Location: Lutherville, MD
CIK: 0000919538 · Show all filings
Period: Q4 2024 (← Previous) (Next →)
Filing Date: Feb 12, 2025
Total Value: $279M (80.8% shares, 19.2% debt)
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| RSG | Republic Services, Inc. (RSG) | 103,023 | $20.73M | 7.4% | $201.18 | $26.48 | +649.8% | COM | 760759100 |
| — | EMCOR Group, Inc. (EME) | 38,194 | $17.34M | 6.2% | $453.90 | $42.40 | — | COM | 29084q100 |
| — | KBR, Inc. (KBR) | 287,232 | $16.64M | 6.0% | $57.93 | $23.75 | — | COM | 48242w106 |
| — | DigitalOcean Holdings, Inc. | 16,025,000 | $14.22M | 5.1% | $0.89 | $0.86 | — | CONV | 25402DAB8 |
| — | Pebblebrook Hotel Trust | 14,218,000 | $13.2M | 4.7% | $0.93 | $0.92 | — | CONV | 70509VAA8 |
| — | MYR Group, Inc. (MYRG) | 82,084 | $12.21M | 4.4% | $148.77 | $30.14 | — | COM | 55405w104 |
| PRMB | Primo Brands Corporation Class | 366,875 | $11.29M | 4.0% | $30.77 | $28.07 | +9.6% | COM | 741623102 |
| GOOG | Alphabet, Inc. - Cl C (GOOG) | 49,408 | $9.409M | 3.4% | $190.44 | $108.11 | +75.5% | COM | 02079K107 |
| — | Blackstone Mortgage Trust | 9,169,000 | $8.825M | 3.2% | $0.96 | $0.96 | — | CONV | 09257WAE0 |
| — | Johnson Controls Int'l plc (JC | 102,956 | $8.126M | 2.9% | $78.93 | $41.23 | — | COM | g51502105 |
| WRB | W. R. Berkley Corp. (WRB) | 130,227 | $7.621M | 2.7% | $58.52 * | $35.30 | +61.4% | COM | 084423102 |
| — | Cracker Barrel Old Country Sto | 7,230,000 | $6.796M | 2.4% | $0.94 | $0.90 | — | CONV | 22410JAB2 |
| — | DuPont de Nemours, Inc. (DD) | 85,936 | $6.553M | 2.3% | $76.25 | $71.61 | — | COM | 26614n102 |
| — | Snap Inc. | 7,216,000 | $6.26M | 2.2% | $0.87 | $0.85 | — | CONV | 83304AAF3 |
| — | Ziff Davis, Inc. (ZD) | 110,438 | $6.001M | 2.2% | $54.34 | $77.11 | — | COM | 48123v102 |
| — | Alight, Inc. (ALIT) | 819,657 | $5.672M | 2.0% | $6.92 | $7.30 | — | COM | 01626w101 |
| TMUS | T-Mobile USA, Inc. (TMUS) | 23,883 | $5.272M | 1.9% | $220.73 | $102.81 | +111.4% | COM | 872590104 |
| — | EOG Resources (EOG) | 41,588 | $5.098M | 1.8% | $122.58 | $117.65 | — | COM | 26875p101 |
| AMZN | Amazon.com, Inc. (AMZN) | 21,428 | $4.701M | 1.7% | $219.39 | $124.44 | +76.3% | COM | 023135106 |
| — | Visa Inc. - Class A (V) | 13,837 | $4.373M | 1.6% | $316.04 | $200.29 | — | COM | 92826c839 |
| CB | Chubb Limited (CB) | 15,545 | $4.295M | 1.5% | $276.30 | $110.17 | +149.2% | COM | H1467J104 |
| — | Levi Strauss & Co. Class A (LE | 237,518 | $4.109M | 1.5% | $17.30 | $18.76 | — | COM | 52736r102 |
| — | American Homes 4 Rent (AMH) | 100,115 | $3.746M | 1.3% | $37.42 | $29.02 | — | COM | 02665t306 |
| MDT | Medtronic plc (MDT) | 46,513 | $3.715M | 1.3% | $79.88 * | $76.65 | +1.8% | COM | G5960L103 |
| — | Dun & Bradstreet Holdings Inc. | 292,701 | $3.647M | 1.3% | $12.46 | $13.48 | — | COM | 26484t106 |
| — | Nextera Energy Inc. (NEE) | 50,805 | $3.642M | 1.3% | $71.69 | $96.12 | — | COM | 65339f101 |
| — | Kenvue Inc (KVUE) | 168,859 | $3.605M | 1.3% | $21.35 | $20.27 | — | COM | 49177j102 |
| — | Wyndham Hotels & Resorts (WH) | 35,605 | $3.589M | 1.3% | $100.79 | $53.75 | — | COM | 98311a105 |
| — | Primis Financial Corp. (FRST) | 306,932 | $3.579M | 1.3% | $11.66 | $14.22 | — | COM | 74167b109 |
| TFX | Teleflex, Inc. (TFX) | 19,304 | $3.436M | 1.2% | $177.98 | $203.21 | -13.4% | COM | 879369106 |
| — | Chegg Inc. | 3,538,000 | $3.43M | 1.2% | $0.97 | $0.97 | — | CONV | 163092AD1 |
| EMR | Emerson Electric (EMR) | 26,749 | $3.315M | 1.2% | $123.93 | $42.64 | +185.8% | COM | 291011104 |
| DOX | Amdocs Ltd (DOX) | 38,714 | $3.296M | 1.2% | $85.14 * | $57.27 | +45.0% | COM | G02602103 |
| — | Zimmer Biomet Holdings, Inc. ( | 30,542 | $3.226M | 1.2% | $105.63 | $108.11 | — | COM | 98956p102 |
| — | Nextracker Inc. Class A (NXT) | 84,116 | $3.073M | 1.1% | $36.53 | $44.73 | — | COM | 65290e101 |
| — | Flex Ltd. (FLEX) | 74,806 | $2.872M | 1.0% | $38.39 | $30.46 | — | COM | y2573f102 |
| — | Blackbaud, Inc. (BLKB) | 36,664 | $2.71M | 1.0% | $73.92 | $74.23 | — | COM | 09227q100 |
| SHBI | Shore Bancshares (SHBI) | 157,589 | $2.498M | 0.9% | $15.85 | $11.35 | +39.6% | COM | 825107105 |
| MTX | Minerals Technologies Inc. (M | 30,438 | $2.32M | 0.8% | $76.21 | $58.06 | +30.1% | COM | 603158106 |
| WSFS | WSFS Financial (WSFS) | 33,735 | $1.792M | 0.6% | $53.13 | $41.40 | +28.3% | COM | 929328102 |
| UPS | United Parcel Service, Inc. (U | 13,905 | $1.753M | 0.6% | $126.10 * | $73.74 | +60.0% | COM | 911312106 |
| USFD | US Foods Holding Corp. | 24,486 | $1.652M | 0.6% | $67.46 | $37.07 | +82.0% | COM | 912008109 |
| — | Advanced Drainage Systems (WMS | 14,131 | $1.634M | 0.6% | $115.60 | $98.86 | — | COM | 00790r104 |
| NVT | nVent Electric plc (NVT) | 22,748 | $1.551M | 0.6% | $68.16 | $22.01 | +205.7% | COM | G6700G107 |
| RUSHA | Rush Enterprises Class A (RUSH | 27,765 | $1.521M | 0.5% | $54.79 | $34.76 | +57.6% | COM | 781846209 |
| SHW | Sherwin-Williams Co. (SHW) | 4,398 | $1.495M | 0.5% | $339.93 | $205.65 | +63.8% | COM | 824348106 |
| — | Akamai Technologies, Inc. (AK | 14,198 | $1.358M | 0.5% | $95.65 | $104.35 | — | COM | 00971t101 |
| ABT | Abbott Laboratories (ABT) | 11,178 | $1.264M | 0.5% | $113.11 | $48.48 | +129.0% | COM | 002824100 |
| — | Cadre Holdings, Inc. (CDRE) | 31,604 | $1.021M | 0.4% | $32.30 | $32.30 | — | COM | 12763l105 |
| DAR | Darling Ingredients Inc. (DAR) | 29,795 | $1.004M | 0.4% | $33.69 | $57.54 | -41.5% | COM | 237266101 |
| — | Invesco Solar ETF (TAN) | 29,689 | $983K | 0.4% | $33.12 | $31.30 | — | COM | 46138g706 |
| RUSHB | Rush Enterprises Class B (RUSH | 17,328 | $943K | 0.3% | $54.44 | $20.21 | +165.7% | COM | 781846308 |
| JNJ | Johnson & Johnson (JNJ) | 5,507 | $796K | 0.3% | $144.62 * | $122.38 | +14.7% | COM | 478160104 |
| — | Vanguard Information Technolog | 1,139 | $708K | 0.3% | $621.80 | $397.65 | — | COM | 92204a702 |
| — | Haemonetics Corp. | 730,000 | $687K | 0.2% | $0.94 | $0.83 | — | CONV | 405024AB6 |
| — | Cannae Holdings Inc. (CNNE) | 30,599 | $608K | 0.2% | $19.86 | $19.34 | — | COM | 13765n107 |
| — | Shoals Technology Grp, Inc. Cl | 107,113 | $592K | 0.2% | $5.53 | $7.84 | — | COM | 82489w107 |
| OCFC | OceanFirst Financial (OCFC) | 30,012 | $543K | 0.2% | $18.10 * | $9.88 | +73.1% | COM | 675234108 |
| PSX | Phillips 66 (PSX) | 3,441 | $392K | 0.1% | $113.93 * | $40.93 | +168.3% | COM | 718546104 |
| — | Pure Storage, Inc. | 6,195 | $381K | 0.1% | $61.43 | $35.66 | — | COM | 74624m102 |
| — | Broadcom Inc. (AVGO) | 1,578 | $366K | 0.1% | $231.84 | $266.88 | — | COM | 11135f101 |
| MSFT | Microsoft Corp. (MSFT) | 733 | $309K | 0.1% | $421.50 | $417.26 | +0.3% | COM | 594918104 |
| — | Vanguard Consumer Discretionar | 725 | $272K | 0.1% | $375.38 | $295.74 | — | COM | 92204a108 |
| — | Vanguard Health Care ETF (VHT | 1,026 | $260K | 0.1% | $253.69 | $233.94 | — | COM | 92204a504 |
| — | JPMorgan Chase & Co. (JPM) | 988 | $237K | 0.1% | $239.71 | $170.10 | — | COM | 46625h100 |
| — | First Tr NASDAQ Cybersecurity | 3,204 | $203K | 0.1% | $63.45 | $42.75 | — | COM | 33734x846 |
| KO | Coca Cola Co. (KO) | 3,232 | $201K | 0.1% | $62.26 * | $43.78 | +38.1% | COM | 191216100 |