Foundry Partners 13FHR Quarterly holdings report by institutional manager | SEC 12 Jul 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
ABBVIE INC	COM	00287Y109	518,710	3,850	SH		SOLE	0	0	0	3,850
ACCO BRANDS CORP	COM	00081T108	3,218,983	617,847	SH		SOLE	0	225,479	0	392,368
ACCURAY INC	COM	004397105	5,799,582	1,498,600	SH		SOLE	0	547,560	0	951,040
ADTRAN HOLDINGS	COM	00486H105	3,432,580	325,981	SH		SOLE	0	118,012	0	207,969
ADVANCED MICRO DEVICES	COM	007903107	300,722	2,640	SH		SOLE	0	0	0	2,640
ADVANSIX INC	COM	00773T101	3,265,313	93,348	SH		SOLE	0	93,348	0	0
AES CORP	COM	00130H105	8,885,168	428,614	SH		SOLE	0	291,614	0	137,000
AGCO CORP	COM	001084102	300,689	2,288	SH		SOLE	0	669	0	1,619
AGILENT TECHNOLOGIES INC	COM	00846U101	398,989	3,318	SH		SOLE	0	971	0	2,347
ALAMOS GOLD INC	COM	011532108	6,714,858	563,327	SH		SOLE	0	532,547	0	30,780
ALBEMARLE CORP	COM	012653101	342,220	1,534	SH		SOLE	0	447	0	1,087
ALEXANDER & BALDWIN INC	REIT	014491104	534,286	28,756	SH		SOLE	0	7,306	0	21,450
ALLISON TRANS HOLDINGS	COM	01973R101	9,189,712	162,765	SH		SOLE	0	162,765	0	0
ALPHABET INC A	COM	02079K305	578,749	4,835	SH		SOLE	0	0	0	4,835
ALPINE INCOME	REIT	02083X103	3,302,894	203,255	SH		SOLE	0	74,445	0	128,810
ALTA EQUIPMENT GROUP	COM	02128L106	3,313,323	191,190	SH		SOLE	0	67,935	0	123,255
ALTRIA GROUP	COM	02209S103	25,211,715	556,550	SH		SOLE	0	383,775	0	172,775
AMAZON.COM	COM	023135106	299,828	2,300	SH		SOLE	0	0	0	2,300
AMERANT BANCORP	COM	023576101	2,331,136	135,610	SH		SOLE	0	49,600	0	86,010
AMERICAN PUBLIC EDUCATION	COM	02913V103	1,676,751	353,745	SH		SOLE	0	129,545	0	224,200
AMERIPRISE FINANCIAL	COM	03076C106	30,669,329	92,333	SH		SOLE	0	63,978	0	28,355
AMERISAFE INC	COM	03071H100	3,993,401	74,895	SH		SOLE	0	27,310	0	47,585
AMPHENOL CORP-CL A	COM	032095101	1,181,230	13,905	SH		SOLE	0	1,567	0	12,338
ANTERO RESOURCES	COM	03674X106	344,206	14,946	SH		SOLE	0	997	0	13,949
APPLE HOSPITALITY REIT	REIT	03784Y200	4,413,404	292,085	SH		SOLE	0	292,085	0	0
APPLE INC	COM	037833100	726,418	3,745	SH		SOLE	0	0	0	3,745
APPLIED INDUSTRIAL TECH	COM	03820C105	250,556	1,730	SH		SOLE	0	0	0	1,730
APPLIED MATERIALS INC	COM	038222105	14,465,130	100,077	SH		SOLE	0	70,787	0	29,290
ARISTA NETWORKS INC	COM	040413106	433,186	2,673	SH		SOLE	0	782	0	1,891
ARTESIAN RESOURCES CORP	COM	043113208	4,862,149	102,968	SH		SOLE	0	35,129	0	67,839
ASSOCIATED BANC CORP	COM	045487105	3,378,291	208,151	SH		SOLE	0	195,916	0	12,235
AT & T INC COM	COM	00206R102	20,929,957	1,312,223	SH		SOLE	0	928,473	0	383,750
ATKORE INC	COM	047649108	3,876,045	24,856	SH		SOLE	0	24,856	0	0
AVANOS MEDICAL	COM	05350V106	4,434,353	173,488	SH		SOLE	0	160,883	0	12,605
AXOS FINANCIAL INC	COM	05465C100	383,909	9,734	SH		SOLE	0	2,674	0	7,060
AXT INC	COM	00246W103	962,529	279,805	SH		SOLE	0	102,115	0	177,690
B&G FOODS INC	COM	05508R106	3,172,507	227,910	SH		SOLE	0	78,760	0	149,150
BABCOCK & WILCOX	COM	05614L209	1,640,324	278,021	SH		SOLE	0	101,491	0	176,530
BANC OF CALIFORNIA	COM	05990K106	3,290,167	284,125	SH		SOLE	0	100,380	0	183,745
BANK OF NEW YORK MELLON	COM	064058100	14,378,624	322,970	SH		SOLE	0	228,470	0	94,500
BANNER CORP	COM	06652V208	438,359	10,038	SH		SOLE	0	2,493	0	7,545
BAR HARBOR BANKSHARES	COM	066849100	2,394,269	97,170	SH		SOLE	0	35,330	0	61,840
BARRETT BUSINESS SVCS INC	COM	068463108	4,629,012	53,085	SH		SOLE	0	19,390	0	33,695
BAXTER INTERNATIONAL INC	COM	071813109	15,794,103	346,666	SH		SOLE	0	245,241	0	101,425
BEAZER HOMES USA	COM	07556Q881	2,103,220	74,345	SH		SOLE	0	26,935	0	47,410
BENCHMARK ELECTRONICS	COM	08160H101	3,011,391	116,585	SH		SOLE	0	42,325	0	74,260
BERRY CORP	COM	08579X101	3,266,555	474,790	SH		SOLE	0	474,790	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	276,336	3,188	SH		SOLE	0	933	0	2,255
BIO-TECHNE CORP	COM	09073M104	379,253	4,646	SH		SOLE	0	1,112	0	3,534
BLOOMIN' BRANDS INC	COM	094235108	3,497,125	130,053	SH		SOLE	0	130,053	0	0
BLUELINX HLDGS INC COM	COM	09624H208	4,170,678	44,473	SH		SOLE	0	44,473	0	0
BORGWARNER INC	COM	099724106	12,353,688	252,580	SH		SOLE	0	178,655	0	73,925
BRIDGEWATER BANCSHARES	COM	108621103	663,644	67,375	SH		SOLE	0	24,490	0	42,885
BROWN & BROWN INC COM	COM	115236101	298,834	4,341	SH		SOLE	0	1,270	0	3,071
BUILD A BEAR WORKSHOP COM	COM	120076104	2,837,079	132,450	SH		SOLE	0	132,450	0	0
CADENCE DESIGN SYS INC	COM	127387108	629,217	2,683	SH		SOLE	0	785	0	1,898
CAESARS ENTERTAINMENT	COM	12769G100	241,598	4,740	SH		SOLE	0	1,386	0	3,354
CARPENTER TECHNOLOGY	COM	144285103	558,437	9,949	SH		SOLE	0	2,664	0	7,285
CASS INFORMATION SYS COM	COM	14808P109	4,382,140	113,000	SH		SOLE	0	41,045	0	71,955
CATERPILLAR INC	COM	149123101	21,697,919	88,185	SH		SOLE	0	61,010	0	27,175
CECO ENVIRONMENTAL	COM	125141101	1,997,988	149,550	SH		SOLE	0	54,535	0	95,015
CELESTICA INC SUB VTG SHS	COM	15101Q108	4,019,429	277,202	SH		SOLE	0	277,202	0	0
CENTURY CASINOS INC	COM	156492100	3,300,044	464,795	SH		SOLE	0	170,855	0	293,940
CHATHAM LODGING TRUST	REIT	16208T102	1,043,219	111,455	SH		SOLE	0	40,680	0	70,775
CHIPOTLE MEXICAN GRILL	COM	169656105	378,603	177	SH		SOLE	0	52	0	125
CHORD ENERGY	COM	674215207	5,882,850	38,250	SH		SOLE	0	38,250	0	0
CISCO SYSTEMS	COM	17275R102	16,500,093	318,904	SH		SOLE	0	218,854	0	100,050
CITIGROUP INC	COM	172967424	26,142,571	567,823	SH		SOLE	0	401,773	0	166,050
CIVITAS RESOURCES	COM	17888H103	379,454	5,470	SH		SOLE	0	1,640	0	3,830
COCA COLA BOTTLNG CONS COM	COM	191098102	3,564,892	5,605	SH		SOLE	0	5,605	0	0
COCA-COLA EUROPACIFIC	COM	G25839104	15,011,288	232,986	SH		SOLE	0	164,786	0	68,200
COHU INC	COM	192576106	6,711,566	161,491	SH		SOLE	0	155,361	0	6,130
COLLEGIUM PHARMACEUTICAL	COM	19459J104	3,451,036	160,588	SH		SOLE	0	160,588	0	0
COLUMBUS MCKINNON	COM	199333105	4,251,990	104,600	SH		SOLE	0	36,535	0	68,065
COMCAST CORP-CLASS A	COM	20030N101	20,402,296	491,030	SH		SOLE	0	347,355	0	143,675
COMMUNITY HEALTHCARE TRUST	REIT	20369C106	4,729,752	143,239	SH		SOLE	0	51,874	0	91,365
COMPUTER PROG & SYSTEMS	COM	205306103	4,660,954	188,779	SH		SOLE	0	67,669	0	121,110
COMPUTER TASK GROUP	COM	205477102	1,347,472	177,066	SH		SOLE	0	64,511	0	112,555
COMSTOCK RESOURCES INC	COM	205768302	4,213,758	363,255	SH		SOLE	0	363,255	0	0
CONCENTRIX CORP	COM	20602D101	3,131,808	38,784	SH		SOLE	0	38,784	0	0
CONSTELLATION ENERGY	COM	21037T109	12,695,513	138,673	SH		SOLE	0	98,116	0	40,557
CORECIVIC INC	REIT	21871N101	5,284,101	561,541	SH		SOLE	0	561,541	0	0
COVENANT LOGISTICS	COM	22284P105	4,329,221	98,773	SH		SOLE	0	98,773	0	0
CRA INTERNATIONAL	COM	12618T105	4,424,250	43,375	SH		SOLE	0	15,795	0	27,580
CRAWFORD & COMPANY CLASS A	COM	224633206	1,790,381	161,441	SH		SOLE	0	58,741	0	102,700
CROSS COUNTRY HEALTH	COM	227483104	7,574,271	269,739	SH		SOLE	0	192,484	0	77,255
CTO REALTY GROWTH	REIT	22948Q101	3,428,960	200,056	SH		SOLE	0	72,405	0	127,651
CVS HEALTH	COM	126650100	17,155,646	248,165	SH		SOLE	0	170,980	0	77,185
DARDEN RESTAURANTS INC	COM	237194105	17,950,741	107,438	SH		SOLE	0	76,038	0	31,400
DELTA AIRLINES	COM	247361702	27,641,182	581,430	SH		SOLE	0	405,310	0	176,120
DEXCOM INC	COM	252131107	576,367	4,485	SH		SOLE	0	1,312	0	3,173
DIAMONDROCK HOSPITALITY	REIT	252784301	200,170	24,990	SH		SOLE	0	0	0	24,990
DIME COMMUNITY BANCSHARES	COM	25432X102	2,498,524	141,720	SH		SOLE	0	48,951	0	92,769
DOMINO'S PIZZA INC	COM	25754A201	225,109	668	SH		SOLE	0	195	0	473
DONEGAL GROUP INC - CL A	COM	257701201	3,626,403	251,310	SH		SOLE	0	91,705	0	159,605
DR HORTON INC	COM	23331A109	293,395	2,411	SH		SOLE	0	703	0	1,708
DRIL-QUIP INC	COM	262037104	3,275,602	140,765	SH		SOLE	0	49,135	0	91,630
DUCOMMUN INC	COM	264147109	5,253,191	120,569	SH		SOLE	0	43,188	0	77,381
DUKE ENERGY CORP	COM	26441C204	28,813,899	321,082	SH		SOLE	0	227,182	0	93,900
EARTHSTONE ENERGY	COM	27032D304	263,650	18,450	SH		SOLE	0	5,375	0	13,075
EDGEWELL PERSONAL CARE	COM	28035Q102	425,700	10,305	SH		SOLE	0	2,760	0	7,545
EDWARDS LIFESCIENCES CORP	COM	28176E108	415,052	4,400	SH		SOLE	0	0	0	4,400
ELEVANCE HEALTH, INC	COM	036752103	20,191,203	45,446	SH		SOLE	0	32,101	0	13,345
EMERSON ELECTRIC CO	COM	291011104	18,603,437	205,813	SH		SOLE	0	141,163	0	64,650
EMPIRE STATE REALTY TRUST INC	REIT	292104106	5,084,661	678,860	SH		SOLE	0	678,860	0	0
ENACT HOLDINGS INC	COM	29249E109	2,945,085	117,194	SH		SOLE	0	117,194	0	0
ENERPLUS CORPORATION	COM	292766102	5,197,291	359,177	SH		SOLE	0	359,177	0	0
ENERSYS	COM	29275Y102	329,358	3,035	SH		SOLE	0	0	0	3,035
ENHABIT INC	COM	29332G102	3,221,495	280,130	SH		SOLE	0	102,375	0	177,755
ENOVA HOLDINGS INC	COM	29357K103	6,343,909	119,426	SH		SOLE	0	119,426	0	0
ENTEGRIS INC	COM	29362U104	250,232	2,258	SH		SOLE	0	660	0	1,598
ENTRAVISION COMM A	COM	29382R107	2,330,629	530,895	SH		SOLE	0	192,780	0	338,115
EOG RESOURCES	COM	26875P101	292,966	2,560	SH		SOLE	0	0	0	2,560
EPAM SYSTEMS INC	COM	29414B104	215,535	959	SH		SOLE	0	280	0	679
ESSENTIAL PROPERTIES REALTY	REIT	29670E107	438,903	18,645	SH		SOLE	0	5,550	0	13,095
ETHAN ALLEN INTERIORS INC	COM	297602104	4,999,084	176,771	SH		SOLE	0	176,771	0	0
EVEREST RE GROUP LTD COM	COM	G3223R108	208,876	611	SH		SOLE	0	178	0	433
EVOLUTION PETROLEUM	COM	30049A107	3,284,756	407,033	SH		SOLE	0	148,812	0	258,221
FAIR ISAAC CORP	COM	303250104	1,022,032	1,263	SH		SOLE	0	211	0	1,052
FEDERAL AGRIC MTG C	COM	313148306	6,358,339	44,235	SH		SOLE	0	15,500	0	28,735
FIRST BANCORP INC ME	COM	31866P102	988,204	40,600	SH		SOLE	0	14,745	0	25,855
FIRST BANK	COM	31931U102	904,928	87,180	SH		SOLE	0	31,710	0	55,470
FIRST FINANCIAL	COM	320218100	1,760,036	54,205	SH		SOLE	0	19,730	0	34,475
FIRST INTERNET BANC	COM	320557101	941,119	63,375	SH		SOLE	0	23,245	0	40,130
FIVE BELOW	COM	33829M101	345,517	1,758	SH		SOLE	0	514	0	1,244
FORTINET INC	COM	34959E109	457,017	6,046	SH		SOLE	0	1,771	0	4,275
FREEPORT-MCMORAN	COM	35671D857	10,501,320	262,533	SH		SOLE	0	185,758	0	76,775
GENERAC HOLDINGS INC	COM	368736104	403,248	2,704	SH		SOLE	0	788	0	1,916
GENERAL MOTORS CO	COM	37045V100	13,214,936	342,711	SH		SOLE	0	242,436	0	100,275
GENWORTH FINANCIAL INC-CL A	COM	37247D106	3,359,940	671,988	SH		SOLE	0	671,988	0	0
GILEAD SCIENCES	COM	375558103	16,941,604	219,821	SH		SOLE	0	155,521	0	64,300
GLOBAL SHIP LEASE INC CL A	COM	Y27183600	4,953,674	255,344	SH		SOLE	0	89,899	0	165,445
GLOBANT	COM	L44385109	212,249	1,181	SH		SOLE	0	345	0	836
GOLDMAN SACHS	COM	38141G104	13,911,795	43,132	SH		SOLE	0	29,462	0	13,670
GROUP 1 AUTOMOTIVE INC	COM	398905109	3,358,913	13,014	SH		SOLE	0	13,014	0	0
GUESS INC	COM	401617105	3,870,667	199,006	SH		SOLE	0	199,006	0	0
HANCOCK WHITNEY CORP	COM	410120109	6,173,500	160,852	SH		SOLE	0	156,702	0	4,150
HANMI FINANCIAL CORP	COM	410495204	666,475	44,640	SH		SOLE	0	16,275	0	28,365
HARLEY-DAVIDSON INC	COM	412822108	3,446,320	97,879	SH		SOLE	0	97,879	0	0
HARTFORD FINANCIAL SERVICES	COM	416515104	18,640,432	258,823	SH		SOLE	0	183,098	0	75,725
HAWKINS INC	COM	420261109	3,039,951	63,744	SH		SOLE	0	23,265	0	40,479
HAYNES INTERNATIONAL	COM	420877201	4,751,162	93,490	SH		SOLE	0	34,180	0	59,310
HEALTHCARE SVCS GP	COM	421906108	1,686,493	112,960	SH		SOLE	0	41,223	0	71,737
HELIX ENERGY SOLUTIONS	COM	42330P107	4,429,432	600,194	SH		SOLE	0	218,603	0	381,591
HERSHEY COMPANY	COM	427866108	350,329	1,403	SH		SOLE	0	410	0	993
HESS CORP	COM	42809H107	236,009	1,736	SH		SOLE	0	506	0	1,230
HILLENBRAND INC	COM	431571108	5,960,018	116,225	SH		SOLE	0	116,225	0	0
HOME DEPOT INC	COM	437076102	473,726	1,525	SH		SOLE	0	0	0	1,525
HOMETRUST BANCSHARES	COM	437872104	1,762,907	84,390	SH		SOLE	0	30,675	0	53,715
HOPE BANCORP	COM	43940T109	3,192,451	379,151	SH		SOLE	0	379,151	0	0
HORACE MANN EDUCATORS	COM	440327104	487,492	16,436	SH		SOLE	0	3,921	0	12,515
HORIZON BANCORP INC	COM	440407104	791,254	76,009	SH		SOLE	0	27,734	0	48,275
HOWMET AEROSPACE	COM	443201108	422,301	8,521	SH		SOLE	0	2,493	0	6,028
HUBSPOT INC	COM	443573100	269,770	507	SH		SOLE	0	146	0	361
HUDBAY MINERALS INC	COM	443628102	4,552,440	948,425	SH		SOLE	0	948,425	0	0
HUDSON TECHNOLOGIES COM	COM	444144109	4,679,957	486,482	SH		SOLE	0	486,482	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	10,290,901	954,629	SH		SOLE	0	675,429	0	279,200
IDEXX LABORATORIES INC	COM	45168D104	575,053	1,145	SH		SOLE	0	335	0	810
IDT CORP CL B	COM	448947507	3,202,686	123,895	SH		SOLE	0	43,060	0	80,835
IMAX CORP	COM	45245E109	5,505,660	324,053	SH		SOLE	0	115,413	0	208,640
INDEPENDENT BANK MI	COM	453838609	3,678,370	216,885	SH		SOLE	0	79,460	0	137,425
INGLES MARKETS INC - CL A	COM	457030104	5,372,829	65,007	SH		SOLE	0	65,007	0	0
INMODE LTD	COM	M5425M103	3,388,392	90,720	SH		SOLE	0	90,720	0	0
INSPIRED ENTERTAINMENT	COM	45782N108	4,147,632	281,960	SH		SOLE	0	102,395	0	179,565
INTEGER HOLDINGS CORP	COM	45826H109	586,775	6,622	SH		SOLE	0	1,897	0	4,725
INTERNATIONAL SEAWAYS INC	COM	Y41053102	275,481	7,204	SH		SOLE	0	1,534	0	5,670
INTERPUBLIC GROUP OF COS INC	COM	460690100	10,882,299	282,071	SH		SOLE	0	199,471	0	82,600
INTL BUSINESS MACHINES CORP	COM	459200101	14,933,330	111,601	SH		SOLE	0	78,976	0	32,625
INTREPID POTASH INC	COM	46121Y201	2,878,249	126,851	SH		SOLE	0	45,033	0	81,818
IRONWOOOD PHARMA CL A	COM	46333X108	5,127,437	481,902	SH		SOLE	0	481,902	0	0
JABIL INC	COM	466313103	9,984,496	92,509	SH		SOLE	0	65,459	0	27,050
JAMES RIVER GROUP HOLDINGS	COM	G5005R107	5,396,579	295,541	SH		SOLE	0	104,276	0	191,265
JOHNSON & JOHNSON	COM	478160104	27,451,161	165,848	SH		SOLE	0	114,498	0	51,350
JPMORGAN CHASE	COM	46625H100	43,956,913	302,234	SH		SOLE	0	210,314	0	91,920
JUNIPER NETWORKS INC	COM	48203R104	14,579,572	465,355	SH		SOLE	0	329,205	0	136,150
KB HOME	COM	48666K109	3,161,394	61,137	SH		SOLE	0	61,137	0	0
KELLY SERVICES INC -A	COM	488152208	1,545,366	87,755	SH		SOLE	0	32,060	0	55,695
KEMPER CORP	COM	488401100	387,238	8,024	SH		SOLE	0	1,549	0	6,475
KEYSIGHT TECHNOLOGIES	COM	49338L103	414,439	2,475	SH		SOLE	0	723	0	1,752
KIMBALL ELECTRONICS	COM	49428J109	4,081,642	147,725	SH		SOLE	0	54,770	0	92,955
KLA CORP	COM	482480100	296,347	611	SH		SOLE	0	178	0	433
KROGER CO	COM	501044101	22,997,288	489,304	SH		SOLE	0	340,044	0	149,260
LAKELAND BANCORP	COM	511637100	3,042,342	227,210	SH		SOLE	0	83,120	0	144,090
LAM RESEARCH CORP	COM	512807108	292,501	455	SH		SOLE	0	0	0	455
LANDSEA HOMES CORP	COM	51509P103	3,568,590	382,076	SH		SOLE	0	136,029	0	246,047
LAZARD LTD-CL A	COM	G54050102	5,705,536	178,298	SH		SOLE	0	178,298	0	0
LENNOX INTL INC	COM	526107107	379,872	1,165	SH		SOLE	0	341	0	824
LKQ CORP	COM	501889208	16,213,686	278,251	SH		SOLE	0	196,851	0	81,400
LULULEMON ATHLETICA INC	COM	550021109	816,803	2,158	SH		SOLE	0	346	0	1,812
LUTHER BURBANK CORP	COM	550550107	2,405,992	269,730	SH		SOLE	0	97,975	0	171,755
LYONDELLBASELL INDU-CL A	COM	N53745100	16,143,530	175,798	SH		SOLE	0	124,373	0	51,425
MAXLINEAR INC A	COM	57776J100	5,095,046	161,440	SH		SOLE	0	161,440	0	0
MERCK & CO	COM	58933Y105	21,423,077	185,658	SH		SOLE	0	131,393	0	54,265
META PLATFORMS INC	COM	30303M102	231,019	805	SH		SOLE	0	0	0	805
MGE ENERGY INC COM	COM	55277P104	328,702	4,155	SH		SOLE	0	0	0	4,155
MGIC INVT CORP WIS	COM	552848103	8,092,012	512,477	SH		SOLE	0	512,477	0	0
MICROSOFT CORP	COM	594918104	730,458	2,145	SH		SOLE	0	0	0	2,145
MID-AMER APARTMENT	REIT	59522J103	9,398,767	61,891	SH		SOLE	0	43,796	0	18,095
MINERALS TECHNOLOGIES INC	COM	603158106	4,444,726	77,045	SH		SOLE	0	73,370	0	3,675
MISTRAS GROUP	COM	60649T107	2,403,939	311,391	SH		SOLE	0	113,982	0	197,409
MOLSON COORS BEVERAGE - CL B	COM	60871R209	10,231,141	155,394	SH		SOLE	0	109,944	0	45,450
MONOLITHIC POWER SYSTEMS	COM	609839105	693,115	1,283	SH		SOLE	0	216	0	1,067
MOOG INC CL A	COM	615394202	6,607,833	60,941	SH		SOLE	0	57,881	0	3,060
MOSAIC CO/THE	COM	61945C103	403,130	11,518	SH		SOLE	0	1,439	0	10,079
MOVADO GROUP INC COM	COM	624580106	2,365,333	88,160	SH		SOLE	0	88,160	0	0
MSCI INC	COM	55354G100	378,248	806	SH		SOLE	0	236	0	570
MURPHY OIL CORP	COM	626717102	3,475,610	90,747	SH		SOLE	0	90,747	0	0
MYERS INDS INC	COM	628464109	2,547,914	131,133	SH		SOLE	0	47,407	0	83,726
NATIONAL FUEL GAS CO	COM	636180101	8,127,977	158,255	SH		SOLE	0	158,255	0	0
NATURAL GROCERS	COM	63888U108	3,313,093	270,236	SH		SOLE	0	98,620	0	171,616
NEWMARK GROUP INC	REIT	65158N102	3,563,873	572,970	SH		SOLE	0	572,970	0	0
NEWMONT MINING CORP	COM	651639106	6,966,463	163,302	SH		SOLE	0	115,502	0	47,800
NORTHEAST BANCORP	COM	66405S100	3,181,630	76,353	SH		SOLE	0	28,217	0	48,136
NORTHWEST PIPE	COM	667746101	4,948,927	163,655	SH		SOLE	0	59,675	0	103,980
NORTHWESTERN CORP	COM	668074305	303,098	5,340	SH		SOLE	0	0	0	5,340
NORTWEST NATURAL HOLDING	COM	66765N105	645,621	14,997	SH		SOLE	0	4,547	0	10,450
NOW INC	COM	67011P100	1,822,034	175,872	SH		SOLE	0	64,187	0	111,685
NVE CORP	COM	629445206	1,814,820	18,625	SH		SOLE	0	6,780	0	11,845
NVIDIA CORP	COM	67066G104	619,724	1,465	SH		SOLE	0	0	0	1,465
OCEANFIRST FINL CORP	COM	675234108	206,059	13,192	SH		SOLE	0	5,152	0	8,040
OIL STATES INTL	COM	678026105	6,926,625	927,259	SH		SOLE	0	662,619	0	264,640
OIL-DRI CORP OF AMERICA	COM	677864100	5,445,662	92,315	SH		SOLE	0	33,720	0	58,595
OLD DOMINION FREIGHT	COM	679580100	417,817	1,130	SH		SOLE	0	330	0	800
OLD NATIONAL BANCORP	COM	680033107	270,450	19,401	SH		SOLE	0	6,666	0	12,735
ON SEMICONDUCTOR CORP	COM	682189105	511,205	5,405	SH		SOLE	0	1,581	0	3,824
ONE GAS INC	COM	68235P108	351,022	4,570	SH		SOLE	0	0	0	4,570
ORACLE CORPORATION	COM	68389X105	13,570,067	113,948	SH		SOLE	0	80,648	0	33,300
O'REILLY AUTOMOTIVE INC	COM	67103H107	444,214	465	SH		SOLE	0	136	0	329
PACKAGING CORP OF AMERICA	COM	695156109	8,408,284	63,622	SH		SOLE	0	45,017	0	18,605
PAN AMERICAN SILVER CORP	COM	697900108	3,383,027	232,032	SH		SOLE	0	232,032	0	0
PATTERSON COS INC	COM	703395103	524,843	15,780	SH		SOLE	0	4,275	0	11,505
PC-TEL INC	COM	69325Q105	1,069,117	222,965	SH		SOLE	0	81,623	0	141,342
PEOPLES BANCORP INC	COM	709789101	3,103,031	116,875	SH		SOLE	0	42,545	0	74,330
PHILLIPS 66	COM	718546104	11,352,032	119,019	SH		SOLE	0	84,194	0	34,825
PHOTRONICS	COM	719405102	5,922,622	229,648	SH		SOLE	0	229,648	0	0
POSTAL REALTY TRUST	REIT	73757R102	1,387,668	94,335	SH		SOLE	0	34,400	0	59,935
PREMIER FINANCIAL CORP	COM	74052F108	2,543,896	158,795	SH		SOLE	0	55,165	0	103,630
PRESTIGE CONSUMER HEALTH	COM	74112D101	527,263	8,872	SH		SOLE	0	1,842	0	7,030
PRIMIS FINANCIAL CORP	COM	74167B109	3,002,740	356,620	SH		SOLE	0	130,345	0	226,275
PRIMO WATER CORP	COM	74167P108	4,429,717	353,247	SH		SOLE	0	353,247	0	0
PRUDENTIAL FINANCIAL	COM	744320102	38,750,900	439,253	SH		SOLE	0	305,918	0	133,335
RAMACO RESOURCES A	COM	75134P600	2,037,585	241,420	SH		SOLE	0	83,850	0	157,570
RAMACO RESOURCES B	COM	75134P501	512,293	48,284	SH		SOLE	0	16,770	0	31,514
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	18,783,928	191,751	SH		SOLE	0	135,701	0	56,050
REPLIGEN CORP	COM	759916109	226,902	1,604	SH		SOLE	0	469	0	1,135
RITHM CAPITAL CORP	REIT	64828T201	3,199,963	342,242	SH		SOLE	0	342,242	0	0
ROCKWELL AUTOMATION	COM	773903109	490,880	1,490	SH		SOLE	0	436	0	1,054
RUMBLEON INC	COM	781386305	2,185,248	176,800	SH		SOLE	0	61,485	0	115,315
SANDY SPRING BANCORP COM	COM	800363103	3,157,895	139,237	SH		SOLE	0	139,237	0	0
SANMINA SCI CORP	COM	801056102	5,960,884	98,903	SH		SOLE	0	98,903	0	0
SANOFI ADR	ADR	80105N105	16,580,664	307,619	SH		SOLE	0	217,644	0	89,975
SAPIENS INTERNATIONAL CORP	COM	G7T16G103	2,179,311	81,929	SH		SOLE	0	81,929	0	0
SCHLUMBERGER LTD	COM	806857108	13,417,865	273,165	SH		SOLE	0	193,115	0	80,050
SCIENCE APPLICATIONS INTL	COM	808625107	7,685,758	68,330	SH		SOLE	0	68,330	0	0
SEAGEN INC	COM	81181C104	428,031	2,224	SH		SOLE	0	650	0	1,574
SELECT MEDICAL HOLDINGS	COM	81619Q105	6,731,253	211,276	SH		SOLE	0	199,691	0	11,585
SENECA FOODS CORP	COM	817070501	3,811,468	116,630	SH		SOLE	0	40,630	0	76,000
SHELL PLC	ADR	780259305	23,777,161	393,792	SH		SOLE	0	272,272	0	121,520
SHOE CARNIVAL	COM	824889109	4,892,880	208,385	SH		SOLE	0	73,870	0	134,515
SHYFT GROUP INC	COM	825698103	4,088,711	185,345	SH		SOLE	0	67,650	0	117,695
SIERRA BANCORP	COM	82620P102	2,341,860	138,000	SH		SOLE	0	50,435	0	87,565
SILICOM LTD	COM	M84116108	1,700,352	46,130	SH		SOLE	0	16,990	0	29,140
SILVERBOW RESOURCES	COM	82836G102	2,695,493	92,565	SH		SOLE	0	33,790	0	58,775
SILVERCREST METALS	COM	828363101	4,524,652	772,125	SH		SOLE	0	267,380	0	504,745
SIMON PROPERTY GROUP INC	REIT	828806109	21,835,305	189,083	SH		SOLE	0	130,948	0	58,135
SMART GLOBAL HOLDINGS	COM	G8232Y101	8,340,839	287,516	SH		SOLE	0	217,526	0	69,990
SMARTFINANCIAL INC	COM	83190L208	1,583,136	73,600	SH		SOLE	0	26,710	0	46,890
SNAP-ON INC	COM	833034101	19,234,665	66,743	SH		SOLE	0	47,233	0	19,510
SONOCO PRODUCTS CO	COM	835495102	3,122,866	52,912	SH		SOLE	0	52,912	0	0
SPARTANNASH	COM	847215100	1,930,570	85,765	SH		SOLE	0	30,450	0	55,315
SPOK HOLDINGS	COM	84863T106	6,032,597	453,920	SH		SOLE	0	163,015	0	290,905
STANDARD MOTOR PRODUCTS	COM	853666105	5,683,267	151,473	SH		SOLE	0	54,488	0	96,985
STARBUCKS CORP	COM	855244109	326,898	3,300	SH		SOLE	0	0	0	3,300
STERLING INFRASTRUCTURE INC	COM	859241101	7,388,199	132,405	SH		SOLE	0	47,680	0	84,725
SUBURBAN PROPANE L P UNIT LTD	COM	864482104	3,212,177	217,039	SH		SOLE	0	217,039	0	0
SUMMIT HOTEL PROPERTIES INC	REIT	866082100	2,472,433	379,790	SH		SOLE	0	379,790	0	0
SYNOPSYS INC	COM	871607107	393,611	904	SH		SOLE	0	264	0	640
TECHNIPFMC PLC	COM	G87110105	199,772	12,020	SH		SOLE	0	0	0	12,020
TETRA TECHNOLOGIES INC	COM	88162F105	1,858,598	549,881	SH		SOLE	0	200,916	0	348,965
TIMKEN CO	COM	887389104	3,738,085	40,840	SH		SOLE	0	40,840	0	0
TURNING POINT BRANDS	COM	90041L105	4,075,457	169,740	SH		SOLE	0	61,975	0	107,765
TUTOR PERINI CORP	COM	901109108	5,034,994	704,195	SH		SOLE	0	243,815	0	460,380
UFP INDUSTRIES INC	COM	90278Q108	6,558,348	67,577	SH		SOLE	0	66,952	0	625
UFP TECHNOLOGIES INC COM	COM	902673102	4,273,423	22,045	SH		SOLE	0	8,045	0	14,000
ULTA BEAUTY INC	COM	90384S303	304,946	648	SH		SOLE	0	187	0	461
UNITED FIRE GROUP	COM	910340108	3,309,176	146,036	SH		SOLE	0	53,233	0	92,803
UNITED HEALTH GROUP	COM	91324P102	492,656	1,025	SH		SOLE	0	0	0	1,025
UNITED RENTALS INC	COM	911363109	20,952,877	47,046	SH		SOLE	0	32,691	0	14,355
UNITIL CORP	COM	913259107	5,582,410	110,085	SH		SOLE	0	37,110	0	72,975
UNIVERSAL CORP/VA	COM	913456109	221,234	4,430	SH		SOLE	0	0	0	4,430
UNIVERSAL ELECTRONICS	COM	913483103	369,697	38,430	SH		SOLE	0	14,200	0	24,230
UNIVERSAL HEALTH SERVICES B	COM	913903100	19,092,537	121,015	SH		SOLE	0	84,480	0	36,535
UNIVERSAL STAINLESS	COM	913837100	1,848,619	131,950	SH		SOLE	0	48,395	0	83,555
VAALCO ENERGY INC	COM	91851C201	6,933,669	1,844,061	SH		SOLE	0	1,368,931	0	475,130
VALLEY NATL BANCORP COM	COM	919794107	4,009,540	517,360	SH		SOLE	0	517,360	0	0
VALMONT INDUSTRIES	COM	920253101	255,251	877	SH		SOLE	0	257	0	620
VERISK ANALYTICS A	COM	92345Y106	364,134	1,611	SH		SOLE	0	471	0	1,140
VERIZON COMM INC	COM	92343V104	12,278,390	330,153	SH		SOLE	0	233,593	0	96,560
VICTORY CAPITAL HOLDING	COM	92645B103	5,308,718	168,317	SH		SOLE	0	168,317	0	0
VISHAY INTERTECHNOLOGY INC	COM	928298108	8,259,812	280,946	SH		SOLE	0	270,381	0	10,565
VISHAY PRECISION GROUP	COM	92835K103	2,545,146	68,510	SH		SOLE	0	25,000	0	43,510
W P CAREY INC	REIT	92936U109	11,789,085	174,498	SH		SOLE	0	123,423	0	51,075
WARRIOR MET COAL INC	COM	93627C101	6,874,714	176,501	SH		SOLE	0	176,501	0	0
WASHINGTON TRUST BANCORP	COM	940610108	2,036,354	75,955	SH		SOLE	0	27,750	0	48,205
WATERSTONE FINANCIAL INC	COM	94188P101	2,403,529	165,875	SH		SOLE	0	60,345	0	105,530
WESCO INTERNATIONAL INC	COM	95082P105	454,991	2,541	SH		SOLE	0	646	0	1,895
WILLIAMS COS INC	COM	969457100	9,712,483	297,655	SH		SOLE	0	210,555	0	87,100
WILLSCOT MOBILE MINI HOLDINGS	COM	971378104	301,746	6,314	SH		SOLE	0	1,840	0	4,474
WORLD KINECT CORPORATION	COM	981475106	4,046,290	195,662	SH		SOLE	0	195,662	0	0
XYLEM INC	COM	98419M100	387,188	3,438	SH		SOLE	0	1,005	0	2,433
ZOETIS INC	COM	98978V103	443,441	2,575	SH		SOLE	0	0	0	2,575
ZSCALER INC	COM	98980G102	300,500	2,054	SH		SOLE	0	233	0	1,821

Foundry Partners 13F-HRQuarterly holdings report by institutional manager