American Financial Group Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), American Financial Group Inc. reported 60 stock positions worth $260.7 million. Its top holding was Voyager Technologies Class A (VOYG) at 15.7% of the portfolio, followed by Nexstar Media (NXST, 15.1%) and Citigroup (C, 10.3%). Compared with Q1 2025, it opened 2 new positions, sold out of 2, added to 4 and reduced 1. The biggest buy was a new position in Voyager Technologies Class A (VOYG) and the biggest sale an exit from Arcelormittal-NY Registered (MT).

Most Recent 13F
Q2 2026
Location
CINCINNATI, OH
CIK
0001042046
Portfolio Value
$260.7M (Q2 2025)
SEC Filing
0001042046-25-000028 ↗ filed Aug 7, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $232.6M Q1 2024 Q2 2024: $220.1M Q2 2024 Q3 2024: $220.6M Q3 2024 Q4 2024: $213.7M Q4 2024 Q1 2025: $228.1M Q1 2025 Q2 2025: $260.7M $260.7M Q2 2025 Q3 2025: $253.5M Q3 2025 Q4 2025: $269.8M Q4 2025 Q1 2026: $269.7M Q1 2026 Q2 2026: $283.6M Q2 2026

Holdings 60 stocks · $260.7M
VOYG Voyager Technologies Inc. Class A 15.73% 1,044,941 $41.0M New
NXST Nexstar Media Group Inc. 15.09% 227,482 $39.3M No change
C Citigroup Inc. 10.28% 315,000 $26.8M No change
ACI Albertsons Cos Inc. Class A 6.49% 786,786 $16.9M No change
TALO Talos Energy Inc. 4.84% 1,487,637 $12.6M No change
CMCSA Comcast Corp. Class A 3.66% 267,000 $9.5M No change
GM General Motors Co. 3.59% 190,000 $9.3M No change
SBGI Sinclair Inc. 3.49% 658,420 $9.1M No change
UBER Uber Technologies Inc. 3.22% 90,000 $8.4M No change
ET Energy Transfer LP 3.14% 450,896 $8.2M No change
EPD Enterprise Products Partners 3.03% 255,000 $7.9M No change
WBD Warner Bros Discovery Inc. 2.91% 661,665 $7.6M No change
PAA Plains All Amer Pipeline LP 2.90% 412,500 $7.6M No change
TYG Tortoise Energy Infrastruct 1.85% 110,102 $4.8M No change
EOSE Eos Energy Enterprises Inc. 1.83% 932,930 $4.8M Reduce -49.9%
IVZ Invesco Ltd. 1.48% 245,000 $3.9M No change
PFX Phenixfin Corp. 1.25% 64,327 $3.3M No change
BEN Franklin Templeton Inc. 1.09% 119,150 $2.8M No change
KHC The Kraft Heinz Co. 1.09% 110,000 $2.8M No change
BMY Bristol-Myers Squibb Co. 1.07% 60,000 $2.8M No change
GTN Gray Media Inc. 0.94% 540,202 $2.4M No change
OKE Oneok Inc. 0.79% 25,172 $2.1M No change
RC Ready Capital Corp. 0.65% 386,120 $1.7M No change
AMWD American Woodmark Corp. 0.59% 28,924 $1.5M No change
CLPR Clipper Realty Inc. 0.52% 372,044 $1.4M No change
LCNB LCNB Corporation 0.52% 93,582 $1.4M No change
EFC Ellington Financial Inc. 0.50% 100,000 $1.3M No change
DERM Journey Medical Corp. 0.50% 180,000 $1.3M No change
MPLX MPLX LP 0.49% 25,000 $1.3M No change
TAP Molson Coors Beverage Co. Class B 0.46% 25,000 $1.2M No change
SUN Sunoco LP 0.40% 19,500 $1.0M No change
SHEL Shell PLC-ADR 0.39% 14,500 $1.0M No change
ARI Apollo Commercial Real Estat 0.39% 105,154 $1.0M No change
WES Western Midstream Partners L 0.37% 25,000 $968K No change
GLP Global Partners LP 0.35% 17,500 $923K No change
VTRS Viatris Inc. 0.34% 100,000 $893K No change
USAC USA Compression Partners LP 0.33% 35,150 $854K No change
HESM Hess Midstream LP Class A 0.33% 22,000 $847K Add +2.3%
LILAK Liberty Latin Americ Class C 0.30% 125,000 $778K No change
PSX Phillips 66 0.29% 6,250 $746K No change
ARLP Alliance Resource Partners 0.26% 25,500 $667K No change
DKL Delek Logistics Partners LP 0.25% 15,000 $644K Add +25.0%
XPER Xperi Inc. 0.25% 81,071 $641K No change
COP Conocophillips 0.24% 7,000 $628K No change
BHF Brighthouse Financial Inc. 0.23% 11,362 $611K No change
KNTK Kinetik Holdings Inc. 0.23% 13,500 $595K No change
AM Antero Midstream Corp. 0.15% 21,000 $398K No change
CAPL Crossamerica Partners LP 0.12% 14,500 $303K Add +3.6%
FLNG Flex LNG Ltd. 0.11% 13,500 $297K Add +3.9%
IHRT Iheartmedia Inc. Class A 0.11% 162,091 $285K No change
CFFN Capitol Federal Financial Inc. 0.08% 36,000 $220K No change
GPMT Granite Point Mortgage Trust 0.08% 81,021 $200K No change
OMER Omeros Corp. 0.07% 64,113 $192K No change
VG Venture Global Inc. Class A 0.06% 10,500 $164K New
CURI Curiositystream Inc. 0.06% 27,932 $157K No change
TWO Two Harbors Investment Corp. filed as TWO HBRS INVT CORP 0.06% 13,897 $150K No change
KROS Keros Therapeutics Inc. 0.05% 10,105 $135K No change
FLL Full House Resorts Inc. filed as FULL HSE RESORTS INC 0.05% 35,331 $129K No change
PGEN Precigen Inc. 0.04% 66,114 $94K No change
CGTX Cognition Therapeutics Inc. 0.02% 205,000 $64K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $5.9M (not counted above)
SecurityClassShares / PrincipalValueChange
TWO HARBORS INV CORP (TWO 6.25 01/15/26) NOTE 6.250% 1/1 · principal 6,000,000$5.9MNo change

Total filed on the 13F, all lines: $266.6M.

Portfolio Sells Q1 2025 → Q2 2025
MT Arcelormittal-NY Registered Sold out 0.00% −1.69
EOSE Eos Energy Enterprises Inc. Reduce -49.9% 1.83% −1.25
ONCONETIX INC Sold out 0.00% −0.00

Portfolio Buys Q1 2025 → Q2 2025
VOYG Voyager Technologies Inc. Class A New 15.73% +15.73
VG Venture Global Inc. Class A New 0.06% +0.06
DKL Delek Logistics Partners LP Add +25.0% 0.25% +0.02
FLNG Flex LNG Ltd. Add +3.9% 0.11% −0.02
CAPL Crossamerica Partners LP Add +3.6% 0.12% −0.03
HESM Hess Midstream LP Class A Add +2.3% 0.33% −0.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 73$283.6MC, NXST, KMB, ACI, OWL
Q1 2026 71$269.7MNXST, C, VOYG, ACI, OWL
Q4 2025 63$269.8MNXST, C, VOYG, TALO, ACI
Q3 2025 58$253.5MNXST, C, VOYG, TALO, ACI
Q2 2025 60$260.7MVOYG, NXST, C, ACI, TALO
Q1 2025 60$228.1MNXST, C, ACI, TALO, SBGI
Q4 2024 61$213.7MNXST, C, ACI, TALO, SBGI
Q3 2024 64$220.6MNXST, C, TALO, ACI, SBGI
Q2 2024 66$220.1MNXST, C, TALO, ACI, GM
Q1 2024 67$232.6MNXST, TALO, C, ACI, CMCSA