Fund HoldingsPhiladelphia Financial Management of San Francisco, LLC

Total Portfolio Value
$495.79M
Total Bought
$401.06M
Total Sold
$251.70M
Net Transaction
+$149.36M
Filing Period:
Securities
SharesValue ($K)
Q1 2026
Q2 2026
Change
Q1 2026
Q2 2026
Weight (%)
Change
ISHARES TR(Put)0250,000+250,000075,113+75,113
STATE STR SPDR S&P 500 ETF T(SPY)(Put)075,000+75,000056,008+56,008
WILLIS LEASE FIN CORP(WLFC)072,763+72,763016,6483.36%+16,648
HARTFORD INSURANCE GROUP INC(HIG)0118,700+118,700015,7303.17%+15,730
CORECIVIC INC(CXW)0479,235+479,235014,5592.94%+14,559
FTAI AVIATION LTD(FTAI)053,419+53,419014,4512.91%+14,451
GEO GROUP INC(GEO)0484,100+484,100014,3052.89%+14,305
LGI HOMES INC(LGIH)0175,175+175,175011,1552.25%+11,155
CHUBB LIMITED
COM
030,300+30,300010,3242.08%+10,324
EQUITABLE HLDGS INC0226,030+226,03009,9182.00%+9,918
WABASH NATL CORP0726,847+726,84709,8121.98%+9,812
ATLANTICUS HOLDINGS CORP(ATLC)089,597+89,59709,1611.85%+9,161
FAIR ISAAC CORP(FICO)07,340+7,34008,7701.77%+8,770
MIAMI INTL HLDGS INC(MIAX)0223,715+223,71508,3131.68%+8,313
FIRSTCASH HOLDINGS INC(FCFS)037,100+37,10008,0251.62%+8,025
STATE STR CORP(STT)046,550+46,55007,8951.59%+7,895
ARES MANAGEMENT CORPORATION(ARES)070,500+70,50007,8471.58%+7,847
PAYPAY CORP(PAYP)0515,121+515,12107,3821.49%+7,382
EVERCORE INC(EVR)021,191+21,19107,2351.46%+7,235
FIGURE TECHNOLOGY SOLUTIO(FGRS)0233,900+233,90007,1831.45%+7,183
MERCURY GENL CORP NEW(MCY)063,200+63,20006,7381.36%+6,738
HANOVER INS GROUP INC(THG)031,040+31,04006,6461.34%+6,646
CHAMPION HOMES INC(SKY)071,102+71,10206,2661.26%+6,266
JEFFERSON CAPITAL INC(JCAP)0316,853+316,85306,1691.24%+6,169
MORGAN STANLEY(MS)028,400+28,40005,9371.20%+5,937
ENOVA INTL INC(ENVA)024,355+24,35505,8631.18%+5,863
BARCLAYS PLC0207,000+207,00005,5601.12%+5,560
WEBULL CORP(BULL)0850,500+850,50005,5451.12%+5,545
ASP ISOTOPES INC648,3411,343,007+694,6662,8668,3541.68%+5,488
CAMECO CORP(CCJ)045,300+45,30004,6140.93%+4,614
GALLAGHER ARTHUR J & CO(AJG)33,00049,500+16,5007,14711,3642.29%+4,217
FERMI INC(FRMI)0425,000+425,00003,8930.79%+3,893
ACV AUCTIONS INC(ACVA)0511,900+511,90003,6810.74%+3,681
LEGACY HOUSING CORP415,163454,425+39,2628,48211,9382.41%+3,456
U S GOLD CORP969,7921,145,546+175,75414,73117,5613.54%+2,830
HAMILTON INSURANCE GROUP LTD(HG)223,291234,448+11,1576,6617,9571.60%+1,296
SKYLINE BLDRS GROUP HLDG LTD
SHS CL A
660,1021,037,286+377,1842,0403,2050.65%+1,165
DOMINARI HOLDINGS INC0358,183+358,18301,1250.23%+1,125
AMERICAN INTL GROUP INC165,000176,449+11,44912,41613,1512.65%+734
GATX CORP(GATX)50,81150,500-3118,6758,9481.80%+273
CUSTOMERS BANCORP INC(CUBB)124,100112,143-11,9578,6148,8711.79%+257
NEW FORTRESS ENERGY INC600,000600,00003542180.04%-136
NI HLDGS INC14,7580-14,7581900-190
LOANDEPOT INC243,0010-243,0013450-345
TRIUMPH FINANCIAL INC110,52781,781-28,7466,5946,2411.26%-353
A2Z CUST2MATE SOLUTIONS CORP53,0470-53,0473540-354
ALMONTY INDS INC145,0000-145,0002,1000-2,100
CAVCO INDS INC DEL(CVCO)15,8508,810-7,0407,6765,4131.09%-2,263
AXIS CAP HLDGS LTD
SHS
148,00099,564-48,43615,00910,6972.16%-4,312
MEDIAALPHA INC480,0000-480,0004,4640-4,464
SLIDE INS HLDGS INC(SLDE)280,0000-280,0005,0400-5,040
JACKSON FINANCIAL INC(JXN)50,0000-50,0005,2860-5,286
ROBINHOOD MKTS INC(HOOD)78,8830-78,8835,4670-5,467
GOLAR LNG LTD
SHS
109,4000-109,4005,9200-5,920
PENNYMAC FINL SVCS INC NEW(PFSI)69,3660-69,3666,0630-6,063
BKV CORP(BKV)214,8800-214,8806,1280-6,128
POPULAR INC(BPOP)48,5000-48,5006,5070-6,507
CREDIT ACCEP CORP MICH(CACC)16,5380-16,5387,0030-7,003
SABLE OFFSHORE CORP453,7220-453,7227,4950-7,495
AXOS FINANCIAL INC(AX)88,2000-88,2007,5050-7,505
MASTERCARD INCORPORATED(MA)15,2000-15,2007,5950-7,595
MECHANICS BANCORP(MCHB)545,3210-545,3218,0430-8,043
STIFEL FINL CORP(SF)113,3480-113,3488,3790-8,379
EAST WEST BANCORP INC(EWBC)81,6000-81,6008,7120-8,712
BANK HAWAII CORP117,7000-117,7008,7390-8,739
AERCAP HOLDINGS NV(AER)64,2530-64,2538,8140-8,814
AON PLC(AON)28,0000-28,0009,0380-9,038
OPENLANE INC(OPLN)321,8000-321,8009,3800-9,380
EZCORP INC(EZPW)371,6570-371,6579,4330-9,433
PINNACLE FINL PARTNERS INC(PNFP)115,6640-115,6649,9630-9,963
LINCOLN NATL CORP IND(LNC)285,0000-285,00010,1180-10,117
BREAD FINANCIAL HOLDINGS INC172,1560-172,15612,8930-12,893
HCI GROUP INC96,0230-96,02314,8460-14,846
TARGET HOSPITALITY CORP(TH)1,616,6420-1,616,64215,0020-15,002
GOLDMAN SACHS GROUP INC(GS)(Put)39,5000-39,50033,4170-33,417
Page 1 of 1