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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
+0.69%
1 Year Est. Return
-15.35%
3 Year Est. Return
-4.39%
5 Year Est. Return
+28.01%
10 Year Est. Return
–
AUM
$296M
AUM Growth
-$31.9M
(-9.7%)
Cap. Flow
-$27.4M
Cap. Flow
% of AUM
-9.25%
Top 10 Holdings %
Top 10 Hldgs %
76.01%
Holding
33
New
12
Increased
4
Reduced
11
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AEL
American Equity Investment Life Holding Company
AEL
|
+$14.3M |
| 2 |
Hartford Financial Services
HIG
|
+$7.25M |
| 3 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$5.93M |
| 4 |
AFH
Atlas Financial Holdings, Inc. Ordinary Shares
AFH
|
+$4.05M |
| 5 |
OSG
Octave Specialty Group
OSG
|
+$3.17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Allstate
ALL
|
+$12.2M |
| 2 |
Brown & Brown
BRO
|
+$11.5M |
| 3 |
MetLife
MET
|
+$10.4M |
| 4 |
Mercury Insurance
MCY
|
+$5.11M |
| 5 |
Old Republic International
ORI
|
+$4.72M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 90.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Manulife Financial
MFC
$72.1B
| $541K | 0.18% |
+30,100
| New | +$567K |
|
27
Ameriprise Financial
AMP
$47.5B
| $528K | 0.18% |
+3,772
| New | +$535K |
|
|
28
Allstate
ALL
$64.3B
| – | – |
-128,333
| Closed | -$12.2M |
|
29
CALL
Brighthouse Financial
BHF
$3.77B
| – | – |
-200,000
| Closed | -$10.3M |
|
|
30
Brown & Brown
BRO
$23.5B
| – | – |
-452,916
| Closed | -$11.5M |
|
31
Genworth Financial
GNW
$3.86B
| – | – |
-476,525
| Closed | -$1.35M |
|
32
MBIA
MBI
$333M
| – | – |
-180,405
| Closed | -$1.67M |
|
|
EMCI
33
DELISTED
EMC INS Group Inc
EMCI
| – | – |
-117,462
| Closed | -$3.18M |
|
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Capital Returns Management's Q2 2018 Portfolio in Review
As of Q2 2018, Capital Returns Management held 33 positions worth $296M, down 9.7% from $328M the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Capital Returns Management withdrew a net $27.4M in Q2 2018, closing 6 positions and reducing 11 holdings. Its most notable exit was Allstate, an estimated $12.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 90% of assets, down from 92% a quarter earlier.
Against the trend, Capital Returns Management opened a new position in American Equity Investment Life Holding Company worth $16M.
- Capital Returns Management's largest Q2 2018 buy was American Equity Investment Life Holding Company: 443,511 shares worth $16M.
- Capital Returns Management added most to Hartford Financial Services in Q2 2018, an estimated $7.25M increase.
- Capital Returns Management's biggest Q2 2018 reduction was MetLife, cutting an estimated $10.4M.
- Capital Returns Management fully exited Allstate in Q2 2018, selling an estimated $12.2M.
- Capital Returns Management's ten largest holdings make up 76% of its $296M portfolio in Q2 2018.
- Capital Returns Management opened 12 new positions and closed 6 in Q2 2018.
- Capital Returns Management's portfolio value fell 9.7% quarter-over-quarter to $296M.
Based on Capital Returns Management's 13F filing for Q2 2018, filed 14 Aug 2018.