# EDGAR Filing Document

**Accession Number:** 0001103243
**File Stem:** 0001413042-26-000047
**Filing Date:** 2026-1
**Character Count:** 24090
**Document Hash:** 995a55d0723c41993b3838d8fb1677dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-26-000047.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0001413042-26-000047

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PFS FUNDS
- **CENTRAL INDEX KEY:** 0001103243

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09781
- **FILM NUMBER:** 26558746

**BUSINESS ADDRESS:**
- **STREET 1:** 1939 FRIENDSHIP DRIVE
- **STREET 2:** STE C
- **CITY:** EL CAJON
- **STATE:** CA
- **ZIP:** 92020
- **BUSINESS PHONE:** 6185889700

**MAIL ADDRESS:**
- **STREET 1:** 1939 FRIENDSHIP DRIVE
- **STREET 2:** STE C
- **CITY:** EL CAJON
- **STATE:** CA
- **ZIP:** 92020

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PREMIER FUNDS TRUST
- **DATE OF NAME CHANGE:** 20100119

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WIRELESS FUND
- **DATE OF NAME CHANGE:** 20000113

## Series and Classes Contracts Data

### Taylor Frigon Core Growth Fund (Series ID: S000055970)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000176264 | Taylor Frigon Core Growth Fund | TFCGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-09781

- **c. CIK number of Registrant:** 0001103243

- **d. LEI of Registrant:** 549300QPH5FGDXI8HN15

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

  - **Street Address 1:** 1939 FRIENDSHIP DRIVE STE C

  - **City:** EL CAJON

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92020

  - **Telephone number:** 619-588-9700

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

- **a. Name of Series:** Taylor Frigon Core Growth Fund

- **b. EDGAR series identifier (if any):** S000055970

- **c. LEI of Series:** 5493008KSY48E37EMT39

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $32732725.80

**Total Liabilities:** $38202.06

**Net Assets:** $32694523.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000176264 | 4.60%                | 6.46%                | -4.44%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $161085.21               | $1357369.64                                |
| Month 2  | $853220.49               | $1293141.51                                |
| Month 3  | $520329.48               | $-1998390.55                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Federated Hermes Money Market Obligations Trust - Federated Hermes Government Obligations Fund | Federated Hermes Government Obligations Fund - Institutional Shares | CUSIP: 60934N104<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |    377074 | NS      | $377074.42    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology, Inc.                                                                        | Alkami Technology, Inc.                                             | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |     30299 | NS      | $645974.68    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Apyx Medical Corporation                                                                       | Apyx Medical Corporation                                            | CUSIP: 03837C106<br>LEI: 5299009QZVYUYO082S45 | Long             | EC               | CORP              | US        |    128436 | NS      | $515028.36    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs, Inc.                                                                              | Astera Labs, Inc.                                                   | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |      6364 | NS      | $1002775.48   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings, Inc.                                                                            | BILL Holdings, Inc.                                                 | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |     14666 | NS      | $735499.90    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings, Inc.                                                                       | Boot Barn Holdings, Inc.                                            | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      3598 | NS      | $697364.36    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ, Inc.                                                                                     | CBIZ, Inc.                                                          | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |     12519 | NS      | $609675.30    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Camtek Ltd                                                                                     | Camtek Ltd. (Israel)                                                | CUSIP: M20791105<br>LEI: 5493000H80W07HCKGS43 | Long             | EC               | CORP              | IL        |      5507 | NS      | $579859.57    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co.                                                                                    | Carvana Co. - Class A                                               | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      2697 | NS      | $1010026.50   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ClearPoint Neuro, Inc.                                                                         | ClearPoint Neuro, Inc.                                              | CUSIP: 18507C103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32263 | NS      | $466522.98    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare, Inc.                                                                               | CloudFlare, Inc. - Class A                                          | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      4252 | NS      | $851292.92    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Compugen Ltd.                                                                                  | Compugen Ltd. (Israel)                                              | CUSIP: M25722105<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    242969 | NS      | $379031.64    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holdings Ltd.                                                           | Credo Technology Group Holding Ltd. (Cayman Islands)                | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      7999 | NS      | $1420622.40   | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd.                                                                         | CyberArk Software Ltd. (Israel)                                     | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |      1395 | NS      | $639733.05    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom, Inc.                                                                                   | DexCom, Inc.                                                        | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      9182 | NS      | $582781.54    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros. Inc.                                                                               | Dutch Bros. Inc. - Class A                                          | CUSIP: 26701L100<br>LEI: 549300ISYAXTFZ4LCT04 | Long             | EC               | CORP              | US        |     12940 | NS      | $758413.40    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems, Inc.                                                                             | EPAM Systems, Inc.                                                  | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      3824 | NS      | $715088.00    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiverr International Ltd.                                                                      | Fiverr International Ltd. (Israel)                                  | CUSIP: M4R82T106<br>LEI: 549300Z8OREY6THCPF67 | Long             | EC               | CORP              | IL        |     27516 | NS      | $575909.88    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova, Inc.                                                                               | GE Vernova, Inc.                                                    | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      1076 | NS      | $645352.52    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| GitLab Inc.                                                                                    | GitLab Inc. - Class A                                               | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     14913 | NS      | $612327.78    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corporation                                                                            | Glaukos Corporation                                                 | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |      8354 | NS      | $887946.66    | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Grid Dynamics Holdings, Inc.                                                                   | Grid Dynamics Holdings, Inc. - Class A                              | CUSIP: 39813G109<br>LEI: 9845007E77EEC65AZE29 | Long             | EC               | CORP              | US        |     78228 | NS      | $685277.28    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories, Inc.                                                                       | IDEXX Laboratories, Inc.                                            | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       919 | NS      | $691896.72    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj, Inc.                                                                                   | Impinj, Inc.                                                        | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |      4453 | NS      | $765337.11    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| InMode Ltd.                                                                                    | InMode Ltd. (Israel)                                                | CUSIP: M5425M103<br>LEI: 984500DD95A35E9BD358 | Long             | EC               | CORP              | IL        |     24102 | NS      | $343453.50    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corporation                                                                                | KLA Corporation                                                     | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       767 | NS      | $901585.49    | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Kornit Digital Ltd.                                                                            | Kornit Digital Ltd. (Israel)                                        | CUSIP: M6372Q113<br>LEI: 5299006DPCQWP3VTFK34 | Long             | EC               | CORP              | IL        |     40060 | NS      | $533999.80    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology, Inc.                                                                       | Marvell Technology, Inc.                                            | CUSIP: 573874104<br>LEI: 8DF36O58U3QIHUCGZB18 | Long             | EC               | CORP              | US        |      8722 | NS      | $779746.80    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobileye Global Inc.                                                                           | Mobileye Global Inc. - Class A (Israel)                             | CUSIP: 60741F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51369 | NS      | $607181.58    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB, Inc.                                                                                  | MongoDB, Inc. - Class A                                             | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      2397 | NS      | $796690.89    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems, Inc.                                                                 | Monolithic Power Systems, Inc.                                      | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      1124 | NS      | $1043263.08   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE Ltd.                                                                                      | NICE Ltd. ADR                                                       | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |      4630 | NS      | $491104.10    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| NuScale Power Corporation                                                                      | NuScale Power Corporation - Class A                                 | CUSIP: 67079K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4493 | NS      | $89860.00     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                                                                           | Onto Innovation Inc.                                                | CUSIP: 683344105<br>LEI: 549300V1USTYXJ7TNR79 | Long             | EC               | CORP              | US        |      6009 | NS      | $860248.44    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BioRobotics Corporation                                                                | PROCEPT BioRobotics Corporation                                     | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19394 | NS      | $614401.92    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies, Inc.                                                                     | Procore Technologies, Inc.                                          | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     12670 | NS      | $938340.20    | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage, Inc.                                                                             | Pure Storage, Inc. - Class A                                        | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |      8469 | NS      | $753402.24    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                                                                          | Quanta Services, Inc.                                               | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      1659 | NS      | $771235.92    | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| QuickLogic Corporation                                                                         | QuickLogic Corporation                                              | CUSIP: 74837P405<br>LEI: 529900V52LUN2EHHCH56 | Long             | EC               | CORP              | US        |     66600 | NS      | $419580.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceTitan, Inc.                                                                             | ServiceTitan, Inc. - Class A                                        | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7204 | NS      | $643749.44    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Technologies, Inc.                                                                        | SoFi Technologies, Inc.                                             | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |     12005 | NS      | $356788.60    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Symbotic Inc.                                                                                  | Symbotic Inc. - Class A                                             | CUSIP: 87151X101<br>LEI: 529900UN9QT55OG9I235 | Long             | EC               | CORP              | US        |      9528 | NS      | $798160.56    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast, Inc.                                                                                    | Toast, Inc. - Class A                                               | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     17281 | NS      | $590837.39    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Ltd.                                                                       | Tower Semiconductor Ltd. (Israel)                                   | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |      7711 | NS      | $833636.21    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| TradeWeb Markets Inc.                                                                          | Tradeweb Markets Inc. - Class A                                     | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6269 | NS      | $682443.34    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group, Inc.                                                                        | TransMedics Group, Inc.                                             | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |      5324 | NS      | $778954.44    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Vuzix Corporation                                                                              | Vuzix Corporation                                                   | CUSIP: 92921W300<br>LEI: 549300EWPW64TZQXJG66 | Long             | EC               | CORP              | US        |     82649 | NS      | $222325.81    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd.                                                                                   | Wix.com Ltd. (Israel)                                               | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |      4766 | NS      | $456153.86    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| monday.com Ltd                                                                                 | monday.com Ltd. (Israel)                                            | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |      3978 | NS      | $572275.08    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-26

**Name of Applicant:** PFS Funds

**Signature:** /s/ Jeffrey R. Provence

**Name of Signer:** Jeffrey R. Provence

**Title:** Secretary and Treasurer