Teton Advisors, Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Teton Advisors, Inc. reported 201 stock positions worth $274.5 million. Its top holding was Nathan's Famous (NATH) at 4.6% of the portfolio, followed by Myers Industries (MYE, 4.2%) and Eastern (EML, 3.4%). Compared with Q4 2023, it opened 2 new positions, sold out of 4, added to 11 and reduced 92. The biggest buy was a new position in Clearfield (CLFD) and the biggest sale Modine Manufacturing (MOD, shares −89%).

Most Recent 13F
Q2 2025
Location
Rye, NY
CIK
0001444874
Portfolio Value
$274.5M (Q1 2024)
SEC Filing
0001140361-24-025974 ↗ filed May 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $274.5M $274.5M Q1 2024 Q2 2024: $232.0M Q2 2024 Q3 2024: $217.7M Q3 2024 Q4 2024: $189.8M Q4 2024 Q1 2025: $154.7M Q1 2025 Q2 2025: $157.8M Q2 2025

Holdings 201 stocks · $274.5M
NATH Nathan's Famous Inc. 4.60% 178,300 $12.6M Reduce -1.3%
MYE Myers Industries Inc. 4.18% 495,600 $11.5M Reduce -12.7%
EML The Eastern Co. 3.38% 271,900 $9.3M Reduce -4.4%
DCO Ducommun Inc. 3.03% 162,340 $8.3M Reduce -1.9%
GENC Gencor Industries Inc. 2.75% 452,500 $7.6M Reduce -1.8%
DSGR Distribution Solutions Group 2.52% 194,600 $6.9M Reduce -11.9%
ASTE Astec Industries Inc. 2.29% 144,000 $6.3M Reduce -12.7%
ROCK Gibraltar Industries Inc. 2.08% 71,000 $5.7M Reduce -5.3%
CTS CTS Corp. 1.86% 109,200 $5.1M Reduce -21.4%
PKOH Park-Ohio Holdings Corp. 1.83% 188,500 $5.0M Reduce -0.3%
FFIC Flushing Financial Corp. 1.73% 376,800 $4.8M Reduce -0.5%
FSTR Foster (lb) Co. Class A 1.67% 167,537 $4.6M Reduce -2.5%
RUSHB Rush Enterprises Inc. Class B 1.58% 81,400 $4.3M Reduce -10.1%
KKR KKR & Co. Inc. 1.56% 42,500 $4.3M Reduce -15.0%
GDEN Golden Entertainment Inc. 1.53% 114,200 $4.2M Reduce -1.6%
ALNT Allient Inc. 1.52% 116,700 $4.2M Reduce -3.1%
ATRO Astronics Corp. 1.37% 198,000 $3.8M No change
HWKN Hawkins Inc. 1.34% 48,000 $3.7M Reduce -24.1%
GHM Graham Corp. 1.29% 130,000 $3.5M Reduce -3.0%
MPX Marine Products Corp. 1.24% 290,000 $3.4M Reduce -9.9%
UCTT Ultra Clean Holdings Inc. 1.11% 66,500 $3.1M Reduce -13.6%
NEOG Neogen Corp. 1.11% 192,860 $3.0M Reduce -3.4%
LMNR Limoneira Co. 1.10% 153,700 $3.0M Reduce -1.5%
GRC Gorman-Rupp Co. 1.07% 74,400 $2.9M Reduce -6.4%
INSE Inspired Entertainment Inc. 0.89% 247,221 $2.4M Add +0.8%
CMT Core Molding Technologies Inc. 0.89% 128,500 $2.4M Reduce -3.8%
LCUT Lifetime Brands Inc. 0.86% 226,000 $2.4M No change
MIDD Middleby Corp. 0.82% 13,920 $2.2M Reduce -6.1%
CCBG Capital City Bank Group Inc. 0.81% 79,800 $2.2M No change
CMCO Columbus McKinnon Corp. 0.79% 48,400 $2.2M Reduce -24.4%
WGO Winnebago Industries 0.75% 28,000 $2.1M Reduce -12.5%
CWST Casella Waste Systems Inc. Class A 0.73% 20,300 $2.0M Reduce -25.1%
FSS Federal Signal Corp. 0.71% 23,000 $2.0M Reduce -46.5%
MITK Mitek Systems Inc. 0.70% 137,000 $1.9M No change
SKY Champion Homes Inc. filed as SKYLINE CHAMPION CORPORATION 0.70% 22,500 $1.9M Reduce -46.8%
VPG Vishay Precision Group 0.70% 54,012 $1.9M No change
TNC Tennant Co. 0.69% 15,500 $1.9M Reduce -17.1%
FLWS 1-800-Flowers.com Inc. Class A 0.66% 168,000 $1.8M No change
VLGEA Village Super Market Class A 0.65% 62,700 $1.8M Reduce -12.9%
ATEX Anterix Inc. 0.65% 53,000 $1.8M No change
TITN Titan Machinery Inc. 0.64% 71,000 $1.8M No change
RGCO RGC Resources Inc. 0.64% 87,010 $1.8M Add +1.2%
IIIV I3 Verticals Inc. Class A 0.64% 76,791 $1.8M Reduce -3.8%
AGS Playags Inc. 0.64% 194,300 $1.7M No change
TWIN Twin Disc Inc. 0.62% 103,000 $1.7M Reduce -6.4%
FARM Farmer Bros Co. 0.62% 475,809 $1.7M No change
INFU Infusystem Holdings Inc. 0.61% 195,000 $1.7M No change
MYRG MYR Group Inc./Delaware 0.58% 9,000 $1.6M Reduce -30.8%
AOUT American Outdoor Brands Inc. 0.57% 179,000 $1.6M Reduce -1.1%
LEGH Legacy Housing Corp. 0.57% 73,000 $1.6M Reduce -3.6%
GTN Gray Media Inc. filed as GRAY TELEVISION INC 0.57% 248,240 $1.6M Add +3.6%
WLDN Willdan Group Inc. 0.57% 54,000 $1.6M Reduce -5.3%
STEL Stellar Bancorp Inc. 0.57% 64,000 $1.6M No change
NVGS Navigator Holdings Ltd. 0.56% 100,000 $1.5M No change
TSQ Townsquare Media Inc. Class A 0.54% 135,500 $1.5M Reduce -5.9%
TRC Tejon Ranch Co. 0.52% 93,400 $1.4M Reduce -0.6%
WNC Wabash National Corp. 0.52% 47,900 $1.4M Reduce -6.5%
LGTY Logility Supply Chain Soluti filed as AMER SOFTWARE INC 0.52% 124,000 $1.4M No change
EXEL Exelixis Inc. 0.51% 59,200 $1.4M Reduce -2.1%
PRSU Pursuit Attractions and Hosp filed as VIAD CORP 0.50% 35,000 $1.4M No change
CVGI Commercial Vehicle Group Inc. 0.50% 214,228 $1.4M Reduce -0.8%
YORW York Water Co. filed as YORK WTR CO 0.50% 37,660 $1.4M No change
MSA Msa Safety Inc. 0.49% 7,000 $1.4M No change
ARLO Arlo Technologies Inc. 0.49% 107,000 $1.4M Reduce -4.5%
SSP Ew Scripps Co./the-A filed as SCRIPPS E W CO OHIO 0.49% 342,600 $1.3M Add +0.8%
ACU Acme United Corp. filed as ACME UTD CORP 0.48% 28,000 $1.3M Reduce -45.1%
CWCO Consolidated Water Co.-Ord SH 0.48% 44,500 $1.3M Reduce -1.1%
SMP Standard Motor Prods 0.47% 38,700 $1.3M Reduce -3.3%
VALU Value Line Inc. 0.47% 31,800 $1.3M No change
SXI Standex International Corp. 0.46% 7,000 $1.3M Reduce -17.6%
UTI Universal Technical Institut 0.46% 80,000 $1.3M Reduce -1.8%
SFST Southern First Bancshares 0.43% 37,500 $1.2M Reduce -1.3%
ARTNA Artesian Resources Corp. Class A 0.43% 31,820 $1.2M No change
IVAC Intevac Inc. 0.43% 305,000 $1.2M Add +1.5%
FRPH FRP Holdings Inc. filed as FRP HLDGS INC 0.42% 19,000 $1.2M No change
RDIB Reading International Inc. Class B 0.41% 74,400 $1.1M No change
FSBW FS Bancorp Inc. 0.41% 32,116 $1.1M No change
WASH Washington Trust Bancorp 0.40% 40,410 $1.1M No change
SAMG Silvercrest Asset Manageme-A 0.39% 68,500 $1.1M No change
CVGW Calavo Growers Inc. 0.39% 38,500 $1.1M Reduce -1.8%
SCX Starrett (l.s.) Co. Class A 0.38% 66,000 $1.0M Reduce -5.7%
FNB FNB Corp. 0.38% 74,000 $1.0M No change
TKO Tko Group Holdings Inc. 0.38% 12,000 $1.0M Reduce -17.2%
ULBI Ultralife Corp. 0.38% 117,000 $1.0M Reduce -9.3%
CWT California Water Service Grp 0.37% 21,800 $1.0M Reduce -1.8%
PKE Park Aerospace Corp. 0.37% 60,600 $1.0M No change
MCS Marcus Corporation 0.36% 70,000 $998K No change
TG Tredegar Corp. 0.36% 150,000 $978K Reduce -10.2%
AUB Atlantic Union Bankshares Co. 0.35% 27,500 $971K No change
SRI Stoneridge Inc. 0.35% 52,500 $968K Reduce -15.3%
RNST Renasant Corp. 0.35% 30,530 $956K No change
SRDX Surmodics Inc. 0.34% 32,000 $939K Reduce -4.5%
GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED 0.33% 100,000 $913K Reduce -17.4%
MOD Modine Manufacturing Co. 0.33% 9,500 $904K Reduce -88.7%
BRBR Bellring Brands Inc. 0.32% 15,000 $885K No change
NEO Neogenomics Inc. 0.32% 55,500 $872K Reduce -8.3%
BMI Badger Meter Inc. 0.31% 5,200 $841K Reduce -13.3%
JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP 0.31% 8,000 $839K Reduce -20.0%
CZR Caesars Entertainment Inc. 0.30% 19,000 $831K Reduce -5.9%
RUSHA Rush Enterprises Inc. Class A 0.29% 15,000 $803K Reduce -44.4%
ZIMV Zimvie Inc. 0.29% 48,000 $792K Add +220.0%
ODC Oil-Dri Corp. of America 0.29% 10,500 $783K Reduce -22.2%
AZZ Azz Inc. 0.28% 10,000 $773K Reduce -28.6%
WSBF Waterstone Financial Inc. 0.28% 63,000 $767K No change
SSB Southstate Bank Corp. 0.28% 8,900 $757K No change
GTN.A Gray Media Inc. Class A filed as GRAY TELEVISION INC 0.27% 87,000 $749K No change
MFIN Medallion Financial Corp. 0.27% 93,000 $736K Reduce -1.8%
SASR Sandy Spring Bancorp Inc. 0.26% 31,300 $726K Reduce -1.6%
IA Innovative Solutions & Supp 0.26% 97,200 $712K Reduce -2.8%
OPCH Option Care Health Inc. 0.26% 21,000 $704K No change
KE Kimball Electronics Inc. 0.26% 32,500 $704K Reduce -4.4%
INBK First Internet Bancorp 0.25% 20,000 $695K No change
MOV Movado Group Inc. 0.25% 24,100 $673K No change
ATEN A10 Networks Inc. 0.24% 48,500 $664K Reduce -4.9%
SKYT Skywater Technology Inc. 0.23% 62,427 $635K No change
ICFI Icf International Inc. 0.22% 4,000 $603K Reduce -20.0%
DAKT Daktronics Inc. 0.22% 59,500 $593K No change
WNEB Western New England Bancorp 0.21% 75,000 $575K No change
ELMD Electromed Inc. 0.21% 35,142 $568K No change
CLFD Clearfield Inc. 0.20% 18,000 $555K New
DAN Dana Inc. 0.20% 42,500 $540K Reduce -10.5%
OPLN Openlane Inc. 0.20% 31,000 $536K Reduce -1.3%
FMNB Farmers Natl Banc Corp. 0.19% 40,000 $534K No change
UG United Guardian Inc. 0.19% 67,761 $518K No change
GTX Garrett Motion Inc. 0.18% 50,000 $497K No change
SPLP Steel Partners Holdings LP 0.18% 12,500 $496K Add +22.6%
DENN Denny's Corp. 0.18% 55,000 $493K No change
IMAX Imax Corp. 0.18% 30,000 $485K No change
HZO Marinemax Inc. 0.17% 14,000 $466K No change
ERII Energy Recovery Inc. 0.17% 29,200 $461K No change
RES RPC Inc. 0.16% 58,000 $449K No change
ADTH Adtheorent Holdings Co. Inc. 0.16% 135,000 $433K Add +35.0%
SBGI Sinclair Inc. 0.16% 32,000 $431K No change
RDI Reading International Inc. Class A 0.16% 233,000 $429K Reduce -1.7%
TYL Tyler Technologies Inc. 0.15% 1,000 $425K No change
HRI Herc Holdings Inc. filed as HERC HLDGS INC 0.15% 2,500 $421K Reduce -50.0%
BSET Bassett Furniture Inds 0.15% 27,700 $409K No change
MTX Minerals Technologies Inc. 0.14% 5,000 $376K No change
LMAT Lemaitre Vascular Inc. 0.13% 5,500 $365K No change
VLY Valley National Bancorp 0.13% 44,000 $350K No change
LEE Lee Enterprises 0.13% 26,000 $347K Reduce -1.9%
OOMA Ooma Inc. 0.12% 40,000 $341K No change
AGYS Agilysys Inc. 0.12% 4,000 $337K No change
MLAB Mesa Laboratories Inc. 0.12% 3,000 $329K No change
OFIX Orthofix Medical Inc. 0.12% 22,500 $327K No change
DGII Digi International Inc. 0.12% 10,000 $319K No change
BSVN BANK7 Corp. 0.12% 11,300 $319K No change
IMKTA Ingles Markets Inc. Class A 0.11% 4,000 $307K No change
AP Ampco-Pittsburgh Corp. 0.11% 140,000 $304K Reduce -3.5%
STE Steris PLC 0.11% 1,300 $292K No change
NGVC Natural Grocers BY Vitamin C 0.11% 16,000 $289K No change
UBSI United Bankshares Inc. 0.10% 8,000 $286K No change
GVA Granite Construction Inc. 0.10% 5,000 $286K No change
TRST Trustco Bank Corp. NY 0.10% 10,010 $282K No change
PRMW Primo Water Corp. 0.10% 15,000 $273K No change
ICCH Icc Holdings Inc. filed as ICC HLDGS INC 0.10% 17,000 $272K No change
BYD Boyd Gaming Corp. 0.10% 4,000 $269K No change
CZNC Citizens & Northern Corp. 0.10% 14,000 $263K No change
MSEX Middlesex Water Co. 0.10% 5,000 $263K No change
LE Lands' End Inc. 0.10% 24,000 $261K No change
TWI Titan International Inc. 0.09% 20,500 $255K No change
MTW Manitowoc Company Inc. 0.09% 17,500 $247K No change
CVCO Cavco Industries Inc. 0.09% 600 $239K Reduce -82.3%
ITGR Integer Holdings Corp. 0.09% 2,000 $233K Reduce -88.2%
JOUT Johnson Outdoors Inc. Class A 0.08% 5,000 $231K No change
THRM Gentherm Inc. 0.08% 4,000 $230K Reduce -39.0%
LZB La-Z-Boy Inc. 0.08% 6,000 $226K Reduce -25.0%
HANOVER BANCORP INC/NY 0.08% 15,000 $222K No change
BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC 0.08% 9,660 $221K No change
PBI Pitney Bowes Inc. 0.08% 50,000 $217K No change
NRIM Northrim Bancorp Inc. 0.08% 4,197 $212K No change
CADE Cadence Bank 0.08% 7,200 $209K No change
SPWH Sportsman's Warehouse Holdin 0.08% 67,000 $208K Add +11.7%
VATE Innovate Corp. 0.08% 295,734 $207K Add +28.6%
PPBI Pacific Premier Bancorp Inc. 0.07% 8,500 $204K Reduce -5.6%
CMTL Comtech Telecommunications 0.07% 59,000 $202K Reduce -43.3%
NSSC Napco Security Technologies 0.07% 5,000 $201K New
LWAY Lifeway Foods Inc. 0.07% 11,500 $198K No change
OPK Opko Health Inc. 0.07% 162,000 $194K Reduce -4.7%
MCHB Mechanics Bancorp Class A filed as HOMESTREET INC 0.07% 12,600 $190K No change
GYRO Gyrodyne LLC 0.07% 22,316 $185K Add +40.0%
FRST Primis Financial Corp. 0.07% 15,000 $183K No change
CUTRQ Cutera Inc. 0.07% 122,160 $180K Reduce -11.3%
TACT Transact Technologies Inc. 0.06% 32,500 $170K No change
ARAY Accuray Inc. 0.05% 58,000 $143K Reduce -10.8%
BBGI Beasley Broadcast Grp Inc. Class A 0.05% 178,000 $139K Reduce -6.3%
WVVI Willamette Valley Vineyards 0.04% 23,000 $121K No change
DHX Dhi Group Inc. 0.04% 45,000 $115K No change
GENI Genius Sports Ltd. 0.04% 20,000 $114K No change
FEIM Frequency Electronics Inc. 0.04% 10,000 $109K No change
MPAA Motorcar Parts of America Inc. 0.03% 11,000 $88K Reduce -4.3%
STIM Neuronetics Inc. 0.03% 18,000 $86K No change
RSI Rush Street Interactive Inc. 0.03% 10,900 $71K No change
MYPS Playstudios Inc. 0.02% 24,600 $68K No change
BGFV Big 5 Sporting Goods Corp. 0.02% 16,000 $56K No change
AAME Atlantic American Corp. 0.02% 20,000 $56K No change
MTLS Materialise NV-ADR 0.02% 10,000 $53K No change
GLATFELTER CORP 0.02% 25,000 $50K No change
S&W SEED CO 0.02% 92,000 $45K Reduce -52.9%
DWSN Dawson Geophysical Co. 0.01% 24,000 $34K No change
TPHS Trinity Place Holdings Inc. 0.01% 149,000 $22K Reduce -27.3%
Other holdings (24): bonds, preferreds, convertibles and warrants · $9.3M (not counted above)
SecurityClassShares / PrincipalValueChange
BANDWIDTH INC (BAND 0.25 03/01/26) NOTE 0.250% 3/0 · principal 700,000$618KNo change
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 500,000$600KNew
INFINERA CORP (INFN 3.75 08/01/28) NOTE 3.750% 8/0 · principal 500,000$554KNew
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 400,000$530KNo change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 500,000$507KNo change
SEMTECH CORP (SMTC 1.625 11/01/27) NOTE 1.625%11/0 · principal 500,000$498KNo change
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) NOTE 1.000%12/0 · principal 528,000$490KNo change
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 500,000$488KNo change
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 400,000$487KNo change
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 500,000$480KNew
CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) 6.75DP CNV PFD B 7,000$449KNo change
INTERDIGITAL INC (IDCC 3.5 06/01/27) NOTE 3.500% 6/0 · principal 300,000$432KNo change
IMPINJ INC (PI 1.125 05/15/27) NOTE 1.125% 5/1 · principal 300,000$405KReduce -25.0%
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 400,000$395KNew
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) NOTE 2.500% 7/1 · principal 375,000$363KNo change
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) NOTE 1.875%12/0 · principal 600,000$341KNo change
SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) NOTE 2.625% 2/1 · principal 700,000$289KNo change
REDWOOD TRUST INC (RWT 7.75 06/15/27) NOTE 7.750% 6/1 · principal 250,000$241KNo change
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal 200,000$234KNew
FUBOTV INC (FUBO 3.25 02/15/26) NOTE 3.250% 2/1 · principal 360,000$228KNo change
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal 200,000$219KNew
NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal 223,000$211KNo change
NABORS INDUSTRIES INC (NBR 1.75 06/15/29) NOTE 1.750% 6/1 · principal 250,000$187KNew
AP.WS Ampco-Pittsburgh Corp. -CW25 *W EXP 08/01/202 47,000$5KNo change

Total filed on the 13F, all lines: $283.8M.

Portfolio Sells Q4 2023 → Q1 2024
MOD Modine Manufacturing Co. Reduce -88.7% 0.33% −1.37
KAMN Kaman Corp. Sold out 0.00% −0.61
ITGR Integer Holdings Corp. Reduce -88.2% 0.09% −0.49
FSS Federal Signal Corp. Reduce -46.5% 0.71% −0.41
FFIC Flushing Financial Corp. Reduce -0.5% 1.73% −0.38
SKY Champion Homes Inc. Reduce -46.8% 0.70% −0.37
CVCO Cavco Industries Inc. Reduce -82.3% 0.09% −0.31
ALYAF Alithya Group Inc. Class A Sold out 0.00% −0.28
ACU Acme United Corp. Reduce -45.1% 0.48% −0.26
NEOG Neogen Corp. Reduce -3.4% 1.11% −0.25
CMTL Comtech Telecommunications Reduce -43.3% 0.07% −0.22
CTS CTS Corp. Reduce -21.4% 1.86% −0.20
NATH Nathan's Famous Inc. Reduce -1.3% 4.60% −0.17
RUSHA Rush Enterprises Inc. Class A Reduce -44.4% 0.29% −0.17
HWKN Hawkins Inc. Reduce -24.1% 1.34% −0.17
PLPC Preformed Line Products Co. Sold out 0.00% −0.13
CUTRQ Cutera Inc. Reduce -11.3% 0.07% −0.10
HRI Herc Holdings Inc. Reduce -50.0% 0.15% −0.10
CHDN Churchill Downs Inc. Sold out 0.00% −0.09
LEGH Legacy Housing Corp. Reduce -3.6% 0.57% −0.07
SRDX Surmodics Inc. Reduce -4.5% 0.34% −0.07
CWCO Consolidated Water Co.-Ord SH Reduce -1.1% 0.48% −0.07
GRSD Grandstand Ltd. Reduce -17.4% 0.33% −0.07
SMP Standard Motor Prods Reduce -3.3% 0.47% −0.07
CMCO Columbus McKinnon Corp. Reduce -24.4% 0.79% −0.06
SRI Stoneridge Inc. Reduce -15.3% 0.35% −0.06
MYRG MYR Group Inc./Delaware Reduce -30.8% 0.58% −0.06
KE Kimball Electronics Inc. Reduce -4.4% 0.26% −0.05
CWST Casella Waste Systems Inc. Class A Reduce -25.1% 0.73% −0.05
MFIN Medallion Financial Corp. Reduce -1.8% 0.27% −0.05
SFST Southern First Bancshares Reduce -1.3% 0.43% −0.04
RUSHB Rush Enterprises Inc. Class B Reduce -10.1% 1.58% −0.04
DAN Dana Inc. Reduce -10.5% 0.20% −0.04
GDEN Golden Entertainment Inc. Reduce -1.6% 1.53% −0.04
WGO Winnebago Industries Reduce -12.5% 0.75% −0.03
THRM Gentherm Inc. Reduce -39.0% 0.08% −0.03
JBTM JBT Marel Corp. Reduce -20.0% 0.31% −0.03
S&W SEED CO Reduce -52.9% 0.02% −0.03
IA Innovative Solutions & Supp Reduce -2.8% 0.26% −0.03
SASR Sandy Spring Bancorp Inc. Reduce -1.6% 0.26% −0.03
AP Ampco-Pittsburgh Corp. Reduce -3.5% 0.11% −0.02
TRC Tejon Ranch Co. Reduce -0.6% 0.52% −0.02
TKO Tko Group Holdings Inc. Reduce -17.2% 0.38% −0.02
ODC Oil-Dri Corp. of America Reduce -22.2% 0.29% −0.02
CWT California Water Service Grp Reduce -1.8% 0.37% −0.02
CZR Caesars Entertainment Inc. Reduce -5.9% 0.30% −0.02
LZB La-Z-Boy Inc. Reduce -25.0% 0.08% −0.02
OPK Opko Health Inc. Reduce -4.7% 0.07% −0.02
PPBI Pacific Premier Bancorp Inc. Reduce -5.6% 0.07% −0.01
NEO Neogenomics Inc. Reduce -8.3% 0.32% −0.01

Portfolio Buys Q4 2023 → Q1 2024
CLFD Clearfield Inc. New 0.20% +0.20
ZIMV Zimvie Inc. Add +220.0% 0.29% +0.20
ADTH Adtheorent Holdings Co. Inc. Add +35.0% 0.16% +0.11
NSSC Napco Security Technologies New 0.07% +0.07
INSE Inspired Entertainment Inc. Add +0.8% 0.89% +0.07
RGCO RGC Resources Inc. Add +1.2% 0.64% +0.05
SPLP Steel Partners Holdings LP Add +22.6% 0.18% +0.04
GYRO Gyrodyne LLC Add +40.0% 0.07% +0.01
SPWH Sportsman's Warehouse Holdin Add +11.7% 0.08% −0.01
IVAC Intevac Inc. Add +1.5% 0.43% −0.01
VATE Innovate Corp. Add +28.6% 0.08% −0.02
GTN Gray Media Inc. Add +3.6% 0.57% −0.16
SSP Ew Scripps Co./the-A Add +0.8% 0.49% −0.43

Notes & Other Activity Q4 2023 → Q1 2024
PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) NOTE 1.000% 4/1 · principal Sold out 760,000 $804Kbefore exit
PERFICIENT INC (PRFT 0.125 11/15/26) NOTE 0.125%11/1 · principal Sold out 800,000 $665Kbefore exit
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal New 500,000 $600K
INFINERA CORP (INFN 3.75 08/01/28) NOTE 3.750% 8/0 · principal New 500,000 $554K
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal New 500,000 $480K
EDGIO INC (EGIO 3.5 08/01/25) BOND CONVERTIBLE · principal Sold out 500,000 $462Kbefore exit
INFINERA CORP (INFN 2.5 03/01/27) NOTE 2.500% 3/0 · principal Sold out 500,000 $460Kbefore exit
LENDINGTREE INC (TREE 0.5 07/15/25) NOTE 0.500% 7/1 · principal Sold out 500,000 $413Kbefore exit
IMPINJ INC (PI 1.125 05/15/27) NOTE 1.125% 5/1 · principal Reduce -25.0% 300,000 $405K
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal New 400,000 $395K
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal Sold out 400,000 $352Kbefore exit
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal Sold out 350,000 $350Kbefore exit
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal Sold out 275,000 $279Kbefore exit
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal New 200,000 $234K
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal New 200,000 $219K
NABORS INDUSTRIES INC (NBR 1.75 06/15/29) NOTE 1.750% 6/1 · principal New 250,000 $187K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2025 160$157.8MDCO, NATH, MYE, ATRO, GENC
Q1 2025 165$154.7MDCO, NATH, MYE, ATRO, EML
Q4 2024 171$189.8MDCO, NATH, DSGR, GENC, EML
Q3 2024 182$217.7MDCO, NATH, GENC, EML, DSGR
Q2 2024 192$232.0MNATH, DCO, GENC, EML, MYE
Q1 2024 201$274.5MNATH, MYE, EML, DCO, GENC