TETON Westwood Mighty Mites Fund (WMMAX) NPORT-P TETON Westwood Mighty Mites Fund (Dec 2024 report)

TETON

Westwood

Mighty

Mites

Fund

Schedule

of

Investments—December

31,

2024

(Unaudited)

1

Shares

Market

Value

COMMON

STOCKS

—

99

.8

%

Aerospace

and

Defense

—

2

.1

%

72,500‌

Allient

Inc.

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

$

1,760,300‌

87,000‌

Avio

SpA

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

1,252,653‌

92,000‌

Innovative

Solutions

and

Support

Inc.

†

...........

785,680‌

6,700‌

Kratos

Defense

&

Security

Solutions

Inc.

†

......

176,746‌

58,400‌

Park

Aerospace

Corp.

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

855,560‌

4,830,939‌

Agriculture

—

1

.5

%

215‌

J.G.

Boswell

Co.

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

117,605‌

135,000‌

Limoneira

Co.

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

3,302,100‌

4,700‌

S&W

Seed

Co.

†

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

37,459‌

3,457,164‌

Automotive

—

1

.8

%

10,000‌

Rush

Enterprises

Inc.

,

Cl. A

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

547,900‌

52,400‌

Rush

Enterprises

Inc.

,

Cl. B

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

2,852,656‌

43,800‌

Wabash

National

Corp.

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

750,294‌

4,150,850‌

Automotive:

Parts

and

Accessories

—

2

.7

%

54,228‌

Commercial

Vehicle

Group

Inc.

†

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

134,486‌

24,750‌

Dana

Inc.

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

286,110‌

50,000‌

Garrett

Motion

Inc.

†

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

451,500‌

3,000‌

Modine

Manufacturing

Co.

†

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

347,790‌

7,800‌

Motorcar

Parts

of

America

Inc.

†

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

59,280‌

80,000‌

Puradyn

Filter

Technologies

Inc.

†

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

8‌

33,200‌

Standard

Motor

Products

Inc.

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

1,028,536‌

93,660‌

Strattec

Security

Corp.

†

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

3,858,792‌

20,500‌

Titan

International

Inc.

†

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

139,195‌

6,305,697‌

Aviation:

Parts

and

Services

—

4

.8

%

172,000‌

Astronics

Corp.

†

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

2,745,120‌

23,896‌

Astronics

Corp.

,

Cl. B

†

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

383,889‌

128,000‌

Ducommun

Inc.

†

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

8,148,480‌

11,277,489‌

Broadcasting

—

1

.3

%

2,600‌

Beasley

Broadcast

Group

Inc.

,

Cl. A

†

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

24,128‌

10,000‌

Corus

Entertainment

Inc.

,

Cl. B

†

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

626‌

30,280‌

Dish

TV

India

Ltd.

,

GDR

†

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

3,028‌

248,240‌

Gray

Television

Inc.

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

781,956‌

87,000‌

Gray

Television

Inc.

,

Cl. A

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

634,230‌

28,400‌

Sinclair

Inc.

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

458,376‌

117,000‌

Townsquare

Media

Inc.

,

Cl. A

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

1,063,530‌

2,965,874‌

Building

and

Construction

—

4

.2

%

59,059‌

Armstrong

Flooring

Inc.

†

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

0‌

59,500‌

Gibraltar

Industries

Inc.

†

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

3,504,550‌

4,700‌

Granite

Construction

Inc.

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

412,237‌

400‌

Herc

Holdings

Inc.

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

75,732‌

9,000‌

INNOVATE

Corp.

†

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

44,460‌

7,000‌

MYR

Group

Inc.

†

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

1,041,390‌

21,900‌

The

Monarch

Cement

Co.

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

4,781,624‌

9,859,993‌

Business

Services

—

1

.8

%

36,900‌

Du-Art

Film

Laboratories

Inc.

†

(a)

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

44,501‌

4,100‌

Du-Art

Film

Laboratories

Inc.

†

(a)

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

4,945‌

3,000‌

ICF

International

Inc.

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

357,630‌

31,000‌

OPENLANE

Inc.

†

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

615,040‌

2,298,900‌

Trans-Lux

Corp.

†

(b)

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

974,734‌

32,000‌

Viad

Corp.

†

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

1,360,320‌

Shares

Market

Value

20,000‌

Willdan

Group

Inc.

†

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

$

761,800‌

4,118,970‌

Communications

—

0

.2

%

30,000‌

Ooma

Inc.

†

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

421,800‌

Communications

Equipment

—

0

.7

%

51,000‌

Anterix

Inc.

†

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

1,564,170‌

Computer

Software

and

Services

—

1

.7

%

40,000‌

3D

Systems

Corp.

†

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

131,200‌

518,000‌

Alithya

Group

Inc.

,

Cl. A

†

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

536,130‌

4,000‌

Cardlytics

Inc.

†

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

14,840‌

45,000‌

DHI

Group

Inc.

†

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

79,650‌

8,000‌

Digi

International

Inc.

†

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

241,840‌

69,000‌

Logility

Supply

Chain

Solutions

Inc.

,

Cl. A

.....

764,520‌

10,000‌

Materialise

NV

,

ADR

†

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

70,400‌

111,500‌

Mitek

Systems

Inc.

†

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

1,240,995‌

24,600‌

Playstudios

Inc.

†

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

45,756‌

10,000‌

Red

Violet

Inc.

†

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

362,000‌

1,000‌

Tyler

Technologies

Inc.

†

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

576,640‌

4,063,971‌

Consumer

Products

—

2

.2

%

13,000‌

Acme

United

Corp.

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

485,290‌

10,000‌

Bassett

Furniture

Industries

Inc.

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

138,300‌

900,000‌

Goodbaby

International

Holdings

Ltd.

†

..........

103,133‌

5,000‌

Johnson

Outdoors

Inc.

,

Cl. A

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

165,000‌

159,000‌

Lifetime

Brands

Inc.

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

939,690‌

248,000‌

Marine

Products

Corp.

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

2,274,160‌

4,000‌

MarineMax

Inc.

†

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

115,800‌

8,700‌

Oil-Dri

Corp.

of

America

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

762,468‌

5,700‌

PC

Group

Inc.

†

(a)

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

0‌

2,200,000‌

Playmates

Holdings

Ltd.

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

161,460‌

5,145,301‌

Consumer

Services

—

0

.7

%

141,000‌

1-800-Flowers.com

Inc.

,

Cl. A

†

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

1,151,970‌

63,400‌

Bowlin

Travel

Centers

Inc.

†

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

248,845‌

3,500‌

Carriage

Services

Inc.

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

139,475‌

1,540,290‌

Diversified

Industrial

—

13

.9

%

159,500‌

American

Outdoor

Brands

Inc.

†

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

2,430,780‌

112,000‌

Ampco-Pittsburgh

Corp.

†

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

234,080‌

169,900‌

Burnham

Holdings

Inc.

,

Cl. A

(b)

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

2,361,610‌

32,500‌

Columbus

McKinnon

Corp.

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

1,210,300‌

151,591‌

Distribution

Solutions

Group

Inc.

†

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

5,214,731‌

68,000‌

Graham

Corp.

†

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

3,023,960‌

1,000‌

Griffon

Corp.

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

71,270‌

17,000‌

Haulotte

Group

SA

†

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

46,841‌

400‌

Hyster-Yale

Inc.

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

20,372‌

193,000‌

Intevac

Inc.

†

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

656,200‌

156,037‌

L.B.

Foster

Co.

,

Cl. A

†

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

4,197,395‌

5,600‌

MSA

Safety

Inc.

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

928,312‌

399,000‌

Myers

Industries

Inc.

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

4,404,960‌

162,000‌

Park-Ohio

Holdings

Corp.

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

4,255,740‌

19,100‌

RWC

Inc.

†

(a)

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

229,200‌

1,800‌

Standex

International

Corp.

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

336,582‌

13,000‌

Steel

Partners

Holdings

LP

†

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

553,280‌

121,000‌

Tredegar

Corp.

†

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

929,280‌

100,500‌

Twin

Disc

Inc.

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

1,180,875‌

32,285,768‌

TETON

Westwood

Mighty

Mites

Fund

Schedule

of

Investments

(Continued)—December

31,

2024

(Unaudited)

2

Shares

Market

Value

COMMON

STOCKS

(Continued)

Educational

Services

—

0

.7

%

59,800‌

Universal

Technical

Institute

Inc.

†

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

$

1,537,458‌

Electronics

—

5

.3

%

72,000‌

Arlo

Technologies

Inc.

†

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

805,680‌

3,250‌

Badger

Meter

Inc.

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

689,390‌

16,470‌

Bel

Fuse

Inc.

,

Cl. A

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

1,483,617‌

68,200‌

CTS

Corp.

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

3,596,186‌

11,200‌

Daktronics

Inc.

†

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

188,832‌

30,000‌

IMAX

Corp.

†

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

768,000‌

30,000‌

Kimball

Electronics

Inc.

†

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

561,900‌

1,600‌

Mesa

Laboratories

Inc.

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

210,992‌

1,690‌

Methode

Electronics

Inc.

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

19,925‌

4,400‌

Napco

Security

Technologies

Inc.

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

156,464‌

38,000‌

Stoneridge

Inc.

†

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

238,260‌

46,200‌

Ultra

Clean

Holdings

Inc.

†

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

1,660,890‌

111,000‌

Ultralife

Corp.

†

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

826,950‌

45,012‌

Vishay

Precision

Group

Inc.

†

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

1,056,432‌

12,263,518‌

Energy

and

Utilities:

Natural

Gas

—

0

.9

%

95,130‌

RGC

Resources

Inc.

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

1,908,308‌

3,500‌

Unitil

Corp.

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

189,665‌

2,097,973‌

Energy

and

Utilities:

Services

—

0

.5

%

190,000‌

Alvopetro

Energy

Ltd.

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

679,398‌

24,000‌

Dawson

Geophysical

Co.

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

31,440‌

58,000‌

RPC

Inc.

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

344,520‌

6,500‌

Subsea

7

SA

,

ADR

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

103,122‌

1,158,480‌

Energy

and

Utilities:

Water

—

2

.1

%

31,320‌

Artesian

Resources

Corp.

,

Cl. A

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

990,339‌

8,000‌

Cadiz

Inc.

†

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

41,600‌

21,000‌

California

Water

Service

Group

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

951,930‌

37,000‌

Consolidated

Water

Co.

Ltd.

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

957,930‌

28,000‌

Energy

Recovery

Inc.

†

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

411,600‌

5,000‌

Middlesex

Water

Co.

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

263,150‌

36,660‌

The

York

Water

Co.

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

1,199,515‌

4,816,064‌

Entertainment

—

0

.2

%

43,307‌

Borussia

Dortmund

GmbH

&

Co.

KGaA

........

140,859‌

1,183‌

Canterbury

Park

Holding

Corp.

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

24,855‌

53,000‌

Sportech

plc

†

(a)

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

55,734‌

2,500‌

TKO

Group

Holdings

Inc.

†

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

355,275‌

576,723‌

Environmental

Control

—

0

.5

%

12,000‌

Casella

Waste

Systems

Inc.

,

Cl. A

†

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

1,269,720‌

Equipment

and

Supplies

—

5

.3

%

7,000‌

AZZ

Inc.

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

573,440‌

95,690‌

Core

Molding

Technologies

Inc.

†

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

1,582,713‌

7,500‌

Federal

Signal

Corp.

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

692,925‌

19,000‌

Interpump

Group

SpA

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

839,598‌

34,200‌

Maezawa

Kyuso

Industries

Co.

Ltd.

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

292,562‌

50,000‌

Pitney

Bowes

Inc.

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

362,000‌

173,460‌

The

Eastern

Co.

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

4,603,628‌

49,000‌

The

Gorman-Rupp

Co.

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

1,858,080‌

16,000‌

The

Manitowoc

Co.

Inc.

†

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

146,080‌

86,300‌

Titan

Machinery

Inc.

†

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

1,219,419‌

Shares

Market

Value

32,500‌

TransAct

Technologies

Inc.

†

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

$

132,925‌

12,303,370‌

Financial

Services

—

14

.6

%

1,300‌

Ameris

Bancorp

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

81,341‌

20,000‌

Atlantic

American

Corp.

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

30,000‌

23,400‌

Atlantic

Union

Bankshares

Corp.

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

886,392‌

3,000‌

Bank7

Corp.

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

139,980‌

5,660‌

Berkshire

Hills

Bancorp

Inc.

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

160,914‌

2,000‌

Burke

&

Herbert

Financial

Services

Corp.

.......

124,720‌

6,500‌

Cadence

Bank

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

223,925‌

75,500‌

Capital

City

Bank

Group

Inc.

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

2,767,075‌

3,500‌

Capitol

Federal

Financial

Inc.

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

20,685‌

13,000‌

Citizens

&

Northern

Corp.

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

241,800‌

5,000‌

ConnectOne

Bancorp

Inc.

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

114,550‌

19,600‌

Crazy

Woman

Creek

Bancorp

Inc.

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

735,000‌

2,000‌

Eagle

Bancorp

Inc.

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

52,060‌

160‌

Farmers

&

Merchants

Bank

of

Long

Beach

.....

912,000‌

40,000‌

Farmers

National

Banc

Corp.

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

568,800‌

20,000‌

First

Internet

Bancorp

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

719,800‌

235,000‌

Flushing

Financial

Corp.

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

3,355,800‌

71,000‌

FNB

Corp.

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

1,049,380‌

26,000‌

FS

Bancorp

Inc.

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

1,067,560‌

10‌

Guaranty

Corp.

,

Cl. A

†

(a)

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

27,500‌

14,000‌

Hanover

Bancorp

Inc.

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

322,770‌

9,030‌

Hope

Bancorp

Inc.

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

110,979‌

66,791‌

I3

Verticals

Inc.

,

Cl. A

†

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

1,538,865‌

15,500‌

ICC

Holdings

Inc.

†

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

360,530‌

20,800‌

KKR

&

Co.

Inc.

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

3,076,528‌

55,000‌

Legacy

Housing

Corp.

†

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

1,357,400‌

700‌

LendingTree

Inc.

†

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

27,125‌

78,000‌

Medallion

Financial

Corp.

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

732,420‌

4,000‌

Northrim

BanCorp

Inc.

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

311,760‌

8,500‌

Pacific

Premier

Bancorp

Inc.

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

211,820‌

15,000‌

Primis

Financial

Corp.

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

174,900‌

25,530‌

Renasant

Corp.

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

912,697‌

17,000‌

Sandy

Spring

Bancorp

Inc.

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

573,070‌

3,000‌

Seacoast

Banking

Corp.

of

Florida

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

82,590‌

3,600‌

Security

National

Corp.

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

532,782‌

59,400‌

Silvercrest

Asset

Management

Group

Inc.

,

Cl. A

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

1,092,366‌

22,000‌

Southern

First

Bancshares

Inc.

†

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

874,500‌

4,600‌

Southside

Bancshares

Inc.

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

146,096‌

1,300‌

SouthState

Corp.

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

129,324‌

21,000‌

Sprott

Inc.

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

884,879‌

60,000‌

Stellar

Bancorp

Inc.

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

1,701,000‌

4,500‌

Territorial

Bancorp

Inc.

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

43,785‌

5,500‌

Thomasville

Bancshares

Inc.

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

390,500‌

4,500‌

Towne

Bank

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

153,270‌

4,620‌

TrustCo

Bank

Corp.

NY

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

153,892‌

7,400‌

United

Bankshares

Inc.

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

277,870‌

44,000‌

Valley

National

Bancorp

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

398,640‌

31,300‌

Value

Line

Inc.

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

1,652,640‌

33,280‌

Washington

Trust

Bancorp

Inc.

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

1,043,328‌

60,000‌

Waterstone

Financial

Inc.

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

806,400‌

68,000‌

Western

New

England

Bancorp

Inc.

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

625,600‌

90,000‌

Wright

Investors'

Service

Holdings

Inc.

†

........

17,550‌

33,997,158‌

Food

and

Beverage

—

3

.6

%

41,610‌

Andrew

Peller

Ltd.

,

Cl. A

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

119,841‌

13,000‌

BellRing

Brands

Inc.

†

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

979,420‌

1,500‌

Bridgford

Foods

Corp.

†

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

15,765‌

76,500‌

Calavo

Growers

Inc.

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

1,950,750‌

TETON

Westwood

Mighty

Mites

Fund

Schedule

of

Investments

(Continued)—December

31,

2024

(Unaudited)

3

Shares

Market

Value

COMMON

STOCKS

(Continued)

Food

and

Beverage

(Continued)

25,000‌

ChromaDex

Corp.

†

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

$

132,625‌

110,000‌

Corby

Spirit

and

Wine

Ltd.

,

Cl. A

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

959,616‌

262,200‌

Crimson

Wine

Group

Ltd.

†

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

1,664,970‌

363,809‌

Farmer

Brothers

Co.

†

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

654,856‌

1,350‌

Hanover

Foods

Corp.

,

Cl. A

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

78,894‌

450‌

Hanover

Foods

Corp.

,

Cl. B

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

27,900‌

40,000‌

Iwatsuka

Confectionery

Co.

Ltd.

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

660,460‌

500‌

J

&

J

Snack

Foods

Corp.

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

77,565‌

8,100‌

Lifeway

Foods

Inc.

†

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

200,880‌

3,500‌

Scheid

Vineyards

Inc.

,

Cl. A

†

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

16,625‌

4,000‌

T.

Hasegawa

Co.

Ltd.

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

78,935‌

235,200‌

Tingyi

(Cayman

Islands)

Holding

Corp.

.........

306,467‌

207,400‌

Vitasoy

International

Holdings

Ltd.

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

271,846‌

23,000‌

Willamette

Valley

Vineyards

Inc.

†

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

77,050‌

8,274,465‌

Health

Care

—

5

.0

%

45,000‌

Accuray

Inc.

†

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

89,100‌

4,500‌

Boiron

SA

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

124,924‌

7,900‌

CareDx

Inc.

†

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

169,139‌

1,800‌

Collegium

Pharmaceutical

Inc.

†

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

51,570‌

8,315‌

Cutera

Inc.

†

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

2,934‌

35,142‌

Electromed

Inc.

†

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

1,038,446‌

54,000‌

Exelixis

Inc.

†

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

1,798,200‌

192,000‌

InfuSystem

Holdings

Inc.

†

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

1,622,400‌

4,854‌

LeMaitre

Vascular

Inc.

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

447,248‌

186,160‌

Neogen

Corp.

†

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

2,259,982‌

53,100‌

NeoGenomics

Inc.

†

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

875,088‌

5,000‌

Neuronetics

Inc.

†

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

8,050‌

1,500‌

Omnicell

Inc.

†

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

66,780‌

150,000‌

OPKO

Health

Inc.

†

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

220,500‌

21,000‌

Option

Care

Health

Inc.

†

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

487,200‌

20,200‌

Orthofix

Medical

Inc.

†

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

352,692‌

2,500‌

QuidelOrtho

Corp.

†

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

111,375‌

900‌

STERIS

plc

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

185,004‌

54,161‌

United-Guardian

Inc.

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

522,654‌

1,000‌

Utah

Medical

Products

Inc.

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

61,470‌

2,000‌

Zealand

Pharma

A/S

†

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

198,772‌

74,000‌

Zimvie

Inc.

†

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

1,032,300‌

11,725,828‌

Hotels

and

Gaming

—

5

.7

%

10,000‌

Caesars

Entertainment

Inc.

†

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

334,200‌

800‌

Churchill

Downs

Inc.

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

106,832‌

1,202,119‌

Full

House

Resorts

Inc.

†

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

4,904,646‌

50,000‌

Gambling.com

Group

Ltd.

†

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

704,000‌

20,000‌

Genius

Sports

Ltd.

†

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

173,000‌

101,500‌

Golden

Entertainment

Inc.

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

3,207,400‌

227,000‌

Inspired

Entertainment

Inc.

†

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

2,054,350‌

84,800‌

The

Marcus

Corp.

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

1,823,200‌

13,307,628‌

Machinery

—

4

.4

%

97,500‌

Astec

Industries

Inc.

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

3,276,000‌

4,400‌

DMG

Mori

AG

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

207,377‌

270,000‌

Gencor

Industries

Inc.

†

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

4,765,500‌

9,900‌

Tennant

Co.

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

807,147‌

8,020‌

The

Middleby

Corp.

†

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

1,086,309‌

10,142,333‌

Manufactured

Housing

and

Recreational

Vehicles

—

2

.0

%

300‌

Cavco

Industries

Inc.

†

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

133,869‌

4,300‌

Champion

Homes

Inc.

†

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

378,830‌

Shares

Market

Value

100,150‌

Nobility

Homes

Inc.

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

$

3,304,950‌

19,500‌

Winnebago

Industries

Inc.

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

931,710‌

4,749,359‌

Metals

and

Mining

—

0

.1

%

18,000‌

Osisko

Gold

Royalties

Ltd.

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

325,952‌

400,000‌

Tanami

Gold

NL

†

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

7,428‌

333,380‌

Paper

and

Forest

Products

—

0.0

%

50‌

Keweenaw

Land

Association

Ltd.

†

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

1,750‌

Publishing

—

0

.4

%

8,700‌

DallasNews

Corp.

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

64,641‌

15,100‌

Lee

Enterprises

Inc.

†

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

223,178‌

300,000‌

The

E.W.

Scripps

Co.

,

Cl. A

†

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

663,000‌

950,819‌

Real

Estate

—

2

.2

%

112,000‌

AmBase

Corp.

†

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

35,840‌

117,300‌

Capital

Properties

Inc.

,

Cl. A

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

1,211,709‌

28,000‌

DREAM

Unlimited

Corp.

,

Cl. A

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

430,874‌

35,000‌

FRP

Holdings

Inc.

†

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

1,072,050‌

18,329‌

Gyrodyne

LLC

†

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

173,392‌

170,500‌

Reading

International

Inc.

,

Cl. A

†

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

225,060‌

74,530‌

Reading

International

Inc.

,

Cl. B

†

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

588,787‌

2,508‌

Royalty

LLC

†

(a)

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

319‌

85,000‌

Tejon

Ranch

Co.

†

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

1,351,500‌

36,000‌

Trinity

Place

Holdings

Inc.

†

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

2,409‌

5,091,940‌

Restaurants

—

2

.7

%

51,000‌

Denny's

Corp.

†

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

308,550‌

77,400‌

Nathan's

Famous

Inc.

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

6,084,414‌

6,392,964‌

Retail

—

1

.5

%

105,000‌

Arko

Corp.

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

691,950‌

14,500‌

Big

5

Sporting

Goods

Corp.

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

25,955‌

23,000‌

Lands'

End

Inc.

†

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

302,220‌

49,100‌

Movado

Group

Inc.

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

966,288‌

12,000‌

Natural

Grocers

by

Vitamin

Cottage

Inc.

........

476,640‌

62,200‌

Sportsman's

Warehouse

Holdings

Inc.

†

..........

166,074‌

30,500‌

Village

Super

Market

Inc.

,

Cl. A

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

972,645‌

3,601,772‌

Semiconductors

—

0

.4

%

70,484‌

SkyWater

Technology

Inc.

†

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

972,679‌

Specialty

Chemicals

—

1

.6

%

6,400‌

Hawkins

Inc.

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

785,088‌

3,500‌

Minerals

Technologies

Inc.

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

266,735‌

97,000‌

Navigator

Holdings

Ltd.

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

1,488,950‌

10,800‌

Neo

Performance

Materials

Inc.

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

60,031‌

66,900‌

The

General

Chemical

Group

Inc.

†

(a)

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

0‌

185,285‌

Treatt

plc

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

1,129,637‌

3,730,441‌

Telecommunications

—

0

.5

%

36,000‌

A10

Networks

Inc.

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

662,400‌

6,500‌

Frequency

Electronics

Inc.

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

120,380‌

2,306‌

NETGEAR

Inc.

†

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

64,268‌

30,000‌

Nuvera

Communications

Inc.

†

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

304,800‌

800‌

Preformed

Line

Products

Co.

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

102,232‌

TETON

Westwood

Mighty

Mites

Fund

Schedule

of

Investments

(Continued)—December

31,

2024

(Unaudited)

4

__________

Shares

Market

Value

COMMON

STOCKS

(Continued)

Telecommunications

(Continued)

2,400‌

Shenandoah

Telecommunications

Co.

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

$

30,264‌

1,284,344‌

TOTAL

COMMON

STOCKS

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

232,568,442‌

PREFERRED

STOCKS

—

0

.1

%

Automotive:

Parts

and

Accessories

—

0

.1

%

6,300‌

Jungheinrich

AG

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

167,453‌

RIGHTS

—

0.0

%

Energy

and

Utilities:

Services

—

0.0

%

85,500‌

Pineapple

Energy

Inc.

,

CVR

†

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

60,295‌

Health

Care

—

0.0

%

25,000‌

Paratek

Pharmaceuticals

Inc.

,

CVR

†

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

500‌

Metals

and

Mining

—

0.0

%

60,000‌

Pan

American

Silver

Corp.

,

CVR

†

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

22,200‌

TOTAL

RIGHTS

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

82,995‌

WARRANTS

—

0.0

%

Diversified

Industrial

—

0.0

%

47,000‌

Ampco-Pittsburgh

Corp.

,

expire

08/01/25

†

.....

4,230‌

Health

Care

—

0.0

%

8,737‌

Option

Care

Health

Inc.

,

Cl. A

,

expire

06/30/25

†

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

8,176‌

8,737‌

Option

Care

Health

Inc.

,

Cl. B

,

expire

06/20/25

†

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

2,463‌

10,639‌

TOTAL

WARRANTS

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

14,869‌

TOTAL

MISCELLANEOUS

INVESTMENTS

—

0

.1

%

(c)

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

168,922‌

TOTAL

INVESTMENTS

—

100.0%

(Cost

$

137,665,325

)

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

$

233,002,681‌

(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

CVR

Contingent

Value

Right

GDR

Global

Depositary

Receipt