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
ATN International, Inc. COM 00215F107 3,677,609 132,193 SH SOLE 132,193 0 0
AZZ, Inc. COM 002474104 7,240,396 53,876 SH SOLE 53,876 0 0
AdvanSix, Inc. COM 00773T101 1,796,094 112,820 SH SOLE 112,820 0 0
ALPHA METALLURGICAL RES IN USD 0.01 COM 020764106 1,301,686 7,738 SH SOLE 7,738 0 0
Barnes & Noble Education, Inc. COM NEW 06777U200 3,369,016 290,683 SH SOLE 290,683 0 0
BAUSCH PLUS LOMB CORP COMMON SHARES 071705107 3,599,621 211,182 SH SOLE 211,182 0 0
Bel Fuse, Inc. CL B 077347300 4,309,450 17,653 SH SOLE 17,653 0 0
Brink's Company (The) COM 109696104 4,970,425 49,217 SH SOLE 49,217 0 0
Bruker Corporation COM 116794108 5,643,869 87,164 SH SOLE 87,164 0 0
Cabot Corporation COM 127055101 3,919,026 50,956 SH SOLE 50,956 0 0
Capital Bancorp, Inc. COM 139737100 7,150,528 181,901 SH SOLE 181,901 0 0
CAPSTONE ENERGY PLUS INC COM 14067D607 878,900 196,183 SH SOLE 196,183 0 0
Cass Information Systems, Inc. COM 14808P109 3,993,484 74,995 SH SOLE 74,995 0 0
Cavco Industries, Inc. COM 149568107 6,515,264 11,629 SH SOLE 11,629 0 0
Collegium Pharmaceutical, Inc. COM 19459J104 2,373,471 108,775 SH SOLE 108,775 0 0
GPGI, Inc. COM CL A 20459V105 4,306,804 362,831 SH SOLE 362,831 0 0
Consensus Cloud Solutions, Inc. COM 20848V105 5,569,098 159,573 SH SOLE 159,573 0 0
Core Natural Resources, Inc. COM SHS 218937100 4,202,726 48,960 SH SOLE 48,960 0 0
Donaldson Company, Inc. COM 257651109 2,935,250 33,723 SH SOLE 33,723 0 0
EPR Properties COM SH BEN INT 26884U109 3,528,388 62,861 SH SOLE 62,861 0 0
Eagle Materials, Inc. COM 26969P108 3,620,493 21,170 SH SOLE 21,170 0 0
Ecovyst, Inc. COM 27923Q109 5,235,232 532,577 SH SOLE 532,577 0 0
Epsilon Energy Ltd. COM 294375209 4,537,468 782,322 SH SOLE 782,322 0 0
Extreme Networks, Inc. COM 30226D106 2,880,907 134,308 SH SOLE 134,308 0 0
Federal Agricultural Mortgage Corporation CL C 313148306 7,475,606 36,128 SH SOLE 36,128 0 0
GEO Group, Inc. (The) COM 36162J106 5,541,427 181,865 SH SOLE 181,865 0 0
Hillman Solutions Corporation COM 431636109 4,022,745 575,500 SH SOLE 575,500 0 0
IPG Photonics Corporation COM 44980X109 1,968,194 25,143 SH SOLE 25,143 0 0
Knowles Corporation COM 49926D109 2,845,579 76,597 SH SOLE 76,597 0 0
Kosmos Energy Ltd. COM 500688106 5,953,082 2,343,733 SH SOLE 2,343,733 0 0
Landstar System, Inc. COM 515098101 5,553,311 32,929 SH SOLE 32,929 0 0
MGIC Investment Corporation COM 552848103 3,235,116 125,198 SH SOLE 125,198 0 0
Merchants Bancorp COM 58844R108 6,429,525 131,322 SH SOLE 131,322 0 0
MiniMed Group, Inc. COM 60365F109 4,674,747 240,100 SH SOLE 240,100 0 0
Mueller Industries, Inc. COM 624756102 4,347,798 71,734 SH SOLE 71,734 0 0
Natural Resource Partners, L.P. COM UNIT LTD PAR 63900P608 7,787,243 71,620 SH SOLE 71,620 0 0
Patrick Industries, Inc. COM 703343103 3,240,901 47,815 SH SOLE 47,815 0 0
Paysign, Inc. COM 70451A104 5,782,731 428,986 SH SOLE 428,986 0 0
Phinia, Inc. COMMON STOCK 71880K101 2,407,331 40,507 SH SOLE 40,507 0 0
RCM Technologies, Inc. COM NEW 749360400 5,654,154 138,991 SH SOLE 138,991 0 0
Royal Gold, Inc. COM 780287108 4,381,340 18,565 SH SOLE 18,565 0 0
SPS Commerce, Inc. COM 78463M107 4,499,658 54,581 SH SOLE 54,581 0 0
Solaris Energy Infrastructure, Inc. COM CL A 83418M103 5,327,040 74,839 SH SOLE 74,839 0 0
Sprouts Farmers Market, Inc. COM 85208M102 2,409,500 36,315 SH SOLE 36,315 0 0
Terex Corporation COM 880779103 4,302,680 81,800 SH SOLE 81,800 0 0
Third Coast Bancshares, Inc. COM 88422P109 3,397,036 78,450 SH SOLE 78,450 0 0
Metallus, Inc. COM 887399103 5,225,421 275,167 SH SOLE 275,167 0 0
TripAdvisor, Inc. COM 896945201 2,569,799 307,025 SH SOLE 307,025 0 0
Turning Point Brands, Inc. COM 90041L105 3,771,769 64,255 SH SOLE 64,255 0 0
American Coastal Insurance Corp COM 910710102 1,675,112 185,300 SH SOLE 185,300 0 0
Climb Global Solutions, Inc. COM 946760105 9,814,702 305,516 SH SOLE 305,516 0 0
Genpact Ltd. SHS G3922B107 4,507,227 138,556 SH SOLE 138,556 0 0
Criteo S.A. ORD SHS L20675101 3,783,158 248,892 SH SOLE 248,892 0 0