Managers / Q4 2019 · view latest →
Mountain Road Advisors, LLC
CIK 0001753564 · 437 MADISON AVE, 21ST FLOOR, NEW YORK, NY, 10022 · 646-256-9147
Summary
Mountain Road Advisors, LLC reported $59M in U.S.-listed holdings across 21 positions for Q4 2019.
Its largest position, James Riv, represents 14.3% of the portfolio.
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 · 53.7% · $32M
- Common Stock · 46.3% · $27M
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| JAMES RIV GROUP LTD | NEW | +204.7K | 204.7K | +$8M | $8M |
| RENAISSANCERE HOLDINGS LTD | NEW | +37.5K | 37.5K | +$7M | $7M |
| ARGO GROUP INTL HLDGS LTD | NEW | +90.7K | 90.7K | +$6M | $6M |
| UI2KEMPER CORP DEL | NEW | +72.7K | 72.7K | +$6M | $6M |
| MKLMARKEL CORP | NEW | +4.4K | 4.4K | +$5M | $5M |
| WRBBERKLEY W R CORP | NEW | +47.5K | 47.5K | +$3M | $3M |
| THIRD PT REINS LTD | NEW | +300.2K | 300.2K | +$3M | $3M |
| YUSDALLEGHANY CORP DEL | NEW | +3.7K | 3.7K | +$3M | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | JAMES RIV GROUP LTD | COM | 14.31% | $8M | 204.7K |
| 2 | RENAISSANCERE HOLDINGS LTD | COM | 12.47% | $7M | 37.5K |
| 3 | ARGO GROUP INTL HLDGS LTD | COM | 10.12% | $6M | 90.7K |
| 4 | UI2KEMPER CORP DELhistory → | COM | 9.56% | $6M | 72.7K |
| 5 | MKLMARKEL CORPhistory → | COM | 8.49% | $5M | 4.4K |
| 6 | WRBBERKLEY W R CORPhistory → | COM | 5.57% | $3M | 47.5K |
| 7 | THIRD PT REINS LTD | COM | 5.36% | $3M | 300.2K |
| 8 | YUSDALLEGHANY CORP DELhistory → | COM | 5.02% | $3M | 3.7K |
| 9 | BWINBRP GROUP INChistory → | COM CL A | 4.01% | $2M | 147.2K |
| 10 | AIGAMERICAN INTL GROUP INChistory → | COM NEW | 3.92% | $2M | 45.0K |
| 11 | AIZASSURANT INChistory → | COM | 3.89% | $2M | 17.5K |
| 12 | WILLIS TOWERS WATSON PUB LTD | SHS | 3.43% | $2M | 10.0K |
| 13 | CHUBB LIMITED | COM | 3.30% | $2M | 12.5K |
| 14 | ALSALLSTATE CORPhistory → | COM | 1.91% | $1M | 10.0K |
| 15 | PGRPROGRESSIVE CORP OHIOhistory → | COM | 1.84% | $1M | 15.0K |
| 16 | ATHENE HLDG LTD | CL A | 1.60% | $941,000 | 20.0K |
| 17 | GREENLIGHT CAPITAL RE LTD | CLASS A | 1.44% | $851,000 | 84.2K |
| 18 | HCIHCI GROUP INChistory → | COM | 1.10% | $646,000 | 14.2K |
| 19 | LNCLINCOLN NATL CORP INDhistory → | COM | 1.00% | $590,000 | 10.0K |
| 20 | TIBERIUS ACQUISITION CORP | COM | 0.92% | $542,000 | 51.7K |
| 21 | ARCH CAP GROUP LTD | ORD | 0.73% | $429,000 | 10.0K |
Filing History
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 ↗.