Abbott Laboratories (ABT) COM 002824100 1654630 16116 SH DFND 16116 0 0 Advanced Drainage Systems (WMS COM 00790r104 2093015 15263 SH DFND 15263 0 0 Akamai Technologies, Inc. (AK COM 00971t101 1556677 13554 SH DFND 13554 0 0 Alphabet, Inc. - Cl C (GOOG) COM 02079K107 10963789 38220 SH DFND 38220 0 0 Amazon.com, Inc. (AMZN) COM 023135106 4169982 20022 SH DFND 20022 0 0 Amdocs Ltd (DOX) COM G02602103 3803288 58279 SH DFND 58279 0 0 American Homes 4 Rent REIT (AM COM 02665t306 2673452 95754 SH DFND 95754 0 0 Blackbaud, Inc. (BLKB) COM 09227q100 1985249 51418 SH DFND 51418 0 0 Broadcom Inc. (AVGO) COM 11135f101 307034 992 SH DFND 992 0 0 Cadre Holdings, Inc. (CDRE) COM 12763l105 3041738 99144 SH DFND 99144 0 0 Cannae Holdings Inc. (CNNE) COM 13765n107 786599 69182 SH DFND 69182 0 0 Chubb Limited (CB) COM H1467J104 4183312 12835 SH DFND 12835 0 0 DuPont de Nemours, Inc. (DD) COM 26614n102 3812915 83251 SH DFND 83251 0 0 EMCOR Group, Inc. (EME) COM 29084q100 19582934 26524 SH DFND 26524 0 0 EOG Resources (EOG) COM 26875p101 5959898 41225 SH DFND 41225 0 0 Emerson Electric (EMR) COM 291011104 3412940 26049 SH DFND 26049 0 0 Everpure, Inc. Class A (PSTG) COM 74624m102 801881 13582 SH DFND 13582 0 0 Flex Ltd. (FLEX) COM y2573f102 4584818 70040 SH DFND 70040 0 0 Johnson Controls Int'l plc (JC COM g51502105 12046352 91992 SH DFND 91992 0 0 KBR, Inc. (KBR) COM 48242w106 10297652 279372 SH DFND 279372 0 0 Levi Strauss & Co. Class A (LE COM 52736r102 2419638 130862 SH DFND 130862 0 0 MYR Group, Inc. (MYRG) COM 55405w104 17177478 60844 SH DFND 60844 0 0 Medtronic plc (MDT) COM G5960L103 3153800 36397 SH DFND 36397 0 0 Microsoft Corp. (MSFT) COM 594918104 312794 845 SH DFND 845 0 0 Minerals Technologies Inc. (M COM 603158106 2158663 30438 SH DFND 30438 0 0 Nextera Energy Inc. (NEE) COM 65339f101 4602483 49553 SH DFND 49553 0 0 Nextpower Inc. Class A (NXT) COM 65290e101 8270699 68608 SH DFND 68608 0 0 OceanFirst Financial (OCFC) COM 675234108 525631 29137 SH DFND 29137 0 0 Phillips 66 (PSX) COM 718546104 613764 3369 SH DFND 3369 0 0 Primis Financial Corp. (FRST) COM 74167b109 3589345 270282 SH DFND 270282 0 0 Primo Brands Corporation Class COM 741623102 7353247 390507 SH DFND 390507 0 0 Qnity Electronics Inc. (Q) COM 74743l100 4797505 41580 SH DFND 41580 0 0 Republic Services, Inc. (RSG) COM 760759100 18850394 86067 SH DFND 86067 0 0 Roper Technologies, Inc. (ROP) COM 776696106 919682 2599 SH DFND 2599 0 0 Rush Enterprises Class A (RUSH COM 781846209 1740742 26331 SH DFND 26331 0 0 Rush Enterprises Class B (RUSH COM 781846308 1115057 17328 SH DFND 17328 0 0 Sherwin-Williams Co. (SHW) COM 824348106 1323872 4130 SH DFND 4130 0 0 Shoals Technology Grp, Inc. Cl COM 82489w107 227010 34500 SH DFND 34500 0 0 Shore Bancshares (SHBI) COM 825107105 2604216 139412 SH DFND 139412 0 0 T-Mobile USA, Inc. (TMUS) COM 872590104 4392567 20914 SH DFND 20914 0 0 US Foods Holding Corp. (USFD) COM 912008109 2269565 24613 SH DFND 24613 0 0 United Parcel Service, Inc. (U COM 911312106 1335213 13572 SH DFND 13572 0 0 Vanguard Information Technolog COM 92204a702 223968 321 SH DFND 321 0 0 Visa Inc. - Class A (V) COM 92826c839 3712716 12284 SH DFND 12284 0 0 W. R. Berkley Corp. (WRB) COM 084423102 8490733 128104 SH DFND 128104 0 0 WSFS Financial (WSFS) COM 929328102 1364055 20838 SH DFND 20838 0 0 Wyndham Hotels & Resorts (WH) COM 98311a105 1910855 23524 SH DFND 23524 0 0 Xylem Inc. COM 98419m100 944767 7906 SH DFND 7906 0 0 Ziff Davis, Inc. (ZD) COM 48123v102 3874628 92341 SH DFND 92341 0 0 Zimmer Biomet Holdings, Inc. ( COM 98956p102 3078801 34050 SH DFND 34050 0 0 nVent Electric plc (NVT) COM G6700G107 2655859 22454 SH DFND 22454 0 0 Bandwidth, Inc. CONV 05988JAD5 8138160 9144000 PRN DFND 9144000 0 0 Blackstone Mortgage Trust CONV 09257WAE0 14410440 14556000 PRN DFND 14556000 0 0 DigitalOcean Holdings, Inc. CONV 25402DAB8 512324 526000 PRN DFND 526000 0 0 Lucid Group Inc. CONV 549498AA1 2995313 3195000 PRN DFND 3195000 0 0 MGP Ingredients, Inc. CONV 55303JAB2 14491196 15100000 PRN DFND 15100000 0 0 Pebblebrook Hotel Trust CONV 70509VAA8 12723667 13063000 PRN DFND 13063000 0 0 Pennymac Corp CONV 70932AAH6 2953364 2845000 PRN DFND 2845000 0 0 Redfin Corp. CONV 75737FAE8 10403370 10905000 PRN DFND 10905000 0 0 Sarepta Therapeutics Inc CONV 803607AD2 9953689 10831000 PRN DFND 10831000 0 0 Snap Inc. CONV 83304AAF3 5360790 5665000 PRN DFND 5665000 0 0 Spectrum Brands CONV 84762LAZ8 4539427 4554000 PRN DFND 4554000 0 0