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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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	782,109	6,860	SH		SOLE		0	0	6,860
AbbVie, Inc.	COM	00287Y109	6,659,531	33,723	SH		SOLE		0	0	33,723
Abercrombie & Fitch Co. Class A	COM	002896207	6,197,850	44,302	SH		SOLE		0	0	44,302
Accenture Plc Class A	COM	G1151C101	215,623	610	SH		SOLE		0	0	610
Adobe Inc.	COM	00724F101	1,620,651	3,130	SH		SOLE		0	0	3,130
Advanced Micro Devices, Inc.	COM	007903107	304,204	1,854	SH		SOLE		0	0	1,854
Agilysys, Inc.	COM	00847J105	357,857	3,284	SH		SOLE		0	0	3,284
Agnico Eagle Mines Limited	COM	008474108	4,646,056	57,672	SH		SOLE		0	0	57,672
Alamos Gold Inc.	COM	011532108	3,104,518	155,693	SH		SOLE		0	0	155,693
Allison Transmission Holdings, Inc.	COM	01973R101	3,560,931	37,066	SH		SOLE		0	0	37,066
Allstate Corporation	COM	020002101	5,910,211	31,164	SH		SOLE		0	0	31,164
Alpha Metallurgical Resources, Inc.	COM	020764106	282,707	1,197	SH		SOLE		0	0	1,197
Alphabet Inc. Class A	COM	02079K305	1,591,331	9,595	SH		SOLE		0	0	9,595
Alphabet Inc. Class C	COM	02079K107	974,718	5,830	SH		SOLE		0	0	5,830
Amazon.com, Inc.	COM	023135106	3,301,022	17,716	SH		SOLE		0	0	17,716
Amdocs Limited	COM	G02602103	419,204	4,792	SH		SOLE		0	0	4,792
American Express Company	COM	025816109	515,280	1,900	SH		SOLE		0	0	1,900
American International Group, Inc.	COM	026874784	230,674	3,150	SH		SOLE		0	0	3,150
Ameriprise Financial, Inc.	COM	03076C106	288,933	615	SH		SOLE		0	0	615
Amgen Inc.	COM	031162100	4,774,186	14,817	SH		SOLE		0	0	14,817
Amkor Technology, Inc.	COM	031652100	410,591	13,418	SH		SOLE		0	0	13,418
Analog Devices, Inc.	COM	032654105	876,948	3,810	SH		SOLE		0	0	3,810
Aon Plc Class A	COM	G0403H108	295,821	855	SH		SOLE		0	0	855
Apollo Global Management Inc	COM	03769M106	544,857	4,362	SH		SOLE		0	0	4,362
AppFolio Inc Class A	COM	03783C100	235,400	1,000	SH		SOLE		0	0	1,000
Apple Inc.	COM	037833100	13,428,787	57,634	SH		SOLE		0	0	57,634
Applied Industrial Technologies, Inc.	COM	03820C105	608,922	2,729	SH		SOLE		0	0	2,729
Applied Materials, Inc.	COM	038222105	220,867	1,093	SH		SOLE		0	0	1,093
Arbor Realty Trust Inc	COM	038923108	280,308	18,015	SH		SOLE		0	0	18,015
Arch Capital Group Ltd.	COM	G0450A105	3,439,751	30,745	SH		SOLE		0	0	30,745
Archrock Inc.	COM	03957W106	4,344,597	214,654	SH		SOLE		0	0	214,654
Arcos Dorados Holdings, Inc. Class A	COM	G0457F107	179,266	20,558	SH		SOLE		0	0	20,558
Ardmore Shipping Corp.	COM	Y0207T100	967,608	53,459	SH		SOLE		0	0	53,459
Argan, Inc.	COM	04010E109	803,630	7,923	SH		SOLE		0	0	7,923
Arista Networks, Inc.	COM	040413106	5,637,932	14,689	SH		SOLE		0	0	14,689
Automatic Data Processing, Inc.	COM	053015103	434,315	1,569	SH		SOLE		0	0	1,569
Axon Enterprise Inc	COM	05464C101	5,545,649	13,878	SH		SOLE		0	0	13,878
Bank of America Corp	COM	060505104	507,904	12,800	SH		SOLE		0	0	12,800
Bel Fuse Inc. Class B	COM	077347300	1,094,194	13,937	SH		SOLE		0	0	13,937
Biogen Inc.	COM	09062X103	419,470	2,164	SH		SOLE		0	0	2,164
Blackstone Inc.	COM	09260D107	306,260	2,000	SH		SOLE		0	0	2,000
Blue Bird Corporation	COM	095306106	284,882	5,940	SH		SOLE		0	0	5,940
Boise Cascade Co.	COM	09739D100	709,834	5,035	SH		SOLE		0	0	5,035
Booz Allen Hamilton Holding Corporation Class A	COM	099502106	3,685,410	22,643	SH		SOLE		0	0	22,643
Boston Scientific Corporation	COM	101137107	416,486	4,970	SH		SOLE		0	0	4,970
BRF SA Sponsored ADR	COM	10552T107	999,546	228,729	SH		SOLE		0	0	228,729
Bristol-Myers Squibb Company	COM	110122108	522,574	10,100	SH		SOLE		0	0	10,100
Broadcom Inc.	COM	11135F101	2,724,737	15,796	SH		SOLE		0	0	15,796
Brown Advisory Small-Cap Fundamental Value Fund Investor Shs	COM	115233793	1,049,410	31,438	SH		SOLE		0	0	31,438
BWX Technologies, Inc.	COM	05605H100	2,789,025	25,658	SH		SOLE		0	0	25,658
Cadre Holdings, Inc.	COM	12763L105	377,527	9,948	SH		SOLE		0	0	9,948
Camtek Ltd	COM	M20791105	805,367	10,086	SH		SOLE		0	0	10,086
Carlisle Companies Incorporated	COM	142339100	5,124,500	11,394	SH		SOLE		0	0	11,394
Carpenter Technology Corporation	COM	144285103	4,370,737	27,389	SH		SOLE		0	0	27,389
Carrier Global Corp.	COM	14448C104	250,324	3,110	SH		SOLE		0	0	3,110
Casey's General Stores, Inc.	COM	147528103	277,274	738	SH		SOLE		0	0	738
Catalyst Pharmaceuticals, Inc.	COM	14888U101	244,405	12,294	SH		SOLE		0	0	12,294
CDW Corporation	COM	12514G108	2,650,878	11,714	SH		SOLE		0	0	11,714
CECO Environmental Corp.	COM	125141101	1,872,113	66,387	SH		SOLE		0	0	66,387
Cencora, Inc.	COM	03073E105	4,338,958	19,277	SH		SOLE		0	0	19,277
Charles Schwab Corp	COM	808513105	524,961	8,100	SH		SOLE		0	0	8,100
Chevron Corporation	COM	166764100	2,696,501	18,310	SH		SOLE		0	0	18,310
Cipher Mining Inc	COM	17253J106	125,845	32,518	SH		SOLE		0	0	32,518
Cisco Systems, Inc.	COM	17275R102	323,897	6,086	SH		SOLE		0	0	6,086
Citigroup Inc.	COM	172967424	751,075	11,998	SH		SOLE		0	0	11,998
ClearPoint Neuro, Inc.	COM	18507C103	560,500	50,000	SH		SOLE		0	0	50,000
Climb Global Solutions, Inc.	COM	946760105	322,211	3,237	SH		SOLE		0	0	3,237
Coca-Cola Company	COM	191216100	1,551,646	21,593	SH		SOLE		0	0	21,593
Coca-Cola Consolidated, Inc.	COM	191098102	11,727,824	8,909	SH		SOLE		0	0	8,909
Coeur Mining, Inc.	COM	192108504	294,134	42,752	SH		SOLE		0	0	42,752
Colgate-Palmolive Company	COM	194162103	3,188,836	30,718	SH		SOLE		0	0	30,718
Comfort Systems USA, Inc.	COM	199908104	4,743,157	12,151	SH		SOLE		0	0	12,151
Compania de Minas Buenaventura SAA Sponsored ADR	COM	204448104	1,237,517	89,416	SH		SOLE		0	0	89,416
Compass Diversified Holdings	COM	20451Q104	1,460,469	65,995	SH		SOLE		0	0	65,995
ConocoPhillips	COM	20825C104	5,348,329	50,801	SH		SOLE		0	0	50,801
CONSOL Energy Inc	COM	20854L108	277,741	2,654	SH		SOLE		0	0	2,654
Consolidated Edison, Inc.	COM	209115104	326,975	3,140	SH		SOLE		0	0	3,140
Consumer Discretionary Select Sector SPDR Fund	COM	81369Y407	919,298	4,588	SH		SOLE		0	0	4,588
Consumer Staples Select Sector SPDR Fund	COM	81369Y308	862,951	10,397	SH		SOLE		0	0	10,397
Cooper Companies, Inc.	COM	216648501	352,316	3,193	SH		SOLE		0	0	3,193
Copart, Inc.	COM	217204106	1,075,038	20,516	SH		SOLE		0	0	20,516
Costamare Inc.	COM	Y1771G102	408,044	25,957	SH		SOLE		0	0	25,957
Costco Wholesale Corporation	COM	22160K105	19,184,429	21,640	SH		SOLE		0	0	21,640
CrowdStrike Holdings, Inc. Class A	COM	22788C105	7,570,727	26,993	SH		SOLE		0	0	26,993
CSP Inc.	COM	126389105	493,958	38,026	SH		SOLE		0	0	38,026
CSW Industrials, Inc.	COM	126402106	380,679	1,039	SH		SOLE		0	0	1,039
CVS Health Corporation	COM	126650100	231,084	3,675	SH		SOLE		0	0	3,675
CyberArk Software Ltd.	COM	M2682V108	2,353,001	8,069	SH		SOLE		0	0	8,069
D.R. Horton, Inc.	COM	23331A109	209,847	1,100	SH		SOLE		0	0	1,100
Darden Restaurants, Inc.	COM	237194105	547,538	3,336	SH		SOLE		0	0	3,336
Deckers Outdoor Corporation	COM	243537107	4,466,992	28,015	SH		SOLE		0	0	28,015
Definitive Healthcare Corp. Class A	COM	24477E103	44,700	10,000	SH		SOLE		0	0	10,000
DHT Holdings, Inc.	COM	Y2065G121	281,651	25,535	SH		SOLE		0	0	25,535
Diamondback Energy, Inc.	COM	25278X109	1,613,664	9,360	SH		SOLE		0	0	9,360
Dick's Sporting Goods, Inc.	COM	253393102	866,731	4,153	SH		SOLE		0	0	4,153
Dorian LPG Ltd.	COM	Y2106R110	2,640,909	76,726	SH		SOLE		0	0	76,726
DuPont de Nemours, Inc.	COM	26614N102	304,400	3,416	SH		SOLE		0	0	3,416
e.l.f. Beauty, Inc.	COM	26856L103	432,086	3,963	SH		SOLE		0	0	3,963
Eaton Corp. Plc	COM	G29183103	7,299,966	22,025	SH		SOLE		0	0	22,025
Eldorado Gold Corporation	COM	284902509	878,140	50,555	SH		SOLE		0	0	50,555
Electromed, Inc.	COM	285409108	368,425	17,160	SH		SOLE		0	0	17,160
Eli Lilly and Company	COM	532457108	22,122,992	24,971	SH		SOLE		0	0	24,971
Eltek Ltd	COM	M40184208	163,890	15,022	SH		SOLE		0	0	15,022
Embraer S.A. Sponsored ADR	COM	29082A107	1,252,452	35,410	SH		SOLE		0	0	35,410
EMCOR Group, Inc.	COM	29084Q100	26,182,743	60,815	SH		SOLE		0	0	60,815
Energy Services of America Corporation	COM	29271Q103	309,871	32,618	SH		SOLE		0	0	32,618
EOG Resources, Inc.	COM	26875P101	3,308,046	26,910	SH		SOLE		0	0	26,910
Exelixis, Inc.	COM	30161Q104	572,716	22,070	SH		SOLE		0	0	22,070
Extra Space Storage Inc.	COM	30225T102	518,479	2,877	SH		SOLE		0	0	2,877
Exxon Mobil Corporation	COM	30231G102	8,293,503	70,752	SH		SOLE		0	0	70,752
Ferrari NV	COM	N3167Y103	5,653,543	12,026	SH		SOLE		0	0	12,026
Fidelity MSCI Information Technology Index ETF	COM	316092808	2,809,450	16,100	SH		SOLE		0	0	16,100
Fidelity National Information Services, Inc.	COM	31620M106	402,016	4,800	SH		SOLE		0	0	4,800
Financial Select Sector SPDR Fund	COM	81369Y605	961,373	21,213	SH		SOLE		0	0	21,213
First Bancorp	COM	318672706	527,535	24,919	SH		SOLE		0	0	24,919
First Trust Consumer Discretionary AlphaDEX Fund	COM	33734X101	2,729,571	43,128	SH		SOLE		0	0	43,128
First Trust Consumer Staples AlphaDEX Fund	COM	33734X119	2,589,817	37,903	SH		SOLE		0	0	37,903
First Trust Financials AlphaDEX Fund	COM	33734X135	3,020,014	59,065	SH		SOLE		0	0	59,065
First Trust Health Care AlphaDEX Fund	COM	33734X143	2,733,029	24,432	SH		SOLE		0	0	24,432
First Trust Industrials/Producer Durables AlphaDEX Fund	COM	33734X150	2,736,527	36,121	SH		SOLE		0	0	36,121
First Trust NYSE Arca Biotechnology Index Fund	COM	33733E203	2,950,147	17,159	SH		SOLE		0	0	17,159
Fortinet, Inc.	COM	34959E109	203,569	2,625	SH		SOLE		0	0	2,625
General Dynamics Corporation	COM	369550108	3,410,629	11,286	SH		SOLE		0	0	11,286
Genuine Parts Company	COM	372460105	470,163	3,366	SH		SOLE		0	0	3,366
Genworth Financial, Inc.	COM	37247D106	169,106	24,687	SH		SOLE		0	0	24,687
Getty Realty Corp.	COM	374297109	314,792	9,896	SH		SOLE		0	0	9,896
GoDaddy, Inc. Class A	COM	380237107	621,476	3,964	SH		SOLE		0	0	3,964
Golub Capital BDC, Inc.	COM	38173M102	281,560	18,634	SH		SOLE		0	0	18,634
Graham Corporation	COM	384556106	326,378	11,030	SH		SOLE		0	0	11,030
Guidewire Software, Inc.	COM	40171V100	4,816,993	26,331	SH		SOLE		0	0	26,331
Hamilton Beach Brands Holding Co. Class A	COM	40701T104	477,690	15,698	SH		SOLE		0	0	15,698
HCI Group, Inc.	COM	40416E103	979,706	9,151	SH		SOLE		0	0	9,151
Health Care Select Sector SPDR Fund	COM	81369Y209	846,340	5,495	SH		SOLE		0	0	5,495
HEICO Corporation	COM	422806109	630,167	2,410	SH		SOLE		0	0	2,410
Hershey Company	COM	427866108	492,718	2,569	SH		SOLE		0	0	2,569
Home Depot, Inc.	COM	437076102	1,720,480	4,246	SH		SOLE		0	0	4,246
Honeywell International Inc.	COM	438516106	596,457	2,885	SH		SOLE		0	0	2,885
Howmet Aerospace Inc.	COM	443201108	6,826,435	68,094	SH		SOLE		0	0	68,094
Huntington Ingalls Industries, Inc.	COM	446413106	4,531,738	17,141	SH		SOLE		0	0	17,141
Idaho Strategic Resources Inc	COM	645827205	800,559	49,817	SH		SOLE		0	0	49,817
IES Holdings, Inc.	COM	44951W106	606,246	3,037	SH		SOLE		0	0	3,037
Imperial Oil Limited	COM	453038408	2,558,603	36,318	SH		SOLE		0	0	36,318
Ingredion Incorporated	COM	457187102	3,921,702	28,536	SH		SOLE		0	0	28,536
Insight Enterprises, Inc.	COM	45765U103	4,831,844	22,433	SH		SOLE		0	0	22,433
Intel Corporation	COM	458140100	386,949	16,494	SH		SOLE		0	0	16,494
Interactive Brokers Group, Inc. Class A	COM	45841N107	447,206	3,209	SH		SOLE		0	0	3,209
Intercontinental Exchange, Inc.	COM	45866F104	808,019	5,030	SH		SOLE		0	0	5,030
International Business Machines Corporation	COM	459200101	908,738	4,110	SH		SOLE		0	0	4,110
International General Insurance Holdings Ltd.	COM	G4809J106	681,074	35,846	SH		SOLE		0	0	35,846
International Seaways, Inc.	COM	Y41053102	1,054,350	20,449	SH		SOLE		0	0	20,449
Intuit Inc.	COM	461202103	200,583	323	SH		SOLE		0	0	323
iShares Core S&P 500 ETF	COM	464287200	853,694	1,480	SH		SOLE		0	0	1,480
iShares Core S&P Mid-Cap ETF	COM	464287507	1,001,794	16,075	SH		SOLE		0	0	16,075
iShares Core S&P Small Cap ETF	COM	464287804	691,234	5,910	SH		SOLE		0	0	5,910
iShares MSCI Canada ETF	COM	464286509	885,082	21,317	SH		SOLE		0	0	21,317
iShares MSCI EAFE Growth ETF	COM	464288885	2,867,042	26,633	SH		SOLE		0	0	26,633
iShares MSCI EAFE Value ETF	COM	464288877	1,917,647	33,333	SH		SOLE		0	0	33,333
iShares MSCI Japan ETF	COM	46434G822	540,699	7,558	SH		SOLE		0	0	7,558
iShares U.S. Industrials ETF	COM	464287754	1,095,559	8,196	SH		SOLE		0	0	8,196
iShares U.S. Technology ETF	COM	464287721	1,224,332	8,075	SH		SOLE		0	0	8,075
iShares U.S. Utilities ETF	COM	464287697	898,490	8,807	SH		SOLE		0	0	8,807
Itron, Inc.	COM	465741106	831,302	7,783	SH		SOLE		0	0	7,783
Johnson & Johnson	COM	478160104	2,783,705	17,177	SH		SOLE		0	0	17,177
JPMorgan Chase & Co.	COM	46625H100	1,821,830	8,640	SH		SOLE		0	0	8,640
Kimberly-Clark Corporation	COM	494368103	2,601,021	18,281	SH		SOLE		0	0	18,281
Kinsale Capital Group, Inc.	COM	49714P108	1,420,454	3,051	SH		SOLE		0	0	3,051
KLA Corporation	COM	482480100	1,785,789	2,306	SH		SOLE		0	0	2,306
Kroger Co.	COM	501044101	755,787	13,190	SH		SOLE		0	0	13,190
L'Oreal S.A.Unsponsored ADR	COM	502117203	266,082	2,965	SH		SOLE		0	0	2,965
Lamar Advertising Company Class A	COM	512816109	617,826	4,624	SH		SOLE		0	0	4,624
Lennar Corporation Class A	COM	526057104	594,312	3,170	SH		SOLE		0	0	3,170
Limbach Holdings, Inc.	COM	53263P105	736,008	9,715	SH		SOLE		0	0	9,715
Lockheed Martin Corporation	COM	539830109	3,493,331	5,976	SH		SOLE		0	0	5,976
Lowe's Companies, Inc.	COM	548661107	1,840,697	6,796	SH		SOLE		0	0	6,796
LSI Industries Inc.	COM	50216C108	440,556	27,279	SH		SOLE		0	0	27,279
MakeMyTrip Ltd.	COM	V5633W109	3,210,028	34,535	SH		SOLE		0	0	34,535
Marathon Oil Corporation	COM	565849106	239,031	8,976	SH		SOLE		0	0	8,976
MasTec, Inc.	COM	576323109	239,430	1,945	SH		SOLE		0	0	1,945
Mastercard Incorporated Class A	COM	57636Q104	853,286	1,728	SH		SOLE		0	0	1,728
Matson, Inc.	COM	57686G105	310,484	2,177	SH		SOLE		0	0	2,177
McDonald's Corporation	COM	580135101	1,569,749	5,155	SH		SOLE		0	0	5,155
Merck & Co., Inc.	COM	58933Y105	1,444,263	12,718	SH		SOLE		0	0	12,718
Meta Platforms Inc Class A	COM	30303M102	6,121,494	10,694	SH		SOLE		0	0	10,694
Microsoft Corporation	COM	594918104	13,813,060	32,101	SH		SOLE		0	0	32,101
MicroStrategy Incorporated Class A	COM	594972408	613,535	3,639	SH		SOLE		0	0	3,639
Modine Manufacturing Company	COM	607828100	905,362	6,818	SH		SOLE		0	0	6,818
Monolithic Power Systems, Inc.	COM	609839105	522,342	565	SH		SOLE		0	0	565
Mr. Cooper Group, Inc.	COM	62482R107	631,433	6,850	SH		SOLE		0	0	6,850
MSC Industrial Direct Co., Inc. Class A	COM	553530106	1,360,178	15,805	SH		SOLE		0	0	15,805
MSCI Inc. Class A	COM	55354G100	843,500	1,447	SH		SOLE		0	0	1,447
Mueller Industries, Inc.	COM	624756102	1,079,118	14,563	SH		SOLE		0	0	14,563
NAPCO Security Technologies, Inc.	COM	630402105	1,943,820	48,043	SH		SOLE		0	0	48,043
Nasdaq, Inc.	COM	631103108	304,249	4,167	SH		SOLE		0	0	4,167
National Fuel Gas Company	COM	636180101	587,986	9,701	SH		SOLE		0	0	9,701
National HealthCare Corporation	COM	635906100	538,296	4,280	SH		SOLE		0	0	4,280
National Storage Affiliates Trust	COM	637870106	512,732	10,638	SH		SOLE		0	0	10,638
Nestle S.A. Sponsored ADR	COM	641069406	583,181	5,793	SH		SOLE		0	0	5,793
NetApp, Inc.	COM	64110D104	5,409,083	43,795	SH		SOLE		0	0	43,795
Nexstar Media Group, Inc.	COM	65336K103	3,031,858	18,336	SH		SOLE		0	0	18,336
NextEra Energy, Inc.	COM	65339F101	1,014,360	12,000	SH		SOLE		0	0	12,000
Nordson Corporation	COM	655663102	419,683	1,598	SH		SOLE		0	0	1,598
Norfolk Southern Corporation	COM	655844108	919,450	3,700	SH		SOLE		0	0	3,700
Northern Technologies International Corporation	COM	665809109	122,900	10,000	SH		SOLE		0	0	10,000
Northrop Grumman Corp.	COM	666807102	410,532	777	SH		SOLE		0	0	777
Nova Ltd.	COM	M7516K103	296,884	1,425	SH		SOLE		0	0	1,425
Novo Nordisk A/S Sponsored ADR Class B	COM	670100205	14,105,628	118,465	SH		SOLE		0	0	118,465
NRG Energy, Inc.	COM	629377508	2,083,275	22,868	SH		SOLE		0	0	22,868
Nutanix, Inc. Class A	COM	67059N108	4,607,102	77,757	SH		SOLE		0	0	77,757
NVIDIA Corporation	COM	67066G104	67,324,519	554,385	SH		SOLE		0	0	554,385
OGE Energy Corp.	COM	670837103	784,636	19,128	SH		SOLE		0	0	19,128
Old Dominion Freight Line, Inc.	COM	679580100	498,984	2,512	SH		SOLE		0	0	2,512
Old Republic International Corporation	COM	680223104	529,029	14,936	SH		SOLE		0	0	14,936
ONEOK, Inc.	COM	682680103	640,319	7,026	SH		SOLE		0	0	7,026
Oracle Corporation	COM	68389X105	381,014	2,236	SH		SOLE		0	0	2,236
PACCAR Inc	COM	693718108	397,878	4,032	SH		SOLE		0	0	4,032
Palantir Technologies Inc. Class A	COM	69608A108	964,931	25,939	SH		SOLE		0	0	25,939
Palo Alto Networks, Inc.	COM	697435105	635,064	1,858	SH		SOLE		0	0	1,858
Parker-Hannifin Corporation	COM	701094104	379,092	600	SH		SOLE		0	0	600
Parsons Corporation	COM	70202L102	8,509,121	82,071	SH		SOLE		0	0	82,071
Paymentus Holdings, Inc Class A	COM	70439P108	1,390,649	69,463	SH		SOLE		0	0	69,463
PDD Holdings Inc. Sponsored ADR Class A	COM	722304102	1,171,094	8,687	SH		SOLE		0	0	8,687
Pennant Group Inc	COM	70805E109	874,150	24,486	SH		SOLE		0	0	24,486
PennyMac Financial Services, Inc.	COM	70932M107	284,925	2,500	SH		SOLE		0	0	2,500
PepsiCo, Inc.	COM	713448108	5,062,861	29,773	SH		SOLE		0	0	29,773
Permian Resources Corporation Class A	COM	71424F105	551,926	40,553	SH		SOLE		0	0	40,553
Pfizer Inc.	COM	717081103	423,045	14,618	SH		SOLE		0	0	14,618
Philip Morris International Inc.	COM	718172109	395,764	3,260	SH		SOLE		0	0	3,260
Phillips 66	COM	718546104	6,277,880	47,759	SH		SOLE		0	0	47,759
Pilgrim's Pride Corporation	COM	72147K108	736,984	16,004	SH		SOLE		0	0	16,004
Porsche Automobil Holding SE Unsponsored ADR	COM	73328P106	250,016	54,529	SH		SOLE		0	0	54,529
Powell Industries, Inc.	COM	739128106	4,899,985	22,073	SH		SOLE		0	0	22,073
PPG Industries, Inc.	COM	693506107	447,450	3,378	SH		SOLE		0	0	3,378
Procter & Gamble Company	COM	742718109	3,681,712	21,257	SH		SOLE		0	0	21,257
Progressive Corporation	COM	743315103	9,286,100	36,594	SH		SOLE		0	0	36,594
Quanta Services, Inc.	COM	74762E102	17,554,218	58,877	SH		SOLE		0	0	58,877
RadNet, Inc.	COM	750491102	628,743	9,061	SH		SOLE		0	0	9,061
REV Group, Inc.	COM	749527107	542,484	19,333	SH		SOLE		0	0	19,333
Revolve Group, Inc Class A	COM	76156B107	612,140	24,703	SH		SOLE		0	0	24,703
Rio Tinto plc Sponsored ADR	COM	767204100	3,299,304	46,358	SH		SOLE		0	0	46,358
Royal Caribbean Group	COM	V7780T103	10,857,092	61,215	SH		SOLE		0	0	61,215
RTX Corporation	COM	75513E101	807,267	6,663	SH		SOLE		0	0	6,663
S&P Global, Inc.	COM	78409V104	736,700	1,426	SH		SOLE		0	0	1,426
Safe Bulkers, Inc.	COM	Y7388L103	451,276	87,119	SH		SOLE		0	0	87,119
Salesforce, Inc.	COM	79466L302	1,322,019	4,830	SH		SOLE		0	0	4,830
Sanmina Corporation	COM	801056102	279,550	4,084	SH		SOLE		0	0	4,084
Scorpio Tankers Inc.	COM	Y7542C130	746,796	10,474	SH		SOLE		0	0	10,474
Seanergy Maritime Holdings Corp.	COM	Y73760400	1,824,423	146,894	SH		SOLE		0	0	146,894
ServiceNow, Inc.	COM	81762P102	1,526,724	1,707	SH		SOLE		0	0	1,707
Sezzle Inc.	COM	78435P105	1,217,330	7,136	SH		SOLE		0	0	7,136
SFL Corporation Limited	COM	G7738W106	682,433	58,983	SH		SOLE		0	0	58,983
Shell Plc Sponsored ADR	COM	780259305	1,163,754	17,646	SH		SOLE		0	0	17,646
Sinovac Biotech Ltd.	COM	P8696W104	0	14,167	SH		SOLE		0	0	14,167
Skyward Specialty Insurance Group, Inc.	COM	830940102	1,050,997	25,804	SH		SOLE		0	0	25,804
SkyWest, Inc	COM	830879102	1,046,001	12,303	SH		SOLE		0	0	12,303
SPDR Gold Shares	COM	78463V107	496,085	2,041	SH		SOLE		0	0	2,041
SPDR S&P 500 ETF Trust	COM	78462F103	1,662,183	2,897	SH		SOLE		0	0	2,897
Sprouts Farmers Market, Inc.	COM	85208M102	397,918	3,604	SH		SOLE		0	0	3,604
SPX Technologies, Inc.	COM	78473E103	1,736,998	10,893	SH		SOLE		0	0	10,893
Star Bulk Carriers Corp.	COM	Y8162K204	892,118	37,658	SH		SOLE		0	0	37,658
StealthGas Inc.	COM	Y81669106	423,895	62,246	SH		SOLE		0	0	62,246
Steel Dynamics, Inc.	COM	858119100	900,968	7,146	SH		SOLE		0	0	7,146
Sterling Infrastructure, Inc.	COM	859241101	435,785	3,005	SH		SOLE		0	0	3,005
StoneCo Ltd. Class A	COM	G85158106	230,819	20,499	SH		SOLE		0	0	20,499
StoneX Group Inc.	COM	861896108	501,433	6,124	SH		SOLE		0	0	6,124
SunCoke Energy, Inc.	COM	86722A103	88,284	10,171	SH		SOLE		0	0	10,171
Super Micro Computer, Inc.	COM	86800U302	15,271,470	36,675	SH		SOLE		0	0	36,675
Synovus Financial Corp.	COM	87161C501	231,600	5,208	SH		SOLE		0	0	5,208
T-Mobile US, Inc.	COM	872590104	5,419,839	26,264	SH		SOLE		0	0	26,264
Talen Energy Corp	COM	87422Q109	494,260	2,773	SH		SOLE		0	0	2,773
Targa Resources Corp.	COM	87612G101	8,836,810	59,704	SH		SOLE		0	0	59,704
TechnipFMC plc	COM	G87110105	2,216,435	84,500	SH		SOLE		0	0	84,500
Teekay Corporation Ltd	COM	G8726T105	393,870	42,812	SH		SOLE		0	0	42,812
Tetra Tech, Inc.	COM	88162G103	469,714	9,960	SH		SOLE		0	0	9,960
Texas Instruments Incorporated	COM	882508104	850,011	4,115	SH		SOLE		0	0	4,115
Thermo Fisher Scientific Inc.	COM	883556102	569,084	920	SH		SOLE		0	0	920
Tidewater Inc	COM	88642R109	994,220	13,849	SH		SOLE		0	0	13,849
Toll Brothers, Inc.	COM	889478103	13,735,051	88,906	SH		SOLE		0	0	88,906
TopBuild Corp.	COM	89055F103	1,711,856	4,208	SH		SOLE		0	0	4,208
TPG Inc Class A	COM	872657101	449,198	7,804	SH		SOLE		0	0	7,804
TransDigm Group Incorporated	COM	893641100	3,113,998	2,182	SH		SOLE		0	0	2,182
Tyler Technologies, Inc.	COM	902252105	1,824,125	3,125	SH		SOLE		0	0	3,125
UFP Technologies, Inc.	COM	902673102	1,840,977	5,813	SH		SOLE		0	0	5,813
Ultralife Corporation	COM	903899102	292,399	32,345	SH		SOLE		0	0	32,345
Ultrapar Participacoes S.A. Sponsored ADR	COM	90400P101	515,338	132,819	SH		SOLE		0	0	132,819
Unilever PLC Sponsored ADR	COM	904767704	746,520	11,492	SH		SOLE		0	0	11,492
Union Pacific Corporation	COM	907818108	1,595,465	6,473	SH		SOLE		0	0	6,473
United States Lime & Minerals, Inc.	COM	911922102	469,647	4,809	SH		SOLE		0	0	4,809
UnitedHealth Group Incorporated	COM	91324P102	925,511	1,583	SH		SOLE		0	0	1,583
Universal Corp	COM	913456109	3,648,759	68,702	SH		SOLE		0	0	68,702
Universal Stainless & Alloy Products, Inc.	COM	913837100	967,295	25,040	SH		SOLE		0	0	25,040
Universal Technical Institute, Inc.	COM	913915104	2,034,272	125,109	SH		SOLE		0	0	125,109
Uranium Energy Corp.	COM	916896103	405,320	65,269	SH		SOLE		0	0	65,269
VAALCO Energy, Inc.	COM	91851C201	1,146,422	199,725	SH		SOLE		0	0	199,725
Valero Energy Corporation	COM	91913Y100	2,570,161	19,034	SH		SOLE		0	0	19,034
Vanguard Dividend Appreciation ETF	COM	921908844	343,621	1,735	SH		SOLE		0	0	1,735
Vanguard FTSE Europe ETF	COM	922042874	820,138	11,535	SH		SOLE		0	0	11,535
Verizon Communications Inc.	COM	92343V104	1,059,317	23,588	SH		SOLE		0	0	23,588
Vertex Pharmaceuticals Incorporated	COM	92532F100	5,130,763	11,032	SH		SOLE		0	0	11,032
Vertiv Holdings Co. Class A	COM	92537N108	9,127,322	91,741	SH		SOLE		0	0	91,741
Viper Energy, Inc.	COM	927959106	3,487,454	77,310	SH		SOLE		0	0	77,310
Virtu Financial, Inc. Class A	COM	928254101	432,197	14,189	SH		SOLE		0	0	14,189
Visa Inc. Class A	COM	92826C839	700,573	2,548	SH		SOLE		0	0	2,548
Vistra Corp.	COM	92840M102	12,953,792	109,278	SH		SOLE		0	0	109,278
Vital Farms, Inc.	COM	92847W103	2,093,083	59,683	SH		SOLE		0	0	59,683
Walmart Inc.	COM	931142103	325,180	4,027	SH		SOLE		0	0	4,027
Walt Disney Company	COM	254687106	544,532	5,661	SH		SOLE		0	0	5,661
Wasatch Core Growth Fund	COM	936772201	937,766	9,674	SH		SOLE		0	0	9,674
Waste Connections, Inc.	COM	94106B101	743,176	4,156	SH		SOLE		0	0	4,156
Waste Management, Inc.	COM	94106L109	211,719	1,020	SH		SOLE		0	0	1,020
Willdan Group, Inc.	COM	96924N100	319,942	7,813	SH		SOLE		0	0	7,813
Willis Lease Finance Corporation	COM	970646105	525,150	3,529	SH		SOLE		0	0	3,529
Wingstop, Inc.	COM	974155103	4,135,006	9,938	SH		SOLE		0	0	9,938
Wintrust Financial Corporation	COM	97650W108	397,437	3,662	SH		SOLE		0	0	3,662
WisdomTree, Inc.	COM	97717P104	136,563	13,670	SH		SOLE		0	0	13,670
Woodward, Inc.	COM	980745103	1,411,527	8,230	SH		SOLE		0	0	8,230
Xylem Inc.	COM	98419M100	223,206	1,653	SH		SOLE		0	0	1,653
Yum! Brands, Inc.	COM	988498101	560,036	4,009	SH		SOLE		0	0	4,009