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	1,551,760	163,000	SH		SOLE		163,000	0	0
3D SYSTEMS CORP	EQUITY	88554D205	122,800	40,000	SH		SOLE		40,000	0	0
A10 NETWORKS INC	EQUITY	002121101	498,600	36,000	SH		SOLE		36,000	0	0
ACCURAY INC	EQUITY	004397105	94,640	52,000	SH		SOLE		52,000	0	0
ACME UNITED CORP	EQUITY	004816104	701,400	20,000	SH		SOLE		20,000	0	0
ALLIENT INC	EQUITY	019330109	2,949,009	116,700	SH		SOLE		116,700	0	0
AMERICAN OUTDOOR BRANDS INC	EQUITY	02875D109	1,611,000	179,000	SH		SOLE		179,000	0	0
AMERICAN SOFTWARE INC-CL A	EQUITY	029683109	1,132,120	124,000	SH		SOLE		124,000	0	0
AMPCO-PITTSBURGH CORP	EQUITY	032037103	101,640	132,000	SH		SOLE		132,000	0	0
AMPCO-PITTSBURGH CORP WARRANTS 8/1/25	WARRANT	032037111	2,350	47,000	SH		SOLE		47,000	0	0
ANTERIX INC	EQUITY	03676C100	2,098,270	53,000	SH		SOLE		53,000	0	0
ARKO CORP	EQUITY	041242108	470,250	75,000	SH		SOLE		75,000	0	0
ARLO TECHNOLOGIES INC	EQUITY	04206A101	1,199,680	92,000	SH		SOLE		92,000	0	0
ARRAY TECHNOLOGIES INC 1.000 12/01/28 CVT	BOND CONVERTIBLE	04271TAB6	426,914	528,000	PRN		SOLE		528,000	0	0
ARTESIAN RESOURCES CORP-CL A	EQUITY	043113208	1,118,791	31,820	SH		SOLE		31,820	0	0
ASTEC INDUSTRIES INC	EQUITY	046224101	4,122,740	139,000	SH		SOLE		139,000	0	0
ASTRONICS CORP	EQUITY	046433108	3,825,730	191,000	SH		SOLE		191,000	0	0
ATLANTIC AMERICAN CORP	EQUITY	048209100	33,800	20,000	SH		SOLE		20,000	0	0
ATLANTIC UNION BANKSHARES CO	EQUITY	04911A107	903,375	27,500	SH		SOLE		27,500	0	0
AZZ INC	EQUITY	002474104	733,875	9,500	SH		SOLE		9,500	0	0
BADGER METER INC	EQUITY	056525108	754,718	4,050	SH		SOLE		4,050	0	0
BANK7 CORP	EQUITY	06652N107	313,000	10,000	SH		SOLE		10,000	0	0
BASSETT FURNITURE INDS	EQUITY	070203104	142,100	10,000	SH		SOLE		10,000	0	0
BEASLEY BROADCAST GRP INC -A	EQUITY	074014101	105,200	160,000	SH		SOLE		160,000	0	0
BELLRING BRANDS INC	EQUITY	07831C103	857,100	15,000	SH		SOLE		15,000	0	0
BERKSHIRE HILLS BANCORP INC	EQUITY	084680107	220,248	9,660	SH		SOLE		9,660	0	0
BIG 5 SPORTING GOODS CORP	EQUITY	08915P101	47,360	16,000	SH		SOLE		16,000	0	0
BLOOM ENERGY CORP 3.000 06/01/28 CVT	BOND CONVERTIBLE	093712AK3	193,494	200,000	PRN		SOLE		200,000	0	0
BREAD FINANCIAL HLDGS 4.250 06/15/28 CVT	BOND CONVERTIBLE	018581AN8	266,640	200,000	PRN		SOLE		200,000	0	0
CADENCE BANK	EQUITY	12740C103	203,616	7,200	SH		SOLE		7,200	0	0
CAESARS ENTERTAINMENT INC	EQUITY	12769G100	655,710	16,500	SH		SOLE		16,500	0	0
CALAVO GROWERS INC	EQUITY	128246105	1,180,400	52,000	SH		SOLE		52,000	0	0
CALIFORNIA WATER SERVICE GRP	EQUITY	130788102	1,032,837	21,300	SH		SOLE		21,300	0	0
CAPITAL CITY BANK GROUP INC	EQUITY	139674105	2,269,512	79,800	SH		SOLE		79,800	0	0
CASELLA WASTE SYSTEMS INC-A	EQUITY	147448104	1,785,960	18,000	SH		SOLE		18,000	0	0
CHART INDUSTRIES INC 6.750 12/15/25 SR:B CVT	PREFERRED CONVER	16115Q407	312,620	5,500	SH		SOLE		5,500	0	0
CHEFS' WAREHOUSE THE 2.375 12/15/28 CVT	BOND CONVERTIBLE	163086AE1	221,574	200,000	PRN		SOLE		200,000	0	0
CITIZENS & NORTHERN CORP	EQUITY	172922106	250,460	14,000	SH		SOLE		14,000	0	0
CLEARFIELD INC	EQUITY	18482P103	771,200	20,000	SH		SOLE		20,000	0	0
COLUMBUS MCKINNON CORP/NY	EQUITY	199333105	1,405,778	40,700	SH		SOLE		40,700	0	0
COMMERCIAL VEHICLE GROUP INC	EQUITY	202608105	1,032,077	210,628	SH		SOLE		210,628	0	0
COMTECH TELECOMMUNICATIONS	EQUITY	205826209	72,720	24,000	SH		SOLE		24,000	0	0
CONSOLIDATED WATER CO-ORD SH	EQUITY	G23773107	1,165,106	43,900	SH		SOLE		43,900	0	0
CORE MOLDING TECHNOLOGIES IN	EQUITY	218683100	1,876,138	117,700	SH		SOLE		117,700	0	0
CTS CORP	EQUITY	126501105	4,430,125	87,500	SH		SOLE		87,500	0	0
CUTERA INC	EQUITY	232109108	176,157	116,660	SH		SOLE		116,660	0	0
DAKTRONICS INC	EQUITY	234264109	753,300	54,000	SH		SOLE		54,000	0	0
DANA INC	EQUITY	235825205	448,440	37,000	SH		SOLE		37,000	0	0
DAWSON GEOPHYSICAL CO	EQUITY	239360100	46,800	24,000	SH		SOLE		24,000	0	0
DENNY'S CORP	EQUITY	24869P104	390,500	55,000	SH		SOLE		55,000	0	0
DHI GROUP INC	EQUITY	23331S100	94,050	45,000	SH		SOLE		45,000	0	0
DIGI INTERNATIONAL INC	EQUITY	253798102	229,300	10,000	SH		SOLE		10,000	0	0
DISTRIBUTION SOLUTIONS GROUP	EQUITY	520776105	5,385,000	179,500	SH		SOLE		179,500	0	0
DUCOMMUN INC	EQUITY	264147109	9,132,838	157,300	SH		SOLE		157,300	0	0
EASTERN CO/THE	EQUITY	276317104	6,478,295	254,350	SH		SOLE		254,350	0	0
ELECTROMED INC	EQUITY	285409108	558,244	37,142	SH		SOLE		37,142	0	0
ENERGY RECOVERY INC	EQUITY	29270J100	388,068	29,200	SH		SOLE		29,200	0	0
EW SCRIPPS CO NEW	EQUITY	811054402	1,063,204	338,600	SH		SOLE		338,600	0	0
EXELIXIS INC	EQUITY	30161Q104	1,330,224	59,200	SH		SOLE		59,200	0	0
FARMER BROS CO	EQUITY	307675108	1,226,928	457,809	SH		SOLE		457,809	0	0
FARMERS NATL BANC CORP	EQUITY	309627107	499,600	40,000	SH		SOLE		40,000	0	0
FEDERAL SIGNAL CORP	EQUITY	313855108	1,397,289	16,700	SH		SOLE		16,700	0	0
FIRST INTERNET BANCORP	EQUITY	320557101	540,400	20,000	SH		SOLE		20,000	0	0
FLUSHING FINANCIAL CORP	EQUITY	343873105	4,924,675	374,500	SH		SOLE		374,500	0	0
FNB CORP	EQUITY	302520101	1,012,320	74,000	SH		SOLE		74,000	0	0
FOSTER (LB) CO-A	EQUITY	350060109	3,536,532	164,337	SH		SOLE		164,337	0	0
FREQUENCY ELECTRONICS INC	EQUITY	358010106	91,100	10,000	SH		SOLE		10,000	0	0
FRP HOLDINGS INC	EQUITY	30292L107	1,083,760	38,000	SH		SOLE		38,000	0	0
FS BANCORP INC	EQUITY	30263Y104	1,170,628	32,116	SH		SOLE		32,116	0	0
FUBOTV INC 3.250 02/15/26 CVT	BOND CONVERTIBLE	35953DAB0	215,194	360,000	PRN		SOLE		360,000	0	0
GAMBLING.COM GROUP LTD	EQUITY	G3R239101	780,900	95,000	SH		SOLE		95,000	0	0
GARRETT MOTION INC	EQUITY	366505105	429,500	50,000	SH		SOLE		50,000	0	0
GENCOR INDUSTRIES INC	EQUITY	368678108	8,238,840	426,000	SH		SOLE		426,000	0	0
GENIUS SPORTS LTD	EQUITY	G3934V109	109,000	20,000	SH		SOLE		20,000	0	0
GIBRALTAR INDUSTRIES INC	EQUITY	374689107	4,709,385	68,700	SH		SOLE		68,700	0	0
GLATFELTER CORP	EQUITY	377320106	34,750	25,000	SH		SOLE		25,000	0	0
GOLDEN ENTERTAINMENT INC	EQUITY	381013101	3,552,762	114,200	SH		SOLE		114,200	0	0
GORMAN-RUPP CO	EQUITY	383082104	2,496,280	68,000	SH		SOLE		68,000	0	0
GRAHAM CORP	EQUITY	384556106	2,830,080	100,500	SH		SOLE		100,500	0	0
GRANITE CONSTRUCTION INC	EQUITY	387328107	309,850	5,000	SH		SOLE		5,000	0	0
GRAY TELEVISION INC	EQUITY	389375106	1,290,848	248,240	SH		SOLE		248,240	0	0
GRAY TELEVISION INC-A	EQUITY	389375205	786,480	87,000	SH		SOLE		87,000	0	0
GYRODYNE LLC	EQUITY	403829104	174,437	21,456	SH		SOLE		21,456	0	0
HALOZYME THERAPEUTICS IN 1.000 08/15/28 CVT	BOND CONVERTIBLE	40637HAF6	552,095	500,000	PRN		SOLE		500,000	0	0
HANOVER BANCORP INC/NY	EQUITY	410710206	247,500	15,000	SH		SOLE		15,000	0	0
HAWKINS INC	EQUITY	420261109	3,112,200	34,200	SH		SOLE		34,200	0	0
HERC HOLDINGS INC	EQUITY	42704L104	293,238	2,200	SH		SOLE		2,200	0	0
HOMESTREET INC	EQUITY	43785V102	114,000	10,000	SH		SOLE		10,000	0	0
I3 VERTICALS INC-CLASS A	EQUITY	46571Y107	1,585,145	71,791	SH		SOLE		71,791	0	0
ICC HOLDINGS INC	EQUITY	44931Q104	384,710	17,000	SH		SOLE		17,000	0	0
ICF INTERNATIONAL INC	EQUITY	44925C103	445,380	3,000	SH		SOLE		3,000	0	0
IMAX CORP	EQUITY	45245E109	503,100	30,000	SH		SOLE		30,000	0	0
INFINERA CORP 3.750 08/01/28 CVT	BOND CONVERTIBLE	45667GAG8	546,125	500,000	PRN		SOLE		500,000	0	0
INFUSYSTEM HOLDINGS INC	EQUITY	45685K102	1,331,850	195,000	SH		SOLE		195,000	0	0
INNOVATE CORP	EQUITY	45784J105	178,801	295,734	SH		SOLE		295,734	0	0
INNOVATIVE SOLUTIONS & SUPP	EQUITY	45769N105	579,000	96,500	SH		SOLE		96,500	0	0
INSPIRED ENTERTAINMENT INC	EQUITY	45782N108	2,223,450	243,000	SH		SOLE		243,000	0	0
INTEVAC INC	EQUITY	461148108	1,171,510	303,500	SH		SOLE		303,500	0	0
JAZZ INVESTMENTS I LTD 2.000 06/15/26 CVT	BOND CONVERTIBLE	472145AF8	192,844	200,000	PRN		SOLE		200,000	0	0
JOHN BEAN TECHNOLOGIES CORP	EQUITY	477839104	664,790	7,000	SH		SOLE		7,000	0	0
KIMBALL ELECTRONICS INC	EQUITY	49428J109	674,786	30,700	SH		SOLE		30,700	0	0
KKR & CO INC	EQUITY	48251W104	4,209,600	40,000	SH		SOLE		40,000	0	0
LANDS' END INC	EQUITY	51509F105	326,160	24,000	SH		SOLE		24,000	0	0
LEE ENTERPRISES	EQUITY	523768406	288,860	26,000	SH		SOLE		26,000	0	0
LEGACY HOUSING CORP	EQUITY	52472M101	1,605,800	70,000	SH		SOLE		70,000	0	0
LEMAITRE VASCULAR INC	EQUITY	525558201	452,540	5,500	SH		SOLE		5,500	0	0
LIBERTY MEDIA CORP 2.250 08/15/27 CVT	BOND CONVERTIBLE	531229AQ5	316,911	300,000	PRN		SOLE		300,000	0	0
LIFETIME BRANDS INC	EQUITY	53222Q103	1,795,310	209,000	SH		SOLE		209,000	0	0
LIFEWAY FOODS INC	EQUITY	531914109	150,686	11,800	SH		SOLE		11,800	0	0
LIMONEIRA CO	EQUITY	532746104	3,138,148	150,800	SH		SOLE		150,800	0	0
LIVE NATION ENTERTAINMEN 3.125 01/15/29 CVT	BOND CONVERTIBLE	538034BA6	557,320	500,000	PRN		SOLE		500,000	0	0
LUMENTUM HOLDINGS INC 1.500 12/15/29 CVT	BOND CONVERTIBLE	55024UAH2	193,272	200,000	PRN		SOLE		200,000	0	0
MANITOWOC COMPANY INC	EQUITY	563571405	201,775	17,500	SH		SOLE		17,500	0	0
MARCUS CORPORATION	EQUITY	566330106	795,900	70,000	SH		SOLE		70,000	0	0
MARINE PRODUCTS CORP	EQUITY	568427108	2,807,800	278,000	SH		SOLE		278,000	0	0
MARINEMAX INC	EQUITY	567908108	210,405	6,500	SH		SOLE		6,500	0	0
MATERIALISE NV-ADR	DEPOSITORY RECEI	57667T100	50,100	10,000	SH		SOLE		10,000	0	0
MEDALLION FINANCIAL CORP	EQUITY	583928106	675,840	88,000	SH		SOLE		88,000	0	0
MESA LABORATORIES INC	EQUITY	59064R109	260,310	3,000	SH		SOLE		3,000	0	0
MIDDLEBY CORP	EQUITY	596278101	1,633,165	13,320	SH		SOLE		13,320	0	0
MIDDLESEX WATER CO	EQUITY	596680108	261,300	5,000	SH		SOLE		5,000	0	0
MINERALS TECHNOLOGIES INC	EQUITY	603158106	415,800	5,000	SH		SOLE		5,000	0	0
MITEK SYSTEMS INC	EQUITY	606710200	1,453,400	130,000	SH		SOLE		130,000	0	0
MODINE MANUFACTURING CO	EQUITY	607828100	500,950	5,000	SH		SOLE		5,000	0	0
MOTORCAR PARTS OF AMERICA IN	EQUITY	620071100	64,785	10,500	SH		SOLE		10,500	0	0
MOVADO GROUP INC	EQUITY	624580106	599,126	24,100	SH		SOLE		24,100	0	0
MSA SAFETY INC	EQUITY	553498106	1,219,985	6,500	SH		SOLE		6,500	0	0
MYERS INDUSTRIES INC	EQUITY	628464109	5,927,340	443,000	SH		SOLE		443,000	0	0
MYR GROUP INC/DELAWARE	EQUITY	55405W104	949,970	7,000	SH		SOLE		7,000	0	0
NABORS INDUSTRIES INC 1.750 06/15/29 CVT	BOND CONVERTIBLE	62957HAL9	182,720	250,000	PRN		SOLE		250,000	0	0
NAPCO SECURITY TECHNOLOGIES	EQUITY	630402105	259,750	5,000	SH		SOLE		5,000	0	0
NATHAN'S FAMOUS INC	EQUITY	632347100	11,409,950	168,338	SH		SOLE		168,338	0	0
NATURAL GROCERS BY VITAMIN C	EQUITY	63888U108	339,200	16,000	SH		SOLE		16,000	0	0
NAVIGATOR HOLDINGS LTD	EQUITY	Y62132108	1,711,080	98,000	SH		SOLE		98,000	0	0
NEOGEN CORP	EQUITY	640491106	3,014,402	192,860	SH		SOLE		192,860	0	0
NEOGENOMICS INC	EQUITY	64049M209	769,785	55,500	SH		SOLE		55,500	0	0
NEURONETICS INC	EQUITY	64131A105	32,400	18,000	SH		SOLE		18,000	0	0
NEXTERA ENERGY INC 6.926 09/01/25 CVT	PREFERRED CONVER	65339F713	207,450	5,000	SH		SOLE		5,000	0	0
NORTHERN OIL & GAS INC 3.625 04/15/29 CVT	BOND CONVERTIBLE	665531AJ8	466,804	400,000	PRN		SOLE		400,000	0	0
NORTHRIM BANCORP INC	EQUITY	666762109	241,915	4,197	SH		SOLE		4,197	0	0
OIL-DRI CORP OF AMERICA	EQUITY	677864100	672,945	10,500	SH		SOLE		10,500	0	0
ON SEMICONDUCTOR CORP 0.500 03/01/29 CVT	BOND CONVERTIBLE	682189AU9	383,696	400,000	PRN		SOLE		400,000	0	0
OOMA INC	EQUITY	683416101	397,200	40,000	SH		SOLE		40,000	0	0
OPENLANE INC	EQUITY	48238T109	514,290	31,000	SH		SOLE		31,000	0	0
OPKO HEALTH INC	EQUITY	68375N103	187,500	150,000	SH		SOLE		150,000	0	0
OPTION CARE HEALTH INC	EQUITY	68404L201	581,700	21,000	SH		SOLE		21,000	0	0
ORTHOFIX MEDICAL INC	EQUITY	68752M108	274,482	20,700	SH		SOLE		20,700	0	0
PARK AEROSPACE CORP	EQUITY	70014A104	824,904	60,300	SH		SOLE		60,300	0	0
PARK-OHIO HOLDINGS CORP	EQUITY	700666100	4,724,925	182,500	SH		SOLE		182,500	0	0
PITNEY BOWES INC	EQUITY	724479100	254,000	50,000	SH		SOLE		50,000	0	0
PLAYAGS INC	EQUITY	72814N104	371,450	32,300	SH		SOLE		32,300	0	0
PLAYSTUDIOS INC	EQUITY	72815G108	50,922	24,600	SH		SOLE		24,600	0	0
PPL CAPITAL FUNDING INC 2.875 03/15/28 CVT	BOND CONVERTIBLE	69352PAS2	479,235	500,000	PRN		SOLE		500,000	0	0
PRIMIS FINANCIAL CORP	EQUITY	74167B109	157,200	15,000	SH		SOLE		15,000	0	0
PRIMO WATER CORP	EQUITY	74167P108	327,900	15,000	SH		SOLE		15,000	0	0
READING INTERNATIONAL INC-A	EQUITY	755408101	300,756	211,800	SH		SOLE		211,800	0	0
READING INTERNATIONAL INC-B	EQUITY	755408200	996,960	74,400	SH		SOLE		74,400	0	0
REDWOOD TRUST INC 7.750 06/15/27 CVT	BOND CONVERTIBLE	758075AF2	243,420	250,000	PRN		SOLE		250,000	0	0
RENASANT CORP	EQUITY	75970E107	932,386	30,530	SH		SOLE		30,530	0	0
RGC RESOURCES INC	EQUITY	74955L103	1,840,705	90,010	SH		SOLE		90,010	0	0
RPC INC	EQUITY	749660106	362,500	58,000	SH		SOLE		58,000	0	0
RUSH ENTERPRISES INC - CL B	EQUITY	781846308	3,088,188	78,700	SH		SOLE		78,700	0	0
RUSH ENTERPRISES INC-CL A	EQUITY	781846209	418,700	10,000	SH		SOLE		10,000	0	0
RUSH STREET INTERACTIVE INC	EQUITY	782011100	104,531	10,900	SH		SOLE		10,900	0	0
S&W SEED CO	EQUITY	785135104	23,400	65,000	SH		SOLE		65,000	0	0
SANDY SPRING BANCORP INC	EQUITY	800363103	762,468	31,300	SH		SOLE		31,300	0	0
SAREPTA THERAPEUTICS INC 1.250 09/15/27 CVT	BOND CONVERTIBLE	803607AD2	323,275	250,000	PRN		SOLE		250,000	0	0
SILVERCREST ASSET MANAGEME-A	EQUITY	828359109	1,067,915	68,500	SH		SOLE		68,500	0	0
SINCLAIR INC	EQUITY	829242106	426,560	32,000	SH		SOLE		32,000	0	0
SKYLINE CHAMPION CORP	EQUITY	830830105	995,925	14,700	SH		SOLE		14,700	0	0
SKYWATER TECHNOLOGY INC	EQUITY	83089J108	638,217	83,427	SH		SOLE		83,427	0	0
SOUTHERN FIRST BANCSHARES	EQUITY	842873101	1,052,640	36,000	SH		SOLE		36,000	0	0
SOUTHSTATE CORP	EQUITY	840441109	603,718	7,900	SH		SOLE		7,900	0	0
SPORTSMAN'S WAREHOUSE HOLDIN	EQUITY	84920Y106	161,470	67,000	SH		SOLE		67,000	0	0
STANDARD MOTOR PRODS	EQUITY	853666105	1,073,151	38,700	SH		SOLE		38,700	0	0
STANDEX INTERNATIONAL CORP	EQUITY	854231107	1,031,360	6,400	SH		SOLE		6,400	0	0
STEEL PARTNERS HOLDINGS LP	EQUITY UNIT	85814R107	465,359	12,500	SH		SOLE		12,500	0	0
STELLAR BANCORP INC	EQUITY	858927106	1,457,960	63,500	SH		SOLE		63,500	0	0
STERIS PLC	EQUITY	G8473T100	241,494	1,100	SH		SOLE		1,100	0	0
STONERIDGE INC	EQUITY	86183P102	829,920	52,000	SH		SOLE		52,000	0	0
STRIDE INC 1.125 09/01/27 CVT	BOND CONVERTIBLE	86333MAA6	574,864	400,000	PRN		SOLE		400,000	0	0
SUNNOVA ENERGY INTL INC 2.625 02/15/28 CVT	BOND CONVERTIBLE	86745KAH7	249,403	700,000	PRN		SOLE		700,000	0	0
SURMODICS INC	EQUITY	868873100	1,114,060	26,500	SH		SOLE		26,500	0	0
TEJON RANCH CO	EQUITY	879080109	1,552,460	91,000	SH		SOLE		91,000	0	0
TENNANT CO	EQUITY	880345103	1,328,940	13,500	SH		SOLE		13,500	0	0
TITAN INTERNATIONAL INC	EQUITY	88830M102	151,905	20,500	SH		SOLE		20,500	0	0
TITAN MACHINERY INC	EQUITY	88830R101	1,372,170	86,300	SH		SOLE		86,300	0	0
TKO GROUP HOLDINGS INC	EQUITY	87256C101	1,123,096	10,400	SH		SOLE		10,400	0	0
TOWNSQUARE MEDIA INC - CL A	EQUITY	892231101	1,437,952	131,200	SH		SOLE		131,200	0	0
TRANSACT TECHNOLOGIES INC	EQUITY	892918103	122,525	32,500	SH		SOLE		32,500	0	0
TREDEGAR CORP	EQUITY	894650100	589,170	123,000	SH		SOLE		123,000	0	0
TRINITY PLACE HOLDINGS INC	EQUITY	89656D101	5,850	50,000	SH		SOLE		50,000	0	0
TRUSTCO BANK CORP NY	EQUITY	898349204	287,988	10,010	SH		SOLE		10,010	0	0
TWIN DISC INC	EQUITY	901476101	1,213,340	103,000	SH		SOLE		103,000	0	0
TYLER TECHNOLOGIES INC	EQUITY	902252105	502,780	1,000	SH		SOLE		1,000	0	0
ULTRA CLEAN HOLDINGS INC	EQUITY	90385V107	2,744,000	56,000	SH		SOLE		56,000	0	0
ULTRALIFE CORP	EQUITY	903899102	1,178,820	111,000	SH		SOLE		111,000	0	0
UNITED BANKSHARES INC	EQUITY	909907107	259,520	8,000	SH		SOLE		8,000	0	0
UNITED GUARDIAN INC	EQUITY	910571108	583,433	65,261	SH		SOLE		65,261	0	0
UNIVERSAL TECHNICAL INSTITUT	EQUITY	913915104	1,250,535	79,500	SH		SOLE		79,500	0	0
VALLEY NATIONAL BANCORP	EQUITY	919794107	307,120	44,000	SH		SOLE		44,000	0	0
VALUE LINE INC	EQUITY	920437100	1,369,626	31,800	SH		SOLE		31,800	0	0
VIAD CORP	EQUITY	92552R406	1,190,000	35,000	SH		SOLE		35,000	0	0
VILLAGE SUPER MARKET-CLASS A	EQUITY	927107409	1,188,450	45,000	SH		SOLE		45,000	0	0
VISHAY PRECISION GROUP	EQUITY	92835K103	1,583,245	52,012	SH		SOLE		52,012	0	0
WABASH NATIONAL CORP	EQUITY	929566107	1,037,400	47,500	SH		SOLE		47,500	0	0
WASHINGTON TRUST BANCORP	EQUITY	940610108	1,107,638	40,410	SH		SOLE		40,410	0	0
WATERSTONE FINANCIAL INC	EQUITY	94188P101	805,770	63,000	SH		SOLE		63,000	0	0
WESTERN NEW ENGLAND BANCORP	EQUITY	958892101	516,000	75,000	SH		SOLE		75,000	0	0
WILLAMETTE VALLEY VINEYARDS	EQUITY	969136100	90,390	23,000	SH		SOLE		23,000	0	0
WILLDAN GROUP INC	EQUITY	96924N100	1,211,700	42,000	SH		SOLE		42,000	0	0
WINNEBAGO INDUSTRIES	EQUITY	974637100	1,289,960	23,800	SH		SOLE		23,800	0	0
WOLFSPEED INC 1.875 12/01/29 CVT	BOND CONVERTIBLE	977852AD4	334,608	600,000	PRN		SOLE		600,000	0	0
YORK WATER CO	EQUITY	987184108	1,396,809	37,660	SH		SOLE		37,660	0	0
ZIMVIE INC	EQUITY	98888T107	1,022,000	56,000	SH		SOLE		56,000	0	0