SEC 13F Intelligence

Managers / Q1 2026

Amtrust Financial Services, Inc.

CIK 0001365555 · 59 MAIDEN LANE, 43RD FLOOR, NEW YORK, NY, 10038 · (212) 220-7120

Reported Value
$300M
Q1 2026
Positions
15
Filings on Record
31
2019–present window
Filed
May 15, 2026
original filing

Summary

Amtrust Financial Services, Inc. reported $300M in U.S.-listed holdings across 15 positions for Q1 2026.

The portfolio is heavily concentrated: Vanguard Index Fds alone accounts for 39.2% of reported value.

The book was largely unchanged from Q4 2025.

Portfolio Metrics

Turnover
+0.3%
vs prior filed quarter
Top-10 Concentration
+97.9%
share of reported value
Largest Position
+39.2%
Vanguard Index Fds

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $74MQ4 ’18Q1 ’19: $114MQ2 ’19: $104MQ3 ’19: $83MQ4 ’19: $100MQ4 ’19Q1 ’20: $62MQ2 ’20: $91MQ3 ’20: $108MQ4 ’20: $205MQ4 ’20Q1 ’21: $158MQ2 ’21: $137MQ3 ’21: $103MQ4 ’21: $209MQ4 ’21Q1 ’22: $274MQ2 ’22: $218MQ3 ’22: $207MQ4 ’22: $209MQ4 ’22Q1 ’23: $192MQ2 ’23: $179MQ3 ’23: $168MQ4 ’23: $185MQ4 ’23Q1 ’24: $200MQ2 ’24: $206MQ3 ’24: $217MQ4 ’24: $222MQ4 ’24Q1 ’25: $207MQ2 ’25: $282MQ3 ’25: $301MQ4 ’25: $316MQ4 ’25Q1 ’26: $300Mfilingsflow.com

Portfolio Composition

By security type
ETP: 97.5%Common Stock: 2.1%REIT: 0.2%GLOBAL: 0.2%
  • ETP · 97.5% · $292M
  • Common Stock · 2.1% · $6M
  • REIT · 0.2% · $700,486
  • GLOBAL · 0.2% · $571,710

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRCLCIRCLE INTERNET GROUP INCTRIMMED−103.4K26.0K−$8M$2M
IBITISHARES BITCOIN TRUST ETFADDED+25.8K60.8K+$598,186$2M
CAPITAL SOUTHWEST CORPTRIMMED−1.11M570.0K−$1M$571,710
ISHARES TRADDED+7.7K158.0K+$260,698$103M
VANGUARD INDEX FDSHELD+0196.4K−$6M$117M
VANGUARD INDEX FDSHELD+045.8K−$730,510$14M
LMNDLEMONADE INCHELD+056.6K−$481,474$4M
NDQINVESCO QQQ TRHELD+09.6K−$356,448$6M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

10 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRCORE S&P500 ETF · ISHS 1-5YR INVS · CORE US AGGBD ET · RUSSELL 2000 ETF45.98%$138M646.6K
2VANGUARD INDEX FDSS&P 500 ETF SHS · LARGE CAP ETF43.72%$131M242.2K
3SPDR SERIES TRUSTSTATE STREET SPD5.17%$15M521.0K
4NDQINVESCO QQQ TRhistory →UNIT SER 11.85%$6M9.6K
5LMNDLEMONADE INChistory →COM1.18%$4M56.6K
6CRCLCIRCLE INTERNET GROUP INCCOM CL A0.83%$2M26.0K
7IBITISHARES BITCOIN TRUST ETFSHS BEN INT0.78%$2M60.8K
8CLPRCLIPPER RLTY INCCOM0.23%$700,486231.9K
9CAPITAL SOUTHWEST CORPNOTE 5.125%11/10.19%$571,710570.0K
10GEHCGE HEALTHCARE TECHNOLOGIES ICOMMON STOCK0.07%$222,4373.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$300M15May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$316M15Jan 22, 202613F-HRchanges · EDGAR ↗
Q3 2025$301M15Oct 24, 202513F-HRchanges · EDGAR ↗
Q2 2025$282M15Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$207M15May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$222M15Jan 29, 202513F-HRchanges · EDGAR ↗
Q3 2024$217M14Nov 4, 202413F-HRchanges · EDGAR ↗
Q2 2024$206M14Aug 6, 202413F-HRchanges · EDGAR ↗
Q1 2024$200M15May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$185M15Jan 26, 202413F-HRchanges · EDGAR ↗
Q3 2023$168M14Nov 2, 202313F-HRchanges · EDGAR ↗
Q2 2023$179M15Jul 20, 202313F-HRchanges · EDGAR ↗
Q1 2023$192M19May 1, 202313F-HRchanges · EDGAR ↗
Q4 2022$209M19Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$207M20Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$218M20Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$274M18May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$209M15Feb 14, 2022RESTATEMENTchanges · EDGAR ↗
Q3 2021$103M33Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$137M71Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$158M82May 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$205M78Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$108M61Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$91M41Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$62M44May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$100M44Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$83M42Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$104M45Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$114M42May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$74M33Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.