Iat Reinsurance Co Ltd 13F annual report
Iat Reinsurance Co Ltd is an investment fund managing more than $225 billion ran by David Pirrung. There are currently 80 companies in Mr. Pirrung’s portfolio. The largest investments include Goldman Sachs and Nam Tai G63907-10-2 Private, together worth $52.8 billion.
$225 billion Assets Under Management (AUM)
As of 2nd May 2024, Iat Reinsurance Co Ltd’s top holding is 111,500 shares of Goldman Sachs currently worth over $29.9 billion and making up 13.3% of the portfolio value.
Relative to the number of outstanding shares of Goldman Sachs, Iat Reinsurance Co Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 5,336,452 shares of Nam Tai G63907-10-2 Private worth $22.9 billion.
The third-largest holding is Selective Ins Group Inc worth $21.8 billion and the next is Raymond James Fncl Inc worth $14.2 billion, with 298,125 shares owned.
Currently, Iat Reinsurance Co Ltd's portfolio is worth at least $225 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Iat Reinsurance Co Ltd
The Iat Reinsurance Co Ltd office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, David Pirrung serves as the Chief Financial Officer at Iat Reinsurance Co Ltd.
Recent trades
In the most recent 13F filing, Iat Reinsurance Co Ltd revealed that it had opened a new position in
Affiliated Managers Group Inc-call and bought 200,000 shares worth $2.55 billion.
The investment fund also strengthened its position in Delphi Financial Group - Callable by buying
105,978 additional shares.
This makes their stake in Delphi Financial Group - Callable total 328,790 shares worth $4 billion.
On the other hand, there are companies that Iat Reinsurance Co Ltd is getting rid of from its portfolio.
Iat Reinsurance Co Ltd closed its position in State Street Corp-callable on 9th May 2024.
It sold the previously owned 200,000 shares for $5.01 billion.
David Pirrung also disclosed a decreased stake in Vitesse Energy Inc by 0.5%.
This leaves the value of the investment at $420 million and 42,469 shares.
One of the smallest hedge funds
The two most similar investment funds to Iat Reinsurance Co Ltd are Compass Advisory and Magnitude Capital. They manage $225 billion and $225 billion respectively.
David Pirrung investment strategy
Iat Reinsurance Co Ltd’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Finance — making up 17.9% of
the total portfolio value.
The fund focuses on investments in the United States as
23.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
15% of the total holdings value.
On the other hand, small-cap stocks make up only 2.5% of the portfolio.
The average market cap of the portfolio companies is close to $121 billion.
The complete list of Iat Reinsurance Co Ltd trades based on 13F SEC filings
These positions were updated on May 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Goldman Sachs Group, Inc. |
No change
111,500
|
$29,906,604,000 | 13.29% |
| Nam Tai G63907-10-2 Private |
No change
5,336,452
|
$22,893,379,000 | 10.17% |
| Selective Ins Group Inc |
No change
200,000
|
$21,834,000,000 | 9.70% |
| Raymond James Fncl Inc |
No change
298,125
|
$14,206,463,000 | 6.31% |
| Advanced Micro Devices Inc. |
No change
68,936
|
$12,442,259,000 | 5.53% |
| Corning, Inc. |
No change
367,350
|
$12,107,856,000 | 5.38% |
| Vail Resorts Inc. |
No change
84,000
|
$11,141,500,000 | 4.95% |
| AMGEN Inc. |
No change
92,500
|
$7,108,000,000 | 3.16% |
| Helios Technologies, Inc. |
No change
300,000
|
$6,703,500,000 | 2.98% |
| Jefferies Financial Group Inc |
No change
360,872
|
$6,626,598,000 | 2.95% |
| Mercer International Inc Sbi |
No change
16,480,000
|
$6,268,500,000 | 2.79% |
| Emerson Elec Co |
No change
80,000
|
$5,671,000,000 | 2.52% |
| Boeing Co. |
No change
27,400
|
$5,287,926,000 | 2.35% |
| State Street Corp-callable |
Closed
200,000
|
$5,010,000,000 | |
| Blackstone Group Inc Class A |
No change
38,000
|
$4,992,060,000 | 2.22% |
| Delphi Financial Group - Callable |
47.56%
328,790
|
$3,996,750,000 | 1.78% |
| Tennessee Valley Authority |
18.18%
260,000
|
$3,039,400,000 | 1.35% |
| Wells Fargo & Co New Com Stk |
No change
50,000
|
$2,898,000,000 | 1.29% |
| Disney Walt Co |
No change
23,070
|
$2,822,845,000 | 1.25% |
| Tennessee Valley Authority Parrs |
50.00%
120,000
|
$2,655,600,000 | 1.18% |
| Affiliated Managers Group Inc-call |
Opened
200,000
|
$2,554,000,000 | 1.14% |
| Chevron Corp. |
100.00%
32,000
|
$2,523,840,000 | 1.12% |
| Morgan Stanley |
Closed
100,000
|
$2,502,070,000 | |
| Volkswagen Ag |
No change
16,000
|
$2,446,848,000 | 1.09% |
| Dte Energy Co - Callable |
Closed
90,000
|
$2,215,800,000 | |
| Agribank Fcb - Callable |
Closed
20,300
|
$2,021,880,000 | |
| Argonaut Group Statutory Tr - Call |
No change
12,000
|
$2,000,000,000 | 0.89% |
| Nisource Inc - Callable |
Closed
80,000
|
$1,998,000,000 | |
| Jacobs Solutions Inc |
Opened
12,550
|
$1,929,312,000 | 0.86% |
| Scully Royalty Ltd |
No change
3,416,664
|
$1,873,450,000 | 0.83% |
| Te Connectivity Limited |
No change
12,500
|
$1,815,500,000 | 0.81% |
| Schwab Charles Corp New |
No change
25,000
|
$1,808,500,000 | 0.80% |
| Mcdonalds Corp |
No change
6,250
|
$1,762,188,000 | 0.78% |
| Nam Tai Property Inc |
No change
5,774,800
|
$1,716,000,000 | 0.76% |
| Sce Trust Vii - Callable |
Closed
60,000
|
$1,568,400,000 | |
| Wells Fargo & Co -callable |
Closed
60,000
|
$1,507,200,000 | |
| Energy Transfer L P |
Opened
120,000
|
$1,011,200,000 | 0.45% |
| Algonquin Power & Utilities Corp |
100.00%
80,000
|
$1,000,400,000 | 0.44% |
| Prospect Cap Corp |
No change
50,000
|
$954,500,000 | 0.42% |
| Cobank Acb |
No change
41,196
|
$942,754,000 | 0.42% |
| Procter & Gamble Co. |
No change
5,700
|
$924,825,000 | 0.41% |
| Axis Capital Holdings-callable |
No change
70,000
|
$906,800,000 | 0.40% |
| Eagle Point Credit Co-callable |
No change
120,000
|
$896,800,000 | 0.40% |
| Diamond Offshore Drilling Inc |
No change
208,583
|
$853,523,000 | 0.38% |
| Customers Bancorp Inc |
No change
40,000
|
$791,380,000 | 0.35% |
| Johnson Ctls Intl Plc |
No change
23,874
|
$779,725,000 | 0.35% |
| General Electric Co |
No change
15,125
|
$767,944,000 | 0.34% |
| Fox Corp Class B |
No change
25,028
|
$716,301,000 | 0.32% |
| China Fund Inc |
No change
68,399
|
$683,306,000 | 0.30% |
| Spectrum Brands Holdings Inc. |
No change
12,799
|
$669,711,000 | 0.30% |
| Berkshire Hathaway Inc. |
No change
1
|
$634,440,000 | 0.28% |
| Us Bancorp -callable |
No change
60,000
|
$627,300,000 | 0.28% |
| Bp P.l.c. Sponsored Adr - Cmn |
No change
15,000
|
$565,200,000 | 0.25% |
| Hudson Pacific Properties Inc-call |
No change
55,000
|
$564,000,000 | 0.25% |
| Heartland Financial Usa-callable |
No change
22,500
|
$560,025,000 | 0.25% |
| National Retail Pptys Inc |
No change
13,000
|
$555,620,000 | 0.25% |
| B Riley Financial Inc - Callable |
No change
140,000
|
$544,000,000 | 0.24% |
| Exxon Mobil Corp. |
No change
79,600
|
$534,704,000 | 0.24% |
| Athene Holding Ltd-callable |
Opened
70,000
|
$510,200,000 | 0.23% |
| Brookfield Brp Hldgs Inc-callable |
Opened
20,000
|
$500,200,000 | 0.22% |
| Farm Credit Bk Of Texas-call-144a |
No change
44,000
|
$497,500,000 | 0.22% |
| Corsa Coal Corp |
No change
2,226,000
|
$476,364,000 | 0.21% |
| Atlanticus Holdins Corp - Call |
No change
20,000
|
$474,746,000 | 0.21% |
| Phi Group Inc |
No change
39,712
|
$432,861,000 | 0.19% |
| Vitesse Energy Inc |
50.00%
42,469
|
$419,641,000 | 0.19% |
| Abbvie Inc |
No change
1,948
|
$354,731,000 | 0.16% |
| Bank OZK |
No change
60,000
|
$347,900,000 | 0.15% |
| Slm Corp Pfd Series B |
No change
4,500
|
$342,360,000 | 0.15% |
| Intl Business Machines Corp |
No change
1,500
|
$286,440,000 | 0.13% |
| Conifer Holdings, Inc. |
No change
250,000
|
$282,475,000 | 0.13% |
| Office Pptys Income Tr |
No change
40,000
|
$220,400,000 | 0.10% |
| Ge Healthcare Technologies Inc |
No change
5,040
|
$132,547,000 | 0.06% |
| Ladenburg Thalman Fin Svcs Inc |
No change
5,000
|
$93,500,000 | 0.04% |
| Adient Ltd |
No change
1,193
|
$39,274,000 | 0.02% |
| Westinghouse Air Brake Tech Corp |
No change
647
|
$27,242,000 | 0.01% |
| Now Inc De |
No change
1,100
|
$16,720,000 | 0.01% |
| Cbl & Assoc Pptys Inc |
No change
658
|
$15,075,000 | 0.01% |
| Kyndryl Hldgs Inc |
No change
300
|
$6,528,000 | 0.00% |
| Kaiser Alum Corp Depositary S Cmn |
No change
70
|
$6,255,000 | 0.00% |
| Cal Dive International Inc |
No change
500,000
|
$500,000 | 0.00% |
| Vistra Energy Corp |
Closed
33,717
|
$246,000 | |
| Bb Liquidating Inc - Class A |
No change
54,211
|
$98,000 | 0.00% |
| Wells Fargo & Company Pft Series J |
No change
387
|
$74,000 | 0.00% |
| Bb Liquidating Inc - Class B |
No change
54,211
|
$5,000 | 0.00% |
| Roomstore Inc - Cmn |
No change
43,661
|
$4,000 | 0.00% |
| Mymetics Corp |
0.09%
1,092
|
$3,000 | 0.00% |
| Medley Llc Escrow |
No change
40,000
|
$2,000 | 0.00% |
| Esc Pfd Medley Llc Escrow |
Opened
40,000
|
$0 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 88 holdings | |||
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