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
Agnico Eagle Mines Ltd COM 008474108   1,675,744 25,623 SH   SOLE   25,623 0 0
Alcoa Corp COM 013872106   795,500 20,000 SH   SOLE   20,000 0 0
Allient Inc COM 019330109   873,508 34,567 SH   SOLE   34,567 0 0
eis COMMON STOCK 02128L106   1,245,979 155,069 SH   SOLE   155,069 0 0
Ameris Bancorp COM 03076K108   652,485 12,968 SH   SOLE   12,968 0 0
Andersons Inc COM 034164103   1,912,080 38,550 SH   SOLE   38,550 0 0
Antero Resources Corp COM 03674X106   2,118,025 65,000 SH   SOLE   65,000 0 0
APA Corp (US) COM 03743Q108   503,592 17,097 SH   SOLE   17,097 0 0
Ascent Industries Co COM 871565107   1,812,883 187,475 SH   SOLE   187,475 0 0
Assured Guaranty Ltd COM G0585R106   1,899,200 24,609 SH   SOLE   24,609 0 0
Atlantic Union Bankshares Corp COM 04911A107   676,074 20,565 SH   SOLE   20,565 0 0
B. Riley Financial Inc COM 05580M108   268,204 15,200 SH   SOLE   15,200 0 0
B2Gold Corp COM 11777Q209   1,215,000 450,000 SH   SOLE   450,000 0 0
Bank Ozk COM 06417N103   1,312,160 32,000 SH   SOLE   32,000 0 0
Bar Harbor Bankshares COM 066849100   842,231 31,333 SH   SOLE   31,333 0 0
Barrick Gold Corp COM 067901108   2,384,525 143,000 SH   SOLE   143,000 0 0
BG Staffing Inc COM 05601C105   206,835 23,967 SH   SOLE   23,967 0 0
Blue Bird Corp COM 095306106   2,495,025 46,363 SH   SOLE   46,363 0 0
Bluelinx Holdings Inc COM NEW 09624H208   3,940,265 42,373 SH   SOLE   42,373 0 0
Blueprint Medicines Corp COM 09627Y109   539,350 5,000 SH   SOLE   5,000 0 0
Bm Technologies Inc CL A COM 05591L107   955,917 424,852 SH   SOLE   424,852 0 0
BM Technologies Inc (Warrant 04-01-2026) *W EXP 01/04/202 05591L115   12,030 279,757 SH   SOLE   279,757 0 0
Borr Drilling Ltd SHS G1466R173   9,919,063 1,541,424 SH   SOLE   1,541,424 0 0
BRP Inc COM SUN VTG 05577W200   1,595,856 24,908 SH   SOLE   24,908 0 0
Build-A-Bear Workshop Inc COM 120076104   14,752,368 582,292 SH   SOLE   582,292 0 0
Builders FirstSource Inc COM 12008R107   9,321,221 67,401 SH   SOLE   67,401 0 0
Bunge Ltd COM H11356104   2,380,033 22,286 SH   SOLE   22,286 0 0
Cameco Corp COM 13321L108   21,235,618 431,706 SH   SOLE   431,706 0 0
Capital Bancorp Inc COM 139737100   941,243 46,162 SH   SOLE   46,162 0 0
Capri Holdings Ltd SHS G1890L107   1,900,950 57,500 SH   SOLE   57,500 0 0
CB Financial Services Inc COM 12479G101   594,732 26,826 SH   SOLE   26,826 0 0
Cedar Fair LP DEPOSITRY UNIT 150185106   2,573,886 47,288 SH   SOLE   47,288 0 0
Celestica Inc COM 15101Q207   11,263,549 196,623 SH   SOLE   196,623 0 0
Cenovus Energy Inc COM 15135U109   2,948,250 150,000 SH   SOLE   150,000 0 0
Central Pacific Financial Corp COM NEW 154760409   957,193 45,055 SH   SOLE   45,055 0 0
CF Bankshares Inc COM 12520L109   876,647 46,655 SH   SOLE   46,655 0 0
CF Industries Holdings Inc COM 125269100   2,965,800 40,000 SH   SOLE   40,000 0 0
Citizens Financial Group Inc COM 174610105   535,291 14,863 SH   SOLE   14,863 0 0
Citizens Financial Services Inc COM 174615104   686,370 15,202 SH   SOLE   15,202 0 0
Cleaveland-Cliffs Inc COM 185899101   908,895 59,000 SH   SOLE   59,000 0 0
Climb Global Solutions Inc COM 946760105   9,704,263 156,533 SH   SOLE   156,533 0 0
Colony Bankcorp Inc COM 19623P101   405,150 33,087 SH   SOLE   33,087 0 0
Columbia Banking System Inc COM 197236102   203,449 10,221 SH   SOLE   10,221 0 0
Coty Inc COM CL A 222070203   2,573,855 257,000 SH   SOLE   257,000 0 0
Crown Crafts Inc COM 228309100   1,474,711 280,630 SH   SOLE   280,630 0 0
Customers Bancorp Inc COM 23204G100   2,497,220 52,020 SH   SOLE   52,020 0 0
CVR Partners LP COM 126633205   2,920,036 38,717 SH   SOLE   38,717 0 0
Deere & Co COM 244199105   3,734,850 10,000 SH   SOLE   10,000 0 0
Denison Mines Corp COM 248356107   3,060,439 1,537,909 SH   SOLE   1,537,909 0 0
Diamond Offshore Drilling Inc COM 25271C201   6,202,000 400,000 SH   SOLE   400,000 0 0
DLH Holdings Corp COM 23335Q100   244,738 23,045 SH   SOLE   23,045 0 0
Dream Finders Homes Inc COM CL A 26154D100   3,952,812 152,943 SH   SOLE   152,943 0 0
Dril-Quip Inc COM 262037104   4,153,203 223,591 SH   SOLE   223,591 0 0
DXP Enterprises Inc COM NEW 233377407   504,267 11,009 SH   SOLE   11,009 0 0
Eastern Co COM 276317104   891,704 35,322 SH   SOLE   35,322 0 0
Ensign Group Inc COM 29358P101   1,237,350 10,000 SH   SOLE   10,000 0 0
Epsilon Energy Ltd COM 294375209   695,550 128,094 SH   SOLE   128,094 0 0
Escalade Inc COM 296056104   1,077,188 78,886 SH   SOLE   78,886 0 0
Espey MFG and Electronics Corp COM 296650104   856,233 40,114 SH   SOLE   40,114 0 0
Evans Bancorp Inc COM NEW 29911Q208   1,012,944 36,035 SH   SOLE   36,035 0 0
First Business Financial Services Inc COM 319390100   1,709,424 46,591 SH   SOLE   46,591 0 0
First National Corp COM 32106V107   384,099 25,395 SH   SOLE   25,395 0 0
First United Corp COM 33741H107   2,253,337 110,838 SH   SOLE   110,838 0 0
FLEX LNG Ltd SHS G35947202   1,120,708 41,500 SH   SOLE   41,500 0 0
Forum Energy Technologies Inc COM 34984V209   3,744,094 221,938 SH   SOLE   221,938 0 0
Freeport-McMoRan Inc CL B 35671D857   5,079,360 104,000 SH   SOLE   104,000 0 0
Friedman Industries Inc COM 358435105   6,258,628 408,127 SH   SOLE   408,127 0 0
FS Bancorp Inc COM 30263Y104   9,716,743 267,642 SH   SOLE   267,642 0 0
Galiano Gold Inc COM 36352H100   1,219,784 715,416 SH   SOLE   715,416 0 0
Garrett Motion Inc COM 366505105   2,729,084 317,520 SH   SOLE   317,520 0 0
Gates Industrial Corporation PLC ORD SHS G39108108   1,272,140 80,388 SH   SOLE   80,388 0 0
Gencor Industries Inc COM 368678108   1,307,794 67,955 SH   SOLE   67,955 0 0
Geospace Technologies Corp COM 37364X109   1,237,666 137,748 SH   SOLE   137,748 0 0
German American Bancorp Inc COM 373865104   353,000 10,000 SH   SOLE   10,000 0 0
Golar LNG Ltd SHS G9456A100   7,164,618 228,500 SH   SOLE   228,500 0 0
Graham Corp COM 384556106   1,787,979 63,550 SH   SOLE   63,550 0 0
Greenbrier Companies Inc COM 393657101   3,414,354 68,949 SH   SOLE   68,949 0 0
Gulf Island Fabrication Inc COM 402307102   1,272,902 211,270 SH   SOLE   211,270 0 0
Hanmi Financial Corp COM NEW 410495204   862,147 51,533 SH   SOLE   51,533 0 0
Hawkins Inc COM 420261109   5,986,273 65,823 SH   SOLE   65,823 0 0
Helmerich and Payne Inc COM 423452101   2,067,494 57,200 SH   SOLE   57,200 0 0
Hingham Institution For Savings COM 433323102   2,015,087 11,336 SH   SOLE   11,336 0 0
Home Bancorp Inc COM 43689E107   730,688 18,359 SH   SOLE   18,359 0 0
Hyster-Yale Materials Handling Inc CL A 449172105   2,269,705 32,599 SH   SOLE   32,599 0 0
Jewett-Cameron Trading Company Ltd COM NEW 47733C207   286,871 58,071 SH   SOLE   58,071 0 0
Johnson Outdoors Inc CL A 479167108   2,939,469 84,117 SH   SOLE   84,117 0 0
Karat Packaging Inc COM 48563L101   4,397,481 149,143 SH   SOLE   149,143 0 0
Kewaunee Scientific Corp COM 492854104   1,477,223 31,447 SH   SOLE   31,447 0 0
Kirklands Inc COM 497498105   148,776 90,717 SH   SOLE   90,717 0 0
L.B. Foster Co COM 350060109   907,878 41,944 SH   SOLE   41,944 0 0
Landmark Bancorp Inc COM 51504L107   725,947 37,958 SH   SOLE   37,958 0 0
Lazydays Holdings Inc COM 52110H100   613,421 243,905 SH   SOLE   243,905 0 0
LCI Industries COM 50189K103   2,295,197 22,208 SH   SOLE   22,208 0 0
Lifeway Foods Inc COM 531914109   583,528 45,731 SH   SOLE   45,731 0 0
M/I Homes Inc COM 55305B101   6,753,279 55,323 SH   SOLE   55,323 0 0
Malibu Boats Inc COM CL A 56117J100   3,519,439 100,369 SH   SOLE   100,369 0 0
Manitex International Inc COM 563420108   1,162,374 261,796 SH   SOLE   261,796 0 0
Manitowoc Company Inc COM NEW 563571405   960,792 83,912 SH   SOLE   83,912 0 0
Marine Products Corp COM 568427108   2,072,517 205,811 SH   SOLE   205,811 0 0
MarineMax Inc COM 567908108   3,637,871 112,228 SH   SOLE   112,228 0 0
Martin Midstream Partners LP UNIT L P INT 573331105   749,053 230,833 SH   SOLE   230,833 0 0
MasterBrand Inc COMMON STOCK 57638P104   13,123,796 893,079 SH   SOLE   893,079 0 0
Matrix Service Co COM 576853105   1,836,690 184,592 SH   SOLE   184,592 0 0
Medallion Financial Corp COM 583928106   630,616 81,845 SH   SOLE   81,845 0 0
Mercantile Bank Corp COM 587376104   1,522,069 37,661 SH   SOLE   37,661 0 0
Metrocity Bankshares Inc COM 59165J105   2,081,871 79,249 SH   SOLE   79,249 0 0
Mid Penn Bancorp Inc COM 59540G107   1,170,590 53,476 SH   SOLE   53,476 0 0
Mosaic Co COM 61945C103   2,630,037 90,989 SH   SOLE   90,989 0 0
MPLX LP COM UNIT REP LTD 55336V100   213,000 5,000 SH   SOLE   5,000 0 0
Murphy Usa Inc COM 626755102   15,449,532 32,906 SH   SOLE   32,906 0 0
Myers Industries Inc COM 628464109   936,852 70,045 SH   SOLE   70,045 0 0
New York Community Bancorp Inc COM 649445103   417,024 129,712 SH   SOLE   129,712 0 0
Nexgen Energy Ltd COM 65340P106   8,227,549 1,178,732 SH   SOLE   1,178,732 0 0
NN Inc COM 629337106   844,495 280,563 SH   SOLE   280,563 0 0
Northrim BanCorp Inc COM 666762109   3,966,053 69,095 SH   SOLE   69,095 0 0
Nov Inc COM 62955J103   2,371,570 124,721 SH   SOLE   124,721 0 0
Nutrien Ltd COM 67077M108   1,069,005 21,000 SH   SOLE   21,000 0 0
OneWater Marine Inc CL A COM 68280L101   1,489,695 54,043 SH   SOLE   54,043 0 0
Orion Group Holdings Inc COM 68628V308   3,110,717 326,242 SH   SOLE   326,242 0 0
Ovintiv Inc COM 69047Q102   937,300 20,000 SH   SOLE   20,000 0 0
Patrick Industries Inc COM 703343103   2,933,371 27,017 SH   SOLE   27,017 0 0
PBF Energy Inc CL A 69318G106   1,702,555 37,000 SH   SOLE   37,000 0 0
Pennant Group Inc COM 70805E109   7,412,406 319,019 SH   SOLE   319,019 0 0
Permian Resources Corp CLASS A COM 71424F105   2,885,164 178,814 SH   SOLE   178,814 0 0
Playa Hotels & Resorts NV SHS N70544106   1,672,388 199,450 SH   SOLE   199,450 0 0
Plumas Bancorp COM 729273102   3,296,944 92,728 SH   SOLE   92,728 0 0
Preferred Bank COM NEW 740367404   2,041,473 27,034 SH   SOLE   27,034 0 0
Primis Financial Corp COM 74167B109   104,613 10,030 SH   SOLE   10,030 0 0
Proficient Auto Logistics Inc COM 74317M104   7,233,750 450,000 SH   SOLE   450,000 0 0
Radius Recycling CL A 806882106   606,585 39,737 SH   SOLE   39,737 0 0
Ring Energy Inc COM 76680V108   870,163 519,500 SH   SOLE   519,500 0 0
Roivant Sciences Ltd SHS G76279101   950,850 90,000 SH   SOLE   90,000 0 0
Scorpio Tankers Inc SHS Y7542C130   1,240,247 15,258 SH   SOLE   15,258 0 0
Seabridge Gold Inc COM 811916105   547,200 40,000 SH   SOLE   40,000 0 0
SEACOR Marine Holdings Inc COM 78413P101   1,246,303 92,490 SH   SOLE   92,490 0 0
Seadrill Ltd COM G7997W102   4,582,859 88,953 SH   SOLE   88,953 0 0
SentinelOne Inc CL A 81730H109   842,400 40,000 SH   SOLE   40,000 0 0
Six Flags Entertainment Corp COM 83001A102   643,272 19,443 SH   SOLE   19,443 0 0
SM Energy Co COM 78454L100   1,729,000 40,000 SH   SOLE   40,000 0 0
Southern First Bancshares Inc COM 842873101   316,928 10,891 SH   SOLE   10,891 0 0
Steel Partners Holdings LP LTD PRTRSHIP U 85814R107   467,188 12,500 SH   SOLE   12,500 0 0
Sterling Construction Company Inc COM 859241101   8,969,332 75,857 SH   SOLE   75,857 0 0
Strattec Security Corp COM 863111100   966,732 38,739 SH   SOLE   38,739 0 0
Superior Group of Companies Inc COM 868358102   790,459 41,636 SH   SOLE   41,636 0 0
Taylor Devices Inc COM 877163105   1,060,775 23,599 SH   SOLE   23,599 0 0
TechnipFMC PLC COM G87110105   4,417,581 169,094 SH   SOLE   169,094 0 0
Thor Industries Inc COM 885160101   1,608,754 17,205 SH   SOLE   17,205 0 0
Thryv Holdings Inc COM NEW 886029206   1,214,728 68,224 SH   SOLE   68,224 0 0
Tidewater Inc COM 88642R109   6,514,954 68,359 SH   SOLE   68,359 0 0
Timberland Bancorp Inc COM 887098101   1,076,847 39,935 SH   SOLE   39,935 0 0
Toll Brothers Inc COM 889478103   2,300,200 20,000 SH   SOLE   20,000 0 0
Tortoise Energy Infrastructure Corp COM 89147L886   1,618,748 46,449 SH   SOLE   46,449 0 0
Towne Bank COM 89214P109   1,087,710 39,894 SH   SOLE   39,894 0 0
Transocean Ltd REGISTERED SHS H8817H100   1,069,000 200,000 SH   SOLE   200,000 0 0
Triple Flag Precious Metals Corp COM 89679M104   1,239,600 80,000 SH   SOLE   80,000 0 0
Tsakos Energy Navigation Ltd SHS G9108L173   478,703 16,338 SH   SOLE   16,338 0 0
Ufp Industries Inc COM 90278Q108   5,771,470 51,554 SH   SOLE   51,554 0 0
UFP Technologies Inc COM 902673102   13,423,459 50,970 SH   SOLE   50,970 0 0
Ulta Beauty Inc COM 90384S303   3,473,460 9,000 SH   SOLE   9,000 0 0
Urogen Pharma Ltd COM M96088105   1,368,960 81,510 SH   SOLE   81,510 0 0
V2X Inc COM 92242T101   431,460 9,000 SH   SOLE   9,000 0 0
Valaris Ltd CL A G9460G101   4,342,873 58,321 SH   SOLE   58,321 0 0
Valmont Industries Inc COM 920253101   3,565,835 13,000 SH   SOLE   13,000 0 0
Village Bank and Trust Financial Corp COM NEW 92705T200   250,217 5,366 SH   SOLE   5,366 0 0
Virginia National Bankshares Corp COM 928031103   815,992 25,150 SH   SOLE   25,150 0 0
Vital Energy Inc COM 516806205   1,613,700 36,000 SH   SOLE   36,000 0 0
Vital Farms Inc COM 92847W103   4,622,586 98,826 SH   SOLE   98,826 0 0
W&T Offshore Inc COM 92922P106   172,132 80,624 SH   SOLE   80,624 0 0
Walgreens Boots Alliance Inc COM 931427108   967,600 80,000 SH   SOLE   80,000 0 0
Weatherford International PLC ORD SHS G48833118   4,895,800 40,000 SH   SOLE   40,000 0 0
West Bancorporation Inc CAP STK 95123P106   449,555 25,263 SH   SOLE   25,263 0 0
Westwood Holdings Group Inc COM 961765104   358,880 29,684 SH   SOLE   29,684 0 0
Willamette Valley Vineyards Inc COM 969136100   39,250 10,000 SH   SOLE   10,000 0 0
William Penn Bancorp COM 96927A105   179,873 15,682 SH   SOLE   15,682 0 0
Winnebago Industries Inc COM 974637100   7,167,148 132,223 SH   SOLE   132,223 0 0
Worthington Enterprises Inc COM 981811102   1,231,349 26,019 SH   SOLE   26,019 0 0
Worthington Steel Inc COM SHS 982104101   1,610,605 48,294 SH   SOLE   48,294 0 0