GRACE & WHITE INC /NY

NY, NY · CIK 903064 · 13F filing filed 2023-05-01

SEC-registered investment adviser since 1977 · corporation

Assets managed$964.2m
Staff5 · 4 in investment roles
Main clients (by assets)High net worth individuals 95%, Pension plans 3%, Companies 1%
Main officeNew York, NY
Form ADV · 2026-05-08SEC adviser record

Kindwealth
Others nearbyNew York, NY

$520.8m reported value +3.1% vs Q4 2022

140positions

35.8%in top 10

11 new 13 added 27 reduced 2 sold out vs Q4 2022

Holdings, Q1 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BROWN FORMAN CORP CL B BF.B	BF.B	367,798	$23.6m4.54%	4.54%	Unchanged
2	APPLIED INDL TECHNOLOGIES IN COM AIT	AIT	163,466	$23.2m4.46%	4.46%	Reduced -199	-199 -0.1%
3	UNUM GROUP COM UNM	UNM	560,573	$22.2m4.26%	4.26%	Reduced -250	-250 -0.0%
4	FIRST SOLAR INC COM FSLR	FSLR	90,780	$19.7m3.79%	3.79%	Reduced -10.7k	-10,720 -10.6%
5	Tourmaline Oil Corp COM TRMLF	TRMLF	419,058	$17.5m3.35%	3.35%	Added +1.5k	+1,500 0.4%
6	EVEREST GROUP LTD COM EG	EG	47,707	$17.1m3.28%	3.28%	Reduced -1.1k	-1,058 -2.2%
7	NUCOR CORP COM NUE	NUE	108,762	$16.8m3.23%	3.23%	Reduced -100	-100 -0.1%
8	WEST PHARMACEUTICAL SVSC INC COM WST	WST	44,840	$15.5m2.98%	2.98%	Reduced -250	-250 -0.6%
9	SIGNET JEWELERS LIMITED SHS SIG	SIG	198,261	$15.4m2.96%	2.96%	Reduced -250	-250 -0.1%
10	INGREDION INC COM INGR	INGR	149,941	$15.3m2.93%	2.93%	Reduced -6.4k	-6,425 -4.1%
11	WATSCO INC COM WSO	WSO	42,850	$13.6m2.62%	2.62%	Reduced -75	-75 -0.2%
12	ALAMO GROUP INC COM ALG	ALG	69,052	$12.7m2.44%	2.44%	Unchanged
13	UNITED PARCEL SERVICE INC CL B UPS	UPS	53,690	$10.4m2.00%	2.00%	Unchanged
14	TOPGOLF CALLAWAY BRANDS CORP COM CALY	CALY	456,944	$9.9m1.90%	1.90%	Reduced -500	-500 -0.1%
15	GORMAN RUPP CO COM GRC	GRC	351,939	$8.8m1.69%	1.69%	Reduced -267	-267 -0.1%
16	TEXTAINER GROUP HOLDINGS LTD SHS TGH	TGH	272,691	$8.8m1.68%	1.68%	Unchanged
17	CTO RLTY GROWTH INC NEW COM CTO	CTO	501,168	$8.7m1.66%	1.66%	Added +36.2k	+36,200 7.8%
18	BRIGHTHOUSE FINL INC COM BHF	BHF	195,475	$8.6m1.66%	1.66%	Reduced -9.9k	-9,900 -4.8%
19	MANULIFE FINL CORP COM MFC	MFC	443,430	$8.1m1.56%	1.56%	Unchanged
20	STEPAN CO COM SCL	SCL	77,697	$8.0m1.54%	1.54%	Unchanged
21	KIMBALL INTL INC CL B KBAL	KBAL	606,036	$7.5m1.44%	1.44%	Added +26.2k	+26,200 4.5%
22	AEGON N V NY REGISTRY SHS NY REGISTRY SHS		1,700,518	$7.3m1.40%	1.40%	Reduced -89.8k	-89,837 -5.0%
23	SUMMIT HOTEL PPTYS INC COM INN	INN	1,043,536	$7.3m1.40%	1.40%	Added +117.7k	+117,651 12.7%
24	BOEING CO COM BA	BA	30,750	$6.5m1.25%	1.25%	Unchanged
25	KIMCO RLTY CORP COM KIM	KIM	332,578	$6.5m1.25%	1.25%	Reduced -500	-500 -0.1%
26	HOLMEN AB-B COM HLMMF	HLMMF	165,992	$6.4m1.23%	1.23%	Unchanged
27	ARGO GROUP INTL HLDGS LTD COM AGII	AGII	216,283	$6.3m1.22%	1.22%	Reduced -93.2k	-93,223 -30.1%
28	JOHNSON & JOHNSON COM JNJ	JNJ	40,800	$6.3m1.21%	1.21%	Unchanged
29	BROWN FORMAN CORP CL A BF.A	BF.A	96,555	$6.3m1.21%	1.21%	Unchanged
30	ASIA FINANCIAL HOLDINGS LTD SH COM 662	662	13,849,916	$6.1m1.17%	1.17%	Unchanged
31	AMERICAN WOODMARK CORPORATIO COM AMWD	AMWD	110,995	$5.8m1.11%	1.11%	Unchanged
32	URSTADT BIDDLE PPTYS INC CL A UBA	UBA	319,677	$5.6m1.08%	1.08%	Added +1.1k	+1,100 0.3%
33	GRUPO ROTOPLAS SAB DE CV COM COM		3,403,928	$5.2m1.00%	1.00%	New
34	BROADWIND INC COM NEW BWEN	BWEN	1,282,364	$4.9m0.95%	0.95%	Reduced -325.2k	-325,178 -20.2%
35	WILLIAMS SONOMA INC COM WSM	WSM	40,190	$4.9m0.94%	0.94%	Unchanged
36	PEPSICO INC COM PEP	PEP	26,489	$4.8m0.93%	0.93%	Added +400	+400 1.5%
37	PHOENIX COS INC NEW QUIBS 2032 PREFERRED STOCKS PNX 7.45 01.15.32	PNX 7.45 01.15.32	262,432	$4.7m0.90%	0.90%	Unchanged
38	MURPHY OIL CORP COM MUR	MUR	125,852	$4.7m0.89%	0.89%	Unchanged
39	GENERAL DYNAMICS CORP COM GD	GD	20,000	$4.6m0.88%	0.88%	Unchanged
40	TRITON INTL LTD CL A TRTN	TRTN	65,172	$4.1m0.79%	0.79%	Unchanged
41	BERKSHIRE HILLS BANCORP INC COM BBT	BBT	160,749	$4.0m0.77%	0.77%	Reduced -340	-340 -0.2%
42	ORION GROUP HLDGS INC COM ORN	ORN	1,551,839	$4.0m0.77%	0.77%	Unchanged
43	HMN FINL INC COM COM		193,755	$3.7m0.72%	0.72%	Unchanged
44	COTERRA ENERGY INC COM CTRA	CTRA	151,240	$3.7m0.71%	0.71%	Unchanged
45	ALLIANT ENERGY CORP COM LNT	LNT	69,013	$3.7m0.71%	0.71%	Unchanged
46	VESTAS WIND SYS AS UNSP ADR COM VWDRY	VWDRY	343,500	$3.3m0.63%	0.63%	Unchanged
47	CAPITAL SOUTHWEST CORP COM CSWC	CSWC	177,471	$3.2m0.61%	0.61%	Unchanged
48	WESTPORT FUEL SYSTEMS INC COM NEW COM NEW		3,226,802	$3.1m0.59%	0.59%	Unchanged
49	EXXON MOBIL CORP COM XOM	XOM	27,099	$3.0m0.57%	0.57%	Unchanged
50	KIMBALL ELECTRONICS INC COM KE	KE	120,250	$2.9m0.56%	0.56%	Unchanged
51	HELMERICH & PAYNE INC COM HP	HP	80,636	$2.9m0.55%	0.55%	Reduced -150	-150 -0.2%
52	BRASILAGRO COMPANHIA BRASILE SPONSORED ADR LND	LND	578,569	$2.8m0.53%	0.53%	Added +52.3k	+52,328 9.9%
53	MS&AD INS GP HLDG (8725-JP) COM MSADF	MSADF	86,895	$2.7m0.52%	0.52%	Unchanged
54	MICROSOFT CORP COM MSFT	MSFT	9,150	$2.6m0.51%	0.51%	Unchanged
55	SWATCH GROUP AG NAMEN AKT COM SWGNF	SWGNF	41,425	$2.6m0.50%	0.50%	Unchanged
56	EXCO TECHNOLOGIES LTD COM COM EXCOF	EXCOF	453,550	$2.6m0.49%	0.49%	Added +11.5k	+11,500 2.6%
57	APPLE INC COM AAPL	AAPL	15,059	$2.5m0.48%	0.48%	Added +3.0k	+3,000 24.9%
58	DEVON ENERGY CORP NEW COM DVN	DVN	46,586	$2.4m0.45%	0.45%	Unchanged
59	GRAHAM CORP COM GHM	GHM	178,962	$2.3m0.45%	0.45%	Reduced -91.2k	-91,152 -33.8%
60	FUEL TECH INC COM FTEK	FTEK	1,713,933	$2.2m0.42%	0.42%	Unchanged
61	Tokio Marine Holdings Inc ADR TKOMY	TKOMY	113,010	$2.2m0.42%	0.42%	Unchanged
62	MERCK & CO INC COM MRK	MRK	20,267	$2.2m0.41%	0.41%	Unchanged
63	TWIN DISC INC COM TWIN	TWIN	223,385	$2.1m0.41%	0.41%	Unchanged
64	ENERPLUS CORP COM ERF	ERF	145,384	$2.1m0.40%	0.40%	Reduced -600	-600 -0.4%
65	TITAN INTL INC ILL COM TWI	TWI	194,322	$2.0m0.39%	0.39%	Added +55.0k	+55,000 39.5%
66	ASTRONOVA INC COM ALOT	ALOT	142,809	$2.0m0.38%	0.38%	Unchanged
67	APOGEE ENTERPRISES INC COM APOG	APOG	42,000	$1.8m0.35%	0.35%	Unchanged
68	IRISH RESIDENTL PPTYS REIT POR COM RSHPF	RSHPF	1,752,608	$1.8m0.34%	0.34%	Added +250.0k	+250,000 16.6%
69	ORION ENERGY SYS INC COM OESX	OESX	839,844	$1.7m0.33%	0.33%	Unchanged
70	WESTERN AST INFL LKD OPP & I COM WIW	WIW	183,497	$1.7m0.32%	0.32%	Reduced -700	-700 -0.4%
71	GENESIS LAND DEV CORP COM COM GNLAF	GNLAF	1,036,506	$1.7m0.32%	0.32%	Unchanged
72	BROADWAY FINL CORP DEL COM COM		1,557,942	$1.6m0.31%	0.31%	Unchanged
73	DAWSON GEOPHYSICAL CO NEW COM DWSN	DWSN	1,053,894	$1.6m0.31%	0.31%	Unchanged
74	CHUBU NIPPON BROADCAST CO LTSH COM 9402	9402	374,470	$1.5m0.29%	0.29%	Unchanged
75	SHELL PLC SPON ADS SHEL	SHEL	24,816	$1.4m0.27%	0.27%	Unchanged
76	SENSTAR TECHNOLOGIES LTD ORD ORD		1,032,074	$1.4m0.27%	0.27%	Unchanged
77	KEARNY FINL CORP MD COM KRNY	KRNY	172,901	$1.4m0.27%	0.27%	Reduced -408	-408 -0.2%
78	BANG & OLUFSEN HLG ORD B COM BGOUF	BGOUF	896,386	$1.3m0.24%	0.24%	Unchanged
79	VIRGINIA NATL BANKSHARES COR COM VABK	VABK	34,279	$1.2m0.24%	0.24%	Unchanged
80	FREQUENCY ELECTRS INC COM FEIM	FEIM	165,564	$1.1m0.22%	0.22%	Reduced -26.9k	-26,889 -14.0%
81	BRUNSWICK BANCORP INC COM COM COM		70,152	$1.1m0.22%	0.22%	Unchanged
82	CSW INDUSTRIALS INC COM CSW	CSW	7,853	$1.1m0.21%	0.21%	Unchanged
83	VESTAS WIND SYS AS SHS COM 0NMK	0NMK	37,500	$1.1m0.21%	0.21%	Unchanged
84	ALPHABET INC CAP STK CL A GOOGL	GOOGL	10,450	$1.1m0.21%	0.21%	Unchanged
85	BERKLEY W R CORP COM WRB	WRB	16,580	$1.0m0.20%	0.20%	Unchanged
86	CULP INC COM CULP	CULP	186,731	$971.0k0.19%	0.19%	Reduced -22.4k	-22,438 -10.7%
87	NORTHWEST NAT HLDG CO COM NWN	NWN	20,014	$951.9k0.18%	0.18%	Unchanged
88	RAYONIER ADVANCED MATLS INC COM RYAM	RYAM	147,365	$924.0k0.18%	0.18%	Unchanged
89	NOVO-NORDISK A S ADR NVO	NVO	5,500	$875.3k0.17%	0.17%	New
90	FAIRFAX INDIA HLDGS CORP COM S COM FFXDF	FFXDF	59,560	$807.6k0.16%	0.16%	Unchanged
91	SUZANO S A SPON ADS SUZ	SUZ	93,724	$769.5k0.15%	0.15%	Unchanged
92	KEWEENAW LD ASSN LTD COM COM KEWL	KEWL	33,948	$751.9k0.14%	0.14%	Unchanged
93	SANDY SPRING BANCORP INC COM SASR	SASR	28,245	$733.8k0.14%	0.14%	Unchanged
94	URSTADT BIDDLE PPTYS INC COM COM		45,461	$719.6k0.14%	0.14%	Added +4.8k	+4,798 11.8%
95	FIRST REP BK SAN FRANCISCO C COM FRCB	FRCB	50,000	$699.5k0.13%	0.13%	Added +47.5k	+47,500 1900.0%
96	CIMC ENRIC HOLDINGS LTD SHS COM CIMEF	CIMEF	713,500	$690.8k0.13%	0.13%	Unchanged
97	WESTROCK CO COM WRK	WRK	22,660	$690.5k0.13%	0.13%	Unchanged
98	CHS Inc PREFERRED STOCK CHSINC V6.75 PERP 3	CHSINC V6.75 PERP 3	24,579	$614.5k0.12%	0.12%	Unchanged
99	SPINNOVA OYJ COM COM		96,324	$609.3k0.12%	0.12%	Unchanged
100	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	8,073	$559.5k0.11%	0.11%	Unchanged

Sold out since Q4 2022

Security	Ticker	Shares held before	Value then
GRUPO ROTOPLAS SAB DE CV		3,403,929	$5.5m3.4m shares
SOUTH JERSEY INDS INC SJI	SJI	121,200	$4.3m121.2k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
BROADWIND INC BWEN · 13G · filed 2026-01-27	BWEN	8.8%≈ $9.9m	-0.2 pts	13G	2026-01-27
ORION ENERGY SYS INC OESX · 13G · filed 2025-02-05	OESX	8.5%		13G	2025-02-05
WESTPORT FUEL SYSTEMS INC WPRT · 13G · filed 2026-01-27	WPRT	6.7%≈ $2.6m	+0.6 pts	13G	2026-01-27
ORION ENERGY SYS INC OESX · 13G · filed 2026-01-27	OESX	6.3%≈ $2.6m		13G	2026-01-27
GEOSPACE TECHNOLOGIES CORP GEOS · 13G · filed 2026-10-07	GEOS	6.1%≈ $5.4m	new	13G	2026-10-07