# EDGAR Filing Document

**Accession Number:** 0000937886
**File Stem:** 0001213900-25-111225
**Filing Date:** 2025-11
**Character Count:** 21881
**Document Hash:** 6c18b456eb686c51ec6193eeba100bad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-111225.hdr.sgml**: 20251117

**ACCESSION NUMBER**: 0001213900-25-111225

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251117

**DATE AS OF CHANGE**: 20251117

**EFFECTIVENESS DATE**: 20251117

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OBERWEIS ASSET MANAGEMENT INC/
- **CENTRAL INDEX KEY:** 0000937886

**ORGANIZATION NAME:**
- **EIN:** 364106772
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-04688
- **FILM NUMBER:** 251489216

**BUSINESS ADDRESS:**
- **STREET 1:** 3333 WARRENVILLE ROAD
- **STREET 2:** SUITE 500
- **CITY:** LISLE
- **STATE:** IL
- **ZIP:** 60532
- **BUSINESS PHONE:** 6305772300

**MAIL ADDRESS:**
- **STREET 1:** 3333 WARRENVILLE ROAD
- **STREET 2:** SUITE 500
- **CITY:** LISLE
- **STATE:** IL
- **ZIP:** 60532

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** OBERWEIS ASSET MANAGEMENT INC/<br>**Address:** 3333 Warrenville Road<br>Suite 500<br>Lisle, IL 60532

**Form 13F File Number:** 028-04688

**CRD Number (if applicable):** 000105471

**SEC File Number (if applicable):** 801-35657

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:** Thomas P. Joyce<br>**Title:** Chief Compliance Officer<br>**Phone:** 800-323-6166

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

/s/ Thomas P. Joyce  Lisle, IL  11-17-2025<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:** 183

**Form 13F Information Table Value Total:** $2611720449

      (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 |
| 1st Source Corp. | COM | 336901103 |  | 5091012 | 82700 | SH |  | SOLE |  | 82700 | 0 | 0 |
| AAR Corp. | COM | 000361105 |  | 21206955 | 236500 | SH |  | SOLE |  | 236500 | 0 | 0 |
| ACI Worldwide Inc. | COM | 004498101 |  | 17451145 | 330702 | SH |  | SOLE |  | 330702 | 0 | 0 |
| ADMA Biologics Inc. | COM | 000899104 |  | 39758506 | 2712040 | SH |  | SOLE |  | 2663660 | 0 | 48380 |
| ANI Pharmaceuticals Inc. | COM | 00182C103 |  | 12723240 | 138900 | SH |  | SOLE |  | 138900 | 0 | 0 |
| Adaptive Biotechnologies | COM | 00650F109 |  | 10868440 | 726500 | SH |  | SOLE |  | 726500 | 0 | 0 |
| Addus Homecare Corp. | COM | 006739106 |  | 9226818 | 78200 | SH |  | SOLE |  | 78200 | 0 | 0 |
| Advanced Energy Industry Inc. | COM | 007973100 |  | 11858758 | 69700 | SH |  | SOLE |  | 69700 | 0 | 0 |
| Aflac Inc. | COM | 001055102 |  | 223400 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| Alpha  Omega Semiconductor | COM | G6331P104 |  | 7579956 | 271100 | SH |  | SOLE |  | 271100 | 0 | 0 |
| Alphabet Inc. Cl A | COM | 02079k305 |  | 461890 | 1900 | SH |  | SOLE |  | 0 | 0 | 1900 |
| Alphabet Inc. Cl C | COM | 02079k107 |  | 394551 | 1620 | SH |  | SOLE |  | 0 | 0 | 1620 |
| Alphatec Hldgs Inc. | COM | 02081G201 |  | 6704714 | 461122 | SH |  | SOLE |  | 461122 | 0 | 0 |
| Ambarella Inc. | COM | G037AX101 |  | 50449427 | 611360 | SH |  | SOLE |  | 595370 | 0 | 15990 |
| American Eagle Outfitters | COM | 02553E106 |  | 8281240 | 484000 | SH |  | SOLE |  | 484000 | 0 | 0 |
| American Superconductor | COM | 030111207 |  | 39535923 | 665700 | SH |  | SOLE |  | 665700 | 0 | 0 |
| Ameris Bancorp | COM | 03076K108 |  | 11465684 | 156400 | SH |  | SOLE |  | 156400 | 0 | 0 |
| Amgen Inc. | COM | 031162100 |  | 291916 | 1034 | SH |  | SOLE |  | 0 | 0 | 1034 |
| Apple Inc. | COM | 037833100 |  | 862601 | 3388 | SH |  | SOLE |  | 120 | 0 | 3268 |
| Applied Optoelectronics Inc. | COM | 03823U102 |  | 48956903 | 1888041 | SH |  | SOLE |  | 1888041 | 0 | 0 |
| Arcosa Inc. | COM | 039653100 |  | 20766136 | 221600 | SH |  | SOLE |  | 221600 | 0 | 0 |
| Argan Inc | COM | 04010E109 |  | 16357180 | 60571 | SH |  | SOLE |  | 60571 | 0 | 0 |
| Aris Water Solutions Inc. | COM | 04041L106 |  | 547486 | 22201 | SH |  | SOLE |  | 22201 | 0 | 0 |
| Artivion Inc | COM | 228903100 |  | 8967612 | 211800 | SH |  | SOLE |  | 211800 | 0 | 0 |
| Assurant Inc. | COM | 04621X108 |  | 17977800 | 83000 | SH |  | SOLE |  | 83000 | 0 | 0 |
| Atricure Inc. | COM | 04963C209 |  | 5410875 | 153500 | SH |  | SOLE |  | 153500 | 0 | 0 |
| AvePoint Inc. | COM | 053604104 |  | 4447463 | 296300 | SH |  | SOLE |  | 296300 | 0 | 0 |
| AxoGen Inc. | COM | 05463X106 |  | 5853304 | 328100 | SH |  | SOLE |  | 328100 | 0 | 0 |
| Backblaze Inc. | COM | 05637B105 |  | 4999136 | 538700 | SH |  | SOLE |  | 538700 | 0 | 0 |
| Badger Meter | COM | 056525108 |  | 12966694 | 72610 | SH |  | SOLE |  | 72610 | 0 | 0 |
| Bank of New York Mellon Corp. | COM | 064058100 |  | 284135 | 2608 | SH |  | SOLE |  | 0 | 0 | 2608 |
| Bioventus Inc. | COM | 09075A108 |  | 4025467 | 601714 | SH |  | SOLE |  | 601714 | 0 | 0 |
| Blue Bird Corporation | COM | 095306106 |  | 21489170 | 373400 | SH |  | SOLE |  | 373400 | 0 | 0 |
| Boot Barn Hldgs Inc. | COM | 099406100 |  | 6976812 | 42100 | SH |  | SOLE |  | 42100 | 0 | 0 |
| Box Inc. | COM | 10316T104 |  | 21050366 | 652320 | SH |  | SOLE |  | 652320 | 0 | 0 |
| BrightSpring Health Services | COM | 10950A106 |  | 26840480 | 908000 | SH |  | SOLE |  | 908000 | 0 | 0 |
| Build A Bear | COM | 120076104 |  | 5973236 | 91600 | SH |  | SOLE |  | 91600 | 0 | 0 |
| CECO Environmental Corp. | COM | 125141101 |  | 4710810 | 92008 | SH |  | SOLE |  | 92008 | 0 | 0 |
| CRA Int'l Inc. | COM | 12618T105 |  | 7277697 | 34900 | SH |  | SOLE |  | 34900 | 0 | 0 |
| Cadence Design System Inc. | COM | 127387108 |  | 2599324 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| Camtek Ltd. | COM | M20791105 |  | 22436579 | 213580 | SH |  | SOLE |  | 213580 | 0 | 0 |
| CarGurus Inc. | COM | 141788109 |  | 19300032 | 518400 | SH |  | SOLE |  | 518400 | 0 | 0 |
| Carpenter Technology Corp. | COM | 144285103 |  | 20284327 | 82611 | SH |  | SOLE |  | 82611 | 0 | 0 |
| Catalyst Pharmaceuticals Inc. | COM | 14888U101 |  | 10412632 | 528560 | SH |  | SOLE |  | 519600 | 0 | 8960 |
| Caterpillar Inc. | COM | 149123101 |  | 203224 | 426 | SH |  | SOLE |  | 0 | 0 | 426 |
| Cellebrite DI Ltd. | COM | M2197Q107 |  | 7681612 | 414550 | SH |  | SOLE |  | 383700 | 0 | 30850 |
| Clean Harbors Inc. | COM | 184496107 |  | 27116329 | 116770 | SH |  | SOLE |  | 109540 | 0 | 7230 |
| Climb Global Solutions Inc. | COM | 946760105 |  | 4382300 | 32500 | SH |  | SOLE |  | 32500 | 0 | 0 |
| CommScope Holding Company Inc | COM | 20337X109 |  | 12243318 | 790912 | SH |  | SOLE |  | 790912 | 0 | 0 |
| Commerce Bancshares Inc. | COM | 200525103 |  | 10570946 | 176890 | SH |  | SOLE |  | 176890 | 0 | 0 |
| Commvault Systems Inc. | COM | 204166102 |  | 24277108 | 128600 | SH |  | SOLE |  | 128600 | 0 | 0 |
| CorMedix Inc. | COM | 21900C308 |  | 9137691 | 785700 | SH |  | SOLE |  | 785700 | 0 | 0 |
| Coursera Inc. | COM | 22266M104 |  | 6569310 | 561000 | SH |  | SOLE |  | 561000 | 0 | 0 |
| Credo Technology Group | COM | G25457105 |  | 93765268 | 643948 | SH |  | SOLE |  | 618258 | 0 | 25690 |
| Dave Inc. | COM | 23834J201 |  | 9094746 | 45622 | SH |  | SOLE |  | 45622 | 0 | 0 |
| Digital Ocean Holdings Inc. | COM | 25402D102 |  | 26371520 | 772000 | SH |  | SOLE |  | 746930 | 0 | 25070 |
| Diodes Inc. | COM | 254543101 |  | 11637027 | 218700 | SH |  | SOLE |  | 218700 | 0 | 0 |
| Ducommun Inc. | COM | 264147109 |  | 9199641 | 95700 | SH |  | SOLE |  | 95700 | 0 | 0 |
| Dutch Bros. Inc. | COM | 26701L100 |  | 21171530 | 404500 | SH |  | SOLE |  | 404500 | 0 | 0 |
| EZCorp Inc. | COM | 302301106 |  | 13051920 | 685500 | SH |  | SOLE |  | 685500 | 0 | 0 |
| Encompass Health Corporation | COM | 29261A100 |  | 45574824 | 358800 | SH |  | SOLE |  | 347620 | 0 | 11180 |
| Eton Pharmaceuticals Inc. | COM | 29772L108 |  | 4179983 | 192360 | SH |  | SOLE |  | 192360 | 0 | 0 |
| Everus Construction Group | COM | 300426103 |  | 22277850 | 259800 | SH |  | SOLE |  | 259800 | 0 | 0 |
| Evolv Technologies Holdings | COM | 30049H102 |  | 7160420 | 948400 | SH |  | SOLE |  | 948400 | 0 | 0 |
| Exlservice Holdings | COM | 302081104 |  | 8559432 | 194400 | SH |  | SOLE |  | 194400 | 0 | 0 |
| Expro Group Holdings N.V. | COM | N3144W105 |  | 5173740 | 435500 | SH |  | SOLE |  | 435500 | 0 | 0 |
| FB Financial Corp. | COM | 30257X104 |  | 6883890 | 123500 | SH |  | SOLE |  | 123500 | 0 | 0 |
| Fabrinet | COM | G3323L100 |  | 16736058 | 45900 | SH |  | SOLE |  | 45900 | 0 | 0 |
| Federal Signal Corp. | COM | 313855108 |  | 19811835 | 166500 | SH |  | SOLE |  | 166500 | 0 | 0 |
| First Merchants Corporation | COM | 320817109 |  | 7389200 | 196000 | SH |  | SOLE |  | 196000 | 0 | 0 |
| FirstCash Holdings Inc | COM | 33768G107 |  | 15493476 | 97800 | SH |  | SOLE |  | 97800 | 0 | 0 |
| Five9 Inc. | COM | 338307101 |  | 9597720 | 396600 | SH |  | SOLE |  | 396600 | 0 | 0 |
| Flowserve Corporation | COM | 34354P105 |  | 21749393 | 409285 | SH |  | SOLE |  | 391207 | 0 | 18078 |
| Freshworks Inc. | COM | 358054104 |  | 24239962 | 2059470 | SH |  | SOLE |  | 1990120 | 0 | 69350 |
| Frontdoor Inc. | COM | 35905A109 |  | 41104769 | 610860 | SH |  | SOLE |  | 607900 | 0 | 2960 |
| Futu Holdings Ltd. | COM | 36118L106 |  | 1913010 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| Genedx Holdings Corp. | COM | 81663L200 |  | 20892941 | 193920 | SH |  | SOLE |  | 193920 | 0 | 0 |
| Genius Sports Ltd. | COM | G3934V109 |  | 12566938 | 1015100 | SH |  | SOLE |  | 1015100 | 0 | 0 |
| Genpact Ltd. | COM | G3922B107 |  | 21648752 | 516800 | SH |  | SOLE |  | 515900 | 0 | 900 |
| Grand Canyon Education Inc. | COM | 38526M106 |  | 21908096 | 99800 | SH |  | SOLE |  | 99800 | 0 | 0 |
| Green Dot Corp. Cl A | COM | 39304D102 |  | 13031129 | 970300 | SH |  | SOLE |  | 970300 | 0 | 0 |
| Halozyme Therapeutics Inc. | COM | 40637H109 |  | 8623317 | 117580 | SH |  | SOLE |  | 117580 | 0 | 0 |
| Hawkins Inc. | COM | 420261109 |  | 8350304 | 45700 | SH |  | SOLE |  | 45700 | 0 | 0 |
| HealthEquity Inc. | COM | 42226A107 |  | 13275382 | 140080 | SH |  | SOLE |  | 140080 | 0 | 0 |
| Hesai Group | COM | 428050108 |  | 786800 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| Huron Consulting Group Inc. | COM | 447462102 |  | 5944185 | 40500 | SH |  | SOLE |  | 40500 | 0 | 0 |
| IBEX Ltd. | COM | g4690m101 |  | 9562720 | 236000 | SH |  | SOLE |  | 236000 | 0 | 0 |
| ICU Medical Inc. | COM | 44930G107 |  | 17889635 | 149130 | SH |  | SOLE |  | 144660 | 0 | 4470 |
| Imax Corp. | COM | 45245E109 |  | 18981900 | 579600 | SH |  | SOLE |  | 579600 | 0 | 0 |
| Impinj Inc. | COM | 453204109 |  | 19361940 | 107120 | SH |  | SOLE |  | 107120 | 0 | 0 |
| Insteel Industries Inc. | COM | 45774W108 |  | 5088945 | 132732 | SH |  | SOLE |  | 132732 | 0 | 0 |
| Interdigital Inc. | COM | 45867G101 |  | 11772343 | 34100 | SH |  | SOLE |  | 34100 | 0 | 0 |
| Interface Inc. | COM | 458665304 |  | 12308182 | 425300 | SH |  | SOLE |  | 425300 | 0 | 0 |
| Irhythm Technologies Inc | COM | 450056106 |  | 13965588 | 81200 | SH |  | SOLE |  | 81200 | 0 | 0 |
| Itron Inc | COM | 465741106 |  | 35393724 | 284150 | SH |  | SOLE |  | 283890 | 0 | 260 |
| JP Morgan Chase  Company Inc. | COM | 46625H100 |  | 984496 | 3121 | SH |  | SOLE |  | 140 | 0 | 2981 |
| Johnson  Johnson | COM | 478160104 |  | 379522 | 2047 | SH |  | SOLE |  | 0 | 0 | 2047 |
| Kiniksa Pharmaceuticals Ltd. | COM | G52694109 |  | 11850916 | 305200 | SH |  | SOLE |  | 305200 | 0 | 0 |
| LSI Industries Inc. | COM | 50216C108 |  | 3994812 | 169200 | SH |  | SOLE |  | 169200 | 0 | 0 |
| Lattice Semiconductor Corporat | COM | 518415104 |  | 20202300 | 275536 | SH |  | SOLE |  | 275536 | 0 | 0 |
| LeMaitre Vascular Inc. | COM | 525558201 |  | 9955727 | 113767 | SH |  | SOLE |  | 113767 | 0 | 0 |
| Levi Strauss  Co. | COM | 52736R102 |  | 21051550 | 903500 | SH |  | SOLE |  | 903500 | 0 | 0 |
| Life Time Holdings Inc. | COM | 53190C102 |  | 23912640 | 866400 | SH |  | SOLE |  | 866400 | 0 | 0 |
| Limbach Hldgs Inc. | COM | 53263P105 |  | 8128944 | 83700 | SH |  | SOLE |  | 83700 | 0 | 0 |
| Lincoln EDL Svcs | COM | 533535100 |  | 7087600 | 301600 | SH |  | SOLE |  | 301600 | 0 | 0 |
| Lindblad Expeditions Holdings | COM | 535219109 |  | 3832320 | 299400 | SH |  | SOLE |  | 299400 | 0 | 0 |
| Liquidia Corp. | COM | 53635D202 |  | 7304088 | 321200 | SH |  | SOLE |  | 321200 | 0 | 0 |
| Littelfuse Inc. | COM | 537008104 |  | 16136323 | 62300 | SH |  | SOLE |  | 62300 | 0 | 0 |
| LivaNova Plc | COM | G5509L101 |  | 9742680 | 186000 | SH |  | SOLE |  | 186000 | 0 | 0 |
| Lumentum Hldgs Inc. | COM | 55024U109 |  | 53471387 | 328630 | SH |  | SOLE |  | 318740 | 0 | 9890 |
| M/I Homes Inc. | COM | 55305B101 |  | 10573008 | 73200 | SH |  | SOLE |  | 73200 | 0 | 0 |
| Macom Technology Solutions | COM | 55405Y100 |  | 22133077 | 177790 | SH |  | SOLE |  | 170920 | 0 | 6870 |
| Magnite Inc. | COM | 55955D100 |  | 11194920 | 514000 | SH |  | SOLE |  | 514000 | 0 | 0 |
| Magnolia Oil  Gas Corp. | COM | 559663109 |  | 8982281 | 376300 | SH |  | SOLE |  | 376300 | 0 | 0 |
| Malibu Boats Inc. | COM | 56117J100 |  | 7729590 | 238200 | SH |  | SOLE |  | 238200 | 0 | 0 |
| Mastercard Inc. | COM | 57636Q104 |  | 381908 | 671 | SH |  | SOLE |  | 0 | 0 | 671 |
| Matador Resources Company | COM | 576485205 |  | 11407727 | 253900 | SH |  | SOLE |  | 253900 | 0 | 0 |
| Matrix Service Co. | COM | 576853105 |  | 2891661 | 221075 | SH |  | SOLE |  | 221075 | 0 | 0 |
| McDonald's Corporation | COM | 580135101 |  | 258864 | 852 | SH |  | SOLE |  | 0 | 0 | 852 |
| Mercury Systems Inc. | COM | 589378108 |  | 30843900 | 398500 | SH |  | SOLE |  | 398500 | 0 | 0 |
| Merit Medical System Inc | COM | 589889104 |  | 19310192 | 232010 | SH |  | SOLE |  | 224020 | 0 | 7990 |
| Microsoft Corp. | COM | 594918104 |  | 1380337 | 2665 | SH |  | SOLE |  | 0 | 0 | 2665 |
| NPK International Inc. | COM | 651718504 |  | 5615415 | 496500 | SH |  | SOLE |  | 496500 | 0 | 0 |
| National Vision Holdings Inc. | COM | 63845R107 |  | 17365131 | 594900 | SH |  | SOLE |  | 594900 | 0 | 0 |
| Natural Grocers by Vitamin Cot | COM | 63888U108 |  | 8752259 | 218806 | SH |  | SOLE |  | 218806 | 0 | 0 |
| New York Times Co. Cl A | COM | 650111107 |  | 14464800 | 252000 | SH |  | SOLE |  | 252000 | 0 | 0 |
| Newmont Mining | COM | 651639106 |  | 267389 | 3171 | SH |  | SOLE |  | 0 | 0 | 3171 |
| Nicolet Bankshares Inc. | COM | 65406E102 |  | 8096900 | 60200 | SH |  | SOLE |  | 60200 | 0 | 0 |
| Nova Ltd. | COM | M7516K103 |  | 36212683 | 113285 | SH |  | SOLE |  | 113100 | 0 | 185 |
| OneSpaWorld Holdings Limited | COM | P73684113 |  | 9838556 | 465400 | SH |  | SOLE |  | 465400 | 0 | 0 |
| OneSpan Inc. | COM | 68287N100 |  | 10176751 | 640450 | SH |  | SOLE |  | 621700 | 0 | 18750 |
| Osi Systems Inc. | COM | 671044105 |  | 25272936 | 101400 | SH |  | SOLE |  | 101400 | 0 | 0 |
| PDD Holdings Inc. ADR | COM | 722304102 |  | 925190 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| Pagaya Technologies Ltd. | COM | M7S64l123 |  | 5641100 | 190000 | SH |  | SOLE |  | 190000 | 0 | 0 |
| Parsons Corp. | COM | 70202L102 |  | 22614772 | 272730 | SH |  | SOLE |  | 259790 | 0 | 12940 |
| Pediatrix Medical Group Inc. | COM | 58502B106 |  | 9138800 | 545600 | SH |  | SOLE |  | 545600 | 0 | 0 |
| Pegasystems Inc. | COM | 705573103 |  | 22390500 | 389400 | SH |  | SOLE |  | 389400 | 0 | 0 |
| Powell Industries Inc. | COM | 739128106 |  | 14478475 | 47500 | SH |  | SOLE |  | 47500 | 0 | 0 |
| Powerfleet Inc. | COM | 73931J109 |  | 5600512 | 1068800 | SH |  | SOLE |  | 1068800 | 0 | 0 |
| Precision Drilling Corp. | COM | 74022D407 |  | 5472556 | 97100 | SH |  | SOLE |  | 97100 | 0 | 0 |
| Primoris Services Corp. | COM | 74164F103 |  | 26422292 | 192400 | SH |  | SOLE |  | 192400 | 0 | 0 |
| Q2 Holdings Inc. | COM | 74736L109 |  | 21156701 | 292260 | SH |  | SOLE |  | 280660 | 0 | 11600 |
| Qorvo Inc. | COM | 74736K101 |  | 23762772 | 260900 | SH |  | SOLE |  | 260900 | 0 | 0 |
| Qualys Inc. | COM | 74758T303 |  | 11115720 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| Radware Ltd. | COM | M81873107 |  | 7276803 | 274700 | SH |  | SOLE |  | 274700 | 0 | 0 |
| Rambus Inc | COM | 750917106 |  | 52923076 | 507899 | SH |  | SOLE |  | 494339 | 0 | 13560 |
| Red Violet Inc. | COM | 75704L104 |  | 5240675 | 100300 | SH |  | SOLE |  | 100300 | 0 | 0 |
| Remitly Global Inc. | COM | 75960P104 |  | 16345640 | 1002800 | SH |  | SOLE |  | 1002800 | 0 | 0 |
| Resmed Inc. | COM | 761152107 |  | 396909 | 1450 | SH |  | SOLE |  | 0 | 0 | 1450 |
| Rev Group Inc. | COM | 749527107 |  | 7622115 | 134500 | SH |  | SOLE |  | 134500 | 0 | 0 |
| Rush Street Interactive Inc. | COM | 782011100 |  | 24403149 | 1191560 | SH |  | SOLE |  | 1189560 | 0 | 2000 |
| SPX Technologies Inc. | COM | 78473E103 |  | 14363382 | 76900 | SH |  | SOLE |  | 76900 | 0 | 0 |
| Sea Ltd | COM | 81141R100 |  | 3038410 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| Sensient Technologies Corp. | COM | 81725T100 |  | 12594670 | 134200 | SH |  | SOLE |  | 134200 | 0 | 0 |
| SharkNinja Inc. | COM | G8068L108 |  | 49801852 | 482810 | SH |  | SOLE |  | 467915 | 0 | 14895 |
| Shopify Inc. | COM | 82509L107 |  | 1486100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| SiTime Corporation | COM | 82982T106 |  | 32058179 | 106396 | SH |  | SOLE |  | 106396 | 0 | 0 |
| Silicon Motion Techn ADR | COM | 82706C108 |  | 21863186 | 230600 | SH |  | SOLE |  | 230600 | 0 | 0 |
| Skyward Specialty Ins Group | COM | 830940102 |  | 11024408 | 231800 | SH |  | SOLE |  | 231800 | 0 | 0 |
| Skywest Inc | COM | 830879102 |  | 33284090 | 330790 | SH |  | SOLE |  | 323120 | 0 | 7670 |
| Solaris Energy Infrastructur | COM | 83418M103 |  | 14664993 | 366900 | SH |  | SOLE |  | 366900 | 0 | 0 |
| Sportradar Group | COM | H8088L103 |  | 37097790 | 1379100 | SH |  | SOLE |  | 812200 | 0 | 566900 |
| Spotify Technology S.A. | COM | L8681T102 |  | 1954400 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| Sprouts Farmers Markets LLC | COM | 85208M102 |  | 15830400 | 145500 | SH |  | SOLE |  | 145500 | 0 | 0 |
| Stride Inc. | COM | 86333M108 |  | 27077292 | 181800 | SH |  | SOLE |  | 181800 | 0 | 0 |
| The Gorman-Rupp Co. | COM | 383082104 |  | 4218669 | 90900 | SH |  | SOLE |  | 90900 | 0 | 0 |
| The Travelers Co. Inc. | COM | 89417E109 |  | 466330 | 1670 | SH |  | SOLE |  | 0 | 0 | 1670 |
| The Vita Coco Co. Inc. | COM | 92846Q107 |  | 9695901 | 228300 | SH |  | SOLE |  | 228300 | 0 | 0 |
| Turning PT Brands Inc. | COM | 90041L105 |  | 9984860 | 101000 | SH |  | SOLE |  | 101000 | 0 | 0 |
| Tutor Perini Corp. | COM | 901109108 |  | 24779902 | 377800 | SH |  | SOLE |  | 377800 | 0 | 0 |
| Ultra Clean Holdings | COM | 90385V107 |  | 16712425 | 613300 | SH |  | SOLE |  | 613300 | 0 | 0 |
| Urban Outfitters Inc. | COM | 917047102 |  | 16736049 | 234300 | SH |  | SOLE |  | 234300 | 0 | 0 |
| VSE Corp. | COM | 918284100 |  | 7414304 | 44600 | SH |  | SOLE |  | 44600 | 0 | 0 |
| Varonis Sys Inc. | COM | 922280102 |  | 10149202 | 176600 | SH |  | SOLE |  | 176600 | 0 | 0 |
| Veracyte Inc. | COM | 92337F107 |  | 24775618 | 721690 | SH |  | SOLE |  | 716540 | 0 | 5150 |
| Wal Mart Stores Inc. | COM | 931142103 |  | 242876 | 2357 | SH |  | SOLE |  | 0 | 0 | 2357 |
| Waystar Holding Corp. | COM | 946784105 |  | 31721976 | 836550 | SH |  | SOLE |  | 815490 | 0 | 21060 |
| Weave Communications Inc. | COM | 94724R108 |  | 6586146 | 985950 | SH |  | SOLE |  | 907100 | 0 | 78850 |
| Xenacare Hldgs Inc. | COM | 98401A106 |  | 0 | 140000 | SH |  | SOLE |  | 0 | 0 | 140000 |
| Zeta Global Holdings Corp. | COM | 98956A105 |  | 15125044 | 761200 | SH |  | SOLE |  | 671340 | 0 | 89860 |
| Zurn Elkay Water Solutions Cor | COM | 98983L108 |  | 12509980 | 266000 | SH |  | SOLE |  | 266000 | 0 | 0 |
| nLIGHT Inc. | COM | 65487K100 |  | 7881580 | 266000 | SH |  | SOLE |  | 266000 | 0 | 0 |
| SPDR S 500 ETF Trust | COM | 78462F103 |  | 1447383 | 2173 | SH |  | SOLE |  | 0 | 0 | 2173 |

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