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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
-6.5%
1 Year Est. Return
-15.35%
3 Year Est. Return
-4.39%
5 Year Est. Return
+28.01%
10 Year Est. Return
–
AUM
$238M
AUM Growth
+$59.7M
(+34%)
Cap. Flow
+$74.7M
Cap. Flow
% of AUM
31.42%
Top 10 Holdings %
Top 10 Hldgs %
60.64%
Holding
33
New
10
Increased
12
Reduced
2
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lincoln National
LNC
|
+$18.5M |
| 2 |
Safety Insurance
SAFT
|
+$16.3M |
| 3 |
Chubb
CB
|
+$15M |
| 4 |
Unum
UNM
|
+$14.1M |
| 5 |
MetLife
MET
|
+$7.68M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PRE
PARTNERRE LTD
PRE
|
+$13.6M |
| 2 |
Hartford Financial Services
HIG
|
+$9.91M |
| 3 |
RenaissanceRe
RNR
|
+$9.57M |
| 4 |
Y
Alleghany Corp
Y
|
+$8.42M |
| 5 |
AXIS Capital
AXS
|
+$6.51M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 85.42% |
| 2 | Industrials | 2.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
AXIS Capital
AXS
$8.46B
| – | – |
-121,900
| Closed | -$6.51M |
|
|
27
Hartford Financial Services
HIG
$38.4B
| – | – |
-238,376
| Closed | -$9.91M |
|
28
MBIA
MBI
$333M
| – | – |
-815,300
| Closed | -$4.9M |
|
|
29
RenaissanceRe
RNR
$13.8B
| – | – |
-94,299
| Closed | -$9.57M |
|
|
Y
30
DELISTED
Alleghany Corp
Y
| – | – |
-17,961
| Closed | -$8.42M |
|
|
PRE
31
CALL
DELISTED
PARTNERRE LTD
PRE
| – | – |
-24,500
| Closed | -$3.15M |
|
|
PRE
32
DELISTED
PARTNERRE LTD
PRE
| – | – |
-105,850
| Closed | -$13.6M |
|
|
SYA
33
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| – | – |
-115,000
| Closed | -$2.78M |
|
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Capital Returns Management's Q3 2015 Portfolio in Review
As of Q3 2015, Capital Returns Management held 33 positions worth $238M, up 34% from $178M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Capital Returns Management deployed $74.7M of net new capital in Q3 2015, opening 10 new positions and adding to 12 existing holdings. Its largest new stake was Lincoln National: 345,178 shares worth $16.4M.
By sector, the portfolio is most concentrated in Financials at 85% of assets, down from 96% a quarter earlier, followed by Industrials.
On the sell side, the largest reduction was ProAssurance, an estimated $1.03M trimmed.
- Capital Returns Management's largest Q3 2015 buy was Lincoln National: 345,178 shares worth $16.4M.
- Capital Returns Management added most to MetLife in Q3 2015, an estimated $7.68M increase.
- Capital Returns Management's biggest Q3 2015 reduction was ProAssurance, cutting an estimated $1.03M.
- Capital Returns Management fully exited PARTNERRE LTD in Q3 2015, selling an estimated $13.6M.
- Capital Returns Management's ten largest holdings make up 61% of its $238M portfolio in Q3 2015.
- Capital Returns Management opened 10 new positions and closed 9 in Q3 2015.
- Capital Returns Management's portfolio value rose 34% quarter-over-quarter to $238M.
Based on Capital Returns Management's 13F filing for Q3 2015, filed 16 Nov 2015.