TETON Westwood SmallCap Equity Fund
Schedule of Investments — June 30, 2020 (Unaudited)
Shares | Market Value | |||||||
COMMON STOCKS — 97.7% |
| |||||||
Aerospace — 0.5% | ||||||||
3,600 | Hexcel Corp. | $ | 162,792 | |||||
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Automotive — 3.8% | ||||||||
10,500 | Rush Enterprises Inc., Cl. A | 435,330 | ||||||
10,600 | Winnebago Industries Inc. | 706,172 | ||||||
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1,141,502 | ||||||||
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Aviation: Parts and Services — 1.8% |
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26,700 | AAR Corp. | 551,889 | ||||||
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Banking — 18.6% | ||||||||
22,600 | Atlantic Capital Bancshares Inc.† | 274,816 | ||||||
9,433 | Atlantic Union Bankshares Corp. | 218,468 | ||||||
15,600 | Banc of California Inc. | 168,948 | ||||||
13,200 | BankUnited Inc. | 267,300 | ||||||
8,400 | Columbia Banking System Inc. | 238,098 | ||||||
3,200 | Financial Institutions Inc. | 59,552 | ||||||
34,400 | First Foundation Inc. | 562,096 | ||||||
9,300 | Glacier Bancorp Inc. | 328,197 | ||||||
52,050 | Investors Bancorp Inc. | 442,425 | ||||||
6,500 | Live Oak Bancshares Inc. | 94,315 | ||||||
17,150 | OceanFirst Financial Corp. | 302,355 | ||||||
17,350 | OFG Bancorp | 231,969 | ||||||
17,000 | PCSB Financial Corp. | 215,560 | ||||||
4,021 | South State Corp. | 191,641 | ||||||
20,806 | Sterling Bancorp | 243,846 | ||||||
22,200 | TrustCo Bank Corp. | 140,526 | ||||||
19,050 | Umpqua Holdings Corp. | 202,692 | ||||||
50,320 | Valley National Bancorp | 393,502 | ||||||
33,200 | Veritex Holdings Inc. | 587,640 | ||||||
14,000 | Washington Federal Inc. | 375,760 | ||||||
4,700 | Washington Trust Bancorp Inc. | 153,925 | ||||||
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5,693,631 | ||||||||
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Broadcasting — 0.9% | ||||||||
11,800 | Chicken Soup For The Soul Entertainment Inc.† | 81,538 | ||||||
20,600 | Hemisphere Media Group Inc.† | 202,498 | ||||||
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284,036 | ||||||||
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Building and Construction — 2.1% |
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5,500 | EMCOR Group Inc. | 363,770 | ||||||
8,800 | MYR Group Inc.† | 280,808 | ||||||
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644,578 | ||||||||
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Business Services — 5.1% | ||||||||
21,000 | ABM Industries Inc. | 762,300 | ||||||
3,150 | FTI Consulting Inc.† | 360,833 | ||||||
3,900 | Heidrick & Struggles International Inc. | 84,318 | ||||||
6,600 | McGrath RentCorp | 356,466 | ||||||
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1,563,917 | ||||||||
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Communications — 0.7% | ||||||||
14,100 | Meredith Corp. | 205,155 | ||||||
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Communications Equipment — 5.0% |
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94,500 | Extreme Networks Inc.† | 410,130 | ||||||
122,800 | Infinera Corp.† | 726,976 | ||||||
4,822 | Lumentum Holdings Inc.† | 392,655 | ||||||
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1,529,761 | ||||||||
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Computer Software and Services — 8.4% |
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7,600 | Bottomline Technologies DE Inc.† | 385,852 | ||||||
28,400 | Cloudera Inc.† | 361,248 | ||||||
39,800 | NetScout Systems Inc.† | 1,017,288 | ||||||
16,300 | Progress Software Corp. | 631,625 | ||||||
8,600 | Teradata Corp.† | 178,880 | ||||||
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2,574,893 | ||||||||
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Consumer Products — 2.6% |
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18,800 | Hanesbrands Inc. | 212,252 | ||||||
Shares | Market Value | |||||||
2,500 | iRobot Corp.† | $ | 209,750 | |||||
3,900 | KAR Auction Services Inc. | 53,664 | ||||||
7,300 | Oxford Industries Inc. | 321,273 | ||||||
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796,939 | ||||||||
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Diversified Industrial — 2.0% | ||||||||
4,900 | Kennametal Inc. | 140,679 | ||||||
26,900 | Steelcase Inc., Cl. A | 324,414 | ||||||
17,700 | Textainer Group Holdings Ltd.† | 144,786 | ||||||
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609,879 | ||||||||
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Electronics — 6.2% | ||||||||
13,300 | Advanced Energy Industries Inc.† | 901,607 | ||||||
7,500 | FARO Technologies Inc.† | 402,000 | ||||||
14,100 | Plantronics Inc. | 206,988 | ||||||
25,700 | TTM Technologies Inc.† | 304,802 | ||||||
900 | Woodward Inc. | 69,795 | ||||||
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1,885,192 | ||||||||
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Energy and Utilities — 4.8% |
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55,200 | Centennial Resource Development Inc., Cl. A† | 49,128 | ||||||
10,800 | ChampionX Corp.† | 105,408 | ||||||
41,200 | Magnolia Oil & Gas Corp., Cl. A† | 249,672 | ||||||
24,200 | Matador Resources Co.† | 205,700 | ||||||
23,700 | Oceaneering International Inc.† | 151,443 | ||||||
34,500 | Parsley Energy Inc., Cl. A | 368,460 | ||||||
94,200 | Patterson-UTI Energy Inc. | 326,874 | ||||||
2,100 | Penn Virginia Corp.† | 20,013 | ||||||
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1,476,698 | ||||||||
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Environmental Control — 1.4% |
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22,600 | Evoqua Water Technologies Corp.† | 420,360 | ||||||
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Equipment and Supplies — 1.5% | ||||||||
11,300 | CIRCOR International Inc.† | 287,924 | ||||||
5,300 | Flowserve Corp. | 151,156 | ||||||
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439,080 | ||||||||
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Financial Services — 3.9% |
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22,600 | Boston Private Financial Holdings Inc. | 155,488 | ||||||
11,900 | Brown & Brown Inc. | 485,044 | ||||||
3,900 | Mercury General Corp. | 158,925 | ||||||
6,400 | ProAssurance Corp. | 92,608 | ||||||
6,500 | Stifel Financial Corp. | 308,295 | ||||||
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1,200,360 | ||||||||
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Health Care — 7.2% | ||||||||
2,700 | AMN Healthcare Services Inc.† | 122,148 | ||||||
1,780 | ICU Medical Inc.† | 328,072 | ||||||
12,800 | Natus Medical Inc.† | 279,296 | ||||||
5,850 | Omnicell Inc.† | 413,127 | ||||||
38,500 | Patterson Cos. Inc. | 847,000 | ||||||
9,000 | Supernus Pharmaceuticals Inc.† | 213,750 | ||||||
|
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2,203,393 | ||||||||
|
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Machinery — 1.3% | ||||||||
42,300 | Mueller Water Products Inc., Cl. A | 398,889 | ||||||
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Real Estate — 0.7% | ||||||||
4,000 | Alpine Income Property Trust Inc., REIT | 65,040 | ||||||
8,500 | CareTrust REIT Inc. | 145,860 | ||||||
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210,900 | ||||||||
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Retail — 3.8% | ||||||||
13,350 | American Eagle Outfitters Inc. | 145,515 | ||||||
45,100 | Ethan Allen Interiors Inc. | 533,533 | ||||||
2,300 | Penske Automotive Group Inc. | 89,033 | ||||||
12,200 | The Hain Celestial Group Inc.† | 384,422 | ||||||
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1,152,503 | ||||||||
|
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Semiconductors — 9.2% | ||||||||
1,100 | Cabot Microelectronics Corp. | 153,494 |
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TETON Westwood SmallCap Equity Fund
Schedule of Investments (Continued) — June 30, 2020 (Unaudited)
Shares | Market Value | |||||||
COMMON STOCKS (Continued) | ||||||||
Semiconductors (Continued) | ||||||||
10,700 | Entegris Inc. | $ | 631,835 | |||||
19,100 | FormFactor Inc.† | 560,203 | ||||||
14,200 | Marvell Technology Group Ltd. | 497,852 | ||||||
7,500 | nLight Inc.† | 166,950 | ||||||
23,500 | Onto Innovation Inc.† | 799,940 | ||||||
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2,810,274 | ||||||||
|
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Specialty Chemicals — 4.7% | ||||||||
26,700 | Darling Ingredients Inc.† | 657,354 | ||||||
44,700 | Ferro Corp.† | 533,718 | ||||||
2,700 | Minerals Technologies Inc. | 126,711 | ||||||
4,700 | PolyOne Corp. | 123,281 | ||||||
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1,441,064 | ||||||||
|
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Transportation — 1.5% | ||||||||
19,900 | The Greenbrier Companies Inc. | 452,725 | ||||||
|
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TOTAL COMMON STOCKS | 29,850,410 | |||||||
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Principal Amount | Market Value | |||||||
U.S. GOVERNMENT OBLIGATIONS — 2.3% | ||||||||
$715,000 | U.S. Treasury Bills, 0.120% to 0.156%††, 08/27/20 to 09/03/20 | $ | 714,836 | |||||
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TOTAL INVESTMENTS — 100.0% (Cost $31,414,106) | $ | 30,565,246 | ||||||
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† | Non-income producing security. |
†† | Represents annualized yields at dates of purchase. |
REIT Real Estate Investment Trust
2