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	17,536,760	117,649	SH		SOLE		97,986	0	19,663
ACI Worldwide, Inc.	COM	004498101	78,521,930	3,480,582	SH		SOLE		3,330,616	0	149,966
Advance Auto Parts, Inc.	COM	00751Y106	41,616,394	744,080	SH		SOLE		660,550	0	83,530
AES Corporation	COM	00130H105	42,166,624	2,774,120	SH		SOLE		2,166,600	0	607,520
Air Transport Services Group,	COM	00922R105	181,114,556	8,678,225	SH		SOLE		8,136,434	0	541,791
Albertsons Companies, Inc. Cla	COM	013091103	7,157,491	314,615	SH		SOLE		314,615	0	0
Alexandria Real Estate Equitie	COM	015271109	2,935,933	29,330	SH		SOLE		29,330	0	0
Alight, Inc. Class A	COM	01626W101	64,498,893	9,097,164	SH		SOLE		8,704,759	0	392,405
Alphabet Inc. Class C	COM	02079K107	16,940,352	128,482	SH		SOLE		128,482	0	0
American Equity Investment Lif	COM	025676206	20,373,867	379,826	SH		SOLE		361,960	0	17,866
American Tower Corporation	COM	03027X100	19,639,277	119,424	SH		SOLE		99,609	0	19,815
American Vanguard Corporation	COM	030371108	3,642,543	333,261	SH		SOLE		310,088	0	23,173
Amgen Inc.	COM	031162100	18,504,664	68,852	SH		SOLE		57,314	0	11,538
Api Group Corporation	COM	00187Y100	6,279,027	242,153	SH		SOLE		242,153	0	0
Apollo Global Management Inc	COM	03769M106	6,504,189	72,462	SH		SOLE		72,462	0	0
AptarGroup, Inc.	COM	038336103	5,161,151	41,276	SH		SOLE		41,276	0	0
Arch Resources, Inc. Class A	COM	03940R107	4,223,494	24,748	SH		SOLE		24,748	0	0
Ares Management Corporation	COM	03990B101	6,912,658	67,198	SH		SOLE		67,198	0	0
Argan, Inc.	COM	04010E109	67,497,466	1,482,809	SH		SOLE		1,417,417	0	65,392
Armstrong World Industries, In	COM	04247X102	149,747,400	2,079,825	SH		SOLE		1,926,751	0	153,074
Asbury Automotive Group, Inc.	COM	043436104	10,828,475	47,066	SH		SOLE		43,970	0	3,096
Atkore Inc	COM	047649108	164,822,427	1,104,782	SH		SOLE		1,057,280	0	47,502
Atlanta Braves Holdings Inc Cl	COM	047726302	4,784,890	133,918	SH		SOLE		133,918	0	0
Axis Capital Holdings Limited	COM	G0692U109	107,980,286	1,915,563	SH		SOLE		1,800,846	0	114,717
Barrett Business Services, Inc	COM	068463108	6,407,311	71,003	SH		SOLE		66,272	0	4,731
Bath & Body Works, Inc.	COM	070830104	3,782,355	111,904	SH		SOLE		111,904	0	0
Bausch Lomb Corporation	COM	071705107	27,025,673	1,594,435	SH		SOLE		1,540,601	0	53,834
Baxter International Inc.	COM	071813109	4,044,935	107,179	SH		SOLE		89,449	0	17,730
Berkshire Hathaway Inc. Class	COM	084670702	120,613,194	344,314	SH		SOLE		297,004	0	47,310
BJ's Wholesale Club Holdings,	COM	05550J101	277,146,196	3,883,231	SH		SOLE		3,618,626	0	264,605
Black Hills Corporation	COM	092113109	5,177,532	102,343	SH		SOLE		85,532	0	16,811
Bristol-Myers Squibb Company	COM	110122108	21,277,580	366,602	SH		SOLE		305,177	0	61,425
Brookfield Asset Management Lt	COM	113004105	5,321,097	159,601	SH		SOLE		159,601	0	0
Cable One, Inc.	COM	12685J105	68,574,908	111,388	SH		SOLE		104,882	0	6,506
Caci International Inc Class A	COM	127190304	4,607,237	14,676	SH		SOLE		14,676	0	0
Cannae Holdings, Inc.	COM	13765N107	105,141,679	5,640,648	SH		SOLE		5,405,504	0	235,144
Carlisle Companies Incorporate	COM	142339100	52,783,780	203,594	SH		SOLE		203,594	0	0
Centene Corporation	COM	15135B101	7,741,561	112,392	SH		SOLE		112,392	0	0
Charter Communications, Inc. C	COM	16119P108	29,947,784	68,091	SH		SOLE		68,091	0	0
Chesapeake Energy Corporation	COM	165167735	22,303,734	258,654	SH		SOLE		252,088	0	6,566
Chubb Limited	COM	H1467J104	17,764,832	85,334	SH		SOLE		70,973	0	14,361
Cisco Systems, Inc.	COM	17275R102	13,737,723	255,538	SH		SOLE		212,682	0	42,856
Clarivate PLC	COM	G21810109	45,772,399	6,821,520	SH		SOLE		6,614,255	0	207,265
CNA Financial Corporation	COM	126117100	41,602,089	1,057,232	SH		SOLE		998,183	0	59,049
Cogent Communications Holdings	COM	19239V302	23,615,655	381,513	SH		SOLE		318,615	0	62,898
Comcast Corporation Class A	COM	20030N101	61,090,765	1,377,780	SH		SOLE		1,055,850	0	321,930
Computer Programs and Systems,	COM	205306103	18,568,394	1,164,893	SH		SOLE		1,081,887	0	83,006
Core & Main, Inc. Class A	COM	21874C102	15,729,453	545,215	SH		SOLE		527,387	0	17,828
CoreCivic, Inc.	COM	21871N101	101,946,870	9,061,944	SH		SOLE		8,667,400	0	394,544
Corning Inc	COM	219350105	44,559,785	1,462,415	SH		SOLE		1,131,587	0	330,828
CRH public limited company	COM	G25508105	28,856,830	527,258	SH		SOLE		370,641	0	156,617
Crown Castle Inc.	COM	22822V101	7,860,742	85,415	SH		SOLE		71,050	0	14,365
CSG Systems International, Inc	COM	126349109	6,405,847	125,310	SH		SOLE		104,293	0	21,017
Delek US Holdings Inc	COM	24665A103	17,447,717	614,140	SH		SOLE		580,968	0	33,172
Delta Air Lines, Inc.	COM	247361702	6,571,792	177,616	SH		SOLE		177,616	0	0
Dollar General Corporation	COM	256677105	2,719,377	25,703	SH		SOLE		21,450	0	4,253
Dollar Tree, Inc.	COM	256746108	19,267,024	180,996	SH		SOLE		180,996	0	0
Dun & Bradstreet Holdings Inc	COM	26484T106	74,978,926	7,505,398	SH		SOLE		6,594,784	0	910,614
DXC Technology Co.	COM	23355L106	30,464,333	1,462,522	SH		SOLE		1,399,813	0	62,709
Embecta Corporation	COM	29082K105	39,332,799	2,613,475	SH		SOLE		2,490,536	0	122,939
Endeavor Group Holdings, Inc.	COM	29260Y109	3,007,925	151,152	SH		SOLE		151,152	0	0
Entergy Corporation	COM	29364G103	4,915,635	53,142	SH		SOLE		53,142	0	0
Enterprise Products Partners L	COM	293792107	11,321,327	413,640	SH		SOLE		410,375	0	3,265
EOG Resources, Inc.	COM	26875P101	24,525,652	193,481	SH		SOLE		193,481	0	0
ePlus inc.	COM	294268107	121,788,548	1,917,326	SH		SOLE		1,836,421	0	80,905
EVERTEC, Inc.	COM	30040P103	81,984,912	2,205,081	SH		SOLE		2,105,235	0	99,846
Evolution Petroleum Corporatio	COM	30049A107	8,741,438	1,277,988	SH		SOLE		1,191,389	0	86,599
Expedia Group, Inc.	COM	30212P303	26,389,940	256,039	SH		SOLE		193,392	0	62,647
Expeditors International Of Wa	COM	302130109	5,257,161	45,862	SH		SOLE		45,862	0	0
Ferguson Plc	COM	G3421J106	29,223,687	177,684	SH		SOLE		177,684	0	0
Fidelity National Financial, I	COM	31620R303	68,754,258	1,664,752	SH		SOLE		1,579,017	0	85,735
Fiserv, Inc.	COM	337738108	72,452,996	641,404	SH		SOLE		550,306	0	91,098
Fomento Economico Mexicano SAB	COM	344419106	251,591	2,305	SH		SOLE		2,054	0	251
Forward Air Corporation	COM	349853101	27,751,438	403,716	SH		SOLE		385,388	0	18,328
FS KKR Capital Corp.	COM	302635206	36,533,850	1,855,452	SH		SOLE		1,732,518	0	122,934
GE Healthcare Technologies Inc	COM	36266G107	5,831,164	85,702	SH		SOLE		85,702	0	0
Genpact Limited	COM	G3922B107	225,779	6,237	SH		SOLE		5,562	0	675
Genuine Parts Company	COM	372460105	4,355,656	30,168	SH		SOLE		25,120	0	5,048
Genworth Financial, Inc. Class	COM	37247D106	103,148,804	17,602,185	SH		SOLE		16,827,480	0	774,705
Global Payments Inc.	COM	37940X102	8,890,684	77,049	SH		SOLE		77,049	0	0
GMS, Inc.	COM	36251C103	12,926,162	202,066	SH		SOLE		188,875	0	13,191
HF Sinclair Corporation	COM	403949100	42,025,897	738,203	SH		SOLE		713,449	0	24,754
Hostess Brands, Inc. Class A	COM	44109J106	54,262,057	1,629,002	SH		SOLE		1,557,969	0	71,033
Howard Hughes Holdings Inc.	COM	44267T102	4,487,682	60,538	SH		SOLE		60,538	0	0
IDACORP, Inc.	COM	451107106	59,229,598	632,457	SH		SOLE		603,503	0	28,954
Ingles Markets, Incorporated C	COM	457030104	61,867,851	821,291	SH		SOLE		782,310	0	38,981
Interpublic Group of Companies	COM	460690100	10,645,105	371,427	SH		SOLE		309,289	0	62,138
Ituran Location and Control Lt	COM	M6158M104	23,063,245	771,346	SH		SOLE		717,453	0	53,893
J.M. Smucker Company	COM	832696405	8,387,378	68,240	SH		SOLE		56,784	0	11,456
Kelly Services, Inc. Class A	COM	488152208	16,010,511	880,182	SH		SOLE		822,884	0	57,298
Keurig Dr Pepper Inc.	COM	49271V100	53,582,182	1,697,250	SH		SOLE		1,647,975	0	49,275
Kimberly-Clark Corporation	COM	494368103	18,806,435	155,618	SH		SOLE		129,559	0	26,059
Kinder Morgan Inc Class P	COM	49456B101	25,001,894	1,507,955	SH		SOLE		1,259,568	0	248,387
KKR & Co Inc	COM	48251W104	33,777,374	548,334	SH		SOLE		548,334	0	0
Kroger Co.	COM	501044101	92,287,970	2,062,301	SH		SOLE		1,789,005	0	273,296
Laboratory Corporation of Amer	COM	50540R409	28,042,655	139,481	SH		SOLE		108,223	0	31,258
Leslie's, Inc.	COM	527064109	29,946,403	5,290,884	SH		SOLE		5,053,904	0	236,980
Liberty Broadband Corp. Class	COM	530307305	7,194,098	78,779	SH		SOLE		78,779	0	0
Liberty Latin America Ltd. Cla	COM	G9001E102	11,615,099	1,423,419	SH		SOLE		1,379,244	0	44,175
Liberty Latin America Ltd. Cla	COM	G9001E128	16,648,146	2,040,214	SH		SOLE		1,937,496	0	102,718
Lithia Motors, Inc.	COM	536797103	24,850,248	84,144	SH		SOLE		82,061	0	2,083
LKQ Corporation	COM	501889208	226,567,365	4,576,194	SH		SOLE		4,275,359	0	300,835
Lockheed Martin Corporation	COM	539830109	3,004,629	7,347	SH		SOLE		6,383	0	964
M&T Bank Corporation	COM	55261F104	4,670,937	36,939	SH		SOLE		30,730	0	6,209
M.D.C. Holdings, Inc.	COM	552676108	4,104,282	99,546	SH		SOLE		83,111	0	16,435
Madison Square Garden Sports C	COM	55825T103	6,324,234	35,872	SH		SOLE		35,872	0	0
McGrath RentCorp	COM	580589109	75,492,047	753,113	SH		SOLE		706,609	0	46,504
MDU Resources Group, Inc.	COM	552690109	38,358,199	1,959,050	SH		SOLE		1,894,508	0	64,542
Merck & Co., Inc.	COM	58933Y105	8,672,508	84,240	SH		SOLE		72,937	0	11,303
MGM Resorts International	COM	552953101	6,372,714	173,360	SH		SOLE		173,360	0	0
Micron Technology, Inc.	COM	595112103	14,619,851	214,903	SH		SOLE		179,464	0	35,439
Molson Coors Beverage Company	COM	60871R209	27,528,493	432,906	SH		SOLE		417,793	0	15,113
MSC Industrial Direct Co., Inc	COM	553530106	39,215,538	399,547	SH		SOLE		381,052	0	18,495
Murphy USA, Inc.	COM	626755102	146,600,461	428,995	SH		SOLE		395,570	0	33,425
NCR Corporation	COM	62886E108	90,556,684	3,357,682	SH		SOLE		3,216,683	0	140,999
Newmark Group, Inc. Class A	COM	65158N102	25,965,536	4,038,186	SH		SOLE		3,896,320	0	141,866
NMI Holdings, Inc. Class A	COM	629209305	46,146,244	1,703,442	SH		SOLE		1,630,225	0	73,217
NorthWestern Energy Group, Inc	COM	668074305	77,168,452	1,605,669	SH		SOLE		1,533,582	0	72,087
NOW Inc.	COM	67011P100	8,913,741	750,947	SH		SOLE		702,888	0	48,059
NVR, Inc.	COM	62944T105	5,486,236	920	SH		SOLE		920	0	0
Oracle Corporation	COM	68389X105	33,277,840	314,179	SH		SOLE		262,399	0	51,780
Ovintiv Inc	COM	69047Q102	16,670,669	350,445	SH		SOLE		339,293	0	11,152
Park Aerospace Corp.	COM	70014A104	18,428,162	1,186,617	SH		SOLE		1,107,452	0	79,165
Patterson Companies Incorporat	COM	703395103	79,811,628	2,692,700	SH		SOLE		2,355,312	0	337,388
Pediatrix Medical Group, Inc.	COM	58502B106	12,277,847	965,999	SH		SOLE		920,222	0	45,777
PepsiCo, Inc.	COM	713448108	14,454,418	85,307	SH		SOLE		71,016	0	14,291
Permian Resources Corporation	COM	71424F105	106,757,844	7,647,410	SH		SOLE		7,326,321	0	321,089
Pfizer Inc.	COM	717081103	29,023,319	874,987	SH		SOLE		685,093	0	189,894
PNC Financial Services Group,	COM	693475105	21,887,313	178,279	SH		SOLE		148,991	0	29,288
PNM Resources, Inc.	COM	69349H107	24,767,873	555,209	SH		SOLE		531,393	0	23,816
Polaris Inc.	COM	731068102	40,294,890	386,930	SH		SOLE		375,986	0	10,944
Premier, Inc. Class A	COM	74051N102	23,208,992	1,079,488	SH		SOLE		998,444	0	81,044
Primo Water Corporation	COM	74167P108	3,537,257	256,323	SH		SOLE		233,723	0	22,600
Progressive Corporation	COM	743315103	49,513,488	355,445	SH		SOLE		324,594	0	30,851
Qualcomm Incorporated	COM	747525103	25,812,479	232,419	SH		SOLE		179,784	0	52,635
Radian Group Inc.	COM	750236101	53,393,452	2,126,382	SH		SOLE		2,037,866	0	88,516
RB Global, Inc.	COM	74935Q107	8,320,000	133,120	SH		SOLE		128,594	0	4,526
Royal Gold, Inc.	COM	780287108	4,681,497	44,028	SH		SOLE		44,028	0	0
Sk Telecom Co Ltd Sponsored AD	COM	78440P306	246,511	11,487	SH		SOLE		10,252	0	1,235
SM Energy Company	COM	78454L100	90,352,239	2,278,745	SH		SOLE		2,058,376	0	220,369
Southwest Gas Holdings, Inc.	COM	844895102	71,036,481	1,175,906	SH		SOLE		1,126,274	0	49,632
SP Plus Corporation	COM	78469C103	57,923,352	1,604,525	SH		SOLE		1,492,868	0	111,657
SS&C Technologies Holdings, In	COM	78467J100	7,494,516	142,644	SH		SOLE		142,644	0	0
St. Joe Company	COM	790148100	5,282,397	97,228	SH		SOLE		97,228	0	0
Summit Materials, Inc. Class A	COM	86614U100	50,368,639	1,617,490	SH		SOLE		1,538,398	0	79,092
Suncor Energy Inc.	COM	867224107	27,533,945	800,871	SH		SOLE		800,871	0	0
Sysco Corporation	COM	871829107	12,851,679	194,575	SH		SOLE		161,969	0	32,606
T-Mobile US, Inc.	COM	872590104	41,347,522	295,234	SH		SOLE		295,234	0	0
Target Corporation	COM	87612E106	31,638,610	286,141	SH		SOLE		218,761	0	67,380
TD SYNNEX Corporation	COM	87162W100	125,095,121	1,252,705	SH		SOLE		1,148,152	0	104,553
Telefonica Brasil SA Sponsored	COM	87936R205	368,907	43,147	SH		SOLE		38,499	0	4,648
Texas Instruments Incorporated	COM	882508104	13,046,770	82,050	SH		SOLE		68,283	0	13,767
Texas Pacific Land Corporation	COM	88262P102	5,043,967	2,766	SH		SOLE		2,766	0	0
Tidewater Inc	COM	88642R109	5,606,215	78,883	SH		SOLE		78,883	0	0
Trimas Corporation	COM	896215209	36,603,178	1,478,319	SH		SOLE		1,406,946	0	71,373
TripAdvisor, Inc.	COM	896945201	69,237,102	4,175,941	SH		SOLE		3,998,075	0	177,866
Truist Financial Corporation	COM	89832Q109	5,915,690	206,770	SH		SOLE		172,805	0	33,965
U.S. Bancorp	COM	902973304	34,683,279	1,049,101	SH		SOLE		806,073	0	243,028
Ulta Beauty Inc.	COM	90384S303	6,585,732	16,487	SH		SOLE		16,487	0	0
UniFirst Corporation	COM	904708104	137,616,465	844,221	SH		SOLE		808,167	0	36,054
Unilever PLC Sponsored ADR	COM	904767704	46,410,361	939,481	SH		SOLE		721,390	0	218,091
United Parcel Service, Inc. Cl	COM	911312106	45,801,932	293,847	SH		SOLE		226,049	0	67,798
UnitedHealth Group Incorporate	COM	91324P102	39,517,404	78,378	SH		SOLE		78,378	0	0
Valaris Ltd.	COM	G9460G101	27,183,174	362,539	SH		SOLE		362,539	0	0
Verra Mobility Corp. Class A	COM	92511U102	22,312,503	1,193,182	SH		SOLE		1,145,099	0	48,083
Viad Corp	COM	92552R406	47,865,592	1,826,931	SH		SOLE		1,729,319	0	97,612
Vistra Corp.	COM	92840M102	157,792,500	4,755,651	SH		SOLE		4,298,728	0	456,923
Vontier Corp	COM	928881101	96,711,329	3,127,792	SH		SOLE		2,995,382	0	132,410
Watsco, Inc.	COM	942622200	21,835,993	57,810	SH		SOLE		48,123	0	9,687
WEX Inc.	COM	96208T104	142,213,720	756,094	SH		SOLE		693,797	0	62,297
White Mountains Insurance Grou	COM	G9618E107	191,098,329	127,766	SH		SOLE		122,228	0	5,538
WideOpenWest, Inc.	COM	96758W101	5,244,557	685,563	SH		SOLE		640,734	0	44,829
Williams Companies, Inc.	COM	969457100	56,708,221	1,683,236	SH		SOLE		1,330,576	0	352,660
Willis Towers Watson Public Li	COM	G96629103	67,377,898	322,444	SH		SOLE		287,055	0	35,389
World Kinect Corporation	COM	981475106	28,024,109	1,249,403	SH		SOLE		1,198,060	0	51,343
Yelp Inc	COM	985817105	61,018,436	1,467,142	SH		SOLE		1,407,116	0	60,026