Location: Bala Cynwyd, PA
CIK: 0001541536 · Show all filings
Period: Q3 2025 (← Previous) (Next →)
Filing Date: Nov 12, 2025
Total Value: $157M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| GLDD | GREAT LAKES DREDGE & DOCK CO | 1,389,807 | $16.66M | 10.6% | $11.99 * | $6.72 | +72.6% | COM | 390607109 |
| TG | TREDEGAR CORP | 1,657,107 | $13.31M | 8.5% | $8.03 * | $6.94 | +18.7% | COM | 894650100 |
| EML | EASTERN CO | 530,053 | $12.44M | 7.9% | $23.46 | $15.21 | +53.6% | COM | 276317104 |
| INFU | INFUSYSTEM HLDGS INC | 1,025,789 | $10.63M | 6.7% | $10.36 * | $2.55 | +225.2% | COM | 45685K102 |
| VIRC | VIRCO MFG CO | 1,362,502 | $10.56M | 6.7% | $7.75 * | $4.22 | +92.9% | COM | 927651109 |
| ATRO | ASTRONICS CORP | 195,041 | $8.896M | 5.6% | $45.61 * | $10.90 | +234.9% | COM | 046433108 |
| ESCA | ESCALADE INC | 550,192 | $6.916M | 4.4% | $12.57 | $6.88 | +82.4% | COM | 296056104 |
| DLHC | DLH HLDGS CORP | 1,116,802 | $6.31M | 4.0% | $5.65 | $8.82 | -36.0% | COM | 23335Q100 |
| UTMD | UTAH MED PRODS INC | 93,058 | $5.86M | 3.7% | $62.97 * | $65.02 | -9.0% | COM | 917488108 |
| UFI | UNIFI INC | 1,152,481 | $5.486M | 3.5% | $4.76 * | $6.11 | -24.5% | COM NEW | 904677200 |
| NVGS | NAVIGATOR HLDGS LTD | 301,212 | $4.666M | 3.0% | $15.49 * | $29.97 | -47.0% | SHS | Y62132108 |
| PBHC | PATHFINDER BANCORP INC MD | 262,204 | $4.11M | 2.6% | $15.67 * | $9.77 | +51.0% | COM | 70319R109 |
| CAC | CAMDEN NATL CORP | 89,568 | $3.456M | 2.2% | $38.59 | $19.20 | +104.9% | COM | 133034108 |
| KEQU | KEWAUNEE SCIENTIFIC CORP | 80,274 | $3.424M | 2.2% | $42.65 * | $16.35 | +228.9% | COM | 492854104 |
| SSP | SCRIPPS E W CO OHIO | 1,385,920 | $3.409M | 2.2% | $2.46 * | $6.00 | -61.4% | CL A NEW | 811054402 |
| SIF | SIFCO INDS INC | 466,901 | $3.287M | 2.1% | $7.04 * | $4.79 | +24.9% | COM | 826546103 |
| SGA | SAGA COMMUNICATIONS INC | 226,688 | $2.82M | 1.8% | $12.44 * | $29.76 | -57.1% | CL A NEW | 786598300 |
| CRD/B | CRAWFORD & CO | 288,334 | $2.82M | 1.8% | $9.78 * | $7.19 | +39.8% | CL B | 224633107 |
| RAIL | FREIGHTCAR AMER INC | 258,546 | $2.529M | 1.6% | $9.78 * | $5.20 | +83.7% | COM | 357023100 |
| THRY | THRYV HLDGS INC | 202,329 | $2.44M | 1.5% | $12.06 * | $19.78 | -36.0% | COM NEW | 886029206 |
| FSTR | FOSTER L B CO | 83,965 | $2.263M | 1.4% | $26.95 * | $32.36 | -23.5% | COM | 350060109 |
| CTGO | CONTANGO ORE INC | 76,147 | $1.898M | 1.2% | $24.93 * | $22.68 | -6.3% | COM | 21077F100 |
| NODK | NI HLDGS INC | 129,900 | $1.761M | 1.1% | $13.56 * | $15.17 | -13.5% | COM | 65342T106 |
| MPB | MID PENN BANCORP INC | 54,177 | $1.552M | 1.0% | $28.64 | $25.23 | +13.2% | COM | 59540G107 |
| UIS | UNISYS CORP | 345,347 | $1.347M | 0.9% | $3.90 * | $4.25 | -4.5% | COM NEW | 909214306 |
| DORM | DORMAN PRODS INC | 8,590 | $1.339M | 0.9% | $155.88 * | $41.59 | +244.9% | COM | 258278100 |
| — | HARBORONE BANCORP INC NEW | 88,414 | $1.202M | 0.8% | $13.60 | $10.72 | — | COM NEW | 41165Y100 |
| CFG | CITIZENS FINL GROUP INC | 21,485 | $1.142M | 0.7% | $53.16 * | $33.57 | +46.5% | COM | 174610105 |
| FNB | F N B CORP | 64,075 | $1.032M | 0.7% | $16.11 * | $7.96 | +97.4% | COM | 302520101 |
| DGICA | DONEGAL GROUP INC | 46,490 | $901K | 0.6% | $19.39 * | $11.33 | +57.7% | CL A | 257701201 |
| CZNC | CITIZENS & NORTHN CORP | 42,900 | $850K | 0.5% | $19.81 * | $10.60 | +79.7% | COM | 172922106 |
| USLM | UNITED STS LIME & MINERALS I | 6,250 | $822K | 0.5% | $131.55 * | $66.43 | +73.8% | COM | 911922102 |
| CPBI | CENTRAL PLAINS BANCSHARES IN | 49,117 | $801K | 0.5% | $16.30 * | $9.91 | +56.0% | COM | 15486W100 |
| ECBK | ECB BANCORP INC | 49,940 | $793K | 0.5% | $15.87 * | $12.38 | +31.3% | COM | 26828M106 |
| FRBA | FIRST BK WILLIAMSTOWN NEW JE | 41,143 | $670K | 0.4% | $16.29 * | $11.05 | +43.4% | COM | 31931U102 |
| MBBC | MARATHON BANCORP INC | 58,976 | $615K | 0.4% | $10.43 * | $9.99 | +2.0% | COM NEW | 565759206 |
| LSBK | LAKE SHORE BANCORP INC | 44,259 | $575K | 0.4% | $13.00 * | $12.57 | 0.0% | COM | 510704109 |
| HBNC | HORIZON BANCORP INC | 35,052 | $561K | 0.4% | $16.01 | $15.01 | +6.7% | COM | 440407104 |
| SSB | SOUTHSTATE BK CORP | 5,661 | $560K | 0.4% | $98.86 * | $96.71 | 0.0% | COM | 84472E102 |
| KELYA | KELLY SVCS INC | 40,000 | $525K | 0.3% | $13.12 | $11.58 | +13.8% | CL A | 488152208 |
| FSFG | FIRST SVGS FINL GROUP INC | 16,221 | $510K | 0.3% | $31.43 * | $21.97 | +21.1% | COM | 33621E109 |
| CLBK | COLUMBIA FINL INC | 33,794 | $507K | 0.3% | $15.01 | $15.64 | -4.8% | COM | 197641103 |
| CZFS | CITIZENS FINL SVCS INC | 7,881 | $475K | 0.3% | $60.28 * | $74.84 | -21.2% | COM | 174615104 |
| NWBI | NORTHWEST BANCSHARES INC MD | 38,000 | $471K | 0.3% | $12.39 * | $6.49 | +86.4% | COM | 667340103 |
| FCF | FIRST COMWLTH FINL CORP PA | 25,560 | $436K | 0.3% | $17.05 | $12.97 | +29.1% | COM | 319829107 |
| RMBI | RICHMOND MUT BANCORPORATION | 30,000 | $426K | 0.3% | $14.21 | $13.36 | +6.7% | COM | 76525P100 |
| PRA | PROASSURANCE CORP | 17,234 | $413K | 0.3% | $23.99 | $49.77 | -52.2% | COM | 74267C106 |
| PBBK | PB BANKSHARES INC | 20,560 | $394K | 0.3% | $19.18 | $12.12 | +55.7% | COM | 69318V103 |
| ACNT | ASCENT INDUSTRIES CO | 30,415 | $392K | 0.2% | $12.88 * | $8.12 | +55.3% | COM | 871565107 |
| CBU | COMMUNITY FINANCIAL SYSTEM I | 6,618 | $388K | 0.2% | $58.64 * | $21.43 | +166.3% | COM | 203607106 |
| FRME | FIRST MERCHANTS CORP | 9,875 | $372K | 0.2% | $37.70 * | $15.38 | +155.3% | COM | 320817109 |
| EBMT | EAGLE BANCORP MONT INC | 21,098 | $364K | 0.2% | $17.27 * | $7.64 | +118.4% | COM | 26942G100 |
| NWFL | NORWOOD FINANCIAL CORP | 13,681 | $348K | 0.2% | $25.42 | $22.47 | +13.6% | COM | 669549107 |
| DGICB | DONEGAL GROUP INC | 17,856 | $286K | 0.2% | $16.01 * | $12.92 | +19.1% | CL B | 257701300 |
| DLX | DELUXE CORP | 13,900 | $269K | 0.2% | $19.36 * | $23.94 | -26.4% | COM | 248019101 |
| ASRV | AMERISERV FINL INC | 58,200 | $169K | 0.1% | $2.90 | $2.21 | +31.8% | COM | 03074A102 |