Navellier & Associates 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

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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
Abbott Laboratories	COM	002824100	712,823	6,860	SH		SOLE		0	0	6,860
AbbVie, Inc.	COM	00287Y109	6,017,795	35,085	SH		SOLE		0	0	35,085
Abercrombie & Fitch Co. Class A	COM	002896207	5,396,910	30,347	SH		SOLE		0	0	30,347
Adobe Inc.	COM	00724F101	1,755,506	3,160	SH		SOLE		0	0	3,160
Advanced Micro Devices, Inc.	COM	007903107	309,983	1,911	SH		SOLE		0	0	1,911
Agilysys, Inc.	COM	00847J105	571,729	5,490	SH		SOLE		0	0	5,490
Alamos Gold Inc.	COM	011532108	2,646,674	168,793	SH		SOLE		0	0	168,793
Allison Transmission Holdings, Inc.	COM	01973R101	2,960,252	39,002	SH		SOLE		0	0	39,002
Allstate Corporation	COM	020002101	4,871,371	30,511	SH		SOLE		0	0	30,511
Alpha Metallurgical Resources, Inc.	COM	020764106	531,324	1,894	SH		SOLE		0	0	1,894
Alphabet Inc. Class A	COM	02079K305	1,811,492	9,945	SH		SOLE		0	0	9,945
Alphabet Inc. Class C	COM	02079K107	1,073,011	5,850	SH		SOLE		0	0	5,850
Amazon.com, Inc.	COM	023135106	3,486,810	18,043	SH		SOLE		0	0	18,043
Amdocs Limited	COM	G02602103	465,233	5,895	SH		SOLE		0	0	5,895
American Express Company	COM	025816109	793,290	3,426	SH		SOLE		0	0	3,426
American International Group, Inc.	COM	026874784	233,856	3,150	SH		SOLE		0	0	3,150
Ameriprise Financial, Inc.	COM	03076C106	262,722	615	SH		SOLE		0	0	615
Amgen Inc.	COM	031162100	4,842,350	15,498	SH		SOLE		0	0	15,498
Amkor Technology, Inc.	COM	031652100	673,296	16,824	SH		SOLE		0	0	16,824
Analog Devices, Inc.	COM	032654105	909,160	3,983	SH		SOLE		0	0	3,983
Aon Plc Class A	COM	G0403H108	251,011	855	SH		SOLE		0	0	855
Apollo Global Management Inc	COM	03769M106	676,305	5,728	SH		SOLE		0	0	5,728
AppFolio Inc Class A	COM	03783C100	244,570	1,000	SH		SOLE		0	0	1,000
Apple Inc.	COM	037833100	12,659,809	60,107	SH		SOLE		0	0	60,107
Applied Industrial Technologies, Inc.	COM	03820C105	694,326	3,579	SH		SOLE		0	0	3,579
Applied Materials, Inc.	COM	038222105	260,944	1,106	SH		SOLE		0	0	1,106
Arbor Realty Trust Inc	COM	038923108	289,810	20,196	SH		SOLE		0	0	20,196
Arch Capital Group Ltd.	COM	G0450A105	3,144,943	31,172	SH		SOLE		0	0	31,172
Archrock Inc.	COM	03957W106	5,230,995	258,704	SH		SOLE		0	0	258,704
Arcos Dorados Holdings, Inc. Class A	COM	G0457F107	145,944	16,216	SH		SOLE		0	0	16,216
Ardmore Shipping Corp.	COM	Y0207T100	1,106,944	49,132	SH		SOLE		0	0	49,132
Argan, Inc.	COM	04010E109	450,812	6,162	SH		SOLE		0	0	6,162
Arista Networks, Inc.	COM	040413106	6,559,584	18,716	SH		SOLE		0	0	18,716
Automatic Data Processing, Inc.	COM	053015103	480,085	2,011	SH		SOLE		0	0	2,011
Axon Enterprise Inc	COM	05464C101	4,350,044	14,784	SH		SOLE		0	0	14,784
Badger Meter, Inc.	COM	056525108	224,552	1,205	SH		SOLE		0	0	1,205
Bank of America Corp	COM	060505104	725,564	18,244	SH		SOLE		0	0	18,244
Bel Fuse Inc. Class B	COM	077347300	1,554,082	23,821	SH		SOLE		0	0	23,821
Biogen Inc.	COM	09062X103	501,658	2,164	SH		SOLE		0	0	2,164
BJ's Wholesale Club Holdings, Inc.	COM	05550J101	217,668	2,478	SH		SOLE		0	0	2,478
Blackstone Inc.	COM	09260D107	247,600	2,000	SH		SOLE		0	0	2,000
Boise Cascade Co.	COM	09739D100	789,713	6,624	SH		SOLE		0	0	6,624
Booz Allen Hamilton Holding Corporation Class A	COM	099502106	8,748,325	56,844	SH		SOLE		0	0	56,844
Boston Scientific Corporation	COM	101137107	382,740	4,970	SH		SOLE		0	0	4,970
BRF SA Sponsored ADR	COM	10552T107	934,541	229,617	SH		SOLE		0	0	229,617
Bristol-Myers Squibb Company	COM	110122108	591,844	14,251	SH		SOLE		0	0	14,251
Broadcom Inc.	COM	11135F101	8,699,188	5,418	SH		SOLE		0	0	5,418
Brown Advisory Small-Cap Fundamental Value Fund Investor Shs	COM	115233793	950,379	31,438	SH		SOLE		0	0	31,438
BWX Technologies, Inc.	COM	05605H100	2,542,010	26,758	SH		SOLE		0	0	26,758
Camtek Ltd	COM	M20791105	1,275,068	10,181	SH		SOLE		0	0	10,181
Carlisle Companies Incorporated	COM	142339100	4,920,465	12,143	SH		SOLE		0	0	12,143
Carpenter Technology Corporation	COM	144285103	3,107,908	28,362	SH		SOLE		0	0	28,362
Casey's General Stores, Inc.	COM	147528103	281,591	738	SH		SOLE		0	0	738
Catalyst Pharmaceuticals, Inc.	COM	14888U101	216,736	13,992	SH		SOLE		0	0	13,992
CDW Corporation	COM	12514G108	2,740,025	12,241	SH		SOLE		0	0	12,241
CECO Environmental Corp.	COM	125141101	2,583,027	89,533	SH		SOLE		0	0	89,533
Cemex SAB de CV Sponsored ADR	COM	151290889	1,623,341	254,044	SH		SOLE		0	0	254,044
Cencora, Inc.	COM	03073E105	4,614,650	20,482	SH		SOLE		0	0	20,482
Charles Schwab Corp	COM	808513105	836,750	11,355	SH		SOLE		0	0	11,355
Chevron Corporation	COM	166764100	3,397,202	21,718	SH		SOLE		0	0	21,718
Cipher Mining Inc	COM	17253J106	149,259	35,966	SH		SOLE		0	0	35,966
Cisco Systems, Inc.	COM	17275R102	386,788	8,141	SH		SOLE		0	0	8,141
Citigroup Inc.	COM	172967424	969,415	15,276	SH		SOLE		0	0	15,276
ClearPoint Neuro, Inc.	COM	18507C103	269,500	50,000	SH		SOLE		0	0	50,000
Cleveland-Cliffs Inc	COM	185899101	157,686	10,246	SH		SOLE		0	0	10,246
Coca-Cola Company	COM	191216100	1,713,903	26,927	SH		SOLE		0	0	26,927
Coca-Cola Consolidated, Inc.	COM	191098102	5,746,169	5,296	SH		SOLE		0	0	5,296
Colgate-Palmolive Company	COM	194162103	3,145,066	32,410	SH		SOLE		0	0	32,410
Comfort Systems USA, Inc.	COM	199908104	4,494,289	14,778	SH		SOLE		0	0	14,778
Compania de Minas Buenaventura SAA Sponsored ADR	COM	204448104	1,549,298	91,404	SH		SOLE		0	0	91,404
Compass Diversified Holdings	COM	20451Q104	1,444,631	65,995	SH		SOLE		0	0	65,995
ConocoPhillips	COM	20825C104	13,558,675	118,541	SH		SOLE		0	0	118,541
CONSOL Energy Inc	COM	20854L108	1,258,846	12,338	SH		SOLE		0	0	12,338
Consolidated Edison, Inc.	COM	209115104	358,998	4,015	SH		SOLE		0	0	4,015
Consolidated Water Co. Ltd.	COM	G23773107	2,420,315	91,195	SH		SOLE		0	0	91,195
Consumer Staples Select Sector SPDR Fund	COM	81369Y308	222,771	2,909	SH		SOLE		0	0	2,909
Cooper Companies, Inc.	COM	216648501	365,438	4,186	SH		SOLE		0	0	4,186
Copart, Inc.	COM	217204106	1,475,048	27,235	SH		SOLE		0	0	27,235
Corporacion America Airports S.A.	COM	L1995B107	845,079	50,786	SH		SOLE		0	0	50,786
Costco Wholesale Corporation	COM	22160K105	14,947,611	17,586	SH		SOLE		0	0	17,586
Coterra Energy Inc.	COM	127097103	508,224	19,056	SH		SOLE		0	0	19,056
CrowdStrike Holdings, Inc. Class A	COM	22788C105	11,364,266	29,657	SH		SOLE		0	0	29,657
CSP Inc.	COM	126389105	929,343	62,372	SH		SOLE		0	0	62,372
CSW Industrials, Inc.	COM	126402106	466,946	1,760	SH		SOLE		0	0	1,760
CVS Health Corporation	COM	126650100	217,046	3,675	SH		SOLE		0	0	3,675
CyberArk Software Ltd.	COM	M2682V108	2,257,356	8,256	SH		SOLE		0	0	8,256
Darden Restaurants, Inc.	COM	237194105	672,012	4,441	SH		SOLE		0	0	4,441
Deckers Outdoor Corporation	COM	243537107	4,776,833	4,935	SH		SOLE		0	0	4,935
Definitive Healthcare Corp. Class A	COM	24477E103	65,520	12,000	SH		SOLE		0	0	12,000
DHT Holdings, Inc.	COM	Y2065G121	445,075	38,468	SH		SOLE		0	0	38,468
Diamondback Energy, Inc.	COM	25278X109	1,950,051	9,741	SH		SOLE		0	0	9,741
Dick's Sporting Goods, Inc.	COM	253393102	1,887,457	8,785	SH		SOLE		0	0	8,785
Domino's Pizza, Inc.	COM	25754A201	5,246,976	10,162	SH		SOLE		0	0	10,162
Dorian LPG Ltd.	COM	Y2106R110	4,097,226	97,646	SH		SOLE		0	0	97,646
DuPont de Nemours, Inc.	COM	26614N102	274,954	3,416	SH		SOLE		0	0	3,416
e.l.f. Beauty, Inc.	COM	26856L103	9,446,788	44,831	SH		SOLE		0	0	44,831
Eaton Corp. Plc	COM	G29183103	11,905,494	37,970	SH		SOLE		0	0	37,970
Ecopetrol SA Sponsored ADR	COM	279158109	1,204,402	107,632	SH		SOLE		0	0	107,632
Eli Lilly and Company	COM	532457108	24,172,873	26,699	SH		SOLE		0	0	26,699
Eltek Ltd	COM	M40184208	829,930	85,121	SH		SOLE		0	0	85,121
EMCOR Group, Inc.	COM	29084Q100	23,682,035	64,868	SH		SOLE		0	0	64,868
Encore Wire Corporation	COM	292562105	715,590	2,469	SH		SOLE		0	0	2,469
Energy Services of America Corporation	COM	29271Q103	234,705	32,780	SH		SOLE		0	0	32,780
EOG Resources, Inc.	COM	26875P101	3,574,708	28,400	SH		SOLE		0	0	28,400
Extra Space Storage Inc.	COM	30225T102	562,442	3,619	SH		SOLE		0	0	3,619
Exxon Mobil Corporation	COM	30231G102	19,372,713	168,283	SH		SOLE		0	0	168,283
Ferrari NV	COM	N3167Y103	5,220,602	12,784	SH		SOLE		0	0	12,784
Fidelity MSCI Information Technology Index ETF	COM	316092808	2,761,472	16,100	SH		SOLE		0	0	16,100
Fidelity National Information Services, Inc.	COM	31620M106	361,247	4,794	SH		SOLE		0	0	4,794
Financial Select Sector SPDR Fund	COM	81369Y605	1,015,705	24,707	SH		SOLE		0	0	24,707
First Bancorp	COM	318672706	565,801	30,935	SH		SOLE		0	0	30,935
First Trust Consumer Staples AlphaDEX Fund	COM	33734X119	2,682,838	41,636	SH		SOLE		0	0	41,636
First Trust Energy AlphaDEX Fund	COM	33734X127	466,302	25,621	SH		SOLE		0	0	25,621
First Trust Financials AlphaDEX Fund	COM	33734X135	3,534,234	76,350	SH		SOLE		0	0	76,350
First Trust Health Care AlphaDEX Fund	COM	33734X143	3,271,902	31,304	SH		SOLE		0	0	31,304
First Trust Industrials/Producer Durables AlphaDEX Fund	COM	33734X150	3,225,201	47,388	SH		SOLE		0	0	47,388
First Trust NASDAQ-100 Technology Sector Index Fund	COM	337345102	466,402	2,362	SH		SOLE		0	0	2,362
First Trust NYSE Arca Biotechnology Index Fund	COM	33733E203	3,280,911	21,306	SH		SOLE		0	0	21,306
First Trust Technology AlphaDEX Fund	COM	33734X176	3,430,073	25,173	SH		SOLE		0	0	25,173
First Watch Restaurant Group, Inc.	COM	33748L101	360,788	20,546	SH		SOLE		0	0	20,546
General Dynamics Corporation	COM	369550108	3,415,528	11,772	SH		SOLE		0	0	11,772
Genuine Parts Company	COM	372460105	456,456	3,300	SH		SOLE		0	0	3,300
Genworth Financial, Inc.	COM	37247D106	164,934	27,307	SH		SOLE		0	0	27,307
Getty Realty Corp.	COM	374297109	346,392	12,993	SH		SOLE		0	0	12,993
GMS, Inc.	COM	36251C103	303,900	3,770	SH		SOLE		0	0	3,770
GoDaddy, Inc. Class A	COM	380237107	761,280	5,449	SH		SOLE		0	0	5,449
Golub Capital BDC, Inc.	COM	38173M102	384,597	24,481	SH		SOLE		0	0	24,481
Graham Corporation	COM	384556106	530,957	18,855	SH		SOLE		0	0	18,855
Halliburton Company	COM	406216101	573,652	16,982	SH		SOLE		0	0	16,982
Hamilton Beach Brands Holding Co. Class A	COM	40701T104	466,416	27,133	SH		SOLE		0	0	27,133
HCI Group, Inc.	COM	40416E103	854,232	9,268	SH		SOLE		0	0	9,268
Health Care Select Sector SPDR Fund	COM	81369Y209	1,023,748	7,024	SH		SOLE		0	0	7,024
HEICO Corporation	COM	422806109	708,844	3,170	SH		SOLE		0	0	3,170
Helmerich & Payne, Inc.	COM	423452101	400,034	11,069	SH		SOLE		0	0	11,069
Hershey Company	COM	427866108	470,384	2,559	SH		SOLE		0	0	2,559
Hess Midstream LP Class A	COM	428103105	247,063	6,780	SH		SOLE		0	0	6,780
Home Depot, Inc.	COM	437076102	1,662,875	4,831	SH		SOLE		0	0	4,831
Honeywell International Inc.	COM	438516106	719,919	3,371	SH		SOLE		0	0	3,371
Howmet Aerospace Inc.	COM	443201108	5,958,025	76,749	SH		SOLE		0	0	76,749
Hudson Technologies, Inc.	COM	444144109	985,438	112,109	SH		SOLE		0	0	112,109
Huntington Ingalls Industries, Inc.	COM	446413106	4,408,322	17,896	SH		SOLE		0	0	17,896
Idaho Strategic Resources Inc	COM	645827205	240,071	24,348	SH		SOLE		0	0	24,348
IES Holdings, Inc.	COM	44951W106	733,851	5,267	SH		SOLE		0	0	5,267
Imperial Oil Limited	COM	453038408	2,578,622	37,782	SH		SOLE		0	0	37,782
Ingredion Incorporated	COM	457187102	3,417,257	29,793	SH		SOLE		0	0	29,793
Insight Enterprises, Inc.	COM	45765U103	4,761,037	24,002	SH		SOLE		0	0	24,002
Intel Corporation	COM	458140100	624,913	20,178	SH		SOLE		0	0	20,178
Interactive Brokers Group, Inc. Class A	COM	45841N107	514,675	4,198	SH		SOLE		0	0	4,198
Intercontinental Exchange, Inc.	COM	45866F104	688,557	5,030	SH		SOLE		0	0	5,030
International Business Machines Corporation	COM	459200101	942,080	5,447	SH		SOLE		0	0	5,447
International General Insurance Holdings Ltd.	COM	G4809J106	881,776	62,984	SH		SOLE		0	0	62,984
International Seaways, Inc.	COM	Y41053102	1,482,389	25,070	SH		SOLE		0	0	25,070
Intuit Inc.	COM	461202103	212,279	323	SH		SOLE		0	0	323
Invesco QQQ Trust Series I	COM	46090E103	596,013	1,244	SH		SOLE		0	0	1,244
iShares Biotechnology ETF	COM	464287556	489,332	3,565	SH		SOLE		0	0	3,565
iShares Core S&P 500 ETF	COM	464287200	809,900	1,480	SH		SOLE		0	0	1,480
iShares Core S&P Mid-Cap ETF	COM	464287507	2,096,479	35,825	SH		SOLE		0	0	35,825
iShares Core S&P Small Cap ETF	COM	464287804	630,361	5,910	SH		SOLE		0	0	5,910
iShares Floating Rate Bond ETF	COM	46429B655	1,057,665	20,702	SH		SOLE		0	0	20,702
iShares MSCI ACWI ETF	COM	464288257	282,124	2,510	SH		SOLE		0	0	2,510
iShares MSCI EAFE Growth ETF	COM	464288885	2,724,556	26,633	SH		SOLE		0	0	26,633
iShares MSCI EAFE Value ETF	COM	464288877	1,767,982	33,333	SH		SOLE		0	0	33,333
iShares MSCI Japan ETF	COM	46434G822	515,758	7,558	SH		SOLE		0	0	7,558
iShares Short Treasury Bond ETF	COM	464288679	826,761	7,482	SH		SOLE		0	0	7,482
iShares Silver Trust	COM	46428Q109	241,415	9,086	SH		SOLE		0	0	9,086
iShares U.S. Consumer Discretionary ETF	COM	464287580	479,389	5,898	SH		SOLE		0	0	5,898
iShares U.S. Energy ETF	COM	464287796	771,168	16,066	SH		SOLE		0	0	16,066
iShares U.S. Financials ETF	COM	464287788	547,371	5,788	SH		SOLE		0	0	5,788
iShares U.S. Healthcare ETF	COM	464287762	479,376	7,824	SH		SOLE		0	0	7,824
iShares U.S. Industrials ETF	COM	464287754	1,225,335	10,259	SH		SOLE		0	0	10,259
iShares U.S. Technology ETF	COM	464287721	2,060,947	13,694	SH		SOLE		0	0	13,694
Itron, Inc.	COM	465741106	981,584	9,919	SH		SOLE		0	0	9,919
Ituran Location and Control Ltd.	COM	M6158M104	216,462	8,785	SH		SOLE		0	0	8,785
Johnson & Johnson	COM	478160104	2,639,357	18,058	SH		SOLE		0	0	18,058
JPMorgan Chase & Co.	COM	46625H100	1,949,786	9,640	SH		SOLE		0	0	9,640
Kimberly-Clark Corporation	COM	494368103	2,638,653	19,093	SH		SOLE		0	0	19,093
Kinsale Capital Group, Inc.	COM	49714P108	1,237,519	3,212	SH		SOLE		0	0	3,212
KLA Corporation	COM	482480100	3,006,163	3,646	SH		SOLE		0	0	3,646
Kroger Co.	COM	501044101	841,970	16,863	SH		SOLE		0	0	16,863
L'Oreal S.A.Unsponsored ADR	COM	502117203	260,609	2,965	SH		SOLE		0	0	2,965
Lam Research Corporation	COM	512807108	3,684,381	3,460	SH		SOLE		0	0	3,460
Lamar Advertising Company Class A	COM	512816109	709,389	5,935	SH		SOLE		0	0	5,935
Limbach Holdings, Inc.	COM	53263P105	1,096,984	19,269	SH		SOLE		0	0	19,269
Lockheed Martin Corporation	COM	539830109	2,937,297	6,288	SH		SOLE		0	0	6,288
Lowe's Companies, Inc.	COM	548661107	1,523,599	6,911	SH		SOLE		0	0	6,911
LPL Financial Holdings Inc.	COM	50212V100	1,361,308	4,874	SH		SOLE		0	0	4,874
LSI Industries Inc.	COM	50216C108	867,448	59,948	SH		SOLE		0	0	59,948
lululemon athletica inc.	COM	550021109	369,791	1,238	SH		SOLE		0	0	1,238
MakeMyTrip Ltd.	COM	V5633W109	3,260,389	38,768	SH		SOLE		0	0	38,768
Mama's Creations, Inc.	COM	56146T103	587,479	87,163	SH		SOLE		0	0	87,163
Marathon Oil Corporation	COM	565849106	343,094	11,967	SH		SOLE		0	0	11,967
Marathon Petroleum Corporation	COM	56585A102	6,290,098	36,258	SH		SOLE		0	0	36,258
Masimo Corporation	COM	574795100	794,681	6,310	SH		SOLE		0	0	6,310
MasTec, Inc.	COM	576323109	208,096	1,945	SH		SOLE		0	0	1,945
Mastercard Incorporated Class A	COM	57636Q104	762,324	1,728	SH		SOLE		0	0	1,728
Matson, Inc.	COM	57686G105	312,232	2,384	SH		SOLE		0	0	2,384
McDonald's Corporation	COM	580135101	1,567,266	6,150	SH		SOLE		0	0	6,150
McKesson Corporation	COM	58155Q103	245,881	421	SH		SOLE		0	0	421
Merck & Co., Inc.	COM	58933Y105	1,916,276	15,479	SH		SOLE		0	0	15,479
Meta Platforms Inc Class A	COM	30303M102	5,391,088	10,692	SH		SOLE		0	0	10,692
Microchip Technology Incorporated	COM	595017104	217,404	2,376	SH		SOLE		0	0	2,376
Microsoft Corporation	COM	594918104	15,555,189	34,803	SH		SOLE		0	0	34,803
MINISO Group Holding Ltd. Sponsored ADR	COM	66981J102	1,268,613	66,524	SH		SOLE		0	0	66,524
Modine Manufacturing Company	COM	607828100	2,300,663	22,963	SH		SOLE		0	0	22,963
Monolithic Power Systems, Inc.	COM	609839105	464,249	565	SH		SOLE		0	0	565
MSC Industrial Direct Co., Inc. Class A	COM	553530106	1,311,470	16,536	SH		SOLE		0	0	16,536
MSCI Inc. Class A	COM	55354G100	917,252	1,904	SH		SOLE		0	0	1,904
Mueller Industries, Inc.	COM	624756102	1,013,475	17,799	SH		SOLE		0	0	17,799
NAPCO Security Technologies, Inc.	COM	630402105	2,951,124	56,807	SH		SOLE		0	0	56,807
Nasdaq, Inc.	COM	631103108	250,289	4,153	SH		SOLE		0	0	4,153
National Fuel Gas Company	COM	636180101	673,202	12,423	SH		SOLE		0	0	12,423
National HealthCare Corporation	COM	635906100	786,442	7,255	SH		SOLE		0	0	7,255
National Storage Affiliates Trust	COM	637870106	560,180	13,590	SH		SOLE		0	0	13,590
Nestle S.A. Sponsored ADR	COM	641069406	593,493	5,793	SH		SOLE		0	0	5,793
NetApp, Inc.	COM	64110D104	6,011,998	46,677	SH		SOLE		0	0	46,677
Nexstar Media Group, Inc.	COM	65336K103	3,189,052	19,210	SH		SOLE		0	0	19,210
NextEra Energy, Inc.	COM	65339F101	854,825	12,072	SH		SOLE		0	0	12,072
Nordson Corporation	COM	655663102	487,538	2,102	SH		SOLE		0	0	2,102
Norfolk Southern Corporation	COM	655844108	794,353	3,700	SH		SOLE		0	0	3,700
Northern Oil and Gas, Inc.	COM	665531307	212,724	5,723	SH		SOLE		0	0	5,723
Northern Technologies International Corporation	COM	665809109	165,600	10,000	SH		SOLE		0	0	10,000
Northrop Grumman Corp.	COM	666807102	337,621	774	SH		SOLE		0	0	774
Nova Ltd.	COM	M7516K103	334,205	1,425	SH		SOLE		0	0	1,425
Novo Nordisk A/S Sponsored ADR Class B	COM	670100205	17,958,262	125,811	SH		SOLE		0	0	125,811
NRG Energy, Inc.	COM	629377508	1,854,392	23,817	SH		SOLE		0	0	23,817
Nutanix, Inc. Class A	COM	67059N108	4,707,976	82,814	SH		SOLE		0	0	82,814
NVIDIA Corporation	COM	67066G104	74,265,384	601,144	SH		SOLE		0	0	601,144
Oil-Dri Corporation of America	COM	677864100	339,677	5,300	SH		SOLE		0	0	5,300
Old Dominion Freight Line, Inc.	COM	679580100	443,619	2,512	SH		SOLE		0	0	2,512
Old Republic International Corporation	COM	680223104	589,587	19,080	SH		SOLE		0	0	19,080
ON Semiconductor Corporation	COM	682189105	472,172	6,888	SH		SOLE		0	0	6,888
ONEOK, Inc.	COM	682680103	693,066	8,499	SH		SOLE		0	0	8,499
Opera Limited Sponsored ADR	COM	68373M107	1,187,784	84,600	SH		SOLE		0	0	84,600
Oracle Corporation	COM	68389X105	359,213	2,544	SH		SOLE		0	0	2,544
PACCAR Inc	COM	693718108	9,063,801	88,049	SH		SOLE		0	0	88,049
Palantir Technologies Inc. Class A	COM	69608A108	849,695	33,545	SH		SOLE		0	0	33,545
Palo Alto Networks, Inc.	COM	697435105	629,881	1,858	SH		SOLE		0	0	1,858
Panasonic Holdings Corporation Unsponsored ADR	COM	69832A304	479,619	58,583	SH		SOLE		0	0	58,583
Parker-Hannifin Corporation	COM	701094104	303,486	600	SH		SOLE		0	0	600
Parsons Corporation	COM	70202L102	6,907,300	84,431	SH		SOLE		0	0	84,431
Paymentus Holdings, Inc Class A	COM	70439P108	1,577,722	83,038	SH		SOLE		0	0	83,038
PDD Holdings Inc. Sponsored ADR Class A	COM	722304102	1,343,992	10,109	SH		SOLE		0	0	10,109
PennyMac Financial Services, Inc.	COM	70932M107	236,500	2,500	SH		SOLE		0	0	2,500
PepsiCo, Inc.	COM	713448108	5,157,820	31,273	SH		SOLE		0	0	31,273
Permian Resources Corporation Class A	COM	71424F105	822,778	50,946	SH		SOLE		0	0	50,946
Pfizer Inc.	COM	717081103	409,012	14,618	SH		SOLE		0	0	14,618
Philip Morris International Inc.	COM	718172109	330,336	3,260	SH		SOLE		0	0	3,260
Phillips 66	COM	718546104	12,037,165	85,267	SH		SOLE		0	0	85,267
Porsche Automobil Holding SE Unsponsored ADR	COM	73328P106	264,654	58,500	SH		SOLE		0	0	58,500
Powell Industries, Inc.	COM	739128106	4,341,578	30,276	SH		SOLE		0	0	30,276
PPG Industries, Inc.	COM	693506107	425,256	3,378	SH		SOLE		0	0	3,378
Procter & Gamble Company	COM	742718109	3,744,179	22,703	SH		SOLE		0	0	22,703
Profire Energy, Inc.	COM	74316X101	73,928	52,062	SH		SOLE		0	0	52,062
Progressive Corporation	COM	743315103	8,240,481	39,673	SH		SOLE		0	0	39,673
Quanta Services, Inc.	COM	74762E102	18,574,002	73,100	SH		SOLE		0	0	73,100
RadNet, Inc.	COM	750491102	558,267	9,475	SH		SOLE		0	0	9,475
REV Group, Inc.	COM	749527107	831,401	33,403	SH		SOLE		0	0	33,403
Rio Tinto plc Sponsored ADR	COM	767204100	3,289,780	49,898	SH		SOLE		0	0	49,898
Royal Caribbean Group	COM	V7780T103	10,350,993	64,925	SH		SOLE		0	0	64,925
RTX Corporation	COM	75513E101	668,483	6,659	SH		SOLE		0	0	6,659
S&P Global, Inc.	COM	78409V104	635,996	1,426	SH		SOLE		0	0	1,426
Safe Bulkers, Inc.	COM	Y7388L103	525,843	90,351	SH		SOLE		0	0	90,351
Salesforce, Inc.	COM	79466L302	1,246,429	4,848	SH		SOLE		0	0	4,848
Sanmina Corporation	COM	801056102	354,040	5,344	SH		SOLE		0	0	5,344
Scorpio Tankers Inc.	COM	Y7542C130	810,136	9,966	SH		SOLE		0	0	9,966
Seanergy Maritime Holdings Corp.	COM	Y73760400	1,972,480	199,846	SH		SOLE		0	0	199,846
ServiceNow, Inc.	COM	81762P102	1,366,446	1,737	SH		SOLE		0	0	1,737
SFL Corporation Limited	COM	G7738W106	862,406	62,133	SH		SOLE		0	0	62,133
Shell Plc Sponsored ADR	COM	780259305	1,329,700	18,422	SH		SOLE		0	0	18,422
Sinovac Biotech Ltd.	COM	P8696W104	0	14,167	SH		SOLE		0	0	14,167
SPDR Gold Shares	COM	78463V107	1,686,753	7,845	SH		SOLE		0	0	7,845
SPDR S&P 500 ETF Trust	COM	78462F103	1,699,055	3,122	SH		SOLE		0	0	3,122
Sprouts Farmers Market, Inc.	COM	85208M102	577,589	6,904	SH		SOLE		0	0	6,904
SPX Technologies, Inc.	COM	78473E103	1,729,560	12,168	SH		SOLE		0	0	12,168
StealthGas Inc.	COM	Y81669106	474,273	64,527	SH		SOLE		0	0	64,527
Steel Dynamics, Inc.	COM	858119100	1,218,725	9,411	SH		SOLE		0	0	9,411
Sterling Infrastructure, Inc.	COM	859241101	602,942	5,095	SH		SOLE		0	0	5,095
StoneCo Ltd. Class A	COM	G85158106	323,202	26,956	SH		SOLE		0	0	26,956
StoneX Group Inc.	COM	861896108	589,376	7,826	SH		SOLE		0	0	7,826
SunCoke Energy, Inc.	COM	86722A103	110,152	11,240	SH		SOLE		0	0	11,240
Super Micro Computer, Inc.	COM	86800U104	34,049,728	41,557	SH		SOLE		0	0	41,557
Synovus Financial Corp.	COM	87161C501	209,310	5,208	SH		SOLE		0	0	5,208
T-Mobile US, Inc.	COM	872590104	207,012	1,175	SH		SOLE		0	0	1,175
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR	COM	874039100	216,915	1,248	SH		SOLE		0	0	1,248
Targa Resources Corp.	COM	87612G101	8,134,867	63,169	SH		SOLE		0	0	63,169
TechnipFMC plc	COM	G87110105	2,189,121	83,714	SH		SOLE		0	0	83,714
Teekay Corporation	COM	Y8564W103	646,271	72,048	SH		SOLE		0	0	72,048
Telefonica Brasil SA Sponsored ADR	COM	87936R205	613,927	74,778	SH		SOLE		0	0	74,778
Tetra Tech, Inc.	COM	88162G103	535,533	2,619	SH		SOLE		0	0	2,619
Texas Instruments Incorporated	COM	882508104	798,926	4,107	SH		SOLE		0	0	4,107
Thermo Fisher Scientific Inc.	COM	883556102	508,760	920	SH		SOLE		0	0	920
Tidewater Inc	COM	88642R109	1,372,262	14,413	SH		SOLE		0	0	14,413
Toll Brothers, Inc.	COM	889478103	11,224,234	97,450	SH		SOLE		0	0	97,450
TopBuild Corp.	COM	89055F103	4,624,011	12,002	SH		SOLE		0	0	12,002
TPG Inc Class A	COM	872657101	425,360	10,262	SH		SOLE		0	0	10,262
TransDigm Group Incorporated	COM	893641100	4,559,790	3,569	SH		SOLE		0	0	3,569
Tyler Technologies, Inc.	COM	902252105	1,571,188	3,125	SH		SOLE		0	0	3,125
UFP Technologies, Inc.	COM	902673102	2,434,465	9,226	SH		SOLE		0	0	9,226
Ultralife Corporation	COM	903899102	576,889	54,321	SH		SOLE		0	0	54,321
Ultrapar Participacoes S.A. Sponsored ADR	COM	90400P101	544,209	139,184	SH		SOLE		0	0	139,184
Unilever PLC Sponsored ADR	COM	904767704	631,945	11,492	SH		SOLE		0	0	11,492
Union Pacific Corporation	COM	907818108	1,944,252	8,593	SH		SOLE		0	0	8,593
United States Lime & Minerals, Inc.	COM	911922102	594,342	1,632	SH		SOLE		0	0	1,632
UnitedHealth Group Incorporated	COM	91324P102	803,869	1,579	SH		SOLE		0	0	1,579
Universal Corp	COM	913456109	3,559,630	73,867	SH		SOLE		0	0	73,867
Universal Stainless & Alloy Products, Inc.	COM	913837100	456,534	16,674	SH		SOLE		0	0	16,674
Universal Technical Institute, Inc.	COM	913915104	2,563,408	162,963	SH		SOLE		0	0	162,963
Uranium Energy Corp.	COM	916896103	497,508	82,780	SH		SOLE		0	0	82,780
VAALCO Energy, Inc.	COM	91851C201	1,494,047	238,285	SH		SOLE		0	0	238,285
Valero Energy Corporation	COM	91913Y100	3,141,941	20,043	SH		SOLE		0	0	20,043
Vanguard Dividend Appreciation ETF	COM	921908844	315,158	1,726	SH		SOLE		0	0	1,726
Vanguard FTSE All-World ex-US Index Fund	COM	922042775	309,971	5,286	SH		SOLE		0	0	5,286
Vanguard FTSE Europe ETF	COM	922042874	992,937	14,871	SH		SOLE		0	0	14,871
Verizon Communications Inc.	COM	92343V104	1,312,668	31,830	SH		SOLE		0	0	31,830
Vertex Pharmaceuticals Incorporated	COM	92532F100	5,484,493	11,701	SH		SOLE		0	0	11,701
Vertiv Holdings Co. Class A	COM	92537N108	8,342,583	96,368	SH		SOLE		0	0	96,368
Viper Energy, Inc.	COM	927959106	2,959,691	78,862	SH		SOLE		0	0	78,862
Visa Inc. Class A	COM	92826C839	668,774	2,548	SH		SOLE		0	0	2,548
Vista Energy SAB de CV Sponsored ADR Class A	COM	92837L109	7,505,701	165,033	SH		SOLE		0	0	165,033
Vistra Corp.	COM	92840M102	10,022,737	116,571	SH		SOLE		0	0	116,571
Vital Farms, Inc.	COM	92847W103	2,894,876	61,896	SH		SOLE		0	0	61,896
Volkswagen AG Unsponsored ADR	COM	928662600	1,467,702	122,166	SH		SOLE		0	0	122,166
Walmart Inc.	COM	931142103	468,215	6,915	SH		SOLE		0	0	6,915
Walt Disney Company	COM	254687106	712,022	7,171	SH		SOLE		0	0	7,171
Wasatch Core Growth Fund	COM	936772201	843,061	9,674	SH		SOLE		0	0	9,674
Waste Connections, Inc.	COM	94106B101	728,796	4,156	SH		SOLE		0	0	4,156
Waste Management, Inc.	COM	94106L109	217,134	1,018	SH		SOLE		0	0	1,018
Weatherford International plc	COM	G48833118	1,395,073	11,393	SH		SOLE		0	0	11,393
Wingstop, Inc.	COM	974155103	1,255,723	2,971	SH		SOLE		0	0	2,971
Wintrust Financial Corporation	COM	97650W108	567,016	5,753	SH		SOLE		0	0	5,753
WisdomTree, Inc.	COM	97717P104	149,720	15,108	SH		SOLE		0	0	15,108
Woodward, Inc.	COM	980745103	1,487,287	8,529	SH		SOLE		0	0	8,529
Wynn Resorts, Limited	COM	983134107	691,567	7,727	SH		SOLE		0	0	7,727
Xylem Inc.	COM	98419M100	223,598	1,649	SH		SOLE		0	0	1,649
YPF SA Sponsored ADR Class D	COM	984245100	1,175,913	58,445	SH		SOLE		0	0	58,445
Yum! Brands, Inc.	COM	988498101	528,355	3,989	SH		SOLE		0	0	3,989