Philadelphia Financial Management of San Francisco, LLC Quant / Systematic

CIK: 0001351407 · Show all filings

Period: Q4 2017 (← Previous) (Next →)

Filing Date: Feb 14, 2018

Total Value ($000): $677,589 (100.0% shares, 0.0% debt)

Holdings (39)

— SANTANDER CONSUMER USA HDG I 5.4%

Value ($000) $36,715 Shares 1,971,785 Est. Cost $12.76 Unrealized —

AGO ASSURED GUARANTY LTD 5.2%

Value ($000) $35,512 Shares 1,048,474 Est. Cost $26.50 Unrealized +18.9%

FPH FIVE POINT HOLDINGS LLC 4.8%

Value ($000) $32,500 Shares 2,304,931 Est. Cost $14.83 Unrealized -8.1%

BPOP POPULAR INC 4.6%

Value ($000) $31,347 Shares 883,268 Est. Cost $30.33 Unrealized -9.7%

GEO GEO GROUP INC NEW 4.0%

Value ($000) $26,810 Shares 1,136,034 Est. Cost $17.59 Unrealized +2.1%

VRTS VIRTUS INVT PARTNERS INC 3.9%

Value ($000) $26,493 Shares 230,270 Est. Cost $85.20 Unrealized +7.8%

— INVESTMENT TECHNOLOGY GRP NE 3.9%

Value ($000) $26,464 Shares 1,374,777 Est. Cost $18.13 Unrealized —

CXW CORECIVIC INC 3.8%

Value ($000) $25,772 Shares 1,145,426 Est. Cost $15.81 Unrealized +20.4%

JRVR JAMES RIV GROUP LTD 3.6%

Value ($000) $24,502 Shares 612,390 Est. Cost $39.50 Unrealized +2.7%

— TRITON INTL LTD 3.4%

Value ($000) $23,114 Shares 617,188 Est. Cost $33.41 Unrealized —

SLM SLM CORP 3.2%

Value ($000) $21,721 Shares 1,922,209 Est. Cost $9.64 Unrealized +13.6%

ACIC UNITED INS HLDGS CORP 3.1%

Value ($000) $21,288 Shares 1,234,098 Est. Cost $12.42 Unrealized +3.7%

— FIRST DATA CORP NEW 2.9%

Value ($000) $19,804 Shares 1,185,167 Est. Cost $16.71 Unrealized —

UPBD RENT A CTR INC NEW 2.9%

Value ($000) $19,474 Shares 1,754,432 Est. Cost $10.95 Unrealized 0.0%

— OM ASSET MGMT PLC 2.8%

Value ($000) $19,029 Shares 1,136,053 Est. Cost $15.00 Unrealized —

RNR RENAISSANCERE HOLDINGS LTD 2.5%

Value ($000) $17,230 Shares 137,193 Est. Cost $134.26 Unrealized 0.0%

CCS CENTURY CMNTYS INC 2.5%

Value ($000) $17,001 Shares 546,642 Est. Cost $24.19 Unrealized +10.6%

— CARLYLE GROUP L P 2.5%

Value ($000) $16,625 Shares 725,986 Est. Cost $21.45 Unrealized —

— STERLING BANCORP INC 2.3%

Value ($000) $15,855 Shares 1,248,397 Est. Cost $12.70 Unrealized —

LPLA LPL FINL HLDGS INC 2.3%

Value ($000) $15,705 Shares 274,849 Est. Cost $52.62 Unrealized 0.0%

AIG AMERICAN INTL GROUP INC 2.3%

Value ($000) $15,630 Shares 262,340 Est. Cost $49.72 Unrealized 0.0%

— VALIDUS HOLDINGS LTD 2.3%

Value ($000) $15,500 Shares 330,356 Est. Cost $50.22 Unrealized —

BMA BANCO MACRO SA 2.3%

Value ($000) $15,255 Shares 131,643 Est. Cost $115.88 Unrealized —

— ALLEGHANY CORP DEL 2.2%

Value ($000) $14,604 Shares 24,500 Est. Cost $596.08 Unrealized —

— CURO GROUP HLDGS CORP 2.1%

Value ($000) $14,411 Shares 1,023,543 Est. Cost $14.08 Unrealized —

EZPW EZCORP INC 2.1%

Value ($000) $14,047 Shares 1,151,389 Est. Cost $9.63 Unrealized +13.3%

HOMB HOME BANCSHARES INC 1.8%

Value ($000) $12,451 Shares 535,509 Est. Cost $23.36 Unrealized 0.0%

— E TRADE FINANCIAL CORP 1.7%

Value ($000) $11,504 Shares 232,078 Est. Cost $49.57 Unrealized —

EIG EMPLOYERS HOLDINGS INC 1.7%

Value ($000) $11,200 Shares 252,242 Est. Cost $26.86 Unrealized +36.0%

AB ALLIANCEBERNSTEIN HOLDING LP 1.5%

Value ($000) $10,259 Shares 409,554 Est. Cost $24.53 Unrealized —

— DISCOVER FINL SVCS 1.4%

Value ($000) $9,758 Shares 126,860 Est. Cost $76.92 Unrealized —

WTW WILLIS TOWERS WATSON PUB LTD 1.4%

Value ($000) $9,619 Shares 63,834 Est. Cost $132.86 Unrealized +6.1%

— CORPORATE CAP TR INC 1.3%

Value ($000) $8,640 Shares 540,660 Est. Cost $15.98 Unrealized —

OMF ONEMAIN HLDGS INC 1.2%

Value ($000) $8,379 Shares 322,375 Est. Cost $26.80 Unrealized +3.1%

CME CME GROUP INC 1.1%

Value ($000) $7,503 Shares 51,372 Est. Cost $92.98 Unrealized +13.4%

— APOLLO GLOBAL MGMT LLC 1.1%

Value ($000) $7,242 Shares 216,363 Est. Cost $33.47 Unrealized —

— BLACKSTONE GROUP L P 1.0%

Value ($000) $7,033 Shares 219,653 Est. Cost $32.02 Unrealized —

— PERFORMANT FINL CORP 0.9%

Value ($000) $6,123 Shares 3,711,081 Est. Cost $2.00 Unrealized —

— COWEN INC 0.8%

Value ($000) $5,470 Shares 400,722 Est. Cost $13.65 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SANTANDER CONSUMER USA HDG I	1,971,785	$36,715	5.4%	$12.76	—	COM	80283M101
AGO	ASSURED GUARANTY LTD	1,048,474	$35,512	5.2%	$26.50	+18.9%	COM	G0585R106
FPH	FIVE POINT HOLDINGS LLC	2,304,931	$32,500	4.8%	$14.83	-8.1%	COM CL A	33833Q106
BPOP	POPULAR INC	883,268	$31,347	4.6%	$30.33	-9.7%	COM NEW	733174700
GEO	GEO GROUP INC NEW	1,136,034	$26,810	4.0%	$17.59	+2.1%	COM	36162J106
VRTS	VIRTUS INVT PARTNERS INC	230,270	$26,493	3.9%	$85.20	+7.8%	COM	92828Q109
—	INVESTMENT TECHNOLOGY GRP NE	1,374,777	$26,464	3.9%	$18.13	—	COM	46145F105
CXW	CORECIVIC INC	1,145,426	$25,772	3.8%	$15.81	+20.4%	COM	21871N101
JRVR	JAMES RIV GROUP LTD	612,390	$24,502	3.6%	$39.50	+2.7%	COM	G5005R107
—	TRITON INTL LTD	617,188	$23,114	3.4%	$33.41	—	CL A	G9078F107
SLM	SLM CORP	1,922,209	$21,721	3.2%	$9.64	+13.6%	COM	78442P106
ACIC	UNITED INS HLDGS CORP	1,234,098	$21,288	3.1%	$12.42	+3.7%	COM	910710102
—	FIRST DATA CORP NEW	1,185,167	$19,804	2.9%	$16.71	—	COM CL A	32008D106
UPBD	RENT A CTR INC NEW	1,754,432	$19,474	2.9%	$10.95	0.0%	COM	76009N100
—	OM ASSET MGMT PLC	1,136,053	$19,029	2.8%	$15.00	—	SHS	G67506108
RNR	RENAISSANCERE HOLDINGS LTD	137,193	$17,230	2.5%	$134.26	0.0%	COM	G7496G103
CCS	CENTURY CMNTYS INC	546,642	$17,001	2.5%	$24.19	+10.6%	COM	156504300
—	CARLYLE GROUP L P	725,986	$16,625	2.5%	$21.45	—	COM UTS LTD PTN	14309L102
—	STERLING BANCORP INC	1,248,397	$15,855	2.3%	$12.70	—	COM	85917W102
LPLA	LPL FINL HLDGS INC	274,849	$15,705	2.3%	$52.62	0.0%	COM	50212V100
AIG	AMERICAN INTL GROUP INC	262,340	$15,630	2.3%	$49.72	0.0%	COM NEW	026874784
—	VALIDUS HOLDINGS LTD	330,356	$15,500	2.3%	$50.22	—	COM SHS	G9319H102
BMA	BANCO MACRO SA	131,643	$15,255	2.3%	$115.88	—	SPON ADR B	05961W105
—	ALLEGHANY CORP DEL	24,500	$14,604	2.2%	$596.08	—	COM	017175100
—	CURO GROUP HLDGS CORP	1,023,543	$14,411	2.1%	$14.08	—	COM	23131L107
EZPW	EZCORP INC	1,151,389	$14,047	2.1%	$9.63	+13.3%	CL A NON VTG	302301106
HOMB	HOME BANCSHARES INC	535,509	$12,451	1.8%	$23.36	0.0%	COM	436893200
—	E TRADE FINANCIAL CORP	232,078	$11,504	1.7%	$49.57	—	COM NEW	269246401
EIG	EMPLOYERS HOLDINGS INC	252,242	$11,200	1.7%	$26.86	+36.0%	COM	292218104
AB	ALLIANCEBERNSTEIN HOLDING LP	409,554	$10,259	1.5%	$24.53	—	UNIT LTD PARTN	01881G106
—	DISCOVER FINL SVCS	126,860	$9,758	1.4%	$76.92	—	COM	254709108
WTW	WILLIS TOWERS WATSON PUB LTD	63,834	$9,619	1.4%	$132.86	+6.1%	SHS	G96629103
—	CORPORATE CAP TR INC	540,660	$8,640	1.3%	$15.98	—	COM	219880101
OMF	ONEMAIN HLDGS INC	322,375	$8,379	1.2%	$26.80	+3.1%	COM	68268W103
CME	CME GROUP INC	51,372	$7,503	1.1%	$92.98	+13.4%	COM CL A	12572Q105
—	APOLLO GLOBAL MGMT LLC	216,363	$7,242	1.1%	$33.47	—	CL A SHS	037612306
—	BLACKSTONE GROUP L P	219,653	$7,033	1.0%	$32.02	—	COM UNIT LTD	09253U108
—	PERFORMANT FINL CORP	3,711,081	$6,123	0.9%	$2.00	—	COM	71377E105
—	COWEN INC	400,722	$5,470	0.8%	$13.65	—	CL A NEW	223622606