Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SLP	SIMULATIONS PLUS INC	218,142	$2.578M	0.4%	—	—	COM	829214105
PLTK	PLAYTIKA HLDG CORP	915,621	$2.545M	0.4%	—	—	COM	72815L107
QTRX	QUANTERIX CORP	563,135	$1.982M	0.3%	—	—	COM	74766Q101
TTD	THE TRADE DESK INC	59,572	$1.352M	0.2%	—	—	COM CL A	88339J105
TENB	TENABLE HLDGS INC	69,904	$1.182M	0.2%	—	—	COM	88025T102
NPCE	NEUROPACE INC	80,945	$1.064M	0.2%	—	—	COM	641288105
JRVR	JAMES RIV GROUP HOLDINGS INC	164,194	$1.034M	0.2%	—	—	COM SHS	46990A102
MRDN	MERIDIAN HOLDINGS INC	140,266	$1.013M	0.2%	—	—	COM	381098409

Increased Positions (5)

WK WORKIVA INC 10.3%

Value $62.62M (+151.9%) Shares 1,050,090 (+264.3%) Est. Cost — Unrealized —

PRAA PRA GROUP INC 11.1%

Value $67.29M (+30.3%) Shares 3,845,334 (+31.8%) Est. Cost — Unrealized —

ZVIA ZEVIA PBC 1.3%

Value $7.896M (-33.6%) Shares 6,748,664 (+31.8%) Est. Cost — Unrealized —

NABL N-ABLE INC 1.5%

Value $9.116M (-12.1%) Shares 1,951,986 (+40.7%) Est. Cost — Unrealized —

TRC TEJON RANCH CO 0.3%

Value $1.777M (+40.4%) Shares 94,338 (+17.5%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WK	WORKIVA INC	1,050,090 (+264.3%)	$62.62M (+151.9%)	10.3%	—	—	COM CL A	98139A105
PRAA	PRA GROUP INC	3,845,334 (+31.8%)	$67.29M (+30.3%)	11.1%	—	—	COM	69354N106
ZVIA	ZEVIA PBC	6,748,664 (+31.8%)	$7.896M (-33.6%)	1.3%	—	—	CL A	98955K104
NABL	N-ABLE INC	1,951,986 (+40.7%)	$9.116M (-12.1%)	1.5%	—	—	COMMON STOCK	62878D100
TRC	TEJON RANCH CO	94,338 (+17.5%)	$1.777M (+40.4%)	0.3%	—	—	COM	879080109

Exited Positions (14)

GDOT GREEN DOT CORP 7.0%

Value $42.47M Shares 3,315,574 Est. Cost — Unrealized —

ILMN ILLUMINA INC 2.4%

Value $14.44M Shares 110,076 Est. Cost — Unrealized —

BL BLACKLINE INC 2.2%

Value $13.11M Shares 237,173 Est. Cost — Unrealized —

OSPN ONESPAN INC 1.4%

Value $8.737M Shares 680,433 Est. Cost — Unrealized —

CTEV CLARITEV CORPORATION 1.4%

Value $8.41M Shares 196,718 Est. Cost — Unrealized —

STAA STAAR SURGICAL CO 1.1%

Value $6.873M Shares 297,672 Est. Cost — Unrealized —

IDN INTELLICHECK INC 0.8%

Value $5.084M Shares 761,026 Est. Cost — Unrealized —

EEFT EURONET WORLDWIDE INC 0.3%

Value $1.714M Shares 22,515 Est. Cost — Unrealized —

GMGI GOLDEN MATRIX GROUP INC 0.2%

Value $1.118M Shares 1,396,108 Est. Cost — Unrealized —

CERS CERUS CORP 0.1%

Value $847K Shares 410,963 Est. Cost — Unrealized —

CRGO FREIGHTOS LTD 0.1%

Value $814K Shares 356,834 Est. Cost — Unrealized —

FORR FORRESTER RESH INC 0.1%

Value $529K Shares 65,168 Est. Cost — Unrealized —

NAII NATURAL ALTERNATIVES INTL IN 0.1%

Value $392K Shares 109,503 Est. Cost — Unrealized —

KRT KARAT PACKAGING INC 0.1%

Value $316K Shares 14,022 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GDOT	GREEN DOT CORP	3,315,574	$42.47M	7.0%	—	—	—	39304D102
ILMN	ILLUMINA INC	110,076	$14.44M	2.4%	—	—	—	452327109
BL	BLACKLINE INC	237,173	$13.11M	2.2%	—	—	—	09239B109
OSPN	ONESPAN INC	680,433	$8.737M	1.4%	—	—	—	68287N100
CTEV	CLARITEV CORPORATION	196,718	$8.41M	1.4%	—	—	—	62548M209
STAA	STAAR SURGICAL CO	297,672	$6.873M	1.1%	—	—	—	852312305
IDN	INTELLICHECK INC	761,026	$5.084M	0.8%	—	—	—	45817G201
EEFT	EURONET WORLDWIDE INC	22,515	$1.714M	0.3%	—	—	—	298736109
GMGI	GOLDEN MATRIX GROUP INC	1,396,108	$1.118M	0.2%	—	—	—	381098300
CERS	CERUS CORP	410,963	$847K	0.1%	—	—	—	157085101
CRGO	FREIGHTOS LTD	356,834	$814K	0.1%	—	—	—	G51405101
FORR	FORRESTER RESH INC	65,168	$529K	0.1%	—	—	—	346563109
NAII	NATURAL ALTERNATIVES INTL IN	109,503	$392K	0.1%	—	—	—	638842302
KRT	KARAT PACKAGING INC	14,022	$316K	0.1%	—	—	—	48563L101

Decreased Positions (27)

NUTX NUTEX HEALTH INC 2.8%

Value $16.9M (-84.8%) Shares 177,800 (-73.7%) Est. Cost — Unrealized —

S SENTINELONE INC 3.8%

Value $22.93M (-79.9%) Shares 1,780,000 (-76.6%) Est. Cost — Unrealized —

DV DOUBLEVERIFY HLDGS INC 7.9%

Value $47.72M (-50.7%) Shares 5,022,892 (-40.6%) Est. Cost — Unrealized —

MNDY MONDAY COM LTD 4.2%

Value $25.15M (-63.6%) Shares 363,974 (-22.2%) Est. Cost — Unrealized —

FRSH FRESHWORKS INC 7.9%

Value $47.52M (-37.7%) Shares 5,917,586 (-4.9%) Est. Cost — Unrealized —

CGNT COGNYTE SOFTWARE LTD 6.6%

Value $39.79M (-41.5%) Shares 4,912,000 (-32.1%) Est. Cost — Unrealized —

UNF UNIFIRST CORP MASS 1.7%

Value $10.14M (-66.7%) Shares 40,318 (-74.5%) Est. Cost — Unrealized —

SPT SPROUT SOCIAL INC 2.6%

Value $15.54M (-52.3%) Shares 2,725,802 (-5.7%) Est. Cost — Unrealized —

LAW CS DISCO INC 1.7%

Value $10.02M (-61.1%) Shares 2,623,114 (-20.9%) Est. Cost — Unrealized —

CERT CERTARA INC 0.7%

Value $4.272M (-75.6%) Shares 749,497 (-62.4%) Est. Cost — Unrealized —

KRMD KORU MEDICAL SYSTEMS INC 2.5%

Value $15.18M (-33.7%) Shares 3,514,911 (-10.8%) Est. Cost — Unrealized —

CTKB CYTEK BIOSCIENCES INC 5.1%

Value $30.87M (-17.9%) Shares 7,064,481 (-5.1%) Est. Cost — Unrealized —

INMD INMODE LTD 0.4%

Value $2.485M (-71.4%) Shares 181,649 (-69.3%) Est. Cost — Unrealized —

SSTI SOUNDTHINKING INC 0.0%

Value $84,220 (-98.1%) Shares 12,722 (-97.7%) Est. Cost — Unrealized —

CRCT CRICUT INC 0.1%

Value $460K (-85.6%) Shares 123,061 (-80.9%) Est. Cost — Unrealized —

DSP VIANT TECHNOLOGY INC 0.4%

Value $2.172M (-51.1%) Shares 193,886 (-47.5%) Est. Cost — Unrealized —

OPXS OPTEX SYS HLDGS INC 1.3%

Value $7.662M (-19.7%) Shares 579,363 (-13.9%) Est. Cost — Unrealized —

MITK MITEK SYS INC 3.6%

Value $21.76M (+8.0%) Shares 1,612,061 (-15.6%) Est. Cost — Unrealized —

ELA ENVELA CORP 2.1%

Value $12.99M (+14.0%) Shares 779,949 (-8.4%) Est. Cost — Unrealized —

NEPH NEPHROS INC 0.3%

Value $1.734M (-42.1%) Shares 581,967 (-5.3%) Est. Cost — Unrealized —

NTWK NETSOL TECHNOLOGIES INC 0.0%

Value $266K (-80.1%) Shares 78,375 (-82.2%) Est. Cost — Unrealized —

PAYS PAYSIGN INC 4.5%

Value $27.37M (-3.4%) Shares 4,639,061 (-15.7%) Est. Cost — Unrealized —

RSSS RESEARCH SOLUTIONS INC 0.2%

Value $1.042M (-36.1%) Shares 461,177 (-16.8%) Est. Cost — Unrealized —

SOTK SONO TEK CORP 0.0%

Value $143K (-79.7%) Shares 35,159 (-79.3%) Est. Cost — Unrealized —

PRPO PRECIPIO INC 0.1%

Value $616K (-45.2%) Shares 24,624 (-49.6%) Est. Cost — Unrealized —

DIBS 1STDIBS COM INC 0.1%

Value $405K (-50.5%) Shares 73,643 (-46.1%) Est. Cost — Unrealized —

HGBL HERITAGE GLOBAL INC 0.4%

Value $2.428M (+5.8%) Shares 1,785,488 (-3.5%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NUTX	NUTEX HEALTH INC	177,800 (-73.7%)	$16.9M (-84.8%)	2.8%	—	—	COM	67079U306
S	SENTINELONE INC	1,780,000 (-76.6%)	$22.93M (-79.9%)	3.8%	—	—	CL A	81730H109
DV	DOUBLEVERIFY HLDGS INC	5,022,892 (-40.6%)	$47.72M (-50.7%)	7.9%	—	—	COM	25862V105
MNDY	MONDAY COM LTD	363,974 (-22.2%)	$25.15M (-63.6%)	4.2%	—	—	SHS	M7S64H106
FRSH	FRESHWORKS INC	5,917,586 (-4.9%)	$47.52M (-37.7%)	7.9%	—	—	CLASS A COM	358054104
CGNT	COGNYTE SOFTWARE LTD	4,912,000 (-32.1%)	$39.79M (-41.5%)	6.6%	—	—	ORD SHS	M25133105
UNF	UNIFIRST CORP MASS	40,318 (-74.5%)	$10.14M (-66.7%)	1.7%	—	—	COM	904708104
SPT	SPROUT SOCIAL INC	2,725,802 (-5.7%)	$15.54M (-52.3%)	2.6%	—	—	COM CL A	85209W109
LAW	CS DISCO INC	2,623,114 (-20.9%)	$10.02M (-61.1%)	1.7%	—	—	COM	126327105
CERT	CERTARA INC	749,497 (-62.4%)	$4.272M (-75.6%)	0.7%	—	—	COM	15687V109
KRMD	KORU MEDICAL SYSTEMS INC	3,514,911 (-10.8%)	$15.18M (-33.7%)	2.5%	—	—	COM	759910102
CTKB	CYTEK BIOSCIENCES INC	7,064,481 (-5.1%)	$30.87M (-17.9%)	5.1%	—	—	COM	23285D109
INMD	INMODE LTD	181,649 (-69.3%)	$2.485M (-71.4%)	0.4%	—	—	SHS	M5425M103
SSTI	SOUNDTHINKING INC	12,722 (-97.7%)	$84,220 (-98.1%)	0.0%	—	—	COM	82536T107
CRCT	CRICUT INC	123,061 (-80.9%)	$460K (-85.6%)	0.1%	—	—	COM CL A	22658D100
DSP	VIANT TECHNOLOGY INC	193,886 (-47.5%)	$2.172M (-51.1%)	0.4%	—	—	COM CL A	92557A101
OPXS	OPTEX SYS HLDGS INC	579,363 (-13.9%)	$7.662M (-19.7%)	1.3%	—	—	COM NEW	68384X209
MITK	MITEK SYS INC	1,612,061 (-15.6%)	$21.76M (+8.0%)	3.6%	—	—	COM NEW	606710200
ELA	ENVELA CORP	779,949 (-8.4%)	$12.99M (+14.0%)	2.1%	—	—	COM	29402E102
NEPH	NEPHROS INC	581,967 (-5.3%)	$1.734M (-42.1%)	0.3%	—	—	COM	640671400
NTWK	NETSOL TECHNOLOGIES INC	78,375 (-82.2%)	$266K (-80.1%)	0.0%	—	—	COM PAR $.001	64115A402
PAYS	PAYSIGN INC	4,639,061 (-15.7%)	$27.37M (-3.4%)	4.5%	—	—	COM	70451A104
RSSS	RESEARCH SOLUTIONS INC	461,177 (-16.8%)	$1.042M (-36.1%)	0.2%	—	—	COM	761025105
SOTK	SONO TEK CORP	35,159 (-79.3%)	$143K (-79.7%)	0.0%	—	—	COM	835483108
PRPO	PRECIPIO INC	24,624 (-49.6%)	$616K (-45.2%)	0.1%	—	—	COM	74019L602
DIBS	1STDIBS COM INC	73,643 (-46.1%)	$405K (-50.5%)	0.1%	—	—	COM	320551104
HGBL	HERITAGE GLOBAL INC	1,785,488 (-3.5%)	$2.428M (+5.8%)	0.4%	—	—	COM	42727E103

Unchanged Positions (3)

NRDS NERDWALLET INC 9.0%

Value $54.51M Shares 5,251,145 Est. Cost — Unrealized —

DCBO DOCEBO INC 2.5%

Value $15.35M Shares 878,904 Est. Cost — Unrealized —

ACCS ACCESS NEWSWIRE INC 1.0%

Value $6.284M Shares 709,264 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NRDS	NERDWALLET INC	5,251,145	$54.51M	9.0%	—	—	COM CL A	64082B102
DCBO	DOCEBO INC	878,904	$15.35M	2.5%	—	—	COM	25609L105
ACCS	ACCESS NEWSWIRE INC	709,264	$6.284M	1.0%	—	—	COM NEW	46520M204