Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SMBC	SOUTHERN MO BANCORP INC	232,292	$12.4M	15.7%	$53.39 *	$13.20	+223.5%	COM	843380106
EBC	EASTERN BANKSHARES INC	497,990	$7.071M	8.9%	$14.20 *	$12.42	-5.9%	COM	27627N105
PROV	PROVIDENT FINL HLDGS INC	391,349	$4.935M	6.2%	$12.61 *	$15.78	-24.4%	COM	743868101
OFG	OFG BANCORP	129,067	$4.837M	6.1%	$37.48 *	$28.44	+15.8%	COM	67103X102
JOB	GEE GROUP INC	9,303,765	$4.654M	5.9%	$0.50	$0.54	+1.4%	COM	36165A102
BPOP	POPULAR INC	54,609	$4.482M	5.7%	$82.07 *	$26.51	+151.3%	COM NEW	733174700
AFBI	AFFINITY BANCSHARES INC	251,560	$4.017M	5.1%	$15.97 *	$10.40	+31.2%	COM	00832E103
FBP	FIRST BANCORP P R	242,874	$3.995M	5.1%	$16.45 *	$12.23	+13.2%	COM NEW	318672706
VMD	VIEMED HEALTHCARE INC	347,691	$2.729M	3.5%	$7.85 *	$6.99	+3.8%	COM	92663R105
LCTX	LINEAGE CELL THERAPEUTICS IN	2,131,621	$2.323M	2.9%	$1.09	$1.53	-28.3%	COM	53566P109
MAYS	MAYS J W INC	44,439	$1.867M	2.4%	$42.01 *	$22.25	+101.0%	COM	578473100
NXE	NEXGEN ENERGY LTD	245,000	$1.715M	2.2%	$7.00 *	$4.35	+43.2%	COM	65340P106
—	OSISKO GOLD ROYALTIES LTD	110,000	$1.571M	2.0%	$14.28	$10.68	—	COM	68827L101
ESOA	ENERGY SVCS ACQUISITION CORP	259,838	$1.554M	2.0%	$5.98 *	$2.46	+80.6%	COM	29271Q103
XACCX	180 DEGREE CAP CORP	297,865	$1.221M	1.5%	$4.10	$6.50	—	COM NEW	68235B208
—	JAPAN SMALLER CAPITALIZATION	154,495	$1.173M	1.5%	$7.59	$7.35	—	COM	47109U104
NECB	NORTHEAST CMNTY BANCORP INC	65,000	$1.153M	1.5%	$17.74 *	$9.43	+59.0%	COM	664121100
NSSC	NAPCO SEC TECHNOLOGIES INC	33,424	$1.145M	1.4%	$34.25 *	$15.79	+63.1%	COM	630402105
RNGR	RANGER ENERGY SVCS INC	105,000	$1.074M	1.4%	$10.23 *	$11.52	0.0%	COM CL A	75282U104
—	PROSHARES TR II	125,000	$1.055M	1.3%	$8.44	$8.44	—	ULTRA VIX SHORT	74347Y771
—	POTBELLY CORP	89,761	$935K	1.2%	$10.42	$6.86	—	COM	73754Y100
OXY	OCCIDENTAL PETE CORP	15,000	$896K	1.1%	$59.71	$58.62	0.0%	COM	674599105
NSTS	NSTS BANCORP INC	93,813	$892K	1.1%	$9.51 *	$12.32	-27.8%	COM	6293JP109
VABK	VIRGINIA NATL BANKSHARES COR	25,844	$889K	1.1%	$34.38 *	$33.89	-3.1%	COM	928031103
—	SANDSTORM GOLD LTD	175,000	$880K	1.1%	$5.03	$4.91	—	COM NEW	80013R206
EFC	ELLINGTON FINANCIAL INC	68,320	$868K	1.1%	$12.71	$12.71	—	COM	28852N109
—	VIZSLA SILVER CORP	655,604	$820K	1.0%	$1.25	$1.19	—	COM NEW	92859G202
IE	IVANHOE ELECTRIC INC	75,000	$756K	1.0%	$10.08 *	$10.57	0.0%	COM	46578C108
ODV	OSISKO DEVELOPMENT CORP	242,938	$707K	0.9%	$2.91 *	$3.02	0.0%	COM NEW	68828E809
FNWD	FINWARD BANCORP	27,321	$690K	0.9%	$25.24 *	$42.54	-51.5%	COM	31812F109
PKST	PEAKSTONE REALTY TRUST	33,987	$677K	0.9%	$19.93	$16.64	—	COMMON SHARES	39818P799
ECBK	ECB BANCORP INC	50,486	$634K	0.8%	$12.56 *	$11.97	-5.7%	COM	26828M106
TIPT	TIPTREE INC	30,060	$570K	0.7%	$18.96 *	$17.31	0.0%	COM	88822Q103
—	MAG SILVER CORP	50,000	$521K	0.7%	$10.41	$10.41	—	COM	55903Q104
—	LIBERTY MEDIA CORP DEL	17,878	$514K	0.6%	$28.74	$25.45	—	COM LBTY SRM S A	531229813
SCOR	COMSCORE INC	26,181	$437K	0.6%	$16.70 *	$12.83	0.0%	COM NEW	20564W204
—	VOXX INTL CORP	39,837	$425K	0.5%	$10.68	$5.94	—	CL A	91829F104
LXU	LSB INDS INC	45,400	$423K	0.5%	$9.31 *	$9.80	-6.9%	COM	502160104
REPX	RILEY EXPLORATION PERMIAN IN	13,606	$371K	0.5%	$27.24 *	$20.86	+19.2%	COM	76665T102
FSEA	FIRST SEACOAST BANCORP INC	31,796	$245K	0.3%	$7.69 *	$10.09	-32.0%	COM	33631F104
—	KRANESHARES TR	14,500	$210K	0.3%	$14.51	$16.00	—	CICC CN CONSUMER	500767595
UBCP	UNITED BANCORP INC OHIO	15,000	$193K	0.2%	$12.84 *	$13.08	-15.6%	COM	909911109
—	GREAT AJAX CORP	30,552	$162K	0.2%	$5.30	$5.30	—	COM	38983D300
ACDC	PROFRAC HLDG CORP	15,000	$127K	0.2%	$8.48 *	$18.25	-52.0%	CLASS A COM	74319N100
CLST	CATALYST BANCORP INC	10,555	$114K	0.1%	$10.84 *	$13.80	-19.2%	COMMON STOCK	14888L101
WNEB	WESTERN NEW ENG BANCORP INC	12,169	$110K	0.1%	$9.00 *	$7.15	-0.7%	COM	958892101
AWX	AVALON HLDGS CORP	22,941	$54,829	0.1%	$2.39 *	$1.64	+24.7%	CL A	05343P109