Location: Lutherville, MD
CIK: 0000919538 · Show all filings
Period: Q2 2026 (← Previous) (Next →)
Filing Date: Aug 6, 2026
Total Value: $346M (71.5% shares, 28.5% debt)
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| — | MYR Group, Inc. (MYRG) | 47,358 | $23.7M | 6.8% | $500.40 | $30.14 | — | COM | 55405w104 |
| — | EMCOR Group, Inc. (EME) | 25,052 | $20.79M | 6.0% | $829.88 | $47.47 | — | COM | 29084q100 |
| RSG | Republic Services, Inc. (RSG) | 85,998 | $18.32M | 5.3% | $213.08 | $26.48 | +704.8% | COM | 760759100 |
| — | MGP Ingredients, Inc. | 15,990,000 | $15.5M | 4.5% | $0.97 | $0.96 | — | CONV | 55303JAB2 |
| — | Blackstone Mortgage Trust | 14,607,000 | $14.53M | 4.2% | $0.99 | $0.97 | — | CONV | 09257WAE0 |
| GOOG | Alphabet, Inc. - Cl C (GOOG) | 38,530 | $13.61M | 3.9% | $353.33 | $108.11 | +226.8% | COM | 02079K107 |
| — | Johnson Controls Int'l plc (JC | 89,633 | $13.1M | 3.8% | $146.11 | $41.23 | — | COM | g51502105 |
| — | Pebblebrook Hotel Trust | 12,768,000 | $12.65M | 3.7% | $0.99 | $0.92 | — | CONV | 70509VAA8 |
| — | Redfin Corp. | 10,714,000 | $10.29M | 3.0% | $0.96 | $0.90 | — | CONV | 75737FAE8 |
| — | Sarepta Therapeutics Inc | 10,877,000 | $10.26M | 3.0% | $0.94 | $0.92 | — | CONV | 803607AD2 |
| — | KBR, Inc. (KBR) | 279,167 | $9.64M | 2.8% | $34.53 | $23.75 | — | COM | 48242w106 |
| PRMB | Primo Brands Corporation Class | 390,106 | $9.534M | 2.8% | $24.44 | $27.37 | -10.7% | COM | 741623102 |
| — | Flex Ltd. (FLEX) | 58,616 | $9.5M | 2.7% | $162.07 | $30.46 | — | COM | y2573f102 |
| WRB | W. R. Berkley Corp. (WRB) | 127,987 | $9.027M | 2.6% | $70.53 | $35.30 | +99.8% | COM | 084423102 |
| — | Bandwidth, Inc. | 9,022,000 | $8.431M | 2.4% | $0.93 | $0.86 | — | CONV | 05988JAD5 |
| — | Nextpower Inc. Class A (NXT) | 67,570 | $8.05M | 2.3% | $119.14 | $44.73 | — | COM | 65290e101 |
| — | Qnity Electronics Inc. (Q) | 41,498 | $6.777M | 2.0% | $163.31 | $81.65 | — | COM | 74743l100 |
| — | Xylem Inc. (XYL) | 48,117 | $5.688M | 1.6% | $118.21 | $118.42 | — | COM | 98419m100 |
| — | EOG Resources (EOG) | 41,111 | $5.333M | 1.5% | $129.73 | $117.65 | — | COM | 26875p101 |
| — | Snap Inc. | 5,474,000 | $5.2M | 1.5% | $0.95 | $0.85 | — | CONV | 83304AAF3 |
| USFD | US Foods Holding Corp. (USFD) | 48,508 | $4.96M | 1.4% | $102.25 | $62.75 | +62.9% | COM | 912008109 |
| — | fuboTV, Inc. | 5,000,000 | $4.931M | 1.4% | $0.99 | $0.99 | — | CONV | 35953DAC8 |
| AMZN | Amazon.com, Inc. (AMZN) | 19,961 | $4.758M | 1.4% | $238.34 | $124.44 | +91.5% | COM | 023135106 |
| — | Spectrum Brands | 4,554,000 | $4.735M | 1.4% | $1.04 | $0.94 | — | CONV | 84762LAZ8 |
| — | Cadre Holdings, Inc. (CDRE) | 158,936 | $4.531M | 1.3% | $28.51 | $30.37 | — | COM | 12763l105 |
| — | Primis Financial Corp. (FRST) | 270,282 | $4.425M | 1.3% | $16.37 | $14.22 | — | COM | 74167b109 |
| CB | Chubb Limited (CB) | 12,787 | $4.357M | 1.3% | $340.74 | $110.17 | +209.3% | COM | H1467J104 |
| — | Nextera Energy Inc. (NEE) | 49,231 | $4.321M | 1.2% | $87.77 | $95.31 | — | COM | 65339f101 |
| — | Visa Inc. - Class A (V) | 12,258 | $4.206M | 1.2% | $343.09 | $200.29 | — | COM | 92826c839 |
| — | Super Micro Computer, Inc. | 4,500,000 | $4.149M | 1.2% | $0.92 | $0.92 | — | CONV | 86800UAB0 |
| NVT | nVent Electric plc (NVT) | 22,454 | $3.808M | 1.1% | $169.61 | $22.01 | +670.6% | COM | G6700G107 |
| — | DuPont de Nemours, Inc. (DD) | 27,658 | $3.751M | 1.1% | $135.64 | $135.64 | — | COM | 26614n201 |
| EMR | Emerson Electric (EMR) | 26,023 | $3.725M | 1.1% | $143.15 | $42.64 | +235.8% | COM | 291011104 |
| — | Pennymac Corp | 3,495,000 | $3.55M | 1.0% | $1.02 | $1.03 | — | CONV | 70932AAH6 |
| TMUS | T-Mobile USA, Inc. (TMUS) | 20,897 | $3.505M | 1.0% | $167.73 | $109.13 | +53.7% | COM | 872590104 |
| — | Ziff Davis, Inc. (ZD) | 64,909 | $3.399M | 1.0% | $52.37 | $68.70 | — | COM | 48123v102 |
| — | Lucid Group Inc. | 3,495,000 | $3.338M | 1.0% | $0.95 | $0.93 | — | CONV | 549498AA1 |
| — | American Homes 4 Rent REIT (AM | 95,134 | $3.189M | 0.9% | $33.52 | $29.02 | — | COM | 02665t306 |
| — | Levi Strauss & Co. Class A (LE | 128,356 | $3.187M | 0.9% | $24.83 | $18.76 | — | COM | 52736r102 |
| DOX | Amdocs Ltd (DOX) | 61,780 | $3.122M | 0.9% | $50.54 | $63.44 | -20.3% | COM | G02602103 |
| — | Zimmer Biomet Holdings, Inc. ( | 33,944 | $2.922M | 0.8% | $86.09 | $107.34 | — | COM | 98956p102 |
| MDT | Medtronic plc (MDT) | 36,343 | $2.843M | 0.8% | $78.23 | $76.65 | +2.1% | COM | G5960L103 |
| ABT | Abbott Laboratories (ABT) | 31,203 | $2.831M | 0.8% | $90.74 | $81.57 | +11.2% | COM | 002824100 |
| — | Blackbaud, Inc. (BLKB) | 93,466 | $2.768M | 0.8% | $29.62 | $51.02 | — | COM | 09227q100 |
| SHBI | Shore Bancshares (SHBI) | 112,560 | $2.583M | 0.7% | $22.95 | $11.35 | +102.1% | COM | 825107105 |
| — | Advanced Drainage Systems (WMS | 15,263 | $2.396M | 0.7% | $156.96 | $100.25 | — | COM | 00790r104 |
| MTX | Minerals Technologies Inc. (M | 30,299 | $2.241M | 0.6% | $73.97 | $58.06 | +27.4% | COM | 603158106 |
| — | Wyndham Hotels & Resorts (WH) | 23,508 | $1.98M | 0.6% | $84.21 | $53.75 | — | COM | 98311a105 |
| RUSHA | Rush Enterprises Class A (RUSH | 26,254 | $1.916M | 0.6% | $72.98 | $34.76 | +110.0% | COM | 781846209 |
| WSFS | WSFS Financial (WSFS) | 20,764 | $1.593M | 0.5% | $76.73 | $41.40 | +85.3% | COM | 929328102 |
| UPS | United Parcel Service, Inc. (U | 13,555 | $1.457M | 0.4% | $107.50 | $75.28 | +42.8% | COM | 911312106 |
| SHW | Sherwin-Williams Co. (SHW) | 4,130 | $1.422M | 0.4% | $344.32 | $205.65 | +67.4% | COM | 824348106 |
| — | Akamai Technologies, Inc. (AK | 11,587 | $1.37M | 0.4% | $118.21 | $104.35 | — | COM | 00971t101 |
| RUSHB | Rush Enterprises Class B (RUSH | 17,328 | $1.326M | 0.4% | $76.50 | $20.21 | +278.5% | COM | 781846308 |
| — | Everpure, Inc. Class A (P) | 13,582 | $1.07M | 0.3% | $78.79 | $41.57 | — | COM | 74624m102 |
| — | The Beauty Health Co. | 1,000,000 | $979K | 0.3% | $0.98 | $0.98 | — | CONV | 88331LAA6 |
| — | Cannae Holdings Inc. (CNNE) | 67,552 | $973K | 0.3% | $14.40 | $18.22 | — | COM | 13765n107 |
| — | NVIDIA Corp (NVDA) | 3,863 | $773K | 0.2% | $200.09 | $200.09 | — | COM | 67066g104 |
| PSX | Phillips 66 (PSX) | 3,369 | $570K | 0.2% | $169.05 | $40.93 | +313.0% | COM | 718546104 |
| OCFC | OceanFirst Financial (OCFC) | 29,137 | $569K | 0.2% | $19.53 | $9.88 | +97.7% | COM | 675234108 |
| ROP | Roper Technologies, Inc. (ROP) | 1,169 | $396K | 0.1% | $338.39 | $543.22 | -37.7% | COM | 776696106 |
| — | Broadcom Inc. (AVGO) | 916 | $346K | 0.1% | $377.75 | $266.88 | — | COM | 11135f101 |
| MSFT | Microsoft Corp. (MSFT) | 842 | $314K | 0.1% | $373.02 | $434.78 | -14.2% | COM | 594918104 |
| — | Vanguard Information Technolog | 2,504 | $299K | 0.1% | $119.52 | $155.17 | — | COM | 92204a702 |
| AAPL | Apple Inc. (AAPL) | 777 | $225K | 0.1% | $289.36 | $286.04 | +1.2% | COM | 037833100 |
| — | JPMorgan Chase & Co. (JPM) | 617 | $202K | 0.1% | $327.33 | $327.33 | — | COM | 46625h100 |