VCM

Venator Capital Management Portfolio holdings

AUM $42.5M

2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4

This Quarter Return

+10.33%

1 Year Return

+85.15%

3 Year Return

+116.24%

5 Year Return

+235.28%

10 Year Return

–

AUM

$184M

AUM Growth

+$184M (+58%)

Cap. Flow

+$18.7M

Cap. Flow % of AUM

10.14%

Top 10 Holdings % Top 10 Hldgs %

52.02%

Holding

New

Increased

Reduced

Closed

Top Buys

1	Molson Coors Class B TAP	$10.1M
2	Caesarstone CSTE	$7.1M
3	Uber UBER	$4.06M
4	LivePerson LPSN	$3.67M
5	Red Violet RDVT	$2.89M

Top Sells

1	WESCO International WCC	$6.85M
2	Lear LEA	$5.76M
3	D.R. Horton DHI	$3.45M
4	ATSG Air Transport Services Group, Inc. ATSG	$3.1M
5	Spectrum Brands SPB	$3.03M

Sector Composition

1	Consumer Discretionary	33.36%
2	Industrials	16.35%
3	Technology	12.09%
4	Healthcare	8.08%
5	Consumer Staples	6.86%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	DGNU 26 DELISTED Dragoneer Growth Opportunities Corp. III Class A Ordinary Shares DGNU	$1.79M	0.61%	+140,500	New	+$1.79M
27	RTP.U 27 DELISTED Reinvent Technology Partners Units, each consisting of one Class A ordinary share and one-fourth of RTP.U	$1.77M	0.6%	+140,000	New	+$1.77M
28	KLR 28 DELISTED Kaleyra, Inc. KLR	$1.64M	0.56%	+100,000	New	+$1.64M
29	WPCB.U 29 DELISTED Warburg Pincus Capital Corporation I-B Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant WPCB.U	$633K	0.22%	+50,000	New	+$633K
30	WPCA.U 30 DELISTED Warburg Pincus Capital Corporation I-A Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant WPCA.U	$627K	0.21%	+50,000	New	+$627K
31	PLMIU 31 DELISTED Plum Acquisition Corp. I Units PLMIU	$625K	0.21%	+50,000	New	+$625K
32	AAQC.U 32 DELISTED Accelerate Acquisition Corp. Units, each consisting of one Class A common stock, and one-third of one redeemable warrant AAQC.U	$624K	0.21%	+50,000	New	+$624K
33	DHBCU 33 DELISTED DHB Capital Corp. Unit DHBCU	$623K	0.21%	+50,000	New	+$623K
34	FVIV.U 34 DELISTED Fortress Value Acquisition Corp. IV Units, each consisting of one share of Class A common stock and one-eighth of one redeemable Warrant FVIV.U	$622K	0.21%	+50,000	New	+$622K
35	CSTA.U 35 DELISTED Constellation Acquisition Corp I Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant CSTA.U	$621K	0.21%	+50,000	New	+$621K
36	BITE.U 36 DELISTED Bite Acquisition Corp. Units, each consisting of one share of common stock, and one-half of one redeemable warrant BITE.U	$620K	0.21%	+50,000	New	+$620K
37	CND 37 DELISTED Concord Acquisition Corp. CND	$615K	0.21%	+50,000	New	+$615K
38	NXDR 38 Nextdoor Holdings NXDR $794M	$317K	0.11%	+25,000	New	+$317K
39	AAC.U 39 DELISTED Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant AAC.U	$314K	0.11%	+25,000	New	+$314K
40	GIIXU 40 DELISTED Gores Holdings VIII, Inc. Unit GIIXU	$314K	0.11%	+25,000	New	+$314K
41	GTPBU 41 DELISTED Gores Technology Partners II, Inc. Units GTPBU	$314K	0.11%	+25,000	New	+$314K
42	SNII.U 42 DELISTED Supernova Partners Acquisition Company II, Ltd. Units, each consisting of one Class A ordinary share SNII.U	$314K	0.11%	+25,000	New	+$314K
43	GAMCU 43 DELISTED Golden Arrow Merger Corp. Unit GAMCU	$313K	0.11%	+25,000	New	+$313K
44	ARRWU 44 DELISTED Arrowroot Acquisition Corp. Unit ARRWU	$313K	0.11%	+25,000	New	+$313K
45	ROSS.U 45 DELISTED Ross Acquisition Corp II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant ROSS.U	$313K	0.11%	+25,000	New	+$313K
46	KVSC 46 DELISTED Khosla Ventures Acquisition Co. III Class A Common Stock KVSC	$313K	0.11%	+25,000	New	+$313K
47	ESM.U 47 DELISTED ESM Acquisition Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant ESM.U	$312K	0.11%	+25,000	New	+$312K
48	VGII.U 48 DELISTED Virgin Group Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fifth VGII.U	$312K	0.11%	+25,000	New	+$312K
49	49 American Express Global Business Travel GBTG $3.99B	$311K	0.11%	+25,000	New	+$311K
50	ATHN.U 50 DELISTED Athena Technology Acquisition Corp. Units, each consisting of one share of Class A Common Stock and ATHN.U	$311K	0.11%	+25,000	New	+$311K