The latest 13F filing was done. Cap Management has $9.3B in Q2 in 2025 compared with over $10B in Q1 of 2024. Market has been up about 13.5% per annum since then. Is there a stated strategy to actually grow the AUM or is it mainly loss avoidance ?
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The 13F only pertains to Equity Holdings. It doesn't pertain to bonds or cash. The total AUM is roughly $19B AUM but 13F only includes certain securities. It is filed within 45 days after end of quarter for those institutional investors managing $100M or more.
@a1 Is that number separate account or general account only ? Looks to me only market gains are increasing the AUM with negative real organic growth but need confirmation of this. # of holding paired way back from 1800 down to 1400. Post pandemic market has been up big time. Where are the CIT's in the K plans ? If none, that is a big issue as CITs could generate 25-30 bps revenue and only need to pass on 10 bps reduction to policyholders. Could be a big revenue driver. Need to wait until next filing for any changes.
@OP Did you mean $10B in Q1 2021 or Q4 2024 ? Last time AUM was $10B was 2021. Over 4 yrs ago and yes, the market has been way up since then.