Location: Lutherville, MD
CIK: 0000919538 · Show all filings
Period: Q3 2026 (← Previous)
Filing Date: Oct 30, 2026
Total Value: $336M (68.6% shares, 31.4% debt)
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| — | Atlanticus Holdings Corp. (ATL | 401,685 | $10.21M | 3.0% | $25.43 | $25.43 | — | PREF | 04914y409 |
| — | Starwood Property Trust | 5,500,000 | $5.511M | 1.6% | $1.00 | $1.00 | — | CONV | 85571BBA2 |
| — | First Tr NASDAQ Cybersecurity | 2,097 | $216K | 0.1% | $103.09 | $103.09 | — | COM | 33734x846 |
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| — | Super Micro Computer, Inc. | 14,494,000 (+222.1%) | $14.32M (+245.1%) | 4.3% | $0.99 | $0.97 | — | CONV | 86800UAB0 |
| — | Flex Ltd. (FLEX) | 76,183 (+30.0%) | $8.379M (-11.8%) | 2.5% | $109.99 | $48.80 | — | COM | y2573f102 |
| — | Cadre Holdings, Inc. (CDRE) | 224,730 (+41.4%) | $5.638M (+24.4%) | 1.7% | $25.09 | $28.82 | — | COM | 12763l105 |
| — | Blackstone Mortgage Trust | 14,911,000 (+2.1%) | $14.86M (+2.2%) | 4.4% | $1.00 | $0.97 | — | CONV | 09257WAE0 |
| RUSHA | Rush Enterprises Class A (RUSH | 38,690 (+47.4%) | $1.772M (-7.5%) | 0.5% | $45.81 | $45.25 | +1.2% | COM | 781846209 |
| — | Xylem Inc. (XYL) | 55,062 (+14.4%) | $5.576M (-2.0%) | 1.7% | $101.27 | $116.26 | — | COM | 98419m100 |
| RUSHB | Rush Enterprises Class B (RUSH | 25,992 (+50.0%) | $1.401M (+5.7%) | 0.4% | $53.91 | $36.31 | +48.5% | COM | 781846308 |
| — | Wyndham Hotels & Resorts (WH) | 27,961 (+18.9%) | $2.009M (+1.5%) | 0.6% | $71.84 | $56.63 | — | COM | 98311a105 |
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| — | Bandwidth, Inc. | 9,022,000 | $8.431M | 2.5% | $0.93 | $0.86 | — | — | 05988JAD5 |
| — | Everpure, Inc. Class A (P) | 13,582 | $1.07M | 0.3% | $78.79 | $41.57 | — | — | 74624m102 |
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| — | MYR Group, Inc. (MYRG) | 46,631 (-1.5%) | $13.64M (-42.5%) | 4.1% | $292.46 | $30.14 | — | COM | 55405w104 |
| — | Nextpower Inc. Class A (NXT) | 66,467 (-1.6%) | $5.18M (-35.7%) | 1.5% | $77.93 | $44.73 | — | COM | 65290e101 |
| PRMB | Primo Brands Corporation Class | 384,496 (-1.4%) | $7.325M (-23.2%) | 2.2% | $19.05 | $27.37 | -30.4% | COM | 741623102 |
| — | Qnity Electronics Inc. (Q) | 40,908 (-1.4%) | $5.144M (-24.1%) | 1.5% | $125.74 | $81.65 | — | COM | 74743l100 |
| — | Ziff Davis, Inc. (ZD) | 37,218 (-42.7%) | $2.11M (-37.9%) | 0.6% | $56.69 | $68.70 | — | COM | 48123v102 |
| — | Levi Strauss & Co. Class A (LE | 116,069 (-9.6%) | $2.287M (-28.3%) | 0.7% | $19.70 | $18.76 | — | COM | 52736r102 |
| GOOG | Alphabet, Inc. - Cl C (GOOG) | 37,408 (-2.9%) | $12.75M (-6.4%) | 3.8% | $340.74 | $108.11 | +215.2% | COM | 02079K107 |
| — | Nextera Energy Inc. (NEE) | 48,267 (-2.0%) | $3.656M (-15.4%) | 1.1% | $75.74 | $95.31 | — | COM | 65339f101 |
| — | Blackbaud, Inc. (BLKB) | 50,679 (-45.8%) | $2.109M (-23.8%) | 0.6% | $41.62 | $51.02 | — | COM | 09227q100 |
| USFD | US Foods Holding Corp. (USFD) | 47,984 (-1.1%) | $4.425M (-10.8%) | 1.3% | $92.21 | $62.75 | +46.9% | COM | 912008109 |
| RSG | Republic Services, Inc. (RSG) | 84,764 (-1.4%) | $17.79M (-2.9%) | 5.3% | $209.87 | $26.48 | +692.7% | COM | 760759100 |
| WRB | W. R. Berkley Corp. (WRB) | 126,387 (-1.3%) | $8.536M (-5.4%) | 2.5% | $67.54 | $35.30 | +91.3% | COM | 084423102 |
| DOX | Amdocs Ltd (DOX) | 60,979 (-1.3%) | $3.487M (+11.7%) | 1.0% | $57.18 | $63.44 | -9.9% | COM | G02602103 |
| — | Pebblebrook Hotel Trust | 12,395,000 (-2.9%) | $12.29M (-2.9%) | 3.7% | $0.99 | $0.92 | — | CONV | 70509VAA8 |
| — | American Homes 4 Rent REIT (AM | 93,478 (-1.7%) | $2.841M (-10.9%) | 0.8% | $30.39 | $29.02 | — | COM | 02665t306 |
| — | Spectrum Brands | 4,459,000 (-2.1%) | $4.399M (-7.1%) | 1.3% | $0.99 | $0.94 | — | CONV | 84762LAZ8 |
| — | Johnson Controls Int'l plc (JC | 85,880 (-4.2%) | $12.77M (-2.5%) | 3.8% | $148.65 | $41.23 | — | COM | g51502105 |
| CB | Chubb Limited (CB) | 12,481 (-2.4%) | $4.059M (-6.8%) | 1.2% | $325.25 | $110.17 | +195.2% | COM | H1467J104 |
| NVT | nVent Electric plc (NVT) | 21,983 (-2.1%) | $3.525M (-7.4%) | 1.0% | $160.37 | $22.01 | +628.6% | COM | G6700G107 |
| EMR | Emerson Electric (EMR) | 25,682 (-1.3%) | $3.983M (+6.9%) | 1.2% | $155.10 | $42.64 | +263.8% | COM | 291011104 |
| — | EOG Resources (EOG) | 40,460 (-1.6%) | $5.574M (+4.5%) | 1.7% | $137.76 | $117.65 | — | COM | 26875p101 |
| UPS | United Parcel Service, Inc. (U | 13,318 (-1.7%) | $1.244M (-14.6%) | 0.4% | $93.44 | $75.28 | +24.1% | COM | 911312106 |
| MDT | Medtronic plc (MDT) | 35,374 (-2.7%) | $3.052M (+7.4%) | 0.9% | $86.29 | $76.65 | +12.6% | COM | G5960L103 |
| — | DuPont de Nemours, Inc. (DD) | 27,271 (-1.4%) | $3.542M (-5.6%) | 1.1% | $129.89 | $135.64 | — | COM | 26614n201 |
| ABT | Abbott Laboratories (ABT) | 30,555 (-2.1%) | $3.02M (+6.7%) | 0.9% | $98.83 | $81.57 | +21.2% | COM | 002824100 |
| TMUS | T-Mobile USA, Inc. (TMUS) | 20,507 (-1.9%) | $3.344M (-4.6%) | 1.0% | $163.08 | $109.13 | +49.4% | COM | 872590104 |
| MSFT | Microsoft Corp. (MSFT) | 788 (-6.4%) | $404K (+28.7%) | 0.1% | $512.90 | $434.78 | +18.0% | COM | 594918104 |
| — | Broadcom Inc. (AVGO) | 764 (-16.6%) | $268K (-22.5%) | 0.1% | $351.19 | $266.88 | — | COM | 11135f101 |
| — | Zimmer Biomet Holdings, Inc. ( | 33,537 (-1.2%) | $2.979M (+1.9%) | 0.9% | $88.83 | $107.34 | — | COM | 98956p102 |
| — | Visa Inc. - Class A (V) | 11,859 (-3.3%) | $4.261M (+1.3%) | 1.3% | $359.33 | $200.29 | — | COM | 92826c839 |
| WSFS | WSFS Financial (WSFS) | 20,453 (-1.5%) | $1.546M (-3.0%) | 0.5% | $75.57 | $41.40 | +82.5% | COM | 929328102 |
| AMZN | Amazon.com, Inc. (AMZN) | 19,276 (-3.4%) | $4.803M (+0.9%) | 1.4% | $249.15 | $124.44 | +100.2% | COM | 023135106 |
| — | Redfin Corp. | 10,507,000 (-1.9%) | $10.24M (-0.4%) | 3.0% | $0.97 | $0.90 | — | CONV | 75737FAE8 |
| — | KBR, Inc. (KBR) | 275,132 (-1.4%) | $9.674M (+0.4%) | 2.9% | $35.16 | $23.75 | — | COM | 48242w106 |
| — | Snap Inc. | 5,373,000 (-1.8%) | $5.185M (-0.3%) | 1.5% | $0.97 | $0.85 | — | CONV | 83304AAF3 |
| AAPL | Apple Inc. (AAPL) | 708 (-8.9%) | $236K (+4.9%) | 0.1% | $333.02 | $286.04 | +16.4% | COM | 037833100 |
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| — | EMCOR Group, Inc. (EME) | 24,815 | $18.72M | 5.6% | $754.49 | $47.47 | — | COM | 29084q100 |
| — | Advanced Drainage Systems (WMS | 15,118 | $1.916M | 0.6% | $126.71 | $100.25 | — | COM | 00790r104 |
| — | Primis Financial Corp. (FRST) | 269,091 | $4.112M | 1.2% | $15.28 | $14.22 | — | COM | 74167b109 |
| PSX | Phillips 66 (PSX) | 3,340 | $853K | 0.3% | $255.31 | $40.93 | +523.8% | COM | 718546104 |
| MTX | Minerals Technologies Inc. (M | 30,299 | $1.982M | 0.6% | $65.40 | $58.06 | +12.6% | COM | 603158106 |
| — | Akamai Technologies, Inc. (AK | 11,587 | $1.232M | 0.4% | $106.35 | $104.35 | — | COM | 00971t101 |
| — | Sarepta Therapeutics, Inc. | 10,810,000 | $10.38M | 3.1% | $0.96 | $0.92 | — | CONV | 803607AD2 |
| — | NVIDIA Corp (NVDA) | 3,838 | $877K | 0.3% | $228.38 | $200.09 | — | COM | 67066g104 |
| — | MGP Ingredients, Inc. | 15,835,000 | $15.6M | 4.6% | $0.99 | $0.96 | — | CONV | 55303JAB2 |
| — | Pennymac Corp | 3,495,000 | $3.461M | 1.0% | $0.99 | $1.03 | — | CONV | 70932AAH6 |
| OCFC | OceanFirst Financial (OCFC) | 29,137 | $482K | 0.1% | $16.53 | $9.88 | +67.3% | COM | 675234108 |
| SHW | Sherwin-Williams Co. (SHW) | 4,130 | $1.335M | 0.4% | $323.27 | $205.65 | +57.2% | COM | 824348106 |
| SHBI | Shore Bancshares (SHBI) | 111,700 | $2.501M | 0.7% | $22.39 | $11.35 | +97.2% | COM | 825107105 |
| — | Cannae Holdings Inc. (CNNE) | 67,552 | $1.036M | 0.3% | $15.34 | $18.22 | — | COM | 13765n107 |
| — | fuboTV, Inc. | 5,000,000 | $4.887M | 1.5% | $0.98 | $0.99 | — | CONV | 35953DAC8 |
| — | Vanguard Information Technolog | 2,486 | $312K | 0.1% | $125.67 | $155.17 | — | COM | 92204a702 |
| ROP | Roper Technologies, Inc. (ROP) | 1,169 | $408K | 0.1% | $349.41 | $543.22 | -35.7% | COM | 776696106 |
| — | The Beauty Health Co. | 1,000,000 | $970K | 0.3% | $0.97 | $0.98 | — | CONV | 88331LAA6 |
| — | JPMorgan Chase & Co. (JPM) | 617 | $204K | 0.1% | $330.83 | $327.33 | — | COM | 46625h100 |
| — | Lucid Group Inc. | 3,495,000 | $3.338M | 1.0% | $0.95 | $0.93 | — | CONV | 549498AA1 |