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
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
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
AZZ INC USD 1.0 COM 002474104 5,298,249 56,078 SH SOLE 56,078 0 0
ALPHA METALLURGICAL RES IN USD 0.01 COM 020764106 324,955 2,889 SH SOLE 2,889 0 0
AMERICAS CAR-MART INC USD 0.01 COM 03062T105 2,805,755 50,067 SH SOLE 50,067 0 0
BANK OZK LITTLE ROCK ARK NPV COM 06417N103 2,429,237 51,620 SH SOLE 51,620 0 0
BAUSCH PLUS LOMB CORP COMMON SHARES 071705107 2,830,688 217,131 SH SOLE 217,131 0 0
BEL FUSE INC USD 0.1 CL B 077347300 6,776,365 69,366 SH SOLE 69,366 0 0
BRINKS CO USD 1.0 COM 109696104 4,509,681 50,506 SH SOLE 50,506 0 0
BRUKER CORP USD 0.01 COM 116794108 2,175,360 52,800 SH SOLE 52,800 0 0
CABOT CORP USD 1.0 COM 127055101 2,139,900 28,532 SH SOLE 28,532 0 0
CAPITAL BANCORP INC MD USD 0.01 COM 139737100 6,491,719 193,321 SH SOLE 193,321 0 0
CASS INFORMATION SYS INC USD 0.5 COM 14808P109 3,915,106 90,106 SH SOLE 90,106 0 0
CAVCO INDS INC DEL USD 0.01 COM 149568107 5,281,800 12,158 SH SOLE 12,158 0 0
COLLEGIUM PHARMACEUTICAL USD 0.001 COM 19459J104 2,578,681 87,206 SH SOLE 87,206 0 0
COMPOSECURE INC USD 0.0001 COM CL A 20459V105 4,071,277 288,948 SH SOLE 288,948 0 0
CONSENSUS CLOUD SOLUTIONS USD 0.01 COM 20848V105 2,719,581 117,935 SH SOLE 117,935 0 0
CORE NAT RES INC USD 0.01 COM SHS 218937100 3,466,845 49,711 SH SOLE 49,711 0 0
QUIDELORTHO CORP USD 0.001 COM 219798105 725,976 25,190 SH SOLE 25,190 0 0
DONALDSON COM USD5 COM 257651109 2,417,541 34,860 SH SOLE 34,860 0 0
EPR PROPER SBI USD0.01 COM SH BEN INT 26884U109 4,332,680 74,368 SH SOLE 74,368 0 0
EAGLE MATLS INC USD 0.01 COM 26969P108 4,352,843 21,537 SH SOLE 21,537 0 0
ECOVYST INC USD 0.01 COM 27923Q109 4,570,720 555,373 SH SOLE 555,373 0 0
EPSILON ENERGY LTD NPV COM 294375209 2,973,409 402,901 SH SOLE 402,901 0 0
EXTREME NETWORKS INC USD 0.001 COM 30226D106 2,531,417 141,026 SH SOLE 141,026 0 0
FEDERAL AGRIC MTG CORP USD 1.0 CL C 313148306 6,990,389 35,981 SH SOLE 35,981 0 0
GEO GROUP INC NEW USD 0.01 COM 36162J106 4,205,668 175,602 SH SOLE 175,602 0 0
GLOBAL BUSINESS TRAVEL USD 0.00005 COM CL A 37890B100 2,506,909 397,922 SH SOLE 397,922 0 0
HILLMAN SOLUTIONS CORP USD 0.0001 COM 431636109 3,033,001 424,790 SH SOLE 424,790 0 0
IPG PHOTONICS CORP USD 0.0001 COM 44980X109 2,385,176 34,744 SH SOLE 34,744 0 0
INGLES MKTS INC USD 0.05 CL A 457030104 2,007,181 31,669 SH SOLE 31,669 0 0
INTERNATIONAL MONEY EXPR USD 0.0001 COM 46005L101 2,132,683 211,366 SH SOLE 211,366 0 0
IRADIMED CORP USD 0.0001 COM 46266A109 2,446,248 40,914 SH SOLE 40,914 0 0
KNOWLES CORP USD 0.01 COM 49926D109 2,979,595 169,103 SH SOLE 169,103 0 0
KOSMOS ENERGY LTD USD 0.01 COM 500688106 2,346,746 1,364,387 SH SOLE 1,364,387 0 0
LANDSTAR SYS INC USD 0.01 COM 515098101 3,748,674 26,965 SH SOLE 26,965 0 0
LENNOX INTL INC USD 0.01 COM 526107107 2,214,426 3,863 SH SOLE 3,863 0 0
MGIC INVT CORP WIS USD 1.0 COM 552848103 4,107,876 147,553 SH SOLE 147,553 0 0
MERCHANTS BANCORP IND NPV COM 58844R108 2,528,830 76,469 SH SOLE 76,469 0 0
Natural Resource Partners L.P. COM UNIT LTD PAR 63900P608 7,792,470 81,588 SH SOLE 81,588 0 0
PATRICK INDS INC NPV COM 703343103 4,552,786 49,342 SH SOLE 49,342 0 0
PHINIA INC USD 0.01 COMMON STOCK 71880K101 1,842,331 41,410 SH SOLE 41,410 0 0
RCM TECHNOLOGIES INC USD 0.05 COM NEW 749360400 3,264,704 138,511 SH SOLE 138,511 0 0
RESOLUTE HLDGS MGMT INC USD 0.0001 COM 76134H101 513,171 16,102 SH SOLE 16,102 0 0
ROYAL GOLD INC USD 0.01 COM 780287108 4,681,104 26,322 SH SOLE 26,322 0 0
SOLARIS ENERGY INFRASTRUCTURE, INC COM CL A 83418M103 8,348,888 295,118 SH SOLE 295,118 0 0
TEREX CORP NEW USD 0.01 COM 880779103 2,551,609 54,650 SH SOLE 54,650 0 0
METALLUS INC NPV COM 887399103 4,396,504 285,302 SH SOLE 285,302 0 0
TRIPADVISOR INC USD 0.001 COM 896945201 2,357,770 180,672 SH SOLE 180,672 0 0
TURNING PT BRANDS INC USD 0.01 COM 90041L105 7,700,429 101,629 SH SOLE 101,629 0 0
CLIMB GLOBAL SOLUTIONS INC USD 0.01 COM 946760105 8,618,870 80,618 SH SOLE 80,618 0 0
AMDOCS LTD 0.01P SHS G02602103 2,256,730 24,734 SH SOLE 24,734 0 0
BIOCERES CROP SOLUTIONS USD 0.0001 SHS G1117K114 1,956,691 438,406 SH SOLE 438,406 0 0
FERROGLOBE PLC USD 7.5 SHS G33856108 3,112,479 848,087 SH SOLE 848,087 0 0
GENPACT LTD USD 0.01 SHS G3922B107 3,317,650 75,384 SH SOLE 75,384 0 0
INTERNATIONAL GENERAL IN USD 0.0001 SHS G4809J106 1,750,986 72,897 SH SOLE 72,897 0 0