The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADTRAN Holdings COM 00486H105   2,378 149,919 SH   SOLE   149,919 0 0
BM Technologies COM 05591L107   1,804 512,596 SH   SOLE   512,596 0 0
Barrett Business Services COM 068463108   4,026 45,421 SH   SOLE   45,421 0 0
CECO Environmental COM 125141101   8,579 613,259 SH   SOLE   613,259 0 0
ChromaDex Corp COM 171077407   3,900 2,548,710 SH   SOLE   2,548,710 0 0
Civitas Resources COM 17888H103   11,462 167,727 SH   SOLE   167,727 0 0
Customers Bancorp COM 23204G100   3,848 207,750 SH   SOLE   207,750 0 0
DHI Group COM 23331S100   5,222 1,345,914 SH   SOLE   1,345,914 0 0
Duluth Holdings Inc COM 26443V101   4,085 640,335 SH   SOLE   640,335 0 0
Enova International COM 29357K103   9,015 202,902 SH   SOLE   202,902 0 0
First Western Financial COM 33751L105   3,138 158,501 SH   SOLE   158,501 0 0
Fluent Inc COM 34380C102   3,810 4,646,509 SH   SOLE   4,646,509 0 0
Geospace Technologies COM 37364X109   5,415 768,068 SH   SOLE   768,068 0 0
Guess Inc COM 401617105   4,911 252,356 SH   SOLE   252,356 0 0
Key Tronic Corp COM 493144109   4,800 660,245 SH   SOLE   660,245 0 0
Medallion Financial COM 583928106   6,551 854,105 SH   SOLE   854,105 0 0
Motorcar Parts of America COM 620071100   4,314 579,864 SH   SOLE   579,864 0 0
NMI Holdings COM 629209305   5,215 233,564 SH   SOLE   233,564 0 0
Nature's Sunshine Products COM 639027101   1,086 106,342 SH   SOLE   106,342 0 0
Newpark Resources COM 651718504   2,290 594,720 SH   SOLE   594,720 0 0
Orion Energy Systems COM 686275108   4,464 2,198,891 SH   SOLE   2,198,891 0 0
Primoris Services Corp COM 74164F103   6,109 247,745 SH   SOLE   247,745 0 0
Regional Management COM 75902K106   2,880 110,390 SH   SOLE   110,390 0 0
Stabilis Solutions COM 85236P101   630 172,409 SH   SOLE   172,409 0 0
TESSCO Technologies COM 872386107   2,172 452,549 SH   SOLE   452,549 0 0
Texas Capital Bancshrs COM 88224Q107   4,766 97,350 SH   SOLE   97,350 0 0
United Insurance Hldgs COM 910710102   6,561 2,326,445 SH   SOLE   2,326,445 0 0
VAALCO Energy COM 91851C201   7,076 1,562,119 SH   SOLE   1,562,119 0 0
Veritex Holdings COM 923451108   2,597 142,227 SH   SOLE   142,227 0 0
Vishay Precision Group COM 92835K103   4,291 102,746 SH   SOLE   102,746 0 0
Zumiez Inc COM 989817101   3,024 163,975 SH   SOLE   163,975 0 0