SECURITY BENEFIT LIFE INSURANCE CO /KS/
Long book
$190.3M
Q1 2026
Positions
19
Top-10 weight
99%
concentration
Last quarter
+4.5%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsSECURITY BENEFIT LIFE INSURANCE CO /KS/ is an institutional manager, specialised in financials (83% of the long book), running a $190.3M US long book across 19 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: ACCELERANT HOLDINGS-CL A, ELDRIDGE BBB-B CLO ETF, ELDRIDGE AAA CLO ETF, VIVID SEATS INC - CLASS A, ISHARES 20+ YEAR TREASURY BD.
Over the last 9 quarters its long book ran on average 4.3pp per quarter behind the S&P 500, beating the index in 2 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
-4.2%
Q2 2024
+2.3%
Q3 2024
+6.5%
Q4 2024
+2.4%
Q1 2025
+2.1%
Q2 2025
+1.4%
Q3 2025
-4.4%
Q4 2025
-8.7%
Q1 2026
+4.5%
Sector allocation
Financials 84%
Services media 14%
Consumer discretionary 3%
Long book by quarter
What does SECURITY BENEFIT own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 20 | $190.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 3, 2026 | 20 | $242.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 20 | $248.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 20 | $211.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 20 | $267.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 22 | $307.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 22, 2024 | 28 | $197.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 2, 2024 | 30 | $307.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 36 | $325.6M | canonical | SEC ↗ |