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 2/15/25	CONVERTIBLE BOND	44933TAB2	1,167	1,250,000	PRN		SOLE		1,250,000	0	0
1 800 FLOWERS COM INC CL A	COM	68243Q106	1,446	152,000	SH		SOLE		152,000	0	0
A10 NETWORKS INC COM	COM	002121101	1,093	76,000	SH		SOLE		76,000	0	0
ACCURAY INC COM	COM	004397105	108	55,000	SH		SOLE		55,000	0	0
ACME UTD CORP COM	COM	004816104	1,742	55,000	SH		SOLE		55,000	0	0
AEROJET ROCKETDYNE HOLDINGS	COM	007800105	20,970	516,500	SH		SOLE		516,500	0	0
AKAM 0.375 09/01/27 CVT	CONVERTIBLE BOND	00971TAL5	299	300,000	PRN		SOLE		300,000	0	0
ALITHYA GROUP INC CL A SUB VTG	COM	01643B106	1,742	722,821	SH		SOLE		722,821	0	0
ALLEGIANCE BANCSHARES INC COM	COM	01748H107	1,775	47,000	SH		SOLE		47,000	0	0
ALLIED MOTION TECHNOLOGIES ICO	COM	019330109	3,128	136,960	SH		SOLE		136,960	0	0
AMERICAN OUTDOOR BRANDS INC CO	COM	02875D109	913	96,000	SH		SOLE		96,000	0	0
AMERICAN SOFTWARE INC CL A	COM	029683109	2,327	144,000	SH		SOLE		144,000	0	0
AMPCO PITTSBURGH CORP	COM	032037103	519	134,016	SH		SOLE		134,016	0	0
AMPCO-PITTSBURG CORP WT A EXP	WARRANT AND RIGH	032037111	20	47,000	SH		SOLE		47,000	0	0
ANIKA THERAPEUTICS INC COM	COM	035255108	491	22,000	SH		SOLE		22,000	0	0
ANTERIX INC COM	COM	03676C100	2,156	52,500	SH		SOLE		52,500	0	0
APTV 5 1/2 6/15/23	CONVERTIBLE PREF	G6095L117	938	8,875	SH		SOLE		8,875	0	0
ARC DOCUMENT SOLUTIONS INC COM	COM	00191G103	132	50,000	SH		SOLE		50,000	0	0
ARLO TECHNOLOGIES INC COM	COM	04206A101	922	147,000	SH		SOLE		147,000	0	0
ARMSTRONG FLOORING INC COM	COM	04238R106	6	20,000	SH		SOLE		20,000	0	0
ARTESIAN RES CORP COM CL A	COM	043113208	1,717	34,926	SH		SOLE		34,926	0	0
ASTEC INDS INC COM	COM	046224101	8,931	219,000	SH		SOLE		219,000	0	0
ASTRONICS CORP COM	COM	046433108	2,065	203,000	SH		SOLE		203,000	0	0
ATLANTIC AMERN CORP COM	COM	048209100	59	22,000	SH		SOLE		22,000	0	0
ATLANTIC UN BANKSHARES CORP CO	COM	04911A107	1,416	41,744	SH		SOLE		41,744	0	0
ATLAS AIR WORLDWIDE 1.875 06/	CONVERTIBLE BOND	049164BJ4	585	500,000	PRN		SOLE		500,000	0	0
AVGO 8 9/30/22	CONVERTIBLE PREF	11135F200	1,529	1,005	SH		SOLE		1,005	0	0
AVID TECHNOLOGY INC	COM	05367P100	1,168	45,000	SH		SOLE		45,000	0	0
AZZ INC COM	COM	002474104	694	17,000	SH		SOLE		17,000	0	0
BADGER METER INC COM	COM	056525108	1,917	23,700	SH		SOLE		23,700	0	0
BALLYS CORPORATION COM	COM	05875B106	850	42,964	SH		SOLE		42,964	0	0
BAND 1/4 3/1/26	CONVERTIBLE BOND	05988JAB9	840	1,200,000	PRN		SOLE		1,200,000	0	0
BANK7 CORP COM	COM	06652N107	315	13,800	SH		SOLE		13,800	0	0
BASSETT FURNITURE INDS	COM	070203104	1,087	60,000	SH		SOLE		60,000	0	0
BE 2 1/2 8/15/25	CONVERTIBLE BOND	093712AH0	598	485,000	PRN		SOLE		485,000	0	0
BEASLEY BROADCAST GRP INC.	COM	074014101	531	415,000	SH		SOLE		415,000	0	0
BELLRING DISTR LLC COMMON STOC	COM	07831C103	373	15,000	SH		SOLE		15,000	0	0
BERKSHIRE HILLS BANCORP INC CO	COM	084680107	279	11,275	SH		SOLE		11,275	0	0
BIG 5 SPORTING GOODS CORP COM	COM	08915P101	179	16,000	SH		SOLE		16,000	0	0
BL 1/8 8/1/24	CONVERTIBLE BOND	09239BAB5	386	350,000	PRN		SOLE		350,000	0	0
BOYD GAMING CORP	COM	103304101	995	20,000	SH		SOLE		20,000	0	0
BRIDGE BANCORP INC COM	COM	25432X102	626	21,111	SH		SOLE		21,111	0	0
CADENCE BANK	COM	12740C103	346	14,740	SH		SOLE		14,740	0	0
CADIZ INC	COM	127537207	23	10,000	SH		SOLE		10,000	0	0
CAESARS ENTERTAINMENT INC COM	COM	12769G100	823	21,500	SH		SOLE		21,500	0	0
CALAVO GROWERS INC COM	COM	128246105	2,253	54,000	SH		SOLE		54,000	0	0
CALIFORNIA WTR SVC GROUP COM	COM	130788102	1,311	23,600	SH		SOLE		23,600	0	0
CAPITAL CITY BK GROUP INC COM	COM	139674105	2,281	81,800	SH		SOLE		81,800	0	0
CAPITOL FEDERAL FINANCIAL INC	COM	14057J101	92	10,000	SH		SOLE		10,000	0	0
CARDIOVASCULAR SYS INC DEL COM	COM	141619106	1,244	86,660	SH		SOLE		86,660	0	0
CARDLYTICS INC COM	COM	14161W105	312	14,000	SH		SOLE		14,000	0	0
CASELLA WASTE SYS INC CL A	COM	147448104	4,746	65,300	SH		SOLE		65,300	0	0
CAVCO INDUSTRIES	COM	149568107	4,790	24,440	SH		SOLE		24,440	0	0
CDLX 1 9/15/25	CONVERTIBLE BOND	14161WAB1	779	1,030,000	PRN		SOLE		1,030,000	0	0
CHASE CORP	COM	16150R104	2,996	38,500	SH		SOLE		38,500	0	0
CHESAPEAKE UTILS CORP COM	COM	165303108	1,189	9,180	SH		SOLE		9,180	0	0
CHRS 1 1/2 4/15/26	CONVERTIBLE BOND	19249HAB9	166	255,000	PRN		SOLE		255,000	0	0
CHURCHILL DOWNS INC COM	COM	171484108	803	4,190	SH		SOLE		4,190	0	0
CIRCOR INTL INC COM	COM	17273K109	1,184	72,266	SH		SOLE		72,266	0	0
CITIZENS & NORTHN CORP COM	COM	172922106	400	16,560	SH		SOLE		16,560	0	0
CNMD 2 5/8 2/1/24	CONVERTIBLE BOND	207410AF8	423	350,000	PRN		SOLE		350,000	0	0
COLUMBUS MCKINNON CORP N Y COM	COM	199333105	2,250	79,300	SH		SOLE		79,300	0	0
COMMERCIAL VEH GROUP INC COM	COM	202608105	1,781	304,993	SH		SOLE		304,993	0	0
COMSCORE INC	COM	20564W105	31	15,000	SH		SOLE		15,000	0	0
COMTECH TELECOMMUNICATIONS CCO	COM	205826209	1,370	151,000	SH		SOLE		151,000	0	0
CONFORMIS INC COM	COM	20717E101	65	185,000	SH		SOLE		185,000	0	0
CONSOLIDATED WATER CO LTD ORD	COM	G23773107	885	61,000	SH		SOLE		61,000	0	0
CORE MOLDING TECH COM	COM	218683100	1,558	169,500	SH		SOLE		169,500	0	0
CTS CORP	COM	126501105	8,498	249,580	SH		SOLE		249,580	0	0
CUTERA INC COM	COM	232109108	9,062	241,660	SH		SOLE		241,660	0	0
CUTR 2 1/4 3/15/26	CONVERTIBLE BOND	232109AB4	398	300,000	PRN		SOLE		300,000	0	0
DAKTRONICS INC COM	COM	234264109	138	46,000	SH		SOLE		46,000	0	0
DANA HOLDING CORP COM	COM	235825205	668	47,500	SH		SOLE		47,500	0	0
DAWSON GEOPHYSICAL CO NEW COM	COM	239360100	32	24,000	SH		SOLE		24,000	0	0
DBX 0 3/1/28	CONVERTIBLE BOND	26210CAD6	443	500,000	PRN		SOLE		500,000	0	0
DENNYS CORP COM	COM	24869P104	495	57,000	SH		SOLE		57,000	0	0
DHI GROUP INC COM	COM	23331S100	224	45,000	SH		SOLE		45,000	0	0
DHR 5 4/15/23	CONVERTIBLE PREF	235851409	670	500	SH		SOLE		500	0	0
DIEBOLD NIXDORF	COM	253651103	772	340,000	SH		SOLE		340,000	0	0
DIGI INTL INC COM	COM	253798102	3,270	135,000	SH		SOLE		135,000	0	0
DISH 3 3/8 8/15/26	CONVERTIBLE BOND	25470MAB5	302	450,000	PRN		SOLE		450,000	0	0
DISTRIBUTION SOLUTIONS GROUP	COM	520776105	11,018	214,400	SH		SOLE		214,400	0	0
DUCOMMUN INC DEL COM	COM	264147109	7,770	180,540	SH		SOLE		180,540	0	0
EASTERN CO COM	COM	276317104	6,061	298,000	SH		SOLE		298,000	0	0
ELAN 5.000 02/01/23	CONVERTIBLE PREF	28414H202	313	9,795	SH		SOLE		9,795	0	0
ELECTROMED INC COM	COM	285409108	339	35,142	SH		SOLE		35,142	0	0
ELY 2 3/4 5/1/26	CORPORATE BONDS	131193AE4	486	360,000	PRN		SOLE		360,000	0	0
ENERGY RECOVERY INC	COM	29270J100	583	30,000	SH		SOLE		30,000	0	0
EXACT SCIENCES 0.375 03/01/28	CONVERTIBLE BOND	30063PAC9	691	1,000,000	PRN		SOLE		1,000,000	0	0
EXELIXIS INC COM	COM	30161Q104	1,291	62,000	SH		SOLE		62,000	0	0
EXTREME NETWORKS INC COM	COM	30226D106	1,516	170,000	SH		SOLE		170,000	0	0
EYE 2 1/2 5/15/25	CONVERTIBLE BOND	63845RAB3	412	365,000	PRN		SOLE		365,000	0	0
F N B CORP PA COM	COM	302520101	804	74,000	SH		SOLE		74,000	0	0
FARMER BROS CO	COM	307675108	2,214	472,000	SH		SOLE		472,000	0	0
FARMERS NATL BANC CORP COM	COM	309627107	600	40,000	SH		SOLE		40,000	0	0
FEDERAL SIGNAL CORP COM	COM	313855108	3,916	110,000	SH		SOLE		110,000	0	0
FIRST INTERNET BANCORP COM	COM	320557101	974	26,440	SH		SOLE		26,440	0	0
FLUSHING FINL CORP COM	COM	343873105	8,319	391,300	SH		SOLE		391,300	0	0
FOSTER L B CO COM	COM	350060109	2,162	168,000	SH		SOLE		168,000	0	0
FOUR 0 12/15/25	CORPORATE BONDS	82452JAB5	811	1,000,000	PRN		SOLE		1,000,000	0	0
FREQUENCY ELECTRS INC COM	COM	358010106	110	15,000	SH		SOLE		15,000	0	0
FRP HLDGS INC COM	COM	30292L107	1,316	21,800	SH		SOLE		21,800	0	0
FS BANCORP INC COM	COM	30263Y104	922	32,116	SH		SOLE		32,116	0	0
GAMBLING.COM GROUP LTD	COM	G3R239101	1,527	194,000	SH		SOLE		194,000	0	0
GAN LTD ORD SHS	COM	G3728V109	181	61,000	SH		SOLE		61,000	0	0
GARRETT MOTION INC	COM	366505105	271	35,000	SH		SOLE		35,000	0	0
GENCOR INDS INC COM	COM	368678108	4,837	476,037	SH		SOLE		476,037	0	0
GENIUS SPORTS LTD	COM	G3934V109	187	83,000	SH		SOLE		83,000	0	0
GENTHERM INC COM	COM	37253A103	761	12,190	SH		SOLE		12,190	0	0
GIBRALTER INDUSTRIES INC	COM	374689107	3,701	95,500	SH		SOLE		95,500	0	0
GOLDEN ENTERTAINMENT INC	COM	381013101	4,884	123,500	SH		SOLE		123,500	0	0
GORMAN RUPP CO	COM	383082104	2,434	86,000	SH		SOLE		86,000	0	0
GRAHAM CORP COM	COM	384556106	619	89,500	SH		SOLE		89,500	0	0
GRAY TELEVISION, INC	COM	389375106	4,073	241,120	SH		SOLE		241,120	0	0
GRAY TELEVISION, INC CL A	COM	389375205	1,366	86,293	SH		SOLE		86,293	0	0
GRIFFON CORP COM	COM	398433102	9,595	342,313	SH		SOLE		342,313	0	0
GTY GOVTECH INC	COM	362409104	275	44,000	SH		SOLE		44,000	0	0
GYRODYNE LLC COM	COM	403829104	194	16,138	SH		SOLE		16,138	0	0
HANOVER BANCORP INC/NY	COM	410710206	307	15,000	SH		SOLE		15,000	0	0
HAWKINS INC COM	COM	420261109	2,624	72,840	SH		SOLE		72,840	0	0
HERC HLDGS INC COM	COM	42704L104	541	6,000	SH		SOLE		6,000	0	0
HOMESTREET INC COM	COM	43785V102	946	27,300	SH		SOLE		27,300	0	0
I3 VERTICALS INC COM CL A	COM	46571Y107	2,877	115,000	SH		SOLE		115,000	0	0
IAA SPINCO INC COM	COM	449253103	442	13,500	SH		SOLE		13,500	0	0
ICC HOLDINGS INC	COM	44931Q104	272	17,000	SH		SOLE		17,000	0	0
ICF INTL INC COM	COM	44925C103	1,879	19,780	SH		SOLE		19,780	0	0
IMAX CORP COM	COM	45245E109	507	30,000	SH		SOLE		30,000	0	0
INDUS REALTY TRUST INC	COM	45580R103	14,317	241,193	SH		SOLE		241,193	0	0
INFN 2 1/2 3/1/2027	CORPORATE BONDS	45667GAE3	749	750,000	PRN		SOLE		750,000	0	0
INFUSYSTEM HLDGS INC COM	COM	45685K102	1,878	195,000	SH		SOLE		195,000	0	0
INGLES MKTS INC CL A	COM	457030104	4,185	48,240	SH		SOLE		48,240	0	0
INN 1 1/2 2/15/26	CONVERTIBLE BOND	866082AA8	331	385,000	PRN		SOLE		385,000	0	0
INNOVATE CORP	COM	45784J105	519	300,000	SH		SOLE		300,000	0	0
INNOVATIVE SOLUTIONS & SUPPOCO	COM	45769N105	763	106,000	SH		SOLE		106,000	0	0
INSPIRED ENTMT INC COM	COM	45782N108	3,063	355,721	SH		SOLE		355,721	0	0
INTEGER HOLDINGS CORP	COM	45826H109	1,535	21,730	SH		SOLE		21,730	0	0
INTEVAC INC COM	COM	461148108	1,065	220,000	SH		SOLE		220,000	0	0
INVITAE CORP COM	COM	46185L103	28	11,500	SH		SOLE		11,500	0	0
IRIDIUM COMMUNICATIONS INC COM	COM	46269C102	338	9,000	SH		SOLE		9,000	0	0
ISPECIMEN INC COM	COM	45032V108	87	40,000	SH		SOLE		40,000	0	0
IVC 4 1/4 3/15/26	CONVERTIBLE BOND	461203AQ4	184	365,000	PRN		SOLE		365,000	0	0
J & J SNACK FOODS CORP	COM	466032109	209	1,500	SH		SOLE		1,500	0	0
JBLU 0 1/2 4/1/26	CONVERTIBLE BOND	477143AP6	498	680,000	PRN		SOLE		680,000	0	0
JOHN BEAN TECHNOLOGIES CORP CO	COM	477839104	1,380	12,500	SH		SOLE		12,500	0	0
JOHNSON OUTDOORS INC CL A	COM	479167108	306	5,000	SH		SOLE		5,000	0	0
KAMAN CORP	COM	483548103	4,370	139,830	SH		SOLE		139,830	0	0
KAR AUCTION SVCS INC COM	COM	48238T109	470	31,800	SH		SOLE		31,800	0	0
KIMBALL ELECTRONICS INC COM	COM	49428J109	712	35,400	SH		SOLE		35,400	0	0
KIMBALL INTL INC CL B	COM	494274103	1,956	255,000	SH		SOLE		255,000	0	0
KKR & CO INC CL A	COM	48251W104	2,893	62,500	SH		SOLE		62,500	0	0
LA Z BOY CHAIR CO	COM	505336107	782	33,000	SH		SOLE		33,000	0	0
LANDS END INC NEW COM	COM	51509F105	223	21,000	SH		SOLE		21,000	0	0
LEE ENTERPRISES INC COM	COM	523768406	323	17,000	SH		SOLE		17,000	0	0
LEGACY HOUSING CORP COM	COM	52472M101	1,053	80,700	SH		SOLE		80,700	0	0
LEMAITRE VASCULAR INC COM	COM	525558201	251	5,500	SH		SOLE		5,500	0	0
LIFETIME BRANDS INC COM	COM	53222Q103	2,828	256,175	SH		SOLE		256,175	0	0
LIMONEIRA CO COM	COM	532746104	3,269	232,000	SH		SOLE		232,000	0	0
LINDSAY CORP	COM	535555106	661	4,980	SH		SOLE		4,980	0	0
LITE 1/2 12/15/26	CONVERTIBLE BOND	55024UAD1	513	500,000	PRN		SOLE		500,000	0	0
LLNW 3 1/2 8/1/25	CORPORATE BONDS	53261MAB0	627	700,000	PRN		SOLE		700,000	0	0
LRN 1 1/8 9/1/27	CONVERTIBLE BOND	86333MAA6	1,094	1,100,000	PRN		SOLE		1,100,000	0	0
LUV 1 1/4 5/1/25	CONVERTIBLE BOND	844741BG2	1,180	1,000,000	PRN		SOLE		1,000,000	0	0
MANITOWOC CO INC COM NEW	COM	563571405	152	14,400	SH		SOLE		14,400	0	0
MARCUS CORP COM	COM	566330106	1,071	72,500	SH		SOLE		72,500	0	0
MARINE PRODS CORP COM	COM	568427108	3,804	400,000	SH		SOLE		400,000	0	0
MARINEMAX INC COM	COM	567908108	488	13,500	SH		SOLE		13,500	0	0
MATERIALISE NV SPONSORED ADS	COM	57667T100	136	10,000	SH		SOLE		10,000	0	0
MEDALLION FINANCIAL CORP	COM	583928106	704	110,000	SH		SOLE		110,000	0	0
MELI 2 8/15/28	CONVERTIBLE BOND	58733RAD4	490	300,000	PRN		SOLE		300,000	0	0
MERIDIAN BIOSCIENCE INC COM	COM	589584101	761	25,000	SH		SOLE		25,000	0	0
MESA LABS INC COM	COM	59064R109	1,020	5,000	SH		SOLE		5,000	0	0
METHODE ELECTRS INC CL A	COM	591520200	770	20,800	SH		SOLE		20,800	0	0
MIDDLEBY CORP COM	COM	596278101	2,347	18,720	SH		SOLE		18,720	0	0
MIDDLESEX WTR CO COM	COM	596680108	592	6,752	SH		SOLE		6,752	0	0
MINERALS TECHNOLOGIES INC	COM	603158106	215	3,500	SH		SOLE		3,500	0	0
MITEK SYS INC COM NEW	COM	606710200	1,266	137,000	SH		SOLE		137,000	0	0
MODINE MFG CO	COM	607828100	3,738	355,000	SH		SOLE		355,000	0	0
MONEYGRAM INTERNATIONAL INC CO	COM	60935Y208	1,830	183,000	SH		SOLE		183,000	0	0
MOTORCAR PTS & ACCESSORS INCCO	COM	620071100	236	18,000	SH		SOLE		18,000	0	0
MOVADO GROUP INC COM	COM	624580106	1,778	57,500	SH		SOLE		57,500	0	0
MSA SAFETY INC COM	COM	553498106	969	8,000	SH		SOLE		8,000	0	0
MYERS INDS INC	COM	628464109	17,295	760,870	SH		SOLE		760,870	0	0
MYR GROUP INC DEL COM	COM	55405W104	2,001	22,700	SH		SOLE		22,700	0	0
NAPCO SEC SYS INC COM	COM	630402105	865	42,000	SH		SOLE		42,000	0	0
NATHANS FAMOUS INC NEW COM	COM	632347100	12,928	220,734	SH		SOLE		220,734	0	0
NATURAL GROCERS BY VITAMIN CCO	COM	63888U108	175	11,000	SH		SOLE		11,000	0	0
NAUTILUS INC	COM	63910B102	19	11,000	SH		SOLE		11,000	0	0
NAVIGATOR HOLDINGS LTD SHS	COM	Y62132108	1,135	100,530	SH		SOLE		100,530	0	0
NCLH 5 3/8 8/1/25	CORPORATE BONDS	62886HAX9	531	550,000	PRN		SOLE		550,000	0	0
NEE 5.279 3/1/23	CONVERTIBLE PREF	65339F770	456	9,200	SH		SOLE		9,200	0	0
NEOGEN CORP COM	COM	640491106	5,107	212,000	SH		SOLE		212,000	0	0
NEOGENOMICS INC COM NEW	COM	64049M209	493	60,500	SH		SOLE		60,500	0	0
NEURONETICS INC COM	COM	64131A105	193	60,000	SH		SOLE		60,000	0	0
NICE 0 9/15/25	CONVERTIBLE BOND	653656AB4	671	680,000	PRN		SOLE		680,000	0	0
NICE 1 1/4 1/15/24	CONVERTIBLE BOND	65366HAB9	474	205,000	PRN		SOLE		205,000	0	0
OCEANFIRST FINL CORP COM	COM	675234108	371	19,390	SH		SOLE		19,390	0	0
OIL DRI CORP AMER COM	COM	677864100	889	29,020	SH		SOLE		29,020	0	0
OMNICELL INC COM	COM	68213N109	2,104	18,500	SH		SOLE		18,500	0	0
OPKO HEALTH INC COM	COM	68375N103	557	220,000	SH		SOLE		220,000	0	0
OPTION CARE HEALTH INC	COM	68404L201	584	21,000	SH		SOLE		21,000	0	0
ORTHOFIX MED INC COM	COM	68752M108	1,476	62,700	SH		SOLE		62,700	0	0
OTONOMO TECHNOLOGIES LTD ORDIN	COM	M7571L103	50	45,000	SH		SOLE		45,000	0	0
PACIFIC PREMIER BANCORP COM	COM	69478X105	322	11,000	SH		SOLE		11,000	0	0
PAR 2 7/8 4/15/26	CONVERTIBLE BOND	698884AC7	1,143	1,000,000	PRN		SOLE		1,000,000	0	0
PARATEK PHARMACEUTICALS INC CO	COM	699374302	85	44,000	SH		SOLE		44,000	0	0
PARK AEROSPACE CORP	COM	70014A104	829	65,000	SH		SOLE		65,000	0	0
PARK OHIO HLDGS CORP COM	COM	700666100	3,173	200,047	SH		SOLE		200,047	0	0
PD 1.25 7/1/25	CONVERTIBLE BOND	69553PAB6	610	615,000	PRN		SOLE		615,000	0	0
PEB 1 3/4 12/15/26	CONVERTIBLE BOND	70509VAA8	182	200,000	PRN		SOLE		200,000	0	0
PETQ 4 6/1/26	CORPORATE BONDS	71639TAB2	958	990,000	PRN		SOLE		990,000	0	0
PFSWEB INC COM NEW	COM	717098206	3,069	261,000	SH		SOLE		261,000	0	0
PINEAPPLE ENERGY INC	COM	72303P107	192	82,000	SH		SOLE		82,000	0	0
PLAYAGS INC COM	COM	72814N104	1,197	232,000	SH		SOLE		232,000	0	0
PLAYSTUDIOS INC	COM	72815G108	128	30,000	SH		SOLE		30,000	0	0
PODD 3/8 9/1/26 144A	CONVERTIBLE BOND	45784PAK7	1,158	1,000,000	PRN		SOLE		1,000,000	0	0
POST HOLDINGS PARTNERING COR	COM	737465203	2,784	285,000	SH		SOLE		285,000	0	0
POWELL INDS INC COM	COM	739128106	490	20,950	SH		SOLE		20,950	0	0
PRIMIS FINANCIAL CORP COM	COM	74167B109	436	32,000	SH		SOLE		32,000	0	0
PRIMO WATER CORP	COM	74167P108	201	15,000	SH		SOLE		15,000	0	0
PRO 2 1/4 9/15/27	CONVERTIBLE BOND	74346YAG8	426	465,000	PRN		SOLE		465,000	0	0
PROGRESS SOFTWARE CORP 1.000	CONVERTIBLE BOND	743312AB6	830	860,000	PRN		SOLE		860,000	0	0
PRTK 4 3/4 5/1/24	CONVERTIBLE BOND	699374AB0	345	400,000	PRN		SOLE		400,000	0	0
PZENA INVESTMENT MGMT INC CLAS	COM	74731Q103	989	150,000	SH		SOLE		150,000	0	0
QUIDELORTHO CORP	COM	219798105	243	2,500	SH		SOLE		2,500	0	0
RCL 4 1/4 6/15/23	CORPORATE BONDS	780153BF8	227	250,000	PRN		SOLE		250,000	0	0
READING INTERNATIONAL INC CL B	COM	755408200	1,562	74,400	SH		SOLE		74,400	0	0
READING INTL INC CL A	COM	755408101	1,044	289,269	SH		SOLE		289,269	0	0
RENASANT CORP COM	COM	75970E107	969	33,651	SH		SOLE		33,651	0	0
RGC RES INC COM	COM	74955L103	1,036	54,310	SH		SOLE		54,310	0	0
RPC INC. COMMON	COM	749660106	415	60,000	SH		SOLE		60,000	0	0
RUSH ENTERPRISES INC CL A	COM	781846209	1,863	38,660	SH		SOLE		38,660	0	0
RUSH ENTERPRISES INC CL B	COM	781846308	4,874	98,240	SH		SOLE		98,240	0	0
RUSH STREET INTERACTIVE INC CO	COM	782011100	93	20,000	SH		SOLE		20,000	0	0
SANDY SPRING BANCORP INC COM	COM	800363103	1,035	26,500	SH		SOLE		26,500	0	0
SCHMITT INDS INC ORE COM NEW	COM	806870200	2,313	593,000	SH		SOLE		593,000	0	0
SCRIPPS E W CO OHIO CL A	COM	811054402	4,263	341,900	SH		SOLE		341,900	0	0
SHARPS COMPLIANCE CORP COM	COM	820017101	117	40,000	SH		SOLE		40,000	0	0
SILVERCREST ASSET MGMT GROUPCL	COM	828359109	1,198	73,000	SH		SOLE		73,000	0	0
SINCLAIR BROADCAST GROUP INCCL	COM	829226109	653	32,000	SH		SOLE		32,000	0	0
SJW GROUP	COM	784305104	3,888	62,304	SH		SOLE		62,304	0	0
SKYLINE CHAMPION CORPORATION	COM	830830105	3,485	73,500	SH		SOLE		73,500	0	0
SONIC AUTOMOTIVE INC CL A	COM	83545G102	366	10,000	SH		SOLE		10,000	0	0
SOUTH ST CORP COM	COM	840441109	6,781	87,896	SH		SOLE		87,896	0	0
SOUTHERN FIRST BANCSHARES INCO	COM	842873101	3,139	72,010	SH		SOLE		72,010	0	0
SPORTSMANS WHSE HLDGS INC COM	COM	84920Y106	240	25,000	SH		SOLE		25,000	0	0
SQ 1/8 3/1/25	CONVERTIBLE BOND	852234AF0	470	500,000	PRN		SOLE		500,000	0	0
STANDARD MTR PRODS INC CLASS A	COM	853666105	2,161	48,028	SH		SOLE		48,028	0	0
STANDEX INTL CORP	COM	854231107	1,272	15,000	SH		SOLE		15,000	0	0
STARRETT L S CO CL A	COM	855668109	471	67,100	SH		SOLE		67,100	0	0
STEEL PARTNERS HLDGS L P	COM	85814R107	3,903	93,000	SH		SOLE		93,000	0	0
STERIS PLC	COM	G8473T100	309	1,500	SH		SOLE		1,500	0	0
STONERIDGE INC	COM	86183P102	1,964	114,500	SH		SOLE		114,500	0	0
SURMODICS INC COM	COM	868873100	1,862	50,000	SH		SOLE		50,000	0	0
S&W SEED CO COM	COM	785135104	464	464,000	SH		SOLE		464,000	0	0
TEAM INC COM	COM	878155100	33	45,000	SH		SOLE		45,000	0	0
TEJON RANCH CO DEL COM	COM	879080109	1,552	100,000	SH		SOLE		100,000	0	0
TENNANT CO	COM	880345103	1,342	22,650	SH		SOLE		22,650	0	0
TERRITORIAL BANCORP INC COM	COM	88145X108	532	25,500	SH		SOLE		25,500	0	0
TITAN INTL INC ILL COM	COM	88830M102	310	20,500	SH		SOLE		20,500	0	0
TITAN MACHY INC COM	COM	88830R101	3,451	154,000	SH		SOLE		154,000	0	0
TOWNSQUARE MEDIA INC CL A	COM	892231101	1,229	150,000	SH		SOLE		150,000	0	0
TRANSACT TECHNOLOGIES INC COM	COM	892918103	131	33,000	SH		SOLE		33,000	0	0
TRAVELCENTERS OF AMERICA INCCO	COM	89421B109	414	12,000	SH		SOLE		12,000	0	0
TREDEGAR INDS INC	COM	894650100	3,020	302,000	SH		SOLE		302,000	0	0
TRINITY PL HLDGS INC COM	COM	89656D101	470	465,000	SH		SOLE		465,000	0	0
TRUSTCO BK CORP N Y COM NEW	COM	898349204	309	10,010	SH		SOLE		10,010	0	0
TWIN DISC INC COM	COM	901476101	1,042	115,000	SH		SOLE		115,000	0	0
TWOU 2 1/4 5/1/25	CONVERTIBLE BOND	90214JAB7	937	1,100,000	PRN		SOLE		1,100,000	0	0
TYLER TECHNOLOGIES INC COM	COM	902252105	332	1,000	SH		SOLE		1,000	0	0
ULTRA CLEAN HLDGS INC COM	COM	90385V107	3,066	103,000	SH		SOLE		103,000	0	0
ULTRALIFE BATTERIES INC COM	COM	903899102	846	186,000	SH		SOLE		186,000	0	0
UNITED BANKSHARES INC WEST VCO	COM	909907107	305	8,701	SH		SOLE		8,701	0	0
UNITED GUARDIAN INC COM	COM	910571108	1,057	70,511	SH		SOLE		70,511	0	0
UNITIL CORP	COM	913259107	206	3,500	SH		SOLE		3,500	0	0
UNIVERSAL TECHNICAL INST INCCO	COM	913915104	677	95,000	SH		SOLE		95,000	0	0
VALLEY NATL BANCORP COM	COM	919794107	532	51,152	SH		SOLE		51,152	0	0
VALUE LINE INC	COM	920437100	2,114	32,000	SH		SOLE		32,000	0	0
VERINT SYS INC 0.250 04/15/26	CORPORATE BONDS	92343XAC4	844	925,000	PRN		SOLE		925,000	0	0
VIAD CORP COM NEW	COM	92552R406	1,468	53,160	SH		SOLE		53,160	0	0
VILLAGE SUPER MKT INC CL A NEW	COM	927107409	3,034	133,000	SH		SOLE		133,000	0	0
VISHAY PRECISION GROUP INC COM	COM	92835K103	2,039	70,000	SH		SOLE		70,000	0	0
VRNS 1 1/4 8/15/25	CONVERTIBLE BOND	922280AB8	432	365,000	PRN		SOLE		365,000	0	0
WABASH NATL CORP COM	COM	929566107	883	65,000	SH		SOLE		65,000	0	0
WASHINGTON TR BANCORP COM	COM	940610108	2,123	43,900	SH		SOLE		43,900	0	0
WATERSTONE FINL INC MD COM	COM	94188P101	1,275	74,800	SH		SOLE		74,800	0	0
WEBSTER FINL CORP WATERBURY CO	COM	947890109	2,246	53,290	SH		SOLE		53,290	0	0
WESTERN NEW ENGLAND BANCORP	COM	958892101	591	79,260	SH		SOLE		79,260	0	0
WILLAMETTE VY VINEYARD INC COM	COM	969136100	144	23,000	SH		SOLE		23,000	0	0
WILLDAN GROUP INC COM	COM	96924N100	3,089	112,000	SH		SOLE		112,000	0	0
WILLIAMS INDL SVCS GROUP INC C	COM	96951A104	19	14,000	SH		SOLE		14,000	0	0
WINNEBAGO INDS INC COM	COM	974637100	1,942	40,000	SH		SOLE		40,000	0	0
WK 1 1/8 8/15/26	CONVERTIBLE BOND	98139AAB1	651	600,000	PRN		SOLE		600,000	0	0
WORLD WRESTLING ENTERTAINMENT	COM	98156Q108	1,718	27,500	SH		SOLE		27,500	0	0
YORK WTR CO COM	COM	987184108	1,739	43,007	SH		SOLE		43,007	0	0
ZS 1/8 7/1/25 M246A22A1:L295	CONVERTIBLE BOND	98980GAB8	816	675,000	PRN		SOLE		675,000	0	0