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CRM
Capital Returns Management Portfolio holdings
AUM
$38.7M
1-Year Est. Return
15.35%
This Fund
S&P 500
This Quarter
Est. Return
+7.02%
1 Year Est. Return
-15.35%
3 Year Est. Return
-4.39%
5 Year Est. Return
+28.01%
10 Year Est. Return
–
AUM
$187M
AUM Growth
+$7.61M
(+4.2%)
Cap. Flow
+$103K
Cap. Flow
% of AUM
0.06%
Top 10 Holdings %
Top 10 Hldgs %
73.09%
Holding
30
New
9
Increased
4
Reduced
11
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American International
AIG
|
+$15.7M |
| 2 |
Markel Group
MKL
|
+$10.6M |
| 3 |
Assurant
AIZ
|
+$8.25M |
| 4 |
BFYT
Benefytt Technologies, Inc. Class A Common Stock
BFYT
|
+$5.81M |
| 5 |
EMCI
EMC INS Group Inc
EMCI
|
+$4.48M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hartford Financial Services
HIG
|
+$8.76M |
| 2 |
Prudential Financial
PRU
|
+$6.55M |
| 3 |
AFH
Atlas Financial Holdings, Inc. Ordinary Shares
AFH
|
+$5.65M |
| 4 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$4.51M |
| 5 |
Old Republic International
ORI
|
+$4.23M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 94.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Assured Guaranty
AGO
$3.76B
| $20.7M | 11.08% |
465,718
-47,293
| -9% | -$1.97M |
|
|
2
American International
AIG
$42.7B
| $16.2M | 8.65% |
375,135
+366,070
| +4,038% | +$15.7M |
|
3
Willis Towers Watson
WTW
$27.7B
| $15.3M | 8.2% |
87,166
-21,284
| -20% | -$3.53M |
|
|
4
Prudential Financial
PRU
$41.4B
| $14.4M | 7.7% |
156,391
-71,006
| -31% | -$6.55M |
|
5
Voya Financial
VOYA
$9.04B
| $13.3M | 7.11% |
265,620
-2,309
| -0.9% | -$110K |
|
|
EMCI
6
DELISTED
EMC INS Group Inc
EMCI
| $13M | 6.96% |
407,698
+140,331
| +52% | +$4.48M |
|
7
Lincoln National
LNC
$8.08B
| $11.7M | 6.29% |
200,086
+10,175
| +5% | +$603K |
|
8
AXIS Capital
AXS
$8.46B
| $11.5M | 6.15% |
209,750
-60,022
| -22% | -$3.33M |
|
|
9
Markel Group
MKL
$24.7B
| $10.4M | 5.56% |
+10,412
| New | +$10.6M |
|
|
FNHC
10
DELISTED
FedNat Holding Company Common Stock
FNHC
| $10.1M | 5.38% |
626,743
-197,087
| -24% | -$3.58M |
|
|
ATH
11
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $8.94M | 4.79% |
219,167
-105,394
| -32% | -$4.51M |
|
|
12
Assurant
AIZ
$13.7B
| $8.09M | 4.33% |
+85,250
| New | +$8.25M |
|
13
Global Indemnity Group
GBLI
$400M
| $6.77M | 3.63% |
222,809
-44,725
| -17% | -$1.56M |
|
|
14
Old Republic International
ORI
$10.3B
| $6.18M | 3.31% |
295,673
-203,275
| -41% | -$4.23M |
|
15
Arthur J. Gallagher & Co
AJG
$65.2B
| $6.13M | 3.29% |
78,550
-20,000
| -20% | -$1.54M |
|
|
BFYT
16
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $4.4M | 2.36% |
+163,985
| New | +$5.81M |
|
|
PTVCB
17
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
| $4.14M | 2.22% |
+223,391
| New | +$4.34M |
|
|
AEL
18
DELISTED
American Equity Investment Life Holding Company
AEL
| $3.62M | 1.94% |
+134,019
| New | +$4.06M |
|
19
Radian Group
RDN
$5.24B
| $517K | 0.28% |
+24,946
| New | +$484K |
|
20
RenaissanceRe
RNR
$13.8B
| $440K | 0.24% |
3,067
+166
| +6% | +$23.2K |
|
21
Aon
AON
$78.4B
| $319K | 0.17% |
1,869
-1,978
| -51% | -$321K |
|
22
American Financial Group
AFG
$11.8B
| $300K | 0.16% |
+3,116
| New | +$298K |
|
23
Ameriprise Financial
AMP
$47.5B
| $279K | 0.15% |
+2,180
| New | +$271K |
|
24
MGIC Investment
MTG
$6.23B
| $115K | 0.06% |
+8,722
| New | +$109K |
|
|
25
CALL
AXIS Capital
AXS
$8.46B
| – | – |
-160,000
| Closed | -$8.26M |
|
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Capital Returns Management's Q1 2019 Portfolio in Review
As of Q1 2019, Capital Returns Management held 30 positions worth $187M, up 4.2% from $179M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Capital Returns Management's Q1 2019 filing shows 9 new, 4 increased, 11 reduced and 6 closed positions. Its largest new stake was Markel Group: 10,412 shares worth $10.4M. The largest sale was Hartford Financial Services, an estimated $8.76M.
By sector, the portfolio is most concentrated in Financials at 95% of assets, up from 86% a quarter earlier.
- Capital Returns Management's largest Q1 2019 buy was Markel Group: 10,412 shares worth $10.4M.
- Capital Returns Management added most to American International in Q1 2019, an estimated $15.7M increase.
- Capital Returns Management's biggest Q1 2019 reduction was Prudential Financial, cutting an estimated $6.55M.
- Capital Returns Management fully exited Hartford Financial Services in Q1 2019, selling an estimated $8.76M.
- Capital Returns Management's ten largest holdings make up 73% of its $187M portfolio in Q1 2019.
- Capital Returns Management opened 9 new positions and closed 6 in Q1 2019.
- Capital Returns Management's portfolio value rose 4.2% quarter-over-quarter to $187M.
Based on Capital Returns Management's 13F filing for Q1 2019, filed 14 May 2019.