# EDGAR Filing Document

**Accession Number:** 0001196878
**File Stem:** 0001413042-25-000674
**Filing Date:** 2025-8
**Character Count:** 20290
**Document Hash:** 503fa32964a9269b93cfd0f0b16788b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-25-000674.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001413042-25-000674

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**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:** 251243363

**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:** 2025-06-30

**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:** $114458882.11

**Total Liabilities:** $242818.04

**Net Assets:** $114216064.07

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000014507 | -2.39%               | 2.93%                | 8.09%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-910833.28              | $-1857540.30                               |
| Month 2  | $-1398273.17             | $3624034.73                                |
| Month 3  | $-694157.87              | $10309530.22                               |

### 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      | $1554120.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters, Inc.           | American Eagle Outfitters, Inc.                                     | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     62000 | NS      | $596440.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc.             | American Financial Group, Inc.                                      | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      6450 | NS      | $814054.50    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies, Inc.                | Axcelis Technologies Inc.                                           | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     24000 | NS      | $1672560.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co., Inc.                        | Best Buy Co., Inc.                                                  | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     41900 | NS      | $2812747.00   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Company                     | Boise Cascade Company                                               | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     42000 | NS      | $3646440.00   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource, Inc.                | Builders FirstSource, Inc.                                          | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     42700 | NS      | $4982663.00   | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation          | Carpenter Technology Corporation                                    | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     15600 | NS      | $4311528.00   | 3.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corporation                    | Concentrix Corporation                                              | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |     20000 | NS      | $1057100.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group, Inc.                         | EMCOR Group, Inc.                                                   | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     23600 | NS      | $12623404.00  | 11.05%            |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                   | EnerSys                                                             | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |     10000 | NS      | $857700.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corporation                        | Enovis Corporation                                                  | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |     40000 | NS      | $1254400.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris, Inc.                            | Entegris, Inc.                                                      | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     15000 | NS      | $1209750.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Enviri Corporation                        | Enviri Corporation                                                  | CUSIP: 415864107<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | EC               | CORP              | US        |    200000 | NS      | $1736000.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.         | Fidelity National Financial, Inc                                    | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      5900 | NS      | $330754.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd.                               | Garmin Ltd. (Switzerland)                                           | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |     19075 | NS      | $3981334.00   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical, Inc.                      | Globus Medical, Inc. Class A                                        | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     86200 | NS      | $5087524.00   | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                       | Goldman Sachs Financial Square Government Fund Institutional Shares | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   2105527 | NS      | $2105527.40   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand, Inc.                         | Hillenbrand, Inc.                                                   | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     16600 | NS      | $333162.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises, Inc.                 | Insight Enterprises, Inc.                                           | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     10000 | NS      | $1380850.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corporation              | Integer Holdings Corporation                                        | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     12200 | NS      | $1500234.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Lifesciences Holdings Corporation | Integra Lifesciences Holdings Corporation                           | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |    120000 | NS      | $1472400.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil, Inc.                               | Jabil, Inc.                                                         | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     13400 | NS      | $2922540.00   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Kelly Services, Inc.                      | Kelly Services, Inc. - Class A                                      | CUSIP: 488152208<br>LEI: 25490035B2ZPL6RM1974 | Long             | EC               | CORP              | US        |     77625 | NS      | $908988.75    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc.                               | Kforce, Inc.                                                        | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |     68325 | NS      | $2810207.25   | 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      | $2774055.00   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc.                    | Lumentum Holdings, Inc.                                             | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     24600 | NS      | $2338476.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Group Ltd.             | Marvell Technology, Inc.                                            | CUSIP: 573874104<br>LEI: 8DF36O58U3QIHUCGZB18 | Long             | EC               | CORP              | US        |     75700 | NS      | $5859180.00   | 5.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corporation                        | Masimo Corporation                                                  | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |     10200 | NS      | $1715844.00   | 1.50%             |  |  |  | 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      | $1531903.50   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera, Inc.                              | Natera, Inc.                                                        | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68800 | NS      | $11623072.00  | 10.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                      | Onto Innovation, Inc.                                               | CUSIP: 683344105<br>LEI: 549300V1USTYXJ7TNR79 | Long             | EC               | CORP              | US        |     12000 | NS      | $1211160.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthofix Medical Inc.                     | Orthofix Medical Inc.                                               | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80000 | NS      | $892000.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor, Inc.                       | Owens & Minor, Inc.                                                 | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |     80000 | NS      | $728000.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions Inc.                    | Penguin Solutions Inc. (Cayman Islands)                             | CUSIP: G8232Y101<br>LEI: 529900RDGHQY8XKXPN14 | Long             | EC               | CORP              | KY        |     20000 | NS      | $396200.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corporation             | Progress Software Corporation                                       | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     32100 | NS      | $2049264.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo, Inc.                               | Qorvo, Inc.                                                         | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     12800 | NS      | $1086848.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                          | QuidelOrtho Corporation                                             | CUSIP: 74838J101<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     62390 | NS      | $1798079.80   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal-Beloit Corporation                  | Regal Rexnord Corp.                                                 | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     12200 | NS      | $1768512.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity, Inc.                             | Revvity, Inc.                                                       | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |     25000 | NS      | $2418000.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corporation         | Sensient Technologies Corporation                                   | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     27100 | NS      | $2669892.00   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corporation                     | TD SYNNEX Corporation                                               | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     10000 | NS      | $1357000.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Tactile Systems Technology, Inc.          | Tactile Systems Technology, Inc.                                    | CUSIP: 87357P100<br>LEI: 54930069VDTITHOTKJ98 | Long             | EC               | CORP              | US        |    100000 | NS      | $1014000.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne, Inc.                            | Teradyne, Inc.                                                      | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     33650 | NS      | $3025808.00   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| The Ensign Group, Inc.                    | The Ensign Group, Inc.                                              | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     10000 | NS      | $1542600.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc.                    | Veeco Instruments, Inc.                                             | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     40000 | NS      | $812800.00    | 0.71%             |  |  |  | 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      | $3741111.00   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-22

**Name of Applicant:** Paradigm Funds

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

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

**Title:** Chief Financial Officer