NPORT-P
false
0001216907
XXXXXXXX
S000004888
C000013242
BERTOLET CAPITAL TRUST
811-21291
0001216907
549300VIVOKDUEPFO698
745 Fifth Ave.
Suite 2400
New York
10151
212-605-7100
Pinnacle Value Fund
S000004888
549300HGOX2RHMDP5044
2022-12-31
2022-09-30
N
27143903.51
834227.30
26309676.21
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1000.00
N
AstroNova, Inc.
549300TTZ4UNDNBOW441
AstroNova, Inc.
04638F108
6183.00
NS
USD
72341.10
0.27
Long
EC
CORP
US
N
1
N
N
N
Barings Participation Investor
549300BL6L2WBLZ3L146
Barings Participation Investor
06761A103
4378.00
NS
USD
49580.85
0.19
Long
EC
RF
US
N
1
N
N
N
Benchmark Electronics, Inc.
549300W18RHYZOZKOP53
Benchmark Electronics, Inc.
08160H101
5000.00
NS
USD
123900.00
0.47
Long
EC
CORP
US
N
1
N
N
N
Bristow Group, Inc.
5493005Q24EN3UC1PV68
Bristow Group, Inc.
11040G103
54667.00
NS
USD
1284127.83
4.88
Long
EC
CORP
US
N
1
N
N
N
Coda Octopus Group, Inc.
N/A
Coda Octopus Group, Inc.
19188U206
53576.00
NS
USD
289310.40
1.10
Long
EC
CORP
US
N
1
N
N
N
Costar Technologies, Inc.
N/A
Costar Technologies, Inc.
22161J206
47090.00
NS
USD
202957.90
0.77
Long
EC
CORP
US
N
1
N
N
N
Crown Crafts, Inc.
N/A
Crown Crafts, Inc.
228309100
45358.00
NS
USD
262169.24
1.00
Long
EC
CORP
US
N
1
N
N
N
Culp, Inc.
549300BIJZDD8EVS1U89
Culp, Inc.
230215105
244001.00
NS
USD
1063844.36
4.04
Long
EC
CORP
US
N
1
N
N
N
Daktronics, Inc.
549300IOLZ3SG5YUJ288
Daktronics, Inc.
234264109
178635.00
NS
USD
484100.85
1.84
Long
EC
CORP
US
N
1
N
N
N
Dorian LPG Ltd.
549300WP1W2WGMC7F395
Dorian LPG Ltd.
Y2106R110
29270.00
NS
USD
397193.90
1.51
Long
EC
CORP
MH
N
1
N
N
N
Espey Manufacturing & Electronics Corp.
N/A
Espey Manufacturing & Electronics Corp.
296650104
18123.00
NS
USD
249916.17
0.95
Long
EC
CORP
US
N
1
N
N
N
Ethan Allen Interiors, Inc.
N/A
Ethan Allen Interiors, Inc.
297602104
8353.00
NS
USD
176582.42
0.67
Long
EC
CORP
US
N
1
N
N
N
FRP Holdings, Inc.
N/A
FRP Holdings, Inc.
30292L107
1379.00
NS
USD
74962.44
0.28
Long
EC
CORP
US
N
1
N
N
N
First Acceptance Corp.
N/A
First Acceptance Corp.
318457108
101539.00
NS
USD
157385.45
0.60
Long
EC
CORP
US
N
1
N
N
N
First American Funds, Inc.
549300J5J5SJCZ9IA369
First American Government Obligation Fund Class Z
31846V567
8677744.33
NS
USD
8677744.33
32.98
Long
STIV
RF
US
N
1
N
N
N
Flexsteel Industries, Inc.
N/A
Flexsteel Industries, Inc.
339382103
4185.00
NS
USD
65704.50
0.25
Long
EC
CORP
US
N
1
N
N
N
Friedman Industries, Inc.
N/A
Friedman Industries, Inc.
358435105
33345.00
NS
USD
237082.95
0.90
Long
EC
CORP
US
N
1
N
N
N
Genworth Financial, Inc.
549300EMCG286BDNKJ33
Genworth Financial, Inc. Class A
37247D106
67738.00
NS
USD
237083.00
0.90
Long
EC
CORP
US
N
1
N
N
N
Getty Realty Corp.
N/A
Getty Realty Corp.
374297109
6207.00
NS
USD
166906.23
0.63
Long
EC
CORP
US
N
1
N
N
N
Graham Corp.
254900EI9P4LTY524J77
Graham Corp.
384556106
177135.00
NS
USD
1557016.65
5.92
Long
EC
CORP
US
N
1
N
N
N
Gulf Island Fabrication, Inc.
N/A
Gulf Island Fabrication, Inc.
402307102
432439.00
NS
USD
1803270.63
6.85
Long
EC
CORP
US
N
1
N
N
N
Healthcare Services Group, Inc.
529900GVZ1D2FBYMS719
Healthcare Services Group, Inc.
421906108
4000.00
NS
USD
48360.00
0.18
Long
EC
CORP
US
N
1
N
N
N
Heartland Express, Inc.
5299005V45FZIQGLOG39
Heartland Express, Inc.
422347104
26682.00
NS
USD
381819.42
1.45
Long
EC
CORP
US
N
1
N
N
N
Hooker Furnishings Corp.
N/A
Hooker Furnishings Corp.
439038100
10720.00
NS
USD
144612.80
0.55
Long
EC
CORP
US
N
1
N
N
N
Hope Bancorp, Inc.
549300UTF4QGMBHIZ219
Hope Bancorp, Inc.
43940T109
11007.00
NS
USD
139128.48
0.53
Long
EC
CORP
US
N
1
N
N
N
Hurco Cos., Inc.
XSC5XDOTBYOBQPOG2O82
Hurco Cos., Inc.
447324104
27413.00
NS
USD
616244.24
2.34
Long
EC
CORP
US
N
1
N
N
N
Invesco Government & Agency Portfolio
549300UJV6OHYATSFU27
Invesco Government & Agency Portfolio Institutional Class
825252885
1000000.00
NS
USD
1000000.00
3.80
Long
STIV
RF
US
N
1
N
N
N
Kimball Electronics, Inc.
549300COBYN2GZCBIU87
Kimball Electronics, Inc.
49428J109
8521.00
NS
USD
146135.15
0.56
Long
EC
CORP
US
N
1
N
N
N
Kirby Corp.
I7NO6FZO5GUCG585T325
Kirby Corp.
497266106
1500.00
NS
USD
91155.00
0.35
Long
EC
CORP
US
N
1
N
N
N
LSI Industries, Inc.
529900HY42OANH6BVT33
LSI Industries, Inc.
50216C108
4157.00
NS
USD
31967.33
0.12
Long
EC
CORP
US
N
1
N
N
N
Mercury General Corp.
5493001Q9EXPCEL4W527
Mercury General Corp.
589400100
1469.00
NS
USD
41748.98
0.16
Long
EC
CORP
US
N
1
N
N
N
Miller Industries, Inc.
549300F1O74SPUJ7UU94
Miller Industries, Inc.
600551204
7000.00
NS
USD
149030.00
0.57
Long
EC
CORP
US
N
1
N
N
N
OP Bancorp
549300WOJCNL7B110W30
OP Bancorp
67109R109
15112.00
NS
USD
168045.44
0.64
Long
EC
CORP
US
N
1
N
N
N
PCB Bancorp
549300E5CI0LZ8Q25890
PCB Bancorp
69320M109
7200.00
NS
USD
130104.00
0.49
Long
EC
CORP
US
N
1
N
N
N
Patriot Transportation Holdings, Inc.
549300CONREOD6V7PO98
Patriot Transportation Holdings, Inc.
70338W105
91787.00
NS
USD
721445.82
2.74
Long
EC
CORP
US
N
1
N
N
N
Potlatch Deltic Corp.
54930084YA8UJOTXDM59
Potlatch Deltic Corp.
737630103
1900.00
NS
USD
77976.00
0.30
Long
EC
CORP
US
N
1
N
N
N
Powell Industries, Inc.
549300V08RO7MX2UBN26
Powell Industries, Inc.
739128106
44900.00
NS
USD
946492.00
3.60
Long
EC
CORP
US
N
1
N
N
N
Preformed Line Products Co.
549300EYH53XDJID2098
Preformed Line Products Co.
740444104
1050.00
NS
USD
74707.50
0.28
Long
EC
CORP
US
N
1
N
N
N
Regency Affiliates, Inc.
N/A
Regency Affiliates, Inc.
758847404
3255.00
NS
USD
18716.25
0.07
Long
EC
CORP
US
N
1
N
N
N
Sabine Royalty Trust
N/A
Sabine Royalty Trust
785688102
593.00
NS
USD
42150.44
0.16
Long
EC
CORP
US
N
1
N
N
N
Seacor Marine Holdings, Inc.
5493003LNKFW1W43N030
Seacor Marine Holdings, Inc.
78413P101
98367.00
NS
USD
552822.54
2.10
Long
EC
CORP
US
N
1
N
N
N
Shoe Carnival, Inc.
N/A
Shoe Carnival, Inc.
824889109
2000.00
NS
USD
42880.00
0.16
Long
EC
CORP
US
N
1
N
N
N
Sprott ETF Trust
549300OKHNEZHZWQ1S48
Sprott Gold Miners ETF
85210B102
17100.00
NS
USD
364743.00
1.39
Long
EC
RF
US
N
1
N
N
N
Sprott ETF Trust
N/A
Sprott Junior Gold Miners ETF
85210B201
13822.00
NS
USD
334768.84
1.27
Long
EC
RF
US
N
1
N
N
N
The Buckle, Inc.
5299007IU0461T3GDL34
The Buckle, Inc.
118440106
13729.00
NS
USD
434660.14
1.65
Long
EC
CORP
US
N
1
N
N
N
Tri Pointe Group, Inc.
N/A
Tri Pointe Group, Inc.
87265H109
4000.00
NS
USD
60440.00
0.23
Long
EC
CORP
US
N
1
N
N
N
Ultralife Corp.
529900NVAFLKA00F3U05
Ultralife Corp.
903899102
4562.00
NS
USD
21943.22
0.08
Long
EC
CORP
US
N
1
N
N
N
Universal Stainless & Alloy Products, Inc.
5493001OEIZDUGXZDE09
Universal Stainless & Alloy Products, Inc.
913837100
49914.00
NS
USD
355387.68
1.35
Long
EC
CORP
US
N
1
N
N
N
Weyco Group, Inc.
549300I10J38MHJELM87
Weyco Group, Inc.
962149100
41066.00
NS
USD
835282.44
3.17
Long
EC
CORP
US
N
1
N
N
N
Williams Industrial Service Group, Inc.
CTDK3GGI58CIT29OJ228
Williams Industrial Service Group, Inc.
96951A104
721569.00
NS
USD
1067922.12
4.06
Long
EC
CORP
US
N
1
N
N
N
2022-09-30
Bertolet Capital Trust
/s/ John E. Deysher
John E. Deysher
President and Treasurer
XXXX