IR

IAT Reinsurance Portfolio holdings

AUM $445M
This Quarter Return
+28.69%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$489M
AUM Growth
+$489M
Cap. Flow
-$19.6M
Cap. Flow %
-4%
Top 10 Hldgs %
72.68%
Holding
94
New
5
Increased
1
Reduced
3
Closed
12

Top Buys

1
FCNCP icon
First Citizens BancShares, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 5.375% Non-Cumulative Perpetual Preferred Stock, Series A
FCNCP
$3.25M
2
CTBB icon
Qwest Corporation 6.5% Notes due 2056
CTBB
$2.54M
3
CUBB
Customers Bancorp, Inc. 5.375% Subordinated Notes Due 2034
CUBB
$1.82M
4
SLMBP
SLM Corporation Floating-Rate Non-Cumulative Series B
SLMBP
$790K
5
CFR.PRB icon
Cullen/Frost Bankers, Inc. Depositary Shares, each representing a 1/40th ownership interest in a share of 4.450% non-cumulative perpetual preferred stock, Series B
CFR.PRB
$515K

Top Sells

1
LMHB
Legg Mason, Inc. 5.45% Junior Subordinated Notes due 2056
LMHB
$12.3M
2
WFC.PRZ icon
Wells Fargo & Company Depositary Shares, each representing a 1/1,000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Z
WFC.PRZ
$3.02M
3
WTFCP
Wintrust Financial Corporation Depositary Shares, Each Representing a 1/1,000th Interest in a Share of 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E
WTFCP
$2.65M
4
HBANO
Huntington Bancshares Incorporated Depositary Shares
HBANO
$2.02M
5
SOJE
The Southern Company Series 2020C 4.20% Junior Subordinated Notes due October 15, 2060
SOJE
$2.01M

Sector Composition

1 Materials 34.54%
2 Financials 20.77%
3 Industrials 7.98%
4 Real Estate 7.21%
5 Consumer Discretionary 5.23%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
MERC icon
1
Mercer International
MERC
$223M
$169M 34.54% 16,480,000 – –
NTP
2
DELISTED
Nam Tai Property Inc.
NTP
$33.8M 6.91% 5,774,800 – –
GS icon
3
Goldman Sachs
GS
$226B
$30M 6.12% 111,500 – –
MTN icon
4
Vail Resorts
MTN
$6.09B
$23.4M 4.79% 84,000 – –
AMGN icon
5
Amgen
AMGN
$155B
$21.3M 4.35% 92,500 – –
RJF icon
6
Raymond James Financial
RJF
$33.8B
$19M 3.89% 198,750 – –
HLIO icon
7
Helios Technologies
HLIO
$1.8B
$16M 3.27% 300,000 – –
GLW icon
8
Corning
GLW
$57.4B
$15.3M 3.12% 367,350 – –
DIS icon
9
Walt Disney
DIS
$213B
$14.3M 2.93% 23,027 – –
SRL icon
10
Scully Royalty
SRL
$78.3M
$13.5M 2.77% 2,732,477 – –
SIGI icon
11
Selective Insurance
SIGI
$4.76B
$13.4M 2.74% 200,000 – –
BX icon
12
Blackstone
BX
$134B
$12.8M 2.62% 38,000 – –
JEF icon
13
Jefferies Financial Group
JEF
$13.4B
$8.88M 1.81% 360,872 – –
LMHB
14
DELISTED
Legg Mason, Inc. 5.45% Junior Subordinated Notes due 2056
LMHB
$8.19M 1.67% 320,000 -480,000 -60% -$12.3M
EMR icon
15
Emerson Electric
EMR
$74.3B
$7.15M 1.46% 89,000 – –
BA icon
16
Boeing
BA
$177B
$6.97M 1.42% 27,400 – –
XLNX
17
DELISTED
Xilinx Inc
XLNX
$5.67M 1.16% 40,000 – –
PFSW
18
DELISTED
PFSweb, Inc.
PFSW
$5.05M 1.03% 750,000 – –
CTBB icon
19
Qwest Corporation 6.5% Notes due 2056
CTBB
$778M
$3.56M 0.73% 140,000 +100,000 +250% +$2.54M
XOM icon
20
Exxon Mobil
XOM
$487B
$3.28M 0.67% 79,600 – –
FCNCP icon
21
First Citizens BancShares, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 5.375% Non-Cumulative Perpetual Preferred Stock, Series A
FCNCP
$295M
$3.25M 0.66% +120,000 New +$3.25M
CHN
22
China Fund
CHN
$166M
$1.95M 0.4% 68,399 – –
CUBB
23
Customers Bancorp, Inc. 5.375% Subordinated Notes Due 2034
CUBB
$64.3M
$1.82M 0.37% +70,000 New +$1.82M
ABBV icon
24
AbbVie
ABBV
$372B
$1.65M 0.34% 15,371 – –
DFP
25
DELISTED
DELPHI FINL GROUP, INC 7.376% FXD TO FLTNG RT JR SUB
DFP
$1.56M 0.32% 77,797 – –
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