Location: New York, NY
CIK: 0001633625 · Show all filings
Period: Q3 2025 (← Previous) (Next →)
Filing Date: Nov 10, 2025
Total Value: $475M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| GS | GOLDMAN SACHS GROUP INC | 75,200 | $59.89M | 12.6% | $226.28 | +224.8% | Com | 38141G104 |
| RJF | RAYMOND JAMES FNCL INC | 298,125 | $51.46M | 10.8% | $49.22 | +234.6% | Com | 754730109 |
| MERC | MERCER INTERNATIONAL INC SBI | 16,700,000 | $48.1M | 10.1% | $5.99 | -45.0% | Com | 588056101 |
| GLW | CORNING INC | 368,350 | $30.22M | 6.4% | $33.25 | +95.4% | Com | 219350105 |
| AMGN | AMGEN INC | 92,500 | $26.1M | 5.5% | $122.75 | +133.5% | Com | 031162100 |
| NTPIF | NAM TAI PROPERTY INC | 5,774,800 | $24.77M | 5.2% | $6.56 | -36.5% | Com | G63907102 |
| — | NAM TAI G63907-10-2 PRIVATE | 5,336,452 | $22.89M | 4.8% | $5.50 | — | Com | G63907PP1 |
| SRL | SCULLY ROYALTY LTD | 3,416,664 | $20.5M | 4.3% | $9.79 | -41.8% | Com | G7T96K107 |
| SIGI | SELECTIVE INS GROUP INC | 200,000 | $16.21M | 3.4% | $21.49 | +270.6% | Com | 816300107 |
| HLIO | HELIOS TECHNOLOGIES INC | 300,000 | $15.64M | 3.3% | $46.71 | -0.0% | Com | 42328H109 |
| MTN | VAIL RESORTS INC. | 84,000 | $12.56M | 2.6% | $130.62 | +18.8% | Com | 91879Q109 |
| — | TENNESSEE VALLEY AUTHORITY | 520,000 | $12.27M | 2.6% | $22.13 | — | Pref | 880591409 |
| — | ARGONAUT GROUP STATUTORY TR - CALL | 12,000 | $12M | 2.5% | $1000.00 | — | Pref | 8AMCSFQW9 |
| EMR | EMERSON ELEC CO | 80,000 | $10.49M | 2.2% | $44.61 | +203.7% | Com | 291011104 |
| XOM | EXXON MOBIL CORP | 79,600 | $8.975M | 1.9% | $44.77 | +145.0% | Com | 30231G102 |
| — | DELPHI FINANCIAL GROUP - CALLABLE | 328,790 | $7.932M | 1.7% | $19.89 | — | Pref | 247131303 |
| AMD | ADVANCED MICRO DEVICES INC | 33,936 | $5.491M | 1.2% | $119.38 | +35.2% | Com | 007903107 |
| — | WINTRUST FINANCIAL CORP-CALL | 200,000 | $5.44M | 1.1% | $25.67 | — | Pref | 97650W702 |
| — | ALGONQUIN POWER & UTILITIES CORP | 200,000 | $5.09M | 1.1% | $25.20 | — | Pref | 015857808 |
| — | KKR & CO INC | 180,000 | $4.642M | 1.0% | $25.51 | — | Pref | 48251W609 |
| GE | GENERAL ELECTRIC CO | 15,125 | $4.55M | 1.0% | $62.95 | +333.2% | Com | 369604301 |
| — | ZIEGLER COS INC THE | 48,972 | $4.065M | 0.9% | $83.00 | — | Com | 989506308 |
| — | WESBANCO INC - CALLABLE | 130,000 | $3.299M | 0.7% | $25.38 | — | Pref | 950810887 |
| — | F&G ANNUITIES & LIFE INC - CALLABL | 120,000 | $2.896M | 0.6% | $24.60 | — | Pref | 30190A609 |
| — | TENNESSEE VALLEY AUTHORITY PARRS | 120,000 | $2.865M | 0.6% | $21.98 | — | Pref | 880591300 |
| — | EAGLE POINT CREDIT CO-CALLABLE | 120,000 | $2.813M | 0.6% | $23.97 | — | Pref | 269809885 |
| TEL | TE CONNECTIVITY COM | 12,500 | $2.744M | 0.6% | $146.90 | +36.2% | Com | G87052109 |
| JCI | JOHNSON CTLS INTL PLC | 23,874 | $2.625M | 0.6% | $33.21 | +221.8% | Com | G51502105 |
| — | OXFORD LANE CAP CORP | 100,000 | $2.516M | 0.5% | $24.63 | — | Pref | 691543854 |
| CVX | CHEVRON CORPORATION | 16,000 | $2.485M | 0.5% | $104.13 | +46.2% | Com | 166764100 |
| GEV | GE VERNOVA INC | 3,780 | $2.324M | 0.5% | $158.10 | +283.0% | Com | 36828A101 |
| PRE 4.875 PERP J | PARTNERRE LTD - CALLABLE | 120,000 | $2.1M | 0.4% | $17.34 | — | Pref | G68603169 |
| — | RAMCO RES INC-CALLABLE | 80,000 | $2.052M | 0.4% | $25.65 | — | Pref | 75134P808 |
| — | OXFORD LANE CAP CORP | 80,000 | $2.047M | 0.4% | $25.00 | — | Pref | 691543862 |
| — | COMERICA INC-CALLABLE | 80,000 | $2.018M | 0.4% | $25.23 | — | Pref | 200340701 |
| AHL 7 PERP | ASPEN INSURANCE HOLDINGS-CALL | 80,000 | $2.012M | 0.4% | $25.39 | — | Pref | G05384170 |
| TRTN 7.625 PERP | TRITON INTL LTD-CALLABLE | 80,000 | $2M | 0.4% | $25.15 | — | Pref | G9078F164 |
| — | COREBRIDGE FINL INC-CALLABLE | 80,000 | $1.946M | 0.4% | $25.40 | — | Pref | 21871X208 |
| — | AFFILIATED MANAGERS GROUP INC-CALL | 80,000 | $1.946M | 0.4% | $12.77 | — | Pref | 008252827 |
| — | NEWTEKONE INC-CALLABLE | 80,000 | $1.93M | 0.4% | $24.12 | — | Pref | 652526864 |
| MCD | MCDONALDS CORP | 6,250 | $1.899M | 0.4% | $70.55 | +327.2% | Com | 580135101 |
| — | B RILEY FINANCIAL INC - CALLABLE | 140,000 | $1.572M | 0.3% | $25.11 | — | Pref | 05580M819 |
| — | AXIS CAPITAL HOLDINGS-CALLABLE | 70,000 | $1.502M | 0.3% | $25.35 | — | Pref | 05461T305 |
| PHIG | PHI GROUP INC | 39,712 | $1.271M | 0.3% | $1.01 | +2489.8% | Com | 69360B104 |
| XXCHNXX | CHINA FUND INC | 68,399 | $1.263M | 0.3% | $18.23 | — | Com | 169373107 |
| — | US BANCORP -CALLABLE | 60,000 | $1.184M | 0.2% | $18.32 | — | Pref | 902973668 |
| — | BANK OZK | 60,000 | $1.04M | 0.2% | $25.22 | — | Pref | 06417N202 |
| PG | PROCTER & GAMBLE CO | 5,700 | $876K | 0.2% | $70.43 | +119.9% | Com | 742718109 |
| — | CUSTOMERS BANCORP INC | 40,000 | $858K | 0.2% | $25.30 | — | Pref | 23204G803 |
| — | PROSPECT CAP CORP | 50,000 | $823K | 0.2% | $23.36 | — | Pref | 74348T565 |
| — | GLOBE LIFE INC - CALLABLE | 50,000 | $820K | 0.2% | $16.39 | — | Pref | 37959E300 |
| — | HUDSON PACIFIC PROPERTIES INC-CALL | 55,000 | $780K | 0.2% | $25.98 | — | Pref | 444097307 |
| BRK/A | BERKSHIRE HATHAWAY INC DEL CL A | 1 | $754K | 0.2% | $219080.23 | +231.8% | Com | 084670108 |
| SPB | SPECTRUM BRANDS HOLDINGS INC | 12,799 | $672K | 0.1% | $56.67 | -2.2% | Com | 84790A105 |
| — | AMERICAN FINL GROUP INC OHIO-CALL | 30,000 | $614K | 0.1% | $20.47 | — | Pref | 025932880 |
| AMTM | AMENTUM HOLDINGS INC | 24,693 | $591K | 0.1% | $20.90 | +16.5% | Com | 023939101 |
| — | AMERICAN FINANCIAL GR INC OH-CALL | 30,000 | $564K | 0.1% | $18.79 | — | Pref | 025932864 |
| NNN | NATIONAL RETAIL PPTYS INC | 13,000 | $553K | 0.1% | $39.38 | — | Com | 637417106 |
| BP | BP P.L.C. SPONSORED ADR - CMN | 15,000 | $517K | 0.1% | $38.13 | — | Com | 055622104 |
| — | AMERICAN NATIONAL GROUP INC | 20,000 | $504K | 0.1% | $25.10 | — | Pref | 025676867 |
| — | ATLANTICUS HOLDINS CORP - CALL | 20,000 | $501K | 0.1% | $25.56 | — | Pref | 04914Y300 |
| — | BROOKFIELD BRP HLDGS INC-CALLABLE | 20,000 | $494K | 0.1% | $25.01 | — | Pref | 11259P307 |
| — | READY CAPITAL CORP | 20,000 | $479K | 0.1% | $25.11 | — | Pref | 75574U838 |
| ABBV | ABBVIE INC | 1,948 | $451K | 0.1% | $70.50 | +186.5% | Com | 00287Y109 |
| — | SCE TR VIII-CALLABLE | 20,000 | $439K | 0.1% | $25.84 | — | Pref | 80620A208 |
| IBM | INTL BUSINESS MACHINES CORP | 1,500 | $423K | 0.1% | $99.06 | +162.0% | Com | 459200101 |
| GEHC | GE HEALTHCARE TECHNOLOGIES INC | 5,040 | $379K | 0.1% | $71.08 | +4.9% | Com | 36266G107 |
| — | SLM CORP PFD SERIES B | 4,500 | $338K | 0.1% | $52.67 | — | Pref | 78442P502 |
| PRHI | CONIFER HOLDINGS INC | 250,000 | $305K | 0.1% | $2.99 | -68.5% | Com | 20731J102 |
| — | OFFICE PPTYS INCOME TR | 40,000 | $186K | 0.0% | $25.05 | — | Pref | 67623C208 |
| — | LADENBURG THALMAN FIN SVCS INC | 5,000 | $110K | 0.0% | $24.64 | — | Pref | 50575Q300 |
| EMBC | EMBECTA CORP | 4,000 | $56,440 | 0.0% | $11.28 | +10.0% | Com | 29082K105 |
| OGN | ORGANON CO | 3,000 | $32,040 | 0.0% | $18.66 | -47.6% | Com | 68622V106 |
| ADNT | ADIENT LTD | 1,193 | $28,727 | 0.0% | $50.50 | -53.7% | Com | G0084W101 |
| CBL | CBL & ASSOC PPTYS INC | 658 | $20,122 | 0.0% | $31.91 | — | Com | 124830878 |
| — | SVB FINL TR | 240,000 | $16,800 | 0.0% | $0.01 | — | Pref | 78500B403 |
| DNOW | NOW INC DE | 1,100 | $16,775 | 0.0% | $17.42 | -13.3% | Com | 67011P100 |
| KD | KYNDRYL HLDGS INC | 300 | $9,009 | 0.0% | $21.59 | +59.1% | Com | 50155Q100 |
| CRSXQ | CORSA COAL CORP | 2,226,000 | $8,094 | 0.0% | $0.90 | -83.1% | Com | 22041E609 |
| KALU | KAISER ALUM CORP DEPOSITARY S CMN | 70 | $5,401 | 0.0% | $51.13 | +52.8% | Com | 483007704 |
| BLIAQ | BB LIQUIDATING INC - CLASS A | 54,211 | $813 | 0.0% | $0.00 | +200.6% | Com | 05532D107 |
| BLIBQ | BB LIQUIDATING INC - CLASS B | 54,211 | $434 | 0.0% | $0.00 | +1515.0% | Com | 05532D206 |
| — | WELLS FARGO & COMPANY PFT SERIES J | 387 | $97 | 0.0% | — | — | Pref | 949746887 |
| CDVIQ | CAL DIVE INTERNATIONAL INC | 500,000 | $50 | 0.0% | $0.00 | 0.0% | Com | 12802T101 |
| — | ROOMSTORE INC - CMN | 43,661 | $4 | 0.0% | $0.00 | — | Com | 77638R108 |