| 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 | 8,405 | 747,797 | SH | | SOLE | 0 | 631,541 | 0 | 116,256 |
| American Airlines Group, Inc. | COM | 02376R102 | 23,472 | 1,795,893 | SH | | SOLE | 0 | 1,514,642 | 0 | 281,251 |
| Advance Auto Parts, Inc. | COM | 00751Y106 | 4,428 | 31,082 | SH | | SOLE | 0 | 26,091 | 0 | 4,991 |
| Adient plc | COM | G0084W101 | 8,585 | 522,808 | SH | | SOLE | 0 | 440,478 | 0 | 82,330 |
| Alliance Data Systems Corporation | COM | 018581108 | 1,687 | 37,400 | SH | | SOLE | 0 | 31,559 | 0 | 5,841 |
| American International Group, Inc. | COM | 026874784 | 54,610 | 1,751,447 | SH | | SOLE | 0 | 1,477,944 | 0 | 273,503 |
| American International Group, Inc. Warrants 2011-1 | CONV BONDS | 026874156 | 4,442 | 3,172,972 | PRN | | SOLE | 0 | 2,671,936 | 0 | 501,036 |
| America Movil SAB de CV Sponsored ADR Class L | COM | 02364W105 | 3,784 | 298,221 | SH | | SOLE | 0 | 251,412 | 0 | 46,809 |
| Amazon.com, Inc. | COM | 023135106 | 250,586 | 90,831 | SH | | SOLE | 0 | 76,600 | 0 | 14,231 |
| Anthem, Inc. | COM | 036752103 | 24,449 | 92,968 | SH | | SOLE | 0 | 78,198 | 0 | 14,770 |
| Apache Corporation | COM | 037411105 | 5,263 | 389,873 | SH | | SOLE | 0 | 328,514 | 0 | 61,359 |
| Altice USA, Inc. Class A | COM | 02156K103 | 14,235 | 631,560 | SH | | SOLE | 0 | 532,435 | 0 | 99,125 |
| Activision Blizzard, Inc. | COM | 00507V109 | 26,800 | 353,095 | SH | | SOLE | 0 | 297,343 | 0 | 55,752 |
| Broadcom Inc. | COM | 11135F101 | 10,224 | 32,395 | SH | | SOLE | 0 | 27,282 | 0 | 5,113 |
| American Express Company | COM | 025816109 | 59,636 | 626,430 | SH | | SOLE | 0 | 527,920 | 0 | 98,510 |
| Alibaba Group Holding Ltd. Sponsored ADR | COM | 01609W102 | 36,406 | 168,782 | SH | | SOLE | 0 | 142,228 | 0 | 26,554 |
| Bank of America Corp | COM | 060505104 | 151,593 | 6,382,878 | SH | | SOLE | 0 | 5,375,602 | 0 | 1,007,276 |
| Baidu, Inc. Sponsored ADR Class A | COM | 056752108 | 8,477 | 70,705 | SH | | SOLE | 0 | 59,477 | 0 | 11,228 |
| Bio-Rad Laboratories, Inc. Class A | COM | 090572207 | 37,106 | 82,186 | SH | | SOLE | 0 | 69,017 | 0 | 13,169 |
| Booking Holdings Inc. | COM | 09857L108 | 71,361 | 44,815 | SH | | SOLE | 0 | 37,781 | 0 | 7,034 |
| TopBuild Corp. | COM | 89055F103 | 4,325 | 38,014 | SH | | SOLE | 0 | 32,081 | 0 | 5,933 |
| Bristol-Myers Squibb Company | COM | 110122108 | 9,952 | 169,258 | SH | | SOLE | 0 | 142,631 | 0 | 26,627 |
| Berkshire Hathaway Inc. Class B | COM | 084670702 | 59,817 | 335,093 | SH | | SOLE | 0 | 282,103 | 0 | 52,990 |
| Peabody Energy Corporation | COM | 704551100 | 7,508 | 2,606,836 | SH | | SOLE | 0 | 2,198,388 | 0 | 408,448 |
| Citigroup Inc. | COM | 172967424 | 97,989 | 1,917,598 | SH | | SOLE | 0 | 1,616,118 | 0 | 301,480 |
| Avis Budget Group, Inc. | COM | 053774105 | 3,606 | 157,555 | SH | | SOLE | 0 | 132,888 | 0 | 24,667 |
| CBRE Group, Inc. Class A | COM | 12504L109 | 81,991 | 1,813,148 | SH | | SOLE | 0 | 1,530,469 | 0 | 282,679 |
| Citizens Financial Group, Inc. | COM | 174610105 | 20,407 | 808,509 | SH | | SOLE | 0 | 682,785 | 0 | 125,724 |
| Change Healthcare, Inc. | COM | 15912K100 | 811 | 72,385 | SH | | SOLE | 0 | 60,909 | 0 | 11,476 |
| Charter Communications, Inc. Class A | COM | 16119P108 | 12,534 | 24,574 | SH | | SOLE | 0 | 20,753 | 0 | 3,821 |
| CoreLogic, Inc. | COM | 21871D103 | 16,563 | 246,406 | SH | | SOLE | 0 | 208,100 | 0 | 38,306 |
| CME Group Inc. Class A | COM | 12572Q105 | 1,458 | 8,972 | SH | | SOLE | 0 | 7,686 | 0 | 1,286 |
| Capital One Financial Corporation | COM | 14040H105 | 27,657 | 441,883 | SH | | SOLE | 0 | 372,082 | 0 | 69,801 |
| ConocoPhillips | COM | 20825C104 | 3,460 | 82,352 | SH | | SOLE | 0 | 69,325 | 0 | 13,027 |
| Costco Wholesale Corporation | COM | 22160K105 | 125,834 | 415,006 | SH | | SOLE | 0 | 349,988 | 0 | 65,018 |
| Coty Inc. Class A | COM | 222070203 | 712 | 159,262 | SH | | SOLE | 0 | 135,071 | 0 | 24,191 |
| Copa Holdings, S.A. Class A | COM | P31076105 | 7,187 | 142,152 | SH | | SOLE | 0 | 119,917 | 0 | 22,235 |
| CenturyLink, Inc. | COM | 156700106 | 7,700 | 767,662 | SH | | SOLE | 0 | 646,606 | 0 | 121,056 |
| Cognizant Technology Solutions Corporation Class A | COM | 192446102 | 4,165 | 73,299 | SH | | SOLE | 0 | 61,743 | 0 | 11,556 |
| Corteva Inc | COM | 22052L104 | 2,317 | 86,499 | SH | | SOLE | 0 | 72,837 | 0 | 13,662 |
| Cemex SAB de CV Sponsored ADR | COM | 151290889 | 22,233 | 7,719,756 | SH | | SOLE | 0 | 6,511,125 | 0 | 1,208,631 |
| Delta Air Lines, Inc. | COM | 247361702 | 61,037 | 2,176,015 | SH | | SOLE | 0 | 1,832,804 | 0 | 343,211 |
| DuPont de Nemours, Inc. | COM | 26614N102 | 4,597 | 86,516 | SH | | SOLE | 0 | 72,854 | 0 | 13,662 |
| DHT Holdings, Inc. | COM | Y2065G121 | 17,878 | 3,485,085 | SH | | SOLE | 0 | 2,940,554 | 0 | 544,531 |
| Walt Disney Company | COM | 254687106 | 36,734 | 329,425 | SH | | SOLE | 0 | 277,899 | 0 | 51,526 |
| NOW Inc. | COM | 67011P100 | 3,586 | 415,499 | SH | | SOLE | 0 | 350,650 | 0 | 64,849 |
| Dow, Inc. | COM | 260557103 | 3,543 | 86,929 | SH | | SOLE | 0 | 73,267 | 0 | 13,662 |
| Diana Shipping Inc. | COM | Y2066G104 | 9,178 | 6,118,989 | SH | | SOLE | 0 | 5,162,116 | 0 | 956,873 |
| DXC Technology Co. | COM | 23355L106 | 11,133 | 674,745 | SH | | SOLE | 0 | 569,713 | 0 | 105,032 |
| eBay Inc. | COM | 278642103 | 14,612 | 278,592 | SH | | SOLE | 0 | 234,938 | 0 | 43,654 |
| EPAM Systems, Inc. | COM | 29414B104 | 33,983 | 134,849 | SH | | SOLE | 0 | 113,638 | 0 | 21,211 |
| Eldorado Resorts Inc | COM | 28470R102 | 6,012 | 150,075 | SH | | SOLE | 0 | 126,454 | 0 | 23,621 |
| Expedia Group, Inc. | COM | 30212P303 | 282 | 3,427 | SH | | SOLE | 0 | 2,903 | 0 | 524 |
| Ford Motor Company | COM | 345370860 | 10,074 | 1,656,933 | SH | | SOLE | 0 | 1,395,155 | 0 | 261,778 |
| Facebook, Inc. Class A | COM | 30303M102 | 17,954 | 79,070 | SH | | SOLE | 0 | 66,693 | 0 | 12,377 |
| FirstCash, Inc. | COM | 33767D105 | 10,854 | 160,842 | SH | | SOLE | 0 | 135,491 | 0 | 25,351 |
| Freeport-McMoRan, Inc. | COM | 35671D857 | 20,917 | 1,807,874 | SH | | SOLE | 0 | 1,523,692 | 0 | 284,182 |
| Fluor Corporation | COM | 343412102 | 621 | 51,445 | SH | | SOLE | 0 | 43,578 | 0 | 7,867 |
| Federal National Mortgage Association | COM | 313586109 | 983 | 452,825 | SH | | SOLE | 0 | 384,193 | 0 | 68,632 |
| Liberty Media Corporation Series A Liberty Formula | COM | 531229870 | 1,132 | 38,785 | SH | | SOLE | 0 | 32,594 | 0 | 6,191 |
| Liberty Media Corporation Series C Liberty Formula | COM | 531229854 | 8,432 | 265,925 | SH | | SOLE | 0 | 224,598 | 0 | 41,327 |
| Graco Inc. | COM | 384109104 | 11,663 | 243,033 | SH | | SOLE | 0 | 204,796 | 0 | 38,237 |
| GCI Liberty, Inc. Class A | COM | 36164V305 | 4,046 | 56,891 | SH | | SOLE | 0 | 47,998 | 0 | 8,893 |
| Golar LNG Limited | COM | G9456A100 | 1,941 | 268,130 | SH | | SOLE | 0 | 225,299 | 0 | 42,831 |
| Corning Inc | COM | 219350105 | 3,967 | 153,182 | SH | | SOLE | 0 | 128,704 | 0 | 24,478 |
| Alphabet Inc. Class C | COM | 02079K107 | 117,277 | 82,963 | SH | | SOLE | 0 | 69,964 | 0 | 12,999 |
| Alphabet Inc. Class A | COM | 02079K305 | 13,558 | 9,561 | SH | | SOLE | 0 | 7,979 | 0 | 1,582 |
| Garmin Ltd. | COM | H2906T109 | 19,916 | 204,270 | SH | | SOLE | 0 | 172,393 | 0 | 31,877 |
| Ferroglobe PLC | COM | G33856108 | 939 | 1,893,439 | SH | | SOLE | 0 | 1,598,507 | 0 | 294,932 |
| Huntington Bancshares Incorporated | COM | 446150104 | 2,629 | 290,989 | SH | | SOLE | 0 | 245,015 | 0 | 45,974 |
| Hanesbrands Inc. | COM | 410345102 | 9,226 | 817,166 | SH | | SOLE | 0 | 688,677 | 0 | 128,489 |
| Warrior Met Coal, Inc. | COM | 93627C101 | 7,486 | 486,419 | SH | | SOLE | 0 | 409,965 | 0 | 76,454 |
| Hackett Group, Inc. | COM | 404609109 | 13,441 | 992,657 | SH | | SOLE | 0 | 833,471 | 0 | 159,186 |
| Hewlett Packard Enterprise Co. | COM | 42824C109 | 2,775 | 285,182 | SH | | SOLE | 0 | 239,410 | 0 | 45,772 |
| HP Inc. | COM | 40434L105 | 4,939 | 283,387 | SH | | SOLE | 0 | 239,993 | 0 | 43,394 |
| Hertz Global Holdings, Inc. | COM | 42806J106 | 115 | 81,422 | SH | | SOLE | 0 | 70,007 | 0 | 11,415 |
| iShares MSCI India ETF | COM | 46429B598 | 5,725 | 197,272 | SH | | SOLE | 0 | 197,272 | 0 | 0 |
| International Seaways, Inc. | COM | Y41053102 | 5,448 | 333,443 | SH | | SOLE | 0 | 280,862 | 0 | 52,581 |
| Intel Corporation | COM | 458140100 | 16,022 | 267,794 | SH | | SOLE | 0 | 226,001 | 0 | 41,793 |
| Gartner, Inc. | COM | 366651107 | 18,104 | 149,209 | SH | | SOLE | 0 | 125,820 | 0 | 23,389 |
| JD.com, Inc. Sponsored ADR Class A | COM | 47215P106 | 75,665 | 1,257,313 | SH | | SOLE | 0 | 1,058,793 | 0 | 198,520 |
| Jefferies Financial Group Inc. | COM | 47233W109 | 12,879 | 828,233 | SH | | SOLE | 0 | 697,782 | 0 | 130,451 |
| JPMorgan Chase & Co. | COM | 46625H100 | 19,185 | 203,967 | SH | | SOLE | 0 | 171,336 | 0 | 32,631 |
| KKR & Co. Inc. | COM | 48251W104 | 19,863 | 643,226 | SH | | SOLE | 0 | 541,372 | 0 | 101,854 |
| KLA Corporation | COM | 482480100 | 22,005 | 113,149 | SH | | SOLE | 0 | 95,355 | 0 | 17,794 |
| Kroger Co. | COM | 501044101 | 38,110 | 1,125,844 | SH | | SOLE | 0 | 947,468 | 0 | 178,376 |
| Kansas City Southern | COM | 485170302 | 17,021 | 114,011 | SH | | SOLE | 0 | 95,854 | 0 | 18,157 |
| KT Corporation Sponsored ADR | COM | 48268K101 | 213 | 21,835 | SH | | SOLE | 0 | 21,835 | 0 | 0 |
| Loews Corporation | COM | 540424108 | 5,415 | 157,920 | SH | | SOLE | 0 | 133,313 | 0 | 24,607 |
| Lazard Ltd Class A | COM | G54050102 | 19,892 | 694,793 | SH | | SOLE | 0 | 586,562 | 0 | 108,231 |
| Liberty Broadband Corp. Class A | COM | 530307107 | 529 | 4,328 | SH | | SOLE | 0 | 3,696 | 0 | 632 |
| Liberty Broadband Corp. Class C | COM | 530307305 | 8,461 | 68,259 | SH | | SOLE | 0 | 57,519 | 0 | 10,740 |
| Liberty Global Plc Class A | COM | G5480U104 | 17,584 | 804,388 | SH | | SOLE | 0 | 676,048 | 0 | 128,340 |
| Liberty Global Plc Class C | COM | G5480U120 | 18,347 | 852,970 | SH | | SOLE | 0 | 717,477 | 0 | 135,493 |
| Lear Corporation | COM | 521865204 | 5,150 | 47,238 | SH | | SOLE | 0 | 39,821 | 0 | 7,417 |
| Lions Gate Entertainment Corp Class B | COM | 535919500 | 147 | 21,519 | SH | | SOLE | 0 | 18,339 | 0 | 3,180 |
| Liberty Latin America Ltd. Class A | COM | G9001E102 | 2,258 | 232,341 | SH | | SOLE | 0 | 193,992 | 0 | 38,349 |
| Liberty Latin America Ltd. Class C | COM | G9001E128 | 2,965 | 314,114 | SH | | SOLE | 0 | 262,782 | 0 | 51,332 |
| LivaNova Plc | COM | G5509L101 | 12,436 | 258,378 | SH | | SOLE | 0 | 217,660 | 0 | 40,718 |
| Lowe s Companies, Inc. | COM | 548661107 | 7,240 | 53,585 | SH | | SOLE | 0 | 44,979 | 0 | 8,606 |
| Louisiana-Pacific Corporation | COM | 546347105 | 5,657 | 220,557 | SH | | SOLE | 0 | 185,262 | 0 | 35,295 |
| Lam Research Corporation | COM | 512807108 | 5,613 | 17,353 | SH | | SOLE | 0 | 14,595 | 0 | 2,758 |
| Liberty Media Corp. Series A Liberty SiriusXM | COM | 531229409 | 2,294 | 66,463 | SH | | SOLE | 0 | 55,861 | 0 | 10,602 |
| Liberty Media Corp. Series C Liberty SiriusXM | COM | 531229607 | 5,185 | 150,505 | SH | | SOLE | 0 | 126,817 | 0 | 23,688 |
| Liberty TripAdvisor Holdings Inc Class A | COM | 531465102 | 28 | 12,944 | SH | | SOLE | 0 | 11,118 | 0 | 1,826 |
| LyondellBasell Industries NV | COM | N53745100 | 4,561 | 69,403 | SH | | SOLE | 0 | 58,715 | 0 | 10,688 |
| Masco Corporation | COM | 574599106 | 13,337 | 265,625 | SH | | SOLE | 0 | 223,774 | 0 | 41,851 |
| MBIA Inc. | COM | 55262C100 | 16,360 | 2,256,561 | SH | | SOLE | 0 | 1,898,252 | 0 | 358,309 |
| McKesson Corporation | COM | 58155Q103 | 5,580 | 36,374 | SH | | SOLE | 0 | 30,596 | 0 | 5,778 |
| Micro Focus International plc Sponsored ADR | COM | 594837403 | 1,725 | 314,759 | SH | | SOLE | 0 | 265,600 | 0 | 49,159 |
| MGM Resorts International | COM | 552953101 | 29,765 | 1,771,700 | SH | | SOLE | 0 | 1,494,122 | 0 | 277,578 |
| Mohawk Industries, Inc. | COM | 608190104 | 7,103 | 69,806 | SH | | SOLE | 0 | 58,985 | 0 | 10,821 |
| Markel Corporation | COM | 570535104 | 17,336 | 18,779 | SH | | SOLE | 0 | 15,827 | 0 | 2,952 |
| Altria Group Inc | COM | 02209S103 | 8,626 | 219,759 | SH | | SOLE | 0 | 155,561 | 0 | 64,198 |
| Marathon Petroleum Corporation | COM | 56585A102 | 11,717 | 313,469 | SH | | SOLE | 0 | 264,331 | 0 | 49,138 |
| Morgan Stanley | COM | 617446448 | 15,213 | 314,973 | SH | | SOLE | 0 | 265,022 | 0 | 49,951 |
| Microsoft Corporation | COM | 594918104 | 46,341 | 227,708 | SH | | SOLE | 0 | 191,921 | 0 | 35,787 |
| Micron Technology, Inc. | COM | 595112103 | 49,945 | 969,425 | SH | | SOLE | 0 | 816,043 | 0 | 153,382 |
| Ingevity Corporation | COM | 45688C107 | 1,029 | 19,574 | SH | | SOLE | 0 | 16,467 | 0 | 3,107 |
| Noah Holdings Ltd. Sponsored ADR Class A | COM | 65487X102 | 3,661 | 143,728 | SH | | SOLE | 0 | 120,885 | 0 | 22,843 |
| NetEase, Inc. Sponsored ADR | COM | 64110W102 | 41,027 | 95,550 | SH | | SOLE | 0 | 80,435 | 0 | 15,115 |
| NVIDIA Corporation | COM | 67066G104 | 14,005 | 36,864 | SH | | SOLE | 0 | 31,075 | 0 | 5,789 |
| Petroleo Brasileiro SA Sponsored ADR | COM | 71654V408 | 11,660 | 1,409,940 | SH | | SOLE | 0 | 1,187,901 | 0 | 222,039 |
| Philip Morris International Inc. | COM | 718172109 | 12,106 | 172,795 | SH | | SOLE | 0 | 122,457 | 0 | 50,338 |
| PNC Financial Services Group, Inc. | COM | 693475105 | 15,119 | 143,701 | SH | | SOLE | 0 | 120,858 | 0 | 22,843 |
| Perspecta, Inc. | COM | 715347100 | 1,910 | 82,209 | SH | | SOLE | 0 | 69,037 | 0 | 13,172 |
| PayPal Holdings Inc | COM | 70450Y103 | 124,364 | 713,794 | SH | | SOLE | 0 | 602,379 | 0 | 111,415 |
| Qurate Retail, Inc. Class A | COM | 74915M100 | 5,507 | 579,639 | SH | | SOLE | 0 | 488,358 | 0 | 91,281 |
| Raytheon Technologies Corporation | COM | 75513E101 | 8,698 | 141,149 | SH | | SOLE | 0 | 118,729 | 0 | 22,420 |
| Ryanair Holdings Plc Sponsored ADR | COM | 783513203 | 33,074 | 498,558 | SH | | SOLE | 0 | 395,913 | 0 | 102,645 |
| Scorpio Bulkers, Inc. | COM | Y7546A130 | 1,319 | 86,186 | SH | | SOLE | 0 | 72,506 | 0 | 13,680 |
| Spirit Airlines, Inc. | COM | 848577102 | 2,714 | 152,444 | SH | | SOLE | 0 | 127,822 | 0 | 24,622 |
| Southern Copper Corporation | COM | 84265V105 | 10,142 | 255,013 | SH | | SOLE | 0 | 214,629 | 0 | 40,384 |
| Charles Schwab Corporation | COM | 808513105 | 23,414 | 693,964 | SH | | SOLE | 0 | 584,730 | 0 | 109,234 |
| Sherwin-Williams Company | COM | 824348106 | 37,717 | 65,272 | SH | | SOLE | 0 | 54,993 | 0 | 10,279 |
| SL Green Realty Corp. | COM | 78440X101 | 12,272 | 248,978 | SH | | SOLE | 0 | 210,256 | 0 | 38,722 |
| Scotts Miracle-Gro Company Class A | COM | 810186106 | 12,154 | 90,387 | SH | | SOLE | 0 | 76,207 | 0 | 14,180 |
| Spectrum Brands Holdings, Inc. | COM | 84790A105 | 981 | 21,369 | SH | | SOLE | 0 | 18,101 | 0 | 3,268 |
| Spotify Technology SA | COM | L8681T102 | 5,872 | 22,743 | SH | | SOLE | 0 | 19,170 | 0 | 3,573 |
| Steel Dynamics, Inc. | COM | 858119100 | 3,167 | 121,398 | SH | | SOLE | 0 | 102,197 | 0 | 19,201 |
| Scorpio Tankers Inc. | COM | Y7542C130 | 16,697 | 1,303,408 | SH | | SOLE | 0 | 1,098,719 | 0 | 204,689 |
| Seagate Technology PLC | COM | G7945M107 | 16,246 | 335,586 | SH | | SOLE | 0 | 282,673 | 0 | 52,913 |
| Synchrony Financial | COM | 87165B103 | 32,426 | 1,463,272 | SH | | SOLE | 0 | 1,234,866 | 0 | 228,406 |
| Trip.com Group Ltd. Sponsored ADR | COM | 89677Q107 | 2,699 | 104,112 | SH | | SOLE | 0 | 87,167 | 0 | 16,945 |
| Thor Industries, Inc. | COM | 885160101 | 7,304 | 68,561 | SH | | SOLE | 0 | 57,744 | 0 | 10,817 |
| Tencent Music Entertainment Group Sponsored ADR Cl | COM | 88034P109 | 4,974 | 369,546 | SH | | SOLE | 0 | 311,504 | 0 | 58,042 |
| Tribune Publishing Co. | COM | 89609W107 | 373 | 37,311 | SH | | SOLE | 0 | 31,971 | 0 | 5,340 |
| Tractor Supply Company | COM | 892356106 | 41,428 | 314,350 | SH | | SOLE | 0 | 265,091 | 0 | 49,259 |
| Taiwan Semiconductor Manufacturing Co., Ltd. Spons | COM | 874039100 | 80,370 | 1,415,715 | SH | | SOLE | 0 | 1,195,369 | 0 | 220,346 |
| Texas Instruments Incorporated | COM | 882508104 | 12,242 | 96,414 | SH | | SOLE | 0 | 81,333 | 0 | 15,081 |
| United Airlines Holdings, Inc. | COM | 910047109 | 10,892 | 314,695 | SH | | SOLE | 0 | 265,215 | 0 | 49,480 |
| Uber Technologies, Inc. | COM | 90353T100 | 9,966 | 320,641 | SH | | SOLE | 0 | 270,414 | 0 | 50,227 |
| Net 1 UEPS Technologies, Inc. | COM | 64107N206 | 1,437 | 472,695 | SH | | SOLE | 0 | 398,646 | 0 | 74,049 |
| Union Pacific Corporation | COM | 907818108 | 27,182 | 160,776 | SH | | SOLE | 0 | 135,549 | 0 | 25,227 |
| Marriott Vacations Worldwide Corporation | COM | 57164Y107 | 2,740 | 33,327 | SH | | SOLE | 0 | 28,079 | 0 | 5,248 |
| Valaris PLC Class A | COM | G3157S106 | 767 | 1,176,877 | SH | | SOLE | 0 | 994,350 | 0 | 182,527 |
| Veeco Instruments Inc. | COM | 922417100 | 1,129 | 83,696 | SH | | SOLE | 0 | 70,428 | 0 | 13,268 |
| VICI Properties Inc | COM | 925652109 | 3,264 | 161,683 | SH | | SOLE | 0 | 136,027 | 0 | 25,656 |
| Vipshop Holdings Ltd Sponsored ADR | COM | 92763W103 | 25,163 | 1,263,819 | SH | | SOLE | 0 | 1,063,856 | 0 | 199,963 |
| Venator Materials PLC | COM | G9329Z100 | 1,054 | 588,656 | SH | | SOLE | 0 | 496,484 | 0 | 92,172 |
| Vista Outdoor Inc | COM | 928377100 | 10,206 | 706,290 | SH | | SOLE | 0 | 596,482 | 0 | 109,808 |
| Western Digital Corporation | COM | 958102105 | 4,799 | 108,690 | SH | | SOLE | 0 | 91,419 | 0 | 17,271 |
| Wells Fargo & Company | COM | 949746101 | 63,579 | 2,483,536 | SH | | SOLE | 0 | 2,091,601 | 0 | 391,935 |
| Willis Towers Watson Public Limited Company | COM | G96629103 | 28,633 | 145,384 | SH | | SOLE | 0 | 122,488 | 0 | 22,896 |
| Walmart Inc. | COM | 931142103 | 19,944 | 166,508 | SH | | SOLE | 0 | 140,134 | 0 | 26,374 |
| WestRock Company | COM | 96145D105 | 3,172 | 112,233 | SH | | SOLE | 0 | 95,154 | 0 | 17,079 |
| 58.com Inc. Sponsored ADR Class A | COM | 31680Q104 | 8,611 | 159,641 | SH | | SOLE | 0 | 134,576 | 0 | 25,065 |
| Yandex NV Class A | COM | N97284108 | 21,503 | 429,885 | SH | | SOLE | 0 | 361,930 | 0 | 67,955 |
