AMERICAN FINANCIAL GROUP REVEALS DIVERSE Q4 2023 EQUITY HOLDINGS

TL;DR

**AFG's Q4 2023 13F shows big bets on Albertsons and Arbor Realty Trust debt.**

AI Summary

AMERICAN FINANCIAL GROUP INC (AFG) filed its 13F-HR on February 12, 2024, revealing its equity holdings as of December 31, 2023. The filing shows AFG held a diverse portfolio, including a significant position in Albertsons Cos Inc (COMMON STOCK) valued at $18,096,000 across 786,786 shares and a substantial investment in Arbor Realty Trust Inc (NOTE 7.500% 8/0) totaling $7,147,000 in principal amount. This matters to investors because it provides transparency into AFG's investment strategy and its confidence in various sectors, potentially signaling areas of growth or value that AFG's expert analysts have identified.

Why It Matters

This filing offers a look into AMERICAN FINANCIAL GROUP INC's investment decisions, which can influence market sentiment and provide insights into potential opportunities or risks in the broader market.

Risk Assessment

Risk Level: medium — The portfolio includes a mix of established companies and smaller, potentially more volatile holdings, indicating a balanced but not entirely conservative risk approach.

Analyst Insight

Investors should review the specific holdings to understand AMERICAN FINANCIAL GROUP INC's sector focus and potentially identify undervalued companies that AFG has invested in, especially the larger positions like Albertsons and Arbor Realty Trust debt.

Key Numbers

• $18,096,000 — Value of Albertsons Cos Inc (COMMON STOCK) (Represents AFG's largest reported equity holding by value as of 12/31/2023.)
• 786,786 — Shares of Albertsons Cos Inc (COMMON STOCK) (The number of shares held in AFG's largest reported equity position.)
• $7,147,000 — Principal amount of Arbor Realty Trust Inc (NOTE 7.500% 8/0) (A significant debt instrument holding in AFG's portfolio.)
• 245,000 — Shares of INVESCO LTD (A notable holding in the financial sector.)
• 500,000 — Shares of ALTENERGY ACQUISITION CORP (COM CL A) (A substantial holding in a SPAC, indicating interest in emerging or growth sectors.)

Key Players & Entities

• AMERICAN FINANCIAL GROUP INC (company) — filer of the 13F-HR
• Robert A. Dee (person) — Assistant Vice President and Controller, signed the filing
• Albertsons Cos Inc (company) — significant holding in AFG's portfolio
• Arbor Realty Trust Inc (company) — significant holding in AFG's portfolio (debt)
• INVESCO LTD (company) — holding in AFG's portfolio
• AST SPACEMOBILE INC (company) — holding in AFG's portfolio
• ALTENERGY ACQUISITION CORP (company) — holding in AFG's portfolio

Forward-Looking Statements

• AMERICAN FINANCIAL GROUP INC will continue to hold a diversified portfolio with a mix of established and growth-oriented companies. (AMERICAN FINANCIAL GROUP INC) — high confidence, target: 2024-06-30
• The company may adjust its holdings in SPACs like ALTENERGY ACQUISITION CORP based on market conditions and merger progress. (ALTENERGY ACQUISITION CORP) — medium confidence, target: 2024-09-30

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• information_table.html (INFORMATION TABLE)
• information_table.xml (INFORMATION TABLE) — 39KB
• 0001042046-24-000004.txt ( ) — 43KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: AMERICAN FINANCIAL GROUP INC Address: GREAT AMERICAN INSURANCE GROUP TOWER 301 E. 4TH STREET CINCINNATI , OH   45202 Form 13F File Number: 028-04389 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Robert A. Dee Title: Assistant Vice President and Controller Phone: 513-579-2153 Signature, Place, and Date of Signing: /s/ Robert A. Dee CINCINNATI ,  OH 02-12-2024 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)    13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 100 Form 13F Information Table Value Total: 271,901 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] No. Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK 1 Great American Insurance Company 028-00498

View Full Filing

View this 13F-HR filing on SEC EDGAR