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   3,232,710 40,123 SH   SOLE 0 40,123 0 0
Alcoa Corp COM 013872106   771,700 20,000 SH   SOLE 0 20,000 0 0
Andersons Inc COM 034164103   1,932,126 38,550 SH   SOLE 0 38,550 0 0
Bar Harbor Bankshares COM 066849100   1,316,436 42,686 SH   SOLE 0 42,686 0 0
Barrick Gold Corp COM 067901108   3,042,405 153,000 SH   SOLE 0 153,000 0 0
Blue Bird Corp COM 095306106   2,752,968 57,417 SH   SOLE 0 57,417 0 0
Brunswick Corp COM 117043109   3,428,238 40,900 SH   SOLE 0 40,900 0 0
Build-A-Bear Workshop Inc COM 120076104   25,186,942 732,911 SH   SOLE 0 732,911 0 0
CF Industries Holdings Inc COM 125269100   3,775,400 44,000 SH   SOLE 0 44,000 0 0
CVR Partners LP COM 126633205   3,071,112 45,717 SH   SOLE 0 45,717 0 0
Capital Bancorp Inc COM 139737100   1,184,286 46,162 SH   SOLE 0 46,162 0 0
Central Pacific Financial Corp COM NEW 154760409   1,330,024 45,055 SH   SOLE 0 45,055 0 0
Citizens Financial Group Inc COM 174610105   610,498 14,863 SH   SOLE 0 14,863 0 0
Citizens Financial Services Inc COM 174615104   896,674 15,354 SH   SOLE 0 15,354 0 0
Cleaveland-Cliffs Inc COM 185899101   945,275 74,000 SH   SOLE 0 74,000 0 0
Columbia Banking System Inc COM 197236102   266,921 10,221 SH   SOLE 0 10,221 0 0
Coty Inc COM CL A 222070203   2,411,945 257,000 SH   SOLE 0 257,000 0 0
Crown Crafts Inc COM 228309100   1,900,879 396,326 SH   SOLE 0 396,326 0 0
DXP Enterprises Inc COM NEW 233377407   1,157,081 21,654 SH   SOLE 0 21,654 0 0
Deere & Co COM 244199105   4,799,245 11,500 SH   SOLE 0 11,500 0 0
Denison Mines Corp COM 248356107   3,088,873 1,687,909 SH   SOLE 0 1,687,909 0 0
Eastern Co COM 276317104   1,319,735 40,922 SH   SOLE 0 40,922 0 0
ENNIS INC COM 293389102   249,937 10,277 SH   SOLE 0 10,277 0 0
Epsilon Energy Ltd COM 294375209   855,772 146,411 SH   SOLE 0 146,411 0 0
Escalade Inc COM 296056104   1,176,726 83,886 SH   SOLE 0 83,886 0 0
Espey MFG and Electronics Corp COM 296650104   1,297,516 43,114 SH   SOLE 0 43,114 0 0
FIRST BANCORP N C COM 318910106   240,765 5,789 SH   SOLE 0 5,789 0 0
First Business Financial Services Inc COM 319390100   3,039,586 66,774 SH   SOLE 0 66,774 0 0
Fortuna Mining Corp COM NEW 349942102   1,672,200 360,000 SH   SOLE 0 360,000 0 0
L.B. Foster Co COM 350060109   960,534 46,944 SH   SOLE 0 46,944 0 0
Friedman Industries Inc COM 358435105   6,643,827 419,816 SH   SOLE 0 419,816 0 0
Garrett Motion Inc COM 366505105   2,837,501 347,520 SH   SOLE 0 347,520 0 0
Gencor Industries Inc COM 368678108   1,818,301 87,294 SH   SOLE 0 87,294 0 0
Graham Corp COM 384556106   1,880,445 63,550 SH   SOLE 0 63,550 0 0
Greenbrier Companies Inc COM 393657101   4,776,837 93,949 SH   SOLE 0 93,949 0 0
Group 1 Automotive Inc COM 398905109   5,901,357 15,400 SH   SOLE 0 15,400 0 0
Gulf Island Fabrication Inc COM 402307102   1,343,874 241,270 SH   SOLE 0 241,270 0 0
Hanmi Financial Corp COM NEW 410495204   959,029 51,533 SH   SOLE 0 51,533 0 0
Hawkins Inc COM 420261109   11,745,023 92,024 SH   SOLE 0 92,024 0 0
Hayward Holdings Inc COM 421298100   5,182,448 337,949 SH   SOLE 0 337,949 0 0
Helmerich and Payne Inc COM 423452101   1,739,738 57,200 SH   SOLE 0 57,200 0 0
Hingham Institution For Savings COM 433323102   4,413,999 18,227 SH   SOLE 0 18,227 0 0
Hyster-Yale Materials Handling Inc CL A 449172105   2,564,358 40,241 SH   SOLE 0 40,241 0 0
Innovex International Inc COM 457651107   3,276,726 223,591 SH   SOLE 0 223,591 0 0
Johnson Outdoors Inc CL A 479167108   3,838,691 105,925 SH   SOLE 0 105,925 0 0
Kewaunee Scientific Corp COM 492854104   1,446,455 42,958 SH   SOLE 0 42,958 0 0
Vital Energy Inc COM 516806205   646,734 24,002 SH   SOLE 0 24,002 0 0
Lifeway Foods Inc COM 531914109   1,551,642 59,782 SH   SOLE 0 59,782 0 0
LIMONEIRA COMPANY COM 532746104   269,320 10,163 SH   SOLE 0 10,163 0 0
Manitex International Inc COM 563420108   6,775,535 1,202,466 SH   SOLE 0 1,202,466 0 0
Manitowoc Company Inc COM NEW 563571405   228,575 23,750 SH   SOLE 0 23,750 0 0
MarineMax Inc COM 567908108   4,727,507 134,149 SH   SOLE 0 134,149 0 0
Marine Products Corp COM 568427108   2,900,534 297,992 SH   SOLE 0 297,992 0 0
Martin Midstream Partners LP UNIT L P INT 573331105   953,345 260,833 SH   SOLE 0 260,833 0 0
Matrix Service Co COM 576853105   2,129,269 184,592 SH   SOLE 0 184,592 0 0
Medallion Financial Corp COM 583928106   841,629 103,545 SH   SOLE 0 103,545 0 0
Mercantile Bank Corp COM 587376104   2,416,681 55,310 SH   SOLE 0 55,310 0 0
MICROSOFT CORP COM 594918104   1,290,900 3,000 SH   SOLE 0 3,000 0 0
MORGAN STANLEY COM NEW 617446448   521,200 5,000 SH   SOLE 0 5,000 0 0
Murphy Usa Inc COM 626755102   17,432,246 35,406 SH   SOLE 0 35,406 0 0
Myers Industries Inc COM 628464109   1,059,215 76,745 SH   SOLE 0 76,745 0 0
NBT BANCORP INC COM 628778102   222,610 5,033 SH   SOLE 0 5,033 0 0
NN Inc COM 629337106   1,314,933 337,595 SH   SOLE 0 337,595 0 0
New York Community Bancorp Inc COM NEW 649445400   485,768 43,237 SH   SOLE 0 43,237 0 0
Northrim BanCorp Inc COM 666762109   5,475,850 77,095 SH   SOLE 0 77,095 0 0
PACKAGING CORP OF AMERICA COM 695156109   495,420 2,300 SH   SOLE 0 2,300 0 0
Patrick Industries Inc COM 703343103   5,009,518 35,201 SH   SOLE 0 35,201 0 0
PEOPLES BANCORP OF NC COM 710577107   544,895 21,461 SH   SOLE 0 21,461 0 0
Plumas Bancorp COM 729273102   6,067,991 149,779 SH   SOLE 0 149,779 0 0
Preferred Bank COM NEW 740367404   3,290,311 41,034 SH   SOLE 0 41,034 0 0
Scotts Miracle-Gro Co CL A 810186106   10,162,131 117,190 SH   SOLE 0 117,190 0 0
Seabridge Gold Inc COM 811916105   672,000 40,000 SH   SOLE 0 40,000 0 0
SOUTHSTATE CORP COM 840441109   252,765 2,601 SH   SOLE 0 2,601 0 0
Southern First Bancshares Inc COM 842873101   430,844 12,591 SH   SOLE 0 12,591 0 0
Sterling Construction Company Inc COM 859241101   11,431,899 78,857 SH   SOLE 0 78,857 0 0
Strattec Security Corp COM 863111100   1,829,867 43,094 SH   SOLE 0 43,094 0 0
Superior Group of Companies Inc COM 868358102   984,443 63,540 SH   SOLE 0 63,540 0 0
Ascent Industries Co COM 871565107   1,913,947 197,824 SH   SOLE 0 197,824 0 0
Taylor Devices Inc COM 877163105   1,165,673 23,599 SH   SOLE 0 23,599 0 0
Thor Industries Inc COM 885160101   2,549,567 23,205 SH   SOLE 0 23,205 0 0
Thryv Holdings Inc COM NEW 886029206   1,174,817 68,224 SH   SOLE 0 68,224 0 0
Timberland Bancorp Inc COM 887098101   1,619,340 53,633 SH   SOLE 0 53,633 0 0
Toll Brothers Inc COM 889478103   3,398,010 22,000 SH   SOLE 0 22,000 0 0
UFP Technologies Inc COM 902673102   21,069,765 66,573 SH   SOLE 0 66,573 0 0
Valmont Industries Inc COM 920253101   5,453,504 18,800 SH   SOLE 0 18,800 0 0
Virginia National Bankshares Corp COM 928031103   1,258,943 30,269 SH   SOLE 0 30,269 0 0
Climb Global Solutions Inc COM 946760105   19,272,104 194,280 SH   SOLE 0 194,280 0 0
Westwood Holdings Group Inc COM 961765104   972,258 68,680 SH   SOLE 0 68,680 0 0
Willamette Valley Vineyards Inc COM 969136100   34,300 10,000 SH   SOLE 0 10,000 0 0
Winnebago Industries Inc COM 974637100   8,439,570 145,223 SH   SOLE 0 145,223 0 0
Worthington Enterprises Inc COM 981811102   1,077,967 26,019 SH   SOLE 0 26,019 0 0
Worthington Steel Inc COM SHS 982104101   1,673,826 49,194 SH   SOLE 0 49,194 0 0
Home Bancorp Inc COM 43689E107   1,114,238 24,985 SH   SOLE 0 24,985 0 0
Pennant Group Inc COM 70805E109   12,253,908 343,340 SH   SOLE 0 343,340 0 0
Alta Equipment Group Inc COMMON STOCK 02128L106   1,044,390 155,069 SH   SOLE 0 155,069 0 0
Ameris Bancorp COM 03076K108   1,183,867 18,968 SH   SOLE 0 18,968 0 0
Antero Resources Corp COM 03674X106   1,433,000 50,000 SH   SOLE 0 50,000 0 0
Atlantic Union Bankshares Corp COM 04911A107   1,097,081 29,118 SH   SOLE 0 29,118 0 0
BRP Inc COM SUN VTG 05577W200   1,643,050 27,605 SH   SOLE 0 27,605 0 0
Bm Technologies Inc CL A COM 05591L107   1,512,497 444,852 SH   SOLE 0 444,852 0 0
BM Technologies Inc (Warrant 04-01-2026) *W EXP 01/04/202 05591L115   8,672 279,757 SH   SOLE 0 279,757 0 0
BG Staffing Inc COM 05601C105   204,823 24,834 SH   SOLE 0 24,834 0 0
Bank Ozk COM 06417N103   1,891,560 44,000 SH   SOLE 0 44,000 0 0
BARINGS BDC INC COM 06759L103   149,989 15,305 SH   SOLE 0 15,305 0 0
Bluelinx Holdings Inc COM NEW 09624H208   5,094,609 48,373 SH   SOLE 0 48,373 0 0
Blueprint Medicines Corp COM 09627Y109   462,275 5,000 SH   SOLE 0 5,000 0 0
B2Gold Corp COM 11777Q209   1,386,000 450,000 SH   SOLE 0 450,000 0 0
Builders FirstSource Inc COM 12008R107   14,548,456 75,001 SH   SOLE 0 75,001 0 0
CB Financial Services Inc COM 12479G101   822,504 29,255 SH   SOLE 0 29,255 0 0
CF Bankshares Inc COM 12520L109   1,119,567 51,498 SH   SOLE 0 51,498 0 0
Cameco Corp COM 13321L108   22,583,079 472,706 SH   SOLE 0 472,706 0 0
CARETRUST REIT INC COM 14174T107   958,913 31,073 SH   SOLE 0 31,073 0 0
Celestica Inc COM 15101Q207   10,052,351 196,623 SH   SOLE 0 196,623 0 0
Cenovus Energy Inc COM 15135U109   4,518,450 270,000 SH   SOLE 0 270,000 0 0
Colony Bankcorp Inc COM 19623P101   1,057,732 68,087 SH   SOLE 0 68,087 0 0
COMPASS DIVERSIFIED HOLDINGS SH BEN INT 20451Q104   338,589 15,300 SH   SOLE 0 15,300 0 0
Customers Bancorp Inc COM 23204G100   1,950,989 42,020 SH   SOLE 0 42,020 0 0
DLH Holdings Corp COM 23335Q100   215,932 23,045 SH   SOLE 0 23,045 0 0
DELL TECHNOLOGIES INC CL C CL C 24703L202   687,532 5,800 SH   SOLE 0 5,800 0 0
Dream Finders Homes Inc COM CL A 26154D100   6,263,131 172,943 SH   SOLE 0 172,943 0 0
Ensign Group Inc COM 29358P101   3,168,080 22,010 SH   SOLE 0 22,010 0 0
Evans Bancorp Inc COM NEW 29911Q208   1,829,369 46,943 SH   SOLE 0 46,943 0 0
FS Bancorp Inc COM 30263Y104   15,982,252 358,765 SH   SOLE 0 358,765 0 0
First National Corp COM 32106V107   641,623 35,895 SH   SOLE 0 35,895 0 0
First United Corp COM 33741H107   3,619,098 120,838 SH   SOLE 0 120,838 0 0
Forum Energy Technologies Inc COM 34984V209   3,416,736 221,938 SH   SOLE 0 221,938 0 0
Freeport-McMoRan Inc CL B 35671D857   5,955,820 119,000 SH   SOLE 0 119,000 0 0
Galiano Gold Inc COM 36352H100   1,153,814 815,416 SH   SOLE 0 815,416 0 0
Geospace Technologies Corp COM 37364X109   1,495,707 144,234 SH   SOLE 0 144,234 0 0
Jewett-Cameron Trading Company Ltd COM NEW 47733C207   251,938 50,948 SH   SOLE 0 50,948 0 0
Karat Packaging Inc COM 48563L101   3,856,092 149,143 SH   SOLE 0 149,143 0 0
LCI Industries COM 50189K103   2,975,373 24,652 SH   SOLE 0 24,652 0 0
Landmark Bancorp Inc COM 51504L107   1,369,270 67,595 SH   SOLE 0 67,595 0 0
Lazydays Holdings Inc COM 52110H100   376,028 250,685 SH   SOLE 0 250,685 0 0
M/I Homes Inc COM 55305B101   12,782,317 74,589 SH   SOLE 0 74,589 0 0
MPLX LP COM UNIT REP LTD 55336V100   222,350 5,000 SH   SOLE 0 5,000 0 0
Malibu Boats Inc COM CL A 56117J100   4,130,690 106,369 SH   SOLE 0 106,369 0 0
MasterBrand Inc COMMON STOCK 57638P104   20,471,953 1,104,493 SH   SOLE 0 1,104,493 0 0
Metrocity Bankshares Inc COM 59165J105   2,424,623 79,249 SH   SOLE 0 79,249 0 0
Mid Penn Bancorp Inc COM 59540G107   1,825,604 61,263 SH   SOLE 0 61,263 0 0
Mosaic Co COM 61945C103   2,436,230 90,989 SH   SOLE 0 90,989 0 0
Mr. Cooper Group Inc COM 62482R107   1,105,620 12,000 SH   SOLE 0 12,000 0 0
NVR INC COM 62944T105   490,590 50 SH   SOLE 0 50 0 0
Nov Inc COM 62955J103   1,989,924 124,721 SH   SOLE 0 124,721 0 0
Nexgen Energy Ltd COM 65340P106   7,697,120 1,178,732 SH   SOLE 0 1,178,732 0 0
NVIDIA CORP COM 67066G104   2,428,800 20,000 SH   SOLE 0 20,000 0 0
Nutrien Ltd COM 67077M108   1,297,515 27,000 SH   SOLE 0 27,000 0 0
OneWater Marine Inc CL A COM 68280L101   1,390,240 58,043 SH   SOLE 0 58,043 0 0
Orion Group Holdings Inc COM 68628V308   2,144,782 375,144 SH   SOLE 0 375,144 0 0
Ovintiv Inc COM 69047Q102   383,050 10,000 SH   SOLE 0 10,000 0 0
PBF Energy Inc CL A 69318G106   1,145,335 37,000 SH   SOLE 0 37,000 0 0
Permian Resources Corp CLASS A COM 71424F105   2,432,764 178,814 SH   SOLE 0 178,814 0 0
PINNACLE FINANCIAL PARTNERS INC COM 72346Q104   575,476 5,874 SH   SOLE 0 5,874 0 0
PRIMIS FINL CORP COM 74167B109   255,975 21,016 SH   SOLE 0 21,016 0 0
Proficient Auto Logistics Inc COM 74317M104   7,905,865 557,000 SH   SOLE 0 557,000 0 0
Ring Energy Inc COM 76680V108   940,461 585,957 SH   SOLE 0 585,957 0 0
SEACOR Marine Holdings Inc COM 78413P101   991,591 102,490 SH   SOLE 0 102,490 0 0
SM Energy Co COM 78454L100   1,598,800 40,000 SH   SOLE 0 40,000 0 0
SentinelOne Inc CL A 81730H109   956,600 40,000 SH   SOLE 0 40,000 0 0
Six Flags Entertainment Corp COM 83001C108   2,986,891 74,064 SH   SOLE 0 74,064 0 0
STEEL PARTNERS HOLDINGS LTD PARTNERSHIP LTD PRTRSHIP U 85814R107   924,299 22,877 SH   SOLE 0 22,877 0 0
SUPER MICRO COMPUTER INC NEW COM 86800U104   1,249,200 3,000 SH   SOLE 0 3,000 0 0
TEMPUR SEALY INTL INC COM 88023U101   436,800 8,000 SH   SOLE 0 8,000 0 0
Tidewater Inc COM 88642R109   4,907,151 68,359 SH   SOLE 0 68,359 0 0
Tortoise Energy Infrastructure Corp COM 89147L886   2,593,337 66,093 SH   SOLE 0 66,093 0 0
Towne Bank COM 89214P109   3,856,021 116,625 SH   SOLE 0 116,625 0 0
Triple Flag Precious Metals Corp COM 89679M104   1,925,149 119,020 SH   SOLE 0 119,020 0 0
Ufp Industries Inc COM 90278Q108   8,664,633 66,054 SH   SOLE 0 66,054 0 0
Ulta Beauty Inc COM 90384S303   3,503,160 9,000 SH   SOLE 0 9,000 0 0
V2X Inc COM 92242T101   502,470 9,000 SH   SOLE 0 9,000 0 0
Vertiv Holdings Co COM CL A 92537N108   1,194,360 12,000 SH   SOLE 0 12,000 0 0
Village Bank and Trust Financial Corp COM NEW 92705T200   608,785 7,971 SH   SOLE 0 7,971 0 0
Vital Farms Inc COM 92847W103   4,240,813 120,826 SH   SOLE 0 120,826 0 0
West Bancorporation Inc CAP STK 95123P106   611,538 32,156 SH   SOLE 0 32,156 0 0
William Penn Bancorp COM 96927A105   192,889 15,682 SH   SOLE 0 15,682 0 0
YETI HOLDINGS INC COM 98585X104   533,390 13,000 SH   SOLE 0 13,000 0 0
Assured Guaranty Ltd COM G0585R106   1,747,005 21,968 SH   SOLE 0 21,968 0 0
Borr Drilling Ltd SHS G1466R173   8,619,261 1,571,424 SH   SOLE 0 1,571,424 0 0
CAPRI HOLDINGS LTD SHS G1890L107   318,300 7,500 SH   SOLE 0 7,500 0 0
FLEX LNG Ltd SHS G35947202   1,056,175 41,500 SH   SOLE 0 41,500 0 0
Gates Industrial Corporation PLC ORD SHS G39108108   1,866,577 106,388 SH   SOLE 0 106,388 0 0
Weatherford International PLC ORD SHS G48833118   3,395,600 40,000 SH   SOLE 0 40,000 0 0
Noble Corp (Cayman Island) ORD SHS A G65431127   3,349,399 92,640 SH   SOLE 0 92,640 0 0
Roivant Sciences Ltd SHS G76279101   1,038,150 90,000 SH   SOLE 0 90,000 0 0
Seadrill Ltd COM G7997W102   4,011,872 100,953 SH   SOLE 0 100,953 0 0
Smurfit Westrock PLC SHS G8267P108   4,940,500 100,000 SH   SOLE 0 100,000 0 0
TechnipFMC PLC COM G87110105   4,436,181 169,094 SH   SOLE 0 169,094 0 0
Tsakos Energy Navigation Ltd SHS G9108L173   410,165 16,338 SH   SOLE 0 16,338 0 0
Golar LNG Ltd SHS G9456A100   9,168,823 249,390 SH   SOLE 0 249,390 0 0
Valaris Ltd CL A G9460G101   3,252,271 58,321 SH   SOLE 0 58,321 0 0
Bunge Ltd COM SHS H11356104   2,153,608 22,286 SH   SOLE 0 22,286 0 0
Transocean Ltd REGISTERED SHS H8817H100   425,500 100,000 SH   SOLE 0 100,000 0 0
Urogen Pharma Ltd COM M96088105   1,035,585 81,510 SH   SOLE 0 81,510 0 0
Playa Hotels & Resorts NV SHS N70544106   1,777,058 229,150 SH   SOLE 0 229,150 0 0
Scorpio Tankers Inc SHS Y7542C130   1,444,497 20,258 SH   SOLE 0 20,258 0 0