Grace & White Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 22, 2025), Grace & White Inc. reported 131 stock positions worth $516.4 million. Its top holding was Unum (UNM) at 7.9% of the portfolio, followed by Applied Industrial Tech (AIT, 6.4%) and Watsco (WSO, 3.9%). Compared with Q4 2024, it opened 3 new positions, sold out of 5, added to 26 and reduced 13. The biggest buy was Apogee Enterprises (APOG, shares +155%) and the biggest sale Applied Industrial Tech (AIT, shares −0%).

Most Recent 13F
Q2 2026
Location
NY, NY
CIK
0000903064
Portfolio Value
$516.4M (Q1 2025)
SEC Filing
0000903064-25-000006 ↗ filed Apr 22, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $548.6M Q1 2024 Q2 2024: $525.7M Q2 2024 Q3 2024: $546.8M Q3 2024 Q4 2024: $527.3M Q4 2024 Q1 2025: $516.4M $516.4M Q1 2025 Q2 2025: $538.6M Q2 2025 Q3 2025: $558.2M Q3 2025 Q4 2025: $553.2M Q4 2025 Q1 2026: $558.3M Q1 2026 Q2 2026: $623.9M Q2 2026

Holdings 131 stocks · $516.4M
UNM Unum Group 7.88% 499,356 $40.7M No change
AIT Applied Industrial Tech Inc. 6.43% 147,441 $33.2M Reduce -0.4%
WSO Watsco Inc. 3.85% 39,130 $19.9M Reduce -0.2%
TRMLF Tourmaline Oil Corp. 3.80% 406,343 $19.6M No change
INGR Ingredion Inc. 3.80% 145,001 $19.6M Reduce -0.4%
EG Everest Group Ltd. 3.32% 47,232 $17.2M No change
NUE Nucor Corp. 2.90% 124,239 $15.0M Add +1.6%
BF.B Brown-Forman Corp. Class B 2.87% 436,698 $14.8M No change
SIG Signet Jewelers Ltd. 2.79% 248,312 $14.4M Add +19.8%
MFC Manulife Financial Corp. 2.59% 429,805 $13.4M Reduce -0.2%
GRC Gorman-Rupp Co. 2.36% 347,659 $12.2M Reduce -0.1%
ALG Alamo Group Inc. 2.33% 67,502 $12.0M No change
BHF Brighthouse Financial Inc. 2.19% 194,775 $11.3M Reduce -1.8%
CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW 2.17% 581,671 $11.2M No change
FSLR First Solar Inc. 1.94% 79,275 $10.0M Add +10.6%
AEG Aegon Ltd.-NY Reg SHR 1.91% 1,493,962 $9.8M No change
WST West Pharmaceutical Services 1.79% 41,330 $9.3M No change
WSM Williams-Sonoma Inc. 1.67% 54,530 $8.6M Reduce -0.7%
KIM Kimco Realty Corp. 1.44% 351,162 $7.5M Add +7.7%
SCL Stepan Co. 1.44% 135,013 $7.4M Add +11.4%
AIFIF Asia Financial Hldgs Ltd. 1.34% 13,790,666 $6.9M No change
INN Summit Hotel Properties Inc. 1.25% 1,191,053 $6.4M Add +11.7%
HLMMF Holmen AB-B Shares 1.24% 162,892 $6.4M No change
SWGNF Swatch Group AG/the-Reg 1.23% 185,250 $6.4M Add +2.5%
AMWD American Woodmark Corp. 1.17% 102,645 $6.0M No change
UPS United Parcel Service Class B 1.14% 53,690 $5.9M No change
NTR Nutrien Ltd. 1.05% 109,200 $5.4M No change
ORN Orion Group Holdings Inc. 1.01% 992,797 $5.2M No change
BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC 1.01% 199,010 $5.2M No change
MUR Murphy Oil Corp. 0.98% 178,402 $5.1M Add +18.1%
ALRS Alerus Financial Corp. 0.92% 256,233 $4.7M No change
KE Kimball Electronics Inc. 0.86% 270,877 $4.5M No change
CTRA Coterra Energy Inc. 0.84% 150,032 $4.3M No change
NWN Northwest Natural Holding Co. 0.82% 99,409 $4.2M No change
BF.A Brown-Forman Corp. Class A 0.79% 122,173 $4.1M Add +11.9%
LNT Alliant Energy Corp. 0.77% 61,725 $4.0M Reduce -9.7%
CSWC Capital Southwest Corp. 0.76% 176,597 $3.9M No change
WPRT Westport Fuel Systems Inc. 0.75% 1,043,980 $3.9M No change
CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP 0.74% 581,344 $3.8M No change
DVN Devon Energy Corp. 0.73% 100,236 $3.7M No change
PEP Pepsico Inc. 0.72% 24,740 $3.7M No change
DNIFF Danieli & Co. 0.71% 114,863 $3.7M Add +2.3%
APOG Apogee Enterprises Inc. 0.70% 77,656 $3.6M Add +155.4%
GRUPO ROTOPLAS SAB DE CV 0.66% 5,774,896 $3.4M Add +23.5%
TWI Titan International Inc. 0.64% 391,228 $3.3M No change
LND Brasilagro-Cia Bra - SPN ADR 0.63% 817,057 $3.3M No change
BWEN Broadwind Inc. 0.60% 2,125,587 $3.1M Add +7.3%
MSFT Microsoft Corp. 0.58% 7,975 $3.0M No change
HP Helmerich & Payne 0.57% 113,342 $3.0M Add +40.8%
RSHPF Irish Residential Properties 0.56% 2,835,750 $2.9M No change
AAPL Apple Inc. 0.52% 12,179 $2.7M Reduce -0.8%
CIMEF Cimc Enric Holdings Ltd. 0.51% 3,098,500 $2.6M No change
SNT Senstar Technologies Corp. 0.50% 746,978 $2.6M Reduce -2.8%
MSADF Ms&ad Insurance Group Holdin 0.45% 108,511 $2.3M No change
PTEN Patterson-Uti Energy Inc. 0.45% 279,768 $2.3M No change
AKRBF Aker BP ASA 0.44% 96,736 $2.3M No change
GNLAF Genesis Land Development Co. 0.44% 1,036,506 $2.3M No change
GEOS Geospace Technologies Corp. 0.42% 301,321 $2.2M Add +39.4%
EXCOF Exco Technologies Ltd. 0.41% 520,350 $2.1M Add +16.0%
TWIN Twin Disc Inc. 0.39% 269,247 $2.0M Add +25.7%
NVO Novo-Nordisk A/S-Spons ADR 0.39% 29,000 $2.0M No change
OESX Orion Energy Systems Inc. 0.39% 2,784,586 $2.0M Add +1.4%
FTEK Fuel Tech Inc. 0.39% 1,899,149 $2.0M Add +1.7%
RYZ Ryerson Holding Corp. 0.38% 86,367 $2.0M Add +45.1%
CSW CSW Industrials Inc. 0.37% 6,603 $1.9M No change
WMT Walmart Inc. 0.36% 21,000 $1.8M No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.34% 24,869 $1.8M No change
BGOUF Bang & Olufsen A/S 0.34% 873,736 $1.7M No change
SASR Sandy Spring Bancorp Inc. 0.31% 58,145 $1.6M No change
GOOGL Alphabet Inc. Class A 0.31% 10,350 $1.6M Add +10.7%
REG Regency Centers Corp. 0.31% 21,519 $1.6M Reduce -14.6%
HNI Hni Corp. 0.29% 33,429 $1.5M No change
BYFC Broadway Financial Corp. 0.27% 197,060 $1.4M No change
GHM Graham Corp. 0.26% 47,299 $1.4M Reduce -18.2%
ALOT Astronova Inc. 0.25% 142,809 $1.3M No change
VWDRY Vestas Wind Systems-Unsp ADR 0.25% 283,750 $1.3M No change
UCTT Ultra Clean Holdings Inc. 0.24% 58,700 $1.3M New
VABK Virginia National Bankshares 0.24% 34,279 $1.2M No change
DWSN Dawson Geophysical Co. 0.24% 990,172 $1.2M Add +0.2%
KEWL Keweenaw Land Association LT 0.23% 33,448 $1.2M No change
WIW Western Asst Infl-LNK Opp 0.21% 124,620 $1.1M No change
CBUPF Chubu-Nippon Broadcasting Co. 0.21% 242,172 $1.1M No change
FFXDF Fairfax India Ho-Sub VTG SHS 0.20% 59,560 $1.0M No change
RUFFER INV 0.19% 273,800 $979K No change
ZBH Zimmer Biomet Holdings Inc. 0.16% 7,500 $849K No change
RYAM Rayonier Advanced Materials 0.16% 142,365 $819K No change
XOM Exxon Mobil Corp. 0.15% 6,482 $771K No change
SUZ Suzano SA - Spon ADR 0.15% 81,974 $762K No change
BRK.B Berkshire Hathaway Inc. Class B 0.13% 1,300 $692K Add +30.0%
MRK Merck & Co. Inc. 0.13% 7,267 $652K No change
STEW SRH Total Return Fund Inc. 0.12% 36,560 $631K No change
MCD McDonald's Corp. 0.12% 2,000 $625K No change
FXAIX Fidelity 500 Index Fund 0.12% 3,169 $619K Add +83.2%
CULP Culp Inc. 0.12% 120,918 $605K No change
CHRD Chord Energy Corp. 0.11% 4,948 $558K No change
MPB Mid Penn Bancorp Inc. 0.11% 21,103 $547K No change
VWSYF Vestas Wind Systems A/S 0.10% 37,500 $517K No change
AMZN Amazon.com Inc. 0.09% 2,520 $479K No change
CUSUX Six Circles US Unconstr Eq 0.09% 26,887 $446K No change
AEGON NV SHS 0.08% 62,265 $407K No change

Show all 131 holdings

Other holdings (4): bonds, preferreds, convertibles and warrants · $7.4M (not counted above)
SecurityClassShares / PrincipalValueChange
PHOENIX COMPANIES INC (PNX 7.45 01/15/32) PREFERRED STOCKS 262,432$4.4MNo change
SUMMIT HOTEL PROPERTIES (INN 6.25 PERP E) PREFERRED STOCKS 87,694$1.7MAdd +24.9%
SUMMIT HOTEL PROPERTIES (INN 5.875 PERP F) PREFERRED STOCKS 32,389$628KAdd +8.4%
CHS INC (CHSINC V6.75 PERP 3) PFD 24,229$594KNo change

Total filed on the 13F, all lines: $523.8M.

Portfolio Sells Q4 2024 → Q1 2025
AIT Applied Industrial Tech Inc. Reduce -0.4% 6.43% −0.29
WSM Williams-Sonoma Inc. Reduce -0.7% 1.67% −0.26
GHM Graham Corp. Reduce -18.2% 0.26% −0.22
GRC Gorman-Rupp Co. Reduce -0.1% 2.36% −0.14
AAPL Apple Inc. Reduce -0.8% 0.52% −0.06
REG Regency Centers Corp. Reduce -14.6% 0.31% −0.05
NSGRX Northern Small Cap Core-I Sold out 0.00% −0.04
GOOG Alphabet Inc. Class C Sold out 0.00% −0.04
DUNEDIN ENT Sold out 0.00% −0.03
CRDOX Six Circles Credit Opport Sold out 0.00% −0.02
JZCLF JZ Capital Partners Ltd. Reduce -10.9% 0.04% −0.00
INGR Ingredion Inc. Reduce -0.4% 3.80% −0.00
SNT Senstar Technologies Corp. Reduce -2.8% 0.50% −0.00
SHORE CAPITAL GROUP Sold out 0.00% 0.00
LNT Alliant Energy Corp. Reduce -9.7% 0.77% +0.00
MFC Manulife Financial Corp. Reduce -0.2% 2.59% +0.08
WSO Watsco Inc. Reduce -0.2% 3.85% +0.33
BHF Brighthouse Financial Inc. Reduce -1.8% 2.19% +0.38

Portfolio Buys Q4 2024 → Q1 2025
APOG Apogee Enterprises Inc. Add +155.4% 0.70% +0.28
UCTT Ultra Clean Holdings Inc. New 0.24% +0.24
NUE Nucor Corp. Add +1.6% 2.90% +0.19
DNIFF Danieli & Co. Add +2.3% 0.71% +0.18
RYZ Ryerson Holding Corp. Add +45.1% 0.38% +0.18
MUR Murphy Oil Corp. Add +18.1% 0.98% +0.11
HP Helmerich & Payne Add +40.8% 0.57% +0.08
FXAIX Fidelity 500 Index Fund Add +83.2% 0.12% +0.05
BRK.B Berkshire Hathaway Inc. Class B Add +30.0% 0.13% +0.05
NORTH ATLANTIC SMALLER INV. TR New 0.04% +0.04
EGFIX Edgewood Growth Fund-Inst New 0.04% +0.04
COST Costco Wholesale Corp. Add +33.3% 0.07% +0.02
SWGNF Swatch Group AG/the-Reg Add +2.5% 1.23% +0.02
FTEK Fuel Tech Inc. Add +1.7% 0.39% +0.01
BF.A Brown-Forman Corp. Class A Add +11.9% 0.79% +0.01
GEOS Geospace Technologies Corp. Add +39.4% 0.42% +0.01
HAIN Hain Celestial Group Inc. Add +100.0% 0.02% +0.01
KIM Kimco Realty Corp. Add +7.7% 1.44% −0.00
DWSN Dawson Geophysical Co. Add +0.2% 0.24% −0.02
GRUPO ROTOPLAS SAB DE CV Add +23.5% 0.66% −0.02
GOOGL Alphabet Inc. Class A Add +10.7% 0.31% −0.03
OESX Orion Energy Systems Inc. Add +1.4% 0.39% −0.03
EXCOF Exco Technologies Ltd. Add +16.0% 0.41% −0.03
SCL Stepan Co. Add +11.4% 1.44% −0.05
TWIN Twin Disc Inc. Add +25.7% 0.39% −0.08
BWEN Broadwind Inc. Add +7.3% 0.60% −0.11
INN Summit Hotel Properties Inc. Add +11.7% 1.25% −0.14
SIG Signet Jewelers Ltd. Add +19.8% 2.79% −0.38
FSLR First Solar Inc. Add +10.6% 1.94% −0.46

Notes & Other Activity Q4 2024 → Q1 2025
SUMMIT HOTEL PROPERTIES (INN 6.25 PERP E) PREFERRED STOCKS Add +24.9% 87,694 $1.7M
SUMMIT HOTEL PROPERTIES (INN 5.875 PERP F) PREFERRED STOCKS Add +8.4% 32,389 $628K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 129$623.9MAIT, UNM, GRC, NUE, SIG
Q1 2026 132$558.3MAIT, UNM, NUE, SIG, GRC
Q4 2025 133$553.2MUNM, AIT, NUE, SIG, FSLR
Q3 2025 135$558.2MUNM, AIT, SIG, INGR, FSLR
Q2 2025 133$538.6MUNM, AIT, SIG, INGR, TRMLF
Q1 2025 131$516.4MUNM, AIT, WSO, TRMLF, INGR
Q4 2024 133$527.3MUNM, AIT, INGR, TRMLF, WSO
Q3 2024 128$546.8MAIT, UNM, BF.B, SIG, INGR
Q2 2024 132$525.7MAIT, UNM, WSO, TRMLF, BF.B
Q1 2024 131$548.6MAIT, UNM, NUE, SIG, TRMLF