# IAT REINSURANCE CO LTD.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1633625. Source: https://holderbook.com/funds/1633625-iat-reinsurance-co-ltd/

- Reported value: $166.5M
- Positions: 77
- Weight of the ten largest: 63.1%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| NAM TAI G63907-10-2 PRIVATE | - | $25.3M | 5,336,452 | 15.2% | 13 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $19.7M | 33,936 | 11.8% | 18 |
| HELIOS TECHNOLOGIES INC | [HLIO](https://holderbook.com/stocks/HLIO/) | $13.4M | 300,000 | 8.0% | 29 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $9.1M | 92,500 | 5.4% | 31 |
| VAIL RESORTS INC | [MTN](https://holderbook.com/stocks/MTN/) | $6.8M | 84,000 | 4.1% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $6.5M | 79,500 | 3.9% | 2 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $6.4M | 157,000 | 3.9% | 1 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $6.0M | 16,133 | 3.6% | 1 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $5.9M | 75,000 | 3.6% | 1 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $5.9M | 50,000 | 3.5% | 1 |
| DELPHI FINANCIAL GROUP - CALLABLE | - | $4.1M | 328,790 | 2.5% | 31 |
| TENNESSEE VALLEY AUTHORITY | [TVE](https://holderbook.com/stocks/TVE/) | $3.3M | 260,000 | 2.0% | 12 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $3.1M | 52,037 | 1.8% | 31 |
| TENNESSEE VALLEY AUTHORITY PARRS | [TVC](https://holderbook.com/stocks/TVC/) | $2.9M | 120,000 | 1.7% | 12 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $2.5M | 12,500 | 1.5% | 8 |
| OXFORD LANE CAP CORP | [OXLCG](https://holderbook.com/stocks/OXLCG/) | $2.5M | 100,000 | 1.5% | 6 |
| OXFORD LANE CAP CORP | [OXLCI](https://holderbook.com/stocks/OXLCI/) | $2.0M | 80,000 | 1.2% | 9 |
| ARGONAUT GROUP STATUTORY TR - CALL | - | $2.0M | 12,000 | 1.2% | 24 |
| NAM TAI PPTY INC | [NTPIF](https://holderbook.com/stocks/NTPIF/) | $1.9M | 5,774,800 | 1.1% | 31 |
| XCEL ENERGY INC-CALLABLE | [XELLL](https://holderbook.com/stocks/XELLL/) | $1.9M | 200,000 | 1.1% | 3 |
| SCULLY ROYALTY LTD | [SRL](https://holderbook.com/stocks/SRL/) | $1.9M | 3,416,664 | 1.1% | 29 |
| AFFILIATED MANAGERS GROUP INC-CALL | [MGRE](https://holderbook.com/stocks/MGRE/) | $1.8M | 80,000 | 1.1% | 10 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $1.7M | 11,937 | 1.0% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.6M | 15,125 | 1.0% | 20 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.3M | 3,780 | 0.8% | 9 |
| PINNACLE FIN  8.397 PFDPFD SER B | [PNFPPRB](https://holderbook.com/stocks/PNFPPRB/) | $1.1M | 120,000 | 0.6% | 1 |
| WINTRUST FINANCIAL CORP-CALL | [WTFCN](https://holderbook.com/stocks/WTFCN/) | $1.1M | 240,000 | 0.6% | 5 |
| RAMCO RES INC-CALLABLE | [METCI](https://holderbook.com/stocks/METCI/) | $1.0M | 80,000 | 0.6% | 4 |
| NEWTEKONE INC-CALLABLE | [NEWTP](https://holderbook.com/stocks/NEWTP/) | $994.2K | 80,000 | 0.6% | 4 |
| TRITON INTL LTD-CALLABLE | [TRTNPRF](https://holderbook.com/stocks/TRTNPRF/) | $978.0K | 80,000 | 0.6% | 6 |
| EAGLE POINT CREDIT CO-CALLABLE | [ECCV](https://holderbook.com/stocks/ECCV/) | $955.2K | 120,000 | 0.6% | 18 |
| ASPEN INSURANCE HOLDINGS-CALL | [AHLPRF](https://holderbook.com/stocks/AHLPRF/) | $934.0K | 80,000 | 0.6% | 7 |
| TRANSCANADA | [TCPA](https://holderbook.com/stocks/TCPA/) | $920.0K | 80,000 | 0.6% | 3 |
| COREBRIDGE FINL INC-CALLABLE | [CRBD](https://holderbook.com/stocks/CRBD/) | $914.0K | 80,000 | 0.5% | 7 |
| CUSTOMERS BANCORP INC | [CUBB](https://holderbook.com/stocks/CUBB/) | $864.0K | 40,000 | 0.5% | 18 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $835.8K | 5,700 | 0.5% | 31 |
| F&G ANNUITIES & LIFE INC - CALLABL | [FGSN](https://holderbook.com/stocks/FGSN/) | $821.2K | 120,000 | 0.5% | 6 |
| Entergy Louisiana LLC 4.875 Due 09/01/66 Callable | [ELC](https://holderbook.com/stocks/ELC/) | $800.0K | 40,000 | 0.5% | 1 |
| AXIS CAPITAL HOLDINGS-CALLABLE | [AXSPRE](https://holderbook.com/stocks/AXSPRE/) | $750.4K | 70,000 | 0.5% | 22 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.4% | 31 |
| B RILEY FINANCIAL INC - CALLABLE | [RILYZ](https://holderbook.com/stocks/RILYZ/) | $738.0K | 140,000 | 0.4% | 20 |
| ARCH CAP G | [ACGLN](https://holderbook.com/stocks/ACGLN/) | $645.8K | 40,000 | 0.4% | 3 |
| SPECTRUM BRANDS HOLDINGS INC | [SPB](https://holderbook.com/stocks/SPB/) | $645.2K | 12,799 | 0.4% | 27 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $628.9K | 79,600 | 0.4% | 31 |
| PHI GROUP INC | [PHIG](https://holderbook.com/stocks/PHIG/) | $565.9K | 39,712 | 0.3% | 23 |
| HUDSON PACIFIC PROPERTIES INC-CALL | [HPPPRC](https://holderbook.com/stocks/HPPPRC/) | $560.0K | 55,000 | 0.3% | 19 |
| US BANCORP -CALLABLE | [USBPRS](https://holderbook.com/stocks/USBPRS/) | $522.9K | 60,000 | 0.3% | 15 |
| FIFTH THIRD BANCORP-CALLABLE | [FITBPRM](https://holderbook.com/stocks/FITBPRM/) | $515.6K | 20,000 | 0.3% | 2 |
| ALGONQUIN POWER & UTILITIES CORP | [AQNB](https://holderbook.com/stocks/AQNB/) | $509.4K | 60,000 | 0.3% | 5 |
| ATLANTICUS HOLDINS CORP - CALL | [ATLCL](https://holderbook.com/stocks/ATLCL/) | $504.7K | 20,000 | 0.3% | 19 |
| BROOKFIELD BRP HLDGS INC-CALLABLE | [BEPJ](https://holderbook.com/stocks/BEPJ/) | $504.4K | 20,000 | 0.3% | 10 |
| WESBANCO INC SER VAR PFD | [WSBCO](https://holderbook.com/stocks/WSBCO/) | $503.4K | 150,000 | 0.3% | 4 |
| M &T BANK | [MTBPRH](https://holderbook.com/stocks/MTBPRH/) | $499.4K | 20,000 | 0.3% | 1 |
| PROSPECT CAP CORP | [PSECPRA](https://holderbook.com/stocks/PSECPRA/) | $492.3K | 30,000 | 0.3% | 20 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $490.2K | 1,948 | 0.3% | 25 |
| KKR & CO INC | [KKRT](https://holderbook.com/stocks/KKRT/) | $483.6K | 180,000 | 0.3% | 5 |
| AMERICAN FINL GROUP | [AFGE](https://holderbook.com/stocks/AFGE/) | $476.1K | 30,000 | 0.3% | 4 |
| SCE TR VIII-CALLABLE | [SCEPRN](https://holderbook.com/stocks/SCEPRN/) | $452.8K | 20,000 | 0.3% | 9 |
| READY CAPITAL CORP | [RCD](https://holderbook.com/stocks/RCD/) | $450.0K | 20,000 | 0.3% | 7 |
| MERCER INTL INC | [MERC](https://holderbook.com/stocks/MERC/) | $415.8K | 18,220,000 | 0.2% | 31 |
| ASPEN INSURANCE HOLDINGS LTD D | [AHLPRE](https://holderbook.com/stocks/AHLPRE/) | $371.0K | 20,000 | 0.2% | 1 |
| AMERICAN FINANCIAL GROUP | [AFGC](https://holderbook.com/stocks/AFGC/) | $354.0K | 50,000 | 0.2% | 4 |
| DTE ENERGY | [DTG](https://holderbook.com/stocks/DTG/) | $338.8K | 20,000 | 0.2% | 1 |
| DTE ENERGY CO CAL DEB 80 | [DTB](https://holderbook.com/stocks/DTB/) | $334.0K | 60,000 | 0.2% | 1 |
| BANK OZK | [OZKAP](https://holderbook.com/stocks/OZKAP/) | $320.4K | 60,000 | 0.2% | 19 |
| PARTNERRE LTD - CALLABLE | [PREJF](https://holderbook.com/stocks/PREJF/) | $320.0K | 120,000 | 0.2% | 6 |
| GLOBE LIFE INC | [GLPRD](https://holderbook.com/stocks/GLPRD/) | $303.0K | 50,000 | 0.2% | 4 |
| PRESURANCE HOLDINGS INC | [PRHIZ](https://holderbook.com/stocks/PRHIZ/) | $175.4K | 35,714 | 0.1% | 1 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $93.3K | 5,040 | 0.1% | 14 |
| CBL & ASSOC PPTYS INC | [CBL](https://holderbook.com/stocks/CBL/) | $34.9K | 658 | 0.0% | 19 |
| OFFICE PPTYS INCOME TR | - | $24.1K | 2,832 | 0.0% | 1 |
| ADIENT PLC | [ADNT](https://holderbook.com/stocks/ADNT/) | $21.9K | 1,193 | 0.0% | 31 |
| KAISER ALUMINIUM CORPORATION | [KALU](https://holderbook.com/stocks/KALU/) | $13.7K | 70 | 0.0% | 31 |
| SVB FINL TR | - | $4.0K | 240,000 | 0.0% | 7 |
| CORSA COAL CORP | - | $2 | 2,226,000 | 0.0% | 31 |
| MYMETICS CORP | [MYMXD](https://holderbook.com/stocks/MYMXD/) | $0 | 175 | 0.0% | 1 |
|  | - | $0 | 2,422 | 0.0% | 1 |

## 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 | +23.5% | +14.8% | +8.7% | 65% |
| Q4 2025 | +1.6% | +2.4% | -0.8% | 69% |
| Q3 2025 | +6.9% | +7.8% | -0.9% | 69% |
| Q2 2025 | -8.5% | +10.5% | -19.0% | 73% |
| Q1 2025 | -5.3% | -4.6% | -0.7% | 76% |
| Q4 2024 | +2.9% | +2.1% | +0.8% | 81% |
| Q3 2024 | -5.1% | +5.4% | -10.5% | 78% |
| Q2 2024 | +0.2% | +4.0% | -3.8% | 119% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $166.5M | 77 |
| Q1 2026 | $309.6M | 66 |
| Q4 2025 | $341.5M | 71 |
| Q3 2025 | $474.9M | 85 |
| Q2 2025 | $445.0M | 83 |
| Q1 2025 | $479.0M | 76 |
| Q4 2024 | $473.7M | 74 |
| Q3 2024 | $441.7M | 72 |
| Q2 2024 | $474.0M | 71 |
| Q1 2024 | $225.0M | 79 |
| Q4 2023 | $540.9M | 82 |
| Q3 2023 | $504.8M | 78 |