| BBW Build-A-Bear Workshop Inc. | 7.75% | 185,484 | $11.4M | No change |
| AEM Agnico Eagle Mines Ltd. | 5.47% | 47,331 | $8.0M | Reduce -17.0% |
| TAYD Taylor Devices Inc. | 5.00% | 125,594 | $7.3M | No change |
| HL Hecla Mining Co. | 4.66% | 356,595 | $6.8M | Reduce -45.5% |
| HURC Hurco Companies Inc. | 4.50% | 427,510 | $6.6M | Add +8.8% |
| NGD New Gold Inc. | 4.16% | 700,255 | $6.1M | Reduce -0.2% |
| GLD SPDR Gold Shares | 3.94% | 14,597 | $5.8M | Add +0.4% |
| NEM Newmont Corp. | 3.92% | 57,600 | $5.8M | Reduce -5.4% |
| BRT BRT Apartments Corp. | 3.78% | 377,672 | $5.6M | Add +9.9% |
| AGI Alamos Gold Inc. Class A | 3.77% | 143,105 | $5.5M | Reduce -16.3% |
| UHAL.B U-Haul Holding Co.-Non Voting | 3.72% | 116,768 | $5.5M | Add +137.5% |
| CSCO Cisco Systems Inc. | 3.39% | 64,598 | $5.0M | Reduce -1.7% |
| COLM Columbia Sportswear Co. | 3.20% | 85,219 | $4.7M | Add +1.3% |
| IIIN Insteel Industries Inc. | 3.01% | 139,364 | $4.4M | Add +1.1% |
| GLW Corning Inc. | 2.87% | 48,024 | $4.2M | Reduce -2.8% |
| B Barrick Mining Corp. | 2.87% | 96,555 | $4.2M | Reduce -9.6% |
| CVX Chevron Corp. | 2.68% | 25,819 | $3.9M | Add +2.3% |
| SMHI Seacor Marine Holdings Inc. | 2.27% | 553,833 | $3.3M | Add +0.5% |
| CPBI Central Plains Bancshares Inc. | 2.02% | 175,000 | $3.0M | No change |
| BVFL BV Financial Inc. filed as BV FINL INC | 1.85% | 150,000 | $2.7M | No change |
| LSBK Lake Shore Bancorp Inc. | 1.80% | 180,000 | $2.6M | No change |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 1.74% | 112,290 | $2.6M | No change |
| HTB Hometrust Bancshares Inc. | 1.54% | 52,708 | $2.3M | No change |
| TRC Tejon Ranch Co. | 1.52% | 141,681 | $2.2M | Add +7.6% |
| CCNE CNB Financial Corp. | 1.31% | 73,653 | $1.9M | No change |
| NBBK NB Bancorp Inc. | 1.12% | 82,999 | $1.6M | No change |
| SFBC Sound Financial Bancorp Inc. | 0.97% | 32,645 | $1.4M | No change |
| PBHC Pathfinder Bancorp Inc. | 0.88% | 91,915 | $1.3M | No change |
| CDE Coeur Mining Inc. | 0.87% | 71,986 | $1.3M | Reduce -69.5% |
| AXR Amrep Corp. | 0.86% | 66,950 | $1.3M | No change |
| CARE Carter Bankshares Inc. | 0.84% | 62,500 | $1.2M | No change |
| IROQ If Bancorp Inc. | 0.81% | 44,350 | $1.2M | No change |
| CEF Sprott Physical Gold and Sil | 0.79% | 25,160 | $1.2M | Reduce -1.3% |
| ASRV Ameriserv Financial Inc. | 0.77% | 352,583 | $1.1M | No change |
| PGC Peapack Gladstone Finl Corp. | 0.75% | 39,250 | $1.1M | No change |
| ECBK Ecb Bancorp Inc. | 0.72% | 61,007 | $1.1M | No change |
| MPB Mid Penn Bancorp Inc. | 0.68% | 31,950 | $991K | No change |
| TCBS Texas Community Bancshares | 0.67% | 54,485 | $979K | No change |
| CBAN Colony Bankcorp | 0.65% | 53,750 | $958K | New |
| BRBS Blue Ridge Bankshares Inc. | 0.58% | 200,460 | $856K | No change |
| GDX Vaneck Gold Miners ETF | 0.56% | 9,504 | $815K | Reduce -3.5% |
| FSUN Firstsun Capital Bancorp | 0.54% | 21,150 | $796K | No change |
| TSBK Timberland Bancorp Inc. | 0.48% | 19,839 | $710K | Add +50.0% |
| MRAM Everspin Technologies Inc. | 0.44% | 68,967 | $640K | Reduce -8.0% |
| RMBI Richmond Mutual Bancorporati | 0.38% | 40,000 | $562K | No change |
| VLO Valero Energy Corp. | 0.38% | 3,400 | $553K | Reduce -3.2% |
| WSBK Winchester Bancorp Inc. | 0.36% | 50,000 | $523K | No change |
| FFWM First Foundation Inc. | 0.35% | 84,387 | $520K | No change |
| AVBC Avidia Bancorp Inc. | 0.30% | 26,502 | $445K | No change |
| MGYR Magyar Bancorp Inc. | 0.28% | 24,080 | $416K | No change |
| RIO Rio Tinto PLC-Spon ADR | 0.25% | 4,500 | $360K | No change |
| UHAL U-Haul Holding Co. | 0.21% | 5,990 | $302K | No change |
| ACNT Ascent Industries Co. | 0.19% | 17,412 | $282K | New |
| CTWO Cotwo Physical Eua Trust filed as COTWO ADVISORS PHYSICAL EURO | 0.16% | 11,809 | $234K | New |
| XOM Exxon Mobil Corp. | 0.14% | 1,760 | $212K | New |
| MUX McEwen Inc. | 0.14% | 10,925 | $202K | Reduce -2.0% |
| SRBK Sr Bancorp Inc. | 0.11% | 10,514 | $165K | New |