# EDGAR Filing Document

**Accession Number:** 0001260667
**File Stem:** 0001162044-26-000218
**Filing Date:** 2026-3
**Character Count:** 40790
**Document Hash:** 4d9d9fd592336a369f84052832e7eeeb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-26-000218.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001162044-26-000218

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ANCORA TRUST
- **CENTRAL INDEX KEY:** 0001260667

**ORGANIZATION NAME:**
- **EIN:** 020712385
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21418
- **FILM NUMBER:** 26706807

**BUSINESS ADDRESS:**
- **STREET 1:** 6060 PARKLAND BOULEVARD, SUITE 200
- **CITY:** CLEVELAND
- **STATE:** OH
- **ZIP:** 44124
- **BUSINESS PHONE:** 216-825-4000

**MAIL ADDRESS:**
- **STREET 1:** 6060 PARKLAND BOULEVARD, SUITE 200
- **CITY:** CLEVELAND
- **STATE:** OH
- **ZIP:** 44124

## Series and Classes Contracts Data

### Ancora/Thelen Small-Mid Cap (Series ID: S000039307)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000121113 | Class I      | AATIX           |
| C000144725 | Class S      | AATSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ANCORA TRUST

- **b. Investment Company Act file number:** 811-21418

- **c. CIK number of Registrant:** 0001260667

- **d. LEI of Registrant:** 549300QN8N2QFNY1O803

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

  - **Street Address 1:** 6060 Parkland Boulevard

  - **City:** Cleveland

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44124

  - **Telephone number:** 216-593-5020

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

- **a. Name of Series:** Ancora/Thelen Small-Mid Cap Fund

- **b. EDGAR series identifier (if any):** S000039307

- **c. LEI of Series:** 549300NC6ODFXR9U1285

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $218416484.11

**Total Liabilities:** $1316243.81

**Net Assets:** $217100240.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000121113 | -3.50%               | 1.16%                | 1.93%                |
| Class ID C000144725 | -3.48%               | 1.17%                | 1.95%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3469525.30              | $-9500756.17                               |
| Month 2  | $-1269702.63             | $2492062.04                                |
| Month 3  | $2978900.41              | $724542.37                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| APi Group Corp.                                                    | APi Group Corp.                                                    | CUSIP: 00187Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     99616 | NS      | $3811289.03   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Aebi Schmidt Holding AG                                            | Aebi Schmidt Holding AG                                            | CUSIP: H00501108<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |    365926 | NS      | $4628963.90   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings, Inc.                                             | Amentum Holdings, Inc.                                             | CUSIP: 023939101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    169363 | NS      | $4911527.00   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Amrize Ltd.                                                        | Amrize Ltd.                                                        | CUSIP: H2927K103<br>LEI: 529900SLCCO6K43P8146 | Long             | EC               | CORP              | CH        |     88520 | NS      | $4787161.60   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Angi, Inc.                                                         | Angi, Inc.                                                         | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Long             | EC               | CORP              | US        |     70313 | NS      | $909147.09    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                                            | Aramark                                                            | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |     75610 | NS      | $2786984.60   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa, Inc.                                                       | Arcosa, Inc.                                                       | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     26949 | NS      | $2865217.68   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings, Inc.                                      | Atlanta Braves Holdings, Inc.                                      | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74925 | NS      | $2955791.25   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies, Inc.                                | Atmus Filtration Technologies, Inc.                                | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    115610 | NS      | $6001315.10   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BJs Restaurants, Inc.                                              | BJs Restaurants, Inc.                                              | CUSIP: 09180C106<br>LEI: 5299000EOW66I1OJNQ23 | Long             | EC               | CORP              | US        |     11990 | NS      | $472406.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works, Inc.                                            | Bath & Body Works, Inc.                                            | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     75830 | NS      | $1522666.40   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgewater Bancshares, Inc.                                       | Bridgewater Bancshares, Inc.                                       | CUSIP: 108621103<br>LEI: 5493001FLSBTVILKXZ71 | Long             | EC               | CORP              | US        |     97930 | NS      | $1716712.90   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CCC Intelligent Solutions Holdings Inc.                            | CCC Intelligent Solutions Holdings Inc.                            | CUSIP: 12510Q100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    512280 | NS      | $4072626.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries, Inc.                                             | Cavco Industries, Inc.                                             | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1076 | NS      | $635636.24    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Centuri Holdings, Inc.                                             | Centuri Holdings, Inc.                                             | CUSIP: 155923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42240 | NS      | $1066560.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearfield, Inc.                                                   | Clearfield, Inc.                                                   | CUSIP: 18482P103<br>LEI: 529900M4S2OQ1ADPR537 | Long             | EC               | CORP              | US        |     43859 | NS      | $1278489.85   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CompoSecure, Inc.                                                  | CompoSecure, Inc.                                                  | CUSIP: 20459V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150833 | NS      | $2908060.24   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Parent, Inc.                              | Concentra Group Holdings Parent, Inc.                              | CUSIP: 20603L102<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    102870 | NS      | $2024481.60   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co.                                                          | Crane Co.                                                          | CUSIP: 224408104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21257 | NS      | $3920428.51   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT, Co.                                                     | Crane NXT Co.                                                      | CUSIP: 224441105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85887 | NS      | $4042701.09   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream, Inc.                                                 | DT Midstream, Inc.                                                 | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19766 | NS      | $2365594.88   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp.                                              | Deckers Outdoor Corp.                                              | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     24630 | NS      | $2553392.10   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co.                                        | DiamondRock Hospitality Co.                                        | CUSIP: 252784301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    206010 | NS      | $1845849.60   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Diebold Nixdorf, Inc.                                              | Diebold Nixdorf, Inc.                                              | CUSIP: 253651202<br>LEI: 549300XZK6EWDBAZSY16 | Long             | EC               | CORP              | US        |     10993 | NS      | $746314.77    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Dupont De Nemours, Inc.                                            | DuPont de Nemours, Inc.                                            | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     64810 | NS      | $2605362.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ESAB Corp.                                                         | ESAB Corp.                                                         | CUSIP: 29605J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $111.72       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP, Inc.                                                       | EZCORP, Inc.                                                       | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |     77970 | NS      | $1514177.40   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Embecta Corp.                                                      | Embecta Corp.                                                      | CUSIP: 29082K105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82930 | NS      | $985208.40    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Emergent Biosolutions Inc.                                         | Emergent BioSolutions, Inc.                                        | CUSIP: 29089Q105<br>LEI: 549300YW6TUOX8BE5103 | Long             | EC               | CORP              | US        |     50106 | NS      | $619310.16    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp.                                             | Encompass Health Corp.                                             | CUSIP: 29261A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18060 | NS      | $1916888.40   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings, Inc.                                           | Energizer Holdings, Inc.                                           | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     57830 | NS      | $1150238.70   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp.                                                       | Enovis Corp.                                                       | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |     56111 | NS      | $1494797.04   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group, Inc.                                    | Everus Construction Group, Inc.                                    | CUSIP: 300426103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38661 | NS      | $3307835.16   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life, Inc.                                         | F&G Annuities & Life, Inc.                                         | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    101561 | NS      | $3133156.85   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corp.                                | Federal Agricultural Mortgage Corp.                                | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | CORP              | US        |      4925 | NS      | $864682.25    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Government Obligations Fund - Institutional Class | Federated Hermes Government Obligations Fund - Institutional Class | CUSIP: 60934N104<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |   5170143 | NS      | $5170142.66   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| First Watch Restaurant Group, Inc.                                 | First Watch Restaurant Group, Inc.                                 | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67890 | NS      | $1023781.20   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp.                                                      | Fortive Corp.                                                      | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |     85610 | NS      | $4726528.10   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Home & Security, Inc.                               | Fortune Brands Innovations, Inc.                                   | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |    107663 | NS      | $5385303.26   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Freightcar America, Inc.                                           | FreightCar America, Inc.                                           | CUSIP: 357023100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121202 | NS      | $1341706.14   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor, Inc.                                                    | Frontdoor, Inc.                                                    | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |     48000 | NS      | $2769120.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI Liberty, Inc.                                                  | GCI Liberty, Inc.                                                  | CUSIP: 36164V800<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    172300 | NS      | $6411283.00   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI Liberty, Inc.                                                  | GCI Liberty, Inc. Class A                                          | CUSIP: 36164V602<br>LEI: 5493003JDENERRDYFN86 | Long             | EC               | CORP              | US        |     16815 | NS      | $619969.05    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries, Inc.                                         | Gibraltar Industries, Inc.                                         | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43742 | NS      | $2162604.48   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp.                                                          | HNI Corp.                                                          | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |     77850 | NS      | $3272814.00   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey, Inc.                                               | Houlihan Lokey, Inc. Class A                                       | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     18846 | NS      | $3282784.74   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings, Inc.                                       | Howard Hughes Holdings, Inc.                                       | CUSIP: 44267T102<br>LEI: 549300BVHY25JZC1KI49 | Long             | EC               | CORP              | US        |     16759 | NS      | $1336865.43   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corporation                                               | Ingevity Corp.                                                     | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |     21405 | NS      | $1266747.90   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Solutions & Support, Inc.                               | Innovative Solutions & Support, Inc.                               | CUSIP: 45769N105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59940 | NS      | $1135263.60   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries, Inc.                                           | Insteel Industries, Inc.                                           | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     34441 | NS      | $1090746.47   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial, Inc.                                            | Jackson Financial, Inc.                                            | CUSIP: 46817M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14959 | NS      | $1595377.35   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions, Inc.                                             | Jacobs Solutions, Inc.                                             | CUSIP: 46982L108<br>LEI: 549300CZ8QS1GE53O776 | Long             | EC               | CORP              | US        |      6199 | NS      | $821119.54    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings, Inc.                                             | Kyndryl Holding, Inc.                                              | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |     65340 | NS      | $1735430.40   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group, Inc.                                          | MDU Resources Group, Inc.                                          | CUSIP: 552690109<br>LEI: 0T6SBMK3JTBI1JR36794 | Long             | EC               | CORP              | US        |     82816 | NS      | $1616568.32   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnera Corp.                                                      | Magnera Corp.                                                      | CUSIP: 55939A107<br>LEI: 549300LDQLQBT38QDY28 | Long             | EC               | CORP              | US        |    128611 | NS      | $1947170.54   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Masterbrand, Inc.                                                  | Masterbrand, Inc.                                                  | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |    241387 | NS      | $2664912.48   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp.                                                     | Middleby Corp.                                                     | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     36281 | NS      | $5393896.27   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties, Inc.                                          | Millrose Properties, Inc.                                          | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108040 | NS      | $3227154.80   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro, Inc.                                                        | Monro, Inc.                                                        | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37504 | NS      | $751580.16    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NPK International, Inc.                                            | NPK International, Inc.                                            | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |    306250 | NS      | $3650500.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Nacco Industries, Inc.                                             | Nacco Industries, Inc.                                             | CUSIP: 629579103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17350 | NS      | $850844.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Ltd.                                                   | Nomad Foods Ltd.                                                   | CUSIP: G6564A105<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | US        |    245730 | NS      | $3074082.30   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NorthWestern Energy Group, Inc.                                    | NorthWestern Energy Group, Inc.                                    | CUSIP: 668074305<br>LEI: 3BPWMBHR1R9SHUN7J795 | Long             | EC               | CORP              | US        |     44260 | NS      | $2856540.40   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Group Holdings, Inc.                                         | Orion Group Holdings, Inc.                                         | CUSIP: 68628V308<br>LEI: 549300KBVXPV9Q3CT222 | Long             | EC               | CORP              | US        |     76194 | NS      | $757368.36    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings, Inc.                                                | PROG Holdings, Inc.                                                | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     73390 | NS      | $2164271.10   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair plc                                                        | Pentair plc                                                        | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |     18690 | NS      | $1946376.60   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners                                          | Perella Weinberg Partners                                          | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84355 | NS      | $1459341.50   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia, Inc.                                                       | Phinia, Inc.                                                       | CUSIP: 71880K101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77180 | NS      | $4838414.20   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Postal Realty Trust, Inc.                                          | Postal Realty Trust, Inc.                                          | CUSIP: 73757R102<br>LEI: 5493007B7ZZSIJRGWC41 | Long             | EC               | CORP              | US        |     60028 | NS      | $968851.92    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp.                                               | PotlatchDeltic Corp.                                               | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |    153704 | NS      | $6114345.12   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Powerfleet, Inc.                                                   | Powerfleet, Inc.                                                   | CUSIP: 73931J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116930 | NS      | $622067.60    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Pursuit Attractions & Hospitality, Inc.                            | Pursuit Attractions & Hospitality, Inc.                            | CUSIP: 92552R406<br>LEI: 549300PXU4ZW7LPO5Y40 | Long             | EC               | CORP              | US        |     58990 | NS      | $1986783.20   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Qnity Electronics, Inc.                                            | Qnity Electronics, Inc.                                            | CUSIP: 74743L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15786 | NS      | $1288926.90   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global, Inc.                                                    | RB Global, Inc.                                                    | CUSIP: 74935Q107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     15570 | NS      | $1601685.90   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| RCM Technologies, Inc.                                             | RCM Technologies, Inc.                                             | CUSIP: 749360400<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17210 | NS      | $351858.45    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RGC Resources, Inc.                                                | RGC Resources, Inc.                                                | CUSIP: 74955L103<br>LEI: 549300GO68EPQLQ7MK06 | Long             | EC               | CORP              | US        |     35481 | NS      | $755745.30    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp.                                                     | Ralliant Corp.                                                     | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125253 | NS      | $6376630.23   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial, Inc.                                      | Raymond James Financial, Inc.                                      | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     11683 | NS      | $1876172.97   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier, Inc.                                                     | Rayonier, Inc.                                                     | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |     65866 | NS      | $1425999.03   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Resolute Holdings Management, Inc.                                 | Resolute Holdings Management, Inc.                                 | CUSIP: 76134H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8375 | NS      | $1728851.25   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold, Inc.                                                   | Royal Gold, Inc.                                                   | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      8422 | NS      | $1872126.38   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Smithfield Foods, Inc.                                             | Smithfield Foods, Inc.                                             | CUSIP: 832248207<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | EC               | CORP              | US        |     93544 | NS      | $2088837.52   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials, Inc.                                  | Solstice Advanced Materials, Inc.                                  | CUSIP: 83443Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78870 | NS      | $3831504.60   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Starz Entertainment Corp.                                          | Starz Entertainment Corp.                                          | CUSIP: 855919106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    118286 | NS      | $1383946.20   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoneridge, Inc.                                                   | Stoneridge, Inc.                                                   | CUSIP: 86183P102<br>LEI: PNBCIH9LE7WI83VJIF08 | Long             | EC               | CORP              | US        |      7928 | NS      | $45903.12     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Talkspace, Inc.                                                    | Talkspace, Inc.                                                    | CUSIP: 87427V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    241940 | NS      | $878242.20    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex, Inc.                                                     | Teleflex, Inc.                                                     | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      9040 | NS      | $1103241.60   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| The Marzetti Co.                                                   | The Marzetti Co.                                                   | CUSIP: 513847103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4090 | NS      | $672477.80    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| The Pennant Group, Inc.                                            | The Pennant Group, Inc.                                            | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |     30242 | NS      | $851312.30    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan America SA                                                   | Titan America SA                                                   | CUSIP: B9151N105<br>LEI: N/A                  | Long             | EC               | CORP              | BE        |     72800 | NS      | $1199744.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings plc                                                | Tronox Holdings plc                                                | CUSIP: G9087Q102<br>LEI: 549300CETSUM5VPXRJ98 | Long             | EC               | CORP              | GB        |     50000 | NS      | $208500.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp.                                                          | UGI Corp.                                                          | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    138979 | NS      | $5201983.97   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vectrus, Inc.                                                      | Vectrus, Inc.                                                      | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27802 | NS      | $1516599.10   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy, Inc.                                                 | Viper Energy, Inc.                                                 | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56325 | NS      | $2175834.75   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp.                                                      | Vontier Corp.                                                      | CUSIP: 928881101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     99610 | NS      | $3703499.80   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Vox Royalty Corp.                                                  | Vox Royalty Corp.                                                  | CUSIP: 92919F103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     66976 | NS      | $317466.24    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.                                     | Wyndham Hotels & Resorts, Inc.                                     | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     10091 | NS      | $762475.96    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** Ancora Trust

**Signature:** /s/ Bradley Zucker

**Name of Signer:** Bradley Zucker

**Title:** President, Treasurer and Secretary