Perritt Funds NPORT-P Perritt MicroCap Opportunities Fund (Jul 2023 report)

Perritt Micro Cap Opportunities Fund
Schedule of Investments (Unaudited)				July 31, 2023
Shares			COMMON STOCKS - 97.33%	Value
			Air Freight & Logistics - 4.32%
	330,000		Radiant Logistics, Inc. (a)	$	2,541,000
					2,541,000
			Automobile Components - 0.78%
	40,000		Motorcar Parts of America, Inc. (a)		358,800
	4,200		Strattec Security Corp. (a)		98,238
					457,038
			Banks - 0.95%
	5,000		Farmers & Merchants Bancorp, Inc.		106,600
	20,000		First Internet Bancorp		450,800
					557,400
			Capital Markets - 9.82%
	261,999		Heritage Global, Inc. (a)		998,216
	167,000		Silvercrest Asset Management Group, Inc. - Class A		3,480,280
	406,600		U.S. Global Investors, Inc. - Class A		1,297,054
					5,775,550
			Chemicals - 5.31%
	25,000		Advanced Emissions Solutions, Inc. (a)		59,000
	134,900		Flexible Solutions International, Inc. - ADR (b)		385,814
	215,000		Northern Technologies International Corp.		2,676,750
					3,121,564
			Commercial Services & Supplies - 4.38%
	20,000		CECO Environmental Corp. (a)		240,800
	165,717		Perma-Fix Environmental Services, Inc. (a)		1,622,369
	108,000		Quest Resource Holding Corp. (a)		714,960
					2,578,129
			Communications Equipment - 2.97%
	16,000		Aviat Networks, Inc. (a)		489,120
	175,000		Ceragon Networks, Ltd. - ADR (a)(b)		353,500
	182,612		PCTEL, Inc.		903,929
					1,746,549
			Construction & Engineering - 3.34%
	26,500		Bowman Consulting Group Ltd. (a)		918,225
	35,000		Matrix Service Co. (a)		221,550
	25,223		Northwest Pipe  Co. (a)		821,765
					1,961,540
			Consumer Finance - 0.92%
	60,000		EZCORP, Inc. - Class A (a)		543,600
					543,600
			Diversified Consumer Services - 1.69%
	57,901		Lincoln Educational Services Corp. (a)		411,676
	80,000		Universal Technical Institute, Inc. (a)		582,400
					994,076
			Diversified Telecommunication Services - 0.64%
	25,000		Ooma, Inc. (a)		375,000
					375,000
			Electrical Equipment - 1.28%
	65,000		Broadwind, Inc. (a)		247,000
	40,000		LSI Industries, Inc.		504,000
					751,000
			Electronic Equipment, Instruments & Components - 5.22%
	23,924		Arlo Technologies, Inc. (a)		271,777
	26,000		Bel Fuse, Inc. - Class B		1,394,900
	66,545		Coda Octopus Group, Inc. (a)		576,945
	33,000		Identiv, Inc. (a)		254,430
	210,605		Powerfleet, Inc. (a)		570,739
					3,068,791
			Energy Equipment & Services - 2.91%
	325,000		CSI Compressco LP		367,250
	40,000		Geospace Technologies Corp. (a)		320,400
	130,000		Newpark Resources, Inc. (a)		717,600
	216,995		Profire Energy, Inc. (a)		303,793
					1,709,043
			Entertainment - 0.91%
	50,000		Chicken Soup For The Soul Entertainment, Inc. (a)		60,000
	363,500		WildBrain Ltd. - ADR (a)(b)		472,550
					532,550
			Financial Services - 3.30%
	31,000		A-Mark Precious Metals, Inc.		1,264,490
	20,000		SWK Holdings Corp. (a)		322,800
	200,000		Usio, Inc. (a)		352,000
					1,939,290
			Food Products - 1.57%
	249,659		MamaMancini's Holdings, Inc. (a)		926,235
					926,235
			Health Care Equipment & Supplies - 0.46%
	90,000		Sensus Healthcare, Inc. (a)		270,000
					270,000
			Health Care Providers & Services - 2.62%
	13,793		InfuSystem Holdings, Inc. (a)		142,344
	137,500		Quipt Home Medical Corp. - ADR (a)(b)		730,125
	79,000		Viemed Healthcare, Inc. - ADR (a)(b)		667,550
					1,540,019
			Health Care Technology - 0.65%
	139,000		iCAD, Inc. (a)		385,030
					385,030
			Hotels, Restaurants & Leisure - 1.61%
	84,000		Century Casinos, Inc. (a)		667,800
	103,000		Galaxy Gaming, Inc. (a)		278,100
					945,900
			Household Durables - 4.39%
	20,000		Lovesac Co. (a)		585,600
	80,000		Legacy Housing Corp. (a)		1,897,600
	63,632		Singing Machine Co., Inc. (a)		100,539
					2,583,739
			Interactive Media and Services - 0.67%
	103,800		DHI Group, Inc. (a)		391,326
					391,326
			IT Services - 2.33%
	56,000		DecisionPoint Systems, Inc. (a)		291,760
	96,117		Information Services Group, Inc.		495,003
	270,000		Research Solutions, Inc. (a)		580,500
					1,367,263
			Machinery - 7.49%
	53,557		Commercial Vehicle Group, Inc. (a)		562,349
	36,000		Gencor Industries, Inc. (a)		549,000
	17,512		L B Foster Co. - Class A (a)		245,518
	10,000		Manitowoc Co., Inc. (a)		181,200
	35,000		Mayville Engineering Co., Inc. (a)		423,150
	40,000		Miller Industries, Inc.		1,517,600
	30,000		Shyft Group, Inc.		432,900
	68,000		TechPrecision Corp. (a)		493,000
					4,404,717
			Marine Transportation - 0.94%
	25,000		Euroseas Ltd. - ADR (b)		550,250
					550,250
			Metals & Mining - 3.02%
	30,000		Ampco-Pittsburgh Corp. (a)		108,600
	200,000		Avino Silver & Gold Mines Ltd. - ADR (a)(b)		149,860
	120,000		Endeavour Silver Corp. - ADR (a)(b)		421,200
	41,429		Fortitude Gold Corp.		270,531
	100,000		Gold Resource Corp.		63,630
	88,000		McEwen Mining, Inc. (a)		762,080
					1,775,901
			Mortgage Real Estate Investment Trusts - 1.37%
	52,997		Chicago Atlantic Real Estate Finance, Inc.		807,674
					807,674
			Oil, Gas & Consumable Fuels - 4.02%
	150,890		Evolution Petroleum Corp.		1,409,313
	60,000		PHX Minerals, Inc.		193,800
	115,000		Vaalco Energy,  Inc.		511,750
	10,000		Vitesse Energy, Inc.		251,900
					2,366,763
			Pharmaceuticals - 3.25%
	271,250		Assertio Holdings, Inc. (a)		1,543,413
	25,000		Medexus Pharmaceuticals, Inc. - ADR (a)(b)		39,625
	45,000		ProPhase Labs, Inc. (a)		327,600
					1,910,638
			Professional Services - 5.25%
	37,523		BGSF, Inc.		379,733
	160,800		DLH Holdings Corp. (a)		1,616,040
	39,636		Hudson Global, Inc. (a)		892,602
	14,000		Where Food Comes From, Inc. (a)		196,140
					3,084,515
			Semiconductors & Semiconductor Equipment - 1.35%
	30,000		Photronics, Inc. (a)		793,500
					793,500
			Software - 0.53%
	21,720		American Software, Inc. - Class A		250,432
	59,800		Intrusion, Inc. (a)		62,790
					313,222
			Specialty Retail - 2.01%
	15,000		Build-A-Bear Workshop, Inc.		368,250
	350,000		Polished.com, Inc. (a)		220,955
	341,842		Xcel Brands, Inc. (a)		591,387
					1,180,592
			Technology Hardware, Storage & Peripherals - 1.15%
	43,750		Boxlight Corp. - Class A (a)		102,813
	81,000		Immersion Corp.		571,860
					674,673
			Textile, Apparel & Luxury Goods - 1.81%
	14,000		Delta Apparel, Inc. (a)		115,920
	40,000		Lakeland Industries, Inc.		618,800
	35,000		Superior Group of Cos., Inc.		330,050
					1,064,770
			Trading Companies & Distributors - 1.47%
	7,000		BlueLinx Holdings, Inc. (a)		659,680
	10,000		Karat Packaging, Inc.		203,300
					862,980
			Utilities - 0.63%
	30,000		Pure Cycle Corp. (a)		369,600
					369,600
			TOTAL COMMON STOCKS (Cost $35,492,621)	$	57,221,427
			SHORT-TERM INVESTMENTS - 2.58%
	1,518,210		Money Market Funds - 2.58%
			U.S. Bank Money Market Deposit Account, 5.20% (c)	$	1,518,210
			TOTAL SHORT-TERM INVESTMENTS (Cost $1,518,210)	$	1,518,210
			Total Investments (Cost $37,010,831) - 99.91%	$	58,739,637
			Other Assets in Excess of Liabilities - 0.09%		51,459
			TOTAL NET ASSETS - 100.00%	$	58,791,096
		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 July 31, 2023.