| 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 | 10,161 | 873,652 | SH | | SOLE | 0 | 733,025 | 0 | 140,627 |
| American Airlines Group, Inc. | COM | 02376R102 | 21,338 | 1,736,245 | SH | | SOLE | 0 | 1,454,994 | 0 | 281,251 |
| Advance Auto Parts, Inc. | COM | 00751Y106 | 4,616 | 30,069 | SH | | SOLE | 0 | 25,078 | 0 | 4,991 |
| Adient plc | COM | G0084W101 | 8,762 | 505,580 | SH | | SOLE | 0 | 423,250 | 0 | 82,330 |
| Alliance Data Systems Corporation | COM | 018581108 | 1,519 | 36,194 | SH | | SOLE | 0 | 30,353 | 0 | 5,841 |
| American International Group, Inc. | COM | 026874784 | 46,611 | 1,693,116 | SH | | SOLE | 0 | 1,419,613 | 0 | 273,503 |
| American International Group, Inc. Warrants 2011-1 | CONV BONDS | 026874156 | 492 | 3,076,288 | PRN | | SOLE | 0 | 2,575,252 | 0 | 501,036 |
| America Movil SAB de CV Sponsored ADR Class L | COM | 02364W105 | 3,648 | 292,098 | SH | | SOLE | 0 | 244,680 | 0 | 47,418 |
| Amazon.com, Inc. | COM | 023135106 | 254,254 | 80,748 | SH | | SOLE | 0 | 67,662 | 0 | 13,086 |
| Anthem, Inc. | COM | 036752103 | 24,151 | 89,917 | SH | | SOLE | 0 | 75,147 | 0 | 14,770 |
| Apache Corporation | COM | 037411105 | 3,568 | 376,820 | SH | | SOLE | 0 | 315,461 | 0 | 61,359 |
| Altice USA, Inc. Class A | COM | 02156K103 | 15,878 | 610,688 | SH | | SOLE | 0 | 511,563 | 0 | 99,125 |
| Activision Blizzard, Inc. | COM | 00507V109 | 27,625 | 341,258 | SH | | SOLE | 0 | 285,506 | 0 | 55,752 |
| Broadcom Inc. | COM | 11135F101 | 11,410 | 31,319 | SH | | SOLE | 0 | 26,206 | 0 | 5,113 |
| American Express Company | COM | 025816109 | 65,645 | 654,810 | SH | | SOLE | 0 | 548,121 | 0 | 106,689 |
| Bank of America Corp | COM | 060505104 | 160,964 | 6,681,768 | SH | | SOLE | 0 | 5,594,224 | 0 | 1,087,544 |
| Baidu, Inc. Sponsored ADR Class A | COM | 056752108 | 8,655 | 68,370 | SH | | SOLE | 0 | 57,142 | 0 | 11,228 |
| Bio-Rad Laboratories, Inc. Class A | COM | 090572207 | 40,922 | 79,390 | SH | | SOLE | 0 | 66,221 | 0 | 13,169 |
| Booking Holdings Inc. | COM | 09857L108 | 76,445 | 44,687 | SH | | SOLE | 0 | 37,426 | 0 | 7,261 |
| TopBuild Corp. | COM | 89055F103 | 6,274 | 36,754 | SH | | SOLE | 0 | 30,821 | 0 | 5,933 |
| Bristol-Myers Squibb Company | COM | 110122108 | 9,871 | 163,720 | SH | | SOLE | 0 | 137,093 | 0 | 26,627 |
| Berkshire Hathaway Inc. Class B | COM | 084670702 | 68,965 | 323,869 | SH | | SOLE | 0 | 270,879 | 0 | 52,990 |
| Peabody Energy Corporation | COM | 704551100 | 5,797 | 2,520,336 | SH | | SOLE | 0 | 2,111,888 | 0 | 408,448 |
| Citigroup Inc. | COM | 172967424 | 79,925 | 1,853,986 | SH | | SOLE | 0 | 1,552,506 | 0 | 301,480 |
| Avis Budget Group, Inc. | COM | 053774105 | 4,011 | 152,409 | SH | | SOLE | 0 | 127,742 | 0 | 24,667 |
| CBRE Group, Inc. Class A | COM | 12504L109 | 82,334 | 1,752,901 | SH | | SOLE | 0 | 1,470,222 | 0 | 282,679 |
| Citizens Financial Group, Inc. | COM | 174610105 | 19,754 | 781,427 | SH | | SOLE | 0 | 655,703 | 0 | 125,724 |
| Change Healthcare, Inc. | COM | 15912K100 | 1,017 | 70,118 | SH | | SOLE | 0 | 58,642 | 0 | 11,476 |
| Charter Communications, Inc. Class A | COM | 16119P108 | 14,841 | 23,770 | SH | | SOLE | 0 | 19,949 | 0 | 3,821 |
| CoreLogic, Inc. | COM | 21871D103 | 16,133 | 238,406 | SH | | SOLE | 0 | 200,100 | 0 | 38,306 |
| CME Group Inc. Class A | COM | 12572Q105 | 2,276 | 13,603 | SH | | SOLE | 0 | 11,400 | 0 | 2,203 |
| Centene Corporation | COM | 15135B101 | 4,013 | 68,796 | SH | | SOLE | 0 | 57,661 | 0 | 11,135 |
| Capital One Financial Corporation | COM | 14040H105 | 30,703 | 427,263 | SH | | SOLE | 0 | 357,462 | 0 | 69,801 |
| ConocoPhillips | COM | 20825C104 | 2,616 | 79,671 | SH | | SOLE | 0 | 66,644 | 0 | 13,027 |
| Costco Wholesale Corporation | COM | 22160K105 | 140,292 | 395,188 | SH | | SOLE | 0 | 331,134 | 0 | 64,054 |
| Coty Inc. Class A | COM | 222070203 | 419 | 155,070 | SH | | SOLE | 0 | 130,879 | 0 | 24,191 |
| Copa Holdings, S.A. Class A | COM | P31076105 | 6,920 | 137,459 | SH | | SOLE | 0 | 115,224 | 0 | 22,235 |
| Cognizant Technology Solutions Corporation Class A | COM | 192446102 | 4,924 | 70,937 | SH | | SOLE | 0 | 59,381 | 0 | 11,556 |
| Corteva Inc | COM | 22052L104 | 2,410 | 83,648 | SH | | SOLE | 0 | 69,986 | 0 | 13,662 |
| Cemex SAB de CV Sponsored ADR | COM | 151290889 | 28,361 | 7,463,513 | SH | | SOLE | 0 | 6,254,882 | 0 | 1,208,631 |
| Caesars Entertainment Inc | COM | 12769G100 | 8,137 | 145,140 | SH | | SOLE | 0 | 121,519 | 0 | 23,621 |
| Delta Air Lines, Inc. | COM | 247361702 | 59,054 | 1,931,142 | SH | | SOLE | 0 | 1,617,457 | 0 | 313,685 |
| DuPont de Nemours, Inc. | COM | 26614N102 | 4,642 | 83,668 | SH | | SOLE | 0 | 70,006 | 0 | 13,662 |
| DHT Holdings, Inc. | COM | Y2065G121 | 18,728 | 3,629,385 | SH | | SOLE | 0 | 3,042,952 | 0 | 586,433 |
| Walt Disney Company | COM | 254687106 | 39,513 | 318,447 | SH | | SOLE | 0 | 266,921 | 0 | 51,526 |
| NOW Inc. | COM | 67011P100 | 1,825 | 401,942 | SH | | SOLE | 0 | 337,093 | 0 | 64,849 |
| Dow, Inc. | COM | 260557103 | 3,954 | 84,033 | SH | | SOLE | 0 | 70,371 | 0 | 13,662 |
| Diana Shipping Inc. | COM | Y2066G104 | 8,434 | 5,981,598 | SH | | SOLE | 0 | 5,024,725 | 0 | 956,873 |
| DXC Technology Co. | COM | 23355L106 | 11,646 | 652,438 | SH | | SOLE | 0 | 547,406 | 0 | 105,032 |
| eBay Inc. | COM | 278642103 | 14,043 | 269,544 | SH | | SOLE | 0 | 225,890 | 0 | 43,654 |
| EPAM Systems, Inc. | COM | 29414B104 | 42,165 | 130,429 | SH | | SOLE | 0 | 109,218 | 0 | 21,211 |
| Expedia Group, Inc. | COM | 30212P303 | 305 | 3,325 | SH | | SOLE | 0 | 2,801 | 0 | 524 |
| Ford Motor Company | COM | 345370860 | 8,444 | 1,267,891 | SH | | SOLE | 0 | 1,063,806 | 0 | 204,085 |
| Facebook, Inc. Class A | COM | 30303M102 | 20,028 | 76,472 | SH | | SOLE | 0 | 64,095 | 0 | 12,377 |
| FirstCash, Inc. | COM | 33767D105 | 8,900 | 155,568 | SH | | SOLE | 0 | 130,217 | 0 | 25,351 |
| Freeport-McMoRan, Inc. | COM | 35671D857 | 31,654 | 2,023,921 | SH | | SOLE | 0 | 1,695,289 | 0 | 328,632 |
| Fluor Corporation | COM | 343412102 | 441 | 50,060 | SH | | SOLE | 0 | 42,193 | 0 | 7,867 |
| Federal National Mortgage Association | COM | 313586109 | 887 | 439,248 | SH | | SOLE | 0 | 370,616 | 0 | 68,632 |
| Liberty Media Corporation Series A Liberty Formula | COM | 531229870 | 1,261 | 37,625 | SH | | SOLE | 0 | 31,434 | 0 | 6,191 |
| Liberty Media Corporation Series C Liberty Formula | COM | 531229854 | 9,331 | 257,263 | SH | | SOLE | 0 | 215,936 | 0 | 41,327 |
| Graco Inc. | COM | 384109104 | 14,417 | 234,993 | SH | | SOLE | 0 | 196,756 | 0 | 38,237 |
| GCI Liberty, Inc. Class A | COM | 36164V305 | 4,509 | 55,017 | SH | | SOLE | 0 | 46,124 | 0 | 8,893 |
| Golar LNG Limited | COM | G9456A100 | 1,571 | 259,496 | SH | | SOLE | 0 | 216,665 | 0 | 42,831 |
| Corning Inc | COM | 219350105 | 4,805 | 148,244 | SH | | SOLE | 0 | 123,766 | 0 | 24,478 |
| Alphabet Inc. Class C | COM | 02079K107 | 117,862 | 80,200 | SH | | SOLE | 0 | 67,201 | 0 | 12,999 |
| Alphabet Inc. Class A | COM | 02079K305 | 13,555 | 9,249 | SH | | SOLE | 0 | 7,667 | 0 | 1,582 |
| Garmin Ltd. | COM | H2906T109 | 18,740 | 197,556 | SH | | SOLE | 0 | 165,679 | 0 | 31,877 |
| Ferroglobe PLC | COM | G33856108 | 2,524 | 3,772,162 | SH | | SOLE | 0 | 3,162,668 | 0 | 609,494 |
| Huntington Bancshares Incorporated | COM | 446150104 | 2,581 | 281,493 | SH | | SOLE | 0 | 235,519 | 0 | 45,974 |
| Hanesbrands Inc. | COM | 410345102 | 12,444 | 790,085 | SH | | SOLE | 0 | 661,596 | 0 | 128,489 |
| Warrior Met Coal, Inc. | COM | 93627C101 | 8,036 | 470,470 | SH | | SOLE | 0 | 394,016 | 0 | 76,454 |
| Hackett Group, Inc. | COM | 404609109 | 10,730 | 959,709 | SH | | SOLE | 0 | 800,523 | 0 | 159,186 |
| Hewlett Packard Enterprise Co. | COM | 42824C109 | 2,584 | 275,757 | SH | | SOLE | 0 | 229,985 | 0 | 45,772 |
| HP Inc. | COM | 40434L105 | 5,203 | 273,963 | SH | | SOLE | 0 | 230,569 | 0 | 43,394 |
| Hertz Global Holdings, Inc. | COM | 42806J106 | 89 | 79,819 | SH | | SOLE | 0 | 68,404 | 0 | 11,415 |
| iShares MSCI India ETF | COM | 46429B598 | 6,331 | 186,987 | SH | | SOLE | 0 | 186,987 | 0 | 0 |
| International Seaways, Inc. | COM | Y41053102 | 6,059 | 414,690 | SH | | SOLE | 0 | 347,627 | 0 | 67,063 |
| Intel Corporation | COM | 458140100 | 13,418 | 259,126 | SH | | SOLE | 0 | 217,333 | 0 | 41,793 |
| Gartner, Inc. | COM | 366651107 | 18,036 | 144,349 | SH | | SOLE | 0 | 120,960 | 0 | 23,389 |
| JD.com, Inc. Sponsored ADR Class A | COM | 47215P106 | 5,939 | 76,520 | SH | | SOLE | 0 | 76,520 | 0 | 0 |
| Jefferies Financial Group Inc. | COM | 47233W109 | 14,413 | 800,707 | SH | | SOLE | 0 | 670,256 | 0 | 130,451 |
| JPMorgan Chase & Co. | COM | 46625H100 | 18,995 | 197,314 | SH | | SOLE | 0 | 164,683 | 0 | 32,631 |
| KKR & Co. Inc. | COM | 48251W104 | 21,351 | 621,766 | SH | | SOLE | 0 | 519,912 | 0 | 101,854 |
| KLA Corporation | COM | 482480100 | 21,206 | 109,458 | SH | | SOLE | 0 | 91,664 | 0 | 17,794 |
| Kroger Co. | COM | 501044101 | 34,602 | 1,020,414 | SH | | SOLE | 0 | 854,581 | 0 | 165,833 |
| Kansas City Southern | COM | 485170302 | 19,942 | 110,282 | SH | | SOLE | 0 | 92,125 | 0 | 18,157 |
| KT Corporation Sponsored ADR | COM | 48268K101 | 210 | 21,835 | SH | | SOLE | 0 | 21,835 | 0 | 0 |
| Loews Corporation | COM | 540424108 | 5,305 | 152,670 | SH | | SOLE | 0 | 128,063 | 0 | 24,607 |
| Lazard Ltd Class A | COM | G54050102 | 22,197 | 671,626 | SH | | SOLE | 0 | 563,395 | 0 | 108,231 |
| Liberty Broadband Corp. Class A | COM | 530307107 | 596 | 4,203 | SH | | SOLE | 0 | 3,571 | 0 | 632 |
| Liberty Broadband Corp. Class C | COM | 530307305 | 9,426 | 65,973 | SH | | SOLE | 0 | 55,233 | 0 | 10,740 |
| Liberty Global Plc Class A | COM | G5480U104 | 16,344 | 777,917 | SH | | SOLE | 0 | 649,577 | 0 | 128,340 |
| Liberty Global Plc Class C | COM | G5480U120 | 16,940 | 824,945 | SH | | SOLE | 0 | 689,452 | 0 | 135,493 |
| Lear Corporation | COM | 521865204 | 4,984 | 45,704 | SH | | SOLE | 0 | 38,287 | 0 | 7,417 |
| Lions Gate Entertainment Corp Class B | COM | 535919500 | 182 | 20,854 | SH | | SOLE | 0 | 17,674 | 0 | 3,180 |
| Liberty Latin America Ltd. Class A | COM | G9001E102 | 1,859 | 225,317 | SH | | SOLE | 0 | 186,968 | 0 | 38,349 |
| Liberty Latin America Ltd. Class C | COM | G9001E128 | 3,661 | 449,800 | SH | | SOLE | 0 | 374,343 | 0 | 75,457 |
| LivaNova Plc | COM | G5509L101 | 11,297 | 249,868 | SH | | SOLE | 0 | 209,150 | 0 | 40,718 |
| Lowe s Companies, Inc. | COM | 548661107 | 8,594 | 51,815 | SH | | SOLE | 0 | 43,209 | 0 | 8,606 |
| Louisiana-Pacific Corporation | COM | 546347105 | 6,298 | 213,416 | SH | | SOLE | 0 | 178,121 | 0 | 35,295 |
| Lam Research Corporation | COM | 512807108 | 5,569 | 16,788 | SH | | SOLE | 0 | 14,030 | 0 | 2,758 |
| Liberty Media Corp. Series A Liberty SiriusXM | COM | 531229409 | 2,136 | 64,394 | SH | | SOLE | 0 | 53,792 | 0 | 10,602 |
| Liberty Media Corp. Series C Liberty SiriusXM | COM | 531229607 | 4,813 | 145,494 | SH | | SOLE | 0 | 121,806 | 0 | 23,688 |
| Liberty TripAdvisor Holdings Inc Class A | COM | 531465102 | 22 | 12,944 | SH | | SOLE | 0 | 11,118 | 0 | 1,826 |
| Lumen Technologies Inc | COM | 156700106 | 7,493 | 742,605 | SH | | SOLE | 0 | 621,549 | 0 | 121,056 |
| LyondellBasell Industries NV | COM | N53745100 | 4,731 | 67,119 | SH | | SOLE | 0 | 56,431 | 0 | 10,688 |
| Masco Corporation | COM | 574599106 | 14,163 | 256,904 | SH | | SOLE | 0 | 215,053 | 0 | 41,851 |
| MBIA Inc. | COM | 55262C100 | 13,213 | 2,180,291 | SH | | SOLE | 0 | 1,821,982 | 0 | 358,309 |
| McKesson Corporation | COM | 58155Q103 | 5,242 | 35,199 | SH | | SOLE | 0 | 29,421 | 0 | 5,778 |
| Micro Focus International plc Sponsored ADR | COM | 594837403 | 982 | 305,056 | SH | | SOLE | 0 | 255,897 | 0 | 49,159 |
| MGM Resorts International | COM | 552953101 | 37,249 | 1,712,603 | SH | | SOLE | 0 | 1,435,025 | 0 | 277,578 |
| Mohawk Industries, Inc. | COM | 608190104 | 6,591 | 67,537 | SH | | SOLE | 0 | 56,716 | 0 | 10,821 |
| Markel Corporation | COM | 570535104 | 17,691 | 18,169 | SH | | SOLE | 0 | 15,217 | 0 | 2,952 |
| Altria Group Inc | COM | 02209S103 | 7,991 | 206,802 | SH | | SOLE | 0 | 142,604 | 0 | 64,198 |
| Marathon Petroleum Corporation | COM | 56585A102 | 8,894 | 303,133 | SH | | SOLE | 0 | 253,995 | 0 | 49,138 |
| Morgan Stanley | COM | 617446448 | 14,727 | 304,595 | SH | | SOLE | 0 | 254,644 | 0 | 49,951 |
| Microsoft Corporation | COM | 594918104 | 46,305 | 220,152 | SH | | SOLE | 0 | 184,365 | 0 | 35,787 |
| Micron Technology, Inc. | COM | 595112103 | 44,020 | 937,390 | SH | | SOLE | 0 | 784,008 | 0 | 153,382 |
| Ingevity Corporation | COM | 45688C107 | 939 | 18,991 | SH | | SOLE | 0 | 15,884 | 0 | 3,107 |
| Noah Holdings Ltd. Sponsored ADR Class A | COM | 65487X102 | 3,621 | 138,908 | SH | | SOLE | 0 | 116,065 | 0 | 22,843 |
| NetEase, Inc. Sponsored ADR | COM | 64110W102 | 1,671 | 3,675 | SH | | SOLE | 0 | 3,675 | 0 | 0 |
| NVIDIA Corporation | COM | 67066G104 | 19,303 | 35,665 | SH | | SOLE | 0 | 29,876 | 0 | 5,789 |
| Petroleo Brasileiro SA Sponsored ADR | COM | 71654V408 | 9,706 | 1,363,135 | SH | | SOLE | 0 | 1,141,096 | 0 | 222,039 |
| Philip Morris International Inc. | COM | 718172109 | 12,188 | 162,530 | SH | | SOLE | 0 | 112,192 | 0 | 50,338 |
| PNC Financial Services Group, Inc. | COM | 693475105 | 15,265 | 138,882 | SH | | SOLE | 0 | 116,039 | 0 | 22,843 |
| Perspecta, Inc. | COM | 715347100 | 1,547 | 79,533 | SH | | SOLE | 0 | 66,361 | 0 | 13,172 |
| PayPal Holdings Inc | COM | 70450Y103 | 125,021 | 634,527 | SH | | SOLE | 0 | 531,737 | 0 | 102,790 |
| Qurate Retail, Inc. Class A | COM | 74915M100 | 4,027 | 560,858 | SH | | SOLE | 0 | 469,577 | 0 | 91,281 |
| Raytheon Technologies Corporation | COM | 75513E101 | 7,859 | 136,583 | SH | | SOLE | 0 | 114,163 | 0 | 22,420 |
| Ryanair Holdings Plc Sponsored ADR | COM | 783513203 | 40,242 | 492,197 | SH | | SOLE | 0 | 389,552 | 0 | 102,645 |
| Scorpio Bulkers, Inc. | COM | Y7546A130 | 1,180 | 83,318 | SH | | SOLE | 0 | 69,638 | 0 | 13,680 |
| Spirit Airlines, Inc. | COM | 848577102 | 2,375 | 147,510 | SH | | SOLE | 0 | 122,888 | 0 | 24,622 |
| Southern Copper Corporation | COM | 84265V105 | 11,168 | 246,698 | SH | | SOLE | 0 | 206,314 | 0 | 40,384 |
| Charles Schwab Corporation | COM | 808513105 | 24,308 | 670,928 | SH | | SOLE | 0 | 561,694 | 0 | 109,234 |
| Sherwin-Williams Company | COM | 824348106 | 43,983 | 63,127 | SH | | SOLE | 0 | 52,848 | 0 | 10,279 |
| SL Green Realty Corp. | COM | 78440X101 | 18,369 | 396,131 | SH | | SOLE | 0 | 332,265 | 0 | 63,866 |
| Scotts Miracle-Gro Company Class A | COM | 810186106 | 13,365 | 87,404 | SH | | SOLE | 0 | 73,224 | 0 | 14,180 |
| Spectrum Brands Holdings, Inc. | COM | 84790A105 | 1,182 | 20,679 | SH | | SOLE | 0 | 17,411 | 0 | 3,268 |
| Spotify Technology SA | COM | L8681T102 | 5,338 | 22,006 | SH | | SOLE | 0 | 18,433 | 0 | 3,573 |
| Steel Dynamics, Inc. | COM | 858119100 | 3,361 | 117,411 | SH | | SOLE | 0 | 98,210 | 0 | 19,201 |
| Scorpio Tankers Inc. | COM | Y7542C130 | 13,948 | 1,259,938 | SH | | SOLE | 0 | 1,055,249 | 0 | 204,689 |
| Seagate Technology PLC | COM | G7945M107 | 15,988 | 324,491 | SH | | SOLE | 0 | 271,578 | 0 | 52,913 |
| Synchrony Financial | COM | 87165B103 | 37,016 | 1,414,447 | SH | | SOLE | 0 | 1,186,041 | 0 | 228,406 |
| Trip.com Group Ltd. Sponsored ADR | COM | 89677Q107 | 3,136 | 100,721 | SH | | SOLE | 0 | 83,776 | 0 | 16,945 |
| Thor Industries, Inc. | COM | 885160101 | 6,315 | 66,296 | SH | | SOLE | 0 | 55,479 | 0 | 10,817 |
| Tencent Music Entertainment Group Sponsored ADR Cl | COM | 88034P109 | 5,280 | 357,450 | SH | | SOLE | 0 | 299,408 | 0 | 58,042 |
| Tribune Publishing Co. | COM | 89609W107 | 422 | 36,173 | SH | | SOLE | 0 | 30,833 | 0 | 5,340 |
| Tractor Supply Company | COM | 892356106 | 43,575 | 303,997 | SH | | SOLE | 0 | 254,738 | 0 | 49,259 |
| Taiwan Semiconductor Manufacturing Co., Ltd. Spons | COM | 874039100 | 108,756 | 1,341,502 | SH | | SOLE | 0 | 1,125,060 | 0 | 216,442 |
| Texas Instruments Incorporated | COM | 882508104 | 13,315 | 93,252 | SH | | SOLE | 0 | 78,171 | 0 | 15,081 |
| United Airlines Holdings, Inc. | COM | 910047109 | 10,571 | 304,192 | SH | | SOLE | 0 | 254,712 | 0 | 49,480 |
| Uber Technologies, Inc. | COM | 90353T100 | 11,312 | 310,087 | SH | | SOLE | 0 | 259,860 | 0 | 50,227 |
| Net 1 UEPS Technologies, Inc. | COM | 64107N206 | 1,543 | 457,730 | SH | | SOLE | 0 | 383,681 | 0 | 74,049 |
| Union Pacific Corporation | COM | 907818108 | 30,596 | 155,412 | SH | | SOLE | 0 | 130,185 | 0 | 25,227 |
| Marriott Vacations Worldwide Corporation | COM | 57164Y107 | 2,928 | 32,248 | SH | | SOLE | 0 | 27,000 | 0 | 5,248 |
| Valaris PLC Class A | COM | G9402V109 | 100 | 1,152,386 | SH | | SOLE | 0 | 969,859 | 0 | 182,527 |
| Veeco Instruments Inc. | COM | 922417100 | 943 | 80,846 | SH | | SOLE | 0 | 67,578 | 0 | 13,268 |
| VICI Properties Inc | COM | 925652109 | 3,655 | 156,380 | SH | | SOLE | 0 | 130,724 | 0 | 25,656 |
| Vipshop Holdings Ltd Sponsored ADR | COM | 92763W103 | 19,119 | 1,222,465 | SH | | SOLE | 0 | 1,022,502 | 0 | 199,963 |
| Venator Materials PLC | COM | G9329Z100 | 1,099 | 569,417 | SH | | SOLE | 0 | 477,245 | 0 | 92,172 |
| Vista Outdoor Inc | COM | 928377100 | 13,776 | 682,673 | SH | | SOLE | 0 | 572,865 | 0 | 109,808 |
| Western Digital Corporation | COM | 958102105 | 3,841 | 105,083 | SH | | SOLE | 0 | 87,812 | 0 | 17,271 |
| Wells Fargo & Company | COM | 949746101 | 96,878 | 4,120,725 | SH | | SOLE | 0 | 3,450,633 | 0 | 670,092 |
| Willis Towers Watson Public Limited Company | COM | G96629103 | 29,370 | 140,648 | SH | | SOLE | 0 | 117,752 | 0 | 22,896 |
| Walmart Inc. | COM | 931142103 | 20,990 | 150,025 | SH | | SOLE | 0 | 125,499 | 0 | 24,526 |
| WestRock Company | COM | 96145D105 | 3,772 | 108,571 | SH | | SOLE | 0 | 91,492 | 0 | 17,079 |
| Yandex NV Class A | COM | N97284108 | 27,137 | 415,892 | SH | | SOLE | 0 | 347,937 | 0 | 67,955 |
