Managers / Q1 2025 · view latest →
Pine Brook Road Advisors, L.P.
CIK 0001630691 · 346 PINE BROOK ROAD, BEDFORD, NY, 10506 · 212-847-4373
Summary
Pine Brook Road Advisors, L.P. reported $128M in U.S.-listed holdings across 2 positions for Q1 2025.
The portfolio is heavily concentrated: Fidelis Insurance Holdings L alone accounts for 91.5% of reported value.
The book was largely unchanged from Q4 2024.
Portfolio Metrics
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
Portfolio Composition
- Other · 91.5% · $117M
- Common Stock · 8.5% · $11M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FIDELIS INSURANCE HOLDINGS L | HELD | +0 | 7.21M | −$14M | $117M |
| BETRBETTER HOME & FINANCE HOLDIN | HELD | +0 | 995.7K | +$2M | $11M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FIDELIS INSURANCE HOLDINGS L | COM | 91.49% | $117M | 7.21M |
| 2 | BETRBETTER HOME & FINANCE HOLDINhistory → | COM NEW CL A | 8.51% | $11M | 995.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $138M | 1 | Apr 23, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $141M | 1 | Jan 21, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $131M | 1 | Oct 28, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $132M | 2 | Jul 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $128M | 2 | Apr 25, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $140M | 2 | Feb 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $188M | 3 | Nov 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $195M | 3 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $247M | 3 | May 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $202M | 3 | Feb 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $0 | 1 | Nov 9, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $0 | 1 | Jul 29, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $0 | 1 | Apr 22, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $0 | 1 | Jan 31, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $96M | 2 | Nov 7, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $187M | 3 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $196M | 3 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $184M | 3 | Feb 14, 2019 | 13F-HR | changes · 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 ↗.