GRACE & WHITE INC /NY

NY, NY · CIK 903064 · 13F filing filed 2026-04-21

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

$566.2m reported value +1.0% vs Q4 2025

136positions

38.0%in top 10

1 new 18 added 39 reduced 2 sold out vs Q4 2025

Holdings, Q1 2026

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	141,153	$37.5m6.61%	6.61%	Reduced -500	-500 -0.3%
2	UNUM GROUP COM UNM	UNM	488,230	$35.7m6.30%	6.30%	Unchanged
3	NUCOR CORP COM NUE	NUE	121,352	$20.5m3.62%	3.62%	Reduced -2.0k	-2,000 -1.6%
4	SIGNET JEWELERS LIMITED SHS SIG	SIG	241,095	$20.4m3.60%	3.60%	Reduced -700	-700 -0.3%
5	GORMAN RUPP CO COM GRC	GRC	321,626	$20.0m3.53%	3.53%	Reduced -12.8k	-12,831 -3.8%
6	Tourmaline Oil Corp COM TRMLF	TRMLF	397,443	$19.0m3.35%	3.35%	Unchanged
7	INGREDION INC COM INGR	INGR	150,547	$17.0m3.00%	3.00%	Reduced -200	-200 -0.1%
8	EVEREST GROUP LTD COM EG	EG	47,998	$15.7m2.77%	2.77%	Unchanged
9	WATSCO INC COM WSO	WSO	42,200	$15.4m2.71%	2.71%	Unchanged
10	MANULIFE FINL CORP COM MFC	MFC	410,003	$14.1m2.49%	2.49%	Reduced -2.0k	-2,000 -0.5%
11	FIRST SOLAR INC COM FSLR	FSLR	69,523	$13.7m2.42%	2.42%	Reduced -365	-365 -0.5%
12	BROWN FORMAN CORP CL B BF.B	BF.B	442,148	$11.7m2.06%	2.06%	Added +37.2k	+37,200 9.2%
13	BRIGHTHOUSE FINL INC COM BHF	BHF	187,642	$11.2m1.98%	1.98%	Unchanged
14	ALAMO GROUP INC COM ALG	ALG	66,485	$11.0m1.94%	1.94%	Unchanged
15	CTO RLTY GROWTH INC NEW COM CTO	CTO	591,125	$10.9m1.93%	1.93%	Reduced -723	-723 -0.1%
16	WEST PHARMACEUTICAL SVSC INC COM WST	WST	43,530	$10.9m1.93%	1.93%	Unchanged
17	WILLIAMS SONOMA INC COM WSM	WSM	55,430	$10.1m1.78%	1.78%	Unchanged
18	ORION GROUP HLDGS INC COM ORN	ORN	893,822	$9.7m1.72%	1.72%	Reduced -42.3k	-42,330 -4.5%
19	KIMCO RLTY CORP COM KIM	KIM	408,878	$9.2m1.62%	1.62%	Reduced -1.9k	-1,850 -0.5%
20	AEGON LTD AMER REG 1 CERT AEG	AEG	1,107,297	$8.0m1.42%	1.42%	Reduced -4.0k	-4,000 -0.4%
21	SWATCH GROUP AG NAMEN AKT COM SWGNF	SWGNF	181,750	$7.9m1.39%	1.39%	Unchanged
22	ASIA FINANCIAL HOLDINGS LTD SH COM 662	662	13,493,666	$7.8m1.38%	1.38%	Unchanged
23	DANIELI & CO. COM DAN	DAN	114,863	$7.8m1.37%	1.37%	Unchanged
24	STEPAN CO COM SCL	SCL	139,013	$6.9m1.23%	1.23%	Added +9.9k	+9,900 7.7%
25	ULTRA CLEAN HLDGS INC COM UCTT	UCTT	109,950	$6.8m1.21%	1.21%	Reduced -4.5k	-4,500 -3.9%
26	NUTRIEN LTD COM NTR	NTR	88,100	$6.6m1.17%	1.17%	Reduced -16.5k	-16,500 -15.8%
27	HOLMEN AB-B COM HLMMF	HLMMF	180,966	$6.4m1.13%	1.13%	Added +5.0k	+5,000 2.8%
28	KIMBALL ELECTRONICS INC COM KE	KE	266,222	$6.3m1.11%	1.11%	Unchanged
29	GEOSPACE TECHNOLOGIES CORP COM GEOS	GEOS	473,201	$5.8m1.02%	1.02%	Added +165.4k	+165,406 53.7%
30	MURPHY OIL CORP COM MUR	MUR	138,102	$5.7m1.01%	1.01%	Reduced -1.1k	-1,100 -0.8%
31	BERKSHIRE HILLS BANCORP INC COM BBT	BBT	186,349	$5.6m0.99%	0.99%	Unchanged
32	SUMMIT HOTEL PPTYS INC COM INN	INN	1,235,325	$5.5m0.96%	0.96%	Added +17.3k	+17,277 1.4%
33	ALERUS FINL CORP COM ALRS	ALRS	228,108	$5.4m0.96%	0.96%	Reduced -28.1k	-28,125 -11.0%
34	UNITED PARCEL SERVICE INC CL B UPS	UPS	54,490	$5.4m0.95%	0.95%	Added +800	+800 1.5%
35	AMERICAN WOODMARK CORPORATIO COM AMWD	AMWD	129,732	$5.2m0.91%	0.91%	Added +37.2k	+37,200 40.2%
36	COTERRA ENERGY INC COM CTRA	CTRA	144,511	$5.1m0.90%	0.90%	Unchanged
37	TOPGOLF CALLAWAY BRANDS CORP COM CALY	CALY	365,789	$5.1m0.90%	0.90%	Reduced -70.1k	-70,104 -16.1%
38	NORTHWEST NAT HLDG CO COM NWN	NWN	90,064	$4.8m0.85%	0.85%	Reduced -1.7k	-1,700 -1.9%
39	PHOENIX COS INC NEW QUIBS 2032 PREFERRED STOCKS PNX 7.45 01.15.32	PNX 7.45 01.15.32	262,432	$4.7m0.83%	0.83%	Unchanged
40	APOGEE ENTERPRISES INC COM APOG	APOG	128,572	$4.3m0.76%	0.76%	Added +16.1k	+16,100 14.3%
41	DEVON ENERGY CORP NEW COM DVN	DVN	84,836	$4.3m0.75%	0.75%	Reduced -7.6k	-7,600 -8.2%
42	BROADWIND INC COM NEW BWEN	BWEN	1,997,495	$4.2m0.73%	0.73%	Reduced -33.1k	-33,059 -1.6%
43	CIMC ENRIC HOLDINGS LTD SHS COM CIMEF	CIMEF	3,225,000	$4.1m0.73%	0.73%	Reduced -181.5k	-181,500 -5.3%
44	GRUPO ROTOPLAS SAB DE CV COM COM		5,729,736	$3.8m0.67%	0.67%	Added +439.3k	+439,289 8.3%
45	HELMERICH & PAYNE INC COM HP	HP	101,725	$3.7m0.65%	0.65%	Reduced -17.4k	-17,400 -14.6%
46	CAPITAL SOUTHWEST CORP COM CSWC	CSWC	164,697	$3.6m0.64%	0.64%	Unchanged
47	TWIN DISC INC COM TWIN	TWIN	236,122	$3.6m0.63%	0.63%	Unchanged
48	AKER BP ASA SHS COM AKRBF	AKRBF	92,136	$3.4m0.60%	0.60%	Unchanged
49	IRISH RESIDENTL PPTYS REIT POR COM RSHPF	RSHPF	2,752,750	$3.2m0.57%	0.57%	Unchanged
50	BRASILAGRO COMPANHIA BRASILE SPONSORED ADR LND	LND	754,723	$3.2m0.56%	0.56%	Unchanged
51	BROWN FORMAN CORP CL A BF.A	BF.A	110,355	$3.0m0.52%	0.52%	Unchanged
52	MICROSOFT CORP COM MSFT	MSFT	7,975	$3.0m0.52%	0.52%	Unchanged
53	ALPHABET INC CAP STK CL A GOOGL	GOOGL	10,225	$2.9m0.52%	0.52%	Reduced -125	-125 -1.2%
54	APPLE INC COM AAPL	AAPL	11,536	$2.9m0.52%	0.52%	Added +357	+357 3.2%
55	VESTAS WIND SYS AS UNSP ADR COM VWDRY	VWDRY	283,750	$2.8m0.50%	0.50%	Unchanged
56	EXCO TECHNOLOGIES LTD COM COM EXCOF	EXCOF	517,850	$2.8m0.50%	0.50%	Unchanged
57	PEPSICO INC COM PEP	PEP	17,524	$2.7m0.48%	0.48%	Reduced -1.9k	-1,908 -9.8%
58	DAWSON GEOPHYSICAL CO NEW COM DWSN	DWSN	779,143	$2.7m0.48%	0.48%	Reduced -127.4k	-127,403 -14.1%
59	TITAN INTL INC ILL COM TWI	TWI	375,728	$2.6m0.46%	0.46%	Reduced -10.0k	-10,000 -2.6%
60	ALLIANT ENERGY CORP COM LNT	LNT	35,098	$2.5m0.44%	0.44%	Reduced -2.2k	-2,164 -5.8%
61	GENESIS LAND DEV CORP COM COM GNLAF	GNLAF	1,051,073	$2.5m0.44%	0.44%	Unchanged
62	MS&AD INS GP HLDG (8725-JP) COM MSADF	MSADF	88,511	$2.2m0.40%	0.40%	Reduced -20.0k	-20,000 -18.4%
63	ORION ENERGY SYS INC COM NEW OESX	OESX	241,387	$2.1m0.37%	0.37%	Added +20.4k	+20,400 9.2%
64	SUMMIT HOTEL PPTYS INC SER E PREFERRED STOCKS INN 6.25 PERP E	INN 6.25 PERP E	117,003	$2.0m0.36%	0.36%	Added +22.7k	+22,663 24.0%
65	SENSTAR TECHNOLOGIES CORP COM SNT	SNT	644,665	$2.0m0.34%	0.34%	Unchanged
66	AVISTA CORP COM AVA	AVA	48,400	$1.9m0.34%	0.34%	Reduced -500	-500 -1.0%
67	FUEL TECH INC COM FTEK	FTEK	1,541,307	$1.9m0.33%	0.33%	Added +55.4k	+55,424 3.7%
68	ATLANTIC UN BANKSHARES CORP COM AUB	AUB	52,325	$1.9m0.33%	0.33%	Unchanged
69	WESTPORT FUEL SYSTEMS INC COM WPRT	WPRT	1,006,708	$1.8m0.32%	0.32%	Reduced -153.4k	-153,379 -13.2%
70	RYERSON HLDG CORP COM RYZ	RYZ	76,567	$1.7m0.30%	0.30%	Unchanged
71	WALMART INC COM WMT	WMT	13,500	$1.7m0.30%	0.30%	Reduced -6.8k	-6,750 -33.3%
72	BERKLEY W R CORP COM WRB	WRB	24,869	$1.6m0.29%	0.29%	Unchanged
73	KEWEENAW LD ASSN LTD COM COM KEWL	KEWL	32,499	$1.6m0.29%	0.29%	Unchanged
74	CSW INDUSTRIALS INC COM CSW	CSW	6,080	$1.6m0.28%	0.28%	Unchanged
75	REGENCY CTRS CORP COM REG	REG	18,679	$1.4m0.25%	0.25%	Reduced -2.8k	-2,840 -13.2%
76	CHORD ENERGY CORPORATION COM NEW CHRD	CHRD	9,448	$1.3m0.24%	0.24%	Unchanged
77	VIRGINIA NATL BANKSHARES COR COM VABK	VABK	34,279	$1.3m0.23%	0.23%	Unchanged
78	ASTRONOVA INC COM ALOT	ALOT	142,109	$1.3m0.23%	0.23%	Unchanged
79	HNI CORP COM HNI	HNI	38,855	$1.3m0.23%	0.23%	Added +7.0k	+7,000 22.0%
80	BROADWAY FINL CORP DEL CL A NEW BYFC	BYFC	177,085	$1.3m0.23%	0.23%	Reduced -3.7k	-3,718 -2.1%
81	CHUBU NIPPON BROADCAST CO LTSH COM 9402	9402	162,422	$1.2m0.21%	0.21%	Reduced -31.5k	-31,500 -16.2%
82	RAYONIER ADVANCED MATLS INC COM RYAM	RYAM	100,915	$1.1m0.20%	0.20%	Reduced -41.5k	-41,450 -29.1%
83	RUFFER INV COM COM		273,800	$1.1m0.20%	0.20%	Unchanged
84	VESTAS WIND SYS AS SHS COM 0NMK	0NMK	37,500	$1.1m0.19%	0.19%	Unchanged
85	EXXON MOBIL CORP COM XOM	XOM	6,482	$1.1m0.19%	0.19%	Unchanged
86	NOVO-NORDISK A S ADR NVO	NVO	29,000	$1.1m0.19%	0.19%	Unchanged
87	BANG & OLUFSEN HLG ORD B COM BGOUF	BGOUF	767,698	$1.0m0.18%	0.18%	Unchanged
88	MID PENN BANCORP INC COM MPB	MPB	27,324	$878.7k0.16%	0.16%	Unchanged
89	MERCK & CO INC COM MRK	MRK	7,267	$874.1k0.15%	0.15%	Unchanged
90	FAIRFAX INDIA HLDGS CORP COM S COM FFXDF	FFXDF	52,860	$848.4k0.15%	0.15%	Unchanged
91	WESTERN AST INFL LKD OPP & I COM WIW	WIW	97,961	$828.8k0.15%	0.15%	Unchanged
92	SUZANO S A SPON ADS SUZ	SUZ	79,774	$798.5k0.14%	0.14%	Unchanged
93	FIDELITY 500 INDEX COM FXAIX	FXAIX	3,169	$720.7k0.13%	0.13%	Unchanged
94	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	7,500	$678.1k0.12%	0.12%	Unchanged
95	SRH TOTAL RETURN FUND INC COM STEW	STEW	36,560	$625.2k0.11%	0.11%	Unchanged
96	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,300	$623.0k0.11%	0.11%	Unchanged
97	NORTH ATLANTIC SMALLER INV. TR COM COM		140,700	$622.9k0.11%	0.11%	Added +100.0k	+100,000 245.7%
98	CHS Inc PREFERRED STOCK CHSINC V6.75 PERP 3	CHSINC V6.75 PERP 3	24,229	$586.6k0.10%	0.10%	Unchanged
99	GRAHAM CORP COM GHM	GHM	7,300	$576.1k0.10%	0.10%	Reduced -15.5k	-15,539 -68.0%
100	SUMMIT HOTEL PPTYS INC SER F PREFERRED STOCKS INN 5.875 PERP F	INN 5.875 PERP F	32,389	$560.0k0.10%	0.10%	Unchanged

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
MCDONALDS CORP MCD	MCD	1,500	$458.4k1.5k shares
RHINEBECK BANCORP INC		12,664	$152.2k12.7k 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