| NNBRNabors Industries Ltd. | 11.53% | 602,737 | $33M | trimmed−10% | +1.42 pp | 35 q |
| LLNCLincoln National Corp. | 7.92% | 504,761 | $22M | trimmed−3% | +0.20 pp | 8 q |
| GGTNGray Media, Inc. | 6.80% | 3,988,495 | $19M | added+12% | −0.76 pp | 11 q |
| TTDAYUSA TODAY Co., Inc. | 6.18% | 3,403,345 | $18M | added0% | +1.02 pp | 22 q |
| QQUADQUAD/GRAPHICS, Inc. | 6.05% | 2,737,890 | $17M | added+4% | +0.02 pp | 28 q |
| BBFHBread Financial Holdings, Inc. | 5.25% | 201,415 | $15M | trimmed−25% | −0.28 pp | 11 q |
| FFOSLFossil Group, Inc. | 4.22% | 3,184,415 | $12M | trimmed−4% | +1.08 pp | 10 q |
| DDCHDauch Corporation | 3.92% | 1,734,780 | $11M | added+1% | +0.13 pp | 16 q |
| CCNDTConduent Incorporated | 3.78% | 5,583,385 | $11M | added+39% | −0.37 pp | 20 q |
| JJELDJELD-WEN Holding, Inc. | 3.58% | 4,134,210 | $10M | added+100% | −0.15 pp | 4 q |
| UUGIUGI Corporation | 3.46% | 262,000 | $10M | held | — | 8 q |
| IITRNIturan Location and Control Ltd. | 3.26% | 215,000 | $9M | held | — | 2 q |
| JJXNJackson Financial Inc. | 3.24% | 86,150 | $9M | trimmed−8% | −0.25 pp | 17 q |
| UUPSUnited Parcel Service, Inc. Class B | 3.03% | 86,600 | $9M | held | — | 2 q |
| VVZVerizon Communications | 2.84% | 198,000 | $8M | held | — | 4 q |
| CCTOCTO Realty Growth, Inc. | 2.82% | 434,145 | $8M | added+1% | +0.25 pp | 17 q |
| VVTRSViatris Inc. | 2.72% | 619,000 | $8M | held | — | 20 q |
| BBMYBristol-Myers Squibb Co. | 2.05% | 108,000 | $6M | held | — | 8 q |
| OOMFOneMain Holdings, Inc. | 1.97% | 82,941 | $6M | trimmed−10% | +0.06 pp | 41 q |
| WWALWestern Alliance Bancorporation | 1.91% | 64,455 | $5M | added+2% | −0.11 pp | 12 q |
| CCHRDChord Energy Corporation | 1.89% | 57,766 | $5M | added+9% | −0.04 pp | 8 q |
| CCALMCal-Maine Foods Inc | 1.74% | 62,000 | $5M | held | — | 2 q |
| BBBWBuild-A-Bear Workshop, Inc. | 1.68% | 78,000 | $5M | trimmed−20% | −0.67 pp | 7 q |
| SSTLAStellantis N.V. | 1.65% | 429,000 | $5M | added+10% | +0.31 pp | 11 q |
| MMSTRStrategy Inc Class A | 1.35% | 25,250 | $4M | added+66% | −0.46 pp | 6 q |
| AARLPAlliance Resource Partners LP | 1.08% | 132,000 | $3M | added+4% | −0.10 pp | 21 q |
| BBCCBoise Cascade Company | 0.96% | 37,000 | $3M | held | — | 9 q |
| MMRPMillrose Properties, Inc. | 0.87% | 82,800 | $2M | new | +0.87 pp | new |
| CCGThe Carlyle Group Inc. | 0.83% | 40,000 | $2M | held | — | 5 q |
| LLYBLyondellBasell Industries N.V. Class A | 0.58% | 38,000 | $2M | held | — | 4 q |
| UUPBDUpbound Group, Inc. | 0.43% | 70,000 | $1M | added×3.5 | +0.26 pp | 2 q |
| TTPCTutor Perini Corporation | 0.16% | 6,815 | $456,741 | held | — | 16 q |
| UUNFIUnited Natural Foods Inc | 0.15% | 12,625 | $425,084 | trimmed−83% | −0.87 pp | 7 q |
| FFTITechnipFMC plc | 0.12% | 7,510 | $334,646 | held | — | 16 q |
| BBKEThe Buckle, Inc. | — | −72,000 | — | exited | −1.55 pp | — |
| SSMLRSemler Scientific, Inc. | — | −53,000 | — | exited | −0.58 pp | — |
| TTTENTotalenergies SE -spon ADR | — | −7,650 | — | exited | −0.17 pp | — |
