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 22,553 812,714 SH   SOLE NONE 706,884 0 105,830
Alaska Air Group, Inc. COM 011659109 20,798 531,231 SH   SOLE NONE 421,581 0 109,650
Albertsons Companies, Inc. COMMON STOCK 013091103 567 22,820 SH   SOLE NONE 22,820 0 0
Ally Financial Inc. COM 02005N100 17,969 645,671 SH   SOLE NONE 512,421 0 133,250
ArcBest Corporation COM 03937C105 711 9,780 SH   SOLE NONE 9,780 0 0
ArcelorMittal S.A. NY REGISTRY SH 03938L203 367 18,450 SH   SOLE NONE 18,450 0 0
Arrow Electronics, Inc. COM 042735100 19,716 213,860 SH   SOLE NONE 171,110 0 42,750
Avnet, Inc. COM 053807103 22,240 615,730 SH   SOLE NONE 492,000 0 123,730
BJ's Wholesale Club Holdings, COM 05550J101 1,054 14,480 SH   SOLE NONE 14,480 0 0
BlueLinx Holdings Inc. COM NEW 09624H208 494 7,960 SH   SOLE NONE 7,960 0 0
Boise Cascade Company COM 09739D100 548 9,210 SH   SOLE NONE 9,210 0 0
Caleres, Inc. COM 129500104 646 26,660 SH   SOLE NONE 26,660 0 0
Cardinal Health, Inc. COM 14149Y108 819 12,280 SH   SOLE NONE 12,280 0 0
Centene Corporation COM 15135B101 796 10,230 SH   SOLE NONE 10,230 0 0
Chico's FAS, Inc. COM 168615102 671 138,700 SH   SOLE NONE 138,700 0 0
Cross Country Healthcare, Inc. COM 227483104 795 28,020 SH   SOLE NONE 28,020 0 0
DXC Technology Company COM 23355L106 27,897 1,139,589 SH   SOLE NONE 905,319 0 234,270
Dana Incorporated COM 235825205 18,850 1,649,172 SH   SOLE NONE 1,437,032 0 212,140
Delek US Holdings, Inc. COM 24665A103 24,466 901,480 SH   SOLE NONE 721,850 0 179,630
Designer Brands Inc. CL A 250565108 33,626 2,196,369 SH   SOLE NONE 1,908,879 0 287,490
Eastman Kodak Company COM NEW 277461406 481 104,810 SH   SOLE NONE 104,810 0 0
Express, Inc. COM 30219E103 5,256 4,822,073 SH   SOLE NONE 4,203,023 0 619,050
Flex Ltd. ORD Y2573F102 600 36,040 SH   SOLE NONE 36,040 0 0
Fluor Corporation COM 343412102 650 26,130 SH   SOLE NONE 26,130 0 0
Foot Locker, Inc. COM 344849104 29,198 937,922 SH   SOLE NONE 817,172 0 120,750
Ford Motor Company COM 345370860 418 37,340 SH   SOLE NONE 37,340 0 0
G-III Apparel Group, Ltd. COM 36237H101 375 25,100 SH   SOLE NONE 25,100 0 0
General Mtrs Co Com COM 37045V100 523 16,290 SH   SOLE NONE 16,290 0 0
Group 1 Automotive, Inc. COM 398905109 607 4,250 SH   SOLE NONE 4,250 0 0
HF Sinclair Corporation COM 403949100 32,064 595,534 SH   SOLE NONE 475,754 0 119,780
Hawaiian Holdings, Inc. COM 419879101 20,411 1,552,180 SH   SOLE NONE 1,240,350 0 311,830
JELD-WEN Holding, Inc. COM 47580P103 18,456 2,109,270 SH   SOLE NONE 1,778,070 0 331,200
La Z Boy Inc Com COM 505336107 603 26,700 SH   SOLE NONE 26,700 0 0
Liberty Energy Inc. COM CL A 53115L104 28,487 2,246,610 SH   SOLE NONE 1,785,370 0 461,240
Lithia Motors COM 536797103 599 2,790 SH   SOLE NONE 2,790 0 0
M/I Homes, Inc. COM 55305B101 20,391 562,818 SH   SOLE NONE 490,998 0 71,820
Macy's, Inc. COM 55616P104 18,401 1,174,303 SH   SOLE NONE 1,023,573 0 150,730
McKesson Corporation COM 58155Q103 1,067 3,140 SH   SOLE NONE 3,140 0 0
Molina Healthcare, Inc. COM 60855R100 811 2,460 SH   SOLE NONE 2,460 0 0
Owens & Minor, Inc. COM 690732102 431 17,900 SH   SOLE NONE 17,900 0 0
PBF Energy Inc. CL A 69318G106 29,402 836,246 SH   SOLE NONE 665,756 0 170,490
POSCO Holdings Inc. SPONSORED ADR 693483109 389 10,630 SH   SOLE NONE 10,630 0 0
PVH Corp. COM 693656100 17,725 395,650 SH   SOLE NONE 343,240 0 52,410
Penske Automotive Group, Inc. COM 70959W103 682 6,930 SH   SOLE NONE 6,930 0 0
Phillips 66 COM 718546104 639 7,920 SH   SOLE NONE 7,920 0 0
ProPetro Holding Corp. COM 74347M108 20,285 2,519,910 SH   SOLE NONE 2,003,260 0 516,650
Ryerson Holding Corporation COM 783754104 477 18,550 SH   SOLE NONE 18,550 0 0
Sanmina Corporation COM 801056102 697 15,130 SH   SOLE NONE 15,130 0 0
Schnitzer Steel Industries, In CL A 806882106 484 16,990 SH   SOLE NONE 16,990 0 0
Sportsman's Warehouse Holdings COM 84920Y106 17,108 2,061,220 SH   SOLE NONE 1,796,980 0 264,240
Stellantis N.V. SHS N82405106 22,449 1,896,020 SH   SOLE NONE 1,647,780 0 248,240
Sterling Infrastructure, Inc. COM 859241101 15,903 740,723 SH   SOLE NONE 740,723 0 0
Taylor Morrison Home Corporati COM 87724P106 16,838 722,050 SH   SOLE NONE 627,440 0 94,610
Ternium S.A. SPONSORED ADS 880890108 463 16,920 SH   SOLE NONE 16,920 0 0
The Gap, Inc. COM 364760108 21,657 2,637,840 SH   SOLE NONE 2,295,700 0 342,140
The ODP Corporation COM 88337F105 520 14,780 SH   SOLE NONE 14,780 0 0
TimkenSteel Corporation COM 887399103 648 43,200 SH   SOLE NONE 43,200 0 0
United Natural Foods, Inc. COM 911163103 24,629 716,590 SH   SOLE NONE 572,860 0 143,730
Valero Energy Corporation COM 91913Y100 813 7,610 SH   SOLE NONE 7,610 0 0
Veritiv Corporation COM 923454102 542 5,540 SH   SOLE NONE 5,540 0 0
Victoria's Secret & Co. COMMON STOCK 926400102 23,354 801,990 SH   SOLE NONE 698,970 0 103,020
Walgreens Boots Alliance, Inc. COM 931427108 457 14,560 SH   SOLE NONE 14,560 0 0
World Fuel Services Corporatio COM 981475106 458 19,520 SH   SOLE NONE 19,520 0 0