Philadelphia Financial Management of San Francisco, LLC
13F Reported Value
ⓘ$495.8M
incl. option notional
Equity Holdings
ⓘ$364.7M
Option Notional
ⓘ$131.1M
$131.1M puts / $0 calls
Holdings
45
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
Philadelphia Financial Management of San Francisco, LLC disclosed 45 positions worth $495.8M in its Form 13F-HR for Q2 2026 — $364.7M in common stock plus $131.1M of put/call option positions (reported at underlying notional value, not premium at risk), followed by $SPY and $USAU. During the quarter the fund opened 32 new positions and exited 30 and a full exit from $GS. The portfolio is most concentrated in Financials (50.9% of disclosed assets). All figures are sourced directly from Philadelphia Financial Management of San Francisco, LLC’s Form 13F-HR filing with the SEC under CIK 1351407.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
ISHARES TR - RUSSELL 2000 ETF PUT
—Quality
$75.1M250,000 sh- —
Quality
$56.0M75,000 sh - —
Quality
$17.6M1,145,546 sh - 60.1
Quality
$16.6M72,763 sh - 71.6
Quality
$15.7M118,700 sh - 57.1
Quality
$14.6M479,235 sh - —
Quality
$14.5M53,419 sh - 54.5
Quality
$14.3M484,100 sh - 54.9
Quality
$13.2M176,449 sh - 50.0
Quality
$11.9M454,425 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| ISHARES TR - RUSSELL 2000 ETF PUT | — | $75.1M | 250,000 |
 SPDR S&P 500 ETF TRUST$SPYPUT | — | $56.0M | 75,000 |
 U.S. GOLD CORP.$USAU | — | $17.6M | 1,145,546 |
 WILLIS LEASE FINANCE CORP$WLFC | 60.1 | $16.6M | 72,763 |
 HARTFORD INSURANCE GROUP, INC.$HIG | 71.6 | $15.7M | 118,700 |
 CoreCivic, Inc.$CXW | 57.1 | $14.6M | 479,235 |
 FTAI Aviation Ltd.$FTAI | — | $14.5M | 53,419 |
 GEO GROUP INC$GEO | 54.5 | $14.3M | 484,100 |
 AMERICAN INTERNATIONAL GROUP, INC.$AIG | 54.9 | $13.2M | 176,449 |
 Legacy Housing Corp$LEGH | 50.0 | $11.9M | 454,425 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Philadelphia Financial Management of San Francisco, LLC's 45 positions.
Showing top 10 of 45 holdings.
Sector Allocation
Financials
$185.5M
Industrials
$87.6M
Consumer Discretionary
$33.6M
Materials
$30.5M
Real Estate
$18.5M
Technology
$8.8M
Energy
$217,860
Full Holdings — Philadelphia Financial Management of San Francisco, LLC (Q2 2026)
All 45 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | — | ISHARES TR - RUSSELL 2000 ETF | $75.1M | — | NEW | — |
| 2 | $SPYPUT | SPDR S&P 500 ETF TRUST | $56.0M | — | NEW | — |
| 3 | $USAU | U.S. GOLD CORP. | $17.6M | 4.8% | +18% | — |
| 4 | $WLFC | WILLIS LEASE FINANCE CORP | $16.6M | 4.6% | NEW | 60.1 |
| 5 | $HIG | HARTFORD INSURANCE GROUP, INC. | $15.7M | 4.3% | NEW | 71.6 |
| 6 | $CXW | CoreCivic, Inc. | $14.6M | 4.0% | NEW | 57.1 |
| 7 | $FTAI | FTAI Aviation Ltd. | $14.5M | 4.0% | NEW | — |
| 8 | $GEO | GEO GROUP INC | $14.3M | 3.9% | NEW | 54.5 |
| 9 | $AIG | AMERICAN INTERNATIONAL GROUP, INC. | $13.2M | 3.6% | +7% | 54.9 |
| 10 | $LEGH | Legacy Housing Corp | $11.9M | 3.3% | +9% | 50 |
| 11 |  $AJG | Arthur J. Gallagher & Co. | $11.4M | 3.1% | +50% | 71.2 |
| 12 |  $LGIH | LGI Homes, Inc. | $11.2M | 3.1% | NEW | 42.3 |
| 13 |  $AXS | AXIS CAPITAL HOLDINGS LTD | $10.7M | 2.9% | -33% | — |
| 14 |  $CB | Chubb Ltd | $10.3M | 2.8% | NEW | — |
| 15 |  $EQH | Equitable Holdings, Inc. | $9.9M | 2.7% | NEW | 39.5 |
| 16 |  $WNC | WABASH NATIONAL Corp | $9.8M | 2.7% | NEW | 26.3 |
| 17 |  $ATLC | Atlanticus Holdings Corp | $9.2M | 2.5% | NEW | 68.6 |
| 18 |  $GATX | GATX CORP | $8.9M | 2.5% | -1% | 70.2 |
| 19 |  $CUBB | Customers Bancorp, Inc. | $8.9M | 2.4% | -10% | — |
| 20 |  $FICO | FAIR ISAAC CORP | $8.8M | 2.4% | NEW | 77.7 |
| 21 |  $ASPI | ASP Isotopes Inc. | $8.4M | 2.3% | +107% | 25.8 |
| 22 |  $MIAX | MIAMI INTERNATIONAL HOLDINGS, INC. | $8.3M | 2.3% | NEW | 66.3 |
| 23 |  $FCFS | FirstCash Holdings, Inc. | $8.0M | 2.2% | NEW | 69.3 |
| 24 |  $HG | Hamilton Insurance Group, Ltd. | $8.0M | 2.2% | +5% | — |
| 25 |  $STT | STATE STREET CORP | $7.9M | 2.2% | NEW | 71.5 |
| 26 |  $ARES | Ares Management Corp | $7.8M | 2.1% | NEW | 60.9 |
| 27 |  $PAYP | PayPay Corp | $7.4M | 2.0% | NEW | — |
| 28 |  $EVR | Evercore Inc. | $7.2M | 2.0% | NEW | 76.9 |
| 29 |  $FIGR | Figure Technology Solutions, Inc. | $7.2M | 2.0% | NEW | 77.1 |
| 30 |  $MCY | MERCURY GENERAL CORP | $6.7M | 1.9% | NEW | 76.6 |
| 31 |  $THG | HANOVER INSURANCE GROUP, INC. | $6.6M | 1.8% | NEW | 66.6 |
| 32 |  $SKY | Champion Homes, Inc. | $6.3M | 1.7% | NEW | 60.6 |
| 33 |  $TFIN | Triumph Financial, Inc. | $6.2M | 1.7% | -26% | 48 |
| 34 |  $JCAP | Jefferson Capital, Inc. / DE | $6.2M | 1.7% | NEW | 57.6 |
| 35 |  $MS | MORGAN STANLEY | $5.9M | 1.6% | NEW | 75.8 |
| 36 |  $ENVA | Enova International, Inc. | $5.9M | 1.6% | NEW | 69.9 |
| 37 |  $BCS | BARCLAYS PLC | $5.6M | 1.5% | NEW | — |
| 38 |  $BULL | Webull Corp | $5.5M | 1.5% | NEW | 33.5 |
| 39 |  $CVCO | CAVCO INDUSTRIES, INC. | $5.4M | 1.5% | -44% | 62.6 |
| 40 |  $CCJ | CAMECO CORP | $4.6M | 1.3% | NEW | — |
| 41 |  $FRMI | Fermi Inc. | $3.9M | 1.1% | NEW | — |
| 42 |  $ACVA | ACV Auctions Inc. | $3.7M | 1.0% | NEW | 43.5 |
| 43 |  $KAZR | Skyline Builders Group Holding Ltd | $3.2M | 0.9% | +57% | — |
| 44 |  $DOMH | Dominari Holdings Inc. | $1.1M | 0.3% | NEW | 38.5 |
| 45 |  $NFE | New Fortress Energy Inc. | $217,860 | 0.1% | +0% | 15.9 |
New Positions (32)
$SPYPUT SPDR S&P 500 ETF TRUST$56.0M$WLFC WILLIS LEASE FINANCE CORP$16.6M$HIG HARTFORD INSURANCE GROUP, INC.$15.7M$CXW CoreCivic, Inc.$14.6M$FTAI FTAI Aviation Ltd.$14.5M$GEO GEO GROUP INC$14.3M$LGIH LGI Homes, Inc.$11.2M$CB Chubb Ltd$10.3M$EQH Equitable Holdings, Inc.$9.9M$WNC WABASH NATIONAL Corp$9.8M$ATLC Atlanticus Holdings Corp$9.2M$FICO FAIR ISAAC CORP$8.8M$MIAX MIAMI INTERNATIONAL HOLDINGS, INC.$8.3M$FCFS FirstCash Holdings, Inc.$8.0MExited Positions (30)
$GSPUT GOLDMAN SACHS GROUP INC
$TH Target Hospitality Corp.
$HCI HCI Group, Inc.
$BFH BREAD FINANCIAL HOLDINGS, INC.
$LNC LINCOLN NATIONAL CORP
$PNFP Pinnacle Financial Partners, Inc.
$EZPW EZCORP INC
$OPLN OPENLANE, Inc.
$AON Aon plc
$AER AerCap Holdings N.V.
$BOH BANK OF HAWAII CORP
$EWBC EAST WEST BANCORP INC
$SF STIFEL FINANCIAL CORP
$MCHB Mechanics Bancorp
$MA Mastercard IncBrowse Top Institutional Investors
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