IR

IAT Reinsurance Portfolio holdings

AUM $445M
This Quarter Return
+0.02%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$686M
AUM Growth
+$686M
Cap. Flow
+$12.6M
Cap. Flow %
1.83%
Top 10 Hldgs %
71.26%
Holding
135
New
15
Increased
5
Reduced
10
Closed
6

Top Buys

1
ETP.PRD
Energy Transfer Operating, L.P. 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetu
ETP.PRD
$3.1M
2
DUKB
Duke Energy Corporation 5.625% Junior Subordinated Debentures due 2078
DUKB
$2.5M
3
TBC
AT&T Inc. 5.625% Global Notes due 2067
TBC
$2.48M
4
IBM icon
IBM
IBM
$2.4M
5
QVCD icon
QVC, Inc. 6.375% Senior Secured Notes due 2067
QVCD
$2.4M

Top Sells

1
MTN icon
Vail Resorts
MTN
$8.23M
2
ETP.PRC
Energy Transfer Operating, L.P. 7.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetu
ETP.PRC
$3.01M
3
BRK.A icon
Berkshire Hathaway Class A
BRK.A
$1.6M
4
RNR.PRF icon
RenaissanceRe Holdings Ltd. Depositary Shares, each Representing a 1/1,000th Interest in a 5.750% Series F Preference Share
RNR.PRF
$994K
5
STAG.PRC
Stag Industrial, Inc. 6.875% Series C Cumulative Redeemable Preferred Stock
STAG.PRC
$898K

Sector Composition

1 Materials 40.36%
2 Financials 16.58%
3 Real Estate 8.38%
4 Industrials 7.14%
5 Healthcare 4.52%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
MERC icon
1
Mercer International
MERC
$223M
$277M 40.36% 16,480,000 – –
NTP
2
DELISTED
Nam Tai Property Inc.
NTP
$56.9M 8.29% 5,774,800 – –
AMGN icon
3
Amgen
AMGN
$155B
$30.1M 4.38% 145,000 – –
GS icon
4
Goldman Sachs
GS
$226B
$25M 3.64% 111,500 +475 +0.4% +$107K
MTN icon
5
Vail Resorts
MTN
$6.09B
$23.1M 3.36% 84,000 -30,000 -26% -$8.23M
RJF icon
6
Raymond James Financial
RJF
$33.8B
$20M 2.92% 217,350 – –
SRL icon
7
Scully Royalty
SRL
$78.2M
$16.7M 2.43% 2,732,477 – –
HLIO icon
8
Helios Technologies
HLIO
$1.8B
$16.4M 2.4% 300,000 – –
SIGI icon
9
Selective Insurance
SIGI
$4.76B
$12.7M 1.85% 200,000 – –
JEF icon
10
Jefferies Financial Group
JEF
$13.4B
$11.2M 1.64% 510,872 – –
GLW icon
11
Corning
GLW
$57.4B
$11M 1.61% 312,550 – –
BA icon
12
Boeing
BA
$177B
$10.2M 1.49% 27,400 – –
BRK.A icon
13
Berkshire Hathaway Class A
BRK.A
$1.09T
$9.92M 1.45% 31 -5 -14% -$1.6M
EMR icon
14
Emerson Electric
EMR
$74.3B
$6.82M 0.99% 89,000 – –
PFSW
15
DELISTED
PFSweb, Inc.
PFSW
$5.55M 0.81% 750,000 – –
IBM icon
16
IBM
IBM
$227B
$4.8M 0.7% 31,748 +15,874 +100% +$2.4M
BX icon
17
Blackstone
BX
$134B
$3.81M 0.56% 100,000 – –
TFCF
18
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$3.44M 0.5% 75,000 – –
PG icon
19
Procter & Gamble
PG
$368B
$3.28M 0.48% 39,400 – –
MSI icon
20
Motorola Solutions
MSI
$78.7B
$3.22M 0.47% 24,750 – –
XLNX
21
DELISTED
Xilinx Inc
XLNX
$3.21M 0.47% 40,000 – –
WALA
22
DELISTED
Western Alliance Bancorporation
WALA
$3.16M 0.46% 125,000 -15,000 -11% -$379K
ETP.PRD
23
DELISTED
Energy Transfer Operating, L.P. 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetu
ETP.PRD
$3.1M 0.45% +120,000 New +$3.1M
XOM icon
24
Exxon Mobil
XOM
$487B
$2.98M 0.43% 35,000 – –
CMSA
25
CMS Energy Corporation 5.625% Junior Subordinated Notes due 2078
CMSA
$180M
$2.95M 0.43% 120,000 +40,000 +50% +$983K
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