Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SXI	STANDEX INTERNATIONAL CORP	197,012	$50.21M	5.8%	—	—	COM	854231107
EZPW	EZCORP INC	1,616,518	$41.03M	4.8%	—	—	CL A	302301106
TRNS	TRANSCAT INC	545,515	$40.07M	4.7%	—	—	COM	893529107
AORT	ARTIVION INC	950,850	$34.82M	4.1%	—	—	COM	228903100
SYNA	SYNAPTICS INC	315,107	$22.07M	2.6%	—	—	COM	87157D109
WDFC	WD-40 CO	105,755	$21.57M	2.5%	—	—	COM	929236107
TTMI	TTM TECHNOLOGIES	206,439	$20.11M	2.3%	—	—	COM	87305R109
LYTS	LSI INDUSTRIES INC	739,384	$13.75M	1.6%	—	—	COM	50216C108
MAMA	MAMA'S CREATIONS INC	745,137	$11.43M	1.3%	—	—	COM	56146T103
EVLV	EVOLV TECHNOLOGIES HOLDINGS	1,435,399	$8.684M	1.0%	—	—	COM	30049H102
YSS	YORK SPACE SYSTEMS INC	300,664	$6.666M	0.8%	—	—	COM	987084100
DFIN	DONNELLEY FINANCIAL SOLUTION	108,665	$5.122M	0.6%	—	—	COM	25787G100
XMTR	XOMETRY INC	121,234	$4.951M	0.6%	—	—	CL A	98423F109

Increased Positions (6)

IRTC IRHYTHM HOLDINGS INC 4.6%

Value $39.63M (+74.9%) Shares 335,807 (+163.0%) Est. Cost — Unrealized —

PDFS PDF SOLUTIONS INC 4.3%

Value $37.2M (+80.3%) Shares 1,137,349 (+57.3%) Est. Cost — Unrealized —

MRX MAREX GROUP PLC 6.5%

Value $55.57M (+33.3%) Shares 1,246,546 (+14.7%) Est. Cost — Unrealized —

RDVT RED VIOLET INC 2.7%

Value $23.2M (-36.2%) Shares 670,422 (+5.0%) Est. Cost — Unrealized —

PENG PENGUIN SOLUTIONS INC 3.3%

Value $28.39M (+19.8%) Shares 1,613,169 (+33.1%) Est. Cost — Unrealized —

CDNA CAREDX INC 2.0%

Value $17.15M (-1.6%) Shares 988,051 (+6.8%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IRTC	IRHYTHM HOLDINGS INC	335,807 (+163.0%)	$39.63M (+74.9%)	4.6%	—	—	COM	450056106
PDFS	PDF SOLUTIONS INC	1,137,349 (+57.3%)	$37.2M (+80.3%)	4.3%	—	—	COM	693282105
MRX	MAREX GROUP PLC	1,246,546 (+14.7%)	$55.57M (+33.3%)	6.5%	—	—	COM	G5S37H101
RDVT	RED VIOLET INC	670,422 (+5.0%)	$23.2M (-36.2%)	2.7%	—	—	COM	75704L104
PENG	PENGUIN SOLUTIONS INC	1,613,169 (+33.1%)	$28.39M (+19.8%)	3.3%	—	—	COM	706915105
CDNA	CAREDX INC	988,051 (+6.8%)	$17.15M (-1.6%)	2.0%	—	—	COM	14167L103

Exited Positions (11)

HURN HURON CONSULTING GROUP INC 4.9%

Value $42.24M Shares 244,302 Est. Cost — Unrealized —

GENI GENIUS SPORTS LTD 4.8%

Value $41.56M Shares 3,771,695 Est. Cost — Unrealized —

REZI RESIDEO TECHNOLOGIES INC 4.6%

Value $39.3M Shares 1,119,007 Est. Cost — Unrealized —

LRN STRIDE INC 4.1%

Value $34.93M Shares 537,915 Est. Cost — Unrealized —

NCNO NCINO INC 4.0%

Value $33.99M Shares 1,325,484 Est. Cost — Unrealized —

DSGX DESCARTES SYSTEMS GRP/THE 3.4%

Value $29.31M Shares 334,391 Est. Cost — Unrealized —

BGSI THE BOYD GROUP INC 2.9%

Value $25.26M Shares 158,549 Est. Cost — Unrealized —

UNFI UNITED NATURAL FOODS INC 2.1%

Value $17.88M Shares 531,027 Est. Cost — Unrealized —

REAX REAL BROKERAGE INC/THE 1.7%

Value $14.43M Shares 3,952,949 Est. Cost — Unrealized —

TRS TRIMAS CORP 1.3%

Value $11.48M Shares 323,742 Est. Cost — Unrealized —

ADTN ADTRAN HOLDINGS INC 1.1%

Value $9.293M Shares 1,069,420 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HURN	HURON CONSULTING GROUP INC	244,302	$42.24M	4.9%	—	—	—	447462102
GENI	GENIUS SPORTS LTD	3,771,695	$41.56M	4.8%	—	—	—	G3934V109
REZI	RESIDEO TECHNOLOGIES INC	1,119,007	$39.3M	4.6%	—	—	—	76118Y104
LRN	STRIDE INC	537,915	$34.93M	4.1%	—	—	—	86333M108
NCNO	NCINO INC	1,325,484	$33.99M	4.0%	—	—	—	63947X101
DSGX	DESCARTES SYSTEMS GRP/THE	334,391	$29.31M	3.4%	—	—	—	249906108
BGSI	THE BOYD GROUP INC	158,549	$25.26M	2.9%	—	—	—	103310108
UNFI	UNITED NATURAL FOODS INC	531,027	$17.88M	2.1%	—	—	—	911163103
REAX	REAL BROKERAGE INC/THE	3,952,949	$14.43M	1.7%	—	—	—	75585H206
TRS	TRIMAS CORP	323,742	$11.48M	1.3%	—	—	—	896215209
ADTN	ADTRAN HOLDINGS INC	1,069,420	$9.293M	1.1%	—	—	—	00486H105

Decreased Positions (13)

XZO EXZEO GROUP INC 0.3%

Value $2.821M (-88.2%) Shares 192,277 (-80.5%) Est. Cost — Unrealized —

JBI JANUS INTERNATIONAL GROUP IN 0.5%

Value $4.309M (-81.1%) Shares 836,650 (-76.0%) Est. Cost — Unrealized —

AIR AAR CORP 6.9%

Value $59.11M (+29.9%) Shares 539,972 (-1.7%) Est. Cost — Unrealized —

MGNI MAGNITE INC 2.9%

Value $25.16M (-35.0%) Shares 2,118,016 (-11.2%) Est. Cost — Unrealized —

ZETA ZETA GLOBAL HOLDINGS CORP 0.9%

Value $7.882M (-63.1%) Shares 495,103 (-52.8%) Est. Cost — Unrealized —

PNTG PENNANT GROUP INC 3.2%

Value $27.55M (-26.2%) Shares 903,881 (-31.9%) Est. Cost — Unrealized —

VVX V2X INC 6.8%

Value $58.03M (+16.6%) Shares 847,182 (-7.1%) Est. Cost — Unrealized —

CDNL CARDINAL INFRASTRUCTURE GROU 3.7%

Value $31.83M (+33.4%) Shares 802,739 (-18.7%) Est. Cost — Unrealized —

SIMO SILICON MOTION TECHNOLOGY INC 4.7%

Value $40.09M (-7.5%) Shares 357,044 (-23.6%) Est. Cost — Unrealized —

IESC IES HOLDINGS INC 3.1%

Value $26.22M (+13.1%) Shares 55,033 (-7.6%) Est. Cost — Unrealized —

DCO DUCOMMUN INC 4.4%

Value $38.18M (-6.5%) Shares 312,937 (-27.1%) Est. Cost — Unrealized —

ANDE ANDERSONS INC 4.3%

Value $36.92M (-4.7%) Shares 514,364 (-29.4%) Est. Cost — Unrealized —

VIAV VIAVI SOLUTIONS INC 1.3%

Value $11.55M (+2.9%) Shares 346,916 (-44.9%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XZO	EXZEO GROUP INC	192,277 (-80.5%)	$2.821M (-88.2%)	0.3%	—	—	COM	30234F101
JBI	JANUS INTERNATIONAL GROUP IN	836,650 (-76.0%)	$4.309M (-81.1%)	0.5%	—	—	COM	47103N106
AIR	AAR CORP	539,972 (-1.7%)	$59.11M (+29.9%)	6.9%	—	—	COM	000361105
MGNI	MAGNITE INC	2,118,016 (-11.2%)	$25.16M (-35.0%)	2.9%	—	—	COM	55955D100
ZETA	ZETA GLOBAL HOLDINGS CORP	495,103 (-52.8%)	$7.882M (-63.1%)	0.9%	—	—	CL A	98956A105
PNTG	PENNANT GROUP INC	903,881 (-31.9%)	$27.55M (-26.2%)	3.2%	—	—	COM	70805E109
VVX	V2X INC	847,182 (-7.1%)	$58.03M (+16.6%)	6.8%	—	—	COM	92242T101
CDNL	CARDINAL INFRASTRUCTURE GROU	802,739 (-18.7%)	$31.83M (+33.4%)	3.7%	—	—	CL A	14154A102
SIMO	SILICON MOTION TECHNOLOGY INC	357,044 (-23.6%)	$40.09M (-7.5%)	4.7%	—	—	SPONSORED ADR	82706C108
IESC	IES HOLDINGS INC	55,033 (-7.6%)	$26.22M (+13.1%)	3.1%	—	—	COM	44951W106
DCO	DUCOMMUN INC	312,937 (-27.1%)	$38.18M (-6.5%)	4.4%	—	—	COM	264147109
ANDE	ANDERSONS INC	514,364 (-29.4%)	$36.92M (-4.7%)	4.3%	—	—	COM	034164103
VIAV	VIAVI SOLUTIONS INC	346,916 (-44.9%)	$11.55M (+2.9%)	1.3%	—	—	COM	925550105

Unchanged Positions (2)

BRCB BLACK ROCK COFFEE BAR INC 0.4%

Value $3.549M Shares 274,688 Est. Cost — Unrealized —

KRUS KURA SUSHI USA INC 0.4%

Value $3.852M Shares 55,193 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRCB	BLACK ROCK COFFEE BAR INC	274,688	$3.549M	0.4%	—	—	CL A	092244102
KRUS	KURA SUSHI USA INC	55,193	$3.852M	0.4%	—	—	CL A	501270102