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Capital Returns Management Portfolio holdings

AUM $38.7M
1-Year Est. Return 15.35%
This Fund
S&P 500
This Quarter Est. Return
+13.07%
1 Year Est. Return
-15.35%
3 Year Est. Return
-4.39%
5 Year Est. Return
+28.01%
10 Year Est. Return
–
AUM
$38.7M
AUM Growth
-$4.62M
Cap. Flow
-$8.12M
Cap. Flow %
-20.97%
Top 10 Hldgs %
94.87%
Holding
13
New
2
Increased
3
Reduced
5
Closed
1

Top Buys

1
FFG
FBL Financial Group
FFG
+$2.95M
2
PROS
ProSight Global, Inc.
PROS
+$2.21M
3
ARGO
Argo Group International Holdings, Ltd.
ARGO
+$457K
4
PTVCB
Protective Insurance Corporation Class B Common Stock
PTVCB
+$150K
5
PTVCA
Protective Insurance Corporation Class A Common Stock
PTVCA
+$79.8K

Top Sells

1
BFYT
Benefytt Technologies, Inc. Class A Common Stock
BFYT
+$7.67M
2
ACGL icon
Arch Capital
ACGL
+$2.29M
3
RNR icon
RenaissanceRe
RNR
+$1.5M
4
WTRE
Watford Holdings Ltd. Common Shares
WTRE
+$1.37M
5
ESGR
Enstar Group
ESGR
+$681K

Sector Composition

1 Financials 90.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WTRE
1
DELISTED
Watford Holdings Ltd. Common Shares
WTRE
$9.84M 25.4%
428,902
-74,718
-15% -$1.37M
ARGO
2
DELISTED
Argo Group International Holdings, Ltd.
ARGO
$4.79M 12.36%
139,004
+13,101
+10% +$457K
FFG
3
DELISTED
FBL Financial Group
FFG
$3.57M 9.22%
+74,107
New +$2.95M
JRVR icon
4
James River Group Holdings
JRVR
$212M
$3.56M 9.2%
80,000
-10,000
-11% -$466K
CB icon
5
Chubb
CB
$137B
$3.48M 9%
30,000
– –
PROS
6
DELISTED
ProSight Global, Inc.
PROS
$2.72M 7.01%
+239,566
New +$2.21M
PTVCB
7
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
$2.69M 6.95%
205,000
+10,437
+5% +$150K
ACGL icon
8
Arch Capital
ACGL
$35.4B
$2.19M 5.66%
75,000
-75,000
-50% -$2.29M
VOYA icon
9
Voya Financial
VOYA
$9.04B
$1.96M 5.06%
40,901
– –
ESGR
10
DELISTED
Enstar Group
ESGR
$1.94M 5%
12,000
-4,000
-25% -$681K
RNR icon
11
RenaissanceRe
RNR
$13.8B
$1.61M 4.16%
9,500
-8,500
-47% -$1.5M
PTVCA
12
DELISTED
Protective Insurance Corporation Class A Common Stock
PTVCA
$375K 0.97%
26,774
+5,099
+24% +$79.8K
BFYT
13
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
– –
-375,000
Closed -$7.67M

Similar funds

RA
Resource America New York $40M AUM 20.54% 1-Year Est. Return
M
MRCap Roslyn, New York $35.5M AUM 5.63% 1-Year Est. Return
SBA
Secrest Blakey & Associates Raleigh, North Carolina $43.7M AUM 1.11% 1-Year Est. Return
AI
AIA International Hong Kong $33.1M AUM 66.21% 1-Year Est. Return
NVPX
Norwest Venture Partners XI Palo Alto, California $32.1M AUM 15.68% 1-Year Est. Return
NGA
New Generation Advisors Manchester, Massachusetts $45.6M AUM 15.43% 1-Year Est. Return
MCG
Meru Capital Group New York $30.6M AUM 28.7% 1-Year Est. Return
OAM
Orinda Asset Management Lafayette, California $48.7M AUM 26.85% 1-Year Est. Return

Capital Returns Management's Q3 2020 Portfolio in Review

As of Q3 2020, Capital Returns Management held 13 positions worth $38.7M, down 11% from $43.4M the previous quarter. Its ten largest holdings account for 95% of the portfolio.

Capital Returns Management withdrew a net $8.12M in Q3 2020, closing 1 position and reducing 5 holdings. Its most notable exit was Benefytt Technologies, Inc. Class A Common Stock, an estimated $7.67M position sold in full.

By sector, the portfolio is most concentrated in Financials at 91% of assets, down from 100% a quarter earlier.

Against the trend, Capital Returns Management opened a new position in FBL Financial Group worth $3.57M.

  • Capital Returns Management's largest Q3 2020 buy was FBL Financial Group: 74,107 shares worth $3.57M.
  • Capital Returns Management added most to Argo Group International Holdings, Ltd. in Q3 2020, an estimated $457K increase.
  • Capital Returns Management's biggest Q3 2020 reduction was Arch Capital, cutting an estimated $2.29M.
  • Capital Returns Management fully exited Benefytt Technologies, Inc. Class A Common Stock in Q3 2020, selling an estimated $7.67M.
  • Capital Returns Management's ten largest holdings make up 95% of its $38.7M portfolio in Q3 2020.
  • Capital Returns Management opened 2 new positions and closed 1 in Q3 2020.
  • Capital Returns Management's portfolio value fell 11% quarter-over-quarter to $38.7M.

Based on Capital Returns Management's 13F filing for Q3 2020, filed 16 Nov 2020.