2L

22NW LP Portfolio holdings

AUM $159M
This Quarter Return
-3.39%
1 Year Return
+22.55%
3 Year Return
+189.31%
5 Year Return
+436.21%
10 Year Return
–
AUM
$275M
AUM Growth
+$275M
Cap. Flow
-$28.3M
Cap. Flow %
-10.27%
Top 10 Hldgs %
65.88%
Holding
26
New
1
Increased
2
Reduced
5
Closed
1

Top Buys

1
SSKN icon
Strata Skin Sciences
SSKN
$753K
2
TREC
Trecora Resources
TREC
$152K
3
LFCR icon
Lifecore Biomedical
LFCR
$8.51K

Top Sells

1
ASIX icon
AdvanSix
ASIX
$16.8M
2
GPRE icon
Green Plains
GPRE
$6.36M
3
USAP
Universal Stainless & Alloy
USAP
$4.71M
4
HIL
Hill International, Inc. Common Stock
HIL
$832K
5
GIFI icon
Gulf Island Fabrication
GIFI
$453K

Sector Composition

1 Industrials 30.75%
2 Materials 20.89%
3 Healthcare 17.81%
4 Technology 14.64%
5 Consumer Discretionary 10.44%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
ANEB icon
1
Anebulo Pharmaceuticals
ANEB
$103M
$23.8M 8.64% 3,362,713 – –
HBP
2
DELISTED
Huttig Building Products, Inc.
HBP
$22.7M 8.26% 2,133,291 – –
OEC icon
3
Orion
OEC
$592M
$22M 7.99% 1,378,452 – –
DRTT
4
DELISTED
DIRTT Environmental Solutions Ltd. Common Shares
DRTT
$21.6M 7.85% 15,894,165 – –
ASIX icon
5
AdvanSix
ASIX
$576M
$19.7M 7.17% 386,325 -329,649 -46% -$16.8M
STRL icon
6
Sterling Infrastructure
STRL
$8.47B
$16.1M 5.85% 601,201 – –
FSTR icon
7
Foster
FSTR
$276M
$15.7M 5.71% 1,023,135 -100 -0% -$1.54K
LFCR icon
8
Lifecore Biomedical
LFCR
$285M
$14.2M 5.15% 1,223,910 +735 +0.1% +$8.51K
BBSI icon
9
Barrett Business Services
BBSI
$1.25B
$13.8M 5.01% 178,173 – –
MCFT icon
10
MasterCraft Boat Holdings
MCFT
$364M
$11.7M 4.25% 475,797 – –
AGYS icon
11
Agilysys
AGYS
$3.06B
$11.3M 4.1% 283,125 – –
MED icon
12
Medifast
MED
$154M
$11.3M 4.09% 65,896 – –
FARM icon
13
Farmer Brothers
FARM
$43.1M
$10.1M 3.66% 1,417,299 – –
MTW icon
14
Manitowoc
MTW
$351M
$9.22M 3.35% 611,058 – –
MACK
15
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
$7.86M 2.85% 1,241,896 – –
MFGP
16
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
$7.4M 2.69% 1,396,928 – –
GPRE icon
17
Green Plains
GPRE
$728M
$6.36M 2.31% 205,196 -205,196 -50% -$6.36M
CULP icon
18
Culp
CULP
$54.5M
$5.8M 2.11% 730,905 – –
NTIC icon
19
Northern Technologies International Corp
NTIC
$70.1M
$4.85M 1.76% 403,215 – –
PFX icon
20
PhenixFIN
PFX
$97.3M
$4.82M 1.75% 117,885 – –
AFI
21
DELISTED
Armstrong Flooring, Inc.
AFI
$4.57M 1.66% 3,196,336 – –
GIFI icon
22
Gulf Island Fabrication
GIFI
$108M
$3.74M 1.36% 954,197 -115,564 -11% -$453K
HIL
23
DELISTED
Hill International, Inc. Common Stock
HIL
$3.37M 1.22% 2,065,942 -510,392 -20% -$832K
SSKN icon
24
Strata Skin Sciences
SSKN
$9.93M
$3.21M 1.17% 2,186,506 +512,271 +31% +$753K
TREC
25
DELISTED
Trecora Resources
TREC
$152K 0.06% +18,014 New +$152K
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