| AALLEGHANY CORP MD |
| 12.19% | 10.85% | $13.8M | 26,460 | $41.2M | 77,380 | -50,920-65.81% | Reduce |
 ISHARES MBSACGL |
| 12.05% | 11.71% | $13.7M | 444,330 | $44.4M | 1.5M | -1.0M-69.52% | Reduce |
 Markel Group Inc.MKL |
| 10.59% | 7.9% | $12.0M | 11,497 | $29.9M | 28,991 | -17,494-60.34% | Reduce |
 AMERICAN FINANCIAL GROUP INCAFG |
| 9.95% | 9.35% | $11.3M | 185,701 | $35.5M | 547,062 | -361,361-66.05% | Reduce |
| AARGO GROUP INTL HLDG FCLASS A |
| 9.01% | 8.72% | $10.2M | 304,674 | $33.1M | 944,022 | -639,348-67.73% | Reduce |
 RENAISSANCERE HLDGS LTD COMRNR |
| 7.5% | 8.03% | $8.5M | 47,156 | $30.4M | 171,468 | -124,312-72.50% | Reduce |
 BERKLEY W R CORPWRB |
| 7.35% | 4.41% | $8.3M | 135,000 | $16.7M | 270,000 | -135,000-50.00% | Reduce |
| JJAMES RIV GROUP LTD |
| 7.2% | 7.26% | $8.2M | 176,181 | $27.5M | 593,543 | -417,362-70.32% | Reduce |
| RRLI CORPRLI |
| 5.69% | 6% | $6.5M | 73,196 | $22.7M | 257,088 | -183,892-71.53% | Reduce |
| TTREAN INS GROUP INC |
| 3.78% | 3.37% | $4.3M | 275,000 | $12.8M | 825,000 | -550,000-66.67% | Reduce |
 PROGRESSIVE CORPPGR |
| 3.59% | 4.32% | $4.1M | 45,000 | $16.4M | 175,000 | -130,000-74.29% | Reduce |
 EMPLOYERS HLDGS INCEIG |
| 3.22% | 3.64% | $3.6M | 112,205 | $13.8M | 436,615 | -324,410-74.30% | Reduce |
| TTHE BALDWIN INSURANCE GRP INBWIN |
| 2.86% | 3.26% | $3.2M | 185,972 | $12.4M | 532,881 | -346,909-65.10% | Reduce |
 CHUBB LIMITEDCB |
| 2.81% | 4.48% | $3.2M | 25,000 | $17.0M | 140,000 | -115,000-82.14% | Reduce |
 INTL GNRL INSURANCE HLDNGS LIGIC |
| 1.05% | 0.99% | $1.2M | 182,347 | $3.7M | 547,041 | -364,694-66.67% | Reduce |
| MMARSH & MCLENNAN COS INC COMMRSH |
| 1.03% | 0.31% | $1.2M | 10,000 | $1.2M | 10,000 | 00.00% | Unchanged |
| PPROASSURANCE CORP COMPRA |
| 0.13% | 0.28% | $147,000 | 10,000 | $1.1M | 70,000 | -60,000-85.71% | Reduce |
