# EDGAR Filing Document

**Accession Number:** 0001127761
**File Stem:** 0001376474-26-000161
**Filing Date:** 2026-2
**Character Count:** 20290
**Document Hash:** a63a4f6cd90a8e5c352b34e1a324aac9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001376474-26-000161.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001376474-26-000161

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**EFFECTIVENESS DATE**: 20260212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IRONWOOD INVESTMENT MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001127761

**ORGANIZATION NAME:**
- **EIN:** 043386084
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06155
- **FILM NUMBER:** 26624211

**BUSINESS ADDRESS:**
- **STREET 1:** 67 BATTERYMARCH STREET,
- **STREET 2:** 3RD FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6177577630

**MAIL ADDRESS:**
- **STREET 1:** 67 BATTERYMARCH STREET,
- **STREET 2:** 3RD FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IRONWOOD CAPITAL MANAGEMENT LLC
- **DATE OF NAME CHANGE:** 20001103

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** IRONWOOD INVESTMENT MANAGEMENT LLC<br>**Address:** 67 BATTERYMARCH STREET<br>3RD FLOOR<br>BOSTON, MA 02110

**Form 13F File Number:** 028-06155

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:** Shantelle Reidy<br>**Title:** Chief Compliance Officer<br>**Phone:** 617-757-7630

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

/s/ Shantelle Reidy  Boston, MA  02-12-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 172

**Form 13F Information Table Value Total:** $237833409

      (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 |
| A E S Corp | COM | 00130H105 |  | 247408 | 17253 | SH |  | SOLE |  | 17253 | 0 | 0 |
| ACI Worldwide Inc | COM | 004498101 |  | 1386681 | 29004 | SH |  | SOLE |  | 29004 | 0 | 0 |
| ASML Holding N.V. | COM | N07059210 |  | 1719265 | 1607 | SH |  | SOLE |  | 1607 | 0 | 0 |
| Agnico Eagle Mines Ltd Com | COM | 008474108 |  | 827476 | 4881 | SH |  | SOLE |  | 4881 | 0 | 0 |
| Alphabet Inc. Class A | COM | 02079K305 |  | 1763129 | 5633 | SH |  | SOLE |  | 5633 | 0 | 0 |
| Ameresco Inc. | COM | 02361E108 |  | 659933 | 22531 | SH |  | SOLE |  | 22531 | 0 | 0 |
| American Vanguard Corp | COM | 030371108 |  | 210314 | 55056 | SH |  | SOLE |  | 55056 | 0 | 0 |
| Amtech Systems Inc. | COM | 032332504 |  | 345589 | 27537 | SH |  | SOLE |  | 27537 | 0 | 0 |
| Anika Therapeutics Inc. | COM | 035255108 |  | 630512 | 65610 | SH |  | SOLE |  | 65610 | 0 | 0 |
| Apple Computer | COM | 037833100 |  | 499135 | 1836 | SH |  | SOLE |  | 1836 | 0 | 0 |
| Arrow Electronics | COM | 042735100 |  | 2412391 | 21895 | SH |  | SOLE |  | 21895 | 0 | 0 |
| Artisan Partners Asset MGMT | COM | 04316A108 |  | 541272 | 13286 | SH |  | SOLE |  | 13286 | 0 | 0 |
| Aspen Aerogels Inc. | COM | 04523Y105 |  | 360712 | 127460 | SH |  | SOLE |  | 127460 | 0 | 0 |
| Astronics Corporation | COM | 046433108 |  | 1615972 | 29793 | SH |  | SOLE |  | 29793 | 0 | 0 |
| Aurinia Pharmaceuticals | COM | 05156V102 |  | 1828189 | 114620 | SH |  | SOLE |  | 114620 | 0 | 0 |
| Auto Data Processing | COM | 053015103 |  | 1410649 | 5484 | SH |  | SOLE |  | 5484 | 0 | 0 |
| Avidia Bancorp | COM | 05369T100 |  | 910867 | 54186 | SH |  | SOLE |  | 54186 | 0 | 0 |
| Azenta Inc. | COM | 114340102 |  | 411326 | 12367 | SH |  | SOLE |  | 12367 | 0 | 0 |
| Babcock  Wilcox Enterprises | COM | 05614L209 |  | 319752 | 50434 | SH |  | SOLE |  | 50434 | 0 | 0 |
| Banc of California Inc | COM | 05990K106 |  | 635586 | 32949 | SH |  | SOLE |  | 32949 | 0 | 0 |
| Bank Of America Corp | COM | 060505104 |  | 314600 | 5720 | SH |  | SOLE |  | 5720 | 0 | 0 |
| Bank Of Ny Mellon Cp New | COM | 064058100 |  | 562688 | 4847 | SH |  | SOLE |  | 4847 | 0 | 0 |
| Barrett Business Services Inc. | COM | 068463108 |  | 2709667 | 74832 | SH |  | SOLE |  | 74832 | 0 | 0 |
| Beacon Financial Corporation | COM | 084680107 |  | 645749 | 24488 | SH |  | SOLE |  | 24488 | 0 | 0 |
| Belden Inc | COM | 077454106 |  | 1369579 | 11751 | SH |  | SOLE |  | 11751 | 0 | 0 |
| Boeing Company | COM | 097023105 |  | 383434 | 1766 | SH |  | SOLE |  | 1766 | 0 | 0 |
| Braemar Hotels Resorts | COM | 10482B101 |  | 1238244 | 431444 | SH |  | SOLE |  | 431444 | 0 | 0 |
| BridgeBio Pharma Inc. | COM | 10806X102 |  | 4726623 | 61794 | SH |  | SOLE |  | 61794 | 0 | 0 |
| Bristol-Myers Squibb Co | COM | 110122108 |  | 326175 | 6047 | SH |  | SOLE |  | 6047 | 0 | 0 |
| Burberry Group Plc | COM | 12082W204 |  | 279746 | 16417 | SH |  | SOLE |  | 16417 | 0 | 0 |
| Cabot Corp | COM | 127055101 |  | 1203048 | 18151 | SH |  | SOLE |  | 18151 | 0 | 0 |
| Cadence Bank | COM | 12740C103 |  | 1225053 | 28596 | SH |  | SOLE |  | 28596 | 0 | 0 |
| Callaway Golf Co. | COM | 131193104 |  | 665318 | 57011 | SH |  | SOLE |  | 57011 | 0 | 0 |
| Car Guru Inc. | COM | 141788109 |  | 413298 | 10777 | SH |  | SOLE |  | 10777 | 0 | 0 |
| Carriage Services Inc. | COM | 143905107 |  | 992696 | 23468 | SH |  | SOLE |  | 23468 | 0 | 0 |
| Carters Inc | COM | 146229109 |  | 242155 | 7467 | SH |  | SOLE |  | 7467 | 0 | 0 |
| Caterpillar Inc | COM | 149123101 |  | 401009 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| Church  Dwight Co Inc | COM | 171340102 |  | 807056 | 9625 | SH |  | SOLE |  | 9625 | 0 | 0 |
| Cisco Systems Inc | COM | 17275R102 |  | 1717538 | 22297 | SH |  | SOLE |  | 22297 | 0 | 0 |
| Citigroup Inc New | COM | 172967424 |  | 4150197 | 35566 | SH |  | SOLE |  | 35566 | 0 | 0 |
| Coherent Corp | COM | 19247G107 |  | 2272426 | 12312 | SH |  | SOLE |  | 12312 | 0 | 0 |
| Columbia Banking Systems | COM | 197236102 |  | 416790 | 14912 | SH |  | SOLE |  | 14912 | 0 | 0 |
| Commercial Vehicle Group | COM | 202608105 |  | 917338 | 637040 | SH |  | SOLE |  | 637040 | 0 | 0 |
| Compass Minerals International | COM | 20451N101 |  | 569756 | 29010 | SH |  | SOLE |  | 29010 | 0 | 0 |
| Cracker Barrel | COM | 22410J106 |  | 247650 | 9750 | SH |  | SOLE |  | 9750 | 0 | 0 |
| Cytokinetics Inc | COM | 23282W605 |  | 3636331 | 57229 | SH |  | SOLE |  | 57229 | 0 | 0 |
| Danaher | COM | 235851102 |  | 1182830 | 5167 | SH |  | SOLE |  | 5167 | 0 | 0 |
| Darling Ingredients Inc. | COM | 237266101 |  | 1532448 | 42568 | SH |  | SOLE |  | 42568 | 0 | 0 |
| Denali Therapeutics | COM | 24823R105 |  | 840904 | 50933 | SH |  | SOLE |  | 50933 | 0 | 0 |
| Disney (walt) | COM | 254687106 |  | 349843 | 3075 | SH |  | SOLE |  | 3075 | 0 | 0 |
| Duluth Holdings Inc | COM | 26443V101 |  | 73867 | 35513 | SH |  | SOLE |  | 35513 | 0 | 0 |
| Dycom Industries Inc | COM | 267475101 |  | 4855285 | 14369 | SH |  | SOLE |  | 14369 | 0 | 0 |
| Eaton Corporation | COM | G29183103 |  | 228053 | 716 | SH |  | SOLE |  | 716 | 0 | 0 |
| Evolent Health Inc. | COM | 30050B101 |  | 190828 | 47707 | SH |  | SOLE |  | 47707 | 0 | 0 |
| Evolv Technologies Holdings I | COM | 30049H102 |  | 2115336 | 295438 | SH |  | SOLE |  | 295438 | 0 | 0 |
| Expand Energy Corp. | COM | 165167735 |  | 225355 | 2042 | SH |  | SOLE |  | 2042 | 0 | 0 |
| Extreme Networks Inc. | COM | 30226D106 |  | 1720178 | 103314 | SH |  | SOLE |  | 103314 | 0 | 0 |
| Fastenal Co Com | COM | 311900104 |  | 1245595 | 31039 | SH |  | SOLE |  | 31039 | 0 | 0 |
| Fifth Third Bancorp Com | COM | 316773100 |  | 814400 | 17398 | SH |  | SOLE |  | 17398 | 0 | 0 |
| Fluor | COM | 343412102 |  | 236512 | 5968 | SH |  | SOLE |  | 5968 | 0 | 0 |
| Franco-Nevada | COM | 351858105 |  | 1826137 | 8810 | SH |  | SOLE |  | 8810 | 0 | 0 |
| Freshpet Inc. | COM | 358039105 |  | 2138826 | 35103 | SH |  | SOLE |  | 35103 | 0 | 0 |
| GE Vernova Inc. | COM | 36828A101 |  | 407173 | 623 | SH |  | SOLE |  | 623 | 0 | 0 |
| General Electric Company | COM | 369604301 |  | 778092 | 2526 | SH |  | SOLE |  | 2526 | 0 | 0 |
| General Mtrs Corp | COM | 37045V100 |  | 3700060 | 45500 | SH |  | SOLE |  | 45500 | 0 | 0 |
| Geospace Technologies | COM | 37364X109 |  | 621882 | 36776 | SH |  | SOLE |  | 36776 | 0 | 0 |
| Goldman Sachs Group | COM | 38141G104 |  | 825381 | 939 | SH |  | SOLE |  | 939 | 0 | 0 |
| Goodyear Tire  Rubber | COM | 382550101 |  | 2032320 | 232000 | SH |  | SOLE |  | 232000 | 0 | 0 |
| Griffon Corp | COM | 398433102 |  | 2680492 | 36395 | SH |  | SOLE |  | 36395 | 0 | 0 |
| Group 1 Automotive | COM | 398905109 |  | 5870789 | 14927 | SH |  | SOLE |  | 14927 | 0 | 0 |
| HP Inc. | COM | 40434L105 |  | 245035 | 10998 | SH |  | SOLE |  | 10998 | 0 | 0 |
| Hancock Whitney Corp | COM | 410120109 |  | 233196 | 3662 | SH |  | SOLE |  | 3662 | 0 | 0 |
| Hanover Insurance Group | COM | 410867105 |  | 1702503 | 9315 | SH |  | SOLE |  | 9315 | 0 | 0 |
| Hewlett Packard Enterprise Co. | COM | 42824C109 |  | 246157 | 10248 | SH |  | SOLE |  | 10248 | 0 | 0 |
| Hudbay Minerals | COM | 443628102 |  | 547483 | 27581 | SH |  | SOLE |  | 27581 | 0 | 0 |
| Impinj Inc. | COM | 453204109 |  | 2897963 | 16654 | SH |  | SOLE |  | 16654 | 0 | 0 |
| Intel Corp | COM | 458140100 |  | 256566 | 6953 | SH |  | SOLE |  | 6953 | 0 | 0 |
| Intercontinental Exchange Inc | COM | 45866F104 |  | 992977 | 6131 | SH |  | SOLE |  | 6131 | 0 | 0 |
| Intl Business Machines | COM | 459200101 |  | 1725126 | 5824 | SH |  | SOLE |  | 5824 | 0 | 0 |
| Ishares Russell 1000 Growth ET | COM | 464287614 |  | 547135 | 1156 | SH |  | SOLE |  | 1156 | 0 | 0 |
| Ishares Russell 2000 | COM | 464287655 |  | 6270188 | 25472 | SH |  | SOLE |  | 25472 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 241718 | 1168 | SH |  | SOLE |  | 1168 | 0 | 0 |
| Johnson Mathey PLC | COM | 479142507 |  | 226213 | 3941 | SH |  | SOLE |  | 3941 | 0 | 0 |
| Jpmorgan Chase  Co | COM | 46625H100 |  | 1016282 | 3154 | SH |  | SOLE |  | 3154 | 0 | 0 |
| KalVista Pharmaceuticals | COM | 483497103 |  | 269883 | 16711 | SH |  | SOLE |  | 16711 | 0 | 0 |
| Kohls | COM | 500255104 |  | 2261428 | 110800 | SH |  | SOLE |  | 110800 | 0 | 0 |
| Kopin Corporation | COM | 500600101 |  | 977647 | 417798 | SH |  | SOLE |  | 417798 | 0 | 0 |
| Koppers Holdings Inc. | COM | 50060P106 |  | 2096425 | 77416 | SH |  | SOLE |  | 77416 | 0 | 0 |
| Kornit Digital Ltd. | COM | M6372Q113 |  | 1068046 | 74273 | SH |  | SOLE |  | 74273 | 0 | 0 |
| LSB Industries | COM | 502160104 |  | 694169 | 81667 | SH |  | SOLE |  | 81667 | 0 | 0 |
| Leidos Holdings Inc. | COM | 525327102 |  | 595320 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| MYR Group | COM | 55405W104 |  | 3915301 | 17919 | SH |  | SOLE |  | 17919 | 0 | 0 |
| Marqeta Inc. | COM | 57142B104 |  | 120674 | 25405 | SH |  | SOLE |  | 25405 | 0 | 0 |
| Mckesson Corporation | COM | 58155Q103 |  | 2720902 | 3317 | SH |  | SOLE |  | 3317 | 0 | 0 |
| Merck  Co Inc New | COM | 58933Y105 |  | 367778 | 3494 | SH |  | SOLE |  | 3494 | 0 | 0 |
| Mercury Systems | COM | 589378108 |  | 2876156 | 39394 | SH |  | SOLE |  | 39394 | 0 | 0 |
| Meta Platforms Inc. | COM | 30303M102 |  | 455462 | 690 | SH |  | SOLE |  | 690 | 0 | 0 |
| Methode Electronics Inc. | COM | 591520200 |  | 192407 | 28977 | SH |  | SOLE |  | 28977 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 1988161 | 4111 | SH |  | SOLE |  | 4111 | 0 | 0 |
| Msci Eafe | COM | 464287465 |  | 11653433 | 121352 | SH |  | SOLE |  | 121352 | 0 | 0 |
| NCR Atleos Corp. | COM | 63001N106 |  | 1063574 | 27908 | SH |  | SOLE |  | 27908 | 0 | 0 |
| NCR Voyix Corp. | COM | 62886E108 |  | 825384 | 80920 | SH |  | SOLE |  | 80920 | 0 | 0 |
| NPK International Inc. | COM | 651718504 |  | 1691424 | 141898 | SH |  | SOLE |  | 141898 | 0 | 0 |
| NextDecade Corporation | COM | 65342K105 |  | 104984 | 19921 | SH |  | SOLE |  | 19921 | 0 | 0 |
| Northfield Bancorp | COM | 66611T108 |  | 167701 | 14672 | SH |  | SOLE |  | 14672 | 0 | 0 |
| Novo-Nordisk A/S | COM | 670100205 |  | 1022841 | 20103 | SH |  | SOLE |  | 20103 | 0 | 0 |
| Old Republic Intl Corp | COM | 680223104 |  | 1024983 | 22458 | SH |  | SOLE |  | 22458 | 0 | 0 |
| Onto Innovation | COM | 683344105 |  | 908011 | 5752 | SH |  | SOLE |  | 5752 | 0 | 0 |
| Oracle Corporation | COM | 68389X105 |  | 236036 | 1211 | SH |  | SOLE |  | 1211 | 0 | 0 |
| Otis Worldwide Corp | COM | 68902V107 |  | 1101571 | 12611 | SH |  | SOLE |  | 12611 | 0 | 0 |
| Pagaya Technologies Ltd. | COM | M7S64L123 |  | 1243613 | 59503 | SH |  | SOLE |  | 59503 | 0 | 0 |
| Pegasystems Inc | COM | 705573103 |  | 4740992 | 79387 | SH |  | SOLE |  | 79387 | 0 | 0 |
| Pepsico Incorporated | COM | 713448108 |  | 421949 | 2940 | SH |  | SOLE |  | 2940 | 0 | 0 |
| Pfizer Incorporated | COM | 717081103 |  | 1374231 | 55190 | SH |  | SOLE |  | 55190 | 0 | 0 |
| Pinnacle Financial Partners I | COM | 72348N109 |  | 1080709 | 11327 | SH |  | SOLE |  | 11327 | 0 | 0 |
| Pitney Bowes Inc | COM | 724479100 |  | 223862 | 21179 | SH |  | SOLE |  | 21179 | 0 | 0 |
| Porch Group Inc. | COM | 733245104 |  | 453487 | 49670 | SH |  | SOLE |  | 49670 | 0 | 0 |
| Progressive Corp Ohio | COM | 743315103 |  | 1311212 | 5758 | SH |  | SOLE |  | 5758 | 0 | 0 |
| Qorvo Inc. | COM | 74736K101 |  | 548808 | 6494 | SH |  | SOLE |  | 6494 | 0 | 0 |
| Quanterix Corp | COM | 74766Q101 |  | 1096019 | 172330 | SH |  | SOLE |  | 172330 | 0 | 0 |
| Remy Martin SA Unsponsored ADR | COM | 759655103 |  | 110389 | 25974 | SH |  | SOLE |  | 25974 | 0 | 0 |
| Resources Connection Inc. | COM | 76122Q105 |  | 160353 | 31816 | SH |  | SOLE |  | 31816 | 0 | 0 |
| Ribbon Communications | COM | 762544104 |  | 52848 | 18350 | SH |  | SOLE |  | 18350 | 0 | 0 |
| Russell 1000 Value Index Fund | COM | 464287598 |  | 392705 | 1867 | SH |  | SOLE |  | 1867 | 0 | 0 |
| S Global Inc. | COM | 78409V104 |  | 1123568 | 2150 | SH |  | SOLE |  | 2150 | 0 | 0 |
| SPS Commerce | COM | 78463M107 |  | 1009843 | 11330 | SH |  | SOLE |  | 11330 | 0 | 0 |
| Salesforce.com Inc | COM | 79466L302 |  | 1323755 | 4997 | SH |  | SOLE |  | 4997 | 0 | 0 |
| Schwab Emerging Mrkets Equity | COM | 808524706 |  | 268550 | 8200 | SH |  | SOLE |  | 8200 | 0 | 0 |
| Sm Energy Company | COM | 78454L100 |  | 1497683 | 80090 | SH |  | SOLE |  | 80090 | 0 | 0 |
| Somnigroup International Inc. | COM | 88023U101 |  | 4251603 | 47621 | SH |  | SOLE |  | 47621 | 0 | 0 |
| Sonos Inc. | COM | 83570H108 |  | 779717 | 44403 | SH |  | SOLE |  | 44403 | 0 | 0 |
| Sprout Social Inc. | COM | 85209W109 |  | 209002 | 18545 | SH |  | SOLE |  | 18545 | 0 | 0 |
| Steven Madden Ltd | COM | 556269108 |  | 1753960 | 42122 | SH |  | SOLE |  | 42122 | 0 | 0 |
| Sunopta Inc F | COM | 8676EP108 |  | 460670 | 121229 | SH |  | SOLE |  | 121229 | 0 | 0 |
| Super Micro Computer Inc. | COM | 86800U302 |  | 3069867 | 104881 | SH |  | SOLE |  | 104881 | 0 | 0 |
| TRI Pointe Group Inc. | COM | 87265H109 |  | 761920 | 24211 | SH |  | SOLE |  | 24211 | 0 | 0 |
| TTEC Holdings Inc | COM | 89854H102 |  | 83743 | 23262 | SH |  | SOLE |  | 23262 | 0 | 0 |
| Talos Energy Inc. | COM | 87484T108 |  | 176463 | 16013 | SH |  | SOLE |  | 16013 | 0 | 0 |
| Teledyne Tech Inc | COM | 879360105 |  | 1481628 | 2901 | SH |  | SOLE |  | 2901 | 0 | 0 |
| Tennant Co | COM | 880345103 |  | 464678 | 6305 | SH |  | SOLE |  | 6305 | 0 | 0 |
| Transcat Inc. | COM | 893529107 |  | 410782 | 7241 | SH |  | SOLE |  | 7241 | 0 | 0 |
| TriCo Bancshares | COM | 896095106 |  | 700839 | 14795 | SH |  | SOLE |  | 14795 | 0 | 0 |
| Trimas | COM | 896215209 |  | 666425 | 18799 | SH |  | SOLE |  | 18799 | 0 | 0 |
| Ttm Technologies Inc | COM | 87305R109 |  | 2344758 | 33982 | SH |  | SOLE |  | 33982 | 0 | 0 |
| Tutor Perini Corp | COM | 901109108 |  | 2726038 | 40675 | SH |  | SOLE |  | 40675 | 0 | 0 |
| UFP Industries | COM | 90278Q108 |  | 1338435 | 14700 | SH |  | SOLE |  | 14700 | 0 | 0 |
| Unisys Corp | COM | 909214306 |  | 153354 | 55563 | SH |  | SOLE |  | 55563 | 0 | 0 |
| United Natural Foods | COM | 911163103 |  | 503468 | 14953 | SH |  | SOLE |  | 14953 | 0 | 0 |
| Valneva SE ADR | COM | 92025Y103 |  | 221691 | 25135 | SH |  | SOLE |  | 25135 | 0 | 0 |
| Vanguard FTSE Emerging Markets | COM | 922042858 |  | 3576599 | 66529 | SH |  | SOLE |  | 66529 | 0 | 0 |
| Vanguard Total Stock Market ET | COM | 922908769 |  | 16988131 | 50670 | SH |  | SOLE |  | 50670 | 0 | 0 |
| Vicor Corp | COM | 925815102 |  | 3414917 | 31158 | SH |  | SOLE |  | 31158 | 0 | 0 |
| Visa Cl A | COM | 92826C839 |  | 1245722 | 3552 | SH |  | SOLE |  | 3552 | 0 | 0 |
| WSFS Financial Corp | COM | 929328102 |  | 512075 | 9270 | SH |  | SOLE |  | 9270 | 0 | 0 |
| Watts Water Tech Inc A Class A | COM | 942749102 |  | 2011634 | 7288 | SH |  | SOLE |  | 7288 | 0 | 0 |
| Western Digital Corp | COM | 958102105 |  | 213615 | 1240 | SH |  | SOLE |  | 1240 | 0 | 0 |
| Westgold Resources Ltd. | COM | Q97159232 |  | 527983 | 122944 | SH |  | SOLE |  | 122944 | 0 | 0 |
| Wheaton Precious Metals Corp. | COM | 962879102 |  | 907842 | 7725 | SH |  | SOLE |  | 7725 | 0 | 0 |
| Williams Sonoma | COM | 969904101 |  | 1942523 | 10877 | SH |  | SOLE |  | 10877 | 0 | 0 |
| Zeta Global Holdings Corp. | COM | 98956A105 |  | 1325721 | 65146 | SH |  | SOLE |  | 65146 | 0 | 0 |
| Zoetis Inc. | COM | 98978V103 |  | 1087462 | 8643 | SH |  | SOLE |  | 8643 | 0 | 0 |
| Zscaler Inc. | COM | 98980G102 |  | 1340973 | 5962 | SH |  | SOLE |  | 5962 | 0 | 0 |
| iShares 0-3 Month Treasury Bon | COM | 46436E718 |  | 749638 | 7468 | SH |  | SOLE |  | 7468 | 0 | 0 |
| iShares Russell 3000 ETF | COM | 464287689 |  | 4161732 | 10758 | SH |  | SOLE |  | 10758 | 0 | 0 |
| iShares Short Treasury Bond ET | COM | 464288679 |  | 6930308 | 62917 | SH |  | SOLE |  | 62917 | 0 | 0 |
| indie Semiconductor Inc. | COM | 45569U101 |  | 720011 | 203969 | SH |  | SOLE |  | 203969 | 0 | 0 |
| American Funds New Perspective | OTHER | 648018109 |  | 426757 | 6044 | SH |  | SOLE |  | 6044 | 0 | 0 |
| Fidelity Total Market Index Fu | OTHER | 315911693 |  | 2420208 | 12953 | SH |  | SOLE |  | 12953 | 0 | 0 |
| Legg Mason WA US TSY Res Inst | OTHER | 52470G841 |  | 199521 | 199521 | SH |  | SOLE |  | 199521 | 0 | 0 |
| Nuveen Large Cap Value Index F | OTHER | 87244W664 |  | 251289 | 8981 | SH |  | SOLE |  | 8981 | 0 | 0 |
| Vanguard Developed Markets Ind | OTHER | 921943809 |  | 673980 | 33581 | SH |  | SOLE |  | 33581 | 0 | 0 |
| Cartesian Therapeutics CVR | OTHER | 816212112 |  | 0 | 170087 | SH |  | SOLE |  | 170087 | 0 | 0 |

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