Teton Advisors, Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Teton Advisors, Inc. reported 165 stock positions worth $154.7 million. Its top holding was Ducommun (DCO) at 4.1% of the portfolio, followed by Nathan's Famous (NATH, 4.0%) and Myers Industries (MYE, 2.7%). Compared with Q4 2024, it opened 3 new positions, sold out of 9, added to 6 and reduced 95. The biggest buy was Innovative Solutions & Supp (IA, shares +49%) and the biggest sale Graham (GHM, shares −35%).

Most Recent 13F
Q2 2025
Location
Rye, NY
CIK
0001444874
Portfolio Value
$154.7M (Q1 2025)
SEC Filing
0001140361-25-018988 ↗ filed May 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $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 $154.7M Q1 2025 Q2 2025: $157.8M Q2 2025

Holdings 165 stocks · $154.7M
DCO Ducommun Inc. 4.13% 110,200 $6.4M Reduce -13.9%
NATH Nathan's Famous Inc. 3.96% 63,500 $6.1M Reduce -18.0%
MYE Myers Industries Inc. 2.68% 347,500 $4.1M Reduce -12.9%
ATRO Astronics Corp. 2.45% 157,000 $3.8M Reduce -8.7%
EML The Eastern Co. 2.44% 149,365 $3.8M Reduce -13.9%
DSGR Distribution Solutions Group 2.33% 128,891 $3.6M Reduce -15.0%
PKOH Park-Ohio Holdings Corp. 2.19% 157,000 $3.4M Reduce -3.1%
ROCK Gibraltar Industries Inc. 2.14% 56,500 $3.3M Reduce -5.0%
GENC Gencor Industries Inc. 2.06% 262,100 $3.2M Reduce -2.9%
FSTR Foster (lb) Co. Class A 1.92% 150,734 $3.0M Reduce -3.4%
CTS CTS Corp. 1.80% 67,000 $2.8M Reduce -1.8%
GDEN Golden Entertainment Inc. 1.70% 99,500 $2.6M Reduce -2.0%
CCBG Capital City Bank Group Inc. 1.69% 72,900 $2.6M Reduce -3.4%
RUSHB Rush Enterprises Inc. Class B 1.61% 44,200 $2.5M Reduce -15.7%
FFIC Flushing Financial Corp. 1.61% 196,000 $2.5M Reduce -16.6%
ASTE Astec Industries Inc. 1.58% 71,000 $2.4M Reduce -27.2%
LMNR Limoneira Co. 1.37% 120,000 $2.1M Reduce -11.1%
KKR KKR & Co. Inc. 1.35% 18,000 $2.1M Reduce -13.5%
MPX Marine Products Corp. 1.33% 246,000 $2.1M Reduce -0.8%
RGCO RGC Resources Inc. 1.28% 95,130 $2.0M No change
EXEL Exelixis Inc. 1.27% 53,200 $2.0M Reduce -1.5%
ATEX Anterix Inc. 1.18% 50,000 $1.8M Reduce -2.0%
INSE Inspired Entertainment Inc. 1.18% 213,000 $1.8M Reduce -6.2%
CVGW Calavo Growers Inc. 1.18% 75,800 $1.8M Reduce -0.9%
GRC Gorman-Rupp Co. 1.09% 48,000 $1.7M Reduce -2.0%
NEOG Neogen Corp. 1.04% 186,160 $1.6M No change
STEL Stellar Bancorp Inc. 1.03% 57,800 $1.6M Reduce -3.7%
ALNT Allient Inc. 0.97% 68,600 $1.5M Reduce -5.4%
TITN Titan Machinery Inc. 0.95% 86,000 $1.5M Reduce -0.3%
CMT Core Molding Technologies Inc. 0.92% 93,890 $1.4M Reduce -1.9%
AOUT American Outdoor Brands Inc. 0.92% 116,500 $1.4M Reduce -27.0%
TRC Tejon Ranch Co. 0.87% 84,500 $1.3M Reduce -0.6%
YORW York Water Co. filed as YORK WTR CO 0.82% 36,660 $1.3M No change
NVGS Navigator Holdings Ltd. 0.82% 95,500 $1.3M Reduce -1.6%
GHM Graham Corp. 0.82% 44,000 $1.3M Reduce -35.3%
CWST Casella Waste Systems Inc. Class A 0.79% 11,000 $1.2M Reduce -8.3%
VALU Value Line Inc. 0.78% 31,300 $1.2M No change
MCS Marcus Corporation 0.78% 72,500 $1.2M Reduce -14.5%
LEGH Legacy Housing Corp. 0.73% 45,000 $1.1M Reduce -18.2%
UTI Universal Technical Institut 0.71% 43,000 $1.1M Reduce -28.1%
GTN Gray Media Inc. 0.69% 247,740 $1.1M Reduce -0.2%
WASH Washington Trust Bancorp 0.66% 33,280 $1.0M No change
ARTNA Artesian Resources Corp. Class A 0.66% 31,320 $1.0M No change
INFU Infusystem Holdings Inc. 0.66% 190,000 $1.0M Reduce -1.0%
CWT California Water Service Grp 0.66% 21,000 $1.0M No change
VPG Vishay Precision Group 0.65% 42,012 $1.0M Reduce -6.7%
FRPH FRP Holdings Inc. filed as FRP HLDGS INC 0.65% 35,000 $1000K No change
BRBR Bellring Brands Inc. 0.63% 13,000 $968K No change
FNB FNB Corp. 0.62% 71,000 $955K No change
TSQ Townsquare Media Inc. Class A 0.62% 117,000 $952K No change
UCTT Ultra Clean Holdings Inc. 0.60% 43,500 $931K Reduce -5.8%
SAMG Silvercrest Asset Manageme-A 0.60% 56,500 $924K Reduce -4.9%
TG Tredegar Corp. 0.60% 119,800 $922K Reduce -1.0%
MITK Mitek Systems Inc. 0.59% 111,000 $916K Reduce -0.5%
IIIV I3 Verticals Inc. Class A 0.59% 37,000 $913K Reduce -44.6%
FSBW FS Bancorp Inc. 0.59% 24,000 $912K Reduce -7.7%
SSP Ew Scripps Co./the-A filed as SCRIPPS E W CO OHIO 0.57% 300,000 $888K No change
RNST Renasant Corp. 0.56% 25,530 $866K No change
IA Innovative Solutions & Supp 0.56% 137,000 $862K Add +48.9%
MOV Movado Group Inc. 0.55% 51,100 $854K Add +4.1%
CWCO Consolidated Water Co.-Ord SH 0.54% 34,200 $838K Reduce -7.6%
SMP Standard Motor Prods 0.52% 32,500 $810K Reduce -2.1%
FLWS 1-800-Flowers.com Inc. Class A 0.52% 137,000 $808K Reduce -2.8%
ZIMV Zimvie Inc. 0.52% 74,000 $799K No change
WSBF Waterstone Financial Inc. 0.51% 59,000 $794K Reduce -1.7%
MYRG MYR Group Inc./Delaware 0.51% 7,000 $792K No change
IMAX Imax Corp. 0.51% 30,000 $791K No change
TNC Tennant Co. 0.51% 9,900 $790K No change
LCUT Lifetime Brands Inc. 0.51% 159,000 $784K No change
ODC Oil-Dri Corp. of America 0.50% 17,000 $781K Reduce -2.3%
PKE Park Aerospace Corp. 0.50% 58,000 $780K Reduce -0.7%
TWIN Twin Disc Inc. 0.49% 100,500 $761K No change
MSA Msa Safety Inc. 0.48% 5,100 $748K Reduce -8.9%
FARM Farmer Bros Co. 0.47% 328,809 $730K Reduce -9.6%
SFST Southern First Bancshares 0.45% 21,000 $691K Reduce -4.5%
AUB Atlantic Union Bankshares Co. 0.45% 22,200 $691K Reduce -5.1%
GTN.A Gray Media Inc. Class A 0.44% 87,000 $686K No change
WGO Winnebago Industries 0.43% 19,500 $672K No change
WNEB Western New England Bancorp 0.40% 67,000 $623K Reduce -1.5%
BMI Badger Meter Inc. 0.40% 3,250 $618K No change
ARLO Arlo Technologies Inc. 0.40% 62,000 $612K Reduce -13.9%
WLDN Willdan Group Inc. 0.39% 15,000 $611K Reduce -25.0%
ULBI Ultralife Corp. 0.39% 110,700 $596K Reduce -0.3%
OPCH Option Care Health Inc. 0.38% 17,000 $594K Reduce -19.1%
ATEN A10 Networks Inc. 0.38% 36,000 $588K No change
MFIN Medallion Financial Corp. 0.38% 67,000 $584K Reduce -14.1%
TYL Tyler Technologies Inc. 0.38% 1,000 $581K No change
OPLN Openlane Inc. 0.37% 30,000 $578K Reduce -3.2%
GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED 0.37% 45,000 $568K Reduce -10.0%
IVAC Intevac Inc. 0.36% 138,000 $551K Reduce -28.5%
ELMD Electromed Inc. 0.35% 23,000 $549K Reduce -34.5%
SPLP Steel Partners Holdings LP 0.34% 13,000 $533K No change
RDIB Reading International Inc. Class B 0.34% 75,030 $527K Add +0.7%
CMCO Columbus McKinnon Corp. 0.33% 30,500 $516K Reduce -6.2%
ACU Acme United Corp. filed as ACME UTD CORP 0.33% 13,000 $515K No change
NEO Neogenomics Inc. 0.33% 53,100 $504K No change
AZZ Azz Inc. 0.32% 6,000 $502K Reduce -14.3%
ARKO Arko Corp. 0.32% 125,000 $494K Add +19.1%
KE Kimball Electronics Inc. 0.32% 30,000 $494K No change
FMNB Farmers Natl Banc Corp. 0.32% 37,800 $493K Reduce -5.5%
UG United Guardian Inc. 0.31% 54,161 $487K No change
WNC Wabash National Corp. 0.31% 43,800 $484K No change
HWKN Hawkins Inc. 0.31% 4,500 $477K Reduce -29.7%
SKYT Skywater Technology Inc. 0.30% 65,484 $464K Reduce -7.1%
FSS Federal Signal Corp. 0.30% 6,300 $463K Reduce -16.0%
PRSU Pursuit Attractions and Hosp 0.30% 13,000 $460K Reduce -59.4%
INBK First Internet Bancorp 0.29% 17,000 $455K Reduce -15.0%
SASR Sandy Spring Bancorp Inc. 0.29% 16,200 $453K Reduce -4.7%
SBGI Sinclair Inc. 0.29% 28,400 $452K No change
ERII Energy Recovery Inc. 0.29% 28,000 $445K No change
RUSHA Rush Enterprises Inc. Class A 0.28% 8,000 $427K Reduce -20.0%
GTX Garrett Motion Inc. 0.27% 50,000 $419K No change
PBI Pitney Bowes Inc. 0.26% 45,000 $407K Reduce -10.0%
OOMA Ooma Inc. 0.25% 30,000 $393K No change
VLY Valley National Bancorp 0.25% 44,000 $391K No change
MIDD Middleby Corp. 0.25% 2,500 $380K Reduce -68.8%
VLGEA Village Super Market Class A 0.24% 9,700 $369K Reduce -68.2%
GVA Granite Construction Inc. 0.23% 4,700 $354K No change
RDVT Red Violet Inc. 0.22% 9,000 $338K Reduce -10.0%
DAN Dana Inc. 0.21% 24,750 $330K No change
MSEX Middlesex Water Co. 0.21% 5,000 $321K No change
RES RPC Inc. 0.21% 58,000 $319K No change
HANOVER BANCORP INC/NY 0.20% 14,000 $307K No change
OFIX Orthofix Medical Inc. 0.20% 18,700 $305K Reduce -7.4%
NRIM Northrim Bancorp Inc. 0.18% 3,800 $278K Reduce -5.0%
UBSI United Bankshares Inc. 0.17% 7,400 $257K No change
ICFI Icf International Inc. 0.16% 3,000 $255K No change
LMAT Lemaitre Vascular Inc. 0.16% 3,000 $252K Reduce -38.2%
AP Ampco-Pittsburgh Corp. 0.16% 112,000 $243K No change
CZNC Citizens & Northern Corp. 0.16% 12,000 $241K Reduce -7.7%
OPK Opko Health Inc. 0.16% 144,500 $240K Reduce -3.7%
LE Lands' End Inc. 0.15% 23,000 $234K No change
MOD Modine Manufacturing Co. 0.15% 3,000 $230K No change
RDI Reading International Inc. Class A 0.15% 163,700 $228K Reduce -4.0%
DGII Digi International Inc. 0.14% 8,000 $223K No change
MTX Minerals Technologies Inc. 0.14% 3,500 $222K No change
CZR Caesars Entertainment Inc. 0.14% 8,500 $213K Reduce -15.0%
STE Steris PLC 0.13% 900 $204K New
UTL Unitil Corp. 0.13% 3,500 $202K New
NGVC Natural Grocers BY Vitamin C 0.13% 5,000 $201K Reduce -58.3%
GENI Genius Sports Ltd. 0.13% 20,000 $200K No change
DENN Denny's Corp. 0.12% 51,000 $187K No change
NAGE Niagen Bioscience Inc. 0.11% 25,000 $173K No change
TWI Titan International Inc. 0.11% 20,500 $172K No change
LEE Lee Enterprises 0.11% 15,800 $164K Add +4.6%
BSET Bassett Furniture Inds 0.10% 10,000 $153K No change
GYRO Gyrodyne LLC 0.10% 18,000 $150K Reduce -1.8%
SRI Stoneridge Inc. 0.10% 32,500 $149K Reduce -14.5%
FRST Primis Financial Corp. 0.09% 15,000 $147K No change
WVVI Willamette Valley Vineyards 0.09% 23,000 $137K No change
MTW Manitowoc Company Inc. 0.09% 15,500 $133K Reduce -3.1%
DAKT Daktronics Inc. 0.08% 10,000 $122K Reduce -10.7%
TACT Transact Technologies Inc. 0.08% 32,500 $120K No change
SSYS Stratasys Ltd. 0.06% 10,000 $98K No change
DDD 3D Systems Corp. filed as 3-D SYS CORP DEL 0.05% 40,000 $85K No change
ARAY Accuray Inc. 0.05% 43,500 $78K Reduce -3.3%
DHX Dhi Group Inc. 0.04% 45,000 $63K No change
SPWH Sportsman's Warehouse Holdin 0.04% 61,000 $61K Reduce -1.9%
CVGI Commercial Vehicle Group Inc. 0.04% 50,628 $58K Reduce -6.6%
MTLS Materialise NV-ADR 0.03% 10,000 $49K No change
DALN Dallasnews Corp. 0.03% 10,000 $46K New
AAME Atlantic American Corp. 0.02% 19,200 $33K Reduce -4.0%
MYPS Playstudios Inc. 0.02% 24,600 $31K No change
DWSN Dawson Geophysical Co. 0.02% 24,000 $30K No change
BGFV Big 5 Sporting Goods Corp. 0.01% 17,500 $17K Add +20.7%
Other holdings (18): bonds, preferreds, convertibles and warrants · $5.3M (not counted above)
SecurityClassShares / PrincipalValueChange
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 500,000$561KNo change
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal 400,000$433KNew
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 400,000$422KNo change
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) NOTE 1.000%12/0 · principal 528,000$387KNo change
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 300,000$384KNo change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 300,000$367KNo change
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal 350,000$326KNo change
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 300,000$300KNew
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal 300,000$283KNew
BLOOM ENERGY CORP (BE 3 06/01/28) NOTE 3.000% 6/0 · principal 200,000$262KNo change
REDWOOD TRUST INC (RWT 7.75 06/15/27) NOTE 7.750% 6/1 · principal 250,000$249KNo change
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 200,000$243KNo change
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 5,000$239KNo change
REDFIN CORP (RDFN 0.5 04/01/27) NOTE 0.500% 4/0 · principal 250,000$221KNo change
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal 200,000$212KNo change
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal 200,000$211KNew
NABORS INDUSTRIES INC (NBR 1.75 06/15/29) NOTE 1.750% 6/1 · principal 300,000$203KNo change
AP.WS Ampco-Pittsburgh Corp. -CW25 *W EXP 08/01/202 47,000$606No change

Total filed on the 13F, all lines: $160.0M.

Portfolio Sells Q4 2024 → Q1 2025
GHM Graham Corp. Reduce -35.3% 0.82% −0.77
GENC Gencor Industries Inc. Reduce -2.9% 2.06% −0.45
PRSU Pursuit Attractions and Hosp Reduce -59.4% 0.30% −0.42
DSGR Distribution Solutions Group Reduce -15.0% 2.33% −0.42
LGTY Logility Supply Chain Soluti Sold out 0.00% −0.40
LMNR Limoneira Co. Reduce -11.1% 1.37% −0.37
AOUT American Outdoor Brands Inc. Reduce -27.0% 0.92% −0.37
MIDD Middleby Corp. Reduce -68.8% 0.25% −0.33
CMCO Columbus McKinnon Corp. Reduce -6.2% 0.33% −0.30
FSTR Foster (lb) Co. Class A Reduce -3.4% 1.92% −0.29
KKR KKR & Co. Inc. Reduce -13.5% 1.35% −0.28
VLGEA Village Super Market Class A Reduce -68.2% 0.24% −0.27
UCTT Ultra Clean Holdings Inc. Reduce -5.8% 0.60% −0.27
IIIV I3 Verticals Inc. Class A Reduce -44.6% 0.59% −0.22
SKYT Skywater Technology Inc. Reduce -7.1% 0.30% −0.21
SKY Champion Homes Inc. Sold out 0.00% −0.20
INFU Infusystem Holdings Inc. Reduce -1.0% 0.66% −0.19
ELMD Electromed Inc. Reduce -34.5% 0.35% −0.19
ICCH Icc Holdings Inc. Sold out 0.00% −0.19
TKO Tko Group Holdings Inc. Sold out 0.00% −0.19
MCS Marcus Corporation Reduce -14.5% 0.78% −0.18
SXI Standex International Corp. Sold out 0.00% −0.18
DCO Ducommun Inc. Reduce -13.9% 4.13% −0.16
FFIC Flushing Financial Corp. Reduce -16.6% 1.61% −0.16
ASTE Astec Industries Inc. Reduce -27.2% 1.58% −0.15
NGVC Natural Grocers BY Vitamin C Reduce -58.3% 0.13% −0.12
CADE Cadence Bank Sold out 0.00% −0.12
PPBI Pacific Premier Bancorp Inc. Sold out 0.00% −0.11
MLAB Mesa Laboratories Inc. Sold out 0.00% −0.11
LWAY Lifeway Foods Inc. Sold out 0.00% −0.11
HWKN Hawkins Inc. Reduce -29.7% 0.31% −0.11
UTI Universal Technical Institut Reduce -28.1% 0.71% −0.10
CTS CTS Corp. Reduce -1.8% 1.80% −0.10
INBK First Internet Bancorp Reduce -15.0% 0.29% −0.09
FLWS 1-800-Flowers.com Inc. Class A Reduce -2.8% 0.52% −0.08
LMAT Lemaitre Vascular Inc. Reduce -38.2% 0.16% −0.07
FSS Federal Signal Corp. Reduce -16.0% 0.30% −0.07
MITK Mitek Systems Inc. Reduce -0.5% 0.59% −0.06
ULBI Ultralife Corp. Reduce -0.3% 0.39% −0.05
PKOH Park-Ohio Holdings Corp. Reduce -3.1% 2.19% −0.05
SPWH Sportsman's Warehouse Holdin Reduce -1.9% 0.04% −0.05
CZR Caesars Entertainment Inc. Reduce -15.0% 0.14% −0.04
CVGI Commercial Vehicle Group Inc. Reduce -6.6% 0.04% −0.03
SRI Stoneridge Inc. Reduce -14.5% 0.10% −0.03
ARLO Arlo Technologies Inc. Reduce -13.9% 0.40% −0.03
DAKT Daktronics Inc. Reduce -10.7% 0.08% −0.02
AUB Atlantic Union Bankshares Co. Reduce -5.1% 0.45% −0.02
SMP Standard Motor Prods Reduce -2.1% 0.52% −0.02
SFST Southern First Bancshares Reduce -4.5% 0.45% −0.01
RUSHA Rush Enterprises Inc. Class A Reduce -20.0% 0.28% −0.01

Portfolio Buys Q4 2024 → Q1 2025
IA Innovative Solutions & Supp Add +48.9% 0.56% +0.14
STE Steris PLC New 0.13% +0.13
UTL Unitil Corp. New 0.13% +0.13
MOV Movado Group Inc. Add +4.1% 0.55% +0.04
DALN Dallasnews Corp. New 0.03% +0.03
RDIB Reading International Inc. Class B Add +0.7% 0.34% +0.01
BGFV Big 5 Sporting Goods Corp. Add +20.7% 0.01% −0.00
LEE Lee Enterprises Add +4.6% 0.11% −0.01
ARKO Arko Corp. Add +19.1% 0.32% −0.05

Notes & Other Activity Q4 2024 → Q1 2025
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal New 400,000 $433K
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal Sold out 400,000 $378Kbefore exit
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal New 300,000 $300K
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal New 300,000 $283K
CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) 6.75DP CNV PFD B Sold out 3,500 $247Kbefore exit
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A Sold out 4,300 $214Kbefore exit
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal New 200,000 $211K
PAGERDUTY INC. (PD 1.5 10/15/28 *) NOTE 1.500%10/1 · principal Sold out 200,000 $195Kbefore exit
SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) NOTE 2.625% 2/1 · principal Sold out 200,000 $79Kbefore exit

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