Perritt Micro Cap Opportunities | |||||||
Schedule of Investments (Unaudited) | January 31, 2023 | ||||||
Shares | COMMON STOCKS - 98.98% | Value | |||||
Air Freight & Logistics - 3.62% | |||||||
373,000 | Radiant Logistics, Inc. (a) | $ | 2,092,530 | ||||
2,092,530 | |||||||
Auto Components - 1.35% | |||||||
40,000 | Motorcar Parts of America, Inc. (a) | 582,400 | |||||
7,894 | Strattec Security Corp. (a) | 196,639 | |||||
779,039 | |||||||
Banks - 1.14% | |||||||
25,000 | First Internet Bancorp | 657,250 | |||||
657,250 | |||||||
Capital Markets - 9.40% | |||||||
289,999 | Heritage Global, Inc. (a) | 765,597 | |||||
180,000 | Silvercrest Asset Management Group, Inc. - Class A | 3,402,000 | |||||
406,600 | U.S. Global Investors, Inc. - Class A | 1,272,658 | |||||
5,440,255 | |||||||
Chemicals - 5.79% | |||||||
155,520 | Flexible Solutions International, Inc. - ADR(a)(b) | 496,109 | |||||
218,829 | Northern Technologies International Corp. | 2,855,719 | |||||
3,351,828 | |||||||
Commercial Services & Supplies - 3.545 | |||||||
20,000 | CECO Environmental Corp. (a) | 287,800 | |||||
207,000 | Perma-Fix Environmental Services, Inc. (a) | 859,050 | |||||
131,589 | Quest Resource Holding Corp. (a) | 907,964 | |||||
2,054,814 | |||||||
Communications Equipment - 2.91% | |||||||
13,000 | Aviat Networks, Inc. (a) | 420,550 | |||||
200,000 | Ceragon Networks, Ltd. - ADR(a)(b) | 416,000 | |||||
182,612 | PC-Tel, Inc. | 845,494 | |||||
1,682,044 | |||||||
Construction & Engineering - 4.57% | |||||||
45,703 | Bowman Consulting Group Ltd. (a) | 1,164,970 | |||||
10,288 | IES Holdings, Inc. (a) | 409,565 | |||||
15,900 | Matrix Service Co. (a) | 128,313 | |||||
25,223 | Northwest Pipe Co. (a) | 943,340 | |||||
2,646,188 | |||||||
Consumer Finance - 0.79% | |||||||
50,000 | EZCORP, Inc. - Class A (a) | 455,500 | |||||
455,500 | |||||||
Diversified Consumer Services - 1.87% | |||||||
75,000 | Lincoln Educational Services Corp. (a) | 476,250 | |||||
80,000 | Universal Technical Institute, Inc. (a) | 606,400 | |||||
1,082,650 | |||||||
Diversified Financial Services - 2.78% | |||||||
32,000 | A-Mark Precious Metals, Inc. | 1,232,000 | |||||
20,000 | SWK Holdings Corp. (a) | 377,200 | |||||
1,609,200 | |||||||
Diversified Telecommunication Services - 0.62% | |||||||
25,000 | Ooma, Inc. (a) | 359,250 | |||||
359,250 | |||||||
Electrical Equipment - 1.19% | |||||||
50,000 | LSI Industries, Inc. | 686,500 | |||||
686,500 | |||||||
Electronic Equipment, Instruments & Components - 4.29% | |||||||
27,630 | Bel Fuse, Inc. - Class B | 1,089,727 | |||||
69,474 | Coda Octopus Group, Inc. (a) | 501,602 | |||||
33,000 | Identiv, Inc. (a) | 287,760 | |||||
210,605 | Powerfleet, Inc. (a) | 602,330 | |||||
2,481,419 | |||||||
Energy Equipment & Services - 2.51% | |||||||
325,000 | CSI Compressco LP | 455,000 | |||||
40,000 | Geospace Technologies Corp. (a) | 190,400 | |||||
120,000 | Newpark Resources, Inc. (a) | 544,800 | |||||
229,495 | Profire Energy, Inc. (a) | 259,329 | |||||
1,449,529 | |||||||
Entertainment - 1.56% | |||||||
20,381 | Chicken Soup For The Soul Entertainment, Inc. (a) | 126,770 | |||||
363,500 | WildBrain Ltd. - ADR(a)(b) | 774,255 | |||||
901,025 | |||||||
Food Products - 1.21% | |||||||
350,000 | MamaMancini's Holdings, Inc. (a) | 698,250 | |||||
698,250 | |||||||
Health Care Providers & Services - 2.70% | |||||||
13,793 | InfuSystem Holdings, Inc. (a) | 138,206 | |||||
133,802 | Quipt Home Medical Corp. - ADR(a)(b) | 776,052 | |||||
76,070 | Viemed Healthcare, Inc. - ADR(a)(b) | 645,834 | |||||
1,560,092 | |||||||
Health Care Technology - 0.95% | |||||||
238,857 | iCAD, Inc. (a) | 546,982 | |||||
546,982 | |||||||
Hotels, Restaurants & Leisure - 1.74% | |||||||
84,000 | Century Casinos, Inc. (a) | 740,880 | |||||
90,000 | Galaxy Gaming, Inc. (a) | 265,050 | |||||
1,005,930 | |||||||
Household Durables - 5.26% | |||||||
6,271 | Flexsteel Industries, Inc. | 120,780 | |||||
91,500 | Legacy Housing Corp. (a) | 1,831,830 | |||||
82,284 | Singing Machine Co., Inc. (a) | 365,343 | |||||
20,000 | The Lovesac Co. (a) | 514,800 | |||||
20,062 | VOXX International Corp. (a) | 211,554 | |||||
3,044,307 | |||||||
Interactive Media & Services - 1.07% | |||||||
103,800 | DHI Group, Inc. (a) | 616,572 | |||||
616,572 | |||||||
Internet & Direct Marketing Retail - 0.52% | |||||||
400,000 | Polished.com, Inc. (a) | 302,000 | |||||
302,000 | |||||||
IT Services - 2.66% | |||||||
96,117 | Information Services Group, Inc. | 503,653 | |||||
270,000 | Research Solutions, Inc. (a) | 599,400 | |||||
225,000 | Usio, Inc. (a) | 438,750 | |||||
1,541,803 | |||||||
Machinery - 8.65% | |||||||
53,557 | Commercial Vehicle Group, Inc. (a) | 448,808 | |||||
41,000 | Gencor Industries, Inc. (a) | 436,240 | |||||
17,512 | LB Foster Co. - Class A (a) | 207,167 | |||||
48,000 | Mayville Engineering Co, Inc. (a) | 768,000 | |||||
40,000 | Miller Industries, Inc. | 1,160,400 | |||||
39,000 | Shyft Group, Inc. | 1,298,310 | |||||
272,000 | TechPrecision Corp. (a) | 682,720 | |||||
5,001,645 | |||||||
Marine - 0.85% | |||||||
25,000 | Euroseas Ltd. - ADR (b) | 493,750 | |||||
493,750 | |||||||
Metals & Mining - 2.86% | |||||||
72,404 | Ampco-Pittsburgh Corp. (a) | 237,485 | |||||
65,000 | Fortitude Gold Corp. | 416,000 | |||||
236,069 | Gold Resource Corp. | 408,399 | |||||
88,000 | McEwen Mining, Inc. (a) | 590,480 | |||||
1,652,364 | |||||||
Mortgage Real Estate Investment Trusts - 1.55% | |||||||
57,997 | Chicago Atlantic Real Estate Finance, Inc. | 896,054 | |||||
896,054 | |||||||
Oil & Gas & Consumable Fuels - 3.16% | |||||||
172,367 | Evolution Petroleum Corp. | 1,075,570 | |||||
60,000 | PHX Minerals, Inc. | 216,600 | |||||
115,000 | Vaalco Energy, Inc. | 534,750 | |||||
1,826,920 | |||||||
Pharmaceuticals - 2.87% | |||||||
315,000 | Assertio Holdings, Inc. (a) | 1,294,650 | |||||
45,000 | ProPhase Labs, Inc. | 368,100 | |||||
1,662,750 | |||||||
Professional Services - 6.41% | |||||||
37,523 | BGSF, Inc. | 543,333 | |||||
160,800 | DLH Holdings Corp. (a) | 1,979,448 | |||||
39,636 | Hudson Global, Inc. (a) | 988,918 | |||||
14,000 | Where Food Comes From, Inc. (a) | 196,000 | |||||
3,707,699 | |||||||
Semiconductors & Semiconductor Equipment - 1.19% | |||||||
38,000 | Photronics, Inc. (a) | 688,560 | |||||
688,560 | |||||||
Software - 1.64% | |||||||
21,720 | American Software, Inc. - Class A | 330,361 | |||||
30,000 | Asure Software, Inc. (a) | 318,900 | |||||
84,800 | Intrusion, Inc. (a) | 300,192 | |||||
949,453 | |||||||
Specialty Retail - 0.83% | |||||||
10,000 | Build-A-Bear Workshop, Inc. (a) | 245,600 | |||||
303,500 | Xcel Brands, Inc. (a) | 235,243 | |||||
480,843 | |||||||
Technology Hardware, Storage & Peripherals - 1.30% | |||||||
350,000 | Boxlight Corp. - Class A (a) | 161,805 | |||||
81,000 | Immersion Corp. | 592,920 | |||||
754,725 | |||||||
Textile, Apparel & Luxury Goods - 1.59% | |||||||
14,000 | Delta Apparel, Inc. (a) | 163,380 | |||||
20,000 | Lakeland Industries, Inc. (a) | 289,600 | |||||
39,366 | Superior Group of Cos., Inc. | 469,636 | |||||
922,616 | |||||||
Trading Companies & Distributors - 1.20% | |||||||
8,000 | BlueLinx Holdings, Inc. (a) | 694,560 | |||||
694,560 | |||||||
Water Utilities - 0.54% | |||||||
35,000 | Pure Cycle Corp. (a) | 313,950 | |||||
313,950 | |||||||
Wireless Telecommunications Services - 0.29% | |||||||
20,000 | Spok Holdings, Inc. | 167,000 | |||||
167,000 | |||||||
TOTAL COMMON STOCKS (Cost $37,671,746) | $ | 57,257,846 | |||||
SHORT-TERM INVESTMENTS - 1.20% | |||||||
Money Market Funds - 1.20% | |||||||
692,538 | U.S. Bank Money Market Deposit Account, 3.90% (c) | $ | 692,538 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $692,538) | $ | 692,538 | |||||
Total Investments (Cost $38,364,284) - 100.18% | $ | 57,950,384 | |||||
Liabilities in Excess of Other Assets - (0.18)% | (102,502 | ) | |||||
TOTAL NET ASSETS - 100.00% | $ | 57,847,882 |
Percentages are stated as a percent of net assets. |
ADR | American Depository Receipt | ||
(a) | Non-income producing security. | ||
(b) | Foreign issued security. | ||
(c) | The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on conditions and may change daily and by any amount. The rate shown is as of January 31, 2023. |