Pacific Ridge Capital Partners, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Pacific Ridge Capital Partners, LLC reported 135 stock positions worth $455.0 million. Its top holding was Northeast Bank (NBN) at 2.7% of the portfolio, followed by Heritage Insurance (HRTG, 2.5%) and Motorcar Parts of America (MPAA, 2.4%). Compared with Q2 2025, it opened 6 new positions, sold out of 4, added to 28 and reduced 58. The biggest buy was a new position in Repay (RPAY) and the biggest sale Strattec Security (STRT, shares −47%).

Most Recent 13F
Q2 2026
Location
LAKE OSWEGO, OR
CIK
0001591546
Portfolio Value
$455.0M (Q3 2025)
SEC Filing
0001591546-25-000017 ↗ filed Nov 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 Q4 2024 Q1 2025: $379.3M Q1 2025 Q2 2025: $418.3M Q2 2025 Q3 2025: $455.0M $455.0M Q3 2025 Q4 2025: $455.6M Q4 2025 Q1 2026: $461.8M Q1 2026 Q2 2026: $551.0M Q2 2026

Holdings 135 stocks · $455.0M
NBN Northeast Bank 2.66% 120,991 $12.1M Reduce -1.9%
HRTG Heritage Insurance Holdings 2.54% 458,929 $11.6M Add +27.2%
MPAA Motorcar Parts of America Inc. 2.43% 669,281 $11.1M Reduce -25.9%
NWPX NWPX Infrastructure Inc. 2.43% 208,770 $11.1M Reduce -2.3%
NGS Natural Gas Services Group 2.41% 391,287 $11.0M Reduce -2.2%
BWMN Bowman Consulting Group Ltd. 2.35% 252,050 $10.7M Reduce -2.3%
BBW Build-A-Bear Workshop Inc. 2.26% 157,617 $10.3M Reduce -26.3%
ALCO Alico Inc. 2.23% 292,923 $10.2M Reduce -2.3%
MCB Metropolitan Bank Holding Co. 2.20% 133,859 $10.0M Reduce -14.7%
KE Kimball Electronics Inc. 2.17% 331,002 $9.9M Reduce -2.2%
RRGB Red Robin Gourmet Burgers 1.92% 1,275,939 $8.8M Reduce -2.3%
DHX Dhi Group Inc. 1.90% 3,109,135 $8.6M Reduce -4.7%
FSBW FS Bancorp Inc. 1.87% 213,641 $8.5M Reduce -2.3%
AXTI Axt Inc. 1.77% 1,793,797 $8.1M Reduce -2.3%
RMNI Rimini Street Inc. 1.75% 1,697,839 $7.9M Reduce -1.9%
BWFG Bankwell Financial Group Inc. 1.68% 172,537 $7.6M Reduce -2.3%
TWIN Twin Disc Inc. 1.67% 544,840 $7.6M Reduce -2.3%
UNTY Unity Bancorp Inc. 1.66% 154,119 $7.5M Reduce -2.2%
FBIZ First Business Financial Ser 1.63% 144,623 $7.4M Reduce -2.2%
VBNK Versabank 1.62% 602,453 $7.4M Reduce -2.3%
LINC Lincoln Educational Services 1.61% 312,569 $7.3M Add +33.1%
AVNW Aviat Networks Inc. 1.57% 311,254 $7.1M Add +34.5%
HBNC Horizon Bancorp Inc. 1.55% 440,502 $7.1M Add +12.1%
LAKE Lakeland Industries Inc. 1.55% 475,793 $7.0M Reduce -1.2%
APEI American Public Education 1.49% 172,225 $6.8M Reduce -15.7%
CBAN Colony Bankcorp 1.46% 391,382 $6.7M Reduce -2.2%
FSBC Five Star Bancorp 1.43% 201,592 $6.5M Reduce -1.9%
PKBK Parke Bancorp Inc. 1.43% 301,126 $6.5M Reduce -2.2%
JAKK Jakks Pacific Inc. 1.40% 341,133 $6.4M Add +2.5%
CBNK Capital Bancorp Inc. 1.40% 200,189 $6.4M Reduce -2.3%
USCB Uscb Financial Holdings Inc. 1.35% 351,307 $6.1M Reduce -2.2%
ASYS Amtech Systems Inc. 1.32% 646,489 $6.0M Reduce -2.3%
PMTS Cpi Card Group Inc. 1.30% 391,325 $5.9M Add +75.0%
ASUR Asure Software Inc. 1.29% 714,684 $5.9M Reduce -2.0%
CPS Cooper-Standard Holding 1.27% 156,343 $5.8M Reduce -36.3%
BOOM DMC Global Inc. 1.25% 670,390 $5.7M Add +12.7%
AII American Integrity Insurance 1.23% 250,253 $5.6M Add +27.3%
SNBRQ Sleep Number Corp. 1.19% 774,276 $5.4M Reduce -1.0%
STRT Strattec Security Corp. 1.18% 78,561 $5.3M Reduce -46.9%
ORRF Orrstown Finl Services Inc. 1.13% 151,427 $5.1M Reduce -2.3%
MLR Miller Industries Inc. 1.08% 121,261 $4.9M Add +24.3%
RCMT RCM Technologies Inc. 1.07% 183,471 $4.9M Reduce -2.3%
HBB Hamilton Beach Brand-A 1.03% 327,373 $4.7M Reduce -2.2%
FORR Forrester Research Inc. 1.01% 432,322 $4.6M Add +5.1%
HBCP Home Bancorp Inc. 1.00% 83,622 $4.5M Reduce -2.3%
XRN Chiron Real Estate Inc. filed as GLOBAL MED REIT INC 0.99% 133,547 $4.5M Reduce -1.9%
INTT Intest Corp. 0.92% 538,822 $4.2M Reduce -2.3%
SUNS Sunrise Realty Trust Inc. 0.85% 372,774 $3.9M Add +55.9%
PINE Alpine Income Property Trust 0.85% 273,296 $3.9M Reduce -2.2%
RVSB Riverview Bancorp Inc. 0.83% 699,506 $3.8M Add +10.4%
SAMG Silvercrest Asset Manageme-A 0.73% 212,121 $3.3M Reduce -2.2%
RPAY Repay Holdings Corp. 0.71% 617,474 $3.2M New
HURC Hurco Companies Inc. 0.67% 175,564 $3.1M Reduce -2.2%
CMT Core Molding Technologies Inc. 0.67% 148,163 $3.0M Reduce -2.2%
MG Mistras Group Inc. 0.63% 290,650 $2.9M Reduce -2.0%
ESQ Esquire Financial Holdings I 0.62% 27,687 $2.8M Reduce -26.2%
BGSF BGSF Inc. 0.62% 394,365 $2.8M Reduce -2.2%
GNSS Genasys Inc. 0.61% 1,136,349 $2.8M Add +2.7%
ACTG Acacia Research Corp. 0.60% 839,201 $2.7M Reduce -2.2%
OSS One Stop Systems Inc. 0.53% 445,794 $2.4M Reduce -2.0%
PAMT Pamt Corp. 0.45% 179,636 $2.0M Add +17.7%
LCUT Lifetime Brands Inc. 0.44% 514,453 $2.0M Reduce -2.2%
CCB Coastal Financial Corp. 0.40% 16,724 $1.8M Reduce -6.6%
SRTS Sensus Healthcare Inc. 0.40% 573,389 $1.8M Add +26.1%
UEIC Universal Electronics Inc. 0.37% 360,616 $1.7M Reduce -2.2%
CUBI Customers Bancorp Inc. 0.37% 25,670 $1.7M No change
PRDO Perdoceo Education Corp. 0.36% 43,959 $1.7M No change
PLAB Photronics Inc. 0.36% 71,413 $1.6M Add +7.2%
HCSG Healthcare Services Group 0.35% 94,453 $1.6M No change
DXLG Destination XL Group Inc. 0.34% 1,173,808 $1.5M Reduce -2.2%
BBSI Barrett Business SVCS Inc. 0.32% 33,180 $1.5M Reduce -72.4%
STGW Stagwell Inc. 0.31% 250,894 $1.4M No change
BANC Banc of California Inc. 0.31% 84,652 $1.4M No change
HSII Heidrick & Struggles Intl 0.30% 27,536 $1.4M No change
DXPE DXP Enterprises Inc. 0.29% 11,207 $1.3M No change
GPGI Gpgi Inc. filed as COMPOSECURE INC 0.29% 63,246 $1.3M No change
PENG Penguin Solutions Inc. 0.27% 47,589 $1.3M No change
CMTL Comtech Telecommunications 0.27% 475,980 $1.2M Reduce -2.2%
BWB Bridgewater Bancshares Inc. 0.27% 68,883 $1.2M No change
CASH Pathward Financial Inc. 0.26% 16,190 $1.2M No change
SHIM Shimmick Corp. 0.26% 451,705 $1.2M Reduce -2.1%
CNOB Connectone Bancorp Inc. 0.26% 47,195 $1.2M No change
KELYA Kelly Services Inc. Class A 0.25% 86,693 $1.1M Add +14.6%
HELE Helen of Troy Ltd. 0.24% 43,987 $1.1M Add +78.7%
BFST Business First Bancshares 0.23% 45,264 $1.1M No change
KOP Koppers Holdings Inc. 0.23% 37,808 $1.1M Add +9.9%
CRI Carter's Inc. 0.23% 36,672 $1.0M Add +62.5%
HDSN Hudson Technologies Inc. 0.23% 103,580 $1.0M No change
HFWA Heritage Financial Corp. 0.22% 41,965 $1.0M No change
THFF First Financial Corp. 0.22% 17,970 $1.0M No change
QCRH QCR Holdings Inc. 0.22% 13,286 $1.0M No change
TLYS Tilly's Inc. Class A SHRS 0.22% 487,460 $1.0M Reduce -2.2%
BCAL California Bancorp 0.22% 60,071 $1.0M No change
AEBI Aebi Schmidt Holding AG 0.21% 77,108 $962K Add +59.9%
PLOW Douglas Dynamics Inc. 0.21% 30,367 $949K No change
UCTT Ultra Clean Holdings Inc. 0.21% 34,540 $941K No change
DAKT Daktronics Inc. 0.21% 44,692 $935K No change
RBBN Ribbon Communications Inc. 0.20% 235,329 $894K No change
COHU Cohu Inc. 0.20% 43,941 $893K No change
NNBR NN Inc. 0.19% 426,749 $879K Reduce -2.3%
WNC Wabash National Corp. 0.19% 88,181 $870K Add +8.1%
WTBA West Bancorporation 0.19% 42,751 $869K Reduce -67.1%
ACCO Acco Brands Corp. 0.19% 212,523 $848K No change
GBFH Gbank Financial Holdings Inc. 0.17% 20,013 $786K Add +35.2%
HCKT The Hackett Group Inc. 0.16% 39,299 $747K Add +43.6%
BDN Brandywine Realty Trust 0.16% 175,307 $731K No change
CAL Caleres Inc. 0.16% 55,931 $729K No change
EBF Ennis Inc. 0.16% 39,064 $714K Add +36.9%
BHE Benchmark Electronics Inc. 0.16% 18,416 $710K No change
PLUS Eplus Inc. 0.15% 9,925 $705K No change
GCT Gigacloud Technology Inc. Class A 0.15% 24,274 $689K Reduce -40.9%
ABX Abacus Global Management Inc. 0.15% 120,063 $688K No change
DBI Designer Brands Inc. Class A 0.14% 174,969 $619K No change
GNL Global Net Lease Inc. 0.13% 74,666 $607K No change
CNXN PC Connection Inc. 0.13% 9,384 $582K No change
SMP Standard Motor Prods 0.13% 14,134 $577K No change
EPC Edgewell Personal Care Co. 0.12% 27,426 $558K Add +46.7%
NPKI NPK International Inc. 0.12% 48,657 $550K No change
NCMI National Cinemedia Inc. 0.12% 119,186 $538K Add +53.3%
CLB Core Laboratories Inc. 0.12% 42,443 $525K New
MBIN Merchants Bancorp 0.11% 15,224 $484K New
ICHR Ichor Holdings Ltd. 0.10% 27,234 $477K Add +30.1%
MTRX Matrix Service Co. 0.10% 35,635 $466K No change
BLMN Bloomin' Brands Inc. 0.10% 63,830 $458K No change
TBI Trueblue Inc. 0.10% 71,186 $436K No change
ZUMZ Zumiez Inc. 0.09% 21,217 $416K No change
PRAA Pra Group Inc. 0.09% 26,579 $410K No change
SMSI Smith Micro Software Inc. 0.09% 542,467 $392K Reduce -2.2%
ULH Universal Logistics Holdings 0.08% 15,480 $363K No change
HTLD Heartland Express Inc. 0.07% 39,113 $328K New
HY Hyster-Yale Inc. 0.07% 8,854 $326K New
EPAC Enerpac Tool Group Corp. 0.07% 7,922 $325K No change
CRD.A Crawford & Company Class A 0.07% 30,276 $324K New
CMCO Columbus McKinnon Corp. 0.06% 19,190 $275K No change
RGP Resources Connection Inc. 0.06% 49,970 $252K No change

Portfolio Sells Q2 2025 → Q3 2025
STRT Strattec Security Corp. Reduce -46.9% 1.18% −1.03
BBSI Barrett Business SVCS Inc. Reduce -72.4% 0.32% −0.88
MCB Metropolitan Bank Holding Co. Reduce -14.7% 2.20% −0.43
WTBA West Bancorporation Reduce -67.1% 0.19% −0.42
DHX Dhi Group Inc. Reduce -4.7% 1.90% −0.42
ASUR Asure Software Inc. Reduce -2.0% 1.29% −0.41
HBB Hamilton Beach Brand-A Reduce -2.2% 1.03% −0.40
BBW Build-A-Bear Workshop Inc. Reduce -26.3% 2.26% −0.38
CBNK Capital Bancorp Inc. Reduce -2.3% 1.40% −0.24
ESQ Esquire Financial Holdings I Reduce -26.2% 0.62% −0.23
UEIC Universal Electronics Inc. Reduce -2.2% 0.37% −0.21
LCUT Lifetime Brands Inc. Reduce -2.2% 0.44% −0.20
GES Guess? Inc. Sold out 0.00% −0.20
FSBW FS Bancorp Inc. Reduce -2.3% 1.87% −0.18
HBI Hanesbrands Inc. Sold out 0.00% −0.17
FBIZ First Business Financial Ser Reduce -2.2% 1.63% −0.16
CAKE The Cheesecake Factory Inc. Sold out 0.00% −0.16
HURC Hurco Companies Inc. Reduce -2.2% 0.67% −0.14
XRN Chiron Real Estate Inc. Reduce -1.9% 0.99% −0.14
ACTG Acacia Research Corp. Reduce -2.2% 0.60% −0.14
PINE Alpine Income Property Trust Reduce -2.2% 0.85% −0.13
UNTY Unity Bancorp Inc. Reduce -2.2% 1.66% −0.12
CBAN Colony Bankcorp Reduce -2.2% 1.46% −0.11
ALCO Alico Inc. Reduce -2.3% 2.23% −0.11
SAMG Silvercrest Asset Manageme-A Reduce -2.2% 0.73% −0.09
FLWS 1-800-Flowers.com Inc. Class A Sold out 0.00% −0.08
PKBK Parke Bancorp Inc. Reduce -2.2% 1.43% −0.07
USCB Uscb Financial Holdings Inc. Reduce -2.2% 1.35% −0.07
SNBRQ Sleep Number Corp. Reduce -1.0% 1.19% −0.07
VBNK Versabank Reduce -2.3% 1.62% −0.06
NGS Natural Gas Services Group Reduce -2.2% 2.41% −0.06
HBCP Home Bancorp Inc. Reduce -2.3% 1.00% −0.06
ORRF Orrstown Finl Services Inc. Reduce -2.3% 1.13% −0.05
GCT Gigacloud Technology Inc. Class A Reduce -40.9% 0.15% −0.04
INTT Intest Corp. Reduce -2.3% 0.92% −0.03
SMSI Smith Micro Software Inc. Reduce -2.2% 0.09% −0.03
NNBR NN Inc. Reduce -2.3% 0.19% −0.03
LAKE Lakeland Industries Inc. Reduce -1.2% 1.55% −0.02
CCB Coastal Financial Corp. Reduce -6.6% 0.40% −0.02
CMTL Comtech Telecommunications Reduce -2.2% 0.27% −0.02
BGSF BGSF Inc. Reduce -2.2% 0.62% +0.00
APEI American Public Education Reduce -15.7% 1.49% +0.01
CPS Cooper-Standard Holding Reduce -36.3% 1.27% +0.01
RCMT RCM Technologies Inc. Reduce -2.3% 1.07% +0.01
MPAA Motorcar Parts of America Inc. Reduce -25.9% 2.43% +0.01
DXLG Destination XL Group Inc. Reduce -2.2% 0.34% +0.02
FSBC Five Star Bancorp Reduce -1.9% 1.43% +0.02
NBN Northeast Bank Reduce -1.9% 2.66% +0.04
TLYS Tilly's Inc. Class A SHRS Reduce -2.2% 0.22% +0.06
MG Mistras Group Inc. Reduce -2.0% 0.63% +0.06

Portfolio Buys Q2 2025 → Q3 2025
RPAY Repay Holdings Corp. New 0.71% +0.71
HRTG Heritage Insurance Holdings Add +27.2% 2.54% +0.39
AII American Integrity Insurance Add +27.3% 1.23% +0.36
LINC Lincoln Educational Services Add +33.1% 1.61% +0.32
SUNS Sunrise Realty Trust Inc. Add +55.9% 0.85% +0.25
AVNW Aviat Networks Inc. Add +34.5% 1.57% +0.24
GNSS Genasys Inc. Add +2.7% 0.61% +0.15
CLB Core Laboratories Inc. New 0.12% +0.12
MBIN Merchants Bancorp New 0.11% +0.11
HBNC Horizon Bancorp Inc. Add +12.1% 1.55% +0.11
BOOM DMC Global Inc. Add +12.7% 1.25% +0.10
HELE Helen of Troy Ltd. Add +78.7% 0.24% +0.08
AEBI Aebi Schmidt Holding AG Add +59.9% 0.21% +0.07
HTLD Heartland Express Inc. New 0.07% +0.07
HY Hyster-Yale Inc. New 0.07% +0.07
CRD.A Crawford & Company Class A New 0.07% +0.07
CRI Carter's Inc. Add +62.5% 0.23% +0.06
PLAB Photronics Inc. Add +7.2% 0.36% +0.06
GBFH Gbank Financial Holdings Inc. Add +35.2% 0.17% +0.05
MLR Miller Industries Inc. Add +24.3% 1.08% +0.04
KELYA Kelly Services Inc. Class A Add +14.6% 0.25% +0.04
PMTS Cpi Card Group Inc. Add +75.0% 1.30% +0.03
FORR Forrester Research Inc. Add +5.1% 1.01% +0.03
EBF Ennis Inc. Add +36.9% 0.16% +0.03
NCMI National Cinemedia Inc. Add +53.3% 0.12% +0.03
EPC Edgewell Personal Care Co. Add +46.7% 0.12% +0.02
ICHR Ichor Holdings Ltd. Add +30.1% 0.10% +0.01
HCKT The Hackett Group Inc. Add +43.6% 0.16% −0.00
RVSB Riverview Bancorp Inc. Add +10.4% 0.83% −0.01
WNC Wabash National Corp. Add +8.1% 0.19% −0.02
PAMT Pamt Corp. Add +17.7% 0.45% −0.02
KOP Koppers Holdings Inc. Add +9.9% 0.23% −0.03
SRTS Sensus Healthcare Inc. Add +26.1% 0.40% −0.12
JAKK Jakks Pacific Inc. Add +2.5% 1.40% −0.25

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