# EDGAR Filing Document

**Accession Number:** 0001313559
**File Stem:** 0001193125-26-020430
**Filing Date:** 2026-1
**Character Count:** 25192
**Document Hash:** 14025c3ba91f581e9d15d88bbe72decb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-020430.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0001193125-26-020430

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**EFFECTIVENESS DATE**: 20260123

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Yorktown Management & Research Co Inc
- **CENTRAL INDEX KEY:** 0001313559

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12529
- **FILM NUMBER:** 26553605

**BUSINESS ADDRESS:**
- **STREET 1:** 106 ANNJO COURT SUITE A
- **CITY:** FOREST
- **STATE:** VA
- **ZIP:** 24551
- **BUSINESS PHONE:** 800-544-6060

**MAIL ADDRESS:**
- **STREET 1:** 106 ANNJO COURT SUITE A
- **CITY:** FOREST
- **STATE:** VA
- **ZIP:** 24551

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Yorktown Management  Research Co Inc<br>**Address:** 106 Annjo Court Suite A<br>Forest, VA 24551

**Form 13F File Number:** 028-12529

**CRD Number (if applicable):** 000105083

**SEC File Number (if applicable):** 028-12529

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** David D. Basten<br>**Title:** President<br>**Phone:** (434) 846-1361

**Signature, Place, and Date of Signing:**

David D. Basten  Forest, VA  01-23-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 219

**Form 13F Information Table Value Total:** $125091949

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACM Research Inc. | COM CL A | 00108J109 |  | 524685 | 13300 | SH |  | SOLE |  | 13300 | 0 | 0 |
| API Group Corporation | COM STK | 00187Y100 |  | 579639 | 15150 | SH |  | SOLE |  | 15150 | 0 | 0 |
| AZZ Inc. | COM | 002474104 |  | 401925 | 3750 | SH |  | SOLE |  | 3750 | 0 | 0 |
| ACADIA Pharmaceuticals Inc. | COM | 004225108 |  | 321856 | 12050 | SH |  | SOLE |  | 12050 | 0 | 0 |
| AeroVironment Inc. | COM | 008073108 |  | 482329 | 1994 | SH |  | SOLE |  | 1994 | 0 | 0 |
| Alignment Healthcare Inc. | COM | 01625V104 |  | 242925 | 12300 | SH |  | SOLE |  | 12300 | 0 | 0 |
| Allegro MicroSystems Inc. | COM | 01749D105 |  | 298094 | 11300 | SH |  | SOLE |  | 11300 | 0 | 0 |
| Applied Digital Corporation | COM NEW | 038169207 |  | 744182 | 30350 | SH |  | SOLE |  | 30350 | 0 | 0 |
| Argan Inc. | COM | 04010E109 |  | 209924 | 670 | SH |  | SOLE |  | 670 | 0 | 0 |
| Argenx S.E. | SPONSORED ADR | 04016X101 |  | 357404 | 425 | SH |  | SOLE |  | 425 | 0 | 0 |
| Arista Networks Inc. | COM SHS | 040413205 |  | 1284094 | 9800 | SH |  | SOLE |  | 9800 | 0 | 0 |
| Asana Inc. | CL A | 04342Y104 |  | 271458 | 19800 | SH |  | SOLE |  | 19800 | 0 | 0 |
| Axon Enterprise Inc. | COM | 05464C101 |  | 1505015 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| Axsome Therapeutics Inc. | COM | 05464T104 |  | 310488 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| BWX Technologies Inc. | COM | 05605H100 |  | 812348 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| Badger Meter Inc. | COM | 056525108 |  | 287777 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| Balchem Corporation | COM | 057665200 |  | 222372 | 1450 | SH |  | SOLE |  | 1450 | 0 | 0 |
| Bancorp Inc. (The) | COM | 05969A105 |  | 290336 | 4300 | SH |  | SOLE |  | 4300 | 0 | 0 |
| BILL Holdings Inc. | COM | 090043100 |  | 302697 | 5550 | SH |  | SOLE |  | 5550 | 0 | 0 |
| BlackLine Inc. | COM | 09239B109 |  | 304095 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| Boot Barn Holdings Inc. | COM | 099406100 |  | 449998 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |
| Boyd Gaming Corporation | COM | 103304101 |  | 230148 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| Brookfield Asset Management Ltd. | CL A LMT VTG SHS | 113004105 |  | 295322 | 5637 | SH |  | SOLE |  | 5637 | 0 | 0 |
| CBRE Group Inc. | CL A | 12504L109 |  | 434133 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| CECO Environmental Corporation | COM | 125141101 |  | 580545 | 9700 | SH |  | SOLE |  | 9700 | 0 | 0 |
| CSW Industrials Inc. | COM | 126402106 |  | 381589 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| Cactus Inc. | CL A | 127203107 |  | 317476 | 6950 | SH |  | SOLE |  | 6950 | 0 | 0 |
| Calix Inc. | COM | 13100M509 |  | 476370 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| Casey's General Stores Inc. | COM | 147528103 |  | 663252 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| Cavco Industries Inc. | COM | 149568107 |  | 472592 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| Celestica Inc. | COM | 15101Q207 |  | 724245 | 2450 | SH |  | SOLE |  | 2450 | 0 | 0 |
| Chart Industries Inc. | COM | 16115Q308 |  | 319657 | 1550 | SH |  | SOLE |  | 1550 | 0 | 0 |
| Chefs' Warehouse Inc. (The) | COM | 163086101 |  | 439427 | 7050 | SH |  | SOLE |  | 7050 | 0 | 0 |
| Chime Financial Inc. | COM SHS CL A | 16935C109 |  | 357414 | 14200 | SH |  | SOLE |  | 14200 | 0 | 0 |
| Churchill Downs Inc. | COM | 171484108 |  | 324273 | 2850 | SH |  | SOLE |  | 2850 | 0 | 0 |
| Ciena Corporation | COM NEW | 171779309 |  | 385886 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| Clean Harbors Inc. | COM | 184496107 |  | 339996 | 1450 | SH |  | SOLE |  | 1450 | 0 | 0 |
| Clearwater Analytics Holdings Inc. | CL A | 185123106 |  | 402804 | 16700 | SH |  | SOLE |  | 16700 | 0 | 0 |
| Comfort Systems USA Inc. | COM | 199908104 |  | 3266515 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| Construction Partners Inc. | COM CL A | 21044C107 |  | 521040 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| Copart Inc. | COM | 217204106 |  | 368010 | 9400 | SH |  | SOLE |  | 9400 | 0 | 0 |
| Core  Main Inc. | CL A | 21874C102 |  | 691201 | 13300 | SH |  | SOLE |  | 13300 | 0 | 0 |
| Curtiss-Wright Corporation | COM | 231561101 |  | 771778 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| Customers Bancorp Inc. | COM | 23204G100 |  | 354632 | 4850 | SH |  | SOLE |  | 4850 | 0 | 0 |
| Datadog Inc. | CL A COM | 23804L103 |  | 543960 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| Dave Inc. | CLASS A COM NEW | 23834J201 |  | 487102 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| Digi International Inc. | COM | 253798102 |  | 593073 | 13700 | SH |  | SOLE |  | 13700 | 0 | 0 |
| Dorman Products Inc. | COM | 258278100 |  | 455803 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| DraftKings Inc. | COM CL A | 26142V105 |  | 343222 | 9960 | SH |  | SOLE |  | 9960 | 0 | 0 |
| Doximity Inc. | CL A | 26622P107 |  | 318816 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| Dutch Bros Inc. | CL A | 26701L100 |  | 630566 | 10300 | SH |  | SOLE |  | 10300 | 0 | 0 |
| Dycom Industries Inc. | COM | 267475101 |  | 498740 | 1476 | SH |  | SOLE |  | 1476 | 0 | 0 |
| elf Beauty Inc. | COM | 26856L103 |  | 201506 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| Eagle Materials Inc. | COM | 26969P108 |  | 341022 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| Embraer S.A. | SPONSORED ADS | 29082A107 |  | 270354 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| Enova International Inc. | COM | 29357K103 |  | 353700 | 2250 | SH |  | SOLE |  | 2250 | 0 | 0 |
| Ensign Group Inc. (The) | COM | 29358P101 |  | 609700 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| ESCO Technologies Inc. | COM | 296315104 |  | 219814 | 1125 | SH |  | SOLE |  | 1125 | 0 | 0 |
| ExlService Holdings Inc. | COM | 302081104 |  | 768164 | 18100 | SH |  | SOLE |  | 18100 | 0 | 0 |
| FNB Corp | COM | 302520101 |  | 172710 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| FirstCash Holdings Inc. | COM | 33768G107 |  | 788931 | 4950 | SH |  | SOLE |  | 4950 | 0 | 0 |
| Figure Technology Solutions Inc. | COM CL A | 349381103 |  | 706532 | 17300 | SH |  | SOLE |  | 17300 | 0 | 0 |
| Fortinet Inc. | COM | 34959E109 |  | 393080 | 4950 | SH |  | SOLE |  | 4950 | 0 | 0 |
| Franklin Electric Company Inc. | COM | 353514102 |  | 573180 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| Freedom Holding Corp | COM | 356390104 |  | 450216 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| Futu Holdings Ltd. | SPON ADS CL A | 36118L106 |  | 574735 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| Globus Medical Inc. | CL A | 379577208 |  | 558784 | 6400 | SH |  | SOLE |  | 6400 | 0 | 0 |
| Gold Fields Ltd. | SPONSORED ADR | 38059T106 |  | 993265 | 22750 | SH |  | SOLE |  | 22750 | 0 | 0 |
| Goosehead Insurance Inc. | COM CL A | 38267D109 |  | 371933 | 5050 | SH |  | SOLE |  | 5050 | 0 | 0 |
| Group 1 Automotive Inc. | COM | 398905109 |  | 271377 | 690 | SH |  | SOLE |  | 690 | 0 | 0 |
| Grupo Aeroportuario del Sureste S.A.B. de C.V. | SPON ADR SER B | 40051E202 |  | 449526 | 1390 | SH |  | SOLE |  | 1390 | 0 | 0 |
| Guardant Health Inc. | COM | 40131M109 |  | 566877 | 5550 | SH |  | SOLE |  | 5550 | 0 | 0 |
| Guidewire Software Inc. | COM | 40171V100 |  | 281414 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| HCI Group Inc. | COM | 40416E103 |  | 345042 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| Hagerty Inc. | CL A COM | 405166109 |  | 270144 | 20100 | SH |  | SOLE |  | 20100 | 0 | 0 |
| Hamilton Lane Inc. | CL A | 407497106 |  | 443223 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| HA Sustainable Infrastructure Capital Inc. | COM | 41068X100 |  | 740177 | 23550 | SH |  | SOLE |  | 23550 | 0 | 0 |
| Hawkins Inc. | COM | 420261109 |  | 731609 | 5150 | SH |  | SOLE |  | 5150 | 0 | 0 |
| HealthEquity Inc. | COM | 42226A107 |  | 377891 | 4125 | SH |  | SOLE |  | 4125 | 0 | 0 |
| HEICO Corporation | COM | 422806109 |  | 414195 | 1280 | SH |  | SOLE |  | 1280 | 0 | 0 |
| Herc Holdings Inc. | COM | 42704L104 |  | 593520 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| Hims  Hers Health Inc. | COM CL A | 433000106 |  | 251643 | 7750 | SH |  | SOLE |  | 7750 | 0 | 0 |
| Houlihan Lokey Inc. | CL A | 441593100 |  | 670632 | 3850 | SH |  | SOLE |  | 3850 | 0 | 0 |
| IES Holdings Inc. | COM | 44951W106 |  | 2466386 | 6340 | SH |  | SOLE |  | 6340 | 0 | 0 |
| ITT Inc. | COM | 45073V108 |  | 572583 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| Ingersoll Rand Inc. | COM | 45687V106 |  | 768434 | 9700 | SH |  | SOLE |  | 9700 | 0 | 0 |
| Insmed Inc. | COM PAR $.01 | 457669307 |  | 1670784 | 9600 | SH |  | SOLE |  | 9600 | 0 | 0 |
| Installed Building Products Inc. | COM | 45780R101 |  | 752231 | 2900 | SH |  | SOLE |  | 2900 | 0 | 0 |
| Intapp Inc. | COM | 45827U109 |  | 302412 | 6600 | SH |  | SOLE |  | 6600 | 0 | 0 |
| Interactive Brokers Group Inc. | COM CL A | 45841N107 |  | 797444 | 12400 | SH |  | SOLE |  | 12400 | 0 | 0 |
| Interface Inc. | COM | 458665304 |  | 201722 | 7225 | SH |  | SOLE |  | 7225 | 0 | 0 |
| InterDigital Inc. | COM | 45867G101 |  | 461651 | 1450 | SH |  | SOLE |  | 1450 | 0 | 0 |
| iRadimed Corporation | COM | 46266A109 |  | 218880 | 2250 | SH |  | SOLE |  | 2250 | 0 | 0 |
| iShares iBoxx $ Investment Grade Corporate Bond | IBOXX INV CP ETF | 464287242 |  | 881520 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| iShares iBoxx $ High Yield Corporate Bond ETF | IBOXX HI YD ETF | 464288513 |  | 645040 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| iShares Preferred and Income Securities ETF | PFD AND INCM SEC | 464288687 |  | 1238400 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| iShares Convertible Bond ETF | CONV BD ETF | 46435G102 |  | 2659500 | 27000 | SH |  | SOLE |  | 27000 | 0 | 0 |
| Itron Inc. | COM | 465741106 |  | 278580 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| Janus International Group Inc. | COMMON STOCK | 47103N106 |  | 186390 | 28500 | SH |  | SOLE |  | 28500 | 0 | 0 |
| KLA Corporation | COM NEW | 482480100 |  | 1081421 | 890 | SH |  | SOLE |  | 890 | 0 | 0 |
| KKR  Company Inc. | COM | 48251W104 |  | 917856 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| Kadant Inc. | COM | 48282T104 |  | 406154 | 1425 | SH |  | SOLE |  | 1425 | 0 | 0 |
| Karman Holdings Inc. | COMMON STOCK | 485924104 |  | 245120 | 3350 | SH |  | SOLE |  | 3350 | 0 | 0 |
| Kinsale Capital Group Inc. | COM | 49714P108 |  | 766595 | 1960 | SH |  | SOLE |  | 1960 | 0 | 0 |
| Klaviyo Inc. | COM SER A | 49845K101 |  | 384770 | 11850 | SH |  | SOLE |  | 11850 | 0 | 0 |
| Kodiak Gas Services Inc. | COM | 50012A108 |  | 280500 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| Korn Ferry | COM NEW | 500643200 |  | 376314 | 5700 | SH |  | SOLE |  | 5700 | 0 | 0 |
| Kratos Defense  Security Solutions Inc. | COM NEW | 50077B207 |  | 470642 | 6200 | SH |  | SOLE |  | 6200 | 0 | 0 |
| Krystal Biotech Inc. | COM | 501147102 |  | 493080 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| LPL Financial Holdings Inc. | COM | 50212V100 |  | 1889429 | 5290 | SH |  | SOLE |  | 5290 | 0 | 0 |
| Leonardo DRS Inc. | COM | 52661A108 |  | 269311 | 7900 | SH |  | SOLE |  | 7900 | 0 | 0 |
| Life360 Inc. | COM | 532206109 |  | 577260 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| Lithia Motors Inc. | COM | 536797103 |  | 697893 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| Loar Holdings Inc. | COM SHS | 53947R105 |  | 544000 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| Lyft Inc. | CL A COM | 55087P104 |  | 643084 | 33200 | SH |  | SOLE |  | 33200 | 0 | 0 |
| MasTec Inc. | COM | 576323109 |  | 478214 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| Medpace Holdings Inc. | COM | 58506Q109 |  | 1010970 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| Modine Manufacturing Company | COM | 607828100 |  | 554067 | 4150 | SH |  | SOLE |  | 4150 | 0 | 0 |
| Monolithic Power Systems Inc. | COM | 609839105 |  | 589134 | 650 | SH |  | SOLE |  | 650 | 0 | 0 |
| Mueller Industries Inc. | COM | 624756102 |  | 1658860 | 14450 | SH |  | SOLE |  | 14450 | 0 | 0 |
| NCR Atleos Corporation | COM SHS | 63001N106 |  | 396344 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| Napco Security Technologies Inc. | COM | 630402105 |  | 412830 | 9900 | SH |  | SOLE |  | 9900 | 0 | 0 |
| NerdWallet Inc. | COM CL A | 64082B102 |  | 204605 | 15100 | SH |  | SOLE |  | 15100 | 0 | 0 |
| Netskope Inc. | CL A | 64119N608 |  | 439377 | 25050 | SH |  | SOLE |  | 25050 | 0 | 0 |
| Neurocrine Biosciences Inc. | COM | 64125C109 |  | 319118 | 2250 | SH |  | SOLE |  | 2250 | 0 | 0 |
| Okta Inc. | CL A | 679295105 |  | 354527 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| Old National Bancorp | COM | 680033107 |  | 315687 | 14150 | SH |  | SOLE |  | 14150 | 0 | 0 |
| Ollie's Bargain Outlet Holdings Inc. | COM | 681116109 |  | 259776 | 2370 | SH |  | SOLE |  | 2370 | 0 | 0 |
| PTC Inc. | COM | 69370C100 |  | 487788 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| Palomar Holdings Inc. | COM | 69753M105 |  | 269520 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| Pampa Energia S.A. | SPONS ADR LVL I | 697660207 |  | 637272 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| Par Pacific Holdings Inc. | COM NEW | 69888T207 |  | 347886 | 9900 | SH |  | SOLE |  | 9900 | 0 | 0 |
| Parsons Corporation | COM | 70202L102 |  | 210120 | 3400 | SH |  | SOLE |  | 3400 | 0 | 0 |
| Paycom Software Inc. | COM | 70432V102 |  | 334656 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| Paylocity Holding Corporation | COM | 70438V106 |  | 503250 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| Paymentus Holdings Inc. | COM CL A | 70439P108 |  | 341172 | 10800 | SH |  | SOLE |  | 10800 | 0 | 0 |
| Payoneer Global Inc. | COM | 70451X104 |  | 228734 | 40700 | SH |  | SOLE |  | 40700 | 0 | 0 |
| Penumbra Inc. | COM | 70975L107 |  | 932730 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| Performance Food Group Company | COM | 71377A103 |  | 708570 | 7880 | SH |  | SOLE |  | 7880 | 0 | 0 |
| Piper Sandler Cos | COM | 724078100 |  | 360093 | 1060 | SH |  | SOLE |  | 1060 | 0 | 0 |
| Primoris Services Corporation | COM | 74164F103 |  | 763461 | 6150 | SH |  | SOLE |  | 6150 | 0 | 0 |
| Procore Technologies Inc. | COM | 74275K108 |  | 490995 | 6750 | SH |  | SOLE |  | 6750 | 0 | 0 |
| Progyny Inc. | COM | 74340E103 |  | 295320 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| PulteGroup Inc. | COM | 745867101 |  | 469040 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| Qualys Inc. | COM | 74758T303 |  | 624630 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| RadNet Inc. | COM | 750491102 |  | 381723 | 5350 | SH |  | SOLE |  | 5350 | 0 | 0 |
| Rambus Inc. | COM | 750917106 |  | 643230 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| Ralph Lauren Corporation | CL A | 751212101 |  | 247527 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| Ramaco Resources Inc. | COM CL A | 75134P600 |  | 344700 | 19150 | SH |  | SOLE |  | 19150 | 0 | 0 |
| Raymond James Financial Inc. | COM | 754730109 |  | 1035806 | 6450 | SH |  | SOLE |  | 6450 | 0 | 0 |
| RBC Bearings Inc. | COM | 75524B104 |  | 883407 | 1970 | SH |  | SOLE |  | 1970 | 0 | 0 |
| Reddit Inc. | CL A | 75734B100 |  | 609156 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| Rhythm Pharmaceuticals Inc. | COM | 76243J105 |  | 326472 | 3050 | SH |  | SOLE |  | 3050 | 0 | 0 |
| RingCentral Inc. | CL A | 76680R206 |  | 376884 | 13050 | SH |  | SOLE |  | 13050 | 0 | 0 |
| Robinhood Markets Inc. | COM CL A | 770700102 |  | 1391130 | 12300 | SH |  | SOLE |  | 12300 | 0 | 0 |
| Rollins Inc. | COM | 775711104 |  | 438146 | 7300 | SH |  | SOLE |  | 7300 | 0 | 0 |
| Rush Street Interactive Inc. | COM | 782011100 |  | 765542 | 39400 | SH |  | SOLE |  | 39400 | 0 | 0 |
| Sezzle Inc. | COM | 78435P105 |  | 501453 | 7900 | SH |  | SOLE |  | 7900 | 0 | 0 |
| SPS Commerce Inc. | COM | 78463M107 |  | 385933 | 4330 | SH |  | SOLE |  | 4330 | 0 | 0 |
| SPDR Bloomberg Convertible Securities ETF | STATE STREET SPD | 78464A359 |  | 2408400 | 27000 | SH |  | SOLE |  | 27000 | 0 | 0 |
| SPX Technologies Inc. | COM | 78473E103 |  | 540162 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| Saia Inc. | COM | 78709Y105 |  | 600797 | 1840 | SH |  | SOLE |  | 1840 | 0 | 0 |
| Seacoast Banking Corp. of Florida | COM NEW | 811707801 |  | 290635 | 9250 | SH |  | SOLE |  | 9250 | 0 | 0 |
| SEMrush Holdings Inc. | CL A COM | 81686C104 |  | 386425 | 32500 | SH |  | SOLE |  | 32500 | 0 | 0 |
| SentinelOne Inc. | CL A | 81730H109 |  | 249000 | 16600 | SH |  | SOLE |  | 16600 | 0 | 0 |
| SmartFinancial Inc. | COM NEW | 83190L208 |  | 249683 | 6750 | SH |  | SOLE |  | 6750 | 0 | 0 |
| Stifel Financial Corporation | COM | 860630102 |  | 613578 | 4900 | SH |  | SOLE |  | 4900 | 0 | 0 |
| Stock Yards Bancorp Inc. | COM | 861025104 |  | 526095 | 8100 | SH |  | SOLE |  | 8100 | 0 | 0 |
| StoneX Group Inc. | COM | 861896108 |  | 998865 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| Super Micro Computer Inc. | COM NEW | 86800U302 |  | 583937 | 19950 | SH |  | SOLE |  | 19950 | 0 | 0 |
| TD SYNNEX Corporation | COM | 87162W100 |  | 405621 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| Synchrony Financial | COM | 87165B103 |  | 500580 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| Teledyne Technologies Inc. | COM | 879360105 |  | 459657 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| Texas Pacific Land Corporation | COM | 88262P102 |  | 413597 | 1440 | SH |  | SOLE |  | 1440 | 0 | 0 |
| Texas Roadhouse Inc. | COM | 882681109 |  | 220780 | 1330 | SH |  | SOLE |  | 1330 | 0 | 0 |
| TG Therapeutics Inc. | COM | 88322Q108 |  | 317477 | 10650 | SH |  | SOLE |  | 10650 | 0 | 0 |
| Toast Inc. | CL A | 888787108 |  | 269876 | 7600 | SH |  | SOLE |  | 7600 | 0 | 0 |
| Tootsie Roll Industries Inc. | COM | 890516107 |  | 377289 | 10300 | SH |  | SOLE |  | 10300 | 0 | 0 |
| TopBuild Corporation | COM | 89055F103 |  | 542347 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| TransMedics Group Inc. | COM | 89377M109 |  | 425775 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| Transportadora de Gas del Sur S.A. | SPONSORED ADS B | 893870204 |  | 320227 | 10300 | SH |  | SOLE |  | 10300 | 0 | 0 |
| Tyler Technologies Inc. | COM | 902252105 |  | 749018 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| Uber Technologies Inc. | COM | 90353T100 |  | 326840 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| United States Lime  Minerals Inc. | COM | 911922102 |  | 745382 | 6225 | SH |  | SOLE |  | 6225 | 0 | 0 |
| Universal Technical Institute Inc. | COM | 913915104 |  | 237783 | 9100 | SH |  | SOLE |  | 9100 | 0 | 0 |
| Upwork Inc. | COM | 91688F104 |  | 434058 | 21900 | SH |  | SOLE |  | 21900 | 0 | 0 |
| Vanguard Emerging Markets Government Bond ETF | EM MK GOV BD ETF | 921946885 |  | 2225190 | 33000 | SH |  | SOLE |  | 33000 | 0 | 0 |
| V2X Inc. | COM | 92242T101 |  | 294570 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| Veeva Systems Inc. | CL A COM | 922475108 |  | 368330 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| Velocity Financial Inc. | COM | 92262D101 |  | 269880 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| Verra Mobility Corporation | CL A COM STK | 92511U102 |  | 224100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| WESCO International Inc. | COM | 95082P105 |  | 1113112 | 4550 | SH |  | SOLE |  | 4550 | 0 | 0 |
| Western Alliance Bancorp | COM | 957638109 |  | 311059 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| Woodward Inc. | COM | 980745103 |  | 831380 | 2750 | SH |  | SOLE |  | 2750 | 0 | 0 |
| Xometry Inc. | CLASS A COM | 98423F109 |  | 657144 | 11050 | SH |  | SOLE |  | 11050 | 0 | 0 |
| Zeta Global Holdings Corporation | CL A | 98956A105 |  | 780423 | 38350 | SH |  | SOLE |  | 38350 | 0 | 0 |
| ZoomInfo Technologies Inc. | COMMON STOCK | 98980F104 |  | 175941 | 17300 | SH |  | SOLE |  | 17300 | 0 | 0 |
| Zurn Elkay Water Solutions Corporation | COM | 98983L108 |  | 453278 | 9750 | SH |  | SOLE |  | 9750 | 0 | 0 |
| Accelerant Holdings | CL A | G00894108 |  | 969555 | 59300 | SH |  | SOLE |  | 59300 | 0 | 0 |
| Dlocal Ltd./Uruguay | CLASS A COM | G29018101 |  | 858298 | 60700 | SH |  | SOLE |  | 60700 | 0 | 0 |
| Fabrinet | SHS | G3323L100 |  | 1730064 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| FTAI Aviation Ltd. | SHS | G3730V105 |  | 1141730 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| Genius Sports Ltd. | SHARES CL A | G3934V109 |  | 690954 | 62700 | SH |  | SOLE |  | 62700 | 0 | 0 |
| Grab Holdings Ltd. | CLASS A ORD | G4124C109 |  | 259480 | 52000 | SH |  | SOLE |  | 52000 | 0 | 0 |
| Hamilton Insurance Group Ltd. | CL B | G42706104 |  | 267840 | 9600 | SH |  | SOLE |  | 9600 | 0 | 0 |
| Marex Group PLC | ORD | G5S37H101 |  | 226324 | 5900 | SH |  | SOLE |  | 5900 | 0 | 0 |
| NIQ Global Intelligence plc | ORDINARY SHARES | G63755105 |  | 289400 | 17550 | SH |  | SOLE |  | 17550 | 0 | 0 |
| Pagseguro Digital Ltd. | COM CL A | G68707101 |  | 364392 | 37800 | SH |  | SOLE |  | 37800 | 0 | 0 |
| Patria Investments Ltd. | COM CL A | G69451105 |  | 540260 | 34000 | SH |  | SOLE |  | 34000 | 0 | 0 |
| RenaissanceRe Holdings Ltd. | COM | G7496G103 |  | 407682 | 1450 | SH |  | SOLE |  | 1450 | 0 | 0 |
| SharkNinja Inc. | COM SHS | G8068L108 |  | 391650 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| Tecnoglass Inc. | ORD SHS | G87264100 |  | 203796 | 4050 | SH |  | SOLE |  | 4050 | 0 | 0 |
| Sportradar Group A.G. | CLASS A ORD SHS | H8088L103 |  | 1000717 | 42100 | SH |  | SOLE |  | 42100 | 0 | 0 |
| Corp America Airports S.A. | COM | L1995B107 |  | 353600 | 13600 | SH |  | SOLE |  | 13600 | 0 | 0 |
| Globant S.A. | COM | L44385109 |  | 307239 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| Camtek Ltd. | ORD | M20791105 |  | 552994 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| CyberArk Software Ltd. | SHS | M2682V108 |  | 1806543 | 4050 | SH |  | SOLE |  | 4050 | 0 | 0 |
| Nova Ltd. | COM | M7516K103 |  | 1050848 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| IREN Ltd. | ORDINARY SHARES | Q4982L109 |  | 356927 | 9450 | SH |  | SOLE |  | 9450 | 0 | 0 |

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