Philadelphia Financial Management of San Francisco, LLC Quant / Systematic

CIK: 0001351407 · Show all filings

Period: Q3 2018 (← Previous) (Next →)

Filing Date: Nov 14, 2018

Total Value ($000): $585,882 (100.0% shares, 0.0% debt)

Holdings (35)

AGO ASSURED GUARANTY LTD 5.4%

Value ($000) $31,796 Shares 752,916 Est. Cost $26.50 Unrealized +31.9%

— COWEN INC 5.2%

Value ($000) $30,573 Shares 1,875,660 Est. Cost $14.76 Unrealized —

— INVESTMENT TECHNOLOGY GRP NE 4.7%

Value ($000) $27,545 Shares 1,271,717 Est. Cost $18.20 Unrealized —

AIG AMERICAN INTL GROUP INC 4.4%

Value ($000) $25,985 Shares 488,072 Est. Cost $48.69 Unrealized -9.3%

— CURO GROUP HLDGS CORP 4.3%

Value ($000) $24,913 Shares 824,128 Est. Cost $14.08 Unrealized —

VOYA VOYA FINL INC 4.0%

Value ($000) $23,666 Shares 476,458 Est. Cost $45.93 Unrealized -3.3%

— AXA EQUITABLE HLDGS INC 4.0%

Value ($000) $23,537 Shares 1,097,312 Est. Cost $20.78 Unrealized —

— BRIGHTSPHERE INVESTMNT GRP P 4.0%

Value ($000) $23,406 Shares 1,887,545 Est. Cost $15.47 Unrealized —

MTG MGIC INVT CORP WIS 3.9%

Value ($000) $22,794 Shares 1,712,563 Est. Cost $12.39 Unrealized 0.0%

OMF ONEMAIN HLDGS INC 3.7%

Value ($000) $21,621 Shares 643,280 Est. Cost $33.24 Unrealized +5.3%

— BGC PARTNERS INC 3.6%

Value ($000) $21,374 Shares 1,808,287 Est. Cost $12.38 Unrealized —

BPOP POPULAR INC 3.6%

Value ($000) $21,179 Shares 413,244 Est. Cost $30.33 Unrealized +32.3%

— E TRADE FINANCIAL CORP 3.4%

Value ($000) $19,845 Shares 378,790 Est. Cost $56.38 Unrealized —

— TRITON INTL LTD 3.3%

Value ($000) $19,328 Shares 580,958 Est. Cost $32.21 Unrealized —

— SANTANDER CONSUMER USA HDG I 3.1%

Value ($000) $18,066 Shares 901,478 Est. Cost $12.76 Unrealized —

ARCC ARES CAP CORP 2.9%

Value ($000) $16,827 Shares 978,912 Est. Cost $7.54 Unrealized +12.3%

AIZ ASSURANT INC 2.6%

Value ($000) $15,264 Shares 141,395 Est. Cost $92.18 Unrealized 0.0%

CME CME GROUP INC 2.5%

Value ($000) $14,847 Shares 87,228 Est. Cost $114.04 Unrealized +13.2%

ACIC UNITED INS HLDGS CORP 2.5%

Value ($000) $14,776 Shares 660,216 Est. Cost $12.87 Unrealized +28.6%

VRTS VIRTUS INVT PARTNERS INC 2.5%

Value ($000) $14,723 Shares 129,429 Est. Cost $86.32 Unrealized +16.4%

— STERLING BANCORP DEL 2.5%

Value ($000) $14,462 Shares 657,366 Est. Cost $22.00 Unrealized —

— CARLYLE GROUP L P 2.2%

Value ($000) $13,032 Shares 577,937 Est. Cost $21.43 Unrealized —

— CAI INTERNATIONAL INC 2.2%

Value ($000) $12,827 Shares 560,873 Est. Cost $22.87 Unrealized —

AXS AXIS CAPITAL HOLDINGS LTD 2.2%

Value ($000) $12,610 Shares 218,498 Est. Cost $41.86 Unrealized +9.7%

— BLACKROCK INC 1.9%

Value ($000) $11,231 Shares 23,829 Est. Cost $487.61 Unrealized —

RWT REDWOOD TR INC 1.8%

Value ($000) $10,678 Shares 657,541 Est. Cost $16.24 Unrealized —

CARS CARS COM INC 1.6%

Value ($000) $9,649 Shares 349,459 Est. Cost $27.95 Unrealized 0.0%

— APOLLO INVT CORP 1.6%

Value ($000) $9,591 Shares 1,763,049 Est. Cost $5.44 Unrealized —

CCS CENTUTRY CMNTYS INC 1.6%

Value ($000) $9,572 Shares 364,654 Est. Cost $27.38 Unrealized +2.4%

EIG EMPLOYERS HOLDINGS INC 1.5%

Value ($000) $8,968 Shares 197,969 Est. Cost $28.63 Unrealized +21.1%

JRVR JAMES RIV GROUP LTD 1.5%

Value ($000) $8,876 Shares 208,258 Est. Cost $39.50 Unrealized +3.5%

— HEALTH INS INNOVATIONS INC 1.5%

Value ($000) $8,858 Shares 143,682 Est. Cost $61.65 Unrealized —

— CORPORATE CAP TR INC 1.5%

Value ($000) $8,570 Shares 561,619 Est. Cost $15.26 Unrealized —

CASH META FINL GROUP INC 1.3%

Value ($000) $7,455 Shares 90,199 Est. Cost $34.70 Unrealized -16.9%

PGR PROGRESSIVE CORP OHIO 1.3%

Value ($000) $7,438 Shares 104,705 Est. Cost $48.29 Unrealized +5.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AGO	ASSURED GUARANTY LTD	752,916	$31,796	5.4%	$26.50	+31.9%	COM	G0585R106
—	COWEN INC	1,875,660	$30,573	5.2%	$14.76	—	CL A NEW	223622606
—	INVESTMENT TECHNOLOGY GRP NE	1,271,717	$27,545	4.7%	$18.20	—	COM	46145F105
AIG	AMERICAN INTL GROUP INC	488,072	$25,985	4.4%	$48.69	-9.3%	COM NEW	026874784
—	CURO GROUP HLDGS CORP	824,128	$24,913	4.3%	$14.08	—	COM	23131L107
VOYA	VOYA FINL INC	476,458	$23,666	4.0%	$45.93	-3.3%	COM	929089100
—	AXA EQUITABLE HLDGS INC	1,097,312	$23,537	4.0%	$20.78	—	COM	054561105
—	BRIGHTSPHERE INVESTMNT GRP P	1,887,545	$23,406	4.0%	$15.47	—	SHS	G1644T109
MTG	MGIC INVT CORP WIS	1,712,563	$22,794	3.9%	$12.39	0.0%	COM	552848103
OMF	ONEMAIN HLDGS INC	643,280	$21,621	3.7%	$33.24	+5.3%	COM	68268W103
—	BGC PARTNERS INC	1,808,287	$21,374	3.6%	$12.38	—	CL A	05541T101
BPOP	POPULAR INC	413,244	$21,179	3.6%	$30.33	+32.3%	COM NEW	733174700
—	E TRADE FINANCIAL CORP	378,790	$19,845	3.4%	$56.38	—	COM NEW	269246401
—	TRITON INTL LTD	580,958	$19,328	3.3%	$32.21	—	CL A	G9078F107
—	SANTANDER CONSUMER USA HDG I	901,478	$18,066	3.1%	$12.76	—	COM	80283M101
ARCC	ARES CAP CORP	978,912	$16,827	2.9%	$7.54	+12.3%	COM	04010L103
AIZ	ASSURANT INC	141,395	$15,264	2.6%	$92.18	0.0%	COM	04621X108
CME	CME GROUP INC	87,228	$14,847	2.5%	$114.04	+13.2%	COM CL A	12572Q105
ACIC	UNITED INS HLDGS CORP	660,216	$14,776	2.5%	$12.87	+28.6%	COM	910710102
VRTS	VIRTUS INVT PARTNERS INC	129,429	$14,723	2.5%	$86.32	+16.4%	COM	92828Q109
—	STERLING BANCORP DEL	657,366	$14,462	2.5%	$22.00	—	COM	85917A100
—	CARLYLE GROUP L P	577,937	$13,032	2.2%	$21.43	—	COM UTS LTD PTN	14309L102
—	CAI INTERNATIONAL INC	560,873	$12,827	2.2%	$22.87	—	COM	12477X106
AXS	AXIS CAPITAL HOLDINGS LTD	218,498	$12,610	2.2%	$41.86	+9.7%	SHS	G0692U109
—	BLACKROCK INC	23,829	$11,231	1.9%	$487.61	—	COM	09247X101
RWT	REDWOOD TR INC	657,541	$10,678	1.8%	$16.24	—	COM	758075402
CARS	CARS COM INC	349,459	$9,649	1.6%	$27.95	0.0%	COM	14575E105
—	APOLLO INVT CORP	1,763,049	$9,591	1.6%	$5.44	—	COM	03761U106
CCS	CENTUTRY CMNTYS INC	364,654	$9,572	1.6%	$27.38	+2.4%	COM	156504300
EIG	EMPLOYERS HOLDINGS INC	197,969	$8,968	1.5%	$28.63	+21.1%	COM	292218104
JRVR	JAMES RIV GROUP LTD	208,258	$8,876	1.5%	$39.50	+3.5%	COM	G5005R107
—	HEALTH INS INNOVATIONS INC	143,682	$8,858	1.5%	$61.65	—	COM CL A	42225K106
—	CORPORATE CAP TR INC	561,619	$8,570	1.5%	$15.26	—	COM	219880101
CASH	META FINL GROUP INC	90,199	$7,455	1.3%	$34.70	-16.9%	COM	59100U108
PGR	PROGRESSIVE CORP OHIO	104,705	$7,438	1.3%	$48.29	+5.1%	COM	743315103