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	25,813	239,300	SH		SOLE		200,541	0	38,759
ACI Worldwide, Inc.	COM	004498101	77,935	2,536,136	SH		SOLE		2,454,093	0	82,043
Advance Auto Parts, Inc.	COM	00751Y106	137,642	658,920	SH		SOLE		645,780	0	13,140
AES Corporation	COM	00130H105	106,168	4,650,389	SH		SOLE		2,476,128	0	2,174,261
Air Transport Services Group,	COM	00922R105	244,835	9,486,061	SH		SOLE		8,486,825	0	999,236
Albertsons Companies, Inc. Cla	COM	013091103	2,055	66,013	SH		SOLE		66,013	0	0
Alight Inc Class A	COM	01626W101	93,279	8,125,358	SH		SOLE		7,856,061	0	269,297
Alphabet Inc. Class C	COM	02079K107	27,271	10,232	SH		SOLE		10,232	0	0
America Movil SAB de CV Sponso	COM	02364W105	296	16,744	SH		SOLE		16,744	0	0
American Electric Power Compan	COM	025537101	39,391	485,228	SH		SOLE		485,228	0	0
American Equity Investment Lif	COM	025676206	157,347	5,321,184	SH		SOLE		4,507,869	0	813,315
Amgen Inc.	COM	031162100	20,524	96,516	SH		SOLE		80,922	0	15,594
Api Group Corporation	COM	00187Y100	8,885	436,620	SH		SOLE		436,620	0	0
Apollo Global Management Inc.	COM	03768E105	8,789	142,699	SH		SOLE		142,699	0	0
Ares Management Corporation	COM	03990B101	3,775	51,137	SH		SOLE		51,137	0	0
Argan, Inc.	COM	04010E109	78,303	1,793,063	SH		SOLE		1,735,454	0	57,609
Armstrong World Industries, In	COM	04247X102	117,208	1,227,693	SH		SOLE		1,191,604	0	36,089
Atkore Inc	COM	047649108	69,963	804,913	SH		SOLE		778,063	0	26,850
Atlantica Sustainable Infrastr	COM	G0751N103	21,931	635,503	SH		SOLE		531,700	0	103,803
Avaya Holdings Corp.	COM	05351X101	159,041	8,036,426	SH		SOLE		7,026,871	0	1,009,555
Axalta Coating Systems Ltd.	COM	G0750C108	180,854	6,195,756	SH		SOLE		4,954,562	0	1,241,194
Axis Capital Holdings Limited	COM	G0692U109	92,692	2,013,299	SH		SOLE		1,897,451	0	115,848
Barrett Business Services, Inc	COM	068463108	10,910	143,062	SH		SOLE		127,894	0	15,168
Berkshire Hathaway Inc. Class	COM	084670702	282,355	1,034,494	SH		SOLE		682,999	0	351,495
BJ's Wholesale Club Holdings,	COM	05550J101	128,616	2,341,880	SH		SOLE		2,247,290	0	94,590
Black Hills Corporation	COM	092113109	16,321	260,052	SH		SOLE		217,970	0	42,082
Bristol-Myers Squibb Company	COM	110122108	95,468	1,613,454	SH		SOLE		1,017,666	0	595,788
Caci International Inc Class A	COM	127190304	120,405	459,386	SH		SOLE		376,542	0	82,844
Cannae Holdings, Inc.	COM	13765N107	224,022	7,200,975	SH		SOLE		6,170,483	0	1,030,492
Carlisle Companies Incorporate	COM	142339100	5,761	28,981	SH		SOLE		28,981	0	0
Cass Information Systems, Inc.	COM	14808P109	5,533	132,217	SH		SOLE		105,891	0	26,326
CDK Global, Inc.	COM	12508E101	86,398	2,030,509	SH		SOLE		1,955,245	0	75,264
Centene Corporation	COM	15135B101	7,769	124,685	SH		SOLE		124,685	0	0
Check Point Software Technolog	COM	M22465104	463	4,098	SH		SOLE		4,098	0	0
Chubb Limited	COM	H1467J104	24,509	141,276	SH		SOLE		118,316	0	22,960
Cisco Systems, Inc.	COM	17275R102	34,531	634,417	SH		SOLE		522,483	0	111,934
CNA Financial Corporation	COM	126117100	54,390	1,296,225	SH		SOLE		1,232,439	0	63,786
Colfax Corporation	COM	194014106	37,201	810,478	SH		SOLE		777,918	0	32,560
Comcast Corporation Class A	COM	20030N101	214,872	3,841,800	SH		SOLE		2,680,657	0	1,161,143
Comfort Systems USA, Inc.	COM	199908104	98,926	1,387,078	SH		SOLE		1,339,418	0	47,660
Computer Programs and Systems,	COM	205306103	36,213	1,021,232	SH		SOLE		966,579	0	54,653
CoreCivic, Inc.	COM	21871N101	62,865	7,063,452	SH		SOLE		6,931,409	0	132,043
Corning Inc	COM	219350105	38,727	1,061,317	SH		SOLE		887,705	0	173,612
CSG Systems International, Inc	COM	126349109	7,786	161,538	SH		SOLE		135,734	0	25,804
Curtiss-Wright Corporation	COM	231561101	54,277	430,159	SH		SOLE		430,159	0	0
CVS Health Corporation	COM	126650100	16,520	194,679	SH		SOLE		194,679	0	0
D.R. Horton, Inc.	COM	23331A109	66,515	792,132	SH		SOLE		488,832	0	303,300
Dollar Tree, Inc.	COM	256746108	25,703	268,518	SH		SOLE		268,518	0	0
DXC Technology Co.	COM	23355L106	65,072	1,936,095	SH		SOLE		1,857,570	0	78,525
eHealth, Inc.	COM	28238P109	7,287	179,921	SH		SOLE		174,074	0	5,847
Elbit Systems Ltd	COM	M3760D101	495	3,416	SH		SOLE		3,416	0	0
Enterprise Products Partners L	COM	293792107	14,205	656,419	SH		SOLE		548,247	0	108,172
ePlus inc.	COM	294268107	99,103	965,824	SH		SOLE		930,822	0	35,002
Evolution Petroleum Corporatio	COM	30049A107	7,039	1,239,302	SH		SOLE		1,102,079	0	137,223
Fidelity National Financial, I	COM	31620R303	223,758	4,935,109	SH		SOLE		3,861,462	0	1,073,647
Fiserv, Inc.	COM	337738108	181,859	1,676,118	SH		SOLE		1,208,525	0	467,593
Fomento Economico Mexicano SAB	COM	344419106	113,531	1,309,165	SH		SOLE		734,154	0	575,011
FS KKR Capital Corp.	COM	302635206	18,053	819,117	SH		SOLE		781,187	0	37,930
General Dynamics Corporation	COM	369550108	14,001	71,423	SH		SOLE		59,549	0	11,874
Genpact Limited	COM	G3922B107	342	7,203	SH		SOLE		7,203	0	0
Genuine Parts Company	COM	372460105	25,843	213,170	SH		SOLE		178,687	0	34,483
Genworth Financial, Inc. Class	COM	37247D106	63,542	16,944,632	SH		SOLE		16,300,727	0	643,905
GMS Inc.	COM	36251C103	16,322	372,651	SH		SOLE		334,089	0	38,562
GoHealth Inc Class A	COM	38046W105	21,847	4,343,312	SH		SOLE		4,190,106	0	153,206
GrafTech International Ltd.	COM	384313508	79,364	7,690,268	SH		SOLE		7,433,457	0	256,811
Haemonetics Corporation	COM	405024100	28,863	408,887	SH		SOLE		395,922	0	12,965
Harsco Corporation	COM	415864107	45,927	2,709,559	SH		SOLE		2,630,045	0	79,514
Herbalife Nutrition Ltd.	COM	G4412G101	4,416	104,194	SH		SOLE		104,194	0	0
HollyFrontier Corporation	COM	436106108	64,064	1,933,714	SH		SOLE		1,872,762	0	60,952
Home Depot, Inc.	COM	437076102	5,905	17,989	SH		SOLE		15,021	0	2,968
Hostess Brands, Inc. Class A	COM	44109J106	148,114	8,527,007	SH		SOLE		8,262,486	0	264,521
Huntington Ingalls Industries,	COM	446413106	65,414	338,826	SH		SOLE		338,826	0	0
IDACORP, Inc.	COM	451107106	18,924	183,049	SH		SOLE		153,349	0	29,700
Ingles Markets, Incorporated C	COM	457030104	57,082	864,484	SH		SOLE		828,699	0	35,785
Interpublic Group of Companies	COM	460690100	22,866	623,556	SH		SOLE		529,604	0	93,952
Itau Unibanco Holding S.A. Spo	COM	465562106	222	42,086	SH		SOLE		42,086	0	0
Ituran Location and Control Lt	COM	M6158M104	26,842	1,057,190	SH		SOLE		988,636	0	68,554
J.M. Smucker Company	COM	832696405	10,776	89,776	SH		SOLE		75,073	0	14,703
Keurig Dr Pepper Inc.	COM	49271V100	49,504	1,449,182	SH		SOLE		1,449,182	0	0
Kimberly-Clark Corporation	COM	494368103	26,439	199,629	SH		SOLE		167,173	0	32,456
Kinder Morgan Inc Class P	COM	49456B101	28,049	1,676,592	SH		SOLE		1,405,082	0	271,510
KKR & Co. Inc.	COM	48251W104	87,535	1,437,834	SH		SOLE		1,437,834	0	0
Liberty Broadband Corp. Class	COM	530307305	261,717	1,515,443	SH		SOLE		992,166	0	523,277
Liberty Global Plc Class C	COM	G5480U120	6,178	209,702	SH		SOLE		209,702	0	0
Liberty Latin America Ltd. Cla	COM	G9001E102	22,636	1,730,616	SH		SOLE		1,730,616	0	0
Liberty Latin America Ltd. Cla	COM	G9001E128	67,837	5,170,474	SH		SOLE		4,941,895	0	228,579
Liberty Media Corp. Series C L	COM	531229607	180,594	3,804,392	SH		SOLE		2,725,728	0	1,078,664
LKQ Corporation	COM	501889208	237,767	4,725,108	SH		SOLE		4,227,825	0	497,283
Lockheed Martin Corporation	COM	539830109	8,854	25,656	SH		SOLE		21,359	0	4,297
M&T Bank Corporation	COM	55261F104	21,944	146,941	SH		SOLE		123,240	0	23,701
Madison Square Garden Sports C	COM	55825T103	34,204	183,940	SH		SOLE		183,940	0	0
Magellan Midstream Partners, L	COM	559080106	4,686	102,813	SH		SOLE		84,523	0	18,290
Magna International Inc.	COM	559222401	17,293	229,842	SH		SOLE		204,606	0	25,236
Marathon Petroleum Corporation	COM	56585A102	32,736	529,631	SH		SOLE		463,575	0	66,056
McGrath RentCorp	COM	580589109	11,374	158,081	SH		SOLE		141,829	0	16,252
McKesson Corporation	COM	58155Q103	46,822	234,839	SH		SOLE		234,839	0	0
MEDNAX, Inc.	COM	58502B106	24,627	866,239	SH		SOLE		827,838	0	38,401
Medtronic PLC	COM	G5960L103	8,980	71,641	SH		SOLE		59,976	0	11,665
Merck & Co., Inc.	COM	58933Y105	14,445	192,323	SH		SOLE		166,408	0	25,915
Meta Platforms Inc. Class A	COM	30303M102	105,880	311,971	SH		SOLE		170,530	0	141,441
Molson Coors Beverage Company	COM	60871R209	142,534	3,073,173	SH		SOLE		2,264,867	0	808,306
MSC Industrial Direct Co., Inc	COM	553530106	7,580	94,521	SH		SOLE		84,720	0	9,801
Murphy USA, Inc.	COM	626755102	179,679	1,074,247	SH		SOLE		1,038,328	0	35,919
NCR Corporation	COM	62886E108	241,988	6,243,247	SH		SOLE		5,163,725	0	1,079,522
Newmark Group, Inc. Class A	COM	65158N102	33,507	2,341,527	SH		SOLE		2,276,332	0	65,195
News Corporation Class A	COM	65249B109	93,013	3,952,934	SH		SOLE		3,059,375	0	893,559
NortonLifeLock Inc.	COM	668771108	13,504	533,744	SH		SOLE		446,159	0	87,585
nVent Electric plc	COM	G6700G107	7,787	240,854	SH		SOLE		216,392	0	24,462
NVR, Inc.	COM	62944T105	41,550	8,667	SH		SOLE		8,667	0	0
Oaktree Specialty Lending Corp	COM	67401P108	44,192	6,259,534	SH		SOLE		5,957,130	0	302,404
OGE Energy Corp.	COM	670837103	35,122	1,065,608	SH		SOLE		1,065,608	0	0
Oracle Corporation	COM	68389X105	22,702	260,552	SH		SOLE		218,683	0	41,869
PAE Incorporated Class A	COM	69290Y109	19,370	3,239,194	SH		SOLE		2,990,609	0	248,585
Park Aerospace Corp.	COM	70014A104	11,938	872,629	SH		SOLE		779,667	0	92,962
Patterson Companies Incorporat	COM	703395103	56,590	1,877,559	SH		SOLE		1,798,567	0	78,992
PepsiCo, Inc.	COM	713448108	22,353	148,612	SH		SOLE		124,771	0	23,841
Pfizer Inc.	COM	717081103	24,070	559,648	SH		SOLE		473,936	0	85,712
Pinnacle West Capital Corporat	COM	723484101	25,414	351,211	SH		SOLE		351,211	0	0
Pioneer Natural Resources Comp	COM	723787107	48,754	292,802	SH		SOLE		292,802	0	0
PNC Financial Services Group,	COM	693475105	18,172	92,883	SH		SOLE		77,691	0	15,192
Premier Inc. Class A	COM	74051N102	266,057	6,864,224	SH		SOLE		5,851,070	0	1,013,154
Progressive Corporation	COM	743315103	138,984	1,537,609	SH		SOLE		1,098,780	0	438,829
Qualcomm Inc	COM	747525103	67,761	525,357	SH		SOLE		347,603	0	177,754
Quest Diagnostics Incorporated	COM	74834L100	9,575	65,892	SH		SOLE		55,669	0	10,223
Royal Gold, Inc.	COM	780287108	6,098	63,861	SH		SOLE		63,861	0	0
Sk Telecom Co Ltd Sponsored AD	COM	78440P108	567	18,853	SH		SOLE		18,853	0	0
Southwest Gas Holdings, Inc.	COM	844895102	24,435	365,358	SH		SOLE		328,376	0	36,982
SP Plus Corporation	COM	78469C103	49,868	1,625,948	SH		SOLE		1,527,188	0	98,760
St. Joe Company	COM	790148100	3,849	91,418	SH		SOLE		91,418	0	0
Sysco Corporation	COM	871829107	25,688	327,238	SH		SOLE		273,646	0	53,592
T-Mobile US, Inc.	COM	872590104	34,952	273,576	SH		SOLE		273,576	0	0
Target Corporation	COM	87612E106	32,356	141,434	SH		SOLE		118,288	0	23,146
Texas Pacific Land Corporation	COM	88262P102	3,037	2,511	SH		SOLE		2,511	0	0
Trimas Corporation	COM	896215209	24,888	769,112	SH		SOLE		730,589	0	38,523
Truist Financial Corporation	COM	89832Q109	38,214	651,562	SH		SOLE		545,135	0	106,427
U.S. Bancorp	COM	902973304	34,217	575,652	SH		SOLE		479,721	0	95,931
UniFirst Corporation	COM	904708104	153,365	721,312	SH		SOLE		699,428	0	21,884
Unilever PLC Sponsored ADR	COM	904767704	105,372	1,943,419	SH		SOLE		1,194,244	0	749,175
United Parcel Service, Inc. Cl	COM	911312106	39,619	217,568	SH		SOLE		181,403	0	36,165
UnitedHealth Group Incorporate	COM	91324P102	32,787	83,909	SH		SOLE		83,909	0	0
Univar Solutions Inc.	COM	91336L107	38,666	1,623,265	SH		SOLE		1,570,345	0	52,920
Verizon Communications Inc.	COM	92343V104	35,059	649,117	SH		SOLE		542,577	0	106,540
Viad Corp	COM	92552R406	37,914	834,935	SH		SOLE		800,999	0	33,936
Vistra Corp.	COM	92840M102	100,371	5,869,634	SH		SOLE		4,241,165	0	1,628,469
Vonage Holdings Corp.	COM	92886T201	56,873	3,528,114	SH		SOLE		3,401,952	0	126,162
Walgreens Boots Alliance Inc	COM	931427108	9,152	194,519	SH		SOLE		164,305	0	30,214
White Mountains Insurance Grou	COM	G9618E107	180,846	169,077	SH		SOLE		163,885	0	5,192
Whole Earth Brands Inc Class A	COM	96684W100	31,045	2,687,897	SH		SOLE		2,514,702	0	173,195
Williams Companies, Inc.	COM	969457100	28,824	1,111,197	SH		SOLE		980,052	0	131,145
Willis Towers Watson Public Li	COM	G96629103	52,992	227,962	SH		SOLE		227,962	0	0
World Fuel Services Corporatio	COM	981475106	105,112	3,126,459	SH		SOLE		1,961,490	0	1,164,969