# EDGAR Filing Document

**Accession Number:** 0001135300
**File Stem:** 0000894189-26-015510
**Filing Date:** 2026-5
**Character Count:** 27352
**Document Hash:** 3fcc2439da7cd7c2493edbc269f811b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-015510.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0000894189-26-015510

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BUFFALO FUNDS
- **CENTRAL INDEX KEY:** 0001135300

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10303
- **FILM NUMBER:** 261014423

**BUSINESS ADDRESS:**
- **STREET 1:** KORNITZER CAPITAL MANAGEMENT, INC.
- **STREET 2:** 5420 WEST 61ST PLACE
- **CITY:** SHAWNEE MISSION
- **STATE:** KS
- **ZIP:** 66205
- **BUSINESS PHONE:** 9136777778

**MAIL ADDRESS:**
- **STREET 1:** KORNITZER CAPITAL MANAGEMENT, INC.
- **STREET 2:** 5420 WEST 61ST PLACE
- **CITY:** SHAWNEE MISSION
- **STATE:** KS
- **ZIP:** 66205

## Series and Classes Contracts Data

### Buffalo Early Stage Growth Fund (Series ID: S000006555)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000017894 | Investor Class      | BUFOX           |
| C000214587 | Institutional Class | BUIOX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Buffalo Funds

- **b. Investment Company Act file number:** 811-10303

- **c. CIK number of Registrant:** 0001135300

- **d. LEI of Registrant:** 2549004OPHDSAY1EO405

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

  - **Street Address 1:** 5420 West 61st Place

  - **City:** Mission

  - **State:** KS

  - **Foreign country:** US

  - **Zip / Postal Code:** 66205

  - **Telephone number:** 913-677-7778

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

- **a. Name of Series:** Buffalo Early Stage Growth Fund

- **b. EDGAR series identifier (if any):** S000006555

- **c. LEI of Series:** 254900OR0GOPIIGY0W29

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $61394988.15

**Total Liabilities:** $95096.71

**Net Assets:** $61299891.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017894 | 2.71%                | 1.98%                | -9.40%               |
| Class ID C000214587 | 2.68%                | 2.02%                | -9.42%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $862728.77               | $1057137.97                                |
| Month 2  | $575447.53               | $801172.62                                 |
| Month 3  | $1183707.14              | $-7474519.73                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Applied Optoelectronics Inc    | Applied Optoelectronics Inc               | CUSIP: 03823U102<br>LEI: 529900I8U6Q5SYDNLT48 | Long             | EC               | CORP              | US        |      8594 | NS      | $726966.46    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadre Holdings Inc             | Cadre Holdings Inc                        | CUSIP: 12763L105<br>LEI: 2549006IKQEWJ8M7CB97 | Long             | EC               | CORP              | US        |     31983 | NS      | $981238.44    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Powerfleet Inc NJ              | Powerfleet Inc NJ                         | CUSIP: 73931J109<br>LEI: 2549007NKEFPYEH4MF81 | Long             | EC               | CORP              | US        |    206005 | NS      | $634495.40    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcat Inc                   | Transcat Inc                              | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               | CORP              | US        |     18087 | NS      | $1328490.15   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corp            | Verra Mobility Corp                       | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |     37528 | NS      | $536275.12    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TAT Technologies Ltd           | TAT Technologies Ltd                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |     29424 | NS      | $1195497.12   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| OrthoPediatrics Corp           | OrthoPediatrics Corp                      | CUSIP: 68752L100<br>LEI: 5493000KUTPFGOPAT717 | Long             | EC               | CORP              | US        |     25717 | NS      | $408128.79    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Policy Holding Co Inc   | Public Policy Holding Co Inc              | CUSIP: 744430208<br>LEI: 2138008Z7B1IXVVJAZ79 | Long             | EC               | CORP              | US        |     48666 | NS      | $636551.28    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Simulations Plus Inc           | Simulations Plus Inc                      | CUSIP: 829214105<br>LEI: 529900KYRDJAQ8TJCG93 | Long             | EC               | CORP              | US        |     49327 | NS      | $583045.14    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree Inc                 | WisdomTree Inc                            | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |    108718 | NS      | $1582934.08   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Ategrity Specialty Holdings LL | Ategrity Specialty Holdings LLC           | CUSIP: 04681Y103<br>LEI: 549300KMIVG4HUBDUF07 | Long             | EC               | CORP              | US        |     54243 | NS      | $1072384.11   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowman Consulting Group Ltd    | Bowman Consulting Group Ltd               | CUSIP: 103002101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39655 | NS      | $1127788.20   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                     | Cactus Inc                                | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     13879 | NS      | $657448.23    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Infrastructure Group  | Cardinal Infrastructure Group Inc         | CUSIP: 14154A102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33853 | NS      | $1342440.72   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Flotek Industries Inc          | Flotek Industries Inc                     | CUSIP: 343389409<br>LEI: 549300TF60OEK4FPPC44 | Long             | EC               | CORP              | US        |     51380 | NS      | $871918.60    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Frequency Electronics Inc      | Frequency Electronics Inc                 | CUSIP: 358010106<br>LEI: 549300S56SO2JB5JBE31 | Long             | EC               | CORP              | US        |     19344 | NS      | $856165.44    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Grid Dynamics Holdings Inc     | Grid Dynamics Holdings Inc                | CUSIP: 39813G109<br>LEI: 9845007E77EEC65AZE29 | Long             | EC               | CORP              | US        |     88984 | NS      | $507208.80    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc              | Hamilton Lane Inc                         | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      6272 | NS      | $623436.80    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Harrow Inc                     | Harrow Inc                                | CUSIP: 415858109<br>LEI: 529900AP4LIRLNV8A089 | Long             | EC               | CORP              | US        |     27083 | NS      | $954946.58    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| I3 Verticals Inc               | I3 Verticals Inc                          | CUSIP: 46571Y107<br>LEI: 549300944CYWVP06CJ97 | Long             | EC               | CORP              | US        |     46620 | NS      | $1042423.20   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu | Kratos Defense & Security Solutions Inc   | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      9475 | NS      | $668082.25    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LSI Industries Inc             | LSI Industries Inc                        | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               | CORP              | US        |     34317 | NS      | $638296.20    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc         | Option Care Health Inc                    | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     28281 | NS      | $761324.52    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc         | Patrick Industries Inc                    | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     11212 | NS      | $1245316.84   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Phreesia Inc                   | Phreesia Inc                              | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |     38688 | NS      | $324205.44    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                    | Progyny Inc                               | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22690 | NS      | $385276.20    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Cat Holdings Inc           | Red Cat Holdings Inc                      | CUSIP: 75644T100<br>LEI: 5493005OGSQW28V2PY05 | Long             | EC               | CORP              | PR        |     87014 | NS      | $1139013.26   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc             | Champion Homes Inc                        | CUSIP: 830830105<br>LEI: 2549008RYT2Y0VBZTC29 | Long             | EC               | CORP              | US        |     16515 | NS      | $1228220.55   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Haymaker Acquisition Corp 4    | Haymaker Acquisition Corp 4               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     59737 | NS      | $689364.98    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpaWorld Holdings Ltd       | OneSpaWorld Holdings Ltd                  | CUSIP: N/A<br>LEI: 5493007W8PZ8W6UC2X76       | Long             | EC               | CORP              | BS        |     72830 | NS      | $1671448.50   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Lovesac Co/The                 | Lovesac Co/The                            | CUSIP: 54738L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34286 | NS      | $506404.22    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc            | Shift4 Payments Inc                       | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13638 | NS      | $596389.74    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Accel Entertainment Inc        | Accel Entertainment Inc                   | CUSIP: 00436Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90094 | NS      | $982925.54    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambiq Micro Inc                | Ambiq Micro Inc                           | CUSIP: 023193105<br>LEI: 529900H4UP6I4UMDAA87 | Long             | EC               | CORP              | US        |     26326 | NS      | $668943.66    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc | Community Healthcare Trust Inc            | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |     43137 | NS      | $685446.93    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp         | Hillman Solutions Corp                    | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125736 | NS      | $1046123.52   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                      | nCino Inc                                 | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |     23213 | NS      | $347730.74    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| nLight Inc                     | nLight Inc                                | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19344 | NS      | $1102994.88   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvation Bio Inc               | Nuvation Bio Inc                          | CUSIP: 67080N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    147221 | NS      | $631578.09    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mama's Creations Inc           | Mama's Creations Inc                      | CUSIP: 56146T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72541 | NS      | $1112778.94   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Napco Security Technologies In | Napco Security Technologies Inc           | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |     28049 | NS      | $1104850.11   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Ouster Inc                     | Ouster Inc                                | CUSIP: 68989M202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38176 | NS      | $701293.12    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc            | Varonis Systems Inc                       | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |     25631 | NS      | $550297.57    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CPI Card Group Inc             | CPI Card Group Inc                        | CUSIP: 12634H200<br>LEI: 54930087HHJ1VWIJK062 | Long             | EC               | CORP              | US        |     33853 | NS      | $491207.03    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Inc                      | Calix Inc                                 | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     12845 | NS      | $629276.55    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Castle Biosciences Inc         | Castle Biosciences Inc                    | CUSIP: 14843C105<br>LEI: 2549007M2Q4HLR1XD252 | Long             | EC               | CORP              | US        |     24673 | NS      | $605722.15    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc          | Element Solutions Inc                     | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |     33001 | NS      | $1126654.14   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| GCM Grosvenor Inc              | GCM Grosvenor Inc                         | CUSIP: 36831E108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96721 | NS      | $947865.80    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc           | Hayward Holdings Inc                      | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53197 | NS      | $711775.86    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthStream Inc               | HealthStream Inc                          | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |     55711 | NS      | $1153774.81   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc          | ICF International Inc                     | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |     11704 | NS      | $764154.16    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular Inc          | LeMaitre Vascular Inc                     | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |     12660 | NS      | $1382092.20   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kiniksa Pharmaceuticals Intern | Kiniksa Pharmaceuticals International Plc | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     21278 | NS      | $1024535.70   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc              | AeroVironment Inc                         | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      1741 | NS      | $318690.05    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| American Superconductor Corp   | American Superconductor Corp              | CUSIP: 030111207<br>LEI: 549300S9YT8Z8LOK4452 | Long             | EC               | CORP              | US        |     34819 | NS      | $1178623.15   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| BioLife Solutions Inc          | BioLife Solutions Inc                     | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |     42557 | NS      | $811987.56    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc   | Catalyst Pharmaceuticals Inc              | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     38688 | NS      | $957914.88    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio  | Fidelity Government Portfolio             | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   1150280 | NS      | $1150280.35   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardian Pharmacy Services Inc | Guardian Pharmacy Services Inc            | CUSIP: 40145W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41603 | NS      | $1566768.98   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlsmed Inc                   | Carlsmed Inc                              | CUSIP: 14280C105<br>LEI: 5299003NUOF1GRY8UX10 | Long             | EC               | CORP              | US        |     53197 | NS      | $481432.85    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcutis Biotherapeutics Inc    | Arcutis Biotherapeutics Inc               | CUSIP: 03969K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25886 | NS      | $609874.16    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp        | CECO Environmental Corp                   | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |     11962 | NS      | $712695.96    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Once Upon a Farm PBC           | Once Upon a Farm PBC                      | CUSIP: 68237F108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48665 | NS      | $795672.75    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                   | Omnicell Inc                              | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |     25148 | NS      | $839440.24    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc           | UFP Technologies Inc                      | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |      5320 | NS      | $1029952.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Kornit Digital Ltd             | Kornit Digital Ltd                        | CUSIP: N/A<br>LEI: 5299006DPCQWP3VTFK34       | Long             | EC               | CORP              | IL        |     38979 | NS      | $571432.14    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                    | Allient Inc                               | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |      9339 | NS      | $551841.51    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp            | Federal Signal Corp                       | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |      1934 | NS      | $209142.76    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                     | Impinj Inc                                | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |     10181 | NS      | $1045588.70   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp                   | Vericel Corp                              | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     24954 | NS      | $802770.18    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Inc                     | Vertex Inc                                | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     38165 | NS      | $453781.85    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Willdan Group Inc              | Willdan Group Inc                         | CUSIP: 96924N100<br>LEI: 529900YQO0LF5VAEKN05 | Long             | EC               | CORP              | US        |     14783 | NS      | $1131786.48   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Establishment Labs Holdings In | Establishment Labs Holdings Inc           | CUSIP: N/A<br>LEI: 549300BCBQ714JNJ7V58       | Long             | EC               | CORP              | US        |     14995 | NS      | $851416.10    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-22

**Name of Applicant:** Buffalo Funds

**Signature:** /s/ Laura Symon Browne

**Name of Signer:** Laura Symon Browne

**Title:** President and Treasurer