# Amtrust Financial Services, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1365555. Source: https://holderbook.com/funds/1365555-amtrust-financial-services-inc/

- Reported value: $336.4M
- Positions: 15
- Weight of the ten largest: 98.3%
- Filed: 2026-07-29

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $134.9M | 196,400 | 40.1% | 19 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $118.3M | 158,000 | 35.2% | 19 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $19.3M | 367,800 | 5.7% | 23 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $15.8M | 45,800 | 4.7% | 19 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $9.8M | 98,560 | 2.9% | 23 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $9.0M | 270,400 | 2.7% | 23 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $7.1M | 9,600 | 2.1% | 5 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $6.7M | 22,200 | 2.0% | 19 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $6.4M | 250,600 | 1.9% | 23 |
| LEMONADE INC | [LMND](https://holderbook.com/stocks/LMND/) | $3.7M | 56,644 | 1.1% | 16 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $2.9M | 88,500 | 0.9% | 10 |
| CIRCLE INTERNET GROUP INC | [CRCL](https://holderbook.com/stocks/CRCL/) | $1.6M | 25,994 | 0.5% | 3 |
| CLIPPER RLTY INC | [CLPR](https://holderbook.com/stocks/CLPR/) | $630.9K | 231,949 | 0.2% | 31 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $200.0K | 3,125 | 0.1% | 14 |
| CAPITAL SOUTHWEST CORP | - | $177.4K | 170,000 | 0.1% | 7 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.1% | +14.8% | -2.7% | 100% |
| Q1 2026 | -3.5% | -4.6% | +1.2% | 99% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 99% |
| Q3 2025 | +6.9% | +7.8% | -1.0% | 99% |
| Q2 2025 | +8.7% | +10.5% | -1.8% | 98% |
| Q1 2025 | -3.6% | -4.6% | +0.9% | 95% |
| Q4 2024 | +1.6% | +2.1% | -0.5% | 96% |
| Q3 2024 | +5.3% | +5.4% | -0.1% | 96% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $336.4M | 15 |
| Q1 2026 | $299.8M | 15 |
| Q4 2025 | $315.6M | 15 |
| Q3 2025 | $300.7M | 15 |
| Q2 2025 | $281.8M | 15 |
| Q1 2025 | $207.3M | 15 |
| Q4 2024 | $221.6M | 15 |
| Q3 2024 | $216.9M | 14 |
| Q2 2024 | $205.6M | 14 |
| Q1 2024 | $199.7M | 15 |
| Q4 2023 | $185.4M | 15 |
| Q3 2023 | $168.4M | 14 |