# EDGAR Filing Document

**Accession Number:** 0001166152
**File Stem:** 0001140361-25-040769
**Filing Date:** 2025-11
**Character Count:** 27178
**Document Hash:** fba30c13e5eaa0ccde929a674f001a48
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-040769.hdr.sgml**: 20251106

**ACCESSION NUMBER**: 0001140361-25-040769

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251106

**DATE AS OF CHANGE**: 20251106

**EFFECTIVENESS DATE**: 20251106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.
- **CENTRAL INDEX KEY:** 0001166152

**ORGANIZATION NAME:**
- **EIN:** 731554000
- **STATE OF INCORPORATION:** OK
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10017
- **FILM NUMBER:** 251457980

**BUSINESS ADDRESS:**
- **STREET 1:** 1924 S UTICA AVE
- **STREET 2:** SUITE 1120
- **CITY:** TULSA
- **STATE:** OK
- **ZIP:** 74104-6429
- **BUSINESS PHONE:** 918-747-3412

**MAIL ADDRESS:**
- **STREET 1:** 1924 S UTICA AVE
- **STREET 2:** SUITE 1120
- **CITY:** TULSA
- **STATE:** OK
- **ZIP:** 74104-6429

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRESCOTT GROUP CAPITAL MANAGEMENT LLC
- **DATE OF NAME CHANGE:** 20020128

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Prescott Group Capital Management L.L.C.<br>**Address:** 1924 S Utica Ave<br>Suite 1120<br>Tulsa, OK 74104-6429

**Form 13F File Number:** 028-10017

**CRD Number (if applicable):** 000115220

**SEC File Number (if applicable):** 801-60650

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:** Phil Frohlich<br>**Title:** Manager<br>**Phone:** (918) 747-3412

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

/s/ Phil Frohlich  Tulsa, OK  11-06-2025<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:** 238

**Form 13F Information Table Value Total:** $948593600

      (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 |
| 908 DEVICES INC | COM | 65443P102 |  | 1664444 | 190005 | SH |  | SOLE |  | 190005 | 0 | 0 |
| AAR CORP | COM | 000361105 |  | 1793400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ACI WORLDWIDE INC. | COM | 004498101 |  | 1055400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ADOBE INC. | COM | 00724F101 |  | 670225 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| AGCO CORP | COM | 001084102 |  | 535350 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| ALICO INC. | COM | 016230104 |  | 693200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ALLIANCE RESOURCE PARTNERS LP | UT LTD PART | 01877R108 |  | 5390762 | 213200 | SH |  | SOLE |  | 213200 | 0 | 0 |
| ALPHABET INC | CAP STX CL C | 02079K107 |  | 972400 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| AMAZON.COM INC. | COM | 023135106 |  | 912533 | 4156 | SH |  | SOLE |  | 2000 | 0 | 2156 |
| AMBAC FINANCIAL GROUP INC | COM NEW | 023139884 |  | 7472448 | 895977 | SH |  | SOLE |  | 895977 | 0 | 0 |
| AMERICAS CAR-MART INC | COM | 03062T105 |  | 9406642 | 322035 | SH |  | SOLE |  | 322035 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1216370 | 3662 | SH |  | SOLE |  | 3662 | 0 | 0 |
| AMERICAN PUBLIC EDUCATION INC | COM | 02913V103 |  | 33834711 | 857226 | SH |  | SOLE |  | 857226 | 0 | 0 |
| AMERIPRISE FINANCIAL INC. | COM | 03076C106 |  | 1965000 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| AMETEK INC. | COM | 031100100 |  | 1128000 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| APOLLO GLOBAL MANAGEMENT INC. | COM | 03769M106 |  | 1219820 | 9153 | SH |  | SOLE |  | 9153 | 0 | 0 |
| APPLIED INDUSTRIAL TECHNOLOGIES INC | COM | 03820C105 |  | 2610500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ATMUS FILTRATION TECHNOLOGIES INC. | COM | 04956D107 |  | 1352700 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| ATRENEW INC. | SPONSORED ADS | 00138L108 |  | 14515006 | 3155436 | SH |  | SOLE |  | 3155436 | 0 | 0 |
| AUTODESK INC. | COM | 052769106 |  | 5781594 | 18200 | SH |  | SOLE |  | 18200 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 5920532 | 1380 | SH |  | SOLE |  | 1261 | 0 | 119 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 963450 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| BARK INC. | COM | 68622E104 |  | 1640180 | 1974218 | SH |  | SOLE |  | 1974218 | 0 | 0 |
| BARNES  NOBLE ED INC | COM NEW | 06777U200 |  | 3062680 | 307807 | SH |  | SOLE |  | 307807 | 0 | 0 |
| BILIBILI INC. | SPONS ADS REP Z | 090040106 |  | 4213500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| BILL HOLDINGS INC. | COM | 090043100 |  | 1059400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| BLACKSKY TECHNOLOGY INC | CL A COM | 09263B207 |  | 1027287 | 50982 | SH |  | SOLE |  | 50982 | 0 | 0 |
| BOK FINANCIAL CORP | COM NEW | 05561Q201 |  | 5571220 | 49993 | SH |  | SOLE |  | 49993 | 0 | 0 |
| BOOT BARN HOLDINGS INC | COM | 099406100 |  | 1811485 | 10931 | SH |  | SOLE |  | 10931 | 0 | 0 |
| BOOZ ALLEN HAMILTON HOLDING CORP | CL A | 099502106 |  | 4026886 | 40289 | SH |  | SOLE |  | 40289 | 0 | 0 |
| BRIGHTSPRING HEALTH SERVICES INC | COM | 10950A106 |  | 886800 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| BRINKS CO | COM | 109696104 |  | 2337200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| BROADRIDGE FINANCIAL SOLUTIONS INC. | COM | 11133T103 |  | 1667190 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| BROOKDALE SENIOR LIVING INC. | COM | 112463104 |  | 6140005 | 724912 | SH |  | SOLE |  | 724912 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 4114800 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 2066221 | 17041 | SH |  | SOLE |  | 17041 | 0 | 0 |
| CACI INTERNATIONAL INC. | CL A | 127190304 |  | 5081571 | 10188 | SH |  | SOLE |  | 10188 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC. | COM | 127387108 |  | 3380175 | 9623 | SH |  | SOLE |  | 8000 | 0 | 1623 |
| CARMAX INC. | COM | 143130102 |  | 1839670 | 41000 | SH |  | SOLE |  | 41000 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 887560 | 14867 | SH |  | SOLE |  | 14867 | 0 | 0 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 2261280 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| CATO CORP | CL A | 149205106 |  | 285539 | 67824 | SH |  | SOLE |  | 67824 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 2836080 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| CENCORA INC. | COM | 03073E105 |  | 2288032 | 7321 | SH |  | SOLE |  | 7321 | 0 | 0 |
| CENTENE CORP | COM | 15135B101 |  | 1592862 | 44643 | SH |  | SOLE |  | 44643 | 0 | 0 |
| CHECK POINT SOFTWARE TECHNOLOGIES LTD | ORD | M22465104 |  | 4138200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| CHENIERE ENERGY INC. | COM NEW | 16411R208 |  | 2960983 | 12601 | SH |  | SOLE |  | 12601 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 4397080 | 21422 | SH |  | SOLE |  | 19400 | 0 | 2022 |
| CIVEO CORP | COM NEW | 17878Y207 |  | 7045682 | 306334 | SH |  | SOLE |  | 306334 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 10300320 | 48000 | SH |  | SOLE |  | 48000 | 0 | 0 |
| CODEXIS INC | COM | 192005106 |  | 1550730 | 635545 | SH |  | SOLE |  | 635545 | 0 | 0 |
| COMMUNITY HEALTH SYSTEMS INC. | COM | 203668108 |  | 742036 | 231164 | SH |  | SOLE |  | 231164 | 0 | 0 |
| COMMVAULT SYSTEMS INC | COM | 204166102 |  | 1887800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CORPAY INC. | COM SHS | 219948106 |  | 2218350 | 7701 | SH |  | SOLE |  | 7701 | 0 | 0 |
| COSTCO WHOLSALE CORP | COM | 22160K105 |  | 1969741 | 2128 | SH |  | SOLE |  | 1708 | 0 | 420 |
| CRA INTERNATIONAL INC | COM | 12618T105 |  | 834120 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDING LTD | ORDINARY SHARES | G25457105 |  | 291220 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 2894866 | 24144 | SH |  | SOLE |  | 24144 | 0 | 0 |
| D R HORTON INC. | COM | 23331A109 |  | 8874298 | 52365 | SH |  | SOLE |  | 49460 | 0 | 2905 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 1644221 | 16220 | SH |  | SOLE |  | 16220 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 4651322 | 32504 | SH |  | SOLE |  | 32504 | 0 | 0 |
| DIEBOLD NIXDORF INC. | COM SHS | 253651202 |  | 20996906 | 368173 | SH |  | SOLE |  | 368173 | 0 | 0 |
| DIVERSIFIED ENERGY COMPANY PLC | SHS NEW | G2891G204 |  | 3282361 | 234287 | SH |  | SOLE |  | 234287 | 0 | 0 |
| DOLLAR TREE INC. | COM | 256746108 |  | 2831100 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| EASTMAN KODAK CO | COM NEW | 277461406 |  | 2399551 | 374345 | SH |  | SOLE |  | 374345 | 0 | 0 |
| ELI LILLY  CO. | COM | 532457108 |  | 1591641 | 2086 | SH |  | SOLE |  | 1600 | 0 | 486 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 7144940 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| EMERGENT BIOSOLUTIONS INC | COM | 29089Q105 |  | 6815840 | 772771 | SH |  | SOLE |  | 772771 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 |  | 2509026 | 19753 | SH |  | SOLE |  | 19753 | 0 | 0 |
| ENDAVA PLC | ADS | 29260V105 |  | 11068822 | 1216354 | SH |  | SOLE |  | 1216354 | 0 | 0 |
| ENHABIT INC. | COM | 29332G102 |  | 1669380 | 208412 | SH |  | SOLE |  | 208412 | 0 | 0 |
| ENOVA INTERNATIONAL INC. | COM | 29357K103 |  | 12003312 | 104295 | SH |  | SOLE |  | 104295 | 0 | 0 |
| EPAM SYSTEMS INC | COM | 29414B104 |  | 1507900 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| EVERCORE INC. | CLASS A | 29977A105 |  | 5443333 | 16137 | SH |  | SOLE |  | 16137 | 0 | 0 |
| EZCORP INC. | CL A NON VTG | 302301106 |  | 5167323 | 271393 | SH |  | SOLE |  | 271393 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 2120583 | 1417 | SH |  | SOLE |  | 1200 | 0 | 217 |
| FINANCE OF AMERICA COMPANIES INC. | CL A NEW | 31738L206 |  | 493460 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 6704112 | 30400 | SH |  | SOLE |  | 30400 | 0 | 0 |
| FIRSTCASH HOLDINGS INC. | COM | 33768G107 |  | 11173363 | 70530 | SH |  | SOLE |  | 70530 | 0 | 0 |
| FISERV INC. | COM | 337738108 |  | 4069547 | 31564 | SH |  | SOLE |  | 31564 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 4927450 | 85000 | SH |  | SOLE |  | 85000 | 0 | 0 |
| FLUOR CORP | COM | 343412102 |  | 2103500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| FORTINET INC. | COM | 34959E109 |  | 1008960 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| FORTREA HOLDINGS INC. | COMMON STOCK | 34965K107 |  | 890567 | 105768 | SH |  | SOLE |  | 105768 | 0 | 0 |
| FORWARD AIR CORP | COM | 34986A104 |  | 1125519 | 43897 | SH |  | SOLE |  | 43897 | 0 | 0 |
| FOSSIL GROUP INC. | COM | 34988V106 |  | 170278 | 66256 | SH |  | SOLE |  | 66256 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 3449884 | 11138 | SH |  | SOLE |  | 9847 | 0 | 1291 |
| GARRETT MOTION INC | COM | 366505105 |  | 1303053 | 95672 | SH |  | SOLE |  | 95672 | 0 | 0 |
| GEO GROUP INC. | COM | 36162J106 |  | 5778180 | 282000 | SH |  | SOLE |  | 282000 | 0 | 0 |
| GLOBAL PAYMENTS INC. | COM | 37940X102 |  | 7460999 | 89805 | SH |  | SOLE |  | 89805 | 0 | 0 |
| GRAFTECH INTERNATIONAL LTD | COM NEW | 384313607 |  | 6130109 | 478168 | SH |  | SOLE |  | 478168 | 0 | 0 |
| GRAHAM CORP | COM | 384556106 |  | 4421426 | 80536 | SH |  | SOLE |  | 80536 | 0 | 0 |
| GREAT LAKES DREDGE  DOCK CORP | COM | 390607109 |  | 6916671 | 576870 | SH |  | SOLE |  | 576870 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC. | COM | 40171V100 |  | 1149300 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| HANESBRANDS INC | COM | 410345102 |  | 593100 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 11553430 | 27108 | SH |  | SOLE |  | 27108 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 935250 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| IAMGOLD CORP | COM | 450913108 |  | 775800 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 2144275 | 12253 | SH |  | SOLE |  | 12253 | 0 | 0 |
| ILLUMINA INC. | COM | 452327109 |  | 284910 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| INNOVATE CORP | COM NEW | 45784J303 |  | 548169 | 112100 | SH |  | SOLE |  | 112100 | 0 | 0 |
| INSPIRED ENTERTAINMENT INC. | COM | 45782N108 |  | 3359841 | 358192 | SH |  | SOLE |  | 358192 | 0 | 0 |
| INTERACTIVE BROKERS GROUP INC | COM CL A | 45841N107 |  | 7684426 | 111676 | SH |  | SOLE |  | 111676 | 0 | 0 |
| IQVIA HOLDINGS INC | COM | 46266C105 |  | 1120646 | 5900 | SH |  | SOLE |  | 5900 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 3257550 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| JEFFERIES FINANCIAL GROUP INC. | COM | 47233W109 |  | 1635500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| JFROG LTD | ORD SHS | M6191J100 |  | 6152900 | 130000 | SH |  | SOLE |  | 130000 | 0 | 0 |
| JOHNSON CONTROLS INTERNATIONAL PLC | SHS | G51502105 |  | 879600 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| KBR INC. | COM | 48242W106 |  | 3664975 | 77500 | SH |  | SOLE |  | 77500 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 3968160 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| LENNOX INTERNATIONAL INC. | COM | 526107107 |  | 3176160 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 1527000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| MARINEMAX INC. | COM | 567908108 |  | 2046487 | 80793 | SH |  | SOLE |  | 80793 | 0 | 0 |
| MARRIOTT VACATIONS WORLDWIDE CORP | COM | 57164Y107 |  | 1464320 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| MEDIFAST INC. | COM | 58470H101 |  | 1093176 | 79969 | SH |  | SOLE |  | 79969 | 0 | 0 |
| MEDPACE HOLDINGS INC | COM | 58506Q109 |  | 3084965 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 2868423 | 5538 | SH |  | SOLE |  | 4500 | 0 | 1038 |
| MONDAY.COM LTD | SHS | M7S64H106 |  | 1355830 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 367544 | 5480 | SH |  | SOLE |  | 5480 | 0 | 0 |
| MR COOPER GROUP INC. | COM | 62482R107 |  | 4215800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| MUELLER INDUSTRIES INC. | COM | 624756102 |  | 3033300 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| NACCO INDUSTRIES INC | CL A | 629579103 |  | 847627 | 20105 | SH |  | SOLE |  | 20105 | 0 | 0 |
| NATURES SUNSHINE PRODUCTS INC | COM | 639027101 |  | 27673666 | 1783097 | SH |  | SOLE |  | 1783097 | 0 | 0 |
| NCR ATLEOS CORPORATION | COM SHS | 63001N106 |  | 1179300 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| NELNET INC | CL A | 64031N108 |  | 2156912 | 17203 | SH |  | SOLE |  | 17203 | 0 | 0 |
| NEW ORIENTAL EDUCATION  TECHNOLOGY GROUP INC | SPON ADR | 647581206 |  | 530702 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| NEWMARK GROUP INC. | CL A | 65158N102 |  | 746000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 |  | 2521383 | 12751 | SH |  | SOLE |  | 12751 | 0 | 0 |
| NEXTRACKER INC. | CLASS A COM | 65290E101 |  | 773269 | 10451 | SH |  | SOLE |  | 10451 | 0 | 0 |
| NGL ENERGY PARTNERS LP | COM UNIT REPST | 62913M107 |  | 5943828 | 990638 | SH |  | SOLE |  | 990638 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 1003633 | 14393 | SH |  | SOLE |  | 14393 | 0 | 0 |
| NOAH HOLDINGS LTD. | SPON ADS | 65487X102 |  | 4801460 | 414276 | SH |  | SOLE |  | 414276 | 0 | 0 |
| NU SKIN ENTERPRISES INC. | CL A | 67018T105 |  | 21144872 | 1734608 | SH |  | SOLE |  | 1734608 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 5351084 | 666 | SH |  | SOLE |  | 666 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 7788194 | 72240 | SH |  | SOLE |  | 67500 | 0 | 4740 |
| ON HOLDING AG | NAMEN AKT A | H5919C104 |  | 1503425 | 35500 | SH |  | SOLE |  | 35500 | 0 | 0 |
| ONEMAIN HOLDINGS INC. | COM | 68268W103 |  | 4573260 | 81000 | SH |  | SOLE |  | 81000 | 0 | 0 |
| ONITY GROUP INC. | COM NEW | 675746606 |  | 6577136 | 164593 | SH |  | SOLE |  | 164593 | 0 | 0 |
| OR ROYALTIES INC. | COM SHS | 68390D106 |  | 11543040 | 288000 | SH |  | SOLE |  | 288000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1736944 | 6176 | SH |  | SOLE |  | 6176 | 0 | 0 |
| PATRICK INDUSTRIES INC | COM | 703343103 |  | 2642119 | 25545 | SH |  | SOLE |  | 25545 | 0 | 0 |
| PAYPAL HOLDINGS INC | COM | 70450Y103 |  | 3151820 | 47000 | SH |  | SOLE |  | 47000 | 0 | 0 |
| PDF SOLUTIONS INC | COM | 693282105 |  | 516400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| PEGASYSTEMS INC | COM | 705573103 |  | 2990000 | 52000 | SH |  | SOLE |  | 52000 | 0 | 0 |
| PENN ENTERTAINMENT INC | COM | 707569109 |  | 770400 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| PENNYMAC FINANCIAL SERVICES INC | COM | 70932M107 |  | 4461539 | 36015 | SH |  | SOLE |  | 36015 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 1300655 | 11743 | SH |  | SOLE |  | 11743 | 0 | 0 |
| PERFORMANT HEALTHCARE INC. | COM | 71377E105 |  | 122082141 | 15793291 | SH |  | SOLE |  | 15793291 | 0 | 0 |
| PERMA-FIX ENVIRONMENTAL SERVICES INC | COM NEW | 714157203 |  | 7849134 | 777142 | SH |  | SOLE |  | 777142 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 2585600 | 202000 | SH |  | SOLE |  | 202000 | 0 | 0 |
| PLAINS GP HOLDINGS LP | LTD PARTNR INT A | 72651A207 |  | 3455368 | 189439 | SH |  | SOLE |  | 189439 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 |  | 4925279 | 17743 | SH |  | SOLE |  | 17743 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 1827180 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| QUANTA SERVICES INC. | COM | 74762E102 |  | 4842498 | 11685 | SH |  | SOLE |  | 11685 | 0 | 0 |
| QUEST RESOURCE HOLDING CORP | COM NEW | 74836W203 |  | 54222 | 34758 | SH |  | SOLE |  | 34758 | 0 | 0 |
| RADNET INC | COM | 750491102 |  | 3171174 | 41611 | SH |  | SOLE |  | 41611 | 0 | 0 |
| SPDR SERIES TRUST | S REGL BKG | 78464A698 |  | 6551044 | 103492 | SH |  | SOLE |  | 103492 | 0 | 0 |
| RELIANCE INC | COM | 759509102 |  | 1123320 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| RENTOKIL INITIAL PLC | SPONSORED ADR | 760125104 |  | 757501 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| REPOSITRAK INC | COM NEW | 700215304 |  | 508089 | 34284 | SH |  | SOLE |  | 34284 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 5457695 | 35814 | SH |  | SOLE |  | 35814 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 6653208 | 39761 | SH |  | SOLE |  | 39761 | 0 | 0 |
| RUSH ENTERPRISES INC. | CL A | 781846209 |  | 2636285 | 49304 | SH |  | SOLE |  | 49304 | 0 | 0 |
| SABRE CORP | COM | 78573M104 |  | 624001 | 340984 | SH |  | SOLE |  | 340984 | 0 | 0 |
| SANDSTORM GOLD LTD | COM NEW | 80013R206 |  | 2879199 | 229968 | SH |  | SOLE |  | 229968 | 0 | 0 |
| SCIENCE APPLICATIONS INTERNATIONAL CORP | COM | 808625107 |  | 1589920 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| SELECT WATER SOLUTIONS INC | CL A COM | 81617J301 |  | 1603500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| SERVICENOW INC. | COM | 81762P102 |  | 3743699 | 4068 | SH |  | SOLE |  | 3600 | 0 | 468 |
| SIMULATIONS PLUS INC. | COM | 829214105 |  | 1205600 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| SNAP ON INC. | COM | 833034101 |  | 2772240 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| SNOWFLAKE INC. | COM SHS | 833445109 |  | 2255500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| SONIDA SENIOR LIVING INC | COM | 140475203 |  | 487983 | 17604 | SH |  | SOLE |  | 17604 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 1897390 | 20680 | SH |  | SOLE |  | 20680 | 0 | 0 |
| SPDR S MIDCAP 400 EFT TRUST | UTSER1 S | 78467Y107 |  | 25828960 | 43335 | SH |  | SOLE |  | 43335 | 0 | 0 |
| SPIRE GLOBAL INC. | COM CL A NEW | 848560306 |  | 1099000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| SPS COMMERCE INC. | COM | 78463M107 |  | 1145540 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 458966 | 5425 | SH |  | SOLE |  | 5425 | 0 | 0 |
| STEREOTAXIS INC. | COM NEW | 85916J409 |  | 2802894 | 901252 | SH |  | SOLE |  | 901252 | 0 | 0 |
| STIFEL FINANCIAL CORP | COM | 860630102 |  | 2306391 | 20326 | SH |  | SOLE |  | 20326 | 0 | 0 |
| SUPERIOR GROUP OF COMPANIES INC | COM | 868358102 |  | 793473 | 74018 | SH |  | SOLE |  | 74018 | 0 | 0 |
| SYNOPSYS INC. | COM | 871607107 |  | 3905675 | 7916 | SH |  | SOLE |  | 7000 | 0 | 916 |
| TAIWAN SEMICONDUCTOR MANUFACTURING LTD | SPONSORED ADS | 874039100 |  | 3459286 | 12386 | SH |  | SOLE |  | 10000 | 0 | 2386 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 2456252 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 9080562 | 230179 | SH |  | SOLE |  | 230179 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC. | COM | 879360105 |  | 4102280 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| THE BEAUTY HEALTH COMPANY | COM CL A | 88331L108 |  | 603963 | 303499 | SH |  | SOLE |  | 303499 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 3595630 | 12474 | SH |  | SOLE |  | 12474 | 0 | 0 |
| TJX COMPANIES INC. | COM | 872540109 |  | 5511310 | 38130 | SH |  | SOLE |  | 34719 | 0 | 3411 |
| TUTOR PERINI CORP | COM | 901109108 |  | 14672352 | 223698 | SH |  | SOLE |  | 223698 | 0 | 0 |
| UNITEDHEALTH GROUP INC. | COM | 91324P102 |  | 1786928 | 5175 | SH |  | SOLE |  | 2780 | 0 | 2395 |
| V2X INC. | COM | 92242T101 |  | 5791863 | 99705 | SH |  | SOLE |  | 99705 | 0 | 0 |
| VANGUARD SCOTTSDALE FUNDS | VNG RUS2000IDX | 92206C664 |  | 978200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| VESTIS CORPORATION | COM SHS | 29430C102 |  | 704886 | 155604 | SH |  | SOLE |  | 155604 | 0 | 0 |
| VICOR CORP | COM | 925815102 |  | 3037693 | 61096 | SH |  | SOLE |  | 61096 | 0 | 0 |
| VIVID SEATS INC | COM CL A | 92854T209 |  | 1329600 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| WALMART INC. | COM | 931142103 |  | 1205805 | 11700 | SH |  | SOLE |  | 11700 | 0 | 0 |
| WASTE MANAGEMENT INC | COM | 94106L109 |  | 627599 | 2842 | SH |  | SOLE |  | 977 | 0 | 1865 |
| WATTS WATER TECHNOLOGIES INC | CL A | 942749102 |  | 4189200 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| WEATHERFORD INTERNATIONAL PLC | ORD SHS | G48833118 |  | 1406784 | 20558 | SH |  | SOLE |  | 20558 | 0 | 0 |
| XPLR INFRASTRUCTURE LP | COM UNIT PART IN | 65341B106 |  | 11096335 | 1091085 | SH |  | SOLE |  | 1091085 | 0 | 0 |
| ZOETIS INC. | CL A | 98978V103 |  | 2853240 | 19500 | SH |  | SOLE |  | 19500 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 2097620 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 617717 | 2541 | SH |  | SOLE |  | 0 | 0 | 2541 |
| ALTI GLOBAL INC | CL A | 02157E106 |  | 1038676 | 291763 | SH |  | SOLE |  | 0 | 0 | 291763 |
| APPLE INC | COM | 037833100 |  | 485834 | 1908 | SH |  | SOLE |  | 0 | 0 | 1908 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 711648 | 4884 | SH |  | SOLE |  | 0 | 0 | 4884 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 590618 | 823 | SH |  | SOLE |  | 0 | 0 | 823 |
| BERKSHIRE HATHAWAY INC | CL B NEW | 084670702 |  | 426826 | 849 | SH |  | SOLE |  | 0 | 0 | 849 |
| BLACKSTONE INC | COM | 09260D107 |  | 502299 | 2940 | SH |  | SOLE |  | 0 | 0 | 2940 |
| BROADCOM INC | COM | 11135F101 |  | 754504 | 2287 | SH |  | SOLE |  | 0 | 0 | 2287 |
| BROWN  BROWN INC | COM | 115236101 |  | 353401 | 3768 | SH |  | SOLE |  | 0 | 0 | 3768 |
| COPART INC | COM | 217204106 |  | 334982 | 7449 | SH |  | SOLE |  | 0 | 0 | 7449 |
| EATON CORP PLC | SHS | G29183103 |  | 533306 | 1425 | SH |  | SOLE |  | 0 | 0 | 1425 |
| GARTNER INC | COM | 366651107 |  | 235269 | 895 | SH |  | SOLE |  | 0 | 0 | 895 |
| HOME DEPOT INC | COM | 437076102 |  | 438821 | 1083 | SH |  | SOLE |  | 0 | 0 | 1083 |
| INTUIT | COM | 461202103 |  | 467793 | 685 | SH |  | SOLE |  | 0 | 0 | 685 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 358678 | 802 | SH |  | SOLE |  | 0 | 0 | 802 |
| KLA CORP | COM NEW | 482480100 |  | 621274 | 576 | SH |  | SOLE |  | 0 | 0 | 576 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 738325 | 5514 | SH |  | SOLE |  | 0 | 0 | 5514 |
| LINDE PLC | SHS | G54950103 |  | 429875 | 905 | SH |  | SOLE |  | 0 | 0 | 905 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 451635 | 794 | SH |  | SOLE |  | 0 | 0 | 794 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 472062 | 202 | SH |  | SOLE |  | 0 | 0 | 202 |
| META PLATFORMS INC | CL A | 30303M102 |  | 503785 | 686 | SH |  | SOLE |  | 0 | 0 | 686 |
| MONOLITHIC POWER SYSTEMS INC | COM | 609839105 |  | 595654 | 647 | SH |  | SOLE |  | 0 | 0 | 647 |
| MOODYS CORP | COM | 615369105 |  | 430738 | 904 | SH |  | SOLE |  | 0 | 0 | 904 |
| MSCI INC | COM | 55354G100 |  | 413642 | 729 | SH |  | SOLE |  | 0 | 0 | 729 |
| NETFLIX INC | COM | 64110L106 |  | 563492 | 470 | SH |  | SOLE |  | 0 | 0 | 470 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 658068 | 3527 | SH |  | SOLE |  | 0 | 0 | 3527 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 474435 | 2330 | SH |  | SOLE |  | 0 | 0 | 2330 |
| PROGRESSIVE CORP | COM | 743315103 |  | 382032 | 1547 | SH |  | SOLE |  | 0 | 0 | 1547 |
| S GLOBAL INC | COM | 78409V104 |  | 402022 | 826 | SH |  | SOLE |  | 0 | 0 | 826 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 404432 | 1168 | SH |  | SOLE |  | 0 | 0 | 1168 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 395291 | 815 | SH |  | SOLE |  | 0 | 0 | 815 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 489896 | 1161 | SH |  | SOLE |  | 0 | 0 | 1161 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 405950 | 308 | SH |  | SOLE |  | 0 | 0 | 308 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 340335 | 869 | SH |  | SOLE |  | 0 | 0 | 869 |
| ISHARES TRUST | RUS TOP 200 ETF | 464289446 |  | 22332145 | 134450 | SH |  | SOLE |  | 0 | 0 | 134450 |
| SPDR S 500 ETF TRUST | TR UNIT | 78462F103 |  | 26369403 | 39583 | SH |  | SOLE |  | 0 | 0 | 39583 |

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