PARK CIRCLE Co Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ABBV	ABBVIE INC	65,895 (-9.1%)	$14,332 (-13.5%)	13.3%	$86.53	+157.2%	COM	00287Y109
GS	GOLDMAN SACHS GROUP	9,545 (-15.2%)	$8,075 (-18.3%)	7.5%	$133.70	+597.5%	COM	38141G104
—	NVIDIA CORP	12,500 (-40.5%)	$2,180 (-44.3%)	2.0%	—	—	PUT	67066G954
TRV	TRAVELERS COMPANIES INC	39,876 (-11.0%)	$11,544 (-11.2%)	10.7%	$64.62	+346.5%	COM	89417E109
—	NVIDIA CORP	3,000 (-25.0%)	$523 (-29.9%)	0.5%	—	—	CALL	67066G904

Unchanged Positions (43)

VZ VERIZON COMMUNICATIONS INC 8.0%

Value ($000) $8,601 Shares 171,340 Est. Cost $33.29 Unrealized +31.6%

MO ALTRIA GROUP INC 5.3%

Value ($000) $5,678 Shares 86,050 Est. Cost $30.64 Unrealized +105.7%

XOM EXXON MOBIL CORP 2.1%

Value ($000) $2,285 Shares 13,468 Est. Cost $30.36 Unrealized +357.0%

MC MOELIS & CO 2.6%

Value ($000) $2,843 Shares 49,876 Est. Cost $30.21 Unrealized +132.8%

TROW PRICE T ROWE GROUP INC 3.7%

Value ($000) $3,970 Shares 44,041 Est. Cost $81.90 Unrealized +23.6%

SUN SUNOCO LP / SUNOCO FIN CORP 2.2%

Value ($000) $2,362 Shares 36,350 Est. Cost $37.55 Unrealized —

ORI OLD REP INTL CORP 2.9%

Value ($000) $3,152 Shares 79,000 Est. Cost $17.24 Unrealized +141.1%

IBM INTERNATIONAL BUSINESS MACHS 1.6%

Value ($000) $1,721 Shares 7,100 Est. Cost $96.22 Unrealized +195.1%

PFE PFIZER INC 3.2%

Value ($000) $3,429 Shares 122,105 Est. Cost $23.45 Unrealized +11.6%

— BLACKSTONE GROUP LP 1.0%

Value ($000) $1,092 Shares 9,500 Est. Cost $44.45 Unrealized —

SBUX STARBUCKS CORP 5.7%

Value ($000) $6,148 Shares 68,620 Est. Cost $35.11 Unrealized +166.7%

— TOTALENERGIES SE 0.8%

Value ($000) $910 Shares 10,000 Est. Cost $45.30 Unrealized —

AAPL APPLE INC 2.6%

Value ($000) $2,766 Shares 10,900 Est. Cost $140.70 Unrealized +86.8%

PRU PRUDENTIAL FINANCIAL INC 1.1%

Value ($000) $1,147 Shares 11,740 Est. Cost $85.75 Unrealized +25.2%

NVDA NVIDIA CORP 2.3%

Value ($000) $2,442 Shares 14,000 Est. Cost $92.51 Unrealized +101.7%

TSLX SIXTH STREET SPECIALITY LENDN 0.7%

Value ($000) $738 Shares 40,145 Est. Cost $21.12 Unrealized -1.4%

HAS HASBRO INC 0.9%

Value ($000) $936 Shares 10,000 Est. Cost $61.59 Unrealized +50.5%

CM CDN IMPERIAL BK COMM TORONTO 2.5%

Value ($000) $2,653 Shares 28,000 Est. Cost $35.95 Unrealized +163.1%

CPT CAMDEN PPTY TR 0.8%

Value ($000) $908 Shares 9,300 Est. Cost $85.20 Unrealized +29.3%

NKE NIKE INC 0.5%

Value ($000) $528 Shares 10,000 Est. Cost $64.91 Unrealized -1.4%

ENB ENBRIDGE INC 0.7%

Value ($000) $725 Shares 13,400 Est. Cost $20.25 Unrealized +139.9%

BMY BRISTOL MYERS SQUIBB CO 0.7%

Value ($000) $710 Shares 11,700 Est. Cost $43.65 Unrealized +31.6%

PM PHILIP MORRIS INTL INC 2.4%

Value ($000) $2,603 Shares 15,745 Est. Cost $56.59 Unrealized +210.8%

TFC TRUIST FINL CORP 0.9%

Value ($000) $1,024 Shares 22,285 Est. Cost $32.26 Unrealized +58.5%

WU WESTERN UN CO 0.8%

Value ($000) $899 Shares 103,010 Est. Cost $7.99 Unrealized —

BNS BANK NOVA SCOTIA HALIFAX 0.7%

Value ($000) $728 Shares 10,500 Est. Cost $48.65 Unrealized +54.0%

ARCC ARES CAP CORP 0.3%

Value ($000) $360 Shares 20,000 Est. Cost $7.90 Unrealized +153.4%

SPH SUBURBAN PROPANE PARTNERS L 0.6%

Value ($000) $650 Shares 33,000 Est. Cost $15.36 Unrealized —

AVGO BROADCOM INC 0.3%

Value ($000) $310 Shares 1,000 Est. Cost $144.63 Unrealized +131.0%

JPM JPMORGAN CHASE & CO 0.4%

Value ($000) $382 Shares 1,300 Est. Cost $106.24 Unrealized +193.1%

GEHC GE HEALTHCARE TECHNOLOGIES 0.2%

Value ($000) $208 Shares 2,916 Est. Cost $71.08 Unrealized +15.7%

TD TORONTO DOMINION BK ONT 2.0%

Value ($000) $2,174 Shares 23,300 Est. Cost $45.58 Unrealized +109.0%

COLB COLUMBIA BKG SYS INC 1.4%

Value ($000) $1,492 Shares 54,400 Est. Cost $17.32 Unrealized +73.0%

SHOP SHOPIFY INC 0.1%

Value ($000) $77 Shares 650 Est. Cost $42.46 Unrealized +221.3%

QCOM QUALCOMM INC 0.1%

Value ($000) $77 Shares 600 Est. Cost $89.37 Unrealized +72.2%

NLY ANNALY CAPITAL MANAGEMENT IN 0.4%

Value ($000) $423 Shares 20,000 Est. Cost $18.82 Unrealized —

RBLX ROBLOX CORP 0.0%

Value ($000) $45 Shares 800 Est. Cost $35.60 Unrealized +101.5%

VRTX VERTEX PHARMACEUTICALS INC 1.1%

Value ($000) $1,234 Shares 2,764 Est. Cost $369.42 Unrealized +26.6%

PLTR PALANTIR TECHNOLOGIES 0.1%

Value ($000) $73 Shares 500 Est. Cost $14.39 Unrealized +971.1%

ETSY ETSY INC 0.1%

Value ($000) $125 Shares 2,500 Est. Cost $10.63 Unrealized +425.4%

ADT ADT INC 0.0%

Value ($000) $46 Shares 6,946 Est. Cost $6.80 Unrealized +17.9%

MS MORGAN STANLEY 0.1%

Value ($000) $132 Shares 800 Est. Cost $77.05 Unrealized +133.2%

— DESKTOP METAL INC 0.0%

Value ($000) $1 Shares 200 Est. Cost $2.30 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VZ	VERIZON COMMUNICATIONS INC	171,340	$8,601	8.0%	$33.29	+31.6%	COM	92343V104
MO	ALTRIA GROUP INC	86,050	$5,678	5.3%	$30.64	+105.7%	COM	02209S103
XOM	EXXON MOBIL CORP	13,468	$2,285	2.1%	$30.36	+357.0%	COM	30231G102
MC	MOELIS & CO	49,876	$2,843	2.6%	$30.21	+132.8%	CL A	60786M105
TROW	PRICE T ROWE GROUP INC	44,041	$3,970	3.7%	$81.90	+23.6%	COM	74144T108
SUN	SUNOCO LP / SUNOCO FIN CORP	36,350	$2,362	2.2%	$37.55	—	COM UT REP LP	86765K109
ORI	OLD REP INTL CORP	79,000	$3,152	2.9%	$17.24	+141.1%	COM	680223104
IBM	INTERNATIONAL BUSINESS MACHS	7,100	$1,721	1.6%	$96.22	+195.1%	COM	459200101
PFE	PFIZER INC	122,105	$3,429	3.2%	$23.45	+11.6%	COM	717081103
—	BLACKSTONE GROUP LP	9,500	$1,092	1.0%	$44.45	—	COM UNIT LTD	09253U108
SBUX	STARBUCKS CORP	68,620	$6,148	5.7%	$35.11	+166.7%	COM	855244109
—	TOTALENERGIES SE	10,000	$910	0.8%	$45.30	—	SPONSORED ADS	89151E109
AAPL	APPLE INC	10,900	$2,766	2.6%	$140.70	+86.8%	COM	037833100
PRU	PRUDENTIAL FINANCIAL INC	11,740	$1,147	1.1%	$85.75	+25.2%	COM	744320102
NVDA	NVIDIA CORP	14,000	$2,442	2.3%	$92.51	+101.7%	COM	67066G104
TSLX	SIXTH STREET SPECIALITY LENDN	40,145	$738	0.7%	$21.12	-1.4%	COM	83012A109
HAS	HASBRO INC	10,000	$936	0.9%	$61.59	+50.5%	COM	418056107
CM	CDN IMPERIAL BK COMM TORONTO	28,000	$2,653	2.5%	$35.95	+163.1%	COM	136069101
CPT	CAMDEN PPTY TR	9,300	$908	0.8%	$85.20	+29.3%	SH BEN INT	133131102
NKE	NIKE INC	10,000	$528	0.5%	$64.91	-1.4%	CL B	654106103
ENB	ENBRIDGE INC	13,400	$725	0.7%	$20.25	+139.9%	COM	29250N105
BMY	BRISTOL MYERS SQUIBB CO	11,700	$710	0.7%	$43.65	+31.6%	COM	110122108
PM	PHILIP MORRIS INTL INC	15,745	$2,603	2.4%	$56.59	+210.8%	COM	718172109
TFC	TRUIST FINL CORP	22,285	$1,024	0.9%	$32.26	+58.5%	COM	89832Q109
WU	WESTERN UN CO	103,010	$899	0.8%	$7.99	—	COM	959802109
BNS	BANK NOVA SCOTIA HALIFAX	10,500	$728	0.7%	$48.65	+54.0%	COM	064149107
ARCC	ARES CAP CORP	20,000	$360	0.3%	$7.90	+153.4%	COM	04010L103
SPH	SUBURBAN PROPANE PARTNERS L	33,000	$650	0.6%	$15.36	—	UNIT LTD PARTN	864482104
AVGO	BROADCOM INC	1,000	$310	0.3%	$144.63	+131.0%	COM	11135F101
JPM	JPMORGAN CHASE & CO	1,300	$382	0.4%	$106.24	+193.1%	COM	46625H100
GEHC	GE HEALTHCARE TECHNOLOGIES	2,916	$208	0.2%	$71.08	+15.7%	COM	36266G107
TD	TORONTO DOMINION BK ONT	23,300	$2,174	2.0%	$45.58	+109.0%	COM NEW	891160509
COLB	COLUMBIA BKG SYS INC	54,400	$1,492	1.4%	$17.32	+73.0%	COM	197236102
SHOP	SHOPIFY INC	650	$77	0.1%	$42.46	+221.3%	CL A	82509L107
QCOM	QUALCOMM INC	600	$77	0.1%	$89.37	+72.2%	COM	747525103
NLY	ANNALY CAPITAL MANAGEMENT IN	20,000	$423	0.4%	$18.82	—	COM NEW	035710839
RBLX	ROBLOX CORP	800	$45	0.0%	$35.60	+101.5%	CL A	771049103
VRTX	VERTEX PHARMACEUTICALS INC	2,764	$1,234	1.1%	$369.42	+26.6%	COM	92532F100
PLTR	PALANTIR TECHNOLOGIES	500	$73	0.1%	$14.39	+971.1%	CL A COM	69608A108
ETSY	ETSY INC	2,500	$125	0.1%	$10.63	+425.4%	COM	29786A106
ADT	ADT INC	6,946	$46	0.0%	$6.80	+17.9%	COM	00090Q103
MS	MORGAN STANLEY	800	$132	0.1%	$77.05	+133.2%	COM NEW	617446448
—	DESKTOP METAL INC	200	$1	0.0%	$2.30	—	COM CL A	25058X105