# EDGAR Filing Document

**Accession Number:** 0000315774
**File Stem:** 0001752724-23-023329
**Filing Date:** 2023-2
**Character Count:** 20054
**Document Hash:** da7d2761a8f17cd682f9ed7fa4ca88fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-023329.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001752724-23-023329

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORUM FUNDS
- **CENTRAL INDEX KEY:** 0000315774
- **IRS NUMBER:** 010516963
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03023
- **FILM NUMBER:** 23626116

**BUSINESS ADDRESS:**
- **STREET 1:** THREE CANAL PLAZA
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101
- **BUSINESS PHONE:** 2073472000

**MAIL ADDRESS:**
- **STREET 1:** FORUM FUNDS
- **STREET 2:** THREE CANAL PLAZA
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FORUM FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAHNESTOCK DAILY INCOME FUND INC
- **DATE OF NAME CHANGE:** 19870617

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DAILY INCOME EXTENSION FUND INC
- **DATE OF NAME CHANGE:** 19810607

## Series and Classes Contracts Data

### DF Dent Small Cap Growth Fund (Series ID: S000037552)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000115949 | Investor Shares      | DFDSX           |
| C000195206 | Institutional Shares | DFSGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-03023

- **c. CIK number of Registrant:** 0000315774

- **d. LEI of Registrant:** 549300LXYEU14CHGAO13

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

  - **Street Address 1:** THREE CANAL PLAZA, SUITE 600

  - **City:** PORTLAND

  - **State:** ME

  - **Foreign country:** US

  - **Zip / Postal Code:** 04101

  - **Telephone number:** 207-347-2000

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

- **a. Name of Series:** DF DENT SMALL CAP GROWTH FUND

- **b. EDGAR series identifier (if any):** S000037552

- **c. LEI of Series:** 254900Z87DGT7PD99J39

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

- **a. Date of fiscal year-end:** 2023-06-30

- **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:** $79881028.75

**Total Liabilities:** $198682.36

**Net Assets:** $79682346.39

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000115949 | 6.31%                | 3.67%                | -5.52%               |
| Class ID C000195206 | 6.34%                | 3.65%                | -5.50%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-307662.57              | $5228931.00                                |
| Month 2  | $-412871.84              | $3511532.21                                |
| Month 3  | $-1072531.59             | $-3625371.09                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EVERTEC Inc                    | EVERTEC, Inc.                            | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     40609 | NS      | $1314919.42   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                    | Trex Co., Inc.                           | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20555 | NS      | $870093.15    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutio | Bright Horizons Family Solutions, Inc.   | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15962 | NS      | $1007202.20   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| OrthoPediatrics Corp           | OrthoPediatrics Corp.                    | CUSIP: 68752L100<br>LEI: 5493000KUTPFGOPAT717 | Long             | EC               | CORP              | US        |     25961 | NS      | $1031430.53   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Atrion Corp                    | Atrion Corp.                             | CUSIP: 049904105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2777 | NS      | $1553592.65   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Abcam PLC                      | Abcam PLC                                | CUSIP: 000380204<br>LEI: 213800B9N83DSNT33F79 | Long             | EC               | CORP              | GB        |    111410 | NS      | $1733539.60   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                      | Chewy, Inc.                              | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |     33042 | NS      | $1225197.36   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc        | Goosehead Insurance, Inc.                | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |     43442 | NS      | $1491798.28   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                     | HEICO Corp.                              | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     28869 | NS      | $3459949.65   | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc         | Guidewire Software, Inc.                 | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     28473 | NS      | $1781270.88   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Envestnet Inc                  | Envestnet, Inc.                          | CUSIP: 29404K106<br>LEI: 549300HLWZ5OKIDM8737 | Long             | EC               | CORP              | US        |     13284 | NS      | $819622.80    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CryoPort Inc                   | CryoPort, Inc.                           | CUSIP: 229050307<br>LEI: 9845004D8538BT8JF626 | Long             | EC               | CORP              | US        |     24652 | NS      | $427712.20    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                  | Cable One, Inc.                          | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |      1906 | NS      | $1356805.16   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesa Laboratories Inc          | Mesa Laboratories, Inc.                  | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |      7226 | NS      | $1201033.46   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc              | Sprout Social, Inc.                      | CUSIP: 85209W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24632 | NS      | $1390722.72   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics Inc           | Douglas Dynamics, Inc.                   | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |     83740 | NS      | $3028038.40   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc               | HealthEquity, Inc.                       | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     32510 | NS      | $2003916.40   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Mobile Mini Holdings  | WillScot Mobile Mini Holdings Corp.      | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     51385 | NS      | $2321060.45   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc     | Floor & Decor Holdings, Inc.             | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |     24772 | NS      | $1724874.36   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1132326 | NS      | $1132325.69   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Descartes Systems Group Inc/Th | The Descartes Systems Group, Inc.        | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |     19612 | NS      | $1365975.80   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands Inc                 | Utz Brands, Inc.                         | CUSIP: 918090101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    132211 | NS      | $2096866.46   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Trupanion Inc                  | Trupanion, Inc.                          | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Long             | EC               | CORP              | US        |     32540 | NS      | $1546626.20   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc         | Alarm.com Holdings, Inc.                 | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |     25284 | NS      | $1251052.32   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc              | Hamilton Lane, Inc.                      | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     38462 | NS      | $2456952.56   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                     | Kadant, Inc.                             | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      6890 | NS      | $1223870.70   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Endava PLC                     | Endava PLC                               | CUSIP: 29260V105<br>LEI: 213800JJ6CRPCWCQVZ25 | Long             | EC               | CORP              | GB        |     25815 | NS      | $1974847.50   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc      | Kinsale Capital Group, Inc.              | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      6574 | NS      | $1719232.48   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Workiva Inc                    | Workiva, Inc.                            | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |     24090 | NS      | $2022837.30   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                  | Repligen Corp.                           | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |     11223 | NS      | $1900166.13   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SiteOne Landscape Supply Inc   | SiteOne Landscape Supply, Inc.           | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |     18710 | NS      | $2195057.20   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc   | Simpson Manufacturing Co., Inc.          | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      8344 | NS      | $739779.04    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                     | Azenta, Inc.                             | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     18993 | NS      | $1105772.46   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| WNS Holdings Ltd               | WNS Holdings, Ltd.                       | CUSIP: 92932M101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | JE        |     26758 | NS      | $2140372.42   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PROS Holdings Inc              | PROS Holdings, Inc.                      | CUSIP: 74346Y103<br>LEI: 549300LPE1KNL5RWKQ48 | Long             | EC               | CORP              | US        |     46696 | NS      | $1132844.96   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                     | CarMax, Inc.                             | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28102 | NS      | $1711130.78   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                    | Novanta, Inc.                            | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     18163 | NS      | $2467806.81   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular Inc          | LeMaitre Vascular, Inc.                  | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |     29035 | NS      | $1336190.70   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc       | Procore Technologies, Inc.               | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     22772 | NS      | $1074382.96   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc           | Medpace Holdings, Inc.                   | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |     11719 | NS      | $2489232.79   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                   | Exponent, Inc.                           | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |     24221 | NS      | $2400058.89   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                    | Progyny, Inc.                            | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20395 | NS      | $635304.25    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Perimeter Solutions SA         | Perimeter Solutions SA                   | CUSIP: L7579L106<br>LEI: 2221003U8GJZ9U4MR505 | Long             | EC               | CORP              | LU        |     85796 | NS      | $784175.44    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                | Bio-Techne Corp.                         | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     23268 | NS      | $1928451.84   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc       | Manhattan Associates, Inc.               | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |     14051 | NS      | $1705791.40   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| John Bean Technologies Corp    | John Bean Technologies Corp.             | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     20971 | NS      | $1915281.43   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                   | Appfolio, Inc.                           | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |     11469 | NS      | $1208603.22   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                    | Wayfair, Inc.                            | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |     15916 | NS      | $523477.24    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackline Inc                  | BlackLine, Inc.                          | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |     25966 | NS      | $1746732.82   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                       | WD-40 Co.                                | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      9844 | NS      | $1586951.24   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-14

**Name of Applicant:** Forum Funds

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer