CIK 1512275
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Commercial Services & Supplies | 24.79% | 2 |
| Professional Services | 17.64% | 2 |
| Distributors | 16.16% | 2 |
| Construction & Engineering | 10.07% | 2 |
| Food & Staples Retailing | 8.77% | 1 |
| Hotels, Restaurants & Leisure | 6.66% | 4 |
| Machinery | 3.21% | 1 |
| Entertainment | 2.88% | 1 |
| Metals & Mining | 2.34% | 1 |
| Transportation Infrastructure | 1.99% | 1 |
| Semiconductors & Semiconductor Equipment | 1.70% | 1 |
| Oil, Gas & Consumable Fuels | 1.68% | 1 |
| Specialty Retail | 1.44% | 1 |
| Textiles, Apparel & Luxury Goods | 0.47% | 1 |
| Automobiles & Components | 0.17% | 1 |
| Communications Equipment | 0.02% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | NVRI | Enviri Corp | Industrials | 21.52% |
| 2 | MG | Mistras Group, Inc. | Industrials | 14.51% |
| 3 | ALTG | ALTA EQUIPMENT GROUP INC. | Consumer Discretionary | 12.32% |
| 4 | GO | Grocery Outlet Holding Corp. | Consumer Staples | 8.77% |
| 5 | BZH | BEAZER HOMES USA INC | Industrials | 8.46% |
| 6 | NDLS | NOODLES & Co | Consumer Discretionary | 3.91% |
| 7 | BXC | BlueLinx Holdings Inc. | Consumer Discretionary | 3.84% |
| 8 | QNST | QUINSTREET, INC | Industrials | 3.27% |
| 9 | LCUT | LIFETIME BRANDS, INC | Industrials | 3.21% |
| 10 | BWMN | Bowman Consulting Group Ltd. | Industrials | 3.14% |
23/23 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 78.5%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 68.8% of book weight (17/23 names) · unclassified 31.2%: NVRI, NDLS, QNST, KRP, CNTY, AIOT. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | NVRIENVIRI CORP | 2,090,743 | $41M | 21.5% | HOLD |
| 2 | MGMISTRAS GROUP INC | 1,870,580 | $28M | 14.5% | ADD 12% |
| 3 | ALTGALTA EQUIPMENT GROUP INC | 4,373,208 | $23M | 12.3% | HOLD |
| 4 | GOGROCERY OUTLET HLDG CORP | 2,370,897 | $17M | 8.8% | ADD 139% |
| 5 | BZHBEAZER HOMES USA INC | 838,035 | $16M | 8.5% | HOLD |
| 6 | NDLSNOODLES & CO | 870,660 | $7M | 3.9% | TRIM −88% |
| 7 | BXCBLUELINX HLDGS INC | 134,964 | $7M | 3.8% | HOLD |
| 8 | QNSTQUINSTREET INC | 518,879 | $6M | 3.3% | HOLD |
| 9 | LCUTLIFETIME BRANDS INC | 1,065,810 | $6M | 3.2% | HOLD |
| 10 | BWMNBOWMAN CONSULTING GROUP LTD | 210,333 | $6M | 3.1% | NEW |
| 11 | RSVRRESERVOIR MEDIA INC | 560,658 | $5M | 2.9% | TRIM −45% |
| 12 | MATWMATTHEWS INTL CORP | 172,715 | $4M | 2.3% | ADD 31% |
| 13 | FWRDFORWARD AIR CORP | 226,750 | $4M | 2.0% | ADD 35% |
| 14 | PLABPHOTRONICS INC | 80,200 | $3M | 1.7% | HOLD |
| 15 | KRPKIMBELL RTY PARTNERS LP | 221,295 | $3M | 1.7% | TRIM −59% |
| 16 | BBCPCONCRETE PUMPING HLDGS INC | 430,805 | $3M | 1.6% | HOLD |
| 17 | ARHSARHAUS INC | 403,900 | $3M | 1.4% | NEW |
| 18 | CVEOCIVEO CORP CDA | 101,738 | $3M | 1.4% | ADD 11% |
| 19 | CNTYCENTURY CASINOS INC | 1,095,900 | $2M | 0.8% | HOLD |
| 20 | PZZAPAPA JOHNS INTL INC | 31,900 | $1M | 0.5% | NEW |
| 21 | CULPCULP INC | 324,669 | $889,593 | 0.5% | HOLD |
| 22 | BLBDBLUE BIRD CORP | 5,800 | $329,382 | 0.2% | HOLD |
| 23 | AIOTPOWERFLEET INC | 15,100 | $46,508 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| NVRIENVIRI CORP | 1.8M | 2.0M | 2.1M | 2.1M | 2.1M | 2.1M | $41M |
| MGMISTRAS GROUP INC | 1.7M | 1.7M | 1.7M | 1.7M | 1.7M | 1.9M | $28M |
| ALTGALTA EQUIPMENT GROUP INC | 4.3M | 4.3M | 4.3M | 4.3M | 4.3M | 4.4M | $23M |
| GOGROCERY OUTLET HLDG CORP | — | — | 10K | 35K | 991K | 2.4M | $17M |
| BZHBEAZER HOMES USA INC | 666K | 816K | 816K | 814K | 834K | 838K | $16M |
| NDLSNOODLES & CO | 7.0M | 7.0M | 7.0M | 7.0M | 7.0M | 871K | $7M |
| BXCBLUELINX HLDGS INC | 118K | 118K | 128K | 128K | 135K | 135K | $7M |
| QNSTQUINSTREET INC | 363K | 304K | 330K | 367K | 519K | 519K | $6M |
| LCUTLIFETIME BRANDS INC | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | $6M |
| BWMNBOWMAN CONSULTING GROUP LTD | — | 91K | 88K | — | — | 210K | $6M |
| RSVRRESERVOIR MEDIA INC | — | — | 23K | 328K | 1.0M | 561K | $5M |
| MATWMATTHEWS INTL CORP | — | — | — | — | 132K | 173K | $4M |
| FWRDFORWARD AIR CORP | — | — | — | 128K | 168K | 227K | $4M |
| PLABPHOTRONICS INC | — | 223K | 325K | 325K | 80K | 80K | $3M |
| KRPKIMBELL RTY PARTNERS LP | 912K | 902K | 676K | 608K | 538K | 221K | $3M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
