| Lincoln Educational Services Corporation | 110K | US$5.1M | 2.8% |
| Lindblad Expeditions Holdings Inc. | 194K | US$4.45M | 2.4% |
| Green Brick Partners, Inc. | 66,000 | US$4.44M | 2.4% |
| Blue Bird Corporation | 61,000 | US$4.13M | 2.2% |
| Escalade, Incorporated | 214K | US$4.02M | 2.2% |
| Barrett Business Services, Inc. | 120K | US$3.9M | 2.1% |
| Liquidity Services, Inc. | 107K | US$3.87M | 2.1% |
| Postal Realty Trust, Inc. | 163K | US$3.76M | 2.0% |
| United States Lime & Minerals, Inc. | 31,500 | US$3.59M | 2.0% |
| Superior Group Of Companies, Inc. | 279K | US$3.57M | 1.9% |
| Ceco Environmental Corp. | 47,000 | US$3.51M | 1.9% |
| Healthcare Services Group, Inc. | 168K | US$3.46M | 1.9% |
| Acme | 81,000 | US$3.42M | 1.9% |
| Bel Fuse Inc. | 12,000 | US$3.29M | 1.8% |
| Rocky Brands, Inc. | 85,000 | US$3.29M | 1.8% |
| Ducommun Incorporated | 20,300 | US$3.09M | 1.7% |
| Allient Inc. | 39,000 | US$3.09M | 1.7% |
| Boot Barn Holdings, Inc. | 17,000 | US$2.89M | 1.6% |
| Miller Industries, Inc. | 59,731 | US$2.86M | 1.6% |
| Movado Group Inc. | 69,000 | US$2.64M | 1.4% |
| Build-a-bear Workshop, Inc. | 67,000 | US$2.49M | 1.4% |
| Simulations Plus, Inc. | 145K | US$2.48M | 1.3% |
| Alamo Group, Inc. | 16,100 | US$2.43M | 1.3% |
| Interface, Inc. | 80,000 | US$2.37M | 1.3% |
| Nwpx Infrastructure, Inc. | 20,000 | US$2.36M | 1.3% |
| Hamilton Beach Brands Holding Company | 115K | US$2.33M | 1.3% |
| Legacy Housing Corporation | 95,000 | US$2.28M | 1.2% |
| Avino Silver & Gold Mines Ltd. | 300K | US$2.2M | 1.2% |
| Ezcorp, Inc. | 70,000 | US$2.19M | 1.2% |
| Turtle Beach Corporation | 167K | US$2.18M | 1.2% |
| Lsi Industries Inc. | 89,000 | US$2.16M | 1.2% |
| Nature's Sunshine Products, Inc. | 97,000 | US$2.06M | 1.1% |
| Mitek Systems, Inc. | 118K | US$2.03M | 1.1% |
| Radiant Logistics, Inc. | 235K | US$2M | 1.1% |
| Ethan Allen Interiors Inc. | 90,500 | US$1.87M | 1.0% |
| Asure Software Inc | 198K | US$1.83M | 0.99% |
| Eastern Company (the) | 85,000 | US$1.83M | 0.99% |
| Gcm Grosvenor Inc. | 168K | US$1.79M | 0.97% |
| Bar Harbor Bankshares, Inc. | 50,500 | US$1.76M | 0.96% |
| Crawford & Company | 168K | US$1.76M | 0.95% |
| Johnson Outdoors Inc. | 39,000 | US$1.75M | 0.95% |
| Npk International Inc. | 120K | US$1.74M | 0.95% |
| Hf Foods Group Inc. | 890K | US$1.74M | 0.94% |
| Westwood Holdings Group Inc | 102K | US$1.68M | 0.91% |
| Karat Packaging Inc. | 61,000 | US$1.65M | 0.90% |
| Gencor Industries, Inc. | 117K | US$1.65M | 0.90% |
| Infusystems Holdings, Inc. | 182K | US$1.65M | 0.90% |
| Carriage Services, Inc. | 40,000 | US$1.65M | 0.89% |
| Global Water Resources, Inc. | 223K | US$1.63M | 0.88% |
| Vitesse Energy Inc. | 92,000 | US$1.59M | 0.86% |
| Endeavour Silver Corp. | 150K | US$1.5M | 0.81% |
| Mcewen Inc. | 68,000 | US$1.49M | 0.81% |
| Vaalco Energy, Inc. | 275K | US$1.44M | 0.78% |
| First Busey Corporation | 50,000 | US$1.37M | 0.74% |
| Electromed, Inc. | 34,000 | US$1.28M | 0.70% |
| Silvercrest Asset Management Group Inc. | 110K | US$1.25M | 0.68% |
| Northern Technologies International Corporation | 148K | US$1.18M | 0.64% |
| Bk Technologies Corporation | 14,000 | US$1.16M | 0.63% |
| Powerfleet, Inc. | 295K | US$1.15M | 0.63% |
| Perma-fix Environmental Services, Inc. | 116K | US$1.14M | 0.62% |
| The Hackett Group, Inc. | 98,000 | US$1.13M | 0.61% |
| Modiv Industrial, Inc. | 60,000 | US$1.09M | 0.59% |
| Ooma, Inc. | 60,000 | US$1.06M | 0.58% |
| U.s. Global Investors, Inc. | 395K | US$1.04M | 0.57% |
| Bowman Consulting Group Ltd. | 32,000 | US$1.01M | 0.55% |
| Dhi Group, Inc. | 285K | US$1.01M | 0.55% |
| Viemed Healthcare, Inc. | 100K | US$984K | 0.53% |
| Photronics, Inc. | 30,000 | US$971K | 0.53% |
| Concrete Pumping Holdings, Inc. | 124K | US$970K | 0.53% |
| Twin Disc, Incorporated | 58,000 | US$967K | 0.53% |
| Orion Group Holdings, Inc. | 70,000 | US$963K | 0.52% |
| Virginia National Bankshares Corporation | 22,000 | US$955K | 0.52% |
| Aebi Schmidt Holding Ag | 76,000 | US$948K | 0.52% |
| Central Garden & Pet Company | 28,108 | US$931K | 0.51% |
| Flushing Financial Corporation | 57,000 | US$910K | 0.49% |
| Tennant Company | 10,500 | US$904K | 0.49% |
| Alliance Entertainment Holding Corporation | 148K | US$897K | 0.49% |
| Pure Cycle Corporation | 82,000 | US$849K | 0.46% |
| Freightcar America, Inc. | 110K | US$836K | 0.45% |
| The Beachbody Company, Inc. | 75,000 | US$821K | 0.45% |
| Mayville Engineering Company, Inc. | 30,000 | US$806K | 0.44% |
| Evi Industries, Inc. | 46,000 | US$803K | 0.44% |
| Evolution Petroleum Corporation, Inc. | 184K | US$780K | 0.42% |
| Research Solutions, Inc | 357K | US$778K | 0.42% |
| Dlh Holdings Corp. | 135K | US$757K | 0.41% |
| Consensus Cloud Solutions, Inc. | 22,000 | US$756K | 0.41% |
| Apogee Enterprises, Inc. | 19,000 | US$730K | 0.40% |
| Natural Gas Services Group, Inc. | 17,000 | US$668K | 0.36% |
| Star Equity Holdings, Inc. | 55,000 | US$643K | 0.35% |
| Ibex Limited | 20,000 | US$633K | 0.34% |
| Coda Octopus Group, Inc. | 50,000 | US$627K | 0.34% |
| Flexible Solutions International Inc. | 90,000 | US$599K | 0.33% |
| D/b/a Compass Diversified Holdings Shares Of Beneficial Interest | 52,000 | US$590K | 0.32% |
| Creative Realities, Inc. | 160K | US$589K | 0.32% |
| Shoe Carnival, Inc. | 33,000 | US$584K | 0.32% |
| Universal Technical Institute Inc | 15,000 | US$561K | 0.30% |
| Information Services Group, Inc. | 124K | US$559K | 0.30% |
| Perion Network Ltd | 65,000 | US$552K | 0.30% |
| Sensus Healthcare, Inc. | 126K | US$388K | 0.21% |
| Usio, Inc. | 180K | US$290K | 0.16% |