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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
-1.85%
1 Year Est. Return
-15.35%
3 Year Est. Return
-4.39%
5 Year Est. Return
+28.01%
10 Year Est. Return
–
AUM
$135M
AUM Growth
+$17.1M
(+15%)
Cap. Flow
+$18.4M
Cap. Flow
% of AUM
13.63%
Top 10 Holdings %
Top 10 Hldgs %
70.27%
Holding
23
New
5
Increased
12
Reduced
4
Closed
2
Top Buys
| 1 |
FNHC
FedNat Holding Company Common Stock
FNHC
|
+$7.34M |
| 2 |
Genworth Financial
GNW
|
+$6.49M |
| 3 |
Radian Group
RDN
|
+$3.16M |
| 4 |
PL
PROTECTIVE LIFE CORP
PL
|
+$2.78M |
| 5 |
Hartford Financial Services
HIG
|
+$1.34M |
Top Sells
| 1 |
XL
XL Group Ltd.
XL
|
+$4.26M |
| 2 |
Prudential Financial
PRU
|
+$1.31M |
| 3 |
MetLife
MET
|
+$1.19M |
| 4 |
SiriusPoint
SPNT
|
+$1.15M |
| 5 |
Employers Holdings
EIG
|
+$797K |
Sector Composition
| 1 | Financials | 93.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PL
1
DELISTED
PROTECTIVE LIFE CORP
PL
| $13M | 9.64% |
187,929
+40,106
| +27% | +$2.78M |
|
2
Allstate
ALL
$64.3B
| $10.5M | 7.75% |
170,889
+9,100
| +6% | +$546K |
|
3
Arthur J. Gallagher & Co
AJG
$65.2B
| $10.3M | 7.6% |
226,680
+12,200
| +6% | +$561K |
|
4
Global Indemnity Group
GBLI
$400M
| $10.1M | 7.48% |
400,976
+32,408
| +9% | +$839K |
|
5
Assured Guaranty
AGO
$3.76B
| $10M | 7.42% |
452,850
+11,400
| +3% | +$265K |
|
|
6
Hartford Financial Services
HIG
$38.4B
| $9.41M | 6.96% |
252,676
+37,000
| +17% | +$1.34M |
|
|
FNHC
7
DELISTED
FedNat Holding Company Common Stock
FNHC
| $8.74M | 6.46% |
+311,016
| New | +$7.34M |
|
|
8
Prudential Financial
PRU
$41.4B
| $7.7M | 5.69% |
87,500
-14,700
| -14% | -$1.31M |
|
9
Erie Indemnity
ERIE
$11.9B
| $7.68M | 5.68% |
101,266
-4,800
| -5% | -$362K |
|
|
PRA
10
DELISTED
ProAssurance
PRA
| $7.55M | 5.58% |
171,323
+26,690
| +18% | +$1.2M |
|
|
11
MetLife
MET
$60.5B
| $7.35M | 5.44% |
153,568
-24,460
| -14% | -$1.19M |
|
|
12
Genworth Financial
GNW
$3.86B
| $5.88M | 4.35% |
+448,810
| New | +$6.49M |
|
13
CNA Financial
CNA
$14.1B
| $5.29M | 3.91% |
139,183
+25,900
| +23% | +$1M |
|
14
Reinsurance Group of America
RGA
$15.8B
| $4.95M | 3.66% |
61,756
+12,300
| +25% | +$1M |
|
15
Voya Financial
VOYA
$9.04B
| $3.91M | 2.89% |
100,000
+4,000
| +4% | +$152K |
|
|
16
Employers Holdings
EIG
$918M
| $3.4M | 2.51% |
176,358
-38,261
| -18% | -$797K |
|
|
17
Radian Group
RDN
$5.24B
| $3.22M | 2.38% |
+225,902
| New | +$3.16M |
|
|
STFC
18
DELISTED
State Auto Financial Corp
STFC
| $3.08M | 2.28% |
150,061
+9,400
| +7% | +$204K |
|
|
EMCI
19
DELISTED
EMC INS Group Inc
EMCI
| $2.82M | 2.08% |
146,366
+13,200
| +10% | +$265K |
|
|
AIFU
20
AIFU Inc
AIFU
$205M
| $165K | 0.12% |
+75
| New | +$197K |
|
21
Heritage Insurance Holdings
HRTG
$819M
| $151K | 0.11% |
+10,000
| New | +$147K |
|
|
22
SiriusPoint
SPNT
$2.93B
| – | – |
-75,464
| Closed | -$1.15M |
|
|
XL
23
DELISTED
XL Group Ltd.
XL
| – | – |
-130,021
| Closed | -$4.26M |
|
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Capital Returns Management's Q3 2014 Portfolio in Review
As of Q3 2014, Capital Returns Management held 23 positions worth $135M, up 15% from $118M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Capital Returns Management deployed $18.4M of net new capital in Q3 2014, opening 5 new positions and adding to 12 existing holdings. Its largest new stake was FedNat Holding Company Common Stock: 311,016 shares worth $8.74M.
By sector, the portfolio is most concentrated in Financials at 94% of assets, down from 100% a quarter earlier.
On the sell side, the largest reduction was Prudential Financial, an estimated $1.31M trimmed.
- Capital Returns Management's largest Q3 2014 buy was FedNat Holding Company Common Stock: 311,016 shares worth $8.74M.
- Capital Returns Management added most to PROTECTIVE LIFE CORP in Q3 2014, an estimated $2.78M increase.
- Capital Returns Management's biggest Q3 2014 reduction was Prudential Financial, cutting an estimated $1.31M.
- Capital Returns Management fully exited XL Group Ltd. in Q3 2014, selling an estimated $4.26M.
- Capital Returns Management's ten largest holdings make up 70% of its $135M portfolio in Q3 2014.
- Capital Returns Management opened 5 new positions and closed 2 in Q3 2014.
- Capital Returns Management's portfolio value rose 15% quarter-over-quarter to $135M.
Based on Capital Returns Management's 13F filing for Q3 2014, filed 14 Nov 2014.