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
ADVANSIX ORD COM 00773T101 1,028 42,240 SH   OTR 1 0 0 42,240
AENA ORD COM E526K0106 3,416 22,010 SH   SOLE   0 0 22,010
ALEXANDER AND BALDWIN ORD COM 014491104 1,424 77,496 SH   OTR 1 0 0 77,496
ARGAN ORD COM 04010E109 1,645 43,480 SH   OTR 1 0 0 43,480
ARGAN ORD COM 04010E109 3,083 81,463 SH   OTR 2 0 0 81,463
AVID BIOSERVICES ORD COM 05368M106 2,870 700,097 SH   SOLE   700,097 0 0
AVID BIOSERVICES ORD COM 05368M106 975 237,820 SH   OTR 1 0 0 237,820
AVID BIOSERVICES ORD COM 05368M106 1,566 382,051 SH   OTR 2 0 0 382,051
B RILEY FINANCIAL ORD COM 05580M108 1,241 87,420 SH   OTR 1 0 0 87,420
B RILEY FINANCIAL ORD COM 05580M108 2,276 160,259 SH   OTR 2 0 0 160,259
BANK OF AMERICA ORD COM 060505104 2,922 118,600 SH   SOLE   0 0 118,600
BRYN MAWR BANK ORD COM 117665109 1,867 54,274 SH   OTR 1 0 0 54,274
BRYN MAWR BANK ORD COM 117665109 2,905 84,446 SH   OTR 2 0 0 84,446
CABLE ONE ORD COM 12685J105 5,224 6,370 SH   SOLE   0 0 6,370
CITIGROUP ORD COM NEW 172967424 3,226 61,970 SH   SOLE   0 0 61,970
CORE MARK HOLDING ORD COM 218681104 1,220 52,464 SH   OTR 1 0 0 52,464
DOLLAR GENERAL ORD COM 256677105 4,609 42,640 SH   SOLE   0 0 42,640
DOLLAR TREE ORD COM 256746108 4,489 49,700 SH   SOLE   0 0 49,700
DONNELLEY FINANCIAL SOLTN ORD COM 25787G100 2,865 204,174 SH   OTR 2 0 0 204,174
FIRSTSERVICE SUB VTG ORD SUB VTG SH 33767E103 2,112 30,845 SH   OTR 1 0 0 30,845
HAMILTON BEACH BRANDS HLDN CL A ORD COM CL A 40701T104 2,394 102,049 SH   OTR 2 0 0 102,049
HUNTER DOUGLAS ORD COM N4327C122 3,655 54,940 SH   SOLE   0 0 54,940
IES ORD COM 44951W106 1,255 80,715 SH   OTR 1 0 0 80,715
IES ORD COM 44951W106 3,413 219,501 SH   OTR 2 0 0 219,501
LANDEC ORD COM 514766104 1,058 89,330 SH   OTR 1 0 0 89,330
LANDEC ORD COM 514766104 3,119 263,425 SH   OTR 2 0 0 263,425
LIMBACH HOLDINGS ORD COM 53263P105 698 189,659 SH   SOLE   189,659 0 0
LIMBACH HOLDINGS ORD COM 53263P105 433 117,605 SH   OTR 1 0 0 117,605
LIMBACH HOLDINGS ORD COM 53263P105 640 173,819 SH   OTR 2 0 0 173,819
MUELLER INDUSTRIES ORD COM 624756102 3,197 136,850 SH   SOLE   136,850 0 0
MUELLER INDUSTRIES ORD COM 624756102 1,707 73,065 SH   OTR 1 0 0 73,065
NATURAL GAS SERVICES GROUP ORD COM 63886Q109 1,155 70,260 SH   OTR 1 0 0 70,260
NATURAL GAS SERVICES GROUP ORD COM 63886Q109 2,611 158,839 SH   OTR 2 0 0 158,839
NOMAD FOODS ORD USD ORD SHS G6564A105 4,560 272,700 SH   SOLE   272,700 0 0
NOMAD FOODS ORD USD ORD SHS G6564A105 3,024 180,835 SH   OTR 1 0 0 180,835
NORTHRIM BANCORP ORD COM 666762109 1,431 43,549 SH   OTR 1 0 0 43,549
NORTHRIM BANCORP ORD COM 666762109 3,671 111,679 SH   OTR 2 0 0 111,679
NVR ORD COM 62944T105 3,558 1,460 SH   SOLE   0 0 1,460
PAR PACIFIC HOLDINGS ORD COM NEW 69888T207 1,459 102,909 SH   OTR 1 0 0 102,909
PAR PACIFIC HOLDINGS ORD COM NEW 69888T207 2,860 202,164 SH   OTR 2 0 0 202,164
ROSETTA STONE ORD COM 777780107 4,176 254,630 SH   SOLE   254,630 0 0
ROSETTA STONE ORD COM 777780107 2,720 165,875 SH   OTR 1 0 0 165,875
ROSETTA STONE ORD COM 777780107 3,717 226,662 SH   OTR 2 0 0 226,662
SAFETY INSURANCE GROUP ORD COM 78648T100 1,521 18,590 SH   OTR 1 0 0 18,590
SHENANDOAH TELECOMMUNICATIONS ORD COM 82312B106 4,777 107,965 SH   SOLE   107,965 0 0
SHENANDOAH TELECOMMUNICATIONS ORD COM 82312B106 2,873 64,926 SH   OTR 1 0 0 64,926
SIGA TECHNOLOGIES ORD COM 826917106 6,321 800,082 SH   SOLE   800,082 0 0
SIGA TECHNOLOGIES ORD COM 826917106 4,357 551,535 SH   OTR 1 0 0 551,535
SIGA TECHNOLOGIES ORD COM 826917106 5,336 675,444 SH   OTR 2 0 0 675,444
TIER REIT ORD COM NEW 88650V208 1,943 94,200 SH   OTR 1 0 0 94,200
TIER REIT ORD COM NEW 88650V208 3,419 165,724 SH   OTR 2 0 0 165,724
UFP TECHNOLOGIES ORD COM 902673102 3,404 113,323 SH   OTR 2 0 0 113,323
UNITEDHEALTH GRP ORD COM 91324P102 3,687 14,800 SH   SOLE   0 0 14,800
WINMARK ORD COM 974250102 1,698 10,682 SH   OTR 1 0 0 10,682
WINMARK ORD COM 974250102 4,502 28,317 SH   OTR 2 0 0 28,317
YATRA ONLINE ORD ORD SHS G98338109 3,468 862,661 SH   SOLE   862,661 0 0
YATRA ONLINE ORD ORD SHS G98338109 1,405 349,586 SH   OTR 1 0 0 349,586
YATRA ONLINE ORD ORD SHS G98338109 2,858 710,883 SH   OTR 2 0 0 710,883