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
Estimated average burden
hours per response: 23.8
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
ABERCROMBIE & FITCO CO CL A 002896207   2,773,766 30,270 SH   SOLE   0 0 0
ACADEMY SPORTS & OUTDOORS IN COM 00402L107   2,190,866 38,700 SH   SOLE   0 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101   4,172,581 20,983 SH   SOLE   0 0 0
ALCOA CORP COM 013872106   6,167,840 92,720 SH   SOLE   0 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   147,367,855 1,171,229 SH   SOLE   0 0 0
AMAZON COM INC COM 023135106   117,285,904 561,527 SH   SOLE   0 0 0
AMDOCS LTD SHS G02602103   4,115,309 62,880 SH   SOLE   0 0 0
ANGLOGOLD ASHANTI PLC COM SHS G0378L100   9,591,036 98,228 SH   SOLE   0 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108   3,130,645 45,000 SH   SOLE   0 0 0
ANI PHARMACEUTICALS INC COM 00182C103   4,642,026 60,191 SH   SOLE   0 0 0
ANTERO MIDSTREAM CORP COM 03676B102   8,011,048 350,360 SH   SOLE   0 0 0
APTIV PLC COM SHS G3265R107   2,737,512 39,310 SH   SOLE   0 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107   1,051,944 127,142 SH   SOLE   0 0 0
ARIS MNG CORP COM 04040Y109   34,758,271 1,872,533 SH   SOLE   0 0 0
ARMSTRONG WORLD INDS INC NEW COM 04247X102   2,250,083 13,615 SH   SOLE   0 0 0
ARROW ELECTRS INC COM 042735100   4,853,273 33,745 SH   SOLE   0 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108   3,605,113 98,783 SH   SOLE   0 0 0
ASHLAND INC COM 044186104   3,598,989 64,533 SH   SOLE   0 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103   2,760,177 13,546 SH   SOLE   0 0 0
AVNET INC COM 053807103   291,870 4,723 SH   SOLE   0 0 0
BANK AMERICA CORP COM 060505104   64,332,553 1,315,860 SH   SOLE   0 0 0
BARRICK GOLD CORP COM 06849F108   23,375,592 571,425 SH   SOLE   0 0 0
BCE INC COM NEW 05534B760   7,062,973 280,040 SH   SOLE   0 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   4,325,228 9,000 SH   SOLE   0 0 0
BEST BUY INC COM 086516101   4,557,992 70,792 SH   SOLE   0 0 0
BOISE CASCADE CO DEL COM 09739D100   2,485,845 32,680 SH   SOLE   0 0 0
BOOKING HOLDINGS INC COM 09857L108   25,953,199 6,147 SH   SOLE   0 0 0
BOOT BARN HLDGS INC COM 099406100   1,898,576 12,935 SH   SOLE   0 0 0
BOYD GAMING CORP COM 103304101   2,759,375 33,481 SH   SOLE   0 0 0
BP PLC SPONSORED ADR 055622104   98,890,774 2,098,006 SH   SOLE   0 0 0
BRINKER INTL INC COM 109641100   2,960,455 20,676 SH   SOLE   0 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   3,439,716 84,750 SH   SOLE   0 0 0
BROWN FORMAN CORP CL B 115637209   72,435,476 2,731,876 SH   SOLE   0 0 0
CANADIAN NATL RY CO COM 136375102   6,492,071 63,110 SH   SOLE   0 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   29,545,933 374,542 SH   SOLE   0 0 0
CARMAX INC COM 143130102   3,153,549 75,625 SH   SOLE   0 0 0
CENTERRA GOLD INC COM 152006102   12,993,077 730,816 SH   SOLE   0 0 0
CENTURY ALUM CO COM 156431108   2,934,149 49,850 SH   SOLE   0 0 0
CHAMPION HOMES INC COM 830830105   264,625 3,548 SH   SOLE   0 0 0
CHEESECAKE FACTORY INC COM 163072101   1,602,189 29,180 SH   SOLE   0 0 0
CHEVRON CORP NEW COM 166764100   2,282,458 11,000 SH   SOLE   0 0 0
CHOICE HOTELS INTL INC COM 169905106   3,050,664 29,389 SH   SOLE   0 0 0
COEUR MNG INC COM NEW 192108504   7,221,831 384,032 SH   SOLE   0 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102   4,262,719 69,284 SH   SOLE   0 0 0
COINBASE GLOBAL INC COM CL A 19260Q107   251,457,767 1,435,990 SH   SOLE   0 0 0
COMMERCIAL METALS CO COM 201723103   4,817,366 78,194 SH   SOLE   0 0 0
COOPER COS INC COM 216648501   15,500,766 216,171 SH   SOLE   0 0 0
COPA HOLDINGS SA CL A P31076105   5,024,525 44,099 SH   SOLE   0 0 0
CORE & MAIN INC CL A 21874C102   3,118,166 62,938 SH   SOLE   0 0 0
CSX CORP COM 126408103   6,101,552 148,210 SH   SOLE   0 0 0
D R HORTON INC COM 23331A109   262,983 1,911 SH   SOLE   0 0 0
DARDEN RESTAURANTS INC COM 237194105   1,765,089 8,978 SH   SOLE   0 0 0
DAVE INC CLASS A COM NEW 23834J201   2,416,247 13,841 SH   SOLE   0 0 0
DHT HOLDINGS INC SHS NEW Y2065G121   4,868,890 265,737 SH   SOLE   0 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301   103,677 11,033 SH   SOLE   0 0 0
DILLARDS INC CL A 254067101   1,969,455 3,433 SH   SOLE   0 0 0
DOLLAR GEN CORP COM 256677105   2,005,145 16,840 SH   SOLE   0 0 0
DOMINOS PIZZA INC COM 25754A201   2,213,993 6,153 SH   SOLE   0 0 0
DORMAN PRODS INC COM 258278100   3,978,072 38,011 SH   SOLE   0 0 0
DOUBLEVERIFY HLDGS INC COM 25862V105   5,830,613 612,017 SH   SOLE   0 0 0
DUPONT DE NEMOURS INC COM 26614N102   4,048,445 88,140 SH   SOLE   0 0 0
DYNATRACE INC COM NEW 268150109   4,192,879 113,055 SH   SOLE   0 0 0
EAGLE MATLS INC COM 26969P108   2,025,597 10,661 SH   SOLE   0 0 0
EASTMAN CHEM CO COM 277432100   4,189,684 54,740 SH   SOLE   0 0 0
ELDORADO GOLD CORP NEW COM 284902509   30,963,930 899,358 SH   SOLE   0 0 0
ELEMENT SOLUTIONS INC COM 28618M106   3,623,052 105,820 SH   SOLE   0 0 0
EPR PPTYS COM SH BEN INT 26884U109   324,674 6,480 SH   SOLE   0 0 0
EQUINOX GOLD CORP COM 29446Y502   59,699,196 4,126,835 SH   SOLE   0 0 0
EXELIXIS INC COM 30161Q104   5,072,292 117,923 SH   SOLE   0 0 0
EXXON MOBIL CORP COM 30231G102   54,737,261 321,706 SH   SOLE   0 0 0
FEDERATED HERMES INC CL B 314211103   4,715,392 82,909 SH   SOLE   0 0 0
FIRST SOLAR INC COM 336433107   2,986,947 15,099 SH   SOLE   0 0 0
FIVE BELOW INC COM 33829M101   287,340 1,254 SH   SOLE   0 0 0
FLEX LNG LTD SHS G35947202   4,308,744 144,610 SH   SOLE   0 0 0
FLOOR & DECOR HLDGS INC CL A 339750101   56,076,935 1,100,725 SH   SOLE   0 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106   891,040 8,000 SH   SOLE   0 0 0
FORTINET INC COM 34959E109   4,299,057 52,456 SH   SOLE   0 0 0
FORTUNE BRANDS INNOVATIONS I COM 34964C106   2,267,940 58,029 SH   SOLE   0 0 0
FOX CORP CL A COM 35137L105   6,182,847 105,568 SH   SOLE   0 0 0
FRANCO NEV CORP COM 351858105   1,070,331 4,320 SH   SOLE   0 0 0
FRANKLIN RESOURCES INC COM 354613101   3,459,334 146,037 SH   SOLE   0 0 0
FRONTLINE PLC COM M46528101   4,165,452 119,152 SH   SOLE   0 0 0
GALIANO GOLD INC COM 36352H100   33,072,257 13,224,532 SH   SOLE   0 0 0
GARRETT MOTION INC COM 366505105   3,752,877 205,949 SH   SOLE   0 0 0
GARTNER INC COM 366651107   4,193,398 26,408 SH   SOLE   0 0 0
GE AEROSPACE COM NEW 369604301   33,592,846 118,042 SH   SOLE   0 0 0
GEN DIGITAL INC COM 668771108   4,713,978 249,636 SH   SOLE   0 0 0
GENERAL MTRS CO COM 37045V100   4,080,617 54,616 SH   SOLE   0 0 0
GENPACT LIMITED SHS G3922B107   4,075,387 109,092 SH   SOLE   0 0 0
GOLDMINING INC COM 38149E101   479,550 401,996 SH   SOLE   0 0 0
HARMONY BIOSCIENCES HLDGS IN COM 413197104   2,939,873 104,658 SH   SOLE   0 0 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300   1,482,115 96,152 SH   SOLE   0 0 0
HF SINCLAIR CORP COM 403949100   4,703,371 75,170 SH   SOLE   0 0 0
INCYTE CORP COM 45337C102   4,471,123 47,368 SH   SOLE   0 0 0
INDIVIOR PHARMACEUTICALS INC COM 45579U109   2,758,579 90,247 SH   SOLE   0 0 0
INFOSYS LTD SPONSORED ADR 456788108   4,131,841 304,957 SH   SOLE   0 0 0
INTEGRA RES CORP COM 45826T509   10,767,705 3,985,025 SH   SOLE   0 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101   21,217,634 291,613 SH   SOLE   0 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102   921,373 12,606 SH   SOLE   0 0 0
INTUIT COM 461202103   4,020,090 9,271 SH   SOLE   0 0 0
INVESCO LTD SHS G491BT108   2,733,240 112,202 SH   SOLE   0 0 0
ISHARES TR MSCI CHINA A 46434V514   1,396,506 40,740 SH   SOLE   0 0 0
JANUS HENDERSON GROUP PLC ORD SHS G4474Y214   3,728,626 72,374 SH   SOLE   0 0 0
JPMORGAN CHASE & CO COM 46625H100   2,065,054 7,000 SH   SOLE   0 0 0
KINROSS GOLD CORP COM 496902404   10,175,306 332,440 SH   SOLE   0 0 0
KODIAK GAS SVCS INC COM 50012A108   8,648,629 147,870 SH   SOLE   0 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   42,996,688 338,490 SH   SOLE   0 0 0
LEAR CORP COM NEW 521865204   4,668,580 38,448 SH   SOLE   0 0 0
LENNAR CORP CL A 526057104   1,792,293 20,580 SH   SOLE   0 0 0
LIFE TIME GROUP HOLDINGS INC COMMON STOCK 53190C102   3,113,247 115,235 SH   SOLE   0 0 0
LINDE PLC SHS G54950103   4,255,827 8,560 SH   SOLE   0 0 0
LYONDELLBASELL INDUSTRIES NV SHS - A - N53745100   6,294,476 77,910 SH   SOLE   0 0 0
M/I HOMES INC COM 55305B101   6,417,139 52,259 SH   SOLE   0 0 0
M & T BK CORP COM 55261F104   829,263 4,000 SH   SOLE   0 0 0
MAGNUM ICE CREAM CO NV ORD SHS N5505D105   11,081,167 755,564 SH   SOLE   0 0 0
MARKEL GROUP INC COM 570535104   787,030 410 SH   SOLE   0 0 0
MAXIMUS INC COM 577933104   4,695,774 73,047 SH   SOLE   0 0 0
MICROSOFT CORP COM 594918104   116,361,887 313,446 SH   SOLE   0 0 0
MOHAWK INDS INC COM 608190104   14,248,289 144,300 SH   SOLE   0 0 0
MURPHY USA INC COM 626755102   2,240,119 4,522 SH   SOLE   0 0 0
NATIONAL FUEL GAS CO COM 636180101   7,760,802 82,360 SH   SOLE   0 0 0
NEUROCRINE BIOSCIENCES INC COM 64125C109   4,773,785 36,133 SH   SOLE   0 0 0
NEWMONT CORP COM 651639106   14,597,129 134,459 SH   SOLE   0 0 0
NOVAGOLD RES INC COM NEW 66987E206   972,725 108,010 SH   SOLE   0 0 0
OSISKO DEVELOPMENT CORP COM NEW 68828E809   3,121,100 957,579 SH   SOLE   0 0 0
PAGSEGURO DIGITAL LTD COM CL A G68707101   2,001,987 199,225 SH   SOLE   0 0 0
PAN AMERN SILVER CORP COM 697900108   9,330,463 170,303 SH   SOLE   0 0 0
PAYCHEX INC COM 704326107   7,060,367 76,426 SH   SOLE   0 0 0
PAYCOM SOFTWARE INC COM 70432V102   6,731,119 55,224 SH   SOLE   0 0 0
PAYLOCITY HLDG CORP COM 70438V106   2,807,802 25,914 SH   SOLE   0 0 0
PFIZER INC COM 717081103   32,377,486 1,149,753 SH   SOLE   0 0 0
PHILIP MORRIS INTL INC COM 718172109   11,918,626 71,879 SH   SOLE   0 0 0
PITNEY BOWES INC COM 724479100   3,641,992 328,645 SH   SOLE   0 0 0
PNC FINL SVCS GROUP INC COM 693475105   30,759,129 147,395 SH   SOLE   0 0 0
RED ROCK RESORTS INC CL A 75700L108   2,528,777 47,257 SH   SOLE   0 0 0
ROYAL GOLD INC COM 780287108   11,809,184 46,270 SH   SOLE   0 0 0
SALESFORCE INC COM 79466L302   4,099,456 21,898 SH   SOLE   0 0 0
SCIENCE APPLICATIONS INTL CO COM 808625107   4,136,635 43,455 SH   SOLE   0 0 0
SFL CORPORATION LTD SHS G7738W106   3,788,248 350,080 SH   SOLE   0 0 0
SIGNET JEWELERS LIMITED SHS G81276100   19,322,547 227,635 SH   SOLE   0 0 0
SITEONE LANDSCAPE SUPPLY INC COM 82982L103   2,498,470 18,718 SH   SOLE   0 0 0
SKEENA RES LTD NEW COM 83056P715   11,880,406 399,036 SH   SOLE   0 0 0
SKYWEST COM 830879102   3,225,776 35,030 SH   SOLE   0 0 0
SLB LIMITED COM STK 806857108   79,476,780 1,542,086 SH   SOLE   0 0 0
SMURFIT WESTROCK PLC SHS G8267P108   111,349,897 2,786,197 SH   SOLE   0 0 0
SOLENO THERAPEUTICS INC COM 834203309   1,567,055 46,673 SH   SOLE   0 0 0
SOLVENTUM CORP COM SHS 83444M101   56,319,368 859,993 SH   SOLE   0 0 0
SPROUTS FMRS MKT INC COM 85208M102   2,838,441 36,695 SH   SOLE   0 0 0
SS&C TECH HLDGS COM 78467J100   3,966,547 58,535 SH   SOLE   0 0 0
SSR MINING IN COM 784730103   21,571,729 731,624 SH   SOLE   0 0 0
SUNCOR ENERGY INC NEW COM 867224107   66,386,135 1,004,062 SH   SOLE   0 0 0
SUPER GROUP SGHC LIMITED ORD SHS G8588X103   2,686,140 248,002 SH   SOLE   0 0 0
PRICE T ROWE GROUP INC COM 74144T108   5,085,552 56,256 SH   SOLE   0 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   5,295,685 15,625 SH   SOLE   0 0 0
TARGET CORP COM 87612E106   2,966,582 24,408 SH   SOLE   0 0 0
TC ENERGY CORP COM 87807B107   7,698,542 123,040 SH   SOLE   0 0 0
TD SYNNEX CORPORATION COM 87162W100   6,541,697 38,663 SH   SOLE   0 0 0
SIMPLY GOOD FOODS CO COM 82900L102   4,303,524 299,062 SH   SOLE   0 0 0
TOLL BROTHERS INC COM 889478103   263,325 1,924 SH   SOLE   0 0 0
TOPBUILD COR COM 89055F103   1,930,093 5,478 SH   SOLE   0 0 0
TRACTOR SUPPLY CO COM 892356106   2,098,482 46,191 SH   SOLE   0 0 0
THE TRADE DESK INC COM CL A 88339J105   2,467,162 108,421 SH   SOLE   0 0 0
TRAVEL PLUS LEISURE CO COM 894164102   520,143 7,496 SH   SOLE   0 0 0
U HAUL HOLDING COMPANY COM SER N 023586506   13,399,535 299,133 SH   SOLE   0 0 0
UNION PAC CORP COM 907818108   41,183,392 169,256 SH   SOLE   0 0 0
URBAN OUTFITTERS INC COM 917047102   2,766,398 43,543 SH   SOLE   0 0 0
VALVOLINE INC COM 92047W101   2,713,129 80,326 SH   SOLE   0 0 0
VENTURE GLOBAL INC COM CL A 92333F101   7,282,970 460,805 SH   SOLE   0 0 0
VIRTU FINL INC CL A 928254101   3,579,154 81,146 SH   SOLE   0 0 0
VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS 92837L109   40,333,980 532,920 SH   SOLE   0 0 0
VIZSLA SILVER CORP COM NEW 92859G608   1,655,699 499,777 SH   SOLE   0 0 0
DISNEY WALT CO COM 254687106   5,922,941 61,280 SH   SOLE   0 0 0
WARBY PARKER INC CL A COM 93403J106   2,203,384 104,274 SH   SOLE   0 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   15,451,323 561,089 SH   SOLE   0 0 0
WAYFAIR INC CL A 94419L101   2,373,172 31,465 SH   SOLE   0 0 0
WELLS FARGO CO NEW COM 949746101   399,197 5,000 SH   SOLE   0 0 0