IAT REINSURANCE CO LTD.
Long book
$309.6M
Q1 2026
Positions
67
Top-10 weight
67%
concentration
Last quarter
+3.5%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsIAT REINSURANCE CO LTD. is a diversified fundamental manager, running a $309.6M US long book across 67 positions.
The portfolio is concentrated: the top 10 names carry 67% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: AMGEN INC, NAM TAI PROPERTY INC, NAM TAI G63907-10-2 PRIVATE, SCULLY ROYALTY LTD, MERCER INTERNATIONAL INC.
Over the last 9 quarters its long book ran on average 3.9pp per quarter behind the S&P 500, beating the index in 3 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
-0.9%
Q2 2024
-6.6%
Q3 2024
+6.9%
Q4 2024
-2.6%
Q1 2025
-9.1%
Q2 2025
+6.5%
Q3 2025
+1.4%
Q4 2025
+6.4%
Q1 2026
+3.5%
Sector allocation
Industrials 20%
Healthcare 17%
Real estate 16%
Financials 14%
Other 14%
Energy 7%
Services media 6%
Technology 4%
Long book by quarter
What does IAT REINSURANCE own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMGN AMGEN INC | Healthcare | 92.5K | $32.5M | 10.5% | Held |
| NTPIF NAM TAI PROPERTY INC | Real estate | 5.8M | $29.9M | 9.7% | Held |
| SRL SCULLY ROYALTY LTD | Financials | 3.4M | $26.7M | 8.6% | Held |
| MERC MERCER INTERNATIONAL INC | Other | 17.2M | $24.5M | 7.9% | Held |
| HLIO HELIOS TECHNOLOGIES INC | Industrials | 300.0K | $19.4M | 6.3% | Held |
| XOM EXXON MOBIL CORP | Energy | 79.6K | $13.5M | 4.4% | Held |
| MTN VAIL RESORTS INC | Services media | 84.0K | $10.8M | 3.5% | Held |
| GLW CORNING INC | Industrials | 368.4K | $9.4M | 3.0% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 33.9K | $6.9M | 2.2% | Held |
| GE GENERAL ELECTRIC | Industrials | 15.1K | $4.3M | 1.4% | Held |
| GEV GE VERNOVA INC | Industrials | 3.8K | $3.3M | 1.1% | Held |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 12.5K | $2.6M | 0.8% | Held |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 11.9K | $1.6M | 0.5% | Held |
| PHIG PHI GROUP INC/DE | — | 39.7K | $1.2M | 0.4% | Held |
| SPB SPECTRUM BRANDS HOLDINGS INC | Technology | 12.8K | $943K | 0.3% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 5.7K | $823K | 0.3% | Held |
| UBER UBER TECHNOLOGIES INC | Services media | 10.5K | $755K | 0.2% | New |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.2% | Held |
| ABBV ABBVIE INC | Healthcare | 1.9K | $424K | 0.1% | Held |
| GEHC GE HEALTHCARE TECHNOLOGY | Healthcare | 5.0K | $359K | 0.1% | Held |
| ADNT ADIENT PLC | Industrials | 1.2K | $24K | 0.0% | Held |
| KALU KAISER ALUMINUM CORP | Industrials | 70 | $8K | 0.0% | Held |
| CRSXQ CORSA COAL CORP | — | 2.2M | $2 | 0.0% | Held |
| MYMX MYMETICS CORP | — | 175 | $0 | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 67 | $309.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 71 | $341.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 86 | $474.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 4, 2025 | 84 | $445.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 76 | $479.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 74 | $473.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 72 | $441.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 2, 2024 | 71 | $474.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 81 | $225.0M | canonical | SEC ↗ |
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