0001573913-24-000001.txt : 20240201 0001573913-24-000001.hdr.sgml : 20240201 20240201115235 ACCESSION NUMBER: 0001573913-24-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240201 DATE AS OF CHANGE: 20240201 EFFECTIVENESS DATE: 20240201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Foundry Partners, LLC CENTRAL INDEX KEY: 0001573913 ORGANIZATION NAME: 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: 24585701 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 12-31-2023 12-31-2023 Foundry Partners, LLC
323 WASHINGTON AVE NORTH SUITE 360 MINNEAPOLIS MN 55401
13F HOLDINGS REPORT 028-15710 000164863 801-76953 N
Ian Meiksins Chief Compliance Officer 2027536940 Ian Meiksins Covington KY 02-01-2024 0 290 1660616585 false
INFORMATION TABLE 2 q4.xml ALEXANDER & BALDWIN INC REIT 014491104 481586 25320 SH SOLE 6520 0 18800 ALPINE INCOME REIT 02083X103 2648613 156630 SH SOLE 55770 0 100860 APPLE HOSPITALITY REIT REIT 03784Y200 5191472 312551 SH SOLE 312551 0 0 COMMUNITY HEALTHCARE TRUST REIT 20369C106 3779976 141891 SH SOLE 48976 0 92915 CORECIVIC INC REIT 21871N101 6914246 475860 SH SOLE 475860 0 0 EMPIRE STATE REALTY TRUST INC REIT 292104106 5675511 585708 SH SOLE 585708 0 0 ESSENTIAL PROPERTIES REALTY REIT 29670E107 438967 17174 SH SOLE 4949 0 12225 MID-AMER APARTMENT REIT 59522J103 7356441 54711 SH SOLE 36756 0 17955 NEWMARK GROUP INC REIT 65158N102 7864140 717531 SH SOLE 717531 0 0 POSTAL REALTY TRUST REIT 73757R102 2571951 176645 SH SOLE 62360 0 114285 SIMON PROPERTY GROUP INC REIT 828806109 25743239 180477 SH SOLE 119917 0 60560 W P CAREY INC REIT 92936U109 9969982 153834 SH SOLE 103159 0 50675 WHITESTONE REIT REIT 966084204 9915216 806771 SH SOLE 593871 0 212900 ABBVIE INC COM 00287Y109 510626 3295 SH SOLE 0 0 3295 ACCO BRANDS CORP COM 00081T108 3684650 606028 SH SOLE 213660 0 392368 ACCURAY INC COM 004397105 4160256 1470055 SH SOLE 519015 0 951040 ADEIA INC COM 00676P107 6419556 518124 SH SOLE 518124 0 0 ADIENT PLC COM G0084W101 3899319 107242 SH SOLE 107242 0 0 AES CORP COM 00130H105 17511032 909664 SH SOLE 601719 0 307945 AGILENT TECHNOLOGIES INC COM 00846U101 326303 2347 SH SOLE 0 0 2347 ALAMOS GOLD INC COM 011532108 6143573 456093 SH SOLE 427283 0 28810 ALLISON TRANS HOLDINGS COM 01973R101 6047135 103992 SH SOLE 103992 0 0 ALPHABET INC A COM 02079K305 785058 5620 SH SOLE 0 0 5620 ALTA EQUIPMENT GROUP COM 02128L106 2924268 236400 SH SOLE 83415 0 152985 ALTISOURCE PORFOLIO SOLUTIONS COM L0175J104 2116171 594430 SH SOLE 209495 0 384935 ALTRIA GROUP COM 02209S103 19771885 490131 SH SOLE 320666 0 169465 AMAZON.COM COM 023135106 396563 2610 SH SOLE 0 0 2610 AMERANT BANCORP COM 023576101 3268424 133025 SH SOLE 47015 0 86010 AMERICAN PUBLIC EDUCATION COM 02913V103 4408554 456845 SH SOLE 161336 0 295509 AMERIPRISE FINANCIAL COM 03076C106 30997546 81609 SH SOLE 53739 0 27870 AMERISAFE INC COM 03071H100 4072901 87065 SH SOLE 30735 0 56330 AMPHENOL CORP-CL A COM 032095101 622338 6278 SH SOLE 0 0 6278 AMPLIFY ENERGY CORP COM 03212B103 3410076 575055 SH SOLE 202865 0 372190 APPLE INC COM 037833100 617059 3205 SH SOLE 0 0 3205 APPLIED INDUSTRIAL TECH COM 03820C105 515307 2984 SH SOLE 724 0 2260 APPLIED MATERIALS INC COM 038222105 19166884 118263 SH SOLE 79453 0 38810 ARISTA NETWORKS INC COM 040413106 445349 1891 SH SOLE 0 0 1891 ARTESIAN RESOURCES CORP COM 043113208 4839743 116761 SH SOLE 38842 0 77919 ASBURY AUTOMOTIVE GROUP COM 043436104 4238885 18842 SH SOLE 18842 0 0 ASSOCIATED BANC CORP COM 045487105 6460999 302057 SH SOLE 292497 0 9560 AUTOLIV INC COM 052800109 15165119 137627 SH SOLE 92497 0 45130 AVANOS MEDICAL COM 05350V106 8322180 371029 SH SOLE 255424 0 115605 AXIS CAPITAL HOLDINGS LTD COM G0692U109 3502872 63263 SH SOLE 63263 0 0 AXOS FINANCIAL INC COM 05465C100 348130 6376 SH SOLE 1841 0 4535 AXT INC COM 00246W103 658740 274475 SH SOLE 96785 0 177690 B&G FOODS INC COM 05508R106 2700180 257160 SH SOLE 84295 0 172865 BANC OF CALIFORNIA COM 05990K106 4427468 329670 SH SOLE 110650 0 219020 BANK OF NEW YORK MELLON COM 064058100 17134392 329191 SH SOLE 221131 0 108060 BANNER CORP COM 06652V208 345194 6445 SH SOLE 1520 0 4925 BAR HARBOR BANKSHARES COM 066849100 2796687 95255 SH SOLE 33415 0 61840 BARRETT BUSINESS SVCS INC COM 068463108 5278743 45585 SH SOLE 16090 0 29495 BEAZER HOMES USA COM 07556Q881 4277983 126605 SH SOLE 44720 0 81885 BENCHMARK ELECTRONICS COM 08160H101 4578013 165630 SH SOLE 55695 0 109935 BERRY CORP COM 08579X101 5003602 711750 SH SOLE 711750 0 0 BIO-TECHNE CORP COM 09073M104 207869 2694 SH SOLE 0 0 2694 BIOMARIN PHARMACEUTICAL COM 09061G101 217427 2255 SH SOLE 0 0 2255 BLOOMIN' BRANDS INC COM 094235108 5637206 200256 SH SOLE 200256 0 0 BRIDGEWATER BANCSHARES COM 108621103 893334 66075 SH SOLE 23190 0 42885 BROADCOM INC COM 11135F101 574869 515 SH SOLE 0 0 515 BROWN & BROWN INC COM COM 115236101 218379 3071 SH SOLE 0 0 3071 CADENCE DESIGN SYS INC COM 127387108 516958 1898 SH SOLE 0 0 1898 CARPENTER TECHNOLOGY COM 144285103 437473 6179 SH SOLE 1674 0 4505 CASS INFORMATION SYS COM COM 14808P109 5000099 110990 SH SOLE 39035 0 71955 CATALENT INC COM 148806102 203443 4528 SH SOLE 0 0 4528 CATERPILLAR INC COM 149123101 20688917 69973 SH SOLE 46083 0 23890 CECO ENVIRONMENTAL COM 125141101 4144015 204340 SH SOLE 72185 0 132155 CELESTICA INC SUB VTG SHS COM 15101Q108 2796181 95498 SH SOLE 95498 0 0 CENTURY CASINOS INC COM 156492100 3373539 691299 SH SOLE 236337 0 454962 CENTURY COMMUNITIES INC COM 156504300 209166 2295 SH SOLE 0 0 2295 CHESAPEAKE ENERGY CORP COM 165167735 12965698 168517 SH SOLE 113252 0 55265 CHEVRON CORP COM 166764100 24218811 162368 SH SOLE 107113 0 55255 CHIPOTLE MEXICAN GRILL COM 169656105 285870 125 SH SOLE 0 0 125 CHORD ENERGY COM 674215207 5903326 35513 SH SOLE 35513 0 0 CISCO SYSTEMS COM 17275R102 11034679 218422 SH SOLE 141277 0 77145 CITIGROUP INC COM 172967424 32957042 640689 SH SOLE 429799 0 210890 CIVITAS RESOURCES COM 17888H103 360704 5275 SH SOLE 1505 0 3770 CLIMB GLOBAL SOLUTIONS COM 946760105 1968123 35895 SH SOLE 12680 0 23215 COCA-COLA EUROPACIFIC COM G25839104 13749308 206013 SH SOLE 138358 0 67655 COCA COLA CONSOLIDATED COM 191098102 8524569 9182 SH SOLE 9182 0 0 COHU INC COM 192576106 233397 6595 SH SOLE 0 0 6595 COLUMBUS MCKINNON COM 199333105 3830398 98165 SH SOLE 33285 0 64880 COMCAST CORP-CLASS A COM 20030N101 21036774 479744 SH SOLE 317579 0 162165 COMPUTER PROG & SYSTEMS COM 205306103 2543184 227070 SH SOLE 76005 0 151065 COMSTOCK RESOURCES INC COM 205768302 3715991 419886 SH SOLE 419886 0 0 CONSTELLATION ENERGY COM 21037T109 9290768 79483 SH SOLE 53426 0 26057 COPA HOLDINGS A COM P31076105 4003316 37657 SH SOLE 37657 0 0 COVENANT LOGISTICS COM 22284P105 3386288 73551 SH SOLE 73551 0 0 CRA INTERNATIONAL COM 12618T105 4601962 46555 SH SOLE 16575 0 29980 CRANE NXT CO COM 224441105 6922671 121728 SH SOLE 121728 0 0 CRAWFORD & COMPANY CLASS A COM 224633206 2086302 158293 SH SOLE 55593 0 102700 CROSS COUNTRY HEALTH COM 227483104 5829619 257492 SH SOLE 211322 0 46170 CVS HEALTH COM 126650100 17132109 216972 SH SOLE 143542 0 73430 DANAOS CORP COM Y1968P121 5755277 77711 SH SOLE 77711 0 0 DARDEN RESTAURANTS INC COM 237194105 9527428 57988 SH SOLE 38968 0 19020 DELTA AIRLINES COM 247361702 23282107 578725 SH SOLE 384650 0 194075 DEXCOM INC COM 252131107 393738 3173 SH SOLE 0 0 3173 DIME COMMUNITY BANCSHARES COM 25432X102 4222355 156790 SH SOLE 52251 0 104539 DONEGAL GROUP INC - CL A COM 257701201 3448675 246510 SH SOLE 86905 0 159605 DR HORTON INC COM 23331A109 259582 1708 SH SOLE 0 0 1708 DRIL-QUIP INC COM 262037104 3213820 138110 SH SOLE 46570 0 91540 DUCOMMUN INC COM 264147109 6817101 130947 SH SOLE 45061 0 85886 DUKE ENERGY CORP COM 26441C204 26393813 271989 SH SOLE 181159 0 90830 EDGEWELL PERSONAL CARE COM 28035Q102 364835 9960 SH SOLE 2465 0 7495 EDWARDS LIFESCIENCES CORP COM 28176E108 286319 3755 SH SOLE 0 0 3755 ELEVANCE HEALTH, INC COM 036752103 18943037 40171 SH SOLE 26941 0 13230 EMERSON ELECTRIC CO COM 291011104 17777908 182656 SH SOLE 120211 0 62445 ENACT HOLDINGS INC COM 29249E109 3625955 125509 SH SOLE 125509 0 0 ENERPLUS CORPORATION COM 292766102 7106500 463266 SH SOLE 463266 0 0 ENOVA HOLDINGS INC COM 29357K103 7634587 137908 SH SOLE 137908 0 0 ENTRAVISION COMM A COM 29382R107 3034280 727645 SH SOLE 256830 0 470815 ENVISTA HOLDINGS CORP COM 29415F104 3571394 148437 SH SOLE 148437 0 0 EPAM SYSTEMS INC COM 29414B104 201894 679 SH SOLE 0 0 679 EVOLUTION PETROLEUM COM 30049A107 1132195 194870 SH SOLE 68810 0 126060 FAIR ISAAC CORP COM 303250104 595973 512 SH SOLE 0 0 512 FB FINANCIAL CORP COM 30257X104 216983 5445 SH SOLE 0 0 5445 FEDERAL AGRIC MTG C COM 313148306 7395433 38675 SH SOLE 13170 0 25505 FIRST BANCORP INC ME COM 31866P102 1124567 39850 SH SOLE 13995 0 25855 FIRST BANK COM 31931U102 1256556 85480 SH SOLE 30010 0 55470 FIRST FINANCIAL COM 320218100 2288335 53180 SH SOLE 18705 0 34475 FIRST INTERNET BANC COM 320557101 1502320 62105 SH SOLE 21975 0 40130 FIVE BELOW COM 33829M101 265171 1244 SH SOLE 0 0 1244 FORTINET INC COM 34959E109 250216 4275 SH SOLE 0 0 4275 FREEPORT-MCMORAN COM 35671D857 7606195 178675 SH SOLE 120050 0 58625 GENERAC HOLDINGS INC COM 368736104 247624 1916 SH SOLE 0 0 1916 GENWORTH FINANCIAL INC-CL A COM 37247D106 4807903 719746 SH SOLE 719746 0 0 GILEAD SCIENCES COM 375558103 15750207 194423 SH SOLE 130623 0 63800 GLOBAL SHIP LEASE INC CL A COM Y27183600 5964611 300939 SH SOLE 102904 0 198035 GOLDMAN SACHS COM 38141G104 12051455 31240 SH SOLE 20295 0 10945 GROUP 1 AUTOMOTIVE INC COM 398905109 7342406 24094 SH SOLE 24094 0 0 GUESS INC COM 401617105 5959972 258455 SH SOLE 258455 0 0 H&E EQUIPMENT SERVICES INC COM 404030108 3999916 76451 SH SOLE 76451 0 0 HANCOCK WHITNEY CORP COM 410120109 8903680 183241 SH SOLE 179091 0 4150 HANMI FINANCIAL CORP COM 410495204 1462566 75390 SH SOLE 26625 0 48765 HARTFORD FINANCIAL SERVICES COM 416515104 18399384 228905 SH SOLE 153790 0 75115 HAWKINS INC COM 420261109 3656488 51924 SH SOLE 18235 0 33689 HAYNES INTERNATIONAL COM 420877201 5771748 101170 SH SOLE 34300 0 66870 HEALTHCARE SVCS GP COM 421906108 2750228 265210 SH SOLE 93425 0 171785 HELIX ENERGY SOLUTIONS COM 42330P107 5126317 498669 SH SOLE 176453 0 322216 HILLENBRAND INC COM 431571108 6824989 142633 SH SOLE 142633 0 0 HOME DEPOT INC COM 437076102 526756 1520 SH SOLE 0 0 1520 HOMETRUST BANCSHARES COM 437872104 2228438 82780 SH SOLE 29065 0 53715 HORACE MANN EDUCATORS COM 440327104 536247 16399 SH SOLE 3529 0 12870 HORIZON BANCORP INC COM 440407104 1066853 74553 SH SOLE 26278 0 48275 HOWMET AEROSPACE COM 443201108 326235 6028 SH SOLE 0 0 6028 HUBSPOT INC COM 443573100 209575 361 SH SOLE 0 0 361 HUDBAY MINERALS INC COM 443628102 5804832 1051600 SH SOLE 1051600 0 0 HUDSON TECHNOLOGIES COM COM 444144109 5039446 373569 SH SOLE 373569 0 0 HUNTINGTON BANCSHARES INC COM 446150104 10703537 841473 SH SOLE 564478 0 276995 HUNTINGTON INGALLS COM 446413106 214203 825 SH SOLE 0 0 825 IDEXX LABORATORIES INC COM 45168D104 449590 810 SH SOLE 0 0 810 IDT CORP CL B COM 448947507 4953447 145305 SH SOLE 49045 0 96260 IMAX CORP COM 45245E109 4787475 318740 SH SOLE 109100 0 209640 INDEPENDENT BANK MI COM 453838609 5530941 212565 SH SOLE 75140 0 137425 INSPIRED ENTERTAINMENT COM 45782N108 3356878 339765 SH SOLE 120175 0 219590 INTEGER HOLDINGS CORP COM 45826H109 595768 6013 SH SOLE 1698 0 4315 INTL BUSINESS MACHINES CORP COM 459200101 16684880 102017 SH SOLE 66342 0 35675 INTREPID POTASH INC COM 46121Y201 3367678 140966 SH SOLE 47893 0 93073 JABIL INC COM 466313103 10417498 81770 SH SOLE 54955 0 26815 JOHNSON & JOHNSON COM 478160104 18795634 119916 SH SOLE 78439 0 41477 JPMORGAN CHASE COM 46625H100 45436602 267117 SH SOLE 176607 0 90510 KB HOME COM 48666K109 5500852 88070 SH SOLE 88070 0 0 KELLY SERVICES INC -A COM 488152208 1861482 86100 SH SOLE 30405 0 55695 KEMPER CORP COM 488401100 482028 9904 SH SOLE 1929 0 7975 KENVUE COM 49177J102 10611017 492848 SH SOLE 326493 0 166355 KEYSIGHT TECHNOLOGIES COM 49338L103 278726 1752 SH SOLE 0 0 1752 KIMBALL ELECTRONICS COM 49428J109 4243816 157470 SH SOLE 55990 0 101480 KLA CORP COM 482480100 251703 433 SH SOLE 0 0 433 KROGER CO COM 501044101 15933820 348585 SH SOLE 229350 0 119235 LAKELAND BANCORP COM 511637100 3296321 222875 SH SOLE 78785 0 144090 LAM RESEARCH CORP COM 512807108 305471 390 SH SOLE 0 0 390 LANDSEA HOMES CORP COM 51509P103 6265678 476840 SH SOLE 160355 0 316485 LANTHEUS HOLDINGS INC COM 516544103 4581862 73901 SH SOLE 73901 0 0 LENNAR CORP-A COM 526057104 13180800 88438 SH SOLE 59423 0 29015 LENNOX INTL INC COM 526107107 368756 824 SH SOLE 0 0 824 LIBERTY ENERGY INC COM 53115L104 3281580 180903 SH SOLE 180903 0 0 LKQ CORP COM 501889208 11721597 245273 SH SOLE 164528 0 80745 LULULEMON ATHLETICA INC COM 550021109 852320 1667 SH SOLE 0 0 1667 LUTHER BURBANK CORP COM 550550107 2832902 264510 SH SOLE 92755 0 171755 LYONDELLBASELL INDU-CL A COM N53745100 8694305 91442 SH SOLE 60257 0 31185 M/I HOMES INC COM 55305B101 220384 1600 SH SOLE 0 0 1600 MERCK & CO COM 58933Y105 13521205 124025 SH SOLE 83355 0 40670 META PLATFORMS INC COM 30303M102 339802 960 SH SOLE 0 0 960 MGE ENERGY INC COM COM 55277P104 322141 4455 SH SOLE 0 0 4455 MGIC INVT CORP WIS COM 552848103 6550942 339603 SH SOLE 339603 0 0 MICROSOFT CORP COM 594918104 966423 2570 SH SOLE 0 0 2570 MIDDLESEX WATER CO COM COM 596680108 3024098 46085 SH SOLE 16295 0 29790 MINERALS TECHNOLOGIES INC COM 603158106 7686933 107796 SH SOLE 102941 0 4855 MISTRAS GROUP COM 60649T107 2800683 382607 SH SOLE 135023 0 247584 MOLSON COORS BEVERAGE - CL B COM 60871R209 6344723 103655 SH SOLE 69635 0 34020 MONOLITHIC POWER SYSTEMS COM 609839105 329267 522 SH SOLE 0 0 522 MOOG INC CL A COM 615394202 4085547 28219 SH SOLE 25559 0 2660 MSCI INC COM 55354G100 322420 570 SH SOLE 0 0 570 MURPHY OIL CORP COM 626717102 5506084 129069 SH SOLE 129069 0 0 MYERS INDS INC COM 628464109 2512038 128493 SH SOLE 44767 0 83726 NATIONAL FUEL GAS CO COM 636180101 9019061 179770 SH SOLE 176710 0 3060 NATIONAL HEALTHCARE COM COM 635906100 5202784 56295 SH SOLE 18855 0 37440 NATURAL GROCERS COM 63888U108 4242144 265134 SH SOLE 93518 0 171616 NEWMONT MINING CORP COM 651639106 8514047 205703 SH SOLE 138198 0 67505 NORTHEAST BANCORP COM 66405S100 4123686 74718 SH SOLE 26582 0 48136 NORTHWEST PIPE COM 667746101 5305486 175330 SH SOLE 61965 0 113365 NORTHWESTERN ENERGY GROUP COM 668074305 436891 8585 SH SOLE 2545 0 6040 NORTWEST NATURAL HOLDING COM 66765N105 498315 12797 SH SOLE 4077 0 8720 NVE CORP COM 629445206 2190158 27925 SH SOLE 9940 0 17985 NVIDIA CORP COM 67066G104 438270 885 SH SOLE 0 0 885 O'REILLY AUTOMOTIVE INC COM 67103H107 312576 329 SH SOLE 0 0 329 OCEANFIRST FINL CORP COM 675234108 263768 15194 SH SOLE 4729 0 10465 OIL-DRI CORP OF AMERICA COM 677864100 5274165 78625 SH SOLE 27750 0 50875 OLD DOMINION FREIGHT COM 679580100 324264 800 SH SOLE 0 0 800 OLD NATIONAL BANCORP COM 680033107 8141453 482028 SH SOLE 469418 0 12610 ON SEMICONDUCTOR CORP COM 682189105 319419 3824 SH SOLE 0 0 3824 ONE GAS INC COM 68235P108 291200 4570 SH SOLE 0 0 4570 ORACLE CORPORATION COM 68389X105 11290393 107089 SH SOLE 67784 0 39305 OSHKOSH CORP COM 688239201 6315099 58252 SH SOLE 58252 0 0 PACKAGING CORP OF AMERICA COM 695156109 6787645 41665 SH SOLE 28010 0 13655 PAN AMERICAN SILVER CORP COM 697900108 3622664 221841 SH SOLE 221841 0 0 PATTERSON COS INC COM 703395103 407319 14317 SH SOLE 3837 0 10480 PBF ENERGY INC-CLASS A COM 69318G106 3664418 83358 SH SOLE 81478 0 1880 PEOPLES BANCORP INC COM 709789101 4619212 136825 SH SOLE 48285 0 88540 PERMIAN RESOURCES CORP COM 71424F105 319886 23521 SH SOLE 0 0 23521 PHILLIPS 66 COM 718546104 14749782 110784 SH SOLE 74429 0 36355 PHOTRONICS COM 719405102 8027081 255884 SH SOLE 255884 0 0 PREMIER FINANCIAL CORP COM 74052F108 4330770 179700 SH SOLE 60555 0 119145 PRESTIGE CONSUMER HEALTH COM 74112D101 457130 7467 SH SOLE 1642 0 5825 PRIMIS FINANCIAL CORP COM 74167B109 4428531 349805 SH SOLE 123530 0 226275 PRIMO WATER CORP COM 74167P108 5693475 378304 SH SOLE 378304 0 0 PRIMORIS SERVICES CORP COM 74164F103 5571741 167773 SH SOLE 167773 0 0 PRUDENTIAL FINANCIAL COM 744320102 37794620 364426 SH SOLE 240931 0 123495 RANGER ENERGY SERVICES INC COM 75282U104 2617141 255830 SH SOLE 90580 0 165250 REPLIGEN CORP COM 759916109 204073 1135 SH SOLE 0 0 1135 RESIDEO TECHNOLOGIES INC COM 76118Y104 3993491 212194 SH SOLE 212194 0 0 ROCKWELL AUTOMATION COM 773903109 327246 1054 SH SOLE 0 0 1054 RTX CORP COM 75513E101 8311265 98779 SH SOLE 66384 0 32395 SANDY SPRING BANCORP COM COM 800363103 6557812 240742 SH SOLE 240742 0 0 SANMINA SCI CORP COM 801056102 6637415 129208 SH SOLE 129208 0 0 SAPIENS INTERNATIONAL CORP COM G7T16G103 3387253 117044 SH SOLE 117044 0 0 SCIENCE APPLICATIONS INTL COM 808625107 5238720 42139 SH SOLE 42139 0 0 SCORPIO TANKERS INC COM Y7542C130 5586912 91890 SH SOLE 91890 0 0 SELECT MEDICAL HOLDINGS COM 81619Q105 7160215 304690 SH SOLE 292240 0 12450 SENECA FOODS CORP COM 817070501 5146462 98140 SH SOLE 32765 0 65375 SENSATA TECHNOLOGIES HOLDING COM G8060N102 4038700 107498 SH SOLE 107498 0 0 SHOE CARNIVAL COM 824889109 4367913 144585 SH SOLE 49095 0 95490 SHYFT GROUP INC COM 825698103 2589968 211945 SH SOLE 74850 0 137095 SIERRA BANCORP COM 82620P102 3051804 135335 SH SOLE 47770 0 87565 SILVERBOW RESOURCES COM 82836G102 3478259 119610 SH SOLE 42175 0 77435 SILVERCREST METALS COM 828363101 4972858 759215 SH SOLE 254470 0 504745 SM ENERGY CO COM 78454L100 216058 5580 SH SOLE 0 0 5580 SMART GLOBAL HOLDINGS COM G8232Y101 6217710 328458 SH SOLE 238593 0 89865 SMARTFINANCIAL INC COM 83190L208 2607279 106463 SH SOLE 37627 0 68836 SNAP-ON INC COM 833034101 19251764 66652 SH SOLE 44782 0 21870 SOLARWINDS CORP COM 83417Q204 5420460 433984 SH SOLE 433984 0 0 SONOCO PRODUCTS CO COM 835495102 4017388 71906 SH SOLE 71906 0 0 SOUTHWESTERN ENERGY CO COM 845467109 109811 16765 SH SOLE 0 0 16765 SPARTANNASH COM 847215100 2473092 107760 SH SOLE 36695 0 71065 SPOK HOLDINGS COM 84863T106 6924049 447290 SH SOLE 154490 0 292800 STAGWELL INC COM 85256A109 5430076 819016 SH SOLE 819016 0 0 STANDARD MOTOR PRODUCTS COM 853666105 5929859 148954 SH SOLE 51569 0 97385 STARBUCKS CORP COM 855244109 269788 2810 SH SOLE 0 0 2810 STERLING INFRASTRUCTURE INC COM 859241101 650682 7400 SH SOLE 1410 0 5990 SUBURBAN PROPANE L P UNIT LTD COM 864482104 3334316 187743 SH SOLE 187743 0 0 SYNCHRONY FINANCIAL COM 87165B103 221120 5790 SH SOLE 0 0 5790 SYNOPSYS INC COM 871607107 329542 640 SH SOLE 0 0 640 T-MOBILE US COM 872590104 18389049 114695 SH SOLE 77065 0 37630 TETRA TECHNOLOGIES INC COM 88162F105 2636719 583345 SH SOLE 206025 0 377320 TIMKEN CO COM 887389104 6998938 87323 SH SOLE 87323 0 0 TURNING POINT BRANDS COM 90041L105 5779188 219574 SH SOLE 75549 0 144025 TUTOR PERINI CORP COM 901109108 6842790 751955 SH SOLE 254900 0 497055 UFP INDUSTRIES INC COM 90278Q108 4341645 34581 SH SOLE 33081 0 1500 ULTA BEAUTY INC COM 90384S303 225885 461 SH SOLE 0 0 461 UNITED FIRE GROUP COM 910340108 3192259 158661 SH SOLE 56008 0 102653 UNITED HEALTH GROUP COM 91324P102 286926 545 SH SOLE 0 0 545 UNITED RENTALS INC COM 911363109 25954136 45262 SH SOLE 30002 0 15260 UNITIL CORP COM 913259107 6284218 119540 SH SOLE 39715 0 79825 UNIVERSAL HEALTH SERVICES B COM 913903100 16307421 106976 SH SOLE 70961 0 36015 UNIVERSAL STAINLESS COM 913837100 2597950 129380 SH SOLE 45825 0 83555 VAALCO ENERGY INC COM 91851C201 3938650 877205 SH SOLE 309925 0 567280 VALLEY NATL BANCORP COM COM 919794107 6902116 635554 SH SOLE 635554 0 0 VERISK ANALYTICS A COM 92345Y106 272300 1140 SH SOLE 0 0 1140 VERIZON COMM INC COM 92343V104 19270619 511157 SH SOLE 337842 0 173315 VERMILION ENERGY COM 923725105 4667365 387012 SH SOLE 378727 0 8285 VISHAY INTERTECHNOLOGY INC COM 928298108 7697774 321142 SH SOLE 310427 0 10715 VISHAY PRECISION GROUP COM 92835K103 4280555 125640 SH SOLE 44375 0 81265 WAFD INC COM 938824109 4034700 122412 SH SOLE 122412 0 0 WARRIOR MET COAL INC COM 93627C101 5725815 93912 SH SOLE 93912 0 0 WATERSTONE FINANCIAL INC COM 94188P101 2309914 162670 SH SOLE 57140 0 105530 WESTERN UNION CO COM 959802109 155556 13050 SH SOLE 0 0 13050 WILLIAMS COS INC COM 969457100 9128908 262099 SH SOLE 176124 0 85975 XYLEM INC COM 98419M100 278238 2433 SH SOLE 0 0 2433 GLAXOSMITHKLINE PLC-SPON ADR ADR 37733W204 8249148 222589 SH SOLE 149554 0 73035 SANOFI ADR ADR 80105N105 13529544 272060 SH SOLE 182815 0 89245 SHELL PLC ADR 780259305 25115136 381689 SH SOLE 253284 0 128405