Monarch Partners Asset Management LLC

BOSTON, MA · CIK 1568555 · 13F filing filed 2023-02-02

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbyBoston, MA

$338.6m reported value +1.7% vs Q3 2022

133positions

15.4%in top 10

30 new 55 added 48 reduced 32 sold out vs Q3 2022

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	LEONARDO DRS INC COM DRS	DRS	541,588	$6.9m2.04%	2.04%	New
2	MODINE MFG CO COM MOD	MOD	330,893	$6.6m1.94%	1.94%	Added +32.5k	+32,469 10.9%
3	TECNOGLASS INC ORD SHS TGLS	TGLS	184,777	$5.7m1.68%	1.68%	Reduced -43.2k	-43,214 -18.9%
4	HERITAGE COMM CORP COM HTBK	HTBK	406,586	$5.3m1.56%	1.56%	Added +79.3k	+79,274 24.2%
5	CARETRUST REIT INC COM CTRE	CTRE	262,646	$4.9m1.44%	1.44%	Added +18.4k	+18,366 7.5%
6	ULTRA CLEAN HLDGS INC COM UCTT	UCTT	144,997	$4.8m1.42%	1.42%	Added +79.6k	+79,641 121.9%
7	NETSTREIT CORP COM NTST	NTST	252,384	$4.6m1.37%	1.37%	Reduced -42.0k	-41,983 -14.3%
8	CHEFS WHSE INC COM CHEF	CHEF	137,398	$4.6m1.35%	1.35%	Reduced -50.7k	-50,736 -27.0%
9	OXFORD INDS INC COM OXM	OXM	48,180	$4.5m1.33%	1.33%	Added +2.5k	+2,492 5.5%
10	ADTRAN HOLDINGS INC COM ADTN	ADTN	236,114	$4.4m1.31%	1.31%	Added +33.1k	+33,085 16.3%
11	UNITIL CORP COM UTL	UTL	86,049	$4.4m1.31%	1.31%	Reduced -35.4k	-35,376 -29.1%
12	HUDSON TECHNOLOGIES INC COM HDSN	HDSN	431,852	$4.4m1.29%	1.29%	New
13	METALLUS INC COM MTUS	MTUS	240,111	$4.4m1.29%	1.29%	New
14	HURON CONSULTING GROUP INC COM HURN	HURN	59,678	$4.3m1.28%	1.28%	Reduced -23.3k	-23,255 -28.0%
15	KRYSTAL BIOTECH INC COM KRYS	KRYS	53,905	$4.3m1.26%	1.26%	Added +7.4k	+7,411 15.9%
16	SUNOPTA INC COM STKL	STKL	501,170	$4.2m1.25%	1.25%	Added +19.1k	+19,050 4.0%
17	CONNECTONE BANCORP INC COM CNOB	CNOB	174,058	$4.2m1.24%	1.24%	New
18	LIGAND PHARMACEUTICALS INC COM NEW LGND	LGND	62,327	$4.2m1.23%	1.23%	Added +2.7k	+2,743 4.6%
19	COLLEGIUM PHARMACEUTICAL INC COM COLL	COLL	179,129	$4.2m1.23%	1.23%	Added +363	+363 0.2%
20	GREEN PLAINS INC COM GPRE	GPRE	136,025	$4.1m1.23%	1.23%	Reduced -11.8k	-11,777 -8.0%
21	CASTLE BIOSCIENCES INC COM CSTL	CSTL	170,195	$4.0m1.18%	1.18%	Reduced -18.4k	-18,436 -9.8%
22	IVERIC BIO INC COM OPHT	OPHT	186,706	$4.0m1.18%	1.18%	Added +47.4k	+47,391 34.0%
23	LAKELAND BANCORP INC COM LBAI	LBAI	218,580	$3.8m1.14%	1.14%	New
24	U S SILICA HLDGS INC COM SLCA	SLCA	304,219	$3.8m1.12%	1.12%	Added +41.2k	+41,214 15.7%
25	OLD SECOND BANCORP INC ILL COM OSBC	OSBC	232,773	$3.7m1.10%	1.10%	Added +613	+613 0.3%
26	INNOVIVA INC COM INVA	INVA	281,595	$3.7m1.10%	1.10%	Reduced -24.0k	-24,045 -7.9%
27	DUCOMMUN INC DEL COM DCO	DCO	71,759	$3.6m1.06%	1.06%	Added +170	+170 0.2%
28	ADDUS HOMECARE CORP COM ADUS	ADUS	35,890	$3.6m1.05%	1.05%	Reduced -15.2k	-15,199 -29.8%
29	REX AMERICAN RES CORP COM REX	REX	110,776	$3.5m1.04%	1.04%	Reduced -8.7k	-8,709 -7.3%
30	UNIVEST FINANCIAL CORPORATIO COM UVSP	UVSP	134,456	$3.5m1.04%	1.04%	Added +327	+327 0.2%
31	IRONWOOD PHARMACEUTICALS INC COM CL A IRWD	IRWD	276,579	$3.4m1.01%	1.01%	Reduced -27.0k	-26,971 -8.9%
32	GUARANTY BANCSHARES INC TEX COM GNTY	GNTY	97,765	$3.4m1.00%	1.00%	Added +188	+188 0.2%
33	STOCK YDS BANCORP INC COM SYBT	SYBT	52,047	$3.4m1.00%	1.00%	Reduced -3.2k	-3,247 -5.9%
34	SHORE BANCSHARES INC COM SHBI	SHBI	184,857	$3.2m0.95%	0.95%	Added +409	+409 0.2%
35	UNITED FIRE GROUP INC COM UFCS	UFCS	114,239	$3.1m0.92%	0.92%	Added +324	+324 0.3%
36	BELDEN INC COM BDC	BDC	42,229	$3.0m0.90%	0.90%	Added +10.4k	+10,447 32.9%
37	BRUNSWICK CORP COM BC	BC	41,602	$3.0m0.89%	0.89%	New
38	OPPENHEIMER HLDGS INC CL A NON VTG OPY	OPY	70,646	$3.0m0.88%	0.88%	Added +504	+504 0.7%
39	PLYMOUTH INDL REIT INC COM PLYM	PLYM	155,772	$3.0m0.88%	0.88%	Added +210	+210 0.1%
40	MASTERCRAFT BOAT HLDGS INC COM MCFT	MCFT	114,084	$3.0m0.87%	0.87%	Reduced -17.3k	-17,339 -13.2%
41	STONERIDGE INC COM SRI	SRI	133,198	$2.9m0.85%	0.85%	Added +205	+205 0.1%
42	AMERICAN NATL BANKSHARES INC COM AMNB	AMNB	76,449	$2.8m0.83%	0.83%	Added +71	+71 0.1%
43	AMERICAN VANGUARD CORP COM AVD	AVD	129,117	$2.8m0.83%	0.83%	Added +22.4k	+22,425 21.0%
44	STIFEL FINL CORP COM SF	SF	47,988	$2.8m0.83%	0.83%	Reduced -10.2k	-10,185 -17.5%
45	GREEN BRICK PARTNERS INC COM GRBK	GRBK	109,908	$2.7m0.79%	0.79%	New
46	I3 VERTICALS INC COM CL A IIIV	IIIV	107,071	$2.6m0.77%	0.77%	Reduced -32.3k	-32,319 -23.2%
47	INDEPENDENCE RLTY TR INC COM IRT	IRT	153,185	$2.6m0.76%	0.76%	Reduced -32.7k	-32,685 -17.6%
48	BATH & BODY WORKS INC COM BBWI	BBWI	59,636	$2.5m0.74%	0.74%	New
49	BLACK HILLS CORP COM BKH	BKH	35,721	$2.5m0.74%	0.74%	Added +5.4k	+5,372 17.7%
50	ENTRAVISION COMMUNICATIONS C CL A EVC	EVC	522,112	$2.5m0.74%	0.74%	Added +1.1k	+1,126 0.2%
51	SOUTHERN FIRST BANCSHARES COM SFST	SFST	54,713	$2.5m0.74%	0.74%	Added +20.1k	+20,117 58.1%
52	BANDWIDTH INC COM CL A BAND	BAND	108,784	$2.5m0.74%	0.74%	Added +27.5k	+27,509 33.9%
53	PLAYA HOTELS & RESORTS NV SHS PLYA	PLYA	381,624	$2.5m0.74%	0.74%	Reduced -230.2k	-230,241 -37.6%
54	NORTHEAST BK PORTLAND ME COM NBN	NBN	59,055	$2.5m0.73%	0.73%	Added +6.7k	+6,748 12.9%
55	WINTRUST FINL CORP COM WTFC	WTFC	29,408	$2.5m0.73%	0.73%	Reduced -12.4k	-12,377 -29.6%
56	MERITAGE HOMES CORP COM MTH	MTH	26,832	$2.5m0.73%	0.73%	New
57	BIOLIFE SOLUTIONS INC COM NEW BLFS	BLFS	135,787	$2.5m0.73%	0.73%	Added +384	+384 0.3%
58	QCR HOLDINGS INC COM QCRH	QCRH	49,111	$2.4m0.72%	0.72%	Added +18.3k	+18,316 59.5%
59	ARES COML REAL ESTATE CORP COM ACRE	ACRE	236,600	$2.4m0.72%	0.72%	Added +522	+522 0.2%
60	AMERESCO INC CL A AMRC	AMRC	42,561	$2.4m0.72%	0.72%	Reduced -5.1k	-5,053 -10.6%
61	LOUISIANA PAC CORP COM LPX	LPX	40,596	$2.4m0.71%	0.71%	New
62	IDACORP INC COM IDA	IDA	22,283	$2.4m0.71%	0.71%	Reduced -4.8k	-4,754 -17.6%
63	VALLEY NATL BANCORP COM VLY	VLY	212,337	$2.4m0.71%	0.71%	New
64	UNIVERSAL TECHNICAL INST INC COM UTI	UTI	357,010	$2.4m0.71%	0.71%	Reduced -96.3k	-96,278 -21.2%
65	CRINETICS PHARMACEUTICALS IN COM CRNX	CRNX	128,974	$2.4m0.70%	0.70%	Reduced -1.9k	-1,886 -1.4%
66	NEXPOINT REAL ESTATE FIN INC COM NREF	NREF	147,568	$2.3m0.69%	0.69%	Added +1.1k	+1,072 0.7%
67	PMV PHARMACEUTICALS INC COM PMVP	PMVP	263,449	$2.3m0.68%	0.68%	Added +53.1k	+53,079 25.2%
68	BARRETT BUSINESS SVCS INC COM BBSI	BBSI	23,948	$2.2m0.66%	0.66%	Reduced -9.2k	-9,171 -27.7%
69	PRIMIS FINANCIAL CORP COM FRST	FRST	188,147	$2.2m0.66%	0.66%	Added +1.4k	+1,364 0.7%
70	ROCKET PHARMACEUTICALS INC COM RCKT	RCKT	113,788	$2.2m0.66%	0.66%	Added +27.0k	+27,003 31.1%
71	EARTHSTONE ENERGY INC CL A ESTE	ESTE	153,901	$2.2m0.65%	0.65%	New
72	PROTHENA CORP PLC SHS PRTA	PRTA	35,645	$2.1m0.63%	0.63%	Added +2.3k	+2,285 6.8%
73	GXO LOGISTICS INCORPORATED COMMON STOCK GXO	GXO	50,115	$2.1m0.63%	0.63%	New
74	ENTERPRISE BANCORP INC MASS COM COM		60,115	$2.1m0.63%	0.63%	Added +2	+2 0.0%
75	TETRA TECHNOLOGIES INC DEL COM TTI	TTI	612,311	$2.1m0.63%	0.63%	Reduced -54.5k	-54,474 -8.2%
76	PERION NETWORK LTD SHS NEW PERI	PERI	82,915	$2.1m0.62%	0.62%	Added +605	+605 0.7%
77	CHATHAM LODGING TR COM CLDT	CLDT	170,166	$2.1m0.62%	0.62%	Reduced -98.5k	-98,541 -36.7%
78	CAMBRIDGE BANCORP COM COM		25,134	$2.1m0.62%	0.62%	Added +24	+24 0.1%
79	LINDBLAD EXPEDITIONS HLDGS I COM LIND	LIND	270,098	$2.1m0.61%	0.61%	Added +79.7k	+79,672 41.8%
80	EVANS BANCORP INC COM NEW EVBN	EVBN	54,651	$2.0m0.60%	0.60%	Reduced -7.6k	-7,587 -12.2%
81	FIRST MERCHANTS CORP COM FRME	FRME	49,569	$2.0m0.60%	0.60%	New
82	CELLDEX THERAPEUTICS INC NEW COM NEW CLDX	CLDX	45,479	$2.0m0.60%	0.60%	New
83	SOUTHSTATE CORPORATION COM SSB	SSB	26,517	$2.0m0.60%	0.60%	Reduced -4.1k	-4,111 -13.4%
84	SEASPINE HLDGS CORP COM SPNE	SPNE	241,377	$2.0m0.60%	0.60%	Added +1.8k	+1,751 0.7%
85	ATN INTL INC COM ATNI	ATNI	44,158	$2.0m0.59%	0.59%	Added +103	+103 0.2%
86	O-I GLASS INC COM OI	OI	120,056	$2.0m0.59%	0.59%	Added +53.5k	+53,466 80.3%
87	BOOT BARN HLDGS INC COM BOOT	BOOT	31,799	$2.0m0.59%	0.59%	New
88	PVH CORPORATION COM PVH	PVH	27,991	$2.0m0.58%	0.58%	New
89	AMERICAN EAGLE OUTFITTERS IN COM AEO	AEO	141,145	$2.0m0.58%	0.58%	New
90	PURE CYCLE CORP COM NEW PCYO	PCYO	187,233	$2.0m0.58%	0.58%	Added +1.4k	+1,370 0.7%
91	HANCOCK WHITNEY CORPORATION COM HWC	HWC	38,508	$1.9m0.55%	0.55%	Reduced -23.5k	-23,485 -37.9%
92	CAPRI HOLDINGS LIMITED SHS CPRI	CPRI	32,153	$1.8m0.54%	0.54%	Reduced -8.2k	-8,181 -20.3%
93	ORTHOPEDIATRICS CORP COM KIDS	KIDS	46,172	$1.8m0.54%	0.54%	Reduced -44.8k	-44,752 -49.2%
94	TRINET GROUP INC COM TNET	TNET	26,947	$1.8m0.54%	0.54%	Reduced -17.8k	-17,805 -39.8%
95	BRINKS CO COM BCO	BCO	33,975	$1.8m0.54%	0.54%	Reduced -2.1k	-2,071 -5.8%
96	BERRY CORP COM COM		223,458	$1.8m0.53%	0.53%	Added +25	+25 0.0%
97	ENERGY RECOVERY INC COM ERII	ERII	86,596	$1.8m0.52%	0.52%	Reduced -74	-74 -0.1%
98	FIVE9 INC COM FIVN	FIVN	25,442	$1.7m0.51%	0.51%	New
99	HARVARD BIOSCIENCE INC COM COM		613,837	$1.7m0.50%	0.50%	Reduced -187.4k	-187,422 -23.4%
100	MAMMOTH ENERGY SVCS INC COM TUSK	TUSK	195,964	$1.7m0.50%	0.50%	New

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
AVID BIOSERVICES INC PPHM	PPHM	266,364	$5.1m266.4k shares
SPIRE INC SR	SR	57,544	$3.6m57.5k shares
EASTERN BANKSHARES INC EBC	EBC	177,972	$3.5m178.0k shares
DESIGNER BRANDS INC DBI	DBI	217,095	$3.3m217.1k shares
IMMUNOGEN INC IMGN	IMGN	674,845	$3.2m674.8k shares
WEBSTER FINL CORP WBS	WBS	69,859	$3.2m69.9k shares
PINNACLE FINL PARTNERS INC		34,701	$2.8m34.7k shares
FTI CONSULTING INC FCN	FCN	16,351	$2.7m16.4k shares
DRIVEN BRANDS HLDGS INC DRVN	DRVN	94,325	$2.6m94.3k shares
RADA ELECTR INDS LTD RADA	RADA	272,824	$2.6m272.8k shares
SANFILIPPO JOHN B & SON INC JBSS	JBSS	34,095	$2.6m34.1k shares
JEFFERIES FINL GROUP INC JEF	JEF	78,075	$2.3m78.1k shares
IMAGO BIOSCIENCES INC		148,915	$2.2m148.9k shares
MANHATTAN ASSOCIATES INC MANH	MANH	15,598	$2.1m15.6k shares
PLAYAGS INC AGS	AGS	389,727	$2.1m389.7k shares
FUNKO INC FNKO	FNKO	98,035	$2.0m98.0k shares
GLOBAL MED REIT INC GMRE	GMRE	217,560	$1.9m217.6k shares
SUNNOVA ENERGY INTL INC. NOVAQ	NOVAQ	83,222	$1.8m83.2k shares
HCI GROUP INC HCI	HCI	44,756	$1.8m44.8k shares
CULLEN FROST BANKERS INC CFR	CFR	12,793	$1.7m12.8k shares
CALERES INC CAL	CAL	68,680	$1.7m68.7k shares
POPULAR INC BPOP	BPOP	22,097	$1.6m22.1k shares
SUNRUN INC RUN	RUN	52,984	$1.5m53.0k shares
PERFORMANCE FOOD GROUP CO PFGC	PFGC	32,011	$1.4m32.0k shares
CRANE NXT CO CXT	CXT	15,300	$1.3m15.3k shares