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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 $1,712,771,929 across 156 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 22.67% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001398344-26-003220

Period
2025-12-31
Reported value
$1.71B
Holdings
156
Top 10 weight
22.67%
New
7
Sold out
11

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SPNTadded+448,712$9.82M
ENVAadded+54,126$8.51M
MRVLnew+77,592$6.59M
TREEadded+121,993$6.48M
IAadded+288,479$5.46M

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
SKYexited-164,045-$12.5M
CIVIexited-259,248-$8.43M
AREexited-72,480-$6.04M
POTBELLY CORPexited-338,779-$5.77M
GRSDexited-628,315-$5.14M

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, Q4 2025

Share positions as resolved from 13F-HR 0001398344-26-003220, largest first. % of portfolio is the value over $1,712,771,929, 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; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 815,611 shares; 2024Q4: 775,777 shares; 2025Q1: 843,524 shares; 2025Q2: 726,426 shares; 2025Q3: 710,853 shares; 2025Q4: 707,835 shares 707,835$67.3M3.93%-3,018Timeline
RDNTRADNET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 677,430 shares; 2024Q4: 664,844 shares; 2025Q1: 694,243 shares; 2025Q2: 697,275 shares; 2025Q3: 649,378 shares; 2025Q4: 651,169 shares 651,169$46.5M2.71%+1,791Timeline
LAURLAUREATE ED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,272,453 shares 1,272,453$42.8M2.5%-13,349Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 136,692 shares; 2024Q4: 135,519 shares; 2025Q1: 134,299 shares; 2025Q2: 138,189 shares; 2025Q3: 134,083 shares; 2025Q4: 131,651 shares 131,651$41.2M2.41%-2,432Timeline
ACAARCOSA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 359,335 shares; 2024Q4: 351,745 shares; 2025Q1: 361,582 shares; 2025Q2: 363,796 shares; 2025Q3: 363,595 shares; 2025Q4: 361,494 shares 361,494$38.4M2.24%-2,101Timeline
GSLGLOBAL SHIP LEASE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 971,790 shares 971,790$34.1M1.99%-125,651Timeline
UTIUNIVERSAL TECHNICAL INST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,169,843 shares 1,169,843$30.6M1.78%+7,566Timeline
SPNTSIRIUSPOINT LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 724,110 shares; 2025Q2: 736,248 shares; 2025Q3: 941,379 shares; 2025Q4: 1,390,091 shares 1,390,091$30.4M1.78%+448,712Timeline
SILASILA REALTY TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,255,395 shares 1,255,395$29.3M1.71%+120,007Timeline
VTSVITESSE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,438,529 shares 1,438,529$27.7M1.62%+165,534Timeline
LQDTLIQUIDITY SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 479,020 shares; 2024Q4: 498,358 shares; 2025Q1: 303,358 shares; 2025Q2: 654,868 shares; 2025Q3: 909,743 shares; 2025Q4: 910,246 shares 910,246$27.6M1.61%+503Timeline
LZLEGALZOOM COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 801,080 shares; 2025Q2: 1,590,970 shares; 2025Q3: 2,126,260 shares; 2025Q4: 2,627,047 shares 2,627,047$26.1M1.52%+500,787Timeline
ATENA10 NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,435,626 shares 1,435,626$25.4M1.48%+4,268Timeline
VRRMVERRA MOBILITY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,127,560 shares 1,127,560$25.3M1.48%-1,112Timeline
FIBKFIRST INTST BANCSYSTEM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 235,060 shares; 2025Q1: 588,427 shares; 2025Q2: 693,685 shares; 2025Q3: 724,155 shares; 2025Q4: 723,818 shares 723,818$25M1.46%-337Timeline
TREELENDINGTREE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 344,583 shares; 2025Q3: 347,654 shares; 2025Q4: 469,647 shares 469,647$24.9M1.46%+121,993Timeline
CVCOCAVCO INDS INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,012 shares; 2024Q4: 41,889 shares; 2025Q1: 42,522 shares; 2025Q2: 42,675 shares; 2025Q3: 42,686 shares; 2025Q4: 42,051 shares 42,051$24.8M1.45%-635Timeline
ENVAENOVA INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 96,452 shares; 2025Q4: 150,578 shares 150,578$23.7M1.38%+54,126Timeline
RPRXROYALTY PHARMA PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 461,051 shares; 2024Q4: 472,213 shares; 2025Q1: 573,603 shares; 2025Q2: 595,963 shares; 2025Q3: 595,891 shares; 2025Q4: 600,166 shares 600,166$23.2M1.35%+4,275Timeline
NPKINPK INTERNATIONAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,852,804 shares 1,852,804$22.1M1.29%-41,922Timeline
GRBKGREEN BRICK PARTNERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 385,817 shares; 2024Q4: 382,656 shares; 2025Q1: 389,910 shares; 2025Q2: 369,920 shares; 2025Q3: 354,901 shares; 2025Q4: 352,246 shares 352,246$22.1M1.29%-2,655Timeline
KKRKKR & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 165,879 shares; 2024Q4: 163,890 shares; 2025Q1: 152,777 shares; 2025Q2: 159,352 shares; 2025Q3: 159,705 shares; 2025Q4: 161,505 shares 161,505$20.6M1.2%+1,800Timeline
PARRPAR PAC HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 917,533 shares; 2024Q4: 931,343 shares; 2025Q1: 848,290 shares; 2025Q2: 791,675 shares; 2025Q3: 713,430 shares; 2025Q4: 581,355 shares 581,355$20.4M1.19%-132,075Timeline
PLOWDOUGLAS DYNAMICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 676,956 shares; 2024Q4: 728,569 shares; 2025Q1: 608,664 shares; 2025Q2: 612,631 shares; 2025Q3: 614,815 shares; 2025Q4: 614,706 shares 614,706$20.1M1.17%-109Timeline
IQVIQVIA HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 58,974 shares; 2025Q1: 68,765 shares; 2025Q2: 87,166 shares; 2025Q3: 87,418 shares; 2025Q4: 88,392 shares 88,392$19.9M1.16%+974Timeline
PDXPIMCO DYNAMIC INCOME STRATEGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,055,601 shares 1,055,601$19.8M1.16%-5,814Timeline
ADUSADDUS HOMECARE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 108,387 shares; 2024Q4: 108,026 shares; 2025Q1: 110,286 shares; 2025Q2: 111,300 shares; 2025Q3: 143,655 shares; 2025Q4: 182,954 shares 182,954$19.6M1.15%+39,299Timeline
IIIVI3 VERTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 454,272 shares; 2025Q2: 766,643 shares; 2025Q3: 777,477 shares; 2025Q4: 777,527 shares 777,527$19.6M1.14%+50Timeline
PSMTPRICESMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 149,222 shares; 2025Q2: 151,201 shares; 2025Q3: 159,681 shares; 2025Q4: 159,625 shares 159,625$19.6M1.14%-56Timeline
BXCBLUELINX HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 377,253 shares; 2024Q4: 377,957 shares; 2025Q1: 324,985 shares; 2025Q2: 323,710 shares; 2025Q3: 321,231 shares; 2025Q4: 315,336 shares 315,336$19.4M1.13%-5,895Timeline
ULTAULTA BEAUTY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,578 shares; 2024Q4: 26,628 shares; 2025Q1: 31,559 shares; 2025Q2: 32,888 shares; 2025Q3: 32,950 shares; 2025Q4: 31,125 shares 31,125$18.8M1.1%-1,825Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,783 shares; 2024Q4: 35,770 shares; 2025Q1: 35,103 shares; 2025Q2: 36,631 shares; 2025Q3: 36,680 shares; 2025Q4: 36,921 shares 36,921$17.9M1.04%+241Timeline
APAMARTISAN PARTNERS ASSET MGMTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 12,622 shares; 2025Q1: 437,067 shares; 2025Q2: 439,609 shares; 2025Q3: 441,852 shares; 2025Q4: 437,845 shares 437,845$17.8M1.04%-4,007Timeline
RTORENTOKIL INITIAL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 366,710 shares; 2024Q4: 568,036 shares; 2025Q1: 576,890 shares; 2025Q2: 597,610 shares; 2025Q3: 597,185 shares; 2025Q4: 602,662 shares 602,662$17.8M1.04%+5,477Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 6,722 shares; 2025Q2: 7,797 shares; 2025Q3: 7,851 shares; 2025Q4: 8,570 shares 8,570$17.3M1.01%+719Timeline
BGBUNGE GLOBAL SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 134,606 shares; 2024Q4: 97,644 shares; 2025Q1: 182,934 shares; 2025Q2: 188,970 shares; 2025Q3: 188,110 shares; 2025Q4: 190,052 shares 190,052$16.9M0.99%+1,942Timeline
TDWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 233,798 shares; 2024Q4: 321,987 shares; 2025Q1: 336,282 shares; 2025Q2: 339,672 shares; 2025Q3: 342,081 shares; 2025Q4: 333,659 shares 333,659$16.9M0.98%-8,422Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,338 shares; 2024Q4: 22,142 shares; 2025Q1: 26,292 shares; 2025Q2: 27,140 shares; 2025Q3: 27,129 shares; 2025Q4: 27,295 shares 27,295$15.8M0.92%+166Timeline
WTTRSELECT WATER SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,501,191 shares 1,501,191$15.8M0.92%-281,335Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,597 shares; 2024Q4: 36,239 shares; 2025Q1: 29,546 shares; 2025Q2: 30,746 shares; 2025Q3: 30,810 shares; 2025Q4: 31,112 shares 31,112$15.6M0.91%+302Timeline
HLMNHILLMAN SOLUTIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,743,872 shares 1,743,872$15.1M0.88%+568Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,130 shares; 2024Q4: 57,370 shares; 2025Q1: 57,239 shares; 2025Q2: 59,590 shares; 2025Q3: 45,573 shares; 2025Q4: 46,039 shares 46,039$14.8M0.87%+466Timeline
CSWCSW INDUSTRIALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 48,563 shares; 2024Q4: 47,253 shares; 2025Q1: 48,833 shares; 2025Q2: 49,674 shares; 2025Q3: 49,928 shares; 2025Q4: 50,018 shares 50,018$14.7M0.86%+90Timeline
DSPVIANT TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,156,915 shares 1,156,915$13.9M0.81%-42,575Timeline
BVBRIGHTVIEW HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,094,469 shares 1,094,469$13.9M0.81%-4,659Timeline
CLMBCLIMB GLOBAL SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200,519 shares; 2024Q4: 188,459 shares; 2025Q1: 130,250 shares; 2025Q2: 128,340 shares; 2025Q3: 128,340 shares; 2025Q4: 134,717 shares 134,717$13.8M0.81%+6,377Timeline
SHOOMADDEN STEVEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 197,380 shares; 2024Q4: 195,140 shares; 2025Q1: 327,422 shares; 2025Q2: 330,429 shares; 2025Q3: 331,551 shares; 2025Q4: 331,943 shares 331,943$13.8M0.81%+392Timeline
SFMSPROUTS FMRS MKT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 326,534 shares; 2024Q4: 289,737 shares; 2025Q1: 189,863 shares; 2025Q2: 171,709 shares; 2025Q3: 172,883 shares; 2025Q4: 172,604 shares 172,604$13.8M0.8%-279Timeline
MDXGMIMEDX GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,007,194 shares 2,007,194$13.6M0.79%+2,180Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 129,042 shares; 2024Q4: 127,979 shares; 2025Q1: 110,576 shares; 2025Q2: 114,848 shares; 2025Q3: 115,177 shares; 2025Q4: 116,337 shares 116,337$13.2M0.77%+1,160Timeline
BLDRBUILDERS FIRSTSOURCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 116,710 shares; 2024Q4: 115,591 shares; 2025Q1: 122,462 shares; 2025Q2: 127,838 shares; 2025Q3: 127,659 shares; 2025Q4: 128,045 shares 128,045$13.2M0.77%+386Timeline
BRSPBRIGHTSPIRE CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,333,619 shares 2,333,619$13.1M0.76%-2,351Timeline
AMPAMERIPRISE FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,682 shares; 2024Q4: 26,263 shares; 2025Q1: 26,159 shares; 2025Q2: 26,520 shares; 2025Q3: 26,246 shares; 2025Q4: 26,316 shares 26,316$12.9M0.75%+70Timeline
ARHSARHAUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,093,085 shares 1,093,085$12.3M0.72%+1,932Timeline
APOAPOLLO GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 66,756 shares; 2025Q4: 83,639 shares 83,639$12.1M0.71%+16,883Timeline
MTCHMATCH GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 321,422 shares; 2024Q4: 313,154 shares; 2025Q1: 314,094 shares; 2025Q2: 323,636 shares; 2025Q3: 322,558 shares; 2025Q4: 366,995 shares 366,995$11.9M0.69%+44,437Timeline
KMIKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 539,183 shares; 2024Q4: 533,041 shares; 2025Q1: 406,263 shares; 2025Q2: 424,423 shares; 2025Q3: 426,162 shares; 2025Q4: 430,385 shares 430,385$11.8M0.69%+4,223Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,343 shares; 2024Q4: 53,899 shares; 2025Q1: 53,749 shares; 2025Q2: 55,942 shares; 2025Q3: 55,892 shares; 2025Q4: 56,724 shares 56,724$11.7M0.69%+832Timeline
ALGALAMO GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,635 shares; 2024Q4: 70,503 shares; 2025Q1: 71,964 shares; 2025Q2: 72,913 shares; 2025Q3: 69,872 shares; 2025Q4: 69,924 shares 69,924$11.7M0.69%+52Timeline
FTHYFIRST TR HIGH YIELD OPPRT 20Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 580,521 shares; 2024Q4: 565,754 shares; 2025Q1: 555,898 shares; 2025Q2: 558,705 shares; 2025Q3: 556,742 shares; 2025Q4: 827,076 shares 827,076$11.6M0.68%+270,334Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 105,719 shares; 2024Q4: 89,616 shares; 2025Q1: 90,037 shares; 2025Q2: 81,755 shares; 2025Q3: 58,962 shares; 2025Q4: 59,501 shares 59,501$11.6M0.68%+539Timeline
IAINNOVATIVE SOLUTIONS & SUPPOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 125,000 shares; 2024Q4: 125,000 shares; 2025Q1: 210,000 shares; 2025Q2: 210,000 shares; 2025Q3: 306,695 shares; 2025Q4: 595,174 shares 595,174$11.3M0.66%+288,479Timeline
DEDEERE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,549 shares; 2024Q4: 22,374 shares; 2025Q1: 22,223 shares; 2025Q2: 23,160 shares; 2025Q3: 23,239 shares; 2025Q4: 23,438 shares 23,438$10.9M0.64%+199Timeline
TCMDTACTILE SYS TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 210,000 shares; 2025Q1: 282,000 shares; 2025Q2: 365,000 shares; 2025Q3: 346,125 shares; 2025Q4: 373,975 shares 373,975$10.8M0.63%+27,850Timeline
SSNCSS&C TECH HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 116,628 shares; 2024Q4: 115,462 shares; 2025Q1: 114,572 shares; 2025Q2: 119,065 shares; 2025Q3: 119,331 shares; 2025Q4: 120,536 shares 120,536$10.5M0.62%+1,205Timeline
CSVCARRIAGE SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 91,500 shares; 2025Q2: 132,695 shares; 2025Q3: 211,425 shares; 2025Q4: 246,699 shares 246,699$10.4M0.61%+35,274Timeline
HSTMHEALTHSTREAM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 860,709 shares; 2024Q4: 794,694 shares; 2025Q1: 613,971 shares; 2025Q2: 545,982 shares; 2025Q3: 452,384 shares; 2025Q4: 451,794 shares 451,794$10.4M0.61%-590Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 26,572 shares; 2025Q4: 30,725 shares 30,725$10.1M0.59%+4,153Timeline
WMWASTE MGMT INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,582 shares; 2024Q4: 50,960 shares; 2025Q1: 42,811 shares; 2025Q2: 44,807 shares; 2025Q3: 45,117 shares; 2025Q4: 45,589 shares 45,589$10M0.58%+472Timeline
ACICAMERICAN COASTAL INS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 448,298 shares; 2024Q4: 551,347 shares; 2025Q1: 455,400 shares; 2025Q2: 596,329 shares; 2025Q3: 723,900 shares; 2025Q4: 776,400 shares 776,400$9.81M0.57%+52,500Timeline
EOGEOG RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 76,842 shares; 2024Q4: 75,276 shares; 2025Q1: 75,854 shares; 2025Q2: 89,180 shares; 2025Q3: 89,691 shares; 2025Q4: 89,897 shares 89,897$9.44M0.55%+206Timeline
BXMTBLACKSTONE MORTGAGE TRUST INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 307,615 shares; 2025Q1: 365,164 shares; 2025Q2: 430,155 shares; 2025Q3: 479,793 shares; 2025Q4: 480,653 shares 480,653$9.19M0.54%+860Timeline
RSGREPUBLIC SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 59,608 shares; 2024Q4: 59,033 shares; 2025Q1: 49,542 shares; 2025Q2: 41,555 shares; 2025Q3: 41,686 shares; 2025Q4: 41,987 shares 41,987$8.9M0.52%+301Timeline
LINCLINCOLN EDL SVCS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 923,800 shares; 2024Q4: 856,800 shares; 2025Q1: 488,800 shares; 2025Q2: 433,650 shares; 2025Q3: 371,750 shares; 2025Q4: 362,295 shares 362,295$8.75M0.51%-9,455Timeline
TGTTARGET CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 57,501 shares; 2024Q4: 56,861 shares; 2025Q1: 84,190 shares; 2025Q2: 86,678 shares; 2025Q3: 86,262 shares; 2025Q4: 85,772 shares 85,772$8.38M0.49%-490Timeline
HCKTHACKETT GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 408,711 shares; 2024Q4: 404,106 shares; 2025Q1: 410,741 shares; 2025Q2: 427,401 shares; 2025Q3: 428,654 shares; 2025Q4: 427,053 shares 427,053$8.38M0.49%-1,601Timeline
LEGHLEGACY HOUSING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 603,008 shares; 2024Q4: 638,020 shares; 2025Q1: 419,520 shares; 2025Q2: 419,520 shares; 2025Q3: 429,110 shares; 2025Q4: 429,110 shares 429,110$8.38M0.49%0Timeline
IDRIDAHO STRATEGIC RESOURCESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 182,557 shares; 2025Q3: 209,655 shares; 2025Q4: 206,365 shares 206,365$8.32M0.49%-3,290Timeline
CLFDCLEARFIELD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 218,480 shares; 2024Q4: 256,000 shares; 2025Q1: 177,000 shares; 2025Q2: 177,000 shares; 2025Q3: 262,610 shares; 2025Q4: 278,110 shares 278,110$8.11M0.47%+15,500Timeline
NRIMNORTHRIM BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 19,827 shares; 2025Q3: 247,496 shares; 2025Q4: 302,900 shares 302,900$8.06M0.47%+55,404Timeline
BWBBRIDGEWATER BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 611,212 shares; 2024Q4: 635,000 shares; 2025Q1: 382,500 shares; 2025Q2: 424,000 shares; 2025Q3: 433,960 shares; 2025Q4: 438,960 shares 438,960$7.69M0.45%+5,000Timeline
PAYSPAYSIGN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 552,735 shares; 2025Q4: 1,462,560 shares 1,462,560$7.53M0.44%+909,825Timeline
INFUINFUSYSTEM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 959,656 shares; 2024Q4: 959,656 shares; 2025Q1: 614,656 shares; 2025Q2: 878,500 shares; 2025Q3: 809,750 shares; 2025Q4: 824,750 shares 824,750$7.4M0.43%+15,000Timeline
APEIAMERICAN PUB ED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 145,178 shares; 2025Q3: 195,316 shares; 2025Q4: 195,316 shares 195,316$7.38M0.43%0Timeline
RSSSRESEARCH SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,499,310 shares 2,499,310$7.35M0.43%0Timeline
NATRNATURES SUNSHINE PRODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 300,000 shares; 2025Q3: 312,000 shares; 2025Q4: 340,000 shares 340,000$7.34M0.43%+28,000Timeline
AGYSAGILYSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 99,640 shares; 2024Q4: 99,960 shares; 2025Q1: 61,440 shares; 2025Q2: 61,850 shares; 2025Q3: 61,930 shares; 2025Q4: 61,700 shares 61,700$7.33M0.43%-230Timeline
BAPRABOEING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 105,335 shares; 2025Q1: 104,265 shares; 2025Q2: 105,990 shares; 2025Q3: 106,235 shares; 2025Q4: 106,005 shares 106,005$7.32M0.43%-230Timeline
MYFWFIRST WESTN FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 347,915 shares; 2024Q4: 355,475 shares; 2025Q1: 210,475 shares; 2025Q2: 314,737 shares; 2025Q3: 311,502 shares; 2025Q4: 270,945 shares 270,945$7.26M0.42%-40,557Timeline
ALEXALEXANDER & BALDWIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 252,221 shares; 2024Q4: 252,054 shares; 2025Q1: 251,390 shares; 2025Q2: 257,451 shares; 2025Q3: 260,449 shares; 2025Q4: 348,665 shares 348,665$7.2M0.42%+88,216Timeline
ELVELEVANCE HEALTH INC FORMERLYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,577 shares; 2024Q4: 22,394 shares; 2025Q1: 22,233 shares; 2025Q2: 23,163 shares; 2025Q3: 23,249 shares; 2025Q4: 19,599 shares 19,599$6.87M0.4%-3,650Timeline
MRVLMARVELL TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 77,592 shares 77,592$6.59M0.38%newTimeline
RMTROYCE MICRO-CAP TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 615,988 shares 615,988$6.42M0.38%-730Timeline
NVECNVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 91,100 shares; 2024Q4: 92,475 shares; 2025Q1: 55,055 shares; 2025Q2: 55,055 shares; 2025Q3: 86,690 shares; 2025Q4: 101,770 shares 101,770$6.04M0.35%+15,080Timeline
DUKDUKE ENERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 47,422 shares; 2025Q3: 47,448 shares; 2025Q4: 47,624 shares 47,624$5.58M0.33%+176Timeline
ELMDELECTROMED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 360,244 shares; 2024Q4: 270,795 shares; 2025Q1: 163,594 shares; 2025Q2: 163,594 shares; 2025Q3: 175,520 shares; 2025Q4: 187,020 shares 187,020$5.45M0.32%+11,500Timeline
FCFRANKLIN COVEY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 629,666 shares; 2024Q4: 679,100 shares; 2025Q1: 586,071 shares; 2025Q2: 589,507 shares; 2025Q3: 591,318 shares; 2025Q4: 312,870 shares 312,870$5.25M0.31%-278,448Timeline
TAT&T INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 394,565 shares; 2024Q4: 372,474 shares; 2025Q1: 309,417 shares; 2025Q2: 208,314 shares; 2025Q3: 208,578 shares; 2025Q4: 207,818 shares 207,818$5.16M0.3%-760Timeline
RFILRF INDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 877,150 shares 877,150$5.07M0.3%+74,091Timeline
UFPTUFP TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,600 shares; 2024Q4: 37,200 shares; 2025Q1: 22,700 shares; 2025Q2: 22,700 shares; 2025Q3: 22,700 shares; 2025Q4: 22,700 shares 22,700$5.04M0.29%0Timeline
VMDVIEMED HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 796,025 shares; 2024Q4: 845,651 shares; 2025Q1: 580,000 shares; 2025Q2: 613,000 shares; 2025Q3: 671,360 shares; 2025Q4: 671,360 shares 671,360$4.99M0.29%0Timeline
ALNTALLIENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,000 shares; 2024Q4: 208,000 shares; 2025Q1: 118,000 shares; 2025Q2: 102,000 shares; 2025Q3: 89,500 shares; 2025Q4: 89,500 shares 89,500$4.81M0.28%0Timeline
GLREGREENLIGHT CAP RE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 654,580 shares; 2024Q4: 640,081 shares; 2025Q1: 588,464 shares; 2025Q2: 544,288 shares; 2025Q3: 482,250 shares; 2025Q4: 317,000 shares 317,000$4.62M0.27%-165,250Timeline
CVEOCIVEO CORP CDAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 415,352 shares; 2024Q4: 434,300 shares; 2025Q1: 273,470 shares; 2025Q2: 273,470 shares; 2025Q3: 275,585 shares; 2025Q4: 196,618 shares 196,618$4.5M0.26%-78,967Timeline
OPXSOPTEX SYS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 406,000 shares; 2024Q4: 372,500 shares; 2025Q1: 372,500 shares; 2025Q2: 331,495 shares; 2025Q3: 319,863 shares; 2025Q4: 296,960 shares 296,960$4.21M0.25%-22,903Timeline
GHMGRAHAM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,106 shares; 2024Q4: 76,255 shares; 2025Q1: 76,255 shares; 2025Q2: 73,255 shares; 2025Q3: 67,755 shares; 2025Q4: 65,503 shares 65,503$4.21M0.25%-2,252Timeline
AMLPALPS ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 174,847 shares; 2024Q4: 172,785 shares; 2025Q1: 144,436 shares; 2025Q2: 87,344 shares; 2025Q3: 87,483 shares; 2025Q4: 87,148 shares 87,148$4.1M0.24%-335Timeline
SJTSAN JUAN BASIN RTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 443,701 shares; 2025Q4: 700,000 shares 700,000$3.93M0.23%+256,299Timeline
ACNACCENTURE PLC IRELANDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,616 shares; 2024Q4: 32,034 shares; 2025Q1: 31,906 shares; 2025Q2: 33,176 shares; 2025Q3: 33,295 shares; 2025Q4: 14,545 shares 14,545$3.9M0.23%-18,750Timeline
SMRTSMARTRENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,907,285 shares 1,907,285$3.85M0.22%newTimeline
FLXSFLEXSTEEL INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 82,000 shares; 2024Q4: 66,685 shares; 2025Q1: 42,863 shares; 2025Q2: 60,000 shares; 2025Q3: 73,502 shares; 2025Q4: 90,980 shares 90,980$3.59M0.21%+17,478Timeline
BCICBCP INVESTMENT CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 211,139 shares; 2024Q4: 189,923 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 365,149 shares; 2025Q4: 299,195 shares 299,195$3.54M0.21%-65,954Timeline
TRNSTRANSCAT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 93,530 shares; 2024Q4: 93,530 shares; 2025Q1: 57,530 shares; 2025Q2: 57,530 shares; 2025Q3: 57,530 shares; 2025Q4: 59,235 shares 59,235$3.36M0.2%+1,705Timeline
QXO INCQXO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 56,770 shares; 2025Q3: 57,000 shares; 2025Q4: 57,015 shares 57,015$3.14M0.18%+15
KKR & CO INCKKR & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 58,595 shares; 2025Q2: 59,840 shares; 2025Q3: 60,250 shares; 2025Q4: 60,405 shares 60,405$3.13M0.18%+155
PLBCPLUMAS BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 43,940 shares; 2024Q4: 43,940 shares; 2025Q1: 43,940 shares; 2025Q2: 43,940 shares; 2025Q3: 62,535 shares; 2025Q4: 69,275 shares 69,275$3.1M0.18%+6,740Timeline
KEQUKEWAUNEE SCIENTIFIC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 20,000 shares; 2025Q2: 43,300 shares; 2025Q3: 70,085 shares; 2025Q4: 81,835 shares 81,835$3.06M0.18%+11,750Timeline
MLRMILLER INDS INC TENNQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 81,186 shares 81,186$3.03M0.18%newTimeline
AVNSAVANOS MED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 270,000 shares 270,000$3.03M0.18%newTimeline
TAYDTAYLOR DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,270 shares; 2024Q4: 50,000 shares; 2025Q1: 48,864 shares; 2025Q2: 50,000 shares; 2025Q3: 51,325 shares; 2025Q4: 51,325 shares 51,325$3M0.18%0Timeline
HGBLHERITAGE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,384,652 shares 2,384,652$2.96M0.17%-90,576Timeline
MLCIMOUNT LOGAN CAP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 405,343 shares; 2025Q4: 355,018 shares 355,018$2.93M0.17%-50,325Timeline
RCMTRCM TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 75,000 shares; 2025Q2: 75,600 shares; 2025Q3: 97,206 shares; 2025Q4: 136,078 shares 136,078$2.78M0.16%+38,872Timeline
HTLDHEARTLAND EXPRESS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 290,000 shares 290,000$2.62M0.15%newTimeline
FFWMFIRST FNDTN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 14,250 shares; 2025Q1: 15,790 shares; 2025Q2: 27,960 shares; 2025Q3: 26,375 shares; 2025Q4: 415,980 shares 415,980$2.56M0.15%+389,605Timeline
PDEXPRO-DEX INC COLOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 68,000 shares; 2024Q4: 64,000 shares; 2025Q1: 54,000 shares; 2025Q2: 34,200 shares; 2025Q3: 48,608 shares; 2025Q4: 60,000 shares 60,000$2.31M0.13%+11,392Timeline
HCIHCI GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,238 shares; 2024Q4: 18,291 shares; 2025Q1: 12,000 shares; 2025Q2: 12,000 shares; 2025Q3: 12,280 shares; 2025Q4: 12,000 shares 12,000$2.3M0.13%-280Timeline
MAMAMAMAS CREATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 130,000 shares; 2024Q4: 130,000 shares; 2025Q1: 130,000 shares; 2025Q2: 130,000 shares; 2025Q3: 165,000 shares; 2025Q4: 165,000 shares 165,000$2.23M0.13%0Timeline
FISVFISERV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 109,259 shares; 2024Q4: 107,874 shares; 2025Q1: 85,885 shares; 2025Q2: 88,616 shares; 2025Q3: 88,518 shares; 2025Q4: 30,151 shares 30,151$2.03M0.12%-58,367Timeline
IWVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,787 shares; 2024Q4: 4,722 shares; 2025Q1: 4,614 shares; 2025Q2: 4,675 shares; 2025Q3: 4,927 shares; 2025Q4: 5,093 shares 5,093$1.97M0.12%+166Timeline
LGCYLEGACY ED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 85,000 shares; 2025Q2: 159,808 shares; 2025Q3: 168,500 shares; 2025Q4: 185,000 shares 185,000$1.89M0.11%+16,500Timeline
EPSNEPSILON ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 304,355 shares; 2024Q4: 265,855 shares; 2025Q1: 211,200 shares; 2025Q2: 211,200 shares; 2025Q3: 311,905 shares; 2025Q4: 376,905 shares 376,905$1.75M0.1%+65,000Timeline
IRMDIRADIMED CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 17,000 shares; 2025Q4: 17,000 shares 17,000$1.65M0.1%0Timeline
NBNNORTHEAST BK PORTLAND MEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,550 shares; 2024Q4: 11,050 shares; 2025Q1: 10,700 shares; 2025Q2: 15,050 shares; 2025Q3: 14,835 shares; 2025Q4: 14,740 shares 14,740$1.53M0.09%-95Timeline
IJRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75 shares; 2024Q4: 75 shares; 2025Q1: 93 shares; 2025Q2: 93 shares; 2025Q3: 95 shares; 2025Q4: 12,376 shares 12,376$1.49M0.09%+12,281Timeline
KRTKARAT PACKAGING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53,500 shares; 2024Q4: 53,500 shares; 2025Q1: 53,500 shares; 2025Q2: 56,000 shares; 2025Q3: 61,515 shares; 2025Q4: 62,615 shares 62,615$1.41M0.08%+1,100Timeline
ACCSACCESS NEWSWIRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 89,900 shares; 2024Q4: 111,500 shares; 2025Q1: 125,000 shares; 2025Q2: 128,300 shares; 2025Q3: 138,260 shares; 2025Q4: 142,410 shares 142,410$1.32M0.08%+4,150Timeline
AVNWAVIAT NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 557,671 shares; 2024Q4: 398,877 shares; 2025Q1: 214,619 shares; 2025Q2: 101,944 shares; 2025Q3: 72,500 shares; 2025Q4: 49,500 shares 49,500$1.06M0.06%-23,000Timeline
LFTLUMENT FINANCE TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 267,162 shares 267,162$377K0.02%-440,150Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 930 shares; 2025Q3: 860 shares; 2025Q4: 760 shares 760$285K0.02%-100Timeline
VBRVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,283 shares; 2024Q4: 1,212 shares; 2025Q1: 1,152 shares; 2025Q2: 1,608 shares; 2025Q3: 1,173 shares; 2025Q4: 1,208 shares 1,208$256K0.01%+35Timeline
JEFJEFFERIES FINANCIAL GROUP INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,275 shares; 2025Q3: 5,495 shares; 2025Q4: 3,685 shares 3,685$228K0.01%-1,810Timeline
LAMRLAMAR ADVERTISING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,620 shares 1,620$205K0.01%newTimeline
VTIVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 290 shares; 2024Q4: 324 shares; 2025Q1: 412 shares; 2025Q2: 689 shares; 2025Q3: 443 shares; 2025Q4: 448 shares 448$150K0.01%+5Timeline
IWMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140 shares; 2024Q4: 490 shares; 2025Q1: 140 shares; 2025Q2: 140 shares; 2025Q3: 185 shares; 2025Q4: 505 shares 505$124K0.01%+320Timeline
CIONCION INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 10,435 shares 10,435$101K0.01%newTimeline
IWCISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 354 shares; 2024Q4: 354 shares; 2025Q1: 366 shares; 2025Q2: 366 shares; 2025Q3: 367 shares; 2025Q4: 367 shares 367$57.9K<0.01%0Timeline
VOOVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 123 shares; 2024Q4: 1,173 shares; 2025Q1: 62 shares; 2025Q2: 129 shares; 2025Q3: 62 shares; 2025Q4: 62 shares 62$38.9K<0.01%0Timeline
AGGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 605 shares; 2024Q4: 605 shares; 2025Q1: 300 shares; 2025Q2: 300 shares; 2025Q3: 300 shares; 2025Q4: 300 shares 300$30K<0.01%0Timeline
SUSAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 275 shares; 2024Q4: 190 shares; 2025Q1: 190 shares; 2025Q2: 190 shares; 2025Q3: 190 shares; 2025Q4: 190 shares 190$26.5K<0.01%0Timeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23 shares; 2024Q4: 24 shares; 2025Q1: 28 shares; 2025Q2: 28 shares; 2025Q3: 28 shares; 2025Q4: 28 shares 28$19.2K<0.01%0Timeline
HYGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 78 shares; 2024Q4: 78 shares; 2025Q1: 96 shares; 2025Q2: 96 shares; 2025Q3: 98 shares; 2025Q4: 98 shares 98$7.9K<0.01%0Timeline
IEFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 57 shares; 2025Q1: 67 shares; 2025Q2: 67 shares; 2025Q3: 68 shares; 2025Q4: 68 shares 68$6.08K<0.01%0Timeline
LQDISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 37 shares; 2024Q4: 37 shares; 2025Q1: 45 shares; 2025Q2: 45 shares; 2025Q3: 47 shares; 2025Q4: 47 shares 47$5.18K<0.01%0Timeline
IVEISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15 shares; 2024Q4: 15 shares; 2025Q1: 15 shares; 2025Q2: 15 shares; 2025Q3: 15 shares; 2025Q4: 20 shares 20$4.29K<0.01%+5Timeline

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% 6/0principal4,987,000$4.74M-10,000

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
SKYCHAMPION HOMES INC164,045$12.5Mshares
CIVICIVITAS RESOURCES INC259,248$8.43Mshares
AREALEXANDRIA REAL ESTATE EQ IN72,480$6.04Mshares
POTBELLY CORPPOTBELLY CORP338,779$5.77Mshares
GRSDGRANDSTAND LTD628,315$5.14Mshares
LADRLADDER CAP CORP421,594$4.6Mshares
PERFORMANT HEALTHCARE INCPERFORMANT HEALTHCARE INC549,000$4.24Mshares
DHILDIAMOND HILL INVT GROUP INC25,653$3.59Mshares
LOPEGRAND CANYON ED INC1,105$243Kshares
KDKYNDRYL HLDGS INC6,770$203Kshares
QRHCQUEST RESOURCE HLDG CORP111,654$174Kshares

How Q4 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 0001398344-26-003220 base2026-02-17acceptance time not in the bulk data set