Pacific Ridge Capital Partners, LLC

Name: Pacific Ridge Capital Partners, LLC 13F holdings, Q4 2025
Creator: Pacific Ridge Capital Partners, LLC
Published: 2026-02-04

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Pacific Ridge Capital Partners, LLC reported 138 stock positions worth $455.6 million. Its top holding was Northeast Bank (NBN) at 2.9% of the portfolio, followed by Natural Gas Services (NGS, 2.6%) and Heritage Insurance (HRTG, 2.4%). Compared with Q3 2025, it opened 10 new positions, sold out of 7, added to 76 and reduced 52. The biggest buy was Sleep Number (SNBRQ, shares +48%) and the biggest sale an exit from Axt (AXTI).

Most Recent 13F: Q2 2026
Location: LAKE OSWEGO, OR
CIK: 0001591546
Portfolio Value: $455.6M (Q4 2025)
SEC Filing: 0001591546-26-000001 ↗ filed Feb 4, 2026

Holdings Value

Holdings 138 stocks · $455.6M


NBN Northeast Bank	2.90%	127,330	$13.2M	Add +5.2%
NGS Natural Gas Services Group	2.55%	345,662	$11.6M	Reduce -11.7%
HRTG Heritage Insurance Holdings	2.39%	371,953	$10.9M	Reduce -18.9%
ALCO Alico Inc.	2.27%	284,470	$10.3M	Reduce -2.9%
BBW Build-A-Bear Workshop Inc.	2.23%	165,719	$10.2M	Add +5.1%
MCB Metropolitan Bank Holding Co.	2.20%	131,418	$10.0M	Reduce -1.8%
SNBRQ Sleep Number Corp.	2.13%	1,145,612	$9.7M	Add +48.0%
NWPX NWPX Infrastructure Inc.	2.06%	150,123	$9.4M	Reduce -28.1%
KE Kimball Electronics Inc.	1.96%	321,492	$8.9M	Reduce -2.9%
TWIN Twin Disc Inc.	1.93%	527,838	$8.8M	Reduce -3.1%
VBNK Versabank	1.92%	585,118	$8.8M	Reduce -2.9%
MPAA Motorcar Parts of America Inc.	1.88%	692,502	$8.5M	Add +3.5%
FSBW FS Bancorp Inc.	1.87%	207,465	$8.5M	Reduce -2.9%
BWMN Bowman Consulting Group Ltd.	1.77%	244,772	$8.1M	Reduce -2.9%
AVNW Aviat Networks Inc.	1.74%	371,258	$7.9M	Add +19.3%
ASYS Amtech Systems Inc.	1.73%	627,811	$7.9M	Reduce -2.9%
UNTY Unity Bancorp Inc.	1.70%	149,667	$7.7M	Reduce -2.9%
BWFG Bankwell Financial Group Inc.	1.69%	167,564	$7.7M	Reduce -2.9%
FBIZ First Business Financial Ser	1.67%	140,455	$7.6M	Reduce -2.9%
LINC Lincoln Educational Services	1.61%	303,558	$7.3M	Reduce -2.9%
PKBK Parke Bancorp Inc.	1.61%	292,438	$7.3M	Reduce -2.9%
HBNC Horizon Bancorp Inc.	1.59%	427,021	$7.2M	Reduce -3.1%
RMNI Rimini Street Inc.	1.58%	1,857,512	$7.2M	Add +9.4%
FSBC Five Star Bancorp	1.54%	195,563	$7.0M	Reduce -3.0%
JAKK Jakks Pacific Inc.	1.51%	406,289	$6.9M	Add +19.1%
LAKE Lakeland Industries Inc.	1.50%	772,015	$6.8M	Add +62.3%
CBAN Colony Bankcorp	1.49%	380,092	$6.8M	Reduce -2.9%
ASUR Asure Software Inc.	1.44%	698,707	$6.6M	Reduce -2.2%
PMTS Cpi Card Group Inc.	1.43%	442,464	$6.5M	Add +13.1%
AII American Integrity Insurance	1.42%	310,325	$6.5M	Add +24.0%
APEI American Public Education	1.39%	167,275	$6.3M	Reduce -2.9%
USCB Uscb Financial Holdings Inc.	1.38%	341,168	$6.3M	Reduce -2.9%
RRGB Red Robin Gourmet Burgers	1.23%	1,388,465	$5.6M	Add +8.8%
HBB Hamilton Beach Brand-A	1.23%	340,471	$5.6M	Add +4.0%
CBNK Capital Bancorp Inc.	1.20%	194,408	$5.5M	Reduce -2.9%
DHX Dhi Group Inc.	1.17%	3,438,349	$5.3M	Add +10.6%
RCMT RCM Technologies Inc.	1.16%	258,231	$5.3M	Add +40.8%
ORRF Orrstown Finl Services Inc.	1.14%	147,064	$5.2M	Reduce -2.9%
MLR Miller Industries Inc.	1.11%	135,254	$5.1M	Add +11.5%
CPS Cooper-Standard Holding	1.09%	151,827	$5.0M	Reduce -2.9%
FORR Forrester Research Inc.	1.05%	588,888	$4.8M	Add +36.2%
HBCP Home Bancorp Inc.	1.03%	81,215	$4.7M	Reduce -2.9%
PINE Alpine Income Property Trust	0.97%	264,148	$4.4M	Reduce -3.4%
XRN Chiron Real Estate Inc. filed as GLOBAL MED REIT INC	0.96%	128,983	$4.4M	Reduce -3.4%
BOOM DMC Global Inc.	0.94%	643,136	$4.3M	Reduce -4.1%
RPAY Repay Holdings Corp.	0.87%	1,089,241	$4.0M	Add +76.4%
INTT Intest Corp.	0.85%	517,531	$3.9M	Reduce -4.0%
RVSB Riverview Bancorp Inc.	0.80%	723,684	$3.6M	Add +3.5%
MG Mistras Group Inc.	0.79%	283,829	$3.6M	Reduce -2.4%
CBK Commercial Bancgroup Inc.	0.75%	139,575	$3.4M	New
SUNS Sunrise Realty Trust Inc.	0.73%	352,092	$3.3M	Reduce -5.5%
SAMG Silvercrest Asset Manageme-A	0.69%	205,877	$3.1M	Reduce -2.9%
OSS One Stop Systems Inc.	0.68%	432,361	$3.1M	Reduce -3.0%
ACTG Acacia Research Corp.	0.67%	810,324	$3.0M	Reduce -3.4%
CMT Core Molding Technologies Inc.	0.64%	144,951	$2.9M	Reduce -2.2%
GNSS Genasys Inc.	0.62%	1,327,187	$2.8M	Add +16.8%
SRTS Sensus Healthcare Inc.	0.61%	698,634	$2.8M	Add +21.8%
MCS Marcus Corporation	0.57%	167,258	$2.6M	New
SHOE Shoe Station Group Inc. filed as SHOE CARNIVAL INC	0.56%	152,404	$2.6M	New
HURC Hurco Companies Inc.	0.56%	165,503	$2.6M	Reduce -5.7%
JILL J. Jill Inc.	0.55%	182,469	$2.5M	New
CMTL Comtech Telecommunications	0.53%	459,095	$2.4M	Reduce -3.5%
PAMT Pamt Corp.	0.51%	193,880	$2.3M	Add +7.9%
PARK Park Dental Partners Inc.	0.51%	156,943	$2.3M	New
LCUT Lifetime Brands Inc.	0.42%	482,065	$1.9M	Reduce -6.3%
HCSG Healthcare Services Group	0.41%	98,763	$1.9M	Add +4.6%
CCB Coastal Financial Corp.	0.40%	15,706	$1.8M	Reduce -6.1%
PLAB Photronics Inc.	0.39%	55,305	$1.8M	Reduce -22.6%
BGSF BGSF Inc.	0.36%	356,475	$1.7M	Reduce -9.6%
PRDO Perdoceo Education Corp.	0.32%	50,370	$1.5M	Add +14.6%
BANC Banc of California Inc.	0.32%	76,115	$1.5M	Reduce -10.1%
CRI Carter's Inc.	0.31%	43,255	$1.4M	Add +17.9%
CASH Pathward Financial Inc.	0.31%	19,736	$1.4M	Add +21.9%
BBSI Barrett Business SVCS Inc.	0.31%	38,447	$1.4M	Add +15.9%
TLYS Tilly's Inc. Class A SHRS	0.30%	692,623	$1.4M	Add +42.1%
IWN iShares Russell 2000 Value E	0.29%	7,251	$1.3M	New
CNOB Connectone Bancorp Inc.	0.28%	49,465	$1.3M	Add +4.8%
DXPE DXP Enterprises Inc.	0.28%	11,747	$1.3M	Add +4.8%
STGW Stagwell Inc.	0.28%	262,584	$1.3M	Add +4.7%
GPGI Gpgi Inc. filed as COMPOSECURE INC	0.28%	66,176	$1.3M	Add +4.6%
CUBI Customers Bancorp Inc.	0.28%	17,343	$1.3M	Reduce -32.4%
BWB Bridgewater Bancshares Inc.	0.28%	72,003	$1.3M	Add +4.5%
SHIM Shimmick Corp.	0.28%	430,031	$1.3M	Reduce -4.8%
BFST Business First Bancshares	0.27%	47,374	$1.2M	Add +4.7%
UEIC Universal Electronics Inc.	0.27%	339,097	$1.2M	Reduce -6.0%
DBI Designer Brands Inc. Class A	0.26%	161,465	$1.2M	Reduce -7.7%
PENG Penguin Solutions Inc.	0.26%	60,830	$1.2M	New
QCRH QCR Holdings Inc.	0.26%	13,946	$1.2M	Add +5.0%
THFF First Financial Corp.	0.25%	18,810	$1.1M	Add +4.7%
HELE Helen of Troy Ltd.	0.24%	50,536	$1.1M	Add +14.9%
KOP Koppers Holdings Inc.	0.24%	39,568	$1.1M	Add +4.7%
COHU Cohu Inc.	0.23%	45,981	$1.1M	Add +4.6%
HFWA Heritage Financial Corp.	0.23%	43,925	$1.0M	Add +4.7%
PLOW Douglas Dynamics Inc.	0.23%	31,787	$1.0M	Add +4.7%
KELYA Kelly Services Inc. Class A	0.23%	117,467	$1.0M	Add +35.5%
HCKT The Hackett Group Inc.	0.23%	52,390	$1.0M	Add +33.3%
AEBI Aebi Schmidt Holding AG	0.22%	80,698	$1.0M	Add +4.7%
WNC Wabash National Corp.	0.21%	112,183	$970K	Add +27.2%
ABX Abacus Global Management Inc.	0.21%	112,505	$962K	Reduce -6.3%
GBFH Gbank Financial Holdings Inc.	0.21%	28,336	$960K	Add +41.6%
ACCO Acco Brands Corp.	0.21%	251,123	$937K	Add +18.2%
DAKT Daktronics Inc.	0.20%	46,802	$925K	Add +4.7%
UCTT Ultra Clean Holdings Inc.	0.20%	36,140	$915K	Add +4.6%
PLUS Eplus Inc.	0.20%	10,395	$912K	Add +4.7%
CAL Caleres Inc.	0.19%	72,418	$881K	Add +29.5%
EBF Ennis Inc.	0.19%	48,569	$875K	Add +24.3%
GCT Gigacloud Technology Inc. Class A	0.18%	21,269	$835K	Reduce -12.4%
BHE Benchmark Electronics Inc.	0.18%	19,246	$823K	Add +4.5%
HDSN Hudson Technologies Inc.	0.18%	118,406	$811K	Add +14.3%
BCAL California Bancorp	0.18%	42,740	$798K	Reduce -28.9%
MBIN Merchants Bancorp	0.16%	21,936	$747K	Add +44.1%
CLB Core Laboratories Inc.	0.16%	44,423	$712K	Add +4.7%
RBBN Ribbon Communications Inc.	0.16%	246,129	$709K	Add +4.6%
GNL Global Net Lease Inc.	0.15%	78,156	$672K	Add +4.7%
NPKI NPK International Inc.	0.13%	50,947	$607K	Add +4.7%
HY Hyster-Yale Inc.	0.13%	20,128	$598K	Add +127.3%
ZUMZ Zumiez Inc.	0.13%	22,237	$579K	Add +4.8%
CNXN PC Connection Inc.	0.12%	9,824	$567K	Add +4.7%
CRD.A Crawford & Company Class A	0.12%	49,870	$561K	Add +64.7%
SMP Standard Motor Prods	0.12%	14,794	$545K	Add +4.7%
BDN Brandywine Realty Trust	0.12%	183,307	$535K	Add +4.6%
OSPN Onespan Inc.	0.12%	40,928	$526K	New
ICHR Ichor Holdings Ltd.	0.12%	28,494	$525K	Add +4.6%
ULH Universal Logistics Holdings	0.11%	34,152	$519K	Add +120.6%
NNBR NN Inc.	0.11%	400,334	$512K	Reduce -6.2%
PRAA Pra Group Inc.	0.11%	27,779	$491K	Add +4.5%
EPC Edgewell Personal Care Co.	0.11%	28,676	$489K	Add +4.6%
NCMI National Cinemedia Inc.	0.11%	124,626	$485K	Add +4.6%
IWC iShares Micro-Cap ETF	0.10%	2,850	$449K	New
ALIT Alight Inc. Class A	0.10%	226,203	$441K	New
MTRX Matrix Service Co.	0.10%	37,305	$436K	Add +4.7%
BLMN Bloomin' Brands Inc.	0.09%	66,790	$412K	Add +4.6%
HTLD Heartland Express Inc.	0.08%	40,933	$370K	Add +4.7%
CMCO Columbus McKinnon Corp.	0.08%	20,040	$346K	Add +4.4%
TBI Trueblue Inc.	0.07%	74,456	$339K	Add +4.6%
EPAC Enerpac Tool Group Corp.	0.07%	8,322	$318K	Add +5.0%
SMSI Smith Micro Software Inc.	0.06%	503,528	$272K	Reduce -7.2%
RGP Resources Connection Inc.	0.06%	52,320	$264K	Add +4.7%

Portfolio Sells Q3 2025 → Q4 2025


AXTI Axt Inc.	Sold out	0.00%	−1.77
STRT Strattec Security Corp.	Sold out	0.00%	−1.18
ESQ Esquire Financial Holdings I	Sold out	0.00%	−0.62
BWMN Bowman Consulting Group Ltd.	Reduce -2.9%	1.77%	−0.57
NWPX NWPX Infrastructure Inc.	Reduce -28.1%	2.06%	−0.37
DXLG Destination XL Group Inc.	Sold out	0.00%	−0.34
HSII Heidrick & Struggles Intl	Sold out	0.00%	−0.30
BOOM DMC Global Inc.	Reduce -4.1%	0.94%	−0.30
PENG Penguin Solutions Inc.	Sold out	0.00%	−0.27
BGSF BGSF Inc.	Reduce -9.6%	0.36%	−0.25
KE Kimball Electronics Inc.	Reduce -2.9%	1.96%	−0.21
CBNK Capital Bancorp Inc.	Reduce -2.9%	1.20%	−0.20
WTBA West Bancorporation	Sold out	0.00%	−0.19
CPS Cooper-Standard Holding	Reduce -2.9%	1.09%	−0.17
HRTG Heritage Insurance Holdings	Reduce -18.9%	2.39%	−0.15
SUNS Sunrise Realty Trust Inc.	Reduce -5.5%	0.73%	−0.12
HURC Hurco Companies Inc.	Reduce -5.7%	0.56%	−0.11
APEI American Public Education	Reduce -2.9%	1.39%	−0.11
UEIC Universal Electronics Inc.	Reduce -6.0%	0.27%	−0.10
CUBI Customers Bancorp Inc.	Reduce -32.4%	0.28%	−0.09
NNBR NN Inc.	Reduce -6.2%	0.11%	−0.08
INTT Intest Corp.	Reduce -4.0%	0.85%	−0.08
SAMG Silvercrest Asset Manageme-A	Reduce -2.9%	0.69%	−0.05
BCAL California Bancorp	Reduce -28.9%	0.18%	−0.05
XRN Chiron Real Estate Inc.	Reduce -3.4%	0.96%	−0.03
CMT Core Molding Technologies Inc.	Reduce -2.2%	0.64%	−0.03
SMSI Smith Micro Software Inc.	Reduce -7.2%	0.06%	−0.03
LCUT Lifetime Brands Inc.	Reduce -6.3%	0.42%	−0.02
LINC Lincoln Educational Services	Reduce -2.9%	1.61%	−0.01
CCB Coastal Financial Corp.	Reduce -6.1%	0.40%	−0.00
FSBW FS Bancorp Inc.	Reduce -2.9%	1.87%	+0.00
MCB Metropolitan Bank Holding Co.	Reduce -1.8%	2.20%	+0.00
BWFG Bankwell Financial Group Inc.	Reduce -2.9%	1.69%	+0.01
ORRF Orrstown Finl Services Inc.	Reduce -2.9%	1.14%	+0.01
BANC Banc of California Inc.	Reduce -10.1%	0.32%	+0.01
SHIM Shimmick Corp.	Reduce -4.8%	0.28%	+0.02
CBAN Colony Bankcorp	Reduce -2.9%	1.49%	+0.02
PLAB Photronics Inc.	Reduce -22.6%	0.39%	+0.03
GCT Gigacloud Technology Inc. Class A	Reduce -12.4%	0.18%	+0.03
HBCP Home Bancorp Inc.	Reduce -2.9%	1.03%	+0.03
USCB Uscb Financial Holdings Inc.	Reduce -2.9%	1.38%	+0.03
HBNC Horizon Bancorp Inc.	Reduce -3.1%	1.59%	+0.04
ALCO Alico Inc.	Reduce -2.9%	2.27%	+0.04
UNTY Unity Bancorp Inc.	Reduce -2.9%	1.70%	+0.04
FBIZ First Business Financial Ser	Reduce -2.9%	1.67%	+0.04
ABX Abacus Global Management Inc.	Reduce -6.3%	0.21%	+0.06
ACTG Acacia Research Corp.	Reduce -3.4%	0.67%	+0.07
FSBC Five Star Bancorp	Reduce -3.0%	1.54%	+0.11
PINE Alpine Income Property Trust	Reduce -3.4%	0.97%	+0.12
DBI Designer Brands Inc. Class A	Reduce -7.7%	0.26%	+0.13

Portfolio Buys Q3 2025 → Q4 2025


SNBRQ Sleep Number Corp.	Add +48.0%	2.13%	+0.93
CBK Commercial Bancgroup Inc.	New	0.75%	+0.75
MCS Marcus Corporation	New	0.57%	+0.57
SHOE Shoe Station Group Inc.	New	0.56%	+0.56
JILL J. Jill Inc.	New	0.55%	+0.55
PARK Park Dental Partners Inc.	New	0.51%	+0.51
IWN iShares Russell 2000 Value E	New	0.29%	+0.29
PENG Penguin Solutions Inc.	New	0.26%	+0.26
NBN Northeast Bank	Add +5.2%	2.90%	+0.24
SRTS Sensus Healthcare Inc.	Add +21.8%	0.61%	+0.21
HBB Hamilton Beach Brand-A	Add +4.0%	1.23%	+0.20
AII American Integrity Insurance	Add +24.0%	1.42%	+0.19
AVNW Aviat Networks Inc.	Add +19.3%	1.74%	+0.17
RPAY Repay Holdings Corp.	Add +76.4%	0.87%	+0.16
PMTS Cpi Card Group Inc.	Add +13.1%	1.43%	+0.12
OSPN Onespan Inc.	New	0.12%	+0.12
JAKK Jakks Pacific Inc.	Add +19.1%	1.51%	+0.10
IWC iShares Micro-Cap ETF	New	0.10%	+0.10
ALIT Alight Inc. Class A	New	0.10%	+0.10
RCMT RCM Technologies Inc.	Add +40.8%	1.16%	+0.09
TLYS Tilly's Inc. Class A SHRS	Add +42.1%	0.30%	+0.08
CRI Carter's Inc.	Add +17.9%	0.31%	+0.08
HCSG Healthcare Services Group	Add +4.6%	0.41%	+0.07
PAMT Pamt Corp.	Add +7.9%	0.51%	+0.06
HCKT The Hackett Group Inc.	Add +33.3%	0.23%	+0.06
HY Hyster-Yale Inc.	Add +127.3%	0.13%	+0.06
MBIN Merchants Bancorp	Add +44.1%	0.16%	+0.06
CRD.A Crawford & Company Class A	Add +64.7%	0.12%	+0.05
PLUS Eplus Inc.	Add +4.7%	0.20%	+0.05
CASH Pathward Financial Inc.	Add +21.9%	0.31%	+0.04
FORR Forrester Research Inc.	Add +36.2%	1.05%	+0.04
CLB Core Laboratories Inc.	Add +4.7%	0.16%	+0.04
COHU Cohu Inc.	Add +4.6%	0.23%	+0.04
GBFH Gbank Financial Holdings Inc.	Add +41.6%	0.21%	+0.04
BFST Business First Bancshares	Add +4.7%	0.27%	+0.04
ZUMZ Zumiez Inc.	Add +4.8%	0.13%	+0.04
EBF Ennis Inc.	Add +24.3%	0.19%	+0.04
QCRH QCR Holdings Inc.	Add +5.0%	0.26%	+0.03
ULH Universal Logistics Holdings	Add +120.6%	0.11%	+0.03
CAL Caleres Inc.	Add +29.5%	0.19%	+0.03
MLR Miller Industries Inc.	Add +11.5%	1.11%	+0.03
CNOB Connectone Bancorp Inc.	Add +4.8%	0.28%	+0.03
THFF First Financial Corp.	Add +4.7%	0.25%	+0.03
BHE Benchmark Electronics Inc.	Add +4.5%	0.18%	+0.02
WNC Wabash National Corp.	Add +27.2%	0.21%	+0.02
ACCO Acco Brands Corp.	Add +18.2%	0.21%	+0.02
PLOW Douglas Dynamics Inc.	Add +4.7%	0.23%	+0.02
PRAA Pra Group Inc.	Add +4.5%	0.11%	+0.02
CMCO Columbus McKinnon Corp.	Add +4.4%	0.08%	+0.02
GNL Global Net Lease Inc.	Add +4.7%	0.15%	+0.01

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	134	$551.0M	NBN, RRGB, VBNK, NGS, HRTG
Q1 2026	137	$461.8M	NBN, ALCO, NGS, MCB, HRTG
Q4 2025	138	$455.6M	NBN, NGS, HRTG, ALCO, BBW
Q3 2025	135	$455.0M	NBN, HRTG, MPAA, NWPX, NGS
Q2 2025	133	$418.3M	BBW, MCB, NBN, NGS, MPAA
Q1 2025	136	$379.3M	NBN, HRTG, BBSI, MPAA, MCB
Q4 2024	139	$435.7M	BBSI, NBN, NGS, BBW, MCB
Q3 2024	137	$422.0M	NBN, BBSI, BBW, MCB, NWPX
Q2 2024	139	$416.1M	BBSI, NBN, MCB, NWPX, NGS
Q1 2024	136	$455.8M	BBSI, BBW, NGS, NBN, NWPX