Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DRS	Leonardo DRS, Inc.	449,500	$20.01M	0.6%	$40.13	0.0%	COM	52661A108
INDV	Indivior Plc	653,413	$19.92M	0.6%	$34.29	0.0%	COM	45579U109
CHYM	Chime Financial Inc.	1,035,530	$19.4M	0.6%	$24.01	0.0%	COM	16935C109
HNGE	Hinge Health, Inc.	465,766	$17.96M	0.5%	$40.59	0.0%	COM	433313103
NVST	Envista Holdings Corp.	665,400	$16.88M	0.5%	$25.74	0.0%	COM	29415F104
SHAK	Shake Shack, Inc.	187,570	$16.59M	0.5%	$92.97	0.0%	COM	819047101
ARLO	Arlo Technologies, Inc.	982,300	$13.98M	0.4%	$12.80	0.0%	COM	04206A101
MOG/A	Moog Inc. - A	44,910	$13.14M	0.4%	$302.54	0.0%	COM	615394202
ATEN	A10 Networks, Inc.	504,300	$11.66M	0.3%	$18.39	0.0%	COM	002121101
SBCF	Seacoast Bkg Corp.	378,866	$11.48M	0.3%	$33.45	0.0%	COM	811707801
AMPX	Amprius Technologies, Inc.	585,000	$9.863M	0.3%	$10.86	0.0%	COM	03214Q108
THR	Thermon Group Hldgs Inc.	154,700	$7.797M	0.2%	$45.55	0.0%	COM	88362T103
APEI	American Public Education, Inc	130,400	$7.417M	0.2%	$42.14	0.0%	COM	02913V103
BW	Babcock & Wilcox Enterprises,	500,200	$7.348M	0.2%	$8.89	0.0%	COM	05614L209
KN	Knowles Corp.	234,200	$6.014M	0.2%	$25.21	0.0%	COM	49926D109
CNXN	PC Connection, Inc.	96,200	$5.624M	0.2%	$59.98	0.0%	COM	69318J100
BRCB	Black Rock Coffee Bar, Inc.	365,600	$4.724M	0.1%	$16.83	0.0%	COM	092244102
RCKY	Rocky Brands, Inc.	118,000	$4.569M	0.1%	$33.10	0.0%	COM	774515100
ACMR	ACM Research, Inc. Class A	13,000	$512K	0.0%	$57.07	0.0%	COM	00108J109
XOM	Exxon Mobil Corp.	1,303	$221K	0.0%	$138.74	0.0%	COM	30231G102
FCX	Freeport Mcmoran Copper & Gold	3,590	$211K	0.0%	$61.12	0.0%	COM	35671D857
MRK	Merck & Co.	1,730	$208K	0.0%	$114.28	0.0%	COM	58933Y105

Increased Positions (125)

AAOI Applied Optoelectronics Inc. 5.9%

Value $199M (+179.6%) Shares 2,349,969 (+15.2%) Est. Cost $22.91 Unrealized +82.5%

DOCN DigitalOcean Holdings, Inc. 2.3%

Value $79.56M (+112.3%) Shares 927,505 (+19.1%) Est. Cost $38.93 Unrealized +49.2%

DAN Dana Inc. 1.6%

Value $54.23M (+186.5%) Shares 1,611,500 (+102.3%) Est. Cost $25.78 Unrealized +17.7%

FSLY Fastly, Inc. 0.9%

Value $31.12M (+343.2%) Shares 1,071,022 (+55.3%) Est. Cost $10.47 Unrealized +10.5%

UCTT Ultra Clean Holdings 1.2%

Value $39.82M (+150.2%) Shares 640,476 (+1.9%) Est. Cost $37.34 Unrealized +25.6%

NVMI Nova Ltd. 1.8%

Value $59.91M (+61.0%) Shares 137,955 (+21.8%) Est. Cost $246.00 Unrealized +78.3%

MTSI Macom Technology Solutions 1.4%

Value $47.94M (+56.4%) Shares 215,886 (+20.6%) Est. Cost $129.87 Unrealized +70.2%

ECG Everus Construction Group 1.1%

Value $38.55M (+73.4%) Shares 326,533 (+25.7%) Est. Cost $62.05 Unrealized +54.8%

BTSG BrightSpring Health Services 1.5%

Value $49.38M (+45.2%) Shares 1,158,970 (+27.6%) Est. Cost $25.15 Unrealized +56.7%

CLH Clean Harbors, Inc. 1.2%

Value $41.39M (+51.0%) Shares 144,355 (+23.5%) Est. Cost $182.09 Unrealized +44.5%

SEI Solaris Energy Infrastructur 0.9%

Value $30.06M (+78.2%) Shares 531,889 (+45.0%) Est. Cost $35.24 Unrealized +50.5%

CNR Core Natural Resources, Inc. 0.8%

Value $28.26M (+78.9%) Shares 269,800 (+51.2%) Est. Cost $87.75 Unrealized +5.7%

LSCC Lattice Semiconductor Corporat 1.0%

Value $34.73M (+50.0%) Shares 374,436 (+19.0%) Est. Cost $76.45 Unrealized —

CRS Carpenter Technology Corp. 1.1%

Value $37.22M (+43.1%) Shares 94,433 (+14.3%) Est. Cost $116.03 Unrealized +201.0%

FSS Federal Signal Corp. 0.9%

Value $28.94M (+60.1%) Shares 267,634 (+60.7%) Est. Cost $87.01 Unrealized +32.4%

VIAV Viavi Solutions, Inc. 0.6%

Value $19.74M (+118.0%) Shares 593,200 (+16.7%) Est. Cost $17.13 Unrealized +34.1%

CAMT Camtek, Ltd. 1.0%

Value $33.78M (+45.1%) Shares 222,780 (+1.8%) Est. Cost $40.33 Unrealized +261.8%

FCFS FirstCash Holdings, Inc 0.9%

Value $31.15M (+48.8%) Shares 165,665 (+26.2%) Est. Cost $129.99 Unrealized +33.4%

GMED Globus Medical, Inc.-A 1.0%

Value $33.79M (+43.3%) Shares 392,200 (+45.3%) Est. Cost $80.64 Unrealized +13.0%

SIMO Silicon Motion Techn ADR 0.9%

Value $31.73M (+44.8%) Shares 282,550 (+19.6%) Est. Cost $78.47 Unrealized —

WGS Genedx Holdings Corp. 0.5%

Value $16.79M (-35.1%) Shares 261,370 (+31.5%) Est. Cost $60.78 Unrealized +66.4%

MTDR Matador Resources Company 0.6%

Value $19.76M (+83.3%) Shares 312,700 (+23.2%) Est. Cost $52.32 Unrealized -13.2%

RELY Remitly Global, Inc. 0.7%

Value $22.79M (+64.7%) Shares 1,454,300 (+45.0%) Est. Cost $17.87 Unrealized -22.0%

ABCB Ameris Bancorp 0.6%

Value $20.55M (+76.9%) Shares 263,500 (+68.5%) Est. Cost $67.55 Unrealized +20.0%

ARQT Arcutis Biotherapeutics, Inc. 1.0%

Value $32.18M (+37.1%) Shares 1,365,941 (+69.0%) Est. Cost $26.11 Unrealized +2.8%

LFUS Littelfuse, Inc. 0.7%

Value $24.37M (+54.6%) Shares 71,800 (+15.2%) Est. Cost $259.63 Unrealized +23.2%

AGX Argan, Inc 0.5%

Value $18.15M (+75.7%) Shares 33,322 (+1.1%) Est. Cost $100.47 Unrealized +268.8%

DIOD Diodes, Inc. 0.5%

Value $15.31M (+104.3%) Shares 224,300 (+47.7%) Est. Cost $49.46 Unrealized +23.3%

AEIS Advanced Energy Industry, Inc. 0.5%

Value $15.87M (+91.0%) Shares 49,183 (+23.9%) Est. Cost $140.92 Unrealized +92.0%

PAHC Phibro Animal Health Corp 0.5%

Value $15.33M (+95.5%) Shares 277,100 (+32.1%) Est. Cost $41.62 Unrealized +7.5%

LIVN LivaNova Plc 0.6%

Value $20.46M (+56.6%) Shares 321,900 (+51.6%) Est. Cost $55.94 Unrealized +16.5%

LASR nLIGHT Inc. 0.6%

Value $20.7M (+54.8%) Shares 363,010 (+1.9%) Est. Cost $27.36 Unrealized +74.4%

LMAT LeMaitre Vascular, Inc. 0.5%

Value $16.22M (+72.0%) Shares 148,601 (+27.8%) Est. Cost $67.22 Unrealized +29.6%

PI Impinj, Inc. 0.4%

Value $12.13M (-34.9%) Shares 118,086 (+10.2%) Est. Cost $157.16 Unrealized -3.3%

HALO Halozyme Therapeutics, Inc. 0.4%

Value $14.21M (+79.6%) Shares 219,930 (+87.0%) Est. Cost $64.68 Unrealized +13.8%

MGY Magnolia Oil & Gas Corp. 0.4%

Value $14.35M (+74.2%) Shares 454,466 (+20.8%) Est. Cost $23.72 Unrealized +4.5%

PEGA Pegasystems Inc. 0.6%

Value $19.38M (-23.6%) Shares 455,290 (+7.2%) Est. Cost $45.60 Unrealized +5.5%

QTWO Q2 Holdings, Inc. 0.6%

Value $18.67M (-23.2%) Shares 394,629 (+17.1%) Est. Cost $74.54 Unrealized -18.5%

CPRX Catalyst Pharmaceuticals, Inc. 0.6%

Value $19.33M (+41.1%) Shares 780,570 (+33.0%) Est. Cost $18.05 Unrealized +32.2%

BROS Dutch Bros., Inc. 0.9%

Value $30.32M (+22.4%) Shares 598,493 (+48.0%) Est. Cost $50.76 Unrealized +12.0%

MMSI Merit Medical System Inc 0.9%

Value $29.24M (+23.4%) Shares 424,209 (+57.8%) Est. Cost $79.99 Unrealized +3.5%

PUMP ProPetro Holding Corp. 0.4%

Value $13.91M (+54.3%) Shares 965,500 (+1.9%) Est. Cost $8.73 Unrealized +24.4%

ACA Arcosa, Inc. 0.8%

Value $28.41M (+20.6%) Shares 267,700 (+20.8%) Est. Cost $102.11 Unrealized +15.3%

AMSC American Superconductor 0.8%

Value $28.77M (+19.6%) Shares 849,900 (+1.7%) Est. Cost $17.29 Unrealized +83.4%

SN SharkNinja, Inc. 1.9%

Value $63.54M (+7.9%) Shares 599,970 (+14.0%) Est. Cost $75.93 Unrealized +61.6%

TPC Tutor Perini Corp. 0.9%

Value $30.41M (+17.2%) Shares 393,900 (+1.7%) Est. Cost $27.32 Unrealized +188.6%

FN Fabrinet 0.5%

Value $15.78M (+37.6%) Shares 30,263 (+20.1%) Est. Cost $254.50 Unrealized +93.6%

BLBD Blue Bird Corporation 0.7%

Value $22.1M (+22.9%) Shares 389,238 (+1.7%) Est. Cost $25.62 Unrealized +107.6%

EZPW EZCorp, Inc. 0.5%

Value $16.23M (+33.1%) Shares 639,400 (+1.8%) Est. Cost $8.64 Unrealized +163.8%

AEO American Eagle Outfitters 0.5%

Value $17.45M (-18.8%) Shares 1,044,900 (+28.3%) Est. Cost $17.97 Unrealized +38.8%

PDS Precision Drilling Corp. 0.3%

Value $11.08M (+54.9%) Shares 112,600 (+13.2%) Est. Cost $57.35 Unrealized +40.0%

QLYS Qualys, Inc. 0.3%

Value $10.45M (-27.1%) Shares 118,900 (+10.3%) Est. Cost $135.64 Unrealized -11.1%

IDCC Interdigital, Inc. 0.4%

Value $12.88M (+42.9%) Shares 42,645 (+50.7%) Est. Cost $247.50 Unrealized +36.5%

RSI Rush Street Interactive, Inc. 0.9%

Value $31.2M (+13.8%) Shares 1,434,560 (+1.6%) Est. Cost $9.57 Unrealized +89.4%

NIC Nicolet Bankshares, Inc. 0.3%

Value $11.12M (+48.5%) Shares 74,800 (+21.2%) Est. Cost $104.91 Unrealized +36.9%

SITM SiTime Corporation 1.2%

Value $41.19M (+9.6%) Shares 119,281 (+12.1%) Est. Cost $216.08 Unrealized +74.7%

ETON Eton Pharmaceuticals, Inc. 0.3%

Value $10.84M (+48.7%) Shares 439,300 (+1.9%) Est. Cost $17.13 Unrealized -6.7%

VCYT Veracyte, Inc. 0.8%

Value $27.05M (-11.6%) Shares 839,834 (+15.6%) Est. Cost $27.44 Unrealized +43.3%

FLS Flowserve Corporation 0.9%

Value $31.95M (+12.3%) Shares 434,681 (+6.0%) Est. Cost $44.98 Unrealized +79.4%

PRIM Primoris Services Corp. 0.7%

Value $23.76M (+17.2%) Shares 166,100 (+1.7%) Est. Cost $39.87 Unrealized +275.9%

CALX Calix, Inc. 0.5%

Value $16.41M (+26.8%) Shares 335,030 (+37.0%) Est. Cost $56.91 Unrealized -6.4%

ZWS Zurn Elkay Water Solutions Cor 0.5%

Value $15.79M (+27.7%) Shares 352,183 (+32.4%) Est. Cost $44.28 Unrealized +9.4%

LOPE Grand Canyon Education, Inc. 0.6%

Value $19.88M (+19.8%) Shares 116,900 (+17.1%) Est. Cost $151.35 Unrealized +11.8%

LTH Life Time Holdings, Inc. 0.9%

Value $31.26M (+11.0%) Shares 1,160,500 (+9.6%) Est. Cost $28.70 Unrealized -0.7%

MD Pediatrix Medical Group, Inc. 0.4%

Value $15M (+25.2%) Shares 701,087 (+25.2%) Est. Cost $15.49 Unrealized +37.3%

DCO Ducommun Inc. 0.4%

Value $12.19M (+30.6%) Shares 99,900 (+1.8%) Est. Cost $65.84 Unrealized +75.5%

BHE Benchmark Electronics Inc 0.3%

Value $11.32M (+33.5%) Shares 201,900 (+1.8%) Est. Cost $43.32 Unrealized +21.8%

IRTC Irhythm Holdings, Inc. 0.5%

Value $18.41M (-13.3%) Shares 156,004 (+30.3%) Est. Cost $147.90 Unrealized +7.2%

RMBS Rambus, Inc 1.3%

Value $45.28M (+6.6%) Shares 526,316 (+13.9%) Est. Cost $58.85 Unrealized +78.0%

FTDR Frontdoor, Inc. 1.1%

Value $37.95M (+7.7%) Shares 717,960 (+17.5%) Est. Cost $43.23 Unrealized +34.7%

LQDA Liquidia Corp. 0.4%

Value $14.04M (+23.7%) Shares 372,100 (+13.0%) Est. Cost $16.56 Unrealized +129.0%

MGNI Magnite, Inc. 0.2%

Value $7.693M (-25.4%) Shares 647,600 (+1.9%) Est. Cost $13.89 Unrealized -0.6%

VISN Vistance Networks, Inc. 0.6%

Value $19.87M (+14.1%) Shares 1,092,012 (+13.6%) Est. Cost $14.31 Unrealized +29.2%

KNSA Kiniksa Pharmaceuticals, Ltd. 0.5%

Value $15.34M (+18.9%) Shares 318,634 (+1.9%) Est. Cost $25.14 Unrealized +71.7%

OSIS Osi Systems, Inc. 0.8%

Value $28.3M (+9.4%) Shares 106,593 (+5.1%) Est. Cost $149.27 Unrealized +84.8%

EVLV Evolv Technologies Holdings 0.3%

Value $10.12M (+31.1%) Shares 1,671,949 (+55.1%) Est. Cost $5.34 Unrealized +14.0%

SKYW Skywest Inc 1.1%

Value $36.04M (-6.1%) Shares 392,499 (+2.7%) Est. Cost $67.78 Unrealized +50.5%

ICUI ICU Medical, Inc. 0.8%

Value $26.31M (+9.7%) Shares 203,710 (+21.2%) Est. Cost $149.83 Unrealized +0.7%

AIZ Assurant, Inc. 0.7%

Value $22.28M (+11.5%) Shares 102,300 (+23.3%) Est. Cost $181.84 Unrealized +27.7%

ALHC Alighnment Healthcare, Inc. 0.5%

Value $17.03M (+15.4%) Shares 966,600 (+29.3%) Est. Cost $18.75 Unrealized +14.3%

RDVT Red Violet, Inc. 0.1%

Value $3.623M (-38.1%) Shares 104,700 (+1.8%) Est. Cost $38.99 Unrealized +18.4%

SKWD Skyward Specialty Ins Group 0.4%

Value $14.29M (+17.7%) Shares 327,100 (+37.7%) Est. Cost $41.83 Unrealized +9.3%

LIND Lindblad Expeditions Holdings, 0.2%

Value $6.552M (+48.1%) Shares 378,721 (+23.4%) Est. Cost $12.54 Unrealized +41.4%

ANIP ANI Pharmaceuticals, Inc. 0.5%

Value $17.02M (+14.2%) Shares 221,386 (+17.2%) Est. Cost $69.85 Unrealized +15.1%

XPRO Expro Group Holdings N.V. 0.2%

Value $7.915M (+32.8%) Shares 454,600 (+1.9%) Est. Cost $11.01 Unrealized +45.3%

AORT Artivion, Inc 0.2%

Value $8.097M (-18.2%) Shares 221,122 (+1.9%) Est. Cost $18.64 Unrealized +120.9%

G Genpact Ltd. 0.7%

Value $22.6M (-7.4%) Shares 606,832 (+16.3%) Est. Cost $39.91 Unrealized +6.7%

HURN Huron Consulting Group, Inc. 0.2%

Value $5.393M (-24.8%) Shares 42,300 (+1.9%) Est. Cost $98.25 Unrealized +63.7%

ZETA Zeta Global Holdings Corp. 0.4%

Value $13.87M (-11.2%) Shares 871,060 (+13.6%) Est. Cost $13.22 Unrealized +45.4%

URBN Urban Outfitters, Inc. 0.6%

Value $19.94M (-7.5%) Shares 314,792 (+9.9%) Est. Cost $63.79 Unrealized +12.0%

GRC The Gorman-Rupp Co. 0.2%

Value $5.902M (+32.6%) Shares 95,000 (+1.9%) Est. Cost $33.70 Unrealized +70.8%

NPKI NPK International, Inc. 0.2%

Value $7.508M (+23.8%) Shares 518,150 (+1.8%) Est. Cost $7.56 Unrealized +82.6%

DAVE Dave, Inc. 0.3%

Value $11.61M (-11.0%) Shares 66,702 (+13.2%) Est. Cost $191.25 Unrealized -1.7%

SPXC SPX Technologies, Inc. 0.5%

Value $16.68M (+8.4%) Shares 83,441 (+8.5%) Est. Cost $108.33 Unrealized —

CRAI CRA Int'l Inc. 0.2%

Value $5.904M (-17.8%) Shares 36,470 (+2.0%) Est. Cost $186.94 Unrealized +1.3%

BOX Box, Inc. 0.5%

Value $18.24M (-6.5%) Shares 771,520 (+18.3%) Est. Cost $29.22 Unrealized -12.4%

OSW OneSpaWorld Holdings Limited 0.3%

Value $11.15M (+12.7%) Shares 485,690 (+1.8%) Est. Cost $13.15 Unrealized +60.8%

CRDO Credo Technology Group 2.8%

Value $95.93M (-1.3%) Shares 1,021,968 (+51.3%) Est. Cost $71.02 Unrealized +84.9%

SGHC Super Group SGHC Ltd. 0.5%

Value $16.36M (+7.9%) Shares 1,514,400 (+19.4%) Est. Cost $11.67 Unrealized -15.5%

COUR Coursera, Inc. 0.1%

Value $4.783M (-19.5%) Shares 821,800 (+1.9%) Est. Cost $10.14 Unrealized -37.1%

BVS Bioventus, Inc. 0.2%

Value $5.735M (+25.0%) Shares 628,114 (+1.9%) Est. Cost $7.14 Unrealized +13.3%

CLMB Climb Global Solutions, Inc. 0.1%

Value $4.199M (-21.4%) Shares 211,840 (+307.7%) Est. Cost $116.51 Unrealized -0.2%

CRMD CorMedix, Inc. 0.2%

Value $8.223M (-12.2%) Shares 1,211,115 (+50.4%) Est. Cost $9.96 Unrealized -21.0%

TILE Interface, Inc. 0.3%

Value $11.06M (-9.1%) Shares 443,900 (+1.9%) Est. Cost $18.55 Unrealized +71.0%

LEVI Levi Strauss & Co. 0.6%

Value $21.58M (+4.7%) Shares 1,167,300 (+17.4%) Est. Cost $21.02 Unrealized +1.2%

HQY HealthEquity Inc. 0.4%

Value $13.93M (+7.4%) Shares 166,641 (+17.7%) Est. Cost $83.16 Unrealized -0.0%

ADPT Adaptive Biotechnologies 0.3%

Value $11.2M (-7.4%) Shares 806,951 (+8.4%) Est. Cost $10.38 Unrealized +63.7%

RDWR Radware, Ltd. 0.2%

Value $7.546M (+11.3%) Shares 286,700 (+1.8%) Est. Cost $20.83 Unrealized +18.3%

SRCE 1st Source Corp. 0.2%

Value $5.966M (+12.7%) Shares 86,200 (+1.8%) Est. Cost $48.20 Unrealized —

PLUS EPlus, Inc. 0.3%

Value $10.35M (+6.4%) Shares 137,498 (+24.0%) Est. Cost $83.01 Unrealized +2.5%

WAY Waystar Holding Corp. 0.8%

Value $28.15M (+2.2%) Shares 1,167,474 (+38.9%) Est. Cost $34.21 Unrealized -19.6%

VSEC VSE Corp. 0.2%

Value $6.271M (+8.7%) Shares 34,008 (+1.8%) Est. Cost $63.29 Unrealized +228.6%

BOOT Boot Barn Hldgs, Inc. 0.3%

Value $9.982M (+5.1%) Shares 68,200 (+26.8%) Est. Cost $132.89 Unrealized +43.5%

TCMD Tactile Sys Technology, Inc. 0.2%

Value $5.3M (-8.2%) Shares 202,839 (+1.9%) Est. Cost $22.32 Unrealized +30.2%

FBK FB Financial Corp. 0.2%

Value $8.419M (-5.2%) Shares 162,100 (+1.8%) Est. Cost $46.94 Unrealized +24.8%

EYE National Vision Holdings, Inc. 0.6%

Value $20.66M (+2.0%) Shares 797,780 (+1.7%) Est. Cost $19.56 Unrealized +38.8%

MIR Mirion Technologies, Inc. 0.4%

Value $13.84M (-2.8%) Shares 744,267 (+22.5%) Est. Cost $24.80 Unrealized -2.5%

AXGN AxoGen Inc. 0.3%

Value $11.34M (+3.1%) Shares 342,394 (+1.8%) Est. Cost $12.60 Unrealized +164.2%

ATEC Alphatec Hldgs Inc. 0.6%

Value $20.76M (-1.4%) Shares 1,908,293 (+90.8%) Est. Cost $16.18 Unrealized -1.4%

MHO M/I Homes, Inc. 0.3%

Value $9.355M (-2.5%) Shares 76,400 (+1.9%) Est. Cost $105.48 Unrealized +30.7%

SPY SPDR S&P 500 ETF Trust 0.0%

Value $1.544M (+10.2%) Shares 2,374 (+15.5%) Est. Cost $266.41 Unrealized —

JNJ Johnson & Johnson 0.0%

Value $561K (+32.2%) Shares 2,294 (+11.9%) Est. Cost $95.12 Unrealized +139.6%

AAPL Apple, Inc. 0.0%

Value $896K (-5.2%) Shares 3,531 (+1.6%) Est. Cost $119.50 Unrealized +119.9%

JPM JP Morgan Chase & Company Inc. 0.0%

Value $936K (-4.8%) Shares 3,184 (+4.3%) Est. Cost $49.62 Unrealized +527.6%

ADUS Addus Homecare Corp. 0.2%

Value $8.372M (-0.3%) Shares 89,396 (+14.3%) Est. Cost $110.22 Unrealized -0.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAOI	Applied Optoelectronics Inc.	2,349,969 (+15.2%)	$199M (+179.6%)	5.9%	$22.91	+82.5%	COM	03823U102
DOCN	DigitalOcean Holdings, Inc.	927,505 (+19.1%)	$79.56M (+112.3%)	2.3%	$38.93	+49.2%	COM	25402D102
DAN	Dana Inc.	1,611,500 (+102.3%)	$54.23M (+186.5%)	1.6%	$25.78	+17.7%	COM	235825205
FSLY	Fastly, Inc.	1,071,022 (+55.3%)	$31.12M (+343.2%)	0.9%	$10.47	+10.5%	COM	31188V100
UCTT	Ultra Clean Holdings	640,476 (+1.9%)	$39.82M (+150.2%)	1.2%	$37.34	+25.6%	COM	90385V107
NVMI	Nova Ltd.	137,955 (+21.8%)	$59.91M (+61.0%)	1.8%	$246.00	+78.3%	COM	M7516K103
MTSI	Macom Technology Solutions	215,886 (+20.6%)	$47.94M (+56.4%)	1.4%	$129.87	+70.2%	COM	55405Y100
ECG	Everus Construction Group	326,533 (+25.7%)	$38.55M (+73.4%)	1.1%	$62.05	+54.8%	COM	300426103
BTSG	BrightSpring Health Services	1,158,970 (+27.6%)	$49.38M (+45.2%)	1.5%	$25.15	+56.7%	COM	10950A106
CLH	Clean Harbors, Inc.	144,355 (+23.5%)	$41.39M (+51.0%)	1.2%	$182.09	+44.5%	COM	184496107
SEI	Solaris Energy Infrastructur	531,889 (+45.0%)	$30.06M (+78.2%)	0.9%	$35.24	+50.5%	COM	83418M103
CNR	Core Natural Resources, Inc.	269,800 (+51.2%)	$28.26M (+78.9%)	0.8%	$87.75	+5.7%	COM	218937100
LSCC	Lattice Semiconductor Corporat	374,436 (+19.0%)	$34.73M (+50.0%)	1.0%	$76.45	—	COM	518415104
CRS	Carpenter Technology Corp.	94,433 (+14.3%)	$37.22M (+43.1%)	1.1%	$116.03	+201.0%	COM	144285103
FSS	Federal Signal Corp.	267,634 (+60.7%)	$28.94M (+60.1%)	0.9%	$87.01	+32.4%	COM	313855108
VIAV	Viavi Solutions, Inc.	593,200 (+16.7%)	$19.74M (+118.0%)	0.6%	$17.13	+34.1%	COM	925550105
CAMT	Camtek, Ltd.	222,780 (+1.8%)	$33.78M (+45.1%)	1.0%	$40.33	+261.8%	COM	M20791105
FCFS	FirstCash Holdings, Inc	165,665 (+26.2%)	$31.15M (+48.8%)	0.9%	$129.99	+33.4%	COM	33768G107
GMED	Globus Medical, Inc.-A	392,200 (+45.3%)	$33.79M (+43.3%)	1.0%	$80.64	+13.0%	COM	379577208
SIMO	Silicon Motion Techn ADR	282,550 (+19.6%)	$31.73M (+44.8%)	0.9%	$78.47	—	COM	82706C108
WGS	Genedx Holdings Corp.	261,370 (+31.5%)	$16.79M (-35.1%)	0.5%	$60.78	+66.4%	COM	81663L200
MTDR	Matador Resources Company	312,700 (+23.2%)	$19.76M (+83.3%)	0.6%	$52.32	-13.2%	COM	576485205
RELY	Remitly Global, Inc.	1,454,300 (+45.0%)	$22.79M (+64.7%)	0.7%	$17.87	-22.0%	COM	75960P104
ABCB	Ameris Bancorp	263,500 (+68.5%)	$20.55M (+76.9%)	0.6%	$67.55	+20.0%	COM	03076K108
ARQT	Arcutis Biotherapeutics, Inc.	1,365,941 (+69.0%)	$32.18M (+37.1%)	1.0%	$26.11	+2.8%	COM	03969K108
LFUS	Littelfuse, Inc.	71,800 (+15.2%)	$24.37M (+54.6%)	0.7%	$259.63	+23.2%	COM	537008104
AGX	Argan, Inc	33,322 (+1.1%)	$18.15M (+75.7%)	0.5%	$100.47	+268.8%	COM	04010E109
DIOD	Diodes, Inc.	224,300 (+47.7%)	$15.31M (+104.3%)	0.5%	$49.46	+23.3%	COM	254543101
AEIS	Advanced Energy Industry, Inc.	49,183 (+23.9%)	$15.87M (+91.0%)	0.5%	$140.92	+92.0%	COM	007973100
PAHC	Phibro Animal Health Corp	277,100 (+32.1%)	$15.33M (+95.5%)	0.5%	$41.62	+7.5%	COM	71742Q106
LIVN	LivaNova Plc	321,900 (+51.6%)	$20.46M (+56.6%)	0.6%	$55.94	+16.5%	COM	G5509L101
LASR	nLIGHT Inc.	363,010 (+1.9%)	$20.7M (+54.8%)	0.6%	$27.36	+74.4%	COM	65487K100
LMAT	LeMaitre Vascular, Inc.	148,601 (+27.8%)	$16.22M (+72.0%)	0.5%	$67.22	+29.6%	COM	525558201
PI	Impinj, Inc.	118,086 (+10.2%)	$12.13M (-34.9%)	0.4%	$157.16	-3.3%	COM	453204109
HALO	Halozyme Therapeutics, Inc.	219,930 (+87.0%)	$14.21M (+79.6%)	0.4%	$64.68	+13.8%	COM	40637H109
MGY	Magnolia Oil & Gas Corp.	454,466 (+20.8%)	$14.35M (+74.2%)	0.4%	$23.72	+4.5%	COM	559663109
PEGA	Pegasystems Inc.	455,290 (+7.2%)	$19.38M (-23.6%)	0.6%	$45.60	+5.5%	COM	705573103
QTWO	Q2 Holdings, Inc.	394,629 (+17.1%)	$18.67M (-23.2%)	0.6%	$74.54	-18.5%	COM	74736L109
CPRX	Catalyst Pharmaceuticals, Inc.	780,570 (+33.0%)	$19.33M (+41.1%)	0.6%	$18.05	+32.2%	COM	14888U101
BROS	Dutch Bros., Inc.	598,493 (+48.0%)	$30.32M (+22.4%)	0.9%	$50.76	+12.0%	COM	26701L100
MMSI	Merit Medical System Inc	424,209 (+57.8%)	$29.24M (+23.4%)	0.9%	$79.99	+3.5%	COM	589889104
PUMP	ProPetro Holding Corp.	965,500 (+1.9%)	$13.91M (+54.3%)	0.4%	$8.73	+24.4%	COM	74347M108
ACA	Arcosa, Inc.	267,700 (+20.8%)	$28.41M (+20.6%)	0.8%	$102.11	+15.3%	COM	039653100
AMSC	American Superconductor	849,900 (+1.7%)	$28.77M (+19.6%)	0.8%	$17.29	+83.4%	COM	030111207
SN	SharkNinja, Inc.	599,970 (+14.0%)	$63.54M (+7.9%)	1.9%	$75.93	+61.6%	COM	G8068L108
TPC	Tutor Perini Corp.	393,900 (+1.7%)	$30.41M (+17.2%)	0.9%	$27.32	+188.6%	COM	901109108
FN	Fabrinet	30,263 (+20.1%)	$15.78M (+37.6%)	0.5%	$254.50	+93.6%	COM	G3323L100
BLBD	Blue Bird Corporation	389,238 (+1.7%)	$22.1M (+22.9%)	0.7%	$25.62	+107.6%	COM	095306106
EZPW	EZCorp, Inc.	639,400 (+1.8%)	$16.23M (+33.1%)	0.5%	$8.64	+163.8%	COM	302301106
AEO	American Eagle Outfitters	1,044,900 (+28.3%)	$17.45M (-18.8%)	0.5%	$17.97	+38.8%	COM	02553E106
PDS	Precision Drilling Corp.	112,600 (+13.2%)	$11.08M (+54.9%)	0.3%	$57.35	+40.0%	COM	74022D407
QLYS	Qualys, Inc.	118,900 (+10.3%)	$10.45M (-27.1%)	0.3%	$135.64	-11.1%	COM	74758T303
IDCC	Interdigital, Inc.	42,645 (+50.7%)	$12.88M (+42.9%)	0.4%	$247.50	+36.5%	COM	45867G101
RSI	Rush Street Interactive, Inc.	1,434,560 (+1.6%)	$31.2M (+13.8%)	0.9%	$9.57	+89.4%	COM	782011100
NIC	Nicolet Bankshares, Inc.	74,800 (+21.2%)	$11.12M (+48.5%)	0.3%	$104.91	+36.9%	COM	65406E102
SITM	SiTime Corporation	119,281 (+12.1%)	$41.19M (+9.6%)	1.2%	$216.08	+74.7%	COM	82982T106
ETON	Eton Pharmaceuticals, Inc.	439,300 (+1.9%)	$10.84M (+48.7%)	0.3%	$17.13	-6.7%	COM	29772L108
VCYT	Veracyte, Inc.	839,834 (+15.6%)	$27.05M (-11.6%)	0.8%	$27.44	+43.3%	COM	92337F107
FLS	Flowserve Corporation	434,681 (+6.0%)	$31.95M (+12.3%)	0.9%	$44.98	+79.4%	COM	34354P105
PRIM	Primoris Services Corp.	166,100 (+1.7%)	$23.76M (+17.2%)	0.7%	$39.87	+275.9%	COM	74164F103
CALX	Calix, Inc.	335,030 (+37.0%)	$16.41M (+26.8%)	0.5%	$56.91	-6.4%	COM	13100M509
ZWS	Zurn Elkay Water Solutions Cor	352,183 (+32.4%)	$15.79M (+27.7%)	0.5%	$44.28	+9.4%	COM	98983L108
LOPE	Grand Canyon Education, Inc.	116,900 (+17.1%)	$19.88M (+19.8%)	0.6%	$151.35	+11.8%	COM	38526M106
LTH	Life Time Holdings, Inc.	1,160,500 (+9.6%)	$31.26M (+11.0%)	0.9%	$28.70	-0.7%	COM	53190C102
MD	Pediatrix Medical Group, Inc.	701,087 (+25.2%)	$15M (+25.2%)	0.4%	$15.49	+37.3%	COM	58502B106
DCO	Ducommun Inc.	99,900 (+1.8%)	$12.19M (+30.6%)	0.4%	$65.84	+75.5%	COM	264147109
BHE	Benchmark Electronics Inc	201,900 (+1.8%)	$11.32M (+33.5%)	0.3%	$43.32	+21.8%	COM	08160H101
IRTC	Irhythm Holdings, Inc.	156,004 (+30.3%)	$18.41M (-13.3%)	0.5%	$147.90	+7.2%	COM	450056106
RMBS	Rambus, Inc	526,316 (+13.9%)	$45.28M (+6.6%)	1.3%	$58.85	+78.0%	COM	750917106
FTDR	Frontdoor, Inc.	717,960 (+17.5%)	$37.95M (+7.7%)	1.1%	$43.23	+34.7%	COM	35905A109
LQDA	Liquidia Corp.	372,100 (+13.0%)	$14.04M (+23.7%)	0.4%	$16.56	+129.0%	COM	53635D202
MGNI	Magnite, Inc.	647,600 (+1.9%)	$7.693M (-25.4%)	0.2%	$13.89	-0.6%	COM	55955D100
VISN	Vistance Networks, Inc.	1,092,012 (+13.6%)	$19.87M (+14.1%)	0.6%	$14.31	+29.2%	COM	20337X109
KNSA	Kiniksa Pharmaceuticals, Ltd.	318,634 (+1.9%)	$15.34M (+18.9%)	0.5%	$25.14	+71.7%	COM	G52694109
OSIS	Osi Systems, Inc.	106,593 (+5.1%)	$28.3M (+9.4%)	0.8%	$149.27	+84.8%	COM	671044105
EVLV	Evolv Technologies Holdings	1,671,949 (+55.1%)	$10.12M (+31.1%)	0.3%	$5.34	+14.0%	COM	30049H102
SKYW	Skywest Inc	392,499 (+2.7%)	$36.04M (-6.1%)	1.1%	$67.78	+50.5%	COM	830879102
ICUI	ICU Medical, Inc.	203,710 (+21.2%)	$26.31M (+9.7%)	0.8%	$149.83	+0.7%	COM	44930G107
AIZ	Assurant, Inc.	102,300 (+23.3%)	$22.28M (+11.5%)	0.7%	$181.84	+27.7%	COM	04621X108
ALHC	Alighnment Healthcare, Inc.	966,600 (+29.3%)	$17.03M (+15.4%)	0.5%	$18.75	+14.3%	COM	01625V104
RDVT	Red Violet, Inc.	104,700 (+1.8%)	$3.623M (-38.1%)	0.1%	$38.99	+18.4%	COM	75704L104
SKWD	Skyward Specialty Ins Group	327,100 (+37.7%)	$14.29M (+17.7%)	0.4%	$41.83	+9.3%	COM	830940102
LIND	Lindblad Expeditions Holdings,	378,721 (+23.4%)	$6.552M (+48.1%)	0.2%	$12.54	+41.4%	COM	535219109
ANIP	ANI Pharmaceuticals, Inc.	221,386 (+17.2%)	$17.02M (+14.2%)	0.5%	$69.85	+15.1%	COM	00182C103
XPRO	Expro Group Holdings N.V.	454,600 (+1.9%)	$7.915M (+32.8%)	0.2%	$11.01	+45.3%	COM	N3144W105
AORT	Artivion, Inc	221,122 (+1.9%)	$8.097M (-18.2%)	0.2%	$18.64	+120.9%	COM	228903100
G	Genpact Ltd.	606,832 (+16.3%)	$22.6M (-7.4%)	0.7%	$39.91	+6.7%	COM	G3922B107
HURN	Huron Consulting Group, Inc.	42,300 (+1.9%)	$5.393M (-24.8%)	0.2%	$98.25	+63.7%	COM	447462102
ZETA	Zeta Global Holdings Corp.	871,060 (+13.6%)	$13.87M (-11.2%)	0.4%	$13.22	+45.4%	COM	98956A105
URBN	Urban Outfitters, Inc.	314,792 (+9.9%)	$19.94M (-7.5%)	0.6%	$63.79	+12.0%	COM	917047102
GRC	The Gorman-Rupp Co.	95,000 (+1.9%)	$5.902M (+32.6%)	0.2%	$33.70	+70.8%	COM	383082104
NPKI	NPK International, Inc.	518,150 (+1.8%)	$7.508M (+23.8%)	0.2%	$7.56	+82.6%	COM	651718504
DAVE	Dave, Inc.	66,702 (+13.2%)	$11.61M (-11.0%)	0.3%	$191.25	-1.7%	COM	23834J201
SPXC	SPX Technologies, Inc.	83,441 (+8.5%)	$16.68M (+8.4%)	0.5%	$108.33	—	COM	78473E103
CRAI	CRA Int'l Inc.	36,470 (+2.0%)	$5.904M (-17.8%)	0.2%	$186.94	+1.3%	COM	12618T105
BOX	Box, Inc.	771,520 (+18.3%)	$18.24M (-6.5%)	0.5%	$29.22	-12.4%	COM	10316T104
OSW	OneSpaWorld Holdings Limited	485,690 (+1.8%)	$11.15M (+12.7%)	0.3%	$13.15	+60.8%	COM	P73684113
CRDO	Credo Technology Group	1,021,968 (+51.3%)	$95.93M (-1.3%)	2.8%	$71.02	+84.9%	COM	G25457105
SGHC	Super Group SGHC Ltd.	1,514,400 (+19.4%)	$16.36M (+7.9%)	0.5%	$11.67	-15.5%	COM	G8588X103
COUR	Coursera, Inc.	821,800 (+1.9%)	$4.783M (-19.5%)	0.1%	$10.14	-37.1%	COM	22266M104
BVS	Bioventus, Inc.	628,114 (+1.9%)	$5.735M (+25.0%)	0.2%	$7.14	+13.3%	COM	09075A108
CLMB	Climb Global Solutions, Inc.	211,840 (+307.7%)	$4.199M (-21.4%)	0.1%	$116.51	-0.2%	COM	946760105
CRMD	CorMedix, Inc.	1,211,115 (+50.4%)	$8.223M (-12.2%)	0.2%	$9.96	-21.0%	COM	21900C308
TILE	Interface, Inc.	443,900 (+1.9%)	$11.06M (-9.1%)	0.3%	$18.55	+71.0%	COM	458665304
LEVI	Levi Strauss & Co.	1,167,300 (+17.4%)	$21.58M (+4.7%)	0.6%	$21.02	+1.2%	COM	52736R102
HQY	HealthEquity Inc.	166,641 (+17.7%)	$13.93M (+7.4%)	0.4%	$83.16	-0.0%	COM	42226A107
ADPT	Adaptive Biotechnologies	806,951 (+8.4%)	$11.2M (-7.4%)	0.3%	$10.38	+63.7%	COM	00650F109
RDWR	Radware, Ltd.	286,700 (+1.8%)	$7.546M (+11.3%)	0.2%	$20.83	+18.3%	COM	M81873107
SRCE	1st Source Corp.	86,200 (+1.8%)	$5.966M (+12.7%)	0.2%	$48.20	—	COM	336901103
PLUS	EPlus, Inc.	137,498 (+24.0%)	$10.35M (+6.4%)	0.3%	$83.01	+2.5%	COM	294268107
WAY	Waystar Holding Corp.	1,167,474 (+38.9%)	$28.15M (+2.2%)	0.8%	$34.21	-19.6%	COM	946784105
VSEC	VSE Corp.	34,008 (+1.8%)	$6.271M (+8.7%)	0.2%	$63.29	+228.6%	COM	918284100
BOOT	Boot Barn Hldgs, Inc.	68,200 (+26.8%)	$9.982M (+5.1%)	0.3%	$132.89	+43.5%	COM	099406100
TCMD	Tactile Sys Technology, Inc.	202,839 (+1.9%)	$5.3M (-8.2%)	0.2%	$22.32	+30.2%	COM	87357P100
FBK	FB Financial Corp.	162,100 (+1.8%)	$8.419M (-5.2%)	0.2%	$46.94	+24.8%	COM	30257X104
EYE	National Vision Holdings, Inc.	797,780 (+1.7%)	$20.66M (+2.0%)	0.6%	$19.56	+38.8%	COM	63845R107
MIR	Mirion Technologies, Inc.	744,267 (+22.5%)	$13.84M (-2.8%)	0.4%	$24.80	-2.5%	COM	60471A101
AXGN	AxoGen Inc.	342,394 (+1.8%)	$11.34M (+3.1%)	0.3%	$12.60	+164.2%	COM	05463X106
ATEC	Alphatec Hldgs Inc.	1,908,293 (+90.8%)	$20.76M (-1.4%)	0.6%	$16.18	-1.4%	COM	02081G201
MHO	M/I Homes, Inc.	76,400 (+1.9%)	$9.355M (-2.5%)	0.3%	$105.48	+30.7%	COM	55305B101
SPY	SPDR S&P 500 ETF Trust	2,374 (+15.5%)	$1.544M (+10.2%)	0.0%	$266.41	—	ETF	78462F103
JNJ	Johnson & Johnson	2,294 (+11.9%)	$561K (+32.2%)	0.0%	$95.12	+139.6%	COM	478160104
AAPL	Apple, Inc.	3,531 (+1.6%)	$896K (-5.2%)	0.0%	$119.50	+119.9%	COM	037833100
JPM	JP Morgan Chase & Company Inc.	3,184 (+4.3%)	$936K (-4.8%)	0.0%	$49.62	+527.6%	COM	46625H100
ADUS	Addus Homecare Corp.	89,396 (+14.3%)	$8.372M (-0.3%)	0.2%	$110.22	-0.8%	COM	006739106

Exited Positions (21)

CARG CarGurus, Inc. 0.6%

Value $19.88M Shares 518,400 Est. Cost $34.19 Unrealized -5.3%

SXT Sensient Technologies Corp. 0.5%

Value $17.66M Shares 188,000 Est. Cost $105.11 Unrealized -9.0%

GENI Genius Sports Ltd. 0.5%

Value $17.48M Shares 1,585,900 Est. Cost $11.58 Unrealized -28.2%

ACIW ACI Worldwide Inc. 0.5%

Value $15.81M Shares 330,702 Est. Cost $40.55 Unrealized +5.7%

— Indivior Plc 0.5%

Value $15.25M Shares 424,941 Est. Cost $35.88 Unrealized —

CVLT Commvault Systems, Inc. 0.4%

Value $13.9M Shares 110,900 Est. Cost $165.77 Unrealized -37.9%

TPB Turning PT Brands, Inc. 0.3%

Value $11.22M Shares 103,500 Est. Cost $68.74 Unrealized +78.5%

WK Workiva, Inc. 0.3%

Value $11M Shares 127,500 Est. Cost $88.54 Unrealized -15.5%

GDOT Green Dot Corp. Cl A 0.3%

Value $9.8M Shares 765,000 Est. Cost $12.34 Unrealized -1.4%

ATRC Atricure, Inc. 0.3%

Value $8.624M Shares 217,992 Est. Cost $35.11 Unrealized +5.1%

— Rev Group, Inc. 0.2%

Value $8.38M Shares 137,800 Est. Cost $23.52 Unrealized —

BBW Build A Bear 0.2%

Value $8.216M Shares 134,100 Est. Cost $57.18 Unrealized +3.5%

FRME First Merchants Corporation 0.2%

Value $7.346M Shares 196,000 Est. Cost $34.44 Unrealized +15.8%

MBUU Malibu Boats, Inc. 0.2%

Value $6.886M Shares 244,100 Est. Cost $38.26 Unrealized -16.6%

HWKN Hawkins, Inc. 0.2%

Value $6.648M Shares 46,800 Est. Cost $63.31 Unrealized +131.0%

— Pagaya Technologies Ltd. 0.2%

Value $6.387M Shares 305,600 Est. Cost $26.36 Unrealized —

AIOT Powerfleet, Inc. 0.2%

Value $5.827M Shares 1,095,252 Est. Cost $6.18 Unrealized -21.6%

LYTS LSI Industries Inc. 0.1%

Value $3.177M Shares 173,400 Est. Cost $19.22 Unrealized +10.6%

MTRX Matrix Service Co. 0.1%

Value $2.651M Shares 226,575 Est. Cost $11.31 Unrealized +10.8%

BLZE Backblaze, Inc. 0.1%

Value $2.572M Shares 552,023 Est. Cost $8.71 Unrealized -47.9%

SHOP Shopify, Inc. 0.1%

Value $2.109M Shares 13,100 Est. Cost $141.49 Unrealized -3.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CARG	CarGurus, Inc.	518,400	$19.88M	0.6%	$34.19	-5.3%	—	141788109
SXT	Sensient Technologies Corp.	188,000	$17.66M	0.5%	$105.11	-9.0%	—	81725T100
GENI	Genius Sports Ltd.	1,585,900	$17.48M	0.5%	$11.58	-28.2%	—	G3934V109
ACIW	ACI Worldwide Inc.	330,702	$15.81M	0.5%	$40.55	+5.7%	—	004498101
—	Indivior Plc	424,941	$15.25M	0.5%	$35.88	—	—	G4766E116
CVLT	Commvault Systems, Inc.	110,900	$13.9M	0.4%	$165.77	-37.9%	—	204166102
TPB	Turning PT Brands, Inc.	103,500	$11.22M	0.3%	$68.74	+78.5%	—	90041L105
WK	Workiva, Inc.	127,500	$11M	0.3%	$88.54	-15.5%	—	98139A105
GDOT	Green Dot Corp. Cl A	765,000	$9.8M	0.3%	$12.34	-1.4%	—	39304D102
ATRC	Atricure, Inc.	217,992	$8.624M	0.3%	$35.11	+5.1%	—	04963C209
—	Rev Group, Inc.	137,800	$8.38M	0.2%	$23.52	—	—	749527107
BBW	Build A Bear	134,100	$8.216M	0.2%	$57.18	+3.5%	—	120076104
FRME	First Merchants Corporation	196,000	$7.346M	0.2%	$34.44	+15.8%	—	320817109
MBUU	Malibu Boats, Inc.	244,100	$6.886M	0.2%	$38.26	-16.6%	—	56117J100
HWKN	Hawkins, Inc.	46,800	$6.648M	0.2%	$63.31	+131.0%	—	420261109
—	Pagaya Technologies Ltd.	305,600	$6.387M	0.2%	$26.36	—	—	M7S64l123
AIOT	Powerfleet, Inc.	1,095,252	$5.827M	0.2%	$6.18	-21.6%	—	73931J109
LYTS	LSI Industries Inc.	173,400	$3.177M	0.1%	$19.22	+10.6%	—	50216C108
MTRX	Matrix Service Co.	226,575	$2.651M	0.1%	$11.31	+10.8%	—	576853105
BLZE	Backblaze, Inc.	552,023	$2.572M	0.1%	$8.71	-47.9%	—	05637B105
SHOP	Shopify, Inc.	13,100	$2.109M	0.1%	$141.49	-3.6%	—	82509L107

Decreased Positions (19)

LITE Lumentum Hldgs, Inc. 5.5%

Value $187M (+80.7%) Shares 266,222 (-5.2%) Est. Cost $80.70 Unrealized +478.8%

AMBA Ambarella, Inc. 0.4%

Value $15.19M (-65.3%) Shares 295,185 (-52.2%) Est. Cost $64.65 Unrealized +4.0%

FRSH Freshworks, Inc. 0.0%

Value $464K (-98.2%) Shares 57,750 (-97.2%) Est. Cost $15.36 Unrealized -35.6%

EHC Encompass Health Corporation 0.8%

Value $28M (-26.5%) Shares 289,485 (-19.4%) Est. Cost $76.28 Unrealized +34.9%

— IBEX Ltd. 0.0%

Value $274K (-97.0%) Shares 10,200 (-95.8%) Est. Cost $26.40 Unrealized —

WEAV Weave Communications, Inc. 0.0%

Value $336K (-95.6%) Shares 72,830 (-92.7%) Est. Cost $9.17 Unrealized -30.4%

COCO The Vita Coco Co., Inc. 0.2%

Value $7.479M (-39.6%) Shares 156,108 (-33.1%) Est. Cost $28.31 Unrealized +93.3%

AIR AAR Corp. 0.8%

Value $26.83M (+18.8%) Shares 245,125 (-10.1%) Est. Cost $68.21 Unrealized +55.6%

NYT New York Times Co. Cl A 0.5%

Value $17.72M (-15.7%) Shares 211,650 (-30.1%) Est. Cost $57.55 Unrealized +25.6%

POWL Powell Industries Inc. 0.5%

Value $18.48M (+19.0%) Shares 34,157 (-29.9%) Est. Cost $163.20 Unrealized +188.7%

IMAX Imax Corp. 0.6%

Value $21.94M (-9.0%) Shares 577,139 (-11.5%) Est. Cost $19.86 Unrealized +80.9%

MRCY Mercury Systems, Inc. 0.8%

Value $28.51M (-5.7%) Shares 391,023 (-5.6%) Est. Cost $44.95 Unrealized +101.5%

FUTU Futu Holdings Ltd. 0.0%

Value $615K (-65.9%) Shares 4,500 (-59.1%) Est. Cost $98.53 Unrealized —

MU Micron Technology 0.0%

Value $236K (-81.6%) Shares 700 (-84.4%) Est. Cost $229.35 Unrealized +68.8%

CECO CECO Environmental Corp. 0.2%

Value $8.045M (-7.6%) Shares 135,032 (-7.2%) Est. Cost $46.43 Unrealized +48.2%

LINC Lincoln EDL Svcs 0.2%

Value $7.666M (+2.7%) Shares 188,447 (-39.0%) Est. Cost $18.27 Unrealized +50.1%

CAT Caterpillar, Inc. 0.0%

Value $289K (+12.7%) Shares 408 (-8.9%) Est. Cost $431.78 Unrealized +58.5%

WMT Wal Mart Stores Inc. 0.0%

Value $266K (+9.0%) Shares 2,137 (-2.3%) Est. Cost $61.97 Unrealized +96.9%

BK Bank of New York Mellon Corp. 0.0%

Value $298K (+0.5%) Shares 2,510 (-1.7%) Est. Cost $63.85 Unrealized +88.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LITE	Lumentum Hldgs, Inc.	266,222 (-5.2%)	$187M (+80.7%)	5.5%	$80.70	+478.8%	COM	55024U109
AMBA	Ambarella, Inc.	295,185 (-52.2%)	$15.19M (-65.3%)	0.4%	$64.65	+4.0%	COM	G037AX101
FRSH	Freshworks, Inc.	57,750 (-97.2%)	$464K (-98.2%)	0.0%	$15.36	-35.6%	COM	358054104
EHC	Encompass Health Corporation	289,485 (-19.4%)	$28M (-26.5%)	0.8%	$76.28	+34.9%	COM	29261A100
—	IBEX Ltd.	10,200 (-95.8%)	$274K (-97.0%)	0.0%	$26.40	—	COM	g4690m101
WEAV	Weave Communications, Inc.	72,830 (-92.7%)	$336K (-95.6%)	0.0%	$9.17	-30.4%	COM	94724R108
COCO	The Vita Coco Co., Inc.	156,108 (-33.1%)	$7.479M (-39.6%)	0.2%	$28.31	+93.3%	COM	92846Q107
AIR	AAR Corp.	245,125 (-10.1%)	$26.83M (+18.8%)	0.8%	$68.21	+55.6%	COM	000361105
NYT	New York Times Co. Cl A	211,650 (-30.1%)	$17.72M (-15.7%)	0.5%	$57.55	+25.6%	COM	650111107
POWL	Powell Industries Inc.	34,157 (-29.9%)	$18.48M (+19.0%)	0.5%	$163.20	+188.7%	COM	739128106
IMAX	Imax Corp.	577,139 (-11.5%)	$21.94M (-9.0%)	0.6%	$19.86	+80.9%	COM	45245E109
MRCY	Mercury Systems, Inc.	391,023 (-5.6%)	$28.51M (-5.7%)	0.8%	$44.95	+101.5%	COM	589378108
FUTU	Futu Holdings Ltd.	4,500 (-59.1%)	$615K (-65.9%)	0.0%	$98.53	—	COM	36118L106
MU	Micron Technology	700 (-84.4%)	$236K (-81.6%)	0.0%	$229.35	+68.8%	COM	595112103
CECO	CECO Environmental Corp.	135,032 (-7.2%)	$8.045M (-7.6%)	0.2%	$46.43	+48.2%	COM	125141101
LINC	Lincoln EDL Svcs	188,447 (-39.0%)	$7.666M (+2.7%)	0.2%	$18.27	+50.1%	COM	533535100
CAT	Caterpillar, Inc.	408 (-8.9%)	$289K (+12.7%)	0.0%	$431.78	+58.5%	COM	149123101
WMT	Wal Mart Stores Inc.	2,137 (-2.3%)	$266K (+9.0%)	0.0%	$61.97	+96.9%	COM	931142103
BK	Bank of New York Mellon Corp.	2,510 (-1.7%)	$298K (+0.5%)	0.0%	$63.85	+88.2%	COM	064058100

Unchanged Positions (14)

MSFT Microsoft Corp. 0.0%

Value $987K Shares 2,665 Est. Cost $45.95 Unrealized +845.8%

HTHT H World Group Ltd. 0.0%

Value $1.207M Shares 24,000 Est. Cost $47.05 Unrealized —

— Alphabet, Inc. Cl A 0.0%

Value $546K Shares 1,900 Est. Cost $154.64 Unrealized —

MA Mastercard, Inc. 0.0%

Value $331K Shares 662 Est. Cost $76.44 Unrealized +605.2%

— Alphabet, Inc. Cl C 0.0%

Value $465K Shares 1,620 Est. Cost $156.23 Unrealized —

AMGN Amgen, Inc. 0.0%

Value $364K Shares 1,036 Est. Cost $75.38 Unrealized +363.9%

NEM Newmont Mining 0.0%

Value $311K Shares 2,875 Est. Cost $52.90 Unrealized +123.3%

RMD Resmed Inc. 0.0%

Value $325K Shares 1,450 Est. Cost $104.52 Unrealized +144.8%

GLD SPDR Gold Shares ETF 0.0%

Value $290K Shares 675 Est. Cost $396.31 Unrealized —

— Wells Fargo Co New Perp Pfd 0.0%

Value $260K Shares 225 Est. Cost $1212.00 Unrealized —

MCD McDonald's Corporation 0.0%

Value $266K Shares 855 Est. Cost $245.25 Unrealized +29.4%

TRV The Travelers Co., Inc. 0.0%

Value $461K Shares 1,582 Est. Cost $66.10 Unrealized +336.5%

AFL Aflac Inc. 0.0%

Value $219K Shares 2,000 Est. Cost $98.75 Unrealized +12.6%

— Xenacare Hldgs, Inc. 0.0%

Value $0 Shares 140,000 Est. Cost $0.01 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corp.	2,665	$987K	0.0%	$45.95	+845.8%	COM	594918104
HTHT	H World Group Ltd.	24,000	$1.207M	0.0%	$47.05	—	COM	44332N106
—	Alphabet, Inc. Cl A	1,900	$546K	0.0%	$154.64	—	COM	02079k305
MA	Mastercard, Inc.	662	$331K	0.0%	$76.44	+605.2%	COM	57636Q104
—	Alphabet, Inc. Cl C	1,620	$465K	0.0%	$156.23	—	COM	02079k107
AMGN	Amgen, Inc.	1,036	$364K	0.0%	$75.38	+363.9%	COM	031162100
NEM	Newmont Mining	2,875	$311K	0.0%	$52.90	+123.3%	COM	651639106
RMD	Resmed Inc.	1,450	$325K	0.0%	$104.52	+144.8%	COM	761152107
GLD	SPDR Gold Shares ETF	675	$290K	0.0%	$396.31	—	ETF	78463V107
—	Wells Fargo Co New Perp Pfd	225	$260K	0.0%	$1212.00	—	PFD	949746804
MCD	McDonald's Corporation	855	$266K	0.0%	$245.25	+29.4%	COM	580135101
TRV	The Travelers Co., Inc.	1,582	$461K	0.0%	$66.10	+336.5%	COM	89417E109
AFL	Aflac Inc.	2,000	$219K	0.0%	$98.75	+12.6%	COM	001055102
—	Xenacare Hldgs, Inc.	140,000	$0	0.0%	$0.01	—	COM	98401A106