Pine Brook Road Advisors, L.P.
Long book
$137.8M
Q1 2026
Positions
1
Top-10 weight
100%
concentration
Last quarter
+34.6%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsPine Brook Road Advisors, L.P. is a diversified fundamental manager, specialised in financials (100% of the long book), running a $137.8M 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: PELAGOS INSURANCE CAPITAL LT.
Over the last 9 quarters its long book ran on average 3.2pp per quarter ahead of the S&P 500, beating the index in 5 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
-15.7%
Q2 2024
+11.4%
Q3 2024
-5.2%
Q4 2024
-8.0%
Q1 2025
+3.9%
Q2 2025
+41.6%
Q3 2025
+7.8%
Q4 2025
-1.6%
Q1 2026
+34.6%
Sector allocation
Financials 100%
Long book by quarter
What does Pine Brook own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PLGO PELAGOS INSURANCE CAPITAL LT | Financials | 7.2M | $137.8M | 100.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 23, 2026 | 1 | $137.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 1 | $141.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 28, 2025 | 1 | $130.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 22, 2025 | 2 | $131.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 2 | $127.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 2 | $139.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 3 | $187.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 3 | $195.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 3 | $246.7M | canonical | SEC ↗ |