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
Estimated average burden
hours per response: 23.8
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
ARMSTRONG WORLD INDS INC. COM 04247X102   88,341 711,163 SH   SOLE   348,417 0 362,746
ATS CORPORATION COM 00217Y104   7,828 232,697 SH   SOLE   232,697 0 0
BAIDU INC SPON ADR REP A SPON ADR REP A 056752108   168 1,600 SH   SOLE   1,600 0 0
BANK OZK COM 06417N103   90,182 1,983,774 SH   SOLE   969,912 0 1,013,862
BIO-TECHNE CORP COM 09073M104   1,425 20,239 SH   SOLE   20,239 0 0
BLACKBAUD INC. COM 09227Q100   47,985 647,216 SH   SOLE   308,866 0 338,350
BRADY CORP CL A CL A 104674106   68,075 1,148,361 SH   SOLE   547,944 0 600,417
BRUNSWICK CORP. COM 117043109   80,974 838,931 SH   SOLE   410,250 0 428,681
CANADA GOOSE HOLDINGS INC. SHS SUB VTG 135086106   5,291 438,992 SH   SOLE   438,992 0 0
CERENCE INC. COM 156727109   60,867 3,864,545 SH   SOLE   1,881,826 0 1,982,719
CHARLES RIVER LABORATORIES COM 159864107   84,392 311,466 SH   SOLE   152,956 0 158,510
CHEMED CORP. COM 16359R103   74,348 115,819 SH   SOLE   56,592 0 59,227
COLLIERS INTERNATIONAL GROUP INC. SUB VTG SHS 194693107   7,914 64,767 SH   SOLE   64,767 0 0
DADA NEXUS LTD. ADR ADS 23344D108   461 224,925 SH   SOLE   224,925 0 0
DIGITALOCEAN HLDGS INC. COM 25402D102   47,854 1,253,372 SH   SOLE   597,993 0 655,379
DOUBLEVERIFY HOLDINGS INC. COM 25862V105   85,074 2,419,614 SH   SOLE   1,182,467 0 1,237,147
ENSIGN GROUP INC. COM 29358P101   106,852 858,799 SH   SOLE   420,102 0 438,697
ENVESTNET INC. COM 29404K106   102,482 1,769,673 SH   SOLE   862,954 0 906,719
EURONET WORLDWIDE INC. COM 298736109   110,816 1,008,063 SH   SOLE   490,665 0 517,398
FEDERAL SIGNAL CORP. COM 313855108   103,931 1,224,590 SH   SOLE   598,629 0 625,961
FIRST ADVANTAGE CORP. COM 31846B108   1,443 88,950 SH   SOLE   88,950 0 0
FIVE9 INC COM 338307101   53,000 853,332 SH   SOLE   417,503 0 435,829
FOX FACTORY HOLDING CORP. COM 35138V102   46,838 899,516 SH   SOLE   437,470 0 462,046
FTI CONSULTING INC. COM 302941109   71,544 340,218 SH   SOLE   166,656 0 173,562
GENTHERM INC. COM 37253A103   77,383 1,343,920 SH   SOLE   641,916 0 702,004
GLOBUS MEDICAL INC. CL A 379577208   82,732 1,542,351 SH   SOLE   750,760 0 791,591
GODADDY INC. CL A 380237107   1,557 13,121 SH   SOLE   13,121 0 0
GRAB HOLDINGS LIMITED CLASS A ORD CLASS A ORD G4124C109   200 63,600 SH   SOLE   63,600 0 0
GRAND CANYON EDUCATION INC. COM 38526M106   101,535 745,431 SH   SOLE   362,674 0 382,757
GROCERY OUTLET HLDG CORP. COM 39874R101   83,136 2,888,662 SH   SOLE   1,406,599 0 1,482,063
HAMILTON LANE INC. CL A 407497106   98,726 875,540 SH   SOLE   428,145 0 447,395
HEALTHEQUITY INC. COM 42226A107   74,558 913,361 SH   SOLE   436,502 0 476,859
HOULIHAN LOKEY INC. CL A 441593100   90,244 703,988 SH   SOLE   344,628 0 359,360
INSTALLED BLDG PRODS INC. COM 45780R101   83,323 322,047 SH   SOLE   157,775 0 164,272
IRIDIUM COMMUNICATIONS INC. COM 46269C102   87,056 3,327,819 SH   SOLE   1,616,085 0 1,711,734
KULICKE & SOFFA INDUSTRIES ADR COM 501242101   1,135 22,566 SH   SOLE   22,566 0 0
LAUREATE EDUCATION INC. COMMON STOCK 518613203   99,082 6,800,407 SH   SOLE   3,314,890 0 3,485,517
MARKETAXESS HOLDINGS INC. COM 57060D108   35,441 161,647 SH   SOLE   79,343 0 82,304
MARRIOTT VACATIONS WORLDWIDE CORP. COM 57164Y107   65,303 606,171 SH   SOLE   290,409 0 315,762
MAXIMUS INC. COM 577933104   95,454 1,137,713 SH   SOLE   552,729 0 584,984
NMI HOLDINGS INC. CL A CL A 629209305   77,634 2,400,549 SH   SOLE   1,149,451 0 1,251,098
ORMAT TECHNOLOGIES INC. COM 686688102   85,857 1,297,137 SH   SOLE   632,236 0 664,901
PAYLOCITY HLDG CORP. COM 70438V106   82,720 481,323 SH   SOLE   235,005 0 246,318
PENNANT GROUP INC. COM 70805E109   2,006 102,183 SH   SOLE   102,183 0 0
PLANET FITNESS INC CL A CL A 72703H101   75,648 1,207,850 SH   SOLE   588,007 0 619,843
PRIMORIS SERVICES CORP. COM 74164F103   75,794 1,780,450 SH   SOLE   849,450 0 931,000
PTC INC. COM 69370C100   2,046 10,830 SH   SOLE   10,830 0 0
QUALYS INC. COM 74758T303   61,309 367,406 SH   SOLE   179,754 0 187,652
RLI CORP. COM 749607107   81,408 548,310 SH   SOLE   268,076 0 280,234
SHAKE SHACK INC. CL A CL A 819047101   77,693 746,833 SH   SOLE   365,615 0 381,218
SILICON LABORATORIES INC. COM 826919102   80,796 562,174 SH   SOLE   275,129 0 287,045
SOTERA HEALTH CO. COM 83601L102   867 72,189 SH   SOLE   72,189 0 0
STONEX GROUP INC. COM 861896108   97,930 1,393,824 SH   SOLE   679,471 0 714,353
TEMPUR SEALY INTERNATIONAL INC. COM 88023U101   77,558 1,364,975 SH   SOLE   664,426 0 700,549
TRACTOR SUPPLY COMPANY COM 892356106   1,604 6,130 SH   SOLE   6,130 0 0
TUCOWS INC. COM NEW 898697206   4,023 218,324 SH   SOLE   218,324 0 0
UNIVERSAL HEALTH SERVICES CL B 913903100   47,494 260,299 SH   SOLE   124,286 0 136,013
VICTORY CAP HLDGS INC. COM CL A COM CL A 92645B103   83,406 1,965,734 SH   SOLE   964,175 0 1,001,559
VIPSHOP HOLDINGS LIMITED ADR SPONSORED ADS A 92763W103   890 53,799 SH   SOLE   53,799 0 0
YETI HOLDINGS INC. COM 98585X104   69,883 1,812,783 SH   SOLE   879,258 0 933,525
YUM CHINA HOLDINGS COM 98850P109   953 24,200 SH   SOLE   24,200 0 0