Managers / Q2 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 $105M in U.S.-listed holdings across 15 positions for Q2 2020.
Its largest position, YUSD, represents 13.5% of the portfolio.
Compared with Q1 2020, the fund opened 5 new positions and exited 7.
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
- Common Stock · 58.7% · $61M
- Other · 41.3% · $43M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AFGAMERICAN FINL GROUP INC OHIO | NEW | +190.7K | 190.7K | +$12M | $12M |
| MKLMARKEL CORP | NEW | +11.8K | 11.8K | +$11M | $11M |
| RLIRLI CORP | NEW | +58.4K | 58.4K | +$5M | $5M |
| MRSHMARSH & MCLENNAN COS INC | NEW | +20.0K | 20.0K | +$2M | $2M |
| EIGEMPLOYERS HOLDINGS INC | NEW | +7.4K | 7.4K | +$224,000 | $224,000 |
| YUSDALLEGHANY CORP DEL | ADDED | +25.6K | 29.0K | +$12M | $14M |
| ARCH CAP GROUP LTD | ADDED | +344.3K | 404.3K | +$10M | $12M |
| WRBBERKLEY W R CORP | ADDED | +110.0K | 130.0K | +$6M | $7M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | YUSDALLEGHANY CORP DELhistory → | COM | 13.54% | $14M | 29.0K |
| 2 | AFGAMERICAN FINL GROUP INC OHIOhistory → | COM | 11.55% | $12M | 190.7K |
| 3 | ARCH CAP GROUP LTD | ORD | 11.05% | $12M | 404.3K |
| 4 | RENAISSANCERE HOLDINGS LTD | COM | 10.96% | $11M | 67.2K |
| 5 | MKLMARKEL CORPhistory → | COM | 10.35% | $11M | 11.8K |
| 6 | ARGO GROUP INTL HLDGS LTD | COM | 9.96% | $10M | 299.7K |
| 7 | JAMES RIV GROUP LTD | COM | 7.42% | $8M | 172.9K |
| 8 | WRBBERKLEY W R CORPhistory → | COM | 7.11% | $7M | 130.0K |
| 9 | PGRPROGRESSIVE CORP OHIOhistory → | COM | 5.73% | $6M | 75.0K |
| 10 | RLIRLI CORPhistory → | COM | 4.58% | $5M | 58.4K |
| 11 | BWINBRP GROUP INChistory → | COM CL A | 3.55% | $4M | 215.6K |
| 12 | MRSHMARSH & MCLENNAN COS INChistory → | COM | 2.05% | $2M | 20.0K |
| 13 | INTL GNRL INSURANCE HLDNGS L | SHS | 1.20% | $1M | 182.3K |
| 14 | ENSTAR GROUP LIMITED | SHS | 0.73% | $764,000 | 5.0K |
| 15 | EIGEMPLOYERS HOLDINGS INC | COM | 0.21% | $224,000 | 7.4K |
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 ↗.