Philadelphia Financial Management of San Francisco, LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| CIRCLE INTERNET GROUP INC(CRCL)(Put) | 30,000 | 565,000 | +535,000 | 5,438,700 | 74,907,700 | — | +69,469,000 |
| PALANTIR TECHNOLOGIES INC(PLTR)(Put) | 0 | 200,000 | +200,000 | 0 | 36,484,000 | — | +36,484,000 |
| PENNYMAC FINL SVCS INC NEW(PFSI) | 0 | 227,772 | +227,772 | 0 | 28,216,395 | 5.65% | +28,216,395 |
| SLIDE INS HLDGS INC(SLDE) | 0 | 1,674,429 | +1,674,429 | 0 | 26,430,862 | 5.29% | +26,430,862 |
| TALEN ENERGY CORP(TLN)(Put) | 0 | 50,000 | +50,000 | 0 | 21,269,000 | — | +21,269,000 |
| COINBASE GLOBAL INC(COIN)(Put) | 100,000 | 165,000 | +65,000 | 35,049,000 | 55,685,850 | — | +20,636,850 |
| MECHANICS BANCORP(MCHB) | 0 | 1,503,724 | +1,503,724 | 0 | 20,014,566 | 4.01% | +20,014,566 |
| PROGRESSIVE CORP(PGR) | 0 | 77,239 | +77,239 | 0 | 19,074,171 | 3.82% | +19,074,171 |
| SELECTIVE INS GROUP INC(SIGI) | 0 | 223,959 | +223,959 | 0 | 18,156,356 | 3.64% | +18,156,356 |
| ROBINHOOD MKTS INC(HOOD) | 0 | 125,000 | +125,000 | 0 | 17,897,500 | 3.59% | +17,897,500 |
| FUTU HLDGS LTD(FUTU) | 0 | 91,610 | +91,610 | 0 | 15,931,895 | 3.19% | +15,931,895 |
| GROUP 1 AUTOMOTIVE INC(GPI)(Put) | 0 | 35,000 | +35,000 | 0 | 15,312,850 | — | +15,312,850 |
| FUTU HLDGS LTD(FUTU)(Put) | 0 | 85,000 | +85,000 | 0 | 14,782,350 | — | +14,782,350 |
| DEUTSCHE BANK A G | 0 | 415,962 | +415,962 | 0 | 14,729,214 | 2.95% | +14,729,214 |
| CHAMPION HOMES INC(SKY) | 0 | 190,241 | +190,241 | 0 | 14,528,705 | 2.91% | +14,528,705 |
| FIDELITY NATIONAL FINANCIAL(FNF) | 0 | 208,824 | +208,824 | 0 | 12,631,764 | 2.53% | +12,631,764 |
| AXIS CAP HLDGS LTD | 0 | 124,588 | +124,588 | 0 | 11,935,530 | 2.39% | +11,935,530 |
| JEFFERIES FINL GROUP INC(JEF) | 0 | 181,444 | +181,444 | 0 | 11,870,066 | 2.38% | +11,870,066 |
| GOLDMAN SACHS GROUP INC(GS)(Put) | 40,000 | 50,000 | +10,000 | 28,310,000 | 39,817,500 | — | +11,507,500 |
| MP MATERIALS CORP(MP)(Put) | 0 | 170,000 | +170,000 | 0 | 11,401,900 | — | +11,401,900 |
| ARMOUR RESIDENTIAL REIT INC | 0 | 716,000 | +716,000 | 0 | 10,697,040 | 2.14% | +10,697,040 |
| CAPITAL ONE FINL CORP(COF)(Put) | 0 | 50,000 | +50,000 | 0 | 10,629,000 | — | +10,629,000 |
| POPULAR INC(BPOP) | 0 | 76,564 | +76,564 | 0 | 9,724,394 | 1.95% | +9,724,394 |
| GALAXY DIGITAL INC.(GLXY)(Put) | 0 | 285,000 | +285,000 | 0 | 9,635,850 | — | +9,635,850 |
| HAMILTON INSURANCE GROUP LTD(HG) | 236,739 | 584,846 | +348,107 | 5,118,297 | 14,504,181 | 2.91% | +9,385,884 |
| TPG INC(TPG) | 0 | 159,000 | +159,000 | 0 | 9,134,550 | 1.83% | +9,134,550 |
| AMERICAN FINL GROUP INC OHIO | 0 | 61,740 | +61,740 | 0 | 8,996,753 | 1.80% | +8,996,753 |
| COLUMBIA BKG SYS INC(COLB) | 0 | 341,959 | +341,959 | 0 | 8,802,025 | 1.76% | +8,802,025 |
| BOWHEAD SPECIALTY HLDGS INC(BOW) | 162,189 | 519,833 | +357,644 | 6,086,953 | 14,056,284 | 2.82% | +7,969,331 |
| BULLISH(BLSH)(Put) | 0 | 120,000 | +120,000 | 0 | 7,633,200 | — | +7,633,200 |
| TARGET HOSPITALITY CORP(TH) | 2,010,780 | 2,497,669 | +486,889 | 14,316,754 | 21,180,233 | 4.24% | +6,863,479 |
| PALOMAR HLDGS INC(PLMR) | 0 | 55,885 | +55,885 | 0 | 6,524,574 | 1.31% | +6,524,574 |
| MP MATERIALS CORP(MP) | 265,345 | 223,062 | -42,283 | 8,828,028 | 14,960,768 | 3.00% | +6,132,740 |
| U S GOLD CORP | 688,161 | 857,708 | +169,547 | 8,395,564 | 14,135,028 | 2.83% | +5,739,464 |
| FIGURE TECHNOLOGY SOLUTIO(FGRS) | 0 | 150,000 | +150,000 | 0 | 5,455,500 | 1.09% | +5,455,500 |
| EVERQUOTE INC(EVER) | 0 | 236,077 | +236,077 | 0 | 5,399,081 | 1.08% | +5,399,081 |
| DYNAMIX CORP | 0 | 472,389 | +472,389 | 0 | 4,917,569 | 0.99% | +4,917,569 |
| KKR & CO INC(KKR) | 0 | 33,900 | +33,900 | 0 | 4,405,305 | 0.88% | +4,405,305 |
| AMERICAN INTEGRITY INS GROUP | 0 | 191,273 | +191,273 | 0 | 4,267,301 | 0.85% | +4,267,301 |
| A2Z CUST2MATE SOLUTIONS CORP | 1,024,735 | 1,861,046 | +836,311 | 10,831,449 | 14,869,758 | 2.98% | +4,038,309 |
| ONEWATER MARINE INC | 787,475 | 899,324 | +111,849 | 10,544,290 | 14,245,292 | 2.85% | +3,701,002 |
| M/I HOMES INC(MHO) | 54,168 | 58,618 | +4,450 | 6,073,316 | 8,466,784 | 1.70% | +2,393,468 |
| CYTOKINETICS INC(CYTK) | 0 | 39,523 | +39,523 | 0 | 2,172,184 | 0.44% | +2,172,184 |
| MBIA INC | 0 | 211,534 | +211,534 | 0 | 1,575,928 | 0.32% | +1,575,928 |
| CUSTOMERS BANCORP INC(CUBB) | 269,491 | 265,645 | -3,846 | 15,829,901 | 17,365,214 | 3.48% | +1,535,313 |
| BULLISH(BLSH) | 0 | 17,500 | +17,500 | 0 | 1,113,175 | 0.22% | +1,113,175 |
| EVEREST GROUP LTD(EG)(Call) | 75,000 | 75,000 | 0 | 25,488,750 | 26,267,250 | — | +778,500 |
| SKYLINE BLDRS GROUP HLDG LTD | 0 | 64,800 | +64,800 | 0 | 221,616 | 0.04% | +221,616 |
| NI HLDGS INC | 150,319 | 152,719 | +2,400 | 1,915,064 | 2,070,870 | 0.41% | +155,806 |
| NEW FORTRESS ENERGY INC | 400,228 | 359,925 | -40,303 | 1,328,757 | 795,434 | 0.16% | -533,323 |
| BARCLAYS PLC | 409,211 | 310,571 | -98,640 | 7,607,232 | 6,419,503 | 1.29% | -1,187,729 |
| SUNRISE RLTY TR INC | 609,844 | 491,077 | -118,767 | 6,464,346 | 5,102,290 | 1.02% | -1,362,056 |
| HIPPO HLDGS INC | 76,618 | 0 | -76,618 | 2,139,941 | 0 | — | -2,139,941 |
| SOFI TECHNOLOGIES INC(SOFI)(Put) | 150,000 | 0 | -150,000 | 2,731,500 | 0 | — | -2,731,500 |
| CORECIVIC INC(CXW) | 757,500 | 634,996 | -122,504 | 15,960,525 | 12,922,169 | 2.59% | -3,038,356 |
| ROBINHOOD MKTS INC(HOOD)(Put) | 190,000 | 100,000 | -90,000 | 17,789,700 | 14,318,000 | — | -3,471,700 |
| FTAI INFRASTRUCTURE INC | 575,417 | 0 | -575,417 | 3,550,323 | 0 | — | -3,550,323 |
| ASP ISOTOPES INC | 2,670,211 | 1,661,494 | -1,008,717 | 19,652,753 | 15,983,572 | 3.20% | -3,669,181 |
| GATX CORP(GATX) | 96,174 | 62,752 | -33,422 | 14,768,479 | 10,969,050 | 2.20% | -3,799,429 |
| CORE SCIENTIFIC INC NEW(CORZ) | 231,400 | 0 | -231,400 | 3,949,998 | 0 | — | -3,949,998 |
| A-MARK PRECIOUS METALS INC(GOLD) | 188,962 | 0 | -188,962 | 4,191,177 | 0 | — | -4,191,177 |
| ALLSTATE CORP(ALL) | 93,909 | 65,631 | -28,278 | 18,904,821 | 14,087,694 | 2.82% | -4,817,127 |
| TAYLOR MORRISON HOME CORP(TMHC) | 86,600 | 0 | -86,600 | 5,318,972 | 0 | — | -5,318,972 |
| JPMORGAN CHASE & CO.(JPM) | 19,672 | 0 | -19,672 | 5,703,110 | 0 | — | -5,703,110 |
| SPROTT INC(SII) | 117,546 | 26,921 | -90,625 | 8,121,253 | 2,239,558 | 0.45% | -5,881,695 |
| HANOVER INS GROUP INC(THG) | 36,766 | 0 | -36,766 | 6,245,440 | 0 | — | -6,245,440 |
| MP MATERIALS CORP(MP)(Call) | 390,000 | 100,000 | -290,000 | 12,975,300 | 6,707,000 | — | -6,268,300 |
| CIRCLE INTERNET GROUP INC(CRCL) | 35,000 | 0 | -35,000 | 6,345,150 | 0 | — | -6,345,150 |
| INTL GNRL INSURANCE HLDNGS L | 264,240 | 0 | -264,240 | 6,347,045 | 0 | — | -6,347,045 |
| HCI GROUP INC | 43,242 | 0 | -43,242 | 6,581,432 | 0 | — | -6,581,432 |
| PULTE GROUP INC(PHM) | 82,191 | 0 | -82,191 | 8,667,863 | 0 | — | -8,667,863 |
| RENAISSANCERE HLDGS LTD(RNR) | 37,254 | 0 | -37,254 | 9,048,997 | 0 | — | -9,048,997 |
| IPERIONX LTD | 297,053 | 0 | -297,053 | 9,357,170 | 0 | — | -9,357,170 |
| ASSURED GUARANTY LTD(AGO) | 112,306 | 0 | -112,306 | 9,781,853 | 0 | — | -9,781,853 |
| URANIUM ENERGY CORP(UEC) | 1,460,036 | 0 | -1,460,036 | 9,928,245 | 0 | — | -9,928,245 |
| FIDELIS INSURANCE HOLDINGS L | 639,293 | 0 | -639,293 | 10,599,478 | 0 | — | -10,599,478 |
| SHOPIFY INC(SHOP)(Put) | 100,000 | 0 | -100,000 | 11,535,000 | 0 | — | -11,535,000 |
| CAPITAL ONE FINL CORP(COF) | 57,548 | 0 | -57,548 | 12,243,912 | 0 | — | -12,243,912 |
| ROBINHOOD MKTS INC(HOOD)(Call) | 150,000 | 0 | -150,000 | 14,044,500 | 0 | — | -14,044,500 |
| GEO GROUP INC NEW(GEO) | 608,775 | 0 | -608,775 | 14,580,161 | 0 | — | -14,580,161 |
| BLOCK INC(XYZ) | 224,699 | 0 | -224,699 | 15,263,803 | 0 | — | -15,263,803 |
| SLM CORP(SLM) | 468,012 | 0 | -468,012 | 15,346,113 | 0 | — | -15,346,113 |
| ASPEN INSURANCE HOLDINGS LTD(AHL-PD) | 512,073 | 0 | -512,073 | 16,114,937 | 0 | — | -16,114,937 |
| RENAISSANCERE HLDGS LTD(RNR)(Call) | 74,200 | 0 | -74,200 | 18,023,180 | 0 | — | -18,023,180 |
| TOAST INC(TOST)(Put) | 420,000 | 0 | -420,000 | 18,601,800 | 0 | — | -18,601,800 |
| HOMESTREET INC(MCHB) | 1,545,583 | 0 | -1,545,583 | 20,200,770 | 0 | — | -20,200,770 |
| METROPOLITAN BK HLDG CORP(MCB) | 311,781 | 0 | -311,781 | 21,824,670 | 0 | — | -21,824,670 |
| EVEREST GROUP LTD(EG) | 68,086 | 0 | -68,086 | 23,139,027 | 0 | — | -23,139,027 |
| NAVIENT CORPORATION(JSM) | 1,699,514 | 0 | -1,699,514 | 23,963,147 | 0 | — | -23,963,147 |
| EQUITABLE HLDGS INC(Call) | 500,000 | 0 | -500,000 | 28,050,000 | 0 | — | -28,050,000 |
| EQUITABLE HLDGS INC(Put) | 750,000 | 0 | -750,000 | 42,075,000 | 0 | — | -42,075,000 |
| ALLSTATE CORP(ALL)(Call) | 210,600 | 0 | -210,600 | 42,395,886 | 0 | — | -42,395,886 |
| ISHARES TR(Put) | 450,000 | 200,000 | -250,000 | 97,105,500 | 48,392,000 | — | -48,713,500 |