Perritt MicroCap Opportunities Fund | |||||||
Schedule of Investments (Unaudited) | January 31, 2022 | ||||||
Shares | COMMON STOCKS - 99.03% | Value | |||||
Administrative and Support Services - 4.52% | |||||||
38,477 | BGSF, Inc. | $ | 523,672 | ||||
39,050 | Chicago Atlantic Real Estate Finance, Inc. | 741,950 | |||||
46,746 | Hudson Global, Inc. (a) | 1,396,771 | |||||
45,000 | Kidpik Corp. (a) | 254,250 | |||||
2,916,643 | |||||||
Auto Parts & Equipment - 3.60% | |||||||
36,443 | Commercial Vehicle Group, Inc. (a) | 282,069 | |||||
43,800 | Miller Industries, Inc. | 1,378,386 | |||||
40,000 | Motorcar Parts of America, Inc. (a) | 661,200 | |||||
2,321,655 | |||||||
Biotechnology - 0.87% | |||||||
22,500 | Opiant Pharmaceuticals, Inc. (a) | 562,275 | |||||
562,275 | |||||||
Building Materials - 1.99% | |||||||
10,000 | BlueLinx Holdings, Inc. (a) | 716,400 | |||||
30,000 | PGT Innovations, Inc. (a) | 569,700 | |||||
1,286,100 | |||||||
Business Services - 7.11% | |||||||
171,282 | DLH Holdings Corp. (a) | 3,213,250 | |||||
80,000 | Information Services Group, Inc. | 516,800 | |||||
83,000 | Intrusion, Inc. (a) | 275,560 | |||||
50,000 | PFSweb, Inc. (a) | 584,500 | |||||
4,590,110 | |||||||
Chemical & Related Products - 4.58% | |||||||
218,829 | Northern Technologies International Corp. | 2,954,192 | |||||
2,954,192 | |||||||
Chemical Manufacturing - 2.62% | |||||||
275,000 | ASSERTIO HOLDINGS, Inc. (a) | 712,250 | |||||
135,000 | ProPhase Labs, Inc. | 977,400 | |||||
1,689,650 | |||||||
Computer & Electronic Product Manufacturing - 0.29% | |||||||
1,050,000 | Singing Machine Co., Inc. (a)(e) | 189,000 | |||||
189,000 | |||||||
Computer and Electronic Product Manufacturing - 3.06% | |||||||
93,000 | Coda Octopus Group, Inc. (a) | 624,960 | |||||
54,000 | Gilat Satellite Networks, Ltd. - ADR (b) | 408,780 | |||||
60,000 | Powerfleet, Inc. (a) | 214,200 | |||||
41,000 | Quipt Home Medical Corp. - ADR (a)(b) | 215,660 | |||||
70,000 | Senstar Technologies Ltd. - ADR (b) | 165,900 | |||||
39,000 | TransAct Technologies, Inc. (a) | 350,610 | |||||
1,980,110 | |||||||
Construction & Engineering - 2.18% | |||||||
59,429 | Gencor Industries, Inc. (a) | 664,416 | |||||
15,000 | IES Holdings, Inc. (a) | 739,500 | |||||
1,403,916 | |||||||
Consumer Goods - 1.26% | |||||||
40,000 | Turtle Beach Corp. (a) | 812,800 | |||||
812,800 | |||||||
Consumer Products - Manufacturing - 2.29% | |||||||
14,000 | Delta Apparel, Inc. (a) | 422,800 | |||||
22,000 | Superior Group of Cos., Inc. | 449,460 | |||||
55,000 | VOXX International Corp. (a) | 607,750 | |||||
1,480,010 | |||||||
Consumer Services - 0.86% | |||||||
103,800 | DHI Group, Inc. (a) | 558,444 | |||||
558,444 |
Credit Intermediation and Related Activities - 0.26% | |||||||
120,000 | CSI Compressco LP | 169,200 | |||||
169,200 | |||||||
Data Processing, Hosting and Related Services - 0.70% | |||||||
25,000 | Ooma, Inc. (a) | 451,000 | |||||
451,000 | |||||||
Educational Services - 2.08% | |||||||
90,000 | Lincoln Educational Services Corp. (a) | 616,500 | |||||
100,000 | Universal Technical Institute, Inc. (a) | 726,000 | |||||
1,342,500 | |||||||
Electronic Equipment & Instruments - 1.49% | |||||||
26,000 | Bel Fuse, Inc. - Class B | 322,920 | |||||
33,000 | Identiv, Inc. (a) | 637,560 | |||||
960,480 | |||||||
Engineering & Construction - 1.20% | |||||||
86,000 | Infrastructure & Energy Alternatives, Inc. (a) | 775,720 | |||||
775,720 | |||||||
Environmental Services - 1.43% | |||||||
150,000 | QUEST RESOURCE HLDG Corp. (a) | 922,500 | |||||
922,500 | |||||||
Financial Services - 11.60% | |||||||
25,000 | First Internet Bancorp. | 1,256,500 | |||||
20,000 | Hennessy Advisors, Inc. | 207,500 | |||||
227,643 | Silvercrest Asset Management Group, Inc. - Class A | 3,824,402 | |||||
406,600 | U.S. Global Investors, Inc. - Class A | 2,195,640 | |||||
7,484,042 | |||||||
Food Manufacturing - 0.39% | |||||||
130,000 | MamaMancini's Holdings, Inc. (a) | 252,200 | |||||
252,200 | |||||||
Gold - 1.54% | |||||||
400,000 | Gold Resource Corp. | 656,000 | |||||
400,000 | McEwen Mining, Inc. (a) | 340,960 | |||||
996,960 | |||||||
Healthcare Services - 0.82% | |||||||
35,000 | InfuSystem Holdings, Inc. (a) | 528,500 | |||||
528,500 | |||||||
Home Builder - 1.10% | |||||||
30,100 | Green Brick Partners, Inc. (a) | 712,768 | |||||
712,768 | |||||||
Housing - 3.57% | |||||||
93,027 | Legacy Housing Corp. (a) | 2,303,349 | |||||
2,303,349 | |||||||
Leisure - 1.82% | |||||||
84,000 | Century Casinos, Inc. (a) | 835,800 | |||||
90,000 | Galaxy Gaming, Inc. (a) | 340,200 | |||||
1,176,000 | |||||||
Machinery Manufacturing - 1.07% | |||||||
24,455 | Mayville Engineering Co, Inc. (a) | 280,499 | |||||
245,400 | TechPrecision Corp. (a) | 407,364 | |||||
687,863 | |||||||
Medical Supplies & Services - 1.70% | |||||||
3,000 | Addus HomeCare Corp. (a) | 239,490 | |||||
30,000 | IntriCon Corp. (a) | 438,900 | |||||
20,000 | Lakeland Industries, Inc. (a) | 420,400 | |||||
1,098,790 | |||||||
Merchant Wholesalers, Durable Goods - 1.92% | |||||||
20,000 | A-Mark Precious Metals, Inc. | 1,238,000 | |||||
1,238,000 | |||||||
Merchant Wholesalers, Nondurable Goods - 0.26% | |||||||
225,000 | NewAge, Inc. (a) | 168,637 | |||||
168,637 |
Mining (except Oil and Gas) - 0.50% | |||||||
50,110 | Fortitude Gold Corp. | 320,704 | |||||
320,704 | |||||||
Miscellaneous Manufacturing - 0.43% | |||||||
50,000 | iCAD, Inc. (a) | 279,500 | |||||
279,500 | |||||||
Motion Pictures and Sound Recording Industries - 1.31% | |||||||
352,605 | WildBrain, Ltd. - (a)(b) | 842,726 | |||||
842,726 | |||||||
Oil & Gas - 1.49% | |||||||
167,367 | Evolution Petroleum Corp. | 962,360 | |||||
962,360 | |||||||
Oil & Gas Services - 0.65% | |||||||
371,895 | Profire Energy, Inc. (a) | 420,241 | |||||
420,241 | |||||||
Primary Metal Manufacturing - 1.13% | |||||||
127,404 | Ampco-Pittsburgh Corp. (a) | 727,477 | |||||
727,477 | |||||||
Professional, Scientific, and Technical Services - 3.73% | |||||||
38,703 | Bowman Consulting Group Ltd. (a) | 762,449 | |||||
6,000 | CRA International, Inc. | 510,360 | |||||
250,000 | Heritage Global, Inc. (a) | 422,500 | |||||
328,400 | Research Solutions Inc/CA (a) | 709,344 | |||||
2,404,653 | |||||||
Publishing Industries (except Internet) - 0.64% | |||||||
40,000 | eGain Corp. (a) | 413,200 | |||||
413,200 | |||||||
Semiconductor Related Products - 1.80% | |||||||
60,000 | AXT, Inc. (a) | 449,400 | |||||
40,000 | Photronics, Inc. (a) | 715,200 | |||||
1,164,600 | |||||||
Software - 2.93% | |||||||
21,720 | American Software, Inc. - Class A | 499,343 | |||||
100,000 | Asure Software, Inc. (a) | 725,000 | |||||
130,000 | Immersion Corp. (a) | 672,100 | |||||
1,896,443 |
Specialty Manufacturing - 2.29% | |||||||
20,000 | LB Foster Co. - Class A (a) | 302,400 | |||||
62,000 | LSI Industries, Inc. | 461,280 | |||||
25,223 | Northwest Pipe Co. (a) | 715,576 | |||||
1,479,256 | |||||||
Support Activities for Mining - 0.29% | |||||||
125,000 | Alexco Resource Corp. - (a)(b) | 186,250 | |||||
186,250 | |||||||
Telecommunications - 2.86% | |||||||
150,000 | Ceragon Networks, Ltd. - ADR (a)(b) | 345,000 | |||||
34,000 | Digi International, Inc. (a) | 759,560 | |||||
142,000 | PC-Tel, Inc. | 746,920 | |||||
1,851,480 | |||||||
Transportation - 3.59% | |||||||
373,000 | Radiant Logistics, Inc. (a) | 2,316,330 | |||||
2,316,330 | |||||||
Transportation Equipment Manufacturing - 3.25% | |||||||
40,000 | Shyft Group, Inc. | 1,677,600 | |||||
11,000 | Strattec Security Corp. (a) | 416,790 | |||||
2,094,390 | |||||||
Utilities - 0.99% | |||||||
50,000 | Pure Cycle Corp. (a) | 641,000 | |||||
641,000 | |||||||
Waste Management & Remediation Services - 1.23% | |||||||
134,500 | Perma-Fix Environmental Services, Inc. (a) | 792,205 | |||||
792,205 | |||||||
Waste Management and Remediation Services - 0.52% | |||||||
50,000 | Sharps Compliance Corp. (a) | 337,500 | |||||
337,500 | |||||||
Water Transportation - 1.22% | |||||||
25,000 | Euroseas, Ltd. - (a)(b) | 787,500 | |||||
787,500 | |||||||
TOTAL COMMON STOCKS (Cost $42,649,090) | $ | 63,931,229 | |||||
Contracts | WARRANTS - 0.01% | Value | |||||
Engineering & Construction - 0.01% | |||||||
5,000 | Infrastructure & Energy Alternatives, Inc. | ||||||
Expiration : 03/26/2023, Exercise Price $11.50 (a) | $ | 7,525 | |||||
Computer & Electronic Product Manufacturing - 0.00% | |||||||
1,000,000 | Singing Machine Co., Inc. | ||||||
Expiration : 08/06/2026, Exercise Price $0.32 (a)(d) | 0 | ||||||
TOTAL WARRANTS ($8,100) | $ | 7,525 | |||||
Shares | SHORT-TERM INVESTMENTS - 1.02% | Value | |||||
Money Market Funds - 1.02% | |||||||
660,853 | First American Government Obligations Fund, Class X, 0.03% (c) | $ | 660,853 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $660,853) | $ | 660,853 | |||||
Total Investments (Cost $43,318,043) - 100.06% | $ | 64,599,607 | |||||
Liabilities in Excess of Other Assets - (0.06)% | (39,160 | ) | |||||
TOTAL NET ASSETS - 100.00% | $ | 64,560,447 |
Percentages are stated as a percent of net assets. |
ADR | American Depository Receipt | ||
(a) | Non-income producing security. | ||
(b) | Foreign issued security. | ||
(c) | The rate shown is the seven-day yield as of January 31, 2022. | ||
(d) | This security is deemed to be illiquid. This security represents $0 of value or 0.00% of net assets. | ||
(e) | Security was purchased in a transaction exempt from registration in the U.S. under the Securities Act of 1933 (the “Act”) and, unless registered under the Act, may only be sold pursuant to exemption from registration and, in the case of a Rule 144A offering under the Act, may only be sold to “qualified institutional buyers.” The value of this security is $189,000 or 0.29% of the Fund’s net assets. This security is deemed to be liquid. |