Fund Holdings

Philadelphia Financial Management of San Francisco, LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
GOLDMAN SACHS GROUP INC(GS)(Put)039,500+39,500033,416,605+33,416,605
AXIS CAP HLDGS LTD0148,000+148,000015,008,6804.81%+15,008,680
LINCOLN NATL CORP IND(LNC)0285,000+285,000010,117,5003.24%+10,117,500
PINNACLE FINL PARTNERS INC(PNFP)0115,664+115,66409,963,2973.19%+9,963,297
OPENLANE INC(OPLN)0321,800+321,80009,380,4703.01%+9,380,470
AON PLC(AON)028,000+28,00009,037,8402.90%+9,037,840
AERCAP HOLDINGS NV(AER)064,253+64,25308,814,2272.82%+8,814,227
BANK HAWAII CORP0117,700+117,70008,739,2252.80%+8,739,225
EAST WEST BANCORP INC(EWBC)081,600+81,60008,711,6162.79%+8,711,616
STIFEL FINL CORP(SF)0113,348+113,34808,378,6842.68%+8,378,684
CAVCO INDS INC DEL(CVCO)015,850+15,85007,675,9962.46%+7,675,996
MASTERCARD INCORPORATED(MA)015,200+15,20007,594,8322.43%+7,594,832
AXOS FINANCIAL INC(AX)088,200+88,20007,504,9382.40%+7,504,938
GALLAGHER ARTHUR J & CO(AJG)033,000+33,00007,147,1402.29%+7,147,140
CREDIT ACCEP CORP MICH(CACC)016,538+16,53807,003,1812.24%+7,003,181
TRIUMPH FINANCIAL INC0110,527+110,52706,594,0412.11%+6,594,041
POPULAR INC(BPOP)048,500+48,50006,507,2452.09%+6,507,245
BKV CORP(BKV)0214,880+214,88006,128,3781.96%+6,128,378
GOLAR LNG LTD0109,400+109,40005,919,6341.90%+5,919,634
LEGACY HOUSING CORP0415,163+415,16308,481,7802.72%+8,481,780
JACKSON FINANCIAL INC(JXN)050,000+50,00005,286,0001.69%+5,286,000
SLIDE INS HLDGS INC(SLDE)0280,000+280,00005,040,0001.61%+5,040,000
SABLE OFFSHORE CORP(SOC)0453,722+453,72207,495,4872.40%+7,495,487
MEDIAALPHA INC0480,000+480,00004,464,0001.43%+4,464,000
ASP ISOTOPES INC0648,341+648,34102,865,6670.92%+2,865,667
ALMONTY INDS INC0145,000+145,00002,099,6000.67%+2,099,600
LOANDEPOT INC0243,001+243,0010345,0610.11%+345,061
PENNYMAC FINL SVCS INC NEW(PFSI)069,366+69,36606,062,5881.94%+6,062,588
SKYLINE BLDRS GROUP HLDG LTD0660,102+660,10202,039,7150.65%+2,039,715
NEW FORTRESS ENERGY INC0600,000+600,0000354,0000.11%+354,000
TANGO THERAPEUTICS INC(TNGX)000000
BREAD FINANCIAL HOLDINGS INC0172,156+172,156012,892,7634.13%+12,892,763
NI HLDGS INC014,758+14,7580190,2310.06%+190,231
PAR TECHNOLOGY CORP000000
GATX CORP(GATX)050,811+50,81108,675,4702.78%+8,675,470
CUSTOMERS BANCORP INC(CUBB)0124,100+124,10008,613,7812.76%+8,613,781
ROBINHOOD MKTS INC(HOOD)078,883+78,88305,466,5921.75%+5,466,592
NEPTUNE INS HLDGS INC(NP)000000
A2Z CUST2MATE SOLUTIONS CORP053,047+53,0470353,8230.11%+353,823
SUNRISE RLTY TR INC000000
EZCORP INC(EZPW)0371,657+371,65709,432,6553.02%+9,432,655
BULLISH(BLSH)000000
FERMI INC(FRMI)000000
COLUMBIA BKG SYS INC(COLB)000000
NELNET INC(NNI)000000
AMERICAN INTL GROUP INC0165,000+165,000012,416,2503.98%+12,416,250
ONEWATER MARINE INC000000
CAPITAL ONE FINL CORP(COF)000000
HAMILTON INSURANCE GROUP LTD(HG)0223,291+223,29106,660,7712.13%+6,660,771
ARMOUR RESIDENTIAL REIT INC000000
ENOVA INTL INC(ENVA)000000
BANK OZK LITTLE ROCK ARK(OZK)000000
U S GOLD CORP0969,792+969,792014,731,1404.72%+14,731,140
TOAST INC(TOST)000000
CARS COM INC000000
FUTU HLDGS LTD(FUTU)000000
TPG INC(TPG)000000
KKR & CO INC(KKR)000000
MECHANICS BANCORP(MCHB)0545,321+545,32108,043,4852.58%+8,043,485
IREN LIMITED(Put)000000
BULLISH(BLSH)(Put)000000
TARGET HOSPITALITY CORP(TH)01,616,642+1,616,642015,002,4384.81%+15,002,438
BLOCK INC(XYZ)000000
AMERICAN FINL GROUP INC OHIO000000
CHAMPION HOMES INC(SKY)000000
MP MATERIALS CORP(MP)(Call)000000
LENDINGTREE INC NEW000000
THE BALDWIN INSURANCE GRP IN(BWIN)000000
HARTFORD INSURANCE GROUP INC(HIG)000000
HCI GROUP INC096,023+96,023014,846,1164.76%+14,846,116
DEUTSCHE BANK A G000000
APPLIED DIGITAL CORP(Put)000000
EXZEO GROUP INC(XZO)000000
HUT 8 CORP(HUT)(Put)000000
PINNACLE FINL PARTNERS INC000000
AMERICAN INTL GROUP INC(Call)000000
GENERAL MTRS CO(GM)000000
ISHARES BITCOIN TRUST ETF(IBIT)(Call)000000
COREWEAVE INC(CRWV)(Put)000000
BITMINE IMMERSION TECNOLOGIE(BMNR)(Put)000000
STRATEGY INC(MSTR)(Put)000000
COINBASE GLOBAL INC(COIN)(Put)000000
CIRCLE INTERNET GROUP INC(CRCL)(Put)000000
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