Philadelphia Financial Management of San Francisco, LLC Quant / Systematic

CIK: 0001351407 · Show all filings

Period: Q4 2013 (← Previous) (Next →)

Filing Date: Feb 14, 2014

Total Value ($000): $401,254 (100.0% shares, 0.0% debt)

Holdings (34)

NNI NELNET INC 6.8%

Value ($000) $27,437 Shares 651,083 Est. Cost $35.78 Unrealized +17.9%

NBHC NATIONAL BK HLDGS CORP 6.2%

Value ($000) $25,060 Shares 1,171,045 Est. Cost $14.88 Unrealized +10.1%

— DIEBOLD INC 5.9%

Value ($000) $23,511 Shares 712,235 Est. Cost $33.01 Unrealized —

AGO ASSURED GUARANTY LTD 5.8%

Value ($000) $23,445 Shares 993,861 Est. Cost $17.41 Unrealized +1.3%

— KCG HLDGS INC 5.0%

Value ($000) $19,961 Shares 1,668,967 Est. Cost $11.96 Unrealized —

CASH META FINL GROUP INC 4.8%

Value ($000) $19,261 Shares 477,589 Est. Cost $8.80 Unrealized +31.1%

— PORTFOLIO RECOVERY ASSOCS IN 4.2%

Value ($000) $16,977 Shares 321,284 Est. Cost $57.89 Unrealized —

— INVESTMENT TECHNOLOGY GRP NE 3.8%

Value ($000) $15,260 Shares 742,209 Est. Cost $20.56 Unrealized —

AER AERCAP HOLDINGS NV 3.8%

Value ($000) $15,145 Shares 394,923 Est. Cost $16.06 Unrealized +44.4%

MS MORGAN STANLEY 3.6%

Value ($000) $14,456 Shares 460,984 Est. Cost $17.69 Unrealized +23.2%

UNH UNITEDHEALTH GROUP INC 3.4%

Value ($000) $13,779 Shares 182,985 Est. Cost $59.09 Unrealized 0.0%

— NEWCASTLE INVT CORP 3.4%

Value ($000) $13,702 Shares 2,387,152 Est. Cost $5.74 Unrealized —

— XL GROUP PLC 3.3%

Value ($000) $13,237 Shares 415,720 Est. Cost $31.84 Unrealized —

LGIH LGI HOMES INC 2.9%

Value ($000) $11,609 Shares 652,568 Est. Cost $15.67 Unrealized 0.0%

— EMERITUS CORP 2.9%

Value ($000) $11,540 Shares 533,532 Est. Cost $21.63 Unrealized —

UHS UNIVERSAL HLTH SVCS INC 2.9%

Value ($000) $11,537 Shares 141,972 Est. Cost $76.09 Unrealized 0.0%

BEN FRANKLIN RES INC 2.8%

Value ($000) $11,125 Shares 192,704 Est. Cost $28.71 Unrealized +11.9%

AGM FEDERAL AGRIC MTG CORP 2.7%

Value ($000) $11,027 Shares 321,948 Est. Cost $21.00 Unrealized +14.4%

AJG GALLAGHER ARTHUR J & CO 2.4%

Value ($000) $9,723 Shares 207,173 Est. Cost $36.51 Unrealized 0.0%

AIG AMERICAN INTL GROUP INC 2.3%

Value ($000) $9,396 Shares 184,057 Est. Cost $37.86 Unrealized 0.0%

— LAZARD LTD 2.2%

Value ($000) $8,651 Shares 190,883 Est. Cost $36.02 Unrealized —

— DIGITAL RIV INC 2.1%

Value ($000) $8,552 Shares 463,047 Est. Cost $18.47 Unrealized —

— THL CR INC 2.1%

Value ($000) $8,498 Shares 515,363 Est. Cost $15.19 Unrealized —

STWD STARWOOD PPTY TR INC 1.8%

Value ($000) $7,247 Shares 261,630 Est. Cost $24.75 Unrealized —

MET METLIFE INC 1.8%

Value ($000) $7,185 Shares 133,260 Est. Cost $25.08 Unrealized +20.1%

SLM SLM CORP 1.8%

Value ($000) $7,170 Shares 272,846 Est. Cost $9.19 Unrealized 0.0%

BPOP POPULAR INC 1.6%

Value ($000) $6,407 Shares 223,015 Est. Cost $20.37 Unrealized 0.0%

— XOOM CORP 1.5%

Value ($000) $5,958 Shares 217,671 Est. Cost $27.37 Unrealized —

— E TRADE FINANCIAL CORP 1.4%

Value ($000) $5,740 Shares 292,261 Est. Cost $15.67 Unrealized —

— AMERICA FIRST MULTIFAMILY IN 1.4%

Value ($000) $5,674 Shares 902,003 Est. Cost $6.60 Unrealized —

ARCC ARES CAP CORP 1.4%

Value ($000) $5,579 Shares 313,963 Est. Cost $5.23 Unrealized +5.7%

— GFI GROUP INC 1.2%

Value ($000) $4,921 Shares 1,258,592 Est. Cost $3.95 Unrealized —

— DESARROLLADORA HOMEX S A DE 0.3%

Value ($000) $1,348 Shares 1,152,341 Est. Cost $1.17 Unrealized —

— HEARTLAND PMT SYS INC 0.3%

Value ($000) $1,136 Shares 22,800 Est. Cost $49.82 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NNI	NELNET INC	651,083	$27,437	6.8%	$35.78	+17.9%	CL A	64031N108
NBHC	NATIONAL BK HLDGS CORP	1,171,045	$25,060	6.2%	$14.88	+10.1%	CL A	633707104
—	DIEBOLD INC	712,235	$23,511	5.9%	$33.01	—	COM	253651103
AGO	ASSURED GUARANTY LTD	993,861	$23,445	5.8%	$17.41	+1.3%	COM	G0585R106
—	KCG HLDGS INC	1,668,967	$19,961	5.0%	$11.96	—	CL A	48244B100
CASH	META FINL GROUP INC	477,589	$19,261	4.8%	$8.80	+31.1%	COM	59100U108
—	PORTFOLIO RECOVERY ASSOCS IN	321,284	$16,977	4.2%	$57.89	—	COM	73640Q105
—	INVESTMENT TECHNOLOGY GRP NE	742,209	$15,260	3.8%	$20.56	—	COM	46145F105
AER	AERCAP HOLDINGS NV	394,923	$15,145	3.8%	$16.06	+44.4%	SHS	N00985106
MS	MORGAN STANLEY	460,984	$14,456	3.6%	$17.69	+23.2%	COM NEW	617446448
UNH	UNITEDHEALTH GROUP INC	182,985	$13,779	3.4%	$59.09	0.0%	COM	91324P102
—	NEWCASTLE INVT CORP	2,387,152	$13,702	3.4%	$5.74	—	COM	65105M108
—	XL GROUP PLC	415,720	$13,237	3.3%	$31.84	—	SHS	G98290102
LGIH	LGI HOMES INC	652,568	$11,609	2.9%	$15.67	0.0%	COM	50187T106
—	EMERITUS CORP	533,532	$11,540	2.9%	$21.63	—	COM	291005106
UHS	UNIVERSAL HLTH SVCS INC	141,972	$11,537	2.9%	$76.09	0.0%	CL B	913903100
BEN	FRANKLIN RES INC	192,704	$11,125	2.8%	$28.71	+11.9%	COM	354613101
AGM	FEDERAL AGRIC MTG CORP	321,948	$11,027	2.7%	$21.00	+14.4%	CL C	313148306
AJG	GALLAGHER ARTHUR J & CO	207,173	$9,723	2.4%	$36.51	0.0%	COM	363576109
AIG	AMERICAN INTL GROUP INC	184,057	$9,396	2.3%	$37.86	0.0%	COM NEW	026874784
—	LAZARD LTD	190,883	$8,651	2.2%	$36.02	—	SHS A	G54050102
—	DIGITAL RIV INC	463,047	$8,552	2.1%	$18.47	—	COM	25388B104
—	THL CR INC	515,363	$8,498	2.1%	$15.19	—	COM	872438106
STWD	STARWOOD PPTY TR INC	261,630	$7,247	1.8%	$24.75	—	COM	85571B105
MET	METLIFE INC	133,260	$7,185	1.8%	$25.08	+20.1%	COM	59156R108
SLM	SLM CORP	272,846	$7,170	1.8%	$9.19	0.0%	COM	78442P106
BPOP	POPULAR INC	223,015	$6,407	1.6%	$20.37	0.0%	COM NEW	733174700
—	XOOM CORP	217,671	$5,958	1.5%	$27.37	—	COM	98419Q101
—	E TRADE FINANCIAL CORP	292,261	$5,740	1.4%	$15.67	—	COM NEW	269246401
—	AMERICA FIRST MULTIFAMILY IN	902,003	$5,674	1.4%	$6.60	—	BEN UNIT CTF	02364V107
ARCC	ARES CAP CORP	313,963	$5,579	1.4%	$5.23	+5.7%	COM	04010L103
—	GFI GROUP INC	1,258,592	$4,921	1.2%	$3.95	—	COM	361652209
—	DESARROLLADORA HOMEX S A DE	1,152,341	$1,348	0.3%	$1.17	—	SPONSORED ADR	25030W100
—	HEARTLAND PMT SYS INC	22,800	$1,136	0.3%	$49.82	—	COM	42235N108