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	<ns1:proxyTable>
		<ns1:issuerName>BUNZL PLC</ns1:issuerName>
		<ns1:cusip>120738406</ns1:cusip>
		<ns1:isin>US1207384066</ns1:isin>
		<ns1:meetingDate>04/22/2026</ns1:meetingDate>
		<ns1:voteDescription>2026 AGM; APPROVE DIRECTOR RENUMERATION REPORT</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>114500</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>114500</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
		<ns1:voteManager>
			<ns1:otherManagers>
				<ns1:otherManager>0</ns1:otherManager>
			</ns1:otherManagers>
		</ns1:voteManager>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>QXO, INC.</ns1:issuerName>
		<ns1:cusip>82846H405</ns1:cusip>
		<ns1:isin>US82846H4056</ns1:isin>
		<ns1:meetingDate>05/05/2026</ns1:meetingDate>
		<ns1:voteDescription>2026 ANNUAL MEETING; ADVISORY APPROVAL OF EXECUTIVE COMPENSATION</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>131457</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>ABSTAIN</ns1:howVoted>
				<ns1:sharesVoted>131457</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
		<ns1:voteManager>
			<ns1:otherManagers>
				<ns1:otherManager>0</ns1:otherManager>
			</ns1:otherManagers>
		</ns1:voteManager>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>TYLER TECHNOLOGIES, INC.</ns1:issuerName>
		<ns1:cusip>902252105</ns1:cusip>
		<ns1:isin>US9022521051</ns1:isin>
		<ns1:meetingDate>05/05/2026</ns1:meetingDate>
		<ns1:voteDescription>2026 ANNUAL MEETING; ADVISORY APPROVAL OF EXECUTIVE COMPENSATION</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>15272</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>ABSTAIN</ns1:howVoted>
				<ns1:sharesVoted>15272</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
		<ns1:voteManager>
			<ns1:otherManagers>
				<ns1:otherManager>0</ns1:otherManager>
			</ns1:otherManagers>
		</ns1:voteManager>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>AVANTOR, INC.</ns1:issuerName>
		<ns1:cusip>05352A100</ns1:cusip>
		<ns1:isin>US05352A1007</ns1:isin>
		<ns1:meetingDate>05/07/2026</ns1:meetingDate>
		<ns1:voteDescription>2026 ANNUAL MEETING; FREQUENCY OF ADVISORY VOTES ON EXECUTIVE COMPENSATION</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>354523</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>1 YEAR</ns1:howVoted>
				<ns1:sharesVoted>354523</ns1:sharesVoted>
				<ns1:managementRecommendation>NONE</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
		<ns1:voteManager>
			<ns1:otherManagers>
				<ns1:otherManager>0</ns1:otherManager>
			</ns1:otherManagers>
		</ns1:voteManager>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>AVANTOR, INC.</ns1:issuerName>
		<ns1:cusip>05352A100</ns1:cusip>
		<ns1:isin>US05352A1007</ns1:isin>
		<ns1:meetingDate>05/07/2026</ns1:meetingDate>
		<ns1:voteDescription>2026 ANNUAL MEETING; ADVISORY APPROVAL OF NEO COMPENSATION</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>354523</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>ABSTAIN</ns1:howVoted>
				<ns1:sharesVoted>354523</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
		<ns1:voteManager>
			<ns1:otherManagers>
				<ns1:otherManager>0</ns1:otherManager>
			</ns1:otherManagers>
		</ns1:voteManager>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>PHILLIPS 66</ns1:issuerName>
		<ns1:cusip>718546104</ns1:cusip>
		<ns1:isin>US7185461040</ns1:isin>
		<ns1:meetingDate>05/13/2026</ns1:meetingDate>
		<ns1:voteDescription>2026 ANNUAL MEETING; ADVISORY APPROVAL OF EXECUTIVE COMPENSATION</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>22349</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>ABSTAIN</ns1:howVoted>
				<ns1:sharesVoted>22349</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
		<ns1:voteManager>
			<ns1:otherManagers>
				<ns1:otherManager>0</ns1:otherManager>
			</ns1:otherManagers>
		</ns1:voteManager>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>SPIRAX GROUP PLC</ns1:issuerName>
		<ns1:cusip>84857N107</ns1:cusip>
		<ns1:isin>US84857N1072</ns1:isin>
		<ns1:meetingDate>05/13/2026</ns1:meetingDate>
		<ns1:voteDescription>2026 AGM; APPROVE RENUMERATION POLICY</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>39222</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>ABSTAIN</ns1:howVoted>
				<ns1:sharesVoted>39222</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
		<ns1:voteManager>
			<ns1:otherManagers>
				<ns1:otherManager>0</ns1:otherManager>
			</ns1:otherManagers>
		</ns1:voteManager>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>SPIRAX GROUP PLC</ns1:issuerName>
		<ns1:cusip>84857N107</ns1:cusip>
		<ns1:isin>US84857N1072</ns1:isin>
		<ns1:meetingDate>05/13/2026</ns1:meetingDate>
		<ns1:voteDescription>2026 AGM; APPROVE SHARE AWARD PLAN RULES AND ALLOW FURTHER PLANS</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>39222</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>ABSTAIN</ns1:howVoted>
				<ns1:sharesVoted>39222</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
		<ns1:voteManager>
			<ns1:otherManagers>
				<ns1:otherManager>0</ns1:otherManager>
			</ns1:otherManagers>
		</ns1:voteManager>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>DISTRIBUTION SOLUTIONS GROUP, INC.</ns1:issuerName>
		<ns1:cusip>520776105</ns1:cusip>
		<ns1:isin>US5207761058</ns1:isin>
		<ns1:meetingDate>05/14/2026</ns1:meetingDate>
		<ns1:voteDescription>2026 ANNUAL MEETING; APPROVAL OF EQUITY COMPENSATION PLAN</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>228929</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>ABSTAIN</ns1:howVoted>
				<ns1:sharesVoted>228929</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
		<ns1:voteManager>
			<ns1:otherManagers>
				<ns1:otherManager>0</ns1:otherManager>
			</ns1:otherManagers>
		</ns1:voteManager>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>DISTRIBUTION SOLUTIONS GROUP, INC.</ns1:issuerName>
		<ns1:cusip>520776105</ns1:cusip>
		<ns1:isin>US5207761058</ns1:isin>
		<ns1:meetingDate>05/14/2026</ns1:meetingDate>
		<ns1:voteDescription>2026 ANNUAL MEETING; ADVISORY APPROVAL OF NEO COMPENSATION</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>228929</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>ABSTAIN</ns1:howVoted>
				<ns1:sharesVoted>228929</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
		<ns1:voteManager>
			<ns1:otherManagers>
				<ns1:otherManager>0</ns1:otherManager>
			</ns1:otherManagers>
		</ns1:voteManager>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>WESTLAKE CORPORATION</ns1:issuerName>
		<ns1:cusip>960413102</ns1:cusip>
		<ns1:isin>US9604131022</ns1:isin>
		<ns1:meetingDate>05/14/2026</ns1:meetingDate>
		<ns1:voteDescription>2026 ANNUAL MEETING; ADVISORY APPROVAL OF NEO COMPENSATION</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>74217</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>ABSTAIN</ns1:howVoted>
				<ns1:sharesVoted>74217</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
		<ns1:voteManager>
			<ns1:otherManagers>
				<ns1:otherManager>0</ns1:otherManager>
			</ns1:otherManagers>
		</ns1:voteManager>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>XPO, INC.</ns1:issuerName>
		<ns1:cusip>983793100</ns1:cusip>
		<ns1:isin>US9837931008</ns1:isin>
		<ns1:meetingDate>05/19/2026</ns1:meetingDate>
		<ns1:voteDescription>2026 ANNUAL MEETING; ADVISORY APPROVAL OF EXECUTIVE COMPENSATION</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>37907</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>ABSTAIN</ns1:howVoted>
				<ns1:sharesVoted>37907</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
		<ns1:voteManager>
			<ns1:otherManagers>
				<ns1:otherManager>0</ns1:otherManager>
			</ns1:otherManagers>
		</ns1:voteManager>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>GXO LOGISTICS, INC.</ns1:issuerName>
		<ns1:cusip>36262G101</ns1:cusip>
		<ns1:isin>US36262G1013</ns1:isin>
		<ns1:meetingDate>05/20/2026</ns1:meetingDate>
		<ns1:voteDescription>2026 ANNUAL MEETING; ADVISORY APPROVAL OF NEO COMPENSATION</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>208462</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>ABSTAIN</ns1:howVoted>
				<ns1:sharesVoted>208462</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
		<ns1:voteManager>
			<ns1:otherManagers>
				<ns1:otherManager>0</ns1:otherManager>
			</ns1:otherManagers>
		</ns1:voteManager>
	</ns1:proxyTable>
</ns1:proxyVoteTable>
