Continental General Insurance Co.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Continental General Insurance Co. reported 9 stock positions worth $514.2 million. Its top holding was Daqo New Energy Corp.-ADR (DQ) at 36.3% of the portfolio, followed by Alpha Metallurgical Resource (AMR, 19.3%) and Geo (GEO, 17.0%). Compared with Q2 2025, it opened 1 new position, sold out of 3, added to 4 and reduced 1. The biggest buy was Daqo New Energy Corp.-ADR (DQ, shares +11%) and the biggest sale an exit from Dole (DOLE).

Most Recent 13F
Q2 2026
Location
Austin, TX
CIK
0000024046
Portfolio Value
$514.2M (Q3 2025)
SEC Filing
0000921895-25-003014 ↗ filed Nov 13, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $383.6M Q1 2024 Q2 2024: $255.6M Q2 2024 Q3 2024: $347.3M Q3 2024 Q4 2024: $270.6M Q4 2024 Q1 2025: $288.7M Q1 2025 Q2 2025: $389.1M Q2 2025 Q3 2025: $514.2M $514.2M Q3 2025 Q4 2025: $468.1M Q4 2025 Q1 2026: $692.7M Q1 2026 Q2 2026: $478.1M Q2 2026

Holdings 9 stocks · $514.2M
DQ Daqo New Energy Corp.-ADR 36.34% 6,641,986 $186.8M Add +11.3%
AMR Alpha Metallurgical Resource 19.32% 605,449 $99.3M No change
GEO The Geo Group Inc. 16.95% 4,254,474 $87.2M Add +9.0%
GRPN Groupon Inc. 13.30% 2,929,832 $68.4M No change
BTG B2GOLD Corp. 5.74% 5,964,422 $29.5M New
OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC 3.35% 2,068,349 $17.3M Add +69.8%
RAIL Freightcar America Inc. 1.86% 979,256 $9.6M Reduce -21.5%
CIA Citizens Inc. 1.65% 1,614,275 $8.5M Add +274.2%
BITF Bitfarms Ltd./Canada 1.48% 2,695,233 $7.6M No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.5M (not counted above)
SecurityClassShares / PrincipalValueChange
BACQR Inflection Point Acquisition RIGHT 11/04/2026 2,262,085$1.5MAdd +13.1%

Total filed on the 13F, all lines: $515.7M.

Portfolio Sells Q2 2025 → Q3 2025
DOLE Dole PLC Sold out 0.00% −2.52
MRLN Merlin Inc. Sold out 0.00% −1.07
RAIL Freightcar America Inc. Reduce -21.5% 1.86% −0.90
DJT Trump Media & Technology Gro Sold out 0.00% −0.47

Portfolio Buys Q2 2025 → Q3 2025
DQ Daqo New Energy Corp.-ADR Add +11.3% 36.34% +13.07
BTG B2GOLD Corp. New 5.74% +5.74
CIA Citizens Inc. Add +274.2% 1.65% +1.26
OSG Octave Specialty Group Inc. Add +69.8% 3.35% +1.13
GEO The Geo Group Inc. Add +9.0% 16.95% −7.08

Notes & Other Activity Q2 2025 → Q3 2025
BACQR Inflection Point Acquisition RIGHT 11/04/2026 Add +13.1% 2,262,085 $1.5M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 8$478.1MGEO, AMR, DQ, GRPN, SOC
Q1 2026 10$692.7MSOC, DQ, AMR, GEO, GRPN
Q4 2025 6$468.1MDQ, AMR, GEO, GRPN, CIA
Q3 2025 9$514.2MDQ, AMR, GEO, GRPN, BTG
Q2 2025 11$389.1MGRPN, GEO, DQ, AMR, RAIL
Q1 2025 9$288.7MDQ, AMR, GRPN, MRLN, DOLE
Q4 2024 5$270.6MAMR, DQ, BACQU, RAIL, 23ANDME HOLDING CO
Q3 2024 6$347.3MAMR, DQ, PWSC, RAIL, MNR
Q2 2024 6$255.6MAMR, DQ, RAIL, BABA, MNR
Q1 2024 7$383.6MAMR, DQ, BABA, MNR, RAIL