GRACE & WHITE INC /NY

NY, NY · CIK 903064 · 13F filing filed 2023-07-26

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

$543.7m reported value +4.4% vs Q1 2023

146positions

35.8%in top 10

15 new 28 added 21 reduced 9 sold out vs Q1 2023

Holdings, Q2 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	UNUM GROUP COM UNM	UNM	559,973	$26.7m4.91%	4.91%	Reduced -600	-600 -0.1%
2	BROWN FORMAN CORP CL B BF.B	BF.B	367,798	$24.6m4.52%	4.52%	Unchanged
3	APPLIED INDL TECHNOLOGIES IN COM AIT	AIT	163,466	$23.7m4.35%	4.35%	Unchanged
4	Tourmaline Oil Corp COM TRMLF	TRMLF	417,158	$19.7m3.62%	3.62%	Reduced -1.9k	-1,900 -0.5%
5	NUCOR CORP COM NUE	NUE	108,762	$17.8m3.28%	3.28%	Unchanged
6	WEST PHARMACEUTICAL SVSC INC COM WST	WST	44,340	$17.0m3.12%	3.12%	Reduced -500	-500 -1.1%
7	FIRST SOLAR INC COM FSLR	FSLR	88,180	$16.8m3.08%	3.08%	Reduced -2.6k	-2,600 -2.9%
8	WATSCO INC COM WSO	WSO	42,850	$16.3m3.01%	3.01%	Unchanged
9	EVEREST GROUP LTD COM EG	EG	47,707	$16.3m3.00%	3.00%	Unchanged
10	INGREDION INC COM INGR	INGR	149,741	$15.9m2.92%	2.92%	Reduced -200	-200 -0.1%
11	SIGNET JEWELERS LIMITED SHS SIG	SIG	197,561	$12.9m2.37%	2.37%	Reduced -700	-700 -0.3%
12	ALAMO GROUP INC COM ALG	ALG	69,052	$12.7m2.34%	2.34%	Unchanged
13	TEXTAINER GROUP HOLDINGS LTD SHS TGH	TGH	272,691	$10.7m1.97%	1.97%	Unchanged
14	GORMAN RUPP CO COM GRC	GRC	351,939	$10.1m1.87%	1.87%	Unchanged
15	TOPGOLF CALLAWAY BRANDS CORP COM CALY	CALY	498,644	$9.9m1.82%	1.82%	Added +41.7k	+41,700 9.1%
16	UNITED PARCEL SERVICE INC CL B UPS	UPS	53,690	$9.6m1.77%	1.77%	Unchanged
17	BRIGHTHOUSE FINL INC COM BHF	BHF	201,475	$9.5m1.75%	1.75%	Added +6.0k	+6,000 3.1%
18	CTO RLTY GROWTH INC NEW COM CTO	CTO	515,435	$8.8m1.62%	1.62%	Added +14.3k	+14,267 2.9%
19	AEGON N V NY REGISTRY SHS NY REGISTRY SHS		1,695,733	$8.6m1.58%	1.58%	Reduced -4.8k	-4,785 -0.3%
20	MANULIFE FINL CORP COM MFC	MFC	441,730	$8.4m1.54%	1.54%	Reduced -1.7k	-1,700 -0.4%
21	AMERICAN WOODMARK CORPORATIO COM AMWD	AMWD	107,895	$8.2m1.52%	1.52%	Reduced -3.1k	-3,100 -2.8%
22	STEPAN CO COM SCL	SCL	80,397	$7.7m1.41%	1.41%	Added +2.7k	+2,700 3.5%
23	SUMMIT HOTEL PPTYS INC COM INN	INN	1,125,836	$7.3m1.35%	1.35%	Added +82.3k	+82,300 7.9%
24	JOHNSON & JOHNSON COM JNJ	JNJ	40,800	$6.8m1.24%	1.24%	Unchanged
25	BROWN FORMAN CORP CL A BF.A	BF.A	96,555	$6.6m1.21%	1.21%	Unchanged
26	KIMCO RLTY CORP COM KIM	KIM	331,378	$6.5m1.20%	1.20%	Reduced -1.2k	-1,200 -0.4%
27	BOEING CO COM BA	BA	30,750	$6.5m1.19%	1.19%	Unchanged
28	URSTADT BIDDLE PPTYS INC CL A UBA	UBA	298,068	$6.3m1.17%	1.17%	Reduced -21.6k	-21,609 -6.8%
29	ASIA FINANCIAL HOLDINGS LTD SH COM 662	662	13,849,916	$6.2m1.14%	1.14%	Unchanged
30	HOLMEN AB-B COM HLMMF	HLMMF	165,992	$6.0m1.10%	1.10%	Unchanged
31	ARGO GROUP INTL HLDGS LTD COM AGII	AGII	187,177	$5.5m1.02%	1.02%	Reduced -29.1k	-29,106 -13.5%
32	TRITON INTL LTD CL A TRTN	TRTN	64,272	$5.4m0.98%	0.98%	Reduced -900	-900 -1.4%
33	GRUPO ROTOPLAS SAB DE CV COM COM		3,403,928	$5.1m0.93%	0.93%	New
34	WILLIAMS SONOMA INC COM WSM	WSM	40,190	$5.0m0.92%	0.92%	Unchanged
35	PEPSICO INC COM PEP	PEP	26,489	$4.9m0.90%	0.90%	Unchanged
36	BROADWIND INC COM NEW BWEN	BWEN	1,282,364	$4.9m0.90%	0.90%	Unchanged
37	MURPHY OIL CORP COM MUR	MUR	125,852	$4.8m0.89%	0.89%	Unchanged
38	PHOENIX COS INC NEW QUIBS 2032 PREFERRED STOCKS PREFERRED STOCKS		262,432	$4.7m0.86%	0.86%	New
39	ORION GROUP HLDGS INC COM ORN	ORN	1,551,839	$4.4m0.80%	0.80%	Unchanged
40	GENERAL DYNAMICS CORP COM GD	GD	20,000	$4.3m0.79%	0.79%	Unchanged
41	COTERRA ENERGY INC COM CTRA	CTRA	151,240	$3.8m0.70%	0.70%	Unchanged
42	APPLE INC COM AAPL	AAPL	19,429	$3.8m0.69%	0.69%	Added +4.4k	+4,370 29.0%
43	HMN FINL INC COM COM		193,755	$3.6m0.67%	0.67%	Unchanged
44	ALLIANT ENERGY CORP COM LNT	LNT	69,013	$3.6m0.67%	0.67%	Unchanged
45	CAPITAL SOUTHWEST CORP COM CSWC	CSWC	177,471	$3.5m0.64%	0.64%	Unchanged
46	KIMBALL ELECTRONICS INC COM KE	KE	123,050	$3.4m0.63%	0.63%	Added +2.8k	+2,800 2.3%
47	BERKSHIRE HILLS BANCORP INC COM BBT	BBT	160,149	$3.3m0.61%	0.61%	Reduced -600	-600 -0.4%
48	NUTRIEN LTD COM NTR	NTR	54,400	$3.2m0.59%	0.59%	New
49	MICROSOFT CORP COM MSFT	MSFT	9,150	$3.1m0.57%	0.57%	Unchanged
50	BRASILAGRO COMPANHIA BRASILE SPONSORED ADR LND	LND	588,569	$3.0m0.56%	0.56%	Added +10.0k	+10,000 1.7%
51	VESTAS WIND SYS AS UNSP ADR COM VWDRY	VWDRY	343,500	$3.0m0.56%	0.56%	Unchanged
52	EXXON MOBIL CORP COM XOM	XOM	27,099	$2.9m0.53%	0.53%	Unchanged
53	HELMERICH & PAYNE INC COM HP	HP	80,636	$2.9m0.53%	0.53%	Unchanged
54	TITAN INTL INC ILL COM TWI	TWI	242,822	$2.8m0.51%	0.51%	Added +48.5k	+48,500 25.0%
55	EXCO TECHNOLOGIES LTD COM COM EXCOF	EXCOF	448,550	$2.7m0.50%	0.50%	Reduced -5.0k	-5,000 -1.1%
56	NOVO-NORDISK A S ADR NVO	NVO	16,500	$2.7m0.49%	0.49%	Added +11.0k	+11,000 200.0%
57	WESTPORT FUEL SYSTEMS INC COM WPRT	WPRT	338,677	$2.6m0.48%	0.48%	New
58	TWIN DISC INC COM TWIN	TWIN	223,385	$2.5m0.46%	0.46%	Unchanged
59	GRAHAM CORP COM GHM	GHM	189,062	$2.5m0.46%	0.46%	Added +10.1k	+10,100 5.6%
60	Tokio Marine Holdings Inc ADR TKOMY	TKOMY	108,010	$2.5m0.46%	0.46%	Reduced -5.0k	-5,000 -4.4%
61	SWATCH GROUP AG NAMEN AKT COM SWGNF	SWGNF	44,325	$2.4m0.45%	0.45%	Added +2.9k	+2,900 7.0%
62	MERCK & CO INC COM MRK	MRK	20,267	$2.3m0.43%	0.43%	Unchanged
63	MS&AD INS GP HLDG (8725-JP) COM MSADF	MSADF	65,804	$2.3m0.43%	0.43%	Reduced -21.1k	-21,091 -24.3%
64	FUEL TECH INC COM FTEK	FTEK	1,713,933	$2.3m0.42%	0.42%	Unchanged
65	DEVON ENERGY CORP NEW COM DVN	DVN	46,586	$2.3m0.41%	0.41%	Unchanged
66	HNI CORP COM HNI	HNI	78,164	$2.2m0.41%	0.41%	New
67	ENERPLUS CORP COM ERF	ERF	145,384	$2.1m0.39%	0.39%	Unchanged
68	DAWSON GEOPHYSICAL CO NEW COM DWSN	DWSN	1,027,427	$2.1m0.38%	0.38%	Reduced -26.5k	-26,467 -2.5%
69	ASTRONOVA INC COM ALOT	ALOT	142,809	$2.1m0.38%	0.38%	Unchanged
70	APOGEE ENTERPRISES INC COM APOG	APOG	42,000	$2.0m0.37%	0.37%	Unchanged
71	SANDY SPRING BANCORP INC COM SASR	SASR	82,745	$1.9m0.35%	0.35%	Added +54.5k	+54,500 192.9%
72	IRISH RESIDENTL PPTYS REIT POR COM RSHPF	RSHPF	1,802,608	$1.9m0.34%	0.34%	Added +50.0k	+50,000 2.9%
73	WESTERN AST INFL LKD OPP & I COM WIW	WIW	183,497	$1.6m0.30%	0.30%	Unchanged
74	GENESIS LAND DEV CORP COM COM GNLAF	GNLAF	1,036,506	$1.6m0.29%	0.29%	Unchanged
75	MCDONALDS CORP COM MCD	MCD	5,250	$1.6m0.29%	0.29%	Added +3.5k	+3,500 200.0%
76	BROADWAY FINL CORP DEL COM COM		1,557,942	$1.5m0.28%	0.28%	Unchanged
77	SHELL PLC SPON ADS SHEL	SHEL	24,816	$1.5m0.28%	0.28%	Unchanged
78	CHUBU NIPPON BROADCAST CO LTSH COM 9402	9402	374,470	$1.5m0.27%	0.27%	Unchanged
79	BANG & OLUFSEN HLG ORD B COM BGOUF	BGOUF	896,386	$1.4m0.26%	0.26%	Unchanged
80	ORION ENERGY SYS INC COM OESX	OESX	843,903	$1.4m0.25%	0.25%	Added +4.1k	+4,059 0.5%
81	WALMART INC COM WMT	WMT	8,650	$1.4m0.25%	0.25%	Added +5.0k	+5,000 137.0%
82	SENSTAR TECHNOLOGIES LTD ORD ORD		1,058,836	$1.3m0.24%	0.24%	Added +26.8k	+26,762 2.6%
83	ALPHABET INC CAP STK CL A GOOGL	GOOGL	10,450	$1.3m0.23%	0.23%	Unchanged
84	KEARNY FINL CORP MD COM KRNY	KRNY	172,901	$1.2m0.22%	0.22%	Unchanged
85	CSW INDUSTRIALS INC COM CSW	CSW	6,853	$1.1m0.21%	0.21%	Reduced -1.0k	-1,000 -12.7%
86	VIRGINIA NATL BANKSHARES COR COM VABK	VABK	34,279	$1.1m0.20%	0.20%	Unchanged
87	FREQUENCY ELECTRS INC COM FEIM	FEIM	165,564	$1.1m0.20%	0.20%	Unchanged
88	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	7,500	$1.1m0.20%	0.20%	Added +5.0k	+5,000 200.0%
89	CIMC ENRIC HOLDINGS LTD SHS COM CIMEF	CIMEF	1,158,500	$1.0m0.19%	0.19%	Added +445.0k	+445,000 62.4%
90	URSTADT BIDDLE PPTYS INC COM COM		47,513	$999.7k0.18%	0.18%	Added +2.1k	+2,052 4.5%
91	BERKLEY W R CORP COM WRB	WRB	16,580	$987.5k0.18%	0.18%	Unchanged
92	NORTHWEST NAT HLDG CO COM NWN	NWN	22,014	$947.7k0.17%	0.17%	Added +2.0k	+2,000 10.0%
93	CULP INC COM CULP	CULP	184,531	$917.1k0.17%	0.17%	Reduced -2.2k	-2,200 -1.2%
94	SUZANO S A SPON ADS SUZ	SUZ	93,724	$864.1k0.16%	0.16%	Unchanged
95	SUMMIT HOTEL PPTYS INC SER E PREFERRED STOCKS INN 6.25 PERP E	INN 6.25 PERP E	40,931	$849.3k0.16%	0.16%	Added +11.7k	+11,672 39.9%
96	FAIRFAX INDIA HLDGS CORP COM S COM FFXDF	FFXDF	59,560	$834.4k0.15%	0.15%	Unchanged
97	KEWEENAW LD ASSN LTD COM COM KEWL	KEWL	33,948	$721.4k0.13%	0.13%	Unchanged
98	WESTROCK CO COM WRK	WRK	22,660	$658.7k0.12%	0.12%	Unchanged
99	RAYONIER ADVANCED MATLS INC COM RYAM	RYAM	147,365	$630.7k0.12%	0.12%	Unchanged
100	CHS Inc PREFERRED STOCK CHSINC V6.75 PERP 3	CHSINC V6.75 PERP 3	24,579	$620.6k0.11%	0.11%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
KIMBALL INTL INC KBAL	KBAL	606,036	$7.5m606.0k shares
GRUPO ROTOPLAS SAB DE CV		3,403,928	$5.2m3.4m shares
PHOENIX COS INC NEW QUIBS 2032 PNX 7.45 01.15.32	PNX 7.45 01.15.32	262,432	$4.7m262.4k shares
WESTPORT FUEL SYSTEMS INC		3,226,802	$3.1m3.2m shares
BRUNSWICK BANCORP INC COM		70,152	$1.1m70.2k shares
ARGO GROUP US INC SR NT 42		10,839	$240.3k10.8k shares
DANAHER CORPORATION DHR	DHR	800	$201.6k800 shares
CHINA MOBILE LTD		12,500	$101.3k12.5k shares
NW Biotherapeutics NWBO	NWBO	14,705	$9.2k14.7k 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