# EDGAR Filing Document

**Accession Number:** 0001196878
**File Stem:** 0001413042-23-000127
**Filing Date:** 2023-2
**Character Count:** 20882
**Document Hash:** 828e34ed92a947de9526108543b05a35
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-23-000127.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001413042-23-000127

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PARADIGM FUNDS
- **CENTRAL INDEX KEY:** 0001196878
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** OH

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21233
- **FILM NUMBER:** 23645887

**BUSINESS ADDRESS:**
- **STREET 1:** NINE ELK STREET
- **CITY:** ALBANY
- **STATE:** NY
- **ZIP:** 12207
- **BUSINESS PHONE:** 5184313516

## Series and Classes Contracts Data

### Paradigm Select Fund (Series ID: S000005316)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000014507 | Paradigm Select Fund | PFSLX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-21233

- **c. CIK number of Registrant:** 0001196878

- **d. LEI of Registrant:** 549300PJ2B0KCKLXZR09

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

  - **Street Address 1:** NINE ELK STREET

  - **City:** ALBANY

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 12207

  - **Telephone number:** 518-431-3500

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

- **a. Name of Series:** Paradigm Select Fund

- **b. EDGAR series identifier (if any):** S000005316

- **c. LEI of Series:** 549300MOWYRO1YRYAC56

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $93721151.11

**Total Liabilities:** $230425.92

**Net Assets:** $93490725.19

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000014507 | 7.25%                | 7.62%                | -4.70%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-43681.61               | $6405138.69                                |
| Month 2  | $-798981.13              | $7817654.53                                |
| Month 3  | $1345712.90              | $-6067968.78                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Allegheny Technologies Incorporated                          | ATI, Inc.                                      | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     15750 | NS      | $470295.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters, Inc.                              | American Eagle Outfitters, Inc.                | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     68000 | NS      | $949280.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc.                                | American Financial Group Inc.                  | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      6450 | NS      | $885456.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co., Inc.                                           | Best Buy Co., Inc.                             | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     40700 | NS      | $3264547.00   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Knight, Inc.                                           | Black Knight, Inc.                             | CUSIP: 09215C105<br>LEI: 549300TUSNXS3BFFML48 | Long             | EC               | CORP              | US        |      1809 | NS      | $111705.75    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Company                                        | Boise Cascade Company                          | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     43300 | NS      | $2973411.00   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource, Inc.                                   | Builders FirstSource, Inc.                     | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     78600 | NS      | $5099568.00   | 5.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cannae Holdings, Inc.                                        | Cannae Holdings, Inc.                          | CUSIP: 13765N107<br>LEI: 549300OGRF1ICI7D2V77 | Long             | EC               | CORP              | US        |      6700 | NS      | $138355.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation                             | Carpenter Technology Corporation               | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     13800 | NS      | $509772.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp.                                               | Coherent Corp.                                 | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     50000 | NS      | $1755000.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Consensus Cloud Solutions, Inc.                              | Consensus Cloud Solutions, Inc.                | CUSIP: 20848V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11100 | NS      | $596736.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Incorporated                                        | Ducommun Incorporated                          | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |     31300 | NS      | $1563748.00   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group, Inc.                                            | EMCOR Group, Inc.                              | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     35100 | NS      | $5198661.00   | 5.56%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                                      | EnerSys                                        | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |     22000 | NS      | $1624480.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris, Inc.                                               | Entegris, Inc.                                 | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     20000 | NS      | $1311800.00   | 1.40%             |  |  |  | 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        |       401 | NS      | $8028.01      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.                            | Fidelity National Financial, Inc               | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      5900 | NS      | $221958.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Foot Locker, Inc.                                            | Foot Locker, Inc.                              | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |     74800 | NS      | $2826692.00   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd.                                                  | Garmin Ltd. (Switzerland)                      | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |     18100 | NS      | $1670449.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical, Inc.                                         | Globus Medical, Inc. Class A                   | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     91100 | NS      | $6765997.00   | 7.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand, Inc.                                            | Hillenbrand, Inc.                              | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     14600 | NS      | $622982.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC/InterActiveCorp.                                         | IAC/InterActiveCorp.                           | CUSIP: 44891N208<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     14900 | NS      | $661560.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises, Inc.                                    | Insight Enterprises, Inc.                      | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     11700 | NS      | $1173159.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Circuit, Inc.                                          | Jabil, Inc.                                    | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     31800 | NS      | $2168760.00   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Kelly Services, Inc.                                         | Kelly Services, Inc. - Class A                 | CUSIP: 488152208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98825 | NS      | $1670142.50   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc.                                                  | Kforce Inc.                                    | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |     75200 | NS      | $4123216.00   | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc.                              | Kulicke & Soffa Industries Inc. (Singapore)    | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     95400 | NS      | $4222404.00   | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc.                                       | Lumentum Holdings Inc.                         | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     24600 | NS      | $1283382.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments, Inc.                                        | MKS Instruments, Inc.                          | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     22900 | NS      | $1940317.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Group Ltd.                                | Marvell Technology, Inc.                       | CUSIP: 573874104<br>LEI: 8DF36O58U3QIHUCGZB18 | Long             | EC               | CORP              | US        |     75700 | NS      | $2803928.00   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corporation                                           | Masimo Corporation                             | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |     10200 | NS      | $1509090.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| MaxLinear, Inc.                                              | MaxLinear, Inc.                                | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |     48400 | NS      | $1643180.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities Inc.                       | Mid-America Apartment Communities Inc.         | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |      8400 | NS      | $1318716.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera, Inc.                                                 | Natera, Inc.                                   | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62600 | NS      | $2514642.00   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell, Inc.                                               | Omnicell, Inc.                                 | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |     30000 | NS      | $1512600.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                                         | Onto Innovation Inc.                           | CUSIP: 683344105<br>LEI: 549300V1USTYXJ7TNR79 | Long             | EC               | CORP              | US        |     18300 | NS      | $1246047.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| PerkinElmer, Inc.                                            | PerkinElmer, Inc.                              | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |     33300 | NS      | $4669326.00   | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corporation                                | Progress Software Corporation                  | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     32100 | NS      | $1619445.00   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo, Inc.                                                  | Qorvo, Inc.                                    | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     12800 | NS      | $1160192.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation                                    | Regal Rexnord Corp.                            | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     12200 | NS      | $1463756.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Daily Income Trust - SDIT Short Duration Government Fund | SEI Daily Income Trust Government Fund Class F | CUSIP: 783965593<br>LEI: 549300NRAJ39MCMGSN10 | Long             | STIV             | RF                | US        |   2897055 | NS      | $2897055.31   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corporation                            | Sensient Technologies Corporation              | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     25700 | NS      | $1874044.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Motion Technology Corporation                        | Silicon Motion Technology Corporation ADR      | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | US        |     10000 | NS      | $649900.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                                     | Skyworks Solutions, Inc.                       | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     25000 | NS      | $2278250.00   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Materials, Inc.                                       | Summit Materials, Inc. - Class A               | CUSIP: 86614U100<br>LEI: 549300C97P3BW8QROE16 | Long             | EC               | CORP              | US        |       551 | NS      | $15637.21     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corporation                                        | TD SYNNEX Corporation                          | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     23100 | NS      | $2187801.00   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne, Inc.                                               | Teradyne, Inc.                                 | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     35600 | NS      | $3109660.00   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| The Ensign Group, Inc.                                       | The Ensign Group, Inc.                         | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     17100 | NS      | $1617831.00   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexnord Corporation                                          | Zurn Elkay Water Solutions Corp.               | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     82400 | NS      | $1742760.00   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-20

**Name of Applicant:** Paradigm Funds

**Signature:** /s/ Robert A. Benton

**Name of Signer:** Robert A. Benton

**Title:** Chief Financial Officer