Location: Worcester, MA
CIK: 0001353098 · Show all filings
Period: Q2 2025 (← Previous) (Next →)
Filing Date: Aug 13, 2025
Total Value: $287M (85.8% shares, 14.2% debt)
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| AEM | AGNICO-EAGLE | 131,727 | $15.67M | 5.5% | $118.93 * | $55.40 | +108.0% | COM | 008474108 |
| MET | METLIFE INC | 164,983 | $13.27M | 4.6% | $80.42 * | $30.83 | +146.0% | COM | 59156R108 |
| CTO | CTO REALTY GRW | 642,054 | $11.08M | 3.9% | $17.26 | $17.39 | — | COM | 22948Q101 |
| TSBK | TIMBERLAND BANC | 298,395 | $9.31M | 3.2% | $31.20 * | $14.24 | +107.8% | COM | 887098101 |
| EXSR | EXCHANGE BANK | 76,054 | $8.024M | 2.8% | $105.50 | $113.44 | -8.3% | COM | 301227203 |
| FBIZ | FIRST BUSINESS | 155,799 | $7.893M | 2.7% | $50.66 * | $21.70 | +116.5% | COM | 319390100 |
| SHEL | SHELL PLC | 110,656 | $7.791M | 2.7% | $70.41 | $55.86 | — | SPON ADS | 780259305 |
| SBFG | SB FINANCIAL | 391,983 | $7.487M | 2.6% | $19.10 | $17.48 | +8.2% | COM | 78408D105 |
| ET | ENERGY TRANSFER | 393,619 | $7.136M | 2.5% | $18.13 | $9.59 | — | COM UT LTD PTN | 29273V100 |
| — | PPL CAPITAL | 6,330,000 | $6.837M | 2.4% | $1.08 | $1.06 | — | NOTE 2.875% 3/1 | 69352pas2 |
| BG | BUNGE LIMITED | 79,964 | $6.42M | 2.2% | $80.28 * | $98.10 | -21.4% | COM SHS | H11356104 |
| FENY | FIDELITY CVNGTN | 270,509 | $6.343M | 2.2% | $23.45 | $21.39 | — | MSCI ENERGY IDX | 316092402 |
| PKBK | PARKE BANCORP | 309,657 | $6.308M | 2.2% | $20.37 * | $15.42 | +21.2% | COM | 700885106 |
| PFE | PFIZER INC | 250,893 | $6.082M | 2.1% | $24.24 * | $27.16 | -17.7% | COM | 717081103 |
| — | JAZZ INVEST | 5,730,000 | $5.784M | 2.0% | $1.01 | $1.00 | — | NOTE 2.000% 6/1 | 472145af8 |
| — | KIMCO REALTY | 90,465 | $5.477M | 1.9% | $60.54 | $61.40 | — | DP CV CL N 7.25% | 49446r687 |
| VICI | VICI PRPTY | 166,133 | $5.416M | 1.9% | $32.60 * | $25.78 | +18.4% | COM | 925652109 |
| BMBN | BENCHMARK BANK | 170,982 | $4.989M | 1.7% | $29.18 * | $15.27 | +68.6% | COM | 08160E207 |
| LFGP | LEDYARD FINAN | 326,121 | $4.68M | 1.6% | $14.35 * | $24.92 | -39.9% | COM | 523338101 |
| MRK | MERCK&CO INC | 58,031 | $4.594M | 1.6% | $79.16 * | $61.63 | +25.6% | COM | 58933Y105 |
| — | INNOVIVA INC | 4,340,000 | $4.329M | 1.5% | $1.00 | $0.96 | — | NOTE 2.125% 3/1 | 45781mad3 |
| VTRS | VIATRIS INC | 463,910 | $4.143M | 1.4% | $8.93 * | $10.69 | -23.3% | COM | 92556V106 |
| WY | WEYERHAEUSER | 159,240 | $4.091M | 1.4% | $25.69 | $22.71 | +12.6% | COM NEW | 962166104 |
| BORT | BANK BOTETOURT | 112,674 | $3.966M | 1.4% | $35.20 * | $23.98 | +39.9% | COM | 063907208 |
| FXNC | FIRST NATL VA | 202,785 | $3.948M | 1.4% | $19.47 | $17.09 | +13.6% | COM | 32106V107 |
| VZ | VERIZON COMM | 88,596 | $3.834M | 1.3% | $43.27 * | $37.85 | +10.5% | COM | 92343V104 |
| PTBS | POTOMAC BANC | 220,368 | $3.826M | 1.3% | $17.36 * | $14.12 | +12.7% | COM | 737643106 |
| — | FLAGSTAR FNCL | 97,812 | $3.762M | 1.3% | $38.46 | $38.72 | — | UNIT 05/07/2051 | 64944p307 |
| CPKF | CHESPKE FINAN | 173,000 | $3.607M | 1.3% | $20.85 * | $19.60 | +0.3% | COM | 16517A109 |
| ALRS | ALERUS FINAN | 156,000 | $3.376M | 1.2% | $21.64 * | $20.65 | -5.7% | COM | 01446U103 |
| APLE | APPLE HOPTLY | 283,770 | $3.312M | 1.2% | $11.67 | $14.98 | — | COM NEW | 03784Y200 |
| — | GLOBAL MEDICAL | 472,938 | $3.277M | 1.1% | $6.93 | $10.17 | — | COM NEW | 37954A204 |
| CWBC | CMNTY WST BANC | 162,061 | $3.162M | 1.1% | $19.51 * | $19.27 | -9.7% | COM | 203937107 |
| — | LIBERTY MEDIA | 2,360,000 | $3.136M | 1.1% | $1.33 | $1.10 | — | NOTE 2.250% 8/1 | 531229aq5 |
| CSBB | CSB BANCORP | 69,000 | $3.002M | 1.0% | $43.50 * | $35.09 | +16.4% | COM | 12628R107 |
| ACI | ALBERTSONS COS | 134,687 | $2.897M | 1.0% | $21.51 | $19.34 | +9.6% | COM | 013091103 |
| FMBM | F&M BANK CORP | 136,814 | $2.873M | 1.0% | $21.00 * | $22.87 | -14.9% | COM | 30237P106 |
| — | GUESS INC | 3,010,000 | $2.853M | 1.0% | $0.95 | $0.95 | — | NOTE 3.750% 4/1 | 401617af2 |
| SFL | SFL CORP LTD | 338,792 | $2.822M | 1.0% | $8.33 | $10.74 | -22.7% | SHS | G7738W106 |
| AIG | AMERICAN INTL | 32,800 | $2.807M | 1.0% | $85.59 * | $29.33 | +179.5% | COM NEW | 026874784 |
| — | LIBERTY MEDIA | 2,538,000 | $2.637M | 0.9% | $1.04 | $1.03 | — | NOTE 3.750% 3/1 | 531229ap7 |
| MFGI | MERCHANTS FINL | 93,700 | $2.352M | 0.8% | $25.10 * | $23.94 | +0.2% | COM | 588538108 |
| HCI | HCI GROUP INC | 15,292 | $2.327M | 0.8% | $152.20 | $153.53 | 0.0% | COM | 40416E103 |
| — | LXP INDUSTRIAL | 276,139 | $2.281M | 0.8% | $8.26 | $10.97 | — | COM | 529043101 |
| — | DUKE ENERGY | 2,145,000 | $2.269M | 0.8% | $1.06 | $1.06 | — | NOTE 4.125% 4/1 | 26441cby0 |
| ENR | ENERGIZER HLDNG | 112,393 | $2.266M | 0.8% | $20.16 * | $27.93 | -18.1% | COM | 29272W109 |
| CNH | CNH INDUSTRIAL | 173,563 | $2.249M | 0.8% | $12.96 * | $10.71 | +14.2% | SHS | N20944109 |
| — | FORD MOTOR CO | 2,275,000 | $2.248M | 0.8% | $0.99 | $0.98 | — | NOTE 3/1 | 345370cz1 |
| ABCB | AMERIS BANCORP | 34,459 | $2.229M | 0.8% | $64.70 * | $35.05 | +67.6% | COM | 03076K108 |
| MOAT | VE WIDE MOAT | 23,063 | $2.163M | 0.8% | $93.79 | $79.06 | — | MRNGSTR WDE MOAT | 92189F643 |
| — | EPR PRPTY | 81,995 | $2.054M | 0.7% | $25.05 | $21.19 | — | PFD C CV 5.75% | 26884U208 |
| T | AT&T INC | 65,344 | $1.891M | 0.7% | $28.94 * | $15.60 | +72.8% | COM | 00206R102 |
| FCCO | FIRST CMNTY SC | 76,500 | $1.865M | 0.6% | $24.38 * | $15.93 | +41.7% | COM | 319835104 |
| FSBH | FSBH CORP | 210,000 | $1.796M | 0.6% | $8.55 | $8.82 | -3.0% | COM | 30325F101 |
| — | ETSY INC BOND | 1,950,000 | $1.736M | 0.6% | $0.89 | $0.86 | — | NOTE 0.125% 9/0 | 29786aal0 |
| ES | EVERSOURCE | 24,747 | $1.574M | 0.5% | $63.62 * | $59.90 | 0.0% | COM | 30040W108 |
| — | AIRBNB INC BOND | 1,630,000 | $1.571M | 0.5% | $0.96 | $0.95 | — | NOTE 3/1 | 009066ab7 |
| TSN | TYSON FOODS | 27,251 | $1.524M | 0.5% | $55.94 | $71.38 | -21.4% | CL A | 902494103 |
| — | PROGRESS SOFTWARE | 1,290,000 | $1.492M | 0.5% | $1.16 | $1.05 | — | NOTE 3.500% 3/0 | 743312ad2 |
| SOBS | SOLVAY BANK | 49,115 | $1.424M | 0.5% | $29.00 * | $25.07 | +9.7% | COM | 83441Q105 |
| PFIS | PEOPLES FIN SERV | 27,948 | $1.38M | 0.5% | $49.37 * | $42.92 | +4.5% | COM | 711040105 |
| — | LCI INDS CONV | 1,390,000 | $1.337M | 0.5% | $0.96 | $1.01 | — | NOTE 1.125% 5/1 | 501812ab7 |
| GDX | VE GOLD MINERS | 24,452 | $1.273M | 0.4% | $52.06 | $31.08 | — | GOLD MINERS ETF | 92189F106 |
| FISI | FINANCIAL INST | 47,925 | $1.231M | 0.4% | $25.68 * | $21.21 | +14.1% | COM | 317585404 |
| — | AMPHASTAR PHARMA | 1,300,000 | $1.121M | 0.4% | $0.86 | $0.87 | — | NOTE 2.000% 3/1 | 03209rab9 |
| BANC | BANC CALIFORNIA | 77,750 | $1.092M | 0.4% | $14.05 * | $12.31 | +8.8% | COM | 05990K106 |
| — | STARWOOD PPTY | 945,000 | $1.009M | 0.4% | $1.07 | $1.07 | — | NOTE 6.750% 7/1 | 85571bba2 |
| — | ALLIANT ENERGY | 965,000 | $991K | 0.3% | $1.03 | $1.04 | — | NOTE 3.875% 3/1 | 018802ac2 |
| — | WESTERN OPP FUND | 101,492 | $889K | 0.3% | $8.76 | $8.56 | — | COM | 95766R104 |
| VOO | VGRD S&P 500 | 1,529 | $868K | 0.3% | $567.91 | $447.29 | — | S&P 500 ETF SHS | 922908363 |
| MSFT | MICROSOFT CORP | 1,674 | $833K | 0.3% | $497.41 * | $328.50 | +31.6% | COM | 594918104 |
| SLB | SCHLUMBERGER | 24,344 | $823K | 0.3% | $33.80 | $38.29 | -11.4% | COM STK | 806857108 |
| — | INVESCO MUNI | 86,117 | $817K | 0.3% | $9.49 | $12.49 | — | COM | 46131M106 |
| — | VISHAY INTERT | 855,000 | $765K | 0.3% | $0.90 | $0.89 | — | NOTE 2.250% 9/1 | 928298ar9 |
| SPYM | SPDR PORT SP 500 | 10,150 | $738K | 0.3% | $72.69 | $72.69 | — | PORTFOLIO S&P500 | 78464A854 |
| IFF | INTL FLAVORS | 9,801 | $721K | 0.3% | $73.55 | $129.90 | -42.9% | COM | 459506101 |
| — | CHART INDS INC | 11,810 | $713K | 0.2% | $60.40 | $50.25 | — | 6.75DP CNV PFD B | 16115q407 |
| CZBT | CITIZENS BANC VA | 20,250 | $668K | 0.2% | $33.00 * | $23.45 | +17.4% | COM | 17316V104 |
| ORCL | ORACLE CORP | 3,000 | $656K | 0.2% | $218.63 * | $175.85 | -8.6% | COM | 68389X105 |
| BRK/B | BERKSHIRE HATHA | 1,330 | $646K | 0.2% | $485.77 * | $290.80 | +74.6% | CL B NEW | 084670702 |
| HWC | HANCOCK WHITNEY | 10,898 | $626K | 0.2% | $57.40 * | $39.81 | +33.7% | COM | 410120109 |
| MTB | M&T BANK CORP | 3,179 | $617K | 0.2% | $194.01 * | $148.98 | +16.1% | COM | 55261F104 |
| — | BANC OF CALIF | 25,050 | $604K | 0.2% | $24.10 | $24.01 | — | PFD | 05990k841 |
| — | SOUTHSTATE CORP | 5,688 | $523K | 0.2% | $92.02 | $47.61 | — | COM | 840441109 |
| IUSV | IS S&P US VALUE | 4,567 | $432K | 0.2% | $94.63 | $66.86 | — | CORE S&P US VLU | 464287663 |
| CLVT | CLARIVATE PLC | 90,488 | $389K | 0.1% | $4.30 * | $6.38 | -36.9% | ORD SHS | G21810109 |
| QABA | FT NAS CMTY BNK | 6,974 | $378K | 0.1% | $54.20 | $50.38 | — | UT COM SHS ETF | 33736Q104 |
| KR | KROGER CO COM | 5,162 | $370K | 0.1% | $71.73 * | $44.28 | +54.0% | COM | 501044101 |
| ABBV | ABBVIE INC | 1,907 | $354K | 0.1% | $185.62 | $137.16 | +33.2% | COM | 00287Y109 |
| JPM | JPMORGAN CHASE | 1,188 | $344K | 0.1% | $289.91 * | $209.39 | +20.7% | COM | 46625H100 |
| EBMT | EAGLE BANCORP | 19,000 | $317K | 0.1% | $16.67 * | $19.45 | -16.2% | COM | 26942G100 |
| SPY | SPDR S&P 500 | 504 | $311K | 0.1% | $617.39 | $410.84 | — | TR UNIT | 78462F103 |
| SBCF | SEACOAST BANKIN | 10,826 | $299K | 0.1% | $27.62 * | $24.92 | -0.9% | COM NEW | 811707801 |
| — | PEBBLEBRK HOTEL | 300,000 | $284K | 0.1% | $0.95 | $0.92 | — | NOTE 1.750% 12/1 | 70509vaa8 |
| AMZN | AMAZON.COM | 1,125 | $247K | 0.1% | $219.39 * | $165.03 | +19.9% | COM | 023135106 |
| FBTC | FIDELITY WISEBTC | 2,555 | $240K | 0.1% | $93.99 | $93.99 | — | SHS | 315948109 |
| — | EXPEDIA GROUP | 245,000 | $238K | 0.1% | $0.97 | $0.95 | — | NOTE 2/1 | 30212pbe4 |
| GOOGL | ALPHABET INC | 1,229 | $217K | 0.1% | $176.23 * | $173.60 | -5.9% | CAP STK CL A | 02079K305 |
| JCI | JOHNSON CONTROL | 1,842 | $195K | 0.1% | $105.62 * | $59.80 | +53.4% | SHS | G51502105 |
| AGI | ALAMOS GOLD | 6,832 | $181K | 0.1% | $26.56 | $20.37 | +31.2% | COM CL A | 011532108 |
| IBM | INTL BUS MACHINE | 611 | $180K | 0.1% | $294.78 * | $172.56 | +47.1% | COM | 459200101 |
| SKE | SKEENA | 10,500 | $167K | 0.1% | $15.92 * | $12.60 | 0.0% | COM | 83056P715 |
| — | ALBEMARLE CORP | 5,125 | $165K | 0.1% | $32.10 | $46.07 | — | 7.25% DEP SHS A | 012653200 |
| FRAF | FRANKLIN FINANC | 4,400 | $152K | 0.1% | $34.63 * | $26.57 | +35.5% | COM | 353525108 |
| SCHF | SCHWAB INTL EQUI | 6,000 | $133K | 0.0% | $22.10 | $27.05 | — | INTL EQTY ETF | 808524805 |
| XOM | EXXON MOBIL | 1,225 | $132K | 0.0% | $107.80 * | $111.50 | -6.3% | COM | 30231G102 |
| TSM | TAIWAN SEMICOND | 570 | $129K | 0.0% | $226.49 | $226.49 | — | SPONDORED ADS | 874039100 |
| DUK | DUK ENRGY | 1,086 | $128K | 0.0% | $118.00 * | $108.88 | +6.0% | COM NEW | 26441C204 |
| MOTG | VE GLBL WIDE MT | 2,925 | $124K | 0.0% | $42.46 | $42.46 | — | MRNGSTR GBL WIDE | 92189F122 |
| — | GREENBRIER COS | 117,000 | $124K | 0.0% | $1.06 | $1.10 | — | NOTE 2.875% 4/1 | 393657am3 |
| GLD | SPDR GOLD TRUST | 395 | $120K | 0.0% | $304.83 | $304.83 | — | GOLD SHS | 78463V107 |
| QQQ | INV QQQ TRUST | 216 | $119K | 0.0% | $552.79 | $500.97 | — | UNIT SER 1 | 46090E103 |
| IWS | IS RUS MID VALU | 886 | $117K | 0.0% | $132.14 | $125.33 | — | RUS MDCP VAL ETF | 464287473 |
| — | HALOZYME THERAP | 110,000 | $109K | 0.0% | $0.99 | $1.00 | — | NOTE 0.250% 3/0 | 40637had1 |
| SHY | ISHARES TRUST 1-3 | 1,286 | $107K | 0.0% | $82.86 | $82.73 | — | 1 3 YR TREAS BD | 464287457 |
| RSP | INVESCO S&P 500 | 560 | $102K | 0.0% | $181.74 | $181.74 | — | S&P 500 EQL WGT | 46137V357 |