Filed: 11/10/2025ACC: 0001214659-25-016141
📋 What this filing means
IAT REINSURANCE CO LTD. filed this quarterly 13F‑HR report disclosing 85 equity positions with a total reported market value of $474.86M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
85
Positions
$474.86M
Total AUM (reported)
40.06M
Total Shares
Allocation by class
COM$382.23M80.5%
PREF$92.64M19.5%
Portfolio Concentration
Top 3$159.44M33.6%
4–10$156.34M32.9%
11–25$102.57M21.6%
Rest$56.52M11.9%
Top 3 weight
33.6%
Top 10 weight
66.5%
Voting Authority Distribution
Total shares with voting rights: 40.06M
Sole
Full voting authority
40.06M
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
Other85
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings85
Rows:
GOLDMAN SACHS GROUP INC
DFNDShares75.20K
TypeSH
Market value$59.89M
12.61%
Sole
75.20K
Shared
0.00
None
0.00
RAYMOND JAMES FNCL INC
DFNDShares298.13K
TypeSH
Market value$51.46M
10.84%
Sole
298.13K
Shared
0.00
None
0.00
MERCER INTERNATIONAL INC SBI
DFNDShares16.70M
TypeSH
Market value$48.10M
10.13%
Sole
16.70M
Shared
0.00
None
0.00
CORNING INC
DFNDShares368.35K
TypeSH
Market value$30.22M
6.36%
Sole
368.35K
Shared
0.00
None
0.00
AMGEN INC
DFNDShares92.50K
TypeSH
Market value$26.10M
5.50%
Sole
92.50K
Shared
0.00
None
0.00
NAM TAI PROPERTY INC
DFNDShares5.77M
TypeSH
Market value$24.77M
5.22%
Sole
5.77M
Shared
0.00
None
0.00
NAM TAI G63907-10-2 PRIVATE
DFNDShares5.34M
TypeSH
Market value$22.89M
4.82%
Sole
5.34M
Shared
0.00
None
0.00
SCULLY ROYALTY LTD
DFNDShares3.42M
TypeSH
Market value$20.50M
4.32%
Sole
3.42M
Shared
0.00
None
0.00
SELECTIVE INS GROUP INC
DFNDShares200K
TypeSH
Market value$16.21M
3.41%
Sole
200K
Shared
0.00
None
0.00
HELIOS TECHNOLOGIES INC
DFNDShares300K
TypeSH
Market value$15.64M
3.29%
Sole
300K
Shared
0.00
None
0.00
VAIL RESORTS INC.
DFNDShares84K
TypeSH
Market value$12.56M
2.65%
Sole
84K
Shared
0.00
None
0.00
TENNESSEE VALLEY AUTHORITY
DFNDShares520K
TypeSH
Market value$12.27M
2.58%
Sole
520K
Shared
0.00
None
0.00
ARGONAUT GROUP STATUTORY TR - CALL
DFNDShares12K
TypeSH
Market value$12.00M
2.53%
Sole
12K
Shared
0.00
None
0.00
EMERSON ELEC CO
DFNDShares80K
TypeSH
Market value$10.49M
2.21%
Sole
80K
Shared
0.00
None
0.00
EXXON MOBIL CORP
DFNDShares79.60K
TypeSH
Market value$8.97M
1.89%
Sole
79.60K
Shared
0.00
None
0.00
DELPHI FINANCIAL GROUP - CALLABLE
DFNDShares328.79K
TypeSH
Market value$7.93M
1.67%
Sole
328.79K
Shared
0.00
None
0.00
ADVANCED MICRO DEVICES INC
DFNDShares33.94K
TypeSH
Market value$5.49M
1.16%
Sole
33.94K
Shared
0.00
None
0.00
WINTRUST FINANCIAL CORP-CALL
DFNDShares200K
TypeSH
Market value$5.44M
1.15%
Sole
200K
Shared
0.00
None
0.00
ALGONQUIN POWER & UTILITIES CORP
DFNDShares200K
TypeSH
Market value$5.09M
1.07%
Sole
200K
Shared
0.00
None
0.00
KKR & CO INC
DFNDShares180K
TypeSH
Market value$4.64M
0.98%
Sole
180K
Shared
0.00
None
0.00
GENERAL ELECTRIC CO
DFNDShares15.13K
TypeSH
Market value$4.55M
0.96%
Sole
15.13K
Shared
0.00
None
0.00
ZIEGLER COS INC THE
DFNDShares48.97K
TypeSH
Market value$4.06M
0.86%
Sole
48.97K
Shared
0.00
None
0.00
WESBANCO INC - CALLABLE
DFNDShares130K
TypeSH
Market value$3.30M
0.69%
Sole
130K
Shared
0.00
None
0.00
F&G ANNUITIES & LIFE INC - CALLABL
DFNDShares120K
TypeSH
Market value$2.90M
0.61%
Sole
120K
Shared
0.00
None
0.00
TENNESSEE VALLEY AUTHORITY PARRS
DFNDShares120K
TypeSH
Market value$2.87M
0.60%
Sole
120K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
GOLDMAN SACHS GROUP INCDFND | Com | 75.20K | SH | $59.89M 12.61% | 75.20K | 0.00 | 0.00 |
RAYMOND JAMES FNCL INCDFND | Com | 298.13K | SH | $51.46M 10.84% | 298.13K | 0.00 | 0.00 |
MERCER INTERNATIONAL INC SBIDFND | Com | 16.70M | SH | $48.10M 10.13% | 16.70M | 0.00 | 0.00 |
CORNING INCDFND | Com | 368.35K | SH | $30.22M 6.36% | 368.35K | 0.00 | 0.00 |
AMGEN INCDFND | Com | 92.50K | SH | $26.10M 5.50% | 92.50K | 0.00 | 0.00 |
NAM TAI PROPERTY INCDFND | Com | 5.77M | SH | $24.77M 5.22% | 5.77M | 0.00 | 0.00 |
NAM TAI G63907-10-2 PRIVATEDFND | Com | 5.34M | SH | $22.89M 4.82% | 5.34M | 0.00 | 0.00 |
SCULLY ROYALTY LTDDFND | Com | 3.42M | SH | $20.50M 4.32% | 3.42M | 0.00 | 0.00 |
SELECTIVE INS GROUP INCDFND | Com | 200K | SH | $16.21M 3.41% | 200K | 0.00 | 0.00 |
HELIOS TECHNOLOGIES INCDFND | Com | 300K | SH | $15.64M 3.29% | 300K | 0.00 | 0.00 |
VAIL RESORTS INC.DFND | Com | 84K | SH | $12.56M 2.65% | 84K | 0.00 | 0.00 |
TENNESSEE VALLEY AUTHORITYDFND | Pref | 520K | SH | $12.27M 2.58% | 520K | 0.00 | 0.00 |
ARGONAUT GROUP STATUTORY TR - CALLDFND | Pref | 12K | SH | $12.00M 2.53% | 12K | 0.00 | 0.00 |
EMERSON ELEC CODFND | Com | 80K | SH | $10.49M 2.21% | 80K | 0.00 | 0.00 |
EXXON MOBIL CORPDFND | Com | 79.60K | SH | $8.97M 1.89% | 79.60K | 0.00 | 0.00 |
DELPHI FINANCIAL GROUP - CALLABLEDFND | Pref | 328.79K | SH | $7.93M 1.67% | 328.79K | 0.00 | 0.00 |
ADVANCED MICRO DEVICES INCDFND | Com | 33.94K | SH | $5.49M 1.16% | 33.94K | 0.00 | 0.00 |
WINTRUST FINANCIAL CORP-CALLDFND | Pref | 200K | SH | $5.44M 1.15% | 200K | 0.00 | 0.00 |
ALGONQUIN POWER & UTILITIES CORPDFND | Pref | 200K | SH | $5.09M 1.07% | 200K | 0.00 | 0.00 |
KKR & CO INCDFND | Pref | 180K | SH | $4.64M 0.98% | 180K | 0.00 | 0.00 |
GENERAL ELECTRIC CODFND | Com | 15.13K | SH | $4.55M 0.96% | 15.13K | 0.00 | 0.00 |
ZIEGLER COS INC THEDFND | Com | 48.97K | SH | $4.06M 0.86% | 48.97K | 0.00 | 0.00 |
WESBANCO INC - CALLABLEDFND | Pref | 130K | SH | $3.30M 0.69% | 130K | 0.00 | 0.00 |
F&G ANNUITIES & LIFE INC - CALLABLDFND | Pref | 120K | SH | $2.90M 0.61% | 120K | 0.00 | 0.00 |
TENNESSEE VALLEY AUTHORITY PARRSDFND | Pref | 120K | SH | $2.87M 0.60% | 120K | 0.00 | 0.00 |
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