Cambria Investment Management 13FHR Quarterly holdings report by institutional manager | SEC 11 May 23

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABERCROMBIE & FITCH CO	CL A	002896207	7,260,288	261,632	SH		SOLE		261,632	0	0
ABRDN GOLD ETF TRUST	PHYSCL GOLD SHS	00326A104	530,346	28,105	SH		SOLE		0	0	28,105
ACADEMY SPORTS & OUTDOORS IN	COM	00402L107	615,112	9,427	SH		SOLE		9,427	0	0
ADTALEM GLOBAL ED INC	COM	00737L103	7,727,862	200,100	SH		SOLE		200,100	0	0
ADVANCE AUTO PARTS INC	COM	00751Y106	5,292,467	43,520	SH		SOLE		43,520	0	0
AFC GAMMA INC	COM	00109K105	206,185	16,956	SH		SOLE		16,956	0	0
AFFILIATED MANAGERS GROUP IN	COM	008252108	7,400,570	51,963	SH		SOLE		51,963	0	0
AFLAC INC	COM	001055102	8,060,355	124,928	SH		SOLE		124,928	0	0
AGREE RLTY CORP	COM	008492100	432,243	6,300	SH		SOLE		6,300	0	0
ALEXANDER & BALDWIN INC NEW	COM	014491104	317,688	16,800	SH		SOLE		16,800	0	0
ALLSTATE CORP	COM	020002101	6,411,023	57,856	SH		SOLE		57,856	0	0
ALLY FINL INC	COM	02005N100	4,848,402	190,208	SH		SOLE		190,208	0	0
ALPHA METALLURGICAL RESOUR I	COM	020764106	9,166,248	58,758	SH		SOLE		58,758	0	0
ALTRIA GROUP INC	COM	02209S103	803,160	18,000	SH		SOLE		18,000	0	0
AMERICAN EQTY INVT LIFE HLD	COM	025676206	516,406	14,152	SH		SOLE		14,152	0	0
AMERICAN FINL GROUP INC OHIO	COM	025932104	7,239,942	59,588	SH		SOLE		59,588	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	546,205	10,846	SH		SOLE		10,846	0	0
AMERIPRISE FINL INC	COM	03076C106	9,494,144	30,976	SH		SOLE		30,976	0	0
AMN HEALTHCARE SVCS INC	COM	001744101	5,330,678	64,256	SH		SOLE		64,256	0	0
APA CORPORATION	COM	03743Q108	6,268,093	173,824	SH		SOLE		173,824	0	0
APPLE HOSPITALITY REIT INC	COM NEW	03784Y200	334,068	21,525	SH		SOLE		21,525	0	0
ARCBEST CORP	COM	03937C105	610,804	6,609	SH		SOLE		6,609	0	0
ARCH RESOURCES INC	CL A	03940R107	587,100	4,466	SH		SOLE		4,466	0	0
ARMADA HOFFLER PPTYS INC	COM	04208T108	350,190	29,652	SH		SOLE		29,652	0	0
ARROW ELECTRS INC	COM	042735100	7,512,179	60,160	SH		SOLE		60,160	0	0
ASBURY AUTOMOTIVE GROUP INC	COM	043436104	613,410	2,921	SH		SOLE		2,921	0	0
ASSURED GUARANTY LTD	COM	G0585R106	7,734,341	153,856	SH		SOLE		153,856	0	0
ATKORE INC	COM	047649108	9,561,912	68,066	SH		SOLE		68,066	0	0
AURORA CANNABIS INC	COM	05156X884	128,577	184,392	SH		SOLE		184,392	0	0
AUTONATION INC	COM	05329W102	11,826,905	88,024	SH		SOLE		88,024	0	0
AVNET INC	COM	053807103	878,236	19,430	SH		SOLE		19,430	0	0
BANCORP INC DEL	COM	05969A105	561,122	20,148	SH		SOLE		20,148	0	0
BERKSHIRE HILLS BANCORP INC	COM	084680107	491,276	19,604	SH		SOLE		19,604	0	0
BIG 5 SPORTING GOODS CORP	COM	08915P101	3,460,869	450,048	SH		SOLE		450,048	0	0
BIG LOTS INC	COM	089302103	3,411,804	311,296	SH		SOLE		311,296	0	0
BOISE CASCADE CO DEL	COM	09739D100	763,048	12,064	SH		SOLE		12,064	0	0
BOSTON PROPERTIES INC	COM	101121101	230,714	4,263	SH		SOLE		4,263	0	0
BRAEMAR HOTELS & RESORTS INC	COM	10482B101	274,388	71,085	SH		SOLE		71,085	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	361,536	16,800	SH		SOLE		16,800	0	0
BUILDERS FIRSTSOURCE INC	COM	12008R107	637,796	7,184	SH		SOLE		7,184	0	0
CAL MAINE FOODS INC	COM NEW	128030202	8,612,830	141,449	SH		SOLE		141,449	0	0
CALERES INC	COM	129500104	6,002,412	277,504	SH		SOLE		277,504	0	0
CALIFORNIA RES CORP	COM STOCK	13057Q305	6,150,144	159,744	SH		SOLE		159,744	0	0
CAMBRIA ETF TR	GLB MOMENT ETF	132061508	11,968,416	433,795	SH		SOLE		0	0	433,795
CAMBRIA ETF TR	CAMBRIA FGN SHR	132061300	35,400,941	1,415,471	SH		SOLE		1,373,586	0	41,885
CAMBRIA ETF TR	VALUE MOMENTUM	132061888	14,402,430	573,573	SH		SOLE		470,500	0	103,073
CAMBRIA ETF TR	GBL REAL EST ETF	132061813	8,726,793	350,412	SH		SOLE		314,985	0	35,427
CAMBRIA ETF TR	EMRG SHAREHLDR	132061706	37,447,932	1,315,347	SH		SOLE		1,278,548	0	36,799
CAMBRIA ETF TR	GLOBAL VALUE ETF	132061409	38,193,821	1,881,469	SH		SOLE		1,756,370	0	125,099
CAMBRIA ETF TR	SHSHLD YIELD ETF	132061201	10,730,343	182,800	SH		SOLE		151,418	0	31,382
CANADIAN NAT RES LTD	COM	136385101	1,899,666	25,400	SH		SOLE		25,400	0	0
CANOPY GROWTH CORP	COM	138035100	110,880	63,360	SH		SOLE		63,360	0	0
CARDINAL HEALTH INC	COM	14149Y108	639,259	8,467	SH		SOLE		8,467	0	0
CARETRUST REIT INC	COM	14174T107	331,411	16,926	SH		SOLE		16,926	0	0
CATHAY GEN BANCORP	COM	149150104	6,504,120	188,416	SH		SOLE		188,416	0	0
CBDMD INC	COM	12482W101	52,882	271,188	SH		SOLE		271,188	0	0
CENTURY CMNTYS INC	COM	156504300	646,870	10,120	SH		SOLE		10,120	0	0
CF INDS HLDGS INC	COM	125269100	4,917,722	67,840	SH		SOLE		67,840	0	0
CHATHAM LODGING TR	COM	16208T102	288,800	27,531	SH		SOLE		27,531	0	0
CHEVRON CORP NEW	COM	166764100	548,870	3,364	SH		SOLE		3,364	0	0
CHORD ENERGY CORPORATION	COM NEW	674215207	766,412	5,694	SH		SOLE		5,694	0	0
CIVITAS RESOURCES INC	COM NEW	17888H103	8,293,606	121,358	SH		SOLE		121,358	0	0
CNX RES CORP	COM	12653C108	7,185,162	448,512	SH		SOLE		448,512	0	0
COMMERCIAL METALS CO	COM	201723103	719,221	14,708	SH		SOLE		14,708	0	0
CONOCOPHILLIPS	COM	20825C104	7,468,727	75,282	SH		SOLE		75,282	0	0
CONSOL ENERGY INC NEW	COM	20854L108	8,443,323	144,900	SH		SOLE		144,900	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	1,146,618	5,076	SH		SOLE		5,076	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	298,746	12,600	SH		SOLE		12,600	0	0
CRANE HLDGS CO	COM	224441105	7,351,395	64,770	SH		SOLE		64,770	0	0
CRESCENT PT ENERGY CORP	COM	22576C101	2,059,686	215,900	SH		SOLE		215,900	0	0
CRONOS GROUP INC	COM	22717L101	350,736	180,792	SH		SOLE		180,792	0	0
CROSS CTRY HEALTHCARE INC	COM	227483104	588,043	26,346	SH		SOLE		26,346	0	0
CTO RLTY GROWTH INC NEW	COM	22948Q101	326,214	18,900	SH		SOLE		18,900	0	0
CVR ENERGY INC	COM	12662P108	12,193,111	371,968	SH		SOLE		371,968	0	0
D R HORTON INC	COM	23331A109	610,953	6,254	SH		SOLE		6,254	0	0
DELEK US HLDGS INC NEW	COM	24665A103	569,412	24,811	SH		SOLE		24,811	0	0
DEVON ENERGY CORP NEW	COM	25179M103	6,491,036	128,256	SH		SOLE		128,256	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	635,029	4,698	SH		SOLE		4,698	0	0
DICKS SPORTING GOODS INC	COM	253393102	9,226,255	65,024	SH		SOLE		65,024	0	0
DILLARDS INC	CL A	254067101	12,406,888	40,324	SH		SOLE		40,324	0	0
DISCOVER FINL SVCS	COM	254709108	6,351,063	64,256	SH		SOLE		64,256	0	0
DOW INC	COM	260557103	7,788,826	142,080	SH		SOLE		142,080	0	0
DUPONT DE NEMOURS INC	COM	26614N102	7,679,964	107,008	SH		SOLE		107,008	0	0
DXC TECHNOLOGY CO	COM	23355L106	5,509,509	215,552	SH		SOLE		215,552	0	0
EA SERIES TRUST	INTL QUAN MOMNTM	02072L300	1,045,102	39,520	SH		SOLE		39,520	0	0
EA SERIES TRUST	US QUAN MOMENTUM	02072L409	2,098,292	46,550	SH		SOLE		46,550	0	0
EA SERIES TRUST	VAL MOMTM TRND	02072L508	1,070,636	46,219	SH		SOLE		46,219	0	0
EHEALTH INC	COM	28238P109	698,190	74,593	SH		SOLE		74,593	0	0
EMCOR GROUP INC	COM	29084Q100	606,623	3,731	SH		SOLE		3,731	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	328,595	50,631	SH		SOLE		50,631	0	0
EMPLOYERS HLDGS INC	COM	292218104	657,159	15,763	SH		SOLE		15,763	0	0
ENCORE WIRE CORP	COM	292562105	8,301,486	44,793	SH		SOLE		44,793	0	0
ENOVA INTL INC	COM	29357K103	615,444	13,852	SH		SOLE		13,852	0	0
EPR PPTYS	COM SH BEN INT	26884U109	336,042	8,820	SH		SOLE		8,820	0	0
EQUITY COMWLTH	COM SH BEN INT	294628102	279,647	13,503	SH		SOLE		13,503	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	333,900	5,565	SH		SOLE		5,565	0	0
ETHAN ALLEN INTERIORS INC	COM	297602104	7,479,665	272,384	SH		SOLE		272,384	0	0
EXXON MOBIL CORP	COM	30231G102	10,198,380	93,000	SH		SOLE		93,000	0	0
FEDERATED HERMES INC	CL B	314211103	9,022,188	224,768	SH		SOLE		224,768	0	0
FIRST HORIZON CORPORATION	COM	320517105	430,027	24,186	SH		SOLE		24,186	0	0
FIRST TR EXCHANGE-TRADED FD	MNGD FUTRS STRGY	33739G103	4,712,847	100,252	SH		SOLE		100,252	0	0
FOOT LOCKER INC	COM	344849104	8,036,273	202,476	SH		SOLE		202,476	0	0
FOUR CORNERS PPTY TR INC	COM	35086T109	375,664	13,986	SH		SOLE		13,986	0	0
FRANKLIN STR PPTYS CORP	COM	35471R106	115,395	73,500	SH		SOLE		73,500	0	0
GENWORTH FINL INC	COM CL A	37247D106	667,886	133,045	SH		SOLE		133,045	0	0
GETTY RLTY CORP NEW	COM	374297109	441,115	12,243	SH		SOLE		12,243	0	0
GLOBAL NET LEASE INC	COM NEW	379378201	327,313	25,452	SH		SOLE		25,452	0	0
GRAND CANYON ED INC	COM	38526M106	9,243,213	81,152	SH		SOLE		81,152	0	0
GRANITESHARES GOLD TR	SHS BEN INT	38748G101	16,248,709	832,840	SH		SOLE		832,840	0	0
GREEN BRICK PARTNERS INC	COM	392709101	643,421	18,352	SH		SOLE		18,352	0	0
GREENLANE HLDGS INC	CL A NEW	395330202	10,750	29,540	SH		SOLE		29,540	0	0
GREIF INC	CL A	397624107	7,235,333	114,176	SH		SOLE		114,176	0	0
GROUP 1 AUTOMOTIVE INC	COM	398905109	748,545	3,306	SH		SOLE		3,306	0	0
GROWGENERATION CORP	COM	39986L109	164,365	48,060	SH		SOLE		48,060	0	0
HAVERTY FURNITURE COS INC	COM	419596101	6,739,392	211,200	SH		SOLE		211,200	0	0
HELIX ENERGY SOLUTIONS GRP I	COM	42330P107	742,614	95,945	SH		SOLE		95,945	0	0
HERITAGE FINL CORP WASH	COM	42722X106	460,485	21,518	SH		SOLE		21,518	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	252,887	37,632	SH		SOLE		37,632	0	0
HIBBETT INC	COM	428567101	6,734,100	114,176	SH		SOLE		114,176	0	0
HILLTOP HOLDINGS INC	COM	432748101	6,782,799	228,608	SH		SOLE		228,608	0	0
HP INC	COM	40434L105	7,258,138	247,296	SH		SOLE		247,296	0	0
HUB GROUP INC	CL A	443320106	614,189	7,317	SH		SOLE		7,317	0	0
HUNTSMAN CORP	COM	447011107	6,597,919	241,152	SH		SOLE		241,152	0	0
HYDROFARM HLDGS GROUP INC	COM	44888K209	87,441	50,544	SH		SOLE		50,544	0	0
IMPERIAL OIL LTD	COM NEW	453038408	3,491,484	50,800	SH		SOLE		50,800	0	0
INGLES MKTS INC	CL A	457030104	529,894	5,974	SH		SOLE		5,974	0	0
INNOVATIVE INDL PPTYS INC	COM	45781V101	558,071	7,344	SH		SOLE		7,344	0	0
INSTEEL INDS INC	COM	45774W108	556,678	20,010	SH		SOLE		20,010	0	0
INTERNATIONAL PAPER CO	COM	460146103	5,954,227	165,120	SH		SOLE		165,120	0	0
INVENTRUST PPTYS CORP	COM NEW	46124J201	332,678	14,217	SH		SOLE		14,217	0	0
INVESCO ACTVELY MNGD ETC FD	OPTIMUM YIELD	46090F100	7,552,901	531,146	SH		SOLE		502,124	0	29,022
INVESCO DB MULTI-SECTOR COMM	PRECIOUS METAL	46140H502	14,381,745	281,774	SH		SOLE		281,774	0	0
INVESCO EXCH TRADED FD TR II	FTSE RAFI DEV	46138E743	236,144	5,360	SH		SOLE		0	0	5,360
ISHARES TR	NATIONAL MUN ETF	464288414	1,242,406	11,532	SH		SOLE		0	0	11,532
ISHARES TR	7-10 YR TRSY BD	464287440	836,077	8,435	SH		SOLE		8,435	0	0
ISHARES TR	TIPS BD ETF	464287176	799,754	7,254	SH		SOLE		7,254	0	0
ISHARES TR	GLOBAL MATER ETF	464288695	13,227,353	158,082	SH		SOLE		158,082	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	12,131,170	147,653	SH		SOLE		147,653	0	0
ISHARES TR	GLOBAL TECH ETF	464287291	13,317,548	244,988	SH		SOLE		244,988	0	0
ISHARES TR	GLOB INDSTRL ETF	464288729	13,894,110	121,718	SH		SOLE		121,718	0	0
JACKSON FINANCIAL INC	COM CL A	46817M107	615,843	16,462	SH		SOLE		16,462	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	985,094	6,732	SH		SOLE		6,732	0	0
JEFFERIES FINL GROUP INC	COM	47233W109	7,866,378	247,838	SH		SOLE		247,838	0	0
KEMPER CORP	COM	488401100	600,659	10,989	SH		SOLE		10,989	0	0
KILROY RLTY CORP	COM	49427F108	204,120	6,300	SH		SOLE		6,300	0	0
KIMCO RLTY CORP	COM	49446R109	328,104	16,800	SH		SOLE		16,800	0	0
KULICKE & SOFFA INDS INC	COM	501242101	7,245,876	137,519	SH		SOLE		137,519	0	0
LENNAR CORP	CL A	526057104	614,053	5,842	SH		SOLE		5,842	0	0
LINCOLN NATL CORP IND	COM	534187109	2,415,974	107,520	SH		SOLE		107,520	0	0
LITMAN GREGORY FDS TR	IMGP DBI MANAGED	53700T827	4,139,968	157,413	SH		SOLE		154,947	0	2,466
LKQ CORP	COM	501889208	7,861,033	138,496	SH		SOLE		138,496	0	0
LOEWS CORP	COM	540424108	8,116,882	139,898	SH		SOLE		139,898	0	0
LOUISIANA PAC CORP	COM	546347105	9,894,843	182,528	SH		SOLE		182,528	0	0
LTC PPTYS INC	COM	502175102	286,977	8,169	SH		SOLE		8,169	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	6,850,214	72,960	SH		SOLE		72,960	0	0
M/I HOMES INC	COM	55305B101	634,748	10,061	SH		SOLE		10,061	0	0
MACYS INC	COM	55616P104	5,816,195	332,544	SH		SOLE		332,544	0	0
MANPOWERGROUP INC WIS	COM	56418H100	6,951,007	84,224	SH		SOLE		84,224	0	0
MARATHON OIL CORP	COM	565849106	6,802,340	283,904	SH		SOLE		283,904	0	0
MARATHON PETE CORP	COM	56585A102	10,308,562	76,456	SH		SOLE		76,456	0	0
MASTERCRAFT BOAT HLDGS INC	COM	57637H103	576,831	18,956	SH		SOLE		18,956	0	0
MATSON INC	COM	57686G105	5,957,453	99,840	SH		SOLE		99,840	0	0
MCKESSON CORP	COM	58155Q103	12,854,117	36,102	SH		SOLE		36,102	0	0
MERITAGE HOMES CORP	COM	59001A102	637,276	5,458	SH		SOLE		5,458	0	0
METLIFE INC	COM	59156R108	6,720,925	115,998	SH		SOLE		115,998	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	317,184	2,100	SH		SOLE		2,100	0	0
MOSAIC CO NEW	COM	61945C103	11,022,028	240,236	SH		SOLE		240,236	0	0
MR COOPER GROUP INC	COM	62482R107	6,781,600	165,526	SH		SOLE		165,526	0	0
MUELLER INDS INC	COM	624756102	801,226	10,904	SH		SOLE		10,904	0	0
MYMD PHARMACEUTICALS INC	COM	62856X102	106,564	61,956	SH		SOLE		61,956	0	0
NATIONAL HEALTH INVS INC	COM	63633D104	289,209	5,607	SH		SOLE		5,607	0	0
NATIONAL RETAIL PROPERTIES I	COM	637417106	370,860	8,400	SH		SOLE		8,400	0	0
NBT BANCORP INC	COM	628778102	529,416	15,705	SH		SOLE		15,705	0	0
NEXPOINT DIVERSIFIED REL ET	COM NEW	65340G205	284,682	27,426	SH		SOLE		27,426	0	0
NUCOR CORP	COM	670346105	11,879,670	76,906	SH		SOLE		76,906	0	0
OLD REP INTL CORP	COM	680223104	637,234	25,520	SH		SOLE		25,520	0	0
OLIN CORP	COM PAR $1	680665205	8,079,690	145,580	SH		SOLE		145,580	0	0
OLYMPIC STEEL INC	COM	68162K106	630,018	12,067	SH		SOLE		12,067	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	302,195	11,025	SH		SOLE		11,025	0	0
ORGANIGRAM HLDGS INC	COM	68620P101	422,449	491,220	SH		SOLE		491,220	0	0
OVINTIV INC	COM	69047Q102	5,791,273	160,512	SH		SOLE		160,512	0	0
OWENS CORNING NEW	COM	690742101	7,435,900	77,619	SH		SOLE		77,619	0	0
OXFORD INDS INC	COM	691497309	7,649,784	72,448	SH		SOLE		72,448	0	0
PARAMOUNT GROUP INC	COM	69924R108	210,672	46,200	SH		SOLE		46,200	0	0
PATHWARD FINANCIAL INC	COM	59100U108	566,712	13,659	SH		SOLE		13,659	0	0
PATRICK INDS INC	COM	703343103	605,046	8,793	SH		SOLE		8,793	0	0
PBF ENERGY INC	CL A	69318G106	819,287	18,895	SH		SOLE		18,895	0	0
PDC ENERGY INC	COM	69327R101	8,810,117	137,272	SH		SOLE		137,272	0	0
PEABODY ENERGY CORP	COM	704551100	691,917	27,028	SH		SOLE		27,028	0	0
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	11,548,581	81,437	SH		SOLE		81,437	0	0
PERDOCEO ED CORP	COM	71363P106	657,076	48,926	SH		SOLE		48,926	0	0
PERMIAN RESOURCES CORP	CLASS A COM	71424F105	807,839	76,937	SH		SOLE		76,937	0	0
PHILIP MORRIS INTL INC	COM	718172109	777,222	7,992	SH		SOLE		7,992	0	0
PHOTRONICS INC	COM	719405102	526,979	31,784	SH		SOLE		31,784	0	0
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	153,300	21,000	SH		SOLE		21,000	0	0
PIONEER NAT RES CO	COM	723787107	6,378,824	31,232	SH		SOLE		31,232	0	0
PLAINS GP HLDGS L P	LTD PARTNR INT A	72651A207	9,051,147	689,874	SH		SOLE		689,874	0	0
PRINCIPAL FINANCIAL GROUP IN	COM	74251V102	9,019,773	121,364	SH		SOLE		121,364	0	0
PUBLIC STORAGE	COM	74460D109	444,146	1,470	SH		SOLE		1,470	0	0
PULTE GROUP INC	COM	745867101	10,041,935	172,305	SH		SOLE		172,305	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	6,591,836	46,592	SH		SOLE		46,592	0	0
REGIONS FINANCIAL CORP NEW	COM	7591EP100	487,645	26,274	SH		SOLE		26,274	0	0
RELIANCE STEEL & ALUMINUM CO	COM	759509102	12,363,058	48,154	SH		SOLE		48,154	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	293,160	21,000	SH		SOLE		21,000	0	0
REXFORD INDL RLTY INC	COM	76169C100	375,795	6,300	SH		SOLE		6,300	0	0
RPT REALTY	SH BEN INT	74971D101	279,594	29,400	SH		SOLE		29,400	0	0
RYDER SYS INC	COM	783549108	7,428,873	83,246	SH		SOLE		83,246	0	0
RYERSON HLDG CORP	COM	783754104	13,336,253	366,582	SH		SOLE		366,582	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	306,222	26,628	SH		SOLE		26,628	0	0
SANMINA CORPORATION	COM	801056102	9,534,018	156,321	SH		SOLE		156,321	0	0
SAUL CTRS INC	COM	804395101	327,600	8,400	SH		SOLE		8,400	0	0
SCHOLASTIC CORP	COM	807066105	589,474	17,226	SH		SOLE		17,226	0	0
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	5,214,993	97,276	SH		SOLE		75,839	0	21,437
SCIPLAY CORPORATION	CL A	809087109	616,716	36,363	SH		SOLE		36,363	0	0
SCOTTS MIRACLE-GRO CO	CL A	810186106	803,405	11,520	SH		SOLE		11,520	0	0
SITE CTRS CORP	COM	82981J109	309,456	25,200	SH		SOLE		25,200	0	0
SLM CORP	COM	78442P106	5,043,226	407,040	SH		SOLE		407,040	0	0
SMITH & WESSON BRANDS INC	COM	831754106	5,820,562	472,832	SH		SOLE		472,832	0	0
SNDL INC	COM	83307B101	280,685	175,428	SH		SOLE		175,428	0	0
SPDR SER TR	FTSE INT GVT ETF	78464A490	3,977,061	92,019	SH		SOLE		92,019	0	0
SPIRIT RLTY CAP INC NEW	COM NEW	84860W300	330,473	8,295	SH		SOLE		8,295	0	0
STEEL DYNAMICS INC	COM	858119100	9,508,685	84,103	SH		SOLE		84,103	0	0
SUNCOKE ENERGY INC	COM	86722A103	742,718	82,708	SH		SOLE		82,708	0	0
SUNCOR ENERGY INC NEW	COM	867224107	2,131,568	50,800	SH		SOLE		50,800	0	0
SYLVAMO CORP	COMMON STOCK	871332102	7,077,502	152,994	SH		SOLE		152,994	0	0
SYNCHRONY FINANCIAL	COM	87165B103	4,608,133	158,464	SH		SOLE		158,464	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	355,754	18,123	SH		SOLE		18,123	0	0
TAPESTRY INC	COM	876030107	8,453,699	196,096	SH		SOLE		196,096	0	0
TAYLOR MORRISON HOME CORP	COM	87724P106	631,558	16,507	SH		SOLE		16,507	0	0
THE CIGNA GROUP	COM	125523100	7,990,935	31,272	SH		SOLE		31,272	0	0
THE NECESSITY RETAIL REIT IN	COM CLASS A	02607T109	341,305	54,348	SH		SOLE		54,348	0	0
THE ODP CORP	COM	88337F105	7,684,608	170,845	SH		SOLE		170,845	0	0
TILRAY BRANDS INC	COM	88688T100	406,308	160,596	SH		SOLE		160,596	0	0
TIMKENSTEEL CORPORATION	COM	887399103	921,182	50,228	SH		SOLE		50,228	0	0
TOLL BROTHERS INC	COM	889478103	10,960,337	182,581	SH		SOLE		182,581	0	0
TRAVELERS COMPANIES INC	COM	89417E109	825,168	4,814	SH		SOLE		4,814	0	0
TURNING PT BRANDS INC	COM	90041L105	530,712	25,272	SH		SOLE		25,272	0	0
UNITED STATES STL CORP NEW	COM	912909108	7,912,815	303,173	SH		SOLE		303,173	0	0
UNIVERSAL CORP VA	COM	913456109	571,212	10,800	SH		SOLE		10,800	0	0
UNIVERSAL HEALTH RLTY INCOME	SH BEN INT	91359E105	356,639	7,413	SH		SOLE		7,413	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	7,255,885	57,088	SH		SOLE		57,088	0	0
UNUM GROUP	COM	91529Y106	844,369	21,344	SH		SOLE		21,344	0	0
URBAN-GRO INC	COM NEW	91704K202	104,782	38,808	SH		SOLE		38,808	0	0
URSTADT BIDDLE PPTYS INC	CL A	917286205	368,970	21,000	SH		SOLE		21,000	0	0
VALERO ENERGY CORP	COM	91913Y100	11,007,321	78,849	SH		SOLE		78,849	0	0
VANECK ETF TRUST	INTERNATIONAL HI	92189F445	1,054,087	52,364	SH		SOLE		52,364	0	0
VANECK ETF TRUST	JP MRGAN EM LOC	92189H300	13,088,521	518,357	SH		SOLE		473,391	0	44,966
VANECK ETF TRUST	EMERGING MRKT HI	92189F353	15,534,083	843,327	SH		SOLE		843,327	0	0
VANECK ETF TRUST	GOLD MINERS ETF	92189F106	13,621,355	421,062	SH		SOLE		421,062	0	0
VANGUARD BD INDEX FDS	TOTAL BND MRKT	921937835	12,652,975	171,380	SH		SOLE		149,092	0	22,288
VANGUARD CHARLOTTE FDS	TOTAL INT BD ETF	92203J407	3,341,552	68,306	SH		SOLE		67,649	0	657
VANGUARD MUN BD FDS	TAX EXEMPT BD	922907746	529,593	10,454	SH		SOLE		0	0	10,454
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	1,600,389	19,950	SH		SOLE		19,950	0	0
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	1,080,484	14,174	SH		SOLE		14,174	0	0
VANGUARD SCOTTSDALE FDS	LONG TERM TREAS	92206C847	1,944,206	29,678	SH		SOLE		29,678	0	0
VANGUARD SCOTTSDALE FDS	INTER TERM TREAS	92206C706	11,421,661	190,488	SH		SOLE		190,488	0	0
VERADIGM INC	COM	01988P108	4,179,341	320,256	SH		SOLE		320,256	0	0
VERITIV CORP	COM	923454102	11,774,207	87,126	SH		SOLE		87,126	0	0
VICI PPTYS INC	COM	925652109	479,514	14,700	SH		SOLE		14,700	0	0
VILLAGE FARMS INTL INC	COM	92707Y108	104,819	126,288	SH		SOLE		126,288	0	0
VISTRA CORP	COM	92840M102	566,544	23,606	SH		SOLE		23,606	0	0
VOYA FINANCIAL INC	COM	929089100	8,096,990	113,308	SH		SOLE		113,308	0	0
WARRIOR MET COAL INC	COM	93627C101	643,012	17,516	SH		SOLE		17,516	0	0
WESBANCO INC	COM	950810101	535,562	17,445	SH		SOLE		17,445	0	0
WEST FRASER TIMBER CO LTD	COM	952845105	1,224,280	12,700	SH		SOLE		12,700	0	0
WESTERN UN CO	COM	959802109	3,967,616	355,840	SH		SOLE		355,840	0	0
WESTLAKE CORPORATION	COM	960413102	675,815	5,827	SH		SOLE		5,827	0	0
WHIRLPOOL CORP	COM	963320106	5,948,293	45,056	SH		SOLE		45,056	0	0
WHITESTONE REIT	COM	966084204	345,248	37,527	SH		SOLE		37,527	0	0
WISDOMTREE TR	WISDOMTREE US VA	97717W547	200,802	3,424	SH		SOLE		0	0	3,424
WISDOMTREE TR	FUTRE STRAT FD	97717W125	3,231,082	96,278	SH		SOLE		0	0	96,278
WISDOMTREE TR	EM LCL DEBT FD	97717X867	13,001,132	480,289	SH		SOLE		476,099	0	4,190
WM TECHNOLOGY INC	COM	92971A109	58,208	68,544	SH		SOLE		68,544	0	0
WP CAREY INC	COM	92936U109	352,940	4,557	SH		SOLE		4,557	0	0
XEROX HOLDINGS CORP	COM NEW	98421M106	4,758,477	308,992	SH		SOLE		308,992	0	0
ZUMIEZ INC	COM	989817101	4,404,357	238,848	SH		SOLE		238,848	0	0

Cambria Investment Management 13F-HRQuarterly holdings report by institutional manager