| 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 | 11,984 | 557,123 | SH | | SOLE | 0 | 478,345 | 0 | 78,778 |
| American Airlines Group, Inc. | COM | 02376R102 | 83,698 | 2,918,327 | SH | | SOLE | 0 | 2,503,484 | 0 | 414,843 |
| Advance Auto Parts, Inc. | COM | 00751Y106 | 5,492 | 34,288 | SH | | SOLE | 0 | 29,297 | 0 | 4,991 |
| Adient plc | COM | G0084W101 | 12,252 | 576,573 | SH | | SOLE | 0 | 494,243 | 0 | 82,330 |
| Alliance Data Systems Corporation | COM | 018581108 | 4,628 | 41,244 | SH | | SOLE | 0 | 35,403 | 0 | 5,841 |
| American International Group, Inc. | COM | 026874784 | 69,452 | 1,353,040 | SH | | SOLE | 0 | 1,160,689 | 0 | 192,351 |
| American International Group, Inc. Warrants 2011-1 | CONV BONDS | 026874156 | 37,379 | 3,636,058 | PRN | | SOLE | 0 | 3,116,383 | 0 | 519,675 |
| America Movil SAB de CV Sponsored ADR Class L | COM | 02364W105 | 5,256 | 328,518 | SH | | SOLE | 0 | 281,709 | 0 | 46,809 |
| Amazon.com, Inc. | COM | 023135106 | 227,124 | 122,913 | SH | | SOLE | 0 | 105,424 | 0 | 17,489 |
| Anthem, Inc. | COM | 036752103 | 31,104 | 102,982 | SH | | SOLE | 0 | 88,212 | 0 | 14,770 |
| Apache Corporation | COM | 037411105 | 4,947 | 193,310 | SH | | SOLE | 0 | 165,763 | 0 | 27,547 |
| Altice USA, Inc. Class A | COM | 02156K103 | 19,124 | 699,499 | SH | | SOLE | 0 | 600,374 | 0 | 99,125 |
| Activision Blizzard, Inc. | COM | 00507V109 | 23,199 | 390,428 | SH | | SOLE | 0 | 334,676 | 0 | 55,752 |
| Broadcom Inc. | COM | 11135F101 | 11,312 | 35,796 | SH | | SOLE | 0 | 30,683 | 0 | 5,113 |
| American Express Company | COM | 025816109 | 76,223 | 612,279 | SH | | SOLE | 0 | 525,074 | 0 | 87,205 |
| Alibaba Group Holding Ltd. Sponsored ADR | COM | 01609W102 | 39,609 | 186,748 | SH | | SOLE | 0 | 160,194 | 0 | 26,554 |
| Bank of America Corp | COM | 060505104 | 244,984 | 6,955,807 | SH | | SOLE | 0 | 5,965,179 | 0 | 990,628 |
| Baidu, Inc. Sponsored ADR Class A | COM | 056752108 | 9,871 | 78,094 | SH | | SOLE | 0 | 66,866 | 0 | 11,228 |
| Bio-Rad Laboratories, Inc. Class A | COM | 090572207 | 33,747 | 91,201 | SH | | SOLE | 0 | 78,032 | 0 | 13,169 |
| Booking Holdings Inc. | COM | 09857L108 | 88,454 | 43,070 | SH | | SOLE | 0 | 36,926 | 0 | 6,144 |
| TopBuild Corp. | COM | 89055F103 | 4,340 | 42,106 | SH | | SOLE | 0 | 36,173 | 0 | 5,933 |
| Bristol-Myers Squibb Company | COM | 110122108 | 11,968 | 186,451 | SH | | SOLE | 0 | 159,824 | 0 | 26,627 |
| Berkshire Hathaway Inc. Class B | COM | 084670702 | 80,037 | 353,365 | SH | | SOLE | 0 | 302,890 | 0 | 50,475 |
| Peabody Energy Corporation | COM | 704551100 | 18,977 | 2,080,839 | SH | | SOLE | 0 | 1,784,471 | 0 | 296,368 |
| Citigroup Inc. | COM | 172967424 | 163,093 | 2,041,469 | SH | | SOLE | 0 | 1,748,880 | 0 | 292,589 |
| Avis Budget Group, Inc. | COM | 053774105 | 5,596 | 173,567 | SH | | SOLE | 0 | 148,900 | 0 | 24,667 |
| CBRE Group, Inc. Class A | COM | 12504L109 | 120,031 | 1,958,403 | SH | | SOLE | 0 | 1,681,075 | 0 | 277,328 |
| Citizens Financial Group, Inc. | COM | 174610105 | 38,487 | 947,714 | SH | | SOLE | 0 | 812,283 | 0 | 135,431 |
| Charter Communications, Inc. Class A | COM | 16119P108 | 13,133 | 27,073 | SH | | SOLE | 0 | 23,252 | 0 | 3,821 |
| CoreLogic, Inc. | COM | 21871D103 | 16,154 | 369,563 | SH | | SOLE | 0 | 316,613 | 0 | 52,950 |
| CME Group Inc. Class A | COM | 12572Q105 | 1,999 | 9,957 | SH | | SOLE | 0 | 8,671 | 0 | 1,286 |
| Capital One Financial Corporation | COM | 14040H105 | 50,245 | 488,239 | SH | | SOLE | 0 | 418,438 | 0 | 69,801 |
| ConocoPhillips | COM | 20825C104 | 5,917 | 90,986 | SH | | SOLE | 0 | 77,959 | 0 | 13,027 |
| Costco Wholesale Corporation | COM | 22160K105 | 140,828 | 479,136 | SH | | SOLE | 0 | 410,690 | 0 | 68,446 |
| Coty Inc. Class A | COM | 222070203 | 1,954 | 173,699 | SH | | SOLE | 0 | 149,635 | 0 | 24,064 |
| CenturyLink, Inc. | COM | 156700106 | 11,181 | 846,423 | SH | | SOLE | 0 | 725,367 | 0 | 121,056 |
| Cognizant Technology Solutions Corporation Class A | COM | 192446102 | 17,985 | 289,994 | SH | | SOLE | 0 | 248,582 | 0 | 41,412 |
| Corteva Inc | COM | 22052L104 | 2,827 | 95,647 | SH | | SOLE | 0 | 81,985 | 0 | 13,662 |
| Cemex SAB de CV Sponsored ADR | COM | 151290889 | 29,274 | 7,744,567 | SH | | SOLE | 0 | 6,636,961 | 0 | 1,107,606 |
| Delta Air Lines, Inc. | COM | 247361702 | 99,986 | 1,709,750 | SH | | SOLE | 0 | 1,466,196 | 0 | 243,554 |
| DuPont de Nemours, Inc. | COM | 26614N102 | 6,138 | 95,603 | SH | | SOLE | 0 | 81,941 | 0 | 13,662 |
| DHT Holdings, Inc. | COM | Y2065G121 | 25,389 | 3,066,249 | SH | | SOLE | 0 | 2,632,798 | 0 | 433,451 |
| Walt Disney Company | COM | 254687106 | 24,938 | 172,425 | SH | | SOLE | 0 | 147,957 | 0 | 24,468 |
| Discovery, Inc. Class A | COM | 25470F104 | 9,353 | 285,662 | SH | | SOLE | 0 | 245,166 | 0 | 40,496 |
| NOW Inc. | COM | 67011P100 | 5,921 | 526,820 | SH | | SOLE | 0 | 452,247 | 0 | 74,573 |
| Dow, Inc. | COM | 260557103 | 5,265 | 96,198 | SH | | SOLE | 0 | 82,536 | 0 | 13,662 |
| Diana Shipping Inc. | COM | Y2066G104 | 17,056 | 5,484,364 | SH | | SOLE | 0 | 4,706,616 | 0 | 777,748 |
| DXC Technology Co. | COM | 23355L106 | 18,299 | 486,817 | SH | | SOLE | 0 | 418,038 | 0 | 68,779 |
| eBay Inc. | COM | 278642103 | 11,091 | 307,153 | SH | | SOLE | 0 | 263,499 | 0 | 43,654 |
| EPAM Systems, Inc. | COM | 29414B104 | 31,648 | 149,169 | SH | | SOLE | 0 | 127,958 | 0 | 21,211 |
| Eldorado Resorts Inc | COM | 28470R102 | 9,880 | 165,661 | SH | | SOLE | 0 | 142,040 | 0 | 23,621 |
| Expedia Group, Inc. | COM | 30212P303 | 403 | 3,728 | SH | | SOLE | 0 | 3,204 | 0 | 524 |
| Ford Motor Company | COM | 345370860 | 16,997 | 1,827,628 | SH | | SOLE | 0 | 1,565,850 | 0 | 261,778 |
| FirstCash, Inc. | COM | 33767D105 | 14,313 | 177,513 | SH | | SOLE | 0 | 152,162 | 0 | 25,351 |
| Freeport-McMoRan, Inc. | COM | 35671D857 | 17,829 | 1,358,915 | SH | | SOLE | 0 | 1,164,173 | 0 | 194,742 |
| Fluor Corporation | COM | 343412102 | 1,061 | 56,182 | SH | | SOLE | 0 | 48,315 | 0 | 7,867 |
| Federal National Mortgage Association | COM | 313586109 | 1,549 | 496,364 | SH | | SOLE | 0 | 427,732 | 0 | 68,632 |
| Liberty Media Corporation Series A Liberty Formula | COM | 531229870 | 1,863 | 42,546 | SH | | SOLE | 0 | 36,355 | 0 | 6,191 |
| Liberty Media Corporation Series C Liberty Formula | COM | 531229854 | 2,487 | 54,117 | SH | | SOLE | 0 | 46,712 | 0 | 7,405 |
| Graco Inc. | COM | 384109104 | 13,932 | 267,931 | SH | | SOLE | 0 | 229,694 | 0 | 38,237 |
| GCI Liberty, Inc. Class A | COM | 36164V305 | 4,435 | 62,601 | SH | | SOLE | 0 | 53,708 | 0 | 8,893 |
| Golar LNG Limited | COM | G9456A100 | 4,216 | 296,518 | SH | | SOLE | 0 | 253,687 | 0 | 42,831 |
| Corning Inc | COM | 219350105 | 4,925 | 169,184 | SH | | SOLE | 0 | 144,706 | 0 | 24,478 |
| Alphabet Inc. Class C | COM | 02079K107 | 135,316 | 101,207 | SH | | SOLE | 0 | 86,698 | 0 | 14,509 |
| Alphabet Inc. Class A | COM | 02079K305 | 14,159 | 10,571 | SH | | SOLE | 0 | 8,989 | 0 | 1,582 |
| Garmin Ltd. | COM | H2906T109 | 22,061 | 226,131 | SH | | SOLE | 0 | 194,254 | 0 | 31,877 |
| Ferroglobe PLC | COM | G33856108 | 655 | 696,484 | SH | | SOLE | 0 | 600,136 | 0 | 96,348 |
| Halliburton Company | COM | 406216101 | 1,697 | 69,360 | SH | | SOLE | 0 | 59,343 | 0 | 10,017 |
| Huntington Bancshares Incorporated | COM | 446150104 | 4,842 | 321,085 | SH | | SOLE | 0 | 275,111 | 0 | 45,974 |
| Hanesbrands Inc. | COM | 410345102 | 13,380 | 901,016 | SH | | SOLE | 0 | 772,527 | 0 | 128,489 |
| Warrior Met Coal, Inc. | COM | 93627C101 | 11,361 | 537,684 | SH | | SOLE | 0 | 461,230 | 0 | 76,454 |
| Hackett Group, Inc. | COM | 404609109 | 17,702 | 1,096,797 | SH | | SOLE | 0 | 937,611 | 0 | 159,186 |
| Hewlett Packard Enterprise Co. | COM | 42824C109 | 4,993 | 314,835 | SH | | SOLE | 0 | 269,063 | 0 | 45,772 |
| HP Inc. | COM | 40434L105 | 6,416 | 312,226 | SH | | SOLE | 0 | 268,832 | 0 | 43,394 |
| Hertz Global Holdings, Inc. | COM | 42806J106 | 1,410 | 89,502 | SH | | SOLE | 0 | 78,087 | 0 | 11,415 |
| IHEARTMEDIA INC PRIVATE | COM | 451ESC032 | 0 | 342,478 | SH | | SOLE | 0 | 327,826 | 0 | 14,652 |
| iShares MSCI India ETF | COM | 46429B598 | 17,109 | 486,732 | SH | | SOLE | 0 | 486,732 | 0 | 0 |
| International Seaways, Inc. | COM | Y41053102 | 10,948 | 367,863 | SH | | SOLE | 0 | 315,282 | 0 | 52,581 |
| Intel Corporation | COM | 458140100 | 17,670 | 295,242 | SH | | SOLE | 0 | 253,449 | 0 | 41,793 |
| Gartner, Inc. | COM | 366651107 | 25,428 | 165,012 | SH | | SOLE | 0 | 141,623 | 0 | 23,389 |
| JD.com, Inc. Sponsored ADR Class A | COM | 47215P106 | 50,637 | 1,437,313 | SH | | SOLE | 0 | 1,229,637 | 0 | 207,676 |
| Jefferies Financial Group Inc. | COM | 47233W109 | 19,540 | 914,371 | SH | | SOLE | 0 | 783,920 | 0 | 130,451 |
| JPMorgan Chase & Co. | COM | 46625H100 | 51,057 | 366,265 | SH | | SOLE | 0 | 313,500 | 0 | 52,765 |
| KKR & Co. Inc. Class A | COM | 48251W104 | 20,799 | 713,024 | SH | | SOLE | 0 | 611,170 | 0 | 101,854 |
| KLA Corporation | COM | 482480100 | 22,285 | 125,077 | SH | | SOLE | 0 | 107,283 | 0 | 17,794 |
| Kroger Co. | COM | 501044101 | 36,980 | 1,275,609 | SH | | SOLE | 0 | 1,093,518 | 0 | 182,091 |
| Kansas City Southern | COM | 485170302 | 19,349 | 126,333 | SH | | SOLE | 0 | 108,176 | 0 | 18,157 |
| KT Corporation Sponsored ADR | COM | 48268K101 | 344 | 29,671 | SH | | SOLE | 0 | 29,671 | 0 | 0 |
| Loews Corporation | COM | 540424108 | 9,151 | 174,333 | SH | | SOLE | 0 | 149,726 | 0 | 24,607 |
| Lazard Ltd Class A | COM | G54050102 | 33,366 | 834,981 | SH | | SOLE | 0 | 716,186 | 0 | 118,795 |
| Liberty Broadband Corp. Class A | COM | 530307107 | 589 | 4,731 | SH | | SOLE | 0 | 4,099 | 0 | 632 |
| Liberty Broadband Corp. Class C | COM | 530307305 | 9,134 | 72,636 | SH | | SOLE | 0 | 61,896 | 0 | 10,740 |
| Liberty Global Plc Class A | COM | G5480U104 | 23,638 | 1,039,484 | SH | | SOLE | 0 | 889,292 | 0 | 150,192 |
| Liberty Global Plc Class C | COM | G5480U120 | 23,902 | 1,096,695 | SH | | SOLE | 0 | 938,882 | 0 | 157,813 |
| Lear Corporation | COM | 521865204 | 7,148 | 52,102 | SH | | SOLE | 0 | 44,685 | 0 | 7,417 |
| Lions Gate Entertainment Corp Class B | COM | 535919500 | 234 | 23,576 | SH | | SOLE | 0 | 20,396 | 0 | 3,180 |
| Liberty Latin America Ltd. Class A | COM | G9001E102 | 4,940 | 255,984 | SH | | SOLE | 0 | 217,635 | 0 | 38,349 |
| Liberty Latin America Ltd. Class C | COM | G9001E128 | 6,859 | 352,465 | SH | | SOLE | 0 | 300,189 | 0 | 52,276 |
| LivaNova Plc | COM | G5509L101 | 21,508 | 285,140 | SH | | SOLE | 0 | 244,422 | 0 | 40,718 |
| Lowe s Companies, Inc. | COM | 548661107 | 7,085 | 59,159 | SH | | SOLE | 0 | 50,553 | 0 | 8,606 |
| Louisiana-Pacific Corporation | COM | 546347105 | 7,213 | 243,102 | SH | | SOLE | 0 | 207,807 | 0 | 35,295 |
| Lam Research Corporation | COM | 512807108 | 5,597 | 19,143 | SH | | SOLE | 0 | 16,385 | 0 | 2,758 |
| Liberty Media Corp. Series A Liberty SiriusXM | COM | 531229409 | 11,818 | 244,480 | SH | | SOLE | 0 | 208,790 | 0 | 35,690 |
| Liberty Media Corp. Series C Liberty SiriusXM | COM | 531229607 | 15,146 | 314,624 | SH | | SOLE | 0 | 269,710 | 0 | 44,914 |
| Liberty TripAdvisor Holdings Inc Class A | COM | 531465102 | 103 | 13,983 | SH | | SOLE | 0 | 12,157 | 0 | 1,826 |
| LyondellBasell Industries NV | COM | N53745100 | 7,239 | 76,618 | SH | | SOLE | 0 | 65,930 | 0 | 10,688 |
| Masco Corporation | COM | 574599106 | 14,068 | 293,139 | SH | | SOLE | 0 | 251,288 | 0 | 41,851 |
| MBIA Inc. | COM | 55262C100 | 30,972 | 3,330,291 | SH | | SOLE | 0 | 2,852,283 | 0 | 478,008 |
| McKesson Corporation | COM | 58155Q103 | 6,536 | 47,255 | SH | | SOLE | 0 | 40,471 | 0 | 6,784 |
| Micro Focus International plc Sponsored ADR | COM | 594837403 | 4,871 | 347,160 | SH | | SOLE | 0 | 298,001 | 0 | 49,159 |
| MGM Resorts International | COM | 552953101 | 61,002 | 1,833,554 | SH | | SOLE | 0 | 1,571,191 | 0 | 262,363 |
| Mohawk Industries, Inc. | COM | 608190104 | 14,012 | 102,745 | SH | | SOLE | 0 | 88,230 | 0 | 14,515 |
| Markel Corporation | COM | 570535104 | 23,737 | 20,764 | SH | | SOLE | 0 | 17,812 | 0 | 2,952 |
| Altria Group Inc | COM | 02209S103 | 9,419 | 188,726 | SH | | SOLE | 0 | 142,526 | 0 | 46,200 |
| Marathon Petroleum Corporation | COM | 56585A102 | 20,845 | 345,976 | SH | | SOLE | 0 | 296,838 | 0 | 49,138 |
| Morgan Stanley | COM | 617446448 | 17,827 | 348,725 | SH | | SOLE | 0 | 298,774 | 0 | 49,951 |
| Microsoft Corporation | COM | 594918104 | 51,592 | 327,153 | SH | | SOLE | 0 | 280,306 | 0 | 46,847 |
| Micron Technology, Inc. | COM | 595112103 | 59,824 | 1,112,393 | SH | | SOLE | 0 | 952,439 | 0 | 159,954 |
| Ingevity Corporation | COM | 45688C107 | 1,866 | 21,356 | SH | | SOLE | 0 | 18,249 | 0 | 3,107 |
| Noah Holdings Ltd. Sponsored ADR Class A | COM | 65487X102 | 5,939 | 167,912 | SH | | SOLE | 0 | 144,133 | 0 | 23,779 |
| NetEase, Inc. Sponsored ADR | COM | 64110W102 | 32,430 | 105,760 | SH | | SOLE | 0 | 90,645 | 0 | 15,115 |
| NVIDIA Corporation | COM | 67066G104 | 9,568 | 40,664 | SH | | SOLE | 0 | 34,875 | 0 | 5,789 |
| Petroleo Brasileiro SA Sponsored ADR | COM | 71654V408 | 24,839 | 1,558,303 | SH | | SOLE | 0 | 1,336,264 | 0 | 222,039 |
| Philip Morris International Inc. | COM | 718172109 | 18,016 | 211,730 | SH | | SOLE | 0 | 160,107 | 0 | 51,623 |
| PNC Financial Services Group, Inc. | COM | 693475105 | 26,953 | 168,845 | SH | | SOLE | 0 | 144,627 | 0 | 24,218 |
| Perspecta, Inc. | COM | 715347100 | 2,762 | 104,459 | SH | | SOLE | 0 | 89,341 | 0 | 15,118 |
| PayPal Holdings Inc | COM | 70450Y103 | 106,711 | 986,514 | SH | | SOLE | 0 | 846,909 | 0 | 139,605 |
| Qurate Retail, Inc. Class A | COM | 74915M100 | 5,368 | 636,748 | SH | | SOLE | 0 | 545,467 | 0 | 91,281 |
| Raytheon Company | COM | 755111507 | 14,625 | 66,558 | SH | | SOLE | 0 | 56,955 | 0 | 9,603 |
| Ryanair Holdings Plc Sponsored ADR | COM | 783513203 | 47,792 | 545,509 | SH | | SOLE | 0 | 439,176 | 0 | 106,333 |
| Scorpio Bulkers, Inc. | COM | Y7546A122 | 6,429 | 1,009,220 | SH | | SOLE | 0 | 864,362 | 0 | 144,858 |
| Spirit Airlines, Inc. | COM | 848577102 | 6,790 | 168,447 | SH | | SOLE | 0 | 143,825 | 0 | 24,622 |
| Southern Copper Corporation | COM | 84265V105 | 11,950 | 281,299 | SH | | SOLE | 0 | 240,915 | 0 | 40,384 |
| Sherwin-Williams Company | COM | 824348106 | 42,182 | 72,287 | SH | | SOLE | 0 | 62,008 | 0 | 10,279 |
| SL Green Realty Corp. | COM | 78440X101 | 18,201 | 198,097 | SH | | SOLE | 0 | 169,944 | 0 | 28,153 |
| Scotts Miracle-Gro Company Class A | COM | 810186106 | 10,581 | 99,656 | SH | | SOLE | 0 | 85,476 | 0 | 14,180 |
| Spectrum Brands Holdings, Inc. | COM | 84790A105 | 1,511 | 23,501 | SH | | SOLE | 0 | 20,233 | 0 | 3,268 |
| Steel Dynamics, Inc. | COM | 858119100 | 4,573 | 134,328 | SH | | SOLE | 0 | 115,127 | 0 | 19,201 |
| Scorpio Tankers Inc. | COM | Y7542C130 | 43,725 | 1,111,472 | SH | | SOLE | 0 | 953,335 | 0 | 158,137 |
| Seagate Technology PLC | COM | G7945M107 | 22,012 | 369,944 | SH | | SOLE | 0 | 317,031 | 0 | 52,913 |
| Synchrony Financial | COM | 87165B103 | 44,320 | 1,230,776 | SH | | SOLE | 0 | 1,053,584 | 0 | 177,192 |
| Trip.com Group Ltd. Sponsored ADR | COM | 89677Q107 | 3,854 | 114,922 | SH | | SOLE | 0 | 97,977 | 0 | 16,945 |
| Thor Industries, Inc. | COM | 885160101 | 5,627 | 75,749 | SH | | SOLE | 0 | 64,932 | 0 | 10,817 |
| Tribune Publishing Co. | COM | 89609W107 | 536 | 40,752 | SH | | SOLE | 0 | 35,412 | 0 | 5,340 |
| Tractor Supply Company | COM | 892356106 | 41,070 | 439,536 | SH | | SOLE | 0 | 376,969 | 0 | 62,567 |
| Taiwan Semiconductor Manufacturing Co., Ltd. Spons | COM | 874039100 | 91,899 | 1,581,733 | SH | | SOLE | 0 | 1,354,520 | 0 | 227,213 |
| Texas Instruments Incorporated | COM | 882508104 | 6,503 | 50,688 | SH | | SOLE | 0 | 43,506 | 0 | 7,182 |
| United Airlines Holdings, Inc. | COM | 910047109 | 27,022 | 306,758 | SH | | SOLE | 0 | 263,202 | 0 | 43,556 |
| Uber Technologies, Inc. | COM | 90353T100 | 7,581 | 254,919 | SH | | SOLE | 0 | 218,670 | 0 | 36,249 |
| Net 1 UEPS Technologies, Inc. | COM | 64107N206 | 1,933 | 519,685 | SH | | SOLE | 0 | 445,636 | 0 | 74,049 |
| Union Pacific Corporation | COM | 907818108 | 32,142 | 177,784 | SH | | SOLE | 0 | 152,557 | 0 | 25,227 |
| Marriott Vacations Worldwide Corporation | COM | 57164Y107 | 4,743 | 36,838 | SH | | SOLE | 0 | 31,590 | 0 | 5,248 |
| Valaris PLC Class A | COM | G3157S106 | 8,433 | 1,285,444 | SH | | SOLE | 0 | 1,102,917 | 0 | 182,527 |
| Veeco Instruments Inc. | COM | 922417100 | 1,359 | 92,545 | SH | | SOLE | 0 | 79,277 | 0 | 13,268 |
| VICI Properties Inc | COM | 925652109 | 4,569 | 178,839 | SH | | SOLE | 0 | 153,183 | 0 | 25,656 |
| Vipshop Holdings Ltd Sponsored ADR | COM | 92763W103 | 19,775 | 1,395,536 | SH | | SOLE | 0 | 1,195,573 | 0 | 199,963 |
| Venator Materials PLC | COM | G9329Z100 | 2,475 | 646,158 | SH | | SOLE | 0 | 553,986 | 0 | 92,172 |
| Vista Outdoor Inc | COM | 928377100 | 3,774 | 504,548 | SH | | SOLE | 0 | 431,776 | 0 | 72,772 |
| AquaVenture Holdings Limited | COM | G0443N107 | 9,229 | 340,293 | SH | | SOLE | 0 | 291,749 | 0 | 48,544 |
| Western Digital Corporation | COM | 958102105 | 7,609 | 119,879 | SH | | SOLE | 0 | 102,608 | 0 | 17,271 |
| Wells Fargo & Company | COM | 949746101 | 66,292 | 1,232,188 | SH | | SOLE | 0 | 1,055,916 | 0 | 176,272 |
| Whirlpool Corporation | COM | 963320106 | 3,377 | 22,893 | SH | | SOLE | 0 | 19,604 | 0 | 3,289 |
| Willis Towers Watson Public Limited Company | COM | G96629103 | 32,417 | 160,526 | SH | | SOLE | 0 | 137,630 | 0 | 22,896 |
| Walmart Inc. | COM | 931142103 | 31,272 | 263,145 | SH | | SOLE | 0 | 225,385 | 0 | 37,760 |
| WestRock Company | COM | 96145D105 | 5,314 | 123,845 | SH | | SOLE | 0 | 106,766 | 0 | 17,079 |
| 58.com Inc. Sponsored ADR Class A | COM | 31680Q104 | 11,400 | 176,120 | SH | | SOLE | 0 | 151,055 | 0 | 25,065 |
| Yandex NV Class A | COM | N97284108 | 20,659 | 475,039 | SH | | SOLE | 0 | 407,084 | 0 | 67,955 |
