# EDGAR Filing Document

**Accession Number:** 0000315774
**File Stem:** 0000315774-26-000049
**Filing Date:** 2026-2
**Character Count:** 33844
**Document Hash:** b74a01c1c0fc6867a06034a5703e0672
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000315774-26-000049.hdr.sgml**: 20260220

**ACCESSION NUMBER**: 0000315774-26-000049

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260220

**DATE AS OF CHANGE**: 20260220

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORUM FUNDS
- **CENTRAL INDEX KEY:** 0000315774

**ORGANIZATION NAME:**
- **EIN:** 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:** 26656642

**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

### Lisanti Small Cap Growth Fund (Series ID: S000004564)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000012485 | Lisanti Small Cap Growth Fund | ASCGX           |

## 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:** LISANTI SMALL CAP GROWTH FUND

- **b. EDGAR series identifier (if any):** S000004564

- **c. LEI of Series:** 254900NCP1SN2FGLBO94

**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:** $17525148.38

**Total Liabilities:** $66546.44

**Net Assets:** $17458601.94

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012485 | 4.10%                | 0.64%                | -3.87%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $533216.72               | $168477.43                                 |
| Month 2  | $63658.94                | $71883.01                                  |
| Month 3  | $772671.65               | $-1466796.40                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADMA Biologics Inc             | ADMA Biologics, Inc.                       | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4500 | NS      | $82080.00     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc        | ANI Pharmaceuticals, Inc.                  | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |      1230 | NS      | $97096.20     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co         | Abercrombie & Fitch Co.                    | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      1130 | NS      | $142233.10    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaptive Biotechnologies Corp  | Adaptive Biotechnologies Corp.             | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |      5690 | NS      | $92405.60     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc | Advanced Energy Industries, Inc.           | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      1115 | NS      | $233447.55    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                    | Allient, Inc.                              | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |      2250 | NS      | $120937.50    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings Inc          | Alphatec Holdings, Inc.                    | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Long             | EC               | CORP              | US        |     15360 | NS      | $323174.40    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Amprius Technologies Inc       | Amprius Technologies, Inc.                 | CUSIP: 03214Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8015 | NS      | $63238.35     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie | Applied Industrial Technologies, Inc.      | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |       445 | NS      | $114262.65    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                 | Astronics Corp.                            | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |       980 | NS      | $53155.20     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Axogen Inc                     | Axogen, Inc.                               | CUSIP: 05463X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5945 | NS      | $194579.85    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Beta Bionics Inc               | Beta Bionics, Inc.                         | CUSIP: 08659B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2320 | NS      | $70690.40     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Restaurants Inc           | BJ's Restaurants, Inc.                     | CUSIP: 09180C106<br>LEI: 5299000EOW66I1OJNQ23 | Long             | EC               | CORP              | US        |      4285 | NS      | $168829.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp              | Bloom Energy Corp.                         | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |      1980 | NS      | $172042.20    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc         | Boot Barn Holdings, Inc.                   | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      1700 | NS      | $299999.00    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Braze Inc                      | Braze, Inc.                                | CUSIP: 10576N102<br>LEI: 9845007B9EDBFD37C277 | Long             | EC               | CORP              | US        |      4785 | NS      | $164077.65    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpring Health Services I | BrightSpring Health Services, Inc.         | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8370 | NS      | $313456.50    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp        | CECO Environmental Corp.                   | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |      4515 | NS      | $270222.75    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Inc                      | Calix, Inc.                                | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |      3925 | NS      | $207750.25    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp      | Carpenter Technology Corp.                 | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      1165 | NS      | $366788.60    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc               | Clear Secure, Inc.                         | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2225 | NS      | $78053.00     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp/WA      | Coastal Financial Corp./WA                 | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |      1785 | NS      | $204543.15    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc      | Construction Partners, Inc.                | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |      2440 | NS      | $264862.00    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Crinetics Pharmaceuticals Inc  | Crinetics Pharmaceuticals, Inc.            | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |      2320 | NS      | $107996.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc               | Cytokinetics, Inc.                         | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |      3015 | NS      | $191573.10    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings Inc      | DigitalOcean Holdings, Inc.                | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |      4125 | NS      | $198495.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                 | Dutch Bros, Inc.                           | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2655 | NS      | $162539.10    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| D-Wave Quantum Inc             | D-Wave Quantum, Inc.                       | CUSIP: 26740W109<br>LEI: 5493001U37G4PRD4GW95 | Long             | EC               | CORP              | US        |      3395 | NS      | $88779.25     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc           | Dycom Industries, Inc.                     | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |       825 | NS      | $278767.50    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Dyne Therapeutics Inc          | Dyne Therapeutics, Inc.                    | CUSIP: 26818M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6265 | NS      | $122543.40    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc        | Enova International, Inc.                  | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |      1730 | NS      | $271956.00    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| EverQuote Inc                  | EverQuote, Inc.                            | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7670 | NS      | $207090.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolv Technologies Holdings In | Evolv Technologies Holdings, Inc.          | CUSIP: 30049H102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9195 | NS      | $65836.20     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | First American Treasury Obligations Fund   | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    350727 | NS      | $350727.14    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                 | Five Below, Inc.                           | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      1690 | NS      | $318328.40    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp                   | Glaukos Corp.                              | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |       970 | NS      | $109522.70    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc            | Guardant Health, Inc.                      | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |      1565 | NS      | $159849.10    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| HeartFlow Inc                  | HeartFlow, Inc.                            | CUSIP: 42238D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2405 | NS      | $70105.75     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc              | Herc Holdings, Inc.                        | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      1560 | NS      | $231472.80    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Hinge Health Inc               | Hinge Health, Inc.                         | CUSIP: 433313103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2235 | NS      | $103815.75    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc     | Huron Consulting Group, Inc.               | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |      1850 | NS      | $319883.50    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| iRhythm Technologies Inc       | iRhythm Technologies, Inc.                 | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |       695 | NS      | $123320.80    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                     | Impinj, Inc.                               | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |      1125 | NS      | $195761.25    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc      | Ionis Pharmaceuticals, Inc.                | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |       905 | NS      | $71594.55     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp                 | JBT Marel Corp.                            | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |      1744 | NS      | $262768.48    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc            | Karman Holdings, Inc.                      | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2730 | NS      | $199754.10    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Klaviyo Inc                    | Klaviyo, Inc.                              | CUSIP: 49845K101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9585 | NS      | $311224.95    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Ho | Knight-Swift Transportation Holdings, Inc. | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5770 | NS      | $301655.60    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu | Kratos Defense & Security Solutions, Inc.  | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      2520 | NS      | $191293.20    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Inc     | Ligand Pharmaceuticals, Inc.               | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |      1670 | NS      | $315746.90    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc          | Lumentum Holdings, Inc.                    | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |       540 | NS      | $199038.60    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp              | MP Materials Corp.                         | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |      3915 | NS      | $197785.80    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                     | Macy's, Inc.                               | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |      5720 | NS      | $126126.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd              | Steven Madden, Ltd.                        | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |      2870 | NS      | $119506.80    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                     | MasTec, Inc.                               | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |       810 | NS      | $176069.70    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc            | Mercury Systems, Inc.                      | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |      5270 | NS      | $384762.70    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp            | Meritage Homes Corp.                       | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |      2720 | NS      | $178976.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc        | Mirion Technologies, Inc.                  | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |      8645 | NS      | $202465.90    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc   | National Vision Holdings, Inc.             | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |      8010 | NS      | $206818.20    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc                  | Nextpower, Inc.                            | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2700 | NS      | $235197.00    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| nLight Inc                     | nLight, Inc.                               | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5705 | NS      | $213994.55    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PDF Solutions Inc              | PDF Solutions, Inc.                        | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |      5760 | NS      | $164332.80    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Palvella Therapeutics Inc      | Palvella Therapeutics, Inc.                | CUSIP: 697947109<br>LEI: 254900AJDH8PAOOI5T33 | Long             | EC               | CORP              | US        |      1675 | NS      | $175322.25    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc         | Patrick Industries, Inc.                   | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |       780 | NS      | $84575.40     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                | Pegasystems, Inc.                          | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |      3840 | NS      | $229324.80    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos              | Piper Sandler Cos.                         | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |       680 | NS      | $231002.80    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc             | Planet Fitness, Inc.                       | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |      1495 | NS      | $162162.65    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Labs PBC                | Planet Labs PBC                            | CUSIP: 72703X106<br>LEI: 254900Q7PVI3HTQBRB44 | Long             | EC               | CORP              | US        |      5650 | NS      | $111418.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BioRobotics Corp       | PROCEPT BioRobotics Corp.                  | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1960 | NS      | $61661.60     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc               | RBC Bearings, Inc.                         | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       545 | NS      | $244394.35    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                  | Repligen Corp.                             | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |       565 | NS      | $92580.90     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp           | GeneDx Holdings Corp.                      | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1485 | NS      | $193139.10    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                   | Semtech Corp.                              | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |      1690 | NS      | $124536.10    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SI-BONE Inc                    | SI-BONE, Inc.                              | CUSIP: 825704109<br>LEI: 549300J8JGYVJJHV9C31 | Long             | EC               | CORP              | US        |      3170 | NS      | $62512.40     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ARS Pharmaceuticals Inc        | ARS Pharmaceuticals, Inc.                  | CUSIP: 82835W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15880 | NS      | $185002.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                    | SiTime Corp.                               | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       935 | NS      | $330232.65    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure  | Solaris Energy Infrastructure, Inc.        | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |      3185 | NS      | $146414.45    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc    | Sterling Infrastructure, Inc.              | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |       305 | NS      | $93400.15     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc           | TTM Technologies, Inc.                     | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |      2835 | NS      | $195615.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tandem Diabetes Care Inc       | Tandem Diabetes Care, Inc.                 | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Long             | EC               | CORP              | US        |     10730 | NS      | $235845.40    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Tarsus Pharmaceuticals Inc     | Tarsus Pharmaceuticals, Inc.               | CUSIP: 87650L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2610 | NS      | $213706.80    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc          | TransMedics Group, Inc.                    | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |      2330 | NS      | $283444.50    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Travere Therapeutics Inc       | Travere Therapeutics, Inc.                 | CUSIP: 89422G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5345 | NS      | $204232.45    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc           | Urban Outfitters, Inc.                     | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |      1065 | NS      | $80151.90     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                       | VSE Corp.                                  | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |      1355 | NS      | $234103.35    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                    | Wayfair, Inc.                              | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |      1940 | NS      | $194795.40    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Xometry Inc                    | Xometry, Inc.                              | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Long             | EC               | CORP              | US        |      3545 | NS      | $210821.15    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Zeta Global Holdings Corp      | Zeta Global Holdings Corp.                 | CUSIP: 98956A105<br>LEI: 2549008P9XSJQHGQ9S27 | Long             | EC               | CORP              | US        |      6055 | NS      | $123219.25    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding | Credo Technology Group Holding, Ltd.       | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      1220 | NS      | $175545.80    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                  | On Holding AG                              | CUSIP: H5919C104<br>LEI: 506700FB3467B9W95526 | Long             | EC               | CORP              | CH        |      3895 | NS      | $181039.60    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Camtek Ltd/Israel              | Camtek, Ltd./Israel                        | CUSIP: M20791105<br>LEI: 5493000H80W07HCKGS43 | Long             | EC               | CORP              | IL        |      1185 | NS      | $126018.83    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                      | JFrog, Ltd.                                | CUSIP: M6191J100<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | IL        |      5965 | NS      | $372573.90    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Newamsterdam Pharma Co NV      | Newamsterdam Pharma Co. NV                 | CUSIP: N62509109<br>LEI: 984500B6549TF6E14D36 | Long             | EC               | CORP              | NL        |      6595 | NS      | $231352.60    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-10

**Name of Applicant:** Forum Funds

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer