Perritt Micro Cap Opportunities | |||||||
Schedule of Investments (Unaudited) | July 31, 2022 | ||||||
Shares | COMMON STOCKS - 97.45% | Value | |||||
Air Freight & Logistics - 4.72% | |||||||
373,000 | Radiant Logistics, Inc. (a) | $ | 2,704,250 | ||||
2,704,250 | |||||||
Auto Components - 1.45% | |||||||
40,000 | Motorcar Parts of America, Inc. (a) | 602,800 | |||||
7,792 | Strattec Security Corp. (a) | 231,423 | |||||
834,223 | |||||||
Banks - 1.55% | |||||||
25,000 | First Internet Bancorp | 886,250 | |||||
886,250 | |||||||
Building Products - 1.11% | |||||||
29,000 | PGT Innovations, Inc. (a) | 635,100 | |||||
635,100 | |||||||
Capital Markets - 9.85% | |||||||
223,588 | Heritage Global, Inc. (a) | 373,392 | |||||
200,500 | Silvercrest Asset Management Group, Inc. - Class A | 3,568,900 | |||||
406,600 | U.S. Global Investors, Inc. - Class A | 1,703,654 | |||||
5,645,946 | |||||||
Chemicals - 4.89% | |||||||
155,520 | Flexible Solutions International, Inc. - ADR (a)(b) | 363,139 | |||||
218,829 | Northern Technologies International Corp. | 2,439,943 | |||||
2,803,082 | |||||||
Commercial Services & Supplies - 2.67% | |||||||
30,000 | CECO Environmental Corp. (a) | 232,500 | |||||
127,000 | Perma-Fix Environmental Services, Inc. (a) | 669,290 | |||||
150,000 | Quest Resource Holding Corp. (a) | 630,000 | |||||
1,531,790 | |||||||
Communications Equipment - 3.60% | |||||||
5,000 | Aviat Networks, Inc. (a) | 146,900 | |||||
113,179 | Ceragon Networks, Ltd. - ADR (a)(b) | 294,265 | |||||
34,000 | Digi International, Inc. (a) | 968,660 | |||||
142,000 | PC-Tel, Inc. | 654,620 | |||||
2,064,445 | |||||||
Construction & Engineering - 3.07% | |||||||
45,703 | Bowman Consulting Group Ltd. (a) | 627,502 | |||||
10,288 | IES Holdings, Inc. (a) | 339,504 | |||||
25,223 | Northwest Pipe Co. (a) | 790,741 | |||||
1,757,747 | |||||||
Diversified Consumer Services - 2.47% | |||||||
90,000 | Lincoln Educational Services Corp. (a) | 651,600 | |||||
95,000 | Universal Technical Institute, Inc. (a) | 763,800 | |||||
1,415,400 | |||||||
Diversified Financial Services - 1.96% | |||||||
32,000 | A-Mark Precious Metals, Inc. | 969,600 | |||||
8,697 | SWK Holdings Corp. (a) | 157,155 | |||||
1,126,755 | |||||||
Diversified Telecommunication Services - 0.52% | |||||||
25,000 | Ooma, Inc. (a) | 298,250 | |||||
298,250 | |||||||
Electrical Equipment - 0.79% | |||||||
75,000 | LSI Industries, Inc. | 453,750 | |||||
453,750 | |||||||
Electronic Equipment, Instruments & Components - 3.07% | |||||||
27,100 | Bel Fuse, Inc. - Class B | 670,183 | |||||
73,523 | Coda Octopus Group, Inc. (a) | 364,674 | |||||
33,000 | Identiv, Inc. (a) | 446,820 | |||||
100,300 | Powerfleet, Inc. (a) | 275,825 | |||||
1,757,502 | |||||||
Energy Equipment & Services - 1.32% | |||||||
300,000 | CSI Compressco LP | 387,000 | |||||
317,495 | Profire Energy, Inc. (a) | 371,469 | |||||
758,469 | |||||||
Entertainment - 1.12% | |||||||
352,605 | WildBrain Ltd. - ADR (a)(b) | 644,245 | |||||
644,245 | |||||||
Food Products - 0.49% | |||||||
200,000 | MamaMancini's Holdings, Inc. (a) | 284,000 | |||||
284,000 | |||||||
Health Care Providers & Services - 2.18% | |||||||
3,000 | Addus HomeCare Corp. (a) | 278,430 | |||||
45,000 | InfuSystem Holdings, Inc. (a) | 439,650 | |||||
99,000 | Quipt Home Medical Corp. - ADR (a)(b) | 533,610 | |||||
1,251,690 | |||||||
Health Care Technology - 0.55% | |||||||
85,000 | iCAD, Inc. (a) | 317,050 | |||||
317,050 | |||||||
Hotels, Restaurants & Leisure - 1.82% | |||||||
84,000 | Century Casinos, Inc. (a) | 708,120 | |||||
90,000 | Galaxy Gaming, Inc. (a) | 333,000 | |||||
1,041,120 | |||||||
Household Durables - 5.08% | |||||||
25,000 | Green Brick Partners, Inc. (a) | 670,000 | |||||
91,500 | Legacy Housing Corp. (a) | 1,242,570 | |||||
58,049 | Singing Machine Co., Inc. (a) | 442,333 | |||||
59,062 | VOXX International Corp. (a) | 558,727 | |||||
2,913,630 | |||||||
Interactive Media & Services - 0.89% | |||||||
103,800 | DHI Group, Inc. (a) | 507,582 | |||||
507,582 | |||||||
Internet & Direct Marketing Retail - 0.31% | |||||||
150,000 | Polished.com, Inc. (a) | 177,000 | |||||
177,000 | |||||||
IT Services - 3.51% | |||||||
80,000 | Information Services Group, Inc. | 596,800 | |||||
50,000 | PFSweb, Inc. (a) | 545,500 | |||||
314,400 | Research Solutions, Inc. (a) | 580,068 | |||||
132,077 | Usio, Inc. (a) | 287,928 | |||||
2,010,296 | |||||||
Machinery - 6.37% | |||||||
65,000 | Commercial Vehicle Group, Inc. (a) | 500,500 | |||||
44,721 | Gencor Industries, Inc. (a) | 443,185 | |||||
35,000 | Mayville Engineering Co, Inc. (a) | 249,900 | |||||
43,800 | Miller Industries, Inc. | 1,052,514 | |||||
40,000 | The Shyft Group, Inc. | 1,037,600 | |||||
245,400 | TechPrecision Corp. (a) | 368,100 | |||||
3,651,799 | |||||||
Marine - 1.08% | |||||||
25,000 | Euroseas Ltd. - ADR (b) | 617,500 | |||||
617,500 | |||||||
Metals & Mining - 3.03% | |||||||
88,104 | Ampco-Pittsburgh Corp. (a) | 387,658 | |||||
65,000 | Fortitude Gold Corp. | 393,250 | |||||
322,500 | Gold Resource Corp. | 567,600 | |||||
100,000 | McEwen Mining, Inc. (a) | 389,000 | |||||
1,737,508 | |||||||
Mortgage Real Estate Investment Trusts - 1.49% | |||||||
60,000 | Chicago Atlantic Real Estate Finance, Inc. | 853,200 | |||||
853,200 | |||||||
Oil & Gas & Consumable Fuels - 2.03% | |||||||
172,367 | Evolution Petroleum Corp. | 1,163,477 | |||||
1,163,477 | |||||||
Pharmaceuticals - 4.23% | |||||||
280,000 | Assertio Holdings, Inc. (a) | 1,092,000 | |||||
40,000 | Harrow Health, Inc. (a) | 268,800 | |||||
7,078 | Journey Medical Corp. (a) | 26,401 | |||||
30,500 | Opiant Pharmaceuticals, Inc. (a) | 313,235 | |||||
70,000 | ProPhase Labs, Inc. | 723,800 | |||||
2,424,236 | |||||||
Professional Services - 8.85% | |||||||
39,500 | BGSF, Inc. | 513,895 | |||||
5,000 | CRA International, Inc. | 495,050 | |||||
160,800 | DLH Holdings Corp. (a) | 2,854,200 | |||||
40,000 | Hudson Global, Inc. (a) | 1,127,600 | |||||
8,000 | Where Food Comes From, Inc. (a) | 84,160 | |||||
5,074,905 | |||||||
Semiconductors & Semiconductor Equipment - 2.58% | |||||||
60,000 | AXT, Inc. (a) | 526,200 | |||||
40,000 | Photronics, Inc. (a) | 952,400 | |||||
1,478,600 | |||||||
Software - 2.71% | |||||||
21,720 | American Software, Inc. - Class A | 388,353 | |||||
90,000 | Asure Software, Inc. (a) | 513,000 | |||||
30,000 | eGain Corp. (a) | 265,800 | |||||
98,000 | Immersion Corp. (a) | 389,060 | |||||
1,556,213 | |||||||
Specialty Retail - 0.59% | |||||||
20,000 | GrowGeneration Corp. (a) | 97,000 | |||||
210,000 | Xcel Brands, Inc. (a) | 239,400 | |||||
336,400 | |||||||
Technology Hardware, Storage & Peripherals - 1.87% | |||||||
80,000 | Immersion Corp. (a) | 452,000 | |||||
39,000 | TransAct Technologies, Inc. (a) | 175,500 | |||||
34,000 | Turtle Beach Corp. (a) | 442,000 | |||||
1,069,500 | |||||||
Textile, Apparel & Luxury Goods - 1.56% | |||||||
14,000 | Delta Apparel, Inc. (a) | 327,460 | |||||
10,000 | Lakeland Industries, Inc. (a) | 160,400 | |||||
22,000 | Superior Group of Cos., Inc. | 406,120 | |||||
893,980 | |||||||
Trading Companies & Distributors - 1.19% | |||||||
8,500 | BlueLinx Holdings, Inc. (a) | 680,000 | |||||
680,000 | |||||||
Water Utilities - 0.88% | |||||||
48,000 | Pure Cycle Corp. (a) | 506,880 | |||||
506,880 | |||||||
TOTAL COMMON STOCKS (Cost $38,093,586) | $ | 55,863,770 | |||||
Contracts | WARRANTS - 0.00% (g) | ||||||
Household Durables - 0.00% | |||||||
33,333 | Singing Machine Co., Inc. | ||||||
Expiration: 08/06/2026, Exercise Price $10.50 (a)(d)(e)(f) | $ | 0 | |||||
TOTAL WARRANTS (Cost $0) | $ | 0 | |||||
Shares | SHORT-TERM INVESTMENTS - 2.83% | ||||||
Money Market Funds - 2.83% | |||||||
1,622,671 | First American Government Obligations Fund, Class X, 1.44% (c) | $ | 1,622,671 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,622,671) | $ | 1,622,671 | |||||
Total Investments (Cost $39,716,257) - 100.28% | $ | 57,486,441 | |||||
Liabilities in Excess of Other Assets - (0.28)% | (157,924 | ) | |||||
TOTAL NET ASSETS - 100.00% | $ | 57,328,517 |
Percentages are stated as a percent of net assets. | |||
ADR | American Depository Receipt | ||
(a) | Non-income producing security. | ||
(b) | Foreign issued security. | ||
(c) | The rate shown is the seven-day yield as of July 31, 2022. | ||
(d) | This security is deemed to be illiquid. This security represents $0 of value or 0.00% of net assets. | ||
(e) | Security was purchased in a transaction exempt from registration in the U.S. under the Securities Act of 1933 (the “Act”) and, unless registered under the Act, may only be sold pursuant to exemption from registration and, in the case of a Rule 144A offering under the Act, may only be sold to “qualified institutional buyers.” The value of this security is $0 or 0.00% of the Fund’s net assets. This security is deemed to be liquid. | ||
(f) | The prices for these securities were derived from estimates of fair value using methods approved by the Fund's Board of Directors. These securities represent $0 of value or 0.00% of net assets. | ||
(g) | Less than 0.1%. |