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
AMAZON COM INC COM 023135106   878,280 4,000 SH   SOLE   4,000 0 0
Andersons Inc COM 034164103   1,960,906 49,269 SH   SOLE   49,269 0 0
Bar Harbor Bankshares COM 066849100   1,269,755 41,686 SH   SOLE   41,686 0 0
Blue Bird Corp COM 095306106   4,743,099 82,417 SH   SOLE   82,417 0 0
BRUNSWICK CORP COM 117043109   347,820 5,500 SH   SOLE   5,500 0 0
Build-A-Bear Workshop Inc COM 120076104   50,104,722 765,938 SH   SOLE   765,938 0 0
CF Industries Holdings Inc COM 125269100   4,393,275 49,000 SH   SOLE   49,000 0 0
CVR Partners LP COM 126633205   4,906,688 54,433 SH   SOLE   54,433 0 0
Capital Bancorp Inc COM 139737100   2,410,741 75,893 SH   SOLE   75,893 0 0
Amrize AG SHS H2927K103   5,097,225 105,000 SH   SOLE   105,000 0 0
Carriage Services Inc COM 143905107   10,357,503 232,231 SH   SOLE   232,231 0 0
Central Pacific Financial Corp COM NEW 154760409   1,126,531 37,118 SH   SOLE   37,118 0 0
Citizens Financial Group Inc COM 174610105   790,191 14,863 SH   SOLE   14,863 0 0
Citizens Financial Services Inc COM 174615104   1,088,077 18,019 SH   SOLE   18,019 0 0
Columbia Banking System Inc COM 197236102   263,037 10,221 SH   SOLE   10,221 0 0
Crown Crafts Inc COM 228309100   1,150,337 396,326 SH   SOLE   396,326 0 0
DXP Enterprises Inc COM NEW 233377407   3,113,764 26,154 SH   SOLE   26,154 0 0
Deere & Co COM 244199105   5,256,340 11,500 SH   SOLE   11,500 0 0
Denison Mines Corp COM 248356107   8,354,250 3,037,909 SH   SOLE   3,037,909 0 0
Eastern Co COM 276317104   1,129,398 47,988 SH   SOLE   47,988 0 0
Epsilon Energy Ltd COM 294375209   737,179 146,411 SH   SOLE   146,411 0 0
Escalade Inc COM 296056104   988,580 78,529 SH   SOLE   78,529 0 0
Espey MFG and Electronics Corp COM 296650104   2,025,117 51,425 SH   SOLE   51,425 0 0
Everus Construction Group Inc COM 300426103   31,062,963 362,430 SH   SOLE   362,430 0 0
FIRST BANCORP N C COM 318910106   306,180 5,789 SH   SOLE   5,789 0 0
First Business Financial Services Inc COM 319390100   4,803,092 93,640 SH   SOLE   93,640 0 0
Fortuna Mining Corp COM NEW 349942102   2,678,518 298,775 SH   SOLE   298,775 0 0
L.B. Foster Co COM 350060109   1,098,510 40,675 SH   SOLE   40,675 0 0
Friedman Industries Inc COM 358435105   9,191,872 419,816 SH   SOLE   419,816 0 0
Garrett Motion Inc COM 366505105   5,686,622 417,520 SH   SOLE   417,520 0 0
Gencor Industries Inc COM 368678108   2,188,938 151,222 SH   SOLE   151,222 0 0
German American Bancorp Inc COM 373865104   553,927 14,102 SH   SOLE   14,102 0 0
Graham Corp COM 384556106   4,825,709 87,916 SH   SOLE   87,916 0 0
Greenbrier Companies Inc COM 393657101   5,899,184 127,854 SH   SOLE   127,854 0 0
Group 1 Automotive Inc COM 398905109   9,462,636 21,600 SH   SOLE   21,600 0 0
Gulf Island Fabrication Inc COM 402307102   1,521,011 216,514 SH   SOLE   216,514 0 0
Hanmi Financial Corp COM NEW 410495204   1,625,473 65,902 SH   SOLE   65,902 0 0
Hawkins Inc COM 420261109   17,815,013 97,419 SH   SOLE   97,419 0 0
Hayward Holdings Inc COM 421298100   6,050,157 400,275 SH   SOLE   400,275 0 0
Hingham Institution For Savings COM 433323102   7,044,288 26,759 SH   SOLE   26,759 0 0
Innovex International Inc COM 457651107   4,052,677 218,591 SH   SOLE   218,591 0 0
Jabil Inc COM 466313103   2,173,450 10,000 SH   SOLE   10,000 0 0
Johnson Outdoors Inc CL A 479167108   4,151,610 102,748 SH   SOLE   102,748 0 0
Kewaunee Scientific Corp COM 492854104   2,263,737 52,626 SH   SOLE   52,626 0 0
Kingstone Companies Inc COM 496719105   4,250,559 289,071 SH   SOLE   289,071 0 0
Lifeway Foods Inc COM 531914109   1,494,871 53,782 SH   SOLE   53,782 0 0
MANITOWOC COMPANY INC COM NEW 563571405   150,150 15,000 SH   SOLE   15,000 0 0
MarineMax Inc COM 567908108   4,192,638 165,549 SH   SOLE   165,549 0 0
Marine Products Corp COM 568427108   3,241,079 363,696 SH   SOLE   363,696 0 0
Martin Midstream Partners LP UNIT L P INT 573331105   1,053,263 335,434 SH   SOLE   335,434 0 0
Matrix Service Co COM 576853105   3,375,079 257,935 SH   SOLE   257,935 0 0
Medallion Financial Corp COM 583928106   1,297,527 128,257 SH   SOLE   128,257 0 0
Mercantile Bank Corp COM 587376104   3,346,713 74,290 SH   SOLE   74,290 0 0
MICROSOFT CORP COM 594918104   1,553,850 3,000 SH   SOLE   3,000 0 0
Modine Manufacturing Co COM 607828100   1,706,760 12,000 SH   SOLE   12,000 0 0
MORGAN STANLEY COM NEW 617446448   794,800 5,000 SH   SOLE   5,000 0 0
Murphy Usa Inc COM 626755102   16,414,574 42,261 SH   SOLE   42,261 0 0
NN Inc COM 629337106   851,223 410,228 SH   SOLE   410,228 0 0
Titan America SA COMMON SHARES B9151N105   1,833,572 122,688 SH   SOLE   122,688 0 0
Flagstar Financial Inc COM NEW 649445400   846,254 73,237 SH   SOLE   73,237 0 0
Northrim BanCorp Inc COM 666762109   9,612,532 443,412 SH   SOLE   443,412 0 0
PACKAGING CORP OF AMERICA COM 695156109   501,239 2,300 SH   SOLE   2,300 0 0
Pan American Silver Corp COM 697900108   2,507,986 64,764 SH   SOLE   64,764 0 0
Patrick Industries Inc COM 703343103   6,413,056 61,982 SH   SOLE   61,982 0 0
PEOPLES BANCORP OF NC COM 710577107   657,994 21,461 SH   SOLE   21,461 0 0
Plumas Bancorp COM 729273102   8,635,822 200,355 SH   SOLE   200,355 0 0
Preferred Bank COM NEW 740367404   4,934,506 54,679 SH   SOLE   54,679 0 0
Ralliant Corp COM 750940108   2,185,750 50,000 SH   SOLE   50,000 0 0
Scotts Miracle-Gro Co CL A 810186106   2,559,752 44,975 SH   SOLE   44,975 0 0
Southern First Bancshares Inc COM 842873101   555,951 12,591 SH   SOLE   12,591 0 0
Sterling Construction Company Inc COM 859241101   23,754,949 69,957 SH   SOLE   69,957 0 0
Strattec Security Corp COM 863111100   3,323,964 48,842 SH   SOLE   48,842 0 0
SUPERIOR GROUP OF COMPANIES INC COM 868358102   181,211 16,904 SH   SOLE   16,904 0 0
Ascent Industries Co COM 871565107   2,551,930 197,824 SH   SOLE   197,824 0 0
Taylor Devices Inc COM 877163105   2,087,418 42,876 SH   SOLE   42,876 0 0
Thor Industries Inc COM 885160101   1,809,852 17,455 SH   SOLE   17,455 0 0
Timberland Bancorp Inc COM 887098101   2,171,420 65,247 SH   SOLE   65,247 0 0
Toll Brothers Inc COM 889478103   13,110,475 95,000 SH   SOLE   95,000 0 0
UFP Technologies Inc COM 902673102   15,253,889 76,402 SH   SOLE   76,402 0 0
Uranium Energy Corp COM 916896103   3,885,568 291,272 SH   SOLE   291,272 0 0
Valmont Industries Inc COM 920253101   8,845,374 22,800 SH   SOLE   22,800 0 0
Virginia National Bankshares Corp COM 928031103   1,180,650 30,269 SH   SOLE   30,269 0 0
Climb Global Solutions Inc COM 946760105   32,449,391 240,588 SH   SOLE   240,588 0 0
Westwood Holdings Group Inc COM 961765104   1,205,741 72,921 SH   SOLE   72,921 0 0
Winnebago Industries Inc COM 974637100   490,849 14,679 SH   SOLE   14,679 0 0
Worthington Enterprises Inc COM 981811102   4,661,794 84,019 SH   SOLE   84,019 0 0
Worthington Steel Inc COM SHS 982104101   1,495,744 49,194 SH   SOLE   49,194 0 0
Flex Ltd ORD Y2573F102   4,057,550 70,000 SH   SOLE   70,000 0 0
Nextracker Inc CLASS A COM 65290E101   3,920,670 53,000 SH   SOLE   53,000 0 0
Home Bancorp Inc COM 43689E107   1,248,568 22,985 SH   SOLE   22,985 0 0
Pennant Group Inc COM 70805E109   12,328,819 488,377 SH   SOLE   488,377 0 0
MR COOPER GROUP INC COM 62482R107   1,053,950 5,000 SH   SOLE   5,000 0 0
ACUITY INC COM 00508Y102   9,374,053 27,211 SH   SOLE   27,211 0 0
Gates Industrial Corporation PLC ORD SHS G39108108   3,410,911 137,509 SH   SOLE   137,509 0 0
TechnipFMC PLC COM G87110105   7,066,154 179,094 SH   SOLE   179,094 0 0
Alta Equipment Group Inc COMMON STOCK 02128L106   676,375 93,422 SH   SOLE   93,422 0 0
Ameris Bancorp COM 03076K108   2,708,014 36,935 SH   SOLE   36,935 0 0
Antero Resources Corp COM 03674X106   1,342,600 40,000 SH   SOLE   40,000 0 0
BRP Inc COM SUN VTG 05577W200   1,278,270 21,019 SH   SOLE   21,019 0 0
BWX Technologies Inc COM 05605H100   3,319,290 18,000 SH   SOLE   18,000 0 0
Bank Ozk COM 06417N103   2,752,500 54,000 SH   SOLE   54,000 0 0
BARINGS BDC INC COM 06759L103   134,072 15,305 SH   SOLE   15,305 0 0
Bluelinx Holdings Inc COM NEW 09624H208   3,778,264 51,873 SH   SOLE   51,873 0 0
B2Gold Corp COM 11777Q209   1,487,970 300,600 SH   SOLE   300,600 0 0
Builders FirstSource Inc COM 12008R107   10,248,053 84,501 SH   SOLE   84,501 0 0
CB Financial Services Inc COM 12479G101   1,133,642 34,074 SH   SOLE   34,074 0 0
CF Bankshares Inc COM 12520L109   1,234,665 51,498 SH   SOLE   51,498 0 0
Cameco Corp COM 13321L108   41,711,030 497,361 SH   SOLE   497,361 0 0
CARETRUST REIT INC COM 14174T107   1,077,612 31,073 SH   SOLE   31,073 0 0
Centrus Energy Corp CL A 15643U104   3,100,700 10,000 SH   SOLE   10,000 0 0
Colony Bankcorp Inc COM 19623P101   1,159,181 68,087 SH   SOLE   68,087 0 0
CommScope Holding Company Inc COM 20337X109   2,321,250 150,000 SH   SOLE   150,000 0 0
Customers Bancorp Inc COM 23204G100   3,397,686 52,020 SH   SOLE   52,020 0 0
DELL TECHNOLOGIES INC CL C CL C 24703L202   822,266 5,800 SH   SOLE   5,800 0 0
Dream Finders Homes Inc COM CL A 26154D100   3,898,754 150,502 SH   SOLE   150,502 0 0
East West Bancorp Inc COM 27579R104   3,511,530 33,000 SH   SOLE   33,000 0 0
Ensign Group Inc COM 29358P101   4,353,522 25,189 SH   SOLE   25,189 0 0
FS Bancorp Inc COM 30263Y104   15,429,762 385,451 SH   SOLE   385,451 0 0
First Citizens BancShares Inc (Delaware) CL A 31946M103   1,792,090 1,000 SH   SOLE   1,000 0 0
First National Corp COM 32106V107   3,137,237 138,113 SH   SOLE   138,113 0 0
First United Corp COM 33741H107   5,520,065 150,390 SH   SOLE   150,390 0 0
Forum Energy Technologies Inc COM 34984V209   5,641,972 211,389 SH   SOLE   211,389 0 0
Freeport-McMoRan Inc CL B 35671D857   4,516,900 119,000 SH   SOLE   119,000 0 0
Galiano Gold Inc COM 36352H100   964,510 443,453 SH   SOLE   443,453 0 0
Geospace Technologies Corp COM 37364X109   2,726,744 144,234 SH   SOLE   144,234 0 0
IES Holdings Inc COM 44951W106   2,788,275 7,000 SH   SOLE   7,000 0 0
Jacobs Solutions Inc COM 46982L108   3,702,160 24,700 SH   SOLE   24,700 0 0
Jewett-Cameron Trading Company Ltd COM NEW 47733C207   108,735 31,609 SH   SOLE   31,609 0 0
Karat Packaging Inc COM 48563L101   5,777,841 229,143 SH   SOLE   229,143 0 0
LCI Industries COM 50189K103   7,790,093 83,652 SH   SOLE   83,652 0 0
Landmark Bancorp Inc COM 51504L107   1,292,949 48,322 SH   SOLE   48,322 0 0
M/I Homes Inc COM 55305B101   10,776,992 74,589 SH   SOLE   74,589 0 0
MPLX LP COM UNIT REP LTD 55336V100   249,775 5,000 SH   SOLE   5,000 0 0
Malibu Boats Inc COM CL A 56117J100   3,781,368 116,478 SH   SOLE   116,478 0 0
MasterBrand Inc COMMON STOCK 57638P104   14,733,772 1,119,149 SH   SOLE   1,119,149 0 0
Metrocity Bankshares Inc COM 59165J105   2,328,357 83,935 SH   SOLE   83,935 0 0
Mid Penn Bancorp Inc COM 59540G107   2,801,680 97,824 SH   SOLE   97,824 0 0
Mosaic Co COM 61945C103   4,540,734 130,989 SH   SOLE   130,989 0 0
Mr. Cooper Group Inc COM 62482R107   24,685,266 117,100 SH   SOLE   117,100 0 0
NVR INC COM 62944T105   401,733 50 SH   SOLE   50 0 0
NETFLIX INC COM 64110L106   3,596,760 3,000 SH   SOLE   3,000 0 0
Nexgen Energy Ltd COM 65340P106   10,818,151 1,208,732 SH   SOLE   1,208,732 0 0
Nutrien Ltd COM 67077M108   2,466,000 42,000 SH   SOLE   42,000 0 0
OFG Bancorp COM 67103X102   2,175,250 50,000 SH   SOLE   50,000 0 0
OneWater Marine Inc CL A COM 68280L101   736,506 46,443 SH   SOLE   46,443 0 0
Orion Group Holdings Inc COM 68628V308   3,303,954 397,809 SH   SOLE   397,809 0 0
PBF Energy Inc CL A 69318G106   1,116,105 37,000 SH   SOLE   37,000 0 0
PINNACLE FINANCIAL PARTNERS INC COM 72346Q104   550,922 5,874 SH   SOLE   5,874 0 0
Power Solutions International Inc COM NEW 73933G202   2,062,200 21,000 SH   SOLE   21,000 0 0
Proficient Auto Logistics Inc COM 74317M104   3,819,093 554,295 SH   SOLE   554,295 0 0
Resideo Technologies Inc COM 76118Y104   1,554,660 36,000 SH   SOLE   36,000 0 0
Ring Energy Inc COM 76680V108   581,513 535,957 SH   SOLE   535,957 0 0
SLM Corp COM 78442P106   1,576,905 57,000 SH   SOLE   57,000 0 0
Talen Energy Corp COM 87422Q109   4,340,457 10,200 SH   SOLE   10,200 0 0
SOMNIGROUP INTERNATIONAL INC COM 88023U101   674,640 8,000 SH   SOLE   8,000 0 0
Tidewater Inc COM 88642R109   6,600,195 123,773 SH   SOLE   123,773 0 0
Towne Bank COM 89214P109   4,032,126 116,625 SH   SOLE   116,625 0 0
Ufp Industries Inc COM 90278Q108   6,364,410 68,054 SH   SOLE   68,054 0 0
Ulta Beauty Inc COM 90384S303   6,562,380 12,000 SH   SOLE   12,000 0 0
Vail Resorts Inc COM 91879Q109   1,731,031 11,573 SH   SOLE   11,573 0 0
V2X Inc COM 92242T101   522,945 9,000 SH   SOLE   9,000 0 0
Vital Farms Inc COM 92847W103   6,199,884 150,771 SH   SOLE   150,771 0 0
West Bancorporation Inc CAP STK 95123P106   491,357 24,156 SH   SOLE   24,156 0 0
Willdan Group Inc COM 96924N100   1,545,200 16,000 SH   SOLE   16,000 0 0
Xpel Inc COM 98379L100   827,125 25,000 SH   SOLE   25,000 0 0
Assured Guaranty Ltd COM G0585R106   4,209,628 49,721 SH   SOLE   49,721 0 0
Borr Drilling Ltd SHS G1466R173   4,836,823 1,801,424 SH   SOLE   1,801,424 0 0
Fabrinet SHS G3323L100   10,951,950 30,000 SH   SOLE   30,000 0 0
FLEX LNG Ltd SHS G35947202   1,045,178 41,500 SH   SOLE   41,500 0 0
Tsakos Energy Navigation Ltd SHS G9108L173   363,439 16,338 SH   SOLE   16,338 0 0
Golar LNG Ltd SHS G9456A100   10,643,590 263,390 SH   SOLE   263,390 0 0
Valaris Ltd CL A G9460G101   2,843,440 58,321 SH   SOLE   58,321 0 0
Scorpio Tankers Inc SHS Y7542C130   1,135,765 20,258 SH   SOLE   20,258 0 0