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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OCEANFIRST FINANCIAL CORP</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OPENLANE INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MKS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SUPERNUS PHARMACEUTICALS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VITESSE ENERGY INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EL POLLO LOCO HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>STEWART INFORMATION SERVICES CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN EAGLE OUTFITTERS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ENERPAC TOOL GROUP CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>SANDRIDGE ENERGY INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SOUTHSTATE BANK CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>OMNICELL INC</name>
        <lei>5493008RH0GTKHHPZI77</lei>
        <title>OMNICELL INC COM</title>
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          <ticker value="OMCL"/>
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        <fairValLevel>1</fairValLevel>
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        <name>OXFORD INDUSTRIES INC</name>
        <lei>IDZ20O0XD3GS4UOI2L88</lei>
        <title>OXFORD INDUSTRIES INC COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>RILEY EXPLORATION PERMIAN INC</name>
        <lei>5493008CUBI02XP43Q95</lei>
        <title>RILEY EXPLORATION PERMIAN INC COM</title>
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          <ticker value="REPX"/>
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        <fairValLevel>1</fairValLevel>
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        <name>AVIENT CORP</name>
        <lei>SM8L9RZYIB34LNTWO040</lei>
        <title>AVIENT CORP COM</title>
        <cusip>05368V106</cusip>
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          <ticker value="AVNT"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>739200.00000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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        <name>WAFD INC</name>
        <lei>N/A</lei>
        <title>WAFD INC COM</title>
        <cusip>938824109</cusip>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RUSH ENTERPRISES INC</name>
        <lei>529900V3XHTN7A6DFT17</lei>
        <title>RUSH ENTERPRISES INC CL A</title>
        <cusip>781846209</cusip>
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          <isin value="US7818462092"/>
          <ticker value="RUSHA"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SELECT WATER SOLUTIONS INC</name>
        <lei>54930094OK8LA3QDW486</lei>
        <title>SELECT WATER SOLUTIONS INC CL A COM</title>
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          <isin value="US81617J3014"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GRUPO TELEVISA SAB</name>
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          <isin value="US40049J2069"/>
          <ticker value="TV"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENTEGRIS INC</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HORACE MANN EDUCATORS CORP</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARKO PETROLEUM CORP</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>MASTERBRAND INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ADVANCE AUTO PARTS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIRST INTERSTATE BANCSYSTEM INC</name>
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        <title>FIRST INTERSTATE BANCSYSTEM INC COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>TIPTREE INC</name>
        <lei>254900EH52HA4YXENT37</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ATLANTIC UNION BANKSHARES CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PHOTRONICS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TTM TECHNOLOGIES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HUNTINGTON BANCSHARES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912797RS8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>URBAN OUTFITTERS INC</name>
        <lei>549300N3DUFR5U6NRN38</lei>
        <title>URBAN OUTFITTERS INC COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>UNIVEST FINANCIAL CORP</name>
        <lei>4WII2HCR8UEWNU03U507</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>LEGACY HOUSING CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PROGRESS SOFTWARE CORP</name>
        <lei>549300R65B3JG6972S24</lei>
        <title>PROGRESS SOFTWARE CORP COM</title>
        <cusip>743312100</cusip>
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          <ticker value="PRGS"/>
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        <fairValLevel>1</fairValLevel>
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        <name>ALBANY INTERNATIONAL CORP</name>
        <lei>L73WCPNCZIRSQGZTW097</lei>
        <title>ALBANY INTERNATIONAL CORP CL A</title>
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          <ticker value="AIN"/>
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        <fairValLevel>1</fairValLevel>
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        <name>HAEMONETICS CORP</name>
        <lei>549300ZEL6TXZS6F5F95</lei>
        <title>HAEMONETICS CORP COM</title>
        <cusip>405024100</cusip>
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          <ticker value="HAE"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>B 0 09/17/26</title>
        <cusip>912797UG0</cusip>
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        <curCd>USD</curCd>
        <valUSD>1537769.37000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-17</maturityDt>
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      <invstOrSec>
        <name>SABLE OFFSHORE CORP</name>
        <lei>254900IMMKZUOZF7V487</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIRSTSUN CAPITAL BANCORP</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OCEANEERING INTERNATIONAL INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IMAX CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KENNAMETAL INC</name>
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          <isin value="US4891701009"/>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>WORTHINGTON ENTERPRISES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TENNANT COMPANY</name>
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        <fairValLevel>1</fairValLevel>
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        <name>USCB FINANCIAL HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PATTERSON-UTI ENERGY INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHAMPION HOMES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CARETRUST REIT INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LEMAITRE VASCULAR INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ARLO TECHNOLOGIES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ETHAN ALLEN INTERIORS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TANDEM DIABETES CARE INC</name>
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        <title>TANDEM DIABETES CARE INC COM NEW</title>
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        <fairValLevel>1</fairValLevel>
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        <name>MAGNOLIA OIL &amp; GAS CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HEXCEL CORP</name>
        <lei>S6Q7LW43WUBUHXY2QP69</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>MUELLER WATER PRODUCTS INC</name>
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        <title>MUELLER WATER PRODUCTS INC COM SER A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>B 0 08/20/26</title>
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        <fairValLevel>2</fairValLevel>
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        <name>PAR TECHNOLOGY CORP</name>
        <lei>549300HYPTHBJQINVG57</lei>
        <title>PAR TECHNOLOGY CORP COM</title>
        <cusip>698884103</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>HARMONIC INC</name>
        <lei>549300LRGRD8XC9BTL66</lei>
        <title>HARMONIC INC COM</title>
        <cusip>413160102</cusip>
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          <ticker value="HLIT"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ALPINE INCOME PROPERTY TRUST INC</name>
        <lei>254900VQGUBS1J4C4N33</lei>
        <title>ALPINE INCOME PROPERTY TRUST INC COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TERADATA CORP</name>
        <lei>549300JU9SOUHV4U4R71</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ULTRA CLEAN HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ANTERIX INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STANDARD MOTOR PRODUCTS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>APOGEE ENTERPRISES INC</name>
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          <isin value="US0375981091"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HERITAGE FINANCIAL CORP</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TREX COMPANY INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FORMFACTOR INC</name>
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          <isin value="US3463751087"/>
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        <fairValLevel>1</fairValLevel>
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        <name>AAR CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ADVANCED ENERGY INDUSTRIES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ICHOR HOLDINGS LTD</name>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>LIONSGATE STUDIOS CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>COLUMBIA BANKING SYSTEM INC</name>
        <lei>254900CTRJTQZ3BJ2V17</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912797UH8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>SHOALS TECHNOLOGIES GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>WASHINGTON TRUST BANCORP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INNOVATIVE SOLUTIONS AND SUPPORT INC</name>
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        <title>INNOVATIVE SOLUTIONS AND SUPPORT INC COM</title>
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          <ticker value="ISSC"/>
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        <fairValLevel>1</fairValLevel>
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        <name>ABM INDUSTRIES INC</name>
        <lei>QF02R89VEIOROM77J447</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>STURM RUGER &amp; CO. INC</name>
        <lei>529900DV1BWFJSHFO847</lei>
        <title>STURM RUGER &amp; CO. INC COM</title>
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          <ticker value="RGR"/>
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        <fairValLevel>1</fairValLevel>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>XIB 0 08/13/26</title>
        <cusip>912797TW7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>ICF INTERNATIONAL INC</name>
        <lei>5493003KYFDDC5B3WY64</lei>
        <title>ICF INTERNATIONAL INC COM</title>
        <cusip>44925C103</cusip>
        <identifiers>
          <isin value="US44925C1036"/>
          <ticker value="ICFI"/>
        </identifiers>
        <balance>35000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2550100.00000000</valUSD>
        <pctVal>1.729332165275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NLIGHT INC</name>
        <lei>N/A</lei>
        <title>NLIGHT INC COM</title>
        <cusip>65487K100</cusip>
        <identifiers>
          <isin value="US65487K1007"/>
          <ticker value="LASR"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2088600.00000000</valUSD>
        <pctVal>1.416369224891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLACIER BANCORP INC</name>
        <lei>549300SMJAUKZB5D7V74</lei>
        <title>GLACIER BANCORP INC COM</title>
        <cusip>37637Q105</cusip>
        <identifiers>
          <isin value="US37637Q1058"/>
          <ticker value="GBCI"/>
        </identifiers>
        <balance>10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>515800.00000000</valUSD>
        <pctVal>0.349786098917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OLD NATIONAL BANCORP</name>
        <lei>549300MMK90CL5KMVX16</lei>
        <title>OLD NATIONAL BANCORP COM</title>
        <cusip>680033107</cusip>
        <identifiers>
          <isin value="US6800331075"/>
          <ticker value="ONB"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1295000.00000000</valUSD>
        <pctVal>0.878195033148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AXOGEN INC</name>
        <lei>N/A</lei>
        <title>AXOGEN INC COM</title>
        <cusip>05463X106</cusip>
        <identifiers>
          <isin value="US05463X1063"/>
          <ticker value="AXGN"/>
        </identifiers>
        <balance>45000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2078550.00000000</valUSD>
        <pctVal>1.409553888919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Teton Westwood Funds</ncom:nameOfApplicant>
      <ncom:signature>John C. Ball</ncom:signature>
      <ncom:signerName>John C. Ball</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
