# EDGAR Filing Document

**Accession Number:** 0001196878
**File Stem:** 0001413042-26-000124
**Filing Date:** 2026-2
**Character Count:** 20514
**Document Hash:** 79fc0fc3034389880c606f1563b7dd9b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-26-000124.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0001413042-26-000124

**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:** 26670905

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

## Series and Classes Contracts Data

### Paradigm Select Fund (Series ID: S000005316)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000014507 | Paradigm Select Fund | PFSLX           |

## 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 Select Fund

- **b. EDGAR series identifier (if any):** S000005316

- **c. LEI of Series:** 549300MOWYRO1YRYAC56

**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:** $124334916.31

**Total Liabilities:** $144043.85

**Net Assets:** $124190872.46

**Cash Not Reported:** $100.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000014507 | 4.09%                | 7.39%                | -0.31%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $772988.84               | $3859935.02                                |
| Month 2  | $-442502.15              | $9054836.92                                |
| Month 3  | $-3146339.49             | $2736036.26                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ATI, Inc.                                                                                | ATI, Inc.                                                          | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     18000 | NS      | $2065680.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtran, Inc.                                                                             | Adtran, Inc.                                                       | CUSIP: 00486H105<br>LEI: 549300XWTHXJVGKWU616 | Long             | EC               | CORP              | US        |     72300 | NS      | $628287.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.                                                           | American Financial Group, Inc.                                     | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      6450 | NS      | $881586.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies, Inc.                                                               | Axcelis Technologies, Inc.                                         | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     12000 | NS      | $964080.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Company                                                                    | Boise Cascade Company                                              | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     42000 | NS      | $3091200.00   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource, Inc.                                                               | Builders FirstSource, Inc.                                         | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     42700 | NS      | $4393403.00   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation                                                         | Carpenter Technology Corporation                                   | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     15600 | NS      | $4911504.00   | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corporation                                                                   | Concentrix Corporation                                             | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |     20000 | NS      | $831600.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Dentsply Sirona, Inc.                                                                    | Dentsply Sirona, Inc.                                              | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |     80000 | NS      | $914400.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group, Inc.                                                                        | EMCOR Group, Inc.                                                  | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     15400 | NS      | $9421566.00   | 7.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Enviri Corporation                                                                       | Enviri Corporation                                                 | CUSIP: 415864107<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | EC               | CORP              | US        |     80000 | NS      | $1433600.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life, Inc.                                                               | F&G Annuities & Life, Inc.                                         | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       354 | NS      | $10920.90     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.                                                        | Fidelity National Financial, Inc                                   | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      5900 | NS      | $322081.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd.                                                                              | Garmin Ltd. (Switzerland)                                          | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |     19075 | NS      | $3869363.75   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical, Inc.                                                                     | Globus Medical, Inc. - Class A                                     | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     86200 | NS      | $7526122.00   | 6.06%             |  |  |  | No            |                  1 | 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        |   8068869 | NS      | $8068868.92   | 6.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand, Inc.                                                                        | Hillenbrand, Inc.                                                  | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     16600 | NS      | $526552.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises, Inc.                                                                | Insight Enterprises, Inc.                                          | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     20000 | NS      | $1629400.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Lifesciences Holdings Corporation                                                | Integra Lifesciences Holdings Corporation                          | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |    110000 | NS      | $1366200.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil, Inc.                                                                              | Jabil, Inc.                                                        | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     13400 | NS      | $3055468.00   | 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        |     80175 | NS      | $3652773.00   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc.                                                                   | Lumentum Holdings Inc.                                             | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     24600 | NS      | $9067314.00   | 7.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Group Ltd.                                                            | Marvell Technology, Inc.                                           | CUSIP: 573874104<br>LEI: 8DF36O58U3QIHUCGZB18 | Long             | EC               | CORP              | US        |     69400 | NS      | $5897612.00   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corporation                                                                       | Masimo Corporation                                                 | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |     10200 | NS      | $1326612.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterBrand, Inc.                                                                        | MasterBrand, Inc.                                                  | CUSIP: 57638P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80000 | NS      | $883200.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.                                                  | Mid-America Apartment Communities, Inc.                            | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     10350 | NS      | $1437718.50   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera, Inc.                                                                             | Natera, Inc.                                                       | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59400 | NS      | $13607946.00  | 10.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                                                                     | Onto Innovation Inc.                                               | CUSIP: 683344105<br>LEI: 549300V1USTYXJ7TNR79 | Long             | EC               | CORP              | US        |     12000 | NS      | $1894320.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthofix Medical Inc.                                                                    | Orthofix Medical Inc.                                              | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $1516000.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor, Inc.                                                                      | Owens & Minor, Inc.                                                | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |    240000 | NS      | $672000.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corporation                                                            | Progress Software Corporation                                      | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     32100 | NS      | $1379016.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo, Inc.                                                                              | Qorvo, Inc.                                                        | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     12800 | NS      | $1081728.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                                                                         | QuidelOrtho Corporation                                            | CUSIP: 74838J101<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     62390 | NS      | $1781858.40   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal-Beloit Corporation                                                                 | Regal Rexnord Corp.                                                | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     12200 | NS      | $1711904.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity, Inc.                                                                            | Revvity, Inc.                                                      | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |     25000 | NS      | $2418750.00   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corporation                                                        | Sensient Technologies Corporation                                  | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     27100 | NS      | $2546045.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corporation                                                                    | TD SYNNEX Corporation                                              | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     10000 | NS      | $1502300.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tactile Systems Technology, Inc.                                                         | Tactile Systems Technology, Inc.                                   | CUSIP: 87357P100<br>LEI: 54930069VDTITHOTKJ98 | Long             | EC               | CORP              | US        |     60000 | NS      | $1740000.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne, Inc.                                                                           | Teradyne, Inc.                                                     | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     33650 | NS      | $6513294.00   | 5.24%             |  |  |  | No            |                  1 | On Loan: No      |
| The Ensign Group, Inc.                                                                   | The Ensign Group, Inc.                                             | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     10000 | NS      | $1742000.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments, Inc.                                                                  | Veeco Instruments, Inc.                                            | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     40000 | NS      | $1143200.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Water Solutions Corporation                                                         | Zurn Elkay Water Solutions Corp.                                   | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |    102300 | NS      | $4755927.00   | 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