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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
+15.05%
1 Year Est. Return
-15.35%
3 Year Est. Return
-4.39%
5 Year Est. Return
+28.01%
10 Year Est. Return
–
AUM
$210M
AUM Growth
+$31.6M
Cap. Flow
+$5.33M
Cap. Flow %
2.54%
Top 10 Hldgs %
70.67%
Holding
21
New
3
Increased
4
Reduced
10
Closed
2

Top Buys

1
XL
XL Group Ltd.
XL
+$13.1M
2
AWH
Allied World Assurance Co Hld Lt
AWH
+$11.1M
3
OB
Onebeacon Insurance Group Ltd
OB
+$2.72M
4
AFH
Atlas Financial Holdings, Inc. Ordinary Shares
AFH
+$1.94M
5
FNHC
FedNat Holding Company Common Stock
FNHC
+$1.07M

Top Sells

1
PRU icon
Prudential Financial
PRU
+$7.69M
2
SAFT icon
Safety Insurance
SAFT
+$7.26M
3
UVE icon
Universal Insurance Holdings
UVE
+$6.58M
4
RDN icon
Radian Group
RDN
+$3.63M
5
MET icon
MetLife
MET
+$2.75M

Sector Composition

1 Financials 80.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MTG icon
1
MGIC Investment
MTG
$6.18B
$20.3M 9.63%
2,533,147
-342,100
-12% -$2.54M
AGO icon
2
Assured Guaranty
AGO
$3.73B
$19.3M 9.16%
694,680
-18,600
-3% -$502K
RDN icon
3
Radian Group
RDN
$5.2B
$19.1M 9.07%
1,407,885
-281,500
-17% -$3.63M
VOYA icon
4
Voya Financial
VOYA
$9.12B
$18.3M 8.69%
634,316
-65,400
-9% -$1.79M
UVE icon
5
Universal Insurance Holdings
UVE
$1.07B
$14M 6.64%
554,828
-293,369
-35% -$6.58M
XL
6
DELISTED
XL Group Ltd.
XL
$13.1M 6.21%
+388,700
New +$13.1M
SAFT icon
7
Safety Insurance
SAFT
$1.09B
$12M 5.71%
178,748
-111,170
-38% -$7.26M
AWH
8
DELISTED
Allied World Assurance Co Hld Lt
AWH
$11.3M 5.38%
+280,140
New +$11.1M
FNHC
9
DELISTED
FedNat Holding Company Common Stock
FNHC
$10.8M 5.12%
576,165
+56,289
+11% +$1.07M
PRU icon
10
CALL
Prudential Financial
PRU
$41.1B
$10.7M 5.07%
130,600
– –
MET icon
11
CALL
MetLife
MET
$60.3B
$10.5M 4.97%
264,343
– –
AWH
12
CALL
DELISTED
Allied World Assurance Co Hld Lt
AWH
$10.1M 4.8%
+250,000
New +$9.88M
GBLI icon
13
Global Indemnity Group
GBLI
$398M
$9.4M 4.47%
316,678
-15,016
-5% -$442K
AFH
14
DELISTED
Atlas Financial Holdings, Inc. Ordinary Shares
AFH
$8.08M 3.84%
512,505
+115,157
+29% +$1.94M
MET icon
15
MetLife
MET
$60.3B
$7.49M 3.56%
189,013
-73,042
-28% -$2.75M
EMCI
16
DELISTED
EMC INS Group Inc
EMCI
$5.87M 2.79%
217,971
-14,908
-6% -$414K
MBI icon
17
MBIA
MBI
$328M
$4.74M 2.25%
608,827
+55,900
+10% +$440K
OB
18
DELISTED
Onebeacon Insurance Group Ltd
OB
$3.23M 1.53%
226,082
+192,336
+570% +$2.72M
STFC
19
DELISTED
State Auto Financial Corp
STFC
$2.33M 1.1%
97,658
-32,000
-25% -$735K
GLRE icon
20
Greenlight Captial
GLRE
$557M
– –
-25,700
Closed -$518K
PRU icon
21
Prudential Financial
PRU
$41.1B
– –
-100,200
Closed -$7.69M

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 Q3 2016 Portfolio in Review

As of Q3 2016, Capital Returns Management held 21 positions worth $210M, up 18% from $179M the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Capital Returns Management's Q3 2016 filing shows 3 new, 4 increased, 10 reduced and 2 closed positions. Its largest new stake was XL Group Ltd.: 388,700 shares worth $13.1M. The largest sale was Prudential Financial, an estimated $7.69M.

By sector, the portfolio is most concentrated in Financials at 80% of assets, down from 84% a quarter earlier.

  • Capital Returns Management's largest Q3 2016 buy was XL Group Ltd.: 388,700 shares worth $13.1M.
  • Capital Returns Management added most to Onebeacon Insurance Group Ltd in Q3 2016, an estimated $2.72M increase.
  • Capital Returns Management's biggest Q3 2016 reduction was Safety Insurance, cutting an estimated $7.26M.
  • Capital Returns Management fully exited Prudential Financial in Q3 2016, selling an estimated $7.69M.
  • Capital Returns Management's ten largest holdings make up 71% of its $210M portfolio in Q3 2016.
  • Capital Returns Management opened 3 new positions and closed 2 in Q3 2016.
  • Capital Returns Management's portfolio value rose 18% quarter-over-quarter to $210M.

Based on Capital Returns Management's 13F filing for Q3 2016, filed 14 Nov 2016.