UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

Report for the Calendar Year or Quarter Ended:
03-31-2022
Check here if Amendment: Amendment Number:
This Amendment (Check only one.): is a restatement.
adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Monarch Partners Asset Management LLC
Address:
77 SLEEPER STREET
BOSTON, MA 02210
Form 13F File Number:

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
So Chong Yi
Title:
Chief Compliance Officer
Phone:
617-419-2215


Signature, Place, and Date of Signing:

/s/ So Chong Yi
                         [Signature]
Boston, MASSACHUSETTS
                 [City, State]
05-06-2022
                           [Date]
                          

Report Type (Check only one.):

13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
151
Form 13F Information table Value Total:
447613
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ACADEMY SPORTS & OUTDOORS INCOM00402L1072,31558,765SHSOLE30,430 0 28,335
ADDUS HOMECARE CORPCOM0067391066,98174,834SHSOLE46,168 0 28,666
ADTRAN INCCOM00738A1061,83999,658SHSOLE73,144 0 26,514
AGCO CORPCOM0010841026824,670SHSOLE4,670 0 0
AMERICAN NATL BANKSHARES INCCOM0277451082,47865,753SHSOLE48,262 0 17,491
AMERICAN VANGUARD CORPCOM0303711085,573274,242SHSOLE170,764 0 103,478
ARES COML REAL ESTATE CORPCOM04013V1082,989192,568SHSOLE138,906 0 53,662
ATLAS TECHNICAL CONSULTANTSCOM CLS A0494301014,211349,755SHSOLE257,037 0 92,718
AVALARA INCCOM05338G1066556,585SHSOLE6,585 0 0
AVID BIOSERVICES INCCOM05368M1062,661130,644SHSOLE96,007 0 34,637
AXCELIS TECHNOLOGIES INCCOM NEW0545402081,66622,051SHSOLE16,206 0 5,845
BANCORP INC DELCOM05969A1054,164146,972SHSOLE77,668 0 69,304
BANDWIDTH INCCOM CL A05988J1033,954122,060SHSOLE67,555 0 54,505
BARRETT BUSINESS SVCS INCCOM0684631083,90850,439SHSOLE37,068 0 13,371
BEAZER HOMES USA INCCOM NEW07556Q8811,35889,215SHSOLE65,565 0 23,650
BELDEN INCCOM0774541064,98089,898SHSOLE49,163 0 40,735
BERRY CORPCOM08579X1013,375326,998SHSOLE240,003 0 86,995
BIOLIFE SOLUTIONS INCCOM NEW09062W2041,24854,913SHSOLE40,302 0 14,611
BLACK HILLS CORPCOM0921131093,53845,933SHSOLE23,784 0 22,149
BOYD GAMING CORPCOM1033041014,44967,629SHSOLE35,147 0 32,482
BRINKS COCOM1096961043,53051,912SHSOLE27,321 0 24,591
BRIXMOR PPTY GROUP INCCOM11120U10568226,420SHSOLE26,420 0 0
BRUNSWICK CORPCOM1170431094004,945SHSOLE4,945 0 0
BUCKLE INCCOM1184401061,91557,970SHSOLE30,578 0 27,392
BUNGE LIMITEDCOMG169621056886,210SHSOLE6,210 0 0
CACTUS INCCL A1272031071,40224,708SHSOLE12,838 0 11,870
CADENCE BANKCOM12740C1033,109106,264SHSOLE52,969 0 53,295
CALIFORNIA RES CORPCOM STOCK13057Q3052,45354,845SHSOLE28,510 0 26,335
CAMBRIDGE BANCORPCOM1321521093,35939,520SHSOLE29,371 0 10,149
CASTLE BIOSCIENCES INCCOM14843C1057,021156,502SHSOLE96,020 0 60,482
CENTURY CASINOS INCCOM1564921002,714227,125SHSOLE166,914 0 60,211
CHARLES RIV LABS INTL INCCOM1598641076472,280SHSOLE2,280 0 0
CHATHAM LODGING TRCOM16208T1026,177447,913SHSOLE261,926 0 185,987
CHEMOCENTRYX INCCOM16383L1061,14245,570SHSOLE33,490 0 12,080
CIVISTA BANCSHARES INCCOM NO PAR1788671071,70870,875SHSOLE52,084 0 18,791
COLLEGIUM PHARMACEUTICAL INCCOM19459J1041,63080,075SHSOLE58,769 0 21,306
CONNECTONE BANCORP INCCOM20786W1075,186162,011SHSOLE100,820 0 61,191
CRANE COCOM2243991055,20048,028SHSOLE27,273 0 20,755
CTS CORPCOM1265011051,70548,234SHSOLE35,444 0 12,790
CURTISS WRIGHT CORPCOM2315611012,15714,368SHSOLE7,495 0 6,873
DARLING INGREDIENTS INCCOM2372661011,00612,515SHSOLE12,515 0 0
DASEKE INCCOM23753F10799999,205SHSOLE72,905 0 26,300
DUCOMMUN INC DELCOM2641471093,44165,684SHSOLE48,211 0 17,473
EARTHSTONE ENERGY INCCL A27032D3045,576441,508SHSOLE263,382 0 178,126
EASTERN BANKSHARES INCCOM27627N1051,66977,505SHSOLE40,270 0 37,235
ELEMENT SOLUTIONS INCCOM28618M1063,538161,561SHSOLE81,681 0 79,880
ENCORE WIRE CORPCOM2925621051,44712,682SHSOLE6,608 0 6,074
ENERGY RECOVERY INCCOM29270J1001,87893,240SHSOLE68,434 0 24,806
ENPRO INDS INCCOM29355X1074,57746,832SHSOLE24,704 0 22,128
ENTEGRIS INCCOM29362U1042601,980SHSOLE1,980 0 0
ENTERPRISE BANCORP INC MASSCOM2936681093,38884,453SHSOLE62,067 0 22,386
ENTRAVISION COMMUNICATIONS CCL A29382R1072,833441,951SHSOLE324,789 0 117,162
ENVISTA HOLDINGS CORPORATIONCOM29415F1042,77056,866SHSOLE27,334 0 29,532
EVANS BANCORP INCCOM NEW29911Q2082,36562,238SHSOLE45,676 0 16,562
EVOLUS INCCOM30052C1072,881256,789SHSOLE188,680 0 68,109
EVOQUA WATER TECHNOLOGIES COCOM30057T1052,54454,148SHSOLE28,139 0 26,009
FIRST INTST BANCSYSTEM INCCOM CL A32055Y2011,71646,665SHSOLE18,420 0 28,245
FORMFACTOR INCCOM3463751082,27554,128SHSOLE28,348 0 25,780
FRANCHISE GROUP INCCOM35180X1053,22477,813SHSOLE52,002 0 25,811
GATES INDL CORP PLCORD SHSG391081083,015200,220SHSOLE104,859 0 95,361
GRAPHIC PACKAGING HLDG COCOM38868910156828,325SHSOLE28,325 0 0
GREEN PLAINS INCCOM3932221046,371205,456SHSOLE127,342 0 78,114
GUARANTY BANCSHARES INC TEXCOM4007641063,908111,667SHSOLE82,064 0 29,603
HANGER INCCOM NEW41043F2081,23967,584SHSOLE49,667 0 17,917
HANOVER INS GROUP INCCOM4108671056,58644,046SHSOLE24,021 0 20,025
HARLEY DAVIDSON INCCOM4128221084,084103,643SHSOLE53,846 0 49,797
HARVARD BIOSCIENCE INCCOM4169061053,063493,202SHSOLE365,321 0 127,881
HCI GROUP INCCOM40416E1033,13145,920SHSOLE28,964 0 16,956
HERITAGE COMM CORPCOM4269271093,682327,312SHSOLE240,545 0 86,767
HESKA CORPCOM RESTRC NEW42805E3061,54911,205SHSOLE8,235 0 2,970
HUNTSMAN CORPCOM4470111072,27460,633SHSOLE31,504 0 29,129
I3 VERTICALS INCCOM CL A46571Y1072,52690,685SHSOLE66,645 0 24,040
IDACORP INCCOM4511071062,50021,667SHSOLE11,260 0 10,407
IES HLDGS INCCOM44951W1061,83245,576SHSOLE33,450 0 12,126
INTERNATIONAL BANCSHARES CORCOM4590441032,32154,977SHSOLE28,568 0 26,409
IVERIC BIO INCCOM46583P1021,23273,196SHSOLE53,723 0 19,473
KFORCE INCCOM4937321011,20316,264SHSOLE11,949 0 4,315
KILROY RLTY CORPCOM49427F1082,31830,332SHSOLE15,775 0 14,557
KRATOS DEFENSE & SEC SOLUTIOCOM NEW50077B2073,759183,531SHSOLE95,366 0 88,165
LOUISIANA PAC CORPCOM5463471051,90730,700SHSOLE16,017 0 14,683
MANNKIND CORPCOM NEW56400P7061,547420,478SHSOLE308,613 0 111,865
MASTERCRAFT BOAT HLDGS INCCOM57637H1032,00081,263SHSOLE59,722 0 21,541
MERITAGE HOMES CORPCOM59001A1023,28241,423SHSOLE22,014 0 19,409
MODINE MFG COCOM6078281001,474163,615SHSOLE120,240 0 43,375
NATERA INCCOM6323071042,04850,350SHSOLE26,849 0 23,501
NATIONAL BK HLDGS CORPCL A63370710485421,210SHSOLE8,369 0 12,841
NETSTREIT CORPCOM64119V3034,222188,167SHSOLE101,869 0 86,298
NEXPOINT REAL ESTATE FIN INCCOM65342V1013,311146,496SHSOLE107,697 0 38,799
NEXPOINT RESIDENTIAL TR INCCOM65341D1022,65229,366SHSOLE11,586 0 17,780
NORTHEAST BK LEWISTON MECOM66405S1002,47272,482SHSOLE53,198 0 19,284
OFG BANCORPCOM67103X1028,940335,590SHSOLE210,566 0 125,024
OLD SECOND BANCORP INC ILLCOM6802771002,169149,500SHSOLE109,863 0 39,637
OPPENHEIMER HLDGS INCCL A NON VTG6837971042,68861,687SHSOLE45,330 0 16,357
ORTHOPEDIATRICS CORPCOM68752L1001,96636,412SHSOLE26,724 0 9,688
PDC ENERGY INCCOM69327R1012,20030,269SHSOLE15,673 0 14,596
PERFICIENT INCCOM71375U1011,88017,079SHSOLE6,745 0 10,334
PERION NETWORK LTDSHS NEWM786731142,910129,405SHSOLE94,983 0 34,422
PERSONALIS INCCOM71535D1062,031247,958SHSOLE182,225 0 65,733
PETCO HEALTH & WELLNESS CO ICOM71601V1053,676187,830SHSOLE97,525 0 90,305
PINNACLE FINL PARTNERS INCCOM72346Q1044124,470SHSOLE4,470 0 0
PLAYA HOTELS & RESORTS NVSHSN705441061,655191,300SHSOLE140,582 0 50,718
PLAYAGS INCCOM72814N1042,599389,727SHSOLE286,412 0 103,315
PLYMOUTH INDL REIT INCCOM7296401027,340270,865SHSOLE174,397 0 96,468
POPULAR INCCOM NEW7331747003,49842,796SHSOLE22,646 0 20,150
PRIMIS FINANCIAL CORPCOM74167B1092,611186,783SHSOLE137,095 0 49,688
PURE CYCLE CORPCOM NEW7462283031,503125,053SHSOLE91,785 0 33,268
PZENA INVT MGMT INCCLASS A74731Q1032,111263,210SHSOLE193,312 0 69,898
QCR HOLDINGS INCCOM74727A1041,74330,795SHSOLE22,630 0 8,165
QUANTERIX CORPCOM74766Q1013,509120,197SHSOLE71,411 0 48,786
R1 RCM INCCOM7493971051,91171,430SHSOLE37,155 0 34,275
RADA ELECTR INDS LTDCOM PAR NEWM818631246,445462,672SHSOLE300,270 0 162,402
RAMACO RES INCCOM75134P3032,875181,970SHSOLE133,731 0 48,239
RANGE RES CORPCOM75281A1093,460113,880SHSOLE59,165 0 54,715
RANGER OIL CORPORATIONCLASS A COM70788V1022,44170,680SHSOLE51,945 0 18,735
REX AMERICAN RES CORPCOM7616241053,67536,901SHSOLE22,382 0 14,519
RUMBLEON INCCOM CL B7813863052,38369,660SHSOLE51,194 0 18,466
RYMAN HOSPITALITY PPTYS INCCOM78377T1075,62060,584SHSOLE32,878 0 27,706
SCANSOURCE INCCOM8060371071,52943,955SHSOLE32,304 0 11,651
SEASPINE HLDGS CORPCOM81255T1081,516124,701SHSOLE92,217 0 32,484
SHORE BANCSHARES INCCOM8251071054,629226,043SHSOLE166,087 0 59,956
SOUTHERN FIRST BANCSHARESCOM8428731012,78754,811SHSOLE40,277 0 14,534
SOUTHSTATE CORPORATIONCOM8404411092,81334,473SHSOLE13,602 0 20,871
STAG INDL INCCOM85254J1023,56686,239SHSOLE45,168 0 41,071
STERLING CONSTR INCCOM8592411016,501242,583SHSOLE147,785 0 94,798
STIFEL FINL CORPCOM8606301021,09416,116SHSOLE8,371 0 7,745
STOCK YDS BANCORP INCCOM8610251045,27299,660SHSOLE63,018 0 36,642
STONERIDGE INCCOM86183P1022,761132,993SHSOLE97,734 0 35,259
SUMMIT MATLS INCCL A86614U1004,256137,027SHSOLE71,518 0 65,509
SWITCH INCCL A87105L1042,46780,041SHSOLE41,630 0 38,411
TALOS ENERGY INCCOM87484T1084,835306,190SHSOLE198,185 0 108,005
TECNOGLASS INCSHSG872641007,010277,721SHSOLE171,032 0 106,689
TENET HEALTHCARE CORPCOM NEW88033G4075606,509SHSOLE6,509 0 0
TETRA TECHNOLOGIES INC DELCOM88162F1052,012489,540SHSOLE359,750 0 129,790
TEXTAINER GROUP HOLDINGS LTDSHSG8766E1093,41889,771SHSOLE65,972 0 23,799
TIMKENSTEEL CORPORATIONCOM8873991032,201100,611SHSOLE73,934 0 26,677
U S SILICA HLDGS INCCOM90346E1033,161169,375SHSOLE124,475 0 44,900
ULTRA CLEAN HLDGS INCCOM90385V1075,667133,696SHSOLE78,578 0 55,118
ULTRALIFE CORPCOM9038991022,206410,871SHSOLE301,562 0 109,309
UMH PPTYS INCCOM9030021034,126167,804SHSOLE90,446 0 77,358
UNITED STS LIME & MINERALS ICOM9119221022,29119,739SHSOLE14,486 0 5,253
UNITIL CORPCOM9132591074,50090,212SHSOLE46,951 0 43,261
UNIVERSAL TECHNICAL INST INCCOM9139151042,318261,899SHSOLE192,470 0 69,429
UNIVEST FINANCIAL CORPORATIOCOM9152711003,828143,039SHSOLE104,990 0 38,049
UPLAND SOFTWARE INCCOM91544A1094,980282,782SHSOLE160,744 0 122,038
VANDA PHARMACEUTICALS INCCOM92165910845239,973SHSOLE29,340 0 10,633
VIA OPTRONICS AGSPONSORED ADS91823Y1091,709213,663SHSOLE159,548 0 54,115
VILLAGE FARMS INTL INCCOM92707Y1082,232422,709SHSOLE257,355 0 165,354
WALKER & DUNLOP INCCOM93148P1023,25525,154SHSOLE13,264 0 11,890
WINTRUST FINL CORPCOM97650W1084,69850,552SHSOLE25,895 0 24,657
WNS HLDGS LTDSPON ADR92932M1015,22161,074SHSOLE33,270 0 27,804
XENIA HOTELS & RESORTS INCCOM9840171036,325327,883SHSOLE176,772 0 151,111