# EDGAR Filing Document

**Accession Number:** 0001313559
**File Stem:** 0000950123-25-006929
**Filing Date:** 2025-8
**Character Count:** 23869
**Document Hash:** 5078204c35bb40549fbc0de1443e6559
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950123-25-006929.hdr.sgml**: 20250804

**ACCESSION NUMBER**: 0000950123-25-006929

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250804

**DATE AS OF CHANGE**: 20250804

**EFFECTIVENESS DATE**: 20250804

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Yorktown Management & Research Co Inc
- **CENTRAL INDEX KEY:** 0001313559

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12529
- **FILM NUMBER:** 251178437

**BUSINESS ADDRESS:**
- **STREET 1:** 106 ANNJO COURT SUITE A
- **CITY:** FOREST
- **STATE:** VA
- **ZIP:** 24551
- **BUSINESS PHONE:** 800-544-6060

**MAIL ADDRESS:**
- **STREET 1:** 106 ANNJO COURT SUITE A
- **CITY:** FOREST
- **STATE:** VA
- **ZIP:** 24551

### 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:** Yorktown Management  Research Co Inc<br>**Address:** 106 Annjo Court Suite A<br>Forest, VA 24551

**Form 13F File Number:** 028-12529

**CRD Number (if applicable):** 000105083

**SEC File Number (if applicable):** 028-12529

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:** David D. Basten<br>**Title:** President<br>**Phone:** (434) 846-1361

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

David D. Basten  Forest, VA  08-04-2025<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:** 208

**Form 13F Information Table Value Total:** $104776177

      (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 |
| Aaon Inc. | COM PAR $0.004 | 000360206 |  | 331875 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| ACM Research Inc. | COM CL A | 00108J109 |  | 344470 | 13300 | SH |  | SOLE |  | 13300 | 0 | 0 |
| API Group Corp. | COM STK | 00187Y100 |  | 515605 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| AZZ Inc. | COM | 002474104 |  | 354300 | 3750 | SH |  | SOLE |  | 3750 | 0 | 0 |
| ACADIA Pharmaceuticals Inc. | COM | 004225108 |  | 259919 | 12050 | SH |  | SOLE |  | 12050 | 0 | 0 |
| Aerovironment Inc. | COM | 008073108 |  | 568190 | 1994 | SH |  | SOLE |  | 1994 | 0 | 0 |
| Allegro Microsystems Inc. | COM | 01749D105 |  | 386347 | 11300 | SH |  | SOLE |  | 11300 | 0 | 0 |
| Argenx SE | SPONSORED ADR | 04016X101 |  | 234269 | 425 | SH |  | SOLE |  | 425 | 0 | 0 |
| Arista Networks Inc | COM SHS | 040413205 |  | 1002638 | 9800 | SH |  | SOLE |  | 9800 | 0 | 0 |
| Asana Inc | CL A | 04342Y104 |  | 267300 | 19800 | SH |  | SOLE |  | 19800 | 0 | 0 |
| Axon Enterprise Inc. | COM | 05464C101 |  | 2194041 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| BJ's Wholesale Club Holdings Inc. | COM | 05550J101 |  | 473374 | 4390 | SH |  | SOLE |  | 4390 | 0 | 0 |
| BWX Technologies Inc. | COM | 05605H100 |  | 677082 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| Badger Meter Inc. | COM | 056525108 |  | 404168 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| Balchem Corp. | COM | 057665200 |  | 230840 | 1450 | SH |  | SOLE |  | 1450 | 0 | 0 |
| Banco Macro S.A. | SPON ADR B | 05961W105 |  | 358071 | 5100 | SH |  | SOLE |  | 5100 | 0 | 0 |
| Bancorp Inc./The | COM | 05969A105 |  | 244971 | 4300 | SH |  | SOLE |  | 4300 | 0 | 0 |
| Bentley Systems Inc. | COM CL B | 08265T208 |  | 329217 | 6100 | SH |  | SOLE |  | 6100 | 0 | 0 |
| Blackline Inc. | COM | 09239B109 |  | 588848 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| Blue Owl Capital Inc. | COM CL A | 09581B103 |  | 324649 | 16900 | SH |  | SOLE |  | 16900 | 0 | 0 |
| Boot Barn Holdings Inc. | COM | 099406100 |  | 387600 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |
| Boyd Gaming Corp. | COM | 103304101 |  | 211221 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| Brookfield Asset Management Ltd. | CL A LMT VTG SHS | 113004105 |  | 311613 | 5637 | SH |  | SOLE |  | 5637 | 0 | 0 |
| CBRE Group Inc. | CL A | 12504L109 |  | 378324 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| CSW Industrials Inc. | COM | 126402106 |  | 559319 | 1950 | SH |  | SOLE |  | 1950 | 0 | 0 |
| Cactus Inc. | CL A | 127203107 |  | 253576 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| Calix Inc. | COM | 13100M509 |  | 478710 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| Casey's General Stores Inc. | COM | 147528103 |  | 612324 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| Catalyst Pharmaceuticals Inc. | COM | 14888U101 |  | 375410 | 17300 | SH |  | SOLE |  | 17300 | 0 | 0 |
| Cavco Industries Inc. | COM | 149568107 |  | 347544 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| Charles River Laboratories International Inc. | COM | 159864107 |  | 273114 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| Chefs' Warehouse Inc./The | COM | 163086101 |  | 449861 | 7050 | SH |  | SOLE |  | 7050 | 0 | 0 |
| Clean Harbors Inc. | COM | 184496107 |  | 335211 | 1450 | SH |  | SOLE |  | 1450 | 0 | 0 |
| Clearwater Analytics Holdings Inc. | CL A | 185123106 |  | 334433 | 15250 | SH |  | SOLE |  | 15250 | 0 | 0 |
| Comfort Systems USA Inc. | COM | 199908104 |  | 1876735 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| Commvault Systems Inc. | COM | 204166102 |  | 287645 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| Construction Partners Inc | COM CL A | 21044C107 |  | 510144 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| Copart Inc. | COM | 217204106 |  | 461258 | 9400 | SH |  | SOLE |  | 9400 | 0 | 0 |
| Core  Main Inc. | CL A | 21874C102 |  | 802655 | 13300 | SH |  | SOLE |  | 13300 | 0 | 0 |
| Curtiss-Wright Corp. | COM | 231561101 |  | 683970 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| Datadog Inc. | CL A COM | 23804L103 |  | 537320 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| Descartes Systems Group Inc./The | COM | 249906108 |  | 1097766 | 10800 | SH |  | SOLE |  | 10800 | 0 | 0 |
| Digi International Inc. | COM | 253798102 |  | 477582 | 13700 | SH |  | SOLE |  | 13700 | 0 | 0 |
| Dorman Products Inc. | COM | 258278100 |  | 674685 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| DraftKings Inc. | COM CL A | 26142V105 |  | 427184 | 9960 | SH |  | SOLE |  | 9960 | 0 | 0 |
| Driven Brands Holdings Inc. | COM | 26210V102 |  | 260766 | 14850 | SH |  | SOLE |  | 14850 | 0 | 0 |
| Duolingo Inc | CL A COM | 26603R106 |  | 809790 | 1975 | SH |  | SOLE |  | 1975 | 0 | 0 |
| Doximity Inc. | CL A | 26622P107 |  | 441648 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| Dutch Bros Inc. | CL A | 26701L100 |  | 704211 | 10300 | SH |  | SOLE |  | 10300 | 0 | 0 |
| Dycom Industries Inc. | COM | 267475101 |  | 360720 | 1476 | SH |  | SOLE |  | 1476 | 0 | 0 |
| Dynatrace Inc. | COM NEW | 268150109 |  | 585226 | 10600 | SH |  | SOLE |  | 10600 | 0 | 0 |
| elf Beauty Inc. | COM | 26856L103 |  | 329766 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| Eagle Materials Inc. | COM | 26969P108 |  | 333482 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| Embraer SA | SPONSORED ADS | 29082A107 |  | 239022 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| Enova International Inc. | COM | 29357K103 |  | 250920 | 2250 | SH |  | SOLE |  | 2250 | 0 | 0 |
| Ensign Group Inc./The | COM | 29358P101 |  | 539910 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| ERIE INDEMINTY COMPANY- CL A | CL A | 29530P102 |  | 303441 | 875 | SH |  | SOLE |  | 875 | 0 | 0 |
| ExlService Holdings Inc. | COM | 302081104 |  | 792599 | 18100 | SH |  | SOLE |  | 18100 | 0 | 0 |
| Expeditors International of Washington Inc. | COM | 302130109 |  | 297050 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| Federal Agricultural Mortgage Corp. | CL C | 313148306 |  | 310848 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| FirstService Corp. | COM | 33767E202 |  | 401626 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| FirstCash Holdings Inc. | COM | 33768G107 |  | 358121 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| Fortinet Inc. | COM | 34959E109 |  | 523314 | 4950 | SH |  | SOLE |  | 4950 | 0 | 0 |
| Franklin Electric Co. Inc. | COM | 353514102 |  | 538440 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| Freedom Holding Corp/NV | COM | 356390104 |  | 540385 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| Futu Holdings Ltd | SPON ADS CL A | 36118L106 |  | 432565 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| G-III Apparel Group Ltd. | COM | 36237H101 |  | 222880 | 9950 | SH |  | SOLE |  | 9950 | 0 | 0 |
| GMS INC. | COM | 36251C103 |  | 337125 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| Globus Medical Inc. | CL A | 379577208 |  | 377728 | 6400 | SH |  | SOLE |  | 6400 | 0 | 0 |
| Gold Fields Ltd. | SPONSORED ADR | 38059T106 |  | 538493 | 22750 | SH |  | SOLE |  | 22750 | 0 | 0 |
| Goosehead Insurance Inc | COM CL A | 38267D109 |  | 532826 | 5050 | SH |  | SOLE |  | 5050 | 0 | 0 |
| Grid Dynamics Holdings Inc | CL A | 39813G109 |  | 269693 | 23350 | SH |  | SOLE |  | 23350 | 0 | 0 |
| Griffon Corp. | COM | 398433102 |  | 220729 | 3050 | SH |  | SOLE |  | 3050 | 0 | 0 |
| Grupo Financiero Galicia S.A. | SPONSORED ADR | 399909100 |  | 375406 | 7450 | SH |  | SOLE |  | 7450 | 0 | 0 |
| Grupo Aeroportuario del Sureste SAB de CV | SPON ADR SER B | 40051E202 |  | 443229 | 1390 | SH |  | SOLE |  | 1390 | 0 | 0 |
| Guardant Health Inc. | COM | 40131M109 |  | 288822 | 5550 | SH |  | SOLE |  | 5550 | 0 | 0 |
| Guidewire Software Inc. | COM | 40171V100 |  | 329630 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| HCI Group Inc. | COM | 40416E103 |  | 273960 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| Haemonetics Corp. | COM | 405024100 |  | 231291 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| Hamilton Lane Inc. | CL A | 407497106 |  | 795872 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| Hawkins Inc. | COM | 420261109 |  | 731815 | 5150 | SH |  | SOLE |  | 5150 | 0 | 0 |
| HEICO Corp. | COM | 422806109 |  | 419840 | 1280 | SH |  | SOLE |  | 1280 | 0 | 0 |
| Jack Henry  Associates Inc. | COM | 426281101 |  | 513485 | 2850 | SH |  | SOLE |  | 2850 | 0 | 0 |
| HERC HOLDINGS IN | COM | 42704L104 |  | 447746 | 3400 | SH |  | SOLE |  | 3400 | 0 | 0 |
| Hims  Hers Health Inc. | COM CL A | 433000106 |  | 386338 | 7750 | SH |  | SOLE |  | 7750 | 0 | 0 |
| Houlihan Lokey Inc. | CL A | 441593100 |  | 692808 | 3850 | SH |  | SOLE |  | 3850 | 0 | 0 |
| IES Holdings Inc. | COM | 44951W106 |  | 1878098 | 6340 | SH |  | SOLE |  | 6340 | 0 | 0 |
| ITT Inc. | COM | 45073V108 |  | 517539 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| Ingersoll Rand Inc. | COM | 45687V106 |  | 806846 | 9700 | SH |  | SOLE |  | 9700 | 0 | 0 |
| Ingredion Inc. | COM | 457187102 |  | 345831 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |
| Insmed Inc. | COM PAR $.01 | 457669307 |  | 588744 | 5850 | SH |  | SOLE |  | 5850 | 0 | 0 |
| Installed Building Products Inc. | COM | 45780R101 |  | 522928 | 2900 | SH |  | SOLE |  | 2900 | 0 | 0 |
| Integer Holdings Corp. | COM | 45826H109 |  | 288980 | 2350 | SH |  | SOLE |  | 2350 | 0 | 0 |
| Inter Parfums Inc. | COM | 458334109 |  | 288882 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| Interactive Brokers Group Inc. | COM CL A | 45841N107 |  | 687084 | 12400 | SH |  | SOLE |  | 12400 | 0 | 0 |
| InterContinental Hotels Group PLC | SPONSORED ADS | 45857P806 |  | 432525 | 3750 | SH |  | SOLE |  | 3750 | 0 | 0 |
| InterDigital Inc. | COM | 45867G101 |  | 325134 | 1450 | SH |  | SOLE |  | 1450 | 0 | 0 |
| Itron Inc. | COM | 465741106 |  | 394890 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| James Hardie Industries PLC | SPONSORED ADR | 47030M106 |  | 330747 | 12300 | SH |  | SOLE |  | 12300 | 0 | 0 |
| Janus International Group Inc. | COMMON STOCK | 47103N106 |  | 231990 | 28500 | SH |  | SOLE |  | 28500 | 0 | 0 |
| KLA-Tencor Corp. | COM NEW | 482480100 |  | 797209 | 890 | SH |  | SOLE |  | 890 | 0 | 0 |
| KKR  Co. LP | COM | 48251W104 |  | 957816 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| Kinsale Capital Group Inc. | COM | 49714P108 |  | 629070 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| Korn/Ferry International | COM NEW | 500643200 |  | 417981 | 5700 | SH |  | SOLE |  | 5700 | 0 | 0 |
| LPL Financial Holdings Inc. | COM | 50212V100 |  | 1983591 | 5290 | SH |  | SOLE |  | 5290 | 0 | 0 |
| Leonardo DRS Inc | COM | 52661A108 |  | 367192 | 7900 | SH |  | SOLE |  | 7900 | 0 | 0 |
| Life360 Inc. | COM | 532206109 |  | 587250 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| Lithia Motors Inc. | COM | 536797103 |  | 709422 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| McGrath RentCorp | COM | 580589109 |  | 330486 | 2850 | SH |  | SOLE |  | 2850 | 0 | 0 |
| Medpace Holdings Inc. | COM | 58506Q109 |  | 564948 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| Merchants Bancorp/IN | COM | 58844R108 |  | 291016 | 8800 | SH |  | SOLE |  | 8800 | 0 | 0 |
| Middleby Corp./The | COM | 596278101 |  | 475200 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| Modine Manufacturing Co. | COM | 607828100 |  | 408775 | 4150 | SH |  | SOLE |  | 4150 | 0 | 0 |
| Monolithic Power Systems Inc. | COM | 609839105 |  | 475397 | 650 | SH |  | SOLE |  | 650 | 0 | 0 |
| Mueller Industries Inc. | COM | 624756102 |  | 1148342 | 14450 | SH |  | SOLE |  | 14450 | 0 | 0 |
| NCR Atleos Corp. | COM SHS | 63001N106 |  | 296712 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| OSI Systems Inc. | COM | 671044105 |  | 510432 | 2270 | SH |  | SOLE |  | 2270 | 0 | 0 |
| ONEOK Inc. | COM | 682680103 |  | 216320 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| PTC Inc. | COM | 69370C100 |  | 482552 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| Palomar Holdings Inc | COM | 69753M105 |  | 308500 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| Pampa Energia SA | SPONS ADR LVL I | 697660207 |  | 895002 | 12900 | SH |  | SOLE |  | 12900 | 0 | 0 |
| Par Pacific Holdings Inc. | COM NEW | 69888T207 |  | 262647 | 9900 | SH |  | SOLE |  | 9900 | 0 | 0 |
| Patrick Industries Inc. | COM | 703343103 |  | 512099 | 5550 | SH |  | SOLE |  | 5550 | 0 | 0 |
| Paycom Software Inc. | COM | 70432V102 |  | 485940 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| Paylocity Holdings Corp. | COM | 70438V106 |  | 597927 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| Paymentus Holdings Inc. | COM CL A | 70439P108 |  | 353700 | 10800 | SH |  | SOLE |  | 10800 | 0 | 0 |
| Payoneer Global Inc. | COM | 70451X104 |  | 634995 | 92700 | SH |  | SOLE |  | 92700 | 0 | 0 |
| Pennant Group Inc/The | COM | 70805E109 |  | 292530 | 9800 | SH |  | SOLE |  | 9800 | 0 | 0 |
| Penumbra Inc. | COM | 70975L107 |  | 769890 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| Performance Food Group Co. | COM | 71377A103 |  | 689264 | 7880 | SH |  | SOLE |  | 7880 | 0 | 0 |
| Pilgrim's Pride Corp. | COM | 72147K108 |  | 404820 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| Pinnacle Financial Partners Inc. | COM | 72346Q104 |  | 276025 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| Piper Jaffray Cos. | COM | 724078100 |  | 294616 | 1060 | SH |  | SOLE |  | 1060 | 0 | 0 |
| Primo Brands Corp | CLASS A COM SHS | 741623102 |  | 238441 | 8050 | SH |  | SOLE |  | 8050 | 0 | 0 |
| Primoris Services Corp. | COM | 74164F103 |  | 319554 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| Progyny Inc. | COM | 74340E103 |  | 253000 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| PulteGroup Inc. | COM | 745867101 |  | 421840 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| Qualys Inc. | COM | 74758T303 |  | 671489 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| Rambus Inc. | COM | 750917106 |  | 448140 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| Range Resources Corp. | COM | 75281A109 |  | 219618 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| Raymond James Financial Inc. | COM | 754730109 |  | 989237 | 6450 | SH |  | SOLE |  | 6450 | 0 | 0 |
| RBC Bearings Inc. | COM | 75524B104 |  | 758056 | 1970 | SH |  | SOLE |  | 1970 | 0 | 0 |
| Regal Rexnord Corp. | COM | 758750103 |  | 333408 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| RingCentral Inc. | CL A | 76680R206 |  | 369968 | 13050 | SH |  | SOLE |  | 13050 | 0 | 0 |
| Robinhood Markets Inc. | COM CL A | 770700102 |  | 1488717 | 15900 | SH |  | SOLE |  | 15900 | 0 | 0 |
| Rollins Inc. | COM | 775711104 |  | 411866 | 7300 | SH |  | SOLE |  | 7300 | 0 | 0 |
| Sezzle Inc | COM | 78435P105 |  | 708038 | 3950 | SH |  | SOLE |  | 3950 | 0 | 0 |
| SPS Commerce Inc. | COM | 78463M107 |  | 589270 | 4330 | SH |  | SOLE |  | 4330 | 0 | 0 |
| SPX Technologies Inc. | COM | 78473E103 |  | 452736 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| Saia Inc. | COM | 78709Y105 |  | 504142 | 1840 | SH |  | SOLE |  | 1840 | 0 | 0 |
| SEMrush Holdings Inc | CL A COM | 81686C104 |  | 557480 | 61600 | SH |  | SOLE |  | 61600 | 0 | 0 |
| Shift4 Payments Inc. | CL A | 82452J109 |  | 436084 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| Simpson Manufacturing Co. Inc. | COM | 829073105 |  | 295089 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| Skyward Specialty Insurance | COM | 830940102 |  | 257166 | 4450 | SH |  | SOLE |  | 4450 | 0 | 0 |
| Sprouts Farmers Market Inc. | COM | 85208M102 |  | 716184 | 4350 | SH |  | SOLE |  | 4350 | 0 | 0 |
| Stifel Financial Corp. | COM | 860630102 |  | 508522 | 4900 | SH |  | SOLE |  | 4900 | 0 | 0 |
| Stock Yards Bancorp Inc. | COM | 861025104 |  | 639738 | 8100 | SH |  | SOLE |  | 8100 | 0 | 0 |
| StoneX Group Inc. | COM | 861896108 |  | 956970 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| Super Micro Computer Inc. | COM NEW | 86800U302 |  | 977750 | 19950 | SH |  | SOLE |  | 19950 | 0 | 0 |
| TD SYNNEX Corp. | COM | 87162W100 |  | 366390 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| Synchrony Financial | COM | 87165B103 |  | 400440 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| TaskUS Inc. | CLASS A COM | 87652V109 |  | 331848 | 19800 | SH |  | SOLE |  | 19800 | 0 | 0 |
| Taylor Morrison Home Corp. | COM | 87724P106 |  | 454508 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| Teledyne Technologies Inc. | COM | 879360105 |  | 461079 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| Tenet Healthcare Corp. | COM NEW | 88033G407 |  | 233200 | 1325 | SH |  | SOLE |  | 1325 | 0 | 0 |
| Texas Pacific Land Corp. | COM | 88262P102 |  | 507067 | 480 | SH |  | SOLE |  | 480 | 0 | 0 |
| TG Therapeutics Inc. | COM | 88322Q108 |  | 383294 | 10650 | SH |  | SOLE |  | 10650 | 0 | 0 |
| Trade Desk Inc./The | COM CL A | 88339J105 |  | 410343 | 5700 | SH |  | SOLE |  | 5700 | 0 | 0 |
| Toast Inc. | CL A | 888787108 |  | 336604 | 7600 | SH |  | SOLE |  | 7600 | 0 | 0 |
| Tootsie Roll Industries Inc. | COM | 890516107 |  | 344535 | 10300 | SH |  | SOLE |  | 10300 | 0 | 0 |
| TopBuild Corp. | COM | 89055F103 |  | 420862 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| Transportadora de Gas del Sur S.A. | SPONSORED ADS B | 893870204 |  | 266770 | 10300 | SH |  | SOLE |  | 10300 | 0 | 0 |
| Trex Co. Inc. | COM | 89531P105 |  | 451354 | 8300 | SH |  | SOLE |  | 8300 | 0 | 0 |
| Tyler Technologies Inc. | COM | 902252105 |  | 978186 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| UFP TECHNOLOGIES INC | COM | 902673102 |  | 378448 | 1550 | SH |  | SOLE |  | 1550 | 0 | 0 |
| Uber Technologies Inc. | COM | 90353T100 |  | 373200 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| UNITED STATES LIME  MINERAL INC. | COM | 911922102 |  | 621255 | 6225 | SH |  | SOLE |  | 6225 | 0 | 0 |
| Varonis Systems Inc. | COM | 922280102 |  | 301963 | 5950 | SH |  | SOLE |  | 5950 | 0 | 0 |
| V2X Inc. | COM | 92242T101 |  | 262170 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| Veeva Systems Inc. | CL A COM | 922475108 |  | 475167 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| Verra Mobility Corp. | CL A COM STK | 92511U102 |  | 253900 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| WESCO International Inc. | COM | 95082P105 |  | 842660 | 4550 | SH |  | SOLE |  | 4550 | 0 | 0 |
| Western Alliance Bancorp | COM | 957638109 |  | 288526 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| Woodward Inc. | COM | 980745103 |  | 673998 | 2750 | SH |  | SOLE |  | 2750 | 0 | 0 |
| ZoomInfo Technologies Inc. | COMMON STOCK | 98980F104 |  | 175076 | 17300 | SH |  | SOLE |  | 17300 | 0 | 0 |
| Zurn Water Solutions Inc. | COM | 98983L108 |  | 356558 | 9750 | SH |  | SOLE |  | 9750 | 0 | 0 |
| Afya Ltd. | CL A COM | G01125106 |  | 319694 | 17900 | SH |  | SOLE |  | 17900 | 0 | 0 |
| Dole PLC | ORD SHS | G27907107 |  | 176274 | 12600 | SH |  | SOLE |  | 12600 | 0 | 0 |
| Dlocal Ltd./Uruguay | CLASS A COM | G29018101 |  | 470610 | 41500 | SH |  | SOLE |  | 41500 | 0 | 0 |
| Fabrinet | SHS | G3323L100 |  | 1119784 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| FTAI Aviation Ltd. | SHS | G3730V105 |  | 667232 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| Genius Sports Ltd. | SHARES CL A | G3934V109 |  | 652080 | 62700 | SH |  | SOLE |  | 62700 | 0 | 0 |
| Grab Holdings Ltd. | CLASS A ORD | G4124C109 |  | 261560 | 52000 | SH |  | SOLE |  | 52000 | 0 | 0 |
| Marex Group PLC | ORD | G5S37H101 |  | 530872 | 13450 | SH |  | SOLE |  | 13450 | 0 | 0 |
| Patria Investments Ltd | COM CL A | G69451105 |  | 478040 | 34000 | SH |  | SOLE |  | 34000 | 0 | 0 |
| RenaissanceRe Holdings Ltd. | COM | G7496G103 |  | 352205 | 1450 | SH |  | SOLE |  | 1450 | 0 | 0 |
| SharkNinja Inc | COM SHS | G8068L108 |  | 346465 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| Tacnoglass Inc. | ORD SHS | G87264100 |  | 216608 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| White Mountains Insurance Group Ltd. | COM | G9618E107 |  | 395058 | 220 | SH |  | SOLE |  | 220 | 0 | 0 |
| WNS Holdings Ltd. | COM SHS | G98196101 |  | 240312 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| Logitech International S.A. | SHS | H50430232 |  | 675975 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| On Holding AG | NAMEN AKT A | H5919C104 |  | 447630 | 8600 | SH |  | SOLE |  | 8600 | 0 | 0 |
| Sportradar Group AG | CLASS A ORD SHS | H8088L103 |  | 1182168 | 42100 | SH |  | SOLE |  | 42100 | 0 | 0 |
| Corporation America Airports S.A. | COM | L1995B107 |  | 275536 | 13600 | SH |  | SOLE |  | 13600 | 0 | 0 |
| Camtek Ltd. | ORD | M20791105 |  | 439712 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| CyberArk Software Ltd. | SHS | M2682V108 |  | 1647864 | 4050 | SH |  | SOLE |  | 4050 | 0 | 0 |
| Nova Ltd. | COM | M7516K103 |  | 495360 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| Oddity Tech Ltd. | SHS CL A | M7518J104 |  | 426406 | 5650 | SH |  | SOLE |  | 5650 | 0 | 0 |

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