AmTrust Financial Services
Amtrust Financial Services, Inc. (Form: 13F-HR, Received: 05/11/2018 10:39:43)

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:
03-31-2018
 
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 York,  NEW YORK 05-11-2018 
[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: 59 
Form 13F Information table Value Total: 155,173 
  (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 
028-18512  AmTrust International Bermuda, Ltd.  0001696880 

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
BONANZA CREEK ENERGY INC COM NEW 097793400 1,555 56,110 SH - DFND 2 56,110 0 0
BOTTOMLINE TECH DEL INC COM 101388106 2,558 66,000 SH - DFND 2 66,000 0 0
BOTTOMLINE TECH DEL INC COM 101388106 1,938 50,000 SH Call DFND 2 50,000 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 2,268 87,850 SH - DFND 2 87,850 0 0
CHEGG INC COM 163092109 826 40,000 SH - DFND 2 40,000 0 0
CISCO SYS INC COM 17275R102 1,072 25,000 SH - SOLE - 25,000 0 0
CISCO SYS INC COM 17275R102 1,072 25,000 SH - DFND 2 25,000 0 0
CLIPPER RLTY INC COM 18885T306 6,274 740,740 SH - SOLE - 740,740 0 0
COEUR MNG INC COM NEW 192108504 1,000 125,000 SH - DFND 2 125,000 0 0
DOLLAR TREE INC COM 256746108 712 7,500 SH - SOLE - 7,500 0 0
DYCOM INDS INC COM 267475101 1,184 11,000 SH - DFND 2 11,000 0 0
EQT CORP COM 26884L109 261 5,500 SH - DFND 2 5,500 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 1,977 100,000 SH - SOLE - 100,000 0 0
EXXON MOBIL CORP COM 30231G102 448 6,000 SH - DFND 2 6,000 0 0
FACEBOOK INC CL A 30303M102 1,119 7,000 SH - SOLE - 7,000 0 0
FUSION TELECOMM INTL INC COM NEW 36113B400 103 31,800 SH - DFND 2 31,800 0 0
GAIA INC NEW CL A 36269P104 388 25,000 SH - DFND 2 25,000 0 0
GASTAR EXPL INC NEW COM 36729W202 7 10,000 SH - DFND 2 10,000 0 0
GRAND CANYON ED INC COM 38526M106 2,780 26,500 SH - DFND 2 26,500 0 0
GUIDEWIRE SOFTWARE INC COM 40171V100 315 3,900 SH - DFND 2 3,900 0 0
HELIOS & MATHESON ANALYTICS COM NEW 42327L200 71 25,000 SH - DFND 2 25,000 0 0
INDEPENDENCE CONTRACT DRIL I COM 453415309 1,117 295,551 SH - DFND 2 295,551 0 0
INTERXION HOLDING N.V SHS N47279109 2,205 35,507 SH - DFND 2 35,507 0 0
INTERXION HOLDING N.V SHS N47279109 4,074 65,600 SH - SOLE - 65,600 0 0
ISHARES TR MBS ETF 464288588 13,865 132,500 SH - DFND 1 132,500 0 0
ISHARES TR MBS ETF 464288588 1,831 17,500 SH - SOLE - 17,500 0 0
ISHARES TR INTRMD CR BD ETF 464288638 858 8,000 SH - DFND 2 8,000 0 0
ISHARES TR INTRMD CR BD ETF 464288638 9,384 87,502 SH - DFND 1 87,502 0 0
KEYSIGHT TECHNOLOGIES INC COM 49338L103 262 5,000 SH - DFND 2 5,000 0 0
KINDRED BIOSCIENCES INC COM 494577109 885 102,321 SH - DFND 2 102,321 0 0
LAMB WESTON HLDGS INC COM 513272104 3,327 57,150 SH - SOLE - 57,150 0 0
LAMB WESTON HLDGS INC COM 513272104 2,395 41,137 SH - DFND 2 41,137 0 0
LOWES COS INC COM 548661107 878 10,000 SH - SOLE - 10,000 0 0
LULULEMON ATHLETICA INC COM 550021109 446 5,000 SH - DFND 2 5,000 0 0
MACYS INC COM 55616P104 1,338 45,000 SH - DFND 2 45,000 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 1,539 58,000 SH - SOLE - 58,000 0 0
MICROSOFT CORP COM 594918104 4,408 48,300 SH - SOLE - 48,300 0 0
MOSAIC ACQUISITION CORP UNIT 99/99/9999 G62848117 1,509 150,000 SH - DFND 2 150,000 0 0
NANOVIBRONIX INC COM 63008J108 724 152,061 SH - DFND 1 152,061 0 0
NATIONAL GEN HLDGS CORP COM 636220303 41,556 1,709,430 SH - SOLE - 1,709,430 0 0
NATIONAL VISION HLDGS INC COM 63845R107 1,616 50,000 SH - DFND 2 50,000 0 0
NEBULA ACQUISITION CORP UNIT 03/12/2025 629076209 1,518 150,000 SH - DFND 2 150,000 0 0
NI HLDGS INC COM 65342T106 2,900 173,676 SH - DFND 2 173,676 0 0
NOODLES & CO COM CL A 65540B105 1,102 146,000 SH - DFND 2 146,000 0 0
PATTERSON UTI ENERGY INC COM 703481101 263 15,000 SH - DFND 2 15,000 0 0
PAYPAL HLDGS INC COM 70450Y103 3,922 51,700 SH - SOLE - 51,700 0 0
PAYPAL HLDGS INC COM 70450Y103 2,276 30,000 SH - DFND 2 30,000 0 0
PLATINUM EAGLE ACQUISITIN CO UNIT 01/09/2023 G7126L126 508 50,000 SH - DFND 2 50,000 0 0
S&P GLOBAL INC COM 78409V104 1,013 5,300 SH - SOLE - 5,300 0 0
S&P GLOBAL INC COM 78409V104 3,057 16,000 SH - DFND 2 16,000 0 0
SELECT ENERGY SVCS INC CL A COM 81617J301 1,931 153,040 SH - DFND 2 153,040 0 0
SHERWIN WILLIAMS CO COM 824348106 2,988 7,620 SH - SOLE - 7,620 0 0
SKECHERS U S A INC CL A 830566105 2,139 55,000 SH - DFND 2 55,000 0 0
TWITTER INC COM 90184L102 2,176 75,000 SH - SOLE - 75,000 0 0
VIVEVE MED INC COM NEW 92852W204 465 126,989 SH - DFND 2 126,989 0 0
VULCAN MATLS CO COM 929160109 913 8,000 SH - SOLE - 8,000 0 0
WENDYS CO COM 95058W100 2,457 140,000 SH - SOLE - 140,000 0 0
WENDYS CO COM 95058W100 3,247 185,000 SH - DFND 2 185,000 0 0
WPX ENERGY INC COM 98212B103 154 10,430 SH - DFND 1 10,430 0 0