Q4 2023 · 13F-HR
Philadelphia Financial Management of San Francisco, LLCholdings as filed
Filed 2024-02-14 · accession 0001214659-24-002832
$565.3M
Reported value
35
Positions
2023-12-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $127.8M | 22.6% | 3,400,000 | PUT | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $37.9M | 6.71% | 3,503,170 | Common | SOLE |
| G0585R106 | AGO | ASSURED GUARANTY LTD | $34.1M | 6.03% | 455,722 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $21.2M | 3.74% | 3,021,757 | Common | SOLE |
| 78442P106 | SLM | SLM CORP | $21.1M | 3.73% | 1,104,243 | Common | SOLE |
| G7496G103 | RNR | RENAISSANCERE HLDGS LTD | $20.6M | 3.64% | 105,019 | Common | SOLE |
| 21871N101 | CXW | CORECIVIC INC | $20.3M | 3.60% | 1,400,520 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $20.1M | 3.55% | 100,000 | PUT | SOLE |
| 852066208 | SII | SPROTT INC | $19.0M | 3.35% | 558,555 | Common | SOLE |
| G3223R108 | EG | EVEREST GROUP LTD | $16.4M | 2.91% | 46,480 | Common | SOLE |
| 606822104 | MUFG | MITSUBISHI UFJ FINL GROUP IN | $16.2M | 2.86% | 1,877,079 | Common | SOLE |
| 78464A698 | KRE | SPDR SER TR | $13.1M | 2.32% | 250,000 | PUT | SOLE |
| 488401100 | KMPR | KEMPER CORP | $12.4M | 2.20% | 254,981 | Common | SOLE |
| 40416E103 | HCI | HCI GROUP INC | $12.4M | 2.19% | 141,814 | Common | SOLE |
| 03769M106 | APO | APOLLO GLOBAL MGMT INC | $12.1M | 2.13% | 129,358 | Common | SOLE |
| 23204G100 | CUBI | CUSTOMERS BANCORP INC | $11.7M | 2.07% | 203,181 | Common | SOLE |
| H42097107 | UBS | UBS GROUP AG | $11.5M | 2.04% | 373,078 | Common | SOLE |
| 020002101 | ALL | ALLSTATE CORP | $10.6M | 1.87% | 75,503 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $10.5M | 1.85% | 126,330 | Common | SOLE |
| G42706104 | HG | HAMILTON INSURANCE GROUP LTD | $10.4M | 1.84% | 694,676 | Common | SOLE |
| N00985106 | AER | AERCAP HOLDINGS NV | $10.0M | 1.77% | 134,712 | Common | SOLE |
| 916896103 | UEC | URANIUM ENERGY CORP | $9.0M | 1.59% | 1,408,373 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $9.0M | 1.59% | 208,153 | Common | SOLE |
| 743315103 | PGR | PROGRESSIVE CORP | $9.0M | 1.59% | 56,289 | Common | SOLE |
| 33768G107 | FCFS | FIRSTCASH HOLDINGS INC | $8.9M | 1.57% | 81,964 | Common | SOLE |
| 10806B100 | 53S | BRIDGE INVT GROUP HLDGS INC | $7.8M | 1.38% | 795,272 | Common | SOLE |
| 76009N100 | UPBD | UPBOUND GROUP INC | $7.6M | 1.35% | 223,947 | Common | SOLE |
| 55262C100 | MBI | MBIA INC | $7.6M | 1.34% | 1,239,581 | Common | SOLE |
| 70932M107 | PFSI | PENNYMAC FINL SVCS INC NEW | $7.1M | 1.25% | 79,951 | Common | SOLE |
| 64031N108 | NNI | NELNET INC | $7.0M | 1.24% | 79,169 | Common | SOLE |
| 888787108 | TOST | TOAST INC | $5.6M | 1.00% | 308,444 | Common | SOLE |
| 69753M105 | PLMR | PALOMAR HLDGS INC | $5.2M | 0.92% | 93,339 | Common | SOLE |
| 03990B101 | ARES | ARES MANAGEMENT CORPORATION | $5.2M | 0.91% | 43,403 | Common | SOLE |
| 852234103 | XYZ | BLOCK INC | $5.0M | 0.89% | 64,910 | Common | SOLE |
| 32026V104 | FFWM | FIRST FNDTN INC | $2.1M | 0.37% | 218,168 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.