Enstar Group LTD
Long book
$217.4M
Q1 2026
Positions
9
Top-10 weight
100%
concentration
Last quarter
+2.2%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsEnstar Group LTD is an institutional manager, specialised in financials (100% of the long book), running a $217.4M US long book across 9 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: JPMORGAN EQUITY PREMIUM INCO, EAGLE POINT INCOME CO INC, KKR & CO INC, BLACKSTONE INC, APOLLO GLOBAL MANAGEMENT INC.
Over the last 9 quarters its long book ran on average 3.8pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.0%
Q2 2024
+12.3%
Q3 2024
+4.7%
Q4 2024
-3.4%
Q1 2025
+2.1%
Q2 2025
+0.5%
Q3 2025
-2.0%
Q4 2025
-11.0%
Q1 2026
+2.2%
Sector allocation
Financials 86%
Other 14%
Long book by quarter
What does Enstar Group own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| KKR KKR & CO INC | Financials | 263.1K | $24.3M | 11.2% | Held |
| BX BLACKSTONE INC | Financials | 164.4K | $18.9M | 8.7% | Held |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 168.0K | $18.7M | 8.6% | Held |
| JRVR JAMES RIVER GROUP HOLDINGS I | Financials | 2.6M | $16.3M | 7.5% | Held |
| OBDC BLUE OWL CAPITAL CORP | — | 601.8K | $6.7M | 3.1% | +2.9% |
| ARCC ARES CAPITAL CORP | — | 363.4K | $6.5M | 3.0% | +2.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 11 | $217.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 13 | $258.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 13 | $270.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 13 | $271.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 13 | $265.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 13 | $287.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 9 | $389.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 9 | $349.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 9 | $372.1M | canonical | SEC ↗ |