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

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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	11,415,685	66,556	SH		SOLE		50,301	0	16,255
ACI Worldwide, Inc.	COM	004498101	123,458,565	3,118,428	SH		SOLE		2,634,982	0	483,446
Advance Auto Parts, Inc.	COM	00751Y106	46,914,421	740,793	SH		SOLE		653,910	0	86,883
AES Corporation	COM	00130H105	18,559,367	1,056,310	SH		SOLE		813,214	0	243,096
Air Transport Services Group,	COM	00922R105	96,652,637	6,968,467	SH		SOLE		5,919,334	0	1,049,133
Albertsons Companies, Inc. Cla	COM	013091103	5,782,958	292,808	SH		SOLE		292,808	0	0
Alexandria Real Estate Equitie	COM	015271109	7,052,121	60,290	SH		SOLE		60,290	0	0
Alight, Inc. Class A	COM	01626W101	71,601,653	9,702,121	SH		SOLE		8,351,566	0	1,350,555
Alphabet Inc. Class A	COM	02079K305	3,707,845	20,356	SH		SOLE		15,371	0	4,985
Alphabet Inc. Class C	COM	02079K107	17,355,384	94,621	SH		SOLE		94,621	0	0
American Tower Corporation	COM	03027X100	16,981,037	87,360	SH		SOLE		66,448	0	20,912
Amgen Inc.	COM	031162100	15,802,159	50,575	SH		SOLE		38,158	0	12,417
Api Group Corporation	COM	00187Y100	6,422,651	170,679	SH		SOLE		170,679	0	0
Apollo Global Management Inc	COM	03769M106	5,542,678	46,944	SH		SOLE		46,944	0	0
Arch Resources, Inc. Class A	COM	03940R107	4,524,276	29,720	SH		SOLE		29,720	0	0
Ares Management Corporation	COM	03990B101	4,889,777	36,688	SH		SOLE		36,688	0	0
Argan, Inc.	COM	04010E109	57,124,499	780,816	SH		SOLE		659,510	0	121,306
Armstrong World Industries, In	COM	04247X102	84,625,045	747,307	SH		SOLE		629,613	0	117,694
Arrow Electronics, Inc.	COM	042735100	25,729,367	213,062	SH		SOLE		171,914	0	41,148
Asbury Automotive Group, Inc.	COM	043436104	15,182,978	66,630	SH		SOLE		62,240	0	4,390
Atkore Inc	COM	047649108	147,743,897	1,094,967	SH		SOLE		938,985	0	155,982
Atlanta Braves Holdings Inc Cl	COM	047726302	4,889,613	123,976	SH		SOLE		123,976	0	0
Avnet, Inc.	COM	053807103	8,933,927	173,508	SH		SOLE		131,485	0	42,023
Axis Capital Holdings Limited	COM	G0692U109	128,915,903	1,824,712	SH		SOLE		1,547,570	0	277,142
Bausch Lomb Corporation	COM	071705107	28,087,880	1,934,427	SH		SOLE		1,522,360	0	412,067
Berkshire Hathaway Inc. Class	COM	084670702	73,419,671	180,481	SH		SOLE		180,481	0	0
BJ's Wholesale Club Holdings,	COM	05550J101	283,540,668	3,227,922	SH		SOLE		2,861,369	0	366,553
Brady Corporation Class A	COM	104674106	25,179,500	381,392	SH		SOLE		309,474	0	71,918
Bristol-Myers Squibb Company	COM	110122108	9,156,285	220,474	SH		SOLE		166,042	0	54,432
Brookfield Asset Management Lt	COM	113004105	5,621,964	147,752	SH		SOLE		147,752	0	0
Cable One, Inc.	COM	12685J105	2,097,804	5,926	SH		SOLE		4,449	0	1,477
Cannae Holdings, Inc.	COM	13765N107	101,855,247	5,614,953	SH		SOLE		4,820,903	0	794,050
Carlisle Companies Incorporate	COM	142339100	21,345,247	52,677	SH		SOLE		52,677	0	0
Casey's General Stores, Inc.	COM	147528103	24,212,271	63,456	SH		SOLE		63,456	0	0
Centene Corporation	COM	15135B101	7,576,366	114,274	SH		SOLE		114,274	0	0
Choice Hotels International, I	COM	169905106	6,366,024	53,496	SH		SOLE		53,496	0	0
Chubb Limited	COM	H1467J104	16,175,133	63,412	SH		SOLE		47,806	0	15,606
Cisco Systems, Inc.	COM	17275R102	8,932,213	188,007	SH		SOLE		141,895	0	46,112
Clarivate PLC	COM	G21810109	33,431,145	5,875,421	SH		SOLE		4,759,363	0	1,116,058
CNA Financial Corporation	COM	126117100	46,390,325	1,006,953	SH		SOLE		805,161	0	201,792
CNH Industrial NV	COM	N20944109	4,111,514	405,875	SH		SOLE		405,875	0	0
Cogent Communications Holdings	COM	19239V302	16,726,615	296,361	SH		SOLE		223,905	0	72,456
Comcast Corporation Class A	COM	20030N101	39,778,728	1,015,800	SH		SOLE		884,180	0	131,620
CoreCivic, Inc.	COM	21871N101	111,255,149	8,571,275	SH		SOLE		7,257,906	0	1,313,369
Corning Inc	COM	219350105	40,223,697	1,035,359	SH		SOLE		888,871	0	146,488
CRH public limited company	COM	G25508105	90,715,603	1,209,864	SH		SOLE		1,209,864	0	0
Crown Castle Inc.	COM	22822V101	6,063,848	62,066	SH		SOLE		47,136	0	14,930
CSG Systems International, Inc	COM	126349109	3,794,268	92,161	SH		SOLE		69,548	0	22,613
Delek US Holdings Inc	COM	24665A103	100,384,938	4,054,319	SH		SOLE		3,596,975	0	457,344
Delta Air Lines, Inc.	COM	247361702	5,045,671	106,359	SH		SOLE		106,359	0	0
DNOW Inc.	COM	67011P100	11,096,819	808,217	SH		SOLE		753,557	0	54,660
Dollar General Corporation	COM	256677105	4,202,269	31,780	SH		SOLE		24,041	0	7,739
Duckhorn Portfolio, Inc.	COM	26414D106	22,162,991	3,121,548	SH		SOLE		2,532,492	0	589,056
Duke Energy Corporation	COM	26441C204	11,741,544	117,146	SH		SOLE		90,951	0	26,195
Dun & Bradstreet Holdings Inc	COM	26484T106	47,571,629	5,137,325	SH		SOLE		4,198,895	0	938,430
Elevance Health, Inc.	COM	036752103	51,986,590	95,941	SH		SOLE		95,941	0	0
Embecta Corporation	COM	29082K105	44,796,125	3,583,690	SH		SOLE		3,106,542	0	477,148
Entergy Corporation	COM	29364G103	5,031,996	47,028	SH		SOLE		47,028	0	0
Enterprise Products Partners L	COM	293792107	5,859,031	202,175	SH		SOLE		198,910	0	3,265
Envista Holdings Corp.	COM	29415F104	35,930,728	2,160,597	SH		SOLE		1,829,709	0	330,888
EOG Resources, Inc.	COM	26875P101	21,931,589	174,240	SH		SOLE		161,054	0	13,186
ePlus inc.	COM	294268107	65,591,410	890,220	SH		SOLE		755,926	0	134,294
EVERTEC, Inc.	COM	30040P103	65,194,173	1,960,727	SH		SOLE		1,674,838	0	285,889
Evolution Petroleum Corporatio	COM	30049A107	6,973,322	1,323,211	SH		SOLE		1,233,646	0	89,565
Expedia Group, Inc.	COM	30212P303	25,800,232	204,780	SH		SOLE		204,780	0	0
Expeditors International Of Wa	COM	302130109	7,417,518	59,440	SH		SOLE		59,440	0	0
Ferguson Plc	COM	G3421J106	5,449,892	28,143	SH		SOLE		28,143	0	0
Fidelity National Financial, I	COM	31620R303	6,158,819	124,622	SH		SOLE		94,340	0	30,282
Fiserv, Inc.	COM	337738108	21,133,276	141,796	SH		SOLE		141,796	0	0
FS KKR Capital Corp.	COM	302635206	33,147,702	1,680,066	SH		SOLE		1,280,142	0	399,924
GE Healthcare Technologies Inc	COM	36266G107	36,841,589	472,813	SH		SOLE		472,813	0	0
Genuine Parts Company	COM	372460105	24,473,234	176,932	SH		SOLE		162,370	0	14,562
Genworth Financial, Inc.	COM	37247D106	104,252,417	17,260,334	SH		SOLE		14,689,401	0	2,570,933
GEO Group Inc	COM	36162J106	40,856,785	2,845,180	SH		SOLE		2,659,271	0	185,909
Global Payments Inc.	COM	37940X102	18,370,389	189,973	SH		SOLE		189,973	0	0
GXO Logistics Inc	COM	36262G101	47,057,314	931,828	SH		SOLE		753,562	0	178,266
HF Sinclair Corporation	COM	403949100	39,727,952	744,806	SH		SOLE		610,952	0	133,854
Howard Hughes Holdings Inc.	COM	44267T102	3,632,772	56,044	SH		SOLE		56,044	0	0
IDACORP, Inc.	COM	451107106	39,894,096	428,278	SH		SOLE		396,295	0	31,983
Ingles Markets, Incorporated C	COM	457030104	62,210,745	906,730	SH		SOLE		775,541	0	131,189
Interpublic Group of Companies	COM	460690100	7,958,268	273,574	SH		SOLE		206,486	0	67,088
iShares Russell 1000 Value ETF	COM	464287598	52,917,972	303,307	SH		SOLE		303,307	0	0
Ituran Location and Control Lt	COM	M6158M104	12,307,951	499,511	SH		SOLE		415,629	0	83,882
Johnson & Johnson	COM	478160104	7,200,280	49,263	SH		SOLE		39,358	0	9,905
Kelly Services, Inc. Class A	COM	488152208	8,342,150	389,638	SH		SOLE		363,946	0	25,692
Keurig Dr Pepper Inc.	COM	49271V100	22,407,960	670,897	SH		SOLE		670,897	0	0
Kimberly-Clark Corporation	COM	494368103	15,807,869	114,384	SH		SOLE		86,344	0	28,040
Kinder Morgan Inc Class P	COM	49456B101	43,274,575	2,177,885	SH		SOLE		1,904,068	0	273,817
KKR & Co Inc	COM	48251W104	16,931,011	160,880	SH		SOLE		160,880	0	0
Kroger Co.	COM	501044101	85,777,893	1,717,963	SH		SOLE		1,656,628	0	61,335
Labcorp Holdings Inc.	COM	504922105	41,958,878	206,176	SH		SOLE		206,176	0	0
Lennar Corporation Class A	COM	526057104	48,417,752	323,065	SH		SOLE		323,065	0	0
LGI Homes, Inc.	COM	50187T106	42,644,849	476,532	SH		SOLE		407,820	0	68,712
Lithia Motors, Inc.	COM	536797103	72,301,680	286,400	SH		SOLE		238,019	0	48,381
LKQ Corporation	COM	501889208	154,930,611	3,725,189	SH		SOLE		3,191,749	0	533,440
Lockheed Martin Corporation	COM	539830109	1,879,610	4,024	SH		SOLE		3,060	0	964
Madison Square Garden Sports C	COM	55825T103	6,264,165	33,297	SH		SOLE		33,297	0	0
McGrath RentCorp	COM	580589109	79,013,111	741,559	SH		SOLE		630,097	0	111,462
MDU Resources Group, Inc.	COM	552690109	48,221,568	1,921,178	SH		SOLE		1,654,458	0	266,720
MGM Resorts International	COM	552953101	22,116,810	497,678	SH		SOLE		497,678	0	0
Micron Technology, Inc.	COM	595112103	19,689,909	149,699	SH		SOLE		113,251	0	36,448
Mid-America Apartment Communit	COM	59522J103	69,166,848	485,007	SH		SOLE		485,007	0	0
Molson Coors Beverage Company	COM	60871R209	83,764,079	1,647,926	SH		SOLE		1,383,894	0	264,032
MSC Industrial Direct Co., Inc	COM	553530106	27,051,134	341,081	SH		SOLE		297,031	0	44,050
Murphy USA, Inc.	COM	626755102	172,657,529	367,779	SH		SOLE		314,228	0	53,551
NCR Atleos Corporation	COM	63001N106	6,145,969	227,460	SH		SOLE		212,078	0	15,382
NCR Voyix Corporation	COM	62886E108	41,951,641	3,396,894	SH		SOLE		2,912,522	0	484,372
Newmark Group, Inc. Class A	COM	65158N102	30,703,381	3,001,308	SH		SOLE		2,427,749	0	573,559
NMI Holdings, Inc.	COM	629209305	53,334,995	1,566,833	SH		SOLE		1,318,257	0	248,576
Nomad Foods Ltd.	COM	G6564A105	64,352,966	3,904,913	SH		SOLE		3,340,443	0	564,470
NorthWestern Energy Group, Inc	COM	668074305	111,195,378	2,220,355	SH		SOLE		1,913,003	0	307,352
NVR, Inc.	COM	62944T105	6,480,630	854	SH		SOLE		854	0	0
OPENLANE, Inc.	COM	48238T109	72,564,378	4,373,983	SH		SOLE		3,759,746	0	614,237
Oracle Corporation	COM	68389X105	33,202,333	235,144	SH		SOLE		178,948	0	56,196
Ovintiv Inc	COM	69047Q102	14,910,519	318,125	SH		SOLE		257,821	0	60,304
P10, Inc. Class A	COM	69376K106	65,880,942	7,768,979	SH		SOLE		6,683,392	0	1,085,587
Papa John's International, Inc	COM	698813102	57,089,156	1,215,180	SH		SOLE		1,041,653	0	173,527
Park Aerospace Corp.	COM	70014A104	16,672,500	1,218,750	SH		SOLE		1,138,107	0	80,643
Patterson Companies Incorporat	COM	703395103	46,292,792	1,919,270	SH		SOLE		1,654,970	0	264,300
Paycom Software, Inc.	COM	70432V102	9,195,612	64,287	SH		SOLE		48,387	0	15,900
PepsiCo, Inc.	COM	713448108	10,348,203	62,743	SH		SOLE		47,367	0	15,376
Permian Resources Corporation	COM	71424F105	80,079,727	4,958,497	SH		SOLE		4,009,977	0	948,520
Pfizer Inc.	COM	717081103	8,959,168	320,199	SH		SOLE		256,347	0	63,852
PNC Financial Services Group,	COM	693475105	20,874,589	134,259	SH		SOLE		101,462	0	32,797
PNM Resources, Inc.	COM	69349H107	106,960,503	2,893,953	SH		SOLE		2,538,874	0	355,079
Polaris Inc.	COM	731068102	42,572,213	543,637	SH		SOLE		449,914	0	93,723
Primo Water Corporation	COM	74167P108	8,526,952	390,071	SH		SOLE		334,866	0	55,205
Progressive Corporation	COM	743315103	38,911,976	187,338	SH		SOLE		156,822	0	30,516
Qualcomm Incorporated	COM	747525103	5,682,805	28,531	SH		SOLE		21,549	0	6,982
Radian Group Inc.	COM	750236101	52,031,855	1,673,050	SH		SOLE		1,408,780	0	264,270
Repay Holdings Corp. Class A	COM	76029L100	10,514,381	995,680	SH		SOLE		927,950	0	67,730
Robert Half Inc.	COM	770323103	4,183,140	65,382	SH		SOLE		65,382	0	0
Royal Gold, Inc.	COM	780287108	5,957,366	47,598	SH		SOLE		47,598	0	0
Royalty Pharma Plc Class A	COM	G7709Q104	11,287,995	428,062	SH		SOLE		323,299	0	104,763
Salesforce, Inc.	COM	79466L302	3,919,747	15,246	SH		SOLE		11,535	0	3,711
SM Energy Company	COM	78454L100	76,945,250	1,779,904	SH		SOLE		1,545,556	0	234,348
Southwest Gas Holdings, Inc.	COM	844895102	82,469,102	1,171,769	SH		SOLE		997,897	0	173,872
SS&C Technologies Holdings, In	COM	78467J100	8,278,018	132,089	SH		SOLE		132,089	0	0
St. Joe Company	COM	790148100	6,224,094	113,786	SH		SOLE		113,786	0	0
Starbucks Corporation	COM	855244109	23,231,686	298,416	SH		SOLE		283,911	0	14,505
Summit Materials, Inc. Class A	COM	86614U100	112,731,342	3,079,250	SH		SOLE		2,646,602	0	432,648
Suncor Energy Inc.	COM	867224107	14,985,035	393,308	SH		SOLE		393,308	0	0
Sysco Corporation	COM	871829107	8,162,875	114,342	SH		SOLE		86,437	0	27,905
T-Mobile US, Inc.	COM	872590104	13,337,178	75,702	SH		SOLE		75,702	0	0
Target Corporation	COM	87612E106	14,799,707	99,971	SH		SOLE		75,460	0	24,511
TD SYNNEX Corporation	COM	87162W100	107,465,096	931,240	SH		SOLE		773,629	0	157,611
Texas Instruments Incorporated	COM	882508104	13,635,191	70,093	SH		SOLE		53,001	0	17,092
Texas Pacific Land Corporation	COM	88262P102	5,642,131	7,684	SH		SOLE		7,684	0	0
Tidewater Inc	COM	88642R109	5,255,116	55,195	SH		SOLE		55,195	0	0
Trimas Corporation	COM	896215209	37,604,025	1,471,206	SH		SOLE		1,291,422	0	179,784
TripAdvisor, Inc.	COM	896945201	49,019,781	2,752,374	SH		SOLE		2,319,532	0	432,842
U.S. Bancorp	COM	902973304	15,800,481	397,997	SH		SOLE		300,359	0	97,638
Ulta Beauty Inc.	COM	90384S303	46,209,090	119,753	SH		SOLE		119,753	0	0
UniFirst Corporation	COM	904708104	147,857,316	861,991	SH		SOLE		735,593	0	126,398
Unilever PLC Sponsored ADR	COM	904767704	35,261,293	641,231	SH		SOLE		543,237	0	97,994
United Parcel Service, Inc. Cl	COM	911312106	30,462,947	222,601	SH		SOLE		189,499	0	33,102
UnitedHealth Group Incorporate	COM	91324P102	49,057,525	96,331	SH		SOLE		96,331	0	0
Vail Resorts, Inc.	COM	91879Q109	8,701,180	48,305	SH		SOLE		48,305	0	0
Valaris Ltd.	COM	G9460G101	29,809,089	400,122	SH		SOLE		400,122	0	0
Valmont Industries, Inc.	COM	920253101	6,525,323	23,776	SH		SOLE		23,776	0	0
Viad Corp	COM	92552R406	64,015,370	1,882,805	SH		SOLE		1,581,839	0	300,966
Vistra Corp.	COM	92840M102	49,917,237	580,568	SH		SOLE		463,777	0	116,791
Vontier Corp	COM	928881101	74,138,866	1,940,808	SH		SOLE		1,678,256	0	262,552
Warrior Met Coal, Inc.	COM	93627C101	44,439,277	707,970	SH		SOLE		601,986	0	105,984
Watsco, Inc.	COM	942622200	8,466,637	18,277	SH		SOLE		13,848	0	4,429
WESCO International, Inc.	COM	95082P105	57,932,561	365,459	SH		SOLE		290,183	0	75,276
WEX Inc.	COM	96208T104	121,553,645	686,201	SH		SOLE		585,667	0	100,534
White Mountains Insurance Grou	COM	G9618E107	211,405,784	116,320	SH		SOLE		98,927	0	17,393
Williams Companies, Inc.	COM	969457100	26,719,027	628,683	SH		SOLE		484,670	0	144,013
Willis Towers Watson Public Li	COM	G96629103	70,434,659	268,691	SH		SOLE		263,104	0	5,587
Willscot Mobile Mini Holdings	COM	971378104	50,665,360	1,346,051	SH		SOLE		1,120,226	0	225,825
World Kinect Corporation	COM	981475106	28,115,885	1,089,763	SH		SOLE		922,203	0	167,560
Yelp Inc	COM	985817105	50,061,781	1,354,852	SH		SOLE		1,152,591	0	202,261