICAL INC | COM CL A | 92561V109 |  | 56263 | 27853 | SH |  | SOLE |  | 27853 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 719888 | 3465 | SH |  | SOLE |  | 3465 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 244249 | 2209 | SH |  | SOLE |  | 2209 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 338461 | 1320 | SH |  | SOLE |  | 1320 | 0 | 0 |
| ZEVIA PBC | CL A | 98955K104 |  | 224022 | 54773 | SH |  | SOLE |  | 54773 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 326655 | 2562 | SH |  | SOLE |  | 2562 | 0 | 0 |
| ZIONS BANCORPORATION N A | COM | 989701107 |  | 211585 | 4304 | SH |  | SOLE |  | 4304 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 298229 | 2035 | SH |  | SOLE |  | 2035 | 0 | 0 |

---