AmTrust Financial Services
Amtrust Financial Services, Inc. (Form: 13F-HR, Received: 11/14/2017 09:57:30)

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 OMB APPROVAL
  Washington, D.C. 20549
FORM 13F
OMB Number:   3235-0006
Expires:          July 31, 2015
Estimated average burden
hours per response:       23.8


FORM 13F COVER PAGE


Report for the Calendar Year or Quarter Ended:
09-30-2017
 
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 York,  NEW YORK 11-14-2017 
[Signature] [City, State] [Date]

Do you wish to provide information pursuant to Special Instruction 5?          Yes      X  No

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:
Form 13F Information table Entry Total: 49 
Form 13F Information table Value Total: 187,524 
  (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F number(s) of all institutional investement managers with respect to which this report is filed, other than the manager filing this report.

   No. Form 13F File Number Name CIK
028-17706  AII Insurance Management Ltd. (Bermuda)  0001696876 

FORM 13F INFORMATION TABLE

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE
(x$1000)
SHRS OR
PRN AMT
SH /
PRN
PUT /
CALL
INVESTMENT
DISCRETION
OTHER
MANAGER
VOTING AUTHORITY
SOLE SHARED NONE
AXALTA COATING SYS LTD COM G0750C108 1,909 66,000 SH - SOLE - 66,000 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 3,702 112,220 SH - SOLE - 112,220 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 3,168 105,700 SH - SOLE - 105,700 0 0
CENOVUS ENERGY INC COM 15135U109 1,152 115,000 SH - SOLE - 115,000 0 0
CHEGG INC COM 163092109 2,374 160,000 SH - SOLE - 160,000 0 0
CHESAPEAKE ENERGY CORP COM 165167107 860 200,000 SH - SOLE - 200,000 0 0
CHUBB LIMITED COM H1467J104 2,929 20,550 SH - SOLE - 20,550 0 0
CLIPPER RLTY INC COM 18885T306 7,933 740,740 SH - SOLE - 740,740 0 0
COEUR MNG INC COM NEW 192108504 2,481 270,000 SH - SOLE - 270,000 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 3,745 38,060 SH - SOLE - 38,060 0 0
DYCOM INDS INC COM 267475101 859 10,000 SH - SOLE - 10,000 0 0
ENTEGRIS INC COM 29362U104 865 30,000 SH - SOLE - 30,000 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 6,253 312,654 SH - SOLE - 312,654 0 0
FACEBOOK INC CL A 30303M102 2,221 13,000 SH - SOLE - 13,000 0 0
GASTAR EXPL INC NEW COM 36729W202 18 20,000 SH - SOLE - 20,000 0 0
GLOBAL PARTNER ACQUISITION C COM 37954X105 3,009 300,000 SH - SOLE - 300,000 0 0
HILTON GRAND VACATIONS INC COM 43283X105 834 21,600 SH - SOLE - 21,600 0 0
INDEPENDENCE CONTRACT DRIL I COM 453415309 2,271 597,502 SH - SOLE - 597,502 0 0
INDUSTREA ACQUISITION CORP UNIT 07/21/2024 45579J203 1,264 125,000 SH - SOLE - 125,000 0 0
INTERXION HOLDING N.V SHS N47279109 4,589 90,100 SH - SOLE - 90,100 0 0
ISHARES TR INTRMD CR BD ETF 464288638 10,521 95,502 SH - DFND 1 95,502 0 0
KINDRED BIOSCIENCES INC COM 494577109 1,955 249,100 SH - SOLE - 249,100 0 0
LAMB WESTON HLDGS INC COM 513272104 6,703 142,960 SH - SOLE - 142,960 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 2,810 93,000 SH - SOLE - 93,000 0 0
MICROSOFT CORP COM 594918104 3,598 48,300 SH - SOLE - 48,300 0 0
MOHAWK INDS INC COM 608190104 4,171 16,850 SH - SOLE - 16,850 0 0
MONARCH CASINO & RESORT INC COM 609027107 802 20,300 SH - SOLE - 20,300 0 0
NATIONAL GEN HLDGS CORP COM 636220303 32,667 1,709,430 SH - SOLE - 1,709,430 0 0
NEWMONT MINING CORP COM 651639106 5,852 156,000 SH - SOLE - 156,000 0 0
NI HLDGS INC COM 65342T106 4,632 258,750 SH - SOLE - 258,750 0 0
NOODLES & CO COM CL A 65540B105 395 89,800 SH - SOLE - 89,800 0 0
PATTERSON UTI ENERGY INC COM 703481101 4,188 200,000 SH - SOLE - 200,000 0 0
PAYPAL HLDGS INC COM 70450Y103 6,230 97,300 SH - SOLE - 97,300 0 0
PEPSICO INC COM 713448108 2,199 19,735 SH - SOLE - 19,735 0 0
PVH CORP COM 693656100 945 7,500 SH - SOLE - 7,500 0 0
S&P GLOBAL INC COM 78409V104 828 5,300 SH - SOLE - 5,300 0 0
SHERWIN WILLIAMS CO COM 824348106 2,728 7,620 SH - SOLE - 7,620 0 0
SM ENERGY CO COM 78454L100 337 19,000 SH - SOLE - 19,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 24,334 96,860 SH - SOLE - 96,860 0 0
STANLEY BLACK & DECKER INC COM 854502101 4,559 30,200 SH - SOLE - 30,200 0 0
WENDYS CO COM 95058W100 1,708 110,000 SH - SOLE - 110,000 0 0
TPG PACE HLDGS CORP UNIT 99/99/9999 G89827102 515 50,000 SH - SOLE - 50,000 0 0
ULTRA PETROLEUM CORP COM NEW 903914208 585 67,528 SH - SOLE - 67,528 0 0
VIVEVE MED INC COM NEW 92852W204 1,057 201,648 SH - SOLE - 201,648 0 0
VULCAN MATLS CO COM 929160109 2,153 18,000 SH - SOLE - 18,000 0 0
WELLTOWER INC 6.50% PFD PREPET 95040Q203 278 4,360 SH - DFND 1 4,360 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 5,131 268,800 SH - SOLE - 268,800 0 0
WHITING PETE CORP NEW COM 966387102 3,085 565,000 SH - SOLE - 565,000 0 0
WPX ENERGY INC COM 98212B103 120 10,430 SH - DFND 1 10,430 0 0