Philadelphia Financial Management of San Francisco, LLC Quant / Systematic

CIK: 0001351407 · Show all filings

Period: Q1 2018 (← Previous) (Next →)

Filing Date: May 15, 2018

Total Value ($000): $579,156 (100.0% shares, 0.0% debt)

Holdings (41)

AGO ASSURED GUARANTY LTD 6.5%

Value ($000) $37,442 Shares 1,034,316 Est. Cost $26.50 Unrealized +15.9%

— TRITON INTL LTD 5.7%

Value ($000) $32,926 Shares 1,076,004 Est. Cost $32.21 Unrealized —

— INVESTMENT TECHNOLOGY GRP NE 4.7%

Value ($000) $27,074 Shares 1,371,509 Est. Cost $18.13 Unrealized —

UPBD RENT A CTR INC NEW 4.6%

Value ($000) $26,839 Shares 3,109,920 Est. Cost $10.36 Unrealized -7.3%

— BRIGHTSPHERE INVESTMNT GRP P 4.4%

Value ($000) $25,254 Shares 1,602,417 Est. Cost $15.76 Unrealized —

AIG AMERICAN INTL GROUP INC 4.3%

Value ($000) $25,093 Shares 461,099 Est. Cost $49.00 Unrealized -1.9%

BPOP POPULAR INC 4.1%

Value ($000) $23,935 Shares 575,082 Est. Cost $30.33 Unrealized +7.7%

VRTS VIRTUS INVT PARTNERS INC 3.5%

Value ($000) $20,551 Shares 166,003 Est. Cost $85.20 Unrealized +16.6%

— SANTANDER CONSUMER USA HDG I 3.5%

Value ($000) $20,121 Shares 1,234,406 Est. Cost $12.76 Unrealized —

SLM SLM CORP 3.3%

Value ($000) $19,277 Shares 1,719,633 Est. Cost $9.64 Unrealized +16.6%

JRVR JAMES RIV GROUP LTD 3.2%

Value ($000) $18,678 Shares 526,589 Est. Cost $39.50 Unrealized -7.9%

CXW CORECIVIC INC 3.2%

Value ($000) $18,307 Shares 937,850 Est. Cost $15.81 Unrealized +10.4%

VOYA VOYA FINL INC 3.0%

Value ($000) $17,588 Shares 348,274 Est. Cost $46.39 Unrealized 0.0%

— CURO GROUP HLDGS CORP 3.0%

Value ($000) $17,432 Shares 1,013,472 Est. Cost $14.08 Unrealized —

FPH FIVE POINT HOLDINGS LLC 2.9%

Value ($000) $16,787 Shares 1,177,186 Est. Cost $14.83 Unrealized -5.2%

AXS AXIS CAPITAL HOLDINGS LTD 2.6%

Value ($000) $14,770 Shares 256,561 Est. Cost $41.24 Unrealized 0.0%

— COWEN INC 2.4%

Value ($000) $13,930 Shares 1,055,288 Est. Cost $13.37 Unrealized —

EIG EMPLOYERS HOLDINGS INC 2.4%

Value ($000) $13,852 Shares 342,437 Est. Cost $28.27 Unrealized +14.0%

— TCF FINL CORP 2.4%

Value ($000) $13,650 Shares 598,420 Est. Cost $22.81 Unrealized —

ARCC ARES CAP CORP 2.3%

Value ($000) $13,441 Shares 846,924 Est. Cost $7.48 Unrealized 0.0%

ACIC UNITED INS HLDGS CORP 1.9%

Value ($000) $11,084 Shares 579,082 Est. Cost $12.42 Unrealized +23.1%

— BGC PARTNERS INC 1.8%

Value ($000) $10,656 Shares 792,261 Est. Cost $13.45 Unrealized —

EVTC EVERTEC INC 1.8%

Value ($000) $10,603 Shares 648,481 Est. Cost $15.07 Unrealized 0.0%

— CARLYLE GROUP L P 1.8%

Value ($000) $10,579 Shares 495,489 Est. Cost $21.45 Unrealized —

RNR RENAISSANCERE HOLDINGS LTD 1.8%

Value ($000) $10,278 Shares 74,205 Est. Cost $134.26 Unrealized -3.3%

CME CME GROUP INC 1.7%

Value ($000) $9,932 Shares 61,410 Est. Cost $97.57 Unrealized +24.1%

IIPR INNOVATIVE INDL PPTYS INC 1.7%

Value ($000) $9,683 Shares 361,982 Est. Cost $26.75 Unrealized —

AB ALLIANCEBERNSTEIN HOLDING LP 1.7%

Value ($000) $9,648 Shares 359,338 Est. Cost $24.53 Unrealized —

— LAZARD LTD 1.6%

Value ($000) $9,528 Shares 181,271 Est. Cost $52.56 Unrealized —

RJF RAYMOND JAMES FINANCIAL INC 1.6%

Value ($000) $9,394 Shares 105,065 Est. Cost $55.10 Unrealized 0.0%

— STERLING BANCORP INC 1.4%

Value ($000) $8,244 Shares 610,235 Est. Cost $12.70 Unrealized —

PAG PENSKE AUTOMOTIVE GRP INC 1.4%

Value ($000) $7,837 Shares 176,787 Est. Cost $48.49 Unrealized 0.0%

— PERFORMANT FINL CORP 1.3%

Value ($000) $7,250 Shares 2,416,820 Est. Cost $2.00 Unrealized —

— FORTRESS TRANS INFRST INVS L 1.2%

Value ($000) $7,218 Shares 452,518 Est. Cost $15.95 Unrealized —

— TRIANGLE CAP CORP 1.2%

Value ($000) $6,910 Shares 620,876 Est. Cost $11.13 Unrealized —

— FRANKLIN FINL NETWORK INC 1.1%

Value ($000) $6,258 Shares 191,957 Est. Cost $32.60 Unrealized —

CASH META FINL GROUP INC 1.0%

Value ($000) $5,909 Shares 54,116 Est. Cost $34.33 Unrealized 0.0%

CCS CENTURY CMNTYS INC 0.9%

Value ($000) $5,024 Shares 167,731 Est. Cost $24.19 Unrealized +23.0%

MBI MBIA INC 0.7%

Value ($000) $4,093 Shares 441,990 Est. Cost $3.51 Unrealized 0.0%

— MIDSOUTH BANCORP INC 0.2%

Value ($000) $1,347 Shares 106,488 Est. Cost $12.65 Unrealized —

— ATLAS FINANCIAL HOLDINGS INC 0.1%

Value ($000) $734 Shares 70,936 Est. Cost $10.35 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AGO	ASSURED GUARANTY LTD	1,034,316	$37,442	6.5%	$26.50	+15.9%	COM	G0585R106
—	TRITON INTL LTD	1,076,004	$32,926	5.7%	$32.21	—	CL A	G9078F107
—	INVESTMENT TECHNOLOGY GRP NE	1,371,509	$27,074	4.7%	$18.13	—	COM	46145F105
UPBD	RENT A CTR INC NEW	3,109,920	$26,839	4.6%	$10.36	-7.3%	COM	76009N100
—	BRIGHTSPHERE INVESTMNT GRP P	1,602,417	$25,254	4.4%	$15.76	—	SHS	G1644T109
AIG	AMERICAN INTL GROUP INC	461,099	$25,093	4.3%	$49.00	-1.9%	COM NEW	026874784
BPOP	POPULAR INC	575,082	$23,935	4.1%	$30.33	+7.7%	COM NEW	733174700
VRTS	VIRTUS INVT PARTNERS INC	166,003	$20,551	3.5%	$85.20	+16.6%	COM	92828Q109
—	SANTANDER CONSUMER USA HDG I	1,234,406	$20,121	3.5%	$12.76	—	COM	80283M101
SLM	SLM CORP	1,719,633	$19,277	3.3%	$9.64	+16.6%	COM	78442P106
JRVR	JAMES RIV GROUP LTD	526,589	$18,678	3.2%	$39.50	-7.9%	COM	G5005R107
CXW	CORECIVIC INC	937,850	$18,307	3.2%	$15.81	+10.4%	COM	21871N101
VOYA	VOYA FINL INC	348,274	$17,588	3.0%	$46.39	0.0%	COM	929089100
—	CURO GROUP HLDGS CORP	1,013,472	$17,432	3.0%	$14.08	—	COM	23131L107
FPH	FIVE POINT HOLDINGS LLC	1,177,186	$16,787	2.9%	$14.83	-5.2%	COM CL A	33833Q106
AXS	AXIS CAPITAL HOLDINGS LTD	256,561	$14,770	2.6%	$41.24	0.0%	SHS	G0692U109
—	COWEN INC	1,055,288	$13,930	2.4%	$13.37	—	CL A NEW	223622606
EIG	EMPLOYERS HOLDINGS INC	342,437	$13,852	2.4%	$28.27	+14.0%	COM	292218104
—	TCF FINL CORP	598,420	$13,650	2.4%	$22.81	—	COM	872275102
ARCC	ARES CAP CORP	846,924	$13,441	2.3%	$7.48	0.0%	COM	04010L103
ACIC	UNITED INS HLDGS CORP	579,082	$11,084	1.9%	$12.42	+23.1%	COM	910710102
—	BGC PARTNERS INC	792,261	$10,656	1.8%	$13.45	—	CL A	05541T101
EVTC	EVERTEC INC	648,481	$10,603	1.8%	$15.07	0.0%	COM	30040P103
—	CARLYLE GROUP L P	495,489	$10,579	1.8%	$21.45	—	COM UTS LTD PTN	14309L102
RNR	RENAISSANCERE HOLDINGS LTD	74,205	$10,278	1.8%	$134.26	-3.3%	COM	G7496G103
CME	CME GROUP INC	61,410	$9,932	1.7%	$97.57	+24.1%	COM CL A	12572Q105
IIPR	INNOVATIVE INDL PPTYS INC	361,982	$9,683	1.7%	$26.75	—	COM	45781V101
AB	ALLIANCEBERNSTEIN HOLDING LP	359,338	$9,648	1.7%	$24.53	—	UNIT LTD PARTN	01881G106
—	LAZARD LTD	181,271	$9,528	1.6%	$52.56	—	SHS A	G54050102
RJF	RAYMOND JAMES FINANCIAL INC	105,065	$9,394	1.6%	$55.10	0.0%	COM	754730109
—	STERLING BANCORP INC	610,235	$8,244	1.4%	$12.70	—	COM	85917W102
PAG	PENSKE AUTOMOTIVE GRP INC	176,787	$7,837	1.4%	$48.49	0.0%	COM	70959W103
—	PERFORMANT FINL CORP	2,416,820	$7,250	1.3%	$2.00	—	COM	71377E105
—	FORTRESS TRANS INFRST INVS L	452,518	$7,218	1.2%	$15.95	—	COM REP LTD LIAB	34960P101
—	TRIANGLE CAP CORP	620,876	$6,910	1.2%	$11.13	—	COM	895848109
—	FRANKLIN FINL NETWORK INC	191,957	$6,258	1.1%	$32.60	—	COM	35352P104
CASH	META FINL GROUP INC	54,116	$5,909	1.0%	$34.33	0.0%	COM	59100U108
CCS	CENTURY CMNTYS INC	167,731	$5,024	0.9%	$24.19	+23.0%	COM	156504300
MBI	MBIA INC	441,990	$4,093	0.7%	$3.51	0.0%	COM	55262C100
—	MIDSOUTH BANCORP INC	106,488	$1,347	0.2%	$12.65	—	COM	598039105
—	ATLAS FINANCIAL HOLDINGS INC	70,936	$734	0.1%	$10.35	—	SHS NEW	G06207115