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
Andersons Inc COM 034164103   2,547,367 69,269 SH   SOLE   69,269 0 0
Bar Harbor Bankshares COM 066849100   1,428,673 47,686 SH   SOLE   47,686 0 0
Blue Bird Corp COM 095306106   3,554,866 82,417 SH   SOLE   82,417 0 0
Brunswick Corp COM 117043109   954,621 17,276 SH   SOLE   17,276 0 0
Build-A-Bear Workshop Inc COM 120076104   38,171,026 740,636 SH   SOLE   740,636 0 0
CF Industries Holdings Inc COM 125269100   4,507,775 49,000 SH   SOLE   49,000 0 0
CVR Partners LP COM 126633205   4,569,308 51,433 SH   SOLE   51,433 0 0
Bunge Ltd COM SHS H11356104   2,336,042 29,086 SH   SOLE   29,086 0 0
Capital Bancorp Inc COM 139737100   2,546,210 75,893 SH   SOLE   75,893 0 0
Carriage Services Inc COM 143905107   9,600,444 209,777 SH   SOLE   209,777 0 0
Central Pacific Financial Corp COM NEW 154760409   1,262,627 45,118 SH   SOLE   45,118 0 0
Citizens Financial Group Inc COM 174610105   664,822 14,863 SH   SOLE   14,863 0 0
Citizens Financial Services Inc COM 174615104   999,393 16,936 SH   SOLE   16,936 0 0
Columbia Banking System Inc COM 197236102   238,865 10,221 SH   SOLE   10,221 0 0
Coty Inc COM CL A 222070203   1,193,765 257,000 SH   SOLE   257,000 0 0
Crown Crafts Inc COM 228309100   1,132,999 396,326 SH   SOLE   396,326 0 0
DXP Enterprises Inc COM NEW 233377407   2,289,521 26,154 SH   SOLE   26,154 0 0
Deere & Co COM 244199105   6,352,110 12,500 SH   SOLE   12,500 0 0
Denison Mines Corp COM 248356107   3,708,994 2,037,909 SH   SOLE   2,037,909 0 0
Eastern Co COM 276317104   1,072,402 46,922 SH   SOLE   46,922 0 0
Epsilon Energy Ltd COM 294375209   1,079,781 146,411 SH   SOLE   146,411 0 0
Escalade Inc COM 296056104   1,102,982 78,529 SH   SOLE   78,529 0 0
Espey MFG and Electronics Corp COM 296650104   2,275,546 50,023 SH   SOLE   50,023 0 0
Everus Construction Group Inc COM 300426103   21,939,975 342,430 SH   SOLE   342,430 0 0
FIRST BANCORP N C COM 318910106   255,237 5,789 SH   SOLE   5,789 0 0
First Business Financial Services Inc COM 319390100   4,486,734 88,640 SH   SOLE   88,640 0 0
Fortuna Mining Corp COM NEW 349942102   2,446,357 373,775 SH   SOLE   373,775 0 0
L.B. Foster Co COM 350060109   889,027 40,675 SH   SOLE   40,675 0 0
Friedman Industries Inc COM 358435105   6,976,641 419,816 SH   SOLE   419,816 0 0
Garrett Motion Inc COM 366505105   4,381,872 417,520 SH   SOLE   417,520 0 0
Gencor Industries Inc COM 368678108   2,116,457 151,222 SH   SOLE   151,222 0 0
German American Bancorp Inc COM 373865104   542,574 14,102 SH   SOLE   14,102 0 0
Graham Corp COM 384556106   4,347,007 87,916 SH   SOLE   87,916 0 0
Greenbrier Companies Inc COM 393657101   5,793,060 125,854 SH   SOLE   125,854 0 0
Group 1 Automotive Inc COM 398905109   9,122,328 20,900 SH   SOLE   20,900 0 0
Gulf Island Fabrication Inc COM 402307102   1,562,245 233,869 SH   SOLE   233,869 0 0
Hanmi Financial Corp COM NEW 410495204   2,023,798 81,902 SH   SOLE   81,902 0 0
Hawkins Inc COM 420261109   13,849,085 97,419 SH   SOLE   97,419 0 0
Hayward Holdings Inc COM 421298100   5,484,933 397,603 SH   SOLE   397,603 0 0
Hingham Institution For Savings COM 433323102   6,780,407 27,259 SH   SOLE   27,259 0 0
Hyster-Yale Materials Handling Inc CL A 449172105   1,485,933 37,335 SH   SOLE   37,335 0 0
Innovex International Inc COM 457651107   3,412,206 218,591 SH   SOLE   218,591 0 0
Johnson Outdoors Inc CL A 479167108   3,106,135 102,748 SH   SOLE   102,748 0 0
Kewaunee Scientific Corp COM 492854104   2,810,733 47,977 SH   SOLE   47,977 0 0
Kingstone Companies Inc COM 496719105   4,119,775 267,488 SH   SOLE   267,488 0 0
Vital Energy Inc COM 516806205   386,312 24,002 SH   SOLE   24,002 0 0
Lifeway Foods Inc COM 531914109   1,476,615 59,782 SH   SOLE   59,782 0 0
LIMONEIRA COMPANY COM 532746104   159,051 10,163 SH   SOLE   10,163 0 0
MANITOWOC COMPANY INC COM NEW 563571405   180,300 15,000 SH   SOLE   15,000 0 0
MarineMax Inc COM 567908108   4,159,029 165,549 SH   SOLE   165,549 0 0
Marine Products Corp COM 568427108   3,024,144 355,019 SH   SOLE   355,019 0 0
Martin Midstream Partners LP UNIT L P INT 573331105   996,239 335,434 SH   SOLE   335,434 0 0
Matrix Service Co COM 576853105   3,213,312 237,935 SH   SOLE   237,935 0 0
Medallion Financial Corp COM 583928106   1,181,445 123,757 SH   SOLE   123,757 0 0
Mercantile Bank Corp COM 587376104   3,444,747 74,290 SH   SOLE   74,290 0 0
MICROSOFT CORP COM 594918104   1,492,230 3,000 SH   SOLE   3,000 0 0
MORGAN STANLEY COM NEW 617446448   704,300 5,000 SH   SOLE   5,000 0 0
Murphy Usa Inc COM 626755102   18,792,566 46,261 SH   SOLE   46,261 0 0
NN Inc COM 629337106   857,377 410,228 SH   SOLE   410,228 0 0
Flagstar Financial Inc COM NEW 649445400   988,778 93,237 SH   SOLE   93,237 0 0
Northrim BanCorp Inc COM 666762109   9,136,104 97,853 SH   SOLE   97,853 0 0
PACKAGING CORP OF AMERICA COM 695156109   433,435 2,300 SH   SOLE   2,300 0 0
Pan American Silver Corp COM 697900108   2,122,924 74,764 SH   SOLE   74,764 0 0
Patrick Industries Inc COM 703343103   5,722,184 61,982 SH   SOLE   61,982 0 0
PEOPLES BANCORP OF NC COM 710577107   619,150 21,461 SH   SOLE   21,461 0 0
Plumas Bancorp COM 729273102   7,428,696 166,818 SH   SOLE   166,818 0 0
Preferred Bank COM NEW 740367404   4,732,194 54,679 SH   SOLE   54,679 0 0
Scotts Miracle-Gro Co CL A 810186106   2,965,876 44,975 SH   SOLE   44,975 0 0
Seabridge Gold Inc COM 811916105   580,400 40,000 SH   SOLE   40,000 0 0
SOUTHSTATE CORP COM 840441109   239,370 2,601 SH   SOLE   2,601 0 0
Southern First Bancshares Inc COM 842873101   479,707 12,591 SH   SOLE   12,591 0 0
Sterling Construction Company Inc COM 859241101   16,133,134 69,957 SH   SOLE   69,957 0 0
Strattec Security Corp COM 863111100   3,023,113 48,842 SH   SOLE   48,842 0 0
SUPERIOR GROUP OF COMPANIES INC COM 868358102   225,611 21,904 SH   SOLE   21,904 0 0
Ascent Industries Co COM 871565107   2,497,528 197,824 SH   SOLE   197,824 0 0
Taylor Devices Inc COM 877163105   1,881,185 42,876 SH   SOLE   42,876 0 0
Thor Industries Inc COM 885160101   1,549,205 17,455 SH   SOLE   17,455 0 0
Timberland Bancorp Inc COM 887098101   1,818,349 58,060 SH   SOLE   58,060 0 0
Toll Brothers Inc COM 889478103   10,848,525 95,000 SH   SOLE   95,000 0 0
UFP Technologies Inc COM 902673102   19,935,081 81,602 SH   SOLE   81,602 0 0
Uranium Energy Corp COM 916896103   1,980,650 291,272 SH   SOLE   291,272 0 0
Valmont Industries Inc COM 920253101   7,764,869 23,800 SH   SOLE   23,800 0 0
Virginia National Bankshares Corp COM 928031103   1,122,091 30,269 SH   SOLE   30,269 0 0
Climb Global Solutions Inc COM 946760105   24,417,910 228,088 SH   SOLE   228,088 0 0
Westwood Holdings Group Inc COM 961765104   1,137,315 72,921 SH   SOLE   72,921 0 0
Winnebago Industries Inc COM 974637100   2,158,661 74,426 SH   SOLE   74,426 0 0
Worthington Enterprises Inc COM 981811102   3,118,834 49,019 SH   SOLE   49,019 0 0
Worthington Steel Inc COM SHS 982104101   1,468,687 49,194 SH   SOLE   49,194 0 0
Home Bancorp Inc COM 43689E107   1,191,815 22,985 SH   SOLE   22,985 0 0
Pennant Group Inc COM 70805E109   13,149,490 440,591 SH   SOLE   440,591 0 0
Smurfit Westrock PLC SHS G8267P108   5,909,495 137,000 SH   SOLE   137,000 0 0
ACUITY INC COM 00508Y102   8,122,075 27,211 SH   SOLE   27,211 0 0
Gates Industrial Corporation PLC ORD SHS G39108108   2,794,959 121,388 SH   SOLE   121,388 0 0
TechnipFMC PLC COM G87110105   5,821,061 169,094 SH   SOLE   169,094 0 0
Weatherford International PLC ORD SHS G48833118   1,760,150 35,000 SH   SOLE   35,000 0 0
Noble Corp (Cayman Island) ORD SHS A G65431127   866,755 32,640 SH   SOLE   32,640 0 0
Alta Equipment Group Inc COMMON STOCK 02128L106   591,828 93,422 SH   SOLE   93,422 0 0
Ameris Bancorp COM 03076K108   2,388,612 36,935 SH   SOLE   36,935 0 0
Antero Resources Corp COM 03674X106   1,610,200 40,000 SH   SOLE   40,000 0 0
Atlantic Union Bankshares Corp COM 04911A107   949,082 30,338 SH   SOLE   30,338 0 0
BRP Inc COM SUN VTG 05577W200   1,116,767 23,019 SH   SOLE   23,019 0 0
Bank Ozk COM 06417N103   2,541,030 54,000 SH   SOLE   54,000 0 0
BARINGS BDC INC COM 06759L103   139,888 15,305 SH   SOLE   15,305 0 0
Barrick Mining Corporation COM SHS 06849F108   2,248,020 108,000 SH   SOLE   108,000 0 0
Bluelinx Holdings Inc COM NEW 09624H208   3,857,396 51,873 SH   SOLE   51,873 0 0
B2Gold Corp COM 11777Q209   1,446,166 400,600 SH   SOLE   400,600 0 0
Builders FirstSource Inc COM 12008R107   9,858,499 84,501 SH   SOLE   84,501 0 0
CB Financial Services Inc COM 12479G101   970,087 34,074 SH   SOLE   34,074 0 0
CF Bankshares Inc COM 12520L109   1,236,467 51,498 SH   SOLE   51,498 0 0
Cameco Corp COM 13321L108   36,759,013 495,361 SH   SOLE   495,361 0 0
CARETRUST REIT INC COM 14174T107   950,834 31,073 SH   SOLE   31,073 0 0
Cenovus Energy Inc COM 15135U109   3,673,350 270,000 SH   SOLE   270,000 0 0
Colony Bankcorp Inc COM 19623P101   1,122,414 68,087 SH   SOLE   68,087 0 0
Customers Bancorp Inc COM 23204G100   2,468,045 42,020 SH   SOLE   42,020 0 0
DELL TECHNOLOGIES INC CL C CL C 24703L202   711,080 5,800 SH   SOLE   5,800 0 0
Dream Finders Homes Inc COM CL A 26154D100   3,783,620 150,502 SH   SOLE   150,502 0 0
East West Bancorp Inc COM 27579R104   3,332,835 33,000 SH   SOLE   33,000 0 0
Ensign Group Inc COM 29358P101   5,429,565 35,189 SH   SOLE   35,189 0 0
FS Bancorp Inc COM 30263Y104   15,192,739 385,451 SH   SOLE   385,451 0 0
First Citizens BancShares Inc (Delaware) CL A 31946M103   1,959,305 1,000 SH   SOLE   1,000 0 0
First National Corp COM 32106V107   2,689,060 138,113 SH   SOLE   138,113 0 0
First United Corp COM 33741H107   4,670,361 150,390 SH   SOLE   150,390 0 0
Forum Energy Technologies Inc COM 34984V209   4,235,133 217,242 SH   SOLE   217,242 0 0
Freeport-McMoRan Inc CL B 35671D857   5,176,850 119,000 SH   SOLE   119,000 0 0
Galiano Gold Inc COM 36352H100   1,039,655 815,416 SH   SOLE   815,416 0 0
Geospace Technologies Corp COM 37364X109   2,061,104 144,234 SH   SOLE   144,234 0 0
IES Holdings Inc COM 44951W106   1,778,490 6,000 SH   SOLE   6,000 0 0
Jacobs Solutions Inc COM 46982L108   2,431,363 18,500 SH   SOLE   18,500 0 0
Jewett-Cameron Trading Company Ltd COM NEW 47733C207   121,537 31,609 SH   SOLE   31,609 0 0
Karat Packaging Inc COM 48563L101   6,443,501 229,143 SH   SOLE   229,143 0 0
LCI Industries COM 50189K103   7,359,898 80,652 SH   SOLE   80,652 0 0
Landmark Bancorp Inc COM 51504L107   1,274,274 48,322 SH   SOLE   48,322 0 0
M/I Homes Inc COM 55305B101   8,363,292 74,589 SH   SOLE   74,589 0 0
MPLX LP COM UNIT REP LTD 55336V100   257,525 5,000 SH   SOLE   5,000 0 0
Malibu Boats Inc COM CL A 56117J100   3,382,652 107,869 SH   SOLE   107,869 0 0
MasterBrand Inc COMMON STOCK 57638P104   12,237,719 1,119,149 SH   SOLE   1,119,149 0 0
Metrocity Bankshares Inc COM 59165J105   2,263,748 79,249 SH   SOLE   79,249 0 0
Mid Penn Bancorp Inc COM 59540G107   2,925,916 103,824 SH   SOLE   103,824 0 0
Mosaic Co COM 61945C103   4,776,514 130,989 SH   SOLE   130,989 0 0
Mr. Cooper Group Inc COM 62482R107   16,865,815 113,000 SH   SOLE   113,000 0 0
NVR INC COM 62944T105   369,283 50 SH   SOLE   50 0 0
Nov Inc COM 62955J103   870,450 70,000 SH   SOLE   70,000 0 0
NETFLIX INC COM 64110L106   4,017,390 3,000 SH   SOLE   3,000 0 0
Nexgen Energy Ltd COM 65340P106   8,388,600 1,208,732 SH   SOLE   1,208,732 0 0
Nutrien Ltd COM 67077M108   2,445,720 42,000 SH   SOLE   42,000 0 0
OFG Bancorp COM 67103X102   2,141,250 50,000 SH   SOLE   50,000 0 0
OneWater Marine Inc CL A COM 68280L101   621,235 46,443 SH   SOLE   46,443 0 0
Orion Group Holdings Inc COM 68628V308   3,606,189 397,809 SH   SOLE   397,809 0 0
PBF Energy Inc CL A 69318G106   801,605 37,000 SH   SOLE   37,000 0 0
Permian Resources Corp CLASS A COM 71424F105   2,434,553 178,814 SH   SOLE   178,814 0 0
PINNACLE FINANCIAL PARTNERS INC COM 72346Q104   648,548 5,874 SH   SOLE   5,874 0 0
PRIMIS FINL CORP COM 74167B109   119,524 11,016 SH   SOLE   11,016 0 0
Proficient Auto Logistics Inc COM 74317M104   4,164,548 572,909 SH   SOLE   572,909 0 0
Ring Energy Inc COM 76680V108   461,910 585,957 SH   SOLE   585,957 0 0
SLM Corp COM 78442P106   4,328,940 132,000 SH   SOLE   132,000 0 0
SM Energy Co COM 78454L100   1,235,750 50,000 SH   SOLE   50,000 0 0
Six Flags Entertainment Corp COM 83001C108   2,252,739 74,064 SH   SOLE   74,064 0 0
Talen Energy Corp COM 87422Q109   2,182,163 7,500 SH   SOLE   7,500 0 0
SOMNIGROUP INTERNATIONAL INC COM 88023U101   544,400 8,000 SH   SOLE   8,000 0 0
Tidewater Inc COM 88642R109   5,710,267 123,773 SH   SOLE   123,773 0 0
TORTOISE ENERGY INFRASTRUCTURE CORP COM 89147L886   506,534 11,541 SH   SOLE   11,541 0 0
Towne Bank COM 89214P109   3,985,645 116,625 SH   SOLE   116,625 0 0
Ufp Industries Inc COM 90278Q108   6,762,526 68,054 SH   SOLE   68,054 0 0
Ulta Beauty Inc COM 90384S303   5,614,740 12,000 SH   SOLE   12,000 0 0
Vail Resorts Inc COM 91879Q109   1,583,526 10,073 SH   SOLE   10,073 0 0
V2X Inc COM 92242T101   436,995 9,000 SH   SOLE   9,000 0 0
Vital Farms Inc COM 92847W103   5,859,589 152,213 SH   SOLE   152,213 0 0
West Bancorporation Inc CAP STK 95123P106   628,696 32,156 SH   SOLE   32,156 0 0
Xpel Inc COM 98379L100   897,500 25,000 SH   SOLE   25,000 0 0
Assured Guaranty Ltd COM G0585R106   4,327,467 49,721 SH   SOLE   49,721 0 0
Borr Drilling Ltd SHS G1466R173   3,287,599 1,801,424 SH   SOLE   1,801,424 0 0
FLEX LNG Ltd SHS G35947202   911,755 41,500 SH   SOLE   41,500 0 0
Tsakos Energy Navigation Ltd SHS G9108L173   313,199 16,338 SH   SOLE   16,338 0 0
Golar LNG Ltd SHS G9456A100   10,563,268 256,390 SH   SOLE   256,390 0 0
Valaris Ltd SHS G9460G101   2,455,022 58,321 SH   SOLE   58,321 0 0
Scorpio Tankers Inc SHS Y7542C130   792,290 20,258 SH   SOLE   20,258 0 0