TETON
Westwood
SmallCap
Equity
Fund
Schedule
of
Investments—June
30,
2021
(Unaudited)
1
Shares
Market
Value
COMMON
STOCKS
—
97
.9
%
Aerospace
—
0
.4
%
3,600
Hexcel
Corp.
†
...................................................
$
224,640
Automotive
—
2
.0
%
15,750
Rush
Enterprises
Inc.
,
Cl. A
............................
681,030
5,800
Winnebago
Industries
Inc.
..............................
394,168
1,075,198
Aviation:
Parts
and
Services
—
3
.2
%
44,100
AAR
Corp.
†
......................................................
1,708,875
Banking
—
15
.4
%
11,700
Atlantic
Capital
Bancshares
Inc.
†
...................
297,882
10,633
Atlantic
Union
Bankshares
Corp.
...................
385,127
12,900
Banc
of
California
Inc.
.....................................
226,266
10,800
Columbia
Banking
System
Inc.
.......................
416,448
33,600
First
Foundation
Inc.
.......................................
756,336
15,000
Five
Star
Bancorp
†
...........................................
362,250
6,800
Glacier
Bancorp
Inc.
........................................
374,544
48,750
Investors
Bancorp
Inc.
.....................................
695,175
28,150
OceanFirst
Financial
Corp.
.............................
586,646
10,900
Old
National
Bancorp
.....................................
191,949
2,921
South
State
Corp.
.............................................
238,821
12,406
Sterling
Bancorp
..............................................
307,545
4,440
TrustCo
Bank
Corp.
NY
..................................
152,647
19,050
Umpqua
Holdings
Corp.
................................
351,472
63,020
Valley
National
Bancorp
.................................
846,359
36,700
Veritex
Holdings
Inc.
.......................................
1,299,547
14,000
Washington
Federal
Inc.
..................................
444,920
7,600
Washington
Trust
Bancorp
Inc.
......................
390,260
8,324,194
Broadcasting
—
1
.4
%
8,600
Chicken
Soup
For
The
Soul
Entertainment
Inc.
†
...............................................................
356,040
35,900
Hemisphere
Media
Group
Inc.
†
.....................
423,620
779,660
Building
and
Construction
—
2
.7
%
5,500
EMCOR
Group
Inc.
.........................................
677,545
8,800
MYR
Group
Inc.
†
.............................................
800,096
1,477,641
Business
Services
—
4
.7
%
20,400
ABM
Industries
Inc.
.........................................
904,740
4,000
Deluxe
Corp.
....................................................
191,080
3,150
FTI
Consulting
Inc.
†
........................................
430,321
9,900
Heidrick
&
Struggles
International
Inc.
.........
441,045
7,200
McGrath
RentCorp
..........................................
587,304
2,554,490
Communications
—
1
.5
%
6,200
ATN
International
Inc.
....................................
282,038
12,400
Meredith
Corp.
†
..............................................
538,656
820,694
Communications
Equipment
—
4
.0
%
80,800
Extreme
Networks
Inc.
†
..................................
901,728
100,000
Infinera
Corp.
†
.................................................
1,020,000
3,100
Lumentum
Holdings
Inc.
†
..............................
254,293
2,176,021
Computer
Software
and
Services
—
4
.9
%
7,600
Bottomline
Technologies
DE
Inc.
†
..................
281,808
44,200
NetScout
Systems
Inc.
†
...................................
1,261,468
16,300
Progress
Software
Corp.
..................................
753,875
Shares
Market
Value
6,900
Teradata
Corp.
†
...............................................
$
344,793
2,641,944
Consumer
Products
—
4
.4
%
18,800
Hanesbrands
Inc.
.............................................
350,996
41,800
KAR
Auction
Services
Inc.
†
............................
733,590
9,700
Oxford
Industries
Inc.
.....................................
958,748
14,000
Tupperware
Brands
Corp.
†
.............................
332,500
2,375,834
Diversified
Industrial
—
4
.2
%
2,600
Albany
International
Corp.
,
Cl. A
..................
232,076
7,600
Apogee
Enterprises
Inc.
..................................
309,548
9,500
Kennametal
Inc.
...............................................
341,240
9,800
Luxfer
Holdings
plc
.........................................
218,050
48,700
Steelcase
Inc.
,
Cl. A
..........................................
735,857
12,900
Textainer
Group
Holdings
Ltd.
†
....................
435,633
2,272,404
Electronics
—
6
.2
%
12,500
Advanced
Energy
Industries
Inc.
...................
1,408,875
6,300
Comtech
Telecommunications
Corp.
.............
152,208
7,500
FARO
Technologies
Inc.
†
................................
583,275
12,000
Plantronics
Inc.
†
...............................................
500,760
49,100
TTM
Technologies
Inc.
†
..................................
702,130
3,347,248
Energy
and
Utilities
—
7
.1
%
31,100
ChampionX
Corp.
†
..........................................
797,715
10,100
Diamondback
Energy
Inc.
...............................
948,289
32,700
Magnolia
Oil
&
Gas
Corp.
,
Cl. A
†
..................
511,101
28,900
Oceaneering
International
Inc.
†
.....................
449,973
115,400
Patterson-UTI
Energy
Inc.
...............................
1,147,076
3,854,154
Environmental
Control
—
1
.0
%
15,300
Evoqua
Water
Technologies
Corp.
†
...............
516,834
Equipment
and
Supplies
—
1
.3
%
8,300
CIRCOR
International
Inc.
†
............................
270,580
11,300
Flowserve
Corp.
...............................................
455,616
726,196
Financial
Services
—
3
.6
%
8,800
Brown
&
Brown
Inc.
........................................
467,632
6,000
Horace
Mann
Educators
Corp.
.......................
224,520
4,700
Mercury
General
Corp.
...................................
305,265
6,400
ProAssurance
Corp.
........................................
145,600
9,750
Stifel
Financial
Corp.
.......................................
632,385
7,700
Univest
Financial
Corp.
...................................
203,049
1,978,451
Health
Care
—
7
.2
%
4,100
AMN
Healthcare
Services
Inc.
†
......................
397,618
4,100
Haemonetics
Corp.
†
........................................
273,224
1,780
ICU
Medical
Inc.
†
............................................
366,324
22,300
Natus
Medical
Inc.
†
.........................................
579,354
5,850
Omnicell
Inc.
†
..................................................
885,983
35,400
Patterson
Cos.
Inc.
...........................................
1,075,806
11,000
Supernus
Pharmaceuticals
Inc.
†
.....................
338,690
3,916,999
Machinery
—
1
.8
%
21,100
Babcock
&
Wilcox
Enterprises
Inc.
†
...............
166,268
57,700
Mueller
Water
Products
Inc.
,
Cl. A
.................
832,034
998,302
TETON
Westwood
SmallCap
Equity
Fund
Schedule
of
Investments
(Continued)—June
30,
2021
(Unaudited)
2
__________
Shares
Market
Value
COMMON
STOCKS
(Continued)
Materials
—
0
.8
%
8,700
Avient
Corp.
.....................................................
$
427,692
Real
Estate
—
0
.9
%
10,000
Alpine
Income
Property
Trust
Inc.
,
REIT
......
190,200
12,700
CareTrust
REIT
Inc.
.........................................
295,021
485,221
Retail
—
4
.6
%
17,550
American
Eagle
Outfitters
Inc.
.......................
658,652
51,800
Ethan
Allen
Interiors
Inc.
................................
1,429,680
2,300
Penske
Automotive
Group
Inc.
.......................
173,627
5,800
The
Hain
Celestial
Group
Inc.
†
......................
232,696
2,494,655
Semiconductors
—
9
.0
%
1,100
CMC
Materials
Inc.
..........................................
165,814
10,700
Entegris
Inc.
.....................................................
1,315,779
16,900
FormFactor
Inc.
†
..............................................
616,174
12,200
Marvell
Technology
Inc.
..................................
711,626
4,000
nLight
Inc.
†
......................................................
145,120
26,400
Onto
Innovation
Inc.
†
......................................
1,928,256
4,882,769
Specialty
Chemicals
—
3
.8
%
8,100
Darling
Ingredients
Inc.
†
................................
546,750
60,200
Ferro
Corp.
†
.....................................................
1,298,514
2,700
Minerals
Technologies
Inc.
..............................
212,409
2,057,673
Transportation
—
1
.8
%
22,300
The
Greenbrier
Companies
Inc.
......................
971,834
TOTAL
COMMON
STOCKS
.......................
53,089,623
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
—
2
.1
%
$
1,130,000
U.S.
Treasury
Bills,
0.013
%
to
0.045
%
††
,
09/09/21
to
11/18/21
......................................
1,129,896
TOTAL
INVESTMENTS
—
100.0%
(Cost
$
32,030,621
)
.........................................
$
54,219,519
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
REIT
Real
Estate
Investment
Trust