Philadelphia Financial Management of San Francisco, LLC
CIK 0001351407
Annualised vol
5.425774%
Beta
0.175812
HHI
509.278823
Top-10 weight
50.31649%
VaR 95%
0.458669%
VaR 99%
0.899184%
Max drawdown
12.003528%
Matched value
51.365915%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| USAU | ADDED | 1,145,546 | 969,792 | 18.12% | 17,561,220 |
| HIG | NEW | 118,700 | - | - | 15,730,124 |
| CXW | NEW | 479,235 | - | - | 14,559,159 |
| FTAI | NEW | 53,419 | - | - | 14,451,442 |
| GEO | NEW | 484,100 | - | - | 14,305,155 |
| AIG | ADDED | 176,449 | 165,000 | 6.94% | 13,150,744 |
| LEGH | ADDED | 454,425 | 415,163 | 9.46% | 11,937,745 |
| LGIH | NEW | 175,175 | - | - | 11,155,144 |
| CB | NEW | 30,300 | - | - | 10,324,422 |
| ATLC | NEW | 89,597 | - | - | 9,161,293 |
| GATX | REDUCED | 50,500 | 50,811 | -0.61% | 8,948,095 |
| CUBI | REDUCED | 112,143 | 124,100 | -9.63% | 8,870,511 |
| FICO | NEW | 7,340 | - | - | 8,769,685 |
| ASPI | ADDED | 1,343,007 | 648,341 | 107.15% | 8,353,504 |
| FCFS | NEW | 37,100 | - | - | 8,025,472 |
| HG | ADDED | 234,448 | 223,291 | 5.0% | 7,957,165 |
| ARES | NEW | 70,500 | - | - | 7,847,355 |
| PAYP | NEW | 515,121 | - | - | 7,381,684 |
| EVR | NEW | 21,191 | - | - | 7,235,455 |
| SKY | NEW | 71,102 | - | - | 6,265,508 |
| TFIN | REDUCED | 81,781 | 110,527 | -26.01% | 6,240,708 |
| MS | NEW | 28,400 | - | - | 5,936,736 |
| ENVA | NEW | 24,355 | - | - | 5,862,979 |
| BCS | NEW | 207,000 | - | - | 5,560,020 |
| BULL | NEW | 850,500 | - | - | 5,545,260 |
| CCJ | NEW | 45,300 | - | - | 4,614,258 |
| FRMI | NEW | 425,000 | - | - | 3,893,000 |
| ACVA | NEW | 511,900 | - | - | 3,680,561 |
| DOMH | NEW | 358,183 | - | - | 1,124,695 |
| NFE | UNCHANGED | 600,000 | 600,000 | 0.0% | 217,860 |
| TH | CLOSED OUT | 0 | 1,616,642 | -100.0% | 0 |
| MCHB | CLOSED OUT | 0 | 545,321 | -100.0% | 0 |
| MAX | CLOSED OUT | 0 | 480,000 | -100.0% | 0 |
| SOC | CLOSED OUT | 0 | 453,722 | -100.0% | 0 |
| EZPW | CLOSED OUT | 0 | 371,657 | -100.0% | 0 |
| OPLN | CLOSED OUT | 0 | 321,800 | -100.0% | 0 |
| LDI | CLOSED OUT | 0 | 243,001 | -100.0% | 0 |
| BKV | CLOSED OUT | 0 | 214,880 | -100.0% | 0 |
| BFH | CLOSED OUT | 0 | 172,156 | -100.0% | 0 |
| GLNG | CLOSED OUT | 0 | 109,400 | -100.0% | 0 |
| HCI | CLOSED OUT | 0 | 96,023 | -100.0% | 0 |
| AX | CLOSED OUT | 0 | 88,200 | -100.0% | 0 |
| EWBC | CLOSED OUT | 0 | 81,600 | -100.0% | 0 |
| AZ | CLOSED OUT | 0 | 53,047 | -100.0% | 0 |
| JXN | CLOSED OUT | 0 | 50,000 | -100.0% | 0 |
| BPOP | CLOSED OUT | 0 | 48,500 | -100.0% | 0 |
| GS | CLOSED OUT | 0 | 39,500 | -100.0% | 0 |
| AON | CLOSED OUT | 0 | 28,000 | -100.0% | 0 |
| MA | CLOSED OUT | 0 | 15,200 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | ISHARES TR | RUSSELL 2000 ETF | 464287655 | 75,112,500 | 15.15 | 250000.0 | |
| - | STATE STR SPDR S&P 500 ETF T | TR UNIT | 78462F103 | 56,007,750 | 11.3 | 75000.0 | |
| USAU | ADDED | U S GOLD CORP | COM NEW | 90291C201 | 17,561,220 | 3.54 | 1145546.0 |
| - | WILLIS LEASE FIN CORP | COM | 970646105 | 16,648,176 | 3.36 | 72763.0 | |
| HIG | NEW | HARTFORD INSURANCE GROUP INC | COM | 416515104 | 15,730,124 | 3.17 | 118700.0 |
| CXW | NEW | CORECIVIC INC | COM | 21871N101 | 14,559,159 | 2.94 | 479235.0 |
| FTAI | NEW | FTAI AVIATION LTD | SHS | G3730V105 | 14,451,442 | 2.91 | 53419.0 |
| GEO | NEW | GEO GROUP INC | COM | 36162J106 | 14,305,155 | 2.89 | 484100.0 |
| AIG | ADDED | AMERICAN INTL GROUP INC | COM NEW | 026874784 | 13,150,744 | 2.65 | 176449.0 |
| LEGH | ADDED | LEGACY HOUSING CORP | COM | 52472M101 | 11,937,745 | 2.41 | 454425.0 |
| - | GALLAGHER ARTHUR J & CO | COM | 363576109 | 11,363,715 | 2.29 | 49500.0 | |
| LGIH | NEW | LGI HOMES INC | COM | 50187T106 | 11,155,144 | 2.25 | 175175.0 |
| - | AXIS CAP HLDGS LTD | SHS | G0692U109 | 10,697,156 | 2.16 | 99564.0 | |
| CB | NEW | CHUBB LIMITED | COM | H1467J104 | 10,324,422 | 2.08 | 30300.0 |
| - | EQUITABLE HLDGS INC | COM | 29452E101 | 9,918,196 | 2.0 | 226030.0 | |
| - | WABASH NATL CORP | COM | 929566107 | 9,812,434 | 1.98 | 726847.0 | |
| ATLC | NEW | ATLANTICUS HOLDINGS CORP | COM | 04914Y102 | 9,161,293 | 1.85 | 89597.0 |
| GATX | REDUCED | GATX CORP | COM | 361448103 | 8,948,095 | 1.8 | 50500.0 |
| CUBI | REDUCED | CUSTOMERS BANCORP INC | COM | 23204G100 | 8,870,511 | 1.79 | 112143.0 |
| FICO | NEW | FAIR ISAAC CORP | COM | 303250104 | 8,769,685 | 1.77 | 7340.0 |
| ASPI | ADDED | ASP ISOTOPES INC | COM | 00218A105 | 8,353,504 | 1.68 | 1343007.0 |
| - | MIAMI INTL HLDGS INC | COM | 59356Q108 | 8,313,249 | 1.68 | 223715.0 | |
| FCFS | NEW | FIRSTCASH HOLDINGS INC | COM | 33768G107 | 8,025,472 | 1.62 | 37100.0 |
| HG | ADDED | HAMILTON INSURANCE GROUP LTD | CL B | G42706104 | 7,957,165 | 1.6 | 234448.0 |
| - | STATE STR CORP | COM | 857477103 | 7,894,880 | 1.59 | 46550.0 | |
| ARES | NEW | ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 | 7,847,355 | 1.58 | 70500.0 |
| PAYP | NEW | PAYPAY CORP | SPONSORED ADS | 70450C101 | 7,381,684 | 1.49 | 515121.0 |
| EVR | NEW | EVERCORE INC | CLASS A | 29977A105 | 7,235,455 | 1.46 | 21191.0 |
| - | FIGURE TECHNOLOGY SOLUTIO | COM CL A | 349381103 | 7,183,069 | 1.45 | 233900.0 | |
| - | MERCURY GENL CORP NEW | COM | 589400100 | 6,738,384 | 1.36 | 63200.0 | |
| - | HANOVER INS GROUP INC | COM | 410867105 | 6,646,285 | 1.34 | 31040.0 | |
| SKY | NEW | CHAMPION HOMES INC | COM | 830830105 | 6,265,508 | 1.26 | 71102.0 |
| TFIN | REDUCED | TRIUMPH FINANCIAL INC | COM | 89679E300 | 6,240,708 | 1.26 | 81781.0 |
| - | JEFFERSON CAPITAL INC | COM | 47248R103 | 6,169,128 | 1.24 | 316853.0 | |
| MS | NEW | MORGAN STANLEY | COM NEW | 617446448 | 5,936,736 | 1.2 | 28400.0 |
| ENVA | NEW | ENOVA INTL INC | COM | 29357K103 | 5,862,979 | 1.18 | 24355.0 |
| BCS | NEW | BARCLAYS PLC | ADR | 06738E204 | 5,560,020 | 1.12 | 207000.0 |
| BULL | NEW | WEBULL CORP | ORD SHS | G9572D103 | 5,545,260 | 1.12 | 850500.0 |
| - | CAVCO INDS INC DEL | COM | 149568107 | 5,412,688 | 1.09 | 8810.0 | |
| CCJ | NEW | CAMECO CORP | COM | 13321L108 | 4,614,258 | 0.93 | 45300.0 |
| FRMI | NEW | FERMI INC | COM | 314911108 | 3,893,000 | 0.79 | 425000.0 |
| ACVA | NEW | ACV AUCTIONS INC | COM CL A | 00091G104 | 3,680,561 | 0.74 | 511900.0 |
| - | SKYLINE BLDRS GROUP HLDG LTD | SHS CL A | G8193D104 | 3,205,214 | 0.65 | 1037286.0 | |
| DOMH | NEW | DOMINARI HOLDINGS INC | COM NEW | 008875304 | 1,124,695 | 0.23 | 358183.0 |
| NFE | UNCHANGED | NEW FORTRESS ENERGY INC | COM CL A | 644393100 | 217,860 | 0.04 | 600000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 495,789,783 | 45 | 5.425774 | 0.175812 | 12.003528 |
| 2026-03-31 | 2026-05-14 | 345,502,942 | 43 | 7.847627 | 0.248389 | 12.610227 |
| 2025-12-31 | 2026-02-17 | 931,794,633 | 58 | 12.805559 | 0.321647 | 26.780949 |
| 2025-09-30 | 2025-11-14 | 892,441,151 | 60 | 8.433219 | 0.234073 | 16.066676 |
| 2025-03-31 | 2025-05-15 | 510,480,853 | 45 | 8.549455 | 0.31338 | 17.315397 |
| 2024-12-31 | 2025-02-14 | 706,537,210 | 38 | 5.413628 | 0.170725 | 10.521044 |