0001398344-18-006306.txt : 20180430 0001398344-18-006306.hdr.sgml : 20180430 20180430153211 ACCESSION NUMBER: 0001398344-18-006306 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180331 FILED AS OF DATE: 20180430 DATE AS OF CHANGE: 20180430 EFFECTIVENESS DATE: 20180430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Monarch Partners Asset Management LLC CENTRAL INDEX KEY: 0001568555 IRS NUMBER: 271468040 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-15158 FILM NUMBER: 18789235 BUSINESS ADDRESS: STREET 1: TWO INTERNATIONAL PLACE STREET 2: 25TH FLOOR CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 617-419-2200 MAIL ADDRESS: STREET 1: TWO INTERNATIONAL PLACE STREET 2: 25TH FLOOR CITY: BOSTON STATE: MA ZIP: 02110 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001568555 XXXXXXXX 03-31-2018 03-31-2018 false Monarch Partners Asset Management LLC

Two International Place 25th Floor Boston MA 02110

13F HOLDINGS REPORT 028-15158 N Henry J Lawlor Jr 617-419-2200 /s/ Henry J Lawlor Jr Boston MA 04-30-2018 0 193 1078719 INFORMATION TABLE 2 fp0032959_13fhr-table.xml 13F INFORMATION TABLE AAC HLDGS INC COM 000307108 250 21810 SH SOLE 21810 0 0 AAR CORP COM 000361105 8002 181400 SH SOLE 151015 0 30385 ABRAXAS PETE CORP COM 003830106 389 175065 SH SOLE 175065 0 0 ADDUS HOMECARE CORP COM 006739106 423 8690 SH SOLE 8690 0 0 ADVANCED DISP SVCS INC DEL COM 00790X101 16632 746492 SH SOLE 607725 0 138767 ADVANCED DRAIN SYS INC DEL COM 00790R104 2571 99275 SH SOLE 70854 0 28421 ADVERUM BIOTECHNOLOGIES INC COM 00773U108 214 36915 SH SOLE 36915 0 0 AIR TRANSPORT SERVICES GRP I COM 00922R105 4343 186252 SH SOLE 158706 0 27546 ALEXANDRIA REAL ESTATE EQ IN COM 015271109 6251 50050 SH SOLE 39600 0 10450 ALJ REGIONAL HLDGS INC COM 001627108 351 167090 SH SOLE 167090 0 0 ALLEGHENY TECHNOLOGIES INC COM 01741R102 10295 434775 SH SOLE 349455 0 85320 ALLETE INC COM NEW 018522300 5319 73620 SH SOLE 58140 0 15480 ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 4530 366780 SH SOLE 289920 0 76860 AMERICAN CAMPUS CMNTYS INC COM 024835100 9318 241285 SH SOLE 192390 0 48895 AMERICAN HOMES 4 RENT CL A 02665T306 10033 499632 SH SOLE 399900 0 99732 AMERIS BANCORP COM 03076K108 3486 65905 SH SOLE 47065 0 18840 APPLE HOSPITALITY REIT INC COM NEW 03784Y200 9654 549450 SH SOLE 433930 0 115520 APPTIO INC CL A 03835C108 4863 171605 SH SOLE 149915 0 21690 ARDMORE SHIPPING CORP COM Y0207T100 782 102870 SH SOLE 102870 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 24761 552075 SH SOLE 445595 0 106480 ASURE SOFTWARE INC COM 04649U102 668 54600 SH SOLE 54600 0 0 ATLANTIC CAP BANCSHARES INC COM 048269203 542 29950 SH SOLE 29950 0 0 ATLAS AIR WORLDWIDE HLDGS IN COM NEW 049164205 4861 80420 SH SOLE 59434 0 20986 BANK PRINCETON NEW JERSEY COM 064520109 668 19368 SH SOLE 19368 0 0 BANK OF THE OZARKS COM 063904106 9913 205369 SH SOLE 163149 0 42220 BEACON ROOFING SUPPLY INC COM 073685109 12826 241672 SH SOLE 187151 0 54521 BIO RAD LABS INC CL A 090572207 17861 71423 SH SOLE 59449 0 11974 BLUELINX HLDGS INC COM NEW 09624H208 833 25570 SH SOLE 25570 0 0 BOINGO WIRELESS INC COM 09739C102 5348 215912 SH SOLE 182890 0 33022 BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 610 46710 SH SOLE 46710 0 0 BRINKS CO COM 109696104 14089 197467 SH SOLE 160971 0 36496 BRUNSWICK CORP COM 117043109 7906 133120 SH SOLE 105230 0 27890 BWX TECHNOLOGIES INC COM 05605H100 6708 105595 SH SOLE 83412 0 22183 CAESARS ENTMT CORP COM 127686103 5903 524720 SH SOLE 414770 0 109950 CALLAWAY GOLF CO COM 131193104 4312 263540 SH SOLE 215550 0 47990 CALLON PETE CO DEL COM 13123X102 10005 755677 SH SOLE 608242 0 147435 CAMDEN NATL CORP COM 133034108 1058 23780 SH SOLE 23780 0 0 CAROLINA FINL CORP NEW COM 143873107 569 14490 SH SOLE 14490 0 0 CARPENTER TECHNOLOGY CORP COM 144285103 3488 79050 SH SOLE 64495 0 14555 CARROLS RESTAURANT GROUP INC COM 14574X104 760 67900 SH SOLE 67900 0 0 CENTERSTATE BK CORP COM 15201P109 5859 220840 SH SOLE 177485 0 43355 CHEMICAL FINL CORP COM 163731102 11849 216690 SH SOLE 166370 0 50320 CHERRY HILL MTG INVT CORP COM 164651101 554 31612 SH SOLE 31612 0 0 CIVISTA BANCSHARES INC COM NO PAR 178867107 811 35490 SH SOLE 35490 0 0 CIVITAS SOLUTIONS INC COM 17887R102 404 26260 SH SOLE 26260 0 0 COHERENT INC COM 192479103 4179 22300 SH SOLE 17900 0 4400 COLLEGIUM PHARMACEUTICAL INC COM 19459J104 571 22340 SH SOLE 22340 0 0 COMMUNITY BANKERS TR CORP COM 203612106 610 67790 SH SOLE 67790 0 0 CONNECTONE BANCORP INC NEW COM 20786W107 7777 270038 SH SOLE 225978 0 44060 CONSTELLIUM NV CL A N22035104 9739 897596 SH SOLE 721826 0 175770 CORESITE RLTY CORP COM 21870Q105 5795 57795 SH SOLE 48790 0 9005 COWEN INC CL A NEW 223622606 4351 329632 SH SOLE 252037 0 77595 CRYOLIFE INC COM 228903100 710 35420 SH SOLE 35420 0 0 CRYOPORT INC COM PAR $0.001 229050307 247 28730 SH SOLE 28730 0 0 DASEKE INC COM 23753F107 1836 187570 SH SOLE 187570 0 0 DEPOMED INC COM 249908104 225 34190 SH SOLE 34190 0 0 DSW INC CL A 23334L102 3421 152300 SH SOLE 108810 0 43490 DUKE REALTY CORP COM NEW 264411505 12292 464201 SH SOLE 370594 0 93607 ELDORADO RESORTS INC COM 28470R102 5148 156010 SH SOLE 122495 0 33515 EMERGENT BIOSOLUTIONS INC COM 29089Q105 3451 65555 SH SOLE 46855 0 18700 ENERGEN CORP COM 29265N108 10739 170840 SH SOLE 141510 0 29330 ENERGY RECOVERY INC COM 29270J100 560 68110 SH SOLE 68110 0 0 ENOVA INTL INC COM 29357K103 509 23080 SH SOLE 23080 0 0 ENSIGN GROUP INC COM 29358P101 3559 135305 SH SOLE 111395 0 23910 ENVISION HEALTHCARE CORP COM 29414D100 6262 162955 SH SOLE 128810 0 34145 EVEREST RE GROUP LTD COM G3223R108 10387 40445 SH SOLE 31940 0 8505 EVERI HLDGS INC COM 30034T103 592 90070 SH SOLE 90070 0 0 EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 9607 485925 SH SOLE 373625 0 112300 FARMERS CAP BK CORP COM 309562106 842 21080 SH SOLE 21080 0 0 FERROGLOBE PLC SHS G33856108 4048 377220 SH SOLE 298175 0 79045 FIRST HORIZON NATL CORP COM 320517105 12045 639670 SH SOLE 537395 0 102275 FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 2422 61230 SH SOLE 43780 0 17450 FIVE9 INC COM 338307101 2889 96975 SH SOLE 69290 0 27685 FLEXION THERAPEUTICS INC COM 33938J106 473 21100 SH SOLE 21100 0 0 FLY LEASING LTD SPONSORED ADR 34407D109 957 71890 SH SOLE 71890 0 0 FORMFACTOR INC COM 346375108 4991 365670 SH SOLE 303689 0 61981 FRANKLIN FINL NETWORK INC COM 35352P104 263 8065 SH SOLE 8065 0 0 GENESCO INC COM 371532102 4636 114190 SH SOLE 94055 0 20135 GODADDY INC CL A 380237107 6814 110940 SH SOLE 88670 0 22270 GRAMERCY PPTY TR COM NEW 385002308 14211 654000 SH SOLE 529805 0 124195 GRANITE PT MTG TR INC COM 38741L107 4328 261665 SH SOLE 199125 0 62540 GRAPHIC PACKAGING HLDG CO COM 388689101 17552 1143435 SH SOLE 958820 0 184615 GREAT AJAX CORP COM 38983D300 685 50540 SH SOLE 50540 0 0 GREAT ELM CAP GROUP INC COM NEW 39036P209 533 133200 SH SOLE 133200 0 0 GREENLIGHT CAPITAL RE LTD CLASS A G4095J109 543 33810 SH SOLE 33810 0 0 HANCOCK HLDG CO COM 410120109 2697 52165 SH SOLE 42630 0 9535 HELMERICH & PAYNE INC COM 423452101 10167 152745 SH SOLE 121660 0 31085 HEXCEL CORP NEW COM 428291108 12034 186315 SH SOLE 156675 0 29640 HOSTESS BRANDS INC CL A 44109J106 18052 1220577 SH SOLE 981227 0 239350 HOWARD HUGHES CORP COM 44267D107 21550 154888 SH SOLE 124783 0 30105 IBERIABANK CORP COM 450828108 2948 37800 SH SOLE 27020 0 10780 IDACORP INC COM 451107106 13475 152655 SH SOLE 118765 0 33890 INDEPENDENT BK GROUP INC COM 45384B106 5975 84513 SH SOLE 74560 0 9953 INSTRUCTURE INC COM 45781U103 2009 47660 SH SOLE 34050 0 13610 INTERNAP CORP COM PAR 45885A409 449 40815 SH SOLE 40815 0 0 INTERXION HOLDING N.V SHS N47279109 11150 179523 SH SOLE 144355 0 35168 INVACARE CORP COM 461203101 6003 345024 SH SOLE 286953 0 58071 ISHARES TR RUS 2000 VAL ETF 464287630 1522 12490 SH SOLE 12490 0 0 JAMES RIV GROUP LTD COM G5005R107 18495 521416 SH SOLE 420455 0 100961 JERNIGAN CAP INC COM 476405105 676 37350 SH SOLE 37350 0 0 KINGSTONE COS INC COM 496719105 726 43237 SH SOLE 43237 0 0 KIRBY CORP COM 497266106 12124 157560 SH SOLE 125330 0 32230 KLX INC COM 482539103 5558 78221 SH SOLE 64921 0 13300 KRATON CORPORATION COM 50077C106 546 11450 SH SOLE 11450 0 0 LEGACY TEX FINL GROUP INC COM 52471Y106 14863 347095 SH SOLE 282170 0 64925 LILIS ENERGY INC COM NEW 532403201 453 114100 SH SOLE 114100 0 0 LINDBLAD EXPEDITIONS HLDGS I COM 535219109 872 84950 SH SOLE 84950 0 0 MAGELLAN HEALTH INC COM NEW 559079207 2841 26524 SH SOLE 18934 0 7590 MANITEX INTL INC COM 563420108 540 47270 SH SOLE 47270 0 0 MARCUS CORP COM 566330106 719 23705 SH SOLE 23705 0 0 MARINEMAX INC COM 567908108 5890 302805 SH SOLE 263522 0 39283 MARLIN BUSINESS SVCS CORP COM 571157106 797 28100 SH SOLE 28100 0 0 MASTEC INC COM 576323109 6265 133160 SH SOLE 105250 0 27910 MCBC HLDGS INC COM 55276F107 929 36860 SH SOLE 36860 0 0 MERIDIAN BANCORP INC MD COM 58958U103 4191 208013 SH SOLE 170519 0 37494 MERITOR INC COM 59001K100 12891 626973 SH SOLE 505991 0 120982 MGIC INVT CORP WIS COM 552848103 10410 800760 SH SOLE 621820 0 178940 MIDLAND STS BANCORP INC ILL COM 597742105 1035 32779 SH SOLE 32779 0 0 MIDWESTONE FINL GROUP INC NE COM 598511103 817 24540 SH SOLE 24540 0 0 MILACRON HLDGS CORP COM 59870L106 14498 719850 SH SOLE 554105 0 165745 MITEK SYS INC COM NEW 606710200 445 60075 SH SOLE 60075 0 0 MODINE MFG CO COM 607828100 534 25240 SH SOLE 25240 0 0 MONMOUTH REAL ESTATE INVT CO CL A 609720107 3104 206415 SH SOLE 147500 0 58915 MSC INDL DIRECT INC CL A 553530106 3814 41585 SH SOLE 32870 0 8715 NATIONAL GEN HLDGS CORP COM 636220303 3151 129618 SH SOLE 92496 0 37122 NATURAL GAS SERVICES GROUP COM 63886Q109 2381 99851 SH SOLE 79181 0 20670 NEWPARK RES INC COM PAR $.01NEW 651718504 733 90460 SH SOLE 90460 0 0 NISOURCE INC COM 65473P105 9053 378635 SH SOLE 301540 0 77095 NOMAD FOODS LTD USD ORD SHS G6564A105 6044 383974 SH SOLE 324939 0 59035 OAKTREE SPECIALTY LENDING CO COM 67401P108 460 109220 SH SOLE 109220 0 0 OLD LINE BANCSHARES INC COM 67984M100 780 23644 SH SOLE 23644 0 0 OLIN CORP COM PAR $1 680665205 7539 248060 SH SOLE 196340 0 51720 ON SEMICONDUCTOR CORP COM 682189105 7303 298550 SH SOLE 236180 0 62370 ONEMAIN HLDGS INC COM 68268W103 5707 190615 SH SOLE 150555 0 40060 ORTHOPEDIATRICS CORP COM 68752L100 466 30930 SH SOLE 30930 0 0 PACIFIC PREMIER BANCORP COM 69478X105 4530 112688 SH SOLE 82568 0 30120 PACWEST BANCORP DEL COM 695263103 6777 136824 SH SOLE 108910 0 27914 PARK OHIO HLDGS CORP COM 700666100 1987 51138 SH SOLE 43609 0 7529 PAYLOCITY HLDG CORP COM 70438V106 6960 135860 SH SOLE 107390 0 28470 PDC ENERGY INC COM 69327R101 15275 311540 SH SOLE 251510 0 60030 PETIQ INC COM CL A 71639T106 559 21020 SH SOLE 21020 0 0 PINNACLE WEST CAP CORP COM 723484101 11904 149170 SH SOLE 119160 0 30010 PJT PARTNERS INC COM CL A 69343T107 3200 63874 SH SOLE 45670 0 18204 PNM RES INC COM 69349H107 1707 44636 SH SOLE 31924 0 12712 POPULAR INC COM NEW 733174700 7710 185240 SH SOLE 147700 0 37540 PORTLAND GEN ELEC CO COM NEW 736508847 6401 158010 SH SOLE 124800 0 33210 PRIMO WTR CORP COM 74165N105 1929 164703 SH SOLE 132673 0 32030 PURECYCLE CORP COM NEW 746228303 609 64490 SH SOLE 64490 0 0 QCR HOLDINGS INC COM 74727A104 527 11740 SH SOLE 11740 0 0 REALPAGE INC COM 75606N109 8504 165126 SH SOLE 139446 0 25680 RED ROBIN GOURMET BURGERS IN COM 75689M101 12121 208989 SH SOLE 169793 0 39196 REV GROUP INC COM 749527107 5877 283095 SH SOLE 217673 0 65422 REXNORD CORP NEW COM 76169B102 12121 408380 SH SOLE 340660 0 67720 RING ENERGY INC COM 76680V108 3937 274389 SH SOLE 214357 0 60032 ROCKET PHARMACEUTICALS INC COM 77313F106 281 14982 SH SOLE 14982 0 0 RSP PERMIAN INC COM 74978Q105 8253 176040 SH SOLE 146430 0 29610 SANTANDER CONSUMER USA HDG I COM 80283M101 17183 1054185 SH SOLE 879320 0 174865 SELECT MED HLDGS CORP COM 81619Q105 9779 566900 SH SOLE 447815 0 119085 SHOE CARNIVAL INC COM 824889109 3278 137720 SH SOLE 103840 0 33880 SIENTRA INC COM 82621J105 258 26720 SH SOLE 26720 0 0 SLM CORP COM 78442P106 15704 1400905 SH SOLE 1184390 0 216515 SMART & FINAL STORES INC COM 83190B101 377 67930 SH SOLE 67930 0 0 SMARTFINANCIAL INC COM NEW 83190L208 780 33090 SH SOLE 33090 0 0 SPARTAN MTRS INC COM 846819100 537 31195 SH SOLE 31195 0 0 SPECTRUM BRANDS HLDGS INC COM 84763R101 18802 181310 SH SOLE 151046 0 30264 STAG INDL INC COM 85254J102 14005 585480 SH SOLE 476615 0 108865 MADDEN STEVEN LTD COM 556269108 14718 335271 SH SOLE 283168 0 52103 SUMMIT HOTEL PPTYS INC COM 866082100 4880 358527 SH SOLE 303587 0 54940 SVB FINL GROUP COM 78486Q101 5519 22995 SH SOLE 18160 0 4835 TAILORED BRANDS INC COM 87403A107 2851 113755 SH SOLE 90630 0 23125 TAUBMAN CTRS INC COM 876664103 15093 265205 SH SOLE 219647 0 45558 TAYLOR MORRISON HOME CORP CL A 87724P106 3531 151676 SH SOLE 123804 0 27872 TEXTAINER GROUP HOLDINGS LTD SHS G8766E109 5022 296264 SH SOLE 250471 0 45793 TITAN INTL INC ILL COM 88830M102 556 44130 SH SOLE 44130 0 0 TIVITY HEALTH INC COM 88870R102 19881 501410 SH SOLE 404311 0 97099 TOWER SEMICONDUCTOR LTD SHS NEW M87915274 14358 533570 SH SOLE 428970 0 104600 TRECORA RES COM 894648104 942 69235 SH SOLE 69235 0 0 TRITON INTL LTD CL A G9078F107 9855 322045 SH SOLE 256310 0 65735 U S CONCRETE INC COM NEW 90333L201 1779 29457 SH SOLE 23122 0 6335 ULTRA CLEAN HLDGS INC COM 90385V107 5410 281015 SH SOLE 237095 0 43920 UNION BANKSHARES CORP NEW COM 90539J109 5983 162977 SH SOLE 133217 0 29760 UNITIL CORP COM 913259107 8711 187686 SH SOLE 156148 0 31538 USA TECHNOLOGIES INC COM NO PAR 90328S500 749 83225 SH SOLE 83225 0 0 USA TRUCK INC COM 902925106 399 15660 SH SOLE 15660 0 0 VERITEX HLDGS INC COM 923451108 982 35490 SH SOLE 35490 0 0 VOYA FINL INC COM 929089100 7564 149785 SH SOLE 118715 0 31070 WESCO AIRCRAFT HLDGS INC COM 950814103 1743 170010 SH SOLE 121460 0 48550 WESCO INTL INC COM 95082P105 14993 241620 SH SOLE 204450 0 37170 WESTERN ALLIANCE BANCORP COM 957638109 8666 149130 SH SOLE 124180 0 24950 WESTERN NEW ENG BANCORP INC COM 958892101 2865 269030 SH SOLE 205900 0 63130 WINNEBAGO INDS INC COM 974637100 6445 171418 SH SOLE 141398 0 30020 WNS HOLDINGS LTD SPON ADR 92932M101 2925 64532 SH SOLE 46097 0 18435 WSFS FINL CORP COM 929328102 3075 64195 SH SOLE 45875 0 18320