American Family Investments, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), American Family Investments, Inc. reported 9 stock positions worth $1.9 billion. Its top holding was Xtrackers US HY BB-B Ex Fin (BHYB) at 59.9% of the portfolio, followed by SS SPDR P Int C Corp. ETF (SPIB, 17.1%) and Bowhead Specialty Holdings I (BOW, 6.7%). Compared with Q2 2025, it sold out of 5, added to 4 and reduced 3. The biggest buy was Xtrackers US HY BB-B Ex Fin (BHYB, shares +34%) and the biggest sale XTRS Low Beta Hi Yield ETF (HYDW, shares −66%).
- Most Recent 13F
- Q2 2026
- Location
- MADISON, WI
- CIK
- 0002029723
- Portfolio Value
- $1.9B (Q3 2025)
- SEC Filing
- 0001420506-25-003393 ↗ filed Nov 14, 2025
Holdings Value
Holdings 9 stocks · $1.9B
| BHYB Xtrackers US HY BB-B Ex Fin | 59.94% | 20,835,800 | $1.1B | Add +34.3% |
| SPIB SS SPDR P Int C Corp. ETF | 17.06% | 9,604,000 | $325.5M | Add +81.1% |
| BOW Bowhead Specialty Holdings I | 6.66% | 4,700,761 | $127.1M | Reduce -6.4% |
| VOO Vanguard S&P 500 ETF | 5.48% | 170,713 | $104.5M | Add +14.8% |
| HYDW XTRS Low Beta Hi Yield ETF | 4.49% | 1,813,000 | $85.7M | Reduce -66.1% |
| IWP iShares Russell Mid-Cap Grow | 3.75% | 502,798 | $71.6M | Reduce -3.9% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.60% | 273,400 | $30.5M | Add +18.9% |
| IWV iShares Russell 3000 ETF | 0.69% | 34,518 | $13.1M | No change |
| TDW Tidewater Inc. | 0.33% | 119,817 | $6.4M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| HYDW XTRS Low Beta Hi Yield ETF | Reduce -66.1% | 4.49% | −9.32 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −3.67 |
| BOW Bowhead Specialty Holdings I | Reduce -6.4% | 6.66% | −3.64 |
| VCIT Vanguard Int-Term Corporate | Sold out | 0.00% | −3.05 |
| IGIB iShares 5-10Y Inv Grade Corp. | Sold out | 0.00% | −1.24 |
| HYLB Xtrackers Usd High Yield Cor | Sold out | 0.00% | −0.57 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −0.53 |
| IWP iShares Russell Mid-Cap Grow | Reduce -3.9% | 3.75% | −0.21 |
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 13 | $5.5B | BHYB, IWV, JNK, SPIB, VCIT |
| Q1 2026 | 13 | $3.8B | BHYB, SPIB, JNK, IWV, VCIT |
| Q4 2025 | 11 | $2.8B | BHYB, SPIB, JNK, HYD, BOW |
| Q3 2025 | 9 | $1.9B | BHYB, SPIB, BOW, VOO, HYDW |
| Q2 2025 | 14 | $1.8B | BHYB, HYDW, BOW, SPIB, VOO |
| Q1 2025 | 11 | $1.4B | BHYB, BOW, HYDW, IWP, VCSH |
| Q4 2024 | 11 | $2.1B | BHYB, VCSH, HYDW, VCIT, BOW |
| Q3 2024 | 10 | $1.4B | BHYB, BOW, HYDW, VCIT, VCSH |
| Q2 2024 | 10 | $1.4B | BHYB, HYDW, Bowhead Specialty Holdings Inc, VCIT, VCSH |