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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Alleghany Corporation COMMON 017175100 41,761 50,127 SH   SOLE   34,832 0 15,295
Alphabet Inc. Cl A COMMON 02079K305 55,580 25,504 SH   SOLE   18,989 0 6,515
Elevance Health Inc. COMMON 036752103 60,389 125,137 SH   SOLE   93,447 0 31,690
Applied Materials, Inc. COMMON 038222105 68,083 748,332 SH   SOLE   557,212 0 191,120
Baker Hughes Company COMMON 05722G100 65,578 2,271,496 SH   SOLE   1,687,541 0 583,955
Bank of America Corporation COMMON 060505104 50,054 1,607,915 SH   SOLE   1,192,280 0 415,635
Berkshire Hathaway, Inc. Cl B COMMON 084670702 66,147 242,280 SH   SOLE   180,370 0 61,910
Coterra Energy, Inc. COMMON 127097103 57,124 2,214,964 SH   SOLE   1,646,304 0 568,660
Capital One Financial Corp COMMON 14040H105 72,224 693,194 SH   SOLE   518,624 0 174,570
Cardinal Health, Inc. COMMON 14149Y108 72,222 1,381,718 SH   SOLE   1,028,433 0 353,285
Conagra Brands, Inc. COMMON 205887102 70,650 2,063,365 SH   SOLE   1,545,940 0 517,425
Elanco Animal Health Inc. COMMON 28414H103 79,629 4,056,486 SH   SOLE   3,008,211 0 1,048,275
FedEx Corporation COMMON 31428X106 69,220 305,324 SH   SOLE   227,184 0 78,140
First Republic Bank COMMON 33616C100 56,849 394,239 SH   SOLE   293,459 0 100,780
General Motors Company COMMON 37045V100 59,377 1,869,544 SH   SOLE   1,384,489 0 485,055
Hologic Inc. COMMON 436440101 66,400 958,159 SH   SOLE   715,934 0 242,225
International Paper Company COMMON 460146103 61,109 1,460,897 SH   SOLE   1,107,842 0 353,055
Kinder Morgan, Inc. COMMON 49456B101 78,705 4,695,997 SH   SOLE   3,467,837 0 1,228,160
Lennar Corporation COMMON 526057104 98,832 1,400,484 SH   SOLE   1,035,364 0 365,120
Merck & Co. Inc. COMMON 58933Y105 60,401 662,514 SH   SOLE   492,799 0 169,715
Morgan Stanley COMMON 617446448 88,644 1,165,446 SH   SOLE   867,596 0 297,850
Oracle Corporation COMMON 68389X105 95,437 1,365,927 SH   SOLE   1,016,552 0 349,375
Organon & Company COMMON 68622V106 86,021 2,548,772 SH   SOLE   1,899,332 0 649,440
PVH Corp. COMMON 693656100 93,946 1,651,076 SH   SOLE   1,225,301 0 425,775
PACCAR, Inc. COMMON 693718108 95,030 1,154,116 SH   SOLE   859,966 0 294,150
Pfizer Inc. COMMON 717081103 63,265 1,206,654 SH   SOLE   898,009 0 308,645
SVB Financial Group COMMON 78486Q101 91,964 232,826 SH   SOLE   172,901 0 59,925
Tempur Sealy International COMMON 88023U101 65,038 3,043,441 SH   SOLE   2,252,626 0 790,815
Verizon Communications Inc COMMON 92343V104 62,017 1,222,017 SH   SOLE   927,747 0 294,270
Victoria's Secret & Co COMMON 926400102 76,296 2,727,789 SH   SOLE   2,018,719 0 709,070
Vistra Corp. COMMON 92840M102 124,344 5,441,743 SH   SOLE   4,014,873 0 1,426,870
Vontier Corporation COMMON 928881101 77,260 3,360,578 SH   SOLE   2,486,448 0 874,130
Wells Fargo & Company COMMON 949746101 100,935 2,576,841 SH   SOLE   1,915,081 0 661,760
Perrigo Company plc COMMON G97822103 115,068 2,836,282 SH   SOLE   2,106,327 0 729,955
NXP Semiconductors NV COMMON N6596X109 86,625 585,185 SH   SOLE   441,490 0 143,695
Flex Ltd. COMMON Y2573F102 98,916 6,835,944 SH   SOLE   5,080,964 0 1,754,980