Philadelphia Financial Management of San Francisco, LLC Quant / Systematic

CIK: 0001351407 · Show all filings

Period: Q3 2015 (← Previous) (Next →)

Filing Date: Nov 16, 2015

Total Value ($000): $468,665 (100.0% shares, 0.0% debt)

Holdings (39)

LSAK NET 1 UEPS TECHNOLOGIES INC 8.3%

Value ($000) $38,937 Shares 2,325,990 Est. Cost $10.80 Unrealized +76.0%

— INVESTMENT TECHNOLOGY GRP NE 5.5%

Value ($000) $25,939 Shares 1,944,488 Est. Cost $15.79 Unrealized —

AGO ASSURED GUARANTY LTD 5.4%

Value ($000) $25,444 Shares 1,017,746 Est. Cost $18.30 Unrealized +15.0%

— SANTANDER CONSUMER USA HDG I 4.8%

Value ($000) $22,430 Shares 1,098,434 Est. Cost $22.38 Unrealized —

— SPRINGLEAF HLDGS INC 4.5%

Value ($000) $21,046 Shares 481,373 Est. Cost $45.05 Unrealized —

— AMERICAN CAPITAL AGENCY CORP 4.0%

Value ($000) $18,879 Shares 1,009,567 Est. Cost $18.70 Unrealized —

CASH META FINL GROUP INC 3.6%

Value ($000) $16,980 Shares 406,516 Est. Cost $9.39 Unrealized +53.1%

ALL ALLSTATE CORP 3.6%

Value ($000) $16,937 Shares 290,818 Est. Cost $54.36 Unrealized -8.4%

LOPE GRAND CANYON ED INC 3.4%

Value ($000) $15,957 Shares 420,039 Est. Cost $42.19 Unrealized -4.8%

IVZ INVESCO LTD 3.3%

Value ($000) $15,575 Shares 498,730 Est. Cost $23.88 Unrealized -6.7%

— SYMETRA FINL CORP 3.2%

Value ($000) $15,114 Shares 477,680 Est. Cost $31.64 Unrealized —

— PENNYMAC FINL SVCS INC 3.1%

Value ($000) $14,473 Shares 904,565 Est. Cost $17.10 Unrealized —

PYPL PAYPAL HLDGS INC 3.0%

Value ($000) $13,963 Shares 449,829 Est. Cost $35.85 Unrealized 0.0%

TPVG TRIPLEPOINT VENTR GROWTH B 2.9%

Value ($000) $13,716 Shares 1,352,654 Est. Cost $15.37 Unrealized -20.6%

— KCG HLDGS INC 2.9%

Value ($000) $13,616 Shares 1,241,192 Est. Cost $11.90 Unrealized —

AER AERCAP HOLDINGS NV 2.8%

Value ($000) $13,311 Shares 348,080 Est. Cost $29.91 Unrealized +45.5%

— OM ASSET MGMT PLC 2.8%

Value ($000) $12,913 Shares 837,403 Est. Cost $17.19 Unrealized —

HMN HORACE MANN EDUCATORS CORP N 2.7%

Value ($000) $12,748 Shares 383,746 Est. Cost $34.66 Unrealized 0.0%

HLI HOULIHAN LOKEY INC 2.5%

Value ($000) $11,868 Shares 544,420 Est. Cost $17.63 Unrealized 0.0%

HIG HARTFORD FINL SVCS GROUP INC 2.2%

Value ($000) $10,445 Shares 228,150 Est. Cost $32.73 Unrealized +13.0%

— ACE LTD 2.0%

Value ($000) $9,229 Shares 89,258 Est. Cost $103.40 Unrealized —

PRI PRIMERICA INC 1.9%

Value ($000) $8,954 Shares 198,658 Est. Cost $43.78 Unrealized 0.0%

AJG GALLAGHER ARTHUR J & CO 1.9%

Value ($000) $8,905 Shares 215,723 Est. Cost $39.09 Unrealized -3.7%

— XL GROUP PLC 1.7%

Value ($000) $8,090 Shares 222,740 Est. Cost $37.20 Unrealized —

VOYA VOYA FINL INC 1.7%

Value ($000) $7,966 Shares 205,463 Est. Cost $38.05 Unrealized +3.5%

— TEXTAINER GROUP HOLDINGS LTD 1.7%

Value ($000) $7,855 Shares 476,366 Est. Cost $16.49 Unrealized —

MBI MBIA INC 1.6%

Value ($000) $7,682 Shares 1,263,473 Est. Cost $2.80 Unrealized 0.0%

JRVR JAMES RIV GROUP LTD 1.6%

Value ($000) $7,532 Shares 280,104 Est. Cost $22.03 Unrealized +22.9%

AXS AXIS CAPITAL HOLDINGS LTD 1.6%

Value ($000) $7,456 Shares 138,786 Est. Cost $41.66 Unrealized 0.0%

— FLY LEASING LTD 1.5%

Value ($000) $7,219 Shares 546,931 Est. Cost $13.91 Unrealized —

PGR PROGRESSIVE CORP OHIO 1.3%

Value ($000) $6,277 Shares 204,871 Est. Cost $18.99 Unrealized +17.2%

EVTC EVERTEC INC 1.3%

Value ($000) $6,053 Shares 335,000 Est. Cost $17.17 Unrealized 0.0%

RNR RENAISSANCERE HOLDINGS LTD 1.3%

Value ($000) $5,895 Shares 55,445 Est. Cost $103.07 Unrealized +1.8%

ITUB ITAU UNIBANCO HLDG SA 1.2%

Value ($000) $5,595 Shares 845,225 Est. Cost $6.62 Unrealized —

— TAL INTL GROUP INC 1.1%

Value ($000) $5,192 Shares 379,823 Est. Cost $13.67 Unrealized —

VIRT VIRTU FINL INC 1.0%

Value ($000) $4,522 Shares 197,307 Est. Cost $22.94 Unrealized 0.0%

— NEW HOME CO INC 0.3%

Value ($000) $1,630 Shares 125,840 Est. Cost $12.95 Unrealized —

— PERFORMANT FINL CORP 0.3%

Value ($000) $1,458 Shares 602,442 Est. Cost $3.17 Unrealized —

— FBR & CO 0.2%

Value ($000) $864 Shares 42,320 Est. Cost $20.42 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LSAK	NET 1 UEPS TECHNOLOGIES INC	2,325,990	$38,937	8.3%	$10.80	+76.0%	COM NEW	64107N206
—	INVESTMENT TECHNOLOGY GRP NE	1,944,488	$25,939	5.5%	$15.79	—	COM	46145F105
AGO	ASSURED GUARANTY LTD	1,017,746	$25,444	5.4%	$18.30	+15.0%	COM	G0585R106
—	SANTANDER CONSUMER USA HDG I	1,098,434	$22,430	4.8%	$22.38	—	COM	80283M101
—	SPRINGLEAF HLDGS INC	481,373	$21,046	4.5%	$45.05	—	COM	85172J101
—	AMERICAN CAPITAL AGENCY CORP	1,009,567	$18,879	4.0%	$18.70	—	COM	02503X105
CASH	META FINL GROUP INC	406,516	$16,980	3.6%	$9.39	+53.1%	COM	59100U108
ALL	ALLSTATE CORP	290,818	$16,937	3.6%	$54.36	-8.4%	COM	020002101
LOPE	GRAND CANYON ED INC	420,039	$15,957	3.4%	$42.19	-4.8%	COM	38526M106
IVZ	INVESCO LTD	498,730	$15,575	3.3%	$23.88	-6.7%	SHS	G491BT108
—	SYMETRA FINL CORP	477,680	$15,114	3.2%	$31.64	—	COM	87151Q106
—	PENNYMAC FINL SVCS INC	904,565	$14,473	3.1%	$17.10	—	CL A	70932B101
PYPL	PAYPAL HLDGS INC	449,829	$13,963	3.0%	$35.85	0.0%	COM	70450Y103
TPVG	TRIPLEPOINT VENTR GROWTH B	1,352,654	$13,716	2.9%	$15.37	-20.6%	COM	89677Y100
—	KCG HLDGS INC	1,241,192	$13,616	2.9%	$11.90	—	CL A	48244B100
AER	AERCAP HOLDINGS NV	348,080	$13,311	2.8%	$29.91	+45.5%	SHS	N00985106
—	OM ASSET MGMT PLC	837,403	$12,913	2.8%	$17.19	—	SHS	G67506108
HMN	HORACE MANN EDUCATORS CORP N	383,746	$12,748	2.7%	$34.66	0.0%	COM	440327104
HLI	HOULIHAN LOKEY INC	544,420	$11,868	2.5%	$17.63	0.0%	CL A	441593100
HIG	HARTFORD FINL SVCS GROUP INC	228,150	$10,445	2.2%	$32.73	+13.0%	COM	416515104
—	ACE LTD	89,258	$9,229	2.0%	$103.40	—	SHS	H0023R105
PRI	PRIMERICA INC	198,658	$8,954	1.9%	$43.78	0.0%	COM	74164M108
AJG	GALLAGHER ARTHUR J & CO	215,723	$8,905	1.9%	$39.09	-3.7%	COM	363576109
—	XL GROUP PLC	222,740	$8,090	1.7%	$37.20	—	SHS	G98290102
VOYA	VOYA FINL INC	205,463	$7,966	1.7%	$38.05	+3.5%	COM	929089100
—	TEXTAINER GROUP HOLDINGS LTD	476,366	$7,855	1.7%	$16.49	—	SHS	G8766E109
MBI	MBIA INC	1,263,473	$7,682	1.6%	$2.80	0.0%	COM	55262C100
JRVR	JAMES RIV GROUP LTD	280,104	$7,532	1.6%	$22.03	+22.9%	COM	G5005R107
AXS	AXIS CAPITAL HOLDINGS LTD	138,786	$7,456	1.6%	$41.66	0.0%	SHS	G0692U109
—	FLY LEASING LTD	546,931	$7,219	1.5%	$13.91	—	SPONSORED ADR	34407D109
PGR	PROGRESSIVE CORP OHIO	204,871	$6,277	1.3%	$18.99	+17.2%	COM	743315103
EVTC	EVERTEC INC	335,000	$6,053	1.3%	$17.17	0.0%	COM	30040P103
RNR	RENAISSANCERE HOLDINGS LTD	55,445	$5,895	1.3%	$103.07	+1.8%	COM	G7496G103
ITUB	ITAU UNIBANCO HLDG SA	845,225	$5,595	1.2%	$6.62	—	SPON ADR REP PFD	465562106
—	TAL INTL GROUP INC	379,823	$5,192	1.1%	$13.67	—	COM	874083108
VIRT	VIRTU FINL INC	197,307	$4,522	1.0%	$22.94	0.0%	CL A	928254101
—	NEW HOME CO INC	125,840	$1,630	0.3%	$12.95	—	COM	645370107
—	PERFORMANT FINL CORP	602,442	$1,458	0.3%	$3.17	—	COM	71377E105
—	FBR & CO	42,320	$864	0.2%	$20.42	—	COM NEW	30247C400