Philadelphia Financial Management of San Francisco, LLC
CIK: 0001351407Latest portfolio: $931.8M · Q4 2025
Holdings
56
Total Value
$931.8M
New Positions
29
Closed Positions
28
Top Holdings
View All 56 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | CRCLCIRCLE INTERNET GROUP INC | 1,335,000 | $105.9M | 11.36% | +770K | Put |
| 2 | COINCOINBASE GLOBAL INC | 400,000 | $90.5M | 9.71% | +235K | Put |
| 3 | MIGASTRATEGY INC | 300,000 | $45.6M | 4.89% | NEW | Put |
| 4 | BMNRBITMINE IMMERSION TECNOLOGIE | 1,500,000 | $40.7M | 4.37% | NEW | Put |
| 5 | CRWVCOREWEAVE INC | 550,000 | $39.4M | 4.23% | NEW | Put |
| 6 | AIGAMERICAN INTL GROUP INC | 449,661 | $38.5M | 4.13% | NEW | Call |
| 7 | IBITISHARES BITCOIN TRUST ETF | 700,000 | $34.8M | 3.73% | NEW | Call |
| 8 | HCIHCI GROUP INC | 160,000 | $30.7M | 3.29% | NEW | |
| 9 | THTARGET HOSPITALITY CORP | 3,304,424 | $26.5M | 2.84% | +807K | |
| 10 | USAUU S GOLD CORP | 1,209,624 | $23.5M | 2.52% | +352K | |
| 11 | GMGENERAL MTRS CO | 254,590 | $20.7M | 2.22% | NEW | |
| 12 | PNFPPINNACLE FINL PARTNERS INC | 206,171 | $19.7M | 2.11% | NEW | |
| 13 | MCHBMECHANICS BANCORP | 1,319,486 | $19.3M | 2.07% | -184,238 | |
| 14 | HUTHUT 8 CORP | 400,000 | $18.4M | 1.97% | NEW | Put |
| 15 | XZOEXZEO GROUP INC | 710,000 | $17.2M | 1.85% | NEW | |
| 16 | APLDAPPLIED DIGITAL CORP | 700,000 | $17.2M | 1.84% | NEW | Put |
| 17 | DBDEUTSCHE BANK A G | 436,262 | $16.8M | 1.81% | +20K | |
| 18 | BLSHBULLISH | 425,000 | $16.1M | 1.73% | +288K | Put |
| 19 | BFHBREAD FINANCIAL HOLDINGS INC | 191,939 | $14.2M | 1.52% | NEW | |
| 20 | EZPWEZCORP INC | 719,529 | $14.0M | 1.50% | NEW | |
| 21 | HGHAMILTON INSURANCE GROUP LTD | 495,283 | $13.8M | 1.48% | -89,563 | |
| 22 | HIGHARTFORD INSURANCE GROUP INC | 99,471 | $13.7M | 1.47% | NEW | |
| 23 | BWINTHE BALDWIN INSURANCE GRP IN | 556,299 | $13.4M | 1.43% | NEW | |
| 24 | T77LENDINGTREE INC NEW | 251,459 | $13.3M | 1.43% | NEW | |
| 25 | MPMP MATERIALS CORP | 260,000 | $13.1M | 1.41% | NEW | Call |
Quarterly Changes
New Positions
Increased Positions
Sector Breakdown
Financial Services0.0% ($1.0586590456407254e+127T)
Technology0.0% ($3.938517164160942e+26T)
Consumer Cyclical0.0% ($2070313133917.1T)
Unknown0.0% ($455851335.0T)
Industrials0.0% ($2.6T)
Basic Materials0.0% ($2.3T)
Real Estate0.0% ($76.9B)
Utilities0.0% ($5.4B)
Energy0.0% ($3.0M)
Healthcare0.0% ($294K)
Filing History
Fund Information
Philadelphia Financial Management of San Francisco, LLC is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $931.8M across 56 holdings. The largest position is CIRCLE INTERNET GROUP INC (CRCL), representing 11.4% of the portfolio. Compared to the previous quarter, the fund opened 33 new positions and closed 32 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.