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Holdings, Q3 2026

Largest first. Common shares only; puts and calls are under All positions.

Latest 13F holdings
#The fund's own figures at the end of the quarter. A report can be up to 45 days old when it is filed. Options and bonds are not counted here.Filing
1BSVN
Bank7 Corp.
475,610$25.9M12.2%Unchanged13F ↗
2ACU
Acme United Corporation.
380,815$24.2M11.4%Unchanged13F ↗
3AII
American Integrity Insurance Group, Inc.
670,679$16.8M7.9%-31.4%13F ↗
4ELA
Envela Corporation
1.30M$15.7M7.4%+4.0%13F ↗
5Currency Exchange Internatio613,221$13.5M6.4%Unchanged13F ↗
6ACNT
Ascent Industries Co.
898,105$12.7M6.0%+1.5%13F ↗
7DLHC
DLH Holdings Corp.
2.88M$10.7M5.0%+2.3%13F ↗
8RCMT
RCM Technologies, Inc.
230,556$9.4M4.4%+71.2%13F ↗
9LGCY
Legacy Education Inc.
773,395$7.5M3.5%+98.6%13F ↗
10RRGB
Red Robin Gourmet Burgers, Inc.
939,554$7.1M3.3%+126%13F ↗
11Butler National Corp
Comm
1.56M$6.3M3.0%+10.1%13F ↗
12RMNI
Rimini Street, Inc.
1.13M$4.8M2.3%-52.2%13F ↗
13FNWB
First Northwest Bancorp
440,642$4.4M2.1%+5.7%13F ↗
14XGN
Exagen Inc.
531,673$4.3M2.0%+11.7%13F ↗
15OPRX
OptimizeRx Corporation
500,483$4.2M2.0%+254%13F ↗
16RGS
Regis Corporation
116,732$3.5M1.6%+3.9%13F ↗
17DTI
Drilling Tools International Corporation
1.38M$3.2M1.5%New13F ↗
18STRR
Star Equity Holdings, Inc.
316,139$3.1M1.5%Unchanged13F ↗
19CREX
Creative Realities, Inc.
1.17M$3.0M1.4%+0.1%13F ↗
20HGBL
Heritage Global Inc.
2.27M$3.0M1.4%Unchanged13F ↗
21Citizens Bancshares Corp
Comm
32,700$2.1M1.0%+44.1%13F ↗
22ICCC
ImmuCell Corporation
203,744$2.0M0.9%New13F ↗
23MPAA
Motorcar Parts of America, Inc.
165,659$1.7M0.8%+134%13F ↗
24OPHC
OptimumBank Holdings, Inc.
187,103$1.6M0.8%+138%13F ↗
25LAB
Standard BioTools Inc.
2.19M$1.6M0.8%Unchanged13F ↗
26HCAT
Health Catalyst, Inc
925,510$1.6M0.8%+25.4%13F ↗
27AXR
AMREP Corporation
64,104$1.4M0.7%+26.6%13F ↗
28FLNT
Fluent, Inc.
435,642$1.4M0.6%+6.5%13F ↗
29SWAG
Stran & Company, Inc.
919,072$1.3M0.6%+21.5%13F ↗
30CHCI
Comstock Holding Companies, Inc.
66,756$1.3M0.6%-45.0%13F ↗
31LSF
Laird Superfood, Inc.
351,021$1.2M0.6%-3.0%13F ↗
32ACR
ACRES Commercial Realty Corp.
101,534$1.1M0.5%-0.1%13F ↗
33HIT
Health In Tech, Inc.
1.24M$1.0M0.5%+9.4%13F ↗
34HBIO
Harvard Bioscience, Inc.
124,199$983.7K0.5%+272%13F ↗
35FTLF
FitLife Brands, Inc.
80,633$749.9K0.4%+72.9%13F ↗
36KEQU
Kewaunee Scientific Corporation · Comm
21,447$738.8K0.3%Unchanged13F ↗
37McDermott Int453,380$680.1K0.3%New13F ↗
38OPXS
Optex Systems Holdings, Inc.
62,284$669.6K0.3%Unchanged13F ↗
39LNSR
LENSAR, Inc.
100,000$659.0K0.3%New13F ↗
40NTWK
NETSOL Technologies Inc. · Com Par $.001
109,346$600.3K0.3%Unchanged13F ↗
41CSBR
Champions Oncology, Inc.
111,338$556.7K0.3%Unchanged13F ↗
42LUNG
Pulmonx Corporation
244,988$467.9K0.2%New13F ↗
43NAII
Natural Alternatives International, Inc.
293,447$437.2K0.2%Unchanged13F ↗
44QRHC
Quest Resource Holding Corporation
295,587$402.0K0.2%Unchanged13F ↗
45STHO
Star Holdings · Shs Ben Int
43,843$375.7K0.2%New13F ↗
46Fractyl Health Inc573,145$312.0K0.1%+62.5%13F ↗
47Endi Corp20,000$304.6K0.1%New13F ↗
48SIF
SIFCO Industries, Inc.
13,385$303.0K0.1%New13F ↗
49CRGO
Freightos Limited
289,198$274.8K0.1%Unchanged13F ↗
50CPHC
Canterbury Park Holding Corporation
14,589$227.6K0.1%Unchanged13F ↗

Changes since Q2 2026

12 new, 24 added to, 5 trimmed, 5 exited, 18 unchanged. By estimated dollars.

New positions (12)

New positions
DTI
Drilling Tools International Corporation
1.38MNew$3.2M
ICCC
ImmuCell Corporation
203,744New$2.0M
McDermott Int453,380New$680.1K
LNSR
LENSAR, Inc.
100,000New$659.0K
LUNG
Pulmonx Corporation
244,988New$467.9K
STHO
Star Holdings · Shs Ben Int
43,843New$375.7K
Endi Corp20,000New$304.6K
SIF
SIFCO Industries, Inc.
13,385New$303.0K
HURC
Hurco Companies, Inc.
10,000New$216.2K
BSIN
Big Sky Industrial Inc.
139,659New$196.9K

Added to (24)

Added to
RRGB
Red Robin Gourmet Burgers, Inc.
939,554+126%$4.0M
RCMT
RCM Technologies, Inc.
230,556+71.2%$3.9M
LGCY
Legacy Education Inc.
773,395+98.6%$3.7M
OPRX
OptimizeRx Corporation
500,483+254%$3.0M
MPAA
Motorcar Parts of America, Inc.
165,659+134%$995.9K
OPHC
OptimumBank Holdings, Inc.
187,103+138%$946.6K
HBIO
Harvard Bioscience, Inc.
124,199+272%$719.4K
Citizens Bancshares Corp
Comm
32,700+44.1%$651.0K
ELA
Envela Corporation
1.30M+4.0%$597.2K
Butler National Corp
Comm
1.56M+10.1%$576.9K

Trimmed (5)

Trimmed
AII
American Integrity Insurance Group, Inc.
670,679-31.4%-$7.7M
RMNI
Rimini Street, Inc.
1.13M-52.2%-$5.3M
CHCI
Comstock Holding Companies, Inc.
66,756-45.0%-$1.0M
LSF
Laird Superfood, Inc.
351,021-3.0%-$37.3K
ACR
ACRES Commercial Realty Corp.
101,534-0.1%-$929

Exited (5)

Exited
Astronova Inc380,965Exited-$10.8M
FRD
Friedman Industries Inc.
84,171Exited-$2.7M
HLLY
Holley Inc.
551,738Exited-$1.4M
IRD
Opus Genetics, Inc.
161,205Exited-$662.6K
FCBM
First Carolina Financial Services, Inc.
26,733Exited-$353.9K

The 10 largest of each, by estimated dollars: shares changed times the later report's price. Index tracking, splits and mergers move positions too.

All positions

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Compare two quarters

Pick any two quarters: what is new, added to, trimmed or exited. Premium plan.

Reported value by quarter

Value and number of positions at the end of each quarter.

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Largest positions in earlier quarters

Pick a quarter to see what the fund's biggest positions were then.

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Ten largest positions

By value, Q3 2026.

$0$10.0M$20.0M$30.0MBSVN · Value: $25,935,013BSVNACU · Value: $24,151,287ACUAII · Value: $16,760,268AIIELA · Value: $15,676,868ELACurrency… · Value: $13,505,273Currency…ACNT · Value: $12,663,281ACNTDLHC · Value: $10,663,415DLHCRCMT · Value: $9,379,018RCMTLGCY · Value: $7,478,730LGCYRRGB · Value: $7,112,424RRGB

Filings

13F filings
Filing
Q3 2026Nov 13, 202613F-HR59$212.5MCurrentSEC ↗
Q2 2026Aug 14, 202613F-HR52$226.6MCurrentSEC ↗
Q1 2026Apr 1, 202613F-HR54$179.2MCurrentSEC ↗
Q4 2025Feb 13, 202613F-HR44$158.3MCurrentSEC ↗
Q3 2025Nov 14, 202513F-HR47$148.5MCurrentSEC ↗
Q2 2025Aug 14, 202513F-HR39$115.2MCurrentSEC ↗
Q1 2025May 14, 202513F-HR32$95.1MCurrentSEC ↗

Most recent first, up to 80. An amendment can replace a report or add holdings to it. All 13F filings

Information, not investment advice. Values are the fund's own figures at quarter end; a report can be up to 45 days old when filed. Disclaimer