The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ARGAN ORD COM 04010E109 1,635 39,923 SH   SOLE 1 39,923 0 0
B RILEY FINANCIAL ORD COM 05580M108 2,514 111,469 SH   SOLE 1 111,469 0 0
BRYN MAWR BANK ORD COM 117665109 2,719 58,736 SH   SOLE 1 0 58,736 0
DONNELLEY FINANCIAL SOLTN ORD COM 25787G100 2,408 138,624 SH   SOLE 1 138,624 0 0
HAMILTON BEACH BRANDS HLDN CL A ORD COM CL A 40701T104 2,071 71,305 SH   SOLE 1 0 71,305 0
IES ORD COM 44951W106 2,557 152,657 SH   SOLE 1 0 152,657 0
LANDEC ORD COM 514766104 1,553 104,196 SH   SOLE 1 104,196 0 0
LIMBACH HOLDINGS ORD COM 53263P105 1,935 163,699 SH   SOLE 1 0 163,699 0
META FINANCIAL GROUP ORD COM 59100U108 1,994 20,473 SH   SOLE 1 0 20,473 0
NATURAL GAS SERVICES GROUP ORD COM 63886Q109 2,409 102,062 SH   SOLE 1 0 102,062 0
NORTHRIM BANCORP ORD COM 666762109 3,072 77,669 SH   SOLE 1 0 77,669 0
PAR PACIFIC HOLDINGS ORD COM NEW 69888T207 2,447 140,814 SH   SOLE 1 0 140,814 0
REIS ORD COM 75936P105 1,894 86,886 SH   SOLE 1 86,886 0 0
ROSETTA STONE ORD COM 777780107 2,871 179,132 SH   SOLE 1 0 179,132 0
SIGA TECHNOLOGIES ORD COM 826917106 2,785 468,794 SH   SOLE 1 0 468,794 0
TIER REIT ORD COM NEW 88650V208 2,741 115,255 SH   SOLE 1 0 115,255 0
UFP TECHNOLOGIES ORD COM 902673102 2,421 78,477 SH   SOLE 1 78,477 0 0
WINMARK ORD COM 974250102 2,924 19,695 SH   SOLE 1 0 19,695 0
YATRA ONLINE ORD ORD SHS G98338109 1,930 360,087 SH   SOLE 1 0 360,087 0