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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | Customers Bancorp | $18.2M | 261743 | 6.09% |
| 2 | Aviat Networks | $15.5M | 684326 | 5.18% |
| 3 | Enova International | $15.4M | 113020 | 5.14% |
| 4 | El Pollo Loco Holdings | $14.7M | 1057482 | 4.91% |
| 5 | American Coastal Insurance | $14.3M | 1273455 | 4.80% |
| 6 | ADTRAN Holdings | $13.0M | 1035167 | 4.36% |
| 7 | NPK International | $12.1M | 835920 | 4.06% |
| 8 | VAALCO Energy | $11.9M | 1882740 | 4.00% |
| 9 | NB Bancorp | $11.7M | 553570 | 3.91% |
| 10 | Texas Capital Bancshrs | $11.2M | 117550 | 3.74% |
| 11 | Geospace Technologies | $11.1M | 912118 | 3.73% |
| 12 | Climb Global Solutions | $10.7M | 538131 | 3.57% |
| 13 | Vishay Precision Group | $10.4M | 239222 | 3.48% |
| 14 | Regional Management | $10.3M | 320224 | 3.46% |
| 15 | Core Molding Tech | $10.3M | 459890 | 3.45% |
| 16 | Myers Industries | $10.0M | 471260 | 3.34% |
| 17 | DHI Group | $9.5M | 3374765 | 3.18% |
| 18 | Resources Connection | $9.1M | 2452930 | 3.06% |
| 19 | Niagen Bioscience | $8.9M | 2029155 | 3.00% |
| 20 | Medallion Financial | $8.8M | 1032304 | 2.96% |
| 21 | Harmony Biosciences | $8.7M | 311496 | 2.92% |
| 22 | MGP Ingredients | $7.9M | 426950 | 2.63% |
| 23 | Barrett Business Services | $7.7M | 263765 | 2.58% |
| 24 | SM Energy Company | $5.9M | 189263 | 1.98% |
| 25 | Zumiez Inc | $5.8M | 260463 | 1.93% |
| 26 | First Western Financial | $4.7M | 190094 | 1.57% |
| 27 | BGSF Inc | $4.1M | 631037 | 1.37% |
| 28 | Fluent Inc | $3.7M | 1173092 | 1.24% |
| 29 | Forrester Research | $3.2M | 559041 | 1.06% |
| 30 | Duluth Holdings | $2.4M | 747098 | 0.79% |
| 31 | Orion Energy Systems | $2.3M | 266476 | 0.78% |
| 32 | Key Tronic Corp | $2.1M | 758695 | 0.69% |
| 33 | Eastern Company | $1.5M | 75954 | 0.51% |
| 34 | Stabilis Solutions | $1.0M | 224513 | 0.34% |
| 35 | Primoris Services Corp | $624K | 4365 | 0.21% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.