Philadelphia Financial Management of San Francisco, LLC Quant / Systematic

Location: San Francisco, CA

CIK: 0001351407 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 14, 2026

Total Value: $496M (100.0% shares, 0.0% debt)

Holdings (45)

New Positions (32)

IWM ISHARES TR 15.2%
Value $75.11M Shares 250,000 Est. Cost Unrealized
SPY STATE STR SPDR S&P 500 ETF T 11.3%
Value $56.01M Shares 75,000 Est. Cost Unrealized
WLFC WILLIS LEASE FIN CORP 3.4%
Value $16.65M Shares 72,763 Est. Cost Unrealized
HIG HARTFORD INSURANCE GROUP INC 3.2%
Value $15.73M Shares 118,700 Est. Cost Unrealized
CXW CORECIVIC INC 2.9%
Value $14.56M Shares 479,235 Est. Cost Unrealized
FTAI FTAI AVIATION LTD 2.9%
Value $14.45M Shares 53,419 Est. Cost Unrealized
GEO GEO GROUP INC 2.9%
Value $14.31M Shares 484,100 Est. Cost Unrealized
LGIH LGI HOMES INC 2.2%
Value $11.16M Shares 175,175 Est. Cost Unrealized
CB CHUBB LIMITED 2.1%
Value $10.32M Shares 30,300 Est. Cost Unrealized
EQH EQUITABLE HLDGS INC 2.0%
Value $9.918M Shares 226,030 Est. Cost Unrealized
WNC WABASH NATL CORP 2.0%
Value $9.812M Shares 726,847 Est. Cost Unrealized
ATLC ATLANTICUS HOLDINGS CORP 1.8%
Value $9.161M Shares 89,597 Est. Cost Unrealized
FICO FAIR ISAAC CORP 1.8%
Value $8.77M Shares 7,340 Est. Cost Unrealized
MIAX MIAMI INTL HLDGS INC 1.7%
Value $8.313M Shares 223,715 Est. Cost Unrealized
FCFS FIRSTCASH HOLDINGS INC 1.6%
Value $8.025M Shares 37,100 Est. Cost Unrealized
STT STATE STR CORP 1.6%
Value $7.895M Shares 46,550 Est. Cost Unrealized
ARES ARES MANAGEMENT CORPORATION 1.6%
Value $7.847M Shares 70,500 Est. Cost Unrealized
PAYP PAYPAY CORP 1.5%
Value $7.382M Shares 515,121 Est. Cost Unrealized
EVR EVERCORE INC 1.5%
Value $7.235M Shares 21,191 Est. Cost Unrealized
FIGR FIGURE TECHNOLOGY SOLUTIO 1.4%
Value $7.183M Shares 233,900 Est. Cost Unrealized
MCY MERCURY GENL CORP NEW 1.4%
Value $6.738M Shares 63,200 Est. Cost Unrealized
THG HANOVER INS GROUP INC 1.3%
Value $6.646M Shares 31,040 Est. Cost Unrealized
SKY CHAMPION HOMES INC 1.3%
Value $6.266M Shares 71,102 Est. Cost Unrealized
JCAP JEFFERSON CAPITAL INC 1.2%
Value $6.169M Shares 316,853 Est. Cost Unrealized
MS MORGAN STANLEY 1.2%
Value $5.937M Shares 28,400 Est. Cost Unrealized
ENVA ENOVA INTL INC 1.2%
Value $5.863M Shares 24,355 Est. Cost Unrealized
BCS BARCLAYS PLC 1.1%
Value $5.56M Shares 207,000 Est. Cost Unrealized
BULL WEBULL CORP 1.1%
Value $5.545M Shares 850,500 Est. Cost Unrealized
CCJ CAMECO CORP 0.9%
Value $4.614M Shares 45,300 Est. Cost Unrealized
FRMI FERMI INC 0.8%
Value $3.893M Shares 425,000 Est. Cost Unrealized
ACVA ACV AUCTIONS INC 0.7%
Value $3.681M Shares 511,900 Est. Cost Unrealized
DOMH DOMINARI HOLDINGS INC 0.2%
Value $1.125M Shares 358,183 Est. Cost Unrealized

Exited Positions (30)

GS GOLDMAN SACHS GROUP INC 6.7%
Value $33.42M Shares 39,500 Est. Cost Unrealized
TH TARGET HOSPITALITY CORP 3.0%
Value $15M Shares 1,616,642 Est. Cost Unrealized
HCI HCI GROUP INC 3.0%
Value $14.85M Shares 96,023 Est. Cost Unrealized
BFH BREAD FINANCIAL HOLDINGS INC 2.6%
Value $12.89M Shares 172,156 Est. Cost Unrealized
LNC LINCOLN NATL CORP IND 2.0%
Value $10.12M Shares 285,000 Est. Cost Unrealized
PNFP PINNACLE FINL PARTNERS INC 2.0%
Value $9.963M Shares 115,664 Est. Cost Unrealized
EZPW EZCORP INC 1.9%
Value $9.433M Shares 371,657 Est. Cost Unrealized
OPLN OPENLANE INC 1.9%
Value $9.38M Shares 321,800 Est. Cost Unrealized
AON AON PLC 1.8%
Value $9.038M Shares 28,000 Est. Cost Unrealized
AER AERCAP HOLDINGS NV 1.8%
Value $8.814M Shares 64,253 Est. Cost Unrealized
BOH BANK HAWAII CORP 1.8%
Value $8.739M Shares 117,700 Est. Cost Unrealized
EWBC EAST WEST BANCORP INC 1.8%
Value $8.712M Shares 81,600 Est. Cost Unrealized
SF STIFEL FINL CORP 1.7%
Value $8.379M Shares 113,348 Est. Cost Unrealized
MCHB MECHANICS BANCORP 1.6%
Value $8.043M Shares 545,321 Est. Cost Unrealized
MA MASTERCARD INCORPORATED 1.5%
Value $7.595M Shares 15,200 Est. Cost Unrealized
AX AXOS FINANCIAL INC 1.5%
Value $7.505M Shares 88,200 Est. Cost Unrealized
SOC SABLE OFFSHORE CORP 1.5%
Value $7.495M Shares 453,722 Est. Cost Unrealized
CACC CREDIT ACCEP CORP MICH 1.4%
Value $7.003M Shares 16,538 Est. Cost Unrealized
BPOP POPULAR INC 1.3%
Value $6.507M Shares 48,500 Est. Cost Unrealized
BKV BKV CORP 1.2%
Value $6.128M Shares 214,880 Est. Cost Unrealized
PFSI PENNYMAC FINL SVCS INC NEW 1.2%
Value $6.063M Shares 69,366 Est. Cost Unrealized
GLNG GOLAR LNG LTD 1.2%
Value $5.92M Shares 109,400 Est. Cost Unrealized
HOOD ROBINHOOD MKTS INC 1.1%
Value $5.467M Shares 78,883 Est. Cost Unrealized
JXN JACKSON FINANCIAL INC 1.1%
Value $5.286M Shares 50,000 Est. Cost Unrealized
SLDE SLIDE INS HLDGS INC 1.0%
Value $5.04M Shares 280,000 Est. Cost Unrealized
MAX MEDIAALPHA INC 0.9%
Value $4.464M Shares 480,000 Est. Cost Unrealized
ALM ALMONTY INDS INC 0.4%
Value $2.1M Shares 145,000 Est. Cost Unrealized
AZ A2Z CUST2MATE SOLUTIONS CORP 0.1%
Value $354K Shares 53,047 Est. Cost Unrealized
LDI LOANDEPOT INC 0.1%
Value $345K Shares 243,001 Est. Cost Unrealized
NODK NI HLDGS INC 0.0%
Value $190K Shares 14,758 Est. Cost Unrealized

Unchanged Positions (2)