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
Estimated average burden
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ARGAN ORD COM 04010E109 524 12,211 SH   SOLE 1 12,211 0 0
B RILEY FINANCIAL ORD COM 05580M108 553 28,372 SH   SOLE 1 28,372 0 0
BRYN MAWR BANK ORD COM 117665109 790 17,971 SH   SOLE 1 0 17,971 0
DONNELLEY FINANCIAL SOLTN ORD COM 25787G100 449 26,156 SH   SOLE 1 26,156 0 0
HAMILTON BEACH BRANDS HLDN CL A ORD COM CL A 40701T104 565 26,606 SH   SOLE 1 0 26,606 0
IES ORD COM 44951W106 707 46,689 SH   SOLE 1 0 46,689 0
LANDEC ORD COM 514766104 416 31,881 SH   SOLE 1 31,881 0 0
LIMBACH HOLDINGS ORD COM 53263P105 620 50,060 SH   SOLE 1 0 50,060 0
META FINANCIAL GROUP ORD COM 59100U108 725 6,637 SH   SOLE 1 0 6,637 0
NATURAL GAS SERVICES GROUP ORD COM 63886Q109 682 28,602 SH   SOLE 1 0 28,602 0
NORTHRIM BANCORP ORD COM 666762109 821 23,754 SH   SOLE 1 0 23,754 0
PAR PACIFIC HOLDINGS ORD COM NEW 69888T207 741 43,215 SH   SOLE 1 0 43,215 0
REIS ORD COM 75936P105 570 26,582 SH   SOLE 1 26,582 0 0
ROSETTA STONE ORD COM 777780107 721 54,803 SH   SOLE 1 0 54,803 0
SIGA TECHNOLOGIES ORD COM 826917106 879 143,384 SH   SOLE 1 0 143,384 0
TIER REIT ORD COM NEW 88650V208 651 35,251 SH   SOLE 1 0 35,251 0
UFP TECHNOLOGIES ORD COM 902673102 708 23,997 SH   SOLE 1 23,997 0 0
WINMARK ORD COM 974250102 788 6,025 SH   SOLE 1 0 6,025 0
YATRA ONLINE ORD ORD SHS G98338109 665 100,559 SH   SOLE 1 0 100,559 0