Hennessy Advisors (HNNA) 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M Co	COM	88579Y101	5,234,600	40,550	SH		SOLE		0	40,550	0
AbbVie Inc	COM	00287Y109	5,348,770	30,100	SH		SOLE		0	30,100	0
Alaska Air Group Inc	COM	011659109	82,459,125	1,273,500	SH		SOLE		0	1,273,500	0
Algonquin Power & Utilities Corp	ADR	015857105	530,725	119,264	SH		SOLE		0	119,264	0
Alliant Energy Corp	COM	018802108	1,859,953	31,450	SH		SOLE		0	31,450	0
Allstate Corp/The	COM	020002101	11,297,494	58,600	SH		SOLE		0	58,600	0
Altria Group Inc	COM	02209S103	9,417,429	180,100	SH		SOLE		0	180,100	0
Ameren Corp	COM	023608102	3,804,495	42,680	SH		SOLE		0	42,680	0
American Eagle Outfitters Inc	COM	02553E106	6,431,286	385,800	SH		SOLE		0	385,800	0
American Woodmark Corp	COM	030506109	8,040,483	101,100	SH		SOLE		0	101,100	0
Amgen Inc	COM	031162100	3,479,544	13,350	SH		SOLE		0	13,350	0
Amneal Pharmaceuticals Inc	COM STK CL A	03168L105	13,231,152	1,670,600	SH		SOLE		0	1,670,600	0
Antero Midstream Corp	COM	03676B102	5,098,911	337,900	SH		SOLE		0	337,900	0
Antero Resources Corp	COM	03674X106	848,210	24,200	SH		SOLE		0	24,200	0
Arlo Technologies Inc	COM	04206A101	123,672	11,052	SH		SOLE		0	11,052	0
ASE TECHNOLOGY HLDG CO LTD	SPONSORED ADS	00215W100	129,269	12,837	SH		SOLE		0	12,837	0
Associated Banc-Corp	COM	045487105	3,704,500	155,000	SH		SOLE		0	155,000	0
Assurant Inc	COM	04621X108	11,513,880	54,000	SH		SOLE		0	54,000	0
AT&T Inc	COM	00206R102	6,925,723	304,160	SH		SOLE		0	304,160	0
Atmos Energy Corp	COM	049560105	24,077,833	172,886	SH		SOLE		0	172,886	0
AutoZone Inc	COM	053332102	3,202,000	1,000	SH		SOLE		0	1,000	0
Avista Corp	COM	05379B107	944,028	25,772	SH		SOLE		0	25,772	0
AZZ Inc	COM	002474104	10,772,480	131,500	SH		SOLE		0	131,500	0
Baker Hughes Co	COM	05722G100	6,497,568	158,400	SH		SOLE		0	158,400	0
Banc of California Inc	COM	05990K106	3,942,300	255,000	SH		SOLE		0	255,000	0
Bank of America Corp	COM	060505104	8,170,305	185,900	SH		SOLE		0	185,900	0
BankUnited Inc	COM	06652K103	3,702,490	97,000	SH		SOLE		0	97,000	0
Banner Corp	COM	06652V208	2,537,260	38,000	SH		SOLE		0	38,000	0
BCE Inc	ADR	05534B760	2,811,734	121,300	SH		SOLE		0	121,300	0
Berkshire Hathaway Inc	COM	084670702	1,359,840	3,000	SH		SOLE		0	3,000	0
BERKSHIRE HATHAWAY INC - CL A	CL A	084670108	23,832,200	35	SH		SOLE		0	35	0
Best Buy Co Inc	COM	086516101	2,874,300	33,500	SH		SOLE		0	33,500	0
Black Hills Corp	COM	092113109	2,759,042	47,147	SH		SOLE		0	47,147	0
Blue Bird Corp	COM	095306106	10,175,142	263,400	SH		SOLE		0	263,400	0
BP PLC	SPONSORED ADR	055622104	4,215,256	142,600	SH		SOLE		0	142,600	0
BREAD FINANCIAL HOLDINGS INC	COM	018581108	3,480,420	57,000	SH		SOLE		0	57,000	0
BRINKER INTL INC	COM	109641100	81,887,510	619,000	SH		SOLE		0	619,000	0
Bristol-Myers Squibb Co	COM	110122108	5,559,848	98,300	SH		SOLE		0	98,300	0
British American Tobacco PLC	SPONSORED ADR	110448107	5,916,528	162,900	SH		SOLE		0	162,900	0
Brookdale Senior Living Inc	COM	112463104	7,542,988	1,499,600	SH		SOLE		0	1,499,600	0
Brookline Bancorp Inc	COM	11373M107	2,950,000	250,000	SH		SOLE		0	250,000	0
Builders FirstSource Inc	COM	12008R107	2,129,657	14,900	SH		SOLE		0	14,900	0
California BanCorp	COM	84252A106	2,977,200	180,000	SH		SOLE		0	180,000	0
Canadian Natural Resources Ltd	ADR	136385101	5,291,118	171,400	SH		SOLE		0	171,400	0
Capital One Financial Corp	COM	14040H105	1,426,560	8,000	SH		SOLE		0	8,000	0
Caterpillar Inc	COM	149123101	3,119,736	8,600	SH		SOLE		0	8,600	0
Celestica Inc	COM	15101Q207	20,324,460	220,200	SH		SOLE		0	220,200	0
Cencora Inc	COM	03073E105	2,561,352	11,400	SH		SOLE		0	11,400	0
Cenovus Energy Inc	ADR	15135U109	4,705,590	310,600	SH		SOLE		0	310,600	0
CenterPoint Energy Inc	COM	15189T107	14,069,970	443,428	SH		SOLE		0	443,428	0
CF Industries Holdings Inc	COM	125269100	2,704,644	31,700	SH		SOLE		0	31,700	0
Charles Schwab Corp/The	COM	808513105	1,102,749	14,900	SH		SOLE		0	14,900	0
CHEESECAKE FACTORY INC	COM	163072101	63,114,176	1,330,400	SH		SOLE		0	1,330,400	0
Cheniere Energy Inc	COM	16411R208	31,660,450	147,347	SH		SOLE		0	147,347	0
Cheniere Energy Partners LP	COM UNIT	16411Q101	563,072	10,600	SH		SOLE		0	10,600	0
Chesapeake Utilities Corp	COM	165303108	3,514,053	28,958	SH		SOLE		0	28,958	0
Chevron Corp	COM	166764100	9,477,171	65,432	SH		SOLE		0	65,432	0
Cimpress PLC	SHS EURO	G2143T103	7,917,888	110,400	SH		SOLE		0	110,400	0
Cinemark Holdings Inc	COM	17243V102	61,628,514	1,989,300	SH		SOLE		0	1,989,300	0
Cisco Systems Inc	COM	17275R102	12,834,560	216,800	SH		SOLE		0	216,800	0
Citigroup Inc	COM	172967424	8,362,332	118,800	SH		SOLE		0	118,800	0
Citizens Financial Group Inc	COM	174610105	437,600	10,000	SH		SOLE		0	10,000	0
CMS Energy Corp	COM	125896100	11,377,022	170,698	SH		SOLE		0	170,698	0
Coca-Cola Co/The	COM	191216100	9,139,768	146,800	SH		SOLE		0	146,800	0
Cognizant Technology Solutions Corp	CL A	192446102	2,560,770	33,300	SH		SOLE		0	33,300	0
Coinbase Global Inc	COM CL A	19260Q107	1,365,650	5,500	SH		SOLE		0	5,500	0
Columbia Banking System Inc	COM	197236102	1,485,550	55,000	SH		SOLE		0	55,000	0
Comcast Corp	CL A	20030N101	4,282,173	114,100	SH		SOLE		0	114,100	0
Comstock Resources Inc	COM	205768302	182,200	10,000	SH		SOLE		0	10,000	0
ConnectOne Bancorp Inc	COM	20786W107	2,176,450	95,000	SH		SOLE		0	95,000	0
ConocoPhillips	COM	20825C104	3,602,251	36,324	SH		SOLE		0	36,324	0
Consolidated Edison Inc	COM	209115104	12,772,025	143,136	SH		SOLE		0	143,136	0
CUSTOMERS BANCORP INC	COM	23204G100	1,314,360	27,000	SH		SOLE		0	27,000	0
CVS Health Corp	COM	126650100	2,805,625	62,500	SH		SOLE		0	62,500	0
Daktronics Inc	COM	234264109	170,219	10,096	SH		SOLE		0	10,096	0
Darden Restaurants Inc	COM	237194105	2,912,364	15,600	SH		SOLE		0	15,600	0
Dave & Buster's Entertainment Inc	COM	238337109	4,579,911	156,900	SH		SOLE		0	156,900	0
DAVITA INC	COM	23918K108	10,962,015	73,300	SH		SOLE		0	73,300	0
Deere & Co	COM	244199105	2,711,680	6,400	SH		SOLE		0	6,400	0
Dell Technologies Inc	COM	24703L202	13,425,460	116,500	SH		SOLE		0	116,500	0
Devon Energy Corp	COM	25179M103	1,875,429	57,300	SH		SOLE		0	57,300	0
Diamondback Energy Inc	COM	25278X109	674,980	4,120	SH		SOLE		0	4,120	0
Dime Community Bancshares Inc	COM	25432X102	1,997,775	65,000	SH		SOLE		0	65,000	0
Dollar General Corp	COM	256677105	1,417,834	18,700	SH		SOLE		0	18,700	0
Dominion Energy Inc	COM	25746U109	3,569,679	66,277	SH		SOLE		0	66,277	0
Dow Inc	COM	260557103	1,549,018	38,600	SH		SOLE		0	38,600	0
DR Horton Inc	COM	23331A109	2,251,102	16,100	SH		SOLE		0	16,100	0
Dream Finders Homes Inc	COM CL A	26154D100	5,484,739	235,700	SH		SOLE		0	235,700	0
DT Midstream Inc	COMMON STOCK	23345M107	17,529,509	176,300	SH		SOLE		0	176,300	0
DTE Energy Co	COM	233331107	6,436,458	53,304	SH		SOLE		0	53,304	0
Duke Energy Corp	COM	26441C204	12,647,275	117,387	SH		SOLE		0	117,387	0
DYCOM INDS INC	COM	267475101	50,233,716	288,600	SH		SOLE		0	288,600	0
Eagle Bancorp Inc	COM	268948106	3,800,380	146,000	SH		SOLE		0	146,000	0
Eastern Bankshares Inc	COM	27627N105	3,708,750	215,000	SH		SOLE		0	215,000	0
EMCOR Group Inc	COM	29084Q100	12,936,150	28,500	SH		SOLE		0	28,500	0
Enbridge Inc	ADR	29250N105	24,586,700	579,465	SH		SOLE		0	579,465	0
Energy Transfer LP	COM UT LTD PTN	29273V100	11,183,931	570,900	SH		SOLE		0	570,900	0
EnLink Midstream LLC	COM UNIT REP LTD	29336T100	1,504,145	106,300	SH		SOLE		0	106,300	0
Entergy Corp	COM	29364G103	509,510	6,720	SH		SOLE		0	6,720	0
Enterprise Products Partners LP	COM	293792107	8,144,192	259,700	SH		SOLE		0	259,700	0
EOG Resources Inc	COM	26875P101	3,337,853	27,230	SH		SOLE		0	27,230	0
EQT Corp	COM	26884L109	31,076,664	673,968	SH		SOLE		0	673,968	0
Equinor ASA	SPONSORED ADR	29446M102	3,894,636	164,400	SH		SOLE		0	164,400	0
EQUITABLE HLDGS INC COM	COM	29452E101	943,400	20,000	SH		SOLE		0	20,000	0
Essential Utilities Inc	COM	29670G102	6,374,160	175,500	SH		SOLE		0	175,500	0
EVERUS CONSTR GROUP	COM	300426103	31,610,956	480,775	SH		SOLE		0	480,775	0
Exelon Corp	COM	30161N101	5,692,335	151,231	SH		SOLE		0	151,231	0
EXPAND ENERGY CORPORATION	COM	165167735	398,200	4,000	SH		SOLE		0	4,000	0
Exxon Mobil Corp	COM	30231G102	9,047,928	84,112	SH		SOLE		0	84,112	0
Fifth Third Bancorp	COM	316773100	380,520	9,000	SH		SOLE		0	9,000	0
First BanCorp/Puerto Rico	COM	318672706	371,800	20,000	SH		SOLE		0	20,000	0
First Citizens BancShares Inc/NC	CL A	31946M103	1,056,510	500	SH		SOLE		0	500	0
FLAGSTAR FINANCIAL INC	COM NEW	649445400	1,866,000	200,000	SH		SOLE		0	200,000	0
Fluor Corp	COM	343412102	51,322,392	1,040,600	SH		SOLE		0	1,040,600	0
Flushing Financial Corp	COM	343873105	928,200	65,000	SH		SOLE		0	65,000	0
Ford Motor Co	COM	345370860	4,172,850	421,500	SH		SOLE		0	421,500	0
Forestar Group Inc	COM	346232101	6,583,680	254,000	SH		SOLE		0	254,000	0
Fortis Inc/Canada	COM	349553107	5,062,228	121,776	SH		SOLE		0	121,776	0
Freeport-McMoRan Inc	CL B	35671D857	549,114	14,420	SH		SOLE		0	14,420	0
Gap Inc/The	COM	364760108	9,480,356	401,200	SH		SOLE		0	401,200	0
Genuine Parts Co	COM	372460105	2,101,680	18,000	SH		SOLE		0	18,000	0
Gilead Sciences Inc	COM	375558103	5,338,986	57,800	SH		SOLE		0	57,800	0
Goldman Sachs Group Inc/The	COM	38141G104	1,317,026	2,300	SH		SOLE		0	2,300	0
Granite Construction Inc	COM	387328107	61,046,160	696,000	SH		SOLE		0	696,000	0
Graphic Packaging Holding Co	COM	388689101	51,642,024	1,901,400	SH		SOLE		0	1,901,400	0
Greenbrier Cos Inc/The	COM	393657101	12,033,327	197,300	SH		SOLE		0	197,300	0
Griffon Corp	COM	398433102	9,977,800	140,000	SH		SOLE		0	140,000	0
Groupon Inc	COM	399473206	10,399,185	855,900	SH		SOLE		0	855,900	0
GSK PLC	SPONSORED ADR	37733W204	4,212,619	124,560	SH		SOLE		0	124,560	0
GUESS INC	COM	401617105	4,538,568	322,800	SH		SOLE		0	322,800	0
Halliburton Co	COM	406216101	2,528,126	92,980	SH		SOLE		0	92,980	0
Hancock Whitney Corp	COM	410120109	1,915,200	35,000	SH		SOLE		0	35,000	0
Hanesbrands Inc	COM	410345102	62,198,554	7,641,100	SH		SOLE		0	7,641,100	0
HCA Healthcare Inc	COM	40412C101	2,641,320	8,800	SH		SOLE		0	8,800	0
Herc Holdings Inc	COM	42704L104	62,982,328	332,659	SH		SOLE		0	332,659	0
Hershey Co/The	COM	427866108	2,218,485	13,100	SH		SOLE		0	13,100	0
Hingham Institution For Savings The	COM	433323102	1,270,700	5,000	SH		SOLE		0	5,000	0
HomeStreet Inc	COM	43785V102	799,400	70,000	SH		SOLE		0	70,000	0
HomeTrust Bancshares Inc	COM	437872104	2,761,760	82,000	SH		SOLE		0	82,000	0
HP Inc	COM	40434L105	8,144,448	249,600	SH		SOLE		0	249,600	0
HSBC Holdings PLC	SPON ADR NEW	404280406	6,192,392	125,200	SH		SOLE		0	125,200	0
IES Holdings Inc	COM	44951W106	16,599,296	82,600	SH		SOLE		0	82,600	0
Immersion Corp	COM	452521107	127,537	14,609	SH		SOLE		0	14,609	0
Independent Bank Corp	COM	453836108	3,723,020	58,000	SH		SOLE		0	58,000	0
Independent Bank Group Inc	COM	45384B106	2,730,150	45,000	SH		SOLE		0	45,000	0
Ingredion Inc	COM	457187102	58,641,828	426,300	SH		SOLE		0	426,300	0
Insight Enterprises Inc	COM	45765U103	39,241,800	258,000	SH		SOLE		0	258,000	0
Interface Inc	COM	458665304	14,826,715	608,900	SH		SOLE		0	608,900	0
International Business Machines Corp	COM	459200101	11,165,605	50,792	SH		SOLE		0	50,792	0
Jabil Inc	COM	466313103	2,931,099	20,369	SH		SOLE		0	20,369	0
JELD-WEN Holding Inc	COM	47580P103	3,908,268	477,200	SH		SOLE		0	477,200	0
Johnson & Johnson	COM	478160104	8,004,717	55,350	SH		SOLE		0	55,350	0
JPMORGAN CHASE & CO.	COM	46625H100	8,581,618	35,800	SH		SOLE		0	35,800	0
KB HOME	COM	48666K109	44,117,836	671,300	SH		SOLE		0	671,300	0
KBR INC	COM	48242W106	47,021,781	811,700	SH		SOLE		0	811,700	0
Kenvue Inc	COM	49177J102	4,805,885	225,100	SH		SOLE		0	225,100	0
Keurig Dr Pepper Inc	COM	49271V100	4,962,540	154,500	SH		SOLE		0	154,500	0
KeyCorp	COM	493267108	857,000	50,000	SH		SOLE		0	50,000	0
Kimberly-Clark Corp	COM	494368103	2,647,008	20,200	SH		SOLE		0	20,200	0
Kinder Morgan Inc	COM	49456B101	28,054,613	1,023,891	SH		SOLE		0	1,023,891	0
Koppers Holdings Inc	COM	50060P106	5,977,800	184,500	SH		SOLE		0	184,500	0
Kraft Heinz Co/The	COM	500754106	4,032,223	131,300	SH		SOLE		0	131,300	0
Kroger Co/The	COM	501044101	3,332,675	54,500	SH		SOLE		0	54,500	0
Lamb Weston Holdings Inc	COM	513272104	1,557,139	23,300	SH		SOLE		0	23,300	0
LendingTree Inc	COM	52603B107	9,393,000	242,400	SH		SOLE		0	242,400	0
Liberty Energy Inc	COM CL A	53115L104	9,586,980	482,000	SH		SOLE		0	482,000	0
Lincoln National Corp	COM	534187109	54,189,219	1,708,900	SH		SOLE		0	1,708,900	0
Live Nation Entertainment Inc	COM	538034109	12,561,500	97,000	SH		SOLE		0	97,000	0
Lockheed Martin Corp	COM	539830109	2,672,670	5,500	SH		SOLE		0	5,500	0
Lowe's Cos Inc	COM	548661107	2,788,840	11,300	SH		SOLE		0	11,300	0
LPL Financial Holdings Inc	COM	50212V100	3,493,657	10,700	SH		SOLE		0	10,700	0
Lumen Technologies Inc	COM	550241103	45,089,334	8,491,400	SH		SOLE		0	8,491,400	0
M&T Bank Corp	COM	55261F104	1,222,065	6,500	SH		SOLE		0	6,500	0
M/I Homes Inc	COM	55305B101	43,674,075	328,500	SH		SOLE		0	328,500	0
Manulife Financial Corp	ADR	56501R106	7,057,158	229,800	SH		SOLE		0	229,800	0
Marathon Petroleum Corp	COM	56585A102	2,245,950	16,100	SH		SOLE		0	16,100	0
Masco Corp	COM	574599106	2,663,319	36,700	SH		SOLE		0	36,700	0
Masterbrand Inc	COMMON STOCK	57638P104	8,034,039	549,900	SH		SOLE		0	549,900	0
MASTERCARD INCORPORATED	CL A	57636Q104	1,579,710	3,000	SH		SOLE		0	3,000	0
MATTEL INC	COM	577081102	53,237,871	3,002,700	SH		SOLE		0	3,002,700	0
MCDONALDS CORP	COM	580135101	1,869,791	6,450	SH		SOLE		0	6,450	0
McKesson Corp	COM	58155Q103	2,906,541	5,100	SH		SOLE		0	5,100	0
MDU Resources Group Inc	COM	552690109	38,833,226	2,155,007	SH		SOLE		0	2,155,007	0
Medtronic PLC	SHS	G5960L103	4,529,196	56,700	SH		SOLE		0	56,700	0
Merck & Co Inc	COM	58933Y105	6,461,226	64,950	SH		SOLE		0	64,950	0
Mercury General Corp	COM	589400100	12,784,104	192,300	SH		SOLE		0	192,300	0
MERITAGE HOMES CORP	COM	59001A102	43,146,510	280,500	SH		SOLE		0	280,500	0
MGE Energy Inc	COM	55277P104	881,251	9,379	SH		SOLE		0	9,379	0
Microchip Technology Inc	COM	595017104	1,668,885	29,100	SH		SOLE		0	29,100	0
Midland States Bancorp Inc	COM	597742105	1,830,000	75,000	SH		SOLE		0	75,000	0
Moog Inc	COM	615394202	12,676,496	64,400	SH		SOLE		0	64,400	0
Morgan Stanley	COM	617446448	8,297,520	66,000	SH		SOLE		0	66,000	0
MPLX LP	COM UNIT REP LTD	55336V100	7,487,649	156,449	SH		SOLE		0	156,449	0
National Fuel Gas Co	COM	636180101	5,529,404	91,124	SH		SOLE		0	91,124	0
National Grid PLC	ADR	636274409	12,427,336	209,144	SH		SOLE		0	209,144	0
NB Bancorp Inc	COM	63945M107	3,702,300	205,000	SH		SOLE		0	205,000	0
New Jersey Resources Corp	COM	646025106	5,954,126	127,634	SH		SOLE		0	127,634	0
NEWELL BRANDS INC	COM	651229106	72,431,112	7,272,200	SH		SOLE		0	7,272,200	0
NextEra Energy Inc	COM	65339F101	614,383	8,570	SH		SOLE		0	8,570	0
NiSource Inc	COM	65473P105	15,515,698	422,081	SH		SOLE		0	422,081	0
Nordstrom Inc	COM	655664100	56,025,585	2,319,900	SH		SOLE		0	2,319,900	0
Northeast Community Bancorp Inc	COM	664121100	856,100	35,000	SH		SOLE		0	35,000	0
Northwest Natural Holding Co	COM	66765N105	2,274,819	57,503	SH		SOLE		0	57,503	0
Northwestern Energy Group Inc	COM	668074305	1,010,287	18,898	SH		SOLE		0	18,898	0
NOV INC	COM	62955J103	487,640	33,400	SH		SOLE		0	33,400	0
Nucor Corp	COM	670346105	1,727,308	14,800	SH		SOLE		0	14,800	0
NVR INC	COM	62944T105	2,453,670	300	SH		SOLE		0	300	0
OceanFirst Financial Corp	COM	675234108	3,620,000	200,000	SH		SOLE		0	200,000	0
Old National Bancorp/IN	COM	680033107	2,322,435	107,000	SH		SOLE		0	107,000	0
Omnicom Group Inc	COM	681919106	2,409,120	28,000	SH		SOLE		0	28,000	0
ON Semiconductor Corp	COM	682189105	2,118,480	33,600	SH		SOLE		0	33,600	0
ONE Gas Inc	COM	68235P108	6,078,419	87,775	SH		SOLE		0	87,775	0
ONEOK Inc	COM	682680103	28,939,798	288,245	SH		SOLE		0	288,245	0
Orange County Bancorp Inc	COM	68417L107	1,555,960	28,000	SH		SOLE		0	28,000	0
Oscar Health Inc	COM	687793109	56,292,096	4,188,400	SH		SOLE		0	4,188,400	0
PACCAR INC	COM	693718108	2,746,128	26,400	SH		SOLE		0	26,400	0
Pacific Premier Bancorp Inc	COM	69478X105	2,865,800	115,000	SH		SOLE		0	115,000	0
PAYPAL HLDGS INC	COM	70450Y103	1,621,650	19,000	SH		SOLE		0	19,000	0
Peloton Interactive Inc	COM	70614W100	85,260,000	9,800,000	SH		SOLE		0	9,800,000	0
Penguin Solutions Inc	COM	G8232Y101	9,291,798	484,200	SH		SOLE		0	484,200	0
PepsiCo Inc	COM	713448108	4,516,182	29,700	SH		SOLE		0	29,700	0
Petroleo Brasileiro SA	SPONSORED ADR	71654V408	3,906,868	303,800	SH		SOLE		0	303,800	0
Pfizer Inc	COM	717081103	4,610,914	173,800	SH		SOLE		0	173,800	0
PG&E Corp	COM	69331C108	17,287,177	856,649	SH		SOLE		0	856,649	0
Philip Morris International Inc	COM	718172109	9,471,545	78,700	SH		SOLE		0	78,700	0
Phillips 66	COM	718546104	398,755	3,500	SH		SOLE		0	3,500	0
Plains All American Pipeline LP	UNIT LTD PARTN	726503105	7,184,292	420,626	SH		SOLE		0	420,626	0
PNC Financial Services Group Inc/The	COM	693475105	1,542,800	8,000	SH		SOLE		0	8,000	0
POST HLDGS INC	COM	737446104	56,863,728	496,800	SH		SOLE		0	496,800	0
PPL CORP	COM	69351T106	6,181,001	190,419	SH		SOLE		0	190,419	0
Procter & Gamble Co/The	COM	742718109	7,418,513	44,250	SH		SOLE		0	44,250	0
ProFrac Holding Corp	CLASS A COM	74319N100	232,800	30,000	SH		SOLE		0	30,000	0
Provident Financial Services Inc	COM	74386T105	3,207,900	170,000	SH		SOLE		0	170,000	0
Public Service Enterprise Group Inc	COM	744573106	15,503,070	183,490	SH		SOLE		0	183,490	0
PulteGroup Inc	COM	745867101	2,570,040	23,600	SH		SOLE		0	23,600	0
PVH Corp	COM	693656100	8,500,185	80,380	SH		SOLE		0	80,380	0
Quanex Building Products Corp	COM	747619104	6,608,260	272,618	SH		SOLE		0	272,618	0
REDFIN CORP	COM	75737F108	40,108,668	5,096,400	SH		SOLE		0	5,096,400	0
REV GROUP INC	COM	749527107	14,688,883	460,900	SH		SOLE		0	460,900	0
RGC RES INC	COM	74955L103	314,019	15,654	SH		SOLE		0	15,654	0
RINGCENTRAL INC	CL A	76680R206	59,054,868	1,686,800	SH		SOLE		0	1,686,800	0
ROBINHOOD MKTS INC	COM CL A	770700102	1,304,100	35,000	SH		SOLE		0	35,000	0
Royal Bank of Canada	ADR	780087102	5,977,296	49,600	SH		SOLE		0	49,600	0
RTX Corp	COM	75513E101	6,700,188	57,900	SH		SOLE		0	57,900	0
Schlumberger NV	COM STK CL A	806857108	567,815	14,810	SH		SOLE		0	14,810	0
Sempra	COM	816851109	24,524,758	279,580	SH		SOLE		0	279,580	0
Shell PLC	SPON ADS	780259305	4,892,965	78,100	SH		SOLE		0	78,100	0
SiriusPoint Ltd	COM	G8192H106	12,851,481	784,105	SH		SOLE		0	784,105	0
Solventum Corp	COM	83444M101	411,224	6,225	SH		SOLE		0	6,225	0
SOUTH BOW CORP	COM	83671M105	275,769	11,700	SH		SOLE		0	11,700	0
Southern Co/The	COM	842587107	24,095,064	292,700	SH		SOLE		0	292,700	0
Southwest Gas Holdings Inc	COM	844895102	7,835,870	110,817	SH		SOLE		0	110,817	0
Spire Inc	COM	84857L101	4,316,769	63,641	SH		SOLE		0	63,641	0
Sprouts Farmers Market Inc	COM	85208M102	20,191,423	158,900	SH		SOLE		0	158,900	0
Starbucks Corp	COM	855244109	4,845,375	53,100	SH		SOLE		0	53,100	0
Steel Dynamics Inc	COM	858119100	2,520,947	22,100	SH		SOLE		0	22,100	0
Stellantis NV	ADR	N82405106	4,670,595	357,900	SH		SOLE		0	357,900	0
Stride Inc	COM	86333M108	16,670,372	160,400	SH		SOLE		0	160,400	0
Suncor Energy Inc	ADR	867224107	6,014,221	168,560	SH		SOLE		0	168,560	0
Synchrony Financial	COM	87165B103	1,040,000	16,000	SH		SOLE		0	16,000	0
Targa Resources Corp	COM	87612G101	2,766,750	15,500	SH		SOLE		0	15,500	0
TC Energy Corp	ADR	87807B107	26,833,851	576,700	SH		SOLE		0	576,700	0
TechnipFMC PLC	ADR	G87110105	11,713,176	404,740	SH		SOLE		0	404,740	0
Tenaris SA	SPONSORED ADR	88031M109	453,480	12,000	SH		SOLE		0	12,000	0
Tenet Healthcare Corp	COM	88033G407	12,219,064	96,800	SH		SOLE		0	96,800	0
Teva Pharmaceutical Industries Ltd	ADR	881624209	16,014,264	726,600	SH		SOLE		0	726,600	0
Texas Capital Bancshares Inc	COM	88224Q107	782,000	10,000	SH		SOLE		0	10,000	0
Texas Instruments Inc	COM	882508104	5,587,798	29,800	SH		SOLE		0	29,800	0
Toll Brothers Inc	COM	889478103	9,937,455	78,900	SH		SOLE		0	78,900	0
Toronto-Dominion Bank/The	ADR	891160509	4,360,356	81,900	SH		SOLE		0	81,900	0
TotalEnergies SE	SPONSORED ADS	89151E109	4,114,750	75,500	SH		SOLE		0	75,500	0
Tractor Supply Co	COM	892356106	2,987,278	56,300	SH		SOLE		0	56,300	0
TRUIST FINANCIAL CORP	COM	89832Q109	1,171,260	27,000	SH		SOLE		0	27,000	0
Turtle Beach Corp	COM	900450206	9,927,285	573,500	SH		SOLE		0	573,500	0
Tutor Perini Corp	COM	901109108	16,528,140	682,981	SH		SOLE		0	682,981	0
UGI Corp	COM	902681105	67,067,479	2,375,752	SH		SOLE		0	2,375,752	0
ULTA BEAUTY INC	COM	90384S303	2,261,636	5,200	SH		SOLE		0	5,200	0
Ultrapar Participacoes SA	ADR	90400P101	4,763,982	1,811,400	SH		SOLE		0	1,811,400	0
UMB Financial Corp	COM	902788108	1,015,740	9,000	SH		SOLE		0	9,000	0
Unilever PLC	SPON ADR NEW	904767704	5,738,040	101,200	SH		SOLE		0	101,200	0
United Microelectronics Corp	SPON ADR NEW	910873405	97,311	14,994	SH		SOLE		0	14,994	0
United Parcel Service Inc	CL B	911312106	1,979,770	15,700	SH		SOLE		0	15,700	0
United Rentals Inc	COM	911363109	3,169,980	4,500	SH		SOLE		0	4,500	0
Unitil Corp	COM	913259107	834,418	15,398	SH		SOLE		0	15,398	0
Universal Technical Institute Inc	COM	913915104	17,763,039	690,900	SH		SOLE		0	690,900	0
Urban Outfitters Inc	COM	917047102	12,358,976	225,200	SH		SOLE		0	225,200	0
US Bancorp	COM	902973304	478,300	10,000	SH		SOLE		0	10,000	0
Valero Energy Corp	COM	91913Y100	3,009,585	24,550	SH		SOLE		0	24,550	0
Verizon Communications Inc	COM	92343V104	9,115,721	227,950	SH		SOLE		0	227,950	0
VIASAT INC	COM CL A	92552V100	91,389	10,739	SH		SOLE		0	10,739	0
VISA INC	COM CL A	92826C839	1,516,992	4,800	SH		SOLE		0	4,800	0
VOYA FINANCIAL INC	COM	929089100	47,155,433	685,100	SH		SOLE		0	685,100	0
VSE Corp	COM	918284100	12,167,665	127,946	SH		SOLE		0	127,946	0
WaFd Inc	COM	938824109	3,062,800	95,000	SH		SOLE		0	95,000	0
Walgreens Boots Alliance Inc	COM	931427108	648,902	69,550	SH		SOLE		0	69,550	0
Washington Trust Bancorp Inc	COM	940610108	1,881,000	60,000	SH		SOLE		0	60,000	0
Webster Financial Corp	COM	947890109	773,080	14,000	SH		SOLE		0	14,000	0
WEC Energy Group Inc	COM	92939U106	16,874,538	179,440	SH		SOLE		0	179,440	0
Wells Fargo & Co	COM	949746101	8,758,928	124,700	SH		SOLE		0	124,700	0
Western Midstream Partners LP	COM UNIT LP INT	958669103	4,523,211	117,700	SH		SOLE		0	117,700	0
Western New England Bancorp Inc	COM	958892101	3,680,000	400,000	SH		SOLE		0	400,000	0
Williams Cos Inc/The	COM	969457100	4,851,966	89,652	SH		SOLE		0	89,652	0
Williams-Sonoma Inc	COM	969904101	4,573,946	24,700	SH		SOLE		0	24,700	0
Wintrust Financial Corp	COM	97650W108	1,122,390	9,000	SH		SOLE		0	9,000	0
WORLD KINECT CORPORATION	COM	981475106	50,707,367	1,843,234	SH		SOLE		0	1,843,234	0
Xcel Energy Inc	COM	98389B100	8,102,332	119,999	SH		SOLE		0	119,999	0