Philadelphia Financial Management of San Francisco, LLC Quant / Systematic

CIK: 0001351407 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 14, 2024

Total Value ($000): $565,307 (100.0% shares, 0.0% debt)

Holdings (35)

XLF SELECT SECTOR SPDR TR 22.6%

Value ($000) $127,840 Shares 3,400,000 Est. Cost — Unrealized —

GEO GEO GROUP INC NEW 6.7%

Value ($000) $37,939 Shares 3,503,170 Est. Cost $8.15 Unrealized +17.2%

AGO ASSURED GUARANTY LTD 6.0%

Value ($000) $34,102 Shares 455,722 Est. Cost $54.90 Unrealized +17.4%

NXE NEXGEN ENERGY LTD 3.7%

Value ($000) $21,152 Shares 3,021,757 Est. Cost $5.63 Unrealized +10.6%

SLM SLM CORP 3.7%

Value ($000) $21,113 Shares 1,104,243 Est. Cost $14.88 Unrealized +1.4%

RNR RENAISSANCERE HLDGS LTD 3.6%

Value ($000) $20,584 Shares 105,019 Est. Cost $201.25 Unrealized +3.3%

CXW CORECIVIC INC 3.6%

Value ($000) $20,350 Shares 1,400,520 Est. Cost $9.08 Unrealized +45.6%

IWM ISHARES TR 3.6%

Value ($000) $20,071 Shares 100,000 Est. Cost — Unrealized —

SII SPROTT INC 3.4%

Value ($000) $18,963 Shares 558,555 Est. Cost $29.67 Unrealized 0.0%

EG EVEREST GROUP LTD 2.9%

Value ($000) $16,434 Shares 46,480 Est. Cost $352.52 Unrealized +6.2%

MUFG MITSUBISHI UFJ FINL GROUP IN 2.9%

Value ($000) $16,162 Shares 1,877,079 Est. Cost $8.50 Unrealized —

KRE SPDR SER TR 2.3%

Value ($000) $13,108 Shares 250,000 Est. Cost — Unrealized —

KMPR KEMPER CORP 2.2%

Value ($000) $12,410 Shares 254,981 Est. Cost $43.74 Unrealized 0.0%

HCI HCI GROUP INC 2.2%

Value ($000) $12,395 Shares 141,814 Est. Cost $73.15 Unrealized 0.0%

APO APOLLO GLOBAL MGMT INC 2.1%

Value ($000) $12,055 Shares 129,358 Est. Cost $81.05 Unrealized +5.6%

CUBI CUSTOMERS BANCORP INC 2.1%

Value ($000) $11,707 Shares 203,181 Est. Cost $36.92 Unrealized +17.5%

UBS UBS GROUP AG 2.0%

Value ($000) $11,528 Shares 373,078 Est. Cost $23.36 Unrealized +12.6%

ALL ALLSTATE CORP 1.9%

Value ($000) $10,569 Shares 75,503 Est. Cost $115.50 Unrealized +8.0%

KKR KKR & CO INC 1.9%

Value ($000) $10,466 Shares 126,330 Est. Cost $66.83 Unrealized 0.0%

HG HAMILTON INSURANCE GROUP LTD 1.8%

Value ($000) $10,385 Shares 694,676 Est. Cost $15.10 Unrealized 0.0%

AER AERCAP HOLDINGS NV 1.8%

Value ($000) $10,012 Shares 134,712 Est. Cost $58.91 Unrealized +10.4%

UEC URANIUM ENERGY CORP 1.6%

Value ($000) $9,014 Shares 1,408,373 Est. Cost $3.26 Unrealized +83.1%

CCJ CAMECO CORP 1.6%

Value ($000) $8,971 Shares 208,153 Est. Cost $24.08 Unrealized +72.9%

PGR PROGRESSIVE CORP 1.6%

Value ($000) $8,966 Shares 56,289 Est. Cost $143.35 Unrealized 0.0%

FCFS FIRSTCASH HOLDINGS INC 1.6%

Value ($000) $8,884 Shares 81,964 Est. Cost $92.31 Unrealized +13.9%

— BRIDGE INVT GROUP HLDGS INC 1.4%

Value ($000) $7,778 Shares 795,272 Est. Cost $9.78 Unrealized —

UPBD UPBOUND GROUP INC 1.3%

Value ($000) $7,607 Shares 223,947 Est. Cost $29.78 Unrealized 0.0%

MBI MBIA INC 1.3%

Value ($000) $7,586 Shares 1,239,581 Est. Cost $3.73 Unrealized 0.0%

PFSI PENNYMAC FINL SVCS INC NEW 1.2%

Value ($000) $7,065 Shares 79,951 Est. Cost $61.33 Unrealized +19.3%

NNI NELNET INC 1.2%

Value ($000) $6,984 Shares 79,169 Est. Cost $86.55 Unrealized 0.0%

TOST TOAST INC 1.0%

Value ($000) $5,632 Shares 308,444 Est. Cost $16.40 Unrealized 0.0%

PLMR PALOMAR HLDGS INC 0.9%

Value ($000) $5,180 Shares 93,339 Est. Cost $55.94 Unrealized 0.0%

ARES ARES MANAGEMENT CORPORATION 0.9%

Value ($000) $5,161 Shares 43,403 Est. Cost $102.46 Unrealized 0.0%

XYZ BLOCK INC 0.9%

Value ($000) $5,021 Shares 64,910 Est. Cost $56.54 Unrealized 0.0%

FFWM FIRST FNDTN INC 0.4%

Value ($000) $2,112 Shares 218,168 Est. Cost $6.56 Unrealized -3.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLF	SELECT SECTOR SPDR TR	3,400,000	$127,840	22.6%	—	—	Put	81369Y605
GEO	GEO GROUP INC NEW	3,503,170	$37,939	6.7%	$8.15	+17.2%	COM	36162J106
AGO	ASSURED GUARANTY LTD	455,722	$34,102	6.0%	$54.90	+17.4%	COM	G0585R106
NXE	NEXGEN ENERGY LTD	3,021,757	$21,152	3.7%	$5.63	+10.6%	COM	65340P106
SLM	SLM CORP	1,104,243	$21,113	3.7%	$14.88	+1.4%	COM	78442P106
RNR	RENAISSANCERE HLDGS LTD	105,019	$20,584	3.6%	$201.25	+3.3%	COM	G7496G103
CXW	CORECIVIC INC	1,400,520	$20,350	3.6%	$9.08	+45.6%	COM	21871N101
IWM	ISHARES TR	100,000	$20,071	3.6%	—	—	Put	464287655
SII	SPROTT INC	558,555	$18,963	3.4%	$29.67	0.0%	COM NEW	852066208
EG	EVEREST GROUP LTD	46,480	$16,434	2.9%	$352.52	+6.2%	COM	G3223R108
MUFG	MITSUBISHI UFJ FINL GROUP IN	1,877,079	$16,162	2.9%	$8.50	—	SPONSORED ADS	606822104
KRE	SPDR SER TR	250,000	$13,108	2.3%	—	—	Put	78464A698
KMPR	KEMPER CORP	254,981	$12,410	2.2%	$43.74	0.0%	COM	488401100
HCI	HCI GROUP INC	141,814	$12,395	2.2%	$73.15	0.0%	COM	40416E103
APO	APOLLO GLOBAL MGMT INC	129,358	$12,055	2.1%	$81.05	+5.6%	COM	03769M106
CUBI	CUSTOMERS BANCORP INC	203,181	$11,707	2.1%	$36.92	+17.5%	COM	23204G100
UBS	UBS GROUP AG	373,078	$11,528	2.0%	$23.36	+12.6%	SHS	H42097107
ALL	ALLSTATE CORP	75,503	$10,569	1.9%	$115.50	+8.0%	COM	020002101
KKR	KKR & CO INC	126,330	$10,466	1.9%	$66.83	0.0%	COM	48251W104
HG	HAMILTON INSURANCE GROUP LTD	694,676	$10,385	1.8%	$15.10	0.0%	CL B	G42706104
AER	AERCAP HOLDINGS NV	134,712	$10,012	1.8%	$58.91	+10.4%	SHS	N00985106
UEC	URANIUM ENERGY CORP	1,408,373	$9,014	1.6%	$3.26	+83.1%	COM	916896103
CCJ	CAMECO CORP	208,153	$8,971	1.6%	$24.08	+72.9%	COM	13321L108
PGR	PROGRESSIVE CORP	56,289	$8,966	1.6%	$143.35	0.0%	COM	743315103
FCFS	FIRSTCASH HOLDINGS INC	81,964	$8,884	1.6%	$92.31	+13.9%	COM	33768G107
—	BRIDGE INVT GROUP HLDGS INC	795,272	$7,778	1.4%	$9.78	—	COM CL A	10806B100
UPBD	UPBOUND GROUP INC	223,947	$7,607	1.3%	$29.78	0.0%	COM	76009N100
MBI	MBIA INC	1,239,581	$7,586	1.3%	$3.73	0.0%	COM	55262C100
PFSI	PENNYMAC FINL SVCS INC NEW	79,951	$7,065	1.2%	$61.33	+19.3%	COM	70932M107
NNI	NELNET INC	79,169	$6,984	1.2%	$86.55	0.0%	CL A	64031N108
TOST	TOAST INC	308,444	$5,632	1.0%	$16.40	0.0%	CL A	888787108
PLMR	PALOMAR HLDGS INC	93,339	$5,180	0.9%	$55.94	0.0%	COM	69753M105
ARES	ARES MANAGEMENT CORPORATION	43,403	$5,161	0.9%	$102.46	0.0%	CL A COM STK	03990B101
XYZ	BLOCK INC	64,910	$5,021	0.9%	$56.54	0.0%	CL A	852234103
FFWM	FIRST FNDTN INC	218,168	$2,112	0.4%	$6.56	-3.1%	COM	32026V104