Philadelphia Financial Management of San Francisco, LLC Quant / Systematic

CIK: 0001351407 · Show all filings

Period: Q4 2018 (← Previous) (Next →)

Filing Date: Feb 14, 2019

Total Value ($000): $535,161 (100.0% shares, 0.0% debt)

Holdings (41)

AGO ASSURED GUARANTY LTD 6.0%

Value ($000) $31,931 Shares 834,138 Est. Cost $27.36 Unrealized +29.0%

— INVESTMENT TECHNOLOGY GRP NE 5.8%

Value ($000) $30,782 Shares 1,017,909 Est. Cost $18.20 Unrealized —

— COWEN INC 4.3%

Value ($000) $23,063 Shares 1,728,894 Est. Cost $14.76 Unrealized —

PAG PENSKE AUTOMOTIVE GRP INC 3.6%

Value ($000) $19,176 Shares 475,601 Est. Cost $43.24 Unrealized 0.0%

FBP FIRST BANCORP P R 3.6%

Value ($000) $19,105 Shares 2,221,454 Est. Cost $7.30 Unrealized 0.0%

— SANTANDER CONSUMER USA HLDGS I 3.5%

Value ($000) $18,566 Shares 1,055,488 Est. Cost $13.46 Unrealized —

— STERLING BANCORP DEL 3.3%

Value ($000) $17,443 Shares 1,056,512 Est. Cost $19.93 Unrealized —

— CAI INTERNATINAL INC 3.2%

Value ($000) $17,362 Shares 747,407 Est. Cost $22.96 Unrealized —

BPOP POPULAR INC 3.2%

Value ($000) $17,128 Shares 362,730 Est. Cost $30.33 Unrealized +37.6%

SBNY SIGNATURE BK NEW YORK N Y 3.2%

Value ($000) $16,994 Shares 165,300 Est. Cost $102.81 Unrealized —

ARCC ARES CAP CORP 3.2%

Value ($000) $16,885 Shares 1,083,778 Est. Cost $7.62 Unrealized +9.7%

AIZ ASSURANT INC 3.1%

Value ($000) $16,634 Shares 185,981 Est. Cost $90.61 Unrealized -5.5%

RJF RAYMOND JAMES FINANCIAL INC 3.0%

Value ($000) $16,288 Shares 218,900 Est. Cost $47.62 Unrealized 0.0%

SCHW SCHWAB CHARLES CORP NEW 2.9%

Value ($000) $15,373 Shares 370,172 Est. Cost $40.90 Unrealized 0.0%

— LAZARD LTD 2.8%

Value ($000) $14,915 Shares 404,089 Est. Cost $36.91 Unrealized —

WBS WEBSTER FINL CORP CONN 2.7%

Value ($000) $14,272 Shares 289,551 Est. Cost $57.11 Unrealized 0.0%

SF STIFEL FINL CORP 2.6%

Value ($000) $13,828 Shares 333,860 Est. Cost $27.82 Unrealized 0.0%

RNR RENAISSANCERE HOLDINGS LTD 2.4%

Value ($000) $12,969 Shares 96,999 Est. Cost $130.56 Unrealized 0.0%

OMF ONEMAIN HLDGS INC 2.4%

Value ($000) $12,857 Shares 529,327 Est. Cost $33.24 Unrealized -14.4%

— NEW YORK CMNTY BANCORP INC 2.4%

Value ($000) $12,806 Shares 1,360,891 Est. Cost $9.41 Unrealized —

ACIC UNITED INS HLDGS CORP 2.3%

Value ($000) $12,329 Shares 741,794 Est. Cost $13.14 Unrealized +16.5%

HRI HERC HLDGS INC 2.2%

Value ($000) $11,945 Shares 459,599 Est. Cost $32.10 Unrealized 0.0%

AXS AXIS CAPITAL HOLDINGS LTD 2.1%

Value ($000) $11,053 Shares 214,032 Est. Cost $41.86 Unrealized +6.6%

VIRT VIRTU FINL INC 2.0%

Value ($000) $10,953 Shares 425,187 Est. Cost $24.12 Unrealized 0.0%

— NATIONAL GEN HLDGS CORP 2.0%

Value ($000) $10,878 Shares 449,324 Est. Cost $24.21 Unrealized —

— CARLYLE GROUP L P 2.0%

Value ($000) $10,498 Shares 666,557 Est. Cost $20.67 Unrealized —

— CURO GROUP HLDGS CORP 1.9%

Value ($000) $10,095 Shares 1,063,715 Est. Cost $13.05 Unrealized —

CCS CENTURY CMNTYS INC 1.8%

Value ($000) $9,769 Shares 565,991 Est. Cost $24.60 Unrealized -20.5%

CFG CITIZENS FINL GROUP INC 1.8%

Value ($000) $9,672 Shares 325,339 Est. Cost $25.70 Unrealized 0.0%

LGIH LGI HOMES INC 1.8%

Value ($000) $9,605 Shares 212,395 Est. Cost $42.23 Unrealized 0.0%

— FS KKR CAPITAL CORP 1.7%

Value ($000) $9,259 Shares 1,787,452 Est. Cost $5.18 Unrealized —

EIG EMPLOYERS HOLDINGS INC 1.7%

Value ($000) $9,102 Shares 216,873 Est. Cost $29.15 Unrealized +18.8%

CASH META FINL GROUP INC 1.6%

Value ($000) $8,779 Shares 452,749 Est. Cost $24.93 Unrealized -9.7%

— BLACKROCK INC 1.5%

Value ($000) $8,227 Shares 20,944 Est. Cost $487.61 Unrealized —

CME CME GROUP INC 1.5%

Value ($000) $8,161 Shares 43,382 Est. Cost $114.04 Unrealized +24.7%

— AXA EQUITABLE HLDGS INC 1.4%

Value ($000) $7,424 Shares 446,416 Est. Cost $20.78 Unrealized —

RGA REINSURANCE GROUP AMER INC 1.2%

Value ($000) $6,438 Shares 45,912 Est. Cost $141.72 Unrealized 0.0%

MET METLIFE INC 1.2%

Value ($000) $6,385 Shares 155,492 Est. Cost $33.67 Unrealized 0.0%

— BLACKSTONE GROUP L P 0.8%

Value ($000) $4,319 Shares 144,877 Est. Cost $29.81 Unrealized —

LEGH LEGACY HOUSING CORP 0.3%

Value ($000) $1,850 Shares 155,082 Est. Cost $11.68 Unrealized 0.0%

— BGC PARTNERS INC 0.0%

Value ($000) $43 Shares 8,386 Est. Cost $12.38 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AGO	ASSURED GUARANTY LTD	834,138	$31,931	6.0%	$27.36	+29.0%	COM	G0585R106
—	INVESTMENT TECHNOLOGY GRP NE	1,017,909	$30,782	5.8%	$18.20	—	COM	46145F105
—	COWEN INC	1,728,894	$23,063	4.3%	$14.76	—	CL A NEW	223622606
PAG	PENSKE AUTOMOTIVE GRP INC	475,601	$19,176	3.6%	$43.24	0.0%	COM	70959W103
FBP	FIRST BANCORP P R	2,221,454	$19,105	3.6%	$7.30	0.0%	COM NEW	318672706
—	SANTANDER CONSUMER USA HLDGS I	1,055,488	$18,566	3.5%	$13.46	—	COM	80283M101
—	STERLING BANCORP DEL	1,056,512	$17,443	3.3%	$19.93	—	COM	85917A100
—	CAI INTERNATINAL INC	747,407	$17,362	3.2%	$22.96	—	COM	12477X106
BPOP	POPULAR INC	362,730	$17,128	3.2%	$30.33	+37.6%	COM NEW	733174700
SBNY	SIGNATURE BK NEW YORK N Y	165,300	$16,994	3.2%	$102.81	—	COM	82669G104
ARCC	ARES CAP CORP	1,083,778	$16,885	3.2%	$7.62	+9.7%	COM	04010L103
AIZ	ASSURANT INC	185,981	$16,634	3.1%	$90.61	-5.5%	COM	04621X108
RJF	RAYMOND JAMES FINANCIAL INC	218,900	$16,288	3.0%	$47.62	0.0%	COM	754730109
SCHW	SCHWAB CHARLES CORP NEW	370,172	$15,373	2.9%	$40.90	0.0%	COM	808513105
—	LAZARD LTD	404,089	$14,915	2.8%	$36.91	—	SHS A	G54050102
WBS	WEBSTER FINL CORP CONN	289,551	$14,272	2.7%	$57.11	0.0%	COM	947890109
SF	STIFEL FINL CORP	333,860	$13,828	2.6%	$27.82	0.0%	COM	860630102
RNR	RENAISSANCERE HOLDINGS LTD	96,999	$12,969	2.4%	$130.56	0.0%	COM	G7496G103
OMF	ONEMAIN HLDGS INC	529,327	$12,857	2.4%	$33.24	-14.4%	COM	68268W103
—	NEW YORK CMNTY BANCORP INC	1,360,891	$12,806	2.4%	$9.41	—	COM	649445103
ACIC	UNITED INS HLDGS CORP	741,794	$12,329	2.3%	$13.14	+16.5%	COM	910710102
HRI	HERC HLDGS INC	459,599	$11,945	2.2%	$32.10	0.0%	COM	42704L104
AXS	AXIS CAPITAL HOLDINGS LTD	214,032	$11,053	2.1%	$41.86	+6.6%	SHS	G0692U109
VIRT	VIRTU FINL INC	425,187	$10,953	2.0%	$24.12	0.0%	CL A	928254101
—	NATIONAL GEN HLDGS CORP	449,324	$10,878	2.0%	$24.21	—	COM	636220303
—	CARLYLE GROUP L P	666,557	$10,498	2.0%	$20.67	—	COM UTS LTD PTN	14309L102
—	CURO GROUP HLDGS CORP	1,063,715	$10,095	1.9%	$13.05	—	COM	23131L107
CCS	CENTURY CMNTYS INC	565,991	$9,769	1.8%	$24.60	-20.5%	COM	156504300
CFG	CITIZENS FINL GROUP INC	325,339	$9,672	1.8%	$25.70	0.0%	COM	174610105
LGIH	LGI HOMES INC	212,395	$9,605	1.8%	$42.23	0.0%	COM	50187T106
—	FS KKR CAPITAL CORP	1,787,452	$9,259	1.7%	$5.18	—	COM	302635107
EIG	EMPLOYERS HOLDINGS INC	216,873	$9,102	1.7%	$29.15	+18.8%	COM	292218104
CASH	META FINL GROUP INC	452,749	$8,779	1.6%	$24.93	-9.7%	COM	59100U108
—	BLACKROCK INC	20,944	$8,227	1.5%	$487.61	—	COM	09247X101
CME	CME GROUP INC	43,382	$8,161	1.5%	$114.04	+24.7%	COM CL A	12572Q105
—	AXA EQUITABLE HLDGS INC	446,416	$7,424	1.4%	$20.78	—	COM	054561105
RGA	REINSURANCE GROUP AMER INC	45,912	$6,438	1.2%	$141.72	0.0%	COM NEW	759351604
MET	METLIFE INC	155,492	$6,385	1.2%	$33.67	0.0%	COM	59156R108
—	BLACKSTONE GROUP L P	144,877	$4,319	0.8%	$29.81	—	COM UNIT LTD	09253U108
LEGH	LEGACY HOUSING CORP	155,082	$1,850	0.3%	$11.68	0.0%	COM	52472M101
—	BGC PARTNERS INC	8,386	$43	0.0%	$12.38	—	CL A	05541T101