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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
+10.35%
1 Year Est. Return
-15.35%
3 Year Est. Return
-4.39%
5 Year Est. Return
+28.01%
10 Year Est. Return
–
AUM
$138M
AUM Growth
+$2.27M
Cap. Flow
-$9.37M
Cap. Flow %
-6.81%
Top 10 Hldgs %
79.62%
Holding
23
New
2
Increased
11
Reduced
4
Closed
6

Top Buys

1
PRI icon
Primerica
PRI
+$9.17M
2
RDN icon
Radian Group
RDN
+$7.45M
3
PRA
ProAssurance
PRA
+$2.66M
4
SYA
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
+$2.5M
5
PRU icon
Prudential Financial
PRU
+$2.1M

Top Sells

1
PL
PROTECTIVE LIFE CORP
PL
+$13M
2
FNHC
FedNat Holding Company Common Stock
FNHC
+$8.74M
3
ERIE icon
Erie Indemnity
ERIE
+$5.9M
4
GNW icon
Genworth Financial
GNW
+$5.88M
5
VOYA icon
Voya Financial
VOYA
+$3.91M

Sector Composition

1 Financials 100%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AGO icon
1
Assured Guaranty
AGO
$3.73B
$12.9M 9.39%
496,750
+43,900
+10% +$1.06M
ALL icon
2
Allstate
ALL
$62.3B
$12.6M 9.13%
178,789
+7,900
+5% +$520K
AJG icon
3
Arthur J. Gallagher & Co
AJG
$65.8B
$12.4M 9.03%
263,680
+37,000
+16% +$1.74M
HIG icon
4
Hartford Financial Services
HIG
$37.5B
$12.3M 8.91%
293,876
+41,200
+16% +$1.63M
RDN icon
5
Radian Group
RDN
$5.2B
$11.5M 8.36%
687,702
+461,800
+204% +$7.45M
PRA
6
DELISTED
ProAssurance
PRA
$10.4M 7.54%
229,529
+58,206
+34% +$2.66M
PRU icon
7
Prudential Financial
PRU
$41.1B
$10.1M 7.36%
111,900
+24,400
+28% +$2.1M
PRI icon
8
Primerica
PRI
$9.75B
$9.77M 7.1%
+180,000
New +$9.17M
GBLI icon
9
Global Indemnity Group
GBLI
$398M
$8.98M 6.53%
316,583
-84,393
-21% -$2.35M
MET icon
10
MetLife
MET
$60.3B
$8.62M 6.26%
178,701
+25,133
+16% +$1.19M
RGA icon
11
Reinsurance Group of America
RGA
$15.7B
$6.34M 4.61%
72,356
+10,600
+17% +$886K
CNA icon
12
CNA Financial
CNA
$13.9B
$4.44M 3.23%
114,783
-24,400
-18% -$937K
EMCI
13
DELISTED
EMC INS Group Inc
EMCI
$4.11M 2.99%
173,676
+27,310
+19% +$572K
EIG icon
14
Employers Holdings
EIG
$909M
$3.85M 2.8%
163,861
-12,497
-7% -$260K
STFC
15
DELISTED
State Auto Financial Corp
STFC
$3.85M 2.8%
173,161
+23,100
+15% +$490K
ERIE icon
16
Erie Indemnity
ERIE
$11.8B
$2.9M 2.11%
31,996
-69,270
-68% -$5.9M
SYA
17
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
$2.54M 1.84%
+110,000
New +$2.5M
GNW icon
18
Genworth Financial
GNW
$3.84B
– –
-448,810
Closed -$5.88M
HRTG icon
19
Heritage Insurance Holdings
HRTG
$804M
– –
-10,000
Closed -$151K
VOYA icon
20
Voya Financial
VOYA
$9.12B
– –
-100,000
Closed -$3.91M
AIFU
21
AIFU Inc
AIFU
$213M
– –
-75
Closed -$165K
FNHC
22
DELISTED
FedNat Holding Company Common Stock
FNHC
– –
-311,016
Closed -$8.74M
PL
23
DELISTED
PROTECTIVE LIFE CORP
PL
– –
-187,929
Closed -$13M

Similar funds

RA
Resource America New York $40M AUM 20.54% 1-Year Est. Return
M
MRCap Roslyn, New York $35.5M AUM 5.63% 1-Year Est. Return
SBA
Secrest Blakey & Associates Raleigh, North Carolina $43.7M AUM 1.11% 1-Year Est. Return
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 2014 Portfolio in Review

As of Q4 2014, Capital Returns Management held 23 positions worth $138M, up 1.7% from $135M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Capital Returns Management withdrew a net $9.37M in Q4 2014, closing 6 positions and reducing 4 holdings. Its most notable exit was PROTECTIVE LIFE CORP, an estimated $13M position sold in full.

By sector, the portfolio is most concentrated in Financials at 100% of assets, up from 94% a quarter earlier.

Against the trend, Capital Returns Management opened a new position in Primerica worth $9.77M.

  • Capital Returns Management's largest Q4 2014 buy was Primerica: 180,000 shares worth $9.77M.
  • Capital Returns Management added most to Radian Group in Q4 2014, an estimated $7.45M increase.
  • Capital Returns Management's biggest Q4 2014 reduction was Erie Indemnity, cutting an estimated $5.9M.
  • Capital Returns Management fully exited PROTECTIVE LIFE CORP in Q4 2014, selling an estimated $13M.
  • Capital Returns Management's ten largest holdings make up 80% of its $138M portfolio in Q4 2014.
  • Capital Returns Management opened 2 new positions and closed 6 in Q4 2014.
  • Capital Returns Management's portfolio value rose 1.7% quarter-over-quarter to $138M.

Based on Capital Returns Management's 13F filing for Q4 2014, filed 17 Feb 2015.