GRACE & WHITE INC /NY

NY, NY · CIK 903064 · 13F filing filed 2024-07-22

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

$532.5m reported value -4.1% vs Q1 2024

136positions

37.2%in top 10

3 new 16 added 29 reduced 2 sold out vs Q1 2024

Holdings, Q2 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	154,316	$29.9m5.62%	5.62%	Reduced -200	-200 -0.1%
2	UNUM GROUP COM UNM	UNM	502,806	$25.7m4.83%	4.83%	Reduced -350	-350 -0.1%
3	WATSCO INC COM WSO	WSO	42,550	$19.7m3.70%	3.70%	Reduced -75	-75 -0.2%
4	Tourmaline Oil Corp COM TRMLF	TRMLF	407,243	$18.5m3.47%	3.47%	Reduced -1.0k	-1,000 -0.2%
5	BROWN FORMAN CORP CL B BF.B	BF.B	423,323	$18.3m3.43%	3.43%	Added +55.5k	+55,525 15.1%
6	EVEREST GROUP LTD COM EG	EG	47,232	$18.0m3.38%	3.38%	Reduced -50	-50 -0.1%
7	SIGNET JEWELERS LIMITED SHS SIG	SIG	195,862	$17.5m3.30%	3.30%	Reduced -50	-50 -0.0%
8	INGREDION INC COM INGR	INGR	148,491	$17.0m3.20%	3.20%	Reduced -375	-375 -0.2%
9	NUCOR CORP COM NUE	NUE	107,227	$17.0m3.18%	3.18%	Reduced -800	-800 -0.7%
10	FIRST SOLAR INC COM FSLR	FSLR	72,430	$16.3m3.07%	3.07%	Reduced -15.2k	-15,150 -17.3%
11	WEST PHARMACEUTICAL SVSC INC COM WST	WST	43,210	$14.2m2.67%	2.67%	Unchanged
12	GORMAN RUPP CO COM GRC	GRC	350,704	$12.9m2.42%	2.42%	Added +5.0k	+5,033 1.5%
13	ALAMO GROUP INC COM ALG	ALG	68,502	$11.9m2.23%	2.23%	Unchanged
14	MANULIFE FINL CORP COM MFC	MFC	436,005	$11.6m2.18%	2.18%	Reduced -2.0k	-2,000 -0.5%
15	CTO RLTY GROWTH INC NEW COM CTO	CTO	604,041	$10.5m1.98%	1.98%	Added +2.6k	+2,602 0.4%
16	STEPAN CO COM SCL	SCL	122,647	$10.3m1.93%	1.93%	Unchanged
17	TOPGOLF CALLAWAY BRANDS CORP COM CALY	CALY	663,094	$10.1m1.91%	1.91%	Reduced -500	-500 -0.1%
18	ORION GROUP HLDGS INC COM ORN	ORN	1,020,232	$9.7m1.82%	1.82%	Reduced -133.2k	-133,235 -11.6%
19	AEGON LTD AMER REG 1 CERT AEG	AEG	1,534,005	$9.4m1.77%	1.77%	Reduced -81.3k	-81,324 -5.0%
20	BRIGHTHOUSE FINL INC COM BHF	BHF	200,275	$8.7m1.63%	1.63%	Unchanged
21	AMERICAN WOODMARK CORPORATIO COM AMWD	AMWD	103,795	$8.2m1.53%	1.53%	Unchanged
22	WILLIAMS SONOMA INC COM WSM	WSM	57,030	$8.1m1.51%	1.51%	Added +28.5k	+28,515 100.0%
23	UNITED PARCEL SERVICE INC CL B UPS	UPS	53,690	$7.3m1.38%	1.38%	Unchanged
24	KIMCO RLTY CORP COM KIM	KIM	347,978	$6.8m1.27%	1.27%	Reduced -500	-500 -0.1%
25	SUMMIT HOTEL PPTYS INC COM INN	INN	1,098,933	$6.6m1.24%	1.24%	Added +86.7k	+86,725 8.6%
26	HOLMEN AB-B COM HLMMF	HLMMF	165,292	$6.5m1.22%	1.22%	Reduced -700	-700 -0.4%
27	ASIA FINANCIAL HOLDINGS LTD SH COM 662	662	13,806,666	$6.5m1.21%	1.21%	Unchanged
28	SWATCH GROUP AG NAMEN AKT COM SWGNF	SWGNF	139,556	$5.7m1.07%	1.07%	Added +19.9k	+19,900 16.6%
29	BROADWIND INC COM NEW BWEN	BWEN	1,616,590	$5.3m1.00%	1.00%	Added +10.0k	+10,000 0.6%
30	MURPHY OIL CORP COM MUR	MUR	127,752	$5.3m0.99%	0.99%	Reduced -1.0k	-1,000 -0.8%
31	GRUPO ROTOPLAS SAB DE CV COM COM		3,517,372	$5.3m0.99%	0.99%	Added +3	+3 0.0%
32	HMN FINL INC COM COM		204,992	$4.7m0.88%	0.88%	Unchanged
33	PHOENIX COS INC NEW QUIBS 2032 PREFERRED STOCKS PNX 7.45 01.15.32	PNX 7.45 01.15.32	262,432	$4.7m0.87%	0.87%	Unchanged
34	CAPITAL SOUTHWEST CORP COM CSWC	CSWC	176,597	$4.6m0.87%	0.87%	Unchanged
35	BERKSHIRE HILLS BANCORP INC COM BBT	BBT	199,010	$4.5m0.85%	0.85%	Reduced -339	-339 -0.2%
36	NUTRIEN LTD COM NTR	NTR	88,400	$4.5m0.85%	0.85%	Unchanged
37	BROWN FORMAN CORP CL A BF.A	BF.A	96,555	$4.3m0.80%	0.80%	Unchanged
38	PEPSICO INC COM PEP	PEP	25,390	$4.2m0.79%	0.79%	Reduced -300	-300 -1.2%
39	NOVO-NORDISK A S ADR NVO	NVO	29,000	$4.1m0.78%	0.78%	Reduced -4.0k	-4,000 -12.1%
40	MICROSOFT CORP COM MSFT	MSFT	9,150	$4.1m0.77%	0.77%	Unchanged
41	KIMBALL ELECTRONICS INC COM KE	KE	185,377	$4.1m0.77%	0.77%	Unchanged
42	COTERRA ENERGY INC COM CTRA	CTRA	150,032	$4.0m0.75%	0.75%	Unchanged
43	APPLE INC COM AAPL	AAPL	17,589	$3.7m0.70%	0.70%	Unchanged
44	NORTHWEST NAT HLDG CO COM NWN	NWN	100,409	$3.6m0.68%	0.68%	Added +850	+850 0.8%
45	WESTPORT FUEL SYSTEMS INC COM WPRT	WPRT	625,322	$3.5m0.65%	0.65%	Added +30.7k	+30,740 5.2%
46	ALLIANT ENERGY CORP COM LNT	LNT	68,350	$3.5m0.65%	0.65%	Unchanged
47	REGENCY CTRS CORP COM REG	REG	54,131	$3.4m0.63%	0.63%	Unchanged
48	DEVON ENERGY CORP NEW COM DVN	DVN	67,186	$3.2m0.60%	0.60%	Unchanged
49	TITAN INTL INC ILL COM TWI	TWI	403,828	$3.0m0.56%	0.56%	Added +164.5k	+164,500 68.7%
50	ORION ENERGY SYS INC COM OESX	OESX	2,661,955	$3.0m0.55%	0.55%	Added +13.0k	+13,011 0.5%
51	HELMERICH & PAYNE INC COM HP	HP	80,486	$2.9m0.55%	0.55%	Reduced -150	-150 -0.2%
52	MS&AD INS GP HLDG (8725-JP) COM MSADF	MSADF	123,161	$2.7m0.51%	0.51%	Reduced -25.0k	-25,000 -16.9%
53	BRASILAGRO COMPANHIA BRASILE SPONSORED ADR LND	LND	588,569	$2.7m0.51%	0.51%	Unchanged
54	EXCO TECHNOLOGIES LTD COM COM EXCOF	EXCOF	448,550	$2.6m0.49%	0.49%	Unchanged
55	VESTAS WIND SYS AS UNSP ADR COM VWDRY	VWDRY	337,250	$2.6m0.49%	0.49%	Unchanged
56	TWIN DISC INC COM TWIN	TWIN	214,136	$2.5m0.47%	0.47%	Added +1.8k	+1,800 0.8%
57	GENESIS LAND DEV CORP COM COM GNLAF	GNLAF	1,036,506	$2.5m0.47%	0.47%	Unchanged
58	APOGEE ENTERPRISES INC COM APOG	APOG	39,500	$2.5m0.47%	0.47%	Reduced -2.5k	-2,500 -6.0%
59	HNI CORP COM HNI	HNI	53,514	$2.4m0.45%	0.45%	Unchanged
60	CHORD ENERGY CORPORATION COM NEW CHRD	CHRD	14,347	$2.4m0.45%	0.45%	New
61	GRAHAM CORP COM GHM	GHM	83,029	$2.3m0.44%	0.44%	Reduced -25.2k	-25,200 -23.3%
62	IRISH RESIDENTL PPTYS REIT POR COM RSHPF	RSHPF	2,307,681	$2.2m0.42%	0.42%	Unchanged
63	ASTRONOVA INC COM ALOT	ALOT	142,809	$2.2m0.41%	0.41%	Unchanged
64	SANDY SPRING BANCORP INC COM SASR	SASR	81,845	$2.0m0.37%	0.37%	Unchanged
65	FUEL TECH INC COM FTEK	FTEK	1,859,922	$2.0m0.37%	0.37%	Unchanged
66	DAWSON GEOPHYSICAL CO NEW COM DWSN	DWSN	979,390	$1.9m0.36%	0.36%	Reduced -15.1k	-15,105 -1.5%
67	ALPHABET INC CAP STK CL A GOOGL	GOOGL	10,450	$1.9m0.36%	0.36%	Unchanged
68	CSW INDUSTRIALS INC COM CSW	CSW	6,603	$1.8m0.33%	0.33%	Unchanged
69	SENSTAR TECHNOLOGIES CORP COM SNT	SNT	962,083	$1.7m0.33%	0.33%	Reduced -28.9k	-28,879 -2.9%
70	CIMC ENRIC HOLDINGS LTD SHS COM CIMEF	CIMEF	1,710,500	$1.7m0.32%	0.32%	Unchanged
71	WALMART INC COM WMT	WMT	25,350	$1.7m0.32%	0.32%	Unchanged
72	GEOSPACE TECHNOLOGIES CORP COM GEOS	GEOS	187,344	$1.7m0.32%	0.32%	Added +128.0k	+127,974 215.6%
73	WESTERN AST INFL LKD OPP & I COM WIW	WIW	189,321	$1.6m0.30%	0.30%	Reduced -2.2k	-2,200 -1.1%
74	BERKLEY W R CORP COM WRB	WRB	24,870	$1.3m0.24%	0.24%	Added +8.3k	+8,290 50.0%
75	BANG & OLUFSEN HLG ORD B COM BGOUF	BGOUF	896,386	$1.2m0.22%	0.22%	Unchanged
76	MCDONALDS CORP COM MCD	MCD	4,500	$1.1m0.22%	0.22%	Unchanged
77	VIRGINIA NATL BANKSHARES COR COM VABK	VABK	34,279	$1.1m0.21%	0.21%	Unchanged
78	CHUBU NIPPON BROADCAST CO LTSH COM 9402	9402	256,172	$1.1m0.21%	0.21%	Reduced -12.2k	-12,200 -4.5%
79	KEWEENAW LD ASSN LTD COM COM KEWL	KEWL	33,948	$1.0m0.19%	0.19%	Unchanged
80	BROADWAY FINL CORP DEL CL A NEW BYFC	BYFC	197,060	$1.0m0.19%	0.19%	Unchanged
81	MERCK & CO INC COM MRK	MRK	7,267	$899.7k0.17%	0.17%	Unchanged
82	SUZANO S A SPON ADS SUZ	SUZ	85,474	$877.8k0.16%	0.16%	Unchanged
83	SUMMIT HOTEL PPTYS INC SER E PREFERRED STOCKS INN 6.25 PERP E	INN 6.25 PERP E	40,831	$875.0k0.16%	0.16%	Unchanged
84	AKER BP ASA SHS COM AKRBF	AKRBF	33,600	$857.4k0.16%	0.16%	New
85	FAIRFAX INDIA HLDGS CORP COM S COM FFXDF	FFXDF	59,560	$854.7k0.16%	0.16%	Unchanged
86	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	7,500	$814.0k0.15%	0.15%	Unchanged
87	RAYONIER ADVANCED MATLS INC COM RYAM	RYAM	147,365	$801.7k0.15%	0.15%	Unchanged
88	EXXON MOBIL CORP COM XOM	XOM	6,482	$746.2k0.14%	0.14%	Added +25	+25 0.4%
89	CULP INC COM CULP	CULP	146,162	$654.8k0.12%	0.12%	Unchanged
90	KEARNY FINL CORP MD COM KRNY	KRNY	104,119	$640.3k0.12%	0.12%	Reduced -407	-407 -0.4%
91	CHS Inc PREFERRED STOCK CHSINC V6.75 PERP 3	CHSINC V6.75 PERP 3	24,229	$607.9k0.11%	0.11%	Unchanged
92	SUMMIT HOTEL PPTYS INC SER F PREFERRED STOCKS INN 5.875 PERP F	INN 5.875 PERP F	29,889	$598.1k0.11%	0.11%	Unchanged
93	SPINNOVA OYJ COM COM		318,254	$545.7k0.10%	0.10%	Unchanged
94	SRH TOTAL RETURN FUND INC COM STEW	STEW	36,560	$531.9k0.10%	0.10%	Unchanged
95	AMAZON COM INC COM AMZN	AMZN	2,520	$487.0k0.09%	0.09%	Unchanged
96	MID PENN BANCORP INC COM MPB	MPB	21,103	$463.2k0.09%	0.09%	Unchanged
97	FREQUENCY ELECTRS INC COM FEIM	FEIM	46,044	$419.5k0.08%	0.08%	Unchanged
98	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,000	$406.8k0.08%	0.08%	Unchanged
99	DANIELI & CO. COM DAN	DAN	10,500	$400.6k0.08%	0.08%	Unchanged
100	ALPHABET INC CAP STK CL C GOOG	GOOG	2,160	$396.2k0.07%	0.07%	Unchanged

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
ENERPLUS CORP ERF	ERF	142,384	$2.8m142.4k shares
WESTROCK CO WRK	WRK	6,250	$309.1k6.2k 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