Continental General Insurance Co 13F annual report

Continental General Insurance Co is an investment fund managing more than $256 billion ran by Michael Gorzynski. There are currently 6 companies in Mr. Gorzynski’s portfolio. The largest investments include Alpha Metallurgical Resour I and Daqo New Corp, together worth $245 billion.

$256 billion Assets Under Management (AUM)

As of 7th August 2024, Continental General Insurance Co’s top holding is 605,449 shares of Alpha Metallurgical Resour I currently worth over $170 billion and making up 66.5% of the portfolio value. In addition, the fund holds 5,135,329 shares of Daqo New Corp worth $75 billion, whose value fell 13.6% in the past six months. The third-largest holding is Freightcar Amer Inc worth $5.53 billion and the next is Alibaba Group Hldg Ltd worth $2.87 billion, with 39,822 shares owned.

Currently, Continental General Insurance Co's portfolio is worth at least $256 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Continental General Insurance Co

The Continental General Insurance Co office and employees reside in Austin, Texas. According to the last 13-F report filed with the SEC, Michael Gorzynski serves as the Executive Chairman at Continental General Insurance Co.

Recent trades

In the most recent 13F filing, Continental General Insurance Co revealed that it had increased its stake in Daqo New Corp and bought 400,000 additional shares worth around $6 million. This means they effectively own approximately 0.1% of the company. Daqo New Corp makes up 100.0% of the fund's Technology sector allocation and has decreased its share price by 54.1% in the past year.

On the other hand, there are companies that Continental General Insurance Co is getting rid of from its portfolio. Continental General Insurance Co closed its position in Invesco Exch Traded Fd Tr Ii on 14th August 2024. It sold the previously owned 20,000 shares for $641 million. Michael Gorzynski also disclosed a decreased stake in Alibaba Group Hldg Ltd by 0.9%. This leaves the value of the investment at $2.87 billion and 39,822 shares.

One of the smallest hedge funds

The two most similar investment funds to Continental General Insurance Co are Dodds Wealth and Warther Private Wealth. They manage $256 billion and $255 billion respectively.

Michael Gorzynski investment strategy

Continental General Insurance Co’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Technology — making up 29.3% of the total portfolio value. The fund focuses on investments in the China as 16.7% of the portfolio companies are based in the China.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up approximately 0.1% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $2.76 billion.

The complete list of Continental General Insurance Co trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Alpha Metallurgical Resour I	No change 605,449	$169,846,608,000	66.46%
Daqo New Energy Corp	8.45% 5,135,329	$74,975,803,000	29.34%
Freightcar Amer Inc	No change 1,583,533	$5,526,530,000	2.16%
Alibaba Group Hldg Ltd	89.18% 39,822	$2,867,184,000	1.12%
Mach Natural Resources LP	88.19% 96,283	$1,831,303,000	0.72%
Invesco Exch Traded Fd Tr Ii	Closed 20,000	$641,000,000
Stronghold Digital Mining In	22.40% 121,224	$520,051,000	0.20%
No transactions found
Showing first 500 out of 7 holdings