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Vanguard® Extended Market Index Fund
Schedule of Investments (unaudited)
As of March 31, 2023
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
          Shares Market
Value
($000)
Common Stocks (99.0%)
Communication Services (4.1%)
* Trade Desk Inc. Class A  6,188,962    376,970
* ROBLOX Corp. Class A  5,045,676    226,955
* Pinterest Inc. Class A  8,246,205    224,874
* Liberty Media Corp.-Liberty Formula One Class C  2,888,916    216,178
* Snap Inc. Class A 13,680,619    153,360
* Liberty Broadband Corp. Class C  1,693,421    138,353
* Roku Inc. Class A  1,694,178    111,511
  Iridium Communications Inc.  1,721,288    106,599
* ZoomInfo Technologies Inc. Class A  3,753,107     92,739
* Liberty Global plc Class C  4,452,210     90,736
  Nexstar Media Group Inc. Class A    521,222     89,994
  New York Times Co. Class A  2,278,839     88,601
* Frontier Communications Parent Inc. 3,077,503 70,075
* Endeavor Group Holdings Inc. Class A 2,408,748 57,641
* Liberty Media Corp.-Liberty SiriusXM Class C 2,049,826 57,375
* IAC Inc. 1,098,936 56,705
  World Wrestling Entertainment Inc. Class A 598,232 54,595
  Warner Music Group Corp. Class A 1,632,925 54,491
  TEGNA Inc. 3,063,573 51,805
* Ziff Davis Inc. 643,263 50,207
  Madison Square Garden Sports Corp. 246,144 47,961
  Cable One Inc. 66,891 46,957
  Cogent Communications Holdings Inc. 585,049 37,279
*,1 AMC Entertainment Holdings Inc. Class A 7,193,186 36,038
  Lumen Technologies Inc. 12,470,004 33,046
* Liberty Media Corp.-Liberty SiriusXM Class A 1,093,014 30,703
* Yelp Inc. Class A 948,606 29,122
* Liberty Global plc Class A 1,475,558 28,773
* TripAdvisor Inc. 1,446,562 28,729
* Bumble Inc. Class A 1,283,544 25,093
  Shutterstock Inc. 330,803 24,016
* Cargurus Inc. Class A 1,259,590 23,529
  John Wiley & Sons Inc. Class A 597,072 23,148
* Cinemark Holdings Inc. 1,495,875 22,124
1 Sirius XM Holdings Inc. 5,495,501 21,817
* Liberty Media Corp.-Liberty Formula One Class A 321,941 21,731
* Madison Square Garden Entertainment Corp. 367,812 21,727
* Lions Gate Entertainment Corp. Class B 1,629,117 16,910
* Liberty Latin America Ltd. Class C 2,016,811 16,659
* Cars.com Inc. 862,921 16,654
* Liberty Broadband Corp. Class A 194,261 15,953

          Shares Market
Value
($000)
* Radius Global Infrastructure Inc.  1,033,551     15,162
* Magnite Inc.  1,605,590     14,868
  Telephone & Data Systems Inc.  1,385,527     14,562
* Liberty Media Corp.-Liberty Braves Class C    426,994     14,385
  Scholastic Corp.    413,774     14,159
* Playtika Holding Corp.  1,251,496     14,092
* TechTarget Inc.    376,469     13,598
  Shenandoah Telecommunications Co.    704,008     13,390
* Gogo Inc.    878,772     12,742
  Gray Television Inc.  1,355,422     11,819
* QuinStreet Inc.    714,962     11,346
*,1 Rumble Inc.  1,113,100     11,131
* Globalstar Inc.  9,562,072     11,092
* ZipRecruiter Inc. Class A    683,390     10,893
* Stagwell Inc. Class A 1,452,073 10,774
* Lions Gate Entertainment Corp. Class A 971,110 10,750
* Altice USA Inc. Class A 3,013,016 10,305
  Sinclair Broadcast Group Inc. Class A 588,186 10,093
* Eventbrite Inc. Class A 1,143,818 9,814
* Thryv Holdings Inc. 421,311 9,715
* IDT Corp. Class B 284,010 9,679
* Anterix Inc. 268,743 8,879
* Vimeo Inc. 2,267,085 8,683
* EchoStar Corp. Class A 468,468 8,568
* PubMatic Inc. Class A 608,560 8,410
* Clear Channel Outdoor Holdings Inc. 6,703,842 8,045
* WideOpenWest Inc. 745,295 7,923
* EW Scripps Co. Class A 821,023 7,726
* Integral Ad Science Holding Corp. 524,105 7,479
*,1 Liberty Media Corp.-Liberty Braves Class A 198,753 6,873
* AMC Networks Inc. Class A 373,277 6,562
* Liberty Latin America Ltd. Class A 782,978 6,507
* Boston Omaha Corp. Class A 265,616 6,287
  ATN International Inc. 143,260 5,862
1 Marcus Corp. 355,173 5,683
* iHeartMedia Inc. Class A 1,444,283 5,633
  Entravision Communications Corp. Class A 843,263 5,102
* Sciplay Corp. Class A 298,542 5,063
* MediaAlpha Inc. Class A 310,583 4,653
* Bandwidth Inc. Class A 305,566 4,645
* United States Cellular Corp. 217,091 4,500
*,1 AST SpaceMobile Inc. Class A 857,083 4,354
* Playstudios Inc. 1,155,348 4,263
* Nextdoor Holdings Inc. 1,931,386 4,152
* Quotient Technology Inc. 1,246,180 4,087
* Gannett Co. Inc. 2,137,573 3,997
* Ooma Inc. 313,364 3,920
* EverQuote Inc. Class A 263,204 3,659
*,1 fuboTV Inc. 2,660,707 3,219
* Daily Journal Corp. 11,129 3,171
  Spok Holdings Inc. 312,285 3,163
* Consolidated Communications Holdings Inc. 1,105,789 2,853
* Reservoir Media Inc. 421,767 2,750
* TrueCar Inc. 1,104,922 2,541
*,1 Vivid Seats Inc. Class A 307,910 2,349
*,1 Angi Inc. Class A 1,033,556 2,346
* Skillz Inc. Class A 3,805,210 2,257
* DHI Group Inc. 579,021 2,247

          Shares Market
Value
($000)
* Advantage Solutions Inc.  1,380,488      2,181
*,1 Grindr Inc.    327,446      2,037
* Outbrain Inc.    481,483      1,989
*,1 Loop Media Inc.    302,285      1,738
* Urban One Inc. Class A    224,266      1,693
*,1 Cardlytics Inc.    473,640      1,608
* Innovid Corp.  1,096,327      1,546
* Charge Enterprises Inc.  1,314,624      1,446
  Saga Communications Inc. Class A     63,085      1,402
* Emerald Holding Inc.    361,008      1,343
*,1 Genius Brands International Inc.    445,653      1,217
* comScore Inc.    942,364      1,159
  Townsquare Media Inc. Class A    136,531      1,092
*,1 System1 Inc.    241,575      1,039
*,1 AdTheorent Holding Co. Inc. 569,797 963
* LiveOne Inc. 821,704 937
* Golden Matrix Group Inc. 331,376 878
* Liberty TripAdvisor Holdings Inc. Class A 1,019,344 876
* Lee Enterprises Inc. 68,489 853
*,1 Vinco Ventures Inc. 2,638,466 848
* Cumulus Media Inc. Class A 227,161 838
*,1 Cinedigm Corp. Class A 1,885,033 792
* Marchex Inc. Class B 400,779 729
* Arena Group Holdings Inc. 166,131 706
* Reading International Inc. Class A 212,246 690
*,1,2 NII Holdings Inc. 1,297,367 649
* Travelzoo 102,473 619
* Harte Hanks Inc. 61,522 579
* Gaia Inc. Class A 194,494 539
* BuzzFeed Inc. 471,268 533
* CuriosityStream Inc. 392,619 530
*,1 KORE Group Holdings Inc. 433,857 529
* Fluent Inc. 639,548 524
* IZEA Worldwide Inc. 785,862 512
* FG Group Holdings Inc. 249,852 502
*,1 SurgePays Inc. 78,212 351
* Zedge Inc. Class B 160,996 314
*,1 Wejo Group Ltd. 528,551 261
*,1 Super League Gaming Inc. 415,710 231
*,1 Professional Diversity Network Inc. 49,286 219
* Audacy Inc. Class A 1,581,121 213
*,1 Paltalk Inc. 99,785 213
*,1 Chicken Soup For The Soul Entertainment Inc. Class A 102,544 205
*,1 Stran & Co. Inc. 103,837 181
* SPAR Group Inc. 120,508 157
* Dolphin Entertainment Inc. 86,620 157
*,1 FaZe Holdings Inc. 342,307 157
*,1 Leafly Holdings Inc. 365,726 146
* Salem Media Group Inc. Class A 122,967 134
*,1 Insignia Systems Inc. 17,941 130
  DallasNews Corp. 29,018 128
1 National CineMedia Inc. 868,959 115
* Liberty Global plc Class B 5,315 106
* Direct Digital Holdings Inc. Class A 32,227 104
*,1 Society Pass Inc. 96,225 98
* Kubient Inc. 116,009 80
* Urban One Inc. 11,744 65
*,1 Motorsport Games Inc. Class A 10,638 61

          Shares Market
Value
($000)
*,1 Creative Realities Inc.     25,323         56
* Beasley Broadcast Group Inc. Class A     66,912         55
*,1 Digital Media Solutions Inc.     30,868         35
*,1 NextPlay Technologies Inc.     28,329         29
*,1 Troika Media Group Inc.     80,805         20
*,1 Treasure Global Inc.     10,664         18
*,1 Cuentas Inc.      3,165         17
*,1 Mobiquity Technologies Inc.     79,002         14
*,1 Grom Social Enterprises Inc.      3,532          2
* NextPlat Corp.        300         —
            3,420,701
Consumer Discretionary (11.9%)
* Airbnb Inc. Class A  5,308,925    660,430
* Lululemon Athletica Inc.  1,612,797    587,365
* DoorDash Inc. Class A 3,651,933 232,117
* Burlington Stores Inc. 906,762 183,257
* Deckers Outdoor Corp. 365,447 164,287
* Five Below Inc. 770,152 158,628
  Service Corp. International 2,128,124 146,372
* Floor & Decor Holdings Inc. Class A 1,474,368 144,812
  Vail Resorts Inc. 558,361 130,478
  Aramark 3,606,502 129,113
* DraftKings Inc. Class A 6,247,414 120,950
  Dick's Sporting Goods Inc. 829,604 117,713
* Rivian Automotive Inc. Class A 7,603,445 117,701
  Churchill Downs Inc. 456,716 117,399
  Lear Corp. 818,440 114,164
  Williams-Sonoma Inc. 922,477 112,229
* Crocs Inc. 843,651 106,671
  Autoliv Inc. 1,074,814 100,345
  Texas Roadhouse Inc. Class A 912,080 98,559
  Tempur Sealy International Inc. 2,363,451 93,333
* TopBuild Corp. 442,348 92,070
  Gentex Corp. 3,244,988 90,957
* Mattel Inc. 4,919,674 90,571
* Planet Fitness Inc. Class A 1,160,421 90,130
* Skechers USA Inc. Class A 1,855,813 88,188
  Lithia Motors Inc. Class A 379,557 86,892
  Toll Brothers Inc. 1,414,001 84,882
  Polaris Inc. 752,612 83,261
  Wyndham Hotels & Resorts Inc. 1,220,832 82,833
  Brunswick Corp. 1,002,830 82,232
* Capri Holdings Ltd. 1,745,946 82,059
*,1 GameStop Corp. Class A 3,513,684 80,885
  PVH Corp. 877,351 78,225
* Light & Wonder Inc. 1,296,976 77,883
  Wingstop Inc. 408,681 75,026
  H&R Block Inc. 2,109,013 74,343
* Hyatt Hotels Corp. Class A 664,942 74,334
  Marriott Vacations Worldwide Corp. 530,510 71,545
  Murphy USA Inc. 276,257 71,288
  Boyd Gaming Corp. 1,096,717 70,322
* Fox Factory Holding Corp. 578,326 70,191
  Harley-Davidson Inc. 1,839,187 69,834
  Academy Sports & Outdoors Inc. 1,069,286 69,771
  Macy's Inc. 3,746,529 65,527
* Penn Entertainment Inc. 2,155,708 63,938
* AutoNation Inc. 473,543 63,625

          Shares Market
Value
($000)
* RH    259,620     63,230
* Asbury Automotive Group Inc.    300,955     63,201
* Bright Horizons Family Solutions Inc.    801,494     61,707
* Visteon Corp.    382,318     59,959
  Meritage Homes Corp.    505,882     59,067
1 Thor Industries Inc.    739,852     58,922
  Leggett & Platt Inc.  1,825,418     58,194
* Taylor Morrison Home Corp. Class A  1,493,807     57,153
*,1 Lucid Group Inc.  7,033,284     56,548
* Skyline Champion Corp.    737,929     55,514
* Adient plc  1,291,040     52,881
* Peloton Interactive Inc. Class A  4,554,753     51,651
  Wendy's Co.  2,359,431     51,388
* Duolingo Inc. Class A    351,160     50,072
  Signet Jewelers Ltd. 628,035 48,849
  Penske Automotive Group Inc. 343,207 48,670
* Hilton Grand Vacations Inc. 1,092,966 48,560
* Grand Canyon Education Inc. 423,400 48,225
* YETI Holdings Inc. 1,186,382 47,455
* Ollie's Bargain Outlet Holdings Inc. 794,426 46,029
  KB Home 1,118,714 44,950
  Choice Hotels International Inc. 382,417 44,815
  Group 1 Automotive Inc. 197,125 44,633
  Columbia Sportswear Co. 487,380 43,981
  Travel + Leisure Co. 1,109,188 43,480
  Foot Locker Inc. 1,083,927 43,021
* Goodyear Tire & Rubber Co. 3,809,940 41,986
* Topgolf Callaway Brands Corp. 1,894,435 40,958
* Victoria's Secret & Co. 1,119,921 38,245
  LCI Industries 347,136 38,140
  Carter's Inc. 519,691 37,376
  Steven Madden Ltd. 1,019,806 36,713
  Installed Building Products Inc. 321,856 36,701
*,1 Chewy Inc. Class A 975,163 36,452
* Cavco Industries Inc. 112,510 35,749
  Kohl's Corp. 1,512,589 35,606
1 Cracker Barrel Old Country Store Inc. 309,577 35,168
* Tri Pointe Homes Inc. 1,360,693 34,453
* Sonos Inc. 1,729,236 33,928
* Dorman Products Inc. 391,308 33,754
* Under Armour Inc. Class C 3,903,032 33,293
* SeaWorld Entertainment Inc. 541,967 33,228
  Papa John's International Inc. 439,242 32,912
*,1 Wayfair Inc. Class A 945,644 32,473
  Kontoor Brands Inc. 669,787 32,411
* LGI Homes Inc. 279,196 31,837
  American Eagle Outfitters Inc. 2,356,092 31,666
*,1 QuantumScape Corp. Class A 3,867,397 31,635
  Graham Holdings Co. Class B 52,793 31,456
* Boot Barn Holdings Inc. 407,119 31,202
* Helen of Troy Ltd. 327,382 31,157
* Frontdoor Inc. 1,105,574 30,823
1 Bloomin' Brands Inc. 1,189,665 30,515
  MDC Holdings Inc. 780,172 30,325
  Red Rock Resorts Inc. Class A 670,978 29,906
1 Gap Inc. 2,910,796 29,224
* Shake Shack Inc. Class A 513,542 28,496
* Chegg Inc. 1,721,954 28,068

          Shares Market
Value
($000)
*,1 Mobileye Global Inc. Class A    647,376     28,012
* Six Flags Entertainment Corp.  1,025,386     27,388
* Gentherm Inc.    452,683     27,351
  Strategic Education Inc.    303,643     27,276
  Dana Inc.  1,753,119     26,384
  Hanesbrands Inc.  4,850,997     25,516
  Jack in the Box Inc.    286,713     25,113
* ODP Corp.    551,906     24,825
1 Nordstrom Inc.  1,521,541     24,755
  Century Communities Inc.    383,266     24,498
  Levi Strauss & Co. Class A  1,330,673     24,258
* Adtalem Global Education Inc.    620,111     23,949
  Winnebago Industries Inc.    410,729     23,699
* M/I Homes Inc.    367,726     23,200
  Cheesecake Factory Inc. 657,920 23,060
* Brinker International Inc. 603,054 22,916
* Urban Outfitters Inc. 825,689 22,888
  Acushnet Holdings Corp. 449,064 22,875
* Leslie's Inc. 2,071,347 22,806
* Sally Beauty Holdings Inc. 1,445,367 22,519
* Stride Inc. 560,064 21,983
  Laureate Education Inc. Class A 1,868,198 21,970
  ADT Inc. 2,991,609 21,629
  Oxford Industries Inc. 203,783 21,517
* Vista Outdoor Inc. 773,104 21,423
* Dave & Buster's Entertainment Inc. 573,965 21,116
* Everi Holdings Inc. 1,222,761 20,970
*,1 Luminar Technologies Inc. Class A 3,207,174 20,815
  Monro Inc. 420,234 20,772
* National Vision Holdings Inc. 1,076,629 20,284
  Patrick Industries Inc. 294,245 20,247
* Sabre Corp. 4,487,977 19,253
* Abercrombie & Fitch Co. Class A 680,538 18,885
  Wolverine World Wide Inc. 1,093,488 18,644
* XPEL Inc. 269,239 18,295
  La-Z-Boy Inc. 600,772 17,470
* Under Armour Inc. Class A 1,827,381 17,342
* Playa Hotels & Resorts NV 1,793,591 17,218
* Modine Manufacturing Co. 710,967 16,388
  Upbound Group Inc. 668,010 16,373
* iRobot Corp. 372,596 16,260
* Revolve Group Inc. Class A 617,521 16,241
* Malibu Boats Inc. Class A 284,415 16,055
  Dine Brands Global Inc. 218,014 14,746
* TravelCenters of America Inc. 169,918 14,698
1 Krispy Kreme Inc. 930,574 14,470
  Buckle Inc. 401,664 14,335
  Sturm Ruger & Co. Inc. 246,661 14,168
1 Dillard's Inc. Class A 45,831 14,101
  Monarch Casino & Resort Inc. 185,891 13,784
*,1 Fisker Inc. Class A 2,241,124 13,761
* Coursera Inc. 1,190,792 13,718
*,1 Carvana Co. Class A 1,389,303 13,601
* Green Brick Partners Inc. 370,086 12,975
*,1 Dutch Bros Inc. Class A 408,516 12,921
* Golden Entertainment Inc. 294,351 12,807
* Portillo's Inc. Class A 594,663 12,708
* Overstock.com Inc. 621,875 12,605

          Shares Market
Value
($000)
* Life Time Group Holdings Inc.    784,764     12,525
  Sonic Automotive Inc. Class A    230,451     12,523
* American Axle & Manufacturing Holdings Inc.  1,594,878     12,456
* Perdoceo Education Corp.    892,104     11,981
  Winmark Corp.     36,584     11,723
  Camping World Holdings Inc. Class A    543,189     11,336
  Caleres Inc.    495,489     10,717
  Hibbett Inc.    175,306     10,340
  Standard Motor Products Inc.    278,387     10,275
1 Franchise Group Inc.    374,568     10,207
* OneSpaWorld Holdings Ltd.    836,493     10,030
* Petco Health & Wellness Co. Inc. Class A  1,092,870      9,836
* BJ's Restaurants Inc.    336,434      9,804
*,1 Mister Car Wash Inc.  1,114,991      9,611
* Chico's FAS Inc. 1,742,764 9,585
* Xponential Fitness Inc. Class A 310,103 9,424
* G-III Apparel Group Ltd. 604,692 9,403
* Warby Parker Inc. Class A 857,152 9,077
* Sleep Number Corp. 298,191 9,068
  RCI Hospitality Holdings Inc. 115,982 9,066
* GoPro Inc. Class A 1,766,363 8,885
  Arko Corp. 1,031,096 8,754
* Chuy's Holdings Inc. 243,158 8,717
  Ethan Allen Interiors Inc. 316,407 8,689
* Denny's Corp. 777,754 8,680
* MarineMax Inc. 298,372 8,578
  Guess? Inc. 423,881 8,249
* Sweetgreen Inc. Class A 1,035,184 8,116
* Udemy Inc. 906,277 8,002
*,1 Bowlero Corp. 470,682 7,978
  Smith & Wesson Brands Inc. 646,828 7,962
* MasterCraft Boat Holdings Inc. 254,529 7,745
*,1 EVgo Inc. Class A 982,093 7,651
* 2U Inc. 1,100,304 7,537
  European Wax Center Inc. Class A 396,264 7,529
* Accel Entertainment Inc. Class A 812,250 7,400
* Stoneridge Inc. 394,022 7,368
*,1 Bally's Corp. 376,550 7,350
  Ruth's Hospitality Group Inc. 446,079 7,325
* Vizio Holding Corp. Class A 784,184 7,199
  Movado Group Inc. 232,531 6,690
* America's Car-Mart Inc. 84,020 6,655
* Children's Place Inc. 164,374 6,616
  Shoe Carnival Inc. 247,954 6,360
*,1 Garrett Motion Inc. 828,479 6,346
* Rover Group Inc. Class A 1,387,796 6,287
1 Designer Brands Inc. Class A 715,376 6,252
  Haverty Furniture Cos. Inc. 192,903 6,156
* Genesco Inc. 166,555 6,143
* Beazer Homes USA Inc. 378,613 6,012
* Lovesac Co. 207,135 5,986
  Carriage Services Inc. Class A 195,549 5,968
1 Cricut Inc. Class A 573,526 5,850
  Johnson Outdoors Inc. Class A 81,548 5,138
* Stitch Fix Inc. Class A 992,504 5,072
  PetMed Express Inc. 301,105 4,890
* Qurate Retail Inc. Class A 4,821,924 4,763
*,1 Solid Power Inc. 1,518,404 4,570

          Shares Market
Value
($000)
* Hovnanian Enterprises Inc. Class A     67,123      4,554
1 Big Lots Inc.    414,679      4,545
* Inspired Entertainment Inc.    349,777      4,474
  Aaron's Co. Inc.    461,660      4,460
* Lindblad Expeditions Holdings Inc.    463,757      4,434
*,1 OneWater Marine Inc. Class A    157,507      4,405
*,1 Target Hospitality Corp.    331,309      4,353
* Zumiez Inc.    236,002      4,352
* 1-800-Flowers.com Inc. Class A    375,856      4,322
* Funko Inc. Class A    455,981      4,300
* Sportsman's Warehouse Holdings Inc.    502,889      4,265
  Build-A-Bear Workshop Inc.    179,845      4,180
*,1 Soho House & Co. Inc. Class A    636,439      4,162
* Destination XL Group Inc.    737,663      4,065
  Clarus Corp. 405,935 3,836
*,1 Dream Finders Homes Inc. Class A 275,111 3,645
* Nerdy Inc. 863,470 3,609
*,1 Vuzix Corp. 867,974 3,593
*,1 Traeger Inc. 872,134 3,584
* Universal Technical Institute Inc. 477,942 3,527
* CarParts.com Inc. 660,485 3,527
* Kura Sushi USA Inc. Class A 52,703 3,470
* Cooper-Standard Holdings Inc. 241,481 3,439
* Full House Resorts Inc. 461,984 3,340
*,1 ContextLogic Inc. Class A 7,421,241 3,308
* Red Robin Gourmet Burgers Inc. 224,451 3,214
* WW International Inc. 776,605 3,200
*,1 Workhorse Group Inc. 2,333,823 3,104
  Nathan's Famous Inc. 40,687 3,076
  Bluegreen Vacations Holding Corp. Class A 112,101 3,069
* Legacy Housing Corp. 132,787 3,022
* PlayAGS Inc. 417,302 2,984
  Hooker Furnishings Corp. 163,872 2,981
* GrowGeneration Corp. 831,148 2,843
* Potbelly Corp. 339,664 2,829
* Century Casinos Inc. 379,410 2,781
*,1 Mullen Automotive Inc. 21,015,957 2,759
* VOXX International Corp. Class A 217,794 2,685
* ONE Group Hospitality Inc. 327,587 2,653
* Tilly's Inc. Class A 335,590 2,587
* Noodles & Co. Class A 532,921 2,585
  El Pollo Loco Holdings Inc. 268,473 2,575
* Rush Street Interactive Inc. 811,176 2,523
*,1 Arhaus Inc. Class A 296,417 2,457
*,1 AMMO Inc. 1,240,817 2,444
* ThredUp Inc. Class A 954,337 2,414
* First Watch Restaurant Group Inc. 149,954 2,408
*,1 Faraday Future Intelligent Electric Inc. 6,701,488 2,373
  Cato Corp. Class A 258,740 2,287
* Purple Innovation Inc. Class A 851,041 2,247
  Bassett Furniture Industries Inc. 125,565 2,235
* Citi Trends Inc. 117,393 2,233
1 Big 5 Sporting Goods Corp. 287,569 2,211
* Vera Bradley Inc. 368,074 2,205
*,1 Solo Brands Inc. Class A 305,690 2,195
  Weyco Group Inc. 86,636 2,192
  Rocky Brands Inc. 91,586 2,113
* Fiesta Restaurant Group Inc. 256,301 2,107

          Shares Market
Value
($000)
* Fossil Group Inc.    655,417      2,097
*,1 Canoo Inc.  3,169,450      2,068
* Motorcar Parts of America Inc.    276,893      2,060
* Tile Shop Holdings Inc.    435,655      2,043
*,1 Holley Inc.    739,231      2,026
* American Outdoor Brands Inc.    200,117      1,969
* Lincoln Educational Services Corp.    346,738      1,963
*,1 BARK Inc.  1,318,970      1,913
  Escalade Inc.    128,578      1,877
* Snap One Holdings Corp.    199,838      1,869
* Universal Electronics Inc.    183,118      1,857
  Marine Products Corp.    138,354      1,825
*,1 Rent the Runway Inc. Class A    632,559      1,803
  Flexsteel Industries Inc.     91,978      1,772
* JAKKS Pacific Inc. 101,742 1,760
  Lakeland Industries Inc. 119,183 1,740
* Lands' End Inc. 177,155 1,722
*,1 RealReal Inc. 1,315,687 1,658
* LL Flooring Holdings Inc. 431,445 1,640
* Latham Group Inc. 572,125 1,636
* J. Jill Inc. 62,475 1,627
* Unifi Inc. 198,289 1,620
* Superior Industries International Inc. 325,372 1,611
* Allbirds Inc. Class A 1,342,425 1,611
*,1 Lordstown Motors Corp. Class A 2,407,776 1,597
* American Public Education Inc. 288,575 1,564
* Container Store Group Inc. 455,850 1,564
*,1 Vroom Inc. 1,734,495 1,559
* Global Business Travel Group I 231,672 1,536
*,1 Lazydays Holdings Inc. 119,840 1,399
* Tupperware Brands Corp. 557,250 1,393
* Sonder Holdings Inc. 1,827,128 1,383
* Strattec Security Corp. 55,293 1,258
* Spruce Power Holding Corp. 1,488,147 1,220
* Conn's Inc. 197,229 1,195
*,1 Groupon Inc. Class A 279,072 1,175
* Carrols Restaurant Group Inc. 520,619 1,161
* 1stdibs.com Inc. 291,754 1,158
* Duluth Holdings Inc. Class B 181,218 1,156
*,1 PLBY Group Inc. 578,426 1,145
* Biglari Holdings Inc. Class A 1,331 1,119
* Biglari Holdings Inc. Class B 6,550 1,108
* Landsea Homes Corp. 179,360 1,087
  Superior Group of Cos. Inc. 132,717 1,044
  Hamilton Beach Brands Holding Co. Class A 99,979 1,024
*,1 Vacasa Inc. Class A 1,043,170 1,004
* Delta Apparel Inc. 85,609 942
  Lifetime Brands Inc. 159,241 936
*,1 Aterian Inc. 996,489 857
*,1 RumbleON Inc. Class B 139,209 844
* Barnes & Noble Education Inc. 513,514 781
  Culp Inc. 147,833 769
*,1 Polished.com Inc. 1,466,710 763
*,1 Express Inc. 916,718 723
* GAN Ltd. 552,394 713
  Ark Restaurants Corp. 38,656 669
*,1 Beachbody Co. Inc. 1,378,384 665
*,1 Torrid Holdings Inc. 149,601 652

          Shares Market
Value
($000)
* Live Ventures Inc.     20,027        634
* Brilliant Earth Group Inc. Class A    149,812        586
*,1 Bed Bath & Beyond Inc.  1,367,986        585
* Nautilus Inc.    434,844        583
*,1 XWELL Inc.  1,493,810        539
*,1 F45 Training Holdings Inc.    453,331        526
*,1 Kirkland's Inc.    180,002        513
*,1 Regis Corp.    456,411        507
  Crown Crafts Inc.     82,272        476
*,1 Envirotech Vehicles Inc.    144,960        448
*,1 Koss Corp.     94,470        436
* Charles & Colvard Ltd.    444,108        413
*,1 Hall of Fame Resort & Entertainment Co.     43,733        400
  Canterbury Park Holding Corp.     16,086        394
*,1 Inspirato Inc. 392,156 376
* Sypris Solutions Inc. 190,358 373
* Rave Restaurant Group Inc. 246,505 360
  AMCON Distributing Co. 2,117 354
* Envela Corp. 52,537 342
* Vince Holding Corp. 40,186 279
1 JOANN Inc. 158,520 252
  Flanigan's Enterprises Inc. 8,548 242
*,1 Grove Collaborative Holdings 524,339 230
* Lulu's Fashion Lounge Holdings Inc. 92,833 221
*,1 Toughbuilt Industries Inc. 183,720 219
* Volcon Inc. 140,268 210
* BurgerFi International Inc. 167,859 198
*,1 AYRO Inc. 352,055 194
* Educational Development Corp. 64,779 190
*,1 Shift Technologies Inc. Class A 160,587 180
*,1 Wag! Group Co. 64,384 144
* Dixie Group Inc. 188,725 143
*,1 Lottery.com Inc. 458,347 128
* Yunhong CTI Ltd. 78,482 125
*,1 Muscle Maker Inc. 114,972 123
1 FAT Brands Inc. Class A 17,024 120
* Good Times Restaurants Inc. 44,375 118
* Kaival Brands Innovations Group Inc. 155,259 112
* Forward Industries Inc. 93,434 105
*,1 iMedia Brands Inc. 187,686 96
*,1 Allied Gaming & Entertainment Inc. 61,060 74
* Xcel Brands Inc. 113,190 69
*,1 Worksport Ltd. 44,981 66
* Twin Vee PowerCats Co. 39,000 66
* Nephros Inc. 44,580 49
*,1 Amesite Inc. 17,562 46
*,1 Esports Entertainment Group Inc. 21,756 45
*,1 Digital Brands Group Inc. 24,438 32
  Jerash Holdings US Inc. 6,274 30
*,1 Greenlane Holdings Inc. Class A 79,967 29
* aka Brands Holding Corp. 50,960 28
*,1 Arcimoto Inc. 19,661 28
* Emerson Radio Corp. 47,382 26
*,1 Nova Lifestyle Inc. 40,180 24
* EBET Inc. 27,607 11
* Harbor Custom Development Inc. 2,250 10
*,1 MGO Global Inc. 3,490 5
* Amergent Hospitality Group Inc. 19,975 3

          Shares Market
Value
($000)
*,1 Elys Game Technology Corp.      5,285          3
  FAT Brands Inc. Class B        436          2
* BT Brands Inc.        655          2
* PARTS iD Inc.      1,100         —
* Qurate Retail Inc. Class B         43         —
* Singing Machine Co. Inc.        100         —
            9,988,429
Consumer Staples (2.8%)
* BJ's Wholesale Club Holdings Inc.  1,859,015    141,415
* Performance Food Group Co.  2,159,136    130,282
* Darling Ingredients Inc.  2,220,872    129,699
  Casey's General Stores Inc.    514,505    111,370
* US Foods Holding Corp.  2,828,781    104,495
  Ingredion Inc.    897,485     91,301
  Flowers Foods Inc. 2,616,453 71,717
* Post Holdings Inc. 743,772 66,843
* BellRing Brands Inc. 1,848,290 62,842
* Coty Inc. Class A 5,063,726 61,069
* elf Beauty Inc. 689,531 56,783
  Lancaster Colony Corp. 272,736 55,333
* Celsius Holdings Inc. 546,080 50,753
* Sprouts Farmers Market Inc. 1,445,503 50,636
* Simply Good Foods Co. 1,175,514 46,750
  Albertsons Cos. Inc. Class A 2,211,737 45,960
* Hostess Brands Inc. Class A 1,823,902 45,379
* Freshpet Inc. 664,877 44,008
* Boston Beer Co. Inc. Class A 129,704 42,634
  Spectrum Brands Holdings Inc. 564,050 37,351
* TreeHouse Foods Inc. 696,594 35,129
  Inter Parfums Inc. 245,818 34,965
* Grocery Outlet Holding Corp. 1,230,231 34,766
  Coca-Cola Consolidated Inc. 62,458 33,420
  WD-40 Co. 185,985 33,115
  Cal-Maine Foods Inc. 518,713 31,584
  Energizer Holdings Inc. 886,813 30,772
  J & J Snack Foods Corp. 206,507 30,608
  Edgewell Personal Care Co. 710,894 30,156
  Nu Skin Enterprises Inc. Class A 667,521 26,240
  PriceSmart Inc. 345,551 24,700
* Herbalife Nutrition Ltd. 1,338,404 21,548
  Vector Group Ltd. 1,780,812 21,388
* United Natural Foods Inc. 803,852 21,182
* Hain Celestial Group Inc. 1,220,642 20,934
  Reynolds Consumer Products Inc. 756,005 20,790
  MGP Ingredients Inc. 210,535 20,363
  Weis Markets Inc. 224,534 19,011
* Central Garden & Pet Co. Class A 468,040 18,286
  Universal Corp. 342,638 18,122
  Andersons Inc. 432,330 17,864
  Ingles Markets Inc. Class A 197,533 17,521
* National Beverage Corp. 318,227 16,777
* Beauty Health Co. 1,266,557 15,997
* Chefs' Warehouse Inc. 466,188 15,874
  Medifast Inc. 149,187 15,466
1 B&G Foods Inc. 993,405 15,428
  Utz Brands Inc. 921,836 15,183
* Pilgrim's Pride Corp. 623,436 14,451
  Fresh Del Monte Produce Inc. 473,875 14,268

          Shares Market
Value
($000)
*,1 Beyond Meat Inc.    841,467     13,657
  Seaboard Corp.      3,585     13,515
  SpartanNash Co.    497,217     12,331
  John B Sanfilippo & Son Inc.    125,863     12,199
  Tootsie Roll Industries Inc.    246,666     11,078
* Central Garden & Pet Co.    231,850      9,520
* Duckhorn Portfolio Inc.    593,920      9,443
* USANA Health Sciences Inc.    146,563      9,219
* Sovos Brands Inc.    533,589      8,900
  Calavo Growers Inc.    254,826      7,331
* Vita Coco Co. Inc.    326,953      6,415
* Mission Produce Inc.    558,081      6,200
* Vital Farms Inc.    353,498      5,409
* Olaplex Holdings Inc.  1,181,854      5,047
  Turning Point Brands Inc. 223,595 4,696
* Seneca Foods Corp. Class A 75,346 3,938
  Limoneira Co. 200,123 3,334
  Oil-Dri Corp. of America 65,760 2,736
*,1 BRC Inc. Class A 514,782 2,646
*,1 22nd Century Group Inc. 3,172,272 2,439
  Village Super Market Inc. Class A 98,680 2,258
* Zevia PBC Class A 581,143 2,237
* HF Foods Group Inc. 530,520 2,080
* Benson Hill Inc. 1,803,065 2,074
*,1 Westrock Coffee Co. 165,102 2,021
*,1 Rite Aid Corp. 812,932 1,821
* Nature's Sunshine Products Inc. 173,811 1,775
  Natural Grocers by Vitamin Cottage Inc. 147,495 1,733
1 Alico Inc. 60,201 1,457
* Honest Co. Inc. 809,114 1,456
* Lifecore Biomedical Inc. 368,464 1,391
* Whole Earth Brands Inc. 538,584 1,379
* Thorne HealthTech Inc. 237,244 1,096
*,1 Tattooed Chef Inc. 669,353 950
* Farmer Bros Co. 228,647 883
*,1 Veru Inc. 745,233 864
* Seneca Foods Corp. Class B 13,939 750
  Lifevantage Corp. 195,613 702
* Natural Alternatives International Inc. 75,454 696
*,1 AppHarvest Inc. 997,425 611
  Natural Health Trends Corp. 109,082 539
* Lifeway Foods Inc. 85,576 517
* Rocky Mountain Chocolate Factory Inc. 96,109 514
* Splash Beverage Group Inc. 301,169 494
  United-Guardian Inc. 52,417 487
*,1 Vintage Wine Estates Inc. 431,243 461
* LifeMD Inc. 269,585 458
* Willamette Valley Vineyards Inc. 71,862 443
*,1 Local Bounti Corp. 423,617 338
*,1 Alkaline Water Co. Inc. 1,235,847 198
*,1 Blue Apron Holdings Inc. Class A 291,029 197
* S&W Seed Co. 127,046 184
* MamaMancini's Holdings Inc. 90,320 172
*,1 Boxed Inc. 654,658 124
  Mannatech Inc. 7,366 123
*,1 Real Good Food Co. Inc. Class A 26,222 111
*,1 Upexi Inc. 26,206 106
* Better Choice Co. Inc. 261,756 97

          Shares Market
Value
($000)
* Coffee Holding Co. Inc.     44,321         82
*,1 Barfresh Food Group Inc.     58,821         81
*,1 Edible Garden AG Inc.     35,337         81
*,1 Arcadia Biosciences Inc.      9,749         73
*,1 Zivo Bioscience Inc.     22,860         70
*,1 RiceBran Technologies     65,025         60
*,1 Eastside Distilling Inc.    132,920         47
* Cyanotech Corp.     52,089         47
*,1 Kalera plc      9,472         32
* Stryve Foods Inc. Class A     58,942         29
*,1 Guardion Health Sciences Inc.      3,048         19
* MedAvail Holdings Inc.     63,468         18
  Bunge Ltd.        172         16
*,1 Jupiter Wellness Inc.     10,439          5
* Bridgford Foods Corp. 136 2
            2,317,040
Energy (4.3%)
  Cheniere Energy Inc. 3,445,115 542,950
  Texas Pacific Land Corp. 85,021 144,622
  Ovintiv Inc. 3,400,853 122,703
  Chesapeake Energy Corp. 1,477,128 112,321
  NOV Inc. 5,374,612 99,484
  HF Sinclair Corp. 1,850,776 89,541
  Range Resources Corp. 3,343,683 88,507
* Antero Resources Corp. 3,817,327 88,142
* TechnipFMC plc 6,121,104 83,553
  PDC Energy Inc. 1,268,739 81,428
* Southwestern Energy Co. 15,291,917 76,460
  Chord Energy Corp. 565,780 76,154
  Murphy Oil Corp. 1,984,411 73,384
  ChampionX Corp. 2,704,619 73,376
  Matador Resources Co. 1,522,681 72,556
  PBF Energy Inc. Class A 1,558,653 67,583
  DT Midstream Inc. 1,331,522 65,737
* Denbury Inc. 684,780 60,007
* Transocean Ltd. 9,172,374 58,336
* Weatherford International plc 919,328 54,562
*,1 Valaris Ltd. 818,846 53,274
* Noble Corp. plc 1,334,919 52,689
  Helmerich & Payne Inc. 1,434,961 51,300
  Magnolia Oil & Gas Corp. Class A 2,274,504 49,766
  Civitas Resources Inc. 705,549 48,217
  Antero Midstream Corp. 4,587,777 48,126
  SM Energy Co. 1,662,743 46,823
* Kosmos Energy Ltd. 6,228,791 46,342
* Peabody Energy Corp. 1,592,723 40,774
  California Resources Corp. 1,024,192 39,431
* CNX Resources Corp. 2,351,261 37,667
  Cactus Inc. Class A 886,140 36,536
  Equitrans Midstream Corp. 5,986,998 34,605
  Patterson-UTI Energy Inc. 2,949,595 34,510
  Permian Resources Corp. Class A 3,214,230 33,749
1 Arch Resources Inc. 246,085 32,350
  Northern Oil & Gas Inc. 1,058,710 32,132
* Tidewater Inc. 690,098 30,420
  Liberty Energy Inc. Class A 2,073,112 26,557
  CONSOL Energy Inc. 448,548 26,137
* Green Plains Inc. 810,405 25,114

          Shares Market
Value
($000)
* Oceaneering International Inc.  1,368,983     24,135
  International Seaways Inc.    570,143     23,764
* Callon Petroleum Co.    689,593     23,060
1 Sitio Royalties Corp.  1,013,806     22,912
* Par Pacific Holdings Inc.    756,696     22,096
  Delek US Holdings Inc.    957,828     21,982
  World Fuel Services Corp.    854,893     21,843
  New Fortress Energy Inc.    666,341     19,610
  Archrock Inc.  1,944,054     18,993
* Expro Group Holdings NV    946,908     17,385
* NexTier Oilfield Solutions Inc.  2,149,476     17,088
* Diamond Offshore Drilling Inc.  1,381,864     16,638
* Helix Energy Solutions Group Inc.  1,962,359     15,189
* Nabors Industries Ltd.    123,522     15,059
  Core Laboratories NV 657,165 14,491
*,1 Uranium Energy Corp. 5,006,191 14,418
* Dril-Quip Inc. 481,304 13,809
  Comstock Resources Inc. 1,229,999 13,272
* Talos Energy Inc. 886,085 13,150
  CVR Energy Inc. 396,976 13,013
* Gulfport Energy Corp. 159,606 12,768
* US Silica Holdings Inc. 1,040,657 12,425
  Enviva Inc. 427,704 12,352
  Ranger Oil Corp. 262,429 10,718
* Clean Energy Fuels Corp. 2,396,607 10,449
* Vital Energy Inc. 225,988 10,292
* ProPetro Holding Corp. 1,341,941 9,649
  Dorian LPG Ltd. 473,315 9,438
1 Kinetik Holdings Inc. Class A 288,583 9,033
*,1 Tellurian Inc. 7,071,135 8,698
*,1 Vertex Energy Inc. 859,008 8,487
  RPC Inc. 1,101,074 8,467
  Select Energy Services Inc. Class A 1,173,861 8,170
* Bristow Group Inc. Class A 332,916 7,457
* Oil States International Inc. 879,605 7,327
  Berry Corp. 911,451 7,155
* Earthstone Energy Inc. Class A 511,033 6,649
  VAALCO Energy Inc. 1,464,005 6,632
* W&T Offshore Inc. 1,299,808 6,603
* REX American Resources Corp. 222,880 6,372
1 Crescent Energy Co. Class A 545,269 6,167
*,1 ProFrac Holding Corp. Class A 483,262 6,123
* SandRidge Energy Inc. 422,310 6,086
* DMC Global Inc. 259,217 5,695
  Vitesse Energy Inc. 298,858 5,687
  Excelerate Energy Inc. Class A 255,390 5,654
*,1 Gevo Inc. 3,360,568 5,175
*,1 Centrus Energy Corp. Class A 160,126 5,156
* Newpark Resources Inc. 1,214,846 4,677
1 HighPeak Energy Inc. 183,945 4,231
*,1 NextDecade Corp. 832,455 4,137
* SilverBow Resources Inc. 179,870 4,110
  Solaris Oilfield Infrastructure Inc. Class A 470,411 4,017
* TETRA Technologies Inc. 1,509,219 3,999
* Overseas Shipholding Group Inc. Class A 972,370 3,792
* Amplify Energy Corp. 485,741 3,337
* Hallador Energy Co. 362,087 3,328
  Evolution Petroleum Corp. 448,973 2,833

          Shares Market
Value
($000)
* SEACOR Marine Holdings Inc.    320,551      2,439
*,1 Ring Energy Inc.  1,221,442      2,321
  NACCO Industries Inc. Class A     56,552      2,040
  Riley Exploration Permian Inc.     52,637      2,003
* Forum Energy Technologies Inc.     75,395      1,917
*,1 KLX Energy Services Holdings Inc.    153,610      1,790
* Ranger Energy Services Inc. Class A    170,306      1,735
* Empire Petroleum Corp.    129,591      1,608
* Natural Gas Services Group Inc.    152,393      1,571
* Alto Ingredients Inc.    967,095      1,451
  Epsilon Energy Ltd.    266,517      1,423
* Geospace Technologies Corp.    180,911      1,275
* Smart Sand Inc.    685,510      1,207
*,1 American Resources Corp.    734,307      1,101
*,1 Aemetis Inc. 470,160 1,091
* Mammoth Energy Services Inc. 248,644 1,049
  PHX Minerals Inc. 392,299 1,028
1 Granite Ridge Resources Inc. 171,100 1,004
*,1 Nine Energy Service Inc. 172,226 958
  Adams Resources & Energy Inc. 22,932 881
*,1 Atlas Energy Solutions Inc. Class A 45,177 769
* Gulf Island Fabrication Inc. 205,792 761
* Profire Energy Inc. 414,587 514
* Lightbridge Corp. 116,345 475
* PrimeEnergy Resources Corp. 5,149 433
*,1 Houston American Energy Corp. 137,786 357
* Battalion Oil Corp. 53,142 349
* Independence Contract Drilling Inc. 88,370 288
* OPAL Fuels Inc. Class A 39,304 274
*,1 Camber Energy Inc. 161,044 254
* NCS Multistage Holdings Inc. 10,064 239
* Comstock Inc. 599,939 202
* Mexco Energy Corp. 16,537 188
* PEDEVCO Corp. 173,749 184
* Superior Drilling Products Inc. 198,912 177
  Barnwell Industries Inc. 68,994 152
* ENGlobal Corp. 300,740 144
* Stabilis Solutions Inc. 25,689 95
  Energy Services of America Corp. 33,150 76
* MIND Technology Inc. 100,023 51
* New Concept Energy Inc. 44,822 48
  US Energy Corp. 27,006 48
* Enservco Corp. 73,250 35
* BitNile Metaverse Inc. 222,734 26
*,1,2 Next Bridge Hydrocarbons Inc. 902,467
            3,619,208
Financials (16.0%)
  Blackstone Inc. 9,854,394 865,610
* Block Inc. Class A 7,477,699 513,344
  KKR & Co. Inc. 7,991,301 419,703
  Apollo Global Management Inc. 6,031,035 380,920
* Markel Corp. 184,623 235,839
  LPL Financial Holdings Inc. 1,099,520 222,543
  Ares Management Corp. Class A 2,158,599 180,113
  First Citizens BancShares Inc. Class A 165,323 160,876
*,1 Coinbase Global Inc. Class A 2,216,562 149,773
  First Horizon Corp. 7,509,957 133,527
  Fidelity National Financial Inc. 3,783,858 132,170

          Shares Market
Value
($000)
  Annaly Capital Management Inc.  6,500,597    124,226
  Reinsurance Group of America Inc.    923,959    122,665
  RenaissanceRe Holdings Ltd.    608,725    121,952
  Tradeweb Markets Inc. Class A  1,538,429    121,567
  Equitable Holdings Inc.  4,777,627    121,304
  Interactive Brokers Group Inc. Class A  1,426,130    117,741
  American Financial Group Inc.    967,656    117,570
* WEX Inc.    604,983    111,250
  East West Bancorp Inc.  1,952,091    108,341
  Ally Financial Inc.  4,156,986    105,962
  Unum Group  2,589,676    102,448
  Voya Financial Inc.  1,341,994     95,899
  Old Republic International Corp.  3,817,132     95,314
  Webster Financial Corp.  2,408,407     94,939
  Carlyle Group Inc. 3,039,369 94,403
  Cullen/Frost Bankers Inc. 892,126 93,977
  Commerce Bancshares Inc. 1,579,157 92,144
  Kinsale Capital Group Inc. 297,092 89,172
  Primerica Inc. 513,477 88,441
  Stifel Financial Corp. 1,457,975 86,152
  New York Community Bancorp Inc. 9,451,148 85,438
  SEI Investments Co. 1,407,130 80,980
  First American Financial Corp. 1,438,813 80,084
  Erie Indemnity Co. Class A 345,599 80,061
1 AGNC Investment Corp. 7,940,972 80,045
  Jefferies Financial Group Inc. 2,500,764 79,374
  Selective Insurance Group Inc. 830,105 79,134
  Prosperity Bancshares Inc. 1,260,016 77,516
* Toast Inc. Class A 4,327,035 76,805
1 Starwood Property Trust Inc. 4,289,778 75,886
  Affiliated Managers Group Inc. 524,186 74,655
  SouthState Corp. 1,041,752 74,235
  RLI Corp. 556,147 73,917
* Euronet Worldwide Inc. 653,636 73,142
  Morningstar Inc. 346,791 70,409
*,1 SoFi Technologies Inc. 11,434,047 69,405
* Robinhood Markets Inc. Class A 7,124,722 69,181
  United Bankshares Inc. 1,847,580 65,035
  Glacier Bancorp Inc. 1,522,113 63,944
  Hanover Insurance Group Inc. 495,924 63,726
  OneMain Holdings Inc. 1,677,255 62,193
  Synovus Financial Corp. 2,017,101 62,187
  Columbia Banking System Inc. 2,853,537 61,123
  Wintrust Financial Corp. 837,421 61,090
  Houlihan Lokey Inc. Class A 685,621 59,985
  Essent Group Ltd. 1,475,836 59,107
  Axis Capital Holdings Ltd. 1,071,488 58,418
  Pinnacle Financial Partners Inc. 1,057,267 58,319
  Old National Bancorp 4,034,940 58,184
  Western Union Co. 5,192,117 57,892
  FNB Corp. 4,971,472 57,669
  First Financial Bankshares Inc. 1,796,495 57,308
  Popular Inc. 994,400 57,088
  Evercore Inc. Class A 494,270 57,029
  Home BancShares Inc. 2,619,124 56,861
* Shift4 Payments Inc. Class A 735,044 55,716
  Blue Owl Capital Inc. Class A 4,951,314 54,861
  MGIC Investment Corp. 4,069,422 54,612

          Shares Market
Value
($000)
  Western Alliance Bancorp  1,516,666     53,902
  Valley National Bancorp  5,792,506     53,523
  Rithm Capital Corp.  6,554,304     52,434
  Bank OZK  1,529,183     52,298
  Cadence Bank  2,502,269     51,947
  Lazard Ltd. Class A  1,559,628     51,639
  FirstCash Holdings Inc.    515,551     49,168
  Janus Henderson Group plc  1,839,373     49,001
  Kemper Corp.    884,429     48,343
  White Mountains Insurance Group Ltd.     34,778     47,906
* Ryan Specialty Holdings Inc. Class A  1,162,866     46,794
  Radian Group Inc.  2,117,133     46,789
  Federated Hermes Inc. Class B  1,151,073     46,204
  United Community Banks Inc.  1,553,013     43,671
  Hancock Whitney Corp. 1,171,549 42,644
* Enstar Group Ltd. 183,535 42,542
  Assured Guaranty Ltd. 831,026 41,776
* Brighthouse Financial Inc. 942,761 41,585
1 Blackstone Mortgage Trust Inc. Class A 2,326,905 41,535
  SLM Corp. 3,305,468 40,955
* Focus Financial Partners Inc. Class A 785,365 40,737
  Independent Bank Corp. (Massachusetts) 620,113 40,692
* Mr Cooper Group Inc. 952,448 39,022
  Community Bank System Inc. 731,725 38,408
  ServisFirst Bancshares Inc. 671,924 36,707
*,1 Credit Acceptance Corp. 83,975 36,616
  Associated Banc-Corp 2,029,307 36,487
  First Interstate BancSystem Inc. Class A 1,218,209 36,376
  Hamilton Lane Inc. Class A 489,518 36,215
  First Hawaiian Inc. 1,749,036 36,083
  Atlantic Union Bankshares Corp. 1,018,862 35,711
1 Hannon Armstrong Sustainable Infrastructure Capital Inc. 1,211,423 34,647
  CNO Financial Group Inc. 1,554,651 34,498
  UMB Financial Corp. 596,298 34,418
  Cathay General Bancorp 996,381 34,395
  American Equity Investment Life Holding Co. 940,108 34,305
* Genworth Financial Inc. Class A 6,802,602 34,149
  BOK Financial Corp. 401,258 33,870
  Moelis & Co. Class A 866,715 33,317
*,1 Affirm Holdings Inc. Class A 2,953,360 33,284
  Ameris Bancorp 908,669 33,239
* Texas Capital Bancshares Inc. 670,806 32,843
  Walker & Dunlop Inc. 421,450 32,102
  WSFS Financial Corp. 834,200 31,374
  Fulton Financial Corp. 2,263,738 31,285
  CVB Financial Corp. 1,865,169 31,111
  Pacific Premier Bancorp Inc. 1,289,380 30,971
  Simmons First National Corp. Class A 1,758,677 30,759
  International Bancshares Corp. 711,911 30,484
  EVERTEC Inc. 882,317 29,778
  Jackson Financial Inc. Class A 791,756 29,620
  Artisan Partners Asset Management Inc. Class A 919,430 29,403
  Bank of Hawaii Corp. 548,242 28,552
  First Bancorp (XNYS) 2,474,533 28,259
  First Financial Bancorp 1,280,496 27,876
  Eastern Bankshares Inc. 2,180,871 27,523
* Marqeta Inc. Class A 5,997,023 27,406
* Axos Financial Inc. 730,108 26,956

          Shares Market
Value
($000)
1 Arbor Realty Trust Inc.  2,335,785     26,838
  First Merchants Corp.    813,560     26,807
  Seacoast Banking Corp. of Florida  1,129,516     26,770
  Washington Federal Inc.    885,905     26,683
  Piper Sandler Cos.    191,780     26,583
  Towne Bank    960,318     25,592
* NMI Holdings Inc. Class A  1,130,428     25,242
  Banner Corp.    462,099     25,124
  WesBanco Inc.    815,047     25,022
* Flywire Corp.    850,060     24,958
  PennyMac Financial Services Inc.    411,932     24,555
* StoneX Group Inc.    235,904     24,423
  Virtu Financial Inc. Class A  1,268,017     23,966
  PJT Partners Inc. Class A    329,120     23,759
  BankUnited Inc. 1,041,108 23,508
  Park National Corp. 197,749 23,447
  BGC Partners Inc. Class A 4,470,083 23,379
  Renasant Corp. 757,199 23,155
  Nelnet Inc. Class A 251,191 23,082
  Navient Corp. 1,421,629 22,732
* Remitly Global Inc. 1,332,472 22,585
  Independent Bank Group Inc. 485,946 22,524
  Enterprise Financial Services Corp. 502,224 22,394
  Stock Yards Bancorp Inc. 406,045 22,389
  Lakeland Financial Corp. 348,880 21,854
  Cohen & Steers Inc. 335,861 21,482
* BRP Group Inc. Class A 842,636 21,454
  Northwest Bancshares Inc. 1,761,006 21,185
* Bancorp Inc. 759,690 21,157
  TPG Inc. Class A 711,722 20,875
  Bread Financial Holdings Inc. 681,081 20,650
* Cannae Holdings Inc. 1,021,985 20,624
* PRA Group Inc. 527,045 20,534
* Trupanion Inc. 478,306 20,515
  Trustmark Corp. 822,910 20,326
  NBT Bancorp Inc. 596,695 20,115
  BancFirst Corp. 239,691 19,918
  Heartland Financial USA Inc. 516,093 19,797
  Provident Financial Services Inc. 1,026,068 19,680
  Claros Mortgage Trust Inc. 1,677,696 19,545
  First Bancorp (XNGS) 548,078 19,468
  TriCo Bancshares 466,878 19,417
  Two Harbors Investment Corp. 1,304,926 19,195
* Palomar Holdings Inc. 347,152 19,163
* Enova International Inc. 430,949 19,147
  City Holding Co. 207,896 18,894
  Horace Mann Educators Corp. 559,496 18,732
  Hilltop Holdings Inc. 628,393 18,644
* Triumph Financial Inc. 309,981 17,997
  Chimera Investment Corp. 3,187,984 17,980
  Virtus Investment Partners Inc. 92,614 17,633
  Apollo Commercial Real Estate Finance Inc. 1,880,529 17,508
  First Commonwealth Financial Corp. 1,383,681 17,199
* Payoneer Global Inc. 2,734,737 17,174
  Sandy Spring Bancorp Inc. 659,136 17,124
  Corebridge Financial Inc. 1,064,991 17,061
  S&T Bancorp Inc. 541,775 17,039
  National Bank Holdings Corp. Class A 504,636 16,885

          Shares Market
Value
($000)
* PROG Holdings Inc.    687,328     16,352
* Encore Capital Group Inc.    323,460     16,319
  Pathward Financial Inc.    388,194     16,106
  Westamerica Bancorp    362,252     16,048
  Hope Bancorp Inc.  1,631,282     16,019
  Employers Holdings Inc.    381,103     15,888
  PacWest Bancorp  1,618,048     15,744
  OFG Bancorp    631,272     15,744
  StepStone Group Inc. Class A    645,238     15,660
*,1 Upstart Holdings Inc.    980,851     15,586
  Federal Agricultural Mortgage Corp. Class C    115,668     15,406
  Berkshire Hills Bancorp Inc.    614,595     15,402
  Stellar Bancorp Inc.    624,677     15,373
*,1 Rocket Cos. Inc. Class A  1,686,050     15,276
  Stewart Information Services Corp. 374,058 15,093
  OceanFirst Financial Corp. 816,139 15,082
* Goosehead Insurance Inc. Class A 288,572 15,063
  PennyMac Mortgage Investment Trust 1,216,822 15,003
  First Busey Corp. 726,245 14,772
  FB Financial Corp. 474,860 14,759
  CNA Financial Corp. 377,078 14,717
  Argo Group International Holdings Ltd. 501,190 14,680
  Safety Insurance Group Inc. 195,894 14,598
  Lakeland Bancorp Inc. 928,613 14,523
  Southside Bancshares Inc. 432,967 14,374
  Ladder Capital Corp. Class A 1,519,974 14,364
*,1 Avantax Inc. 542,822 14,287
* AvidXchange Holdings Inc. 1,822,419 14,215
  Eagle Bancorp Inc. 419,413 14,038
* MoneyGram International Inc. 1,337,642 13,938
1 Ready Capital Corp. 1,360,886 13,840
* Donnelley Financial Solutions Inc. 338,287 13,822
  Franklin BSP Realty Trust Inc. 1,139,615 13,596
  Veritex Holdings Inc. 733,970 13,402
  ProAssurance Corp. 722,877 13,359
  AMERISAFE Inc. 268,683 13,152
  Origin Bancorp Inc. 408,813 13,143
  MFA Financial Inc. 1,304,705 12,943
  German American Bancorp Inc. 387,571 12,933
  Brookline Bancorp Inc. 1,197,255 12,571
  New York Mortgage Trust Inc. 1,233,778 12,288
  Tompkins Financial Corp. 179,734 11,900
  Capitol Federal Financial Inc. 1,749,770 11,776
* Nicolet Bankshares Inc. 186,590 11,764
* International Money Express Inc. 452,478 11,665
1 ARMOUR Residential REIT Inc. 2,185,061 11,472
  Premier Financial Corp. 549,317 11,387
  Mercury General Corp. 357,111 11,335
* Green Dot Corp. Class A 659,182 11,325
  Victory Capital Holdings Inc. Class A 380,771 11,145
  James River Group Holdings Ltd. 539,144 11,133
  Live Oak Bancshares Inc. 454,505 11,076
  Heritage Financial Corp. 513,295 10,985
  Brightsphere Investment Group Inc. 458,521 10,812
  BrightSpire Capital Inc. Class A 1,774,754 10,471
  1st Source Corp. 241,739 10,431
  Redwood Trust Inc. 1,542,178 10,394
* Oscar Health Inc. Class A 1,579,887 10,332

          Shares Market
Value
($000)
* LendingClub Corp.  1,429,544     10,307
  Univest Financial Corp.    429,473     10,196
  QCR Holdings Inc.    231,885     10,182
* Open Lending Corp. Class A  1,442,000     10,152
  Dime Community Bancshares Inc.    443,588     10,078
  Peoples Bancorp Inc.    391,160     10,072
  Ellington Financial Inc.    814,625      9,947
* Ambac Financial Group Inc.    637,190      9,864
  First Bancshares Inc.    377,173      9,742
  Banc of California Inc.    762,851      9,559
  Preferred Bank    172,846      9,474
* SiriusPoint Ltd.  1,146,338      9,320
  WisdomTree Inc.  1,571,514      9,209
1 Enact Holdings Inc.    402,196      9,194
  KKR Real Estate Finance Trust Inc. 797,484 9,083
  Broadmark Realty Capital Inc. 1,924,482 9,045
  TrustCo Bank Corp. 280,403 8,956
  Merchants Bancorp 341,875 8,902
*,1 Lemonade Inc. 619,691 8,837
* AssetMark Financial Holdings Inc. 279,858 8,802
  Dynex Capital Inc. 723,961 8,774
  A-Mark Precious Metals Inc. 244,151 8,460
  ConnectOne Bancorp Inc. 464,856 8,219
  National Western Life Group Inc. Class A 33,876 8,219
  United Fire Group Inc. 309,363 8,214
* Columbia Financial Inc. 448,931 8,206
  TFS Financial Corp. 638,540 8,065
  Washington Trust Bancorp Inc. 231,386 8,020
  Community Trust Bancorp Inc. 207,345 7,869
* I3 Verticals Inc. Class A 318,149 7,804
  Hanmi Financial Corp. 418,664 7,775
  Bank First Corp. 105,393 7,755
  Kearny Financial Corp. 943,450 7,661
  Amerant Bancorp Inc. Class A 349,750 7,611
  Camden National Corp. 209,890 7,596
  HarborOne Bancorp Inc. 622,376 7,593
* Customers Bancorp Inc. 406,621 7,531
  Old Second Bancorp Inc. 532,806 7,491
  Universal Insurance Holdings Inc. 399,457 7,278
  Cass Information Systems Inc. 167,732 7,264
* NerdWallet Inc. Class A 442,696 7,163
  Ares Commercial Real Estate Corp. 787,937 7,162
* CrossFirst Bankshares Inc. 678,546 7,111
  Heritage Commerce Corp. 836,227 6,966
  Cambridge Bancorp 106,914 6,929
* Repay Holdings Corp. Class A 1,047,741 6,884
  Northfield Bancorp Inc. 581,594 6,851
  Byline Bancorp Inc. 311,116 6,726
  First Mid Bancshares Inc. 244,825 6,664
* EZCORP Inc. Class A 774,715 6,663
  Diamond Hill Investment Group Inc. 40,266 6,627
  Central Pacific Financial Corp. 368,691 6,600
1 UWM Holdings Corp. Class A 1,329,565 6,528
  Mercantile Bank Corp. 213,124 6,517
* MBIA Inc. 698,078 6,464
  Midland States Bancorp Inc. 300,794 6,443
  TPG RE Finance Trust Inc. 886,730 6,438
  Flushing Financial Corp. 424,728 6,324

          Shares Market
Value
($000)
1 B. Riley Financial Inc.    222,681      6,322
  Peapack-Gladstone Financial Corp.    209,505      6,206
  Great Southern Bancorp Inc.    121,394      6,152
  Arrow Financial Corp.    240,964      6,002
  Horizon Bancorp Inc.    535,879      5,927
1 Orchid Island Capital Inc.    548,052      5,881
  Farmers National Banc Corp.    462,035      5,840
  Capital City Bank Group Inc.    196,957      5,773
  First Financial Corp.    151,229      5,668
  Business First Bancshares Inc.    328,667      5,630
  Bar Harbor Bankshares    208,473      5,514
* Coastal Financial Corp.    151,498      5,455
  CNB Financial Corp.    283,245      5,438
  Invesco Mortgage Capital Inc.    484,547      5,374
  First Foundation Inc. 720,879 5,371
  Republic Bancorp Inc. Class A 125,588 5,329
  Independent Bank Corp. (Michigan) 298,673 5,307
  First Community Bankshares Inc. 211,548 5,299
* Metropolitan Bank Holding Corp. 153,457 5,201
1 HCI Group Inc. 96,679 5,182
  Hingham Institution For Savings 21,722 5,071
  Perella Weinberg Partners Class A 556,016 5,060
  P10 Inc. Class A 500,193 5,057
  SmartFinancial Inc. 213,733 4,946
  Equity Bancshares Inc. Class A 201,051 4,900
  Bank of Marin Bancorp 218,368 4,780
  Mid Penn Bancorp Inc. 186,090 4,766
  GCM Grosvenor Inc. Class A 609,000 4,756
  F&G Annuities & Life Inc. 258,645 4,687
  Amalgamated Financial Corp. 263,943 4,669
* Cantaloupe Inc. 814,442 4,642
  HomeTrust Bancshares Inc. 188,619 4,638
* Carter Bankshares Inc. 329,720 4,616
  Metrocity Bankshares Inc. 266,657 4,557
  Citizens & Northern Corp. 208,665 4,461
  Southern Missouri Bancorp Inc. 118,772 4,443
  American National Bankshares Inc. 139,690 4,428
  HBT Financial Inc. 224,548 4,428
  MidWestOne Financial Group Inc. 178,509 4,359
  Citizens Financial Services Inc. 51,220 4,279
  HomeStreet Inc. 237,104 4,265
* LendingTree Inc. 159,661 4,257
  Bridge Investment Group Holdings Inc. Class A 372,468 4,220
  First of Long Island Corp. 312,450 4,218
  Financial Institutions Inc. 218,291 4,209
  Tiptree Inc. Class A 281,000 4,094
  Capstar Financial Holdings Inc. 268,776 4,072
  Peoples Financial Services Corp. 93,416 4,050
* World Acceptance Corp. 48,528 4,042
  ACNB Corp. 120,704 3,929
  Esquire Financial Holdings Inc. 100,319 3,922
  Waterstone Financial Inc. 258,215 3,907
  Farmers & Merchants Bancorp Inc. 159,619 3,882
  South Plains Financial Inc. 179,028 3,833
* Selectquote Inc. 1,713,866 3,719
  Home Bancorp Inc. 111,351 3,678
  Shore Bancshares Inc. 256,354 3,661
  Donegal Group Inc. Class A 238,573 3,645

          Shares Market
Value
($000)
  West Bancorp Inc.    199,470      3,644
  Oppenheimer Holdings Inc. Class A     92,926      3,638
*,1 Alvarium Tiedmann Holdings Inc.    287,926      3,611
  Regional Management Corp.    138,262      3,607
  Granite Point Mortgage Trust Inc.    723,535      3,589
* Southern First Bancshares Inc.    116,775      3,585
*,1 Hagerty Inc. Class A    407,472      3,561
* Bridgewater Bancshares Inc.    325,761      3,531
* Greenlight Capital Re Ltd. Class A    375,003      3,521
  Northrim Bancorp Inc.     74,339      3,507
* eHealth Inc.    373,515      3,496
  Enterprise Bancorp Inc.    110,491      3,476
  FS Bancorp Inc.    115,122      3,455
  Civista Bancshares Inc.    204,221      3,447
*,1 Hippo Holdings Inc. 212,135 3,443
* Blue Foundry Bancorp 361,059 3,437
  Alerus Financial Corp. 210,749 3,383
  Federal Agricultural Mortgage Corp. Class A 29,518 3,376
  John Marshall Bancorp Inc. 156,067 3,371
  Northeast Bank 99,405 3,346
  Five Star Bancorp 155,333 3,315
  Sierra Bancorp 191,721 3,301
  MVB Financial Corp. 157,647 3,254
  Macatawa Bank Corp. 315,396 3,223
  Investors Title Co. 20,997 3,171
  Red River Bancshares Inc. 65,827 3,167
  Northeast Community Bancorp Inc. 241,197 3,164
  Orrstown Financial Services Inc. 155,163 3,082
  BayCom Corp. 177,788 3,037
  Guaranty Bancshares Inc. 108,526 3,025
  First Business Financial Services Inc. 97,299 2,969
  First Bancorp Inc. 113,459 2,937
  Norwood Financial Corp. 99,694 2,933
* Third Coast Bancshares Inc. 183,334 2,880
  Central Valley Community Bancorp 137,745 2,835
  Timberland Bancorp Inc. 101,069 2,731
  BCB Bancorp Inc. 207,655 2,726
  AFC Gamma Inc. 223,483 2,718
  Evans Bancorp Inc. 79,749 2,677
  National Bankshares Inc. 84,224 2,650
  RBB Bancorp 170,667 2,645
* Skyward Specialty Insurance Group Inc. 120,377 2,633
  PCB Bancorp 179,167 2,596
  Fidelity D&D Bancorp Inc. 56,809 2,594
* Ponce Financial Group Inc. 327,287 2,569
  Summit Financial Group Inc. 122,723 2,546
  Codorus Valley Bancorp Inc. 121,863 2,529
  Plumas Bancorp 74,214 2,528
  Territorial Bancorp Inc. 129,961 2,510
  Ames National Corp. 119,369 2,483
* Velocity Financial Inc. 272,614 2,462
*,1 Forge Global Holdings Inc. 1,403,479 2,456
  Community Financial Corp. 73,981 2,451
  Sculptor Capital Management Inc. Class A 282,187 2,430
  Princeton Bancorp Inc. 76,597 2,430
* Ocwen Financial Corp. 88,672 2,405
  Middlefield Banc Corp. 85,747 2,402
*,1 Citizens Inc. Class A 633,769 2,351

          Shares Market
Value
($000)
  C&F Financial Corp.     45,158      2,335
  Virginia National Bankshares Corp.     64,495      2,319
  Parke Bancorp Inc.    129,661      2,305
  Colony Bankcorp Inc.    224,813      2,293
  Primis Financial Corp.    235,485      2,268
  First Bank    223,982      2,262
  Great Ajax Corp.    343,453      2,260
  Orange County Bancorp Inc.     51,038      2,246
* Guild Holdings Co. Class A    211,403      2,199
  ChoiceOne Financial Services Inc.     86,340      2,179
  Blue Ridge Bankshares Inc.    212,340      2,166
1 Greene County Bancorp Inc.     95,402      2,164
* Acacia Research Corp.    556,894      2,150
  Penns Woods Bancorp Inc.     92,543      2,138
  Oak Valley Bancorp 89,455 2,116
* Maiden Holdings Ltd. 1,011,752 2,115
1 Angel Oak Mortgage REIT Inc. 287,495 2,099
  Peoples Bancorp of North Carolina Inc. 66,036 2,098
  Bankwell Financial Group Inc. 84,151 2,092
  First Internet Bancorp 123,849 2,062
  Capital Bancorp Inc. 122,784 2,043
  Crawford & Co. Class B 266,125 2,041
1 Silvercrest Asset Management Group Inc. Class A 111,044 2,019
  LCNB Corp. 123,173 2,013
  ESSA Bancorp Inc. 126,907 1,995
  MainStreet Bancshares Inc. 84,926 1,995
  Hawthorn Bancshares Inc. 85,168 1,991
  Nexpoint Real Estate Finance Inc. 126,305 1,979
* FVCBankcorp Inc. 183,808 1,958
  Medallion Financial Corp. 254,067 1,949
* Atlanticus Holdings Corp. 70,884 1,923
  Associated Capital Group Inc. Class A 51,666 1,909
* California Bancorp 97,749 1,907
  Chemung Financial Corp. 45,377 1,883
1 AG Mortgage Investment Trust Inc. 326,848 1,879
  Southern States Bancshares Inc. 83,189 1,876
  Western New England Bancorp Inc. 227,217 1,865
  Unity Bancorp Inc. 81,582 1,861
* ECB Bancorp Inc. 133,988 1,860
  William Penn Bancorp 163,745 1,855
1 Cherry Hill Mortgage Investment Corp. 334,023 1,844
  Meridian Corp. 145,470 1,833
* Paymentus Holdings Inc. Class A 205,449 1,820
  First Community Corp. 90,552 1,811
* Paysign Inc. 496,392 1,802
  Seven Hills Realty Trust 179,691 1,795
1 Sachem Capital Corp. 471,970 1,756
  Greenhill & Co. Inc. 196,676 1,745
  Investar Holding Corp. 122,979 1,717
*,1 Bakkt Holdings Inc. 985,681 1,695
  First Northwest Bancorp 145,611 1,675
  First United Corp. 99,141 1,672
* First Western Financial Inc. 84,367 1,670
  Provident Bancorp Inc. 241,502 1,652
* Kingsway Financial Services Inc. 187,231 1,649
  OP Bancorp 184,528 1,644
  Franklin Financial Services Corp. 55,406 1,642
  Richmond Mutual Bancorp Inc. 157,267 1,631

          Shares Market
Value
($000)
  Salisbury Bancorp Inc.     67,477      1,626
  Luther Burbank Corp.    170,450      1,616
  BankFinancial Corp.    183,451      1,605
  Riverview Bancorp Inc.    296,341      1,582
  Citizens Community Bancorp Inc.    145,525      1,544
1 Ellington Residential Mortgage REIT    209,381      1,528
* Sterling Bancorp Inc.    269,676      1,526
* NI Holdings Inc.    117,077      1,522
* Malvern Bancorp Inc.     98,048      1,490
*,1 Consumer Portfolio Services Inc.    137,102      1,466
* Trean Insurance Group Inc.    239,454      1,465
  FNCB Bancorp Inc.    235,806      1,462
* Oportun Financial Corp.    371,337      1,433
  SB Financial Group Inc.     99,776      1,410
1 First Guaranty Bancshares Inc. 89,595 1,404
* Arlington Asset Investment Corp. Class A 470,453 1,345
* Security National Financial Corp. Class A 209,891 1,303
  Westwood Holdings Group Inc. 114,554 1,284
  First Financial Northwest Inc. 98,975 1,264
* Finwise Bancorp 142,628 1,257
  Provident Financial Holdings Inc. 91,950 1,253
  Finward Bancorp 42,082 1,225
  First Savings Financial Group Inc. 76,028 1,223
  CF Bankshares Inc. 62,612 1,221
  Eagle Bancorp Montana Inc. 85,568 1,207
  Ohio Valley Banc Corp. 51,180 1,198
  Summit State Bank 84,229 1,168
* SWK Holdings Corp. 65,383 1,168
  Bank of South Carolina Corp. 72,460 1,146
  Heritage Insurance Holdings Inc. 371,200 1,143
1 Lument Finance Trust Inc. 561,340 1,134
  Old Point Financial Corp. 47,285 1,126
  loanDepot Inc. Class A 696,589 1,121
  United Security Bancshares 174,635 1,114
* Catalyst Bancorp Inc. 96,277 1,107
* USCB Financial Holdings Inc. 111,275 1,100
  LINKBANCORP Inc. 165,700 1,087
*,1 GoHealth Inc. Class A 66,636 1,085
  First Capital Inc. 42,269 1,084
* Pioneer Bancorp Inc. 108,847 1,073
  Magyar Bancorp Inc. 97,323 1,032
  Bank7 Corp. 41,938 1,030
  First National Corp. 64,501 1,020
1 Chicago Atlantic Real Estate Finance Inc. 73,248 990
  United Bancorp Inc. 67,080 973
* Republic First Bancorp Inc. 701,949 955
* Priority Technology Holdings Inc. 258,431 928
1 Landmark Bancorp Inc. 44,450 918
* ACRES Commercial Realty Corp. 94,088 915
  CB Financial Services Inc. 42,100 914
* 1895 Bancorp of Wisconsin Inc. 112,911 908
* Heritage Global Inc. 315,032 904
  Western Asset Mortgage Capital Corp. 98,287 897
  Limestone Bancorp Inc. 39,747 887
  Union Bankshares Inc. 39,483 873
  Bayfirst Financial Corp. 55,268 858
  HMN Financial Inc. 44,398 856
  Crawford & Co. Class A 100,725 842

          Shares Market
Value
($000)
  Sound Financial Bancorp Inc.     22,638        838
  Bank of the James Financial Group Inc.     76,007        799
*,1 Bright Health Group Inc.  3,550,558        782
  Community West Bancshares     60,525        766
  Partners Bancorp     97,068        760
* Moneylion Inc.  1,324,096        752
  AmeriServ Financial Inc.    234,196        714
* Affinity Bancshares Inc.     47,021        673
  Citizens Holding Co.     54,265        656
  TC Bancshares Inc.     44,260        644
* Nicholas Financial Inc.    107,044        636
* MarketWise Inc.    339,965        629
*,1 United Insurance Holdings Corp.    212,725        600
  First US Bancshares Inc.     76,705        574
  Pathfinder Bancorp Inc. 32,919 569
  IF Bancorp Inc. 35,981 559
  US Global Investors Inc. Class A 200,865 530
*,1 BM Technologies Inc. 144,374 508
  Curo Group Holdings Corp. 286,087 495
  Auburn National Bancorp Inc. 19,679 446
  Value Line Inc. 9,206 445
1 Hennessy Advisors Inc. 56,949 441
* Midwest Holding Inc. 26,059 430
* Finance of America Cos. Inc. Class A 330,710 410
* Safeguard Scientifics Inc. 237,965 409
* Usio Inc. 234,439 408
*,1 Root Inc. Class A 89,895 405
  Manhattan Bridge Capital Inc. 77,748 403
  Cullman Bancorp Inc. 36,829 396
*,1 OppFi Inc. 192,600 395
*,1 Katapult Holdings Inc. 819,749 365
* Broadway Financial Corp. 323,676 340
* Bogota Financial Corp. 30,040 305
* Ashford Inc. 21,398 272
*,1 Siebert Financial Corp. 131,004 251
  Oconee Federal Financial Corp. 13,359 247
  Atlantic American Corp. 88,541 217
* Vericity Inc. 26,227 208
* HV Bancorp Inc. 6,762 203
*,1 AppTech Payments Corp. 121,714 183
* Hallmark Financial Services Inc. 26,939 175
  Kingstone Cos. Inc. 123,172 169
* Rhinebeck Bancorp Inc. 21,536 165
* FlexShopper Inc. 192,597 164
*,1 Sunlight Financial Holdings Inc. 518,421 162
* Oxbridge Re Holdings Ltd. 85,031 150
1 First Seacoast Bancorp 16,544 143
* OLB Group Inc. 112,818 118
  Mid-Southern Bancorp Inc. 10,295 117
  Home Federal Bancorp Inc. of Louisiana 6,665 114
* Carver Bancorp Inc. 27,704 111
* Income Opportunity Realty Investors Inc. 8,889 103
*,1 Ryvyl Inc. 242,066 99
* NSTS Bancorp Inc. 10,764 98
  Village Bank & Trust Financial Corp. 1,516 86
*,1 LM Funding America Inc. 99,032 77
*,1 Marpai Inc. Class A 71,834 68
  Glen Burnie Bancorp 9,312 67

          Shares Market
Value
($000)
*,1 Netcapital Inc.     45,304         47
  Hanover Bancorp Inc.      2,357         42
* Patriot National Bancorp Inc.      4,426         39
* Conifer Holdings Inc.     24,973         38
  Texas Community Bancshares Inc.      2,692         37
  Cohen & Co. Inc.      4,588         31
* Impac Mortgage Holdings Inc.     67,510         24
* ICC Holdings Inc.      1,500         24
* PB Bankshares Inc.      1,751         23
  Kentucky First Federal Bancorp      2,147         13
* OptimumBank Holdings Inc.      1,363          5
* FG Financial Group Inc.        703          2
  Lake Shore Bancorp Inc.        138          1
* CFSB Bancorp Inc.        100          1
*,2 Cogent Biosciences Inc. CVR 101,693
            13,403,955
Health Care (12.9%)
* Seagen Inc. 1,833,866 371,303
* Veeva Systems Inc. Class A 1,956,454 359,577
* Horizon Therapeutics plc 3,148,170 343,591
* Alnylam Pharmaceuticals Inc. 1,709,114 342,370
* BioMarin Pharmaceutical Inc. 2,566,425 249,559
* Avantor Inc. 9,379,980 198,293
  Royalty Pharma plc Class A 5,110,114 184,117
* Sarepta Therapeutics Inc. 1,220,175 168,177
* Exact Sciences Corp. 2,469,770 167,475
* Penumbra Inc. 528,304 147,233
* United Therapeutics Corp. 630,395 141,183
* Neurocrine Biosciences Inc. 1,336,619 135,293
* Jazz Pharmaceuticals plc 870,723 127,413
* Masimo Corp. 671,273 123,877
* Repligen Corp. 717,905 120,866
  Chemed Corp. 205,466 110,489
  Bruker Corp. 1,386,422 109,306
* Shockwave Medical Inc. 495,299 107,396
* Inspire Medical Systems Inc. 399,511 93,514
* Envista Holdings Corp. 2,262,683 92,498
* Acadia Healthcare Co. Inc. 1,261,055 91,111
* Tenet Healthcare Corp. 1,503,692 89,349
* Exelixis Inc. 4,470,025 86,763
* Apellis Pharmaceuticals Inc. 1,293,106 85,293
* Natera Inc. 1,511,778 83,934
* Lantheus Holdings Inc. 941,580 77,737
* Novocure Ltd. 1,255,937 75,532
  Encompass Health Corp. 1,380,020 74,659
* Karuna Therapeutics Inc. 410,672 74,594
* 10X Genomics Inc. Class A 1,329,944 74,198
* Option Care Health Inc. 2,300,918 73,100
  Ensign Group Inc. 764,566 73,047
* Halozyme Therapeutics Inc. 1,846,145 70,504
* Ionis Pharmaceuticals Inc. 1,964,999 70,229
* HealthEquity Inc. 1,168,996 68,632
  Perrigo Co. plc 1,858,532 66,666
* QuidelOrtho Corp. 742,535 66,152
* Intra-Cellular Therapies Inc. 1,212,233 65,642
*,1 agilon health Inc. 2,750,428 65,323
* Medpace Holdings Inc. 343,218 64,542
* Alkermes plc 2,262,048 63,767

          Shares Market
Value
($000)
* Oak Street Health Inc.  1,623,248     62,787
* Globus Medical Inc. Class A  1,081,232     61,241
* Teladoc Health Inc.  2,267,175     58,720
* Elanco Animal Health Inc.  6,174,021     58,036
* Integra LifeSciences Holdings Corp.  1,010,213     57,996
* Merit Medical Systems Inc.    773,941     57,233
* Haemonetics Corp.    691,404     57,214
* Neogen Corp.  2,951,064     54,654
* Doximity Inc. Class A  1,660,128     53,755
  Premier Inc. Class A  1,618,116     52,378
* iRhythm Technologies Inc.    411,337     51,018
* Syneos Health Inc.  1,418,771     50,537
* Prometheus Biosciences Inc.    469,669     50,405
*,1 CRISPR Therapeutics AG  1,085,152     49,081
* AMN Healthcare Services Inc. 589,993 48,946
* PTC Therapeutics Inc. 988,064 47,862
* ICU Medical Inc. 279,633 46,128
* Cytokinetics Inc. 1,302,001 45,817
* IVERIC bio Inc. 1,797,479 43,733
  CONMED Corp. 418,236 43,438
* Prestige Consumer Healthcare Inc. 691,490 43,308
* Azenta Inc. 953,750 42,556
* Intellia Therapeutics Inc. 1,138,050 42,415
* STAAR Surgical Co. 654,875 41,879
* Evolent Health Inc. Class A 1,251,472 40,610
* Inari Medical Inc. 656,509 40,533
* Madrigal Pharmaceuticals Inc. 166,818 40,413
* Ultragenyx Pharmaceutical Inc. 972,824 39,010
* Arrowhead Pharmaceuticals Inc. 1,502,435 38,162
* Amicus Therapeutics Inc. 3,436,576 38,112
* Blueprint Medicines Corp. 825,523 37,140
* Axonics Inc. 674,641 36,808
  Select Medical Holdings Corp. 1,414,305 36,560
* Tandem Diabetes Care Inc. 895,278 36,357
* Revance Therapeutics Inc. 1,125,945 36,267
* Pacific Biosciences of California Inc. 3,112,215 36,039
* Omnicell Inc. 613,450 35,991
* Certara Inc. 1,461,284 35,232
* Integer Holdings Corp. 451,484 34,990
* Enovis Corp. 654,136 34,990
* Reata Pharmaceuticals Inc. Class A 384,473 34,956
* Denali Therapeutics Inc. 1,507,849 34,741
* Guardant Health Inc. 1,426,030 33,426
* Amedisys Inc. 450,604 33,142
* TransMedics Group Inc. 435,834 33,006
* Progyny Inc. 1,021,874 32,823
* Vaxcyte Inc. 874,429 32,774
* Glaukos Corp. 652,051 32,668
* LivaNova plc 732,146 31,907
* Insmed Inc. 1,862,113 31,749
* Surgery Partners Inc. 915,274 31,550
  Patterson Cos. Inc. 1,176,561 31,497
* ACADIA Pharmaceuticals Inc. 1,653,715 31,123
* NeoGenomics Inc. 1,725,484 30,041
* Sage Therapeutics Inc. 713,055 29,920
* NuVasive Inc. 709,787 29,321
* Axsome Therapeutics Inc. 470,640 29,029
*,1 Corcept Therapeutics Inc. 1,316,664 28,519

          Shares Market
Value
($000)
* TG Therapeutics Inc.  1,888,349     28,401
* R1 RCM Inc.  1,873,960     28,109
* AtriCure Inc.    675,236     27,989
* Supernus Pharmaceuticals Inc.    740,779     26,838
* Mirati Therapeutics Inc.    720,683     26,795
* Bridgebio Pharma Inc.  1,611,550     26,720
* Provention Bio Inc.  1,103,665     26,598
* REVOLUTION Medicines Inc.  1,225,744     26,550
* Prothena Corp. plc    544,226     26,379
* Myriad Genetics Inc.  1,113,627     25,870
* Pacira BioSciences Inc.    629,875     25,705
* Beam Therapeutics Inc.    811,763     24,856
* Sotera Health Co.  1,372,916     24,589
* Vir Biotechnology Inc.  1,032,318     24,022
* Krystal Biotech Inc. 297,971 23,856
* Addus HomeCare Corp. 221,359 23,632
* CorVel Corp. 123,901 23,576
* Phreesia Inc. 723,047 23,347
* Celldex Therapeutics Inc. 648,141 23,320
* Xencor Inc. 833,919 23,258
* FibroGen Inc. 1,205,310 22,491
  Embecta Corp. 789,882 22,211
* Veracyte Inc. 978,836 21,828
* Catalyst Pharmaceuticals Inc. 1,298,335 21,526
* Cerevel Therapeutics Holdings Inc. 881,975 21,511
* BioCryst Pharmaceuticals Inc. 2,554,605 21,305
* Maravai LifeSciences Holdings Inc. Class A 1,516,953 21,253
* Silk Road Medical Inc. 519,459 20,326
* Relay Therapeutics Inc. 1,229,278 20,246
* Travere Therapeutics Inc. 884,823 19,900
* Viking Therapeutics Inc. 1,189,631 19,807
* Apollo Medical Holdings Inc. 543,080 19,806
* Amphastar Pharmaceuticals Inc. 526,801 19,755
* Veradigm Inc. 1,507,970 19,679
* Ironwood Pharmaceuticals Inc. Class A 1,859,500 19,562
* Schrodinger Inc. 737,542 19,419
* Vericel Corp. 648,243 19,006
* Avanos Medical Inc. 633,471 18,839
* Privia Health Group Inc. 680,156 18,779
* Syndax Pharmaceuticals Inc. 881,188 18,611
* Arvinas Inc. 671,364 18,342
  US Physical Therapy Inc. 181,236 17,745
* Nevro Corp. 489,280 17,687
* Agios Pharmaceuticals Inc. 746,029 17,136
* Pediatrix Medical Group Inc. 1,123,786 16,756
* RadNet Inc. 662,567 16,584
* Ligand Pharmaceuticals Inc. 224,051 16,481
* Hims & Hers Health Inc. 1,651,096 16,379
* Akero Therapeutics Inc. 423,586 16,206
* Avid Bioservices Inc. 858,970 16,114
* CryoPort Inc. 669,041 16,057
* Amylyx Pharmaceuticals Inc. 543,659 15,951
* Kymera Therapeutics Inc. 533,324 15,802
* Dynavax Technologies Corp. 1,598,764 15,684
* Pliant Therapeutics Inc. 589,351 15,677
* SpringWorks Therapeutics Inc. 604,023 15,548
* Alphatec Holdings Inc. 996,141 15,540
* Morphic Holding Inc. 402,376 15,145

          Shares Market
Value
($000)
* Owens & Minor Inc.  1,039,554     15,126
* MannKind Corp.  3,614,204     14,818
* ModivCare Inc.    175,385     14,746
* Protagonist Therapeutics Inc.    628,592     14,458
* Chinook Therapeutics Inc.    618,705     14,323
* Viridian Therapeutics Inc.    553,961     14,093
* Avidity Biosciences Inc.    910,488     13,976
* Heska Corp.    139,165     13,585
* Rocket Pharmaceuticals Inc.    791,674     13,561
* Adaptive Biotechnologies Corp.  1,523,262     13,450
  LeMaitre Vascular Inc.    259,893     13,377
* DICE Therapeutics Inc.    466,431     13,363
* Harmony Biosciences Holdings Inc.    408,607     13,341
* Ardelyx Inc.  2,762,268     13,231
* Arcus Biosciences Inc. 721,829 13,166
* AdaptHealth Corp. Class A 1,050,250 13,055
*,1 Cassava Sciences Inc. 537,851 12,973
* NextGen Healthcare Inc. 738,075 12,850
* PROCEPT BioRobotics Corp. 451,717 12,829
* UFP Technologies Inc. 98,329 12,767
* Ventyx Biosciences Inc. 379,654 12,718
* Accolade Inc. 863,569 12,418
* Deciphera Pharmaceuticals Inc. 796,853 12,311
* Outset Medical Inc. 664,417 12,225
* Recursion Pharmaceuticals Inc. Class A 1,812,043 12,086
  Atrion Corp. 19,185 12,046
*,1 Biohaven Ltd. 876,683 11,975
  Mesa Laboratories Inc. 68,469 11,964
* Treace Medical Concepts Inc. 471,926 11,888
* Geron Corp. 5,466,856 11,863
* Immunovant Inc. 764,401 11,856
* Cardiovascular Systems Inc. 594,850 11,814
* uniQure NV 586,017 11,802
* Twist Bioscience Corp. 774,821 11,684
*,1 Arcellx Inc. 374,873 11,550
* Iovance Biotherapeutics Inc. 1,885,044 11,518
  National HealthCare Corp. 198,224 11,511
* Roivant Sciences Ltd. 1,522,699 11,238
* Rhythm Pharmaceuticals Inc. 622,987 11,114
* Collegium Pharmaceutical Inc. 459,592 11,026
* Figs Inc. Class A 1,746,036 10,808
* ImmunoGen Inc. 2,813,434 10,804
* Cross Country Healthcare Inc. 483,776 10,798
* Enanta Pharmaceuticals Inc. 266,280 10,768
* Cymabay Therapeutics Inc. 1,228,050 10,709
* Kura Oncology Inc. 865,277 10,582
* Zentalis Pharmaceuticals Inc. 611,643 10,520
* 89bio Inc. 687,453 10,470
* Varex Imaging Corp. 574,323 10,447
* Cogent Biosciences Inc. 960,435 10,363
* BioLife Solutions Inc. 471,745 10,260
* ADMA Biologics Inc. 3,062,273 10,136
* Innoviva Inc. 891,198 10,026
* Keros Therapeutics Inc. 234,497 10,013
* Cytek Biosciences Inc. 1,085,890 9,979
  Simulations Plus Inc. 224,994 9,886
* REGENXBIO Inc. 521,906 9,869
*,1 LifeStance Health Group Inc. 1,317,270 9,787

          Shares Market
Value
($000)
* Crinetics Pharmaceuticals Inc.    609,011      9,781
* Enhabit Inc.    702,583      9,773
* DocGo Inc.  1,119,438      9,683
* OrthoPediatrics Corp.    218,020      9,656
* Replimune Group Inc.    536,944      9,482
*,1 Biomea Fusion Inc.    304,155      9,432
*,1 23andMe Holding Co. Class A  4,105,849      9,361
*,1 Anavex Life Sciences Corp.  1,088,992      9,333
* Nuvalent Inc. Class A    356,757      9,308
* Health Catalyst Inc.    774,425      9,038
* Theravance Biopharma Inc.    832,713      9,035
* HealthStream Inc.    326,500      8,848
  National Research Corp.    200,339      8,717
* Community Health Systems Inc.  1,748,387      8,567
* OPKO Health Inc. 5,819,470 8,496
* Fulgent Genetics Inc. 267,279 8,344
*,1 Novavax Inc. 1,198,404 8,305
* Mirum Pharmaceuticals Inc. 343,941 8,261
* SI-BONE Inc. 417,297 8,208
* Verve Therapeutics Inc. 566,917 8,175
* American Well Corp. Class A 3,455,241 8,154
* Orthofix Medical Inc. 484,360 8,113
* Harrow Health Inc. 382,816 8,100
* Arcturus Therapeutics Holdings Inc. 334,842 8,026
* Ideaya Biosciences Inc. 582,030 7,991
* Brookdale Senior Living Inc. 2,681,055 7,909
* Inhibrx Inc. 415,868 7,847
* Castle Biosciences Inc. 344,441 7,826
*,1 Point Biopharma Global Inc. 1,068,210 7,766
* Artivion Inc. 588,561 7,710
* Cerus Corp. 2,556,845 7,594
* Agiliti Inc. 463,732 7,410
* Seres Therapeutics Inc. 1,305,467 7,402
* Alignment Healthcare Inc. 1,142,225 7,265
* Editas Medicine Inc. Class A 996,457 7,224
*,3 Scilex Holding Co. (Acquired 1/23/23, Cost $10,167) 970,179 7,160
* Aldeyra Therapeutics Inc. 719,888 7,148
* ViewRay Inc. 2,025,617 7,009
* CareDx Inc. 750,252 6,857
* 4D Molecular Therapeutics Inc. 396,045 6,808
* Intercept Pharmaceuticals Inc. 497,979 6,688
* ANI Pharmaceuticals Inc. 167,923 6,670
* GoodRx Holdings Inc. Class A 1,060,398 6,627
* Emergent BioSolutions Inc. 625,320 6,478
* RAPT Therapeutics Inc. 351,853 6,457
* Fate Therapeutics Inc. 1,130,127 6,442
* Allogene Therapeutics Inc. 1,287,002 6,358
* AnaptysBio Inc. 292,084 6,356
* Coherus Biosciences Inc. 927,119 6,341
* Anika Therapeutics Inc. 220,694 6,338
* CTI BioPharma Corp. 1,489,335 6,255
*,1 Sharecare Inc. 4,393,691 6,239
* MaxCyte Inc. 1,259,222 6,233
* Arcutis Biotherapeutics Inc. 565,602 6,222
*,1 EQRx Inc. 3,200,791 6,210
* Ocular Therapeutix Inc. 1,166,813 6,149
* OraSure Technologies Inc. 1,011,585 6,120
* Computer Programs & Systems Inc. 201,822 6,095

          Shares Market
Value
($000)
* Paragon 28 Inc.    354,646      6,054
* Cutera Inc.    251,696      5,945
* Karyopharm Therapeutics Inc.  1,523,297      5,926
* NanoString Technologies Inc.    597,732      5,918
* Aclaris Therapeutics Inc.    723,323      5,852
* Pulmonx Corp.    519,868      5,812
* AngioDynamics Inc.    560,002      5,790
* Agenus Inc.  3,789,769      5,760
* 2seventy bio Inc.    562,144      5,734
* Axogen Inc.    605,263      5,720
* Pennant Group Inc.    397,153      5,671
* Vanda Pharmaceuticals Inc.    830,295      5,638
* MiMedx Group Inc.  1,639,335      5,590
* Definitive Healthcare Corp. Class A    535,392      5,531
* MacroGenics Inc. 754,500 5,410
* OmniAb Inc. 1,461,583 5,379
* Quanterix Corp. 476,184 5,367
* Alector Inc. 865,708 5,359
* Nurix Therapeutics Inc. 603,539 5,359
* SomaLogic Inc. 2,090,176 5,330
* Terns Pharmaceuticals Inc. 440,759 5,219
* Day One Biopharmaceuticals Inc. 384,922 5,146
*,1 Bioxcel Therapeutics Inc. 271,964 5,075
* Mersana Therapeutics Inc. 1,226,347 5,040
* Tactile Systems Technology Inc. 296,516 4,869
* Surmodics Inc. 212,422 4,839
*,1 Lyell Immunopharma Inc. 2,043,557 4,823
* Avita Medical Inc. 344,171 4,808
* Apollo Endosurgery Inc. 484,157 4,803
*,1 Liquidia Corp. 693,491 4,792
* Arbutus Biopharma Corp. 1,558,965 4,724
* iTeos Therapeutics Inc. 340,991 4,641
* Bluebird Bio Inc. 1,458,439 4,638
* Astria Therapeutics Inc. 345,580 4,596
*,1 Bionano Genomics Inc. 4,119,842 4,573
  Utah Medical Products Inc. 48,198 4,568
* Evolus Inc. 534,599 4,523
*,1 Senseonics Holdings Inc. 6,344,837 4,505
* Marinus Pharmaceuticals Inc. 644,587 4,448
* Allakos Inc. 988,052 4,397
* Eagle Pharmaceuticals Inc. 152,826 4,336
* Compass Therapeutics Inc. 1,319,031 4,313
* Assertio Holdings Inc. 673,734 4,292
*,1 Invitae Corp. 3,165,924 4,274
* PetIQ Inc. Class A 362,089 4,142
* Dyne Therapeutics Inc. 358,007 4,124
*,1 Omeros Corp. 885,917 4,120
* Caribou Biosciences Inc. 774,393 4,112
* Scholar Rock Holding Corp. 513,788 4,110
* Kiniksa Pharmaceuticals Ltd. Class A 381,906 4,109
* Inogen Inc. 322,212 4,021
*,1 Sana Biotechnology Inc. 1,217,567 3,981
*,1 Clover Health Investments Corp. Class A 4,671,529 3,948
* Atara Biotherapeutics Inc. 1,357,911 3,938
* Accuray Inc. 1,309,650 3,890
*,1 WaVe Life Sciences Ltd. 895,904 3,879
* Edgewise Therapeutics Inc. 576,945 3,848
  iRadimed Corp. 97,466 3,835

          Shares Market
Value
($000)
*,1 Butterfly Network Inc.  2,031,705      3,820
* RxSight Inc.    229,014      3,820
* Atea Pharmaceuticals Inc.  1,134,973      3,802
* Codexis Inc.    911,868      3,775
* Cullinan Oncology Inc.    367,718      3,762
* OptimizeRx Corp.    250,272      3,661
* Zynex Inc.    301,355      3,616
  Phibro Animal Health Corp. Class A    235,536      3,608
* Lexicon Pharmaceuticals Inc.  1,464,903      3,560
*,1 Entrada Therapeutics Inc.    243,301      3,528
* Tarsus Pharmaceuticals Inc.    279,975      3,519
* Multiplan Corp.  3,282,945      3,480
* Sutro Biopharma Inc.    742,223      3,429
* Actinium Pharmaceuticals Inc.    361,471      3,416
* Joint Corp. 202,639 3,410
* Sangamo Therapeutics Inc. 1,886,529 3,320
* Aura Biosciences Inc. 353,422 3,280
* ARS Pharmaceuticals Inc. 500,475 3,258
* Monte Rosa Therapeutics Inc. 413,062 3,218
* Cara Therapeutics Inc. 653,914 3,211
* Rigel Pharmaceuticals Inc. 2,427,258 3,204
* Sight Sciences Inc. 364,639 3,187
* Vera Therapeutics Inc. Class A 404,709 3,141
  SIGA Technologies Inc. 537,920 3,093
*,1 Janux Therapeutics Inc. 250,248 3,028
* Xeris Biopharma Holdings Inc. 1,851,607 3,018
* Nuvation Bio Inc. 1,808,020 3,001
* Erasca Inc. 983,210 2,959
* GeneDx Holdings Corp. Class A 8,071,896 2,946
* Kodiak Sciences Inc. 463,976 2,877
* Voyager Therapeutics Inc. 372,113 2,869
* Gritstone bio Inc. 1,027,630 2,857
*,1 Zomedica Corp. 13,497,669 2,857
*,1 Tyra Biosciences Inc. 174,328 2,801
*,1 Inovio Pharmaceuticals Inc. 3,400,092 2,788
*,1 ImmunityBio Inc. 1,518,278 2,763
*,1 Vor BioPharma Inc. 510,560 2,747
*,1 HilleVax Inc. 164,186 2,714
* Alpine Immune Sciences Inc. 350,072 2,703
* Stoke Therapeutics Inc. 323,400 2,694
*,1 Aerovate Therapeutics Inc. 133,164 2,686
*,1 CareMax Inc. 1,002,521 2,677
* Altimmune Inc. 629,823 2,658
*,1 Ocugen Inc. 3,104,681 2,649
* Generation Bio Co. 615,012 2,645
*,1 Cabaletta Bio Inc. 319,078 2,639
*,1 Rain Oncology Inc. 294,874 2,577
* Allovir Inc. 652,253 2,570
*,1 Mineralys Therapeutics Inc. 163,886 2,566
* Lineage Cell Therapeutics Inc. 1,707,356 2,561
* Adicet Bio Inc. 439,636 2,532
*,1 Beyond Air Inc. 374,425 2,527
* Savara Inc. 1,285,719 2,507
* Inozyme Pharma Inc. 436,328 2,500
* PDS Biotechnology Corp. 403,780 2,483
*,1 Zevra Therapeutics Inc. 451,332 2,482
* Y-mAbs Therapeutics Inc. 492,656 2,468
*,1 Merrimack Pharmaceuticals Inc. 200,656 2,466

          Shares Market
Value
($000)
* ORIC Pharmaceuticals Inc.    432,035      2,463
* Kezar Life Sciences Inc.    774,253      2,423
* ClearPoint Neuro Inc.    283,652      2,394
* Selecta Biosciences Inc.  1,717,073      2,387
*,1 Humacyte Inc.    770,077      2,380
* Heron Therapeutics Inc.  1,552,993      2,345
*,1 Phathom Pharmaceuticals Inc.    328,040      2,342
*,1 Design Therapeutics Inc.    404,935      2,336
* NGM Biopharmaceuticals Inc.    567,126      2,314
*,1 Cano Health Inc.  2,526,430      2,299
* Poseida Therapeutics Inc. Class A    736,828      2,269
*,1 CorMedix Inc.    538,329      2,229
* Cue Health Inc.  1,223,161      2,226
*,2 PDL BioPharma Inc.  1,757,467      2,214
* Annexon Inc. 574,722 2,213
* KalVista Pharmaceuticals Inc. 279,557 2,197
*,1 Immuneering Corp. Class A 225,865 2,193
* PMV Pharmaceuticals Inc. 454,311 2,167
* Harvard Bioscience Inc. 512,450 2,152
*,1 Quantum-Si Inc. 1,218,118 2,144
*,1 Asensus Surgical Inc. Class A 3,248,502 2,138
* Jasper Therapeutics Inc. 1,175,507 2,128
*,1 Citius Pharmaceuticals Inc. 1,818,366 2,127
*,1 Tango Therapeutics Inc. 538,443 2,127
* Zimvie Inc. 291,347 2,106
* XOMA Corp. 97,004 2,048
* Organogenesis Holdings Inc. Class A 959,863 2,045
* Akoya Biosciences Inc. 247,410 2,024
* Fulcrum Therapeutics Inc. 701,271 1,999
*,1 Orchestra BioMed Holdings Inc. 101,180 1,980
*,1 Innovage Holding Corp. 247,177 1,972
* InfuSystem Holdings Inc. 254,385 1,971
* KORU Medical Systems Inc. 464,328 1,959
* Seer Inc. Class A 506,939 1,957
* Amneal Pharmaceuticals Inc. 1,404,468 1,952
* CytoSorbents Corp. 575,510 1,939
*,1 scPharmaceuticals Inc. 213,451 1,936
*,1 Alaunos Therapeutics Inc. 3,031,717 1,910
* Semler Scientific Inc. 71,212 1,908
* Nektar Therapeutics Class A 2,711,301 1,906
*,1 Standard BioTools Inc. 962,596 1,877
* Cue Biopharma Inc. 523,408 1,869
* C4 Therapeutics Inc. 587,870 1,846
* Tabula Rasa HealthCare Inc. 330,022 1,845
*,1 Genelux Corp. 66,375 1,841
* Nautilus Biotechnology Inc. Class A 663,291 1,837
* Larimar Therapeutics Inc. 397,927 1,803
*,1 Paratek Pharmaceuticals Inc. 704,989 1,791
* Spectrum Pharmaceuticals Inc. 2,362,069 1,772
*,1 Mind Medicine MindMed Inc. 557,745 1,768
* Omega Therapeutics Inc. 293,095 1,767
*,1 Theseus Pharmaceuticals Inc. 196,496 1,745
* Verrica Pharmaceuticals Inc. 266,711 1,734
*,1 ProKidney Corp. Class A 152,313 1,724
* PepGen Inc. 138,827 1,698
* Vigil Neuroscience Inc. 172,520 1,689
*,1 IGM Biosciences Inc. 122,673 1,686
* Ovid therapeutics Inc. 651,565 1,681

          Shares Market
Value
($000)
* Puma Biotechnology Inc.    539,962      1,668
*,1 Foghorn Therapeutics Inc.    267,245      1,657
* Precigen Inc.  1,528,061      1,620
* Esperion Therapeutics Inc.  1,015,096      1,614
* G1 Therapeutics Inc.    591,046      1,584
* Anixa Biosciences Inc.    365,929      1,574
* Aadi Bioscience Inc.    212,802      1,541
* Tela Bio Inc.    144,279      1,535
*,1 Prime Medicine Inc.    124,819      1,535
* Olema Pharmaceuticals Inc.    441,732      1,533
* Nkarta Inc.    429,352      1,524
* Enzo Biochem Inc.    625,128      1,519
* Icosavax Inc.    257,660      1,494
*,1 Celcuity Inc.    145,603      1,492
* BioAtla Inc. 552,544 1,481
* FONAR Corp. 91,273 1,479
* Personalis Inc. 534,786 1,476
* CVRx Inc. 157,506 1,468
*,1 Outlook Therapeutics Inc. 1,333,130 1,453
* CytomX Therapeutics Inc. 958,673 1,448
* Durect Corp. 319,553 1,448
* Capricor Therapeutics Inc. 340,382 1,436
*,1 Gossamer Bio Inc. 1,138,583 1,435
*,1 Perspective Therapeutics Inc. 2,235,035 1,426
* Chimerix Inc. 1,119,294 1,410
*,1 Galectin Therapeutics Inc. 670,160 1,407
*,1 Optinose Inc. 723,905 1,397
*,1 CEL - SCI Corp. 599,637 1,391
*,1 DermTech Inc. 369,368 1,359
*,1 Vaxart Inc. 1,792,995 1,357
* Acrivon Therapeutics Inc. 106,914 1,357
*,1 Akebia Therapeutics Inc. 2,412,371 1,352
* Kinnate Biopharma Inc. 215,647 1,348
1 ProPhase Labs Inc. 176,300 1,343
*,1 BrainStorm Cell Therapeutics Inc. 406,237 1,341
* MediciNova Inc. 610,232 1,318
*,1 Rallybio Corp. 230,721 1,317
* ALX Oncology Holdings Inc. 289,006 1,306
* Stereotaxis Inc. 639,523 1,305
*,1 Vaxxinity Inc. Class A 562,125 1,276
* Sanara Medtech Inc. 30,010 1,238
*,1 Vicarious Surgical Inc. Class A 539,936 1,226
* Atossa Therapeutics Inc. 1,686,157 1,222
*,1 Apyx Medical Corp. 419,208 1,207
*,1 Eton Pharmaceuticals Inc. 311,427 1,199
*,1 BioVie Inc. Class A 147,637 1,193
*,1 Pyxis Oncology Inc. 296,279 1,188
* Neuronetics Inc. 403,878 1,175
* Mallinckrodt plc 160,900 1,173
* Absci Corp. 667,634 1,168
*,1 DarioHealth Corp. 280,481 1,156
*,1 Cidara Therapeutics Inc. 908,104 1,153
* Eyenovia Inc. 325,675 1,150
*,1 Achieve Life Sciences Inc. 168,622 1,147
* Athira Pharma Inc. 457,702 1,144
* Shattuck Labs Inc. 388,008 1,141
* ChromaDex Corp. 743,337 1,137
*,1 Bellerophon Therapeutics Inc. 142,168 1,122

          Shares Market
Value
($000)
* SCYNEXIS Inc.    371,531      1,115
* Matinas BioPharma Holdings Inc.  2,361,667      1,110
*,1 Annovis Bio Inc.     71,015      1,094
*,1 Enliven Therapeutics Inc.     49,931      1,093
*,1 Inmune Bio Inc.    168,011      1,085
* Sensus Healthcare Inc.    207,423      1,081
*,1 Inotiv Inc.    248,107      1,074
*,1 Ikena Oncology Inc.    308,736      1,065
* Jounce Therapeutics Inc.    572,330      1,059
* Streamline Health Solutions Inc.    583,666      1,051
*,1 Verastem Inc.  2,509,284      1,042
* Century Therapeutics Inc.    299,597      1,040
* PhenomeX Inc.    885,758      1,027
*,1 Seelos Therapeutics Inc.  1,478,231      1,022
* Electromed Inc. 98,146 1,021
*,1 EyePoint Pharmaceuticals Inc. 342,542 1,007
* Dare Bioscience Inc. 957,694 996
* Rezolute Inc. 512,314 984
* Cardiff Oncology Inc. 590,707 975
* Tenaya Therapeutics Inc. 339,945 969
* Prelude Therapeutics Inc. 169,409 966
*,1 Hyperfine Inc. Class A 661,431 952
*,1 VolitionRX Ltd. 492,280 940
* aTyr Pharma Inc. 436,992 918
*,1 Invivyd Inc. 747,479 897
*,1 Adverum Biotechnologies Inc. 1,242,292 891
* Talkspace Inc. 1,259,130 875
*,1 Forian Inc. 229,226 873
* X4 Pharmaceuticals Inc. 992,017 863
* Pieris Pharmaceuticals Inc. 872,701 852
* Hepion Pharmaceuticals Inc. 1,090,743 847
*,1 Bright Green Corp. 899,476 847
* Ocuphire Pharma Inc. 224,507 842
*,1 Summit Therapeutics Inc. 481,241 842
* Acumen Pharmaceuticals Inc. 202,857 824
*,1 Sonendo Inc. 407,005 814
* Fortress Biotech Inc. 985,656 808
* Kronos Bio Inc. 553,029 807
* Relmada Therapeutics Inc. 352,855 797
*,1 Reviva Pharmaceuticals Holdings Inc. 188,705 791
* Disc Medicine Inc. 37,246 789
* GlycoMimetics Inc. 624,423 787
* Singular Genomics Systems Inc. 649,099 785
*,1 Galera Therapeutics Inc. 305,858 783
*,1 Greenwich Lifesciences Inc. 54,752 755
* Immunic Inc. 502,478 749
* Societal CDMO Inc. 627,573 747
* Clearside Biomedical Inc. 697,789 726
* TCR2 Therapeutics Inc. 476,934 715
*,1 MyMD Pharmaceuticals Inc. 410,666 706
* XBiotech Inc. 204,329 705
*,1 Spero Therapeutics Inc. 482,187 699
* Trevi Therapeutics Inc. 375,494 695
1 AirSculpt Technologies Inc. 132,658 669
* Augmedix Inc. 383,326 667
* Co-Diagnostics Inc. 444,776 658
*,1 SmileDirectClub Inc. Class A 1,523,499 655
* Precision BioSciences Inc. 851,383 642

          Shares Market
Value
($000)
*,1 Pulse Biosciences Inc.    191,051        642
* Great Elm Group Inc.    280,834        637
*,1 Aravive Inc.    315,214        630
* Curis Inc.  1,054,023        628
*,1 Immunome Inc.    125,570        627
* Lyra Therapeutics Inc.    301,686        624
* Delcath Systems Inc.    104,834        603
* Reneo Pharmaceuticals Inc.     99,626        596
* AN2 Therapeutics Inc.     60,179        594
*,1 Third Harmonic Bio Inc.    143,047        589
*,1 Milestone Scientific Inc.    644,153        580
* Instil Bio Inc.    874,673        578
*,1 Rani Therapeutics Holdings Inc. Class A    110,975        573
*,1 BioSig Technologies Inc.    497,969        568
*,1 Aveanna Healthcare Holdings Inc. 538,008 560
* Graphite Bio Inc. 227,811 558
* Homology Medicines Inc. 535,943 552
*,1 Genprex Inc. 598,971 545
*,1 VBI Vaccines Inc. 1,791,245 543
*,1 Clene Inc. 477,286 539
*,1 Avrobio Inc. 537,481 537
*,1 Celularity Inc. Class A 843,244 523
*,1 Bioventus Inc. Class A 483,525 517
* NeuroPace Inc. 108,151 502
* Alzamend Neuro Inc. 1,178,178 501
* Tracon Pharmaceuticals Inc. 262,772 497
*,1 Aquestive Therapeutics Inc. 433,504 494
* enVVeno Medical Corp. 104,365 494
* Oncternal Therapeutics Inc. 621,232 488
* Eiger BioPharmaceuticals Inc. 540,723 485
* Lantern Pharma Inc. 99,265 479
*,1 Black Diamond Therapeutics Inc. 252,352 477
* Cosmos Health Inc. 134,834 477
* Eledon Pharmaceuticals Inc. 201,259 475
*,1 Akumin Inc. 695,610 473
* Xilio Therapeutics Inc. 147,846 470
* Praxis Precision Medicines Inc. 576,833 467
* Pardes Biosciences Inc. Class A 349,795 462
*,1 Sera Prognostics Inc. Class A 120,477 461
*,1 Corbus Pharmaceuticals Holdings Inc. 62,059 451
*,1 TherapeuticsMD Inc. 119,900 450
*,1 Atreca Inc. Class A 393,228 448
* Assembly Biosciences Inc. 520,411 437
* Moleculin Biotech Inc. 454,705 437
* Protara Therapeutics Inc. 140,668 436
* Retractable Technologies Inc. 246,784 432
* Viracta Therapeutics Inc. 269,120 428
*,1 GreenLight Biosciences Holdings PBC 982,201 425
* Passage Bio Inc. 439,575 421
*,1 Talaris Therapeutics Inc. 220,965 415
*,1 Quince Therapeutics Inc. 265,538 414
  Carisma Therapeutics Inc. 133,568 414
  Psychemedics Corp. 78,306 411
*,1 Miromatrix Medical Inc. 241,350 405
*,1 Abeona Therapeutics Inc. 143,281 404
* Lipocine Inc. 1,262,810 402
* CareCloud Inc. 119,857 402
*,1 PAVmed Inc. 1,071,449 400

          Shares Market
Value
($000)
*,2 Tobira Therapeutics Inc. CVR Exp. 12/31/28     87,894        398
*,1 iCAD Inc.    319,228        396
* Synlogic Inc.    624,203        395
* Mustang Bio Inc.  1,071,517        393
* Decibel Therapeutics Inc.    129,540        391
* Oncocyte Corp.  1,101,689        390
*,1 Kala Pharmaceuticals Inc.     25,696        387
*,1 Accelerate Diagnostics Inc.    550,579        385
*,1 SELLAS Life Sciences Group Inc.    268,445        384
* Surface Oncology Inc.    536,790        375
*,1 Syros Pharmaceuticals Inc.    140,119        374
* BioCardia Inc.    189,240        371
*,1 Magenta Therapeutics Inc.    464,208        369
* Longboard Pharmaceuticals Inc.     92,584        364
* Werewolf Therapeutics Inc. 138,536 360
*,1 Biodesix Inc. 193,239 359
* Orgenesis Inc. 300,650 355
* DiaMedica Therapeutics Inc. 228,620 350
* CASI Pharmaceuticals Holdings Inc. 150,870 347
* AquaBounty Technologies Inc. 580,668 345
* Exagen Inc. 141,951 345
*,1 iBio Inc. 165,747 345
*,1 Telesis Bio Inc. 110,770 343
* IRIDEX Corp. 164,113 341
* Kewaunee Scientific Corp. 21,503 338
*,1 MEI Pharma Inc. 1,465,882 336
* ImmuCell Corp. 65,129 335
*,1 Neoleukin Therapeutics Inc. 478,838 335
* P3 Health Partners Inc. 316,194 335
*,1 Tonix Pharmaceuticals Holding Corp. 565,846 334
*,1 Aspira Women's Health Inc. 903,574 331
*,1 Sonida Senior Living Inc. 48,661 330
* LENSAR Inc. 133,235 328
*,1 Novan Inc. 251,875 327
* Corvus Pharmaceuticals Inc. 356,806 325
* Palatin Technologies Inc. 115,668 318
* Biomerica Inc. 168,196 315
* Cognition Therapeutics Inc. 158,207 313
* Elevation Oncology Inc. 163,738 311
*,1 NightHawk Biosciences Inc. 352,600 308
*,1 Biote Corp. Class A 49,417 306
*,1 VistaGen Therapeutics Inc. 2,422,862 302
* Taysha Gene Therapies Inc. 378,732 302
*,1 Owlet Inc. 923,752 300
* NextCure Inc. 201,781 299
* Ekso Bionics Holdings Inc. 179,455 296
*,1 NRX Pharmaceuticals Inc. 448,671 296
*,1 Leap Therapeutics Inc. 851,630 290
*,1 Oncology Institute Inc. 416,082 282
* Solid Biosciences Inc. 58,895 279
* PharmaCyte Biotech Inc. 94,819 276
* ARCA biopharma Inc. 138,329 275
*,1 Senti Biosciences Inc. Class A 232,999 275
*,1 NeuroOne Medical Technologies Corp. 168,499 271
*,1 AIM ImmunoTech Inc. 620,229 267
* Champions Oncology Inc. 65,914 265
* ElectroCore Inc. 48,008 264
*,1 Checkpoint Therapeutics Inc. 116,259 262

          Shares Market
Value
($000)
* Pro-Dex Inc.     15,741        261
*,1 Zynerba Pharmaceuticals Inc.    604,155        260
* Strata Skin Sciences Inc.    235,454        259
*,1 RVL Pharmaceuticals plc    224,896        256
* Biotricity Inc.    551,341        256
* Gain Therapeutics Inc.     52,605        254
*,1 UNITY Biotechnology Inc.    155,751        254
* Applied Therapeutics Inc.    312,458        253
* Dominari Holdings Inc.     77,687        250
*,1 Cardio Diagnostics Holdings Inc.     64,022        250
*,1 vTv Therapeutics Inc. Class A    305,107        246
*,1 Adamis Pharmaceuticals Corp.  2,106,353        244
*,1 Nuvectis Pharma Inc.     18,537        243
* Unicycive Therapeutics Inc.    115,057        242
* Satsuma Pharmaceuticals Inc. 337,139 235
* Eliem Therapeutics Inc. 80,918 235
* Precipio Inc. 352,910 234
* Predictive Oncology Inc. 713,603 233
* Hookipa Pharma Inc. 315,524 232
* Harpoon Therapeutics Inc. 308,935 230
*,1 Spruce Biosciences Inc. 104,176 230
*,1 Organovo Holdings Inc. 104,510 229
*,1,2 Palisade Bio Inc. CVR 238,902 229
*,1 Frequency Therapeutics Inc. 448,505 226
*,1 9 Meters Biopharma Inc. 161,178 224
* Aligos Therapeutics Inc. 250,431 219
* Bolt Biotherapeutics Inc. 157,452 219
*,1 Biora Therapeutics Inc. 78,929 219
* Alpha Teknova Inc. 73,641 218
* Tempest Therapeutics Inc. 93,802 218
*,1 Microbot Medical Inc. 104,308 217
* Rockwell Medical Inc. 120,130 217
*,1 Molecular Templates Inc. 566,562 215
*,1 Lannett Co. Inc. 123,172 214
*,1 Vapotherm Inc. 318,785 210
* Acutus Medical Inc. 278,220 210
* Cyclerion Therapeutics Inc. 469,816 204
*,1 Enochian Biosciences Inc. 222,701 204
*,1 Chembio Diagnostics Inc. 457,104 202
* Infinity Pharmaceuticals Inc. 1,260,434 202
* Science 37 Holdings Inc. 710,569 200
*,1 ATI Physical Therapy Inc. 783,081 199
*,1 Eargo Inc. 42,585 199
* Dyadic International Inc. 110,758 197
*,1 GeoVax Labs Inc. 288,573 192
*,1 Lisata Therapeutics Inc. 56,770 185
* TFF Pharmaceuticals Inc. 268,770 184
* Candel Therapeutics Inc. 134,169 184
* Aeglea BioTherapeutics Inc. 632,341 183
*,2 Imara Inc. CVR 145,382 182
*,1 NanoViricides Inc. 154,515 181
* Vincerx Pharma Inc. 173,353 180
* American Shared Hospital Services 63,508 178
*,1 Applied DNA Sciences Inc. 156,293 177
* Equillium Inc. 242,412 177
*,1 Evelo Biosciences Inc. 971,999 176
*,1 Longeveron Inc. 65,090 174
* Onconova Therapeutics Inc. 236,656 173

          Shares Market
Value
($000)
* AgeX Therapeutics Inc.    259,263        172
*,1 UpHealth Inc.    115,174        172
*,1 Know Labs Inc.    192,581        171
*,1 Clever Leaves Holdings Inc.    441,494        169
* Conformis Inc.    104,898        168
*,1 PetVivo Holdings Inc.     59,855        167
*,1 Surrozen Inc.    271,911        164
* Cumberland Pharmaceuticals Inc.     83,119        162
* TScan Therapeutics Inc.     74,956        157
* GT Biopharma Inc.    276,175        152
*,1 Vivani Medical Inc.    151,737        152
*,1 Axcella Health Inc.    315,295        151
* Bio-Path Holdings Inc.    108,929        151
* Forte Biosciences Inc.    149,084        151
*,1 SAB Biotherapeutics Inc. 340,547 150
* Rapid Micro Biosystems Inc. Class A 113,865 149
* Cyteir Therapeutics Inc. 81,271 148
* Sensei Biotherapeutics Inc. 97,704 147
*,1 OncoSec Medical Inc. 57,066 147
*,1 Athersys Inc. 118,213 145
* Lumos Pharma Inc. 42,183 143
*,1 Aptevo Therapeutics Inc. 69,172 141
*,1 Sientra Inc. 91,727 141
* NeuroMetrix Inc. 95,051 139
* Cocrystal Pharma Inc. 70,301 139
*,1 Theriva Biologics Inc. 194,494 136
*,1 SQZ Biotechnologies Co. 241,040 135
*,1 Impel Pharmaceuticals Inc. 96,137 135
*,1 Apexigen Inc. 253,880 127
* Avalo Therapeutics Inc. 72,041 126
*,2 Strongbridge Biopharma plc CVR 687,671 125
*,1 Pear Therapeutics Inc. Class A 476,136 121
* Diffusion Pharmaceuticals Inc. 28,978 121
*,1 Cingulate Inc. 123,016 121
* RenovoRx Inc. 34,378 120
*,1 Coeptis Therapeutics Holdings 81,672 118
* Nutriband Inc. 35,226 117
* Galecto Inc. 57,643 115
*,1 Yield10 Bioscience Inc. 40,451 112
* Acurx Pharmaceuticals Inc. 32,470 112
* Alimera Sciences Inc. 53,735 111
*,1 Nemaura Medical Inc. 126,682 111
* cbdMD Inc. 564,363 110
* Soleno Therapeutics Inc. 49,939 107
* HeartBeam Inc. 46,739 106
*,1 PaxMedica Inc. 54,959 105
*,1 Regulus Therapeutics Inc. 120,151 102
*,1 IN8bio Inc. 77,993 101
* Surgalign Holdings Inc. 63,170 101
* Minerva Neurosciences Inc. 63,041 101
*,1 Humanigen Inc. 683,489 98
*,1 Edesa Biotech Inc. 106,260 97
* Immix Biopharma Inc. 52,378 95
*,1 Acorda Therapeutics Inc. 159,778 94
* Cellectar Biosciences Inc. 65,482 94
* SunLink Health Systems Inc. 83,942 92
* Talis Biomedical Corp. 186,773 92
* ThermoGenesis Holdings Inc. 35,200 92

          Shares Market
Value
($000)
*,1 Lexaria Bioscience Corp.     33,329         91
*,1 Acer Therapeutics Inc.    118,495         90
* Aceragen Inc.     39,478         90
* Armata Pharmaceuticals Inc.     53,218         89
* Sigilon Therapeutics Inc.     95,157         89
* Vivos Therapeutics Inc.    261,932         89
*,1 VYNE Therapeutics Inc.     27,264         84
* Better Therapeutics Inc.    112,436         82
  Kineta Inc.     24,699         82
*,1 SiNtx Technologies Inc.     37,766         77
* Vaccinex Inc.    188,819         75
*,1 Biofrontera Inc.    120,938         74
* Aethlon Medical Inc.    190,657         73
*,1 Histogen Inc.     60,166         73
*,1 Navidea Biopharmaceuticals Inc. 276,491 72
*,1 Adial Pharmaceuticals Inc. 203,358 71
* Applied Molecular Transport Inc. 222,651 71
*,1 Lipella Pharmaceuticals Inc. 37,074 71
* Athenex Inc. 53,258 71
*,1 Aziyo Biologics Inc. Class A 46,243 70
* Oncorus Inc. 204,692 70
* Titan Pharmaceuticals Inc. 82,051 68
* Aptinyx Inc. Class A 536,898 67
*,1 Calyxt Inc. 192,274 67
* NeuBase Therapeutics Inc. 362,828 67
* INVO BioScience Inc. 105,539 67
*,1 MSP Recovery Inc. 78,947 67
*,1 Akili Inc. Class A 42,105 67
*,1 Timber Pharmaceuticals Inc. 38,687 66
*,1 Eterna Therapeutics Inc. 18,551 65
*,1 Ontrak Inc. 121,862 64
*,1 Monopar Therapeutics Inc. 45,167 64
* Gelesis Holdings Inc. 394,032 64
*,2 Adamas Pharmaceuticals Inc. CVR 1,055,708 64
* Pulmatrix Inc. 21,390 63
*,1 Marker Therapeutics Inc. 87,137 62
*,1 Phio Pharmaceuticals Corp. 10,277 61
*,1 Cyclo Therapeutics Inc. 71,160 60
*,1 MiNK Therapeutics Inc. 30,617 59
* Imunon Inc. 46,782 58
* ENDRA Life Sciences Inc. 25,739 58
*,1 Plus Therapeutics Inc. 195,469 57
* Evoke Pharma Inc. 29,851 57
* NanoVibronix Inc. 16,201 55
* Protagenic Therapeutics Inc. 31,781 55
*,1 Blue Water Vaccines Inc. 49,309 53
*,1 ReShape Lifesciences Inc. 20,591 53
*,1 Soligenix Inc. (XNCM) 26,765 53
* Virpax Pharmaceuticals Inc. 65,145 51
* Cyclacel Pharmaceuticals Inc. 86,949 50
* Angion Biomedica Corp. 85,551 50
* Aileron Therapeutics Inc. 39,934 50
*,1 Eloxx Pharmaceuticals Inc. 19,893 50
*,1 Jaguar Health Inc. 79,361 50
* iSpecimen Inc. 35,987 49
*,1 OpGen Inc. 36,701 49
* Finch Therapeutics Group Inc. 120,966 48
* Trevena Inc. 69,236 48

          Shares Market
Value
($000)
*,2 Catalyst Biosciences Inc. CVR    475,977         48
* Pasithea Therapeutics Corp.    121,007         47
*,1 Venus Concept Inc.    211,571         46
*,1 Lucid Diagnostics Inc.     33,167         46
* Avinger Inc.     55,516         44
*,1 Baudax Bio Inc.     24,900         42
* Aprea Therapeutics Inc.      9,375         42
*,1 Aridis Pharmaceuticals Inc.    129,880         41
* Xenetic Biosciences Inc.     96,982         40
*,1 Comera Life Sciences Holdings Inc.     44,098         40
*,1 HTG Molecular Diagnostics Inc.     14,692         40
* Indaptus Therapeutics Inc.     21,151         39
* HCW Biologics Inc.     28,400         39
*,1 NexImmune Inc.     97,320         37
*,1 PLx Pharma Inc. 280,496 36
* Regional Health Properties Inc. 10,499 36
*,1 SCWorx Corp. 103,826 36
*,1 Kiora Pharmaceuticals Inc. 10,503 35
* eFFECTOR Therapeutics Inc. 94,449 34
*,1 Nuwellis Inc. 7,097 34
* ZyVersa Therapeutics Inc. 16,894 33
* Cohbar Inc. 17,665 32
*,1 Creative Medical Technology Holdings Inc. 61,050 31
* ProSomnus Inc. 5,886 31
* Exicure Inc. 34,318 30
*,1 ContraFect Corp. 16,304 30
*,2 Aduro Biotech Inc. CVR 150,581 28
*,1 InVivo Therapeutics Holdings Corp. 26,246 28
*,1 Kintara Therapeutics Inc. 7,563 28
*,1 180 Life Sciences Corp. 15,379 28
* CalciMedica Inc. 5,518 28
*,1 Salarius Pharmaceuticals Inc. 14,263 27
* Insulet Corp. 80 26
*,1 Biolase Inc. 92,558 26
*,1 Vyant Bio Inc. 44,740 26
*,1 Windtree Therapeutics Inc. 5,198 26
* Anebulo Pharmaceuticals Inc. 8,656 26
* Processa Pharmaceuticals Inc. 46,013 24
* Dynatronics Corp. 16,074 24
*,1 Inhibikase Therapeutics Inc. 34,539 23
*,1 Hoth Therapeutics Inc. 10,437 22
*,1 AcelRx Pharmaceuticals Inc. 32,999 22
*,2 Aevi Genomic Medicine Inc. CVR 631,947 21
*,1,2 Oncternal Therapeutics Inc. CVR 19,268 20
*,1 Bellicum Pharmaceuticals Inc. 59,361 20
*,1 Enveric Biosciences Inc. 12,125 20
*,1 Aytu BioPharma Inc. 8,665 20
*,1 SeaStar Medical Holding Corp. 9,979 19
* BioRestorative Therapies Inc. 4,910 17
*,1 Agile Therapeutics Inc. 76,860 17
*,1 NovaBay Pharmaceuticals Inc. 9,912 17
* Benitec Biopharma Inc. 74,773 16
* Ensysce Biosciences Inc. 3,267 16
*,1 PolarityTE Inc. 31,876 15
*,1 Fresh Tracks Therapeutics Inc. 23,060 15
* Petros Pharmaceuticals Inc. 10,889 15
* Synaptogenix Inc. 17,391 14
*,2 Ocera Therapeutics Inc. CVR 48,417 13

          Shares Market
Value
($000)
* TRxADE HEALTH Inc.     39,629         12
*,1 Intelligent Bio Solutions Inc.      3,779         11
* Femasys Inc.      8,823         10
*,1 Avenue Therapeutics Inc.      8,960         10
* Imac Holdings Inc.     62,631          9
* bioAffinity Technologies Inc.      4,628          9
* Ainos Inc.      9,831          9
* ABVC BioPharma Inc.     12,371          8
*,1 Journey Medical Corp.      5,309          8
*,1,2 Miragen Therapeutics Inc. CVR    330,960          7
*,1 Landos Biopharma Inc.     23,995          7
*,1 Virios Therapeutics Inc.     18,685          7
*,1 Bluejay Diagnostics Inc.     15,899          7
*,1 Sonnet BioTherapeutics Holdings Inc.     18,057          7
*,1,2 Qualigen Therapeutics Inc. CVR 91,096 6
*,1 Tenon Medical Inc. 3,534 6
*,2 F-star Therapeutics Inc. CVR 81,676 6
*,2 Alexza Pharmaceuticals Inc. CVR 128,704 5
*,1 Star Equity Holdings Inc. 3,908 4
* Minerva Surgical Inc. 19,180 4
* Hillstream Biopharma Inc. 4,719 4
*,1 Tenax Therapeutics Inc. 8,691 4
* Precision Optics Corp. Inc. 582 4
*,1,2 Seelos Therapeutics Inc. CVR 5,736 3
*,1 Aditxt Inc. 3,385 3
*,1,2 CinCor Pharma Inc. CVR 832 3
*,1 First Wave BioPharma Inc. 977 3
* Ligand Pharmaceuticals Inc. Glucagon CVR 395,811 2
* Ligand Pharmaceuticals Inc. General CVR 395,811 2
* Ligand Pharmaceuticals Inc. Roche CVR 395,811 2
*,2 Ocuphire Pharma Inc. CVR 13,673 2
*,1 NantHealth Inc. 915 2
*,1 NeuroBo Pharmaceuticals Inc. 1,984 1
*,2 Ambit Biosciences Corp. CVR 22,388
*,2 Biosante Pharmaceuticals Inc. CVR 44,795
* Xtant Medical Holdings Inc. 100
*,2 NeuroBo Pharmaceuticals Inc. CVR 5,194
* Advaxis Inc. Warrants Exp. 9/11/24 47,130
*,2 Lantheus Holdings Inc. CVR 1,316,898
*,2 Achillion Pharmaceuticals Inc. CVR 374
*,2 Salarius Pharmaceuticals Inc. Warrants Exp. 1/20/25 119,407
  Cryo-Cell International Inc. 77
* Modular Medical Inc. 306
*,1,2 Disc Medicine Inc. CVR 238,398
*,2 OmniAb Inc. 12.5 Earnout 83,004
*,2 OmniAb Inc. 15 Earnout 83,004
*,1 Panbela Therapeutics Inc. 514
*,2 Sesen Bio Inc. CVR 2,671,362
*,2 Soligenix Inc. 401
*,2 Regional Healthcare Inc. 10
            10,775,701
Industrials (16.9%)
* Uber Technologies Inc. 27,719,907 878,721
  Ferguson plc 2,864,997 383,193
* Axon Enterprise Inc. 939,395 211,223
* Builders FirstSource Inc. 2,046,680 181,704
  Hubbell Inc. Class B 741,846 180,499
  SS&C Technologies Holdings Inc. 3,033,099 171,279

          Shares Market
Value
($000)
  Booz Allen Hamilton Holding Corp. Class A  1,828,515    169,485
  Graco Inc.  2,318,151    169,248
  TransUnion  2,678,009    166,411
  Carlisle Cos. Inc.    718,558    162,444
  AECOM  1,916,648    161,612
  Toro Co.  1,445,103    160,638
  Watsco Inc.    461,948    146,973
* WillScot Mobile Mini Holdings Corp.  2,897,619    135,840
  Lincoln Electric Holdings Inc.    796,023    134,607
  Regal Rexnord Corp.    917,758    129,156
  Knight-Swift Transportation Holdings Inc. Class A  2,230,370    126,194
  Owens Corning  1,298,366    124,383
  HEICO Corp. Class A    911,862    123,922
  AGCO Corp.    858,236    116,034
  Lennox International Inc. 448,974 112,818
* Middleby Corp. 746,072 109,382
  Donaldson Co. Inc. 1,671,456 109,213
  Tetra Tech Inc. 737,723 108,379
  Genpact Ltd. 2,323,030 107,370
  EMCOR Group Inc. 659,039 107,153
  Sensata Technologies Holding plc 2,121,746 106,130
  Fortune Brands Innovations Inc. 1,782,709 104,699
  KBR Inc. 1,898,090 104,490
  HEICO Corp. 581,545 99,467
* Clean Harbors Inc. 697,136 99,384
  nVent Electric plc 2,302,472 98,868
* Saia Inc. 361,487 98,353
  ITT Inc. 1,138,844 98,282
  WESCO International Inc. 623,459 96,349
* CACI International Inc. Class A 324,686 96,198
* FTI Consulting Inc. 477,217 94,179
  Valmont Industries Inc. 294,225 93,940
  Curtiss-Wright Corp. 527,986 93,063
* RBC Bearings Inc. 396,713 92,327
  Landstar System Inc. 496,916 89,077
  MDU Resources Group Inc. 2,825,400 86,118
* SiteOne Landscape Supply Inc. 629,113 86,107
*,1 Plug Power Inc. 7,305,230 85,617
* GXO Logistics Inc. 1,647,373 83,126
* Evoqua Water Technologies Corp. 1,667,862 82,926
  Acuity Brands Inc. 443,722 81,081
  Science Applications International Corp. 751,513 80,758
  Woodward Inc. 825,947 80,422
* Univar Solutions Inc. 2,274,873 79,689
  BWX Technologies Inc. 1,259,779 79,416
  Hexcel Corp. 1,162,751 79,358
* MasTec Inc. 820,545 77,492
* Atkore Inc. 544,882 76,545
  Applied Industrial Technologies Inc. 529,312 75,231
  Oshkosh Corp. 899,464 74,817
  Crane Holdings Co. 658,482 74,738
  Timken Co. 913,440 74,646
* Trex Co. Inc. 1,527,236 74,331
  Advanced Drainage Systems Inc. 871,219 73,365
* Chart Industries Inc. 583,010 73,109
* ExlService Holdings Inc. 450,513 72,907
  Concentrix Corp. 591,553 71,903
  Comfort Systems USA Inc. 489,849 71,498

          Shares Market
Value
($000)
  Exponent Inc.    689,048     68,691
  MSA Safety Inc.    510,473     68,148
* Avis Budget Group Inc.    347,348     67,663
  UFP Industries Inc.    843,024     66,995
  Maximus Inc.    827,609     65,133
  Simpson Manufacturing Co. Inc.    585,607     64,206
  Watts Water Technologies Inc. Class A    376,055     63,298
  U-Haul Holding Co. (XNYS)  1,215,206     63,008
  Ryder System Inc.    699,412     62,416
* API Group Corp.  2,759,282     62,029
  Flowserve Corp.  1,811,708     61,598
  Vertiv Holdings Co. Class A  4,204,078     60,160
* Fluor Corp.  1,938,588     59,922
* Sunrun Inc.  2,963,879     59,722
  Allison Transmission Holdings Inc. 1,298,191 58,730
  Insperity Inc. 483,036 58,713
* Aerojet Rocketdyne Holdings Inc. 1,031,793 57,956
  Mueller Industries Inc. 785,895 57,748
* Casella Waste Systems Inc. Class A 697,978 57,695
* Kirby Corp. 827,560 57,681
  ManpowerGroup Inc. 696,030 57,443
  Air Lease Corp. Class A 1,434,442 56,474
* ASGN Inc. 682,487 56,421
* Clarivate plc 5,999,318 56,334
  AAON Inc. 576,863 55,777
* Stericycle Inc. 1,276,953 55,688
  MSC Industrial Direct Co. Inc. Class A 657,326 55,215
  GATX Corp. 483,977 53,247
  Maxar Technologies Inc. 1,013,926 51,771
* XPO Inc. 1,596,867 50,940
  Triton International Ltd. 798,377 50,473
  Spirit AeroSystems Holdings Inc. Class A 1,458,880 50,375
* Shoals Technologies Group Inc. Class A 2,207,027 50,298
  Franklin Electric Co. Inc. 531,258 49,991
* Bloom Energy Corp. Class A 2,466,200 49,151
  EnerSys 559,424 48,603
  John Bean Technologies Corp. 434,998 47,541
  Encore Wire Corp. 249,141 46,173
  Federal Signal Corp. 833,666 45,193
  Hillenbrand Inc. 948,309 45,073
  Armstrong World Industries Inc. 622,932 44,378
  Terex Corp. 911,894 44,117
* SPX Technologies Inc. 620,107 43,767
  Zurn Elkay Water Solutions Corp. 2,010,799 42,951
  Esab Corp. 715,417 42,260
  Brink's Co. 629,819 42,072
  Arcosa Inc. 664,118 41,912
* Array Technologies Inc. 1,908,186 41,751
* Lyft Inc. Class A 4,489,938 41,622
* Mercury Systems Inc. 803,326 41,066
* TriNet Group Inc. 506,834 40,856
* Beacon Roofing Supply Inc. 690,263 40,622
  ABM Industries Inc. 895,488 40,243
* Alight Inc. Class A 4,326,973 39,851
  Moog Inc. Class A 392,814 39,576
  Forward Air Corp. 365,253 39,360
  FTAI Aviation Ltd. 1,385,838 38,748
  Herc Holdings Inc. 339,992 38,725

          Shares Market
Value
($000)
  Albany International Corp. Class A    428,215     38,265
*,1 ChargePoint Holdings Inc.  3,648,484     38,200
  Werner Enterprises Inc.    835,850     38,023
* Dycom Industries Inc.    402,789     37,721
* Hub Group Inc. Class A    446,300     37,462
  Korn Ferry    711,545     36,815
* Hertz Global Holdings Inc.  2,258,526     36,791
* Resideo Technologies Inc.  1,988,064     36,342
  UniFirst Corp.    205,465     36,209
* AZEK Co. Inc. Class A  1,518,908     35,755
  Dun & Bradstreet Holdings Inc.  3,038,183     35,668
* CBIZ Inc.    689,735     34,135
  ESCO Technologies Inc.    355,921     33,973
  Brady Corp. Class A    631,026     33,905
  Boise Cascade Co. 531,088 33,591
  Kadant Inc. 160,959 33,563
* GMS Inc. 577,355 33,423
* JetBlue Airways Corp. 4,434,610 32,284
* Verra Mobility Corp. Class A 1,900,599 32,158
* RXO Inc. 1,614,112 31,701
  McGrath RentCorp 337,327 31,476
* AeroVironment Inc. 341,389 31,292
  Rush Enterprises Inc. Class A 572,185 31,241
  ArcBest Corp. 332,738 30,752
  Kennametal Inc. 1,106,344 30,513
  Matson Inc. 510,786 30,479
  CSW Industrials Inc. 214,425 29,790
  Mueller Water Products Inc. Class A 2,122,889 29,593
  EnPro Industries Inc. 284,105 29,516
  Helios Technologies Inc. 448,560 29,336
* MYR Group Inc. 230,362 29,028
  Barnes Group Inc. 704,807 28,390
* Masonite International Corp. 304,068 27,600
  Trinity Industries Inc. 1,119,670 27,275
  Alamo Group Inc. 142,134 26,175
  ICF International Inc. 234,235 25,696
  Spirit Airlines Inc. 1,488,458 25,557
  Granite Construction Inc. 609,266 25,029
* Core & Main Inc. Class A 1,082,938 25,016
  Veritiv Corp. 183,761 24,833
* AAR Corp. 439,984 24,001
* Driven Brands Holdings Inc. 771,792 23,393
* Ameresco Inc. Class A 463,745 22,826
* Kratos Defense & Security Solutions Inc. 1,692,638 22,817
  Lindsay Corp. 149,685 22,622
*,1 Enovix Corp. 1,507,918 22,483
  CSG Systems International Inc. 417,300 22,409
* Huron Consulting Group Inc. 274,944 22,097
* Parsons Corp. 489,313 21,892
* PGT Innovations Inc. 842,212 21,148
  MillerKnoll Inc. 1,031,583 21,096
* Gibraltar Industries Inc. 430,749 20,891
* ACV Auctions Inc. Class A 1,606,626 20,742
  Griffon Corp. 647,265 20,719
  Standex International Corp. 166,196 20,349
  H&E Equipment Services Inc. 457,890 20,252
  Enerpac Tool Group Corp. Class A 785,641 20,034
* Allegiant Travel Co. 216,367 19,901

          Shares Market
Value
($000)
* KAR Auction Services Inc.  1,453,739     19,887
* 3D Systems Corp.  1,823,667     19,550
* Gates Industrial Corp. plc  1,388,190     19,282
* Hayward Holdings Inc.  1,605,234     18,813
* Upwork Inc.  1,639,315     18,557
* Energy Recovery Inc.    769,166     17,729
* NV5 Global Inc.    169,839     17,658
  Primoris Services Corp.    712,301     17,565
  Tennant Co.    253,544     17,375
*,1 Joby Aviation Inc.  3,995,484     17,340
* NOW Inc.  1,523,475     16,987
* Hillman Solutions Corp.  2,008,576     16,912
  Kforce Inc.    265,969     16,820
  Marten Transport Ltd.    788,009     16,509
  Wabash National Corp. 657,949 16,179
*,1 SunPower Corp. 1,167,320 16,156
* Sterling Infrastructure Inc. 424,614 16,084
*,1 FuelCell Energy Inc. 5,612,341 15,995
  HNI Corp. 570,176 15,874
* Air Transport Services Group Inc. 756,369 15,755
* SkyWest Inc. 709,718 15,734
* Construction Partners Inc. Class A 570,633 15,373
  Matthews International Corp. Class A 415,596 14,986
  Columbus McKinnon Corp. 401,462 14,918
  Greenbrier Cos. Inc. 461,313 14,840
  AZZ Inc. 357,093 14,727
* JELD-WEN Holding Inc. 1,146,734 14,518
* CoreCivic Inc. 1,572,589 14,468
  Healthcare Services Group Inc. 1,042,876 14,465
* Vicor Corp. 307,541 14,436
* Masterbrand Inc. 1,787,971 14,375
  Schneider National Inc. Class B 507,318 13,571
* GEO Group Inc. 1,699,809 13,412
* Montrose Environmental Group Inc. 375,194 13,383
*,1 NEXTracker Inc. Class A 365,122 13,239
*,1 Virgin Galactic Holdings Inc. 3,259,566 13,201
  Astec Industries Inc. 319,111 13,163
  Apogee Enterprises Inc. 302,161 13,068
* Proto Labs Inc. 386,766 12,821
  GrafTech International Ltd. 2,607,060 12,670
* American Woodmark Corp. 236,629 12,321
* Legalzoom.com Inc. 1,312,127 12,308
*,1 Rocket Lab USA Inc. 3,017,794 12,192
* Cimpress plc 277,661 12,167
1 Tecnoglass Inc. 280,609 11,774
* Thermon Group Holdings Inc. 455,767 11,358
*,1 Stem Inc. 1,988,893 11,277
* MRC Global Inc. 1,155,078 11,227
* First Advantage Corp. 798,393 11,146
* Janus International Group Inc. 1,094,992 10,797
  Steelcase Inc. Class A 1,271,777 10,708
  Douglas Dynamics Inc. 330,396 10,536
  CRA International Inc. 96,889 10,447
* Triumph Group Inc. 900,218 10,434
* Planet Labs PBC 2,651,399 10,420
*,1 Fluence Energy Inc. Class A 507,178 10,270
  Shyft Group Inc. 446,715 10,163
  Heartland Express Inc. 626,246 9,970

          Shares Market
Value
($000)
  Deluxe Corp.    611,907      9,791
  TTEC Holdings Inc.    262,863      9,786
  Quanex Building Products Corp.    450,355      9,696
* SP Plus Corp.    276,383      9,477
* Sun Country Airlines Holdings Inc.    456,525      9,359
  Kaman Corp.    407,183      9,308
* Transcat Inc.    102,986      9,206
* CIRCOR International Inc.    289,538      9,010
  Barrett Business Services Inc.     99,628      8,831
  Rush Enterprises Inc. Class B    147,424      8,829
  Pitney Bowes Inc.  2,239,614      8,712
* Titan Machinery Inc.    274,975      8,373
* BlueLinx Holdings Inc.    122,071      8,296
* Manitowoc Co. Inc.    481,606      8,231
  Heidrick & Struggles International Inc. 270,125 8,201
* TrueBlue Inc. 457,949 8,152
1 U-Haul Holding Co. 136,251 8,127
  Kelly Services Inc. Class A 489,075 8,114
  Ennis Inc. 383,869 8,096
  Genco Shipping & Trading Ltd. 510,633 7,997
* Conduent Inc. 2,314,244 7,938
* Ducommun Inc. 143,854 7,870
* Heritage-Crystal Clean Inc. 220,474 7,851
* Harsco Corp. 1,140,389 7,789
*,1 Desktop Metal Inc. Class A 3,342,937 7,689
  Argan Inc. 187,723 7,597
  Resources Connection Inc. 441,154 7,526
  Insteel Industries Inc. 270,086 7,514
* TPI Composites Inc. 573,028 7,478
  ACCO Brands Corp. 1,390,242 7,396
  Allied Motion Technologies Inc. 191,039 7,384
  Gorman-Rupp Co. 294,636 7,366
* Titan International Inc. 691,556 7,248
* Aurora Innovation Inc. 5,187,779 7,211
  Hyster-Yale Materials Handling Inc. 138,740 6,922
  VSE Corp. 148,525 6,669
* Daseke Inc. 858,337 6,635
  Interface Inc. Class A 806,374 6,548
* Hawaiian Holdings Inc. 712,913 6,530
  Luxfer Holdings plc 386,385 6,530
* Franklin Covey Co. 168,430 6,480
  Kimball International Inc. Class B 520,826 6,458
  Global Industrial Co. 238,206 6,393
1 Eagle Bulk Shipping Inc. 140,109 6,375
* Babcock & Wilcox Enterprises Inc. 1,049,548 6,360
*,1 Custom Truck One Source Inc. 907,105 6,159
*,1 Xometry Inc. Class A 411,337 6,158
*,1 Nikola Corp. 5,055,762 6,117
* Viad Corp. 292,135 6,088
* DXP Enterprises Inc. 221,712 5,968
*,1 SES AI Corp. 2,017,502 5,952
  LSI Industries Inc. 419,464 5,843
* V2X Inc. 145,024 5,760
*,1 Blink Charging Co. 665,353 5,755
* CECO Environmental Corp. 409,326 5,726
  Powell Industries Inc. 133,100 5,669
  Alta Equipment Group Inc. 356,169 5,645
  Miller Industries Inc. 158,649 5,608

          Shares Market
Value
($000)
*,1 Archer Aviation Inc. Class A  1,956,750      5,596
* Atlas Technical Consultants Inc. Class A    455,369      5,551
* Great Lakes Dredge & Dock Corp.  1,006,765      5,467
  REV Group Inc.    454,994      5,455
* Astronics Corp.    407,130      5,439
  National Presto Industries Inc.     75,140      5,417
* Forrester Research Inc.    166,906      5,399
* IES Holdings Inc.    122,711      5,288
  Preformed Line Products Co.     41,213      5,277
* Frontier Group Holdings Inc.    533,341      5,248
* Blue Bird Corp.    255,463      5,219
* TaskUS Inc. Class A    359,061      5,185
* Hudson Technologies Inc.    551,270      4,813
  Cadre Holdings Inc.    217,225      4,679
  Omega Flex Inc. 40,864 4,554
*,1 Symbotic Inc. Class A 194,576 4,444
* Northwest Pipe Co. 136,603 4,266
  FTAI Infrastructure Inc. 1,420,438 4,261
*,1 Proterra Inc. 2,697,871 4,101
* Liquidity Services Inc. 310,372 4,088
  Covenant Logistics Group Inc. Class A 113,044 4,004
* 374Water Inc. 818,368 3,863
* Bowman Consulting Group Ltd. Class A 131,540 3,777
*,1 AerSale Corp. 219,274 3,776
* Tutor Perini Corp. 600,463 3,705
* Sterling Check Corp. 327,834 3,655
  Park Aerospace Corp. 269,197 3,621
* Hyliion Holdings Corp. 1,823,406 3,610
* Microvast Holdings Inc. 2,641,781 3,276
* Distribution Solutions Group Inc. 71,196 3,237
  Pangaea Logistics Solutions Ltd. 518,937 3,046
* Commercial Vehicle Group Inc. 415,641 3,034
* Performant Financial Corp. 848,345 2,884
* Radiant Logistics Inc. 439,368 2,882
*,1 Eos Energy Enterprises Inc. 1,120,218 2,879
* BrightView Holdings Inc. 510,120 2,867
  Aris Water Solutions Inc. Class A 366,722 2,857
* HireRight Holdings Corp. 267,013 2,833
  Universal Logistics Holdings Inc. 97,135 2,831
* TuSimple Holdings Inc. Class A 1,924,945 2,830
*,1 NuScale Power Corp. 300,782 2,734
* PAM Transportation Services Inc. 94,705 2,711
* Innodata Inc. 309,863 2,646
* Willdan Group Inc. 167,299 2,613
*,1 Red Violet Inc. 143,987 2,534
* US Xpress Enterprises Inc. Class A 419,062 2,489
* Skillsoft Corp. 1,166,079 2,332
* Blade Air Mobility Inc. 659,144 2,228
*,1 FiscalNote Holdings Inc. 997,761 2,225
* Limbach Holdings Inc. 126,603 2,190
* Concrete Pumping Holdings Inc. 319,398 2,172
* Matrix Service Co. 391,306 2,113
* Gencor Industries Inc. 137,404 2,112
*,1 Beam Global 126,677 2,015
* Quad/Graphics Inc. 469,442 2,014
*,1 Energy Vault Holdings Inc. 931,764 1,994
* Mayville Engineering Co. Inc. 133,443 1,991
* Graham Corp. 148,159 1,938

          Shares Market
Value
($000)
*,1 Velo3D Inc.    844,434      1,917
*,1 SKYX Platforms Corp.    553,756      1,916
  Hurco Cos. Inc.     74,508      1,887
*,1 INNOVATE Corp.    623,568      1,852
* American Superconductor Corp.    373,697      1,835
* Innovative Solutions & Support Inc.    248,122      1,821
* Mistras Group Inc.    261,075      1,770
  Eastern Co.     89,013      1,734
* Byrna Technologies Inc.    227,449      1,726
  ARC Document Solutions Inc.    534,145      1,693
*,1 Willis Lease Finance Corp.     30,087      1,648
* L B Foster Co. Class A    142,436      1,635
*,1 Perma-Fix Environmental Services Inc.    138,502      1,632
*,1 Amprius Technologies Inc.    186,332      1,623
* Wheels Up Experience Inc. 2,537,876 1,606
*,1 Terran Orbital Corp. 872,870 1,606
1 Park-Ohio Holdings Corp. 125,237 1,513
* EVI Industries Inc. 74,850 1,482
* DLH Holdings Corp. 128,654 1,476
*,1 BlackSky Technology Inc. Class A 975,396 1,463
  BGSF Inc. 137,124 1,460
*,1 ESS Tech Inc. 911,864 1,268
* Quest Resource Holding Corp. 205,544 1,262
* Twin Disc Inc. 129,648 1,247
* Orion Group Holdings Inc. 457,435 1,185
* FTC Solar Inc. 505,812 1,138
*,1 Yellow Corp. 554,652 1,126
* Mesa Air Group Inc. 474,206 1,124
* RCM Technologies Inc. 92,320 1,067
* Markforged Holding Corp. 1,066,466 1,023
* Manitex International Inc. 195,901 1,021
* Hydrofarm Holdings Group Inc. 577,654 999
*,1 Hyzon Motors Inc. 1,219,651 994
*,1 Aqua Metals Inc. 991,526 992
*,1 Broadwind Inc. 254,444 977
*,1 Spire Global Inc. 1,427,770 954
  Karat Packaging Inc. 70,799 944
*,1 NeoVolta Inc. 365,718 936
* Orion Energy Systems Inc. 453,956 922
  HireQuest Inc. 42,174 910
*,1 Berkshire Grey Inc. 632,070 872
*,1 Redwire Corp. 287,325 871
* Perma-Pipe International Holdings Inc. 81,840 870
*,1 Ideal Power Inc. 78,007 815
  NL Industries Inc. 134,129 813
1 Acme United Corp. 32,113 739
*,1 Alpha Pro Tech Ltd. 177,664 739
*,1 Astra Space Inc. 1,702,284 723
*,1 KULR Technology Group Inc. 813,003 713
* LS Starrett Co. Class A 59,803 671
*,1 GEE Group Inc. 1,612,349 669
* NN Inc. 613,095 656
*,1 Sunworks Inc. 455,623 656
* Flux Power Holdings Inc. 128,485 624
* Westwater Resources Inc. 555,995 617
* StarTek Inc. 144,925 599
* Virco Manufacturing Corp. 150,864 599
* FreightCar America Inc. 183,976 574

          Shares Market
Value
($000)
* Mastech Digital Inc.     46,224        570
* Sarcos Technology & Robotics Corp.  1,198,490        569
* Hudson Global Inc.     25,310        565
* VirTra Inc.    140,111        565
*,1 Bird Global Inc. Class A  1,957,362        548
*,1 Advent Technologies Holdings Inc.    506,225        537
*,1 Ault Alliance Inc.  5,075,133        530
* Energous Corp.    928,548        501
*,1 AgEagle Aerial Systems Inc.  1,081,707        487
* Air T Inc.     19,387        469
*,1 Odyssey Marine Exploration Inc. Class B    139,878        455
* Fuel Tech Inc.    347,637        445
* Ultralife Corp.    110,686        445
*,1 Knightscope Inc. Class A    479,866        428
*,1 Momentus Inc. Class A 709,095 415
* Ocean Power Technologies Inc. 753,871 400
*,1 Xos Inc. 745,878 392
*,1 View Inc. 769,206 385
* Taylor Devices Inc. 15,706 315
*,1 Heliogen Inc. 1,269,609 305
* Urban-Gro Inc. 111,102 300
*,1 Dragonfly Energy Holdings Corp. 98,475 295
* Capstone Green Energy Corp. 205,780 274
* Team Inc. 48,257 264
* Williams Industrial Services Group Inc. 251,338 259
* Jewett-Cameron Trading Co. Ltd. 44,603 257
*,1 Molekule Group Inc. 130,739 221
*,1 IGC Pharma Inc. 630,222 214
* Servotronics Inc. 19,017 202
* Safe & Green Holdings Corp. 183,382 185
* Mega Matrix Corp. 117,328 182
* CPI Aerostructures Inc. 47,433 180
* SIFCO Industries Inc. 59,551 179
*,1 Orbital Infrastructure Group Inc. 1,149,227 168
* Air Industries Group 41,109 157
*,1 Nauticus Robotics Inc. 52,630 157
*,1 Laser Photonics Corp. 32,357 151
*,1 Expion360 Inc. 30,525 148
*,1 Nuvve Holding Corp. 177,956 125
* Pioneer Power Solutions Inc. 35,165 124
*,1,2 FTE Networks Inc. 82,837 124
* Steel Connect Inc. 108,003 123
  Espey Manufacturing & Electronics Corp. 5,777 117
* LiqTech International Inc. 246,699 116
*,1 Lightning eMotors Inc. 371,854 107
*,1 Polar Power Inc. 80,105 106
*,1 iSun Inc. 97,573 101
* Wilhelmina International Inc. 22,891 94
* DSS Inc. 434,597 93
*,1 Nuburu Inc. 31,162 83
* Pineapple Energy Inc. 44,970 72
  Chicago Rivet & Machine Co. 2,052 61
  P&F Industries Inc. Class A 9,701 51
*,1 Sky Harbour Group Corp. 7,037 51
* Staffing 360 Solutions Inc. 30,990 47
*,1 Energy Focus Inc. 81,557 46
* TOMI Environmental Solutions Inc. 65,117 44
*,1 JanOne Inc. 38,132 43

          Shares Market
Value
($000)
* Where Food Comes From Inc.      3,061         41
*,1 FGI Industries Ltd.     18,979         38
*,1 Atlis Motor Vehicles Inc. Class A     66,186         38
*,1 Charah Solutions Inc.     15,622         33
* Patriot Transportation Holding Inc.      3,873         31
* Shapeways Holdings Inc.     91,658         31
*,1 Applied UV Inc.     34,128         30
* ShiftPixy Inc.      6,699         30
* Sidus Space Inc. Class A     51,039         28
*,1 Exela Technologies Inc.    674,600         26
*,1 Micromobility.com Inc.      6,907         25
* iPower Inc.     42,702         23
* CEA Industries Inc.     22,679         20
*,1 Fathom Digital Manufacturing C     32,848         18
* Greenwave Technology Solutions Inc. 12,936 13
  CompX International Inc. 321 6
*,1 QualTek Services Inc. 15,120 6
*,1 Agrify Corp. 27,782 5
*,1 Gaucho Group Holdings Inc. 1,700 2
* Art's-Way Manufacturing Co. Inc. 530 1
* Avalon Holdings Corp. Class A 42
*,2 Pineapple Energy Inc. CVR 30,377
            14,177,168
Information Technology (17.4%)
* Palo Alto Networks Inc. 4,185,319 835,976
* Snowflake Inc. Class A 3,825,271 590,201
* Workday Inc. Class A 2,797,676 577,832
  Marvell Technology Inc. 11,789,539 510,487
* Crowdstrike Holdings Inc. Class A 3,034,624 416,533
* VMware Inc. Class A 2,882,967 359,938
* Atlassian Corp. Class A 2,086,695 357,180
* HubSpot Inc. 675,656 289,688
* Cloudflare Inc. Class A 3,989,992 246,023
* Datadog Inc. Class A 3,319,015 241,160
* MongoDB Inc. Class A 964,757 224,904
* Zoom Video Communications Inc. Class A 3,000,302 221,542
* Palantir Technologies Inc. Class A 24,522,452 207,215
* Splunk Inc. 2,096,831 201,044
* Okta Inc. Class A 2,125,931 183,340
* Lattice Semiconductor Corp. 1,886,314 180,143
  Entegris Inc. 2,061,731 169,083
* GoDaddy Inc. Class A 2,152,112 167,262
  Jabil Inc. 1,836,748 161,928
* Twilio Inc. Class A 2,428,446 161,807
* DocuSign Inc. Class A 2,618,323 152,648
* Zscaler Inc. 1,182,837 138,191
  Dell Technologies Inc. Class C 3,333,839 134,054
* Manhattan Associates Inc. 864,063 133,800
* Dynatrace Inc. 3,011,316 127,379
* Black Knight Inc. 2,168,943 124,844
  Cognex Corp. 2,393,674 118,607
  Bentley Systems Inc. Class B 2,730,515 117,385
* Paylocity Holding Corp. 573,178 113,936
* Wolfspeed Inc. 1,724,622 112,014
*,1 Unity Software Inc. 3,396,967 110,198
* Ciena Corp. 2,045,564 107,433
* BILL Holdings Inc. 1,248,889 101,335
* Arrow Electronics Inc. 799,437 99,826

          Shares Market
Value
($000)
* Pure Storage Inc. Class A  3,903,544     99,579
  National Instruments Corp.  1,804,905     94,595
* Guidewire Software Inc.  1,135,544     93,171
  Universal Display Corp.    598,728     92,881
* Aspen Technology Inc.    403,367     92,319
  Littelfuse Inc.    341,212     91,476
* Smartsheet Inc. Class A  1,828,334     87,394
* UiPath Inc. Class A  4,909,451     86,210
* Cirrus Logic Inc.    761,314     83,273
* Nutanix Inc. Class A  3,199,673     83,160
* Dropbox Inc. Class A  3,758,554     81,260
* Novanta Inc.    499,635     79,487
* Silicon Laboratories Inc.    436,663     76,455
* Rambus Inc.  1,476,050     75,662
* SPS Commerce Inc. 491,656 74,879
* Tenable Holdings Inc. 1,547,451 73,519
* Coherent Corp. 1,926,526 73,362
* Five9 Inc. 982,789 71,046
  Dolby Laboratories Inc. Class A 829,583 70,863
  MKS Instruments Inc. 788,627 69,888
* Super Micro Computer Inc. 649,743 69,230
  Power Integrations Inc. 781,594 66,154
* Workiva Inc. Class A 627,784 64,291
* Elastic NV 1,079,315 62,492
* New Relic Inc. 813,975 61,284
* Qualys Inc. 469,355 61,026
* Onto Innovation Inc. 689,491 60,592
* Synaptics Inc. 540,723 60,101
* Procore Technologies Inc. 956,669 59,916
  Vontier Corp. 2,181,592 59,645
* Insight Enterprises Inc. 416,915 59,602
* Fabrinet 501,744 59,587
* Axcelis Technologies Inc. 444,927 59,287
* Diodes Inc. 638,448 59,222
  Avnet Inc. 1,257,552 56,841
* Teradata Corp. 1,397,541 56,293
  TD SYNNEX Corp. 574,791 55,634
* IPG Photonics Corp. 446,330 55,037
* Box Inc. Class A 1,958,281 52,462
  Belden Inc. 600,776 52,129
* Confluent Inc. Class A 2,142,614 51,573
* Altair Engineering Inc. Class A 713,024 51,416
* Lumentum Holdings Inc. 932,235 50,350
* Alteryx Inc. Class A 852,614 50,168
* MACOM Technology Solutions Holdings Inc. 707,732 50,136
* SentinelOne Inc. Class A 3,049,847 49,896
* Blackline Inc. 742,994 49,892
  Advanced Energy Industries Inc. 508,497 49,833
* Sanmina Corp. 813,162 49,595
  Badger Meter Inc. 401,226 48,877
* NCR Corp. 1,897,557 44,763
* Envestnet Inc. 747,083 43,831
* Allegro MicroSystems Inc. 892,784 42,845
* Rogers Corp. 258,822 42,299
* Kyndryl Holdings Inc. 2,849,159 42,054
* Blackbaud Inc. 602,701 41,767
* Calix Inc. 774,718 41,517
  Kulicke & Soffa Industries Inc. 785,540 41,390

          Shares Market
Value
($000)
* ACI Worldwide Inc.  1,526,621     41,188
  Vishay Intertechnology Inc.  1,757,445     39,753
* Impinj Inc.    290,239     39,333
* Sprout Social Inc. Class A    643,909     39,201
*,1 C3.ai Inc. Class A  1,166,621     39,163
* Varonis Systems Inc. Class B  1,498,619     38,979
* PagerDuty Inc.  1,109,191     38,800
* Ambarella Inc.    496,936     38,473
*,1 MicroStrategy Inc. Class A    131,035     38,304
* Plexus Corp.    382,680     37,338
* Rapid7 Inc.    808,335     37,111
* DoubleVerify Holdings Inc.  1,209,475     36,466
  Progress Software Corp.    620,953     35,674
* Viasat Inc.  1,051,811     35,593
  Amkor Technology Inc. 1,364,679 35,509
* MaxLinear Inc. Class A 981,473 34,558
* Freshworks Inc. Class A 2,241,111 34,423
* Verint Systems Inc. 920,103 34,265
* Alarm.com Holdings Inc. 681,306 34,256
* Itron Inc. 616,793 34,201
* FormFactor Inc. 1,070,121 34,083
* Perficient Inc. 470,474 33,964
* Extreme Networks Inc. 1,774,288 33,924
* CommVault Systems Inc. 597,664 33,911
* Viavi Solutions Inc. 3,091,655 33,483
* HashiCorp Inc. Class A 1,141,788 33,443
* RingCentral Inc. Class A 1,074,305 32,949
*,1 DigitalOcean Holdings Inc. 827,539 32,415
* Appfolio Inc. Class A 257,731 32,082
* Samsara Inc. Class A 1,580,232 31,162
* SiTime Corp. 217,362 30,915
* Gitlab Inc. Class A 876,563 30,057
  Clear Secure Inc. Class A 1,086,013 28,421
* Qualtrics International Inc. Class A 1,564,521 27,895
  Pegasystems Inc. 568,053 27,539
* Fastly Inc. Class A 1,549,659 27,522
  InterDigital Inc. 368,953 26,897
* AppLovin Corp. Class A 1,704,855 26,851
* NetScout Systems Inc. 932,138 26,706
* nCino Inc. 1,060,659 26,283
* Cohu Inc. 650,825 24,985
* Appian Corp. Class A 561,762 24,931
  Xerox Holdings Corp. 1,565,455 24,108
*,1 Riot Platforms Inc. 2,290,086 22,878
* OSI Systems Inc. 222,206 22,745
* Agilysys Inc. 270,387 22,310
* Asana Inc. Class A 1,041,396 22,005
  Methode Electronics Inc. 501,286 21,996
* Harmonic Inc. 1,480,987 21,608
  CTS Corp. 433,140 21,423
* Semtech Corp. 871,921 21,048
* Ultra Clean Holdings Inc. 625,083 20,728
* Q2 Holdings Inc. 840,698 20,698
*,1 Infinera Corp. 2,652,169 20,581
* Knowles Corp. 1,201,309 20,422
* LiveRamp Holdings Inc. 910,429 19,966
* Everbridge Inc. 547,162 18,970
* TTM Technologies Inc. 1,391,764 18,775

          Shares Market
Value
($000)
* Zeta Global Holdings Corp. Class A  1,724,939     18,681
* ePlus Inc.    377,145     18,495
* Sumo Logic Inc.  1,512,783     18,123
* CommScope Holding Co. Inc.  2,842,402     18,106
* Squarespace Inc. Class A    565,983     17,981
* Paycor HCM Inc.    664,867     17,632
* PDF Solutions Inc.    412,563     17,493
* Zuora Inc. Class A  1,740,259     17,194
* Braze Inc. Class A    492,792     17,036
  Ubiquiti Inc.     62,176     16,893
* Momentive Global Inc.  1,768,695     16,484
* Digi International Inc.    482,670     16,256
* Mirion Technologies Inc. Class A  1,826,294     15,597
  ADTRAN Holdings Inc.    979,000     15,527
* PROS Holdings Inc. 564,006 15,454
* Model N Inc. 459,178 15,369
* Napco Security Technologies Inc. 408,587 15,355
* Cerence Inc. 546,467 15,350
* Digital Turbine Inc. 1,228,190 15,180
* Veeco Instruments Inc. 711,249 15,029
* Clearwater Analytics Holdings Inc. Class A 915,825 14,617
* Avid Technology Inc. 456,321 14,593
* Photronics Inc. 839,024 13,911
* E2open Parent Holdings Inc. 2,342,916 13,636
* Yext Inc. 1,413,887 13,587
  A10 Networks Inc. 867,407 13,436
*,1 Marathon Digital Holdings Inc. 1,513,572 13,198
* CCC Intelligent Solutions Holdings Inc. 1,470,546 13,191
* Ichor Holdings Ltd. 398,877 13,059
*,1 IonQ Inc. 2,100,035 12,915
  Adeia Inc. 1,437,929 12,740
* PAR Technology Corp. 370,554 12,584
* Jamf Holding Corp. 625,592 12,149
* N-able Inc. 914,564 12,072
* Olo Inc. Class A 1,447,590 11,812
* SMART Global Holdings Inc. 680,257 11,728
* Credo Technology Group Holding Ltd. 1,243,874 11,717
* Sprinklr Inc. Class A 850,004 11,016
*,1 Aehr Test Systems 352,095 10,922
* PowerSchool Holdings Inc. Class A 549,183 10,885
* ScanSource Inc. 355,739 10,829
  Benchmark Electronics Inc. 446,008 10,566
* CEVA Inc. 345,875 10,525
* Vertex Inc. Class A 500,147 10,348
* ForgeRock Inc. Class A 496,579 10,230
* Corsair Gaming Inc. 542,877 9,962
* indie Semiconductor Inc. Class A 916,933 9,674
* Intapp Inc. 213,107 9,556
* Amplitude Inc. Class A 727,129 9,045
* Informatica Inc. Class A 542,224 8,892
* OneSpan Inc. 503,366 8,809
* Kimball Electronics Inc. 359,544 8,665
* Clearfield Inc. 183,147 8,531
* Matterport Inc. 3,103,788 8,473
* Consensus Cloud Solutions Inc. 240,656 8,204
* Grid Dynamics Holdings Inc. 714,075 8,183
*,1 Navitas Semiconductor Corp. 1,105,817 8,084
*,1 Lightwave Logic Inc. 1,544,817 8,079

          Shares Market
Value
($000)
* EngageSmart Inc.    410,456      7,901
* Arlo Technologies Inc.  1,283,376      7,777
* NETGEAR Inc.    419,947      7,773
* Alpha & Omega Semiconductor Ltd.    287,081      7,737
* BigCommerce Holdings Inc.    860,386      7,692
* Vishay Precision Group Inc.    183,347      7,657
* Cvent Holding Corp. Class A    875,203      7,317
  PC Connection Inc.    157,115      7,064
* Thoughtworks Holding Inc.    922,678      6,791
* FARO Technologies Inc.    274,859      6,764
* nLight Inc.    654,639      6,664
* ACM Research Inc. Class A    554,880      6,492
* Alkami Technology Inc.    512,426      6,487
* 8x8 Inc.  1,555,271      6,485
*,1 MicroVision Inc. 2,383,493 6,364
  Bel Fuse Inc. Class B 167,407 6,291
* Domo Inc. Class B 441,072 6,259
* Mitek Systems Inc. 641,825 6,155
* Xperi Inc. 556,048 6,078
*,1 Instructure Holdings Inc. 233,890 6,058
* SolarWinds Corp. 679,240 5,841
  Hackett Group Inc. 314,859 5,819
  American Software Inc. Class A 459,532 5,795
  NVE Corp. 63,806 5,295
* SEMrush Holdings Inc. Class A 526,697 5,293
* ON24 Inc. 598,198 5,240
* AvePoint Inc. 1,242,503 5,119
* Expensify Inc. Class A 621,976 5,069
* Couchbase Inc. 342,327 4,813
* MeridianLink Inc. 272,353 4,712
* ShotSpotter Inc. 119,744 4,708
* Aviat Networks Inc. 136,292 4,697
  Comtech Telecommunications Corp. 369,250 4,608
*,1 SoundHound AI Inc. 1,608,701 4,440
*,1 SmartRent Inc. Class A 1,726,661 4,403
* LivePerson Inc. 973,364 4,293
* EverCommerce Inc. 398,154 4,212
  Ebix Inc. 319,250 4,211
*,1 Eastman Kodak Co. 999,756 4,099
* Ribbon Communications Inc. 1,183,466 4,047
*,1 Digimarc Corp. 198,344 3,897
* Asure Software Inc. 267,164 3,874
  Immersion Corp. 432,713 3,868
* Unisys Corp. 995,373 3,862
  Climb Global Solutions Inc. 67,403 3,592
  Richardson Electronics Ltd. 159,509 3,560
* Daktronics Inc. 584,693 3,315
* Luna Innovations Inc. 458,047 3,293
* inTEST Corp. 151,446 3,141
*,1 Evolv Technologies Holdings Inc. 972,865 3,035
*,1 Ouster Inc. 3,574,551 2,991
*,1 Cleanspark Inc. 1,061,615 2,951
* Rimini Street Inc. 712,543 2,936
* CPI Card Group Inc. 64,442 2,901
* Iteris Inc. 595,754 2,794
*,1 Tucows Inc. Class A 143,165 2,785
* Akoustis Technologies Inc. 894,573 2,755
* Cambium Networks Corp. 152,545 2,703

          Shares Market
Value
($000)
*,1 908 Devices Inc.    305,508      2,627
*,1 CoreCard Corp.     85,980      2,591
* Brightcove Inc.    578,152      2,573
*,1 Veritone Inc.    437,524      2,551
* Intevac Inc.    343,956      2,521
* KVH Industries Inc.    220,804      2,513
  Information Services Group Inc.    482,484      2,456
*,1 Blend Labs Inc. Class A  2,398,282      2,389
* eGain Corp.    310,954      2,360
* Turtle Beach Corp.    231,046      2,315
* AXT Inc.    550,413      2,191
*,1 Atomera Inc.    314,425      2,003
*,1 eMagin Corp.    933,932      1,943
* Weave Communications Inc.    380,803      1,893
* Telos Corp. 744,699 1,884
* Identiv Inc. 306,249 1,880
* Powerfleet Inc. 536,428 1,840
* Enfusion Inc. Class A 175,026 1,838
* DZS Inc. 232,320 1,833
*,1 Meta Materials Inc. 4,490,257 1,830
* CalAmp Corp. 502,346 1,803
* Quantum Corp. 1,555,073 1,788
* Upland Software Inc. 407,479 1,752
*,1 Porch Group Inc. 1,168,651 1,671
* Kaltura Inc. 864,304 1,659
* Aeva Technologies Inc. 1,384,445 1,647
*,1 Tingo Group Inc. 1,546,099 1,623
* Amtech Systems Inc. 169,457 1,617
* Genasys Inc. 540,301 1,594
* CS Disco Inc. 237,430 1,577
* Lantronix Inc. 357,577 1,552
* Rackspace Technology Inc. 819,574 1,541
* Edgio Inc. 1,892,566 1,497
* Everspin Technologies Inc. 217,481 1,481
* Transphorm Inc. 366,085 1,461
* Computer Task Group Inc. 186,517 1,352
*,1 Cipher Mining Inc. 571,371 1,331
* SkyWater Technology Inc. 112,897 1,285
1 Park City Group Inc. 193,418 1,224
* Kopin Corp. 1,103,170 1,202
* Diebold Nixdorf Inc. 994,283 1,193
* VirnetX Holding Corp. 905,638 1,186
* SecureWorks Corp. Class A 137,379 1,177
  PCTEL Inc. 277,156 1,172
* AstroNova Inc. 81,588 1,150
* Synchronoss Technologies Inc. 1,184,703 1,114
* Key Tronic Corp. 152,077 1,106
* Arteris Inc. 261,460 1,106
*,1 LiveVox Holdings Inc. 341,531 1,055
*,1 Alpine 4 Holdings Inc. 2,016,081 1,028
  PFSweb Inc. 236,404 1,002
* Pixelworks Inc. 671,576 994
*,1 AgileThought Inc. Class A 314,783 992
* QuickLogic Corp. 157,856 941
* Latch Inc. 1,231,706 939
*,1 Focus Universal Inc. 374,994 937
*,1 CVD Equipment Corp. 68,555 912
*,1 Neonode Inc. 118,968 905

          Shares Market
Value
($000)
*,1 Phunware Inc.  1,225,460        870
* WM Technology Inc.    967,035        821
* Airgain Inc.    152,243        818
* Viant Technology Inc. Class A    187,801        817
  CSP Inc.     58,064        788
*,1 Applied Optoelectronics Inc.    349,064        771
*,1 Smith Micro Software Inc.    658,346        764
* TransAct Technologies Inc.    118,370        733
*,1 Rigetti Computing Inc.  1,002,753        725
* Franklin Wireless Corp.    145,394        724
* Issuer Direct Corp.     34,289        721
* Rekor Systems Inc.    576,958        721
* Sono-Tek Corp.    136,487        699
*,1 Backblaze Inc. Class A    137,575        695
* Casa Systems Inc. 538,466 684
* Data I/O Corp. 131,493 654
*,1 Inseego Corp. 1,118,929 652
* Movano Inc. 512,874 631
  Frequency Electronics Inc. 89,809 619
*,1 Research Frontiers Inc. 361,375 618
* Intellicheck Inc. 242,394 606
*,1 ZeroFox Holdings Inc. 413,025 603
* Wrap Technologies Inc. 338,065 581
*,1 Embark Technology Inc. 199,238 560
* EMCORE Corp. 485,072 558
*,1 NextNav Inc. 274,760 558
* AudioEye Inc. 77,975 554
* LightPath Technologies Inc. Class A 369,843 521
* NetSol Technologies Inc. 188,484 498
*,1 AEye Inc. 1,519,255 478
* Wireless Telecom Group Inc. 249,702 462
*,1 Ondas Holdings Inc. 423,162 457
*,1 CompoSecure Inc. 59,861 441
* Optical Cable Corp. 101,263 436
*,1 Dave Inc. 70,423 427
* One Stop Systems Inc. 168,631 418
* Inuvo Inc. 1,411,029 412
* TESSCO Technologies Inc. 84,101 404
* CPS Technologies Corp. 140,086 398
*,1 Red Cat Holdings Inc. 382,360 398
*,1 Quantum Computing Inc. 302,053 396
* RF Industries Ltd. 89,996 391
* GSI Technology Inc. 219,552 378
* ClearSign Technologies Corp. 449,128 358
* M-Tron Industries Inc. 31,573 339
* Coda Octopus Group Inc. 46,152 335
*,1 D-Wave Quantum Inc. 493,000 327
* DecisionPoint Systems Inc. 48,862 325
* Aware Inc. 182,324 310
*,1 Glimpse Group Inc. 81,910 308
*,1 Airspan Networks Holdings Inc. 394,024 273
* Boxlight Corp. Class A 702,399 269
* LGL Group Inc. 60,905 261
*,1 Sobr Safe Inc. 113,980 253
* Electro-Sensors Inc. 51,199 238
* Cyxtera Technologies Inc. 768,415 235
* Research Solutions Inc. 116,293 234
*,1 Vislink Technologies Inc. 668,746 231

          Shares Market
Value
($000)
*,1 IronNet Inc.    622,931        219
* BSQUARE Corp.    189,580        210
* SeaChange International Inc.    563,891        205
* VerifyMe Inc.    105,037        202
*,1 Cerberus Cyber Sentinel Corp.    568,658        192
* Intrusion Inc.    157,729        186
*,1 WidePoint Corp.    102,130        185
* TSR Inc.     22,667        182
* AmpliTech Group Inc.     66,524        180
* GSE Systems Inc.    255,595        178
* Trio-Tech International     37,853        178
* ClearOne Inc.    115,345        174
* Marin Software Inc.    181,298        165
*,1 OMNIQ Corp.     30,904        150
* SigmaTron International Inc. 54,299 143
* SilverSun Technologies Inc. 44,899 137
*,1 authID Inc. 282,129 127
* Socket Mobile Inc. 67,030 126
*,1 Cepton Inc. 266,193 124
*,1 Stronghold Digital Mining Inc. Class A 199,068 123
*,1 CYNGN Inc. 98,711 122
* BTCS Inc. 87,854 120
*,1 Digital Ally Inc. 25,905 120
*,1 Universal Security Instruments Inc. 47,378 110
* ADDvantage Technologies Group Inc. 96,423 107
* Astrotech Corp. 9,822 105
*,1 Verb Technology Co. Inc. 830,962 100
* Bridgeline Digital Inc. 104,290 95
*,1 Presto Automation Inc. 59,625 93
* Duos Technologies Group Inc. 29,790 83
*,1 Bio-key International Inc. 109,444 77
*,1 Data Storage Corp. 39,104 72
*,1 Terawulf Inc. 76,708 72
*,1 WiSA Technologies Inc. 45,800 72
  Bel Fuse Inc. Class A 1,846 67
* Greenidge Generation Holdings Inc. Class A 148,619 67
*,1 Rubicon Technologies Inc. 102,639 67
*,1 FOXO Technologies Inc. 151,933 64
*,1 ComSovereign Holding Corp. 27,468 59
*,1 MariaDB plc 41,389 57
  Crexendo Inc. 32,741 53
*,1 Auddia Inc. 71,594 51
*,1 DatChat Inc. 86,875 50
*,1 Sigma Additive Solutions Inc. 108,527 48
  BK Technologies Corp. 15,355 44
* SRAX Inc. Class A 74,291 43
*,1 Blackboxstocks Inc. 55,493 43
* Sonim Technologies Inc. 40,817 41
* Sonic Foundry Inc. 38,709 34
*,1 Iveda Solutions Inc. 19,806 26
*,1 Castellum Inc. 22,193 24
*,1 Kaspien Holdings Inc. 32,628 20
*,2 SRAX Inc. 284,252 20
  Taitron Components Inc. Class A 4,095 15
*,1 CXApp Inc. (Registered) 8,901 15
* T Stamp Inc. Class A 5,884 15
*,1 Remark Holdings Inc. 9,461 13
*,1 WaveDancer Inc. 38,923 11

          Shares Market
Value
($000)
*,1,2 Cemtrex Inc.      1,154         10
* Nortech Systems Inc.        573          6
* SpringBig Holdings Inc.      4,301          3
  Network-1 Technologies Inc.        958          2
* Intellinetics Inc.         51         —
            14,597,195
Materials (4.4%)
  Reliance Steel & Aluminum Co.    811,212    208,271
  RPM International Inc.  1,787,094    155,906
  Crown Holdings Inc.  1,661,265    137,403
* Cleveland-Cliffs Inc.  7,155,777    131,165
  Royal Gold Inc.    907,580    117,722
  Graphic Packaging Holding Co.  4,252,447    108,395
  AptarGroup Inc.    898,487    106,192
  Alcoa Corp. 2,452,969 104,398
  Berry Global Group Inc. 1,681,450 99,037
  Olin Corp. 1,706,716 94,723
* Axalta Coating Systems Ltd. 3,054,602 92,524
  Valvoline Inc. 2,382,254 83,236
  Sonoco Products Co. 1,344,523 82,016
  United States Steel Corp. 3,135,809 81,845
  Commercial Metals Co. 1,591,988 77,848
  Eagle Materials Inc. 500,518 73,451
  Ashland Inc. 690,746 70,947
* ATI Inc. 1,769,286 69,816
  Huntsman Corp. 2,497,493 68,331
  Silgan Holdings Inc. 1,153,580 61,913
  Chemours Co. 2,057,371 61,598
  Element Solutions Inc. 3,117,258 60,194
  Cabot Corp. 765,731 58,686
  Balchem Corp. 442,055 55,911
  Westlake Corp. 473,835 54,955
  Louisiana-Pacific Corp. 985,204 53,408
* Livent Corp. 2,450,799 53,231
  HB Fuller Co. 726,377 49,720
  Hecla Mining Co. 7,678,605 48,606
  Avient Corp. 1,162,803 47,861
* O-I Glass Inc. 2,098,947 47,667
* Summit Materials Inc. Class A 1,614,348 45,993
  Sensient Technologies Corp. 573,531 43,910
1 Scotts Miracle-Gro Co. 566,337 39,496
  Quaker Chemical Corp. 186,348 36,888
* Arconic Corp. 1,391,867 36,509
* MP Materials Corp. 1,283,670 36,187
  Innospec Inc. 342,846 35,200
  NewMarket Corp. 93,849 34,253
* Ingevity Corp. 477,097 34,122
  Materion Corp. 281,352 32,637
  Alpha Metallurgical Resources Inc. 198,986 31,042
  Stepan Co. 291,564 30,040
  Carpenter Technology Corp. 657,726 29,440
  Greif Inc. Class A 459,039 29,089
  Minerals Technologies Inc. 445,027 26,889
  Worthington Industries Inc. 414,571 26,802
  Warrior Met Coal Inc. 725,422 26,630
  Tronox Holdings plc 1,549,528 22,282
  Sylvamo Corp. 441,180 20,409
  Orion Engineered Carbons SA 775,056 20,221

          Shares Market
Value
($000)
*,1 Ginkgo Bioworks Holdings Inc. Class A 13,943,614     18,545
* Perimeter Solutions SA  2,076,359     16,777
  Mativ Holdings Inc.    766,635     16,460
  Kaiser Aluminum Corp.    218,638     16,317
  Compass Minerals International Inc.    471,870     16,180
  TriMas Corp.    575,134     16,023
* Coeur Mining Inc.  3,912,183     15,610
  AdvanSix Inc.    370,408     14,175
* Piedmont Lithium Inc.    225,928     13,567
*,1 PureCycle Technologies Inc.  1,835,627     12,849
  Hawkins Inc.    271,423     11,883
  SunCoke Energy Inc.  1,236,263     11,102
  Schnitzer Steel Industries Inc. Class A    352,916     10,976
  Myers Industries Inc.    507,676     10,879
* Ecovyst Inc. 935,496 10,337
  Chase Corp. 98,423 10,308
  Ryerson Holding Corp. 278,467 10,131
* TimkenSteel Corp. 540,996 9,922
  Trinseo plc 471,359 9,828
  Koppers Holdings Inc. 277,684 9,711
  Haynes International Inc. 178,240 8,928
* Diversey Holdings Ltd. 1,095,741 8,865
  American Vanguard Corp. 398,058 8,709
* LSB Industries Inc. 809,802 8,365
* Clearwater Paper Corp. 232,624 7,774
* Origin Materials Inc. 1,715,029 7,323
* Century Aluminum Co. 705,268 7,053
  Olympic Steel Inc. 133,824 6,987
* Aspen Aerogels Inc. 770,078 5,737
* Rayonier Advanced Materials Inc. 887,968 5,568
  Mercer International Inc. 564,479 5,518
*,1 Amyris Inc. 3,515,785 4,781
*,1 McEwen Mining Inc. 543,257 4,601
* Gatos Silver Inc. 654,522 4,274
*,1 Danimer Scientific Inc. Class A 1,229,426 4,242
  Pactiv Evergreen Inc. 527,318 4,219
  United States Lime & Minerals Inc. 24,198 3,695
* Intrepid Potash Inc. 130,841 3,611
  Glatfelter Corp. 1,068,787 3,409
  Tredegar Corp. 372,614 3,402
  Ramaco Resources Inc. 326,774 2,879
* Ranpak Holdings Corp. Class A 544,773 2,844
  FutureFuel Corp. 380,978 2,812
  Kronos Worldwide Inc. 299,077 2,754
* Dakota Gold Corp. 745,692 2,699
*,1 5E Advanced Materials Inc. 427,873 2,319
* Core Molding Technologies Inc. 107,678 1,937
  Greif Inc. Class B 21,722 1,662
  Gold Resource Corp. 1,281,600 1,346
*,2 AgroFresh Solutions Inc. 403,267 1,210
*,1 Loop Industries Inc. 332,490 1,144
*,1 Smith-Midland Corp. 58,550 1,098
* Universal Stainless & Alloy Products Inc. 114,272 1,068
  Northern Technologies International Corp. 89,867 1,063
  Friedman Industries Inc. 88,921 1,008
* Ascent Industries Co. 108,941 996
* Contango ORE Inc. 29,429 839
*,1 Hycroft Mining Holding Corp. Class A 1,904,791 824

          Shares Market
Value
($000)
* Idaho Strategic Resources Inc.    169,246        824
*,1 Flotek Industries Inc.    942,212        650
* Advanced Emissions Solutions Inc.    280,591        556
* Solitario Zinc Corp.    785,656        520
* United States Antimony Corp.  1,198,945        452
* Ampco-Pittsburgh Corp.    158,887        389
*,1 US Gold Corp.     57,681        322
* Golden Minerals Co.  1,364,249        277
* Paramount Gold Nevada Corp.    190,456         66
* Cryptyde Inc.    252,524         21
*,2 Ikonics Corp. CVR     12,227         —
            3,668,235
Real Estate (6.2%)
  Sun Communities Inc.  1,709,716    240,865
  WP Carey Inc. 2,911,843 225,522
  Gaming & Leisure Properties Inc. 3,598,810 187,354
  Equity LifeStyle Properties Inc. 2,428,943 163,055
  Rexford Industrial Realty Inc. 2,626,436 156,667
  Life Storage Inc. 1,181,665 154,904
  CubeSmart 3,120,152 144,213
  American Homes 4 Rent Class A 4,252,695 133,747
  Lamar Advertising Co. Class A 1,212,969 121,163
  National Retail Properties Inc. 2,502,377 110,480
  Americold Realty Trust Inc. 3,737,814 106,341
* Zillow Group Inc. Class C 2,378,275 105,762
  Healthcare Realty Trust Inc. Class A 5,259,132 101,659
  EastGroup Properties Inc. 605,243 100,059
  First Industrial Realty Trust Inc. 1,832,634 97,496
* Jones Lang LaSalle Inc. 657,660 95,683
  Brixmor Property Group Inc. 4,152,484 89,361
  Omega Healthcare Investors Inc. 3,243,800 88,913
  STAG Industrial Inc. 2,466,320 83,411
  Agree Realty Corp. 1,206,300 82,764
  Spirit Realty Capital Inc. 1,933,382 77,026
  Apartment Income REIT Corp. Class A 2,067,771 74,047
1 Medical Properties Trust Inc. 8,313,582 68,338
  Ryman Hospitality Properties Inc. 757,300 67,953
  Rayonier Inc. 2,042,839 67,945
  Terreno Realty Corp. 997,915 64,465
  Kite Realty Group Trust 2,993,984 62,634
  PotlatchDeltic Corp. 1,093,449 54,126
  Phillips Edison & Co. Inc. 1,630,128 53,175
  Independence Realty Trust Inc. 3,077,870 49,338
  Essential Properties Realty Trust Inc. 1,946,275 48,365
  National Storage Affiliates Trust 1,157,552 48,363
  Kilroy Realty Corp. 1,455,706 47,165
  Physicians Realty Trust 3,092,343 46,169
  Cousins Properties Inc. 2,101,892 44,938
  Apple Hospitality REIT Inc. 2,885,376 44,781
  Broadstone Net Lease Inc. 2,388,989 40,637
  LXP Industrial Trust 3,821,243 39,397
  EPR Properties 1,032,892 39,353
  Park Hotels & Resorts Inc. 3,114,866 38,500
* Howard Hughes Corp. 478,376 38,270
  Corporate Office Properties Trust 1,541,232 36,543
  Sabra Health Care REIT Inc. 3,137,630 36,083
  Vornado Realty Trust 2,213,239 34,017
  Highwoods Properties Inc. 1,441,573 33,430

          Shares Market
Value
($000)
  Equity Commonwealth  1,562,754     32,365
  Outfront Media Inc.  1,988,175     32,268
  Macerich Co.  2,920,490     30,957
  SITE Centers Corp.  2,514,782     30,882
  National Health Investors Inc.    598,378     30,864
  Four Corners Property Trust Inc.  1,142,850     30,697
* Zillow Group Inc. Class A    696,211     30,424
  Douglas Emmett Inc.  2,445,100     30,148
  Innovative Industrial Properties Inc.    381,266     28,972
  Sunstone Hotel Investors Inc.  2,852,074     28,179
  Tanger Factory Outlet Centers Inc.  1,411,033     27,699
  CareTrust REIT Inc.  1,401,442     27,440
  Kennedy-Wilson Holdings Inc.  1,642,795     27,254
1 Pebblebrook Hotel Trust  1,787,209     25,092
  Retail Opportunity Investments Corp. 1,718,060 23,984
  Urban Edge Properties 1,574,122 23,706
  RLJ Lodging Trust 2,216,690 23,497
  DigitalBridge Group Inc. 1,957,095 23,466
* Cushman & Wakefield plc 2,213,535 23,331
  DiamondRock Hospitality Co. 2,848,610 23,159
  Service Properties Trust 2,282,850 22,737
  Xenia Hotels & Resorts Inc. 1,672,660 21,895
  Elme Communities 1,217,012 21,736
1 InvenTrust Properties Corp. 918,854 21,501
  JBG SMITH Properties 1,392,439 20,970
  Getty Realty Corp. 581,523 20,952
1 SL Green Realty Corp. 886,640 20,854
  St. Joe Co. 475,681 19,793
  LTC Properties Inc. 556,365 19,545
  Alexander & Baldwin Inc. 976,052 18,457
  Global Net Lease Inc. 1,432,219 18,418
  Acadia Realty Trust 1,276,263 17,804
  Easterly Government Properties Inc. Class A 1,246,893 17,132
* Veris Residential Inc. 1,115,194 16,326
1 Safehold Inc. 555,007 16,301
  Apartment Investment & Management Co. Class A 2,029,914 15,610
* Redfin Corp. 1,539,070 13,944
  NETSTREIT Corp. 761,808 13,926
  NexPoint Residential Trust Inc. 308,257 13,462
  American Assets Trust Inc. 707,751 13,157
* Opendoor Technologies Inc. 7,138,377 12,564
1 eXp World Holdings Inc. 982,711 12,471
  Piedmont Office Realty Trust Inc. Class A 1,686,156 12,309
  Empire State Realty Trust Inc. Class A 1,828,661 11,868
  Community Healthcare Trust Inc. 323,599 11,844
  Hudson Pacific Properties Inc. 1,757,540 11,688
1 Uniti Group Inc. 3,269,264 11,606
  Armada Hoffler Properties Inc. 980,129 11,575
  Newmark Group Inc. Class A 1,634,369 11,571
  Plymouth Industrial REIT Inc. 542,584 11,400
* Compass Inc. Class A 3,502,440 11,313
  Marcus & Millichap Inc. 350,749 11,263
  Centerspace 204,604 11,178
  Brandywine Realty Trust 2,348,918 11,110
  Necessity Retail REIT Inc. Class A 1,754,957 11,021
  UMH Properties Inc. 733,521 10,849
  Paramount Group Inc. 2,357,247 10,749
  Summit Hotel Properties Inc. 1,507,460 10,552

          Shares Market
Value
($000)
  RPT Realty  1,109,437     10,551
1 CBL & Associates Properties Inc.    354,654      9,093
  Universal Health Realty Income Trust    172,306      8,290
  Global Medical REIT Inc.    893,953      8,144
* Anywhere Real Estate Inc.  1,541,316      8,138
  Office Properties Income Trust    654,859      8,055
  Urstadt Biddle Properties Inc. Class A    435,186      7,646
  Gladstone Land Corp.    457,377      7,615
  Farmland Partners Inc.    696,913      7,457
  Chatham Lodging Trust    696,741      7,309
  Gladstone Commercial Corp.    549,645      6,942
  Saul Centers Inc.    177,169      6,910
* Tejon Ranch Co.    346,684      6,334
  Alexander's Inc.     30,701      5,948
  Whitestone REIT 628,447 5,782
* FRP Holdings Inc. 92,475 5,352
  Orion Office REIT Inc. 798,767 5,352
  One Liberty Properties Inc. 230,282 5,280
1 CTO Realty Growth Inc. 304,719 5,259
1 Indus Realty Trust Inc. 76,485 5,070
  RMR Group Inc. Class A 191,510 5,025
  NexPoint Diversified Real Estate Trust 444,740 4,616
  Diversified Healthcare Trust 3,344,385 4,515
  RE/MAX Holdings Inc. Class A 238,138 4,467
  BRT Apartments Corp. 224,311 4,423
*,1 Seritage Growth Properties Class A 531,077 4,180
* Forestar Group Inc. 262,618 4,086
  Postal Realty Trust Inc. Class A 257,060 3,912
  City Office REIT Inc. 517,253 3,569
* Star Holdings 186,502 3,243
1 Braemar Hotels & Resorts Inc. 827,564 3,194
  Alpine Income Property Trust Inc. 185,361 3,120
  Hersha Hospitality Trust Class A 446,298 2,999
  Douglas Elliman Inc. 950,239 2,955
  Industrial Logistics Properties Trust 958,508 2,943
* WeWork Inc. 3,354,477 2,607
  Franklin Street Properties Corp. 1,308,881 2,055
  Stratus Properties Inc. 96,191 1,924
* Ashford Hospitality Trust Inc. 561,557 1,803
  Clipper Realty Inc. 217,265 1,247
* Maui Land & Pineapple Co. Inc. 87,520 1,047
* Doma Holdings Inc. 2,348,264 957
* Bluerock Homes Trust Inc. 46,123 914
  Modiv Inc. Class C 77,053 819
* AMREP Corp. 56,666 793
  Creative Media & Community Trust Corp. 186,677 760
* Transcontinental Realty Investors Inc. 17,772 753
*,1 Altisource Portfolio Solutions SA 144,638 665
*,1 Altisource Asset Management Corp. 7,999 520
*,1 Offerpad Solutions Inc. 979,502 516
* Sotherly Hotels Inc. 240,256 479
  Global Self Storage Inc. 84,962 437
*,1 Fathom Holdings Inc. 79,137 336
  CorEnergy Infrastructure Trust Inc. 234,448 300
* InterGroup Corp. 6,198 279
* Comstock Holding Cos. Inc. Class A 52,330 265
* Rafael Holdings Inc. Class B 147,734 229
*,1 American Realty Investors Inc. 6,597 174

          Shares Market
Value
($000)
1 American Strategic Investment Co.     20,139        172
* Wheeler REIT Inc.    128,151        163
* Trinity Place Holdings Inc.    313,994        151
* Power REIT     35,047        131
  InnSuites Hospitality Trust     51,409         70
*,1 Avalon GloboCare Corp.     34,505         68
  Generation Income Properties Inc.     13,243         60
* LuxUrban Hotels Inc.     17,995         50
*,1 Alset Inc.     21,638         34
1 Medalist Diversified REIT Inc.      4,275          4
  Presidio Property Trust Inc. Class A      1,025          1
* Appreciate Holdings Inc.      1,772          1
*,2 Spirit MTA REIT    653,668         —
* JW Mays Inc.          5         —
            5,188,870
Utilities (2.1%)
  Essential Utilities Inc. 3,295,040 143,829
  Vistra Corp. 5,180,302 124,327
  OGE Energy Corp. 2,757,866 103,861
  UGI Corp. 2,880,730 100,134
  IDACORP Inc. 694,789 75,266
  National Fuel Gas Co. 1,258,043 72,639
  New Jersey Resources Corp. 1,345,059 71,557
  Ormat Technologies Inc. 722,131 61,215
  Portland General Electric Co. 1,228,218 60,048
  PNM Resources Inc. 1,191,433 57,999
  Hawaiian Electric Industries Inc. 1,504,601 57,777
  ONE Gas Inc. 728,707 57,735
  Black Hills Corp. 893,485 56,379
  Southwest Gas Holdings Inc. 894,078 55,835
  Spire Inc. 714,057 50,084
  ALLETE Inc. 773,849 49,813
  NorthWestern Corp. 782,782 45,292
  American States Water Co. 503,767 44,780
  California Water Service Group 748,501 43,563
  Avista Corp. 1,004,592 42,645
  Clearway Energy Inc. Class C 1,305,756 40,909
1 Otter Tail Corp. 562,551 40,656
  Avangrid Inc. 990,011 39,482
  MGE Energy Inc. 499,822 38,821
  Chesapeake Utilities Corp. 239,082 30,600
  SJW Group 366,462 27,899
  Northwest Natural Holding Co. 478,894 22,776
*,1 Sunnova Energy International Inc. 1,349,497 21,079
  Middlesex Water Co. 245,408 19,171
  Unitil Corp. 227,047 12,951
  Clearway Energy Inc. Class A 322,400 9,682
  York Water Co. 205,330 9,178
* Montauk Renewables Inc. 876,471 6,898
  Artesian Resources Corp. Class A 98,904 5,475
  Genie Energy Ltd. Class B 292,932 4,048
  Consolidated Water Co. Ltd. 212,315 3,488
*,1 Cadiz Inc. 723,728 2,924
* Altus Power Inc. Class A 477,301 2,616
* Pure Cycle Corp. 276,538 2,613
  RGC Resources Inc. 102,016 2,366
  Global Water Resources Inc. 126,593 1,574

          Shares Market
Value
($000)
1 Via Renewables Inc. Class A     37,180        683
            1,720,667
Total Common Stocks (Cost $76,998,520) 82,877,169
Preferred Stocks (0.0%)
  FAT Brands Inc. Pfd., 8.250%, 5/10/23      7,939        130
  Air T Funding Pfd., 8.000%, 6/7/24        704         16
Total Preferred Stocks (Cost $140) 146
      Coupon      
Temporary Cash Investments (3.2%)
Money Market Fund (3.2%)
4,5 Vanguard Market Liquidity Fund
(Cost $2,719,325)
4.839%   27,201,810           2,719,909
Total Investments (102.2%) (Cost $79,717,985)   85,597,224
Other Assets and Liabilities—Net (-2.2%)   (1,879,328)
Net Assets (100%)   83,717,896
Cost is in $000.
* Non-income-producing security.
1 Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $1,828,004,000.
2 Security value determined using significant unobservable inputs.
3 Restricted securities totaling $7,160,000, representing 0.0% of net assets.
4 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
5 Collateral of $1,991,315,000 was received for securities on loan.
    
  CVR—Contingent Value Rights.
  REIT—Real Estate Investment Trust.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts
Notional
Amount
Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts
E-mini Russell 2000 Index June 2023 6,272 568,713 8,467
E-mini S&P 500 Index June 2023 368 76,135 4,464
E-mini S&P Mid-Cap 400 Index June 2023 91 23,020 544
        13,475
    

Over-the-Counter Total Return Swaps
Reference Entity Termination
Date
Counterparty Notional
Amount
($000)
Floating
Interest
Rate
Received
(Paid)1
(%)
Value and
Unrealized
Appreciation
($000)
Value and
Unrealized
(Depreciation)
($000)
Airbnb Inc. Class A 8/31/23 BANA 28,354 (4.661) 148
BILL Holdings Inc. 8/31/23 BANA 7,194 (4.661) (324)
Chewy Inc. Class A 1/31/24 GSI 11,830 (4.778) (265)
Datadog Inc. Class A 8/31/23 BANA 9,948 (4.661) (541)
DocuSign Inc. Class A 8/31/23 BANA 11,166 (4.661) (598)
Lucid Group Inc. 1/31/24 GSI 13,616 (4.778) 1,151
Seagen Inc. 8/31/23 BANA 13,477 (4.661) 1,656
Sirius XM Holdings Inc. 1/31/24 GSI 14,560 (4.778) 1,292
Snowflake Inc. Class A 8/31/23 BANA 24,392 (4.661) (109)
Wayfair Inc. Class A 8/31/23 BANA 5,264 (4.661) (820)
          4,247 (2,657)
1 Based on USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly.
  BANA—Bank of America, N.A.
  GSI—Goldman Sachs International.
At March 31, 2023, the counterparties had deposited in segregated accounts securities with a value of $1,343,000 in connection with open over-the-counter swap contracts.

A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees.
Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Bonds and temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.
B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks in the fund’s target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.
A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by

any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.
D.  Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund's investments and derivatives as of March 31, 2023, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks 82,864,607 7,175 5,387 82,877,169
Preferred Stocks 146 146
Temporary Cash Investments 2,719,909 2,719,909
Total 85,584,662 7,175 5,387 85,597,224
Derivative Financial Instruments        
Assets        
Futures Contracts1 13,475 13,475
Swap Contracts 4,247 4,247
Total 13,475 4,247 17,722
Liabilities        
Swap Contracts 2,657 2,657
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.