{"entity_type":"fund","name":"Putnam VT Small Cap Value Fund","identifiers":{"lei":"PDOQ7DSJON4NJI51RN72","cik":"822671","fund_id":"S000003888","fundkey":"putnam-vt-small-cap-value-fund"},"dates":{"reporting_period_start":"2025-12-31","reporting_period_end":"2025-12-31","filing_date":"2026-02-25"},"summary":{"total_positions":178,"total_value_usd":173125402.8,"asset_categories":["STIV","EC"],"by_asset_category":{"EC":{"positions":175,"total_value_usd":159851141.19},"STIV":{"positions":2,"total_value_usd":12473713.8},"Unknown":{"positions":1,"total_value_usd":800547.81}}},"holdings":[{"issuer_name":"Putnam Cash Collateral Pool LLC","title":"Putnam Cash Collateral Pool LLC","isin":null,"value_usd":8430623.8,"pct_val":7.85144849193,"balance":8430623.8,"units":"NS","currency":"USD","asset_cat":"STIV","issuer_cat":"PF","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"PUTNAM CASH COLLATERAL POOL LLC","title":"SHORT TERM INV FUND","isin":null,"value_usd":4043090,"pct_val":3.99703800867,"balance":4043090,"units":"NS","currency":"USD","asset_cat":"STIV","issuer_cat":"PF","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Holley, Inc.","title":"Holley, Inc.","isin":"US43538H1032","value_usd":2014502.49,"pct_val":1.876108211245,"balance":487773,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Veracyte, Inc.","title":"Veracyte, Inc.","isin":"US92337F1075","value_usd":1655077.3,"pct_val":1.541375167412,"balance":39313,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Standard Motor Products, Inc.","title":"Standard Motor Products, Inc.","isin":"US8536661056","value_usd":1526668,"pct_val":1.388077611776,"balance":37400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"IBEX Holdings Ltd.","title":"IBEX Holdings Ltd.","isin":"BMG4690M1010","value_usd":1522083.88,"pct_val":1.417518260537,"balance":39866,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"BM","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"LifeStance Health Group, Inc.","title":"LifeStance Health Group, Inc.","isin":"US53228F1012","value_usd":1492480,"pct_val":1.38994813708,"balance":212000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Axos Financial, Inc.","title":"Axos Financial, Inc.","isin":"US05465C1009","value_usd":1421640,"pct_val":1.323974773262,"balance":16500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Resideo Technologies, Inc.","title":"Resideo Technologies, Inc.","isin":"US76118Y1047","value_usd":1406275.04,"pct_val":1.309665370437,"balance":40042,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Pitney Bowes, Inc.","title":"Pitney Bowes, Inc.","isin":"US7244791007","value_usd":1398866,"pct_val":1.271877432732,"balance":122600,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Major Drilling Group International, Inc.","title":"Major Drilling Group International, Inc.","isin":"CA5609091031","value_usd":1382528.87,"pct_val":1.287550538242,"balance":147100,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Sally Beauty Holdings, Inc.","title":"Sally Beauty Holdings, Inc.","isin":"US79546E1047","value_usd":1380544,"pct_val":1.255218697498,"balance":84800,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Leggett & Platt, Inc.","title":"Leggett & Platt, Inc.","isin":"US5246601075","value_usd":1343100,"pct_val":1.250830391638,"balance":122100,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Hudbay Minerals, Inc.","title":"Hudbay Minerals, Inc.","isin":"CA4436281022","value_usd":1331935,"pct_val":1.240432415819,"balance":67100,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Antero Resources Corp.","title":"Antero Resources Corp.","isin":"US03674X1063","value_usd":1323264,"pct_val":1.232357104728,"balance":38400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Core Natural Resources, Inc.","title":"Core Natural Resources, Inc.","isin":"US2189371006","value_usd":1318799,"pct_val":1.228198845702,"balance":14900,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Five Star Bancorp","title":"Five Star Bancorp","isin":"US33830T1034","value_usd":1289332.3,"pct_val":1.200756478118,"balance":36035,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Ingevity Corp.","title":"Ingevity Corp.","isin":"US45688C1071","value_usd":1266452,"pct_val":1.179448031532,"balance":21400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"MasterCraft Boat Holdings, Inc.","title":"MasterCraft Boat Holdings, Inc.","isin":"US57637H1032","value_usd":1264303.69,"pct_val":1.177447308251,"balance":66859,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"COLUMBUS MCKINNON CORP/NY","title":"COMMON STOCK","isin":"US1993331057","value_usd":1262361.52,"pct_val":1.115660420347,"balance":33898,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CNX RESOURCES CORP","title":"COMMON STOCK","isin":"US12653C1080","value_usd":1258514.4,"pct_val":1.112260380463,"balance":34320,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Abacus Global Management, Inc.","title":"Abacus Global Management, Inc.","isin":"US00258Y1047","value_usd":1242315,"pct_val":1.156969218962,"balance":145300,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Southwest Gas Holdings, Inc.","title":"Southwest Gas Holdings, Inc.","isin":"US8448951025","value_usd":1240310,"pct_val":1.155101960429,"balance":15500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Northrim BanCorp, Inc.","title":"Northrim BanCorp, Inc.","isin":"US6667621097","value_usd":1240026,"pct_val":1.154837470941,"balance":46600,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Metropolitan Bank Holding Corp.","title":"Metropolitan Bank Holding Corp.","isin":"US5917741044","value_usd":1238559.2,"pct_val":1.153471438614,"balance":16220,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Walker & Dunlop, Inc.","title":"Walker & Dunlop, Inc.","isin":"US93148P1021","value_usd":1237887,"pct_val":1.152845418073,"balance":20580,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Permian Resources Corp.","title":"Permian Resources Corp., Class A","isin":"US71424F1057","value_usd":1209568.39,"pct_val":1.12647226787,"balance":86213,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Academy Sports & Outdoors, Inc.","title":"Academy Sports & Outdoors, Inc.","isin":"US00402L1070","value_usd":1204036,"pct_val":1.121319947455,"balance":24100,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Taylor Morrison Home Corp.","title":"Taylor Morrison Home Corp., Class A","isin":"US87724P1066","value_usd":1200948,"pct_val":1.118444089924,"balance":20400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ConnectOne Bancorp, Inc.","title":"ConnectOne Bancorp, Inc.","isin":"US20786W1071","value_usd":1195867.98,"pct_val":1.113713062148,"balance":45609,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Popular, Inc.","title":"Popular, Inc.","isin":"PR7331747001","value_usd":1182940,"pct_val":1.101673221267,"balance":9500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"PR","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Casella Waste Systems, Inc.","title":"Casella Waste Systems, Inc., Class A","isin":"US1474481041","value_usd":1175280,"pct_val":1.094539455502,"balance":12000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Terex Corp.","title":"Terex Corp.","isin":"US8807791038","value_usd":1174770,"pct_val":1.068124789401,"balance":22900,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SkyWest, Inc.","title":"SkyWest, Inc.","isin":"US8308791024","value_usd":1154715,"pct_val":1.075387250153,"balance":11500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Turning Point Brands, Inc.","title":"Turning Point Brands, Inc.","isin":"US90041L1052","value_usd":1150232.4,"pct_val":1.071212600228,"balance":10611,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"V2X, Inc.","title":"V2X, Inc.","isin":"US92242T1016","value_usd":1147622.9,"pct_val":1.068782370233,"balance":21038,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Amneal Pharmaceuticals, Inc.","title":"Amneal Pharmaceuticals, Inc.","isin":"US03168L1052","value_usd":1139040,"pct_val":1.060789106762,"balance":90400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Coastal Financial Corp.","title":"Coastal Financial Corp.","isin":"US19046P2092","value_usd":1131003.3,"pct_val":1.053304519904,"balance":9870,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Ladder Capital Corp.","title":"Ladder Capital Corp., Class A","isin":"US5057431042","value_usd":1128804.88,"pct_val":1.051257129129,"balance":102712,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Cohu, Inc.","title":"Cohu, Inc.","isin":"US1925761066","value_usd":1128595,"pct_val":1.051061667672,"balance":48500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BEACON ROOFING SUPPLY INC","title":"COMMON STOCK","isin":"US0736851090","value_usd":1127538,"pct_val":0.996504962412,"balance":11100,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"MediaAlpha, Inc.","title":"MediaAlpha, Inc., Class A","isin":"US58450V1044","value_usd":1124060,"pct_val":1.046838217575,"balance":86800,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"TTM Technologies, Inc.","title":"TTM Technologies, Inc.","isin":"US87305R1095","value_usd":1122917.38,"pct_val":1.054153655615,"balance":27509,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"QCR HOLDINGS INC","title":"COMMON STOCK","isin":"US74727A1043","value_usd":1118154.96,"pct_val":1.105418844177,"balance":15678,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"WisdomTree, Inc.","title":"WisdomTree, Inc.","isin":"US97717P1049","value_usd":1116604,"pct_val":1.039894437216,"balance":91600,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Perrigo Co. plc","title":"Perrigo Co. plc","isin":"IE00BGH1M568","value_usd":1113500,"pct_val":1.012416858618,"balance":50000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"IE","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Valmont Industries, Inc.","title":"Valmont Industries, Inc.","isin":"US9202531011","value_usd":1110403.2,"pct_val":1.034119625889,"balance":2760,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Valley National Bancorp","title":"Valley National Bancorp","isin":"US9197941076","value_usd":1108432,"pct_val":1.032283845331,"balance":94900,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"HNI Corp.","title":"HNI Corp.","isin":"US4042511000","value_usd":1102541.04,"pct_val":1.026797588311,"balance":26226,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Arq, Inc.","title":"Arq, Inc.","isin":"US00770C1018","value_usd":1097628,"pct_val":0.997985713238,"balance":153300,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Insteel Industries, Inc.","title":"Insteel Industries, Inc.","isin":"US45774W1080","value_usd":1095782,"pct_val":1.020502887506,"balance":34600,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Mattel, Inc.","title":"Mattel, Inc.","isin":"US5770811025","value_usd":1095168,"pct_val":1.019931068684,"balance":55200,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Blackbaud, Inc.","title":"Blackbaud, Inc.","isin":"US09227Q1004","value_usd":1089104,"pct_val":1.014283659336,"balance":17200,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Origin Bancorp, Inc.","title":"Origin Bancorp, Inc.","isin":"US68621T1025","value_usd":1086496,"pct_val":1.019962599751,"balance":30400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"MiMedx Group, Inc.","title":"MiMedx Group, Inc.","isin":"US6024961012","value_usd":1085231,"pct_val":1.01067673051,"balance":160300,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Covenant Logistics Group, Inc.","title":"Covenant Logistics Group, Inc., Class A","isin":"US22284P1057","value_usd":1084368,"pct_val":1.009873017735,"balance":49200,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ICF International, Inc.","title":"ICF International, Inc.","isin":"US44925C1036","value_usd":1083310,"pct_val":1.008887701262,"balance":12700,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Ichor Holdings Ltd.","title":"Ichor Holdings Ltd.","isin":"KYG4740B1059","value_usd":1080163.87,"pct_val":1.005957707204,"balance":58609,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"KY","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Perdoceo Education Corp.","title":"Perdoceo Education Corp.","isin":"US71363P1066","value_usd":1079344,"pct_val":1.005194161442,"balance":36800,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Mid Penn Bancorp, Inc.","title":"Mid Penn Bancorp, Inc.","isin":"US59540G1076","value_usd":1073292,"pct_val":0.999557927706,"balance":34600,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Diebold Nixdorf, Inc.","title":"Diebold Nixdorf, Inc.","isin":"US2536512021","value_usd":1065873,"pct_val":0.992648605485,"balance":15700,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Spectrum Brands Holdings, Inc.","title":"Spectrum Brands Holdings, Inc.","isin":"US84790A1051","value_usd":1057532,"pct_val":0.984880623728,"balance":17900,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"NWPX Infrastructure, Inc.","title":"NWPX Infrastructure, Inc.","isin":"US6677461013","value_usd":1056081,"pct_val":0.983529305957,"balance":16900,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Newmark Group, Inc.","title":"Newmark Group, Inc., Class A","isin":"US65158N1028","value_usd":1050804,"pct_val":0.978614830508,"balance":60600,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Integer Holdings Corp.","title":"Integer Holdings Corp.","isin":"US45826H1095","value_usd":1045245,"pct_val":0.981237673748,"balance":8500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Aviat Networks, Inc.","title":"Aviat Networks, Inc.","isin":"US05366Y2019","value_usd":1045011.64,"pct_val":0.973220399767,"balance":48878,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Turtle Beach Corp.","title":"Turtle Beach Corp.","isin":"US9004502061","value_usd":1043832,"pct_val":0.972121799839,"balance":74400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SouthState Corp.","title":"SouthState Corp.","isin":"US8404411097","value_usd":1039939,"pct_val":0.976256595535,"balance":11300,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Rithm Capital Corp.","title":"Rithm Capital Corp.","isin":"US64828T2015","value_usd":1039642,"pct_val":0.968219648592,"balance":95380,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"O-I Glass, Inc.","title":"O-I Glass, Inc.","isin":"US67098H1041","value_usd":1031487.84,"pct_val":0.960625671117,"balance":69884,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"WillScot Holdings Corp.","title":"WillScot Holdings Corp.","isin":"US9713781048","value_usd":1026235,"pct_val":0.955733695899,"balance":54500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Concentrix Corp.","title":"Concentrix Corp.","isin":"US20602D1019","value_usd":1022868,"pct_val":0.952598005386,"balance":24600,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Option Care Health, Inc.","title":"Option Care Health, Inc.","isin":"US68404L2016","value_usd":1022706,"pct_val":0.952447134622,"balance":32100,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"GXO LOGISTICS INC","title":"COMMON STOCK","isin":"US36262G1013","value_usd":1013550,"pct_val":0.895763694574,"balance":23300,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CARGURUS INC","title":"COMMON STOCK","isin":"US1417881091","value_usd":1010811,"pct_val":0.999297563641,"balance":34700,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"American Healthcare REIT, Inc.","title":"American Healthcare REIT, Inc.","isin":"US3981823038","value_usd":1007084,"pct_val":0.937898350184,"balance":21400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Algonquin Power & Utilities Corp.","title":"Algonquin Power & Utilities Corp.","isin":"CA0158571053","value_usd":989535,"pct_val":0.921554948693,"balance":160900,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Onity Group, Inc.","title":"Onity Group, Inc.","isin":"US6757466064","value_usd":989064,"pct_val":0.921116305915,"balance":21600,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Proficient Auto Logistics, Inc.","title":"Proficient Auto Logistics, Inc.","isin":"US74317M1045","value_usd":987926.48,"pct_val":0.920056932386,"balance":102482,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"American Integrity Insurance Group, Inc.","title":"American Integrity Insurance Group, Inc.","isin":"US0269481091","value_usd":987351.36,"pct_val":0.89771994813,"balance":44256,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Vishay Intertechnology, Inc.","title":"Vishay Intertechnology, Inc.","isin":"US9282981086","value_usd":982422,"pct_val":0.914930604582,"balance":67800,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Extreme Networks, Inc.","title":"Extreme Networks, Inc.","isin":"US30226D1063","value_usd":980685,"pct_val":0.913312934721,"balance":58900,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Third Coast Bancshares, Inc.","title":"Third Coast Bancshares, Inc.","isin":"US88422P1093","value_usd":980658,"pct_val":0.913287789593,"balance":25800,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Horace Mann Educators Corp.","title":"Horace Mann Educators Corp.","isin":"US4403271046","value_usd":969780,"pct_val":0.903157097165,"balance":21000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SouthState Bank Corp.","title":"SouthState Bank Corp.","isin":"US84472E1029","value_usd":968926,"pct_val":0.880967235881,"balance":9800,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"RingCentral, Inc.","title":"RingCentral, Inc., Class A","isin":"US76680R2067","value_usd":958816,"pct_val":0.89294631285,"balance":33200,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Encore Capital Group, Inc.","title":"Encore Capital Group, Inc.","isin":"US2925541029","value_usd":951125,"pct_val":0.885783676753,"balance":17500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Portland General Electric Co.","title":"Portland General Electric Co.","isin":"US7365088472","value_usd":950202,"pct_val":0.884924085917,"balance":19800,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Avidbank Holdings, Inc.","title":"Avidbank Holdings, Inc.","isin":"US05368J1034","value_usd":941605.12,"pct_val":0.876917802857,"balance":35452,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Griffon Corp.","title":"Griffon Corp.","isin":"US3984331021","value_usd":936645,"pct_val":0.851616693794,"balance":12300,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"La-Z-Boy, Inc.","title":"La-Z-Boy, Inc.","isin":"US5053361078","value_usd":931750,"pct_val":0.86773971961,"balance":25000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"MidWestOne Financial Group, Inc.","title":"MidWestOne Financial Group, Inc.","isin":"US5985111039","value_usd":927657.5,"pct_val":0.863928370211,"balance":24095,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"AZZ, Inc.","title":"AZZ, Inc.","isin":"US0024741045","value_usd":927605,"pct_val":0.843397341839,"balance":8500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Jefferson Capital, Inc.","title":"Jefferson Capital, Inc.","isin":"US47248R1032","value_usd":927601.48,"pct_val":0.863876198729,"balance":41522,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Business First Bancshares, Inc.","title":"Business First Bancshares, Inc.","isin":"US12326C1053","value_usd":925356,"pct_val":0.861784980928,"balance":35400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"UMB Financial Corp.","title":"UMB Financial Corp.","isin":"US9027881088","value_usd":920320,"pct_val":0.857094949023,"balance":8000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Blue Bird Corp.","title":"Blue Bird Corp.","isin":"US0953061068","value_usd":911800,"pct_val":0.849160264385,"balance":19400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Broadstone Net Lease, Inc.","title":"Broadstone Net Lease, Inc.","isin":"US11135E2037","value_usd":903240,"pct_val":0.841188327707,"balance":52000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"LIONS GATE ENTERTAINMENT CORP","title":"COMMON STOCK","isin":"CA5359194019","value_usd":901687.36,"pct_val":0.79690079517,"balance":105584,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Brixmor Property Group, Inc.","title":"Brixmor Property Group, Inc.","isin":"US11120U1051","value_usd":899346,"pct_val":0.837561841559,"balance":34300,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Tronox Holdings plc","title":"Tronox Holdings plc","isin":"GB00BJT16S69","value_usd":892138.14,"pct_val":0.830849154234,"balance":213942,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Edgewell Personal Care Co.","title":"Edgewell Personal Care Co.","isin":"US28035Q1022","value_usd":891921,"pct_val":0.837302725397,"balance":38100,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"MFA Financial, Inc.","title":"MFA Financial, Inc.","isin":"US55272X6076","value_usd":886402,"pct_val":0.832121690595,"balance":93700,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Dynex Capital, Inc.","title":"Dynex Capital, Inc.","isin":"US26817Q8868","value_usd":878735,"pct_val":0.798963743383,"balance":71500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Magnolia Oil & Gas Corp.","title":"Magnolia Oil & Gas Corp., Class A","isin":"US5596631094","value_usd":877460.65,"pct_val":0.817179992917,"balance":40085,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Southern Missouri Bancorp, Inc.","title":"Southern Missouri Bancorp, Inc.","isin":"US8433801060","value_usd":871002,"pct_val":0.817664735359,"balance":15900,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"M/I Homes, Inc.","title":"M/I Homes, Inc.","isin":"US55305B1017","value_usd":870060,"pct_val":0.810287760069,"balance":6800,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Ardmore Shipping Corp.","title":"Ardmore Shipping Corp.","isin":"MHY0207T1001","value_usd":859908,"pct_val":0.800833192177,"balance":81200,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"MH","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Kemper Corp.","title":"Kemper Corp.","isin":"US4884011002","value_usd":851928,"pct_val":0.799758763659,"balance":13200,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Alamos Gold, Inc.","title":"Alamos Gold, Inc., Class A","isin":"CA0115321089","value_usd":849388.8,"pct_val":0.797375055819,"balance":31980,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Healthcare Realty Trust, Inc.","title":"Healthcare Realty Trust, Inc., Class A","isin":"US42226K1051","value_usd":840720,"pct_val":0.782963388324,"balance":49600,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Silgan Holdings, Inc.","title":"Silgan Holdings, Inc.","isin":"US8270481091","value_usd":839696,"pct_val":0.782009736086,"balance":20800,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"NPK International, Inc.","title":"NPK International, Inc.","isin":"US6517185046","value_usd":839400.87,"pct_val":0.787998753422,"balance":98637,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"NEXTRACKER INC","title":"COMMON STOCK","isin":"US65290E1010","value_usd":834372,"pct_val":0.824868256054,"balance":19800,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"H2O America","title":"H2O America","isin":"US7843051043","value_usd":832770,"pct_val":0.757171430041,"balance":17100,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Aramark","title":"Aramark","isin":"US03852U1060","value_usd":825600,"pct_val":0.750652320139,"balance":21500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"TERAWULF INC","title":"COMMON STOCK","isin":"US88080T1043","value_usd":819834.02,"pct_val":0.724559765865,"balance":144847,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"HECLA MINING CO","title":"COMMON STOCK","isin":"US4227041062","value_usd":804258,"pct_val":0.710793860659,"balance":163800,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Tutor Perini Corp.","title":"Tutor Perini Corp.","isin":"US9011091082","value_usd":804240,"pct_val":0.74898952734,"balance":12000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Putnam Short Term Investment Fund","title":"Putnam Short Term Investment Fund, Class P","isin":"US74676P6640","value_usd":800547.81,"pct_val":0.74555098705,"balance":800547.81,"units":"NS","currency":"USD","asset_cat":null,"issuer_cat":"RF","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Bancorp, Inc. (The)","title":"Bancorp, Inc. (The)","isin":"US05969A1051","value_usd":772428.8,"pct_val":0.71936372453,"balance":11440,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Helen of Troy Ltd.","title":"Helen of Troy Ltd.","isin":"BMG4388N1065","value_usd":762875,"pct_val":0.710466260904,"balance":35900,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"BM","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"HELIX ENERGY SOLUTIONS GROUP INC","title":"COMMON STOCK","isin":"US42330P1075","value_usd":762376,"pct_val":0.67377903647,"balance":81800,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"DORMAN PRODUCTS INC","title":"COMMON STOCK","isin":"US2582781009","value_usd":759402,"pct_val":0.750752186536,"balance":6300,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"COLUMBIA BANKING SYSTEM INC","title":"COMMON STOCK","isin":"US1972361026","value_usd":758176,"pct_val":0.749540151038,"balance":30400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Gates Industrial Corp. plc","title":"Gates Industrial Corp. plc","isin":"GB00BD9G2S12","value_usd":753983.46,"pct_val":0.702185560688,"balance":35118,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"OCEANEERING INTERNATIONAL INC","title":"COMMON STOCK","isin":"US6752321025","value_usd":751547.36,"pct_val":0.664208810459,"balance":28817,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Titan America SA","title":"Titan America SA","isin":"BE6360403164","value_usd":741731.84,"pct_val":0.690775614561,"balance":45008,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"BE","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CLEVELAND-CLIFFS INC","title":"COMMON STOCK","isin":"US1858991011","value_usd":740622,"pct_val":0.732186096292,"balance":90100,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Concentra Group Holdings Parent, Inc.","title":"Concentra Group Holdings Parent, Inc.","isin":"US20603L1026","value_usd":738829,"pct_val":0.671758361235,"balance":35300,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"UMH Properties, Inc.","title":"UMH Properties, Inc.","isin":"US9030021037","value_usd":735075,"pct_val":0.668345148045,"balance":49500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BROOKDALE SENIOR LIVING INC","title":"COMMON STOCK","isin":"US1124631045","value_usd":734611.38,"pct_val":0.649240988432,"balance":146046,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Camping World Holdings, Inc.","title":"Camping World Holdings, Inc., Class A","isin":"US13462K1097","value_usd":733398.75,"pct_val":0.683014999396,"balance":75375,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"XENCOR INC","title":"COMMON STOCK","isin":"US98401F1057","value_usd":728466,"pct_val":0.643809773106,"balance":31700,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Alpine Income Property Trust, Inc.","title":"Alpine Income Property Trust, Inc.","isin":"US02083X1037","value_usd":713728.73,"pct_val":0.648936684986,"balance":50369,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"J Jill, Inc.","title":"J Jill, Inc.","isin":"US46620W2017","value_usd":712164.04,"pct_val":0.663239092445,"balance":51907,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Herc Holdings, Inc.","title":"Herc Holdings, Inc.","isin":"US42704L1044","value_usd":690187.29,"pct_val":0.647922516625,"balance":5241,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Fluor Corp.","title":"Fluor Corp.","isin":"US3434121022","value_usd":689948,"pct_val":0.627314761356,"balance":16400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Commercial Bancgroup, Inc.","title":"Commercial Bancgroup, Inc.","isin":"US20112C1062","value_usd":684217.04,"pct_val":0.637212023013,"balance":27859,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Teekay Tankers Ltd.","title":"Teekay Tankers Ltd., Class A","isin":"BMG8726X1065","value_usd":680036,"pct_val":0.638392857851,"balance":16300,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"BM","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"OFG Bancorp","title":"OFG Bancorp","isin":"PR67103X1020","value_usd":676170,"pct_val":0.629717806503,"balance":16500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"PR","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Ultragenyx Pharmaceutical, Inc.","title":"Ultragenyx Pharmaceutical, Inc.","isin":"US90400D1081","value_usd":670784,"pct_val":0.609890462587,"balance":22300,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Steven Madden Ltd.","title":"Steven Madden Ltd.","isin":"US5562691080","value_usd":662076,"pct_val":0.616592050014,"balance":15900,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Quipt Home Medical Corp.","title":"Quipt Home Medical Corp.","isin":"CA74880P1045","value_usd":660852,"pct_val":0.600860086081,"balance":253200,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Atlantic Union Bankshares Corp.","title":"Atlantic Union Bankshares Corp.","isin":"US04911A1079","value_usd":653626.88,"pct_val":0.613600944497,"balance":20896,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Bank OZK","title":"Bank OZK","isin":"US06417N1037","value_usd":653484,"pct_val":0.608590311703,"balance":14200,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"NRG Energy, Inc.","title":"NRG Energy, Inc.","isin":"US6293775085","value_usd":633006.36,"pct_val":0.594243156537,"balance":3942,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Regal Rexnord Corp.","title":"Regal Rexnord Corp.","isin":"US7587501039","value_usd":631440,"pct_val":0.588060712155,"balance":4500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Cavco Industries, Inc.","title":"Cavco Industries, Inc.","isin":"US1495681074","value_usd":626184.4,"pct_val":0.583166166547,"balance":1060,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"McGraw Hill, Inc.","title":"McGraw Hill, Inc.","isin":"US5809071039","value_usd":623238,"pct_val":0.58042218124,"balance":37772,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Unitil Corp.","title":"Unitil Corp.","isin":"US9132591077","value_usd":592506.8,"pct_val":0.538719239484,"balance":12380,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"NBT Bancorp, Inc.","title":"NBT Bancorp, Inc.","isin":"US6287781024","value_usd":581280,"pct_val":0.541346653303,"balance":14000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Ribbon Communications, Inc.","title":"Ribbon Communications, Inc.","isin":"US7625441040","value_usd":578238.4,"pct_val":0.525746119856,"balance":152168,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Huntsman Corp.","title":"Huntsman Corp.","isin":"US4470111075","value_usd":566638,"pct_val":0.51519880012,"balance":63100,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Steelcase, Inc.","title":"Steelcase, Inc., Class A","isin":"US8581552036","value_usd":557280,"pct_val":0.506690316094,"balance":32400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"AGNC Investment Corp.","title":"AGNC Investment Corp.","isin":"US00123Q1040","value_usd":556072,"pct_val":0.505591977912,"balance":56800,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Skyward Specialty Insurance Group, Inc.","title":"Skyward Specialty Insurance Group, Inc.","isin":"US8309401029","value_usd":551933.8,"pct_val":0.501829442264,"balance":11605,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Flushing Financial Corp.","title":"Flushing Financial Corp.","isin":"US3438731057","value_usd":544187.16,"pct_val":0.510862948842,"balance":45807,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BioMarin Pharmaceutical, Inc.","title":"BioMarin Pharmaceutical, Inc.","isin":"US09061G1013","value_usd":534870,"pct_val":0.498124973252,"balance":9000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"UFP Industries, Inc.","title":"UFP Industries, Inc.","isin":"US90278Q1085","value_usd":518985,"pct_val":0.483331256648,"balance":5700,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Beazer Homes USA, Inc.","title":"Beazer Homes USA, Inc.","isin":"US07556Q8814","value_usd":507799,"pct_val":0.476703078696,"balance":22700,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"FINANCIAL INSTITUTIONS INC","title":"COMMON STOCK","isin":"US3175854047","value_usd":463032.96,"pct_val":0.457758877588,"balance":18551,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Alliance Laundry Holdings, Inc.","title":"Alliance Laundry Holdings, Inc.","isin":"US01862Q1076","value_usd":447700,"pct_val":0.416943463879,"balance":22000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"MODIVCARE INC","title":"COMMON STOCK","isin":"US60783X1046","value_usd":442283.2,"pct_val":0.390884744985,"balance":37355,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Aspen Insurance Holdings Ltd.","title":"Aspen Insurance Holdings Ltd., Class A","isin":"BMG053845019","value_usd":426355.56,"pct_val":0.400246963998,"balance":13548,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"BM","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Chefs' Warehouse, Inc. (The)","title":"Chefs' Warehouse, Inc. (The)","isin":"US1630861011","value_usd":425809,"pct_val":0.387154207589,"balance":7300,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Nicolet Bankshares, Inc.","title":"Nicolet Bankshares, Inc.","isin":"US65406E1029","value_usd":424550,"pct_val":0.39538384541,"balance":3500,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"RadNet, Inc.","title":"RadNet, Inc.","isin":"US7504911022","value_usd":415257,"pct_val":0.386729265088,"balance":5820,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"AMALGAMATED FINANCIAL CORP","title":"COMMON STOCK","isin":"US0226711010","value_usd":391000,"pct_val":0.386546394315,"balance":13600,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Avidia Bancorp, Inc.","title":"Avidia Bancorp, Inc.","isin":"US05369T1007","value_usd":365331.73,"pct_val":0.340233810523,"balance":21733,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Douglas Dynamics, Inc.","title":"Douglas Dynamics, Inc.","isin":"US25960R1059","value_usd":353238,"pct_val":0.321171177642,"balance":11300,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Codexis, Inc.","title":"Codexis, Inc.","isin":"US1920051067","value_usd":343278,"pct_val":0.319695149416,"balance":210600,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Unifi, Inc.","title":"Unifi, Inc.","isin":"US9046772003","value_usd":301017.64,"pct_val":0.273691363697,"balance":63239,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Janux Therapeutics, Inc.","title":"Janux Therapeutics, Inc.","isin":"US47103J1051","value_usd":269734.8,"pct_val":0.251204292697,"balance":19546,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Blackboxstocks, Inc.","title":"Blackboxstocks, Inc.","isin":"US09229E3036","value_usd":210470,"pct_val":0.196010924375,"balance":26000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"HAVERTY FURNITURE COS INC","title":"COMMON STOCK","isin":"US4195961010","value_usd":197416.92,"pct_val":0.195168282871,"balance":10011,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Critical Metals Corp.","title":"Critical Metals Corp.","isin":"VGG2662B1031","value_usd":152041.52,"pct_val":0.141596421716,"balance":21908,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"VG","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"DocGo, Inc.","title":"DocGo, Inc.","isin":"US2560861096","value_usd":123243.12,"pct_val":0.1147764426,"balance":140400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"}],"source_documents":[{"label":"SEC NPORT-P Filings","url":"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=822671&type=NPORT&dateb=&owner=exclude&count=40"}],"dataset":{"json":"https://dealcharts.org/llm/facts/fund/putnam-vt-small-cap-value-fund.json","page":"https://dealcharts.org/capitalmarkets/funds/putnam-vt-small-cap-value-fund/"},"provenance":{"curator":"CMD+RVL","curator_url":"https://cmdrvl.com","platform":"Dealcharts","platform_url":"https://dealcharts.org/","source":"SEC NPORT-P Public Filings","license":"CC-BY 4.0","license_url":"https://creativecommons.org/licenses/by/4.0/","attribution":"Data curated by CMD+RVL from SEC NPORT-P public filings"},"citation":"Fund: Putnam VT Small Cap Value Fund | LEI: PDOQ7DSJON4NJI51RN72 | 178 positions totaling $173,125,403 across STIV, EC | Filing: Tue Feb 24 2026 19:00:00 GMT-0500 (Eastern Standard Time) | Source: SEC NPORT-P via Dealcharts.org","updated_at":"2026-02-25"}
