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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALTICE USA INC CL A 02156K103 41 7,000 SH   SOLE   7,000 0 0
ARMSTRONG WORLD INDS INC NEW COM 04247X102 362 4,574 SH   SOLE   4,574 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 1,399 34,200 SH   SOLE   34,200 0 0
CONSENSUS CLOUD SOLUTIONS IN COM 20848V105 4,409 93,212 SH   SOLE   93,212 0 0
FOCUS FINL PARTNERS INC COM CL A 34417P100 7,549 239,571 SH   SOLE   239,571 0 0
GOGO INC COM 38046C109 8,125 670,397 SH   SOLE   670,397 0 0
KADANT INC COM 48282T104 775 4,645 SH   SOLE   4,645 0 0
KLA CORP COM NEW 482480100 2,361 7,800 SH   SOLE   7,800 0 0
LAM RESEARCH CORP COM 512807108 1,956 5,320 SH   SOLE   5,320 0 0
LATHAM GROUP INC COM 51819L107 2,766 770,367 SH   SOLE   770,367 0 0
RAND CAP CORP COM NEW 752185207 273 18,654 SH   SOLE   18,654 0 0
SHUTTERSTOCK INC COM 825690100 251 5,000 SH   SOLE   5,000 0 0
SOTERA HEALTH CO COM 83601L102 2,182 320,000 SH   SOLE   320,000 0 0
SPDR GOLD TR GOLD SHS 78463V107 4,640 30,000 SH   SOLE   30,000 0 0
STONERIDGE INC COM 86183P102 20,257 1,195,130 SH   SOLE   1,195,130 0 0
TRICON RESIDENTIAL INC COM NPV 89612W102 4,046 461,537 SH   SOLE   461,537 0 0
ZIFF DAVIS INC COM 48123V102 15,088 220,326 SH   SOLE   220,326 0 0