AMERICAN FINANCIAL GROUP INC 401(K) RETIREMENT & SAVINGS PLAN

Fundamental diversified ★Signal financials specialist (100%) CIK 943719
Long book
$302.3M
Q1 2026
Positions
1
Top-10 weight
100%
concentration
Last quarter
+12.5%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

AMERICAN FINANCIAL GROUP INC 401(K) RETIREMENT & SAVINGS PLAN is a diversified fundamental manager, specialised in financials (100% of the long book), running a $302.3M US long book across 1 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: AMERICAN FINANCIAL GROUP INC.

Over the last 9 quarters its long book ran on average 2.2pp 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
-9.4%
Q2 2024
+10.0%
Q3 2024
+5.3%
Q4 2024
-2.0%
Q1 2025
-3.3%
Q2 2025
+16.2%
Q3 2025
-4.3%
Q4 2025
-4.8%
Q1 2026
+12.5%

Sector allocation

Financials
100%

Long book by quarter

$378K
Q1 2024
$331K
Q2 2024
$350K
Q3 2024
$355.2M
Q4 2024
$343.7M
Q1 2025
$322.2M
Q2 2025
$350.8M
Q3 2025
$326.8M
Q4 2025
$302.3M
Q1 2026

What does AMERICAN FINANCIAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AFG AMERICAN FINANCIAL GROUP INCFinancials2.4M$302.3M100.0%-1.0%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 13, 20261$302.3M canonicalSEC ↗
Q4 202513F-HRFeb 12, 20261$326.8M canonicalSEC ↗
Q3 202513F-HRNov 10, 20251$350.8M canonicalSEC ↗
Q2 202513F-HRAug 7, 20251$322.2M canonicalSEC ↗
Q1 202513F-HRMay 8, 20251$343.7M canonicalSEC ↗
Q4 202413F-HRFeb 11, 20251$355.2M canonicalSEC ↗
Q3 202413F-HRNov 12, 20241$350K canonicalSEC ↗
Q2 202413F-HRAug 8, 20241$331K canonicalSEC ↗
Q1 202413F-HRMay 8, 20241$378K canonicalSEC ↗