IR

IAT Reinsurance Portfolio holdings

AUM $445M
1-Year Return 2.45%
This Quarter Return
+3.13%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$548M
AUM Growth
-$34.3M
Cap. Flow
-$44.3M
Cap. Flow %
-8.09%
Top 10 Hldgs %
77.04%
Holding
124
New
3
Increased
5
Reduced
13
Closed
37

Top Buys

1
GLW icon
Corning
GLW
$1.6M
2
SPB icon
Spectrum Brands
SPB
$823K
3
SACC
Sachem Capital Corp. 6.875% Notes due 2024
SACC
$251K
4
GS icon
Goldman Sachs
GS
$23K

Top Sells

1
MSI icon
Motorola Solutions
MSI
$4.22M
2
ETP.PRD
Energy Transfer Operating, L.P. 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetu
ETP.PRD
$3.45M
3
IEH
INTEGRYS ENERGY GROUP INC 6% JR SUB NT DUE 8-1-2073 (WI)
IEH
$3.37M
4
SREA
Sempra 5.750% Junior Subordinated Notes due 2079
SREA
$2.41M
5
MGR
Affiliated Managers Group 5.875% Junior Subordinated Notes due 2059
MGR
$2.1M

Sector Composition

1 Materials 37%
2 Financials 21.64%
3 Real Estate 9.2%
4 Industrials 7.78%
5 Healthcare 6.91%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
BP icon
51
BP
BP
$87.4B
$566K 0.1%
15,000
– –
GBLL
52
DELISTED
Global Indemnity Group, LLC 7.875% Subordinated Notes due 2047
GBLL
$542K 0.1%
20,000
-10,000
-33% -$271K
PRIF.PRD
53
Priority Income Fund, Inc. 7.00% Series D Term Preferred Stock due 2029
PRIF.PRD
$26.6M
$515K 0.09%
20,000
– –
PRIF.PRA
54
DELISTED
Priority Income Fund, Inc. 6.375% Series A Term Preferred Stock due 2025
PRIF.PRA
$495K 0.09%
20,000
-10,000
-33% -$248K
BRK.A icon
55
Berkshire Hathaway Class A
BRK.A
$1.08T
$340K 0.06%
1
-5
-83% -$1.7M
SACC
56
DELISTED
Sachem Capital Corp. 6.875% Notes due 2024
SACC
$251K 0.05%
+10,000
New +$251K
MRK icon
57
Merck
MRK
$212B
$135K 0.02%
1,558
– –
GM icon
58
General Motors
GM
$55.5B
$87K 0.02%
2,373
– –
VST.WS.A
59
DELISTED
Vistra Corp.Warrants to purchase Common Stock (Expiring February 2, 2024)
VST.WS.A
$73K 0.01%
33,717
– –
CBL.PRD
60
DELISTED
CBL& Associates Properties, Inc. Depositary Shares each representing a 1/10th fractional interest of
CBL.PRD
$73K 0.01%
15,000
-20,000
-57% -$97.3K
WAB icon
61
Wabtec
WAB
$33B
$50K 0.01%
647
– –
ADNT icon
62
Adient
ADNT
$2B
$25K ﹤0.01%
1,193
– –
DNOW icon
63
DNOW Inc
DNOW
$1.67B
$12K ﹤0.01%
1,100
– –
TDW icon
64
Tidewater
TDW
$2.86B
$11K ﹤0.01%
557
– –
KALU icon
65
Kaiser Aluminum
KALU
$1.25B
$8K ﹤0.01%
70
– –
TDW.WS.A
66
DELISTED
Tidewater Inc. Series A Warrants to purchase shares of common stock (expiring July 31, 2023)
TDW.WS.A
$1K ﹤0.01%
903
– –
TDW.WS.B
67
DELISTED
Tidewater Inc. Series B Warrants to purchase shares of common stock (expiring July 31, 2023)
TDW.WS.B
$1K ﹤0.01%
976
– –
AQNA
68
DELISTED
Algonquin Power & Utilities Corp. 6.875% Fixed-to-Floating Rate Subordinated Notes Series 2018-A due October 17, 2078
AQNA
– –
-30,000
Closed -$835K
ATH.PRB
69
Athene Holding Ltd Series B
ATH.PRB
$298M
– –
-60,000
Closed -$1.57M
AVT icon
70
Avnet
AVT
$4.49B
– –
-12,000
Closed -$534K
BC.PRA icon
71
Brunswick Corporation 6.500% Senior Notes due 2048
BC.PRA
$184M
– –
-20,000
Closed -$535K
BPYPO
72
Brookfield Property Partners 6.375% Class A Cumulative Redeemable Perpetual Preferred Units Series 2
BPYPO
– –
-20,000
Closed -$518K
BPYPP
73
Brookfield Property Partners L.P. 6.50% Class A Cumulative Redeemable Perpetual Preferred Units
BPYPP
$110M
– –
-75,000
Closed -$1.96M
MSI icon
74
Motorola Solutions
MSI
$79.8B
– –
-24,750
Closed -$4.22M
NSA.PRA icon
75
National Storage Affiliates Trust 6.000 Percent Series A Cumulative Redeemable Preferred Shares of Beneficial Interest (Liquidation Preference $25.00 per share)
NSA.PRA
$208M
– –
-20,000
Closed -$527K
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