# EDGAR Filing Document

**Accession Number:** 0001071196
**File Stem:** 0001145549-23-014324
**Filing Date:** 2023-3
**Character Count:** 21610
**Document Hash:** ca704faf9c0ceeb974b9324fe71dbc2f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-014324.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001145549-23-014324

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KIRR MARBACH PARTNERS FUNDS INC
- **CENTRAL INDEX KEY:** 0001071196
- **IRS NUMBER:** 311629076
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09067
- **FILM NUMBER:** 23692632

**BUSINESS ADDRESS:**
- **STREET 1:** 621 WASHINGTON STREET
- **CITY:** COLUMBUS
- **STATE:** IN
- **ZIP:** 47202
- **BUSINESS PHONE:** 8123769444

**MAIL ADDRESS:**
- **STREET 1:** 621 WASHINGTON STREET
- **CITY:** COLUMBUS
- **STATE:** IN
- **ZIP:** 47202

## Series and Classes Contracts Data

### Kirr, Marbach Partners Value Fund (Series ID: S000009002)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000024491 | Kirr, Marbach Partners Value Fund | KMVAX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **KIRR, MARBACH PARTNERS** | **KIRR, MARBACH PARTNERS** | |
| **VALUE FUND** | **VALUE FUND** | |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | |
| **December 31, 2022 (UNAUDITED)** | **December 31, 2022 (UNAUDITED)** | |
| **Number** |  | |
| **of Shares** |  | **Value** |
| | **COMMON STOCKS - 95.1%** | |
| | **Basic Materials - 2.6%** | |
| 16507 | Innospec, Inc. | $1697910 |
|  | **Communications - 7.9%** |  |
| 26480 | Alphabet, Inc. - Class A \* | 2336330 |
| 13190 | Anterix, Inc. \* | 424322 |
| 23150 | eBay, Inc. | 960031 |
| 5350 | Liberty SiriusXM Group - Class A \* | 210309 |
| 30880 | Liberty SiriusXM Group - Class C \* | 1208334 |
|  |  | 5139326 |
|  | **Consumer Cyclical - 17.6%** |  |
| 1733 | AutoZone, Inc. \* | 4273890 |
| 23019 | Dollar Tree, Inc. \* | 3255807 |
| 65790 | Ford Motor Co. | 765138 |
| 50380 | The Shyft Group, Inc. | 1252447 |
| 15043 | Visteon Corp. \* | 1968076 |
|  |  | 11515358 |
|  | **Consumer Non Cyclical - 14.2%** |  |
| 36980 | API Group Corp. \* | 695594 |
| 21471 | Brink's Co. | 1153207 |
| 30611 | Colliers International Group, Inc. | 2817437 |
| 20654 | GXO Logistics, Inc. \* | 881719 |
| 20690 | Horizon Therapeutics Plc \* | 2354522 |
| 4675 | ICU Medical, Inc. \* | 736219 |
| 20590 | Stride, Inc. \* | 644055 |
|  |  | 9282753 |
|  | **Energy - 6.3%** |  |
| 43825 | Coterra Energy, Inc. | 1076780 |
| 17723 | Marathon Petroleum Corp. | 2062780 |
| 4230 | Pioneer Natural Resources Co. | 966090 |
|  |  | 4105650 |
|  | **Financial - 12.1%** |  |
| 9300 | Aon Plc - Class A | 2791302 |
| 6821 | Brookfield Asset Management Ltd. - Class A \* | 195558 |
| 27285 | Brookfield Corp. | 858386 |
| 1816 | Markel Corp. \* | 2392562 |
| 27024 | Voya Financial, Inc. | 1661706 |
|  |  | 7899514 |
|  | **Industrials - 19.8%** |  |
| 36270 | Canadian Pacific Railway Ltd. | 2705379 |
| 22393 | EMCOR Group, Inc. | 3316627 |
| 35164 | MasTec, Inc. \* | 3000544 |
| 19485 | Republic Services, Inc. | 2513370 |
| 39844 | RXO, Inc. \* | 685317 |
| 20654 | XPO Logistics, Inc. \* | 687572 |
|  |  | 12908809 |
|  | **Technology - 12.4%** |  |
| 4908 | Broadcom, Inc. | 2744210 |
| 1465 | Constellation Software, Inc. \* | 2287261 |
| 54055 | Dropbox, Inc. - Class A \* | 1209751 |
| 33582 | SS&C Technologies Holdings, Inc. | 1748279 |
| 2725 | Topicus.com, Inc. \* | 143072 |
|  |  | 8132573 |
|  | **Utilities - 2.2%** |  |
| 62769 | Vistra Energy Corp. | 1456241 |
|  | TOTAL COMMON STOCKS (Cost $31,630,210) | 62138134 |
| **Number** |  |  |
| **of Shares** |  |  |
|  | **MONEY MARKET FUND - 5.0%** |  |
| 3254970 | First American Government Obligations Fund - Class X - , 4.08% \*\* | 3254970 |
|  | (Cost $3,254,970) |  |
|  | Total Investments (Cost $34,885,180) - 100.1% | 65393104 |
|  | Other Assets and Liabilities, Net - (0.1)% | (85379) |
|  | TOTAL NET ASSETS - 100.0% | $65307725 |
| \* | Non-income producing security. |  |
| \*\*  | Rate in effect as of December 31, 2022 |  |

---

------

---

| |
|:---|
| **Summary of Fair Value Exposure** |
| The Fund has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion in changes in valuation techniques and related inputs during the period and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below: |
| Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the company has the ability to access. |
| Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instruments on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data. |
| Level 3 - Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing the company's own assumptions about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best information available. |
| The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. |
| As of December 31, 2022, the Fund's investments in securities were classified as follows: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks | $62138134 | $- | $- | $62138134 |
| Short-Term Investment | 3254970 | - | - | 3254970 |
| Total Investments | $65393104 | $- | $- | $65393104 |
| Refer to the Schedule of Investments for industry classifications. | Refer to the Schedule of Investments for industry classifications. | Refer to the Schedule of Investments for industry classifications. | Refer to the Schedule of Investments for industry classifications. | Refer to the Schedule of Investments for industry classifications. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Kirr Marbach Partners Funds Inc

- **b. Investment Company Act file number:** 811-09067

- **c. CIK number of Registrant:** 0001071196

- **d. LEI of Registrant:** 549300NLPBK601K0JF40

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

  - **Street Address 1:** 621 Washington Street

  - **City:** Columbus

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 47201

  - **Telephone number:** 812-376-9444

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

- **a. Name of Series:** Kirr, Marbach Partners Value Fund

- **b. EDGAR series identifier (if any):** S000009002

- **c. LEI of Series:** 5493000CP8ZFFQBYTX67

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $65468146.57

**Total Liabilities:** $160623.81

**Net Assets:** $65307522.76

**Cash Not Reported:** $3248.53

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024491 | 8.92%                | 7.43%                | -5.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1014820.48              | $4349670.78                                |
| Month 2  | $104120.58               | $4649329.79                                |
| Month 3  | $2.50                    | $-3559708.81                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| API Group Corp                 | API Group Corp                             | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |     36980 | NS      | $695593.80    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     26480 | NS      | $2336330.40   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Anterix Inc                    | Anterix Inc                                | CUSIP: 03676C100<br>LEI: 549300QIX2QHFGIEQG40 | Long             | EC               | CORP              | US        |     13190 | NS      | $424322.30    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                   | AutoZone Inc                               | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      1733 | NS      | $4273889.94   | 6.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                 | Brink's Co/The                             | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     21471 | NS      | $1153207.41   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      4908 | NS      | $2744210.04   | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                | Brookfield Corp                            | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     27285 | NS      | $858386.10    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Asset Management Lt | Brookfield Asset Management Ltd            | CUSIP: 113004105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      6821 | NS      | $195558.07    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc             | Coterra Energy Inc                         | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     43825 | NS      | $1076780.25   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Railway Ltd   | Canadian Pacific Railway Ltd               | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     36270 | NS      | $2705379.30   | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group I | Colliers International Group Inc           | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |     30611 | NS      | $2817436.44   | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                | Dollar Tree Inc                            | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     23019 | NS      | $3255807.36   | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                    | Dropbox Inc                                | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     54055 | NS      | $1209750.90   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                       | eBay Inc                                   | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     23150 | NS      | $960030.50    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                | EMCOR Group Inc                            | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     22393 | NS      | $3316627.23   | 5.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   3254968 | NS      | $3254968.11   | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                  | Ford Motor Co                              | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     65790 | NS      | $765137.70    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc              | GXO Logistics Inc                          | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |     20654 | NS      | $881719.26    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                | ICU Medical Inc                            | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |      4675 | NS      | $736219.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                   | Innospec Inc                               | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |     16507 | NS      | $1697910.02   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Sir | Liberty Media Corp-Liberty SiriusXM        | CUSIP: 531229409<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5350 | NS      | $210308.49    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Sir | Liberty Media Corp-Liberty SiriusXM        | CUSIP: 531229607<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30880 | NS      | $1208334.39   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp        | Marathon Petroleum Corp                    | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     17723 | NS      | $2062779.97   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Corp                    | Markel Corp                                | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      1816 | NS      | $2392561.84   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                     | MasTec Inc                                 | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     35164 | NS      | $3000544.12   | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co   | Pioneer Natural Resources Co               | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      4230 | NS      | $966089.70    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc                        | RXO Inc                                    | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |     39844 | NS      | $685316.80    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc          | Republic Services Inc                      | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     19485 | NS      | $2513370.15   | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc | SS&C Technologies Holdings Inc             | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     33582 | NS      | $1748278.92   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Shyft Group Inc/The            | Shyft Group Inc/The                        | CUSIP: 825698103<br>LEI: 549300YY0TB51BGRV994 | Long             | EC               | CORP              | US        |     50380 | NS      | $1252446.80   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                     | Stride Inc                                 | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     20590 | NS      | $644055.20    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                   | Visteon Corp                               | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     15043 | NS      | $1968075.69   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     62769 | NS      | $1456240.80   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc             | Voya Financial Inc                         | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     27024 | NS      | $1661705.76   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                        | XPO Inc                                    | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     20654 | NS      | $687571.66    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc/Can | Constellation Software Inc/Canada          | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |      1465 | NS      | $2287261.00   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Topicus.com Inc                | Topicus.com Inc                            | CUSIP: 89072T102<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |      2725 | NS      | $143072.56    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                        | Aon PLC                                    | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | US        |      9300 | NS      | $2791302.00   | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Therapeutics Plc       | Horizon Therapeutics Plc                   | CUSIP: N/A<br>LEI: 529900P0GSQ79OOZEV53       | Long             | EC               | CORP              | US        |     20690 | NS      | $2354522.00   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-08

**Name of Applicant:** Kirr Marbach Partners Funds Inc

**Signature:** /s/ Mickey Kim

**Name of Signer:** Kirr Marbach Partners Funds Inc

**Title:** Vice President, Treasurer, Secretary, and CCO