Continental General Insurance Co.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Continental General Insurance Co. reported 6 stock positions worth $468.1 million. Its top holding was Daqo New Energy Corp.-ADR (DQ) at 41.9% of the portfolio, followed by Alpha Metallurgical Resource (AMR, 27.5%) and Geo (GEO, 16.1%). Compared with Q3 2025, it opened 1 new position, sold out of 4 and added to 4. The biggest buy was Alpha Metallurgical Resource (AMR, shares +6%) and the biggest sale an exit from B2GOLD (BTG).

Most Recent 13F
Q2 2026
Location
Austin, TX
CIK
0000024046
Portfolio Value
$468.1M (Q4 2025)
SEC Filing
0000921895-26-000360 ↗ filed Feb 13, 2026

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 Q3 2025 Q4 2025: $468.1M $468.1M Q4 2025 Q1 2026: $692.7M Q1 2026 Q2 2026: $478.1M Q2 2026

Holdings 6 stocks · $468.1M
DQ Daqo New Energy Corp.-ADR 41.87% 6,644,786 $196.0M Add +0.0%
AMR Alpha Metallurgical Resource 27.50% 644,025 $128.7M Add +6.4%
GEO The Geo Group Inc. 16.13% 4,684,474 $75.5M Add +10.1%
GRPN Groupon Inc. 11.02% 2,929,832 $51.6M No change
CIA Citizens Inc. 2.25% 2,176,694 $10.5M Add +34.8%
SOC Sable Offshore Corp. 1.23% 640,106 $5.8M New
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.8M (not counted above)
SecurityClassShares / PrincipalValueChange
BACQR Inflection Point Acquisition RIGHT 11/04/2026 2,398,726$1.8MAdd +6.0%

Total filed on the 13F, all lines: $469.9M.

Portfolio Sells Q3 2025 → Q4 2025
BTG B2GOLD Corp. Sold out 0.00% −5.74
OSG Octave Specialty Group Inc. Sold out 0.00% −3.35
RAIL Freightcar America Inc. Sold out 0.00% −1.86
BITF Bitfarms Ltd./Canada Sold out 0.00% −1.48

Portfolio Buys Q3 2025 → Q4 2025
AMR Alpha Metallurgical Resource Add +6.4% 27.50% +8.18
DQ Daqo New Energy Corp.-ADR Add +0.0% 41.87% +5.54
SOC Sable Offshore Corp. New 1.23% +1.23
CIA Citizens Inc. Add +34.8% 2.25% +0.60
GEO The Geo Group Inc. Add +10.1% 16.13% −0.82

Notes & Other Activity Q3 2025 → Q4 2025
BACQR Inflection Point Acquisition RIGHT 11/04/2026 Add +6.0% 2,398,726 $1.8M

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