# EDGAR Filing Document

**Accession Number:** 0001166152
**File Stem:** 0001085146-25-004612
**Filing Date:** 2025-8
**Character Count:** 28209
**Document Hash:** 4fc893fa38592f1c7298c45d97067634
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-004612.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001085146-25-004612

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**EFFECTIVENESS DATE**: 20250807

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.
- **CENTRAL INDEX KEY:** 0001166152

**ORGANIZATION NAME:**
- **EIN:** 731554000
- **STATE OF INCORPORATION:** OK
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10017
- **FILM NUMBER:** 251192222

**BUSINESS ADDRESS:**
- **STREET 1:** 1924 S UTICA AVE
- **STREET 2:** SUITE 1120
- **CITY:** TULSA
- **STATE:** OK
- **ZIP:** 74104-6429
- **BUSINESS PHONE:** 918-747-3412

**MAIL ADDRESS:**
- **STREET 1:** 1924 S UTICA AVE
- **STREET 2:** SUITE 1120
- **CITY:** TULSA
- **STATE:** OK
- **ZIP:** 74104-6429

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRESCOTT GROUP CAPITAL MANAGEMENT LLC
- **DATE OF NAME CHANGE:** 20020128

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** PRESCOTT GROUP CAPITAL MANAGEMENT L.L.C.<br>**Address:** 1924 S UTICA AVE<br>SUITE 1120<br>TULSA, OK 74104-6429

**Form 13F File Number:** 028-10017

**CRD Number (if applicable):** 000115220

**SEC File Number (if applicable):** 801-60650

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:** Phil Frohlich<br>**Title:** Manager<br>**Phone:** 918.747.3412

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

/s/Phil Frohlich  Tulsa, OK  08-07-2025<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:** 254

**Form 13F Information Table Value Total:** $847245082

      (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 |
| 908 DEVICES INC | COM | 65443P102 |  | 1354736 | 190005 | SH |  | SOLE |  | 190005 | 0 | 0 |
| ACI WORLDWIDE INC | COM | 004498101 |  | 918200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 735072 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| ALICO INC | COM | 016230104 |  | 653600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ALLIANCE RESOURCE PARTNERS L | UT LTD PART | 01877R108 |  | 5573048 | 213200 | SH |  | SOLE |  | 213200 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 447800 | 2541 | SH |  | SOLE |  | 0 | 0 | 2541 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 704920 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 438780 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 473005 | 2156 | SH |  | SOLE |  | 0 | 0 | 2156 |
| AMBAC FINL GROUP INC | COM NEW | 023139884 |  | 6219437 | 875977 | SH |  | SOLE |  | 875977 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1168105 | 3662 | SH |  | SOLE |  | 3662 | 0 | 0 |
| AMERICAN PUB ED INC | COM | 02913V103 |  | 37845667 | 1242471 | SH |  | SOLE |  | 1242471 | 0 | 0 |
| AMERICAS CAR-MART INC | COM | 03062T105 |  | 14236177 | 254036 | SH |  | SOLE |  | 254036 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 2134920 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 1085760 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 1298536 | 9153 | SH |  | SOLE |  | 9153 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 391464 | 1908 | SH |  | SOLE |  | 0 | 0 | 1908 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 |  | 2324500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 499682 | 4884 | SH |  | SOLE |  | 0 | 0 | 4884 |
| ATMUS FILTRATION TECHNOLOGIE | COM | 04956D107 |  | 1092600 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| ATRENEW INC | SPONSORED ADS | 00138L108 |  | 10444493 | 3155436 | SH |  | SOLE |  | 3155436 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 5634174 | 18200 | SH |  | SOLE |  | 18200 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 4681122 | 1261 | SH |  | SOLE |  | 1261 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 441755 | 119 | SH |  | SOLE |  | 0 | 0 | 119 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 2366700 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 681395 | 823 | SH |  | SOLE |  | 0 | 0 | 823 |
| BARK INC | COM | 68622E104 |  | 1736325 | 1974218 | SH |  | SOLE |  | 1974218 | 0 | 0 |
| BARNES  NOBLE ED INC | COM NEW | 06777U200 |  | 3413300 | 290000 | SH |  | SOLE |  | 290000 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 412419 | 849 | SH |  | SOLE |  | 0 | 0 | 849 |
| BILIBILI INC | SPONS ADS REP Z | 090040106 |  | 3217500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| BILL HOLDINGS INC | COM | 090043100 |  | 925200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| BLACKSKY TECHNOLOGY INC | CL A NEW | 09263B207 |  | 1049210 | 50982 | SH |  | SOLE |  | 50982 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 439765 | 2940 | SH |  | SOLE |  | 0 | 0 | 2940 |
| BOK FINL CORP | COM NEW | 05561Q201 |  | 4880817 | 49993 | SH |  | SOLE |  | 49993 | 0 | 0 |
| BOOT BARN HLDGS INC | COM | 099406100 |  | 1661512 | 10931 | SH |  | SOLE |  | 10931 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 4195294 | 40289 | SH |  | SOLE |  | 40289 | 0 | 0 |
| BOX INC | CL A | 10316T104 |  | 1025100 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| BRINKS CO | COM | 109696104 |  | 1785800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 630412 | 2287 | SH |  | SOLE |  | 0 | 0 | 2287 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 1701210 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| BROOKDALE SR LIVING INC | COM | 112463104 |  | 5045388 | 724912 | SH |  | SOLE |  | 724912 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 3711000 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 417758 | 3768 | SH |  | SOLE |  | 0 | 0 | 3768 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 1988514 | 17041 | SH |  | SOLE |  | 17041 | 0 | 0 |
| CACI INTL INC | CL A | 127190304 |  | 4856620 | 10188 | SH |  | SOLE |  | 10188 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 500127 | 1623 | SH |  | SOLE |  | 0 | 0 | 1623 |
| CARMAX INC | COM | 143130102 |  | 2755610 | 41000 | SH |  | SOLE |  | 41000 | 0 | 0 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 2041080 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| CATO CORP NEW | CL A | 149205106 |  | 285844 | 101724 | SH |  | SOLE |  | 101724 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 1681440 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 2195202 | 7321 | SH |  | SOLE |  | 7321 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 2097542 | 38643 | SH |  | SOLE |  | 38643 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 4425000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 3068596 | 12601 | SH |  | SOLE |  | 12601 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 4323678 | 19400 | SH |  | SOLE |  | 19400 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 450643 | 2022 | SH |  | SOLE |  | 0 | 0 | 2022 |
| CIVEO CORP CDA | COM NEW | 17878Y207 |  | 7073252 | 306334 | SH |  | SOLE |  | 306334 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 9399840 | 48000 | SH |  | SOLE |  | 48000 | 0 | 0 |
| CODEXIS INC | COM | 192005106 |  | 1709442 | 700591 | SH |  | SOLE |  | 700591 | 0 | 0 |
| COMMUNITY HEALTH SYS INC NEW | COM | 203668108 |  | 785958 | 231164 | SH |  | SOLE |  | 231164 | 0 | 0 |
| COMMVAULT SYS INC | COM | 204166102 |  | 2614950 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| CONCENTRIX CORP | COM | 20602D101 |  | 2114200 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 365522 | 7449 | SH |  | SOLE |  | 0 | 0 | 7449 |
| CORPAY INC | COM SHS | 219948106 |  | 3550806 | 10701 | SH |  | SOLE |  | 10701 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1690818 | 1708 | SH |  | SOLE |  | 1708 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 415775 | 420 | SH |  | SOLE |  | 0 | 0 | 420 |
| CRA INTL INC | COM | 12618T105 |  | 749480 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 2216419 | 24144 | SH |  | SOLE |  | 24144 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 374513 | 2905 | SH |  | SOLE |  | 0 | 0 | 2905 |
| D R HORTON INC | COM | 23331A109 |  | 6376384 | 49460 | SH |  | SOLE |  | 49460 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 2393285 | 23220 | SH |  | SOLE |  | 23220 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 4466050 | 32504 | SH |  | SOLE |  | 32504 | 0 | 0 |
| DIEBOLD NIXDORF INC | COM SHS | 253651202 |  | 20396784 | 368173 | SH |  | SOLE |  | 368173 | 0 | 0 |
| DIVERSIFIED ENERGY COMPANY P | SHS NEW | G2891G204 |  | 2941144 | 200487 | SH |  | SOLE |  | 200487 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 2971200 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| EASTMAN KODAK CO | COM NEW | 277461406 |  | 1525500 | 270000 | SH |  | SOLE |  | 270000 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 508711 | 1425 | SH |  | SOLE |  | 0 | 0 | 1425 |
| ELI LILLY  CO | COM | 532457108 |  | 378852 | 486 | SH |  | SOLE |  | 0 | 0 | 486 |
| ELI LILLY  CO | COM | 532457108 |  | 1247271 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 5883790 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| EMERGENT BIOSOLUTIONS INC | COM | 29089Q105 |  | 4930279 | 772771 | SH |  | SOLE |  | 772771 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 |  | 2422310 | 19753 | SH |  | SOLE |  | 19753 | 0 | 0 |
| ENDAVA PLC | ADS | 29260V105 |  | 9301370 | 607139 | SH |  | SOLE |  | 607139 | 0 | 0 |
| ENHABIT INC | COM | 29332G102 |  | 2009092 | 208412 | SH |  | SOLE |  | 208412 | 0 | 0 |
| ENOVA INTL INC | COM | 29357K103 |  | 11630978 | 104295 | SH |  | SOLE |  | 104295 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 1768200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| EVERCORE INC | CLASS A | 29977A105 |  | 4357313 | 16137 | SH |  | SOLE |  | 16137 | 0 | 0 |
| EZCORP INC | CL A NON VTG | 302301106 |  | 3766935 | 271393 | SH |  | SOLE |  | 271393 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 3655920 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 396667 | 217 | SH |  | SOLE |  | 0 | 0 | 217 |
| FARO TECHNOLOGIES INC | COM | 311642102 |  | 658800 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 |  | 3167838 | 56508 | SH |  | SOLE |  | 56508 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 5032416 | 30400 | SH |  | SOLE |  | 30400 | 0 | 0 |
| FIRSTCASH HOLDINGS INC | COM | 33768G107 |  | 9531424 | 70530 | SH |  | SOLE |  | 70530 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 5441949 | 31564 | SH |  | SOLE |  | 31564 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 4243200 | 85000 | SH |  | SOLE |  | 85000 | 0 | 0 |
| FLUOR CORP NEW | COM | 343412102 |  | 2563500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 2524065 | 23875 | SH |  | SOLE |  | 23875 | 0 | 0 |
| FORTREA HLDGS INC | COMMON STOCK | 34965K107 |  | 700334 | 141768 | SH |  | SOLE |  | 141768 | 0 | 0 |
| FORWARD AIR CORP | COM | 34986A104 |  | 1077232 | 43897 | SH |  | SOLE |  | 43897 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 413275 | 1291 | SH |  | SOLE |  | 0 | 0 | 1291 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 4112582 | 12847 | SH |  | SOLE |  | 12847 | 0 | 0 |
| GARRETT MOTION INC | COM | 366505105 |  | 1005513 | 95672 | SH |  | SOLE |  | 95672 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 2910384 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 361777 | 895 | SH |  | SOLE |  | 0 | 0 | 895 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 8404390 | 350914 | SH |  | SOLE |  | 350914 | 0 | 0 |
| GINKGO BIOWORKS HOLDINGS INC | CL A NEW | 37611X209 |  | 8725140 | 775568 | SH |  | SOLE |  | 775568 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 4786792 | 59805 | SH |  | SOLE |  | 59805 | 0 | 0 |
| GOODRX HLDGS INC | COM CL A | 38246G108 |  | 398400 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| GRAFTECH INTL LTD | COM | 384313508 |  | 3065330 | 3151686 | SH |  | SOLE |  | 3151686 | 0 | 0 |
| GRAHAM CORP | COM | 384556106 |  | 3987337 | 80536 | SH |  | SOLE |  | 80536 | 0 | 0 |
| GREAT LAKES DREDGE  DOCK CO | COM | 390607109 |  | 7032045 | 576870 | SH |  | SOLE |  | 576870 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC | COM | 40171V100 |  | 1177250 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 10385075 | 27108 | SH |  | SOLE |  | 27108 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 829750 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 397071 | 1083 | SH |  | SOLE |  | 0 | 0 | 1083 |
| HUMANA INC | COM | 444859102 |  | 2802719 | 11464 | SH |  | SOLE |  | 11464 | 0 | 0 |
| IAMGOLD CORP | COM | 450913108 |  | 441000 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 858690 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| INNOVATE CORP | COM NEW | 45784J303 |  | 699808 | 135885 | SH |  | SOLE |  | 135885 | 0 | 0 |
| INSPIRED ENTMT INC | COM | 45782N108 |  | 2926429 | 358192 | SH |  | SOLE |  | 358192 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 6187967 | 111676 | SH |  | SOLE |  | 111676 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 539527 | 685 | SH |  | SOLE |  | 0 | 0 | 685 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 435815 | 802 | SH |  | SOLE |  | 0 | 0 | 802 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 929781 | 5900 | SH |  | SOLE |  | 5900 | 0 | 0 |
| ISHARES TR | RUS TOP 200 ETF | 464289446 |  | 20586984 | 134450 | SH |  | SOLE |  | 0 | 0 | 134450 |
| JABIL INC | COM | 466313103 |  | 3271500 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 1367250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| JFROG LTD | ORD SHS | M6191J100 |  | 5704400 | 130000 | SH |  | SOLE |  | 130000 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 844960 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| KBR INC | COM | 48242W106 |  | 3715350 | 77500 | SH |  | SOLE |  | 77500 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 515946 | 576 | SH |  | SOLE |  | 0 | 0 | 576 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 536733 | 5514 | SH |  | SOLE |  | 0 | 0 | 5514 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 3312960 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 |  | 2292960 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 424608 | 905 | SH |  | SOLE |  | 0 | 0 | 905 |
| LKQ CORP | COM | 501889208 |  | 1850500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 1819150 | 7657 | SH |  | SOLE |  | 7657 | 0 | 0 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 |  | 789880 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| MARINEMAX INC | COM | 567908108 |  | 1828658 | 72739 | SH |  | SOLE |  | 72739 | 0 | 0 |
| MARRIOTT VACATIONS WORLDWIDE | COM | 57164Y107 |  | 1590820 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 2600723 | 11895 | SH |  | SOLE |  | 11895 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 446180 | 794 | SH |  | SOLE |  | 0 | 0 | 794 |
| MEDIFAST INC | COM | 58470H101 |  | 1123564 | 79969 | SH |  | SOLE |  | 79969 | 0 | 0 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 3138603 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 527953 | 202 | SH |  | SOLE |  | 0 | 0 | 202 |
| META PLATFORMS INC | CL A | 30303M102 |  | 506330 | 686 | SH |  | SOLE |  | 0 | 0 | 686 |
| MICROSOFT CORP | COM | 594918104 |  | 516312 | 1038 | SH |  | SOLE |  | 0 | 0 | 1038 |
| MICROSOFT CORP | COM | 594918104 |  | 2238360 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 2201360 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 473203 | 647 | SH |  | SOLE |  | 0 | 0 | 647 |
| MOODYS CORP | COM | 615369105 |  | 453437 | 904 | SH |  | SOLE |  | 0 | 0 | 904 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 3899244 | 117200 | SH |  | SOLE |  | 117200 | 0 | 0 |
| MR COOPER GROUP INC | COM | 62482R107 |  | 2984200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 420443 | 729 | SH |  | SOLE |  | 0 | 0 | 729 |
| MUELLER INDS INC | COM | 624756102 |  | 2384100 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| NACCO INDS INC | CL A | 629579103 |  | 890853 | 20105 | SH |  | SOLE |  | 20105 | 0 | 0 |
| NATURES SUNSHINE PRODS INC | COM | 639027101 |  | 26372005 | 1783097 | SH |  | SOLE |  | 1783097 | 0 | 0 |
| NCR ATLEOS CORPORATION | COM SHS | 63001N106 |  | 285300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| NELNET INC | CL A | 64031N108 |  | 2083627 | 17203 | SH |  | SOLE |  | 17203 | 0 | 0 |
| NEOGENOMICS INC | COM NEW | 64049M209 |  | 292400 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 629391 | 470 | SH |  | SOLE |  | 0 | 0 | 470 |
| NEW ORIENTAL ED  TECHNOLOGY | SPON ADR | 647581206 |  | 539502 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| NEWMARK GROUP INC | CL A | 65158N102 |  | 486000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 |  | 2205285 | 12751 | SH |  | SOLE |  | 12751 | 0 | 0 |
| NEXTRACKER INC | CLASS A COM | 65290E101 |  | 568221 | 10451 | SH |  | SOLE |  | 10451 | 0 | 0 |
| NGL ENERGY PARTNERS LP | COM UNIT REPST | 62913M107 |  | 4230024 | 990638 | SH |  | SOLE |  | 990638 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 1022488 | 14393 | SH |  | SOLE |  | 14393 | 0 | 0 |
| NOAH HLDGS LTD | SPON ADS | 65487X102 |  | 4946457 | 414276 | SH |  | SOLE |  | 414276 | 0 | 0 |
| NU SKIN ENTERPRISES INC | CL A | 67018T105 |  | 13859518 | 1734608 | SH |  | SOLE |  | 1734608 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 557231 | 3527 | SH |  | SOLE |  | 0 | 0 | 3527 |
| NVR INC | COM | 62944T105 |  | 4918850 | 666 | SH |  | SOLE |  | 666 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 1847775 | 35500 | SH |  | SOLE |  | 35500 | 0 | 0 |
| ONEMAIN HLDGS INC | COM | 68268W103 |  | 4617000 | 81000 | SH |  | SOLE |  | 81000 | 0 | 0 |
| ONITY GROUP INC | COM NEW | 675746606 |  | 6282515 | 164593 | SH |  | SOLE |  | 164593 | 0 | 0 |
| OR ROYALTIES INC. | COM SHS | 68390D106 |  | 7404480 | 288000 | SH |  | SOLE |  | 288000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1500243 | 6862 | SH |  | SOLE |  | 6862 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 6083775 | 67500 | SH |  | SOLE |  | 67500 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 427216 | 4740 | SH |  | SOLE |  | 0 | 0 | 4740 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 476811 | 2330 | SH |  | SOLE |  | 0 | 0 | 2330 |
| PATRICK INDS INC | COM | 703343103 |  | 2357037 | 25545 | SH |  | SOLE |  | 25545 | 0 | 0 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 |  | 1008100 | 170000 | SH |  | SOLE |  | 170000 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 3493040 | 47000 | SH |  | SOLE |  | 47000 | 0 | 0 |
| PEGASYSTEMS INC | COM | 705573103 |  | 2814760 | 52000 | SH |  | SOLE |  | 52000 | 0 | 0 |
| PENN ENTERTAINMENT INC | COM | 707569109 |  | 1072200 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| PENNYMAC FINL SVCS INC NEW | COM | 70932M107 |  | 3588536 | 36015 | SH |  | SOLE |  | 36015 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 1205536 | 11743 | SH |  | SOLE |  | 11743 | 0 | 0 |
| PERFORMANT HEALTHCARE INC | COM | 71377E105 |  | 63173165 | 15793291 | SH |  | SOLE |  | 15793291 | 0 | 0 |
| PERMA-FIX ENVIRONMENTAL SVCS | COM NEW | 714157203 |  | 8175534 | 777142 | SH |  | SOLE |  | 777142 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 2751240 | 202000 | SH |  | SOLE |  | 202000 | 0 | 0 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 3680801 | 189439 | SH |  | SOLE |  | 189439 | 0 | 0 |
| PLAYAGS INC | COM | 72814N104 |  | 3273629 | 262100 | SH |  | SOLE |  | 262100 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 |  | 4855727 | 17743 | SH |  | SOLE |  | 17743 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 412832 | 1547 | SH |  | SOLE |  | 0 | 0 | 1547 |
| PTC INC | COM | 69370C100 |  | 689360 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 4417865 | 11685 | SH |  | SOLE |  | 11685 | 0 | 0 |
| QUEST RESOURCE HLDG CORP | COM NEW | 74836W203 |  | 70211 | 34758 | SH |  | SOLE |  | 34758 | 0 | 0 |
| RADNET INC | COM | 750491102 |  | 2368082 | 41611 | SH |  | SOLE |  | 41611 | 0 | 0 |
| RENTOKIL INITIAL PLC | SPONSORED ADR | 760125104 |  | 720001 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| REPOSITRAK INC | COM NEW | 700215304 |  | 516481 | 26284 | SH |  | SOLE |  | 26284 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 4569150 | 35814 | SH |  | SOLE |  | 35814 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 5805901 | 39761 | SH |  | SOLE |  | 39761 | 0 | 0 |
| RUSH ENTERPRISES INC | CL A | 781846209 |  | 2539649 | 49304 | SH |  | SOLE |  | 49304 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 435542 | 826 | SH |  | SOLE |  | 0 | 0 | 826 |
| SABRE CORP | COM | 78573M104 |  | 843669 | 266984 | SH |  | SOLE |  | 266984 | 0 | 0 |
| SANDSTORM GOLD LTD | COM NEW | 80013R206 |  | 2161699 | 229968 | SH |  | SOLE |  | 229968 | 0 | 0 |
| SCIENCE APPLICATIONS INTL CO | COM | 808625107 |  | 1801760 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 481141 | 468 | SH |  | SOLE |  | 0 | 0 | 468 |
| SERVICENOW INC | COM | 81762P102 |  | 3701088 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 401044 | 1168 | SH |  | SOLE |  | 0 | 0 | 1168 |
| SIMULATIONS PLUS INC | COM | 829214105 |  | 1396000 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| SKECHERS U S A INC | CL A | 830566105 |  | 4230035 | 67037 | SH |  | SOLE |  | 67037 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 622360 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| SONIDA SENIOR LIVING INC | COM | 140475203 |  | 439220 | 17604 | SH |  | SOLE |  | 17604 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 24456357 | 39583 | SH |  | SOLE |  | 0 | 0 | 39583 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 27940493 | 49323 | SH |  | SOLE |  | 49323 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 1566106 | 17073 | SH |  | SOLE |  | 17073 | 0 | 0 |
| SPDR SERIES TRUST | S REGL BKG | 78464A698 |  | 4751200 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| SPIRE GLOBAL INC | COM CL A NEW | 848560306 |  | 1190000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| SPS COMM INC | COM | 78463M107 |  | 1496990 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 497105 | 5425 | SH |  | SOLE |  | 5425 | 0 | 0 |
| STEREOTAXIS INC | COM NEW | 85916J409 |  | 2415214 | 1139252 | SH |  | SOLE |  | 1139252 | 0 | 0 |
| STIFEL FINL CORP | COM | 860630102 |  | 2109432 | 20326 | SH |  | SOLE |  | 20326 | 0 | 0 |
| SUPERIOR GROUP OF CO INC | COM | 868358102 |  | 763415 | 74118 | SH |  | SOLE |  | 74118 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 1281700 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 469615 | 916 | SH |  | SOLE |  | 0 | 0 | 916 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 2264900 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 540405 | 2386 | SH |  | SOLE |  | 0 | 0 | 2386 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 1357001 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 7927365 | 230179 | SH |  | SOLE |  | 230179 | 0 | 0 |
| TELOS CORP MD | COM | 87969B101 |  | 500575 | 157910 | SH |  | SOLE |  | 157910 | 0 | 0 |
| THE BEAUTY HEALTH COMPANY | COM CL A | 88331L108 |  | 1596643 | 835939 | SH |  | SOLE |  | 835939 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 4123655 | 12474 | SH |  | SOLE |  | 12474 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 330450 | 815 | SH |  | SOLE |  | 0 | 0 | 815 |
| TJX COS INC NEW | COM | 872540109 |  | 4287449 | 34719 | SH |  | SOLE |  | 34719 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 421224 | 3411 | SH |  | SOLE |  | 0 | 0 | 3411 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 507833 | 1161 | SH |  | SOLE |  | 0 | 0 | 1161 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 468357 | 308 | SH |  | SOLE |  | 0 | 0 | 308 |
| TUTOR PERINI CORP | COM | 901109108 |  | 10464592 | 223698 | SH |  | SOLE |  | 223698 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 930166 | 1569 | SH |  | SOLE |  | 1569 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 747168 | 2395 | SH |  | SOLE |  | 0 | 0 | 2395 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 867277 | 2780 | SH |  | SOLE |  | 2780 | 0 | 0 |
| V2X INC | COM | 92242T101 |  | 4840678 | 99705 | SH |  | SOLE |  | 99705 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 872200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 386879 | 869 | SH |  | SOLE |  | 0 | 0 | 869 |
| VESTIS CORPORATION | COM SHS | 29430C102 |  | 891611 | 155604 | SH |  | SOLE |  | 155604 | 0 | 0 |
| VICOR CORP | COM | 925815102 |  | 4585715 | 101096 | SH |  | SOLE |  | 101096 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 1144029 | 11700 | SH |  | SOLE |  | 11700 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 223557 | 977 | SH |  | SOLE |  | 977 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 426749 | 1865 | SH |  | SOLE |  | 0 | 0 | 1865 |
| WEATHERFORD INTL PLC | ORD SHS | G48833118 |  | 1034273 | 20558 | SH |  | SOLE |  | 20558 | 0 | 0 |
| XPLR INFRASTRUCTURE LP | COM UNIT PART IN | 65341B106 |  | 8454897 | 1031085 | SH |  | SOLE |  | 1031085 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 3041025 | 19500 | SH |  | SOLE |  | 19500 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 2197580 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |

---