# EDGAR Filing Document

**Accession Number:** 0001196878
**File Stem:** 0001413042-25-000672
**Filing Date:** 2025-8
**Character Count:** 20283
**Document Hash:** 9b1a8b715764eeba573a1fa6e378ef47
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-25-000672.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001413042-25-000672

**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:** 251243321

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

## Series and Classes Contracts Data

### Paradigm Value Fund (Series ID: S000005314)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000014505 | Paradigm Value Fund | PVFAX           |

## 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 Value Fund

- **b. EDGAR series identifier (if any):** S000005314

- **c. LEI of Series:** 549300NPWLUY0KJ0VJ69

**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:** $44314273.77

**Total Liabilities:** $45158.78

**Net Assets:** $44269114.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000014505 | -2.95%               | 4.87%                | 6.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $917102.29               | $-2157910.67                               |
| Month 2  | $573229.45               | $1436484.46                                |
| Month 3  | $823851.18               | $1823490.70                                |

### 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        |    109600 | NS      | $2120760.00   | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corporation                | Addus HomeCare Corporation                                          | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     17800 | NS      | $2050382.00   | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holding, Inc.                      | ADTRAN Holding, Inc.                                                | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |     40000 | NS      | $358800.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters, Inc.           | American Eagle Outfitters, Inc.                                     | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     67600 | NS      | $650312.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Angi Homeservices Inc.                    | Angi, Inc. - Class A                                                | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Long             | EC               | CORP              | XX        |      1575 | NS      | $24034.50     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta, Inc.                              | Azenta, Inc.                                                        | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     26800 | NS      | $824904.00    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corporation                        | Banner Corporation                                                  | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6000 | NS      | $384900.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix, Inc.                               | Calix, Inc.                                                         | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     10000 | NS      | $531900.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corporation                    | Concentrix Corporation                                              | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |      5900 | NS      | $311844.50    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Conduent Incorporated                     | Conduent Incorporated                                               | CUSIP: 206787103<br>LEI: 549300SFJ2D2CYY6CQ11 | Long             | EC               | CORP              | US        |    200000 | NS      | $528000.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Consensus Cloud Solutions, Inc.           | Consensus Cloud Solutions, Inc.                                     | CUSIP: 20848V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6666 | NS      | $153717.96    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group, Inc.                         | EMCOR Group, Inc.                                                   | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      7200 | NS      | $3851208.00   | 8.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corporation                        | Enovis Corporation                                                  | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |     40000 | NS      | $1254400.00   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Enviri Corporation                        | Enviri Corporation                                                  | CUSIP: 415864107<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | EC               | CORP              | US        |    100000 | NS      | $868000.00    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks, Inc.                    | Extreme Networks, Inc.                                              | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     40000 | NS      | $718000.00    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                  | Fabrinet (Thailand)                                                 | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      4000 | NS      | $1178720.00   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corporation               | First Merchants Corporation                                         | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |     32000 | NS      | $1225600.00   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp.                                | GATX Corp.                                                          | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |      5800 | NS      | $890648.00    | 2.01%             |  |  |  | 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        |   1103938 | NS      | $1103938.13   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises, Inc.                 | Insight Enterprises, Inc.                                           | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |      4000 | NS      | $552340.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Lifesciences Holdings Corporation | Integra Lifesciences Holdings Corporation                           | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |     80000 | NS      | $981600.00    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| J.Jill, Inc.                              | J Jill, Inc.                                                        | CUSIP: 46620W201<br>LEI: 529900I19PJIF8MIDL12 | Long             | EC               | CORP              | US        |     20000 | NS      | $292800.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil, Inc.                               | Jabil, Inc.                                                         | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      4000 | NS      | $872400.00    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc.                               | Kadant, Inc.                                                        | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      3500 | NS      | $1111075.00   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc.                               | Kforce, Inc.                                                        | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |     35200 | NS      | $1447776.00   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc.           | Kulicke & Soffa Industries Inc. (Singapore)                         | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     44600 | NS      | $1543160.00   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities Inc.    | Mid-America Apartment Communities, Inc.                             | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     10450 | NS      | $1546704.50   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Company              | Modine Manufacturing Company                                        | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     10000 | NS      | $985000.00    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corporation        | National Bank Holdings Corporation - Class A                        | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9000 | NS      | $338490.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                      | Onto Innovation, Inc.                                               | CUSIP: 683344105<br>LEI: 549300V1USTYXJ7TNR79 | Long             | EC               | CORP              | US        |      4000 | NS      | $403720.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthofix Medical Inc.                     | Orthofix Medical Inc.                                               | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80000 | NS      | $892000.00    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor, Inc.                       | Owens & Minor, Inc.                                                 | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |    100000 | NS      | $910000.00    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions Inc.                    | Penguin Solutions Inc. (Cayman Islands)                             | CUSIP: G8232Y101<br>LEI: 529900RDGHQY8XKXPN14 | Long             | EC               | CORP              | KY        |     20000 | NS      | $396200.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corporation             | Primoris Services Corporation                                       | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      5000 | NS      | $389700.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo, Inc.                               | Qorvo, Inc.                                                         | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     11700 | NS      | $993447.00    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corporation                   | QuidelOrtho Corporation                                             | CUSIP: 74838J101<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     31200 | NS      | $899184.00    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet, Inc.                              | RadNet, Inc.                                                        | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     27700 | NS      | $1576407.00   | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corporation                      | Renasant Corporation                                                | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |     22000 | NS      | $790460.00    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity, Inc.                             | Revvity, Inc.                                                       | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |     12500 | NS      | $1209000.00   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corporation         | Sensient Technologies Corporation                                   | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     17500 | NS      | $1724100.00   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corporation                     | TD SYNNEX Corporation                                               | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     10832 | NS      | $1469902.40   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Tactile Systems Technology, Inc.          | Tactile Systems Technology                                          | CUSIP: 87357P100<br>LEI: 54930069VDTITHOTKJ98 | Long             | EC               | CORP              | US        |     60000 | NS      | $608400.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| The Ensign Group, Inc.                    | The Ensign Group, Inc.                                              | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      6000 | NS      | $925560.00    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc.                    | Veeco Instruments, Inc.                                             | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     30000 | NS      | $609600.00    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corporation                | Xerox Holdings Corporation                                          | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |     80000 | NS      | $421600.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| j2 Global, Inc.                           | Ziff Davis, Inc.                                                    | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |      7200 | NS      | $217944.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Zumiez Inc.                               | Zumiez Inc.                                                         | CUSIP: 989817101<br>LEI: 549300J0PDF58P6HZD25 | Long             | EC               | CORP              | US        |     78500 | NS      | $1040910.00   | 2.35%             |  |  |  | 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