# EDGAR Filing Document

**Accession Number:** 0001196878
**File Stem:** 0001413042-26-000126
**Filing Date:** 2026-2
**Character Count:** 20508
**Document Hash:** 2cb5fa57a1bf6e94d32eb7ab990370d6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-26-000126.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0001413042-26-000126

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PARADIGM FUNDS
- **CENTRAL INDEX KEY:** 0001196878

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21233
- **FILM NUMBER:** 26670933

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

## Series and Classes Contracts Data

### Paradigm Value Fund (Series ID: S000005314)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000014505 | Paradigm Value Fund | PVFAX           |

## 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 Value Fund

- **b. EDGAR series identifier (if any):** S000005314

- **c. LEI of Series:** 549300NPWLUY0KJ0VJ69

**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:** $46717951.69

**Total Liabilities:** $119482.50

**Net Assets:** $46598469.19

**Cash Not Reported:** $130.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000014505 | -1.64%               | 3.13%                | -0.43%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $560620.00               | $-1330184.71                               |
| Month 2  | $0.00                    | $1475999.00                                |
| Month 3  | $-1191901.58             | $965459.00                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| A10 Networks, Inc.                                                                       | A10 Networks, Inc.                                                 | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |    109600 | NS      | $1938824.00   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corporation                                                               | Addus HomeCare Corporation                                         | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     17800 | NS      | $1911542.00   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holdings, Inc.                                                                    | ADTRAN Holdings, Inc.                                              | CUSIP: 00486H105<br>LEI: 549300XWTHXJVGKWU616 | Long             | EC               | CORP              | US        |     60000 | NS      | $521400.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters, Inc.                                                          | American Eagle Outfitters, Inc.                                    | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     67600 | NS      | $1782612.00   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta, Inc.                                                                             | Azenta, Inc.                                                       | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     26800 | NS      | $891368.00    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corporation                                                                       | Banner Corporation                                                 | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6000 | NS      | $375960.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corporation                                                                   | Concentrix Corporation                                             | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |      5900 | NS      | $245322.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Consensus Cloud Solutions, Inc.                                                          | Consensus Cloud Solutions, Inc.                                    | CUSIP: 20848V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6666 | NS      | $145452.12    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Dentsply Sirona, Inc.                                                                    | Dentsply Sirona, Inc.                                              | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |    140000 | NS      | $1600200.00   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group, Inc.                                                                        | EMCOR Group, Inc.                                                  | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      5700 | NS      | $3487203.00   | 7.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Enviri Corporation                                                                       | Enviri Corporation                                                 | CUSIP: 415864107<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | EC               | CORP              | US        |    100000 | NS      | $1792000.00   | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks, Inc.                                                                   | Extreme Networks, Inc.                                             | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     40000 | NS      | $666000.00    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                                                                 | Fabrinet (Thailand)                                                | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      3000 | NS      | $1365840.00   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corporation                                                              | First Merchants Corporation                                        | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |     32000 | NS      | $1199360.00   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp.                                                                               | GATX Corp.                                                         | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |      5800 | NS      | $983680.00    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust - Goldman Sachs Financial Square Government Fund Institutional Class | Goldman Sachs Financial Square Government Fund Institutional Class | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |    496311 | NS      | $496310.63    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises, Inc.                                                                | Insight Enterprises, Inc.                                          | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     24064 | NS      | $1960494.08   | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Lifesciences Holdings Corporation                                                | Integra Lifesciences Holdings Corporation                          | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |     80000 | NS      | $993600.00    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| J.Jill, Inc.                                                                             | J Jill, Inc.                                                       | CUSIP: 46620W201<br>LEI: 529900I19PJIF8MIDL12 | Long             | EC               | CORP              | US        |     20000 | NS      | $274400.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil, Inc.                                                                              | Jabil, Inc.                                                        | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      4000 | NS      | $912080.00    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc.                                                                              | Kadant Inc.                                                        | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      3200 | NS      | $912064.00    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc.                                                                              | Kforce Inc.                                                        | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |     35200 | NS      | $1088384.00   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc.                                                          | Kulicke & Soffa Industries Inc. (Singapore)                        | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     44600 | NS      | $2031976.00   | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterBrand, Inc.                                                                        | MasterBrand, Inc.                                                  | CUSIP: 57638P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80000 | NS      | $883200.00    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities Inc.                                                   | Mid-America Apartment Communities Inc.                             | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     10450 | NS      | $1451609.50   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corporation                                                       | National Bank Holdings Corporation - Class A                       | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9000 | NS      | $342090.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                                                                     | Onto Innovation Inc.                                               | CUSIP: 683344105<br>LEI: 549300V1USTYXJ7TNR79 | Long             | EC               | CORP              | US        |      4000 | NS      | $631440.00    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthofix Medical Inc.                                                                    | Orthofix Medical Inc.                                              | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80000 | NS      | $1212800.00   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennant Group, Inc.                                                                      | Pennant Group, Inc.                                                | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |     20000 | NS      | $563000.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corporation                                                            | Primoris Services Corporation                                      | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      5000 | NS      | $620700.00    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo, Inc.                                                                              | Qorvo, Inc.                                                        | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     11700 | NS      | $988767.00    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corporation                                                                  | QuidelOrtho Corporation                                            | CUSIP: 74838J101<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     31200 | NS      | $891072.00    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet, Inc.                                                                             | RadNet, Inc.                                                       | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     27700 | NS      | $1976395.00   | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corporation                                                                     | Renasant Corporation                                               | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |     22000 | NS      | $774840.00    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity, Inc.                                                                            | Revvity, Inc.                                                      | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |     12500 | NS      | $1209375.00   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corporation                                                        | Sensient Technologies Corporation                                  | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     17500 | NS      | $1644125.00   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corporation                                                                    | TD SYNNEX Corporation                                              | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     10832 | NS      | $1627291.36   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Tactile Systems Technology, Inc.                                                         | Tactile Systems Technology Inc.                                    | CUSIP: 87357P100<br>LEI: 54930069VDTITHOTKJ98 | Long             | EC               | CORP              | US        |     60000 | NS      | $1740000.00   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| The Ensign Group, Inc.                                                                   | The Ensign Group, Inc.                                             | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      6000 | NS      | $1045200.00   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc.                                                                   | Veeco Instruments Inc.                                             | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     30000 | NS      | $857400.00    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corporation                                                               | Xerox Holdings Corporation                                         | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |    160000 | NS      | $379200.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| j2 Global, Inc.                                                                          | Ziff Davis, Inc.                                                   | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |      7200 | NS      | $253080.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-23

**Name of Applicant:** Paradigm Funds

**Signature:** /s/ Peter J. McMillen

**Name of Signer:** Peter J. McMillen

**Title:** Chief Financial Officer