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	16,367,135	121,481	SH		SOLE		100,924	0	20,557
ACI Worldwide, Inc.	COM	004498101	81,652,354	3,524,055	SH		SOLE		3,456,786	0	67,269
Advance Auto Parts, Inc.	COM	00751Y106	23,240,547	330,591	SH		SOLE		330,591	0	0
AES Corporation	COM	00130H105	57,735,247	2,785,106	SH		SOLE		2,168,246	0	616,860
Air Transport Services Group,	COM	00922R105	164,606,010	8,723,159	SH		SOLE		8,362,861	0	360,298
Albertsons Companies, Inc. Cla	COM	013091103	3,259,952	149,402	SH		SOLE		149,402	0	0
Alight, Inc. Class A	COM	01626W101	84,592,819	9,155,067	SH		SOLE		8,977,759	0	177,308
Alphabet Inc. Class C	COM	02079K107	18,175,380	150,247	SH		SOLE		150,247	0	0
American Equity Investment Lif	COM	025676206	76,532,550	1,468,673	SH		SOLE		1,437,023	0	31,650
American Tower Corporation	COM	03027X100	23,858,887	123,022	SH		SOLE		102,343	0	20,679
American Vanguard Corporation	COM	030371108	3,888,673	217,609	SH		SOLE		203,266	0	14,343
Amgen Inc.	COM	031162100	15,842,681	71,357	SH		SOLE		59,086	0	12,271
Api Group Corporation	COM	00187Y100	8,431,927	309,315	SH		SOLE		309,315	0	0
Apollo Global Management Inc.	COM	03769M106	5,596,146	72,857	SH		SOLE		72,857	0	0
AptarGroup, Inc.	COM	038336103	4,808,306	41,501	SH		SOLE		41,501	0	0
Arch Resources, Inc. Class A	COM	03940R107	3,311,874	29,371	SH		SOLE		29,371	0	0
Ares Management Corporation	COM	03990B101	6,490,232	67,361	SH		SOLE		67,361	0	0
Argan, Inc.	COM	04010E109	65,851,509	1,670,934	SH		SOLE		1,639,237	0	31,697
Armstrong World Industries, In	COM	04247X102	149,630,527	2,036,898	SH		SOLE		1,937,051	0	99,847
Asbury Automotive Group, Inc.	COM	043436104	14,138,619	58,808	SH		SOLE		54,974	0	3,834
Atkore Inc	COM	047649108	179,447,487	1,150,747	SH		SOLE		1,129,863	0	20,884
Axalta Coating Systems Ltd.	COM	G0750C108	7,121,181	217,043	SH		SOLE		202,625	0	14,418
Axis Capital Holdings Limited	COM	G0692U109	104,446,564	1,940,304	SH		SOLE		1,859,468	0	80,836
Barrett Business Services, Inc	COM	068463108	6,250,845	71,684	SH		SOLE		66,953	0	4,731
Bath & Body Works, Inc.	COM	070830104	4,219,237	112,513	SH		SOLE		112,513	0	0
Bausch Lomb Corporation	COM	071705107	34,503,782	1,719,172	SH		SOLE		1,719,172	0	0
Baxter International Inc.	COM	071813109	8,569,472	188,092	SH		SOLE		156,008	0	32,084
Berkshire Hathaway Inc. Class	COM	084670702	137,099,391	402,051	SH		SOLE		350,697	0	51,354
BJ's Wholesale Club Holdings,	COM	05550J101	230,962,147	3,665,484	SH		SOLE		3,481,633	0	183,851
Black Hills Corporation	COM	092113109	8,839,961	146,697	SH		SOLE		122,050	0	24,647
Bristol-Myers Squibb Company	COM	110122108	24,259,688	379,354	SH		SOLE		313,984	0	65,370
Brookfield Asset Management Lt	COM	113004105	5,236,103	160,469	SH		SOLE		160,469	0	0
Cable One, Inc.	COM	12685J105	60,774,643	92,492	SH		SOLE		88,393	0	4,099
Caci International Inc Class A	COM	127190304	9,115,766	26,745	SH		SOLE		26,745	0	0
Cannae Holdings, Inc.	COM	13765N107	120,085,172	5,941,869	SH		SOLE		5,835,153	0	106,716
Carlisle Companies Incorporate	COM	142339100	78,653,637	306,606	SH		SOLE		284,756	0	21,850
Centene Corporation	COM	15135B101	7,612,205	112,857	SH		SOLE		112,857	0	0
Check Point Software Technolog	COM	M22465104	438,791	3,493	SH		SOLE		3,095	0	398
Chesapeake Energy Corporation	COM	165167735	21,963,573	262,471	SH		SOLE		262,471	0	0
Chubb Limited	COM	H1467J104	16,847,267	87,491	SH		SOLE		72,540	0	14,951
Cisco Systems, Inc.	COM	17275R102	13,676,227	264,326	SH		SOLE		219,244	0	45,082
CNA Financial Corporation	COM	126117100	41,275,328	1,068,755	SH		SOLE		1,040,214	0	28,541
Cogent Communications Holdings	COM	19239V302	20,981,224	311,803	SH		SOLE		258,989	0	52,814
Comcast Corporation Class A	COM	20030N101	55,934,319	1,346,193	SH		SOLE		1,028,527	0	317,666
Comfort Systems USA, Inc.	COM	199908104	16,981,071	103,417	SH		SOLE		99,123	0	4,294
Computer Programs and Systems,	COM	205306103	29,100,350	1,178,629	SH		SOLE		1,130,273	0	48,356
Core & Main, Inc. Class A	COM	21874C102	36,239,320	1,156,328	SH		SOLE		1,138,500	0	17,828
CoreCivic, Inc.	COM	21871N101	86,524,611	9,194,964	SH		SOLE		9,007,424	0	187,540
Corning Inc	COM	219350105	51,662,766	1,474,394	SH		SOLE		1,135,430	0	338,964
CRH public limited company Spo	COM	12626K203	8,188,520	146,932	SH		SOLE		101,898	0	45,034
Crown Castle Inc.	COM	22822V101	9,984,562	87,630	SH		SOLE		72,660	0	14,970
CSG Systems International, Inc	COM	126349109	6,838,427	129,663	SH		SOLE		107,568	0	22,095
CVS Health Corporation	COM	126650100	2,561,405	37,052	SH		SOLE		37,052	0	0
Delta Air Lines, Inc.	COM	247361702	8,493,591	178,662	SH		SOLE		178,662	0	0
Devon Energy Corporation	COM	25179M103	2,318,193	47,956	SH		SOLE		47,956	0	0
Dollar General Corporation	COM	256677105	6,724,137	39,605	SH		SOLE		39,605	0	0
Dollar Tree, Inc.	COM	256746108	56,309,113	392,398	SH		SOLE		392,398	0	0
Dun & Bradstreet Holdings Inc	COM	26484T106	87,244,244	7,540,557	SH		SOLE		6,766,909	0	773,648
DXC Technology Co.	COM	23355L106	41,783,347	1,563,748	SH		SOLE		1,529,197	0	34,551
Enterprise Products Partners L	COM	293792107	10,045,937	381,250	SH		SOLE		376,168	0	5,082
EOG Resources, Inc.	COM	26875P101	3,099,607	27,085	SH		SOLE		27,085	0	0
ePlus inc.	COM	294268107	111,078,155	1,972,969	SH		SOLE		1,936,713	0	36,256
ESAB Corporation	COM	29605J106	8,685,932	130,537	SH		SOLE		121,942	0	8,595
EVERTEC, Inc.	COM	30040P103	82,908,602	2,251,116	SH		SOLE		2,195,324	0	55,792
Evolution Petroleum Corporatio	COM	30049A107	9,706,774	1,202,822	SH		SOLE		1,116,223	0	86,599
Expedia Group, Inc.	COM	30212P303	27,399,460	250,475	SH		SOLE		187,515	0	62,960
Expeditors International Of Wa	COM	302130109	5,585,547	46,112	SH		SOLE		46,112	0	0
Ferguson Plc	COM	G3421J106	45,884,338	291,681	SH		SOLE		291,681	0	0
Fidelity National Financial, I	COM	31620R303	64,640,088	1,795,558	SH		SOLE		1,756,629	0	38,929
Fiserv, Inc.	COM	337738108	92,215,776	731,001	SH		SOLE		639,903	0	91,098
Fomento Economico Mexicano SAB	COM	344419106	242,740	2,190	SH		SOLE		1,939	0	251
Fortrea Holdings, Inc.	COM	34965K107	4,406,030	129,551	SH		SOLE		98,293	0	31,258
Forward Air Corporation	COM	349853101	43,426,472	409,259	SH		SOLE		401,473	0	7,786
FS KKR Capital Corp.	COM	302635206	36,165,961	1,885,608	SH		SOLE		1,828,909	0	56,699
Genpact Limited	COM	G3922B107	222,715	5,928	SH		SOLE		5,253	0	675
Genuine Parts Company	COM	372460105	5,275,914	31,176	SH		SOLE		25,879	0	5,297
Genworth Financial, Inc. Class	COM	37247D106	90,055,175	18,011,035	SH		SOLE		17,635,493	0	375,542
Global Payments Inc.	COM	37940X102	6,149,027	62,414	SH		SOLE		62,414	0	0
GMS, Inc.	COM	36251C103	18,805,930	271,762	SH		SOLE		253,853	0	17,909
HF Sinclair Corporation	COM	403949100	26,017,043	583,211	SH		SOLE		583,211	0	0
Howard Hughes Corporation	COM	44267D107	4,803,703	60,868	SH		SOLE		60,868	0	0
IDACORP, Inc.	COM	451107106	14,910,140	145,323	SH		SOLE		122,900	0	22,423
Ingles Markets, Incorporated C	COM	457030104	66,817,649	808,441	SH		SOLE		788,923	0	19,518
Interpublic Group of Companies	COM	460690100	14,808,673	383,843	SH		SOLE		318,621	0	65,222
iShares Russell 1000 Value ETF	COM	464287598	70,213,043	444,865	SH		SOLE		444,865	0	0
Itau Unibanco Holding S.A. Spo	COM	465562106	127,281	21,573	SH		SOLE		19,118	0	2,455
Ituran Location and Control Lt	COM	M6158M104	18,619,135	797,735	SH		SOLE		763,761	0	33,974
J.M. Smucker Company	COM	832696405	10,438,202	70,686	SH		SOLE		58,543	0	12,143
Kelly Services, Inc. Class A	COM	488152208	15,429,407	876,173	SH		SOLE		818,875	0	57,298
Keurig Dr Pepper Inc.	COM	49271V100	73,278,024	2,343,397	SH		SOLE		2,303,776	0	39,621
Kimberly-Clark Corporation	COM	494368103	22,221,309	160,954	SH		SOLE		133,576	0	27,378
Kinder Morgan Inc Class P	COM	49456B101	26,728,161	1,552,158	SH		SOLE		1,297,342	0	254,816
KKR & Co Inc	COM	48251W104	35,081,256	626,451	SH		SOLE		626,451	0	0
Kroger Co.	COM	501044101	102,918,250	2,189,750	SH		SOLE		1,914,350	0	275,400
Laboratory Corporation of Amer	COM	50540R409	26,858,513	129,551	SH		SOLE		98,293	0	31,258
Leslie's, Inc.	COM	527064109	50,315,545	5,358,418	SH		SOLE		5,243,687	0	114,731
Liberty Broadband Corp. Class	COM	530307305	6,691,108	83,524	SH		SOLE		83,524	0	0
Liberty Latin America Ltd. Cla	COM	G9001E102	13,579,116	1,551,899	SH		SOLE		1,551,899	0	0
Liberty Latin America Ltd. Cla	COM	G9001E128	17,872,975	2,073,431	SH		SOLE		2,014,861	0	58,570
Lithia Motors, Inc.	COM	536797103	71,129,504	233,894	SH		SOLE		233,894	0	0
LKQ Corporation	COM	501889208	235,789,730	4,046,503	SH		SOLE		3,900,032	0	146,471
Lockheed Martin Corporation	COM	539830109	3,512,239	7,629	SH		SOLE		6,665	0	964
M&T Bank Corporation	COM	55261F104	4,703,870	38,008	SH		SOLE		31,535	0	6,473
M.D.C. Holdings, Inc.	COM	552676108	7,293,080	155,935	SH		SOLE		129,344	0	26,591
Madison Square Garden Sports C	COM	55825T103	6,782,211	36,066	SH		SOLE		36,066	0	0
McGrath RentCorp	COM	580589109	73,193,666	791,454	SH		SOLE		743,932	0	47,522
MDU Resources Group, Inc.	COM	552690109	41,959,719	2,003,807	SH		SOLE		2,003,807	0	0
Merck & Co., Inc.	COM	58933Y105	10,024,506	86,875	SH		SOLE		75,201	0	11,674
MGM Resorts International	COM	552953101	7,655,388	174,303	SH		SOLE		174,303	0	0
Micron Technology, Inc.	COM	595112103	19,135,899	303,215	SH		SOLE		251,749	0	51,466
Molson Coors Beverage Company	COM	60871R209	33,491,820	508,685	SH		SOLE		508,685	0	0
MSC Industrial Direct Co., Inc	COM	553530106	39,003,249	409,354	SH		SOLE		397,715	0	11,639
Murphy USA, Inc.	COM	626755102	140,657,498	452,115	SH		SOLE		422,014	0	30,101
NCR Corporation	COM	62886E108	85,899,542	3,408,712	SH		SOLE		3,344,632	0	64,080
Newmark Group, Inc. Class A	COM	65158N102	25,359,438	4,077,080	SH		SOLE		4,033,161	0	43,919
NMI Holdings, Inc. Class A	COM	629209305	55,643,314	2,155,047	SH		SOLE		2,114,461	0	40,586
NorthWestern Corporation	COM	668074305	74,880,744	1,319,252	SH		SOLE		1,290,862	0	28,390
NOW Inc.	COM	67011P100	7,790,347	751,964	SH		SOLE		703,905	0	48,059
NVR, Inc.	COM	62944T105	5,874,323	925	SH		SOLE		925	0	0
Oracle Corporation	COM	68389X105	40,245,156	337,939	SH		SOLE		281,294	0	56,645
Ovintiv Inc	COM	69047Q102	13,599,708	357,229	SH		SOLE		357,229	0	0
Park Aerospace Corp.	COM	70014A104	16,365,241	1,185,887	SH		SOLE		1,109,167	0	76,720
Patterson Companies Incorporat	COM	703395103	88,015,971	2,646,301	SH		SOLE		2,362,051	0	284,250
Pediatrix Medical Group, Inc.	COM	58502B106	22,450,947	1,579,940	SH		SOLE		1,552,146	0	27,794
PepsiCo, Inc.	COM	713448108	16,337,701	88,207	SH		SOLE		73,220	0	14,987
Permian Resources Corporation	COM	71424F105	94,287,631	8,602,886	SH		SOLE		8,431,572	0	171,314
Petco Health & Wellness Compan	COM	71601V105	2,199,715	247,159	SH		SOLE		247,159	0	0
Pfizer Inc.	COM	717081103	37,615,780	1,025,512	SH		SOLE		787,544	0	237,968
PNC Financial Services Group,	COM	693475105	11,587,652	92,002	SH		SOLE		76,544	0	15,458
Polaris Inc.	COM	731068102	55,750,302	461,013	SH		SOLE		461,013	0	0
Premier, Inc. Class A	COM	74051N102	52,536,685	1,899,374	SH		SOLE		1,775,153	0	124,221
Progressive Corporation	COM	743315103	25,136,931	189,899	SH		SOLE		157,694	0	32,205
Qualcomm Incorporated	COM	747525103	27,590,522	231,775	SH		SOLE		178,316	0	53,459
Radian Group Inc.	COM	750236101	55,317,089	2,188,176	SH		SOLE		2,153,870	0	34,306
RB Global, Inc.	COM	74935Q107	25,109,040	418,484	SH		SOLE		418,484	0	0
Royal Gold, Inc.	COM	780287108	3,069,791	26,745	SH		SOLE		26,745	0	0
Sk Telecom Co Ltd Sponsored AD	COM	78440P306	211,488	10,840	SH		SOLE		9,605	0	1,235
SM Energy Company	COM	78454L100	73,993,546	2,339,347	SH		SOLE		2,114,808	0	224,539
Southwest Gas Holdings, Inc.	COM	844895102	74,800,143	1,175,179	SH		SOLE		1,153,336	0	21,843
SP Plus Corporation	COM	78469C103	64,124,717	1,639,599	SH		SOLE		1,572,880	0	66,719
SS&C Technologies Holdings, In	COM	78467J100	8,691,131	143,418	SH		SOLE		143,418	0	0
St. Joe Company	COM	790148100	4,725,573	97,757	SH		SOLE		97,757	0	0
Summit Materials, Inc. Class A	COM	86614U100	22,429,986	592,602	SH		SOLE		553,608	0	38,994
Suncor Energy Inc.	COM	867224107	33,106,033	1,129,128	SH		SOLE		1,129,128	0	0
Sysco Corporation	COM	871829107	14,922,288	201,109	SH		SOLE		166,831	0	34,278
T-Mobile US, Inc.	COM	872590104	47,963,281	345,308	SH		SOLE		345,308	0	0
Target Corporation	COM	87612E106	34,099,052	258,522	SH		SOLE		198,400	0	60,122
TD SYNNEX Corporation	COM	87162W100	124,915,190	1,328,885	SH		SOLE		1,258,428	0	70,457
Texas Instruments Incorporated	COM	882508104	15,270,557	84,827	SH		SOLE		70,350	0	14,477
Texas Pacific Land Corporation	COM	88262P102	3,661,186	2,781	SH		SOLE		2,781	0	0
TransUnion	COM	89400J107	5,009,908	63,959	SH		SOLE		63,959	0	0
Trimas Corporation	COM	896215209	41,393,535	1,505,767	SH		SOLE		1,458,992	0	46,775
TripAdvisor, Inc.	COM	896945201	68,994,655	4,184,030	SH		SOLE		4,101,809	0	82,221
Truist Financial Corporation	COM	89832Q109	14,956,601	492,804	SH		SOLE		408,699	0	84,105
U.S. Bancorp	COM	902973304	38,514,431	1,165,691	SH		SOLE		901,709	0	263,982
UniFirst Corporation	COM	904708104	137,452,792	886,735	SH		SOLE		870,501	0	16,234
Unilever PLC Sponsored ADR	COM	904767704	45,569,022	874,142	SH		SOLE		662,641	0	211,501
United Parcel Service, Inc. Cl	COM	911312106	53,116,077	296,324	SH		SOLE		226,923	0	69,401
UnitedHealth Group Incorporate	COM	91324P102	44,054,982	91,659	SH		SOLE		91,659	0	0
Univar Solutions Inc.	COM	91336L107	16,088,074	448,886	SH		SOLE		430,780	0	18,106
Valaris Ltd.	COM	G9460G101	5,861,678	93,146	SH		SOLE		93,146	0	0
Verizon Communications Inc.	COM	92343V104	13,270,136	356,820	SH		SOLE		295,842	0	60,978
Verra Mobility Corp. Class A	COM	92511U102	29,468,385	1,494,340	SH		SOLE		1,465,952	0	28,388
Viad Corp	COM	92552R406	48,866,442	1,817,948	SH		SOLE		1,774,826	0	43,122
Visa Inc. Class A	COM	92826C839	29,418,310	123,877	SH		SOLE		123,877	0	0
Vistra Corp.	COM	92840M102	140,844,086	5,365,489	SH		SOLE		4,865,244	0	500,245
Vontier Corp	COM	928881101	109,993,607	3,414,890	SH		SOLE		3,345,780	0	69,110
Watsco, Inc.	COM	942622200	22,821,061	59,824	SH		SOLE		49,634	0	10,190
WEX Inc.	COM	96208T104	138,207,516	759,090	SH		SOLE		714,434	0	44,656
White Mountains Insurance Grou	COM	G9618E107	184,663,918	132,956	SH		SOLE		130,390	0	2,566
WideOpenWest, Inc.	COM	96758W101	5,786,152	685,563	SH		SOLE		640,734	0	44,829
Williams Companies, Inc.	COM	969457100	51,741,065	1,585,690	SH		SOLE		1,257,901	0	327,789
Willis Towers Watson Public Li	COM	G96629103	81,903,838	347,787	SH		SOLE		312,038	0	35,749
World Kinect Corporation	COM	981475106	26,432,514	1,278,168	SH		SOLE		1,257,404	0	20,764
Yelp Inc	COM	985817105	74,420,584	2,043,960	SH		SOLE		2,006,604	0	37,356