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:
12-31-2022
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:
028-15158

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]
02-02-2023
                           [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:
133
Form 13F Information table Value Total:
338598680
          (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
ADDUS HOMECARE CORPCOM0067391063,570,69635,890SHSOLE25,297 0 10,593
ADTRAN HOLDINGS INCCOM00486H1054,436,582236,114SHSOLE159,240 0 76,874
AEROJET ROCKETDYNE HLDGS INCCOM0078001051,445,56725,846SHSOLE15,411 0 10,435
AGIOS PHARMACEUTICALS INCCOM00847X1041,635,54858,246SHSOLE42,911 0 15,335
AGREE RLTY CORPCOM008492100686,6029,680SHSOLE9,680 0 0
AMERESCO INCCL A02361E1082,431,93642,561SHSOLE26,801 0 15,760
AMERICAN EAGLE OUTFITTERS INCOM02553E1061,970,384141,145SHSOLE84,450 0 56,695
AMERICAN NATL BANKSHARES INCCOM0277451082,823,26276,449SHSOLE56,688 0 19,761
AMERICAN VANGUARD CORPCOM0303711082,803,130129,117SHSOLE94,944 0 34,173
ARCUS BIOSCIENCES INCCOM03969F1091,216,95658,847SHSOLE43,352 0 15,495
ARES COML REAL ESTATE CORPCOM04013V1082,434,614236,600SHSOLE175,198 0 61,402
ATLAS TECHNICAL CONSULTANTSCOM CLS A0494301011,373,253266,651SHSOLE198,053 0 68,598
ATN INTL INCCOM00215F1072,000,79944,158SHSOLE32,639 0 11,519
BANDWIDTH INCCOM CL A05988J1032,496,593108,784SHSOLE72,724 0 36,060
BAR HBR BANKSHARESCOM0668491001,050,59232,790SHSOLE24,225 0 8,565
BARRETT BUSINESS SVCS INCCOM0684631082,233,86923,948SHSOLE18,092 0 5,856
BATH & BODY WORKS INCCOM0708301042,513,06159,636SHSOLE35,686 0 23,950
BELDEN INCCOM0774541063,036,26542,229SHSOLE25,759 0 16,470
BERRY CORPCOM08579X1011,787,664223,458SHSOLE165,823 0 57,635
BIOLIFE SOLUTIONS INCCOM NEW09062W2042,471,323135,787SHSOLE100,491 0 35,296
BLACK HILLS CORPCOM0921131092,512,61535,721SHSOLE21,355 0 14,366
BOOT BARN HLDGS INCCOM0994061001,988,07331,799SHSOLE19,062 0 12,737
BRINKS COCOM1096961041,824,79733,975SHSOLE21,087 0 12,888
BRUNSWICK CORPCOM1170431092,998,67241,602SHSOLE24,897 0 16,705
CAMBRIDGE BANCORPCOM1321521092,087,63025,134SHSOLE18,640 0 6,494
CAPRI HOLDINGS LIMITEDSHSG1890L1071,843,01032,153SHSOLE18,727 0 13,426
CARETRUST REIT INCCOM14174T1074,879,963262,646SHSOLE177,941 0 84,705
CASTLE BIOSCIENCES INCCOM14843C1054,006,390170,195SHSOLE117,238 0 52,957
CELLDEX THERAPEUTICS INC NEWCOM NEW15117B2022,026,99945,479SHSOLE33,614 0 11,865
CENTURY CASINOS INCCOM1564921001,595,332226,932SHSOLE168,576 0 58,356
CHARLES RIV LABS INTL INCCOM159864107396,5781,820SHSOLE1,820 0 0
CHATHAM LODGING TRCOM16208T1022,087,937170,166SHSOLE113,220 0 56,946
CHEFS WHSE INCCOM1630861014,572,605137,398SHSOLE88,161 0 49,237
COLLEGIUM PHARMACEUTICAL INCCOM19459J1044,155,793179,129SHSOLE132,661 0 46,468
CONNECTONE BANCORP INCCOM20786W1074,213,944174,058SHSOLE116,158 0 57,900
CRINETICS PHARMACEUTICALS INCOM22663K1072,360,224128,974SHSOLE83,733 0 45,241
CROCS INCCOM227046109835,1287,702SHSOLE4,616 0 3,086
DECKERS OUTDOOR CORPCOM243537107520,9041,305SHSOLE1,305 0 0
DESTINATION XL GROUP INCCOM25065K1041,493,080221,197SHSOLE163,507 0 57,690
DUCOMMUN INC DELCOM2641471093,585,08071,759SHSOLE53,136 0 18,623
DYNAVAX TECHNOLOGIES CORPCOM NEW2681582011,296,793121,879SHSOLE90,092 0 31,787
EARTHSTONE ENERGY INCCL A27032D3042,190,011153,901SHSOLE92,040 0 61,861
ENERGY RECOVERY INCCOM29270J1001,774,35286,596SHSOLE64,325 0 22,271
ENPRO INDS INCCOM29355X1071,392,10212,808SHSOLE8,206 0 4,602
ENTERPRISE BANCORP INC MASSCOM2936681092,122,06060,115SHSOLE44,611 0 15,504
ENTRAVISION COMMUNICATIONS CCL A29382R1072,506,138522,112SHSOLE386,635 0 135,477
EVANS BANCORP INCCOM NEW29911Q2082,043,40154,651SHSOLE40,559 0 14,092
EVOQUA WATER TECHNOLOGIES COCOM30057T1051,545,39039,025SHSOLE23,359 0 15,666
FIRST INTST BANCSYSTEM INCCOM CL A32055Y2011,401,52636,262SHSOLE21,722 0 14,540
FIRST MERCHANTS CORPCOM3208171092,037,78249,569SHSOLE28,639 0 20,930
FIVE9 INCCOM3383071011,726,49425,442SHSOLE15,276 0 10,166
FOOT LOCKER INCCOM3448491041,546,74540,930SHSOLE24,410 0 16,520
GRAPHIC PACKAGING HLDG COCOM3886891011,466,03065,889SHSOLE39,425 0 26,464
GREEN BRICK PARTNERS INCCOM3927091012,663,071109,908SHSOLE81,243 0 28,665
GREEN PLAINS INCCOM3932221044,148,763136,025SHSOLE92,771 0 43,254
GUARANTY BANCSHARES INC TEXCOM4007641063,386,58097,765SHSOLE72,402 0 25,363
GXO LOGISTICS INCORPORATEDCOMMON STOCK36262G1012,139,40950,115SHSOLE29,985 0 20,130
HANCOCK WHITNEY CORPORATIONCOM4101201091,863,40238,508SHSOLE17,518 0 20,990
HARVARD BIOSCIENCE INCCOM4169061051,700,328613,837SHSOLE452,223 0 161,614
HERITAGE COMM CORPCOM4269271095,285,618406,586SHSOLE271,294 0 135,292
HESKA CORPCOM RESTRC NEW42805E3061,609,13625,887SHSOLE19,070 0 6,817
HUDSON TECHNOLOGIES INCCOM4441441094,370,342431,852SHSOLE300,065 0 131,787
HURON CONSULTING GROUP INCCOM4474621024,332,62359,678SHSOLE38,760 0 20,918
I3 VERTICALS INCCOM CL A46571Y1072,606,108107,071SHSOLE79,146 0 27,925
IDACORP INCCOM4511071062,403,22222,283SHSOLE13,338 0 8,945
INDEPENDENCE RLTY TR INCCOM45378A1062,582,699153,185SHSOLE91,675 0 61,510
INNOVIVA INCCOM45781M1013,731,134281,595SHSOLE191,790 0 89,805
IRONWOOD PHARMACEUTICALS INCCOM CL A46333X1083,426,814276,579SHSOLE176,019 0 100,560
IVERIC BIO INCCOM46583P1023,997,375186,706SHSOLE119,441 0 67,265
KRYSTAL BIOTECH INCCOM5011471024,270,35453,905SHSOLE36,385 0 17,520
LAKELAND BANCORP INCCOM5116371003,849,194218,580SHSOLE149,972 0 68,608
LEONARDO DRS INCCOM52661A1086,921,495541,588SHSOLE362,016 0 179,572
LIGAND PHARMACEUTICALS INCCOM NEW53220K5044,163,44462,327SHSOLE41,633 0 20,694
LINDBLAD EXPEDITIONS HLDGS ICOM5352191092,079,755270,098SHSOLE161,731 0 108,367
LOUISIANA PAC CORPCOM5463471052,403,28340,596SHSOLE24,327 0 16,269
MAMMOTH ENERGY SVCS INCCOM56155L1081,695,089195,964SHSOLE144,850 0 51,114
MASTERCRAFT BOAT HLDGS INCCOM57637H1032,951,353114,084SHSOLE84,298 0 29,786
MERITAGE HOMES CORPCOM59001A1022,473,91026,832SHSOLE16,500 0 10,332
MID-AMER APT CMNTYS INCCOM59522J103583,2183,715SHSOLE3,715 0 0
MODINE MFG COCOM6078281006,571,535330,893SHSOLE221,900 0 108,993
NETSTREIT CORPCOM64119V3034,626,199252,384SHSOLE164,581 0 87,803
NEXPOINT REAL ESTATE FIN INCCOM65342V1012,344,856147,568SHSOLE108,769 0 38,799
NORTHEAST BK LEWISTON MECOM66405S1002,486,21659,055SHSOLE43,505 0 15,550
NOVA LTDCOMM7516K1031,454,14917,803SHSOLE13,158 0 4,645
O-I GLASS INCCOM67098H1041,989,328120,056SHSOLE71,929 0 48,127
OFG BANCORPCOM67103X1021,134,50741,165SHSOLE18,727 0 22,438
OLD SECOND BANCORP INC ILLCOM6802771003,733,679232,773SHSOLE172,306 0 60,467
OMNIAB INCCOM68218J1031,134,694315,193SHSOLE232,894 0 82,299
OPPENHEIMER HLDGS INCCL A NON VTG6837971042,990,44570,646SHSOLE52,044 0 18,602
ORGANOGENESIS HLDGS INCCOM68621F102816,902303,681SHSOLE223,731 0 79,950
ORTHOPEDIATRICS CORPCOM68752L1001,834,41446,172SHSOLE34,014 0 12,158
OXFORD INDS INCCOM6914973094,489,41248,180SHSOLE31,655 0 16,525
PDC ENERGY INCCOM69327R1011,051,61016,566SHSOLE7,539 0 9,027
PERION NETWORK LTDSHS NEWM786731142,097,75082,915SHSOLE61,083 0 21,832
PERSONALIS INCCOM71535D106636,384321,406SHSOLE236,789 0 84,617
PLAYA HOTELS & RESORTS NVSHSN705441062,492,005381,624SHSOLE264,111 0 117,513
PLYMOUTH INDL REIT INCCOM7296401022,987,707155,772SHSOLE115,300 0 40,472
PMV PHARMACEUTICALS INCCOM69353Y1032,292,006263,449SHSOLE179,595 0 83,854
PRIMIS FINANCIAL CORPCOM74167B1092,229,542188,147SHSOLE138,459 0 49,688
PROTHENA CORP PLCSHSG728001082,147,61135,645SHSOLE26,795 0 8,850
PURE CYCLE CORPCOM NEW7462283031,962,202187,233SHSOLE137,940 0 49,293
PVH CORPORATIONCOM6936561001,975,88527,991SHSOLE16,737 0 11,254
QCR HOLDINGS INCCOM74727A1042,437,87049,111SHSOLE31,076 0 18,035
REGENXBIO INCCOM75901B1071,634,41272,064SHSOLE53,269 0 18,795
RELAY THERAPEUTICS INCCOM75943R1021,271,97785,139SHSOLE62,934 0 22,205
REX AMERICAN RES CORPCOM7616241053,529,323110,776SHSOLE73,209 0 37,567
ROCKET PHARMACEUTICALS INCCOM77313F1062,226,831113,788SHSOLE77,293 0 36,495
SCANSOURCE INCCOM8060371071,668,46257,100SHSOLE42,064 0 15,036
SEASPINE HLDGS CORPCOM81255T1082,015,498241,377SHSOLE177,823 0 63,554
SHORE BANCSHARES INCCOM8251071053,222,058184,857SHSOLE136,871 0 47,986
SM ENERGY COCOM78454L1001,593,36845,747SHSOLE29,477 0 16,270
SOUTHSTATE CORPORATIONCOM8404411092,024,83826,517SHSOLE14,397 0 12,120
SOUTHERN FIRST BANCSHARESCOM8428731012,503,12054,713SHSOLE39,604 0 15,109
STIFEL FINL CORPCOM8606301022,801,06047,988SHSOLE31,623 0 16,365
STOCK YDS BANCORP INCCOM8610251043,382,01452,047SHSOLE34,887 0 17,160
STONERIDGE INCCOM86183P1022,871,749133,198SHSOLE98,704 0 34,494
SUNOPTA INCCOM8676EP1084,229,875501,170SHSOLE346,435 0 154,735
TECNOGLASS INCORD SHSG872641005,685,588184,777SHSOLE125,719 0 59,058
TETRA TECHNOLOGIES INC DELCOM88162F1052,118,596612,311SHSOLE453,313 0 158,998
TIMKENSTEEL CORPORATIONCOM8873991034,362,817240,111SHSOLE162,355 0 77,756
TRINET GROUP INCCOM8962881071,827,00726,947SHSOLE16,109 0 10,838
ULTRA CLEAN HLDGS INCCOM90385V1074,806,651144,997SHSOLE95,699 0 49,298
UNITED FIRE GROUP INCCOM9103401083,125,579114,239SHSOLE84,544 0 29,695
UNITIL CORPCOM9132591074,419,47786,049SHSOLE57,171 0 28,878
UNIVERSAL TECHNICAL INST INCCOM9139151042,399,107357,010SHSOLE263,895 0 93,115
UNIVEST FINANCIAL CORPORATIOCOM9152711003,513,335134,456SHSOLE99,552 0 34,904
UPLAND SOFTWARE INCCOM91544A1091,287,871180,627SHSOLE133,084 0 47,543
U S SILICA HLDGS INCCOM90346E1033,802,738304,219SHSOLE202,641 0 101,578
VALLEY NATL BANCORPCOM9197941072,401,531212,337SHSOLE122,989 0 89,348
VERRA MOBILITY CORPCL A COM STK92511U1021,348,63297,515SHSOLE58,385 0 39,130
VERTEX INCCL A92538J1061,382,10795,252SHSOLE70,410 0 24,842
WINTRUST FINL CORPCOM97650W1082,485,56429,408SHSOLE17,583 0 11,825
WNS HLDGS LTDSPON ADR92932M1011,650,59420,635SHSOLE13,286 0 7,349