<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>
      
      <filer>
        <issuerCredentials>
          <cik>0001618627</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      
      
      <seriesClassInfo>
        <seriesId>S000048027</seriesId>
        <classId>C000151488</classId>
      </seriesClassInfo>
      
      
    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>RBB Fund Trust</regName>
      <regFileNumber>811-23011</regFileNumber>
      <regCik>0001618627</regCik>
      <regLei>549300LEC95RYURPL757</regLei>
      <regStreet1>615 East Michigan Street</regStreet1>
      <regStreet2>N/A</regStreet2>
      <regCity>Milwaukee</regCity>
      <regStateConditional regCountry="US" regState="US-WI"/>
      <regZipOrPostalCode>53202</regZipOrPostalCode>
      <regPhone>262-378-6278</regPhone>
      <seriesName>Penn Capital Special Situations Small Cap Equity Fund</seriesName>
      <seriesId>S000048027</seriesId>
      <seriesLei>54930055H78RHJOE5C94</seriesLei>
      <repPdEnd>2026-08-31</repPdEnd>
      <repPdDate>2026-05-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>108384200.420000000000</totAssets>
      <totLiabs>190166.590000000000</totLiabs>
      <netAssets>108194033.830000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.000000000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.000000000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.000000000000</amtPayAftOneYrOther>
      <delayDeliv>0.000000000000</delayDeliv>
      <standByCommit>0.000000000000</standByCommit>
      <liquidPref>0.000000000000</liquidPref>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000151488" rtn1="-4.610000000000" rtn2="13.440000000000" rtn3="2.600000000000"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="598534.660000000000" netUnrealizedAppr="-4615084.830000000000"/>
        <othMon2 netRealizedGain="1839404.550000000000" netUnrealizedAppr="10183691.310000000000"/>
        <othMon3 netRealizedGain="2581866.350000000000" netUnrealizedAppr="136389.470000000000"/>
      </returnInfo>
      <mon1Flow redemption="576716.420000000000" reinvestment=".000000000000" sales="4226530.250000000000"/>
      <mon2Flow redemption="626619.630000000000" reinvestment=".000000000000" sales="5076369.080000000000"/>
      <mon3Flow redemption="1034787.900000000000" reinvestment=".000000000000" sales="3217689.250000000000"/>
      
      
      
      <varInfo>
        
        <fundsDesignatedInfo>
          <nameDesignatedIndex>N/A</nameDesignatedIndex>
          <indexIdentifier>N/A</indexIdentifier>
          
        </fundsDesignatedInfo>
        
      </varInfo>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>Herc Holdings Inc</title>
        <cusip>42704L104</cusip>
        <identifiers>
          <isin value="US42704L1044"/>
          <ticker value="HRI"/>
        </identifiers>
        <balance>9596.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1276268.000000000000</valUSD>
        <pctVal>1.1796103305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Miami International Holdings I</name>
        <lei>254900TREUDBWGLAP788</lei>
        <title>Miami International Holdings Inc</title>
        <cusip>59356Q108</cusip>
        <identifiers>
          <isin value="US59356Q1085"/>
          <ticker value="MIAX"/>
        </identifiers>
        <balance>21663.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1023576.750000000000</valUSD>
        <pctVal>0.9460565558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Newmark Group Inc</name>
        <lei>N/A</lei>
        <title>Newmark Group Inc</title>
        <cusip>65158N102</cusip>
        <identifiers>
          <isin value="US65158N1028"/>
          <ticker value="NMRK"/>
        </identifiers>
        <balance>107275.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1498631.750000000000</valUSD>
        <pctVal>1.3851334468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gates Industrial Corp PLC</name>
        <lei>549300S6K4FWUSB9KM27</lei>
        <title>Gates Industrial Corp PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BD9G2S12"/>
          <ticker value="GTES"/>
        </identifiers>
        <balance>62844.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1628916.480000000000</valUSD>
        <pctVal>1.5055511125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACM Research Inc</name>
        <lei>549300MCTENUWL2GJL61</lei>
        <title>ACM Research Inc</title>
        <cusip>00108J109</cusip>
        <identifiers>
          <isin value="US00108J1097"/>
          <ticker value="ACMR"/>
        </identifiers>
        <balance>31264.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2706211.840000000000</valUSD>
        <pctVal>2.5012579199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aehr Test Systems</name>
        <lei>529900A4GWWZFRU2RE97</lei>
        <title>Aehr Test Systems</title>
        <cusip>00760J108</cusip>
        <identifiers>
          <isin value="US00760J1088"/>
          <ticker value="AEHR"/>
        </identifiers>
        <balance>10451.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>964940.830000000000</valUSD>
        <pctVal>0.8918614048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Applied Optoelectronics Inc</name>
        <lei>529900I8U6Q5SYDNLT48</lei>
        <title>Applied Optoelectronics Inc</title>
        <cusip>03823U102</cusip>
        <identifiers>
          <isin value="US03823U1025"/>
          <ticker value="AAOI"/>
        </identifiers>
        <balance>7325.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1160353.250000000000</valUSD>
        <pctVal>1.0724743398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lindblad Expeditions Holdings</name>
        <lei>549300GSPW24GZE6R597</lei>
        <title>Lindblad Expeditions Holdings Inc</title>
        <cusip>535219109</cusip>
        <identifiers>
          <isin value="US5352191093"/>
          <ticker value="LIND"/>
        </identifiers>
        <balance>61280.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1406376.000000000000</valUSD>
        <pctVal>1.2998646508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mirum Pharmaceuticals Inc</name>
        <lei>254900YZKR40F7F27K81</lei>
        <title>Mirum Pharmaceuticals Inc</title>
        <cusip>604749101</cusip>
        <identifiers>
          <isin value="US6047491013"/>
          <ticker value="MIRM"/>
        </identifiers>
        <balance>22757.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2309835.500000000000</valUSD>
        <pctVal>2.1349009906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RXO Inc</name>
        <lei>549300KL8CA6GP8XPM30</lei>
        <title>RXO Inc</title>
        <cusip>74982T103</cusip>
        <identifiers>
          <isin value="US74982T1034"/>
          <ticker value="RXO"/>
        </identifiers>
        <balance>83689.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2140764.620000000000</valUSD>
        <pctVal>1.9786346291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Select Water Solutions Inc</name>
        <lei>54930094OK8LA3QDW486</lei>
        <title>Select Water Solutions Inc</title>
        <cusip>81617J301</cusip>
        <identifiers>
          <isin value="US81617J3014"/>
          <ticker value="WTTR"/>
        </identifiers>
        <balance>92475.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1658076.750000000000</valUSD>
        <pctVal>1.5325029406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Solaris Energy Infrastructure</name>
        <lei>529900MTK3C8Y8TIIC10</lei>
        <title>Solaris Energy Infrastructure Inc</title>
        <cusip>83418M103</cusip>
        <identifiers>
          <isin value="US83418M1036"/>
          <ticker value="SEI"/>
        </identifiers>
        <balance>18111.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1259438.940000000000</valUSD>
        <pctVal>1.1640558129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TG Therapeutics Inc</name>
        <lei>529900X21UKABN9NJ529</lei>
        <title>TG Therapeutics Inc</title>
        <cusip>88322Q108</cusip>
        <identifiers>
          <isin value="US88322Q1085"/>
          <ticker value="TGTX"/>
        </identifiers>
        <balance>43361.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1645116.340000000000</valUSD>
        <pctVal>1.5205240823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>US BANK MMDA - USBFS 2</name>
        <lei>N/A</lei>
        <title>US BANK MMDA - USBFS 2</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="USER DEFINED" value="8AMMF0A76"/>
        </identifiers>
        <balance>2158905.650000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2158905.650000000000</valUSD>
        <pctVal>1.9954017551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAT Technologies Ltd</name>
        <lei>N/A</lei>
        <title>TAT Technologies Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010827264"/>
          <ticker value="TATT"/>
        </identifiers>
        <balance>29200.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1264652.000000000000</valUSD>
        <pctVal>1.1688740638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Calix Inc</name>
        <lei>5299002RQRZ4SXSCSJ58</lei>
        <title>Calix Inc</title>
        <cusip>13100M509</cusip>
        <identifiers>
          <isin value="US13100M5094"/>
          <ticker value="CALX"/>
        </identifiers>
        <balance>26242.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1043119.500000000000</valUSD>
        <pctVal>0.9641192431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Centuri Holdings Inc</name>
        <lei>N/A</lei>
        <title>Centuri Holdings Inc</title>
        <cusip>155923105</cusip>
        <identifiers>
          <isin value="US1559231055"/>
          <ticker value="CTRI"/>
        </identifiers>
        <balance>44786.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1376721.640000000000</valUSD>
        <pctVal>1.2724561524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DNOW Inc</name>
        <lei>549300AVH5SOCFVVDW91</lei>
        <title>DNOW Inc</title>
        <cusip>67011P100</cusip>
        <identifiers>
          <isin value="US67011P1003"/>
          <ticker value="DNOW"/>
        </identifiers>
        <balance>58614.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>749673.060000000000</valUSD>
        <pctVal>0.6928968571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EW Scripps Co/The</name>
        <lei>549300U1OW41QPKYW028</lei>
        <title>EW Scripps Co/The</title>
        <cusip>811054402</cusip>
        <identifiers>
          <isin value="US8110544025"/>
          <ticker value="SSP"/>
        </identifiers>
        <balance>376424.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1276077.360000000000</valUSD>
        <pctVal>1.1794341285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Weatherford International PLC</name>
        <lei>529900LPBDSCQDJKHQ39</lei>
        <title>Weatherford International PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BLNN3691"/>
          <ticker value="WFRD"/>
        </identifiers>
        <balance>15303.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1586002.920000000000</valUSD>
        <pctVal>1.4658875946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Oil &amp; Gas Inc</name>
        <lei>OKFF0PIZDDMNH4UCYE51</lei>
        <title>Northern Oil &amp; Gas Inc</title>
        <cusip>665531307</cusip>
        <identifiers>
          <isin value="US6655313079"/>
          <ticker value="NOG"/>
        </identifiers>
        <balance>36315.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>790577.550000000000</valUSD>
        <pctVal>0.7307034612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Penn Entertainment Inc</name>
        <lei>N/A</lei>
        <title>Penn Entertainment Inc</title>
        <cusip>707569109</cusip>
        <identifiers>
          <isin value="US7075691094"/>
          <ticker value="PENN"/>
        </identifiers>
        <balance>84888.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1598441.040000000000</valUSD>
        <pctVal>1.4773837183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Popular Inc</name>
        <lei>5493008CARDZMVQ3LO89</lei>
        <title>Popular Inc</title>
        <cusip>733174700</cusip>
        <identifiers>
          <isin value="PR7331747001"/>
          <ticker value="BPOP"/>
        </identifiers>
        <balance>6770.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1005548.100000000000</valUSD>
        <pctVal>0.9293932987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sable Offshore Corp</name>
        <lei>254900IMMKZUOZF7V487</lei>
        <title>Sable Offshore Corp</title>
        <cusip>78574H104</cusip>
        <identifiers>
          <isin value="US78574H1041"/>
          <ticker value="SOC"/>
        </identifiers>
        <balance>30178.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>442107.700000000000</valUSD>
        <pctVal>0.4086248422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Parks &amp; Resorts Inc</name>
        <lei>529900G0H4NV3IIK3269</lei>
        <title>United Parks &amp; Resorts Inc</title>
        <cusip>81282V100</cusip>
        <identifiers>
          <isin value="US81282V1008"/>
          <ticker value="PRKS"/>
        </identifiers>
        <balance>37371.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1499698.230000000000</valUSD>
        <pctVal>1.3861191573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas Capital Bancshares Inc</name>
        <lei>549300466Q2SXRX0YM48</lei>
        <title>Texas Capital Bancshares Inc</title>
        <cusip>88224Q107</cusip>
        <identifiers>
          <isin value="US88224Q1076"/>
          <ticker value="TCBI"/>
        </identifiers>
        <balance>12731.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1266607.190000000000</valUSD>
        <pctVal>1.1706811782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amneal Pharmaceuticals Inc</name>
        <lei>N/A</lei>
        <title>Amneal Pharmaceuticals Inc</title>
        <cusip>03168L105</cusip>
        <identifiers>
          <isin value="US03168L1052"/>
          <ticker value="AMRX"/>
        </identifiers>
        <balance>82718.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1089396.060000000000</valUSD>
        <pctVal>1.0068910655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ducommun Inc</name>
        <lei>549300Z71HMWF90S2214</lei>
        <title>Ducommun Inc</title>
        <cusip>264147109</cusip>
        <identifiers>
          <isin value="US2641471097"/>
          <ticker value="DCO"/>
        </identifiers>
        <balance>6303.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>959442.660000000000</valUSD>
        <pctVal>0.8867796366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capri Holdings Ltd</name>
        <lei>549300LPG8W0H1OX3A26</lei>
        <title>Capri Holdings Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="VGG1890L1076"/>
          <ticker value="CPRI"/>
        </identifiers>
        <balance>73529.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1361021.790000000000</valUSD>
        <pctVal>1.2579453245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zeta Global Holdings Corp</name>
        <lei>2549008P9XSJQHGQ9S27</lei>
        <title>Zeta Global Holdings Corp</title>
        <cusip>98956A105</cusip>
        <identifiers>
          <isin value="US98956A1051"/>
          <ticker value="ZETA"/>
        </identifiers>
        <balance>73906.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1691708.340000000000</valUSD>
        <pctVal>1.5635874550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lantheus Holdings Inc</name>
        <lei>5299005HUB5IOJGO7S39</lei>
        <title>Lantheus Holdings Inc</title>
        <cusip>516544103</cusip>
        <identifiers>
          <isin value="US5165441032"/>
          <ticker value="LNTH"/>
        </identifiers>
        <balance>9319.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>925376.700000000000</valUSD>
        <pctVal>0.8552936491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Moelis &amp; Co</name>
        <lei>549300891QNU7VTQUR83</lei>
        <title>Moelis &amp; Co</title>
        <cusip>60786M105</cusip>
        <identifiers>
          <isin value="US60786M1053"/>
          <ticker value="MC"/>
        </identifiers>
        <balance>14908.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1003159.320000000000</valUSD>
        <pctVal>0.9271854320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Patterson-UTI Energy Inc</name>
        <lei>254900XGFBKIXD6G0697</lei>
        <title>Patterson-UTI Energy Inc</title>
        <cusip>703481101</cusip>
        <identifiers>
          <isin value="US7034811015"/>
          <ticker value="PTEN"/>
        </identifiers>
        <balance>130878.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1467142.380000000000</valUSD>
        <pctVal>1.3560289122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alphatec Holdings Inc</name>
        <lei>549300EZE8CQ8K65FS24</lei>
        <title>Alphatec Holdings Inc</title>
        <cusip>02081G201</cusip>
        <identifiers>
          <isin value="US02081G2012"/>
          <ticker value="ATEC"/>
        </identifiers>
        <balance>111320.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>862730.000000000000</valUSD>
        <pctVal>0.7973914729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amentum Holdings Inc</name>
        <lei>2549009FJIBLW40CU216</lei>
        <title>Amentum Holdings Inc</title>
        <cusip>023939101</cusip>
        <identifiers>
          <isin value="US0239391016"/>
          <ticker value="AMTM"/>
        </identifiers>
        <balance>47371.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1100428.330000000000</valUSD>
        <pctVal>1.0170878107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ameris Bancorp</name>
        <lei>PBJHNT51T5V6G5UQFV42</lei>
        <title>Ameris Bancorp</title>
        <cusip>03076K108</cusip>
        <identifiers>
          <isin value="US03076K1088"/>
          <ticker value="ABCB"/>
        </identifiers>
        <balance>18216.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1535790.960000000000</valUSD>
        <pctVal>1.4194784182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banc of California Inc</name>
        <lei>549300ZKWUJDP6LJ1X87</lei>
        <title>Banc of California Inc</title>
        <cusip>05990K106</cusip>
        <identifiers>
          <isin value="US05990K1060"/>
          <ticker value="BANC"/>
        </identifiers>
        <balance>86123.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1655284.060000000000</valUSD>
        <pctVal>1.5299217539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Churchill Downs Inc</name>
        <lei>529900FODTBQC8MIS994</lei>
        <title>Churchill Downs Inc</title>
        <cusip>171484108</cusip>
        <identifiers>
          <isin value="US1714841087"/>
          <ticker value="CHDN"/>
        </identifiers>
        <balance>13495.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1176898.950000000000</valUSD>
        <pctVal>1.0877669575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dime Community Bancshares Inc</name>
        <lei>N/A</lei>
        <title>Dime Community Bancshares Inc</title>
        <cusip>25432X102</cusip>
        <identifiers>
          <isin value="US25432X1028"/>
          <ticker value="DCOM"/>
        </identifiers>
        <balance>39669.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1484413.980000000000</valUSD>
        <pctVal>1.3719924542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Electrovaya Inc</name>
        <lei>529900I7K6S0AGKS2R30</lei>
        <title>Electrovaya Inc</title>
        <cusip>28617B606</cusip>
        <identifiers>
          <isin value="CA28617B6061"/>
          <ticker value="ELVA"/>
        </identifiers>
        <balance>27469.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>321112.610000000000</valUSD>
        <pctVal>0.2967932691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GXO Logistics Inc</name>
        <lei>5493007CNWMXN78JRN66</lei>
        <title>GXO Logistics Inc</title>
        <cusip>36262G101</cusip>
        <identifiers>
          <isin value="US36262G1013"/>
          <ticker value="GXO"/>
        </identifiers>
        <balance>24026.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1203942.860000000000</valUSD>
        <pctVal>1.1127627073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hancock Whitney Corp</name>
        <lei>549300GRNBWY8HIICT41</lei>
        <title>Hancock Whitney Corp</title>
        <cusip>410120109</cusip>
        <identifiers>
          <isin value="US4101201097"/>
          <ticker value="HWC"/>
        </identifiers>
        <balance>23593.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1607155.160000000000</valUSD>
        <pctVal>1.4854378778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Visteon Corp</name>
        <lei>549300MOVLYHRW4GGW78</lei>
        <title>Visteon Corp</title>
        <cusip>92839U206</cusip>
        <identifiers>
          <isin value="US92839U2069"/>
          <ticker value="VC"/>
        </identifiers>
        <balance>7498.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>886938.420000000000</valUSD>
        <pctVal>0.8197664775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wolfspeed Inc</name>
        <lei>N/A</lei>
        <title>Wolfspeed Inc</title>
        <cusip>97785W106</cusip>
        <identifiers>
          <isin value="US97785W1062"/>
          <ticker value="WOLF"/>
        </identifiers>
        <balance>31575.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1871766.000000000000</valUSD>
        <pctVal>1.7300085169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EW Scripps Co/The</name>
        <lei>549300U1OW41QPKYW028</lei>
        <title>EW Scripps Co/The</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2612618D"/>
          <other otherDesc="BBGID" value="BBG01YXWGLJ3"/>
        </identifiers>
        <balance>222015.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2220.150000000000</valUSD>
        <pctVal>0.0020520078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Borr Drilling Ltd</name>
        <lei>213800J2JPCTXLHQ5R78</lei>
        <title>Borr Drilling Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG1466R1732"/>
          <ticker value="BORR"/>
        </identifiers>
        <balance>69782.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>349607.820000000000</valUSD>
        <pctVal>0.3231304053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Billiontoone Inc</name>
        <lei>N/A</lei>
        <title>Billiontoone Inc</title>
        <cusip>090168105</cusip>
        <identifiers>
          <isin value="US0901681058"/>
          <ticker value="BLLN"/>
        </identifiers>
        <balance>11255.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1114132.450000000000</valUSD>
        <pctVal>1.0297540544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Caesars Entertainment Inc</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment Inc</title>
        <cusip>12769G100</cusip>
        <identifiers>
          <isin value="US12769G1004"/>
          <ticker value="CZR"/>
        </identifiers>
        <balance>59540.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1729637.000000000000</valUSD>
        <pctVal>1.5986436024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Celanese Corp</name>
        <lei>549300FHJQTDPPN41627</lei>
        <title>Celanese Corp</title>
        <cusip>150870103</cusip>
        <identifiers>
          <isin value="US1508701034"/>
          <ticker value="CE"/>
        </identifiers>
        <balance>20914.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1111160.820000000000</valUSD>
        <pctVal>1.0270074797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chefs' Warehouse Inc/The</name>
        <lei>549300JYEDC8C547E980</lei>
        <title>Chefs' Warehouse Inc/The</title>
        <cusip>163086101</cusip>
        <identifiers>
          <isin value="US1630861011"/>
          <ticker value="CHEF"/>
        </identifiers>
        <balance>16026.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1226630.040000000000</valUSD>
        <pctVal>1.1337316824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chemours Co/The</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>Chemours Co/The</title>
        <cusip>163851108</cusip>
        <identifiers>
          <isin value="US1638511089"/>
          <ticker value="CC"/>
        </identifiers>
        <balance>59142.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1310586.720000000000</valUSD>
        <pctVal>1.2113299353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EZCORP Inc</name>
        <lei>5493003K6PG3ZQ7TUQ63</lei>
        <title>EZCORP Inc</title>
        <cusip>302301106</cusip>
        <identifiers>
          <isin value="US3023011063"/>
          <ticker value="EZPW"/>
        </identifiers>
        <balance>33090.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1033731.600000000000</valUSD>
        <pctVal>0.9554423321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Life Time Group Holdings Inc</name>
        <lei>N/A</lei>
        <title>Life Time Group Holdings Inc</title>
        <cusip>53190C102</cusip>
        <identifiers>
          <isin value="US53190C1027"/>
          <ticker value="LTH"/>
        </identifiers>
        <balance>38498.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1273513.840000000000</valUSD>
        <pctVal>1.1770647557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lumen Technologies Inc</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
        <title>Lumen Technologies Inc</title>
        <cusip>550241103</cusip>
        <identifiers>
          <isin value="US5502411037"/>
          <ticker value="LUMN"/>
        </identifiers>
        <balance>181115.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1990453.850000000000</valUSD>
        <pctVal>1.8397075879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Primoris Services Corp</name>
        <lei>549300UF3OLBJ8D5K349</lei>
        <title>Primoris Services Corp</title>
        <cusip>74164F103</cusip>
        <identifiers>
          <isin value="US74164F1030"/>
          <ticker value="PRIM"/>
        </identifiers>
        <balance>10951.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1377416.780000000000</valUSD>
        <pctVal>1.2730986462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ryman Hospitality Properties I</name>
        <lei>529900GCCWW9SRMPJR11</lei>
        <title>Ryman Hospitality Properties Inc</title>
        <cusip>78377T107</cusip>
        <identifiers>
          <isin value="US78377T1079"/>
          <ticker value="RHP"/>
        </identifiers>
        <balance>11847.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1363945.110000000000</valUSD>
        <pctVal>1.2606472480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SSR Mining Inc</name>
        <lei>549300JD2KR7AB9DYJ38</lei>
        <title>SSR Mining Inc</title>
        <cusip>784730103</cusip>
        <identifiers>
          <isin value="CA7847301032"/>
          <ticker value="SSRM"/>
        </identifiers>
        <balance>41479.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1294974.380000000000</valUSD>
        <pctVal>1.1968999899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stagwell Inc</name>
        <lei>549300KIYTU6J3NYJ009</lei>
        <title>Stagwell Inc</title>
        <cusip>85256A109</cusip>
        <identifiers>
          <isin value="US85256A1097"/>
          <ticker value="STGW"/>
        </identifiers>
        <balance>175167.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1227920.670000000000</valUSD>
        <pctVal>1.1349245670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kiniksa Pharmaceuticals Intern</name>
        <lei>N/A</lei>
        <title>Kiniksa Pharmaceuticals International Plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BRXB0C07"/>
          <ticker value="KNSA"/>
        </identifiers>
        <balance>28019.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1355559.220000000000</valUSD>
        <pctVal>1.2528964602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Camtek Ltd/Israel</name>
        <lei>5493000H80W07HCKGS43</lei>
        <title>Camtek Ltd/Israel</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010952641"/>
          <ticker value="CAMT"/>
        </identifiers>
        <balance>7492.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1286076.720000000000</valUSD>
        <pctVal>1.1886761908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANI Pharmaceuticals Inc</name>
        <lei>5493000T6CXTND40YH31</lei>
        <title>ANI Pharmaceuticals Inc</title>
        <cusip>00182C103</cusip>
        <identifiers>
          <isin value="US00182C1036"/>
          <ticker value="ANIP"/>
        </identifiers>
        <balance>16522.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1297142.220000000000</valUSD>
        <pctVal>1.1989036494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Agilysys Inc</name>
        <lei>5299001XWB5V3B5IPN93</lei>
        <title>Agilysys Inc</title>
        <cusip>00847J105</cusip>
        <identifiers>
          <isin value="US00847J1051"/>
          <ticker value="AGYS"/>
        </identifiers>
        <balance>14997.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1298140.320000000000</valUSD>
        <pctVal>1.1998261587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Civeo Corp</name>
        <lei>254900H0BM0N0O4MSY43</lei>
        <title>Civeo Corp</title>
        <cusip>17878Y207</cusip>
        <identifiers>
          <isin value="CA17878Y2078"/>
          <ticker value="CVEO"/>
        </identifiers>
        <balance>14531.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>496233.650000000000</valUSD>
        <pctVal>0.4586515840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Watch Restaurant Group I</name>
        <lei>N/A</lei>
        <title>First Watch Restaurant Group Inc</title>
        <cusip>33748L101</cusip>
        <identifiers>
          <isin value="US33748L1017"/>
          <ticker value="FWRG"/>
        </identifiers>
        <balance>89916.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1045723.080000000000</valUSD>
        <pctVal>0.9665256419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gray Media Inc</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Media Inc</title>
        <cusip>389375106</cusip>
        <identifiers>
          <isin value="US3893751061"/>
          <ticker value="GTN"/>
        </identifiers>
        <balance>236131.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>946885.310000000000</valUSD>
        <pctVal>0.8751733127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Landstar System Inc</name>
        <lei>254900CUQXQRL09MEI52</lei>
        <title>Landstar System Inc</title>
        <cusip>515098101</cusip>
        <identifiers>
          <isin value="US5150981018"/>
          <ticker value="LSTR"/>
        </identifiers>
        <balance>1758.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>363730.200000000000</valUSD>
        <pctVal>0.3361832322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ligand Pharmaceuticals Inc</name>
        <lei>5493008K7TB0IKP37H79</lei>
        <title>Ligand Pharmaceuticals Inc</title>
        <cusip>53220K504</cusip>
        <identifiers>
          <isin value="US53220K5048"/>
          <ticker value="LGND"/>
        </identifiers>
        <balance>7923.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1837819.080000000000</valUSD>
        <pctVal>1.6986325539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Opera Ltd</name>
        <lei>5493001ULS7KDNNZ3W51</lei>
        <title>Opera Ltd</title>
        <cusip>68373M107</cusip>
        <identifiers>
          <isin value="US68373M1071"/>
          <ticker value="OPRA"/>
        </identifiers>
        <balance>46639.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>875880.420000000000</valUSD>
        <pctVal>0.8095459509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Terex Corp</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>Terex Corp</title>
        <cusip>880779103</cusip>
        <identifiers>
          <isin value="US8807791038"/>
          <ticker value="TEX"/>
        </identifiers>
        <balance>18419.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1071617.420000000000</valUSD>
        <pctVal>0.9904588840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pursuit Attractions and Hospit</name>
        <lei>549300PXU4ZW7LPO5Y40</lei>
        <title>Pursuit Attractions and Hospitality Inc</title>
        <cusip>92552R406</cusip>
        <identifiers>
          <isin value="US92552R4065"/>
          <ticker value="PRSU"/>
        </identifiers>
        <balance>27123.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1214296.710000000000</valUSD>
        <pctVal>1.1223324124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CECO Environmental Corp</name>
        <lei>5493002CZCTL4HGLIY91</lei>
        <title>CECO Environmental Corp</title>
        <cusip>125141101</cusip>
        <identifiers>
          <isin value="US1251411013"/>
          <ticker value="CECO"/>
        </identifiers>
        <balance>17961.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1342584.750000000000</valUSD>
        <pctVal>1.2409046067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California Resources Corp</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>California Resources Corp</title>
        <cusip>13057Q305</cusip>
        <identifiers>
          <isin value="US13057Q3056"/>
          <ticker value="CRC"/>
        </identifiers>
        <balance>16520.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>979470.800000000000</valUSD>
        <pctVal>0.9052909530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Legence Corp</name>
        <lei>529900LFX8I46NGWUO67</lei>
        <title>Legence Corp</title>
        <cusip>52476L109</cusip>
        <identifiers>
          <isin value="US52476L1098"/>
          <ticker value="LGN"/>
        </identifiers>
        <balance>23627.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1978524.980000000000</valUSD>
        <pctVal>1.8286821463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nexstar Media Group Inc</name>
        <lei>52990083ZRR5UT591988</lei>
        <title>Nexstar Media Group Inc</title>
        <cusip>65336K103</cusip>
        <identifiers>
          <isin value="US65336K1034"/>
          <ticker value="NXST"/>
        </identifiers>
        <balance>6090.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1086638.700000000000</valUSD>
        <pctVal>1.0043425331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ouster Inc</name>
        <lei>N/A</lei>
        <title>Ouster Inc</title>
        <cusip>68989M202</cusip>
        <identifiers>
          <isin value="US68989M2026"/>
          <ticker value="OUST"/>
        </identifiers>
        <balance>62038.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2856849.900000000000</valUSD>
        <pctVal>2.6404874639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RadNet Inc</name>
        <lei>529900RECG94V2IZJ970</lei>
        <title>RadNet Inc</title>
        <cusip>750491102</cusip>
        <identifiers>
          <isin value="US7504911022"/>
          <ticker value="RDNT"/>
        </identifiers>
        <balance>19352.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1074616.560000000000</valUSD>
        <pctVal>0.9932308853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rush Street Interactive Inc</name>
        <lei>N/A</lei>
        <title>Rush Street Interactive Inc</title>
        <cusip>782011100</cusip>
        <identifiers>
          <isin value="US7820111000"/>
          <ticker value="RSI"/>
        </identifiers>
        <balance>52498.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1330299.320000000000</valUSD>
        <pctVal>1.2295496091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Werner Enterprises Inc</name>
        <lei>549300P6XRGOCHHJST37</lei>
        <title>Werner Enterprises Inc</title>
        <cusip>950755108</cusip>
        <identifiers>
          <isin value="US9507551086"/>
          <ticker value="WERN"/>
        </identifiers>
        <balance>39277.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1630388.270000000000</valUSD>
        <pctVal>1.5069114371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Energy Services Reuni</name>
        <lei>N/A</lei>
        <title>National Energy Services Reunited Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="VGG6375R1073"/>
          <ticker value="NESR"/>
        </identifiers>
        <balance>20466.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>498347.100000000000</valUSD>
        <pctVal>0.4606049727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Transocean Ltd</name>
        <lei>529900QO4W5DQGBGEF32</lei>
        <title>Transocean Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0048265513"/>
          <ticker value="RIG"/>
        </identifiers>
        <balance>251339.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1555788.410000000000</valUSD>
        <pctVal>1.4379613690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FB Financial Corp</name>
        <lei>5493000B2LD2C2A6C435</lei>
        <title>FB Financial Corp</title>
        <cusip>30257X104</cusip>
        <identifiers>
          <isin value="US30257X1046"/>
          <ticker value="FBK"/>
        </identifiers>
        <balance>27003.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1422788.070000000000</valUSD>
        <pctVal>1.3150337589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gulfport Energy Corp</name>
        <lei>254900DJRGZBUZ3F5038</lei>
        <title>Gulfport Energy Corp</title>
        <cusip>402635502</cusip>
        <identifiers>
          <isin value="US4026355028"/>
          <ticker value="GPOR"/>
        </identifiers>
        <balance>7668.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1292748.120000000000</valUSD>
        <pctVal>1.1948423349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Constellium SE</name>
        <lei>724500KRJEMC79KAAU28</lei>
        <title>Constellium SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013467479"/>
          <ticker value="CSTM"/>
        </identifiers>
        <balance>58423.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2001571.980000000000</valUSD>
        <pctVal>1.8499836905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Herbalife Ltd</name>
        <lei>549300BA7TYPBSZZIA41</lei>
        <title>Herbalife Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG4412G1010"/>
          <ticker value="HLF"/>
        </identifiers>
        <balance>68413.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>818219.480000000000</valUSD>
        <pctVal>0.7562519402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-07-25</ncom:dateSigned>
      <ncom:nameOfApplicant>RBB Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>/s/ James G. Shaw</ncom:signature>
      <ncom:signerName>RBB Fund Trust</ncom:signerName>
      <ncom:title>CFO COO Secretary</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
