TETON Westwood Mighty Mites Fund
WMMAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Corporate Center Rye NY United States of America 10580
- IPO Date
- May 12, 1998
- CIK
- 0000796229
- Website
- tetonadv.com
- Similar Companies
- Business
- TETON Westwood Mighty Mites Fund (WMMAX) is an open-end mutual fund that seeks long-term capital appreciation through a diversified portfolio of primarily micro-cap equity securities with market capitalizations of $500 million or less at the time of investment; the fund focuses on companies appearing underpriced relative to their private market value, defined as the price a strategic buyer would pay for the entire company, with identifiable catalysts to unlock that value; it targets firms exhibiting above-average revenue and earnings growth while exploiting market inefficiencies in the micro-cap sector. The fund offers multiple share classes, including Class A (WMMAX, with a 4.00% front-end load and 1.50% net expense ratio), Class AAA (WEMMX), Class C (WMMCX), and Class Institutional (WEIMX), distributed by G.distributors, LLC and available for sale in the United States with a minimum initial investment of $1,000 for Class A shares. Managed by a team including Mario Gabelli (since 1998), Sarah Donnelly (since 2017), Joseph Gabelli (since 2018), and Hendi Susanto (since 2022), the fund maintains total net assets of approximately $184.57 million, with Class A shares comprising $49.98 million, and allocates predominantly to U.S. stocks (93.46%), followed by non-U.S. stocks (6.29%), across sectors such as industrials (32.05%), consumer cyclical (20.96%), and financial services (13.40%). The fund, launched on November 26, 2001 (with roots tracing to May 11, 1998 for certain classes), operates under Teton Advisors, Inc., an investment adviser founded in 1994 and headquartered at One Corporate Center in Rye, New York (with additional presence noted in Greenwich, Connecticut). Teton Advisors provides advisory services for the fund as part of its broader suite of eight mutual funds under TETON Westwood and KEELEY brands, including separately managed accounts; in a notable strategic development, Teton acquired Keeley-Teton Advisors, expanding its product offerings. In recent periods, the fund benefited from portfolio company acquisitions, including ZimVie and Dallas News Corp in a recent quarter at premiums exceeding 100%, amid a resurgence in M&A activity up 33% year-to-date to $3 trillion; portfolio holdings feature top positions in Nathan's Famous Inc., Myers Industries Inc., Astronics Corp., Ducommun Inc., and Full House Resorts Inc., with new investments such as Hanover Bancorp, Inc. As of the latest reports, the fund continues to navigate micro-cap challenges like illiquidity and volatility while positioning for opportunities from declining interest rates and heightened deal activity.