13F holdings as of 2025-12-31 · vs 2025-09-30 · long US-listed positions only
| # | Holding | Shares | Value | % of 13F | QoQ Δ | |
|---|---|---|---|---|---|---|
| 1 | NPOENPRO INC | ADD | 249K | $53.4M | 4.8% | -$2.9M |
| 2 | GLDDGREAT LAKES DREDGE & DOCK CO | ADD | 3.7M | $48.6M | 4.4% | +$4.2M |
| 3 | MKSIMKS INC. | ADD | 289K | $46.2M | 4.1% | +$10.4M |
| 4 | ADEAADEIA INC | ADD | 2.6M | $45.1M | 4.1% | +$1.2M |
| 5 | LASRNLIGHT INC | TRIM | 1.2M | $45.1M | 4.0% | +$3.7M |
| 6 | BWXTBWX TECHNOLOGIES INC | TRIM | 251K | $43.5M | 3.9% | -$9.9M |
| 7 | MTRNMATERION CORP | ADD | 320K | $39.7M | 3.6% | +$1.3M |
| 8 | WCNWASTE CONNECTIONS INC | ADD | 224K | $39.3M | 3.5% | -$71K |
| 9 | AZZAZZ INC | TRIM | 365K | $39.1M | 3.5% | -$13.9M |
| 10 | THRMGENTHERM INC | ADD | 1.0M | $38.1M | 3.4% | +$3.2M |
| 11 | NGVTINGEVITY CORP | ADD | 629K | $37.2M | 3.3% | +$4.1M |
| 12 | NOVTNOVANTA INC | NEW | 304K | $36.2M | 3.2% | new |
| 13 | BVBRIGHTVIEW HLDGS INC | TRIM | 2.6M | $33.1M | 3.0% | -$6.5M |
| 14 | AWIARMSTRONG WORLD INDS INC NEW | ADD | 172K | $32.8M | 2.9% | +$186K |
| 15 | MLMMARTIN MARIETTA MATLS INC | ADD | 51K | $31.8M | 2.9% | -$368K |
| 16 | LFUSLITTELFUSE INC | ADD | 118K | $29.7M | 2.7% | +$1.6M |
| 17 | BATRKATLANTA BRAVES HLDGS INC | ADD | 742K | $29.3M | 2.6% | -$1.6M |
| 18 | THRTHERMON GROUP HLDGS INC | ADD | 772K | $28.7M | 2.6% | +$8.1M |
| 19 | CALXCALIX INC | ADD | 534K | $28.3M | 2.5% | -$4.5M |
| 20 | ASTEASTEC INDS INC | ADD | 622K | $26.9M | 2.4% | +$2.8M |
| 21 | RTORENTOKIL INITIAL PLC | ADD | 886K | $26.1M | 2.3% | +$3.8M |
| 22 | DNOWDNOW INC | NEW | 1.9M | $25.7M | 2.3% | new |
| 23 | ULSUL SOLUTIONS INC | TRIM | 308K | $24.3M | 2.2% | -$1.9M |
| 24 | BALLBALL CORP | NEW | 453K | $24.0M | 2.2% | new |
| 25 | CTSCTS CORP | ADD | 544K | $23.3M | 2.1% | +$3.6M |
| 26 | CHECK POINT SOFTWARE TECH LT | ADD | 123K | $22.8M | 2.1% | -$2.6M |
| 27 | NOKNOKIA CORP | TRIM | 3.3M | $21.6M | 1.9% | +$953K |
| 28 | CYBERARK SOFTWARE LTD | ADD | 44K | $19.7M | 1.8% | -$1.6M |
| 29 | CWSTCASELLA WASTE SYS INC | ADD | 196K | $19.2M | 1.7% | +$614K |
| 30 | BCPCBALCHEM CORP | NEW | 116K | $17.8M | 1.6% | new |
| 31 | MANCHESTER UTD PLC NEW | ADD | 1.1M | $17.6M | 1.6% | +$874K |
| 32 | RISKIFIED LTD | ADD | 3.1M | $15.4M | 1.4% | +$909K |
| 33 | VPGVISHAY PRECISION GROUP INC | ADD | 382K | $14.7M | 1.3% | +$2.8M |
| 34 | KNKNOWLES CORP | ADD | 653K | $14.0M | 1.3% | -$527K |
| 35 | VRNSVARONIS SYS INC | ADD | 406K | $13.3M | 1.2% | -$10.0M |
| 36 | SMGSCOTTS MIRACLE-GRO CO | TRIM | 220K | $12.8M | 1.2% | -$14.0M |
| 37 | ORION S.A. | TRIM | 2.4M | $12.7M | 1.1% | -$5.7M |
| 38 | MTRXMATRIX SVC CO | ADD | 853K | $10.0M | 0.9% | -$1.2M |
| 39 | VOOVANGUARD INDEX FDS | NEW | 14K | $8.9M | 0.8% | new |
| 40 | ICHOR HOLDINGS | ADD | 483K | $8.9M | 0.8% | +$5.7M |
| 41 | APLDAPPLIED DIGITAL CORP | 250K | $6.1M | 0.6% | +$395K | |
| 42 | MIAXMIAMI INTL HLDGS INC | 50K | $2.2M | 0.2% | +$206K | |
| 43 | NPNEPTUNE INS HLDGS INC | NEW | 20K | $583K | 0.1% | new |
Source: SEC Form 13F. Values are as-of 2025-12-31 (quarter-end), not live. Percentages are of reported 13F value, not the fund’s full AUM (13F excludes shorts, cash, bonds, most non-US holdings).