13F COMBINATION REPORT
IAT REINSURANCE CO LTD.
Quarter ended Q2 2024 · Filed August 2, 2024 · Accession 0001214659-24-013597
Total Value
$474.0M
Positions
71
Other Managers
9
Confidential Omitted
No
Holdings (71)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MERCER INTERNATIONAL INC SBI | 588056101 | 16,480,000 | $140.7M | 29.69% |
| 2 | RAYMOND JAMES FNCL INC | 754730109 | 298,125 | $36.9M | 7.77% |
| 3 | GOLDMAN SACHS GROUP INC | GSCE | 75,200 | $34.0M | 7.18% |
| 4 | AMGEN INC | AMGN | 92,500 | $28.9M | 6.10% |
| 5 | SCULLY ROYALTY LTD | SRL | 3,416,664 | $24.3M | 5.13% |
| 6 | NAM TAI PROPERTY INC | NTPIF | 5,774,800 | $23.1M | 4.87% |
| 7 | NAM TAI G63907-10-2 PRIVATE | G63907PP1 | 5,336,452 | $21.3M | 4.50% |
| 8 | SELECTIVE INS GROUP INC | 816300107 | 200,000 | $18.8M | 3.96% |
| 9 | VAIL RESORTS INC. | MTN | 84,000 | $15.1M | 3.19% |
| 10 | HELIOS TECHNOLOGIES INC | HLIO | 300,000 | $14.3M | 3.02% |
| 11 | CORNING INC | GLW | 367,350 | $14.3M | 3.01% |
| 12 | ARGONAUT GROUP STATUTORY TR - CALL | 8AMCSFQW9 | 12,000 | $12.0M | 2.53% |
| 13 | EXXON MOBIL CORP | XOM | 79,600 | $9.2M | 1.93% |
| 14 | EMERSON ELEC CO | EMR | 80,000 | $8.8M | 1.86% |
| 15 | DELPHI FINANCIAL GROUP - CALLABLE | 247131303 | 328,790 | $7.9M | 1.66% |
| 16 | TENNESSEE VALLEY AUTHORITY | TVC | 260,000 | $5.7M | 1.21% |
| 17 | ADVANCED MICRO DEVICES INC | AMD | 33,936 | $5.5M | 1.16% |
| 18 | FARM CREDIT BK OF TEXAS-CALL-144A | 30767E406 | 44,000 | $4.4M | 0.93% |
| 19 | COBANK ACB | 19075Q862 | 41,196 | $4.1M | 0.86% |
| 20 | EAGLE POINT CREDIT CO-CALLABLE | ECCW | 120,000 | $2.7M | 0.57% |
| 21 | TENNESSEE VALLEY AUTHORITY PARRS | 880591300 | 120,000 | $2.7M | 0.57% |
| 22 | AFFILIATED MANAGERS GROUP INC-CALL | MGRE | 100,000 | $2.6M | 0.54% |
| 23 | CHEVRON CORPORATION | CVX | 16,000 | $2.5M | 0.53% |
| 24 | GENERAL ELECTRIC CO | 369604301 | 15,125 | $2.4M | 0.51% |
| 25 | B RILEY FINANCIAL INC - CALLABLE | 05580M819 | 140,000 | $2.1M | 0.44% |
| 26 | SCE TR VIII-CALLABLE | 80620A208 | 80,000 | $2.1M | 0.44% |
| 27 | OXFORD LANE CAP CORP | OXLCZ | 80,000 | $2.0M | 0.42% |
| 28 | TE CONNECTIVITY LIMITED | TEL | 12,500 | $1.9M | 0.40% |
| 29 | SCHWAB CHARLES CORP NEW | SCHW-PJ | 25,000 | $1.8M | 0.39% |
| 30 | MCDONALDS CORP | MCD | 6,250 | $1.6M | 0.34% |
| 31 | JOHNSON CTLS INTL PLC | G51502105 | 23,874 | $1.6M | 0.33% |
| 32 | TRINITY CAPITAL INC - CALLABLE | TRINZ | 60,000 | $1.5M | 0.32% |
| 33 | AXIS CAPITAL HOLDINGS-CALLABLE | AXS-PE | 70,000 | $1.5M | 0.31% |
| 34 | US BANCORP -CALLABLE | 902973668 | 60,000 | $1.2M | 0.25% |
| 35 | SPECTRUM BRANDS HOLDINGS INC | SPB | 12,799 | $1.1M | 0.23% |
| 36 | PHI GROUP INC | 69360B104 | 39,712 | $972,944 | 0.21% |
| 37 | PROCTER & GAMBLE CO | 742718109 | 5,700 | $940,044 | 0.20% |
| 38 | BANK OZK | OZKAP | 60,000 | $934,200 | 0.20% |
| 39 | PROSPECT CAP CORP | PSEC-PA | 50,000 | $835,000 | 0.18% |
| 40 | CUSTOMERS BANCORP INC | CUBB | 40,000 | $772,200 | 0.16% |
| 41 | HUDSON PACIFIC PROPERTIES INC-CALL | HPP-PC | 55,000 | $753,500 | 0.16% |
| 42 | CHINA FUND INC | 169373107 | 68,399 | $692,198 | 0.15% |
| 43 | GE VERNOVA INC | GEV | 3,780 | $648,308 | 0.14% |
| 44 | BERKSHIRE HATHAWAY INC DEL CL A | BRK-A | 1 | $612,241 | 0.13% |
| 45 | HEARTLAND FINANCIAL USA-CALLABLE | 42234Q201 | 22,500 | $564,795 | 0.12% |
| 46 | NATIONAL RETAIL PPTYS INC | NNN | 13,000 | $553,800 | 0.12% |
| 47 | BP P.L.C. SPONSORED ADR - CMN | BPPFF | 15,000 | $541,500 | 0.11% |
| 48 | BROOKFIELD BRP HLDGS INC-CALLABLE | 11259P307 | 20,000 | $512,800 | 0.11% |
| 49 | GREAT ELM CAP CORP-CALLABLE | GECCO | 20,000 | $504,400 | 0.11% |
| 50 | ALGONQUIN POWER & UTILITIES CORP | AQNB | 20,000 | $502,400 | 0.11% |
| 51 | ATLANTICUS HOLDINS CORP - CALL | ATLCZ | 20,000 | $453,454 | 0.10% |
| 52 | OFFICE PPTYS INCOME TR | 67623C208 | 40,000 | $403,200 | 0.09% |
| 53 | CORSA COAL CORP | 22041E609 | 2,226,000 | $394,002 | 0.08% |
| 54 | GE HEALTHCARE TECHNOLOGIES INC | GEHC | 5,040 | $392,717 | 0.08% |
| 55 | SLM CORP PFD SERIES B | SLMBP | 4,500 | $341,055 | 0.07% |
| 56 | ABBVIE INC | ABBV | 1,948 | $334,121 | 0.07% |
| 57 | INTL BUSINESS MACHINES CORP | INTR | 1,500 | $259,425 | 0.05% |
| 58 | CONIFER HOLDINGS INC | PRHIZ | 250,000 | $187,625 | 0.04% |
| 59 | LADENBURG THALMAN FIN SVCS INC | 50575Q300 | 5,000 | $96,750 | 0.02% |
| 60 | ORGANON CO | OGN | 3,000 | $62,100 | 0.01% |
| 61 | EMBECTA CORP | EMBC | 4,000 | $50,000 | 0.01% |
| 62 | ADIENT LTD | ADNT | 1,193 | $29,479 | 0.01% |
| 63 | CBL & ASSOC PPTYS INC | 124830878 | 658 | $15,384 | 0.00% |
| 64 | NOW INC DE | DNOW | 1,100 | $15,103 | 0.00% |
| 65 | KYNDRYL HLDGS INC | KD | 300 | $7,893 | 0.00% |
| 66 | KAISER ALUM CORP DEPOSITARY S CMN | KALU | 70 | $6,153 | 0.00% |
| 67 | BB LIQUIDATING INC - CLASS A | 05532D107 | 54,211 | $1,084 | 0.00% |
| 68 | WELLS FARGO & COMPANY PFT SERIES J | WFC-PZ | 387 | $128 | 0.00% |
| 69 | BB LIQUIDATING INC - CLASS B | 05532D206 | 54,211 | $5 | 0.00% |
| 70 | ROOMSTORE INC - CMN | 77638R108 | 43,661 | $4 | 0.00% |
| 71 | MEDLEY LLC ESCROW | 585ESC023 | 40,000 | $4 | 0.00% |