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
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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ARMSTRONG WORLD INDS INC. COM 04247X102   82,168 725,613 SH   SOLE   314,003 0 411,610
ATOUR LIFESTYLE HLDGS LTD SPONSORED SPONSORED ADS 04965M106   492 26,800 SH   SOLE   26,800 0 0
ATS CORPORATION COM 00217Y104   7,994 247,140 SH   SOLE   138,072 0 109,068
BAIDU INC SPON ADR REP A SPON ADR REP A 056752108   138 1,600 SH   SOLE   1,600 0 0
BANK OZK COM 06417N103   82,989 2,024,130 SH   SOLE   873,690 0 1,150,440
BIO-TECHNE CORP COM 09073M104   1,450 20,239 SH   SOLE   20,239 0 0
BLACKBAUD INC. COM 09227Q100   50,076 657,419 SH   SOLE   273,488 0 383,931
BRADY CORP CL A CL A 104674106   54,435 824,530 SH   SOLE   343,741 0 480,789
BRUNSWICK CORP. COM 117043109   67,062 921,555 SH   SOLE   397,955 0 523,600
CANADA GOOSE HOLDINGS INC. SHS SUB VTG 135086106   4,444 343,813 SH   SOLE   179,779 0 164,034
CCC INTELLIGENT SOLUTIONS HLD COM 12510Q100   61,605 5,545,020 SH   SOLE   2,351,977 0 3,193,043
CHARLES RIVER LABORATORIES COM 159864107   65,740 318,228 SH   SOLE   138,364 0 179,864
CHEMED CORP. COM 16359R103   70,514 129,960 SH   SOLE   55,726 0 74,234
COLLIERS INTERNATIONAL GROUP INC. SUB VTG SHS 194693107   7,076 63,393 SH   SOLE   35,618 0 27,775
DADA NEXUS LTD. ADR ADS 23344D108   283 224,925 SH   SOLE   224,925 0 0
DIGITALOCEAN HLDGS INC. COM 25402D102   44,240 1,273,103 SH   SOLE   529,439 0 743,664
DOUBLEVERIFY HOLDINGS INC. COM 25862V105   59,310 3,046,200 SH   SOLE   1,310,709 0 1,735,491
DYNATRACE INC. COM NEW 268150109   1,246 27,860 SH   SOLE   27,860 0 0
ENSIGN GROUP INC. COM 29358P101   108,502 877,211 SH   SOLE   379,420 0 497,791
ENVESTNET INC. COM 29404K106   89,921 1,436,670 SH   SOLE   622,777 0 813,893
EURONET WORLDWIDE INC. COM 298736109   105,793 1,022,153 SH   SOLE   435,056 0 587,097
FEDERAL SIGNAL CORP. COM 313855108   100,582 1,202,123 SH   SOLE   518,719 0 683,404
FIRST ADVANTAGE CORP. COM 31846B108   1,700 105,780 SH   SOLE   105,780 0 0
FIVE9 INC COM 338307101   57,307 1,299,483 SH   SOLE   557,393 0 742,090
FOX FACTORY HOLDING CORP. COM 35138V102   44,019 913,452 SH   SOLE   389,162 0 524,290
FTI CONSULTING INC. COM 302941109   74,874 347,393 SH   SOLE   150,451 0 196,942
GENTHERM INC. COM 37253A103   67,287 1,364,291 SH   SOLE   567,498 0 796,793
GLOBUS MEDICAL INC. CL A 379577208   101,438 1,481,059 SH   SOLE   636,195 0 844,864
GRAB HOLDINGS LIMITED CLASS A ORD CLASS A ORD G4124C109   413 116,300 SH   SOLE   116,300 0 0
GRAND CANYON EDUCATION INC. COM 38526M106   105,908 756,971 SH   SOLE   322,653 0 434,318
GROCERY OUTLET HLDG CORP. COM 39874R101   77,388 3,498,533 SH   SOLE   1,491,058 0 2,007,475
HAMILTON LANE INC. CL A 407497106   110,334 892,812 SH   SOLE   385,148 0 507,664
HEALTHEQUITY INC. COM 42226A107   80,180 930,168 SH   SOLE   389,069 0 541,099
HOULIHAN LOKEY INC. CL A 441593100   88,889 659,118 SH   SOLE   284,875 0 374,243
INSTALLED BLDG PRODS INC. COM 45780R101   62,369 303,232 SH   SOLE   130,679 0 172,553
IRIDIUM COMMUNICATIONS INC. COM 46269C102   92,639 3,480,051 SH   SOLE   1,493,878 0 1,986,173
KULICKE & SOFFA INDUSTRIES ADR COM 501242101   1,110 22,566 SH   SOLE   22,566 0 0
LAUREATE EDUCATION INC. COMMON STOCK 518613203   103,860 6,951,804 SH   SOLE   2,996,746 0 3,955,058
MARKETAXESS HOLDINGS INC. COM 57060D108   32,913 164,132 SH   SOLE   70,733 0 93,399
MARRIOTT VACATIONS WORLDWIDE CORP. COM 57164Y107   63,059 722,164 SH   SOLE   304,077 0 418,087
MAXIMUS INC. COM 577933104   98,257 1,146,524 SH   SOLE   487,706 0 658,818
NMI HOLDINGS INC. COM 629209305   83,457 2,451,743 SH   SOLE   1,032,112 0 1,419,631
ORMAT TECHNOLOGIES INC. COM 686688102   94,855 1,322,936 SH   SOLE   568,470 0 754,466
PAYLOCITY HLDG CORP. COM 70438V106   76,447 579,801 SH   SOLE   248,278 0 331,523
PENNANT GROUP INC. COM 70805E109   1,815 78,249 SH   SOLE   78,249 0 0
PLANET FITNESS INC CL A CL A 72703H101   78,143 1,061,865 SH   SOLE   453,254 0 608,611
PRIMORIS SERVICES CORP. COM 74164F103   68,980 1,382,632 SH   SOLE   576,054 0 806,578
PTC INC. COM 69370C100   1,967 10,830 SH   SOLE   10,830 0 0
QUALYS INC. COM 74758T303   53,095 372,338 SH   SOLE   159,406 0 212,932
RLI CORP. COM 749607107   78,331 556,764 SH   SOLE   238,780 0 317,984
SHAKE SHACK INC. CL A CL A 819047101   65,685 729,834 SH   SOLE   313,869 0 415,965
SILICON LABORATORIES INC. COM 826919102   67,399 609,232 SH   SOLE   264,792 0 344,440
SOTERA HEALTH CO. COM 83601L102   857 72,189 SH   SOLE   72,189 0 0
STONEX GROUP INC. COM 861896108   106,596 1,415,432 SH   SOLE   609,755 0 805,677
TEMPUR SEALY INTERNATIONAL INC. COM 88023U101   71,413 1,508,510 SH   SOLE   641,656 0 866,854
TRACTOR SUPPLY COMPANY COM 892356106   1,655 6,130 SH   SOLE   6,130 0 0
TUCOWS INC. COM NEW 898697206   1,762 91,880 SH   SOLE   48,250 0 43,630
VICTORY CAP HLDGS INC. COM CL A COM CL A 92645B103   90,600 1,898,184 SH   SOLE   819,665 0 1,078,519
VIPSHOP HOLDINGS LIMITED ADR SPONSORED ADS A 92763W103   700 53,799 SH   SOLE   53,799 0 0
YETI HOLDINGS INC. COM 98585X104   73,196 1,918,642 SH   SOLE   813,881 0 1,104,761
YUM CHINA HOLDINGS COM 98850P109   827 26,750 SH   SOLE   26,750 0 0