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
Expires:	Oct 31, 2018
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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	29,817	183,929	SH		SOLE		152,860	0	31,069
ACI Worldwide, Inc.	COM	004498101	109,651	3,482,095	SH		SOLE		3,382,358	0	99,737
Advance Auto Parts, Inc.	COM	00751Y106	218,439	1,055,464	SH		SOLE		856,810	0	198,654
AES Corporation	COM	00130H105	109,207	4,244,356	SH		SOLE		2,396,472	0	1,847,884
Air Transport Services Group,	COM	00922R105	277,766	8,303,909	SH		SOLE		7,789,047	0	514,862
Albertsons Companies, Inc. Cla	COM	013091103	8,331	250,557	SH		SOLE		250,557	0	0
Alight Inc Class A	COM	01626W101	129,192	12,984,090	SH		SOLE		10,370,772	0	2,613,318
Alphabet Inc. Class C	COM	02079K107	160,753	57,556	SH		SOLE		41,976	0	15,580
American Equity Investment Lif	COM	025676206	160,521	4,022,083	SH		SOLE		3,623,033	0	399,050
Amgen Inc.	COM	031162100	18,306	75,699	SH		SOLE		62,806	0	12,893
Api Group Corporation	COM	00187Y100	8,102	385,238	SH		SOLE		385,238	0	0
Apollo Global Management Inc.	COM	03769M106	7,801	125,837	SH		SOLE		125,837	0	0
Ares Management Corporation	COM	03990B101	52,118	641,608	SH		SOLE		641,608	0	0
Argan, Inc.	COM	04010E109	76,213	1,877,626	SH		SOLE		1,823,931	0	53,695
Armstrong World Industries, In	COM	04247X102	129,715	1,441,119	SH		SOLE		1,402,287	0	38,832
Atkore Inc	COM	047649108	78,982	802,335	SH		SOLE		777,999	0	24,336
Atlantica Sustainable Infrastr	COM	G0751N103	15,870	452,530	SH		SOLE		375,999	0	76,531
Atmos Energy Corporation	COM	049560105	6,594	55,187	SH		SOLE		55,187	0	0
Avaya Holdings Corp.	COM	05351X101	79,544	6,278,117	SH		SOLE		6,099,174	0	178,943
Axalta Coating Systems Ltd.	COM	G0750C108	94,295	3,836,250	SH		SOLE		3,728,102	0	108,148
Axis Capital Holdings Limited	COM	G0692U109	109,107	1,804,315	SH		SOLE		1,701,914	0	102,401
Barrett Business Services, Inc	COM	068463108	8,448	109,043	SH		SOLE		98,788	0	10,255
Bath & Body Works, Inc.	COM	070830104	75,063	1,570,357	SH		SOLE		1,160,118	0	410,239
Berkshire Hathaway Inc. Class	COM	084670702	253,214	717,504	SH		SOLE		461,269	0	256,235
BJ's Wholesale Club Holdings,	COM	05550J101	202,266	2,991,651	SH		SOLE		2,904,436	0	87,215
Black Hills Corporation	COM	092113109	16,547	214,836	SH		SOLE		179,241	0	35,595
Bristol-Myers Squibb Company	COM	110122108	30,178	413,233	SH		SOLE		336,231	0	77,002
Caci International Inc Class A	COM	127190304	62,295	206,781	SH		SOLE		179,152	0	27,629
Cannae Holdings, Inc.	COM	13765N107	161,500	6,751,655	SH		SOLE		6,144,514	0	607,141
Carlisle Companies Incorporate	COM	142339100	3,012	12,247	SH		SOLE		12,247	0	0
CDK Global, Inc.	COM	12508E101	95,183	1,955,272	SH		SOLE		1,889,366	0	65,906
Centene Corporation	COM	15135B101	6,505	77,267	SH		SOLE		77,267	0	0
Centennial Resource Developmen	COM	15136A102	49,884	6,181,362	SH		SOLE		5,969,366	0	211,996
Check Point Software Technolog	COM	M22465104	403	2,912	SH		SOLE		2,598	0	314
Chesapeake Energy Corporation	COM	165167735	30,997	356,282	SH		SOLE		356,282	0	0
Chubb Limited	COM	H1467J104	21,701	101,453	SH		SOLE		89,094	0	12,359
Cisco Systems, Inc.	COM	17275R102	35,567	637,854	SH		SOLE		541,623	0	96,231
CNA Financial Corporation	COM	126117100	53,992	1,110,480	SH		SOLE		1,070,648	0	39,832
Colfax Corporation	COM	194014106	34,506	867,196	SH		SOLE		835,718	0	31,478
Comcast Corporation Class A	COM	20030N101	129,126	2,757,915	SH		SOLE		1,687,237	0	1,070,678
Comfort Systems USA, Inc.	COM	199908104	121,689	1,367,141	SH		SOLE		1,325,022	0	42,119
Computer Programs and Systems,	COM	205306103	45,519	1,321,314	SH		SOLE		1,244,601	0	76,713
CoreCivic, Inc.	COM	21871N101	94,860	8,492,399	SH		SOLE		8,304,282	0	188,117
Corning Inc	COM	219350105	32,499	880,498	SH		SOLE		733,491	0	147,007
CSG Systems International, Inc	COM	126349109	8,648	136,044	SH		SOLE		114,337	0	21,707
Curtiss-Wright Corporation	COM	231561101	50,026	333,151	SH		SOLE		333,151	0	0
D.R. Horton, Inc.	COM	23331A109	45,608	612,100	SH		SOLE		380,399	0	231,701
Devon Energy Corporation	COM	25179M103	4,308	72,852	SH		SOLE		72,852	0	0
Dollar Tree, Inc.	COM	256746108	6,033	37,672	SH		SOLE		37,672	0	0
Dun & Bradstreet Holdings Inc	COM	26484T106	100,433	5,732,482	SH		SOLE		5,070,241	0	662,241
DXC Technology Co.	COM	23355L106	64,610	1,980,069	SH		SOLE		1,909,224	0	70,845
Enterprise Products Partners L	COM	293792107	13,108	507,881	SH		SOLE		409,389	0	98,492
ePlus inc.	COM	294268107	105,994	1,890,720	SH		SOLE		1,833,078	0	57,642
Evolution Petroleum Corporatio	COM	30049A107	8,419	1,239,958	SH		SOLE		1,106,593	0	133,365
Fidelity National Financial, I	COM	31620R303	143,297	2,934,018	SH		SOLE		2,425,122	0	508,896
Fidelity National Information	COM	31620M106	14,353	142,934	SH		SOLE		119,208	0	23,726
Fiserv, Inc.	COM	337738108	154,168	1,520,395	SH		SOLE		1,146,830	0	373,565
FS KKR Capital Corp.	COM	302635206	43,492	1,905,874	SH		SOLE		1,814,593	0	91,281
General Dynamics Corporation	COM	369550108	4,761	19,740	SH		SOLE		15,829	0	3,911
Genuine Parts Company	COM	372460105	9,524	75,577	SH		SOLE		62,882	0	12,695
Genworth Financial, Inc. Class	COM	37247D106	64,196	16,982,994	SH		SOLE		16,411,304	0	571,690
GMS Inc.	COM	36251C103	19,426	390,312	SH		SOLE		354,050	0	36,262
GrafTech International Ltd.	COM	384313508	47,270	4,913,719	SH		SOLE		4,773,967	0	139,752
Haemonetics Corporation	COM	405024100	59,575	942,341	SH		SOLE		912,478	0	29,863
HF Sinclair Corporation	COM	403949100	73,573	1,846,241	SH		SOLE		1,794,400	0	51,841
Hostess Brands, Inc. Class A	COM	44109J106	48,627	2,216,345	SH		SOLE		2,150,590	0	65,755
Huntington Ingalls Industries,	COM	446413106	62,243	312,087	SH		SOLE		312,087	0	0
IDACORP, Inc.	COM	451107106	17,831	154,567	SH		SOLE		129,071	0	25,496
Ingles Markets, Incorporated C	COM	457030104	73,418	824,456	SH		SOLE		790,754	0	33,702
Interpublic Group of Companies	COM	460690100	16,602	468,318	SH		SOLE		392,320	0	75,998
Itau Unibanco Holding S.A. Spo	COM	465562106	169	29,601	SH		SOLE		26,416	0	3,185
Ituran Location and Control Lt	COM	M6158M104	23,500	1,020,839	SH		SOLE		965,646	0	55,193
J.M. Smucker Company	COM	832696405	10,062	74,308	SH		SOLE		61,858	0	12,450
Kelly Services, Inc. Class A	COM	488152208	9,683	446,416	SH		SOLE		404,750	0	41,666
Keurig Dr Pepper Inc.	COM	49271V100	93,232	2,459,942	SH		SOLE		2,459,942	0	0
Kimberly-Clark Corporation	COM	494368103	20,794	168,838	SH		SOLE		141,331	0	27,507
Kinder Morgan Inc Class P	COM	49456B101	27,331	1,445,306	SH		SOLE		1,201,321	0	243,985
KKR & Co. Inc.	COM	48251W104	108,919	1,862,821	SH		SOLE		1,372,495	0	490,326
Kroger Co.	COM	501044101	6,698	116,743	SH		SOLE		97,120	0	19,623
Liberty Broadband Corp. Class	COM	530307305	162,485	1,200,746	SH		SOLE		816,018	0	384,728
Liberty Global Plc Class C	COM	G5480U120	4,833	186,548	SH		SOLE		186,548	0	0
Liberty Latin America Ltd. Cla	COM	G9001E102	16,811	1,733,084	SH		SOLE		1,733,084	0	0
Liberty Latin America Ltd. Cla	COM	G9001E128	32,541	3,393,197	SH		SOLE		3,227,248	0	165,949
Liberty Media Corp. Series C L	COM	531229607	172,687	3,776,231	SH		SOLE		2,724,709	0	1,051,522
LKQ Corporation	COM	501889208	258,840	5,700,058	SH		SOLE		4,815,416	0	884,642
Lockheed Martin Corporation	COM	539830109	9,266	20,992	SH		SOLE		16,932	0	4,060
M&T Bank Corporation	COM	55261F104	20,614	121,615	SH		SOLE		101,499	0	20,116
Madison Square Garden Sports C	COM	55825T103	5,940	33,115	SH		SOLE		33,115	0	0
Magellan Midstream Partners, L	COM	559080106	4,080	83,153	SH		SOLE		66,000	0	17,153
Magna International Inc.	COM	559222401	12,884	200,346	SH		SOLE		180,060	0	20,286
Marathon Petroleum Corporation	COM	56585A102	32,580	381,052	SH		SOLE		335,106	0	45,946
McGrath RentCorp	COM	580589109	57,511	676,763	SH		SOLE		637,448	0	39,315
McKesson Corporation	COM	58155Q103	5,754	18,795	SH		SOLE		18,795	0	0
MEDNAX, Inc.	COM	58502B106	61,217	2,607,218	SH		SOLE		2,511,948	0	95,270
Medtronic PLC	COM	G5960L103	4,449	40,096	SH		SOLE		33,355	0	6,741
Merck & Co., Inc.	COM	58933Y105	7,504	91,458	SH		SOLE		79,171	0	12,287
Meta Platforms Inc. Class A	COM	30303M102	82,787	372,311	SH		SOLE		272,326	0	99,985
Molson Coors Beverage Company	COM	60871R209	64,192	1,202,540	SH		SOLE		1,202,540	0	0
MSC Industrial Direct Co., Inc	COM	553530106	13,186	154,746	SH		SOLE		139,941	0	14,805
Murphy USA, Inc.	COM	626755102	155,510	777,705	SH		SOLE		752,418	0	25,287
NCR Corporation	COM	62886E108	298,330	7,422,993	SH		SOLE		6,345,926	0	1,077,067
Newmark Group, Inc. Class A	COM	65158N102	24,007	1,507,985	SH		SOLE		1,450,195	0	57,790
News Corporation Class A	COM	65249B109	126,630	5,716,926	SH		SOLE		4,220,744	0	1,496,182
NortonLifeLock Inc.	COM	668771108	12,028	453,541	SH		SOLE		378,552	0	74,989
NVR, Inc.	COM	62944T105	9,466	2,119	SH		SOLE		2,119	0	0
OGE Energy Corp.	COM	670837103	25,999	637,543	SH		SOLE		637,543	0	0
Oracle Corporation	COM	68389X105	98,970	1,196,300	SH		SOLE		752,052	0	444,248
Ovintiv Inc	COM	69047Q102	18,112	334,966	SH		SOLE		334,966	0	0
Park Aerospace Corp.	COM	70014A104	16,139	1,236,680	SH		SOLE		1,113,828	0	122,852
Patterson Companies Incorporat	COM	703395103	60,547	1,870,474	SH		SOLE		1,801,821	0	68,653
PepsiCo, Inc.	COM	713448108	15,159	90,566	SH		SOLE		75,285	0	15,281
Pfizer Inc.	COM	717081103	22,582	436,205	SH		SOLE		366,407	0	69,798
PNC Financial Services Group,	COM	693475105	14,284	77,441	SH		SOLE		64,561	0	12,880
Polaris Inc.	COM	731068102	88,949	844,563	SH		SOLE		651,131	0	193,432
Premier Inc. Class A	COM	74051N102	181,932	5,111,889	SH		SOLE		4,893,534	0	218,355
Progressive Corporation	COM	743315103	103,694	909,673	SH		SOLE		718,791	0	190,882
Qualcomm Incorporated	COM	747525103	97,130	635,584	SH		SOLE		388,101	0	247,483
SEI Investments Company	COM	784117103	10,920	181,365	SH		SOLE		181,365	0	0
Sk Telecom Co Ltd Sponsored AD	COM	78440P306	350	13,638	SH		SOLE		12,181	0	1,457
Sleep Number Corporation	COM	83125X103	32,152	634,038	SH		SOLE		610,749	0	23,289
SM Energy Company	COM	78454L100	58,331	1,497,596	SH		SOLE		1,451,655	0	45,941
Southwest Gas Holdings, Inc.	COM	844895102	27,995	357,578	SH		SOLE		324,674	0	32,904
SP Plus Corporation	COM	78469C103	54,490	1,737,557	SH		SOLE		1,644,795	0	92,762
SS&C Technologies Holdings, In	COM	78467J100	12,836	171,103	SH		SOLE		171,103	0	0
St. Joe Company	COM	790148100	6,932	117,008	SH		SOLE		117,008	0	0
Sysco Corporation	COM	871829107	22,389	274,208	SH		SOLE		228,801	0	45,407
T-Mobile US, Inc.	COM	872590104	63,568	495,272	SH		SOLE		495,272	0	0
Target Corporation	COM	87612E106	25,048	118,027	SH		SOLE		98,398	0	19,629
TD SYNNEX Corporation	COM	87162W100	1,745	16,908	SH		SOLE		16,908	0	0
Texas Pacific Land Corporation	COM	88262P102	8,978	6,640	SH		SOLE		6,640	0	0
TIM SA (Brazil) Sponsored ADR	COM	88706T108	257	17,754	SH		SOLE		15,838	0	1,916
Trimas Corporation	COM	896215209	21,864	681,344	SH		SOLE		645,716	0	35,628
Truist Financial Corporation	COM	89832Q109	29,291	516,592	SH		SOLE		427,361	0	89,231
U.S. Bancorp	COM	902973304	27,331	514,217	SH		SOLE		428,170	0	86,047
UniFirst Corporation	COM	904708104	155,236	842,392	SH		SOLE		817,909	0	24,483
Unilever PLC Sponsored ADR	COM	904767704	123,995	2,720,968	SH		SOLE		2,043,909	0	677,059
United Parcel Service, Inc. Cl	COM	911312106	38,276	178,477	SH		SOLE		147,809	0	30,668
UnitedHealth Group Incorporate	COM	91324P102	29,527	57,899	SH		SOLE		57,899	0	0
Univar Solutions Inc.	COM	91336L107	55,597	1,729,827	SH		SOLE		1,675,855	0	53,972
Verizon Communications Inc.	COM	92343V104	33,740	662,339	SH		SOLE		551,478	0	110,861
Viad Corp	COM	92552R406	17,446	489,510	SH		SOLE		474,756	0	14,754
Visa Inc. Class A	COM	92826C839	90,710	409,028	SH		SOLE		409,028	0	0
Vistra Corp.	COM	92840M102	137,542	5,915,771	SH		SOLE		4,423,215	0	1,492,556
Vontier Corp	COM	928881101	66,029	2,600,595	SH		SOLE		2,522,154	0	78,441
Walgreens Boots Alliance Inc	COM	931427108	14,263	318,595	SH		SOLE		202,155	0	116,440
White Mountains Insurance Grou	COM	G9618E107	171,904	151,292	SH		SOLE		146,702	0	4,590
Whole Earth Brands Inc Class A	COM	96684W100	12,642	1,765,662	SH		SOLE		1,602,454	0	163,208
Williams Companies, Inc.	COM	969457100	29,904	895,073	SH		SOLE		767,398	0	127,675
Willis Towers Watson Public Li	COM	G96629103	145,641	616,547	SH		SOLE		465,885	0	150,662
World Fuel Services Corporatio	COM	981475106	66,178	2,447,414	SH		SOLE		1,872,284	0	575,130
Yelp Inc	COM	985817105	55,763	1,634,804	SH		SOLE		1,579,058	0	55,746