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	20,146,759	126,415	SH		SOLE		107,453	0	18,962
ACI Worldwide, Inc.	COM	004498101	91,734,698	3,400,100	SH		SOLE		3,333,264	0	66,836
Advance Auto Parts, Inc.	COM	00751Y106	87,732,129	721,422	SH		SOLE		707,860	0	13,562
AES Corporation	COM	00130H105	64,269,424	2,668,996	SH		SOLE		2,089,419	0	579,577
Air Transport Services Group,	COM	00922R105	176,536,500	8,475,108	SH		SOLE		8,093,508	0	381,600
Albertsons Companies, Inc. Cla	COM	013091103	3,170,093	152,555	SH		SOLE		152,555	0	0
Alight, Inc. Class A	COM	01626W101	80,820,043	8,775,249	SH		SOLE		8,599,052	0	176,197
Alphabet Inc. Class C	COM	02079K107	55,510,520	533,755	SH		SOLE		533,604	0	151
American Equity Investment Lif	COM	025676206	62,241,358	1,705,710	SH		SOLE		1,674,060	0	31,650
American Tower Corporation	COM	03027X100	26,095,648	127,707	SH		SOLE		108,667	0	19,040
Amgen Inc.	COM	031162100	18,289,596	75,655	SH		SOLE		64,038	0	11,617
Api Group Corporation	COM	00187Y100	9,292,378	413,362	SH		SOLE		413,362	0	0
Apollo Global Management Inc.	COM	03769M106	6,779,721	107,342	SH		SOLE		107,342	0	0
AptarGroup, Inc.	COM	038336103	5,010,310	42,392	SH		SOLE		42,392	0	0
Ares Management Corporation	COM	03990B101	10,649,531	127,631	SH		SOLE		127,631	0	0
Argan, Inc.	COM	04010E109	70,610,356	1,744,758	SH		SOLE		1,711,271	0	33,487
Armstrong World Industries, In	COM	04247X102	126,379,475	1,773,996	SH		SOLE		1,749,310	0	24,686
Asbury Automotive Group, Inc.	COM	043436104	15,411,690	73,389	SH		SOLE		68,478	0	4,911
Atkore Inc	COM	047649108	158,671,458	1,129,495	SH		SOLE		1,108,681	0	20,814
Axalta Coating Systems Ltd.	COM	G0750C108	25,188,013	831,562	SH		SOLE		783,294	0	48,268
Axis Capital Holdings Limited	COM	G0692U109	100,717,195	1,847,344	SH		SOLE		1,769,230	0	78,114
Barrett Business Services, Inc	COM	068463108	6,354,070	71,684	SH		SOLE		66,953	0	4,731
Bath & Body Works, Inc.	COM	070830104	4,205,456	114,966	SH		SOLE		114,966	0	0
Bausch Lomb Corporation	COM	071705107	32,327,793	1,856,852	SH		SOLE		1,856,852	0	0
Baxter International Inc.	COM	071813109	13,416,356	330,778	SH		SOLE		300,306	0	30,472
Berkshire Hathaway Inc. Class	COM	084670702	146,370,257	474,043	SH		SOLE		417,243	0	56,800
BJ's Wholesale Club Holdings,	COM	05550J101	172,467,958	2,267,227	SH		SOLE		2,118,350	0	148,877
Black Hills Corporation	COM	092113109	9,722,006	154,073	SH		SOLE		131,102	0	22,971
Blackstone Inc.	COM	09260D107	23,191,868	264,024	SH		SOLE		264,024	0	0
Bristol-Myers Squibb Company	COM	110122108	27,728,990	400,072	SH		SOLE		337,319	0	62,753
Brookfield Asset Management Lt	COM	113004105	7,345,836	224,506	SH		SOLE		224,506	0	0
Cable One, Inc.	COM	12685J105	64,240,020	91,510	SH		SOLE		87,923	0	3,587
Caci International Inc Class A	COM	127190304	8,090,222	27,306	SH		SOLE		27,306	0	0
Cannae Holdings, Inc.	COM	13765N107	113,622,642	5,630,458	SH		SOLE		5,524,239	0	106,219
Carlisle Companies Incorporate	COM	142339100	81,367,567	359,922	SH		SOLE		333,279	0	26,643
Centene Corporation	COM	15135B101	7,261,249	114,875	SH		SOLE		114,875	0	0
Check Point Software Technolog	COM	M22465104	428,350	3,295	SH		SOLE		3,016	0	279
Chesapeake Energy Corporation	COM	165167735	19,281,919	253,576	SH		SOLE		253,576	0	0
Chubb Limited	COM	H1467J104	20,765,415	106,939	SH		SOLE		95,695	0	11,244
Cisco Systems, Inc.	COM	17275R102	20,700,795	395,998	SH		SOLE		352,991	0	43,007
CNA Financial Corporation	COM	126117100	40,295,596	1,032,426	SH		SOLE		1,005,476	0	26,950
Cogent Communications Holdings	COM	19239V302	20,703,584	324,915	SH		SOLE		276,189	0	48,726
Comcast Corporation Class A	COM	20030N101	62,988,185	1,661,519	SH		SOLE		1,332,014	0	329,505
Comfort Systems USA, Inc.	COM	199908104	43,863,461	300,517	SH		SOLE		292,064	0	8,453
Computer Programs and Systems,	COM	205306103	36,820,837	1,219,233	SH		SOLE		1,170,877	0	48,356
Core & Main, Inc. Class A	COM	21874C102	8,888,533	384,785	SH		SOLE		383,177	0	1,608
CoreCivic, Inc.	COM	21871N101	80,762,761	8,778,561	SH		SOLE		8,592,122	0	186,439
Corning Inc	COM	219350105	55,616,556	1,576,433	SH		SOLE		1,279,212	0	297,221
CSG Systems International, Inc	COM	126349109	7,403,350	137,865	SH		SOLE		117,221	0	20,644
CVS Health Corporation	COM	126650100	34,779,161	468,028	SH		SOLE		467,728	0	300
Devon Energy Corporation	COM	25179M103	2,478,017	48,963	SH		SOLE		48,963	0	0
Dollar Tree, Inc.	COM	256746108	8,110,001	56,496	SH		SOLE		56,496	0	0
Dun & Bradstreet Holdings Inc	COM	26484T106	80,328,426	6,842,285	SH		SOLE		6,190,456	0	651,829
DXC Technology Co.	COM	23355L106	39,178,496	1,532,805	SH		SOLE		1,498,254	0	34,551
Enterprise Products Partners L	COM	293792107	11,175,746	431,496	SH		SOLE		426,203	0	5,293
EOG Resources, Inc.	COM	26875P101	32,891,703	286,938	SH		SOLE		286,938	0	0
ePlus inc.	COM	294268107	93,154,570	1,899,563	SH		SOLE		1,863,381	0	36,182
ESAB Corporation	COM	29605J106	7,977,994	135,060	SH		SOLE		126,465	0	8,595
EVERTEC, Inc.	COM	30040P103	69,066,169	2,046,405	SH		SOLE		1,999,452	0	46,953
Evolution Petroleum Corporatio	COM	30049A107	7,589,807	1,202,822	SH		SOLE		1,116,223	0	86,599
Expedia Group, Inc.	COM	30212P303	4,568,172	47,080	SH		SOLE		47,080	0	0
Expeditors International Of Wa	COM	302130109	5,184,450	47,080	SH		SOLE		47,080	0	0
Ferguson Plc	COM	G3421J106	38,947,064	291,193	SH		SOLE		291,193	0	0
Fidelity National Financial, I	COM	31620R303	8,399,582	240,469	SH		SOLE		204,063	0	36,406
Fidelity National Information	COM	31620M106	4,704,163	86,585	SH		SOLE		73,327	0	13,258
Fiserv, Inc.	COM	337738108	95,987,450	849,221	SH		SOLE		748,838	0	100,383
Forward Air Corporation	COM	349853101	10,188,169	94,545	SH		SOLE		92,013	0	2,532
FS KKR Capital Corp.	COM	302635206	32,977,841	1,782,586	SH		SOLE		1,725,887	0	56,699
Genpact Limited	COM	G3922B107	259,202	5,608	SH		SOLE		5,134	0	474
Genuine Parts Company	COM	372460105	5,463,341	32,654	SH		SOLE		27,770	0	4,884
Genworth Financial, Inc. Class	COM	37247D106	89,015,584	17,732,188	SH		SOLE		17,356,646	0	375,542
GMS, Inc.	COM	36251C103	21,640,613	373,823	SH		SOLE		349,904	0	23,919
Hagerty Inc Class A	COM	405166109	1,464,868	167,605	SH		SOLE		167,605	0	0
HF Sinclair Corporation	COM	403949100	26,414,319	545,976	SH		SOLE		545,976	0	0
Hostess Brands, Inc. Class A	COM	44109J106	5,858,842	235,484	SH		SOLE		220,129	0	15,355
Howard Hughes Corporation	COM	44267D107	4,971,600	62,145	SH		SOLE		62,145	0	0
ICU Medical, Inc.	COM	44930G107	22,067,524	133,775	SH		SOLE		131,200	0	2,575
IDACORP, Inc.	COM	451107106	16,707,086	154,224	SH		SOLE		133,366	0	20,858
Ingles Markets, Incorporated C	COM	457030104	69,281,086	781,072	SH		SOLE		761,671	0	19,401
Interpublic Group of Companies	COM	460690100	14,992,983	402,604	SH		SOLE		341,704	0	60,900
Itau Unibanco Holding S.A. Spo	COM	465562106	310,453	63,748	SH		SOLE		58,341	0	5,407
Ituran Location and Control Lt	COM	M6158M104	18,187,193	835,041	SH		SOLE		801,067	0	33,974
J.M. Smucker Company	COM	832696405	11,788,429	74,909	SH		SOLE		63,474	0	11,435
Kelly Services, Inc. Class A	COM	488152208	14,491,050	873,481	SH		SOLE		816,183	0	57,298
Keurig Dr Pepper Inc.	COM	49271V100	76,852,999	2,178,373	SH		SOLE		2,178,373	0	0
Kimberly-Clark Corporation	COM	494368103	22,888,939	170,533	SH		SOLE		144,859	0	25,674
Kinder Morgan Inc Class P	COM	49456B101	28,815,962	1,645,686	SH		SOLE		1,406,256	0	239,430
KKR & Co Inc	COM	48251W104	53,428,859	1,017,305	SH		SOLE		1,017,305	0	0
Kroger Co.	COM	501044101	119,884,381	2,428,284	SH		SOLE		2,147,843	0	280,441
Leslie's, Inc.	COM	527064109	56,601,122	5,140,883	SH		SOLE		5,027,140	0	113,743
Liberty Latin America Ltd. Cla	COM	G9001E102	13,519,639	1,626,912	SH		SOLE		1,626,912	0	0
Liberty Latin America Ltd. Cla	COM	G9001E128	17,795,204	2,154,383	SH		SOLE		2,095,813	0	58,570
Lithia Motors, Inc.	COM	536797103	64,548,187	281,956	SH		SOLE		281,956	0	0
LKQ Corporation	COM	501889208	242,094,625	4,265,233	SH		SOLE		4,080,518	0	184,715
Lockheed Martin Corporation	COM	539830109	5,563,087	11,768	SH		SOLE		10,427	0	1,341
M&T Bank Corporation	COM	55261F104	9,301,948	77,795	SH		SOLE		66,193	0	11,602
M.D.C. Holdings, Inc.	COM	552676108	6,429,487	165,410	SH		SOLE		140,311	0	25,099
Madison Square Garden Sports C	COM	55825T103	7,174,572	36,821	SH		SOLE		36,821	0	0
McGrath RentCorp	COM	580589109	64,712,071	693,517	SH		SOLE		664,099	0	29,418
MDU Resources Group Inc	COM	552690109	58,708,686	1,926,138	SH		SOLE		1,926,138	0	0
Merck & Co., Inc.	COM	58933Y105	9,823,414	92,334	SH		SOLE		81,546	0	10,788
MGM Resorts International	COM	552953101	7,905,072	177,962	SH		SOLE		177,962	0	0
Micron Technology, Inc.	COM	595112103	16,439,754	272,452	SH		SOLE		231,914	0	40,538
Molson Coors Beverage Company	COM	60871R209	96,684,443	1,870,829	SH		SOLE		1,680,152	0	190,677
MSC Industrial Direct Co., Inc	COM	553530106	33,269,376	396,064	SH		SOLE		384,425	0	11,639
Murphy USA, Inc.	COM	626755102	113,801,856	441,007	SH		SOLE		408,734	0	32,273
NCR Corporation	COM	62886E108	77,881,583	3,301,466	SH		SOLE		3,237,518	0	63,948
Newmark Group, Inc. Class A	COM	65158N102	27,022,243	3,816,701	SH		SOLE		3,772,782	0	43,919
NMI Holdings, Inc. Class A	COM	629209305	47,149,214	2,111,474	SH		SOLE		2,070,888	0	40,586
NorthWestern Corporation	COM	668074305	51,294,915	886,535	SH		SOLE		866,270	0	20,265
NVR, Inc.	COM	62944T105	5,282,436	948	SH		SOLE		948	0	0
Oracle Corporation	COM	68389X105	81,105,780	872,856	SH		SOLE		701,370	0	171,486
Ovintiv Inc	COM	69047Q102	12,332,072	341,798	SH		SOLE		341,798	0	0
Owens Corning	COM	690742101	4,690,655	48,963	SH		SOLE		48,963	0	0
Park Aerospace Corp.	COM	70014A104	15,549,182	1,156,073	SH		SOLE		1,079,353	0	76,720
Patterson Companies Incorporat	COM	703395103	75,075,715	2,804,472	SH		SOLE		2,436,332	0	368,140
Pediatrix Medical Group, Inc.	COM	58502B106	23,759,234	1,593,510	SH		SOLE		1,565,716	0	27,794
PepsiCo, Inc.	COM	713448108	17,027,549	93,404	SH		SOLE		79,448	0	13,956
Permian Resources Corporation	COM	71424F105	88,013,814	8,382,268	SH		SOLE		8,210,954	0	171,314
Petco Health & Wellness Compan	COM	71601V105	2,271,132	252,348	SH		SOLE		252,348	0	0
Pfizer Inc.	COM	717081103	54,061,999	1,325,049	SH		SOLE		1,055,320	0	269,729
PNC Financial Services Group,	COM	693475105	12,271,886	96,553	SH		SOLE		82,155	0	14,398
Polaris Inc.	COM	731068102	51,046,895	461,420	SH		SOLE		461,420	0	0
Premier, Inc. Class A	COM	74051N102	171,035,732	5,283,773	SH		SOLE		4,960,158	0	323,615
Progressive Corporation	COM	743315103	28,421,158	198,666	SH		SOLE		168,666	0	30,000
Qualcomm Incorporated	COM	747525103	30,860,992	241,895	SH		SOLE		185,442	0	56,453
Radian Group Inc.	COM	750236101	57,582,456	2,605,541	SH		SOLE		2,559,494	0	46,047
Ritchie Bros. Auctioneers Inco	COM	767744105	23,180,503	411,805	SH		SOLE		411,805	0	0
Royal Gold, Inc.	COM	780287108	5,251,828	40,489	SH		SOLE		40,489	0	0
Sk Telecom Co Ltd Sponsored AD	COM	78440P306	209,428	10,211	SH		SOLE		9,344	0	867
Sleep Number Corporation	COM	83125X103	18,859,856	620,186	SH		SOLE		605,629	0	14,557
SM Energy Company	COM	78454L100	65,191,752	2,315,048	SH		SOLE		2,072,104	0	242,944
Southwest Gas Holdings, Inc.	COM	844895102	71,015,267	1,137,154	SH		SOLE		1,115,311	0	21,843
SP Plus Corporation	COM	78469C103	58,423,165	1,703,796	SH		SOLE		1,637,214	0	66,582
SS&C Technologies Holdings, In	COM	78467J100	8,268,281	146,419	SH		SOLE		146,419	0	0
St. Joe Company	COM	790148100	4,153,052	99,809	SH		SOLE		99,809	0	0
Starbucks Corporation	COM	855244109	4,923,787	47,285	SH		SOLE		47,097	0	188
Summit Materials, Inc. Class A	COM	86614U100	19,856,704	696,971	SH		SOLE		652,391	0	44,580
Suncor Energy Inc.	COM	867224107	36,167,444	1,164,813	SH		SOLE		1,164,813	0	0
Sysco Corporation	COM	871829107	16,469,066	213,247	SH		SOLE		180,878	0	32,369
T-Mobile US, Inc.	COM	872590104	51,594,325	356,216	SH		SOLE		356,216	0	0
Target Corporation	COM	87612E106	30,472,111	183,977	SH		SOLE		161,208	0	22,769
TD SYNNEX Corporation	COM	87162W100	128,682,015	1,329,497	SH		SOLE		1,238,545	0	90,952
Texas Instruments Incorporated	COM	882508104	16,574,793	89,107	SH		SOLE		75,448	0	13,659
Texas Pacific Land Corporation	COM	88262P102	4,829,196	2,839	SH		SOLE		2,839	0	0
TIM SA (Brazil) Sponsored ADR	COM	88706T108	299,372	24,221	SH		SOLE		22,173	0	2,048
TransUnion	COM	89400J107	7,476,995	120,325	SH		SOLE		120,325	0	0
Trimas Corporation	COM	896215209	40,403,296	1,450,226	SH		SOLE		1,403,451	0	46,775
TripAdvisor, Inc.	COM	896945201	58,524,123	2,946,834	SH		SOLE		2,881,201	0	65,633
Truist Financial Corporation	COM	89832Q109	21,909,796	642,516	SH		SOLE		562,263	0	80,253
U.S. Bancorp	COM	902973304	69,064,878	1,915,808	SH		SOLE		1,638,631	0	277,177
UniFirst Corporation	COM	904708104	140,354,154	796,426	SH		SOLE		781,219	0	15,207
Unilever PLC Sponsored ADR	COM	904767704	49,183,942	947,120	SH		SOLE		714,229	0	232,891
United Parcel Service, Inc. Cl	COM	911312106	69,812,539	359,877	SH		SOLE		284,381	0	75,496
UnitedHealth Group Incorporate	COM	91324P102	40,076,105	84,801	SH		SOLE		84,801	0	0
Univar Solutions Inc.	COM	91336L107	69,609,059	1,987,127	SH		SOLE		1,949,156	0	37,971
Valaris Ltd.	COM	G9460G101	6,187,271	95,101	SH		SOLE		95,101	0	0
Verizon Communications Inc.	COM	92343V104	25,551,352	657,016	SH		SOLE		555,221	0	101,795
Verra Mobility Corp. Class A	COM	92511U102	24,777,800	1,464,409	SH		SOLE		1,436,021	0	28,388
Viad Corp	COM	92552R406	36,085,835	1,731,566	SH		SOLE		1,688,444	0	43,122
Visa Inc. Class A	COM	92826C839	28,810,857	127,787	SH		SOLE		127,787	0	0
Vistra Corp.	COM	92840M102	122,063,496	5,085,979	SH		SOLE		4,627,284	0	458,695
Vontier Corp	COM	928881101	91,665,279	3,352,790	SH		SOLE		3,283,680	0	69,110
Watsco, Inc.	COM	942622200	20,188,525	63,454	SH		SOLE		53,834	0	9,620
Weatherford International Plc	COM	G48833118	2,291,266	38,606	SH		SOLE		38,606	0	0
WEX Inc.	COM	96208T104	114,962,144	625,168	SH		SOLE		575,695	0	49,473
White Mountains Insurance Grou	COM	G9618E107	191,042,711	138,689	SH		SOLE		132,659	0	6,030
WideOpenWest, Inc.	COM	96758W101	3,787,703	356,322	SH		SOLE		332,705	0	23,617
Williams Companies, Inc.	COM	969457100	42,362,919	1,418,718	SH		SOLE		1,125,208	0	293,510
Willis Towers Watson Public Li	COM	G96629103	81,245,393	349,623	SH		SOLE		311,082	0	38,541
World Fuel Services Corporatio	COM	981475106	30,986,682	1,212,786	SH		SOLE		1,192,231	0	20,555
Yelp Inc	COM	985817105	61,654,718	2,008,297	SH		SOLE		1,970,941	0	37,356