TETON Westwood Mighty Mites Fund
Schedule of Investments — June 30, 2020 (Unaudited)
Shares | Market | |||||||
COMMON STOCKS — 98.2% | ||||||||
Aerospace and Defense — 7.1% | ||||||||
888,900 | Aerojet Rocketdyne Holdings Inc.† | $ | 35,235,996 | |||||
97,040 | Allied Motion Technologies Inc. | 3,425,512 | ||||||
86,000 | Avio SpA† | 1,474,429 | ||||||
119,000 | Innovative Solutions and Support Inc.† | 595,000 | ||||||
7,000 | Kratos Defense & Security Solutions Inc.† | 109,410 | ||||||
93,200 | Park Aerospace Corp. | 1,038,248 | ||||||
|
| |||||||
41,878,595 | ||||||||
|
| |||||||
Agriculture — 0.8% | ||||||||
215 | J.G. Boswell Co. | 104,920 | ||||||
233,000 | Limoneira Co. | 3,376,170 | ||||||
490,000 | S&W Seed Co.† | 1,117,200 | ||||||
|
| |||||||
4,598,290 | ||||||||
|
| |||||||
Airlines — 0.0% | ||||||||
1,000 | American Airlines Group Inc. | 13,070 | ||||||
225,000 | American Airlines Group Inc., Escrow† | 6,750 | ||||||
|
| |||||||
19,820 | ||||||||
|
| |||||||
Automotive — 1.6% | ||||||||
16,610 | Lithia Motors Inc., Cl. A | 2,513,591 | ||||||
15,000 | Navistar International Corp.† | 423,000 | ||||||
29,605 | Rush Enterprises Inc., Cl. A | 1,227,423 | ||||||
83,005 | Rush Enterprises Inc., Cl. B | 2,959,958 | ||||||
45,930 | Sonic Automotive Inc., Cl. A | 1,465,626 | ||||||
70,000 | Wabash National Corp. | 743,400 | ||||||
|
| |||||||
9,332,998 | ||||||||
|
| |||||||
Automotive: Parts and Accessories — 1.3% | ||||||||
50,000 | Dana Inc. | 609,500 | ||||||
12,190 | Gentherm Inc.† | 474,191 | ||||||
264,170 | Modine Manufacturing Co.† | 1,458,218 | ||||||
20,000 | Motorcar Parts of America Inc.† | 353,400 | ||||||
80,000 | Puradyn Filter Technologies Inc.† | 728 | ||||||
50,028 | Standard Motor Products Inc. | 2,061,154 | ||||||
171,700 | Strattec Security Corp. | 2,736,898 | ||||||
32,000 | Titan International Inc. | 46,720 | ||||||
10,000 | Uni-Select Inc. | 54,287 | ||||||
|
| |||||||
7,795,096 | ||||||||
|
| |||||||
Aviation: Parts and Services — 2.3% | ||||||||
13,500 | Astronics Corp.† | 142,560 | ||||||
23,896 | Astronics Corp., Cl. B† | 258,077 | ||||||
190,040 | Ducommun Inc.† | 6,626,695 | ||||||
166,200 | Kaman Corp. | 6,913,920 | ||||||
|
| |||||||
13,941,252 | ||||||||
|
| |||||||
Broadcasting — 1.3% | ||||||||
834,000 | Beasley Broadcast Group Inc., Cl. A(a) | 2,026,620 | ||||||
336,455 | Dish TV India Ltd., GDR† | 13,458 | ||||||
60,160 | Entercom Communications Corp., Cl. A | 83,021 | ||||||
241,120 | Gray Television Inc.† | 3,363,624 | ||||||
86,293 | Gray Television Inc., Cl. A† | 1,120,083 | ||||||
33,000 | Sinclair Broadcast Group Inc., Cl. A | 609,180 | ||||||
155,000 | Townsquare Media Inc., Cl. A | 692,850 | ||||||
|
| |||||||
7,908,836 | ||||||||
|
| |||||||
Building and Construction — 2.6% | ||||||||
41,000 | Armstrong Flooring Inc.† | 122,590 | ||||||
121,000 | Gibraltar Industries Inc.† | 5,809,210 | ||||||
8,500 | Granite Construction Inc. | 162,690 | ||||||
7,000 | Herc Holdings Inc.† | 215,110 | ||||||
510,000 | Huttig Building Products Inc.† | 571,200 | ||||||
105,434 | MYR Group Inc.† | 3,364,399 | ||||||
98,200 | The Monarch Cement Co. | 5,155,500 | ||||||
|
| |||||||
15,400,699 | ||||||||
|
| |||||||
Business Services — 2.7% | ||||||||
362,701 | Diebold Nixdorf Inc.† | 2,197,968 |
Shares | Market | |||||||
3,700 | Du-Art Film Laboratories Inc.† | $ | 503,200 | |||||
178,172 | GP Strategies Corp.† | 1,528,716 | ||||||
19,000 | IAA Inc.† | 732,830 | ||||||
23,300 | ICF International Inc. | 1,510,539 | ||||||
32,029 | KAR Auction Services Inc. | 440,719 | ||||||
12,000 | Macquarie Infrastructure Corp. | 368,280 | ||||||
1,920 | Matthews International Corp., Cl. A | 36,672 | ||||||
53,000 | MDC Partners Inc., Cl. A† | 110,240 | ||||||
160,000 | MoneyGram International Inc.† | 513,600 | ||||||
247,129 | PFSweb Inc.† | 1,650,822 | ||||||
15,549 | PRGX Global Inc.† | 73,080 | ||||||
500 | Stamps.com Inc.† | 91,845 | ||||||
319,451 | Team Inc.† | 1,779,342 | ||||||
2,386,208 | Trans-Lux Corp.†(a) | 1,073,794 | ||||||
28,792 | Trans-Lux Corp.†(a)(b)(c) | 12,956 | ||||||
37,132 | Viad Corp. | 706,251 | ||||||
101,669 | Willdan Group Inc.† | 2,542,742 | ||||||
|
| |||||||
15,873,596 | ||||||||
|
| |||||||
Communications Equipment — 0.6% | ||||||||
430,000 | Communications Systems Inc. | 2,180,100 | ||||||
262,250 | Extreme Networks Inc.† | 1,138,165 | ||||||
|
| |||||||
3,318,265 | ||||||||
|
| |||||||
Computer Software and Services — 2.5% | ||||||||
844,566 | Alithya Group Inc., Cl. A† | 1,461,099 | ||||||
183,380 | American Software Inc., Cl. A | 2,890,069 | ||||||
348,042 | Avid Technology Inc.† | 2,530,265 | ||||||
54,000 | Cardlytics Inc.† | 3,778,920 | ||||||
45,000 | DHI Group Inc.† | 94,500 | ||||||
160,620 | Digi International Inc.† | 1,871,223 | ||||||
60,000 | iGO Inc.† | 86,700 | ||||||
10,000 | Materialise NV, ADR† | 225,600 | ||||||
154,500 | Mitek Systems Inc.† | 1,484,745 | ||||||
2,310 | MTS Systems Corp. | 40,633 | ||||||
1,000 | Tyler Technologies Inc.† | 346,880 | ||||||
|
| |||||||
14,810,634 | ||||||||
|
| |||||||
Consumer Products — 3.4% | ||||||||
122,250 | Acme United Corp. | 2,809,305 | ||||||
130,000 | Bassett Furniture Industries Inc. | 955,500 | ||||||
65,717 | Callaway Golf Co. | 1,150,705 | ||||||
830,000 | Goodbaby International Holdings Ltd.† | 93,168 | ||||||
5,500 | Johnson Outdoors Inc., Cl. A | 500,610 | ||||||
5,000 | Lakeland Industries Inc.† | 112,150 | ||||||
251,175 | Lifetime Brands Inc. | 1,687,896 | ||||||
690,000 | Marine Products Corp. | 9,556,500 | ||||||
55,000 | MarineMax Inc.† | 1,231,450 | ||||||
37,800 | Oil-Dri Corp. of America | 1,311,660 | ||||||
5,700 | PC Group Inc.† | 34 | ||||||
3,550,000 | Playmates Holdings Ltd. | 398,490 | ||||||
8,040 | Standard Diversified Opportunities Inc., | 103,716 | ||||||
72,220 | ZAGG Inc.† | 226,771 | ||||||
|
| |||||||
20,137,955 | ||||||||
|
| |||||||
Consumer Services — 0.9% | ||||||||
179,320 | 1-800-Flowers.com Inc., Cl. A† | 3,589,986 | ||||||
66,000 | Bowlin Travel Centers Inc.† | 190,740 | ||||||
87,000 | Carriage Services Inc. | 1,576,440 | ||||||
800 | Collectors Universe Inc. | 27,424 | ||||||
|
| |||||||
5,384,590 | ||||||||
|
| |||||||
Diversified Industrial — 12.4% | ||||||||
85,000 | Ampco-Pittsburgh Corp.† | 260,950 | ||||||
256,000 | Burnham Holdings Inc., Cl. A(a) | 2,598,400 | ||||||
62,673 | Chase Corp. | 6,423,983 | ||||||
105,860 | Columbus McKinnon Corp. | 3,541,017 | ||||||
40,000 | FormFactor Inc.† | 1,173,200 | ||||||
34,000 | Graham Corp. | 433,160 | ||||||
466,313 | Griffon Corp. | 8,636,117 |
1
TETON Westwood Mighty Mites Fund
Schedule of Investments (Continued) — June 30, 2020 (Unaudited)
Shares | Market | |||||||
COMMON STOCKS (Continued) | ||||||||
Diversified Industrial (Continued) | ||||||||
18,700 | Haulotte Group SA | $ | 105,677 | |||||
155,030 | Intevac Inc.† | 846,464 | ||||||
44,000 | John Bean Technologies Corp. | 3,784,880 | ||||||
116,000 | L.B. Foster Co., Cl. A† | 1,481,320 | ||||||
270,502 | Lawson Products Inc.† | 8,726,394 | ||||||
82,309 | Lydall Inc.† | 1,116,110 | ||||||
8,000 | MSA Safety Inc. | 915,520 | ||||||
935,870 | Myers Industries Inc. | 13,616,909 | ||||||
65,000 | Napco Security Technologies Inc.† | 1,520,350 | ||||||
202,331 | Park-Ohio Holdings Corp. | 3,356,671 | ||||||
25,080 | Raven Industries Inc. | 539,471 | ||||||
19,500 | RWC Inc.† | 214,500 | ||||||
29,000 | Standex International Corp. | 1,668,950 | ||||||
1,630,000 | Steel Connect Inc.† | 978,163 | ||||||
525,000 | Steel Partners Holdings LP† | 2,766,750 | ||||||
450,000 | Tredegar Corp. | 6,930,000 | ||||||
350,000 | Twin Disc Inc.† | 1,939,000 | ||||||
|
| |||||||
73,573,956 | ||||||||
|
| |||||||
Educational Services — 0.1% | ||||||||
114,000 | Universal Technical Institute Inc.† | 792,300 | ||||||
|
| |||||||
Electronics — 4.1% | ||||||||
28,000 | Badger Meter Inc. | 1,761,760 | ||||||
159,300 | Bel Fuse Inc., Cl. A(a) | 1,589,814 | ||||||
313,500 | CTS Corp. | 6,282,540 | ||||||
57,000 | Daktronics Inc. | 247,950 | ||||||
30,000 | IMAX Corp.† | 336,300 | ||||||
71,000 | Kimball Electronics Inc.† | 961,340 | ||||||
3,084 | Littelfuse Inc. | 526,223 | ||||||
8,000 | Mesa Laboratories Inc. | 1,734,400 | ||||||
20,800 | Methode Electronics Inc. | 650,208 | ||||||
690,000 | Schmitt Industries Inc.†(a) | 2,408,100 | ||||||
148,038 | Stoneridge Inc.† | 3,058,465 | ||||||
16,000 | Stratasys Ltd.† | 253,760 | ||||||
148,870 | Ultra Clean Holdings† | 3,368,928 | ||||||
185,000 | Ultralife Corp.† | 1,296,850 | ||||||
|
| |||||||
24,476,638 | ||||||||
|
| |||||||
Energy and Utilities: Integrated — 0.0% | ||||||||
1,000 | MGE Energy Inc. | 64,510 | ||||||
|
| |||||||
Energy and Utilities: Natural Gas — 0.9% | ||||||||
650,000 | Alvopetro Energy Ltd.† | 363,877 | ||||||
18,750 | Chesapeake Utilities Corp. | 1,575,000 | ||||||
108,684 | Corning Natural Gas Holding Corp. | 1,836,760 | ||||||
54,310 | RGC Resources Inc. | 1,312,673 | ||||||
|
| |||||||
5,088,310 | ||||||||
|
| |||||||
Energy and Utilities: Oil — 0.0% | ||||||||
35,000 | Callon Petroleum Co.† | 40,250 | ||||||
|
| |||||||
Energy and Utilities: Services — 0.1% | ||||||||
30,000 | Dawson Geophysical Co.† | 43,200 | ||||||
10,750 | Independence Contract Drilling Inc.† | 41,817 | ||||||
61,000 | RPC Inc.† | 187,880 | ||||||
6,500 | Subsea 7 SA, ADR† | 41,470 | ||||||
|
| |||||||
314,367 | ||||||||
|
| |||||||
Energy and Utilities: Water — 2.1% | ||||||||
35,926 | Artesian Resources Corp., Cl. A | 1,303,754 | ||||||
12,000 | Cadiz Inc.† | 121,920 | ||||||
24,300 | California Water Service Group | 1,159,110 | ||||||
62,000 | Consolidated Water Co. Ltd. | 894,660 | ||||||
68,000 | Energy Recovery Inc.† | 516,460 | ||||||
26,133 | Middlesex Water Co. | 1,755,615 | ||||||
70,304 | SJW Group | 4,366,581 | ||||||
45,007 | The York Water Co. | 2,158,536 | ||||||
|
| |||||||
12,276,636 | ||||||||
|
|
Shares | Market | |||||||
Entertainment — 0.4% | ||||||||
1,100 | Canterbury Park Holding Corp. | $ | 11,825 | |||||
684,512 | Dover Motorsports Inc. | 1,060,994 | ||||||
31,000 | National CineMedia Inc. | 92,070 | ||||||
227,750 | Sportech plc† | 52,560 | ||||||
30,000 | World Wrestling Entertainment Inc., Cl. A | 1,303,500 | ||||||
|
| |||||||
2,520,949 | ||||||||
|
| |||||||
Environmental Control — 1.3% | ||||||||
136,500 | Casella Waste Systems Inc., Cl. A† | 7,114,380 | ||||||
47,894 | Primo Water Corp. | 658,543 | ||||||
|
| |||||||
7,772,923 | ||||||||
|
| |||||||
Equipment and Supplies — 4.4% | ||||||||
10,000 | Amtech Systems Inc.† | 48,700 | ||||||
17,500 | AZZ Inc. | 600,600 | ||||||
63,766 | CIRCOR International Inc.† | 1,624,758 | ||||||
221,500 | Core Molding Technologies Inc.† | 912,580 | ||||||
155,000 | Federal Signal Corp. | 4,608,150 | ||||||
100,000 | Interpump Group SpA | 2,970,519 | ||||||
186,000 | Kimball International Inc., Cl. B | 2,150,160 | ||||||
17,100 | Maezawa Kyuso Industries Co. Ltd. | 318,165 | ||||||
20,593 | Powell Industries Inc. | 564,042 | ||||||
346,000 | The Eastern Co.(a) | 6,183,020 | ||||||
98,000 | The Gorman-Rupp Co. | 3,045,840 | ||||||
271,000 | The L.S. Starrett Co., Cl. A† | 918,690 | ||||||
180,065 | Titan Machinery Inc.† | 1,955,506 | ||||||
33,000 | TransAct Technologies Inc. | 151,140 | ||||||
|
| |||||||
26,051,870 | ||||||||
|
| |||||||
Financial Services — 8.8% | ||||||||
53,000 | Allegiance Bancshares Inc. | 1,345,670 | ||||||
8,000 | Ameris Bancorp | 188,720 | ||||||
21,000 | Atlantic American Corp.† | 34,440 | ||||||
296,158 | Atlantic Capital Bancshares Inc.† | 3,601,281 | ||||||
44,944 | Atlantic Union Bankshares Corp. | 1,040,903 | ||||||
16,000 | Berkshire Bancorp Inc.† | 134,720 | ||||||
11,275 | Berkshire Hills Bancorp Inc. | 124,251 | ||||||
5,953 | BKF Capital Group Inc.† | 45,005 | ||||||
75 | Burke & Herbert Bank and Trust Co. | 129,600 | ||||||
23,058 | Cadence BanCorp | 204,294 | ||||||
84,000 | Capital City Bank Group Inc. | 1,759,800 | ||||||
8,000 | Capitol Federal Financial Inc. | 88,080 | ||||||
16,560 | Citizens & Northern Corp. | 341,964 | ||||||
5,500 | ConnectOne Bancorp Inc. | 88,660 | ||||||
28,800 | Crazy Woman Creek Bancorp Inc. | 410,400 | ||||||
32,580 | Dime Community Bancshares Inc. | 447,323 | ||||||
1,120 | Farmers & Merchants Bank of Long Beach | 6,669,600 | ||||||
40,000 | Farmers National Banc Corp. | 474,400 | ||||||
6,000 | First Community Bankshares Inc. | 134,700 | ||||||
31,440 | First Internet Bancorp | 522,533 | ||||||
462,300 | Flushing Financial Corp. | 5,325,696 | ||||||
74,000 | FNB Corp. | 555,000 | ||||||
2,000 | Franklin Financial Network Inc. | 51,500 | ||||||
16,058 | FS Bancorp Inc. | 619,357 | ||||||
366,000 | GTY Technology Holdings Inc.† | 1,524,390 | ||||||
10 | Guaranty Corp., Cl. A†(d) | 153,000 | ||||||
126,970 | Hallmark Financial Services Inc.† | 443,125 | ||||||
5,800 | Heritage Commerce Corp. | 43,529 | ||||||
27,300 | HomeStreet Inc. | 671,853 | ||||||
9,030 | Hope Bancorp Inc. | 83,257 | ||||||
106,100 | I3 Verticals Inc., Cl. A† | 3,209,525 | ||||||
30,000 | ICC Holdings Inc.† | 345,750 | ||||||
89,800 | KKR & Co. Inc. | 2,773,024 | ||||||
67,700 | Legacy Housing Corp.† | 962,694 | ||||||
5,440 | LendingTree Inc.† | 1,575,043 | ||||||
130,000 | Medallion Financial Corp.† | 344,500 | ||||||
4,197 | Northrim BanCorp Inc. | 105,513 | ||||||
19,390 | OceanFirst Financial Corp. | 341,846 | ||||||
119,883 | People’s United Financial Inc. | 1,387,046 | ||||||
148,000 | Pzena Investment Management Inc., Cl. A | 805,120 |
2
TETON Westwood Mighty Mites Fund
Schedule of Investments (Continued) — June 30, 2020 (Unaudited)
Shares | Market | |||||||
COMMON STOCKS (Continued) | ||||||||
Financial Services (Continued) | ||||||||
36,971 | Renasant Corp. | $ | 920,578 | |||||
2,989 | Salisbury Bancorp Inc. | 122,519 | ||||||
29,000 | Sandy Spring Bancorp Inc. | 718,620 | ||||||
3,000 | Seacoast Banking Corp. of Florida† | 61,200 | ||||||
4,500 | Security National Corp. | 573,750 | ||||||
79,000 | Silvercrest Asset Management Group Inc., | 1,004,090 | ||||||
6,750 | Simmons First National Corp., Cl. A | 115,493 | ||||||
13,303 | South State Corp. | 634,021 | ||||||
47,480 | Southern First Bancshares Inc.† | 1,315,671 | ||||||
58,000 | Southern National Bancorp of Virginia Inc. | 562,020 | ||||||
4,500 | Southside Bancshares Inc. | 124,740 | ||||||
118,143 | Sterling Bancorp | 1,384,636 | ||||||
5,700 | Thomasville Bancshares Inc. | 265,050 | ||||||
5,000 | Towne Bank | 94,200 | ||||||
4,200 | TriState Capital Holdings Inc.† | 65,982 | ||||||
50,050 | TrustCo Bank Corp. | 316,817 | ||||||
51,152 | Valley National Bancorp | 400,009 | ||||||
32,800 | Value Line Inc. | 885,272 | ||||||
45,900 | Washington Trust Bancorp Inc. | 1,503,225 | ||||||
74,800 | Waterstone Financial Inc. | 1,109,284 | ||||||
8,500 | WesBanco Inc. | 172,635 | ||||||
87,260 | Western New England Bancorp Inc. | 505,235 | ||||||
260,000 | Wright Investors’ Service Holdings Inc.† | 122,200 | ||||||
|
| |||||||
52,084,359 | ||||||||
|
| |||||||
Food and Beverage — 2.5% | ||||||||
84,600 | Andrew Peller Ltd., Cl. A | 548,379 | ||||||
1,900 | Bridgford Foods Corp.† | 31,464 | ||||||
53,000 | Calavo Growers Inc. | 3,334,230 | ||||||
133,000 | Corby Spirit and Wine Ltd., Cl. A | 1,591,964 | ||||||
520,000 | Crimson Wine Group Ltd.† | 2,808,000 | ||||||
324,021 | Farmer Brothers Co.† | 2,378,314 | ||||||
1,250 | Hanover Foods Corp., Cl. A | 88,437 | ||||||
300 | Hanover Foods Corp., Cl. B | 21,300 | ||||||
31,000 | Iwatsuka Confectionery Co. Ltd. | 1,075,203 | ||||||
1,500 | J & J Snack Foods Corp. | 190,695 | ||||||
8,490 | John B Sanfilippo & Son Inc. | 724,452 | ||||||
105,991 | Massimo Zanetti Beverage Group SpA | 553,723 | ||||||
1,510 | Rock Field Co. Ltd. | 18,194 | ||||||
5,000 | Scheid Vineyards Inc., Cl. A† | 83,750 | ||||||
7,100 | T. Hasegawa Co. Ltd. | 158,472 | ||||||
235,200 | Tingyi (Cayman Islands) Holding Corp. | 364,764 | ||||||
229,400 | Vitasoy International Holdings Ltd. | 877,583 | ||||||
23,000 | Willamette Valley Vineyards Inc.† | 139,150 | ||||||
|
| |||||||
14,988,074 | ||||||||
|
| |||||||
Health Care — 9.7% | ||||||||
26,000 | Accuray Inc.† | 52,780 | ||||||
22,000 | Anika Therapeutics Inc.† | 830,060 | ||||||
110,000 | BioTelemetry Inc.† | 4,970,900 | ||||||
5,700 | Boiron SA | 235,024 | ||||||
32,000 | Cantel Medical Corp. | 1,415,360 | ||||||
106,660 | Cardiovascular Systems Inc.† | 3,365,123 | ||||||
10,000 | CareDx Inc.† | 354,300 | ||||||
19,900 | Collegium Pharmaceutical Inc.† | 348,250 | ||||||
342,440 | Cutera Inc.† | 4,167,495 | ||||||
61,343 | Electromed Inc.† | 944,069 | ||||||
90,000 | Exelixis Inc.† | 2,136,600 | ||||||
20,000 | Genesis Healthcare Inc.† | 13,802 | ||||||
3,000 | Heska Corp.† | 279,510 | ||||||
419,248 | InfuSystem Holdings Inc.† | 4,838,122 | ||||||
23,000 | Integer Holdings Corp.† | 1,680,150 | ||||||
193,724 | IntriCon Corp.† | 2,619,148 | ||||||
54,000 | Invitae Corp.† | 1,635,660 | ||||||
36,000 | Kindred Biosciences Inc.† | �� | 161,640 | |||||
5,500 | LeMaitre Vascular Inc. | 145,200 | ||||||
39,000 | Meridian Bioscience Inc.† | 908,310 | ||||||
122,800 | Neogen Corp.† | 9,529,280 |
Shares | Market | |||||||
91,018 | NeoGenomics Inc.† | $ | 2,819,738 | |||||
38,613 | Omnicell Inc.† | 2,726,850 | ||||||
230,000 | OPKO Health Inc.† | 784,300 | ||||||
25,002 | Option Care Health Inc.† | 347,028 | ||||||
62,700 | Orthofix Medical Inc.† | 2,006,400 | ||||||
23,000 | Paratek Pharmaceuticals Inc.† | 120,060 | ||||||
6,200 | Quidel Corp.† | 1,387,188 | ||||||
42,000 | RTI Surgical Holdings Inc.† | 133,560 | ||||||
89,934 | SurModics Inc.† | 3,888,746 | ||||||
2,000 | Targanta Therapeutics Corp., Escrow†(d) | 0 | ||||||
72,301 | United-Guardian Inc. | 1,068,789 | ||||||
1,400 | Utah Medical Products Inc. | 124,068 | ||||||
51,000 | Zealand Pharma A/S† | 1,748,571 | ||||||
|
| |||||||
57,786,081 | ||||||||
|
| |||||||
Hotels and Gaming — 3.0% | ||||||||
59,800 | Boyd Gaming Corp. | 1,249,820 | ||||||
95,000 | Braemar Hotels & Resorts Inc., REIT | 271,700 | ||||||
32,020 | Churchill Downs Inc. | 4,263,463 | ||||||
25,500 | Eldorado Resorts Inc.† | 1,021,530 | ||||||
1,090,725 | Full House Resorts Inc.† | 1,450,664 | ||||||
629,210 | Golden Entertainment Inc.† | 5,612,553 | ||||||
352,911 | Inspired Entertainment Inc.† | 1,023,442 | ||||||
60,000 | PlayAGS Inc.† | 202,800 | ||||||
118,000 | The Marcus Corp. | 1,565,860 | ||||||
47,964 | Twin River Worldwide Holdings Inc. | 1,069,118 | ||||||
|
| |||||||
17,730,950 | ||||||||
|
| |||||||
Machinery — 4.4% | ||||||||
302,000 | Astec Industries Inc. | 13,985,620 | ||||||
4,600 | DMG Mori AG | 209,824 | ||||||
493,000 | Gencor Industries Inc.† | 6,231,520 | ||||||
6,050 | Lindsay Corp. | 557,871 | ||||||
26,650 | Tennant Co. | 1,732,517 | ||||||
39,000 | The Middleby Corp.† | 3,078,660 | ||||||
23,000 | Williams Industrial Services Group Inc.† | 30,130 | ||||||
|
| |||||||
25,826,142 | ||||||||
|
| |||||||
Manufactured Housing and Recreational Vehicles — 2.9% |
| |||||||
36,800 | Cavco Industries Inc.† | 7,096,880 | ||||||
175,250 | Nobility Homes Inc. | 4,208,629 | ||||||
99,500 | Skyline Champion Corp.† | 2,421,830 | ||||||
48,400 | Winnebago Industries Inc. | 3,224,408 | ||||||
|
| |||||||
16,951,747 | ||||||||
|
| |||||||
Metals and Mining — 0.6% | ||||||||
29,000 | 5N Plus Inc.† | 34,392 | ||||||
380,000 | Osisko Gold Royalties Ltd. | 3,795,521 | ||||||
800,000 | Tanami Gold NL† | 34,229 | ||||||
|
| |||||||
3,864,142 | ||||||||
|
| |||||||
Paper and Forest Products — 0.3% | ||||||||
27,100 | Keweenaw Land Association Ltd.† | 1,658,520 | ||||||
|
| |||||||
Publishing — 1.2% | ||||||||
26,000 | A.H. Belo Corp., Cl. A | 44,980 | ||||||
110,000 | ARC Document Solutions Inc. | 110,000 | ||||||
763,600 | The E.W. Scripps Co., Cl. A | 6,681,500 | ||||||
9,500 | Tribune Publishing Co. | 94,905 | ||||||
|
| |||||||
6,931,385 | ||||||||
|
| |||||||
Real Estate — 4.0% | ||||||||
200,000 | Ambase Corp.† | 43,000 | ||||||
8,000 | Bresler & Reiner Inc.† | 160 | ||||||
113,300 | Capital Properties Inc., Cl. A | 1,393,590 | ||||||
5,040 | Cohen & Steers Inc. | 342,972 | ||||||
60,000 | DREAM Unlimited Corp., Cl. A | 395,993 | ||||||
22,500 | FRP Holdings Inc.† | 913,050 | ||||||
274,050 | Griffin Industrial Realty Inc.(a) | 14,845,289 | ||||||
14,138 | Gyrodyne LLC† | 236,105 | ||||||
6,531 | Holobeam Inc.† | 287,364 |
3
TETON Westwood Mighty Mites Fund
Schedule of Investments (Continued) — June 30, 2020 (Unaudited)
Shares | Market | |||||||
COMMON STOCKS (Continued) | ||||||||
Real Estate (Continued) | ||||||||
30,000 | New Senior Investment Group Inc., REIT | $ | 108,600 | |||||
354,269 | Reading International Inc., Cl. A† | 1,505,643 | ||||||
74,670 | Reading International Inc., Cl. B† | 1,195,467 | ||||||
2,508 | Royalty LLC†(d) | 255 | ||||||
122,000 | Tejon Ranch Co.† | 1,756,800 | ||||||
607,700 | Trinity Place Holdings Inc.† | 838,626 | ||||||
|
| |||||||
23,862,914 | ||||||||
|
| |||||||
Restaurants — 2.1% | ||||||||
39 | Biglari Holdings Inc., Cl. A† | 13,065 | ||||||
43,000 | Denny’s Corp.† | 434,300 | ||||||
217,034 | Nathan’s Famous Inc.(a) | 12,205,992 | ||||||
|
| |||||||
12,653,357 | ||||||||
|
| |||||||
Retail — 1.9% | ||||||||
67,000 | Big 5 Sporting Goods Corp. | 129,980 | ||||||
69,710 | Ethan Allen Interiors Inc. | 824,669 | ||||||
79,040 | Ingles Markets Inc., Cl. A | 3,404,253 | ||||||
84,500 | Lands’ End Inc.† | 679,380 | ||||||
37,000 | La-Z-Boy Inc. | 1,001,220 | ||||||
141,000 | Movado Group Inc. | 1,528,440 | ||||||
300 | PetIQ Inc.† | 10,452 | ||||||
40,000 | Tuesday Morning Corp.† | 6,404 | ||||||
127,174 | Village Super Market Inc., Cl. A | 3,525,263 | ||||||
|
| |||||||
11,110,061 | ||||||||
|
| |||||||
Semiconductors — 0.4% | ||||||||
37,000 | Entegris Inc. | 2,184,850 | ||||||
|
| |||||||
Specialty Chemicals — 2.4% | ||||||||
902,360 | Ferro Corp.† | 10,774,178 | ||||||
36,920 | Hawkins Inc. | 1,572,054 | ||||||
4,100 | Minerals Technologies Inc. | 192,413 | ||||||
74,000 | Navigator Holdings Ltd.† | 475,820 | ||||||
6,000 | Takasago International Corp. | 119,361 | ||||||
38,500 | Teraoka Seisakusho Co. Ltd. | 138,703 | ||||||
66,900 | The General Chemical Group Inc.† | 435 | ||||||
194,174 | Treatt plc. | 1,199,392 | ||||||
|
| |||||||
14,472,356 | ||||||||
|
| |||||||
Telecommunications — 1.1% | ||||||||
85,000 | A10 Networks Inc.† | 578,850 | ||||||
27,000 | Consolidated Communications Holdings Inc.† | 182,790 | ||||||
18,200 | Frequency Electronics Inc.† | 159,432 | ||||||
40,000 | Gogo Inc.† | 126,400 | ||||||
225,000 | HC2 Holdings Inc.† | 751,500 | ||||||
18,000 | Iridium Communications Inc.† | 457,920 | ||||||
57,500 | Nuvera Communications Inc. | 1,022,925 | ||||||
545,315 | ORBCOMM Inc.† | 2,099,463 | ||||||
5,788 | Preformed Line Products Co. | 289,458 | ||||||
17,000 | Shenandoah Telecommunications Co. | 837,930 | ||||||
|
| |||||||
6,506,668 | ||||||||
|
| |||||||
Transportation — 0.0% | ||||||||
13,000 | Patriot Transportation Holding Inc. | 109,980 | ||||||
|
| |||||||
TOTAL COMMON STOCKS | 582,094,921 | |||||||
|
| |||||||
CLOSED-END FUNDS — 0.1% | ||||||||
111,980 | MVC Capital Inc. | 731,229 | ||||||
|
| |||||||
PREFERRED STOCKS — 0.6% | ||||||||
Automotive: Parts and Accessories — 0.1% |
| |||||||
23,800 | Jungheinrich AG † | 555,105 | ||||||
|
| |||||||
Financial Services — 0.5% | ||||||||
170,535 | Steel Partners Holdings LP Ser. A, 6.000% | 2,771,194 | ||||||
|
| |||||||
TOTAL PREFERRED STOCKS | 3,326,299 | |||||||
|
|
Shares | Market | |||||||
CONVERTIBLE PREFERRED STOCKS — 0.0% |
| |||||||
Food and Beverage — 0.0% | ||||||||
500 | Seneca Foods Corp., | |||||||
Ser. 2003 | $ | 16,950 | ||||||
|
| |||||||
MANDATORY CONVERTIBLE SECURITIES (e) — 0.1% |
| |||||||
Energy and Utilities — 0.1% | ||||||||
15,095 | Corning Natural Gas Holding Corp., 4.800%, Ser. B, 09/30/26 | 271,710 | ||||||
|
| |||||||
RIGHTS — 0.0% | ||||||||
Entertainment — 0.0% | ||||||||
550,000 | Media General Inc., CVR†(d) | 0 | ||||||
|
| |||||||
Health Care — 0.0% | ||||||||
8,000 | Progenics Pharmaceuticals Inc., CVR†(d) | 3,978 | ||||||
200,000 | Teva Pharmaceutical Industries Ltd., CCCP, expire 02/20/23†(d) | 0 | ||||||
|
| |||||||
3,978 | ||||||||
|
| |||||||
TOTAL RIGHTS | 3,978 | |||||||
|
| |||||||
WARRANTS — 0.0% | ||||||||
Business Services — 0.0% | ||||||||
1 | Internap Corp., expire 05/08/24† | 652 | ||||||
|
| |||||||
Energy and Utilities — 0.0% | ||||||||
2 | Key Energy Services Inc., expire 12/15/20†(d) | 0 | ||||||
2 | Key Energy Services Inc., expire 12/15/21†(d) | 0 | ||||||
|
| |||||||
0 | ||||||||
|
| |||||||
Energy and Utilities: Services — 0.0% | ||||||||
7,627 | Weatherford International plc, expire 12/13/23† | 1,297 | ||||||
|
| |||||||
Health Care — 0.0% | ||||||||
2,184 | Option Care Health Inc., Cl. A, expire 07/27/25† | 5,670 | ||||||
2,184 | Option Care Health Inc., Cl. B, expire 07/27/25† | 5,194 | ||||||
|
| |||||||
10,864 | ||||||||
|
| |||||||
TOTAL WARRANTS | 12,813 | |||||||
|
| |||||||
TOTAL MISCELLANEOUS | ||||||||
INVESTMENTS — 1.0%(f) | 6,168,498 | |||||||
|
| |||||||
TOTAL INVESTMENTS — 100.0% | ||||||||
(Cost $433,995,825) | $ | 592,626,398 | ||||||
|
|
(a) | Security considered an affiliated holding because the Fund owns at least 5% of its outstanding shares. |
(b) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(c) | At June 30, 2020, the Fund held an investment in a restricted and illiquid security amounting to $12,956 or 0.00% of total investments., which was valued under methods approved by the Board of Trustees as follows: |
Acquisition | Issuer | Acquisition | Acquisition | 06/30/20 | ||||||||
06/01/09- | ||||||||||||
28,792 | Trans-Lux Corp | 09/25/18 | $15,900 | 0.4500 |
(d) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(e) | Mandatory convertible securities are required to be converted on the dates listed; they generally may be converted prior to these dates at the option of the holder. |
(f) | Represents previously undisclosed, unrestricted securities which the Fund has held for less than one year. |
† | Non-income producing security. |
4
TETON Westwood Mighty Mites Fund
Schedule of Investments (Continued) — June 30, 2020 (Unaudited)
ADR | American Depositary Receipt | |
CCCP | Contingent Cash Consideration Payment | |
CVR | Contingent Value Right |
GDR | Global Depositary Receipt | |
REIT | Real Estate Investment Trust |
5