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Portfolio (Quarterly) Guide ↗

Philadelphia Financial Management of San Francisco, LLC

· CIK 0001351407
13F Portfolio $346M AUM 43 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 25 New 5 Added 12 Reduced 40 Exited
Page 1 of 2  ·  25 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 GS PUT GOLDMAN SACHS GROUP INC Financial Services 39,500.0 $33.4M 9.67% NEW $845.99 +17.0%
2 AXS AXIS CAP HLDGS LTD Financial Services 148,000.0 $15.0M 4.34% NEW $101.41 -1.9%
3 LNC LINCOLN NATL CORP IND Financial Services 285,000.0 $10.1M 2.93% NEW $35.50 +0.6%
4 PINNACLE FINL PARTNERS INC 115,664.0 $10.0M 2.88% NEW $86.14
5 OPLN OPENLANE INC Consumer Cyclical 321,800.0 $9.4M 2.71% NEW $29.15 +23.2%
6 AON AON PLC Financial Services 28,000.0 $9.0M 2.62% NEW $322.78 -0.7%
7 AER AERCAP HOLDINGS NV Industrials 64,253.0 $8.8M 2.55% NEW $137.18 +1.8%
8 BOH BANK HAWAII CORP Financial Services 117,700.0 $8.7M 2.53% NEW $74.25 +5.5%
9 EWBC EAST WEST BANCORP INC Financial Services 81,600.0 $8.7M 2.52% NEW $106.76 +16.3%
10 SF STIFEL FINL CORP Financial Services 113,348.0 $8.4M 2.42% NEW $73.92 -1.5%
11 CVCO CAVCO INDS INC DEL Consumer Cyclical 15,850.0 $7.7M 2.22% NEW $484.29 +8.6%
12 MA MASTERCARD INCORPORATED Financial Services 15,200.0 $7.6M 2.20% NEW $499.66 -1.1%
13 AX AXOS FINANCIAL INC Financial Services 88,200.0 $7.5M 2.17% NEW $85.09 +2.9%
14 AJG GALLAGHER ARTHUR J & CO Financial Services 33,000.0 $7.1M 2.07% NEW $216.58 -6.0%
15 CACC CREDIT ACCEP CORP MICH Financial Services 16,538.0 $7.0M 2.03% NEW $423.46 +30.5%
16 TFIN TRIUMPH FINANCIAL INC Financial Services 110,527.0 $6.6M 1.91% NEW $59.66 +15.3%
17 BPOP POPULAR INC Financial Services 48,500.0 $6.5M 1.88% NEW $134.17 +13.1%
18 BKV BKV CORP Energy 214,880.0 $6.1M 1.77% NEW $28.52 -3.8%
19 GLNG GOLAR LNG LTD Energy 109,400.0 $5.9M 1.71% NEW $54.11 -5.5%
20 JXN JACKSON FINANCIAL INC Financial Services 50,000.0 $5.3M 1.53% NEW $105.72 +0.3%
Page 1 of 2  ·  25 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 64.2%
Industrials 12.1%
Consumer Cyclical 9.0%
Energy 6.9%
Basic Materials 6.2%
Communication Services 1.6%
Utilities 0.1%