Capital Returns Management, LLC
Exempt adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Nov 2026 | — | — |
| Mar 2025 to Mar 2026 | — | — |
| Apr 2024 to Feb 2025 | — | — |
| Jun 2023 to Mar 2024 | — | — |
| May 2023 | $0 | — |
| Dec 2019 to Apr 2023 | — | — |
Portfolio style
Measured from the filed 13F common-share book for Sep 30, 2020, never from the firm's own description.
Closest benchmark: the S&P MidCap 400 as of 2020-09-30, active share 99.5%; sector active share 62.3% against the combined 13F book's sector weights.
Over time 3 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
8 tracked positions · as of Sep 30, 2020 · Δ vs Jun 30, 2020Portfolio Trend
Sector Breakdown
As of Sep 30, 2020| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 66.8% | $18,649,318 |
| Financial Services | 33.2% | $9,250,264 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedTrimmed
Positions the filer reducedNew Positions
Positions the filer opened this quarter| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| — | 74,107 | $3,572,000 | ||
| — | 239,566 | $2,717,000 | ||
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| — | 375,000 | $0 | ||
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| WTRE |
WisdomTree New Economy Real Estate Fund
|
Reduced | 428,902 | $10,422,318 | 37.36% | |
|
|
NEW | 74,107 | $3,572,000 | 12.80% | ||
| CB |
Chubb Ltd
Financial Services
|
Held | 30,000 | $3,483,600 | 12.49% | |
|
|
NEW | 239,566 | $2,717,000 | 9.74% | ||
| ACGL |
Arch Capital Group Ltd.
Financial Services
|
Reduced | 75,000 | $2,193,750 | 7.86% | |
| VOYA |
Voya Financial, Inc.
Financial Services
|
Held | 40,901 | $1,960,384 | 7.03% | |
|
|
Reduced | 12,000 | $1,938,000 | 6.95% | ||
| RNR |
Renaissancere Holdings Ltd
Financial Services
|
Reduced | 9,500 | $1,612,530 | 5.78% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.