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 21,033 709,854 SH   SOLE NONE 586,114 0 123,740
Alaska Air Group, Inc. COM 011659109 20,857 520,771 SH   SOLE NONE 427,551 0 93,220
Albertsons Companies, Inc. COMMON STOCK 013091103 591 22,120 SH   SOLE NONE 22,120 0 0
Ally Financial Inc. COM 02005N100 21,228 633,471 SH   SOLE NONE 519,591 0 113,880
AmerisourceBergen Corporation COM 03073E105 671 4,740 SH   SOLE NONE 4,740 0 0
ArcBest Corporation COM 03937C105 672 9,550 SH   SOLE NONE 9,550 0 0
ArcelorMittal S.A. NY REGISTRY SH 03938L203 17,741 784,980 SH   SOLE NONE 647,760 0 137,220
Arrow Electronics, Inc. COM 042735100 23,541 210,020 SH   SOLE NONE 173,350 0 36,670
Avnet, Inc. COM 053807103 25,919 604,460 SH   SOLE NONE 498,920 0 105,540
BJ's Wholesale Club Holdings, COM 05550J101 885 14,200 SH   SOLE NONE 14,200 0 0
Beazer Homes USA, Inc. COM NEW 07556Q881 19,127 1,584,691 SH   SOLE NONE 1,303,821 0 280,870
Best Buy Co., Inc. COM 086516101 369 5,660 SH   SOLE NONE 5,660 0 0
BlueLinx Holdings Inc. COM NEW 09624H208 517 7,740 SH   SOLE NONE 7,740 0 0
Boise Cascade Company COM 09739D100 537 9,020 SH   SOLE NONE 9,020 0 0
Caleres, Inc. COM 129500104 680 25,920 SH   SOLE NONE 25,920 0 0
Cardinal Health, Inc. COM 14149Y108 626 11,970 SH   SOLE NONE 11,970 0 0
Centene Corporation COM 15135B101 838 9,910 SH   SOLE NONE 9,910 0 0
Chico's FAS, Inc. COM 168615102 681 137,040 SH   SOLE NONE 137,040 0 0
DXC Technology Company COM 23355L106 33,908 1,118,719 SH   SOLE NONE 918,349 0 200,370
Dana Incorporated COM 235825205 18,704 1,329,342 SH   SOLE NONE 1,092,092 0 237,250
Delek US Holdings, Inc. COM 24665A103 22,840 883,890 SH   SOLE NONE 731,190 0 152,700
Designer Brands Inc. CL A 250565108 30,886 2,364,899 SH   SOLE NONE 1,938,269 0 426,630
Eastman Kodak Company COM NEW 277461406 479 103,230 SH   SOLE NONE 103,230 0 0
Express, Inc. COM 30219E103 9,967 5,085,263 SH   SOLE NONE 4,466,213 0 619,050
Flex Ltd. ORD Y2573F102 512 35,390 SH   SOLE NONE 35,390 0 0
Fluor Corporation COM 343412102 627 25,740 SH   SOLE NONE 25,740 0 0
Foot Locker, Inc. COM 344849104 21,544 853,212 SH   SOLE NONE 701,982 0 151,230
Ford Motor Company COM 345370860 406 36,440 SH   SOLE NONE 36,440 0 0
Fossil Group, Inc. COM 34988V106 168 32,570 SH   SOLE NONE 32,570 0 0
G-III Apparel Group, Ltd. COM 36237H101 497 24,580 SH   SOLE NONE 24,580 0 0
General Mtrs Co Com COM 37045V100 504 15,880 SH   SOLE NONE 15,880 0 0
Group 1 Automotive, Inc. COM 398905109 708 4,170 SH   SOLE NONE 4,170 0 0
HF Sinclair Corporation COM 403949100 32,810 726,534 SH   SOLE NONE 599,404 0 127,130
Hawaiian Holdings, Inc. COM 419879101 21,248 1,484,830 SH   SOLE NONE 1,220,350 0 264,480
Hooker Furnishings Corporation COM 439038100 10,043 645,839 SH   SOLE NONE 645,839 0 0
Insight Enterprises, Inc. COM 45765U103 561 6,500 SH   SOLE NONE 6,500 0 0
Jabil Inc. COM 466313103 656 12,810 SH   SOLE NONE 12,810 0 0
Kohl's Corporation COM 500255104 478 13,380 SH   SOLE NONE 13,380 0 0
La Z Boy Inc Com COM 505336107 621 26,210 SH   SOLE NONE 26,210 0 0
Liberty Energy Inc. COM CL A 53115L104 28,140 2,205,300 SH   SOLE NONE 1,810,690 0 394,610
M/I Homes, Inc. COM 55305B101 23,921 603,148 SH   SOLE NONE 497,408 0 105,740
McKesson Corporation COM 58155Q103 995 3,050 SH   SOLE NONE 3,050 0 0
Meritor, Inc. COM 59001K100 39,626 1,090,729 SH   SOLE NONE 894,068 0 196,661
Molina Healthcare, Inc. COM 60855R100 665 2,380 SH   SOLE NONE 2,380 0 0
Murphy USA Inc. COM 626755102 792 3,400 SH   SOLE NONE 3,400 0 0
Owens & Minor, Inc. COM 690732102 551 17,520 SH   SOLE NONE 17,520 0 0
POSCO Holdings Inc. SPONSORED ADR 693483109 463 10,390 SH   SOLE NONE 10,390 0 0
PVH Corp. COM 693656100 21,488 377,640 SH   SOLE NONE 309,880 0 67,760
Penske Automotive Group, Inc. COM 70959W103 708 6,760 SH   SOLE NONE 6,760 0 0
Phillips 66 COM 718546104 635 7,740 SH   SOLE NONE 7,740 0 0
ProPetro Holding Corp. COM 74347M108 24,752 2,475,180 SH   SOLE NONE 2,031,800 0 443,380
Resolute Forest Products Inc. COM 76117W109 689 53,970 SH   SOLE NONE 53,970 0 0
Ryerson Holding Corporation COM 783754104 383 18,000 SH   SOLE NONE 18,000 0 0
Sanmina Corporation COM 801056102 597 14,650 SH   SOLE NONE 14,650 0 0
Schnitzer Steel Industries, In CL A 806882106 548 16,700 SH   SOLE NONE 16,700 0 0
Sportsman's Warehouse Holdings COM 84920Y106 21,244 2,215,260 SH   SOLE NONE 1,827,650 0 387,610
Stellantis N.V. SHS N82405106 23,273 1,882,920 SH   SOLE NONE 1,552,240 0 330,680
Sterling Infrastructure, Inc. COM 859241101 16,462 751,013 SH   SOLE NONE 751,013 0 0
TD SYNNEX Corporation COM 87162W100 519 5,700 SH   SOLE NONE 5,700 0 0
Taylor Morrison Home Corporati COM 87724P106 18,118 775,610 SH   SOLE NONE 636,520 0 139,090
The Gap, Inc. COM 364760108 228 27,610 SH   SOLE NONE 27,610 0 0
The Manitowoc Company, Inc. COM NEW 563571405 17,076 1,621,615 SH   SOLE NONE 1,331,265 0 290,350
The ODP Corporation COM 88337F105 435 14,380 SH   SOLE NONE 14,380 0 0
United Natural Foods, Inc. COM 911163103 27,746 704,220 SH   SOLE NONE 580,610 0 123,610
Urban Outfitters COM 917047102 488 26,150 SH   SOLE NONE 26,150 0 0
Valero Energy Corporation COM 91913Y100 790 7,430 SH   SOLE NONE 7,430 0 0
Veritiv Corporation COM 923454102 582 5,360 SH   SOLE NONE 5,360 0 0
Walgreens Boots Alliance, Inc. COM 931427108 539 14,210 SH   SOLE NONE 14,210 0 0
World Fuel Services Corporatio COM 981475106 392 19,150 SH   SOLE NONE 19,150 0 0