White Mountains Insurance Group, Ltd.
US ˙ NYSE ˙ BMG9618E1075

SecurityWTM / White Mountains Insurance Group, Ltd.
InstitutionQube Research & Technologies Ltd
Latest Disclosed Ownership1,016 shares
Latest Disclosed Value $ 2,232,111
Qube Research & Technologies Ltd reports 90.98% increase in ownership of WTM / White Mountains Insurance Group, Ltd.

On May 15, 2026 - Qube Research & Technologies Ltd filed a 13F-HR form disclosing ownership of 1,016 shares of White Mountains Insurance Group, Ltd. (US:WTM) valued at $2,232,111 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 532 shares of White Mountains Insurance Group, Ltd.. This represents a change in shares of 90.98% during the quarter. The current value of the position is $2,066,564 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date
Effective
Date
Form Security Class ID Avg Price
Paid (Est)
Reported
Shares
ΔShares ΔShares
(%)
Reported
Value
(x1000)
ΔValue
(%)
Alloc
(%)
ΔAlloc ΔAlloc (%) Cost Basis
(x1000)
Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F WHITE MTNS INS GROUP COM G9618E107 1,016 484 90.98 2,232 101.99 0.0025
2026-02-17 2025-12-31 13F WHITE MTNS INS GROUP COM G9618E107 532 -104 -16.35 1,106 3.95 0.0011
2025-11-14 2025-09-30 13F WHITE MTNS INS GROUP COM G9618E107 636 -1,156 -64.51 1,063 -66.96 0.0011
2025-08-14 2025-06-30 13F WHITE MTNS INS GROUP COM G9618E107 1,792 517 40.55 3,218 31.04 0.0033
2025-05-15 2025-03-31 13F WHITE MTNS INS GROUP COM G9618E107 1,275 207 19.38 2,455 18.20 0.0028
2025-02-14 2024-12-31 13F WHITE MTNS INS GROUP COM G9618E107 1,068 -645 -37.65 2,077 -28.50 0.0027
2024-11-14 2024-09-30 13F WHITE MTNS INS GROUP COM G9618E107 1,713 69 4.20 2,906 -2.75 0.0043
2024-08-14 2024-06-30 13F WHITE MTNS INS GROUP COM G9618E107 1,644 75 4.78 2,988 6.11 0.0047
2024-05-14 2024-03-31 13F WHITE MTNS INS GROUP COM G9618E107 1,569 -277 -15.01 2,815 1.33 0.0045
2024-02-13 2023-12-31 13F WHITE MTNS INS GROUP COM G9618E107 1,846 52 2.90 2,778 3.54 0.0054
2023-11-13 2023-09-30 13F WHITE MTNS INS GROUP COM G9618E107 1,794 -1,355 -43.03 2,683 -38.65 0.0070
2023-08-14 2023-06-30 13F WHITE MTNS INS GROUP COM G9618E107 3,149 698 28.48 4,374 29.53 0.0159
2023-05-15 2023-03-31 13F WHITE MTNS INS GROUP COM G9618E107 2,451 867 54.73 3,376 50.71 0.0145
2023-02-14 2022-12-31 13F WHITE MTNS INS GROUP COM G9618E107 1,584 -507 -24.25 2,240 -17.80 0.0120
2022-11-14 2022-09-30 13F WHITE MTNS INS GROUP COM G9618E107 2,091 1,375 192.04 2,725 205.49 0.0162
2022-08-15 2022-06-30 13F WHITE MTNS INS GROUP COM G9618E107 716 -1,546 -68.35 892 -65.29 0.0066
2022-05-09 2022-03-31 13F WHITE MTNS INS GROUP COM G9618E107 2,262 -3,665 -61.84 2,570 -57.23 0.0218
2022-02-10 2021-12-31 13F/A-1 WHITE MTNS INS GROUP COM G9618E107 5,927 1,380 30.35 6,009 23.54 0.0464
2022-02-01 2021-12-31 13F WHITE MTNS INS GROUP COM G9618E107 5,927 1,380 6,009 0.0464
2021-11-12 2021-09-30 13F WHITE MTNS INS GROUP COM G9618E107 4,547 774 20.51 4,864 12.28 0.0610
2021-08-13 2021-06-30 13F WHITE MTNS INS GROUP COM G9618E107 3,773 -995 -20.87 4,332 -18.51 0.0494
2021-05-14 2021-03-31 13F WHITE MTNS INS GROUP COM G9618E107 4,768 2,927 158.99 5,316 188.60 0.0843
2021-02-16 2020-12-31 13F WHITE MTNS INS GROUP COM G9618E107 1,841 -2,940 -61.49 1,842 -50.54 0.0262
2020-11-12 2020-09-30 13F WHITE MTNS INS GROUP COM G9618E107 4,781 4,059 562.19 3,724 480.97 0.0531
2020-08-14 2020-06-30 13F WHITE MTNS INS GROUP COM G9618E107 722 722 641 0.0094
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.