WHITE MOUNTAINS INSURANCE GROUP LTD — 13F Holdings & Portfolio

CIK 776867 · latest 13F-HR filed 2026-05-12

WHITE MOUNTAINS INSURANCE GROUP LTD manages $313.4M in 13F-reported U.S. long-equity assets across 2 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are MAX (52.99%), SPY (47.01%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 0 new positions, exited 0, added to 1, and trimmed 1.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM

$313.4M

Long-equity book

Holdings

2

Distinct positions

Period

2026-03-31

Filed 2026-05-12

Q/Q Activity

+0 / −0 / ↑1 / ↓1

vs 2025-12-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • SPDR S&P 500 ETF TR$116.6M +380.0%
Show all 1

Top Trims

  • MEDIAALPHA INC-$65.2M -28.2%
Show all 1

New Positions

  • No new positions this quarter.
Show all 0

Exited Positions

  • No exits this quarter.
Show all 0
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 MEDIAALPHA INC MAX 58450V104 $166.1M 52.99% 17,856,614 SH
2 SPDR S&P 500 ETF TR SPY 78462F103 $147.3M 47.01% 226,500 SH
Filing History
Period Filed AUM Holdings Accession
2026-03-31 2026-05-12 $313.4M 2 0001104659-26-059351
2025-12-31 2026-02-12 $261.9M 2 0001104659-26-014432
2025-09-30 2025-11-13 $203.2M 1 0001104659-25-110906
2021-09-30 2021-11-12 $316.4K 1 0001104659-21-137569
2021-06-30 2021-08-12 $713.2K 1 0001104659-21-104158