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
Estimated average burden
hours per response: 23.8
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
ACCURAY INC COM 004397105   7,210,424 2,919,200 SH   DFND   2,602,050 0 317,150
ALASKA AIR GROUP INC COM 011659109   8,896,781 206,950 SH   DFND   194,450 0 12,500
ALPHABET INC CAP STK CL A 02079K305   5,010,121 33,195 SH   DFND   33,195 0 0
ALPINE INCOME PPTY TR INC COM 02083X103   9,349,832 611,900 SH   DFND   573,900 0 38,000
AMERICAN VANGUARD CORP COM 030371108   6,149,514 474,866 SH   DFND   474,866 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108   16,992,067 371,249 SH   DFND   371,249 0 0
ASSOCIATED BANC CORP COM 045487105   8,604,000 400,000 SH   DFND   400,000 0 0
ASTEC INDS INC COM 046224101   6,949,890 159,000 SH   DFND   159,000 0 0
ATN INTL INC COM 00215F107   6,159,322 195,503 SH   DFND   195,503 0 0
AUDIOCODES LTD ORD M15342104   10,932,736 838,400 SH   DFND   790,400 0 48,000
AVANOS MED INC COM 05350V106   3,172,679 159,351 SH   DFND   159,351 0 0
BALL CORP COM 058498106   14,555,284 216,082 SH   DFND   216,082 0 0
BARRETT BUSINESS SVCS INC COM 068463108   16,473,600 130,000 SH   DFND   130,000 0 0
BECTON DICKINSON & CO COM 075887109   4,356,357 17,605 SH   DFND   17,605 0 0
BENCHMARK ELECTRS INC COM 08160H101   10,230,409 340,900 SH   DFND   326,600 0 14,300
BERKLEY W R CORP COM 084423102   8,039,992 90,909 SH   DFND   90,909 0 0
BERKSHIRE HATHAWY INC DEL CL B NEW 084670702   4,674,921 11,117 SH   DFND   11,117 0 0
BERRY CORP COM 08579X101   8,363,548 1,038,950 SH   DFND   991,450 0 47,500
BLOOMIN BRANDS INC COM 094235108   7,155,000 249,477 SH   DFND   249,477 0 0
BOSTON BEER INC CL A 100557107   1,083,431 3,559 SH   DFND   3,559 0 0
BRADY CORP CL A 104674106   6,324,465 106,688 SH   DFND   106,688 0 0
BWX TECHNOLOGIES INC COM 05605H100   2,067,896 20,151 SH   DFND   20,151 0 0
CABLE ONE INC COM 12685J105   651,620 1,540 SH   DFND   1,540 0 0
CAL MAINE FOODS INC COM NEW 128030202   15,480,434 263,049 SH   DFND   263,049 0 0
CAMDEN PPTY TR SH BEN INT 133131102   11,747,681 119,387 SH   DFND   119,387 0 0
CANADIAN NATL RY CO COM 136375102   2,110,916 16,027 SH   DFND   16,027 0 0
CANTALOUPE INC COM 138103106   4,501,000 700,000 SH   DFND   700,000 0 0
CAPITAL CITY BK GROUP INC COM 139674105   16,858,497 608,610 SH   DFND   587,610 0 21,000
CARMAX INC COM 143130102   15,229,093 174,826 SH   DFND   174,826 0 0
CARRIAGE SVCS INC COM 143905107   9,261,200 342,500 SH   DFND   318,900 0 23,600
CARTERS INC COM 146229109   17,223,150 203,391 SH   DFND   203,391 0 0
CASS INFORMATION SYS INC COM 14808P109   18,008,017 373,843 SH   DFND   368,493 0 5,350
CECO ENVIRONMENTAL CORP COM 125141101   6,903,698 299,900 SH   DFND   299,900 0 0
CENTENE CORP DEL COM 15135B101   27,879,392 355,242 SH   DFND   355,242 0 0
CENTERRA GOLD INC COM 152006102   13,337,688 2,256,800 SH   DFND   2,098,600 0 158,200
CENTRUS ENERGY CORP CL A 15643U104   2,076,500 50,000 SH   DFND   50,000 0 0
CENTURY CMNTYS INC COM 156504300   15,873,189 164,489 SH   DFND   164,489 0 0
CHAMPIONX CORPORATION COM 15872M104   14,290,644 398,179 SH   DFND   398,179 0 0
CHARLES RIV LABS INTL INC COM 159864107   7,192,910 26,547 SH   DFND   26,547 0 0
CHART INDS INC COM 16115Q308   18,145,555 110,160 SH   DFND   102,815 0 7,345
CISCO SYS INC COM 17275R102   1,872,224 37,512 SH   DFND   37,512 0 0
COMMUNITY TR BANCORP INC COM 204149108   6,896,505 161,700 SH   DFND   154,550 0 7,150
CONSTELLATION ENERGY CORP COM 21037T109   8,237,286 44,562 SH   DFND   44,562 0 0
COTERRA ENERGY INC COM 127097103   17,731,680 636,000 SH   DFND   636,000 0 0
CTS CORP COM 126501105   9,940,770 212,455 SH   DFND   212,455 0 0
CUSTOM TRUCK ONE SOURCE INC COM CL A 23204X103   2,456,314 422,047 SH   DFND   422,047 0 0
DELEK US HLDGS INC NEW COM 24665A103   1,537,000 50,000 SH   DFND   50,000 0 0
DENTSPLY SIRONA INC COM 24906P109   12,828,765 386,525 SH   DFND   386,525 0 0
DOLLAR GEN CORP NEW COM 256677105   10,462,262 67,040 SH   DFND   67,040 0 0
DONALDSON INC COM 257651109   17,015,614 227,847 SH   DFND   227,847 0 0
DOUGLAS ELLIMAN INC COM 25961D105   828,039 524,075 SH   DFND   524,075 0 0
DRIL-QUIP INC COM 262037104   4,545,428 201,750 SH   DFND   173,050 0 28,700
DULUTH HLDGS INC COM CL B 26443V101   1,470,000 300,000 SH   DFND   300,000 0 0
ENCOMPASS HEALTH CORP COM 29261A100   19,929,940 241,341 SH   DFND   241,341 0 0
ENERPAC TOOL GROUP CORP CL A COM 292765104   6,619,958 185,641 SH   DFND   185,641 0 0
ENVELA CORP COM 29402E102   1,422,526 307,906 SH   DFND   307,906 0 0
EOG RES INC COM 26875P101   12,523,718 97,964 SH   DFND   97,964 0 0
EQUITY COMWLTH COM SH BEN INT 294628102   6,112,853 323,774 SH   DFND   323,774 0 0
ESSEX PPTY TR INC COM 297178105   19,191,146 78,392 SH   DFND   78,392 0 0
ETHAN ALLEN INTERIORS INC COM 297602104   5,489,820 158,803 SH   DFND   158,803 0 0
EVERTEC INC COM 30040P103   4,811,940 120,600 SH   DFND   110,400 0 10,200
EXELON CORP COM 30161N101   18,347,310 488,350 SH   DFND   488,350 0 0
EZCORP INC CL A NON VTG 302301106   12,640,315 1,115,650 SH   DFND   1,041,650 0 74,000
FB FINL CORP COM 30257X104   11,999,305 318,622 SH   DFND   318,622 0 0
FIRST AMERN FINL CORP COM 31847R102   22,651,626 371,034 SH   DFND   371,034 0 0
FIRST INTERNET BANCORP COM 320557101   6,948,000 200,000 SH   DFND   200,000 0 0
FIRST INTST BANCSYSTEM INC COM 32055Y201   2,721,000 100,000 SH   DFND   100,000 0 0
FIRSTENERGY CORP COM 337932107   20,125,732 521,122 SH   DFND   521,122 0 0
FLOWSERVE CORP COM 34354P105   5,938,400 130,000 SH   DFND   130,000 0 0
FMC CORP COM NEW 302491303   4,459,000 70,000 SH   DFND   70,000 0 0
FORESTAR GROUP INC COM 346232101   12,057,000 300,000 SH   DFND   300,000 0 0
GATES INDL CORP PLC ORD SHS G39108108   2,656,500 150,000 SH   DFND   150,000 0 0
GLACIER BANCORP INC NEW COM 37637Q105   22,484,981 558,217 SH   DFND   558,217 0 0
GRAND CANYON ED INC COM 38526M106   9,409,659 69,082 SH   DFND   69,082 0 0
GRANITE CONSTR INC COM 387328107   9,102,123 159,323 SH   DFND   159,323 0 0
HAEMONETICS CORP MASS COM 405024100   18,697,198 219,065 SH   DFND   219,065 0 0
HANOVER INS GROUP INC COM 410867105   14,463,705 106,218 SH   DFND   106,218 0 0
HARVARD BIOSCIENCE INC COM 416906105   3,769,924 889,133 SH   DFND   889,133 0 0
HEALTHCARE SVCS GROUP INC COM 421906108   16,379,314 1,312,445 SH   DFND   1,249,345 0 63,100
HEALTHSTREAM INC COM 42222N103   13,794,684 517,430 SH   DFND   517,430 0 0
HERITAGE FINL CORP WASH COM 42722X106   7,756,000 400,000 SH   DFND   400,000 0 0
HERSHEY CO COM 427866108   20,023,970 102,951 SH   DFND   102,951 0 0
HUDSON GLOBAL INC COM NEW 443787205   5,320,875 301,466 SH   DFND   287,626 0 13,840
HUNT J B TRANS SVCS INC COM 445658107   25,754,059 129,255 SH   DFND   129,255 0 0
I3 VERTICALS INC COM CL A 46571Y107   13,729,422 599,800 SH   DFND   565,300 0 34,500
INFUSYSTEM HLDGS INC COM 45685K102   3,897,019 454,728 SH   DFND   454,728 0 0
INGREDION INC COM 457187102   16,178,467 138,455 SH   DFND   138,455 0 0
INTEGER HLDGS CORP COM 45826H109   7,000,800 60,000 SH   DFND   60,000 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   3,441,785 30,810 SH   DFND   30,810 0 0
INTL GNRL INSURANCE HLDNGS L SHS G4809J106   9,737,968 719,200 SH   DFND   650,700 0 68,500
JOHNSON & JOHNSON COM 478160104   4,692,706 29,665 SH   DFND   29,665 0 0
KENNAMETAL INC COM 489170100   11,447,784 459,013 SH   DFND   459,013 0 0
KIMBERLY-CLARK CORP COM 494368103   13,037,575 100,793 SH   DFND   100,793 0 0
KIRBY CORP COM 497266106   7,669,352 80,459 SH   DFND   80,459 0 0
KNIFE RIVER CORP COMMON STOCK 498894104   7,094,500 87,500 SH   DFND   87,500 0 0
KNIGHT-SWIFT TRANSN HLDGS IN CL A 499049104   10,857,702 197,341 SH   DFND   197,341 0 0
KNOWLES CORP COM 49926D109   4,275,500 265,559 SH   DFND   265,559 0 0
KULICKE & SOFFA INDS INC COM 501242101   4,809,938 95,606 SH   DFND   95,606 0 0
LAKELAND FINL CORP COM 511656100   1,578,482 23,801 SH   DFND   23,801 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   7,580,028 63,479 SH   DFND   63,479 0 0
LEIDOS HLDGS INC COM 525327102   18,208,139 138,898 SH   DFND   138,898 0 0
LINCOLN EDL SVCS CORP COM 533535100   18,024,817 1,744,900 SH   DFND   1,692,400 0 52,500
LINDSAY CORP COM 535555106   6,236,333 53,003 SH   DFND   53,003 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109   7,785,000 300,000 SH   DFND   300,000 0 0
MAMAS CREATIONS INC COM 56146T103   4,750,000 950,000 SH   DFND   950,000 0 0
MARTEN TRANS LTD COM 573075108   2,772,000 150,000 SH   DFND   150,000 0 0
MGIC INVT CORP WIS COM 552848103   14,742,261 659,314 SH   DFND   659,314 0 0
MICRON TECHNOLOGY INC COM 595112103   12,850,953 109,008 SH   DFND   109,008 0 0
MIDDLEBY CORP COM 596278101   7,345,530 45,684 SH   DFND   45,684 0 0
MOHAWK INDS INC COM 608190104   52,557,309 401,538 SH   DFND   395,238 0 6,300
MONRO INC COM 610236101   5,837,297 185,076 SH   DFND   185,076 0 0
MURPHY OIL CORP COM 626717102   19,380,547 424,082 SH   DFND   424,082 0 0
NATIONAL FUEL GAS CO COM 636180101   7,358,136 136,972 SH   DFND   130,422 0 6,550
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106   18,640,160 476,000 SH   DFND   450,050 0 25,950
NEW GOLD INC CDA COM 644535106   6,375,000 3,750,000 SH   DFND   3,750,000 0 0
NORTHERN TR CORP COM 665859104   32,017,780 360,074 SH   DFND   360,074 0 0
NORTHWEST PIPE CO COM 667746101   15,878,238 457,850 SH   DFND   437,050 0 20,800
NOV INC COM 62955J103   40,993,718 2,100,088 SH   DFND   2,100,088 0 0
NOW INC COM 67011P100   10,227,320 672,850 SH   DFND   630,850 0 42,000
OIL DRI CORP AMER COM 677864100   9,058,220 121,489 SH   DFND   121,489 0 0
OLD REP INTL CORP COM 680223104   13,711,073 446,324 SH   DFND   446,324 0 0
ORACLE CORP COM 68389X105   1,539,351 12,255 SH   DFND   12,255 0 0
ORION S.A. COM L72967109   9,325,680 396,500 SH   DFND   376,500 0 20,000
OSISKO GOLD ROYALTIES LTD COM 68827L101   4,926,000 300,000 SH   DFND   300,000 0 0
PACKAGING CORP AMER COM 695156109   14,265,763 75,170 SH   DFND   75,170 0 0
PARK AEROSPACE CORP COM 70014A104   14,928,203 897,667 SH   DFND   897,667 0 0
PATTERSON COS INC COM 703395103   11,311,615 409,100 SH   DFND   388,100 0 21,000
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203   5,945,000 500,000 SH   DFND   500,000 0 0
PERRIGO CO PLC SHS G97822103   39,607,220 1,230,420 SH   DFND   1,194,720 0 35,700
PHOTRONICS INC COM 719405102   5,664,000 200,000 SH   DFND   200,000 0 0
PIONEER NAT RES CO COM 723787107   1,551,375 5,910 SH   DFND   5,910 0 0
PNC FINL SVCS GROUP INC COM 693475105   7,983,363 49,402 SH   DFND   49,402 0 0
POPULAR INC COM NEW 733174700   3,309,717 37,572 SH   DFND   37,572 0 0
PORTLAND GEN ELEC CO COM NEW 736508847   8,910,384 212,152 SH   DFND   212,152 0 0
POTBELLY CORP COM 73754Y100   8,538,156 705,050 SH   DFND   669,000 0 36,050
POTLATCHDELTIC CORPORATION COM 737630103   24,512,090 521,312 SH   DFND   521,312 0 0
PPG INDS INC COM 693506107   11,934,109 82,361 SH   DFND   82,361 0 0
PRIMO WATER CORPORATION COM 74167P108   16,110,387 884,700 SH   DFND   837,700 0 47,000
PRIMORIS SVCS CORP COM 74164F103   8,514,000 200,000 SH   DFND   200,000 0 0
PUBLIC STORAGE COM 74460D109   23,939,522 82,533 SH   DFND   82,533 0 0
PURE CYCLE CORP COM NEW 746228303   4,750,000 500,000 SH   DFND   500,000 0 0
QORVO INC COM 74736K101   20,299,992 176,783 SH   DFND   176,783 0 0
QUEST DIAGNOSTICS INC COM 74834L100   27,769,142 208,618 SH   DFND   208,618 0 0
RADIAN GROUP INC COM 750236101   19,171,616 572,800 SH   DFND   554,450 0 18,350
SEACOAST BKG CORP FLA COM NEW 811707801   14,826,796 583,962 SH   DFND   583,962 0 0
SEALED AIR CORP NEW COM 81211K100   13,288,882 357,228 SH   DFND   346,728 0 10,500
SENSIENT TECHNOLOGIES CORP COM 81725T100   11,794,058 170,459 SH   DFND   170,459 0 0
SILICON MOTION TECHNOLOGY CO SPONSORED ADR 82706C108   22,464,557 291,975 SH   DFND   286,100 0 5,875
SIMPSON MFG INC COM 829073105   1,530,027 7,457 SH   DFND   7,457 0 0
SKYWORKS SOLUTIONS INC COM 83088M102   8,438,128 77,900 SH   DFND   77,900 0 0
SMITH A O CORP COM 831865209   9,448,855 105,621 SH   DFND   105,621 0 0
SPECTRUM BRANDS HLDGS INC NE COM 84790A105   3,259,012 36,614 SH   DFND   36,614 0 0
STARBUCKS CORP COM 855244109   1,554,178 17,006 SH   DFND   17,006 0 0
STERICYCLE INC COM 858912108   25,562,755 484,602 SH   DFND   484,602 0 0
STEWART INFORMATION SVCS COR COM 860372101   13,012,000 200,000 SH   DFND   200,000 0 0
SUNCOR ENERGY INC NEW COM 867224107   2,052,454 55,607 SH   DFND   55,607 0 0
SUNOPTA INC COM 8676EP108   3,435,000 500,000 SH   DFND   500,000 0 0
TE CONNECTIVITY LTD REG SHS H84989104   6,614,665 45,543 SH   DFND   45,543 0 0
TELEDYNE TECHNOLOGIES INC COM 879360105   13,123,883 30,569 SH   DFND   30,569 0 0
TERADATA CORP DEL COM 88076W103   15,097,889 390,429 SH   DFND   390,429 0 0
TEXAS CAP BANCSHARES INC COM 88224Q107   44,602,146 724,649 SH   DFND   714,049 0 10,600
TEXAS INSTRS INC COM 882508104   1,741,403 9,996 SH   DFND   9,996 0 0
THERMON GROUP HLDGS INC COM 88362T103   7,944,285 242,796 SH   DFND   242,796 0 0
THOR INDS INC COM 885160101   7,067,271 60,229 SH   DFND   60,229 0 0
TIPTREE INC COM 88822Q103   5,616,000 325,000 SH   DFND   325,000 0 0
TRICO BANCSHARES COM 896095106   9,195,000 250,000 SH   DFND   250,000 0 0
TWIN DISC INC COM 901476101   4,132,500 250,000 SH   DFND   250,000 0 0
UGI CORP NEW COM 902681105   8,943,603 364,450 SH   DFND   338,600 0 25,850
UMH PPTYS INC COM 903002103   4,872,000 300,000 SH   DFND   300,000 0 0
UNILEVER PLC SPON ADR NEW 904767704   2,949,666 58,770 SH   DFND   58,770 0 0
VAIL RESORTS INC COM 91879Q109   13,996,398 62,812 SH   DFND   62,812 0 0
VIPER ENERGY INC CL A 927959106   18,756,942 487,700 SH   DFND   475,050 0 12,650
WATSCO INC COM 942622200   14,388,921 33,310 SH   DFND   33,310 0 0
WELLS FARGO CO NEW COM 949746101   2,252,557 38,864 SH   DFND   38,864 0 0
WISDOMTREE TR INTL SMCAP DIV 97717W760   680,532 10,436 SH   DFND   10,436 0 0