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
89BIO INC COM COM 282559103   8,722,434 749,350 SH   SOLE   749,350 0 0
AKEBIA THERAPEUTICS INC COM COM 00972D105   198,482 108,460 SH   SOLE   108,460 0 0
ARCBEST CORP COM COM 03937C105   14,707,853 103,213 SH   SOLE   103,213 0 0
ARCOSA INC COM COM 039653100   10,161,188 118,346 SH   SOLE   118,346 0 0
ARMSTRONG WORLD INDS INC NEW COM COM 04247X102   225,584 1,816 SH   SOLE   1,816 0 0
AXOS FINANCIAL INC COM COM 05465C100   8,513,462 157,540 SH   SOLE   157,540 0 0
AZZ INC COM COM 002474104   359,569 4,651 SH   SOLE   4,651 0 0
BANC OF CALIFORNIA INC COM COM 05990K106   7,831,127 514,867 SH   SOLE   514,867 0 0
BANCORP INC DEL COM COM 05969A105   14,025,094 419,160 SH   SOLE   419,160 0 0
BLACK STONE MINERALS L P COM UNIT COM UNIT 09225M101   3,122,188 195,381 SH   SOLE   195,381 0 0
CENTRAL GARDEN & PET CO CL A NON-VTG CL A NON-VTG 153527205   1,580,877 42,819 SH   SOLE   42,819 0 0
CENTRAL GARDEN & PET CO COM COM 153527106   7,336,308 171,289 SH   SOLE   171,289 0 0
CENTURY CASINOS INC COM COM 156492100   4,160,061 1,316,475 SH   SOLE   1,316,475 0 0
CF INDS HLDGS INC COM COM 125269100   221,838 2,666 SH   SOLE   2,666 0 0
CRITEO S A SPONS ADS SPONS ADS 226718104   16,148,017 460,451 SH   SOLE   460,451 0 0
DIGITALBRIDGE GROUP INC CL A NEW CL A NEW 25401T603   8,221,912 426,669 SH   SOLE   426,669 0 0
ENCOMPASS HEALTH CORP COM COM 29261A100   11,955,272 144,772 SH   SOLE   144,772 0 0
ENHABIT INC COM COM 29332G102   7,081,930 607,891 SH   SOLE   607,891 0 0
ENOVA INTL INC COM COM 29357K103   14,786,161 235,336 SH   SOLE   235,336 0 0
FERROGLOBE PLC SHS SHS G33856108   9,286,241 1,864,707 SH   SOLE   1,864,707 0 0
FOSTER L B CO COM COM 350060109   224,352 8,215 SH   SOLE   8,215 0 0
FRANKLIN BSP RLTY TR INC COMMON STOCK COMMON STOCK 35243J101   7,870,149 589,083 SH   SOLE   589,083 0 0
FRANKLIN ELEC INC COM COM 353514102   453,088 4,242 SH   SOLE   4,242 0 0
FTAI AVIATION LTD SHS SHS G3730V105   10,160,819 150,978 SH   SOLE   150,978 0 0
FTAI INFRASTRUCTURE INC COMMON STOCK COMMON STOCK 35953C106   15,707,724 2,501,230 SH   SOLE   2,501,230 0 0
GARRETT MOTION INC COM COM 366505105   11,606,928 1,167,699 SH   SOLE   1,167,699 0 0
GREENLIGHT CAPITAL RE LTD CLASS A CL A G4095J109   11,249,873 902,155 SH   SOLE   902,155 0 0
HERON THERAPEUTICS INC COM COM 427746102   6,293,116 2,271,883 SH   SOLE   2,271,883 0 0
HUDBAY MINERALS INC COM COM 443628102   7,996,639 1,142,377 SH   SOLE   1,142,377 0 0
IDT CORP CL B NEW CL B NEW 448947507   10,799,519 285,626 SH   SOLE   285,626 0 0
INTELLIA THERAPEUTICS INC COM COM 45826J105   4,740,413 172,316 SH   SOLE   172,316 0 0
LINCOLN ELEC HLDGS INC COM COM 533900106   218,401 855 SH   SOLE   855 0 0
MUELLER WTR PRODS INC COM SER A COM SER A 624758108   8,141,846 506,019 SH   SOLE   506,019 0 0
NI HLDGS INC COM COM 65342T106   5,199,222 343,183 SH   SOLE   343,183 0 0
OMNIAB INC COM COM 68218J103   7,444,359 1,373,498 SH   SOLE   1,373,498 0 0
PATHWARD FINANCIAL INC COM COM 59100U108   9,591,351 190,003 SH   SOLE   190,003 0 0
PAYPAL HLDGS INC COM COM 70450Y103   204,989 3,060 SH   SOLE   3,060 0 0
PERFORMANT FINL CORP COM COM 71377E105   58,800 20,000 SH   SOLE   20,000 0 0
POTBELLY CORP COM COM 73754Y100   252,954 20,888 SH   SOLE   20,888 0 0
REVOLVE GROUP INC CL A CL A 76156B107   9,314,461 439,984 SH   SOLE   439,984 0 0
SENSIENT TECHNOLOGIES CORP COM COM 81725T100   209,023 3,021 SH   SOLE   3,021 0 0
SHYFT GROUP INC COM COM 825698103   6,905,421 555,992 SH   SOLE   555,992 0 0
SUMMIT MATLS INC CL A CL A 86614U100   8,279,234 185,758 SH   SOLE   185,758 0 0
TIDEWATER INC NEW COM COM 88642R109   15,494,364 168,417 SH   SOLE   168,417 0 0
TRANSOCEAN LTD REGISTERED SHS SHS H8817H100   108,267 17,240 SH   SOLE   17,240 0 0
TRIMAS CORP COM NEW COM NEW 896215209   11,195,272 418,828 SH   SOLE   418,828 0 0
TRINITY INDS INC COM COM 896522109   10,665,380 382,958 SH   SOLE   382,958 0 0
VERSABANK NEW COM COM 92512J106   2,077,441 195,985 SH   SOLE   195,985 0 0
VISTA OUTDOOR INC COM COM 928377100   9,838,130 300,126 SH   SOLE   300,126 0 0