ABERCROMBIE & FITCO CO CL A 002896207 2773766 30270 SH SOLE 0 0 0 ACADEMY SPORTS & OUTDOORS IN COM 00402L107 2190866 38700 SH SOLE 0 0 0 ACCENTURE PLC IRELAND SHS CLASS A G1151C101 4172581 20983 SH SOLE 0 0 0 ALCOA CORP COM 013872106 6167840 92720 SH SOLE 0 0 0 ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 147367855 1171229 SH SOLE 0 0 0 AMAZON COM INC COM 023135106 117285904 561527 SH SOLE 0 0 0 AMDOCS LTD SHS G02602103 4115309 62880 SH SOLE 0 0 0 ANGLOGOLD ASHANTI PLC COM SHS G0378L100 9591036 98228 SH SOLE 0 0 0 ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 3130645 45000 SH SOLE 0 0 0 ANI PHARMACEUTICALS INC COM 00182C103 4642026 60191 SH SOLE 0 0 0 ANTERO MIDSTREAM CORP COM 03676B102 8011048 350360 SH SOLE 0 0 0 APTIV PLC COM SHS G3265R107 2737512 39310 SH SOLE 0 0 0 ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 1051944 127142 SH SOLE 0 0 0 ARIS MNG CORP COM 04040Y109 34758271 1872533 SH SOLE 0 0 0 ARMSTRONG WORLD INDS INC NEW COM 04247X102 2250083 13615 SH SOLE 0 0 0 ARROW ELECTRS INC COM 042735100 4853273 33745 SH SOLE 0 0 0 ARTISAN PARTNERS ASSET MGMT CL A 04316A108 3605113 98783 SH SOLE 0 0 0 ASHLAND INC COM 044186104 3598989 64533 SH SOLE 0 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 2760177 13546 SH SOLE 0 0 0 AVNET INC COM 053807103 291870 4723 SH SOLE 0 0 0 BANK AMERICA CORP COM 060505104 64332553 1315860 SH SOLE 0 0 0 BARRICK GOLD CORP COM 06849F108 23375592 571425 SH SOLE 0 0 0 BCE INC COM NEW 05534B760 7062973 280040 SH SOLE 0 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4325228 9000 SH SOLE 0 0 0 BEST BUY INC COM 086516101 4557992 70792 SH SOLE 0 0 0 BOISE CASCADE CO DEL COM 09739D100 2485845 32680 SH SOLE 0 0 0 BOOKING HOLDINGS INC COM 09857L108 25953199 6147 SH SOLE 0 0 0 BOOT BARN HLDGS INC COM 099406100 1898576 12935 SH SOLE 0 0 0 BOYD GAMING CORP COM 103304101 2759375 33481 SH SOLE 0 0 0 BP PLC SPONSORED ADR 055622104 98890774 2098006 SH SOLE 0 0 0 BRINKER INTL INC COM 109641100 2960455 20676 SH SOLE 0 0 0 BROOKFIELD CORP CL A LTD VT SH 11271J107 3439716 84750 SH SOLE 0 0 0 BROWN FORMAN CORP CL B 115637209 72435476 2731876 SH SOLE 0 0 0 CANADIAN NATL RY CO COM 136375102 6492071 63110 SH SOLE 0 0 0 CANADIAN PACIFIC KANSAS CITY COM 13646K108 29545933 374542 SH SOLE 0 0 0 CARMAX INC COM 143130102 3153549 75625 SH SOLE 0 0 0 CENTERRA GOLD INC COM 152006102 12993077 730816 SH SOLE 0 0 0 CENTURY ALUM CO COM 156431108 2934149 49850 SH SOLE 0 0 0 CHAMPION HOMES INC COM 830830105 264625 3548 SH SOLE 0 0 0 CHEESECAKE FACTORY INC COM 163072101 1602189 29180 SH SOLE 0 0 0 CHEVRON CORP NEW COM 166764100 2282458 11000 SH SOLE 0 0 0 CHOICE HOTELS INTL INC COM 169905106 3050664 29389 SH SOLE 0 0 0 COEUR MNG INC COM NEW 192108504 7221831 384032 SH SOLE 0 0 0 COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 4262719 69284 SH SOLE 0 0 0 COINBASE GLOBAL INC COM CL A 19260Q107 251457767 1435990 SH SOLE 0 0 0 COMMERCIAL METALS CO COM 201723103 4817366 78194 SH SOLE 0 0 0 COOPER COS INC COM 216648501 15500766 216171 SH SOLE 0 0 0 COPA HOLDINGS SA CL A P31076105 5024525 44099 SH SOLE 0 0 0 CORE & MAIN INC CL A 21874C102 3118166 62938 SH SOLE 0 0 0 CSX CORP COM 126408103 6101552 148210 SH SOLE 0 0 0 D R HORTON INC COM 23331A109 262983 1911 SH SOLE 0 0 0 DARDEN RESTAURANTS INC COM 237194105 1765089 8978 SH SOLE 0 0 0 DAVE INC CLASS A COM NEW 23834J201 2416247 13841 SH SOLE 0 0 0 DHT HOLDINGS INC SHS NEW Y2065G121 4868890 265737 SH SOLE 0 0 0 DIAMONDROCK HOSPITALITY CO COM 252784301 103677 11033 SH SOLE 0 0 0 DILLARDS INC CL A 254067101 1969455 3433 SH SOLE 0 0 0 DOLLAR GEN CORP COM 256677105 2005145 16840 SH SOLE 0 0 0 DOMINOS PIZZA INC COM 25754A201 2213993 6153 SH SOLE 0 0 0 DORMAN PRODS INC COM 258278100 3978072 38011 SH SOLE 0 0 0 DOUBLEVERIFY HLDGS INC COM 25862V105 5830613 612017 SH SOLE 0 0 0 DUPONT DE NEMOURS INC COM 26614N102 4048445 88140 SH SOLE 0 0 0 DYNATRACE INC COM NEW 268150109 4192879 113055 SH SOLE 0 0 0 EAGLE MATLS INC COM 26969P108 2025597 10661 SH SOLE 0 0 0 EASTMAN CHEM CO COM 277432100 4189684 54740 SH SOLE 0 0 0 ELDORADO GOLD CORP NEW COM 284902509 30963930 899358 SH SOLE 0 0 0 ELEMENT SOLUTIONS INC COM 28618M106 3623052 105820 SH SOLE 0 0 0 EPR PPTYS COM SH BEN INT 26884U109 324674 6480 SH SOLE 0 0 0 EQUINOX GOLD CORP COM 29446Y502 59699196 4126835 SH SOLE 0 0 0 EXELIXIS INC COM 30161Q104 5072292 117923 SH SOLE 0 0 0 EXXON MOBIL CORP COM 30231G102 54737261 321706 SH SOLE 0 0 0 FEDERATED HERMES INC CL B 314211103 4715392 82909 SH SOLE 0 0 0 FIRST SOLAR INC COM 336433107 2986947 15099 SH SOLE 0 0 0 FIVE BELOW INC COM 33829M101 287340 1254 SH SOLE 0 0 0 FLEX LNG LTD SHS G35947202 4308744 144610 SH SOLE 0 0 0 FLOOR & DECOR HLDGS INC CL A 339750101 56076935 1100725 SH SOLE 0 0 0 FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 891040 8000 SH SOLE 0 0 0 FORTINET INC COM 34959E109 4299057 52456 SH SOLE 0 0 0 FORTUNE BRANDS INNOVATIONS I COM 34964C106 2267940 58029 SH SOLE 0 0 0 FOX CORP CL A COM 35137L105 6182847 105568 SH SOLE 0 0 0 FRANCO NEV CORP COM 351858105 1070331 4320 SH SOLE 0 0 0 FRANKLIN RESOURCES INC COM 354613101 3459334 146037 SH SOLE 0 0 0 FRONTLINE PLC COM M46528101 4165452 119152 SH SOLE 0 0 0 GALIANO GOLD INC COM 36352H100 33072257 13224532 SH SOLE 0 0 0 GARRETT MOTION INC COM 366505105 3752877 205949 SH SOLE 0 0 0 GARTNER INC COM 366651107 4193398 26408 SH SOLE 0 0 0 GE AEROSPACE COM NEW 369604301 33592846 118042 SH SOLE 0 0 0 GEN DIGITAL INC COM 668771108 4713978 249636 SH SOLE 0 0 0 GENERAL MTRS CO COM 37045V100 4080617 54616 SH SOLE 0 0 0 GENPACT LIMITED SHS G3922B107 4075387 109092 SH SOLE 0 0 0 GOLDMINING INC COM 38149E101 479550 401996 SH SOLE 0 0 0 HARMONY BIOSCIENCES HLDGS IN COM 413197104 2939873 104658 SH SOLE 0 0 0 HARMONY GOLD MNG LTD SPONSORED ADR 413216300 1482115 96152 SH SOLE 0 0 0 HF SINCLAIR CORP COM 403949100 4703371 75170 SH SOLE 0 0 0 INCYTE CORP COM 45337C102 4471123 47368 SH SOLE 0 0 0 INDIVIOR PHARMACEUTICALS INC COM 45579U109 2758579 90247 SH SOLE 0 0 0 INFOSYS LTD SPONSORED ADR 456788108 4131841 304957 SH SOLE 0 0 0 INTEGRA RES CORP COM 45826T509 10767705 3985025 SH SOLE 0 0 0 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 21217634 291613 SH SOLE 0 0 0 INTERNATIONAL SEAWAYS INC COM Y41053102 921373 12606 SH SOLE 0 0 0 INTUIT COM 461202103 4020090 9271 SH SOLE 0 0 0 INVESCO LTD SHS G491BT108 2733240 112202 SH SOLE 0 0 0 ISHARES TR MSCI CHINA A 46434V514 1396506 40740 SH SOLE 0 0 0 JANUS HENDERSON GROUP PLC ORD SHS G4474Y214 3728626 72374 SH SOLE 0 0 0 JPMORGAN CHASE & CO COM 46625H100 2065054 7000 SH SOLE 0 0 0 KINROSS GOLD CORP COM 496902404 10175306 332440 SH SOLE 0 0 0 KODIAK GAS SVCS INC COM 50012A108 8648629 147870 SH SOLE 0 0 0 LAMAR ADVERTISING CO NEW CL A 512816109 42996688 338490 SH SOLE 0 0 0 LEAR CORP COM NEW 521865204 4668580 38448 SH SOLE 0 0 0 LENNAR CORP CL A 526057104 1792293 20580 SH SOLE 0 0 0 LIFE TIME GROUP HOLDINGS INC COMMON STOCK 53190C102 3113247 115235 SH SOLE 0 0 0 LINDE PLC SHS G54950103 4255827 8560 SH SOLE 0 0 0 LYONDELLBASELL INDUSTRIES NV SHS - A - N53745100 6294476 77910 SH SOLE 0 0 0 M/I HOMES INC COM 55305B101 6417139 52259 SH SOLE 0 0 0 M & T BK CORP COM 55261F104 829263 4000 SH SOLE 0 0 0 MAGNUM ICE CREAM CO NV ORD SHS N5505D105 11081167 755564 SH SOLE 0 0 0 MARKEL GROUP INC COM 570535104 787030 410 SH SOLE 0 0 0 MAXIMUS INC COM 577933104 4695774 73047 SH SOLE 0 0 0 MICROSOFT CORP COM 594918104 116361887 313446 SH SOLE 0 0 0 MOHAWK INDS INC COM 608190104 14248289 144300 SH SOLE 0 0 0 MURPHY USA INC COM 626755102 2240119 4522 SH SOLE 0 0 0 NATIONAL FUEL GAS CO COM 636180101 7760802 82360 SH SOLE 0 0 0 NEUROCRINE BIOSCIENCES INC COM 64125C109 4773785 36133 SH SOLE 0 0 0 NEWMONT CORP COM 651639106 14597129 134459 SH SOLE 0 0 0 NOVAGOLD RES INC COM NEW 66987E206 972725 108010 SH SOLE 0 0 0 OSISKO DEVELOPMENT CORP COM NEW 68828E809 3121100 957579 SH SOLE 0 0 0 PAGSEGURO DIGITAL LTD COM CL A G68707101 2001987 199225 SH SOLE 0 0 0 PAN AMERN SILVER CORP COM 697900108 9330463 170303 SH SOLE 0 0 0 PAYCHEX INC COM 704326107 7060367 76426 SH SOLE 0 0 0 PAYCOM SOFTWARE INC COM 70432V102 6731119 55224 SH SOLE 0 0 0 PAYLOCITY HLDG CORP COM 70438V106 2807802 25914 SH SOLE 0 0 0 PFIZER INC COM 717081103 32377486 1149753 SH SOLE 0 0 0 PHILIP MORRIS INTL INC COM 718172109 11918626 71879 SH SOLE 0 0 0 PITNEY BOWES INC COM 724479100 3641992 328645 SH SOLE 0 0 0 PNC FINL SVCS GROUP INC COM 693475105 30759129 147395 SH SOLE 0 0 0 RED ROCK RESORTS INC CL A 75700L108 2528777 47257 SH SOLE 0 0 0 ROYAL GOLD INC COM 780287108 11809184 46270 SH SOLE 0 0 0 SALESFORCE INC COM 79466L302 4099456 21898 SH SOLE 0 0 0 SCIENCE APPLICATIONS INTL CO COM 808625107 4136635 43455 SH SOLE 0 0 0 SFL CORPORATION LTD SHS G7738W106 3788248 350080 SH SOLE 0 0 0 SIGNET JEWELERS LIMITED SHS G81276100 19322547 227635 SH SOLE 0 0 0 SITEONE LANDSCAPE SUPPLY INC COM 82982L103 2498470 18718 SH SOLE 0 0 0 SKEENA RES LTD NEW COM 83056P715 11880406 399036 SH SOLE 0 0 0 SKYWEST COM 830879102 3225776 35030 SH SOLE 0 0 0 SLB LIMITED COM STK 806857108 79476780 1542086 SH SOLE 0 0 0 SMURFIT WESTROCK PLC SHS G8267P108 111349897 2786197 SH SOLE 0 0 0 SOLENO THERAPEUTICS INC COM 834203309 1567055 46673 SH SOLE 0 0 0 SOLVENTUM CORP COM SHS 83444M101 56319368 859993 SH SOLE 0 0 0 SPROUTS FMRS MKT INC COM 85208M102 2838441 36695 SH SOLE 0 0 0 SS&C TECH HLDGS COM 78467J100 3966547 58535 SH SOLE 0 0 0 SSR MINING IN COM 784730103 21571729 731624 SH SOLE 0 0 0 SUNCOR ENERGY INC NEW COM 867224107 66386135 1004062 SH SOLE 0 0 0 SUPER GROUP SGHC LIMITED ORD SHS G8588X103 2686140 248002 SH SOLE 0 0 0 PRICE T ROWE GROUP INC COM 74144T108 5085552 56256 SH SOLE 0 0 0 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 5295685 15625 SH SOLE 0 0 0 TARGET CORP COM 87612E106 2966582 24408 SH SOLE 0 0 0 TC ENERGY CORP COM 87807B107 7698542 123040 SH SOLE 0 0 0 TD SYNNEX CORPORATION COM 87162W100 6541697 38663 SH SOLE 0 0 0 SIMPLY GOOD FOODS CO COM 82900L102 4303524 299062 SH SOLE 0 0 0 TOLL BROTHERS INC COM 889478103 263325 1924 SH SOLE 0 0 0 TOPBUILD COR COM 89055F103 1930093 5478 SH SOLE 0 0 0 TRACTOR SUPPLY CO COM 892356106 2098482 46191 SH SOLE 0 0 0 THE TRADE DESK INC COM CL A 88339J105 2467162 108421 SH SOLE 0 0 0 TRAVEL PLUS LEISURE CO COM 894164102 520143 7496 SH SOLE 0 0 0 U HAUL HOLDING COMPANY COM SER N 023586506 13399535 299133 SH SOLE 0 0 0 UNION PAC CORP COM 907818108 41183392 169256 SH SOLE 0 0 0 URBAN OUTFITTERS INC COM 917047102 2766398 43543 SH SOLE 0 0 0 VALVOLINE INC COM 92047W101 2713129 80326 SH SOLE 0 0 0 VENTURE GLOBAL INC COM CL A 92333F101 7282970 460805 SH SOLE 0 0 0 VIRTU FINL INC CL A 928254101 3579154 81146 SH SOLE 0 0 0 VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS 92837L109 40333980 532920 SH SOLE 0 0 0 VIZSLA SILVER CORP COM NEW 92859G608 1655699 499777 SH SOLE 0 0 0 DISNEY WALT CO COM 254687106 5922941 61280 SH SOLE 0 0 0 WARBY PARKER INC CL A COM 93403J106 2203384 104274 SH SOLE 0 0 0 WARNER BROS DISCOVERY INC COM SER A 934423104 15451323 561089 SH SOLE 0 0 0 WAYFAIR INC CL A 94419L101 2373172 31465 SH SOLE 0 0 0 WELLS FARGO CO NEW COM 949746101 399197 5000 SH SOLE 0 0 0