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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
+2.17%
1 Year Est. Return
-15.35%
3 Year Est. Return
-4.39%
5 Year Est. Return
+28.01%
10 Year Est. Return
–
AUM
$54.9M
AUM Growth
-$5.67M
Cap. Flow
-$5.37M
Cap. Flow %
-9.78%
Top 10 Hldgs %
80.25%
Holding
16
New
2
Increased
5
Reduced
6
Closed
1

Top Buys

Rank Stock Value
1
WTRE
Watford Holdings Ltd. Common Shares
WTRE
+$3.2M
2
Y
Alleghany Corp
Y
+$2.42M
3
EIG icon
Employers Holdings
EIG
+$2.39M
4
AIG icon
American International
AIG
+$1.06M
5
WTW icon
Willis Towers Watson
WTW
+$958K

Top Sells

Rank Stock Value
1
FNHC
FedNat Holding Company Common Stock
FNHC
+$5.41M
2
AGO icon
Assured Guaranty
AGO
+$3.89M
3
MKL icon
Markel Group
MKL
+$2.85M
4
AJG icon
Arthur J. Gallagher & Co
AJG
+$1.46M
5
GBLI icon
Global Indemnity Group
GBLI
+$1.24M

Sector Composition

Rank Sector Weight
1 Financials 79.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FNHC
1
DELISTED
FedNat Holding Company Common Stock
FNHC
$6.41M 11.67%
385,445
-362,234
-48% -$5.41M
WTRE
2
DELISTED
Watford Holdings Ltd. Common Shares
WTRE
$5.55M 10.1%
220,467
+120,467
+120% +$3.2M
BFYT
3
CALL
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
$4.87M 8.87%
252,400
– –
AIG icon
4
American International
AIG
$41.4B
$4.55M 8.29%
88,650
+20,000
+29% +$1.06M
AJG icon
5
Arthur J. Gallagher & Co
AJG
$65.8B
$4.48M 8.16%
47,040
-15,900
-25% -$1.46M
BFYT
6
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
$4.33M 7.88%
224,400
+13,950
+7% +$315K
WTW icon
7
Willis Towers Watson
WTW
$27.8B
$4.29M 7.8%
21,220
+5,000
+31% +$958K
VOYA icon
8
Voya Financial
VOYA
$9.12B
$3.43M 6.25%
56,315
-20,000
-26% -$1.13M
AGO icon
9
Assured Guaranty
AGO
$3.73B
$3.33M 6.07%
67,950
-81,320
-54% -$3.89M
LNC icon
10
Lincoln National
LNC
$8.01B
$2.83M 5.16%
48,010
-5,000
-9% -$294K
Y
11
DELISTED
Alleghany Corp
Y
$2.48M 4.51%
+3,100
New +$2.42M
MKL icon
12
Markel Group
MKL
$24.5B
$2.42M 4.41%
2,120
-2,500
-54% -$2.85M
EIG icon
13
Employers Holdings
EIG
$909M
$2.35M 4.28%
+56,326
New +$2.39M
FG
14
DELISTED
FGL Holdings Ordinary Shares
FG
$2.08M 3.79%
195,200
– –
PTVCB
15
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
$1.51M 2.75%
93,901
+33,821
+56% +$551K
GBLI icon
16
Global Indemnity Group
GBLI
$398M
– –
-49,660
Closed -$1.24M

Similar funds

RA
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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 2019 Portfolio in Review

As of Q4 2019, Capital Returns Management held 16 positions worth $54.9M, down 9.4% from $60.6M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Capital Returns Management withdrew a net $5.37M in Q4 2019, closing 1 position and reducing 6 holdings. Its most notable exit was Global Indemnity Group, an estimated $1.24M position sold in full.

By sector, the portfolio is most concentrated in Financials at 79% of assets, up from 72% a quarter earlier.

Against the trend, Capital Returns Management opened a new position in Alleghany Corp worth $2.48M.

  • Capital Returns Management's largest Q4 2019 buy was Alleghany Corp: 3,100 shares worth $2.48M.
  • Capital Returns Management added most to Watford Holdings Ltd. Common Shares in Q4 2019, an estimated $3.2M increase.
  • Capital Returns Management's biggest Q4 2019 reduction was FedNat Holding Company Common Stock, cutting an estimated $5.41M.
  • Capital Returns Management fully exited Global Indemnity Group in Q4 2019, selling an estimated $1.24M.
  • Capital Returns Management's ten largest holdings make up 80% of its $54.9M portfolio in Q4 2019.
  • Capital Returns Management opened 2 new positions and closed 1 in Q4 2019.
  • Capital Returns Management's portfolio value fell 9.4% quarter-over-quarter to $54.9M.

Based on Capital Returns Management's 13F filing for Q4 2019, filed 14 Feb 2020.