The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Alamo Group Inc. COM 011311107   1,034,306 5,742 SH   SOLE   5,742 0 0
Allegro MicroSystems, Inc. COM 01749D105   1,416,780 60,806 SH   SOLE   60,806 0 0
Amphastar Pharmaceuticals, Inc COM 03209R103   2,654,494 54,698 SH   SOLE   54,698 0 0
Apple Hospitality REIT, Inc. COM 03784Y200   1,353,429 91,140 SH   SOLE   91,140 0 0
Arch Capital Group COM G0450A105   915,738 8,185 SH   SOLE   8,185 0 0
AstraZeneca PLC COM 046353108   2,632,189 33,785 SH   SOLE   33,785 0 0
Atlanta Braves Holdings, Inc. COM 047726104   1,928,531 45,754 SH   SOLE   45,754 0 0
Bloomin' Brands, Inc. COM 094235108   350,899 21,228 SH   SOLE   21,228 0 0
Booking Holdings Inc. COM 09857L108   3,243,332 770 SH   SOLE   770 0 0
Brady Corp. COM 104674106   2,462,505 32,135 SH   SOLE   32,135 0 0
CF Industries Holdings, Inc. COM 125269100   1,857,141 21,645 SH   SOLE   21,645 0 0
CME Group Inc. COM 12572Q105   2,809,536 12,733 SH   SOLE   12,733 0 0
CONMED Corp. COM 207410101   1,099,801 15,292 SH   SOLE   15,292 0 0
Carrier Global Corporation COM 14448C104   2,481,346 30,828 SH   SOLE   30,828 0 0
Cencora, Inc. COM 03073E105   1,513,888 6,726 SH   SOLE   6,726 0 0
ChampionX Corporation COM 15872M104   1,721,264 57,090 SH   SOLE   57,090 0 0
Charles Schwab Corp. COM 808513105   1,995,241 30,786 SH   SOLE   30,786 0 0
Chart Industries, Inc. COM 16115Q308   1,219,427 9,823 SH   SOLE   9,823 0 0
Cincinnati Financial Corp. COM 172062101   1,812,574 13,316 SH   SOLE   13,316 0 0
Cisco Systems Inc. COM 17275R102   2,020,338 37,962 SH   SOLE   37,962 0 0
Coca-Cola Consolidated, Inc. COM 191098102   1,083,397 823 SH   SOLE   823 0 0
Corpay, Inc. COM 219948106   2,795,449 8,938 SH   SOLE   8,938 0 0
Crocs, Inc. COM 227046109   871,611 6,019 SH   SOLE   6,019 0 0
Cummins Inc. COM 231021106   1,921,370 5,934 SH   SOLE   5,934 0 0
Darden Restaurants, Inc. COM 237194105   2,016,665 12,287 SH   SOLE   12,287 0 0
Diamondback Energy, Inc. COM 25278X109   1,215,765 7,052 SH   SOLE   7,052 0 0
Dorman Products, Inc. COM 258278100   1,904,375 16,835 SH   SOLE   16,835 0 0
Dover Corp. COM 260003108   2,003,300 10,448 SH   SOLE   10,448 0 0
Dropbox, Inc. COM 26210C104   998,000 39,245 SH   SOLE   39,245 0 0
EPAM Systems, Inc. COM 29414B104   1,205,326 6,056 SH   SOLE   6,056 0 0
EastGroup Properties, Inc. COM 277276101   1,774,790 9,500 SH   SOLE   9,500 0 0
Electronic Arts Inc. COM 285512109   1,321,226 9,211 SH   SOLE   9,211 0 0
Emerson Electric COM 291011104   2,159,511 19,745 SH   SOLE   19,745 0 0
Enersys COM 29275Y102   2,052,838 20,116 SH   SOLE   20,116 0 0
Equity Commonwealth 6.5 percent Pfd COM 294628201   957,332 37,914 SH   SOLE   37,914 0 0
Euronet Worldwide, Inc. COM 298736109   1,306,958 13,171 SH   SOLE   13,171 0 0
Evolution AB COM 30051E104   1,873,465 19,080 SH   SOLE   19,080 0 0
Expand Energy Corp. COM 165167735   963,148 11,710 SH   SOLE   11,710 0 0
Expedia Group, Inc. COM 30212P303   1,513,060 10,222 SH   SOLE   10,222 0 0
F5, Inc. COM 315616102   1,666,033 7,566 SH   SOLE   7,566 0 0
First Merchants Corporation COM 320817109   1,334,029 35,861 SH   SOLE   35,861 0 0
Fiserv Inc. COM 337738108   1,114,369 6,203 SH   SOLE   6,203 0 0
Fox Corporation - Class B COM 35137L204   2,154,370 55,525 SH   SOLE   55,525 0 0
Gaming and Leisure Properties, COM 36467J108   1,949,492 37,891 SH   SOLE   37,891 0 0
General Mills, Inc. COM 370334104   963,299 13,044 SH   SOLE   13,044 0 0
Gibraltar Industries, Inc. COM 374689107   1,709,858 24,451 SH   SOLE   24,451 0 0
Global Payments Inc COM 37940X102   1,198,007 11,697 SH   SOLE   11,697 0 0
Globus Medical, Inc. COM 379577208   1,616,661 22,598 SH   SOLE   22,598 0 0
Goldman Sachs Group, Inc. COM 38141G104   1,071,913 2,165 SH   SOLE   2,165 0 0
Halozyme Therapeutics, Inc. COM 40637H109   1,851,714 32,350 SH   SOLE   32,350 0 0
Hershey Company COM 427866108   416,163 2,170 SH   SOLE   2,170 0 0
Host Hotels & Resorts, Inc. COM 44107P104   1,783,109 101,313 SH   SOLE   101,313 0 0
Inter Parfums, Inc. COM 458334109   2,519,292 19,457 SH   SOLE   19,457 0 0
Interactive Brokers Group, Inc COM 45841N107   1,692,667 12,146 SH   SOLE   12,146 0 0
International Seaways, Inc. COM Y41053102   660,845 12,817 SH   SOLE   12,817 0 0
Interpublic Group of Companies COM 460690100   465,752 14,725 SH   SOLE   14,725 0 0
John Hancock Financial Opportu COM 409735206   2,774,298 83,664 SH   SOLE   83,664 0 0
Johnson Controls International COM G51502105   1,559,030 20,088 SH   SOLE   20,088 0 0
Juniper Networks, Inc. COM 48203R104   2,838,524 72,820 SH   SOLE   72,820 0 0
Kinder Morgan, Inc. COM 49456B101   2,494,359 112,918 SH   SOLE   112,918 0 0
Lamar Advertising Company COM 512816109   2,948,418 22,069 SH   SOLE   22,069 0 0
Lantheus Holdings, Inc. COM 516544103   2,091,177 19,054 SH   SOLE   19,054 0 0
Liberty Energy Inc. COM 53115L104   1,638,590 85,835 SH   SOLE   85,835 0 0
LyondellBasell Industries N.V. COM N53745100   1,641,712 17,119 SH   SOLE   17,119 0 0
MDU Resources Group, Inc. COM 552690109   878,436 32,048 SH   SOLE   32,048 0 0
MGP Ingredients, Inc. COM 55303J106   2,396,102 28,782 SH   SOLE   28,782 0 0
MP Materials Corp. COM 553368101   1,149,139 65,107 SH   SOLE   65,107 0 0
Markel Corporation COM 570535104   1,179,572 752 SH   SOLE   752 0 0
Match Group, Inc. COM 57667L107   2,665,071 70,430 SH   SOLE   70,430 0 0
Materion Corporation COM 576690101   707,515 6,325 SH   SOLE   6,325 0 0
McCormick & Co. COM 579780206   694,859 8,443 SH   SOLE   8,443 0 0
Middleby Corporation COM 596278101   1,737,455 12,488 SH   SOLE   12,488 0 0
Molina Healthcare, Inc. COM 60855R100   2,144,886 6,225 SH   SOLE   6,225 0 0
Molson Coors Beverage Company COM 60871R209   1,099,725 19,119 SH   SOLE   19,119 0 0
Monster Beverage Corp. COM 61174X109   2,092,121 40,102 SH   SOLE   40,102 0 0
NICE Ltd. COM 653656108   2,027,424 11,674 SH   SOLE   11,674 0 0
NetEase, Inc. COM 64110W102   2,459,781 26,305 SH   SOLE   26,305 0 0
Neurocrine Biosciences, Inc. COM 64125C109   1,203,473 10,445 SH   SOLE   10,445 0 0
NiSource Inc. COM 65473P105   302,772 8,738 SH   SOLE   8,738 0 0
OGE Energy Corp. COM 670837103   445,477 10,860 SH   SOLE   10,860 0 0
ONEOK, Inc. COM 682680103   501,488 5,503 SH   SOLE   5,503 0 0
Oddity Tech Ltd. COM M7518J104   2,055,867 50,913 SH   SOLE   50,913 0 0
Orion S.A. COM L72967109   1,715,388 96,316 SH   SOLE   96,316 0 0
PagSeguro Digital Ltd. COM G68707101   1,279,851 148,647 SH   SOLE   148,647 0 0
Patria Investments Limited COM G69451105   1,400,729 125,401 SH   SOLE   125,401 0 0
PayPal Holdings, Inc. COM 70450Y103   1,255,581 16,091 SH   SOLE   16,091 0 0
Paycom Software, Inc. COM 70432V102   2,482,393 14,903 SH   SOLE   14,903 0 0
Pentair plc COM G7S00T104   1,406,709 14,385 SH   SOLE   14,385 0 0
Pool Corporation COM 73278L105   1,913,014 5,077 SH   SOLE   5,077 0 0
Progyny, Inc. COM 74340E103   1,279,626 76,350 SH   SOLE   76,350 0 0
QUALCOMM Incorporated COM 747525103   2,376,449 13,975 SH   SOLE   13,975 0 0
Royalty Pharma plc COM G7709Q104   1,426,976 50,441 SH   SOLE   50,441 0 0
SEI Investments Company COM 784117103   1,740,959 25,162 SH   SOLE   25,162 0 0
Service Corporation Internatio COM 817565104   412,409 5,225 SH   SOLE   5,225 0 0
Six Flags Entertainment Corp. COM 83001C108   639,962 15,876 SH   SOLE   15,876 0 0
Snap-on Incorporated COM 833034101   1,028,181 3,549 SH   SOLE   3,549 0 0
Sportradar Group AG COM H8088L103   2,186,388 180,544 SH   SOLE   180,544 0 0
Stride, Inc. COM 86333M108   2,018,861 23,665 SH   SOLE   23,665 0 0
Sysco Corp. COM 871829107   1,275,344 16,338 SH   SOLE   16,338 0 0
T. Rowe Price Group, Inc. COM 74144T108   376,789 3,459 SH   SOLE   3,459 0 0
Timken Company COM 887389104   1,892,311 22,450 SH   SOLE   22,450 0 0
US Foods Holding Corp. COM 912008109   1,574,216 25,597 SH   SOLE   25,597 0 0
Ulta Beauty, Inc. COM 90384S303   2,566,246 6,595 SH   SOLE   6,595 0 0
Unitil Corporation COM 913259107   434,601 7,174 SH   SOLE   7,174 0 0
Vail Resorts, Inc. COM 91879Q109   2,402,762 13,786 SH   SOLE   13,786 0 0
VeriSign, Inc. COM 92343E102   2,881,693 15,170 SH   SOLE   15,170 0 0
Viper Energy Inc. COM 927959106   1,541,815 34,179 SH   SOLE   34,179 0 0
W. R. Berkley Corporation COM 084423102   1,932,451 34,064 SH   SOLE   34,064 0 0
WEC Energy Group, Inc. COM 92939U106   565,154 5,876 SH   SOLE   5,876 0 0
WEX Inc. COM 96208T104   1,395,753 6,655 SH   SOLE   6,655 0 0
WNS Holdings Limited COM G98196101   1,852,071 35,137 SH   SOLE   35,137 0 0
XPEL, Inc. COM 98379L100   1,975,113 45,541 SH   SOLE   45,541 0 0
ZTO Express (Cayman) Inc. COM 98980A105   3,202,563 129,292 SH   SOLE   129,292 0 0