| PGR Progressive Corp. | 9.57% | 35,046 | $8.9M | Add +36.4% |
| ACGL Arch Capital Group Ltd. | 8.62% | 71,542 | $8.0M | No change |
| HIG Hartford Insurance Group Inc. | 7.54% | 59,524 | $7.0M | Add +50.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 7.35% | 24,282 | $6.8M | Add +100.0% |
| AIG American International Group | 6.88% | 87,312 | $6.4M | Add +92.5% |
| CB Chubb Ltd. | 4.37% | 14,071 | $4.1M | No change |
| RNR Renaissancere Holdings Ltd. | 4.04% | 13,763 | $3.7M | No change |
| LNC Lincoln National Corp. | 3.78% | 111,338 | $3.5M | New |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 3.75% | 61,470 | $3.5M | No change |
| EQH Equitable Holdings Inc. | 3.73% | 82,488 | $3.5M | Add +7.8% |
| CRBG Corebridge Financial Inc. | 3.68% | 117,396 | $3.4M | Reduce -27.3% |
| EG Everest Group Ltd. | 3.68% | 8,757 | $3.4M | No change |
| TRV The Travelers Cos Inc. | 3.66% | 14,505 | $3.4M | No change |
| XOM Exxon Mobil Corp. | 2.50% | 19,850 | $2.3M | No change |
| BX Blackstone Inc. | 2.18% | 13,201 | $2.0M | No change |
| HG Hamilton Insurance Grou Class B | 2.05% | 98,522 | $1.9M | Add +603.7% |
| AVGO Broadcom Inc. | 2.04% | 11,000 | $1.9M | No change |
| MSFT Microsoft Corp. | 1.87% | 4,042 | $1.7M | No change |
| IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L | 1.62% | 79,023 | $1.5M | No change |
| ORLY O'reilly Automotive Inc. | 1.49% | 1,200 | $1.4M | No change |
| NXPI NXP Semiconductors NV | 1.47% | 5,700 | $1.4M | No change |
| GOOG Alphabet Inc. Class C | 1.30% | 7,200 | $1.2M | No change |
| HD Home Depot Inc. | 1.09% | 2,500 | $1.0M | No change |
| TECK Teck Resources Ltd.-CLS B | 1.09% | 19,300 | $1.0M | No change |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 1.08% | 24,296 | $1.0M | No change |
| JPM JPMorgan Chase & Co. | 0.97% | 4,253 | $897K | No change |
| AMZN Amazon.com Inc. | 0.96% | 4,809 | $896K | No change |
| MS Morgan Stanley | 0.96% | 8,550 | $891K | No change |
| PLMR Palomar Holdings Inc. | 0.90% | 8,820 | $835K | New |
| SYK Stryker Corp. | 0.84% | 2,160 | $780K | No change |
| UNP Union Pacific Corp. | 0.79% | 2,985 | $736K | No change |
| ABT Abbott Laboratories | 0.73% | 5,918 | $675K | No change |
| MDT Medtronic PLC | 0.71% | 7,313 | $658K | No change |
| QCOM Qualcomm Inc. | 0.65% | 3,525 | $599K | No change |
| PLGO Pelagos Insurance Capital LT filed as FIDELIS INSURANCE HOLDINGS L | 0.56% | 28,563 | $516K | No change |
| EPD Enterprise Products Partners | 0.51% | 16,271 | $474K | No change |
| FDX FedEx Corp. | 0.47% | 1,600 | $438K | No change |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.41% | 27,624 | $377K | No change |
| BOW Bowhead Specialty Holdings I | 0.14% | 4,550 | $127K | New |