13F HOLDINGS REPORT
Philadelphia Financial Management of San Francisco, LLC
Quarter ended Q2 2025 · Filed August 14, 2025 · Accession 0001214659-25-012226
Total Value
$850.8M
Positions
58
Other Managers
3
Confidential Omitted
No
Holdings (58)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 464287655 | 450,000 | $97.1M | 11.41% |
| 2 | ALLSTATE CORP | ALL-PJ | 210,600 | $42.4M | 4.98% |
| 3 | EQUITABLE HLDGS INC | EQH-PC | 750,000 | $42.1M | 4.95% |
| 4 | COINBASE GLOBAL INC | COIN | 100,000 | $35.0M | 4.12% |
| 5 | GOLDMAN SACHS GROUP INC | GSCE | 40,000 | $28.3M | 3.33% |
| 6 | EQUITABLE HLDGS INC | EQH-PC | 500,000 | $28.1M | 3.30% |
| 7 | EVEREST GROUP LTD | EG | 75,000 | $25.5M | 3.00% |
| 8 | NAVIENT CORPORATION | JSM | 1,699,514 | $24.0M | 2.82% |
| 9 | EVEREST GROUP LTD | EG | 68,086 | $23.1M | 2.72% |
| 10 | METROPOLITAN BK HLDG CORP | 591774104 | 311,781 | $21.8M | 2.57% |
| 11 | HOMESTREET INC | MCHB | 1,545,583 | $20.2M | 2.37% |
| 12 | ASP ISOTOPES INC | ASPI | 2,670,211 | $19.7M | 2.31% |
| 13 | ALLSTATE CORP | ALL-PJ | 93,909 | $18.9M | 2.22% |
| 14 | TOAST INC | TOST | 420,000 | $18.6M | 2.19% |
| 15 | RENAISSANCERE HLDGS LTD | RNR-PG | 74,200 | $18.0M | 2.12% |
| 16 | ROBINHOOD MKTS INC | 770700102 | 190,000 | $17.8M | 2.09% |
| 17 | ASPEN INSURANCE HOLDINGS LTD | AHL-PF | 512,073 | $16.1M | 1.89% |
| 18 | CORECIVIC INC | CXW | 757,500 | $16.0M | 1.88% |
| 19 | CUSTOMERS BANCORP INC | CUBB | 269,491 | $15.8M | 1.86% |
| 20 | SLM CORP | SLMBP | 468,012 | $15.3M | 1.80% |
| 21 | BLOCK INC | BSQKZ | 224,699 | $15.3M | 1.79% |
| 22 | GATX CORP | GATX | 96,174 | $14.8M | 1.74% |
| 23 | GEO GROUP INC NEW | GEO | 608,775 | $14.6M | 1.71% |
| 24 | TARGET HOSPITALITY CORP | TH | 2,010,780 | $14.3M | 1.68% |
| 25 | ROBINHOOD MKTS INC | 770700102 | 150,000 | $14.0M | 1.65% |
| 26 | MP MATERIALS CORP | MP | 390,000 | $13.0M | 1.53% |
| 27 | CAPITAL ONE FINL CORP | 14040H105 | 57,548 | $12.2M | 1.44% |
| 28 | SHOPIFY INC | SHOP | 100,000 | $11.5M | 1.36% |
| 29 | A2Z CUST2MATE SOLUTIONS CORP | AZ | 1,024,735 | $10.8M | 1.27% |
| 30 | FIDELIS INSURANCE HOLDINGS L | FIHL | 639,293 | $10.6M | 1.25% |
| 31 | ONEWATER MARINE INC | ONEW | 787,475 | $10.5M | 1.24% |
| 32 | URANIUM ENERGY CORP | UEC | 1,460,036 | $9.9M | 1.17% |
| 33 | ASSURED GUARANTY LTD | AGO | 112,306 | $9.8M | 1.15% |
| 34 | IPERIONX LTD | IPX | 297,053 | $9.4M | 1.10% |
| 35 | RENAISSANCERE HLDGS LTD | RNR-PG | 37,254 | $9.0M | 1.06% |
| 36 | MP MATERIALS CORP | MP | 265,345 | $8.8M | 1.04% |
| 37 | PULTE GROUP INC | 745867101 | 82,191 | $8.7M | 1.02% |
| 38 | U S GOLD CORP | USAU | 688,161 | $8.4M | 0.99% |
| 39 | SPROTT INC | SII | 117,546 | $8.1M | 0.95% |
| 40 | BARCLAYS PLC | BCLYF | 409,211 | $7.6M | 0.89% |
| 41 | HCI GROUP INC | HCIIP | 43,242 | $6.6M | 0.77% |
| 42 | SUNRISE RLTY TR INC | 867981102 | 609,844 | $6.5M | 0.76% |
| 43 | INTL GNRL INSURANCE HLDNGS L | G4809J106 | 264,240 | $6.3M | 0.75% |
| 44 | CIRCLE INTERNET GROUP INC | CRCL | 35,000 | $6.3M | 0.75% |
| 45 | HANOVER INS GROUP INC | 410867105 | 36,766 | $6.2M | 0.73% |
| 46 | BOWHEAD SPECIALTY HLDGS INC | BOW | 162,189 | $6.1M | 0.72% |
| 47 | M/I HOMES INC | MHO | 54,168 | $6.1M | 0.71% |
| 48 | JPMORGAN CHASE & CO. | VYLD | 19,672 | $5.7M | 0.67% |
| 49 | CIRCLE INTERNET GROUP INC | CRCL | 30,000 | $5.4M | 0.64% |
| 50 | TAYLOR MORRISON HOME CORP | TMHC | 86,600 | $5.3M | 0.63% |
| 51 | HAMILTON INSURANCE GROUP LTD | HG | 236,739 | $5.1M | 0.60% |
| 52 | A-MARK PRECIOUS METALS INC | GOLD | 188,962 | $4.2M | 0.49% |
| 53 | CORE SCIENTIFIC INC NEW | 21874A106 | 231,400 | $3.9M | 0.46% |
| 54 | FTAI INFRASTRUCTURE INC | FIP | 575,417 | $3.6M | 0.42% |
| 55 | SOFI TECHNOLOGIES INC | SOFI | 150,000 | $2.7M | 0.32% |
| 56 | HIPPO HLDGS INC | HIPOW | 76,618 | $2.1M | 0.25% |
| 57 | NI HLDGS INC | NODK | 150,319 | $1.9M | 0.23% |
| 58 | NEW FORTRESS ENERGY INC | NFE | 400,228 | $1.3M | 0.16% |