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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
-10.44%
1 Year Est. Return
-15.35%
3 Year Est. Return
-4.39%
5 Year Est. Return
+28.01%
10 Year Est. Return
–
AUM
$179M
AUM Growth
-$34.8M
Cap. Flow
-$9.76M
Cap. Flow %
-5.45%
Top 10 Hldgs %
77.26%
Holding
30
New
5
Increased
6
Reduced
10
Closed
9

Top Buys

Rank Stock Value
1
PRU icon
Prudential Financial
PRU
+$7.51M
2
EMCI
EMC INS Group Inc
EMCI
+$7.42M
3
WTW icon
Willis Towers Watson
WTW
+$7.1M
4
FNHC
FedNat Holding Company Common Stock
FNHC
+$5.07M
5
UVE icon
Universal Insurance Holdings
UVE
+$426K

Top Sells

Rank Stock Value
1
AIZ icon
Assurant
AIZ
+$10.8M
2
AGO icon
Assured Guaranty
AGO
+$8.73M
3
AEL
American Equity Investment Life Holding Company
AEL
+$3.7M
4
ATH
Athene Holding Ltd. Class A Common Shares
ATH
+$2.89M
5
ORI icon
Old Republic International
ORI
+$2.06M

Sector Composition

Rank Sector Weight
1 Financials 86.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HCI icon
26
HCI Group
HCI
$2.27B
– –
-15,999
Closed -$700K
KG
27
Kestrel Group
KG
$72M
– –
-25,705
Closed -$1.47M
TRV icon
28
Travelers Companies
TRV
$78.5B
– –
-1,700
Closed -$221K
VOYA icon
29
CALL
Voya Financial
VOYA
$9.04B
– –
-100,000
Closed -$4.97M
AEL
30
DELISTED
American Equity Investment Life Holding Company
AEL
– –
-104,673
Closed -$3.7M
1
2

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M
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SBA
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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 Q4 2018 Portfolio in Review

As of Q4 2018, Capital Returns Management held 30 positions worth $179M, down 16% from $214M the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Capital Returns Management withdrew a net $9.76M in Q4 2018, closing 9 positions and reducing 10 holdings. Its most notable exit was Assurant, an estimated $10.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 86% of assets, down from 88% a quarter earlier.

Against the trend, Capital Returns Management opened a new position in EMC INS Group Inc worth $8.52M.

  • Capital Returns Management's largest Q4 2018 buy was EMC INS Group Inc: 267,367 shares worth $8.52M.
  • Capital Returns Management added most to Prudential Financial in Q4 2018, an estimated $7.51M increase.
  • Capital Returns Management's biggest Q4 2018 reduction was Assured Guaranty, cutting an estimated $8.73M.
  • Capital Returns Management fully exited Assurant in Q4 2018, selling an estimated $10.8M.
  • Capital Returns Management's ten largest holdings make up 77% of its $179M portfolio in Q4 2018.
  • Capital Returns Management opened 5 new positions and closed 9 in Q4 2018.
  • Capital Returns Management's portfolio value fell 16% quarter-over-quarter to $179M.

Based on Capital Returns Management's 13F filing for Q4 2018, filed 13 Feb 2019.