Managers / Q1 2020 · 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 $29M in U.S.-listed holdings across 17 positions for Q1 2020.
Its largest position, Argo Group Intl, represents 17.6% of the portfolio.
Compared with Q4 2019, the fund opened 5 new positions and exited 9.
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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 · 53.5% · $16M
- Common Stock · 46.5% · $14M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| INTL GNRL INSURANCE HLDNGS L | NEW | +157.3K | 157.3K | +$1M | $1M |
| ENSTAR GROUP LIMITED | NEW | +7.7K | 7.7K | +$1M | $1M |
| AFLAFLAC INC | NEW | +35.0K | 35.0K | +$1M | $1M |
| RGAREINSURANCE GRP OF AMERICA I | NEW | +12.5K | 12.5K | +$1M | $1M |
| MTGMGIC INVT CORP WIS | NEW | +125.0K | 125.0K | +$794,000 | $794,000 |
| ARCH CAP GROUP LTD | ADDED | +50.0K | 60.0K | +$1M | $2M |
| ALSALLSTATE CORP | ADDED | +26.8K | 36.8K | +$2M | $3M |
| UI2KEMPER CORP DEL | SOLD OUT | −72.7K | 0 | −$6M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ARGO GROUP INTL HLDGS LTD | COM | 17.63% | $5M | 139.4K |
| 2 | ALSALLSTATE CORPhistory → | COM | 11.54% | $3M | 36.8K |
| 3 | JAMES RIV GROUP LTD | COM | 10.13% | $3M | 81.9K |
| 4 | RENAISSANCERE HOLDINGS LTD | COM | 7.42% | $2M | 14.6K |
| 5 | YUSDALLEGHANY CORP DELhistory → | COM | 6.40% | $2M | 3.4K |
| 6 | ARCH CAP GROUP LTD | ORD | 5.83% | $2M | 60.0K |
| 7 | PGRPROGRESSIVE CORP OHIOhistory → | COM | 5.04% | $1M | 20.0K |
| 8 | AIGAMERICAN INTL GROUP INChistory → | COM NEW | 4.83% | $1M | 58.4K |
| 9 | BWINBRP GROUP INChistory → | COM CL A | 4.69% | $1M | 130.4K |
| 10 | INTL GNRL INSURANCE HLDNGS L | SHS | 4.30% | $1M | 157.3K |
| 11 | ENSTAR GROUP LIMITED | SHS | 4.19% | $1M | 7.7K |
| 12 | AFLAFLAC INChistory → | COM | 4.09% | $1M | 35.0K |
| 13 | RGAREINSURANCE GRP OF AMERICA Ihistory → | COM NEW | 3.59% | $1M | 12.5K |
| 14 | WRBBERKLEY W R CORPhistory → | COM | 3.56% | $1M | 20.0K |
| 15 | MTGMGIC INVT CORP WIShistory → | COM | 2.71% | $794,000 | 125.0K |
| 16 | THIRD PT REINS LTD | COM | 2.12% | $620,000 | 83.7K |
| 17 | GREENLIGHT CAPITAL RE LTD | CLASS A | 1.92% | $561,000 | 94.2K |
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 ↗.