# EDGAR Filing Document

**Accession Number:** 0001846436
**File Stem:** 0001420506-25-001523
**Filing Date:** 2025-7
**Character Count:** 22060
**Document Hash:** dc29626c0636041bf3bd441218a5ff08
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-25-001523.hdr.sgml**: 20250717

**ACCESSION NUMBER**: 0001420506-25-001523

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250717

**DATE AS OF CHANGE**: 20250717

**EFFECTIVENESS DATE**: 20250717

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SummerHaven Investment Management, LLC
- **CENTRAL INDEX KEY:** 0001846436

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21013
- **FILM NUMBER:** 251129905

**BUSINESS ADDRESS:**
- **STREET 1:** 1266 E MAIN STREET, 4TH FLOOR
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06902
- **BUSINESS PHONE:** 203-352-2700

**MAIL ADDRESS:**
- **STREET 1:** 1266 E MAIN STREET, 4TH FLOOR
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06902

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** SummerHaven Investment Management LLC<br>**Address:** 1266 E MAIN STREET 4TH FLOOR<br>STAMFORD, CT 06902

**Form 13F File Number:** 028-21013

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Kurt Nelson<br>**Title:** Managing Partner<br>**Phone:** 203-352-2700

**Signature, Place, and Date of Signing:**

Kurt Nelson Managing Partner  STAMFORD, CT  07-17-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 191

**Form 13F Information Table Value Total:** $152778960

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACADEMY SPORTS  OUTDOORS IN | COM | 00402L107 |  | 683353 | 15250 | SH |  | SOLE |  | 0 | 0 | 15250 |
| ACADIAN ASSET MANAGEMENT INC | COM | 10948W103 |  | 1247637 | 35404 | SH |  | SOLE |  | 0 | 0 | 35404 |
| ADAPTHEALTH CORP | COMMON STOCK | 00653Q102 |  | 771101 | 81771 | SH |  | SOLE |  | 0 | 0 | 81771 |
| ADIENT PLC | ORD SHS | G0084W101 |  | 669638 | 34411 | SH |  | SOLE |  | 0 | 0 | 34411 |
| AGCO CORP | COM | 001084102 |  | 867988 | 8414 | SH |  | SOLE |  | 0 | 0 | 8414 |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 1027700 | 20770 | SH |  | SOLE |  | 0 | 0 | 20770 |
| ALLEGIANT TRAVEL CO | COM | 01748X102 |  | 949261 | 17275 | SH |  | SOLE |  | 0 | 0 | 17275 |
| ALPHA METALLURGICAL RESOUR I | COM | 020764106 |  | 302346 | 2688 | SH |  | SOLE |  | 0 | 0 | 2688 |
| AMALGAMATED FINANCIAL CORP | COM | 022671101 |  | 911726 | 29222 | SH |  | SOLE |  | 0 | 0 | 29222 |
| AMERANT BANCORP INC | CL A | 023576101 |  | 638688 | 35035 | SH |  | SOLE |  | 0 | 0 | 35035 |
| AMERICAN AXLE  MFG HLDGS IN | COM | 024061103 |  | 485292 | 118944 | SH |  | SOLE |  | 0 | 0 | 118944 |
| AMERICAN PUB ED INC | COM | 02913V103 |  | 1374051 | 45110 | SH |  | SOLE |  | 0 | 0 | 45110 |
| AMERICAN VANGUARD CORP | COM | 030371108 |  | 385563 | 98358 | SH |  | SOLE |  | 0 | 0 | 98358 |
| AMERICAN WOODMARK CORPORATIO | COM | 030506109 |  | 545335 | 10218 | SH |  | SOLE |  | 0 | 0 | 10218 |
| AMN HEALTHCARE SVCS INC | COM | 001744101 |  | 353106 | 17083 | SH |  | SOLE |  | 0 | 0 | 17083 |
| AMPLIFY ENERGY CORP NEW | COM | 03212B103 |  | 385926 | 120602 | SH |  | SOLE |  | 0 | 0 | 120602 |
| ANDERSONS INC | COM | 034164103 |  | 623537 | 16967 | SH |  | SOLE |  | 0 | 0 | 16967 |
| APOGEE ENTERPRISES INC | COM | 037598109 |  | 547938 | 13496 | SH |  | SOLE |  | 0 | 0 | 13496 |
| ARCBEST CORP | COM | 03937C105 |  | 584506 | 7590 | SH |  | SOLE |  | 0 | 0 | 7590 |
| ARDMORE SHIPPING CORP | COM | Y0207T100 |  | 390912 | 40720 | SH |  | SOLE |  | 0 | 0 | 40720 |
| ARROW ELECTRS INC | COM | 042735100 |  | 855310 | 6712 | SH |  | SOLE |  | 0 | 0 | 6712 |
| ATKORE INC | COM | 047649108 |  | 443266 | 6283 | SH |  | SOLE |  | 0 | 0 | 6283 |
| ATN INTL INC | COM | 00215F107 |  | 626340 | 38544 | SH |  | SOLE |  | 0 | 0 | 38544 |
| AUTONATION INC | COM | 05329W102 |  | 993846 | 5003 | SH |  | SOLE |  | 0 | 0 | 5003 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 1317745 | 7795 | SH |  | SOLE |  | 0 | 0 | 7795 |
| AVNET INC | COM | 053807103 |  | 822156 | 15489 | SH |  | SOLE |  | 0 | 0 | 15489 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 1035665 | 13620 | SH |  | SOLE |  | 0 | 0 | 13620 |
| B  G FOODS INC NEW | COM | 05508R106 |  | 434709 | 102768 | SH |  | SOLE |  | 0 | 0 | 102768 |
| BANCFIRST CORP | COM | 05945F103 |  | 1107759 | 8961 | SH |  | SOLE |  | 0 | 0 | 8961 |
| BANCORP INC DEL | COM | 05969A105 |  | 1114561 | 19564 | SH |  | SOLE |  | 0 | 0 | 19564 |
| BARRETT BUSINESS SVCS INC | COM | 068463108 |  | 1008148 | 24182 | SH |  | SOLE |  | 0 | 0 | 24182 |
| BERKSHIRE HILLS BANCORP INC | COM | 084680107 |  | 873445 | 34882 | SH |  | SOLE |  | 0 | 0 | 34882 |
| BERRY CORP | COM | 08579X101 |  | 351776 | 126995 | SH |  | SOLE |  | 0 | 0 | 126995 |
| BLUELINX HLDGS INC | COM NEW | 09624H208 |  | 646585 | 8693 | SH |  | SOLE |  | 0 | 0 | 8693 |
| BOISE CASCADE CO DEL | COM | 09739D100 |  | 595585 | 6860 | SH |  | SOLE |  | 0 | 0 | 6860 |
| BUCKLE INC | COM | 118440106 |  | 986589 | 21755 | SH |  | SOLE |  | 0 | 0 | 21755 |
| BUILD-A-BEAR WORKSHOP INC | COM | 120076104 |  | 1664099 | 32275 | SH |  | SOLE |  | 0 | 0 | 32275 |
| CABLE ONE INC | COM | 12685J105 |  | 332327 | 2447 | SH |  | SOLE |  | 0 | 0 | 2447 |
| CALERES INC | COM | 129500104 |  | 311292 | 25474 | SH |  | SOLE |  | 0 | 0 | 25474 |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 |  | 718754 | 15738 | SH |  | SOLE |  | 0 | 0 | 15738 |
| CARTERS INC | COM | 146229109 |  | 391630 | 12998 | SH |  | SOLE |  | 0 | 0 | 12998 |
| CATHAY GEN BANCORP | COM | 149150104 |  | 960911 | 21105 | SH |  | SOLE |  | 0 | 0 | 21105 |
| CENTRAL PAC FINL CORP | COM NEW | 154760409 |  | 1024721 | 36558 | SH |  | SOLE |  | 0 | 0 | 36558 |
| CLEARWATER PAPER CORP | COM | 18538R103 |  | 480051 | 17623 | SH |  | SOLE |  | 0 | 0 | 17623 |
| CNX RES CORP | COM | 12653C108 |  | 1035525 | 30746 | SH |  | SOLE |  | 0 | 0 | 30746 |
| COASTAL FINL CORP WA | COM NEW | 19046P209 |  | 1676142 | 17303 | SH |  | SOLE |  | 0 | 0 | 17303 |
| COLLEGIUM PHARMACEUTICAL INC | COM | 19459J104 |  | 735347 | 24868 | SH |  | SOLE |  | 0 | 0 | 24868 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 746122 | 15255 | SH |  | SOLE |  | 0 | 0 | 15255 |
| COMMUNITY TR BANCORP INC | COM | 204149108 |  | 982777 | 18571 | SH |  | SOLE |  | 0 | 0 | 18571 |
| COMPASS MINERALS INTL INC | COM | 20451N101 |  | 1509864 | 75155 | SH |  | SOLE |  | 0 | 0 | 75155 |
| CONSENSUS CLOUD SOLUTIONS IN | COM | 20848V105 |  | 1056748 | 45826 | SH |  | SOLE |  | 0 | 0 | 45826 |
| CONSTELLIUM SE | CL A SHS | F21107101 |  | 582420 | 43791 | SH |  | SOLE |  | 0 | 0 | 43791 |
| CORE NATURAL RESOURCES INC | COM SHS | 218937100 |  | 553526 | 7937 | SH |  | SOLE |  | 0 | 0 | 7937 |
| CRACKER BARREL OLD CTRY STOR | COM | 22410J106 |  | 1214209 | 19879 | SH |  | SOLE |  | 0 | 0 | 19879 |
| CROSS CTRY HEALTHCARE INC | COM | 227483104 |  | 764991 | 58620 | SH |  | SOLE |  | 0 | 0 | 58620 |
| CVR ENERGY INC | COM | 12662P108 |  | 871685 | 32465 | SH |  | SOLE |  | 0 | 0 | 32465 |
| DAKTRONICS INC | COM | 234264109 |  | 869415 | 57501 | SH |  | SOLE |  | 0 | 0 | 57501 |
| DANA INC | COM | 235825205 |  | 1174175 | 68465 | SH |  | SOLE |  | 0 | 0 | 68465 |
| DELEK US HLDGS INC NEW | COM | 24665A103 |  | 753479 | 35575 | SH |  | SOLE |  | 0 | 0 | 35575 |
| DELUXE CORP | COM | 248019101 |  | 585361 | 36792 | SH |  | SOLE |  | 0 | 0 | 36792 |
| DMC GLOBAL INC | COM | 23291C103 |  | 480400 | 59603 | SH |  | SOLE |  | 0 | 0 | 59603 |
| DNOW INC | COM | 67011P100 |  | 908011 | 61228 | SH |  | SOLE |  | 0 | 0 | 61228 |
| DOLE PLC | ORD SHS | G27907107 |  | 888869 | 63536 | SH |  | SOLE |  | 0 | 0 | 63536 |
| DORIAN LPG LTD | SHS USD | Y2106R110 |  | 477921 | 19603 | SH |  | SOLE |  | 0 | 0 | 19603 |
| DXC TECHNOLOGY CO | COM | 23355L106 |  | 653342 | 42730 | SH |  | SOLE |  | 0 | 0 | 42730 |
| DXP ENTERPRISES INC | COM NEW | 233377407 |  | 1542026 | 17593 | SH |  | SOLE |  | 0 | 0 | 17593 |
| EMBECTA CORP | COMMON STOCK | 29082K105 |  | 642573 | 66313 | SH |  | SOLE |  | 0 | 0 | 66313 |
| ENNIS INC | COM | 293389102 |  | 660804 | 36428 | SH |  | SOLE |  | 0 | 0 | 36428 |
| ENVIRI CORP | COM | 415864107 |  | 797978 | 91933 | SH |  | SOLE |  | 0 | 0 | 91933 |
| ETHAN ALLEN INTERIORS INC | COM | 297602104 |  | 819876 | 29439 | SH |  | SOLE |  | 0 | 0 | 29439 |
| EVERI HLDGS INC | COM | 30034T103 |  | 1232899 | 86580 | SH |  | SOLE |  | 0 | 0 | 86580 |
| FERROGLOBE PLC | SHS | G33856108 |  | 516277 | 140675 | SH |  | SOLE |  | 0 | 0 | 140675 |
| FIRST BANCORP P R | COM NEW | 318672706 |  | 901814 | 43294 | SH |  | SOLE |  | 0 | 0 | 43294 |
| FIRST BUSEY CORP | COM NEW | 319383204 |  | 1579111 | 69002 | SH |  | SOLE |  | 0 | 0 | 69002 |
| FIRST FNDTN INC | COM | 32026V104 |  | 775919 | 152141 | SH |  | SOLE |  | 0 | 0 | 152141 |
| FIRST HAWAIIAN INC | COM | 32051X108 |  | 926241 | 37109 | SH |  | SOLE |  | 0 | 0 | 37109 |
| FORRESTER RESH INC | COM | 346563109 |  | 472478 | 47725 | SH |  | SOLE |  | 0 | 0 | 47725 |
| FRESH DEL MONTE PRODUCE INC | ORD | G36738105 |  | 1180704 | 36419 | SH |  | SOLE |  | 0 | 0 | 36419 |
| G III APPAREL GROUP LTD | COM | 36237H101 |  | 681296 | 30415 | SH |  | SOLE |  | 0 | 0 | 30415 |
| GENESCO INC | COM | 371532102 |  | 616199 | 31295 | SH |  | SOLE |  | 0 | 0 | 31295 |
| GMS INC | COM | 36251C103 |  | 1084781 | 9975 | SH |  | SOLE |  | 0 | 0 | 9975 |
| GOLDEN ENTMT INC | COM | 381013101 |  | 801968 | 27250 | SH |  | SOLE |  | 0 | 0 | 27250 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 |  | 774753 | 74711 | SH |  | SOLE |  | 0 | 0 | 74711 |
| GRANITE RIDGE RESOURCES INC | COM | 387432107 |  | 783472 | 122994 | SH |  | SOLE |  | 0 | 0 | 122994 |
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 |  | 1202699 | 2754 | SH |  | SOLE |  | 0 | 0 | 2754 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 |  | 1035020 | 5145 | SH |  | SOLE |  | 0 | 0 | 5145 |
| HAIN CELESTIAL GROUP INC | COM | 405217100 |  | 177679 | 116894 | SH |  | SOLE |  | 0 | 0 | 116894 |
| HALLADOR ENERGY COMPANY | COM | 40609P105 |  | 1705936 | 107766 | SH |  | SOLE |  | 0 | 0 | 107766 |
| HANMI FINL CORP | COM NEW | 410495204 |  | 1180987 | 47852 | SH |  | SOLE |  | 0 | 0 | 47852 |
| HEALTHCARE SVCS GROUP INC | COM | 421906108 |  | 1132015 | 75317 | SH |  | SOLE |  | 0 | 0 | 75317 |
| HEARTLAND EXPRESS INC | COM | 422347104 |  | 588695 | 68136 | SH |  | SOLE |  | 0 | 0 | 68136 |
| HEIDRICK  STRUGGLES INTL IN | COM | 422819102 |  | 1170907 | 25588 | SH |  | SOLE |  | 0 | 0 | 25588 |
| HERBALIFE LTD | COM SHS | G4412G101 |  | 711469 | 82537 | SH |  | SOLE |  | 0 | 0 | 82537 |
| HERITAGE COMM CORP | COM | 426927109 |  | 911495 | 91792 | SH |  | SOLE |  | 0 | 0 | 91792 |
| HOPE BANCORP INC | COM | 43940T109 |  | 797067 | 74284 | SH |  | SOLE |  | 0 | 0 | 74284 |
| HUDSON TECHNOLOGIES INC | COM | 444144109 |  | 787007 | 96922 | SH |  | SOLE |  | 0 | 0 | 96922 |
| IMMERSION CORP | COM | 452521107 |  | 628115 | 79710 | SH |  | SOLE |  | 0 | 0 | 79710 |
| INDEPENDENT BK CORP MICH | COM NEW | 453838609 |  | 955155 | 29471 | SH |  | SOLE |  | 0 | 0 | 29471 |
| INTERNATIONAL SEAWAYS INC | COM | Y41053102 |  | 517469 | 14185 | SH |  | SOLE |  | 0 | 0 | 14185 |
| J JILL INC | COM | 46620W201 |  | 348930 | 23834 | SH |  | SOLE |  | 0 | 0 | 23834 |
| JELD-WEN HLDG INC | COM | 47580P103 |  | 244534 | 62381 | SH |  | SOLE |  | 0 | 0 | 62381 |
| KENNAMETAL INC | COM | 489170100 |  | 801189 | 34895 | SH |  | SOLE |  | 0 | 0 | 34895 |
| KIMBALL ELECTRONICS INC | COM | 49428J109 |  | 729529 | 37937 | SH |  | SOLE |  | 0 | 0 | 37937 |
| KOHLS CORP | COM | 500255104 |  | 313607 | 36982 | SH |  | SOLE |  | 0 | 0 | 36982 |
| KOPPERS HOLDINGS INC | COM | 50060P106 |  | 739964 | 23016 | SH |  | SOLE |  | 0 | 0 | 23016 |
| LAUREATE EDUCATION INC | COMMON STOCK | 518613203 |  | 1249614 | 53448 | SH |  | SOLE |  | 0 | 0 | 53448 |
| LEAR CORP | COM NEW | 521865204 |  | 661156 | 6961 | SH |  | SOLE |  | 0 | 0 | 6961 |
| LEGGETT  PLATT INC | COM | 524660107 |  | 661605 | 74171 | SH |  | SOLE |  | 0 | 0 | 74171 |
| LENDINGCLUB CORP | COM NEW | 52603A208 |  | 1107494 | 92061 | SH |  | SOLE |  | 0 | 0 | 92061 |
| LOVESAC COMPANY | COM | 54738L109 |  | 630448 | 34640 | SH |  | SOLE |  | 0 | 0 | 34640 |
| M/I HOMES INC | COM | 55305B101 |  | 737301 | 6576 | SH |  | SOLE |  | 0 | 0 | 6576 |
| MANITOWOC CO INC | COM NEW | 563571405 |  | 943714 | 78512 | SH |  | SOLE |  | 0 | 0 | 78512 |
| MANPOWERGROUP INC WIS | COM | 56418H100 |  | 484921 | 12003 | SH |  | SOLE |  | 0 | 0 | 12003 |
| MARINEMAX INC | COM | 567908108 |  | 656732 | 26123 | SH |  | SOLE |  | 0 | 0 | 26123 |
| MASTERBRAND INC | COMMON STOCK | 57638P104 |  | 610889 | 55891 | SH |  | SOLE |  | 0 | 0 | 55891 |
| MASTERCRAFT BOAT HLDGS INC | COM | 57637H103 |  | 820809 | 44177 | SH |  | SOLE |  | 0 | 0 | 44177 |
| MATTHEWS INTL CORP | CL A | 577128101 |  | 798044 | 33377 | SH |  | SOLE |  | 0 | 0 | 33377 |
| MEDIFAST INC | COM | 58470H101 |  | 607325 | 43226 | SH |  | SOLE |  | 0 | 0 | 43226 |
| METHODE ELECTRS INC | COM | 591520200 |  | 817831 | 85997 | SH |  | SOLE |  | 0 | 0 | 85997 |
| METROPOLITAN BK HLDG CORP | COM | 591774104 |  | 1277290 | 18247 | SH |  | SOLE |  | 0 | 0 | 18247 |
| MILLER INDS INC TENN | COM NEW | 600551204 |  | 646404 | 14539 | SH |  | SOLE |  | 0 | 0 | 14539 |
| MODIVCARE INC | COM | 60783X104 |  | 155133 | 49722 | SH |  | SOLE |  | 0 | 0 | 49722 |
| MONRO INC | COM | 610236101 |  | 558111 | 37432 | SH |  | SOLE |  | 0 | 0 | 37432 |
| NB BANCORP INC | COM | 63945M107 |  | 907752 | 50826 | SH |  | SOLE |  | 0 | 0 | 50826 |
| NU SKIN ENTERPRISES INC | CL A | 67018T105 |  | 657929 | 82344 | SH |  | SOLE |  | 0 | 0 | 82344 |
| O-I GLASS INC | COM | 67098H104 |  | 1127757 | 76510 | SH |  | SOLE |  | 0 | 0 | 76510 |
| OFG BANCORP | COM | 67103X102 |  | 894434 | 20898 | SH |  | SOLE |  | 0 | 0 | 20898 |
| OLYMPIC STEEL INC | COM | 68162K106 |  | 636255 | 19523 | SH |  | SOLE |  | 0 | 0 | 19523 |
| OWENS  MINOR INC NEW | COM | 690732102 |  | 560151 | 61555 | SH |  | SOLE |  | 0 | 0 | 61555 |
| PAR PAC HOLDINGS INC | COM NEW | 69888T207 |  | 903453 | 34054 | SH |  | SOLE |  | 0 | 0 | 34054 |
| PATHWARD FINANCIAL INC | COM | 59100U108 |  | 1065588 | 13468 | SH |  | SOLE |  | 0 | 0 | 13468 |
| PEABODY ENERGY CORP | COM | 704551100 |  | 467580 | 34842 | SH |  | SOLE |  | 0 | 0 | 34842 |
| PEAPACK-GLADSTONE FINL CORP | COM | 704699107 |  | 1023639 | 36235 | SH |  | SOLE |  | 0 | 0 | 36235 |
| PEDIATRIX MEDICAL GROUP INC | COM | 58502B106 |  | 1628438 | 113480 | SH |  | SOLE |  | 0 | 0 | 113480 |
| PERDOCEO ED CORP | COM | 71363P106 |  | 1215872 | 37194 | SH |  | SOLE |  | 0 | 0 | 37194 |
| PHINIA INC | COMMON STOCK | 71880K101 |  | 857545 | 19275 | SH |  | SOLE |  | 0 | 0 | 19275 |
| PHOTRONICS INC | COM | 719405102 |  | 589793 | 31322 | SH |  | SOLE |  | 0 | 0 | 31322 |
| PLAYTIKA HLDG CORP | COM | 72815L107 |  | 502094 | 106151 | SH |  | SOLE |  | 0 | 0 | 106151 |
| PREFERRED BK LOS ANGELES CA | COM NEW | 740367404 |  | 915819 | 10582 | SH |  | SOLE |  | 0 | 0 | 10582 |
| PREFORMED LINE PRODS CO | COM | 740444104 |  | 1067051 | 6677 | SH |  | SOLE |  | 0 | 0 | 6677 |
| PROPETRO HLDG CORP | COM | 74347M108 |  | 593185 | 99361 | SH |  | SOLE |  | 0 | 0 | 99361 |
| QUANEX BLDG PRODS CORP | COM | 747619104 |  | 573124 | 30324 | SH |  | SOLE |  | 0 | 0 | 30324 |
| RAYONIER ADVANCED MATLS INC | COM | 75508B104 |  | 555035 | 144165 | SH |  | SOLE |  | 0 | 0 | 144165 |
| RESIDEO TECHNOLOGIES INC | COM | 76118Y104 |  | 919748 | 41693 | SH |  | SOLE |  | 0 | 0 | 41693 |
| RESOURCES CONNECTION INC | COM | 76122Q105 |  | 438670 | 81689 | SH |  | SOLE |  | 0 | 0 | 81689 |
| REV GROUP INC | COM | 749527107 |  | 1512315 | 31778 | SH |  | SOLE |  | 0 | 0 | 31778 |
| REX AMERICAN RES CORP | COM | 761624105 |  | 883356 | 18135 | SH |  | SOLE |  | 0 | 0 | 18135 |
| RILEY EXPLORATION PERMIAN IN | COM | 76665T102 |  | 750676 | 28619 | SH |  | SOLE |  | 0 | 0 | 28619 |
| RPC INC | COM | 749660106 |  | 650101 | 137442 | SH |  | SOLE |  | 0 | 0 | 137442 |
| RYDER SYS INC | COM | 783549108 |  | 1055283 | 6637 | SH |  | SOLE |  | 0 | 0 | 6637 |
| RYERSON HLDG CORP | COM | 783754104 |  | 921449 | 42719 | SH |  | SOLE |  | 0 | 0 | 42719 |
| SALLY BEAUTY HLDGS INC | COM | 79546E104 |  | 689231 | 74431 | SH |  | SOLE |  | 0 | 0 | 74431 |
| SANMINA CORPORATION | COM | 801056102 |  | 1163981 | 11898 | SH |  | SOLE |  | 0 | 0 | 11898 |
| SCANSOURCE INC | COM | 806037107 |  | 788202 | 18852 | SH |  | SOLE |  | 0 | 0 | 18852 |
| SEMLER SCIENTIFIC INC | COM | 81684M104 |  | 913102 | 23570 | SH |  | SOLE |  | 0 | 0 | 23570 |
| SHUTTERSTOCK INC | COM | 825690100 |  | 421727 | 22243 | SH |  | SOLE |  | 0 | 0 | 22243 |
| SIGA TECHNOLOGIES INC | COM | 826917106 |  | 642383 | 98525 | SH |  | SOLE |  | 0 | 0 | 98525 |
| SIGNET JEWELERS LIMITED | SHS | G81276100 |  | 753975 | 9478 | SH |  | SOLE |  | 0 | 0 | 9478 |
| SLEEP NUMBER CORP | COM | 83125X103 |  | 600391 | 88881 | SH |  | SOLE |  | 0 | 0 | 88881 |
| SPARTANNASH CO | COM | 847215100 |  | 1152183 | 43495 | SH |  | SOLE |  | 0 | 0 | 43495 |
| STANDARD MTR PRODS INC | COM | 853666105 |  | 915917 | 29815 | SH |  | SOLE |  | 0 | 0 | 29815 |
| STONEX GROUP INC | COM | 861896108 |  | 1423971 | 15624 | SH |  | SOLE |  | 0 | 0 | 15624 |
| SUN CTRY AIRLS HLDGS INC | COM | 866683105 |  | 734234 | 62488 | SH |  | SOLE |  | 0 | 0 | 62488 |
| TACTILE SYS TECHNOLOGY INC | COM | 87357P100 |  | 681905 | 67249 | SH |  | SOLE |  | 0 | 0 | 67249 |
| TARGET HOSPITALITY CORP | COM | 87615L107 |  | 651587 | 91515 | SH |  | SOLE |  | 0 | 0 | 91515 |
| TAYLOR MORRISON HOME CORP | COM | 87724P106 |  | 888563 | 14467 | SH |  | SOLE |  | 0 | 0 | 14467 |
| TEEKAY CORPORATION LTD | SHS | G8726T105 |  | 805324 | 97615 | SH |  | SOLE |  | 0 | 0 | 97615 |
| THE ODP CORP | COM | 88337F105 |  | 406710 | 22433 | SH |  | SOLE |  | 0 | 0 | 22433 |
| THRYV HLDGS INC | COM NEW | 886029206 |  | 581163 | 47793 | SH |  | SOLE |  | 0 | 0 | 47793 |
| TITAN INTL INC ILL | COM | 88830M102 |  | 1138542 | 110861 | SH |  | SOLE |  | 0 | 0 | 110861 |
| TITAN MACHY INC | COM | 88830R101 |  | 1032636 | 52127 | SH |  | SOLE |  | 0 | 0 | 52127 |
| TOWNEBANK PORTSMOUTH VA | COM | 89214P109 |  | 979018 | 28643 | SH |  | SOLE |  | 0 | 0 | 28643 |
| TRUSTCO BK CORP N Y | COM NEW | 898349204 |  | 914538 | 27365 | SH |  | SOLE |  | 0 | 0 | 27365 |
| TTEC HLDGS INC | COM | 89854H102 |  | 650629 | 135266 | SH |  | SOLE |  | 0 | 0 | 135266 |
| UMB FINL CORP | COM | 902788108 |  | 977778 | 9298 | SH |  | SOLE |  | 0 | 0 | 9298 |
| UNIVERSAL CORP VA | COM | 913456109 |  | 977617 | 16786 | SH |  | SOLE |  | 0 | 0 | 16786 |
| VAALCO ENERGY INC | COM NEW | 91851C201 |  | 466748 | 129293 | SH |  | SOLE |  | 0 | 0 | 129293 |
| VERA BRADLEY INC | COM | 92335C106 |  | 305163 | 138083 | SH |  | SOLE |  | 0 | 0 | 138083 |
| VERITEX HLDGS INC | COM | 923451108 |  | 983944 | 37699 | SH |  | SOLE |  | 0 | 0 | 37699 |
| VIASAT INC | COM | 92552V100 |  | 794225 | 54399 | SH |  | SOLE |  | 0 | 0 | 54399 |
| VICTORIAS SECRET AND CO | COMMON STOCK | 926400102 |  | 797156 | 43043 | SH |  | SOLE |  | 0 | 0 | 43043 |
| VIRCO MFG CO | COM | 927651109 |  | 479606 | 60101 | SH |  | SOLE |  | 0 | 0 | 60101 |
| WABASH NATL CORP | COM | 929566107 |  | 414166 | 38962 | SH |  | SOLE |  | 0 | 0 | 38962 |
| WARRIOR MET COAL INC | COM | 93627C101 |  | 533415 | 11639 | SH |  | SOLE |  | 0 | 0 | 11639 |
| WEIS MKTS INC | COM | 948849104 |  | 910474 | 12560 | SH |  | SOLE |  | 0 | 0 | 12560 |
| WERNER ENTERPRISES INC | COM | 950755108 |  | 629499 | 23008 | SH |  | SOLE |  | 0 | 0 | 23008 |
| WESBANCO INC | COM | 950810101 |  | 976987 | 30888 | SH |  | SOLE |  | 0 | 0 | 30888 |
| WESTERN UN CO | COM | 959802109 |  | 540968 | 64248 | SH |  | SOLE |  | 0 | 0 | 64248 |
| WIDEOPENWEST INC | COM | 96758W101 |  | 633352 | 155998 | SH |  | SOLE |  | 0 | 0 | 155998 |
| WORLD KINECT CORPORATION | COM | 981475106 |  | 897164 | 31646 | SH |  | SOLE |  | 0 | 0 | 31646 |
| XEROX HOLDINGS CORP | COM NEW | 98421M106 |  | 398033 | 75528 | SH |  | SOLE |  | 0 | 0 | 75528 |

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