AXIS Capital Reveals Broad ETF Holdings in Latest 13F Filing

TL;DR

**AXIS Capital is heavily invested in broad market ETFs, signaling a diversified, low-risk investment strategy.**

AI Summary

AXIS CAPITAL HOLDINGS LTD, an insurance company, filed its 13F-HR on January 31, 2024, revealing its holdings as of December 31, 2023. The filing shows significant investments in major ETFs, including 23,340,573 shares of SPDR S&P 500 ETF TRUST, 254,604 shares of VANGUARD S&P 500 ETF, and 146,362 shares of VANGUARD FTSE All-World ex-US ETF. This matters to investors because it indicates AXIS's strategy of broad market exposure and diversification through ETFs, rather than concentrated bets on individual stocks, which can influence the stability and growth prospects of their own stock.

Why It Matters

This filing provides transparency into AXIS Capital's investment strategy, showing a preference for diversified, passively managed ETFs, which can impact the company's overall financial performance and risk profile.

Risk Assessment

Risk Level: low — The company's investment in diversified ETFs like the S&P 500 and FTSE All-World ex-US suggests a strategy aimed at broad market exposure and reduced single-stock risk.

Analyst Insight

Investors should note AXIS Capital's preference for diversified ETF investments, which suggests a stable, less volatile investment approach. This strategy could lead to more predictable, albeit potentially lower, returns compared to actively managed, concentrated portfolios. It implies that the company's core business operations, rather than speculative investment gains, will be the primary driver of its financial performance.

Key Numbers

• 23,340,573 — Shares of SPDR S&P 500 ETF TRUST (Represents a significant portion of AXIS Capital's reported holdings, indicating a strong belief in the performance of the broader U.S. market.)
• 254,604 — Shares of VANGUARD S&P 500 ETF (Another substantial investment in a major U.S. market index ETF, reinforcing the strategy of broad market exposure.)
• 146,362 — Shares of VANGUARD FTSE All-World ex-US ETF (Shows AXIS Capital's diversification into international markets, reducing reliance solely on the U.S. economy.)
• 20231231 — Conformed Period of Report (The date as of which the reported holdings are accurate, providing a snapshot of the portfolio at year-end.)
• 20240131 — Filed As Of Date (The date the filing was submitted to the SEC, indicating the timeliness of the disclosure.)

Key Players & Entities

• AXIS CAPITAL HOLDINGS LTD (company) — filer of the 13F-HR
• SPDR S&P 500 ETF TRUST (company) — an investment holding of AXIS Capital
• VANGUARD S&P 500 ETF (company) — an investment holding of AXIS Capital
• VANGUARD FTSE All-World ex-US ETF (company) — an investment holding of AXIS Capital
• Kent Ziegler (person) — Corporate Controller for AXIS Capital

Forward-Looking Statements

• AXIS Capital will continue to favor broad market ETFs for its investment portfolio in the near future. (AXIS CAPITAL HOLDINGS LTD) — high confidence, target: 2024-06-30
• The company's investment strategy will remain focused on diversification across both U.S. and international markets. (AXIS CAPITAL HOLDINGS LTD) — medium confidence, target: 2024-12-31

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• information_table.html (INFORMATION TABLE)
• information_table.xml (INFORMATION TABLE) — 1KB
• 0001214816-24-000016.txt ( ) — 5KB

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: AXIS CAPITAL HOLDINGS LTD Address: 92 PITTS BAY ROAD PEMBROKE , D0   HM 08 Form 13F File Number: 028-14684 CRD Number (if applicable): 028-14684 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: KENT ZIEGLER Title: CORPORATE CONTROLLER Phone: 441-496-2600 Signature, Place, and Date of Signing: KENT ZIEGLER PEMBROKE ,  D0 01-31-2024 [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: 0 Form 13F Information Table Entry Total: 3 Form 13F Information Table Value Total: 142,768,363 (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.] NONE

View Full Filing

View this 13F-HR filing on SEC EDGAR