Pacific Ridge Capital Partners, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Pacific Ridge Capital Partners, LLC reported 139 stock positions worth $435.7 million. Its top holding was Barrett Business SVCS (BBSI) at 2.8% of the portfolio, followed by Northeast Bank (NBN, 2.7%) and Natural Gas Services (NGS, 2.6%). Compared with Q3 2024, it opened 9 new positions, sold out of 7, added to 44 and reduced 43. The biggest buy was a new position in Versabank (VBNK) and the biggest sale Gpgi (GPGI, shares −87%).

Most Recent 13F
Q2 2026
Location
LAKE OSWEGO, OR
CIK
0001591546
Portfolio Value
$435.7M (Q4 2024)
SEC Filing
0001591546-25-000001 ↗ filed Feb 12, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $455.8M Q1 2024 Q2 2024: $416.1M Q2 2024 Q3 2024: $422.0M Q3 2024 Q4 2024: $435.7M $435.7M Q4 2024 Q1 2025: $379.3M Q1 2025 Q2 2025: $418.3M Q2 2025 Q3 2025: $455.0M Q3 2025 Q4 2025: $455.6M Q4 2025 Q1 2026: $461.8M Q1 2026 Q2 2026: $551.0M Q2 2026

Holdings 139 stocks · $435.7M
BBSI Barrett Business SVCS Inc. 2.82% 282,443 $12.3M Reduce -11.6%
NBN Northeast Bank 2.75% 130,418 $12.0M Reduce -19.2%
NGS Natural Gas Services Group 2.62% 426,644 $11.4M Reduce -5.6%
BBW Build-A-Bear Workshop Inc. 2.61% 247,038 $11.4M Reduce -24.3%
MCB Metropolitan Bank Holding Co. 2.45% 182,731 $10.7M Reduce -13.0%
HRTG Heritage Insurance Holdings 2.26% 813,557 $9.8M Add +33.7%
NWPX NWPX Infrastructure Inc. filed as NORTHWEST PIPE CO 2.20% 198,728 $9.6M Reduce -16.6%
FSBW FS Bancorp Inc. 2.11% 223,894 $9.2M Reduce -1.3%
MPAA Motorcar Parts of America Inc. 1.95% 1,115,849 $8.5M Add +17.1%
ALCO Alico Inc. 1.85% 310,977 $8.1M Add +39.2%
JAKK Jakks Pacific Inc. 1.85% 285,778 $8.0M Add +23.8%
STRT Strattec Security Corp. 1.80% 190,077 $7.8M Reduce -0.6%
LAKE Lakeland Industries Inc. 1.68% 286,970 $7.3M Reduce -1.2%
UNTY Unity Bancorp Inc. 1.68% 168,047 $7.3M Reduce -12.1%
FBIZ First Business Financial Ser 1.68% 157,761 $7.3M Add +3.9%
ASUR Asure Software Inc. 1.67% 773,572 $7.3M Add +12.6%
CBAN Colony Bankcorp 1.58% 426,787 $6.9M Reduce -1.3%
BWMN Bowman Consulting Group Ltd. 1.57% 274,711 $6.9M Add +7.4%
USCB Uscb Financial Holdings Inc. 1.56% 383,097 $6.8M Reduce -1.3%
CBNK Capital Bancorp Inc. 1.55% 237,247 $6.8M Reduce -1.1%
HBNC Horizon Bancorp Inc. 1.55% 419,059 $6.8M Reduce -0.8%
SNBRQ Sleep Number Corp. 1.55% 442,412 $6.7M Add +11.1%
PKBK Parke Bancorp Inc. 1.55% 328,416 $6.7M Reduce -1.2%
KE Kimball Electronics Inc. 1.54% 357,300 $6.7M Add +14.3%
TWIN Twin Disc Inc. 1.52% 565,277 $6.6M Add +16.1%
RRGB Red Robin Gourmet Burgers 1.35% 1,069,632 $5.9M Add +8.7%
DHX Dhi Group Inc. 1.32% 3,237,947 $5.7M Add +9.5%
HBB Hamilton Beach Brand-A 1.30% 337,060 $5.7M Reduce -1.3%
VBNK Versabank 1.28% 403,463 $5.6M New
FSBC Five Star Bancorp 1.27% 183,608 $5.5M Reduce -32.1%
XRN Global Medical REIT Inc. 1.26% 712,101 $5.5M Add +31.9%
BWFG Bankwell Financial Group Inc. 1.25% 174,584 $5.4M Add +30.2%
LINC Lincoln Educational Services 1.24% 340,159 $5.4M Reduce -1.2%
MLR Miller Industries Inc. 1.23% 81,797 $5.3M Reduce -16.4%
ESQ Esquire Financial Holdings I 1.21% 66,405 $5.3M Reduce -27.7%
INTT Intest Corp. 1.15% 582,483 $5.0M Add +6.6%
PINE Alpine Income Property Trust 1.15% 297,221 $5.0M Add +6.6%
MNTX Manitex International Inc. 1.12% 843,302 $4.9M Reduce -1.3%
CPS Cooper-Standard Holding 1.06% 339,768 $4.6M Add +11.0%
WTBA West Bancorporation 1.04% 209,319 $4.5M Reduce -1.1%
PMTS Cpi Card Group Inc. 1.01% 147,238 $4.4M New
ACTG Acacia Research Corp. 1.00% 1,004,495 $4.4M Add +7.8%
SAMG Silvercrest Asset Manageme-A 0.98% 231,303 $4.3M Reduce -1.3%
AXTI Axt Inc. 0.96% 1,937,424 $4.2M Add +65.4%
BOOM DMC Global Inc. 0.95% 563,443 $4.1M Add +9.8%
RMNI Rimini Street Inc. 0.95% 1,545,671 $4.1M Add +33.8%
RVSB Riverview Bancorp Inc. 0.86% 651,442 $3.7M Add +2.4%
HURC Hurco Companies Inc. 0.84% 188,958 $3.6M Add +38.6%
ASYS Amtech Systems Inc. 0.82% 652,393 $3.6M Reduce -1.3%
UEIC Universal Electronics Inc. 0.80% 318,365 $3.5M Reduce -0.1%
HBCP Home Bancorp Inc. 0.77% 72,962 $3.4M Add +72.6%
LCUT Lifetime Brands Inc. 0.75% 554,805 $3.3M Add +3.3%
ORRF Orrstown Finl Services Inc. 0.75% 89,310 $3.3M Reduce -46.7%
CIVB Civista Bancshares Inc. 0.73% 150,471 $3.2M Reduce -34.3%
DXLG Destination XL Group Inc. 0.70% 1,127,770 $3.0M Reduce -12.7%
UTI Universal Technical Institut 0.68% 115,238 $3.0M Reduce -44.6%
MG Mistras Group Inc. 0.65% 314,417 $2.8M Reduce -1.1%
FORR Forrester Research Inc. 0.65% 181,158 $2.8M Add +39.9%
RCMT RCM Technologies Inc. 0.61% 120,386 $2.7M New
BMTX BM Technologies Inc. 0.57% 503,711 $2.5M Reduce -11.3%
GNSS Genasys Inc. 0.54% 909,007 $2.4M Reduce -1.3%
IWN iShares Russell 2000 Value E 0.53% 14,129 $2.3M New
APEI American Public Education 0.52% 106,008 $2.3M New
PAMT Pamt Corp. 0.52% 139,006 $2.3M Add +28.1%
TLYS Tilly's Inc. Class A SHRS 0.51% 524,726 $2.2M Reduce -2.1%
BGSF BGSF Inc. 0.51% 424,424 $2.2M Add +33.2%
CMT Core Molding Technologies Inc. 0.46% 120,031 $2.0M New
OPITQ Office Properties Income Tru 0.43% 1,866,238 $1.9M Add +50.5%
CMTL Comtech Telecommunications 0.42% 459,630 $1.8M Reduce -11.7%
CCB Coastal Financial Corp. 0.41% 20,911 $1.8M Add +54.3%
SNYRQ Synergy CHC Corp. 0.40% 392,666 $1.7M New
OSS One Stop Systems Inc. 0.37% 483,499 $1.6M Reduce -0.8%
NNBR NN Inc. 0.35% 465,596 $1.5M Reduce -1.1%
STGW Stagwell Inc. 0.33% 220,096 $1.4M No change
FMNB Farmers Natl Banc Corp. 0.33% 99,947 $1.4M Reduce -59.5%
PRDO Perdoceo Education Corp. 0.29% 47,875 $1.3M No change
CUBI Customers Bancorp Inc. 0.29% 25,880 $1.3M Add +12.1%
SHIM Shimmick Corp. 0.29% 486,160 $1.3M Add +41.2%
PLAB Photronics Inc. 0.29% 53,419 $1.3M Add +30.3%
HSII Heidrick & Struggles Intl 0.28% 27,762 $1.2M Add +6.1%
CASH Pathward Financial Inc. 0.28% 16,317 $1.2M No change
BANC Banc of California Inc. 0.27% 77,313 $1.2M No change
BFST Business First Bancshares 0.27% 46,329 $1.2M No change
CHEF The Chefs' Warehouse Inc. 0.27% 23,654 $1.2M Reduce -26.0%
HBI Hanesbrands Inc. 0.26% 137,876 $1.1M No change
THFF First Financial Corp. 0.25% 24,007 $1.1M No change
HCSG Healthcare Services Group 0.25% 95,235 $1.1M No change
CNOB Connectone Bancorp Inc. 0.25% 47,553 $1.1M No change
QCRH QCR Holdings Inc. 0.25% 13,383 $1.1M No change
HFWA Heritage Financial Corp. 0.24% 42,306 $1.0M No change
WNC Wabash National Corp. 0.23% 58,710 $1.0M Add +9.4%
KOP Koppers Holdings Inc. 0.23% 30,850 $1000K Add +41.3%
COHU Cohu Inc. 0.23% 37,217 $994K No change
RBBN Ribbon Communications Inc. 0.23% 237,325 $987K No change
ACCO Acco Brands Corp. 0.22% 185,461 $974K No change
DBI Designer Brands Inc. Class A 0.22% 176,510 $943K Add +24.3%
BWB Bridgewater Bancshares Inc. 0.22% 69,482 $939K Reduce -14.3%
DXPE DXP Enterprises Inc. 0.21% 11,293 $933K No change
GPGI Gpgi Inc. filed as COMPOSECURE INC 0.20% 55,575 $852K Reduce -87.3%
BHE Benchmark Electronics Inc. 0.19% 18,580 $844K Reduce -16.9%
BDN Brandywine Realty Trust 0.19% 149,619 $838K No change
BCAL California Bancorp 0.18% 46,718 $773K Add +20.8%
DAKT Daktronics Inc. 0.17% 45,044 $759K No change
PLUS Eplus Inc. 0.17% 10,006 $739K No change
PENG Penguin Solutions Inc. 0.17% 38,337 $736K New
PLOW Douglas Dynamics Inc. 0.17% 30,615 $723K Add +46.5%
CMCO Columbus McKinnon Corp. 0.17% 19,355 $721K No change
UCTT Ultra Clean Holdings Inc. 0.17% 20,046 $721K No change
NTGR Netgear Inc. 0.16% 25,351 $707K No change
HCKT The Hackett Group Inc. 0.16% 22,479 $691K No change
SMSI Smith Micro Software Inc. 0.16% 521,018 $683K Add +122.2%
KELYA Kelly Services Inc. Class A 0.16% 48,855 $681K Add +18.9%
ICHR Ichor Holdings Ltd. 0.16% 21,101 $680K No change
GCT Gigacloud Technology Inc. Class A 0.15% 36,141 $669K New
CNXN PC Connection Inc. 0.15% 9,457 $655K No change
UVSP Univest Financial Corp. 0.15% 22,096 $652K Reduce -20.8%
EPC Edgewell Personal Care Co. 0.15% 18,840 $633K No change
HELE Helen of Troy Ltd. 0.14% 10,230 $612K Add +87.5%
EBF Ennis Inc. 0.14% 28,757 $606K No change
BLMN Bloomin' Brands Inc. 0.13% 46,845 $572K Add +50.3%
PRAA Pra Group Inc. 0.13% 26,808 $560K No change
GNL Global Net Lease Inc. 0.13% 75,270 $549K No change
SHYF The Shyft Group Inc. 0.13% 46,746 $549K Add +37.4%
FLWS 1-800-Flowers.com Inc. Class A 0.13% 66,666 $545K No change
CAKE The Cheesecake Factory Inc. 0.12% 10,772 $511K No change
CAL Caleres Inc. 0.11% 20,176 $467K No change
ULH Universal Logistics Holdings 0.10% 9,917 $456K No change
RMR RMR Group Inc./the - A 0.10% 22,065 $455K No change
HDSN Hudson Technologies Inc. 0.10% 79,534 $444K No change
MTRX Matrix Service Co. 0.10% 35,920 $430K No change
RGP Resources Connection Inc. 0.10% 50,368 $430K No change
ZUMZ Zumiez Inc. 0.09% 21,381 $410K No change
NPKI NPK International Inc. 0.09% 49,043 $376K No change
SMP Standard Motor Prods 0.08% 10,962 $340K No change
EPAC Enerpac Tool Group Corp. 0.08% 7,978 $328K No change
NVEE NV5 Global Inc. 0.07% 16,756 $316K No change
TBI Trueblue Inc. 0.07% 36,471 $306K No change
PATK Patrick Industries Inc. 0.06% 3,089 $257K Reduce -34.5%
SYSTEM1 INC 0.03% 138,627 $125K No change

Portfolio Sells Q3 2024 → Q4 2024
GPGI Gpgi Inc. Reduce -87.3% 0.20% −1.26
HBB Hamilton Beach Brand-A Reduce -1.3% 1.30% −1.16
ARC Arc Document Solutions Inc. Sold out 0.00% −0.95
PFIE Profire Energy Inc. Sold out 0.00% −0.70
ORRF Orrstown Finl Services Inc. Reduce -46.7% 0.75% −0.68
FSBC Five Star Bancorp Reduce -32.1% 1.27% −0.64
EBMT Eagle Bancorp Montana Inc. Sold out 0.00% −0.62
FNWB First Northwest Bancorp Sold out 0.00% −0.56
FMNB Farmers Natl Banc Corp. Reduce -59.5% 0.33% −0.56
NWPX NWPX Infrastructure Inc. Reduce -16.6% 2.20% −0.35
FSBW FS Bancorp Inc. Reduce -1.3% 2.11% −0.28
CIVB Civista Bancshares Inc. Reduce -34.3% 0.73% −0.24
GNSS Genasys Inc. Reduce -1.3% 0.54% −0.23
ESQ Esquire Financial Holdings I Reduce -27.7% 1.21% −0.21
DXLG Destination XL Group Inc. Reduce -12.7% 0.70% −0.20
NBN Northeast Bank Reduce -19.2% 2.75% −0.20
MG Mistras Group Inc. Reduce -1.1% 0.65% −0.20
MLR Miller Industries Inc. Reduce -16.4% 1.23% −0.19
CMTL Comtech Telecommunications Reduce -11.7% 0.42% −0.17
MCB Metropolitan Bank Holding Co. Reduce -13.0% 2.45% −0.17
STRT Strattec Security Corp. Reduce -0.6% 1.80% −0.14
TLYS Tilly's Inc. Class A SHRS Reduce -2.1% 0.51% −0.14
Smart Global Holdings Sold out 0.00% −0.13
UTI Universal Technical Institut Reduce -44.6% 0.68% −0.12
PKBK Parke Bancorp Inc. Reduce -1.2% 1.55% −0.10
EAT Brinker International Inc. Sold out 0.00% −0.10
ASYS Amtech Systems Inc. Reduce -1.3% 0.82% −0.09
NNBR NN Inc. Reduce -1.1% 0.35% −0.09
WWW Wolverine World Wide Inc. Sold out 0.00% −0.07
BWB Bridgewater Bancshares Inc. Reduce -14.3% 0.22% −0.06
CHEF The Chefs' Warehouse Inc. Reduce -26.0% 0.27% −0.05
BBW Build-A-Bear Workshop Inc. Reduce -24.3% 2.61% −0.05
PATK Patrick Industries Inc. Reduce -34.5% 0.06% −0.05
BHE Benchmark Electronics Inc. Reduce -16.9% 0.19% −0.04
UVSP Univest Financial Corp. Reduce -20.8% 0.15% −0.04
BBSI Barrett Business SVCS Inc. Reduce -11.6% 2.82% −0.02
MNTX Manitex International Inc. Reduce -1.3% 1.12% −0.02
CBAN Colony Bankcorp Reduce -1.3% 1.58% −0.01
HBNC Horizon Bancorp Inc. Reduce -0.8% 1.55% −0.01
SAMG Silvercrest Asset Manageme-A Reduce -1.3% 0.98% +0.02
WTBA West Bancorporation Reduce -1.1% 1.04% +0.09
CBNK Capital Bancorp Inc. Reduce -1.1% 1.55% +0.09
OSS One Stop Systems Inc. Reduce -0.8% 0.37% +0.10
UEIC Universal Electronics Inc. Reduce -0.1% 0.80% +0.11
BMTX BM Technologies Inc. Reduce -11.3% 0.57% +0.11
UNTY Unity Bancorp Inc. Reduce -12.1% 1.68% +0.14
USCB Uscb Financial Holdings Inc. Reduce -1.3% 1.56% +0.16
LINC Lincoln Educational Services Reduce -1.2% 1.24% +0.26
LAKE Lakeland Industries Inc. Reduce -1.2% 1.68% +0.30
NGS Natural Gas Services Group Reduce -5.6% 2.62% +0.58

Portfolio Buys Q3 2024 → Q4 2024
VBNK Versabank New 1.28% +1.28
PMTS Cpi Card Group Inc. New 1.01% +1.01
RCMT RCM Technologies Inc. New 0.61% +0.61
IWN iShares Russell 2000 Value E New 0.53% +0.53
APEI American Public Education New 0.52% +0.52
HRTG Heritage Insurance Holdings Add +33.7% 2.26% +0.49
CMT Core Molding Technologies Inc. New 0.46% +0.46
JAKK Jakks Pacific Inc. Add +23.8% 1.85% +0.45
RMNI Rimini Street Inc. Add +33.8% 0.95% +0.44
SNYRQ Synergy CHC Corp. New 0.40% +0.40
ALCO Alico Inc. Add +39.2% 1.85% +0.37
HBCP Home Bancorp Inc. Add +72.6% 0.77% +0.33
RRGB Red Robin Gourmet Burgers Add +8.7% 1.35% +0.32
BWFG Bankwell Financial Group Inc. Add +30.2% 1.25% +0.30
AXTI Axt Inc. Add +65.4% 0.96% +0.29
MPAA Motorcar Parts of America Inc. Add +17.1% 1.95% +0.28
CCB Coastal Financial Corp. Add +54.3% 0.41% +0.23
INTT Intest Corp. Add +6.6% 1.15% +0.20
ASUR Asure Software Inc. Add +12.6% 1.67% +0.20
PENG Penguin Solutions Inc. New 0.17% +0.17
KE Kimball Electronics Inc. Add +14.3% 1.54% +0.17
HURC Hurco Companies Inc. Add +38.6% 0.84% +0.16
GCT Gigacloud Technology Inc. Class A New 0.15% +0.15
RVSB Riverview Bancorp Inc. Add +2.4% 0.86% +0.15
BWMN Bowman Consulting Group Ltd. Add +7.4% 1.57% +0.11
SMSI Smith Micro Software Inc. Add +122.2% 0.16% +0.10
FORR Forrester Research Inc. Add +39.9% 0.65% +0.10
SHIM Shimmick Corp. Add +41.2% 0.29% +0.09
TWIN Twin Disc Inc. Add +16.1% 1.52% +0.08
HELE Helen of Troy Ltd. Add +87.5% 0.14% +0.06
CPS Cooper-Standard Holding Add +11.0% 1.06% +0.05
PLAB Photronics Inc. Add +30.3% 0.29% +0.05
PAMT Pamt Corp. Add +28.1% 0.52% +0.05
BCAL California Bancorp Add +20.8% 0.18% +0.04
HSII Heidrick & Struggles Intl Add +6.1% 0.28% +0.04
KOP Koppers Holdings Inc. Add +41.3% 0.23% +0.04
FBIZ First Business Financial Ser Add +3.9% 1.68% +0.04
CUBI Customers Bancorp Inc. Add +12.1% 0.29% +0.04
PLOW Douglas Dynamics Inc. Add +46.5% 0.17% +0.03
DHX Dhi Group Inc. Add +9.5% 1.32% +0.03
SHYF The Shyft Group Inc. Add +37.4% 0.13% +0.02
BLMN Bloomin' Brands Inc. Add +50.3% 0.13% +0.01
XRN Global Medical REIT Inc. Add +31.9% 1.26% −0.01
WNC Wabash National Corp. Add +9.4% 0.23% −0.01
ACTG Acacia Research Corp. Add +7.8% 1.00% −0.03
DBI Designer Brands Inc. Class A Add +24.3% 0.22% −0.03
KELYA Kelly Services Inc. Class A Add +18.9% 0.16% −0.05
PINE Alpine Income Property Trust Add +6.6% 1.15% −0.06
LCUT Lifetime Brands Inc. Add +3.3% 0.75% −0.08
BGSF BGSF Inc. Add +33.2% 0.51% −0.13

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 134$551.0MNBN, RRGB, VBNK, NGS, HRTG
Q1 2026 137$461.8MNBN, ALCO, NGS, MCB, HRTG
Q4 2025 138$455.6MNBN, NGS, HRTG, ALCO, BBW
Q3 2025 135$455.0MNBN, HRTG, MPAA, NWPX, NGS
Q2 2025 133$418.3MBBW, MCB, NBN, NGS, MPAA
Q1 2025 136$379.3MNBN, HRTG, BBSI, MPAA, MCB
Q4 2024 139$435.7MBBSI, NBN, NGS, BBW, MCB
Q3 2024 137$422.0MNBN, BBSI, BBW, MCB, NWPX
Q2 2024 139$416.1MBBSI, NBN, MCB, NWPX, NGS
Q1 2024 136$455.8MBBSI, BBW, NGS, NBN, NWPX