Philadelphia Financial Management of San Francisco, LLC Quant / Systematic

CIK: 0001351407 · Show all filings

Period: Q3 2022 (← Previous) (Next →)

Filing Date: Nov 14, 2022

Total Value ($000): $287,492 (100.0% shares, 0.0% debt)

Holdings (29)

AGO ASSURED GUARANTY LTD 9.2%

Value ($000) $26,415 Shares 545,196 Est. Cost $53.19 Unrealized -3.8%

ING ING GROEP N.V. 5.5%

Value ($000) $15,675 Shares 1,844,129 Est. Cost $8.50 Unrealized —

CMA COMERICA INC 5.3%

Value ($000) $15,147 Shares 213,037 Est. Cost $66.15 Unrealized 0.0%

EWBC EAST WEST BANCORP INC 5.0%

Value ($000) $14,292 Shares 212,875 Est. Cost $69.40 Unrealized -7.1%

PFBC PREFERRED BK LOS ANGELES CA 4.8%

Value ($000) $13,833 Shares 212,065 Est. Cost $69.01 Unrealized +1.1%

ALL ALLSTATE CORP 4.7%

Value ($000) $13,480 Shares 108,245 Est. Cost $112.91 Unrealized +1.5%

PGR PROGRESSIVE CORP 4.7%

Value ($000) $13,385 Shares 115,181 Est. Cost $96.63 Unrealized +13.7%

GOLD A-MARK PRECIOUS METALS INC 4.5%

Value ($000) $13,017 Shares 458,524 Est. Cost $29.13 Unrealized +4.3%

CRBG COREBRIDGE FINL INC 4.4%

Value ($000) $12,561 Shares 637,941 Est. Cost $16.26 Unrealized 0.0%

AFG AMERICAN FINL GROUP INC OHIO 4.3%

Value ($000) $12,351 Shares 100,469 Est. Cost $99.85 Unrealized +4.4%

NTB BANK OF NT BUTTERFIELD&SON L 4.1%

Value ($000) $11,813 Shares 363,925 Est. Cost $30.84 Unrealized -8.9%

UNM UNUM GROUP 3.9%

Value ($000) $11,086 Shares 285,729 Est. Cost $36.57 Unrealized 0.0%

GS GOLDMAN SACHS GROUP INC 3.8%

Value ($000) $10,910 Shares 37,229 Est. Cost $283.57 Unrealized +4.7%

EPD ENTERPRISE PRODS PARTNERS L 3.4%

Value ($000) $9,694 Shares 407,645 Est. Cost $23.78 Unrealized —

— BLACK KNIGHT INC 3.2%

Value ($000) $9,244 Shares 142,807 Est. Cost $64.73 Unrealized —

ACDC PROFRAC HLDG CORP 3.1%

Value ($000) $8,892 Shares 584,603 Est. Cost $19.60 Unrealized -8.2%

AFCG AFC GAMMA INC 2.6%

Value ($000) $7,560 Shares 494,131 Est. Cost $7.85 Unrealized -10.3%

EQH EQUITABLE HLDGS INC 2.6%

Value ($000) $7,497 Shares 284,515 Est. Cost $27.16 Unrealized -3.8%

AJG GALLAGHER ARTHUR J & CO 2.5%

Value ($000) $7,245 Shares 42,312 Est. Cost $171.86 Unrealized 0.0%

FIP FTAI INFRASTRUCTURE INC 2.3%

Value ($000) $6,733 Shares 2,805,595 Est. Cost $2.61 Unrealized 0.0%

ARCC ARES CAPITAL CORP 2.3%

Value ($000) $6,666 Shares 394,913 Est. Cost $13.92 Unrealized 0.0%

— TWITTER INC 2.2%

Value ($000) $6,468 Shares 147,538 Est. Cost $43.84 Unrealized —

MTB M & T BK CORP 2.2%

Value ($000) $6,461 Shares 36,642 Est. Cost $158.03 Unrealized 0.0%

— ARGO GROUP INTL HLDGS LTD 2.1%

Value ($000) $6,026 Shares 312,894 Est. Cost $29.39 Unrealized —

NU NU HLDGS LTD 2.0%

Value ($000) $5,788 Shares 1,315,361 Est. Cost $4.59 Unrealized 0.0%

FIBK FIRST INTST BANCSYSTEM INC 1.7%

Value ($000) $4,805 Shares 119,089 Est. Cost $30.28 Unrealized +6.2%

TCBX THIRD COAST BANCSHARES INC 1.6%

Value ($000) $4,510 Shares 263,583 Est. Cost $24.36 Unrealized -19.7%

— BANCO SANTANDER MEXICO SA 1.4%

Value ($000) $4,032 Shares 790,645 Est. Cost $5.12 Unrealized —

RBB RBB BANCORP 0.7%

Value ($000) $1,906 Shares 91,710 Est. Cost $21.61 Unrealized +0.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AGO	ASSURED GUARANTY LTD	545,196	$26,415	9.2%	$53.19	-3.8%	COM	G0585R106
ING	ING GROEP N.V.	1,844,129	$15,675	5.5%	$8.50	—	SPONSORED ADR	456837103
CMA	COMERICA INC	213,037	$15,147	5.3%	$66.15	0.0%	COM	200340107
EWBC	EAST WEST BANCORP INC	212,875	$14,292	5.0%	$69.40	-7.1%	COM	27579R104
PFBC	PREFERRED BK LOS ANGELES CA	212,065	$13,833	4.8%	$69.01	+1.1%	COM NEW	740367404
ALL	ALLSTATE CORP	108,245	$13,480	4.7%	$112.91	+1.5%	COM	020002101
PGR	PROGRESSIVE CORP	115,181	$13,385	4.7%	$96.63	+13.7%	COM	743315103
GOLD	A-MARK PRECIOUS METALS INC	458,524	$13,017	4.5%	$29.13	+4.3%	COM	00181T107
CRBG	COREBRIDGE FINL INC	637,941	$12,561	4.4%	$16.26	0.0%	COM	21871X109
AFG	AMERICAN FINL GROUP INC OHIO	100,469	$12,351	4.3%	$99.85	+4.4%	COM	025932104
NTB	BANK OF NT BUTTERFIELD&SON L	363,925	$11,813	4.1%	$30.84	-8.9%	SHS NEW	G0772R208
UNM	UNUM GROUP	285,729	$11,086	3.9%	$36.57	0.0%	COM	91529Y106
GS	GOLDMAN SACHS GROUP INC	37,229	$10,910	3.8%	$283.57	+4.7%	COM	38141G104
EPD	ENTERPRISE PRODS PARTNERS L	407,645	$9,694	3.4%	$23.78	—	COM	293792107
—	BLACK KNIGHT INC	142,807	$9,244	3.2%	$64.73	—	COM	09215C105
ACDC	PROFRAC HLDG CORP	584,603	$8,892	3.1%	$19.60	-8.2%	CLASS A COM	74319N100
AFCG	AFC GAMMA INC	494,131	$7,560	2.6%	$7.85	-10.3%	COM	00109K105
EQH	EQUITABLE HLDGS INC	284,515	$7,497	2.6%	$27.16	-3.8%	COM	29452E101
AJG	GALLAGHER ARTHUR J & CO	42,312	$7,245	2.5%	$171.86	0.0%	COM	363576109
FIP	FTAI INFRASTRUCTURE INC	2,805,595	$6,733	2.3%	$2.61	0.0%	COMMON STOCK	35953C106
ARCC	ARES CAPITAL CORP	394,913	$6,666	2.3%	$13.92	0.0%	COM	04010L103
—	TWITTER INC	147,538	$6,468	2.2%	$43.84	—	COM	90184L102
MTB	M & T BK CORP	36,642	$6,461	2.2%	$158.03	0.0%	COM	55261F104
—	ARGO GROUP INTL HLDGS LTD	312,894	$6,026	2.1%	$29.39	—	COM	G0464B107
NU	NU HLDGS LTD	1,315,361	$5,788	2.0%	$4.59	0.0%	ORD SHS CL A	G6683N103
FIBK	FIRST INTST BANCSYSTEM INC	119,089	$4,805	1.7%	$30.28	+6.2%	COM CL A	32055Y201
TCBX	THIRD COAST BANCSHARES INC	263,583	$4,510	1.6%	$24.36	-19.7%	COM	88422P109
—	BANCO SANTANDER MEXICO SA	790,645	$4,032	1.4%	$5.12	—	SPONSORED ADS B	05969B103
RBB	RBB BANCORP	91,710	$1,906	0.7%	$21.61	+0.6%	COM	74930B105