Philadelphia Financial Management of San Francisco, LLC
CIK
1351407
Location
SAN FRANCISCO, CA
Portfolio Value
Small
$345,502,931
Diversification
Diversified
Reports for
Boathouse Row I, L.P.
Boathouse Row II L P
BOATHOUSE ROW OFFSHORE MINYAN, LTD.
Filing Date
Global Rank
#3,018
/ 8,636
▼ 1229
· as of Mar 2026
Top Industry
Banks - Regional
18.7%
3Y Alpha vs SPY
+1.7%
Period ended 4 months ago
Filed May 14, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Aug 2023–Aug 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+84.4%
SPY
+78.8%
Annualised alpha
+1.3%
Max drawdown
−25.4%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 86% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
43 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
9.7%
−1.9 pts
Top 5
26.9%
−8.4 pts
Top 10
42.8%
−9.4 pts
HHI
340
Diversified−81
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 69.8% | $241,021,109 |
| Industrials | 10.0% | $34,531,848 |
| Consumer Cyclical | 7.4% | $25,538,246 |
| Energy | 5.8% | $19,897,498 |
| Basic Materials | 5.7% | $19,696,407 |
| Communication Services | 1.3% | $4,464,000 |
| Technology | 0.1% | $353,823 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NFE | New Fortress Energy Inc. | +390,036 | 600,000 | $354,000 | |
| LEGH | Legacy Housing Corp | +280,936 | 415,163 | $8,481,780 | |
| SOC | Sable Offshore Corp. | +125,641 | 453,722 | $7,495,487 | |
| KAZR | Skyline Builders Group Holding Ltd | +51,349 | 660,102 | $2,039,715 | |
| PFSI | PennyMac Financial Services, Inc. | +25,579 | 69,366 | $6,062,588 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
13 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| TH | Target Hospitality Corp. | −1,687,782 | 1,616,642 | $15,002,437 | |
| MCHB | Mechanics Bancorp | −774,165 | 545,321 | $8,043,484 | |
| AZ | A2z Cust2mate Solutions Corp. | −572,305 | 53,047 | $353,823 | |
| EZPW | Ezcorp Inc | −347,872 | 371,657 | $9,432,654 | |
| AIG | American International Group, Inc. | −284,661 | 165,000 | $12,416,250 | |
| HG | Hamilton Insurance Group, Ltd. | −271,992 | 223,291 | $6,660,770 | |
| USAU | U.S. Gold Corp. | −239,832 | 969,792 | $14,731,140 | |
| NODK | NI Holdings, Inc. | −142,961 | 14,758 | $190,230 | |
| HCI | HCI Group, Inc. | −63,977 | 96,023 | $14,846,116 | |
| CUBI | Customers Bancorp, Inc. | −38,029 | 124,100 | $8,613,781 | |
| BFH | Bread Financial Holdings, Inc. | −19,783 | 172,156 | $12,892,762 | |
| GATX | Gatx Corp | −18,026 | 50,811 | $8,675,470 | |
| HOOD | Robinhood Markets, Inc. | −6 | 78,883 | $5,466,591 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| GS | Goldman Sachs Group Inc | 39,500 | $33,416,605 | |
| AXS | Axis Capital Holdings Ltd | 148,000 | $15,008,680 | |
| LNC | Lincoln National Corp | 285,000 | $10,117,500 | |
| PNFP | Pinnacle Financial Partners, Inc. | 115,664 | $9,963,296 | |
| OPLN | OPENLANE, Inc. | 321,800 | $9,380,470 | |
| AON | Aon plc | 28,000 | $9,037,840 | |
| AER | AerCap Holdings N.V. | 64,253 | $8,814,226 | |
| BOH | Bank Of Hawaii Corp | 117,700 | $8,739,225 | |
| EWBC | East West Bancorp Inc | 81,600 | $8,711,616 | |
| SF | Stifel Financial Corp | 113,348 | $8,378,684 | |
| CVCO | Cavco Industries, Inc. | 15,850 | $7,675,996 | |
| MA | Mastercard Inc | 15,200 | $7,594,832 | |
| AX | Axos Financial, Inc. | 88,200 | $7,504,938 | |
| AJG | Arthur J. Gallagher & Co. | 33,000 | $7,147,140 | |
| CACC | Credit Acceptance Corp | 16,538 | $7,003,181 | |
| TFIN | Triumph Financial, Inc. | 110,527 | $6,594,040 | |
| BPOP | Popular, Inc. | 48,500 | $6,507,245 | |
| BKV | BKV Corp | 214,880 | $6,128,377 | |
| GLNG | Golar Lng Ltd | 109,400 | $5,919,634 | |
| JXN | Jackson Financial Inc. | 50,000 | $5,286,000 | |
| SLDE | Slide Insurance Holdings, Inc. | 280,000 | $5,040,000 | |
| MAX | MediaAlpha, Inc. | 480,000 | $4,464,000 | |
| ASPI | ASP Isotopes Inc. | 648,341 | $2,865,667 | |
| ALM | Almonty Industries Inc. | 145,000 | $2,099,600 | |
| LDI | loanDepot, Inc. | 243,001 | $345,061 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CRCL | Circle Internet Group, Inc. | 1,335,000 | $105,865,500 | |
| COIN | Coinbase Global, Inc. | 400,000 | $90,456,000 | |
| MSTR | Strategy Inc | 300,000 | $45,585,000 | |
| BMNR | Bitmine Immersion Technologies, Inc. | 1,500,000 | $40,725,000 | |
| CRWV | CoreWeave, Inc. | 550,000 | $39,385,500 | |
| IBIT | iShares Bitcoin Trust ETF | 700,000 | $34,755,000 | |
| GM | General Motors Co | 254,590 | $20,703,258 | |
| HUT | Hut 8 Corp. | 400,000 | $18,376,000 | |
| XZO | Exzeo Group, Inc. | 710,000 | $17,217,500 | |
| APLD | Applied Digital Corp. | 700,000 | $17,164,000 | |
| DB | Deutsche Bank Aktiengesellschaft | 436,262 | $16,822,262 | |
| BLSH | Bullish | 425,000 | $16,094,750 | |
| HIG | Hartford Insurance Group, Inc. | 99,471 | $13,707,103 | |
| BWIN | Baldwin Insurance Group, Inc. | 556,299 | $13,367,864 | |
| TREE | LendingTree, Inc. | 251,459 | $13,349,958 | |
| MP | MP Materials Corp. / DE | 260,000 | $13,135,200 | |
| SKY | Champion Homes, Inc. | 155,425 | $13,133,412 | |
| AFG | American Financial Group Inc | 91,610 | $12,521,254 | |
| XYZ | Block, Inc. | 183,743 | $11,959,831 | |
| IREN | IREN Ltd | 300,000 | $11,331,000 | |
| KKR | KKR & Co. Inc. | 78,563 | $10,015,211 | |
| TPG | TPG Inc. | 155,699 | $9,939,824 | |
| FUTU | Futu Holdings Ltd | 60,000 | $9,852,600 | |
| CARS | Cars.com Inc. | 751,671 | $9,170,386 | |
| TOST | Toast, Inc. | 257,848 | $9,156,182 | |
| No positions match the current search. | ||||
43 tracked positions ·
$345,502,931 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Energy
Financial Services
Industrials
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| GS |
Goldman Sachs Group Inc
PUT
Financial Services
|
NEW | 39,500 | $33,416,605 | 9.67% | |
| AXS |
Axis Capital Holdings Ltd
Financial Services
|
NEW | 148,000 | $15,008,680 | 4.34% | |
| TH |
Target Hospitality Corp.
Industrials
|
Reduced | 1,616,642 | $15,002,437 | 4.34% | |
| HCI |
HCI Group, Inc.
Financial Services
|
Reduced | 96,023 | $14,846,116 | 4.30% | |
| USAU |
U.S. Gold Corp.
Basic Materials
|
Reduced | 969,792 | $14,731,140 | 4.26% | |
| BFH |
Bread Financial Holdings, Inc.
Financial Services
|
Reduced | 172,156 | $12,892,762 | 3.73% | |
| AIG |
American International Group, Inc.
Financial Services
|
Reduced | 165,000 | $12,416,250 | 3.59% | |
| LNC |
Lincoln National Corp
Financial Services
|
NEW | 285,000 | $10,117,500 | 2.93% | |
| PNFP |
Pinnacle Financial Partners, Inc.
Financial Services
|
NEW | 115,664 | $9,963,296 | 2.88% | |
| EZPW |
Ezcorp Inc
Financial Services
|
Reduced | 371,657 | $9,432,654 | 2.73% | |
| OPLN |
OPENLANE, Inc.
Consumer Cyclical
|
NEW | 321,800 | $9,380,470 | 2.72% | |
| AON |
Aon plc
Financial Services
|
NEW | 28,000 | $9,037,840 | 2.62% | |
| AER |
AerCap Holdings N.V.
Industrials
|
NEW | 64,253 | $8,814,226 | 2.55% | |
| BOH |
Bank Of Hawaii Corp
Financial Services
|
NEW | 117,700 | $8,739,225 | 2.53% | |
| EWBC |
East West Bancorp Inc
Financial Services
|
NEW | 81,600 | $8,711,616 | 2.52% | |
| GATX |
Gatx Corp
Industrials
|
Reduced | 50,811 | $8,675,470 | 2.51% | |
| CUBI |
Customers Bancorp, Inc.
Financial Services
|
Reduced | 124,100 | $8,613,781 | 2.49% | |
| LEGH |
Legacy Housing Corp
Consumer Cyclical
|
Added | 415,163 | $8,481,780 | 2.45% | |
| SF |
Stifel Financial Corp
Financial Services
|
NEW | 113,348 | $8,378,684 | 2.43% | |
| MCHB |
Mechanics Bancorp
Financial Services
|
Reduced | 545,321 | $8,043,484 | 2.33% | |
| CVCO |
Cavco Industries, Inc.
Consumer Cyclical
|
NEW | 15,850 | $7,675,996 | 2.22% | |
| MA |
Mastercard Inc
Financial Services
|
NEW | 15,200 | $7,594,832 | 2.20% | |
| AX |
Axos Financial, Inc.
Financial Services
|
NEW | 88,200 | $7,504,938 | 2.17% | |
| SOC |
Sable Offshore Corp.
Energy
|
Added | 453,722 | $7,495,487 | 2.17% | |
| AJG |
Arthur J. Gallagher & Co.
Financial Services
|
NEW | 33,000 | $7,147,140 | 2.07% | |
| CACC |
Credit Acceptance Corp
Financial Services
|
NEW | 16,538 | $7,003,181 | 2.03% | |
| HG |
Hamilton Insurance Group, Ltd.
Financial Services
|
Reduced | 223,291 | $6,660,770 | 1.93% | |
| TFIN |
Triumph Financial, Inc.
Financial Services
|
NEW | 110,527 | $6,594,040 | 1.91% | |
| BPOP |
Popular, Inc.
Financial Services
|
NEW | 48,500 | $6,507,245 | 1.88% | |
| BKV |
BKV Corp
Energy
|
NEW | 214,880 | $6,128,377 | 1.77% | |
| PFSI |
PennyMac Financial Services, Inc.
Financial Services
|
Added | 69,366 | $6,062,588 | 1.75% | |
| GLNG |
Golar Lng Ltd
Energy
|
NEW | 109,400 | $5,919,634 | 1.71% | |
| HOOD |
Robinhood Markets, Inc.
Financial Services
|
Reduced | 78,883 | $5,466,591 | 1.58% | |
| JXN |
Jackson Financial Inc.
Financial Services
|
NEW | 50,000 | $5,286,000 | 1.53% | |
| SLDE |
Slide Insurance Holdings, Inc.
Financial Services
|
NEW | 280,000 | $5,040,000 | 1.46% | |
| MAX |
MediaAlpha, Inc.
Communication Services
|
NEW | 480,000 | $4,464,000 | 1.29% | |
| ASPI |
ASP Isotopes Inc.
Basic Materials
|
NEW | 648,341 | $2,865,667 | 0.83% | |
| ALM |
Almonty Industries Inc.
Basic Materials
|
NEW | 145,000 | $2,099,600 | 0.61% | |
| KAZR |
Skyline Builders Group Holding Ltd
Industrials
|
Reduced | 660,102 | $2,039,715 | 0.59% | |
| NFE |
New Fortress Energy Inc.
Energy
|
Added | 600,000 | $354,000 | 0.10% | |
| AZ |
A2z Cust2mate Solutions Corp.
Technology
|
Reduced | 53,047 | $353,823 | 0.10% | |
| LDI |
loanDepot, Inc.
Financial Services
|
NEW | 243,001 | $345,061 | 0.10% | |
| NODK |
NI Holdings, Inc.
Financial Services
|
Reduced | 14,758 | $190,230 | 0.06% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.