Business Context and Reporting Period
This Form 13F-HR filing is submitted by AXIS Capital Holdings Limited, an institutional investment manager based in Bermuda. The report covers the calendar quarter ended June 30, 2012, and was signed by Dean Benner, Chief Investment Officer, on August 5, 2012.
Key Financial Metrics
The filing discloses the manager's holdings in equity securities. It does not report the company's own operating revenue, profit, or cash flow.
- Total Reported Value: $134,558,000
- Number of Holdings: 4
- Top Holdings by Value:
- SPDR S&P 500 ETF TR: $81,568,000 (599,304 shares)
- ISHARES TR MSCI EAFE INDEX: $33,843,000 (677,396 shares)
- VANGUARD INTL EQUITY INDEX F: $14,573,000 (364,954 shares)
- BLACKSTONE GROUP L P: $4,575,000 (350,000 shares)
- Voting Authority: Sole discretion for all reported positions.
Material Changes
The filing text does not provide comparative data for the prior quarter or year. Consequently, material changes in holdings versus the prior comparable period cannot be determined from this document.
Guidance, Outlook, and Risks
Form 13F filings are statutory disclosures of holdings and do not contain management commentary, financial guidance, outlook, or risk factors regarding the reporting manager's operations. No such information is present in this text.
Investor Verification Checklist
- Verify the total portfolio value of $134.6 million represents the full scope of the manager's reportable equity holdings.
- Confirm the concentration risk, as the top two ETF holdings (SPDR S&P 500 and iShares MSCI EAFE) comprise approximately 84% of the reported value.
- Note that this filing reflects holdings as of June 30, 2012, and does not reflect subsequent trading activity.
- Check for any amendments filed after August 5, 2012, as this is the initial report for the period.