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
AGILYSYS INC COM 00847J105 14,724 331,177 SH   SOLE   92,010 0 239,167
AGILYSYS INC COM 00847J105 4,426 99,550 SH   OTR 1 99,550 0 0
AGILYSYS INC COM 00847J105 1,447 32,550 SH   OTR 2 32,550 0 0
ALEXANDER & BALDWIN COM 014491104 16,216 646,319 SH   SOLE   116,050 0 530,269
ALEXANDER & BALDWIN COM 014491104 4,882 194,576 SH   OTR 1 194,576 0 0
ARGAN INC COM 04010E109 11,983 309,707 SH   SOLE   83,890 0 225,817
ARGAN INC COM 04010E109 3,602 93,105 SH   OTR 1 93,105 0 0
ARGAN INC COM 04010E109 1,094 28,274 SH   OTR 2 28,274 0 0
AVID BIOSERVICES INC COM 05368M106 57,313 1,964,110 SH   SOLE   1,391,728 0 572,382
AVID BIOSERVICES INC COM 05368M106 6,742 231,044 SH   OTR 1 231,044 0 0
AVID BIOSERVICES INC COM 05368M106 1,691 57,942 SH   OTR 2 57,942 0 0
BGC PARTNERS INC COM 05541T101 26,529 5,705,060 SH   SOLE   5,705,060 0 0
B. RILEY FINANCIAL I COM 05580M108 1,615 18,170 SH   OTR 2 18,170 0 0
BAKER HUGHES COMPANY COM 05722G100 28,157 1,170,270 SH   SOLE   1,170,270 0 0
CABLE ONE INC COM 12685J105 21,426 12,150 SH   SOLE   12,150 0 0
CHASE CORP COM 16150R104 14,100 141,627 SH   SOLE   37,417 0 104,210
CHASE CORP COM 16150R104 4,241 42,602 SH   OTR 1 42,602 0 0
CHASE CORP COM 16150R104 1,194 11,994 SH   OTR 2 11,994 0 0
CONCRETE PUMPING HLD COM 206704108 12,379 1,509,590 SH   SOLE   430,415 0 1,079,175
CONCRETE PUMPING HLD COM 206704108 3,723 454,029 SH   OTR 1 454,029 0 0
CONCRETE PUMPING HLD COM 206704108 1,307 159,337 SH   OTR 2 159,337 0 0
DOLLAR GEN CORP COM 256677105 26,618 112,870 SH   SOLE   112,870 0 0
EPLUS INC COM 294268107 38,505 714,652 SH   SOLE   534,054 0 180,598
EPLUS INC COM 294268107 4,109 76,262 SH   OTR 1 76,262 0 0
EPLUS INC COM 294268107 1,478 27,426 SH   OTR 2 27,426 0 0
FIRSTSERVICE CORP COM 33767E202 20,344 103,550 SH   SOLE   18,580 0 84,970
FIRSTSERVICE CORP COM 33767E202 6,125 31,175 SH   OTR 1 31,175 0 0
HACKETT GROUP INC COM 404609109 13,156 640,803 SH   SOLE   184,587 0 456,216
HACKETT GROUP INC COM 404609109 3,955 192,639 SH   OTR 1 192,639 0 0
HACKETT GROUP INC COM 404609109 1,427 69,506 SH   OTR 2 69,506 0 0
IES HLDGS INC COM 44951W106 17,400 343,611 SH   SOLE   93,317 0 250,294
IES HLDGS INC COM 44951W106 5,238 103,435 SH   OTR 1 103,435 0 0
IES HLDGS INC COM 44951W106 1,604 31,675 SH   OTR 2 31,675 0 0
LUXFER HOLDINGS COM 550678106 11,586 600,000 SH   SOLE   156,590 0 443,410
LUXFER HOLDINGS COM 550678106 3,484 180,450 SH   OTR 1 180,450 0 0
LUXFER HOLDINGS COM 550678106 943 48,840 SH   OTR 2 48,840 0 0
MARRIOTT INTL INC COM 571903202 26,937 163,020 SH   SOLE   163,020 0 0
MUELLER INDS INC COM 624756102 20,211 340,489 SH   SOLE   61,121 0 279,368
MUELLER INDS INC COM 624756102 6,083 102,469 SH   OTR 1 102,469 0 0
NVR INC COM 62944T105 26,058 4,410 SH   SOLE   4,410 0 0
NOMAD FOODS LTD COM G6564A105 41,393 1,630,278 SH   SOLE   1,082,620 0 547,658
NOMAD FOODS LTD COM G6564A105 5,097 200,765 SH   OTR 1 200,765 0 0
NORTHRIM BANCORP INC COM 666762109 11,544 265,628 SH   SOLE   76,736 0 188,892
NORTHRIM BANCORP INC COM 666762109 3,475 79,959 SH   OTR 1 79,959 0 0
NORTHRIM BANCORP INC COM 666762109 1,264 29,082 SH   OTR 2 29,082 0 0
OCEAN BIO CHEM INC COM 674631106 1,060 121,896 SH   OTR 2 121,896 0 0
PALANTIR TECHNOLOGIE COM 69608A108 21,354 1,172,630 SH   SOLE   1,172,630 0 0
PAR PAC HOLDINGS INC COM 69888T207 771 46,724 SH   OTR 2 46,724 0 0
SAFETY INS GROUP INC COM 78648T100 15,992 188,080 SH   SOLE   33,780 0 154,300
SAFETY INS GROUP INC COM 78648T100 4,810 56,572 SH   OTR 1 56,572 0 0
SIGA TECHNOLOGIES IN COM 826917106 13,559 1,803,014 SH   SOLE   477,964 0 1,325,050
SIGA TECHNOLOGIES IN COM 826917106 4,076 542,010 SH   OTR 1 542,010 0 0
SIGA TECHNOLOGIES IN COM 826917106 1,160 154,202 SH   OTR 2 154,202 0 0
STEWART INFORMATION COM 860372101 1,236 15,499 SH   OTR 2 15,499 0 0
STONEX GROUP INC COM 861896108 50,787 829,173 SH   SOLE   605,565 0 223,608
STONEX GROUP INC COM 861896108 5,018 81,923 SH   OTR 1 81,923 0 0
SUNSTONE HOTEL INVS COM 867892101 14,713 1,254,306 SH   SOLE   225,020 0 1,029,286
SUNSTONE HOTEL INVS COM 867892101 4,429 377,541 SH   OTR 1 377,541 0 0
UFP TECHNOLOGIES INC COM 902673102 19,540 278,111 SH   SOLE   75,957 0 202,154
UFP TECHNOLOGIES INC COM 902673102 5,877 83,653 SH   OTR 1 83,653 0 0
UFP TECHNOLOGIES INC COM 902673102 1,825 25,977 SH   OTR 2 25,977 0 0
UNITEDHEALTH GROUP COM 91324P102 33,121 65,960 SH   SOLE   65,960 0 0
VILLAGE SUPER MKT COM 927107409 1,206 51,555 SH   OTR 2 51,555 0 0
WINMARK CORP COM 974250102 12,972 52,245 SH   SOLE   15,111 0 37,134
WINMARK CORP COM 974250102 3,904 15,722 SH   OTR 1 15,722 0 0
WINMARK CORP COM 974250102 1,424 5,734 SH   OTR 2 5,734 0 0