ARGA Investment 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
ABBOTT LABORATORIES	Common Stocks	002824100	957,476	8,465	SH		SOLE		8,465	0	0
AERCAP HOLDINGS NV	Common Stocks	N00985106	1,361,811	14,230	SH		SOLE		14,230	0	0
AIR LEASE CORP	Common Stocks	00912X302	859,391	17,826	SH		SOLE		17,826	0	0
ALASKA AIR GROUP INC	Common Stocks	011659109	67,670,354	1,045,102	SH		SOLE		504,569	0	540,533
ALCOA CORP	Common Stocks	013872106	113,276,190	2,998,311	SH		SOLE		1,198,341	0	1,799,970
ALIBABA GROUP HOLDING-SP ADR	Equity Depositary Receipts	01609W102	107,538,818	1,268,296	SH		SOLE		768,607	0	499,689
ALIGHT INC - CLASS A	Common Stocks	01626W101	701,681	101,399	SH		SOLE		101,399	0	0
AMDOCS LTD	Common Stocks	G02602103	1,450,019	17,031	SH		SOLE		17,031	0	0
AMERICAN WATER WORKS CO INC	Common Stocks	030420103	1,629,699	13,091	SH		SOLE		13,091	0	0
AMERICAN WOODMARK CORP	Common Stocks	030506109	584,705	7,352	SH		SOLE		7,352	0	0
AMERIS BANCORP	Common Stocks	03076K108	471,528	7,536	SH		SOLE		7,536	0	0
APPLIED MATERIALS INC	Common Stocks	038222105	703,700	4,327	SH		SOLE		4,327	0	0
ARROW ELECTRONICS INC	Common Stocks	042735100	8,895,191	78,635	SH		SOLE		46,320	0	32,315
ARTISAN PARTNERS ASSET MA -A	Common Stocks	04316A108	382,499	8,885	SH		SOLE		8,885	0	0
ASSOCIATED BANC-CORP	Common Stocks	045487105	415,239	17,374	SH		SOLE		17,374	0	0
ASSURED GUARANTY LTD	Common Stocks	G0585R106	616,749	6,852	SH		SOLE		6,852	0	0
AVNET INC	Common Stocks	053807103	458,166	8,757	SH		SOLE		8,757	0	0
AXCELIS TECHNOLOGIES INC	Common Stocks	054540208	258,240	3,696	SH		SOLE		3,696	0	0
BAIDU INC - SPON ADR	Equity Depositary Receipts	056752108	922,773	10,945	SH		SOLE		10,945	0	0
BANCO BRADESCO-ADR	Equity Depositary Receipts	059460303	158,224,293	82,839,944	SH		SOLE		60,179,420	0	22,660,524
BANK OF AMERICA CORP	Common Stocks	060505104	16,537,374	376,277	SH		SOLE		111,464	0	264,813
BAXTER INTERNATIONAL INC	Common Stocks	071813109	25,386,725	870,601	SH		SOLE		267,526	0	603,075
BERKSHIRE HATHAWAY INC-CL B	Common Stocks	084670702	2,217,899	4,893	SH		SOLE		4,893	0	0
BERRY GLOBAL GROUP INC	Common Stocks	08579W103	1,417,696	21,922	SH		SOLE		21,922	0	0
BIOGEN INC	Common Stocks	09062X103	540,113	3,532	SH		SOLE		3,532	0	0
CAESARS ENTERTAINMENT INC	Common Stocks	12769G100	1,334,995	39,946	SH		SOLE		39,946	0	0
CALIFORNIA RESOURCES CORP	Common Stocks	13057Q305	1,948,002	37,541	SH		SOLE		37,541	0	0
CAPRI HOLDINGS LTD	Common Stocks	G1890L107	4,800,774	227,957	SH		SOLE		227,957	0	0
CARTER'S INC	Common Stocks	146229109	841,571	15,530	SH		SOLE		15,530	0	0
CHEMOURS CO/THE	Common Stocks	163851108	2,511,577	148,614	SH		SOLE		148,614	0	0
CISCO SYSTEMS INC	Common Stocks	17275R102	1,656,771	27,986	SH		SOLE		27,986	0	0
COGNIZANT TECH SOLUTIONS-A	Common Stocks	192446102	3,815,855	49,621	SH		SOLE		49,621	0	0
COLUMBIA BANKING SYSTEM INC	Common Stocks	197236102	2,432,169	90,047	SH		SOLE		90,047	0	0
COMCAST CORP-CLASS A	Common Stocks	20030N101	17,923,915	477,589	SH		SOLE		123,834	0	353,755
CONCENTRIX CORP	Common Stocks	20602D101	473,114	10,934	SH		SOLE		10,934	0	0
CONOCOPHILLIPS	Common Stocks	20825C104	1,266,004	12,766	SH		SOLE		12,766	0	0
CREDICORP LTD	Common Stocks	G2519Y108	145,663,689	794,587	SH		SOLE		497,351	0	297,236
CVS HEALTH CORP	Common Stocks	126650100	107,866,226	2,402,901	SH		SOLE		1,023,080	0	1,379,821
DOLLAR TREE INC	Common Stocks	256746108	1,878,296	25,064	SH		SOLE		25,064	0	0
DOW INC	Common Stocks	260557103	1,520,726	37,895	SH		SOLE		37,895	0	0
EDGEWELL PERSONAL CARE CO	Common Stocks	28035Q102	206,270	6,139	SH		SOLE		6,139	0	0
ENTERGY CORP	Common Stocks	29364G103	1,184,157	15,618	SH		SOLE		15,618	0	0
EOG RESOURCES INC	Common Stocks	26875P101	1,326,928	10,825	SH		SOLE		10,825	0	0
FIRST AMERICAN FINANCIAL	Common Stocks	31847R102	2,159,987	34,593	SH		SOLE		34,593	0	0
FMC CORP	Common Stocks	302491303	362,874	7,465	SH		SOLE		7,465	0	0
FRANKLIN RESOURCES INC	Common Stocks	354613101	945,473	46,598	SH		SOLE		46,598	0	0
GENPACT LTD	Common Stocks	G3922B107	33,196,785	772,917	SH		SOLE		346,081	0	426,836
GERDAU SA -SPON ADR	Equity Depositary Receipts	373737105	649,184	225,411	SH		SOLE		160,365	0	65,046
GILEAD SCIENCES INC	Common Stocks	375558103	16,706,962	180,870	SH		SOLE		64,780	0	116,090
GLOBAL SHIP LEASE INC-CL A	Common Stocks	Y27183600	427,650	19,590	SH		SOLE		19,590	0	0
HDFC BANK LTD-ADR	Equity Depositary Receipts	40415F101	92,585,058	1,449,813	SH		SOLE		952,738	0	497,075
HELIX ENERGY SOLUTIONS GROUP	Common Stocks	42330P107	560,430	60,132	SH		SOLE		60,132	0	0
HELMERICH & PAYNE	Common Stocks	423452101	86,012,604	2,686,215	SH		SOLE		1,159,022	0	1,527,193
HORACE MANN EDUCATORS	Common Stocks	440327104	225,494	5,748	SH		SOLE		5,748	0	0
ICHOR HOLDINGS LTD	Common Stocks	G4740B105	1,571,208	48,765	SH		SOLE		48,765	0	0
INTL FLAVORS & FRAGRANCES	Common Stocks	459506101	513,049	6,068	SH		SOLE		6,068	0	0
INVESCO LTD	Common Stocks	G491BT108	1,731,918	99,080	SH		SOLE		99,080	0	0
IPG PHOTONICS CORP	Common Stocks	44980X109	1,748,189	24,040	SH		SOLE		24,040	0	0
JABIL INC	Common Stocks	466313103	500,772	3,480	SH		SOLE		3,480	0	0
JANUS HENDERSON GROUP PLC	Common Stocks	G4474Y214	1,365,553	32,108	SH		SOLE		32,108	0	0
JAZZ PHARMACEUTICALS PLC	Common Stocks	G50871105	1,501,814	12,195	SH		SOLE		12,195	0	0
JD.COM INC-ADR	Equity Depositary Receipts	47215P106	1,367,385	39,440	SH		SOLE		39,440	0	0
JPMORGAN CHASE & CO	Common Stocks	46625H100	1,665,984	6,950	SH		SOLE		6,950	0	0
JUNIPER NETWORKS INC	Common Stocks	48203R104	560,327	14,962	SH		SOLE		14,962	0	0
KELLY SERVICES INC -A	Common Stocks	488152208	1,358,899	97,482	SH		SOLE		97,482	0	0
KENNAMETAL INC	Common Stocks	489170100	293,212	12,207	SH		SOLE		12,207	0	0
KORN FERRY	Common Stocks	500643200	1,806,716	26,786	SH		SOLE		26,786	0	0
LAS VEGAS SANDS CORP	Common Stocks	517834107	333,910,980	6,501,382	SH		SOLE		3,522,339	0	2,979,043
LA-Z-BOY INC	Common Stocks	505336107	298,498	6,851	SH		SOLE		6,851	0	0
LCI INDUSTRIES	Common Stocks	50189K103	2,794,632	27,030	SH		SOLE		27,030	0	0
LEAR CORP	Common Stocks	521865204	56,404,741	595,615	SH		SOLE		220,529	0	375,086
LIBERTY GLOBAL LTD-A	Common Stocks	G61188101	12,896,940	1,010,732	SH		SOLE		460,265	0	550,467
LYONDELLBASELL INDU-CL A	Common Stocks	N53745100	691,305	9,308	SH		SOLE		9,308	0	0
MAGNA INTERNATIONAL INC	Common Stocks	559222401	107,048,930	2,561,491	SH		SOLE		1,987,329	0	574,162
MANPOWERGROUP INC	Common Stocks	56418H100	5,295,925	91,752	SH		SOLE		91,752	0	0
MELCO RESORTS & ENTERT-ADR	Equity Depositary Receipts	585464100	171,687,535	29,652,424	SH		SOLE		18,261,609	0	11,390,815
MICRON TECHNOLOGY INC	Common Stocks	595112103	1,885,605	22,405	SH		SOLE		22,405	0	0
MOHAWK INDUSTRIES INC	Common Stocks	608190104	1,406,568	11,807	SH		SOLE		11,807	0	0
NAVIENT CORP	Common Stocks	63938C108	650,838	48,972	SH		SOLE		48,972	0	0
NEWELL BRANDS INC	Common Stocks	651229106	12,312,233	1,236,168	SH		SOLE		625,888	0	610,280
NUTRIEN LTD	Common Stocks	67077M108	270,396,212	6,043,590	SH		SOLE		3,799,888	0	2,243,702
NXP SEMICONDUCTORS NV	Common Stocks	N6596X109	1,183,706	5,695	SH		SOLE		5,695	0	0
OLIN CORP	Common Stocks	680665205	2,021,679	59,813	SH		SOLE		59,813	0	0
OPENLANE INC	Common Stocks	48238T109	550,917	27,768	SH		SOLE		27,768	0	0
PATTERSON-UTI ENERGY INC	Common Stocks	703481101	84,374,744	10,214,860	SH		SOLE		4,300,547	0	5,914,313
PBF ENERGY INC-CLASS A	Common Stocks	69318G106	1,161,536	43,749	SH		SOLE		43,749	0	0
PETROLEO BRASILEIRO-SPON ADR	Equity Depositary Receipts	71654V408	141,431,682	10,997,798	SH		SOLE		7,785,707	0	3,212,091
POLARIS INC	Common Stocks	731068102	2,026,034	35,162	SH		SOLE		35,162	0	0
PVH CORP	Common Stocks	693656100	1,891,339	17,885	SH		SOLE		17,885	0	0
QUALCOMM INC	Common Stocks	747525103	973,644	6,338	SH		SOLE		6,338	0	0
RENAISSANCERE HOLDINGS LTD	Common Stocks	G7496G103	1,347,057	5,414	SH		SOLE		5,414	0	0
RESIDEO TECHNOLOGIES INC	Common Stocks	76118Y104	2,739,262	118,840	SH		SOLE		118,840	0	0
REYNOLDS CONSUMER PRODUCTS I	Common Stocks	76171L106	651,404	24,135	SH		SOLE		24,135	0	0
RTX CORP	Common Stocks	75513E101	1,449,740	12,528	SH		SOLE		12,528	0	0
SHINHAN FINANCIAL GROUP-ADR	Equity Depositary Receipts	824596100	532,656	16,200	SH		SOLE		0	0	16,200
SIGNET JEWELERS LTD	Common Stocks	G81276100	292,332	3,622	SH		SOLE		3,622	0	0
SK TELECOM CO LTD-SPON ADR	Equity Depositary Receipts	78440P306	293,298	13,940	SH		SOLE		13,940	0	0
SKYWORKS SOLUTIONS INC	Common Stocks	83088M102	11,633,574	131,186	SH		SOLE		29,880	0	101,306
SLM CORP	Common Stocks	78442P106	499,639	18,116	SH		SOLE		18,116	0	0
SMURFIT WESTROCK PLC	Common Stocks	G8267P108	66,323,423	1,227,386	SH		SOLE		1,119,742	0	107,644
STEELCASE INC-CL A	Common Stocks	858155203	186,803	15,804	SH		SOLE		15,804	0	0
STEWART INFORMATION SERVICES	Common Stocks	860372101	337,113	4,995	SH		SOLE		4,995	0	0
SUNRISE COMMUNICAT-CL A	Equity Depositary Receipts	867975104	7,554,853	175,368	SH		SOLE		68,376	0	106,992
T ROWE PRICE GROUP INC	Common Stocks	74144T108	1,381,055	12,212	SH		SOLE		12,212	0	0
TAIWAN SEMICONDUCTOR-SP ADR	Equity Depositary Receipts	874039100	153,646,035	777,994	SH		SOLE		410,516	0	367,478
TAPESTRY INC	Common Stocks	876030107	808,524	12,376	SH		SOLE		12,376	0	0
TE CONNECTIVITY PLC	Common Stocks	G87052109	1,961,119	13,717	SH		SOLE		13,717	0	0
TENARIS SA-ADR	Equity Depositary Receipts	88031M109	1,856,169	49,118	SH		SOLE		49,118	0	0
THE CIGNA GROUP	Common Stocks	125523100	745,302	2,699	SH		SOLE		2,699	0	0
THOR INDUSTRIES INC	Common Stocks	885160101	1,380,330	14,422	SH		SOLE		14,422	0	0
TRIMAS CORP	Common Stocks	896215209	337,129	13,710	SH		SOLE		13,710	0	0
TRIP.COM GROUP LTD-ADR	Equity Depositary Receipts	89677Q107	295,239,991	4,300,029	SH		SOLE		2,887,064	0	1,412,965
UBS GROUP AG-REG	Common Stocks	H42097107	224,259,489	7,338,038	SH		SOLE		5,303,916	0	2,034,122
UGI CORP	Common Stocks	902681105	3,253,620	115,254	SH		SOLE		115,254	0	0
ULTRA CLEAN HOLDINGS INC	Common Stocks	90385V107	240,649	6,694	SH		SOLE		6,694	0	0
VERMILION ENERGY INC	Common Stocks	923725105	415,018	44,097	SH		SOLE		44,097	0	0
VICTORIA'S SECRET & CO	Common Stocks	926400102	4,079,042	98,480	SH		SOLE		98,480	0	0
VISHAY INTERTECHNOLOGY INC	Common Stocks	928298108	344,119	20,314	SH		SOLE		20,314	0	0
WALKER & DUNLOP INC	Common Stocks	93148P102	700,398	7,205	SH		SOLE		7,205	0	0
WARRIOR MET COAL INC	Common Stocks	93627C101	319,528	5,891	SH		SOLE		5,891	0	0
WESCO INTERNATIONAL INC	Common Stocks	95082P105	2,017,885	11,151	SH		SOLE		11,151	0	0
WYNN RESORTS LTD	Common Stocks	983134107	1,537,956	17,850	SH		SOLE		17,850	0	0