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 3,708 86,223 SH   SOLE   86,223 0 0
B RILEY FINANCIAL ORD COM 05580M108 3,840 169,549 SH   SOLE   169,549 0 0
BRYN MAWR BANK ORD COM 117665109 4,189 89,326 SH   SOLE   0 89,326 0
DONNELLEY FINANCIAL SOLTN ORD COM 25787G100 3,872 216,054 SH   SOLE   216,054 0 0
HAMILTON BEACH BRANDS HLDN CL A ORD COM CL A 40701T104 2,379 108,429 SH   SOLE   0 108,429 0
IES ORD COM 44951W106 4,527 232,161 SH   SOLE   0 232,161 0
LANDEC ORD COM 514766104 2,419 168,005 SH   SOLE   168,005 0 0
LIMBACH HOLDINGS ORD COM 53263P105 2,808 249,142 SH   SOLE   0 249,142 0
META FINANCIAL GROUP ORD COM 59100U108 2,430 29,403 SH   SOLE   0 29,403 0
NATURAL GAS SERVICES GROUP ORD COM 63886Q109 3,537 167,619 SH   SOLE   0 167,619 0
NORTHRIM BANCORP ORD COM 666762109 4,909 118,139 SH   SOLE   0 118,139 0
PAR PACIFIC HOLDINGS ORD COM NEW 69888T207 4,366 213,984 SH   SOLE   0 213,984 0
ROSETTA STONE ORD COM 777780107 5,420 272,492 SH   SOLE   0 272,492 0
SIGA TECHNOLOGIES ORD COM 826917106 4,912 712,964 SH   SOLE   0 712,964 0
TIER REIT ORD COM NEW 88650V208 4,224 175,274 SH   SOLE   0 175,274 0
UFP TECHNOLOGIES ORD COM 902673102 4,408 119,933 SH   SOLE   119,933 0 0
WINMARK ORD COM 974250102 4,973 29,957 SH   SOLE   0 29,957 0
YATRA ONLINE ORD ORD SHS G98338109 3,295 590,553 SH   SOLE   0 590,553 0