# EDGAR Filing Document

**Accession Number:** 0001196878
**File Stem:** 0001413042-26-000122
**Filing Date:** 2026-2
**Character Count:** 19689
**Document Hash:** dca747d3bc9c3391bf036af727e2a4b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-26-000122.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0001413042-26-000122

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**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:** 26670874

**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:** 2025-12-31

**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:** $136749936.83

**Total Liabilities:** $2477326.62

**Net Assets:** $134272610.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000057148 | -2.72%               | 1.80%                | -3.57%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2174388.98              | $-6052984.73                               |
| Month 2  | $1683909.40              | $623990.47                                 |
| Month 3  | $-12319936.16            | $7469871.34                                |

### 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        |    188300 | NS      | $3331027.00   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corporation                                                               | Addus HomeCare Corporation                                         | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     19700 | NS      | $2115583.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holdings, Inc.                                                                    | ADTRAN Holdings, Inc.                                              | CUSIP: 00486H105<br>LEI: 549300XWTHXJVGKWU616 | Long             | EC               | CORP              | US        |    300000 | NS      | $2607000.00   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters, Inc.                                                          | American Eagle Outfitters, Inc.                                    | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     13300 | NS      | $350721.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AngioDynamics, Inc.                                                                      | AngioDynamics, Inc.                                                | CUSIP: 03475V101<br>LEI: 549300W3VKC5ZKMO8C28 | Long             | EC               | CORP              | US        |    200000 | NS      | $2568000.00   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc.                                                                   | Arlo Technologies, Inc.                                            | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |    149200 | NS      | $2087308.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| AtriCure, Inc.                                                                           | AtriCure, Inc.                                                     | CUSIP: 04963C209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60900 | NS      | $2409204.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta, Inc.                                                                             | Azenta, Inc.                                                       | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |      9800 | NS      | $325948.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works, Inc.                                                                  | Bath & Body Works, Inc.                                            | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    200000 | NS      | $4016000.00   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Caleres, Inc.                                                                            | Caleres, Inc.                                                      | CUSIP: 129500104<br>LEI: JFU6RQQJ8Z1CPOLBXQ18 | Long             | EC               | CORP              | US        |    100000 | NS      | $1217000.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerence Inc.                                                                             | Cerence, Inc.                                                      | CUSIP: 156727109<br>LEI: 5493002WL2W5WMS89568 | Long             | EC               | CORP              | US        |    300000 | NS      | $3207000.00   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu, Inc.                                                                               | Cohu, Inc.                                                         | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |    100000 | NS      | $2327000.00   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corporation                                                                   | Concentrix Corporation                                             | CUSIP: 20602DAB7<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |     20000 | NS      | $831600.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Cross Country Healthcare, Inc.                                                           | Cross Country Healthcare, Inc.                                     | CUSIP: 227483104<br>LEI: 54930037L0NBIPZ5S663 | Long             | EC               | CORP              | US        |     55000 | NS      | $445500.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Colfax Corporation                                                                       | Enovis Corporation                                                 | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |    140000 | NS      | $3729600.00   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris, Inc.                                                                           | Entegris Inc                                                       | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     40000 | NS      | $3370000.00   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Enviri Corporation                                                                       | Enviri Corporation                                                 | CUSIP: 415864107<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | EC               | CORP              | US        |    300000 | NS      | $5376000.00   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks, Inc.                                                                   | Extreme Networks, Inc.                                             | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    300000 | NS      | $4995000.00   | 3.72%             |  |  |  | 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    | 0.08%             |  |  |  | No            |                  3 | On Loan: No      |
| Goldman Sachs Trust - Goldman Sachs Financial Square Government Fund Institutional Class | Goldman Sachs Financial Square Government Fund Institutional Class | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |  12626714 | NS      | $12626713.88  | 9.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Limited                                                                    | Helen of Troy Limited                                              | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    140000 | NS      | $2975000.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises, Inc.                                                                | Insight Enterprises, Inc.                                          | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     40000 | NS      | $3258800.00   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Lifesciences Holdings Corporation                                                | Integra Lifesciences Holdings                                      | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |    500000 | NS      | $6210000.00   | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| J.Jill, Inc.                                                                             | J.Jill, Inc.                                                       | CUSIP: 46620W201<br>LEI: 529900I19PJIF8MIDL12 | Long             | EC               | CORP              | US        |    147000 | NS      | $2016840.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc.                                                                              | Kadant, Inc.                                                       | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |     11600 | NS      | $3306232.00   | 2.46%             |  |  |  | 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      | $1535372.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Company                                                             | Modine Manufacturing Company                                       | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |    100000 | NS      | $13351000.00  | 9.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                                                                     | Onto Innovation, Inc.                                              | CUSIP: 683344105<br>LEI: 549300V1USTYXJ7TNR79 | Long             | EC               | CORP              | US        |     50000 | NS      | $7893000.00   | 5.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthofix Medical Inc.                                                                    | Orthofix Medical, Inc.                                             | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    400000 | NS      | $6064000.00   | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions, Inc.                                                                  | Penguin Solutions, Inc.                                            | CUSIP: G8232Y101<br>LEI: 529900RDGHQY8XKXPN14 | Long             | EC               | CORP              | KY        |    140000 | NS      | $2738400.00   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennant Group, Inc.                                                                      | Pennant Group, Inc.                                                | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |    180000 | NS      | $5067000.00   | 3.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corporation                                                            | Progress Software Corporation                                      | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     10900 | NS      | $468264.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                                                                         | QuidelOrtho Corporation                                            | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |    140000 | NS      | $3998400.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Ribbon Communications Inc.                                                               | Ribbon Communications, Inc.                                        | CUSIP: 762544104<br>LEI: 549300L1E8Z8RL7CUL52 | Long             | EC               | CORP              | US        |    300000 | NS      | $864000.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corporation                                                        | Sensient Technologies Corporation                                  | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |      5950 | NS      | $559002.50    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TTEC Holdings, Inc.                                                                      | TTEC Holdings, Inc.                                                | CUSIP: 89854H102<br>LEI: GTJS1N8S8I28A7L4WG97 | Long             | EC               | CORP              | US        |    300000 | NS      | $1080000.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Tactile Systems Technology, Inc.                                                         | Tactile Systems Technology, Inc.                                   | CUSIP: 87357P100<br>LEI: 54930069VDTITHOTKJ98 | Long             | EC               | CORP              | US        |    100000 | NS      | $2900000.00   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| The Ensign Group, Inc.                                                                   | The Ensign Group, Inc.                                             | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     40000 | NS      | $6968000.00   | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TruBridge, Inc.                                                                          | TruBridge, Inc.                                                    | CUSIP: 205306103<br>LEI: 5493005Q6CJC78TGL805 | Long             | EC               | CORP              | US        |    100000 | NS      | $2207000.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc.                                                                   | Veeco Instruments, Inc.                                            | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |    180000 | NS      | $5144400.00   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-23

**Name of Applicant:** Paradigm Funds

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

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

**Title:** Chief Financial Officer