GRACE & WHITE INC /NY

NY, NY · CIK 903064 · 13F filing filed 2025-07-24

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

$546.3m reported value +4.3% vs Q1 2025

137positions

38.8%in top 10

3 new 28 added 18 reduced 1 sold out vs Q1 2025

Holdings, Q2 2025

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	498,256	$40.2m7.37%	7.37%	Reduced -1.1k	-1,100 -0.2%
2	APPLIED INDL TECHNOLOGIES IN COM AIT	AIT	147,241	$34.2m6.27%	6.27%	Reduced -200	-200 -0.1%
3	SIGNET JEWELERS LIMITED SHS SIG	SIG	249,712	$19.9m3.64%	3.64%	Added +1.4k	+1,400 0.6%
4	INGREDION INC COM INGR	INGR	145,601	$19.7m3.61%	3.61%	Added +600	+600 0.4%
5	Tourmaline Oil Corp COM TRMLF	TRMLF	406,343	$19.6m3.59%	3.59%	Unchanged
6	WATSCO INC COM WSO	WSO	39,080	$17.3m3.16%	3.16%	Reduced -50	-50 -0.1%
7	NUCOR CORP COM NUE	NUE	125,739	$16.3m2.98%	2.98%	Added +1.5k	+1,500 1.2%
8	EVEREST GROUP LTD COM EG	EG	47,232	$16.1m2.94%	2.94%	Unchanged
9	ALAMO GROUP INC COM ALG	ALG	67,502	$14.7m2.70%	2.70%	Unchanged
10	MANULIFE FINL CORP COM MFC	MFC	433,805	$13.9m2.54%	2.54%	Added +4.0k	+4,000 0.9%
11	FIRST SOLAR INC COM FSLR	FSLR	81,875	$13.6m2.48%	2.48%	Added +2.6k	+2,600 3.3%
12	GORMAN RUPP CO COM GRC	GRC	349,291	$12.8m2.35%	2.35%	Added +1.6k	+1,632 0.5%
13	BROWN FORMAN CORP CL B BF.B	BF.B	436,698	$11.8m2.15%	2.15%	Unchanged
14	BRIGHTHOUSE FINL INC COM BHF	BHF	194,675	$10.5m1.92%	1.92%	Reduced -100	-100 -0.1%
15	CTO RLTY GROWTH INC NEW COM CTO	CTO	589,371	$10.2m1.86%	1.86%	Added +7.7k	+7,700 1.3%
16	WEST PHARMACEUTICAL SVSC INC COM WST	WST	45,730	$10.0m1.83%	1.83%	Added +4.4k	+4,400 10.7%
17	ORION GROUP HLDGS INC COM ORN	ORN	1,007,797	$9.1m1.67%	1.67%	Added +15.0k	+15,000 1.5%
18	WILLIAMS SONOMA INC COM WSM	WSM	55,580	$9.1m1.66%	1.66%	Added +1.1k	+1,050 1.9%
19	AEGON LTD AMER REG 1 CERT AEG	AEG	1,247,742	$9.0m1.65%	1.65%	Reduced -246.2k	-246,220 -16.5%
20	KIMCO RLTY CORP COM KIM	KIM	384,862	$8.1m1.48%	1.48%	Added +33.7k	+33,700 9.6%
21	STEPAN CO COM SCL	SCL	143,363	$7.8m1.43%	1.43%	Added +8.3k	+8,350 6.2%
22	ASIA FINANCIAL HOLDINGS LTD SH COM 662	662	13,778,166	$7.1m1.30%	1.30%	Reduced -12.5k	-12,500 -0.1%
23	HOLMEN AB-B COM HLMMF	HLMMF	162,892	$6.4m1.18%	1.18%	Unchanged
24	NUTRIEN LTD COM NTR	NTR	109,200	$6.4m1.16%	1.16%	Unchanged
25	SUMMIT HOTEL PPTYS INC COM INN	INN	1,237,348	$6.3m1.15%	1.15%	Added +46.3k	+46,295 3.9%
26	SWATCH GROUP AG NAMEN AKT COM SWGNF	SWGNF	185,250	$6.2m1.14%	1.14%	Unchanged
27	ALERUS FINL CORP COM ALRS	ALRS	256,233	$5.5m1.02%	1.02%	Unchanged
28	UNITED PARCEL SERVICE INC CL B UPS	UPS	53,690	$5.4m0.99%	0.99%	Unchanged
29	AMERICAN WOODMARK CORPORATIO COM AMWD	AMWD	101,395	$5.4m0.99%	0.99%	Reduced -1.2k	-1,250 -1.2%
30	KIMBALL ELECTRONICS INC COM KE	KE	275,604	$5.3m0.97%	0.97%	Added +4.7k	+4,727 1.8%
31	BERKSHIRE HILLS BANCORP INC COM BBT	BBT	199,010	$5.0m0.91%	0.91%	Unchanged
32	PHOENIX COS INC NEW QUIBS 2032 PREFERRED STOCKS PNX 7.45 01.15.32	PNX 7.45 01.15.32	262,432	$4.8m0.88%	0.88%	Unchanged
33	GEOSPACE TECHNOLOGIES CORP COM GEOS	GEOS	330,321	$4.7m0.86%	0.86%	Added +29.0k	+29,000 9.6%
34	TOPGOLF CALLAWAY BRANDS CORP COM CALY	CALY	577,144	$4.6m0.85%	0.85%	Reduced -4.2k	-4,200 -0.7%
35	DANIELI & CO. COM DAN	DAN	114,863	$4.5m0.82%	0.82%	Unchanged
36	GRUPO ROTOPLAS SAB DE CV COM COM		5,716,557	$4.3m0.78%	0.78%	Reduced -58.3k	-58,339 -1.0%
37	FUEL TECH INC COM FTEK	FTEK	1,634,526	$4.1m0.75%	0.75%	Reduced -264.6k	-264,623 -13.9%
38	MURPHY OIL CORP COM MUR	MUR	180,602	$4.1m0.74%	0.74%	Added +2.2k	+2,200 1.2%
39	TITAN INTL INC ILL COM TWI	TWI	391,228	$4.0m0.74%	0.74%	Unchanged
40	NORTHWEST NAT HLDG CO COM NWN	NWN	100,609	$4.0m0.73%	0.73%	Added +1.2k	+1,200 1.2%
41	MICROSOFT CORP COM MSFT	MSFT	7,975	$4.0m0.73%	0.73%	Unchanged
42	CAPITAL SOUTHWEST CORP COM CSWC	CSWC	174,597	$3.8m0.70%	0.70%	Reduced -2.0k	-2,000 -1.1%
43	BROADWIND INC COM NEW BWEN	BWEN	2,125,587	$3.8m0.70%	0.70%	Unchanged
44	COTERRA ENERGY INC COM CTRA	CTRA	150,032	$3.8m0.70%	0.70%	Unchanged
45	APOGEE ENTERPRISES INC COM APOG	APOG	93,656	$3.8m0.70%	0.70%	Added +16.0k	+16,000 20.6%
46	ALLIANT ENERGY CORP COM LNT	LNT	60,401	$3.7m0.67%	0.67%	Reduced -1.3k	-1,324 -2.1%
47	IRISH RESIDENTL PPTYS REIT POR COM RSHPF	RSHPF	2,835,750	$3.4m0.62%	0.62%	Unchanged
48	BROWN FORMAN CORP CL A BF.A	BF.A	122,173	$3.4m0.61%	0.61%	Unchanged
49	WESTPORT FUEL SYSTEMS INC COM WPRT	WPRT	1,043,980	$3.3m0.60%	0.60%	Unchanged
50	PEPSICO INC COM PEP	PEP	24,740	$3.3m0.60%	0.60%	Unchanged
51	SENSTAR TECHNOLOGIES CORP COM SNT	SNT	683,616	$3.2m0.59%	0.59%	Reduced -63.4k	-63,362 -8.5%
52	DEVON ENERGY CORP NEW COM DVN	DVN	100,236	$3.2m0.58%	0.58%	Unchanged
53	BRASILAGRO COMPANHIA BRASILE SPONSORED ADR LND	LND	817,057	$3.1m0.57%	0.57%	Unchanged
54	CIMC ENRIC HOLDINGS LTD SHS COM CIMEF	CIMEF	3,474,500	$2.9m0.53%	0.53%	Added +376.0k	+376,000 12.1%
55	EXCO TECHNOLOGIES LTD COM COM EXCOF	EXCOF	540,350	$2.7m0.50%	0.50%	Added +20.0k	+20,000 3.8%
56	ULTRA CLEAN HLDGS INC COM UCTT	UCTT	114,450	$2.6m0.47%	0.47%	Added +55.8k	+55,750 95.0%
57	TWIN DISC INC COM TWIN	TWIN	284,529	$2.5m0.46%	0.46%	Added +15.3k	+15,282 5.7%
58	APPLE INC COM AAPL	AAPL	12,179	$2.5m0.46%	0.46%	Unchanged
59	GENESIS LAND DEV CORP COM COM GNLAF	GNLAF	1,056,506	$2.5m0.45%	0.45%	Added +20.0k	+20,000 1.9%
60	MS&AD INS GP HLDG (8725-JP) COM MSADF	MSADF	108,511	$2.4m0.44%	0.44%	Unchanged
61	AKER BP ASA SHS COM AKRBF	AKRBF	92,136	$2.4m0.43%	0.43%	Reduced -4.6k	-4,600 -4.8%
62	GRAHAM CORP COM GHM	GHM	47,299	$2.3m0.43%	0.43%	Unchanged
63	HELMERICH & PAYNE INC COM HP	HP	139,742	$2.1m0.39%	0.39%	Added +26.4k	+26,400 23.3%
64	WALMART INC COM WMT	WMT	21,000	$2.1m0.38%	0.38%	Unchanged
65	NOVO-NORDISK A S ADR NVO	NVO	29,000	$2.0m0.37%	0.37%	Unchanged
66	CSW INDUSTRIALS INC COM CSW	CSW	6,603	$1.9m0.35%	0.35%	Unchanged
67	RYERSON HLDG CORP COM RYZ	RYZ	86,367	$1.9m0.34%	0.34%	Unchanged
68	BANG & OLUFSEN HLG ORD B COM BGOUF	BGOUF	873,736	$1.9m0.34%	0.34%	Unchanged
69	BERKLEY W R CORP COM WRB	WRB	24,869	$1.8m0.33%	0.33%	Unchanged
70	ALPHABET INC CAP STK CL A GOOGL	GOOGL	10,350	$1.8m0.33%	0.33%	Unchanged
71	ORION ENERGY SYS INC COM OESX	OESX	2,884,085	$1.7m0.32%	0.32%	Added +99.5k	+99,499 3.6%
72	SUMMIT HOTEL PPTYS INC SER E PREFERRED STOCKS INN 6.25 PERP E	INN 6.25 PERP E	97,540	$1.7m0.31%	0.31%	Added +9.8k	+9,846 11.2%
73	PATTERSON-UTI ENERGY INC COM PTEN	PTEN	279,768	$1.7m0.30%	0.30%	Unchanged
74	ASTRONOVA INC COM ALOT	ALOT	142,809	$1.7m0.30%	0.30%	Unchanged
75	ATLANTIC UN BANKSHARES CORP COM AUB	AUB	52,326	$1.6m0.30%	0.30%	New
76	HNI CORP COM HNI	HNI	32,350	$1.6m0.29%	0.29%	Reduced -1.1k	-1,079 -3.2%
77	REGENCY CTRS CORP COM REG	REG	21,519	$1.5m0.28%	0.28%	Unchanged
78	VESTAS WIND SYS AS UNSP ADR COM VWDRY	VWDRY	283,750	$1.4m0.26%	0.26%	Unchanged
79	BROADWAY FINL CORP DEL CL A NEW BYFC	BYFC	188,310	$1.4m0.25%	0.25%	Reduced -8.8k	-8,750 -4.4%
80	VIRGINIA NATL BANKSHARES COR COM VABK	VABK	34,279	$1.3m0.23%	0.23%	Unchanged
81	DAWSON GEOPHYSICAL CO NEW COM DWSN	DWSN	866,422	$1.3m0.23%	0.23%	Reduced -123.8k	-123,750 -12.5%
82	FAIRFAX INDIA HLDGS CORP COM S COM FFXDF	FFXDF	59,560	$1.1m0.20%	0.20%	Unchanged
83	WESTERN AST INFL LKD OPP & I COM WIW	WIW	124,620	$1.1m0.20%	0.20%	Unchanged
84	RUFFER INV COM COM		273,800	$1.1m0.20%	0.20%	Unchanged
85	KEWEENAW LD ASSN LTD COM COM KEWL	KEWL	33,448	$1.0m0.19%	0.19%	Unchanged
86	CHUBU NIPPON BROADCAST CO LTSH COM 9402	9402	210,572	$1.0m0.18%	0.18%	Reduced -31.6k	-31,600 -13.1%
87	SUZANO S A SPON ADS SUZ	SUZ	81,974	$771.4k0.14%	0.14%	Unchanged
88	EXXON MOBIL CORP COM XOM	XOM	6,482	$698.8k0.13%	0.13%	Unchanged
89	FIDELITY 500 INDEX COM FXAIX	FXAIX	3,169	$684.9k0.13%	0.13%	Unchanged
90	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	7,500	$684.1k0.13%	0.13%	Unchanged
91	SRH TOTAL RETURN FUND INC COM STEW	STEW	36,560	$646.4k0.12%	0.12%	Unchanged
92	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,300	$631.5k0.12%	0.12%	Unchanged
93	MID PENN BANCORP INC COM MPB	MPB	21,103	$595.1k0.11%	0.11%	Unchanged
94	MCDONALDS CORP COM MCD	MCD	2,000	$584.3k0.11%	0.11%	Unchanged
95	CHS Inc PREFERRED STOCK CHSINC V6.75 PERP 3	CHSINC V6.75 PERP 3	24,229	$576.6k0.11%	0.11%	Unchanged
96	MERCK & CO INC COM MRK	MRK	7,267	$575.3k0.11%	0.11%	Unchanged
97	SUMMIT HOTEL PPTYS INC SER F PREFERRED STOCKS INN 5.875 PERP F	INN 5.875 PERP F	32,389	$575.2k0.11%	0.11%	Unchanged
98	VESTAS WIND SYS AS SHS COM 0NMK	0NMK	37,500	$561.8k0.10%	0.10%	Unchanged
99	AMAZON COM INC COM AMZN	AMZN	2,520	$552.9k0.10%	0.10%	Unchanged
100	RAYONIER ADVANCED MATLS INC COM RYAM	RYAM	142,365	$548.1k0.10%	0.10%	Unchanged

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
SANDY SPRING BANCORP INC SASR	SASR	58,145	$1.6m58.1k 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