IAT REINSURANCE CO LTD.
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NAM TAI G63907-10-2 PRIVATE | $25.3M | 5,336,452 | +6.30pp | 13q | DEBT | ||
| ADVANCED MICRO DEVICES INC | AMD | $19.7M | 33,936 | +9.61pp | 18q | HELD | |
| HELIOS TECHNOLOGIES INC | HLIO | $13.4M | 300,000 | +1.77pp | 29q | HELD | |
| AMGEN INC | AMGN | $9.1M | 92,500 | -5.07pp | 31q | HELD | |
| VAIL RESORTS INC | MTN | $6.8M | 84,000 | +0.61pp | 31q | HELD | |
| UBER TECHNOLOGIES INC | UBER | $6.5M | 79,500 | +3.66pp | 2q | +657.1%+$5.6M | |
| NIKE INC | NKE | $6.4M | 157,000 | - | new | NEW | |
| DISNEY WALT CO | DIS | $6.0M | 16,133 | - | new | NEW | |
| LAUDER ESTEE COS INC | EL | $5.9M | 75,000 | - | new | NEW | |
| GENUINE PARTS CO | GPC | $5.9M | 50,000 | - | new | NEW | |
| DELPHI FINANCIAL GROUP - CALLABLE | $4.1M | 328,790 | -0.08pp | 31q | HELD | ||
| Tennessee Vly Au Pfd | TVE | $3.3M | 260,000 | -0.05pp | 12q | HELD | |
| CORNING INC | GLW | $3.1M | 52,037 | -1.20pp | 31q | -85.9%-$18.6M | |
| Tennessee Valley Auth 6.75 NT 6/1/28 | TVC | $2.9M | 120,000 | +0.77pp | 12q | HELD | |
| TE CONNECTIVITY PLC | TEL | $2.5M | 12,500 | +0.67pp | 8q | HELD | |
| OXFORD LANE CAPITAL CORP | OXLCG | $2.5M | 100,000 | +0.70pp | 6q | HELD | |
| OXFORD LANE CAPITAL CORP 8.75 percent DUE 06/30/2030 | OXLCI | $2.0M | 80,000 | +0.57pp | 9q | HELD | |
| ARGONAUT GROUP STATUTORY TR - CALL | $2.0M | 12,000 | -2.67pp | 24q | DEBT | ||
| NAM TAI PPTY INC SHS | NTPIF | $1.9M | 5,774,800 | -8.52pp | 31q | HELD | |
| XCEL ENERGY INC | XELLL | $1.9M | 200,000 | -0.47pp | 3q | HELD | |
| SCULLY ROYALTY LTD? | SRL | $1.9M | 3,416,664? | -7.51pp | 29q | ||
| AFFILIATED MANAGERS GROUP INC-CALL | MGRE | $1.8M | 80,000 | +0.51pp | 10q | HELD | |
| JOHNSON CONTROLS INTERNATION | JCI | $1.7M | 11,937 | +0.54pp | 31q | HELD | |
| GE AEROSPACE | GE | $1.6M | 15,125 | -0.40pp | 20q | HELD | |
| GE VERNOVA INC | GEV | $1.3M | 3,780 | -0.29pp | 9q | HELD | |
| PINNACLE FINL PARTNERS INC | PNFPPRB | $1.1M | 120,000 | - | new | NEW | |
| WINTRUST FINANCIAL CORP | WTFCN | $1.1M | 240,000 | -1.37pp | 5q | HELD | |
| RAMACO RESOURCES INC | METCI | $1.0M | 80,000 | -0.04pp | 4q | HELD | |
| NEWTEKONE INC-CALLABLE | NEWTP | $994.2K | 80,000 | -0.02pp | 4q | HELD | |
| TRITON INTL LTD-CALLABLE | TRTNPRF | $978.0K | 80,000 | -0.04pp | 6q | HELD | |
| EAGLE POINT CREDIT 5.375 percent DUE 1/31/2029 | ECCV | $955.2K | 120,000 | -0.33pp | 18q | HELD | |
| ASPEN INSURANCE HOLDINGS-CALL | AHLPRF | $934.0K | 80,000 | -0.04pp | 7q | HELD | |
| TRANSCANADA | TCPA | $920.0K | 80,000 | -0.06pp | 3q | HELD | |
| Corebridge Financial Inc. | CRBD | $914.0K | 80,000 | -0.04pp | 7q | HELD | |
| CUSTOMERS BANCORP INC | CUBB | $864.0K | 40,000 | +0.23pp | 18q | HELD | |
| PROCTER & GAMBLE CO | PG | $835.8K | 5,700 | +0.24pp | 31q | HELD | |
| F&G ANNUITIES & LIFE INC | FGSN | $821.2K | 120,000 | -0.29pp | 6q | HELD | |
| ENTERGY LA LLC COLLATERAL TR MT 4.87500percent 09/01/2066 PFD (Call Date 09/01/21) | ELC | $800.0K | 40,000 | - | new | NEW | |
| AXIS CAPITAL H 5.5 PFDPFD SER E | AXSPRE | $750.4K | 70,000 | +0.01pp | 22q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $748.9K | 1 | +0.22pp | 31q | HELD | |
| B RILEY FINANCIAL INC - CALLABLE | RILYZ | $738.0K | 140,000 | -0.31pp | 20q | HELD | |
| ARCH CAP G | ACGLN | $645.8K | 40,000 | +0.17pp | 3q | HELD | |
| SPECTRUM BRANDS HOLDINGS INC | SPB | $645.2K | 12,799 | +0.08pp | 27q | HELD | |
| EXXON MOBIL CORP? | XOM | $628.9K | 79,600? | -3.98pp | 31q | ||
| PHI GROUP INC | PHIG | $565.9K | 39,712 | -0.06pp | 23q | HELD | |
| HUDSON PAC | HPPPRC | $560.0K | 55,000 | +0.10pp | 19q | HELD | |
| US BANCORP | USBPRS | $522.9K | 60,000 | -0.02pp | 15q | HELD | |
| FIFTH THIRD BANCORP | FITBPRM | $515.6K | 20,000 | +0.14pp | 2q | HELD | |
| ALGONQUIN | AQNB | $509.4K | 60,000 | -1.36pp | 5q | -70.0%-$1.2M | |
| ATLANTICUS HOLDINS CORP - CALL | ATLCL | $504.7K | 20,000 | +0.14pp | 19q | HELD | |
| BROOKFIELD BRP HLDGS INC-CALLABLE | BEPJ | $504.4K | 20,000 | +0.15pp | 10q | HELD | |
| WESBANCO INC SER VAR PFD | WSBCO | $503.4K | 150,000 | -0.75pp | 4q | +15.4%+$67.1K | |
| M & T Bank Corp Fix To Flt Pfd | MTBPRH | $499.4K | 20,000 | - | new | NEW | |
| PROSPECT CAP CORP | PSECPRA | $492.3K | 30,000 | +0.14pp | 20q | HELD | |
| ABBVIE INC | ABBV | $490.2K | 1,948 | +0.16pp | 25q | HELD | |
| KKR & CO INC | KKRT | $483.6K | 180,000 | -1.04pp | 5q | HELD | |
| AMERICAN FINANCIAL GR INC OH-CALL | AFGE | $476.1K | 30,000 | +0.13pp | 4q | HELD | |
| SCE TR VIII-CALLABLE | SCEPRN | $452.8K | 20,000 | +0.12pp | 9q | HELD | |
| READY CAPITAL CORP | RCD | $450.0K | 20,000 | +0.15pp | 7q | HELD | |
| MERCER INTL INC? | MERC | $415.8K | 18,220,000? | -7.65pp | 31q | ||
| ASPEN INSURANCE HOLDINGS LTD DP SH 1/1000 PFD | AHLPRE | $371.0K | 20,000 | - | new | NEW | |
| American Financial Group, Inc. | AFGC | $354.0K | 50,000 | -0.08pp | 4q | HELD | |
| DTE ENERGY | DTG | $338.8K | 20,000 | - | new | NEW | |
| DTE ENERGY | DTB | $334.0K | 60,000 | - | new | NEW | |
| BANK OZK | OZKAP | $320.4K | 60,000 | -0.12pp | 19q | HELD | |
| PARTNERRE LTD | PREJF | $320.0K | 120,000 | -0.46pp | 6q | HELD | |
| GLOBE LIFE | GLPRD | $303.0K | 50,000 | -0.07pp | 4q | HELD | |
| PRESURANCE HOLDINGS INC COM NEW | PRHI | $175.4K | 35,714 | - | new | NEW | |
| GE HEALTHCARE TECHNOLOGIES I | GEHC | $93.3K | 5,040 | -0.06pp | 14q | HELD | |
| CBL & ASSOC PPTYS INC | CBL | $34.9K | 658 | +0.01pp | 19q | HELD | |
| OFFICE PPTYS INCOME TR | OPI | $24.1K | 2,832 | - | new | NEW | |
| ADIENT PLC | ADNT | $21.9K | 1,193 | +0.01pp | 31q | HELD | |
| KAISER ALUMINIUM CORPORATION | KALU | $13.7K | 70 | +0.01pp | 31q | HELD | |
| SVB FINL TR | $4.0K | 240,000 | flat | 7q | HELD | ||
| CORSA COAL CORP | $2 | 2,226,000 | flat | 31q | HELD | ||
| MYMETICS CORP | MYMXD | $0 | 175 | - | new | NEW | |
| OFFICE PPTYS INCOME - WARRANT | $0 | 2,422 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $23.3M | 14.2% |
| Industrials | $15.1M | 9.2% |
| Chemicals | $13.2M | 8.1% |
| Telecom & Media | $12.8M | 7.8% |
| Utilities | $10.5M | 6.4% |
| Biotech & Pharma | $9.5M | 5.8% |
| Wholesale & Distribution | $8.4M | 5.1% |
| Business Services | $6.5M | 4.0% |
| Funds & ETFs | $5.8M | 3.6% |
| Insurance | $4.5M | 2.7% |
| Mining & Metals | $4.1M | 2.5% |
| Banks & Lending | $3.9M | 2.4% |
| Other sectors | $6.5M | 4.0% |
| Not classified | $39.5M | 24.1% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +23.5% | +14.8% | +8.7% | 65% |
| Q4 2025 | +1.6% | +2.4% | -0.8% | 69% |
| Q3 2025 | +6.9% | +7.8% | -0.9% | 69% |
| Q2 2025 | -8.5% | +10.5% | -19.0% | 73% |
| Q1 2025 | -5.3% | -4.6% | -0.7% | 76% |
| Q4 2024 | +2.9% | +2.1% | +0.8% | 81% |
| Q3 2024 | -5.1% | +5.4% | -10.5% | 78% |
| Q2 2024 | +0.2% | +4.0% | -3.8% | 119% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $166.5M | 77 | 14 | 3 | 2 | 3 | 63.1% | 44 |
| Q1 2026 | $309.6M | 66 | 3 | 2 | 0 | 8 | 66.7% | 44 |
| Q4 2025 | $341.5M | 71 | 3 | 3 | 5 | 17 | 67.7% | 41 |
| Q3 2025 | $474.9M | 85 | 8 | 3 | 2 | 6 | 66.5% | 41 |
| Q2 2025 | $445.0M | 83 | 8 | 2 | 0 | 1 | 67.1% | 35 |
| Q1 2025 | $479.0M | 76 | 8 | 0 | 0 | 6 | 73.6% | 37 |
| Q4 2024 | $473.7M | 74 | 5 | 1 | 3 | 3 | 75.3% | 43 |
| Q3 2024 | $441.7M | 72 | 4 | 0 | 2 | 3 | 72.0% | 39 |
| Q2 2024 | $474.0M | 71 | 7 | 0 | 5 | 15 | 75.4% | 33 |
| Q1 2024 | $225.0M | 79 | 5 | 5 | 1 | 8 | 64.4% | 39 |
| Q4 2023 | $540.9M | 82 | 8 | 5 | 2 | 4 | 71.2% | 39 |
| Q3 2023 | $504.8M | 78 | 4 | 0 | 1 | 9 | 71.4% | 44 |
| Q2 2023 | $517.6M | 83 | 6 | 1 | 3 | 2 | 70.8% | 35 |
| Q1 2023 | $488.7M | 79 | 5 | 4 | 0 | 4 | 72.4% | 40 |
| Q4 2022 | $505.8M | 78 | 5 | 2 | 1 | 3 | 77.3% | 40 |
| Q3 2022 | $520.4M | 76 | 3 | 3 | 3 | 10 | 76.3% | 38 |
| Q2 2022 | $548.7M | 83 | 1 | 0 | 13 | 21 | 75.9% | 43 |
| Q1 2022 | $1.4B | 103 | 36 | 11 | 3 | 3 | 55.3% | 39 |
| Q4 2021 | $609.2M | 70 | 10 | 2 | 1 | 15 | 76.7% | 42 |
| Q3 2021 | $667.0M | 75 | 8 | 2 | 7 | 23 | 79.4% | 46 |
| Q2 2021 | $741.6M | 90 | 10 | 8 | 8 | 21 | 78.0% | 44 |
| Q1 2021 | $656.7M | 101 | 31 | 2 | 1 | 4 | 75.1% | 41 |
| Q4 2020 | $489.1M | 74 | 5 | 1 | 3 | 12 | 72.7% | 32 |
| Q3 2020 | $405.1M | 81 | 15 | 4 | 1 | 8 | 73.8% | 44 |
| Q2 2020 | $364.7M | 74 | 6 | 1 | 6 | 14 | 79.9% | 43 |
| Q1 2020 | $353.1M | 82 | 7 | 4 | 7 | 4 | 73.7% | 41 |
| Q4 2019 | $547.8M | 79 | 3 | 4 | 12 | 39 | 77.0% | 43 |
| Q3 2019 | $582.1M | 115 | 12 | 12 | 12 | 12 | 71.5% | 46 |
| Q2 2019 | $632.7M | 115 | 11 | 4 | 5 | 19 | 73.2% | 38 |
| Q1 2019 | $588.7M | 123 | 16 | 2 | 13 | 21 | 70.2% | 44 |
| Q4 2018 | $526.2M | 128 | 0 | 0 | 0 | 0 | 66.3% | 39 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.