AF
American Financial Group Inc — 13F Portfolio Changes & Top Buys (Q2 2026)
American Financial Group IncCIK: 0001042046
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$283.6M
Reporting period: 2026-06-30 · Number of holdings: 89
AMERICAN FINANCIAL GROUP INC disclosed 89 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $283.6M and a quarterly turnover rate of 24.7%.
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Personality snowflake
- Concentration
- 24.31
- Portfolio Stability
- 24.72
- Momentum
- 100
- Sector conviction
- 62.43
- Diversification
- 100
- Sizing Uniformity
- 81.33
American Financial Group Inc's disclosed holdings carry a Herfindahl concentration index of 0.061 — mathematically equivalent to about 16 equally-sized positions, well below its 89 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.87), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim VOYG
-66.5% -$11.3M
New buy GPN
Add C
0.0% $8.4M
New buy FISV
Trim ACI
0.0% -$2.8M
Trim CRM
-55.6% -$3.2M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 73 holdings (of 89 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | C | Citigroup Inc | Stock-Financials | 15.55% | +2.30% | — | |
| 2 | NXST | Nexstar Media Group Inc | Stock-Comm Services | 14.33% | -0.92% | — | |
| 3 | KMB | Kimberly-clark CORP | Stock-Consumer Staples | 4.64% | +1.06% | +20.00% | |
| 4 | ACI | Albertsons Cos Inc - Class A | Stock-Consumer Staples | 3.75% | -1.22% | — | |
| 5 | OWL | Blue Owl Capital Inc | Stock-Financials | 3.64% | -0.35% | — | |
| 6 | VOYG | Voyager Technologies Inc-a | Stock-Other | 3.41% | -4.35% | -66.48% | |
| 7 | MSDL | Morgan Stanley Direct Lendin | Stock-Other | 3.37% | +0.10% | — | |
| 8 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 3.35% | +0.51% | +44.94% | |
| 9 | EPD | Enterprise Products Partners | Stock-Energy | 3.31% | -0.27% | — | |
| 10 | PAA | Plains All Amer Pipeline LP | Stock-Energy | 3.29% | -0.13% | +1.58% | |
| 11 | ET | Energy Transfer LP | Stock-Energy | 3.04% | -0.19% | — | |
| 12 | GPN | Global Payments Inc | Stock-Industrials | 2.44% | +2.44% | NEW | |
| 13 | UBER | Uber Technologies Inc | Stock-Industrials | 2.29% | -0.11% | — | |
| 14 | TALO | Talos Energy Inc | Stock-Other | 2.22% | -0.63% | — | |
| 15 | MNTN | Mntn Inc-a | Stock-Other | 2.04% | +0.15% | +8.63% | |
| 16 | GSBD | Goldman Sachs Bdc Inc | Stock-Other | 1.69% | +0.02% | — | |
| 17 | TYG | Tortoise Energy Infrastruct | Stock-Other | 1.66% | -0.38% | — | |
| 18 | FISV | Fiserv Inc | Stock-Other | 1.64% | +1.64% | NEW | |
| 19 | RPC | Ridgepost Capital Inc-a | Stock-Other | 1.50% | +0.05% | — | |
| 20 | BEN | Franklin Resources Inc | Stock-Financials | 1.40% | +0.36% | — | |
| 21 | KBDC | Kayne Anderson Bdc Inc | Stock-Other | 1.35% | +0.30% | +37.88% | |
| 22 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 1.22% | -0.13% | — | |
| 23 | ACN | Accenture plc | Stock-Tech | 1.10% | +1.10% | NEW | |
| 24 | ECHO | Echostar Corp-a | Stock-Comm Services | 1.07% | +1.07% | NEW | |
| 25 | PFX | Phenixfin CORP | Stock-Other | 0.97% | +0.04% | — | |
| 26 | KHC | Kraft Heinz Co/the | Stock-Consumer Staples | 0.92% | — | — | |
| 27 | OKE | Oneok Inc | Stock-Energy | 0.77% | -0.07% | — | |
| 28 | GTN | Gray Media Inc | Stock-Other | 0.76% | -0.11% | — | |
| 29 | CRM | Salesforce Inc | Stock-Tech | 0.66% | -1.21% | -55.56% | |
| 30 | WDAY | Workday Inc-class A | Stock-Tech | 0.60% | -0.36% | -30.00% | |
| 31 | LCNB | Lcnb Corporation | Stock-Other | 0.58% | +0.04% | — | |
| 32 | NOW | Servicenow Inc | Stock-Tech | 0.56% | +0.37% | +220.00% | |
| 33 | VTRS | Viatris Inc | Stock-Healthcare | 0.56% | +0.06% | — | |
| 34 | MBC | Masterbrand Inc | Stock-Consumer Disc | 0.54% | +0.54% | NEW | |
| 35 | MPLX | Mplx LP | Stock-Energy | 0.50% | -0.03% | — | |
| 36 | EFC | Ellington Financial Inc | Stock-Other | 0.48% | +0.04% | — | |
| 37 | SUN | Sunoco LP | Stock-Other | 0.48% | — | — | |
| 38 | DERM | Journey Medical CORP | Stock-Other | 0.45% | +0.14% | — | |
| 39 | IVZ | Invesco Ltd. | Stock-Financials | 0.42% | +0.01% | — | |
| 40 | KVUE | Kenvue Inc | Stock-Consumer Staples | 0.40% | +0.02% | — | |
| 41 | SHEL | Shell Plc-adr | Stock-Energy | 0.40% | -0.10% | — | |
| 42 | ARI | Apollo Commercial Real Estat | Stock-Other | 0.40% | -0.01% | — | |
| 43 | WES | Western Midstream Partners L | Stock-Energy | 0.39% | — | — | |
| 44 | PSX | Phillips 66 | Stock-Energy | 0.37% | -0.05% | — | |
| 45 | CLPR | Clipper Realty Inc | Stock-Other | 0.36% | -0.06% | — | |
| 46 | TAP | Molson Coors Beverage Co - B | Stock-Consumer Staples | 0.34% | -0.06% | — | |
| 47 | LILA | Liberty Latin America Ltd. | Stock-Other | 0.34% | -0.07% | — | |
| 48 | USAC | USA Compression Partners LP | Stock-Other | 0.33% | -0.02% | — | |
| 49 | DKL | Delek Logistics Partners LP | Stock-Other | 0.31% | — | — | |
| 50 | HESM | Hess Midstream LP - Class A | Stock-Other | 0.29% | -0.03% | — |
1–50 of 73
Portfolio Performance
Performance for Q3 2026
+3.3%
Performance Last 4 Quarters
+22.2%
- Stdev
- +16.4%
- Beta
- +0.87
- Alpha
- +1.1%
- Max Drawdown
- -11.2%
- Annualized Perf
- +18.7%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.05
- Stutzer
- +0.33
- Treynor
- +0.21
- Sterling
- +1.06
- Calmar
- +1.67
- Information Ratio
- -0.12
- Tracking Error
- +11.9%
- Stdev Down
- +9.1%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +40.3%
- Worst 12 Months
- +6.7%
- Efficiency Ratio
- +0.47
- Sharpe
- +1.14
- Stdev Sectors
- +10.2%
- Skewness
- -0.28
- Kurtosis
- -0.66
- Upside Potential
- +3.65
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 89 | $283.6M | 25 | ||
| 2026 Q1 | 87 | $269.7M | 28 | ||
| 2025 Q4 | 81 | $275.8M | 27 | ||
| 2025 Q3 | 77 | $259.5M | 35 | ||
| 2025 Q2 | 80 | $266.6M | 0 | ||
| 2025 Q1 | 80 | $234.0M | 100 | ||
| 2024 Q4 | 81 | $219.6M | 0 | ||
| 2024 Q3 | 86 | $233.5M | 0 | ||
| 2024 Q2 | 88 | $232.9M | 0 | ||
| 2024 Q1 | 93 | $266.1M | 0 | ||
| 2023 Q4 | 100 | $271.9M | 0 | ||
| 2023 Q3 | 111 | $291.0M | 0 | ||
| 2023 Q2 | 117 | $323.6M | 0 | ||
| 2023 Q1 | 119 | $322.0M | 0 | ||
| 2022 Q4 | 124 | $299.3M | 0 | ||
| 2022 Q3 | 121 | $290.5M | 0 | ||
| 2022 Q2 | 121 | $297.1M | 0 | ||
| 2022 Q1 | 113 | $328.9M | 0 | ||
| 2021 Q4 | 117 | $365.1M | 0 | ||
| 2021 Q3 | 119 | $378.4M | 0 | ||
| 2021 Q2 | 118 | $390.8M | 100 | ||
| 2021 Q1 | 162 | $601.2M | 35 | ||
| 2020 Q4 | 223 | $774.2M | 40 | ||
| 2020 Q3 | 239 | $726.1M | 26 | ||
| 2020 Q2 | 257 | $745.9M | 56 | ||
| 2020 Q1 | 283 | $841.5M | 69 | ||
| 2019 Q4 | 263 | $1.2B | 31 | ||
| 2019 Q3 | 286 | $1.2B | 21 | ||
| 2019 Q2 | 288 | $1.2B | 18 | ||
| 2019 Q1 | 272 | $1.1B | 21 | ||
| 2018 Q4 | 285 | $1.1B | 53 | ||
| 2018 Q3 | 217 | $1.0B | 26 | ||
| 2018 Q2 | 220 | $1.0B | 19 | ||
| 2018 Q1 | 223 | $1.1B | 30 | ||
| 2017 Q4 | 208 | $939.5M | 30 | ||
| 2017 Q3 | 213 | $968.7M | 24 | ||
| 2017 Q2 | 217 | $1.0B | 20 | ||
| 2017 Q1 | 200 | $1.1B | 15 | ||
| 2016 Q4 | 204 | $1.0B | 54 | ||
| 2016 Q3 | 249 | $1.4B | 14 | ||
| 2016 Q2 | 252 | $1.3B | 16 | ||
| 2016 Q1 | 258 | $1.3B | 25 | ||
| 2015 Q4 | 266 | $1.3B | 27 | ||
| 2015 Q3 | 291 | $1.4B | 29 | ||
| 2015 Q2 | 264 | $1.2B | 15 | ||
| 2015 Q1 | 258 | $1.3B | 16 | ||
| 2014 Q4 | 254 | $1.3B | 18 | ||
| 2014 Q3 | 245 | $1.2B | 12 | ||
| 2014 Q2 | 249 | $1.2B | 13 | ||
| 2014 Q1 | 223 | $1.1B | 18 | ||
| 2013 Q4 | 212 | $1.0B | 27 | ||
| 2013 Q3 | 215 | $1.1B | 21 | ||
| 2013 Q2 | 214 | $1.1B | — |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
American Financial Group Inc's most significant position changes for 2026-06-30: New buy: Global Payments Inc (GPN); New buy: Fiserv Inc (FISV); New buy: Accenture plc (ACN); New buy: Echostar Corp-a (ECHO); Sold out: ICON Public Limited Company (ICLR).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GPN | Global Payments Inc | +2.4% | NEW | New buy |
| 2 | C | Citigroup Inc | +2.3% | — | Unchanged |
| 3 | FISV | Fiserv Inc | +1.6% | NEW | New buy |
| 4 | ACN | Accenture plc | +1.1% | NEW | New buy |
| 5 | ECHO | Echostar Corp-a | +1.1% | NEW | New buy |
| 6 | KMB | Kimberly-clark CORP | +1.1% | +20.00% | Add |
| 7 | MBC | Masterbrand Inc | +0.5% | NEW | New buy |
| 8 | CMCSA | Comcast Corp-class A | +0.5% | +44.94% | Add |
| 9 | NOW | Servicenow Inc | +0.4% | +220.00% | Add |
| 10 | BEN | Franklin Resources Inc | +0.4% | — | Unchanged |
| 11 | KBDC | Kayne Anderson Bdc Inc | +0.3% | +37.88% | Add |
| 12 | MNTN | Mntn Inc-a | +0.2% | +8.63% | Add |
| 13 | DERM | Journey Medical CORP | +0.1% | — | Unchanged |
| 14 | MSDL | Morgan Stanley Direct Lendin | +0.1% | — | Unchanged |
| 15 | WMB | Williams Cos Inc | +0.1% | +70.00% | Add |
| 16 | XPER | Xperi Inc | +0.1% | — | Unchanged |
| 17 | VTRS | Viatris Inc | +0.1% | — | Unchanged |
| 18 | RPC | Ridgepost Capital Inc-a | +0.1% | — | Unchanged |
| 19 | PFX | Phenixfin CORP | 0% | — | Unchanged |
| 20 | LCNB | Lcnb Corporation | 0% | — | Unchanged |
| 21 | EFC | Ellington Financial Inc | 0% | — | Unchanged |
| 22 | PGEN | Precigen Inc | 0% | — | Unchanged |
| 23 | GSBD | Goldman Sachs Bdc Inc | 0% | — | Unchanged |
| 24 | KVUE | Kenvue Inc | 0% | — | Unchanged |
| 25 | CGTX | Cognition Therapeutics Inc | 0% | — | Unchanged |
| 26 | GLP | Global Partners LP | 0% | — | Unchanged |
| 27 | IVZ | Invesco Ltd. | 0% | — | Unchanged |
| 28 | RC | Ready Capital CORP | 0% | — | Unchanged |
| 29 | CFFN | Capitol Federal Financial In | 0% | — | Unchanged |
| 30 | KHC | Kraft Heinz Co/the | — | — | Unchanged |
| 31 | WES | Western Midstream Partners L | — | — | Unchanged |
| 32 | SUN | Sunoco LP | — | — | Unchanged |
| 33 | BHF | Brighthouse Financial Inc | — | — | Unchanged |
| 34 | DKL | Delek Logistics Partners LP | — | — | Unchanged |
| 35 | CAPL | Crossamerica Partners LP | — | — | Unchanged |
| 36 | FLL | Full House Resorts Inc | — | — | Unchanged |
| 37 | TWO | Two Harbors Investment CORP | — | — | Unchanged |
| 38 | CURI | Curiositystream Inc | — | — | Unchanged |
| 39 | GPMT | Granite Point Mortgage Trust | — | — | Unchanged |
| 40 | KROS | Keros Therapeutics Inc | — | — | Unchanged |
| 41 | KRP | Kimbell Royalty Partners LP | — | — | Unchanged |
| 42 | FLNG | FLEX LNG Ltd. | 0% | +3.03% | Add |
| 43 | ARI | Apollo Commercial Real Estat | 0% | — | Unchanged |
| 44 | VSNT | Versant Media Group Inc | 0% | — | Unchanged |
| 45 | AM | Antero Midstream CORP | 0% | — | Unchanged |
| 46 | USAC | USA Compression Partners LP | 0% | — | Unchanged |
| 47 | KNTK | Kinetik Holdings Inc | 0% | — | Unchanged |
| 48 | OMER | Omeros CORP | 0% | — | Unchanged |
| 49 | HESM | Hess Midstream LP - Class A | 0% | — | Unchanged |
| 50 | MPLX | Mplx LP | 0% | — | Unchanged |
1–50 of 76
Filing History
FAQ
What is American Financial Group Inc and what type of investor is it?
American Financial Group Inc is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $283.6M, spread across 89 disclosed positions.
What are American Financial Group Inc's largest equity positions?
Based on the latest 13F filing, American Financial Group Inc's top holdings by market value are:
1. Citigroup Inc (C) — $44.1M (15.6%)
2. Nexstar Media Group Inc (NXST) — $40.6M (14.3%)
3. Kimberly-clark CORP (KMB) — $13.2M (4.6%)
4. Albertsons Cos Inc - Class A (ACI) — $10.6M (3.8%)
5. Blue Owl Capital Inc (OWL) — $10.3M (3.6%)
What changes did American Financial Group Inc make in its most recent portfolio filing?
In the latest reported quarter, American Financial Group Inc made 19 notable position adjustments: 5 new positions were initiated, 8 existing holdings were added to, 3 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Global Payments Inc (GPN); New buy: Fiserv Inc (FISV); New buy: Accenture plc (ACN); New buy: Echostar Corp-a (ECHO); Sold out: ICON Public Limited Company (ICLR)
What sectors does American Financial Group Inc focus on?
American Financial Group Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 29.2%
• Communication Services: 25.9%
• Energy: 17.4%
• Consumer Staples: 13.8%
• Industrials: 6.5%
• Information Technology: 4.0%
Investment Profile
American Financial Group Inc returned an annualized 18.7% over the trailing 36 months — outperforming the S&P 500 by 1.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.87 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 25 over the past 4 quarters — a shift toward more active trading.
It has added to its KMB position over the past two quarters (+$5.1M, now $13.2M), while trimming VOYG over the same stretch (-$13.7M, still holding $9.7M).
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Developer Access
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REST API
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