Securities ▲▼ | Shares | Value | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| Mercer International Inc.(MERC) | 16,700,000 | 17,220,000 | +520,000 | $48.10M | $34.10M | 9.98% | -$14.00M |
| Corning Incorporated(GLW) | 368,350 | 368,350 | 0 | $30.22M | $32.25M | 9.45% | +$2.04M |
| Amgen Inc.(AMGN) | 92,500 | 92,500 | 0 | $26.10M | $30.28M | 8.87% | +$4.17M |
| Scully Royalty Ltd.(SRL) | 3,416,664 | 3,416,664 | 0 | $20.50M | $29.21M | 8.55% | +$8.71M |
| Nam Tai Property Inc.(NTPIF) | 5,774,800 | 5,774,800 | 0 | $24.77M | $24.83M | 7.27% | +$57.7K |
| Nam Tai G63907-10-2 Private | 5,336,452 | 5,336,452 | 0 | $22.89M | $22.95M | 6.72% | +$53.4K |
| The Goldman Sachs Group, Inc.(GS) | 75,200 | 21,050 | -54,150 | $59.89M | $18.50M | 5.42% | -$41.38M |
| Helios Technologies, Inc.(HLIO) | 300,000 | 300,000 | 0 | $15.64M | $16.05M | 4.70% | +$408.0K |
| Argonaut Group Statutory Tr - CallPREF | 12,000 | 12,000 | 0 | $12.00M | $12.00M | 3.51% | $0 |
| Vail Resorts, Inc.(MTN) | 84,000 | 84,000 | 0 | $12.56M | $11.16M | 3.27% | -$1.41M |
| Exxon Mobil Corp | 79,600 | 79,600 | 0 | $8.97M | $9.58M | 2.81% | +$604.2K |
| Delphi Financial Group - CallablePREF | 328,790 | 328,790 | 0 | $7.93M | $8.06M | 2.36% | +$123.3K |
| Advanced Micro Devices, Inc.(AMD) | 33,936 | 33,936 | 0 | $5.49M | $7.27M | 2.13% | +$1.78M |
| Tennessee Valley AuthorityPREF(TVC) | 520,000 | 260,000 | -260,000 | $12.27M | $6.37M | 1.87% | -$5.89M |
| Wintrust Financial CorporationPREF(WTFC) | 200,000 | 220,000 | +20,000 | $5.44M | $5.73M | 1.68% | +$291.0K |
| Algonquin Power & Utilities CorpPREF | 200,000 | 200,000 | 0 | $5.09M | $5.11M | 1.50% | +$20.0K |
| GE Aerospace(GE) | 15,125 | 15,125 | 0 | $4.55M | $4.66M | 1.36% | +$109.1K |
| KKR & Co. Inc.PREF(KKR) | 180,000 | 180,000 | 0 | $4.64M | $4.63M | 1.36% | -$12.6K |
| WesBanco, Inc.PREF(WSBC) | 130,000 | 130,000 | 0 | $3.30M | $3.35M | 0.98% | +$53.3K |
| Texas Ventures Acquisition III CorpPREF(TVA) | 120,000 | 120,000 | 0 | $2.87M | $2.89M | 0.84% | +$20.4K |
| TE Connectivity plc(TEL) | 12,500 | 12,500 | 0 | $2.74M | $2.84M | 0.83% | +$99.8K |
| Eagle Point Credit CompanyPREF(ECC) | 120,000 | 120,000 | 0 | $2.81M | $2.84M | 0.83% | +$24.0K |
| F&G Annuities & Life, Inc.PREF(FG) | 120,000 | 120,000 | 0 | $2.90M | $2.64M | 0.77% | -$258.0K |
| Oxford Lane Capital Corp.PREF(OXLC) | 100,000 | 100,000 | 0 | $2.52M | $2.52M | 0.74% | +$8.5K |
| GE Vernova Inc.(GEV) | 3,780 | 3,780 | 0 | $2.32M | $2.47M | 0.72% | +$146.2K |
| Partnerre Ltd - CallablePREF | 120,000 | 120,000 | 0 | $2.10M | $2.05M | 0.60% | -$48.0K |
| Oxford Lane Capital Corp.PREF(OXLC) | 80,000 | 80,000 | 0 | $2.05M | $2.05M | 0.60% | +$3.7K |
| Triton Intl Ltd-CallablePREF | 80,000 | 80,000 | 0 | $2.00M | $2.03M | 0.59% | +$26.5K |
| Ramaco Resources, Inc.PREF(METC) | 80,000 | 80,000 | 0 | $2.05M | $2.02M | 0.59% | -$30.4K |
| Xcel Energy Inc.PREF(XEL) | 0 | 80,000 | +80,000 | $0 | $2.00M | 0.59% | +$2.00M |
| Aspen Insurance Holdings-CallPREF | 80,000 | 80,000 | 0 | $2.01M | $1.99M | 0.58% | -$20.7K |
| Tanscanada Pipeline StrPREF | 0 | 80,000 | +80,000 | $0 | $1.96M | 0.57% | +$1.96M |
| Affiliated Managers Group Inc-CallPREF | 80,000 | 80,000 | 0 | $1.95M | $1.94M | 0.57% | -$7.2K |
| Corebridge Financial Inc. 6.375PREF(CRBD) | 80,000 | 80,000 | 0 | $1.95M | $1.85M | 0.54% | -$94.4K |
| NewtekOne, Inc.PREF(NEWT) | 80,000 | 80,000 | 0 | $1.93M | $1.84M | 0.54% | -$85.6K |
| BRC Group Holdings, Inc.PREF(RILY) | 140,000 | 140,000 | 0 | $1.57M | $1.72M | 0.50% | +$142.8K |
| Johnson Ctls Intl Plc SHS | 23,874 | 11,937 | -11,937 | $2.62M | $1.43M | 0.42% | -$1.20M |
| AXIS Capital Holdings LimitedPREF(AXS) | 70,000 | 70,000 | 0 | $1.50M | $1.39M | 0.41% | -$107.1K |
| Phi Group Inc | 39,712 | 39,712 | 0 | $1.27M | $1.27M | 0.37% | $0 |
| U.S. BancorpPREF(USB) | 60,000 | 60,000 | 0 | $1.18M | $1.09M | 0.32% | -$94.8K |
| Bank OZKPREF(OZK) | 60,000 | 60,000 | 0 | $1.04M | $996.6K | 0.29% | -$43.2K |
| American Finl Group Inc Ohio-CallPREF | 30,000 | 50,000 | +20,000 | $614.1K | $948.0K | 0.28% | +$333.9K |
| Customers Bancorp, Inc 5.375% SPREF(CUBB) | 40,000 | 40,000 | 0 | $858.0K | $891.2K | 0.26% | +$33.2K |
| Hudson Pacific Properties, Inc.PREF(HPP) | 55,000 | 55,000 | 0 | $780.5K | $848.6K | 0.25% | +$68.2K |
| Globe Life Inc - CallablePREF | 50,000 | 50,000 | 0 | $819.8K | $841.5K | 0.25% | +$21.8K |
| The Procter & Gamble Company(PG) | 5,700 | 5,700 | 0 | $875.8K | $816.9K | 0.24% | -$58.9K |
| Spectrum Brands Holdings, Inc.(SPB) | 12,799 | 12,799 | 0 | $672.3K | $756.2K | 0.22% | +$83.8K |
| Berkshire Hathaway Inc Del Cl A | 1 | 1 | 0 | $754.2K | $754.8K | 0.22% | +$600 |
| Arch Capital Group Ltd.PREF(ACGL) | 0 | 40,000 | +40,000 | $0 | $664.0K | 0.19% | +$664.0K |
| Comerica Inc-CallablePREF | 80,000 | 20,000 | -60,000 | $2.02M | $523.4K | 0.15% | -$1.50M |
| American Financial Gr Inc Oh-CallPREF | 30,000 | 30,000 | 0 | $563.6K | $506.7K | 0.15% | -$56.9K |
| Brookfield Brp Hldgs Inc-CallablePREF | 20,000 | 20,000 | 0 | $494.0K | $502.2K | 0.15% | +$8.2K |
| Atlanticus Holdings CorporationPREF(ATLC) | 20,000 | 20,000 | 0 | $501.2K | $496.0K | 0.15% | -$5.3K |
| Prospect Capital CorporationPREF(PSEC) | 50,000 | 30,000 | -20,000 | $823.0K | $495.6K | 0.15% | -$327.4K |
| Edison InternationalPREF(EIX) | 20,000 | 20,000 | 0 | $439.0K | $482.0K | 0.14% | +$43.0K |
| AbbVie Inc.(ABBV) | 1,948 | 1,948 | 0 | $451.0K | $445.1K | 0.13% | -$5.9K |
| Ready Capital CorporationPREF(RC) | 20,000 | 20,000 | 0 | $479.2K | $416.0K | 0.12% | -$63.2K |
| GE HealthCare Technologies Inc.(GEHC) | 5,040 | 5,040 | 0 | $378.5K | $413.4K | 0.12% | +$34.9K |
| SLM CorporationPREF(SLM) | 4,500 | 4,500 | 0 | $338.0K | $327.0K | 0.10% | -$11.0K |
| Presurance Holdings, Inc.(PRHI) | 250,000 | 250,000 | 0 | $305.0K | $178.2K | 0.05% | -$126.8K |
| Ladenburg Thalman Fin Svcs IncPREF | 5,000 | 5,000 | 0 | $110.0K | $112.5K | 0.03% | +$2.5K |
| Office Properties Income TrustPREF(OPI) | 40,000 | 40,000 | 0 | $186.0K | $74.8K | 0.02% | -$111.2K |
| CBL & Associates Properties, Inc.(CBL) | 658 | 658 | 0 | $20.1K | $24.3K | 0.01% | +$4.2K |
| Adient plc(ADNT) | 1,193 | 1,193 | 0 | $28.7K | $22.9K | 0.01% | -$5.9K |
| Svb Finl TrPREF | 240,000 | 240,000 | 0 | $16.8K | $19.2K | 0.01% | +$2.4K |
| Kaiser Aluminum Corporation(KALU) | 70 | 70 | 0 | $5.4K | $8.0K | 0.00% | +$2.6K |
| Bb Liquidating Inc - Class A | 54,211 | 54,211 | 0 | $813 | $813 | 0.00% | $0 |
| Bb Liquidating Inc - Class B | 54,211 | 54,211 | 0 | $434 | $434 | 0.00% | $0 |
| Cal Dive International Inc | 500,000 | 500,000 | 0 | $50 | $50 | 0.00% | $0 |
| Roomstore Inc - Cmn | 43,661 | 43,661 | 0 | $4 | $4 | 0.00% | $0 |
| Corsa Coal Corp | 2,226,000 | 2,226,000 | 0 | $8.1K | $2 | 0.00% | -$8.1K |
| Amentum Holdings Inc | 24,693 | 0 | -24,693 | $591.4K | $0 | — | -$591.4K |
| American National Group IncPREF | 20,000 | 0 | -20,000 | $504.4K | $0 | — | -$504.4K |
| BP p.l.c.(BP) | 15,000 | 0 | -15,000 | $516.9K | $0 | — | -$516.9K |
| Chevron Corporation(CVX) | 16,000 | 0 | -16,000 | $2.48M | $0 | — | -$2.48M |
| China Fund Inc | 68,399 | 0 | -68,399 | $1.26M | $0 | — | -$1.26M |
| Embecta Corp.(EMBC) | 4,000 | 0 | -4,000 | $56.4K | $0 | — | -$56.4K |
| Emerson Electric Co.(EMR) | 80,000 | 0 | -80,000 | $10.49M | $0 | — | -$10.49M |
| International Business Machines Corporation(IBM) | 1,500 | 0 | -1,500 | $423.2K | $0 | — | -$423.2K |
| Kyndryl Holdings, Inc.(KD) | 300 | 0 | -300 | $9.0K | $0 | — | -$9.0K |
| McDonald's Corporation(MCD) | 6,250 | 0 | -6,250 | $1.90M | $0 | — | -$1.90M |
| NNN REIT, Inc.(NNN) | 13,000 | 0 | -13,000 | $553.4K | $0 | — | -$553.4K |
| DNOW Inc.(DNOW) | 1,100 | 0 | -1,100 | $16.8K | $0 | — | -$16.8K |
| Organon & Co.(OGN) | 3,000 | 0 | -3,000 | $32.0K | $0 | — | -$32.0K |
| Raymond James Financial, Inc.(RJF) | 298,125 | 0 | -298,125 | $51.46M | $0 | — | -$51.46M |
| Selective Insurance Group, Inc.(SIGI) | 200,000 | 0 | -200,000 | $16.21M | $0 | — | -$16.21M |
| Wells Fargo & CompanyPREF(WFC) | 387 | 0 | -387 | $97 | $0 | — | -$97 |
| Ziegler Cos Inc The | 48,972 | 0 | -48,972 | $4.06M | $0 | — | -$4.06M |