Philadelphia Financial Management of San Francisco, LLC Q3 2025 Filing
Filed November 14, 2025
Portfolio Value
$892.4B
Holdings
55
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (55 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | CRCLCIRCLE INTERNET GROUP INC | 565,000 | $74.9B | 8.39% | Put |
| 2 | COINCOINBASE GLOBAL INC | 165,000 | $55.7B | 6.24% | Put |
| 3 | IWMISHARES TR | 200,000 | $48.4B | 5.42% | Put |
| 4 | GSGOLDMAN SACHS GROUP INC | 50,000 | $39.8B | 4.46% | Put |
| 5 | PLTRPALANTIR TECHNOLOGIES INC | 200,000 | $36.5B | 4.09% | Put |
| 6 | MPMP MATERIALS CORP | 493,062 | $33.1B | 3.71% | Put |
| 7 | HOODROBINHOOD MKTS INC | 225,000 | $32.2B | 3.61% | Put |
| 8 | FUTUFUTU HLDGS LTD | 176,610 | $30.7B | 3.44% | Put |
| 9 | PFSIPENNYMAC FINL SVCS INC NEW | 227,772 | $28.2B | 3.16% | |
| 10 | SLDESLIDE INS HLDGS INC | 1,674,429 | $26.4B | 2.96% | |
| 11 | REEVEREST GROUP LTD | 75,000 | $26.3B | 2.94% | Call |
| 12 | TLNTALEN ENERGY CORP | 50,000 | $21.3B | 2.38% | Put |
| 13 | THTARGET HOSPITALITY CORP | 2,497,669 | $21.2B | 2.37% | |
| 14 | MCHBMECHANICS BANCORP | 1,503,724 | $20.0B | 2.24% | |
| 15 | PGRPROGRESSIVE CORP | 77,239 | $19.1B | 2.14% | |
| 16 | SIGISELECTIVE INS GROUP INC | 223,959 | $18.2B | 2.03% | |
| 17 | CUBICUSTOMERS BANCORP INC | 265,645 | $17.4B | 1.95% | |
| 18 | ASPIASP ISOTOPES INC | 1,661,494 | $16.0B | 1.79% | |
| 19 | GPIGROUP 1 AUTOMOTIVE INC | 35,000 | $15.3B | 1.72% | Put |
| 20 | AZA2Z CUST2MATE SOLUTIONS CORP | 1,861,046 | $14.9B | 1.67% | |
| 21 | DBDEUTSCHE BANK A G | 415,962 | $14.7B | 1.65% | |
| 22 | SKYCHAMPION HOMES INC | 190,241 | $14.5B | 1.63% | |
| 23 | HGHAMILTON INSURANCE GROUP LTD | 584,846 | $14.5B | 1.63% | |
| 24 | ONEWONEWATER MARINE INC | 899,324 | $14.2B | 1.60% | |
| 25 | USAUU S GOLD CORP | 857,708 | $14.1B | 1.58% | |
| 26 | ALSALLSTATE CORP | 65,631 | $14.1B | 1.58% | |
| 27 | BOWBOWHEAD SPECIALTY HLDGS INC | 519,833 | $14.1B | 1.58% | |
| 28 | CXWCORECIVIC INC | 634,996 | $12.9B | 1.45% | |
| 29 | FNFFIDELITY NATIONAL FINANCIAL | 208,824 | $12.6B | 1.42% | |
| 30 | AXSAXIS CAP HLDGS LTD | 124,588 | $11.9B | 1.34% | |
| 31 | JEFJEFFERIES FINL GROUP INC | 181,444 | $11.9B | 1.33% | |
| 32 | GATXGATX CORP | 62,752 | $11.0B | 1.23% | |
| 33 | ARRARMOUR RESIDENTIAL REIT INC | 716,000 | $10.7B | 1.20% | |
| 34 | COFCAPITAL ONE FINL CORP | 50,000 | $10.6B | 1.19% | Put |
| 35 | BPOPPOPULAR INC | 76,564 | $9.7B | 1.09% | |
| 36 | GLXYGALAXY DIGITAL INC. | 285,000 | $9.6B | 1.08% | Put |
| 37 | TPGTPG INC | 159,000 | $9.1B | 1.02% | |
| 38 | AFGAMERICAN FINL GROUP INC OHIO | 61,740 | $9.0B | 1.01% | |
| 39 | COLBCOLUMBIA BKG SYS INC | 341,959 | $8.8B | 0.99% | |
| 40 | BLSHBULLISH | 137,500 | $8.7B | 0.98% | Put |
| 41 | MHOM/I HOMES INC | 58,618 | $8.5B | 0.95% | |
| 42 | PLMRPALOMAR HLDGS INC | 55,885 | $6.5B | 0.73% | |
| 43 | BCSBARCLAYS PLC | 310,571 | $6.4B | 0.72% | |
| 44 | FIGRFIGURE TECHNOLOGY SOLUTIO | 150,000 | $5.5B | 0.61% | |
| 45 | EVEREVERQUOTE INC | 236,077 | $5.4B | 0.60% | |
| 46 | SUNSSUNRISE RLTY TR INC | 491,077 | $5.1B | 0.57% | |
| 47 | ETHMDYNAMIX CORP | 472,389 | $4.9B | 0.55% | |
| 48 | KKRKKR & CO INC | 33,900 | $4.4B | 0.49% | |
| 49 | AIIAMERICAN INTEGRITY INS GROUP | 191,273 | $4.3B | 0.48% | |
| 50 | SIISPROTT INC | 26,921 | $2.2B | 0.25% | |
| 51 | CYTKCYTOKINETICS INC | 39,523 | $2.2B | 0.24% | |
| 52 | NODKNI HLDGS INC | 152,719 | $2.1B | 0.23% | |
| 53 | MBIMBIA INC | 211,534 | $1.6B | 0.18% | |
| 54 | NFENEW FORTRESS ENERGY INC | 359,925 | $795.4M | 0.09% | |
| 55 | —SKYLINE BLDRS GROUP HLDG LTD | 64,800 | $221.6M | 0.02% |