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      <invstOrSec>
        <name>ABIVAX SA</name>
        <lei>969500D8TMNB184OJU95</lei>
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        <cusip>00370M103</cusip>
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          <isin value="US00370M1036"/>
          <ticker value="ABVX"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VEON LTD</name>
        <lei>5493008CA3NMHYEVT131</lei>
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        <identifiers>
          <isin value="US91822M5022"/>
          <ticker value="VEON"/>
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        <balance>3040.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>158718.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIVERSAL ENTERTAINMENT CORP</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3126130008"/>
          <ticker value="6425"/>
          <other otherDesc="SEDOL" value="6126892"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KINDER MORGAN INC</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>KINDER MORGAN INC COM</title>
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          <isin value="US49456B1017"/>
          <ticker value="KMI"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WEIR GROUP PLC (THE)</name>
        <lei>549300KDR56WHY9I3D10</lei>
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          <isin value="GB0009465807"/>
          <ticker value="WEIR"/>
          <other otherDesc="SEDOL" value="0946580"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NVENT ELECTRIC PLC</name>
        <lei>N/A</lei>
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          <isin value="IE00BDVJJQ56"/>
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        <balance>17500.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANOFI SA</name>
        <lei>549300E9PC51EN656011</lei>
        <title>SANOFI SA EUR2</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000120578"/>
          <ticker value="SAN"/>
          <other otherDesc="SEDOL" value="5671735"/>
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        <balance>2100.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PNC FINANCIAL SERVICES GROUP INC (THE)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC FINANCIAL SERVICES GROUP INC (THE) COM</title>
        <cusip>693475105</cusip>
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          <isin value="US6934751057"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4924400.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DAIMLER TRUCK HOLDING AG</name>
        <lei>529900PW78JIYOUBSR24</lei>
        <title>DAIMLER TRUCK HOLDING AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000DTR0CK8"/>
          <ticker value="DTG"/>
          <other otherDesc="SEDOL" value="BP6VLQ4"/>
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        <balance>19600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENERGIZER HOLDINGS INC</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>ENERGIZER HOLDINGS INC COM</title>
        <cusip>29272W109</cusip>
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          <isin value="US29272W1099"/>
          <ticker value="ENR"/>
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        <balance>109000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2336960.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FLUTTER ENTERTAINMENT PLC</name>
        <lei>635400EG4YIJLJMZJ782</lei>
        <title>FLUTTER ENTERTAINMENT PLC ORD EUR0.09 (DI)</title>
        <cusip>000000000</cusip>
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          <isin value="IE00BWT6H894"/>
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          <other otherDesc="SEDOL" value="BWZMZF4"/>
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        <balance>5800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>592586.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABBVIE INC</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC COM</title>
        <cusip>00287Y109</cusip>
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          <isin value="US00287Y1091"/>
          <ticker value="ABBV"/>
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        <curCd>USD</curCd>
        <valUSD>37746.00000000</valUSD>
        <pctVal>0.001850643458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AJINOMOTO (JAPAN) COMPANY INC</name>
        <lei>353800UT0TLROREPIC92</lei>
        <title>AJINOMOTO (JAPAN) COMPANY INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3119600009"/>
          <ticker value="2802"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <name>T. ROWE PRICE GROUP INC</name>
        <lei>549300SIV6FPS9Y7IH33</lei>
        <title>T. ROWE PRICE GROUP INC COM</title>
        <cusip>74144T108</cusip>
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          <isin value="US74144T1088"/>
          <ticker value="TROW"/>
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        <balance>58500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6650865.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>ENTERPRISE PRODUCTS PARTNERS LP</name>
        <lei>K4CDIF4M54DJZ6TB4Q48</lei>
        <title>ENTERPRISE PRODUCTS PARTNERS LP COM</title>
        <cusip>293792107</cusip>
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          <isin value="US2937921078"/>
          <ticker value="EPD"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>ROGERS COMMUNICATIONS INC</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>ROGERS COMMUNICATIONS INC CL B</title>
        <cusip>775109200</cusip>
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          <isin value="CA7751092007"/>
          <ticker value="RCI"/>
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        <curCd>USD</curCd>
        <valUSD>14365000.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <name>VENTURE GLOBAL INC</name>
        <lei>2549007XC91CAB3E0N98</lei>
        <title>VENTURE GLOBAL INC COM CL A</title>
        <cusip>92333F101</cusip>
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          <ticker value="VG"/>
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        <name>BERKSHIRE HATHAWAY INC</name>
        <lei>5493000C01ZX7D35SD85</lei>
        <title>BERKSHIRE HATHAWAY INC CL B NEW</title>
        <cusip>084670702</cusip>
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        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TRUIST FINANCIAL CORP COM</title>
        <cusip>89832Q109</cusip>
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          <ticker value="TFC"/>
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        <name>JARDINE MATHESON HOLDINGS LTD</name>
        <lei>2138009KENVUNWOLPK41</lei>
        <title>JARDINE MATHESON HOLDINGS LTD USD0.25(SINGAPORE REG)</title>
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          <ticker value="JM"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>LIBERTY LATIN AMERICA LTD</name>
        <lei>213800YWQHEAX7CAVO83</lei>
        <title>LIBERTY LATIN AMERICA LTD COM USD0.01 CL A</title>
        <cusip>000000000</cusip>
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          <ticker value="LILA"/>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>SUNRISE COMMUNICATIONS AG</name>
        <lei>213800RS9HRGTWOGCO08</lei>
        <title>SUNRISE COMMUNICATIONS AG CHF0.1 A</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>API GROUP CORP</name>
        <lei>213800NZT1VX6PZ7BT53</lei>
        <title>API GROUP CORP COM STK</title>
        <cusip>00187Y100</cusip>
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          <isin value="US00187Y1001"/>
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        <name>HARMONIC INC</name>
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      <invstOrSec>
        <name>TE CONNECTIVITY PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>AGNICO EAGLE MINES LTD</name>
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        <name>STRYKER CORP</name>
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        <name>UNITED RENTALS INC</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PARK-OHIO HOLDINGS CORP</name>
        <lei>N/A</lei>
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        <name>AMERICAN WATER WORKS COMPANY INC</name>
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        <name>ECHOSTAR CORP</name>
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        <name>CAPGEMINI SE</name>
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        <name>LIBERTY BROADBAND CORP</name>
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        <name>TORO COMPANY</name>
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        <name>COMPAGNIE DE SAINT-GOBAIN SA</name>
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        <name>GENIUS SPORTS LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>APPLIED MATERIALS INC</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
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        <name>PARKER-HANNIFIN CORP</name>
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        <name>HAVAS NV</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>LOWE'S COMPANIES INC</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>LOWE'S COMPANIES INC COM</title>
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        <name>INGREDION INC</name>
        <lei>PKSTQ48QDN0XSVS7YK88</lei>
        <title>INGREDION INC COM</title>
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        <name>GEN DIGITAL INC</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
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        <name>TANDEM DIABETES CARE INC</name>
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        <title>TANDEM DIABETES CARE INC COM NEW</title>
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        <name>LVMH MOET HENNESSY LOUIS VUITTON SE</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
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        <name>Zosano Pharma Corp</name>
        <lei>5493006NX8EN835MNW49</lei>
        <title>Zosano Pharma Corp</title>
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        <name>J.M. SMUCKER COMPANY (THE)</name>
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        <name>MACY'S INC</name>
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      <invstOrSec>
        <name>KNIFE RIVER CORP</name>
        <lei>N/A</lei>
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        <name>INCYTE CORP</name>
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      <invstOrSec>
        <name>AMRIZE AG</name>
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        <name>CHRISTIAN DIOR SE</name>
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        <name>CHARTER COMMUNICATIONS INC</name>
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        <name>MERCEDES-BENZ GROUP AG</name>
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        <name>WATERS CORP</name>
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        <name>XPLR INFRASTRUCTURE LP</name>
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        <name>MICROSOFT CORP</name>
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        <name>BP PLC</name>
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        <name>INNOVATIVE SOLUTIONS AND SUPPORT INC</name>
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        <name>DIGITALBRIDGE GROUP INC</name>
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        <name>FERRARI GROUP PLC</name>
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        <name>SILVERCREST ASSET MANAGEMENT GROUP INC</name>
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        <name>MILLICOM INTERNATIONAL CELLULAR SA</name>
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        <name>ATN INTERNATIONAL INC</name>
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        <name>FORTINET INC</name>
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        <name>ENOVIS CORP</name>
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        <name>GLOBUS MEDICAL INC</name>
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        <title>GLOBUS MEDICAL INC CL A</title>
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        <name>VIVENDI SE</name>
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        <name>TAKE-TWO INTERACTIVE SOFTWARE INC</name>
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      <invstOrSec>
        <name>SEMPRA</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>SHAKE SHACK INC</name>
        <lei>529900J74GJAHYP80N79</lei>
        <title>SHAKE SHACK INC CL A</title>
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      <invstOrSec>
        <name>ATLANTA BRAVES HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>ATLANTA BRAVES HOLDINGS INC COM SER A</title>
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      <invstOrSec>
        <name>HENSOLDT AG</name>
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        <invCountry>DE</invCountry>
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      <invstOrSec>
        <name>GRAHAM HOLDINGS CO</name>
        <lei>529900BOSCEEEMAFQJ29</lei>
        <title>GRAHAM HOLDINGS CO COM CL B</title>
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          <isin value="US3846371041"/>
          <ticker value="GHC"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASTERCARD INC</name>
        <lei>AR5L2ODV9HN37376R084</lei>
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          <isin value="US57636Q1040"/>
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        <balance>86000.00000000</balance>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NLIGHT INC</name>
        <lei>N/A</lei>
        <title>NLIGHT INC COM</title>
        <cusip>65487K100</cusip>
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          <isin value="US65487K1007"/>
          <ticker value="LASR"/>
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        <balance>3000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LAM RESEARCH CORP</name>
        <lei>549300I4GMO6D34U1T02</lei>
        <title>LAM RESEARCH CORP COM NEW</title>
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          <isin value="US5128073062"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SIMON PROPERTY GROUP INC</name>
        <lei>529900GQL5X8H7AO3T64</lei>
        <title>SIMON PROPERTY GROUP INC COM</title>
        <cusip>828806109</cusip>
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          <ticker value="SPG"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OPERADORA DE SITES MEXICANOS SAB DE CV</name>
        <lei>4469000001BRCBO8VP14</lei>
        <title>OPERADORA DE SITES MEXICANOS SAB DE CV COM NPV A-1</title>
        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>ARDAGH METAL PACKAGING SA</name>
        <lei>5493009WKQTU4FN9G032</lei>
        <title>ARDAGH METAL PACKAGING SA SHS</title>
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        <assetCat>EC</assetCat>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>TBS HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>TBS HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3588600001"/>
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        <name>KINNEVIK AB</name>
        <lei>2138006PZH76JOS6MN27</lei>
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        <name>NEOSTELLAR CAPITAL CORP</name>
        <lei>549300YR4IAV0VJFWN84</lei>
        <title>SURO CAPITAL CORP COM NEW</title>
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        <issuerCat>RF</issuerCat>
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      <invstOrSec>
        <name>INDIVIOR PHARMACEUTICALS INC</name>
        <lei>N/A</lei>
        <title>INDIVIOR PHARMACEUTICALS INC COM</title>
        <cusip>45579U109</cusip>
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          <ticker value="2624324D"/>
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        <name>SENSIENT TECHNOLOGIES CORP</name>
        <lei>CMMZHMFZQG86EI7WZU92</lei>
        <title>SENSIENT TECHNOLOGIES CORP COM</title>
        <cusip>81725T100</cusip>
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          <ticker value="SXT"/>
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      <invstOrSec>
        <name>APTIV PLC</name>
        <lei>254900HTTDFIJZ32GX53</lei>
        <title>APTIV PLC COM SHS</title>
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        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>DANA INC</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
        <title>DANA INC COM</title>
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        <name>XEROX HOLDINGS CORP</name>
        <lei>5493000Y33XDVO2CXC18</lei>
        <title>XEROX HOLDINGS CORP WT EXP 021128</title>
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        <name>HOWARD HUGHES HOLDINGS INC</name>
        <lei>254900TY494BHXIU6M60</lei>
        <title>HOWARD HUGHES HOLDINGS INC COM</title>
        <cusip>44267T102</cusip>
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          <ticker value="HHH"/>
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        <name>TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD SPONSORED ADS</title>
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          <ticker value="TSM"/>
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        <invCountry>TW</invCountry>
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      <invstOrSec>
        <name>CASEY'S GENERAL STORES INC</name>
        <lei>549300CAFWSI86V66Q65</lei>
        <title>CASEY'S GENERAL STORES INC COM</title>
        <cusip>147528103</cusip>
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          <isin value="US1475281036"/>
          <ticker value="CASY"/>
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        <balance>7649.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Television Broadcasts Ltd</name>
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        <name>OTE-HELLENIC TELECOMMUNICATION ORGANIZATIONS SA</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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      <invstOrSec>
        <name>OCEANEERING INTERNATIONAL INC</name>
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        <name>MONRO INC</name>
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        <name>E.W. SCRIPPS COMPANY (THE)</name>
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        <name>EVERGY INC</name>
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        <name>AMERICAN EXPRESS COMPANY</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <name>VODAFONE GROUP PLC</name>
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        <name>UNITEDHEALTH GROUP INC</name>
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        <name>WALMART INC</name>
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        <name>CITIGROUP INC</name>
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        <name>UNIVERSAL DISPLAY CORP</name>
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        <name>KIMBERLY CLARK CORP</name>
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        <name>ASSA ABLOY AB</name>
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        <name>Canfor Corp</name>
        <lei>549300DRE7WBHY02BD70</lei>
        <title>Canfor Corp</title>
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        <name>Central and Eastern Europe Fund Inc</name>
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        <name>Nobility Homes Inc</name>
        <lei>N/A</lei>
        <title>Nobility Homes Inc</title>
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      </invstOrSec>
      <invstOrSec>
        <name>SINCLAIR INC</name>
        <lei>N/A</lei>
        <title>SINCLAIR INC CL A</title>
        <cusip>829242106</cusip>
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          <isin value="US8292421067"/>
          <ticker value="SBGI"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1567500.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>AMENTUM HOLDINGS INC</name>
        <lei>2549009FJIBLW40CU216</lei>
        <title>AMENTUM HOLDINGS INC COM</title>
        <cusip>023939101</cusip>
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          <isin value="US0239391016"/>
          <ticker value="AMTM"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>620100.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INGERSOLL RAND INC</name>
        <lei>5299004C02FMZCUOIR50</lei>
        <title>INGERSOLL RAND INC COM</title>
        <cusip>45687V106</cusip>
        <identifiers>
          <isin value="US45687V1061"/>
          <ticker value="IR"/>
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        <balance>28000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2295720.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CIGNA GROUP (THE)</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>CIGNA GROUP (THE) COM</title>
        <cusip>125523100</cusip>
        <identifiers>
          <isin value="US1255231003"/>
          <ticker value="CI"/>
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        <balance>2000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>551360.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRIDGEPOINT GROUP PLC</name>
        <lei>213800KFNMVI8PDZX472</lei>
        <title>BRIDGEPOINT GROUP PLC ORD GBP0.00005</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BND88V85"/>
          <ticker value="BPT"/>
          <other otherDesc="SEDOL" value="BND88V8"/>
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        <balance>52000.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75389197"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GENTING SINGAPORE LTD</name>
        <lei>254900Y2N3AK93K1O866</lei>
        <title>GENTING SINGAPORE LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SGXE21576413"/>
          <ticker value="GENS"/>
          <other otherDesc="SEDOL" value="BDRTVP2"/>
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        <balance>90000.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29375000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ZOETIS INC</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>ZOETIS INC CL A</title>
        <cusip>98978V103</cusip>
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          <isin value="US98978V1035"/>
          <ticker value="ZTS"/>
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        <balance>5500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>395230.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>A10 NETWORKS INC</name>
        <lei>549300UQD4IWUML81Q35</lei>
        <title>A10 NETWORKS INC COM</title>
        <cusip>002121101</cusip>
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          <isin value="US0021211018"/>
          <ticker value="ATEN"/>
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        <balance>4000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149440.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>3M COMPANY</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
        <title>3M COMPANY COM</title>
        <cusip>88579Y101</cusip>
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          <isin value="US88579Y1010"/>
          <ticker value="MMM"/>
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        <balance>3000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>485730.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RPC INC</name>
        <lei>549300ZDXAFBC3SB4918</lei>
        <title>RPC INC COM</title>
        <cusip>749660106</cusip>
        <identifiers>
          <isin value="US7496601060"/>
          <ticker value="RES"/>
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        <balance>45000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>262350.00000000</valUSD>
        <pctVal>0.012862722174</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MILLROSE PROPERTIES INC</name>
        <lei>N/A</lei>
        <title>MILLROSE PROPERTIES INC</title>
        <cusip>601137201</cusip>
        <identifiers>
          <isin value="US6011372017"/>
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        <balance>1500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45075.00000000</valUSD>
        <pctVal>0.002209975994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MATERION CORP</name>
        <lei>549300CJ5RI351SUYT02</lei>
        <title>MATERION CORP COM</title>
        <cusip>576690101</cusip>
        <identifiers>
          <isin value="US5766901012"/>
          <ticker value="MTRN"/>
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        <balance>2000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>594780.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N-ABLE INC</name>
        <lei>N/A</lei>
        <title>N-ABLE INC COMMON STOCK</title>
        <cusip>62878D100</cusip>
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          <isin value="US62878D1000"/>
          <ticker value="NABL"/>
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        <balance>30400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111568.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHURCH &amp; DWIGHT CO INC</name>
        <lei>POOXSI30AWAQGYJZC921</lei>
        <title>CHURCH &amp; DWIGHT CO INC COM</title>
        <cusip>171340102</cusip>
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          <isin value="US1713401024"/>
          <ticker value="CHD"/>
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        <balance>26000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2518880.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NVIDIA CORP</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA CORP COM</title>
        <cusip>67066G104</cusip>
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          <isin value="US67066G1040"/>
          <ticker value="NVDA"/>
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        <balance>11940.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2389074.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMC GLOBAL MEDIA INC</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMCX 4.25 02/15/29 *</title>
        <cusip>00164VAJ2</cusip>
        <identifiers>
          <isin value="US00164VAJ26"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>213750.00000000</valUSD>
        <pctVal>0.010479919439</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
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            <dbtSecRefInstrument>
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              <title>AMC Global Media Inc</title>
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      <invstOrSec>
        <name>BAUSCH + LOMB CORP</name>
        <lei>549300NY6OZM39SO6475</lei>
        <title>BAUSCH + LOMB CORP COMMON SHARES</title>
        <cusip>071705107</cusip>
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          <isin value="CA0717051076"/>
          <ticker value="BLCO"/>
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        <balance>12000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>198720.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>GRUPO TELEVISA SAB</name>
        <lei>549300O4AF0C816ILN62</lei>
        <title>GRUPO TELEVISA SAB SPON ADR REP ORD</title>
        <cusip>40049J206</cusip>
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          <isin value="US40049J2069"/>
          <ticker value="TV"/>
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        <curCd>USD</curCd>
        <valUSD>4783150.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>MX</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bresler &amp; Reiner Inc</name>
        <lei>N/A</lei>
        <title>Bresler &amp; Reiner Inc</title>
        <cusip>107336109</cusip>
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          <isin value="US1073361099"/>
          <ticker value="BRER"/>
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        <balance>8000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8.80000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNILEVER PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>UNILEVER PLC ORD GBP0.035</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BVZK7T90"/>
          <ticker value="ULVR"/>
          <other otherDesc="SEDOL" value="BVZK7T9"/>
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        <balance>3804.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75389197"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>THALES SA</name>
        <lei>529900FNDVTQJOVVPZ19</lei>
        <title>THALES SA EUR3</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000121329"/>
          <ticker value="HO"/>
          <other otherDesc="SEDOL" value="4162791"/>
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        <balance>1500.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87519692"/>
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        <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>
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      <invstOrSec>
        <name>HEINEKEN NV</name>
        <lei>724500K5PTPSST86UQ23</lei>
        <title>HEINEKEN NV EUR1.60</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000009165"/>
          <ticker value="HEIA"/>
          <other otherDesc="SEDOL" value="7792559"/>
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        <balance>42550.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87519692"/>
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        <pctVal>0.175437899724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>NIAGEN BIOSCIENCE INC</name>
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      <invstOrSec>
        <name>KONINKLIJKE KPN NV</name>
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        <name>CREDIT AGRICOLE SA</name>
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        <name>Farmers &amp; Merchants Bank of Lo</name>
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      <invstOrSec>
        <name>ALBANY INTERNATIONAL CORP</name>
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        <name>LAMAR ADVERTISING COMPANY</name>
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        <name>Irenic Acquisition Corp</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>NEWS CORP</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PARSONS CORP</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CARRIER GLOBAL CORP</name>
        <lei>549300JE3W6CWY2NAN77</lei>
        <title>CARRIER GLOBAL CORP COM</title>
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        <name>TRUSTCO BANK CORP NY</name>
        <lei>N/A</lei>
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        <name>BLACKSTONE MORTGAGE TRUST INC</name>
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        <name>UGI CORP</name>
        <lei>DX6GCWD4Q1JO9CRE5I40</lei>
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        <name>BERKSHIRE HATHAWAY INC</name>
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        <name>MARSH &amp; MCLENNAN COMPANIES INC</name>
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        <name>NIQ GLOBAL INTELLIGENCE PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>QUIDELORTHO CORP</name>
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        <name>LIBERTY LIVE HOLDINGS INC</name>
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        <name>CNH INDUSTRIAL NV</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>PIAGGIO &amp; C. SPA</name>
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        <name>NATIONAL PRESTO INDUSTRIES INC</name>
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        <name>ITT INC</name>
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        <title>ITT INC COM</title>
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        <name>IDACORP INC</name>
        <lei>N134NUJDWN8UEFA8B673</lei>
        <title>IDACORP INC COM</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>O'REILLY AUTOMOTIVE INC</name>
        <lei>549300K2RLMQL149Q332</lei>
        <title>O'REILLY AUTOMOTIVE INC COM</title>
        <cusip>67103H107</cusip>
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          <isin value="US67103H1077"/>
          <ticker value="ORLY"/>
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        <balance>407750.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37549697.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>QNITY ELECTRONICS INC</name>
        <lei>254900RSUG4J9TFFZX53</lei>
        <title>QNITY ELECTRONICS INC COMMON STOCK</title>
        <cusip>74743L100</cusip>
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          <isin value="US74743L1008"/>
          <ticker value="Q-W"/>
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        <balance>12500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2041375.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLARKSON PLC</name>
        <lei>2138007G6BGTEHI3OT22</lei>
        <title>CLARKSON PLC ORD GBP0.25</title>
        <cusip>000000000</cusip>
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          <isin value="GB0002018363"/>
          <ticker value="CKN"/>
          <other otherDesc="SEDOL" value="0201836"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>I3 VERTICALS INC</name>
        <lei>549300944CYWVP06CJ97</lei>
        <title>I3 VERTICALS INC COM CL A</title>
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          <isin value="US46571Y1073"/>
          <ticker value="IIIV"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>320400.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROYCE SMALL-CAP TRUST INC</name>
        <lei>254900NJE1W1YYKNVM16</lei>
        <title>ROYCE SMALL-CAP TRUST INC COM</title>
        <cusip>780910105</cusip>
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          <isin value="US7809101055"/>
          <ticker value="RVT"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>646450.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROWN-FORMAN CORP</name>
        <lei>549300873K3LXF7ARU34</lei>
        <title>BROWN-FORMAN CORP CL A</title>
        <cusip>115637100</cusip>
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          <isin value="US1156371007"/>
          <ticker value="BF/A"/>
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        <balance>92800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2539008.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TIM SA (BRAZIL)</name>
        <lei>529900QI0CH1DN5ZCS77</lei>
        <title>TIM SA (BRAZIL) SPONSORED ADR</title>
        <cusip>88706T108</cusip>
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          <isin value="US88706T1088"/>
          <ticker value="TIMB"/>
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        <balance>46075.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>986926.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FREEPORT-MCMORAN INC</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>FREEPORT-MCMORAN INC CL B</title>
        <cusip>35671D857</cusip>
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          <isin value="US35671D8570"/>
          <ticker value="FCX"/>
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        <balance>83000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5219870.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DAH SING BANKING GROUP LTD</name>
        <lei>529900DXBMKJOLLQOM66</lei>
        <title>DAH SING BANKING GROUP LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="HK2356013600"/>
          <ticker value="2356"/>
          <other otherDesc="SEDOL" value="B01G0P1"/>
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        <balance>281100.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84285000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RECKITT BENCKISER GROUP PLC</name>
        <lei>5493003JFSMOJG48V108</lei>
        <title>RECKITT BENCKISER GROUP PLC ORD GBP0.1041666666666667</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BSZBP530"/>
          <ticker value="RKT"/>
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        <balance>47520.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRAHAM CORP</name>
        <lei>254900EI9P4LTY524J77</lei>
        <title>GRAHAM CORP COM</title>
        <cusip>384556106</cusip>
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          <isin value="US3845561063"/>
          <ticker value="GHM"/>
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        <balance>1000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>123790.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GRAY MEDIA INC</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>GRAY MEDIA INC COM</title>
        <cusip>389375106</cusip>
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          <isin value="US3893751061"/>
          <ticker value="GTN"/>
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        <balance>16000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>63520.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MERCURY SYSTEMS INC</name>
        <lei>549300P3B84SGK7HH679</lei>
        <title>MERCURY SYSTEMS INC COM</title>
        <cusip>589378108</cusip>
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          <isin value="US5893781089"/>
          <ticker value="MRCY"/>
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        <balance>7000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>856310.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HCA HEALTHCARE INC</name>
        <lei>529900PH4ZGUH2MNEU89</lei>
        <title>HCA HEALTHCARE INC COM</title>
        <cusip>40412C101</cusip>
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          <isin value="US40412C1018"/>
          <ticker value="HCA"/>
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        <balance>100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38989.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW HOPE CORP LTD</name>
        <lei>254900DHRUGXZSLSNZ83</lei>
        <title>NEW HOPE CORP LTD NPV</title>
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          <isin value="AU000000NHC7"/>
          <ticker value="NHC"/>
          <other otherDesc="SEDOL" value="6681960"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>ALLY FINANCIAL INC</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>ALLY FINANCIAL INC COM</title>
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          <isin value="US02005N1000"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <name>NOVARTIS AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>NOVARTIS AG SPONSORED ADR</title>
        <cusip>66987V109</cusip>
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          <ticker value="NVS"/>
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        <curCd>USD</curCd>
        <valUSD>10265160.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <name>GRUPO BIMBO SAB DE CV</name>
        <lei>5493000RIXURZEBFEV60</lei>
        <title>GRUPO BIMBO SAB DE CV SER'A'NPV</title>
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          <isin value="MXP495211262"/>
          <ticker value="BIMBOA"/>
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        <invCountry>MX</invCountry>
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      <invstOrSec>
        <name>KARMAN HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>KARMAN HOLDINGS INC COMMON STOCK</title>
        <cusip>485924104</cusip>
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          <isin value="US4859241048"/>
          <ticker value="KRMN"/>
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        <balance>200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9984.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CORP</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>CAPITAL ONE FINANCIAL CORP COM</title>
        <cusip>14040H105</cusip>
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          <isin value="US14040H1059"/>
          <ticker value="COF"/>
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        <balance>3190.00000000</balance>
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        <curCd>USD</curCd>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JAPAN POST BANK CO LTD</name>
        <lei>5493006JVO6N2HC2XZ76</lei>
        <title>JAPAN POST BANK CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3946750001"/>
          <ticker value="7182"/>
          <other otherDesc="SEDOL" value="BYT8165"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IDEX CORP</name>
        <lei>549300U5Y5EL6PHYLF13</lei>
        <title>IDEX CORP COM</title>
        <cusip>45167R104</cusip>
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          <isin value="US45167R1041"/>
          <ticker value="IEX"/>
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        <balance>95400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21651030.00000000</valUSD>
        <pctVal>1.061525380935</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>
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      </invstOrSec>
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        <name>SOUTHWEST GAS HOLDINGS INC</name>
        <lei>254900LKF9EV0CUKNE09</lei>
        <title>SOUTHWEST GAS HOLDINGS INC COM</title>
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      <invstOrSec>
        <name>HILTON WORLDWIDE HOLDINGS INC</name>
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        <name>TIPTREE INC</name>
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      <invstOrSec>
        <name>ATLANTA BRAVES HOLDINGS INC</name>
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        <name>FIRST CITIZENS BANCSHARES INC</name>
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      <invstOrSec>
        <name>HP INC</name>
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        <name>BANK OF EAST ASIA LTD (THE)</name>
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      <invstOrSec>
        <name>UBER TECHNOLOGIES INC</name>
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        <name>CORNING INC</name>
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        <name>LAS VEGAS SANDS CORP</name>
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      <invstOrSec>
        <name>FRANKLIN ELECTRIC CO INC</name>
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        <name>PEPSICO INC</name>
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        <name>DIAGEO PLC</name>
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        <name>RESIDEO TECHNOLOGIES INC</name>
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        <name>HENRY SCHEIN INC</name>
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        <name>RAPID7 INC</name>
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        <name>TEMENOS AG</name>
        <lei>5067007NW6550481FH64</lei>
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        <name>AMERICA MOVIL SAB DE CV</name>
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        <title>AMERICA MOVIL SAB DE CV SPON ADS RP CL B</title>
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        <name>LOCKHEED MARTIN CORP</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
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        <name>SK HYNIX INC</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK HYNIX INC KRW5000</title>
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        <name>PORTLAND GENERAL ELECTRIC COMPANY</name>
        <lei>GJOUP9M7C39GLSK9R870</lei>
        <title>PORTLAND GENERAL ELECTRIC COMPANY COM NEW</title>
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        <name>TRINITY INDUSTRIES INC</name>
        <lei>R1JB4KXN77XFCXOQKV49</lei>
        <title>TRINITY INDUSTRIES INC COM</title>
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          <ticker value="TRN"/>
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        <name>TOOTSIE ROLL INDUSTRIES INC</name>
        <lei>529900SBKOV9XX4M4Q35</lei>
        <title>TOOTSIE ROLL INDUSTRIES INC COM</title>
        <cusip>890516107</cusip>
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          <ticker value="TR"/>
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        <balance>43260.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>ROPER TECHNOLOGIES INC</name>
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          <isin value="US7766961061"/>
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      <invstOrSec>
        <name>KRAFT HEINZ COMPANY (THE)</name>
        <lei>9845007488EC87F5AF14</lei>
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      <invstOrSec>
        <name>HEWLETT PACKARD ENTERPRISE COMPANY</name>
        <lei>549300BX44RGX6ANDV88</lei>
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          <ticker value="HPE"/>
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      <invstOrSec>
        <name>PROTO LABS INC</name>
        <lei>529900QHG5MGWT2WQQ09</lei>
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          <isin value="US7437131094"/>
          <ticker value="PRLB"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESTAIM CORP (THE)</name>
        <lei>549300TSCVMK1W6GSK84</lei>
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          <isin value="US9569251013"/>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>BANCO SANTANDER SA</name>
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        <title>BANCO SANTANDER SA ADR</title>
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          <isin value="US05964H1059"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SLB LTD</name>
        <lei>213800ZUA17OK3QLGM62</lei>
        <title>SLB LTD COM STK</title>
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          <isin value="AN8068571086"/>
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        <curCd>USD</curCd>
        <valUSD>5067410.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CW</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DEERE &amp; COMPANY</name>
        <lei>PWFTNG3EI0Y73OXWDH08</lei>
        <title>DEERE &amp; COMPANY COM</title>
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          <isin value="US2441991054"/>
          <ticker value="DE"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BARRICK MINING CORP</name>
        <lei>0O4KBQCJZX82UKGCBV73</lei>
        <title>BARRICK MINING CORP COM SHS</title>
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          <isin value="CA06849F1080"/>
          <ticker value="B"/>
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        <curCd>USD</curCd>
        <valUSD>1285550.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRIGHTSTAR LOTTERY PLC</name>
        <lei>549300UQ6KHRCZDRGZ76</lei>
        <title>BRIGHTSTAR LOTTERY PLC USD0.00015625</title>
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          <isin value="GB00BVG7F061"/>
          <ticker value="BRSL"/>
          <other otherDesc="SEDOL" value="BVG7F06"/>
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        <balance>121000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1297120.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SMITH &amp; NEPHEW PLC</name>
        <lei>213800ZTMDN8S67S1H61</lei>
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        <cusip>000000000</cusip>
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          <isin value="GB0009223206"/>
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        <invCountry>GB</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>APPLE INC</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC COM</title>
        <cusip>037833100</cusip>
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          <isin value="US0378331005"/>
          <ticker value="AAPL"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GPGI INC</name>
        <lei>N/A</lei>
        <title>GPGI INC COM CL A</title>
        <cusip>20459V105</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>ANTERIX INC</name>
        <lei>549300QIX2QHFGIEQG40</lei>
        <title>ANTERIX INC COM</title>
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          <isin value="US03676C1009"/>
          <ticker value="ATEX"/>
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        <curCd>USD</curCd>
        <valUSD>1852920.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <name>FERRARI NV</name>
        <lei>549300RIVY5EX8RCON76</lei>
        <title>FERRARI NV COM EUR0.01</title>
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          <ticker value="RACE"/>
          <other otherDesc="SEDOL" value="BZ1GMK5"/>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>KKR &amp; CO. INC</name>
        <lei>54930013V5I303TF9571</lei>
        <title>KKR &amp; CO. INC COM</title>
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        <assetCat>EC</assetCat>
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        <name>CYTOKINETICS INC</name>
        <lei>549300BE5DY1HW7IHA64</lei>
        <title>CYTOKINETICS INC COM NEW</title>
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        <name>SIEMENS AG</name>
        <lei>W38RGI023J3WT1HWRP32</lei>
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        <name>FMC CORP</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
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        <assetCat>EC</assetCat>
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        <name>STRATASYS LTD</name>
        <lei>529900MU215GIP9SZ741</lei>
        <title>STRATASYS LTD COM USD0.01</title>
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        <invCountry>IL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>WYNN RESORTS LTD</name>
        <lei>254900CEKKWIHTEAB172</lei>
        <title>WYNN RESORTS LTD COM</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>LIBERTY GLOBAL LTD</name>
        <lei>213800HRMKKTYH7SKA24</lei>
        <title>LIBERTY GLOBAL LTD COM CL C</title>
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          <ticker value="LBTYK"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>CHUBB LTD (SWITZERLAND)</name>
        <lei>E0JAN6VLUDI1HITHT809</lei>
        <title>CHUBB LTD (SWITZERLAND) ORD CHF24.15</title>
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          <isin value="CH0044328745"/>
          <ticker value="CB"/>
          <other otherDesc="SEDOL" value="B3BQMF6"/>
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        <curCd>USD</curCd>
        <valUSD>68148.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>CISCO SYSTEMS INC</name>
        <lei>549300LKFJ962MZ46593</lei>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MGM CHINA HOLDINGS LTD</name>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>EQT CORP</name>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRITISH AMERICAN TOBACCO PLC</name>
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        <name>KONINKLIJKE PHILIPS NV</name>
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      <invstOrSec>
        <name>MARATHON PETROLEUM CORP</name>
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      <invstOrSec>
        <name>VULCAN MATERIALS COMPANY</name>
        <lei>549300Q8LSNHAVWBNI21</lei>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>VITESSE ENERGY INC</name>
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        <name>TORAY INDUSTRIES INC</name>
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        <name>MARTIN MARIETTA MATERIALS INC</name>
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        <title>MARTIN MARIETTA MATERIALS INC COM</title>
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          <ticker value="MLM"/>
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        <name>SHIN-ETSU CHEMICAL COMPANY LTD</name>
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        <invCountry>JP</invCountry>
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        <name>PAR TECHNOLOGY CORP</name>
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        <title>PAR TECHNOLOGY CORP COM</title>
        <cusip>698884103</cusip>
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        <name>GE VERNOVA INC</name>
        <lei>254900DP080RU6OK2553</lei>
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        <name>AXIS CAPITAL HOLDINGS LTD</name>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>TRAVEL PLUS LEISURE COMPANY</name>
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        <name>EATON CORP PLC</name>
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          <ticker value="ETN"/>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>PACCAR INC</name>
        <lei>KDTEY8BWE486IKZ3CC07</lei>
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        <name>BELLRING BRANDS INC</name>
        <lei>549300S3BOK5CMTS8054</lei>
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        <name>BELL CANADA ENTERPRISES INC</name>
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        <title>BELL CANADA ENTERPRISES INC COM NEW</title>
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          <ticker value="BCE"/>
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        <name>WALT DISNEY COMPANY (THE)</name>
        <lei>549300GZKULIZ0WOW665</lei>
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        <name>LENNAR CORP</name>
        <lei>529900G61XVRLX5TJX09</lei>
        <title>LENNAR CORP CL B</title>
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        <name>TELEFONICA BRASIL SA</name>
        <lei>529900MTGG2HSDBIWG79</lei>
        <title>TELEFONICA BRASIL SA SPONSORED ADS</title>
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          <ticker value="VIV"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>
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        <name>HARLEY-DAVIDSON INC</name>
        <lei>ZDNAWZWXIKMWI51R2A08</lei>
        <title>HARLEY-DAVIDSON INC COM</title>
        <cusip>412822108</cusip>
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          <ticker value="HOG"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>BAKER HUGHES COMPANY</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MERCADOLIBRE INC</name>
        <lei>549300DKPDN9M5S8GB14</lei>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>HERC HOLDINGS INC</name>
        <lei>549300TP80QLITMSBP82</lei>
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      <invstOrSec>
        <name>LEGACY HOUSING CORP</name>
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          <ticker value="LEGH"/>
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      <invstOrSec>
        <name>NEW GERMANY FUND INC (THE)</name>
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      <invstOrSec>
        <name>AKAMAI TECHNOLOGIES INC</name>
        <lei>OC1LZNN2LF5WTJ5RIL89</lei>
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          <isin value="US00971T1016"/>
          <ticker value="AKAM"/>
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      <invstOrSec>
        <name>BRIDGEBIO PHARMA INC</name>
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      <invstOrSec>
        <name>3D SYSTEMS CORP</name>
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      <invstOrSec>
        <name>HONG KONG &amp; SHANGHAI HOTELS LTD</name>
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      <invstOrSec>
        <name>OIL-DRI CORP OF AMERICA</name>
        <lei>549300RSG5KPUH16WH66</lei>
        <title>OIL-DRI CORP OF AMERICA COM</title>
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          <ticker value="ODC"/>
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      <invstOrSec>
        <name>VODAFONE GROUP PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP PLC SPONSORED ADR</title>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>KIMBALL ELECTRONICS INC</name>
        <lei>549300COBYN2GZCBIU87</lei>
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          <ticker value="KE"/>
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        <name>LOEWS CORP</name>
        <lei>R8V1FN4M5ITGZOG7BS19</lei>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>AON PLC</name>
        <lei>635400FALWQYX5E6QC64</lei>
        <title>AON PLC SHS CL A</title>
        <cusip>000000000</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>DEXCOM INC</name>
        <lei>549300YSK3QDSFR5EU59</lei>
        <title>DEXCOM INC COM</title>
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          <ticker value="DXCM"/>
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        <curCd>USD</curCd>
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        <name>L3HARRIS TECHNOLOGIES INC</name>
        <lei>549300UTE50ZMDBG8A20</lei>
        <title>L3HARRIS TECHNOLOGIES INC COM</title>
        <cusip>502431109</cusip>
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          <ticker value="LHX"/>
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        <name>LOUIS HACHETTE GROUP SA</name>
        <lei>969500CV8XQ2XKU2DO25</lei>
        <title>LOUIS HACHETTE GROUP SA EUR0.2</title>
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      <invstOrSec>
        <name>BACKBLAZE INC</name>
        <lei>N/A</lei>
        <title>BACKBLAZE INC COM CL A</title>
        <cusip>05637B105</cusip>
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          <ticker value="BLZE"/>
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        <curCd>USD</curCd>
        <valUSD>23790.00000000</valUSD>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>MIRION TECHNOLOGIES INC</name>
        <lei>549300BNTOWVWFNVTJ65</lei>
        <title>MIRION TECHNOLOGIES INC COM CL A</title>
        <cusip>60471A101</cusip>
        <identifiers>
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          <ticker value="MIR"/>
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        <curCd>USD</curCd>
        <valUSD>1882650.00000000</valUSD>
        <pctVal>0.092304188688</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>GILEAD SCIENCES INC</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>GILEAD SCIENCES INC COM</title>
        <cusip>375558103</cusip>
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          <isin value="US3755581036"/>
          <ticker value="GILD"/>
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        <balance>2550.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>322167.00000000</valUSD>
        <pctVal>0.015795481665</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>FOX CORP</name>
        <lei>549300DDU6FDRBIELS05</lei>
        <title>FOX CORP CL B COM</title>
        <cusip>35137L204</cusip>
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          <isin value="US35137L2043"/>
          <ticker value="FOX"/>
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        <balance>110500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5175820.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>FLEX LTD</name>
        <lei>549300EAQH74YHD07T53</lei>
        <title>FLEX LTD COM USD0.01</title>
        <cusip>000000000</cusip>
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          <isin value="SG9999000020"/>
          <ticker value="FLEX"/>
          <other otherDesc="SEDOL" value="2353058"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>810350.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPHERE ENTERTAINMENT COMPANY</name>
        <lei>254900ZW4JWKYRZZ9A91</lei>
        <title>SPHERE ENTERTAINMENT COMPANY CL A</title>
        <cusip>55826T102</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JANUS HENDERSON GROUP PLC</name>
        <lei>2138009WPYMWJN3RVF44</lei>
        <title>JANUS HENDERSON GROUP PLC ORD USD1.50</title>
        <cusip>000000000</cusip>
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          <isin value="JE00BYPZJM29"/>
          <ticker value="JHG"/>
          <other otherDesc="SEDOL" value="BYPZJQ6"/>
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        <balance>47500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2467625.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ENBRIDGE INC</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBRIDGE INC COM</title>
        <cusip>29250N105</cusip>
        <identifiers>
          <isin value="CA29250N1050"/>
          <ticker value="ENB"/>
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        <balance>98400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5334264.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF NEW YORK MELLON CORP (THE)</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
        <title>BANK OF NEW YORK MELLON CORP (THE) COM</title>
        <cusip>064058100</cusip>
        <identifiers>
          <isin value="US0640581007"/>
          <ticker value="BK"/>
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        <balance>112500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16268625.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BEL FUSE INC</name>
        <lei>2549009L4XYDBRRY6X39</lei>
        <title>BEL FUSE INC CL A</title>
        <cusip>077347201</cusip>
        <identifiers>
          <isin value="US0773472016"/>
          <ticker value="BELFA"/>
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        <balance>2800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>815444.00000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>AZZ INC</name>
        <lei>549300HD1X2NFLWPYC83</lei>
        <title>AZZ INC COM</title>
        <cusip>002474104</cusip>
        <identifiers>
          <isin value="US0024741045"/>
          <ticker value="AZZ"/>
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        <balance>40000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6202000.00000000</valUSD>
        <pctVal>0.304077007540</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>
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      <invstOrSec>
        <name>ASTEC INDUSTRIES INC</name>
        <lei>5493002DO2QKHLKB2A48</lei>
        <title>ASTEC INDUSTRIES INC COM</title>
        <cusip>046224101</cusip>
        <identifiers>
          <isin value="US0462241011"/>
          <ticker value="ASTE"/>
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        <balance>24200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1480798.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DELL TECHNOLOGIES INC</name>
        <lei>549300TJB5YBRUPOG437</lei>
        <title>DELL TECHNOLOGIES INC CL C</title>
        <cusip>24703L202</cusip>
        <identifiers>
          <isin value="US24703L2025"/>
          <ticker value="DELL"/>
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        <balance>500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>215730.00000000</valUSD>
        <pctVal>0.010576996587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>W. R. BERKLEY CORP</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
        <title>W. R. BERKLEY CORP COM</title>
        <cusip>084423102</cusip>
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          <isin value="US0844231029"/>
          <ticker value="WRB"/>
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        <balance>37000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2609610.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FLUTTER ENTERTAINMENT PLC</name>
        <lei>635400EG4YIJLJMZJ782</lei>
        <title>FLUTTER ENTERTAINMENT PLC ORD EUR0.09 (DI)</title>
        <cusip>000000000</cusip>
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          <isin value="IE00BWT6H894"/>
          <ticker value="FLTR"/>
          <other otherDesc="SEDOL" value="BWXC0Z1"/>
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        <balance>3000.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75389197"/>
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        <pctVal>0.014796611739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Altaba Inc Escrow</name>
        <lei>N/A</lei>
        <title>Altaba Inc Escrow</title>
        <cusip>021ESC017</cusip>
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          <isin value="US021ESC0175"/>
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        <balance>245000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>318500.00000000</valUSD>
        <pctVal>0.015615692825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VIASAT INC</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>VIASAT INC COM</title>
        <cusip>92552V100</cusip>
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          <isin value="US92552V1008"/>
          <ticker value="VSAT"/>
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        <balance>23000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2065630.00000000</valUSD>
        <pctVal>0.101275490016</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>
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      <invstOrSec>
        <name>HERTZ GLOBAL HOLDINGS INC</name>
        <lei>549300NBK3K85MH1EX16</lei>
        <title>HERTZ GLOBAL HOLDINGS INC COM NEW</title>
        <cusip>42806J700</cusip>
        <identifiers>
          <isin value="US42806J7000"/>
          <ticker value="HTZ"/>
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        <balance>800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1812.00000000</valUSD>
        <pctVal>0.000088840299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRINK'S COMPANY (THE)</name>
        <lei>XFP140TFNOQMIVFTVQ13</lei>
        <title>BRINK'S COMPANY (THE) COM</title>
        <cusip>109696104</cusip>
        <identifiers>
          <isin value="US1096961040"/>
          <ticker value="BCO"/>
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        <balance>13250.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1251992.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WASTE MANAGEMENT INC</name>
        <lei>549300YX8JIID70NFS41</lei>
        <title>WASTE MANAGEMENT INC COM</title>
        <cusip>94106L109</cusip>
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          <isin value="US94106L1098"/>
          <ticker value="WM"/>
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        <balance>67000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14932960.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WATTS WATER TECHNOLOGIES INC</name>
        <lei>549300REJOO94ERQN318</lei>
        <title>WATTS WATER TECHNOLOGIES INC CL A</title>
        <cusip>942749102</cusip>
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          <isin value="US9427491025"/>
          <ticker value="WTS"/>
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        <balance>81000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31707450.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNICREDIT SPA</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UNICREDIT SPA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0005239360"/>
          <ticker value="UCG"/>
          <other otherDesc="SEDOL" value="BYMXPS7"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>DEMANT A/S</name>
        <lei>213800RM6L9LN78BVA56</lei>
        <title>DEMANT A/S DKK0.20</title>
        <cusip>000000000</cusip>
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          <isin value="DK0060738599"/>
          <ticker value="DEMANT"/>
          <other otherDesc="SEDOL" value="BZ01RF1"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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      <invstOrSec>
        <name>Cable &amp; Wireless Jamaica Ltd</name>
        <lei>N/A</lei>
        <title>Cable &amp; Wireless Jamaica Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="JMP192311026"/>
          <ticker value="CWJ"/>
          <other otherDesc="SEDOL" value="2880567"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JM</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OMNICOM GROUP INC</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
        <title>OMNICOM GROUP INC COM</title>
        <cusip>681919106</cusip>
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          <isin value="US6819191064"/>
          <ticker value="OMC"/>
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        <balance>12100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>881243.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROGERS CORP</name>
        <lei>PW0CN80KNFR7RUOOKJ84</lei>
        <title>ROGERS CORP COM</title>
        <cusip>775133101</cusip>
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          <isin value="US7751331015"/>
          <ticker value="ROG"/>
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        <balance>11100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1817403.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAVCO INDUSTRIES INC</name>
        <lei>N/A</lei>
        <title>CAVCO INDUSTRIES INC COM</title>
        <cusip>149568107</cusip>
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          <isin value="US1495681074"/>
          <ticker value="CVCO"/>
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        <balance>1250.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>767975.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>E-L FINANCIAL CORP LTD</name>
        <lei>5493008YS2NMV2UCI287</lei>
        <title>E-L FINANCIAL CORP LTD COM</title>
        <cusip>268575107</cusip>
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          <isin value="CA2685751075"/>
          <ticker value="ELF"/>
          <other otherDesc="SEDOL" value="2306386"/>
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        <pctVal>0.035860814925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INTUITIVE SURGICAL INC</name>
        <lei>54930052SRG011710797</lei>
        <title>INTUITIVE SURGICAL INC COM NEW</title>
        <cusip>46120E602</cusip>
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          <isin value="US46120E6023"/>
          <ticker value="ISRG"/>
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        <name>CLEVELAND-CLIFFS INC</name>
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        <name>CHECK POINT SOFTWARE TECHNOLOGIES LTD</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <name>AMETEK INC</name>
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        <name>AMGEN INC</name>
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        <name>ROLLS-ROYCE HOLDINGS PLC</name>
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        <name>LIBERTY LATIN AMERICA LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>AMERICAN TOWER CORP</name>
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      <invstOrSec>
        <name>DIAMONDBACK ENERGY INC</name>
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      <invstOrSec>
        <name>JOHNSON CONTROLS INTERNATIONAL PLC</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>KINNEVIK AB</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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      <invstOrSec>
        <name>PHILIP MORRIS INTERNATIONAL INC</name>
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        <title>PHILIP MORRIS INTERNATIONAL INC COM</title>
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          <isin value="US7181721090"/>
          <ticker value="PM"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>ASTRONICS CORP</name>
        <lei>549300NNXCF8H4MSMK17</lei>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ESSENTIAL UTILITIES INC</name>
        <lei>549300ILTEOF3E3QY357</lei>
        <title>ESSENTIAL UTILITIES INC COM</title>
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          <isin value="US29670G1022"/>
          <ticker value="WTRG"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CANAL + SA</name>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>OLD REPUBLIC INTERNATIONAL CORP</name>
        <lei>549300IV6O2YY2A1KH37</lei>
        <title>OLD REPUBLIC INTERNATIONAL CORP COM</title>
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          <isin value="US6802231042"/>
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      <invstOrSec>
        <name>COREWEAVE INC</name>
        <lei>984500511DP2B6186053</lei>
        <title>COREWEAVE INC COM CL A</title>
        <cusip>21873S108</cusip>
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          <isin value="US21873S1087"/>
          <ticker value="CRWV"/>
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        <assetCat>EC</assetCat>
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        <name>SIRIUS XM HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>SIRIUS XM HOLDINGS INC COMMON STOCK</title>
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        <name>MYERS INDUSTRIES INC</name>
        <lei>549300I2H9XMVTCW4Q51</lei>
        <title>MYERS INDUSTRIES INC COM</title>
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          <ticker value="MYE"/>
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        <name>NOMAD FOODS LTD</name>
        <lei>5493000ZZ1837DS2SI43</lei>
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        <invCountry>VG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>GAMING AND LEISURE PROPERTIES INC</name>
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        <title>GAMING AND LEISURE PROPERTIES INC COM</title>
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        <name>TOYOTA MOTOR CORP</name>
        <lei>5493006W3QUS5LMH6R84</lei>
        <title>TOYOTA MOTOR CORP ADS</title>
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          <ticker value="TM"/>
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        <name>SYMRISE AG</name>
        <lei>529900D82I6R9601CF26</lei>
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        <name>STRATTEC SECURITY CORP</name>
        <lei>549300Z394OP8S8TSR40</lei>
        <title>STRATTEC SECURITY CORP COM</title>
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        <name>MATTHEWS INTERNATIONAL CORP</name>
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        <name>CTS EVENTIM AG &amp; CO. KGAA</name>
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        <name>GENERAL MOTORS COMPANY</name>
        <lei>54930070NSV60J38I987</lei>
        <title>GENERAL MOTORS COMPANY COM</title>
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          <ticker value="GM"/>
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        <name>APA CORP</name>
        <lei>549300VCIWLRHYVSHC79</lei>
        <title>APA CORP COM</title>
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        <name>GAM HOLDING AG</name>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <name>HERSHEY COMPANY (THE)</name>
        <lei>21X2CX66SU2BR6QTAD08</lei>
        <title>HERSHEY COMPANY (THE) COM</title>
        <cusip>427866108</cusip>
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          <ticker value="HSY"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>CHEMRING GROUP PLC</name>
        <lei>213800U9A54VQJ5P2J41</lei>
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      <invstOrSec>
        <name>ROCKET COMPANIES INC</name>
        <lei>N/A</lei>
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          <isin value="US77311W1018"/>
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      <invstOrSec>
        <name>SIKA AG</name>
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      <invstOrSec>
        <name>NORTHROP GRUMMAN CORP</name>
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      <invstOrSec>
        <name>KERRY GROUP PLC</name>
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        <name>DUPONT DE NEMOURS INC</name>
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        <name>NEWMONT CORP</name>
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        <name>CATERPILLAR INC</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <name>Valeritas Holdings Inc</name>
        <lei>549300VHQBHRX48SZ174</lei>
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        <name>CHURCHILL DOWNS INC</name>
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        <name>Kerry Group PLC</name>
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        <name>DARLING INGREDIENTS INC</name>
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        <name>ALCON AG</name>
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        <name>CAMPBELL'S COMPANY (THE)</name>
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        <name>AUTONATION INC</name>
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        <name>ARCOSA INC</name>
        <lei>549300WFHLTCZV7D6V29</lei>
        <title>ARCOSA INC COM</title>
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      <invstOrSec>
        <name>FORTUNE BRANDS INNOVATIONS INC</name>
        <lei>54930032LHW54PQUJD44</lei>
        <title>FORTUNE BRANDS INNOVATIONS INC COM</title>
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          <ticker value="FBIN"/>
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        <balance>56000.00000000</balance>
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      <invstOrSec>
        <name>INTEL CORP</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
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          <isin value="US4581401001"/>
          <ticker value="INTC"/>
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        <balance>38500.00000000</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>ESAB CORP</name>
        <lei>549300ZNV0SWBXEIWT04</lei>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LIBERTY BROADBAND CORP</name>
        <lei>549300MIX43II8JLN536</lei>
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          <isin value="US5303073051"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LIMONEIRA COMPANY</name>
        <lei>549300UCPZVJGYHI7550</lei>
        <title>LIMONEIRA COMPANY COM</title>
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          <ticker value="LMNR"/>
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        <balance>63000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEXTERA ENERGY INC</name>
        <lei>254900RHL9MEUS5NKX63</lei>
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          <isin value="US65339F1012"/>
          <ticker value="NEE"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DUCOMMUN INC</name>
        <lei>549300Z71HMWF90S2214</lei>
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          <isin value="US2641471097"/>
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        <curCd>USD</curCd>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>KRATOS DEFENSE &amp; SECURITY SOLUTIONS INC</name>
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          <ticker value="KTOS"/>
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      <invstOrSec>
        <name>META PLATFORMS INC</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META PLATFORMS INC CL A</title>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>BOEING COMPANY (THE)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING COMPANY (THE) COM</title>
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          <ticker value="BA"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRIFFON CORP</name>
        <lei>5493000C2SGNC7ZN3242</lei>
        <title>GRIFFON CORP COM</title>
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      <invstOrSec>
        <name>TRISTEL PLC</name>
        <lei>2138009DZ4LH9CZGF662</lei>
        <title>TRISTEL PLC ORD GBP0.01</title>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>METTLER-TOLEDO INTERNATIONAL INC</name>
        <lei>5493000BD5GJNUDIUG10</lei>
        <title>METTLER-TOLEDO INTERNATIONAL INC COM</title>
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          <ticker value="MTD"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>ARLO TECHNOLOGIES INC</name>
        <lei>549300T4EUX2OQ75HV52</lei>
        <title>ARLO TECHNOLOGIES INC COM</title>
        <cusip>04206A101</cusip>
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        <name>SGL CARBON SE</name>
        <lei>52990038IB31TYK07X63</lei>
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        <invCountry>DE</invCountry>
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        <name>NVR INC</name>
        <lei>529900RWXR4JI3JYTV70</lei>
        <title>NVR INC COM</title>
        <cusip>62944T105</cusip>
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        <name>CORUS ENTERTAINMENT INC</name>
        <lei>549300DVZFTUMM4M2O84</lei>
        <title>CORUS ENTERTAINMENT INC CL B NON VTG</title>
        <cusip>220874101</cusip>
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          <ticker value="CJREF"/>
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        <balance>20000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <name>PURECYCLE TECHNOLOGIES INC</name>
        <lei>N/A</lei>
        <title>PURECYCLE TECHNOLOGIES INC COM</title>
        <cusip>74623V103</cusip>
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          <ticker value="PCT"/>
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        <name>TRANE TECHNOLOGIES PLC</name>
        <lei>549300BURLR9SLYY2705</lei>
        <title>TRANE TECHNOLOGIES PLC COM USD1</title>
        <cusip>000000000</cusip>
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          <ticker value="TT"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>CIPHER DIGITAL INC</name>
        <lei>254900QABG5HCQZ28A17</lei>
        <title>CIPHER DIGITAL INC COM</title>
        <cusip>17253J106</cusip>
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          <ticker value="CIFR"/>
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        <balance>8500.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>H.B. FULLER COMPANY</name>
        <lei>JSMX3Z5FOYM8V0Q52357</lei>
        <title>H.B. FULLER COMPANY COM</title>
        <cusip>359694106</cusip>
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          <ticker value="FUL"/>
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        <balance>15000.00000000</balance>
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        <valUSD>874350.00000000</valUSD>
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        <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>
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        <name>SAFEHOLD INC</name>
        <lei>QFFLKWYYS3UPWD86E794</lei>
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        <name>STANDARD CHARTERED PLC</name>
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        <name>AIRBUS SE</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>JOHNSON MATTHEY PLC</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <name>GARRETT MOTION INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>EXXONMOBIL HOLDINGS CORP</name>
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        <name>MOLSON COORS BEVERAGE COMPANY</name>
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        <name>MGM RESORTS INTERNATIONAL</name>
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        <name>YAKULT HONSHA CO LTD</name>
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        <name>TEKSCEND PHOTOMASK CORP</name>
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        <name>NITTO BOSEKI CO LTD</name>
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        <name>MOTOROLA SOLUTIONS INC</name>
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        <name>Niko Resources Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>GAMBLING.COM GROUP LTD</name>
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        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>GENCOR INDUSTRIES INC</name>
        <lei>N/A</lei>
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        <name>AGILENT TECHNOLOGIES INC</name>
        <lei>QUIX8Y7A2WP0XRMW7G29</lei>
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        <name>NATIONAL BEVERAGE CORP</name>
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        <name>PFIZER INC</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
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        <name>HANA FINANCIAL GROUP INC</name>
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        <name>JULIUS BAER GROUP AG</name>
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        <name>CVS GROUP PLC</name>
        <lei>213800J41XDQ2NX48O05</lei>
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        <name>NETGEAR INC</name>
        <lei>54930067KX3UNRHDWA78</lei>
        <title>NETGEAR INC COM</title>
        <cusip>64111Q104</cusip>
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          <isin value="US64111Q1040"/>
          <ticker value="NTGR"/>
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        <balance>3000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70050.00000000</valUSD>
        <pctVal>0.003434471844</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>APOLLO GLOBAL MANAGEMENT INC</name>
        <lei>254900LMFT1CY9IYB476</lei>
        <title>APOLLO GLOBAL MANAGEMENT INC COM</title>
        <cusip>03769M106</cusip>
        <identifiers>
          <isin value="US03769M1062"/>
          <ticker value="APO"/>
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        <balance>8500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1005635.00000000</valUSD>
        <pctVal>0.049305140515</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>
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      </invstOrSec>
      <invstOrSec>
        <name>CAE INC</name>
        <lei>549300FFM2BEH2GF1E44</lei>
        <title>CAE INC COM</title>
        <cusip>124765108</cusip>
        <identifiers>
          <isin value="CA1247651088"/>
          <ticker value="CAE"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250600.00000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>GE AEROSPACE</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>GE AEROSPACE COM NEW</title>
        <cusip>369604301</cusip>
        <identifiers>
          <isin value="US3696043013"/>
          <ticker value="GE"/>
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        <balance>27525.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10286918.25000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>CMS ENERGY CORP</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS ENERGY CORP COM</title>
        <cusip>125896100</cusip>
        <identifiers>
          <isin value="US1258961002"/>
          <ticker value="CMS"/>
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        <balance>16000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1224000.00000000</valUSD>
        <pctVal>0.060011328156</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>
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      </invstOrSec>
      <invstOrSec>
        <name>JOHNSON &amp; JOHNSON</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>JOHNSON &amp; JOHNSON COM</title>
        <cusip>478160104</cusip>
        <identifiers>
          <isin value="US4781601046"/>
          <ticker value="JNJ"/>
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        <balance>19000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4825430.00000000</valUSD>
        <pctVal>0.236585345774</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>PERRIGO COMPANY PLC</name>
        <lei>549300IFOQS6R1QLY196</lei>
        <title>PERRIGO COMPANY PLC COM EUR0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00BGH1M568"/>
          <ticker value="PRGO"/>
          <other otherDesc="SEDOL" value="BGH1M56"/>
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        <balance>133000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1381870.00000000</valUSD>
        <pctVal>0.067751514738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AFFILIATED MANAGERS GROUP INC</name>
        <lei>2JE75BUE3T1BLCYYGK54</lei>
        <title>AFFILIATED MANAGERS GROUP INC COM</title>
        <cusip>008252108</cusip>
        <identifiers>
          <isin value="US0082521081"/>
          <ticker value="AMG"/>
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        <balance>250.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>84600.00000000</valUSD>
        <pctVal>0.004147841799</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>
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      <invstOrSec>
        <name>UL SOLUTIONS INC</name>
        <lei>549300F7CUV5ESKV9P71</lei>
        <title>UL SOLUTIONS INC CLASS A COM SHS</title>
        <cusip>903731107</cusip>
        <identifiers>
          <isin value="US9037311076"/>
          <ticker value="ULS"/>
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        <balance>32000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3259520.00000000</valUSD>
        <pctVal>0.159810559112</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>
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      </invstOrSec>
      <invstOrSec>
        <name>WEYERHAEUSER COMPANY</name>
        <lei>08IRJODWFYBI7QWRGS31</lei>
        <title>WEYERHAEUSER COMPANY COM NEW</title>
        <cusip>962166104</cusip>
        <identifiers>
          <isin value="US9621661043"/>
          <ticker value="WY"/>
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        <balance>9000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>215460.00000000</valUSD>
        <pctVal>0.010563758794</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>
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      <invstOrSec>
        <name>D.R. HORTON INC</name>
        <lei>529900ZIUEYVSB8QDD25</lei>
        <title>D.R. HORTON INC COM</title>
        <cusip>23331A109</cusip>
        <identifiers>
          <isin value="US23331A1097"/>
          <ticker value="DHI"/>
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        <balance>2000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>325760.00000000</valUSD>
        <pctVal>0.015971642369</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>
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      <invstOrSec>
        <name>COHEN &amp; STEERS INC</name>
        <lei>549300XXIA338A0X2K65</lei>
        <title>COHEN &amp; STEERS INC COM</title>
        <cusip>19247A100</cusip>
        <identifiers>
          <isin value="US19247A1007"/>
          <ticker value="CNS"/>
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        <balance>72000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5482080.00000000</valUSD>
        <pctVal>0.268780148580</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>SONY FINANCIAL GROUP INC</name>
        <lei>353800O7BDSU41WOZA60</lei>
        <title>SONY FINANCIAL GROUP INC UNSPONSERED ADS</title>
        <cusip>83571B100</cusip>
        <identifiers>
          <isin value="US83571B1008"/>
          <ticker value="SFGYY"/>
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        <balance>12249.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53160.66000000</valUSD>
        <pctVal>0.002606406709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</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 COM</title>
        <cusip>707569109</cusip>
        <identifiers>
          <isin value="US7075691094"/>
          <ticker value="PENN"/>
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        <balance>17200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>367392.00000000</valUSD>
        <pctVal>0.018012811988</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ORACLE CORP</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP COM</title>
        <cusip>68389X105</cusip>
        <identifiers>
          <isin value="US68389X1054"/>
          <ticker value="ORCL"/>
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        <balance>1790.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>262324.50000000</valUSD>
        <pctVal>0.012861471938</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>
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      </invstOrSec>
      <invstOrSec>
        <name>CONSTELLATION BRANDS INC</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>CONSTELLATION BRANDS INC CL A</title>
        <cusip>21036P108</cusip>
        <identifiers>
          <isin value="US21036P1084"/>
          <ticker value="STZ"/>
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        <balance>18200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2531438.00000000</valUSD>
        <pctVal>0.124113526574</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>
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      </invstOrSec>
      <invstOrSec>
        <name>GXO LOGISTICS INC</name>
        <lei>5493007CNWMXN78JRN66</lei>
        <title>GXO LOGISTICS INC COMMON STOCK</title>
        <cusip>36262G101</cusip>
        <identifiers>
          <isin value="US36262G1013"/>
          <ticker value="GXO"/>
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        <balance>7500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>380250.00000000</valUSD>
        <pctVal>0.018643225107</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>
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      <invstOrSec>
        <name>TELECOM ARGENTINA SA</name>
        <lei>549300MKPIRSJD8SB782</lei>
        <title>TELECOM ARGENTINA SA SPON ADR REP B</title>
        <cusip>879273209</cusip>
        <identifiers>
          <isin value="US8792732096"/>
          <ticker value="TEO"/>
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        <balance>21000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>273000.00000000</valUSD>
        <pctVal>0.013384879564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MATTEL INC</name>
        <lei>549300VELLG24KHTJ564</lei>
        <title>MATTEL INC COM</title>
        <cusip>577081102</cusip>
        <identifiers>
          <isin value="US5770811025"/>
          <ticker value="MAT"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>347000.00000000</valUSD>
        <pctVal>0.017013015417</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>
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      <invstOrSec>
        <name>FISERV INC</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>FISERV INC COM</title>
        <cusip>337738108</cusip>
        <identifiers>
          <isin value="US3377381088"/>
          <ticker value="FISV"/>
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        <balance>62500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3065625.00000000</valUSD>
        <pctVal>0.150304107745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FOMENTO ECONOMICO MEXICANO SAB DE CV</name>
        <lei>549300A8MDWDJNMLV153</lei>
        <title>FOMENTO ECONOMICO MEXICANO SAB DE CV SPON ADR UNITS</title>
        <cusip>344419106</cusip>
        <identifiers>
          <isin value="US3444191064"/>
          <ticker value="FMX"/>
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        <balance>78500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10040150.00000000</valUSD>
        <pctVal>0.492257137577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PREMIER FOODS PLC</name>
        <lei>213800ZD5I8XHNMCJA67</lei>
        <title>PREMIER FOODS PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B7N0K053"/>
          <ticker value="PFD"/>
          <other otherDesc="SEDOL" value="B7N0K05"/>
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        <balance>60000.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75389197"/>
        <valUSD>162516.65000000</valUSD>
        <pctVal>0.007968006547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REGAL REXNORD CORP</name>
        <lei>QH78R09VCJGQKPBPYU33</lei>
        <title>REGAL REXNORD CORP COM</title>
        <cusip>758750103</cusip>
        <identifiers>
          <isin value="US7587501039"/>
          <ticker value="RRX"/>
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        <balance>6688.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1593014.72000000</valUSD>
        <pctVal>0.078103700262</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>
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        <name>ARCHER DANIELS MIDLAND COMPANY</name>
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      <invstOrSec>
        <name>ROYCE GLOBAL TRUST INC</name>
        <lei>254900MA25TE88EMIP63</lei>
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          <isin value="US78081T1043"/>
          <ticker value="RGT"/>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COMMERZBANK AG</name>
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          <isin value="DE000CBK1001"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BLACKSTONE INC</name>
        <lei>5299004LW4QWGZUB8Y96</lei>
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          <isin value="US09260D1072"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LIBERTY MEDIA CORP</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bolsas y Mercados Argentinos S</name>
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        <assetCat>EC</assetCat>
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        <invCountry>AR</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YORK WATER COMPANY (THE)</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>REPUBLIC SERVICES INC</name>
        <lei>NKNQHM6BLECKVOQP7O46</lei>
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          <isin value="US7607591002"/>
          <ticker value="RSG"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONOCOPHILLIPS</name>
        <lei>WPTL2Z3FIYTHSP5V2253</lei>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NINTENDO COMPANY LTD</name>
        <lei>353800FEEXU6I9M0ZF27</lei>
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          <isin value="JP3756600007"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ZIMMER BIOMET HOLDINGS INC</name>
        <lei>2P2YLDVPES3BXQ1FRB91</lei>
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          <ticker value="ZBH"/>
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        <curCd>USD</curCd>
        <valUSD>1893980.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TREDEGAR CORP</name>
        <lei>54930003228ERHCH6K87</lei>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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        <name>POST HOLDINGS INC</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <name>INVESCO LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>WESCO INTERNATIONAL INC</name>
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        <name>MODINE MANUFACTURING COMPANY</name>
        <lei>Z35SZFYJR8GZZRSIUU09</lei>
        <title>MODINE MANUFACTURING COMPANY COM</title>
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        <curCd>USD</curCd>
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        <name>DAVIDE CAMPARI - MILANO NV</name>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>STACK CAPITAL GROUP INC</name>
        <lei>549300NFTBCUS53LHD40</lei>
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        <cusip>85236X104</cusip>
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        <name>FOX CORP</name>
        <lei>549300DDU6FDRBIELS05</lei>
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        <name>SAMSUNG LIFE INSURANCE COMPANY LTD</name>
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        <name>WEBSTER FINANCIAL CORP</name>
        <lei>KMRURHT0VWKYS6Z5KU67</lei>
        <title>WEBSTER FINANCIAL CORP COM</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>EDGEWELL PERSONAL CARE COMPANY</name>
        <lei>549300CY8QZDL4Z3RU59</lei>
        <title>EDGEWELL PERSONAL CARE COMPANY COM</title>
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          <ticker value="EPC"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>COUPANG INC</name>
        <lei>549300XR4L1D80AK4W76</lei>
        <title>COUPANG INC CL A</title>
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          <ticker value="CPNG"/>
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        <curCd>USD</curCd>
        <valUSD>173700.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>RTX CORP</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
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        <name>MICRON TECHNOLOGY INC</name>
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        <name>SONY GROUP CORP</name>
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        <name>SOUTHERN FIRST BANCSHARES INC</name>
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        <name>WEALTHFRONT CORP</name>
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        <name>DONALDSON COMPANY INC</name>
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        <name>CRH PLC</name>
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        <name>ELI LILLY &amp; COMPANY</name>
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        <name>ASTRONICS CORP</name>
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        <name>VERSANT MEDIA GROUP INC</name>
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        <name>DEUTSCHE TELEKOM AG</name>
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        <name>BT GROUP PLC</name>
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        <name>MAGNUM ICE CREAM COMPANY NV (THE)</name>
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        <name>ZURN ELKAY WATER SOLUTIONS CORP</name>
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        <name>Gabelli ETFs Trust</name>
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        <title>Gabelli Financial Services Opportunities ETF</title>
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        <name>SHENANDOAH TELECOMMUNICATIONS COMPANY</name>
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        <name>HEXCEL CORP</name>
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        <name>QVC GROUP INC</name>
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        <name>MKS INC</name>
        <lei>549300KEQATBHAGVF505</lei>
        <title>MKS INC COM</title>
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        <name>ST. JOE COMPANY (THE)</name>
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      <invstOrSec>
        <name>DIAGEO PLC</name>
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        <name>GLOBALFOUNDRIES INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>VALE SA</name>
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        <name>CLEAR CHANNEL OUTDOOR HOLDINGS INC</name>
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      <invstOrSec>
        <name>SEVERN TRENT PLC</name>
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        <name>RAYONIER INC</name>
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        <name>ALLEGION PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>YORK SPACE SYSTEMS INC</name>
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        <name>OLLAMANI SAB</name>
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        <name>BOLLORE SE</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <name>MODERNA INC</name>
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        <title>MODERNA INC COM</title>
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        <name>ALLIANCE RESOURCE PARTNERS LP</name>
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        <title>ALLIANCE RESOURCE PARTNERS LP UT LTD PART</title>
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        <name>CRANE COMPANY</name>
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        <name>FLOWERS FOODS INC</name>
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        <name>STELLANTIS NV</name>
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        <name>CRIMSON WINE GROUP LTD</name>
        <lei>N/A</lei>
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        <name>HALEON PLC</name>
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        <name>MAPLE LEAF FOODS INC</name>
        <lei>549300LX07S5J8F76F37</lei>
        <title>MAPLE LEAF FOODS INC COM NPV</title>
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        <name>TELESAT CORP</name>
        <lei>N/A</lei>
        <title>TELESAT CORP CL A &amp; CL B SHS</title>
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        <name>PENTAIR PLC</name>
        <lei>549300EVR9D56WPSRP15</lei>
        <title>PENTAIR PLC COM USD0.01</title>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>SHERWIN-WILLIAMS COMPANY (THE)</name>
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        <name>BELDEN INC</name>
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      <invstOrSec>
        <name>TREATT PLC</name>
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        <name>SAMSUNG ELECTRONICS CO LTD</name>
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        <name>BOSTON BEER COMPANY INC (THE)</name>
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        <name>EMBRAER - EMPRESA BRASILEIRA DE AERONAUTICA SA</name>
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        <name>SULZER AG</name>
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        <name>EVERSOURCE ENERGY</name>
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        <name>SOCIETE GENERALE SA</name>
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        <name>SALESFORCE INC</name>
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        <name>MOODY'S CORP</name>
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        <name>KLA CORP</name>
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        <name>GOLDMAN SACHS GROUP INC (THE)</name>
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        <name>WEAVE COMMUNICATIONS INC</name>
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        <title>WEAVE COMMUNICATIONS INC COM</title>
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        <name>INSPIRED ENTERTAINMENT INC</name>
        <lei>549300ZUGYK6NBIU6D69</lei>
        <title>INSPIRED ENTERTAINMENT INC COM</title>
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        <name>HUBBELL INC</name>
        <lei>54930088VDQ6840Y6597</lei>
        <title>HUBBELL INC COM</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STARZ ENTERTAINMENT CORP</name>
        <lei>5493000JSMHPHZURLM72</lei>
        <title>STARZ ENTERTAINMENT CORP COM</title>
        <cusip>855919106</cusip>
        <identifiers>
          <isin value="CA8559191066"/>
          <ticker value="STRZ"/>
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        <balance>1000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28860.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LANDIS+GYR GROUP AG</name>
        <lei>529900PZYVAKCYSLFL19</lei>
        <title>LANDIS+GYR GROUP AG CHF10 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0371153492"/>
          <ticker value="LAND"/>
          <other otherDesc="SEDOL" value="BF41XY8"/>
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        <balance>15000.00000000</balance>
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        <pctVal>0.039411195904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BIOGEN INC</name>
        <lei>W8J5WZB5IY3K0NDQT671</lei>
        <title>BIOGEN INC COM</title>
        <cusip>09062X103</cusip>
        <identifiers>
          <isin value="US09062X1037"/>
          <ticker value="BIIB"/>
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        <balance>7000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1512420.00000000</valUSD>
        <pctVal>0.074152232786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEXSTAR MEDIA GROUP INC</name>
        <lei>52990083ZRR5UT591988</lei>
        <title>NEXSTAR MEDIA GROUP INC COMMON STOCK</title>
        <cusip>65336K103</cusip>
        <identifiers>
          <isin value="US65336K1034"/>
          <ticker value="NXST"/>
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        <balance>25050.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4473679.50000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>STANDARDAERO INC</name>
        <lei>N/A</lei>
        <title>STANDARDAERO INC COM</title>
        <cusip>85423L103</cusip>
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          <isin value="US85423L1035"/>
          <ticker value="SARO"/>
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        <balance>53000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1585230.00000000</valUSD>
        <pctVal>0.077722024292</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>
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      <invstOrSec>
        <name>VEOLIA ENVIRONNEMENT SA</name>
        <lei>969500LENY69X51OOT31</lei>
        <title>VEOLIA ENVIRONNEMENT SA EUR5</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000124141"/>
          <ticker value="VIE"/>
          <other otherDesc="SEDOL" value="4031879"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.87519692"/>
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        <pctVal>0.031886396059</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>
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      <invstOrSec>
        <name>AES CORP (THE)</name>
        <lei>2NUNNB7D43COUIRE5295</lei>
        <title>AES CORP (THE) COM</title>
        <cusip>00130H105</cusip>
        <identifiers>
          <isin value="US00130H1059"/>
          <ticker value="AES"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1246100.00000000</valUSD>
        <pctVal>0.061094866026</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>
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      <invstOrSec>
        <name>JP MORGAN CHASE &amp; COMPANY</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JP MORGAN CHASE &amp; COMPANY COM</title>
        <cusip>46625H100</cusip>
        <identifiers>
          <isin value="US46625H1005"/>
          <ticker value="JPM"/>
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        <balance>27600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9034308.00000000</valUSD>
        <pctVal>0.442941848087</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>
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      <invstOrSec>
        <name>TELEFONICA SA</name>
        <lei>549300EEJH4FEPDBBR25</lei>
        <title>TELEFONICA SA SPONSORED ADR</title>
        <cusip>879382208</cusip>
        <identifiers>
          <isin value="US8793822086"/>
          <ticker value="TELFY"/>
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        <balance>260000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1029600.00000000</valUSD>
        <pctVal>0.050480117214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ROCHE HOLDING AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>ROCHE HOLDING AG CHF0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH1499059983"/>
          <ticker value="ROP"/>
          <other otherDesc="SEDOL" value="BTMJD19"/>
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        <balance>400.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.80800000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KIMBELL ROYALTY PARTNERS LP</name>
        <lei>5493007FC11POVYRB841</lei>
        <title>KIMBELL ROYALTY PARTNERS LP UNIT</title>
        <cusip>49435R102</cusip>
        <identifiers>
          <isin value="US49435R1023"/>
          <ticker value="KRP"/>
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        <balance>32500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>472225.00000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>BORGWARNER INC</name>
        <lei>549300DSFX2IE88NSX47</lei>
        <title>BORGWARNER INC COM</title>
        <cusip>099724106</cusip>
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          <isin value="US0997241064"/>
          <ticker value="BWA"/>
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        <balance>74000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4913600.00000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY COM</title>
        <cusip>949746101</cusip>
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          <ticker value="WFC"/>
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        <balance>74500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6156680.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEJON RANCH COMPANY</name>
        <lei>549300TMNDO77VJ6J111</lei>
        <title>TEJON RANCH COMPANY COM</title>
        <cusip>879080109</cusip>
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          <isin value="US8790801091"/>
          <ticker value="TRC"/>
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        <balance>85000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1589500.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <name>BRISTOL-MYERS SQUIBB COMPANY</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>BRISTOL-MYERS SQUIBB COMPANY COM</title>
        <cusip>110122108</cusip>
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          <isin value="US1101221083"/>
          <ticker value="BMY"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4724840.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>FEDERAL SIGNAL CORP</name>
        <lei>549300RTXZRPTNP6G884</lei>
        <title>FEDERAL SIGNAL CORP COM</title>
        <cusip>313855108</cusip>
        <identifiers>
          <isin value="US3138551086"/>
          <ticker value="FSS"/>
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        <balance>19000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2441310.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>HONEYWELL AEROSPACE INC</name>
        <lei>213800ZUAQRBYL67JS90</lei>
        <title>HONEYWELL AEROSPACE INC COM</title>
        <cusip>43849R105</cusip>
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          <isin value="US43849R1059"/>
          <ticker value="HONA"/>
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        <balance>58550.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12944234.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>DEUTSCHE BANK AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>DEUTSCHE BANK AG NPV(REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="DE0005140008"/>
          <ticker value="DB"/>
          <other otherDesc="SEDOL" value="2803025"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1012800.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MILLROSE PROPERTIES INC</name>
        <lei>N/A</lei>
        <title>MILLROSE PROPERTIES INC COM CL A</title>
        <cusip>601137102</cusip>
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          <isin value="US6011371027"/>
          <ticker value="MRP"/>
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        <curCd>USD</curCd>
        <valUSD>3080125.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOWA CORP</name>
        <lei>353800HAMO7IT6KBJX75</lei>
        <title>TOWA CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3555700008"/>
          <ticker value="6315"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPECTRUM BRANDS HOLDINGS INC</name>
        <lei>549300JM0MJETDD30O20</lei>
        <title>SPECTRUM BRANDS HOLDINGS INC COM</title>
        <cusip>84790A105</cusip>
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          <isin value="US84790A1051"/>
          <ticker value="SPB"/>
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        <balance>52500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4501875.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TESLA INC</name>
        <lei>54930043XZGB27CTOV49</lei>
        <title>TESLA INC COM</title>
        <cusip>88160R101</cusip>
        <identifiers>
          <isin value="US88160R1014"/>
          <ticker value="TSLA"/>
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        <balance>580.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>243948.00000000</valUSD>
        <pctVal>0.011960493040</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>
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        <name>TEXTRON INC</name>
        <lei>3PPKBHUG1HD6BO7RNR87</lei>
        <title>TEXTRON INC COM</title>
        <cusip>883203101</cusip>
        <identifiers>
          <isin value="US8832031012"/>
          <ticker value="TXT"/>
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        <balance>73000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>NINTENDO COMPANY LTD</name>
        <lei>353800FEEXU6I9M0ZF27</lei>
        <title>NINTENDO COMPANY LTD UNSPON ADS</title>
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        <identifiers>
          <isin value="US6544453037"/>
          <ticker value="NTDOY"/>
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        <curCd>USD</curCd>
        <valUSD>73360.00000000</valUSD>
        <pctVal>0.003596757380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
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        <name>GATX CORP</name>
        <lei>549300IHYHCQP2PIR591</lei>
        <title>GATX CORP COM</title>
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        <identifiers>
          <isin value="US3614481030"/>
          <ticker value="GATX"/>
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        <balance>120200.00000000</balance>
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        <valUSD>21298238.00000000</valUSD>
        <pctVal>1.044228390344</pctVal>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>MANCHESTER UNITED PLC</name>
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        <cusip>000000000</cusip>
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          <ticker value="MANU"/>
          <other otherDesc="SEDOL" value="B8Q8MV8"/>
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        <valUSD>217835.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PHINIA INC</name>
        <lei>254900HG6MORZE1FFM18</lei>
        <title>PHINIA INC COMMON STOCK</title>
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          <isin value="US71880K1016"/>
          <ticker value="PHIN"/>
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        <curCd>USD</curCd>
        <valUSD>593064.00000000</valUSD>
        <pctVal>0.029077253531</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AVIO SPA</name>
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        <title>AVIO SPA NPV</title>
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          <isin value="IT0005119810"/>
          <ticker value="AVIO"/>
          <other otherDesc="SEDOL" value="BYWZZF0"/>
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        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87519692"/>
        <valUSD>628858.47000000</valUSD>
        <pctVal>0.030832215692</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENNAMETAL INC</name>
        <lei>549300GZDSG25XUV0Y08</lei>
        <title>KENNAMETAL INC COM</title>
        <cusip>489170100</cusip>
        <identifiers>
          <isin value="US4891701009"/>
          <ticker value="KMT"/>
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        <balance>24500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>858725.00000000</valUSD>
        <pctVal>0.042102310270</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>2026-08-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Gabelli Equity Trust Inc</ncom:nameOfApplicant>
      <ncom:signature>John C. Ball</ncom:signature>
      <ncom:signerName>John C. Ball</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
