Q3 2025 Holdings
Filed 2025-11-14 | 47 holdings | $148.5M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Bank7 Corp(BSVN) | COMM | 06652N107 | $20.9M | 451,966 | 14.1% |
| Acme United Corp(ACU) | COMM | 004816104 | $15.6M | 379,893 | 10.5% |
| DLH Holdings Corp(DLHC) | COMM | 23335Q100 | $14.5M | 2,566,349 | 9.8% |
| American Integrity Insurance(AII) | COMM | 026948109 | $10.7M | 478,473 | 7.2% |
| Currency Exchange Internatio(CURN) | COMM | 23131B307 | $10.5M | 607,971 | 7.1% |
| Ascent Industries Co(ACNT) | COMM | 871565107 | $10.3M | 797,024 | 6.9% |
| Envela Corporation(ELA) | COMM | 29402E102 | $10.1M | 1,298,209 | 6.8% |
| Duos Technologies Group Inc(DUOT) | COMM | 266042407 | $5.8M | 782,079 | 3.9% |
| Twin Disc Inc(TWIN) | COMM | 901476101 | $4.2M | 298,520 | 2.8% |
| Astro-Med Inc(ALOT) | COMM | 04638F108 | $3.9M | 380,861 | 2.6% |
| Crawford United Corporation(CRAWA) | COMM | 22511P100 | $3.6M | 46,326 | 2.5% |
| Rimini Street Inc(RMNI) | COMM | 76674Q107 | $3.5M | 749,574 | 2.4% |
| Star Equity Holdings Inc(STRR) | COMM | 443787205 | $3.5M | 314,454 | 2.4% |
| Friedman Industries(FRD) | COMM | 358435105 | $3.3M | 151,169 | 2.2% |
| RED Robin Gourmet Burgers(RRGB) | COMM | 75689M101 | $3.2M | 459,452 | 2.1% |
| Heritage Global Inc(HGBL) | COMM | 42727E103 | $3.1M | 1,882,222 | 2.1% |
| Opus Genetics Inc(IRD) | COMM | 67577R102 | $2.0M | 1,237,947 | 1.4% |
| Electrovaya Inc(ELVA) | COMM | 28617B606 | $2.0M | 346,467 | 1.4% |
| Butler National Corp(BUKS) | COMM | 123720104 | $2.0M | 1,032,137 | 1.4% |
| Holley Inc(HLLY) | WRNT | 43538H103 | $1.7M | 551,738 | 1.2% |
| BBX Capital Inc(BBXIA) | COMM | 073319105 | $1.7M | 400,801 | 1.2% |
| Forte Biosciences Inc(FBRX) | COMM | 34962G208 | $1.2M | 81,312 | 0.8% |
| Amrep Corp(AXR) | COMM | 032159105 | $1.2M | 50,000 | 0.8% |
| KVH Industries Inc(KVHI) | COMM | 482738101 | $960.8K | 171,569 | 0.6% |
| Natural Alternatives Intl(NAII) | COMM | 638842302 | $838.3K | 293,709 | 0.6% |
| Mdxhealth SA(MDXH) | ADRS | B5950S113 | $742.8K | 159,734 | 0.5% |
| Full House Resorts Inc(FLL) | COMM | 359678109 | $665.1K | 207,198 | 0.4% |
| Sportsman`s Warehouse Holdin(SPWH) | COMM | 84920Y106 | $659.7K | 238,144 | 0.4% |
| Fluent, Inc(FLNT) | COMM | 34380C201 | $634.3K | 285,714 | 0.4% |
| Freightos LTD | COMM | G51405101 | $558.9K | 169,351 | 0.4% |
| Codexis Inc(CDXS) | COMM | 192005106 | $536.8K | 220,000 | 0.4% |
| Kewaunee Scientific CP(KEQU) | COMM | 492854104 | $493.5K | 11,571 | 0.3% |
| Laird Superfood Inc(LSF) | COMM | 50736T102 | $477.7K | 85,606 | 0.3% |
| Quest Resource Holding Corp(QRHC) | COMM | 74836W203 | $474.9K | 304,418 | 0.3% |
| Exagen Inc(XGN) | COMM | 30068X103 | $439.6K | 40,000 | 0.3% |
| Fossil Inc(FOSL) | COMM | 34988V106 | $385.5K | 150,000 | 0.3% |
| Century Casinos Inc(CNTY) | COMM | 156492100 | $355.0K | 136,001 | 0.2% |
| Regis Corp(RGS) | COMM | 758932206 | $267.2K | 9,165 | 0.2% |
| Canterbury Park Holding Corp(CPHC) | COMM | 13811E101 | $239.1K | 14,589 | 0.2% |
| Access Newswire Inc(ACCS) | COMM | 46520M204 | $218.8K | 20,396 | 0.1% |
| Optex Systems Holdings Inc(OPXS) | COMM | 68384X209 | $205.1K | 15,913 | 0.1% |
| Stran & Co Inc(SWAG) | COMM | 86260J102 | $168.6K | 101,540 | 0.1% |
| Ranpak Holdings Corp(PACK) | COMM | 75321W103 | $140.5K | 25,000 | 0.1% |
| Salem Media Group Inc | COMM | 794093104 | $96.4K | 115,705 | 0.1% |
| Birchtech Corp | COMM | 59833H101 | $95.0K | 131,000 | 0.1% |
| Xtant Medical Holdings Inc(XTNT) | COMM | 98420P308 | $71.0K | 109,466 | 0.0% |
| Dawson Geophysical Co(DWSN) | COMM | 239360100 | $65.9K | 37,460 | 0.0% |