The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Abbott Laboratories (ABT) COM 002824100   1,296,406 11,406 SH   DFND   11,406 0 0
Advanced Drainage Systems (WMS COM 00790r104   1,260,108 7,316 SH   DFND   7,316 0 0
Akamai Technologies, Inc. (AK COM 00971t101   1,182,656 10,874 SH   DFND   10,874 0 0
Alight, Inc. (ALIT) COM 01626w101   6,224,363 631,915 SH   DFND   631,915 0 0
Alphabet, Inc. - Cl C (GOOG) COM 02079K107   8,439,772 55,430 SH   DFND   55,430 0 0
Amazon.com, Inc. (AMZN) COM 023135106   4,113,927 22,807 SH   DFND   22,807 0 0
Amdocs Ltd (DOX) COM G02602103   3,274,647 36,236 SH   DFND   36,236 0 0
American Homes 4 Rent (AMH) COM 02665t306   3,821,074 103,890 SH   DFND   103,890 0 0
Blackbaud, Inc. (BLKB) COM 09227q100   2,100,979 28,338 SH   DFND   28,338 0 0
Broadcom Inc. (AVGO) COM 11135f101   280,987 212 SH   DFND   212 0 0
Cannae Holdings Inc. (CNNE) COM 13765n107   680,522 30,599 SH   DFND   30,599 0 0
Chubb Limited (CB) COM H1467J104   4,276,163 16,502 SH   DFND   16,502 0 0
Coca Cola Co. (KO) COM 191216100   220,676 3,607 SH   DFND   3,607 0 0
Darling Ingredients Inc. (DAR) COM 237266101   1,359,069 29,221 SH   DFND   29,221 0 0
DuPont de Nemours, Inc. (DD) COM 26614n102   6,828,774 89,067 SH   DFND   89,067 0 0
Dun & Bradstreet Holdings Inc. COM 26484t106   3,828,553 381,330 SH   DFND   381,330 0 0
EMCOR Group, Inc. (EME) COM 29084q100   15,964,567 45,587 SH   DFND   45,587 0 0
EOG Resources (EOG) COM 26875p101   5,403,669 42,269 SH   DFND   42,269 0 0
Emerson Electric (EMR) COM 291011104   3,134,815 27,639 SH   DFND   27,639 0 0
First Tr NASDAQ Cybersecurity COM 33734x846   259,281 4,598 SH   DFND   4,598 0 0
Flex Ltd. (FLEX) COM y2573f102   2,175,533 76,041 SH   DFND   76,041 0 0
Healthpeak Properties, Inc. (D COM 42250p103   204,589 10,911 SH   DFND   10,911 0 0
Hologic, Inc. (HOLX) COM 436440101   269,742 3,460 SH   DFND   3,460 0 0
Invesco Solar ETF (TAN) COM 46138g706   2,631,460 58,000 SH   DFND   58,000 0 0
JPMorgan Chase & Co. (JPM) COM 46625h100   267,601 1,336 SH   DFND   1,336 0 0
Johnson & Johnson (JNJ) COM 478160104   1,152,256 7,284 SH   DFND   7,284 0 0
Johnson Controls Int'l plc (JC COM g51502105   8,245,474 126,232 SH   DFND   126,232 0 0
KBR, Inc. (KBR) COM 48242w106   18,485,973 290,386 SH   DFND   290,386 0 0
Kenvue Inc (KVUE) COM 49177j102   3,671,867 171,103 SH   DFND   171,103 0 0
Leslie's Inc. (LESL) COM 527064109   400,979 61,689 SH   DFND   61,689 0 0
Levi Strauss & Co. Class A (LE COM 52736r102   5,373,172 268,793 SH   DFND   268,793 0 0
MYR Group, Inc. (MYRG) COM 55405w104   15,045,314 85,122 SH   DFND   85,122 0 0
Medtronic plc (MDT) COM G5960L103   4,811,029 55,204 SH   DFND   55,204 0 0
Minerals Technologies Inc. (M COM 603158106   2,087,364 27,728 SH   DFND   27,728 0 0
Nextera Energy Inc. (NEE) COM 65339f101   3,721,607 58,232 SH   DFND   58,232 0 0
Nextracker Inc. Class A (NXT) COM 65290e101   2,150,979 38,226 SH   DFND   38,226 0 0
OceanFirst Financial (OCFC) COM 675234108   492,497 30,012 SH   DFND   30,012 0 0
Phillips 66 (PSX) COM 718546104   562,053 3,441 SH   DFND   3,441 0 0
Primis Financial Corp. (FRST) COM 74167b109   4,044,286 332,316 SH   DFND   332,316 0 0
Primo Water Corp. (PRMW) COM 74167p108   6,771,243 371,842 SH   DFND   371,842 0 0
Pure Storage, Inc. COM 74624m102   322,078 6,195 SH   DFND   6,195 0 0
Republic Services, Inc. (RSG) COM 760759100   23,211,717 121,248 SH   DFND   121,248 0 0
Rush Enterprises Class A (RUSH COM 781846209   1,524,089 28,477 SH   DFND   28,477 0 0
Rush Enterprises Class B (RUSH COM 781846308   923,409 17,328 SH   DFND   17,328 0 0
Sherwin-Williams Co. (SHW) COM 824348106   1,557,428 4,484 SH   DFND   4,484 0 0
Shoals Technology Grp, Inc. Cl COM 82489w107   581,438 52,007 SH   DFND   52,007 0 0
Shore Bancshares (SHBI) COM 825107105   1,961,314 170,549 SH   DFND   170,549 0 0
T-Mobile USA, Inc. (TMUS) COM 872590104   7,435,814 45,557 SH   DFND   45,557 0 0
US Foods Holding Corp. COM 912008109   1,321,509 24,486 SH   DFND   24,486 0 0
United Parcel Service, Inc. (U COM 911312106   2,046,784 13,771 SH   DFND   13,771 0 0
Vanguard Consumer Discretionar COM 92204a108   402,564 1,267 SH   DFND   1,267 0 0
Vanguard Health Care ETF (VHT COM 92204a504   465,835 1,722 SH   DFND   1,722 0 0
Vanguard Information Technolog COM 92204a702   1,034,523 1,973 SH   DFND   1,973 0 0
Visa Inc. - Class A (V) COM 92826c839   4,130,384 14,800 SH   DFND   14,800 0 0
W. R. Berkley Corp. (WRB) COM 084423102   7,687,083 86,919 SH   DFND   86,919 0 0
WSFS Financial (WSFS) COM 929328102   1,582,608 35,060 SH   DFND   35,060 0 0
Wyndham Hotels & Resorts (WH) COM 98311a105   4,458,868 58,096 SH   DFND   58,096 0 0
Ziff Davis, Inc. (ZD) COM 48123v102   6,371,957 101,078 SH   DFND   101,078 0 0
iShares U.S. B-D & Sec Ex ETF COM 464288794   248,841 2,145 SH   DFND   2,145 0 0
nVent Electric plc (NVT) COM G6700G107   1,774,614 23,536 SH   DFND   23,536 0 0
Haemonetics Corp. CONV 405024AB6   468,231 510,000 PRN   DFND   510,000 0 0