# Teton Advisors, Inc.

> Institutional holdings reported to the SEC as of Q2 2025 on Form 13F. CIK 1444874. Source: https://holderbook.com/funds/1444874-teton-advisors-inc/

- Reported value: $164.3M
- Positions: 184
- Weight of the ten largest: 25.0%
- Filed: 2025-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| DUCOMMUN INC DEL | [DCO](https://holderbook.com/stocks/DCO/) | $7.1M | 86,500 | 4.3% | 27 |
| NATHANS FAMOUS INC | [NATH](https://holderbook.com/stocks/NATH/) | $5.6M | 50,397 | 3.4% | 27 |
| MYERS INDS INC | [MYE](https://holderbook.com/stocks/MYE/) | $4.7M | 327,000 | 2.9% | 27 |
| ASTRONICS CORP | [ATRO](https://holderbook.com/stocks/ATRO/) | $3.9M | 117,000 | 2.4% | 27 |
| GENCOR INDS INC | [GENC](https://holderbook.com/stocks/GENC/) | $3.6M | 257,400 | 2.2% | 27 |
| DISTRIBUTION SOLUTIONS GRP I | [DSGR](https://holderbook.com/stocks/DSGR/) | $3.4M | 124,791 | 2.1% | 27 |
| GIBRALTAR INDS INC | [ROCK](https://holderbook.com/stocks/ROCK/) | $3.3M | 56,000 | 2.0% | 27 |
| FOSTER L B CO | [FSTR](https://holderbook.com/stocks/FSTR/) | $3.3M | 149,837 | 2.0% | 27 |
| EASTERN CO | [EML](https://holderbook.com/stocks/EML/) | $3.3M | 143,165 | 2.0% | 27 |
| GOLDEN ENTMT INC | [GDEN](https://holderbook.com/stocks/GDEN/) | $2.9M | 98,000 | 1.8% | 27 |
| CAPITAL CITY BANK | [CCBG](https://holderbook.com/stocks/CCBG/) | $2.8M | 71,500 | 1.7% | 27 |
| PARK-OHIO HLDGS CORP | [PKOH](https://holderbook.com/stocks/PKOH/) | $2.8M | 157,000 | 1.7% | 27 |
| CTS CORP | [CTS](https://holderbook.com/stocks/CTS/) | $2.8M | 65,200 | 1.7% | 27 |
| ASTEC INDS INC | [ASTE](https://holderbook.com/stocks/ASTE/) | $2.6M | 61,400 | 1.6% | 27 |
| ALLIENT INC | [ALNT](https://holderbook.com/stocks/ALNT/) | $2.5M | 70,000 | 1.5% | 25 |
| EXELIXIS INC | [EXEL](https://holderbook.com/stocks/EXEL/) | $2.3M | 52,200 | 1.4% | 27 |
| RUSH ENTERPRISES INC | [RUSHB](https://holderbook.com/stocks/RUSHB/) | $2.3M | 43,800 | 1.4% | 27 |
| RGC RES INC | [RGCO](https://holderbook.com/stocks/RGCO/) | $2.2M | 97,130 | 1.3% | 27 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $2.1M | 16,000 | 1.3% | 27 |
| MARINE PRODS CORP | [MPX](https://holderbook.com/stocks/MPX/) | $2.1M | 244,000 | 1.3% | 27 |
| CALAVO GROWERS INC | [CVGW](https://holderbook.com/stocks/CVGW/) | $2.0M | 76,000 | 1.2% | 27 |
| INNOVATIVE SOLUTIONS & SUPPO | [ISSC](https://holderbook.com/stocks/ISSC/) | $2.0M | 142,000 | 1.2% | 27 |
| FLUSHING FINL CORP | [FFIC](https://holderbook.com/stocks/FFIC/) | $1.9M | 163,000 | 1.2% | 27 |
| LIMONEIRA CO | [LMNR](https://holderbook.com/stocks/LMNR/) | $1.8M | 118,000 | 1.1% | 27 |
| GRAHAM CORP | [GHM](https://holderbook.com/stocks/GHM/) | $1.8M | 35,400 | 1.1% | 27 |
| INSPIRED ENTMT INC | [INSE](https://holderbook.com/stocks/INSE/) | $1.7M | 213,000 | 1.1% | 27 |
| GORMAN RUPP CO | [GRC](https://holderbook.com/stocks/GRC/) | $1.7M | 47,200 | 1.1% | 27 |
| TITAN MACHY INC | [TITN](https://holderbook.com/stocks/TITN/) | $1.7M | 86,000 | 1.0% | 27 |
| STELLAR BANCORP INC | [STEL](https://holderbook.com/stocks/STEL/) | $1.6M | 56,000 | 1.0% | 11 |
| CORE MOLDING TECHNOLOGIES IN | [CMT](https://holderbook.com/stocks/CMT/) | $1.5M | 92,690 | 0.9% | 27 |
| TEJON RANCH CO | [TRC](https://holderbook.com/stocks/TRC/) | $1.4M | 84,000 | 0.9% | 27 |
| STRATTEC SEC CORP | [STRT](https://holderbook.com/stocks/STRT/) | $1.4M | 22,600 | 0.9% | 1 |
| ANTERIX INC | [ATEX](https://holderbook.com/stocks/ATEX/) | $1.3M | 50,000 | 0.8% | 19 |
| NAVIGATOR HLDGS LTD | [NVGS](https://holderbook.com/stocks/NVGS/) | $1.2M | 86,800 | 0.7% | 27 |
| VALUE LINE INC | [VALU](https://holderbook.com/stocks/VALU/) | $1.2M | 31,300 | 0.7% | 27 |
| AMERICAN OUTDOOR BRANDS INC | [AOUT](https://holderbook.com/stocks/AOUT/) | $1.2M | 116,500 | 0.7% | 15 |
| INFUSYSTEM HLDGS INC | [INFU](https://holderbook.com/stocks/INFU/) | $1.2M | 190,000 | 0.7% | 27 |
| MARCUS CORP DEL | [MCS](https://holderbook.com/stocks/MCS/) | $1.2M | 69,000 | 0.7% | 27 |
| CASELLA WASTE SYS INC | [CWST](https://holderbook.com/stocks/CWST/) | $1.1M | 9,910 | 0.7% | 27 |
| YORK WTR CO | [YORW](https://holderbook.com/stocks/YORW/) | $1.1M | 36,160 | 0.7% | 27 |
| MYR GROUP INC | [MYRG](https://holderbook.com/stocks/MYRG/) | $1.1M | 6,000 | 0.7% | 27 |
| GRAY MEDIA INC | [GTN](https://holderbook.com/stocks/GTN/) | $1.1M | 236,740 | 0.7% | 27 |
| MITEK SYS INC | [MITK](https://holderbook.com/stocks/MITK/) | $1.1M | 108,000 | 0.7% | 27 |
| TREDEGAR CORP | [TG](https://holderbook.com/stocks/TG/) | $1.1M | 119,500 | 0.6% | 27 |
| ARLO TECHNOLOGIES INC | [ARLO](https://holderbook.com/stocks/ARLO/) | $1.1M | 62,000 | 0.6% | 23 |
| ARTESIAN RES CORP | [ARTNA](https://holderbook.com/stocks/ARTNA/) | $1.1M | 31,320 | 0.6% | 27 |
| ATLANTIC UN BANKSHARES CORP | [AUB](https://holderbook.com/stocks/AUB/) | $1.0M | 33,500 | 0.6% | 25 |
| F N B CORP | [FNB](https://holderbook.com/stocks/FNB/) | $1.0M | 71,000 | 0.6% | 27 |
| LEGACY HOUSING CORP | [LEGH](https://holderbook.com/stocks/LEGH/) | $1.0M | 45,000 | 0.6% | 27 |
| STANDARD MTR PRODS INC | [SMP](https://holderbook.com/stocks/SMP/) | $998.4K | 32,500 | 0.6% | 27 |
| ULTRALIFE CORP | [ULBI](https://holderbook.com/stocks/ULBI/) | $989.6K | 110,200 | 0.6% | 27 |
| ULTRA CLEAN HLDGS INC | [UCTT](https://holderbook.com/stocks/UCTT/) | $981.8K | 43,500 | 0.6% | 27 |
| CONSOLIDATED WATER CO INC | [CWCO](https://holderbook.com/stocks/CWCO/) | $975.6K | 32,500 | 0.6% | 27 |
| I3 VERTICALS INC | [IIIV](https://holderbook.com/stocks/IIIV/) | $961.8K | 35,000 | 0.6% | 27 |
| GRAY MEDIA INC | [GTNA](https://holderbook.com/stocks/GTNA/) | $944.8K | 87,000 | 0.6% | 27 |
| WASHINGTON TR BANCORP INC | [WASH](https://holderbook.com/stocks/WASH/) | $941.2K | 33,280 | 0.6% | 27 |
| FRP HLDGS INC | [FRPH](https://holderbook.com/stocks/FRPH/) | $941.1K | 35,000 | 0.6% | 27 |
| TOWNSQUARE MEDIA INC | [TSQ](https://holderbook.com/stocks/TSQ/) | $925.5K | 117,000 | 0.6% | 27 |
| RENASANT CORP | [RNST](https://holderbook.com/stocks/RNST/) | $917.3K | 25,530 | 0.6% | 11 |
| CALIFORNIA WTR SVC GROUP | [CWT](https://holderbook.com/stocks/CWT/) | $912.3K | 20,060 | 0.6% | 27 |
| NEOGEN CORP | [NEOG](https://holderbook.com/stocks/NEOG/) | $889.8K | 186,160 | 0.5% | 27 |
| OIL DRI CORP AMER | [ODC](https://holderbook.com/stocks/ODC/) | $884.9K | 15,000 | 0.5% | 27 |
| SILVERCREST ASSET MGMT GROUP | [SAMG](https://holderbook.com/stocks/SAMG/) | $878.6K | 55,400 | 0.5% | 27 |
| MOVADO GROUP INC | [MOV](https://holderbook.com/stocks/MOV/) | $870.8K | 57,100 | 0.5% | 27 |
| SCRIPPS E W CO OHIO | [SSP](https://holderbook.com/stocks/SSP/) | $870.2K | 296,000 | 0.5% | 27 |
| TWIN DISC INC | [TWIN](https://holderbook.com/stocks/TWIN/) | $869.8K | 98,500 | 0.5% | 27 |
| PARK AEROSPACE CORP | [PKE](https://holderbook.com/stocks/PKE/) | $849.3K | 57,500 | 0.5% | 24 |
| VISHAY PRECISION GROUP INC | [VPG](https://holderbook.com/stocks/VPG/) | $844.0K | 30,035 | 0.5% | 22 |
| IMAX CORP | [IMAX](https://holderbook.com/stocks/IMAX/) | $838.8K | 30,000 | 0.5% | 11 |
| FS BANCORP INC | [FSBW](https://holderbook.com/stocks/FSBW/) | $827.0K | 21,000 | 0.5% | 27 |
| WATERSTONE FINL INC MD | [WSBF](https://holderbook.com/stocks/WSBF/) | $814.8K | 59,000 | 0.5% | 27 |
| BADGER METER INC | [BMI](https://holderbook.com/stocks/BMI/) | $796.1K | 3,250 | 0.5% | 27 |
| MSA SAFETY INC | [MSA](https://holderbook.com/stocks/MSA/) | $787.4K | 4,700 | 0.5% | 27 |
| LIFETIME BRANDS INC | [LCUT](https://holderbook.com/stocks/LCUT/) | $759.9K | 149,000 | 0.5% | 27 |
| READING INTL INC | [RDIB](https://holderbook.com/stocks/RDIB/) | $727.0K | 75,030 | 0.4% | 27 |
| OPENLANE INC | [OPLN](https://holderbook.com/stocks/OPLN/) | $709.0K | 29,000 | 0.4% | 27 |
| ZIMVIE INC | [ZIMV](https://holderbook.com/stocks/ZIMV/) | $701.2K | 75,000 | 0.4% | 7 |
| A10 NETWORKS INC | [ATEN](https://holderbook.com/stocks/ATEN/) | $696.6K | 36,000 | 0.4% | 27 |
| WILLDAN GROUP INC | [WLDN](https://holderbook.com/stocks/WLDN/) | $687.6K | 11,000 | 0.4% | 27 |
| SOUTHERN FIRST BANCSHARES | [SFST](https://holderbook.com/stocks/SFST/) | $684.5K | 18,000 | 0.4% | 27 |
| TENNANT CO | [TNC](https://holderbook.com/stocks/TNC/) | $674.1K | 8,700 | 0.4% | 27 |
| SKYWATER TECHNOLOGY INC | [SKYT](https://holderbook.com/stocks/SKYT/) | $644.4K | 65,484 | 0.4% | 9 |
| HAWKINS INC | [HWKN](https://holderbook.com/stocks/HWKN/) | $639.5K | 4,500 | 0.4% | 27 |
| WESTERN NEW ENG BANCORP INC | [WNEB](https://holderbook.com/stocks/WNEB/) | $618.4K | 67,000 | 0.4% | 27 |
| FEDERAL SIGNAL CORP | [FSS](https://holderbook.com/stocks/FSS/) | $617.2K | 5,800 | 0.4% | 27 |
| KIMBALL ELECTRONICS INC | [KE](https://holderbook.com/stocks/KE/) | $615.4K | 32,000 | 0.4% | 27 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $592.8K | 1,000 | 0.4% | 27 |
| 1 800 FLOWERS COM INC | [FLWS](https://holderbook.com/stocks/FLWS/) | $590.4K | 120,000 | 0.4% | 27 |
| MEDALLION FINANCIAL CORP | [MFIN](https://holderbook.com/stocks/MFIN/) | $586.1K | 61,500 | 0.4% | 27 |
| WINNEBAGO INDS INC | [WGO](https://holderbook.com/stocks/WGO/) | $580.0K | 20,000 | 0.4% | 27 |
| BELLRING BRANDS INC | [BRBR](https://holderbook.com/stocks/BRBR/) | $579.3K | 10,000 | 0.4% | 14 |
| OPTION CARE HEALTH INC | [OPCH](https://holderbook.com/stocks/OPCH/) | $564.1K | 17,368 | 0.3% | 22 |
| PPL CAP FDG INC | - | $539.9K | 500,000 | 0.3% | 6 |
| ARKO CORP | [ARKO](https://holderbook.com/stocks/ARKO/) | $528.8K | 125,000 | 0.3% | 5 |
| FARMERS NATIONAL BANC CORP | [FMNB](https://holderbook.com/stocks/FMNB/) | $521.3K | 37,800 | 0.3% | 27 |
| STEEL PARTNERS HLDGS L P | [SPLP](https://holderbook.com/stocks/SPLP/) | $514.1K | 13,000 | 0.3% | 27 |
| PITNEY BOWES INC | [PBI](https://holderbook.com/stocks/PBI/) | $490.9K | 45,000 | 0.3% | 11 |
| GAMBLING COM GROUP LIMITED | [GAMB](https://holderbook.com/stocks/GAMB/) | $475.6K | 40,000 | 0.3% | 16 |
| UNIVERSAL TECHNICAL INST INC | [UTI](https://holderbook.com/stocks/UTI/) | $474.5K | 14,000 | 0.3% | 27 |
| GARRETT MOTION INC | [GTX](https://holderbook.com/stocks/GTX/) | $472.9K | 45,000 | 0.3% | 13 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2025 | +9.4% | +10.5% | -1.0% | 96% |
| Q1 2025 | -8.6% | -4.6% | -4.0% | 98% |
| Q4 2024 | -0.7% | +2.1% | -2.8% | 97% |
| Q3 2024 | +7.9% | +5.4% | +2.5% | 97% |
| Q2 2024 | -8.2% | +4.0% | -12.2% | 96% |
| Q1 2024 | +5.2% | +10.0% | -4.9% | 97% |
| Q4 2023 | +11.8% | +11.2% | +0.6% | 95% |
| Q3 2023 | -4.2% | -3.6% | -0.7% | 94% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2025 | $164.3M | 184 |
| Q1 2025 | $160.0M | 183 |
| Q4 2024 | $195.1M | 190 |
| Q3 2024 | $223.9M | 203 |
| Q2 2024 | $239.4M | 215 |
| Q1 2024 | $283.8M | 225 |
| Q4 2023 | $305.8M | 228 |
| Q3 2023 | $322.9M | 235 |
| Q2 2023 | $358.8M | 247 |
| Q1 2023 | $376.5M | 264 |
| Q4 2022 | $390.2M | 271 |
| Q3 2022 | $412.8M | 279 |