Philadelphia Financial Management of San Francisco, LLC Quant / Systematic

Location: San Francisco, CA

CIK: 0001351407 · Show all filings

Period: Q2 2018 (← Previous) (Next →)

Filing Date: Aug 14, 2018

Total Value: $617M (100.0% shares, 0.0% debt)

Holdings (40)

AGO ASSURED GUARANTY LTD 6.0%

Value $36.98M Shares 1,034,933 Est. Cost $26.50 Unrealized +20.4%

— INVESTMENT TECHNOLOGY GRP NE 4.8%

Value $29.43M Shares 1,406,868 Est. Cost $18.20 Unrealized —

CXW CORECIVIC INC 4.2%

Value $26.08M Shares 1,091,763 Est. Cost $16.04 Unrealized +8.6%

— BRIGHTSPHERE INVESTMNT GRP P 4.2%

Value $26.05M Shares 1,826,427 Est. Cost $15.58 Unrealized —

— CURO GROUP HLDGS CORP 4.0%

Value $24.92M Shares 998,841 Est. Cost $14.08 Unrealized —

GPI GROUP 1 AUTOMOTIVE INC 3.9%

Value $24.21M Shares 384,304 Est. Cost $68.15 Unrealized 0.0%

AIG AMERICAN INTL GROUP INC 3.9%

Value $24.21M Shares 456,593 Est. Cost $49.00 Unrealized -9.6%

— SANTANDER CONSUMER USA HDG I 3.5%

Value $21.76M Shares 1,139,805 Est. Cost $12.76 Unrealized —

— TRITON INTL LTD 3.5%

Value $21.3M Shares 694,564 Est. Cost $32.21 Unrealized —

BPOP POPULAR INC 3.3%

Value $20.54M Shares 454,248 Est. Cost $30.33 Unrealized +21.0%

— GREENSKY INC 3.0%

Value $18.28M Shares 864,225 Est. Cost $21.15 Unrealized —

— AXA EQUITABLE HLDGS INC 2.9%

Value $17.97M Shares 871,913 Est. Cost $20.61 Unrealized —

CCS CENTURY CMNTYS INC 2.8%

Value $17.54M Shares 556,046 Est. Cost $27.38 Unrealized +5.0%

VOYA VOYA FINL INC 2.8%

Value $17.21M Shares 366,128 Est. Cost $46.39 Unrealized +0.2%

ARCC ARES CAP CORP 2.6%

Value $15.92M Shares 967,983 Est. Cost $7.53 Unrealized +5.4%

VRTS VIRTUS INVT PARTNERS INC 2.5%

Value $15.34M Shares 119,918 Est. Cost $85.20 Unrealized +14.6%

EIG EMPLOYERS HOLDINGS INC 2.5%

Value $15.3M Shares 380,625 Est. Cost $28.63 Unrealized +11.1%

— BGC PARTNERS INC 2.5%

Value $15.25M Shares 1,346,833 Est. Cost $12.57 Unrealized —

CASH META FINL GROUP INC 2.4%

Value $14.82M Shares 152,132 Est. Cost $34.70 Unrealized +0.6%

— THOMSON REUTERS CORP 2.3%

Value $14.37M Shares 356,463 Est. Cost $40.32 Unrealized —

OMF ONEMAIN HLDGS INC 2.3%

Value $14.3M Shares 429,562 Est. Cost $32.35 Unrealized 0.0%

PAG PENSKE AUTOMOTIVE GRP INC 2.3%

Value $13.93M Shares 297,384 Est. Cost $47.95 Unrealized -1.7%

— COWEN INC 2.2%

Value $13.68M Shares 987,617 Est. Cost $13.37 Unrealized —

JRVR JAMES RIV GROUP LTD 2.1%

Value $12.76M Shares 324,739 Est. Cost $39.50 Unrealized -4.5%

ACIC UNITED INS HLDGS CORP 2.0%

Value $12.47M Shares 636,806 Est. Cost $12.73 Unrealized +24.4%

— CARLYLE GROUP L P 2.0%

Value $12.45M Shares 584,372 Est. Cost $21.43 Unrealized —

— ENVESTNET INC 1.7%

Value $10.63M Shares 193,482 Est. Cost $54.95 Unrealized —

RNR RENAISSANCERE HOLDINGS LTD 1.7%

Value $10.59M Shares 87,984 Est. Cost $133.47 Unrealized -3.2%

AXS AXIS CAPITAL HOLDINGS LTD 1.7%

Value $10.55M Shares 189,622 Est. Cost $41.24 Unrealized +11.6%

— E TRADE FINANCIAL CORP 1.7%

Value $10.54M Shares 172,359 Est. Cost $61.16 Unrealized —

PGR PROGRESSIVE CORP OHIO 1.7%

Value $10.42M Shares 176,113 Est. Cost $48.29 Unrealized 0.0%

WT WISDOMTREE INVTS INC 1.6%

Value $10.02M Shares 1,103,359 Est. Cost $10.44 Unrealized 0.0%

— BLACKSTONE GROUP L P 1.5%

Value $9.194M Shares 285,784 Est. Cost $32.17 Unrealized —

— TRIANGLE CAP CORP 1.3%

Value $7.741M Shares 673,091 Est. Cost $11.16 Unrealized —

LGIH LGI HOMES INC 1.2%

Value $7.402M Shares 128,224 Est. Cost $64.47 Unrealized 0.0%

IIPR INNOVATIVE INDL PPTYS INC 1.2%

Value $7.259M Shares 198,217 Est. Cost $26.75 Unrealized —

— BLACKROCK INC 1.1%

Value $6.991M Shares 14,009 Est. Cost $499.04 Unrealized —

AB ALLIANCEBERNSTEIN HOLDING LP 1.1%

Value $6.961M Shares 243,830 Est. Cost $24.53 Unrealized —

CME CME GROUP INC 1.1%

Value $6.828M Shares 41,657 Est. Cost $97.57 Unrealized +27.9%

— PERFORMANT FINL CORP 0.7%

Value $4.515M Shares 2,099,957 Est. Cost $2.00 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AGO	ASSURED GUARANTY LTD	1,034,933	$36.98M	6.0%	$26.50	+20.4%	COM	G0585R106
—	INVESTMENT TECHNOLOGY GRP NE	1,406,868	$29.43M	4.8%	$18.20	—	COM	46145F105
CXW	CORECIVIC INC	1,091,763	$26.08M	4.2%	$16.04	+8.6%	COM	21871N101
—	BRIGHTSPHERE INVESTMNT GRP P	1,826,427	$26.05M	4.2%	$15.58	—	SHS	G1644T109
—	CURO GROUP HLDGS CORP	998,841	$24.92M	4.0%	$14.08	—	COM	23131L107
GPI	GROUP 1 AUTOMOTIVE INC	384,304	$24.21M	3.9%	$68.15	0.0%	COM	398905109
AIG	AMERICAN INTL GROUP INC	456,593	$24.21M	3.9%	$49.00	-9.6%	COM NEW	026874784
—	SANTANDER CONSUMER USA HDG I	1,139,805	$21.76M	3.5%	$12.76	—	COM	80283M101
—	TRITON INTL LTD	694,564	$21.3M	3.5%	$32.21	—	CL A	G9078F107
BPOP	POPULAR INC	454,248	$20.54M	3.3%	$30.33	+21.0%	COM NEW	733174700
—	GREENSKY INC	864,225	$18.28M	3.0%	$21.15	—	CL A	39572G100
—	AXA EQUITABLE HLDGS INC	871,913	$17.97M	2.9%	$20.61	—	COM	054561105
CCS	CENTURY CMNTYS INC	556,046	$17.54M	2.8%	$27.38	+5.0%	COM	156504300
VOYA	VOYA FINL INC	366,128	$17.21M	2.8%	$46.39	+0.2%	COM	929089100
ARCC	ARES CAP CORP	967,983	$15.92M	2.6%	$7.53	+5.4%	COM	04010L103
VRTS	VIRTUS INVT PARTNERS INC	119,918	$15.34M	2.5%	$85.20	+14.6%	COM	92828Q109
EIG	EMPLOYERS HOLDINGS INC	380,625	$15.3M	2.5%	$28.63	+11.1%	COM	292218104
—	BGC PARTNERS INC	1,346,833	$15.25M	2.5%	$12.57	—	CL A	05541T101
CASH	META FINL GROUP INC	152,132	$14.82M	2.4%	$34.70	+0.6%	COM	59100U108
—	THOMSON REUTERS CORP	356,463	$14.37M	2.3%	$40.32	—	COM	884903105
OMF	ONEMAIN HLDGS INC	429,562	$14.3M	2.3%	$32.35	0.0%	COM	68268W103
PAG	PENSKE AUTOMOTIVE GRP INC	297,384	$13.93M	2.3%	$47.95	-1.7%	COM	70959W103
—	COWEN INC	987,617	$13.68M	2.2%	$13.37	—	CL A NEW	223622606
JRVR	JAMES RIV GROUP LTD	324,739	$12.76M	2.1%	$39.50	-4.5%	COM	G5005R107
ACIC	UNITED INS HLDGS CORP	636,806	$12.47M	2.0%	$12.73	+24.4%	COM	910710102
—	CARLYLE GROUP L P	584,372	$12.45M	2.0%	$21.43	—	COM UTS LTD PTN	14309L102
—	ENVESTNET INC	193,482	$10.63M	1.7%	$54.95	—	COM	29404K106
RNR	RENAISSANCERE HOLDINGS LTD	87,984	$10.59M	1.7%	$133.47	-3.2%	COM	G7496G103
AXS	AXIS CAPITAL HOLDINGS LTD	189,622	$10.55M	1.7%	$41.24	+11.6%	SHS	G0692U109
—	E TRADE FINANCIAL CORP	172,359	$10.54M	1.7%	$61.16	—	COM NEW	269246401
PGR	PROGRESSIVE CORP OHIO	176,113	$10.42M	1.7%	$48.29	0.0%	COM	743315103
WT	WISDOMTREE INVTS INC	1,103,359	$10.02M	1.6%	$10.44	0.0%	COM	97717P104
—	BLACKSTONE GROUP L P	285,784	$9.194M	1.5%	$32.17	—	COM UNIT LTD	09253U108
—	TRIANGLE CAP CORP	673,091	$7.741M	1.3%	$11.16	—	COM	895848109
LGIH	LGI HOMES INC	128,224	$7.402M	1.2%	$64.47	0.0%	COM	50187T106
IIPR	INNOVATIVE INDL PPTYS INC	198,217	$7.259M	1.2%	$26.75	—	COM	45781V101
—	BLACKROCK INC	14,009	$6.991M	1.1%	$499.04	—	COM	09247X101
AB	ALLIANCEBERNSTEIN HOLDING LP	243,830	$6.961M	1.1%	$24.53	—	UNIT LTD PARTN	01881G106
CME	CME GROUP INC	41,657	$6.828M	1.1%	$97.57	+27.9%	COM CL A	12572Q105
—	PERFORMANT FINL CORP	2,099,957	$4.515M	0.7%	$2.00	—	COM	71377E105