WYNNEFIELD CAPITAL INC

2. Key Holdings

The portfolio is dominated by three primary positions, with the remaining holdings representing marginal allocations.

• Cadre Holdings Inc (CDRE): This is the undisputed flagship position, valued at $41.08 million and representing 51.21% of the portfolio. The manager holds 1.13 million shares. This massive overweight suggests a strong belief in the company’s fundamentals or potential for corporate action.
• DLH Holdings Corp (DLH): The second-largest holding, valued at $20.80 million (25.93% allocation), consists of 3.68 million shares. Along with CDRE, these two names form the core of the fund's equity exposure.
• Sunopta Inc (STKL): This consumer defensive stock accounts for 14.43% of the portfolio ($11.58M). It serves as a significant but subordinate position to the top two.
• Telos Corporation (TELOS): Once a notable position, TELOS has been reduced to a residual holding of just $342,000 (0.43%), following an 87.5% reduction in stake size during the quarter.