Monarch Partners Asset Management LLC
Reported holdings as of Q4 2022, from 17 quarterly filings.
This filer last reported in Q4 2022; the most recent quarter on file across all filers is Q2 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| LEONARDO DRS INC | DRS | $6.9M | 541,588 | - | new | NEW | |
| MODINE MFG CO | MOD | $6.6M | 330,893 | +0.78pp | 4q | +10.9%+$644.8K | |
| TECNOGLASS INC | TGLS | $5.7M | 184,777 | +0.24pp | 16q | -19.0%-$1.3M | |
| HERITAGE COMM CORP | HTBK | $5.3M | 406,586 | +0.45pp | 7q | +24.2%+$1.0M | |
| CARETRUST REIT INC | CTRE | $4.9M | 262,646 | +0.11pp | 2q | +7.5%+$341.2K | |
| ULTRA CLEAN HLDGS INC | UCTT | $4.8M | 144,997 | +0.91pp | 8q | +121.9%+$2.6M | |
| NETSTREIT CORP | NTST | $4.6M | 252,384 | -0.21pp | 5q | -14.3%-$769.5K | |
| CHEFS WHSE INC | CHEF | $4.6M | 137,398 | -0.29pp | 3q | -27.0%-$1.7M | |
| OXFORD INDS INC | OXM | $4.5M | 48,180 | +0.09pp | 3q | +5.5%+$232.2K | |
| ADTRAN HOLDINGS INC | ADTN | $4.4M | 236,114 | +0.12pp | 2q | +16.3%+$621.7K | |
| UNITIL CORP | UTL | $4.4M | 86,049 | -0.39pp | 4q | -29.1%-$1.8M | |
| HUDSON TECHNOLOGIES INC | HDSN | $4.4M | 431,852 | - | new | NEW | |
| METALLUS INC | MTUS | $4.4M | 240,111 | - | new | NEW | |
| HURON CONSULTING GROUP INC | HURN | $4.3M | 59,678 | -0.37pp | 3q | -28.0%-$1.7M | |
| KRYSTAL BIOTECH INC | KRYS | $4.3M | 53,905 | +0.29pp | 3q | +15.9%+$587.1K | |
| SUNOPTA INC | STKL | $4.2M | 501,170 | -0.07pp | 3q | +4.0%+$160.8K | |
| CONNECTONE BANCORP INC | CNOB | $4.2M | 174,058 | - | new | NEW | |
| LIGAND PHARMACEUTICALS INC | LGND | $4.2M | 62,327 | -0.31pp | 3q | +4.6%+$183.2K | |
| COLLEGIUM PHARMACEUTICAL INC | COLL | $4.2M | 179,129 | +0.37pp | 12q | HELD | |
| GREEN PLAINS INC | GPRE | $4.1M | 136,025 | -0.07pp | 8q | -8.0%-$359.2K | |
| CASTLE BIOSCIENCES INC | CSTL | $4.0M | 170,195 | -0.29pp | 14q | -9.8%-$434.0K | |
| IVERIC BIO INC | ISEE | $4.0M | 186,706 | +0.43pp | 9q | +34.0%+$1.0M | |
| LAKELAND BANCORP INC | LBAI | $3.8M | 218,580 | - | new | NEW | |
| U S SILICA HLDGS INC | SLCA | $3.8M | 304,219 | +0.26pp | 4q | +15.7%+$515.2K | |
| OLD SECOND BANCORP INC DEL | OSBC | $3.7M | 232,773 | +0.19pp | 4q | HELD | |
| INNOVIVA INC | INVA | $3.7M | 281,595 | +0.04pp | 3q | -7.9%-$318.6K | |
| DUCOMMUN INC DEL | DCO | $3.6M | 71,759 | +0.21pp | 9q | HELD | |
| ADDUS HOMECARE CORP | ADUS | $3.6M | 35,890 | -0.41pp | 8q | -29.8%-$1.5M | |
| REX AMERICAN RES CORP | REX | $3.5M | 110,776 | +0.04pp | 9q | -7.3%-$277.5K | |
| UNIVEST FINANCIAL CORPORATIO | UVSP | $3.5M | 134,456 | +0.09pp | 9q | HELD | |
| IRONWOOD PHARMACEUTICALS INC | IRWD | $3.4M | 276,579 | +0.07pp | 3q | -8.9%-$334.2K | |
| GUARANTY BANCSHARES INC TEX | GNTY | $3.4M | 97,765 | -0.01pp | 8q | HELD | |
| STOCK YDS BANCORP INC | SYBT | $3.4M | 52,047 | -0.13pp | 9q | -5.9%-$211.0K | |
| SHORE BANCSHARES INC | SHBI | $3.2M | 184,857 | -0.01pp | 6q | HELD | |
| UNITED FIRE GROUP INC | UFCS | $3.1M | 114,239 | -0.06pp | 3q | HELD | |
| BELDEN INC | BDC | $3.0M | 42,229 | +0.32pp | 5q | +32.9%+$751.1K | |
| BRUNSWICK CORP | BC | $3.0M | 41,602 | - | new | NEW | |
| OPPENHEIMER HLDGS INC | OPY | $3.0M | 70,646 | +0.23pp | 5q | +0.7%+$21.3K | |
| PLYMOUTH INDL REIT INC | PLYM | $3.0M | 155,772 | +0.10pp | 7q | HELD | |
| MASTERCRAFT BOAT HLDGS INC | MCFT | $3.0M | 114,084 | +0.13pp | 11q | -13.2%-$448.6K | |
| STONERIDGE INC | SRI | $2.9M | 133,198 | +0.17pp | 9q | HELD | |
| AMERICAN NATL BANKSHARES INC | AMNB | $2.8M | 76,449 | +0.10pp | 9q | HELD | |
| AMERICAN VANGUARD CORP | AVD | $2.8M | 129,117 | +0.23pp | 5q | +21.0%+$486.8K | |
| STIFEL FINL CORP | SF | $2.8M | 47,988 | -0.08pp | 6q | -17.5%-$594.5K | |
| GREEN BRICK PARTNERS INC | GRBK | $2.7M | 109,908 | - | new | NEW | |
| I3 VERTICALS INC | IIIV | $2.6M | 107,071 | -0.07pp | 4q | -23.2%-$786.6K | |
| INDEPENDENCE RLTY TR INC | IRT | $2.6M | 153,185 | -0.17pp | 2q | -17.6%-$551.1K | |
| BATH & BODY WORKS INC | BBWI | $2.5M | 59,636 | - | new | NEW | |
| BLACK HILLS CORP | BKH | $2.5M | 35,721 | +0.12pp | 2q | +17.7%+$377.9K | |
| ENTRAVISION COMMUNICATIONS C | EVC | $2.5M | 522,112 | +0.12pp | 5q | HELD | |
| SOUTHERN FIRST BANCSHARES | SFST | $2.5M | 54,713 | +0.31pp | 9q | +58.1%+$920.4K | |
| BANDWIDTH INC | BAND | $2.5M | 108,784 | +0.45pp | 4q | +33.8%+$631.3K | |
| PLAYA HOTELS & RESORTS NV | PLYA | $2.5M | 381,624 | -0.33pp | 4q | -37.6%-$1.5M | |
| NORTHEAST BK PORTLAND ME | NBN | $2.5M | 59,055 | +0.16pp | 9q | +12.9%+$284.1K | |
| WINTRUST FINL CORP | WTFC | $2.5M | 29,408 | -0.29pp | 5q | -29.6%-$1.0M | |
| MERITAGE HOMES CORP | MTH | $2.5M | 26,832 | - | new | NEW | |
| BIOLIFE SOLUTIONS INC | BLFS | $2.5M | 135,787 | -0.20pp | 7q | HELD | |
| QCR HLDGS INC | QCRH | $2.4M | 49,111 | +0.25pp | 17q | +59.5%+$909.2K | |
| ARES COML REAL ESTATE CORP | ACRE | $2.4M | 236,600 | -0.02pp | 9q | HELD | |
| AMERESCO INC | AMRC | $2.4M | 42,561 | -0.23pp | 2q | -10.6%-$288.7K | |
| LOUISIANA PAC CORP | LPX | $2.4M | 40,596 | - | new | NEW | |
| IDACORP INC | IDA | $2.4M | 22,283 | -0.09pp | 6q | -17.6%-$512.7K | |
| VALLEY NATL BANCORP | VLY | $2.4M | 212,337 | - | new | NEW | |
| UNIVERSAL TECHNICAL INST INC | UTI | $2.4M | 357,010 | -0.03pp | 4q | -21.2%-$647.0K | |
| CRINETICS PHARMACEUTICALS IN | CRNX | $2.4M | 128,974 | -0.08pp | 2q | -1.4%-$34.5K | |
| NEXPOINT REAL ESTATE FIN INC | NREF | $2.3M | 147,568 | +0.03pp | 12q | +0.7%+$17.0K | |
| PMV PHARMACEUTICALS INC | PMVP | $2.3M | 263,449 | -0.08pp | 2q | +25.2%+$461.8K | |
| BARRETT BUSINESS SVCS INC | BBSI | $2.2M | 23,948 | -0.12pp | 9q | -27.7%-$855.5K | |
| PRIMIS FINANCIAL CORP | FRST | $2.2M | 188,147 | -0.02pp | 5q | +0.7%+$16.2K | |
| ROCKET PHARMACEUTICALS INC | RCKT | $2.2M | 113,788 | +0.24pp | 2q | +31.1%+$528.4K | |
| EARTHSTONE ENERGY INC | ESTE | $2.2M | 153,901 | - | new | NEW | |
| PROTHENA CORP PLC | PRTA | $2.1M | 35,645 | +0.03pp | 2q | +6.8%+$137.7K | |
| GXO LOGISTICS INCORPORATED | GXO | $2.1M | 50,115 | - | new | NEW | |
| ENTERPRISE BANCORP INC MASS | EBTC | $2.1M | 60,115 | +0.09pp | 6q | HELD | |
| TETRA TECHNOLOGIES INC DEL | TTI | $2.1M | 612,311 | -0.09pp | 4q | -8.2%-$188.5K | |
| PERION NETWORK LTD | PERI | $2.1M | 82,915 | +0.14pp | 9q | +0.7%+$15.3K | |
| CHATHAM LODGING TR | CLDT | $2.1M | 170,166 | -0.18pp | 5q | -36.7%-$1.2M | |
| CAMBRIDGE BANCORP | CATC | $2.1M | 25,134 | +0.02pp | 13q | HELD | |
| LINDBLAD EXPEDITIONS HLDGS I | LIND | $2.1M | 270,098 | +0.23pp | 3q | +41.8%+$613.5K | |
| EVANS BANCORP INC | EVBN | $2.0M | 54,651 | -0.08pp | 7q | -12.2%-$283.7K | |
| FIRST MERCHANTS CORP | FRME | $2.0M | 49,569 | - | new | NEW | |
| CELLDEX THERAPEUTICS INC NEW | CLDX | $2.0M | 45,479 | - | new | NEW | |
| SOUTHSTATE CORPORATION | SSBXXXX | $2.0M | 26,517 | -0.13pp | 4q | -13.4%-$313.9K | |
| SEASPINE HLDGS CORP | SPNE | $2.0M | 241,377 | +0.19pp | 17q | +0.7%+$14.6K | |
| ATN INTL INC | ATNI | $2.0M | 44,158 | +0.08pp | 3q | HELD | |
| O-I GLASS INC | OI | $2.0M | 120,056 | +0.33pp | 3q | +80.3%+$885.9K | |
| BOOT BARN HLDGS INC | BOOT | $2.0M | 31,799 | - | new | NEW | |
| PVH CORPORATION | PVH | $2.0M | 27,991 | - | new | NEW | |
| AMERICAN EAGLE OUTFITTERS IN | AEO | $2.0M | 141,145 | - | new | NEW | |
| PURE CYCLE CORP | PCYO | $2.0M | 187,233 | +0.11pp | 17q | +0.7%+$14.4K | |
| HANCOCK WHITNEY CORPORATION | HWC | $1.9M | 38,508 | -0.30pp | 2q | -37.9%-$1.1M | |
| CAPRI HOLDINGS LIMITED | CPRI | $1.8M | 32,153 | +0.08pp | 3q | -20.3%-$468.9K | |
| ORTHOPEDIATRICS CORP | KIDS | $1.8M | 46,172 | -0.72pp | 10q | -49.2%-$1.8M | |
| TRINET GROUP INC | TNET | $1.8M | 26,947 | -0.42pp | 3q | -39.8%-$1.2M | |
| BRINKS CO | BCO | $1.8M | 33,975 | +0.01pp | 17q | -5.7%-$111.2K | |
| BERRY CORP | BRY | $1.8M | 223,458 | +0.02pp | 5q | HELD | |
| ENERGY RECOVERY INC | ERII | $1.8M | 86,596 | -0.04pp | 17q | HELD | |
| FIVE9 INC | FIVN | $1.7M | 25,442 | - | new | NEW | |
| HARVARD BIOSCIENCE INC | HBIO | $1.7M | 613,837 | -0.11pp | 7q | -23.4%-$519.2K | |
| MAMMOTH ENERGY SVCS INC | TUSK | $1.7M | 195,964 | - | new | NEW | |
| SCANSOURCE INC | SCSC | $1.7M | 57,100 | +0.04pp | 4q | +0.7%+$12.0K | |
| WNS HLDGS LTD | WNSXXXX | $1.7M | 20,635 | -0.12pp | 5q | -15.9%-$312.1K | |
| AGIOS PHARMACEUTICALS INC | AGIO | $1.6M | 58,246 | -0.01pp | 2q | +0.7%+$12.0K | |
| REGENXBIO INC | RGNX | $1.6M | 72,064 | -0.31pp | 2q | -27.6%-$622.7K | |
| HESKA CORP | HSKA | $1.6M | 25,887 | -0.49pp | 4q | -41.5%-$1.1M | |
| CENTURY CASINOS INC | CNTY | $1.6M | 226,932 | +0.02pp | 17q | HELD | |
| SM ENERGY COMPANY | SM | $1.6M | 45,747 | +0.24pp | 3q | +125.4%+$886.4K | |
| FOOT LOCKER INC | FL | $1.5M | 40,930 | - | new | NEW | |
| EVOQUA WATER TECHNOLOGIES CO | AQUA | $1.5M | 39,025 | -0.01pp | 11q | -17.5%-$327.6K | |
| DESTINATION XL GROUP INC | DXLG | $1.5M | 221,197 | - | new | NEW | |
| GRAPHIC PACKAGING HLDG CO | GPK | $1.5M | 65,889 | -0.04pp | 4q | -17.6%-$313.1K | |
| NOVA LTD | NVMI | $1.5M | 17,803 | - | new | NEW | |
| AEROJET ROCKETDYNE HLDGS INC | AJRD | $1.4M | 25,846 | - | new | NEW | |
| FIRST INTST BANCSYSTEM INC | FIBK | $1.4M | 36,262 | -0.12pp | 4q | -17.6%-$299.0K | |
| ENPRO INC | NPO | $1.4M | 12,808 | +0.02pp | 9q | -15.6%-$257.5K | |
| VERTEX INC | VERX | $1.4M | 95,252 | - | new | NEW | |
| ATLAS TECHNICAL CONSULTANTS | ATCX | $1.4M | 266,651 | -0.13pp | 6q | HELD | |
| VERRA MOBILITY CORP | VRRM | $1.3M | 97,515 | -0.44pp | 3q | -46.1%-$1.2M | |
| DYNAVAX TECHNOLOGIES CORP | DVAX | $1.3M | 121,879 | - | new | NEW | |
| UPLAND SOFTWARE INC | UPLD | $1.3M | 180,627 | -0.06pp | 10q | +0.7%+$9.4K | |
| RELAY THERAPEUTICS INC | RLAY | $1.3M | 85,139 | +0.09pp | 2q | +100.0%+$636.1K | |
| ARCUS BIOSCIENCES INC | RCUS | $1.2M | 58,847 | -0.10pp | 2q | +0.7%+$8.6K | |
| OMNIAB INC | OABI | $1.1M | 315,193 | - | new | NEW | |
| OFG BANCORP | OFG | $1.1M | 41,165 | -0.06pp | 8q | -21.9%-$317.8K | |
| PDC ENERGY INC | PDCE | $1.1M | 16,566 | +0.04pp | 4q | +4.9%+$48.9K | |
| BAR HBR BANKSHARES | BHB | $1.1M | 32,790 | - | new | NEW | |
| CROCS INC | CROX | $835.1K | 7,702 | -0.69pp | 2q | -83.0%-$4.1M | |
| ORGANOGENESIS HLDGS INC | ORGO | $816.9K | 303,681 | -0.05pp | 3q | +0.7%+$5.9K | |
| AGREE RLTY CORP | ADC | $686.6K | 9,680 | -0.52pp | 3q | -72.9%-$1.8M | |
| PERSONALIS INC | PSNL | $636.4K | 321,406 | -0.10pp | 7q | +0.7%+$4.6K | |
| MID-AMER APT CMNTYS INC | MAA | $583.2K | 3,715 | - | new | NEW | |
| DECKERS OUTDOOR CORP | DECK | $520.9K | 1,305 | -0.57pp | 2q | -83.1%-$2.6M | |
| CHARLES RIV LABS INTL INC | CRL | $396.6K | 1,820 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Biotech & Pharma | $40.6M | 12.0% |
| Banks & Lending | $37.6M | 11.1% |
| Autos & Aerospace | $22.9M | 6.8% |
| Real Estate | $20.2M | 6.0% |
| Construction & Building | $17.6M | 5.2% |
| Retail & Consumer | $16.3M | 4.8% |
| Chemicals | $13.2M | 3.9% |
| Business Services | $12.4M | 3.7% |
| Software & IT Services | $11.6M | 3.4% |
| Utilities | $11.3M | 3.3% |
| Wholesale & Distribution | $10.6M | 3.1% |
| Semiconductors & Electronics | $9.2M | 2.7% |
| Other sectors | $55.2M | 16.3% |
| Not classified | $59.8M | 17.6% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q4 2022 | $338.6M | 133 | 30 | 38 | 45 | 32 | 15.4% | 33 |
| Q3 2022 | $332.8M | 135 | 25 | 42 | 40 | 42 | 15.3% | 31 |
| Q2 2022 | $358.0M | 152 | 43 | 38 | 52 | 42 | 14.5% | 20 |
| Q1 2022 | $447.6M | 151 | 34 | 45 | 46 | 38 | 15.5% | 36 |
| Q4 2021 | $492.0M | 155 | 35 | 46 | 72 | 32 | 14.1% | 34 |
| Q3 2021 | $685.0M | 152 | 39 | 67 | 45 | 35 | 16.0% | 35 |
| Q2 2021 | $695.5M | 148 | 37 | 70 | 41 | 38 | 15.8% | 30 |
| Q1 2021 | $664.6M | 149 | 43 | 42 | 64 | 61 | 18.0% | 41 |
| Q4 2020 | $572.7M | 167 | 84 | 22 | 61 | 76 | 16.8% | 35 |
| Q3 2020 | $444.4M | 159 | 21 | 108 | 29 | 33 | 17.6% | 36 |
| Q2 2020 | $409.7M | 171 | 64 | 53 | 35 | 47 | 16.4% | 31 |
| Q1 2020 | $285.0M | 154 | 52 | 59 | 34 | 66 | 22.2% | 34 |
| Q4 2019 | $448.5M | 168 | 50 | 28 | 66 | 48 | 17.4% | 36 |
| Q3 2019 | $664.7M | 166 | 37 | 84 | 44 | 36 | 20.1% | 35 |
| Q2 2019 | $696.7M | 165 | 30 | 53 | 44 | 36 | 19.4% | 39 |
| Q1 2019 | $662.8M | 171 | 39 | 37 | 63 | 44 | 19.9% | 39 |
| Q4 2018 | $692.4M | 176 | 0 | 0 | 0 | 0 | 24.3% | 38 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.