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

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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
ADTRAN Holdings COM 00486H105 7,931 570,542 SH SOLE 570,542 0 0
American Coastal Insurance COM 910710102 13,929 1,254,880 SH SOLE 1,254,880 0 0
Aviat Networks COM 05366Y201 15,017 676,440 SH SOLE 676,440 0 0
BGSF Inc COM 05601C105 3,617 633,407 SH SOLE 633,407 0 0
Barrett Business Services COM 068463108 11,345 319,390 SH SOLE 319,390 0 0
Climb Global Solutions COM 946760105 15,948 687,131 SH SOLE 687,131 0 0
Core Molding Tech COM 218683100 10,668 452,030 SH SOLE 452,030 0 0
Customers Bancorp COM 23204G100 20,264 256,178 SH SOLE 256,178 0 0
DHI Group COM 23331S100 11,744 3,165,444 SH SOLE 3,165,444 0 0
Duluth Holdings COM 26443V101 3,255 726,508 SH SOLE 726,508 0 0
Eastern Company COM 276317104 6,049 217,210 SH SOLE 217,210 0 0
El Pollo Loco Holdings COM 268603107 17,535 1,033,917 SH SOLE 1,033,917 0 0
Enova International COM 29357K103 26,577 110,400 SH SOLE 110,400 0 0
First Western Financial COM 33751L105 6,013 187,274 SH SOLE 187,274 0 0
Fluent Inc COM 34380C201 4,387 1,176,147 SH SOLE 1,176,147 0 0
Forrester Research COM 346563109 6,370 757,476 SH SOLE 757,476 0 0
Geospace Technologies COM 37364X109 6,142 907,265 SH SOLE 907,265 0 0
GigaCloud Technology COM G38644103 6,257 197,995 SH SOLE 197,995 0 0
Harmony Biosciences COM 413197104 11,170 306,781 SH SOLE 306,781 0 0
IBEX Limited COM G4690M101 8,353 275,035 SH SOLE 275,035 0 0
Key Tronic Corp COM 493144109 3,143 760,930 SH SOLE 760,930 0 0
MGP Ingredients COM 55303J106 11,252 642,260 SH SOLE 642,260 0 0
Medallion Financial COM 583928106 10,297 1,008,564 SH SOLE 1,008,564 0 0
Myers Industries COM 628464109 16,321 462,230 SH SOLE 462,230 0 0
NB Bancorp COM 63945M107 11,550 546,600 SH SOLE 546,600 0 0
NPK International COM 651718504 13,060 820,845 SH SOLE 820,845 0 0
Niagen Bioscience COM 171077407 6,407 2,008,470 SH SOLE 2,008,470 0 0
Orion Energy Systems COM 686275207 3,326 284,526 SH SOLE 284,526 0 0
Primoris Services Corp COM 74164f103 341 3,443 SH SOLE 3,443 0 0
Regional Management COM 75902K106 13,112 318,259 SH SOLE 318,259 0 0
Resources Connection COM 76122Q105 11,975 2,817,636 SH SOLE 2,817,636 0 0
Rocky Brands COM 774515100 4,000 96,984 SH SOLE 96,984 0 0
Stabilis Solutions COM 85236P101 950 234,505 SH SOLE 234,505 0 0
Texas Capital Bancshrs COM 88224Q107 11,880 115,045 SH SOLE 115,045 0 0
VAALCO Energy COM 91851C201 9,324 1,835,340 SH SOLE 1,835,340 0 0
Vishay Precision Group COM 92835K103 347 2,315 SH SOLE 2,315 0 0
Zumiez Inc COM 989817101 7,936 445,863 SH SOLE 445,863 0 0