# EDGAR Filing Document

**Accession Number:** 0001510989
**File Stem:** 0001104659-23-021141
**Filing Date:** 2023-2
**Character Count:** 31604
**Document Hash:** 170284c9cdb54d8360f8a524c077f560
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-021141.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001104659-23-021141

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EAM Investors, LLC
- **CENTRAL INDEX KEY:** 0001510989
- **IRS NUMBER:** 260638588
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14070
- **FILM NUMBER:** 23624928

**BUSINESS ADDRESS:**
- **STREET 1:** 215 HIGHWAY 101
- **STREET 2:** SUITE 216
- **CITY:** SOLANA BEACH
- **STATE:** CA
- **ZIP:** 92075
- **BUSINESS PHONE:** 7604795075

**MAIL ADDRESS:**
- **STREET 1:** 215 HIGHWAY 101
- **STREET 2:** SUITE 216
- **CITY:** SOLANA BEACH
- **STATE:** CA
- **ZIP:** 92075

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Eudaimonia Asset Management LLC
- **DATE OF NAME CHANGE:** 20110124

### 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:** EAM Investors LLC<br>**Address:** 215 Highway 101<br>Suite 216<br>Solana Beach, CA 92075

**Form 13F File Number:** 028-14070

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:** Derek Gaertner<br>**Title:** Chief Operating Officer<br>**Phone:** 760-479-5075

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

/s/ Derek Gaertner  Solana Beach, CA  02-13-2023<br>[Signature]  [City, State]  [Date]

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

[ ] **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).)

[x] **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:** 249

**Form 13F Information Table Value Total:** $483059172

      (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   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | Bank of New York Mellon Corporation | 028-12592              |  |  |

### 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 |
| ADMA Biologics Inc | Common Stock | 000899104 |  | 6788440 | 1749598 | SH |  | SOLE |  | 471099 | 0 | 1278499 |
| Ardelyx Inc | Common Stock | 039697107 |  | 2056554 | 721598 | SH |  | SOLE |  | 336712 | 0 | 384886 |
| Nordic American Tankers Ltd | Common Stock | G65773106 |  | 2103875 | 687541 | SH |  | SOLE |  | 191774 | 0 | 495767 |
| Overseas Shipholding Group Inc | Common Stock | 69036R863 |  | 1856212 | 642288 | SH |  | SOLE |  | 299927 | 0 | 342361 |
| Cymabay Therapeutics Inc | Common Stock | 23257D103 |  | 3451447 | 550470 | SH |  | SOLE |  | 160237 | 0 | 390233 |
| Destination XL Group Inc | Common Stock | 25065K104 |  | 3660424 | 542285 | SH |  | SOLE |  | 157919 | 0 | 384366 |
| Viking Therapeutics Inc | Common Stock | 92686J106 |  | 4652436 | 494940 | SH |  | SOLE |  | 123869 | 0 | 371071 |
| MannKind Corp | Common Stock | 56400P706 |  | 2300260 | 436482 | SH |  | SOLE |  | 51180 | 0 | 385302 |
| Performant Financial Corp | Common Stock | 71377E105 |  | 1533163 | 424699 | SH |  | SOLE |  | 198292 | 0 | 226407 |
| Paysign Inc | Common Stock | 70451A104 |  | 1079666 | 418475 | SH |  | SOLE |  | 195384 | 0 | 223091 |
| Helix Energy Solutions Group Inc | Common Stock | 42330P107 |  | 3067763 | 415686 | SH |  | SOLE |  | 47641 | 0 | 368045 |
| EZCORP Inc | Common Stock | 302301106 |  | 3088165 | 378916 | SH |  | SOLE |  | 121918 | 0 | 256998 |
| Teekay Corp | Common Stock | Y8564W103 |  | 1691690 | 372619 | SH |  | SOLE |  | 173992 | 0 | 198627 |
| CECO Environmental Corp | Common Stock | 125141101 |  | 4251462 | 363995 | SH |  | SOLE |  | 119076 | 0 | 244919 |
| Hudson Technologies Inc | Common Stock | 444144109 |  | 3505032 | 346347 | SH |  | SOLE |  | 91138 | 0 | 255209 |
| PDS Biotechnology Corp | Common Stock | 70465T107 |  | 4361623 | 330426 | SH |  | SOLE |  | 93300 | 0 | 237126 |
| TDR Capital LLP | Common Stock | 87615L107 |  | 4602727 | 304011 | SH |  | SOLE |  | 86415 | 0 | 217596 |
| Neuronetics Inc | Common Stock | 64131A105 |  | 2078587 | 302560 | SH |  | SOLE |  | 141244 | 0 | 161316 |
| Purple Innovation Inc | Common Stock | 74640Y106 |  | 1362621 | 284472 | SH |  | SOLE |  | 132894 | 0 | 151578 |
| Provention Bio Inc | Common Stock | 74374N102 |  | 2919963 | 276250 | SH |  | SOLE |  | 29577 | 0 | 246673 |
| 89bio Inc | Common Stock | 282559103 |  | 3512754 | 275943 | SH |  | SOLE |  | 89874 | 0 | 186069 |
| Puma Biotechnology Inc | Common Stock | 74587V107 |  | 1153889 | 272787 | SH |  | SOLE |  | 127426 | 0 | 145361 |
| Evolution Petroleum Corp | Common Stock | 30049A107 |  | 1947538 | 257952 | SH |  | SOLE |  | 72405 | 0 | 185547 |
| Amplify Energy Corp | Common Stock | 03212B103 |  | 2174488 | 247382 | SH |  | SOLE |  | 68080 | 0 | 179302 |
| Maritime Investors Corp | Common Stock | Y71726130 |  | 1190424 | 246976 | SH |  | SOLE |  | 115323 | 0 | 131653 |
| Flux Power Holdings Inc | Common Stock | 344057302 |  | 973777 | 245284 | SH |  | SOLE |  | 114555 | 0 | 130729 |
| Mammoth Energy Services Inc | Common Stock | 56155L108 |  | 2114994 | 244508 | SH |  | SOLE |  | 114103 | 0 | 130405 |
| SurgePays Inc | Common Stock | 86882L204 |  | 1567571 | 238959 | SH |  | SOLE |  | 111562 | 0 | 127397 |
| KLX Energy Services Holdings Inc | Common Stock | 48253L205 |  | 4066344 | 234913 | SH |  | SOLE |  | 67147 | 0 | 167766 |
| Harrow Health Inc | Common Stock | 415858109 |  | 3437722 | 232908 | SH |  | SOLE |  | 73599 | 0 | 159309 |
| Gulf Island Fabrication Inc | Common Stock | 402307102 |  | 1180649 | 230146 | SH |  | SOLE |  | 107518 | 0 | 122628 |
| Immersion Corp | Common Stock | 452521107 |  | 1609279 | 228916 | SH |  | SOLE |  | 106888 | 0 | 122028 |
| Permian Resources Corp | Common Stock | 71424F105 |  | 2144121 | 228098 | SH |  | SOLE |  | 23725 | 0 | 204373 |
| LSI Industries Inc | Common Stock | 50216C108 |  | 2778688 | 227017 | SH |  | SOLE |  | 105967 | 0 | 121050 |
| Eneti Inc | Common Stock | Y2294C107 |  | 2214859 | 220384 | SH |  | SOLE |  | 102854 | 0 | 117530 |
| Poseida Therapeutics Inc | Common Stock | 73730P108 |  | 1157017 | 218305 | SH |  | SOLE |  | 101893 | 0 | 116412 |
| NOW Inc | Common Stock | 67011P100 |  | 2768727 | 218010 | SH |  | SOLE |  | 25656 | 0 | 192354 |
| Rayonier Advanced Materials Inc | Common Stock | 75508B104 |  | 2081482 | 216821 | SH |  | SOLE |  | 101290 | 0 | 115531 |
| Luna Innovations Inc | Common Stock | 550351100 |  | 1846498 | 210068 | SH |  | SOLE |  | 98109 | 0 | 111959 |
| scPharmaceuticals Inc | Common Stock | 810648105 |  | 1454277 | 202828 | SH |  | SOLE |  | 94727 | 0 | 108101 |
| Aldeyra Therapeutics Inc | Common Stock | 01438T106 |  | 1379667 | 198228 | SH |  | SOLE |  | 92530 | 0 | 105698 |
| Actinium Pharmaceuticals Inc | Common Stock | 00507W206 |  | 2098274 | 197021 | SH |  | SOLE |  | 56250 | 0 | 140771 |
| Magnite Inc | Common Stock | 55955D100 |  | 2056620 | 194204 | SH |  | SOLE |  | 23394 | 0 | 170810 |
| DHT Holdings Inc | Common Stock | Y2065G121 |  | 1716007 | 193244 | SH |  | SOLE |  | 22607 | 0 | 170637 |
| ORIC Pharmaceuticals Inc | Common Stock | 68622P109 |  | 1121780 | 190455 | SH |  | SOLE |  | 88923 | 0 | 101532 |
| Apollo Global Management Inc | Common Stock | 00090Q103 |  | 1677587 | 184960 | SH |  | SOLE |  | 38961 | 0 | 145999 |
| Epsilon Energy Ltd | Common Stock | 294375209 |  | 1191073 | 179649 | SH |  | SOLE |  | 83902 | 0 | 95747 |
| A10 Networks Inc | Common Stock | 002121101 |  | 2962801 | 178160 | SH |  | SOLE |  | 18191 | 0 | 159969 |
| Fennec Pharmaceuticals Inc | Common Stock | 31447P100 |  | 1693939 | 176452 | SH |  | SOLE |  | 82358 | 0 | 94094 |
| Extreme Networks Inc | Common Stock | 30226D106 |  | 3230580 | 176438 | SH |  | SOLE |  | 20992 | 0 | 155446 |
| Asure Software Inc | Common Stock | 04649U102 |  | 1547591 | 165695 | SH |  | SOLE |  | 77327 | 0 | 88368 |
| TG Therapeutics Inc | Common Stock | 88322Q108 |  | 1957238 | 165447 | SH |  | SOLE |  | 20003 | 0 | 145444 |
| Aehr Test Systems | Common Stock | 00760J108 |  | 3318550 | 165102 | SH |  | SOLE |  | 42477 | 0 | 122625 |
| Rhythm Pharmaceuticals Inc | Common Stock | 76243J105 |  | 4795918 | 164695 | SH |  | SOLE |  | 45659 | 0 | 119036 |
| Nine Energy Service Inc | Common Stock | 65441V101 |  | 2323754 | 159928 | SH |  | SOLE |  | 74634 | 0 | 85294 |
| Richardson Electronics Ltd/United States | Common Stock | 763165107 |  | 3405441 | 159655 | SH |  | SOLE |  | 48480 | 0 | 111175 |
| Ardmore Shipping Corp | Common Stock | Y0207T100 |  | 2288294 | 158799 | SH |  | SOLE |  | 49924 | 0 | 108875 |
| Harmonic Inc | Common Stock | 413160102 |  | 2076966 | 158547 | SH |  | SOLE |  | 16835 | 0 | 141712 |
| American Eagle Outfitters Inc | Common Stock | 02553E106 |  | 2145010 | 153654 | SH |  | SOLE |  | 18522 | 0 | 135132 |
| Modine Manufacturing Co | Common Stock | 607828100 |  | 3009565 | 151539 | SH |  | SOLE |  | 15276 | 0 | 136263 |
| Catalyst Pharmaceuticals Inc | Common Stock | 14888U101 |  | 2757655 | 148261 | SH |  | SOLE |  | 16042 | 0 | 132219 |
| Genie Energy Ltd | Common Stock | 372284208 |  | 1510550 | 146088 | SH |  | SOLE |  | 68248 | 0 | 77840 |
| Limbach Holdings Inc | Common Stock | 53263P105 |  | 1507201 | 144784 | SH |  | SOLE |  | 67599 | 0 | 77185 |
| Par Pacific Holdings Inc | Common Stock | 69888T207 |  | 3308266 | 142291 | SH |  | SOLE |  | 13830 | 0 | 128461 |
| Macatawa Bank Corp | Common Stock | 554225102 |  | 1497786 | 135792 | SH |  | SOLE |  | 63376 | 0 | 72416 |
| Mayville Engineering Co Inc | Common Stock | 578605107 |  | 1702340 | 134466 | SH |  | SOLE |  | 62771 | 0 | 71695 |
| Build-A-Bear Workshop Inc | Common Stock | 120076104 |  | 3170720 | 133000 | SH |  | SOLE |  | 38056 | 0 | 94944 |
| Zynex Inc | Common Stock | 98986M103 |  | 1838846 | 132196 | SH |  | SOLE |  | 61701 | 0 | 70495 |
| CVRx Inc | Common Stock | 126638105 |  | 2424108 | 132104 | SH |  | SOLE |  | 61665 | 0 | 70439 |
| Hallador Energy Co | Common Stock | 40609P105 |  | 1311907 | 131322 | SH |  | SOLE |  | 61283 | 0 | 70039 |
| Arcellx Inc | Common Stock | 03940C100 |  | 3981705 | 128525 | SH |  | SOLE |  | 16385 | 0 | 112140 |
| Terns Pharmaceuticals Inc | Common Stock | 880881107 |  | 1304933 | 128186 | SH |  | SOLE |  | 59850 | 0 | 68336 |
| ARS Pharmaceuticals Inc | Common Stock | 82835W108 |  | 1064314 | 124773 | SH |  | SOLE |  | 1193 | 0 | 123580 |
| SEACOR Marine Holdings Inc | Common Stock | 78413P101 |  | 1142444 | 124721 | SH |  | SOLE |  | 58232 | 0 | 66489 |
| B Riley Financial Inc | Common Stock | 040044109 |  | 1264977 | 119225 | SH |  | SOLE |  | 55666 | 0 | 63559 |
| Digi International Inc | Common Stock | 253798102 |  | 4303616 | 117746 | SH |  | SOLE |  | 13896 | 0 | 103850 |
| Stabilis Solutions Inc | Common Stock | 85236P101 |  | 609152 | 117597 | SH |  | SOLE |  | 54911 | 0 | 62686 |
| Altisource Portfolio Solutions SA | Common Stock | L0175J104 |  | 1070758 | 113188 | SH |  | SOLE |  | 52879 | 0 | 60309 |
| Viemed Healthcare Inc | Common Stock | 92663R105 |  | 841572 | 111031 | SH |  | SOLE |  | 0 | 0 | 111031 |
| Axogen Inc | Common Stock | 05463X106 |  | 1100315 | 110252 | SH |  | SOLE |  | 51476 | 0 | 58776 |
| Harte Hanks Inc | Common Stock | 416196202 |  | 1228514 | 105091 | SH |  | SOLE |  | 49071 | 0 | 56020 |
| Bel Fuse Inc | Common Stock | 077347300 |  | 3434642 | 104333 | SH |  | SOLE |  | 33697 | 0 | 70636 |
| Northeast Community Bancorp Inc | Common Stock | 664121100 |  | 1532329 | 102703 | SH |  | SOLE |  | 47911 | 0 | 54792 |
| Versant Venture Management LLC | Common Stock | 16961L106 |  | 2672583 | 102007 | SH |  | SOLE |  | 12380 | 0 | 89627 |
| Tiptree Inc | Common Stock | 88822Q103 |  | 1393245 | 100668 | SH |  | SOLE |  | 47015 | 0 | 53653 |
| IVERIC bio Inc | Common Stock | 46583P102 |  | 2146802 | 100271 | SH |  | SOLE |  | 11682 | 0 | 88589 |
| Viridian Therapeutics Inc | Common Stock | 92790C104 |  | 2910484 | 99640 | SH |  | SOLE |  | 10192 | 0 | 89448 |
| Sterling Infrastructure Inc | Common Stock | 859241101 |  | 3015107 | 91924 | SH |  | SOLE |  | 9483 | 0 | 82441 |
| Astria Therapeutics Inc | Common Stock | 04635X102 |  | 1360127 | 91345 | SH |  | SOLE |  | 42658 | 0 | 48687 |
| Griffon Corp | Common Stock | 398433102 |  | 3259789 | 91081 | SH |  | SOLE |  | 10695 | 0 | 80386 |
| Tidewater Inc | Common Stock | 88642R109 |  | 3280977 | 89036 | SH |  | SOLE |  | 10284 | 0 | 78752 |
| Replimune Group Inc | Common Stock | 76029N106 |  | 2395722 | 88078 | SH |  | SOLE |  | 10667 | 0 | 77411 |
| Powell Industries Inc | Common Stock | 739128106 |  | 3042789 | 86492 | SH |  | SOLE |  | 26655 | 0 | 59837 |
| Urban Outfitters Inc | Common Stock | 917047102 |  | 2059185 | 86339 | SH |  | SOLE |  | 10685 | 0 | 75654 |
| Kiniksa Pharmaceuticals Ltd | Common Stock | G5269C101 |  | 1184109 | 79046 | SH |  | SOLE |  | 756 | 0 | 78290 |
| Phreesia Inc | Common Stock | 71944F106 |  | 2544726 | 78638 | SH |  | SOLE |  | 9269 | 0 | 69369 |
| Bowman Consulting Group Ltd | Common Stock | 103002101 |  | 1607024 | 73548 | SH |  | SOLE |  | 34339 | 0 | 39209 |
| Wabash National Corp | Common Stock | 929566107 |  | 1647947 | 72918 | SH |  | SOLE |  | 697 | 0 | 72221 |
| Model N Inc | Common Stock | 607525102 |  | 2951308 | 72764 | SH |  | SOLE |  | 8518 | 0 | 64246 |
| IBEX Holdings Ltd | Common Stock | G4690M101 |  | 1779012 | 71590 | SH |  | SOLE |  | 33417 | 0 | 38173 |
| Oceaneering International Inc | Common Stock | 675232102 |  | 1246058 | 71244 | SH |  | SOLE |  | 681 | 0 | 70563 |
| TowerBrook Capital Partners LP | Common Stock | 46620W201 |  | 1721492 | 69415 | SH |  | SOLE |  | 32397 | 0 | 37018 |
| Hostess Brands Inc | Common Stock | 44109J106 |  | 1550963 | 69116 | SH |  | SOLE |  | 8396 | 0 | 60720 |
| Northern Oil and Gas Inc | Common Stock | 665531307 |  | 2122543 | 68869 | SH |  | SOLE |  | 8076 | 0 | 60793 |
| Napco Security Technologies Inc | Common Stock | 630402105 |  | 1839896 | 66954 | SH |  | SOLE |  | 8289 | 0 | 58665 |
| Supernus Pharmaceuticals Inc | Common Stock | 868459108 |  | 2355290 | 66030 | SH |  | SOLE |  | 6873 | 0 | 59157 |
| ChampionX Corp | Common Stock | 15872M104 |  | 1904498 | 65695 | SH |  | SOLE |  | 13838 | 0 | 51857 |
| Amylyx Pharmaceuticals Inc | Common Stock | 03237H101 |  | 2411800 | 65272 | SH |  | SOLE |  | 7521 | 0 | 57751 |
| Ventyx Biosciences Inc | Common Stock | 92332V107 |  | 2128956 | 64927 | SH |  | SOLE |  | 7398 | 0 | 57529 |
| Vaxcyte Inc | Common Stock | 92243G108 |  | 3108359 | 64825 | SH |  | SOLE |  | 8083 | 0 | 56742 |
| PowerSchool Holdings Inc | Common Stock | 73939C106 |  | 1452886 | 62950 | SH |  | SOLE |  | 13275 | 0 | 49675 |
| Weatherford International PLC | Common Stock | G48833118 |  | 3173996 | 62333 | SH |  | SOLE |  | 6913 | 0 | 55420 |
| Covenant Logistics Group Inc | Common Stock | 22284P105 |  | 2138258 | 61853 | SH |  | SOLE |  | 16062 | 0 | 45791 |
| CBIZ Inc | Common Stock | 124805102 |  | 2870359 | 61267 | SH |  | SOLE |  | 6575 | 0 | 54692 |
| elf Beauty Inc | Common Stock | 26856L103 |  | 3369816 | 60937 | SH |  | SOLE |  | 7409 | 0 | 53528 |
| Old Second Bancorp Inc | Common Stock | 680277100 |  | 969233 | 60426 | SH |  | SOLE |  | 578 | 0 | 59848 |
| JAKKS Pacific Inc | Common Stock | 47012E403 |  | 1046269 | 59821 | SH |  | SOLE |  | 27930 | 0 | 31891 |
| Frontline Ltd/Bermuda | Common Stock | G3682E192 |  | 719902 | 59300 | SH |  | SOLE |  | 567 | 0 | 58733 |
| Federal Signal Corp | Common Stock | 313855108 |  | 2744518 | 59060 | SH |  | SOLE |  | 7150 | 0 | 51910 |
| Titan Machinery Inc | Common Stock | 88830R101 |  | 2317332 | 58327 | SH |  | SOLE |  | 6398 | 0 | 51929 |
| TransMedics Group Inc | Common Stock | 89377M109 |  | 3576304 | 57944 | SH |  | SOLE |  | 4969 | 0 | 52975 |
| Celldex Therapeutics Inc | Common Stock | 15117B202 |  | 2505369 | 56212 | SH |  | SOLE |  | 6048 | 0 | 50164 |
| Box Inc | Common Stock | 10316T104 |  | 1746113 | 56091 | SH |  | SOLE |  | 11832 | 0 | 44259 |
| Heritage Commerce Corp | Common Stock | 426927109 |  | 725998 | 55846 | SH |  | SOLE |  | 534 | 0 | 55312 |
| Cambium Networks Corp | Common Stock | G17766109 |  | 1209143 | 55798 | SH |  | SOLE |  | 534 | 0 | 55264 |
| Blucora Inc | Common Stock | 095229100 |  | 1416762 | 55494 | SH |  | SOLE |  | 530 | 0 | 54964 |
| Sanara Medtech Inc | Common Stock | 79957L100 |  | 2491671 | 54762 | SH |  | SOLE |  | 25564 | 0 | 29198 |
| Southern States Bancshares Inc | Common Stock | 843878307 |  | 1569756 | 54223 | SH |  | SOLE |  | 25306 | 0 | 28917 |
| Teekay Tankers Ltd | Common Stock | Y8565N300 |  | 1668762 | 54163 | SH |  | SOLE |  | 6627 | 0 | 47536 |
| Akero Therapeutics Inc | Common Stock | 00973Y108 |  | 2932458 | 53512 | SH |  | SOLE |  | 6716 | 0 | 46796 |
| DICE Therapeutics Inc | Common Stock | 23345J104 |  | 1666330 | 53408 | SH |  | SOLE |  | 6306 | 0 | 47102 |
| Prothena Corp PLC | Common Stock | G72800108 |  | 3214097 | 53346 | SH |  | SOLE |  | 5429 | 0 | 47917 |
| CPI Card Group Inc | Common Stock | 12634H200 |  | 1912168 | 52998 | SH |  | SOLE |  | 24734 | 0 | 28264 |
| Scorpio Tankers Inc | Common Stock | Y7542C130 |  | 2845562 | 52921 | SH |  | SOLE |  | 6500 | 0 | 46421 |
| Amkor Technology Inc | Common Stock | 031652100 |  | 1250173 | 52134 | SH |  | SOLE |  | 10983 | 0 | 41151 |
| Forum Energy Technologies Inc | Common Stock | 34984V209 |  | 1530047 | 51866 | SH |  | SOLE |  | 24208 | 0 | 27658 |
| NOV Inc | Common Stock | 62955J103 |  | 1083335 | 51859 | SH |  | SOLE |  | 10924 | 0 | 40935 |
| Rambus Inc | Common Stock | 750917106 |  | 1824348 | 50931 | SH |  | SOLE |  | 10732 | 0 | 40199 |
| Stoneridge Inc | Common Stock | 86183P102 |  | 1086279 | 50384 | SH |  | SOLE |  | 481 | 0 | 49903 |
| Agilysys Inc | Common Stock | 00847J105 |  | 3959216 | 50028 | SH |  | SOLE |  | 4676 | 0 | 45352 |
| UFP Technologies Inc | Common Stock | 902673102 |  | 5855832 | 49672 | SH |  | SOLE |  | 14328 | 0 | 35344 |
| Array Technologies Inc | Common Stock | 04271T100 |  | 944309 | 48852 | SH |  | SOLE |  | 10299 | 0 | 38553 |
| Silk Road Medical Inc | Common Stock | 82710M100 |  | 2566132 | 48555 | SH |  | SOLE |  | 5430 | 0 | 43125 |
| Enerpac Tool Group Corp | Common Stock | 292765104 |  | 1227377 | 48227 | SH |  | SOLE |  | 461 | 0 | 47766 |
| Fluor Corp | Common Stock | 343412102 |  | 1651133 | 47638 | SH |  | SOLE |  | 10038 | 0 | 37600 |
| Nutanix Inc | Common Stock | 67059N108 |  | 1233520 | 47352 | SH |  | SOLE |  | 9977 | 0 | 37375 |
| Timberland Bancorp Inc/WA | Common Stock | 887098101 |  | 1603632 | 46986 | SH |  | SOLE |  | 21939 | 0 | 25047 |
| Huron Consulting Group Inc | Common Stock | 447462102 |  | 3363122 | 46324 | SH |  | SOLE |  | 5531 | 0 | 40793 |
| Str Sub Inc | Common Stock | 82983N108 |  | 1330072 | 46103 | SH |  | SOLE |  | 440 | 0 | 45663 |
| Sanken Electric Co Ltd | Common Stock | 01749D105 |  | 1371103 | 45673 | SH |  | SOLE |  | 9621 | 0 | 36052 |
| Northeast Bank | Common Stock | 66405S100 |  | 1917276 | 45541 | SH |  | SOLE |  | 21268 | 0 | 24273 |
| SmartFinancial Inc | Common Stock | 83190L208 |  | 1252268 | 45537 | SH |  | SOLE |  | 21249 | 0 | 24288 |
| International Seaways Inc | Common Stock | Y41053102 |  | 1677894 | 45324 | SH |  | SOLE |  | 5317 | 0 | 40007 |
| Esquire Financial Holdings Inc | Common Stock | 29667J101 |  | 1913390 | 44230 | SH |  | SOLE |  | 20642 | 0 | 23588 |
| Iridium Communications Inc | Common Stock | 46269C102 |  | 2221508 | 43220 | SH |  | SOLE |  | 9160 | 0 | 34060 |
| NBT Bancorp Inc | Common Stock | 628778102 |  | 1872053 | 43115 | SH |  | SOLE |  | 4654 | 0 | 38461 |
| South Plains Financial Inc | Common Stock | 83946P107 |  | 1168759 | 42454 | SH |  | SOLE |  | 19821 | 0 | 22633 |
| Vishay Precision Group Inc | Common Stock | 92835K103 |  | 1617773 | 41857 | SH |  | SOLE |  | 19555 | 0 | 22302 |
| Northwest Pipe Co | Common Stock | 667746101 |  | 1372770 | 40735 | SH |  | SOLE |  | 19022 | 0 | 21713 |
| Oaktree Capital Group Holdings LP | Common Stock | G89479102 |  | 1165575 | 39958 | SH |  | SOLE |  | 0 | 0 | 39958 |
| Shoals Technologies Group Inc | Common Stock | 82489W107 |  | 985394 | 39943 | SH |  | SOLE |  | 8423 | 0 | 31520 |
| BJ's Restaurants Inc | Common Stock | 09180C106 |  | 993313 | 37654 | SH |  | SOLE |  | 360 | 0 | 37294 |
| Amalgamated Financial Corp | Common Stock | 022671101 |  | 863332 | 37471 | SH |  | SOLE |  | 358 | 0 | 37113 |
| MGP Ingredients Inc | Common Stock | 55303J106 |  | 3935528 | 36995 | SH |  | SOLE |  | 4360 | 0 | 32635 |
| SPX Technologies Inc | Common Stock | 78473E103 |  | 2423864 | 36921 | SH |  | SOLE |  | 4377 | 0 | 32544 |
| Halozyme Therapeutics Inc | Common Stock | 40637H109 |  | 2090051 | 36732 | SH |  | SOLE |  | 7737 | 0 | 28995 |
| Sanmina Corp | Common Stock | 801056102 |  | 2090569 | 36491 | SH |  | SOLE |  | 4539 | 0 | 31952 |
| Impinj Inc | Common Stock | 453204109 |  | 3893468 | 35661 | SH |  | SOLE |  | 3068 | 0 | 32593 |
| Chuy's Holdings Inc | Common Stock | 171604101 |  | 1005018 | 35513 | SH |  | SOLE |  | 340 | 0 | 35173 |
| Syndax Pharmaceuticals Inc | Common Stock | 87164F105 |  | 900701 | 35391 | SH |  | SOLE |  | 338 | 0 | 35053 |
| Enterprise Financial Services Corp | Common Stock | 293712105 |  | 1731813 | 35372 | SH |  | SOLE |  | 4209 | 0 | 31163 |
| Noble Holding Corp PLC | Common Stock | G65431127 |  | 1323696 | 35102 | SH |  | SOLE |  | 7400 | 0 | 27702 |
| Northrim BanCorp Inc | Common Stock | 666762109 |  | 1822911 | 33405 | SH |  | SOLE |  | 15590 | 0 | 17815 |
| Krystal Biotech Inc | Common Stock | 501147102 |  | 2633669 | 33245 | SH |  | SOLE |  | 4056 | 0 | 29189 |
| First Business Financial Services Inc | Common Stock | 319390100 |  | 1181808 | 32334 | SH |  | SOLE |  | 15088 | 0 | 17246 |
| Axcelis Technologies Inc | Common Stock | 054540208 |  | 2548250 | 32110 | SH |  | SOLE |  | 3968 | 0 | 28142 |
| Capital City Bank Group Inc | Common Stock | 139674105 |  | 1032753 | 31777 | SH |  | SOLE |  | 14836 | 0 | 16941 |
| Super Micro Computer Inc | Common Stock | 86800U104 |  | 2549780 | 31057 | SH |  | SOLE |  | 4067 | 0 | 26990 |
| Prometheus Biosciences Inc | Common Stock | 74349U108 |  | 3355440 | 30504 | SH |  | SOLE |  | 3312 | 0 | 27192 |
| WillScot Mobile Mini Holdings Corp | Common Stock | 971378104 |  | 1369374 | 30316 | SH |  | SOLE |  | 6371 | 0 | 23945 |
| Inhibrx Inc | Common Stock | 45720L107 |  | 745114 | 30240 | SH |  | SOLE |  | 289 | 0 | 29951 |
| Parsons Corp | Common Stock | 70202L102 |  | 1364144 | 29495 | SH |  | SOLE |  | 6214 | 0 | 23281 |
| StoneX Group Inc | Common Stock | 861896108 |  | 2766273 | 29027 | SH |  | SOLE |  | 3375 | 0 | 25652 |
| Academy Sports  Outdoors Inc | Common Stock | 00402L107 |  | 1509737 | 28735 | SH |  | SOLE |  | 6054 | 0 | 22681 |
| Calix Inc | Common Stock | 13100M509 |  | 1935132 | 28279 | SH |  | SOLE |  | 5995 | 0 | 22284 |
| Clearfield Inc | Common Stock | 18482P103 |  | 2627071 | 27906 | SH |  | SOLE |  | 5820 | 0 | 22086 |
| Cohu Inc | Common Stock | 192576106 |  | 890541 | 27786 | SH |  | SOLE |  | 265 | 0 | 27521 |
| Deerfield Management Co LP | Common Stock | 670703107 |  | 826514 | 27754 | SH |  | SOLE |  | 265 | 0 | 27489 |
| Silgan Holdings Inc | Common Stock | 827048109 |  | 1426896 | 27525 | SH |  | SOLE |  | 5799 | 0 | 21726 |
| Hillenbrand Inc | Common Stock | 431571108 |  | 1133614 | 26567 | SH |  | SOLE |  | 5606 | 0 | 20961 |
| Buckle Inc/The | Common Stock | 118440106 |  | 1176016 | 25932 | SH |  | SOLE |  | 248 | 0 | 25684 |
| PBF Energy Inc | Common Stock | 69318G106 |  | 1055346 | 25879 | SH |  | SOLE |  | 5459 | 0 | 20420 |
| NVE Corp | Common Stock | 629445206 |  | 1673917 | 25852 | SH |  | SOLE |  | 12071 | 0 | 13781 |
| Plexus Corp | Common Stock | 729132100 |  | 2659505 | 25838 | SH |  | SOLE |  | 3131 | 0 | 22707 |
| Preformed Line Products Co | Common Stock | 740444104 |  | 2110818 | 25343 | SH |  | SOLE |  | 11834 | 0 | 13509 |
| Harmony Biosciences Holdings Inc | Common Stock | 413197104 |  | 1307964 | 23738 | SH |  | SOLE |  | 5004 | 0 | 18734 |
| Coastal Financial Corp/WA | Common Stock | 19046P209 |  | 1114201 | 23447 | SH |  | SOLE |  | 224 | 0 | 23223 |
| Performance Food Group Co | Common Stock | 71377A103 |  | 1355349 | 23212 | SH |  | SOLE |  | 4897 | 0 | 18315 |
| Haynes International Inc | Common Stock | 420877201 |  | 1054480 | 23079 | SH |  | SOLE |  | 221 | 0 | 22858 |
| United Bankshares Inc/WV | Common Stock | 909907107 |  | 915236 | 22604 | SH |  | SOLE |  | 4763 | 0 | 17841 |
| Haemonetics Corp | Common Stock | 405024100 |  | 1773164 | 22545 | SH |  | SOLE |  | 4754 | 0 | 17791 |
| Universal Logistics Holdings Inc | Common Stock | 91388P105 |  | 747752 | 22361 | SH |  | SOLE |  | 213 | 0 | 22148 |
| EnPro Industries Inc | Common Stock | 29355X107 |  | 2428787 | 22346 | SH |  | SOLE |  | 2647 | 0 | 19699 |
| Murphy Oil Corp | Common Stock | 626717102 |  | 937446 | 21796 | SH |  | SOLE |  | 4590 | 0 | 17206 |
| Greene County Bancorp Mhc | Common Stock | 394357107 |  | 1216730 | 21190 | SH |  | SOLE |  | 9889 | 0 | 11301 |
| Crocs Inc | Common Stock | 227046109 |  | 2220972 | 20483 | SH |  | SOLE |  | 4314 | 0 | 16169 |
| Acadia Healthcare Co Inc | Common Stock | 00404A109 |  | 1677352 | 20376 | SH |  | SOLE |  | 4289 | 0 | 16087 |
| Lattice Semiconductor Corp | Common Stock | 518415104 |  | 1321346 | 20366 | SH |  | SOLE |  | 4285 | 0 | 16081 |
| BELLUS Health Inc | Common Stock | 07987C204 |  | 163867 | 20039 | SH |  | SOLE |  | 0 | 0 | 20039 |
| Artesian Resources Corp | Common Stock | 043113208 |  | 1153206 | 19686 | SH |  | SOLE |  | 9191 | 0 | 10495 |
| Belden Inc | Common Stock | 077454106 |  | 1356250 | 18863 | SH |  | SOLE |  | 3974 | 0 | 14889 |
| TriCo Bancshares | Common Stock | 896095106 |  | 929089 | 18221 | SH |  | SOLE |  | 174 | 0 | 18047 |
| 1st Source Corp | Common Stock | 336901103 |  | 884108 | 16653 | SH |  | SOLE |  | 159 | 0 | 16494 |
| HF Sinclair Corp | Common Stock | 403949100 |  | 864124 | 16653 | SH |  | SOLE |  | 3510 | 0 | 13143 |
| Barrett Business Services Inc | Common Stock | 068463108 |  | 1506379 | 16149 | SH |  | SOLE |  | 154 | 0 | 15995 |
| Comfort Systems USA Inc | Common Stock | 199908104 |  | 1853709 | 16108 | SH |  | SOLE |  | 3414 | 0 | 12694 |
| Atkore Inc | Common Stock | 047649108 |  | 1734532 | 15293 | SH |  | SOLE |  | 3225 | 0 | 12068 |
| Badger Meter Inc | Common Stock | 056525108 |  | 1655293 | 15182 | SH |  | SOLE |  | 3199 | 0 | 11983 |
| Applied Industrial Technologies Inc | Common Stock | 03820C105 |  | 1901919 | 15091 | SH |  | SOLE |  | 3178 | 0 | 11913 |
| Axsome Therapeutics Inc | Common Stock | 05464T104 |  | 1115146 | 14458 | SH |  | SOLE |  | 138 | 0 | 14320 |
| Banner Corp | Common Stock | 06652V208 |  | 888592 | 14060 | SH |  | SOLE |  | 134 | 0 | 13926 |
| EMCOR Group Inc | Common Stock | 29084Q100 |  | 2076798 | 14022 | SH |  | SOLE |  | 2953 | 0 | 11069 |
| Celsius Holdings Inc | Common Stock | 15118V207 |  | 1427533 | 13721 | SH |  | SOLE |  | 2889 | 0 | 10832 |
| Neurocrine Biosciences Inc | Common Stock | 64125C109 |  | 1575055 | 13187 | SH |  | SOLE |  | 2782 | 0 | 10405 |
| McGrath RentCorp | Common Stock | 580589109 |  | 1256467 | 12725 | SH |  | SOLE |  | 121 | 0 | 12604 |
| Albany International Corp | Common Stock | 012348108 |  | 1162080 | 11787 | SH |  | SOLE |  | 112 | 0 | 11675 |
| Innospec Inc | Common Stock | 45768S105 |  | 1136192 | 11046 | SH |  | SOLE |  | 105 | 0 | 10941 |
| Fabrinet | Common Stock | G3323L100 |  | 1390802 | 10847 | SH |  | SOLE |  | 2285 | 0 | 8562 |
| Addus HomeCare Corp | Common Stock | 006739106 |  | 1072104 | 10776 | SH |  | SOLE |  | 103 | 0 | 10673 |
| Post Holdings Inc | Common Stock | 737446104 |  | 959464 | 10630 | SH |  | SOLE |  | 2238 | 0 | 8392 |
| RLI Corp | Common Stock | 749607107 |  | 1347224 | 10263 | SH |  | SOLE |  | 2162 | 0 | 8101 |
| Clean Harbors Inc | Common Stock | 184496107 |  | 1127391 | 9879 | SH |  | SOLE |  | 2080 | 0 | 7799 |
| Dick's Sporting Goods Inc | Common Stock | 253393102 |  | 1124832 | 9351 | SH |  | SOLE |  | 1971 | 0 | 7380 |
| NV5 Global Inc | Common Stock | 62945V109 |  | 1190086 | 8994 | SH |  | SOLE |  | 86 | 0 | 8908 |
| City Holding Co | Common Stock | 177835105 |  | 813886 | 8743 | SH |  | SOLE |  | 83 | 0 | 8660 |
| ExlService Holdings Inc | Common Stock | 302081104 |  | 1453371 | 8578 | SH |  | SOLE |  | 1807 | 0 | 6771 |
| Sarepta Therapeutics Inc | Common Stock | 803607100 |  | 1100264 | 8491 | SH |  | SOLE |  | 1784 | 0 | 6707 |
| Curtiss-Wright Corp | Common Stock | 231561101 |  | 1413904 | 8467 | SH |  | SOLE |  | 1782 | 0 | 6685 |
| RenaissanceRe Holdings Ltd | Common Stock | G7496G103 |  | 1432388 | 7775 | SH |  | SOLE |  | 1638 | 0 | 6137 |
| Inspire Medical Systems Inc | Common Stock | 457730109 |  | 1926378 | 7648 | SH |  | SOLE |  | 1611 | 0 | 6037 |
| Madrigal Pharmaceuticals Inc | Common Stock | 558868105 |  | 2089220 | 7198 | SH |  | SOLE |  | 1517 | 0 | 5681 |
| Penumbra Inc | Common Stock | 70975L107 |  | 1243329 | 5589 | SH |  | SOLE |  | 1177 | 0 | 4412 |
| Valmont Industries Inc | Common Stock | 920253101 |  | 1771069 | 5356 | SH |  | SOLE |  | 1134 | 0 | 4222 |
| Casey's General Stores Inc | Common Stock | 147528103 |  | 1101559 | 4910 | SH |  | SOLE |  | 1034 | 0 | 3876 |
| Karuna Therapeutics Inc | Common Stock | 48576A100 |  | 928070 | 4723 | SH |  | SOLE |  | 995 | 0 | 3728 |
| Dillard's Inc | Common Stock | 254067101 |  | 1234947 | 3821 | SH |  | SOLE |  | 804 | 0 | 3017 |
| Deckers Outdoor Corp | Common Stock | 243537107 |  | 1484875 | 3720 | SH |  | SOLE |  | 783 | 0 | 2937 |
| Kinsale Capital Group Inc | Common Stock | 49714P108 |  | 901198 | 3446 | SH |  | SOLE |  | 725 | 0 | 2721 |
| Murphy USA Inc | Common Stock | 626755102 |  | 935061 | 3345 | SH |  | SOLE |  | 704 | 0 | 2641 |

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