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IAT Reinsurance Portfolio holdings

AUM $167M
1-Year Est. Return 46%
This Fund
S&P 500
This Quarter Est. Return
-3.09%
1 Year Est. Return
+46%
3 Year Est. Return
+60.22%
5 Year Est. Return
+24.83%
10 Year Est. Return
+295.65%
AUM
$474M
AUM Growth
+$249M
Cap. Flow
-$52.6M
Cap. Flow %
-11.09%
Top 10 Hldgs %
75.43%
Holding
87
New
7
Increased
–
Reduced
6
Closed
16

Top Buys

Rank Stock Value
1
SCE.PRN
SCE Trust VIII 6.95% Trust Preference Securities
SCE.PRN
+$2.04M
2
TRNZ
Trinity Capital Inc 7.875% Notes Due 2029
TRNZ
+$1.52M
3
GEV icon
GE Vernova
GEV
+$599K
4
GECCI icon
Great Elm Capital Corp 8.50% Notes Due 2029
GECCI
+$500K
5
OGN icon
Organon & Co
OGN
+$59.6K

Top Sells

Rank Stock Value
1
GS icon
Goldman Sachs
GS
+$15.9M
2
JEF icon
Jefferies Financial Group
JEF
+$6.63M
3
AMD icon
Advanced Micro Devices
AMD
+$5.63M
4
BA icon
Boeing
BA
+$5.29M
5
BX icon
Blackstone
BX
+$4.99M

Sector Composition

Rank Sector Weight
1 Materials 29.69%
2 Financials 25.14%
3 Miscellaneous 16.78%
4 Healthcare 6.27%
5 Industrials 5.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JCI icon
26
Johnson Controls International
JCI
$85.1B
$1.59M 0.33%
23,874
– –
TRNZ
27
Trinity Capital Inc 7.875% Notes Due 2029
TRNZ
$117M
$1.51M 0.32%
+60,000
New +$1.52M
AXS.PRE icon
28
AXIS Capital Holdings Ltd Series E
AXS.PRE
$402M
$1.48M 0.31%
70,000
– –
USB.PRS icon
29
US Bancorp Series O Preferred Stock
USB.PRS
$305M
$1.18M 0.25%
60,000
– –
SPB icon
30
Spectrum Brands
SPB
$1.99B
$1.1M 0.23%
12,799
– –
PG icon
31
Procter & Gamble
PG
$341B
$940K 0.2%
5,700
– –
OZKAP
32
Bank OZK 4.625% Series A Preferred Stock
OZKAP
$214M
$934K 0.2%
60,000
– –
PSEC.PRA icon
33
Prospect Capital Corp 5.35% Series A Preferred Stock
PSEC.PRA
$82.4M
$835K 0.18%
50,000
– –
CUBB
34
Customers Bancorp 5.375% Subordinated Notes Due 2034
CUBB
$62.9M
$772K 0.16%
40,000
– –
HPP.PRC
35
Hudson Pacific Properties 4.750% Series C Preferred Stock
HPP.PRC
$243M
$754K 0.16%
55,000
– –
CHN
36
DELISTED
China Fund
CHN
$692K 0.15%
68,399
– –
GEV icon
37
GE Vernova
GEV
$246B
$648K 0.14%
+3,780
New +$599K
BRK.A icon
38
Berkshire Hathaway Class A
BRK.A
$1.11T
$612K 0.13%
1
– –
HTLFP
39
DELISTED
Heartland Financial USA, Inc. Depositary Shares, each representing a 1/400th ownership interest in a share of 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E
HTLFP
$565K 0.12%
22,500
– –
NNN icon
40
NNN REIT
NNN
$7.99B
$554K 0.12%
13,000
– –
BP icon
41
BP
BP
$117B
$542K 0.11%
15,000
– –
BEPJ
42
Brookfield BRP Holdings 7.250% Perpetual Subordinated Notes
BEPJ
$134M
$513K 0.11%
20,000
– –
GECCI icon
43
Great Elm Capital Corp 8.50% Notes Due 2029
GECCI
$56.5M
$504K 0.11%
+20,000
New +$500K
AQNB
44
Algonquin Power & Utilities Corp Series 2019-A
AQNB
$368M
$502K 0.11%
20,000
-60,000
-75% -$1.51M
ATLCL icon
45
Atlanticus Holdings 6.125% Senior Notes due 2026
ATLCL
$149M
$453K 0.1%
20,000
– –
OPINL
46
DELISTED
Office Properties Income Trust 6.375% Senior Notes due 2050
OPINL
$403K 0.09%
40,000
– –
GEHC icon
47
GE HealthCare
GEHC
$28.7B
$393K 0.08%
5,040
– –
SLMBP
48
SLM Corp Series B
SLMBP
$186M
$341K 0.07%
4,500
– –
ABBV icon
49
AbbVie
ABBV
$464B
$334K 0.07%
1,948
– –
IBM icon
50
IBM
IBM
$224B
$259K 0.05%
1,500
– –
1
2
3

Similar funds

WW
Wright Wealth Atlanta, Georgia $167M AUM
CWM
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GAAM
Grand Alliance Asset Management Central, Hong Kong $167M AUM 535.48% 1-Year Est. Return
LW
Lauer Wealth Valparaiso, Indiana $167M AUM 23.59% 1-Year Est. Return
KFSN
Keystone Financial Services (Nebraska) Omaha, Nebraska $166M AUM 19.6% 1-Year Est. Return
HAM
Harber Asset Management Asheville, North Carolina $166M AUM 18.77% 1-Year Est. Return
SH
SeaTown Holdings Singapore $166M AUM 72.97% 1-Year Est. Return
OWM
Orca Wealth Management New Port Richey, Florida $167M AUM 69.14% 1-Year Est. Return

IAT Reinsurance's Q2 2024 Portfolio in Review

As of Q2 2024, IAT Reinsurance held 87 positions worth $474M, up 111% from $225M the previous quarter. Its ten largest holdings account for 75% of the portfolio.

IAT Reinsurance withdrew a net $52.6M in Q2 2024, closing 16 positions and reducing 6 holdings. Its most notable exit was Jefferies Financial Group, an estimated $6.63M position sold in full.

By sector, the portfolio is most concentrated in Materials at 30% of assets, up from 2.8% a quarter earlier, followed by Financials and Miscellaneous.

Against the trend, IAT Reinsurance opened a new position in SCE Trust VIII 6.95% Trust Preference Securities worth $2.07M.

  • IAT Reinsurance's largest Q2 2024 buy was SCE Trust VIII 6.95% Trust Preference Securities: 80,000 shares worth $2.07M.
  • IAT Reinsurance's biggest Q2 2024 reduction was Goldman Sachs, cutting an estimated $15.9M.
  • IAT Reinsurance fully exited Jefferies Financial Group in Q2 2024, selling an estimated $6.63M.
  • IAT Reinsurance's ten largest holdings make up 75% of its $474M portfolio in Q2 2024.
  • IAT Reinsurance opened 7 new positions and closed 16 in Q2 2024.
  • IAT Reinsurance's portfolio value rose 111% quarter-over-quarter to $474M.

Based on IAT Reinsurance's 13F filing for Q2 2024, filed 2 Aug 2024.