0001398344-23-001883.txt : 20230202 0001398344-23-001883.hdr.sgml : 20230202 20230202112927 ACCESSION NUMBER: 0001398344-23-001883 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221231 FILED AS OF DATE: 20230202 DATE AS OF CHANGE: 20230202 EFFECTIVENESS DATE: 20230202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Monarch Partners Asset Management LLC CENTRAL INDEX KEY: 0001568555 IRS NUMBER: 271468040 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-15158 FILM NUMBER: 23579463 BUSINESS ADDRESS: STREET 1: 77 SLEEPER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-419-2200 MAIL ADDRESS: STREET 1: 77 SLEEPER STREET CITY: BOSTON STATE: MA ZIP: 02210 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001568555 XXXXXXXX 12-31-2022 12-31-2022 false Monarch Partners Asset Management LLC

77 SLEEPER STREET BOSTON MA 02210

13F HOLDINGS REPORT 028-15158 000152727 801-71007 N So Chong Yi 617-419-2215 /s/ So Chong Yi Boston MA 02-02-2023 0 133 338598680 INFORMATION TABLE 2 fp0081696-1_13fhr-table.xml ADDUS HOMECARE CORP COM 006739106 3570696 35890 SH SOLE 25297 0 10593 ADTRAN HOLDINGS INC COM 00486H105 4436582 236114 SH SOLE 159240 0 76874 AEROJET ROCKETDYNE HLDGS INC COM 007800105 1445567 25846 SH SOLE 15411 0 10435 AGIOS PHARMACEUTICALS INC COM 00847X104 1635548 58246 SH SOLE 42911 0 15335 AGREE RLTY CORP COM 008492100 686602 9680 SH SOLE 9680 0 0 AMERESCO INC CL A 02361E108 2431936 42561 SH SOLE 26801 0 15760 AMERICAN EAGLE OUTFITTERS IN COM 02553E106 1970384 141145 SH SOLE 84450 0 56695 AMERICAN NATL BANKSHARES INC COM 027745108 2823262 76449 SH SOLE 56688 0 19761 AMERICAN VANGUARD CORP COM 030371108 2803130 129117 SH SOLE 94944 0 34173 ARCUS BIOSCIENCES INC COM 03969F109 1216956 58847 SH SOLE 43352 0 15495 ARES COML REAL ESTATE CORP COM 04013V108 2434614 236600 SH SOLE 175198 0 61402 ATLAS TECHNICAL CONSULTANTS COM CLS A 049430101 1373253 266651 SH SOLE 198053 0 68598 ATN INTL INC COM 00215F107 2000799 44158 SH SOLE 32639 0 11519 BANDWIDTH INC COM CL A 05988J103 2496593 108784 SH SOLE 72724 0 36060 BAR HBR BANKSHARES COM 066849100 1050592 32790 SH SOLE 24225 0 8565 BARRETT BUSINESS SVCS INC COM 068463108 2233869 23948 SH SOLE 18092 0 5856 BATH & BODY WORKS INC COM 070830104 2513061 59636 SH SOLE 35686 0 23950 BELDEN INC COM 077454106 3036265 42229 SH SOLE 25759 0 16470 BERRY CORP COM 08579X101 1787664 223458 SH SOLE 165823 0 57635 BIOLIFE SOLUTIONS INC COM NEW 09062W204 2471323 135787 SH SOLE 100491 0 35296 BLACK HILLS CORP COM 092113109 2512615 35721 SH SOLE 21355 0 14366 BOOT BARN HLDGS INC COM 099406100 1988073 31799 SH SOLE 19062 0 12737 BRINKS CO COM 109696104 1824797 33975 SH SOLE 21087 0 12888 BRUNSWICK CORP COM 117043109 2998672 41602 SH SOLE 24897 0 16705 CAMBRIDGE BANCORP COM 132152109 2087630 25134 SH SOLE 18640 0 6494 CAPRI HOLDINGS LIMITED SHS G1890L107 1843010 32153 SH SOLE 18727 0 13426 CARETRUST REIT INC COM 14174T107 4879963 262646 SH SOLE 177941 0 84705 CASTLE BIOSCIENCES INC COM 14843C105 4006390 170195 SH SOLE 117238 0 52957 CELLDEX THERAPEUTICS INC NEW COM NEW 15117B202 2026999 45479 SH SOLE 33614 0 11865 CENTURY CASINOS INC COM 156492100 1595332 226932 SH SOLE 168576 0 58356 CHARLES RIV LABS INTL INC COM 159864107 396578 1820 SH SOLE 1820 0 0 CHATHAM LODGING TR COM 16208T102 2087937 170166 SH SOLE 113220 0 56946 CHEFS WHSE INC COM 163086101 4572605 137398 SH SOLE 88161 0 49237 COLLEGIUM PHARMACEUTICAL INC COM 19459J104 4155793 179129 SH SOLE 132661 0 46468 CONNECTONE BANCORP INC COM 20786W107 4213944 174058 SH SOLE 116158 0 57900 CRINETICS PHARMACEUTICALS IN COM 22663K107 2360224 128974 SH SOLE 83733 0 45241 CROCS INC COM 227046109 835128 7702 SH SOLE 4616 0 3086 DECKERS OUTDOOR CORP COM 243537107 520904 1305 SH SOLE 1305 0 0 DESTINATION XL GROUP INC COM 25065K104 1493080 221197 SH SOLE 163507 0 57690 DUCOMMUN INC DEL COM 264147109 3585080 71759 SH SOLE 53136 0 18623 DYNAVAX TECHNOLOGIES CORP COM NEW 268158201 1296793 121879 SH SOLE 90092 0 31787 EARTHSTONE ENERGY INC CL A 27032D304 2190011 153901 SH SOLE 92040 0 61861 ENERGY RECOVERY INC COM 29270J100 1774352 86596 SH SOLE 64325 0 22271 ENPRO INDS INC COM 29355X107 1392102 12808 SH SOLE 8206 0 4602 ENTERPRISE BANCORP INC MASS COM 293668109 2122060 60115 SH SOLE 44611 0 15504 ENTRAVISION COMMUNICATIONS C CL A 29382R107 2506138 522112 SH SOLE 386635 0 135477 EVANS BANCORP INC COM NEW 29911Q208 2043401 54651 SH SOLE 40559 0 14092 EVOQUA WATER TECHNOLOGIES CO COM 30057T105 1545390 39025 SH SOLE 23359 0 15666 FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 1401526 36262 SH SOLE 21722 0 14540 FIRST MERCHANTS CORP COM 320817109 2037782 49569 SH SOLE 28639 0 20930 FIVE9 INC COM 338307101 1726494 25442 SH SOLE 15276 0 10166 FOOT LOCKER INC COM 344849104 1546745 40930 SH SOLE 24410 0 16520 GRAPHIC PACKAGING HLDG CO COM 388689101 1466030 65889 SH SOLE 39425 0 26464 GREEN BRICK PARTNERS INC COM 392709101 2663071 109908 SH SOLE 81243 0 28665 GREEN PLAINS INC COM 393222104 4148763 136025 SH SOLE 92771 0 43254 GUARANTY BANCSHARES INC TEX COM 400764106 3386580 97765 SH SOLE 72402 0 25363 GXO LOGISTICS INCORPORATED COMMON STOCK 36262G101 2139409 50115 SH SOLE 29985 0 20130 HANCOCK WHITNEY CORPORATION COM 410120109 1863402 38508 SH SOLE 17518 0 20990 HARVARD BIOSCIENCE INC COM 416906105 1700328 613837 SH SOLE 452223 0 161614 HERITAGE COMM CORP COM 426927109 5285618 406586 SH SOLE 271294 0 135292 HESKA CORP COM RESTRC NEW 42805E306 1609136 25887 SH SOLE 19070 0 6817 HUDSON TECHNOLOGIES INC COM 444144109 4370342 431852 SH SOLE 300065 0 131787 HURON CONSULTING GROUP INC COM 447462102 4332623 59678 SH SOLE 38760 0 20918 I3 VERTICALS INC COM CL A 46571Y107 2606108 107071 SH SOLE 79146 0 27925 IDACORP INC COM 451107106 2403222 22283 SH SOLE 13338 0 8945 INDEPENDENCE RLTY TR INC COM 45378A106 2582699 153185 SH SOLE 91675 0 61510 INNOVIVA INC COM 45781M101 3731134 281595 SH SOLE 191790 0 89805 IRONWOOD PHARMACEUTICALS INC COM CL A 46333X108 3426814 276579 SH SOLE 176019 0 100560 IVERIC BIO INC COM 46583P102 3997375 186706 SH SOLE 119441 0 67265 KRYSTAL BIOTECH INC COM 501147102 4270354 53905 SH SOLE 36385 0 17520 LAKELAND BANCORP INC COM 511637100 3849194 218580 SH SOLE 149972 0 68608 LEONARDO DRS INC COM 52661A108 6921495 541588 SH SOLE 362016 0 179572 LIGAND PHARMACEUTICALS INC COM NEW 53220K504 4163444 62327 SH SOLE 41633 0 20694 LINDBLAD EXPEDITIONS HLDGS I COM 535219109 2079755 270098 SH SOLE 161731 0 108367 LOUISIANA PAC CORP COM 546347105 2403283 40596 SH SOLE 24327 0 16269 MAMMOTH ENERGY SVCS INC COM 56155L108 1695089 195964 SH SOLE 144850 0 51114 MASTERCRAFT BOAT HLDGS INC COM 57637H103 2951353 114084 SH SOLE 84298 0 29786 MERITAGE HOMES CORP COM 59001A102 2473910 26832 SH SOLE 16500 0 10332 MID-AMER APT CMNTYS INC COM 59522J103 583218 3715 SH SOLE 3715 0 0 MODINE MFG CO COM 607828100 6571535 330893 SH SOLE 221900 0 108993 NETSTREIT CORP COM 64119V303 4626199 252384 SH SOLE 164581 0 87803 NEXPOINT REAL ESTATE FIN INC COM 65342V101 2344856 147568 SH SOLE 108769 0 38799 NORTHEAST BK LEWISTON ME COM 66405S100 2486216 59055 SH SOLE 43505 0 15550 NOVA LTD COM M7516K103 1454149 17803 SH SOLE 13158 0 4645 O-I GLASS INC COM 67098H104 1989328 120056 SH SOLE 71929 0 48127 OFG BANCORP COM 67103X102 1134507 41165 SH SOLE 18727 0 22438 OLD SECOND BANCORP INC ILL COM 680277100 3733679 232773 SH SOLE 172306 0 60467 OMNIAB INC COM 68218J103 1134694 315193 SH SOLE 232894 0 82299 OPPENHEIMER HLDGS INC CL A NON VTG 683797104 2990445 70646 SH SOLE 52044 0 18602 ORGANOGENESIS HLDGS INC COM 68621F102 816902 303681 SH SOLE 223731 0 79950 ORTHOPEDIATRICS CORP COM 68752L100 1834414 46172 SH SOLE 34014 0 12158 OXFORD INDS INC COM 691497309 4489412 48180 SH SOLE 31655 0 16525 PDC ENERGY INC COM 69327R101 1051610 16566 SH SOLE 7539 0 9027 PERION NETWORK LTD SHS NEW M78673114 2097750 82915 SH SOLE 61083 0 21832 PERSONALIS INC COM 71535D106 636384 321406 SH SOLE 236789 0 84617 PLAYA HOTELS & RESORTS NV SHS N70544106 2492005 381624 SH SOLE 264111 0 117513 PLYMOUTH INDL REIT INC COM 729640102 2987707 155772 SH SOLE 115300 0 40472 PMV PHARMACEUTICALS INC COM 69353Y103 2292006 263449 SH SOLE 179595 0 83854 PRIMIS FINANCIAL CORP COM 74167B109 2229542 188147 SH SOLE 138459 0 49688 PROTHENA CORP PLC SHS G72800108 2147611 35645 SH SOLE 26795 0 8850 PURE CYCLE CORP COM NEW 746228303 1962202 187233 SH SOLE 137940 0 49293 PVH CORPORATION COM 693656100 1975885 27991 SH SOLE 16737 0 11254 QCR HOLDINGS INC COM 74727A104 2437870 49111 SH SOLE 31076 0 18035 REGENXBIO INC COM 75901B107 1634412 72064 SH SOLE 53269 0 18795 RELAY THERAPEUTICS INC COM 75943R102 1271977 85139 SH SOLE 62934 0 22205 REX AMERICAN RES CORP COM 761624105 3529323 110776 SH SOLE 73209 0 37567 ROCKET PHARMACEUTICALS INC COM 77313F106 2226831 113788 SH SOLE 77293 0 36495 SCANSOURCE INC COM 806037107 1668462 57100 SH SOLE 42064 0 15036 SEASPINE HLDGS CORP COM 81255T108 2015498 241377 SH SOLE 177823 0 63554 SHORE BANCSHARES INC COM 825107105 3222058 184857 SH SOLE 136871 0 47986 SM ENERGY CO COM 78454L100 1593368 45747 SH SOLE 29477 0 16270 SOUTHSTATE CORPORATION COM 840441109 2024838 26517 SH SOLE 14397 0 12120 SOUTHERN FIRST BANCSHARES COM 842873101 2503120 54713 SH SOLE 39604 0 15109 STIFEL FINL CORP COM 860630102 2801060 47988 SH SOLE 31623 0 16365 STOCK YDS BANCORP INC COM 861025104 3382014 52047 SH SOLE 34887 0 17160 STONERIDGE INC COM 86183P102 2871749 133198 SH SOLE 98704 0 34494 SUNOPTA INC COM 8676EP108 4229875 501170 SH SOLE 346435 0 154735 TECNOGLASS INC ORD SHS G87264100 5685588 184777 SH SOLE 125719 0 59058 TETRA TECHNOLOGIES INC DEL COM 88162F105 2118596 612311 SH SOLE 453313 0 158998 TIMKENSTEEL CORPORATION COM 887399103 4362817 240111 SH SOLE 162355 0 77756 TRINET GROUP INC COM 896288107 1827007 26947 SH SOLE 16109 0 10838 ULTRA CLEAN HLDGS INC COM 90385V107 4806651 144997 SH SOLE 95699 0 49298 UNITED FIRE GROUP INC COM 910340108 3125579 114239 SH SOLE 84544 0 29695 UNITIL CORP COM 913259107 4419477 86049 SH SOLE 57171 0 28878 UNIVERSAL TECHNICAL INST INC COM 913915104 2399107 357010 SH SOLE 263895 0 93115 UNIVEST FINANCIAL CORPORATIO COM 915271100 3513335 134456 SH SOLE 99552 0 34904 UPLAND SOFTWARE INC COM 91544A109 1287871 180627 SH SOLE 133084 0 47543 U S SILICA HLDGS INC COM 90346E103 3802738 304219 SH SOLE 202641 0 101578 VALLEY NATL BANCORP COM 919794107 2401531 212337 SH SOLE 122989 0 89348 VERRA MOBILITY CORP CL A COM STK 92511U102 1348632 97515 SH SOLE 58385 0 39130 VERTEX INC CL A 92538J106 1382107 95252 SH SOLE 70410 0 24842 WINTRUST FINL CORP COM 97650W108 2485564 29408 SH SOLE 17583 0 11825 WNS HLDGS LTD SPON ADR 92932M101 1650594 20635 SH SOLE 13286 0 7349