Security Benefit Life Insurance Co.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Security Benefit Life Insurance Co. reported 11 stock positions worth $264.8 million. Its top holding was Vivid Seats at 49.0% of the portfolio, followed by Eldridge Aaa Clo ETF (CLOX, 21.8%) and Eldridge BBB-B Clo ETF (CLOZ, 16.3%). Compared with Q4 2024, it opened 1 new position, sold out of 1, added to 5 and reduced 1. The biggest buy was Eldridge BBB-B Clo ETF (CLOZ, shares +138%) and the biggest sale an exit from iShares Russell 2000 ETF (IWM).
- Most Recent 13F
- Q2 2026
- Location
- TOPEKA, KS
- CIK
- 0000869772
- Portfolio Value
- $264.8M (Q1 2025)
- SEC Filing
- 0000869772-25-000084 ↗ filed May 1, 2025
Holdings Value
Holdings 11 stocks · $264.8M
| VIVID SEATS INC | 49.01% | 43,842,095 | $129.8M | No change |
| CLOX Eldridge Aaa Clo ETF | 21.76% | 2,258,806 | $57.6M | No change |
| CLOZ Eldridge BBB-B Clo ETF | 16.31% | 1,625,576 | $43.2M | Add +137.6% |
| TLT iShares 20+ Year Treasury BD | 3.09% | 90,000 | $8.2M | No change |
| FIGS Figs Inc. Class A | 2.63% | 1,516,803 | $7.0M | New |
| GIFT Giftify Inc. | 2.04% | 2,703,478 | $5.4M | No change |
| VMBS Vanguard Mortgage-Backed Sec | 1.75% | 100,000 | $4.6M | Add +15.4% |
| IVV iShares Core S&P 500 ETF | 1.44% | 6,800 | $3.8M | Add +6.3% |
| VEA Vanguard Ftse Developed ETF | 1.36% | 70,800 | $3.6M | Add +32.3% |
| VWO Vanguard Ftse Emerging Marke | 0.48% | 27,800 | $1.3M | Add +4.5% |
| IJH iShares Core S&P Midcap ETF | 0.12% | 5,500 | $321K | Reduce -54.2% |
Other holdings (8): bonds, preferreds, convertibles and warrants · $2.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SEATW Vivid Seats Inc. -CW26 | *W EXP 10/18/202 | 6,519,791 | $1.2M | No change |
| EVEX.WS Eve Holdng Inc. -CW25 | *W EXP 05/09/202 | 4,110,193 | $1.1M | Reduce -0.9% |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 12,500 | $34K | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 150,000 | $33K | No change |
| SLXNW Biomotion Sciences-CW29 | *W EXP 08/15/202 | 150,000 | $11K | No change |
| BSLKW Golden Arrow Merger A -CW26 | *W EXP 08/13/202 | 297,596 | $9K | No change |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 09/13/202 | 118,032 | $9K | No change |
| BNAIW Brand Engagement Netwo -CW27 | *W EXP 03/14/202 | 133,333 | $3K | No change |
Total filed on the 13F, all lines: $267.1M.
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| CLOZ Eldridge BBB-B Clo ETF | Add +137.6% | 16.31% | +10.22 |
| FIGS Figs Inc. Class A | New | 2.63% | +2.63 |
| VEA Vanguard Ftse Developed ETF | Add +32.3% | 1.36% | +0.51 |
| VMBS Vanguard Mortgage-Backed Sec | Add +15.4% | 1.75% | +0.45 |
| IVV iShares Core S&P 500 ETF | Add +6.3% | 1.44% | +0.20 |
| VWO Vanguard Ftse Emerging Marke | Add +4.5% | 0.48% | +0.09 |
Notes & Other Activity Q4 2024 → Q1 2025
| EVEX.WS Eve Holdng Inc. -CW25 | *W EXP 05/09/202 | Reduce -0.9% | 4,110,193 | $1.1M |
| PERCEPTION CAPITAL CORP III | *W EXP 99/99/999 | Sold out | 660,000 | $13Kbefore exit |
| JWSWF Jaws Mustang Acq C -CW26 | *W EXP 01/30/202 | Sold out | 175,000 | $4Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 12 | $180.7M | ARX, CLOZ, CLOX, SEAT, TLT |
| Q1 2026 | 11 | $188.5M | ARX, CLOZ, CLOX, SEAT, TLT |
| Q4 2025 | 11 | $240.0M | ARX, CLOX, CLOZ, SEAT, TLT |
| Q3 2025 | 11 | $246.3M | ARX, CLOX, CLOZ, SEAT, TLT |
| Q2 2025 | 11 | $206.9M | VIVID SEATS INC, CLOX, CLOZ, TLT, VMBS |
| Q1 2025 | 11 | $264.8M | VIVID SEATS INC, CLOX, CLOZ, TLT, FIGS |
| Q4 2024 | 11 | $302.5M | VIVID SEATS INC, CLOX, CLOZ, TLT, VMBS |
| Q3 2024 | 12 | $195.6M | VIVID SEATS INC, SRAD, TLT, GIFT, IVV |
| Q2 2024 | 13 | $301.0M | VIVID SEATS INC, SRAD, TLT, IVV, VMBS |
| Q1 2024 | 13 | $316.8M | VIVID SEATS INC, SRAD, TLT, IVV, VEA |