TETON Westwood Mighty Mites Fund (WMMAX) NPORT-P TETON Westwood Mighty Mites Fund (Dec 2023 report)

TETON

Westwood

Mighty

Mites

Fund

Schedule

of

Investments—December

31,

2023

(Unaudited)

1

Shares

Market

Value

COMMON

STOCKS

—

99

.6

%

Aerospace

and

Defense

—

1

.8

%

120,500‌

Allient

Inc.

..........................................................

$

3,640,305‌

102,518‌

Avio

SpA

†

..........................................................

957,458‌

100,000‌

Innovative

Solutions

and

Support

Inc.

†

...........

853,000‌

7,000‌

Kratos

Defense

&

Security

Solutions

Inc.

†

......

142,030‌

60,600‌

Park

Aerospace

Corp.

........................................

890,820‌

6,483,613‌

Agriculture

—

1

.0

%

215‌

J.G.

Boswell

Co.

..................................................

131,150‌

156,000‌

Limoneira

Co.

....................................................

3,218,280‌

195,500‌

S&W

Seed

Co.

†

..................................................

136,850‌

3,486,280‌

Automotive

—

2

.1

%

27,000‌

Rush

Enterprises

Inc.

,

Cl. A

..............................

1,358,100‌

90,500‌

Rush

Enterprises

Inc.

,

Cl. B

...............................

4,794,690‌

51,200‌

Wabash

National

Corp.

.....................................

1,311,744‌

7,464,534‌

Automotive:

Parts

and

Accessories

—

3

.7

%

215,928‌

Commercial

Vehicle

Group

Inc.

†

......................

1,513,655‌

47,500‌

Dana

Inc.

............................................................

693,975‌

50,000‌

Garrett

Motion

Inc.

†

..........................................

483,500‌

6,560‌

Gentherm

Inc.

†

..................................................

343,482‌

84,000‌

Modine

Manufacturing

Co.

†

............................

5,014,800‌

11,500‌

Motorcar

Parts

of

America

Inc.

†

.......................

107,410‌

80,000‌

Puradyn

Filter

Technologies

Inc.

†

....................

0‌

40,000‌

Standard

Motor

Products

Inc.

..........................

1,592,400‌

114,060‌

Strattec

Security

Corp.

†

.....................................

2,864,047‌

20,500‌

Titan

International

Inc.

†

....................................

305,040‌

12,918,309‌

Aviation:

Parts

and

Services

—

4

.2

%

198,000‌

Astronics

Corp.

†

................................................

3,449,160‌

23,896‌

Astronics

Corp.

,

Cl. B

†

......................................

416,746‌

165,540‌

Ducommun

Inc.

†

...............................................

8,618,012‌

43,000‌

Heroux-Devtek

Inc.

†

.........................................

493,265‌

75,000‌

Kaman

Corp.

......................................................

1,796,250‌

14,773,433‌

Broadcasting

—

1

.5

%

190,000‌

Beasley

Broadcast

Group

Inc.

,

Cl. A

†

...............

166,820‌

314,000‌

Corus

Entertainment

Inc.

,

Cl. B

........................

168,250‌

30,280‌

Dish

TV

India

Ltd.

,

GDR

†

.................................

4,603‌

239,620‌

Gray

Television

Inc.

...........................................

2,146,995‌

87,000‌

Gray

Television

Inc.

,

Cl. A

................................

745,181‌

32,000‌

Sinclair

Inc.

.........................................................

416,960‌

144,000‌

Townsquare

Media

Inc.

,

Cl. A

..........................

1,520,640‌

5,169,449‌

Building

and

Construction

—

4

.0

%

59,059‌

Armstrong

Flooring

Inc.

†

..................................

6‌

75,000‌

Gibraltar

Industries

Inc.

†

..................................

5,923,500‌

5,000‌

Granite

Construction

Inc.

..................................

254,300‌

5,000‌

Herc

Holdings

Inc.

.............................................

744,450‌

13,000‌

MYR

Group

Inc.

†

...............................................

1,880,190‌

33,465‌

The

Monarch

Cement

Co.

.................................

5,337,667‌

14,140,113‌

Business

Services

—

1

.7

%

100,000‌

AdTheorent

Holding

Co.

Inc.

†

.........................

145,000‌

23,000‌

Diebold

Nixdorf

Inc.

†

........................................

0‌

36,900‌

Du-Art

Film

Laboratories

Inc.

†

(a)

....................

159,998‌

4,100‌

Du-Art

Film

Laboratories

Inc.

†

(a)

....................

17,778‌

Shares

Market

Value

5,000‌

ICF

International

Inc.

........................................

$

670,450‌

31,400‌

OPENLANE

Inc.

†

..............................................

465,034‌

2,299,900‌

Trans-Lux

Corp.

†

(b)

..........................................

1,839,920‌

35,000‌

Viad

Corp.

†

........................................................

1,267,000‌

57,000‌

Willdan

Group

Inc.

†

..........................................

1,225,500‌

5,790,680‌

Communications

—

0

.4

%

104,000‌

Comtech

Telecommunications

Corp.

...............

876,720‌

40,000‌

Ooma

Inc.

†

.........................................................

429,200‌

1,305,920‌

Communications

Equipment

—

0

.5

%

53,000‌

Anterix

Inc.

†

.......................................................

1,765,960‌

Computer

Software

and

Services

—

1

.5

%

4,000‌

Agilysys

Inc.

†

.....................................................

339,280‌

625,000‌

Alithya

Group

Inc.

,

Cl. A

†

................................

818,750‌

124,000‌

American

Software

Inc.

,

Cl. A

..........................

1,401,200‌

4,000‌

Cardlytics

Inc.

†

..................................................

36,840‌

45,000‌

DHI

Group

Inc.

†

................................................

116,550‌

10,000‌

Digi

International

Inc.

†

.....................................

260,000‌

10,000‌

Materialise

NV

,

ADR

†

.......................................

65,650‌

137,000‌

Mitek

Systems

Inc.

†

...........................................

1,786,480‌

24,600‌

Playstudios

Inc.

†

................................................

66,666‌

1,000‌

Tyler

Technologies

Inc.

†

....................................

418,120‌

5,309,536‌

Consumer

Products

—

2

.8

%

51,000‌

Acme

United

Corp.

............................................

2,185,860‌

27,700‌

Bassett

Furniture

Industries

Inc.

.......................

459,820‌

770,000‌

Goodbaby

International

Holdings

Ltd.

†

..........

70,999‌

5,000‌

Johnson

Outdoors

Inc.

,

Cl. A

............................

267,100‌

226,000‌

Lifetime

Brands

Inc.

..........................................

1,516,460‌

322,000‌

Marine

Products

Corp.

......................................

3,670,800‌

14,000‌

MarineMax

Inc.

†

................................................

544,600‌

13,500‌

Oil-Dri

Corp.

of

America

..................................

905,580‌

5,700‌

PC

Group

Inc.

†

(a)

..............................................

1‌

2,200,000‌

Playmates

Holdings

Ltd.

...................................

157,777‌

9,778,997‌

Consumer

Services

—

0

.6

%

168,000‌

1-800-Flowers.com

Inc.

,

Cl. A

†

.........................

1,811,040‌

63,400‌

Bowlin

Travel

Centers

Inc.

†

..............................

270,718‌

3,500‌

Carriage

Services

Inc.

........................................

87,535‌

2,169,293‌

Diversified

Industrial

—

12

.7

%

181,000‌

American

Outdoor

Brands

Inc.

†

.......................

1,520,400‌

145,000‌

Ampco-Pittsburgh

Corp.

†

.................................

395,850‌

202,000‌

Burnham

Holdings

Inc.

,

Cl. A

(b)

......................

2,373,500‌

64,000‌

Columbus

McKinnon

Corp.

..............................

2,497,280‌

220,782‌

Distribution

Solutions

Group

Inc.

†

..................

6,967,880‌

134,000‌

Graham

Corp.

†

..................................................

2,541,980‌

1,500‌

Griffon

Corp.

......................................................

91,425‌

17,000‌

Haulotte

Group

SA

†

..........................................

47,481‌

700‌

Hyster-Yale

Materials

Handling

Inc.

................

43,533‌

300,500‌

Intevac

Inc.

†

.......................................................

1,298,160‌

10,000‌

John

Bean

Technologies

Corp.

..........................

994,500‌

171,760‌

L.B.

Foster

Co.

,

Cl. A

†

........................................

3,777,002‌

7,000‌

MSA

Safety

Inc.

..................................................

1,181,810‌

567,870‌

Myers

Industries

Inc.

.........................................

11,101,859‌

189,000‌

Park-Ohio

Holdings

Corp.

................................

5,095,440‌

19,300‌

RWC

Inc.

†

...........................................................

135,100‌

8,500‌

Standex

International

Corp.

..............................

1,346,230‌

TETON

Westwood

Mighty

Mites

Fund

Schedule

of

Investments

(Continued)—December

31,

2023

(Unaudited)

2

Shares

Market

Value

COMMON

STOCKS

(Continued)

Diversified

Industrial

(Continued)

10,200‌

Steel

Partners

Holdings

LP

†

.............................

$

408,000‌

167,000‌

Tredegar

Corp.

...................................................

903,470‌

110,000‌

Twin

Disc

Inc.

....................................................

1,777,600‌

44,498,500‌

Educational

Services

—

0

.3

%

81,500‌

Universal

Technical

Institute

Inc.

†

...................

1,020,380‌

Electronics

—

6

.3

%

112,000‌

Arlo

Technologies

Inc.

†

.....................................

1,066,240‌

6,000‌

Badger

Meter

Inc.

..............................................

926,220‌

80,300‌

Bel

Fuse

Inc.

,

Cl. A

.............................................

5,148,836‌

139,000‌

CTS

Corp.

...........................................................

6,079,860‌

59,500‌

Daktronics

Inc.

†

.................................................

504,560‌

30,000‌

IMAX

Corp.

†

......................................................

450,600‌

34,000‌

Kimball

Electronics

Inc.

†

...................................

916,300‌

3,000‌

Mesa

Laboratories

Inc.

......................................

314,310‌

7,890‌

Methode

Electronics

Inc.

...................................

179,340‌

62,000‌

Stoneridge

Inc.

†

.................................................

1,213,340‌

77,000‌

Ultra

Clean

Holdings

Inc.

†

...............................

2,628,780‌

129,000‌

Ultralife

Corp.

†

..................................................

879,780‌

54,012‌

Vishay

Precision

Group

Inc.

†

...........................

1,840,189‌

22,148,355‌

Energy

and

Utilities:

Natural

Gas

—

0

.6

%

86,010‌

RGC

Resources

Inc.

...........................................

1,749,443‌

3,500‌

Unitil

Corp.

........................................................

183,995‌

1,933,438‌

Energy

and

Utilities:

Services

—

0

.5

%

205,000‌

Alvopetro

Energy

Ltd.

......................................

1,021,094‌

24,000‌

Dawson

Geophysical

Co.

†

................................

43,920‌

8,000‌

Dril-Quip

Inc.

†

...................................................

186,160‌

58,000‌

RPC

Inc.

..............................................................

422,240‌

6,500‌

Subsea

7

SA

,

ADR

..............................................

94,302‌

1,767,716‌

Energy

and

Utilities:

Water

—

1

.8

%

31,820‌

Artesian

Resources

Corp.

,

Cl. A

.......................

1,318,939‌

9,000‌

Cadiz

Inc.

†

..........................................................

25,200‌

22,200‌

California

Water

Service

Group

.......................

1,151,514‌

45,000‌

Consolidated

Water

Co.

Ltd.

............................

1,602,000‌

29,200‌

Energy

Recovery

Inc.

†

.......................................

550,128‌

5,000‌

Middlesex

Water

Co.

.........................................

328,100‌

37,660‌

The

York

Water

Co.

............................................

1,454,429‌

6,430,310‌

Entertainment

—

0

.5

%

83,307‌

Borussia

Dortmund

GmbH

&

Co.

KGaA

†

.......

331,080‌

1,500‌

Canterbury

Park

Holding

Corp.

.......................

30,660‌

53,000‌

Sportech

plc

........................................................

56,748‌

14,500‌

TKO

Group

Holdings

Inc.

.................................

1,182,910‌

1,601,398‌

Environmental

Control

—

0

.7

%

27,100‌

Casella

Waste

Systems

Inc.

,

Cl. A

†

...................

2,315,966‌

15,000‌

Primo

Water

Corp.

.............................................

225,750‌

2,541,716‌

Equipment

and

Supplies

—

6

.1

%

14,000‌

AZZ

Inc.

.............................................................

813,260‌

133,500‌

Core

Molding

Technologies

Inc.

†

.....................

2,473,755‌

43,000‌

Federal

Signal

Corp.

..........................................

3,299,820‌

33,000‌

Interpump

Group

SpA

......................................

1,707,490‌

Shares

Market

Value

34,200‌

Maezawa

Kyuso

Industries

Co.

Ltd.

................

$

321,383‌

50,000‌

Pitney

Bowes

Inc.

...............................................

220,000‌

284,500‌

The

Eastern

Co.

..................................................

6,259,000‌

79,500‌

The

Gorman-Rupp

Co.

......................................

2,824,635‌

70,000‌

The

L.S.

Starrett

Co.

,

Cl. A

†

...............................

847,000‌

17,500‌

The

Manitowoc

Co.

Inc.

†

..................................

292,075‌

71,000‌

Titan

Machinery

Inc.

†

........................................

2,050,480‌

32,500‌

TransAct

Technologies

Inc.

†

.............................

226,850‌

21,335,748‌

Financial

Services

—

12

.8

%

2,000‌

Ameris

Bancorp

.................................................

106,100‌

20,000‌

Atlantic

American

Corp.

...................................

47,600‌

27,500‌

Atlantic

Union

Bankshares

Corp.

.....................

1,004,850‌

11,300‌

Bank7

Corp.

........................................................

309,055‌

9,660‌

Berkshire

Hills

Bancorp

Inc.

.............................

239,858‌

2,200‌

Burke

&

Herbert

Financial

Services

Corp.

.......

138,380‌

7,200‌

Cadence

Bank

....................................................

213,048‌

79,800‌

Capital

City

Bank

Group

Inc.

...........................

2,348,514‌

8,000‌

Capitol

Federal

Financial

Inc.

...........................

51,600‌

14,000‌

Citizens

&

Northern

Corp.

................................

314,020‌

5,000‌

ConnectOne

Bancorp

Inc.

.................................

114,550‌

19,600‌

Crazy

Woman

Creek

Bancorp

Inc.

...................

449,820‌

1,014‌

Farmers

&

Merchants

Bank

of

Long

Beach

.....

5,197,764‌

40,000‌

Farmers

National

Banc

Corp.

...........................

578,000‌

20,000‌

First

Internet

Bancorp

........................................

483,800‌

378,800‌

Flushing

Financial

Corp.

...................................

6,242,624‌

74,000‌

FNB

Corp.

..........................................................

1,018,980‌

32,116‌

FS

Bancorp

Inc.

..................................................

1,187,007‌

10‌

Guaranty

Corp.

,

Cl. A

†

(a)

.................................

55,000‌

15,000‌

Hanover

Bancorp

Inc.

........................................

264,600‌

12,600‌

HomeStreet

Inc.

.................................................

129,780‌

9,030‌

Hope

Bancorp

Inc.

.............................................

109,082‌

79,791‌

I3

Verticals

Inc.

,

Cl. A

†

......................................

1,689,176‌

17,000‌

ICC

Holdings

Inc.

†

............................................

259,420‌

50,000‌

KKR

&

Co.

Inc.

...................................................

4,142,500‌

75,700‌

Legacy

Housing

Corp.

†

.....................................

1,909,154‌

700‌

LendingTree

Inc.

†

..............................................

21,224‌

94,700‌

Medallion

Financial

Corp.

................................

932,795‌

4,197‌

Northrim

BanCorp

Inc.

.....................................

240,110‌

9,000‌

Pacific

Premier

Bancorp

Inc.

.............................

261,990‌

15,000‌

Primis

Financial

Corp.

.......................................

189,900‌

30,530‌

Renasant

Corp.

...................................................

1,028,250‌

31,800‌

Sandy

Spring

Bancorp

Inc.

................................

866,232‌

3,000‌

Seacoast

Banking

Corp.

of

Florida

...................

85,380‌

3,600‌

Security

National

Corp.

.....................................

504,000‌

68,500‌

Silvercrest

Asset

Management

Group

Inc.

,

Cl. A

.................................................................

1,164,500‌

38,000‌

Southern

First

Bancshares

Inc.

†

........................

1,409,800‌

4,500‌

Southside

Bancshares

Inc.

.................................

140,940‌

8,900‌

SouthState

Corp.

................................................

751,605‌

21,500‌

Sprott

Inc.

...........................................................

728,214‌

64,000‌

Stellar

Bancorp

Inc.

............................................

1,781,760‌

4,500‌

Territorial

Bancorp

Inc.

.....................................

50,175‌

5,500‌

Thomasville

Bancshares

Inc.

.............................

341,000‌

4,500‌

Towne

Bank

.......................................................

133,920‌

10,010‌

TrustCo

Bank

Corp.

NY

....................................

310,811‌

8,000‌

United

Bankshares

Inc.

.....................................

300,400‌

44,000‌

Valley

National

Bancorp

...................................

477,840‌

31,800‌

Value

Line

Inc.

...................................................

1,550,250‌

40,410‌

Washington

Trust

Bancorp

Inc.

........................

1,308,476‌

63,000‌

Waterstone

Financial

Inc.

..................................

894,600‌

75,000‌

Western

New

England

Bancorp

Inc.

................

675,000‌

TETON

Westwood

Mighty

Mites

Fund

Schedule

of

Investments

(Continued)—December

31,

2023

(Unaudited)

3

Shares

Market

Value

COMMON

STOCKS

(Continued)

Financial

Services

(Continued)

115,000‌

Wright

Investors'

Service

Holdings

Inc.

†

........

$

17,250‌

44,770,704‌

Food

and

Beverage

—

2

.5

%

84,600‌

Andrew

Peller

Ltd.

,

Cl. A

..................................

294,333‌

15,000‌

BellRing

Brands

Inc.

†

........................................

831,450‌

1,900‌

Bridgford

Foods

Corp.

†

....................................

20,805‌

39,200‌

Calavo

Growers

Inc.

..........................................

1,152,872‌

133,000‌

Corby

Spirit

and

Wine

Ltd.

,

Cl. A

....................

1,311,883‌

307,200‌

Crimson

Wine

Group

Ltd.

†

..............................

1,811,251‌

475,809‌

Farmer

Brothers

Co.

†

........................................

1,455,975‌

1,350‌

Hanover

Foods

Corp.

,

Cl. A

..............................

87,750‌

300‌

Hanover

Foods

Corp.

,

Cl. B

..............................

18,516‌

21,000‌

Iwatsuka

Confectionery

Co.

Ltd.

......................

753,617‌

1,000‌

J

&

J

Snack

Foods

Corp.

.....................................

167,140‌

70,000‌

Premier

Foods

plc

..............................................

120,990‌

1,510‌

Rock

Field

Co.

Ltd.

............................................

17,274‌

4,600‌

Scheid

Vineyards

Inc.

,

Cl. A

†

............................

41,345‌

4,000‌

T.

Hasegawa

Co.

Ltd.

........................................

88,085‌

235,200‌

Tingyi

(Cayman

Islands)

Holding

Corp.

.........

286,752‌

207,400‌

Vitasoy

International

Holdings

Ltd.

................

206,643‌

23,000‌

Willamette

Valley

Vineyards

Inc.

†

....................

121,900‌

8,788,581‌

Health

Care

—

4

.6

%

65,000‌

Accuray

Inc.

†

.....................................................

183,950‌

5,500‌

Boiron

SA

...........................................................

244,205‌

9,000‌

CareDx

Inc.

†

.......................................................

108,000‌

3,000‌

Collegium

Pharmaceutical

Inc.

†

.......................

92,340‌

137,660‌

Cutera

Inc.

†

........................................................

485,251‌

35,142‌

Electromed

Inc.

†

................................................

383,399‌

60,500‌

Exelixis

Inc.

†

......................................................

1,451,395‌

195,000‌

InfuSystem

Holdings

Inc.

†

................................

2,055,300‌

17,000‌

Integer

Holdings

Corp.

†

...................................

1,684,360‌

5,500‌

LeMaitre

Vascular

Inc.

.......................................

312,180‌

199,660‌

Neogen

Corp.

†

...................................................

4,015,163‌

60,500‌

NeoGenomics

Inc.

†

............................................

978,890‌

18,000‌

Neuronetics

Inc.

†

...............................................

52,200‌

1,500‌

Omnicell

Inc.

†

....................................................

56,445‌

170,000‌

OPKO

Health

Inc.

†

............................................

256,700‌

21,000‌

Option

Care

Health

Inc.

†

..................................

707,490‌

22,500‌

Orthofix

Medical

Inc.

†

.......................................

303,300‌

2,500‌

QuidelOrtho

Corp.

†

..........................................

184,250‌

1,300‌

STERIS

plc

..........................................................

285,805‌

33,500‌

SurModics

Inc.

†

.................................................

1,217,725‌

67,761‌

United-Guardian

Inc.

........................................

487,879‌

1,000‌

Utah

Medical

Products

Inc.

...............................

84,220‌

7,200‌

Zealand

Pharma

A/S

†

........................................

397,921‌

16,028,368‌

Hotels

and

Gaming

—

5

.4

%

1,944‌

Bally's

Corp.

†

.....................................................

27,099‌

4,000‌

Boyd

Gaming

Corp.

...........................................

250,440‌

20,200‌

Caesars

Entertainment

Inc.

†

.............................

946,976‌

2,000‌

Churchill

Downs

Inc.

........................................

269,860‌

1,211,119‌

Full

House

Resorts

Inc.

†

....................................

6,503,709‌

121,000‌

Gambling.com

Group

Ltd.

†

..............................

1,179,750‌

20,000‌

Genius

Sports

Ltd.

†

...........................................

123,600‌

116,000‌

Golden

Entertainment

Inc.

................................

4,631,880‌

245,221‌

Inspired

Entertainment

Inc.

†

............................

2,422,784‌

194,300‌

PlayAGS

Inc.

†

....................................................

1,637,949‌

10,900‌

Rush

Street

Interactive

Inc.

†

.............................

48,941‌

Shares

Market

Value

70,000‌

The

Marcus

Corp.

..............................................

$

1,020,600‌

19,063,588‌

Machinery

—

5

.0

%

165,000‌

Astec

Industries

Inc.

..........................................

6,138,000‌

4,400‌

DMG

Mori

AG

...................................................

212,268‌

461,000‌

Gencor

Industries

Inc.

†

.....................................

7,440,540‌

18,700‌

Tennant

Co.

........................................................

1,733,303‌

14,820‌

The

Middleby

Corp.

†

........................................

2,181,059‌

17,705,170‌

Manufactured

Housing

and

Recreational

Vehicles

—

2

.9

%

3,400‌

Cavco

Industries

Inc.

†

.......................................

1,178,508‌

106,350‌

Nobility

Homes

Inc.

..........................................

3,668,543‌

42,300‌

Skyline

Champion

Corp.

†

.................................

3,141,198‌

32,000‌

Winnebago

Industries

Inc.

................................

2,332,160‌

10,320,409‌

Metals

and

Mining

—

0

.1

%

36,000‌

Osisko

Gold

Royalties

Ltd.

...............................

513,762‌

400,000‌

Tanami

Gold

NL

†

..............................................

9,540‌

523,302‌

Paper

and

Forest

Products

—

0.0

%

50‌

Keweenaw

Land

Association

Ltd.

†

..................

1,175‌

Publishing

—

0

.8

%

8,000‌

DallasNews

Corp.

..............................................

34,160‌

26,500‌

Lee

Enterprises

Inc.

†

.........................................

208,555‌

339,800‌

The

E.W.

Scripps

Co.

,

Cl. A

†

.............................

2,715,002‌

2,957,717‌

Real

Estate

—

1

.9

%

112,000‌

AmBase

Corp.

†

..................................................

16,800‌

115,800‌

Capital

Properties

Inc.

,

Cl. A

............................

1,386,705‌

28,000‌

DREAM

Unlimited

Corp.

,

Cl. A

.......................

478,623‌

19,000‌

FRP

Holdings

Inc.

†

............................................

1,194,720‌

15,940‌

Gyrodyne

LLC

†

.................................................

151,032‌

6,025‌

Holobeam

Inc.

†

..................................................

198,825‌

237,000‌

Reading

International

Inc.

,

Cl. A

†

....................

452,670‌

74,400‌

Reading

International

Inc.

,

Cl. B

†

.....................

1,047,552‌

2,508‌

Royalty

LLC

†

(a)

.................................................

765‌

94,000‌

Tejon

Ranch

Co.

†

...............................................

1,616,800‌

205,000‌

Trinity

Place

Holdings

Inc.

†

.............................

22,755‌

6,567,247‌

Restaurants

—

4

.2

%

55,000‌

Denny's

Corp.

†

..................................................

598,400‌

180,600‌

Nathan's

Famous

Inc.

........................................

14,088,606‌

14,687,006‌

Retail

—

1

.2

%

16,000‌

Big

5

Sporting

Goods

Corp.

..............................

101,440‌

4,000‌

Ingles

Markets

Inc.

,

Cl. A

..................................

345,480‌

24,000‌

Lands'

End

Inc.

†

................................................

229,440‌

8,000‌

La-Z-Boy

Inc.

......................................................

295,360‌

24,100‌

Movado

Group

Inc.

...........................................

726,615‌

16,000‌

Natural

Grocers

by

Vitamin

Cottage

Inc.

........

256,000‌

60,000‌

Sportsman's

Warehouse

Holdings

Inc.

†

..........

255,600‌

72,000‌

Village

Super

Market

Inc.

,

Cl. A

.......................

1,888,560‌

4,098,495‌

Semiconductors

—

0

.2

%

62,427‌

SkyWater

Technology

Inc.

†

...............................

600,548‌

Specialty

Chemicals

—

2

.2

%

63,280‌

Hawkins

Inc.

......................................................

4,456,178‌

TETON

Westwood

Mighty

Mites

Fund

Schedule

of

Investments

(Continued)—December

31,

2023

(Unaudited)

4

__________

Shares

Market

Value

COMMON

STOCKS

(Continued)

Specialty

Chemicals

(Continued)

5,000‌

Minerals

Technologies

Inc.

................................

$

356,550‌

100,000‌

Navigator

Holdings

Ltd.

...................................

1,455,000‌

10,800‌

Neo

Performance

Materials

Inc.

.......................

62,189‌

25,000‌

Teraoka

Seisakusho

Co.

Ltd.

.............................

99,646‌

66,900‌

The

General

Chemical

Group

Inc.

†

(a)

.............

0‌

193,194‌

Treatt

plc

.............................................................

1,238,661‌

7,668,224‌

Telecommunications

—

0

.5

%

51,000‌

A10

Networks

Inc.

.............................................

671,670‌

10,000‌

Frequency

Electronics

Inc.

................................

109,500‌

230,000‌

INNOVATE

Corp.

†

............................................

282,900‌

30,000‌

Nuvera

Communications

Inc.

...........................

301,500‌

2,800‌

Preformed

Line

Products

Co.

...........................

374,808‌

3,000‌

Shenandoah

Telecommunications

Co.

.............

64,860‌

1,805,238‌

TOTAL

COMMON

STOCKS

.........................

349,419,450‌

PREFERRED

STOCKS

—

0

.1

%

Automotive:

Parts

and

Accessories

—

0

.1

%

8,000‌

Jungheinrich

AG

................................................

293,386‌

RIGHTS

—

0.0

%

Energy

and

Utilities:

Services

—

0.0

%

85,500‌

Pineapple

Energy

Inc.

,

CVR

†

............................

90,220‌

Health

Care

—

0.0

%

25,000‌

Paratek

Pharmaceuticals

Inc.

,

CVR

†

................

500‌

200,000‌

Teva

Pharmaceutical

Industries

Ltd.

,

CCCP

,

expire

01/02/24

†

(a)

.........................................

0‌

500‌

Metals

and

Mining

—

0.0

%

60,000‌

Pan

American

Silver

Corp.

,

CVR

†

....................

30,900‌

TOTAL

RIGHTS

...............................................

121,620‌

WARRANTS

—

0.0

%

Business

Services

—

0.0

%

1‌

Internap

Corp.

,

expire

05/08/24

†

(a)

..................

652‌

Computer

Software

and

Services

—

0.0

%

9,000‌

Otonomo

Technologies

Ltd.

,

expire

08/13/26

†

424‌

Diversified

Industrial

—

0.0

%

47,000‌

Ampco-Pittsburgh

Corp.

,

expire

08/01/25

†

.....

5,640‌

Health

Care

—

0.0

%

8,737‌

Option

Care

Health

Inc.

,

Cl. A

,

expire

07/27/25

†

.........................................................

32,228‌

8,737‌

Option

Care

Health

Inc.

,

Cl. B

,

expire

07/27/25

†

.........................................................

22,678‌

54,906‌

TOTAL

WARRANTS

.......................................

61,622‌

TOTAL

MISCELLANEOUS

INVESTMENTS

—

0

.3

%

(c)

..........................

905,141‌

TOTAL

INVESTMENTS

—

100.0%

(Cost

$

202,066,011

)

.........................................

$

350,801,219‌

(a)

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

3

in

the

fair

value

hierarchy.

(b)

Security

considered

an

affiliated

holding

because

the

Fund

owns

at

least

5%

of

its

outstanding

shares.

(c)

Represents

undisclosed,

unrestricted

securities

which

the

Fund

has

held

for

less

than

one

year.

†

Non-income

producing

security.

ADR

American

Depositary

Receipt

CCCP

Contingent

Cash

Consideration

Payment

CVR

Contingent

Value

Right

GDR

Global

Depositary

Receipt