OBERWEIS ASSET MANAGEMENT INC/ Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GMED	Globus Medical, Inc.-A	270,000	$23,574	0.9%	$75.90	0.0%	COM	379577208
ARQT	Arcutis Biotherapeutics, Inc.	808,400	$23,476	0.9%	$25.60	0.0%	COM	03969K108
DAN	Dana Inc.	796,500	$18,925	0.7%	$21.12	0.0%	COM	235825205
CNR	Core Natural Resources, Inc.	178,400	$15,790	0.6%	$85.17	0.0%	COM	218937100
—	Indivior Plc	424,941	$15,247	0.6%	$35.88	—	COM	G4766E116
SGHC	Super Group SGHC Ltd.	1,268,500	$15,159	0.6%	$12.02	0.0%	COM	G8588X103
ALHC	Alighnment Healthcare, Inc.	747,500	$14,763	0.5%	$17.97	0.0%	COM	01625V104
MIR	Mirion Technologies, Inc.	607,800	$14,235	0.5%	$24.94	0.0%	COM	60471A101
CALX	Calix, Inc.	244,600	$12,947	0.5%	$58.25	0.0%	COM	13100M509
WK	Workiva, Inc.	127,500	$10,997	0.4%	$88.54	0.0%	COM	98139A105
PLUS	EPlus, Inc.	110,898	$9,726	0.4%	$82.50	0.0%	COM	294268107
VIAV	Viavi Solutions, Inc.	508,100	$9,054	0.3%	$16.15	0.0%	COM	925550105
PUMP	ProPetro Holding Corp.	947,900	$9,015	0.3%	$8.69	0.0%	COM	74347M108
BHE	Benchmark Electronics Inc	198,300	$8,479	0.3%	$43.15	0.0%	COM	08160H101
PAHC	Phibro Animal Health Corp	209,800	$7,838	0.3%	$40.62	0.0%	COM	71742Q106
FSLY	Fastly, Inc.	689,800	$7,022	0.3%	$9.86	0.0%	COM	31188V100
TCMD	Tactile Sys Technology, Inc.	199,100	$5,774	0.2%	$22.20	0.0%	COM	87357P100
MU	Micron Technology	4,500	$1,284	0.0%	$229.35	0.0%	COM	595112103
HTHT	H World Group Ltd.	24,000	$1,129	0.0%	$47.05	—	COM	44332N106
—	Wells Fargo Co New Perp Pfd	225	$273	0.0%	$1212.00	—	PFD	949746804
GLD	SPDR Gold Shares ETF	675	$268	0.0%	$396.31	—	ETF	78463V107

Increased Positions (92)

AAOI Applied Optoelectronics Inc. 2.6%

Value ($000) $71,102 (+45.2%) Shares 2,039,641 (+8.0%) Est. Cost $20.03 Unrealized +49.1%

AMSC American Superconductor 0.9%

Value ($000) $24,057 (-39.2%) Shares 835,900 (+25.6%) Est. Cost $17.05 Unrealized +153.6%

ATEC Alphatec Hldgs Inc. 0.8%

Value ($000) $21,048 (+213.9%) Shares 1,000,400 (+116.9%) Est. Cost $16.39 Unrealized +12.9%

AEO American Eagle Outfitters 0.8%

Value ($000) $21,478 (+159.4%) Shares 814,500 (+68.3%) Est. Cost $16.00 Unrealized +22.9%

SN SharkNinja, Inc. 2.2%

Value ($000) $58,894 (+18.3%) Shares 526,310 (+9.0%) Est. Cost $69.38 Unrealized +42.0%

IRTC Irhythm Holdings, Inc. 0.8%

Value ($000) $21,240 (+52.1%) Shares 119,700 (+47.4%) Est. Cost $144.66 Unrealized +22.5%

AMBA Ambarella, Inc. 1.6%

Value ($000) $43,769 (-13.2%) Shares 617,860 (+1.1%) Est. Cost $64.65 Unrealized +25.0%

NYT New York Times Co. Cl A 0.8%

Value ($000) $21,013 (+45.3%) Shares 302,700 (+20.1%) Est. Cost $57.55 Unrealized +7.4%

ICUI ICU Medical, Inc. 0.9%

Value ($000) $23,974 (+34.0%) Shares 168,040 (+12.7%) Est. Cost $149.60 Unrealized -10.5%

LASR nLIGHT Inc. 0.5%

Value ($000) $13,369 (+69.6%) Shares 356,400 (+34.0%) Est. Cost $26.98 Unrealized +23.8%

FCFS FirstCash Holdings, Inc 0.8%

Value ($000) $20,927 (+35.1%) Shares 131,300 (+34.3%) Est. Cost $118.62 Unrealized +32.4%

VISN Vistance Networks, Inc. 0.6%

Value ($000) $17,421 (+42.3%) Shares 960,912 (+21.5%) Est. Cost $13.74 Unrealized +25.6%

AXGN AxoGen Inc. 0.4%

Value ($000) $11,004 (+88.0%) Shares 336,200 (+2.5%) Est. Cost $12.22 Unrealized +101.2%

IMAX Imax Corp. 0.9%

Value ($000) $24,109 (+27.0%) Shares 652,300 (+12.5%) Est. Cost $19.86 Unrealized +75.6%

SKYW Skywest Inc 1.4%

Value ($000) $38,379 (+15.3%) Shares 382,220 (+15.5%) Est. Cost $66.86 Unrealized +49.8%

SXT Sensient Technologies Corp. 0.6%

Value ($000) $17,663 (+40.2%) Shares 188,000 (+40.1%) Est. Cost $105.11 Unrealized -10.2%

WGS Genedx Holdings Corp. 0.9%

Value ($000) $25,852 (+23.7%) Shares 198,770 (+2.5%) Est. Cost $48.07 Unrealized +185.5%

GENI Genius Sports Ltd. 0.6%

Value ($000) $17,477 (+39.1%) Shares 1,585,900 (+56.2%) Est. Cost $11.58 Unrealized -5.8%

URBN Urban Outfitters, Inc. 0.8%

Value ($000) $21,554 (+28.8%) Shares 286,400 (+22.2%) Est. Cost $63.04 Unrealized +12.2%

MMSI Merit Medical System Inc 0.9%

Value ($000) $23,689 (+22.7%) Shares 268,760 (+15.8%) Est. Cost $78.38 Unrealized +8.6%

LTH Life Time Holdings, Inc. 1.0%

Value ($000) $28,156 (+17.7%) Shares 1,059,300 (+22.3%) Est. Cost $28.72 Unrealized -9.4%

LQDA Liquidia Corp. 0.4%

Value ($000) $11,354 (+55.4%) Shares 329,200 (+2.5%) Est. Cost $13.77 Unrealized +106.7%

CECO CECO Environmental Corp. 0.3%

Value ($000) $8,709 (+84.9%) Shares 145,508 (+58.1%) Est. Cost $46.43 Unrealized +15.2%

DAVE Dave, Inc. 0.5%

Value ($000) $13,046 (+43.4%) Shares 58,922 (+29.2%) Est. Cost $191.68 Unrealized +12.2%

BLBD Blue Bird Corporation 0.7%

Value ($000) $17,984 (-16.3%) Shares 382,638 (+2.5%) Est. Cost $25.15 Unrealized +107.9%

CRDO Credo Technology Group 3.6%

Value ($000) $97,182 (+3.6%) Shares 675,388 (+4.9%) Est. Cost $40.08 Unrealized +283.7%

LIVN LivaNova Plc 0.5%

Value ($000) $13,063 (+34.1%) Shares 212,300 (+14.1%) Est. Cost $51.18 Unrealized +11.6%

CPRX Catalyst Pharmaceuticals, Inc. 0.5%

Value ($000) $13,700 (+31.6%) Shares 586,970 (+11.1%) Est. Cost $16.13 Unrealized +38.1%

ATRC Atricure, Inc. 0.3%

Value ($000) $8,624 (+59.4%) Shares 217,992 (+42.0%) Est. Cost $35.11 Unrealized +4.4%

QLYS Qualys, Inc. 0.5%

Value ($000) $14,327 (+28.9%) Shares 107,800 (+28.3%) Est. Cost $137.19 Unrealized +0.3%

QTWO Q2 Holdings, Inc. 0.9%

Value ($000) $24,308 (+14.9%) Shares 336,860 (+15.3%) Est. Cost $76.91 Unrealized -10.7%

ETON Eton Pharmaceuticals, Inc. 0.3%

Value ($000) $7,293 (+74.5%) Shares 431,300 (+124.2%) Est. Cost $17.15 Unrealized +2.6%

RSI Rush Street Interactive, Inc. 1.0%

Value ($000) $27,430 (+12.4%) Shares 1,411,710 (+18.5%) Est. Cost $9.43 Unrealized +95.9%

PEGA Pegasystems Inc. 0.9%

Value ($000) $25,371 (+13.3%) Shares 424,840 (+9.1%) Est. Cost $45.42 Unrealized +29.0%

LSCC Lattice Semiconductor Corporat 0.8%

Value ($000) $23,151 (+14.6%) Shares 314,636 (+14.2%) Est. Cost $73.35 Unrealized —

EYE National Vision Holdings, Inc. 0.7%

Value ($000) $20,256 (+16.6%) Shares 784,500 (+31.9%) Est. Cost $19.43 Unrealized +38.4%

MD Pediatrix Medical Group, Inc. 0.4%

Value ($000) $11,978 (+31.1%) Shares 559,987 (+2.6%) Est. Cost $14.03 Unrealized +46.0%

COCO The Vita Coco Co., Inc. 0.5%

Value ($000) $12,373 (+27.6%) Shares 233,400 (+2.2%) Est. Cost $28.31 Unrealized +65.7%

BOOT Boot Barn Hldgs, Inc. 0.3%

Value ($000) $9,494 (+36.1%) Shares 53,800 (+27.8%) Est. Cost $117.42 Unrealized +58.9%

BLZE Backblaze, Inc. 0.1%

Value ($000) $2,572 (-48.5%) Shares 552,023 (+2.5%) Est. Cost $8.71 Unrealized -21.3%

BBW Build A Bear 0.3%

Value ($000) $8,216 (+37.6%) Shares 134,100 (+46.4%) Est. Cost $57.18 Unrealized -5.1%

ANIP ANI Pharmaceuticals, Inc. 0.5%

Value ($000) $14,906 (+17.2%) Shares 188,830 (+35.9%) Est. Cost $68.03 Unrealized +27.3%

FBK FB Financial Corp. 0.3%

Value ($000) $8,883 (+29.0%) Shares 159,200 (+28.9%) Est. Cost $46.72 Unrealized +19.0%

HWKN Hawkins, Inc. 0.2%

Value ($000) $6,648 (-20.4%) Shares 46,800 (+2.4%) Est. Cost $63.31 Unrealized +132.6%

PDS Precision Drilling Corp. 0.3%

Value ($000) $7,152 (+30.7%) Shares 99,500 (+2.5%) Est. Cost $54.33 Unrealized +13.0%

AIR AAR Corp. 0.8%

Value ($000) $22,577 (+6.5%) Shares 272,700 (+15.3%) Est. Cost $68.21 Unrealized +21.3%

TPB Turning PT Brands, Inc. 0.4%

Value ($000) $11,219 (+12.4%) Shares 103,500 (+2.5%) Est. Cost $68.74 Unrealized +42.3%

HURN Huron Consulting Group, Inc. 0.3%

Value ($000) $7,176 (+20.7%) Shares 41,500 (+2.5%) Est. Cost $97.05 Unrealized +68.7%

ADPT Adaptive Biotechnologies 0.4%

Value ($000) $12,091 (+11.2%) Shares 744,500 (+2.5%) Est. Cost $9.83 Unrealized +66.0%

TPC Tutor Perini Corp. 0.9%

Value ($000) $25,950 (+4.7%) Shares 387,200 (+2.5%) Est. Cost $26.43 Unrealized +148.1%

SKWD Skyward Specialty Ins Group 0.4%

Value ($000) $12,139 (+10.1%) Shares 237,500 (+2.5%) Est. Cost $40.36 Unrealized +19.1%

KNSA Kiniksa Pharmaceuticals, Ltd. 0.5%

Value ($000) $12,903 (+8.9%) Shares 312,800 (+2.5%) Est. Cost $24.80 Unrealized +61.7%

POWL Powell Industries Inc. 0.6%

Value ($000) $15,525 (+7.2%) Shares 48,700 (+2.5%) Est. Cost $163.20 Unrealized +106.2%

WEAV Weave Communications, Inc. 0.3%

Value ($000) $7,583 (+15.1%) Shares 999,080 (+1.3%) Est. Cost $9.17 Unrealized -27.6%

MHO M/I Homes, Inc. 0.4%

Value ($000) $9,596 (-9.2%) Shares 75,000 (+2.5%) Est. Cost $104.87 Unrealized +26.0%

CLMB Climb Global Solutions, Inc. 0.2%

Value ($000) $5,341 (+21.9%) Shares 51,960 (+59.9%) Est. Cost $117.35 Unrealized -1.2%

AORT Artivion, Inc 0.4%

Value ($000) $9,900 (+10.4%) Shares 217,060 (+2.5%) Est. Cost $18.22 Unrealized +144.5%

MGNI Magnite, Inc. 0.4%

Value ($000) $10,319 (-7.8%) Shares 635,800 (+23.7%) Est. Cost $13.89 Unrealized +19.5%

MBUU Malibu Boats, Inc. 0.3%

Value ($000) $6,886 (-10.9%) Shares 244,100 (+2.5%) Est. Cost $38.26 Unrealized -24.2%

CAMT Camtek, Ltd. 0.9%

Value ($000) $23,277 (+3.7%) Shares 218,880 (+2.5%) Est. Cost $38.45 Unrealized +192.1%

LYTS LSI Industries Inc. 0.1%

Value ($000) $3,177 (-20.5%) Shares 173,400 (+2.5%) Est. Cost $19.22 Unrealized +5.8%

UCTT Ultra Clean Holdings 0.6%

Value ($000) $15,920 (-4.7%) Shares 628,500 (+2.5%) Est. Cost $37.16 Unrealized -28.4%

XPRO Expro Group Holdings N.V. 0.2%

Value ($000) $5,958 (+15.2%) Shares 446,300 (+2.5%) Est. Cost $10.92 Unrealized +23.5%

— Rev Group, Inc. 0.3%

Value ($000) $8,380 (+9.9%) Shares 137,800 (+2.5%) Est. Cost $23.52 Unrealized —

— Pagaya Technologies Ltd. 0.2%

Value ($000) $6,387 (+13.2%) Shares 305,600 (+60.8%) Est. Cost $26.36 Unrealized —

COUR Coursera, Inc. 0.2%

Value ($000) $5,938 (-9.6%) Shares 806,800 (+43.8%) Est. Cost $10.21 Unrealized -14.7%

SHOP Shopify, Inc. 0.1%

Value ($000) $2,109 (+41.9%) Shares 13,100 (+31.0%) Est. Cost $141.49 Unrealized +13.5%

MRCY Mercury Systems, Inc. 1.1%

Value ($000) $30,229 (-2.0%) Shares 414,040 (+3.9%) Est. Cost $44.95 Unrealized +65.5%

RDVT Red Violet, Inc. 0.2%

Value ($000) $5,854 (+11.7%) Shares 102,800 (+2.5%) Est. Cost $38.86 Unrealized +39.6%

NIC Nicolet Bankshares, Inc. 0.3%

Value ($000) $7,484 (-7.6%) Shares 61,700 (+2.5%) Est. Cost $96.69 Unrealized +30.5%

LIND Lindblad Expeditions Holdings, 0.2%

Value ($000) $4,424 (+15.4%) Shares 306,800 (+2.5%) Est. Cost $11.32 Unrealized +11.4%

BVS Bioventus, Inc. 0.2%

Value ($000) $4,588 (+14.0%) Shares 616,614 (+2.5%) Est. Cost $7.13 Unrealized +0.9%

EVLV Evolv Technologies Holdings 0.3%

Value ($000) $7,718 (+7.8%) Shares 1,077,900 (+13.7%) Est. Cost $4.93 Unrealized +44.3%

LMAT LeMaitre Vascular, Inc. 0.3%

Value ($000) $9,432 (-5.3%) Shares 116,301 (+2.2%) Est. Cost $61.69 Unrealized +39.4%

RDWR Radware, Ltd. 0.2%

Value ($000) $6,781 (-6.8%) Shares 281,500 (+2.5%) Est. Cost $20.76 Unrealized +17.6%

NPKI NPK International, Inc. 0.2%

Value ($000) $6,064 (+8.0%) Shares 508,750 (+2.5%) Est. Cost $7.45 Unrealized +63.9%

LEVI Levi Strauss & Co. 0.8%

Value ($000) $20,613 (-2.1%) Shares 993,900 (+10.0%) Est. Cost $20.98 Unrealized +1.9%

LINC Lincoln EDL Svcs 0.3%

Value ($000) $7,465 (+5.3%) Shares 309,100 (+2.5%) Est. Cost $18.27 Unrealized +19.3%

— IBEX Ltd. 0.3%

Value ($000) $9,232 (-3.5%) Shares 241,800 (+2.5%) Est. Cost $26.40 Unrealized —

HQY HealthEquity Inc. 0.5%

Value ($000) $12,970 (-2.3%) Shares 141,580 (+1.1%) Est. Cost $83.16 Unrealized +15.1%

MTRX Matrix Service Co. 0.1%

Value ($000) $2,651 (-8.3%) Shares 226,575 (+2.5%) Est. Cost $11.31 Unrealized +11.1%

GRC The Gorman-Rupp Co. 0.2%

Value ($000) $4,450 (+5.5%) Shares 93,200 (+2.5%) Est. Cost $33.24 Unrealized +40.1%

AIOT Powerfleet, Inc. 0.2%

Value ($000) $5,827 (+4.0%) Shares 1,095,252 (+2.5%) Est. Cost $6.18 Unrealized -17.1%

CRMD CorMedix, Inc. 0.3%

Value ($000) $9,363 (+2.5%) Shares 805,115 (+2.5%) Est. Cost $11.02 Unrealized +0.3%

SRCE 1st Source Corp. 0.2%

Value ($000) $5,293 (+4.0%) Shares 84,700 (+2.4%) Est. Cost $47.83 Unrealized —

TILE Interface, Inc. 0.4%

Value ($000) $12,168 (-1.1%) Shares 435,800 (+2.5%) Est. Cost $18.30 Unrealized +48.9%

DCO Ducommun Inc. 0.3%

Value ($000) $9,332 (+1.4%) Shares 98,100 (+2.5%) Est. Cost $64.93 Unrealized +43.5%

CRAI CRA Int'l Inc. 0.3%

Value ($000) $7,179 (-1.4%) Shares 35,770 (+2.5%) Est. Cost $186.89 Unrealized +0.6%

AAPL Apple, Inc. 0.0%

Value ($000) $945 (+9.5%) Shares 3,476 (+2.6%) Est. Cost $117.23 Unrealized +128.9%

CAT Caterpillar, Inc. 0.0%

Value ($000) $256 (+26.1%) Shares 448 (+5.2%) Est. Cost $431.78 Unrealized +28.7%

OSW OneSpaWorld Holdings Limited 0.4%

Value ($000) $9,891 (+0.5%) Shares 476,890 (+2.5%) Est. Cost $13.00 Unrealized +60.9%

SIMO Silicon Motion Techn ADR 0.8%

Value ($000) $21,905 (+0.2%) Shares 236,300 (+2.5%) Est. Cost $71.85 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAOI	Applied Optoelectronics Inc.	2,039,641 (+8.0%)	$71,102 (+45.2%)	2.6%	$20.03	+49.1%	COM	03823U102
AMSC	American Superconductor	835,900 (+25.6%)	$24,057 (-39.2%)	0.9%	$17.05	+153.6%	COM	030111207
ATEC	Alphatec Hldgs Inc.	1,000,400 (+116.9%)	$21,048 (+213.9%)	0.8%	$16.39	+12.9%	COM	02081G201
AEO	American Eagle Outfitters	814,500 (+68.3%)	$21,478 (+159.4%)	0.8%	$16.00	+22.9%	COM	02553E106
SN	SharkNinja, Inc.	526,310 (+9.0%)	$58,894 (+18.3%)	2.2%	$69.38	+42.0%	COM	G8068L108
IRTC	Irhythm Holdings, Inc.	119,700 (+47.4%)	$21,240 (+52.1%)	0.8%	$144.66	+22.5%	COM	450056106
AMBA	Ambarella, Inc.	617,860 (+1.1%)	$43,769 (-13.2%)	1.6%	$64.65	+25.0%	COM	G037AX101
NYT	New York Times Co. Cl A	302,700 (+20.1%)	$21,013 (+45.3%)	0.8%	$57.55	+7.4%	COM	650111107
ICUI	ICU Medical, Inc.	168,040 (+12.7%)	$23,974 (+34.0%)	0.9%	$149.60	-10.5%	COM	44930G107
LASR	nLIGHT Inc.	356,400 (+34.0%)	$13,369 (+69.6%)	0.5%	$26.98	+23.8%	COM	65487K100
FCFS	FirstCash Holdings, Inc	131,300 (+34.3%)	$20,927 (+35.1%)	0.8%	$118.62	+32.4%	COM	33768G107
VISN	Vistance Networks, Inc.	960,912 (+21.5%)	$17,421 (+42.3%)	0.6%	$13.74	+25.6%	COM	20337X109
AXGN	AxoGen Inc.	336,200 (+2.5%)	$11,004 (+88.0%)	0.4%	$12.22	+101.2%	COM	05463X106
IMAX	Imax Corp.	652,300 (+12.5%)	$24,109 (+27.0%)	0.9%	$19.86	+75.6%	COM	45245E109
SKYW	Skywest Inc	382,220 (+15.5%)	$38,379 (+15.3%)	1.4%	$66.86	+49.8%	COM	830879102
SXT	Sensient Technologies Corp.	188,000 (+40.1%)	$17,663 (+40.2%)	0.6%	$105.11	-10.2%	COM	81725T100
WGS	Genedx Holdings Corp.	198,770 (+2.5%)	$25,852 (+23.7%)	0.9%	$48.07	+185.5%	COM	81663L200
GENI	Genius Sports Ltd.	1,585,900 (+56.2%)	$17,477 (+39.1%)	0.6%	$11.58	-5.8%	COM	G3934V109
URBN	Urban Outfitters, Inc.	286,400 (+22.2%)	$21,554 (+28.8%)	0.8%	$63.04	+12.2%	COM	917047102
MMSI	Merit Medical System Inc	268,760 (+15.8%)	$23,689 (+22.7%)	0.9%	$78.38	+8.6%	COM	589889104
LTH	Life Time Holdings, Inc.	1,059,300 (+22.3%)	$28,156 (+17.7%)	1.0%	$28.72	-9.4%	COM	53190C102
LQDA	Liquidia Corp.	329,200 (+2.5%)	$11,354 (+55.4%)	0.4%	$13.77	+106.7%	COM	53635D202
CECO	CECO Environmental Corp.	145,508 (+58.1%)	$8,709 (+84.9%)	0.3%	$46.43	+15.2%	COM	125141101
DAVE	Dave, Inc.	58,922 (+29.2%)	$13,046 (+43.4%)	0.5%	$191.68	+12.2%	COM	23834J201
BLBD	Blue Bird Corporation	382,638 (+2.5%)	$17,984 (-16.3%)	0.7%	$25.15	+107.9%	COM	095306106
CRDO	Credo Technology Group	675,388 (+4.9%)	$97,182 (+3.6%)	3.6%	$40.08	+283.7%	COM	G25457105
LIVN	LivaNova Plc	212,300 (+14.1%)	$13,063 (+34.1%)	0.5%	$51.18	+11.6%	COM	G5509L101
CPRX	Catalyst Pharmaceuticals, Inc.	586,970 (+11.1%)	$13,700 (+31.6%)	0.5%	$16.13	+38.1%	COM	14888U101
ATRC	Atricure, Inc.	217,992 (+42.0%)	$8,624 (+59.4%)	0.3%	$35.11	+4.4%	COM	04963C209
QLYS	Qualys, Inc.	107,800 (+28.3%)	$14,327 (+28.9%)	0.5%	$137.19	+0.3%	COM	74758T303
QTWO	Q2 Holdings, Inc.	336,860 (+15.3%)	$24,308 (+14.9%)	0.9%	$76.91	-10.7%	COM	74736L109
ETON	Eton Pharmaceuticals, Inc.	431,300 (+124.2%)	$7,293 (+74.5%)	0.3%	$17.15	+2.6%	COM	29772L108
RSI	Rush Street Interactive, Inc.	1,411,710 (+18.5%)	$27,430 (+12.4%)	1.0%	$9.43	+95.9%	COM	782011100
PEGA	Pegasystems Inc.	424,840 (+9.1%)	$25,371 (+13.3%)	0.9%	$45.42	+29.0%	COM	705573103
LSCC	Lattice Semiconductor Corporat	314,636 (+14.2%)	$23,151 (+14.6%)	0.8%	$73.35	—	COM	518415104
EYE	National Vision Holdings, Inc.	784,500 (+31.9%)	$20,256 (+16.6%)	0.7%	$19.43	+38.4%	COM	63845R107
MD	Pediatrix Medical Group, Inc.	559,987 (+2.6%)	$11,978 (+31.1%)	0.4%	$14.03	+46.0%	COM	58502B106
COCO	The Vita Coco Co., Inc.	233,400 (+2.2%)	$12,373 (+27.6%)	0.5%	$28.31	+65.7%	COM	92846Q107
BOOT	Boot Barn Hldgs, Inc.	53,800 (+27.8%)	$9,494 (+36.1%)	0.3%	$117.42	+58.9%	COM	099406100
BLZE	Backblaze, Inc.	552,023 (+2.5%)	$2,572 (-48.5%)	0.1%	$8.71	-21.3%	COM	05637B105
BBW	Build A Bear	134,100 (+46.4%)	$8,216 (+37.6%)	0.3%	$57.18	-5.1%	COM	120076104
ANIP	ANI Pharmaceuticals, Inc.	188,830 (+35.9%)	$14,906 (+17.2%)	0.5%	$68.03	+27.3%	COM	00182C103
FBK	FB Financial Corp.	159,200 (+28.9%)	$8,883 (+29.0%)	0.3%	$46.72	+19.0%	COM	30257X104
HWKN	Hawkins, Inc.	46,800 (+2.4%)	$6,648 (-20.4%)	0.2%	$63.31	+132.6%	COM	420261109
PDS	Precision Drilling Corp.	99,500 (+2.5%)	$7,152 (+30.7%)	0.3%	$54.33	+13.0%	COM	74022D407
AIR	AAR Corp.	272,700 (+15.3%)	$22,577 (+6.5%)	0.8%	$68.21	+21.3%	COM	000361105
TPB	Turning PT Brands, Inc.	103,500 (+2.5%)	$11,219 (+12.4%)	0.4%	$68.74	+42.3%	COM	90041L105
HURN	Huron Consulting Group, Inc.	41,500 (+2.5%)	$7,176 (+20.7%)	0.3%	$97.05	+68.7%	COM	447462102
ADPT	Adaptive Biotechnologies	744,500 (+2.5%)	$12,091 (+11.2%)	0.4%	$9.83	+66.0%	COM	00650F109
TPC	Tutor Perini Corp.	387,200 (+2.5%)	$25,950 (+4.7%)	0.9%	$26.43	+148.1%	COM	901109108
SKWD	Skyward Specialty Ins Group	237,500 (+2.5%)	$12,139 (+10.1%)	0.4%	$40.36	+19.1%	COM	830940102
KNSA	Kiniksa Pharmaceuticals, Ltd.	312,800 (+2.5%)	$12,903 (+8.9%)	0.5%	$24.80	+61.7%	COM	G52694109
POWL	Powell Industries Inc.	48,700 (+2.5%)	$15,525 (+7.2%)	0.6%	$163.20	+106.2%	COM	739128106
WEAV	Weave Communications, Inc.	999,080 (+1.3%)	$7,583 (+15.1%)	0.3%	$9.17	-27.6%	COM	94724R108
MHO	M/I Homes, Inc.	75,000 (+2.5%)	$9,596 (-9.2%)	0.4%	$104.87	+26.0%	COM	55305B101
CLMB	Climb Global Solutions, Inc.	51,960 (+59.9%)	$5,341 (+21.9%)	0.2%	$117.35	-1.2%	COM	946760105
AORT	Artivion, Inc	217,060 (+2.5%)	$9,900 (+10.4%)	0.4%	$18.22	+144.5%	COM	228903100
MGNI	Magnite, Inc.	635,800 (+23.7%)	$10,319 (-7.8%)	0.4%	$13.89	+19.5%	COM	55955D100
MBUU	Malibu Boats, Inc.	244,100 (+2.5%)	$6,886 (-10.9%)	0.3%	$38.26	-24.2%	COM	56117J100
CAMT	Camtek, Ltd.	218,880 (+2.5%)	$23,277 (+3.7%)	0.9%	$38.45	+192.1%	COM	M20791105
LYTS	LSI Industries Inc.	173,400 (+2.5%)	$3,177 (-20.5%)	0.1%	$19.22	+5.8%	COM	50216C108
UCTT	Ultra Clean Holdings	628,500 (+2.5%)	$15,920 (-4.7%)	0.6%	$37.16	-28.4%	COM	90385V107
XPRO	Expro Group Holdings N.V.	446,300 (+2.5%)	$5,958 (+15.2%)	0.2%	$10.92	+23.5%	COM	N3144W105
—	Rev Group, Inc.	137,800 (+2.5%)	$8,380 (+9.9%)	0.3%	$23.52	—	COM	749527107
—	Pagaya Technologies Ltd.	305,600 (+60.8%)	$6,387 (+13.2%)	0.2%	$26.36	—	COM	M7S64l123
COUR	Coursera, Inc.	806,800 (+43.8%)	$5,938 (-9.6%)	0.2%	$10.21	-14.7%	COM	22266M104
SHOP	Shopify, Inc.	13,100 (+31.0%)	$2,109 (+41.9%)	0.1%	$141.49	+13.5%	COM	82509L107
MRCY	Mercury Systems, Inc.	414,040 (+3.9%)	$30,229 (-2.0%)	1.1%	$44.95	+65.5%	COM	589378108
RDVT	Red Violet, Inc.	102,800 (+2.5%)	$5,854 (+11.7%)	0.2%	$38.86	+39.6%	COM	75704L104
NIC	Nicolet Bankshares, Inc.	61,700 (+2.5%)	$7,484 (-7.6%)	0.3%	$96.69	+30.5%	COM	65406E102
LIND	Lindblad Expeditions Holdings,	306,800 (+2.5%)	$4,424 (+15.4%)	0.2%	$11.32	+11.4%	COM	535219109
BVS	Bioventus, Inc.	616,614 (+2.5%)	$4,588 (+14.0%)	0.2%	$7.13	+0.9%	COM	09075A108
EVLV	Evolv Technologies Holdings	1,077,900 (+13.7%)	$7,718 (+7.8%)	0.3%	$4.93	+44.3%	COM	30049H102
LMAT	LeMaitre Vascular, Inc.	116,301 (+2.2%)	$9,432 (-5.3%)	0.3%	$61.69	+39.4%	COM	525558201
RDWR	Radware, Ltd.	281,500 (+2.5%)	$6,781 (-6.8%)	0.2%	$20.76	+17.6%	COM	M81873107
NPKI	NPK International, Inc.	508,750 (+2.5%)	$6,064 (+8.0%)	0.2%	$7.45	+63.9%	COM	651718504
LEVI	Levi Strauss & Co.	993,900 (+10.0%)	$20,613 (-2.1%)	0.8%	$20.98	+1.9%	COM	52736R102
LINC	Lincoln EDL Svcs	309,100 (+2.5%)	$7,465 (+5.3%)	0.3%	$18.27	+19.3%	COM	533535100
—	IBEX Ltd.	241,800 (+2.5%)	$9,232 (-3.5%)	0.3%	$26.40	—	COM	g4690m101
HQY	HealthEquity Inc.	141,580 (+1.1%)	$12,970 (-2.3%)	0.5%	$83.16	+15.1%	COM	42226A107
MTRX	Matrix Service Co.	226,575 (+2.5%)	$2,651 (-8.3%)	0.1%	$11.31	+11.1%	COM	576853105
GRC	The Gorman-Rupp Co.	93,200 (+2.5%)	$4,450 (+5.5%)	0.2%	$33.24	+40.1%	COM	383082104
AIOT	Powerfleet, Inc.	1,095,252 (+2.5%)	$5,827 (+4.0%)	0.2%	$6.18	-17.1%	COM	73931J109
CRMD	CorMedix, Inc.	805,115 (+2.5%)	$9,363 (+2.5%)	0.3%	$11.02	+0.3%	COM	21900C308
SRCE	1st Source Corp.	84,700 (+2.4%)	$5,293 (+4.0%)	0.2%	$47.83	—	COM	336901103
TILE	Interface, Inc.	435,800 (+2.5%)	$12,168 (-1.1%)	0.4%	$18.30	+48.9%	COM	458665304
DCO	Ducommun Inc.	98,100 (+2.5%)	$9,332 (+1.4%)	0.3%	$64.93	+43.5%	COM	264147109
CRAI	CRA Int'l Inc.	35,770 (+2.5%)	$7,179 (-1.4%)	0.3%	$186.89	+0.6%	COM	12618T105
AAPL	Apple, Inc.	3,476 (+2.6%)	$945 (+9.5%)	0.0%	$117.23	+128.9%	COM	037833100
CAT	Caterpillar, Inc.	448 (+5.2%)	$256 (+26.1%)	0.0%	$431.78	+28.7%	COM	149123101
OSW	OneSpaWorld Holdings Limited	476,890 (+2.5%)	$9,891 (+0.5%)	0.4%	$13.00	+60.9%	COM	P73684113
SIMO	Silicon Motion Techn ADR	236,300 (+2.5%)	$21,905 (+0.2%)	0.8%	$71.85	—	COM	82706C108

Exited Positions (25)

ADMA ADMA Biologics, Inc. 1.5%

Value ($000) $39,759 Shares 2,712,040 Est. Cost $8.89 Unrealized +89.6%

SRAD Sportradar Group 1.4%

Value ($000) $37,098 Shares 1,379,100 Est. Cost $20.45 Unrealized —

ITRI Itron Inc 1.3%

Value ($000) $35,394 Shares 284,150 Est. Cost $93.89 Unrealized +16.0%

LRN Stride, Inc. 1.0%

Value ($000) $27,077 Shares 181,800 Est. Cost $76.42 Unrealized +18.8%

QRVO Qorvo, Inc. 0.9%

Value ($000) $23,763 Shares 260,900 Est. Cost $76.13 Unrealized +15.9%

PSN Parsons Corp. 0.8%

Value ($000) $22,615 Shares 272,730 Est. Cost $69.89 Unrealized +12.0%

SFM Sprouts Farmers Markets LLC 0.6%

Value ($000) $15,830 Shares 145,500 Est. Cost $84.46 Unrealized +6.2%

BMI Badger Meter 0.5%

Value ($000) $12,967 Shares 72,610 Est. Cost $220.19 Unrealized -18.3%

CBSH Commerce Bancshares, Inc. 0.4%

Value ($000) $10,571 Shares 176,890 Est. Cost $55.71 Unrealized -6.5%

OSPN OneSpan, Inc. 0.4%

Value ($000) $10,177 Shares 640,450 Est. Cost $13.47 Unrealized +0.2%

VRNS Varonis Sys, Inc. 0.4%

Value ($000) $10,149 Shares 176,600 Est. Cost $50.94 Unrealized -17.6%

FIVN Five9, Inc. 0.4%

Value ($000) $9,598 Shares 396,600 Est. Cost $33.04 Unrealized -35.8%

NGVC Natural Grocers by Vitamin Cot 0.3%

Value ($000) $8,752 Shares 218,806 Est. Cost $33.21 Unrealized -4.0%

EXLS Exlservice Holdings 0.3%

Value ($000) $8,559 Shares 194,400 Est. Cost $31.72 Unrealized +28.9%

LMB Limbach Hldgs, Inc. 0.3%

Value ($000) $8,129 Shares 83,700 Est. Cost $38.91 Unrealized +111.5%

CLBT Cellebrite DI Ltd. 0.3%

Value ($000) $7,682 Shares 414,550 Est. Cost $11.35 Unrealized +58.3%

AOSL Alpha & Omega Semiconductor 0.3%

Value ($000) $7,580 Shares 271,100 Est. Cost $26.32 Unrealized -10.3%

IIIN Insteel Industries Inc. 0.2%

Value ($000) $5,089 Shares 132,732 Est. Cost $32.25 Unrealized -0.9%

AVPT AvePoint, Inc. 0.2%

Value ($000) $4,447 Shares 296,300 Est. Cost $6.67 Unrealized +107.0%

SE Sea Ltd 0.1%

Value ($000) $3,038 Shares 17,000 Est. Cost $143.55 Unrealized —

CDNS Cadence Design System, Inc. 0.1%

Value ($000) $2,599 Shares 7,400 Est. Cost $148.17 Unrealized +120.2%

SPOT Spotify Technology S.A. 0.1%

Value ($000) $1,954 Shares 2,800 Est. Cost $526.46 Unrealized +18.7%

PDD PDD Holdings Inc. ADR 0.0%

Value ($000) $925 Shares 7,000 Est. Cost $83.92 Unrealized —

HSAI Hesai Group 0.0%

Value ($000) $787 Shares 28,000 Est. Cost $13.82 Unrealized —

— Aris Water Solutions, Inc. 0.0%

Value ($000) $547 Shares 22,201 Est. Cost $15.51 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADMA	ADMA Biologics, Inc.	2,712,040	$39,759	1.5%	$8.89	+89.6%	—	000899104
SRAD	Sportradar Group	1,379,100	$37,098	1.4%	$20.45	—	—	H8088L103
ITRI	Itron Inc	284,150	$35,394	1.3%	$93.89	+16.0%	—	465741106
LRN	Stride, Inc.	181,800	$27,077	1.0%	$76.42	+18.8%	—	86333M108
QRVO	Qorvo, Inc.	260,900	$23,763	0.9%	$76.13	+15.9%	—	74736K101
PSN	Parsons Corp.	272,730	$22,615	0.8%	$69.89	+12.0%	—	70202L102
SFM	Sprouts Farmers Markets LLC	145,500	$15,830	0.6%	$84.46	+6.2%	—	85208M102
BMI	Badger Meter	72,610	$12,967	0.5%	$220.19	-18.3%	—	056525108
CBSH	Commerce Bancshares, Inc.	176,890	$10,571	0.4%	$55.71	-6.5%	—	200525103
OSPN	OneSpan, Inc.	640,450	$10,177	0.4%	$13.47	+0.2%	—	68287N100
VRNS	Varonis Sys, Inc.	176,600	$10,149	0.4%	$50.94	-17.6%	—	922280102
FIVN	Five9, Inc.	396,600	$9,598	0.4%	$33.04	-35.8%	—	338307101
NGVC	Natural Grocers by Vitamin Cot	218,806	$8,752	0.3%	$33.21	-4.0%	—	63888U108
EXLS	Exlservice Holdings	194,400	$8,559	0.3%	$31.72	+28.9%	—	302081104
LMB	Limbach Hldgs, Inc.	83,700	$8,129	0.3%	$38.91	+111.5%	—	53263P105
CLBT	Cellebrite DI Ltd.	414,550	$7,682	0.3%	$11.35	+58.3%	—	M2197Q107
AOSL	Alpha & Omega Semiconductor	271,100	$7,580	0.3%	$26.32	-10.3%	—	G6331P104
IIIN	Insteel Industries Inc.	132,732	$5,089	0.2%	$32.25	-0.9%	—	45774W108
AVPT	AvePoint, Inc.	296,300	$4,447	0.2%	$6.67	+107.0%	—	053604104
SE	Sea Ltd	17,000	$3,038	0.1%	$143.55	—	—	81141R100
CDNS	Cadence Design System, Inc.	7,400	$2,599	0.1%	$148.17	+120.2%	—	127387108
SPOT	Spotify Technology S.A.	2,800	$1,954	0.1%	$526.46	+18.7%	—	L8681T102
PDD	PDD Holdings Inc. ADR	7,000	$925	0.0%	$83.92	—	—	722304102
HSAI	Hesai Group	28,000	$787	0.0%	$13.82	—	—	428050108
—	Aris Water Solutions, Inc.	22,201	$547	0.0%	$15.51	—	—	04041L106

Decreased Positions (19)

LITE Lumentum Hldgs, Inc. 3.8%

Value ($000) $103,548 (+93.7%) Shares 280,930 (-14.5%) Est. Cost $80.70 Unrealized +218.2%

RMBS Rambus, Inc 1.6%

Value ($000) $42,462 (-19.8%) Shares 462,100 (-9.0%) Est. Cost $52.47 Unrealized +87.5%

CVLT Commvault Systems, Inc. 0.5%

Value ($000) $13,902 (-42.7%) Shares 110,900 (-13.8%) Est. Cost $165.77 Unrealized -15.1%

PRIM Primoris Services Corp. 0.7%

Value ($000) $20,272 (-23.3%) Shares 163,300 (-15.1%) Est. Cost $37.98 Unrealized +243.8%

AGX Argan, Inc 0.4%

Value ($000) $10,331 (-36.8%) Shares 32,971 (-45.6%) Est. Cost $97.59 Unrealized +224.7%

FN Fabrinet 0.4%

Value ($000) $11,473 (-31.4%) Shares 25,200 (-45.1%) Est. Cost $206.66 Unrealized +110.5%

DIOD Diodes, Inc. 0.3%

Value ($000) $7,495 (-35.6%) Shares 151,900 (-30.5%) Est. Cost $43.97 Unrealized +15.1%

AEIS Advanced Energy Industry, Inc. 0.3%

Value ($000) $8,312 (-29.9%) Shares 39,700 (-43.0%) Est. Cost $109.97 Unrealized +85.0%

GDOT Green Dot Corp. Cl A 0.4%

Value ($000) $9,800 (-24.8%) Shares 765,000 (-21.2%) Est. Cost $12.34 Unrealized +0.7%

IDCC Interdigital, Inc. 0.3%

Value ($000) $9,010 (-23.5%) Shares 28,300 (-17.0%) Est. Cost $201.65 Unrealized +75.3%

VSEC VSE Corp. 0.2%

Value ($000) $5,771 (-22.2%) Shares 33,400 (-25.1%) Est. Cost $60.66 Unrealized +181.8%

EZPW EZCorp, Inc. 0.4%

Value ($000) $12,194 (-6.6%) Shares 627,900 (-8.4%) Est. Cost $8.38 Unrealized +125.0%

SPY SPDR S&P 500 ETF Trust 0.1%

Value ($000) $1,401 (-3.2%) Shares 2,055 (-5.4%) Est. Cost $206.80 Unrealized —

NEM Newmont Mining 0.0%

Value ($000) $287 (+7.3%) Shares 2,873 (-9.4%) Est. Cost $52.90 Unrealized +70.5%

BK Bank of New York Mellon Corp. 0.0%

Value ($000) $296 (+4.3%) Shares 2,553 (-2.1%) Est. Cost $63.85 Unrealized +73.1%

TRV The Travelers Co., Inc. 0.0%

Value ($000) $459 (-1.7%) Shares 1,581 (-5.3%) Est. Cost $66.10 Unrealized +324.5%

MA Mastercard, Inc. 0.0%

Value ($000) $378 (-1.1%) Shares 662 (-1.3%) Est. Cost $76.44 Unrealized +631.2%

JPM JP Morgan Chase & Company Inc. 0.0%

Value ($000) $983 (-0.1%) Shares 3,052 (-2.2%) Est. Cost $38.30 Unrealized +708.1%

WMT Wal Mart Stores Inc. 0.0%

Value ($000) $244 (+0.3%) Shares 2,187 (-7.2%) Est. Cost $61.97 Unrealized +73.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LITE	Lumentum Hldgs, Inc.	280,930 (-14.5%)	$103,548 (+93.7%)	3.8%	$80.70	+218.2%	COM	55024U109
RMBS	Rambus, Inc	462,100 (-9.0%)	$42,462 (-19.8%)	1.6%	$52.47	+87.5%	COM	750917106
CVLT	Commvault Systems, Inc.	110,900 (-13.8%)	$13,902 (-42.7%)	0.5%	$165.77	-15.1%	COM	204166102
PRIM	Primoris Services Corp.	163,300 (-15.1%)	$20,272 (-23.3%)	0.7%	$37.98	+243.8%	COM	74164F103
AGX	Argan, Inc	32,971 (-45.6%)	$10,331 (-36.8%)	0.4%	$97.59	+224.7%	COM	04010E109
FN	Fabrinet	25,200 (-45.1%)	$11,473 (-31.4%)	0.4%	$206.66	+110.5%	COM	G3323L100
DIOD	Diodes, Inc.	151,900 (-30.5%)	$7,495 (-35.6%)	0.3%	$43.97	+15.1%	COM	254543101
AEIS	Advanced Energy Industry, Inc.	39,700 (-43.0%)	$8,312 (-29.9%)	0.3%	$109.97	+85.0%	COM	007973100
GDOT	Green Dot Corp. Cl A	765,000 (-21.2%)	$9,800 (-24.8%)	0.4%	$12.34	+0.7%	COM	39304D102
IDCC	Interdigital, Inc.	28,300 (-17.0%)	$9,010 (-23.5%)	0.3%	$201.65	+75.3%	COM	45867G101
VSEC	VSE Corp.	33,400 (-25.1%)	$5,771 (-22.2%)	0.2%	$60.66	+181.8%	COM	918284100
EZPW	EZCorp, Inc.	627,900 (-8.4%)	$12,194 (-6.6%)	0.4%	$8.38	+125.0%	COM	302301106
SPY	SPDR S&P 500 ETF Trust	2,055 (-5.4%)	$1,401 (-3.2%)	0.1%	$206.80	—	ETF	78462F103
NEM	Newmont Mining	2,873 (-9.4%)	$287 (+7.3%)	0.0%	$52.90	+70.5%	COM	651639106
BK	Bank of New York Mellon Corp.	2,553 (-2.1%)	$296 (+4.3%)	0.0%	$63.85	+73.1%	COM	064058100
TRV	The Travelers Co., Inc.	1,581 (-5.3%)	$459 (-1.7%)	0.0%	$66.10	+324.5%	COM	89417E109
MA	Mastercard, Inc.	662 (-1.3%)	$378 (-1.1%)	0.0%	$76.44	+631.2%	COM	57636Q104
JPM	JP Morgan Chase & Company Inc.	3,052 (-2.2%)	$983 (-0.1%)	0.0%	$38.30	+708.1%	COM	46625H100
WMT	Wal Mart Stores Inc.	2,187 (-7.2%)	$244 (+0.3%)	0.0%	$61.97	+73.0%	COM	931142103

Unchanged Positions (47)

DOCN Digital Ocean Holdings, Inc. 1.4%

Value ($000) $37,477 Shares 778,830 Est. Cost $35.28 Unrealized +24.8%

MTSI Macom Technology Solutions 1.1%

Value ($000) $30,652 Shares 178,960 Est. Cost $111.06 Unrealized +42.9%

EHC Encompass Health Corporation 1.4%

Value ($000) $38,101 Shares 358,971 Est. Cost $76.28 Unrealized +51.7%

BTSG BrightSpring Health Services 1.2%

Value ($000) $34,005 Shares 908,000 Est. Cost $21.21 Unrealized +58.1%

FLS Flowserve Corporation 1.0%

Value ($000) $28,442 Shares 409,941 Est. Cost $42.82 Unrealized +49.7%

FTDR Frontdoor, Inc. 1.3%

Value ($000) $35,241 Shares 610,860 Est. Cost $40.60 Unrealized +44.9%

VCYT Veracyte, Inc. 1.1%

Value ($000) $30,596 Shares 726,740 Est. Cost $25.59 Unrealized +57.5%

CRS Carpenter Technology Corp. 1.0%

Value ($000) $26,009 Shares 82,611 Est. Cost $82.65 Unrealized +263.7%

SITM SiTime Corporation 1.4%

Value ($000) $37,578 Shares 106,396 Est. Cost $196.52 Unrealized +59.2%

LOPE Grand Canyon Education, Inc. 0.6%

Value ($000) $16,598 Shares 99,800 Est. Cost $148.29 Unrealized +22.0%

WAY Waystar Holding Corp. 1.0%

Value ($000) $27,530 Shares 840,600 Est. Cost $36.82 Unrealized -3.3%

BROS Dutch Bros., Inc. 0.9%

Value ($000) $24,763 Shares 404,500 Est. Cost $47.84 Unrealized +18.8%

ACA Arcosa, Inc. 0.9%

Value ($000) $23,561 Shares 221,600 Est. Cost $98.86 Unrealized +2.1%

G Genpact Ltd. 0.9%

Value ($000) $24,401 Shares 521,602 Est. Cost $39.47 Unrealized +9.6%

RELY Remitly Global, Inc. 0.5%

Value ($000) $13,839 Shares 1,002,800 Est. Cost $19.64 Unrealized -26.0%

SEI Solaris Energy Infrastructur 0.6%

Value ($000) $16,866 Shares 366,900 Est. Cost $27.24 Unrealized +77.3%

AIZ Assurant, Inc. 0.7%

Value ($000) $19,991 Shares 83,000 Est. Cost $170.14 Unrealized +31.0%

FSS Federal Signal Corp. 0.7%

Value ($000) $18,080 Shares 166,500 Est. Cost $69.91 Unrealized +63.6%

ACIW ACI Worldwide Inc. 0.6%

Value ($000) $15,811 Shares 330,702 Est. Cost $40.55 Unrealized +19.7%

BOX Box, Inc. 0.7%

Value ($000) $19,511 Shares 652,320 Est. Cost $29.88 Unrealized +5.0%

SPXC SPX Technologies, Inc. 0.6%

Value ($000) $15,385 Shares 76,900 Est. Cost $100.54 Unrealized —

NVMI Nova Ltd. 1.4%

Value ($000) $37,202 Shares 113,285 Est. Cost $204.05 Unrealized +57.6%

FRSH Freshworks, Inc. 0.9%

Value ($000) $25,167 Shares 2,054,470 Est. Cost $15.36 Unrealized -23.1%

ADUS Addus Homecare Corp. 0.3%

Value ($000) $8,398 Shares 78,200 Est. Cost $110.36 Unrealized +4.1%

MGY Magnolia Oil & Gas Corp. 0.3%

Value ($000) $8,237 Shares 376,300 Est. Cost $23.50 Unrealized -3.2%

PI Impinj, Inc. 0.7%

Value ($000) $18,640 Shares 107,120 Est. Cost $157.69 Unrealized +13.0%

HALO Halozyme Therapeutics, Inc. 0.3%

Value ($000) $7,913 Shares 117,580 Est. Cost $56.90 Unrealized +18.2%

MTDR Matador Resources Company 0.4%

Value ($000) $10,776 Shares 253,900 Est. Cost $53.93 Unrealized -22.1%

OSIS Osi Systems, Inc. 0.9%

Value ($000) $25,863 Shares 101,400 Est. Cost $142.79 Unrealized +82.9%

CARG CarGurus, Inc. 0.7%

Value ($000) $19,881 Shares 518,400 Est. Cost $34.19 Unrealized +5.4%

ZETA Zeta Global Holdings Corp. 0.6%

Value ($000) $15,609 Shares 767,020 Est. Cost $12.41 Unrealized +50.6%

LFUS Littelfuse, Inc. 0.6%

Value ($000) $15,757 Shares 62,300 Est. Cost $250.43 Unrealized +1.7%

CLH Clean Harbors, Inc. 1.0%

Value ($000) $27,404 Shares 116,870 Est. Cost $163.01 Unrealized +40.2%

ABCB Ameris Bancorp 0.4%

Value ($000) $11,616 Shares 156,400 Est. Cost $58.32 Unrealized +27.3%

ZWS Zurn Elkay Water Solutions Cor 0.5%

Value ($000) $12,366 Shares 266,000 Est. Cost $42.93 Unrealized +8.9%

— Alphabet, Inc. Cl A 0.0%

Value ($000) $595 Shares 1,900 Est. Cost $154.64 Unrealized —

— Alphabet, Inc. Cl C 0.0%

Value ($000) $508 Shares 1,620 Est. Cost $156.23 Unrealized —

FUTU Futu Holdings Ltd. 0.1%

Value ($000) $1,806 Shares 11,000 Est. Cost $98.53 Unrealized —

MSFT Microsoft Corp. 0.0%

Value ($000) $1,289 Shares 2,665 Est. Cost $45.95 Unrealized +989.3%

ECG Everus Construction Group 0.8%

Value ($000) $22,228 Shares 259,800 Est. Cost $53.32 Unrealized +67.8%

RMD Resmed Inc. 0.0%

Value ($000) $349 Shares 1,450 Est. Cost $104.52 Unrealized +144.4%

AMGN Amgen, Inc. 0.0%

Value ($000) $339 Shares 1,035 Est. Cost $75.38 Unrealized +319.1%

JNJ Johnson & Johnson 0.0%

Value ($000) $424 Shares 2,050 Est. Cost $79.32 Unrealized +148.4%

FRME First Merchants Corporation 0.3%

Value ($000) $7,346 Shares 196,000 Est. Cost $34.44 Unrealized +6.8%

AFL Aflac Inc. 0.0%

Value ($000) $221 Shares 2,000 Est. Cost $98.75 Unrealized +11.2%

MCD McDonald's Corporation 0.0%

Value ($000) $261 Shares 853 Est. Cost $245.25 Unrealized +24.4%

— Xenacare Hldgs, Inc. 0.0%

Value ($000) $0 Shares 140,000 Est. Cost $0.01 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DOCN	Digital Ocean Holdings, Inc.	778,830	$37,477	1.4%	$35.28	+24.8%	COM	25402D102
MTSI	Macom Technology Solutions	178,960	$30,652	1.1%	$111.06	+42.9%	COM	55405Y100
EHC	Encompass Health Corporation	358,971	$38,101	1.4%	$76.28	+51.7%	COM	29261A100
BTSG	BrightSpring Health Services	908,000	$34,005	1.2%	$21.21	+58.1%	COM	10950A106
FLS	Flowserve Corporation	409,941	$28,442	1.0%	$42.82	+49.7%	COM	34354P105
FTDR	Frontdoor, Inc.	610,860	$35,241	1.3%	$40.60	+44.9%	COM	35905A109
VCYT	Veracyte, Inc.	726,740	$30,596	1.1%	$25.59	+57.5%	COM	92337F107
CRS	Carpenter Technology Corp.	82,611	$26,009	1.0%	$82.65	+263.7%	COM	144285103
SITM	SiTime Corporation	106,396	$37,578	1.4%	$196.52	+59.2%	COM	82982T106
LOPE	Grand Canyon Education, Inc.	99,800	$16,598	0.6%	$148.29	+22.0%	COM	38526M106
WAY	Waystar Holding Corp.	840,600	$27,530	1.0%	$36.82	-3.3%	COM	946784105
BROS	Dutch Bros., Inc.	404,500	$24,763	0.9%	$47.84	+18.8%	COM	26701L100
ACA	Arcosa, Inc.	221,600	$23,561	0.9%	$98.86	+2.1%	COM	039653100
G	Genpact Ltd.	521,602	$24,401	0.9%	$39.47	+9.6%	COM	G3922B107
RELY	Remitly Global, Inc.	1,002,800	$13,839	0.5%	$19.64	-26.0%	COM	75960P104
SEI	Solaris Energy Infrastructur	366,900	$16,866	0.6%	$27.24	+77.3%	COM	83418M103
AIZ	Assurant, Inc.	83,000	$19,991	0.7%	$170.14	+31.0%	COM	04621X108
FSS	Federal Signal Corp.	166,500	$18,080	0.7%	$69.91	+63.6%	COM	313855108
ACIW	ACI Worldwide Inc.	330,702	$15,811	0.6%	$40.55	+19.7%	COM	004498101
BOX	Box, Inc.	652,320	$19,511	0.7%	$29.88	+5.0%	COM	10316T104
SPXC	SPX Technologies, Inc.	76,900	$15,385	0.6%	$100.54	—	COM	78473E103
NVMI	Nova Ltd.	113,285	$37,202	1.4%	$204.05	+57.6%	COM	M7516K103
FRSH	Freshworks, Inc.	2,054,470	$25,167	0.9%	$15.36	-23.1%	COM	358054104
ADUS	Addus Homecare Corp.	78,200	$8,398	0.3%	$110.36	+4.1%	COM	006739106
MGY	Magnolia Oil & Gas Corp.	376,300	$8,237	0.3%	$23.50	-3.2%	COM	559663109
PI	Impinj, Inc.	107,120	$18,640	0.7%	$157.69	+13.0%	COM	453204109
HALO	Halozyme Therapeutics, Inc.	117,580	$7,913	0.3%	$56.90	+18.2%	COM	40637H109
MTDR	Matador Resources Company	253,900	$10,776	0.4%	$53.93	-22.1%	COM	576485205
OSIS	Osi Systems, Inc.	101,400	$25,863	0.9%	$142.79	+82.9%	COM	671044105
CARG	CarGurus, Inc.	518,400	$19,881	0.7%	$34.19	+5.4%	COM	141788109
ZETA	Zeta Global Holdings Corp.	767,020	$15,609	0.6%	$12.41	+50.6%	COM	98956A105
LFUS	Littelfuse, Inc.	62,300	$15,757	0.6%	$250.43	+1.7%	COM	537008104
CLH	Clean Harbors, Inc.	116,870	$27,404	1.0%	$163.01	+40.2%	COM	184496107
ABCB	Ameris Bancorp	156,400	$11,616	0.4%	$58.32	+27.3%	COM	03076K108
ZWS	Zurn Elkay Water Solutions Cor	266,000	$12,366	0.5%	$42.93	+8.9%	COM	98983L108
—	Alphabet, Inc. Cl A	1,900	$595	0.0%	$154.64	—	COM	02079k305
—	Alphabet, Inc. Cl C	1,620	$508	0.0%	$156.23	—	COM	02079k107
FUTU	Futu Holdings Ltd.	11,000	$1,806	0.1%	$98.53	—	COM	36118L106
MSFT	Microsoft Corp.	2,665	$1,289	0.0%	$45.95	+989.3%	COM	594918104
ECG	Everus Construction Group	259,800	$22,228	0.8%	$53.32	+67.8%	COM	300426103
RMD	Resmed Inc.	1,450	$349	0.0%	$104.52	+144.4%	COM	761152107
AMGN	Amgen, Inc.	1,035	$339	0.0%	$75.38	+319.1%	COM	031162100
JNJ	Johnson & Johnson	2,050	$424	0.0%	$79.32	+148.4%	COM	478160104
FRME	First Merchants Corporation	196,000	$7,346	0.3%	$34.44	+6.8%	COM	320817109
AFL	Aflac Inc.	2,000	$221	0.0%	$98.75	+11.2%	COM	001055102
MCD	McDonald's Corporation	853	$261	0.0%	$245.25	+24.4%	COM	580135101
—	Xenacare Hldgs, Inc.	140,000	$0	0.0%	$0.01	—	COM	98401A106