Stocks/Funds/CIK 869772

SECURITY BENEFIT LIFE INSURANCE CO /KS/

long-term holderconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 869772
Assets
$186M
-29.3% YoY
Holdings
18
Lifetime alpha vs market
-21.74% annual
Average hold time
3.3 yr
median 2.5 yr

Quarterly history

Cum return -43% vs S&P +52% · α -95% lifetimeAUM $186M · peak $171.6BFlow $-9M (-4%)2018-122019-122021-062022-062023-062024-062025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
-0.94%
trims when stocks drop
when a holding falls −10%+
Middle response
-21.06%
baseline attrition
Rally response
-6.18%
trims into rallies
when a holding rises +10%+

Top positions · 18

Ticker$ value% portYoYHold time
ARXAccelerant Holdings$78M42.2%0.8 yr
CLOZEldridge BBB-B CLO ETF$42M22.5%2.0 yr
CLOXEldridge AAA CLO ETF$29M15.8%1.5 yr
SEATVivid Seats Inc.$13M7.0%0.8 yr
TLTiShares 20+ Year Treasur$10M5.1%3.0 yr
VEAVanguard FTSE Developed $4M2.1%7.0 yr
IVViShares Core S&P 500 ETF$3M1.8%7.0 yr
GIFTGiftify, Inc.$2M1.3%-50.0%1.8 yr
EVEX-WTEve Holding, Inc.$2M0.9%4.0 yr
VWOVanguard FTSE Emerging M$1M0.7%6.5 yr
IJHiShares Core S&P Mid-Cap$1M0.4%7.0 yr
RGTIWRigetti Computing, Inc.$0M0.0%4.0 yr
CSLRWComplete Solaria, Inc.$0M0.0%2.8 yr
BNAIWBrand Engagement Network$0M0.0%2.3 yr
SEATWVivid Seats Inc.$0M0.0%3.8 yr

Portfolio composition (YoY)

Industry mix
Asset Management43.4%+1.5pp$80M
Insurance - Brokers42.2%$78M
Internet Content & Information7.0%+6.5pp$13M
Asset Management - Bonds5.1%+2.0pp$10M
Software - Services1.3%-0.7pp$2M
Aerospace & Defense0.9%+0.5pp$2M
Computer Hardware0.0%+0.0pp$0M
Engineering & Construction0.0%+0.0pp$0M
Software - Infrastructure0.0%+0.0pp$0M
Information Technology Services0.0%+0.0pp$0M
Country
US57.8%+7.2pp
KY42.2%
Unknown0.0%-49.4pp
Top 5: 92.6% · Top 10: 99.5% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
GIFT$5M-0.00B-50.0%

Losers

TickerPrev $PnLYoY %
GIFT$5M-0.00B-50.0%

Top buys this quarter · 1

IJH iShares Core S&P Mid-Cap ETF+$0M

Top sells this quarter · 4

IVV iShares Core S&P 500 ETF$0M
CLOX Eldridge AAA CLO ETF$0M
VEA Vanguard FTSE Developed Market$0M
VWO Vanguard FTSE Emerging Markets$0M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$186M18-58.03%+17.59%-75.63%-0.01B
2025-12-31$237M18-40.45%+17.72%-58.17%+0.02B
2025-09-30$244M18-32.72%+17.52%-50.24%+0.13B
2025-06-30$207M18+31.80%+14.94%+16.86%-0.06B
2025-03-31$262M18+23.85%+8.30%+15.55%-0.09B
2024-12-31$303M20+20.11%+24.89%-4.78%+0.03B
2024-09-30$266M24+36.75%+36.04%+0.71%-0.07B
2024-06-30$312M28+26.12%+24.49%+1.63%-0.00B
2024-03-31$330M34+54.45%+29.62%+24.83%-0.24B
2023-12-31$502M42+65.18%+26.18%+39.01%-0.21B
2023-09-30$608M47+32.49%+21.57%+10.92%-171.43B
2023-06-30$171.65B57+31.07%+19.42%+11.64%+170.65B
2023-03-31$853M63-28.91%-7.82%-21.09%-0.08B
2022-12-31$776M80-6.60%+7.56%-14.16%-0.22B
2022-09-30$1.06B98-0.85%-4.93%+4.08%-0.58B
2022-06-30$1.65B108-36.37%-16.11%-20.26%+0.55B