Q2 2025 · 13F-HR
Philadelphia Financial Management of San Francisco, LLCholdings as filed
Filed 2025-08-14 · accession 0001214659-25-012226
$850.8M
Reported value
58
Positions
2025-06-30
Period end
The Brief · Philadelphia Financial Management of San Francisco, LLC · Q2 2025
AI · grounded in 13F
Philadelphia Financial Management of San Francisco, LLC established a new position in IWM valued at $97.1M. The fund also initiated new stakes in EQH for $70.1M and ALL for $61.3M. Additional new positions include EG, COIN, and HOOD.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464287655 | IWM | ISHARES TR | $97.1M | 11.4% | 450,000 | PUT | SOLE |
| 020002101 | ALL | ALLSTATE CORP | $42.4M | 4.98% | 210,600 | CALL | SOLE |
| 29452E101 | EQH | EQUITABLE HLDGS INC | $42.1M | 4.95% | 750,000 | PUT | SOLE |
| 19260Q107 | COIN | COINBASE GLOBAL INC | $35.0M | 4.12% | 100,000 | PUT | SOLE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $28.3M | 3.33% | 40,000 | PUT | SOLE |
| 29452E101 | EQH | EQUITABLE HLDGS INC | $28.1M | 3.30% | 500,000 | CALL | SOLE |
| G3223R108 | EG | EVEREST GROUP LTD | $25.5M | 3.00% | 75,000 | CALL | SOLE |
| 63938C108 | NAVI | NAVIENT CORPORATION | $24.0M | 2.82% | 1,699,514 | Common | SOLE |
| G3223R108 | EG | EVEREST GROUP LTD | $23.1M | 2.72% | 68,086 | Common | SOLE |
| 591774104 | MCB | METROPOLITAN BK HLDG CORP | $21.8M | 2.57% | 311,781 | Common | SOLE |
| 43785V102 | MCHB | HOMESTREET INC | $20.2M | 2.37% | 1,545,583 | Common | SOLE |
| 00218A105 | ASPI | ASP ISOTOPES INC | $19.7M | 2.31% | 2,670,211 | Common | SOLE |
| 020002101 | ALL | ALLSTATE CORP | $18.9M | 2.22% | 93,909 | Common | SOLE |
| 888787108 | TOST | TOAST INC | $18.6M | 2.19% | 420,000 | PUT | SOLE |
| G7496G103 | RNR | RENAISSANCERE HLDGS LTD | $18.0M | 2.12% | 74,200 | CALL | SOLE |
| 770700102 | HOOD | ROBINHOOD MKTS INC | $17.8M | 2.09% | 190,000 | PUT | SOLE |
| G05384501 | 8ZV | ASPEN INSURANCE HOLDINGS LTD | $16.1M | 1.89% | 512,073 | Common | SOLE |
| 21871N101 | CXW | CORECIVIC INC | $16.0M | 1.88% | 757,500 | Common | SOLE |
| 23204G100 | CUBI | CUSTOMERS BANCORP INC | $15.8M | 1.86% | 269,491 | Common | SOLE |
| 78442P106 | SLM | SLM CORP | $15.3M | 1.80% | 468,012 | Common | SOLE |
| 852234103 | XYZ | BLOCK INC | $15.3M | 1.79% | 224,699 | Common | SOLE |
| 361448103 | GATX | GATX CORP | $14.8M | 1.74% | 96,174 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $14.6M | 1.71% | 608,775 | Common | SOLE |
| 87615L107 | TH | TARGET HOSPITALITY CORP | $14.3M | 1.68% | 2,010,780 | Common | SOLE |
| 770700102 | HOOD | ROBINHOOD MKTS INC | $14.0M | 1.65% | 150,000 | CALL | SOLE |
| 553368101 | MP | MP MATERIALS CORP | $13.0M | 1.53% | 390,000 | CALL | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $12.2M | 1.44% | 57,548 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $11.5M | 1.36% | 100,000 | PUT | SOLE |
| 002205102 | AZ | A2Z CUST2MATE SOLUTIONS CORP | $10.8M | 1.27% | 1,024,735 | Common | SOLE |
| G3398L118 | PLGO | FIDELIS INSURANCE HOLDINGS L | $10.6M | 1.25% | 639,293 | Common | SOLE |
| 68280L101 | ONEW | ONEWATER MARINE INC | $10.5M | 1.24% | 787,475 | Common | SOLE |
| 916896103 | UEC | URANIUM ENERGY CORP | $9.9M | 1.17% | 1,460,036 | Common | SOLE |
| G0585R106 | AGO | ASSURED GUARANTY LTD | $9.8M | 1.15% | 112,306 | Common | SOLE |
| 44916E100 | IPX | IPERIONX LTD | $9.4M | 1.10% | 297,053 | Common | SOLE |
| G7496G103 | RNR | RENAISSANCERE HLDGS LTD | $9.0M | 1.06% | 37,254 | Common | SOLE |
| 553368101 | MP | MP MATERIALS CORP | $8.8M | 1.04% | 265,345 | Common | SOLE |
| 745867101 | PHM | PULTE GROUP INC | $8.7M | 1.02% | 82,191 | Common | SOLE |
| 90291C201 | USAU | U S GOLD CORP | $8.4M | 0.99% | 688,161 | Common | SOLE |
| 852066208 | SII | SPROTT INC | $8.1M | 0.95% | 117,546 | Common | SOLE |
| 06738E204 | BCS | BARCLAYS PLC | $7.6M | 0.89% | 409,211 | Common | SOLE |
| 40416E103 | HCI | HCI GROUP INC | $6.6M | 0.77% | 43,242 | Common | SOLE |
| 867981102 | SUNS | SUNRISE RLTY TR INC | $6.5M | 0.76% | 609,844 | Common | SOLE |
| G4809J106 | IGIC | INTL GNRL INSURANCE HLDNGS L | $6.3M | 0.75% | 264,240 | Common | SOLE |
| 172573107 | CRCL | CIRCLE INTERNET GROUP INC | $6.3M | 0.75% | 35,000 | Common | SOLE |
| 410867105 | THG | HANOVER INS GROUP INC | $6.2M | 0.73% | 36,766 | Common | SOLE |
| 10240L102 | BOW | BOWHEAD SPECIALTY HLDGS INC | $6.1M | 0.72% | 162,189 | Common | SOLE |
| 55305B101 | MHO | M/I HOMES INC | $6.1M | 0.71% | 54,168 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $5.7M | 0.67% | 19,672 | Common | SOLE |
| 172573107 | CRCL | CIRCLE INTERNET GROUP INC | $5.4M | 0.64% | 30,000 | PUT | SOLE |
| 87724P106 | TMHC | TAYLOR MORRISON HOME CORP | $5.3M | 0.63% | 86,600 | Common | SOLE |
| G42706104 | HG | HAMILTON INSURANCE GROUP LTD | $5.1M | 0.60% | 236,739 | Common | SOLE |
| 00181T107 | GOLD | A-MARK PRECIOUS METALS INC | $4.2M | 0.49% | 188,962 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $3.9M | 0.46% | 231,400 | Common | SOLE |
| 35953C106 | FIP | FTAI INFRASTRUCTURE INC | $3.6M | 0.42% | 575,417 | Common | SOLE |
| 83406F102 | SOFI | SOFI TECHNOLOGIES INC | $2.7M | 0.32% | 150,000 | PUT | SOLE |
| 433539202 | HIPO | HIPPO HLDGS INC | $2.1M | 0.25% | 76,618 | Common | SOLE |
| 65342T106 | NODK | NI HLDGS INC | $1.9M | 0.23% | 150,319 | Common | SOLE |
| 644393100 | NFE | NEW FORTRESS ENERGY INC | $1.3M | 0.16% | 400,228 | 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.