<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<ns1:proxyVoteTable xmlns:ns1="http://www.sec.gov/edgar/document/npxproxy/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
	<ns1:proxyTable>
		<ns1:issuerName>AGILYSYS, INC.</ns1:issuerName>
		<ns1:isin>US00847J1051</ns1:isin>
		<ns1:meetingDate>09/04/2025</ns1:meetingDate>
		<ns1:voteDescription>Approval, on a non-binding advisory basis, of the compensation of the Company's named executive officers set forth in the attached Proxy Statement</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>51731</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>51731</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>ARGAN, INC.</ns1:issuerName>
		<ns1:isin>US04010E1091</ns1:isin>
		<ns1:meetingDate>06/10/2026</ns1:meetingDate>
		<ns1:voteDescription>The non-binding advisory approval of our executive compensation (the ''say-on-pay'' vote).</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>17496</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>17496</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>BABCOCK INTERNATIONAL GROUP PLC</ns1:issuerName>
		<ns1:isin>GB0009697037</ns1:isin>
		<ns1:meetingDate>09/25/2025</ns1:meetingDate>
		<ns1:voteDescription>TO APPROVE THE DIRECTORS REMUNERATION REPORT</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>1971330</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>1971330</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>BAKER HUGHES COMPANY</ns1:issuerName>
		<ns1:isin>US05722G1004</ns1:isin>
		<ns1:meetingDate>05/19/2026</ns1:meetingDate>
		<ns1:voteDescription>An advisory vote related to the Company's executive compensation program</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>1009510</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>1009510</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>BGC GROUP INC.</ns1:issuerName>
		<ns1:isin>US0889291045</ns1:isin>
		<ns1:meetingDate>11/12/2025</ns1:meetingDate>
		<ns1:voteDescription>Approval, on an advisory basis, of executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>6819632</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>6819632</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>CLIMB GLOBAL SOLUTIONS INC</ns1:issuerName>
		<ns1:isin>US9467601053</ns1:isin>
		<ns1:meetingDate>06/02/2026</ns1:meetingDate>
		<ns1:voteDescription>A non-binding advisory resolution to approve the compensation of the Company's named executive officers, as described in the Company's proxy statement.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>153704</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>153704</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>CONSOLIDATED WATER CO. LTD.</ns1:issuerName>
		<ns1:isin>KYG237731073</ns1:isin>
		<ns1:meetingDate>06/01/2026</ns1:meetingDate>
		<ns1:voteDescription>An advisory vote on executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>111339</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>111339</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>DAILY JOURNAL CORPORATION</ns1:issuerName>
		<ns1:isin>US2339121046</ns1:isin>
		<ns1:meetingDate>02/24/2026</ns1:meetingDate>
		<ns1:voteDescription>An advisory vote on the Company's executive compensation</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>10505</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>10505</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>EPLUS INC.</ns1:issuerName>
		<ns1:isin>US2942681071</ns1:isin>
		<ns1:meetingDate>09/16/2025</ns1:meetingDate>
		<ns1:voteDescription>To approve, on an advisory basis, our named executive officer compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>689582</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>689582</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>FERROVIAL SE</ns1:issuerName>
		<ns1:isin>NL0015001FS8</ns1:isin>
		<ns1:meetingDate>04/09/2026</ns1:meetingDate>
		<ns1:voteDescription>REMUNERATION REPORT FOR THE FINANCIAL YEAR 2025 (ADVISORY VOTING ITEM)</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>0</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>NO VOTE</ns1:howVoted>
				<ns1:sharesVoted>0</ns1:sharesVoted>
				<ns1:managementRecommendation>NONE</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>FERROVIAL SE</ns1:issuerName>
		<ns1:isin>NL0015001FS8</ns1:isin>
		<ns1:meetingDate>04/09/2026</ns1:meetingDate>
		<ns1:voteDescription>Remuneration report for the financial year 2025 (advisory voting item)</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>1206508</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>1206508</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>FIRSTSERVICE CORPORATION</ns1:issuerName>
		<ns1:isin>CA33767E2024</ns1:isin>
		<ns1:meetingDate>04/01/2026</ns1:meetingDate>
		<ns1:voteDescription>An advisory resolution on the Corporation's approach to executive compensation as set out in the accompanying Management Information Circular.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>16140</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>16140</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>I3 VERTICALS, INC.</ns1:issuerName>
		<ns1:isin>US46571Y1073</ns1:isin>
		<ns1:meetingDate>03/03/2026</ns1:meetingDate>
		<ns1:voteDescription>To consider and act upon a non-binding, advisory vote to approve the compensation of the Company's named executive officers as disclosed in the Proxy Statement.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>183206</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>183206</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>IES HOLDINGS, INC.</ns1:issuerName>
		<ns1:isin>US44951W1062</ns1:isin>
		<ns1:meetingDate>02/19/2026</ns1:meetingDate>
		<ns1:voteDescription>ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>22434</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>22434</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>LSI INDUSTRIES INC.</ns1:issuerName>
		<ns1:isin>US50216C1080</ns1:isin>
		<ns1:meetingDate>11/04/2025</ns1:meetingDate>
		<ns1:voteDescription>Advisory vote on the compensation of the named executive officers as described in the Company's proxy statement (the "Say-on-Pay vote").</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>194970</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>194970</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>MARRIOTT INTERNATIONAL, INC.</ns1:issuerName>
		<ns1:isin>US5719032022</ns1:isin>
		<ns1:meetingDate>05/08/2026</ns1:meetingDate>
		<ns1:voteDescription>ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>135420</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>135420</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>MELROSE INDUSTRIES PLC</ns1:issuerName>
		<ns1:isin>GB00BNGDN821</ns1:isin>
		<ns1:meetingDate>04/29/2026</ns1:meetingDate>
		<ns1:voteDescription>TO APPROVE THE DIRECTORS REMUNERATION REPORT FOR THE YEAR ENDED 31 DECEMBER 2025</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>5685249</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>5685249</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>NVR, INC.</ns1:issuerName>
		<ns1:isin>US62944T1051</ns1:isin>
		<ns1:meetingDate>05/07/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory vote to approve compensation paid to certain executive officers.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>5360</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>5360</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>SIGA TECHNOLOGIES, INC.</ns1:issuerName>
		<ns1:isin>US8269171067</ns1:isin>
		<ns1:meetingDate>06/09/2026</ns1:meetingDate>
		<ns1:voteDescription>To approve the compensation of the named executive officers on a non-binding advisory basis.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>379059</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>379059</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>STONEX GROUP INC.</ns1:issuerName>
		<ns1:isin>US8618961085</ns1:isin>
		<ns1:meetingDate>03/10/2026</ns1:meetingDate>
		<ns1:voteDescription>To approve the advisory (non-binding) resolution relating to executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>825554</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>825554</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>THALES SA</ns1:issuerName>
		<ns1:isin>FR0000121329</ns1:isin>
		<ns1:meetingDate>05/12/2026</ns1:meetingDate>
		<ns1:voteDescription>APPROVE COMPENSATION OF PATRICE CAINE, CHAIRMAN AND CEO</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>94020</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>94020</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>TRIUMPH FINANCIAL, INC.</ns1:issuerName>
		<ns1:isin>US89679E3009</ns1:isin>
		<ns1:meetingDate>04/23/2026</ns1:meetingDate>
		<ns1:voteDescription>Management Proposal Regarding Advisory Approval of the Company's Executive Compensation</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>990134</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>990134</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>UFP TECHNOLOGIES, INC.</ns1:issuerName>
		<ns1:isin>US9026731029</ns1:isin>
		<ns1:meetingDate>06/04/2026</ns1:meetingDate>
		<ns1:voteDescription>To vote on a non-binding advisory resolution to approve the compensation of our named executive officers.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>24138</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>24138</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>UL SOLUTIONS INC.</ns1:issuerName>
		<ns1:isin>US9037311076</ns1:isin>
		<ns1:meetingDate>05/20/2026</ns1:meetingDate>
		<ns1:voteDescription>The approval, on an advisory basis, of the compensation of the Company's named executive officers as disclosed in the Proxy Statement.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>830766</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>830766</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>UNITEDHEALTH GROUP INCORPORATED</ns1:issuerName>
		<ns1:isin>US91324P1021</ns1:isin>
		<ns1:meetingDate>06/01/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory approval of the Company's executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>141720</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>141720</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>VSE CORPORATION</ns1:issuerName>
		<ns1:isin>US9182841000</ns1:isin>
		<ns1:meetingDate>05/07/2026</ns1:meetingDate>
		<ns1:voteDescription>Approval, on a non-binding advisory basis, of the compensation of the Company's named executive officers.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>432745</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>AGAINST</ns1:howVoted>
				<ns1:sharesVoted>432745</ns1:sharesVoted>
				<ns1:managementRecommendation>AGAINST</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>WINMARK CORPORATION.</ns1:issuerName>
		<ns1:isin>US9742501029</ns1:isin>
		<ns1:meetingDate>04/22/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory vote to approve executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>114972</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>114972</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
</ns1:proxyVoteTable>
