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
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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
1 800 FLOWERS COM INC CL A 68243Q106   1,573,430 136,820 SH   SOLE   136,820 0 0
ALGOMA STL GROUP INC COM 015658107   21,226,079 2,626,990 SH   SOLE   2,626,990 0 0
ALLY FINL INC COM 02005N100   20,887,806 819,451 SH   SOLE   657,561 0 161,890
ALPHA METALLURGICAL RESOUR I COM 020764106   21,662,160 138,860 SH   SOLE   118,120 0 20,740
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203   715,350 23,750 SH   SOLE   23,750 0 0
ARROW ELECTRS INC COM 042735100   25,190,025 201,730 SH   SOLE   168,780 0 32,950
AVNET INC COM 053807103   25,263,636 558,930 SH   SOLE   463,450 0 95,480
BLUELINX HLDGS INC COM NEW 09624H208   696,590 10,250 SH   SOLE   10,250 0 0
BOISE CASCADE CO DEL COM 09739D100   750,778 11,870 SH   SOLE   11,870 0 0
CALERES INC COM 129500104   742,991 34,350 SH   SOLE   34,350 0 0
CHICOS FAS INC COM 168615102   982,740 178,680 SH   SOLE   178,680 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101   32,230,372 1,758,340 SH   SOLE   1,495,360 0 262,980
CONSTELLIUM SE CL A SHS F21107101   1,228,206 80,380 SH   SOLE   80,380 0 0
CONTAINER STORE GROUP INC COM 210751103   654,273 190,750 SH   SOLE   190,750 0 0
CROSS CTRY HEALTHCARE INC COM 227483104   805,752 36,100 SH   SOLE   36,100 0 0
DANA INC COM 235825205   24,837,196 1,650,312 SH   SOLE   1,418,762 0 231,550
DELEK US HLDGS INC NEW COM 24665A103   19,599,989 854,030 SH   SOLE   716,900 0 137,130
DESIGNER BRANDS INC CL A 250565108   19,055,726 2,180,289 SH   SOLE   1,866,059 0 314,230
EASTMAN KODAK CO COM NEW 277461406   553,500 135,000 SH   SOLE   135,000 0 0
ENI S P A SPONSORED ADR 26874R108   945,280 33,760 SH   SOLE   33,760 0 0
FERROGLOBE PLC SHS G33856108   1,019,073 206,290 SH   SOLE   206,290 0 0
FOOT LOCKER INC COM 344849104   24,366,564 613,922 SH   SOLE   531,232 0 82,690
FORD MTR CO DEL COM 345370860   606,186 48,110 SH   SOLE   48,110 0 0
G III APPAREL GROUP LTD COM 36237H101   502,887 32,340 SH   SOLE   32,340 0 0
GAP INC COM 364760108   26,443,854 2,633,850 SH   SOLE   2,252,880 0 380,970
GENERAL MTRS CO COM 37045V100   769,913 20,990 SH   SOLE   20,990 0 0
GOODYEAR TIRE & RUBR CO COM 382550101   22,994,288 2,086,596 SH   SOLE   1,776,386 0 310,210
HAWAIIAN HOLDINGS INC COM 419879101   473,389 51,680 SH   SOLE   51,680 0 0
HF SINCLAIR CORP COM 403949100   27,218,298 562,594 SH   SOLE   471,014 0 91,580
HOVNANIAN ENTERPRISES INC CL A NEW 442487401   1,027,776 15,150 SH   SOLE   15,150 0 0
JELD-WEN HLDG INC COM 47580P103   26,620,435 2,102,720 SH   SOLE   1,757,460 0 345,260
LA Z BOY INC COM 505336107   1,000,643 34,410 SH   SOLE   34,410 0 0
LIBERTY ENERGY INC COM CL A 53115L104   19,992,823 1,560,720 SH   SOLE   1,295,040 0 265,680
LITHIA MTRS INC COM 536797103   821,859 3,590 SH   SOLE   3,590 0 0
LL FLOORING HOLDINGS INC COM 55003T107   871,340 229,300 SH   SOLE   229,300 0 0
M/I HOMES INC COM 55305B101   35,331,536 560,018 SH   SOLE   481,448 0 78,570
MACYS INC COM 55616P104   20,637,903 1,179,983 SH   SOLE   1,014,873 0 165,110
MARATHON PETE CORP COM 56585A102   985,607 7,310 SH   SOLE   7,310 0 0
OWENS & MINOR INC NEW COM 690732102   335,523 23,060 SH   SOLE   23,060 0 0
PATRICK INDS INC COM 703343103   1,271,609 18,480 SH   SOLE   18,480 0 0
PBF ENERGY INC CL A 69318G106   34,199,289 788,729 SH   SOLE   658,659 0 130,070
PHILLIPS 66 COM 718546104   1,035,090 10,210 SH   SOLE   10,210 0 0
PILGRIMS PRIDE CORP COM 72147K108   952,930 41,110 SH   SOLE   41,110 0 0
POSCO HOLDINGS INC SPONSORED ADR 693483109   954,056 13,690 SH   SOLE   13,690 0 0
PROPETRO HLDG CORP COM 74347M108   17,037,136 2,369,560 SH   SOLE   1,957,230 0 412,330
PVH CORPORATION COM 693656100   36,551,142 409,950 SH   SOLE   352,780 0 57,170
RYERSON HLDG CORP COM 783754104   869,846 23,910 SH   SOLE   23,910 0 0
SCHNITZER STEEL INDS INC CL A 806882106   680,468 21,880 SH   SOLE   21,880 0 0
SMART GLOBAL HLDGS INC SHS G8232Y101   1,049,399 60,870 SH   SOLE   60,870 0 0
SPORTSMANS WHSE HLDGS INC COM 84920Y106   17,503,059 2,064,040 SH   SOLE   1,774,350 0 289,690
STELLANTIS N.V SHS N82405106   30,572,661 1,680,740 SH   SOLE   1,441,660 0 239,080
TAYLOR MORRISON HOME CORP COM 87724P106   22,904,349 598,650 SH   SOLE   515,240 0 83,410
TERNIUM SA SPONSORED ADS 880890108   23,096,935 559,790 SH   SOLE   476,860 0 82,930
TIMKENSTEEL CORPORATION COM 887399103   1,020,804 55,660 SH   SOLE   55,660 0 0
TRINSEO PLC SHS G9059U107   23,782,219 1,140,634 SH   SOLE   971,604 0 169,030
UNITED NAT FOODS INC COM 911163103   17,222,360 653,600 SH   SOLE   542,980 0 110,620
UNITED STATES STL CORP NEW COM 912909108   22,980,789 880,490 SH   SOLE   749,980 0 130,510
VALERO ENERGY CORP COM 91913Y100   1,369,476 9,810 SH   SOLE   9,810 0 0
VERITIV CORP COM 923454102   964,900 7,140 SH   SOLE   7,140 0 0
VICTORIAS SECRET AND CO COMMON STOCK 926400102   22,115,199 647,590 SH   SOLE   557,060 0 90,530
WALGREENS BOOTS ALLIANCE INC COM 931427108   648,721 18,760 SH   SOLE   18,760 0 0