PhiloSmith Capital Corp
Long book
$350.6M
Q1 2026
Positions
22
Top-10 weight
78%
concentration
Last quarter
+11.2%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsPhiloSmith Capital Corp is a concentrated fundamental stock-picker, specialised in financials (100% of the long book), running a $350.6M US long book across 22 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: REINSURANCE GROUP OF AMERICA, RENAISSANCERE HOLDINGS LTD, PRIMERICA INC, AFLAC INC, CHUBB LTD.
Over the last 9 quarters its long book ran on average 2pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.6%
Q2 2024
+11.5%
Q3 2024
+1.4%
Q4 2024
+5.8%
Q1 2025
-1.1%
Q2 2025
-0.7%
Q3 2025
+0.2%
Q4 2025
-5.1%
Q1 2026
+11.2%
Sector allocation
Financials 100%
Other 0%
Long book by quarter
What does PhiloSmith Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| RGA REINSURANCE GROUP OF AMERICA | Financials | 165.8K | $33.8M | 9.7% | Held |
| RNR RENAISSANCERE HOLDINGS LTD | Financials | 108.8K | $32.3M | 9.2% | Held |
| PRI PRIMERICA INC | Financials | 118.2K | $29.6M | 8.4% | Held |
| AFL AFLAC INC | Financials | 267.8K | $29.4M | 8.4% | Held |
| CB CHUBB LTD | Financials | 87.0K | $28.4M | 8.1% | Held |
| ACGL ARCH CAPITAL GROUP LTD | Financials | 287.6K | $27.6M | 7.9% | Held |
| AIG AMERICAN INTERNATIONAL GROUP | Financials | 339.5K | $25.5M | 7.3% | +6.3% |
| BRO BROWN & BROWN INC | Financials | 347.4K | $22.7M | 6.5% | +9.5% |
| AMP AMERIPRISE FINANCIAL INC | Financials | 48.9K | $21.7M | 6.2% | Held |
| AJG ARTHUR J GALLAGHER & CO | Financials | 97.7K | $21.2M | 6.0% | +11.4% |
| RJF RAYMOND JAMES FINANCIAL INC | Financials | 132.8K | $19.2M | 5.5% | Held |
| WRB WR BERKLEY CORP | Financials | 260.4K | $17.3M | 4.9% | Held |
| RLI RLI CORP | Financials | 219.8K | $12.5M | 3.6% | +10.0% |
| LMND LEMONADE INC | Financials | 173.3K | $10.9M | 3.1% | Held |
| FAF FIRST AMERICAN FINANCIAL | Financials | 133.6K | $8.1M | 2.3% | Held |
| FNF FIDELITY NATIONAL FINANCIAL | Financials | 133.5K | $6.2M | 1.8% | Held |
| HSX HISCOX LTD | — | 80.2K | $1.6M | 0.5% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 4.8K | $1.4M | 0.4% | Held |
| SKWD SKYWARD SPECIALTY INSURANCE | Financials | 15.0K | $655K | 0.2% | Held |
| SAFT SAFETY INSURANCE GROUP INC | Financials | 3.7K | $269K | 0.1% | Held |
| SIGI SELECTIVE INSURANCE GROUP | Financials | 3.0K | $226K | 0.1% | Held |
| DGICA DONEGAL GROUP INC-CL A | Financials | 5.2K | $89K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 58 | $350.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 28, 2026 | 61 | $363.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 61 | $359.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 21, 2025 | 61 | $359.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 21, 2025 | 61 | $363.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 61 | $352.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 10, 2024 | 61 | $395.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 16, 2024 | 61 | $355.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 17, 2024 | 61 | $356.8M | canonical | SEC ↗ |