Q3 2025 · 13F-HR
IAT REINSURANCE CO LTD.holdings as filed
Filed 2025-11-10 · accession 0001214659-25-016141
$474.9M
Reported value
85
Positions
2025-09-30
Period end
The Brief · IAT REINSURANCE CO LTD. · Q3 2025
AI · grounded in 13F
IAT REINSURANCE CO LTD. established a new position in GS valued at $59.89M. The fund also initiated new stakes in RJF for $51.46M and MERC for $48.10M. Other new additions include GLW, AMGN, and NTPIF.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $59.9M | 12.6% | 75,200 | Common | SOLE |
| 754730109 | RJF | RAYMOND JAMES FNCL INC | $51.5M | 10.8% | 298,125 | Common | SOLE |
| 588056101 | MERC | MERCER INTERNATIONAL INC SBI | $48.1M | 10.1% | 16,700,000 | Common | SOLE |
| 219350105 | GLW | CORNING INC | $30.2M | 6.36% | 368,350 | Common | SOLE |
| 031162100 | AMGN | AMGEN INC | $26.1M | 5.50% | 92,500 | Common | SOLE |
| G63907102 | NTPIF | NAM TAI PROPERTY INC | $24.8M | 5.22% | 5,774,800 | Common | SOLE |
| G63907PP1 | NTPIF | NAM TAI G63907-10-2 PRIVATE | $22.9M | 4.82% | 5,336,452 | Common | SOLE |
| G7T96K107 | SRL | SCULLY ROYALTY LTD | $20.5M | 4.32% | 3,416,664 | Common | SOLE |
| 816300107 | SIGI | SELECTIVE INS GROUP INC | $16.2M | 3.41% | 200,000 | Common | SOLE |
| 42328H109 | HLIO | HELIOS TECHNOLOGIES INC | $15.6M | 3.29% | 300,000 | Common | SOLE |
| 91879Q109 | MTN | VAIL RESORTS INC. | $12.6M | 2.65% | 84,000 | Common | SOLE |
| 880591409 | TVA | TENNESSEE VALLEY AUTHORITY | $12.3M | 2.58% | 520,000 | Common | SOLE |
| 8AMCSFQW9 | — | ARGONAUT GROUP STATUTORY TR - CALL | $12.0M | 2.53% | 12,000 | Common | SOLE |
| 291011104 | EMR | EMERSON ELEC CO | $10.5M | 2.21% | 80,000 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $9.0M | 1.89% | 79,600 | Common | SOLE |
| 247131303 | TOMARI V0 05/15/37 | DELPHI FINANCIAL GROUP - CALLABLE | $7.9M | 1.67% | 328,790 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $5.5M | 1.16% | 33,936 | Common | SOLE |
| 97650W702 | WTFC | WINTRUST FINANCIAL CORP-CALL | $5.4M | 1.15% | 200,000 | Common | SOLE |
| 015857808 | AQN | ALGONQUIN POWER & UTILITIES CORP | $5.1M | 1.07% | 200,000 | Common | SOLE |
| 48251W609 | KKR | KKR & CO INC | $4.6M | 0.98% | 180,000 | Common | SOLE |
| 369604301 | GE | GENERAL ELECTRIC CO | $4.5M | 0.96% | 15,125 | Common | SOLE |
| 989506308 | — | ZIEGLER COS INC THE | $4.1M | 0.86% | 48,972 | Common | SOLE |
| 950810887 | WSBC V7.375 PERP B | WESBANCO INC - CALLABLE | $3.3M | 0.69% | 130,000 | Common | SOLE |
| 30190A609 | FG | F&G ANNUITIES & LIFE INC - CALLABL | $2.9M | 0.61% | 120,000 | Common | SOLE |
| 880591300 | TVA | TENNESSEE VALLEY AUTHORITY PARRS | $2.9M | 0.60% | 120,000 | Common | SOLE |
| 269809885 | ECC | EAGLE POINT CREDIT CO-CALLABLE | $2.8M | 0.59% | 120,000 | Common | SOLE |
| G87052109 | TEL | TE CONNECTIVITY COM | $2.7M | 0.58% | 12,500 | Common | SOLE |
| G51502105 | JCI | JOHNSON CTLS INTL PLC | $2.6M | 0.55% | 23,874 | Common | SOLE |
| 691543854 | OXLC | OXFORD LANE CAP CORP | $2.5M | 0.53% | 100,000 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORPORATION | $2.5M | 0.52% | 16,000 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $2.3M | 0.49% | 3,780 | Common | SOLE |
| G68603169 | PRE | PARTNERRE LTD - CALLABLE | $2.1M | 0.44% | 120,000 | Common | SOLE |
| 75134P808 | METC | RAMCO RES INC-CALLABLE | $2.1M | 0.43% | 80,000 | Common | SOLE |
| 691543862 | OXLC | OXFORD LANE CAP CORP | $2.0M | 0.43% | 80,000 | Common | SOLE |
| 200340701 | CMA 6.875 PERP B | COMERICA INC-CALLABLE | $2.0M | 0.43% | 80,000 | Common | SOLE |
| G05384170 | AHL | ASPEN INSURANCE HOLDINGS-CALL | $2.0M | 0.42% | 80,000 | Common | SOLE |
| G9078F164 | — | TRITON INTL LTD-CALLABLE | $2.0M | 0.42% | 80,000 | Common | SOLE |
| 21871X208 | CRBG | COREBRIDGE FINL INC-CALLABLE | $1.9M | 0.41% | 80,000 | Common | SOLE |
| 008252827 | AMG | AFFILIATED MANAGERS GROUP INC-CALL | $1.9M | 0.41% | 80,000 | Common | SOLE |
| 652526864 | NEWT | NEWTEKONE INC-CALLABLE | $1.9M | 0.41% | 80,000 | Common | SOLE |
| 580135101 | MCD | MCDONALDS CORP | $1.9M | 0.40% | 6,250 | Common | SOLE |
| 05580M819 | RILY | B RILEY FINANCIAL INC - CALLABLE | $1.6M | 0.33% | 140,000 | Common | SOLE |
| 05461T305 | AXS | AXIS CAPITAL HOLDINGS-CALLABLE | $1.5M | 0.32% | 70,000 | Common | SOLE |
| 69360B104 | PHIG | PHI GROUP INC | $1.3M | 0.27% | 39,712 | Common | SOLE |
| 169373107 | XXCHNXX | CHINA FUND INC | $1.3M | 0.27% | 68,399 | Common | SOLE |
| 902973668 | USB 4.5 PERP O | US BANCORP -CALLABLE | $1.2M | 0.25% | 60,000 | Common | SOLE |
| 06417N202 | OZK | BANK OZK | $1.0M | 0.22% | 60,000 | Common | SOLE |
| 742718109 | PG | PROCTER & GAMBLE CO | $875,805 | 0.18% | 5,700 | Common | SOLE |
| 23204G803 | CUBI | CUSTOMERS BANCORP INC | $858,000 | 0.18% | 40,000 | Common | SOLE |
| 74348T565 | PSEC | PROSPECT CAP CORP | $823,000 | 0.17% | 50,000 | Common | SOLE |
| 37959E300 | GL | GLOBE LIFE INC - CALLABLE | $819,750 | 0.17% | 50,000 | Common | SOLE |
| 444097307 | HPP | HUDSON PACIFIC PROPERTIES INC-CALL | $780,450 | 0.16% | 55,000 | Common | SOLE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC DEL CL A | $754,200 | 0.16% | 1 | Common | SOLE |
| 84790A105 | SPB | SPECTRUM BRANDS HOLDINGS INC | $672,331 | 0.14% | 12,799 | Common | SOLE |
| 025932880 | AFG 5.125 12/15/59 | AMERICAN FINL GROUP INC OHIO-CALL | $614,100 | 0.13% | 30,000 | Common | SOLE |
| 023939101 | AMTM | AMENTUM HOLDINGS INC | $591,397 | 0.12% | 24,693 | Common | SOLE |
| 025932864 | AFG | AMERICAN FINANCIAL GR INC OH-CALL | $563,559 | 0.12% | 30,000 | Common | SOLE |
| 637417106 | NNN | NATIONAL RETAIL PPTYS INC | $553,410 | 0.12% | 13,000 | Common | SOLE |
| 055622104 | BP | BP P.L.C. SPONSORED ADR - CMN | $516,900 | 0.11% | 15,000 | Common | SOLE |
| 025676867 | ANGINC V9.977 PERP B | AMERICAN NATIONAL GROUP INC | $504,400 | 0.11% | 20,000 | Common | SOLE |
| 04914Y300 | ATLC 6.125 11/30/26 | ATLANTICUS HOLDINS CORP - CALL | $501,246 | 0.11% | 20,000 | Common | SOLE |
| 11259P307 | BEPUCN 7.25 PERP | BROOKFIELD BRP HLDGS INC-CALLABLE | $494,000 | 0.10% | 20,000 | Common | SOLE |
| 75574U838 | RC | READY CAPITAL CORP | $479,198 | 0.10% | 20,000 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $451,040 | 0.09% | 1,948 | Common | SOLE |
| 80620A208 | EIX | SCE TR VIII-CALLABLE | $439,000 | 0.09% | 20,000 | Common | SOLE |
| 459200101 | IBM | INTL BUSINESS MACHINES CORP | $423,240 | 0.09% | 1,500 | Common | SOLE |
| 36266G107 | GEHC | GE HEALTHCARE TECHNOLOGIES INC | $378,504 | 0.08% | 5,040 | Common | SOLE |
| 78442P502 | SLM | SLM CORP PFD SERIES B | $337,995 | 0.07% | 4,500 | Common | SOLE |
| 20731J102 | PRHI | CONIFER HOLDINGS INC | $305,025 | 0.06% | 250,000 | Common | SOLE |
| 67623C208 | OPI 6.375 06/23/50 0000 | OFFICE PPTYS INCOME TR | $186,000 | 0.04% | 40,000 | Common | SOLE |
| 50575Q300 | LTS | LADENBURG THALMAN FIN SVCS INC | $110,050 | 0.02% | 5,000 | Common | SOLE |
| 29082K105 | EMBC | EMBECTA CORP | $56,440 | 0.01% | 4,000 | Common | SOLE |
| 68622V106 | OGN | ORGANON CO | $32,040 | 0.01% | 3,000 | Common | SOLE |
| G0084W101 | ADNT | ADIENT LTD | $28,727 | 0.01% | 1,193 | Common | SOLE |
| 124830878 | CBL | CBL & ASSOC PPTYS INC | $20,122 | 0.00% | 658 | Common | SOLE |
| 78500B403 | SVBFTR 0 11/07/29 C | SVB FINL TR | $16,800 | 0.00% | 240,000 | Common | SOLE |
| 67011P100 | DNOW | NOW INC DE | $16,775 | 0.00% | 1,100 | Common | SOLE |
| 50155Q100 | KD | KYNDRYL HLDGS INC | $9,009 | 0.00% | 300 | Common | SOLE |
| 22041E609 | CRSXQ | CORSA COAL CORP | $8,094 | 0.00% | 2,226,000 | Common | SOLE |
| 483007704 | KALU | KAISER ALUM CORP DEPOSITARY S CMN | $5,401 | 0.00% | 70 | Common | SOLE |
| 05532D107 | BLIAQ | BB LIQUIDATING INC - CLASS A | $813 | 0.00% | 54,211 | Common | SOLE |
| 05532D206 | BLIBQ | BB LIQUIDATING INC - CLASS B | $434 | 0.00% | 54,211 | Common | SOLE |
| 949746887 | WFC | WELLS FARGO & COMPANY PFT SERIES J | $97 | 0.00% | 387 | Common | SOLE |
| 12802T101 | CDVIQ | CAL DIVE INTERNATIONAL INC | $50 | 0.00% | 500,000 | Common | SOLE |
| 77638R108 | — | ROOMSTORE INC - CMN | $4 | 0.00% | 43,661 | 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.