Philadelphia Financial Management of San Francisco, LLC
CIK 1351407 · Holdings on Sep 30, 2025 · First reported Nov 14, 2025
Top ten holdings
Q3 2025- PFSI5.65%
- SLDE5.29%
- TH4.24%
- MCHB4.01%
- PGR3.82%
- SIGI3.64%
- HOOD3.59%
- CUBI3.48%
- ASPI3.20%
- FUTU3.19%
Share classes counted separately40.11%
Portfolio value by quarter
What changed this quarter?
Within preview · weight change- HGWeight increased · +1.78 pp1.13% → 2.91%Shares +348.11K (+147.04%)
- BOWWeight increased · +1.47 pp1.35% → 2.82%Shares +357.64K (+220.51%)
- ALLWeight decreased · -1.37 pp4.19% → 2.82%Shares -28.28K (-30.11%)
Weight = security value ÷ total reported holdings value. Changes are in percentage points; price moves also affect weights, so they are not trade sizes.
Top 10 holdings 25
USD · B = billion · M = million; expand a row for exact values| # | Security | Value | Weight | Quantity | Weight / quantity change | Activity | |
|---|---|---|---|---|---|---|---|
| 01 | PFSIPENNYMAC FINANCIAL SERVICES View history and evidence | $28.22M | 5.65% | 227.77K shares | Prior unavailable +227.77K | New | ↗▾ |
| 02 | SLDESLIDE INSURANCE HOLDINGS INC View history and evidence | $26.43M | 5.29% | 1.67M shares | Prior unavailable +1.67M | New | ↗▾ |
| 03 | THTARGET HOSPITALITY CORP View history and evidence | $21.18M | 4.24% | 2.50M shares | 3.17% → 4.24%+1.07 pp +486.89K (+24.21%) | Added | ↗▾ |
| 04 | MCHBMECHANICS BANCORP-ACL A View history and evidence | $20.01M | 4.01% | 1.50M shares | 4.48% → 4.01%-0.47 pp -41.86K (-2.71%) | Reduced | ↗▾ |
| 05 | PGRPROGRESSIVE CORP View history and evidence | $19.07M | 3.82% | 77.24K shares | Prior unavailable +77.24K | New | ↗▾ |
| 06 | SIGISELECTIVE INSURANCE GROUP View history and evidence | $18.16M | 3.64% | 223.96K shares | Prior unavailable +223.96K | New | ↗▾ |
| 07 | HOODROBINHOOD MARKETS INC - ACOM CL A View history and evidence | $17.90M | 3.59% | 125.00K shares | Prior unavailable +125.00K | New | ↗▾ |
| 08 | CUBICUSTOMERS BANCORP INC View history and evidence | $17.37M | 3.48% | 265.64K shares | 3.51% → 3.48%-0.03 pp -3.85K (-1.43%) | Reduced | ↗▾ |
| 09 | ASPIASP ISOTOPES INC View history and evidence | $15.98M | 3.20% | 1.66M shares | 4.36% → 3.20%-1.16 pp -1.01M (-37.78%) | Reduced | ↗▾ |
| 10 | FUTUFUTU HOLDINGS LTD-ADRSPON ADS CL A View history and evidence | $15.93M | 3.19% | 91.61K shares | Prior unavailable +91.61K | New | ↗▾ |
Options overlay 15
$393.24M notionalPut and Call positions are separate. Notional is based on underlying securities, not option premium, market value or net exposure. Quantities are underlying shares.
| Security | Put / Call | Underlying shares | Notional | Quantity change | |
|---|---|---|---|---|---|
CRCLCIRCLE INTERNET GROUP INCCOM CL A View history and evidence | Put | 565.00K | $74.91M | +535.00K (+1783.33%) | ▾ |
COINCOINBASE GLOBAL INC -CLASS ACOM CL A View history and evidence | Put | 165.00K | $55.69M | +65.00K (+65.00%) | ▾ |
IWMISHARES RUSSELL 2000 ETFRUSSELL 2000 ETF View history and evidence | Put | 200.00K | $48.39M | -250.00K (-55.56%) | ▾ |
3 / 15 options · preview only
Exited positions 32
| Security | Type | Shares out | Value out | Previous filing | This filing |
|---|---|---|---|---|---|
| ALL ALLSTATE CORP | Call | -210,600 | -$42.40M | SEC filing ↗ | SEC filing ↗ |
| EQH EQUITABLE HOLDINGS INC | Put | -750,000 | -$42.08M | SEC filing ↗ | SEC filing ↗ |
| EQH EQUITABLE HOLDINGS INC | Call | -500,000 | -$28.05M | SEC filing ↗ | SEC filing ↗ |
3 / 32 preview exits. Up to 30 exit records are previewed. Exit means absent from the current filing; execution date, price and proceeds are unknown.
Every number has a source.
CIK 1351407 · Period 2025-09-30
Data loaded 2026-09-23 · First reported 2025-11-14
Amendments and versions
{
"amendments_merged": null,
"prior_versions": null,
"cover_table_value": 892441151
}Research all 60 reported holdings.
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