# EDGAR Filing Document

**Accession Number:** 0001286087
**File Stem:** 0001145549-23-017300
**Filing Date:** 2023-3
**Character Count:** 47645
**Document Hash:** fc73c8dfeffd30486459651cb0eb33ef
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-017300.hdr.sgml**: 20230322

**ACCESSION NUMBER**: 0001145549-23-017300

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230322

**DATE AS OF CHANGE**: 20230322

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PERRITT FUNDS INC
- **CENTRAL INDEX KEY:** 0001286087
- **IRS NUMBER:** 043788672
- **STATE OF INCORPORATION:** MD

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21556
- **FILM NUMBER:** 23752418

**BUSINESS ADDRESS:**
- **STREET 1:** 300 S. WACKER DRIVE
- **STREET 2:** SUITE 600
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-669-1650

**MAIL ADDRESS:**
- **STREET 1:** 300 S. WACKER DRIVE
- **STREET 2:** SUITE 600
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

## Series and Classes Contracts Data

### Perritt Ultra MicroCap Fund (Series ID: S000000859)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000002474 | Investor Class | PREOX           |

## Nport-Ex

---

| | |
|:---|:---|
| Perritt Funds, Inc. |  |
| Notes to the Schedule of Investments (Unaudited) | July 31, 2022 |
| 1. Security Valuation |  |
| Exchange-listed securities are generally valued at the last sales price reported by the principal security exchange on which the issue is traded, or if no sale |  |
| is reported, the mean between the latest bid and ask price unless the Funds' investment advisor believes that the mean does not represent a fair value, in |  |
| which case the securities are valued as set forth below. Securities listed on NASDAQ are valued at the NASDAQ Official Closing Price. Demand notes, |  |
| commercial paper, U.S. Treasury Bills and warrants are stated at fair value using market prices if available, or a pricing service when such prices are |  |
| believed to reflect fair value. Securities for which market quotations are not readily available are valued at their fair value as determined in good faith by |  |
| the Funds' advisor under procedures established by and under the supervision of the Board of Directors of the Fund. The Funds' fair value procedures allow |  |
| for the use of certain methods performed by the Funds' advisor to value those securities for which market quotations are not readily available, at a price |  |
| that a Fund might reasonably expect to receive upon a sale of such securities. For example, these methods may be based on a multiple of earnings, or a discount |  |
| from market of a similarly freely traded security, or a yield to maturity with respect to debt issues, or a combination of these and other methods. |  |
| The Funds' may invest in warrants or rights (other than those acquired in units or attached to other securities), which entitle the purchaser to buy |  |
| equity securities at a specific price for a specific period of time. Warrants and rights have no voting rights, receive no dividends and have no rights with |  |
| respect to the assets of the issuer. |  |
| General Accepted Accounting Principles ("GAAP") establishes an authoritative definition of fair value and sets out a hierarchy for measuring fair value. |  |
| GAAP also requires additional disclosures about the various inputs used to develop the measurements of fair value. These inputs are summarized in the |  |
| three broad levels listed below: |  |
| • Level 1 - Quoted prices in active markets for identical securities |  |
| • Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |  |
| • Level 3 - Significant unobservable inputs (including the Funds' own assumptions in determining the fair value of investments). |  |
| The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The |  |
| following is a summary of the inputs used to value the Funds' securities as of January 31, 2023: |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Perritt MicroCap Opportunities Fund** | | | | |
| **<u>Description</u>** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Investments in Securities** | | | | |
| **Common Stocks** | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication Services | $2043847 | $- | $- | $2043847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary | 7617384 | - | - | 7617384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples | 698250 | - | - | 698250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy | 3276449 | - | - | 3276449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | 9058259 | - | - | 9058259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care | 3769824 | - | - | 3769824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials | 17377686 | - | - | 17377686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information Technology | 8098005 | - | - | 8098005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | 5004192 | - | - | 5004192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | 313950 | - | - | 313950 |
| **Total Common Stocks** | 57257846 | - | - | 57257846 |
| **Short Term Investments** | 692538 | - | - | 692538 |
| **Total Investments in Securities** | $57950384 | $- | $- | $57950384 |

---

Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

---

| | |
|:---|:---|
| Description | **Warrants** |
| Balance as of November 1, 2022 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Purchases | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Sales proceeds and paydowns | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accreted discounts, net | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Actions | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Realized gain (loss) | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers into/(out of) Level 3 | - |
| **Balance as of January 31, 2023** | **-** |
| Change in unrealized appreciation (depreciation) during the |  |
| period for Level 3 investments held at January 31, 2023. | $**-** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Perritt Ultra MicroCap Fund** |  |  |  |  |
| **<u>Description</u>** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Investments in Securities** |  |  |  |  |
| **Common Stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication Services | $827235 | $- | $- | $827235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary | 1105400 | - | - | 1105400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples | 212015 | - | - | 212015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy | 131256 | - | - | 131256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | 847078 | - | - | 847078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care | 1660258 | - | - | 1660258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials | 2603743 | - | - | 2603743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information Technology | 3897475 | - | - | 3897475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | 569852 | - | - | 569852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate | 313495 | - | - | 313495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | 256140 | - | - | 256140 |
| **Total Common Stocks** | 12423947 | - | - | 12423947 |
| **Warrants** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care | - | - | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | 4485 | - | - | 4485 |
| **Total Warrants** | 4485 | - | 0 | 4485 |
| **Short Term Investments** | 345993 | - | - | 345993 |
| **Total Investments in Securities** | $12774425 | $- | $0 | $12774425 |

---

Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

---

| | |
|:---|:---|
| Description | **Warrants** |
| Balance as of November 1, 2022 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Purchases | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Sales proceeds and paydowns | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Accreted discounts, net | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Actions | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Realized gain (loss) | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers into/(out of) Level 3 | - |
| **Balance as of January 31, 2023** | $**0** |
| Change in unrealized appreciation (depreciation) during the |  |
| period for Level 3 investments held at January 31, 2023. | $**-** |

---

Please refer to the Schedule of Investments for additional information regarding the composition of the amounts listed above.<br>

## Nport-Ex

---

| | | |
|:---|:---|:---|
| Perritt Ultra MicroCap Fund | Perritt Ultra MicroCap Fund | Perritt Ultra MicroCap Fund |
| Schedule of Investments (Unaudited) | Schedule of Investments (Unaudited) | January 31, 2023 |
| **Shares** | **COMMON STOCKS - 97.69%** | **Value** |
|  | **Aerospace & Defense - 1.50%** |  |
| 40000 | VirTra, Inc. (a) | $190400 |
|  |  | 190400 |
|  | **Biotechnology - 2.85%** |  |
| 12000 | Actinium Pharmaceuticals, Inc. (a) | 140640 |
| 30000 | ImmuCell Corp. (a) | 222300 |
|  |  | 362940 |
|  | **Capital Markets - 1.63%** |  |
| 11000 | Silvercrest Asset Management Group, Inc. - Class A | 207900 |
|  |  | 207900 |
|  | **Chemicals - 3.26%** |  |
| 48250 | Flexible Solutions International, Inc. - ADR(a)(c) | 153917 |
| 20000 | Northern Technologies International Corp. | 261000 |
|  |  | 414917 |
|  | **Commercial Services & Supplies - 1.93%** |  |
| 35600 | Quest Resource Holding Corp. (a) | 245640 |
|  |  | 245640 |
|  | **Communications Equipment - 4.01%** |  |
| 75000 | BK Technologies Corp. | 287250 |
| 48075 | PC-Tel, Inc. | 222587 |
|  |  | 509837 |
|  | **Construction & Engineering - 2.93%** |  |
| 14635 | Bowman Consulting Group Ltd. (a) | 373046 |
|  |  | 373046 |
|  | **Distributors - 0.78%** |  |
| 30090 | Educational Development Corp. | 99297 |
|  |  | 99297 |
|  | **Diversified Financial Services - 2.72%** |  |
| 9000 | A-Mark Precious Metals, Inc. | 346500 |
|  |  | 346500 |
|  | **Electrical Equipment - 0.43%** |  |
| 25000 | Expion360, Inc. (a) | 54500 |
|  |  | 54500 |
|  | **Electronic Equipment, Instruments & Components - 7.80%** |  |
| 20000 | Airgain, Inc. (a) | 160000 |
| 44899 | Data I/O Corp. (a) | 189025 |
| 16000 | Identiv, Inc. (a) | 139520 |
| 22500 | Luna Innovations, Inc. (a) | 198900 |
| 10500 | Napco Security Technologies, Inc. (a) | 304185 |
|  |  | 991630 |
|  | **Energy Equipment & Services - 0.35%** |  |
| 9000 | Gulf Island Fabrication, Inc. (a) | 44100 |
|  |  | 44100 |
|  | **Equity Real Estate Investment - 2.47%** |  |
| 40000 | Global Self Storage, Inc. | 204400 |
| 8570 | Modiv, Inc. - Class C | 109095 |
|  |  | 313495 |
|  | **Food & Staples Retailing - 0.55%** |  |
| 15000 | HF Foods Group, Inc. (a) | 69900 |
|  |  | 69900 |
|  | **Food Products - 0.29%** |  |
| 50000 | Better Choice Co, Inc. (a) | 36995 |
|  |  | 36995 |
|  | **Health Care Equipment & Supplies - 4.65%** |  |
| 32500 | Biomerica, Inc. (a) | 97500 |
| 131756 | Dynatronics Corp. (a) | 57973 |
| 73011 | INVO BioScience, Inc. (a) | 49209 |
| 19987 | Sensus Healthcare, Inc. (a) | 182681 |
| 70748 | Strata Skin Sciences, Inc. (a) | 62407 |
| 1250 | UFP Technologies, Inc. (a) | 142163 |
|  |  | 591933 |
|  | **Health Care Providers & Services - 1.60%** |  |
| 35000 | Quipt Home Medical Corp. - ADR (a)(c) | 203000 |
|  |  | 203000 |
|  | **Health Care Technology - 1.39%** |  |
| 49200 | CareCloud, Inc. (a) | 177120 |
|  |  | 177120 |
|  | **Hotels, Restaurants & Leisure - 4.08%** |  |
| 40000 | Bragg Gaming Group, Inc. - ADR(a)(c) | 146000 |
| 20000 | Century Casinos, Inc. (a) | 176400 |
| 66621 | Galaxy Gaming, Inc. (a) | 196199 |
|  |  | 518599 |
|  | **Household Durables - 1.09%** |  |
| 31084 | Singing Machine Co., Inc. (a) | 138013 |
|  |  | 138013 |
|  | **Interactive Media & Services - 1.63%** |  |
| 35000 | DHI Group, Inc. (a) | 207900 |
|  |  | 207900 |
|  | **IT Services - 8.02%** |  |
| 15000 | BM Technologies, Inc. (a) | 67800 |
| 15000 | Cantaloupe, Inc. (a) | 76350 |
| 44752 | Data Storage Corp. (a) | 77869 |
| 40001 | DecisionPoint Systems, Inc. (a) | 364409 |
| 25000 | Information Services Group, Inc. | 131000 |
| 75000 | Research Solutions, Inc. (a) | 166500 |
| 70000 | Usio, Inc. (a) | 136500 |
|  |  | 1020428 |
|  | **Leisure Products - 0.86%** |  |
| 26802 | Vision Marine Technologies, Inc. - ADR (a)(c) | 108816 |
|  |  | 108816 |
|  | **Machinery - 5.78%** |  |
| 17500 | Commercial Vehicle Group, Inc. (a) | 146650 |
| 15000 | Gencor Industries, Inc. (a) | 159600 |
| 19820 | P&F Industries, Inc. - Class A | 110199 |
| 10315 | Taylor Devices, Inc. (a) | 167928 |
| 60000 | TechPrecision Corp. (a) | 150600 |
|  |  | 734977 |
|  | **Media - 4.87%** |  |
| 44254 | Direct Digital Holdings, Inc. - Class A (a) | 254461 |
| 7500 | Perion Network Ltd. - ADR (a)(c) | 251250 |
| 4500 | Saga Communications, Inc. - Class A | 113625 |
|  |  | 619336 |
|  | **Metals & Mining - 1.22%** |  |
| 47236 | Ampco-Pittsburgh Corp. (a) | 154934 |
|  |  | 154934 |
|  | **Mortgage Real Estate Investment Trusts - 2.30%** |  |
| 10950 | Chicago Atlantic Real Estate Finance, Inc. | 169178 |
| 32500 | Sachem Capital Corp. | 123500 |
|  |  | 292678 |
|  | **Oil, Gas & Consumable Fuels - 0.69%** |  |
| 24143 | PHX Minerals, Inc. | 87156 |
|  |  | 87156 |
|  | **Personal Products - 0.83%** |  |
| 12000 | Natural Alternatives International, Inc. (a) | 105120 |
|  |  | 105120 |
|  | **Pharmaceuticals - 2.56%** |  |
| 18000 | Alimera Sciences, Inc. (a) | 49500 |
| 79550 | Medicine Man Technologies, Inc. (a) | 112166 |
| 20000 | ProPhase Labs, Inc. | 163600 |
|  |  | 325266 |
|  | **Professional Services - 6.59%** |  |
| 10000 | BGSF, Inc. | 144800 |
| 34000 | DLH Holdings Corp. (a) | 418540 |
| 11014 | Hudson Global, Inc. (a) | 274799 |
|  |  | 838139 |
|  | **Semiconductors & Semiconductor Equipment - 3.09%** |  |
| 22500 | AXT, Inc. (a) | 132525 |
| 20000 | inTEST Corp. (a) | 260000 |
|  |  | 392525 |
|  | **Software - 5.03%** |  |
| 20000 | Asure Software, Inc. (a) | 212600 |
| 15000 | Intrusion, Inc. (a) | 53100 |
| 10133 | Issuer Direct Corp. (a) | 280785 |
| 30500 | NetSol Technologies, Inc. (a) | 92720 |
|  |  | 639205 |
|  | **Technology Hardware, Storage & Peripherals - 2.70%** |  |
| 55000 | One Stop Systems, Inc. (a) | 193050 |
| 20000 | TransAct Technologies, Inc. (a) | 150800 |
|  |  | 343850 |
|  | **Textile, Apparel & Luxury Goods - 1.89%** |  |
| 22500 | Crown Crafts, Inc. | 132075 |
| 7500 | Lakeland Industries, Inc. (a) | 108600 |
|  |  | 240675 |
|  | **Trading Companies & Distributors - 1.31%** |  |
| 2000 | Transcat, Inc. (a) | 167040 |
|  |  | 167040 |
|  | **Water Utilities - 2.01%** |  |
| 18000 | Global Water Resources, Inc. | 256140 |
|  |  | 256140 |
|  | **TOTAL COMMON STOCKS ($9078535)** | $12423947 |
| **Contracts** | **WARRANTS - 0.03%** |  |
|  | **Health Care Equipment & Supplies - 0.00%** |  |
| 250000 | Titan Medical, Inc. |  |
|  | Expiration: 08/10/2023, Exercise Price $3.20 (a)(b)(e)(f) | 0 |
|  | **Metals & Mining - 0.04%** |  |
| 15000 | Ampco-Pittsburgh Corp. |  |
|  | Expiration: 08/01/2025, Exercise Price $5.75 (a)(b) | $4485 |
|  | **TOTAL WARRANTS (Cost $85,000)** | $4485 |
| **Shares** | **SHORT-TERM INVESTMENTS - 2.72%** |  |
|  | **Money Market Funds - 2.72%** |  |
| 345993 | U.S. Bank Money Market Deposit Account, 3.90% (d) | $345993 |
|  | **TOTAL SHORT TERM INVESTMENTS (Cost $345,993)** | $345993 |
|  | **Total Investments (Cost$9,509,528) - 100.45%** | $**12774425** |
|  | **Liabilities in Excess of Other Assets** - (0.45)% | (57843) |
|  | **TOTAL NET ASSETS - 100.00%** | $**12716582** |

---

---

| |
|:---|
| *Percentages are stated as a percent of net assets.* |
| *ADR - American Depositary Receipt* |

---

(a) *Non-income producing security.* 

(b) *These securities are deemed to be illiquid. These securities represent $4,485 of value or 0.04% of net assets.* 

(c) *Foreign issued security.* 

(d) *The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on conditions and may change daily and by any amount. The rate shown is as of January 31, 2023.* 

(e) *Security was purchased in a transaction exempt from registration in the U.S. under the Securities Act of 1933 (the "Act") and, unless registered under the Act, may only be sold pursuant to exemption from registration and, in the case of a Rule 144A offering under the Act, may only be sold to "qualified institutional buyers." The value of this security is $0 or 0.00% of the Fund's net assets.* 

(f) *The prices for this security was derived from estimates of fair value using methods approved by the Fund's Board of Directors. This security represents $0 of value or 0.00% of net assets.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Perritt Funds Inc

- **b. Investment Company Act file number:** 811-21556

- **c. CIK number of Registrant:** 0001286087

- **d. LEI of Registrant:** 549300OLJ7DQJB66FB73

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

  - **Street Address 1:** 300 South Wacker Drive

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-669-1650

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

- **a. Name of Series:** Perritt Ultra MicroCap Fund

- **b. EDGAR series identifier (if any):** S000000859

- **c. LEI of Series:** 5493005VZLEGZBVZ6K39

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $12777793.53

**Total Liabilities:** $61226.46

**Net Assets:** $12716567.07

**Cash Not Reported:** $698.98

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002474 | 0.91%                | -3.96%               | 11.20%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $632006.90               | $-510185.19                                |
| Month 2  | $77609.25                | $-552275.47                                |
| Month 3  | $199750.86               | $1110265.65                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AXT Inc                                | AXT Inc                                  | CUSIP: 00246W103<br>LEI: 549300M2142IVLVIJN37 | Long             | EC               | CORP              | US        |     22500 | NS      | $132525.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Actinium Pharmaceuticals Inc           | Actinium Pharmaceuticals Inc             | CUSIP: 00507W206<br>LEI: 549300LCY1NZSXCQDT45 | Long             | EC               | CORP              | US        |     12000 | NS      | $140640.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Airgain Inc                            | Airgain Inc                              | CUSIP: 00938A104<br>LEI: 549300LL8ZO53X8A5U98 | Long             | EC               | CORP              | US        |     20000 | NS      | $160000.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Alimera Sciences Inc                   | Alimera Sciences Inc                     | CUSIP: 016259202<br>LEI: 5299005C650OO6FJ1R63 | Long             | EC               | CORP              | US        |     18000 | NS      | $49500.00     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ampco-Pittsburgh Corp                  | Ampco-Pittsburgh Corp                    | CUSIP: 032037103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47236 | NS      | $154934.08    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Asure Software Inc                     | Asure Software Inc                       | CUSIP: 04649U102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $212600.00    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BK Technologies Corp                   | BK Technologies Corp                     | CUSIP: 05587G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75000 | NS      | $287250.00    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BM Technologies Inc                    | BM Technologies Inc                      | CUSIP: 05591L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $67800.00     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Biomerica Inc                          | Biomerica Inc                            | CUSIP: 09061H307<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32500 | NS      | $97500.00     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowman Consulting Group Ltd            | Bowman Consulting Group Ltd              | CUSIP: 103002101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14635 | NS      | $373046.15    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Bragg Gaming Group Inc                 | Bragg Gaming Group Inc                   | CUSIP: 104833306<br>LEI: 9845000EB9E6A9887Q16 | Long             | EC               | CORP              | CA        |     40000 | NS      | $146000.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cantaloupe Inc                         | Cantaloupe Inc                           | CUSIP: 138103106<br>LEI: 529900O54DBQQVWO9Q85 | Long             | EC               | CORP              | US        |     15000 | NS      | $76350.00     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CareCloud Inc                          | CareCloud Inc                            | CUSIP: 14167R100<br>LEI: 549300GEO5Y45G5I3070 | Long             | EC               | CORP              | US        |     49200 | NS      | $177120.00    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Flexible Solutions Internation         | Flexible Solutions International Inc     | CUSIP: 33938T104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     48250 | NS      | $153917.50    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Global Inc                      | Hudson Global Inc                        | CUSIP: 443787205<br>LEI: 54930073WVI9H7ILKL69 | Long             | EC               | CORP              | US        |     11014 | NS      | $274799.30    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Singing Machine Co Inc/The             | Singing Machine Co Inc/The               | CUSIP: 829322403<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31084 | NS      | $138012.96    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc                   | UFP Technologies Inc                     | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |      1250 | NS      | $142162.50    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPCO-PITTSBURGH CORP                  | Ampco-Pittsburgh Corp                    | CUSIP: 032037111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     15000 | NS      | $4485.00      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BGSF Inc                               | BGSF Inc                                 | CUSIP: 05601C105<br>LEI: 549300AUC6I9ZG3KKQ91 | Long             | EC               | CORP              | US        |     10000 | NS      | $144800.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Better Choice Co Inc                   | Better Choice Co Inc                     | CUSIP: 08771Y303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50000 | NS      | $36995.00     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Atlantic Real Estate F         | Chicago Atlantic Real Estate Finance Inc | CUSIP: 167239102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10950 | NS      | $169177.50    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Vehicle Group Inc           | Commercial Vehicle Group Inc             | CUSIP: 202608105<br>LEI: 5493006OG8I91X0K7Q22 | Long             | EC               | CORP              | US        |     17500 | NS      | $146650.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Crafts Inc                       | Crown Crafts Inc                         | CUSIP: 228309100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22500 | NS      | $132075.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DHI Group Inc                          | DHI Group Inc                            | CUSIP: 23331S100<br>LEI: 529900489RAC0CU0AO81 | Long             | EC               | CORP              | US        |     35000 | NS      | $207900.00    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| DLH Holdings Corp                      | DLH Holdings Corp                        | CUSIP: 23335Q100<br>LEI: 549300KRYPLQFKWVTE62 | Long             | EC               | CORP              | US        |     34000 | NS      | $418540.00    | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Data I/O Corp                          | Data I/O Corp                            | CUSIP: 237690102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44899 | NS      | $189024.79    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| DecisionPoint Systems Inc              | DecisionPoint Systems Inc                | CUSIP: 24345A507<br>LEI: 549300XZNVHD0RE4XN43 | Long             | EC               | CORP              | US        |     40001 | NS      | $364409.11    | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Direct Digital Holdings Inc            | Direct Digital Holdings Inc              | CUSIP: 25461T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44254 | NS      | $254460.50    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatronics Corp                       | Dynatronics Corp                         | CUSIP: 268157401<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    131756 | NS      | $57972.64     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Educational Development Corp           | Educational Development Corp             | CUSIP: 281479105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30090 | NS      | $99297.00     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Expion360 Inc                          | Expion360 Inc                            | CUSIP: 30218B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $54500.00     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Gaming Inc                      | Galaxy Gaming Inc                        | CUSIP: 36318P105<br>LEI: 549300C2URR4B1VXPH39 | Long             | EC               | CORP              | US        |     66621 | NS      | $196198.85    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Gencor Industries Inc                  | Gencor Industries Inc                    | CUSIP: 368678108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $159600.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Water Resources Inc             | Global Water Resources Inc               | CUSIP: 379463102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18000 | NS      | $256140.00    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Self Storage Inc                | Global Self Storage Inc                  | CUSIP: 37955N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $204400.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulf Island Fabrication Inc            | Gulf Island Fabrication Inc              | CUSIP: 402307102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9000 | NS      | $44100.00     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Foods Group Inc                     | HF Foods Group Inc                       | CUSIP: 40417F109<br>LEI: 54930040ARMFXM6CL697 | Long             | EC               | CORP              | US        |     15000 | NS      | $69900.00     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ImmuCell Corp                          | ImmuCell Corp                            | CUSIP: 452525306<br>LEI: 5493003G4YVJPVDW6U67 | Long             | EC               | CORP              | US        |     30000 | NS      | $222300.00    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Information Services Group Inc         | Information Services Group Inc           | CUSIP: 45675Y104<br>LEI: 549300ZUNI6DQ0G8Q273 | Long             | EC               | CORP              | US        |     25000 | NS      | $131000.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| inTEST Corp                            | inTEST Corp                              | CUSIP: 461147100<br>LEI: 549300RJJBPHDOAVDU15 | Long             | EC               | CORP              | US        |     20000 | NS      | $260000.00    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Intrusion Inc                          | Intrusion Inc                            | CUSIP: 46121E205<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $53100.00     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Issuer Direct Corp                     | Issuer Direct Corp                       | CUSIP: 46520M204<br>LEI: 894500M5FGGV3CFQ8F15 | Long             | EC               | CORP              | US        |     10133 | NS      | $280785.43    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Industries Inc                | Lakeland Industries Inc                  | CUSIP: 511795106<br>LEI: 549300HGP70IM9WKU164 | Long             | EC               | CORP              | US        |      7500 | NS      | $108600.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Luna Innovations Inc                   | Luna Innovations Inc                     | CUSIP: 550351100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22500 | NS      | $198900.00    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Medicine Man Technologies Inc          | Medicine Man Technologies Inc            | CUSIP: 58468U106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     79550 | NS      | $112165.50    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Modiv Inc                              | Modiv Inc                                | CUSIP: 60784B101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8570 | NS      | $109095.24    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Napco Security Technologies In         | Napco Security Technologies Inc          | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |     10500 | NS      | $304185.00    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Alternatives Internati         | Natural Alternatives International Inc   | CUSIP: 638842302<br>LEI: 549300QOT5V1NZ8WZY48 | Long             | EC               | CORP              | US        |     12000 | NS      | $105120.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| NetSol Technologies Inc                | NetSol Technologies Inc                  | CUSIP: 64115A402<br>LEI: 529900EXOTPTUR7O6B54 | Long             | EC               | CORP              | US        |     30500 | NS      | $92720.00     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Technologies Internat         | Northern Technologies International Corp | CUSIP: 665809109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $261000.00    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| One Stop Systems Inc                   | One Stop Systems Inc                     | CUSIP: 68247W109<br>LEI: 549300JIBHBZNCC8X044 | Long             | EC               | CORP              | US        |     55000 | NS      | $193050.00    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| P&F Industries Inc                     | P&F Industries Inc                       | CUSIP: 692830508<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19820 | NS      | $110199.20    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| PHX Minerals Inc                       | PHX Minerals Inc                         | CUSIP: 69291A100<br>LEI: 5493007OI1JOF1QSPE51 | Long             | EC               | CORP              | US        |     24143 | NS      | $87156.23     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PCTEL Inc                              | PCTEL Inc                                | CUSIP: 69325Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48075 | NS      | $222587.25    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ProPhase Labs Inc                      | ProPhase Labs Inc                        | CUSIP: 74345W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $163600.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Resource Holding Corp            | Quest Resource Holding Corp              | CUSIP: 74836W203<br>LEI: 54930088J62L2GTB0F58 | Long             | EC               | CORP              | US        |     35600 | NS      | $245640.00    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Quipt Home Medical Corp                | Quipt Home Medical Corp                  | CUSIP: 74880P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35000 | NS      | $203000.00    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Research Solutions Inc/CA              | Research Solutions Inc/CA                | CUSIP: 761025105<br>LEI: 549300TYWPCKGK141Q94 | Long             | EC               | CORP              | US        |     75000 | NS      | $166500.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvercrest Asset Management G         | Silvercrest Asset Management Group Inc   | CUSIP: 828359109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11000 | NS      | $207900.00    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Strata Skin Sciences Inc               | Strata Skin Sciences Inc                 | CUSIP: 86272A206<br>LEI: 529900JXBTG5OB59PM04 | Long             | EC               | CORP              | US        |     70748 | NS      | $62406.81     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Devices Inc                     | Taylor Devices Inc                       | CUSIP: 877163105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10315 | NS      | $167928.20    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TechPrecision Corp                     | TechPrecision Corp                       | CUSIP: 878739101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60000 | NS      | $150600.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TransAct Technologies Inc              | TransAct Technologies Inc                | CUSIP: 892918103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $150800.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bank Money Market Deposit Account | U.S. Bank Money Market Deposit Account   | CUSIP: 8AMMF0A92<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    344847 | NS      | $344847.36    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Usio Inc                               | Usio Inc                                 | CUSIP: 917313108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70000 | NS      | $136500.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VirTra Inc                             | VirTra Inc                               | CUSIP: 92827K301<br>LEI: 549300BGHL1PW2M7IZ13 | Long             | EC               | CORP              | US        |     40000 | NS      | $190400.00    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TITAN MEDICAL INC WARRANT              | TITAN MEDICAL INC WARRANT                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    250000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vision Marine Technologies Inc         | Vision Marine Technologies Inc           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |     26802 | NS      | $108816.12    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Perion Network Ltd                     | Perion Network Ltd                       | CUSIP: M78673114<br>LEI: 529900SL7HYNVD6HG708 | Long             | EC               | CORP              | IL        |      7500 | NS      | $251250.00    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| A-Mark Precious Metals Inc             | A-Mark Precious Metals Inc               | CUSIP: 00181T107<br>LEI: XP6XYFDZQGKLUMOFGT37 | Long             | EC               | CORP              | US        |      9000 | NS      | $346500.00    | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Casinos Inc                    | Century Casinos Inc                      | CUSIP: 156492100<br>LEI: 549300H2L4Y24HXY7M50 | Long             | EC               | CORP              | US        |     20000 | NS      | $176400.00    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Data Storage Corp                      | Data Storage Corp                        | CUSIP: 23786R201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44752 | NS      | $77868.48     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| INVO BioScience Inc                    | INVO BioScience Inc                      | CUSIP: 44984F302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73011 | NS      | $49209.41     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Identiv Inc                            | Identiv Inc                              | CUSIP: 45170X205<br>LEI: 5299008KH3C585Z0DS77 | Long             | EC               | CORP              | US        |     16000 | NS      | $139520.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sachem Capital Corp                    | Sachem Capital Corp                      | CUSIP: 78590A109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32500 | NS      | $123500.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Saga Communications Inc                | Saga Communications Inc                  | CUSIP: 786598300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4500 | NS      | $113625.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensus Healthcare Inc                  | Sensus Healthcare Inc                    | CUSIP: 81728J109<br>LEI: 549300F3JF8NCDJJZW04 | Long             | EC               | CORP              | US        |     19987 | NS      | $182681.18    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcat Inc                           | Transcat Inc                             | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               | CORP              | US        |      2000 | NS      | $167040.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-22

**Name of Applicant:** Perritt Funds Inc

**Signature:** /s/ Lynn Burmeister

**Name of Signer:** Lynn Burmeister

**Title:** Chief Compliance Officer