Cliff Asness's WTM Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 5,913 shares of White Mountains Insurance Group, Ltd. (WTM) worth $9.84 M, representing 0.01% of the portfolio. First purchased in 2014-Q4, this long-term strategic position has been held for 44 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in WTM, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2021, adding 18,059 shares. Largest reduction occurred in Q3 2017, reducing 25,180 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's White Mountains Insurance Group (WTM) Holding Value Over Time
Track share changes against reported price movement
Quarterly White Mountains Insurance Group (WTM) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2014 | +1,000 | New Buy | 1,000 | $630.00 |
| Q1 2015 | +7 | Add 0.70% | 1,007 | $684.21 |
| Q2 2015 | -293 | Reduce 29.10% | 714 | $655.46 |
| Q3 2015 | +2,279 | Add 319.19% | 2,993 | $747.41 |
| Q4 2015 | +7,796 | Add 260.47% | 10,789 | $726.85 |
| Q1 2016 | +4,783 | Add 44.33% | 15,572 | $802.59 |
| Q2 2016 | -758 | Reduce 4.87% | 14,814 | $841.97 |
| Q3 2016 | +2,241 | Add 15.13% | 17,055 | $830.02 |
| Q4 2016 | +2,452 | Add 14.38% | 19,507 | $836.06 |
| Q1 2017 | +4,514 | Add 23.14% | 24,021 | $879.90 |
| Q2 2017 | +7,241 | Add 30.14% | 31,262 | $868.63 |
| Q3 2017 | -25,180 | Reduce 80.55% | 6,082 | $856.95 |
| Q4 2017 | -932 | Reduce 15.32% | 5,150 | $851.46 |
| Q1 2018 | -102 | Reduce 1.98% | 5,048 | $822.50 |
| Q2 2018 | -5,048 | Sold Out | 5,048 | $0.00 |
| Q3 2018 | +889 | New Buy | 889 | $935.88 |
| Q4 2018 | +631 | Add 70.98% | 1,520 | $857.89 |
| Q1 2019 | +834 | Add 54.87% | 2,354 | $925.66 |
| Q2 2019 | -1,260 | Reduce 53.53% | 1,094 | $1021.02 |
| Q3 2019 | +6,863 | Add 627.33% | 7,957 | $1080.06 |
| Q4 2019 | +1,812 | Add 22.77% | 9,769 | $1115.47 |
| Q1 2020 | +3,521 | Add 36.04% | 13,290 | $904.97 |
| Q2 2020 | -9,689 | Reduce 72.90% | 3,601 | $883.92 |
| Q3 2020 | +11 | Add 0.31% | 3,612 | $779.07 |
| Q4 2020 | -868 | Reduce 24.03% | 2,744 | $991.25 |
| Q1 2021 | +7,541 | Add 274.82% | 10,285 | $1114.92 |
| Q2 2021 | +18,059 | Add 175.59% | 28,344 | $1142.53 |
| Q3 2021 | +2,997 | Add 10.57% | 31,341 | $1069.62 |
| Q4 2021 | -14,880 | Reduce 47.48% | 16,461 | $1013.00 |
| Q1 2022 | -13,028 | Reduce 79.14% | 3,433 | $1104.86 |
| Q2 2022 | -1,011 | Reduce 29.45% | 2,422 | $1229.15 |
| Q3 2022 | -2,422 | Sold Out | 2,422 | $0.00 |
| Q4 2022 | +3,771 | New Buy | 3,771 | $1409.45 |
| Q1 2023 | +2,926 | Add 77.59% | 6,697 | $1377.29 |
| Q2 2023 | +2,566 | Add 38.32% | 9,263 | $1380.00 |
| Q3 2023 | +317 | Add 3.42% | 9,580 | $1495.69 |
| Q4 2023 | -480 | Reduce 5.01% | 9,100 | $1489.42 |
| Q1 2024 | +52 | Add 0.57% | 9,152 | $1794.30 |
| Q2 2024 | +1,296 | Add 14.16% | 10,448 | $1774.01 |
| Q3 2024 | +458 | Add 4.38% | 10,906 | $1695.34 |
| Q4 2024 | -766 | Reduce 7.02% | 10,140 | $1932.36 |
| Q1 2025 | -1,648 | Reduce 16.25% | 8,492 | $1910.10 |
| Q2 2025 | -408 | Reduce 4.80% | 8,084 | $1786.24 |
| Q3 2025 | -2,171 | Reduce 26.86% | 5,913 | $1663.72 |
Cliff Asness's White Mountains Insurance Group Investment FAQs
Cliff Asness first purchased White Mountains Insurance Group, Ltd. (WTM) in Q4 2014, acquiring 1,000 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held White Mountains Insurance Group, Ltd. (WTM) for 44 quarters since Q4 2014. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to White Mountains Insurance Group, Ltd. (WTM) was in Q2 2021, adding 28,344 shares worth $32.38 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 5,913 shares of White Mountains Insurance Group, Ltd. (WTM), valued at approximately $9.84 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, White Mountains Insurance Group, Ltd. (WTM) represents approximately 0.01% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in White Mountains Insurance Group, Ltd. (WTM) was 31,341 shares, as reported at the end of Q3 2021. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.