CONTINENTAL GENERAL INSURANCE CO

Fundamental concentrated ★Signal CIK 24046
League rank
#1028
in Fundamental concentrated · #7469 overall
Long book
$693.4M
Q1 2026
Positions
11
Top-10 weight
100%
concentration
Last quarter
-19.1%
SPY +14.8%
Turnover
50%
of book per quarter

Strategy in plain words

auto-generated from filings

CONTINENTAL GENERAL INSURANCE CO is a concentrated fundamental stock-picker, running a $693.4M US long book across 11 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: SABLE OFFSHORE CORP, DAQO NEW ENERGY CORP-ADR, ALPHA METALLURGICAL RESOURCE, GEO GROUP INC/THE, GROUPON INC.

Over the last 9 quarters its long book ran on average 11.6pp per quarter behind the S&P 500, beating the index in 2 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
-24.7%
Q2 2024
+6.1%
Q3 2024
-10.6%
Q4 2024
-23.4%
Q1 2025
+3.8%
Q2 2025
+17.8%
Q3 2025
-1.5%
Q4 2025
-12.7%
Q1 2026
-19.1%

Sector allocation

Energy
41%
Materials
24%
Industrials
17%
Financials
9%
Services media
8%
Other
1%
Technology
0%

Long book by quarter

$383.6M
Q1 2024
$255.6M
Q2 2024
$347.3M
Q3 2024
$270.6M
Q4 2024
$289.0M
Q1 2025
$389.8M
Q2 2025
$515.7M
Q3 2025
$469.9M
Q4 2025
$693.4M
Q1 2026

What does CONTINENTAL GENERAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
SOC SABLE OFFSHORE CORPEnergy13.7M$226.4M32.7%+2041.1%
AMR ALPHA METALLURGICAL RESOURCEMaterials644.0K$132.2M19.1%Held
GEO GEO GROUP INC/THEIndustrials5.7M$96.0M13.8%+21.9%
GRPN GROUPON INCServices media3.6M$43.1M6.2%+23.6%
BBCQ BLEICHROEDER ACQUIS II-CL AFinancials2.0M$20.0M2.9%New
JRVR JAMES RIVER GROUP HOLDINGS IFinancials2.5M$15.9M2.3%New
CIA CITIZENS INCFinancials2.6M$12.8M1.9%+17.2%
1B2 BITFARMS LTD/CANADA1.7M$3.2M0.5%New
MRLN MERLIN INCTechnology239.9K$1.8M0.3%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202611$693.4M canonicalSEC ↗
Q4 202513F-HRFeb 13, 20267$469.9M canonicalSEC ↗
Q3 202513F-HRNov 13, 202510$515.7M canonicalSEC ↗
Q2 202513F-HRAug 13, 202512$389.8M canonicalSEC ↗
Q1 202513F-HRMay 14, 202510$289.0M canonicalSEC ↗
Q4 202413F-HRFeb 13, 20255$270.6M canonicalSEC ↗
Q3 202413F-HRNov 14, 20246$347.3M canonicalSEC ↗
Q2 202413F-HRAug 14, 20246$255.6M canonicalSEC ↗
Q1 202413F-HRMay 15, 20247$383.6M canonicalSEC ↗