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Asset Manager ← All Institutions

Philadelphia Financial Management of San Francisco, LLC

Q4 2025 · Filed 2026-02-17
Market Value
$462M
-1.6%
Holdings
65
+1
New Purchases
22
Added To
9
Closed
22
Reduced
12
Top 10 Concentration
44.8%
Turnover
67.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HCI 6.63% 0.00% +6.63% $31M
GM 4.48% 0.00% +4.48% $21M
PNFP 4.25% 0.00% +4.25% $20M
AIG 4.06% 0.00% +4.06% $19M
XZO 3.72% 0.00% +3.72% $17M
BFH 3.07% 0.00% +3.07% $14M
EZPW 3.02% 0.00% +3.02% $14M
HIG 2.96% 0.00% +2.96% $14M
BRP 2.89% 0.00% +2.89% $13M
TREE 2.89% 0.00% +2.89% $13M
SQ 2.59% 0.00% +2.59% $12M
USAU 5.08% 3.01% +2.07% $23M
CARS 1.98% 0.00% +1.98% $9M
TOST 1.98% 0.00% +1.98% $9M
OZK 1.88% 0.00% +1.88% $9M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SLDE 0.00% 5.63% -5.63% $0
PFSI 1.25% 6.01% -4.76% $6M
PGR 0.00% 4.06% -4.06% $0
SIGI 0.00% 3.86% -3.86% $0
ASPI 0.00% 3.40% -3.40% $0
MP 0.00% 3.18% -3.18% $0
ALL 0.00% 3.00% -3.00% $0
BOW 0.00% 2.99% -2.99% $0
CXW 0.00% 2.75% -2.75% $0
FNF 0.00% 2.69% -2.69% $0
AXS 0.00% 2.54% -2.54% $0
JEF 0.00% 2.53% -2.53% $0
BPOP 0.00% 2.07% -2.07% $0
HOOD 1.93% 3.81% -1.88% $9M
MHO 0.00% 1.80% -1.80% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 18 $149M 32.2%
Mid Cap 26 $167M 36.2%
Small Cap 13 $88M 19.1%
Micro Cap 8 $58M 12.5%

Portfolio Analytics

Avg Market Cap
$15.5B
Median Market Cap
$3.8B
Avg P/E
15.9
Median P/E
12.5
Avg Dividend Yield
0.02%
Avg Beta
1.05
# Stocks
65
# ETFs / Funds
0

Top Holdings (65 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 HCI 6.63% 160,000 $31M $191.69 +160,000 NEW
2 TH 5.72% 3,304,424 $26M $8.01 $5M +806,755 +32.3%
3 USAU 5.08% 1,209,624 $23M $19.41 $9M +351,916 +41.0%
4 GM 4.48% 254,590 $21M $81.32 +254,590 NEW
5 PNFP 4.25% 206,171 $20M $95.41 +206,171 NEW
6 HMST 4.17% 1,319,486 $19M $14.63 -$710K -184,238 -12.2%
7 AIG 4.06% 219,361 $19M $85.55 +219,361 NEW
8 XZO 3.72% 710,000 $17M $24.25 +710,000 NEW
9 DB 3.64% 436,262 $17M $38.56 $2M +20,300 +4.9%
10 BFH 3.07% 191,939 $14M $74.03 +191,939 NEW
11 EZPW 3.02% 719,529 $14M $19.42 +719,529 NEW
12 HIG 2.96% 99,471 $14M $137.80 +99,471 NEW
13 BRP 2.89% 556,299 $13M $24.03 +556,299 NEW
14 TREE 2.89% 251,459 $13M $53.09 +251,459 NEW
15 SKY 2.84% 155,425 $13M $84.50 -$1M -34,816 -18.3%
16 AFG 2.71% 91,610 $13M $136.68 $4M +29,870 +48.4%
17 SQ 2.59% 183,743 $12M $65.09 +183,743 NEW
18 CUBI 2.56% 162,129 $12M $73.12 -$6M -103,516 -39.0%
19 GATX 2.52% 68,837 $12M $169.60 $706K +6,085 +9.7%
20 KKR 2.17% 78,563 $10M $127.48 $6M +44,663 +131.8%
21 TPG 2.15% 155,699 $10M $63.84 $805K -3,301 -2.1%
22 FUTU 2.13% 60,000 $10M $164.21 -$6M -31,610 -34.5%
23 CARS 1.98% 751,671 $9M $12.20 +751,671 NEW
24 TOST 1.98% 257,848 $9M $35.51 +257,848 NEW
25 HOOD 1.93% 78,889 $9M $113.10 -$9M -46,111 -36.9%
26 OZK 1.88% 189,226 $9M $46.02 +189,226 NEW
27 ENVA 1.71% 50,311 $8M $157.20 +50,311 NEW
28 0HHU.L 1.66% 434,709 $8M $17.69 -$3M -281,291 -39.3%
29 COF 1.45% 27,643 $7M $242.36 +27,643 NEW
30 ONEW 1.44% 614,605 $7M $10.82 -$8M -284,719 -31.7%
31 NNI 1.35% 46,910 $6M $132.96 +46,910 NEW
32 COLB 1.30% 215,468 $6M $27.95 -$3M -126,491 -37.0%
33 PFSI 1.25% 43,787 $6M $131.84 -$22M -183,985 -80.8%
34 FRMI 1.17% 677,866 $5M $8.00 +677,866 NEW
35 BLSH 1.02% 125,000 $5M $37.87 $4M +107,500 +614.3%
36 SUNS 0.90% 440,628 $4M $9.43 -$947K -50,449 -10.3%
37 SOC 0.64% 328,081 $3M $9.02 +328,081 NEW
38 LEGH 0.57% 134,227 $3M $19.52 +134,227 NEW
39 PAR 0.54% 69,100 $3M $36.28 +69,100 NEW
40 NODK 0.45% 157,719 $2M $13.30 $27K +5,000 +3.3%
41 SKBL 0.39% 608,753 $2M $2.94 $2M +543,953 +839.4%
42 TNGX 0.06% 33,291 $295K $8.86 +33,291 NEW
43 NFE 0.05% 209,964 $239K $1.14 -$556K -149,961 -41.7%
44 BCS —% -$6M -310,571 -100.0% SOLD
45 SLDE —% -$26M -1,674,429 -100.0% SOLD
46 PLMR —% -$7M -55,885 -100.0% SOLD
47 BOW —% -$14M -519,833 -100.0% SOLD
48 MP —% -$15M -223,062 -100.0% SOLD
49 EVER —% -$5M -236,077 -100.0% SOLD
50 AXS —% -$12M -124,588 -100.0% SOLD
51 JEF —% -$12M -181,444 -100.0% SOLD
52 AII —% -$4M -191,273 -100.0% SOLD
53 FIGR —% -$5M -150,000 -100.0% SOLD
54 CYTK —% -$2M -39,523 -100.0% SOLD
55 FNF —% -$13M -208,824 -100.0% SOLD
56 MBI —% -$2M -211,534 -100.0% SOLD
57 ASPI —% -$16M -1,661,494 -100.0% SOLD
58 SIGI —% -$18M -223,959 -100.0% SOLD
59 ALL —% -$14M -65,631 -100.0% SOLD
60 ETHM —% -$5M -472,389 -100.0% SOLD
61 PGR —% -$19M -77,239 -100.0% SOLD
62 BPOP —% -$10M -76,564 -100.0% SOLD
63 MHO —% -$8M -58,618 -100.0% SOLD
64 SII —% -$2M -26,921 -100.0% SOLD
65 CXW —% -$13M -634,996 -100.0% SOLD

Options Breakdown

4 Calls $68M Call Value 19 Puts $380M Put Value 5.63 P/C Ratio

Top Calls

SymbolSharesValueStatus
IBIT 700,000 $35M NEW
AIG 230,300 $20M NEW
MP 260,000 $13M
RE $0 SOLD

Top Puts

SymbolSharesValueStatus
CRCL 1,335,000 $106M
COIN 400,000 $90M
MSTR 300,000 $46M NEW
BMNR 1,500,000 $41M NEW
CRWV 550,000 $39M NEW
HUT.TO 400,000 $18M NEW
APLD 700,000 $17M NEW
BLSH 300,000 $11M
IREN 300,000 $11M NEW
FUTU $0 SOLD

New Positions

SymbolValue% Port
HCI $31M 6.63%
GM $21M 4.48%
PNFP $20M 4.25%
AIG $19M 4.06%
XZO $17M 3.72%
BFH $14M 3.07%
EZPW $14M 3.02%
HIG $14M 2.96%
BRP $13M 2.89%
TREE $13M 2.89%
SQ $12M 2.59%
CARS $9M 1.98%
TOST $9M 1.98%
OZK $9M 1.88%
ENVA $8M 1.71%

Sold Out Positions

SymbolValue% Port
ALL —%
BCS —%
FNF —%
MP —%
CXW —%
JEF —%
MBI —%
SII —%
MHO —%
AII —%
BOW —%
AXS —%
BPOP —%
PGR —%
FIGR —%
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