Philadelphia Financial Management of San Francisco, LLC Quant / Systematic

CIK: 0001351407 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 15, 2020

Total Value ($000): $389,956 (100.0% shares, 0.0% debt)

Holdings (41)

PFSI PENNYMAC FINL SVCS INC 5.9%

Value ($000) $22,858 Shares 1,033,816 Est. Cost $29.83 Unrealized 0.0%

AGO ASSURED GUARANTY LTD 5.1%

Value ($000) $19,710 Shares 764,266 Est. Cost $30.77 Unrealized +21.2%

— COWEN INC 4.9%

Value ($000) $19,109 Shares 1,978,181 Est. Cost $14.74 Unrealized —

SLM SLM CORP 4.3%

Value ($000) $16,958 Shares 2,358,490 Est. Cost $9.66 Unrealized 0.0%

PJT PJT PARTNERS INC 4.2%

Value ($000) $16,194 Shares 373,230 Est. Cost $40.20 Unrealized 0.0%

OMF ONEMAIN HLDGS INC 3.8%

Value ($000) $14,810 Shares 774,556 Est. Cost $34.10 Unrealized +9.3%

— ALLEGHANY CORP DEL 3.5%

Value ($000) $13,777 Shares 24,942 Est. Cost $690.89 Unrealized —

KMPR KEMPER CORP DEL 3.5%

Value ($000) $13,500 Shares 181,531 Est. Cost $74.59 Unrealized +0.4%

— BGC PARTNERS INC 3.4%

Value ($000) $13,270 Shares 5,266,011 Est. Cost $4.17 Unrealized —

TW TRADEWEB MKTS INC 3.4%

Value ($000) $13,229 Shares 314,672 Est. Cost $43.19 Unrealized +6.0%

— TCF FINANCIAL CORPORATION NE 3.3%

Value ($000) $12,799 Shares 564,821 Est. Cost $35.71 Unrealized —

BR BROADRIDGE FINL SOLUTIONS IN 3.2%

Value ($000) $12,648 Shares 133,374 Est. Cost $103.19 Unrealized 0.0%

SSNC SS&C TECHNOLOGIES HLDGS INC 3.1%

Value ($000) $12,043 Shares 274,820 Est. Cost $56.54 Unrealized 0.0%

— FOCUS FINL PARTNERS INC 3.0%

Value ($000) $11,880 Shares 516,288 Est. Cost $25.59 Unrealized —

PGR PROGRESSIVE CORP OHIO 3.0%

Value ($000) $11,732 Shares 158,888 Est. Cost $65.34 Unrealized 0.0%

— ENVESTNET INC 2.8%

Value ($000) $10,762 Shares 200,110 Est. Cost $53.78 Unrealized —

EQH EQUITABLE HLDGS INC 2.6%

Value ($000) $10,045 Shares 695,156 Est. Cost $18.74 Unrealized 0.0%

ABCB AMERIS BANCORP 2.5%

Value ($000) $9,755 Shares 410,544 Est. Cost $32.64 Unrealized 0.0%

GDOT GREEN DOT CORP 2.4%

Value ($000) $9,422 Shares 371,095 Est. Cost $28.78 Unrealized 0.0%

— BROOKFIELD ASSET MGMT INC 2.2%

Value ($000) $8,476 Shares 191,549 Est. Cost $54.85 Unrealized —

OSG AMBAC FINL GROUP INC 2.1%

Value ($000) $8,142 Shares 659,769 Est. Cost $19.62 Unrealized -2.3%

BWIN BRP GROUP INC 2.1%

Value ($000) $8,080 Shares 765,865 Est. Cost $15.94 Unrealized -4.6%

— FORTRESS TRANS INFRST INVS L 2.1%

Value ($000) $8,015 Shares 977,469 Est. Cost $14.90 Unrealized —

BX BLACKSTONE GROUP INC 2.0%

Value ($000) $7,691 Shares 168,766 Est. Cost $45.26 Unrealized 0.0%

MKL MARKEL CORP 1.9%

Value ($000) $7,547 Shares 8,134 Est. Cost $1136.92 Unrealized +0.6%

V VISA INC 1.8%

Value ($000) $7,042 Shares 43,706 Est. Cost $153.36 Unrealized +17.8%

CG CARLYLE GROUP INC 1.8%

Value ($000) $6,998 Shares 323,239 Est. Cost $23.69 Unrealized 0.0%

MCY MERCURY GENL CORP NEW 1.7%

Value ($000) $6,628 Shares 162,779 Est. Cost $45.63 Unrealized 0.0%

VEL VELOCITY FINL INC 1.6%

Value ($000) $6,347 Shares 842,938 Est. Cost $11.67 Unrealized 0.0%

LAD LITHIA MTRS INC 1.6%

Value ($000) $6,281 Shares 76,800 Est. Cost $120.63 Unrealized 0.0%

SAH SONIC AUTOMOTIVE INC 1.6%

Value ($000) $6,209 Shares 467,518 Est. Cost $26.08 Unrealized 0.0%

URI UNITED RENTALS INC 1.5%

Value ($000) $5,982 Shares 58,137 Est. Cost $128.39 Unrealized 0.0%

VRTS VIRTUS INVT PARTNERS INC 1.4%

Value ($000) $5,607 Shares 73,670 Est. Cost $92.06 Unrealized 0.0%

— NATIONAL GEN HLDGS CORP 1.2%

Value ($000) $4,854 Shares 293,278 Est. Cost $23.12 Unrealized —

WTW WILLIS TOWERS WATSON PLC LTD 1.2%

Value ($000) $4,657 Shares 27,416 Est. Cost $181.50 Unrealized 0.0%

AB ALLIANCEBERNSTEIN HLDG L P 1.2%

Value ($000) $4,512 Shares 242,738 Est. Cost $29.11 Unrealized —

ALTG ALTA EQUIPMENT GROUP INC 1.0%

Value ($000) $3,886 Shares 909,979 Est. Cost $8.01 Unrealized 0.0%

— WATFORD HOLDINGS LTD 0.9%

Value ($000) $3,440 Shares 234,827 Est. Cost $14.65 Unrealized —

AN AUTONATION INC 0.8%

Value ($000) $3,097 Shares 110,360 Est. Cost $41.27 Unrealized 0.0%

ONEW ONEWATER MARINE INC 0.3%

Value ($000) $1,203 Shares 157,216 Est. Cost $11.66 Unrealized 0.0%

IMPM IMPAC MTG HLDGS INC 0.2%

Value ($000) $761 Shares 313,013 Est. Cost $5.39 Unrealized -3.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PFSI	PENNYMAC FINL SVCS INC	1,033,816	$22,858	5.9%	$29.83	0.0%	COM	70932M107
AGO	ASSURED GUARANTY LTD	764,266	$19,710	5.1%	$30.77	+21.2%	COM	G0585R106
—	COWEN INC	1,978,181	$19,109	4.9%	$14.74	—	CL A NEW	223622606
SLM	SLM CORP	2,358,490	$16,958	4.3%	$9.66	0.0%	COM	78442P106
PJT	PJT PARTNERS INC	373,230	$16,194	4.2%	$40.20	0.0%	COM CL A	69343T107
OMF	ONEMAIN HLDGS INC	774,556	$14,810	3.8%	$34.10	+9.3%	COM	68268W103
—	ALLEGHANY CORP DEL	24,942	$13,777	3.5%	$690.89	—	COM	017175100
KMPR	KEMPER CORP DEL	181,531	$13,500	3.5%	$74.59	+0.4%	COM	488401100
—	BGC PARTNERS INC	5,266,011	$13,270	3.4%	$4.17	—	CL A	05541T101
TW	TRADEWEB MKTS INC	314,672	$13,229	3.4%	$43.19	+6.0%	CL A	892672106
—	TCF FINANCIAL CORPORATION NE	564,821	$12,799	3.3%	$35.71	—	COM	872307103
BR	BROADRIDGE FINL SOLUTIONS IN	133,374	$12,648	3.2%	$103.19	0.0%	COM	11133T103
SSNC	SS&C TECHNOLOGIES HLDGS INC	274,820	$12,043	3.1%	$56.54	0.0%	COM	78467J100
—	FOCUS FINL PARTNERS INC	516,288	$11,880	3.0%	$25.59	—	COM CL A	34417P100
PGR	PROGRESSIVE CORP OHIO	158,888	$11,732	3.0%	$65.34	0.0%	COM	743315103
—	ENVESTNET INC	200,110	$10,762	2.8%	$53.78	—	COM	29404K106
EQH	EQUITABLE HLDGS INC	695,156	$10,045	2.6%	$18.74	0.0%	COM	29452E101
ABCB	AMERIS BANCORP	410,544	$9,755	2.5%	$32.64	0.0%	COM	03076K108
GDOT	GREEN DOT CORP	371,095	$9,422	2.4%	$28.78	0.0%	CL A	39304D102
—	BROOKFIELD ASSET MGMT INC	191,549	$8,476	2.2%	$54.85	—	CL A LTD VT SH	112585104
OSG	AMBAC FINL GROUP INC	659,769	$8,142	2.1%	$19.62	-2.3%	COM NEW	023139884
BWIN	BRP GROUP INC	765,865	$8,080	2.1%	$15.94	-4.6%	COM CL A	05589G102
—	FORTRESS TRANS INFRST INVS L	977,469	$8,015	2.1%	$14.90	—	COM REP LTD LIAB	34960P101
BX	BLACKSTONE GROUP INC	168,766	$7,691	2.0%	$45.26	0.0%	COM CL A	09260D107
MKL	MARKEL CORP	8,134	$7,547	1.9%	$1136.92	+0.6%	COM	570535104
V	VISA INC	43,706	$7,042	1.8%	$153.36	+17.8%	COM CL A	92826C839
CG	CARLYLE GROUP INC	323,239	$6,998	1.8%	$23.69	0.0%	COM	14316J108
MCY	MERCURY GENL CORP NEW	162,779	$6,628	1.7%	$45.63	0.0%	COM	589400100
VEL	VELOCITY FINL INC	842,938	$6,347	1.6%	$11.67	0.0%	COM	92262D101
LAD	LITHIA MTRS INC	76,800	$6,281	1.6%	$120.63	0.0%	CL A	536797103
SAH	SONIC AUTOMOTIVE INC	467,518	$6,209	1.6%	$26.08	0.0%	CL A	83545G102
URI	UNITED RENTALS INC	58,137	$5,982	1.5%	$128.39	0.0%	COM	911363109
VRTS	VIRTUS INVT PARTNERS INC	73,670	$5,607	1.4%	$92.06	0.0%	COM	92828Q109
—	NATIONAL GEN HLDGS CORP	293,278	$4,854	1.2%	$23.12	—	COM	636220303
WTW	WILLIS TOWERS WATSON PLC LTD	27,416	$4,657	1.2%	$181.50	0.0%	SHS	G96629103
AB	ALLIANCEBERNSTEIN HLDG L P	242,738	$4,512	1.2%	$29.11	—	UNIT LTD PARTN	01881G106
ALTG	ALTA EQUIPMENT GROUP INC	909,979	$3,886	1.0%	$8.01	0.0%	COMMON STOCK	02128L106
—	WATFORD HOLDINGS LTD	234,827	$3,440	0.9%	$14.65	—	SHS	G94787101
AN	AUTONATION INC	110,360	$3,097	0.8%	$41.27	0.0%	COM	05329W102
ONEW	ONEWATER MARINE INC	157,216	$1,203	0.3%	$11.66	0.0%	CL A COM	68280L101
IMPM	IMPAC MTG HLDGS INC	313,013	$761	0.2%	$5.39	-3.1%	COM NEW	45254P508