Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| SCULLY ROYALTY LTD | 3,416,664 | 3,416,664 | 0 | 20,500 | 29,212 | 8.55% | +8,712 |
| AMGEN INC(AMGN) | 92,500 | 92,500 | 0 | 26,104 | 30,276 | 8.87% | +4,173 |
| CORNING INC(GLW) | 368,350 | 368,350 | 0 | 30,216 | 32,253 | 9.45% | +2,037 |
| XCEL ENERGY INC-CALLABLE(XEL) | 0 | 80,000 | +80,000 | 0 | 2,002 | 0.59% | +2,002 |
| TANSCANADA PIPELINE STR | 0 | 80,000 | +80,000 | 0 | 1,959 | 0.57% | +1,959 |
| ADVANCED MICRO DEVICES INC(AMD) | 33,936 | 33,936 | 0 | 5,491 | 7,268 | 2.13% | +1,777 |
| ARCH CAPITAL GROUP LTD(ACGL) | 0 | 40,000 | +40,000 | 0 | 664 | 0.19% | +664 |
| EXXON MOBIL CORP | 79,600 | 79,600 | 0 | 8,975 | 9,579 | 2.81% | +604 |
| HELIOS TECHNOLOGIES INC(HLIO) | 300,000 | 300,000 | 0 | 15,639 | 16,047 | 4.70% | +408 |
| AMERICAN FINL GROUP INC OHIO-CALL | 30,000 | 50,000 | +20,000 | 614 | 948 | 0.28% | +334 |
| WINTRUST FINANCIAL CORP-CALL(WTFC) | 200,000 | 220,000 | +20,000 | 5,440 | 5,731 | 1.68% | +291 |
| GE VERNOVA INC(GEV) | 3,780 | 3,780 | 0 | 2,324 | 2,470 | 0.72% | +146 |
| B RILEY FINANCIAL INC - CALLABLE | 140,000 | 140,000 | 0 | 1,572 | 1,715 | 0.50% | +143 |
| DELPHI FINANCIAL GROUP - CALLABLE | 328,790 | 328,790 | 0 | 7,932 | 8,055 | 2.36% | +123 |
| GENERAL ELECTRIC CO(GE) | 15,125 | 15,125 | 0 | 4,550 | 4,659 | 1.36% | +109 |
| TE CONNECTIVITY COM(TEL) | 12,500 | 12,500 | 0 | 2,744 | 2,844 | 0.83% | +100 |
| SPECTRUM BRANDS HOLDINGS INC(SPB) | 12,799 | 12,799 | 0 | 672 | 756 | 0.22% | +84 |
| HUDSON PACIFIC PROPERTIES INC-CALL | 55,000 | 55,000 | 0 | 780 | 849 | 0.25% | +68 |
| NAM TAI PROPERTY INC | 5,774,800 | 5,774,800 | 0 | 24,774 | 24,832 | 7.27% | +58 |
| NAM TAI G63907-10-2 PRIVATE | 5,336,452 | 5,336,452 | 0 | 22,893 | 22,947 | 6.72% | +53 |
| WESBANCO INC - CALLABLE(WSBC) | 130,000 | 130,000 | 0 | 3,299 | 3,353 | 0.98% | +53 |
| SCE TR VIII-CALLABLE(EIX) | 20,000 | 20,000 | 0 | 439 | 482 | 0.14% | +43 |
| GE HEALTHCARE TECHNOLOGIES INC(GEHC) | 5,040 | 5,040 | 0 | 379 | 413 | 0.12% | +35 |
| CUSTOMERS BANCORP INC(CUBB) | 40,000 | 40,000 | 0 | 858 | 891 | 0.26% | +33 |
| TRITON INTL LTD-CALLABLE | 80,000 | 80,000 | 0 | 2,000 | 2,026 | 0.59% | +26 |
| EAGLE POINT CREDIT CO-CALLABLE(ECC) | 120,000 | 120,000 | 0 | 2,813 | 2,837 | 0.83% | +24 |
| GLOBE LIFE INC - CALLABLE | 50,000 | 50,000 | 0 | 820 | 842 | 0.25% | +22 |
| TENNESSEE VALLEY AUTHORITY PARRS | 120,000 | 120,000 | 0 | 2,865 | 2,885 | 0.84% | +20 |
| ALGONQUIN POWER & UTILITIES CORP | 200,000 | 200,000 | 0 | 5,090 | 5,110 | 1.50% | +20 |
| OXFORD LANE CAP CORP(OXLC) | 100,000 | 100,000 | 0 | 2,516 | 2,524 | 0.74% | +8 |
| BROOKFIELD BRP HLDGS INC-CALLABLE | 20,000 | 20,000 | 0 | 494 | 502 | 0.15% | +8 |
| CBL & ASSOC PPTYS INC(CBL) | 658 | 658 | 0 | 20 | 24 | 0.01% | +4 |
| OXFORD LANE CAP CORP(OXLC) | 80,000 | 80,000 | 0 | 2,047 | 2,051 | 0.60% | +4 |
| KAISER ALUM CORP DEPOSITARY S CMN(KALU) | 70 | 70 | 0 | 5 | 8 | 0.00% | +3 |
| LADENBURG THALMAN FIN SVCS INC | 5,000 | 5,000 | 0 | 110 | 113 | 0.03% | +2 |
| SVB FINL TR | 240,000 | 240,000 | 0 | 17 | 19 | 0.01% | +2 |
| BERKSHIRE HATHAWAY INC DEL CL A | 1 | 1 | 0 | 754 | 755 | 0.22% | +1 |
| BB LIQUIDATING INC - CLASS A | 54,211 | 54,211 | 0 | 1 | 1 | 0.00% | 0 |
| BB LIQUIDATING INC - CLASS B | 54,211 | 54,211 | 0 | 0 | 0 | 0.00% | 0 |
| CAL DIVE INTERNATIONAL INC | 500,000 | 500,000 | 0 | 0 | 0 | 0.00% | 0 |
| PHI GROUP INC | 39,712 | 39,712 | 0 | 1,271 | 1,271 | 0.37% | 0 |
| ROOMSTORE INC - CMN | 43,661 | 43,661 | 0 | 0 | 0 | 0.00% | 0 |
| ARGONAUT GROUP STATUTORY TR - CALL | 12,000 | 12,000 | 0 | 12,000 | 12,000 | 3.51% | 0 |
| WELLS FARGO & COMPANY PFT SERIES J(WFC) | 387 | 0 | -387 | 0 | 0 | — | -0 |
| ATLANTICUS HOLDINS CORP - CALL(ATLC) | 20,000 | 20,000 | 0 | 501 | 496 | 0.15% | -5 |
| ADIENT LTD(ADNT) | 1,193 | 1,193 | 0 | 29 | 23 | 0.01% | -6 |
| ABBVIE INC(ABBV) | 1,948 | 1,948 | 0 | 451 | 445 | 0.13% | -6 |
| AFFILIATED MANAGERS GROUP INC-CALL | 80,000 | 80,000 | 0 | 1,946 | 1,938 | 0.57% | -7 |
| CORSA COAL CORP | 2,226,000 | 2,226,000 | 0 | 8 | 0 | 0.00% | -8 |
| KYNDRYL HLDGS INC(KD) | 300 | 0 | -300 | 9 | 0 | — | -9 |
| SLM CORP PFD SERIES B(SLM) | 4,500 | 4,500 | 0 | 338 | 327 | 0.10% | -11 |
| KKR & CO INC(KKR) | 180,000 | 180,000 | 0 | 4,642 | 4,630 | 1.36% | -13 |
| NOW INC DE(DNOW) | 1,100 | 0 | -1,100 | 17 | 0 | — | -17 |
| ASPEN INSURANCE HOLDINGS-CALL | 80,000 | 80,000 | 0 | 2,012 | 1,992 | 0.58% | -21 |
| RAMCO RES INC-CALLABLE | 80,000 | 80,000 | 0 | 2,052 | 2,022 | 0.59% | -30 |
| ORGANON CO(OGN) | 3,000 | 0 | -3,000 | 32 | 0 | — | -32 |
| BANK OZK(OZK) | 60,000 | 60,000 | 0 | 1,040 | 997 | 0.29% | -43 |
| PARTNERRE LTD - CALLABLE | 120,000 | 120,000 | 0 | 2,100 | 2,052 | 0.60% | -48 |
| EMBECTA CORP | 4,000 | 0 | -4,000 | 56 | 0 | — | -56 |
| AMERICAN FINANCIAL GR INC OH-CALL | 30,000 | 30,000 | 0 | 564 | 507 | 0.15% | -57 |
| PROCTER & GAMBLE CO(PG) | 5,700 | 5,700 | 0 | 876 | 817 | 0.24% | -59 |
| READY CAPITAL CORP | 20,000 | 20,000 | 0 | 479 | 416 | 0.12% | -63 |
| NEWTEKONE INC-CALLABLE | 80,000 | 80,000 | 0 | 1,930 | 1,844 | 0.54% | -86 |
| COREBRIDGE FINL INC-CALLABLE(CRBD) | 80,000 | 80,000 | 0 | 1,946 | 1,852 | 0.54% | -94 |
| US BANCORP -CALLABLE(USB) | 60,000 | 60,000 | 0 | 1,184 | 1,090 | 0.32% | -95 |
| AXIS CAPITAL HOLDINGS-CALLABLE(AXS) | 70,000 | 70,000 | 0 | 1,502 | 1,394 | 0.41% | -107 |
| OFFICE PPTYS INCOME TR | 40,000 | 40,000 | 0 | 186 | 75 | 0.02% | -111 |
| CONIFER HOLDINGS INC | 250,000 | 250,000 | 0 | 305 | 178 | 0.05% | -127 |
| F&G ANNUITIES & LIFE INC - CALLABL(FG) | 120,000 | 120,000 | 0 | 2,896 | 2,638 | 0.77% | -258 |
| PROSPECT CAP CORP(PSEC) | 50,000 | 30,000 | -20,000 | 823 | 496 | 0.15% | -327 |
| INTL BUSINESS MACHINES CORP(IBM) | 1,500 | 0 | -1,500 | 423 | 0 | — | -423 |
| AMERICAN NATIONAL GROUP INC | 20,000 | 0 | -20,000 | 504 | 0 | — | -504 |
| BP P.L.C. SPONSORED ADR - CMN(BP) | 15,000 | 0 | -15,000 | 517 | 0 | — | -517 |
| NATIONAL RETAIL PPTYS INC(NNN) | 13,000 | 0 | -13,000 | 553 | 0 | — | -553 |
| AMENTUM HOLDINGS INC | 24,693 | 0 | -24,693 | 591 | 0 | — | -591 |
| JOHNSON CTLS INTL PLC SHS | 23,874 | 11,937 | -11,937 | 2,625 | 1,429 | 0.42% | -1,195 |
| CHINA FUND INC | 68,399 | 0 | -68,399 | 1,263 | 0 | — | -1,263 |
| VAIL RESORTS INC.(MTN) | 84,000 | 84,000 | 0 | 12,564 | 11,155 | 3.27% | -1,409 |
| COMERICA INC-CALLABLE | 80,000 | 20,000 | -60,000 | 2,018 | 523 | 0.15% | -1,495 |
| MCDONALDS CORP(MCD) | 6,250 | 0 | -6,250 | 1,899 | 0 | — | -1,899 |
| CHEVRON CORPORATION(CVX) | 16,000 | 0 | -16,000 | 2,485 | 0 | — | -2,485 |
| ZIEGLER COS INC THE | 48,972 | 0 | -48,972 | 4,065 | 0 | — | -4,065 |
| TENNESSEE VALLEY AUTHORITY(TVC) | 520,000 | 260,000 | -260,000 | 12,267 | 6,373 | 1.87% | -5,894 |
| EMERSON ELEC CO(EMR) | 80,000 | 0 | -80,000 | 10,494 | 0 | — | -10,494 |
| MERCER INTERNATIONAL INC SBI | 16,700,000 | 17,220,000 | +520,000 | 48,096 | 34,096 | 9.98% | -14,000 |
| SELECTIVE INS GROUP INC(SIGI) | 200,000 | 0 | -200,000 | 16,214 | 0 | — | -16,214 |
| GOLDMAN SACHS GROUP INC(GS) | 75,200 | 21,050 | -54,150 | 59,886 | 18,503 | 5.42% | -41,383 |
| RAYMOND JAMES FNCL INC(RJF) | 298,125 | 0 | -298,125 | 51,456 | 0 | — | -51,456 |