Auto-Owners Insurance Co — AI-Powered 13F Analysis

CIK: 0001964189

Diversified strategyContrarianLong-term holder

Total reported value

$4.8B

Reporting period: 2026-03-31 · Number of holdings: 188

Auto-Owners Insurance Co disclosed 188 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $4.8B and a quarterly turnover rate of 7.3%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "A"

Personality snowflake

Concentration: 27.76
Portfolio Stability: 7.29
Momentum/Contrarian: 0
Sector conviction: 41.1
Diversification: 100
Sizing Uniformity: 74.67

Auto-Owners Insurance Co's disclosed holdings carry a Herfindahl concentration index of 0.069 — mathematically equivalent to about 14 equally-sized positions, well below its 188 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 2.53), 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.

Sector classification currently covers about 25% 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.

Recent moves

Trim XNTK
-99.6%　-$32.9M
Add DOW
-95.7%　$29.4M
Trim ITOT
-99.3%　-$22.5M
Add SPDW
-97.7%　$24.4M
Trim GOOG
-99.7%　-$15.5M
Trim MSFT
-99.8%　-$14.1M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 106 holdings (of 188 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPDW	Ste Str Spdr Pt Dw EU ETF	ETF-Other	18.77%	+0.46%	-97.75%
2	ITOT	Ishares Core S&p Total U.s.	ETF-Other	10.72%	-0.50%	-99.33%
3	XNTK	Ss Spdr Nyse Tech ETF	ETF-Tech	7.79%	-0.71%	-99.64%
4	EFV	Ishares Msci Eafe Value ETF	ETF-Other	7.14%	+0.26%	-98.60%
5	IDEV	Ishares Core Msci Dev Mkts	ETF-Other	4.55%	+0.05%	-98.79%
6	FNDF	Schwab Fndmn Intl Lrg Co ETF	ETF-Other	3.66%	+0.20%	-97.79%
7	GOOG	Alphabet Inc-cl C	Stock-Comm Services	3.44%	-0.34%	-99.68%
8	VYM	Vanguard High Dvd Yield ETF	ETF-Other	3.21%	+0.09%	-99.30%
9	IUSV	Ishares Core S&p U.s. Value	ETF-Other	2.90%	—	-99.03%
10	SPYD	Ss Spdr P S&p 500 Hi Div ETF	ETF-Large Cap & Growth	2.61%	+0.11%	-97.69%
11	BRK-A	Berkshire Hathaway Inc-cl A	Stock-Other	2.51%	-0.14%	-100.00%
12	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	2.03%	—	-98.14%
13	META	Meta Platforms Inc-class A	Stock-Comm Services	1.91%	-0.30%	-99.85%
14	AMZN	Amazon.com INC	Stock-Consumer Disc	1.86%	-0.21%	-99.57%
15	JNJ	Johnson & Johnson	Stock-Healthcare	1.72%	+0.26%	-99.52%
16	SPMD	Ss Spdr P S&p 400 Midcap ETF	ETF-Other	1.65%	+0.03%	-98.27%
17	VEA	Vanguard Ftse Developed ETF	ETF-Other	1.58%	+0.03%	-98.40%
18	VB	Vanguard Small-cap ETF	ETF-Other	1.54%	+0.01%	-99.61%
19	DOW	Dow INC	Stock-Materials	1.41%	+0.62%	-95.72%
20	GE	General Electric	Stock-Industrials	1.27%	-0.11%	-99.68%
21	PII	Polaris INC	Stock-Consumer Disc	1.18%	-0.19%	-98.42%
22	PEP	Pepsico INC	Stock-Consumer Staples	1.12%	+0.09%	-99.30%
23	CSCO	Cisco Systems INC	Stock-Tech	1.10%	—	-98.70%
24	DGRO	Ishares Core Dividend Growth	ETF-Other	1.01%	+0.01%	-98.56%
25	GEV	GE Vernova INC	Stock-Industrials	0.97%	+0.24%	-99.85%
26	MSFT	Microsoft CORP	Stock-Tech	0.96%	-0.30%	-99.79%
27	EPD	Enterprise Products Partners	Stock-Energy	0.79%	+0.12%	-96.88%
28	VCR	Vanguard Consumer Discre ETF	ETF-Other	0.70%	-0.07%	-99.75%
29	BDX	Becton Dickinson And Co	Stock-Healthcare	0.69%	-0.16%	-99.48%
30	USB	US Bancorp	Stock-Financials	0.68%	-0.02%	-98.13%
31	XLRE	Ss Real Estate Select Sector	ETF-Other	0.66%	—	-97.52%
32	GEHC	GE Healthcare Technology	Stock-Healthcare	0.62%	-0.09%	-98.78%
33	DVYE	Ishares Emerging Markets Div	ETF-Emerging Markets	0.59%	+0.05%	-96.79%
34	Q	Qnity Electronics INC	Stock-Tech	0.53%	+0.53%	NEW
35	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	0.53%	+0.02%	-98.51%
36	6D8	Dupont De Nemours INC	Stock-Other	0.42%	+0.05%	-97.51%
37	BAX	Baxter International INC	Stock-Healthcare	0.37%	-0.05%	-94.77%
38	CCL1EUR	Carnival CORP LTD	Stock-Consumer Disc	0.35%	-0.07%	-96.73%
39	KHC	Kraft Heinz Co/the	Stock-Consumer Staples	0.32%	-0.03%	-95.88%
40	AMSF	Amerisafe INC	Stock-Other	0.30%	-0.04%	-97.40%
41	TFC	Truist Financial CORP	Stock-Financials	0.28%	-0.02%	-97.97%
42	MMM	3m Co	Stock-Industrials	0.28%	-0.03%	-99.38%
43	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	0.25%	-0.01%	-99.70%
44	RTX	Rtx CORP	Stock-Industrials	0.22%	+0.01%	-99.45%
45	AVB	Avalonbay Communities INC	Stock-Real Estate	0.22%	-0.03%	-99.45%
46	ENB	Enbridge INC	Stock-Energy	0.20%	+0.02%	-97.91%
47	WAT	Waters CORP	Stock-Healthcare	0.18%	+0.18%	NEW
48	FMC	Fmc CORP	Stock-Materials	0.16%	+0.03%	-92.79%
49	HMC	Honda Motor Co Ltd-spons Adr	Stock-Consumer Disc	0.15%	-0.03%	-96.61%
50	WDAY	Workday Inc-class A	Stock-Tech	0.13%	-0.08%	-99.53%

1–50 of 106

Portfolio Performance

Performance for Q3 2026

+1%

Performance Last 4 Quarters

+24.8%

Based on 58% of reported portfolio value with available pricing

Stdev: +12.5%
Beta: +0.86
Alpha: +3.5%
Max Drawdown: -6.6%
Annualized Perf: +20.2%
Batting Avg vs S&P: +52.8%
Sortino: +3.47
Stutzer: +0.47
Treynor: +0.23
Sterling: +1.34
Calmar: +3.08
Information Ratio: +0.14
Tracking Error: +6%
Stdev Down: +5.6%
Winning Months %: +69.4%
Losing Months %: +30.6%
Best 12 Months: +37.4%
Worst 12 Months: +11.2%
Efficiency Ratio: +0.68
Sharpe: +1.54
Stdev Sectors: +6.1%
Skewness: +0.51
Kurtosis: +1.45
Upside Potential: +5.01

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	188	$4.8B	7	1SPDW 2ITOT 3XNTK Top holdings2026-03-31 1.SPDW 2.ITOT 3.XNTK 4.EFV 5.IDEV 6.FNDF 7.GOOG 8.VYM 9.IUSV 10.SPYD
2025-12-31	181	$4.8B	23	1SPDW 2ITOT 3XNTK Top holdings2025-12-31 1.SPDW 2.ITOT 3.XNTK 4.EFV 5.IDEV 6.GOOG 7.FNDF 8.VYM 9.IUSV 10.BRK-A
2025-09-30	186	$3.9B	100	1SPDW 2ITOT 3XNTK Top holdings2025-09-30 1.SPDW 2.ITOT 3.XNTK 4.EFV 5.IDEV 6.BRK-A 7.FNDF 8.GOOG 9.VYM 10.META
2025-06-30	187	$4.5B	0	1SPDW 2ITOT 3XNTK Top holdings2025-06-30 1.SPDW 2.ITOT 3.XNTK 4.FNDF 5.EFV 6.IDEV 7.GE 8.META 9.BRK-A 10.GOOG
2025-03-31	184	$3.8B	0	1XLRE 2DVYE 3RIO Top holdings2025-03-31 1.XLRE 2.DVYE 3.RIO 4.SNA 5.ITOT 6.SPDW 7.IEMG 8.GOOG 9.BDX 10.LIN
2024-12-31	181	$4.4B	0	1SPDW 2ITOT 3FNDF Top holdings2024-12-31 1.SPDW 2.ITOT 3.FNDF 4.XNTK 5.EFV 6.IDEV 7.VYM 8.GOOG 9.IUSV 10.SPYD
2024-09-30	197	$4.1B	0	1SPDW 2ITOT 3FNDF Top holdings2024-09-30 1.SPDW 2.ITOT 3.FNDF 4.XNTK 5.EFV 6.XLF 7.IDEV 8.BRK-A 9.META 10.GOOG
2024-06-30	195	$3.8B	0	1SPDW 2ITOT 3FNDF Top holdings2024-06-30 1.SPDW 2.ITOT 3.FNDF 4.XNTK 5.EFV 6.XLF 7.IDEV 8.GOOG 9.BRK-A 10.VYM
2024-03-31	190	$3.8B	0	1SPDW 2ITOT 3FNDF Top holdings2024-03-31 1.SPDW 2.ITOT 3.FNDF 4.XNTK 5.EFV 6.XLF 7.IDEV 8.BRK-A 9.GOOG 10.GE
2023-12-31	189	$3.3B	0	1SPDW 2ITOT 3FNDF Top holdings2023-12-31 1.SPDW 2.ITOT 3.FNDF 4.EFV 5.XNTK 6.XLF 7.IDEV 8.BRK-A 9.GOOG 10.VYM
2023-09-30	195	$3.0B	0	1SPDW 2FNDF 3ITOT Top holdings2023-09-30 1.SPDW 2.FNDF 3.ITOT 4.EFV 5.XNTK 6.IDEV 7.XLF 8.BRK-A 9.GOOG 10.VYM
2023-06-30	192	$3.1B	0	1SPDW 2FNDF 3ITOT Top holdings2023-06-30 1.SPDW 2.FNDF 3.ITOT 4.EFV 5.XNTK 6.IDEV 7.XLF 8.BRK-A 9.VYM 10.SPYD
2023-03-31	191	$2.9B	0	1SPDW 2FNDF 3ITOT Top holdings2023-03-31 1.SPDW 2.FNDF 3.ITOT 4.EFV 5.IDEV 6.XNTK 7.XLF 8.SPYD 9.VYM 10.BRK-A
2022-12-31	150	$2.7B	0	1SPDW 2FNDF 3ITOT Top holdings2022-12-31 1.SPDW 2.FNDF 3.ITOT 4.EFV 5.XLF 6.IDEV 7.XNTK 8.SPYD 9.VYM 10.BRK-A

Holding changes this quarter

Auto-Owners Insurance Co's most significant position changes for 2026-03-31: New buy: Qnity Electronics INC (Q); New buy: Waters CORP (WAT); Trim: Ss Spdr Nyse Tech ETF (XNTK) — shares -99.64%; Trim: Dow INC (DOW) — shares -95.72%; Trim: Ishares Core S&p Total U.s. (ITOT) — shares -99.33%.

Position changes disclosed by Auto-Owners Insurance Co for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	DOW	Dow INC	+0.6%	-95.72%	Trim
2	SPDW	Ste Str Spdr Pt Dw EU ETF	+0.5%	-97.75%	Trim
3	EFV	Ishares Msci Eafe Value ETF	+0.3%	-98.60%	Trim
4	JNJ	Johnson & Johnson	+0.3%	-99.52%	Trim
5	GEV	GE Vernova INC	+0.2%	-99.85%	Trim
6	FNDF	Schwab Fndmn Intl Lrg Co ETF	+0.2%	-97.79%	Trim
7	EPD	Enterprise Products Partners	+0.1%	-96.88%	Trim
8	SPYD	Ss Spdr P S&p 500 Hi Div ETF	+0.1%	-97.69%	Trim
9	VYM	Vanguard High Dvd Yield ETF	+0.1%	-99.30%	Trim
10	PEP	Pepsico INC	+0.1%	-99.30%	Trim
11	IDEV	Ishares Core Msci Dev Mkts	+0.1%	-98.79%	Trim
12	DVYE	Ishares Emerging Markets Div	+0.1%	-96.79%	Trim
13	6D8	Dupont De Nemours INC	+0.1%	-97.51%	Trim
14	VEA	Vanguard Ftse Developed ETF	0%	-98.40%	Trim
15	SPMD	Ss Spdr P S&p 400 Midcap ETF	0%	-98.27%	Trim
16	FMC	Fmc CORP	0%	-92.79%	Trim
17	ENB	Enbridge INC	0%	-97.91%	Trim
18	AMAT	Applied Materials INC	0%	-99.61%	Trim
19	IEMG	Ishares Core Msci Emerging	0%	-98.51%	Trim
20	VB	Vanguard Small-cap ETF	0%	-99.61%	Trim
21	INTC	Intel CORP	0%	-97.29%	Trim
22	DGRO	Ishares Core Dividend Growth	0%	-98.56%	Trim
23	RTX	Rtx CORP	0%	-99.45%	Trim
24	VWO	Vanguard Ftse Emerging Marke	—	-98.14%	Trim
25	VTI	Vanguard Total Stock Mkt ETF	0%	-99.70%	Trim
26	TFC	Truist Financial CORP	0%	-97.97%	Trim
27	USB	US Bancorp	0%	-98.13%	Trim
28	ORCL	Oracle CORP	0%	-99.49%	Trim
29	HMC	Honda Motor Co Ltd-spons Adr	0%	-96.61%	Trim
30	MMM	3m Co	0%	-99.38%	Trim
31	KHC	Kraft Heinz Co/the	0%	-95.88%	Trim
32	AVB	Avalonbay Communities INC	0%	-99.45%	Trim
33	AMSF	Amerisafe INC	0%	-97.40%	Trim
34	BAX	Baxter International INC	-0.1%	-94.77%	Trim
35	VCR	Vanguard Consumer Discre ETF	-0.1%	-99.75%	Trim
36	CCL1EUR	Carnival CORP LTD	-0.1%	-96.73%	Trim
37	WDAY	Workday Inc-class A	-0.1%	-99.53%	Trim
38	GEHC	GE Healthcare Technology	-0.1%	-98.78%	Trim
39	GE	General Electric	-0.1%	-99.68%	Trim
40	BRK-A	Berkshire Hathaway Inc-cl A	-0.1%	-100.00%	Trim
41	BDX	Becton Dickinson And Co	-0.2%	-99.48%	Trim
42	PII	Polaris INC	-0.2%	-98.42%	Trim
43	AMZN	Amazon.com INC	-0.2%	-99.57%	Trim
44	MSFT	Microsoft CORP	-0.3%	-99.79%	Trim
45	META	Meta Platforms Inc-class A	-0.3%	-99.85%	Trim
46	GOOG	Alphabet Inc-cl C	-0.3%	-99.68%	Trim
47	ITOT	Ishares Core S&p Total U.s.	-0.5%	-99.33%	Trim
48	XNTK	Ss Spdr Nyse Tech ETF	-0.7%	-99.64%	Trim
49	Q	Qnity Electronics INC	—	NEW	New buy
50	WAT	Waters CORP	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-04-10	13F-HR	View on EDGAR
2025-12-31	2026-03-09	13F-HR	View on EDGAR
2025-12-31	2026-03-09	Amendment	View on EDGAR
2025-09-30	2025-11-19	Amendment	View on EDGAR
2025-09-30	2025-11-17	13F-HR	View on EDGAR
2025-06-30	2025-08-01	13F-HR	View on EDGAR
2025-03-31	2025-05-06	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-12	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-08	13F-HR	View on EDGAR
2023-12-31	2024-02-13	13F-HR	View on EDGAR
2023-09-30	2023-10-11	13F-HR	View on EDGAR
2023-06-30	2023-08-02	13F-HR	View on EDGAR
2023-03-31	2023-05-09	13F-HR	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR

FAQ

What is Auto-Owners Insurance Co and what type of investor is it?

Auto-Owners Insurance Co is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $4.8B, spread across 188 disclosed positions.

What are Auto-Owners Insurance Co's largest equity positions?

Based on the latest 13F filing, Auto-Owners Insurance Co's top holdings by market value are: 1. Ste Str Spdr Pt Dw EU ETF (SPDW) — $896.5M (18.8%) 2. Ishares Core S&p Total U.s. (ITOT) — $512.1M (10.7%) 3. Ss Spdr Nyse Tech ETF (XNTK) — $371.8M (7.8%) 4. Ishares Msci Eafe Value ETF (EFV) — $341.1M (7.1%) 5. Ishares Core Msci Dev Mkts (IDEV) — $217.1M (4.5%)

What changes did Auto-Owners Insurance Co make in its most recent portfolio filing?

In the latest reported quarter, Auto-Owners Insurance Co made 50 notable position adjustments: 2 new positions were initiated, 0 existing holdings were added to, 48 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Qnity Electronics INC (Q); New buy: Waters CORP (WAT); Trim: Ss Spdr Nyse Tech ETF (XNTK) — shares -99.64%; Trim: Dow INC (DOW) — shares -95.72%; Trim: Ishares Core S&p Total U.s. (ITOT) — shares -99.33%

What sectors does Auto-Owners Insurance Co focus on?

Auto-Owners Insurance Co is concentrated in the following sectors based on its current disclosed equity portfolio: • Communication Services: 21.9% • Health Care: 15.7% • Consumer Discretionary: 14.4% • Information Technology: 12.5% • Industrials: 12.2% • Materials: 6.8%

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Auto-Owners Insurance Co — AI-Powered 13F Analysis

CIK: 0001964189

Diversified strategyContrarianLong-term holder

Total reported value

$4.8B

Reporting period: 2026-03-31 · Number of holdings: 188

Auto-Owners Insurance Co disclosed 188 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $4.8B and a quarterly turnover rate of 7.3%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "A"

Personality snowflake

Concentration: 27.76
Portfolio Stability: 7.29
Momentum/Contrarian: 0
Sector conviction: 41.1
Diversification: 100
Sizing Uniformity: 74.67

Position sizes vary widely across the portfolio (a coefficient of variation of 2.53), 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.

Recent moves

Trim XNTK
-99.6%　-$32.9M
Add DOW
-95.7%　$29.4M
Trim ITOT
-99.3%　-$22.5M
Add SPDW
-97.7%　$24.4M
Trim GOOG
-99.7%　-$15.5M
Trim MSFT
-99.8%　-$14.1M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 106 holdings (of 188 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPDW	Ste Str Spdr Pt Dw EU ETF	ETF-Other	18.77%	+0.46%	-97.75%
2	ITOT	Ishares Core S&p Total U.s.	ETF-Other	10.72%	-0.50%	-99.33%
3	XNTK	Ss Spdr Nyse Tech ETF	ETF-Tech	7.79%	-0.71%	-99.64%
4	EFV	Ishares Msci Eafe Value ETF	ETF-Other	7.14%	+0.26%	-98.60%
5	IDEV	Ishares Core Msci Dev Mkts	ETF-Other	4.55%	+0.05%	-98.79%
6	FNDF	Schwab Fndmn Intl Lrg Co ETF	ETF-Other	3.66%	+0.20%	-97.79%
7	GOOG	Alphabet Inc-cl C	Stock-Comm Services	3.44%	-0.34%	-99.68%
8	VYM	Vanguard High Dvd Yield ETF	ETF-Other	3.21%	+0.09%	-99.30%
9	IUSV	Ishares Core S&p U.s. Value	ETF-Other	2.90%	—	-99.03%
10	SPYD	Ss Spdr P S&p 500 Hi Div ETF	ETF-Large Cap & Growth	2.61%	+0.11%	-97.69%
11	BRK-A	Berkshire Hathaway Inc-cl A	Stock-Other	2.51%	-0.14%	-100.00%
12	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	2.03%	—	-98.14%
13	META	Meta Platforms Inc-class A	Stock-Comm Services	1.91%	-0.30%	-99.85%
14	AMZN	Amazon.com INC	Stock-Consumer Disc	1.86%	-0.21%	-99.57%
15	JNJ	Johnson & Johnson	Stock-Healthcare	1.72%	+0.26%	-99.52%
16	SPMD	Ss Spdr P S&p 400 Midcap ETF	ETF-Other	1.65%	+0.03%	-98.27%
17	VEA	Vanguard Ftse Developed ETF	ETF-Other	1.58%	+0.03%	-98.40%
18	VB	Vanguard Small-cap ETF	ETF-Other	1.54%	+0.01%	-99.61%
19	DOW	Dow INC	Stock-Materials	1.41%	+0.62%	-95.72%
20	GE	General Electric	Stock-Industrials	1.27%	-0.11%	-99.68%
21	PII	Polaris INC	Stock-Consumer Disc	1.18%	-0.19%	-98.42%
22	PEP	Pepsico INC	Stock-Consumer Staples	1.12%	+0.09%	-99.30%
23	CSCO	Cisco Systems INC	Stock-Tech	1.10%	—	-98.70%
24	DGRO	Ishares Core Dividend Growth	ETF-Other	1.01%	+0.01%	-98.56%
25	GEV	GE Vernova INC	Stock-Industrials	0.97%	+0.24%	-99.85%
26	MSFT	Microsoft CORP	Stock-Tech	0.96%	-0.30%	-99.79%
27	EPD	Enterprise Products Partners	Stock-Energy	0.79%	+0.12%	-96.88%
28	VCR	Vanguard Consumer Discre ETF	ETF-Other	0.70%	-0.07%	-99.75%
29	BDX	Becton Dickinson And Co	Stock-Healthcare	0.69%	-0.16%	-99.48%
30	USB	US Bancorp	Stock-Financials	0.68%	-0.02%	-98.13%
31	XLRE	Ss Real Estate Select Sector	ETF-Other	0.66%	—	-97.52%
32	GEHC	GE Healthcare Technology	Stock-Healthcare	0.62%	-0.09%	-98.78%
33	DVYE	Ishares Emerging Markets Div	ETF-Emerging Markets	0.59%	+0.05%	-96.79%
34	Q	Qnity Electronics INC	Stock-Tech	0.53%	+0.53%	NEW
35	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	0.53%	+0.02%	-98.51%
36	6D8	Dupont De Nemours INC	Stock-Other	0.42%	+0.05%	-97.51%
37	BAX	Baxter International INC	Stock-Healthcare	0.37%	-0.05%	-94.77%
38	CCL1EUR	Carnival CORP LTD	Stock-Consumer Disc	0.35%	-0.07%	-96.73%
39	KHC	Kraft Heinz Co/the	Stock-Consumer Staples	0.32%	-0.03%	-95.88%
40	AMSF	Amerisafe INC	Stock-Other	0.30%	-0.04%	-97.40%
41	TFC	Truist Financial CORP	Stock-Financials	0.28%	-0.02%	-97.97%
42	MMM	3m Co	Stock-Industrials	0.28%	-0.03%	-99.38%
43	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	0.25%	-0.01%	-99.70%
44	RTX	Rtx CORP	Stock-Industrials	0.22%	+0.01%	-99.45%
45	AVB	Avalonbay Communities INC	Stock-Real Estate	0.22%	-0.03%	-99.45%
46	ENB	Enbridge INC	Stock-Energy	0.20%	+0.02%	-97.91%
47	WAT	Waters CORP	Stock-Healthcare	0.18%	+0.18%	NEW
48	FMC	Fmc CORP	Stock-Materials	0.16%	+0.03%	-92.79%
49	HMC	Honda Motor Co Ltd-spons Adr	Stock-Consumer Disc	0.15%	-0.03%	-96.61%
50	WDAY	Workday Inc-class A	Stock-Tech	0.13%	-0.08%	-99.53%

1–50 of 106

Portfolio Performance

Performance for Q3 2026

+1%

Performance Last 4 Quarters

+24.8%

Based on 58% of reported portfolio value with available pricing

Stdev: +12.5%
Beta: +0.86
Alpha: +3.5%
Max Drawdown: -6.6%
Annualized Perf: +20.2%
Batting Avg vs S&P: +52.8%
Sortino: +3.47
Stutzer: +0.47
Treynor: +0.23
Sterling: +1.34
Calmar: +3.08
Information Ratio: +0.14
Tracking Error: +6%
Stdev Down: +5.6%
Winning Months %: +69.4%
Losing Months %: +30.6%
Best 12 Months: +37.4%
Worst 12 Months: +11.2%
Efficiency Ratio: +0.68
Sharpe: +1.54
Stdev Sectors: +6.1%
Skewness: +0.51
Kurtosis: +1.45
Upside Potential: +5.01

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	188	$4.8B	7	1SPDW 2ITOT 3XNTK Top holdings2026-03-31 1.SPDW 2.ITOT 3.XNTK 4.EFV 5.IDEV 6.FNDF 7.GOOG 8.VYM 9.IUSV 10.SPYD
2025-12-31	181	$4.8B	23	1SPDW 2ITOT 3XNTK Top holdings2025-12-31 1.SPDW 2.ITOT 3.XNTK 4.EFV 5.IDEV 6.GOOG 7.FNDF 8.VYM 9.IUSV 10.BRK-A
2025-09-30	186	$3.9B	100	1SPDW 2ITOT 3XNTK Top holdings2025-09-30 1.SPDW 2.ITOT 3.XNTK 4.EFV 5.IDEV 6.BRK-A 7.FNDF 8.GOOG 9.VYM 10.META
2025-06-30	187	$4.5B	0	1SPDW 2ITOT 3XNTK Top holdings2025-06-30 1.SPDW 2.ITOT 3.XNTK 4.FNDF 5.EFV 6.IDEV 7.GE 8.META 9.BRK-A 10.GOOG
2025-03-31	184	$3.8B	0	1XLRE 2DVYE 3RIO Top holdings2025-03-31 1.XLRE 2.DVYE 3.RIO 4.SNA 5.ITOT 6.SPDW 7.IEMG 8.GOOG 9.BDX 10.LIN
2024-12-31	181	$4.4B	0	1SPDW 2ITOT 3FNDF Top holdings2024-12-31 1.SPDW 2.ITOT 3.FNDF 4.XNTK 5.EFV 6.IDEV 7.VYM 8.GOOG 9.IUSV 10.SPYD
2024-09-30	197	$4.1B	0	1SPDW 2ITOT 3FNDF Top holdings2024-09-30 1.SPDW 2.ITOT 3.FNDF 4.XNTK 5.EFV 6.XLF 7.IDEV 8.BRK-A 9.META 10.GOOG
2024-06-30	195	$3.8B	0	1SPDW 2ITOT 3FNDF Top holdings2024-06-30 1.SPDW 2.ITOT 3.FNDF 4.XNTK 5.EFV 6.XLF 7.IDEV 8.GOOG 9.BRK-A 10.VYM
2024-03-31	190	$3.8B	0	1SPDW 2ITOT 3FNDF Top holdings2024-03-31 1.SPDW 2.ITOT 3.FNDF 4.XNTK 5.EFV 6.XLF 7.IDEV 8.BRK-A 9.GOOG 10.GE
2023-12-31	189	$3.3B	0	1SPDW 2ITOT 3FNDF Top holdings2023-12-31 1.SPDW 2.ITOT 3.FNDF 4.EFV 5.XNTK 6.XLF 7.IDEV 8.BRK-A 9.GOOG 10.VYM
2023-09-30	195	$3.0B	0	1SPDW 2FNDF 3ITOT Top holdings2023-09-30 1.SPDW 2.FNDF 3.ITOT 4.EFV 5.XNTK 6.IDEV 7.XLF 8.BRK-A 9.GOOG 10.VYM
2023-06-30	192	$3.1B	0	1SPDW 2FNDF 3ITOT Top holdings2023-06-30 1.SPDW 2.FNDF 3.ITOT 4.EFV 5.XNTK 6.IDEV 7.XLF 8.BRK-A 9.VYM 10.SPYD
2023-03-31	191	$2.9B	0	1SPDW 2FNDF 3ITOT Top holdings2023-03-31 1.SPDW 2.FNDF 3.ITOT 4.EFV 5.IDEV 6.XNTK 7.XLF 8.SPYD 9.VYM 10.BRK-A
2022-12-31	150	$2.7B	0	1SPDW 2FNDF 3ITOT Top holdings2022-12-31 1.SPDW 2.FNDF 3.ITOT 4.EFV 5.XLF 6.IDEV 7.XNTK 8.SPYD 9.VYM 10.BRK-A

Holding changes this quarter

Position changes disclosed by Auto-Owners Insurance Co for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	DOW	Dow INC	+0.6%	-95.72%	Trim
2	SPDW	Ste Str Spdr Pt Dw EU ETF	+0.5%	-97.75%	Trim
3	EFV	Ishares Msci Eafe Value ETF	+0.3%	-98.60%	Trim
4	JNJ	Johnson & Johnson	+0.3%	-99.52%	Trim
5	GEV	GE Vernova INC	+0.2%	-99.85%	Trim
6	FNDF	Schwab Fndmn Intl Lrg Co ETF	+0.2%	-97.79%	Trim
7	EPD	Enterprise Products Partners	+0.1%	-96.88%	Trim
8	SPYD	Ss Spdr P S&p 500 Hi Div ETF	+0.1%	-97.69%	Trim
9	VYM	Vanguard High Dvd Yield ETF	+0.1%	-99.30%	Trim
10	PEP	Pepsico INC	+0.1%	-99.30%	Trim
11	IDEV	Ishares Core Msci Dev Mkts	+0.1%	-98.79%	Trim
12	DVYE	Ishares Emerging Markets Div	+0.1%	-96.79%	Trim
13	6D8	Dupont De Nemours INC	+0.1%	-97.51%	Trim
14	VEA	Vanguard Ftse Developed ETF	0%	-98.40%	Trim
15	SPMD	Ss Spdr P S&p 400 Midcap ETF	0%	-98.27%	Trim
16	FMC	Fmc CORP	0%	-92.79%	Trim
17	ENB	Enbridge INC	0%	-97.91%	Trim
18	AMAT	Applied Materials INC	0%	-99.61%	Trim
19	IEMG	Ishares Core Msci Emerging	0%	-98.51%	Trim
20	VB	Vanguard Small-cap ETF	0%	-99.61%	Trim
21	INTC	Intel CORP	0%	-97.29%	Trim
22	DGRO	Ishares Core Dividend Growth	0%	-98.56%	Trim
23	RTX	Rtx CORP	0%	-99.45%	Trim
24	VWO	Vanguard Ftse Emerging Marke	—	-98.14%	Trim
25	VTI	Vanguard Total Stock Mkt ETF	0%	-99.70%	Trim
26	TFC	Truist Financial CORP	0%	-97.97%	Trim
27	USB	US Bancorp	0%	-98.13%	Trim
28	ORCL	Oracle CORP	0%	-99.49%	Trim
29	HMC	Honda Motor Co Ltd-spons Adr	0%	-96.61%	Trim
30	MMM	3m Co	0%	-99.38%	Trim
31	KHC	Kraft Heinz Co/the	0%	-95.88%	Trim
32	AVB	Avalonbay Communities INC	0%	-99.45%	Trim
33	AMSF	Amerisafe INC	0%	-97.40%	Trim
34	BAX	Baxter International INC	-0.1%	-94.77%	Trim
35	VCR	Vanguard Consumer Discre ETF	-0.1%	-99.75%	Trim
36	CCL1EUR	Carnival CORP LTD	-0.1%	-96.73%	Trim
37	WDAY	Workday Inc-class A	-0.1%	-99.53%	Trim
38	GEHC	GE Healthcare Technology	-0.1%	-98.78%	Trim
39	GE	General Electric	-0.1%	-99.68%	Trim
40	BRK-A	Berkshire Hathaway Inc-cl A	-0.1%	-100.00%	Trim
41	BDX	Becton Dickinson And Co	-0.2%	-99.48%	Trim
42	PII	Polaris INC	-0.2%	-98.42%	Trim
43	AMZN	Amazon.com INC	-0.2%	-99.57%	Trim
44	MSFT	Microsoft CORP	-0.3%	-99.79%	Trim
45	META	Meta Platforms Inc-class A	-0.3%	-99.85%	Trim
46	GOOG	Alphabet Inc-cl C	-0.3%	-99.68%	Trim
47	ITOT	Ishares Core S&p Total U.s.	-0.5%	-99.33%	Trim
48	XNTK	Ss Spdr Nyse Tech ETF	-0.7%	-99.64%	Trim
49	Q	Qnity Electronics INC	—	NEW	New buy
50	WAT	Waters CORP	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-04-10	13F-HR	View on EDGAR
2025-12-31	2026-03-09	13F-HR	View on EDGAR
2025-12-31	2026-03-09	Amendment	View on EDGAR
2025-09-30	2025-11-19	Amendment	View on EDGAR
2025-09-30	2025-11-17	13F-HR	View on EDGAR
2025-06-30	2025-08-01	13F-HR	View on EDGAR
2025-03-31	2025-05-06	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-12	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-08	13F-HR	View on EDGAR
2023-12-31	2024-02-13	13F-HR	View on EDGAR
2023-09-30	2023-10-11	13F-HR	View on EDGAR
2023-06-30	2023-08-02	13F-HR	View on EDGAR
2023-03-31	2023-05-09	13F-HR	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR