0001573913-23-000003.txt : 20230503 0001573913-23-000003.hdr.sgml : 20230503 20230503141401 ACCESSION NUMBER: 0001573913-23-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230503 DATE AS OF CHANGE: 20230503 EFFECTIVENESS DATE: 20230503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Foundry Partners, LLC CENTRAL INDEX KEY: 0001573913 IRS NUMBER: 461184506 STATE OF INCORPORATION: DE FISCAL YEAR END: 1213 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-15710 FILM NUMBER: 23883069 BUSINESS ADDRESS: STREET 1: 323 WASHINGTON AVE NORTH STREET 2: SUITE 360 CITY: MINNEAPOLIS STATE: MN ZIP: 55401 BUSINESS PHONE: 612-376-2800 MAIL ADDRESS: STREET 1: 323 WASHINGTON AVE NORTH STREET 2: SUITE 360 CITY: MINNEAPOLIS STATE: MN ZIP: 55401 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001573913 XXXXXXXX 03-31-2023 03-31-2023 Foundry Partners, LLC

323 WASHINGTON AVE NORTH SUITE 360 MINNEAPOLIS MN 55401

13F HOLDINGS REPORT 028-15710 000164863 028-15710 N Sarah Schmidt 859-203-4734 Sarah Schmidt Covington KY 05-03-2023 0 311 1586498178 false INFORMATION TABLE 2 13F_Q1_2023.xml ALEXANDER & BALDWIN INC COM 014491104 532241 28146 SH SOLE 7306 0 20840 ALPINE INCOME COM 02083X103 3484736 207055 SH SOLE 74445 0 132610 APPLE HOSPITALITY REIT COM 03784Y200 4469776 288001 SH SOLE 288001 0 0 CHATHAM LODGING TRUST COM 16208T102 1826361 174105 SH SOLE 63730 0 110375 COMMUNITY HEALTHCARE TRUST COM 20369C106 5348907 146145 SH SOLE 51880 0 94265 CORECIVIC INC COM 21871N101 4931862 536072 SH SOLE 536072 0 0 CTO REALTY GROWTH COM 22948Q101 4846159 280774 SH SOLE 99948 0 180826 DIAMONDROCK HOSPITALITY COM 252784301 214632 26400 SH SOLE 0 0 26400 EMPIRE STATE REALTY TRUST INC COM 292104106 4200451 647219 SH SOLE 647219 0 0 ESSENTIAL PROPERTIES REALTY COM 29670E107 448170 18035 SH SOLE 5550 0 12485 LTC PROPERTIES INC COM 502175102 259084 7375 SH SOLE 0 0 7375 MID-AMER APARTMENT COM 59522J103 11374067 75305 SH SOLE 52895 0 22410 NEWMARK GROUP INC COM 65158N102 3867577 546268 SH SOLE 546268 0 0 OUTFRONT MEDIA INC COM 69007J106 197113 12145 SH SOLE 0 0 12145 PHILLIPS EDISON COM 71844V201 244813 7505 SH SOLE 0 0 7505 POSTAL REALTY TRUST COM 73757R102 1462338 96080 SH SOLE 34400 0 61680 SIMON PROPERTY GROUP INC COM 828806109 20204651 180447 SH SOLE 123987 0 56460 SUMMIT HOTEL PROPERTIES INC COM 866082100 2554307 364901 SH SOLE 364901 0 0 W P CAREY INC COM 92936U109 11014010 142208 SH SOLE 99933 0 42275 ABBVIE INC COM 00287Y109 513968 3225 SH SOLE 0 0 3225 ACCO BRANDS CORP COM 00081T108 3347844 629294 SH SOLE 225479 0 403815 ACCURAY INC COM 004397105 5160158 1737427 SH SOLE 626352 0 1111075 ADTRAN HOLDINGS COM 00486H105 4136462 260811 SH SOLE 92337 0 168474 ADVANSIX INC COM 00773T101 3410469 89116 SH SOLE 89116 0 0 AES CORP COM 00130H105 24038029 998257 SH SOLE 689882 0 308375 AGCO CORP COM 001084102 309338 2288 SH SOLE 669 0 1619 AGILENT TECHNOLOGIES INC COM 00846U101 459012 3318 SH SOLE 971 0 2347 ALAMOS GOLD INC COM 011532108 6823985 557971 SH SOLE 532346 0 25625 ALBEMARLE CORP COM 012653101 339075 1534 SH SOLE 447 0 1087 ALLISON TRANS HOLDINGS COM 01973R101 7260613 160491 SH SOLE 160491 0 0 ALLSTATE CORP COM 020002101 9688229 87431 SH SOLE 61431 0 26000 ALPHABET INC A COM 02079K305 549769 5300 SH SOLE 0 0 5300 ALTA EQUIPMENT GROUP COM 02128L106 3698930 233371 SH SOLE 82152 0 151219 ALTRIA GROUP COM 02209S103 24956055 559302 SH SOLE 383177 0 176125 AMAZON.COM COM 023135106 237567 2300 SH SOLE 0 0 2300 AMERANT BANCORP COM 023576101 3005600 138125 SH SOLE 49600 0 88525 AMERICAN PUBLIC EDUCATION COM 02913V103 429362 79218 SH SOLE 26607 0 52611 AMERIPRISE FINANCIAL COM 03076C106 26181536 85421 SH SOLE 58666 0 26755 AMERISAFE INC COM 03071H100 3733416 76270 SH SOLE 27310 0 48960 AMPHENOL CORP-CL A COM 032095101 1136317 13905 SH SOLE 1567 0 12338 ANTERO RESOURCES COM 03674X106 321436 13921 SH SOLE 997 0 12924 APPLE INC COM 037833100 566431 3435 SH SOLE 0 0 3435 APPLIED INDUSTRIAL TECH COM 03820C105 422837 2975 SH SOLE 0 0 2975 ARISTA NETWORKS INC COM 040413106 448690 2673 SH SOLE 782 0 1891 ARTESIAN RESOURCES CORP COM 043113208 3066667 55395 SH SOLE 17594 0 37801 ASPEN TECHNOLOGY INC COM 29109X106 202779 886 SH SOLE 259 0 627 ASSOCIATED BANC CORP COM 045487105 391281 21762 SH SOLE 6847 0 14915 AT & T INC COM COM 00206R102 22587642 1173384 SH SOLE 824434 0 348950 AVANOS MEDICAL COM 05350V106 3854899 129620 SH SOLE 120200 0 9420 AXOS FINANCIAL INC COM 05465C100 459986 12459 SH SOLE 2674 0 9785 AXT INC COM 00246W103 1134280 284995 SH SOLE 102115 0 182880 BABCOCK & WILCOX COM 05614L209 1544912 254936 SH SOLE 91791 0 163145 BANC OF CALIFORNIA COM 05990K106 3778660 301569 SH SOLE 107064 0 194505 BANK OF NEW YORK MELLON COM 064058100 14749506 324593 SH SOLE 228093 0 96500 BANNER CORP COM 06652V208 492483 9058 SH SOLE 2493 0 6565 BAR HARBOR BANKSHARES COM 066849100 2618418 98995 SH SOLE 35330 0 63665 BARRETT BUSINESS SVCS INC COM 068463108 5228874 58990 SH SOLE 21135 0 37855 BEAZER HOMES USA COM 07556Q881 1202910 75750 SH SOLE 26935 0 48815 BENCHMARK ELECTRONICS COM 08160H101 2813187 118750 SH SOLE 42325 0 76425 BERRY CORP COM 08579X101 2834635 361100 SH SOLE 361100 0 0 BIO-TECHNE CORP COM 09073M104 344687 4646 SH SOLE 1112 0 3534 BIOGEN INC COM 09062X103 18003277 64753 SH SOLE 45533 0 19220 BIOMARIN PHARMACEUTICAL COM 09061G101 310001 3188 SH SOLE 933 0 2255 BLUELINX HLDGS INC COM COM 09624H208 2818165 41468 SH SOLE 41468 0 0 BORGWARNER INC COM 099724106 12466721 253853 SH SOLE 178378 0 75475 BRIDGEWATER BANCSHARES COM 108621103 744220 68655 SH SOLE 24490 0 44165 BROWN & BROWN INC COM COM 115236101 249260 4341 SH SOLE 1270 0 3071 BUILD A BEAR WORKSHOP COM COM 120076104 3107304 133705 SH SOLE 133705 0 0 CADENCE DESIGN SYS INC COM 127387108 563671 2683 SH SOLE 785 0 1898 CAESARS ENTERTAINMENT COM 12769G100 231359 4740 SH SOLE 1386 0 3354 CARPENTER TECHNOLOGY COM 144285103 490749 10964 SH SOLE 2664 0 8300 CASS INFORMATION SYS COM COM 14808P109 4282276 98875 SH SOLE 35465 0 63410 CATERPILLAR INC COM 149123101 17792768 77752 SH SOLE 53247 0 24505 CECO ENVIRONMENTAL COM 125141101 2131097 152330 SH SOLE 54535 0 97795 CELESTICA INC SUB VTG SHS COM 15101Q108 3413714 264629 SH SOLE 264629 0 0 CENTURY CASINOS INC COM 156492100 3470352 473445 SH SOLE 170855 0 302590 CF INDUSTRIES HOLDINGS INC COM 125269100 5784485 79797 SH SOLE 56047 0 23750 CHIPOTLE MEXICAN GRILL COM 169656105 302367 177 SH SOLE 52 0 125 CHORD ENERGY COM 674215207 5197310 38613 SH SOLE 38613 0 0 CIRCOR INTL COM 17273K109 3797262 122020 SH SOLE 43755 0 78265 CISCO SYSTEMS COM 17275R102 14782115 282776 SH SOLE 191951 0 90825 CITIGROUP INC COM 172967424 20580115 438902 SH SOLE 308427 0 130475 CITIZENS FINANCIAL GROUP COM 174610105 8780240 289109 SH SOLE 203084 0 86025 CIVITAS RESOURCES COM 17888H103 327690 4795 SH SOLE 1640 0 3155 COCA-COLA EUROPACIFIC COM G25839104 13859871 234159 SH SOLE 164509 0 69650 COHU INC COM 192576106 5809405 151326 SH SOLE 144871 0 6455 COLLEGIUM PHARMACEUTICAL COM 19459J104 3274155 136480 SH SOLE 136480 0 0 COLUMBIA BANKING SYSTEM INC COM 197236102 2799594 130700 SH SOLE 130700 0 0 COLUMBUS MCKINNON COM 199333105 5549846 149350 SH SOLE 50685 0 98665 COMCAST CORP-CLASS A COM 20030N101 18706765 493452 SH SOLE 346752 0 146700 COMPUTER PROG & SYSTEMS COM 205306103 5778287 191334 SH SOLE 67669 0 123665 COMPUTER TASK GROUP COM 205477102 1307704 180373 SH SOLE 64511 0 115862 COMSTOCK RESOURCES INC COM 205768302 3956650 366696 SH SOLE 366696 0 0 CONOCOPHILLIPS COM 20825C104 12520500 126202 SH SOLE 88677 0 37525 CONSTELLATION ENERGY COM 21037T109 9325721 118799 SH SOLE 83468 0 35331 COVENANT LOGISTICS COM 22284P105 2847166 80383 SH SOLE 80383 0 0 CRA INTERNATIONAL COM 12618T105 5261077 48795 SH SOLE 17505 0 31290 CRAWFORD & COMPANY CLASS A COM 224633206 1374844 164455 SH SOLE 58741 0 105714 CROSS COUNTRY HEALTH COM 227483104 2767122 123975 SH SOLE 44445 0 79530 CVR PARTNERS LP COM 126633205 4706928 52786 SH SOLE 52786 0 0 CVS HEALTH COM 126650100 18443370 248195 SH SOLE 170855 0 77340 DARDEN RESTAURANTS INC COM 237194105 19001514 122464 SH SOLE 86039 0 36425 DELTA AIRLINES COM 247361702 14653130 419620 SH SOLE 294845 0 124775 DELUXE CORP COM COM 248019101 2506992 156687 SH SOLE 156687 0 0 DEXCOM INC COM 252131107 521067 4485 SH SOLE 1312 0 3173 DIME COMMUNITY BANCSHARES COM 25432X102 3285312 144600 SH SOLE 48951 0 95649 DOMINO'S PIZZA INC COM 25754A201 220353 668 SH SOLE 195 0 473 DONEGAL GROUP INC - CL A COM 257701201 3910992 255955 SH SOLE 91705 0 164250 DR HORTON INC COM 23331A109 235531 2411 SH SOLE 703 0 1708 DRIL-QUIP INC COM 262037104 3615944 126035 SH SOLE 43210 0 82825 DUCOMMUN INC COM 264147109 6227639 113830 SH SOLE 39910 0 73920 EARTHSTONE ENERGY COM 27032D304 139142 10695 SH SOLE 0 0 10695 EDGEWELL PERSONAL CARE COM 28035Q102 335076 7899 SH SOLE 1669 0 6230 EDWARDS LIFESCIENCES CORP COM 28176E108 364012 4400 SH SOLE 0 0 4400 ELEVANCE HEALTH, INC COM 036752103 21059758 45801 SH SOLE 32171 0 13630 EMERSON ELECTRIC CO COM 291011104 13224279 151759 SH SOLE 102234 0 49525 ENACT HOLDINGS INC COM 29249E109 2608966 114128 SH SOLE 114128 0 0 ENERPLUS CORPORATION COM 292766102 5224749 362578 SH SOLE 362578 0 0 ENERSYS COM 29275Y102 454817 5235 SH SOLE 0 0 5235 ENHABIT INC COM 29332G102 3618826 260160 SH SOLE 93200 0 166960 ENOVA HOLDINGS INC COM 29357K103 4753788 106995 SH SOLE 106995 0 0 ENTRAVISION COMM A COM 29382R107 3272445 540900 SH SOLE 192780 0 348120 EOG RESOURCES COM 26875P101 481446 4200 SH SOLE 0 0 4200 EPAM SYSTEMS INC COM 29414B104 286741 959 SH SOLE 280 0 679 ETHAN ALLEN INTERIORS INC COM 297602104 4774827 173883 SH SOLE 173883 0 0 EVEREST RE GROUP LTD COM COM G3223R108 218750 611 SH SOLE 178 0 433 EVOLUTION PETROLEUM COM 30049A107 2616120 414599 SH SOLE 148812 0 265787 EXELON CORP COM COM 30161N101 26838378 640687 SH SOLE 450187 0 190500 FAIR ISAAC CORP COM 303250104 887497 1263 SH SOLE 211 0 1052 FEDERAL AGRIC MTG C COM 313148306 6022186 45215 SH SOLE 15600 0 29615 FIRST BANCORP INC ME COM 31866P102 1763238 68105 SH SOLE 24230 0 43875 FIRST BANK COM 31931U102 897233 88835 SH SOLE 31710 0 57125 FIRST FINANCIAL COM 320218100 2068896 55200 SH SOLE 19730 0 35470 FIRST INTERNET BANC COM 320557101 1074258 64520 SH SOLE 23245 0 41275 FIVE BELOW COM 33829M101 362095 1758 SH SOLE 514 0 1244 FORTINET INC COM 34959E109 401817 6046 SH SOLE 1771 0 4275 FRESH DEL MONTE PRODUCE COM G36738105 3303248 109706 SH SOLE 109706 0 0 GENERAC HOLDINGS INC COM 368736104 292059 2704 SH SOLE 788 0 1916 GENWORTH FINANCIAL INC-CL A COM 37247D106 2982256 594075 SH SOLE 594075 0 0 GILEAD SCIENCES COM 375558103 25734058 310161 SH SOLE 217961 0 92200 GLOBAL SHIP LEASE INC CL A COM Y27183600 5295905 282599 SH SOLE 97104 0 185495 GOLDMAN SACHS COM 38141G104 14075216 43029 SH SOLE 29204 0 13825 GREENHILL & CO INC COM 395259104 1073004 120970 SH SOLE 40640 0 80330 GROUP 1 AUTOMOTIVE INC COM 398905109 3266335 14426 SH SOLE 14426 0 0 GUESS INC COM 401617105 3909339 200891 SH SOLE 200891 0 0 HANCOCK WHITNEY CORP COM 410120109 5125193 140802 SH SOLE 136422 0 4380 HANMI FINANCIAL CORP COM 410495204 844285 45465 SH SOLE 16275 0 29190 HARTFORD FINANCIAL SERVICES COM 416515104 16260350 233324 SH SOLE 163899 0 69425 HAWKINS INC COM 420261109 3159121 72159 SH SOLE 26235 0 45924 HAYNES INTERNATIONAL COM 420877201 4770071 95230 SH SOLE 34180 0 61050 HELIX ENERGY SOLUTIONS COM 42330P107 4731075 611250 SH SOLE 218603 0 392647 HERSHEY COMPANY COM 427866108 356937 1403 SH SOLE 410 0 993 HESS CORP COM 42809H107 229742 1736 SH SOLE 506 0 1230 HILLENBRAND INC COM 431571108 5015461 105522 SH SOLE 105522 0 0 HOME DEPOT INC COM 437076102 450058 1525 SH SOLE 0 0 1525 HOMETRUST BANCSHARES COM 437872104 3055062 124240 SH SOLE 44350 0 79890 HOPE BANCORP COM 43940T109 2655711 270439 SH SOLE 270439 0 0 HORACE MANN EDUCATORS COM 440327104 512780 15316 SH SOLE 3921 0 11395 HORIZON BANCORP INC COM 440407104 856254 77419 SH SOLE 27734 0 49685 HOWMET AEROSPACE COM 443201108 361035 8521 SH SOLE 2493 0 6028 HUBSPOT INC COM 443573100 217376 507 SH SOLE 146 0 361 HUDBAY MINERALS INC COM 443628102 4466521 850766 SH SOLE 850766 0 0 HUDSON TECHNOLOGIES COM COM 444144109 3185586 364901 SH SOLE 364901 0 0 HUNTINGTON BANCSHARES INC COM 446150104 12924654 1153987 SH SOLE 810837 0 343150 HUNTINGTON INGALLS COM 446413106 15927291 76936 SH SOLE 54051 0 22885 IDEXX LABORATORIES INC COM 45168D104 572592 1145 SH SOLE 335 0 810 IDT CORP CL B COM 448947507 4308564 126425 SH SOLE 43060 0 83365 IMAX CORP COM 45245E109 6358515 331518 SH SOLE 115643 0 215875 INDEPENDENT BANK MI COM 453838609 3925304 220895 SH SOLE 79460 0 141435 INGLES MARKETS INC - CL A COM 457030104 5046409 56893 SH SOLE 56893 0 0 INSPIRED ENTERTAINMENT COM 45782N108 3683008 287960 SH SOLE 103155 0 184805 INTEGER HOLDINGS CORP COM 45826H109 531417 6857 SH SOLE 1897 0 4960 INTERNATIONAL MONEY EXPRESS IN COM 46005L101 5298306 205520 SH SOLE 205520 0 0 INTERNATIONAL SEAWAYS INC COM Y41053102 221696 5319 SH SOLE 1534 0 3785 INTERPUBLIC GROUP OF COS INC COM 460690100 10561041 283594 SH SOLE 199244 0 84350 INTL BUSINESS MACHINES CORP COM 459200101 17148932 130818 SH SOLE 91918 0 38900 INTREPID POTASH INC COM 46121Y201 2960266 107256 SH SOLE 37088 0 70168 IRONWOOOD PHARMA CL A COM 46333X108 4790966 455415 SH SOLE 455415 0 0 JABIL INC COM 466313103 12714347 144219 SH SOLE 101344 0 42875 JAMES RIVER GROUP HOLDINGS COM G5005R107 5588303 270620 SH SOLE 93955 0 176665 JOHNSON & JOHNSON COM 478160104 23453050 151310 SH SOLE 103935 0 47375 JPMORGAN CHASE COM 46625H100 39567719 303643 SH SOLE 209908 0 93735 JUNIPER NETWORKS INC COM 48203R104 16097442 467677 SH SOLE 328652 0 139025 KB HOME COM 48666K109 2847316 70864 SH SOLE 70864 0 0 KELLY SERVICES INC -A COM 488152208 1889103 113870 SH SOLE 41105 0 72765 KEMPER CORP COM 488401100 389999 7135 SH SOLE 1550 0 5585 KEYSIGHT TECHNOLOGIES COM 49338L103 399663 2475 SH SOLE 723 0 1752 KIMBALL ELECTRONICS COM 49428J109 3005149 124695 SH SOLE 44320 0 80375 KLA CORP COM 482480100 243893 611 SH SOLE 178 0 433 KONTOOR BRANDS COM 50050N103 4143055 85618 SH SOLE 85618 0 0 KROGER CO COM 501044101 24272810 491651 SH SOLE 339441 0 152210 LAKELAND BANCORP COM 511637100 3619174 231405 SH SOLE 83120 0 148285 LAM RESEARCH CORP COM 512807108 8956377 16895 SH SOLE 11350 0 5545 LANDSEA HOMES CORP COM 51509P103 1972524 325499 SH SOLE 109467 0 216032 LAZARD LTD-CL A COM G54050102 5440668 164321 SH SOLE 164321 0 0 LENNOX INTL INC COM 526107107 292741 1165 SH SOLE 341 0 824 LKQ CORP COM 501889208 20485025 360906 SH SOLE 253556 0 107350 LULULEMON ATHLETICA INC COM 550021109 785922 2158 SH SOLE 346 0 1812 LUTHER BURBANK CORP COM 550550107 2614442 275785 SH SOLE 98990 0 176795 MERCER INTL INC COM 588056101 3196806 327039 SH SOLE 327039 0 0 MERCK & CO COM 58933Y105 19831734 186406 SH SOLE 130991 0 55415 META PLATFORMS INC COM 30303M102 24392387 115091 SH SOLE 79801 0 35290 MGE ENERGY INC COM COM 55277P104 339806 4375 SH SOLE 0 0 4375 MGIC INVT CORP WIS COM 552848103 6697479 499067 SH SOLE 499067 0 0 MICROSOFT CORP COM 594918104 439657 1525 SH SOLE 0 0 1525 MINERALS TECHNOLOGIES INC COM 603158106 4000831 66217 SH SOLE 62337 0 3880 MISTRAS GROUP COM 60649T107 1823888 269010 SH SOLE 96150 0 172860 MOLSON COORS BEVERAGE - CL B COM 60871R209 9956565 192658 SH SOLE 135383 0 57275 MONOLITHIC POWER SYSTEMS COM 609839105 424458 848 SH SOLE 216 0 632 MOOG INC CL A COM 615394202 5666381 56242 SH SOLE 51867 0 4375 MOSAIC CO/THE COM 61945C103 9274550 202148 SH SOLE 135344 0 66804 MOVADO GROUP INC COM COM 624580106 2227834 77436 SH SOLE 77436 0 0 MSCI INC COM 55354G100 451110 806 SH SOLE 236 0 570 MURPHY OIL CORP COM 626717102 2425555 65591 SH SOLE 65591 0 0 MYERS INDS INC COM 628464109 2864505 133668 SH SOLE 47407 0 86261 NATIONAL FUEL GAS CO COM 636180101 7782082 134778 SH SOLE 134778 0 0 NATURAL GROCERS COM 63888U108 3233858 275222 SH SOLE 98620 0 176602 NORTHEAST BANCORP COM 66405S100 2617772 77771 SH SOLE 28217 0 49554 NORTHWEST PIPE COM 667746101 5206666 166720 SH SOLE 59675 0 107045 NORTHWESTERN CORP COM 668074305 228258 3945 SH SOLE 0 0 3945 NORTWEST NATURAL HOLDING COM 66765N105 657850 13832 SH SOLE 3507 0 10325 NOW INC COM 67011P100 1997378 179137 SH SOLE 64187 0 114950 NVE CORP COM 629445206 2022466 24370 SH SOLE 8725 0 15645 NVIDIA CORP COM 67066G104 659704 2375 SH SOLE 0 0 2375 O'REILLY AUTOMOTIVE INC COM 67103H107 394776 465 SH SOLE 136 0 329 OCEANFIRST FINL CORP COM 675234108 326579 17672 SH SOLE 5152 0 12520 OIL-DRI CORP OF AMERICA COM 677864100 3912588 94030 SH SOLE 33720 0 60310 OIL STATES INTL COM 678026105 7450127 894373 SH SOLE 651963 0 242410 OLD DOMINION FREIGHT COM 679580100 385149 1130 SH SOLE 330 0 800 OLD NATIONAL BANCORP COM 680033107 335352 23256 SH SOLE 6666 0 16590 ON SEMICONDUCTOR CORP COM 682189105 444940 5405 SH SOLE 1581 0 3824 ONE GAS INC COM 68235P108 381096 4810 SH SOLE 0 0 4810 ORACLE CORPORATION COM 68389X105 12441895 133899 SH SOLE 91399 0 42500 OSI SYSTEMS INC COM 671044105 5753553 56209 SH SOLE 56209 0 0 PACKAGING CORP OF AMERICA COM 695156109 10881079 78377 SH SOLE 55087 0 23290 PAN AMERICAN SILVER CORP COM 697900108 4262986 234230 SH SOLE 234230 0 0 PATHWARD FINANCIAL COM 59100U108 3575940 86188 SH SOLE 86188 0 0 PATTERSON COS INC COM 703395103 475167 17750 SH SOLE 4270 0 13480 PC-TEL INC COM 69325Q105 850484 201060 SH SOLE 72410 0 128650 PEOPLES BANCORP INC COM 709789101 3065409 119045 SH SOLE 42545 0 76500 PHILLIPS 66 COM 718546104 16579787 163541 SH SOLE 114916 0 48625 PHOTRONICS COM 719405102 5041812 304090 SH SOLE 304090 0 0 PREMIER FINANCIAL CORP COM 74052F108 3997366 192830 SH SOLE 65865 0 126965 PRESTIGE CONSUMER HEALTH COM 74112D101 535612 8552 SH SOLE 1842 0 6710 PRIMIS FINANCIAL CORP COM 74167B109 3497712 363210 SH SOLE 130345 0 232865 PRIMO WATER CORP COM 74167P108 5157815 336014 SH SOLE 336014 0 0 PROGRESS SOFTWARE CORP COM COM 743312100 4159667 72405 SH SOLE 72405 0 0 PRUDENTIAL FINANCIAL COM 744320102 17205618 207948 SH SOLE 142543 0 65405 RAMACO RESOURCES INC COM 75134P303 2169947 246305 SH SOLE 83850 0 162455 REPLIGEN CORP COM 759916109 270049 1604 SH SOLE 469 0 1135 ROCKWELL AUTOMATION COM 773903109 437240 1490 SH SOLE 436 0 1054 RUMBLEON INC COM 781386305 1557505 257014 SH SOLE 87285 0 169729 SANDY SPRING BANCORP COM COM 800363103 2499796 96220 SH SOLE 96220 0 0 SANFILLIPPO JOHN B SON COM COM 800422107 2917680 30104 SH SOLE 30104 0 0 SANMINA SCI CORP COM 801056102 5624620 92222 SH SOLE 92222 0 0 SAPIENS INTERNATIONAL CORP COM G7T16G103 1754607 80783 SH SOLE 80783 0 0 SCHLUMBERGER LTD COM 806857108 13494595 274839 SH SOLE 193089 0 81750 SCIENCE APPLICATIONS INTL COM 808625107 6846492 63712 SH SOLE 63712 0 0 SEAGEN INC COM 81181C104 450293 2224 SH SOLE 650 0 1574 SELECT MEDICAL HOLDINGS COM 81619Q105 4756141 183990 SH SOLE 171190 0 12800 SENECA FOODS CORP COM 817070501 4312536 82505 SH SOLE 29530 0 52975 SHOE CARNIVAL COM 824889109 7909075 308346 SH SOLE 183121 0 125225 SHYFT GROUP INC COM 825698103 4294631 188775 SH SOLE 67650 0 121125 SIERRA BANCORP COM 82620P102 2420013 140535 SH SOLE 50435 0 90100 SILICOM LTD COM M84116108 1759686 46950 SH SOLE 16990 0 29960 SILVERBOW RESOURCES COM 82836G102 1733172 75850 SH SOLE 27140 0 48710 SILVERCREST METALS COM 828363101 4186932 586405 SH SOLE 202680 0 383725 SMART GLOBAL HOLDINGS COM G8232Y101 4482521 260007 SH SOLE 219282 0 40725 SMARTFINANCIAL INC COM 83190L208 3226642 139440 SH SOLE 49770 0 89670 SNAP-ON INC COM 833034101 14405785 58349 SH SOLE 41014 0 17335 SPARTANNASH COM 847215100 4751110 191577 SH SOLE 65285 0 126292 SPOK HOLDINGS COM 84863T106 5429477 535980 SH SOLE 189365 0 346615 STANDARD MOTOR PRODUCTS COM 853666105 5702595 154500 SH SOLE 54490 0 100010 STARBUCKS CORP COM 855244109 343629 3300 SH SOLE 0 0 3300 STERLING INFRASTRUCTURE INC COM 859241101 5900946 155780 SH SOLE 54870 0 100910 STEWART INFORMATN SVCS COM COM 860372101 4349286 107789 SH SOLE 107789 0 0 SYNOPSYS INC COM 871607107 349170 904 SH SOLE 264 0 640 TECHNIPFMC PLC COM G87110105 172263 12620 SH SOLE 0 0 12620 TETRA TECHNOLOGIES INC COM 88162F105 1483950 559981 SH SOLE 200916 0 359065 TITAN INTERNATIONAL INC COM 88830M102 2812801 268397 SH SOLE 268397 0 0 TITAN MACHINERY INC COM 88830R101 3171093 104141 SH SOLE 104141 0 0 TUTOR PERINI CORP COM 901109108 3544603 574490 SH SOLE 192315 0 382175 UFP INDUSTRIES INC COM 90278Q108 5295881 66640 SH SOLE 66015 0 625 UFP TECHNOLOGIES INC COM COM 902673102 3731602 28740 SH SOLE 10260 0 18480 ULTA BEAUTY INC COM 90384S303 353594 648 SH SOLE 187 0 461 UNITED FIRE GROUP COM 910340108 3701840 139429 SH SOLE 49958 0 89471 UNITED HEALTH GROUP COM 91324P102 489131 1035 SH SOLE 0 0 1035 UNITED NATURAL FOODS INC COM 911163103 3555195 134922 SH SOLE 129222 0 5700 UNITED RENTALS INC COM 911363109 16980874 42907 SH SOLE 29182 0 13725 UNITIL CORP COM 913259107 6396180 112135 SH SOLE 37110 0 75025 UNIVERSAL ELECTRONICS COM 913483103 396880 39140 SH SOLE 14200 0 24940 UNIVERSAL HEALTH SERVICES B COM 913903100 8503880 66907 SH SOLE 47007 0 19900 UNIVERSAL STAINLESS COM 913837100 1256780 134415 SH SOLE 48395 0 86020 VAALCO ENERGY INC COM 91851C201 7591315 1675787 SH SOLE 1309497 0 366290 VALMONT INDUSTRIES COM 920253101 280009 877 SH SOLE 257 0 620 VERISK ANALYTICS A COM 92345Y106 309086 1611 SH SOLE 471 0 1140 VERIZON COMM INC COM 92343V104 18191848 467777 SH SOLE 328717 0 139060 VICTORY CAPITAL HOLDING COM 92645B103 4626943 158078 SH SOLE 158078 0 0 VISHAY INTERTECHNOLOGY INC COM 928298108 7361453 325440 SH SOLE 314290 0 11150 VISHAY PRECISION GROUP COM 92835K103 2023690 48460 SH SOLE 17300 0 31160 WARRIOR MET COAL INC COM 93627C101 6022202 164048 SH SOLE 164048 0 0 WASHINGTON TRUST BANCORP COM 940610108 3192706 92115 SH SOLE 33070 0 59045 WATERSTONE FINANCIAL INC COM 94188P101 2556667 168980 SH SOLE 60345 0 108635 WESCO INTERNATIONAL INC COM 95082P105 568089 3676 SH SOLE 646 0 3030 WILLSCOT MOBILE MINI HOLDINGS COM 971378104 296000 6314 SH SOLE 1840 0 4474 WORLD FUEL SERVICES CORP COM 981475106 5046508 197515 SH SOLE 197515 0 0 XYLEM INC COM 98419M100 359959 3438 SH SOLE 1005 0 2433 ZOETIS INC COM 98978V103 428583 2575 SH SOLE 0 0 2575 ZSCALER INC COM 98980G102 239969 2054 SH SOLE 233 0 1821 SANOFI ADR COM 80105N105 21505423 395175 SH SOLE 277675 0 117500 SHELL PLC COM 780259305 21155674 367669 SH SOLE 254519 0 113150