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
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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
Adient PLC ORD SHS G0084W101 21,654 531,134 SH   SOLE NONE 445,804 0 85,330
Alaska Air Group, Inc. COM 011659109 23,921 412,361 SH   SOLE NONE 342,381 0 69,980
Albertsons Companies, Inc. COMMON STOCK 013091103 364 10,950 SH   SOLE NONE 10,950 0 0
Ally Financial Inc. COM 02005N100 28,129 646,941 SH   SOLE NONE 536,691 0 110,250
AmerisourceBergen Corporation COM 03073E105 360 2,330 SH   SOLE NONE 2,330 0 0
ArcBest Corporation COM 03937C105 379 4,710 SH   SOLE NONE 4,710 0 0
ArcelorMittal S.A. NY REGISTRY SH 03938L203 286 8,950 SH   SOLE NONE 8,950 0 0
Arrow Electronics, Inc. COM 042735100 308 2,600 SH   SOLE NONE 2,600 0 0
AutoNation, Inc. COM 05329W102 343 3,440 SH   SOLE NONE 3,440 0 0
Avnet, Inc. COM 053807103 24,882 613,010 SH   SOLE NONE 506,510 0 106,500
BJ's Wholesale Club Holdings, COM 05550J101 476 7,040 SH   SOLE NONE 7,040 0 0
Beazer Homes USA, Inc. COM NEW 07556Q881 18,878 1,240,321 SH   SOLE NONE 1,037,411 0 202,910
Best Buy Co, Inc. COM 086516101 252 2,770 SH   SOLE NONE 2,770 0 0
BlueLinx Holdings Inc. COM NEW 09624H208 268 3,730 SH   SOLE NONE 3,730 0 0
Boise Cascade Company COM 09739D100 304 4,370 SH   SOLE NONE 4,370 0 0
Bunge Limited COM G16962105 392 3,540 SH   SOLE NONE 3,540 0 0
CVR Energy, Inc. COM 12662P108 29,453 1,153,209 SH   SOLE NONE 957,389 0 195,820
CVS Health Corporation COM 126650100 299 2,950 SH   SOLE NONE 2,950 0 0
Caleres, Inc. COM 129500104 254 13,140 SH   SOLE NONE 13,140 0 0
Cardinal Health, Inc. COM 14149Y108 334 5,890 SH   SOLE NONE 5,890 0 0
Centene Corporation COM 15135B101 410 4,870 SH   SOLE NONE 4,870 0 0
DXC Technology Company COM 23355L106 37,436 1,147,279 SH   SOLE NONE 952,239 0 195,040
Dana Incorporated COM 235825205 23,797 1,354,392 SH   SOLE NONE 1,135,542 0 218,850
Delek US Holdings, Inc. COM 24665A103 30,520 1,438,280 SH   SOLE NONE 1,192,650 0 245,630
Designer Brands Inc. CL A 250565108 32,392 2,397,599 SH   SOLE NONE 2,007,989 0 389,610
Eastman Kodak Company COM NEW 277461406 344 52,590 SH   SOLE NONE 52,590 0 0
Express, Inc. COM 30219E103 14,266 4,007,283 SH   SOLE NONE 3,363,583 0 643,700
Flex Ltd. ORD Y2573F102 321 17,290 SH   SOLE NONE 17,290 0 0
Fluor Corporation COM 343412102 368 12,830 SH   SOLE NONE 12,830 0 0
Foot Locker, Inc. COM 344849104 25,487 859,322 SH   SOLE NONE 719,512 0 139,810
Ford Motor Company COM 345370860 302 17,870 SH   SOLE NONE 17,870 0 0
Fossil Group, Inc. COM 34988V106 157 16,290 SH   SOLE NONE 16,290 0 0
Group 1 Automotive, Inc. COM 398905109 349 2,080 SH   SOLE NONE 2,080 0 0
HF Sinclair Corporation COM 403949100 42,602 1,069,054 SH   SOLE NONE 889,024 0 180,030
HP Inc. COM 40434L105 340 9,380 SH   SOLE NONE 9,380 0 0
Hawaiian Holdings, Inc. COM 419879101 24,626 1,250,040 SH   SOLE NONE 1,039,590 0 210,450
Hooker Furnishings Corporation COM 439038100 12,675 669,209 SH   SOLE NONE 669,209 0 0
Insight Enterprises, Inc. COM 45765U103 348 3,240 SH   SOLE NONE 3,240 0 0
Jabil Circuit Inc COM 466313103 388 6,280 SH   SOLE NONE 6,280 0 0
Kohl's Corporation COM 500255104 396 6,550 SH   SOLE NONE 6,550 0 0
Liberty Oilfield Services Inc. COM CL A 53115L104 40,584 2,738,480 SH   SOLE NONE 2,273,530 0 464,950
M/I Homes, Inc. COM 55305B101 22,803 514,168 SH   SOLE NONE 430,098 0 84,070
McKesson Corporation COM 58155Q103 459 1,500 SH   SOLE NONE 1,500 0 0
Meritor, Inc. COM 59001K100 39,661 1,115,019 SH   SOLE NONE 925,748 0 189,271
Molina Healthcare, Inc. COM 60855R100 384 1,150 SH   SOLE NONE 1,150 0 0
Murphy USA Inc. COM 626755102 346 1,730 SH   SOLE NONE 1,730 0 0
Owens & Minor, Inc. COM 690732102 383 8,690 SH   SOLE NONE 8,690 0 0
POSCO Holdings Inc. SPONSORED ADR 693483109 302 5,090 SH   SOLE NONE 5,090 0 0
Pactiv Evergreen Inc. COM 69526K105 10,751 1,068,696 SH   SOLE NONE 889,402 0 179,294
Penske Automotive Group, Inc. COM 70959W103 317 3,380 SH   SOLE NONE 3,380 0 0
Phillips 66 COM 718546104 275 3,180 SH   SOLE NONE 3,180 0 0
Pilgrim's Pride Corporation COM 72147K108 279 11,120 SH   SOLE NONE 11,120 0 0
ProPetro Holding Corp. COM 74347M108 44,237 3,175,680 SH   SOLE NONE 2,645,270 0 530,410
Ryerson Holding Corporation COM 783754104 20,931 597,685 SH   SOLE NONE 597,685 0 0
Sanmina Corporation COM 801056102 295 7,300 SH   SOLE NONE 7,300 0 0
Schnitzer Steel Industries, In CL A 806882106 421 8,110 SH   SOLE NONE 8,110 0 0
Sportsman's Warehouse Holdings COM 84920Y106 23,623 2,209,840 SH   SOLE NONE 1,855,640 0 354,200
Stellantis N.V. SHS N82405106 25,691 1,579,070 SH   SOLE NONE 1,324,260 0 254,810
Sterling Construction Company, COM 859241101 20,861 778,413 SH   SOLE NONE 778,413 0 0
TD SYNNEX Corporation COM 87162W100 293 2,840 SH   SOLE NONE 2,840 0 0
Taylor Morrison Home Corporati COM 87724P106 21,394 785,970 SH   SOLE NONE 657,380 0 128,590
Tenneco Inc. CL A VTG COM STK 880349105 32,903 1,796,020 SH   SOLE NONE 1,507,850 0 288,170
The Gap, Inc. COM 364760108 29,030 2,061,820 SH   SOLE NONE 1,728,500 0 333,320
The Kroger Co. COM 501044101 359 6,250 SH   SOLE NONE 6,250 0 0
The Manitowoc Company, Inc. COM NEW 563571405 10,845 719,192 SH   SOLE NONE 590,292 0 128,900
The ODP Corporation COM 88337F105 321 7,000 SH   SOLE NONE 7,000 0 0
United Natural Foods, Inc. COM 911163103 29,412 711,300 SH   SOLE NONE 592,500 0 118,800
Valero Energy Corporation COM 91913Y100 380 3,740 SH   SOLE NONE 3,740 0 0
Veritiv Corporation COM 923454102 355 2,660 SH   SOLE NONE 2,660 0 0
Wabash National Corporation COM 929566107 4,643 312,880 SH   SOLE NONE 238,580 0 74,300
Walgreens Boots Alliance, Inc. COM 931427108 313 7,000 SH   SOLE NONE 7,000 0 0
World Fuel Services Corporatio COM 981475106 260 9,620 SH   SOLE NONE 9,620 0 0