Q4 2025 Holdings
Filed 2026-02-13 | 5 holdings | $744.2M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Ishares TR(MBB) | MBS ETF | 464288588 | $366.8M | 3,852,431 | 49.3% |
| Ishares TR(HYDB) | HIGH YLD SYSTM B | 46435G250 | $239.5M | 5,057,726 | 32.2% |
| Essent Group LTD(ESNT) | COM | G3198U102 | $108.3M | 1,666,374 | 14.6% |
| Universal INS Hldgs Inc(UVE) | COM | 91359V107 | $19.7M | 583,771 | 2.7% |
| Trupanion Inc(TRUP) | COM | 898202106 | $9.8M | 263,000 | 1.3% |