# EDGAR Filing Document

**Accession Number:** 0001591546
**File Stem:** 0001591546-23-000010
**Filing Date:** 2023-2
**Character Count:** 16673
**Document Hash:** a0f06a64f884b1ba63e75209670d82c1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001591546-23-000010.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001591546-23-000010

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pacific Ridge Capital Partners, LLC
- **CENTRAL INDEX KEY:** 0001591546
- **IRS NUMBER:** 272506725
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15835
- **FILM NUMBER:** 23618391

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 MEADOWS ROAD
- **STREET 2:** SUITE 320
- **CITY:** LAKE OSWEGO
- **STATE:** OR
- **ZIP:** 97035
- **BUSINESS PHONE:** 503-886-8970

**MAIL ADDRESS:**
- **STREET 1:** 4900 MEADOWS ROAD
- **STREET 2:** SUITE 320
- **CITY:** LAKE OSWEGO
- **STATE:** OR
- **ZIP:** 97035

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pacific Ridge Capital Parnters, LLC
- **DATE OF NAME CHANGE:** 20131108

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Pacific Ridge Capital Partners LLC<br>**Address:** 4900 MEADOWS ROAD<br>SUITE 320<br>LAKE OSWEGO, OR 97035

**Form 13F File Number:** 028-15835

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:** Peter Trumbo<br>**Title:** C.C.O.<br>**Phone:** 5038868970

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

Peter Trumbo  Lake Oswego, OR  02-13-2023<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:** 127

**Form 13F Information Table Value Total:** $424426486

      (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 |
| 1-800-Flowers.com Inc | COM | 68243Q106 |  | 1081332 | 113110 | SH |  | SOLE |  | 56310 | 0 | 56800 |
| ACCO Brands | COM | 00081T108 |  | 1231142 | 220240 | SH |  | SOLE |  | 109730 | 0 | 110510 |
| ARC Document Solutions | COM | 00191G103 |  | 5411136 | 1846804 | SH |  | SOLE |  | 1313824 | 0 | 532980 |
| AXT Inc | COM | 00246W103 |  | 4419359 | 1008986 | SH |  | SOLE |  | 717696 | 0 | 291290 |
| Acacia Research Corp | COM | 003881307 |  | 4717899 | 1120641 | SH |  | SOLE |  | 769291 | 0 | 351350 |
| Alico Inc | COM | 016230104 |  | 4699263 | 196869 | SH |  | SOLE |  | 140009 | 0 | 56860 |
| Alpine Income Property Trust | COM | 02083X103 |  | 7267263 | 380884 | SH |  | SOLE |  | 271173 | 0 | 109711 |
| Amtech Systems | COM | 032332504 |  | 5881906 | 773935 | SH |  | SOLE |  | 551005 | 0 | 222930 |
| Asure Software | COM | 04649U102 |  | 8751440 | 936985 | SH |  | SOLE |  | 651498 | 0 | 285487 |
| BGSF Inc | COM | 05601C105 |  | 7814303 | 510072 | SH |  | SOLE |  | 363157 | 0 | 146915 |
| BM Technologies Inc | COM | 05591L107 |  | 3449755 | 662141 | SH |  | SOLE |  | 470641 | 0 | 191500 |
| Banc of California Inc | COM | 05990K106 |  | 1184873 | 74380 | SH |  | SOLE |  | 36980 | 0 | 37400 |
| Barrett Business Services Inc | COM | 068463108 |  | 13211016 | 141628 | SH |  | SOLE |  | 95808 | 0 | 45820 |
| Benchmark Electronics Inc | COM | 08160H101 |  | 930947 | 34880 | SH |  | SOLE |  | 17220 | 0 | 17660 |
| Bloomin Brands | COM | 094235108 |  | 385902 | 19180 | SH |  | SOLE |  | 9540 | 0 | 9640 |
| Blucora Inc | COM | 095229100 |  | 959673 | 37590 | SH |  | SOLE |  | 18750 | 0 | 18840 |
| Bowman Consulting Grp | COM | 103002101 |  | 7201105 | 329570 | SH |  | SOLE |  | 234640 | 0 | 94930 |
| Bridgewater Bancshares | COM | 108621103 |  | 1256702 | 70840 | SH |  | SOLE |  | 35250 | 0 | 35590 |
| Brinker International | COM | 109641100 |  | 436529 | 13680 | SH |  | SOLE |  | 6800 | 0 | 6880 |
| Build A Bear Workshop | COM | 120076104 |  | 10367086 | 434861 | SH |  | SOLE |  | 309431 | 0 | 125430 |
| Caleres Inc | COM | 129500104 |  | 1277090 | 57320 | SH |  | SOLE |  | 28620 | 0 | 28700 |
| Capital Bancorp | COM | 139737100 |  | 4488231 | 190664 | SH |  | SOLE |  | 135741 | 0 | 54923 |
| Cheesecake Factory | COM | 163072101 |  | 401449 | 12660 | SH |  | SOLE |  | 6300 | 0 | 6360 |
| Chefs' Warehouse | COM | 163086101 |  | 1599770 | 48070 | SH |  | SOLE |  | 23990 | 0 | 24080 |
| Civista Bancshares | COM | 178867107 |  | 5925026 | 269197 | SH |  | SOLE |  | 181053 | 0 | 88144 |
| Cohu Inc | COM | 192576106 |  | 1946076 | 60720 | SH |  | SOLE |  | 30260 | 0 | 30460 |
| Colony Bankcorp | COM | 19623P101 |  | 3797165 | 299225 | SH |  | SOLE |  | 212853 | 0 | 86372 |
| Columbus McKinnon Corp | COM | 199333105 |  | 843895 | 25990 | SH |  | SOLE |  | 12960 | 0 | 13030 |
| Comtech Telecom Corp | COM | 205826209 |  | 5023180 | 413771 | SH |  | SOLE |  | 284011 | 0 | 129760 |
| ConnectOne Bancorp | COM | 20786W107 |  | 1268362 | 52390 | SH |  | SOLE |  | 26040 | 0 | 26350 |
| Cooper Standard Hlds | COM | 21676P103 |  | 4254685 | 469612 | SH |  | SOLE |  | 315712 | 0 | 153900 |
| Cra Intl Inc | COM | 12618T105 |  | 8340775 | 68127 | SH |  | SOLE |  | 48477 | 0 | 19650 |
| Customers Bancorp | COM | 23204G100 |  | 1057932 | 37330 | SH |  | SOLE |  | 18430 | 0 | 18900 |
| DMC Global Inc | COM | 23291C103 |  | 3081804 | 158529 | SH |  | SOLE |  | 108199 | 0 | 50330 |
| DXP Enterprises Inc | COM | 233377407 |  | 530338 | 19250 | SH |  | SOLE |  | 9610 | 0 | 9640 |
| Daktronics Inc | COM | 234264109 |  | 216012 | 76600 | SH |  | SOLE |  | 38210 | 0 | 38390 |
| Destination XL Group | COM | 25065K104 |  | 8215931 | 1217175 | SH |  | SOLE |  | 866415 | 0 | 350760 |
| EPlus Inc | COM | 294268107 |  | 1112314 | 25120 | SH |  | SOLE |  | 12510 | 0 | 12610 |
| Eagle Bancorp Montana | COM | 26942G100 |  | 3670809 | 227154 | SH |  | SOLE |  | 161544 | 0 | 65610 |
| Edgewell Personal Care | COM | 28035Q102 |  | 1503445 | 39010 | SH |  | SOLE |  | 19460 | 0 | 19550 |
| Enerpac Tool Group | COM | 292765104 |  | 654574 | 25720 | SH |  | SOLE |  | 12830 | 0 | 12890 |
| Ennis Inc | COM | 293389102 |  | 1083624 | 48900 | SH |  | SOLE |  | 24390 | 0 | 24510 |
| Esquire Financial Hld | COM | 29667J101 |  | 6993001 | 161651 | SH |  | SOLE |  | 115051 | 0 | 46600 |
| FS Bancorp | COM | 30263Y104 |  | 7796904 | 233161 | SH |  | SOLE |  | 165961 | 0 | 67200 |
| Farmers National Banc Corp | COM | 309627107 |  | 4930933 | 349216 | SH |  | SOLE |  | 248576 | 0 | 100640 |
| First Business Financial Servi | COM | 319390100 |  | 5007533 | 137005 | SH |  | SOLE |  | 97515 | 0 | 39490 |
| First Financial Corp | COM | 320218100 |  | 1250150 | 27130 | SH |  | SOLE |  | 13530 | 0 | 13600 |
| First Northwest | COM | 335834107 |  | 3881349 | 252692 | SH |  | SOLE |  | 179888 | 0 | 72804 |
| Franchise Group | COM | 35180X105 |  | 1079761 | 45330 | SH |  | SOLE |  | 22420 | 0 | 22910 |
| Global Medical REIT | COM | 37954A204 |  | 6063711 | 639632 | SH |  | SOLE |  | 430122 | 0 | 209510 |
| Great Ajax Corp | COM | 38983D300 |  | 5458417 | 752885 | SH |  | SOLE |  | 507672 | 0 | 245213 |
| Hamilton Beach Brands Hld | COM | 40701T104 |  | 4942817 | 398936 | SH |  | SOLE |  | 283756 | 0 | 115180 |
| Healthcare Services Group Inc | COM | 421906108 |  | 1143600 | 95300 | SH |  | SOLE |  | 47420 | 0 | 47880 |
| Heidrick  Struggles Internati | COM | 422819102 |  | 911822 | 32600 | SH |  | SOLE |  | 16120 | 0 | 16480 |
| Heritage Insurance Hlds Inc | COM | 42727J102 |  | 1574345 | 874636 | SH |  | SOLE |  | 620886 | 0 | 253750 |
| Horizon Bancorp | COM | 440407104 |  | 2853468 | 189222 | SH |  | SOLE |  | 134612 | 0 | 54610 |
| Hurco Companies Inc | COM | 447324104 |  | 4071263 | 155808 | SH |  | SOLE |  | 110748 | 0 | 45060 |
| Ichor Holdings | COM | G4740B105 |  | 1191344 | 44420 | SH |  | SOLE |  | 22100 | 0 | 22320 |
| InTest Corp | COM | 461147100 |  | 8094955 | 785918 | SH |  | SOLE |  | 559343 | 0 | 226575 |
| Intevac Inc | COM | 461148108 |  | 1205038 | 186250 | SH |  | SOLE |  | 92900 | 0 | 93350 |
| Kelly Services Cls A | COM | 488152208 |  | 1069939 | 63310 | SH |  | SOLE |  | 31500 | 0 | 31810 |
| Kimball Electronics | COM | 49428J109 |  | 8526008 | 377424 | SH |  | SOLE |  | 268684 | 0 | 108740 |
| Koppers Holdings | COM | 50060P106 |  | 974028 | 34540 | SH |  | SOLE |  | 17180 | 0 | 17360 |
| Lakeland Bancorp | COM | 511637100 |  | 1428523 | 81120 | SH |  | SOLE |  | 40460 | 0 | 40660 |
| Lakeland Industries | COM | 511795106 |  | 7312606 | 549820 | SH |  | SOLE |  | 391200 | 0 | 158620 |
| Lifecore Biomedical Inc | COM | 514766104 |  | 2701259 | 416861 | SH |  | SOLE |  | 296227 | 0 | 120634 |
| Lifetime Brands Inc | COM | 53222Q103 |  | 4679690 | 616560 | SH |  | SOLE |  | 422050 | 0 | 194510 |
| Manitex International Inc | COM | 563420108 |  | 3816416 | 954104 | SH |  | SOLE |  | 678494 | 0 | 275610 |
| Matrix Service Co | COM | 576853105 |  | 379793 | 61060 | SH |  | SOLE |  | 30460 | 0 | 30600 |
| Medifast Inc | COM | 58470H101 |  | 1279232 | 11090 | SH |  | SOLE |  | 5530 | 0 | 5560 |
| Metropolitan Bank Hld | COM | 591774104 |  | 6977154 | 118922 | SH |  | SOLE |  | 80192 | 0 | 38730 |
| Miller Industries Inc | COM | 600551204 |  | 2921161 | 109571 | SH |  | SOLE |  | 78011 | 0 | 31560 |
| Mistras Group Inc | COM | 60649T107 |  | 1573059 | 319079 | SH |  | SOLE |  | 215660 | 0 | 103419 |
| MotorCar Parts of America Inc | COM | 620071100 |  | 5507037 | 464337 | SH |  | SOLE |  | 330407 | 0 | 133930 |
| NN Inc | COM | 629337106 |  | 1002428 | 668285 | SH |  | SOLE |  | 449895 | 0 | 218390 |
| NV5 Global Inc | COM | 62945V109 |  | 936826 | 7080 | SH |  | SOLE |  | 3520 | 0 | 3560 |
| Natural Gas Services Group Inc | COM | 63886Q109 |  | 6466271 | 564247 | SH |  | SOLE |  | 401722 | 0 | 162525 |
| Necessity Retail REIT Inc | COM | 02607T109 |  | 972105 | 163930 | SH |  | SOLE |  | 81770 | 0 | 82160 |
| Netgear Inc | COM | 64111Q104 |  | 778368 | 42980 | SH |  | SOLE |  | 21380 | 0 | 21600 |
| Newpark Resources Inc | COM | 651718504 |  | 346027 | 83380 | SH |  | SOLE |  | 41590 | 0 | 41790 |
| Northeast Bank | COM | 66405S100 |  | 8762196 | 208128 | SH |  | SOLE |  | 145028 | 0 | 63100 |
| Northwest Pipe | COM | 667746101 |  | 9867933 | 292817 | SH |  | SOLE |  | 208427 | 0 | 84390 |
| One Stop Systems | COM | 68247W109 |  | 1714701 | 569668 | SH |  | SOLE |  | 405327 | 0 | 164341 |
| Orrstown Financial Services | COM | 687380105 |  | 4267948 | 184281 | SH |  | SOLE |  | 131201 | 0 | 53080 |
| PAM Transportation Services I | COM | 693149106 |  | 2954309 | 114066 | SH |  | SOLE |  | 81230 | 0 | 32836 |
| PC Connection | COM | 69318J100 |  | 914550 | 19500 | SH |  | SOLE |  | 9730 | 0 | 9770 |
| PRA Group | COM | 69354N106 |  | 906993 | 26850 | SH |  | SOLE |  | 13390 | 0 | 13460 |
| Parke Bancorp | COM | 700885106 |  | 6350070 | 306175 | SH |  | SOLE |  | 217983 | 0 | 88192 |
| Pathward Financial Inc | COM | 59100U108 |  | 1494266 | 34710 | SH |  | SOLE |  | 17290 | 0 | 17420 |
| Patrick Industries | COM | 703343103 |  | 787800 | 13000 | SH |  | SOLE |  | 6480 | 0 | 6520 |
| Peoples Financial Services | COM | 711040105 |  | 3146989 | 60706 | SH |  | SOLE |  | 43206 | 0 | 17500 |
| Perdoceo Education Corp. | COM | 71363P106 |  | 1673699 | 120410 | SH |  | SOLE |  | 60060 | 0 | 60350 |
| Photronics Inc | COM | 719405102 |  | 4804443 | 285469 | SH |  | SOLE |  | 182929 | 0 | 102540 |
| ProFire Energy | COM | 74316X101 |  | 1857476 | 1752336 | SH |  | SOLE |  | 1247497 | 0 | 504839 |
| QCR Holdings Inc | COM | 74727A104 |  | 875153 | 17630 | SH |  | SOLE |  | 8700 | 0 | 8930 |
| Quantum Corp | COM | 747906501 |  | 1493750 | 1370413 | SH |  | SOLE |  | 974193 | 0 | 396220 |
| RMR Group Cls A | COM | 74967R106 |  | 806820 | 28560 | SH |  | SOLE |  | 14250 | 0 | 14310 |
| Red Robin Gourmet Burgers | COM | 75689M101 |  | 2380422 | 426599 | SH |  | SOLE |  | 302779 | 0 | 123820 |
| Resources Connection | COM | 76122Q105 |  | 1569836 | 85410 | SH |  | SOLE |  | 42490 | 0 | 42920 |
| Ribbon Communications Inc | COM | 762544104 |  | 390321 | 139900 | SH |  | SOLE |  | 69780 | 0 | 70120 |
| Rimini Street Inc. | COM | 76674Q107 |  | 5392381 | 1415323 | SH |  | SOLE |  | 962663 | 0 | 452660 |
| Riverview Bancorp | COM | 769397100 |  | 5719173 | 744684 | SH |  | SOLE |  | 530194 | 0 | 214490 |
| SP Plus Corp | COM | 78469C103 |  | 1589134 | 45770 | SH |  | SOLE |  | 22820 | 0 | 22950 |
| Shyft Group Inc | COM | 825698103 |  | 941448 | 37870 | SH |  | SOLE |  | 18890 | 0 | 18980 |
| Silvercrest Asset Mgmnt Grp Cl | COM | 828359109 |  | 6563788 | 349696 | SH |  | SOLE |  | 248969 | 0 | 100727 |
| Smith Micro Software | COM | 832154207 |  | 3979128 | 1894823 | SH |  | SOLE |  | 1346973 | 0 | 547850 |
| Stagwell Inc | COM | 85256A109 |  | 1416439 | 228090 | SH |  | SOLE |  | 113770 | 0 | 114320 |
| Standard Motor | COM | 853666105 |  | 649368 | 18660 | SH |  | SOLE |  | 9310 | 0 | 9350 |
| Sterling Infrastructure Inc | COM | 859241101 |  | 11394064 | 347380 | SH |  | SOLE |  | 234170 | 0 | 113210 |
| Strattec Security | COM | 863111100 |  | 3496028 | 170123 | SH |  | SOLE |  | 120913 | 0 | 49210 |
| Summit Financial Grp | COM | 86606G101 |  | 792249 | 31830 | SH |  | SOLE |  | 15820 | 0 | 16010 |
| Sunlight Financial hld Cls A | COM | 86738J106 |  | 1040937 | 806928 | SH |  | SOLE |  | 573908 | 0 | 233020 |
| System1 Inc | COM | 87200P109 |  | 1094036 | 233270 | SH |  | SOLE |  | 115130 | 0 | 118140 |
| Textainer Group Holdings | COM | G8766E109 |  | 1288466 | 41550 | SH |  | SOLE |  | 20730 | 0 | 20820 |
| Tilly's Inc Cls A | COM | 886885102 |  | 4413477 | 487677 | SH |  | SOLE |  | 347157 | 0 | 140520 |
| TrueBlue Inc | COM | 89785X101 |  | 1029516 | 52580 | SH |  | SOLE |  | 26160 | 0 | 26420 |
| Twin Disc Inc | COM | 901476101 |  | 5957631 | 612925 | SH |  | SOLE |  | 427275 | 0 | 185650 |
| USCB Financial Hlds | COM | 90355N101 |  | 4075971 | 334096 | SH |  | SOLE |  | 237876 | 0 | 96220 |
| Ultra Clean Holdings | COM | 90385V107 |  | 1338266 | 40370 | SH |  | SOLE |  | 20160 | 0 | 20210 |
| Unity Bancorp | COM | 913290102 |  | 6118716 | 223883 | SH |  | SOLE |  | 159393 | 0 | 64490 |
| Universal Electronics Inc | COM | 913483103 |  | 3903103 | 187559 | SH |  | SOLE |  | 127449 | 0 | 60110 |
| Univest Financial Corp | COM | 915271100 |  | 650114 | 24880 | SH |  | SOLE |  | 12410 | 0 | 12470 |
| Wabash National Corp. | COM | 929566107 |  | 1838510 | 81350 | SH |  | SOLE |  | 40550 | 0 | 40800 |
| West Bancorporation | COM | 95123P106 |  | 7421815 | 290482 | SH |  | SOLE |  | 196562 | 0 | 93920 |
| Whole Earth Brands Cls A | COM | 96684W100 |  | 5395310 | 1325629 | SH |  | SOLE |  | 893279 | 0 | 432350 |
| Zumiez Inc | COM | 989817101 |  | 601328 | 27660 | SH |  | SOLE |  | 13780 | 0 | 13880 |
| iShares Russell 2000 Value Ind | COM | 464287630 |  | 256956 | 1853 | SH |  | SOLE |  | 1853 | 0 | 0 |

---