PERRITT CAPITAL MANAGEMENT INC
Filed a 13F-NT notice for 2026-03-31: this manager's Section 13(f) holdings are reported by another manager, so it no longer files its own holdings. Figures shown are from its last 13F-HR.
Sector Allocation
- Industrials25.8%$15.4M
- Technology24.8%$14.8M
- Materials14.8%$8.8M
- Consumer Discretionary9.8%$5.8M
- Financials7.7%$4.6M
- Healthcare7.1%$4.3M
- Utilities5.3%$3.1M
- Energy3.5%$2.1M
- Real Estate1.3%$778,441
AUM History
13fpro.ai/research/fund/perritt-capital-management-inc-1279342
Conviction and streaks
Diversifying · top 10 = 31.4%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q4 2025
BELFA
$2.4MASM
$2.2MPESI
$2.1MSAMG
$2.0MEXK
$1.9MRLGT
$1.8MMUX
$1.7MNPKI
$1.7MEZPW
$1.6MNWPX
$1.5MPLAB
$1.5MLEGH
$1.4MNTIC
$1.3MGROW
$1.3MRSSS
$1.0MBKTI
$1.0MMLR
$994KLYTS
$968KVMD
$967KLINC
$937K
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/perritt-capital-management-inc-1279342
PERRITT CAPITAL MANAGEMENT INC 13F holdings — Q4 2025
$59.8M portfolio (-71.7% QoQ) · 79 holdings · Q4 2025 13F · top 10 are 31% of the stock portfolio
$2.4M
4.0% of stocks
-0.7%This quarter+3.8%Since Q-end2+ qtrsHeld$2.2M
3.6% of stocks
-25%This quarter-22.4%Since Q-end2+ qtrsHeld$2.1M
3.5% of stocks
-5%This quarter+2.6%Since Q-end2+ qtrsHeld$2.0M
3.3% of stocks
No changeThis quarter-32.5%Since Q-end2+ qtrsHeld$1.9M
3.2% of stocks
-0.9%This quarter-16.8%Since Q-end2+ qtrsHeld$1.8M
3.0% of stocks
-8%This quarter+42.2%Since Q-end2+ qtrsHeld$1.7M
2.8% of stocks
No changeThis quarter-16.8%Since Q-end2+ qtrsHeld$1.7M
2.8% of stocks
No changeThis quarter-5.5%Since Q-end2+ qtrsHeld$1.6M
2.6% of stocks
No changeThis quarter+52.2%Since Q-end2+ qtrsHeld$1.5M
2.6% of stocks
No changeThis quarter+59.8%Since Q-end2+ qtrsHeld
All holdings — PERRITT CAPITAL MANAGEMENT INC (Q4 2025)
79 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | PHOTRONICS INC | Technology | $1.5M | 2.5% | 46K | — | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Legacy Housing Corp | Industrials | $1.4M | 2.3% | 72K | -1% | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | NORTHERN TECHNOLOGIES INTERNATIONAL CORP | Industrials | $1.3M | 2.2% | 170K | -1% | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | U S GLOBAL INVESTORS INC | Financials | $1.3M | 2.1% | 523K | — | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Research Solutions, Inc. | Industrials | $1.0M | 1.8% | 357K | — | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | BK Technologies Corp | Technology | $1.0M | 1.8% | 14K | — | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | MILLER INDUSTRIES INC /TN/ | Industrials | $994K | 1.7% | 27K | — | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | LSI INDUSTRIES INC | Technology | $968K | 1.6% | 53K | — | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | VIEMED HEALTHCARE, INC. | Healthcare | $967K | 1.6% | 130K | +4% | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | LINCOLN EDUCATIONAL SERVICES CORP | Consumer Discretionary | $937K | 1.6% | 39K | — | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | DLH Holdings Corp. | Industrials | $928K | 1.6% | 164K | -4% | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Information Services Group Inc. | Technology | $922K | 1.5% | 159K | — | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Orion Group Holdings Inc | Industrials | $871K | 1.5% | 88K | — | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | InfuSystem Holdings, Inc | Healthcare | $868K | 1.4% | 97K | — | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | MITEK SYSTEMS INC | Technology | $782K | 1.3% | 74K | +16% | 2+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $BWMN | Bowman Consulting Group Ltd. | Technology | $782K | 1.3% | 24K | — | |||
| 27 | $STRR | Star Equity Holdings, Inc. | Industrials | $746K | 1.3% | 66K | — | |||
| 28 | $GENC | GENCOR INDUSTRIES INC | Industrials | $740K | 1.2% | 57K | +15% | |||
| 29 | $FSI | FLEXIBLE SOLUTIONS INTERNATIONAL INC | Materials | $728K | 1.2% | 108K | +0.6% | |||
| 30 | $CECO | CECO ENVIRONMENTAL CORP | Industrials | $718K | 1.2% | 12K | — | |||
| 31 | $OOMA | OOMA INC | Technology | $680K | 1.1% | 58K | +45% | |||
| 32 | $UTI | UNIVERSAL TECHNICAL INSTITUTE INC | Consumer Discretionary | $672K | 1.1% | 26K | -2% | |||
| 33 | $IBEX | IBEX Ltd | Technology | $662K | 1.1% | 17K | +13% | |||
| 34 | $PERI | Perion Network Ltd. | Technology | $637K | 1.1% | 67K | +19% | |||
| 35 | $CSV | CARRIAGE SERVICES INC | Consumer Discretionary | $634K | 1.1% | 15K | +15% | |||
| 36 | $CODA | Coda Octopus Group, Inc. | Technology | $625K | 1.1% | 67K | +8% | |||
| 37 | $EPM | EVOLUTION PETROLEUM CORP | Energy | $617K | 1.0% | 174K | -1% | |||
| 38 | $CREX | CREATIVE REALITIES, INC. | Technology | $587K | 1.0% | 225K | — | |||
| 39 | $NGS | NATURAL GAS SERVICES GROUP INC | Energy | $572K | 1.0% | 17K | +13% | |||
| 40 | $CCSI | Consensus Cloud Solutions, Inc. | Technology | $567K | 0.9% | 26K | +63% | |||
| 41 | $IMMR | IMMERSION CORP | Technology | $566K | 0.9% | 83K | — | |||
| 42 | $AVNW | AVIAT NETWORKS, INC. | Technology | $563K | 0.9% | 26K | -2% | |||
| 43 | $USIO | Usio, Inc. | Financials | $563K | 0.9% | 414K | — | |||
| 44 | $MEC | Mayville Engineering Company, Inc. | Industrials | $562K | 0.9% | 30K | — | |||
| 45 | $TPCS | TECHPRECISION CORP | Industrials | $559K | 0.9% | 116K | +76% | |||
| 46 | $NATR | NATURES SUNSHINE PRODUCTS INC | Healthcare | $540K | 0.9% | 25K | — | |||
| 47 | $EGY | VAALCO ENERGY INC /DE/ | Energy | $530K | 0.9% | 146K | +2% | |||
| 48 | $AENT | ALLIANCE ENTERTAINMENT HOLDING CORP | Consumer Discretionary | $525K | 0.9% | 65K | +27% | |||
| 49 | $DHX | DHI GROUP, INC. | Industrials | $509K | 0.8% | 328K | +17% | |||
| 50 | $SGC | SUPERIOR GROUP OF COMPANIES, INC. | Consumer Discretionary | $504K | 0.8% | 52K | +21% | |||
| 51 | $SRTS | Sensus Healthcare, Inc. | Healthcare | $500K | 0.8% | 126K | — | |||
| 52 | $PCYO | PURE CYCLE CORP | Utilities | $478K | 0.8% | 44K | — | |||
| 53 | $INBK | First Internet Bancorp | Financials | $476K | 0.8% | 23K | +17% | |||
| 54 | $ASUR | ASURE SOFTWARE INC | Technology | $471K | 0.8% | 50K | +25% | |||
| 55 | $HFFG | HF Foods Group Inc. | Consumer Discretionary | $456K | 0.8% | 212K | +35% | |||
| 56 | $HGBL | Heritage Global Inc. | Industrials | $447K | 0.8% | 361K | +22% | |||
| 57 | $REFI | Chicago Atlantic Real Estate Finance, Inc. | Real Estate | $447K | 0.8% | 36K | +38% | |||
| 58 | $TWIN | TWIN DISC INC | Industrials | $417K | 0.7% | 25K | — | |||
| 59 | $PAYS | Paysign, Inc. | Industrials | $412K | 0.7% | 80K | +300% | |||
| 60 | $ULBI | ULTRALIFE CORP | Technology | $400K | 0.7% | 70K | +8% | |||
| 61 | $LAKE | LAKELAND INDUSTRIES INC | Healthcare | $389K | 0.7% | 44K | — | |||
| 62 | $ACNT | ASCENT INDUSTRIES CO. | Healthcare | $389K | 0.7% | 24K | — | |||
| 63 | $VTS | Vitesse Energy, Inc. | Energy | $385K | 0.6% | 20K | +33% | |||
| 64 | $BTMD | biote Corp. | Healthcare | $380K | 0.6% | 146K | +4% | |||
| 65 | $FFIC | FLUSHING FINANCIAL CORP | Financials | $379K | 0.6% | 25K | +25% | |||
| 66 | $MDV | MODIV INDUSTRIAL, INC. | Real Estate | $331K | 0.6% | 23K | — | |||
| 67 | $BBW | BUILD-A-BEAR WORKSHOP INC | Consumer Discretionary | $306K | 0.5% | 5,000 | — | |||
| 68 | $NTWK | NETSOL TECHNOLOGIES INC | Technology | $303K | 0.5% | 100K | +40% | |||
| 69 | $GWRS | Global Water Resources, Inc. | Utilities | $296K | 0.5% | 35K | — | |||
| 70 | $KRT | Karat Packaging Inc. | Materials | $293K | 0.5% | 13K | +30% | |||
| 71 | $PSIX | POWER SOLUTIONS INTERNATIONAL, INC. | Industrials | $286K | 0.5% | 5,000 | — | |||
| 72 | $QRHC | Quest Resource Holding Corp | Utilities | $274K | 0.5% | 147K | +62% | |||
| 73 | $PAAS | PAN AMERICAN SILVER CORP | Materials | $250K | 0.4% | 4,829 | — | |||
| 74 | $ARQ | Arq, Inc. | Materials | $245K | 0.4% | 75K | — | |||
| 75 | $VTSI | VirTra, Inc | Consumer Discretionary | $245K | 0.4% | 58K | — | |||
| 76 | $DTST | Data Storage Corp | Technology | $205K | 0.3% | 40K | — | |||
| 77 | $ASRT | Assertio Holdings, Inc. | Healthcare | $172K | 0.3% | 19K | -95% | |||
| 78 | $SKYX | SKYX Platforms Corp. | Technology | $172K | 0.3% | 80K | +14% | |||
| 79 | $AYTU | AYTU BIOPHARMA, INC | Healthcare | $52K | 0.1% | 20K | New |
What changed in Q4 2025
Against the previous quarter's 13F: 1 new, 30 added to, 12 trimmed, 235 sold out. Share-count changes; largest moves by dollar size first.
New positions (1)
$AYTUAYTU BIOPHARMA, INC$52K
first bought this quarter
Added to (30)
$PAYSPaysign, Inc.+300%
now $412K · held 2+ qtrs
$TPCSTECHPRECISION CORP+76%
now $559K · held 2+ qtrs
$CCSIConsensus Cloud Solutions, Inc.+63%
now $567K · held 2+ qtrs
$OOMAOOMA INC+45%
now $680K · held 2+ qtrs
$REFIChicago Atlantic Real Estate Finance, Inc.+38%
now $447K · held 2+ qtrs
$HFFGHF Foods Group Inc.+35%
now $456K · held 2+ qtrs
+24 more in the Excel export
Trimmed (12)
$ASRTAssertio Holdings, Inc.-95%
now $172K · held 2+ qtrs
now $2.2M · held 2+ qtrs
now $1.8M · held 2+ qtrs
now $2.1M · held 2+ qtrs
$DLHCDLH Holdings Corp.-4%
now $928K · held 2+ qtrs
now $1.4M · held 2+ qtrs
+6 more in the Excel export
Sold out (235)
- ISHARES CORE DIVIDEND GROWTH ETFwas $11.5M
- STATE STREET SPDR S&P 600 SMALL CAP VALUE ETFwas $11.2M
- VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETFwas $10.4M
$SPYSPDR S&P 500 ETF TRUSTwas $10.4M
held 7+ qtrs
- DIMENSIONAL ETF TRUSTwas $9.4M
- DIMENSIONAL ETF TRUSTwas $9.2M
+229 more in the Excel export
Holdings by quarter
Every 13F PERRITT CAPITAL MANAGEMENT INC has filed, 37 earlier quarters. Pick one to see what it held then.
Is it too late to follow PERRITT CAPITAL MANAGEMENT?
Holdings as of Dec 31, 2025 (SEC filing). Prices are closing prices as of Oct 27, 2026.
Average quality of PERRITT CAPITAL MANAGEMENT's top 20 holdings: 48/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since quarter-end
+4.4%
Value-weighted move of the 10 largest stock positions
Turnover
2%
Last quarter
Top 10 weight
31%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
0%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q3 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
PERRITT CAPITAL MANAGEMENT INC disclosed 79 positions worth $59.8M in its Form 13F-HR for Q4 2025, led by $BELFA (BEL FUSE INC /NJ) at 4.0% of the equity portfolio, followed by $ASM and $PESI. During the quarter the fund opened 1 new position and exited 235 — including a new stake in $AYTU. The portfolio is most concentrated in Industrials (25.8% of disclosed assets). All figures are sourced directly from PERRITT CAPITAL MANAGEMENT INC’s Form 13F-HR filing with the SEC under CIK 1279342.
Browse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
AI-Powered Hedge Fund Analysis: PERRITT CAPITAL MANAGEMENT INC
13F Pro is an AI hedge fund tracker and stock research platform. For PERRITT CAPITAL MANAGEMENT INC (SEC CIK: 1279342), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in PERRITT CAPITAL MANAGEMENT INC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.