Q2 2025 Holdings
Filed 2025-08-13 | 116 holdings | $287.4M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Agnico-Eagle(AEM) | COM | 008474108 | $15.7M | 131,727 | 5.5% |
| Metlife Inc(MET) | COM | 59156R108 | $13.3M | 164,983 | 4.6% |
| CTO Realty GRW(CTO) | COM | 22948Q101 | $11.1M | 642,054 | 3.9% |
| Timberland Banc(TSBK) | COM | 887098101 | $9.3M | 298,395 | 3.2% |
| Exchange Bank(EXSR) | COM | 301227203 | $8.0M | 76,054 | 2.8% |
| First Business(FBIZ) | COM | 319390100 | $7.9M | 155,799 | 2.7% |
| Shell PLC(SHEL) | SPON ADS | 780259305 | $7.8M | 110,656 | 2.7% |
| SB Financial(SBFG) | COM | 78408D105 | $7.5M | 391,983 | 2.6% |
| Energy Transfer(ET) | COM UT LTD PTN | 29273V100 | $7.1M | 393,619 | 2.5% |
| PPL Capital | NOTE 2.875% 3/1 | 69352PAS2 | $6.8M | $6,330,000 | 2.4% |
| Bunge Limited(BG) | COM SHS | H11356104 | $6.4M | 79,964 | 2.2% |
| Fidelity Cvngtn(FENY) | MSCI ENERGY IDX | 316092402 | $6.3M | 270,509 | 2.2% |
| Parke Bancorp(PKBK) | COM | 700885106 | $6.3M | 309,657 | 2.2% |
| Pfizer Inc(PFE) | COM | 717081103 | $6.1M | 250,893 | 2.1% |
| Jazz Invest | NOTE 2.000% 6/1 | 472145AF8 | $5.8M | $5,730,000 | 2.0% |
| Kimco Realty | DP CV CL N 7.25% | 49446R687 | $5.5M | 90,465 | 1.9% |
| Vici Prpty(VICI) | COM | 925652109 | $5.4M | 166,133 | 1.9% |
| Benchmark Bank(BMBN) | COM | 08160E207 | $5.0M | 170,982 | 1.7% |
| Ledyard Finan(LFGP) | COM | 523338101 | $4.7M | 326,121 | 1.6% |
| Merck&co Inc(MRK) | COM | 58933Y105 | $4.6M | 58,031 | 1.6% |
| Innoviva Inc | NOTE 2.125% 3/1 | 45781MAD3 | $4.3M | $4,340,000 | 1.5% |
| Viatris Inc(VTRS) | COM | 92556V106 | $4.1M | 463,910 | 1.4% |
| Weyerhaeuser(WY) | COM NEW | 962166104 | $4.1M | 159,240 | 1.4% |
| Bank Botetourt(BORT) | COM | 063907208 | $4.0M | 112,674 | 1.4% |
| First Natl VA(FXNC) | COM | 32106V107 | $3.9M | 202,785 | 1.4% |
| Verizon Comm(VZ) | COM | 92343V104 | $3.8M | 88,596 | 1.3% |
| Potomac Banc(PTBS) | COM | 737643106 | $3.8M | 220,368 | 1.3% |
| Flagstar Fncl | UNIT 05/07/2051 | 64944P307 | $3.8M | 97,812 | 1.3% |
| Chespke Finan(CPKF) | COM | 16517A109 | $3.6M | 173,000 | 1.3% |
| Alerus Finan(ALRS) | COM | 01446U103 | $3.4M | 156,000 | 1.2% |
| Apple Hoptly(APLE) | COM NEW | 03784Y200 | $3.3M | 283,770 | 1.2% |
| Global Medical(GMREUSD) | COM NEW | 37954A204 | $3.3M | 472,938 | 1.1% |
| Cmnty WST Banc(CWBC) | COM | 203937107 | $3.2M | 162,061 | 1.1% |
| Liberty Media | NOTE 2.250% 8/1 | 531229AQ5 | $3.1M | $2,360,000 | 1.1% |
| CSB Bancorp(CSBB) | COM | 12628R107 | $3.0M | 69,000 | 1.0% |
| Albertsons COS(ACI) | COM | 013091103 | $2.9M | 134,687 | 1.0% |
| F&M Bank Corp(FMBM) | COM | 30237P106 | $2.9M | 136,814 | 1.0% |
| Guess Inc | NOTE 3.750% 4/1 | 401617AF2 | $2.9M | $3,010,000 | 1.0% |
| SFL Corp LTD(SFL) | SHS | G7738W106 | $2.8M | 338,792 | 1.0% |
| American Intl(AIG) | COM NEW | 026874784 | $2.8M | 32,800 | 1.0% |
| Liberty Media | NOTE 3.750% 3/1 | 531229AP7 | $2.6M | $2,538,000 | 0.9% |
| Merchants Finl(MFGI) | COM | 588538108 | $2.4M | 93,700 | 0.8% |
| HCI Group Inc(HCI) | COM | 40416E103 | $2.3M | 15,292 | 0.8% |
| LXP Industrial(LXPUSD) | COM | 529043101 | $2.3M | 276,139 | 0.8% |
| Duke Energy | NOTE 4.125% 4/1 | 26441CBY0 | $2.3M | $2,145,000 | 0.8% |
| Energizer Hldng(ENR) | COM | 29272W109 | $2.3M | 112,393 | 0.8% |
| CNH Industrial(CNH) | SHS | N20944109 | $2.2M | 173,563 | 0.8% |
| Ford Motor Co | NOTE 3/1 | 345370CZ1 | $2.2M | $2,275,000 | 0.8% |
| Ameris Bancorp(ABCB) | COM | 03076K108 | $2.2M | 34,459 | 0.8% |
| VE Wide Moat(MOAT) | MRNGSTR WDE MOAT | 92189F643 | $2.2M | 23,063 | 0.8% |