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Asset Manager ← All Institutions

Philadelphia Financial Management of San Francisco, LLC

Q1 2026 · Filed 2026-05-14
Market Value
$295M
-36.2%
Holdings
66
+1
New Purchases
23
Added To
5
Closed
27
Reduced
11
Top 10 Concentration
41.6%
Turnover
75.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AXS 5.09% 0.00% +5.09% $15M
LNC 3.43% 0.00% +3.43% $10M
OPLN 3.18% 0.00% +3.18% $9M
AON 3.06% 0.00% +3.06% $9M
AER 2.99% 0.00% +2.99% $9M
BOH 2.96% 0.00% +2.96% $9M
EWBC 2.95% 0.00% +2.95% $9M
SF 2.84% 0.00% +2.84% $8M
CVCO 2.60% 0.00% +2.60% $8M
MA 2.57% 0.00% +2.57% $8M
AX 2.54% 0.00% +2.54% $8M
AJG 2.42% 0.00% +2.42% $7M
CACC 2.37% 0.00% +2.37% $7M
LEGH 2.87% 0.57% +2.31% $8M
TFIN 2.23% 0.00% +2.23% $7M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GM 0.00% 4.48% -4.48% $0
PNFP 0.00% 4.25% -4.25% $0
XZO 0.00% 3.72% -3.72% $0
DB 0.00% 3.64% -3.64% $0
HIG 0.00% 2.96% -2.96% $0
BRP 0.00% 2.89% -2.89% $0
TREE 0.00% 2.89% -2.89% $0
SKY 0.00% 2.84% -2.84% $0
AFG 0.00% 2.71% -2.71% $0
SQ 0.00% 2.59% -2.59% $0
KKR 0.00% 2.17% -2.17% $0
TPG 0.00% 2.15% -2.15% $0
FUTU 0.00% 2.13% -2.13% $0
CARS 0.00% 1.98% -1.98% $0
TOST 0.00% 1.98% -1.98% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $8M 2.6%
Large Cap 17 $60M 20.3%
Mid Cap 29 $148M 50.0%
Small Cap 12 $55M 18.5%
Micro Cap 7 $25M 8.6%

Portfolio Analytics

Avg Market Cap
$20.4B
Median Market Cap
$4.2B
Avg P/E
17.0
Median P/E
12.9
Avg Dividend Yield
0.02%
Avg Beta
1.17
# Stocks
66
# ETFs / Funds
0

Top Holdings (66 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AXS 5.09% 148,000 $15M $101.41 +148,000 NEW
2 TH 5.08% 1,616,642 $15M $9.28 -$11M -1,687,782 -51.1%
3 HCI 5.03% 96,023 $15M $154.61 -$16M -63,977 -40.0%
4 USAU 4.99% 969,792 $15M $15.19 -$9M -239,832 -19.8%
5 BFH 4.37% 172,156 $13M $74.89 -$1M -19,783 -10.3%
6 AIG 4.21% 165,000 $12M $75.25 -$6M -54,361 -24.8%
7 LNC 3.43% 285,000 $10M $35.50 +285,000 NEW
8 EZPW 3.20% 371,657 $9M $25.38 -$5M -347,872 -48.4%
9 OPLN 3.18% 321,800 $9M $29.15 +321,800 NEW
10 AON 3.06% 28,000 $9M $322.78 +28,000 NEW
11 AER 2.99% 64,253 $9M $137.18 +64,253 NEW
12 BOH 2.96% 117,700 $9M $74.25 +117,700 NEW
13 EWBC 2.95% 81,600 $9M $106.76 +81,600 NEW
14 GATX 2.94% 50,811 $9M $170.74 -$3M -18,026 -26.2%
15 CUBI 2.92% 124,100 $9M $69.41 -$3M -38,029 -23.5%
16 LEGH 2.87% 415,163 $8M $20.43 $6M +280,936 +209.3%
17 SF 2.84% 113,348 $8M $73.92 +113,348 NEW
18 HMST 2.73% 545,321 $8M $14.75 -$11M -774,165 -58.7%
19 CVCO 2.60% 15,850 $8M $484.29 +15,850 NEW
20 MA 2.57% 15,200 $8M $499.66 +15,200 NEW
21 AX 2.54% 88,200 $8M $85.09 +88,200 NEW
22 SOC 2.54% 453,722 $7M $16.52 $5M +125,641 +38.3%
23 AJG 2.42% 33,000 $7M $216.58 +33,000 NEW
24 CACC 2.37% 16,538 $7M $423.46 +16,538 NEW
25 TFIN 2.23% 110,527 $7M $59.66 +110,527 NEW
26 BPOP 2.21% 48,500 $7M $134.17 +48,500 NEW
27 BKV 2.08% 214,880 $6M $28.52 +214,880 NEW
28 PFSI 2.05% 69,366 $6M $87.40 $290K +25,579 +58.4%
29 GLNG 2.01% 109,400 $6M $54.11 +109,400 NEW
30 HOOD 1.85% 78,883 $5M $69.30 -$3M -6 -0.0%
31 JXN 1.79% 50,000 $5M $105.72 +50,000 NEW
32 SLDE 1.71% 280,000 $5M $18.00 +280,000 NEW
33 MAX 1.51% 480,000 $4M $9.30 +480,000 NEW
34 ASPI 0.97% 648,341 $3M $4.42 +648,341 NEW
35 ALI1.DE 0.71% 145,000 $2M $14.48 +145,000 NEW
36 SKBL 0.69% 660,102 $2M $3.09 $250K +51,349 +8.4%
37 NFE 0.12% 600,000 $354K $0.59 $115K +390,036 +185.8%
38 LDI 0.12% 243,001 $345K $1.42 +243,001 NEW
39 NODK 0.06% 14,758 $190K $12.89 -$2M -142,961 -90.6%
40 TOST —% -$9M -257,848 -100.0% SOLD
41 BRP —% -$13M -556,299 -100.0% SOLD
42 GM —% -$21M -254,590 -100.0% SOLD
43 NNI —% -$6M -46,910 -100.0% SOLD
44 SUNS —% -$4M -440,628 -100.0% SOLD
45 0HHU.L —% -$8M -434,709 -100.0% SOLD
46 KKR —% -$10M -78,563 -100.0% SOLD
47 XZO —% -$17M -710,000 -100.0% SOLD
48 COF —% -$7M -27,643 -100.0% SOLD
49 SKY —% -$13M -155,425 -100.0% SOLD
50 PNFP —% -$20M -206,171 -100.0% SOLD
51 BLSH —% -$5M -125,000 -100.0% SOLD
52 ONEW —% -$7M -614,605 -100.0% SOLD
53 HIG —% -$14M -99,471 -100.0% SOLD
54 ENVA —% -$8M -50,311 -100.0% SOLD
55 DB —% -$17M -436,262 -100.0% SOLD
56 PAR —% -$3M -69,100 -100.0% SOLD
57 SQ —% -$12M -183,743 -100.0% SOLD
58 CARS —% -$9M -751,671 -100.0% SOLD
59 TREE —% -$13M -251,459 -100.0% SOLD
60 TPG —% -$10M -155,699 -100.0% SOLD
61 OZK —% -$9M -189,226 -100.0% SOLD
62 TNGX —% -$295K -33,291 -100.0% SOLD
63 AFG —% -$13M -91,610 -100.0% SOLD
64 FRMI —% -$5M -677,866 -100.0% SOLD
65 FUTU —% -$10M -60,000 -100.0% SOLD
66 COLB —% -$6M -215,468 -100.0% SOLD

Options Breakdown

3 Calls $0 Call Value 10 Puts $33M Put Value

Top Calls

SymbolSharesValueStatus
IBIT $0 SOLD
AIG $0 SOLD
MP $0 SOLD

Top Puts

SymbolSharesValueStatus
GS 39,500 $33M NEW
MSTR $0 SOLD
APLD $0 SOLD
CRWV $0 SOLD
HUT.TO $0 SOLD
IREN $0 SOLD
BMNR $0 SOLD
CRCL $0 SOLD
COIN $0 SOLD
BLSH $0 SOLD

New Positions

SymbolValue% Port
AXS $15M 5.09%
LNC $10M 3.43%
OPLN $9M 3.18%
AON $9M 3.06%
AER $9M 2.99%
BOH $9M 2.96%
EWBC $9M 2.95%
SF $8M 2.84%
CVCO $8M 2.60%
MA $8M 2.57%
AX $8M 2.54%
AJG $7M 2.42%
CACC $7M 2.37%
TFIN $7M 2.23%
BPOP $7M 2.21%

Sold Out Positions

SymbolValue% Port
AFG —%
ENVA —%
DB —%
CARS —%
BLSH —%
XZO —%
HIG —%
GM —%
NNI —%
TOST —%
SKY —%
PAR —%
PNFP —%
KKR —%
COF —%
View SEC EDGAR Filings for Philadelphia Financial Management of San Francisco, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms