# EDGAR Filing Document

**Accession Number:** 0001950357
**File Stem:** 0001145549-23-015380
**Filing Date:** 2023-3
**Character Count:** 13136
**Document Hash:** b0d2b9758036cada4a28140745b3018a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-015380.hdr.sgml**: 20230307

**ACCESSION NUMBER**: 0001145549-23-015380

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230307

**DATE AS OF CHANGE**: 20230307

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BCM Focus Funds
- **CENTRAL INDEX KEY:** 0001950357
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23833
- **FILM NUMBER:** 23712394

**BUSINESS ADDRESS:**
- **STREET 1:** 12600 HILL COUNTRY BLVD.
- **STREET 2:** SUITE R-230
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78738
- **BUSINESS PHONE:** 512-542-1083

**MAIL ADDRESS:**
- **STREET 1:** 12600 HILL COUNTRY BLVD.
- **STREET 2:** SUITE R-230
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78738

## Series and Classes Contracts Data

### BCM FOCUS SMALL/MICRO-CAP FUND (Series ID: S000079350)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000240358 | BCM FOCUS SMALL/MICRO-CAP FUND |  |

## Nport-Ex

**BCM Focus Small/Micro-Cap Fund**

**SCHEDULE OF INVESTMENTS**

**As of January 31, 2023 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 60.1%** |  |
|  | **COMMUNICATION SERVICES — 4.3%** |  |
|  | **MEDIA — 4.3%** |  |
| 100000 | WideOpenWest, Inc.\* | $**1149000** |
|  | **CONSUMER DISCRETIONARY — 11.0%** |  |
|  | **AUTOMOBILES & COMPONENTS — 4.3%** |  |
| 15000 | XPEL, Inc.\* | **1141050** |
|  | **CONSUMER SERVICES — 6.7%** |  |
| 130000 | Despegar.com Corp.\* | 882700 |
| 10000 | Papa John's International, Inc. | 896900 |
|  |  | **1779600** |
|  |  | **2920650** |
|  | **FINANCIALS — 3.3%** |  |
|  | **DIVERSIFIED FINANCIALS — 3.3%** |  |
| 10000 | StoneX Group, Inc.\* | **878800** |
|  | **HEALTH CARE — 5.6%** |  |
|  | **HEALTHCARE EQUIPMENT & SERVICES — 5.6%** |  |
| 4000 | Heska Corp.\* | 357760 |
| 16000 | Inmode, Ltd.\* | 560800 |
| 15000 | iRadimed Corp. | 561000 |
|  |  | **1479560** |
|  | **INDUSTRIALS — 6.5%** |  |
|  | **COMMERCIAL & PROFESSIONAL SERVICES — 6.5%** |  |
| 25000 | Franklin Covey Co.\* | 1160000 |
| 42500 | Upwork, Inc.\* | 550800 |
|  |  | **1710800** |
|  | **INFORMATION TECHNOLOGY — 26.3%** |  |
|  | **SEMICONDUCTORS — 2.9%** |  |
| 10000 | Onto Innovation, Inc.\* | **786500** |
|  | **SOFTWARE & SERVICES — 23.4%** |  |
| 10000 | Agilysys, Inc.\* | 835600 |
| 25000 | Alarm.com Holdings, Inc.\* | 1340000 |
| 22500 | EVERTEC, Inc. | 831150 |
| 15000 | Model N, Inc.\* | 594900 |
| 155000 | Olo, Inc.\* | 1243100 |
| 40000 | PagerDuty, Inc.\* | 1191600 |
| 4440 | ShotSpotter, Inc.\* | 171162 |
|  |  | **6207512** |
|  |  | **6994012** |

---

**BCM Focus Small/Micro-Cap Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of January 31, 2023 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **MATERIALS — 3.1%** |  |
| 40000 | Element Solutions, Inc. | $**819200** |
|  | **TOTAL COMMON STOCKS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $14,513,510) | **15952022** |
|  | **SHORT-TERM INVESTMENTS — 41.2%** |  |
| 10954727 | Goldman Sachs Financial Square Government Fund, 4.23%<sup>1</sup> | 10954727 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $10,954,727) | **10954727** |
|  | **TOTAL INVESTMENTS — 101.3%** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $25,468,237) | **26906749** |
|  | LIABILITIES IN EXCESS OF OTHER ASSETS — (1.3)% | (348073) |
|  | **TOTAL NET ASSETS — 100.0%** | $**26558676** |

---

\* Non-income producing security. <br> <sup>1</sup> Rate disclosed is the seven-day effective yield as of January 31, 2023.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BCM Focus Funds

- **b. Investment Company Act file number:** 811-23833

- **c. CIK number of Registrant:** 0001950357

- **d. LEI of Registrant:** 549300OZGXU2RHIZS187

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

  - **Street Address 1:** 12600 Hill County Boulevard, Suite R-230

  - **City:** Austin

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78738

  - **Telephone number:** 5125421083

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

- **a. Name of Series:** BCM Focus Small/Micro-Cap Fund

- **b. EDGAR series identifier (if any):** S000079350

- **c. LEI of Series:** 549300SIEDVONCIKFA61

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $26959867.06

**Total Liabilities:** $401190.89

**Net Assets:** $26558676.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240358 | 0.00%                | 0.00%                | 6.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $1438512.31                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agilysys Inc                   | Agilysys, Inc.                                            | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |     10000 | NS      | $835600.00    | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc         | Alarm.com Holdings, Inc.                                  | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |     25000 | NS      | $1340000.00   | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Despegar.com Corp              | Despegar.com Corp.                                        | CUSIP: G27358103<br>LEI: N/A                  | Long             | EC               | CORP              | AR        |    130000 | NS      | $882700.00    | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc          | Element Solutions, Inc.                                   | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |     40000 | NS      | $819200.00    | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERTEC Inc                    | EVERTEC, Inc.                                             | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     22500 | NS      | $831150.00    | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Covey Co              | Franklin Covey Co.                                        | CUSIP: 353469109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $1160000.00   | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square | Goldman Sachs Financial Square Government Fund, Class FST | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |  11057228 | PA      | $11057227.87  | 41.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Heska Corp                     | Heska Corp.                                               | CUSIP: 42805E306<br>LEI: 529900O1OR2EB7L0HY27 | Long             | EC               | CORP              | US        |      4000 | NS      | $357760.00    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmode Ltd                     | Inmode, Ltd.                                              | CUSIP: M5425M103<br>LEI: 984500DD95A35E9BD358 | Long             | EC               | CORP              | IL        |     16000 | NS      | $560800.00    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| iRadimed Corp                  | iRadimed Corp.                                            | CUSIP: 46266A109<br>LEI: 549300YVHWP0YJ1YW816 | Long             | EC               | CORP              | US        |     15000 | NS      | $561000.00    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Model N Inc                    | Model N, Inc.                                             | CUSIP: 607525102<br>LEI: 549300WCIL3W0EYSBN94 | Long             | EC               | CORP              | US        |     15000 | NS      | $594900.00    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc            | Onto Innovation, Inc.                                     | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     10000 | NS      | $786500.00    | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PagerDuty Inc                  | PagerDuty, Inc.                                           | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Long             | EC               | CORP              | US        |     40000 | NS      | $1191600.00   | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Papa John's International Inc  | Papa John's International, Inc.                           | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |     10000 | NS      | $896900.00    | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc               | StoneX Group, Inc.                                        | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     10000 | NS      | $878800.00    | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ShotSpotter Inc                | ShotSpotter, Inc.                                         | CUSIP: 82536T107<br>LEI: 549300MQV8SOWVNVZ667 | Long             | EC               | CORP              | US        |      4440 | NS      | $171162.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                     | Upwork, Inc.                                              | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |     42500 | NS      | $550800.00    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WideOpenWest Inc               | WideOpenWest, Inc.                                        | CUSIP: 96758W101<br>LEI: 549300RM6J2BWWOFU889 | Long             | EC               | CORP              | US        |    100000 | NS      | $1149000.00   | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| XPEL Inc                       | XPEL, Inc.                                                | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |     15000 | NS      | $1141050.00   | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Olo Inc                        | Olo, Inc.                                                 | CUSIP: 68134L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    155000 | NS      | $1243100.00   | 4.68%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** BCM Focus Funds

**Signature:** /s/ Brian Bares

**Name of Signer:** Brian Bares

**Title:** CEO