# EDGAR Filing Document

**Accession Number:** 0001215880
**File Stem:** 0001413042-26-000142
**Filing Date:** 2026-2
**Character Count:** 30779
**Document Hash:** e24b43484cf2c6051da51f8d9f983886
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-26-000142.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001413042-26-000142

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEIMAN FUNDS
- **CENTRAL INDEX KEY:** 0001215880

**ORGANIZATION NAME:**
- **EIN:** 562328324
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21290
- **FILM NUMBER:** 26682134

**BUSINESS ADDRESS:**
- **STREET 1:** 305 SPINDRIFT DRIVE
- **CITY:** WILLIAMSVILLE
- **STATE:** NY
- **ZIP:** 14221
- **BUSINESS PHONE:** 8583360832

**MAIL ADDRESS:**
- **STREET 1:** 305 SPINDRIFT DRIVE
- **CITY:** WILLIAMSVILLE
- **STATE:** NY
- **ZIP:** 14221

## Series and Classes Contracts Data

### Advisors Capital Small/Mid Cap Fund (Series ID: S000070469)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000223975 | Advisors Capital Small/Mid Cap Fund | ACSMX           |

## Nport-Ex

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Advisors Capital Small/Mid Cap Fund** | **Advisors Capital Small/Mid Cap Fund** | **Advisors Capital Small/Mid Cap Fund** | **Advisors Capital Small/Mid Cap Fund** | **Advisors Capital Small/Mid Cap Fund** |
|  |  | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
|  |  | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **Shares** |  |  | **Fair Value** | **% of Net Assets** |
| **COMMON STOCKS** | **COMMON STOCKS** |  |  |  |
| **Abrasive, Asbestos & Miscellaneous Nonmetallic Mineral Products** | **Abrasive, Asbestos & Miscellaneous Nonmetallic Mineral Products** | **Abrasive, Asbestos & Miscellaneous Nonmetallic Mineral Products** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34000 | Owens Corning |  | $3804940 | 3.24% |
| **Ball & Roller Bearings** | **Ball & Roller Bearings** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18700 | RBC Bearings Incorporated \* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8385641 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33500 | The Timken Company |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2818355 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11203996 | 9.54% |
| **Glass Containers** | **Glass Containers** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103200 | Stevanato Group S.p.A. (Italy) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2076384 | 1.77% |
| **Industrial & Commercial Fans & Blowers & Air Purifying Equipment** | **Industrial & Commercial Fans & Blowers & Air Purifying Equipment** | **Industrial & Commercial Fans & Blowers & Air Purifying Equipment** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19500 | Donaldson Company, Inc. |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1728870 | 1.47% |
| **Investment Advice** | **Investment Advice** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13900 | Evercore Inc. - Class A |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4729475 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29800 | PJT Partners Inc. - Class A |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4982560 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9712035 | 8.27% |
| **Laboratory Analytical Instruments** | **Laboratory Analytical Instruments** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218800 | Avantor, Inc. \* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2507448 | 2.14% |
| **Miscellaneous Food Preparations & Kindred Products** | **Miscellaneous Food Preparations & Kindred Products** | **Miscellaneous Food Preparations & Kindred Products** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163200 | Utz Brands, Inc. - Class A |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1694016 | 1.44% |
| **Operative Builders** | **Operative Builders** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21700 | Toll Brothers, Inc. |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2934274 | 2.50% |
| **Plastic Foam Products** | **Plastic Foam Products** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12200 | Advanced Drainage Systems, Inc. |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1766926 | 1.51% |
| **Real Estate Agents & Managers (For Others)** | **Real Estate Agents & Managers (For Others)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17900 | FirstService Corp. (Canada) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2783987 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15800 | Jones Lang LaSalle Incorporated \* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5316226 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8100213 | 6.90% |
| **Retail - Auto Dealers & Gasoline Stations** | **Retail - Auto Dealers & Gasoline Stations** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12000 | Casey's General Stores, Inc. |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6632520 | 5.65% |
| **Security Brokers, Dealers & Flotation Companies** | **Security Brokers, Dealers & Flotation Companies** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127100 | Virtu Financial, Inc. - Class A |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4234972 | 3.61% |
| **Services - Computer Processing & Data Preparation** | **Services - Computer Processing & Data Preparation** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147000 | QXO, Inc. \* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2835630 | 2.42% |
| **Services - Detective, Guard & Armored Car Services** | **Services - Detective, Guard & Armored Car Services** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14500 | Allegion PLC (Ireland) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2308690 | 1.97% |
| **Services - Medical Laboratories** | **Services - Medical Laboratories** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135000 | Castle Biosciences, Inc. \* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5251500 | 4.47% |
| **Services - Miscellaneous Amusement & Recreation** | **Services - Miscellaneous Amusement & Recreation** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7100 | Madison Square Garden Sports Corp. - Class A \* | Madison Square Garden Sports Corp. - Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1836415 | 1.56% |
| **Services - Prepackaged Software** | **Services - Prepackaged Software** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11900 | AppFolio, Inc. - Class A \* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2768535 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75000 | Clearwater Analytics Holdings, Inc. - Class A \* | Clearwater Analytics Holdings, Inc. - Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1809000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34800 | Guidewire Software, Inc. \* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6995148 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48300 | nCino, Inc. \* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1238412 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46600 | Procore Technologies, Inc. \* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3389684 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16200779 | 13.80% |
| **State Commercial Banks** | **State Commercial Banks** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63800 | Coastal Financial Corporation \* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7310842 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13000 | Wintrust Financial Corporation |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1817660 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9128502 | 7.78% |
| **Surgical & Medical Instruments & Apparatus** | **Surgical & Medical Instruments & Apparatus** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105400 | AtriCure, Inc. \* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4169624 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32300 | Solventum Corp. \* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2559452 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6729076 | 5.73% |
| **Television Broadcasting Stations** | **Television Broadcasting Stations** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53300 | Atlanta Braves Holdings, Inc. - Series C \* | Atlanta Braves Holdings, Inc. - Series C \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2102685 | 1.79% |
| **Title Insurance** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31900 | First American Financial Corporation |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1959936 | 1.67% |
| **Transportation Services** | **Transportation Services** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39300 | GXO Logistics, Inc. \* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2068752 | 1.76% |
| **Wholesale - Hardware & Plumbing & Heating Equipment & Supplies** | **Wholesale - Hardware & Plumbing & Heating Equipment & Supplies** | **Wholesale - Hardware & Plumbing & Heating Equipment & Supplies** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11200 | Watsco, Inc. |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3773840 | 3.21% |
| **Wholesale - Miscellaneous Durable Goods** | **Wholesale - Miscellaneous Durable Goods** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16100 | Pool Corporation |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3682875 | 3.14% |
| **Total for Common Stocks (Cost - $89,562,244)** | **Total for Common Stocks (Cost - $89,562,244)** |  | &nbsp;&nbsp;&nbsp;&nbsp;114275274 | 97.34% |
| **MONEY MARKET FUNDS** | **MONEY MARKET FUNDS** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3381195 | Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Institutional Class 3.61% \*\* |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3381195 | 2.88% |
| **Total For Money Market Funds (Cost - $3,381,195)** | **Total For Money Market Funds (Cost - $3,381,195)** | **Total For Money Market Funds (Cost - $3,381,195)** |  |  |
|  | **Total Investments** |  | &nbsp;&nbsp;&nbsp;&nbsp;117656469 | 100.22% |
|  | **(Cost - $92,943,439)** |  |  |  |
|  | **Liabilities in Excess of Other Assets** | **Liabilities in Excess of Other Assets** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(261975) | -0.22% |
|  | **Net Assets** |  | $117394494 | 100.00% |
| \* Non-Income Producing Security. | \* Non-Income Producing Security. |  |  |  |
| \*\* The Yield shown represents the 7-day yield at December 31, 2025. | \*\* The Yield shown represents the 7-day yield at December 31, 2025. | \*\* The Yield shown represents the 7-day yield at December 31, 2025. |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-21290

- **c. CIK number of Registrant:** 0001215880

- **d. LEI of Registrant:** 549300RIX1W2VYXCFZ85

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

  - **Street Address 1:** 305 SPINDRIFT DRIVE

  - **City:** WILLIAMSVILLE

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 14221

  - **Telephone number:** 858-336-0832

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

- **a. Name of Series:** Advisors Capital Small/Mid Cap Fund

- **b. EDGAR series identifier (if any):** S000070469

- **c. LEI of Series:** 549300I2RYCQV7S7JF68

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

- **a. Date of fiscal year-end:** 2026-09-30

- **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:** $117686793.84

**Total Liabilities:** $292300.10

**Net Assets:** $117394493.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223975 | -3.56%               | 2.43%                | -0.62%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $246550.22               | $-4116970.42                               |
| Month 2  | $-2642967.49             | $5530340.08                                |
| Month 3  | $0.00                    | $-685589.05                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Advanced Drainage Systems, Inc.                                                          | Advanced Drainage Systems, Inc.                                    | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |     12200 | NS      | $1766926.00   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion Public Limited Company                                                          | Allegion PLC (Ireland)                                             | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |     14500 | NS      | $2308690.00   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AppFolio, Inc.                                                                           | AppFolio, Inc. - Class A                                           | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |     11900 | NS      | $2768535.00   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc.                                                             | Atlanta Braves Holdings, Inc. - Series C                           | CUSIP: 047726302<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |     53300 | NS      | $2102685.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AtriCure, Inc.                                                                           | AtriCure, Inc.                                                     | CUSIP: 04963C209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105400 | NS      | $4169624.00   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor, Inc.                                                                            | Avantor, Inc.                                                      | CUSIP: 05352A100<br>LEI: 5493003VM0XB4U8YD238 | Long             | EC               | CORP              | US        |    218800 | NS      | $2507448.00   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores, Inc.                                                             | Casey's General Stores, Inc.                                       | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     12000 | NS      | $6632520.00   | 5.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Castle Biosciences, Inc.                                                                 | Castle Biosciences, Inc.                                           | CUSIP: 14843C105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    135000 | NS      | $5251500.00   | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings, Inc.                                                      | Clearwater Analytics Holdings, Inc. - Class A                      | CUSIP: 185123106<br>LEI: 894500N8DN2JO5ZDRQ11 | Long             | EC               | CORP              | US        |     75000 | NS      | $1809000.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corporation                                                            | Coastal Financial Corporation                                      | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |     63800 | NS      | $7310842.00   | 6.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Company, Inc.                                                                  | Donaldson Company, Inc.                                            | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     19500 | NS      | $1728870.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc.                                                                            | Evercore Inc. - Class A                                            | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     13900 | NS      | $4729475.00   | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corporation                                                     | First American Financial Corporation                               | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     31900 | NS      | $1959936.00   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp.                                                                       | FirstService Corp. (Canada)                                        | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |     17900 | NS      | $2783987.00   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics, Inc.                                                                      | GXO Logistics, Inc.                                                | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |     39300 | NS      | $2068752.00   | 1.76%             |  |  |  | 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        |   3381195 | NS      | $3381195.07   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software, Inc.                                                                 | Guidewire Software, Inc.                                           | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     34800 | NS      | $6995148.00   | 5.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang Lasalle Incorporated                                                          | Jones Lang LaSalle Incorporated                                    | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     15800 | NS      | $5316226.00   | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp.                                                       | Madison Square Garden Sports Corp. - Class A                       | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7100 | NS      | $1836415.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                                                                            | Owens Corning                                                      | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     34000 | NS      | $3804940.00   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc.                                                                        | PJT Partners Inc. - Class A                                        | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |     29800 | NS      | $4982560.00   | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corporation                                                                         | Pool Corporation                                                   | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |     16100 | NS      | $3682875.00   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies, Inc.                                                               | Procore Technologies, Inc.                                         | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     46600 | NS      | $3389684.00   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO, Inc.                                                                                | QXO, Inc.                                                          | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    147000 | NS      | $2835630.00   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings, Inc.                                                                       | RBC Bearings, Inc.                                                 | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18700 | NS      | $8385641.00   | 7.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Solventum Corp.                                                                          | Solventum Corp.                                                    | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |     32300 | NS      | $2559452.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group S.p.A.                                                                   | Stevanato Group S.p.A. (Italy)                                     | CUSIP: T9224W109<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |    103200 | NS      | $2076384.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| The Timken Company                                                                       | The Timken Company                                                 | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     33500 | NS      | $2818355.00   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers, Inc.                                                                      | Toll Brothers, Inc.                                                | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     21700 | NS      | $2934274.00   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Quality Foods, LLC                                                                   | Utz Brands, Inc. - Class A                                         | CUSIP: 918090101<br>LEI: 549300K2HU2ISL0R2Q75 | Long             | EC               | CORP              | US        |    163200 | NS      | $1694016.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial, Inc.                                                                    | Virtu Financial, Inc. - Class A                                    | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |    127100 | NS      | $4234972.00   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco, Inc.                                                                             | Watsco, Inc.                                                       | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |     11200 | NS      | $3773840.00   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation                                                           | Wintrust Financial Corporation                                     | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     13000 | NS      | $1817660.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino, Inc.                                                                              | nCino, Inc.                                                        | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |     48300 | NS      | $1238412.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

**Name of Applicant:** Neiman Funds

**Signature:** /s/ Daniel Neiman

**Name of Signer:** Daniel Neiman

**Title:** President