Philadelphia Financial Management of San Francisco, LLC

CIK: 0001351407SEC EDGAR →

Portfolio Value

$932K

Holdings

56

As of

Q4 2025

New Positions

28

Closed Positions

25

Top 10 Holdings

RankStockSharesValue% of Portfolio
1
CRCLPut

CIRCLE INTERNET GROUP INC

1,335,000$106K
11.36%
2
COINPut

COINBASE GLOBAL INC

400,000$90K
9.71%
3
MIGAPut

STRATEGY INC

300,000$46K
4.89%
4
BMNRPut

BITMINE IMMERSION TECNOLOGIE

1,500,000$41K
4.37%
5
CRWVPut

COREWEAVE INC

550,000$39K
4.23%
6
AIGCall

AMERICAN INTL GROUP INC

449,661$38K
4.13%
7
IBITCall

ISHARES BITCOIN TRUST ETF

700,000$35K
3.73%
8

HCI GROUP INC

160,000$31K
3.29%
9

TARGET HOSPITALITY CORP

3,304,424$26K
2.84%
10

U S GOLD CORP

1,209,624$23K
2.52%

Quarterly Changes

Top Buys

MIGANEW
$46K
BMNRNEW
$41K
CRWVNEW
$39K
AIGNEW
$38K
COIN↑ Increased
$35K

Top Sells

IWMCLOSED
$48K
PLTRCLOSED
$36K
MPCLOSED
$33K
HOODCLOSED
$32K
FUTUCLOSED
$31K

New Positions (33)

$46K · 300K shares
$41K · 1.5M shares
$39K · 550K shares
$38K · 450K shares
$35K · 700K shares
$31K · 160K shares
$21K · 255K shares
$20K · 206K shares
$18K · 400K shares
$17K · 710K shares
$17K · 700K shares
$14K · 192K shares
$14K · 720K shares
$14K · 99K shares
$13K · 556K shares
$13K · 251K shares
$13K · 260K shares
$12K · 184K shares
$11K · 300K shares
$10K · 60K shares
$9K · 752K shares
$9K · 258K shares
$9K · 79K shares
$9K · 189K shares
$8K · 50K shares
$7K · 28K shares
$6K · 47K shares
$5K · 678K shares
$4K · 125K shares
$3K · 328K shares
$3K · 134K shares
$3K · 69K shares
$294 · 33K shares

Closed Positions (32)

$48K · 200K shares
$36K · 200K shares
$33K · 493K shares
$32K · 225K shares
$31K · 177K shares
$26K · 1.7M shares
$26K · 75K shares
$21K · 50K shares
$19K · 77K shares
$18K · 224K shares
$16K · 1.7M shares
$15K · 35K shares
$14K · 66K shares
$14K · 520K shares
$13K · 635K shares
$13K · 209K shares
$12K · 125K shares
$12K · 181K shares
$11K · 50K shares
$10K · 77K shares
$10K · 285K shares
$8K · 59K shares
$7K · 56K shares
$6K · 311K shares
$5K · 150K shares
$5K · 236K shares
$5K · 472K shares
$4K · 191K shares
$2K · 27K shares
$2K · 40K shares
$2K · 212K shares
$39 · 50K shares

Sector Breakdown

Sector# HoldingsValue%
Financial Services29$613K65.8%
Technology8$104K11.2%
Unknown4$67K7.2%
Consumer Cyclical5$52K5.6%
Industrials2$38K4.1%
Basic Materials2$37K3.9%
Real Estate2$12K1.3%
Utilities2$6K0.6%
Energy1$3K0.3%
Healthcare1$2940.0%