Philadelphia Financial Management of San Francisco, LLC Quant / Systematic

CIK: 0001351407 · Show all filings

Period: Q1 2014 (← Previous) (Next →)

Filing Date: May 14, 2014

Total Value ($000): $436,921 (100.0% shares, 0.0% debt)

Holdings (28)

— INVESTMENT TECHNOLOGY GRP NE 7.4%

Value ($000) $32,150 Shares 1,591,586 Est. Cost $20.37 Unrealized —

NNI NELNET INC 6.6%

Value ($000) $28,674 Shares 701,069 Est. Cost $36.04 Unrealized +9.5%

AGO ASSURED GUARANTY LTD 6.4%

Value ($000) $27,920 Shares 1,102,679 Est. Cost $17.59 Unrealized +9.5%

— NATIONAL GEN HLDGS CORP 6.1%

Value ($000) $26,562 Shares 809,000 Est. Cost $32.83 Unrealized —

— KCG HLDGS INC 5.7%

Value ($000) $25,072 Shares 2,101,598 Est. Cost $11.95 Unrealized —

MS MORGAN STANLEY 5.2%

Value ($000) $22,622 Shares 725,769 Est. Cost $19.52 Unrealized +16.3%

CASH META FINL GROUP INC 5.1%

Value ($000) $22,408 Shares 499,614 Est. Cost $8.98 Unrealized +43.4%

— DIEBOLD INC 4.2%

Value ($000) $18,251 Shares 457,545 Est. Cost $33.01 Unrealized —

NBHC NATIONAL BK HLDGS CORP 4.1%

Value ($000) $18,099 Shares 901,781 Est. Cost $14.88 Unrealized +7.1%

— NEWCASTLE INVT CORP 4.1%

Value ($000) $18,034 Shares 3,837,021 Est. Cost $5.35 Unrealized —

AER AERCAP HOLDINGS NV 4.0%

Value ($000) $17,631 Shares 417,905 Est. Cost $17.29 Unrealized +122.1%

TPVG TRIPLEPOINT VENTR GRW BDC CO 4.0%

Value ($000) $17,378 Shares 1,070,100 Est. Cost $15.98 Unrealized 0.0%

MPT MEDICAL PPTYS TRUST INC 3.5%

Value ($000) $15,148 Shares 1,184,379 Est. Cost $12.79 Unrealized —

IVZ INVESCO LTD 3.4%

Value ($000) $15,043 Shares 406,557 Est. Cost $20.87 Unrealized 0.0%

— CIGNA CORPORATION 3.3%

Value ($000) $14,385 Shares 171,802 Est. Cost $83.73 Unrealized —

— MONEYGRAM INTL INC 3.2%

Value ($000) $14,196 Shares 804,278 Est. Cost $17.65 Unrealized —

— NEW MEIA INVT GROUP INC 3.2%

Value ($000) $13,801 Shares 918,819 Est. Cost $15.02 Unrealized —

BPOP POPULAR INC 3.0%

Value ($000) $12,930 Shares 417,241 Est. Cost $20.87 Unrealized +2.8%

— EMERITUS CORP 2.8%

Value ($000) $12,327 Shares 392,065 Est. Cost $21.63 Unrealized —

— XL GROUP PLC 2.6%

Value ($000) $11,218 Shares 358,989 Est. Cost $31.84 Unrealized —

AGM FEDERAL AGRIC MTG CORP 2.4%

Value ($000) $10,503 Shares 315,868 Est. Cost $21.00 Unrealized +4.9%

LGIH LGI HOMES INC 2.4%

Value ($000) $10,355 Shares 600,304 Est. Cost $15.67 Unrealized +9.2%

HIG HARTFORD FINL SVCS GROUP INC 2.1%

Value ($000) $9,343 Shares 264,910 Est. Cost $27.12 Unrealized 0.0%

NDAQ NASDAQ OMX GRUP INC 1.4%

Value ($000) $6,095 Shares 165,000 Est. Cost $10.67 Unrealized 0.0%

— DIGITAL RIV INC 1.4%

Value ($000) $6,006 Shares 344,601 Est. Cost $18.47 Unrealized —

— COWEN GROUP INC NEW 1.0%

Value ($000) $4,575 Shares 1,037,307 Est. Cost $4.41 Unrealized —

— DFC GLOBAL CORP 0.9%

Value ($000) $3,890 Shares 440,582 Est. Cost $8.83 Unrealized —

— DESARROLLADORA HOMES S A DE 0.5%

Value ($000) $2,305 Shares 1,634,487 Est. Cost $1.24 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	INVESTMENT TECHNOLOGY GRP NE	1,591,586	$32,150	7.4%	$20.37	—	COM	46145F105
NNI	NELNET INC	701,069	$28,674	6.6%	$36.04	+9.5%	CL A	64031N108
AGO	ASSURED GUARANTY LTD	1,102,679	$27,920	6.4%	$17.59	+9.5%	COM	G0585R106
—	NATIONAL GEN HLDGS CORP	809,000	$26,562	6.1%	$32.83	—	COM	636220303
—	KCG HLDGS INC	2,101,598	$25,072	5.7%	$11.95	—	CL A	48244B100
MS	MORGAN STANLEY	725,769	$22,622	5.2%	$19.52	+16.3%	COM NEW	617446448
CASH	META FINL GROUP INC	499,614	$22,408	5.1%	$8.98	+43.4%	COM	59100U108
—	DIEBOLD INC	457,545	$18,251	4.2%	$33.01	—	COM	253651103
NBHC	NATIONAL BK HLDGS CORP	901,781	$18,099	4.1%	$14.88	+7.1%	CL A	633707104
—	NEWCASTLE INVT CORP	3,837,021	$18,034	4.1%	$5.35	—	COM	65105M108
AER	AERCAP HOLDINGS NV	417,905	$17,631	4.0%	$17.29	+122.1%	SHS	N00985106
TPVG	TRIPLEPOINT VENTR GRW BDC CO	1,070,100	$17,378	4.0%	$15.98	0.0%	COM	89677Y100
MPT	MEDICAL PPTYS TRUST INC	1,184,379	$15,148	3.5%	$12.79	—	COM	58463J304
IVZ	INVESCO LTD	406,557	$15,043	3.4%	$20.87	0.0%	SHS	G491BT108
—	CIGNA CORPORATION	171,802	$14,385	3.3%	$83.73	—	COM	125509109
—	MONEYGRAM INTL INC	804,278	$14,196	3.2%	$17.65	—	COM NEW	60935Y208
—	NEW MEIA INVT GROUP INC	918,819	$13,801	3.2%	$15.02	—	COM	64704V106
BPOP	POPULAR INC	417,241	$12,930	3.0%	$20.87	+2.8%	COM NEW	733174700
—	EMERITUS CORP	392,065	$12,327	2.8%	$21.63	—	COM	291005106
—	XL GROUP PLC	358,989	$11,218	2.6%	$31.84	—	SHS	G98290102
AGM	FEDERAL AGRIC MTG CORP	315,868	$10,503	2.4%	$21.00	+4.9%	CL C	313148306
LGIH	LGI HOMES INC	600,304	$10,355	2.4%	$15.67	+9.2%	COM	50187T106
HIG	HARTFORD FINL SVCS GROUP INC	264,910	$9,343	2.1%	$27.12	0.0%	COM	416515104
NDAQ	NASDAQ OMX GRUP INC	165,000	$6,095	1.4%	$10.67	0.0%	COM	631103108
—	DIGITAL RIV INC	344,601	$6,006	1.4%	$18.47	—	COM	25388B104
—	COWEN GROUP INC NEW	1,037,307	$4,575	1.0%	$4.41	—	CL A	223622101
—	DFC GLOBAL CORP	440,582	$3,890	0.9%	$8.83	—	COM	23324T107
—	DESARROLLADORA HOMES S A DE	1,634,487	$2,305	0.5%	$1.24	—	SPONSORED ADR	25030W100