# EDGAR Filing Document

**Accession Number:** 0001037792
**File Stem:** 0001037792-23-000001
**Filing Date:** 2023-2
**Character Count:** 25978
**Document Hash:** d6a021120dfda50e201d12230ace395d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001037792-23-000001.hdr.sgml**: 20230203

**ACCESSION NUMBER**: 0001037792-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230203

**DATE AS OF CHANGE**: 20230203

**EFFECTIVENESS DATE**: 20230203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PARADIGM CAPITAL MANAGEMENT INC/NY
- **CENTRAL INDEX KEY:** 0001037792
- **IRS NUMBER:** 141770168
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06298
- **FILM NUMBER:** 23584918

**BUSINESS ADDRESS:**
- **STREET 1:** 9 ELK STREET
- **CITY:** ALBANY
- **STATE:** NY
- **ZIP:** 12207
- **BUSINESS PHONE:** 5184313500

**MAIL ADDRESS:**
- **STREET 1:** 9 ELK STREET
- **CITY:** ALBANY
- **STATE:** NY
- **ZIP:** 12207

### 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:** PARADIGM CAPITAL MANAGEMENT INC/NY<br>**Address:** 9 ELK STREET<br>ALBANY, NY 12207

**Form 13F File Number:** 028-06298

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:** Gregg A Miller<br>**Title:** CCO<br>**Phone:** 5184313534

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

Gregg A Miller  Albany, NY  02-03-2023<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:** 1

**Form 13F Information Table Entry Total:** 229

**Form 13F Information Table Value Total:** $1512164191

      (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.]

| No.   | Name                   | Form 13F File Number   |
|:---|:---|:---|
|  | Paradigm Funds Advisor |  |

### 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 |
| A10 Networks Inc. | COM | 002121101 |  | 1721205 | 103500 | SH |  | SOLE |  | 103500 | 0 | 0 |
| A10 Networks Inc. | COM | 002121101 |  | 5393109 | 324300 | SH |  | DFND | 01 | 0 | 324300 | 0 |
| Abbott Laboratories | COM | 002824100 |  | 867341 | 7900 | SH |  | SOLE |  | 7900 | 0 | 0 |
| Absolute Software Corp | COM | 00386B109 |  | 8473031 | 811593 | SH |  | SOLE |  | 811593 | 0 | 0 |
| Absolute Software Corp | COM | 00386B109 |  | 1152524 | 110395 | SH |  | DFND | 01 | 0 | 110395 | 0 |
| Addus homeCare Corporation | COM | 006739106 |  | 1469467 | 14770 | SH |  | SOLE |  | 14770 | 0 | 0 |
| Addus homeCare Corporation | COM | 006739106 |  | 3840314 | 38600 | SH |  | DFND | 01 | 0 | 38600 | 0 |
| Adeia Inc. | COM | 00676p107 |  | 124425 | 13125 | SH |  | SOLE |  | 13125 | 0 | 0 |
| Air Transport Services Group | COM | 00922R105 |  | 961260 | 37000 | SH |  | DFND | 01 | 0 | 37000 | 0 |
| Allegheny Technologies Inc | COM | 01741R102 |  | 470295 | 15750 | SH |  | DFND | 01 | 0 | 15750 | 0 |
| Amer Eagle Outfitters | COM | 02553E106 |  | 1464404 | 104900 | SH |  | SOLE |  | 104900 | 0 | 0 |
| Amer Eagle Outfitters | COM | 02553E106 |  | 2078644 | 148900 | SH |  | DFND | 01 | 0 | 148900 | 0 |
| American Financial Group | COM | 025932104 |  | 2549976 | 18575 | SH |  | SOLE |  | 18575 | 0 | 0 |
| American Financial Group | COM | 025932104 |  | 885456 | 6450 | SH |  | DFND | 01 | 0 | 6450 | 0 |
| American Woodmark Corporation | COM | 030506109 |  | 7539098 | 154300 | SH |  | SOLE |  | 154300 | 0 | 0 |
| AngioDynamics Inc. | COM | 03475V101 |  | 3408075 | 247500 | SH |  | SOLE |  | 247500 | 0 | 0 |
| AngioDynamics Inc. | COM | 03475V101 |  | 1514700 | 110000 | SH |  | DFND | 01 | 0 | 110000 | 0 |
| Atricure Inc | COM | 04963C209 |  | 1486730 | 33500 | SH |  | SOLE |  | 33500 | 0 | 0 |
| Atricure Inc | COM | 04963C209 |  | 2383206 | 53700 | SH |  | DFND | 01 | 0 | 53700 | 0 |
| AVIAT NETWORKS INC COM NEW | COM | 05366Y201 |  | 10781603 | 345675 | SH |  | SOLE |  | 345675 | 0 | 0 |
| AVIAT NETWORKS INC COM NEW | COM | 05366Y201 |  | 1559500 | 50000 | SH |  | DFND | 01 | 0 | 50000 | 0 |
| Axcelis Technologies Inc. | COM | 054540208 |  | 2698240 | 34000 | SH |  | SOLE |  | 34000 | 0 | 0 |
| Axcelis Technologies Inc. | COM | 054540208 |  | 3968000 | 50000 | SH |  | DFND | 01 | 0 | 50000 | 0 |
| Azenta Inc | COM | 114340102 |  | 215414 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| Azenta Inc | COM | 114340102 |  | 2206538 | 37900 | SH |  | DFND | 01 | 0 | 37900 | 0 |
| Banner Corp New | COM | 06652V208 |  | 632000 | 10000 | SH |  | DFND | 01 | 0 | 10000 | 0 |
| Baxter International | COM | 071813109 |  | 270141 | 5300 | SH |  | SOLE |  | 5300 | 0 | 0 |
| Best Buy Co | COM | 086516101 |  | 3392883 | 42300 | SH |  | SOLE |  | 42300 | 0 | 0 |
| Best Buy Co | COM | 086516101 |  | 3264547 | 40700 | SH |  | DFND | 01 | 0 | 40700 | 0 |
| Black Knight Inc. | COM | 09215C105 |  | 537596 | 8706 | SH |  | SOLE |  | 8706 | 0 | 0 |
| Black Knight Inc. | COM | 09215C105 |  | 111706 | 1809 | SH |  | DFND | 01 | 0 | 1809 | 0 |
| Boise Cascade Company | COM | 09739D100 |  | 3143369 | 45775 | SH |  | SOLE |  | 45775 | 0 | 0 |
| Boise Cascade Company | COM | 09739D100 |  | 2973411 | 43300 | SH |  | DFND | 01 | 0 | 43300 | 0 |
| Bristol-Myers Squibb | COM | 110122108 |  | 733890 | 10200 | SH |  | SOLE |  | 10200 | 0 | 0 |
| Broadcom Ltd | COM | 11135F101 |  | 45904573 | 82100 | SH |  | SOLE |  | 82100 | 0 | 0 |
| Builders Firstsource Inc | COM | 12008R107 |  | 10176428 | 156850 | SH |  | SOLE |  | 156850 | 0 | 0 |
| Builders Firstsource Inc | COM | 12008R107 |  | 5099568 | 78600 | SH |  | DFND | 01 | 0 | 78600 | 0 |
| Calamp Corp | COM | 128126109 |  | 4018560 | 897000 | SH |  | SOLE |  | 897000 | 0 | 0 |
| Calamp Corp | COM | 128126109 |  | 1344000 | 300000 | SH |  | DFND | 01 | 0 | 300000 | 0 |
| Caleres Inc | COM | 129500104 |  | 19163028 | 860100 | SH |  | SOLE |  | 860100 | 0 | 0 |
| Caleres Inc | COM | 129500104 |  | 4010400 | 180000 | SH |  | DFND | 01 | 0 | 180000 | 0 |
| Calix Inc | COM | 13100M509 |  | 50952978 | 744600 | SH |  | SOLE |  | 744600 | 0 | 0 |
| Calix Inc | COM | 13100M509 |  | 6158700 | 90000 | SH |  | DFND | 01 | 0 | 90000 | 0 |
| Cannae Holdings Inc. | COM | 13765N107 |  | 660800 | 32000 | SH |  | SOLE |  | 32000 | 0 | 0 |
| Cannae Holdings Inc. | COM | 13765N107 |  | 138355 | 6700 | SH |  | DFND | 01 | 0 | 6700 | 0 |
| Carpenter Technology Corp | COM | 144285103 |  | 509772 | 13800 | SH |  | DFND | 01 | 0 | 13800 | 0 |
| CDW Corporation | COM | 12514G108 |  | 535740 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| Ceragon Networks Ltd | COM | M22013102 |  | 66850 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| Cerence Inc. | COM | 156727109 |  | 2536757 | 136900 | SH |  | SOLE |  | 136900 | 0 | 0 |
| Cigna Corp New | COM | 125523100 |  | 894618 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| Citi Trends Inc. | COM | 17306X102 |  | 17736304 | 669800 | SH |  | SOLE |  | 669800 | 0 | 0 |
| Citi Trends Inc. | COM | 17306X102 |  | 1588800 | 60000 | SH |  | DFND | 01 | 0 | 60000 | 0 |
| Coherent Inc | COM | 19247g107 |  | 41909400 | 1194000 | SH |  | SOLE |  | 1194000 | 0 | 0 |
| Coherent Inc | COM | 19247g107 |  | 2386800 | 68000 | SH |  | DFND | 01 | 0 | 68000 | 0 |
| Cohu Inc. | COM | 192576106 |  | 19008823 | 593099 | SH |  | SOLE |  | 593099 | 0 | 0 |
| Cohu Inc. | COM | 192576106 |  | 1046432 | 32650 | SH |  | DFND | 01 | 0 | 32650 | 0 |
| Colgate-Palmolive | COM | 194162103 |  | 1560042 | 19800 | SH |  | SOLE |  | 19800 | 0 | 0 |
| Comcast Corporation Cl A | COM | 20030N101 |  | 405652 | 11600 | SH |  | SOLE |  | 11600 | 0 | 0 |
| Computer Programs  Systems | COM | 205306103 |  | 2602232 | 95600 | SH |  | SOLE |  | 95600 | 0 | 0 |
| Computer Programs  Systems | COM | 205306103 |  | 2177600 | 80000 | SH |  | DFND | 01 | 0 | 80000 | 0 |
| Concentrix Corp | COM | 20602D101 |  | 58857 | 442 | SH |  | SOLE |  | 442 | 0 | 0 |
| Concentrix Corp | COM | 20602D101 |  | 785644 | 5900 | SH |  | DFND | 01 | 0 | 5900 | 0 |
| Conduent Inc | COM | 206787103 |  | 567000 | 140000 | SH |  | DFND | 01 | 0 | 140000 | 0 |
| Consensus Cloud Solutions Inc | COM | 20848V105 |  | 663022 | 12333 | SH |  | SOLE |  | 12333 | 0 | 0 |
| Consensus Cloud Solutions Inc | COM | 20848V105 |  | 955100 | 17766 | SH |  | DFND | 01 | 0 | 17766 | 0 |
| Cross Country Healthcare Inc. | COM | 227483104 |  | 1400239 | 52700 | SH |  | SOLE |  | 52700 | 0 | 0 |
| Cross Country Healthcare Inc. | COM | 227483104 |  | 1461350 | 55000 | SH |  | DFND | 01 | 0 | 55000 | 0 |
| Cutera Inc. | COM | 232109108 |  | 12695562 | 287100 | SH |  | SOLE |  | 287100 | 0 | 0 |
| Cutera Inc. | COM | 232109108 |  | 4422000 | 100000 | SH |  | DFND | 01 | 0 | 100000 | 0 |
| Designer Brands Inc. CL A | COM | 250565108 |  | 297312 | 30400 | SH |  | SOLE |  | 30400 | 0 | 0 |
| Designer Brands Inc. CL A | COM | 250565108 |  | 498780 | 51000 | SH |  | DFND | 01 | 0 | 51000 | 0 |
| Ducommun Inc | COM | 264147109 |  | 30441377 | 609315 | SH |  | SOLE |  | 609315 | 0 | 0 |
| Ducommun Inc | COM | 264147109 |  | 5060948 | 101300 | SH |  | DFND | 01 | 0 | 101300 | 0 |
| Edwards Lifesciences Corporati | COM | 28176E108 |  | 955008 | 12800 | SH |  | SOLE |  | 12800 | 0 | 0 |
| EMCOR Group Inc. | COM | 29084Q100 |  | 5594855 | 37775 | SH |  | SOLE |  | 37775 | 0 | 0 |
| EMCOR Group Inc. | COM | 29084Q100 |  | 7849830 | 53000 | SH |  | DFND | 01 | 0 | 53000 | 0 |
| EnerSys | COM | 29275Y102 |  | 36432656 | 493400 | SH |  | SOLE |  | 493400 | 0 | 0 |
| EnerSys | COM | 29275Y102 |  | 1624480 | 22000 | SH |  | DFND | 01 | 0 | 22000 | 0 |
| Ensign Group Inc. | COM | 29358P101 |  | 30208973 | 319300 | SH |  | SOLE |  | 319300 | 0 | 0 |
| Ensign Group Inc. | COM | 29358P101 |  | 6348331 | 67100 | SH |  | DFND | 01 | 0 | 67100 | 0 |
| Entegris Inc | COM | 29362U104 |  | 33759173 | 514700 | SH |  | SOLE |  | 514700 | 0 | 0 |
| Entegris Inc | COM | 29362U104 |  | 1311800 | 20000 | SH |  | DFND | 01 | 0 | 20000 | 0 |
| Eton Pharmaceuticals Inc. | COM | 29772L108 |  | 840000 | 300000 | SH |  | DFND | 01 | 0 | 300000 | 0 |
| Express Inc. | COM | 30219E103 |  | 39168 | 38400 | SH |  | SOLE |  | 38400 | 0 | 0 |
| Extreme Networks | COM | 30226D106 |  | 94778053 | 5176300 | SH |  | SOLE |  | 5176300 | 0 | 0 |
| Extreme Networks | COM | 30226D106 |  | 7690200 | 420000 | SH |  | DFND | 01 | 0 | 420000 | 0 |
| Fabrinet | COM | G3323L100 |  | 68841318 | 536900 | SH |  | SOLE |  | 536900 | 0 | 0 |
| Fabrinet | COM | G3323L100 |  | 769320 | 6000 | SH |  | DFND | 01 | 0 | 6000 | 0 |
| Federal Signal Corp | COM | 313855108 |  | 4182300 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| Fidelity National Financial | COM | 31620R303 |  | 1068145 | 28393 | SH |  | SOLE |  | 28393 | 0 | 0 |
| Fidelity National Financial | COM | 31620R303 |  | 221958 | 5900 | SH |  | DFND | 01 | 0 | 5900 | 0 |
| First Merchants Corporation | COM | 320817109 |  | 1397740 | 34000 | SH |  | DFND | 01 | 0 | 34000 | 0 |
| Foot Locker Inc. | COM | 344849104 |  | 60464 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| Foot Locker Inc. | COM | 344849104 |  | 3952834 | 104600 | SH |  | DFND | 01 | 0 | 104600 | 0 |
| Formfactor Inc | COM | 346375108 |  | 3672396 | 165200 | SH |  | SOLE |  | 165200 | 0 | 0 |
| Fossil Group Inc. | COM | 34988V106 |  | 788652 | 182982 | SH |  | SOLE |  | 182982 | 0 | 0 |
| Fossil Group Inc. | COM | 34988V106 |  | 150419 | 34900 | SH |  | DFND | 01 | 0 | 34900 | 0 |
| Garmin LTD | COM | H2906T109 |  | 2980967 | 32300 | SH |  | SOLE |  | 32300 | 0 | 0 |
| Garmin LTD | COM | H2906T109 |  | 1670449 | 18100 | SH |  | DFND | 01 | 0 | 18100 | 0 |
| GATX Corp | COM | 361448103 |  | 79755 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| GATX Corp | COM | 361448103 |  | 1052766 | 9900 | SH |  | DFND | 01 | 0 | 9900 | 0 |
| Gen Digital Inc | COM | 668771108 |  | 1928700 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| Gentherm Inc | COM | 37253A103 |  | 979350 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| Globus Medical Inc Cl A new | COM | 379577208 |  | 43173151 | 581300 | SH |  | SOLE |  | 581300 | 0 | 0 |
| Globus Medical Inc Cl A new | COM | 379577208 |  | 6765997 | 91100 | SH |  | DFND | 01 | 0 | 91100 | 0 |
| Halozyme Therapeutics Inc. | COM | 40637H109 |  | 569000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| Harsco Corporation | COM | 415864107 |  | 5920286 | 941222 | SH |  | SOLE |  | 941222 | 0 | 0 |
| Harsco Corporation | COM | 415864107 |  | 1258000 | 200000 | SH |  | DFND | 01 | 0 | 200000 | 0 |
| Health Catalyst Inc. | COM | 42225t107 |  | 212600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| Hillenbrand Inc | COM | 431571108 |  | 3021036 | 70800 | SH |  | SOLE |  | 70800 | 0 | 0 |
| Hillenbrand Inc | COM | 431571108 |  | 844866 | 19800 | SH |  | DFND | 01 | 0 | 19800 | 0 |
| Hooker Furniture Corporation | COM | 439038100 |  | 1309000 | 70000 | SH |  | DFND | 01 | 0 | 70000 | 0 |
| IAC/ InterActiveCorp | COM | 44891N208 |  | 819180 | 18450 | SH |  | SOLE |  | 18450 | 0 | 0 |
| IAC/ InterActiveCorp | COM | 44891N208 |  | 927960 | 20900 | SH |  | DFND | 01 | 0 | 20900 | 0 |
| Infinera Corp | COM | 45667G103 |  | 12091560 | 1794000 | SH |  | SOLE |  | 1794000 | 0 | 0 |
| Infinera Corp | COM | 45667G103 |  | 4718000 | 700000 | SH |  | DFND | 01 | 0 | 700000 | 0 |
| Insight Enterprises | COM | 45765U103 |  | 57173954 | 570200 | SH |  | SOLE |  | 570200 | 0 | 0 |
| Insight Enterprises | COM | 45765U103 |  | 5885849 | 58700 | SH |  | DFND | 01 | 0 | 58700 | 0 |
| Invacare Corporation | COM | 461203101 |  | 147000 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| J Jill Group | COM | 46620W201 |  | 992000 | 40000 | SH |  | DFND | 01 | 0 | 40000 | 0 |
| Jabil Inc | COM | 466313103 |  | 40806311 | 598333 | SH |  | SOLE |  | 598333 | 0 | 0 |
| Jabil Inc | COM | 466313103 |  | 3191760 | 46800 | SH |  | DFND | 01 | 0 | 46800 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 5069855 | 28700 | SH |  | SOLE |  | 28700 | 0 | 0 |
| Kadant Inc. | COM | 48282T104 |  | 2664450 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| Kadant Inc. | COM | 48282T104 |  | 3303918 | 18600 | SH |  | DFND | 01 | 0 | 18600 | 0 |
| Kelly Services Inc Class A | COM | 488152208 |  | 1493960 | 88400 | SH |  | SOLE |  | 88400 | 0 | 0 |
| Kelly Services Inc Class A | COM | 488152208 |  | 3875592 | 229325 | SH |  | DFND | 01 | 0 | 229325 | 0 |
| Kforce Inc. | COM | 493732101 |  | 4364468 | 79600 | SH |  | SOLE |  | 79600 | 0 | 0 |
| Kforce Inc. | COM | 493732101 |  | 6420593 | 117100 | SH |  | DFND | 01 | 0 | 117100 | 0 |
| Kirkland's Inc. | COM | 497498105 |  | 141570 | 42900 | SH |  | SOLE |  | 42900 | 0 | 0 |
| Kratos Defense  Security Solu | COM | 50077B207 |  | 7926792 | 768100 | SH |  | SOLE |  | 768100 | 0 | 0 |
| Kulicke  Soffa Industries Inc | COM | 501242101 |  | 5406359 | 122150 | SH |  | SOLE |  | 122150 | 0 | 0 |
| Kulicke  Soffa Industries Inc | COM | 501242101 |  | 8086302 | 182700 | SH |  | DFND | 01 | 0 | 182700 | 0 |
| La Z Boy Inc | COM | 505336107 |  | 684600 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| Lantronix Inc. | COM | 516548203 |  | 172800 | 40000 | SH |  | DFND | 01 | 0 | 40000 | 0 |
| Lulu's Fashion Lounge | COM | 55003a108 |  | 157013 | 62555 | SH |  | DFND | 01 | 0 | 62555 | 0 |
| Lumentum Holdings Inc. | COM | 55024U109 |  | 1820733 | 34900 | SH |  | SOLE |  | 34900 | 0 | 0 |
| Lumentum Holdings Inc. | COM | 55024U109 |  | 1283382 | 24600 | SH |  | DFND | 01 | 0 | 24600 | 0 |
| Marvell Technology Inc. | COM | 573874104 |  | 3500280 | 94500 | SH |  | SOLE |  | 94500 | 0 | 0 |
| Marvell Technology Inc. | COM | 573874104 |  | 2803928 | 75700 | SH |  | DFND | 01 | 0 | 75700 | 0 |
| Masimo Corp | COM | 574795100 |  | 2892866 | 19553 | SH |  | SOLE |  | 19553 | 0 | 0 |
| Masimo Corp | COM | 574795100 |  | 1509090 | 10200 | SH |  | DFND | 01 | 0 | 10200 | 0 |
| MaxLinear Inc | COM | 57776J100 |  | 40264700 | 1186000 | SH |  | SOLE |  | 1186000 | 0 | 0 |
| MaxLinear Inc | COM | 57776J100 |  | 6396180 | 188400 | SH |  | DFND | 01 | 0 | 188400 | 0 |
| Mid America Apartment Communit | COM | 59522J103 |  | 3644523 | 23215 | SH |  | SOLE |  | 23215 | 0 | 0 |
| Mid America Apartment Communit | COM | 59522J103 |  | 3037756 | 19350 | SH |  | DFND | 01 | 0 | 19350 | 0 |
| MiMedx | COM | 602496101 |  | 4017934 | 1445300 | SH |  | SOLE |  | 1445300 | 0 | 0 |
| MiMedx | COM | 602496101 |  | 1112000 | 400000 | SH |  | DFND | 01 | 0 | 400000 | 0 |
| MKS Instruments Inc. | COM | 55306N104 |  | 3160429 | 37300 | SH |  | SOLE |  | 37300 | 0 | 0 |
| MKS Instruments Inc. | COM | 55306N104 |  | 1940317 | 22900 | SH |  | DFND | 01 | 0 | 22900 | 0 |
| Modine Manufacturing Co | COM | 607828100 |  | 42381240 | 2134000 | SH |  | SOLE |  | 2134000 | 0 | 0 |
| Modine Manufacturing Co | COM | 607828100 |  | 6156600 | 310000 | SH |  | DFND | 01 | 0 | 310000 | 0 |
| MYR Group Inc. | COM | 55405W104 |  | 736560 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| Natera Inc. | COM | 632307104 |  | 3788031 | 94300 | SH |  | SOLE |  | 94300 | 0 | 0 |
| Natera Inc. | COM | 632307104 |  | 2514642 | 62600 | SH |  | DFND | 01 | 0 | 62600 | 0 |
| National Bank Hldgs Corp Cl A | COM | 633707104 |  | 715190 | 17000 | SH |  | DFND | 01 | 0 | 17000 | 0 |
| Nature's Sunshine Products In | COM | 639027101 |  | 9031892 | 1085564 | SH |  | SOLE |  | 1085564 | 0 | 0 |
| Natures Sunshine Products In | COM | 639027101 |  | 332800 | 40000 | SH |  | DFND | 01 | 0 | 40000 | 0 |
| Neogen Corporation | COM | 640491106 |  | 304600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| Nextgen Healthcare Inc. | COM | 65343C102 |  | 10218198 | 544100 | SH |  | SOLE |  | 544100 | 0 | 0 |
| Nextgen Healthcare Inc. | COM | 65343C102 |  | 1878000 | 100000 | SH |  | DFND | 01 | 0 | 100000 | 0 |
| NN Inc. | COM | 629337106 |  | 3169350 | 2112900 | SH |  | SOLE |  | 2112900 | 0 | 0 |
| Nu Skin Enterprises Inc. | COM | 67018T105 |  | 210800 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| Ocular Therapeutix Inc. | COM | 67576a100 |  | 112400 | 40000 | SH |  | DFND | 01 | 0 | 40000 | 0 |
| Omnicell Inc | COM | 68213N109 |  | 18186494 | 360700 | SH |  | SOLE |  | 360700 | 0 | 0 |
| Omnicell Inc | COM | 68213N109 |  | 2823520 | 56000 | SH |  | DFND | 01 | 0 | 56000 | 0 |
| Onto Innovation Inc. | COM | 683344105 |  | 77825985 | 1142987 | SH |  | SOLE |  | 1142987 | 0 | 0 |
| Onto Innovation Inc. | COM | 683344105 |  | 5331447 | 78300 | SH |  | DFND | 01 | 0 | 78300 | 0 |
| Ooma Inc. | COM | 683416101 |  | 272400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| Orthopediatrics Corp | COM | 68752L100 |  | 198650 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| Orthopediatrics Corp | COM | 68752L100 |  | 778708 | 19600 | SH |  | DFND | 01 | 0 | 19600 | 0 |
| Pennant Group Inc. | COM | 70805E109 |  | 4261338 | 388100 | SH |  | SOLE |  | 388100 | 0 | 0 |
| Pennant Group Inc. | COM | 70805E109 |  | 1098000 | 100000 | SH |  | DFND | 01 | 0 | 100000 | 0 |
| PepsiCo Inc | COM | 713448108 |  | 307122 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| PerkinElmer Inc. | COM | 714046109 |  | 5068953 | 36150 | SH |  | SOLE |  | 36150 | 0 | 0 |
| PerkinElmer Inc. | COM | 714046109 |  | 6422076 | 45800 | SH |  | DFND | 01 | 0 | 45800 | 0 |
| Pitney Bowes | COM | 724479100 |  | 5706460 | 1501700 | SH |  | SOLE |  | 1501700 | 0 | 0 |
| Pitney Bowes | COM | 724479100 |  | 380000 | 100000 | SH |  | DFND | 01 | 0 | 100000 | 0 |
| Primoris Services Corp | COM | 74164F103 |  | 504620 | 23000 | SH |  | DFND | 01 | 0 | 23000 | 0 |
| Procter  Gamble | COM | 742718109 |  | 469836 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| Progress Software Corp | COM | 743312100 |  | 1841425 | 36500 | SH |  | SOLE |  | 36500 | 0 | 0 |
| Progress Software Corp | COM | 743312100 |  | 2169350 | 43000 | SH |  | DFND | 01 | 0 | 43000 | 0 |
| PTC Inc | COM | 69370C100 |  | 4801600 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| Pure Storage Inc. Class A | COM | 74624M102 |  | 722520 | 27000 | SH |  | SOLE |  | 27000 | 0 | 0 |
| Qorvo Inc. | COM | 74736K101 |  | 125083 | 1380 | SH |  | SOLE |  | 1380 | 0 | 0 |
| Qorvo Inc. | COM | 74736K101 |  | 2220680 | 24500 | SH |  | DFND | 01 | 0 | 24500 | 0 |
| R1 RCM Inc New | COM | 77634l105 |  | 34480455 | 3148900 | SH |  | SOLE |  | 3148900 | 0 | 0 |
| R1 RCM Inc New | COM | 77634l105 |  | 2080500 | 190000 | SH |  | DFND | 01 | 0 | 190000 | 0 |
| Radnet Inc | COM | 750491102 |  | 412377 | 21900 | SH |  | SOLE |  | 21900 | 0 | 0 |
| Radnet Inc | COM | 750491102 |  | 627039 | 33300 | SH |  | DFND | 01 | 0 | 33300 | 0 |
| Raytheon Technologies Corp | COM | 75513E101 |  | 235547 | 2334 | SH |  | SOLE |  | 2334 | 0 | 0 |
| Regal Rexnord Corporation | COM | 758750103 |  | 1522066 | 12686 | SH |  | SOLE |  | 12686 | 0 | 0 |
| Regal Rexnord Corporation | COM | 758750103 |  | 1463756 | 12200 | SH |  | DFND | 01 | 0 | 12200 | 0 |
| Renasant Corporation | COM | 75970E107 |  | 1052520 | 28000 | SH |  | DFND | 01 | 0 | 28000 | 0 |
| Ribbon Communications Inc | COM | 762544104 |  | 16566741 | 5937900 | SH |  | SOLE |  | 5937900 | 0 | 0 |
| Ribbon Communications Inc | COM | 762544104 |  | 1785600 | 640000 | SH |  | DFND | 01 | 0 | 640000 | 0 |
| Scansource Inc | COM | 806037107 |  | 11968512 | 409600 | SH |  | SOLE |  | 409600 | 0 | 0 |
| Scansource Inc | COM | 806037107 |  | 2337600 | 80000 | SH |  | DFND | 01 | 0 | 80000 | 0 |
| Sensient Technologies Corp | COM | 81725T100 |  | 2058167 | 28225 | SH |  | SOLE |  | 28225 | 0 | 0 |
| Sensient Technologies Corp | COM | 81725T100 |  | 3890282 | 53350 | SH |  | DFND | 01 | 0 | 53350 | 0 |
| SI-Bone Inc. | COM | 825704109 |  | 8364966 | 615071 | SH |  | SOLE |  | 615071 | 0 | 0 |
| SI-Bone Inc. | COM | 825704109 |  | 1088000 | 80000 | SH |  | DFND | 01 | 0 | 80000 | 0 |
| Silicon Motion Technology Corp | COM | 82706c108 |  | 1624750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| Silicon Motion Technology Corp | COM | 82706c108 |  | 649900 | 10000 | SH |  | DFND | 01 | 0 | 10000 | 0 |
| Skyworks Solutions Inc. | COM | 83088M102 |  | 3647478 | 40025 | SH |  | SOLE |  | 40025 | 0 | 0 |
| Skyworks Solutions Inc. | COM | 83088M102 |  | 2278250 | 25000 | SH |  | DFND | 01 | 0 | 25000 | 0 |
| Summit Materials Inc. Class a | COM | 86614U100 |  | 15166776 | 534229 | SH |  | SOLE |  | 534229 | 0 | 0 |
| Summit Materials Inc. Class a | COM | 86614U100 |  | 5154943 | 181576 | SH |  | DFND | 01 | 0 | 181576 | 0 |
| Tabula Rasa Healthcare Inc | COM | 873379101 |  | 683595 | 138100 | SH |  | DFND | 01 | 0 | 138100 | 0 |
| Tactile Systems Technology | COM | 87357P100 |  | 574000 | 50000 | SH |  | DFND | 01 | 0 | 50000 | 0 |
| TD SYNNEX Corporation | COM | 87162W100 |  | 8783595 | 92742 | SH |  | SOLE |  | 92742 | 0 | 0 |
| TD SYNNEX Corporation | COM | 87162W100 |  | 3213700 | 33932 | SH |  | DFND | 01 | 0 | 33932 | 0 |
| Teradyne Inc | COM | 880770102 |  | 5241000 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| Teradyne Inc | COM | 880770102 |  | 3109660 | 35600 | SH |  | DFND | 01 | 0 | 35600 | 0 |
| Tillys Inc | COM | 886885102 |  | 7039995 | 777900 | SH |  | SOLE |  | 777900 | 0 | 0 |
| TTM Technologies Inc. | COM | 87305R109 |  | 655980 | 43500 | SH |  | SOLE |  | 43500 | 0 | 0 |
| Ultra Clean Holdings Inc | COM | 90385V107 |  | 41859599 | 1262733 | SH |  | SOLE |  | 1262733 | 0 | 0 |
| Ultra Clean Holdings Inc | COM | 90385V107 |  | 3978000 | 120000 | SH |  | DFND | 01 | 0 | 120000 | 0 |
| Veeco Instruments | COM | 922417100 |  | 35450640 | 1908000 | SH |  | SOLE |  | 1908000 | 0 | 0 |
| Veeco Instruments | COM | 922417100 |  | 4087600 | 220000 | SH |  | DFND | 01 | 0 | 220000 | 0 |
| Veradigm Inc. | COM | 01988P108 |  | 352800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| Viemed Healthcare Inc. | COM | 92663R105 |  | 2268000 | 300000 | SH |  | DFND | 01 | 0 | 300000 | 0 |
| WESCO International Inc. | COM | 95082P105 |  | 5258400 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| Westlake Corp | COM | 960413102 |  | 1189464 | 11600 | SH |  | SOLE |  | 11600 | 0 | 0 |
| Westrock Co | COM | 96145D105 |  | 15745457 | 447823 | SH |  | SOLE |  | 447823 | 0 | 0 |
| Ziff-Davis Inc | COM | 48123V102 |  | 2784320 | 35200 | SH |  | SOLE |  | 35200 | 0 | 0 |
| Ziff-Davis Inc | COM | 48123V102 |  | 569520 | 7200 | SH |  | DFND | 01 | 0 | 7200 | 0 |
| Zurn Water Solutions Corp | COM | 98983L108 |  | 1670850 | 79000 | SH |  | SOLE |  | 79000 | 0 | 0 |
| Zurn Water Solutions Corp | COM | 98983L108 |  | 1742760 | 82400 | SH |  | DFND | 01 | 0 | 82400 | 0 |

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