Monarch Partners Asset Management 13FHR Quarterly holdings report by institutional manager | SEC 20 Jul 22

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACADEMY SPORTS & OUTDOORS IN	COM	00402L107	1,120	31,502	SH		SOLE		16,666	0	14,836
ADDUS HOMECARE CORP	COM	006739106	5,997	72,014	SH		SOLE		45,153	0	26,861
ADTRAN INC	COM	00738A106	1,747	99,658	SH		SOLE		73,144	0	26,514
AGREE RLTY CORP	COM	008492100	2,371	32,869	SH		SOLE		17,219	0	15,650
ALTA EQUIPMENT GROUP INC	COMMON STOCK	02128L106	542	60,439	SH		SOLE		44,412	0	16,027
AMERICAN NATL BANKSHARES INC	COM	027745108	2,643	76,378	SH		SOLE		56,127	0	20,251
AMERICAN VANGUARD CORP	COM	030371108	3,691	165,157	SH		SOLE		101,634	0	63,523
ARES COML REAL ESTATE CORP	COM	04013V108	2,355	192,568	SH		SOLE		138,906	0	53,662
ARRAY TECHNOLOGIES INC	COM SHS	04271T100	1,977	179,524	SH		SOLE		94,887	0	84,637
ATLAS TECHNICAL CONSULTANTS	COM CLS A	049430101	1,404	266,885	SH		SOLE		196,107	0	70,778
ATN INTL INC	COM	00215F107	352	7,500	SH		SOLE		5,512	0	1,988
AVALARA INC	COM	05338G106	465	6,585	SH		SOLE		6,585	0	0
AVID BIOSERVICES INC	COM	05368M106	2,310	151,399	SH		SOLE		111,249	0	40,150
AXCELIS TECHNOLOGIES INC	COM NEW	054540208	1,209	22,051	SH		SOLE		16,206	0	5,845
BANDWIDTH INC	COM CL A	05988J103	3,148	167,295	SH		SOLE		93,875	0	73,420
BARRETT BUSINESS SVCS INC	COM	068463108	2,413	33,119	SH		SOLE		24,338	0	8,781
BELDEN INC	COM	077454106	1,738	32,632	SH		SOLE		17,108	0	15,524
BERKLEY W R CORP	COM	084423102	828	12,129	SH		SOLE		12,129	0	0
BERRY CORP	COM	08579X101	2,409	316,093	SH		SOLE		232,268	0	83,825
BIOLIFE SOLUTIONS INC	COM NEW	09062W204	1,377	99,738	SH		SOLE		73,287	0	26,451
BJS WHSL CLUB HLDGS INC	COM	05550J101	2,590	41,566	SH		SOLE		21,792	0	19,774
BOWMAN CONSULTING GROUP LTD	COM	103002101	1,098	88,993	SH		SOLE		65,391	0	23,602
BRINKS CO	COM	109696104	2,665	43,891	SH		SOLE		22,990	0	20,901
BRIXMOR PPTY GROUP INC	COM	11120U105	2,376	117,580	SH		SOLE		66,390	0	51,190
BUNGE LIMITED	COM	G16962105	378	4,165	SH		SOLE		4,165	0	0
CALERES INC	COM	129500104	3,190	121,560	SH		SOLE		64,090	0	57,470
CAMBRIDGE BANCORP	COM	132152109	2,077	25,110	SH		SOLE		18,451	0	6,659
CAPRI HOLDINGS LIMITED	SHS	G1890L107	417	10,180	SH		SOLE		10,180	0	0
CASTLE BIOSCIENCES INC	COM	14843C105	2,920	133,042	SH		SOLE		77,476	0	55,566
CENTURY CASINOS INC	COM	156492100	1,635	227,125	SH		SOLE		166,914	0	60,211
CHARLES RIV LABS INTL INC	COM	159864107	782	3,655	SH		SOLE		3,655	0	0
CHATHAM LODGING TR	COM	16208T102	5,037	482,056	SH		SOLE		306,751	0	175,305
CHEFS WHSE INC	COM	163086101	1,820	46,789	SH		SOLE		25,614	0	21,175
COLLEGIUM PHARMACEUTICAL INC	COM	19459J104	2,752	155,301	SH		SOLE		114,118	0	41,183
CRANE HLDGS CO	COM	224441105	1,373	15,675	SH		SOLE		8,825	0	6,850
CTS CORP	COM	126501105	1,472	43,219	SH		SOLE		31,759	0	11,460
CULLEN FROST BANKERS INC	COM	229899109	3,264	28,033	SH		SOLE		15,195	0	12,838
DARLING INGREDIENTS INC	COM	237266101	350	5,860	SH		SOLE		5,860	0	0
DESIGNER BRANDS INC	CL A	250565108	3,477	266,210	SH		SOLE		161,640	0	104,570
DUCOMMUN INC DEL	COM	264147109	3,081	71,589	SH		SOLE		52,606	0	18,983
EARTHSTONE ENERGY INC	CL A	27032D304	698	51,129	SH		SOLE		26,816	0	24,313
EASTERN BANKSHARES INC	COM	27627N105	2,909	157,579	SH		SOLE		83,445	0	74,134
ELEMENT SOLUTIONS INC	COM	28618M106	3,088	173,496	SH		SOLE		89,611	0	83,885
ENERGY RECOVERY INC	COM	29270J100	2,727	140,410	SH		SOLE		103,179	0	37,231
ENPRO INDS INC	COM	29355X107	1,280	15,624	SH		SOLE		8,826	0	6,798
ENTEGRIS INC	COM	29362U104	546	5,925	SH		SOLE		5,925	0	0
ENTERPRISE BANCORP INC MASS	COM	293668109	1,471	45,708	SH		SOLE		33,587	0	12,121
ENTRAVISION COMMUNICATIONS C	CL A	29382R107	2,376	520,986	SH		SOLE		382,829	0	138,157
ENVISTA HOLDINGS CORPORATION	COM	29415F104	2,204	57,196	SH		SOLE		30,299	0	26,897
EVANS BANCORP INC	COM NEW	29911Q208	2,115	62,238	SH		SOLE		45,676	0	16,562
EVOLUS INC	COM	30052C107	940	81,069	SH		SOLE		59,570	0	21,499
EVOQUA WATER TECHNOLOGIES CO	COM	30057T105	2,225	68,447	SH		SOLE		36,310	0	32,137
FIRST INTST BANCSYSTEM INC	COM CL A	32055Y201	3,266	85,695	SH		SOLE		45,345	0	40,350
FORMFACTOR INC	COM	346375108	1,569	40,524	SH		SOLE		18,989	0	21,535
FTI CONSULTING INC	COM	302941109	3,268	18,069	SH		SOLE		9,877	0	8,192
FUNKO INC	COM CL A	361008105	2,245	100,600	SH		SOLE		52,700	0	47,900
GLOBAL MED REIT INC	COM NEW	37954A204	2,443	217,560	SH		SOLE		159,865	0	57,695
GRAPHIC PACKAGING HLDG CO	COM	388689101	3,205	156,350	SH		SOLE		83,540	0	72,810
GREEN PLAINS INC	COM	393222104	5,221	192,144	SH		SOLE		120,572	0	71,572
GUARANTY BANCSHARES INC TEX	COM	400764106	3,537	97,577	SH		SOLE		71,699	0	25,878
GXO LOGISTICS INCORPORATED	COMMON STOCK	36262G101	1,371	31,679	SH		SOLE		16,761	0	14,918
HANGER INC	COM NEW	41043F208	1,360	94,939	SH		SOLE		69,762	0	25,177
HANOVER INS GROUP INC	COM	410867105	3,841	26,263	SH		SOLE		13,900	0	12,363
HARVARD BIOSCIENCE INC	COM	416906105	2,885	801,259	SH		SOLE		588,775	0	212,484
HCI GROUP INC	COM	40416E103	3,033	44,756	SH		SOLE		32,888	0	11,868
HERITAGE COMM CORP	COM	426927109	3,499	327,312	SH		SOLE		240,545	0	86,767
HESKA CORP	COM RESTRC NEW	42805E306	5,230	55,337	SH		SOLE		34,515	0	20,822
HURON CONSULTING GROUP INC	COM	447462102	2,382	36,650	SH		SOLE		26,929	0	9,721
I3 VERTICALS INC	COM CL A	46571Y107	2,226	88,970	SH		SOLE		65,375	0	23,595
IDACORP INC	COM	451107106	2,509	23,685	SH		SOLE		9,414	0	14,271
INNOVIVA INC	COM	45781M101	3,458	234,260	SH		SOLE		146,940	0	87,320
INTREPID POTASH INC	COM	46121Y201	1,625	35,880	SH		SOLE		26,365	0	9,515
IRONWOOD PHARMACEUTICALS INC	COM CL A	46333X108	3,141	272,425	SH		SOLE		167,790	0	104,635
IVERIC BIO INC	COM	46583P102	940	97,745	SH		SOLE		71,825	0	25,920
KRATOS DEFENSE & SEC SOLUTIO	COM NEW	50077B207	2,186	157,486	SH		SOLE		83,301	0	74,185
KRYSTAL BIOTECH INC	COM	501147102	970	14,775	SH		SOLE		10,855	0	3,920
LAMB WESTON HLDGS INC	COM	513272104	312	4,365	SH		SOLE		4,365	0	0
LIGAND PHARMACEUTICALS INC	COM NEW	53220K504	4,155	46,568	SH		SOLE		29,632	0	16,936
LINDBLAD EXPEDITIONS HLDGS I	COM	535219109	2,483	306,526	SH		SOLE		161,583	0	144,943
MACYS INC	COM	55616P104	2,046	111,655	SH		SOLE		58,840	0	52,815
MASTERCRAFT BOAT HLDGS INC	COM	57637H103	2,265	107,583	SH		SOLE		79,052	0	28,531
MODINE MFG CO	COM	607828100	4,592	436,120	SH		SOLE		275,260	0	160,860
NATIONAL RETAIL PROPERTIES I	COM	637417106	505	11,750	SH		SOLE		11,750	0	0
NETSTREIT CORP	COM	64119V303	4,745	251,477	SH		SOLE		151,764	0	99,713
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	2,969	146,496	SH		SOLE		107,697	0	38,799
NORTHEAST BK LEWISTON ME	COM	66405S100	1,467	40,157	SH		SOLE		29,502	0	10,655
OFG BANCORP	COM	67103X102	3,542	139,437	SH		SOLE		80,512	0	58,925
O-I GLASS INC	COM	67098H104	3,686	263,320	SH		SOLE		138,860	0	124,460
OLD SECOND BANCORP INC ILL	COM	680277100	3,106	232,160	SH		SOLE		170,593	0	61,567
OPPENHEIMER HLDGS INC	CL A NON VTG	683797104	2,038	61,687	SH		SOLE		45,330	0	16,357
ORGANOGENESIS HLDGS INC	COM	68621F102	1,471	301,480	SH		SOLE		221,530	0	79,950
ORTHOPEDIATRICS CORP	COM	68752L100	1,571	36,412	SH		SOLE		26,724	0	9,688
OVINTIV INC	COM	69047Q102	427	9,660	SH		SOLE		9,660	0	0
OXFORD INDS INC	COM	691497309	2,792	31,459	SH		SOLE		16,579	0	14,880
PDC ENERGY INC	COM	69327R101	1,008	16,356	SH		SOLE		8,642	0	7,714
PERFICIENT INC	COM	71375U101	1,850	20,176	SH		SOLE		8,010	0	12,166
PERFORMANCE FOOD GROUP CO	COM	71377A103	2,765	60,132	SH		SOLE		31,808	0	28,324
PERION NETWORK LTD	SHS NEW	M78673114	2,273	125,050	SH		SOLE		91,888	0	33,162
PERSONALIS INC	COM	71535D106	855	247,958	SH		SOLE		182,225	0	65,733
PETCO HEALTH & WELLNESS CO I	COM	71601V105	1,719	116,655	SH		SOLE		61,720	0	54,935
PINNACLE FINL PARTNERS INC	COM	72346Q104	2,101	29,055	SH		SOLE		14,212	0	14,843
PLAYA HOTELS & RESORTS NV	SHS	N70544106	1,757	255,790	SH		SOLE		187,957	0	67,833
PLAYAGS INC	COM	72814N104	2,011	389,727	SH		SOLE		286,412	0	103,315
PLYMOUTH INDL REIT INC	COM	729640102	2,729	155,562	SH		SOLE		114,175	0	41,387
POPULAR INC	COM NEW	733174700	3,076	39,982	SH		SOLE		21,631	0	18,351
PORTLAND GEN ELEC CO	COM NEW	736508847	3,563	73,727	SH		SOLE		38,987	0	34,740
PRESTIGE CONSMR HEALTHCARE I	COM	74112D101	6,013	102,254	SH		SOLE		63,155	0	39,099
PRIMIS FINANCIAL CORP	COM	74167B109	2,546	186,783	SH		SOLE		137,095	0	49,688
PURE CYCLE CORP	COM NEW	746228303	1,959	185,863	SH		SOLE		136,570	0	49,293
PZENA INVT MGMT INC	CLASS A	74731Q103	1,735	263,210	SH		SOLE		193,312	0	69,898
QCR HOLDINGS INC	COM	74727A104	1,663	30,795	SH		SOLE		22,630	0	8,165
QUANTERIX CORP	COM	74766Q101	1,141	70,475	SH		SOLE		51,784	0	18,691
R1 RCM INC	COM	77634L105	2,400	114,525	SH		SOLE		60,850	0	53,675
RADA ELECTR INDS LTD	COM PAR NEW	M81863124	3,988	431,642	SH		SOLE		285,825	0	145,817
RANGE RES CORP	COM	75281A109	862	34,830	SH		SOLE		18,260	0	16,570
RANGER OIL CORPORATION	CLASS A COM	70788V102	892	27,138	SH		SOLE		10,744	0	16,394
REX AMERICAN RES CORP	COM	761624105	2,949	34,778	SH		SOLE		20,007	0	14,771
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	3,204	42,135	SH		SOLE		22,290	0	19,845
SANFILIPPO JOHN B & SON INC	COM	800422107	2,472	34,095	SH		SOLE		25,050	0	9,045
SCANSOURCE INC	COM	806037107	1,765	56,690	SH		SOLE		41,654	0	15,036
SEASPINE HLDGS CORP	COM	81255T108	705	124,701	SH		SOLE		92,217	0	32,484
SHORE BANCSHARES INC	COM	825107105	3,412	184,448	SH		SOLE		135,532	0	48,916
SM ENERGY CO	COM	78454L100	1,591	46,521	SH		SOLE		18,436	0	28,085
SOUTHERN FIRST BANCSHARES	COM	842873101	1,508	34,596	SH		SOLE		25,422	0	9,174
SOUTHSTATE CORPORATION	COM	840441109	2,434	31,553	SH		SOLE		12,547	0	19,006
SPECTRUM BRANDS HLDGS INC NE	COM	84790A105	2,832	34,534	SH		SOLE		18,243	0	16,291
SPIRE INC	COM	84857L101	3,835	51,560	SH		SOLE		27,195	0	24,365
STERLING INFRASTRUCTURE INC	COM	859241101	1,281	58,447	SH		SOLE		33,082	0	25,365
STIFEL FINL CORP	COM	860630102	2,137	38,156	SH		SOLE		20,005	0	18,151
STOCK YDS BANCORP INC	COM	861025104	4,431	74,073	SH		SOLE		42,759	0	31,314
STONERIDGE INC	COM	86183P102	2,281	132,993	SH		SOLE		97,734	0	35,259
SUNOPTA INC	COM	8676EP108	2,367	304,240	SH		SOLE		223,560	0	80,680
TALOS ENERGY INC	COM	87484T108	3,008	194,444	SH		SOLE		133,228	0	61,216
TECNOGLASS INC	ORD SHS	G87264100	3,403	193,929	SH		SOLE		124,172	0	69,757
TETRA TECHNOLOGIES INC DEL	COM	88162F105	2,390	588,635	SH		SOLE		432,537	0	156,098
TRINET GROUP INC	COM	896288107	2,180	28,088	SH		SOLE		14,822	0	13,266
U S SILICA HLDGS INC	COM	90346E103	1,934	169,375	SH		SOLE		124,475	0	44,900
ULTRA CLEAN HLDGS INC	COM	90385V107	3,207	107,736	SH		SOLE		64,858	0	42,878
ULTRALIFE CORP	COM	903899102	1,850	406,652	SH		SOLE		298,465	0	108,187
UMH PPTYS INC	COM	903002103	4,198	237,695	SH		SOLE		144,866	0	92,829
UNITED FIRE GROUP INC	COM	910340108	3,071	89,710	SH		SOLE		65,919	0	23,791
UNITED STS LIME & MINERALS I	COM	911922102	2,084	19,739	SH		SOLE		14,486	0	5,253
UNITIL CORP	COM	913259107	5,485	93,411	SH		SOLE		61,750	0	31,661
UNIVERSAL TECHNICAL INST INC	COM	913915104	2,797	392,343	SH		SOLE		288,298	0	104,045
UNIVEST FINANCIAL CORPORATIO	COM	915271100	3,412	134,129	SH		SOLE		98,560	0	35,569
UPLAND SOFTWARE INC	COM	91544A109	5,201	358,165	SH		SOLE		220,933	0	137,232
VERRA MOBILITY CORP	CL A COM STK	92511U102	1,904	121,215	SH		SOLE		64,140	0	57,075
VIA OPTRONICS AG	SPONSORED ADS	91823Y109	435	205,243	SH		SOLE		153,260	0	51,983
VILLAGE FARMS INTL INC	COM	92707Y108	155	59,492	SH		SOLE		43,545	0	15,947
WINTRUST FINL CORP	COM	97650W108	1,806	22,529	SH		SOLE		11,918	0	10,611
WNS HLDGS LTD	SPON ADR	92932M101	3,342	44,774	SH		SOLE		24,745	0	20,029
XENIA HOTELS & RESORTS INC	COM	984017103	3,015	207,507	SH		SOLE		109,777	0	97,730

Monarch Partners Asset Management 13F-HRQuarterly holdings report by institutional manager