Q4 2025 Holdings
Filed 2026-02-11 | 60 holdings | $5.3B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↑ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Great Panther Mining | COM | 39115V101 | $47 | 472,001 | 0.0% |
| Resolute Forest Products - Contingent Value RTS(CRF) | WTS | 761CVR042 | $8.3K | 5,866 | 0.0% |
| Azure Power Global LTD | COM | V0393H103 | $299.1K | 299,126 | 0.0% |
| Hudbay Minerals(HBM) | COM | 443628102 | $712.9K | 35,913 | 0.0% |
| Waterstone Financial Inc(WSBF) | COM | 94188P101 | $2.1M | 127,770 | 0.0% |
| Russell 1000(IWD) | COM | 464287598 | $2.7M | 13,000 | 0.1% |
| Advansix Inc(ASIX) | COM | 00773T101 | $4.3M | 245,950 | 0.1% |
| Perpetua Resources Corp(PPTA) | COM | 714266103 | $5.8M | 238,000 | 0.1% |
| AIR France KLM(AFLYY) | COM | 009119108 | $6.0M | 4,580,489 | 0.1% |
| Dakota Gold Corp(DC) | COM | 46655E100 | $6.1M | 1,080,000 | 0.1% |
| Bristow Group Inc(VTOL) | COM | 11040G103 | $6.3M | 172,897 | 0.1% |
| Cool Co LTD | COM | G2415A113 | $7.1M | 737,772 | 0.1% |
| James River Group Holdings(JRVR) | COM | 46990A102 | $10.6M | 1,671,220 | 0.2% |
| Motorcar Parts of America(MPAA) | COM | 620071100 | $11.8M | 960,289 | 0.2% |
| Hooker Furnishings Corp(HOFT) | COM | 439038100 | $12.0M | 1,066,754 | 0.2% |
| NMI Holdings Inc(NMIH) | COM | 629209305 | $15.3M | 375,207 | 0.3% |
| Metallus Inc(MTUS) | COM | 887399103 | $16.5M | 963,671 | 0.3% |
| Algoma Steel Group Inc(ASTL) | COM | 015658107 | $24.0M | 5,861,631 | 0.5% |
| Ferroglobe PLC(GSM) | COM | G33856108 | $24.9M | 5,359,073 | 0.5% |
| Titan International Inc(TWI) | COM | 88830M102 | $27.3M | 3,491,649 | 0.5% |
| Mohawk Industries Inc(MHK) | COM | 608190104 | $31.6M | 289,009 | 0.6% |
| Chatham Lodging Trust(CLDT) | COM | 16208T102 | $31.9M | 4,684,548 | 0.6% |
| Universal Insurance Holdings(UVE) | COM | 91359V107 | $38.8M | 1,149,374 | 0.7% |
| KB Home(KBH) | COM | 48666K109 | $40.9M | 725,394 | 0.8% |
| Hamilton Insurance Group(HG) | COM | G42706104 | $43.3M | 1,552,870 | 0.8% |
| Ryerson Holding Corp(RYI) | COM | 783754104 | $47.6M | 1,889,916 | 0.9% |
| Galiano Gold Inc(GAU) | COM | 36352H100 | $58.1M | 22,956,283 | 1.1% |
| Beazer Homes USA Inc(BZH) | COM | 07556Q881 | $61.1M | 3,014,788 | 1.1% |
| Global Ship Lease Inc(GSL) | COM | Y27183600 | $73.2M | 2,088,499 | 1.4% |
| Honda Motor Co ADR(HMC) | COM | 438128308 | $78.1M | 2,648,828 | 1.5% |
| Golar LNG LTD(GLNG) | COM | G9456A100 | $80.1M | 2,151,627 | 1.5% |
| Howard Hughes Holdings Inc(HHH) | COM | 44267T102 | $81.4M | 1,020,969 | 1.5% |
| Gerdau SA(GGB) | COM | 373737105 | $89.3M | 24,211,588 | 1.7% |
| West Fraser Timber Co LTD(WFG) | COM | 952845105 | $91.0M | 1,489,342 | 1.7% |
| Taylor Morrison Home Corp(TMHC) | COM | 87724P106 | $97.3M | 1,652,725 | 1.8% |
| RLJ Lodging Trust(RLJ) | COM | 74965L101 | $97.9M | 13,140,744 | 1.8% |
| Equinox Gold Corp(EQX) | COM | 29446Y502 | $99.0M | 7,049,326 | 1.9% |
| Unum Group(UNM) | COM | 91529Y106 | $101.9M | 1,315,212 | 1.9% |
| Nomura Holdings Inc(NMR) | COM | 65535H208 | $106.5M | 12,695,534 | 2.0% |
| Radian Group Inc(RDN) | COM | 750236101 | $108.4M | 3,012,255 | 2.0% |
| The Mosaic Company(MOS) | COM | 61945C103 | $111.4M | 4,622,405 | 2.1% |
| Tutor Perini Corp(TPC) | COM | 901109108 | $121.3M | 1,810,076 | 2.3% |
| Civitas Resources Inc(CIVI) | COM | 17888H103 | $121.5M | 4,485,476 | 2.3% |
| Ally Financial Inc(ALLY) | COM | 02005N100 | $123.3M | 2,722,909 | 2.3% |
| Corebridge Financial Inc(CRBG) | COM | 21871X109 | $131.1M | 4,344,219 | 2.5% |
| General Motors(GM) | COM | 37045V100 | $138.4M | 1,702,430 | 2.6% |
| Allegiant Travel Co(ALGT) | COM | 01748X102 | $144.8M | 1,697,898 | 2.7% |
| Ternium SA(TX) | COM | 880890108 | $145.5M | 3,808,645 | 2.7% |
| Citigroup Inc(C) | COM | 172967424 | $147.1M | 1,260,430 | 2.8% |
| Everest Group Ltd.(EG) | COM | G3223R108 | $147.9M | 435,696 | 2.8% |