Location: Lutherville, MD
CIK: 0000919538 · Show all filings
Period: Q1 2026 (← Previous) (Next →)
Filing Date: Apr 28, 2026
Total Value: $300M (71.2% shares, 28.8% debt)
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| — | EMCOR Group, Inc. (EME) | 26,524 | $19.58M | 6.5% | $738.31 | $47.47 | — | COM | 29084q100 |
| RSG | Republic Services, Inc. (RSG) | 86,067 | $18.85M | 6.3% | $219.02 | $26.48 | +727.3% | COM | 760759100 |
| — | MYR Group, Inc. (MYRG) | 60,844 | $17.18M | 5.7% | $282.32 | $30.14 | — | COM | 55405w104 |
| — | MGP Ingredients, Inc. | 15,100,000 | $14.49M | 4.8% | $0.96 | $0.96 | — | CONV | 55303JAB2 |
| — | Blackstone Mortgage Trust | 14,556,000 | $14.41M | 4.8% | $0.99 | $0.97 | — | CONV | 09257WAE0 |
| — | Pebblebrook Hotel Trust | 13,063,000 | $12.72M | 4.2% | $0.97 | $0.92 | — | CONV | 70509VAA8 |
| — | Johnson Controls Int'l plc (JC | 91,992 | $12.05M | 4.0% | $130.95 | $41.23 | — | COM | g51502105 |
| GOOG | Alphabet, Inc. - Cl C (GOOG) | 38,220 | $10.96M | 3.7% | $286.86 | $108.11 | +165.3% | COM | 02079K107 |
| — | Redfin Corp. | 10,905,000 | $10.4M | 3.5% | $0.95 | $0.90 | — | CONV | 75737FAE8 |
| — | KBR, Inc. (KBR) | 279,372 | $10.3M | 3.4% | $36.86 | $23.75 | — | COM | 48242w106 |
| — | Sarepta Therapeutics Inc | 10,831,000 | $9.954M | 3.3% | $0.92 | $0.92 | — | CONV | 803607AD2 |
| WRB | W. R. Berkley Corp. (WRB) | 128,104 | $8.491M | 2.8% | $66.28 | $35.30 | +87.7% | COM | 084423102 |
| — | Nextpower Inc. Class A (NXT) | 68,608 | $8.271M | 2.8% | $120.55 | $44.73 | — | COM | 65290e101 |
| — | Bandwidth, Inc. | 9,144,000 | $8.138M | 2.7% | $0.89 | $0.86 | — | CONV | 05988JAD5 |
| PRMB | Primo Brands Corporation Class | 390,507 | $7.353M | 2.4% | $18.83 | $27.37 | -31.2% | COM | 741623102 |
| — | EOG Resources (EOG) | 41,225 | $5.96M | 2.0% | $144.57 | $117.65 | — | COM | 26875p101 |
| — | Snap Inc. | 5,665,000 | $5.361M | 1.8% | $0.95 | $0.85 | — | CONV | 83304AAF3 |
| — | Qnity Electronics Inc. (Q) | 41,580 | $4.798M | 1.6% | $115.38 | $81.65 | — | COM | 74743l100 |
| — | Nextera Energy Inc. (NEE) | 49,553 | $4.602M | 1.5% | $92.88 | $95.31 | — | COM | 65339f101 |
| — | Flex Ltd. (FLEX) | 70,040 | $4.585M | 1.5% | $65.46 | $30.46 | — | COM | y2573f102 |
| — | Spectrum Brands | 4,554,000 | $4.539M | 1.5% | $1.00 | $0.94 | — | CONV | 84762LAZ8 |
| TMUS | T-Mobile USA, Inc. (TMUS) | 20,914 | $4.393M | 1.5% | $210.03 | $109.13 | +92.5% | COM | 872590104 |
| CB | Chubb Limited (CB) | 12,835 | $4.183M | 1.4% | $325.93 | $110.17 | +195.8% | COM | H1467J104 |
| AMZN | Amazon.com, Inc. (AMZN) | 20,022 | $4.17M | 1.4% | $208.27 | $124.44 | +67.4% | COM | 023135106 |
| — | Ziff Davis, Inc. (ZD) | 92,341 | $3.875M | 1.3% | $41.96 | $68.70 | — | COM | 48123v102 |
| — | DuPont de Nemours, Inc. (DD) | 83,251 | $3.813M | 1.3% | $45.80 | $71.61 | — | COM | 26614n102 |
| DOX | Amdocs Ltd (DOX) | 58,279 | $3.803M | 1.3% | $65.26 | $63.56 | +2.7% | COM | G02602103 |
| — | Visa Inc. - Class A (V) | 12,284 | $3.713M | 1.2% | $302.24 | $200.29 | — | COM | 92826c839 |
| — | Primis Financial Corp. (FRST) | 270,282 | $3.589M | 1.2% | $13.28 | $14.22 | — | COM | 74167b109 |
| EMR | Emerson Electric (EMR) | 26,049 | $3.413M | 1.1% | $131.02 | $42.64 | +207.3% | COM | 291011104 |
| MDT | Medtronic plc (MDT) | 36,397 | $3.154M | 1.1% | $86.65 | $76.65 | +13.0% | COM | G5960L103 |
| — | Zimmer Biomet Holdings, Inc. ( | 34,050 | $3.079M | 1.0% | $90.42 | $107.34 | — | COM | 98956p102 |
| — | Cadre Holdings, Inc. (CDRE) | 99,144 | $3.042M | 1.0% | $30.68 | $31.49 | — | COM | 12763l105 |
| — | Lucid Group Inc. | 3,195,000 | $2.995M | 1.0% | $0.94 | $0.93 | — | CONV | 549498AA1 |
| — | Pennymac Corp | 2,845,000 | $2.953M | 1.0% | $1.04 | $1.03 | — | CONV | 70932AAH6 |
| — | American Homes 4 Rent REIT (AM | 95,754 | $2.673M | 0.9% | $27.92 | $29.02 | — | COM | 02665t306 |
| NVT | nVent Electric plc (NVT) | 22,454 | $2.656M | 0.9% | $118.28 | $22.01 | +437.4% | COM | G6700G107 |
| SHBI | Shore Bancshares (SHBI) | 139,412 | $2.604M | 0.9% | $18.68 | $11.35 | +64.5% | COM | 825107105 |
| — | Levi Strauss & Co. Class A (LE | 130,862 | $2.42M | 0.8% | $18.49 | $18.76 | — | COM | 52736r102 |
| USFD | US Foods Holding Corp. (USFD) | 24,613 | $2.27M | 0.8% | $92.21 | $37.07 | +148.8% | COM | 912008109 |
| MTX | Minerals Technologies Inc. (M | 30,438 | $2.159M | 0.7% | $70.92 | $58.06 | +22.2% | COM | 603158106 |
| — | Advanced Drainage Systems (WMS | 15,263 | $2.093M | 0.7% | $137.13 | $100.25 | — | COM | 00790r104 |
| — | Blackbaud, Inc. (BLKB) | 51,418 | $1.985M | 0.7% | $38.61 | $68.52 | — | COM | 09227q100 |
| — | Wyndham Hotels & Resorts (WH) | 23,524 | $1.911M | 0.6% | $81.23 | $53.75 | — | COM | 98311a105 |
| RUSHA | Rush Enterprises Class A (RUSH | 26,331 | $1.741M | 0.6% | $66.11 | $34.76 | +90.2% | COM | 781846209 |
| ABT | Abbott Laboratories (ABT) | 16,116 | $1.655M | 0.6% | $102.67 | $72.49 | +41.6% | COM | 002824100 |
| — | Akamai Technologies, Inc. (AK | 13,554 | $1.557M | 0.5% | $114.85 | $104.35 | — | COM | 00971t101 |
| WSFS | WSFS Financial (WSFS) | 20,838 | $1.364M | 0.5% | $65.46 | $41.40 | +58.1% | COM | 929328102 |
| UPS | United Parcel Service, Inc. (U | 13,572 | $1.335M | 0.4% | $98.38 | $75.28 | +30.7% | COM | 911312106 |
| SHW | Sherwin-Williams Co. (SHW) | 4,130 | $1.324M | 0.4% | $320.55 | $205.65 | +55.9% | COM | 824348106 |
| RUSHB | Rush Enterprises Class B (RUSH | 17,328 | $1.115M | 0.4% | $64.35 | $20.21 | +218.4% | COM | 781846308 |
| — | Xylem Inc. | 7,906 | $945K | 0.3% | $119.50 | $119.50 | — | COM | 98419m100 |
| ROP | Roper Technologies, Inc. (ROP) | 2,599 | $920K | 0.3% | $353.86 | $543.22 | -34.9% | COM | 776696106 |
| — | Everpure, Inc. Class A (PSTG) | 13,582 | $802K | 0.3% | $59.04 | $41.57 | — | COM | 74624m102 |
| — | Cannae Holdings Inc. (CNNE) | 69,182 | $787K | 0.3% | $11.37 | $18.22 | — | COM | 13765n107 |
| PSX | Phillips 66 (PSX) | 3,369 | $614K | 0.2% | $182.18 | $40.93 | +345.1% | COM | 718546104 |
| OCFC | OceanFirst Financial (OCFC) | 29,137 | $526K | 0.2% | $18.04 | $9.88 | +82.6% | COM | 675234108 |
| — | DigitalOcean Holdings, Inc. | 526,000 | $512K | 0.2% | $0.97 | $0.86 | — | CONV | 25402DAB8 |
| MSFT | Microsoft Corp. (MSFT) | 845 | $313K | 0.1% | $370.17 | $434.78 | -14.9% | COM | 594918104 |
| — | Broadcom Inc. (AVGO) | 992 | $307K | 0.1% | $309.51 | $266.88 | — | COM | 11135f101 |
| — | Shoals Technology Grp, Inc. Cl | 34,500 | $227K | 0.1% | $6.58 | $6.74 | — | COM | 82489w107 |
| — | Vanguard Information Technolog | 321 | $224K | 0.1% | $697.72 | $397.65 | — | COM | 92204a702 |