Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TECH	BIO-TECHNE CORP	1,149,129	$67.58M	6.5%	$60.72	0.0%	COM	09073M104
MSM	MSC INDL DIRECT INC	500,000	$42.05M	4.0%	$84.53	+2.5%	PUT	553530106
MCHP	MICROCHIP TECHNOLOGY INC.	635,252	$40.48M	3.9%	$61.35	0.0%	COM	595017104
CSGP	COSTAR GROUP INC	499,300	$33.57M	3.2%	$71.66	-1.2%	PUT	22160N109
COHU	COHU INC	1,425,621	$33.17M	3.2%	$22.92	0.0%	COM	192576106
TECH	BIO-TECHNE CORP	500,000	$29.41M	2.8%	$60.72	0.0%	PUT	09073M104
GLOB	GLOBANT S A	350,000	$22.88M	2.2%	$62.86	0.0%	PUT	L44385109
FFIV	F5 INC	84,965	$21.69M	2.1%	$269.03	0.0%	COM	315616102
CLH	CLEAN HARBORS INC	73,672	$17.27M	1.7%	$228.49	0.0%	COM	184496107
NDSN	NORDSON CORP	69,965	$16.82M	1.6%	$234.27	0.0%	COM	655663102
SITE	SITEONE LANDSCAPE SUPPLY INC	134,210	$16.72M	1.6%	$126.61	0.0%	COM	82982L103
GXO	GXO LOGISTICS INCORPORATED	313,732	$16.51M	1.6%	$52.55	0.0%	COMMON STOCK	36262G101
FCFS	FIRSTCASH HOLDINGS INC	103,214	$16.45M	1.6%	$157.02	0.0%	COM	33768G107
ENVA	ENOVA INTL INC	104,489	$16.43M	1.6%	$130.16	0.0%	COM	29357K103
GLOB	GLOBANT S A	212,270	$13.88M	1.3%	$62.86	0.0%	COM	L44385109
KFY	KORN FERRY	200,785	$13.26M	1.3%	$66.87	0.0%	COM NEW	500643200
DV	DOUBLEVERIFY HLDGS INC	1,020,892	$11.68M	1.1%	$11.03	0.0%	COM	25862V105
SKY	CHAMPION HOMES INC	136,942	$11.57M	1.1%	$78.80	0.0%	COM	830830105
HLIO	HELIOS TECHNOLOGIES INC	197,600	$10.57M	1.0%	$53.90	0.0%	COM	42328H109
NVDA	NVIDIA CORPORATION	54,427	$10.15M	1.0%	$186.13	0.0%	COM	67066G104
CXT	CRANE NXT CO	201,764	$9.497M	0.9%	$58.99	0.0%	COM	224441105
PEGA	PEGASYSTEMS INC	157,288	$9.393M	0.9%	$58.57	0.0%	COM	705573103
MTX	MINERALS TECHNOLOGIES INC	148,385	$9.044M	0.9%	$59.09	0.0%	COM	603158106
SIMO	SILICON MOTION TECHNOLOGY CO	90,411	$8.381M	0.8%	$92.70	—	SPONSORED ADR	82706C108
SAIA	SAIA INC	25,345	$8.276M	0.8%	$302.29	0.0%	COM	78709Y105
BCPC	BALCHEM CORP	53,206	$8.16M	0.8%	$151.78	0.0%	COM	057665200
CODI	COMPASS DIVERSIFIED	1,588,657	$7.626M	0.7%	$6.32	0.0%	SH BEN INT	20451Q104
LOPE	GRAND CANYON ED INC	45,424	$7.554M	0.7%	$180.87	0.0%	COM	38526M106
EXP	EAGLE MATLS INC	33,104	$6.842M	0.7%	$220.50	0.0%	COM	26969P108
JJSF	J & J SNACK FOODS CORP	58,980	$5.33M	0.5%	$90.05	0.0%	COM	466032109
PLXS	PLEXUS CORP	34,849	$5.123M	0.5%	$146.63	0.0%	COM	729132100
WLDN	WILLDAN GROUP INC	31,183	$3.232M	0.3%	$98.45	0.0%	COM	96924N100
NSSC	NAPCO SEC TECHNOLOGIES INC	74,221	$3.095M	0.3%	$41.96	0.0%	COM	630402105
VPG	VISHAY PRECISION GROUP INC	68,634	$2.642M	0.3%	$35.37	0.0%	COM	92835K103
TPB	TURNING PT BRANDS INC	20,281	$2.198M	0.2%	$97.78	0.0%	COM	90041L105
UWMC	UWM HOLDINGS CORPORATION	432,595	$1.895M	0.2%	$5.38	0.0%	COM CL A	91823B109
ASTH	ASTRANA HEALTH INC	32,020	$794K	0.1%	$26.56	0.0%	COM NEW	03763A207
MBUU	MALIBU BOATS INC	20,000	$564K	0.1%	$29.00	0.0%	COM CL A	56117J100

Increased Positions (12)

CLS CELESTICA INC 6.9%

Value $72.28M (+284.1%) Shares 244,528 (+220.1%) Est. Cost $229.88 Unrealized +31.1%

CSGP COSTAR GROUP INC 5.2%

Value $54.54M (+582.4%) Shares 811,181 (+756.2%) Est. Cost $71.66 Unrealized -1.2%

MSM MSC INDL DIRECT INC 4.8%

Value $49.49M (+48.8%) Shares 588,496 (+63.0%) Est. Cost $84.53 Unrealized +2.5%

CVSA ADTALEM GLOBAL ED INC 2.4%

Value $25.05M (+113.3%) Shares 242,134 (+218.4%) Est. Cost $96.69 Unrealized +18.4%

SMG SCOTTS MIRACLE-GRO CO 1.3%

Value $13.29M (+338.2%) Shares 227,686 (+327.7%) Est. Cost $56.60 Unrealized -2.5%

ICFI ICF INTL INC 1.6%

Value $16.42M (+153.0%) Shares 192,476 (+175.3%) Est. Cost $87.71 Unrealized -3.2%

CWST CASELLA WASTE SYS INC 1.5%

Value $16.04M (+85.4%) Shares 163,726 (+79.6%) Est. Cost $97.20 Unrealized -4.5%

ATRO ASTRONICS CORP 1.5%

Value $15.8M (+36.0%) Shares 291,349 (+14.4%) Est. Cost $38.24 Unrealized +31.6%

MNRO MONRO INC 1.5%

Value $15.81M (+26.8%) Shares 789,025 (+13.7%) Est. Cost $18.32 Unrealized +0.5%

FELE FRANKLIN ELEC INC 1.4%

Value $14.22M (+15.7%) Shares 148,842 (+15.3%) Est. Cost $94.11 Unrealized +1.0%

AAON AAON INC 1.0%

Value $10.01M (+18.9%) Shares 131,279 (+45.7%) Est. Cost $85.06 Unrealized +8.5%

IIIN INSTEEL INDS INC 0.4%

Value $4.231M (+29.6%) Shares 133,587 (+56.9%) Est. Cost $34.86 Unrealized -8.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CLS	CELESTICA INC	244,528 (+220.1%)	$72.28M (+284.1%)	6.9%	$229.88	+31.1%	COM	15101Q207
CSGP	COSTAR GROUP INC	811,181 (+756.2%)	$54.54M (+582.4%)	5.2%	$71.66	-1.2%	COM	22160N109
MSM	MSC INDL DIRECT INC	588,496 (+63.0%)	$49.49M (+48.8%)	4.8%	$84.53	+2.5%	CL A	553530106
CVSA	ADTALEM GLOBAL ED INC	242,134 (+218.4%)	$25.05M (+113.3%)	2.4%	$96.69	+18.4%	COM	00737L103
SMG	SCOTTS MIRACLE-GRO CO	227,686 (+327.7%)	$13.29M (+338.2%)	1.3%	$56.60	-2.5%	CL A	810186106
ICFI	ICF INTL INC	192,476 (+175.3%)	$16.42M (+153.0%)	1.6%	$87.71	-3.2%	COM	44925C103
CWST	CASELLA WASTE SYS INC	163,726 (+79.6%)	$16.04M (+85.4%)	1.5%	$97.20	-4.5%	CL A	147448104
ATRO	ASTRONICS CORP	291,349 (+14.4%)	$15.8M (+36.0%)	1.5%	$38.24	+31.6%	COM	046433108
MNRO	MONRO INC	789,025 (+13.7%)	$15.81M (+26.8%)	1.5%	$18.32	+0.5%	COM	610236101
FELE	FRANKLIN ELEC INC	148,842 (+15.3%)	$14.22M (+15.7%)	1.4%	$94.11	+1.0%	COM	353514102
AAON	AAON INC	131,279 (+45.7%)	$10.01M (+18.9%)	1.0%	$85.06	+8.5%	COM PAR $0.004	000360206
IIIN	INSTEEL INDS INC	133,587 (+56.9%)	$4.231M (+29.6%)	0.4%	$34.86	-8.4%	COM	45774W108

Exited Positions (33)

MIDD MIDDLEBY CORP 5.3%

Value $55.26M Shares 415,705 Est. Cost $138.84 Unrealized -5.5%

LRN STRIDE INC 4.0%

Value $41.78M Shares 280,492 Est. Cost $146.33 Unrealized -37.9%

GLW CORNING INC 3.9%

Value $40.86M Shares 498,061 Est. Cost $44.87 Unrealized +91.6%

G GENPACT LIMITED 3.6%

Value $37.82M Shares 902,850 Est. Cost $43.82 Unrealized -1.3%

— HILLENBRAND INC 2.5%

Value $25.86M Shares 956,290 Est. Cost $27.04 Unrealized —

ESI ELEMENT SOLUTIONS INC 2.5%

Value $25.82M Shares 1,025,797 Est. Cost $20.78 Unrealized +24.7%

MTX MINERALS TECHNOLOGIES INC 2.4%

Value $24.85M Shares 400,000 Est. Cost $59.09 Unrealized 0.0%

CGNX COGNEX CORP 2.2%

Value $22.65M Shares 500,000 Est. Cost — Unrealized —

OLLI OLLIES BARGAIN OUTLET HLDGS 2.2%

Value $22.43M Shares 174,654 Est. Cost $121.90 Unrealized -1.1%

G GENPACT LIMITED 2.0%

Value $20.95M Shares 500,000 Est. Cost $43.82 Unrealized -1.3%

VECO VEECO INSTRS INC DEL 2.0%

Value $20.64M Shares 678,169 Est. Cost $19.73 Unrealized +50.3%

ST SENSATA TECHNOLOGIES HLDG PL 2.0%

Value $20.64M Shares 675,486 Est. Cost $24.54 Unrealized +30.3%

OPLN OPENLANE INC 2.0%

Value $20.44M Shares 710,180 Est. Cost $21.12 Unrealized +28.1%

AMBA AMBARELLA INC 1.8%

Value $19.2M Shares 232,713 Est. Cost $55.88 Unrealized +44.6%

ASGN ASGN INC 1.4%

Value $14.21M Shares 300,000 Est. Cost $51.02 Unrealized -9.6%

CVGW CALAVO GROWERS INC 1.3%

Value $13.44M Shares 522,247 Est. Cost $26.55 Unrealized -17.2%

SON SONOCO PRODS CO 1.2%

Value $12.93M Shares 300,000 Est. Cost — Unrealized —

DV DOUBLEVERIFY HLDGS INC 1.2%

Value $11.98M Shares 1,000,000 Est. Cost $11.03 Unrealized 0.0%

ZBRA ZEBRA TECHNOLOGIES CORPORATI 1.0%

Value $10.55M Shares 35,487 Est. Cost $271.51 Unrealized -1.5%

SANM SANMINA CORPORATION 1.0%

Value $10.06M Shares 87,399 Est. Cost $112.45 Unrealized +31.3%

HAE HAEMONETICS CORP MASS 0.8%

Value $8.53M Shares 175,000 Est. Cost — Unrealized —

AXTA AXALTA COATING SYS LTD 0.8%

Value $8.141M Shares 284,462 Est. Cost $30.10 Unrealized -2.5%

RAL RALLIANT CORP 0.8%

Value $8.139M Shares 186,120 Est. Cost $44.46 Unrealized +5.4%

LRN STRIDE INC 0.7%

Value $7.447M Shares 50,000 Est. Cost $146.33 Unrealized -37.9%

KEX KIRBY CORP 0.6%

Value $6.676M Shares 80,000 Est. Cost $100.46 Unrealized +1.2%

FBIN FORTUNE BRANDS INNOVATIONS I 0.6%

Value $5.739M Shares 107,496 Est. Cost $55.69 Unrealized -10.6%

PRLB PROTO LABS INC 0.5%

Value $5.683M Shares 113,587 Est. Cost $45.82 Unrealized +11.6%

GENI GENIUS SPORTS LIMITED 0.5%

Value $5.166M Shares 417,251 Est. Cost $10.06 Unrealized +8.4%

PHIN PHINIA INC 0.4%

Value $3.898M Shares 67,817 Est. Cost $53.56 Unrealized +2.9%

SVV SAVERS VALUE VLG INC 0.4%

Value $3.844M Shares 290,088 Est. Cost $11.50 Unrealized -10.6%

OSIS OSI SYSTEMS INC 0.3%

Value $3.431M Shares 13,764 Est. Cost $190.49 Unrealized +37.1%

LGCY LEGACY ED INC 0.2%

Value $2.251M Shares 235,214 Est. Cost $11.69 Unrealized -17.6%

HVT HAVERTY FURNITURE COS INC 0.0%

Value $325K Shares 14,820 Est. Cost $22.22 Unrealized +1.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MIDD	MIDDLEBY CORP	415,705	$55.26M	5.3%	$138.84	-5.5%	—	596278101
LRN	STRIDE INC	280,492	$41.78M	4.0%	$146.33	-37.9%	—	86333M108
GLW	CORNING INC	498,061	$40.86M	3.9%	$44.87	+91.6%	—	219350105
G	GENPACT LIMITED	902,850	$37.82M	3.6%	$43.82	-1.3%	—	G3922B107
—	HILLENBRAND INC	956,290	$25.86M	2.5%	$27.04	—	—	431571108
ESI	ELEMENT SOLUTIONS INC	1,025,797	$25.82M	2.5%	$20.78	+24.7%	—	28618M106
MTX	MINERALS TECHNOLOGIES INC	400,000	$24.85M	2.4%	$59.09	0.0%	PUT	603158106
CGNX	COGNEX CORP	500,000	$22.65M	2.2%	—	—	CALL	192422103
OLLI	OLLIES BARGAIN OUTLET HLDGS	174,654	$22.43M	2.2%	$121.90	-1.1%	—	681116109
G	GENPACT LIMITED	500,000	$20.95M	2.0%	$43.82	-1.3%	PUT	G3922B107
VECO	VEECO INSTRS INC DEL	678,169	$20.64M	2.0%	$19.73	+50.3%	—	922417100
ST	SENSATA TECHNOLOGIES HLDG PL	675,486	$20.64M	2.0%	$24.54	+30.3%	—	G8060N102
OPLN	OPENLANE INC	710,180	$20.44M	2.0%	$21.12	+28.1%	—	48238T109
AMBA	AMBARELLA INC	232,713	$19.2M	1.8%	$55.88	+44.6%	—	G037AX101
ASGN	ASGN INC	300,000	$14.21M	1.4%	$51.02	-9.6%	PUT	00191U102
CVGW	CALAVO GROWERS INC	522,247	$13.44M	1.3%	$26.55	-17.2%	—	128246105
SON	SONOCO PRODS CO	300,000	$12.93M	1.2%	—	—	PUT	835495102
DV	DOUBLEVERIFY HLDGS INC	1,000,000	$11.98M	1.2%	$11.03	0.0%	PUT	25862V105
ZBRA	ZEBRA TECHNOLOGIES CORPORATI	35,487	$10.55M	1.0%	$271.51	-1.5%	—	989207105
SANM	SANMINA CORPORATION	87,399	$10.06M	1.0%	$112.45	+31.3%	—	801056102
HAE	HAEMONETICS CORP MASS	175,000	$8.53M	0.8%	—	—	PUT	405024100
AXTA	AXALTA COATING SYS LTD	284,462	$8.141M	0.8%	$30.10	-2.5%	—	G0750C108
RAL	RALLIANT CORP	186,120	$8.139M	0.8%	$44.46	+5.4%	—	750940108
LRN	STRIDE INC	50,000	$7.447M	0.7%	$146.33	-37.9%	PUT	86333M108
KEX	KIRBY CORP	80,000	$6.676M	0.6%	$100.46	+1.2%	—	497266106
FBIN	FORTUNE BRANDS INNOVATIONS I	107,496	$5.739M	0.6%	$55.69	-10.6%	—	34964C106
PRLB	PROTO LABS INC	113,587	$5.683M	0.5%	$45.82	+11.6%	—	743713109
GENI	GENIUS SPORTS LIMITED	417,251	$5.166M	0.5%	$10.06	+8.4%	—	G3934V109
PHIN	PHINIA INC	67,817	$3.898M	0.4%	$53.56	+2.9%	—	71880K101
SVV	SAVERS VALUE VLG INC	290,088	$3.844M	0.4%	$11.50	-10.6%	—	80517M109
OSIS	OSI SYSTEMS INC	13,764	$3.431M	0.3%	$190.49	+37.1%	—	671044105
LGCY	LEGACY ED INC	235,214	$2.251M	0.2%	$11.69	-17.6%	—	52474R207
HVT	HAVERTY FURNITURE COS INC	14,820	$325K	0.0%	$22.22	+1.3%	—	419596101

Decreased Positions (12)

WLY WILEY JOHN & SONS INC 0.7%

Value $7.737M (-87.0%) Shares 252,596 (-82.9%) Est. Cost $42.30 Unrealized -17.7%

TTMI TTM TECHNOLOGIES INC 1.6%

Value $16.27M (-69.8%) Shares 235,837 (-74.8%) Est. Cost $46.47 Unrealized +40.4%

IESC IES HLDGS INC 0.2%

Value $1.865M (-95.2%) Shares 4,793 (-95.1%) Est. Cost $344.15 Unrealized +16.8%

AZZ AZZ INC 0.4%

Value $4.469M (-89.1%) Shares 41,700 (-88.9%) Est. Cost $99.74 Unrealized +3.7%

LITE LUMENTUM HLDGS INC 1.4%

Value $14.43M (-58.6%) Shares 39,138 (-81.7%) Est. Cost $111.13 Unrealized +131.1%

WMS ADVANCED DRAIN SYS INC DEL 2.7%

Value $28.51M (-37.5%) Shares 196,848 (-40.1%) Est. Cost $131.06 Unrealized +10.4%

BLKB BLACKBAUD INC 2.1%

Value $21.49M (-44.2%) Shares 339,361 (-43.3%) Est. Cost $65.16 Unrealized -5.1%

ONTO ONTO INNOVATION INC 1.8%

Value $18.34M (-47.6%) Shares 116,149 (-57.1%) Est. Cost $107.03 Unrealized +32.7%

HURN HURON CONSULTING GROUP INC 2.1%

Value $21.72M (-40.9%) Shares 125,593 (-49.9%) Est. Cost $138.84 Unrealized +17.9%

KRE SPDR SERIES TRUST 0.4%

Value $4.264M (-76.6%) Shares 65,790 (-77.1%) Est. Cost $61.89 Unrealized —

ACVA ACV AUCTIONS INC 1.1%

Value $11.65M (-31.9%) Shares 1,452,788 (-15.8%) Est. Cost $12.80 Unrealized -36.8%

ASGN ASGN INC 1.3%

Value $13.35M (-5.6%) Shares 277,183 (-7.2%) Est. Cost $51.02 Unrealized -9.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WLY	WILEY JOHN & SONS INC	252,596 (-82.9%)	$7.737M (-87.0%)	0.7%	$42.30	-17.7%	CL A	968223206
TTMI	TTM TECHNOLOGIES INC	235,837 (-74.8%)	$16.27M (-69.8%)	1.6%	$46.47	+40.4%	COM	87305R109
IESC	IES HLDGS INC	4,793 (-95.1%)	$1.865M (-95.2%)	0.2%	$344.15	+16.8%	COM	44951W106
AZZ	AZZ INC	41,700 (-88.9%)	$4.469M (-89.1%)	0.4%	$99.74	+3.7%	COM	002474104
LITE	LUMENTUM HLDGS INC	39,138 (-81.7%)	$14.43M (-58.6%)	1.4%	$111.13	+131.1%	COM	55024U109
WMS	ADVANCED DRAIN SYS INC DEL	196,848 (-40.1%)	$28.51M (-37.5%)	2.7%	$131.06	+10.4%	COM	00790R104
BLKB	BLACKBAUD INC	339,361 (-43.3%)	$21.49M (-44.2%)	2.1%	$65.16	-5.1%	COM	09227Q100
ONTO	ONTO INNOVATION INC	116,149 (-57.1%)	$18.34M (-47.6%)	1.8%	$107.03	+32.7%	COM	683344105
HURN	HURON CONSULTING GROUP INC	125,593 (-49.9%)	$21.72M (-40.9%)	2.1%	$138.84	+17.9%	COM	447462102
KRE	SPDR SERIES TRUST	65,790 (-77.1%)	$4.264M (-76.6%)	0.4%	$61.89	—	STATE STREET SPD	78464A698
ACVA	ACV AUCTIONS INC	1,452,788 (-15.8%)	$11.65M (-31.9%)	1.1%	$12.80	-36.8%	COM CL A	00091G104
ASGN	ASGN INC	277,183 (-7.2%)	$13.35M (-5.6%)	1.3%	$51.02	-9.6%	COM	00191U102

Unchanged Positions (1)

TILE INTERFACE INC 0.8%

Value $8.444M Shares 302,440 Est. Cost $25.23 Unrealized +8.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TILE	INTERFACE INC	302,440	$8.444M	0.8%	$25.23	+8.1%	COM	458665304