Grace & White 13FHR Quarterly holdings report by institutional manager | SEC 1 May 23

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AEGON N V NY REGISTRY SH	COM	007924103	7,115,412	1,654,747	SH		SOLE		519,310	0	1,135,437
AEGON N V NY REGISTRY SH	COM	007924103	196,815	45,771	SH		OTR		0	0	45,771
AEGON NV SHS	COM	N00927298	255,646	59,531	SH		SOLE		0	0	59,531
ALAMO GROUP INC COM	COM	011311107	12,716,616	69,052	SH		SOLE		13,200	0	55,852
ALLIANT CORP COM	COM	018802108	3,514,414	65,813	SH		SOLE		29,984	0	35,829
ALLIANT CORP COM	COM	018802108	170,880	3,200	SH		OTR		0	0	3,200
ALPHABET CLASS A	COM	02079K305	1,083,979	10,450	SH		SOLE		300	0	10,150
ALPHABET CLASS C	COM	02079K107	224,640	2,160	SH		SOLE		600	0	1,560
AMERICAN WOODMARK CORP COM	COM	030506109	5,779,510	110,995	SH		SOLE		19,408	0	91,587
APOGEE ENTERPRISES INC COM	COM	037598109	1,669,450	38,600	SH		SOLE		15,600	0	23,000
APOGEE ENTERPRISES INC COM	COM	037598109	147,050	3,400	SH		OTR		0	0	3,400
APPLE COMPUTER INC COM	COM	037833100	2,483,229	15,059	SH		SOLE		4,680	0	10,379
APPLIED INDL TECHNLGIES INC CO	COM	03820C105	23,233,423	163,466	SH		SOLE		35,610	0	127,856
ARGO GROUP INTL HLDGS LTD COM	COM	G0464B107	6,200,195	211,683	SH		SOLE		44,525	0	167,158
ARGO GROUP INTL HLDGS LTD COM	COM	G0464B107	134,734	4,600	SH		OTR		0	0	4,600
ARGO GROUP US INC SR NT 42	PREFERRED STOCKS	040130205	240,301	10,839	SH		SOLE		6,557	0	4,282
ASIA FINANCIAL HOLDINGS LTD SH	COM	G0532X107	6,104,627	13,849,916	SH		SOLE		2,474,611	0	11,375,305
ASTRONOVA INC NEW COM	COM	04638F108	2,000,040	142,809	SH		SOLE		69,981	0	72,828
BANG & OLUFSEN HLG ORD B	COM	K07774126	1,271,416	896,386	SH		SOLE		210,737	0	685,649
BERKLEY W R CORP COM	COM	084423102	1,032,271	16,580	SH		SOLE		0	0	16,580
BERKSHIRE HATHAWAY INC DEL CL	COM	084670702	308,770	1,000	SH		SOLE		500	0	500
BERKSHIRE HILLS BANCORP INC CO	COM	084680107	3,890,540	155,249	SH		SOLE		29,254	0	125,995
BERKSHIRE HILLS BANCORP INC CO	COM	084680107	137,830	5,500	SH		OTR		0	0	5,500
BLACKROCK MUN BD FD INC NATL M	MUTUAL FUNDS	09253C744	102,900	10,178	SH		SOLE		0	0	10,178
BLACKROCK N Y MUN INCOME TRUSH	COM	09248L106	141,450	13,601	SH		SOLE		13,601	0	0
BLUE RIDGE REAL ESTATE CO COM	COM	096005301	383,760	38,376	SH		SOLE		32,400	0	5,976
BOEING CO	COM	097023105	6,532,223	30,750	SH		SOLE		0	0	30,750
BOULDER GROWTH & INCOME FD ICO	COM	101507101	448,957	36,560	SH		SOLE		10,560	0	26,000
BRASILAGRO COMPANHIA BRASILESP	COM	10554B104	2,782,917	578,569	SH		SOLE		188,640	0	389,929
BRIGHTHOUSE FINL INC COM	COM	10922N103	8,622,402	195,475	SH		SOLE		41,055	0	154,420
BRISTOL MYERS SQUIBB CO	COM	110122108	559,540	8,073	SH		SOLE		6,293	0	1,780
BROADWAY FINL CORP DEL COM	COM	111444105	1,635,839	1,557,942	SH		SOLE		308,800	0	1,249,142
BROADWIND ENERGY INC COM NEW	COM	11161T207	4,924,278	1,282,364	SH		SOLE		424,358	0	858,006
BROWN FORMAN CORP CL A	COM	115637100	6,292,489	96,555	SH		SOLE		0	0	96,555
BROWN FORMAN CORP CL B	COM	115637209	23,638,377	367,798	SH		SOLE		0	0	367,798
BRUNSWICK BANCORP INC COM	COM	117030106	1,139,970	70,152	SH		SOLE		44,352	0	25,800
CAPITAL SOUTHWEST CORP COM	COM	140501107	3,155,434	177,471	SH		SOLE		21,000	0	156,471
CHINA MOBILE LTD	COM	011399207	101,275	12,500	SH		SOLE		0	0	12,500
CHS INC RED PFD SER3 C	PREFERRED STOCKS	12542R704	614,475	24,579	SH		SOLE		7,800	0	16,779
CHUBU NIPPON BROADCAST CO LTSH	COM	J06594105	1,509,077	374,470	SH		SOLE		65,448	0	309,022
CIMC ENRIC HOLDINGS LTD SHS	COM	G2198S109	690,789	713,500	SH		SOLE		178,000	0	535,500
CISCO SYS INC COM	COM	17275R102	362,789	6,940	SH		SOLE		0	0	6,940
COMMERCIAL INTL BK EGYPT S ASP	COM	201712304	185,860	151,106	SH		SOLE		0	0	151,106
CONOCOPHILLIPS COM	COM	20825C104	270,843	2,730	SH		SOLE		2,730	0	0
COTERRA ENERGY INC. COM	COM	127097103	3,474,103	141,569	SH		SOLE		15,484	0	126,085
COTERRA ENERGY INC. COM	COM	127097103	237,326	9,671	SH		OTR		0	0	9,671
CSW INDUSTRIALS INC COM	COM	126402106	1,091,017	7,853	SH		SOLE		2,750	0	5,103
CTO REALTY GROWTH INC COM	COM	22948Q101	8,650,160	501,168	SH		SOLE		86,091	0	415,077
CULP INC COM	COM	230215105	971,001	186,731	SH		SOLE		28,409	0	158,322
DANAHER CORP SHS BEN INT	COM	235851102	201,632	800	SH		SOLE		0	0	800
DANIELI & CO.	COM	T73148115	279,034	10,500	SH		SOLE		10,500	0	0
DAWSON GEOPHYSICAL CO NEW COM	COM	239360100	1,633,536	1,053,894	SH		SOLE		327,039	0	726,855
DEVON ENERGY CORP NEW COM	COM	25179M103	2,357,717	46,586	SH		SOLE		12,011	0	34,575
ENERPLUS CORPORATION	COM	292766102	2,094,983	145,384	SH		SOLE		59,568	0	85,816
EVEREST RE GROUP	COM	G3223R108	17,080,060	47,707	SH		SOLE		12,382	0	35,325
EVERSOURCE ENERGY COM	COM	30040W108	219,128	2,800	SH		SOLE		2,800	0	0
EVERSOURCE ENERGY COM	COM	30040W108	109,564	1,400	SH		OTR		0	0	1,400
EXCO TECHNOLOGIES LTD COM	COM	30150P109	2,565,746	453,550	SH		SOLE		140,900	0	312,650
EXXON MOBIL CORPORATION	COM	30231G102	2,971,676	27,099	SH		SOLE		2,000	0	25,099
FAIRFAX INDIA HLDGS CORP COM S	COM	303897102	807,634	59,560	SH		SOLE		20,670	0	38,890
FIRST NATL CORP COM	COM	32106V107	230,620	14,587	SH		SOLE		14,587	0	0
FIRST NORTHWEST BANCORP COM	COM	335834107	115,000	10,000	SH		SOLE		10,000	0	0
FIRST REP BK SAN FRANCISCO CCO	COM	33616C100	699,500	50,000	SH		SOLE		8,600	0	41,400
FIRST SOLAR INC COM	COM	336433107	19,744,650	90,780	SH		SOLE		20,100	0	70,680
FREQUENCY ELECTRS INC COM	COM	358010106	1,140,736	165,564	SH		SOLE		59,606	0	105,958
FUEL TECH INC COM	COM	359523107	2,193,834	1,713,933	SH		SOLE		511,279	0	1,202,654
GASFRAC ENERGY SVCS INC COM	COM	367257201	0	31,000	SH		SOLE		0	0	31,000
GENERAL DYNAMICS CORP COM	COM	369550108	4,564,200	20,000	SH		SOLE		0	0	20,000
GENESIS LAND DEV CORP COM	COM	37183V102	1,670,920	1,036,506	SH		SOLE		16,979	0	1,019,527
GEOSPACE TECHNOLOGIES CORP COM	COM	37364X109	418,559	59,370	SH		SOLE		8,269	0	51,101
GORMAN RUPP CO	COM	383082104	8,691,725	347,669	SH		SOLE		71,238	0	276,431
GORMAN RUPP CO	COM	383082104	106,750	4,270	SH		OTR		0	0	4,270
GRAHAM CORP COM	COM	384556106	2,340,823	178,962	SH		SOLE		23,198	0	155,764
GRUPO ROTOPLAS SAB DE CV	COM	129801816	5,207,806	3,403,928	SH		SOLE		550,892	0	2,853,036
HAIN CELESTIAL GROUP INC COM	COM	405217100	214,375	12,500	SH		SOLE		12,500	0	0
HANOVER INS GROUP INC COM	COM	410867105	356,588	2,775	SH		SOLE		725	0	2,050
HELIOS FAIRFAX PARTNERS CORPCO	COM	42328X104	80,868	29,300	SH		SOLE		29,300	0	0
HELMERICH & PAYNE INC	COM	423452101	2,882,737	80,636	SH		SOLE		18,850	0	61,786
HMN FINL INC COM	COM	40424G108	3,733,659	193,755	SH		SOLE		31,766	0	161,989
HOLMEN AB-B	COM	W4R00P201	6,402,939	165,992	SH		SOLE		37,424	0	128,568
INGREDION INC COM	COM	457187102	15,009,346	147,541	SH		SOLE		39,600	0	107,941
INGREDION INC COM	COM	457187102	244,152	2,400	SH		OTR		0	0	2,400
IRISH RESIDENTL PPTYS REIT POR	COM	G49456109	1,771,571	1,752,608	SH		SOLE		568,000	0	1,184,608
JOHNSON & JOHNSON COM	COM	478160104	6,324,000	40,800	SH		SOLE		0	0	40,800
JZ CAPITAL PRTNRS LTD GUERNSSH	COM	G5216J134	287,504	141,112	SH		SOLE		22,288	0	118,824
KEARNY FINL CORP MD COM	COM	48716P108	1,403,956	172,901	SH		SOLE		38,048	0	134,853
KEWEENAW LD ASSN LTD COM	COM	493026108	751,948	33,948	SH		SOLE		13,032	0	20,916
KID BRANDS, INC. COM	COM	49375T100	0	23,000	SH		SOLE		0	0	23,000
KIMBALL ELECTRONICS INC COM	COM	49428J109	2,898,025	120,250	SH		SOLE		21,756	0	98,494
KIMBALL INTL INC CL B	COM	494274103	7,403,246	597,036	SH		SOLE		179,320	0	417,716
KIMBALL INTL INC CL B	COM	494274103	111,600	9,000	SH		OTR		0	0	9,000
KIMCO RLTY CORP COM	COM	49446R109	6,329,243	324,078	SH		SOLE		82,950	0	241,128
KIMCO RLTY CORP COM	COM	49446R109	166,005	8,500	SH		OTR		0	0	8,500
LUBYS CAFETERIAS INC COM	COM	549282101	189,394	106,401	SH		SOLE		17,000	0	89,401
MANULIFE FINL CORP COM	COM	56501R106	8,023,871	437,030	SH		SOLE		90,900	0	346,130
MANULIFE FINL CORP COM	COM	56501R106	117,504	6,400	SH		OTR		0	0	6,400
MCDONALDS CORP	COM	580135101	489,318	1,750	SH		SOLE		0	0	1,750
MERCK & COMPANY	COM	58933Y105	2,046,305	19,234	SH		SOLE		0	0	19,234
MERCK & COMPANY	COM	58933Y105	109,901	1,033	SH		OTR		0	0	1,033
MICROSOFT CORP COM	COM	594918104	2,291,985	7,950	SH		SOLE		1,400	0	6,550
MICROSOFT CORP COM	COM	594918104	345,960	1,200	SH		OTR		0	0	1,200
MS&AD INS GP HLDG (8725-JP)	COM	J4687C105	2,687,285	86,895	SH		SOLE		60,087	0	26,808
MURPHY OIL CORP COM	COM	626717102	4,654,007	125,852	SH		SOLE		53,800	0	72,052
NORTHERN FDS NRTN SMCAP COR	MUTUAL FUNDS	665162665	211,941	8,354	SH		SOLE		8,354	0	0
NORTHWEST BIOTHERAPEUTICS INCO	COM	66737P600	9,191	14,705	SH		SOLE		0	0	14,705
NORTHWEST NAT HLDG CO COM	COM	66765N105	951,866	20,014	SH		SOLE		2,000	0	18,014
NOVO-NORDISK A S ADR	COM	670100205	875,270	5,500	SH		SOLE		0	0	5,500
NUCOR CORP	COM	670346105	16,491,526	106,762	SH		SOLE		37,825	0	68,937
NUCOR CORP	COM	670346105	308,940	2,000	SH		OTR		0	0	2,000
OCEANFIRST FINL CORP COM	COM	675234108	377,066	20,404	SH		SOLE		3,561	0	16,843
ORION ENERGY SYSTEMS INC COM	COM	686275108	1,704,883	839,844	SH		SOLE		39,314	0	800,530
ORION MARINE GROUP INC COM	COM	68628V308	4,019,263	1,551,839	SH		SOLE		457,007	0	1,094,832
PATTERSON-UTI ENERGY INC COM	COM	703481101	297,180	25,400	SH		SOLE		0	0	25,400
PEPSICO INC	COM	713448108	4,828,945	26,489	SH		SOLE		14,340	0	12,149
PFIZER INC COM	COM	717081103	489,518	11,998	SH		SOLE		0	0	11,998
PHOENIX COS INC NEW QUIBS 2032	PREFERRED STOCKS	71902E208	4,681,131	262,432	SH		SOLE		92,586	0	169,846
RAYONIER ADVANCED MATLS INC CO	COM	75508B104	923,979	147,365	SH		SOLE		88,600	0	58,765
SANDY SPRING BANCORP INC COM	COM	800363103	733,805	28,245	SH		SOLE		19,297	0	8,948
SENSTAR TECHNOLOGIES LTD ORD	COM	M8T77E105	1,415,489	1,032,074	SH		SOLE		270,337	0	761,737
SHELL PLC SPON ADS	COM	780259305	1,427,913	24,816	SH		SOLE		0	0	24,816
SHORE CAPITAL GROUP	COM	BGCZJ74GB	164,929	88,056	SH		SOLE		88,056	0	0
SIGNET JEWELERS LIMITED SHS	COM	G81276100	15,164,067	194,961	SH		SOLE		59,650	0	135,311
SIGNET JEWELERS LIMITED SHS	COM	G81276100	256,674	3,300	SH		OTR		0	0	3,300
SPINNOVA OYJ	COM	00BKP8KY2	609,323	96,324	SH		SOLE		96,324	0	0
STEPAN CHEMICAL CO	COM	858586100	8,005,122	77,697	SH		SOLE		17,700	0	59,997
SUMMIT HOTEL PPTYS INC SER F	PREFERRED STOCKS	866082704	409,756	23,137	SH		SOLE		0	0	23,137
SUMMIT HOTEL PPTYS INC SER E	PREFERRED STOCKS	866082605	554,165	29,259	SH		SOLE		8,700	0	20,559
SUMMIT HOTEL PPTYS INC COM	COM	866082100	7,207,452	1,029,636	SH		SOLE		322,659	0	706,977
SUMMIT HOTEL PPTYS INC COM	COM	866082100	97,300	13,900	SH		OTR		0	0	13,900
SUZANO PAPEL E CELULOSE S A SP	COM	86959K105	769,474	93,724	SH		SOLE		34,524	0	59,200
SWATCH GROUP AG NAMEN AKT	COM	H83949133	2,620,229	41,425	SH		SOLE		19,450	0	21,975
TABOOLA.COM LTD ORD SHS	COM	M8744T106	36,307	13,348	SH		SOLE		13,348	0	0
TEXTAINER GROUP HOLDINGS LTDSH	COM	G8766E109	8,704,732	271,091	SH		SOLE		52,254	0	218,837
TEXTAINER GROUP HOLDINGS LTDSH	COM	G8766E109	51,376	1,600	SH		OTR		0	0	1,600
TITAN INTL INC ILL COM	COM	88830M102	2,036,495	194,322	SH		SOLE		66,345	0	127,977
TOKIO MARINE HOLDINGS INC	COM	889094108	2,162,718	113,010	SH		SOLE		30,510	0	82,500
TOPGOLF CALLAWAY BRANDS COM	COM	131193104	9,879,129	456,944	SH		SOLE		80,995	0	375,949
TOURMALINE OIL CORP COM	COM	89156V106	17,015,444	408,558	SH		SOLE		91,745	0	316,813
TOURMALINE OIL CORP COM	COM	89156V106	437,299	10,500	SH		OTR		0	0	10,500
TRITON INTL LTD CL A	COM	G9078F107	4,025,344	63,672	SH		SOLE		20,400	0	43,272
TRITON INTL LTD CL A	COM	G9078F107	94,830	1,500	SH		OTR		0	0	1,500
TUESDAY MORNING CORP COM NEW	COM	89904V200	1,606	18,062	SH		SOLE		7,821	0	10,241
TWIN DISC INC COM	COM	901476101	2,128,859	223,385	SH		SOLE		46,304	0	177,081
UNITED PARCEL SVC INC CL B	COM	911312106	10,415,323	53,690	SH		SOLE		0	0	53,690
UNUM GROUP	COM	91529Y106	21,984,006	555,713	SH		SOLE		104,168	0	451,545
UNUM GROUP	COM	91529Y106	192,262	4,860	SH		OTR		0	0	4,860
URSTADT BIDDLE PPTYS INC CL A	COM	917286205	5,476,165	311,677	SH		SOLE		71,829	0	239,848
URSTADT BIDDLE PPTYS INC CL A	COM	917286205	140,560	8,000	SH		OTR		0	0	8,000
URSTADT BIDDLE PPTYS INC COM	COM	917286106	719,648	45,461	SH		SOLE		13,934	0	31,527
VESTAS WIND SYS AS SHS	COM	K9773J128	1,088,955	37,500	SH		SOLE		0	0	37,500
VESTAS WIND SYS AS UNSP ADR	COM	925458101	3,301,035	343,500	SH		SOLE		139,750	0	203,750
VIRGINIA NATL BANKSHARES CORCO	COM	928031103	1,160,753	32,279	SH		SOLE		6,708	0	25,571
VIRGINIA NATL BANKSHARES CORCO	COM	928031103	71,920	2,000	SH		OTR		0	0	2,000
VISA INC COM CL A	COM	92826C839	216,442	960	SH		SOLE		0	0	960
WAL MART STORES INC	COM	931142103	538,193	3,650	SH		SOLE		0	0	3,650
WATSCO INC	COM	942622200	13,633,156	42,850	SH		SOLE		19,550	0	23,300
WEST PHARMACEUTICAL SVCS INCCO	COM	955306105	15,535,715	44,840	SH		SOLE		12,166	0	32,674
WESTERN ASSET CLYM INFL OPP CO	MUTUAL FUNDS	95766R104	1,602,138	175,097	SH		SOLE		61,104	0	113,993
WESTERN ASSET CLYM INFL OPP CO	MUTUAL FUNDS	95766R104	76,860	8,400	SH		OTR		0	0	8,400
WESTERN ASSET CLYM INFL SEC CO	MUTUAL FUNDS	95766Q106	333,795	38,589	SH		SOLE		19,171	0	19,418
WESTPORT FUEL SYSTEMS INC.	COM	960908309	3,073,529	3,226,802	SH		SOLE		821,980	0	2,404,822
WESTROCK CO COM	COM	96145D105	690,450	22,660	SH		SOLE		9,219	0	13,441
WILLIAMS SONOMA INC COM	COM	969904101	4,731,357	38,890	SH		SOLE		11,550	0	27,340
WILLIAMS SONOMA INC COM	COM	969904101	158,158	1,300	SH		OTR		0	0	1,300
ZIMMER HLDGS INC COM	COM	98956P102	323,000	2,500	SH		SOLE		0	0	2,500

Grace & White 13F-HRQuarterly holdings report by institutional manager