# EDGAR Filing Document

**Accession Number:** 0001846436
**File Stem:** 0001420506-26-000134
**Filing Date:** 2026-2
**Character Count:** 22360
**Document Hash:** d3cb582dc97ec6e19cc1dff32d360990
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-26-000134.hdr.sgml**: 20260203

**ACCESSION NUMBER**: 0001420506-26-000134

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260203

**DATE AS OF CHANGE**: 20260203

**EFFECTIVENESS DATE**: 20260203

**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:** 26590815

**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:** 12-31-2025

**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  02-03-2026<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:** 194

**Form 13F Information Table Value Total:** $176198488

      (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 |
| ABERCROMBIE  FITCH CO | CL A | 002896207 |  | 1209737 | 9611 | SH |  | SOLE |  | 0 | 0 | 9611 |
| ACADEMY SPORTS  OUTDOORS IN | COM | 00402L107 |  | 817096 | 16355 | SH |  | SOLE |  | 0 | 0 | 16355 |
| ADAPTHEALTH CORP | COMMON STOCK | 00653Q102 |  | 896151 | 89975 | SH |  | SOLE |  | 0 | 0 | 89975 |
| ADIENT PLC | ORD SHS | G0084W101 |  | 711705 | 37126 | SH |  | SOLE |  | 0 | 0 | 37126 |
| ADVANSIX INC | COM | 00773T101 |  | 627073 | 36247 | SH |  | SOLE |  | 0 | 0 | 36247 |
| ALPHA METALLURGICAL RESOUR I | COM | 020764106 |  | 1435738 | 7183 | SH |  | SOLE |  | 0 | 0 | 7183 |
| AMALGAMATED FINANCIAL CORP | COM | 022671101 |  | 818078 | 25541 | SH |  | SOLE |  | 0 | 0 | 25541 |
| AMERICAN EAGLE OUTFITTERS IN | COM | 02553E106 |  | 2198361 | 83366 | SH |  | SOLE |  | 0 | 0 | 83366 |
| AMERICAN WOODMARK CORPORATIO | COM | 030506109 |  | 793731 | 14726 | SH |  | SOLE |  | 0 | 0 | 14726 |
| AMKOR TECHNOLOGY INC | COM | 031652100 |  | 1526060 | 38654 | SH |  | SOLE |  | 0 | 0 | 38654 |
| AMPHASTAR PHARMACEUTICALS IN | COM | 03209R103 |  | 1022996 | 38200 | SH |  | SOLE |  | 0 | 0 | 38200 |
| ANDERSONS INC | COM | 034164103 |  | 1175004 | 22099 | SH |  | SOLE |  | 0 | 0 | 22099 |
| APA CORPORATION | COM | 03743Q108 |  | 1017389 | 41594 | SH |  | SOLE |  | 0 | 0 | 41594 |
| APOGEE ENTERPRISES INC | COM | 037598109 |  | 703623 | 19325 | SH |  | SOLE |  | 0 | 0 | 19325 |
| ARCBEST CORP | COM | 03937C105 |  | 750061 | 10110 | SH |  | SOLE |  | 0 | 0 | 10110 |
| ARROW FINL CORP | COM | 042744102 |  | 966084 | 30767 | SH |  | SOLE |  | 0 | 0 | 30767 |
| ASGN INC | COM | 00191U102 |  | 811086 | 16838 | SH |  | SOLE |  | 0 | 0 | 16838 |
| ATKORE INC | COM | 047649108 |  | 708147 | 11196 | SH |  | SOLE |  | 0 | 0 | 11196 |
| AVANOS MED INC | COM | 05350V106 |  | 779946 | 69452 | SH |  | SOLE |  | 0 | 0 | 69452 |
| BANCFIRST CORP | COM | 05945F103 |  | 686692 | 6477 | SH |  | SOLE |  | 0 | 0 | 6477 |
| BANK MARIN BANCORP | COM | 063425102 |  | 856223 | 32919 | SH |  | SOLE |  | 0 | 0 | 32919 |
| BANK7 CORP | COM | 06652N107 |  | 769359 | 18774 | SH |  | SOLE |  | 0 | 0 | 18774 |
| BENCHMARK ELECTRS INC | COM | 08160H101 |  | 900568 | 21061 | SH |  | SOLE |  | 0 | 0 | 21061 |
| BLUE BIRD CORP | COM | 095306106 |  | 875751 | 18633 | SH |  | SOLE |  | 0 | 0 | 18633 |
| BOISE CASCADE CO DEL | COM | 09739D100 |  | 674176 | 9160 | SH |  | SOLE |  | 0 | 0 | 9160 |
| C  F FINL CORP | COM | 12466Q104 |  | 922982 | 12715 | SH |  | SOLE |  | 0 | 0 | 12715 |
| CABLE ONE INC | COM | 12685J105 |  | 719983 | 6380 | SH |  | SOLE |  | 0 | 0 | 6380 |
| CABOT CORP | COM | 127055101 |  | 713107 | 10759 | SH |  | SOLE |  | 0 | 0 | 10759 |
| CALERES INC | COM | 129500104 |  | 715182 | 58766 | SH |  | SOLE |  | 0 | 0 | 58766 |
| CAPITAL BANCORP INC MD | COM | 139737100 |  | 677517 | 24051 | SH |  | SOLE |  | 0 | 0 | 24051 |
| CAPITAL CITY BK GROUP INC | COM | 139674105 |  | 867406 | 20376 | SH |  | SOLE |  | 0 | 0 | 20376 |
| CATHAY GEN BANCORP | COM | 149150104 |  | 847599 | 17516 | SH |  | SOLE |  | 0 | 0 | 17516 |
| CENTRAL PAC FINL CORP | COM NEW | 154760409 |  | 903858 | 29007 | SH |  | SOLE |  | 0 | 0 | 29007 |
| CENTURY ALUM CO | COM | 156431108 |  | 1703507 | 43479 | SH |  | SOLE |  | 0 | 0 | 43479 |
| CENTURY CMNTYS INC | COM | 156504300 |  | 808406 | 13621 | SH |  | SOLE |  | 0 | 0 | 13621 |
| CHEMOURS CO | COM | 163851108 |  | 711904 | 60382 | SH |  | SOLE |  | 0 | 0 | 60382 |
| COASTAL FINL CORP WA | COM NEW | 19046P209 |  | 952128 | 8309 | SH |  | SOLE |  | 0 | 0 | 8309 |
| COLLEGIUM PHARMACEUTICAL INC | COM | 19459J104 |  | 1192132 | 25748 | SH |  | SOLE |  | 0 | 0 | 25748 |
| COLONY BANKCORP INC | COM | 19623P101 |  | 853061 | 47871 | SH |  | SOLE |  | 0 | 0 | 47871 |
| COLUMBIA BKG SYS INC | COM | 197236102 |  | 951111 | 34029 | SH |  | SOLE |  | 0 | 0 | 34029 |
| COLUMBUS MCKINNON CORP N Y | COM | 199333105 |  | 884063 | 51250 | SH |  | SOLE |  | 0 | 0 | 51250 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 1111812 | 16062 | SH |  | SOLE |  | 0 | 0 | 16062 |
| COMMUNITY TR BANCORP INC | COM | 204149108 |  | 862755 | 15270 | SH |  | SOLE |  | 0 | 0 | 15270 |
| CONCENTRIX CORP | COM | 20602D101 |  | 595093 | 14312 | SH |  | SOLE |  | 0 | 0 | 14312 |
| CONSENSUS CLOUD SOLUTIONS IN | COM | 20848V105 |  | 812097 | 37218 | SH |  | SOLE |  | 0 | 0 | 37218 |
| CPI CARD GROUP INC | COM NEW | 12634H200 |  | 546859 | 37252 | SH |  | SOLE |  | 0 | 0 | 37252 |
| DAKTRONICS INC | COM | 234264109 |  | 1018372 | 51511 | SH |  | SOLE |  | 0 | 0 | 51511 |
| DANA INC | COM | 235825205 |  | 1168588 | 49183 | SH |  | SOLE |  | 0 | 0 | 49183 |
| DELUXE CORP | COM | 248019101 |  | 1121145 | 50208 | SH |  | SOLE |  | 0 | 0 | 50208 |
| DINE BRANDS GLOBAL INC | COM | 254423106 |  | 1088614 | 33871 | SH |  | SOLE |  | 0 | 0 | 33871 |
| DMC GLOBAL INC | COM | 23291C103 |  | 676292 | 101090 | SH |  | SOLE |  | 0 | 0 | 101090 |
| DNOW INC | COM | 67011P100 |  | 809840 | 61120 | SH |  | SOLE |  | 0 | 0 | 61120 |
| DXC TECHNOLOGY CO | COM | 23355L106 |  | 825132 | 56323 | SH |  | SOLE |  | 0 | 0 | 56323 |
| DXP ENTERPRISES INC | COM NEW | 233377407 |  | 989318 | 9011 | SH |  | SOLE |  | 0 | 0 | 9011 |
| EAGLE BANCORP INC MD | COM | 268948106 |  | 853351 | 39839 | SH |  | SOLE |  | 0 | 0 | 39839 |
| EDGEWELL PERS CARE CO | COM | 28035Q102 |  | 544475 | 31934 | SH |  | SOLE |  | 0 | 0 | 31934 |
| EL POLLO LOCO HLDGS INC | COM | 268603107 |  | 798778 | 76365 | SH |  | SOLE |  | 0 | 0 | 76365 |
| EMBECTA CORP | COMMON STOCK | 29082K105 |  | 939031 | 79043 | SH |  | SOLE |  | 0 | 0 | 79043 |
| ENNIS INC | COM | 293389102 |  | 816033 | 45310 | SH |  | SOLE |  | 0 | 0 | 45310 |
| ESPEY MFG  ELECTRS CORP | COM | 296650104 |  | 845936 | 17949 | SH |  | SOLE |  | 0 | 0 | 17949 |
| ETHAN ALLEN INTERIORS INC | COM | 297602104 |  | 640639 | 28049 | SH |  | SOLE |  | 0 | 0 | 28049 |
| FIRST CMNTY BANKSHARES INC V | COM | 31983A103 |  | 699021 | 20724 | SH |  | SOLE |  | 0 | 0 | 20724 |
| FIRST CMNTY CORP S C | COM | 319835104 |  | 991704 | 33447 | SH |  | SOLE |  | 0 | 0 | 33447 |
| FIRST HAWAIIAN INC | COM | 32051X108 |  | 820555 | 32433 | SH |  | SOLE |  | 0 | 0 | 32433 |
| FIRST UTD CORP | COM | 33741H107 |  | 942739 | 25180 | SH |  | SOLE |  | 0 | 0 | 25180 |
| FIRST WESTN FINL INC | COM | 33751L105 |  | 953149 | 35552 | SH |  | SOLE |  | 0 | 0 | 35552 |
| FIVE STAR BANCORP | COM | 33830T103 |  | 1001089 | 27979 | SH |  | SOLE |  | 0 | 0 | 27979 |
| FLEXSTEEL INDS INC | COM | 339382103 |  | 844691 | 21390 | SH |  | SOLE |  | 0 | 0 | 21390 |
| FRANKLIN COVEY CO | COM | 353469109 |  | 684943 | 40819 | SH |  | SOLE |  | 0 | 0 | 40819 |
| FRANKLIN FINL SVCS CORP | COM | 353525108 |  | 1091147 | 21736 | SH |  | SOLE |  | 0 | 0 | 21736 |
| FRESH DEL MONTE PRODUCE INC | ORD | G36738105 |  | 901332 | 25297 | SH |  | SOLE |  | 0 | 0 | 25297 |
| G III APPAREL GROUP LTD | COM | 36237H101 |  | 1033814 | 35698 | SH |  | SOLE |  | 0 | 0 | 35698 |
| GENESCO INC | COM | 371532102 |  | 870913 | 35160 | SH |  | SOLE |  | 0 | 0 | 35160 |
| GENTHERM INC | COM | 37253A103 |  | 991701 | 27267 | SH |  | SOLE |  | 0 | 0 | 27267 |
| GLACIER BANCORP INC NEW | COM | 37637Q105 |  | 805895 | 18295 | SH |  | SOLE |  | 0 | 0 | 18295 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 |  | 655239 | 74799 | SH |  | SOLE |  | 0 | 0 | 74799 |
| GREENBRIER COS INC | COM | 393657101 |  | 720217 | 15409 | SH |  | SOLE |  | 0 | 0 | 15409 |
| HANMI FINL CORP | COM NEW | 410495204 |  | 881556 | 32614 | SH |  | SOLE |  | 0 | 0 | 32614 |
| HEARTLAND EXPRESS INC | COM | 422347104 |  | 813702 | 90111 | SH |  | SOLE |  | 0 | 0 | 90111 |
| HELEN OF TROY LTD | COM | G4388N106 |  | 754099 | 35487 | SH |  | SOLE |  | 0 | 0 | 35487 |
| HELIX ENERGY SOLUTIONS GRP I | COM | 42330P107 |  | 796265 | 126996 | SH |  | SOLE |  | 0 | 0 | 126996 |
| HERBALIFE LTD | COM SHS | G4412G101 |  | 1061234 | 82330 | SH |  | SOLE |  | 0 | 0 | 82330 |
| HOPE BANCORP INC | COM | 43940T109 |  | 801308 | 73112 | SH |  | SOLE |  | 0 | 0 | 73112 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 1015999 | 58559 | SH |  | SOLE |  | 0 | 0 | 58559 |
| INDEPENDENT BK CORP MICH | COM NEW | 453838609 |  | 804922 | 24744 | SH |  | SOLE |  | 0 | 0 | 24744 |
| INSPIRED ENTMT INC | COM | 45782N108 |  | 886233 | 94683 | SH |  | SOLE |  | 0 | 0 | 94683 |
| INTEGRA LIFESCIENCES HLDGS C | COM NEW | 457985208 |  | 804406 | 64767 | SH |  | SOLE |  | 0 | 0 | 64767 |
| INTERFACE INC | COM | 458665304 |  | 1063082 | 38076 | SH |  | SOLE |  | 0 | 0 | 38076 |
| INTERNATIONAL SEAWAYS INC | COM | Y41053102 |  | 1033484 | 21287 | SH |  | SOLE |  | 0 | 0 | 21287 |
| INVESTORS TITLE CO NC | COM | 461804106 |  | 1048488 | 4200 | SH |  | SOLE |  | 0 | 0 | 4200 |
| J JILL INC | COM | 46620W201 |  | 739398 | 53892 | SH |  | SOLE |  | 0 | 0 | 53892 |
| JAKKS PAC INC | COM NEW | 47012E403 |  | 700267 | 41485 | SH |  | SOLE |  | 0 | 0 | 41485 |
| KENNAMETAL INC | COM | 489170100 |  | 977276 | 34399 | SH |  | SOLE |  | 0 | 0 | 34399 |
| KIMBALL ELECTRONICS INC | COM | 49428J109 |  | 1174171 | 42206 | SH |  | SOLE |  | 0 | 0 | 42206 |
| KOHLS CORP | COM | 500255104 |  | 1784671 | 87441 | SH |  | SOLE |  | 0 | 0 | 87441 |
| LA Z BOY INC | COM | 505336107 |  | 793292 | 21285 | SH |  | SOLE |  | 0 | 0 | 21285 |
| LANDS END INC NEW | COM | 51509F105 |  | 1084223 | 74671 | SH |  | SOLE |  | 0 | 0 | 74671 |
| LEAR CORP | COM NEW | 521865204 |  | 905340 | 7900 | SH |  | SOLE |  | 0 | 0 | 7900 |
| LEGGETT  PLATT INC | COM | 524660107 |  | 907500 | 82500 | SH |  | SOLE |  | 0 | 0 | 82500 |
| LIBERTY ENERGY INC | COM CL A | 53115L104 |  | 1253766 | 67918 | SH |  | SOLE |  | 0 | 0 | 67918 |
| LIFEVANTAGE CORP | COM NEW | 53222K205 |  | 423599 | 68766 | SH |  | SOLE |  | 0 | 0 | 68766 |
| M/I HOMES INC | COM | 55305B101 |  | 896930 | 7010 | SH |  | SOLE |  | 0 | 0 | 7010 |
| MACYS INC | COM | 55616P104 |  | 1466347 | 66501 | SH |  | SOLE |  | 0 | 0 | 66501 |
| MADDEN STEVEN LTD | COM | 556269108 |  | 1353591 | 32507 | SH |  | SOLE |  | 0 | 0 | 32507 |
| MANITOWOC CO INC | COM NEW | 563571405 |  | 765885 | 63877 | SH |  | SOLE |  | 0 | 0 | 63877 |
| MANPOWERGROUP INC WIS | COM | 56418H100 |  | 563740 | 18962 | SH |  | SOLE |  | 0 | 0 | 18962 |
| MARINEMAX INC | COM | 567908108 |  | 741898 | 30619 | SH |  | SOLE |  | 0 | 0 | 30619 |
| MATIV HOLDINGS INC | COM | 808541106 |  | 1348529 | 110990 | SH |  | SOLE |  | 0 | 0 | 110990 |
| MATSON INC | COM | 57686G105 |  | 927613 | 7508 | SH |  | SOLE |  | 0 | 0 | 7508 |
| MAYVILLE ENGR CO INC | COM | 578605107 |  | 968292 | 51725 | SH |  | SOLE |  | 0 | 0 | 51725 |
| MEDIFAST INC | COM | 58470H101 |  | 620038 | 58056 | SH |  | SOLE |  | 0 | 0 | 58056 |
| MERIDIAN CORPORATION | COM | 58958P104 |  | 1053165 | 59907 | SH |  | SOLE |  | 0 | 0 | 59907 |
| METHODE ELECTRS INC | COM | 591520200 |  | 735347 | 110745 | SH |  | SOLE |  | 0 | 0 | 110745 |
| MGP INGREDIENTS INC NEW | COM | 55303J106 |  | 658238 | 27088 | SH |  | SOLE |  | 0 | 0 | 27088 |
| MILLER INDS INC TENN | COM NEW | 600551204 |  | 699342 | 18714 | SH |  | SOLE |  | 0 | 0 | 18714 |
| MILLERKNOLL INC | COM | 600544100 |  | 735112 | 40214 | SH |  | SOLE |  | 0 | 0 | 40214 |
| MINERALS TECHNOLOGIES INC | COM | 603158106 |  | 867745 | 14237 | SH |  | SOLE |  | 0 | 0 | 14237 |
| MONRO INC | COM | 610236101 |  | 1053823 | 52586 | SH |  | SOLE |  | 0 | 0 | 52586 |
| MOTORCAR PTS AMER INC | COM | 620071100 |  | 876152 | 71001 | SH |  | SOLE |  | 0 | 0 | 71001 |
| MURPHY OIL CORP | COM | 626717102 |  | 1011750 | 32376 | SH |  | SOLE |  | 0 | 0 | 32376 |
| MYERS INDS INC | COM | 628464109 |  | 1028964 | 54966 | SH |  | SOLE |  | 0 | 0 | 54966 |
| NATURES SUNSHINE PRODS INC | COM | 639027101 |  | 1171902 | 54305 | SH |  | SOLE |  | 0 | 0 | 54305 |
| NEWELL BRANDS INC | COM | 651229106 |  | 536283 | 144162 | SH |  | SOLE |  | 0 | 0 | 144162 |
| NORTHEAST BK PORTLAND ME | COM | 66405S100 |  | 911050 | 8766 | SH |  | SOLE |  | 0 | 0 | 8766 |
| NORTHRIM BANCORP INC | COM | 666762109 |  | 936326 | 35187 | SH |  | SOLE |  | 0 | 0 | 35187 |
| NOV INC | COM | 62955J103 |  | 966215 | 61818 | SH |  | SOLE |  | 0 | 0 | 61818 |
| NU SKIN ENTERPRISES INC | CL A | 67018T105 |  | 874862 | 90942 | SH |  | SOLE |  | 0 | 0 | 90942 |
| NUTEX HEALTH INC | COM | 67079U306 |  | 1191849 | 7240 | SH |  | SOLE |  | 0 | 0 | 7240 |
| NWPX INFRASTRUCTURE INC | COM | 667746101 |  | 1243176 | 19894 | SH |  | SOLE |  | 0 | 0 | 19894 |
| OCEANEERING INTL INC | COM | 675232102 |  | 938131 | 39040 | SH |  | SOLE |  | 0 | 0 | 39040 |
| OLIN CORP | COM PAR $1 | 680665205 |  | 782666 | 37574 | SH |  | SOLE |  | 0 | 0 | 37574 |
| OLYMPIC STEEL INC | COM | 68162K106 |  | 1043056 | 24379 | SH |  | SOLE |  | 0 | 0 | 24379 |
| ORANGE CNTY BANCORP INC | COM | 68417L107 |  | 871974 | 30542 | SH |  | SOLE |  | 0 | 0 | 30542 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 608224 | 84829 | SH |  | SOLE |  | 0 | 0 | 84829 |
| ORION S.A. | COM | L72967109 |  | 399120 | 75591 | SH |  | SOLE |  | 0 | 0 | 75591 |
| OXFORD INDS INC | COM | 691497309 |  | 596448 | 17440 | SH |  | SOLE |  | 0 | 0 | 17440 |
| PATHWARD FINANCIAL INC | COM | 59100U108 |  | 720721 | 10151 | SH |  | SOLE |  | 0 | 0 | 10151 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 |  | 794960 | 130108 | SH |  | SOLE |  | 0 | 0 | 130108 |
| PEAPACK-GLADSTONE FINL CORP | COM | 704699107 |  | 778658 | 27959 | SH |  | SOLE |  | 0 | 0 | 27959 |
| PEDIATRIX MEDICAL GROUP INC | COM | 58502B106 |  | 1344148 | 62840 | SH |  | SOLE |  | 0 | 0 | 62840 |
| PERDOCEO ED CORP | COM | 71363P106 |  | 840422 | 28654 | SH |  | SOLE |  | 0 | 0 | 28654 |
| PHOTRONICS INC | COM | 719405102 |  | 1364768 | 42649 | SH |  | SOLE |  | 0 | 0 | 42649 |
| PITNEY BOWES INC | COM | 724479100 |  | 807907 | 76434 | SH |  | SOLE |  | 0 | 0 | 76434 |
| POLARIS INC | COM | 731068102 |  | 1071898 | 16947 | SH |  | SOLE |  | 0 | 0 | 16947 |
| PREFERRED BK LOS ANGELES CA | COM NEW | 740367404 |  | 866962 | 9181 | SH |  | SOLE |  | 0 | 0 | 9181 |
| PREFORMED LINE PRODS CO | COM | 740444104 |  | 1047606 | 5068 | SH |  | SOLE |  | 0 | 0 | 5068 |
| PRIMEENERGY RESOURCES CORP | COM | 74158E104 |  | 882531 | 5161 | SH |  | SOLE |  | 0 | 0 | 5161 |
| PROFRAC HLDG CORP | CLASS A COM | 74319N100 |  | 426480 | 109635 | SH |  | SOLE |  | 0 | 0 | 109635 |
| PROPETRO HLDG CORP | COM | 74347M108 |  | 1233913 | 129749 | SH |  | SOLE |  | 0 | 0 | 129749 |
| PVH CORPORATION | COM | 693656100 |  | 764832 | 11412 | SH |  | SOLE |  | 0 | 0 | 11412 |
| QUIDELORTHO CORP | COM | 219798105 |  | 774633 | 27123 | SH |  | SOLE |  | 0 | 0 | 27123 |
| RANGER ENERGY SVCS INC | COM CL A | 75282U104 |  | 963558 | 68924 | SH |  | SOLE |  | 0 | 0 | 68924 |
| RCI HOSPITALITY HLDGS INC | COM | 74934Q108 |  | 499233 | 20941 | SH |  | SOLE |  | 0 | 0 | 20941 |
| RCM TECHNOLOGIES INC | COM NEW | 749360400 |  | 692084 | 33851 | SH |  | SOLE |  | 0 | 0 | 33851 |
| RED RIVER BANCSHARES INC | COM | 75686R202 |  | 938376 | 13137 | SH |  | SOLE |  | 0 | 0 | 13137 |
| REX AMERICAN RES CORP | COM | 761624105 |  | 1008481 | 31203 | SH |  | SOLE |  | 0 | 0 | 31203 |
| RILEY EXPLORATION PERMIAN IN | COM | 76665T102 |  | 808447 | 30623 | SH |  | SOLE |  | 0 | 0 | 30623 |
| ROCKY BRANDS INC | COM | 774515100 |  | 1020919 | 34808 | SH |  | SOLE |  | 0 | 0 | 34808 |
| RYDER SYS INC | COM | 783549108 |  | 923457 | 4825 | SH |  | SOLE |  | 0 | 0 | 4825 |
| RYERSON HLDG CORP | COM | 783754104 |  | 893683 | 35520 | SH |  | SOLE |  | 0 | 0 | 35520 |
| SCANSOURCE INC | COM | 806037107 |  | 788895 | 20197 | SH |  | SOLE |  | 0 | 0 | 20197 |
| SEABOARD CORP DEL | COM | 811543107 |  | 1262329 | 284 | SH |  | SOLE |  | 0 | 0 | 284 |
| SHOE CARNIVAL INC | COM | 824889109 |  | 657122 | 38929 | SH |  | SOLE |  | 0 | 0 | 38929 |
| SHUTTERSTOCK INC | COM | 825690100 |  | 809897 | 42403 | SH |  | SOLE |  | 0 | 0 | 42403 |
| SIGA TECHNOLOGIES INC | COM | 826917106 |  | 749752 | 122709 | SH |  | SOLE |  | 0 | 0 | 122709 |
| SIGNET JEWELERS LIMITED | SHS | G81276100 |  | 869080 | 10486 | SH |  | SOLE |  | 0 | 0 | 10486 |
| SKYWEST INC | COM | 830879102 |  | 751770 | 7487 | SH |  | SOLE |  | 0 | 0 | 7487 |
| SLEEP NUMBER CORP | COM | 83125X103 |  | 942419 | 111397 | SH |  | SOLE |  | 0 | 0 | 111397 |
| SMITH  WESSON BRANDS INC | COM | 831754106 |  | 969027 | 98179 | SH |  | SOLE |  | 0 | 0 | 98179 |
| SOUTH PLAINS FINANCIAL INC | COM | 83946P107 |  | 878044 | 22630 | SH |  | SOLE |  | 0 | 0 | 22630 |
| SPECTRUM BRANDS HLDGS INC NE | COM | 84790A105 |  | 871725 | 14755 | SH |  | SOLE |  | 0 | 0 | 14755 |
| STEPAN CO | COM | 858586100 |  | 676585 | 14286 | SH |  | SOLE |  | 0 | 0 | 14286 |
| STONEX GROUP INC | COM | 861896108 |  | 838381 | 8813 | SH |  | SOLE |  | 0 | 0 | 8813 |
| STURM RUGER  CO INC | COM | 864159108 |  | 772956 | 23674 | SH |  | SOLE |  | 0 | 0 | 23674 |
| SUN CTRY AIRLS HLDGS INC | COM | 866683105 |  | 910801 | 63294 | SH |  | SOLE |  | 0 | 0 | 63294 |
| SYLVAMO CORP | COMMON STOCK | 871332102 |  | 775552 | 16107 | SH |  | SOLE |  | 0 | 0 | 16107 |
| TACTILE SYS TECHNOLOGY INC | COM | 87357P100 |  | 2394965 | 82585 | SH |  | SOLE |  | 0 | 0 | 82585 |
| TALOS ENERGY INC | COM | 87484T108 |  | 1035803 | 93993 | SH |  | SOLE |  | 0 | 0 | 93993 |
| TARGET HOSPITALITY CORP | COM | 87615L107 |  | 838847 | 104725 | SH |  | SOLE |  | 0 | 0 | 104725 |
| TAYLOR MORRISON HOME CORP | COM | 87724P106 |  | 761896 | 12942 | SH |  | SOLE |  | 0 | 0 | 12942 |
| TIDEWATER INC NEW | COM | 88642R109 |  | 809776 | 16032 | SH |  | SOLE |  | 0 | 0 | 16032 |
| TOWNEBANK PORTSMOUTH VA | COM | 89214P109 |  | 787265 | 23592 | SH |  | SOLE |  | 0 | 0 | 23592 |
| TRUSTCO BK CORP N Y | COM NEW | 898349204 |  | 991961 | 24001 | SH |  | SOLE |  | 0 | 0 | 24001 |
| VAREX IMAGING CORP | COM | 92214X106 |  | 1158371 | 99431 | SH |  | SOLE |  | 0 | 0 | 99431 |
| VICTORIAS SECRET AND CO | COMMON STOCK | 926400102 |  | 2278553 | 42063 | SH |  | SOLE |  | 0 | 0 | 42063 |
| VIEMED HEALTHCARE INC | COM | 92663R105 |  | 905984 | 121936 | SH |  | SOLE |  | 0 | 0 | 121936 |
| WABASH NATL CORP | COM | 929566107 |  | 660990 | 76415 | SH |  | SOLE |  | 0 | 0 | 76415 |
| WEATHERFORD INTL PLC | ORD SHS | G48833118 |  | 1159422 | 14815 | SH |  | SOLE |  | 0 | 0 | 14815 |
| WEIS MKTS INC | COM | 948849104 |  | 727037 | 11344 | SH |  | SOLE |  | 0 | 0 | 11344 |
| WERNER ENTERPRISES INC | COM | 950755108 |  | 853334 | 28435 | SH |  | SOLE |  | 0 | 0 | 28435 |
| WESTAMERICA BANCORPORATION | COM | 957090103 |  | 785990 | 16433 | SH |  | SOLE |  | 0 | 0 | 16433 |
| WORLD KINECT CORPORATION | COM | 981475106 |  | 677947 | 28935 | SH |  | SOLE |  | 0 | 0 | 28935 |
| WSFS FINL CORP | COM | 929328102 |  | 804405 | 14562 | SH |  | SOLE |  | 0 | 0 | 14562 |
| XEROX HOLDINGS CORP | COM NEW | 98421M106 |  | 393776 | 166150 | SH |  | SOLE |  | 0 | 0 | 166150 |

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