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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
+0.52%
1 Year Est. Return
-15.35%
3 Year Est. Return
-4.39%
5 Year Est. Return
+28.01%
10 Year Est. Return
–
AUM
$115M
AUM Growth
+$6.3M
(+5.8%)
Cap. Flow
+$5.9M
Cap. Flow
% of AUM
5.11%
Top 10 Holdings %
Top 10 Hldgs %
66.42%
Holding
22
New
2
Increased
12
Reduced
6
Closed
2
Top Buys
| 1 |
Radian Group
RDN
|
+$4.42M |
| 2 |
Prudential Financial
PRU
|
+$2.98M |
| 3 |
Global Indemnity Group
GBLI
|
+$2.86M |
| 4 |
Employers Holdings
EIG
|
+$2.36M |
| 5 |
Assured Guaranty
AGO
|
+$2.34M |
Top Sells
| 1 |
AFSI
AmTrust Financial Services, Inc.
AFSI
|
+$9.64M |
| 2 |
CNA Financial
CNA
|
+$3.29M |
| 3 |
XL
XL Group Ltd.
XL
|
+$2.13M |
| 4 |
Voya Financial
VOYA
|
+$2M |
| 5 |
FNHC
FedNat Holding Company Common Stock
FNHC
|
+$1.99M |
Sector Composition
| 1 | Financials | 96.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Assured Guaranty
AGO
$3.76B
| $9.89M | 8.57% |
390,450
+99,084
| +34% | +$2.34M |
|
2
Allstate
ALL
$64.3B
| $9.15M | 7.93% |
161,789
+7,800
| +5% | +$418K |
|
|
3
Prudential Financial
PRU
$41.4B
| $8.23M | 7.13% |
97,200
+34,600
| +55% | +$2.98M |
|
4
MetLife
MET
$60.5B
| $8.12M | 7.04% |
172,610
+37,924
| +28% | +$1.74M |
|
|
5
Global Indemnity Group
GBLI
$400M
| $7.87M | 6.82% |
298,878
+113,366
| +61% | +$2.86M |
|
6
Erie Indemnity
ERIE
$11.9B
| $7.4M | 6.41% |
106,066
+18,821
| +22% | +$1.32M |
|
|
7
Radian Group
RDN
$5.24B
| $7.39M | 6.41% |
491,947
+289,942
| +144% | +$4.42M |
|
|
XL
8
DELISTED
XL Group Ltd.
XL
| $6.72M | 5.82% |
215,021
-71,420
| -25% | -$2.13M |
|
|
PRA
9
DELISTED
ProAssurance
PRA
| $6.17M | 5.35% |
138,483
+48,880
| +55% | +$2.23M |
|
|
10
CNA Financial
CNA
$14.1B
| $5.69M | 4.93% |
133,168
-79,145
| -37% | -$3.29M |
|
11
Chubb
CB
$137B
| $5.33M | 4.62% |
53,850
-8,700
| -14% | -$844K |
|
12
Reinsurance Group of America
RGA
$15.8B
| $5.13M | 4.45% |
64,456
+3,100
| +5% | +$235K |
|
13
Brown & Brown
BRO
$23.5B
| $5.12M | 4.44% |
332,994
+56,000
| +20% | +$860K |
|
14
Hartford Financial Services
HIG
$38.4B
| $4.79M | 4.15% |
135,676
+55,759
| +70% | +$1.94M |
|
|
FNHC
15
DELISTED
FedNat Holding Company Common Stock
FNHC
| $3.89M | 3.37% |
212,464
-139,242
| -40% | -$1.99M |
|
16
Arthur J. Gallagher & Co
AJG
$65.2B
| $3.78M | 3.28% |
79,480
-6,200
| -7% | -$289K |
|
|
STFC
17
DELISTED
State Auto Financial Corp
STFC
| $3.17M | 2.75% |
148,814
+4,982
| +3% | +$104K |
|
|
EMCI
18
DELISTED
EMC INS Group Inc
EMCI
| $3.15M | 2.73% |
133,166
-130
| -0.1% | -$2.65K |
|
|
PL
19
DELISTED
PROTECTIVE LIFE CORP
PL
| $2.32M | 2.01% |
+44,096
| New | +$2.26M |
|
|
20
Employers Holdings
EIG
$918M
| $2.06M | 1.78% |
+101,595
| New | +$2.36M |
|
|
21
Voya Financial
VOYA
$9.04B
| – | – |
-56,800
| Closed | -$2M |
|
|
AFSI
22
DELISTED
AmTrust Financial Services, Inc.
AFSI
| – | – |
-589,774
| Closed | -$9.64M |
|
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Capital Returns Management's Q1 2014 Portfolio in Review
As of Q1 2014, Capital Returns Management held 22 positions worth $115M, up 5.8% from $109M the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Capital Returns Management deployed $5.9M of net new capital in Q1 2014, opening 2 new positions and adding to 12 existing holdings. Its largest new stake was Employers Holdings: 101,595 shares worth $2.06M.
By sector, the portfolio is most concentrated in Financials at 97% of assets, up from 86% a quarter earlier.
On the sell side, the largest reduction was CNA Financial, an estimated $3.29M trimmed.
- Capital Returns Management's largest Q1 2014 buy was Employers Holdings: 101,595 shares worth $2.06M.
- Capital Returns Management added most to Radian Group in Q1 2014, an estimated $4.42M increase.
- Capital Returns Management's biggest Q1 2014 reduction was CNA Financial, cutting an estimated $3.29M.
- Capital Returns Management fully exited AmTrust Financial Services, Inc. in Q1 2014, selling an estimated $9.64M.
- Capital Returns Management's ten largest holdings make up 66% of its $115M portfolio in Q1 2014.
- Capital Returns Management opened 2 new positions and closed 2 in Q1 2014.
- Capital Returns Management's portfolio value rose 5.8% quarter-over-quarter to $115M.
Based on Capital Returns Management's 13F filing for Q1 2014, filed 15 May 2014.