Location: New York, NY
CIK: 0001633625 · Show all filings
Period: Q2 2025 (← Previous) (Next →)
Filing Date: Aug 4, 2025
Total Value: $445M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| MERC | MERCER INTERNATIONAL INC SBI | 16,480,000 | $57.68M | 13.0% | $6.03 | -32.8% | Com | 588056101 |
| GS | GOLDMAN SACHS GROUP INC | 75,200 | $53.22M | 12.0% | $226.28 | +152.7% | Com | 38141G104 |
| RJF | RAYMOND JAMES FNCL INC | 298,125 | $45.72M | 10.3% | $49.22 | +188.2% | Com | 754730109 |
| AMGN | AMGEN INC | 92,500 | $25.83M | 5.8% | $122.75 | +126.3% | Com | 031162100 |
| NTPIF | NAM TAI PROPERTY INC | 5,774,800 | $24.25M | 5.4% | $6.56 | -32.7% | Com | G63907102 |
| — | NAM TAI G63907-10-2 PRIVATE | 5,336,452 | $22.41M | 5.0% | $5.50 | — | Com | G63907PP1 |
| SRL | SCULLY ROYALTY LTD | 3,416,664 | $19.82M | 4.5% | $9.79 | -27.8% | Com | G7T96K107 |
| GLW | CORNING INC | 367,350 | $19.32M | 4.3% | $33.25 | +39.3% | Com | 219350105 |
| SIGI | SELECTIVE INS GROUP INC | 200,000 | $17.33M | 3.9% | $21.49 | +300.8% | Com | 816300107 |
| MTN | VAIL RESORTS INC. | 84,000 | $13.2M | 3.0% | $130.62 | +13.7% | Com | 91879Q109 |
| — | ARGONAUT GROUP STATUTORY TR - CALL | 12,000 | $12M | 2.7% | $1000.00 | — | Pref | 8AMCSFQW9 |
| EMR | EMERSON ELEC CO | 80,000 | $10.67M | 2.4% | $44.61 | +154.5% | Com | 291011104 |
| HLIO | HELIOS TECHNOLOGIES INC | 300,000 | $10.01M | 2.2% | $46.71 | -35.5% | Com | 42328H109 |
| XOM | EXXON MOBIL CORP | 79,600 | $8.581M | 1.9% | $44.77 | +133.4% | Com | 30231G102 |
| — | DELPHI FINANCIAL GROUP - CALLABLE | 328,790 | $7.973M | 1.8% | $19.89 | — | Pref | 247131303 |
| — | TENNESSEE VALLEY AUTHORITY | 260,000 | $6.032M | 1.4% | $20.67 | — | Pref | 880591409 |
| — | WINTRUST FINANCIAL CORP-CALL | 200,000 | $5.134M | 1.2% | $25.67 | — | Pref | 97650W702 |
| — | KKR & CO INC | 200,000 | $5.102M | 1.1% | $25.51 | — | Pref | 48251W609 |
| — | WINTRUST FINANCIAL CORP-CALLABLE | 200,000 | $5.07M | 1.1% | $25.35 | — | Pref | 97650W405 |
| — | ALGONQUIN POWER & UTILITIES CORP | 200,000 | $5.04M | 1.1% | $25.20 | — | Pref | 015857808 |
| AMD | ADVANCED MICRO DEVICES INC | 33,936 | $4.816M | 1.1% | $119.38 | -8.8% | Com | 007903107 |
| — | ZIEGLER COS INC THE | 48,972 | $4.065M | 0.9% | $83.00 | — | Com | 989506308 |
| GE | GENERAL ELECTRIC CO | 15,125 | $3.893M | 0.9% | $62.95 | +247.2% | Com | 369604301 |
| — | WINTRUST FINL CORP | 120,000 | $3.046M | 0.7% | $25.38 | — | Pref | 97650W504 |
| — | F&G ANNUITIES & LIFE INC - CALLABL | 120,000 | $2.933M | 0.7% | $24.60 | — | Pref | 30190A609 |
| — | TENNESSEE VALLEY AUTHORITY PARRS | 120,000 | $2.83M | 0.6% | $21.98 | — | Pref | 880591300 |
| — | EAGLE POINT CREDIT CO-CALLABLE | 120,000 | $2.773M | 0.6% | $23.97 | — | Pref | 269809885 |
| JCI | JOHNSON CTLS INTL PLC | 23,874 | $2.522M | 0.6% | $33.21 | +176.3% | Com | G51502105 |
| — | OXFORD LANE CAP CORP | 100,000 | $2.471M | 0.6% | $24.63 | — | Pref | 691543854 |
| CVX | CHEVRON CORPORATION | 16,000 | $2.291M | 0.5% | $104.13 | +31.6% | Com | 166764100 |
| — | US BANCORP -CALLABLE | 120,000 | $2.197M | 0.5% | $18.32 | — | Pref | 902973668 |
| TEL | TE CONNECTIVITY COM | 12,500 | $2.108M | 0.5% | $146.90 | +2.7% | Com | G87052109 |
| — | OXFORD LANE CAP CORP | 80,000 | $2.046M | 0.5% | $25.00 | — | Pref | 691543862 |
| GEV | GE VERNOVA INC | 3,780 | $2M | 0.4% | $158.10 | +163.1% | Com | 36828A101 |
| AHL 7 PERP | ASPEN INSURANCE HOLDINGS-CALL | 80,000 | $1.933M | 0.4% | $25.39 | — | Pref | G05384170 |
| TRTN 7.625 PERP | TRITON INTL LTD-CALLABLE | 80,000 | $1.919M | 0.4% | $25.15 | — | Pref | G9078F164 |
| — | AFFILIATED MANAGERS GROUP INC-CALL | 80,000 | $1.867M | 0.4% | $12.77 | — | Pref | 008252827 |
| — | COREBRIDGE FINL INC-CALLABLE | 80,000 | $1.853M | 0.4% | $25.40 | — | Pref | 21871X208 |
| MCD | MCDONALDS CORP | 6,250 | $1.826M | 0.4% | $70.55 | +330.3% | Com | 580135101 |
| — | AXIS CAPITAL HOLDINGS-CALLABLE | 70,000 | $1.395M | 0.3% | $25.35 | — | Pref | 05461T305 |
| — | UMB FINANCIAL CORP-CALLABLE | 50,000 | $1.297M | 0.3% | $25.93 | — | Pref | 902788405 |
| — | ARGO GROUP INTL HLDGS INC - CALLAB | 50,000 | $1.254M | 0.3% | $25.03 | — | Pref | 040128407 |
| PRE 4.875 PERP J | PARTNERRE LTD - CALLABLE | 60,000 | $1.029M | 0.2% | $17.17 | — | Pref | G68603169 |
| XXCHNXX | CHINA FUND INC | 68,399 | $1.018M | 0.2% | $18.23 | — | Com | 169373107 |
| — | WESBANCO INC -CALLABLE | 40,000 | $1.011M | 0.2% | $25.28 | — | Pref | 950810705 |
| — | BANK OZK | 60,000 | $976K | 0.2% | $25.22 | — | Pref | 06417N202 |
| PHIG | PHI GROUP INC | 39,712 | $973K | 0.2% | $1.01 | +1920.5% | Com | 69360B104 |
| PG | PROCTER & GAMBLE CO | 5,700 | $908K | 0.2% | $70.43 | +128.3% | Com | 742718109 |
| — | B RILEY FINANCIAL INC - CALLABLE | 140,000 | $888K | 0.2% | $25.11 | — | Pref | 05580M819 |
| — | HUDSON PACIFIC PROPERTIES INC-CALL | 55,000 | $829K | 0.2% | $25.98 | — | Pref | 444097307 |
| — | CUSTOMERS BANCORP INC | 40,000 | $791K | 0.2% | $25.30 | — | Pref | 23204G803 |
| — | PROSPECT CAP CORP | 50,000 | $775K | 0.2% | $23.36 | — | Pref | 74348T565 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL CL A | 1 | $729K | 0.2% | $219080.23 | +247.7% | Com | 084670108 |
| SPB | SPECTRUM BRANDS HOLDINGS INC | 12,799 | $678K | 0.2% | $56.67 | +5.2% | Com | 84790A105 |
| AMTM | AMENTUM HOLDINGS INC | 24,693 | $583K | 0.1% | $20.90 | 0.0% | Com | 023939101 |
| — | UMB FINL CORP | 22,500 | $561K | 0.1% | $24.98 | — | Pref | 902788207 |
| NNN | NATIONAL RETAIL PPTYS INC | 13,000 | $561K | 0.1% | $39.38 | — | Com | 637417106 |
| — | AMERICAN NATIONAL GROUP INC | 20,000 | $502K | 0.1% | $25.10 | — | Pref | 025676867 |
| — | ATLANTICUS HOLDINS CORP - CALL | 20,000 | $484K | 0.1% | $25.56 | — | Pref | 04914Y300 |
| — | BROOKFIELD BRP HLDGS INC-CALLABLE | 20,000 | $459K | 0.1% | $25.01 | — | Pref | 11259P307 |
| — | READY CAPITAL CORP | 20,000 | $457K | 0.1% | $25.11 | — | Pref | 75574U838 |
| BP | BP P.L.C. SPONSORED ADR - CMN | 15,000 | $449K | 0.1% | $38.13 | — | Com | 055622104 |
| IBM | INTL BUSINESS MACHINES CORP | 1,500 | $442K | 0.1% | $99.06 | +156.2% | Com | 459200101 |
| — | SCE TR VIII-CALLABLE | 20,000 | $430K | 0.1% | $25.84 | — | Pref | 80620A208 |
| GEHC | GE HEALTHCARE TECHNOLOGIES INC | 5,040 | $373K | 0.1% | $71.08 | -2.2% | Com | 36266G107 |
| ABBV | ABBVIE INC | 1,948 | $362K | 0.1% | $70.50 | +159.1% | Com | 00287Y109 |
| — | SLM CORP PFD SERIES B | 4,500 | $329K | 0.1% | $52.67 | — | Pref | 78442P502 |
| — | OFFICE PPTYS INCOME TR | 40,000 | $274K | 0.1% | $25.05 | — | Pref | 67623C208 |
| PRHI | CONIFER HOLDINGS INC | 250,000 | $181K | 0.0% | $2.99 | -75.9% | Com | 20731J102 |
| — | LADENBURG THALMAN FIN SVCS INC | 5,000 | $105K | 0.0% | $24.64 | — | Pref | 50575Q300 |
| EMBC | EMBECTA CORP | 4,000 | $38,760 | 0.0% | $11.28 | -3.5% | Com | 29082K105 |
| OGN | ORGANON CO | 3,000 | $29,040 | 0.0% | $18.66 | -45.1% | Com | 68622V106 |
| ADNT | ADIENT LTD | 1,193 | $23,216 | 0.0% | $50.50 | -70.7% | Com | G0084W101 |
| CBL | CBL & ASSOC PPTYS INC | 658 | $16,707 | 0.0% | $31.91 | — | Com | 124830878 |
| DNOW | NOW INC DE | 1,100 | $16,313 | 0.0% | $17.42 | -12.4% | Com | 67011P100 |
| KD | KYNDRYL HLDGS INC | 300 | $12,588 | 0.0% | $21.59 | +67.5% | Com | 50155Q100 |
| CRSXQ | CORSA COAL CORP | 2,226,000 | $7,791 | 0.0% | $0.90 | -83.1% | Com | 22041E609 |
| KALU | KAISER ALUM CORP DEPOSITARY S CMN | 70 | $5,593 | 0.0% | $51.13 | +29.8% | Com | 483007704 |
| — | SVB FINL TR | 240,000 | $2,400 | 0.0% | $0.01 | — | Pref | 78500B403 |
| BLIAQ | BB LIQUIDATING INC - CLASS A | 54,211 | $1,084 | 0.0% | $0.00 | +259.0% | Com | 05532D107 |
| BLIBQ | BB LIQUIDATING INC - CLASS B | 54,211 | $434 | 0.0% | $0.00 | +1269.9% | Com | 05532D206 |
| — | WELLS FARGO & COMPANY PFT SERIES J | 387 | $19 | 0.0% | — | — | Pref | 949746887 |
| — | ROOMSTORE INC - CMN | 43,661 | $4 | 0.0% | $0.00 | — | Com | 77638R108 |