Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$150M in Q2 2013 → $158M now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Eastern Co | 9.6% | Unchanged | 546,402 | $15.2M |
| Tredegar Corp | 8.4% | Unchanged | 1,665,607 | $13.3M |
| IH Infusystem Hldgs Inc | 8.2% | Added 12% | 1,348,617 | $13M |
| SI Sifco Inds Inc | 6.7% | Trimmed 5.2% | 455,650 | $10.7M |
| Escalade Inc | 6.7% | Trimmed 0.1% | 567,222 | $10.7M |
| Virco Mfg Co | 6.0% | Added 1.2% | 1,535,454 | $9.43M |
| UM Utah Med Prods Inc | 4.1% | Unchanged | 93,615 | $6.46M |
| Unifi Inc | 3.8% | Added 0.0% | 1,258,792 | $5.98M |
| DH Dlh Hldgs Corp | 3.7% | Added 0.3% | 1,116,368 | $5.86M |
| NH Navigator Hldgs Ltd | 3.5% | Unchanged | 296,212 | $5.52M |
| KS Kewaunee Scientific Corp | 3.4% | Added 9.3% | 149,410 | $5.31M |
| SE Scripps E W Co Ohio | 3.2% | Added 20% | 1,832,707 | $5.08M |
| CN Camden Natl Corp | 3.1% | Unchanged | 89,568 | $4.86M |
| Astronics Corp | 2.8% | Trimmed 22% | 55,041 | $4.47M |
| PB Pathfinder Bancorp Inc Md | 2.6% | Unchanged | 262,204 | $4.16M |
| FA Freightcar Amer Inc | 2.3% | Added 11% | 379,030 | $3.69M |
| KS Kelly Svcs Inc | 2.0% | Added 27% | 253,162 | $3.11M |
| Foster L B Co | 1.9% | Trimmed 19% | 67,922 | $3.07M |
| Crawford & Co | 1.9% | Unchanged | 288,178 | $3.01M |
| NH Ni Hldgs Inc | 1.3% | Unchanged | 129,900 | $2.04M |
| CF Columbia Finl Inc | 1.2% | Added 164% | 89,294 | $1.89M |
| Mid Penn Bancorp Inc | 1.2% | Unchanged | 54,177 | $1.89M |
| CF Citizens Finl Group Inc | 1.0% | Unchanged | 21,485 | $1.51M |
| Eastern Bankshares Inc | 0.9% | Unchanged | 62,576 | $1.39M |
| Unisys Corp | 0.8% | Unchanged | 345,347 | $1.26M |
| FN F N B Corp | 0.8% | Unchanged | 64,075 | $1.22M |
| First Merchants Corp | 0.7% | Unchanged | 23,662 | $1.03M |
| EB Ecb Bancorp Inc | 0.6% | Unchanged | 49,940 | $1M |
| C& Citizens & Northn Corp | 0.6% | Unchanged | 42,900 | $1M |
| Contango Silver & Gold Inc | 0.6% | Unchanged | 59,647 | $942K |
| CP Central Plains Bancshares In | 0.6% | Unchanged | 49,117 | $935K |
| Norwood Financial Corp | 0.6% | Unchanged | 28,580 | $919K |
| Fmc Corp | 0.6% | Added 63% | 78,000 | $897K |
| Donegal Group Inc | 0.6% | Unchanged | 46,490 | $877K |
| MB Marathon Bancorp Inc | 0.5% | Trimmed 5.5% | 55,750 | $852K |
| Lake Shore Bancorp Inc | 0.5% | Unchanged | 44,259 | $788K |
| FB First Bk Williamstown New Je | 0.5% | Unchanged | 41,143 | $729K |
| HB Horizon Bancorp Ind | 0.4% | Unchanged | 35,052 | $700K |
| Northwest Bancshares Inc | 0.4% | Unchanged | 38,000 | $576K |
| TH Thryv Hldgs Inc | 0.4% | Unchanged | 144,329 | $569K |
| FC First Comwlth Finl Corp Pa | 0.3% | Unchanged | 25,560 | $520K |
| EB Eagle Bancorp Mont Inc | 0.3% | Unchanged | 21,098 | $505K |
| RM Richmond Mut Bancorporation | 0.3% | Unchanged | 30,224 | $480K |
| Donegal Group Inc | 0.2% | Unchanged | 17,856 | $389K |
| DM Deluxe Corp Medium Term Nts | 0.2% | Unchanged | 13,900 | $332K |
| AF Ameriserv Finl Inc | 0.1% | Unchanged | 58,200 | $226K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| GL Great Lakes Dredge & Dock Co | Exited | −1,029,703 | −$17.5M | — |
| IH Infusystem Hldgs Inc | Added | +144,512 | +$1.39M | 8.2% |
| Astronics Corp | Trimmed | −15,299 | −$1.24M | 2.8% |
| CF Columbia Finl Inc | Added | +55,500 | +$1.18M | 1.2% |
| SE Scripps E W Co Ohio | Added | +306,217 | +$848K | 3.2% |
| Foster L B Co | Trimmed | −16,043 | −$725K | 1.9% |
| KS Kelly Svcs Inc | Added | +53,366 | +$655K | 2.0% |
| SI Sifco Inds Inc | Trimmed | −25,000 | −$585K | 6.7% |
| KS Kewaunee Scientific Corp | Added | +12,705 | +$451K | 3.4% |
| Proassurance Corp | Exited | −17,234 | −$426K | — |
Showing the 10 largest of 17 changes.
quarter ended March 31, 2026 · filed May 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| GL Great Lakes Dredge & Dock Co | Trimmed | −360,104 | −$6.12M | 11.3% |
| Astronics Corp | Trimmed | −31,904 | −$2.13M | 3.0% |
| Kelly Services Inc | Added | +141,396 | +$1.25M | 1.1% |
| IH Infusystem Hldgs Inc | Added | +125,374 | +$1.16M | 7.2% |
| DP Dorman Prods Inc | Exited | −8,590 | −$1.06M | — |
| US United Sts Lime & Minerals I | Exited | −6,250 | −$748K | — |
| Freightcar America Inc | Added | +73,977 | +$590K | 1.8% |
| First Merchants Corp | Added | +13,787 | +$534K | 0.6% |
| SB Southstate Bk Corp | Exited | −5,661 | −$533K | — |
| SE Scripps E W Co Ohio | Added | +140,570 | +$523K | 3.7% |
Showing the 10 largest of 27 changes.
quarter ended December 31, 2025 · filed February 09, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Astronics Corp | Trimmed | −92,797 | −$5.03M | 3.7% |
| Saga Communications Inc | Trimmed | −194,857 | −$2.23M | 0.2% |
| KS Kewaunee Scientific Corp | Added | +41,589 | +$1.56M | 3.0% |
| HB Harborone Bancorp Inc New | Exited | −88,414 | −$1.2M | — |
| Eastern Bankshares Inc | New | +62,576 | +$1.15M | 0.8% |
| Fmc Corp | New | +48,000 | +$666K | 0.4% |
| Virco Mfg Co | Added | +85,696 | +$548K | 6.2% |
| IH Infusystem Hldgs Inc | Added | +52,942 | +$475K | 6.5% |
| TH Thryv Hldgs Inc | Trimmed | −54,000 | −$327K | 0.6% |
| Unifi Inc | Added | +69,939 | +$245K | 2.9% |
Showing the 10 largest of 19 changes.
quarter ended September 30, 2025 · filed November 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Astronics Corp | Trimmed | −60,864 | −$2.78M | 5.6% |
| Virco Mfg Co | Added | +78,986 | +$612K | 6.7% |
| Lake Shore Bancorp Inc | New | +44,259 | +$575K | 0.4% |
| SB Southstate Bk Corp | New | +5,661 | +$560K | 0.4% |
| SS South State Corp | Exited | −5,661 | −$521K | — |
| Lake Shore Bancorp Inc | Exited | −30,474 | −$481K | — |
| FA Freightcar Amer Inc | Added | +39,541 | +$387K | 1.6% |
| IH Infusystem Hldgs Inc | Added | +31,008 | +$321K | 6.7% |
| Unifi Inc | Added | +67,272 | +$320K | 3.5% |
| SE Scripps E W Co Ohio | Added | +126,078 | +$310K | 2.2% |
Showing the 10 largest of 17 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Astronics Corp | Trimmed | −207,200 | −$6.93M | 5.6% |
| VB Village Bank & Trust Fin Co | Exited | −19,745 | −$1.58M | — |
| Unifi Inc | Added | +177,435 | +$926K | 3.7% |
| VM Virco Manufacturing Co | Added | +73,061 | +$583K | 6.7% |
| MB Marathon Bancorp Inc | New | +54,718 | +$545K | 0.4% |
| Dlh Holdings Corp | Added | +92,346 | +$536K | 4.2% |
| IH Infusystem Hldgs Inc | Added | +84,104 | +$522K | 4.0% |
| Kelly Services Inc | New | +40,000 | +$468K | 0.3% |
| Eastern Co | Added | +19,066 | +$435K | 7.9% |
| UM Utal Med Prods Inc | Added | +6,156 | +$348K | 3.5% |
Showing the 10 largest of 18 changes.
quarter ended March 31, 2025 · filed May 09, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| US Universal Stainless & Alloy | Exited | −391,487 | −$17.2M | — |
| KS Kewaunee Scientific Cp | Trimmed | −35,728 | −$1.41M | 2.1% |
| Icc Holdings Inc | Exited | −33,367 | −$776K | — |
| Dlh Holdings Corp | Added | +170,805 | +$692K | 2.9% |
| UM Utal Med Prods Inc | Added | +8,513 | +$477K | 3.5% |
| VM Virco Manufacturing Co | Added | +47,866 | +$453K | 8.1% |
| GL Great Lakes Dredge & Dock Co | Added | +48,000 | +$418K | 8.6% |
| IH Infusystem Hldgs Inc | Added | +63,826 | +$343K | 3.5% |
| TH Thryv Holdings Iinc | Trimmed | −21,500 | −$275K | 1.8% |
| SE Scripps E W Co Ohio | Added | +92,000 | +$272K | 2.7% |
Showing the 10 largest of 14 changes.
quarter ended December 31, 2024 · filed February 04, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| UM Utal Med Prods Inc | Added | +36,061 | +$2.22M | 2.8% |
| US Universal Stainless & Alloy | Trimmed | −43,604 | −$1.92M | 10.1% |
| Freightcar America Inc | Trimmed | −200,099 | −$1.79M | 1.1% |
| Dlh Holdings Corp | Added | +211,215 | +$1.7M | 4.0% |
| VM Virco Manufacturing Co | Added | +60,900 | +$622K | 6.9% |
| Unifi Inc | Added | +45,013 | +$281K | 3.1% |
| KS Kewaunee Scientific Cp | Added | +4,311 | +$263K | 3.9% |
| Sifco Industries Inc | Added | +42,862 | +$161K | 1.0% |
| Eastern Co | Added | +3,768 | +$100K | 7.8% |
| SE Scripps E W Co Ohio | Trimmed | −24,599 | −$54.6K | 1.5% |
Showing the 10 largest of 13 changes.
quarter ended September 30, 2024 · filed November 08, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Freightcar America Inc | Trimmed | −367,308 | −$3.96M | 2.6% |
| US Universal Stainless & Alloy | Trimmed | −89,680 | −$3.46M | 9.7% |
| UM Utal Med Prods Inc | Added | +34,794 | +$2.32M | 1.6% |
| Dlh Holdings Corp | Added | +123,796 | +$1.16M | 3.4% |
| SE Scripps E W Co Ohio | Added | +389,481 | +$872K | 1.5% |
| Unifi Inc | Added | +81,742 | +$600K | 3.4% |
| UL Us Lime & Mineral | Added | +5,000 | +$487K | 0.4% |
| Dorman Products Inc | Trimmed | −3,900 | −$441K | 0.6% |
| Tredegar Corp | Added | +55,357 | +$404K | 7.0% |
| VM Virco Manufacturing Co | Trimmed | −17,331 | −$239K | 8.8% |
Showing the 10 largest of 18 changes.
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