| DDBDeutsche Bank Aktiengesellschaft | 7.29% | 2,186,504 | $38M | trimmed−12% | +0.25 pp | 9 q |
| TTDWTidewater, Inc. | 6.23% | 588,179 | $32M | added+22% | +0.58 pp | 30 q |
| HHCCWarrior Met Coal, Inc. | 6.17% | 587,445 | $32M | trimmed−26% | −2.14 pp | 29 q |
| CCBRECbre Group, Inc. | 4.42% | 174,018 | $23M | trimmed−5% | +0.70 pp | 20 q |
| BBNBrookfield Corporation | 4.35% | 391,478 | $22M | trimmed−14% | +0.40 pp | 9 q |
| LLEN.BLennar Corporation Class B | 4.14% | 161,781 | $21M | held | — | 33 q |
| VVALValaris Limited | 3.65% | 426,608 | $19M | trimmed−1% | −0.29 pp | 14 q |
| CCMAComerica Incorporated | 3.62% | 302,881 | $19M | trimmed−36% | −1.04 pp | 47 q |
| OORIOld Republic International Corporation | 3.26% | 465,478 | $17M | trimmed−9% | +0.31 pp | 20 q |
| UUHAL.BU-Haul Holding Company | 3.10% | 249,865 | $16M | trimmed−12% | −0.25 pp | 9 q |
| FFPHFive Point Holdings, LLC Class A | 3.02% | 4,125,911 | $16M | added+25% | +0.77 pp | 31 q |
| PPLDPrologis, Inc. | 2.64% | 128,943 | $14M | held | — | 20 q |
| SSUISun Communities, Inc | 2.57% | 108,137 | $13M | added0% | +0.19 pp | 7 q |
| JJLLJones Lang LaSalle, Inc. | 2.55% | 51,990 | $13M | held | — | 8 q |
| AAMHAmerican Homes 4 Rent | 2.33% | 321,221 | $12M | held | — | 19 q |
| UUMBFUMB Financial Corp | 2.24% | 102,796 | $12M | trimmed−7% | +0.33 pp | 47 q |
| DDHID.R. Horton Inc. | 2.13% | 78,745 | $11M | held | — | 12 q |
| MMYRGMYR Group, Inc. | 2.10% | 72,797 | $11M | held | — | 37 q |
| IITICInvestors Title Co | 1.79% | 39,139 | $9M | held | — | 7 q |
| PPRAProAssurance Corporation | 1.74% | 563,988 | $9M | held | — | 17 q |
| RRYNRayonier Inc. | 1.59% | 315,800 | $8M | trimmed−5% | −0.07 pp | 45 q |
| EECPGEncore Capital Group, Inc. | 1.58% | 171,022 | $8M | held | — | 9 q |
| FFRFirst Industrial Realty Trust, Inc. | 1.52% | 157,130 | $8M | held | — | 47 q |
| FFRPHFRP Holdings, Inc. | 1.50% | 252,952 | $8M | held | — | 28 q |
| PPBProsperity Bancshares Inc | 1.49% | 102,168 | $8M | held | — | 44 q |
| BBAMBrookfield Asset Management Ltd. | 1.39% | 132,103 | $7M | held | — | 9 q |
| SSUPNSupernus Pharmaceuticals, Inc. | 1.33% | 189,493 | $7M | held | — | 11 q |
| BBATRAAtlanta Braves Holdings, Inc. Series A | 1.30% | 164,438 | $7M | held | — | 20 q |
| FFNFFidelity National Financial, Inc. | 1.29% | 118,656 | $7M | held | — | 36 q |
| SSBSISouthside Bancshares, Inc. | 1.29% | 209,426 | $7M | held | — | 38 q |
| WWYWeyerhaeuser Company | 1.20% | 220,849 | $6M | trimmed−28% | −0.51 pp | 47 q |
| LLXULsb Industries Inc | 1.16% | 789,447 | $6M | held | — | 6 q |
| AALGAlamo Group, Inc. | 1.15% | 31,880 | $6M | held | — | 47 q |
| CCOLLCollegium Pharmaceutical, Inc. | 1.13% | 203,401 | $6M | added+11% | −0.02 pp | 5 q |
| SSEBSeaboard Corporation | 1.10% | 2,334 | $6M | held | — | 36 q |
| TTPHTri Pointe Homes, Inc. | 1.09% | 155,830 | $6M | held | — | 32 q |
| KKALUKaiser Aluminum Corporation | 1.08% | 79,623 | $6M | held | — | 47 q |
| IICFIICF International, Inc. | 1.02% | 44,188 | $5M | held | — | 47 q |
| CCETCentral Securities Corp. | 0.98% | 111,210 | $5M | held | — | 20 q |
| HHBBHamilton Beach Brands Holding Company Class A | 0.97% | 297,490 | $5M | trimmed−6% | −0.61 pp | 18 q |
| UUNFUnifirst Corp | 0.77% | 23,356 | $4M | held | — | 47 q |
| SSDSandRidge Energy, Inc. | 0.75% | 330,698 | $4M | added+18% | +0.19 pp | 2 q |
| PPBFPbf Energy Inc. | 0.67% | 131,050 | $3M | added+52% | +0.24 pp | 2 q |
| OOSGOctave Specialty Group, Inc. | 0.56% | 230,416 | $3M | new | +0.56 pp | new |
| WWCCWesco International Inc. | 0.52% | 14,739 | $3M | held | — | 3 q |
| RROICRetail Opportunity Investments Corp. | 0.30% | 90,000 | $2M | held | — | 20 q |
| EELMEElme Communities | 0.27% | 93,000 | $1M | held | — | 7 q |
| CCTOCTO Realty Growth, Inc. | 0.24% | 63,000 | $1M | held | — | 16 q |
| IIVTInvenTrust Properties Corp. | 0.22% | 38,000 | $1M | trimmed−79% | −0.63 pp | 13 q |
| WWSRWhitestone REIT | 0.22% | 80,000 | $1M | held | — | 7 q |
| OOCFCOceanFirst Financial Corp | 0.21% | 60,859 | $1M | new | +0.21 pp | new |
| BBATRKAtlanta Braves Holdings, Inc. Series C | 0.19% | 26,104 | $998,739 | held | — | 6 q |
| PPCHPotlatchDeltic Corporation | 0.15% | 20,000 | $785,000 | held | — | 20 q |
| RRMRThe RMR Group Inc. Class A | 0.15% | 37,000 | $763,680 | held | — | 20 q |
| VVTMXCorporacion Inmobiliaria Vesta, S.A.B de C.V. | 0.12% | 25,000 | $640,000 | added×2.5 | +0.08 pp | 3 q |
| SSTCStewart Information Services Corporation | 0.07% | 5,194 | $350,543 | held | — | 20 q |
| GGRBKGreen Brick Partners, Inc | 0.05% | 5,000 | $282,450 | held | — | 27 q |
| UUHALU-Haul Holding Company | 0.02% | 1,456 | $100,595 | held | — | 29 q |
| HHP5AEquity Commonwealth | 0.02% | 55,000 | $97,350 | held | — | 7 q |
| LLAZLazard, Inc. | — | −362,515 | — | exited | −2.99 pp | — |
| TTPHSTrinity Place Hldgs Inc | — | −3,475,472 | — | exited | −0.02 pp | — |
