Rand Capital Corp (RAND)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Shufro Rose & Co Llc	30,000	$577,500	0.04%
2.	Ewing Morris & Co. Investment Partners Ltd.	14,003	$472,016	0.16%
3.	Nottingham Advisors, Inc.	14,579	$280,646	0.03%
4.	Farther Finance Advisors, Llc	9	$173	0%
5.	Morgan Stanley	1	$30	0%