Grace & White Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 23, 2025), Grace & White Inc. reported 135 stock positions worth $558.2 million. Its top holding was Unum (UNM) at 6.9% of the portfolio, followed by Applied Industrial Tech (AIT, 6.7%) and Signet Jewelers (SIG, 4.2%). Compared with Q2 2025, it opened 2 new positions, added to 9 and reduced 59. The biggest buy was a new position in Avista (AVA) and the biggest sale Unum (UNM, shares −1%).

Most Recent 13F
Q2 2026
Location
NY, NY
CIK
0000903064
Portfolio Value
$558.2M (Q3 2025)
SEC Filing
0000903064-25-000014 ↗ filed Oct 23, 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 Q1 2025 Q2 2025: $538.6M Q2 2025 Q3 2025: $558.2M $558.2M Q3 2025 Q4 2025: $553.2M Q4 2025 Q1 2026: $558.3M Q1 2026 Q2 2026: $623.9M Q2 2026

Holdings 135 stocks · $558.2M
UNM Unum Group 6.88% 493,731 $38.4M Reduce -0.9%
AIT Applied Industrial Tech Inc. 6.75% 144,323 $37.7M Reduce -2.0%
SIG Signet Jewelers Ltd. 4.22% 245,562 $23.6M Reduce -1.7%
INGR Ingredion Inc. 3.22% 147,251 $18.0M Add +1.1%
FSLR First Solar Inc. 3.21% 81,275 $17.9M Reduce -0.7%
TRMLF Tourmaline Oil Corp. 3.13% 405,343 $17.5M Reduce -0.3%
NUE Nucor Corp. 3.04% 125,439 $17.0M Reduce -0.2%
EG Everest Group Ltd. 2.96% 47,232 $16.5M No change
WSO Watsco Inc. 2.82% 38,983 $15.8M Reduce -0.3%
GRC Gorman-Rupp Co. 2.82% 339,591 $15.8M Reduce -2.8%
MFC Manulife Financial Corp. 2.39% 428,655 $13.4M Reduce -1.2%
ALG Alamo Group Inc. 2.30% 67,152 $12.8M Reduce -0.5%
WST West Pharmaceutical Services 2.15% 45,730 $12.0M No change
BF.B Brown-Forman Corp. Class B 2.11% 435,798 $11.8M Reduce -0.2%
WSM Williams-Sonoma Inc. 1.94% 55,430 $10.8M Reduce -0.3%
BHF Brighthouse Financial Inc. 1.84% 193,875 $10.3M Reduce -0.4%
CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW 1.80% 615,667 $10.0M Add +4.5%
AEG Aegon Ltd.-NY Reg SHR 1.65% 1,153,123 $9.2M Reduce -7.6%
KIM Kimco Realty Corp. 1.56% 397,562 $8.7M Add +3.3%
ORN Orion Group Holdings Inc. 1.49% 998,342 $8.3M Reduce -0.9%
KE Kimball Electronics Inc. 1.42% 266,222 $7.9M Reduce -3.4%
AIFIF Asia Financial Hldgs Ltd. 1.34% 13,717,666 $7.5M Reduce -0.4%
SWGNF Swatch Group AG/the-Reg 1.27% 184,750 $7.1M Reduce -0.3%
SCL Stepan Co. 1.21% 141,913 $6.8M Reduce -1.0%
INN Summit Hotel Properties Inc. 1.21% 1,228,748 $6.7M Reduce -0.7%
HLMMF Holmen AB-B Shares 1.16% 170,592 $6.5M Add +4.7%
NTR Nutrien Ltd. 1.14% 108,600 $6.4M Reduce -0.6%
GEOS Geospace Technologies Corp. 1.07% 314,546 $6.0M Reduce -4.8%
DNIFF Danieli & Co. 1.05% 114,863 $5.9M No change
ALRS Alerus Financial Corp. 1.02% 256,233 $5.7M No change
CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP 0.89% 523,294 $5.0M Reduce -9.3%
BBT Beacon Financial Corp. 0.83% 194,617 $4.6M Reduce -2.2%
UPS United Parcel Service Class B 0.80% 53,690 $4.5M No change
FTEK Fuel Tech Inc. 0.80% 1,491,683 $4.5M Reduce -8.7%
BWEN Broadwind Inc. 0.80% 2,122,587 $4.5M Reduce -0.1%
NWN Northwest Natural Holding Co. 0.79% 98,659 $4.4M Reduce -1.9%
AMWD American Woodmark Corp. 0.79% 66,232 $4.4M Reduce -34.7%
GRUPO ROTOPLAS SAB DE CV 0.76% 5,651,279 $4.2M Reduce -1.1%
MSFT Microsoft Corp. 0.74% 7,975 $4.1M No change
MUR Murphy Oil Corp. 0.73% 143,702 $4.1M Reduce -20.4%
APOG Apogee Enterprises Inc. 0.72% 92,806 $4.0M Reduce -0.9%
TWIN Twin Disc Inc. 0.69% 274,758 $3.8M Reduce -3.4%
CSWC Capital Southwest Corp. 0.66% 167,897 $3.7M Reduce -3.8%
CIMEF Cimc Enric Holdings Ltd. 0.64% 3,446,500 $3.6M Reduce -0.8%
LNT Alliant Energy Corp. 0.63% 52,262 $3.5M Reduce -13.5%
CTRA Coterra Energy Inc. 0.62% 146,117 $3.5M Reduce -2.6%
SNT Senstar Technologies Corp. 0.60% 666,114 $3.3M Reduce -2.6%
PEP Pepsico Inc. 0.59% 23,497 $3.3M Reduce -5.0%
DVN Devon Energy Corp. 0.59% 93,636 $3.3M Reduce -6.6%
RSHPF Irish Residential Properties 0.58% 2,835,750 $3.3M No change
BF.A Brown-Forman Corp. Class A 0.58% 120,673 $3.2M Reduce -1.2%
LND Brasilagro-Cia Bra - SPN ADR 0.56% 804,057 $3.1M Reduce -1.6%
UCTT Ultra Clean Holdings Inc. 0.56% 114,450 $3.1M No change
AAPL Apple Inc. 0.56% 12,179 $3.1M No change
HP Helmerich & Payne 0.52% 132,292 $2.9M Reduce -5.3%
TWI Titan International Inc. 0.52% 385,728 $2.9M Reduce -1.4%
GNLAF Genesis Land Development Co. 0.51% 1,051,073 $2.9M Reduce -0.5%
EXCOF Exco Technologies Ltd. 0.47% 540,350 $2.6M No change
OESX Orion Energy Systems Inc. 0.46% 294,571 $2.6M Add +2.1%
GOOGL Alphabet Inc. Class A 0.45% 10,350 $2.5M No change
MSADF Ms&ad Insurance Group Holdin 0.44% 108,511 $2.5M No change
WPRT Westport Fuel Systems Inc. 0.43% 1,045,300 $2.4M Add +0.1%
AKRBF Aker BP ASA 0.42% 92,136 $2.3M No change
WMT Walmart Inc. 0.39% 21,000 $2.2M No change
RYZ Ryerson Holding Corp. 0.34% 83,967 $1.9M Reduce -2.8%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.34% 24,869 $1.9M No change
AVA Avista Corp. 0.34% 50,100 $1.9M New
AUB Atlantic Union Bankshares Co. 0.33% 52,326 $1.8M No change
VWDRY Vestas Wind Systems-Unsp ADR 0.32% 283,750 $1.8M No change
GHM Graham Corp. 0.30% 30,439 $1.7M Reduce -35.6%
BGOUF Bang & Olufsen A/S 0.29% 808,280 $1.6M Reduce -7.5%
NVO Novo-Nordisk A/S-Spons ADR 0.29% 29,000 $1.6M No change
DWSN Dawson Geophysical Co. 0.29% 909,879 $1.6M Add +5.0%
REG Regency Centers Corp. 0.28% 21,519 $1.6M No change
HNI Hni Corp. 0.27% 31,856 $1.5M Reduce -1.5%
CSW CSW Industrials Inc. 0.26% 6,080 $1.5M Reduce -7.9%
ALOT Astronova Inc. 0.26% 142,109 $1.5M Reduce -0.5%
PTEN Patterson-Uti Energy Inc. 0.26% 279,768 $1.4M No change
BYFC Broadway Financial Corp. 0.24% 188,310 $1.3M No change
VABK Virginia National Bankshares 0.24% 34,279 $1.3M No change
KEWL Keweenaw Land Association LT 0.22% 32,748 $1.2M Reduce -2.1%
CBUPF Chubu-Nippon Broadcasting Co. 0.21% 205,672 $1.2M Reduce -2.3%
WIW Western Asst Infl-LNK Opp 0.19% 122,369 $1.1M Reduce -1.8%
RUFFER INV 0.19% 273,800 $1.1M No change
RYAM Rayonier Advanced Materials 0.18% 142,365 $1.0M No change
FFXDF Fairfax India Ho-Sub VTG SHS 0.16% 52,860 $912K Reduce -11.3%
SUZ Suzano SA - Spon ADR 0.13% 79,774 $750K Reduce -2.7%
MPB Mid Penn Bancorp Inc. 0.13% 25,945 $743K Add +22.9%
ZBH Zimmer Biomet Holdings Inc. 0.13% 7,500 $739K No change
FXAIX Fidelity 500 Index Fund 0.13% 3,169 $738K No change
XOM Exxon Mobil Corp. 0.13% 6,482 $731K No change
STEW SRH Total Return Fund Inc. 0.12% 36,560 $664K No change
BRK.B Berkshire Hathaway Inc. Class B 0.12% 1,300 $654K No change
MRK Merck & Co. Inc. 0.11% 7,267 $610K No change
MCD McDonald's Corp. 0.11% 2,000 $608K No change
AMZN Amazon.com Inc. 0.10% 2,520 $553K No change
CULP Culp Inc. 0.10% 120,918 $539K No change
CUSUX Six Circles US Unconstr Eq 0.10% 26,887 $538K No change
CHRD Chord Energy Corp. 0.09% 4,948 $492K No change
CHINA MOBILE LTD 0.07% 37,500 $407K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 3,500 $401K No change
XWIAX Western Asset Infl-Link Sec 0.07% 46,694 $393K No change
KRNY Kearny Financial Corp. 0.07% 58,317 $383K No change
COST Costco Wholesale Corp. 0.07% 400 $370K No change
CSCO Cisco Systems Inc. 0.06% 5,140 $352K No change
BRRE Blue Ridge Real Estate Co. 0.06% 38,976 $331K Add +1.6%
THG Hanover Insurance Group Inc./ 0.06% 1,775 $322K No change
CIBEY Commercial Intl Bank-ADR 0.06% 151,112 $319K No change
ES Eversource Energy 0.06% 4,418 $314K No change
TKOMY Tokio Marine Holdings-ADR 0.05% 7,009 $298K Reduce -0.0%
IIIN Insteel Industries Inc. 0.05% 7,500 $288K Reduce -28.6%
BMY Bristol-Myers Squibb Co. 0.05% 6,293 $284K No change
SWKH SWK Holdings Corp. filed as SWK HLDGS CORP 0.05% 18,721 $272K No change
COP Conocophillips 0.05% 2,730 $258K No change
GOOG Alphabet Inc. Class C 0.05% 1,060 $258K New
EGFIX Edgewood Growth Fund-Inst 0.04% 5,138 $240K No change
FXNC First National Corp. 0.04% 10,478 $238K No change
CIUEX Six Circles Intl Uncon Eq 0.04% 17,403 $235K No change
NSGRX Northern Small Cap Core-I 0.04% 8,354 $229K No change
CBTAX Six Circles Tax Aware BND 0.04% 22,979 $224K No change
SPINNOVA OYJ 0.04% 298,770 $217K Reduce -8.0%
NORTH ATLANTIC SMALLER INV. TR 0.04% 40,700 $207K Reduce -19.4%
JZCLF JZ Capital Partners Ltd. 0.04% 77,736 $203K No change
XBNYX BlackRock New York Muni Inc. 0.03% 16,500 $167K No change
VWIUX Vanguard I/T Tax Exmpt-Adm 0.03% 11,910 $163K No change
RBKB Rhinebeck Bancorp Inc. 0.03% 12,664 $144K No change
FFXXF Helios Fairfax Partners Corp. 0.01% 34,300 $69K No change
HAIN Hain Celestial Group Inc. 0.01% 38,000 $60K No change
TBLA Taboola.com Ltd. 0.01% 13,348 $46K No change
LUB Luby's Inc. filed as LUBYS CAFETERIAS INC COM 0.00% 106,401 $20K No change
GSFVF Gasfrac Energy Services Inc. 0.00% 31,000 $0 No change
KIDBQ Kid Brands Inc. 0.00% 23,000 $0 No change
TUEMQ Tuesday Morning Corp. 0.00% 16,188 $0 No change
VWSYF Vestas Wind Systems A/S 0.00% 37,500 $0 No change
AEGON NV SHS 0.00% 62,265 $0 No change
Other holdings (4): bonds, preferreds, convertibles and warrants · $8.4M (not counted above)
SecurityClassShares / PrincipalValueChange
PHOENIX COMPANIES INC (PNX 7.45 01/15/32) PREFERRED STOCKS 262,432$5.3MNo change
SUMMIT HOTEL PROPERTIES (INN 6.25 PERP E) PREFERRED STOCKS 95,840$1.9MReduce -1.7%
SUMMIT HOTEL PROPERTIES (INN 5.875 PERP F) PREFERRED STOCKS 32,389$623KNo change
CHS INC (CHSINC V6.75 PERP 3) PFD 24,229$600KNo change

Total filed on the 13F, all lines: $566.7M.

Portfolio Sells Q2 2025 → Q3 2025
UNM Unum Group Reduce -0.9% 6.88% −0.59
TRMLF Tourmaline Oil Corp. Reduce -0.3% 3.13% −0.51
ALG Alamo Group Inc. Reduce -0.5% 2.30% −0.44
WSO Watsco Inc. Reduce -0.3% 2.82% −0.38
SCL Stepan Co. Reduce -1.0% 1.21% −0.24
TWI Titan International Inc. Reduce -1.4% 0.52% −0.22
AMWD American Woodmark Corp. Reduce -34.7% 0.79% −0.21
ORN Orion Group Holdings Inc. Reduce -0.9% 1.49% −0.21
MFC Manulife Financial Corp. Reduce -1.2% 2.39% −0.18
GHM Graham Corp. Reduce -35.6% 0.30% −0.14
BHF Brighthouse Financial Inc. Reduce -0.4% 1.84% −0.10
BBT Beacon Financial Corp. Reduce -2.2% 0.83% −0.10
CTRA Coterra Energy Inc. Reduce -2.6% 0.62% −0.09
CSW CSW Industrials Inc. Reduce -7.9% 0.26% −0.09
BF.B Brown-Forman Corp. Class B Reduce -0.2% 2.11% −0.07
CSWC Capital Southwest Corp. Reduce -3.8% 0.66% −0.06
BGOUF Bang & Olufsen A/S Reduce -7.5% 0.29% −0.05
LNT Alliant Energy Corp. Reduce -13.5% 0.63% −0.05
ALOT Astronova Inc. Reduce -0.5% 0.26% −0.05
FFXDF Fairfax India Ho-Sub VTG SHS Reduce -11.3% 0.16% −0.04
BF.A Brown-Forman Corp. Class A Reduce -1.2% 0.58% −0.04
NTR Nutrien Ltd. Reduce -0.6% 1.14% −0.04
GRUPO ROTOPLAS SAB DE CV Reduce -1.1% 0.76% −0.03
HNI Hni Corp. Reduce -1.5% 0.27% −0.03
AEG Aegon Ltd.-NY Reg SHR Reduce -7.6% 1.65% −0.03
MUR Murphy Oil Corp. Reduce -20.4% 0.73% −0.02
LND Brasilagro-Cia Bra - SPN ADR Reduce -1.6% 0.56% −0.02
IIIN Insteel Industries Inc. Reduce -28.6% 0.05% −0.02
PEP Pepsico Inc. Reduce -5.0% 0.59% −0.02
NORTH ATLANTIC SMALLER INV. TR Reduce -19.4% 0.04% −0.01
SUZ Suzano SA - Spon ADR Reduce -2.7% 0.13% −0.01
WIW Western Asst Infl-LNK Opp Reduce -1.8% 0.19% −0.01
SNT Senstar Technologies Corp. Reduce -2.6% 0.60% −0.00
DVN Devon Energy Corp. Reduce -6.6% 0.59% −0.00
RYZ Ryerson Holding Corp. Reduce -2.8% 0.34% −0.00
TKOMY Tokio Marine Holdings-ADR Reduce -0.0% 0.05% −0.00
SPINNOVA OYJ Reduce -8.0% 0.04% +0.00
APOG Apogee Enterprises Inc. Reduce -0.9% 0.72% +0.02
CBUPF Chubu-Nippon Broadcasting Co. Reduce -2.3% 0.21% +0.02
NUE Nucor Corp. Reduce -0.2% 3.04% +0.02
AIFIF Asia Financial Hldgs Ltd. Reduce -0.4% 1.34% +0.02
CALY Callaway Golf Company Reduce -9.3% 0.89% +0.03
KEWL Keweenaw Land Association LT Reduce -2.1% 0.22% +0.03
FTEK Fuel Tech Inc. Reduce -8.7% 0.80% +0.04
INN Summit Hotel Properties Inc. Reduce -0.7% 1.21% +0.04
NWN Northwest Natural Holding Co. Reduce -1.9% 0.79% +0.05
GNLAF Genesis Land Development Co. Reduce -0.5% 0.51% +0.06
BWEN Broadwind Inc. Reduce -0.1% 0.80% +0.08
CIMEF Cimc Enric Holdings Ltd. Reduce -0.8% 0.64% +0.10
SWGNF Swatch Group AG/the-Reg Reduce -0.3% 1.27% +0.11

Portfolio Buys Q2 2025 → Q3 2025
AVA Avista Corp. New 0.34% +0.34
OESX Orion Energy Systems Inc. Add +2.1% 0.46% +0.14
KIM Kimco Realty Corp. Add +3.3% 1.56% +0.05
DWSN Dawson Geophysical Co. Add +5.0% 0.29% +0.05
GOOG Alphabet Inc. Class C New 0.05% +0.05
MPB Mid Penn Bancorp Inc. Add +22.9% 0.13% +0.02
BRRE Blue Ridge Real Estate Co. Add +1.6% 0.06% +0.01
HLMMF Holmen AB-B Shares Add +4.7% 1.16% −0.03
CTO Cto Realty Growth Inc. Add +4.5% 1.80% −0.09
WPRT Westport Fuel Systems Inc. Add +0.1% 0.43% −0.18
INGR Ingredion Inc. Add +1.1% 3.22% −0.45

Notes & Other Activity Q2 2025 → Q3 2025
SUMMIT HOTEL PROPERTIES (INN 6.25 PERP E) PREFERRED STOCKS Reduce -1.7% 95,840 $1.9M

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