CR
Capital Returns Management, LLC Historical SEC 13F Holdings & Archive (Q3 2020)
Capital Returns Management, LLCCIK: 0001525092
ContrarianQuality / disciplined sizing
Total reported value
$38.7M
Reporting period: 2020-09-30 · Number of holdings: 12
Capital Returns Management, LLC disclosed 12 holdings in its latest 13F filing for the period ending 2020-09-30, with total reported value of $38.7M and a quarterly turnover rate of 51.1%.
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Personality snowflake
- Concentration
- 49.88
- Portfolio Stability
- 51.1
- Momentum
- 0
- Sector conviction
- 0
- Diversification
- 24
- Sizing Uniformity
- 92.64
Sector classification currently covers about 24% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd G94787101
-14.8% $1.4M
Trim ACGL
-50.0% -$2.1M
Trim RNR
-47.2% -$1.5M
Add G0464B107
+10.4% $401.0K
Add VOYA
0.0% $52.0K
Trim ESGRP
-25.0% -$506.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ✓ | Watford Holdings LTD | Stock-Other | 25.40% | +6.01% | -14.84% | |
| 2 | ✓ | Argo Group International Holdi | Stock-Other | 12.36% | +2.24% | +10.41% | |
| 3 | FFG | Fbl Financial Group Inc-cl A | Stock-Other | 9.22% | +9.22% | NEW | |
| 4 | JRVR | James River Group Holdings, Inc. | Stock-Other | 9.20% | -0.14% | -11.11% | |
| 5 | CB | Chubb Limited | Stock-Financials | 9.00% | +0.24% | — | |
| 6 | PROS | Prosight Global Inc | Stock-Other | 7.01% | +7.01% | NEW | |
| 7 | PTVCB | Protective Insurance Corp- B | Stock-Other | 6.95% | +0.19% | +5.36% | |
| 8 | ACGL | Arch Capital Group Ltd. | Stock-Financials | 5.66% | -4.25% | -50.00% | |
| 9 | VOYA | Voya Financial Inc | Stock-Financials | 5.06% | +0.66% | — | |
| 10 | ESGRP | Enstar Group Limited - Deposita | Stock-Other | 5.00% | -0.64% | -25.00% | |
| 11 | RNR | RenaissanceRe Holdings Ltd. | Stock-Financials | 4.16% | -2.94% | -47.22% | |
| 12 | PTVCA | Protective Insurance Corp- A | Stock-Other | 0.97% | +0.10% | +23.52% |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2020 Q3 | 12 | $38.7M | 51 | ||
| 2020 Q2 | 11 | $43.4M | 100 | ||
| 2020 Q1 | 13 | $39.3M | 100 | ||
| 2019 Q4 | 15 | $54.9M | 46 | ||
| 2019 Q3 | 14 | $60.6M | 100 | ||
| 2019 Q2 | 23 | $175.6M | 44 | ||
| 2019 Q1 | 24 | $186.7M | 59 | ||
| 2018 Q4 | 21 | $179.1M | 43 | ||
| 2018 Q3 | 25 | $213.8M | 54 | ||
| 2018 Q2 | 27 | $295.7M | 53 | ||
| 2018 Q1 | 21 | $327.6M | 100 | ||
| 2017 Q4 | 19 | $322.0M | 52 | ||
| 2017 Q3 | 21 | $343.5M | 62 | ||
| 2017 Q2 | 21 | $298.5M | 51 | ||
| 2017 Q1 | 22 | $332.2M | 51 | ||
| 2016 Q4 | 20 | $234.5M | 65 | ||
| 2016 Q3 | 19 | $210.4M | 35 | ||
| 2016 Q2 | 18 | $178.8M | 42 | ||
| 2016 Q1 | 19 | $234.6M | 71 | ||
| 2015 Q4 | 18 | $204.8M | 38 | ||
| 2015 Q3 | 24 | $237.8M | 100 | ||
| 2015 Q2 | 22 | $168.5M | 0 | ||
| 2015 Q1 | 18 | $154.5M | 40 | ||
| 2014 Q4 | 17 | $137.5M | 58 | ||
| 2014 Q3 | 21 | $135.2M | 30 | ||
| 2014 Q2 | 18 | $118.1M | 49 | ||
| 2014 Q1 | 20 | $115.4M | 41 | ||
| 2013 Q4 | 20 | $109.1M | 0 |
* 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
Capital Returns Management, LLC's most significant position changes for 2020-09-30: Sold out: Benefytt Technologies Inc (HIIQEUR); New buy: Fbl Financial Group Inc-cl A (FFG); New buy: Prosight Global Inc (PROS); Trim: Watford Holdings LTD — shares -14.84%; Trim: Arch Capital Group Ltd. (ACGL) — shares -50.00%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | Watford Holdings LTD | +6% | -14.84% | Trim |
| 2 | ✓ | Argo Group International Holdi | +2.2% | +10.41% | Add |
| 3 | VOYA | Voya Financial Inc | +0.7% | — | Unchanged |
| 4 | CB | Chubb Limited | +0.2% | — | Unchanged |
| 5 | PTVCB | Protective Insurance Corp- B | +0.2% | +5.36% | Add |
| 6 | PTVCA | Protective Insurance Corp- A | +0.1% | +23.52% | Add |
| 7 | JRVR | James River Group Holdings, Inc. | -0.1% | -11.11% | Trim |
| 8 | ESGRP | Enstar Group Limited - Deposita | -0.6% | -25.00% | Trim |
| 9 | RNR | RenaissanceRe Holdings Ltd. | -2.9% | -47.22% | Trim |
| 10 | ACGL | Arch Capital Group Ltd. | -4.3% | -50.00% | Trim |
| 11 | HIIQEUR | Benefytt Technologies Inc | — | EXIT | Sold out |
| 12 | FFG | Fbl Financial Group Inc-cl A | — | NEW | New buy |
| 13 | PROS | Prosight Global Inc | — | NEW | New buy |
Filing History
FAQ
What is Capital Returns Management, LLC and what type of investor is it?
Capital Returns Management, LLC 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 (2020-09-30), the firm manages a tracked equity portfolio valued at approximately $38.7M, spread across 12 disclosed positions.
What are Capital Returns Management, LLC's largest equity positions?
Based on the latest 13F filing, Capital Returns Management, LLC's top holdings by market value are:
1. Watford Holdings LTD — $9.8M (25.4%)
2. Argo Group International Holdi — $4.8M (12.4%)
3. Fbl Financial Group Inc-cl A (FFG) — $3.6M (9.2%)
4. James River Group Holdings, Inc. (JRVR) — $3.6M (9.2%)
5. Chubb Limited (CB) — $3.5M (9.0%)
What changes did Capital Returns Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Capital Returns Management, LLC made 11 notable position adjustments: 2 new positions were initiated, 3 existing holdings were added to, 5 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Benefytt Technologies Inc (HIIQEUR); New buy: Fbl Financial Group Inc-cl A (FFG); New buy: Prosight Global Inc (PROS); Trim: Watford Holdings LTD — shares -14.84%; Trim: Arch Capital Group Ltd. (ACGL) — shares -50.00%
What sectors does Capital Returns Management, LLC focus on?
Capital Returns Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 100.0%
Investment Profile
Capital Returns Management, LLC's portfolio is moderately concentrated and moderately active, with 100.0% of the portfolio concentrated in Financials.
Its turnover score has fallen from 100 to 51 over the past 4 quarters — a shift toward longer holding periods.
It has added to its WATFORD HOLDINGS LTD position for two straight quarters, increasing it by $5.0M to reach $9.8M.
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Developer Access
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