# EDGAR Filing Document

**Accession Number:** 0001546592
**File Stem:** 0001104659-26-061134
**Filing Date:** 2026-5
**Character Count:** 8694
**Document Hash:** 99ad529cb29b36c3213e46176cc08c8a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-061134.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001104659-26-061134

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**EFFECTIVENESS DATE**: 20260514

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PARK CIRCLE Co
- **CENTRAL INDEX KEY:** 0001546592

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16190
- **FILM NUMBER:** 26978550

**BUSINESS ADDRESS:**
- **STREET 1:** 1829 REISTERSTOWN ROAD
- **STREET 2:** SUITE 140
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21208
- **BUSINESS PHONE:** 410 484 0600

**MAIL ADDRESS:**
- **STREET 1:** 1829 REISTERSTOWN ROAD
- **STREET 2:** SUITE 140
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21208

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** PARK CIRCLE Co<br>**Address:** 1829 REISTERSTOWN ROAD<br>SUITE 140<br>BALTIMORE, MD 21208

**Form 13F File Number:** 028-16190

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Thomas J. Karwacki<br>**Title:** Treasurer<br>**Phone:** 410-484-0605

**Signature, Place, and Date of Signing:**

/s/ Thomas J. Karwacki  Baltimore, MD  05-14-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[x] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 51

**Form 13F Information Table Value Total:** $107963598

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

|   No. | Name            | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | DF DENT  CO INC | 028-03691              |  |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADT INC | COM | 00090Q103 |  | 45635 | 6946 | SH |  | SOLE |  | 6946 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 14331504 | 65895 | SH |  | SOLE |  | 65895 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 5678440 | 86050 | SH |  | SOLE |  | 86050 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 2766311 | 10900 | SH |  | SOLE |  | 10900 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 |  | 423000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ARES CAP CORP | COM | 04010L103 |  | 360400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| BANK NOVA SCOTIA HALIFAX | COM | 064149107 |  | 727755 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| BLACKSTONE GROUP LP | COM UNIT LTD | 09253U108 |  | 1092405 | 9500 | SH |  | SOLE |  | 9500 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO | COM | 110122108 |  | 709605 | 11700 | SH |  | SOLE |  | 11700 | 0 | 0 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 |  | 908238 | 9300 | SH |  | SOLE |  | 9300 | 0 | 0 |
| CDN IMPERIAL BK COMM TORONTO | COM | 136069101 |  | 2653000 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| COLUMBIA BKG SYS INC | COM | 197236102 |  | 1492192 | 54400 | SH |  | SOLE |  | 54400 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 725476 | 13400 | SH |  | SOLE |  | 13400 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2284981 | 13468 | SH |  | SOLE |  | 13468 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES | COM | 36266G107 |  | 207590 | 2916 | SH |  | SOLE |  | 2916 | 0 | 0 |
| GOLDMAN SACHS GROUP | COM | 38141G104 |  | 8074975 | 9545 | SH |  | SOLE |  | 9545 | 0 | 0 |
| HASBRO INC | COM | 418056107 |  | 936000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1720969 | 7100 | SH |  | SOLE |  | 7100 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 382408 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 1638543 | 32485 | SH |  | SOLE |  | 32485 | 0 | 0 |
| MOELIS  CO | CL A | 60786M105 |  | 2842932 | 49876 | SH |  | SOLE |  | 49876 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 528200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| OLD REP INTL CORP | COM | 680223104 |  | 3152100 | 79000 | SH |  | SOLE |  | 79000 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 2603278 | 15745 | SH |  | SOLE |  | 15745 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 3428708 | 122105 | SH |  | SOLE |  | 122105 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 3969856 | 44041 | SH |  | SOLE |  | 44041 | 0 | 0 |
| PRUDENTIAL FINANCIAL INC | COM | 744320102 |  | 1146881 | 11740 | SH |  | SOLE |  | 11740 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 77268 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| SCOTTS MIRACLE - GRO CO | CL A | 810186106 |  | 475534 | 7820 | SH |  | SOLE |  | 7820 | 0 | 0 |
| SHOPIFY INC | CL A | 82509L107 |  | 77103 | 650 | SH |  | SOLE |  | 650 | 0 | 0 |
| SIXTH STREET SPECIALITY LENDN | COM | 83012A109 |  | 737865 | 40145 | SH |  | SOLE |  | 40145 | 0 | 0 |
| S L GREEN RLTY CORP | COM | 78440X887 |  | 387870 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 6147666 | 68620 | SH |  | SOLE |  | 68620 | 0 | 0 |
| SUBURBAN PROPANE PARTNERS L | UNIT LTD PARTN | 864482104 |  | 650100 | 33000 | SH |  | SOLE |  | 33000 | 0 | 0 |
| SUNOCO LP / SUNOCO FIN CORP | COM UT REP LP | 86765K109 |  | 2361660 | 36350 | SH |  | SOLE |  | 36350 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 11543528 | 39876 | SH |  | SOLE |  | 39876 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 2174123 | 23300 | SH |  | SOLE |  | 23300 | 0 | 0 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 909800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 1024441 | 22285 | SH |  | SOLE |  | 22285 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 8601268 | 171340 | SH |  | SOLE |  | 171340 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 1234237 | 2764 | SH |  | SOLE |  | 2764 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 899277 | 103010 | SH |  | SOLE |  | 103010 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 309510 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| DESKTOP METAL INC | COM CL A | 25058X105 |  | 992 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| ETSY INC | COM | 29786A106 |  | 124950 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 131656 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 2441600 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| NVIDIA CORP | COM | 67066G904 |  | 523200 | 3000 | SH | Call | SOLE |  | 3000 | 0 | 0 |
| NVIDIA CORP | COM | 67066G954 |  | 2180000 | 12500 | SH | Put | SOLE |  | 12500 | 0 | 0 |
| PALANTIR TECHNOLOGIES | CL A COM | 69608A108 |  | 73140 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 45428 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |

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