Filed: 8/4/2025ACC: 0001214659-25-011450
📋 What this filing means
IAT REINSURANCE CO LTD. filed this quarterly 13F‑HR report disclosing 83 equity positions with a total reported market value of $445.04M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
83
Positions
$445.04M
Total AUM (reported)
39.10M
Total Shares
Allocation by class
COM$358.97M80.7%
PREF$86.07M19.3%
Portfolio Concentration
Top 3$156.63M35.2%
4–10$142.16M31.9%
11–25$94.36M21.2%
Rest$51.90M11.7%
Top 3 weight
35.2%
Top 10 weight
67.1%
Voting Authority Distribution
Total shares with voting rights: 39.10M
Sole
Full voting authority
39.10M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other83
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings83
Rows:
MERCER INTERNATIONAL INC SBI
DFNDShares16.48M
TypeSH
Market value$57.68M
12.96%
Sole
16.48M
Shared
0.00
None
0.00
GOLDMAN SACHS GROUP INC
DFNDShares75.20K
TypeSH
Market value$53.22M
11.96%
Sole
75.20K
Shared
0.00
None
0.00
RAYMOND JAMES FNCL INC
DFNDShares298.13K
TypeSH
Market value$45.72M
10.27%
Sole
298.13K
Shared
0.00
None
0.00
AMGEN INC
DFNDShares92.50K
TypeSH
Market value$25.83M
5.80%
Sole
92.50K
Shared
0.00
None
0.00
NAM TAI PROPERTY INC
DFNDShares5.77M
TypeSH
Market value$24.25M
5.45%
Sole
5.77M
Shared
0.00
None
0.00
NAM TAI G63907-10-2 PRIVATE
DFNDShares5.34M
TypeSH
Market value$22.41M
5.04%
Sole
5.34M
Shared
0.00
None
0.00
SCULLY ROYALTY LTD
DFNDShares3.42M
TypeSH
Market value$19.82M
4.45%
Sole
3.42M
Shared
0.00
None
0.00
CORNING INC
DFNDShares367.35K
TypeSH
Market value$19.32M
4.34%
Sole
367.35K
Shared
0.00
None
0.00
SELECTIVE INS GROUP INC
DFNDShares200K
TypeSH
Market value$17.33M
3.89%
Sole
200K
Shared
0.00
None
0.00
VAIL RESORTS INC.
DFNDShares84K
TypeSH
Market value$13.20M
2.97%
Sole
84K
Shared
0.00
None
0.00
ARGONAUT GROUP STATUTORY TR - CALL
DFNDShares12K
TypeSH
Market value$12.00M
2.70%
Sole
12K
Shared
0.00
None
0.00
EMERSON ELEC CO
DFNDShares80K
TypeSH
Market value$10.67M
2.40%
Sole
80K
Shared
0.00
None
0.00
HELIOS TECHNOLOGIES INC
DFNDShares300K
TypeSH
Market value$10.01M
2.25%
Sole
300K
Shared
0.00
None
0.00
EXXON MOBIL CORP
DFNDShares79.60K
TypeSH
Market value$8.58M
1.93%
Sole
79.60K
Shared
0.00
None
0.00
DELPHI FINANCIAL GROUP - CALLABLE
DFNDShares328.79K
TypeSH
Market value$7.97M
1.79%
Sole
328.79K
Shared
0.00
None
0.00
TENNESSEE VALLEY AUTHORITY
DFNDShares260K
TypeSH
Market value$6.03M
1.36%
Sole
260K
Shared
0.00
None
0.00
WINTRUST FINANCIAL CORP-CALL
DFNDShares200K
TypeSH
Market value$5.13M
1.15%
Sole
200K
Shared
0.00
None
0.00
KKR & CO INC
DFNDShares200K
TypeSH
Market value$5.10M
1.15%
Sole
200K
Shared
0.00
None
0.00
WINTRUST FINANCIAL CORP-CALLABLE
DFNDShares200K
TypeSH
Market value$5.07M
1.14%
Sole
200K
Shared
0.00
None
0.00
ALGONQUIN POWER & UTILITIES CORP
DFNDShares200K
TypeSH
Market value$5.04M
1.13%
Sole
200K
Shared
0.00
None
0.00
ADVANCED MICRO DEVICES INC
DFNDShares33.94K
TypeSH
Market value$4.82M
1.08%
Sole
33.94K
Shared
0.00
None
0.00
ZIEGLER COS INC THE
DFNDShares48.97K
TypeSH
Market value$4.06M
0.91%
Sole
48.97K
Shared
0.00
None
0.00
GENERAL ELECTRIC CO
DFNDShares15.13K
TypeSH
Market value$3.89M
0.87%
Sole
15.13K
Shared
0.00
None
0.00
WINTRUST FINL CORP
DFNDShares120K
TypeSH
Market value$3.05M
0.68%
Sole
120K
Shared
0.00
None
0.00
F&G ANNUITIES & LIFE INC - CALLABL
DFNDShares120K
TypeSH
Market value$2.93M
0.66%
Sole
120K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MERCER INTERNATIONAL INC SBIDFND | Com | 16.48M | SH | $57.68M 12.96% | 16.48M | 0.00 | 0.00 |
GOLDMAN SACHS GROUP INCDFND | Com | 75.20K | SH | $53.22M 11.96% | 75.20K | 0.00 | 0.00 |
RAYMOND JAMES FNCL INCDFND | Com | 298.13K | SH | $45.72M 10.27% | 298.13K | 0.00 | 0.00 |
AMGEN INCDFND | Com | 92.50K | SH | $25.83M 5.80% | 92.50K | 0.00 | 0.00 |
NAM TAI PROPERTY INCDFND | Com | 5.77M | SH | $24.25M 5.45% | 5.77M | 0.00 | 0.00 |
NAM TAI G63907-10-2 PRIVATEDFND | Com | 5.34M | SH | $22.41M 5.04% | 5.34M | 0.00 | 0.00 |
SCULLY ROYALTY LTDDFND | Com | 3.42M | SH | $19.82M 4.45% | 3.42M | 0.00 | 0.00 |
CORNING INCDFND | Com | 367.35K | SH | $19.32M 4.34% | 367.35K | 0.00 | 0.00 |
SELECTIVE INS GROUP INCDFND | Com | 200K | SH | $17.33M 3.89% | 200K | 0.00 | 0.00 |
VAIL RESORTS INC.DFND | Com | 84K | SH | $13.20M 2.97% | 84K | 0.00 | 0.00 |
ARGONAUT GROUP STATUTORY TR - CALLDFND | Pref | 12K | SH | $12.00M 2.70% | 12K | 0.00 | 0.00 |
EMERSON ELEC CODFND | Com | 80K | SH | $10.67M 2.40% | 80K | 0.00 | 0.00 |
HELIOS TECHNOLOGIES INCDFND | Com | 300K | SH | $10.01M 2.25% | 300K | 0.00 | 0.00 |
EXXON MOBIL CORPDFND | Com | 79.60K | SH | $8.58M 1.93% | 79.60K | 0.00 | 0.00 |
DELPHI FINANCIAL GROUP - CALLABLEDFND | Pref | 328.79K | SH | $7.97M 1.79% | 328.79K | 0.00 | 0.00 |
TENNESSEE VALLEY AUTHORITYDFND | Pref | 260K | SH | $6.03M 1.36% | 260K | 0.00 | 0.00 |
WINTRUST FINANCIAL CORP-CALLDFND | Pref | 200K | SH | $5.13M 1.15% | 200K | 0.00 | 0.00 |
KKR & CO INCDFND | Pref | 200K | SH | $5.10M 1.15% | 200K | 0.00 | 0.00 |
WINTRUST FINANCIAL CORP-CALLABLEDFND | Pref | 200K | SH | $5.07M 1.14% | 200K | 0.00 | 0.00 |
ALGONQUIN POWER & UTILITIES CORPDFND | Pref | 200K | SH | $5.04M 1.13% | 200K | 0.00 | 0.00 |
ADVANCED MICRO DEVICES INCDFND | Com | 33.94K | SH | $4.82M 1.08% | 33.94K | 0.00 | 0.00 |
ZIEGLER COS INC THEDFND | Com | 48.97K | SH | $4.06M 0.91% | 48.97K | 0.00 | 0.00 |
GENERAL ELECTRIC CODFND | Com | 15.13K | SH | $3.89M 0.87% | 15.13K | 0.00 | 0.00 |
WINTRUST FINL CORPDFND | Pref | 120K | SH | $3.05M 0.68% | 120K | 0.00 | 0.00 |
F&G ANNUITIES & LIFE INC - CALLABLDFND | Pref | 120K | SH | $2.93M 0.66% | 120K | 0.00 | 0.00 |
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