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
Acushnet Holdings Corp. COM 005098108 45,290,194 382,099 SH SOLE 239,799 55,320 86,980
Alamo Group Inc. COM 011311107 13,404,290 81,490 SH SOLE 51,362 11,305 18,823
Blue Bird Corp. COM 095306106 51,129,758 647,540 SH SOLE 396,220 97,725 153,595
Cavco Industries Inc. COM 149568107 42,826,587 69,707 SH SOLE 43,507 10,875 15,325
Celestica Inc. COM 15101Q207 906,893 2,486 SH SOLE 1,897 0 589
Centerra Gold Inc. COM 152006102 32,524,070 2,050,698 SH SOLE 1,295,683 319,055 435,960
Champion Homes Inc. COM 830830105 51,446,747 583,826 SH SOLE 369,981 83,265 130,580
Comfort Systems USA Inc. COM 199908104 14,579,224 7,356 SH SOLE 4,543 925 1,888
Covista Inc. COM 00737L103 44,010,839 353,047 SH SOLE 221,284 49,420 82,343
Crane NXT Co. COM 224441105 19,212,882 375,545 SH SOLE 231,560 54,700 89,285
Dycom Industries Inc. COM 267475101 60,992,355 120,636 SH SOLE 76,807 16,810 27,019
Eplus Inc. COM 294268107 22,888,250 275,000 SH SOLE 167,410 40,835 66,755
Exlservice Holdings Inc. COM 302081104 8,011,376 309,798 SH SOLE 194,424 42,065 73,309
Fabrinet SHS G3323L100 37,478,370 66,678 SH SOLE 42,983 8,050 15,645
Federal Signal Corp. COM 313855108 51,910,988 404,008 SH SOLE 258,658 59,585 85,765
FTI Consulting COM 302941109 44,699,275 299,975 SH SOLE 193,230 40,570 66,175
Hannon Armstrong Sustainable Infrastructure Capital Inc. COM 41068X100 60,865,790 1,558,663 SH SOLE 991,247 216,905 350,511
ICF International Inc. COM 44925C103 19,529,759 268,045 SH SOLE 168,955 43,795 55,295
Interdigital Inc. COM 45867G101 42,350,302 149,579 SH SOLE 97,096 22,081 30,402
iShares Russell 2000 ETF ETF 464287655 1,502,250 5,000 SH SOLE 0 0 5,000
Korn Ferry COM 500643200 26,722,682 401,362 SH SOLE 248,770 57,580 95,012
Lakeland Financial Corp. COM 511656100 30,699,466 497,399 SH SOLE 304,079 67,737 125,583
Laureate Education Inc. COM 518613203 19,142,456 527,050 SH SOLE 327,665 69,550 129,835
Limbach Holdings Inc. COM 53263P105 24,944,381 323,953 SH SOLE 201,520 47,285 75,148
McGrath RentCorp COM 580589109 35,716,921 295,108 SH SOLE 186,799 40,055 68,254
Modine Manufacturing Co. COM 607828100 31,882,188 119,400 SH SOLE 73,765 16,580 29,055
MYR Group Inc. COM 55405W104 50,008,475 99,937 SH SOLE 64,073 13,234 22,630
Onespaworld Holdings Limited COM P73684113 43,462,264 1,539,032 SH SOLE 962,852 228,855 347,325
OSI Systems Inc. COM 671044105 48,664,031 222,515 SH SOLE 142,798 30,435 49,282
Pathward Financial Inc. COM 59100U108 30,633,802 351,870 SH SOLE 219,625 55,260 76,985
Primo Brands Corp. COM 741623102 21,404,185 875,785 SH SOLE 522,220 132,860 220,705
Silicon Motion Technology Corp. SPONSORED ADR 82706C108 58,802,079 176,408 SH SOLE 113,373 23,995 39,040
Solv Energy Inc. COM 78475V103 18,320,262 538,040 SH SOLE 335,395 81,025 121,620
SPDR Gold Trust ETF 78463V107 13,568,541 36,833 SH SOLE 29,197 0 7,636
Steven Madden LTD. COM 556269108 49,890,563 1,185,049 SH SOLE 749,892 156,693 278,464
Tetra Tech Inc. COM 88162G103 43,750,380 1,514,378 SH SOLE 961,502 215,290 337,586
Tower Semiconductor LTD. SHS M87915274 36,806,278 141,215 SH SOLE 91,605 18,905 30,705
TTM Technologies Inc. COM 87305R109 45,682,440 244,265 SH SOLE 157,265 32,960 54,040
UFP Technologies Inc. COM 902673102 22,423,370 84,575 SH SOLE 53,480 13,905 17,190
UMB Financial Corp. COM 902788108 58,645,380 410,797 SH SOLE 259,683 60,885 90,229
Wiley John & Sons Inc. CL A 968223206 41,983,465 865,460 SH SOLE 553,870 117,950 193,640
Willdan Group Inc. COM 96924N100 41,939,611 530,210 SH SOLE 339,730 75,945 114,535