Q2 2025 Holdings
Filed 2025-08-04 | 84 holdings | $443.9M | 13F-HR | View on SEC ↗ · Holdings Table ↗
Sign in to see sub-manager breakdown
| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Mercer International Inc SBI(MERC) | Com | 588056101 | $57.7M | 16,480,000 | 13.0% |
| Goldman Sachs Group Inc(GS) | Com | 38141G104 | $53.2M | 75,200 | 12.0% |
| Raymond James Fncl Inc(RJF) | Com | 754730109 | $45.7M | 298,125 | 10.3% |
| Amgen Inc(AMGN) | Com | 031162100 | $25.8M | 92,500 | 5.8% |
| NAM TAI Property Inc | Com | G63907102 | $24.3M | 5,774,800 | 5.5% |
| NAM TAI G63907-10-2 Private | Com | G63907PP1 | $22.4M | 5,336,452 | 5.0% |
| Scully Royalty LTD(SRL) | Com | G7T96K107 | $19.8M | 3,416,664 | 4.5% |
| Corning Inc(GLW) | Com | 219350105 | $19.3M | 367,350 | 4.4% |
| Selective INS Group Inc(SIGI) | Com | 816300107 | $17.3M | 200,000 | 3.9% |
| Vail Resorts Inc.(MTN) | Com | 91879Q109 | $13.2M | 84,000 | 3.0% |
| Argonaut Group Statutory TR - Call | Pref | 8AMCSFQW9 | $12.0M | 12,000 | 2.7% |
| Emerson Elec Co(EMR) | Com | 291011104 | $10.7M | 80,000 | 2.4% |
| Helios Technologies Inc(HLIO) | Com | 42328H109 | $10.0M | 300,000 | 2.3% |
| Exxon Mobil Corp(XOM) | Com | 30231G102 | $8.6M | 79,600 | 1.9% |
| Delphi Financial Group - Callable | Pref | 247131303 | $8.0M | 328,790 | 1.8% |
| Tennessee Valley Authority | Pref | 880591409 | $6.0M | 260,000 | 1.4% |
| Wintrust Financial Corp-Call(WTFC) | Pref | 97650W702 | $5.1M | 200,000 | 1.2% |
| KKR & Co Inc | Pref | 48251W609 | $5.1M | 200,000 | 1.1% |
| Wintrust Financial Corp-Callable | Pref | 97650W405 | $5.1M | 200,000 | 1.1% |
| Algonquin Power & Utilities Corp(AQNB) | Pref | 015857808 | $5.0M | 200,000 | 1.1% |
| Advanced Micro Devices Inc(AMD) | Com | 007903107 | $4.8M | 33,936 | 1.1% |
| Ziegler COS Inc the | Com | 989506308 | $4.1M | 48,972 | 0.9% |
| General Electric Co(GE) | Com | 369604301 | $3.9M | 15,125 | 0.9% |
| Wintrust Finl Corp | Pref | 97650W504 | $3.0M | 120,000 | 0.7% |
| F&G Annuities & Life Inc - Callabl(FG) | Pref | 30190A609 | $2.9M | 120,000 | 0.7% |
| Tennessee Valley Authority Parrs(TVC) | Pref | 880591300 | $2.8M | 120,000 | 0.6% |
| Eagle Point Credit Co-Callable | Pref | 269809885 | $2.8M | 120,000 | 0.6% |
| Johnson Ctls Intl PLC(JCI) | Com | G51502105 | $2.5M | 23,874 | 0.6% |
| Oxford Lane Cap Corp | Pref | 691543854 | $2.5M | 100,000 | 0.6% |
| Chevron Corporation(CVX) | Com | 166764100 | $2.3M | 16,000 | 0.5% |
| TE Connectivity COM(TEL) | Com | G87052109 | $2.1M | 12,500 | 0.5% |
| Oxford Lane Cap Corp | Pref | 691543862 | $2.0M | 80,000 | 0.5% |
| GE Vernova Inc(GEV) | Com | 36828A101 | $2.0M | 3,780 | 0.5% |
| Aspen Insurance Holdings-Call | Pref | G05384170 | $1.9M | 80,000 | 0.4% |
| Triton Intl Ltd-Callable | Pref | G9078F164 | $1.9M | 80,000 | 0.4% |
| Affiliated Managers Group Inc-Call | Pref | 008252827 | $1.9M | 80,000 | 0.4% |
| Corebridge Finl Inc-Callable | Pref | 21871X208 | $1.9M | 80,000 | 0.4% |
| Mcdonalds Corp(MCD) | Com | 580135101 | $1.8M | 6,250 | 0.4% |
| Axis Capital Holdings-Callable | Pref | 05461T305 | $1.4M | 70,000 | 0.3% |
| UMB Financial Corp-Callable | Pref | 902788405 | $1.3M | 50,000 | 0.3% |
| Argo Group Intl Hldgs Inc - Callab | Pref | 040128407 | $1.3M | 50,000 | 0.3% |
| US Bancorp -Callable(USB) | Pref | 902973668 | $1.1M | 60,000 | 0.2% |
| Partnerre LTD - Callable | Pref | G68603169 | $1.0M | 60,000 | 0.2% |
| China Fund Inc(XXCHNXX) | Com | 169373107 | $1.0M | 68,399 | 0.2% |
| Wesbanco Inc -Callable | Pref | 950810705 | $1.0M | 40,000 | 0.2% |
| Bank OZK(OZK) | Pref | 06417N202 | $975.6K | 60,000 | 0.2% |
| PHI Group Inc(PHIG) | Com | 69360B104 | $972.9K | 39,712 | 0.2% |
| Procter & Gamble Co(PG) | Com | 742718109 | $908.1K | 5,700 | 0.2% |
| B Riley Financial Inc - Callable | Pref | 05580M819 | $887.6K | 140,000 | 0.2% |
| Hudson Pacific Properties Inc-Call | Pref | 444097307 | $829.4K | 55,000 | 0.2% |