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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hours per response: 23.8
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
ARMSTRONG WORLD INDS INC. COM 04247X102   67,085 913,215 SH   SOLE   562,026 0 351,189
ATS CORPORATION COM ADDED 00217Y104   8,679 188,526 SH   SOLE   188,526 0 0
AVANTAX INC. COM 095229100   49,182 2,197,578 SH   SOLE   1,332,855 0 864,723
BANK OZK COM 06417N103   69,084 1,720,225 SH   SOLE   1,060,748 0 659,477
BIO-TECHNE CORP COM 09073M104   1,568 19,205 SH   SOLE   19,205 0 0
BLACKBAUD INC. COM 09227Q100   52,408 736,277 SH   SOLE   445,933 0 290,344
BOK FINANCIAL CORPORATION COM NEW 05561Q201   1,284 15,893 SH   SOLE   15,893 0 0
BRADY CORP CL A CL A 104674106   50,103 1,053,257 SH   SOLE   638,234 0 415,023
BRUNSWICK CORP. COM 117043109   62,025 715,892 SH   SOLE   441,028 0 274,864
CANADA GOOSE HOLDINGS INC. SHS SUB VTG 135086106   6,226 349,608 SH   SOLE   349,608 0 0
CERENCE INC. COM 156727109   57,300 1,960,323 SH   SOLE   1,205,676 0 754,647
CHARLES RIVER LABORATORIES COM 159864107   39,659 188,628 SH   SOLE   117,524 0 71,104
CHEMED CORP. COM 16359R103   59,540 109,920 SH   SOLE   67,749 0 42,171
COLLIERS INTERNATIONAL GROUP INC. SUB VTG SHS 194693107   12,177 124,018 SH   SOLE   124,018 0 0
DADA NEXUS LTD. ADR ADS 23344D108   727 136,881 SH   SOLE   136,881 0 0
DIGITALOCEAN HLDGS INC. COM 25402D102   45,876 1,142,901 SH   SOLE   705,437 0 437,464
DOUBLEVERIFY HOLDINGS INC. COM 25862V105   76,355 1,961,839 SH   SOLE   1,209,315 0 752,524
ENSIGN GROUP INC. COM 29358P101   83,961 879,541 SH   SOLE   541,474 0 338,067
ENVESTNET INC. COM 29404K106   78,550 1,323,508 SH   SOLE   812,024 0 511,484
EURONET WORLDWIDE INC. COM 298736109   84,503 719,973 SH   SOLE   442,058 0 277,915
FEDERAL SIGNAL CORP. COM 313855108   83,747 1,307,933 SH   SOLE   806,273 0 501,660
FOX FACTORY HOLDING CORP. COM 35138V102   65,015 599,160 SH   SOLE   368,588 0 230,572
FTI CONSULTING INC. COM 302941109   52,917 278,217 SH   SOLE   168,705 0 109,512
GENTHERM INC. COM 37253A103   59,851 1,059,122 SH   SOLE   651,463 0 407,659
GLOBUS MEDICAL INC. CL A 379577208   69,908 1,174,135 SH   SOLE   722,336 0 451,799
GODADDY INC. CL A 380237107   1,337 17,800 SH   SOLE   17,800 0 0
GRAND CANYON EDUCATION INC. COM 38526M106   80,445 779,426 SH   SOLE   478,892 0 300,534
GROCERY OUTLET HLDG CORP. COM 39874R101   45,143 1,474,794 SH   SOLE   910,380 0 564,414
HAMILTON LANE INC. CL A 407497106   78,767 984,833 SH   SOLE   607,367 0 377,466
HEALTHEQUITY INC. COM 42226A107   62,549 990,646 SH   SOLE   600,433 0 390,213
HOULIHAN LOKEY INC. CL A 441593100   72,103 733,427 SH   SOLE   452,056 0 281,371
InMODE LTD. SHS M5425M103   128 3,423 SH   SOLE   3,423 0 0
INSTALLED BLDG PRODS INC. COM 45780R101   64,526 460,371 SH   SOLE   284,089 0 176,282
IPG PHOTONICS CORP. COM 44980X109   1,672 12,313 SH   SOLE   12,313 0 0
IRIDIUM COMMUNICATIONS INC. COM 46269C102   81,221 1,307,493 SH   SOLE   805,299 0 502,194
ISHARES TR MSCI CHINA ETF MSCI CHINA ETF 46429B671   27 600 SH   SOLE   600 0 0
KULICKE & SOFFA INDUSTRIES ADR COM 501242101   1,357 22,819 SH   SOLE   22,819 0 0
LAUREATE EDUCATION INC. COMMON STOCK 518613203   79,724 6,594,201 SH   SOLE   4,056,209 0 2,537,992
MARKETAXESS HOLDINGS INC. COM 57060D108   36,752 140,587 SH   SOLE   86,647 0 53,940
MARRIOTT VACATIONS WORLDWIDE CORP. COM 57164Y107   56,076 456,941 SH   SOLE   281,043 0 175,898
MAXIMUS INC. COM 577933104   77,702 919,442 SH   SOLE   565,227 0 354,215
NMI HOLDINGS INC. CL A CL A 629209305   65,162 2,523,698 SH   SOLE   1,530,222 0 993,476
ORMAT TECHNOLOGIES INC. COM 686688102   63,145 784,802 SH   SOLE   482,858 0 301,944
PENNANT GROUP INC. COM 70805E109   1,487 121,056 SH   SOLE   121,056 0 0
PRIMORIS SERVICES CORP. COM 74164F103   61,145 2,006,734 SH   SOLE   1,215,454 0 791,280
PTC INC. COM 69370C100   1,666 11,708 SH   SOLE   11,708 0 0
QUALYS INC. COM 74758T303   60,120 465,431 SH   SOLE   287,067 0 178,364
RLI CORP. COM 749607107   60,883 446,127 SH   SOLE   275,884 0 170,243
SHAKE SHACK INC. CL A CL A 819047101   68,191 877,392 SH   SOLE   540,117 0 337,275
SILICON LABORATORIES INC. COM 826919102   66,329 420,493 SH   SOLE   259,500 0 160,993
SOTERA HEALTH CO. COM 83601L102   1,255 66,609 SH   SOLE   66,609 0 0
STANTEC INC. COM 85472N109   7,673 117,453 SH   SOLE   117,453 0 0
STONEX GROUP INC. COM 861896108   76,025 915,084 SH   SOLE   560,757 0 354,327
TEMPUR SEALY INTERNATIONAL INC. COM 88023U101   59,909 1,495,120 SH   SOLE   905,528 0 589,592
TRACTOR SUPPLY COMPANY COM 892356106   1,705 7,710 SH   SOLE   7,710 0 0
TUCOWS INC. COM NEW 898697206   7,400 267,779 SH   SOLE   267,779 0 0
UNIVERSAL HEALTH SERVICES CL B 913903100   35,672 226,099 SH   SOLE   136,959 0 89,140
VICTORY CAP HLDGS INC. COM CL A COM CL A 92645B103   48,052 1,523,516 SH   SOLE   945,015 0 578,501
VIPSHOP HOLDINGS LIMITED ADR SPONSORED ADS A 92763W103   858 52,011 SH   SOLE   52,011 0 0
VIRTU FINANCIAL CL A 928254101   28,475 1,666,192 SH   SOLE   1,009,322 0 656,870
YETI HOLDINGS INC. COM 98585X104   62,472 1,608,438 SH   SOLE   988,155 0 620,283
YUM CHINA HOLDINGS COM 98850P109   758 13,450 SH   SOLE   13,450 0 0