Q4 2025 Holdings
Filed 2026-02-13 | 122 holdings | $343.1M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↑ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Solvay Bank(SOBS) | COM | 83441Q105 | $1.1M | 37,665 | 0.3% |
| Haemonetics Corp | NOTE 2.500% 6/0 | 405024AD2 | $1.2M | $1,160,000 | 0.4% |
| Peoples FIN Serv(PFIS) | COM | 711040105 | $1.4M | 28,748 | 0.4% |
| LCI Inds Conv | NOTE 1.125% 5/1 | 501812AB7 | $1.5M | $1,482,000 | 0.4% |
| Pacira Bioscience | NOTE 2.125% 5/1 | 695127AJ9 | $1.5M | $1,495,000 | 0.4% |
| Banc California(BANC) | COM | 05990K106 | $1.5M | 78,750 | 0.4% |
| Financial Inst(FISI) | COM | 317585404 | $1.5M | 49,428 | 0.4% |
| AT&T Inc(T) | COM | 00206R102 | $1.5M | 62,356 | 0.5% |
| CNH Industrial(CNH) | SHS | N20944109 | $1.6M | 170,563 | 0.5% |
| Airbnb Inc Bond | NOTE 3/1 | 009066AB7 | $1.6M | $1,600,000 | 0.5% |
| Tyson Foods(TSN) | CL A | 902494103 | $1.6M | 27,107 | 0.5% |
| Vgrd S&P 500(VOO) | S&P 500 ETF SHS | 922908363 | $1.7M | 2,655 | 0.5% |
| Ford Motor Co | NOTE 3/1 | 345370CZ1 | $1.7M | $1,615,000 | 0.5% |
| Etsy Inc Bond | NOTE 0.125% 9/0 | 29786AAL0 | $1.8M | $1,905,000 | 0.5% |
| Amphastar Pharma | NOTE 2.000% 3/1 | 03209RAB9 | $1.8M | $1,965,000 | 0.5% |
| EPR Prpty | PDF C CV 5.75% | 26884U208 | $1.8M | 81,995 | 0.5% |
| Beacon Financial(BBT) | COM | 084680107 | $1.8M | 69,183 | 0.5% |
| Schlumberger(SLB) | COM STK | 806857108 | $1.9M | 49,452 | 0.6% |
| VE Gold Miners(GDX) | GOLD MINERS ETF | 92189F106 | $2.0M | 23,387 | 0.6% |
| Duke Energy | NOTE 4.125% 4/1 | 26441CBY0 | $2.1M | $2,085,000 | 0.6% |
| First Cmnty SC(FCCO) | COM | 319835104 | $2.3M | 76,500 | 0.7% |
| Energizer Hldng(ENR) | COM | 29272W109 | $2.4M | 119,975 | 0.7% |
| Ameris Bancorp(ABCB) | COM | 03076K108 | $2.5M | 33,459 | 0.7% |
| Albertsons COS(ACI) | COM | 013091103 | $2.5M | 146,712 | 0.7% |
| SFL Corp LTD(SFL) | SHS | G7738W106 | $2.6M | 334,392 | 0.8% |
| LXP Industrial(LXPUSD) | COM | 529043101 | $2.7M | 54,226 | 0.8% |
| Northern Oil | NOTE 3.625% 4/1 | 665531AJ8 | $2.7M | $2,810,000 | 0.8% |
| American Intl(AIG) | COM NEW | 026874784 | $2.8M | 32,800 | 0.8% |
| HCI Group Inc(HCI) | COM | 40416E103 | $2.9M | 15,293 | 0.9% |
| Liberty Media | NOTE 2.250% 8/1 | 531229AQ5 | $3.0M | $2,350,000 | 0.9% |
| Alerus Finan(ALRS) | COM | 01446U103 | $3.1M | 138,000 | 0.9% |
| VE Wide Moat(MOAT) | MRNGSTR WDE MOAT | 92189F643 | $3.2M | 30,598 | 0.9% |
| Fsbh Corp(FSBH) | COM | 30325F101 | $3.3M | 210,000 | 0.9% |
| Flagstar Fncl | UNIT 05/07/2051 | 64944P307 | $3.4M | 85,179 | 1.0% |
| Apple Hoptly(APLE) | COM NEW | 03784Y200 | $3.4M | 290,270 | 1.0% |
| CSB Bancorp(CSBB) | COM | 12628R107 | $3.6M | 67,000 | 1.1% |
| Cmnty WST Banc(CWBC) | COM | 203937107 | $3.7M | 162,829 | 1.1% |
| F&M Bank Corp(FMBM) | COM | 30237P106 | $3.9M | 135,864 | 1.1% |
| Weyerhaeuser(WY) | COM NEW | 962166104 | $3.9M | 166,060 | 1.1% |
| Merchants Finl(MFGI) | COM | 588538108 | $4.0M | 125,850 | 1.2% |
| Potomac Banc(PTBS) | COM | 737643106 | $4.2M | 230,620 | 1.2% |
| Microsoft CorpPut | COM | 594918954 | $4.4M | 90,000 | 1.3% |
| Apple Inc(AAPL)Put | COM | 037833100 | $4.8M | 17,500 | 1.4% |
| Bank Botetourt(BORT) | COM | 063907208 | $4.9M | 111,034 | 1.4% |
| Sirius XM Hldngs | NOTE 3.750% 3/1 | 531229AP7 | $4.9M | $4,888,000 | 1.4% |
| Progress Software | NOTE 3.500% 3/0 | 743312AD2 | $5.0M | $4,945,000 | 1.5% |
| Ledyard Finan(LFGP) | COM | 523338101 | $5.0M | 336,121 | 1.5% |
| Chespke Finan(CPKF) | COM | 16517A109 | $5.0M | 178,500 | 1.5% |
| First Natl VA(FXNC) | COM | 32106V107 | $5.1M | 203,109 | 1.5% |
| Global Medical(GMRE) | COM NEW | 37954A303 | $5.2M | 155,022 | 1.5% |