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
Alcoa Corporation COM 013872106   22,055,145 650,019 SH   SOLE 0 405,946 0 244,073
American Airlines Group Inc. COM 02376R102   25,879,419 1,442,554 SH   SOLE 0 833,852 0 608,702
Advance Auto Parts, Inc. COM 00751Y106   546,793 7,778 SH   SOLE 0 4,817 0 2,961
Adobe Incorporated COM 00724F101   4,804,816 9,826 SH   SOLE 0 6,189 0 3,637
Adient plc COM G0084W101   2,589,321 67,571 SH   SOLE 0 41,893 0 25,678
Autodesk, Inc. COM 052769106   1,105,303 5,402 SH   SOLE 0 5,402 0 0
American International Group, Inc. COM 026874784   73,819,850 1,282,931 SH   SOLE 0 802,437 0 480,494
Applied Materials, Inc. COM 038222105   9,848,377 68,136 SH   SOLE 0 42,548 0 25,588
Amazon.com, Inc. COM 023135106   74,579,217 572,102 SH   SOLE 0 359,406 0 212,696
APA Corporation COM 03743Q108   2,466,083 72,171 SH   SOLE 0 44,634 0 27,537
Broadcom Inc. COM 11135F101   30,356,580 34,996 SH   SOLE 0 22,252 0 12,744
American Express Company COM 025816109   68,716,326 394,468 SH   SOLE 0 246,090 0 148,378
Bank of America Corp COM 060505104   87,348,656 3,044,568 SH   SOLE 0 1,927,526 0 1,117,042
Credicorp Ltd. COM G2519Y108   14,980,883 101,469 SH   SOLE 0 64,434 0 37,035
Bio-Rad Laboratories, Inc. Class A COM 090572207   26,800,372 70,691 SH   SOLE 0 44,603 0 26,088
Booking Holdings Inc. COM 09857L108   55,389,169 20,512 SH   SOLE 0 12,955 0 7,557
TopBuild Corp. COM 89055F103   11,219,660 42,176 SH   SOLE 0 27,364 0 14,812
Bristol-Myers Squibb Company COM 110122108   2,721,073 42,550 SH   SOLE 0 26,537 0 16,013
Berkshire Hathaway Inc. Class B COM 084670702   55,951,962 164,082 SH   SOLE 0 103,917 0 60,165
Peabody Energy Corporation COM 704551100   27,077,361 1,250,109 SH   SOLE 0 534,192 0 715,917
Citigroup Inc. COM 172967424   53,571,177 1,163,579 SH   SOLE 0 729,572 0 434,007
Avis Budget Group, Inc. COM 053774105   3,958,049 17,309 SH   SOLE 0 10,706 0 6,603
CBRE Group, Inc. Class A COM 12504L109   59,713,213 739,849 SH   SOLE 0 461,638 0 278,211
Citizens Financial Group, Inc. COM 174610105   9,973,983 382,438 SH   SOLE 0 239,764 0 142,674
Charter Communications, Inc. Class A COM 16119P108   2,272,183 6,185 SH   SOLE 0 3,892 0 2,293
CME Group Inc. Class A COM 12572Q105   2,924,617 15,784 SH   SOLE 0 10,220 0 5,564
Centene Corporation COM 15135B101   5,277,760 78,247 SH   SOLE 0 50,177 0 28,070
Capital One Financial Corp COM 14040H105   27,982,096 255,848 SH   SOLE 0 159,781 0 96,067
ConocoPhillips COM 20825C104   38,542,298 371,994 SH   SOLE 0 223,846 0 148,148
Costco Wholesale Corporation COM 22160K105   100,723,361 187,086 SH   SOLE 0 116,039 0 71,047
Copa Holdings, S.A. Class A COM P31076105   10,787,190 97,551 SH   SOLE 0 62,046 0 35,505
Corteva Inc COM 22052L104   6,673,158 116,460 SH   SOLE 0 72,603 0 43,857
Cushman & Wakefield Plc COM G2717B108   2,221,344 271,558 SH   SOLE 0 168,296 0 103,262
Cemex SAB de CV Sponsored ADR COM 151290889   28,656,201 4,047,486 SH   SOLE 0 2,079,443 0 1,968,043
Caesars Entertainment Inc COM 12769G100   8,261,218 162,080 SH   SOLE 0 103,393 0 58,687
Delta Air Lines, Inc. COM 247361702   35,028,993 736,832 SH   SOLE 0 416,393 0 320,439
DHT Holdings, Inc. COM Y2065G121   33,520,153 3,929,678 SH   SOLE 0 2,495,465 0 1,434,213
Walt Disney Company COM 254687106   12,166,811 136,277 SH   SOLE 0 85,108 0 51,169
Diana Shipping Inc. COM Y2066G104   15,524,845 4,207,275 SH   SOLE 0 2,651,588 0 1,555,687
DXC Technology Co. COM 23355L106   2,596,917 97,190 SH   SOLE 0 97,190 0 0
eBay Inc. COM 278642103   3,088,615 69,112 SH   SOLE 0 43,151 0 25,961
Elevance Health, Inc. COM 036752103   44,637,816 100,470 SH   SOLE 0 63,777 0 36,693
EPAM Systems, Inc. COM 29414B104   7,437,652 33,093 SH   SOLE 0 23,167 0 9,926
FirstCash Holdings, Inc. COM 33768G107   6,934,419 74,300 SH   SOLE 0 46,380 0 27,920
Freeport-McMoRan, Inc. COM 35671D857   50,290,080 1,257,252 SH   SOLE 0 787,461 0 469,791
Liberty Media Corp. Series A Liberty Formula One COM 531229870   2,534,398 37,480 SH   SOLE 0 22,999 0 14,481
Liberty Media Corp. Series C Liberty Formula One COM 531229854   14,322,848 190,261 SH   SOLE 0 120,361 0 69,900
Graco Inc. COM 384109104   5,200,342 60,224 SH   SOLE 0 37,423 0 22,801
GCI Liberty Inc - Class A Escrow Line COM 361ESC049   0 39,113 SH   SOLE 0 30,236 0 8,877
Golar LNG Limited COM G9456A100   12,866,907 637,923 SH   SOLE 0 407,405 0 230,518
Corning Inc COM 219350105   21,696,698 619,198 SH   SOLE 0 388,718 0 230,480
Golden Ocean Group Ltd COM G39637205   4,448,067 589,148 SH   SOLE 0 370,056 0 219,092
Alphabet Inc. Class C COM 02079K107   103,140,837 852,615 SH   SOLE 0 539,546 0 313,069
Garmin Ltd. COM H2906T109   5,320,980 51,021 SH   SOLE 0 32,093 0 18,928
Ferroglobe PLC COM G33856108   20,773,522 4,355,036 SH   SOLE 0 2,257,252 0 2,097,784
Huntington Bancshares Incorporated COM 446150104   1,746,338 161,998 SH   SOLE 0 100,944 0 61,054
Hanesbrands Inc. COM 410345102   922,682 203,234 SH   SOLE 0 126,345 0 76,889
Warrior Met Coal, Inc. COM 93627C101   10,271,816 263,718 SH   SOLE 0 137,409 0 126,309
Hackett Group, Inc. COM 404609109   5,154,491 230,626 SH   SOLE 0 142,692 0 87,934
D-MARKET Elektronik Hizmetler ve Ticaret AS Sponso COM 23292B104   12,348,052 7,350,031 SH   SOLE 0 4,715,194 0 2,634,837
Hewlett Packard Enterprise Co. COM 42824C109   1,231,121 73,281 SH   SOLE 0 45,838 0 27,443
HP Inc. COM 40434L105   2,177,093 70,892 SH   SOLE 0 44,742 0 26,150
Interactive Brokers Group, Inc. Class A COM 45841N107   1,956,631 23,554 SH   SOLE 0 14,600 0 8,954
iShares MSCI India ETF COM 46429B598   4,360,561 99,784 SH   SOLE 0 99,784 0 0
International Seaways, Inc. COM Y41053102   30,702,399 802,887 SH   SOLE 0 513,211 0 289,676
Intel Corporation COM 458140100   2,889,617 86,412 SH   SOLE 0 53,642 0 32,770
Gartner, Inc. COM 366651107   13,057,805 37,275 SH   SOLE 0 23,233 0 14,042
Jefferies Financial Group Inc. COM 47233W109   25,078,145 756,049 SH   SOLE 0 476,577 0 279,472
JPMorgan Chase & Co. COM 46625H100   31,685,558 217,860 SH   SOLE 0 139,500 0 78,360
KLA Corporation COM 482480100   7,955,298 16,402 SH   SOLE 0 10,148 0 6,254
Kroger Co. COM 501044101   15,129,770 321,910 SH   SOLE 0 201,040 0 120,870
Loews Corporation COM 540424108   7,190,977 121,101 SH   SOLE 0 75,593 0 45,508
Lazard Ltd Class A COM G54050102   1,289,248 40,289 SH   SOLE 0 21,970 0 18,319
Liberty Broadband Corp. Class A COM 530307107   231,855 2,908 SH   SOLE 0 1,935 0 973
Liberty Broadband Corp. Class C COM 530307305   1,017,477 12,701 SH   SOLE 0 7,935 0 4,766
Liberty Global Plc Class A COM G5480U104   1,101,700 65,344 SH   SOLE 0 39,901 0 25,443
Liberty Global Plc Class C COM G5480U120   1,152,171 64,838 SH   SOLE 0 40,013 0 24,825
Liberty Latin America Ltd. Class A COM G9001E102   794,194 90,765 SH   SOLE 0 56,992 0 33,773
Liberty Latin America Ltd. Class C COM G9001E128   1,057,605 122,692 SH   SOLE 0 76,850 0 45,842
LivaNova Plc COM G5509L101   996,353 19,373 SH   SOLE 0 12,107 0 7,266
Louisiana-Pacific Corporation COM 546347105   17,999,099 240,052 SH   SOLE 0 153,110 0 86,942
Lam Research Corporation COM 512807108   12,151,983 18,903 SH   SOLE 0 11,963 0 6,940
Lesaka Technologies, Inc. COM 64107N206   5,385,431 1,413,499 SH   SOLE 0 899,716 0 513,783
Liberty Media Corp. Series A Liberty SiriusXM COM 531229409   1,297,176 39,536 SH   SOLE 0 24,773 0 14,763
Liberty Media Corp. Series C Liberty SiriusXM COM 531229607   2,171,177 66,336 SH   SOLE 0 41,600 0 24,736
Liberty TripAdvisor Holdings Inc Class A COM 531465102   8,081 12,432 SH   SOLE 0 8,575 0 3,857
Lumen Technologies, Inc. COM 550241103   152,482 67,470 SH   SOLE 0 42,573 0 24,897
LyondellBasell Industries NV COM N53745100   8,803,834 95,871 SH   SOLE 0 60,981 0 34,890
Masco Corporation COM 574599106   11,800,140 205,649 SH   SOLE 0 131,315 0 74,334
MBIA Inc. COM 55262C100   16,607,376 1,922,150 SH   SOLE 0 1,211,773 0 710,377
Microchip Technology Incorporated COM 595017104   8,277,668 92,395 SH   SOLE 0 59,174 0 33,221
MGM Resorts International COM 552953101   44,137,887 1,004,961 SH   SOLE 0 628,540 0 376,421
Mohawk Industries, Inc. COM 608190104   1,816,235 17,606 SH   SOLE 0 11,081 0 6,525
Montauk Renewables, Inc. COM 61218C103   5,894,340 792,250 SH   SOLE 0 511,629 0 280,621
Altria Group, Inc. COM 02209S103   4,084,928 90,175 SH   SOLE 0 37,177 0 52,998
Marathon Petroleum Corporation COM 56585A102   23,050,654 197,690 SH   SOLE 0 126,133 0 71,557
Morgan Stanley COM 617446448   29,012,344 339,723 SH   SOLE 0 215,426 0 124,297
Microsoft Corporation COM 594918104   33,796,211 99,243 SH   SOLE 0 62,688 0 36,555
Micron Technology, Inc. COM 595112103   42,705,085 676,677 SH   SOLE 0 376,380 0 300,297
Noble Corporation PLC Class A COM G65431127   29,743,985 720,019 SH   SOLE 0 468,463 0 251,556
Ingevity Corporation COM 45688C107   300,513 5,167 SH   SOLE 0 3,145 0 2,022
NVIDIA Corporation COM 67066G104   12,597,536 29,780 SH   SOLE 0 19,377 0 10,403
Occidental Petroleum Corporation COM 674599105   1,842,557 31,336 SH   SOLE 0 19,473 0 11,863
Permian Basin Royalty Trust COM 714236106   11,070,540 444,065 SH   SOLE 0 290,144 0 153,921
Philip Morris International Inc. COM 718172109   18,421,284 188,704 SH   SOLE 0 78,373 0 110,331
PNC Financial Services Group, Inc. COM 693475105   8,439,910 67,010 SH   SOLE 0 42,845 0 24,165
PayPal Holdings, Inc. COM 70450Y103   22,322,653 334,522 SH   SOLE 0 208,389 0 126,133
QUALCOMM Incorporated COM 747525103   12,791,919 107,459 SH   SOLE 0 67,947 0 39,512
Transocean Ltd. COM H8817H100   1,761,851 251,334 SH   SOLE 0 143,523 0 107,811
RLX Technology, Inc. Sponsored ADR Class A COM 74969N103   1,582,074 893,827 SH   SOLE 0 372,514 0 521,313
Raytheon Technologies Corporation COM 75513E101   2,228,002 22,744 SH   SOLE 0 21,059 0 1,685
Rackspace Technology, Inc. COM 750102105   1,420,904 522,391 SH   SOLE 0 327,198 0 195,193
Ryanair Holdings Plc Sponsored ADR COM 783513203   34,914,097 315,679 SH   SOLE 0 137,735 0 177,944
Star Bulk Carriers Corp. COM Y8162K204   4,294,480 242,626 SH   SOLE 0 152,396 0 90,230
Charles Schwab Corp COM 808513105   37,686,079 664,892 SH   SOLE 0 416,700 0 248,192
Sherwin-Williams Company COM 824348106   13,005,966 48,983 SH   SOLE 0 30,439 0 18,544
SL Green Realty Corp. COM 78440X887   9,169,697 305,148 SH   SOLE 0 191,903 0 113,245
Scotts Miracle-Gro Company Class A COM 810186106   1,411,841 22,521 SH   SOLE 0 14,014 0 8,507
Steel Dynamics, Inc. COM 858119100   15,687,554 144,015 SH   SOLE 0 68,152 0 75,863
Scorpio Tankers Inc. COM Y7542C130   15,383,614 325,717 SH   SOLE 0 204,897 0 120,820
Seagate Technology Holdings PLC COM G7997R103   11,814,757 190,961 SH   SOLE 0 118,799 0 72,162
Synchrony Financial COM 87165B103   34,138,343 1,006,437 SH   SOLE 0 631,737 0 374,700
Tidewater Inc COM 88642R109   12,879,932 232,322 SH   SOLE 0 149,158 0 83,164
Thor Industries, Inc. COM 885160101   7,738,902 74,772 SH   SOLE 0 47,650 0 27,122
Texas Pacific Land Corporation COM 88262P102   5,595,125 4,250 SH   SOLE 0 2,672 0 1,578
Tractor Supply Company COM 892356106   17,297,316 78,233 SH   SOLE 0 48,642 0 29,591
Taiwan Semiconductor Manufacturing Co., Ltd. Spons COM 874039100   32,397,036 321,017 SH   SOLE 0 199,992 0 121,025
Union Pacific Corporation COM 907818108   18,609,166 90,945 SH   SOLE 0 56,860 0 34,085
Visa Inc. Class A COM 92826C839   9,726,231 40,956 SH   SOLE 0 25,577 0 15,379
Valaris Ltd. COM G9460G101   14,218,341 225,939 SH   SOLE 0 140,916 0 85,023
Veeco Instruments Inc. COM 922417100   2,388,959 93,028 SH   SOLE 0 60,331 0 32,697
VICI Properties Inc COM 925652109   5,593,660 177,972 SH   SOLE 0 113,373 0 64,599
Vipshop Holdings Ltd Sponsored ADR COM 92763W103   12,399,849 751,506 SH   SOLE 0 471,618 0 279,888
Vitesse Energy, Inc. COM 92852X103   1,995,661 89,092 SH   SOLE 0 56,202 0 32,890
WESCO International, Inc. COM 95082P105   6,029,308 33,672 SH   SOLE 0 21,056 0 12,616
Western Digital Corporation COM 958102105   1,570,757 41,412 SH   SOLE 0 25,741 0 15,671
Wells Fargo & Company COM 949746101   74,979,157 1,756,775 SH   SOLE 0 1,132,023 0 624,752
Wheaton Precious Metals Corp COM 962879102   7,490,285 173,306 SH   SOLE 0 108,172 0 65,134
WestRock Company COM 96145D105   7,236,453 248,932 SH   SOLE 0 158,017 0 90,915
Willis Towers Watson Public Limited Company COM G96629103   12,797,070 54,340 SH   SOLE 0 34,036 0 20,304
Weyerhaeuser Company COM 962166104   1,910,137 57,002 SH   SOLE 0 35,592 0 21,410
Yandex NV Class A COM N97284108   3 263,014 SH   SOLE 0 205,222 0 57,792