13F COMBINATION REPORT
IAT REINSURANCE CO LTD.
Quarter ended Q2 2023 · Filed May 10, 2023 · Accession 0001214659-23-006723
Total Value
$488.7M
Positions
79
Other Managers
9
Confidential Omitted
No
Holdings (79)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MERCER INTERNATIONAL INC SBI | 588056101 | 16,480,000 | $161.1M | 32.96% |
| 2 | GOLDMAN SACHS GROUP INC | GSCE | 111,500 | $36.5M | 7.46% |
| 3 | RAYMOND JAMES FNCL INC | 754730109 | 298,125 | $27.8M | 5.69% |
| 4 | SCULLY ROYALTY LTD | SRL | 3,416,664 | $22.9M | 4.68% |
| 5 | AMGEN INC | AMGN | 92,500 | $22.4M | 4.58% |
| 6 | VAIL RESORTS INC. | MTN | 84,000 | $19.6M | 4.02% |
| 7 | HELIOS TECHNOLOGIES INC | HLIO | 300,000 | $19.6M | 4.01% |
| 8 | SELECTIVE INS GROUP INC | 816300107 | 200,000 | $19.1M | 3.90% |
| 9 | CORNING INC | GLW | 367,350 | $13.0M | 2.65% |
| 10 | NAM TAI PROPERTY INC | NTPIF | 5,774,800 | $12.1M | 2.48% |
| 11 | ARGONAUT GROUP STATUTORY TR - CALL | 8AMCSFQW9 | 12,000 | $12.0M | 2.46% |
| 12 | JEFFERIES FINANCIAL GROUP INC | 47233W109 | 360,872 | $11.5M | 2.34% |
| 13 | BOEING CO | BA-PA | 42,400 | $9.0M | 1.84% |
| 14 | EXXON MOBIL CORP | XOM | 79,600 | $8.7M | 1.79% |
| 15 | DTE ENERGY CO - CALLABLE | DTK | 340,000 | $7.9M | 1.63% |
| 16 | EMERSON ELEC CO | EMR | 80,000 | $7.0M | 1.43% |
| 17 | ADVANCED MICRO DEVICES INC | AMD | 68,936 | $6.8M | 1.38% |
| 18 | AGRIBANK FCB - CALLABLE | 00850L203 | 45,300 | $4.5M | 0.93% |
| 19 | FARM CREDIT BK OF TEXAS-CALL-144A | 30767E406 | 44,000 | $4.4M | 0.90% |
| 20 | COBANK ACB | 19075Q862 | 36,296 | $3.5M | 0.71% |
| 21 | BLACKSTONE GROUP INC CLASS A | BX | 38,000 | $3.3M | 0.68% |
| 22 | PFSWEB INC | 717098206 | 750,000 | $3.2M | 0.65% |
| 23 | AT&T INC - CALLABLE | T-PC | 130,000 | $3.1M | 0.63% |
| 24 | DCP MIDSTREAM LP | 23311P308 | 120,000 | $3.0M | 0.61% |
| 25 | VOLKSWAGEN AG | 928CNV760 | 16,000 | $2.7M | 0.56% |
| 26 | EAGLE POINT CREDIT CO-CALLABLE | ECCW | 120,000 | $2.6M | 0.54% |
| 27 | CHEVRON CORPORATION | CVX | 16,000 | $2.6M | 0.53% |
| 28 | DIAMOND OFFSHORE DRILLING INC | 25271C201 | 208,583 | $2.5M | 0.51% |
| 29 | DISNEY WALT CO | 254687106 | 23,070 | $2.3M | 0.47% |
| 30 | B RILEY FINANCIAL INC - CALLABLE | 05580M819 | 140,000 | $2.2M | 0.46% |
| 31 | WELLS FARGO & CO NEW COM STK | 949746101 | 50,000 | $1.9M | 0.38% |
| 32 | ENERGY TRANSFER L P | ET-PI | 80,000 | $1.9M | 0.38% |
| 33 | MCDONALDS CORP | MCD | 6,250 | $1.7M | 0.36% |
| 34 | DELPHI FINANCIAL GROUP - CALLABLE | 247131303 | 77,797 | $1.7M | 0.34% |
| 35 | TE CONNECTIVITY LIMITED | TEL | 12,500 | $1.6M | 0.34% |
| 36 | AXIS CAPITAL HOLDINGS-CALLABLE | AXS-PE | 70,000 | $1.5M | 0.31% |
| 37 | INTEGRYS ENERGY GROUP-CALLABLE | 45822P204 | 60,000 | $1.5M | 0.30% |
| 38 | GENERAL ELECTRIC CO | 369604301 | 15,125 | $1.4M | 0.30% |
| 39 | JOHNSON CTLS INTL PLC | G51502105 | 23,874 | $1.4M | 0.29% |
| 40 | SCHWAB CHARLES CORP NEW | SCHW-PJ | 25,000 | $1.3M | 0.27% |
| 41 | US BANCORP -CALLABLE | 902973668 | 60,000 | $1.3M | 0.26% |
| 42 | BANK OZK | OZKAP | 60,000 | $944,100 | 0.19% |
| 43 | CHINA FUND INC | 169373107 | 68,399 | $874,816 | 0.18% |
| 44 | SPECTRUM BRANDS HOLDINGS INC | SPB | 12,799 | $847,550 | 0.17% |
| 45 | PROCTER & GAMBLE CO | 742718109 | 5,700 | $847,533 | 0.17% |
| 46 | VITESSE ENERGY INC | VTS | 42,469 | $808,185 | 0.17% |
| 47 | PROSPECT CAP CORP | PSEC-PA | 50,000 | $800,000 | 0.16% |
| 48 | FOX CORP CLASS B | FOX | 25,028 | $783,627 | 0.16% |
| 49 | DCP MIDSTREAM LP-CALLABLE | 23311P209 | 30,000 | $747,000 | 0.15% |
| 50 | OFFICE PPTYS INCOME TR | 67623C208 | 40,000 | $676,000 | 0.14% |
| 51 | CUSTOMERS BANCORP INC | CUBB | 40,000 | $649,600 | 0.13% |
| 52 | DUKE ENERGY CORP - CALLABLE | DUKB | 25,000 | $627,500 | 0.13% |
| 53 | NATIONAL RETAIL PPTYS INC | NNN | 13,000 | $573,950 | 0.12% |
| 54 | BP P.L.C. SPONSORED ADR - CMN | BPPFF | 15,000 | $569,100 | 0.12% |
| 55 | HUDSON PACIFIC PROPERTIES INC-CALL | HPP-PC | 55,000 | $541,750 | 0.11% |
| 56 | HEARTLAND FINANCIAL USA-CALLABLE | 42234Q201 | 22,500 | $527,400 | 0.11% |
| 57 | BERKSHIRE HATHAWAY INC DEL CL A | BRK-A | 1 | $465,600 | 0.10% |
| 58 | ATLANTICUS HOLDINS CORP - CALL | ATLCZ | 20,000 | $439,198 | 0.09% |
| 59 | SLM CORP PFD SERIES B | SLMBP | 7,000 | $430,500 | 0.09% |
| 60 | PHI GROUP INC | 69360B104 | 39,712 | $416,976 | 0.09% |
| 61 | GE HEALTHCARE TECHNOLOGIES INC | GEHC | 5,040 | $413,431 | 0.08% |
| 62 | CORSA COAL CORP | 22041E609 | 2,226,000 | $410,697 | 0.08% |
| 63 | CONIFER HOLDINGS INC | PRHIZ | 250,000 | $377,500 | 0.08% |
| 64 | ABBVIE INC | ABBV | 1,948 | $310,453 | 0.06% |
| 65 | INTL BUSINESS MACHINES CORP | INTR | 1,500 | $196,635 | 0.04% |
| 66 | LADENBURG THALMAN FIN SVCS INC | 50575Q300 | 5,000 | $80,000 | 0.02% |
| 67 | MYMETICS CORP | 62856A102 | 2,186,473 | $65,594 | 0.01% |
| 68 | WESTINGHOUSE AIR BRAKE TECH CORP | 929740108 | 647 | $65,386 | 0.01% |
| 69 | ADIENT LTD | ADNT | 1,193 | $48,865 | 0.01% |
| 70 | CBL & ASSOC PPTYS INC | 124830878 | 658 | $16,871 | 0.00% |
| 71 | NOW INC DE | DNOW | 1,100 | $12,265 | 0.00% |
| 72 | ESC PFD MEDLEY LLC ESCROW | 585ESC015 | 40,000 | $6,404 | 0.00% |
| 73 | MEDLEY LLC ESCROW | 585ESC023 | 40,000 | $6,400 | 0.00% |
| 74 | KAISER ALUM CORP DEPOSITARY S CMN | KALU | 70 | $5,224 | 0.00% |
| 75 | KYNDRYL HLDGS INC | KD | 300 | $4,428 | 0.00% |
| 76 | VISTRA ENERGY CORP | VST | 33,717 | $3,534 | 0.00% |
| 77 | TIDWATER INC WTS SERIES A 7/31/23 | TDGMW | 903 | $1,057 | 0.00% |
| 78 | TIDEWATER INC WTS SERIES B 7/31/23 | TDGMW | 976 | $610 | 0.00% |
| 79 | WELLS FARGO & COMPANY PFT SERIES J | WFC-PZ | 387 | $484 | 0.00% |