TETON
Westwood
SmallCap
Equity
Fund
Schedule
of
Investments—June
30,
2022
(Unaudited)
1
Shares
Market
Value
COMMON
STOCKS
—
93.2%
Aerospace
—
0.4%
3,600
Hexcel
Corp.
......................................................
$
188,316
Automotive
—
2.0%
15,750
Rush
Enterprises
Inc.,
Cl. A
..............................
759,150
5,800
Winnebago
Industries
Inc.
................................
281,648
1,040,798
Aviation:
Parts
and
Services
—
3.6%
44,100
AAR
Corp.†
........................................................
1,845,144
Banking
—
14.3%
10,633
Atlantic
Union
Bankshares
Corp.
.....................
360,671
12,900
Banc
of
California
Inc.
.......................................
227,298
10,800
Columbia
Banking
System
Inc.
.........................
309,420
47,300
First
Foundation
Inc.
.........................................
968,704
15,000
Five
Star
Bancorp
...............................................
396,300
6,800
Glacier
Bancorp
Inc.
..........................................
322,456
28,150
OceanFirst
Financial
Corp.
...............................
538,509
26,000
Old
National
Bancorp
.......................................
384,540
7,133
SouthState
Corp.
................................................
550,311
7,700
Third
Coast
Bancshares
Inc.†
............................
168,630
4,440
TrustCo
Bank
Corp.
NY
....................................
136,930
19,050
Umpqua
Holdings
Corp.
..................................
319,469
20,000
USCB
Financial
Holdings
Inc.†
........................
230,800
63,020
Valley
National
Bancorp
...................................
656,038
36,700
Veritex
Holdings
Inc.
.........................................
1,073,842
14,000
Washington
Federal
Inc.
....................................
420,280
7,600
Washington
Trust
Bancorp
Inc.
........................
367,612
7,431,810
Broadcasting
—
1.3%
8,600
Chicken
Soup
For
The
Soul
Entertainment
Inc.†
.................................................................
63,726
35,900
Hemisphere
Media
Group
Inc.†
.......................
273,917
20,900
IMAX
Corp.†
......................................................
353,001
690,644
Building
and
Construction
—
2.9%
26,000
Babcock
&
Wilcox
Enterprises
Inc.†
.................
156,780
5,500
EMCOR
Group
Inc.
...........................................
566,280
7,300
MYR
Group
Inc.†
...............................................
643,349
3,200
Skyline
Champion
Corp.†
.................................
151,744
1,518,153
Business
Services
—
4.9%
20,400
ABM
Industries
Inc.
...........................................
885,768
9,300
Deluxe
Corp.
......................................................
201,531
3,150
FTI
Consulting
Inc.†
..........................................
569,678
9,900
Heidrick
&
Struggles
International
Inc.
...........
320,364
7,200
McGrath
RentCorp
............................................
547,200
2,524,541
Communications
—
0.6%
6,200
ATN
International
Inc.
......................................
290,842
Communications
Equipment
—
2.9%
80,800
Extreme
Networks
Inc.†
....................................
720,736
100,000
Infinera
Corp.†
...................................................
536,000
3,100
Lumentum
Holdings
Inc.†
................................
246,202
1,502,938
Computer
Software
and
Services
—
6.4%
44,200
NetScout
Systems
Inc.†
.....................................
1,496,170
50,000
Paya
Holdings
Inc.†
...........................................
328,500
Shares
Market
Value
16,300
Progress
Software
Corp.
....................................
$
738,390
11,000
Skillsoft
Corp.†
..................................................
38,720
6,900
Teradata
Corp.†
.................................................
255,369
25,600
Unisys
Corp.†
....................................................
307,968
28,671
Vimeo
Inc.†
........................................................
172,599
3,337,716
Consumer
Products
—
2.9%
18,800
Hanesbrands
Inc.
...............................................
193,452
64,800
KAR
Auction
Services
Inc.†
..............................
957,096
3,800
Oxford
Industries
Inc.
.......................................
337,212
1,487,760
Diversified
Industrial
—
4.3%
2,600
Albany
International
Corp.,
Cl. A
....................
204,854
7,600
Apogee
Enterprises
Inc.
....................................
298,072
23,300
Enerpac
Tool
Group
Corp.
................................
443,166
9,500
Kennametal
Inc.
.................................................
220,685
9,800
Luxfer
Holdings
plc
...........................................
148,176
53,800
Steelcase
Inc.,
Cl. A
............................................
577,274
12,900
Textainer
Group
Holdings
Ltd.
........................
353,589
2,245,816
Electronics
—
4.8%
14,300
Advanced
Energy
Industries
Inc.
.....................
1,043,614
6,300
Comtech
Telecommunications
Corp.
...............
57,141
7,500
FARO
Technologies
Inc.†
..................................
231,225
11,500
Plantronics
Inc.†
.................................................
456,320
55,500
TTM
Technologies
Inc.†
....................................
693,750
2,482,050
Energy
and
Utilities
—
8.7%
31,100
ChampionX
Corp.
..............................................
617,335
10,100
Diamondback
Energy
Inc.
.................................
1,223,615
8,600
Dril-Quip
Inc.†
...................................................
221,880
32,700
Magnolia
Oil
&
Gas
Corp.,
Cl. A
......................
686,373
28,900
Oceaneering
International
Inc.†
.......................
308,652
91,700
Patterson-UTI
Energy
Inc.
.................................
1,445,192
4,503,047
Environmental
Control
—
1.0%
15,300
Evoqua
Water
Technologies
Corp.†
.................
497,403
Equipment
and
Supplies
—
1.8%
8,700
CIRCOR
International
Inc.†
..............................
142,593
27,100
Flowserve
Corp.
.................................................
775,873
918,466
Financial
Services
—
4.4%
8,800
Brown
&
Brown
Inc.
..........................................
513,392
6,178
Citizens
Financial
Group
Inc.
...........................
220,493
6,000
Horace
Mann
Educators
Corp.
.........................
230,280
4,700
Mercury
General
Corp.
.....................................
208,210
6,400
ProAssurance
Corp.
..........................................
151,232
9,750
Stifel
Financial
Corp.
.........................................
546,195
7,700
Univest
Financial
Corp.
.....................................
195,888
5,743
Webster
Financial
Corp.
....................................
242,067
2,307,757
Health
Care
—
7.8%
4,100
AMN
Healthcare
Services
Inc.†
........................
449,811
4,400
Haemonetics
Corp.†
..........................................
286,792
1,780
ICU
Medical
Inc.†
..............................................
292,614
24,400
Natus
Medical
Inc.†
...........................................
799,588
5,850
Omnicell
Inc.†
....................................................
665,438
41,600
Patterson
Cos.
Inc.
.............................................
1,260,480
TETON
Westwood
SmallCap
Equity
Fund
Schedule
of
Investments
(Continued)—June
30,
2022
(Unaudited)
2
__________
Shares
Market
Value
COMMON
STOCKS
(Continued)
Health
Care
(Continued)
11,000
Supernus
Pharmaceuticals
Inc.†
.......................
$
318,120
4,072,843
Machinery
—
1.3%
57,700
Mueller
Water
Products
Inc.,
Cl. A
...................
676,821
Materials
—
0.7%
8,700
Avient
Corp.
.......................................................
348,696
Real
Estate
—
1.1%
10,000
Alpine
Income
Property
Trust
Inc.,
REIT
........
179,200
22,100
CareTrust
REIT
Inc.
...........................................
407,524
586,724
Retail
—
3.5%
17,550
American
Eagle
Outfitters
Inc.
.........................
196,209
54,000
Ethan
Allen
Interiors
Inc.
..................................
1,091,340
5,800
The
Hain
Celestial
Group
Inc.†
........................
137,692
20,900
Urban
Outfitters
Inc.†
........................................
389,994
1,815,235
Semiconductors
—
8.9%
1,100
CMC
Materials
Inc.
............................................
191,939
16,000
Cohu
Inc.†
..........................................................
444,000
10,700
Entegris
Inc.
.......................................................
985,791
16,900
FormFactor
Inc.†
................................................
654,537
9,100
Marvell
Technology
Inc.
....................................
396,123
4,000
MKS
Instruments
Inc.
........................................
410,520
19,000
nLight
Inc.†
........................................................
194,180
19,400
Onto
Innovation
Inc.†
........................................
1,352,956
4,630,046
Specialty
Chemicals
—
1.2%
8,100
Darling
Ingredients
Inc.†
..................................
484,380
2,700
Minerals
Technologies
Inc.
................................
165,618
649,998
Transportation
—
1.5%
22,300
The
Greenbrier
Companies
Inc.
........................
802,577
TOTAL
COMMON
STOCKS
.........................
48,396,141
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
—
6.8%
$
3,535,000
U.S.
Treasury
Bills,
0.794%
to
1.683%††,
07/28/22
to
09/29/22
........................................
3,528,128
TOTAL
INVESTMENTS
—
100.0%
(Cost
$38,123,605)
...........................................
$
51,924,269
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
REIT
Real
Estate
Investment
Trust