GRACE & WHITE INC /NY

NY, NY · CIK 903064 · 13F filing filed 2024-04-25

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

$555.1m reported value -2.6% vs Q4 2023

135positions

37.5%in top 10

2 new 19 added 28 reduced 8 sold out vs Q4 2023

Holdings, Q1 2024

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	APPLIED INDL TECHNOLOGIES IN COM AIT	AIT	154,516	$30.5m5.50%	5.50%	Reduced -4.8k	-4,800 -3.0%
2	UNUM GROUP COM UNM	UNM	503,156	$27.0m4.86%	4.86%	Reduced -17.3k	-17,300 -3.3%
3	NUCOR CORP COM NUE	NUE	108,027	$21.4m3.85%	3.85%	Unchanged
4	SIGNET JEWELERS LIMITED SHS SIG	SIG	195,912	$19.6m3.53%	3.53%	Added +2.8k	+2,800 1.4%
5	Tourmaline Oil Corp COM TRMLF	TRMLF	408,243	$19.1m3.44%	3.44%	Unchanged
6	BROWN FORMAN CORP CL B BF.B	BF.B	367,798	$19.0m3.42%	3.42%	Unchanged
7	EVEREST GROUP LTD COM EG	EG	47,282	$18.8m3.39%	3.39%	Unchanged
8	WATSCO INC COM WSO	WSO	42,625	$18.4m3.32%	3.32%	Unchanged
9	INGREDION INC COM INGR	INGR	148,866	$17.4m3.13%	3.13%	Reduced -575	-575 -0.4%
10	WEST PHARMACEUTICAL SVSC INC COM WST	WST	43,210	$17.1m3.08%	3.08%	Reduced -600	-600 -1.4%
11	ALAMO GROUP INC COM ALG	ALG	68,502	$15.6m2.82%	2.82%	Unchanged
12	FIRST SOLAR INC COM FSLR	FSLR	87,580	$14.8m2.66%	2.66%	Reduced -325	-325 -0.4%
13	GORMAN RUPP CO COM GRC	GRC	345,671	$13.7m2.46%	2.46%	Reduced -2.6k	-2,641 -0.8%
14	STEPAN CO COM SCL	SCL	122,647	$11.0m1.99%	1.99%	Reduced -200	-200 -0.2%
15	MANULIFE FINL CORP COM MFC	MFC	438,005	$10.9m1.97%	1.97%	Reduced -1.1k	-1,100 -0.2%
16	TOPGOLF CALLAWAY BRANDS CORP COM CALY	CALY	663,594	$10.7m1.93%	1.93%	Unchanged
17	AMERICAN WOODMARK CORPORATIO COM AMWD	AMWD	103,795	$10.6m1.90%	1.90%	Unchanged
18	BRIGHTHOUSE FINL INC COM BHF	BHF	200,275	$10.3m1.86%	1.86%	Unchanged
19	CTO RLTY GROWTH INC NEW COM CTO	CTO	601,439	$10.2m1.84%	1.84%	Added +63.2k	+63,187 11.7%
20	AEGON LTD AMER REG 1 CERT AEG	AEG	1,615,329	$9.8m1.76%	1.76%	Reduced -31.6k	-31,570 -1.9%
21	ORION GROUP HLDGS INC COM ORN	ORN	1,153,467	$9.5m1.70%	1.70%	Reduced -205.2k	-205,185 -15.1%
22	WILLIAMS SONOMA INC COM WSM	WSM	28,515	$9.1m1.63%	1.63%	Reduced -11.7k	-11,675 -29.1%
23	UNITED PARCEL SERVICE INC CL B UPS	UPS	53,690	$8.0m1.44%	1.44%	Unchanged
24	KIMCO RLTY CORP COM KIM	KIM	348,478	$6.8m1.23%	1.23%	Added +6.6k	+6,600 1.9%
25	HOLMEN AB-B COM HLMMF	HLMMF	165,992	$6.8m1.22%	1.22%	Unchanged
26	SUMMIT HOTEL PPTYS INC COM INN	INN	1,012,208	$6.6m1.19%	1.19%	Added +101.1k	+101,095 11.1%
27	GRUPO ROTOPLAS SAB DE CV COM COM		3,517,369	$6.4m1.15%	1.15%	Reduced -21	-21 0.0%
28	ASIA FINANCIAL HOLDINGS LTD SH COM 662	662	13,806,666	$6.0m1.07%	1.07%	Unchanged
29	MURPHY OIL CORP COM MUR	MUR	128,752	$5.9m1.06%	1.06%	Added +3.9k	+3,900 3.1%
30	SWATCH GROUP AG NAMEN AKT COM SWGNF	SWGNF	119,656	$5.5m0.99%	0.99%	Added +47.1k	+47,113 64.9%
31	BROWN FORMAN CORP CL A BF.A	BF.A	96,555	$5.1m0.92%	0.92%	Unchanged
32	NUTRIEN LTD COM NTR	NTR	88,400	$4.8m0.86%	0.86%	Added +34.0k	+34,000 62.5%
33	BERKSHIRE HILLS BANCORP INC COM BBT	BBT	199,349	$4.6m0.82%	0.82%	Unchanged
34	PEPSICO INC COM PEP	PEP	25,690	$4.5m0.81%	0.81%	Reduced -399	-399 -1.5%
35	PHOENIX COS INC NEW QUIBS 2032 PREFERRED STOCKS PNX 7.45 01.15.32	PNX 7.45 01.15.32	262,432	$4.5m0.80%	0.80%	Unchanged
36	CAPITAL SOUTHWEST CORP COM CSWC	CSWC	176,597	$4.4m0.79%	0.79%	Unchanged
37	HMN FINL INC COM COM		204,992	$4.3m0.78%	0.78%	Unchanged
38	NOVO-NORDISK A S ADR NVO	NVO	33,000	$4.2m0.76%	0.76%	Unchanged
39	COTERRA ENERGY INC COM CTRA	CTRA	150,032	$4.2m0.75%	0.75%	Unchanged
40	KIMBALL ELECTRONICS INC COM KE	KE	185,377	$4.0m0.72%	0.72%	Added +42.7k	+42,739 30.0%
41	WESTPORT FUEL SYSTEMS INC COM WPRT	WPRT	594,582	$4.0m0.72%	0.72%	Added +69.1k	+69,131 13.2%
42	MICROSOFT CORP COM MSFT	MSFT	9,150	$3.8m0.69%	0.69%	Unchanged
43	BROADWIND INC COM NEW BWEN	BWEN	1,606,590	$3.8m0.69%	0.69%	Unchanged
44	NORTHWEST NAT HLDG CO COM NWN	NWN	99,559	$3.7m0.67%	0.67%	Added +11.3k	+11,300 12.8%
45	TWIN DISC INC COM TWIN	TWIN	212,336	$3.5m0.63%	0.63%	Reduced -2.0k	-2,000 -0.9%
46	ALLIANT ENERGY CORP COM LNT	LNT	68,350	$3.4m0.62%	0.62%	Added +2.4k	+2,352 3.6%
47	HELMERICH & PAYNE INC COM HP	HP	80,636	$3.4m0.61%	0.61%	Unchanged
48	DEVON ENERGY CORP NEW COM DVN	DVN	67,186	$3.4m0.61%	0.61%	Added +10.0k	+10,000 17.5%
49	REGENCY CTRS CORP COM REG	REG	54,131	$3.3m0.59%	0.59%	Unchanged
50	VESTAS WIND SYS AS UNSP ADR COM VWDRY	VWDRY	337,250	$3.1m0.56%	0.56%	Unchanged
51	APPLE INC COM AAPL	AAPL	17,589	$3.0m0.54%	0.54%	Reduced -1.8k	-1,840 -9.5%
52	TITAN INTL INC ILL COM TWI	TWI	239,328	$3.0m0.54%	0.54%	Unchanged
53	GRAHAM CORP COM GHM	GHM	108,229	$3.0m0.53%	0.53%	Reduced -51.6k	-51,625 -32.3%
54	BRASILAGRO COMPANHIA BRASILE SPONSORED ADR LND	LND	588,569	$2.9m0.53%	0.53%	Unchanged
55	ENERPLUS CORP COM ERF	ERF	142,384	$2.8m0.50%	0.50%	Reduced -3.0k	-3,000 -2.1%
56	MS&AD INS GP HLDG (8725-JP) COM MSADF	MSADF	148,161	$2.7m0.48%	0.48%	Added +93.8k	+93,774 172.4%
57	IRISH RESIDENTL PPTYS REIT POR COM RSHPF	RSHPF	2,307,681	$2.6m0.46%	0.46%	Unchanged
58	ASTRONOVA INC COM ALOT	ALOT	142,809	$2.5m0.46%	0.46%	Unchanged
59	APOGEE ENTERPRISES INC COM APOG	APOG	42,000	$2.5m0.45%	0.45%	Unchanged
60	EXCO TECHNOLOGIES LTD COM COM EXCOF	EXCOF	448,550	$2.5m0.44%	0.44%	Unchanged
61	HNI CORP COM HNI	HNI	53,514	$2.4m0.44%	0.44%	Unchanged
62	ORION ENERGY SYS INC COM OESX	OESX	2,648,944	$2.3m0.42%	0.42%	Added +18.1k	+18,115 0.7%
63	FUEL TECH INC COM FTEK	FTEK	1,859,922	$2.3m0.41%	0.41%	Unchanged
64	GENESIS LAND DEV CORP COM COM GNLAF	GNLAF	1,036,506	$2.1m0.38%	0.38%	Unchanged
65	SANDY SPRING BANCORP INC COM SASR	SASR	81,845	$1.9m0.34%	0.34%	Reduced -900	-900 -1.1%
66	CIMC ENRIC HOLDINGS LTD SHS COM CIMEF	CIMEF	1,710,500	$1.7m0.31%	0.31%	Added +552.0k	+552,000 47.6%
67	WESTERN AST INFL LKD OPP & I COM WIW	WIW	191,521	$1.7m0.30%	0.30%	Added +8.0k	+8,024 4.4%
68	ALPHABET INC CAP STK CL A GOOGL	GOOGL	10,450	$1.6m0.28%	0.28%	Unchanged
69	CSW INDUSTRIALS INC COM CSW	CSW	6,603	$1.5m0.28%	0.28%	Unchanged
70	WALMART INC COM WMT	WMT	25,350	$1.5m0.27%	0.27%	Unchanged
71	BERKLEY W R CORP COM WRB	WRB	16,580	$1.5m0.26%	0.26%	Unchanged
72	DAWSON GEOPHYSICAL CO NEW COM DWSN	DWSN	994,495	$1.4m0.25%	0.25%	Added +2.3k	+2,317 0.2%
73	CHUBU NIPPON BROADCAST CO LTSH COM 9402	9402	268,372	$1.3m0.23%	0.23%	Reduced -106.1k	-106,098 -28.3%
74	MCDONALDS CORP COM MCD	MCD	4,500	$1.3m0.23%	0.23%	Reduced -750	-750 -14.3%
75	SENSTAR TECHNOLOGIES CORP COM SNT	SNT	990,962	$1.2m0.22%	0.22%	New
76	BANG & OLUFSEN HLG ORD B COM BGOUF	BGOUF	896,386	$1.2m0.22%	0.22%	Unchanged
77	SUZANO S A SPON ADS SUZ	SUZ	85,474	$1.1m0.20%	0.20%	Unchanged
78	BROADWAY FINL CORP DEL CL A NEW BYFC	BYFC	197,060	$1.1m0.20%	0.20%	Unchanged
79	VIRGINIA NATL BANKSHARES COR COM VABK	VABK	34,279	$1.0m0.19%	0.19%	Unchanged
80	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	7,500	$989.9k0.18%	0.18%	Unchanged
81	MERCK & CO INC COM MRK	MRK	7,267	$958.9k0.17%	0.17%	Reduced -13.0k	-13,000 -64.1%
82	FAIRFAX INDIA HLDGS CORP COM S COM FFXDF	FFXDF	59,560	$889.2k0.16%	0.16%	Unchanged
83	SUMMIT HOTEL PPTYS INC SER E PREFERRED STOCKS INN 6.25 PERP E	INN 6.25 PERP E	40,831	$839.9k0.15%	0.15%	Unchanged
84	GEOSPACE TECHNOLOGIES CORP COM GEOS	GEOS	59,370	$783.1k0.14%	0.14%	Unchanged
85	KEWEENAW LD ASSN LTD COM COM KEWL	KEWL	33,948	$782.5k0.14%	0.14%	Unchanged
86	EXXON MOBIL CORP COM XOM	XOM	6,457	$750.6k0.14%	0.14%	Reduced -20.1k	-20,142 -75.7%
87	RAYONIER ADVANCED MATLS INC COM RYAM	RYAM	147,365	$704.4k0.13%	0.13%	Unchanged
88	CULP INC COM CULP	CULP	146,162	$701.6k0.13%	0.13%	Unchanged
89	KEARNY FINL CORP MD COM KRNY	KRNY	104,526	$673.1k0.12%	0.12%	Unchanged
90	CHS Inc PREFERRED STOCK CHSINC V6.75 PERP 3	CHSINC V6.75 PERP 3	24,229	$608.6k0.11%	0.11%	Unchanged
91	SPINNOVA OYJ COM COM		318,254	$597.8k0.11%	0.11%	Unchanged
92	SUMMIT HOTEL PPTYS INC SER F PREFERRED STOCKS INN 5.875 PERP F	INN 5.875 PERP F	29,889	$584.9k0.11%	0.11%	Unchanged
93	SRH TOTAL RETURN FUND INC COM STEW	STEW	36,560	$550.6k0.10%	0.10%	Unchanged
94	FREQUENCY ELECTRS INC COM FEIM	FEIM	46,044	$501.4k0.09%	0.09%	Unchanged
95	Tokio Marine Holdings Inc ADR TKOMY	TKOMY	15,510	$484.2k0.09%	0.09%	Reduced -90.9k	-90,900 -85.4%
96	AMAZON COM INC COM AMZN	AMZN	2,520	$454.6k0.08%	0.08%	Unchanged
97	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	8,073	$437.8k0.08%	0.08%	Unchanged
98	PATTERSON-UTI ENERGY INC COM PTEN	PTEN	36,400	$434.6k0.08%	0.08%	Added +8.0k	+8,000 28.2%
99	DISNEY WALT CO COM DIS	DIS	3,500	$428.3k0.08%	0.08%	Reduced -1.4k	-1,450 -29.3%
100	MID PENN BANCORP INC COM MPB	MPB	21,103	$422.3k0.08%	0.08%	Unchanged

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
TEXTAINER GROUP HOLDINGS LTD TGH	TGH	261,516	$12.9m261.5k shares
BOEING CO BA	BA	30,750	$8.0m30.8k shares
JOHNSON & JOHNSON JNJ	JNJ	40,800	$6.4m40.8k shares
GENERAL DYNAMICS CORP GD	GD	20,000	$5.2m20.0k shares
SHELL PLC SHEL	SHEL	24,816	$1.6m24.8k shares
SENSTAR TECHNOLOGIES LTD		1,057,251	$1.4m1.1m shares
PFIZER INC PFE	PFE	11,998	$345.4k12.0k shares
QUALCOMM INC QCOM	QCOM	2,250	$325.4k2.2k 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