Amtrust Financial Services, Inc.

Name: Amtrust Financial Services, Inc. 13F holdings, Q3 2025
Creator: Amtrust Financial Services, Inc.
Published: 2025-10-24

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 24, 2025), Amtrust Financial Services, Inc. reported 13 stock positions worth $297.5 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 40.4% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 33.8%) and iShares 1-5Y Inv Grade (IGSB, 6.6%). Its holdings were unchanged from Q2 2025.

Most Recent 13F: Q2 2026
Location: New York, NY
CIK: 0001365555
Portfolio Value: $297.5M (Q3 2025)
SEC Filing: 0001172661-25-004413 ↗ filed Oct 24, 2025

Holdings Value

Holdings 13 stocks · $297.5M


VOO Vanguard S&P 500 ETF	40.42%	196,400	$120.3M	No change
IVV iShares Core S&P 500 ETF	33.81%	150,300	$100.6M	No change
IGSB iShares 1-5Y Inv Grade Corp.	6.56%	367,800	$19.5M	No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd	4.74%	45,800	$14.1M	No change
AGG iShares Core U.S. Aggregate	3.32%	98,560	$9.9M	No change
SPIB SS SPDR P Int C Corp. ETF	3.08%	270,400	$9.2M	No change
SPAB SS SPDR P Agg Bond ETF	2.18%	250,600	$6.5M	No change
QQQ Invesco QQQ Trust Series 1	1.93%	9,600	$5.7M	No change
IWM iShares Russell 2000 ETF	1.81%	22,200	$5.4M	No change
LMND Lemonade Inc.	1.02%	56,644	$3.0M	No change
IBIT iShares Bitcoin Trust ETF	0.76%	35,000	$2.3M	No change
CLPR Clipper Realty Inc.	0.30%	231,949	$881K	No change
GEHC GE Healthcare Technology	0.08%	3,125	$235K	No change

Other holdings (2): bonds, preferreds, convertibles and warrants · $3.2M (not counted above)

Security	Class	Shares / Principal	Value	Change
CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29)	NOTE 5.125%11/1 · principal	1,680,000	$1.7M	Reduce -6.7%
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25)	NOTE 7.500%10/1 · principal	1,508,000	$1.5M	New

Total filed on the 13F, all lines: $300.7M.

Portfolio Sells Q2 2025 → Q3 2025


None this quarter.

Portfolio Buys Q2 2025 → Q3 2025


None this quarter.

Notes & Other Activity Q2 2025 → Q3 2025


CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29)	NOTE 5.125%11/1 · principal	Reduce -6.7%	1,680,000	$1.7M
ARBOR REALTY TRUST INC (ABR 7.5 08/01/25)	NOTE 7.500% 8/0 · principal	Sold out	1,651,000	$1.6Mbefore exit
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25)	NOTE 7.500%10/1 · principal	New	1,508,000	$1.5M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	14	$336.3M	VOO, IVV, IGSB, VV, AGG
Q1 2026	14	$299.2M	VOO, IVV, IGSB, VV, AGG
Q4 2025	14	$314.0M	VOO, IVV, IGSB, VV, CRCL
Q3 2025	13	$297.5M	VOO, IVV, IGSB, VV, AGG
Q2 2025	13	$278.4M	VOO, IVV, IGSB, VV, AGG
Q1 2025	12	$202.9M	IVV, VOO, IGSB, VV, AGG
Q4 2024	12	$210.6M	IVV, VOO, IGSB, VV, AGG
Q3 2024	12	$207.2M	IVV, VOO, IGSB, VV, AGG
Q2 2024	12	$196.8M	IVV, VOO, IGSB, VV, AGG
Q1 2024	13	$192.0M	IVV, VOO, IGSB, VV, AGG