Berkley W R Corp.
W. R. Berkley Corporation is a leading insurance holding company headquartered in Greenwich, Connecticut. Founded in 1967, the firm is among the largest commercial lines writers in the United States and operates worldwide through two primary segments: Insurance and Reinsurance. Employing thousands globally, Berkley serves commercial enterprises by offering property and casualty insurance products and services through its subsidiaries.
Investment Strategy
W. R. Berkley Corporation invests primarily via its insurance subsidiaries’ operations. Its strategy focuses on underwriting discipline and specialized insurance products, maintaining a decentralized operating structure for nimble decision-making. The firm’s investment portfolio is managed conservatively, with the majority allocated to high-quality fixed income securities, complemented by selected equity exposures and alternative investments. Investment returns are primarily driven by prudent risk selection and superior claims management, aiming to deliver long-term value and stability.
Top Holdings
Equity Positions (137)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
K KMI | KINDER MORGAN INC DEL | 10.22% | $194.8M | 6,625,000 | $14.54 | $29.40 | +$5.8M |
E EPD | ENTERPRISE PRODS PARTNERS L | 8.28% | $157.8M | 5,089,794 | $24.14 | $31.01 | -$15.9M |
E ET | ENERGY TRANSFER L P | 6.02% | $114.8M | 6,334,494 | $11.49 | $18.13 | -$2.9M |
A AMZN | AMAZON COM INC | 2.80% | $53.5M | 243,700 | $199.18 | $219.39 | -$2.5M |
C CRM | SALESFORCE INC | 2.42% | $46.1M | 169,100 | $272.69 | $272.69 | +$46.1M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
A AMZN | AMAZON COM INC | Sold | Put | $53.5M | 2,437 | $219.39 | $202.43 | -507 | -$2.5M |
C CRM | SALESFORCE INC | Bought | Put | $46.1M | 1,691 | $272.69 | $272.69 | +1,691 | +$46.1M |
A AXP | AMERICAN EXPRESS CO | Bought | Put | $31.7M | 994 | $318.98 | $318.98 | +994 | +$31.7M |
N NVDA | NVIDIA CORPORATION | Sold | Put | $31.4M | 1,988 | $157.99 | $118.59 | -3,975 | -$33.2M |
C CSCO | CISCO SYSTEMS INC | New | Put | $20.7M | 2,983 | $69.38 | $69.38 | +2,983 | +$20.7M |