Iat Reinsurance Co. LTD.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Iat Reinsurance Co. LTD. reported 56 stock positions worth $201.0 million. Its top holding was Goldman Sachs (GS) at 14.9% of the portfolio, followed by Nam Tai G63907-10-2 Private (11.4%) and Selective Insurance (SIGI, 10.9%). Compared with Q4 2023, it opened 2 new positions, added to 1 and reduced 2. The biggest buy was a new position in Jacobs Solutions (J) and the biggest sale Vitesse Energy (VTS, shares −50%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001633625
Portfolio Value
$201.0M (Q1 2024)
SEC Filing
0001214659-24-008652 ↗ filed May 9, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $201.0M $201.0M Q1 2024 Q2 2024: $426.9M Q2 2024 Q3 2024: $397.9M Q3 2024 Q4 2024: $427.9M Q4 2024 Q1 2025: $428.7M Q1 2025 Q2 2025: $371.0M Q2 2025 Q3 2025: $394.2M Q3 2025 Q4 2025: $264.3M Q4 2025 Q1 2026: $230.5M Q1 2026 Q2 2026: $125.7M Q2 2026

Holdings 56 stocks · $201.0M
GS Goldman Sachs Group Inc. 14.88% 111,500 $29.9M No change
NAM TAI G63907-10-2 PRIVATE 11.39% 5,336,452 $22.9M No change
SIGI Selective Insurance Group 10.86% 200,000 $21.8M No change
RJF Raymond James Financial Inc. 7.07% 298,125 $14.2M No change
AMD Advanced Micro Devices 6.19% 68,936 $12.4M No change
GLW Corning Inc. 6.02% 367,350 $12.1M No change
MTN Vail Resorts Inc. 5.54% 84,000 $11.1M No change
AMGN Amgen Inc. 3.54% 92,500 $7.1M No change
HLIO Helios Technologies Inc. 3.34% 300,000 $6.7M No change
JEF Jefferies Financial Group Inc. 3.30% 360,872 $6.6M No change
MERC Mercer International Inc. 3.12% 16,480,000 $6.3M No change
EMR Emerson Electric Co. 2.82% 80,000 $5.7M No change
BA The Boeing Co. 2.63% 27,400 $5.3M No change
BX Blackstone Inc. 2.48% 38,000 $5.0M No change
WFC Wells Fargo & Co. 1.44% 50,000 $2.9M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.40% 23,070 $2.8M No change
CVX Chevron Corp. 1.26% 32,000 $2.5M Add +100.0%
VOLKSWAGEN AG 1.22% 16,000 $2.4M No change
ARGONAUT GROUP STATUTORY TR - CALL 1.00% 12,000 $2.0M No change
J Jacobs Solutions Inc. 0.96% 12,550 $1.9M New
SRL Scully Royalty Ltd. 0.93% 3,416,664 $1.9M No change
TEL Te Connectivity Ltd. 0.90% 12,500 $1.8M No change
SCHW Schwab (charles) Corp. 0.90% 25,000 $1.8M No change
MCD McDonald's Corp. 0.88% 6,250 $1.8M No change
NTPIF Nam Tai Property Inc. 0.85% 5,774,800 $1.7M No change
PG The Procter & Gamble Co. 0.46% 5,700 $925K No change
DO Diamond Offshore Drilling Inc. 0.42% 208,583 $854K No change
JCI Johnson Controls Internation 0.39% 23,874 $780K No change
GE General Electric 0.38% 15,125 $768K No change
FOX Fox Corp. Class B 0.36% 25,028 $716K No change
CHINA FUND INC 0.34% 68,399 $683K No change
SPB Spectrum Brands Holdings Inc. 0.33% 12,799 $670K No change
BRK.A Berkshire Hathaway Inc. Class A 0.32% 1 $634K No change
BP BP PLC-Spons ADR 0.28% 15,000 $565K No change
NNN NNN REIT Inc. 0.28% 13,000 $556K No change
XOM Exxon Mobil Corp. 0.27% 79,600 $535K No change
CRSXQ Corsa Coal Corp. 0.24% 2,226,000 $476K No change
PHIG Phi Group Inc. 0.22% 39,712 $433K No change
VTS Vitesse Energy Inc. 0.21% 42,469 $420K Reduce -50.0%
ABBV Abbvie Inc. 0.18% 1,948 $355K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 1,500 $286K No change
PRESURANCE HOLDINGS INC filed as CONIFER HLDGS INC 0.14% 250,000 $282K No change
GEHC GE Healthcare Technology 0.07% 5,040 $133K No change
ADNT Adient PLC 0.02% 1,193 $39K No change
WAB Wabtec Corp. 0.01% 647 $27K No change
DNOW Dnow Inc. 0.01% 1,100 $17K No change
CBL CBL & Associates Properties 0.01% 658 $15K No change
KD Kyndryl Holdings Inc. 0.00% 300 $7K No change
KALU Kaiser Aluminum Corp. 0.00% 70 $6K No change
CDVIQ Cal Dive International Inc. 0.00% 500,000 $500 No change
BLIAQ BB Liquidating Inc. 0.00% 54,211 $98 No change
BLIBQ BB Liquidating Inc. Class B 0.00% 54,211 $5 No change
ROOMQ Roomstore Inc. 0.00% 43,661 $4 No change
MYMX Mymetics Corp. 0.00% 1,092 $3 Reduce -0.1%
MEDLEY LLC ESCROW 0.00% 40,000 $2 No change
ESC PFD MEDLEY LLC ESCROW 0.00% 40,000 $0 New
Other holdings (24): bonds, preferreds, convertibles and warrants · $24.0M (not counted above)
SecurityClassShares / PrincipalValueChange
DELPHI FINANCIAL GROUP (TOMARI V0 05/15/37) Pref 328,790$4.0MAdd +47.6%
TENN VALLEY AUTHORITY (TVA V0 05/01/29 A) Pfd Stk 260,000$3.0MAdd +18.2%
TENN VALLEY AUTHORITY (TVA V2.134 06/01/28 D) Corporate Bond 120,000$2.7MAdd +50.0%
AFFILIATED MANAGERS GROU (AMG 6.75 03/30/64) PFD 200,000$2.6MNew
ENERGY TRANSFER LP (ET V7.6 PERP E) Pref 120,000$1.0MNew
ALGONQUIN PWR & UTILITY (AQNCN V4.01 07/01/79 19-A) Pref 80,000$1.0MAdd +100.0%
PROSPECT CAPITAL CORP (PSEC 5.35 PERP A) Pref 50,000$955KNo change
COBANK ACB (COBKAC V6.2 PERP H) Pref 41,196$943KNo change
AXIS CAPITAL HLDGS LTD (AXS 5.5 PERP E) Pref 70,000$907KNo change
EAGLE POINT CREDIT CO (ECC 5.375 01/31/29) Pref 120,000$897KNo change
CUSTOMERS BANCORP INC (CUBI 5.375 12/30/34) Pref 40,000$791KNo change
US BANCORP (USB 4.5 PERP O) Common Stock 60,000$627KNo change
HUDSON PACIFIC PROPERTIE (HPP 4.75 PERP C) PFD 55,000$564KNo change
HEARTLAND FINANCIAL USA (HTLF V7 PERP E) PFD 22,500$560KNo change
BRC GROUP HOLDINGS INC (RILY 5.25 08/31/28) Pref 140,000$544KNo change
ATHENE HOLDING LTD (ATH V7.25 03/30/64) Pref 70,000$510KNew
BROOKFIELD BRP HOLDINGS (BEPUCN 7.25 PERP) Pref 20,000$500KNew
FARM CREDIT BK OF TEXAS (FARMCB V0 PERP) Pref 44,000$498KNo change
ATLANTICUS HOLDINGS CORP (ATLC 6.125 11/30/26) Pref 20,000$475KNo change
BANK OZK (OZK 4.625 PERP A) Pref 60,000$348KNo change
SLM CORP (SLM V0 PERP B) PFD 4,500$342KNo change
OFFICE PPTY INCOME TRST (OPI 6.375 06/23/50 0000) Pref 40,000$220KNo change
OSAIC FINANCIAL SVCS INC (LTS 6.5 11/30/27) Pref 5,000$94KNo change
WELLS FARGO & COMPANY (WFC V0 PERP DEPs) PFD 387$74No change

Total filed on the 13F, all lines: $225.0M.

Portfolio Sells Q4 2023 → Q1 2024
VTS Vitesse Energy Inc. Reduce -50.0% 0.21% −0.17
MYMX Mymetics Corp. Reduce -0.1% 0.00% 0.00

Portfolio Buys Q4 2023 → Q1 2024
J Jacobs Solutions Inc. New 0.96% +0.96
CVX Chevron Corp. Add +100.0% 1.26% +0.77
ESC PFD MEDLEY LLC ESCROW New 0.00% 0.00

Notes & Other Activity Q4 2023 → Q1 2024
STATE STREET CORP (STT V5.9 PERP D) PFD Sold out 200,000 $5.0Mbefore exit
DELPHI FINANCIAL GROUP (TOMARI V0 05/15/37) Pref Add +47.6% 328,790 $4.0M
TENN VALLEY AUTHORITY (TVA V0 05/01/29 A) Pfd Stk Add +18.2% 260,000 $3.0M
TENN VALLEY AUTHORITY (TVA V2.134 06/01/28 D) Corporate Bond Add +50.0% 120,000 $2.7M
AFFILIATED MANAGERS GROU (AMG 6.75 03/30/64) PFD New 200,000 $2.6M
MORGAN STANLEY (MS 6.875 PERP F) PFD Sold out 100,000 $2.5Mbefore exit
DTE ENERGY CO (DTE 5.25 12/01/77 E) Common Stock Sold out 90,000 $2.2Mbefore exit
AGRIBANK FCB (AGRIBK V6.875 PERP) Pref Sold out 20,300 $2.0Mbefore exit
NISOURCE INC (NI V6.5 PERP B) Pref Sold out 80,000 $2.0Mbefore exit
SCE TRUST VII (EIX 7.5 PERP M) Pref Sold out 60,000 $1.6Mbefore exit
WELLS FARGO & COMPANY (WFC V6.625 PERP R) PFD Sold out 60,000 $1.5Mbefore exit
ENERGY TRANSFER LP (ET V7.6 PERP E) Pref New 120,000 $1.0M
ALGONQUIN PWR & UTILITY (AQNCN V4.01 07/01/79 19-A) Pref Add +100.0% 80,000 $1.0M
ATHENE HOLDING LTD (ATH V7.25 03/30/64) Pref New 70,000 $510K
BROOKFIELD BRP HOLDINGS (BEPUCN 7.25 PERP) Pref New 20,000 $500K
VISTRA CORP - CW24 *W EXP 02/02/202 Sold out 33,717 $246before exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 34$125.7MNAM TAI G63907-10-2 PRIVATE, AMD, HLIO, AMGN, MTN
Q1 2026 29$230.5MAMGN, NTPIF, NAM TAI G63907-10-2 PRIVATE, SRL, MERC
Q4 2025 32$264.3MMERC, GLW, AMGN, SRL, NTPIF
Q3 2025 47$394.2MGS, RJF, MERC, GLW, AMGN
Q2 2025 46$371.0MMERC, GS, RJF, AMGN, NTPIF
Q1 2025 46$428.7MMERC, RJF, GS, NTPIF, NAM TAI G63907-10-2 PRIVATE
Q4 2024 45$427.9MMERC, RJF, GS, SRL, NTPIF
Q3 2024 46$397.9MMERC, GS, RJF, AMGN, SRL
Q2 2024 45$426.9MMERC, RJF, GS, AMGN, SRL
Q1 2024 56$201.0MGS, NAM TAI G63907-10-2 PRIVATE, SIGI, RJF, AMD