AMERICAN FINANCIAL GROUP INC
Long book
$269.7M
Q1 2026
Positions
71
Top-10 weight
62%
concentration
Last quarter
+9.1%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsAMERICAN FINANCIAL GROUP INC is a diversified fundamental manager, running a $269.7M US long book across 71 positions.
The portfolio is concentrated: the top 10 names carry 62% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: NEXSTAR MEDIA GROUP INC, CITIGROUP INC, VOYAGER TECHNOLOGIES INC-A, ALBERTSONS COS INC - CLASS A, BLUE OWL CAPITAL INC.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.3%
Q2 2024
+3.1%
Q3 2024
+6.0%
Q4 2024
+5.2%
Q1 2025
+1.2%
Q2 2025
+6.4%
Q3 2025
+3.7%
Q4 2025
-2.3%
Q1 2026
+9.1%
Sector allocation
Financials 22%
Communications 21%
Other 12%
Utilities 9%
Energy 9%
Industrials 8%
Consumer discretionary 6%
Services media 5%
Long book by quarter
What does AMERICAN FINANCIAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NXST NEXSTAR MEDIA GROUP INC | Communications | 227.5K | $41.1M | 15.3% | Held |
| C CITIGROUP INC | Financials | 315.0K | $35.7M | 13.2% | Held |
| VOYG VOYAGER TECHNOLOGIES INC-A | Industrials | 894.9K | $20.9M | 7.8% | Held |
| ACI ALBERTSONS COS INC - CLASS A | Consumer discretionary | 786.8K | $13.4M | 5.0% | Held |
| OWL BLUE OWL CAPITAL INC | Financials | 1.2M | $10.8M | 4.0% | +96.7% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 255.0K | $9.6M | 3.6% | Held |
| KMB KIMBERLY-CLARK CORP | Other | 100.0K | $9.6M | 3.6% | +25.0% |
| PAA PLAINS ALL AMER PIPELINE LP | Energy | 412.5K | $9.2M | 3.4% | Held |
| MSDL MORGAN STANLEY DIRECT LENDIN | — | 631.5K | $8.8M | 3.3% | +18.8% |
| ET ENERGY TRANSFER LP | Utilities | 450.9K | $8.7M | 3.2% | Held |
| TALO TALOS ENERGY INC | Energy | 487.6K | $7.7M | 2.8% | -67.2% |
| CMCSA COMCAST CORP-CLASS A | Communications | 267.0K | $7.7M | 2.8% | Held |
| UBER UBER TECHNOLOGIES INC | Services media | 90.0K | $6.5M | 2.4% | Held |
| MNTN MNTN INC-A | Services media | 579.7K | $5.1M | 1.9% | New |
| CRM SALESFORCE INC | Technology | 27.0K | $5.0M | 1.9% | New |
| GSBD GOLDMAN SACHS BDC INC | — | 506.6K | $4.5M | 1.7% | Held |
| RPC RIDGEPOST CAPITAL INC-A | Financials | 540.0K | $3.9M | 1.5% | New |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 60.0K | $3.6M | 1.3% | Held |
| KBDC KAYNE ANDERSON BDC INC | — | 205.9K | $2.8M | 1.0% | New |
| BEN FRANKLIN RESOURCES INC | Financials | 119.2K | $2.8M | 1.0% | Held |
| WDAY WORKDAY INC-CLASS A | Technology | 20.0K | $2.6M | 1.0% | New |
| PFX PHENIXFIN CORP | — | 64.3K | $2.5M | 0.9% | Held |
| KHC KRAFT HEINZ CO/THE | Consumer staples | 110.0K | $2.5M | 0.9% | Held |
| GTN GRAY MEDIA INC | Communications | 540.2K | $2.3M | 0.9% | Held |
| OKE ONEOK INC | Utilities | 25.2K | $2.3M | 0.8% | Held |
| ICLR ICON PLC | Healthcare | 20.0K | $2.2M | 0.8% | New |
| LCNB LCNB CORPORATION | Financials | 93.6K | $1.5M | 0.5% | Held |
| MPLX MPLX LP | Energy | 25.0K | $1.4M | 0.5% | Held |
| VTRS VIATRIS INC | Healthcare | 100.0K | $1.4M | 0.5% | Held |
| SUN SUNOCO LP | Energy | 20.0K | $1.3M | 0.5% | Held |
| AHQ AMERICAN WOODMARK CORP | — | 28.9K | $1.2M | 0.4% | Held |
| PSX PHILLIPS 66 | Energy | 6.3K | $1.1M | 0.4% | Held |
| LILAK LIBERTY LATIN AMERIC-CL C | Communications | 125.0K | $1.1M | 0.4% | Held |
| IVZ INVESCO LTD | Financials | 45.0K | $1.1M | 0.4% | -52.6% |
| TAP MOLSON COORS BEVERAGE CO - B | Consumer staples | 25.0K | $1.1M | 0.4% | Held |
| WES WESTERN MIDSTREAM PARTNERS L | Utilities | 25.5K | $1.0M | 0.4% | Held |
| KVUE KENVUE INC | Other | 60.0K | $1.0M | 0.4% | Held |
| USAC USA COMPRESSION PARTNERS LP | Utilities | 35.1K | $953K | 0.4% | Held |
| COP CONOCOPHILLIPS | Energy | 7.0K | $924K | 0.3% | Held |
| HESM HESS MIDSTREAM LP - CLASS A | Energy | 22.0K | $855K | 0.3% | Held |
| DKL DELEK LOGISTICS PARTNERS LP | Energy | 17.0K | $846K | 0.3% | Held |
| DERM JOURNEY MEDICAL CORP | Healthcare | 180.0K | $844K | 0.3% | Held |
| KNTK KINETIK HOLDINGS INC | Utilities | 16.0K | $775K | 0.3% | Held |
| GLP GLOBAL PARTNERS LP | Consumer discretionary | 17.5K | $737K | 0.3% | Held |
| TVRD TVARDI THERAPEUTICS INC | Healthcare | 223.7K | $711K | 0.3% | Held |
| ARLP ALLIANCE RESOURCE PARTNERS | Materials | 25.5K | $705K | 0.3% | Held |
| BHF BRIGHTHOUSE FINANCIAL INC | Financials | 11.4K | $680K | 0.3% | Held |
| OMER OMEROS CORP | Healthcare | 64.1K | $677K | 0.3% | Held |
| NOW SERVICENOW INC | Technology | 5.0K | $523K | 0.2% | New |
| FLNG FLEX LNG LTD | Industrials | 16.5K | $490K | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 87 | $269.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 81 | $275.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 77 | $259.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 80 | $266.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 80 | $234.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 81 | $219.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 86 | $233.5M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 88 | $232.9M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 93 | $266.1M | $K fixed canonical | SEC ↗ |
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