WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) — Q1 2025 13F-HR

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Q1 2025 · 13F-HR

WHITE MOUNTAINS INSURANCE GROUP LTD (WTM)holdings as filed

Filed 2025-05-12 · accession 0001104659-25-047309

$285.9M

Reported value

Positions

2025-03-31

Period end

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Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
58450V104	MAX	MEDIAALPHA INC	$165.0M	57.7%	17,856,614	Common	SOLE
78462F103	SPY	SPDR S&P 500 ETF TR	$120.9M	42.3%	216,197	Common	SOLE

Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.