#	Issuer	Ticker	Shares	Value	% of Portfolio
1	Northeast Bank	66405S100	127,330	$13.2M	3.80%
2	Natural Gas Services Group Inc	63886Q109	345,662	$11.6M	3.34%
3	Heritage Insurance Hlds Inc	HRTG	371,953	$10.9M	3.13%
4	Alico Inc	ALCO	284,470	$10.3M	2.97%
5	Build A Bear Workshop	BBW	165,719	$10.2M	2.92%
6	Metropolitan Bank Hld	591774104	131,418	$10.0M	2.88%
7	Sleep Number Corp	SNBR	1,145,612	$9.7M	2.78%
8	NWPX Infrastructure	NWPX	150,123	$9.4M	2.69%
9	Kimball Electronics	KE	321,492	$8.9M	2.57%
10	Twin Disc Inc	TWIN	527,838	$8.8M	2.53%
11	Versabank	VBNK	585,118	$8.8M	2.52%
12	MotorCar Parts of America Inc	620071100	692,502	$8.5M	2.45%
13	FS Bancorp	FSBW	207,465	$8.5M	2.45%
14	Bowman Consulting Grp	BWMN	244,772	$8.1M	2.32%
15	Aviat Networks Inc	AVNW	371,258	$7.9M	2.28%
16	Amtech Systems	ASYS	627,811	$7.9M	2.26%
17	Unity Bancorp	UNTY	149,667	$7.7M	2.22%
18	Bankwell Financial Group	06654A103	167,564	$7.7M	2.20%
19	First Business Financial Servi	319390100	140,455	$7.6M	2.19%
20	Lincoln Education Services	533535100	303,558	$7.3M	2.11%