Philadelphia Financial Management of San Francisco, LLC Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$850.8B

Holdings

51

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (51 positions)

#StockSharesValue% PortfolioType
1
IWMISHARES TR
450,000$97.1B11.41%Put
2
EQHEQUITABLE HLDGS INC
1,250,000$70.1B8.24%Put
3
ALSALLSTATE CORP
304,509$61.3B7.21%Call
4
REEVEREST GROUP LTD
143,086$48.6B5.72%Call
5
COINCOINBASE GLOBAL INC
100,000$35.0B4.12%Put
6
HOODROBINHOOD MKTS INC
340,000$31.8B3.74%Put
7
GSGOLDMAN SACHS GROUP INC
40,000$28.3B3.33%Put
8
RNRRENAISSANCERE HLDGS LTD
111,454$27.1B3.18%Call
9
NAVINAVIENT CORPORATION
1,699,514$24.0B2.82%
10
MCBMETROPOLITAN BK HLDG CORP
311,781$21.8B2.57%
11
MPMP MATERIALS CORP
655,345$21.8B2.56%Call
12
MCHBHOMESTREET INC
1,545,583$20.2B2.37%
13
ASPIASP ISOTOPES INC
2,670,211$19.7B2.31%
14
TOSTTOAST INC
420,000$18.6B2.19%Put
15
AHLASPEN INSURANCE HOLDINGS LTD
512,073$16.1B1.89%
16
CXWCORECIVIC INC
757,500$16.0B1.88%
17
CUBICUSTOMERS BANCORP INC
269,491$15.8B1.86%
18
SLMSLM CORP
468,012$15.3B1.80%
19
XYZBLOCK INC
224,699$15.3B1.79%
20
GATXGATX CORP
96,174$14.8B1.74%
21
GEGGEO GROUP INC NEW
608,775$14.6B1.71%
22
THTARGET HOSPITALITY CORP
2,010,780$14.3B1.68%
23
COFCAPITAL ONE FINL CORP
57,548$12.2B1.44%
24
CRCLCIRCLE INTERNET GROUP INC
65,000$11.8B1.39%Put
25
SHOPSHOPIFY INC
100,000$11.5B1.36%Put
26
AZA2Z CUST2MATE SOLUTIONS CORP
1,024,735$10.8B1.27%
27
FIHLFIDELIS INSURANCE HOLDINGS L
639,293$10.6B1.25%
28
ONEWONEWATER MARINE INC
787,475$10.5B1.24%
29
U6ZURANIUM ENERGY CORP
1,460,036$9.9B1.17%
30
AGOASSURED GUARANTY LTD
112,306$9.8B1.15%
31
IPXIPERIONX LTD
297,053$9.4B1.10%
32
PHMPULTE GROUP INC
82,191$8.7B1.02%
33
USAUU S GOLD CORP
688,161$8.4B0.99%
34
SIISPROTT INC
117,546$8.1B0.95%
35
BCSBARCLAYS PLC
409,211$7.6B0.89%
36
HCIHCI GROUP INC
43,242$6.6B0.77%
37
SUNSSUNRISE RLTY TR INC
609,844$6.5B0.76%
38
IGICINTL GNRL INSURANCE HLDNGS L
264,240$6.3B0.75%
39
THGHANOVER INS GROUP INC
36,766$6.2B0.73%
40
BOWBOWHEAD SPECIALTY HLDGS INC
162,189$6.1B0.72%
41
MHOM/I HOMES INC
54,168$6.1B0.71%
42
JPMJPMORGAN CHASE & CO.
19,672$5.7B0.67%
43
TMHCTAYLOR MORRISON HOME CORP
86,600$5.3B0.63%
44
HGHAMILTON INSURANCE GROUP LTD
236,739$5.1B0.60%
45
GOLDA-MARK PRECIOUS METALS INC
188,962$4.2B0.49%
46
CORZCORE SCIENTIFIC INC NEW
231,400$3.9B0.46%
47
FIPFTAI INFRASTRUCTURE INC
575,417$3.6B0.42%
48
SOFISOFI TECHNOLOGIES INC
150,000$2.7B0.32%Put
49
HIPOHIPPO HLDGS INC
76,618$2.1B0.25%
50
NODKNI HLDGS INC
150,319$1.9B0.23%
51
NFENEW FORTRESS ENERGY INC
400,228$1.3B0.16%