Perritt Ultra MicroCap Fund | ||||||||
Schedule of Investments (Unaudited) | July 31, 2023 | |||||||
Shares | COMMON STOCK - DOMESTIC - 92.70% | Value | ||||||
Aerospace & Defense - 2.45% | ||||||||
40,000 | VirTra, Inc. (a) | $ | 284,400 | |||||
284,400 | ||||||||
Banks - 1.26% | ||||||||
6,500 | First Internet Bancorp | 146,510 | ||||||
146,510 | ||||||||
Biotechnology - 2.00% | ||||||||
12,000 | Actinium Pharmaceuticals, Inc. (a) | 85,440 | ||||||
27,026 | ImmuCell Corp. (a) | 146,751 | ||||||
232,191 | ||||||||
Capital Markets - 1.98% | ||||||||
11,000 | Silvercrest Asset Management Group, Inc. - Class A (h) | 229,240 | ||||||
229,240 | ||||||||
Chemicals - 3.54% | ||||||||
10,000 | Advanced Emissions Solutions, Inc. (a) | 23,600 | ||||||
48,250 | Flexible Solutions International, Inc. - ADR (c) | 137,995 | ||||||
20,000 | Northern Technologies International Corp. | 249,000 | ||||||
410,595 | ||||||||
Commercial Services & Supplies - 2.03% | ||||||||
35,600 | Quest Resource Holding Corp. (a) | 235,672 | ||||||
235,672 | ||||||||
Communications Equipment - 3.90% | ||||||||
15,000 | BK Technologies Corp. | 214,350 | ||||||
48,075 | PCTEL, Inc. | 237,971 | ||||||
452,321 | ||||||||
Construction & Engineering - 1.94% | ||||||||
6,500 | Bowman Consulting Group Ltd. (a) | 225,225 | ||||||
225,225 | ||||||||
Consumer Staples Distribution & Retail - 1.13% | ||||||||
25,000 | HF Foods Group, Inc. (a) | 130,750 | ||||||
130,750 | ||||||||
Distributors - 0.39% | ||||||||
25,090 | Educational Development Corp. (a) | 44,660 | ||||||
44,660 | ||||||||
Electrical Equipment - 1.16% | ||||||||
25,000 | Expion360, Inc. (a)(h) | 134,000 | ||||||
134,000 | ||||||||
Electronic Equipment, Instruments & Components - 6.87% | ||||||||
8,500 | Airgain, Inc. (a) | 40,375 | ||||||
44,899 | Data I/O Corp. (a) | 203,841 | ||||||
16,000 | Identiv, Inc. (a) | 123,360 | ||||||
22,500 | Luna Innovations, Inc. (a) | 203,400 | ||||||
6,000 | Napco Security Technologies, Inc. | 224,880 | ||||||
795,856 | ||||||||
Energy Equipment & Services - 0.59% | ||||||||
20,000 | Gulf Island Fabrication, Inc. (a) | 67,800 | ||||||
67,800 | ||||||||
Equity Real Estate Investment - 2.57% | ||||||||
30,000 | Global Self Storage, Inc. | 152,700 | ||||||
11,000 | Modiv, Inc. - Class C (h) | 145,420 | ||||||
298,120 | ||||||||
Financial Services - 5.62% | ||||||||
9,000 | A-Mark Precious Metals, Inc. | 367,110 | ||||||
15,000 | BM Technologies, Inc. (a)(h) | 45,150 | ||||||
15,000 | Cantaloupe, Inc. (a) | 115,650 | ||||||
70,000 | Usio, Inc. (a) | 123,200 | ||||||
651,110 | ||||||||
Food Products - 0.50% | ||||||||
50,000 | Better Choice Co., Inc. (a) | 11,610 | ||||||
16,500 | BranchOut Food, Inc. (a) | 46,860 | ||||||
58,470 | ||||||||
Health Care Equipment & Supplies - 3.93% | ||||||||
47,500 | Biomerica, Inc. (a) | 62,700 | ||||||
3,651 | INVO BioScience, Inc. (a)(h) | 18,107 | ||||||
10,586 | Sensus Healthcare, Inc. (a) | 31,758 | ||||||
100,000 | Strata Skin Sciences, Inc. (a) | 100,000 | ||||||
1,250 | UFP Technologies, Inc. (a) | 243,331 | ||||||
455,896 | ||||||||
Health Care Providers & Services - 1.60% | ||||||||
35,000 | Quipt Home Medical Corp. - ADR (a)(c) | 185,850 | ||||||
185,850 | ||||||||
Health Care Technology - 1.42% | ||||||||
49,200 | CareCloud, Inc. (a) | 164,820 | ||||||
164,820 | ||||||||
Hotels, Restaurants & Leisure - 4.76% | ||||||||
40,000 | Bragg Gaming Group, Inc. - ADR (a)(c) | 213,200 | ||||||
20,000 | Century Casinos, Inc. (a) | 159,000 | ||||||
66,621 | Galaxy Gaming, Inc. (a) | 179,877 | ||||||
552,077 | ||||||||
Household Durables - 0.38% | ||||||||
27,917 | Singing Machine Co., Inc. (a) | 44,109 | ||||||
44,109 | ||||||||
Interactive Media & Services - 1.14% | ||||||||
35,000 | DHI Group, Inc. (a) | 131,950 | ||||||
131,950 | ||||||||
IT Services - 4.51% | ||||||||
8,402 | Data Storage Corp. (a) | 23,988 | ||||||
40,001 | DecisionPoint Systems, Inc. (a) | 208,405 | ||||||
25,000 | Information Services Group, Inc. | 128,750 | ||||||
75,000 | Research Solutions, Inc. (a) | 161,250 | ||||||
522,393 | ||||||||
Leisure Products - 0.12% | ||||||||
2,901 | Vision Marine Technologies, Inc. - ADR (a)(c)(h) | 13,519 | ||||||
13,519 | ||||||||
Machinery - 8.25% | ||||||||
17,500 | Commercial Vehicle Group, Inc. (a) | 183,750 | ||||||
15,000 | Gencor Industries, Inc. (a) | 228,750 | ||||||
25,000 | P&F Industries, Inc. - Class A | 189,750 | ||||||
10,315 | Taylor Devices, Inc. (a) | 245,497 | ||||||
15,000 | TechPrecision Corp. (a) | 108,750 | ||||||
956,497 | ||||||||
Media - 2.43% | ||||||||
40,000 | Direct Digital Holdings, Inc. - Class A (a) | 111,200 | ||||||
2,000 | Perion Network Ltd. - ADR (a)(c) | 73,180 | ||||||
4,500 | Saga Communications, Inc. - Class A | 97,380 | ||||||
281,760 | ||||||||
Metals & Mining - 1.48% | ||||||||
47,236 | Ampco-Pittsburgh Corp. (a) | 170,994 | ||||||
170,994 | ||||||||
Mortgage Real Estate Investment Trusts - 2.54% | ||||||||
32,500 | Sachem Capital Corp. (h) | 127,400 | ||||||
10,950 | Chicago Atlantic Real Estate Finance, Inc. | 166,878 | ||||||
294,278 | ||||||||
Oil, Gas & Consumable Fuels - 1.57% | ||||||||
3,000 | Adams Resources & Energy, Inc. | 103,890 | ||||||
24,143 | PHX Minerals, Inc. | 77,982 | ||||||
181,872 | ||||||||
Personal Care Products - 0.75% | ||||||||
12,000 | Natural Alternatives International, Inc. (a) | 86,400 | ||||||
86,400 | ||||||||
Pharmaceuticals - 2.38% | ||||||||
10,000 | Alimera Sciences, Inc. (a)(h) | 34,100 | ||||||
25,000 | Citius Pharmaceuticals, Inc. (a)(h) | 24,747 | ||||||
79,550 | Medicine Man Technologies, Inc. (a) | 71,655 | ||||||
20,000 | ProPhase Labs, Inc. (a)(h) | 145,600 | ||||||
276,102 | ||||||||
Professional Services - 6.90% | ||||||||
8,000 | Asure Software, Inc. (a) | 109,120 | ||||||
10,000 | BGSF, Inc. | 101,200 | ||||||
34,000 | DLH Holdings Corp. (a) | 341,700 | ||||||
11,014 | Hudson Global, Inc. (a) | 248,035 | ||||||
800,055 | ||||||||
Semiconductors & Semiconductor Equipment - 1.37% | ||||||||
7,500 | inTEST Corp. (a) | 158,700 | ||||||
158,700 | ||||||||
Software - 2.39% | ||||||||
10,133 | Issuer Direct Corp. (a) | 216,340 | ||||||
25,500 | NetSol Technologies, Inc. (a) | 58,905 | ||||||
275,245 | ||||||||
Technology Hardware, Storage & Peripherals - 2.44% | ||||||||
43,266 | One Stop Systems, Inc. (a) | 122,875 | ||||||
20,000 | TransAct Technologies, Inc. (a) | 159,600 | ||||||
282,475 | ||||||||
Textile, Apparel & Luxury Goods - 2.44% | ||||||||
22,500 | Crown Crafts, Inc. | 112,950 | ||||||
11,000 | Lakeland Industries, Inc. | 170,170 | ||||||
283,120 | ||||||||
Water Utilities - 1.97% | ||||||||
18,000 | Global Water Resources, Inc. | 228,600 | ||||||
228,600 | ||||||||
TOTAL COMMON STOCK (Cost $8,322,282) | $ | 10,743,632 | ||||||
Contracts | WARRANTS - 0.06% | |||||||
Health Care Equipment & Supplies - 0.00% | ||||||||
250,000 | Titan Medical, Inc. | |||||||
Expiration: 08/10/2023, Exercise Price $3.20 (a)(b)(e)(f) | $ | 0 | ||||||
Metals & Mining - 0.06% | ||||||||
15,000 | Ampco-Pittsburgh Corp. | |||||||
Expiration: 08/01/2025, Exercise Price $5.75 (a)(b) | 7,106 | |||||||
TOTAL WARRANTS (Cost $85,000) | $ | 7,106 | ||||||
Shares | SHORT-TERM INVESTMENTS - 6.22% | |||||||
Money Market Funds - 6.22% | ||||||||
720,842 | U.S. Bank Money Market Deposit Account, 5.20% (a)(d) | $ | 720,842 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $720,842) | $ | 720,842 | ||||||
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 3.82% | ||||||||
442,393 | First American Government Obligations Fund, Class X, 5.18% (g) | $ | 442,393 | |||||
TOTAL INVESTMENTS PURCHASESD WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL (Cost - $442,393) | $ | 442,393 | ||||||
Total Investments (Cost $9,128,124) - 102.80% | 11,913,973 | |||||||
Liabilities in Excess of Other Assets - (2.80%) | (323,887 | ) | ||||||
TOTAL NET ASSETS - 100.00% | $ | 11,590,086 | ||||||
Percentages are stated as a percent of net assets. | ||||||||
ADR | American Depository Receipt | |||||||
(a) | Non-income producing security. | |||||||
(b) | These securities are deemed to be illiquid. These securities represent $7,106 of value or 0.06% of net assets. | |||||||
(c) | Foreign issued security. | |||||||
(d) | 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 July 31, 2023. | |||||||
(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. | |||||||
(f) | The prices for this security was derived from estimates of fair value using methods approved by the Fund's Board of Directors. This security represents $0 of value or 0.00% of net assets. | |||||||
(g) | Seven-day yield as of July 31, 2023. | |||||||
(h) | All or a portion of this security is on loan. At December 31, 2022 the total value of securities on loan was $3,036,967, which represents 2.9% of total net assets. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. | |||||||
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NPORT-P Filing
Perritt Funds NPORT-PPerritt Ultra MicroCap Fund (Jul 2023 report)
Filed: 27 Sep 23, 10:17am