Location: Lutherville, MD
CIK: 0000919538 · Show all filings
Period: Q1 2025 (← Previous) (Next →)
Filing Date: May 9, 2025
Total Value: $269M (79.8% shares, 20.2% debt)
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| RSG | Republic Services, Inc. (RSG) | 94,673 | $22.93M | 8.5% | $242.16 | $26.48 | +805.1% | COM | 760759100 |
| — | DigitalOcean Holdings, Inc. | 15,697,000 | $14.6M | 5.4% | $0.93 | $0.86 | — | CONV | 25402DAB8 |
| — | KBR, Inc. (KBR) | 288,424 | $14.37M | 5.3% | $49.81 | $23.75 | — | COM | 48242w106 |
| — | EMCOR Group, Inc. (EME) | 38,795 | $14.34M | 5.3% | $369.63 | $47.47 | — | COM | 29084q100 |
| — | Pebblebrook Hotel Trust | 14,017,000 | $13.1M | 4.9% | $0.93 | $0.92 | — | CONV | 70509VAA8 |
| PRMB | Primo Brands Corporation Class | 367,933 | $13.06M | 4.9% | $35.49 | $28.07 | +26.4% | COM | 741623102 |
| — | Blackstone Mortgage Trust | 12,386,000 | $12M | 4.5% | $0.97 | $0.96 | — | CONV | 09257WAE0 |
| WRB | W. R. Berkley Corp. (WRB) | 131,377 | $9.349M | 3.5% | $71.16 * | $35.30 | +96.6% | COM | 084423102 |
| — | MYR Group, Inc. (MYRG) | 82,571 | $9.338M | 3.5% | $113.09 | $30.14 | — | COM | 55405w104 |
| — | Johnson Controls Int'l plc (JC | 97,043 | $7.774M | 2.9% | $80.11 | $41.23 | — | COM | g51502105 |
| GOOG | Alphabet, Inc. - Cl C (GOOG) | 48,953 | $7.648M | 2.8% | $156.23 | $108.11 | +44.1% | COM | 02079K107 |
| — | fuboTV Inc. | 7,450,000 | $7.208M | 2.7% | $0.97 | $0.97 | — | CONV | 35953DAB0 |
| — | DuPont de Nemours, Inc. (DD) | 86,442 | $6.455M | 2.4% | $74.68 | $71.61 | — | COM | 26614n102 |
| — | Snap Inc. | 7,118,000 | $6.344M | 2.4% | $0.89 | $0.85 | — | CONV | 83304AAF3 |
| TMUS | T-Mobile USA, Inc. (TMUS) | 23,336 | $6.224M | 2.3% | $266.71 | $102.81 | +156.3% | COM | 872590104 |
| — | EOG Resources (EOG) | 41,864 | $5.369M | 2.0% | $128.24 | $117.65 | — | COM | 26875p101 |
| — | Alight, Inc. (ALIT) | 844,735 | $5.009M | 1.9% | $5.93 | $7.26 | — | COM | 01626w101 |
| — | Visa Inc. - Class A (V) | 13,588 | $4.762M | 1.8% | $350.46 | $200.29 | — | COM | 92826c839 |
| CB | Chubb Limited (CB) | 15,466 | $4.671M | 1.7% | $301.99 | $110.17 | +173.2% | COM | H1467J104 |
| — | Ziff Davis, Inc. (ZD) | 113,637 | $4.27M | 1.6% | $37.58 | $76.00 | — | COM | 48123v102 |
| AMZN | Amazon.com, Inc. (AMZN) | 21,490 | $4.089M | 1.5% | $190.26 | $124.44 | +52.9% | COM | 023135106 |
| — | Kenvue Inc (KVUE) | 170,007 | $4.077M | 1.5% | $23.98 | $20.27 | — | COM | 49177j102 |
| — | American Homes 4 Rent (AMH) | 100,730 | $3.809M | 1.4% | $37.81 | $29.02 | — | COM | 02665t306 |
| — | Levi Strauss & Co. Class A (LE | 239,476 | $3.733M | 1.4% | $15.59 | $18.76 | — | COM | 52736r102 |
| — | Nextera Energy Inc. (NEE) | 52,490 | $3.721M | 1.4% | $70.89 | $95.31 | — | COM | 65339f101 |
| — | Zimmer Biomet Holdings, Inc. ( | 32,473 | $3.675M | 1.4% | $113.18 | $108.41 | — | COM | 98956p102 |
| MDT | Medtronic plc (MDT) | 40,595 | $3.648M | 1.4% | $89.86 | $76.65 | +15.4% | COM | G5960L103 |
| — | Nextracker Inc. Class A (NXT) | 84,537 | $3.562M | 1.3% | $42.14 | $44.73 | — | COM | 65290e101 |
| DOX | Amdocs Ltd (DOX) | 38,866 | $3.556M | 1.3% | $91.50 | $57.27 | +56.8% | COM | G02602103 |
| — | Dun & Bradstreet Holdings Inc. | 346,181 | $3.095M | 1.2% | $8.94 | $12.78 | — | COM | 26484t106 |
| — | Primis Financial Corp. (FRST) | 306,934 | $2.999M | 1.1% | $9.77 | $14.22 | — | COM | 74167b109 |
| EMR | Emerson Electric (EMR) | 26,892 | $2.948M | 1.1% | $109.64 | $42.64 | +153.9% | COM | 291011104 |
| — | Blackbaud, Inc. (BLKB) | 44,505 | $2.762M | 1.0% | $62.05 | $72.08 | — | COM | 09227q100 |
| TFX | Teleflex, Inc. (TFX) | 19,764 | $2.731M | 1.0% | $138.19 | $202.21 | -32.2% | COM | 879369106 |
| — | Flex Ltd. (FLEX) | 74,846 | $2.476M | 0.9% | $33.08 | $30.46 | — | COM | y2573f102 |
| — | Wyndham Hotels & Resorts (WH) | 24,476 | $2.215M | 0.8% | $90.51 | $53.75 | — | COM | 98311a105 |
| SHBI | Shore Bancshares (SHBI) | 157,644 | $2.135M | 0.8% | $13.54 | $11.35 | +19.2% | COM | 825107105 |
| MTX | Minerals Technologies Inc. (M | 30,438 | $1.935M | 0.7% | $63.57 | $58.06 | +8.7% | COM | 603158106 |
| WSFS | WSFS Financial (WSFS) | 33,755 | $1.751M | 0.7% | $51.87 | $41.40 | +25.3% | COM | 929328102 |
| — | Advanced Drainage Systems (WMS | 15,812 | $1.718M | 0.6% | $108.65 | $99.90 | — | COM | 00790r104 |
| USFD | US Foods Holding Corp. | 24,613 | $1.611M | 0.6% | $65.46 | $37.07 | +76.6% | COM | 912008109 |
| UPS | United Parcel Service, Inc. (U | 14,477 | $1.592M | 0.6% | $109.99 * | $75.28 | +38.7% | COM | 911312106 |
| SHW | Sherwin-Williams Co. (SHW) | 4,415 | $1.542M | 0.6% | $349.19 | $205.65 | +68.7% | COM | 824348106 |
| ABT | Abbott Laboratories (ABT) | 11,373 | $1.509M | 0.6% | $132.65 | $49.80 | +162.8% | COM | 002824100 |
| RUSHA | Rush Enterprises Class A (RUSH | 27,801 | $1.485M | 0.6% | $53.41 | $34.76 | +53.6% | COM | 781846209 |
| — | Cadre Holdings, Inc. (CDRE) | 41,539 | $1.23M | 0.5% | $29.61 | $31.66 | — | COM | 12763l105 |
| NVT | nVent Electric plc (NVT) | 22,786 | $1.194M | 0.4% | $52.42 | $22.01 | +135.8% | COM | G6700G107 |
| — | Akamai Technologies, Inc. (AK | 14,198 | $1.143M | 0.4% | $80.50 | $104.35 | — | COM | 00971t101 |
| RUSHB | Rush Enterprises Class B (RUSH | 17,328 | $979K | 0.4% | $56.52 | $20.21 | +176.7% | COM | 781846308 |
| DAR | Darling Ingredients Inc. (DAR) | 29,795 | $931K | 0.3% | $31.24 | $57.54 | -45.7% | COM | 237266101 |
| — | Invesco Solar ETF (TAN) | 24,729 | $753K | 0.3% | $30.46 | $31.30 | — | COM | 46138g706 |
| — | Haemonetics Corp. | 730,000 | $697K | 0.3% | $0.95 | $0.83 | — | CONV | 405024AB6 |
| — | Cannae Holdings Inc. (CNNE) | 30,599 | $561K | 0.2% | $18.33 | $19.34 | — | COM | 13765n107 |
| — | Pure Storage, Inc. | 12,364 | $547K | 0.2% | $44.27 | $39.96 | — | COM | 74624m102 |
| JNJ | Johnson & Johnson (JNJ) | 3,148 | $522K | 0.2% | $165.84 * | $122.38 | +32.5% | COM | 478160104 |
| OCFC | OceanFirst Financial (OCFC) | 30,012 | $511K | 0.2% | $17.01 * | $9.88 | +64.5% | COM | 675234108 |
| — | Shoals Technology Grp, Inc. Cl | 141,688 | $470K | 0.2% | $3.32 | $6.74 | — | COM | 82489w107 |
| PSX | Phillips 66 (PSX) | 3,441 | $425K | 0.2% | $123.48 * | $40.93 | +193.4% | COM | 718546104 |
| — | Vanguard Information Technolog | 710 | $385K | 0.1% | $542.38 | $397.65 | — | COM | 92204a702 |
| — | Pennymac Corp | 343,000 | $339K | 0.1% | $0.99 | $0.99 | — | CONV | 70932AAF0 |
| MSFT | Microsoft Corp. (MSFT) | 685 | $257K | 0.1% | $375.39 | $417.26 | -10.5% | COM | 594918104 |
| — | Broadcom Inc. (AVGO) | 1,407 | $236K | 0.1% | $167.43 | $266.88 | — | COM | 11135f101 |
| KO | Coca Cola Co. (KO) | 3,232 | $231K | 0.1% | $71.62 * | $43.78 | +60.1% | COM | 191216100 |