TETON
Westwood
SmallCap
Equity
Fund
Schedule
of
Investments—June
30,
2023
(Unaudited)
1
Shares
Market
Value
COMMON
STOCKS
—
92.5%
—
0.5%
66,890
Grupo
Televisa
SAB,
ADR
................................
$
343,146
Aerospace
—
0.6%
5,260
Hexcel
Corp.
......................................................
399,865
Automotive
—
1.9%
17,750
Rush
Enterprises
Inc.,
Cl. A
..............................
1,078,135
4,200
Winnebago
Industries
Inc.
................................
280,098
1,358,233
Aviation:
Parts
and
Services
—
2.9%
35,800
AAR
Corp.†
........................................................
2,067,808
Banking
—
9.2%
15,533
Atlantic
Union
Bankshares
Corp.
.....................
403,081
40,800
Banc
of
California
Inc.
.......................................
472,464
37,211
Columbia
Banking
System
Inc.
.........................
754,639
21,500
Five
Star
Bancorp
...............................................
480,955
7,000
Glacier
Bancorp
Inc.
..........................................
218,190
29,050
OceanFirst
Financial
Corp.
...............................
453,761
42,100
Old
National
Bancorp
.......................................
586,874
10,433
SouthState
Corp.
................................................
686,491
28,800
USCB
Financial
Holdings
Inc.†
........................
293,760
51,720
Valley
National
Bancorp
...................................
400,830
55,700
Veritex
Holdings
Inc.
.........................................
998,701
20,100
Washington
Federal
Inc.
....................................
533,052
10,970
Washington
Trust
Bancorp
Inc.
........................
294,106
6,576,904
Broadcasting
—
1.2%
50,400
IMAX
Corp.†
......................................................
856,296
Building
and
Construction
—
5.2%
50,400
Babcock
&
Wilcox
Enterprises
Inc.†
.................
297,360
7,300
EMCOR
Group
Inc.
...........................................
1,348,894
9,800
MYR
Group
Inc.†
...............................................
1,355,732
10,859
Skyline
Champion
Corp.†
.................................
710,722
3,712,708
Business
Services
—
5.4%
29,600
ABM
Industries
Inc.
...........................................
1,262,440
4,600
FTI
Consulting
Inc.†
..........................................
874,920
25,600
Heidrick
&
Struggles
International
Inc.
...........
677,632
11,352
McGrath
RentCorp
............................................
1,049,833
3,864,825
Communications
—
0.7%
13,200
ATN
International
Inc.
......................................
483,120
Communications
Equipment
—
3.1%
144,900
Infinera
Corp.†
...................................................
699,867
26,600
Lumentum
Holdings
Inc.†
................................
1,509,018
2,208,885
Computer
Software
and
Services
—
5.6%
59,700
NetScout
Systems
Inc.†
.....................................
1,847,715
20,300
Progress
Software
Corp.
....................................
1,179,430
9,970
Teradata
Corp.†
.................................................
532,498
49,500
Unisys
Corp.†
....................................................
197,010
55,000
Vimeo
Inc.†
........................................................
226,600
3,983,253
Consumer
Products
—
2.9%
109,600
OPENLANE
Inc.†
..............................................
1,668,112
Shares
Market
Value
3,800
Oxford
Industries
Inc.
.......................................
$
373,996
2,042,108
Diversified
Industrial
—
3.9%
2,460
Albany
International
Corp.,
Cl. A
....................
229,469
11,070
Apogee
Enterprises
Inc.
....................................
525,493
41,900
Enerpac
Tool
Group
Corp.
................................
1,131,300
13,700
Kennametal
Inc.
.................................................
388,943
12,900
Textainer
Group
Holdings
Ltd.
........................
508,002
2,783,207
Electronics
—
4.8%
17,908
Advanced
Energy
Industries
Inc.
.....................
1,995,847
20,200
FARO
Technologies
Inc.†
..................................
327,240
80,300
TTM
Technologies
Inc.†
....................................
1,116,170
3,439,257
Energy
and
Utilities
—
5.9%
40,900
ChampionX
Corp.
..............................................
1,269,536
5,900
Diamondback
Energy
Inc.
.................................
775,024
4,900
Dril-Quip
Inc.†
...................................................
114,023
40,400
Magnolia
Oil
&
Gas
Corp.,
Cl. A
......................
844,360
32,900
Oceaneering
International
Inc.†
.......................
615,230
53,700
Patterson-UTI
Energy
Inc.
.................................
642,789
4,260,962
Equipment
and
Supplies
—
2.0%
39,000
Flowserve
Corp.
.................................................
1,448,850
Financial
Services
—
4.7%
10,200
Brown
&
Brown
Inc.
..........................................
702,168
14,100
First
Interstate
BancSystem
Inc.,
Cl. A
.............
336,144
7,800
Heritage
Financial
Corp.
...................................
126,126
8,280
Horace
Mann
Educators
Corp.
.........................
245,585
6,530
Mercury
General
Corp.
.....................................
197,663
13,600
Stewart
Information
Services
Corp.
.................
559,504
10,150
Stifel
Financial
Corp.
.........................................
605,650
17,600
Univest
Financial
Corp.
.....................................
318,208
7,413
Webster
Financial
Corp.
....................................
279,841
3,370,889
Health
Care
—
7.6%
4,300
AMN
Healthcare
Services
Inc.†
........................
469,216
6,360
Haemonetics
Corp.†
..........................................
541,490
6,622
ICU
Medical
Inc.†
..............................................
1,179,974
8,550
Omnicell
Inc.†
....................................................
629,879
64,900
Patterson
Cos.
Inc.
.............................................
2,158,574
15,800
Supernus
Pharmaceuticals
Inc.†
.......................
474,948
5,454,081
Machinery
—
2.9%
83,400
Mueller
Water
Products
Inc.,
Cl. A
...................
1,353,582
6,592
Xylem
Inc.
...........................................................
742,391
2,095,973
Materials
—
0.7%
12,690
Avient
Corp.
.......................................................
519,021
Real
Estate
—
1.5%
23,467
Alpine
Income
Property
Trust
Inc.,
REIT
........
381,339
36,400
CareTrust
REIT
Inc.
...........................................
722,904
1,104,243
Retail
—
6.0%
2,990
Advance
Auto
Parts
Inc.
....................................
210,197
84,586
American
Eagle
Outfitters
Inc.
.........................
998,115
78,100
Ethan
Allen
Interiors
Inc.
..................................
2,208,668
TETON
Westwood
SmallCap
Equity
Fund
Schedule
of
Investments
(Continued)—June
30,
2023
(Unaudited)
2
__________
Shares
Market
Value
COMMON
STOCKS
(Continued)
Retail
(Continued)
18,300
The
Hain
Celestial
Group
Inc.†
........................
$
228,933
20,300
Urban
Outfitters
Inc.†
........................................
672,539
4,318,452
Semiconductors
—
10.3%
28,800
Cohu
Inc.†
..........................................................
1,196,928
12,968
Entegris
Inc.
.......................................................
1,437,114
20,878
FormFactor
Inc.†
................................................
714,445
6,700
Marvell
Technology
Inc.
....................................
400,526
7,400
MKS
Instruments
Inc.
........................................
799,940
45,900
nLight
Inc.†
........................................................
707,778
17,971
Onto
Innovation
Inc.†
........................................
2,093,082
7,349,813
Specialty
Chemicals
—
1.1%
9,600
Darling
Ingredients
Inc.†
..................................
612,384
3,000
Minerals
Technologies
Inc.
................................
173,070
785,454
Transportation
—
1.9%
32,305
The
Greenbrier
Companies
Inc.
........................
1,392,345
TOTAL
COMMON
STOCKS
.........................
66,219,698
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
—
7.5%
$
5,415,000
U.S.
Treasury
Bills,
4.927%
to
5.356%††,
07/13/23
to
12/28/23
........................................
5,369,565
TOTAL
INVESTMENTS
—
100.0%
(Cost
$55,268,055)
...........................................
$
71,589,263
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
ADR
American
Depositary
Receipt
REIT
Real
Estate
Investment
Trust