SEC 13F Intelligence

Managers / Q4 2025

PERRITT CAPITAL MANAGEMENT INC

CIK 0001279342 · 300 SOUTH WACKER DRIVE, SUITE 2880, CHICAGO, IL, 60606 · 3126691650

Reported Value
$60M
Q4 2025
Positions
79
Filings on Record
31
2019–present window
Filed
Feb 17, 2026
original filing

Summary

Perritt Capital Management Inc reported $60M in U.S.-listed holdings across 79 positions for Q4 2025.

Its largest position, BELFB, represents 4.0% of the portfolio.

Compared with Q3 2025, the fund opened 2 new positions and exited 236.

Portfolio Metrics

Turnover
+4.2%
vs prior filed quarter
Top-10 Concentration
+31.4%
share of reported value
Largest Position
+4.0%
Bel Fuse
New / Exited
2 / 236
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $262MQ4 ’18Q1 ’19: $267MQ2 ’19: $253MQ3 ’19: $236MQ4 ’19: $208MQ4 ’19Q1 ’20: $122MQ2 ’20: $134MQ3 ’20: $135MQ4 ’20: $164MQ4 ’20Q1 ’21: $183MQ2 ’21: $192MQ3 ’21: $182MQ4 ’21: $193MQ4 ’21Q1 ’22: $185MQ2 ’22: $165MQ3 ’22: $157MQ4 ’22: $175MQ4 ’22Q1 ’23: $179MQ2 ’23: $183MQ3 ’23: $173MQ4 ’23: $179MQ4 ’23Q1 ’24: $185MQ2 ’24: $183MQ3 ’24: $195MQ4 ’24: $192MQ4 ’24Q1 ’25: $181MQ2 ’25: $194MQ3 ’25: $211MQ4 ’25: $60MQ4 ’25filingsflow.com

Portfolio Composition

By security type
Common Stock: 96.5%Other: 2.2%REIT: 1.3%
  • Common Stock · 96.5% · $58M
  • Other · 2.2% · $1M
  • REIT · 1.3% · $778,441

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AH30ASSERTIO HOLDINGS INCNEW+19.0K19.0K+$172,330$172,330
AYTUAYTU BIOPHARMA INCNEW+20.0K20.0K+$52,000$52,000
PAYSPAYSIGN INCADDED+60.0K80.0K+$286,200$412,000
ISHARES CORE DIVIDEND GROWTH ETFSOLD OUT−169.1K0−$12M$0
STATE STREET SPDR S&P 600 SMALL CAP VALUE ETFSOLD OUT−126.5K0−$11M$0
VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETFSOLD OUT−116.5K0−$10M$0
SPDR S&P 500 ETFSOLD OUT−15.6K0−$10M$0
DFIVDIMENSIONAL ETF TRUSTSOLD OUT−203.5K0−$9M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BELFBBEL FUSE INChistory →CL B3.99%$2M14.1K
2ASMAVINO SILVER & GOLD MINES LTDhistory →COM3.63%$2M350.0K
3PESIPERMA-FIX ENVIRONMENTAL SERVICES INC.history →COM3.50%$2M166.3K
4SAMGSILVERCREST ASSET MGMT GROUPhistory →COM CL A3.26%$2M128.4K
5EDRENDEAVOUR SILVER CORPhistory →COM3.24%$2M206.4K
6RLGTRADIANT LOGISTICS INChistory →COM NEW3.02%$2M285.7K
7MUXMCEWEN INC.history →COM NEW2.77%$2M89.5K
8NPKINPK INTERNATIONAL INChistory →COM NEW2.76%$2M138.5K
9EZPWEZCORP INC CL A NON VTGhistory →COM2.61%$2M80.4K
10NWPXNORTHWEST PIPE COhistory →COM2.58%$2M24.7K
11PLABPHOTRONICS INChistory →COM2.48%$1M46.3K
12LEGHLEGACY HOUSING CORPhistory →COM2.34%$1M71.7K
13NTICNORTHERN TECHNOLOGIES INTERNATIONAL CORPhistory →COM2.22%$1M169.8K
14GROWU S GLOBAL INVS INCORPORAhistory →COM CLASS A2.11%$1M523.0K
15RSSSRESEARCH SOLUTIONS INChistory →COM1.75%$1M356.8K
16BKTIBK TECHNOLOGIES CORPORATIONhistory →COM1.75%$1M14.0K
17MLRMILLER INDS INC TENNhistory →COM1.66%$994,28726.6K
18LYTSLSI INDS INC OHIOhistory →COM1.62%$968,28552.9K
19VMDVIEMED HEALTHCARE INChistory →COM1.62%$966,643130.1K
20LINCLINCOLN EDL SVCS CORPhistory →COM1.57%$937,02038.8K
21DLHCDLH HLDGS CORPhistory →COM1.55%$927,730164.2K
22IIIINFORMATION SVCS GROUP INChistory →CL B1.54%$921,562159.4K
23ORNORION GROUP HLDGS INChistory →COM NEW1.46%$870,74487.6K
24INFUINFUSYSTEM HLDGS INChistory →CL B NEW1.45%$868,29696.8K
25MITKMITEK SYS INC COMhistory →COM1.31%$782,45174.2K
26BWMNBOWMAN CONSULTING GROUP LTDhistory →COM1.31%$782,24423.7K
27HDH1STAR EQUITY HOLDINGS INChistory →COM NEW1.25%$745,87566.3K
28GENCGENCOR INDS INChistory →COM1.24%$740,30157.1K
29FSIFLEXIBLE SOLUTIONS INTL INChistory →COM1.22%$727,645108.2K
30CECOCECO ENVIRONMENTAL CORPhistory →COM1.20%$718,20012.0K
31OOMAOOMA INChistory →COM NEW1.14%$680,34058.0K
32UTIUNIVERSAL TECHNICAL INST INChistory →COM1.12%$671,54125.7K
33IBEX LTD SHS NEWCOM1.11%$662,42317.4K
34PERION NETWORK LTDSHS NEW1.07%$637,07066.5K
35CSVCARRIAGE SVCS INChistory →COM1.06%$634,16115.0K
36CODACODA OCTOPUS GROUP INChistory →COM NEW1.05%$625,42567.3K
37EPMEVOLUTION PETE CORPhistory →COM1.03%$616,934174.3K
38CREXCREATIVE REALITIES INCCOM0.98%$586,989224.9K
39NGSNATURAL GAS SVCS GROUP INCCOM0.96%$572,05017.0K
40CCSICONSENSUS CLOUD SOLUTIONS INCCOM0.95%$567,32026.0K
41IMMRIMMERSION CORPCOM0.95%$566,44983.3K
42AVNWAVIAT NETWORKS INCCOM NEW0.94%$563,36326.4K
43USIOUSIO INCCOM0.94%$562,632413.7K
44MECMAYVILLE ENGR CO INCCOM0.94%$561,60030.0K
45TPCSTECHPRECISION CORPCOM0.93%$558,981115.7K
46NATRNATURES SUNSHINE PRODS INCCOM0.90%$539,50025.0K
47EGYVAALCO ENERGY INCCOM NEW0.89%$530,240145.7K
48AENTALLIANCE ENTERTAINMENT HOLDING COMCOM CLASS A0.88%$525,20065.0K
49DHXDICE HOLDINGS INCCOM0.85%$508,865328.3K
50SGCSUPERIOR GROUP OF CO INCCOM0.84%$504,00052.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2025$60M79Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$211M313Nov 17, 202513F-HRchanges · EDGAR ↗
Q2 2025$194M328Aug 14, 2025RESTATEMENTchanges · EDGAR ↗
Q1 2025$181M349May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$192M307Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$195M303Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$183M321Aug 7, 202413F-HRchanges · EDGAR ↗
Q1 2024$185M330May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$179M336Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$173M316Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$183M289Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$179M289May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$175M298Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$157M186Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$165M184Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$185M194May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$193M201Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$182M196Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$192M202Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$183M196May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$164M191Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$135M186Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$134M179Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$122M193May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$208M212Feb 5, 202013F-HRchanges · EDGAR ↗
Q3 2019$236M227Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$253M232Aug 13, 2019RESTATEMENTchanges · EDGAR ↗
Q1 2019$267M220May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$262M228Feb 8, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.