# EDGAR Filing Document

**Accession Number:** 0001196878
**File Stem:** 0001413042-25-000676
**Filing Date:** 2025-8
**Character Count:** 20659
**Document Hash:** 94590bbe37b95564212a62a7445bbac4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-25-000676.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001413042-25-000676

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PARADIGM FUNDS
- **CENTRAL INDEX KEY:** 0001196878

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21233
- **FILM NUMBER:** 251243407

**BUSINESS ADDRESS:**
- **STREET 1:** NINE ELK STREET
- **CITY:** ALBANY
- **STATE:** NY
- **ZIP:** 12207
- **BUSINESS PHONE:** 5184313516

## Series and Classes Contracts Data

### Paradigm Micro-Cap Fund (Series ID: S000020362)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000057148 | Paradigm Micro-Cap Fund | PVIVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** PARADIGM FUNDS

- **b. Investment Company Act file number:** 811-21233

- **c. CIK number of Registrant:** 0001196878

- **d. LEI of Registrant:** 549300PJ2B0KCKLXZR09

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** NINE ELK STREET

  - **City:** ALBANY

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 12207

  - **Telephone number:** 518-431-3500

**Item A.2. Information about the Series.**

- **a. Name of Series:** Paradigm Micro-Cap Fund

- **b. EDGAR series identifier (if any):** S000020362

- **c. LEI of Series:** 549300AZMFEW9Z3JAB86

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $136391506.23

**Total Liabilities:** $283444.58

**Net Assets:** $136108061.65

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000057148 | -4.69%               | 3.21%                | 6.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-714917.93              | $-5672449.89                               |
| Month 2  | $2245795.49              | $2025742.03                                |
| Month 3  | $937897.51               | $7534870.90                                |

### Schedule of Portfolio Investments

| Name                                      | Title                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| A10 Networks, Inc.                        | A10 Networks, Inc.                                                  | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |    200000 | NS      | $3870000.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corporation                | Addus HomeCare Corporation                                          | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     19700 | NS      | $2269243.00   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holding, Inc.                      | ADTRAN Holding, Inc.                                                | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |     80000 | NS      | $717600.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters, Inc.           | American Eagle Outfitters, Inc.                                     | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     13300 | NS      | $127946.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc.                    | Arlo Technologies, Inc.                                             | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |    149200 | NS      | $2530432.00   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| AtriCure, Inc.                            | AtriCure, Inc.                                                      | CUSIP: 04963C209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60900 | NS      | $1995693.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta, Inc.                              | Azenta, Inc.                                                        | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |      9800 | NS      | $301644.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix, Inc.                               | Calix, Inc.                                                         | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     60000 | NS      | $3191400.00   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerence Inc.                              | Cerence Inc.                                                        | CUSIP: 156727109<br>LEI: 5493002WL2W5WMS89568 | Long             | EC               | CORP              | US        |    400000 | NS      | $4084000.00   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cross Country Healthcare, Inc.            | Cross Country Healthcare, Inc.                                      | CUSIP: 227483104<br>LEI: 54930037L0NBIPZ5S663 | Long             | EC               | CORP              | US        |     55000 | NS      | $717750.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corporation                        | Enovis Corporation                                                  | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |    140000 | NS      | $4390400.00   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Enviri Corporation                        | Enviri Corporation                                                  | CUSIP: 415864107<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | EC               | CORP              | US        |    500000 | NS      | $4340000.00   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks, Inc.                    | Extreme Networks, Inc.                                              | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    240000 | NS      | $4308000.00   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacira BioSciences, Inc.                  | Pacira BioSciences, Inc. Contingent Value Right Exp. 12/31/2030     | CUSIP: N/A<br>LEI: 549300P56LERYBDHCF69       | Long             | DE               | CORP              | US        |    300000 | NS      | $102000.00    | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| FormFactor, Inc.                          | FormFactor, Inc.                                                    | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |    100000 | NS      | $3441000.00   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                       | Goldman Sachs Financial Square Government Fund Institutional Shares | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   9553128 | NS      | $9553128.15   | 7.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand, Inc.                         | Hillenbrand, Inc.                                                   | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |      5200 | NS      | $104364.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hooker Furnishings Corporation            | Hooker Furnishings Corporation                                      | CUSIP: 439038100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120000 | NS      | $1269600.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises, Inc.                 | Insight Enterprises, Inc.                                           | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     40000 | NS      | $5523400.00   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Lifesciences Holdings Corporation | Integra Lifesciences Holdings                                       | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |    440000 | NS      | $5398800.00   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| J.Jill, Inc.                              | J.Jill, Inc.                                                        | CUSIP: 46620W201<br>LEI: 529900I19PJIF8MIDL12 | Long             | EC               | CORP              | US        |    260000 | NS      | $3806400.00   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc.                               | Kadant, Inc.                                                        | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |     13000 | NS      | $4126850.00   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc.           | Kulicke & Soffa Industries Inc. (Singapore)                         | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     33700 | NS      | $1166020.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Industries, Inc.                 | Lakeland Industies, Inc.                                            | CUSIP: 511795106<br>LEI: 549300HGP70IM9WKU164 | Long             | EC               | CORP              | US        |     10000 | NS      | $136100.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MaxLinear, Inc.                           | MaxLinear, Inc.                                                     | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |    120000 | NS      | $1705200.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MiMedx Group, Inc.                        | MiMedx Group, Inc.                                                  | CUSIP: 602496101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    428896 | NS      | $2620554.56   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Company              | Modine Manufacturing Company                                        | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |    120000 | NS      | $11820000.00  | 8.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NN, Inc.                                  | NN, Inc.                                                            | CUSIP: 629337106<br>LEI: 549300SU3TUM6VH84645 | Long             | EC               | CORP              | US        |   1023952 | NS      | $2150299.20   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                      | Onto Innovation, Inc.                                               | CUSIP: 683344105<br>LEI: 549300V1USTYXJ7TNR79 | Long             | EC               | CORP              | US        |     40000 | NS      | $4037200.00   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| OrthoPediatrics Corp.                     | OrthoPediatrics Corp.                                               | CUSIP: 68752L100<br>LEI: 5493000KUTPFGOPAT717 | Long             | EC               | CORP              | US        |    134000 | NS      | $2878320.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthofix Medical Inc.                     | Orthofix Medical, Inc.                                              | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    440000 | NS      | $4906000.00   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor, Inc.                       | Owens And Minor, Inc.                                               | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |    400000 | NS      | $3640000.00   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PACS Group, Inc.                          | PACS Group, Inc.                                                    | CUSIP: 69380Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $1292000.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions, Inc.                   | Penguin Solutions, Inc. (Cayman Islands)                            | CUSIP: G8232Y101<br>LEI: 529900RDGHQY8XKXPN14 | Long             | EC               | CORP              | KY        |    120000 | NS      | $2377200.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| The Pennant Group, Inc.                   | The Pennant Group, Inc.                                             | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |    100000 | NS      | $2985000.00   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corporation             | Progress Software Corporation                                       | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     10900 | NS      | $695856.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                          | QuidelOrtho Corporation                                             | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |    140000 | NS      | $4034800.00   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Ribbon Communications Inc.                | Ribbon Communications, Inc.                                         | CUSIP: 762544104<br>LEI: 549300L1E8Z8RL7CUL52 | Long             | EC               | CORP              | US        |    300000 | NS      | $1203000.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corporation         | Sensient Technologies Corporation                                   | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |      5950 | NS      | $586194.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| TELA Bio, Inc.                            | TELA Bio, Inc.                                                      | CUSIP: 872381108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200000 | NS      | $388000.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TTEC Holdings, Inc.                       | TTEC Holdings, Inc.                                                 | CUSIP: 89854H102<br>LEI: GTJS1N8S8I28A7L4WG97 | Long             | EC               | CORP              | US        |    200000 | NS      | $962000.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Tactile Systems Technology, Inc.          | Tactile Systems Technology, Inc.                                    | CUSIP: 87357P100<br>LEI: 54930069VDTITHOTKJ98 | Long             | EC               | CORP              | US        |    300000 | NS      | $3042000.00   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| The Ensign Group, Inc.                    | The Ensign Group, Inc.                                              | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     40000 | NS      | $6170400.00   | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Treace Medical Concepts, Inc.             | Treace Medical Concepts, Inc.                                       | CUSIP: 89455T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    189361 | NS      | $1113442.68   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings, Inc.                | Ultra Clean Holdings, Inc.                                          | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     50000 | NS      | $1128500.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc.                    | Veeco Instruments, Inc.                                             | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |    200000 | NS      | $4064000.00   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corporation                | Xerox Holdings Corporation                                          | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |    500000 | NS      | $2635000.00   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Zumiez Inc.                               | Zumiez Inc.                                                         | CUSIP: 989817101<br>LEI: 549300J0PDF58P6HZD25 | Long             | EC               | CORP              | US        |    174191 | NS      | $2309772.66   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-22

**Name of Applicant:** Paradigm Funds

**Signature:** /s/ Peter J. McMillen

**Name of Signer:** Peter J. McMillen

**Title:** Chief Financial Officer