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
AMERICAN AXLE & MFG HLDGS IN COM 024061103   14,037,691 2,271,471 SH   SOLE   2,271,471 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107   10,406,797 1,193,440 SH   SOLE   1,193,440 0 0
ATMUS FILTRATION TECHNOLOGIE COM 04956D107   29,499,556 786,026 SH   SOLE   786,026 0 0
BRISTOW GROUP INC COM 11040G103   20,379,265 587,468 SH   SOLE   587,468 0 0
DESPEGAR COM CORP ORD SHS G27358103   30,655,230 2,472,196 SH   SOLE   2,472,196 0 0
DUCKHORN PORTFOLIO INC COM 26414D106   13,152,765 2,263,815 SH   SOLE   2,263,815 0 0
ECOVYST INC COM 27923Q109   13,026,905 1,901,738 SH   SOLE   1,901,738 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106   8,044,766 81,499 SH   SOLE   81,499 0 0
GREIF INC CL A 397624107   8,096,111 129,207 SH   SOLE   129,207 0 0
HELEN OF TROY LTD COM G4388N106   4,878,110 78,870 SH   SOLE   78,870 0 0
MONARCH CASINO & RESORT INC COM 609027107   12,155,024 153,337 SH   SOLE   153,337 0 0
MSC INDL DIRECT INC CL A 553530106   9,199,814 106,900 SH   SOLE   106,900 0 0
PHINIA INC COMMON STOCK 71880K101   27,929,991 606,778 SH   SOLE   606,778 0 0
TENARIS S A SPONSORED ADS 88031M109   13,353,962 420,068 SH   SOLE   420,068 0 0
TRIMAS CORP COM NEW 896215209   25,683,971 1,006,031 SH   SOLE   1,006,031 0 0
TRONOX HOLDINGS PLC SHS G9087Q102   26,104,689 1,784,326 SH   SOLE   1,784,326 0 0