UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

Report for the Calendar Year or Quarter Ended:
12-31-2022
Check here if Amendment: Amendment Number:
This Amendment (Check only one.): is a restatement.
adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Teton Advisors, Inc.
Address:
ONE CORPORATE CENTER
Rye, NY 10580
Form 13F File Number:

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
David Goldman
Title:
Counsel
Phone:
914-921-7793


Signature, Place, and Date of Signing:

/s/ David Goldman
                         [Signature]
Rye, NEW YORK
                 [City, State]
02-10-2023
                           [Date]
                          

Report Type (Check only one.):

13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
271
Form 13F Information table Value Total:
390177383
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
1-800-FLOWERS.COM INC-CL AEQUITY68243Q1061,453,120152,000SHSOLE152,000 0 0
2U INC 2.250 05/01/25 CVTBOND CONVERTIBLE90214JAB7717,4971,100,000PRNSOLE1,100,000 0 0
A10 NETWORKS INCEQUITY002121101931,28056,000SHSOLE56,000 0 0
ACCURAY INCEQUITY004397105135,85065,000SHSOLE65,000 0 0
ACME UNITED CORPEQUITY0048161041,204,50055,000SHSOLE55,000 0 0
AEROJET ROCKETDYNE HOLDINGSEQUITY00780010515,101,100270,000SHSOLE270,000 0 0
AGILYSYS INCEQUITY00847J105316,5604,000SHSOLE4,000 0 0
AKAMAI TECHNOLOGIES INC 0.375 09/01/27 CVTBOND CONVERTIBLE00971TAL5291,366300,000PRNSOLE300,000 0 0
ALITHYA GROUP INC-CLASS AEQUITY01643B1061,075,232716,821SHSOLE716,821 0 0
ALLIED MOTION TECHNOLOGIESEQUITY0193301094,434,794127,400SHSOLE127,400 0 0
AMERICAN OUTDOOR BRANDS INCEQUITY02875D1091,122,240112,000SHSOLE112,000 0 0
AMERICAN SOFTWARE INC-CL AEQUITY0296831091,967,120134,000SHSOLE134,000 0 0
AMERICAN VANGUARD CORPEQUITY030371108434,20020,000SHSOLE20,000 0 0
AMPCO-PITTSBURGH CORPEQUITY032037103335,125133,516SHSOLE133,516 0 0
AMPCO-PITTSBURGH CORP WARRANTS 8/1/25WARRANT0320371117,40347,000SHSOLE47,000 0 0
ANTERIX INCEQUITY03676C1002,026,71063,000SHSOLE63,000 0 0
ARLO TECHNOLOGIES INCEQUITY04206A101515,970147,000SHSOLE147,000 0 0
ARRAY TECHNOLOGIES INC 1.000 12/01/28 CVTBOND CONVERTIBLE04271TAB6891,978878,000PRNSOLE878,000 0 0
ARTESIAN RESOURCES CORP-CL AEQUITY0431132082,028,39134,626SHSOLE34,626 0 0
ASTEC INDUSTRIES INCEQUITY0462241017,806,720192,000SHSOLE192,000 0 0
ASTRONICS CORPEQUITY0464331082,451,400238,000SHSOLE238,000 0 0
ATLANTIC AMERICAN CORPEQUITY04820910051,50222,000SHSOLE22,000 0 0
ATLANTIC UNION BANKSHARES COEQUITY04911A1071,466,88441,744SHSOLE41,744 0 0
AVID TECHNOLOGY INCEQUITY05367P100797,70030,000SHSOLE30,000 0 0
AZZ INCEQUITY002474104611,04015,200SHSOLE15,200 0 0
BADGER METER INCEQUITY056525108741,4046,800SHSOLE6,800 0 0
BALLY'S CORPEQUITY05875B106445,04222,964SHSOLE22,964 0 0
BANDWIDTH INC 0.250 03/01/26 CVTBOND CONVERTIBLE05988JAB9531,006700,000PRNSOLE700,000 0 0
BANK7 CORPEQUITY06652N107353,28013,800SHSOLE13,800 0 0
BASSETT FURNITURE INDSEQUITY070203104481,42627,700SHSOLE27,700 0 0
BEASLEY BROADCAST GRP INC -AEQUITY074014101283,452308,000SHSOLE308,000 0 0
BELLRING BRANDS INCEQUITY07831C103384,60015,000SHSOLE15,000 0 0
BERKSHIRE HILLS BANCORP INCEQUITY084680107337,12311,275SHSOLE11,275 0 0
BIG 5 SPORTING GOODS CORPEQUITY08915P101141,28016,000SHSOLE16,000 0 0
BLOOM ENERGY CORP 2.500 08/15/25 CVTBOND CONVERTIBLE093712AH0654,866485,000PRNSOLE485,000 0 0
BOYD GAMING CORPEQUITY1033041011,038,85119,051SHSOLE19,051 0 0
CADENCE BANKEQUITY12740C103375,81815,240SHSOLE15,240 0 0
CAESARS ENTERTAINMENT INCEQUITY12769G100852,80020,500SHSOLE20,500 0 0
CALAVO GROWERS INCEQUITY1282461051,455,30049,500SHSOLE49,500 0 0
CALIFORNIA WATER SERVICE GRPEQUITY1307881021,431,10423,600SHSOLE23,600 0 0
CAPITAL CITY BANK GROUP INCEQUITY1396741052,593,50079,800SHSOLE79,800 0 0
CARDIOVASCULAR SYSTEMS INCEQUITY141619106482,14835,400SHSOLE35,400 0 0
CARDLYTICS INC 1.000 09/15/25 CVTBOND CONVERTIBLE14161WAB1339,183780,000PRNSOLE780,000 0 0
CASELLA WASTE SYSTEMS INC-AEQUITY1474481043,505,50244,200SHSOLE44,200 0 0
CAVCO INDUSTRIES INCEQUITY1495681074,624,55020,440SHSOLE20,440 0 0
CHART INDUSTRIES INC 6.750 12/15/25 SR:B CVTPREFERRED CONVER16115Q407354,4807,000SHSOLE7,000 0 0
CHASE CORPEQUITY16150R1042,932,84034,000SHSOLE34,000 0 0
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CHURCHILL DOWNS INCEQUITY171484108674,4623,190SHSOLE3,190 0 0
CIRCOR INTERNATIONAL INCEQUITY17273K1091,485,52062,000SHSOLE62,000 0 0
CITIZENS & NORTHERN CORPEQUITY172922106378,56216,560SHSOLE16,560 0 0
COHERUS BIOSCIENCES INC 1.500 04/15/26 CVTBOND CONVERTIBLE19249HAB9330,492505,000PRNSOLE505,000 0 0
COLUMBUS MCKINNON CORP/NYEQUITY1993331052,240,43069,000SHSOLE69,000 0 0
COMMERCIAL VEHICLE GROUP INCEQUITY2026081051,913,610281,000SHSOLE281,000 0 0
COMTECH TELECOMMUNICATIONSEQUITY2058262092,173,060179,000SHSOLE179,000 0 0
CONMED CORP 2.625 02/01/24 CVTBOND CONVERTIBLE207410AF8404,604350,000PRNSOLE350,000 0 0
CONSOLIDATED WATER CO-ORD SHEQUITYG23773107852,48057,600SHSOLE57,600 0 0
CORE MOLDING TECHNOLOGIES INEQUITY2186831002,071,905159,500SHSOLE159,500 0 0
CTS CORPEQUITY1265011058,419,324213,580SHSOLE213,580 0 0
CUTERA INCEQUITY23210910810,111,345228,660SHSOLE228,660 0 0
CUTERA INC 2.250 03/15/26 CVTBOND CONVERTIBLE232109AB4446,004300,000PRNSOLE300,000 0 0
DAKTRONICS INCEQUITY234264109123,51643,800SHSOLE43,800 0 0
DANA INCEQUITY235825205718,67547,500SHSOLE47,500 0 0
DAWSON GEOPHYSICAL COEQUITY23936010047,04024,000SHSOLE24,000 0 0
DENNY'S CORPEQUITY24869P104524,97057,000SHSOLE57,000 0 0
DHI GROUP INCEQUITY23331S100238,05045,000SHSOLE45,000 0 0
DIEBOLD NIXDORF INCEQUITY253651103157,620111,000SHSOLE111,000 0 0
DIGI INTERNATIONAL INCEQUITY253798102365,50010,000SHSOLE10,000 0 0
DIME COMMUNITY BANCSHARES INEQUITY25432X102671,96321,111SHSOLE21,111 0 0
DISH NETWORK CORP 0.000 12/15/25 CVTBOND CONVERTIBLE25470MAF6449,155700,000PRNSOLE700,000 0 0
DISTRIBUTION SOLUTIONS GROUPEQUITY5207761056,745,380183,000SHSOLE183,000 0 0
DUCOMMUN INCEQUITY2641471098,894,878178,040SHSOLE178,040 0 0
EASTERN CO/THEEQUITY2763171045,699,168295,600SHSOLE295,600 0 0
EDGIO INC 3.500 08/01/25 CVTBOND CONVERTIBLE53261MAB0430,560500,000PRNSOLE500,000 0 0
ELECTROMED INCEQUITY285409108368,64035,142SHSOLE35,142 0 0
ENERGY RECOVERY INCEQUITY29270J100614,70030,000SHSOLE30,000 0 0
EW SCRIPPS CO NEWEQUITY8110544024,499,109341,100SHSOLE341,100 0 0
EXELIXIS INCEQUITY30161Q104970,42060,500SHSOLE60,500 0 0
FARMER BROS COEQUITY3076751081,908,540414,000SHSOLE414,000 0 0
FARMERS NATL BANC CORPEQUITY309627107564,80040,000SHSOLE40,000 0 0
FEDERAL SIGNAL CORPEQUITY3138551084,228,77091,000SHSOLE91,000 0 0
FIRST INTERNET BANCORPEQUITY320557101641,96326,440SHSOLE26,440 0 0
FLUSHING FINANCIAL CORPEQUITY3438731057,350,834379,300SHSOLE379,300 0 0
FNB CORPEQUITY302520101965,70074,000SHSOLE74,000 0 0
FOSTER (LB) CO-AEQUITY3500601091,427,597147,479SHSOLE147,479 0 0
FREQUENCY ELECTRONICS INCEQUITY35801010674,02510,500SHSOLE10,500 0 0
FRP HOLDINGS INCEQUITY30292L1071,050,27019,500SHSOLE19,500 0 0
FS BANCORP INCEQUITY30263Y1041,073,95932,116SHSOLE32,116 0 0
FUBOTV INC 3.250 02/15/26 CVTBOND CONVERTIBLE35953DAB0169,060360,000PRNSOLE360,000 0 0
GAMBLING.COM GROUP LTDEQUITYG3R2391011,655,098180,885SHSOLE180,885 0 0
GAN LTDEQUITYG3728V10942,00028,000SHSOLE28,000 0 0
GARRETT MOTION INCEQUITY366505105381,00050,000SHSOLE50,000 0 0
GENCOR INDUSTRIES INCEQUITY3686781084,797,500475,000SHSOLE475,000 0 0
GENIUS SPORTS LTDEQUITYG3934V10971,40020,000SHSOLE20,000 0 0
GENTHERM INCEQUITY37253A103795,88512,190SHSOLE12,190 0 0
GIBRALTAR INDUSTRIES INCEQUITY3746891073,945,68086,000SHSOLE86,000 0 0
GOLDEN ENTERTAINMENT INCEQUITY3810131014,525,400121,000SHSOLE121,000 0 0
GORMAN-RUPP COEQUITY3830821042,203,32086,000SHSOLE86,000 0 0
GRAHAM CORPEQUITY3845561061,077,440112,000SHSOLE112,000 0 0
GRAY TELEVISION INCEQUITY3893751062,698,133241,120SHSOLE241,120 0 0
GRAY TELEVISION INC-AEQUITY389375205943,06586,600SHSOLE86,600 0 0
GRIFFON CORPEQUITY3984331021,252,65035,000SHSOLE35,000 0 0
GYRODYNE LLCEQUITY403829104130,71816,138SHSOLE16,138 0 0
HANOVER BANCORP INC/NYEQUITY410710206305,85015,000SHSOLE15,000 0 0
HAWKINS INCEQUITY4202611092,773,02471,840SHSOLE71,840 0 0
HERC HOLDINGS INCEQUITY42704L104749,9495,700SHSOLE5,700 0 0
HOMESTREET INCEQUITY43785V102752,93427,300SHSOLE27,300 0 0
I3 VERTICALS INC-CLASS AEQUITY46571Y1072,477,593101,791SHSOLE101,791 0 0
I3 VERTICALS LLC 1.000 02/15/25 CVTBOND CONVERTIBLE44933TAB2446,175500,000PRNSOLE500,000 0 0
IAA INCEQUITY449253103520,00013,000SHSOLE13,000 0 0
ICC HOLDINGS INCEQUITY44931Q104267,75017,000SHSOLE17,000 0 0
ICF INTERNATIONAL INCEQUITY44925C1031,959,20919,780SHSOLE19,780 0 0
IMAX CORPEQUITY45245E109439,80030,000SHSOLE30,000 0 0
IMPINJ INC 1.125 05/15/27 CVTBOND CONVERTIBLE453204AD1906,218750,000PRNSOLE750,000 0 0
INDUS REALTY TRUST INCEQUITY45580R1037,967,995125,500SHSOLE125,500 0 0
INFINERA CORP 2.500 03/01/27 CVTBOND CONVERTIBLE45667GAE3557,900500,000PRNSOLE500,000 0 0
INFUSYSTEM HOLDINGS INCEQUITY45685K1021,736,000200,000SHSOLE200,000 0 0
INGLES MARKETS INC-CLASS AEQUITY457030104434,0704,500SHSOLE4,500 0 0
INNOVATE CORPEQUITY45784J105504,900270,000SHSOLE270,000 0 0
INNOVATIVE SOLUTIONS & SUPPEQUITY45769N105871,320106,000SHSOLE106,000 0 0
INSPIRED ENTERTAINMENT INCEQUITY45782N1083,909,227308,542SHSOLE308,542 0 0
INSULET CORPORATION 0.375 09/01/26 CVTBOND CONVERTIBLE45784PAK7707,600500,000PRNSOLE500,000 0 0
INTEGER HOLDINGS CORPEQUITY45826H1091,487,63621,730SHSOLE21,730 0 0
INTEVAC INCEQUITY4611481081,759,840272,000SHSOLE272,000 0 0
INVACARE CORP 4.250 03/15/26 CVTBOND CONVERTIBLE461203AQ4171,108365,000PRNSOLE365,000 0 0
INVITAE CORPEQUITY46185L10318,60010,000SHSOLE10,000 0 0
ISPECIMEN INCEQUITY45032V10855,00040,000SHSOLE40,000 0 0
JOHN BEAN TECHNOLOGIES CORPEQUITY477839104913,30010,000SHSOLE10,000 0 0
JOHNSON OUTDOORS INC-AEQUITY479167108330,6005,000SHSOLE5,000 0 0
KAMAN CORPEQUITY4835481032,114,70994,830SHSOLE94,830 0 0
KAR AUCTION SERVICES INCEQUITY48238T109414,99031,800SHSOLE31,800 0 0
KIMBALL ELECTRONICS INCEQUITY49428J109799,68635,400SHSOLE35,400 0 0
KIMBALL INTERNATIONAL-BEQUITY4942741031,514,500233,000SHSOLE233,000 0 0
KKR & CO INCEQUITY48251W1042,831,62061,000SHSOLE61,000 0 0
LANDS' END INCEQUITY51509F105166,98022,000SHSOLE22,000 0 0
LA-Z-BOY INCEQUITY505336107753,06033,000SHSOLE33,000 0 0
LEE ENTERPRISESEQUITY523768406361,92019,500SHSOLE19,500 0 0
LEGACY HOUSING CORPEQUITY52472M1011,530,07280,700SHSOLE80,700 0 0
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PETIQ INC 4.000 06/01/26 CVTBOND CONVERTIBLE71639TAB2539,085640,000PRNSOLE640,000 0 0
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PLAYAGS INCEQUITY72814N1041,183,200232,000SHSOLE232,000 0 0
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POST HOLDINGS PARTNERING -AEQUITY7374651042,830,050285,000SHSOLE285,000 0 0
PREFORMED LINE PRODUCTS COEQUITY740444104208,2252,500SHSOLE2,500 0 0
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QUIDELORTHO CORPEQUITY219798105214,1752,500SHSOLE2,500 0 0
READING INTERNATIONAL INC-AEQUITY755408101784,655283,269SHSOLE283,269 0 0
READING INTERNATIONAL INC-BEQUITY7554082001,476,84074,400SHSOLE74,400 0 0
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RGC RESOURCES INCEQUITY74955L1031,168,87153,010SHSOLE53,010 0 0
RPC INCEQUITY749660106533,40060,000SHSOLE60,000 0 0
RUSH ENTERPRISES INC - CL BEQUITY7818463084,799,83185,300SHSOLE85,300 0 0
RUSH ENTERPRISES INC-CL AEQUITY7818462092,021,14538,660SHSOLE38,660 0 0
RUSH STREET INTERACTIVE INCEQUITY78201110071,80020,000SHSOLE20,000 0 0
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SCHMITT INDUSTRIES INCEQUITY806870200174,398575,000SHSOLE575,000 0 0
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SINCLAIR BROADCAST GROUP -AEQUITY829226109496,32032,000SHSOLE32,000 0 0
SKYLINE CHAMPION CORPEQUITY8308301053,785,98573,500SHSOLE73,500 0 0
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SOUTHWEST AIRLINES CO 1.250 05/01/25 CVTBOND CONVERTIBLE844741BG2362,790300,000PRNSOLE300,000 0 0
SPORTSMAN'S WAREHOUSE HOLDINEQUITY84920Y106235,25025,000SHSOLE25,000 0 0
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STANDEX INTERNATIONAL CORPEQUITY8542311071,474,70414,400SHSOLE14,400 0 0
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