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
1-800-Flowers.com Inc COM 68243Q106   786,856 112,408 SH   SOLE   55,608 0 56,800
ACCO Brands COM 00081T108   1,255,315 218,696 SH   SOLE   108,186 0 110,510
ACM Research Cls A COM 00108J109   3,566,250 196,976 SH   SOLE   131,056 0 65,920
ARC Document Solutions COM 00191G103   4,442,778 1,397,100 SH   SOLE   929,980 0 467,120
AXT Inc COM 00246W103   2,956,966 1,232,069 SH   SOLE   818,369 0 413,700
Acacia Research Corp COM 003881307   4,155,970 1,138,622 SH   SOLE   735,962 0 402,660
Alico Inc COM 016230104   5,378,880 215,500 SH   SOLE   143,390 0 72,110
Alpine Income Property Trust COM 02083X103   5,439,798 332,506 SH   SOLE   221,335 0 111,171
Amtech Systems COM 032332504   6,000,880 787,517 SH   SOLE   524,337 0 263,180
Asure Software COM 04649U102   5,958,750 629,889 SH   SOLE   405,632 0 224,257
Avantax Inc COM 095229100   953,827 37,288 SH   SOLE   18,448 0 18,840
BGSF Inc COM 05601C105   4,987,215 518,961 SH   SOLE   345,516 0 173,445
BM Technologies Inc COM 05591L107   920,284 460,142 SH   SOLE   234,142 0 226,000
Banc of California Inc COM 05990K106   1,213,302 98,005 SH   SOLE   48,475 0 49,530
Bankwell Financial Group COM 06654A103   2,556,213 105,324 SH   SOLE   69,624 0 35,700
Barrett Business Services Inc COM 068463108   12,214,706 135,358 SH   SOLE   86,128 0 49,230
Benchmark Electronics, Inc COM 08160H101   1,203,005 49,588 SH   SOLE   24,528 0 25,060
Bloomin Brands COM 094235108   468,931 19,070 SH   SOLE   9,430 0 9,640
Bowman Consulting Grp COM 103002101   8,559,717 305,377 SH   SOLE   203,217 0 102,160
Bridgewater Bancshares COM 108621103   1,146,047 120,891 SH   SOLE   59,791 0 61,100
Brinker International COM 109641100   471,418 14,923 SH   SOLE   7,383 0 7,540
Build A Bear Workshop COM 120076104   10,741,473 365,232 SH   SOLE   242,942 0 122,290
Business First Bancshares Inc COM 12326C105   1,123,630 59,895 SH   SOLE   29,615 0 30,280
Caleres Inc COM 129500104   1,633,280 56,790 SH   SOLE   28,090 0 28,700
Capital Bancorp COM 139737100   3,711,737 194,027 SH   SOLE   129,184 0 64,843
Cheesecake Factory COM 163072101   381,174 12,580 SH   SOLE   6,220 0 6,360
Chefs' Warehouse COM 163086101   1,009,333 47,655 SH   SOLE   23,575 0 24,080
Chicos FAS COM 168615102   537,386 71,843 SH   SOLE   35,523 0 36,320
Civista Bancshares COM 178867107   6,214,028 400,905 SH   SOLE   255,241 0 145,664
Cohu Inc COM 192576106   1,661,592 48,246 SH   SOLE   23,866 0 24,380
Colony Bankcorp COM 19623P101   5,156,850 515,943 SH   SOLE   343,301 0 172,642
Columbus McKinnon Corp COM 199333105   900,015 25,781 SH   SOLE   12,751 0 13,030
Comtech Telecom Corp COM 205826209   4,368,166 499,219 SH   SOLE   324,029 0 175,190
ConnectOne Bancorp COM 20786W107   1,266,875 71,053 SH   SOLE   35,133 0 35,920
Cooper Standard Hlds COM 21676P103   6,401,058 476,979 SH   SOLE   303,029 0 173,950
Cra Intl Inc COM 12618T105   5,865,643 58,214 SH   SOLE   38,734 0 19,480
Customers Bancorp COM 23204G100   1,975,019 57,330 SH   SOLE   28,350 0 28,980
DHI Group COM 23331S100   468,152 152,991 SH   SOLE   101,971 0 51,020
DMC Global Inc COM 23291C103   5,459,918 223,127 SH   SOLE   144,877 0 78,250
DXP Enterprises, Inc COM 233377407   666,306 19,070 SH   SOLE   9,430 0 9,640
Daktronics, Inc COM 234264109   677,652 75,970 SH   SOLE   37,580 0 38,390
Designer Brands COM 250565108   1,397,461 110,384 SH   SOLE   54,594 0 55,790
Destination XL Group COM 25065K104   6,930,748 1,547,042 SH   SOLE   1,029,922 0 517,120
EPlus Inc COM 294268107   1,584,824 24,950 SH   SOLE   12,340 0 12,610
Eagle Bancorp Montana COM 26942G100   2,369,754 199,139 SH   SOLE   132,539 0 66,600
Edgewell Personal Care COM 28035Q102   1,174,589 31,780 SH   SOLE   15,720 0 16,060
Enerpac Tool Group COM 292765104   674,229 25,510 SH   SOLE   12,620 0 12,890
Ennis Inc COM 293389102   1,029,319 48,507 SH   SOLE   23,997 0 24,510
Esquire Financial Hld COM 29667J101   5,011,827 109,692 SH   SOLE   72,972 0 36,720
FS Bancorp COM 30263Y104   7,986,329 270,723 SH   SOLE   180,083 0 90,640
Farmers National Banc Corp COM 309627107   4,109,719 355,512 SH   SOLE   236,692 0 118,820
First Business Financial Servi COM 319390100   5,075,711 169,134 SH   SOLE   112,544 0 56,590
First Financial Corp COM 320218100   1,207,558 35,716 SH   SOLE   17,666 0 18,050
First Northwest COM 335834107   3,701,540 301,674 SH   SOLE   200,730 0 100,944
Five Star Bancorp COM 33830T103   3,725,784 185,732 SH   SOLE   123,582 0 62,150
Genasys COM 36872P103   2,033,674 1,011,778 SH   SOLE   673,228 0 338,550
GigaCloud Tech Cls A COM G38644103   586,464 66,568 SH   SOLE   32,918 0 33,650
Global Medical REIT COM 37954A204   6,082,620 678,107 SH   SOLE   431,387 0 246,720
Global Net Lease REIT COM 379378201   1,046,885 108,937 SH   SOLE   53,890 0 55,047
Great Ajax Corp COM 38983D300   3,979,349 617,911 SH   SOLE   340,238 0 277,673
Hamilton Beach Brands Hld COM 40701T104   5,049,294 406,873 SH   SOLE   270,903 0 135,970
Hanesbrands COM 410345102   706,163 178,324 SH   SOLE   88,874 0 89,450
Healthcare Services Group Inc COM 421906108   992,675 95,175 SH   SOLE   47,295 0 47,880
Heidrick & Struggles Intl COM 422819102   1,104,133 44,130 SH   SOLE   21,830 0 22,300
Heritage Commerce Corp COM 426927109   814,755 96,193 SH   SOLE   47,573 0 48,620
Heritage Financial COM 42722X106   774,122 47,463 SH   SOLE   23,473 0 23,990
Heritage Insurance Hlds Inc COM 42727J102   6,389,704 984,546 SH   SOLE   655,406 0 329,140
Horizon Bancorp COM 440407104   4,214,349 394,602 SH   SOLE   262,482 0 132,120
Hudson Technologies COM 444144109   385,248 28,966 SH   SOLE   14,326 0 14,640
Hurco Companies Inc COM 447324104   4,348,257 193,859 SH   SOLE   128,989 0 64,870
Ichor Holdings COM G4740B105   1,227,657 39,653 SH   SOLE   19,613 0 20,040
InTest Corp COM 461147100   3,458,153 227,960 SH   SOLE   151,725 0 76,235
Intevac Inc COM 461148108   574,517 184,732 SH   SOLE   91,382 0 93,350
JAKKS Pacific Inc COM 47012E403   1,425,072 76,658 SH   SOLE   50,988 0 25,670
Kelly Services Cls A COM 488152208   1,145,061 62,950 SH   SOLE   31,140 0 31,810
Kimball Electronics COM 49428J109   9,558,604 349,109 SH   SOLE   232,299 0 116,810
Koppers Holdings COM 50060P106   1,358,740 34,355 SH   SOLE   16,995 0 17,360
Lakeland Industries COM 511795106   8,435,990 559,787 SH   SOLE   372,637 0 187,150
Lifetime Brands Inc COM 53222Q103   4,041,068 717,774 SH   SOLE   463,584 0 254,190
Lincoln Education Services COM 533535100   4,284,066 506,990 SH   SOLE   337,340 0 169,650
Manitex International Inc COM 563420108   4,546,567 973,569 SH   SOLE   648,199 0 325,370
Matrix Service Co COM 576853105   714,561 60,556 SH   SOLE   29,956 0 30,600
Metropolitan Bank Hld COM 591774104   9,516,897 262,318 SH   SOLE   166,468 0 95,850
Miller Industries Inc COM 600551204   6,619,824 168,830 SH   SOLE   112,340 0 56,490
Mistras Group Inc COM 60649T107   2,150,030 394,501 SH   SOLE   253,542 0 140,959
MotorCar Parts of America Inc COM 620071100   6,807,921 841,523 SH   SOLE   560,093 0 281,430
NN Inc COM 629337106   1,264,538 679,859 SH   SOLE   432,829 0 247,030
NV5 Global Inc COM 62945V109   678,518 7,051 SH   SOLE   3,491 0 3,560
Natural Gas Services Group Inc COM 63886Q109   9,148,179 628,309 SH   SOLE   418,064 0 210,245
Natures Sunshine Products COM 639027101   3,791,001 228,787 SH   SOLE   152,197 0 76,590
Netgear Inc COM 64111Q104   538,197 42,748 SH   SOLE   21,148 0 21,600
Newpark Resources Inc COM 651718504   571,464 82,701 SH   SOLE   40,911 0 41,790
Northeast Bank COM 66405S100   10,049,817 227,887 SH   SOLE   146,497 0 81,390
Northwest Pipe COM 667746101   8,215,623 272,311 SH   SOLE   181,261 0 91,050
One Stop Systems COM 68247W109   1,076,065 581,657 SH   SOLE   387,636 0 194,021
Orrstown Financial Services COM 687380105   4,678,591 222,684 SH   SOLE   148,164 0 74,520
PAM Transportation Services, I COM 693149106   2,786,975 129,326 SH   SOLE   86,050 0 43,276
PC Connection COM 69318J100   1,031,835 19,330 SH   SOLE   9,560 0 9,770
PRA Group COM 69354N106   686,892 35,757 SH   SOLE   17,687 0 18,070
Parke Bancorp COM 700885106   5,918,467 363,319 SH   SOLE   241,747 0 121,572
Pathward Financial Inc COM 59100U108   1,268,535 27,523 SH   SOLE   13,613 0 13,910
Patrick Industries COM 703343103   969,025 12,910 SH   SOLE   6,390 0 6,520
Peoples Financial Services COM 711040105   1,956,840 48,799 SH   SOLE   32,459 0 16,340
Perdoceo Education Corp. COM 71363P106   2,042,065 119,419 SH   SOLE   59,069 0 60,350
Photronics Inc COM 719405102   4,542,157 224,748 SH   SOLE   135,698 0 89,050
ProFire Energy COM 74316X101   4,457,722 1,603,497 SH   SOLE   1,066,618 0 536,879
QCR Holdings Inc COM 74727A104   1,097,328 22,616 SH   SOLE   11,186 0 11,430
Quantum Corp COM 747906501   855,498 1,402,456 SH   SOLE   934,676 0 467,780
RMR Group Cls A COM 74967R106   694,284 28,315 SH   SOLE   14,005 0 14,310
Red Robin Gourmet Burgers COM 75689M101   4,166,625 518,237 SH   SOLE   344,727 0 173,510
Resources Connection COM 76122Q105   1,266,366 84,934 SH   SOLE   42,014 0 42,920
Ribbon Communications Inc COM 762544104   371,901 138,769 SH   SOLE   68,649 0 70,120
Rimini Street Inc. COM 76674Q107   2,656,621 1,207,555 SH   SOLE   692,075 0 515,480
Riverview Bancorp COM 769397100   4,213,985 757,911 SH   SOLE   504,461 0 253,450
SP Plus Corp COM 78469C103   1,639,373 45,412 SH   SOLE   22,462 0 22,950
Shyft Group Inc COM 825698103   562,423 37,570 SH   SOLE   18,590 0 18,980
Silvercrest Asset Mgmnt Cls A COM 828359109   4,511,190 284,259 SH   SOLE   189,212 0 95,047
Smith Micro Software COM 832154207   2,121,405 1,753,227 SH   SOLE   1,005,877 0 747,350
Stagwell Inc COM 85256A109   1,302,901 277,804 SH   SOLE   137,384 0 140,420
Standard Motor COM 853666105   621,970 18,500 SH   SOLE   9,150 0 9,350
Sterling Infrastructure Inc COM 859241101   1,883,072 25,627 SH   SOLE   12,707 0 12,920
Strattec Security COM 863111100   4,805,897 209,826 SH   SOLE   139,606 0 70,220
System1 Inc COM 87200P109   282,885 233,789 SH   SOLE   115,649 0 118,140
Tilly's Inc Cls A COM 886885102   5,211,375 641,795 SH   SOLE   427,035 0 214,760
TrueBlue Inc COM 89785X101   766,992 52,283 SH   SOLE   25,863 0 26,420
Twin Disc Inc COM 901476101   8,541,839 622,583 SH   SOLE   407,283 0 215,300
USCB Financial Hlds COM 90355N101   4,467,643 425,085 SH   SOLE   282,825 0 142,260
Ultra Clean Holdings COM 90385V107   1,186,592 39,993 SH   SOLE   19,783 0 20,210
Unity Bancorp COM 913290102   5,337,635 227,812 SH   SOLE   151,682 0 76,130
Universal Electronics Inc COM 913483103   2,990,627 330,456 SH   SOLE   215,126 0 115,330
Universal Technical Institute COM 913915104   5,261,743 627,893 SH   SOLE   417,783 0 210,110
Univest Financial Corp COM 915271100   817,816 47,055 SH   SOLE   23,275 0 23,780
Wabash National Corp. COM 929566107   1,716,169 81,258 SH   SOLE   40,178 0 41,080
West Bancorporation COM 95123P106   4,366,464 267,717 SH   SOLE   169,287 0 98,430
Whole Earth Brands Cls A COM 96684W100   6,006,035 1,668,343 SH   SOLE   1,060,813 0 607,530
Zumiez Inc COM 989817101   642,171 36,077 SH   SOLE   17,847 0 18,230