# EDGAR Filing Document

**Accession Number:** 0001002537
**File Stem:** 0001145549-25-051941
**Filing Date:** 2025-8
**Character Count:** 34516
**Document Hash:** 1200f33996f07b7d07726c16c847c681
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-051941.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0001145549-25-051941

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250820

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEEDHAM FUNDS INC
- **CENTRAL INDEX KEY:** 0001002537

**ORGANIZATION NAME:**
- **EIN:** 133865553
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09114
- **FILM NUMBER:** 251236534

**BUSINESS ADDRESS:**
- **STREET 1:** 250 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10177
- **BUSINESS PHONE:** 2123718300

**MAIL ADDRESS:**
- **STREET 1:** 250 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10177

## Series and Classes Contracts Data

### Needham Aggressive Growth Fund (Series ID: S000003815)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000010644 | Retail Class        | NEAGX           |
| C000176576 | Institutional Class | NEAIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-09114

- **c. CIK number of Registrant:** 0001002537

- **d. LEI of Registrant:** 549300I20FS2UEMBPJ54

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

  - **Street Address 1:** 250 Park Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10177

  - **Telephone number:** 800-625-7071

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

- **a. Name of Series:** Needham Aggressive Growth Fund

- **b. EDGAR series identifier (if any):** S000003815

- **c. LEI of Series:** 549300BQ1XTH5R34Z698

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $830711886.97

**Total Liabilities:** $983023.37

**Net Assets:** $829728863.60

**Cash Not Reported:** $1833275.42

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010644 | 0.84%                | 14.28%               | 9.99%                |
| Class ID C000176576 | 0.91%                | 14.29%               | 10.05%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-78773.15               | $6535504.01                                |
| Month 2  | $1054300.76              | $94860221.27                               |
| Month 3  | $1890861.72              | $74274671.12                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Akamai Technologies Inc        | Akamai Technologies Inc                     | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |    116000 | NS      | $9252160.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Aerogels Inc             | Aspen Aerogels Inc                          | CUSIP: 04523Y105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1620000 | NS      | $9590400.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Inc            | Bentley Systems Inc                         | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |     42500 | NS      | $2293725.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc          | Quest Diagnostics Inc                       | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      3000 | NS      | $538890.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                    | SiTime Corp                                 | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9500 | NS      | $2024260.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings Inc     | Thermon Group Holdings Inc                  | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |    623500 | NS      | $17507880.00  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ThredUp Inc                    | ThredUp Inc                                 | CUSIP: 88556E102<br>LEI: 549300JKGKTKX3L3XK25 | Long             | EC               | CORP              | US        |   5875000 | NS      | $44003750.00  | 5.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcat Inc                   | Transcat Inc                                | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               | CORP              | US        |     40000 | NS      | $3438400.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Precision Group Inc     | Vishay Precision Group Inc                  | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    582500 | NS      | $16368250.00  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Sportradar Group AG            | Sportradar Group AG                         | CUSIP: H8088L103<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |     35000 | NS      | $982800.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                   | Carter's Inc                                | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     76500 | NS      | $2304945.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc              | Clean Harbors Inc                           | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     34000 | NS      | $7860120.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Services of America Cor | Energy Services of America Corp             | CUSIP: 29271Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125000 | NS      | $1242500.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PDF Solutions Inc              | PDF Solutions Inc                           | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |   1269350 | NS      | $27138703.00  | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackline Safety Corp          | Blackline Safety Corp                       | CUSIP: 092382100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1205000 | NS      | $6371213.51   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Camtek Ltd/Israel              | Camtek Ltd/Israel                           | CUSIP: M20791105<br>LEI: 5493000H80W07HCKGS43 | Long             | EC               | CORP              | IL        |     35000 | NS      | $2959600.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                       | Nova Ltd                                    | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |     62750 | NS      | $17268800.00  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc          | Arlo Technologies Inc                       | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |   1307500 | NS      | $22175200.00  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                 | Astronics Corp                              | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |    267500 | NS      | $8955900.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutio | Bright Horizons Family Solutions Inc        | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95000 | NS      | $11741050.00  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CRA International Inc          | CRA International Inc                       | CUSIP: 12618T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84750 | NS      | $15879607.50  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                    | Cognex Corp                                 | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |    108000 | NS      | $3425760.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecovyst Inc                    | Ecovyst Inc                                 | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    920000 | NS      | $7571600.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                    | Equinix Inc                                 | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      6000 | NS      | $4772820.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| FARO Technologies Inc          | FARO Technologies Inc                       | CUSIP: 311642102<br>LEI: 529900MFEFNOFP3YR823 | Long             | EC               | CORP              | US        |    780000 | NS      | $34257600.00  | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co/The             | Gorman-Rupp Co/The                          | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |    138500 | NS      | $5085720.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Klaviyo Inc                    | Klaviyo Inc                                 | CUSIP: 49845K101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    195000 | NS      | $6548100.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                  | MYR Group Inc                               | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     30000 | NS      | $5443500.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Matrix Service Co              | Matrix Service Co                           | CUSIP: 576853105<br>LEI: 529900VYBKSX6HD2YW58 | Long             | EC               | CORP              | US        |   1420000 | NS      | $19184200.00  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Technologies Internat | Northern Technologies International Corp    | CUSIP: 665809109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    515500 | NS      | $3819855.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                   | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     13700 | NS      | $2810829.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil-Dri Corp of America        | Oil-Dri Corp of America                     | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |    561500 | NS      | $33122885.00  | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp                   | Parsons Corp                                | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |    137500 | NS      | $9868375.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc          | Veeco Instruments Inc                       | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |    411000 | NS      | $8351520.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co             | Vertiv Holdings Co                          | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |    260500 | NS      | $33450805.00  | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                     | Vicor Corp                                  | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |    511500 | NS      | $23201640.00  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Farms Inc                | Vital Farms Inc                             | CUSIP: 92847W103<br>LEI: 549300S6NYY7ER3XOT61 | Long             | EC               | CORP              | US        |    507500 | NS      | $19548900.00  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Somero Enterprises Inc         | Somero Enterprises Inc                      | CUSIP: 00B1GCQ97<br>LEI: 549300OQ2P18NRWBIW58 | Long             | EC               | CORP              | US        |    340000 | NS      | $1143414.04   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Asure Software Inc             | Asure Software Inc                          | CUSIP: 04649U102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2495000 | NS      | $24351200.00  | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Hinge Health Inc               | Hinge Health Inc                            | CUSIP: 433313103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       605 | NS      | $31308.75     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holdings Inc            | ADTRAN Holdings Inc                         | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |    125000 | NS      | $1121250.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings Inc           | Amentum Holdings Inc                        | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |         1 | NS      | $14.46        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Arteris Inc                    | Arteris Inc                                 | CUSIP: 04302A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2420000 | NS      | $23062600.00  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corp                    | Bruker Corp                                 | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |    137500 | NS      | $5665000.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Treasury Securities Ca | Dreyfus Treasury Securities Cash Management | CUSIP: 261941108<br>LEI: 549300U78VESCW509025 | Long             | STIV             | RF                | US        |   6743031 | NS      | $6743031.42   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Hammond Power Solutions Inc    | Hammond Power Solutions Inc                 | CUSIP: 408549103<br>LEI: 549300OLI26OOKEG5V73 | Long             | EC               | CORP              | CA        |    188100 | NS      | $17325781.53  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolv Technologies Holdings In | Evolv Technologies Holdings Inc             | CUSIP: 30049H102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $624000.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc               | Markel Group Inc                            | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      3450 | NS      | $6890892.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc                 | Photronics Inc                              | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |    287500 | NS      | $5413625.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Electro Optic Systems Holdings | Electro Optic Systems Holdings Ltd          | CUSIP: 006293990<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   2850000 | NS      | $5345825.02   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| nLight Inc                     | nLight Inc                                  | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1525000 | NS      | $30012000.00  | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Research Solutions Inc/CA      | Research Solutions Inc/CA                   | CUSIP: 761025105<br>LEI: 549300TYWPCKGK141Q94 | Long             | EC               | CORP              | US        |   2930000 | NS      | $8409100.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith-Midland Corp             | Smith-Midland Corp                          | CUSIP: 832156103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    217000 | NS      | $7282520.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                   | Teradyne Inc                                | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     22500 | NS      | $2023200.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptitude Software Group PLC    | Aptitude Software Group PLC                 | CUSIP: 00BJV2F80<br>LEI: 2138009VHA1WI2VKMA28 | Long             | EC               | CORP              | GB        |     30000 | NS      | $138362.71    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Thinkific Labs Inc             | Thinkific Labs Inc                          | CUSIP: 884121302<br>LEI: 549300ZDV691W5HGP697 | Long             | EC               | CORP              | CA        |   2475000 | NS      | $3762254.45   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                             | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      3000 | NS      | $2404170.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| KVH Industries Inc             | KVH Industries Inc                          | CUSIP: 482738101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    441400 | NS      | $2352662.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Precision Optics Corp Inc/Mass | Precision Optics Corp Inc/Mass              | CUSIP: 740294400<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    700000 | NS      | $3409000.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Mativ Holdings Inc             | Mativ Holdings Inc                          | CUSIP: 808541106<br>LEI: 549300Z1FU4IDULG1R21 | Long             | EC               | CORP              | US        |     72500 | NS      | $494450.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The             | Trade Desk Inc/The                          | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     17000 | NS      | $1223830.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technol | Westinghouse Air Brake Technologies Corp    | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      2750 | NS      | $575712.50    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Pro Tech Ltd             | Alpha Pro Tech Ltd                          | CUSIP: 020772109<br>LEI: 529900Z93O5JUM52Q856 | Long             | EC               | CORP              | CA        |    612500 | NS      | $2872625.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Centuri Holdings Inc           | Centuri Holdings Inc                        | CUSIP: 155923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    320000 | NS      | $7180800.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc      | Circle Internet Group Inc                   | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |      6088 | NS      | $1103693.52   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Molding Technologies Inc  | Core Molding Technologies Inc               | CUSIP: 218683100<br>LEI: 549300ZY2MFRXCKVIJ28 | Long             | EC               | CORP              | US        |    205000 | NS      | $3400950.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Computer Modelling Group Ltd   | Computer Modelling Group Ltd                | CUSIP: 205249105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     80000 | NS      | $423572.61    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc  | Everus Construction Group Inc               | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |     92500 | NS      | $5876525.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc           | Jacobs Solutions Inc                        | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17500 | NS      | $2300375.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc           | Labcorp Holdings Inc                        | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12300 | NS      | $3228873.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Educational Services C | Lincoln Educational Services Corp           | CUSIP: 533535100<br>LEI: 549300BJ55KUY6RG7L98 | Long             | EC               | CORP              | US        |    609500 | NS      | $14048975.00  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Luna Innovations Inc           | Luna Innovations Inc                        | CUSIP: 550351100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1175000 | NS      | $1039875.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc        | MDU Resources Group Inc                     | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    349000 | NS      | $5817830.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumin Holdings Inc           | Illumin Holdings Inc                        | CUSIP: 45232V106<br>LEI: 52990074I5Q8ZO4WN656 | Long             | EC               | CORP              | CA        |    150000 | NS      | $210391.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC             | nVent Electric PLC                          | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    107500 | NS      | $7874375.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA Technologies Inc         | TETRA Technologies Inc                      | CUSIP: 88162F105<br>LEI: 549300T5W131705EK832 | Long             | EC               | CORP              | US        |    750000 | NS      | $2520000.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                     | CarMax Inc                                  | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67500 | NS      | $4536675.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Comtech Telecommunications Cor | Comtech Telecommunications Corp             | CUSIP: 205826209<br>LEI: 529900FTEZ8MGM0Y8F73 | Long             | EC               | CORP              | US        |   1432000 | NS      | $3508400.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                   | Entegris Inc                                | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     66000 | NS      | $5322900.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries  | Huntington Ingalls Industries Inc           | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |     44500 | NS      | $10744970.00  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular Inc          | LeMaitre Vascular Inc                       | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |     40000 | NS      | $3322000.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                        | MKS Inc                                     | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     46500 | NS      | $4620240.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Resource Holding Corp    | Quest Resource Holding Corp                 | CUSIP: 74836W203<br>LEI: 54930088J62L2GTB0F58 | Long             | EC               | CORP              | US        |    406023 | NS      | $820166.46    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions Inc     | Select Water Solutions Inc                  | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |    100000 | NS      | $864000.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc       | Super Micro Computer Inc                    | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |    810000 | NS      | $39698100.00  | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                     | Tennant Co                                  | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |      2500 | NS      | $193700.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CryoPort Inc                   | CryoPort Inc                                | CUSIP: 229050307<br>LEI: 9845004D8538BT8JF626 | Long             | EC               | CORP              | US        |     29500 | NS      | $220070.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Unisys Corp                    | Unisys Corp                                 | CUSIP: 909214306<br>LEI: 549300T21W22FIJJOW08 | Long             | EC               | CORP              | US        |   4538000 | NS      | $20557140.00  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute  | Universal Technical Institute Inc           | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |    311000 | NS      | $10539790.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology Inc     | Vishay Intertechnology Inc                  | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |   1055000 | NS      | $16753400.00  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                        | CRH PLC                                     | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | US        |     28000 | NS      | $2570400.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Educational Development Corp   | Educational Development Corp                | CUSIP: 281479105<br>LEI: 254900CR48GDX3OIGC82 | Long             | EC               | CORP              | US        |    800000 | NS      | $1064000.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor Inc                 | FormFactor Inc                              | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |    250000 | NS      | $8602500.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Genius Sports Ltd              | Genius Sports Ltd                           | CUSIP: G3934V109<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |   2355000 | NS      | $24492000.00  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| DroneShield Ltd                | DroneShield Ltd                             | CUSIP: 00BYV1JW4<br>LEI: 5299002AW8NA4BW6MU87 | Long             | EC               | CORP              | AU        |   1500000 | NS      | $2250873.69   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-15

**Name of Applicant:** Needham Funds Inc

**Signature:** /s/ James W. Giangrasso

**Name of Signer:** James W. Giangrasso

**Title:** Principal, Chief Financial Officer