Teton Advisors (TETAA) 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
1-800-FLOWERS.COM INC-CL A	EQUITY	68243Q106	1,819,440	168,000	SH		SOLE		168,000	0	0
A10 NETWORKS INC	EQUITY	002121101	663,965	48,500	SH		SOLE		48,500	0	0
ACCURAY INC	EQUITY	004397105	143,260	58,000	SH		SOLE		58,000	0	0
ACME UNITED CORP	EQUITY	004816104	1,315,720	28,000	SH		SOLE		28,000	0	0
ADTHEORENT HOLDINGS CO INC	EQUITY	00739D109	433,350	135,000	SH		SOLE		135,000	0	0
AGILYSYS INC	EQUITY	00847J105	337,040	4,000	SH		SOLE		4,000	0	0
ALLIENT INC	EQUITY	019330109	4,163,856	116,700	SH		SOLE		116,700	0	0
AMERICAN OUTDOOR BRANDS INC	EQUITY	02875D109	1,575,200	179,000	SH		SOLE		179,000	0	0
AMERICAN SOFTWARE INC-CL A	EQUITY	029683109	1,419,800	124,000	SH		SOLE		124,000	0	0
AMPCO-PITTSBURGH CORP	EQUITY	032037103	303,800	140,000	SH		SOLE		140,000	0	0
AMPCO-PITTSBURGH CORP WARRANTS 8/1/25	WARRANT	032037111	4,700	47,000	SH		SOLE		47,000	0	0
ANTERIX INC	EQUITY	03676C100	1,781,330	53,000	SH		SOLE		53,000	0	0
ARLO TECHNOLOGIES INC	EQUITY	04206A101	1,353,550	107,000	SH		SOLE		107,000	0	0
ARRAY TECHNOLOGIES INC 1.000 12/01/28 CVT	BOND CONVERTIBLE	04271TAB6	490,396	528,000	PRN		SOLE		528,000	0	0
ARTESIAN RESOURCES CORP-CL A	EQUITY	043113208	1,180,840	31,820	SH		SOLE		31,820	0	0
ASTEC INDUSTRIES INC	EQUITY	046224101	6,294,240	144,000	SH		SOLE		144,000	0	0
ASTRONICS CORP	EQUITY	046433108	3,769,920	198,000	SH		SOLE		198,000	0	0
ATLANTIC AMERICAN CORP	EQUITY	048209100	56,000	20,000	SH		SOLE		20,000	0	0
ATLANTIC UNION BANKSHARES CO	EQUITY	04911A107	971,025	27,500	SH		SOLE		27,500	0	0
AZZ INC	EQUITY	002474104	773,100	10,000	SH		SOLE		10,000	0	0
BADGER METER INC	EQUITY	056525108	841,412	5,200	SH		SOLE		5,200	0	0
BANDWIDTH INC 0.250 03/01/26 CVT	BOND CONVERTIBLE	05988JAB9	617,890	700,000	PRN		SOLE		700,000	0	0
BANK7 CORP	EQUITY	06652N107	318,660	11,300	SH		SOLE		11,300	0	0
BASSETT FURNITURE INDS	EQUITY	070203104	408,852	27,700	SH		SOLE		27,700	0	0
BEASLEY BROADCAST GRP INC -A	EQUITY	074014101	138,840	178,000	SH		SOLE		178,000	0	0
BELLRING BRANDS INC	EQUITY	07831C103	885,450	15,000	SH		SOLE		15,000	0	0
BERKSHIRE HILLS BANCORP INC	EQUITY	084680107	221,407	9,660	SH		SOLE		9,660	0	0
BIG 5 SPORTING GOODS CORP	EQUITY	08915P101	56,320	16,000	SH		SOLE		16,000	0	0
BOYD GAMING CORP	EQUITY	103304101	269,280	4,000	SH		SOLE		4,000	0	0
CADENCE BANK	EQUITY	12740C103	208,800	7,200	SH		SOLE		7,200	0	0
CAESARS ENTERTAINMENT INC	EQUITY	12769G100	831,060	19,000	SH		SOLE		19,000	0	0
CALAVO GROWERS INC	EQUITY	128246105	1,070,685	38,500	SH		SOLE		38,500	0	0
CALIFORNIA WATER SERVICE GRP	EQUITY	130788102	1,013,264	21,800	SH		SOLE		21,800	0	0
CAPITAL CITY BANK GROUP INC	EQUITY	139674105	2,210,460	79,800	SH		SOLE		79,800	0	0
CASELLA WASTE SYSTEMS INC-A	EQUITY	147448104	2,007,061	20,300	SH		SOLE		20,300	0	0
CAVCO INDUSTRIES INC	EQUITY	149568107	239,436	600	SH		SOLE		600	0	0
CHART INDUSTRIES INC 6.750 12/15/25 SR:B CVT	PREFERRED CONVER	16115Q407	449,470	7,000	SH		SOLE		7,000	0	0
CHEFS' WAREHOUSE THE 2.375 12/15/28 CVT	BOND CONVERTIBLE	163086AE1	219,350	200,000	PRN		SOLE		200,000	0	0
CITIZENS & NORTHERN CORP	EQUITY	172922106	262,920	14,000	SH		SOLE		14,000	0	0
CLEARFIELD INC	EQUITY	18482P103	555,120	18,000	SH		SOLE		18,000	0	0
COLUMBUS MCKINNON CORP/NY	EQUITY	199333105	2,160,092	48,400	SH		SOLE		48,400	0	0
COMMERCIAL VEHICLE GROUP INC	EQUITY	202608105	1,377,486	214,228	SH		SOLE		214,228	0	0
COMTECH TELECOMMUNICATIONS	EQUITY	205826209	202,370	59,000	SH		SOLE		59,000	0	0
CONSOLIDATED WATER CO-ORD SH	EQUITY	G23773107	1,304,295	44,500	SH		SOLE		44,500	0	0
CORE MOLDING TECHNOLOGIES IN	EQUITY	218683100	2,432,505	128,500	SH		SOLE		128,500	0	0
CTS CORP	EQUITY	126501105	5,109,468	109,200	SH		SOLE		109,200	0	0
CUTERA INC	EQUITY	232109108	179,575	122,160	SH		SOLE		122,160	0	0
DAKTRONICS INC	EQUITY	234264109	592,620	59,500	SH		SOLE		59,500	0	0
DANA INC	EQUITY	235825205	539,750	42,500	SH		SOLE		42,500	0	0
DAWSON GEOPHYSICAL CO	EQUITY	239360100	34,080	24,000	SH		SOLE		24,000	0	0
DENNY'S CORP	EQUITY	24869P104	492,800	55,000	SH		SOLE		55,000	0	0
DHI GROUP INC	EQUITY	23331S100	114,750	45,000	SH		SOLE		45,000	0	0
DIGI INTERNATIONAL INC	EQUITY	253798102	319,300	10,000	SH		SOLE		10,000	0	0
DISTRIBUTION SOLUTIONS GROUP	EQUITY	520776105	6,904,408	194,600	SH		SOLE		194,600	0	0
DUCOMMUN INC	EQUITY	264147109	8,328,042	162,340	SH		SOLE		162,340	0	0
EASTERN CO/THE	EQUITY	276317104	9,269,071	271,900	SH		SOLE		271,900	0	0
ELECTROMED INC	EQUITY	285409108	567,543	35,142	SH		SOLE		35,142	0	0
ENERGY RECOVERY INC	EQUITY	29270J100	461,068	29,200	SH		SOLE		29,200	0	0
EW SCRIPPS CO NEW	EQUITY	811054402	1,346,418	342,600	SH		SOLE		342,600	0	0
EXELIXIS INC	EQUITY	30161Q104	1,404,816	59,200	SH		SOLE		59,200	0	0
FARMER BROS CO	EQUITY	307675108	1,698,638	475,809	SH		SOLE		475,809	0	0
FARMERS NATL BANC CORP	EQUITY	309627107	534,400	40,000	SH		SOLE		40,000	0	0
FEDERAL SIGNAL CORP	EQUITY	313855108	1,952,010	23,000	SH		SOLE		23,000	0	0
FIRST INTERNET BANCORP	EQUITY	320557101	694,800	20,000	SH		SOLE		20,000	0	0
FLUSHING FINANCIAL CORP	EQUITY	343873105	4,751,448	376,800	SH		SOLE		376,800	0	0
FNB CORP	EQUITY	302520101	1,043,400	74,000	SH		SOLE		74,000	0	0
FOSTER (LB) CO-A	EQUITY	350060109	4,575,435	167,537	SH		SOLE		167,537	0	0
FREQUENCY ELECTRONICS INC	EQUITY	358010106	108,900	10,000	SH		SOLE		10,000	0	0
FRP HOLDINGS INC	EQUITY	30292L107	1,166,600	19,000	SH		SOLE		19,000	0	0
FS BANCORP INC	EQUITY	30263Y104	1,114,746	32,116	SH		SOLE		32,116	0	0
FUBOTV INC 3.250 02/15/26 CVT	BOND CONVERTIBLE	35953DAB0	228,096	360,000	PRN		SOLE		360,000	0	0
GAMBLING.COM GROUP LTD	EQUITY	G3R239101	913,000	100,000	SH		SOLE		100,000	0	0
GARRETT MOTION INC	EQUITY	366505105	497,000	50,000	SH		SOLE		50,000	0	0
GENCOR INDUSTRIES INC	EQUITY	368678108	7,552,225	452,500	SH		SOLE		452,500	0	0
GENIUS SPORTS LTD	EQUITY	G3934V109	114,200	20,000	SH		SOLE		20,000	0	0
GENTHERM INC	EQUITY	37253A103	230,320	4,000	SH		SOLE		4,000	0	0
GIBRALTAR INDUSTRIES INC	EQUITY	374689107	5,717,630	71,000	SH		SOLE		71,000	0	0
GLATFELTER CORP	EQUITY	377320106	50,000	25,000	SH		SOLE		25,000	0	0
GOLDEN ENTERTAINMENT INC	EQUITY	381013101	4,205,986	114,200	SH		SOLE		114,200	0	0
GORMAN-RUPP CO	EQUITY	383082104	2,942,520	74,400	SH		SOLE		74,400	0	0
GRAHAM CORP	EQUITY	384556106	3,546,400	130,000	SH		SOLE		130,000	0	0
GRANITE CONSTRUCTION INC	EQUITY	387328107	285,650	5,000	SH		SOLE		5,000	0	0
GRAY TELEVISION INC	EQUITY	389375106	1,568,877	248,240	SH		SOLE		248,240	0	0
GRAY TELEVISION INC-A	EQUITY	389375205	749,070	87,000	SH		SOLE		87,000	0	0
GYRODYNE LLC	EQUITY	403829104	185,223	22,316	SH		SOLE		22,316	0	0
HALOZYME THERAPEUTICS IN 1.000 08/15/28 CVT	BOND CONVERTIBLE	40637HAF6	487,780	500,000	PRN		SOLE		500,000	0	0
HANOVER BANCORP INC/NY	EQUITY	410710206	222,300	15,000	SH		SOLE		15,000	0	0
HAWKINS INC	EQUITY	420261109	3,686,400	48,000	SH		SOLE		48,000	0	0
HERC HOLDINGS INC	EQUITY	42704L104	420,750	2,500	SH		SOLE		2,500	0	0
HOMESTREET INC	EQUITY	43785V102	189,630	12,600	SH		SOLE		12,600	0	0
I3 VERTICALS INC-CLASS A	EQUITY	46571Y107	1,757,746	76,791	SH		SOLE		76,791	0	0
ICC HOLDINGS INC	EQUITY	44931Q104	271,937	17,000	SH		SOLE		17,000	0	0
ICF INTERNATIONAL INC	EQUITY	44925C103	602,520	4,000	SH		SOLE		4,000	0	0
IMAX CORP	EQUITY	45245E109	485,100	30,000	SH		SOLE		30,000	0	0
IMPINJ INC 1.125 05/15/27 CVT	BOND CONVERTIBLE	453204AD1	405,357	300,000	PRN		SOLE		300,000	0	0
INFINERA CORP 3.750 08/01/28 CVT	BOND CONVERTIBLE	45667GAG8	553,900	500,000	PRN		SOLE		500,000	0	0
INFUSYSTEM HOLDINGS INC	EQUITY	45685K102	1,671,150	195,000	SH		SOLE		195,000	0	0
INGLES MARKETS INC-CLASS A	EQUITY	457030104	306,720	4,000	SH		SOLE		4,000	0	0
INNOVATE CORP	EQUITY	45784J105	207,221	295,734	SH		SOLE		295,734	0	0
INNOVATIVE SOLUTIONS & SUPP	EQUITY	45769N105	711,504	97,200	SH		SOLE		97,200	0	0
INSPIRED ENTERTAINMENT INC	EQUITY	45782N108	2,437,599	247,221	SH		SOLE		247,221	0	0
INTEGER HOLDINGS CORP	EQUITY	45826H109	233,360	2,000	SH		SOLE		2,000	0	0
INTERDIGITAL INC 3.500 06/01/27 CVT	BOND CONVERTIBLE	45867GAD3	432,297	300,000	PRN		SOLE		300,000	0	0
INTEVAC INC	EQUITY	461148108	1,171,200	305,000	SH		SOLE		305,000	0	0
JOHN BEAN TECHNOLOGIES CORP	EQUITY	477839104	839,120	8,000	SH		SOLE		8,000	0	0
JOHNSON OUTDOORS INC-A	EQUITY	479167108	230,550	5,000	SH		SOLE		5,000	0	0
KIMBALL ELECTRONICS INC	EQUITY	49428J109	703,625	32,500	SH		SOLE		32,500	0	0
KKR & CO INC	EQUITY	48251W104	4,274,650	42,500	SH		SOLE		42,500	0	0
LANDS' END INC	EQUITY	51509F105	261,360	24,000	SH		SOLE		24,000	0	0
LA-Z-BOY INC	EQUITY	505336107	225,720	6,000	SH		SOLE		6,000	0	0
LEE ENTERPRISES	EQUITY	523768406	346,580	26,000	SH		SOLE		26,000	0	0
LEGACY HOUSING CORP	EQUITY	52472M101	1,570,960	73,000	SH		SOLE		73,000	0	0
LEMAITRE VASCULAR INC	EQUITY	525558201	364,980	5,500	SH		SOLE		5,500	0	0
LIBERTY MEDIA CORP 2.250 08/15/27 CVT	BOND CONVERTIBLE	531229AQ5	506,900	500,000	PRN		SOLE		500,000	0	0
LIFETIME BRANDS INC	EQUITY	53222Q103	2,368,480	226,000	SH		SOLE		226,000	0	0
LIFEWAY FOODS INC	EQUITY	531914109	198,030	11,500	SH		SOLE		11,500	0	0
LIMONEIRA CO	EQUITY	532746104	3,006,372	153,700	SH		SOLE		153,700	0	0
LIVE NATION ENTERTAINMEN 3.125 01/15/29 CVT	BOND CONVERTIBLE	538034BA6	600,130	500,000	PRN		SOLE		500,000	0	0
MANITOWOC COMPANY INC	EQUITY	563571405	247,450	17,500	SH		SOLE		17,500	0	0
MARCUS CORPORATION	EQUITY	566330106	998,200	70,000	SH		SOLE		70,000	0	0
MARINE PRODUCTS CORP	EQUITY	568427108	3,407,500	290,000	SH		SOLE		290,000	0	0
MARINEMAX INC	EQUITY	567908108	465,640	14,000	SH		SOLE		14,000	0	0
MATERIALISE NV-ADR	DEPOSITORY RECEI	57667T100	52,800	10,000	SH		SOLE		10,000	0	0
MEDALLION FINANCIAL CORP	EQUITY	583928106	735,630	93,000	SH		SOLE		93,000	0	0
MESA LABORATORIES INC	EQUITY	59064R109	329,190	3,000	SH		SOLE		3,000	0	0
MIDDLEBY CORP	EQUITY	596278101	2,238,197	13,920	SH		SOLE		13,920	0	0
MIDDLESEX WATER CO	EQUITY	596680108	262,500	5,000	SH		SOLE		5,000	0	0
MINERALS TECHNOLOGIES INC	EQUITY	603158106	376,400	5,000	SH		SOLE		5,000	0	0
MITEK SYSTEMS INC	EQUITY	606710200	1,931,700	137,000	SH		SOLE		137,000	0	0
MODINE MANUFACTURING CO	EQUITY	607828100	904,305	9,500	SH		SOLE		9,500	0	0
MOTORCAR PARTS OF AMERICA IN	EQUITY	620071100	88,440	11,000	SH		SOLE		11,000	0	0
MOVADO GROUP INC	EQUITY	624580106	673,113	24,100	SH		SOLE		24,100	0	0
MSA SAFETY INC	EQUITY	553498106	1,355,130	7,000	SH		SOLE		7,000	0	0
MYERS INDUSTRIES INC	EQUITY	628464109	11,483,052	495,600	SH		SOLE		495,600	0	0
MYR GROUP INC/DELAWARE	EQUITY	55405W104	1,590,750	9,000	SH		SOLE		9,000	0	0
NABORS INDUSTRIES INC 1.750 06/15/29 CVT	BOND CONVERTIBLE	62957HAL9	186,548	250,000	PRN		SOLE		250,000	0	0
NAPCO SECURITY TECHNOLOGIES	EQUITY	630402105	200,800	5,000	SH		SOLE		5,000	0	0
NATHAN'S FAMOUS INC	EQUITY	632347100	12,623,640	178,300	SH		SOLE		178,300	0	0
NATURAL GROCERS BY VITAMIN C	EQUITY	63888U108	288,800	16,000	SH		SOLE		16,000	0	0
NAVIGATOR HOLDINGS LTD	EQUITY	Y62132108	1,535,000	100,000	SH		SOLE		100,000	0	0
NCL CORPORATION LTD 1.125 02/15/27 CVT	BOND CONVERTIBLE	62886HBD2	210,983	223,000	PRN		SOLE		223,000	0	0
NEOGEN CORP	EQUITY	640491106	3,043,331	192,860	SH		SOLE		192,860	0	0
NEOGENOMICS INC	EQUITY	64049M209	872,460	55,500	SH		SOLE		55,500	0	0
NEURONETICS INC	EQUITY	64131A105	85,680	18,000	SH		SOLE		18,000	0	0
NORTHERN OIL & GAS INC 3.625 04/15/29 CVT	BOND CONVERTIBLE	665531AJ8	487,016	400,000	PRN		SOLE		400,000	0	0
NORTHRIM BANCORP INC	EQUITY	666762109	211,990	4,197	SH		SOLE		4,197	0	0
OIL-DRI CORP OF AMERICA	EQUITY	677864100	782,880	10,500	SH		SOLE		10,500	0	0
ON SEMICONDUCTOR CORP 0.500 03/01/29 CVT	BOND CONVERTIBLE	682189AU9	394,756	400,000	PRN		SOLE		400,000	0	0
OOMA INC	EQUITY	683416101	341,200	40,000	SH		SOLE		40,000	0	0
OPENLANE INC	EQUITY	48238T109	536,300	31,000	SH		SOLE		31,000	0	0
OPKO HEALTH INC	EQUITY	68375N103	194,400	162,000	SH		SOLE		162,000	0	0
OPTION CARE HEALTH INC	EQUITY	68404L201	704,340	21,000	SH		SOLE		21,000	0	0
ORMAT TECHNOLOGIES INC 2.500 07/15/27 CVT	BOND CONVERTIBLE	686688AB8	362,933	375,000	PRN		SOLE		375,000	0	0
ORTHOFIX MEDICAL INC	EQUITY	68752M108	326,700	22,500	SH		SOLE		22,500	0	0
PACIFIC PREMIER BANCORP INC	EQUITY	69478X105	204,000	8,500	SH		SOLE		8,500	0	0
PARK AEROSPACE CORP	EQUITY	70014A104	1,007,778	60,600	SH		SOLE		60,600	0	0
PARK-OHIO HOLDINGS CORP	EQUITY	700666100	5,029,180	188,500	SH		SOLE		188,500	0	0
PITNEY BOWES INC	EQUITY	724479100	216,500	50,000	SH		SOLE		50,000	0	0
PLAYAGS INC	EQUITY	72814N104	1,744,814	194,300	SH		SOLE		194,300	0	0
PLAYSTUDIOS INC	EQUITY	72815G108	68,388	24,600	SH		SOLE		24,600	0	0
PPL CAPITAL FUNDING INC 2.875 03/15/28 CVT	BOND CONVERTIBLE	69352PAS2	479,535	500,000	PRN		SOLE		500,000	0	0
PRIMIS FINANCIAL CORP	EQUITY	74167B109	182,550	15,000	SH		SOLE		15,000	0	0
PRIMO WATER CORP	EQUITY	74167P108	273,150	15,000	SH		SOLE		15,000	0	0
READING INTERNATIONAL INC-A	EQUITY	755408101	428,720	233,000	SH		SOLE		233,000	0	0
READING INTERNATIONAL INC-B	EQUITY	755408200	1,121,208	74,400	SH		SOLE		74,400	0	0
REDWOOD TRUST INC 7.750 06/15/27 CVT	BOND CONVERTIBLE	758075AF2	240,985	250,000	PRN		SOLE		250,000	0	0
RENASANT CORP	EQUITY	75970E107	956,200	30,530	SH		SOLE		30,530	0	0
RGC RESOURCES INC	EQUITY	74955L103	1,761,082	87,010	SH		SOLE		87,010	0	0
RPC INC	EQUITY	749660106	448,920	58,000	SH		SOLE		58,000	0	0
RUSH ENTERPRISES INC - CL B	EQUITY	781846308	4,337,806	81,400	SH		SOLE		81,400	0	0
RUSH ENTERPRISES INC-CL A	EQUITY	781846209	802,800	15,000	SH		SOLE		15,000	0	0
RUSH STREET INTERACTIVE INC	EQUITY	782011100	70,959	10,900	SH		SOLE		10,900	0	0
S&W SEED CO	EQUITY	785135104	44,500	92,000	SH		SOLE		92,000	0	0
SANDY SPRING BANCORP INC	EQUITY	800363103	725,534	31,300	SH		SOLE		31,300	0	0
SAREPTA THERAPEUTICS INC 1.250 09/15/27 CVT	BOND CONVERTIBLE	803607AD2	234,080	200,000	PRN		SOLE		200,000	0	0
SEMTECH CORP 1.625 11/01/27 CVT	BOND CONVERTIBLE	816850AF8	497,645	500,000	PRN		SOLE		500,000	0	0
SILVERCREST ASSET MANAGEME-A	EQUITY	828359109	1,082,985	68,500	SH		SOLE		68,500	0	0
SINCLAIR INC	EQUITY	829242106	431,040	32,000	SH		SOLE		32,000	0	0
SKYLINE CHAMPION CORP	EQUITY	830830105	1,912,725	22,500	SH		SOLE		22,500	0	0
SKYWATER TECHNOLOGY INC	EQUITY	83089J108	634,883	62,427	SH		SOLE		62,427	0	0
SOUTHERN FIRST BANCSHARES	EQUITY	842873101	1,191,000	37,500	SH		SOLE		37,500	0	0
SOUTHSTATE CORP	EQUITY	840441109	756,767	8,900	SH		SOLE		8,900	0	0
SPORTSMAN'S WAREHOUSE HOLDIN	EQUITY	84920Y106	208,370	67,000	SH		SOLE		67,000	0	0
STANDARD MOTOR PRODS	EQUITY	853666105	1,298,385	38,700	SH		SOLE		38,700	0	0
STANDEX INTERNATIONAL CORP	EQUITY	854231107	1,275,540	7,000	SH		SOLE		7,000	0	0
STARRETT (L.S.) CO -CL A	EQUITY	855668109	1,048,740	66,000	SH		SOLE		66,000	0	0
STEEL PARTNERS HOLDINGS LP	EQUITY UNIT	85814R107	495,625	12,500	SH		SOLE		12,500	0	0
STELLAR BANCORP INC	EQUITY	858927106	1,559,040	64,000	SH		SOLE		64,000	0	0
STERIS PLC	EQUITY	G8473T100	292,266	1,300	SH		SOLE		1,300	0	0
STONERIDGE INC	EQUITY	86183P102	968,100	52,500	SH		SOLE		52,500	0	0
STRIDE INC 1.125 09/01/27 CVT	BOND CONVERTIBLE	86333MAA6	529,720	400,000	PRN		SOLE		400,000	0	0
SUNNOVA ENERGY INTL INC 2.625 02/15/28 CVT	BOND CONVERTIBLE	86745KAH7	289,198	700,000	PRN		SOLE		700,000	0	0
SURMODICS INC	EQUITY	868873100	938,880	32,000	SH		SOLE		32,000	0	0
TEJON RANCH CO	EQUITY	879080109	1,439,294	93,400	SH		SOLE		93,400	0	0
TENNANT CO	EQUITY	880345103	1,884,955	15,500	SH		SOLE		15,500	0	0
TITAN INTERNATIONAL INC	EQUITY	88830M102	255,430	20,500	SH		SOLE		20,500	0	0
TITAN MACHINERY INC	EQUITY	88830R101	1,761,510	71,000	SH		SOLE		71,000	0	0
TKO GROUP HOLDINGS INC	EQUITY	87256C101	1,036,920	12,000	SH		SOLE		12,000	0	0
TOWNSQUARE MEDIA INC - CL A	EQUITY	892231101	1,487,790	135,500	SH		SOLE		135,500	0	0
TRANSACT TECHNOLOGIES INC	EQUITY	892918103	170,300	32,500	SH		SOLE		32,500	0	0
TREDEGAR CORP	EQUITY	894650100	978,000	150,000	SH		SOLE		150,000	0	0
TRINITY PLACE HOLDINGS INC	EQUITY	89656D101	22,350	149,000	SH		SOLE		149,000	0	0
TRUSTCO BANK CORP NY	EQUITY	898349204	281,882	10,010	SH		SOLE		10,010	0	0
TWIN DISC INC	EQUITY	901476101	1,702,590	103,000	SH		SOLE		103,000	0	0
TYLER TECHNOLOGIES INC	EQUITY	902252105	425,010	1,000	SH		SOLE		1,000	0	0
ULTRA CLEAN HOLDINGS INC	EQUITY	90385V107	3,055,010	66,500	SH		SOLE		66,500	0	0
ULTRALIFE CORP	EQUITY	903899102	1,030,770	117,000	SH		SOLE		117,000	0	0
UNITED BANKSHARES INC	EQUITY	909907107	286,320	8,000	SH		SOLE		8,000	0	0
UNITED GUARDIAN INC	EQUITY	910571108	518,372	67,761	SH		SOLE		67,761	0	0
UNIVERSAL TECHNICAL INSTITUT	EQUITY	913915104	1,275,200	80,000	SH		SOLE		80,000	0	0
VALLEY NATIONAL BANCORP	EQUITY	919794107	350,240	44,000	SH		SOLE		44,000	0	0
VALUE LINE INC	EQUITY	920437100	1,287,900	31,800	SH		SOLE		31,800	0	0
VIAD CORP	EQUITY	92552R406	1,382,150	35,000	SH		SOLE		35,000	0	0
VILLAGE SUPER MARKET-CLASS A	EQUITY	927107409	1,793,847	62,700	SH		SOLE		62,700	0	0
VISHAY PRECISION GROUP	EQUITY	92835K103	1,908,244	54,012	SH		SOLE		54,012	0	0
WABASH NATIONAL CORP	EQUITY	929566107	1,434,126	47,900	SH		SOLE		47,900	0	0
WASHINGTON TRUST BANCORP	EQUITY	940610108	1,086,221	40,410	SH		SOLE		40,410	0	0
WATERSTONE FINANCIAL INC	EQUITY	94188P101	766,710	63,000	SH		SOLE		63,000	0	0
WESTERN NEW ENGLAND BANCORP	EQUITY	958892101	575,250	75,000	SH		SOLE		75,000	0	0
WILLAMETTE VALLEY VINEYARDS	EQUITY	969136100	120,520	23,000	SH		SOLE		23,000	0	0
WILLDAN GROUP INC	EQUITY	96924N100	1,565,460	54,000	SH		SOLE		54,000	0	0
WINNEBAGO INDUSTRIES	EQUITY	974637100	2,072,000	28,000	SH		SOLE		28,000	0	0
WOLFSPEED INC 1.875 12/01/29 CVT	BOND CONVERTIBLE	977852AD4	340,530	600,000	PRN		SOLE		600,000	0	0
YORK WATER CO	EQUITY	987184108	1,365,928	37,660	SH		SOLE		37,660	0	0
ZIMVIE INC	EQUITY	98888T107	791,520	48,000	SH		SOLE		48,000	0	0