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
AMERISERV FINANC INC COM 03074A102 65 17,000 SH   OTR   0 17,000 0
AMERISERV FINANC INC COM 03074A102 157 41,200 SH   SOLE   41,200 0 0
ASCENT INDUSTRIES COM 871565107 166 12,369 SH   OTR   0 12,369 0
ASCENT INDUSTRIES COM 871565107 646 48,000 SH   SOLE   48,000 0 0
ASTRONICS CORP COM 046433108 764 97,209 SH   OTR   0 97,209 0
ASTRONICS CORP COM 046433108 2,654 337,668 SH   SOLE   337,668 0 0
AUDACY INC CL A 05070N103 30 77,400 SH   OTR   0 77,400 0
CAMDEN NATIONAL CORP COM 133034108 1,559 36,568 SH   OTR   0 36,568 0
CAMDEN NATIONAL CORP COM 133034108 2,259 53,000 SH   SOLE   53,000 0 0
CECO ENVIRONMENTAL CORP COM 125141101 313 35,458 SH   OTR   0 35,458 0
CECO ENVIRONMENTAL CORP COM 125141101 1,002 113,371 SH   SOLE   113,371 0 0
CHASE CORP COM 16150R104 2,876 34,420 SH   OTR   0 34,420 0
CHASE CORP COM 16150R104 7,173 85,833 SH   SOLE   85,833 0 0
CITIZENS & NORTHERN CORP COM 172922106 397 16,400 SH   OTR   0 16,400 0
CITIZENS & NORTHERN CORP COM 172922106 641 26,500 SH   SOLE   26,500 0 0
CITIZENS FINL GROUP INC COM 174610105 229 6,656 SH   OTR   0 6,656 0
CITIZENS FINL GROUP INC COM 174610105 582 16,929 SH   SOLE   16,929 0 0
COLUMBIA FINANCIAL INC COM 197641103 714 33,794 SH   SOLE   33,794 0 0
COMMUNITY BANK SYS INC COM 203607106 398 6,618 SH   OTR   0 6,618 0
COMPUTER TASK GROUP INC COM 205477102 1,692 252,468 SH   OTR   0 252,468 0
COMPUTER TASK GROUP INC COM 205477102 6,726 1,003,879 SH   SOLE   1,003,879 0 0
COMPX INTERNATIONAL CL A 20563P101 115 7,097 SH   OTR   0 7,097 0
COMPX INTERNATIONAL CL A 20563P101 337 20,750 SH   SOLE   20,750 0 0
CONTANGO ORE INC COM 21077F100 447 15,400 SH   OTR   0 15,400 0
CONTANGO ORE INC COM 21077F100 2,394 82,545 SH   SOLE   82,545 0 0
CRAWFORD & CO CL B CL B 224633107 105 20,062 SH   OTR   0 20,062 0
CRAWFORD & CO CL B CL B 224633107 275 52,678 SH   SOLE   52,678 0 0
DALLASNEWS CORPORATION COM SER A 235050101 98 21,313 SH   OTR   0 21,313 0
DALLASNEWS CORPORATION COM SER A 235050101 340 73,564 SH   SOLE   73,564 0 0
DELUXE CORP COM 248019101 231 13,900 SH   OTR   0 13,900 0
DLH HOLDINGS CORP COM 23335Q100 517 42,098 SH   OTR   0 42,098 0
DLH HOLDINGS CORP COM 23335Q100 1,698 138,405 SH   SOLE   138,405 0 0
DONEGAL GROUP INC CL B 257701300 63 4,500 SH   OTR   0 4,500 0
DONEGAL GROUP INC CL B 257701300 188 13,356 SH   SOLE   13,356 0 0
DONEGAL GROUP INC CL A 257701201 309 22,875 SH   OTR   0 22,875 0
DONEGAL GROUP INC CL A 257701201 319 23,615 SH   SOLE   23,615 0 0
DORMAN PRODUCTS INC COM 258278100 705 8,590 SH   OTR   0 8,590 0
DORMAN PRODUCTS INC COM 258278100 698 8,500 SH   SOLE   8,500 0 0
EAGLE BANCORP MONT INC COM 26942G100 74 3,900 SH   OTR   0 3,900 0
EAGLE BANCORP MONT INC COM 26942G100 327 17,198 SH   SOLE   17,198 0 0
EASTERN CO COM 276317104 1,639 94,462 SH   OTR   0 94,462 0
EASTERN CO COM 276317104 5,444 313,804 SH   SOLE   313,804 0 0
ESCALADE INC COM 296056104 1,611 161,877 SH   OTR   0 161,877 0
ESCALADE INC COM 296056104 3,611 362,944 SH   SOLE   362,944 0 0
FIRST MERCHANTS CORP COM 320817109 189 4,875 SH   OTR   0 4,875 0
FIRST MERCHANTS CORP COM 320817109 193 5,000 SH   SOLE   5,000 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 129 5,700 SH   OTR   0 5,700 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 239 10,521 SH   SOLE   10,521 0 0
FNB CORP COM 302520101 136 11,690 SH   OTR   0 11,690 0
FNB CORP COM 302520101 673 58,000 SH   SOLE   58,000 0 0
FOSTER L B CO COM 350060109 337 34,624 SH   OTR   0 34,624 0
FOSTER L B CO COM 350060109 294 30,230 SH   SOLE   30,230 0 0
FREIGHTCAR AMERICA INC COM 357023100 800 214,584 SH   OTR   0 214,584 0
FREIGHTCAR AMERICA INC COM 357023100 2,132 571,503 SH   SOLE   571,503 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109 1,652 218,000 SH   OTR   0 218,000 0
GREAT LAKES DREDGE & DOCK CO COM 390607109 5,977 788,540 SH   SOLE   788,540 0 0
GSE SYSTEMS INC COM 36227K106 124 138,239 SH   OTR   0 138,239 0
GSE SYSTEMS INC COM 36227K106 416 461,847 SH   SOLE   461,847 0 0
HORIZON BANCORP INDIANA COM 440407104 127 7,052 SH   OTR   0 7,052 0
HORIZON BANCORP INDIANA COM 440407104 503 28,000 SH   SOLE   28,000 0 0
HV BANCORP INC COM 40441H105 538 25,890 SH   SOLE   25,890 0 0
ICC HOLDINGS INC COM 44931Q104 128 8,414 SH   OTR   0 8,414 0
ICC HOLDINGS INC COM 44931Q104 381 24,953 SH   SOLE   24,953 0 0
IMMUCELL CORP COM 452525306 34 4,554 SH   OTR   0 4,554 0
IMMUCELL CORP COM 452525306 55 7,404 SH   SOLE   7,404 0 0
INFUSYSTEM HLDGS INC COM 45685K102 1,765 183,884 SH   OTR   0 183,884 0
INFUSYSTEM HLDGS INC COM 45685K102 6,364 662,967 SH   SOLE   662,967 0 0
KEWAUNEE SCIENTIFIC CORP COM 492854104 2,116 117,473 SH   SOLE   117,473 0 0
KEWAUNEE SCIENTIFIC CORP COM 492854104 731 40,594 SH   OTR   0 40,594 0
LAKE SHORE BANCORP INC COM 510700107 75 5,700 SH   OTR   0 5,700 0
LAKE SHORE BANCORP INC COM 510700107 184 14,000 SH   SOLE   14,000 0 0
LGL GROUP INC COM 50186A108 55 4,901 SH   OTR   0 4,901 0
LGL GROUP INC COM 50186A108 91 8,000 SH   SOLE   8,000 0 0
LUMOS PHARMA INC COM 55028X109 120 13,549 SH   OTR   0 13,549 0
LUMOS PHARMA INC COM 55028X109 181 20,466 SH   SOLE   20,466 0 0
MALVERN BANCORP INC COM 561409103 690 48,000 SH   SOLE   48,000 0 0
MALVERN BANCORP INC COM 561409103 75 5,206 SH   OTR   0 5,206 0
MID PENN BANCORP COM 59540G107 359 12,503 SH   OTR   0 12,503 0
MID PENN BANCORP COM 59540G107 1,127 39,229 SH   SOLE   39,229 0 0
MID SOUTHERN BANCORP COM 59548Q107 120 8,915 SH   OTR   0 8,915 0
MID SOUTHERN BANCORP COM 59548Q107 172 12,791 SH   SOLE   12,791 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 886 77,547 SH   OTR   0 77,547 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 2,997 262,165 SH   SOLE   262,165 0 0
NEXTCURE INC COM 65343E108 33 11,900 SH   OTR   0 11,900 0
NEXTCURE INC COM 65343E108 54 19,813 SH   SOLE   19,813 0 0
NI HOLDINGS INC COM 65342T106 394 29,500 SH   OTR   0 29,500 0
NI HOLDINGS INC COM 65342T106 1,340 100,400 SH   SOLE   100,400 0 0
NORTHEAST CMNTY BANCORP INC COM 664121100 20 1,639 SH   OTR   0 1,639 0
NORTHEAST CMNTY BANCORP INC COM 664121100 291 23,500 SH   SOLE   23,500 0 0
NORTHWEST BANCSHARES INC MD COM 667340103 513 38,000 SH   SOLE   38,000 0 0
NORWOOD FINANCIAL CORP COM 669549107 126 4,729 SH   OTR   0 4,729 0
NORWOOD FINANCIAL CORP COM 669549107 238 8,952 SH   SOLE   8,952 0 0
OCONEE FED FINL CORP COM 675607105 276 11,451 SH   SOLE   11,451 0 0
PATHFINDER BANCORP INC COM 70319R109 964 47,399 SH   OTR   0 47,399 0
PATHFINDER BANCORP INC COM 70319R109 4,154 204,250 SH   SOLE   204,250 0 0
PATRIOT TRANSPORTATION HOLDING INC COM 70338W105 350 44,541 SH   OTR   0 44,541 0
PATRIOT TRANSPORTATION HOLDING INC COM 70338W105 1,588 202,042 SH   SOLE   202,042 0 0
PROASSURANCE CORP COM 74267C106 166 8,534 SH   OTR   0 8,534 0
PROASSURANCE CORP COM 74267C106 170 8,700 SH   SOLE   8,700 0 0
RICHMOND MUTUAL BANCORP COM 76525P100 403 30,000 SH   SOLE   30,000 0 0
SAGA COMMUNICATIONS INC CL A NEW 786598300 1,396 53,707 SH   OTR   0 53,707 0
SAGA COMMUNICATIONS INC CL A NEW 786598300 4,038 155,307 SH   SOLE   155,307 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 1,405 124,707 SH   OTR   0 124,707 0
SCRIPPS E W CO OHIO CL A NEW 811054402 4,493 398,700 SH   SOLE   398,700 0 0
SIFCO INDUSTRIES INC COM 826546103 235 76,608 SH   OTR   0 76,608 0
SIFCO INDUSTRIES INC COM 826546103 949 309,100 SH   SOLE   309,100 0 0
SOUTH STATE CORP COM 840441109 448 5,661 SH   OTR   0 5,661 0
STARRETT L S CO CL A 855668109 183 20,737 SH   OTR   0 20,737 0
STARRETT L S CO CL A 855668109 464 52,500 SH   SOLE   52,500 0 0
THRYV HOLDINGS INC COM NEW 886029206 221 9,703 SH   OTR   0 9,703 0
THRYV HOLDINGS INC COM NEW 886029206 912 40,000 SH   SOLE   40,000 0 0
TREDEGAR CORP COM 894650100 980 103,829 SH   OTR   0 103,829 0
TREDEGAR CORP COM 894650100 2,316 245,310 SH   SOLE   245,310 0 0
UNIVERSAL STAINLESS & ALLOY COM 913837100 1,089 154,004 SH   OTR   0 154,004 0
UNIVERSAL STAINLESS & ALLOY COM 913837100 4,092 578,823 SH   SOLE   578,823 0 0
US LIME & MINERAL COM 911922102 1,390 13,680 SH   OTR   0 13,680 0
US LIME & MINERAL COM 911922102 2,960 29,137 SH   SOLE   29,137 0 0
VILLAGE BANK & TRUST FIN CO COM NEW 92705T200 787 17,947 SH   SOLE   17,947 0 0
VILLAGE BANK & TRUST FIN CO COM NEW 92705T200 79 1,798 SH   OTR   0 1,798 0
VIRCO MANUFACTURING CO COM 927651109 917 215,749 SH   OTR   0 215,749 0
VIRCO MANUFACTURING CO COM 927651109 3,017 709,943 SH   SOLE   709,943 0 0
WILLIAMS INDUSTRIAL SERVICES GROUP INC COM 96951A104 630 426,001 SH   OTR   0 426,001 0
WILLIAMS INDUSTRIAL SERVICES GROUP INC COM 96951A104 2,160 1,459,276 SH   SOLE   1,459,276 0 0