| Stock | Company | % Portfolio | Shares Held | Market Value | Change in Shares | % Change | Quarter End Price | Source |
|---|---|---|---|---|---|---|---|---|
| GNW | GENWORTH FINANCIAL INC. | 4.34% | 25,949,469 | $181,386,788 | 934,175 | 3.73% | $6.99 | 13F |
| EGO | ELDORADO GOLD | 4.3% | 12,100,980 | $179,941,573 | 309,599 | 2.63% | $14.87 | 13F |
| CIVI | CIVITAS RESOURCES INC | 4.15% | 3,784,984 | $173,617,216 | 611,082 | 19.25% | $45.87 | 13F |
| X | UNITED STATES STEEL CORP | 3.89% | 4,788,075 | $162,746,669 | 68,230 | 1.45% | $33.99 | 13F |
| IAG | IAMGOLD CORP | 3.85% | 31,233,874 | $161,166,790 | 216,751 | 0.7% | $5.16 | 13F |
| MHO | M/I HOMES | 3.7% | 1,164,189 | $154,778,928 | 65,771 | 5.99% | $132.95 | 13F |
| EQX | EQUINOX GOLD CORP | 3.24% | 26,999,983 | $135,539,915 | 8,949,544 | 49.58% | $5.02 | 13F |
| PK | PARK HOTELS & RESORTS INC | 3.09% | 9,200,125 | $129,445,759 | 1,122,839 | 13.9% | $14.07 | 13F |
| SPNT | SIRIUSPOINT LTD | 3.09% | 7,887,887 | $129,282,468 | 900,209 | 12.88% | $16.39 | 13F |
| HHH | HOWARD HUGHES HOLDINGS INC | 3.06% | 1,661,280 | $127,785,658 | 9,093 | 0.55% | $76.92 | 13F |
| ALGT | ALLEGIANT TRAVEL CO | 2.29% | 1,018,449 | $95,856,420 | 24,975 | 2.51% | $94.12 | 13F |
| C | CITIGROUP | 2.2% | 1,305,083 | $91,864,792 | 26,463 | 2.07% | $70.39 | 13F |
| ALLY | ALLY FINANCIAL INC | 2.18% | 2,536,066 | $91,323,737 | 20,499 | 0.81% | $36.01 | 13F |
| GM | GENERAL MOTORS | 2.12% | 1,665,042 | $88,696,787 | 35,469 | 2.18% | $53.27 | 13F |
| TX | TERNIUM SA | 2.1% | 3,022,803 | $87,903,111 | 483,052 | 19.02% | $29.08 | 13F |
| TPC | TUTOR PERINI CORP | 2% | 3,450,257 | $83,496,219 | 179,819 | 5.5% | $24.2 | 13F |
| ASTL | ALGOMA STEEL GROUP INC | 1.89% | 8,067,603 | $78,901,157 | 4,736 | 0.06% | $9.78 | 13F |
| MOS | THE MOSAIC COMPANY | 1.84% | 3,138,125 | $77,135,113 | 386,545 | 14.05% | $24.58 | 13F |
| GSL | GLOBAL SHIP LEASE INC- CL A | 1.64% | 3,139,470 | $68,534,630 | 1,281,941 | 69.01% | $21.83 | 13F |
| RLJ | RLJ LODGING TRUST | 1.41% | 5,756,233 | $58,771,139 | 901,111 | 18.56% | $10.21 | 13F |
| NMR | NOMURA HOLDINGS INC | 1.29% | 9,318,383 | $53,953,438 | 2,846,601 | 43.98% | $5.79 | 13F |
| CGAU | CENTERRA GOLD INC. | 1.19% | 8,723,060 | $49,634,211 | 2,017,756 | 30.09% | $5.69 | 13F |
| NMIH | NMI HOLDINGS INC - CLASS A | 1.15% | 1,307,868 | $48,077,228 | 337,996 | 34.85% | $36.76 | 13F |
| CLDT | CHATHAM LODGING TRUST | 0.96% | 4,497,679 | $40,254,227 | 1,055,999 | 30.68% | $8.95 | 13F |
| UVE | UNIVERSAL INSURANCE HOLDINGS | 0.87% | 1,720,519 | $36,234,130 | 174,843 | 11.31% | $21.06 | 13F |
| HBM | HUDBAY MINERALS | 0.82% | 4,225,627 | $34,227,579 | 476,847 | 12.72% | $8.1 | 13F |
| GAU | GALIANO GOLD INC | 0.76% | 25,708,407 | $31,621,341 | 1,827,084 | 7.65% | $1.23 | 13F |
| GSM | FERROGLOBE PLC | 0.54% | 5,951,051 | $22,613,994 | 5,326,051 | 852.17% | $3.8 | 13F |
| INSW | INTERNATIONAL SEAWAYS | 0.31% | 362,192 | $13,017,180 | 158,495 | 77.81% | $35.94 | 13F |
| GHLD | GUILD HOLDINGS CO- CLASS A | 0.12% | 344,742 | $4,864,310 | 1,535 | 0.45% | $14.11 | 13F |
| VTOL | BRISTOW GROUP INC | 0.08% | 91,735 | $3,146,511 | 17,362 | 23.34% | $34.3 | 13F |
| TWI | TITAN INTERNATIONAL INC | 0.08% | 500,905 | $3,401,145 | 103,105 | 25.92% | $6.79 | 13F |