Philadelphia Financial Management of San Francisco, LLC

CIK

1351407

Location

SAN FRANCISCO, CA

Portfolio Value

Micro $353,823

Diversification

Diversified

Filing Date

Global Rank

#3,190 / 8,586 ▼ 1275

Top Industry

Banks - Regional 18.7%

3Y Alpha vs SPY

+2.3%

Period ended 3 months ago

Filed May 14, 2026 · 33d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+89.1%

SPY

+78.1%

Annualised alpha

+2.4%

Max drawdown

−25.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

43 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top 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	Positions
Financial Services	69.8%	$241,021,109	27
Industrials	10.0%	$34,531,848	4
Consumer Cyclical	7.4%	$25,538,246	3
Energy	5.8%	$19,897,498	4
Basic Materials	5.7%	$19,696,407	3
Communication Services	1.3%	$4,464,000	1
Technology	0.1%	$353,823	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
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
SKBL	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
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
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
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.

Portfolio Positions

Compact Export CSV View 13F filing

1 positions · $353,823 total · Technology only · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio	History
AZ	A2z Cust2mate Solutions Corp. Technology	Reduced	53,047	-572,305	$353,823	−91.3%	100.00%