# EDGAR Filing Document

**Accession Number:** 0001568555
**File Stem:** 0001398344-23-001883
**Filing Date:** 2023-2
**Character Count:** 17352
**Document Hash:** 6b6ee43647897c155cda3959229158e8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-001883.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001398344-23-001883

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**EFFECTIVENESS DATE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Monarch Partners Asset Management LLC
- **CENTRAL INDEX KEY:** 0001568555
- **IRS NUMBER:** 271468040
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15158
- **FILM NUMBER:** 23579463

**BUSINESS ADDRESS:**
- **STREET 1:** 77 SLEEPER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-419-2200

**MAIL ADDRESS:**
- **STREET 1:** 77 SLEEPER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

### 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:** Monarch Partners Asset Management LLC<br>**Address:** 77 SLEEPER STREET<br>BOSTON, MA 02210

**Form 13F File Number:** 028-15158

**CRD Number (if applicable):** 000152727

**SEC File Number (if applicable):** 801-71007

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:** So Chong Yi<br>**Title:** Chief Compliance Officer<br>**Phone:** 617-419-2215

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

/s/ So Chong Yi  Boston, MA  02-02-2023<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:** 133

**Form 13F Information Table Value Total:** $338598680

      (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 |
| ADDUS HOMECARE CORP | COM | 006739106 |  | 3570696 | 35890 | SH |  | SOLE |  | 25297 | 0 | 10593 |
| ADTRAN HOLDINGS INC | COM | 00486H105 |  | 4436582 | 236114 | SH |  | SOLE |  | 159240 | 0 | 76874 |
| AEROJET ROCKETDYNE HLDGS INC | COM | 007800105 |  | 1445567 | 25846 | SH |  | SOLE |  | 15411 | 0 | 10435 |
| AGIOS PHARMACEUTICALS INC | COM | 00847X104 |  | 1635548 | 58246 | SH |  | SOLE |  | 42911 | 0 | 15335 |
| AGREE RLTY CORP | COM | 008492100 |  | 686602 | 9680 | SH |  | SOLE |  | 9680 | 0 | 0 |
| AMERESCO INC | CL A | 02361E108 |  | 2431936 | 42561 | SH |  | SOLE |  | 26801 | 0 | 15760 |
| AMERICAN EAGLE OUTFITTERS IN | COM | 02553E106 |  | 1970384 | 141145 | SH |  | SOLE |  | 84450 | 0 | 56695 |
| AMERICAN NATL BANKSHARES INC | COM | 027745108 |  | 2823262 | 76449 | SH |  | SOLE |  | 56688 | 0 | 19761 |
| AMERICAN VANGUARD CORP | COM | 030371108 |  | 2803130 | 129117 | SH |  | SOLE |  | 94944 | 0 | 34173 |
| ARCUS BIOSCIENCES INC | COM | 03969F109 |  | 1216956 | 58847 | SH |  | SOLE |  | 43352 | 0 | 15495 |
| ARES COML REAL ESTATE CORP | COM | 04013V108 |  | 2434614 | 236600 | SH |  | SOLE |  | 175198 | 0 | 61402 |
| ATLAS TECHNICAL CONSULTANTS | COM CLS A | 049430101 |  | 1373253 | 266651 | SH |  | SOLE |  | 198053 | 0 | 68598 |
| ATN INTL INC | COM | 00215F107 |  | 2000799 | 44158 | SH |  | SOLE |  | 32639 | 0 | 11519 |
| BANDWIDTH INC | COM CL A | 05988J103 |  | 2496593 | 108784 | SH |  | SOLE |  | 72724 | 0 | 36060 |
| BAR HBR BANKSHARES | COM | 066849100 |  | 1050592 | 32790 | SH |  | SOLE |  | 24225 | 0 | 8565 |
| BARRETT BUSINESS SVCS INC | COM | 068463108 |  | 2233869 | 23948 | SH |  | SOLE |  | 18092 | 0 | 5856 |
| BATH  BODY WORKS INC | COM | 070830104 |  | 2513061 | 59636 | SH |  | SOLE |  | 35686 | 0 | 23950 |
| BELDEN INC | COM | 077454106 |  | 3036265 | 42229 | SH |  | SOLE |  | 25759 | 0 | 16470 |
| BERRY CORP | COM | 08579X101 |  | 1787664 | 223458 | SH |  | SOLE |  | 165823 | 0 | 57635 |
| BIOLIFE SOLUTIONS INC | COM NEW | 09062W204 |  | 2471323 | 135787 | SH |  | SOLE |  | 100491 | 0 | 35296 |
| BLACK HILLS CORP | COM | 092113109 |  | 2512615 | 35721 | SH |  | SOLE |  | 21355 | 0 | 14366 |
| BOOT BARN HLDGS INC | COM | 099406100 |  | 1988073 | 31799 | SH |  | SOLE |  | 19062 | 0 | 12737 |
| BRINKS CO | COM | 109696104 |  | 1824797 | 33975 | SH |  | SOLE |  | 21087 | 0 | 12888 |
| BRUNSWICK CORP | COM | 117043109 |  | 2998672 | 41602 | SH |  | SOLE |  | 24897 | 0 | 16705 |
| CAMBRIDGE BANCORP | COM | 132152109 |  | 2087630 | 25134 | SH |  | SOLE |  | 18640 | 0 | 6494 |
| CAPRI HOLDINGS LIMITED | SHS | G1890L107 |  | 1843010 | 32153 | SH |  | SOLE |  | 18727 | 0 | 13426 |
| CARETRUST REIT INC | COM | 14174T107 |  | 4879963 | 262646 | SH |  | SOLE |  | 177941 | 0 | 84705 |
| CASTLE BIOSCIENCES INC | COM | 14843C105 |  | 4006390 | 170195 | SH |  | SOLE |  | 117238 | 0 | 52957 |
| CELLDEX THERAPEUTICS INC NEW | COM NEW | 15117B202 |  | 2026999 | 45479 | SH |  | SOLE |  | 33614 | 0 | 11865 |
| CENTURY CASINOS INC | COM | 156492100 |  | 1595332 | 226932 | SH |  | SOLE |  | 168576 | 0 | 58356 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 396578 | 1820 | SH |  | SOLE |  | 1820 | 0 | 0 |
| CHATHAM LODGING TR | COM | 16208T102 |  | 2087937 | 170166 | SH |  | SOLE |  | 113220 | 0 | 56946 |
| CHEFS WHSE INC | COM | 163086101 |  | 4572605 | 137398 | SH |  | SOLE |  | 88161 | 0 | 49237 |
| COLLEGIUM PHARMACEUTICAL INC | COM | 19459J104 |  | 4155793 | 179129 | SH |  | SOLE |  | 132661 | 0 | 46468 |
| CONNECTONE BANCORP INC | COM | 20786W107 |  | 4213944 | 174058 | SH |  | SOLE |  | 116158 | 0 | 57900 |
| CRINETICS PHARMACEUTICALS IN | COM | 22663K107 |  | 2360224 | 128974 | SH |  | SOLE |  | 83733 | 0 | 45241 |
| CROCS INC | COM | 227046109 |  | 835128 | 7702 | SH |  | SOLE |  | 4616 | 0 | 3086 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 520904 | 1305 | SH |  | SOLE |  | 1305 | 0 | 0 |
| DESTINATION XL GROUP INC | COM | 25065K104 |  | 1493080 | 221197 | SH |  | SOLE |  | 163507 | 0 | 57690 |
| DUCOMMUN INC DEL | COM | 264147109 |  | 3585080 | 71759 | SH |  | SOLE |  | 53136 | 0 | 18623 |
| DYNAVAX TECHNOLOGIES CORP | COM NEW | 268158201 |  | 1296793 | 121879 | SH |  | SOLE |  | 90092 | 0 | 31787 |
| EARTHSTONE ENERGY INC | CL A | 27032D304 |  | 2190011 | 153901 | SH |  | SOLE |  | 92040 | 0 | 61861 |
| ENERGY RECOVERY INC | COM | 29270J100 |  | 1774352 | 86596 | SH |  | SOLE |  | 64325 | 0 | 22271 |
| ENPRO INDS INC | COM | 29355X107 |  | 1392102 | 12808 | SH |  | SOLE |  | 8206 | 0 | 4602 |
| ENTERPRISE BANCORP INC MASS | COM | 293668109 |  | 2122060 | 60115 | SH |  | SOLE |  | 44611 | 0 | 15504 |
| ENTRAVISION COMMUNICATIONS C | CL A | 29382R107 |  | 2506138 | 522112 | SH |  | SOLE |  | 386635 | 0 | 135477 |
| EVANS BANCORP INC | COM NEW | 29911Q208 |  | 2043401 | 54651 | SH |  | SOLE |  | 40559 | 0 | 14092 |
| EVOQUA WATER TECHNOLOGIES CO | COM | 30057T105 |  | 1545390 | 39025 | SH |  | SOLE |  | 23359 | 0 | 15666 |
| FIRST INTST BANCSYSTEM INC | COM CL A | 32055Y201 |  | 1401526 | 36262 | SH |  | SOLE |  | 21722 | 0 | 14540 |
| FIRST MERCHANTS CORP | COM | 320817109 |  | 2037782 | 49569 | SH |  | SOLE |  | 28639 | 0 | 20930 |
| FIVE9 INC | COM | 338307101 |  | 1726494 | 25442 | SH |  | SOLE |  | 15276 | 0 | 10166 |
| FOOT LOCKER INC | COM | 344849104 |  | 1546745 | 40930 | SH |  | SOLE |  | 24410 | 0 | 16520 |
| GRAPHIC PACKAGING HLDG CO | COM | 388689101 |  | 1466030 | 65889 | SH |  | SOLE |  | 39425 | 0 | 26464 |
| GREEN BRICK PARTNERS INC | COM | 392709101 |  | 2663071 | 109908 | SH |  | SOLE |  | 81243 | 0 | 28665 |
| GREEN PLAINS INC | COM | 393222104 |  | 4148763 | 136025 | SH |  | SOLE |  | 92771 | 0 | 43254 |
| GUARANTY BANCSHARES INC TEX | COM | 400764106 |  | 3386580 | 97765 | SH |  | SOLE |  | 72402 | 0 | 25363 |
| GXO LOGISTICS INCORPORATED | COMMON STOCK | 36262G101 |  | 2139409 | 50115 | SH |  | SOLE |  | 29985 | 0 | 20130 |
| HANCOCK WHITNEY CORPORATION | COM | 410120109 |  | 1863402 | 38508 | SH |  | SOLE |  | 17518 | 0 | 20990 |
| HARVARD BIOSCIENCE INC | COM | 416906105 |  | 1700328 | 613837 | SH |  | SOLE |  | 452223 | 0 | 161614 |
| HERITAGE COMM CORP | COM | 426927109 |  | 5285618 | 406586 | SH |  | SOLE |  | 271294 | 0 | 135292 |
| HESKA CORP | COM RESTRC NEW | 42805E306 |  | 1609136 | 25887 | SH |  | SOLE |  | 19070 | 0 | 6817 |
| HUDSON TECHNOLOGIES INC | COM | 444144109 |  | 4370342 | 431852 | SH |  | SOLE |  | 300065 | 0 | 131787 |
| HURON CONSULTING GROUP INC | COM | 447462102 |  | 4332623 | 59678 | SH |  | SOLE |  | 38760 | 0 | 20918 |
| I3 VERTICALS INC | COM CL A | 46571Y107 |  | 2606108 | 107071 | SH |  | SOLE |  | 79146 | 0 | 27925 |
| IDACORP INC | COM | 451107106 |  | 2403222 | 22283 | SH |  | SOLE |  | 13338 | 0 | 8945 |
| INDEPENDENCE RLTY TR INC | COM | 45378A106 |  | 2582699 | 153185 | SH |  | SOLE |  | 91675 | 0 | 61510 |
| INNOVIVA INC | COM | 45781M101 |  | 3731134 | 281595 | SH |  | SOLE |  | 191790 | 0 | 89805 |
| IRONWOOD PHARMACEUTICALS INC | COM CL A | 46333X108 |  | 3426814 | 276579 | SH |  | SOLE |  | 176019 | 0 | 100560 |
| IVERIC BIO INC | COM | 46583P102 |  | 3997375 | 186706 | SH |  | SOLE |  | 119441 | 0 | 67265 |
| KRYSTAL BIOTECH INC | COM | 501147102 |  | 4270354 | 53905 | SH |  | SOLE |  | 36385 | 0 | 17520 |
| LAKELAND BANCORP INC | COM | 511637100 |  | 3849194 | 218580 | SH |  | SOLE |  | 149972 | 0 | 68608 |
| LEONARDO DRS INC | COM | 52661A108 |  | 6921495 | 541588 | SH |  | SOLE |  | 362016 | 0 | 179572 |
| LIGAND PHARMACEUTICALS INC | COM NEW | 53220K504 |  | 4163444 | 62327 | SH |  | SOLE |  | 41633 | 0 | 20694 |
| LINDBLAD EXPEDITIONS HLDGS I | COM | 535219109 |  | 2079755 | 270098 | SH |  | SOLE |  | 161731 | 0 | 108367 |
| LOUISIANA PAC CORP | COM | 546347105 |  | 2403283 | 40596 | SH |  | SOLE |  | 24327 | 0 | 16269 |
| MAMMOTH ENERGY SVCS INC | COM | 56155L108 |  | 1695089 | 195964 | SH |  | SOLE |  | 144850 | 0 | 51114 |
| MASTERCRAFT BOAT HLDGS INC | COM | 57637H103 |  | 2951353 | 114084 | SH |  | SOLE |  | 84298 | 0 | 29786 |
| MERITAGE HOMES CORP | COM | 59001A102 |  | 2473910 | 26832 | SH |  | SOLE |  | 16500 | 0 | 10332 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 583218 | 3715 | SH |  | SOLE |  | 3715 | 0 | 0 |
| MODINE MFG CO | COM | 607828100 |  | 6571535 | 330893 | SH |  | SOLE |  | 221900 | 0 | 108993 |
| NETSTREIT CORP | COM | 64119V303 |  | 4626199 | 252384 | SH |  | SOLE |  | 164581 | 0 | 87803 |
| NEXPOINT REAL ESTATE FIN INC | COM | 65342V101 |  | 2344856 | 147568 | SH |  | SOLE |  | 108769 | 0 | 38799 |
| NORTHEAST BK LEWISTON ME | COM | 66405S100 |  | 2486216 | 59055 | SH |  | SOLE |  | 43505 | 0 | 15550 |
| NOVA LTD | COM | M7516K103 |  | 1454149 | 17803 | SH |  | SOLE |  | 13158 | 0 | 4645 |
| O-I GLASS INC | COM | 67098H104 |  | 1989328 | 120056 | SH |  | SOLE |  | 71929 | 0 | 48127 |
| OFG BANCORP | COM | 67103X102 |  | 1134507 | 41165 | SH |  | SOLE |  | 18727 | 0 | 22438 |
| OLD SECOND BANCORP INC ILL | COM | 680277100 |  | 3733679 | 232773 | SH |  | SOLE |  | 172306 | 0 | 60467 |
| OMNIAB INC | COM | 68218J103 |  | 1134694 | 315193 | SH |  | SOLE |  | 232894 | 0 | 82299 |
| OPPENHEIMER HLDGS INC | CL A NON VTG | 683797104 |  | 2990445 | 70646 | SH |  | SOLE |  | 52044 | 0 | 18602 |
| ORGANOGENESIS HLDGS INC | COM | 68621F102 |  | 816902 | 303681 | SH |  | SOLE |  | 223731 | 0 | 79950 |
| ORTHOPEDIATRICS CORP | COM | 68752L100 |  | 1834414 | 46172 | SH |  | SOLE |  | 34014 | 0 | 12158 |
| OXFORD INDS INC | COM | 691497309 |  | 4489412 | 48180 | SH |  | SOLE |  | 31655 | 0 | 16525 |
| PDC ENERGY INC | COM | 69327R101 |  | 1051610 | 16566 | SH |  | SOLE |  | 7539 | 0 | 9027 |
| PERION NETWORK LTD | SHS NEW | M78673114 |  | 2097750 | 82915 | SH |  | SOLE |  | 61083 | 0 | 21832 |
| PERSONALIS INC | COM | 71535D106 |  | 636384 | 321406 | SH |  | SOLE |  | 236789 | 0 | 84617 |
| PLAYA HOTELS  RESORTS NV | SHS | N70544106 |  | 2492005 | 381624 | SH |  | SOLE |  | 264111 | 0 | 117513 |
| PLYMOUTH INDL REIT INC | COM | 729640102 |  | 2987707 | 155772 | SH |  | SOLE |  | 115300 | 0 | 40472 |
| PMV PHARMACEUTICALS INC | COM | 69353Y103 |  | 2292006 | 263449 | SH |  | SOLE |  | 179595 | 0 | 83854 |
| PRIMIS FINANCIAL CORP | COM | 74167B109 |  | 2229542 | 188147 | SH |  | SOLE |  | 138459 | 0 | 49688 |
| PROTHENA CORP PLC | SHS | G72800108 |  | 2147611 | 35645 | SH |  | SOLE |  | 26795 | 0 | 8850 |
| PURE CYCLE CORP | COM NEW | 746228303 |  | 1962202 | 187233 | SH |  | SOLE |  | 137940 | 0 | 49293 |
| PVH CORPORATION | COM | 693656100 |  | 1975885 | 27991 | SH |  | SOLE |  | 16737 | 0 | 11254 |
| QCR HOLDINGS INC | COM | 74727A104 |  | 2437870 | 49111 | SH |  | SOLE |  | 31076 | 0 | 18035 |
| REGENXBIO INC | COM | 75901B107 |  | 1634412 | 72064 | SH |  | SOLE |  | 53269 | 0 | 18795 |
| RELAY THERAPEUTICS INC | COM | 75943R102 |  | 1271977 | 85139 | SH |  | SOLE |  | 62934 | 0 | 22205 |
| REX AMERICAN RES CORP | COM | 761624105 |  | 3529323 | 110776 | SH |  | SOLE |  | 73209 | 0 | 37567 |
| ROCKET PHARMACEUTICALS INC | COM | 77313F106 |  | 2226831 | 113788 | SH |  | SOLE |  | 77293 | 0 | 36495 |
| SCANSOURCE INC | COM | 806037107 |  | 1668462 | 57100 | SH |  | SOLE |  | 42064 | 0 | 15036 |
| SEASPINE HLDGS CORP | COM | 81255T108 |  | 2015498 | 241377 | SH |  | SOLE |  | 177823 | 0 | 63554 |
| SHORE BANCSHARES INC | COM | 825107105 |  | 3222058 | 184857 | SH |  | SOLE |  | 136871 | 0 | 47986 |
| SM ENERGY CO | COM | 78454L100 |  | 1593368 | 45747 | SH |  | SOLE |  | 29477 | 0 | 16270 |
| SOUTHSTATE CORPORATION | COM | 840441109 |  | 2024838 | 26517 | SH |  | SOLE |  | 14397 | 0 | 12120 |
| SOUTHERN FIRST BANCSHARES | COM | 842873101 |  | 2503120 | 54713 | SH |  | SOLE |  | 39604 | 0 | 15109 |
| STIFEL FINL CORP | COM | 860630102 |  | 2801060 | 47988 | SH |  | SOLE |  | 31623 | 0 | 16365 |
| STOCK YDS BANCORP INC | COM | 861025104 |  | 3382014 | 52047 | SH |  | SOLE |  | 34887 | 0 | 17160 |
| STONERIDGE INC | COM | 86183P102 |  | 2871749 | 133198 | SH |  | SOLE |  | 98704 | 0 | 34494 |
| SUNOPTA INC | COM | 8676EP108 |  | 4229875 | 501170 | SH |  | SOLE |  | 346435 | 0 | 154735 |
| TECNOGLASS INC | ORD SHS | G87264100 |  | 5685588 | 184777 | SH |  | SOLE |  | 125719 | 0 | 59058 |
| TETRA TECHNOLOGIES INC DEL | COM | 88162F105 |  | 2118596 | 612311 | SH |  | SOLE |  | 453313 | 0 | 158998 |
| TIMKENSTEEL CORPORATION | COM | 887399103 |  | 4362817 | 240111 | SH |  | SOLE |  | 162355 | 0 | 77756 |
| TRINET GROUP INC | COM | 896288107 |  | 1827007 | 26947 | SH |  | SOLE |  | 16109 | 0 | 10838 |
| ULTRA CLEAN HLDGS INC | COM | 90385V107 |  | 4806651 | 144997 | SH |  | SOLE |  | 95699 | 0 | 49298 |
| UNITED FIRE GROUP INC | COM | 910340108 |  | 3125579 | 114239 | SH |  | SOLE |  | 84544 | 0 | 29695 |
| UNITIL CORP | COM | 913259107 |  | 4419477 | 86049 | SH |  | SOLE |  | 57171 | 0 | 28878 |
| UNIVERSAL TECHNICAL INST INC | COM | 913915104 |  | 2399107 | 357010 | SH |  | SOLE |  | 263895 | 0 | 93115 |
| UNIVEST FINANCIAL CORPORATIO | COM | 915271100 |  | 3513335 | 134456 | SH |  | SOLE |  | 99552 | 0 | 34904 |
| UPLAND SOFTWARE INC | COM | 91544A109 |  | 1287871 | 180627 | SH |  | SOLE |  | 133084 | 0 | 47543 |
| U S SILICA HLDGS INC | COM | 90346E103 |  | 3802738 | 304219 | SH |  | SOLE |  | 202641 | 0 | 101578 |
| VALLEY NATL BANCORP | COM | 919794107 |  | 2401531 | 212337 | SH |  | SOLE |  | 122989 | 0 | 89348 |
| VERRA MOBILITY CORP | CL A COM STK | 92511U102 |  | 1348632 | 97515 | SH |  | SOLE |  | 58385 | 0 | 39130 |
| VERTEX INC | CL A | 92538J106 |  | 1382107 | 95252 | SH |  | SOLE |  | 70410 | 0 | 24842 |
| WINTRUST FINL CORP | COM | 97650W108 |  | 2485564 | 29408 | SH |  | SOLE |  | 17583 | 0 | 11825 |
| WNS HLDGS LTD | SPON ADR | 92932M101 |  | 1650594 | 20635 | SH |  | SOLE |  | 13286 | 0 | 7349 |

---