River Road Asset Management 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
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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
AbbVie, Inc.	COM	00287Y109	28,971	257,198	SH		SOLE		217,835	0	39,363
Advance Auto Parts, Inc.	COM	00751Y106	192,332	937,566	SH		SOLE		793,467	0	144,099
AES Corporation	COM	00130H105	100,640	3,860,376	SH		SOLE		2,245,180	0	1,615,196
Air Transport Services Group,	COM	00922R105	202,928	8,735,619	SH		SOLE		7,716,126	0	1,019,493
Albertsons Companies, Inc. Cla	COM	013091103	8,781	446,639	SH		SOLE		446,639	0	0
Alphabet Inc. Class C	COM	02079K107	46,963	18,738	SH		SOLE		18,738	0	0
Altice USA, Inc. Class A	COM	02156K103	5,815	170,324	SH		SOLE		170,324	0	0
American Electric Power Compan	COM	025537101	33,031	390,482	SH		SOLE		390,482	0	0
American Equity Investment Lif	COM	025676206	119,691	3,703,325	SH		SOLE		3,584,104	0	119,221
Amgen Inc.	COM	031162100	25,289	103,750	SH		SOLE		87,920	0	15,830
Api Group Corporation	COM	00187Y100	10,330	494,500	SH		SOLE		494,500	0	0
Apollo Global Management Inc.	COM	03768E105	9,585	154,101	SH		SOLE		154,101	0	0
Ares Management Corporation	COM	03990B101	16,213	254,959	SH		SOLE		254,959	0	0
Argan, Inc.	COM	04010E109	84,827	1,774,986	SH		SOLE		1,716,377	0	58,609
Armstrong World Industries, In	COM	04247X102	126,774	1,181,936	SH		SOLE		1,145,847	0	36,089
Atkore Inc	COM	047649108	70,598	994,337	SH		SOLE		958,053	0	36,284
Atlantica Sustainable Infrastr	COM	G0751N103	25,426	683,140	SH		SOLE		577,767	0	105,373
Atmos Energy Corporation	COM	049560105	410	4,264	SH		SOLE		4,264	0	0
Avaya Holdings Corp.	COM	05351X101	216,689	8,055,348	SH		SOLE		6,919,396	0	1,135,952
Axalta Coating Systems Ltd.	COM	G0750C108	76,001	2,492,639	SH		SOLE		2,401,194	0	91,445
Axis Capital Holdings Limited	COM	G0692U109	162,942	3,324,671	SH		SOLE		2,626,140	0	698,531
Barrett Business Services, Inc	COM	068463108	10,424	143,562	SH		SOLE		127,894	0	15,668
Berkshire Hathaway Inc. Class	COM	084670702	285,367	1,026,796	SH		SOLE		668,076	0	358,720
BJ's Wholesale Club Holdings,	COM	05550J101	148,057	3,111,750	SH		SOLE		2,991,547	0	120,203
Black Hills Corporation	COM	092113109	18,338	279,422	SH		SOLE		236,700	0	42,722
Bristol-Myers Squibb Company	COM	110122108	122,730	1,836,729	SH		SOLE		1,147,999	0	688,730
Caci International Inc Class A	COM	127190304	106,508	417,483	SH		SOLE		346,468	0	71,015
Cannae Holdings, Inc.	COM	13765N107	236,964	6,988,022	SH		SOLE		5,945,872	0	1,042,150
Carlisle Companies Incorporate	COM	142339100	8,548	44,663	SH		SOLE		44,663	0	0
Cass Information Systems, Inc.	COM	14808P109	5,907	144,957	SH		SOLE		118,173	0	26,784
Cboe Global Markets Inc	COM	12503M108	5,041	42,341	SH		SOLE		42,341	0	0
CDK Global, Inc.	COM	12508E101	96,340	1,938,814	SH		SOLE		1,863,550	0	75,264
Centene Corporation	COM	15135B101	5,553	76,141	SH		SOLE		76,141	0	0
Chubb Limited	COM	H1467J104	24,100	151,627	SH		SOLE		128,318	0	23,309
Cisco Systems, Inc.	COM	17275R102	113,731	2,145,859	SH		SOLE		1,296,511	0	849,348
CNA Financial Corporation	COM	126117100	64,059	1,408,195	SH		SOLE		1,343,386	0	64,809
Colfax Corporation	COM	194014106	42,453	926,711	SH		SOLE		893,151	0	33,560
Comcast Corporation Class A	COM	20030N101	238,395	4,180,908	SH		SOLE		2,996,708	0	1,184,200
Comfort Systems USA, Inc.	COM	199908104	107,357	1,362,577	SH		SOLE		1,314,917	0	47,660
Computer Programs and Systems,	COM	205306103	34,136	1,027,272	SH		SOLE		972,619	0	54,653
CoreCivic, Inc.	COM	21871N101	71,650	6,843,357	SH		SOLE		6,711,314	0	132,043
Corning Inc	COM	219350105	46,643	1,140,419	SH		SOLE		964,216	0	176,203
CSG Systems International, Inc	COM	126349109	8,187	173,534	SH		SOLE		147,322	0	26,212
Curtiss-Wright Corporation	COM	231561101	31,897	268,585	SH		SOLE		268,585	0	0
CVS Health Corporation	COM	126650100	33,236	398,320	SH		SOLE		398,320	0	0
D.R. Horton, Inc.	COM	23331A109	72,211	799,059	SH		SOLE		489,643	0	309,416
Dollar General Corporation	COM	256677105	626	2,891	SH		SOLE		2,891	0	0
Dollar Tree, Inc.	COM	256746108	55,612	558,918	SH		SOLE		558,918	0	0
DXC Technology Co.	COM	23355L106	85,296	2,190,448	SH		SOLE		2,092,119	0	98,329
Enterprise Products Partners L	COM	293792107	17,534	726,663	SH		SOLE		615,869	0	110,794
ePlus inc.	COM	294268107	82,821	955,367	SH		SOLE		918,165	0	37,202
Evolution Petroleum Corporatio	COM	30049A107	6,646	1,339,958	SH		SOLE		1,185,947	0	154,011
Facebook, Inc. Class A	COM	30303M102	109,023	313,547	SH		SOLE		169,509	0	144,038
Fidelity National Financial, I	COM	31620R303	262,418	6,038,152	SH		SOLE		4,943,067	0	1,095,085
First American Financial Corpo	COM	31847R102	6,068	97,328	SH		SOLE		97,328	0	0
Fiserv, Inc.	COM	337738108	102,051	954,726	SH		SOLE		706,036	0	248,690
Foley Trasimene Acquisition Co	COM	34431F104	47,268	4,838,081	SH		SOLE		4,671,466	0	166,615
Fomento Economico Mexicano SAB	COM	344419106	112,895	1,335,877	SH		SOLE		749,070	0	586,807
FS KKR Capital Corp.	COM	302635206	18,467	858,532	SH		SOLE		820,602	0	37,930
General Dynamics Corporation	COM	369550108	36,067	191,583	SH		SOLE		179,519	0	12,064
Genuine Parts Company	COM	372460105	28,973	229,090	SH		SOLE		194,083	0	35,007
Genworth Financial, Inc. Class	COM	37247D106	58,787	15,073,679	SH		SOLE		14,570,529	0	503,150
GMS Inc.	COM	36251C103	17,314	359,651	SH		SOLE		321,089	0	38,562
GoHealth Inc Class A	COM	38046W105	127,118	11,339,705	SH		SOLE		8,702,914	0	2,636,791
GrafTech International Ltd.	COM	384313508	86,224	7,420,274	SH		SOLE		7,163,463	0	256,811
Hackett Group, Inc.	COM	404609109	4,784	265,478	SH		SOLE		216,190	0	49,288
Haemonetics Corporation	COM	405024100	19,500	292,616	SH		SOLE		282,711	0	9,905
Harsco Corporation	COM	415864107	53,094	2,600,116	SH		SOLE		2,520,602	0	79,514
Hawaiian Electric Industries,	COM	419870100	6,458	152,750	SH		SOLE		152,750	0	0
HollyFrontier Corporation	COM	436106108	61,890	1,881,144	SH		SOLE		1,817,192	0	63,952
Home Depot, Inc.	COM	437076102	14,894	46,707	SH		SOLE		39,598	0	7,109
Hostess Brands, Inc. Class A	COM	44109J106	138,049	8,526,790	SH		SOLE		8,246,269	0	280,521
Huntington Ingalls Industries,	COM	446413106	70,797	335,928	SH		SOLE		335,928	0	0
IDACORP, Inc.	COM	451107106	19,177	196,689	SH		SOLE		166,536	0	30,153
Ingles Markets, Incorporated C	COM	457030104	49,706	853,029	SH		SOLE		817,244	0	35,785
Intercontinental Exchange, Inc	COM	45866F104	539	4,543	SH		SOLE		4,543	0	0
Interpublic Group of Companies	COM	460690100	21,809	671,255	SH		SOLE		575,779	0	95,476
Ituran Location and Control Lt	COM	M6158M104	29,273	1,074,620	SH		SOLE		1,003,066	0	71,554
J. Alexander's Holdings, Inc.	COM	46609J106	9,578	822,833	SH		SOLE		728,130	0	94,703
J.M. Smucker Company	COM	832696405	12,503	96,496	SH		SOLE		81,574	0	14,922
Kimberly-Clark Corporation	COM	494368103	28,692	214,471	SH		SOLE		181,517	0	32,954
Kinder Morgan Inc Class P	COM	49456B101	32,867	1,802,887	SH		SOLE		1,527,235	0	275,652
KKR & Co. Inc.	COM	48251W104	79,216	1,337,209	SH		SOLE		1,337,209	0	0
Lazard Ltd Class A	COM	G54050102	9,991	220,793	SH		SOLE		195,724	0	25,069
Liberty Broadband Corp. Class	COM	530307305	312,888	1,801,728	SH		SOLE		1,179,496	0	622,232
Liberty Global Plc Class C	COM	G5480U120	8,809	325,777	SH		SOLE		325,777	0	0
Liberty Latin America Ltd. Cla	COM	G9001E102	23,350	1,684,722	SH		SOLE		1,684,722	0	0
Liberty Latin America Ltd. Cla	COM	G9001E128	71,489	5,070,140	SH		SOLE		4,841,561	0	228,579
Liberty Media Corp. Series C L	COM	531229888	499	17,970	SH		SOLE		17,970	0	0
Liberty Media Corp. Series C L	COM	531229607	174,753	3,767,032	SH		SOLE		2,666,221	0	1,100,811
LKQ Corporation	COM	501889208	273,387	5,554,384	SH		SOLE		4,663,411	0	890,973
Lockheed Martin Corporation	COM	539830109	10,692	28,259	SH		SOLE		23,894	0	4,365
M&T Bank Corporation	COM	55261F104	22,952	157,952	SH		SOLE		133,893	0	24,059
Madison Square Garden Entertai	COM	55826T102	444	5,282	SH		SOLE		5,282	0	0
Madison Square Garden Sports C	COM	55825T103	31,651	183,408	SH		SOLE		183,408	0	0
Magellan Midstream Partners, L	COM	559080106	5,569	113,869	SH		SOLE		95,170	0	18,699
Magna International Inc.	COM	559222401	22,976	248,016	SH		SOLE		222,180	0	25,836
Marathon Petroleum Corporation	COM	56585A102	34,669	573,806	SH		SOLE		506,777	0	67,029
McKesson Corporation	COM	58155Q103	37,663	196,943	SH		SOLE		196,943	0	0
MEDNAX, Inc.	COM	58502B106	35,051	1,162,545	SH		SOLE		1,110,443	0	52,102
Medtronic PLC	COM	G5960L103	9,563	77,042	SH		SOLE		65,202	0	11,840
Merck & Co., Inc.	COM	58933Y105	16,106	207,100	SH		SOLE		180,699	0	26,401
Molson Coors Beverage Company	COM	60871R209	139,278	2,594,106	SH		SOLE		1,986,174	0	607,932
MSC Industrial Direct Co., Inc	COM	553530106	8,481	94,521	SH		SOLE		84,720	0	9,801
Murphy USA, Inc.	COM	626755102	148,405	1,112,733	SH		SOLE		1,073,814	0	38,919
NCR Corporation	COM	62886E108	249,903	5,479,125	SH		SOLE		4,661,529	0	817,596
Newmark Group, Inc. Class A	COM	65158N102	32,980	2,746,057	SH		SOLE		2,663,018	0	83,039
News Corporation Class A	COM	65249B109	13,714	532,171	SH		SOLE		532,171	0	0
Nielsen Holdings Plc	COM	G6518L108	65,537	2,656,535	SH		SOLE		2,656,535	0	0
NortonLifeLock Inc.	COM	668771108	15,616	573,701	SH		SOLE		484,768	0	88,933
nVent Electric plc	COM	G6700G107	7,613	243,704	SH		SOLE		216,542	0	27,162
NVR, Inc.	COM	62944T105	43,208	8,688	SH		SOLE		8,688	0	0
Oaktree Specialty Lending Corp	COM	67401P108	45,689	6,829,437	SH		SOLE		6,505,005	0	324,432
OGE Energy Corp.	COM	670837103	35,077	1,042,414	SH		SOLE		1,042,414	0	0
Old Republic International Cor	COM	680223104	2,155	86,514	SH		SOLE		86,514	0	0
Oracle Corporation	COM	68389X105	21,815	280,253	SH		SOLE		237,735	0	42,518
ORBCOMM Inc.	COM	68555P100	18,102	1,610,499	SH		SOLE		1,437,150	0	173,349
PAE Incorporated Class A	COM	69290Y109	7,738	869,389	SH		SOLE		776,466	0	92,923
Park Aerospace Corp.	COM	70014A104	12,436	834,629	SH		SOLE		741,667	0	92,962
Patterson Companies Incorporat	COM	703395103	28,006	921,566	SH		SOLE		881,593	0	39,973
PBF Energy, Inc. Class A	COM	69318G106	13,654	892,436	SH		SOLE		857,169	0	35,267
PepsiCo, Inc.	COM	713448108	23,718	160,075	SH		SOLE		135,872	0	24,203
Pfizer Inc.	COM	717081103	23,599	602,628	SH		SOLE		515,543	0	87,085
Pinnacle West Capital Corporat	COM	723484101	28,424	346,767	SH		SOLE		346,767	0	0
Pioneer Natural Resources Comp	COM	723787107	35,383	217,713	SH		SOLE		217,713	0	0
PNC Financial Services Group,	COM	693475105	31,578	165,538	SH		SOLE		140,543	0	24,995
Premier Inc. Class A	COM	74051N102	251,451	7,227,690	SH		SOLE		5,937,050	0	1,290,640
Progressive Corporation	COM	743315103	88,652	902,677	SH		SOLE		673,802	0	228,875
Qualcomm Inc	COM	747525103	81,497	570,188	SH		SOLE		372,483	0	197,705
Quest Diagnostics Incorporated	COM	74834L100	12,417	94,086	SH		SOLE		81,315	0	12,771
Royal Gold, Inc.	COM	780287108	7,872	68,989	SH		SOLE		68,989	0	0
Sandstorm Gold Ltd.	COM	80013R206	317	40,115	SH		SOLE		40,115	0	0
SK Telecom Co., Ltd. Sponsored	COM	78440P108	208	6,632	SH		SOLE		6,632	0	0
Southwest Gas Holdings, Inc.	COM	844895102	24,071	363,658	SH		SOLE		325,176	0	38,482
SP Plus Corporation	COM	78469C103	29,769	973,174	SH		SOLE		920,757	0	52,417
Sysco Corporation	COM	871829107	20,864	268,344	SH		SOLE		228,199	0	40,145
T-Mobile US, Inc.	COM	872590104	38,384	265,026	SH		SOLE		265,026	0	0
Target Corporation	COM	87612E106	43,448	179,729	SH		SOLE		151,627	0	28,102
Texas Pacific Land Corporation	COM	88262P102	4,703	2,940	SH		SOLE		2,940	0	0
Trimas Corporation	COM	896215209	22,016	725,895	SH		SOLE		687,372	0	38,523
Truist Financial Corporation	COM	89832Q109	38,870	700,358	SH		SOLE		592,352	0	108,006
U.S. Bancorp	COM	902973304	35,469	622,591	SH		SOLE		525,254	0	97,337
UniFirst Corporation	COM	904708104	159,390	679,296	SH		SOLE		657,412	0	21,884
Unilever PLC Sponsored ADR	COM	904767704	116,348	1,988,849	SH		SOLE		1,224,716	0	764,133
United Parcel Service, Inc. Cl	COM	911312106	48,770	234,503	SH		SOLE		197,796	0	36,707
UnitedHealth Group Incorporate	COM	91324P102	31,993	79,895	SH		SOLE		79,895	0	0
Univar Solutions Inc.	COM	91336L107	38,389	1,574,623	SH		SOLE		1,521,703	0	52,920
US Ecology, Inc.	COM	91734M103	30,262	806,564	SH		SOLE		778,494	0	28,070
Verizon Communications Inc.	COM	92343V104	35,314	630,278	SH		SOLE		534,035	0	96,243
Viad Corp	COM	92552R406	51,589	1,034,893	SH		SOLE		990,627	0	44,266
Vistra Corp.	COM	92840M102	108,834	5,867,057	SH		SOLE		4,205,982	0	1,661,075
Vonage Holdings Corp.	COM	92886T201	51,245	3,556,195	SH		SOLE		3,417,833	0	138,362
Walgreens Boots Alliance Inc	COM	931427108	11,015	209,367	SH		SOLE		178,687	0	30,680
White Mountains Insurance Grou	COM	G9618E107	191,631	166,922	SH		SOLE		161,480	0	5,442
Whole Earth Brands Inc Class A	COM	96684W100	36,644	2,527,197	SH		SOLE		2,364,502	0	162,695
Williams Companies, Inc.	COM	969457100	31,742	1,195,567	SH		SOLE		1,062,434	0	133,133
World Fuel Services Corporatio	COM	981475106	97,310	3,066,821	SH		SOLE		1,877,282	0	1,189,539