Cliff Asness's WTM Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 7,738 shares of White Mountains Insurance Group, Ltd. (WTM) worth $17 M, representing 0.01% of the portfolio. First purchased in 2014-Q4, this long-term strategic position has been held for 46 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
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | +3,262 | Add 72.88% | 7,738 | $2196.97 |
| Q4 2025 | -1,437 | Reduce 24.30% | 4,476 | $2078.04 |
| Q3 2025 | -2,171 | Reduce 26.86% | 5,913 | $1663.72 |
| Q2 2025 | -408 | Reduce 4.80% | 8,084 | $1786.24 |
| Q1 2025 | -1,648 | Reduce 16.25% | 8,492 | $1910.10 |
| Q4 2024 | -766 | Reduce 7.02% | 10,140 | $1932.36 |
| Q3 2024 | +458 | Add 4.38% | 10,906 | $1695.34 |
| Q2 2024 | +1,296 | Add 14.16% | 10,448 | $1774.01 |
| Q1 2024 | +52 | Add 0.57% | 9,152 | $1794.30 |
| Q4 2023 | -480 | Reduce 5.01% | 9,100 | $1489.42 |
| Q3 2023 | +317 | Add 3.42% | 9,580 | $1495.69 |
| Q2 2023 | +2,566 | Add 38.32% | 9,263 | $1380.00 |
| Q1 2023 | +2,926 | Add 77.59% | 6,697 | $1377.29 |
| Q4 2022 | +3,771 | New Buy | 3,771 | $1409.45 |
| Q3 2022 | -2,422 | Sold Out | 0 | $0.00 |
| Q2 2022 | -1,011 | Reduce 29.45% | 2,422 | $1229.15 |
| Q1 2022 | -13,028 | Reduce 79.14% | 3,433 | $1104.86 |
| Q4 2021 | -14,880 | Reduce 47.48% | 16,461 | $1013.00 |
| Q3 2021 | +2,997 | Add 10.57% | 31,341 | $1069.62 |
| Q2 2021 | +18,059 | Add 175.59% | 28,344 | $1142.53 |
| Q1 2021 | +7,541 | Add 274.82% | 10,285 | $1114.92 |
| Q4 2020 | -868 | Reduce 24.03% | 2,744 | $991.25 |
| Q3 2020 | +11 | Add 0.31% | 3,612 | $779.07 |
| Q2 2020 | -9,689 | Reduce 72.90% | 3,601 | $883.92 |
| Q1 2020 | +3,521 | Add 36.04% | 13,290 | $904.97 |
| Q4 2019 | +1,812 | Add 22.77% | 9,769 | $1115.47 |
| Q3 2019 | +6,863 | Add 627.33% | 7,957 | $1080.06 |
| Q2 2019 | -1,260 | Reduce 53.53% | 1,094 | $1021.02 |
| Q1 2019 | +834 | Add 54.87% | 2,354 | $925.66 |
| Q4 2018 | +631 | Add 70.98% | 1,520 | $857.89 |
| Q3 2018 | +889 | New Buy | 889 | $935.88 |
| Q2 2018 | -5,048 | Sold Out | 0 | $0.00 |
| Q1 2018 | -102 | Reduce 1.98% | 5,048 | $822.50 |
| Q4 2017 | -932 | Reduce 15.32% | 5,150 | $851.46 |
| Q3 2017 | -25,180 | Reduce 80.55% | 6,082 | $856.95 |
| Q2 2017 | +7,241 | Add 30.14% | 31,262 | $868.63 |
| Q1 2017 | +4,514 | Add 23.14% | 24,021 | $879.90 |
| Q4 2016 | +2,452 | Add 14.38% | 19,507 | $836.06 |
| Q3 2016 | +2,241 | Add 15.13% | 17,055 | $830.02 |
| Q2 2016 | -758 | Reduce 4.87% | 14,814 | $841.97 |
| Q1 2016 | +4,783 | Add 44.33% | 15,572 | $802.59 |
| Q4 2015 | +7,796 | Add 260.47% | 10,789 | $726.85 |
| Q3 2015 | +2,279 | Add 319.19% | 2,993 | $747.41 |
| Q2 2015 | -293 | Reduce 29.10% | 714 | $655.46 |
| Q1 2015 | +7 | Add 0.70% | 1,007 | $684.21 |
| Q4 2014 | +1,000 | New Buy | 1,000 | $630.00 |
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 46 quarters since Q4 2014.
Cliff Asness's largest addition to White Mountains Insurance Group, Ltd. (WTM) was in Q2 2021, adding 28,344 shares worth $32.38 M.
According to the latest 13F filing for Q1 2026, Cliff Asness's firm, Aqr Capital Management LLC, owns 7,738 shares of White Mountains Insurance Group, Ltd. (WTM), valued at approximately $17 M.
As of the Q1 2026 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.
Cliff Asness's peak holding in White Mountains Insurance Group, Ltd. (WTM) was 31,341 shares, as reported at the end of Q3 2021.