WHITE MOUNTAINS INSURANCE GROUP LTD

**WHITE MOUNTAINS INSURANCE GROUP LTD** manages $262M across a concentrated portfolio of two key positions. The fund maintains a significant overweight allocation to **MAX**, representing $231.2M of its assets. Complementing this core holding is a substantial position in **SPY**, valued at $30.7M. This structure indicates a highly focused, equity-centric strategy with pronounced exposure to specific market segments.

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