Foundry Partners 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
Expires:	Oct 31, 2018
Estimated average burden
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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
ALEXANDER & BALDWIN INC	REIT	014491104	481,586	25,320	SH		SOLE		6,520	0	18,800
ALPINE INCOME	REIT	02083X103	2,648,613	156,630	SH		SOLE		55,770	0	100,860
APPLE HOSPITALITY REIT	REIT	03784Y200	5,191,472	312,551	SH		SOLE		312,551	0	0
COMMUNITY HEALTHCARE TRUST	REIT	20369C106	3,779,976	141,891	SH		SOLE		48,976	0	92,915
CORECIVIC INC	REIT	21871N101	6,914,246	475,860	SH		SOLE		475,860	0	0
EMPIRE STATE REALTY TRUST INC	REIT	292104106	5,675,511	585,708	SH		SOLE		585,708	0	0
ESSENTIAL PROPERTIES REALTY	REIT	29670E107	438,967	17,174	SH		SOLE		4,949	0	12,225
MID-AMER APARTMENT	REIT	59522J103	7,356,441	54,711	SH		SOLE		36,756	0	17,955
NEWMARK GROUP INC	REIT	65158N102	7,864,140	717,531	SH		SOLE		717,531	0	0
POSTAL REALTY TRUST	REIT	73757R102	2,571,951	176,645	SH		SOLE		62,360	0	114,285
SIMON PROPERTY GROUP INC	REIT	828806109	25,743,239	180,477	SH		SOLE		119,917	0	60,560
W P CAREY INC	REIT	92936U109	9,969,982	153,834	SH		SOLE		103,159	0	50,675
WHITESTONE REIT	REIT	966084204	9,915,216	806,771	SH		SOLE		593,871	0	212,900
ABBVIE INC	COM	00287Y109	510,626	3,295	SH		SOLE		0	0	3,295
ACCO BRANDS CORP	COM	00081T108	3,684,650	606,028	SH		SOLE		213,660	0	392,368
ACCURAY INC	COM	004397105	4,160,256	1,470,055	SH		SOLE		519,015	0	951,040
ADEIA INC	COM	00676P107	6,419,556	518,124	SH		SOLE		518,124	0	0
ADIENT PLC	COM	G0084W101	3,899,319	107,242	SH		SOLE		107,242	0	0
AES CORP	COM	00130H105	17,511,032	909,664	SH		SOLE		601,719	0	307,945
AGILENT TECHNOLOGIES INC	COM	00846U101	326,303	2,347	SH		SOLE		0	0	2,347
ALAMOS GOLD INC	COM	011532108	6,143,573	456,093	SH		SOLE		427,283	0	28,810
ALLISON TRANS HOLDINGS	COM	01973R101	6,047,135	103,992	SH		SOLE		103,992	0	0
ALPHABET INC A	COM	02079K305	785,058	5,620	SH		SOLE		0	0	5,620
ALTA EQUIPMENT GROUP	COM	02128L106	2,924,268	236,400	SH		SOLE		83,415	0	152,985
ALTISOURCE PORFOLIO SOLUTIONS	COM	L0175J104	2,116,171	594,430	SH		SOLE		209,495	0	384,935
ALTRIA GROUP	COM	02209S103	19,771,885	490,131	SH		SOLE		320,666	0	169,465
AMAZON.COM	COM	023135106	396,563	2,610	SH		SOLE		0	0	2,610
AMERANT BANCORP	COM	023576101	3,268,424	133,025	SH		SOLE		47,015	0	86,010
AMERICAN PUBLIC EDUCATION	COM	02913V103	4,408,554	456,845	SH		SOLE		161,336	0	295,509
AMERIPRISE FINANCIAL	COM	03076C106	30,997,546	81,609	SH		SOLE		53,739	0	27,870
AMERISAFE INC	COM	03071H100	4,072,901	87,065	SH		SOLE		30,735	0	56,330
AMPHENOL CORP-CL A	COM	032095101	622,338	6,278	SH		SOLE		0	0	6,278
AMPLIFY ENERGY CORP	COM	03212B103	3,410,076	575,055	SH		SOLE		202,865	0	372,190
APPLE INC	COM	037833100	617,059	3,205	SH		SOLE		0	0	3,205
APPLIED INDUSTRIAL TECH	COM	03820C105	515,307	2,984	SH		SOLE		724	0	2,260
APPLIED MATERIALS INC	COM	038222105	19,166,884	118,263	SH		SOLE		79,453	0	38,810
ARISTA NETWORKS INC	COM	040413106	445,349	1,891	SH		SOLE		0	0	1,891
ARTESIAN RESOURCES CORP	COM	043113208	4,839,743	116,761	SH		SOLE		38,842	0	77,919
ASBURY AUTOMOTIVE GROUP	COM	043436104	4,238,885	18,842	SH		SOLE		18,842	0	0
ASSOCIATED BANC CORP	COM	045487105	6,460,999	302,057	SH		SOLE		292,497	0	9,560
AUTOLIV INC	COM	052800109	15,165,119	137,627	SH		SOLE		92,497	0	45,130
AVANOS MEDICAL	COM	05350V106	8,322,180	371,029	SH		SOLE		255,424	0	115,605
AXIS CAPITAL HOLDINGS LTD	COM	G0692U109	3,502,872	63,263	SH		SOLE		63,263	0	0
AXOS FINANCIAL INC	COM	05465C100	348,130	6,376	SH		SOLE		1,841	0	4,535
AXT INC	COM	00246W103	658,740	274,475	SH		SOLE		96,785	0	177,690
B&G FOODS INC	COM	05508R106	2,700,180	257,160	SH		SOLE		84,295	0	172,865
BANC OF CALIFORNIA	COM	05990K106	4,427,468	329,670	SH		SOLE		110,650	0	219,020
BANK OF NEW YORK MELLON	COM	064058100	17,134,392	329,191	SH		SOLE		221,131	0	108,060
BANNER CORP	COM	06652V208	345,194	6,445	SH		SOLE		1,520	0	4,925
BAR HARBOR BANKSHARES	COM	066849100	2,796,687	95,255	SH		SOLE		33,415	0	61,840
BARRETT BUSINESS SVCS INC	COM	068463108	5,278,743	45,585	SH		SOLE		16,090	0	29,495
BEAZER HOMES USA	COM	07556Q881	4,277,983	126,605	SH		SOLE		44,720	0	81,885
BENCHMARK ELECTRONICS	COM	08160H101	4,578,013	165,630	SH		SOLE		55,695	0	109,935
BERRY CORP	COM	08579X101	5,003,602	711,750	SH		SOLE		711,750	0	0
BIO-TECHNE CORP	COM	09073M104	207,869	2,694	SH		SOLE		0	0	2,694
BIOMARIN PHARMACEUTICAL	COM	09061G101	217,427	2,255	SH		SOLE		0	0	2,255
BLOOMIN' BRANDS INC	COM	094235108	5,637,206	200,256	SH		SOLE		200,256	0	0
BRIDGEWATER BANCSHARES	COM	108621103	893,334	66,075	SH		SOLE		23,190	0	42,885
BROADCOM INC	COM	11135F101	574,869	515	SH		SOLE		0	0	515
BROWN & BROWN INC COM	COM	115236101	218,379	3,071	SH		SOLE		0	0	3,071
CADENCE DESIGN SYS INC	COM	127387108	516,958	1,898	SH		SOLE		0	0	1,898
CARPENTER TECHNOLOGY	COM	144285103	437,473	6,179	SH		SOLE		1,674	0	4,505
CASS INFORMATION SYS COM	COM	14808P109	5,000,099	110,990	SH		SOLE		39,035	0	71,955
CATALENT INC	COM	148806102	203,443	4,528	SH		SOLE		0	0	4,528
CATERPILLAR INC	COM	149123101	20,688,917	69,973	SH		SOLE		46,083	0	23,890
CECO ENVIRONMENTAL	COM	125141101	4,144,015	204,340	SH		SOLE		72,185	0	132,155
CELESTICA INC SUB VTG SHS	COM	15101Q108	2,796,181	95,498	SH		SOLE		95,498	0	0
CENTURY CASINOS INC	COM	156492100	3,373,539	691,299	SH		SOLE		236,337	0	454,962
CENTURY COMMUNITIES INC	COM	156504300	209,166	2,295	SH		SOLE		0	0	2,295
CHESAPEAKE ENERGY CORP	COM	165167735	12,965,698	168,517	SH		SOLE		113,252	0	55,265
CHEVRON CORP	COM	166764100	24,218,811	162,368	SH		SOLE		107,113	0	55,255
CHIPOTLE MEXICAN GRILL	COM	169656105	285,870	125	SH		SOLE		0	0	125
CHORD ENERGY	COM	674215207	5,903,326	35,513	SH		SOLE		35,513	0	0
CISCO SYSTEMS	COM	17275R102	11,034,679	218,422	SH		SOLE		141,277	0	77,145
CITIGROUP INC	COM	172967424	32,957,042	640,689	SH		SOLE		429,799	0	210,890
CIVITAS RESOURCES	COM	17888H103	360,704	5,275	SH		SOLE		1,505	0	3,770
CLIMB GLOBAL SOLUTIONS	COM	946760105	1,968,123	35,895	SH		SOLE		12,680	0	23,215
COCA-COLA EUROPACIFIC	COM	G25839104	13,749,308	206,013	SH		SOLE		138,358	0	67,655
COCA COLA CONSOLIDATED	COM	191098102	8,524,569	9,182	SH		SOLE		9,182	0	0
COHU INC	COM	192576106	233,397	6,595	SH		SOLE		0	0	6,595
COLUMBUS MCKINNON	COM	199333105	3,830,398	98,165	SH		SOLE		33,285	0	64,880
COMCAST CORP-CLASS A	COM	20030N101	21,036,774	479,744	SH		SOLE		317,579	0	162,165
COMPUTER PROG & SYSTEMS	COM	205306103	2,543,184	227,070	SH		SOLE		76,005	0	151,065
COMSTOCK RESOURCES INC	COM	205768302	3,715,991	419,886	SH		SOLE		419,886	0	0
CONSTELLATION ENERGY	COM	21037T109	9,290,768	79,483	SH		SOLE		53,426	0	26,057
COPA HOLDINGS A	COM	P31076105	4,003,316	37,657	SH		SOLE		37,657	0	0
COVENANT LOGISTICS	COM	22284P105	3,386,288	73,551	SH		SOLE		73,551	0	0
CRA INTERNATIONAL	COM	12618T105	4,601,962	46,555	SH		SOLE		16,575	0	29,980
CRANE NXT CO	COM	224441105	6,922,671	121,728	SH		SOLE		121,728	0	0
CRAWFORD & COMPANY CLASS A	COM	224633206	2,086,302	158,293	SH		SOLE		55,593	0	102,700
CROSS COUNTRY HEALTH	COM	227483104	5,829,619	257,492	SH		SOLE		211,322	0	46,170
CVS HEALTH	COM	126650100	17,132,109	216,972	SH		SOLE		143,542	0	73,430
DANAOS CORP	COM	Y1968P121	5,755,277	77,711	SH		SOLE		77,711	0	0
DARDEN RESTAURANTS INC	COM	237194105	9,527,428	57,988	SH		SOLE		38,968	0	19,020
DELTA AIRLINES	COM	247361702	23,282,107	578,725	SH		SOLE		384,650	0	194,075
DEXCOM INC	COM	252131107	393,738	3,173	SH		SOLE		0	0	3,173
DIME COMMUNITY BANCSHARES	COM	25432X102	4,222,355	156,790	SH		SOLE		52,251	0	104,539
DONEGAL GROUP INC - CL A	COM	257701201	3,448,675	246,510	SH		SOLE		86,905	0	159,605
DR HORTON INC	COM	23331A109	259,582	1,708	SH		SOLE		0	0	1,708
DRIL-QUIP INC	COM	262037104	3,213,820	138,110	SH		SOLE		46,570	0	91,540
DUCOMMUN INC	COM	264147109	6,817,101	130,947	SH		SOLE		45,061	0	85,886
DUKE ENERGY CORP	COM	26441C204	26,393,813	271,989	SH		SOLE		181,159	0	90,830
EDGEWELL PERSONAL CARE	COM	28035Q102	364,835	9,960	SH		SOLE		2,465	0	7,495
EDWARDS LIFESCIENCES CORP	COM	28176E108	286,319	3,755	SH		SOLE		0	0	3,755
ELEVANCE HEALTH, INC	COM	036752103	18,943,037	40,171	SH		SOLE		26,941	0	13,230
EMERSON ELECTRIC CO	COM	291011104	17,777,908	182,656	SH		SOLE		120,211	0	62,445
ENACT HOLDINGS INC	COM	29249E109	3,625,955	125,509	SH		SOLE		125,509	0	0
ENERPLUS CORPORATION	COM	292766102	7,106,500	463,266	SH		SOLE		463,266	0	0
ENOVA HOLDINGS INC	COM	29357K103	7,634,587	137,908	SH		SOLE		137,908	0	0
ENTRAVISION COMM A	COM	29382R107	3,034,280	727,645	SH		SOLE		256,830	0	470,815
ENVISTA HOLDINGS CORP	COM	29415F104	3,571,394	148,437	SH		SOLE		148,437	0	0
EPAM SYSTEMS INC	COM	29414B104	201,894	679	SH		SOLE		0	0	679
EVOLUTION PETROLEUM	COM	30049A107	1,132,195	194,870	SH		SOLE		68,810	0	126,060
FAIR ISAAC CORP	COM	303250104	595,973	512	SH		SOLE		0	0	512
FB FINANCIAL CORP	COM	30257X104	216,983	5,445	SH		SOLE		0	0	5,445
FEDERAL AGRIC MTG C	COM	313148306	7,395,433	38,675	SH		SOLE		13,170	0	25,505
FIRST BANCORP INC ME	COM	31866P102	1,124,567	39,850	SH		SOLE		13,995	0	25,855
FIRST BANK	COM	31931U102	1,256,556	85,480	SH		SOLE		30,010	0	55,470
FIRST FINANCIAL	COM	320218100	2,288,335	53,180	SH		SOLE		18,705	0	34,475
FIRST INTERNET BANC	COM	320557101	1,502,320	62,105	SH		SOLE		21,975	0	40,130
FIVE BELOW	COM	33829M101	265,171	1,244	SH		SOLE		0	0	1,244
FORTINET INC	COM	34959E109	250,216	4,275	SH		SOLE		0	0	4,275
FREEPORT-MCMORAN	COM	35671D857	7,606,195	178,675	SH		SOLE		120,050	0	58,625
GENERAC HOLDINGS INC	COM	368736104	247,624	1,916	SH		SOLE		0	0	1,916
GENWORTH FINANCIAL INC-CL A	COM	37247D106	4,807,903	719,746	SH		SOLE		719,746	0	0
GILEAD SCIENCES	COM	375558103	15,750,207	194,423	SH		SOLE		130,623	0	63,800
GLOBAL SHIP LEASE INC CL A	COM	Y27183600	5,964,611	300,939	SH		SOLE		102,904	0	198,035
GOLDMAN SACHS	COM	38141G104	12,051,455	31,240	SH		SOLE		20,295	0	10,945
GROUP 1 AUTOMOTIVE INC	COM	398905109	7,342,406	24,094	SH		SOLE		24,094	0	0
GUESS INC	COM	401617105	5,959,972	258,455	SH		SOLE		258,455	0	0
H&E EQUIPMENT SERVICES INC	COM	404030108	3,999,916	76,451	SH		SOLE		76,451	0	0
HANCOCK WHITNEY CORP	COM	410120109	8,903,680	183,241	SH		SOLE		179,091	0	4,150
HANMI FINANCIAL CORP	COM	410495204	1,462,566	75,390	SH		SOLE		26,625	0	48,765
HARTFORD FINANCIAL SERVICES	COM	416515104	18,399,384	228,905	SH		SOLE		153,790	0	75,115
HAWKINS INC	COM	420261109	3,656,488	51,924	SH		SOLE		18,235	0	33,689
HAYNES INTERNATIONAL	COM	420877201	5,771,748	101,170	SH		SOLE		34,300	0	66,870
HEALTHCARE SVCS GP	COM	421906108	2,750,228	265,210	SH		SOLE		93,425	0	171,785
HELIX ENERGY SOLUTIONS	COM	42330P107	5,126,317	498,669	SH		SOLE		176,453	0	322,216
HILLENBRAND INC	COM	431571108	6,824,989	142,633	SH		SOLE		142,633	0	0
HOME DEPOT INC	COM	437076102	526,756	1,520	SH		SOLE		0	0	1,520
HOMETRUST BANCSHARES	COM	437872104	2,228,438	82,780	SH		SOLE		29,065	0	53,715
HORACE MANN EDUCATORS	COM	440327104	536,247	16,399	SH		SOLE		3,529	0	12,870
HORIZON BANCORP INC	COM	440407104	1,066,853	74,553	SH		SOLE		26,278	0	48,275
HOWMET AEROSPACE	COM	443201108	326,235	6,028	SH		SOLE		0	0	6,028
HUBSPOT INC	COM	443573100	209,575	361	SH		SOLE		0	0	361
HUDBAY MINERALS INC	COM	443628102	5,804,832	1,051,600	SH		SOLE		1,051,600	0	0
HUDSON TECHNOLOGIES COM	COM	444144109	5,039,446	373,569	SH		SOLE		373,569	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	10,703,537	841,473	SH		SOLE		564,478	0	276,995
HUNTINGTON INGALLS	COM	446413106	214,203	825	SH		SOLE		0	0	825
IDEXX LABORATORIES INC	COM	45168D104	449,590	810	SH		SOLE		0	0	810
IDT CORP CL B	COM	448947507	4,953,447	145,305	SH		SOLE		49,045	0	96,260
IMAX CORP	COM	45245E109	4,787,475	318,740	SH		SOLE		109,100	0	209,640
INDEPENDENT BANK MI	COM	453838609	5,530,941	212,565	SH		SOLE		75,140	0	137,425
INSPIRED ENTERTAINMENT	COM	45782N108	3,356,878	339,765	SH		SOLE		120,175	0	219,590
INTEGER HOLDINGS CORP	COM	45826H109	595,768	6,013	SH		SOLE		1,698	0	4,315
INTL BUSINESS MACHINES CORP	COM	459200101	16,684,880	102,017	SH		SOLE		66,342	0	35,675
INTREPID POTASH INC	COM	46121Y201	3,367,678	140,966	SH		SOLE		47,893	0	93,073
JABIL INC	COM	466313103	10,417,498	81,770	SH		SOLE		54,955	0	26,815
JOHNSON & JOHNSON	COM	478160104	18,795,634	119,916	SH		SOLE		78,439	0	41,477
JPMORGAN CHASE	COM	46625H100	45,436,602	267,117	SH		SOLE		176,607	0	90,510
KB HOME	COM	48666K109	5,500,852	88,070	SH		SOLE		88,070	0	0
KELLY SERVICES INC -A	COM	488152208	1,861,482	86,100	SH		SOLE		30,405	0	55,695
KEMPER CORP	COM	488401100	482,028	9,904	SH		SOLE		1,929	0	7,975
KENVUE	COM	49177J102	10,611,017	492,848	SH		SOLE		326,493	0	166,355
KEYSIGHT TECHNOLOGIES	COM	49338L103	278,726	1,752	SH		SOLE		0	0	1,752
KIMBALL ELECTRONICS	COM	49428J109	4,243,816	157,470	SH		SOLE		55,990	0	101,480
KLA CORP	COM	482480100	251,703	433	SH		SOLE		0	0	433
KROGER CO	COM	501044101	15,933,820	348,585	SH		SOLE		229,350	0	119,235
LAKELAND BANCORP	COM	511637100	3,296,321	222,875	SH		SOLE		78,785	0	144,090
LAM RESEARCH CORP	COM	512807108	305,471	390	SH		SOLE		0	0	390
LANDSEA HOMES CORP	COM	51509P103	6,265,678	476,840	SH		SOLE		160,355	0	316,485
LANTHEUS HOLDINGS INC	COM	516544103	4,581,862	73,901	SH		SOLE		73,901	0	0
LENNAR CORP-A	COM	526057104	13,180,800	88,438	SH		SOLE		59,423	0	29,015
LENNOX INTL INC	COM	526107107	368,756	824	SH		SOLE		0	0	824
LIBERTY ENERGY INC	COM	53115L104	3,281,580	180,903	SH		SOLE		180,903	0	0
LKQ CORP	COM	501889208	11,721,597	245,273	SH		SOLE		164,528	0	80,745
LULULEMON ATHLETICA INC	COM	550021109	852,320	1,667	SH		SOLE		0	0	1,667
LUTHER BURBANK CORP	COM	550550107	2,832,902	264,510	SH		SOLE		92,755	0	171,755
LYONDELLBASELL INDU-CL A	COM	N53745100	8,694,305	91,442	SH		SOLE		60,257	0	31,185
M/I HOMES INC	COM	55305B101	220,384	1,600	SH		SOLE		0	0	1,600
MERCK & CO	COM	58933Y105	13,521,205	124,025	SH		SOLE		83,355	0	40,670
META PLATFORMS INC	COM	30303M102	339,802	960	SH		SOLE		0	0	960
MGE ENERGY INC COM	COM	55277P104	322,141	4,455	SH		SOLE		0	0	4,455
MGIC INVT CORP WIS	COM	552848103	6,550,942	339,603	SH		SOLE		339,603	0	0
MICROSOFT CORP	COM	594918104	966,423	2,570	SH		SOLE		0	0	2,570
MIDDLESEX WATER CO COM	COM	596680108	3,024,098	46,085	SH		SOLE		16,295	0	29,790
MINERALS TECHNOLOGIES INC	COM	603158106	7,686,933	107,796	SH		SOLE		102,941	0	4,855
MISTRAS GROUP	COM	60649T107	2,800,683	382,607	SH		SOLE		135,023	0	247,584
MOLSON COORS BEVERAGE - CL B	COM	60871R209	6,344,723	103,655	SH		SOLE		69,635	0	34,020
MONOLITHIC POWER SYSTEMS	COM	609839105	329,267	522	SH		SOLE		0	0	522
MOOG INC CL A	COM	615394202	4,085,547	28,219	SH		SOLE		25,559	0	2,660
MSCI INC	COM	55354G100	322,420	570	SH		SOLE		0	0	570
MURPHY OIL CORP	COM	626717102	5,506,084	129,069	SH		SOLE		129,069	0	0
MYERS INDS INC	COM	628464109	2,512,038	128,493	SH		SOLE		44,767	0	83,726
NATIONAL FUEL GAS CO	COM	636180101	9,019,061	179,770	SH		SOLE		176,710	0	3,060
NATIONAL HEALTHCARE COM	COM	635906100	5,202,784	56,295	SH		SOLE		18,855	0	37,440
NATURAL GROCERS	COM	63888U108	4,242,144	265,134	SH		SOLE		93,518	0	171,616
NEWMONT MINING CORP	COM	651639106	8,514,047	205,703	SH		SOLE		138,198	0	67,505
NORTHEAST BANCORP	COM	66405S100	4,123,686	74,718	SH		SOLE		26,582	0	48,136
NORTHWEST PIPE	COM	667746101	5,305,486	175,330	SH		SOLE		61,965	0	113,365
NORTHWESTERN ENERGY GROUP	COM	668074305	436,891	8,585	SH		SOLE		2,545	0	6,040
NORTWEST NATURAL HOLDING	COM	66765N105	498,315	12,797	SH		SOLE		4,077	0	8,720
NVE CORP	COM	629445206	2,190,158	27,925	SH		SOLE		9,940	0	17,985
NVIDIA CORP	COM	67066G104	438,270	885	SH		SOLE		0	0	885
O'REILLY AUTOMOTIVE INC	COM	67103H107	312,576	329	SH		SOLE		0	0	329
OCEANFIRST FINL CORP	COM	675234108	263,768	15,194	SH		SOLE		4,729	0	10,465
OIL-DRI CORP OF AMERICA	COM	677864100	5,274,165	78,625	SH		SOLE		27,750	0	50,875
OLD DOMINION FREIGHT	COM	679580100	324,264	800	SH		SOLE		0	0	800
OLD NATIONAL BANCORP	COM	680033107	8,141,453	482,028	SH		SOLE		469,418	0	12,610
ON SEMICONDUCTOR CORP	COM	682189105	319,419	3,824	SH		SOLE		0	0	3,824
ONE GAS INC	COM	68235P108	291,200	4,570	SH		SOLE		0	0	4,570
ORACLE CORPORATION	COM	68389X105	11,290,393	107,089	SH		SOLE		67,784	0	39,305
OSHKOSH CORP	COM	688239201	6,315,099	58,252	SH		SOLE		58,252	0	0
PACKAGING CORP OF AMERICA	COM	695156109	6,787,645	41,665	SH		SOLE		28,010	0	13,655
PAN AMERICAN SILVER CORP	COM	697900108	3,622,664	221,841	SH		SOLE		221,841	0	0
PATTERSON COS INC	COM	703395103	407,319	14,317	SH		SOLE		3,837	0	10,480
PBF ENERGY INC-CLASS A	COM	69318G106	3,664,418	83,358	SH		SOLE		81,478	0	1,880
PEOPLES BANCORP INC	COM	709789101	4,619,212	136,825	SH		SOLE		48,285	0	88,540
PERMIAN RESOURCES CORP	COM	71424F105	319,886	23,521	SH		SOLE		0	0	23,521
PHILLIPS 66	COM	718546104	14,749,782	110,784	SH		SOLE		74,429	0	36,355
PHOTRONICS	COM	719405102	8,027,081	255,884	SH		SOLE		255,884	0	0
PREMIER FINANCIAL CORP	COM	74052F108	4,330,770	179,700	SH		SOLE		60,555	0	119,145
PRESTIGE CONSUMER HEALTH	COM	74112D101	457,130	7,467	SH		SOLE		1,642	0	5,825
PRIMIS FINANCIAL CORP	COM	74167B109	4,428,531	349,805	SH		SOLE		123,530	0	226,275
PRIMO WATER CORP	COM	74167P108	5,693,475	378,304	SH		SOLE		378,304	0	0
PRIMORIS SERVICES CORP	COM	74164F103	5,571,741	167,773	SH		SOLE		167,773	0	0
PRUDENTIAL FINANCIAL	COM	744320102	37,794,620	364,426	SH		SOLE		240,931	0	123,495
RANGER ENERGY SERVICES INC	COM	75282U104	2,617,141	255,830	SH		SOLE		90,580	0	165,250
REPLIGEN CORP	COM	759916109	204,073	1,135	SH		SOLE		0	0	1,135
RESIDEO TECHNOLOGIES INC	COM	76118Y104	3,993,491	212,194	SH		SOLE		212,194	0	0
ROCKWELL AUTOMATION	COM	773903109	327,246	1,054	SH		SOLE		0	0	1,054
RTX CORP	COM	75513E101	8,311,265	98,779	SH		SOLE		66,384	0	32,395
SANDY SPRING BANCORP COM	COM	800363103	6,557,812	240,742	SH		SOLE		240,742	0	0
SANMINA SCI CORP	COM	801056102	6,637,415	129,208	SH		SOLE		129,208	0	0
SAPIENS INTERNATIONAL CORP	COM	G7T16G103	3,387,253	117,044	SH		SOLE		117,044	0	0
SCIENCE APPLICATIONS INTL	COM	808625107	5,238,720	42,139	SH		SOLE		42,139	0	0
SCORPIO TANKERS INC	COM	Y7542C130	5,586,912	91,890	SH		SOLE		91,890	0	0
SELECT MEDICAL HOLDINGS	COM	81619Q105	7,160,215	304,690	SH		SOLE		292,240	0	12,450
SENECA FOODS CORP	COM	817070501	5,146,462	98,140	SH		SOLE		32,765	0	65,375
SENSATA TECHNOLOGIES HOLDING	COM	G8060N102	4,038,700	107,498	SH		SOLE		107,498	0	0
SHOE CARNIVAL	COM	824889109	4,367,913	144,585	SH		SOLE		49,095	0	95,490
SHYFT GROUP INC	COM	825698103	2,589,968	211,945	SH		SOLE		74,850	0	137,095
SIERRA BANCORP	COM	82620P102	3,051,804	135,335	SH		SOLE		47,770	0	87,565
SILVERBOW RESOURCES	COM	82836G102	3,478,259	119,610	SH		SOLE		42,175	0	77,435
SILVERCREST METALS	COM	828363101	4,972,858	759,215	SH		SOLE		254,470	0	504,745
SM ENERGY CO	COM	78454L100	216,058	5,580	SH		SOLE		0	0	5,580
SMART GLOBAL HOLDINGS	COM	G8232Y101	6,217,710	328,458	SH		SOLE		238,593	0	89,865
SMARTFINANCIAL INC	COM	83190L208	2,607,279	106,463	SH		SOLE		37,627	0	68,836
SNAP-ON INC	COM	833034101	19,251,764	66,652	SH		SOLE		44,782	0	21,870
SOLARWINDS CORP	COM	83417Q204	5,420,460	433,984	SH		SOLE		433,984	0	0
SONOCO PRODUCTS CO	COM	835495102	4,017,388	71,906	SH		SOLE		71,906	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	109,811	16,765	SH		SOLE		0	0	16,765
SPARTANNASH	COM	847215100	2,473,092	107,760	SH		SOLE		36,695	0	71,065
SPOK HOLDINGS	COM	84863T106	6,924,049	447,290	SH		SOLE		154,490	0	292,800
STAGWELL INC	COM	85256A109	5,430,076	819,016	SH		SOLE		819,016	0	0
STANDARD MOTOR PRODUCTS	COM	853666105	5,929,859	148,954	SH		SOLE		51,569	0	97,385
STARBUCKS CORP	COM	855244109	269,788	2,810	SH		SOLE		0	0	2,810
STERLING INFRASTRUCTURE INC	COM	859241101	650,682	7,400	SH		SOLE		1,410	0	5,990
SUBURBAN PROPANE L P UNIT LTD	COM	864482104	3,334,316	187,743	SH		SOLE		187,743	0	0
SYNCHRONY FINANCIAL	COM	87165B103	221,120	5,790	SH		SOLE		0	0	5,790
SYNOPSYS INC	COM	871607107	329,542	640	SH		SOLE		0	0	640
T-MOBILE US	COM	872590104	18,389,049	114,695	SH		SOLE		77,065	0	37,630
TETRA TECHNOLOGIES INC	COM	88162F105	2,636,719	583,345	SH		SOLE		206,025	0	377,320
TIMKEN CO	COM	887389104	6,998,938	87,323	SH		SOLE		87,323	0	0
TURNING POINT BRANDS	COM	90041L105	5,779,188	219,574	SH		SOLE		75,549	0	144,025
TUTOR PERINI CORP	COM	901109108	6,842,790	751,955	SH		SOLE		254,900	0	497,055
UFP INDUSTRIES INC	COM	90278Q108	4,341,645	34,581	SH		SOLE		33,081	0	1,500
ULTA BEAUTY INC	COM	90384S303	225,885	461	SH		SOLE		0	0	461
UNITED FIRE GROUP	COM	910340108	3,192,259	158,661	SH		SOLE		56,008	0	102,653
UNITED HEALTH GROUP	COM	91324P102	286,926	545	SH		SOLE		0	0	545
UNITED RENTALS INC	COM	911363109	25,954,136	45,262	SH		SOLE		30,002	0	15,260
UNITIL CORP	COM	913259107	6,284,218	119,540	SH		SOLE		39,715	0	79,825
UNIVERSAL HEALTH SERVICES B	COM	913903100	16,307,421	106,976	SH		SOLE		70,961	0	36,015
UNIVERSAL STAINLESS	COM	913837100	2,597,950	129,380	SH		SOLE		45,825	0	83,555
VAALCO ENERGY INC	COM	91851C201	3,938,650	877,205	SH		SOLE		309,925	0	567,280
VALLEY NATL BANCORP COM	COM	919794107	6,902,116	635,554	SH		SOLE		635,554	0	0
VERISK ANALYTICS A	COM	92345Y106	272,300	1,140	SH		SOLE		0	0	1,140
VERIZON COMM INC	COM	92343V104	19,270,619	511,157	SH		SOLE		337,842	0	173,315
VERMILION ENERGY	COM	923725105	4,667,365	387,012	SH		SOLE		378,727	0	8,285
VISHAY INTERTECHNOLOGY INC	COM	928298108	7,697,774	321,142	SH		SOLE		310,427	0	10,715
VISHAY PRECISION GROUP	COM	92835K103	4,280,555	125,640	SH		SOLE		44,375	0	81,265
WAFD INC	COM	938824109	4,034,700	122,412	SH		SOLE		122,412	0	0
WARRIOR MET COAL INC	COM	93627C101	5,725,815	93,912	SH		SOLE		93,912	0	0
WATERSTONE FINANCIAL INC	COM	94188P101	2,309,914	162,670	SH		SOLE		57,140	0	105,530
WESTERN UNION CO	COM	959802109	155,556	13,050	SH		SOLE		0	0	13,050
WILLIAMS COS INC	COM	969457100	9,128,908	262,099	SH		SOLE		176,124	0	85,975
XYLEM INC	COM	98419M100	278,238	2,433	SH		SOLE		0	0	2,433
GLAXOSMITHKLINE PLC-SPON ADR	ADR	37733W204	8,249,148	222,589	SH		SOLE		149,554	0	73,035
SANOFI ADR	ADR	80105N105	13,529,544	272,060	SH		SOLE		182,815	0	89,245
SHELL PLC	ADR	780259305	25,115,136	381,689	SH		SOLE		253,284	0	128,405