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
ADVANCE AUTO PARTS INC COM 00751Y106   29,933,045 351,781 SH   SOLE   304,411 0 47,370
ALASKA AIR GROUP INC COM 011659109   1,113,011 25,890 SH   SOLE   25,890 0 0
ALGOMA STL GROUP INC COM 015658107   17,276,233 2,034,892 SH   SOLE   2,034,892 0 0
ALLY FINL INC COM 02005N100   24,511,570 603,882 SH   SOLE   496,862 0 107,020
ALPHA METALLURGICAL RESOUR I COM 020764106   34,338,686 103,689 SH   SOLE   86,503 0 17,186
AMERICAN AXLE & MFG HLDGS IN COM 024061103   19,761,092 2,684,931 SH   SOLE   2,336,971 0 347,960
AMERICAN EAGLE OUTFITTERS IN COM 02553E106   1,978,609 76,720 SH   SOLE   76,720 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203   14,721,294 533,767 SH   SOLE   533,767 0 0
ARROW ELECTRS INC COM 042735100   20,198,738 156,023 SH   SOLE   129,923 0 26,100
ASBURY AUTOMOTIVE GROUP INC COM 043436104   22,491,290 95,391 SH   SOLE   82,241 0 13,150
AUTONATION INC COM 05329W102   23,297,603 140,703 SH   SOLE   121,313 0 19,390
AVNET INC COM 053807103   21,676,326 437,199 SH   SOLE   364,669 0 72,530
BLUELINX HLDGS INC COM NEW 09624H208   14,930,193 114,636 SH   SOLE   99,406 0 15,230
BUNGE GLOBAL SA COM SHS H11356104   1,198,459 11,690 SH   SOLE   11,690 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101   31,743,880 1,395,949 SH   SOLE   1,154,469 0 241,480
CONSTELLIUM SE CL A SHS F21107101   1,651,838 74,710 SH   SOLE   74,710 0 0
CVR ENERGY INC COM 12662P108   1,181,059 33,120 SH   SOLE   33,120 0 0
DANA INC COM 235825205   21,499,500 1,692,874 SH   SOLE   1,459,810 0 233,064
DESIGNER BRANDS INC CL A 250565108   17,622,767 1,612,330 SH   SOLE   1,409,700 0 202,630
DXC TECHNOLOGY CO COM 23355L106   20,990,561 989,654 SH   SOLE   853,862 0 135,792
ENI S P A SPONSORED ADR 26874R108   1,010,599 31,860 SH   SOLE   31,860 0 0
FOOT LOCKER INC COM 344849104   24,523,965 860,490 SH   SOLE   736,290 0 124,200
FORD MTR CO DEL COM 345370860   1,060,674 79,870 SH   SOLE   79,870 0 0
FRONTIER GROUP HLDGS INC COM 35909R108   26,912,597 3,318,446 SH   SOLE   2,830,046 0 488,400
G III APPAREL GROUP LTD COM 36237H101   28,527,332 983,362 SH   SOLE   859,302 0 124,060
GENERAL MTRS CO COM 37045V100   22,098,148 487,280 SH   SOLE   427,500 0 59,780
GENESCO INC COM 371532102   635,401 22,580 SH   SOLE   22,580 0 0
GOODYEAR TIRE & RUBR CO COM 382550101   21,713,583 1,581,470 SH   SOLE   1,388,370 0 193,100
HF SINCLAIR CORP COM 403949100   26,350,418 436,482 SH   SOLE   362,202 0 74,280
INGLES MKTS INC CL A 457030104   853,448 11,130 SH   SOLE   11,130 0 0
JELD-WEN HLDG INC COM 47580P103   34,669,991 1,633,066 SH   SOLE   1,360,186 0 272,880
JONES LANG LASALLE INC COM 48020Q107   1,149,080 5,890 SH   SOLE   5,890 0 0
LEAR CORP COM NEW 521865204   1,134,410 7,830 SH   SOLE   7,830 0 0
LIBERTY ENERGY INC COM CL A 53115L104   18,301,147 883,260 SH   SOLE   716,860 0 166,400
LITHIA MTRS INC COM 536797103   1,034,958 3,440 SH   SOLE   3,440 0 0
MACYS INC COM 55616P104   25,722,392 1,286,763 SH   SOLE   1,108,823 0 177,940
MANPOWERGROUP INC WIS COM 56418H100   1,073,761 13,830 SH   SOLE   13,830 0 0
MARATHON PETE CORP COM 56585A102   1,418,560 7,040 SH   SOLE   7,040 0 0
PAR PAC HOLDINGS INC COM NEW 69888T207   31,708,202 855,591 SH   SOLE   711,401 0 144,190
PATRICK INDS INC COM 703343103   1,381,909 11,567 SH   SOLE   11,567 0 0
PBF ENERGY INC CL A 69318G106   35,484,421 616,370 SH   SOLE   508,750 0 107,620
PETCO HEALTH & WELLNESS CO I COM 71601V105   16,376,825 7,182,818 SH   SOLE   6,202,938 0 979,880
PILGRIMS PRIDE CORP COM 72147K108   1,309,308 38,150 SH   SOLE   38,150 0 0
POSCO HOLDINGS INC SPONSORED ADR 693483109   882,225 11,250 SH   SOLE   11,250 0 0
PROPETRO HLDG CORP COM 74347M108   23,275,498 2,880,631 SH   SOLE   2,482,049 0 398,582
RYERSON HLDG CORP COM 783754104   18,444,497 550,582 SH   SOLE   475,832 0 74,750
SMART GLOBAL HLDGS INC SHS G8232Y101   1,474,446 56,020 SH   SOLE   56,020 0 0
SONIC AUTOMOTIVE INC CL A 83545G102   21,691,293 380,950 SH   SOLE   338,010 0 42,940
SOUTHWEST AIRLS CO COM 844741108   21,935,935 751,488 SH   SOLE   650,108 0 101,380
SPORTSMANS WHSE HLDGS INC COM 84920Y106   5,956,449 1,915,257 SH   SOLE   1,664,247 0 251,010
STELLANTIS N.V SHS N82405106   1,306,328 46,160 SH   SOLE   46,160 0 0
TERNIUM SA SPONSORED ADS 880890108   18,652,794 448,169 SH   SOLE   371,679 0 76,490
TYSON FOODS INC CL A 902494103   22,062,394 375,658 SH   SOLE   324,998 0 50,660
UNITED AIRLS HLDGS INC COM 910047109   23,164,057 483,794 SH   SOLE   418,104 0 65,690
UNITED NAT FOODS INC COM 911163103   14,771,268 1,285,576 SH   SOLE   1,090,596 0 194,980
VALERO ENERGY CORP COM 91913Y100   1,333,089 7,810 SH   SOLE   7,810 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108   904,690 41,710 SH   SOLE   41,710 0 0
WORLD KINECT CORPORATION COM 981475106   951,671 35,980 SH   SOLE   35,980 0 0
ZUMIEZ INC COM 989817101   8,556,284 563,284 SH   SOLE   488,874 0 74,410