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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
+6.11%
1 Year Est. Return
-15.35%
3 Year Est. Return
-4.39%
5 Year Est. Return
+28.01%
10 Year Est. Return
–
AUM
$176M
AUM Growth
-$11.1M
(-5.9%)
Cap. Flow
-$20.9M
Cap. Flow
% of AUM
-11.9%
Top 10 Holdings %
Top 10 Hldgs %
82.97%
Holding
31
New
7
Increased
7
Reduced
9
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Arthur J. Gallagher & Co
AJG
|
+$6.26M |
| 2 |
BFYT
Benefytt Technologies, Inc. Class A Common Stock
BFYT
|
+$6.11M |
| 3 |
Markel Group
MKL
|
+$4.98M |
| 4 |
Assured Guaranty
AGO
|
+$4.54M |
| 5 |
FG
FGL Holdings Ordinary Shares
FG
|
+$3.77M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMCI
EMC INS Group Inc
EMCI
|
+$13M |
| 2 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$8.94M |
| 3 |
Assurant
AIZ
|
+$8.09M |
| 4 |
American International
AIG
|
+$7.97M |
| 5 |
AEL
American Equity Investment Life Holding Company
AEL
|
+$3.62M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 94.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
MGIC Investment
MTG
$6.23B
| – | – |
-8,722
| Closed | -$115K |
|
27
Radian Group
RDN
$5.24B
| – | – |
-24,946
| Closed | -$517K |
|
28
RenaissanceRe
RNR
$13.8B
| – | – |
-3,067
| Closed | -$440K |
|
|
AEL
29
DELISTED
American Equity Investment Life Holding Company
AEL
| – | – |
-134,019
| Closed | -$3.62M |
|
|
ATH
30
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| – | – |
-219,167
| Closed | -$8.94M |
|
|
EMCI
31
DELISTED
EMC INS Group Inc
EMCI
| – | – |
-407,698
| Closed | -$13M |
|
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Capital Returns Management's Q2 2019 Portfolio in Review
As of Q2 2019, Capital Returns Management held 31 positions worth $176M, down 5.9% from $187M the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Capital Returns Management withdrew a net $20.9M in Q2 2019, closing 8 positions and reducing 9 holdings. Its most notable exit was EMC INS Group Inc, an estimated $13M position sold in full.
By sector, the portfolio is most concentrated in Financials at 95% of assets, up from 95% a quarter earlier.
Against the trend, Capital Returns Management opened a new position in FGL Holdings Ordinary Shares worth $3.78M.
- Capital Returns Management's largest Q2 2019 buy was FGL Holdings Ordinary Shares: 450,000 shares worth $3.78M.
- Capital Returns Management added most to Arthur J. Gallagher & Co in Q2 2019, an estimated $6.26M increase.
- Capital Returns Management's biggest Q2 2019 reduction was American International, cutting an estimated $7.97M.
- Capital Returns Management fully exited EMC INS Group Inc in Q2 2019, selling an estimated $13M.
- Capital Returns Management's ten largest holdings make up 83% of its $176M portfolio in Q2 2019.
- Capital Returns Management opened 7 new positions and closed 8 in Q2 2019.
- Capital Returns Management's portfolio value fell 5.9% quarter-over-quarter to $176M.
Based on Capital Returns Management's 13F filing for Q2 2019, filed 14 Aug 2019.