Location: Lake Oswego, OR
CIK: 0001591546 · Show all filings
Period: Q3 2025 (← Previous) (Next →)
Filing Date: Nov 12, 2025
Total Value: $455M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| NBN | Northeast Bank | 120,991 | $12.12M | 2.7% | $24.22 | +321.7% | COM | 66405S100 |
| HRTG | Heritage Insurance Hlds Inc | 458,929 | $11.56M | 2.5% | $12.91 | +75.9% | COM | 42727J102 |
| MPAA | MotorCar Parts of America Inc | 669,281 | $11.07M | 2.4% | $9.88 | +37.6% | COM | 620071100 |
| NWPX | NWPX Infrastructure | 208,770 | $11.05M | 2.4% | $23.39 | +104.3% | COM | 667746101 |
| NGS | Natural Gas Services Group Inc | 391,287 | $10.95M | 2.4% | $13.20 | +92.6% | COM | 63886Q109 |
| BWMN | Bowman Consulting Grp | 252,050 | $10.68M | 2.3% | $15.61 | +140.0% | COM | 103002101 |
| BBW | Build A Bear Workshop | 157,617 | $10.28M | 2.3% | $10.40 | +463.1% | COM | 120076104 |
| ALCO | Alico Inc | 292,923 | $10.15M | 2.2% | $27.75 | +19.3% | COM | 016230104 |
| MCB | Metropolitan Bank Hld | 133,859 | $10.02M | 2.2% | $41.88 | +78.5% | COM | 591774104 |
| KE | Kimball Electronics | 331,002 | $9.884M | 2.2% | $21.94 | +12.4% | COM | 49428J109 |
| RRGB | Red Robin Gourmet Burgers | 1,275,939 | $8.753M | 1.9% | $7.35 | -13.1% | COM | 75689M101 |
| DHX | DHI Group | 3,109,135 | $8.643M | 1.9% | $2.36 | +17.2% | COM | 23331S100 |
| FSBW | FS Bancorp | 213,641 | $8.529M | 1.9% | $24.68 | +63.3% | COM | 30263Y104 |
| AXTI | AXT Inc | 1,793,797 | $8.054M | 1.8% | $4.25 | -32.7% | COM | 00246W103 |
| RMNI | Rimini Street Inc. | 1,697,839 | $7.946M | 1.7% | $4.31 | +3.1% | COM | 76674Q107 |
| BWFG | Bankwell Financial Group | 172,537 | $7.635M | 1.7% | $25.45 | +59.6% | COM | 06654A103 |
| TWIN | Twin Disc Inc | 544,840 | $7.595M | 1.7% | $11.98 | -10.4% | COM | 901476101 |
| UNTY | Unity Bancorp | 154,119 | $7.532M | 1.7% | $21.37 | +136.8% | COM | 913290102 |
| FBIZ | First Business Financial Servi | 144,623 | $7.413M | 1.6% | $22.01 | +129.1% | COM | 319390100 |
| VBNK | Versabank | 602,453 | $7.356M | 1.6% | $12.69 | — | COM | 92512J106 |
| LINC | Lincoln Education Services | 312,569 | $7.345M | 1.6% | $10.23 | +109.4% | COM | 533535100 |
| AVNW | Aviat Networks Inc | 311,254 | $7.137M | 1.6% | $20.91 | +9.9% | COM | 05366Y201 |
| HBNC | Horizon Bancorp | 440,502 | $7.052M | 1.5% | $13.63 | +17.5% | COM | 440407104 |
| LAKE | Lakeland Industries | 475,793 | $7.042M | 1.5% | $17.27 | -15.7% | COM | 511795106 |
| APEI | American Public Education | 172,225 | $6.798M | 1.5% | $21.07 | +50.6% | COM | 02913V103 |
| CBAN | Colony Bankcorp | 391,382 | $6.657M | 1.5% | $12.57 | +33.7% | COM | 19623P101 |
| FSBC | Five Star Bancorp | 201,592 | $6.491M | 1.4% | $22.37 | +38.4% | COM | 33830T103 |
| PKBK | Parke Bancorp | 301,126 | $6.489M | 1.4% | $14.73 | +45.1% | COM | 700885106 |
| JAKK | JAKKS Pacific Inc | 341,133 | $6.389M | 1.4% | $21.03 | -14.7% | COM | 47012E403 |
| CBNK | Capital Bancorp | 200,189 | $6.386M | 1.4% | $14.34 | +131.2% | COM | 139737100 |
| USCB | USCB Financial Hlds | 351,307 | $6.13M | 1.3% | $12.88 | +33.3% | COM | 90355N101 |
| ASYS | Amtech Systems | 646,489 | $5.986M | 1.3% | $7.34 | -16.8% | COM | 032332504 |
| PMTS | CPI Card Group | 391,325 | $5.925M | 1.3% | $22.60 | -21.4% | COM | 12634H200 |
| ASUR | Asure Software | 714,684 | $5.86M | 1.3% | $8.95 | -0.1% | COM | 04649U102 |
| CPS | Cooper Standard Hlds | 156,343 | $5.774M | 1.3% | $21.42 | +42.3% | COM | 21676P103 |
| BOOM | DMC Global Inc | 670,390 | $5.665M | 1.2% | $18.79 | -60.1% | COM | 23291C103 |
| AII | American Integrity Insurance | 250,253 | $5.583M | 1.2% | $17.32 | +9.5% | COM | 026948109 |
| SNBR | Sleep Number Corp | 774,276 | $5.435M | 1.2% | $12.49 | -29.9% | COM | 83125X103 |
| STRT | Strattec Security | 78,561 | $5.347M | 1.2% | $33.20 | +102.2% | COM | 863111100 |
| ORRF | Orrstown Financial Services | 151,427 | $5.145M | 1.1% | $21.91 | +52.2% | COM | 687380105 |
| MLR | Miller Industries Inc | 121,261 | $4.901M | 1.1% | $33.44 | +24.8% | COM | 600551204 |
| RCMT | RCM Technologies | 183,471 | $4.871M | 1.1% | $21.22 | +20.9% | COM | 749360400 |
| HBB | Hamilton Beach Brands Hld | 327,373 | $4.704M | 1.0% | $16.13 | -4.5% | COM | 40701T104 |
| FORR | Forrester Research | 432,322 | $4.583M | 1.0% | $13.40 | -24.4% | COM | 346563109 |
| HBCP | Home Bancorp, Inc | 83,622 | $4.543M | 1.0% | $43.30 | +24.9% | COM | 43689E107 |
| XRN | Global Medical REIT | 133,547 | $4.502M | 1.0% | $33.71 | — | COM | 37954A303 |
| INTT | InTest Corp | 538,822 | $4.208M | 0.9% | $9.58 | -23.4% | COM | 461147100 |
| SUNS | Sunrise Realty Trust | 372,774 | $3.873M | 0.9% | $10.77 | — | COM | 867981102 |
| PINE | Alpine Income Property Trust | 273,296 | $3.873M | 0.9% | $17.43 | — | COM | 02083X103 |
| RVSB | Riverview Bancorp | 699,506 | $3.756M | 0.8% | $5.61 | -8.0% | COM | 769397100 |
| SAMG | Silvercrest Asset Mgmnt Cls A | 212,121 | $3.341M | 0.7% | $13.14 | +24.1% | COM | 828359109 |
| RPAY | Repay Holdings Cls A | 617,474 | $3.229M | 0.7% | $5.35 | 0.0% | COM | 76029L100 |
| HURC | Hurco Companies Inc | 175,564 | $3.055M | 0.7% | $26.75 | -30.9% | COM | 447324104 |
| CMT | Core Molding Technologies | 148,163 | $3.045M | 0.7% | $15.98 | +16.2% | COM | 218683100 |
| MG | Mistras Group Inc | 290,650 | $2.86M | 0.6% | $10.27 | -13.4% | COM | 60649T107 |
| ESQ | Esquire Financial Hld | 27,687 | $2.826M | 0.6% | $18.00 | +445.5% | COM | 29667J101 |
| BGSF | BGSF Inc | 394,365 | $2.8M | 0.6% | $6.65 | -29.9% | COM | 05601C105 |
| GNSS | Genasys | 1,136,349 | $2.784M | 0.6% | $2.67 | -26.6% | COM | 36872P103 |
| ACTG | Acacia Research Corp | 839,201 | $2.727M | 0.6% | $5.04 | -31.2% | COM | 003881307 |
| OSS | One Stop Systems | 445,794 | $2.389M | 0.5% | $4.36 | +25.6% | COM | 68247W109 |
| PAMT | PAMT Corp | 179,636 | $2.048M | 0.5% | $18.47 | -31.1% | COM | 693149106 |
| LCUT | Lifetime Brands Inc | 514,453 | $1.991M | 0.4% | $9.26 | -55.4% | COM | 53222Q103 |
| CCB | Coastal Financial | 16,724 | $1.809M | 0.4% | $57.04 | +85.8% | COM | 19046P209 |
| SRTS | Sensus Healthcare | 573,389 | $1.8M | 0.4% | $4.75 | -17.5% | COM | 81728J109 |
| UEIC | Universal Electronics Inc | 360,616 | $1.68M | 0.4% | $20.53 | -73.2% | COM | 913483103 |
| CUBI | Customers Bancorp | 25,670 | $1.678M | 0.4% | $29.48 | +123.1% | COM | 23204G100 |
| PRDO | Perdoceo Education Corp. | 43,959 | $1.655M | 0.4% | $13.26 | +139.6% | COM | 71363P106 |
| PLAB | Photronics Inc | 71,413 | $1.639M | 0.4% | $16.00 | +33.7% | COM | 719405102 |
| HCSG | Healthcare Services Group Inc | 94,453 | $1.59M | 0.3% | $21.31 | -30.2% | COM | 421906108 |
| DXLG | Destination XL Group | 1,173,808 | $1.538M | 0.3% | $5.23 | -74.9% | COM | 25065K104 |
| BBSI | Barrett Business Services Inc | 33,180 | $1.471M | 0.3% | $26.47 | +72.4% | COM | 068463108 |
| STGW | Stagwell Inc | 250,894 | $1.413M | 0.3% | $6.69 | -20.7% | COM | 85256A109 |
| BANC | Banc of California Inc | 84,652 | $1.401M | 0.3% | $13.56 | +14.4% | COM | 05990K106 |
| — | Heidrick & Struggles Intl | 27,536 | $1.37M | 0.3% | $29.90 | — | COM | 422819102 |
| DXPE | DXP Enterprises, Inc | 11,207 | $1.334M | 0.3% | $28.54 | +291.7% | COM | 233377407 |
| GPGI | Composecure | 63,246 | $1.317M | 0.3% | $5.98 | +189.3% | COM | 20459V105 |
| — | Penguin Solutions | 47,589 | $1.251M | 0.3% | $19.07 | — | COM | G8232Y101 |
| CMTL | Comtech Telecom Corp | 475,980 | $1.228M | 0.3% | $12.52 | -81.8% | COM | 205826209 |
| BWB | Bridgewater Bancshares | 68,883 | $1.212M | 0.3% | $11.58 | +41.1% | COM | 108621103 |
| CASH | Pathward Financial Inc | 16,190 | $1.198M | 0.3% | $25.99 | +199.4% | COM | 59100U108 |
| SHIM | Shimmick | 451,705 | $1.179M | 0.3% | $5.43 | — | COM | 82455M109 |
| CNOB | ConnectOne Bancorp | 47,195 | $1.171M | 0.3% | $16.96 | +42.8% | COM | 20786W107 |
| KELYA | Kelly Services Cls A | 86,693 | $1.137M | 0.2% | $15.54 | -15.2% | COM | 488152208 |
| HELE | Helen of Troy Corp | 43,987 | $1.108M | 0.2% | $36.03 | -32.8% | COM | G4388N106 |
| BFST | Business First Bancshares Inc | 45,264 | $1.069M | 0.2% | $16.80 | +45.2% | COM | 12326C105 |
| KOP | Koppers Holdings | 37,808 | $1.059M | 0.2% | $30.46 | +0.6% | COM | 50060P106 |
| CRI | Carters | 36,672 | $1.035M | 0.2% | $33.89 | -16.5% | COM | 146229109 |
| HDSN | Hudson Technologies | 103,580 | $1.029M | 0.2% | $10.90 | -13.9% | COM | 444144109 |
| HFWA | Heritage Financial | 41,965 | $1.015M | 0.2% | $17.57 | +37.9% | COM | 42722X106 |
| THFF | First Financial Corp | 17,970 | $1.014M | 0.2% | $31.52 | +76.4% | COM | 320218100 |
| QCRH | QCR Holdings Inc | 13,286 | $1.005M | 0.2% | $50.84 | +47.9% | COM | 74727A104 |
| TLYS | Tilly's Inc Cls A | 487,460 | $1.004M | 0.2% | $7.88 | -78.0% | COM | 886885102 |
| BCAL | California Bancorp | 60,071 | $1.002M | 0.2% | $14.48 | +12.8% | COM | 84252A106 |
| AEBI | Aebi Schmidt Holding AG | 77,108 | $962K | 0.2% | $11.40 | 0.0% | COM | H00501108 |
| PLOW | Douglas Dynamics Inc | 30,367 | $949K | 0.2% | $24.27 | +29.0% | COM | 25960R105 |
| UCTT | Ultra Clean Holdings | 34,540 | $941K | 0.2% | $25.01 | -1.7% | COM | 90385V107 |
| DAKT | Daktronics, Inc | 44,692 | $935K | 0.2% | $7.96 | +125.6% | COM | 234264109 |
| RBBN | Ribbon Communications Inc | 235,329 | $894K | 0.2% | $5.17 | -24.0% | COM | 762544104 |
| COHU | Cohu Inc | 43,941 | $893K | 0.2% | $22.34 | -9.7% | COM | 192576106 |
| NNBR | NN Inc | 426,749 | $879K | 0.2% | $10.22 | -78.0% | COM | 629337106 |
| WNC | Wabash National Corp. | 88,181 | $870K | 0.2% | $13.20 | -20.5% | COM | 929566107 |
| WTBA | West Bancorporation | 42,751 | $869K | 0.2% | $21.66 | -9.1% | COM | 95123P106 |
| ACCO | ACCO Brands | 212,523 | $848K | 0.2% | $5.75 | -34.6% | COM | 00081T108 |
| GBFH | Gbank Financial Holdings | 20,013 | $786K | 0.2% | $38.22 | +3.2% | COM | 36166F100 |
| HCKT | Hackett Group, Inc | 39,299 | $747K | 0.2% | $22.50 | -2.9% | COM | 404609109 |
| BDN | Brandywine Realty Trust | 175,307 | $731K | 0.2% | $4.92 | — | COM | 105368203 |
| CAL | Caleres Inc | 55,931 | $729K | 0.2% | $19.73 | -27.3% | COM | 129500104 |
| EBF | Ennis Inc | 39,064 | $714K | 0.2% | $11.45 | +54.3% | COM | 293389102 |
| BHE | Benchmark Electronics, Inc | 18,416 | $710K | 0.2% | $22.47 | +74.5% | COM | 08160H101 |
| PLUS | EPlus Inc | 9,925 | $705K | 0.2% | $45.42 | +55.3% | COM | 294268107 |
| GCT | GigaCloud Tech Cls A | 24,274 | $689K | 0.2% | $22.55 | +15.6% | COM | G38644103 |
| — | Abacus Global Management Inc | 120,063 | $688K | 0.2% | $6.08 | — | COM | 00258y104 |
| DBI | Designer Brands | 174,969 | $619K | 0.1% | $7.89 | -57.3% | COM | 250565108 |
| GNL | Global Net Lease REIT | 74,666 | $607K | 0.1% | $9.61 | — | COM | 379378201 |
| CNXN | PC Connection | 9,384 | $582K | 0.1% | $23.37 | +171.1% | COM | 69318J100 |
| SMP | Standard Motor | 14,134 | $577K | 0.1% | $39.92 | -8.2% | COM | 853666105 |
| EPC | Edgewell Personal Care | 27,426 | $558K | 0.1% | $33.51 | -30.9% | COM | 28035Q102 |
| NPKI | NPK International | 48,657 | $550K | 0.1% | $9.26 | +5.2% | COM | 651718504 |
| NCMI | National Cinemedia | 119,186 | $538K | 0.1% | $5.16 | -9.6% | COM | 635309206 |
| CLB | Core Laboratories | 42,443 | $525K | 0.1% | $11.71 | 0.0% | COM | 21867A105 |
| MBIN | Merchants Bancorp | 15,224 | $484K | 0.1% | $32.65 | 0.0% | COM | 58844R108 |
| ICHR | Ichor Holdings | 27,234 | $477K | 0.1% | $27.89 | -31.9% | COM | G4740B105 |
| MTRX | Matrix Service Co | 35,635 | $466K | 0.1% | $16.78 | -15.3% | COM | 576853105 |
| BLMN | Bloomin Brands | 63,830 | $458K | 0.1% | $14.73 | -46.1% | COM | 094235108 |
| TBI | TrueBlue Inc | 71,186 | $436K | 0.1% | $13.60 | -53.5% | COM | 89785X101 |
| ZUMZ | Zumiez Inc | 21,217 | $416K | 0.1% | $25.40 | -35.0% | COM | 989817101 |
| PRAA | PRA Group | 26,579 | $410K | 0.1% | $33.71 | -52.0% | COM | 69354N106 |
| SMSI | Smith Micro Software | 542,467 | $392K | 0.1% | $2.67 | -71.0% | COM | 832154405 |
| ULH | Universal Logistics | 15,480 | $363K | 0.1% | $24.84 | +1.5% | COM | 91388P105 |
| HTLD | Heartland Express | 39,113 | $328K | 0.1% | $8.46 | 0.0% | COM | 422347104 |
| HY | Hyster-Yale Cls A | 8,854 | $326K | 0.1% | $38.28 | 0.0% | COM | 449172105 |
| EPAC | Enerpac Tool Group | 7,922 | $325K | 0.1% | $24.21 | +66.5% | COM | 292765104 |
| CRD/A | Crawford & Co Cls A | 30,276 | $324K | 0.1% | $10.42 | 0.0% | COM | 224633206 |
| CMCO | Columbus McKinnon Corp | 19,190 | $275K | 0.1% | $25.85 | -42.4% | COM | 199333105 |
| RGP | Resources Connection | 49,970 | $252K | 0.1% | $15.96 | -67.8% | COM | 76122Q105 |