TETON
Westwood
Mighty
Mites
Fund
Schedule
of
Investments—December
31,
2021
(Unaudited)
1
Shares
Market
Value
COMMON
STOCKS
—
97.2%
Aerospace
and
Defense
—
4.9%
527,000
Aerojet
Rocketdyne
Holdings
Inc.
...................
$
24,642,520
136,560
Allied
Motion
Technologies
Inc.
.......................
4,983,074
151,000
Avio
SpA
............................................................
2,011,388
106,000
Innovative
Solutions
and
Support
Inc.†
...........
695,360
7,000
Kratos
Defense
&
Security
Solutions
Inc.†
......
135,800
66,000
Park
Aerospace
Corp.
........................................
871,200
33,339,342
Agriculture
—
0.7%
215
J.G.
Boswell
Co.
..................................................
215,860
232,000
Limoneira
Co.
....................................................
3,480,000
470,000
S&W
Seed
Co.†
..................................................
1,283,100
4,978,960
Automotive
—
1.5%
42,650
Rush
Enterprises
Inc.,
Cl. A
..............................
2,373,046
107,235
Rush
Enterprises
Inc.,
Cl. B
...............................
5,787,473
22,000
Sonic
Automotive
Inc.,
Cl. A
.............................
1,087,900
65,000
Wabash
National
Corp.
.....................................
1,268,800
10,517,219
Automotive:
Parts
and
Accessories
—
2.2%
293,693
Commercial
Vehicle
Group
Inc.†
......................
2,367,166
47,500
Dana
Inc.
............................................................
1,083,950
12,190
Gentherm
Inc.†
..................................................
1,059,311
352,000
Modine
Manufacturing
Co.†
............................
3,551,680
18,000
Motorcar
Parts
of
America
Inc.†
.......................
307,260
80,000
Puradyn
Filter
Technologies
Inc.†
....................
8
48,028
Standard
Motor
Products
Inc.
..........................
2,516,187
110,560
Strattec
Security
Corp.†
.....................................
4,092,931
20,500
Titan
International
Inc.†
....................................
224,680
15,203,173
Aviation:
Parts
and
Services
—
2.5%
191,670
Astronics
Corp.†
................................................
2,300,040
23,896
Astronics
Corp.,
Cl. B†
......................................
286,991
180,540
Ducommun
Inc.†
...............................................
8,443,856
142,250
Kaman
Corp.
......................................................
6,138,087
17,168,974
Broadcasting
—
1.5%
412,092
Beasley
Broadcast
Group
Inc.,
Cl. A†
...............
778,854
295,145
Dish
TV
India
Ltd.,
GDR†
.................................
29,515
241,120
Gray
Television
Inc.
...........................................
4,860,979
86,293
Gray
Television
Inc.,
Cl. A
................................
1,586,928
32,000
Sinclair
Broadcast
Group
Inc.,
Cl. A
.................
845,760
150,000
Townsquare
Media
Inc.,
Cl. A†
........................
1,999,500
10,101,536
Building
and
Construction
—
3.0%
95,500
Gibraltar
Industries
Inc.†
..................................
6,367,940
5,500
Granite
Construction
Inc.
..................................
212,850
6,000
Herc
Holdings
Inc.
.............................................
939,300
170,000
Huttig
Building
Products
Inc.†
.........................
1,881,900
30,700
MYR
Group
Inc.†
...............................................
3,393,885
76,270
The
Monarch
Cement
Co.
.................................
8,008,350
20,804,225
Business
Services
—
2.7%
2,277
American
Airlines
Group
Inc.†
.........................
40,895
20,000
comScore
Inc.†
...................................................
66,800
340,000
Diebold
Nixdorf
Inc.†
........................................
3,077,000
4,100
Du-Art
Film
Laboratories
Inc.†
........................
266,500
13,500
IAA
Inc.†
............................................................
683,370
Shares
Market
Value
19,780
ICF
International
Inc.
........................................
$
2,028,439
31,800
KAR
Auction
Services
Inc.†
..............................
496,716
223,000
MoneyGram
International
Inc.†
.......................
1,759,470
241,000
PFSweb
Inc.†
......................................................
3,104,080
45,000
Team
Inc.†
..........................................................
49,050
2,280,000
Trans-Lux
Corp.†(a)
..........................................
1,186,740
53,160
Viad
Corp.†
........................................................
2,274,716
104,169
Willdan
Group
Inc.†
..........................................
3,666,749
18,700,525
Communications
—
0.4%
107,000
Comtech
Telecommunications
Corp.
...............
2,534,830
Communications
Equipment
—
1.0%
50,000
Anterix
Inc.†
.......................................................
2,938,000
342,600
Communications
Systems
Inc.
..........................
822,240
185,000
Extreme
Networks
Inc.†
....................................
2,904,500
35,000
Limelight
Networks
Inc.†
.................................
120,050
6,784,790
Computer
Software
and
Services
—
2.3%
4,000
Agilysys
Inc.†
.....................................................
177,840
722,821
Alithya
Group
Inc.,
Cl. A†
................................
1,843,194
158,000
American
Software
Inc.,
Cl. A
..........................
4,134,860
50,000
Avid
Technology
Inc.†
.......................................
1,628,500
14,000
Cardlytics
Inc.†
..................................................
925,260
45,000
DHI
Group
Inc.†
................................................
280,800
154,620
Digi
International
Inc.†
.....................................
3,799,013
10,000
iGO
Inc.†
.............................................................
30,000
10,000
Materialise
NV,
ADR†
.......................................
238,700
137,000
Mitek
Systems
Inc.†
...........................................
2,431,750
1,000
Tyler
Technologies
Inc.†
....................................
537,950
16,027,867
Consumer
Products
—
2.2%
57,000
Acme
United
Corp.
............................................
1,920,900
60,000
Bassett
Furniture
Industries
Inc.
.......................
1,006,200
15,000
BellRing
Brands
Inc.,
Cl. A†
..............................
427,950
700,000
Goodbaby
International
Holdings
Ltd.†
..........
89,772
5,000
Johnson
Outdoors
Inc.,
Cl. A
............................
468,450
251,175
Lifetime
Brands
Inc.
..........................................
4,011,265
400,000
Marine
Products
Corp.
......................................
5,000,000
13,500
MarineMax
Inc.†
................................................
797,040
33,020
Oil-Dri
Corp.
of
America
..................................
1,080,744
5,700
PC
Group
Inc.†
..................................................
0
2,300,000
Playmates
Holdings
Ltd.
...................................
227,123
15,029,444
Consumer
Services
—
0.7%
102,000
1-800-Flowers.com
Inc.,
Cl. A†
.........................
2,383,740
64,000
Bowlin
Travel
Centers
Inc.†
..............................
360,000
29,500
Carriage
Services
Inc.
........................................
1,900,980
4,644,720
Diversified
Industrial
—
10.7%
134,016
Ampco-Pittsburgh
Corp.†
.................................
670,080
228,000
Burnham
Holdings
Inc.,
Cl. A(a)
......................
3,155,520
40,500
Chase
Corp.
........................................................
4,032,180
85,160
Columbus
McKinnon
Corp.
..............................
3,939,502
40,000
Graham
Corp.
....................................................
497,600
403,313
Griffon
Corp.
......................................................
11,486,354
18,700
Haulotte
Group
SA†
..........................................
102,192
2,000
Hyster-Yale
Materials
Handling
Inc.
................
82,200
166,730
Intevac
Inc.†
.......................................................
785,298
15,000
John
Bean
Technologies
Corp.
..........................
2,303,400
TETON
Westwood
Mighty
Mites
Fund
Schedule
of
Investments
(Continued)—December
31,
2021
(Unaudited)
2
Shares
Market
Value
COMMON
STOCKS
(Continued)
Diversified
Industrial
(Continued)
158,100
L.B.
Foster
Co.,
Cl. A†
........................................
$
2,173,875
224,239
Lawson
Products
Inc.†
......................................
12,277,085
8,000
MSA
Safety
Inc.
..................................................
1,207,680
766,870
Myers
Industries
Inc.
.........................................
15,345,069
23,000
Napco
Security
Technologies
Inc.†
...................
1,149,540
190,047
Park-Ohio
Holdings
Corp.
................................
4,023,295
19,500
RWC
Inc.†
...........................................................
43,875
15,000
Standex
International
Corp.
..............................
1,659,900
94,182
Steel
Partners
Holdings
LP†
.............................
3,955,644
302,000
Tredegar
Corp.
...................................................
3,569,640
115,000
Twin
Disc
Inc.†
...................................................
1,260,400
73,720,329
Educational
Services
—
0.1%
95,000
Universal
Technical
Institute
Inc.†
...................
742,900
Electronics
—
5.2%
147,000
Arlo
Technologies
Inc.†
.....................................
1,542,030
25,700
Badger
Meter
Inc.
..............................................
2,738,592
153,800
Bel
Fuse
Inc.,
Cl. A(a)
........................................
2,222,410
249,580
CTS
Corp.
...........................................................
9,164,578
46,000
Daktronics
Inc.†
.................................................
232,300
30,000
IMAX
Corp.†
......................................................
535,200
36,000
Kimball
Electronics
Inc.†
...................................
783,360
5,500
Mesa
Laboratories
Inc.
......................................
1,804,495
20,800
Methode
Electronics
Inc.
...................................
1,022,736
593,000
Schmitt
Industries
Inc.†(a)
................................
3,291,150
115,000
Stoneridge
Inc.†
.................................................
2,270,100
109,000
Ultra
Clean
Holdings†
......................................
6,252,240
189,000
Ultralife
Corp.†
..................................................
1,141,560
70,000
Vishay
Precision
Group
Inc.†
...........................
2,598,400
35,599,151
Energy
and
Utilities:
Natural
Gas
—
0.8%
9,180
Chesapeake
Utilities
Corp.
...............................
1,338,536
107,308
Corning
Natural
Gas
Holding
Corp.
...............
2,611,877
54,310
RGC
Resources
Inc.
...........................................
1,249,673
5,200,086
Energy
and
Utilities:
Services
—
0.2%
213,833
Alvopetro
Energy
Ltd.
......................................
725,201
24,000
Dawson
Geophysical
Co.†
................................
55,560
61,000
RPC
Inc.†
............................................................
276,940
6,500
Subsea
7
SA,
ADR
..............................................
46,150
1,103,851
Energy
and
Utilities:
Water
—
1.8%
34,926
Artesian
Resources
Corp.,
Cl. A
.......................
1,618,121
10,000
Cadiz
Inc.†
..........................................................
38,600
23,800
California
Water
Service
Group
.......................
1,710,268
61,000
Consolidated
Water
Co.
Ltd.
............................
649,040
30,000
Energy
Recovery
Inc.†
.......................................
644,700
6,752
Middlesex
Water
Co.
.........................................
812,266
62,304
SJW
Group
.........................................................
4,560,653
43,007
The
York
Water
Co.
............................................
2,140,888
12,174,536
Entertainment
—
0.5%
108,000
Borussia
Dortmund
GmbH
&
Co.
KGaA†
.......
533,638
2,000
Canterbury
Park
Holding
Corp.†
.....................
34,520
101,000
GAN
Ltd.†
..........................................................
928,190
534,555
Sportech
plc†
......................................................
274,948
Shares
Market
Value
28,000
World
Wrestling
Entertainment
Inc.,
Cl. A
.....
$
1,381,520
3,152,816
Environmental
Control
—
1.0%
74,500
Casella
Waste
Systems
Inc.,
Cl. A†
...................
6,363,790
15,000
Primo
Water
Corp.
.............................................
264,450
6,628,240
Equipment
and
Supplies
—
4.9%
17,500
AZZ
Inc.
.............................................................
967,575
44,266
CIRCOR
International
Inc.†
..............................
1,203,150
169,500
Core
Molding
Technologies
Inc.†
.....................
1,442,445
115,000
Federal
Signal
Corp.
..........................................
4,984,100
52,000
Interpump
Group
SpA
......................................
3,815,569
247,000
Kimball
International
Inc.,
Cl. B
.......................
2,526,810
34,200
Maezawa
Kyuso
Industries
Co.
Ltd.
................
317,234
20,950
Powell
Industries
Inc.
........................................
617,815
298,000
The
Eastern
Co.
..................................................
7,497,680
86,000
The
Gorman-Rupp
Co.
......................................
3,831,300
65,000
The
L.S.
Starrett
Co.,
Cl. A†
...............................
607,750
154,000
Titan
Machinery
Inc.†
........................................
5,188,260
33,000
TransAct
Technologies
Inc.†
.............................
359,700
33,359,388
Financial
Services
—
11.4%
47,000
Allegiance
Bancshares
Inc.
................................
1,983,870
2,000
Ameris
Bancorp
.................................................
99,360
22,000
Atlantic
American
Corp.
...................................
53,900
244,158
Atlantic
Capital
Bancshares
Inc.†
.....................
7,024,426
41,744
Atlantic
Union
Bankshares
Corp.
.....................
1,556,634
13,500
Berkshire
Bancorp
Inc.†
....................................
147,150
11,275
Berkshire
Hills
Bancorp
Inc.
.............................
320,548
74
Burke
&
Herbert
Bank
and
Trust
Co.
...............
162,800
14,740
Cadence
Bank
....................................................
439,105
81,800
Capital
City
Bank
Group
Inc.
...........................
2,159,520
10,000
Capitol
Federal
Financial
Inc.
...........................
113,300
16,560
Citizens
&
Northern
Corp.
................................
432,547
5,000
ConnectOne
Bancorp
Inc.
.................................
163,550
28,300
Crazy
Woman
Creek
Bancorp
Inc.
...................
790,985
21,111
Dime
Community
Bancshares
Inc.
...................
742,263
1,120
Farmers
&
Merchants
Bank
of
Long
Beach
.....
8,993,600
40,000
Farmers
National
Banc
Corp.
...........................
742,000
26,440
First
Internet
Bancorp
........................................
1,243,738
391,300
Flushing
Financial
Corp.
...................................
9,508,590
74,000
FNB
Corp.
..........................................................
897,620
32,116
FS
Bancorp
Inc.
..................................................
1,080,061
65,048
GTY
Technology
Holdings
Inc.†
......................
435,822
10
Guaranty
Corp.,
Cl. A†(b)
.................................
51,000
12,000
Hallmark
Financial
Services
Inc.†
....................
52,200
27,300
HomeStreet
Inc.
.................................................
1,419,600
9,030
Hope
Bancorp
Inc.
.............................................
132,831
127,000
I3
Verticals
Inc.,
Cl. A†
......................................
2,894,330
17,000
ICC
Holdings
Inc.†
............................................
284,920
62,500
KKR
&
Co.
Inc.
...................................................
4,656,250
67,700
Legacy
Housing
Corp.†
.....................................
1,792,019
4,860
LendingTree
Inc.†
..............................................
595,836
110,000
Medallion
Financial
Corp.†
..............................
638,000
4,197
Northrim
BanCorp
Inc.
.....................................
182,402
19,390
OceanFirst
Financial
Corp.
...............................
430,458
11,000
Pacific
Premier
Bancorp
Inc.
.............................
440,330
50,332
People's
United
Financial
Inc.
...........................
896,916
145,000
Pzena
Investment
Management
Inc.,
Cl. A
......
1,373,150
33,651
Renasant
Corp.
...................................................
1,277,055
2,989
Salisbury
Bancorp
Inc.
.......................................
158,058
TETON
Westwood
Mighty
Mites
Fund
Schedule
of
Investments
(Continued)—December
31,
2021
(Unaudited)
3
Shares
Market
Value
COMMON
STOCKS
(Continued)
Financial
Services
(Continued)
27,000
Sandy
Spring
Bancorp
Inc.
................................
$
1,298,160
3,000
Seacoast
Banking
Corp.
of
Florida
...................
106,170
4,500
Security
National
Corp.
.....................................
573,187
74,000
Silvercrest
Asset
Management
Group
Inc.,
Cl. A
.................................................................
1,270,580
6,750
Simmons
First
National
Corp.,
Cl. A
................
199,665
66,010
Southern
First
Bancshares
Inc.†
........................
4,124,965
4,500
Southside
Bancshares
Inc.
.................................
188,190
13,500
SouthState
Corp.
................................................
1,081,485
22,000
Sprott
Inc.
...........................................................
992,735
118,143
Sterling
Bancorp
................................................
3,046,908
25,500
Territorial
Bancorp
Inc.
.....................................
643,875
5,700
Thomasville
Bancshares
Inc.
.............................
367,650
5,000
Towne
Bank
.......................................................
157,950
10,010
TrustCo
Bank
Corp.
NY
....................................
333,433
8,701
United
Bankshares
Inc.
.....................................
315,672
51,152
Valley
National
Bancorp
...................................
703,340
32,200
Value
Line
Inc.
...................................................
1,507,604
45,900
Washington
Trust
Bancorp
Inc.
........................
2,587,383
74,800
Waterstone
Financial
Inc.
..................................
1,635,128
79,260
Western
New
England
Bancorp
Inc.
................
694,318
240,000
Wright
Investors'
Service
Holdings
Inc.†
........
69,600
78,264,742
Food
and
Beverage
—
2.0%
84,600
Andrew
Peller
Ltd.,
Cl. A
..................................
545,742
1,900
Bridgford
Foods
Corp.†
....................................
22,097
54,000
Calavo
Growers
Inc.
..........................................
2,289,600
133,000
Corby
Spirit
and
Wine
Ltd.,
Cl. A
....................
1,763,240
370,500
Crimson
Wine
Group
Ltd.†
..............................
3,056,625
395,639
Farmer
Brothers
Co.†
........................................
2,947,510
1,250
Hanover
Foods
Corp.,
Cl. A
..............................
71,250
300
Hanover
Foods
Corp.,
Cl. B
..............................
23,400
21,000
Iwatsuka
Confectionery
Co.
Ltd.
......................
715,639
1,500
J
&
J
Snack
Foods
Corp.
.....................................
236,940
3,860
John
B
Sanfilippo
&
Son
Inc.
.............................
348,018
70,000
Premier
Foods
plc
..............................................
105,929
1,510
Rock
Field
Co.
Ltd.
............................................
19,769
4,600
Scheid
Vineyards
Inc.,
Cl. A†
............................
79,810
4,000
T.
Hasegawa
Co.
Ltd.
........................................
94,028
235,200
Tingyi
(Cayman
Islands)
Holding
Corp.
.........
483,216
207,400
Vitasoy
International
Holdings
Ltd.
................
418,654
23,000
Willamette
Valley
Vineyards
Inc.†
....................
199,640
13,421,107
Health
Care
—
7.1%
35,000
Accuray
Inc.†
.....................................................
166,950
22,000
Anika
Therapeutics
Inc.†
..................................
788,260
5,700
Boiron
SA
...........................................................
231,998
101,660
Cardiovascular
Systems
Inc.†
...........................
1,909,175
9,000
CareDx
Inc.†
.......................................................
409,320
7,000
Collegium
Pharmaceutical
Inc.†
.......................
130,760
185,000
Conformis
Inc.†
..................................................
140,859
261,660
Cutera
Inc.†
........................................................
10,811,791
35,142
Electromed
Inc.†
................................................
456,846
62,000
Exelixis
Inc.†
......................................................
1,133,360
1,000
Heska
Corp.†
.....................................................
182,490
175,000
InfuSystem
Holdings
Inc.†
................................
2,980,250
23,000
Integer
Holdings
Corp.†
...................................
1,968,570
198,665
IntriCon
Corp.†
..................................................
3,212,413
11,500
Invitae
Corp.†
....................................................
175,605
5,500
LeMaitre
Vascular
Inc.
.......................................
276,265
Shares
Market
Value
25,000
Meridian
Bioscience
Inc.†
.................................
$
510,000
212,000
Neogen
Corp.†
...................................................
9,626,920
60,500
NeoGenomics
Inc.†
............................................
2,064,260
19,500
Omnicell
Inc.†
....................................................
3,518,580
220,000
OPKO
Health
Inc.†
............................................
1,058,200
21,000
Option
Care
Health
Inc.†
..................................
597,240
62,700
Orthofix
Medical
Inc.†
.......................................
1,949,343
44,000
Paratek
Pharmaceuticals
Inc.†
..........................
197,560
2,500
Quidel
Corp.†
....................................................
337,475
18,000
Surgalign
Holdings
Inc.†
..................................
12,895
50,000
SurModics
Inc.†
.................................................
2,407,500
2,000
Targanta
Therapeutics
Corp.,
Escrow†(b)
.......
0
70,511
United-Guardian
Inc.
........................................
1,156,380
1,200
Utah
Medical
Products
Inc.
...............................
120,000
22,000
Zealand
Pharma
A/S†
........................................
488,698
49,019,963
Hotels
and
Gaming
—
5.5%
42,964
Bally's
Corp.†
.....................................................
1,635,210
34,000
Boyd
Gaming
Corp.†
.........................................
2,229,380
22,000
Caesars
Entertainment
Inc.†
.............................
2,057,660
4,690
Churchill
Downs
Inc.
........................................
1,129,821
1,217,119
Full
House
Resorts
Inc.†
....................................
14,739,311
160,500
Golden
Entertainment
Inc.†
..............................
8,110,065
355,721
Inspired
Entertainment
Inc.†
............................
4,610,144
5,000
Monarch
Casino
&
Resort
Inc.†
........................
369,750
232,000
PlayAGS
Inc.†
....................................................
1,575,280
20,000
Rush
Street
Interactive
Inc.†
.............................
330,000
72,500
The
Marcus
Corp.†
............................................
1,294,850
38,081,471
Machinery
—
4.0%
219,500
Astec
Industries
Inc.
..........................................
15,204,765
4,400
DMG
Mori
AG
...................................................
211,146
473,037
Gencor
Industries
Inc.†
.....................................
5,454,117
4,980
Lindsay
Corp.
....................................................
756,960
22,650
Tennant
Co.
........................................................
1,835,556
20,020
The
Middleby
Corp.†
........................................
3,939,135
14,000
Williams
Industrial
Services
Group
Inc.†
........
41,860
27,443,539
Manufactured
Housing
and
Recreational
Vehicles
—
3.5%
26,740
Cavco
Industries
Inc.†
.......................................
8,493,961
175,431
Nobility
Homes
Inc.
..........................................
6,140,085
79,500
Skyline
Champion
Corp.†
.................................
6,278,910
40,000
Winnebago
Industries
Inc.
................................
2,996,800
23,909,756
Metals
and
Mining
—
0.1%
40,000
Osisko
Gold
Royalties
Ltd.
...............................
489,506
400,000
Tanami
Gold
NL†
..............................................
19,498
509,004
Paper
and
Forest
Products
—
0.4%
26,550
Keweenaw
Land
Association
Ltd.
....................
2,835,540
Publishing
—
1.0%
100,000
ARC
Document
Solutions
Inc.
..........................
350,000
343,600
The
E.W.
Scripps
Co.,
Cl. A
...............................
6,648,660
6,998,660
Real
Estate
—
4.3%
116,000
Ambase
Corp.†
..................................................
40,600
115,300
Capital
Properties
Inc.,
Cl. A
............................
1,452,780
5,040
Cohen
&
Steers
Inc.
...........................................
466,250
30,000
DREAM
Unlimited
Corp.,
Cl. A
.......................
920,906
TETON
Westwood
Mighty
Mites
Fund
Schedule
of
Investments
(Continued)—December
31,
2021
(Unaudited)
4
__________
Shares
Market
Value
COMMON
STOCKS
(Continued)
Real
Estate
(Continued)
22,000
FRP
Holdings
Inc.†
............................................
$
1,271,600
16,138
Gyrodyne
LLC†
.................................................
185,748
6,200
Holobeam
Inc.†
..................................................
239,940
244,693
Indus
Realty
Trust
Inc.,
REIT
............................
19,834,815
289,269
Reading
International
Inc.,
Cl. A†
....................
1,168,647
73,400
Reading
International
Inc.,
Cl. B†
.....................
1,688,200
2,508
Royalty
LLC†(b)
.................................................
255
90,000
Tejon
Ranch
Co.†
...............................................
1,717,200
474,664
Trinity
Place
Holdings
Inc.†
.............................
873,382
29,860,323
Restaurants
—
2.0%
57,000
Denny's
Corp.†
..................................................
912,000
220,234
Nathan's
Famous
Inc.(a)
....................................
12,859,463
13,771,463
Retail
—
1.9%
16,000
Big
5
Sporting
Goods
Corp.
..............................
304,160
10,000
Ethan
Allen
Interiors
Inc.
..................................
262,900
55,740
Ingles
Markets
Inc.,
Cl. A
..................................
4,812,591
20,000
Lands'
End
Inc.†
................................................
392,600
33,000
La-Z-Boy
Inc.
......................................................
1,198,230
76,500
Movado
Group
Inc.
...........................................
3,199,995
1,000
PetMed
Express
Inc.
..........................................
25,260
2,328
Tuesday
Morning
Corp.†
..................................
5,308
130,174
Village
Super
Market
Inc.,
Cl. A
.......................
3,044,770
13,245,814
Specialty
Chemicals
—
2.8%
459,200
Ferro
Corp.†
.......................................................
10,024,336
72,840
Hawkins
Inc.
......................................................
2,873,538
3,500
Minerals
Technologies
Inc.
................................
256,025
100,043
Navigator
Holdings
Ltd.†
.................................
887,382
106,100
Neo
Performance
Materials
Inc.
.......................
1,701,022
33,000
Teraoka
Seisakusho
Co.
Ltd.
.............................
109,015
66,900
The
General
Chemical
Group
Inc.†
..................
0
192,174
Treatt
plc
.............................................................
3,342,505
19,193,823
Telecommunications
—
0.4%
91,000
A10
Networks
Inc.
.............................................
1,508,780
15,000
Frequency
Electronics
Inc.†
..............................
147,900
9,000
Iridium
Communications
Inc.†
.........................
371,610
30,000
Nuvera
Communications
Inc.
...........................
630,000
1,500
Preformed
Line
Products
Co.
...........................
97,050
5,000
Shenandoah
Telecommunications
Co.
.............
127,500
2,882,840
Transportation
—
0.0%
5,000
Patriot
Transportation
Holding
Inc.
.................
40,350
TOTAL
COMMON
STOCKS
.........................
666,995,297
PREFERRED
STOCKS
—
0.7%
Automotive:
Parts
and
Accessories
—
0.1%
19,300
Jungheinrich
AG
................................................
986,150
Financial
Services
—
0.6%
153,000
Steel
Partners
Holdings
LP,
Ser.
A,
6.000%,
02/07/26
...........................................................
3,739,320
TOTAL
PREFERRED
STOCKS
.......................
4,725,470
Shares
Market
Value
CONVERTIBLE
PREFERRED
STOCKS
—
0.0%
Food
and
Beverage
—
0.0%
500
Seneca
Foods
Corp.,
Ser.
2003
.........................................................................
$
23,975
MANDATORY
CONVERTIBLE
SECURITIES
(c) —
0.1%
Energy
and
Utilities
—
0.1%
15,095
Corning
Natural
Gas
Holding
Corp.,
Ser.
B,
4.800%,
09/30/26
..............................................
439,265
RIGHTS
—
0.0%
Entertainment
—
0.0%
550,000
Media
General
Inc.,
CVR†(b)
............................
1
Health
Care
—
0.0%
8,000
Progenics
Pharmaceuticals
Inc.,
CVR†(b)
........
3,978
200,000
Teva
Pharmaceutical
Industries
Ltd.,
CCCP,
expire
02/20/23†(b)
.........................................
0
TOTAL
RIGHTS
...............................................
3,979
WARRANTS
—
0.0%
Business
Services
—
0.0%
1
Internap
Corp.,
expire
05/08/24†(b)
..................
652
Diversified
Industrial
—
0.0%
47,000
Ampco-Pittsburgh
Corp.,
expire
08/01/25†
.....
27,721
Energy
and
Utilities:
Natural
Gas
—
0.0%
144
PHI
Group
Inc.,
expire
09/04/22†
.....................
0
Energy
and
Utilities:
Services
—
0.0%
7,627
Weatherford
International
plc,
expire
12/13/23†
.........................................................
3,814
Health
Care
—
0.0%
8,737
Option
Care
Health
Inc.,
Cl. A,
expire
07/27/25†
.........................................................
27,662
8,737
Option
Care
Health
Inc.,
Cl. B,
expire
07/27/25†
.........................................................
22,753
TOTAL
WARRANTS
.......................................
82,602
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
—
0.4%
$
2,910,000
U.S.
Treasury
Bills,
0.005%
to
0.035%††,
01/20/22
to
03/24/22
........................................
2,909,738
TOTAL
MISCELLANEOUS
INVESTMENTS
—
1.6%(d)
.........................
10,989,759
TOTAL
INVESTMENTS
—
100.0%
(Cost
$334,288,768)
.........................................
$
686,170,085
(a)
Security
considered
an
affiliated
holding
because
the
Fund
owns
at
least
5%
of
its
outstanding
shares.
(b)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(c)
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.
TETON
Westwood
Mighty
Mites
Fund
Schedule
of
Investments
(Continued)—December
31,
2021
(Unaudited)
5
(d)
Represents
previously
undisclosed,
unrestricted
securities
which
the
Fund
has
held
for
less
than
one
year.
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
ADR
American
Depositary
Receipt
CCCP
Contingent
Cash
Consideration
Payment
CVR
Contingent
Value
Right
GDR
Global
Depositary
Receipt
REIT
Real
Estate
Investment
Trust