| 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 |
| Alcoa Corp. | COM | 013872106 | 11,611 | 578,513 | SH | | SOLE | 0 | 491,445 | 0 | 87,068 |
| American Airlines Group, Inc. | COM | 02376R102 | 72,020 | 2,670,384 | SH | | SOLE | 0 | 2,266,021 | 0 | 404,363 |
| Advance Auto Parts, Inc. | COM | 00751Y106 | 5,893 | 35,629 | SH | | SOLE | 0 | 30,106 | 0 | 5,523 |
| Adient plc | COM | G0084W101 | 13,746 | 598,714 | SH | | SOLE | 0 | 507,892 | 0 | 90,822 |
| Alliance Data Systems Corporation | COM | 018581108 | 5,487 | 42,824 | SH | | SOLE | 0 | 36,375 | 0 | 6,449 |
| American International Group, Inc. | COM | 026874784 | 78,263 | 1,405,088 | SH | | SOLE | 0 | 1,192,561 | 0 | 212,527 |
| American International Group, Inc. Warrants 2011-1 | CONV BONDS | 026874156 | 53,796 | 3,772,279 | PRN | | SOLE | 0 | 3,198,151 | 0 | 574,128 |
| America Movil SAB de CV Sponsored ADR Class L | COM | 02364W105 | 5,068 | 341,025 | SH | | SOLE | 0 | 289,484 | 0 | 51,541 |
| Amazon.com, Inc. | COM | 023135106 | 224,186 | 129,146 | SH | | SOLE | 0 | 109,579 | 0 | 19,567 |
| Anthem, Inc. | COM | 036752103 | 25,683 | 106,970 | SH | | SOLE | 0 | 90,637 | 0 | 16,333 |
| Apache Corporation | COM | 037411105 | 2,342 | 91,484 | SH | | SOLE | 0 | 77,626 | 0 | 13,858 |
| Altice USA, Inc. Class A | COM | 02156K103 | 13,077 | 455,965 | SH | | SOLE | 0 | 386,789 | 0 | 69,176 |
| Activision Blizzard, Inc. | COM | 00507V109 | 21,456 | 405,450 | SH | | SOLE | 0 | 343,828 | 0 | 61,622 |
| Broadcom Inc. | COM | 11135F101 | 10,269 | 37,196 | SH | | SOLE | 0 | 31,531 | 0 | 5,665 |
| American Express Company | COM | 025816109 | 72,096 | 609,537 | SH | | SOLE | 0 | 517,257 | 0 | 92,280 |
| Alibaba Group Holding Ltd. Sponsored ADR | COM | 01609W102 | 25,445 | 152,156 | SH | | SOLE | 0 | 129,112 | 0 | 23,044 |
| Bank of America Corp | COM | 060505104 | 210,707 | 7,223,425 | SH | | SOLE | 0 | 6,128,484 | 0 | 1,094,941 |
| Sotheby s | COM | 835898107 | 13,690 | 240,263 | SH | | SOLE | 0 | 204,091 | 0 | 36,172 |
| Baidu, Inc. Sponsored ADR Class A | COM | 056752108 | 8,337 | 81,132 | SH | | SOLE | 0 | 68,711 | 0 | 12,421 |
| Bio-Rad Laboratories, Inc. Class A | COM | 090572207 | 31,568 | 94,874 | SH | | SOLE | 0 | 80,160 | 0 | 14,714 |
| Booking Holdings Inc. | COM | 09857L108 | 87,762 | 44,717 | SH | | SOLE | 0 | 37,944 | 0 | 6,773 |
| TopBuild Corp. | COM | 89055F103 | 4,224 | 43,805 | SH | | SOLE | 0 | 37,169 | 0 | 6,636 |
| Bristol-Myers Squibb Company | COM | 110122108 | 9,788 | 193,018 | SH | | SOLE | 0 | 164,196 | 0 | 28,822 |
| Berkshire Hathaway Inc. Class B | COM | 084670702 | 76,328 | 366,927 | SH | | SOLE | 0 | 311,186 | 0 | 55,741 |
| Peabody Energy Corporation | COM | 704551100 | 22,725 | 1,543,806 | SH | | SOLE | 0 | 1,310,049 | 0 | 233,757 |
| Citigroup Inc. | COM | 172967424 | 146,434 | 2,119,773 | SH | | SOLE | 0 | 1,796,963 | 0 | 322,810 |
| Avis Budget Group, Inc. | COM | 053774105 | 5,085 | 179,943 | SH | | SOLE | 0 | 152,925 | 0 | 27,018 |
| CBRE Group, Inc. Class A | COM | 12504L109 | 107,789 | 2,033,368 | SH | | SOLE | 0 | 1,727,110 | 0 | 306,258 |
| Citizens Financial Group, Inc. | COM | 174610105 | 34,793 | 983,683 | SH | | SOLE | 0 | 834,227 | 0 | 149,456 |
| Charter Communications, Inc. Class A | COM | 16119P108 | 11,580 | 28,099 | SH | | SOLE | 0 | 23,886 | 0 | 4,213 |
| CoreLogic, Inc. | COM | 21871D103 | 17,746 | 383,537 | SH | | SOLE | 0 | 325,139 | 0 | 58,398 |
| CME Group Inc. Class A | COM | 12572Q105 | 2,188 | 10,352 | SH | | SOLE | 0 | 8,919 | 0 | 1,433 |
| Capital One Financial Corporation | COM | 14040H105 | 46,123 | 506,958 | SH | | SOLE | 0 | 429,827 | 0 | 77,131 |
| ConocoPhillips | COM | 20825C104 | 5,384 | 94,493 | SH | | SOLE | 0 | 80,098 | 0 | 14,395 |
| Costco Wholesale Corporation | COM | 22160K105 | 143,303 | 497,389 | SH | | SOLE | 0 | 421,965 | 0 | 75,424 |
| Coty Inc. Class A | COM | 222070203 | 1,885 | 179,326 | SH | | SOLE | 0 | 152,814 | 0 | 26,512 |
| CenturyLink, Inc. | COM | 156700106 | 10,968 | 878,846 | SH | | SOLE | 0 | 745,197 | 0 | 133,649 |
| Ctrip.com International Ltd Sponsored ADR | COM | 22943F100 | 3,495 | 119,320 | SH | | SOLE | 0 | 100,667 | 0 | 18,653 |
| Cognizant Technology Solutions Corporation Class A | COM | 192446102 | 18,145 | 301,090 | SH | | SOLE | 0 | 255,302 | 0 | 45,788 |
| Corteva Inc | COM | 22052L104 | 2,780 | 99,300 | SH | | SOLE | 0 | 84,214 | 0 | 15,086 |
| Cemex SAB de CV Sponsored ADR | COM | 151290889 | 31,523 | 8,041,535 | SH | | SOLE | 0 | 6,818,848 | 0 | 1,222,687 |
| Delta Air Lines, Inc. | COM | 247361702 | 102,270 | 1,775,516 | SH | | SOLE | 0 | 1,506,428 | 0 | 269,088 |
| DuPont de Nemours, Inc. | COM | 26614N102 | 7,078 | 99,252 | SH | | SOLE | 0 | 84,166 | 0 | 15,086 |
| DHT Holdings, Inc. | COM | Y2065G121 | 19,587 | 3,184,872 | SH | | SOLE | 0 | 2,705,924 | 0 | 478,948 |
| Walt Disney Company | COM | 254687106 | 23,333 | 179,042 | SH | | SOLE | 0 | 152,008 | 0 | 27,034 |
| Discovery, Inc. Class A | COM | 25470F104 | 7,900 | 296,647 | SH | | SOLE | 0 | 251,866 | 0 | 44,781 |
| NOW Inc. | COM | 67011P100 | 6,264 | 546,115 | SH | | SOLE | 0 | 463,806 | 0 | 82,309 |
| Dow, Inc. | COM | 260557103 | 4,760 | 99,897 | SH | | SOLE | 0 | 84,811 | 0 | 15,086 |
| Diana Shipping Inc. | COM | Y2066G104 | 16,889 | 4,996,606 | SH | | SOLE | 0 | 4,238,620 | 0 | 757,986 |
| DXC Technology Co. | COM | 23355L106 | 6,464 | 219,126 | SH | | SOLE | 0 | 185,704 | 0 | 33,422 |
| eBay Inc. | COM | 278642103 | 12,421 | 318,649 | SH | | SOLE | 0 | 270,628 | 0 | 48,021 |
| EPAM Systems, Inc. | COM | 29414B104 | 38,459 | 210,941 | SH | | SOLE | 0 | 178,915 | 0 | 32,026 |
| Eldorado Resorts Inc | COM | 28470R102 | 6,860 | 172,060 | SH | | SOLE | 0 | 145,948 | 0 | 26,112 |
| Expedia Group, Inc. | COM | 30212P303 | 510 | 3,797 | SH | | SOLE | 0 | 3,204 | 0 | 593 |
| Ford Motor Company | COM | 345370860 | 17,370 | 1,896,269 | SH | | SOLE | 0 | 1,607,826 | 0 | 288,443 |
| FirstCash, Inc. | COM | 33767D105 | 16,906 | 184,420 | SH | | SOLE | 0 | 156,315 | 0 | 28,105 |
| Freeport-McMoRan, Inc. | COM | 35671D857 | 13,505 | 1,411,233 | SH | | SOLE | 0 | 1,196,072 | 0 | 215,161 |
| Fluor Corporation | COM | 343412102 | 1,109 | 57,968 | SH | | SOLE | 0 | 49,233 | 0 | 8,735 |
| Federal National Mortgage Association | COM | 313586109 | 1,942 | 511,053 | SH | | SOLE | 0 | 435,734 | 0 | 75,319 |
| Liberty Media Corporation Series A Liberty Formula | COM | 531229870 | 1,736 | 43,840 | SH | | SOLE | 0 | 36,888 | 0 | 6,952 |
| Liberty Media Corporation Series C Liberty Formula | COM | 531229854 | 2,319 | 55,765 | SH | | SOLE | 0 | 47,509 | 0 | 8,256 |
| Graco Inc. | COM | 384109104 | 12,805 | 278,117 | SH | | SOLE | 0 | 236,014 | 0 | 42,103 |
| GCI Liberty, Inc. Class A | COM | 36164V305 | 4,024 | 64,829 | SH | | SOLE | 0 | 54,934 | 0 | 9,895 |
| Golar LNG Limited | COM | G9456A100 | 4,000 | 307,895 | SH | | SOLE | 0 | 260,663 | 0 | 47,232 |
| Corning Inc | COM | 219350105 | 4,999 | 175,287 | SH | | SOLE | 0 | 148,650 | 0 | 26,637 |
| Alphabet Inc. Class C | COM | 02079K107 | 128,135 | 105,115 | SH | | SOLE | 0 | 89,093 | 0 | 16,022 |
| Alphabet Inc. Class A | COM | 02079K305 | 13,396 | 10,970 | SH | | SOLE | 0 | 9,232 | 0 | 1,738 |
| Garmin Ltd. | COM | H2906T109 | 19,877 | 234,701 | SH | | SOLE | 0 | 199,583 | 0 | 35,118 |
| Ferroglobe PLC | COM | G33856108 | 799 | 706,689 | SH | | SOLE | 0 | 600,136 | 0 | 106,553 |
| Halliburton Company | COM | 406216101 | 1,349 | 71,548 | SH | | SOLE | 0 | 60,498 | 0 | 11,050 |
| Huntington Bancshares Incorporated | COM | 446150104 | 4,754 | 333,163 | SH | | SOLE | 0 | 282,657 | 0 | 50,506 |
| Hanesbrands Inc. | COM | 410345102 | 14,330 | 935,410 | SH | | SOLE | 0 | 793,815 | 0 | 141,595 |
| Warrior Met Coal, Inc. | COM | 93627C101 | 8,672 | 444,276 | SH | | SOLE | 0 | 377,008 | 0 | 67,268 |
| Hackett Group, Inc. | COM | 404609109 | 18,737 | 1,138,362 | SH | | SOLE | 0 | 963,657 | 0 | 174,705 |
| Hewlett Packard Enterprise Co. | COM | 42824C109 | 4,955 | 326,632 | SH | | SOLE | 0 | 276,477 | 0 | 50,155 |
| HP Inc. | COM | 40434L105 | 6,129 | 323,953 | SH | | SOLE | 0 | 276,176 | 0 | 47,777 |
| Hertz Global Holdings, Inc. | COM | 42806J106 | 1,278 | 92,351 | SH | | SOLE | 0 | 79,615 | 0 | 12,736 |
| IHEARTMEDIA INC PRIVATE | COM | 451ESC032 | 0 | 342,478 | SH | | SOLE | 0 | 327,826 | 0 | 14,652 |
| iShares MSCI India ETF | COM | 46429B598 | 15,616 | 465,184 | SH | | SOLE | 0 | 465,184 | 0 | 0 |
| International Seaways, Inc. | COM | Y41053102 | 7,359 | 382,091 | SH | | SOLE | 0 | 323,962 | 0 | 58,129 |
| Intel Corporation | COM | 458140100 | 15,780 | 306,236 | SH | | SOLE | 0 | 260,249 | 0 | 45,987 |
| Gartner, Inc. | COM | 366651107 | 24,484 | 171,226 | SH | | SOLE | 0 | 145,487 | 0 | 25,739 |
| JD.com, Inc. Sponsored ADR Class A | COM | 47215P106 | 42,110 | 1,492,741 | SH | | SOLE | 0 | 1,263,397 | 0 | 229,344 |
| Jefferies Financial Group Inc. | COM | 47233W109 | 17,470 | 949,438 | SH | | SOLE | 0 | 805,342 | 0 | 144,096 |
| JPMorgan Chase & Co. | COM | 46625H100 | 44,760 | 380,322 | SH | | SOLE | 0 | 322,086 | 0 | 58,236 |
| KKR & Co. Inc. Class A | COM | 48251W104 | 19,870 | 740,049 | SH | | SOLE | 0 | 627,849 | 0 | 112,200 |
| KLA Corporation | COM | 482480100 | 20,711 | 129,889 | SH | | SOLE | 0 | 110,218 | 0 | 19,671 |
| Kroger Co. | COM | 501044101 | 34,152 | 1,324,760 | SH | | SOLE | 0 | 1,123,426 | 0 | 201,334 |
| Kansas City Southern | COM | 485170302 | 17,455 | 131,229 | SH | | SOLE | 0 | 111,137 | 0 | 20,092 |
| KT Corporation Sponsored ADR | COM | 48268K101 | 336 | 29,671 | SH | | SOLE | 0 | 29,671 | 0 | 0 |
| Loews Corporation | COM | 540424108 | 9,317 | 180,984 | SH | | SOLE | 0 | 153,786 | 0 | 27,198 |
| Lazard Ltd Class A | COM | G54050102 | 30,333 | 866,654 | SH | | SOLE | 0 | 735,661 | 0 | 130,993 |
| Liberty Broadband Corp. Class A | COM | 530307107 | 504 | 4,824 | SH | | SOLE | 0 | 4,099 | 0 | 725 |
| Liberty Broadband Corp. Class C | COM | 530307305 | 7,878 | 75,267 | SH | | SOLE | 0 | 63,403 | 0 | 11,864 |
| Liberty Global Plc Class A | COM | G5480U104 | 26,713 | 1,079,301 | SH | | SOLE | 0 | 913,548 | 0 | 165,753 |
| Liberty Global Plc Class C | COM | G5480U120 | 27,088 | 1,138,611 | SH | | SOLE | 0 | 964,416 | 0 | 174,195 |
| Lear Corporation | COM | 521865204 | 6,379 | 54,109 | SH | | SOLE | 0 | 45,909 | 0 | 8,200 |
| Lions Gate Entertainment Corp Class B | COM | 535919500 | 209 | 23,954 | SH | | SOLE | 0 | 20,396 | 0 | 3,558 |
| Liberty Latin America Ltd. Class A | COM | G9001E102 | 4,527 | 265,228 | SH | | SOLE | 0 | 222,895 | 0 | 42,333 |
| Liberty Latin America Ltd. Class C | COM | G9001E128 | 6,241 | 365,101 | SH | | SOLE | 0 | 307,634 | 0 | 57,467 |
| LivaNova Plc | COM | G5509L101 | 21,874 | 296,436 | SH | | SOLE | 0 | 251,093 | 0 | 45,343 |
| Lowe s Companies, Inc. | COM | 548661107 | 6,753 | 61,415 | SH | | SOLE | 0 | 51,930 | 0 | 9,485 |
| Louisiana-Pacific Corporation | COM | 546347105 | 6,199 | 252,213 | SH | | SOLE | 0 | 213,405 | 0 | 38,808 |
| Lam Research Corporation | COM | 512807108 | 4,597 | 19,890 | SH | | SOLE | 0 | 16,839 | 0 | 3,051 |
| Liberty Media Corp. Series A Liberty SiriusXM | COM | 531229409 | 10,551 | 253,809 | SH | | SOLE | 0 | 214,356 | 0 | 39,453 |
| Liberty Media Corp. Series C Liberty SiriusXM | COM | 531229607 | 13,698 | 326,448 | SH | | SOLE | 0 | 276,876 | 0 | 49,572 |
| Liberty TripAdvisor Holdings Inc Class A | COM | 531465102 | 134 | 14,204 | SH | | SOLE | 0 | 12,157 | 0 | 2,047 |
| LyondellBasell Industries NV | COM | N53745100 | 7,126 | 79,645 | SH | | SOLE | 0 | 67,742 | 0 | 11,903 |
| Masco Corporation | COM | 574599106 | 12,687 | 304,389 | SH | | SOLE | 0 | 258,147 | 0 | 46,242 |
| MBIA Inc. | COM | 55262C100 | 32,841 | 3,558,074 | SH | | SOLE | 0 | 3,013,838 | 0 | 544,236 |
| McKesson Corporation | COM | 58155Q103 | 6,707 | 49,077 | SH | | SOLE | 0 | 41,577 | 0 | 7,500 |
| Micro Focus International plc Sponsored ADR | COM | 594837403 | 5,090 | 359,718 | SH | | SOLE | 0 | 305,524 | 0 | 54,194 |
| MGM Resorts International | COM | 552953101 | 52,773 | 1,903,772 | SH | | SOLE | 0 | 1,614,210 | 0 | 289,562 |
| Mohawk Industries, Inc. | COM | 608190104 | 13,235 | 106,674 | SH | | SOLE | 0 | 90,633 | 0 | 16,041 |
| Markel Corporation | COM | 570535104 | 21,572 | 18,252 | SH | | SOLE | 0 | 15,449 | 0 | 2,803 |
| Altria Group Inc | COM | 02209S103 | 8,216 | 200,889 | SH | | SOLE | 0 | 150,088 | 0 | 50,801 |
| Marathon Petroleum Corporation | COM | 56585A102 | 17,949 | 295,451 | SH | | SOLE | 0 | 251,760 | 0 | 43,691 |
| Morgan Stanley | COM | 617446448 | 15,453 | 362,152 | SH | | SOLE | 0 | 306,990 | 0 | 55,162 |
| Microsoft Corporation | COM | 594918104 | 47,202 | 339,507 | SH | | SOLE | 0 | 287,887 | 0 | 51,620 |
| Micron Technology, Inc. | COM | 595112103 | 49,491 | 1,154,975 | SH | | SOLE | 0 | 978,777 | 0 | 176,198 |
| Ingevity Corporation | COM | 45688C107 | 1,879 | 22,145 | SH | | SOLE | 0 | 18,721 | 0 | 3,424 |
| Noah Holdings Ltd. Sponsored ADR Class A | COM | 65487X102 | 5,169 | 177,029 | SH | | SOLE | 0 | 150,657 | 0 | 26,372 |
| NetEase, Inc. Sponsored ADR | COM | 64110W102 | 29,236 | 109,834 | SH | | SOLE | 0 | 93,138 | 0 | 16,696 |
| NVIDIA Corporation | COM | 67066G104 | 7,351 | 42,231 | SH | | SOLE | 0 | 35,832 | 0 | 6,399 |
| Petroleo Brasileiro SA Sponsored ADR | COM | 71654V408 | 23,408 | 1,617,703 | SH | | SOLE | 0 | 1,372,512 | 0 | 245,191 |
| Philip Morris International Inc. | COM | 718172109 | 17,132 | 225,623 | SH | | SOLE | 0 | 168,665 | 0 | 56,958 |
| PNC Financial Services Group, Inc. | COM | 693475105 | 24,577 | 175,347 | SH | | SOLE | 0 | 148,590 | 0 | 26,757 |
| Perspecta, Inc. | COM | 715347100 | 2,817 | 107,835 | SH | | SOLE | 0 | 91,237 | 0 | 16,598 |
| PayPal Holdings Inc | COM | 70450Y103 | 108,542 | 1,047,808 | SH | | SOLE | 0 | 889,568 | 0 | 158,240 |
| Qurate Retail, Inc. Class A | COM | 74915M100 | 6,810 | 660,178 | SH | | SOLE | 0 | 559,700 | 0 | 100,478 |
| Raytheon Company | COM | 755111507 | 13,552 | 69,078 | SH | | SOLE | 0 | 58,470 | 0 | 10,608 |
| Ryanair Holdings Plc Sponsored ADR | COM | 783513203 | 37,047 | 558,104 | SH | | SOLE | 0 | 440,552 | 0 | 117,552 |
| Scorpio Bulkers, Inc. | COM | Y7546A122 | 6,372 | 1,048,034 | SH | | SOLE | 0 | 887,992 | 0 | 160,042 |
| Spirit Airlines, Inc. | COM | 848577102 | 6,348 | 174,871 | SH | | SOLE | 0 | 147,758 | 0 | 27,113 |
| Southern Copper Corporation | COM | 84265V105 | 9,968 | 292,059 | SH | | SOLE | 0 | 247,474 | 0 | 44,585 |
| Sherwin-Williams Company | COM | 824348106 | 41,267 | 75,048 | SH | | SOLE | 0 | 63,716 | 0 | 11,332 |
| SL Green Realty Corp. | COM | 78440X101 | 16,810 | 205,623 | SH | | SOLE | 0 | 174,553 | 0 | 31,070 |
| Scotts Miracle-Gro Company Class A | COM | 810186106 | 10,530 | 103,421 | SH | | SOLE | 0 | 87,827 | 0 | 15,594 |
| SPECTRUM BRANDS HOLDINGS INC | COM | 84790A105 | 1,276 | 24,198 | SH | | SOLE | 0 | 20,589 | 0 | 3,609 |
| Steel Dynamics, Inc. | COM | 858119100 | 4,156 | 139,477 | SH | | SOLE | 0 | 118,306 | 0 | 21,171 |
| Scorpio Tankers Inc. | COM | Y7542C130 | 33,709 | 1,132,696 | SH | | SOLE | 0 | 960,113 | 0 | 172,583 |
| Seagate Technology PLC | COM | G7945M107 | 20,657 | 384,032 | SH | | SOLE | 0 | 325,670 | 0 | 58,362 |
| Synchrony Financial | COM | 87165B103 | 43,559 | 1,277,771 | SH | | SOLE | 0 | 1,082,310 | 0 | 195,461 |
| Thor Industries, Inc. | COM | 885160101 | 4,457 | 78,690 | SH | | SOLE | 0 | 66,732 | 0 | 11,958 |
| Tribune Publishing Co. | COM | 89609W107 | 355 | 41,324 | SH | | SOLE | 0 | 35,412 | 0 | 5,912 |
| Tractor Supply Company | COM | 892356106 | 41,270 | 456,329 | SH | | SOLE | 0 | 387,243 | 0 | 69,086 |
| Taiwan Semiconductor Manufacturing Co., Ltd. Spons | COM | 874039100 | 76,317 | 1,641,931 | SH | | SOLE | 0 | 1,391,434 | 0 | 250,497 |
| Texas Instruments Incorporated | COM | 882508104 | 6,804 | 52,647 | SH | | SOLE | 0 | 44,706 | 0 | 7,941 |
| United Airlines Holdings, Inc. | COM | 910047109 | 28,165 | 318,571 | SH | | SOLE | 0 | 270,455 | 0 | 48,116 |
| Net 1 UEPS Technologies, Inc. | COM | 64107N206 | 1,927 | 539,785 | SH | | SOLE | 0 | 457,770 | 0 | 82,015 |
| Union Pacific Corporation | COM | 907818108 | 29,902 | 184,605 | SH | | SOLE | 0 | 156,733 | 0 | 27,872 |
| Marriott Vacations Worldwide Corporation | COM | 57164Y107 | 3,964 | 38,260 | SH | | SOLE | 0 | 32,458 | 0 | 5,802 |
| Valaris PLC Class A | COM | G3157S106 | 3,848 | 800,060 | SH | | SOLE | 0 | 678,852 | 0 | 121,208 |
| Veeco Instruments Inc. | COM | 922417100 | 4,882 | 417,957 | SH | | SOLE | 0 | 353,801 | 0 | 64,156 |
| VICI Properties Inc | COM | 925652109 | 4,208 | 185,779 | SH | | SOLE | 0 | 157,417 | 0 | 28,362 |
| Vipshop Holdings Ltd Sponsored ADR | COM | 92763W103 | 12,925 | 1,448,980 | SH | | SOLE | 0 | 1,228,095 | 0 | 220,885 |
| Venator Materials PLC | COM | G9329Z100 | 1,638 | 671,110 | SH | | SOLE | 0 | 569,205 | 0 | 101,905 |
| Vista Outdoor Inc | COM | 928377100 | 3,242 | 523,724 | SH | | SOLE | 0 | 443,503 | 0 | 80,221 |
| AquaVenture Holdings Limited | COM | G0443N107 | 6,867 | 353,421 | SH | | SOLE | 0 | 299,758 | 0 | 53,663 |
| Western Digital Corporation | COM | 958102105 | 7,424 | 124,484 | SH | | SOLE | 0 | 105,475 | 0 | 19,009 |
| Wells Fargo & Company | COM | 949746101 | 64,536 | 1,279,470 | SH | | SOLE | 0 | 1,084,707 | 0 | 194,763 |
| Whirlpool Corporation | COM | 963320106 | 3,764 | 23,771 | SH | | SOLE | 0 | 20,143 | 0 | 3,628 |
| Willis Towers Watson Public Limited Company | COM | G96629103 | 32,168 | 166,699 | SH | | SOLE | 0 | 141,364 | 0 | 25,335 |
| Walmart Inc. | COM | 931142103 | 32,443 | 273,369 | SH | | SOLE | 0 | 231,623 | 0 | 41,746 |
| WestRock Company | COM | 96145D105 | 4,682 | 128,448 | SH | | SOLE | 0 | 109,663 | 0 | 18,785 |
| 58.com Inc. Sponsored ADR Class A | COM | 31680Q104 | 9,019 | 182,896 | SH | | SOLE | 0 | 155,188 | 0 | 27,708 |
| Yandex NV Class A | COM | N97284108 | 17,268 | 493,236 | SH | | SOLE | 0 | 418,198 | 0 | 75,038 |
