Philadelphia Financial Management of San Francisco, LLC Quant / Systematic

Location: San Francisco, CA

CIK: 0001351407 · Show all filings

Period: Q4 2014 (← Previous) (Next →)

Filing Date: Feb 17, 2015

Total Value: $571M (100.0% shares, 0.0% debt)

Holdings (41)

— INVESTMENT TECHNOLOGY GRP NE 7.6%

Value $43.59M Shares 2,093,521 Est. Cost $18.43 Unrealized —

AGO ASSURED GUARANTY LTD 6.3%

Value $35.8M Shares 1,377,648 Est. Cost $18.30 Unrealized +8.7%

NNI NELNET INC 6.0%

Value $34.47M Shares 743,986 Est. Cost $36.54 Unrealized +24.6%

GDOT GREEN DOT CORP 5.1%

Value $28.91M Shares 1,411,157 Est. Cost $19.52 Unrealized +11.5%

LSAK NET 1 UEPS TECHNOLOGIES INC 4.3%

Value $24.78M Shares 2,173,838 Est. Cost $10.60 Unrealized +12.0%

— KCG HLDGS INC 4.3%

Value $24.69M Shares 2,119,299 Est. Cost $11.83 Unrealized —

CASH META FINL GROUP INC 3.6%

Value $20.43M Shares 583,010 Est. Cost $9.39 Unrealized +18.6%

NBHC NATIONAL BK HLDGS CORP 2.9%

Value $16.73M Shares 861,977 Est. Cost $14.91 Unrealized +2.8%

DCH AMERICAN AXLE & MFG HLDGS IN 2.9%

Value $16.45M Shares 727,962 Est. Cost $19.89 Unrealized 0.0%

— TRUECAR INC 2.8%

Value $16.22M Shares 708,243 Est. Cost $14.78 Unrealized —

— LAZARD LTD 2.8%

Value $15.93M Shares 318,340 Est. Cost $50.67 Unrealized —

SEIC SEI INVESTMENTS CO 2.6%

Value $14.82M Shares 370,102 Est. Cost $33.37 Unrealized 0.0%

— MARKIT LTD 2.6%

Value $14.71M Shares 556,709 Est. Cost $23.35 Unrealized —

— AMSURG CORP 2.6%

Value $14.69M Shares 268,361 Est. Cost $54.73 Unrealized —

TPVG TRIPLEPOINT VENTR GRW BDC CO 2.5%

Value $14.4M Shares 969,768 Est. Cost $15.98 Unrealized -9.3%

AER AERCAP HOLDINGS NV 2.5%

Value $14.31M Shares 368,668 Est. Cost $19.76 Unrealized +105.7%

ECPG ENCORE CAP GROUP INC 2.4%

Value $13.44M Shares 302,651 Est. Cost $43.04 Unrealized 0.0%

— AVOLON HLDGS LTD 2.4%

Value $13.43M Shares 678,135 Est. Cost $19.80 Unrealized —

BPOP POPULAR INC 2.3%

Value $13.33M Shares 391,490 Est. Cost $21.56 Unrealized +9.6%

LNC LINCOLN NATL CORP IND 2.3%

Value $12.97M Shares 224,964 Est. Cost $36.59 Unrealized 0.0%

PGR PROGRESSIVE CORP OHIO 2.3%

Value $12.86M Shares 476,273 Est. Cost $18.92 Unrealized 0.0%

HAFC HANMI FINL CORP 2.2%

Value $12.28M Shares 562,910 Est. Cost $20.89 Unrealized -0.4%

JRVR JAMES RIV GROUP LTD 2.1%

Value $12.21M Shares 536,521 Est. Cost $22.03 Unrealized 0.0%

CNO CNO FINL GROUP INC 2.0%

Value $11.43M Shares 663,906 Est. Cost $13.60 Unrealized +0.2%

ZION XIONS BANCORPORATION 1.9%

Value $10.92M Shares 382,940 Est. Cost $29.03 Unrealized -2.8%

— CAPITAL SR LIVING CORP 1.9%

Value $10.81M Shares 434,019 Est. Cost $24.91 Unrealized —

— PHYSICIANS RLTY TR 1.7%

Value $9.937M Shares 598,637 Est. Cost $14.25 Unrealized —

AXS AXIS CAPITAL HOLDINGS LTD 1.7%

Value $9.727M Shares 190,388 Est. Cost $33.92 Unrealized +6.4%

— NEW SR INVT GROUP INC 1.6%

Value $9.081M Shares 552,058 Est. Cost $16.45 Unrealized —

— PENNYMAC FINL SVCS INC 1.5%

Value $8.504M Shares 491,535 Est. Cost $15.32 Unrealized —

— FIFTH STR ASSET MGMT INC 1.4%

Value $7.87M Shares 564,184 Est. Cost $13.95 Unrealized —

— SYMETRA FINL CORP 1.3%

Value $7.701M Shares 334,111 Est. Cost $23.05 Unrealized —

TFIN TRIUMPH BANCORP INC 1.3%

Value $7.365M Shares 543,557 Est. Cost $13.63 Unrealized 0.0%

— COLONY FINL INC 1.1%

Value $6.346M Shares 266,434 Est. Cost $23.82 Unrealized —

— FLY LEASING LTD 1.1%

Value $6.061M Shares 460,880 Est. Cost $13.15 Unrealized —

— MEDLEY MGMT INC 1.0%

Value $5.611M Shares 381,730 Est. Cost $16.87 Unrealized —

— COWEN GROUP INC NEW 0.8%

Value $4.8M Shares 1,000,000 Est. Cost $4.80 Unrealized —

— PHH CORP 0.8%

Value $4.507M Shares 188,111 Est. Cost $23.96 Unrealized —

— XOOM CORP 0.8%

Value $4.397M Shares 251,097 Est. Cost $17.51 Unrealized —

KBH KB HOME 0.7%

Value $3.935M Shares 237,760 Est. Cost $14.16 Unrealized 0.0%

— BENEFICIAL MUTUAL BANCORP IN 0.1%

Value $568K Shares 46,330 Est. Cost $12.78 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	INVESTMENT TECHNOLOGY GRP NE	2,093,521	$43.59M	7.6%	$18.43	—	COM	46145F105
AGO	ASSURED GUARANTY LTD	1,377,648	$35.8M	6.3%	$18.30	+8.7%	COM	G0585R106
NNI	NELNET INC	743,986	$34.47M	6.0%	$36.54	+24.6%	CL A	64031N108
GDOT	GREEN DOT CORP	1,411,157	$28.91M	5.1%	$19.52	+11.5%	CL A	39304D102
LSAK	NET 1 UEPS TECHNOLOGIES INC	2,173,838	$24.78M	4.3%	$10.60	+12.0%	COM NEW	64107N206
—	KCG HLDGS INC	2,119,299	$24.69M	4.3%	$11.83	—	CL A	48244B100
CASH	META FINL GROUP INC	583,010	$20.43M	3.6%	$9.39	+18.6%	COM	59100U108
NBHC	NATIONAL BK HLDGS CORP	861,977	$16.73M	2.9%	$14.91	+2.8%	CL A	633707104
DCH	AMERICAN AXLE & MFG HLDGS IN	727,962	$16.45M	2.9%	$19.89	0.0%	COM	024061103
—	TRUECAR INC	708,243	$16.22M	2.8%	$14.78	—	COM	89785L107
—	LAZARD LTD	318,340	$15.93M	2.8%	$50.67	—	SHS A	G54050102
SEIC	SEI INVESTMENTS CO	370,102	$14.82M	2.6%	$33.37	0.0%	COM	784117103
—	MARKIT LTD	556,709	$14.71M	2.6%	$23.35	—	SHS	G58249106
—	AMSURG CORP	268,361	$14.69M	2.6%	$54.73	—	COM	03232P405
TPVG	TRIPLEPOINT VENTR GRW BDC CO	969,768	$14.4M	2.5%	$15.98	-9.3%	COM	89677Y100
AER	AERCAP HOLDINGS NV	368,668	$14.31M	2.5%	$19.76	+105.7%	SHS	N00985106
ECPG	ENCORE CAP GROUP INC	302,651	$13.44M	2.4%	$43.04	0.0%	COM	292554102
—	AVOLON HLDGS LTD	678,135	$13.43M	2.4%	$19.80	—	COM	G52237107
BPOP	POPULAR INC	391,490	$13.33M	2.3%	$21.56	+9.6%	COM NEW	733174700
LNC	LINCOLN NATL CORP IND	224,964	$12.97M	2.3%	$36.59	0.0%	COM	534187109
PGR	PROGRESSIVE CORP OHIO	476,273	$12.86M	2.3%	$18.92	0.0%	COM	743315103
HAFC	HANMI FINL CORP	562,910	$12.28M	2.2%	$20.89	-0.4%	COM NEW	410495204
JRVR	JAMES RIV GROUP LTD	536,521	$12.21M	2.1%	$22.03	0.0%	COM	G5005R107
CNO	CNO FINL GROUP INC	663,906	$11.43M	2.0%	$13.60	+0.2%	COM	12621E103
ZION	XIONS BANCORPORATION	382,940	$10.92M	1.9%	$29.03	-2.8%	COM	989701107
—	CAPITAL SR LIVING CORP	434,019	$10.81M	1.9%	$24.91	—	COM	140475104
—	PHYSICIANS RLTY TR	598,637	$9.937M	1.7%	$14.25	—	COM	71943U104
AXS	AXIS CAPITAL HOLDINGS LTD	190,388	$9.727M	1.7%	$33.92	+6.4%	SHS	G0692U109
—	NEW SR INVT GROUP INC	552,058	$9.081M	1.6%	$16.45	—	COM	648691103
—	PENNYMAC FINL SVCS INC	491,535	$8.504M	1.5%	$15.32	—	CL A	70932B101
—	FIFTH STR ASSET MGMT INC	564,184	$7.87M	1.4%	$13.95	—	CL A COM	31679P109
—	SYMETRA FINL CORP	334,111	$7.701M	1.3%	$23.05	—	COM	87151Q106
TFIN	TRIUMPH BANCORP INC	543,557	$7.365M	1.3%	$13.63	0.0%	COM	89679E300
—	COLONY FINL INC	266,434	$6.346M	1.1%	$23.82	—	COM	19624R106
—	FLY LEASING LTD	460,880	$6.061M	1.1%	$13.15	—	SPONSORED ADR	34407D109
—	MEDLEY MGMT INC	381,730	$5.611M	1.0%	$16.87	—	CL A COM	58503T106
—	COWEN GROUP INC NEW	1,000,000	$4.8M	0.8%	$4.80	—	CL A	223622101
—	PHH CORP	188,111	$4.507M	0.8%	$23.96	—	COM NEW	693320202
—	XOOM CORP	251,097	$4.397M	0.8%	$17.51	—	COM	98419Q101
KBH	KB HOME	237,760	$3.935M	0.7%	$14.16	0.0%	COM	48666K109
—	BENEFICIAL MUTUAL BANCORP IN	46,330	$568K	0.1%	$12.78	—	COM	08173R104