SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 06-30-2018
Check here if Amendment    Amendment Number:
This Amendment (Check only one.):    is a restatement.
   adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Amtrust Financial Services, Inc.
Address: 59 Maiden Lane
43rd Floor
New York, NY  10038
Form 13F File Number: 028-17705

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Stephen Ungar
Title: Senior Vice President
Phone: 212-220-7120
Signature, Place, and Date of Signing:
/s/Stephen Ungar New YorkNY 08-13-2018
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
   13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
   13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 61
Form 13F Information Table Value Total: 140,831
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name
1 028-17706 AII Insurance Management Ltd. (Bermuda)
2 028-18512 AmTrust International Bermuda, Ltd.

SEC FORM 13-F Information Table

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BONANZA CREEK ENERGY INC COM NEW 097793400 2,125 56,110 SH   DFND 2 56,110 0 0
BOTTOMLINE TECH DEL INC COM 101388106 2,392 48,000 SH   DFND 2 48,000 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 2,073 87,850 SH   DFND 2 87,850 0 0
CARE COM INC COM 141633107 1,044 50,000 SH Call DFND 2 50,000 0 0
CARE COM INC COM 141633107 1,040 49,785 SH   DFND 2 49,785 0 0
CISCO SYS INC COM 17275R102 1,076 25,000 SH   SOLE   25,000 0 0
CISION LTD SHS G1992S109 201 13,421 SH   DFND 2 13,421 0 0
CLIPPER RLTY INC COM 18885T306 6,326 740,740 SH   SOLE   740,740 0 0
COEUR MNG INC COM NEW 192108504 950 125,000 SH   DFND 2 125,000 0 0
CRH PLC ADR 12626K203 884 25,000 SH   DFND 2 25,000 0 0
DOLLAR TREE INC COM 256746108 638 7,500 SH   SOLE   7,500 0 0
DYCOM INDS INC COM 267475101 1,040 11,000 SH   DFND 2 11,000 0 0
EARTHSTONE ENERGY INC CL A 27032D304 200 22,650 SH   DFND 2 22,650 0 0
EQT CORP COM 26884L109 303 5,500 SH   DFND 2 5,500 0 0
EXXON MOBIL CORP COM 30231G102 496 6,000 SH   DFND 2 6,000 0 0
GASTAR EXPL INC NEW COM 36729W202 6 10,000 SH   DFND 2 10,000 0 0
GENERAL ELECTRIC CO COM 369604103 2,042 150,000 SH   SOLE   150,000 0 0
GRAND CANYON ED INC COM 38526M106 1,502 13,459 SH   DFND 2 13,459 0 0
HASBRO INC COM 418056107 1,972 21,362 SH   DFND 2 21,362 0 0
INDEPENDENCE CONTRACT DRIL I COM 453415309 1,218 295,551 SH   DFND 2 295,551 0 0
INTERPUBLIC GROUP COS INC COM 460690100 586 25,000 SH   DFND 2 25,000 0 0
INTERXION HOLDING N.V SHS N47279109 2,841 45,507 SH   DFND 2 45,507 0 0
INTERXION HOLDING N.V SHS N47279109 4,095 65,600 SH   SOLE   65,600 0 0
INTERXION HOLDING N.V SHS N47279109 6,554 105,000 SH Call DFND 2 105,000 0 0
ISHARES TR US HOME CONS ETF 464288752 382 10,000 SH   DFND 2 10,000 0 0
KINDRED BIOSCIENCES INC COM 494577109 2,211 207,595 SH   DFND 2 207,595 0 0
LAMB WESTON HLDGS INC COM 513272104 3,915 57,150 SH   SOLE   57,150 0 0
LAMB WESTON HLDGS INC COM 513272104 2,432 35,500 SH   DFND 2 35,500 0 0
LIVEPERSON INC COM 538146101 1,346 63,790 SH   DFND 2 63,790 0 0
LOWES COS INC COM 548661107 956 10,000 SH   SOLE   10,000 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 1,767 58,000 SH   SOLE   58,000 0 0
MICHAEL KORS HLDGS LTD SHS G60754101 666 10,000 SH   DFND 2 10,000 0 0
MICROSOFT CORP COM 594918104 4,763 48,300 SH   SOLE   48,300 0 0
MOSAIC ACQUISITION CORP UNIT 99/99/9999 G62848117 1,503 150,000 SH   DFND 2 150,000 0 0
NANOVIBRONIX INC COM 63008J108 700 146,148 SH   DFND 1 146,148 0 0
NATIONAL GEN HLDGS CORP COM 636220303 45,009 1,709,430 SH   SOLE   1,709,430 0 0
NATIONAL VISION HLDGS INC COM 63845R107 1,593 43,561 SH   DFND 2 43,561 0 0
NEBULA ACQUISITION CORP UNIT 03/12/2025 629076209 1,511 150,000 SH   DFND 2 150,000 0 0
NI HLDGS INC COM 65342T106 2,613 154,176 SH   DFND 2 154,176 0 0
NOODLES & CO COM CL A 65540B105 1,816 147,676 SH   DFND 2 147,676 0 0
PANDORA MEDIA INC COM 698354107 552 70,000 SH   DFND 2 70,000 0 0
PANDORA MEDIA INC COM 698354107 552 70,000 SH Put DFND 2 70,000 0 0
PATTERSON UTI ENERGY INC COM 703481101 270 15,000 SH   DFND 2 15,000 0 0
PAYPAL HLDGS INC COM 70450Y103 1,224 14,700 SH   SOLE   14,700 0 0
PLATINUM EAGLE ACQUISITIN CO UNIT 01/09/2023 G7126L126 509 50,000 SH   DFND 2 50,000 0 0
QEP RES INC COM 74733V100 347 28,300 SH   DFND 2 28,300 0 0
QUINSTREET INC COM 74874Q100 127 10,000 SH   DFND 2 10,000 0 0
S&P GLOBAL INC COM 78409V104 1,427 7,000 SH   DFND 2 7,000 0 0
S&P GLOBAL INC COM 78409V104 1,081 5,300 SH   SOLE   5,300 0 0
SHERWIN WILLIAMS CO COM 824348106 3,106 7,620 SH   SOLE   7,620 0 0
SKECHERS U S A INC CL A 830566105 900 30,000 SH   DFND 2 30,000 0 0
SM ENERGY CO COM 78454L100 3,597 140,000 SH   DFND 2 140,000 0 0
TIFFANY & CO NEW COM 886547108 2,961 22,500 SH   DFND 2 22,500 0 0
TILE SHOP HLDGS INC COM 88677Q109 77 10,000 SH   DFND 2 10,000 0 0
TWITTER INC COM 90184L102 3,275 75,000 SH   SOLE   75,000 0 0
VIEWRAY INC COM 92672L107 415 60,000 SH   DFND 2 60,000 0 0
VULCAN MATLS CO COM 929160109 1,032 8,000 SH   SOLE   8,000 0 0
VULCAN MATLS CO COM 929160109 968 7,500 SH   DFND 2 7,500 0 0
WENDYS CO COM 95058W100 2,405 140,000 SH   SOLE   140,000 0 0
WENDYS CO COM 95058W100 1,117 65,000 SH   DFND 2 65,000 0 0
ZYNGA INC CL A 98986T108 102 25,000 SH   DFND 2 25,000 0 0