Philadelphia Financial Management of San Francisco, LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Philadelphia Financial Management of San Francisco, LLC disclosed 45 US equity positions worth $499.2m in its Q3 2025 13F filing. The largest position was PFSI at 5.7% of the reported book, followed by SLDE and TH. Against the Q2 2025 filing, it opened 26 new positions, added to 8 and reduced 11 among the top 45 holdings.
What did Philadelphia Financial Management of San Francisco, LLC own in Q3 2025? Top 45 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | PFSI PENNYMAC FINL SVCS INC NEW | Financial Services | 5.7% | $28.2m | 227,772 | – | new |
| 2 | SLDE SLIDE INS HLDGS INC | 5.3% | $26.4m | 1,674,429 | – | new | |
| 3 | TH TARGET HOSPITALITY CORP | Industrials | 4.2% | $21.2m | 2,497,669 | 24% | added |
| 4 | MCHB MECHANICS BANCORP | Financial Services | 4.0% | $20.0m | 1,503,724 | -3% | reduced |
| 5 | PGR PROGRESSIVE CORP | Financial Services | 3.8% | $19.1m | 77,239 | – | new |
| 6 | SIGI SELECTIVE INS GROUP INC | Financial Services | 3.6% | $18.2m | 223,959 | – | new |
| 7 | HOOD ROBINHOOD MKTS INC | Financial Services | 3.6% | $17.9m | 125,000 | – | new |
| 8 | CUBI CUSTOMERS BANCORP INC | Financial Services | 3.5% | $17.4m | 265,645 | -1% | reduced |
| 9 | ASPI ASP ISOTOPES INC | 3.2% | $16.0m | 1,661,494 | -38% | reduced | |
| 10 | FUTU FUTU HLDGS LTD | Financial Services | 3.2% | $15.9m | 91,610 | – | new |
| 11 | MP MP MATERIALS CORP | Basic Materials | 3.0% | $15.0m | 223,062 | -16% | reduced |
| 12 | AZ A2Z CUST2MATE SOLUTIONS CORP | 3.0% | $14.9m | 1,861,046 | 82% | added | |
| 13 | DEUTSCHE BANK A G | 3.0% | $14.7m | 415,962 | – | new | |
| 14 | SKY CHAMPION HOMES INC | Consumer Cyclical | 2.9% | $14.5m | 190,241 | – | new |
| 15 | HG HAMILTON INSURANCE GROUP LTD | Financial Services | 2.9% | $14.5m | 584,846 | 147% | added |
| 16 | ONEW ONEWATER MARINE INC | 2.9% | $14.2m | 899,324 | 14% | added | |
| 17 | USAU U S GOLD CORP | 2.8% | $14.1m | 857,708 | 25% | added | |
| 18 | ALL ALLSTATE CORP | Financial Services | 2.8% | $14.1m | 65,631 | -30% | reduced |
| 19 | BOW BOWHEAD SPECIALTY HLDGS INC | Financial Services | 2.8% | $14.1m | 519,833 | 221% | added |
| 20 | CXW CORECIVIC INC | Industrials | 2.6% | $12.9m | 634,996 | -16% | reduced |
| 21 | FNF FIDELITY NATIONAL FINANCIAL | Financial Services | 2.5% | $12.6m | 208,824 | – | new |
| 22 | AXIS CAP HLDGS LTD | 2.4% | $11.9m | 124,588 | – | new | |
| 23 | JEF JEFFERIES FINL GROUP INC | Financial Services | 2.4% | $11.9m | 181,444 | – | new |
| 24 | GATX GATX CORP | Industrials | 2.2% | $11.0m | 62,752 | -35% | reduced |
| 25 | ARMOUR RESIDENTIAL REIT INC | 2.1% | $10.7m | 716,000 | – | new | |
| 26 | BPOP POPULAR INC | Financial Services | 1.9% | $9.7m | 76,564 | – | new |
| 27 | TPG TPG INC | Financial Services | 1.8% | $9.1m | 159,000 | – | new |
| 28 | AFG AMERICAN FINL GROUP INC OHIO | Financial Services | 1.8% | $9.0m | 61,740 | – | new |
| 29 | COLB COLUMBIA BKG SYS INC | Financial Services | 1.8% | $8.8m | 341,959 | – | new |
| 30 | MHO M/I HOMES INC | Consumer Cyclical | 1.7% | $8.5m | 58,618 | 8% | added |
| 31 | PLMR PALOMAR HLDGS INC | Financial Services | 1.3% | $6.5m | 55,885 | – | new |
| 32 | BCS BARCLAYS PLC | Financial Services | 1.3% | $6.4m | 310,571 | -24% | reduced |
| 33 | FIGR FIGURE TECHNOLOGY SOLUTIO | Financial Services | 1.1% | $5.5m | 150,000 | – | new |
| 34 | EVER EVERQUOTE INC | Communication Services | 1.1% | $5.4m | 236,077 | – | new |
| 35 | SUNS SUNRISE RLTY TR INC | 1.0% | $5.1m | 491,077 | -19% | reduced | |
| 36 | DYNAMIX CORP | 1.0% | $4.9m | 472,389 | – | new | |
| 37 | KKR KKR & CO INC | Financial Services | 0.9% | $4.4m | 33,900 | – | new |
| 38 | AII AMERICAN INTEGRITY INS GROUP | 0.9% | $4.3m | 191,273 | – | new | |
| 39 | SII SPROTT INC | Financial Services | 0.4% | $2.2m | 26,921 | -77% | reduced |
| 40 | CYTK CYTOKINETICS INC | Healthcare | 0.4% | $2.2m | 39,523 | – | new |
| 41 | NODK NI HLDGS INC | 0.4% | $2.1m | 152,719 | 2% | added | |
| 42 | MBI MBIA INC | Financial Services | 0.3% | $1.6m | 211,534 | – | new |
| 43 | BLSH BULLISH | 0.2% | $1.1m | 17,500 | – | new | |
| 44 | NFE NEW FORTRESS ENERGY INC | Energy | 0.2% | $795.4k | 359,925 | -10% | reduced |
| 45 | SKYLINE BLDRS GROUP HLDG LTD | 0.0% | $221.6k | 64,800 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.