Philadelphia Financial Management of San Francisco, LLC
Philadelphia Financial Management of San Francisco, LLC reported 43 US-listed holdings worth $364.7 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: U S Gold Corp. (4.8%), Willis Lease Fin Corp. (4.6%) and Hartford Insurance Group, Inc. (4.3%). Against the quarter before, it opened 30 positions, added to 7, trimmed 5 and sold out of 29.
The 14 largest of its 43 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +15.6% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 30
- Willis Lease Fin Corp. WLFC$16.6 million
- Hartford Insurance Group, Inc. HIG$15.7 million
- CoreCivic, Inc. CXW$14.6 million
- Ftai Aviation Ltd FTAI$14.5 million
- GEO Group Inc. GEO$14.3 million
- LGI Homes, Inc. LGIH$11.2 million
- Chubb Ltd. CB$10.3 million
- Equitable Holdings, Inc. EQH$9.9 million
and 22 more in the table below
Added to 7
- Asp Isotopes Inc. ASPI+694,666 shares · +107%
- Arthur J. Gallagher & Co. AJG+16,500 shares · +50%
- U S Gold Corp. USAU+175,754 shares · +18%
- Skyline Bldrs Group Hldg Ltd KAZR+377,184 shares · +57%
- Legacy Housing Corp. LEGH+39,262 shares · +9%
- American International Group, Inc. AIG+11,449 shares · +7%
- Hamilton Insurance Group Ltd HG+11,157 shares · +5%
Trimmed 5
- Axis Cap Hldgs Ltd AXS-48,436 shares · -33%
- Cavco Industries, Inc. CVCO-7,040 shares · -44%
- Triumph Financial, Inc. TFIN-28,746 shares · -26%
- Customers Bancorp, Inc. CUBI-11,957 shares · -10%
- Gatx Corp. GATX-311 shares · -1%
Sold out of 29
- Target Hospitality Corp. TH$15.0 million last quarter
- HCI Group, Inc. HCI$14.8 million last quarter
- Bread Financial Holdings, Inc. BFH$12.9 million last quarter
- Lincoln National Corp. LNC$10.1 million last quarter
- Pinnacle Financial Partners, Inc. PNFP$10.0 million last quarter
- Ezcorp Inc. EZPW$9.4 million last quarter
- Openlane, Inc. OPLN$9.4 million last quarter
- Aon plc AON$9.0 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| U S Gold Corp. USAU | 1.1M | $17.6 million | 4.82% | +175.8K |
| Willis Lease Fin Corp. WLFC | 72.8K | $16.6 million | 4.57% | new |
| Hartford Insurance Group, Inc. HIG | 118.7K | $15.7 million | 4.31% | new |
| CoreCivic, Inc. CXW | 479.2K | $14.6 million | 3.99% | new |
| Ftai Aviation Ltd FTAI | 53.4K | $14.5 million | 3.96% | new |
| GEO Group Inc. GEO | 484.1K | $14.3 million | 3.92% | new |
| American International Group, Inc. AIG | 176.4K | $13.2 million | 3.61% | +11.4K |
| Legacy Housing Corp. LEGH | 454.4K | $11.9 million | 3.27% | +39.3K |
| Arthur J. Gallagher & Co. AJG | 49.5K | $11.4 million | 3.12% | +16.5K |
| LGI Homes, Inc. LGIH | 175.2K | $11.2 million | 3.06% | new |
| Axis Cap Hldgs Ltd AXS | 99.6K | $10.7 million | 2.93% | -48.4K |
| Chubb Ltd. CB | 30.3K | $10.3 million | 2.83% | new |
| Equitable Holdings, Inc. EQH | 226.0K | $9.9 million | 2.72% | new |
| Wabash Natl Corp. WNC | 726.8K | $9.8 million | 2.69% | new |
| Atlanticus Holdings Corp. ATLC | 89.6K | $9.2 million | 2.51% | new |
| Gatx Corp. GATX | 50.5K | $8.9 million | 2.45% | -311 |
| Customers Bancorp, Inc. CUBI | 112.1K | $8.9 million | 2.43% | -12.0K |
| Fair Isaac Corp. FICO | 7.3K | $8.8 million | 2.40% | new |
| Asp Isotopes Inc. ASPI | 1.3M | $8.4 million | 2.29% | +694.7K |
| Miami Intl Hldgs Inc. MIAX | 223.7K | $8.3 million | 2.28% | new |
| FirstCash Holdings, Inc. FCFS | 37.1K | $8.0 million | 2.20% | new |
| Hamilton Insurance Group Ltd HG | 234.4K | $8.0 million | 2.18% | +11.2K |
| State Street Corp. STT | 46.5K | $7.9 million | 2.16% | new |
| Ares Management Corp. ARES | 70.5K | $7.8 million | 2.15% | new |
| Paypay Corp. PAYP | 515.1K | $7.4 million | 2.02% | new |
| Evercore Inc. EVR | 21.2K | $7.2 million | 1.98% | new |
| Figure Technology Solutio FIGR | 233.9K | $7.2 million | 1.97% | new |
| Mercury General Corp. MCY | 63.2K | $6.7 million | 1.85% | new |
| Hanover Insurance Group, Inc. THG | 31.0K | $6.6 million | 1.82% | new |
| Champion Homes, Inc. SKY | 71.1K | $6.3 million | 1.72% | new |
| Triumph Financial, Inc. TFIN | 81.8K | $6.2 million | 1.71% | -28.7K |
| Jefferson Capital Inc. JCAP | 316.9K | $6.2 million | 1.69% | new |
| Morgan Stanley MS | 28.4K | $5.9 million | 1.63% | new |
| Enova International, Inc. ENVA | 24.4K | $5.9 million | 1.61% | new |
| Barclays plc BCS | 207.0K | $5.6 million | 1.52% | new |
| Webull Corp. BULL | 850.5K | $5.5 million | 1.52% | new |
| Cavco Industries, Inc. CVCO | 8.8K | $5.4 million | 1.48% | -7.0K |
| Cameco Corp. CCJ | 45.3K | $4.6 million | 1.27% | new |
| Fermi Inc. Com FRMI | 425.0K | $3.9 million | 1.07% | new |
| Acv Auctions Inc. ACVA | 511.9K | $3.7 million | 1.01% | new |
| Skyline Bldrs Group Hldg Ltd KAZR | 1.0M | $3.2 million | 0.88% | +377.2K |
| Dominari Holdings Inc. DOMH | 358.2K | $1.1 million | 0.31% | new |
| New Fortress Energy Inc. NFE | 600.0K | $217,860 | 0.06% | no change |
Read more
Change is shares against its 13F for the quarter before; the 29 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| iShares Russell 2000 ETF IWM | Puts | 250.0K | $75.1 million |
| SPDR S&P 500 SPY | Puts | 75.0K | $56.0 million |
2 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.