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Portfolio (Quarterly) Guide ↗

Philadelphia Financial Management of San Francisco, LLC

· CIK 0001351407
13F Portfolio $932M AUM Filed Feb 17, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 58 New
Page 3 of 3  ·  58 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 ARMOUR RESIDENTIAL REIT INC 434,709.0 $7.7M 0.82% NEW $17.69
42 COF CAPITAL ONE FINL CORP Financial Services 27,643.0 $6.7M 0.72% NEW $242.36 -23.2%
43 ONEW ONEWATER MARINE INC Consumer Cyclical 614,605.0 $6.7M 0.71% NEW $10.82 -2.3%
44 NNI NELNET INC Financial Services 46,910.0 $6.2M 0.67% NEW $132.96 -2.0%
45 COLB COLUMBIA BKG SYS INC Financial Services 215,468.0 $6.0M 0.65% NEW $27.95 +6.8%
46 PFSI PENNYMAC FINL SVCS INC NEW Financial Services 43,787.0 $5.8M 0.62% NEW $131.84 -34.7%
47 FRMI FERMI INC Utilities 677,866.0 $5.4M 0.58% NEW $8.00 -21.6%
48 BLSH BULLISH Technology 125,000.0 $4.7M 0.51% NEW $37.87 -7.7%
49 SUNS SUNRISE RLTY TR INC Real Estate 440,628.0 $4.2M 0.45% NEW $9.43 -10.7%
50 A2Z CUST2MATE SOLUTIONS CORP 625,352.0 $4.1M 0.44% NEW $6.51
51 NEPTUNE INS HLDGS INC 125,000.0 $3.6M 0.39% NEW $29.16
52 SOC SABLE OFFSHORE CORP Energy 328,081.0 $3.0M 0.32% NEW $9.02 +55.4%
53 LEGH LEGACY HOUSING CORP Consumer Cyclical 134,227.0 $2.6M 0.28% NEW $19.52 +18.3%
54 PAR PAR TECHNOLOGY CORP Technology 69,100.0 $2.5M 0.27% NEW $36.28 -59.8%
55 NODK NI HLDGS INC Financial Services 157,719.0 $2.1M 0.23% NEW $13.30 +4.7%
56 SKBL SKYLINE BLDRS GROUP HLDG LTD Industrials 608,753.0 $1.8M 0.19% NEW $2.94 +4.8%
57 TNGX TANGO THERAPEUTICS INC Healthcare 33,291.0 $295K 0.03% NEW $8.86 +126.8%
58 NFE NEW FORTRESS ENERGY INC Utilities 209,964.0 $239K 0.03% NEW $1.14 -45.3%
Page 3 of 3  ·  58 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 64.6%
Consumer Cyclical 12.7%
Industrials 9.7%
Basic Materials 5.7%
Technology 4.0%
Utilities 1.4%
Real Estate 1.0%
Energy 0.7%
Healthcare 0.1%