Location: Lutherville, MD
CIK: 0000919538 · Show all filings
Period: Q2 2025 (← Previous) (Next →)
Filing Date: Aug 8, 2025
Total Value: $298M (74.3% shares, 25.7% debt)
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| RSG | Republic Services, Inc. (RSG) | 88,929 | $21.93M | 7.4% | $246.61 | $26.48 | +824.0% | COM | 760759100 |
| — | EMCOR Group, Inc. (EME) | 37,538 | $20.08M | 6.7% | $534.89 | $47.47 | — | COM | 29084q100 |
| — | Blackstone Mortgage Trust | 15,699,000 | $15.24M | 5.1% | $0.97 | $0.97 | — | CONV | 09257WAE0 |
| — | fuboTV, Inc. | 15,425,000 | $15.05M | 5.1% | $0.98 | $0.97 | — | CONV | 35953DAB0 |
| — | MYR Group, Inc. (MYRG) | 80,364 | $14.58M | 4.9% | $181.45 | $30.14 | — | COM | 55405w104 |
| — | Pebblebrook Hotel Trust | 14,562,000 | $13.76M | 4.6% | $0.95 | $0.92 | — | CONV | 70509VAA8 |
| — | KBR, Inc. (KBR) | 285,686 | $13.7M | 4.6% | $47.94 | $23.75 | — | COM | 48242w106 |
| PRMB | Primo Brands Corporation Class | 366,703 | $10.86M | 3.6% | $29.62 | $28.07 | +5.5% | COM | 741623102 |
| — | Pennymac Corp | 10,452,000 | $10.33M | 3.5% | $0.99 | $0.99 | — | CONV | 70932AAF0 |
| — | Johnson Controls Int'l plc (JC | 96,159 | $10.16M | 3.4% | $105.62 | $41.23 | — | COM | g51502105 |
| — | Redfin Corp. | 10,977,000 | $9.853M | 3.3% | $0.90 | $0.90 | — | CONV | 75737FAE8 |
| WRB | W. R. Berkley Corp. (WRB) | 129,907 | $9.544M | 3.2% | $73.47 | $35.30 | +104.6% | COM | 084423102 |
| GOOG | Alphabet, Inc. - Cl C (GOOG) | 48,030 | $8.52M | 2.9% | $177.39 | $108.11 | +63.8% | COM | 02079K107 |
| — | Snap Inc. | 6,979,000 | $6.316M | 2.1% | $0.90 | $0.85 | — | CONV | 83304AAF3 |
| — | DuPont de Nemours, Inc. (DD) | 86,097 | $5.905M | 2.0% | $68.59 | $71.61 | — | COM | 26614n102 |
| — | DigitalOcean Holdings, Inc. | 5,590,000 | $5.216M | 1.8% | $0.93 | $0.86 | — | CONV | 25402DAB8 |
| — | Alight, Inc. (ALIT) | 909,362 | $5.147M | 1.7% | $5.66 | $7.14 | — | COM | 01626w101 |
| — | EOG Resources (EOG) | 41,548 | $4.97M | 1.7% | $119.61 | $117.65 | — | COM | 26875p101 |
| TMUS | T-Mobile USA, Inc. (TMUS) | 20,080 | $4.784M | 1.6% | $238.26 | $102.81 | +129.8% | COM | 872590104 |
| — | Visa Inc. - Class A (V) | 13,168 | $4.675M | 1.6% | $355.05 | $200.29 | — | COM | 92826c839 |
| AMZN | Amazon.com, Inc. (AMZN) | 21,144 | $4.639M | 1.6% | $219.39 | $124.44 | +76.3% | COM | 023135106 |
| — | Nextracker Inc. Class A (NXT) | 84,083 | $4.572M | 1.5% | $54.37 | $44.73 | — | COM | 65290e101 |
| — | Levi Strauss & Co. Class A (LE | 233,359 | $4.315M | 1.4% | $18.49 | $18.76 | — | COM | 52736r102 |
| — | Ziff Davis, Inc. (ZD) | 135,223 | $4.093M | 1.4% | $30.27 | $68.70 | — | COM | 48123v102 |
| CB | Chubb Limited (CB) | 13,615 | $3.945M | 1.3% | $289.72 | $110.17 | +163.0% | COM | H1467J104 |
| — | Flex Ltd. (FLEX) | 74,846 | $3.736M | 1.3% | $49.92 | $30.46 | — | COM | y2573f102 |
| — | Kenvue Inc (KVUE) | 175,936 | $3.682M | 1.2% | $20.93 | $20.29 | — | COM | 49177j102 |
| — | Nextera Energy Inc. (NEE) | 52,328 | $3.633M | 1.2% | $69.42 | $95.31 | — | COM | 65339f101 |
| — | American Homes 4 Rent (AMH) | 99,894 | $3.603M | 1.2% | $36.07 | $29.02 | — | COM | 02665t306 |
| EMR | Emerson Electric (EMR) | 26,940 | $3.592M | 1.2% | $133.33 | $42.64 | +210.1% | COM | 291011104 |
| DOX | Amdocs Ltd (DOX) | 38,347 | $3.499M | 1.2% | $91.24 | $57.27 | +57.3% | COM | G02602103 |
| MDT | Medtronic plc (MDT) | 38,615 | $3.366M | 1.1% | $87.17 | $76.65 | +12.9% | COM | G5960L103 |
| — | Blackbaud, Inc. (BLKB) | 49,583 | $3.184M | 1.1% | $64.21 | $71.28 | — | COM | 09227q100 |
| — | Primis Financial Corp. (FRST) | 291,000 | $3.157M | 1.1% | $10.85 | $14.22 | — | COM | 74167b109 |
| — | Zimmer Biomet Holdings, Inc. ( | 33,047 | $3.014M | 1.0% | $91.21 | $108.11 | — | COM | 98956p102 |
| SHBI | Shore Bancshares (SHBI) | 157,529 | $2.476M | 0.8% | $15.72 | $11.35 | +38.4% | COM | 825107105 |
| TFX | Teleflex, Inc. (TFX) | 17,549 | $2.077M | 0.7% | $118.36 | $202.21 | -41.8% | COM | 879369106 |
| — | Wyndham Hotels & Resorts (WH) | 24,542 | $1.993M | 0.7% | $81.21 | $53.75 | — | COM | 98311a105 |
| USFD | US Foods Holding Corp. | 24,613 | $1.895M | 0.6% | $77.01 | $37.07 | +107.8% | COM | 912008109 |
| — | Advanced Drainage Systems (WMS | 16,189 | $1.859M | 0.6% | $114.86 | $100.25 | — | COM | 00790r104 |
| WSFS | WSFS Financial (WSFS) | 33,685 | $1.853M | 0.6% | $55.00 | $41.40 | +32.9% | COM | 929328102 |
| MTX | Minerals Technologies Inc. (M | 30,438 | $1.676M | 0.6% | $55.07 | $58.06 | -5.7% | COM | 603158106 |
| NVT | nVent Electric plc (NVT) | 22,786 | $1.669M | 0.6% | $73.25 | $22.01 | +230.7% | COM | G6700G107 |
| SHW | Sherwin-Williams Co. (SHW) | 4,374 | $1.502M | 0.5% | $343.36 | $205.65 | +66.2% | COM | 824348106 |
| RUSHA | Rush Enterprises Class A (RUSH | 28,058 | $1.445M | 0.5% | $51.51 | $34.76 | +48.2% | COM | 781846209 |
| UPS | United Parcel Service, Inc. (U | 14,117 | $1.425M | 0.5% | $100.94 * | $75.28 | +29.4% | COM | 911312106 |
| ABT | Abbott Laboratories (ABT) | 10,375 | $1.411M | 0.5% | $136.01 | $49.80 | +170.7% | COM | 002824100 |
| — | Cadre Holdings, Inc. (CDRE) | 42,449 | $1.352M | 0.5% | $31.85 | $31.66 | — | COM | 12763l105 |
| — | Akamai Technologies, Inc. (AK | 14,198 | $1.132M | 0.4% | $79.76 | $104.35 | — | COM | 00971t101 |
| RUSHB | Rush Enterprises Class B (RUSH | 17,328 | $909K | 0.3% | $52.48 | $20.21 | +157.8% | COM | 781846308 |
| — | Pure Storage, Inc. | 13,289 | $765K | 0.3% | $57.58 | $41.18 | — | COM | 74624m102 |
| — | Haemonetics Corp. | 746,000 | $719K | 0.2% | $0.96 | $0.83 | — | CONV | 405024AB6 |
| — | Cannae Holdings Inc. (CNNE) | 30,599 | $638K | 0.2% | $20.85 | $19.34 | — | COM | 13765n107 |
| DAR | Darling Ingredients Inc. (DAR) | 16,353 | $620K | 0.2% | $37.94 | $57.54 | -34.1% | COM | 237266101 |
| ROP | Roper Technologies, Inc. (ROP) | 1,001 | $567K | 0.2% | $566.84 | $562.13 | +0.3% | COM | 776696106 |
| OCFC | OceanFirst Financial (OCFC) | 30,012 | $529K | 0.2% | $17.61 * | $9.88 | +72.3% | COM | 675234108 |
| JNJ | Johnson & Johnson (JNJ) | 3,138 | $479K | 0.2% | $152.75 | $122.38 | +23.1% | COM | 478160104 |
| — | Vanguard Information Technolog | 692 | $459K | 0.2% | $663.28 | $397.65 | — | COM | 92204a702 |
| PSX | Phillips 66 (PSX) | 3,441 | $411K | 0.1% | $119.30 | $40.93 | +186.2% | COM | 718546104 |
| — | Broadcom Inc. (AVGO) | 1,407 | $388K | 0.1% | $275.65 | $266.88 | — | COM | 11135f101 |
| MSFT | Microsoft Corp. (MSFT) | 680 | $338K | 0.1% | $497.41 | $417.26 | +18.8% | COM | 594918104 |
| KO | Coca Cola Co. (KO) | 3,212 | $227K | 0.1% | $70.75 | $43.78 | +59.3% | COM | 191216100 |
| — | Shoals Technology Grp, Inc. Cl | 50,737 | $216K | 0.1% | $4.25 | $6.74 | — | COM | 82489w107 |