<SEC-DOCUMENT>0000903064-23-000001.txt : 20230106
<SEC-HEADER>0000903064-23-000001.hdr.sgml : 20230106
<ACCEPTANCE-DATETIME>20230106163018
ACCESSION NUMBER:		0000903064-23-000001
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230106
DATE AS OF CHANGE:		20230106

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Orion Group Holdings Inc
		CENTRAL INDEX KEY:			0001402829
		STANDARD INDUSTRIAL CLASSIFICATION:	HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600]
		IRS NUMBER:				260097459
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-83674
		FILM NUMBER:		23515447

	BUSINESS ADDRESS:	
		STREET 1:		12000 AEROSPACE SUITE 300
		CITY:			Houston
		STATE:			TX
		ZIP:			77034
		BUSINESS PHONE:		713-852-6500

	MAIL ADDRESS:	
		STREET 1:		12000 AEROSPACE SUITE 300
		CITY:			Houston
		STATE:			TX
		ZIP:			77034

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Orion Marine Group Inc
		DATE OF NAME CHANGE:	20070612

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRACE & WHITE INC /NY
		CENTRAL INDEX KEY:			0000903064
		IRS NUMBER:				132884675
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		515 MADISON AVE
		STREET 2:		SUITE 1700
		CITY:			NY
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2129355990

	MAIL ADDRESS:	
		STREET 1:		515 MADISON AVE
		STREET 2:		SUITE 1700
		CITY:			NY
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>orn13ga1222.txt
<DESCRIPTION>GRACE & WHITE, INC ORN 13GA 12/31/22
<TEXT>







                                 UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549



                                 SCHEDULE 13G/A
                                    12/31/22

                   Under the Securities Exchange Act of 1934
                             (Amendment No.1)


                          ORION GROUP HOLDINGS, INC.
                               (Name of Issuer)

                       Common Stock, $0.01 par value
                        (Title of Class of Securities)


                                  68628V308
                                (CUSIP Number)


Check the following box if a fee is being paid with this
statement [    ].  (A
fee is not required only if the filing person:  (1) has a
previous statement on
file reporting beneficial ownership of more than five
percent of the class of
securities described in Item 1; and (2) has filed no
amendment subsequent
thereto reporting beneficial ownership of five percent or
less of such class.)
(See Rule 13d-7).

*The remainder of this cover page shall be filled out for a
reporting person's
initial filing on this form with respect to the subject
class of securities, and
for any subsequent amendment containing information which
would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page
shall not be deemed
to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that
section of the Act
but shall be subject to all other provisions of the Act
(however, see the
Notes).



                               Page 1 of 5 pages

- - --------------------------------------------
  CUSIP NO. 68628V308      13G
PAGE 2 OF 5 PAGES
- - -----------------------
- --------------------

- - ----------------------------------------------------------
- --------------------
      NAME OF REPORTING PERSON
 1    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      GRACE & WHITE, INC.

      #13-2884675
- - ----------------------------------------------------------
- --------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2
(a) [_]

(b) [_]

- - ----------------------------------------------------------
- --------------------
      SEC USE ONLY
 3


- - ----------------------------------------------------------
- --------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4

      NEW YORK, U.S.A.
- - ----------------------------------------------------------
- --------------------
                          SOLE VOTING POWER
                     5
     NUMBER OF
                          421,507
      SHARES       -----------------------------------------
- ------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6

     OWNED BY             NONE
                   -----------------------------------------
- ------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING
                          1,551,839
      PERSON       -----------------------------------------
- ------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          NONE
- - ----------------------------------------------------------
- --------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
     PERSON
 9
          1,551,839
- - ----------------------------------------------------------
- --------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
      CERTAIN SHARES*
10

[_]

- - ----------------------------------------------------------
- --------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11

     4.84%
- - ----------------------------------------------------------
- --------------------
      TYPE OF REPORTING PERSON*
12
      IA.
- - --------------
CUSIP NUMBER   68628V308
- -----------------

             Page 3 Of 5 Pages

Item 1.
    (a) Name of Issuer:  Orion Group Holdings, Inc.
        --------------


    (b) Address of Issuer's Principal Executive Offices:
        -----------------------------------------------
        12000 Aerospace Ave. Suite 300
	Houston, Texas 77034

Item 2.
    (a) Name of Person Filing:    Grace & White, Inc.
        ---------------------


    (b) Address of Principal Business Office:
        ------------------------------------
        Grace & White, Inc.
        515 Madison Ave., Suite 1700
        New York, New York 10022


    (c) Citizenship:       New York Corporation
        -----------

    (d) Title of Class of Securities:  Common Stock, $0.01 par value per share
        ----------------------------

    (e) CUSIP Number: 68628V308

        ------------

Item 3. If this statement is filed pursuant to Rule 13d-
1(b),
        ---------------------------------------------------
- -
        or 13d-2(b), check whether the person filing is a:
        ---------------------------------------------------
 (e) X  Investment adviser registered under Section 203 of
    --- the Investment Advisers Act of 1940.

Item 4. Ownership.
        ---------

    (a) Amount beneficially owned:
        --------------------------
        The shares of Common Stock beneficially owned by
        Grace & White, Inc. by this Schedule amount to
        1,551,839 shares.

    (b) Percent of Class:
        -----------------
        4.84%

    (c) For information on voting and dispositive power with
        above listed shares, see Items 5-8 of the Cover Page.


Item 5. Ownership of Five Percent or Less of a Class.
        --------------------------------------------
        This statement is being filed to report the fact that
        as of December 31, 2022 Grace & White, Inc. has ceased to be
        the beneficial owner of more than five percent of the
        common stock.



Item 6. Ownership of more than Five Percent on Behalf of
        Another Person
        ----------------------------------------------------
         N/A


Item 7. Identification and Classification of the Subsidiary
        Which Acquired the Security Being Reported on
        By the Parent Holding Company.
      -------------------------------------------------------

        N/A.

Item 8. Identification and Classification of Members of the
        Group.
        ----------------------------------------------------

        N/A

Item 9. Notice of Dissolution of Group.
        ------------------------------

        N/A.

Item 10.  Certification.
          -------------

     By signing below, I certify that, to the best of my
     knowledge and belief, the securities referred to above
     were acquired in the ordinary course of business and
     were not acquired for the purpose of and do not have
     the effect of changing or influencing the control of
     the issuer of such securities and were not acquired in
     connection with or as a participant in any transaction
     having such purposes or effect.

                             SIGNATURE

     After reasonable inquiry and to the best of my
     knowledge and belief, I certify that the information
     set forth in this statement is true, complete and correct.

DATE: January 6, 2023

                           Grace & White, Inc.

                           By:/s/ MARC E. RAVITZ
                               -----------------
                                 Marc E. Ravitz, CFA
                                 Executive Vice President







</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>