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PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.

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13F filer, CIK 1238990, EDINA, MN

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. reported $1,725,029,364 across 160 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 22.37% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001398344-25-020910

Period
2025-09-30
Reported value
$1.73B
Holdings
160
Top 10 weight
22.37%
New
10
Sold out
13

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ENVAnew+96,452$11.1M
UNHnew+26,572$9.18M
APOnew+66,756$8.9M
LQDTadded+254,875$6.99M
AREnew+72,480$6.04M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
PERFORMANT HEALTHCARE INCreduced-1,709,100-$13.2M
EFCexited-811,582-$10.5M
POTBELLY CORPreduced-615,555-$10.5M
CARRexited-140,567-$10.3M
HYIexited-806,469-$9.66M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001398344-25-020910, largest first. % of portfolio is the value over $1,725,029,364, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SNEXSTONEX GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 815,611 shares; 2024Q4: 775,777 shares; 2025Q1: 843,524 shares; 2025Q2: 726,426 shares; 2025Q3: 710,853 shares 710,853$71.7M4.16%-15,573Timeline
RDNTRADNET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 677,430 shares; 2024Q4: 664,844 shares; 2025Q1: 694,243 shares; 2025Q2: 697,275 shares; 2025Q3: 649,378 shares 649,378$49.5M2.87%-47,897Timeline
LAURLAUREATE ED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,321,888 shares; 2024Q4: 1,415,197 shares; 2025Q1: 1,489,257 shares; 2025Q2: 1,501,764 shares; 2025Q3: 1,285,802 shares 1,285,802$40.6M2.35%-215,962Timeline
UTIUNIVERSAL TECHNICAL INST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,177,000 shares; 2024Q4: 1,593,283 shares; 2025Q1: 1,085,072 shares; 2025Q2: 1,016,160 shares; 2025Q3: 1,162,277 shares 1,162,277$37.8M2.19%+146,117Timeline
ACAARCOSA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 359,335 shares; 2024Q4: 351,745 shares; 2025Q1: 361,582 shares; 2025Q2: 363,796 shares; 2025Q3: 363,595 shares 363,595$34.1M1.98%-201Timeline
GSLGLOBAL SHIP LEASE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,363,704 shares; 2024Q4: 1,392,620 shares; 2025Q1: 1,196,892 shares; 2025Q2: 1,202,687 shares; 2025Q3: 1,097,441 shares 1,097,441$33.7M1.95%-105,246Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 136,692 shares; 2024Q4: 135,519 shares; 2025Q1: 134,299 shares; 2025Q2: 138,189 shares; 2025Q3: 134,083 shares 134,083$32.6M1.89%-4,106Timeline
VTSVITESSE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 950,769 shares; 2024Q4: 1,111,862 shares; 2025Q1: 1,020,442 shares; 2025Q2: 1,079,800 shares; 2025Q3: 1,272,995 shares 1,272,995$29.6M1.71%+193,195Timeline
SILASILA REALTY TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 558,366 shares; 2024Q4: 929,634 shares; 2025Q1: 1,064,088 shares; 2025Q2: 1,133,672 shares; 2025Q3: 1,135,388 shares 1,135,388$28.5M1.65%+1,716Timeline
VRRMVERRA MOBILITY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,092,089 shares; 2024Q4: 1,095,664 shares; 2025Q1: 1,121,731 shares; 2025Q2: 1,128,770 shares; 2025Q3: 1,128,672 shares 1,128,672$27.9M1.62%-98Timeline
PDXPIMCO DYNAMIC INCOME STRATEGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,339,669 shares; 2024Q4: 1,274,792 shares; 2025Q1: 1,255,780 shares; 2025Q2: 1,071,547 shares; 2025Q3: 1,061,415 shares 1,061,415$26.5M1.53%-10,132Timeline
GRBKGREEN BRICK PARTNERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 385,817 shares; 2024Q4: 382,656 shares; 2025Q1: 389,910 shares; 2025Q2: 369,920 shares; 2025Q3: 354,901 shares 354,901$26.2M1.52%-15,019Timeline
ATENA10 NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,341,824 shares; 2024Q4: 1,335,279 shares; 2025Q1: 1,362,331 shares; 2025Q2: 1,375,889 shares; 2025Q3: 1,431,358 shares 1,431,358$26M1.51%+55,469Timeline
PARRPAR PAC HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 917,533 shares; 2024Q4: 931,343 shares; 2025Q1: 848,290 shares; 2025Q2: 791,675 shares; 2025Q3: 713,430 shares 713,430$25.3M1.46%-78,245Timeline
IIIVI3 VERTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 454,272 shares; 2025Q2: 766,643 shares; 2025Q3: 777,477 shares 777,477$25.2M1.46%+10,834Timeline
LQDTLIQUIDITY SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 479,020 shares; 2024Q4: 498,358 shares; 2025Q1: 303,358 shares; 2025Q2: 654,868 shares; 2025Q3: 909,743 shares 909,743$25M1.45%+254,875Timeline
CVCOCAVCO INDS INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,012 shares; 2024Q4: 41,889 shares; 2025Q1: 42,522 shares; 2025Q2: 42,675 shares; 2025Q3: 42,686 shares 42,686$24.8M1.44%+11Timeline
BXCBLUELINX HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 377,253 shares; 2024Q4: 377,957 shares; 2025Q1: 324,985 shares; 2025Q2: 323,710 shares; 2025Q3: 321,231 shares 321,231$23.5M1.36%-2,479Timeline
FIBKFIRST INTST BANCSYSTEM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 235,060 shares; 2025Q1: 588,427 shares; 2025Q2: 693,685 shares; 2025Q3: 724,155 shares 724,155$23.1M1.34%+30,470Timeline
TREELENDINGTREE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 344,583 shares; 2025Q3: 347,654 shares 347,654$22.5M1.3%+3,071Timeline
LZLEGALZOOM COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 801,080 shares; 2025Q2: 1,590,970 shares; 2025Q3: 2,126,260 shares 2,126,260$22.1M1.28%+535,290Timeline
NPKINPK INTERNATIONAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,407,100 shares; 2024Q4: 1,653,000 shares; 2025Q1: 1,207,100 shares; 2025Q2: 1,867,372 shares; 2025Q3: 1,894,726 shares 1,894,726$21.4M1.24%+27,354Timeline
RPRXROYALTY PHARMA PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 461,051 shares; 2024Q4: 472,213 shares; 2025Q1: 573,603 shares; 2025Q2: 595,963 shares; 2025Q3: 595,891 shares 595,891$21M1.22%-72Timeline
KKRKKR & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 165,879 shares; 2024Q4: 163,890 shares; 2025Q1: 152,777 shares; 2025Q2: 159,352 shares; 2025Q3: 159,705 shares 159,705$20.8M1.2%+353Timeline
PSMTPRICESMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 149,222 shares; 2025Q2: 151,201 shares; 2025Q3: 159,681 shares 159,681$19.4M1.12%+8,480Timeline
PLOWDOUGLAS DYNAMICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 676,956 shares; 2024Q4: 728,569 shares; 2025Q1: 608,664 shares; 2025Q2: 612,631 shares; 2025Q3: 614,815 shares 614,815$19.2M1.11%+2,184Timeline
APAMARTISAN PARTNERS ASSET MGMTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 12,622 shares; 2025Q1: 437,067 shares; 2025Q2: 439,609 shares; 2025Q3: 441,852 shares 441,852$19.2M1.11%+2,243Timeline
WTTRSELECT WATER SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,310,316 shares; 2024Q4: 2,037,334 shares; 2025Q1: 1,765,582 shares; 2025Q2: 1,779,600 shares; 2025Q3: 1,782,526 shares 1,782,526$19.1M1.1%+2,926Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,783 shares; 2024Q4: 35,770 shares; 2025Q1: 35,103 shares; 2025Q2: 36,631 shares; 2025Q3: 36,680 shares 36,680$19M1.1%+49Timeline
SFMSPROUTS FMRS MKT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 326,534 shares; 2024Q4: 289,737 shares; 2025Q1: 189,863 shares; 2025Q2: 171,709 shares; 2025Q3: 172,883 shares 172,883$18.8M1.09%+1,174Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 6,722 shares; 2025Q2: 7,797 shares; 2025Q3: 7,851 shares 7,851$18.3M1.06%+54Timeline
TDWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 233,798 shares; 2024Q4: 321,987 shares; 2025Q1: 336,282 shares; 2025Q2: 339,672 shares; 2025Q3: 342,081 shares 342,081$18.2M1.06%+2,409Timeline
ULTAULTA BEAUTY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,578 shares; 2024Q4: 26,628 shares; 2025Q1: 31,559 shares; 2025Q2: 32,888 shares; 2025Q3: 32,950 shares 32,950$18M1.04%+62Timeline
CLMBCLIMB GLOBAL SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200,519 shares; 2024Q4: 188,459 shares; 2025Q1: 130,250 shares; 2025Q2: 128,340 shares; 2025Q3: 128,340 shares 128,340$17.3M1%0Timeline
SPNTSIRIUSPOINT LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 724,110 shares; 2025Q2: 736,248 shares; 2025Q3: 941,379 shares 941,379$17M0.99%+205,131Timeline
ADUSADDUS HOMECARE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 108,387 shares; 2024Q4: 108,026 shares; 2025Q1: 110,286 shares; 2025Q2: 111,300 shares; 2025Q3: 143,655 shares 143,655$16.9M0.98%+32,355Timeline
IQVIQVIA HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 58,974 shares; 2025Q1: 68,765 shares; 2025Q2: 87,166 shares; 2025Q3: 87,418 shares 87,418$16.6M0.96%+252Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 105,719 shares; 2024Q4: 89,616 shares; 2025Q1: 90,037 shares; 2025Q2: 81,755 shares; 2025Q3: 58,962 shares 58,962$16.6M0.96%-22,793Timeline
HLMNHILLMAN SOLUTIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,706,174 shares; 2024Q4: 1,701,002 shares; 2025Q1: 1,730,251 shares; 2025Q2: 1,742,389 shares; 2025Q3: 1,743,304 shares 1,743,304$16M0.93%+915Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,597 shares; 2024Q4: 36,239 shares; 2025Q1: 29,546 shares; 2025Q2: 30,746 shares; 2025Q3: 30,810 shares 30,810$15.5M0.9%+64Timeline
BLDRBUILDERS FIRSTSOURCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 116,710 shares; 2024Q4: 115,591 shares; 2025Q1: 122,462 shares; 2025Q2: 127,838 shares; 2025Q3: 127,659 shares 127,659$15.5M0.9%-179Timeline
BGBUNGE GLOBAL SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 134,606 shares; 2024Q4: 97,644 shares; 2025Q1: 182,934 shares; 2025Q2: 188,970 shares; 2025Q3: 188,110 shares 188,110$15.3M0.89%-860Timeline
RTORENTOKIL INITIAL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 366,710 shares; 2024Q4: 568,036 shares; 2025Q1: 576,890 shares; 2025Q2: 597,610 shares; 2025Q3: 597,185 shares 597,185$15.1M0.87%-425Timeline
BVBRIGHTVIEW HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,077,250 shares; 2024Q4: 1,065,356 shares; 2025Q1: 1,086,366 shares; 2025Q2: 1,094,474 shares; 2025Q3: 1,099,128 shares 1,099,128$14.7M0.85%+4,654Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,130 shares; 2024Q4: 57,370 shares; 2025Q1: 57,239 shares; 2025Q2: 59,590 shares; 2025Q3: 45,573 shares 45,573$14.4M0.83%-14,017Timeline
MDXGMIMEDX GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,747,524 shares; 2024Q4: 1,726,264 shares; 2025Q1: 1,738,678 shares; 2025Q2: 1,973,932 shares; 2025Q3: 2,005,014 shares 2,005,014$14M0.81%+31,082Timeline
ALGALAMO GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,635 shares; 2024Q4: 70,503 shares; 2025Q1: 71,964 shares; 2025Q2: 72,913 shares; 2025Q3: 69,872 shares 69,872$13.3M0.77%-3,041Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 129,042 shares; 2024Q4: 127,979 shares; 2025Q1: 110,576 shares; 2025Q2: 114,848 shares; 2025Q3: 115,177 shares 115,177$13.2M0.76%+329Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,338 shares; 2024Q4: 22,142 shares; 2025Q1: 26,292 shares; 2025Q2: 27,140 shares; 2025Q3: 27,129 shares 27,129$13.2M0.76%-11Timeline
AMPAMERIPRISE FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,682 shares; 2024Q4: 26,263 shares; 2025Q1: 26,159 shares; 2025Q2: 26,520 shares; 2025Q3: 26,246 shares 26,246$12.9M0.75%-274Timeline
HSTMHEALTHSTREAM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 860,709 shares; 2024Q4: 794,694 shares; 2025Q1: 613,971 shares; 2025Q2: 545,982 shares; 2025Q3: 452,384 shares 452,384$12.8M0.74%-93,598Timeline
BRSPBRIGHTSPIRE CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,897,373 shares; 2024Q4: 2,227,213 shares; 2025Q1: 1,836,035 shares; 2025Q2: 2,051,924 shares; 2025Q3: 2,335,970 shares 2,335,970$12.7M0.74%+284,046Timeline
SKYCHAMPION HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 161,018 shares; 2024Q4: 160,342 shares; 2025Q1: 163,635 shares; 2025Q2: 165,404 shares; 2025Q3: 164,045 shares 164,045$12.5M0.73%-1,359Timeline
CSWCSW INDUSTRIALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 48,563 shares; 2024Q4: 47,253 shares; 2025Q1: 48,833 shares; 2025Q2: 49,674 shares; 2025Q3: 49,928 shares 49,928$12.1M0.7%+254Timeline
KMIKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 539,183 shares; 2024Q4: 533,041 shares; 2025Q1: 406,263 shares; 2025Q2: 424,423 shares; 2025Q3: 426,162 shares 426,162$12.1M0.7%+1,739Timeline
LEGHLEGACY HOUSING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 603,008 shares; 2024Q4: 638,020 shares; 2025Q1: 419,520 shares; 2025Q2: 419,520 shares; 2025Q3: 429,110 shares 429,110$11.8M0.68%+9,590Timeline
ARHSARHAUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 663,866 shares; 2024Q4: 1,045,664 shares; 2025Q1: 1,079,256 shares; 2025Q2: 1,079,391 shares; 2025Q3: 1,091,153 shares 1,091,153$11.6M0.67%+11,762Timeline
FCFRANKLIN COVEY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 629,666 shares; 2024Q4: 679,100 shares; 2025Q1: 586,071 shares; 2025Q2: 589,507 shares; 2025Q3: 591,318 shares 591,318$11.5M0.67%+1,811Timeline
FISVFISERV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 109,259 shares; 2024Q4: 107,874 shares; 2025Q1: 85,885 shares; 2025Q2: 88,616 shares; 2025Q3: 88,518 shares 88,518$11.4M0.66%-98Timeline
MTCHMATCH GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 321,422 shares; 2024Q4: 313,154 shares; 2025Q1: 314,094 shares; 2025Q2: 323,636 shares; 2025Q3: 322,558 shares 322,558$11.4M0.66%-1,078Timeline
ENVAENOVA INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 96,452 shares 96,452$11.1M0.64%newTimeline
SHOOMADDEN STEVEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 197,380 shares; 2024Q4: 195,140 shares; 2025Q1: 327,422 shares; 2025Q2: 330,429 shares; 2025Q3: 331,551 shares 331,551$11.1M0.64%+1,122Timeline
DEDEERE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,549 shares; 2024Q4: 22,374 shares; 2025Q1: 22,223 shares; 2025Q2: 23,160 shares; 2025Q3: 23,239 shares 23,239$10.6M0.62%+79Timeline
SSNCSS&C TECH HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 116,628 shares; 2024Q4: 115,462 shares; 2025Q1: 114,572 shares; 2025Q2: 119,065 shares; 2025Q3: 119,331 shares 119,331$10.6M0.61%+266Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,343 shares; 2024Q4: 53,899 shares; 2025Q1: 53,749 shares; 2025Q2: 55,942 shares; 2025Q3: 55,892 shares 55,892$10.4M0.6%-50Timeline
DSPVIANT TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 676,422 shares; 2024Q4: 722,445 shares; 2025Q1: 989,771 shares; 2025Q2: 1,155,133 shares; 2025Q3: 1,199,490 shares 1,199,490$10.4M0.6%+44,357Timeline
EOGEOG RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 76,842 shares; 2024Q4: 75,276 shares; 2025Q1: 75,854 shares; 2025Q2: 89,180 shares; 2025Q3: 89,691 shares 89,691$10.1M0.58%+511Timeline
WMWASTE MGMT INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,582 shares; 2024Q4: 50,960 shares; 2025Q1: 42,811 shares; 2025Q2: 44,807 shares; 2025Q3: 45,117 shares 45,117$9.96M0.58%+310Timeline
RSGREPUBLIC SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 59,608 shares; 2024Q4: 59,033 shares; 2025Q1: 49,542 shares; 2025Q2: 41,555 shares; 2025Q3: 41,686 shares 41,686$9.57M0.55%+131Timeline
CSVCARRIAGE SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 91,500 shares; 2025Q2: 132,695 shares; 2025Q3: 211,425 shares 211,425$9.42M0.55%+78,730Timeline
RSSSRESEARCH SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 703,176 shares; 2024Q4: 2,330,120 shares; 2025Q1: 2,367,771 shares; 2025Q2: 2,418,100 shares; 2025Q3: 2,499,310 shares 2,499,310$9.32M0.54%+81,210Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 26,572 shares 26,572$9.18M0.53%newTimeline
CLFDCLEARFIELD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 218,480 shares; 2024Q4: 256,000 shares; 2025Q1: 177,000 shares; 2025Q2: 177,000 shares; 2025Q3: 262,610 shares 262,610$9.03M0.52%+85,610Timeline
APOAPOLLO GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 66,756 shares 66,756$8.9M0.52%newTimeline
BXMTBLACKSTONE MORTGAGE TRUST INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 307,615 shares; 2025Q1: 365,164 shares; 2025Q2: 430,155 shares; 2025Q3: 479,793 shares 479,793$8.83M0.51%+49,638Timeline
LINCLINCOLN EDL SVCS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 923,800 shares; 2024Q4: 856,800 shares; 2025Q1: 488,800 shares; 2025Q2: 433,650 shares; 2025Q3: 371,750 shares 371,750$8.74M0.51%-61,900Timeline
CIVICIVITAS RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 281,133 shares; 2024Q4: 243,069 shares; 2025Q1: 286,014 shares; 2025Q2: 257,882 shares; 2025Q3: 259,248 shares 259,248$8.43M0.49%+1,366Timeline
INFUINFUSYSTEM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 959,656 shares; 2024Q4: 959,656 shares; 2025Q1: 614,656 shares; 2025Q2: 878,500 shares; 2025Q3: 809,750 shares 809,750$8.39M0.49%-68,750Timeline
ACICAMERICAN COASTAL INS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 448,298 shares; 2024Q4: 551,347 shares; 2025Q1: 455,400 shares; 2025Q2: 596,329 shares; 2025Q3: 723,900 shares 723,900$8.25M0.48%+127,571Timeline
ACNACCENTURE PLC IRELANDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,616 shares; 2024Q4: 32,034 shares; 2025Q1: 31,906 shares; 2025Q2: 33,176 shares; 2025Q3: 33,295 shares 33,295$8.21M0.48%+119Timeline
HCKTHACKETT GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 408,711 shares; 2024Q4: 404,106 shares; 2025Q1: 410,741 shares; 2025Q2: 427,401 shares; 2025Q3: 428,654 shares 428,654$8.15M0.47%+1,253Timeline
FTHYFIRST TR HIGH YIELD OPPRT 20Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 580,521 shares; 2024Q4: 565,754 shares; 2025Q1: 555,898 shares; 2025Q2: 558,705 shares; 2025Q3: 556,742 shares 556,742$8.07M0.47%-1,963Timeline
TGTTARGET CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 57,501 shares; 2024Q4: 56,861 shares; 2025Q1: 84,190 shares; 2025Q2: 86,678 shares; 2025Q3: 86,262 shares 86,262$7.74M0.45%-416Timeline
APEIAMERICAN PUB ED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 145,178 shares; 2025Q3: 195,316 shares 195,316$7.71M0.45%+50,138Timeline
BWBBRIDGEWATER BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 611,212 shares; 2024Q4: 635,000 shares; 2025Q1: 382,500 shares; 2025Q2: 424,000 shares; 2025Q3: 433,960 shares 433,960$7.64M0.44%+9,960Timeline
ELVELEVANCE HEALTH INC FORMERLYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,577 shares; 2024Q4: 22,394 shares; 2025Q1: 22,233 shares; 2025Q2: 23,163 shares; 2025Q3: 23,249 shares 23,249$7.51M0.44%+86Timeline
BAPRABOEING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 105,335 shares; 2025Q1: 104,265 shares; 2025Q2: 105,990 shares; 2025Q3: 106,235 shares 106,235$7.39M0.43%+245Timeline
MYFWFIRST WESTN FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 347,915 shares; 2024Q4: 355,475 shares; 2025Q1: 210,475 shares; 2025Q2: 314,737 shares; 2025Q3: 311,502 shares 311,502$7.17M0.42%-3,235Timeline
IDRIDAHO STRATEGIC RESOURCESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 182,557 shares; 2025Q3: 209,655 shares 209,655$7.08M0.41%+27,098Timeline
RFILRF INDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 998,404 shares; 2024Q4: 1,014,604 shares; 2025Q1: 678,797 shares; 2025Q2: 810,859 shares; 2025Q3: 803,059 shares 803,059$6.61M0.38%-7,800Timeline
AGYSAGILYSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 99,640 shares; 2024Q4: 99,960 shares; 2025Q1: 61,440 shares; 2025Q2: 61,850 shares; 2025Q3: 61,930 shares 61,930$6.52M0.38%+80Timeline
RMTROYCE MICRO-CAP TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,086,464 shares; 2024Q4: 1,086,335 shares; 2025Q1: 610,323 shares; 2025Q2: 616,718 shares; 2025Q3: 616,718 shares 616,718$6.41M0.37%0Timeline
CVEOCIVEO CORP CDAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 415,352 shares; 2024Q4: 434,300 shares; 2025Q1: 273,470 shares; 2025Q2: 273,470 shares; 2025Q3: 275,585 shares 275,585$6.34M0.37%+2,115Timeline
GLREGREENLIGHT CAP RE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 654,580 shares; 2024Q4: 640,081 shares; 2025Q1: 588,464 shares; 2025Q2: 544,288 shares; 2025Q3: 482,250 shares 482,250$6.12M0.36%-62,038Timeline
AREALEXANDRIA REAL ESTATE EQ INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 72,480 shares 72,480$6.04M0.35%newTimeline
TAT&T INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 394,565 shares; 2024Q4: 372,474 shares; 2025Q1: 309,417 shares; 2025Q2: 208,314 shares; 2025Q3: 208,578 shares 208,578$5.89M0.34%+264Timeline
DUKDUKE ENERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 47,422 shares; 2025Q3: 47,448 shares 47,448$5.87M0.34%+26Timeline
POTBELLY CORPPOTBELLY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,290,355 shares; 2024Q4: 1,287,355 shares; 2025Q1: 837,355 shares; 2025Q2: 954,334 shares; 2025Q3: 338,779 shares 338,779$5.77M0.33%-615,555
NVECNVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 91,100 shares; 2024Q4: 92,475 shares; 2025Q1: 55,055 shares; 2025Q2: 55,055 shares; 2025Q3: 86,690 shares 86,690$5.66M0.33%+31,635Timeline
NRIMNORTHRIM BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 19,827 shares; 2025Q3: 247,496 shares 247,496$5.36M0.31%+227,669Timeline
GRSDGRANDSTAND LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 932,900 shares; 2024Q4: 953,280 shares; 2025Q1: 580,900 shares; 2025Q2: 617,900 shares; 2025Q3: 628,315 shares 628,315$5.14M0.3%+10,415Timeline
NATRNATURES SUNSHINE PRODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 300,000 shares; 2025Q3: 312,000 shares 312,000$4.84M0.28%+12,000Timeline
TCMDTACTILE SYS TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 210,000 shares; 2025Q1: 282,000 shares; 2025Q2: 365,000 shares; 2025Q3: 346,125 shares 346,125$4.79M0.28%-18,875Timeline
ALEXALEXANDER & BALDWIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 252,221 shares; 2024Q4: 252,054 shares; 2025Q1: 251,390 shares; 2025Q2: 257,451 shares; 2025Q3: 260,449 shares 260,449$4.74M0.27%+2,998Timeline
LADRLADDER CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 427,332 shares; 2024Q4: 619,358 shares; 2025Q1: 614,505 shares; 2025Q2: 421,618 shares; 2025Q3: 421,594 shares 421,594$4.6M0.27%-24Timeline
VMDVIEMED HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 796,025 shares; 2024Q4: 845,651 shares; 2025Q1: 580,000 shares; 2025Q2: 613,000 shares; 2025Q3: 671,360 shares 671,360$4.56M0.26%+58,360Timeline
UFPTUFP TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,600 shares; 2024Q4: 37,200 shares; 2025Q1: 22,700 shares; 2025Q2: 22,700 shares; 2025Q3: 22,700 shares 22,700$4.53M0.26%0Timeline
ELMDELECTROMED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 360,244 shares; 2024Q4: 270,795 shares; 2025Q1: 163,594 shares; 2025Q2: 163,594 shares; 2025Q3: 175,520 shares 175,520$4.31M0.25%+11,926Timeline
PERFORMANT HEALTHCARE INCPERFORMANT HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,885,200 shares; 2024Q4: 2,940,100 shares; 2025Q1: 2,062,100 shares; 2025Q2: 2,258,100 shares; 2025Q3: 549,000 shares 549,000$4.24M0.25%-1,709,100
TRNSTRANSCAT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 93,530 shares; 2024Q4: 93,530 shares; 2025Q1: 57,530 shares; 2025Q2: 57,530 shares; 2025Q3: 57,530 shares 57,530$4.21M0.24%0Timeline
BCICBCP INVESTMENT CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 211,139 shares; 2024Q4: 189,923 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 365,149 shares 365,149$4.21M0.24%newTimeline
OPXSOPTEX SYS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 406,000 shares; 2024Q4: 372,500 shares; 2025Q1: 372,500 shares; 2025Q2: 331,495 shares; 2025Q3: 319,863 shares 319,863$4.12M0.24%-11,632Timeline
HGBLHERITAGE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,521,335 shares; 2024Q4: 2,501,000 shares; 2025Q1: 2,454,467 shares; 2025Q2: 2,454,053 shares; 2025Q3: 2,475,228 shares 2,475,228$4.11M0.24%+21,175Timeline
AMLPALPS ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 174,847 shares; 2024Q4: 172,785 shares; 2025Q1: 144,436 shares; 2025Q2: 87,344 shares; 2025Q3: 87,483 shares 87,483$4.11M0.24%+139Timeline
ALNTALLIENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,000 shares; 2024Q4: 208,000 shares; 2025Q1: 118,000 shares; 2025Q2: 102,000 shares; 2025Q3: 89,500 shares 89,500$4.01M0.23%-12,500Timeline
IAINNOVATIVE SOLUTIONS & SUPPOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 125,000 shares; 2024Q4: 125,000 shares; 2025Q1: 210,000 shares; 2025Q2: 210,000 shares; 2025Q3: 306,695 shares 306,695$3.83M0.22%+96,695Timeline
GHMGRAHAM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,106 shares; 2024Q4: 76,255 shares; 2025Q1: 76,255 shares; 2025Q2: 73,255 shares; 2025Q3: 67,755 shares 67,755$3.72M0.22%-5,500Timeline
DHILDIAMOND HILL INVT GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,000 shares; 2024Q4: 68,940 shares; 2025Q1: 39,955 shares; 2025Q2: 31,683 shares; 2025Q3: 25,653 shares 25,653$3.59M0.21%-6,030Timeline
PAYSPAYSIGN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 552,735 shares 552,735$3.48M0.2%newTimeline
FLXSFLEXSTEEL INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 82,000 shares; 2024Q4: 66,685 shares; 2025Q1: 42,863 shares; 2025Q2: 60,000 shares; 2025Q3: 73,502 shares 73,502$3.41M0.2%+13,502Timeline
MLCIMOUNT LOGAN CAP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 405,343 shares 405,343$3.16M0.18%newTimeline
KKR & CO INCKKR & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 58,595 shares; 2025Q2: 59,840 shares; 2025Q3: 60,250 shares 60,250$3.15M0.18%+410
QXO INCQXO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 56,770 shares; 2025Q3: 57,000 shares 57,000$3.13M0.18%+230
KEQUKEWAUNEE SCIENTIFIC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 20,000 shares; 2025Q2: 43,300 shares; 2025Q3: 70,085 shares 70,085$2.99M0.17%+26,785Timeline
PLBCPLUMAS BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 43,940 shares; 2024Q4: 43,940 shares; 2025Q1: 43,940 shares; 2025Q2: 43,940 shares; 2025Q3: 62,535 shares 62,535$2.7M0.16%+18,595Timeline
SJTSAN JUAN BASIN RTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 443,701 shares 443,701$2.68M0.16%newTimeline
RCMTRCM TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 75,000 shares; 2025Q2: 75,600 shares; 2025Q3: 97,206 shares 97,206$2.58M0.15%+21,606Timeline
TAYDTAYLOR DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,270 shares; 2024Q4: 50,000 shares; 2025Q1: 48,864 shares; 2025Q2: 50,000 shares; 2025Q3: 51,325 shares 51,325$2.52M0.15%+1,325Timeline
HCIHCI GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,238 shares; 2024Q4: 18,291 shares; 2025Q1: 12,000 shares; 2025Q2: 12,000 shares; 2025Q3: 12,280 shares 12,280$2.36M0.14%+280Timeline
IWVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,787 shares; 2024Q4: 4,722 shares; 2025Q1: 4,614 shares; 2025Q2: 4,675 shares; 2025Q3: 4,927 shares 4,927$1.87M0.11%+252Timeline
MAMAMAMAS CREATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 130,000 shares; 2024Q4: 130,000 shares; 2025Q1: 130,000 shares; 2025Q2: 130,000 shares; 2025Q3: 165,000 shares 165,000$1.73M0.1%+35,000Timeline
AVNWAVIAT NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 557,671 shares; 2024Q4: 398,877 shares; 2025Q1: 214,619 shares; 2025Q2: 101,944 shares; 2025Q3: 72,500 shares 72,500$1.66M0.1%-29,444Timeline
PDEXPRO-DEX INC COLOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 68,000 shares; 2024Q4: 64,000 shares; 2025Q1: 54,000 shares; 2025Q2: 34,200 shares; 2025Q3: 48,608 shares 48,608$1.65M0.1%+14,408Timeline
LGCYLEGACY ED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 85,000 shares; 2025Q2: 159,808 shares; 2025Q3: 168,500 shares 168,500$1.61M0.09%+8,692Timeline
EPSNEPSILON ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 304,355 shares; 2024Q4: 265,855 shares; 2025Q1: 211,200 shares; 2025Q2: 211,200 shares; 2025Q3: 311,905 shares 311,905$1.57M0.09%+100,705Timeline
KRTKARAT PACKAGING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53,500 shares; 2024Q4: 53,500 shares; 2025Q1: 53,500 shares; 2025Q2: 56,000 shares; 2025Q3: 61,515 shares 61,515$1.55M0.09%+5,515Timeline
NBNNORTHEAST BK PORTLAND MEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,550 shares; 2024Q4: 11,050 shares; 2025Q1: 10,700 shares; 2025Q2: 15,050 shares; 2025Q3: 14,835 shares 14,835$1.49M0.09%-215Timeline
ACCSACCESS NEWSWIRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 89,900 shares; 2024Q4: 111,500 shares; 2025Q1: 125,000 shares; 2025Q2: 128,300 shares; 2025Q3: 138,260 shares 138,260$1.48M0.09%+9,960Timeline
LFTLUMENT FINANCE TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,406,562 shares; 2024Q4: 1,282,045 shares; 2025Q1: 996,819 shares; 2025Q2: 898,833 shares; 2025Q3: 707,312 shares 707,312$1.43M0.08%-191,521Timeline
IRMDIRADIMED CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 17,000 shares 17,000$1.21M0.07%newTimeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 930 shares; 2025Q3: 860 shares 860$366K0.02%-70Timeline
JEFJEFFERIES FINANCIAL GROUP INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,275 shares; 2025Q3: 5,495 shares 5,495$359K0.02%+220Timeline
VBRVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,283 shares; 2024Q4: 1,212 shares; 2025Q1: 1,152 shares; 2025Q2: 1,608 shares; 2025Q3: 1,173 shares 1,173$245K0.01%-435Timeline
LOPEGRAND CANYON ED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,105 shares 1,105$243K0.01%newTimeline
KDKYNDRYL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,325 shares; 2025Q3: 6,770 shares 6,770$203K0.01%+1,445Timeline
QRHCQUEST RESOURCE HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 342,450 shares; 2024Q4: 337,250 shares; 2025Q1: 337,250 shares; 2025Q2: 115,000 shares; 2025Q3: 111,654 shares 111,654$174K0.01%-3,346Timeline
FFWMFIRST FNDTN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 14,250 shares; 2025Q1: 15,790 shares; 2025Q2: 27,960 shares; 2025Q3: 26,375 shares 26,375$147K0.01%-1,585Timeline
VTIVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 290 shares; 2024Q4: 324 shares; 2025Q1: 412 shares; 2025Q2: 689 shares; 2025Q3: 443 shares 443$145K0.01%-246Timeline
IWCISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 354 shares; 2024Q4: 354 shares; 2025Q1: 366 shares; 2025Q2: 366 shares; 2025Q3: 367 shares 367$54.7K<0.01%+1Timeline
IWMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140 shares; 2024Q4: 490 shares; 2025Q1: 140 shares; 2025Q2: 140 shares; 2025Q3: 185 shares 185$44.8K<0.01%+45Timeline
VOOVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 123 shares; 2024Q4: 1,173 shares; 2025Q1: 62 shares; 2025Q2: 129 shares; 2025Q3: 62 shares 62$38K<0.01%-67Timeline
AGGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 605 shares; 2024Q4: 605 shares; 2025Q1: 300 shares; 2025Q2: 300 shares; 2025Q3: 300 shares 300$30.1K<0.01%0Timeline
SUSAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 275 shares; 2024Q4: 190 shares; 2025Q1: 190 shares; 2025Q2: 190 shares; 2025Q3: 190 shares 190$25.8K<0.01%0Timeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23 shares; 2024Q4: 24 shares; 2025Q1: 28 shares; 2025Q2: 28 shares; 2025Q3: 28 shares 28$18.7K<0.01%0Timeline
IJRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75 shares; 2024Q4: 75 shares; 2025Q1: 93 shares; 2025Q2: 93 shares; 2025Q3: 95 shares 95$11.3K<0.01%+2Timeline
HYGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 78 shares; 2024Q4: 78 shares; 2025Q1: 96 shares; 2025Q2: 96 shares; 2025Q3: 98 shares 98$7.96K<0.01%+2Timeline
IEFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 57 shares; 2025Q1: 67 shares; 2025Q2: 67 shares; 2025Q3: 68 shares 68$5.94K<0.01%+1Timeline
LQDISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 37 shares; 2024Q4: 37 shares; 2025Q1: 45 shares; 2025Q2: 45 shares; 2025Q3: 47 shares 47$5.24K<0.01%+2Timeline
IVEISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15 shares; 2024Q4: 15 shares; 2025Q1: 15 shares; 2025Q2: 15 shares; 2025Q3: 15 shares 15$3.13K<0.01%0Timeline

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
TELADOC HEALTH INCTELADOC HEALTH INC NOTE 1.250% 6/0principal4,997,000$4.67M-75,000

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
EFCELLINGTON FINANCIAL INC811,582$10.5Mshares
CARRCARRIER GLOBAL CORPORATION140,567$10.3Mshares
HYIWESTERN ASSET HIGH YIELD OPP806,469$9.66Mshares
NEOGNEOGEN CORP1,240,537$5.93Mshares
WAYFAIR INCWAYFAIR INC5,558,000$5.42Mprincipal
ETSYETSY INC102,635$5.15Mshares
LOGAN RIDGE FINANCE CORPLOGAN RIDGE FINANCE CORP227,960$4.33Mshares
TTGTTECHTARGET INC483,855$3.76Mshares
LENDINGTREE INCLENDINGTREE INC3,527,000$3.48Mprincipal
ALOTASTRONOVA INC250,900$2.91Mshares
180 DEGREE CAP CORP180 DEGREE CAP CORP714,156$2.84Mshares
DSGRDISTRIBUTION SOLUTIONS GRP I45,401$1.25Mshares
ITBISHARES TR28$2.61Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001398344-25-020910 base2025-11-14acceptance time not in the bulk data set