Filed: 11/14/2025ACC: 0001214659-25-016632
📋 What this filing means
PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC filed this quarterly 13F‑HR report disclosing 55 equity positions with a total reported market value of $892.44M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
55
Positions
$892.44M
Total AUM (reported)
21.66M
Total Shares
Allocation by class
COM$389.16M43.6%
COM CL A$216.66M24.3%
CL A$66.13M7.4%
RUSSELL 2000 ETF$48.39M5.4%
COM SHS$37.39M4.2%
SPON ADS CL A$30.71M3.4%
COM NEW$28.27M3.2%
Portfolio Concentration
Top 3$178.99M20.1%
4–10$226.95M25.4%
11–25$261.64M29.3%
Rest$224.87M25.2%
Top 3 weight
20.1%
Top 10 weight
45.5%
Voting Authority Distribution
Total shares with voting rights: 21.66M
Sole
Full voting authority
21.66M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole55
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings55
Rows:
CIRCLE INTERNET GROUP INC
SOLEShares565K
TypeSH
Market value$74.91M
8.39%
Sole
565K
Shared
0.00
None
0.00
COINBASE GLOBAL INC
SOLEShares165K
TypeSH
Market value$55.69M
6.24%
Sole
165K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares200K
TypeSH
Market value$48.39M
5.42%
Sole
200K
Shared
0.00
None
0.00
GOLDMAN SACHS GROUP INC
SOLEShares50K
TypeSH
Market value$39.82M
4.46%
Sole
50K
Shared
0.00
None
0.00
PALANTIR TECHNOLOGIES INC
SOLEShares200K
TypeSH
Market value$36.48M
4.09%
Sole
200K
Shared
0.00
None
0.00
MP MATERIALS CORP
SOLEShares493.06K
TypeSH
Market value$33.07M
3.71%
Sole
493.06K
Shared
0.00
None
0.00
ROBINHOOD MKTS INC
SOLEShares225K
TypeSH
Market value$32.22M
3.61%
Sole
225K
Shared
0.00
None
0.00
FUTU HLDGS LTD
SOLEShares176.61K
TypeSH
Market value$30.71M
3.44%
Sole
176.61K
Shared
0.00
None
0.00
PENNYMAC FINL SVCS INC NEW
SOLEShares227.77K
TypeSH
Market value$28.22M
3.16%
Sole
227.77K
Shared
0.00
None
0.00
SLIDE INS HLDGS INC
SOLEShares1.67M
TypeSH
Market value$26.43M
2.96%
Sole
1.67M
Shared
0.00
None
0.00
EVEREST GROUP LTD
SOLEShares75K
TypeSH
Market value$26.27M
2.94%
Sole
75K
Shared
0.00
None
0.00
TALEN ENERGY CORP
SOLEShares50K
TypeSH
Market value$21.27M
2.38%
Sole
50K
Shared
0.00
None
0.00
TARGET HOSPITALITY CORP
SOLEShares2.50M
TypeSH
Market value$21.18M
2.37%
Sole
2.50M
Shared
0.00
None
0.00
MECHANICS BANCORP
SOLEShares1.50M
TypeSH
Market value$20.01M
2.24%
Sole
1.50M
Shared
0.00
None
0.00
PROGRESSIVE CORP
SOLEShares77.24K
TypeSH
Market value$19.07M
2.14%
Sole
77.24K
Shared
0.00
None
0.00
SELECTIVE INS GROUP INC
SOLEShares223.96K
TypeSH
Market value$18.16M
2.03%
Sole
223.96K
Shared
0.00
None
0.00
CUSTOMERS BANCORP INC
SOLEShares265.64K
TypeSH
Market value$17.37M
1.95%
Sole
265.64K
Shared
0.00
None
0.00
ASP ISOTOPES INC
SOLEShares1.66M
TypeSH
Market value$15.98M
1.79%
Sole
1.66M
Shared
0.00
None
0.00
GROUP 1 AUTOMOTIVE INC
SOLEShares35K
TypeSH
Market value$15.31M
1.72%
Sole
35K
Shared
0.00
None
0.00
A2Z CUST2MATE SOLUTIONS CORP
SOLEShares1.86M
TypeSH
Market value$14.87M
1.67%
Sole
1.86M
Shared
0.00
None
0.00
DEUTSCHE BANK A G
SOLEShares415.96K
TypeSH
Market value$14.73M
1.65%
Sole
415.96K
Shared
0.00
None
0.00
CHAMPION HOMES INC
SOLEShares190.24K
TypeSH
Market value$14.53M
1.63%
Sole
190.24K
Shared
0.00
None
0.00
HAMILTON INSURANCE GROUP LTD
SOLEShares584.85K
TypeSH
Market value$14.50M
1.63%
Sole
584.85K
Shared
0.00
None
0.00
ONEWATER MARINE INC
SOLEShares899.32K
TypeSH
Market value$14.25M
1.60%
Sole
899.32K
Shared
0.00
None
0.00
U S GOLD CORP
SOLEShares857.71K
TypeSH
Market value$14.14M
1.58%
Sole
857.71K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CIRCLE INTERNET GROUP INCSOLE | COM CL A | 565K | SH | $74.91M 8.39% | 565K | 0.00 | 0.00 |
COINBASE GLOBAL INCSOLE | COM CL A | 165K | SH | $55.69M 6.24% | 165K | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 200K | SH | $48.39M 5.42% | 200K | 0.00 | 0.00 |
GOLDMAN SACHS GROUP INCSOLE | COM | 50K | SH | $39.82M 4.46% | 50K | 0.00 | 0.00 |
PALANTIR TECHNOLOGIES INCSOLE | CL A | 200K | SH | $36.48M 4.09% | 200K | 0.00 | 0.00 |
MP MATERIALS CORPSOLE | COM CL A | 493.06K | SH | $33.07M 3.71% | 493.06K | 0.00 | 0.00 |
ROBINHOOD MKTS INCSOLE | COM CL A | 225K | SH | $32.22M 3.61% | 225K | 0.00 | 0.00 |
FUTU HLDGS LTDSOLE | SPON ADS CL A | 176.61K | SH | $30.71M 3.44% | 176.61K | 0.00 | 0.00 |
PENNYMAC FINL SVCS INC NEWSOLE | COM | 227.77K | SH | $28.22M 3.16% | 227.77K | 0.00 | 0.00 |
SLIDE INS HLDGS INCSOLE | COM | 1.67M | SH | $26.43M 2.96% | 1.67M | 0.00 | 0.00 |
EVEREST GROUP LTDSOLE | COM | 75K | SH | $26.27M 2.94% | 75K | 0.00 | 0.00 |
TALEN ENERGY CORPSOLE | COM | 50K | SH | $21.27M 2.38% | 50K | 0.00 | 0.00 |
TARGET HOSPITALITY CORPSOLE | COM | 2.50M | SH | $21.18M 2.37% | 2.50M | 0.00 | 0.00 |
MECHANICS BANCORPSOLE | CL A | 1.50M | SH | $20.01M 2.24% | 1.50M | 0.00 | 0.00 |
PROGRESSIVE CORPSOLE | COM | 77.24K | SH | $19.07M 2.14% | 77.24K | 0.00 | 0.00 |
SELECTIVE INS GROUP INCSOLE | COM | 223.96K | SH | $18.16M 2.03% | 223.96K | 0.00 | 0.00 |
CUSTOMERS BANCORP INCSOLE | COM | 265.64K | SH | $17.37M 1.95% | 265.64K | 0.00 | 0.00 |
ASP ISOTOPES INCSOLE | COM | 1.66M | SH | $15.98M 1.79% | 1.66M | 0.00 | 0.00 |
GROUP 1 AUTOMOTIVE INCSOLE | COM | 35K | SH | $15.31M 1.72% | 35K | 0.00 | 0.00 |
A2Z CUST2MATE SOLUTIONS CORPSOLE | COM | 1.86M | SH | $14.87M 1.67% | 1.86M | 0.00 | 0.00 |
DEUTSCHE BANK A GSOLE | NAMEN AKT | 415.96K | SH | $14.73M 1.65% | 415.96K | 0.00 | 0.00 |
CHAMPION HOMES INCSOLE | COM | 190.24K | SH | $14.53M 1.63% | 190.24K | 0.00 | 0.00 |
HAMILTON INSURANCE GROUP LTDSOLE | CL B | 584.85K | SH | $14.50M 1.63% | 584.85K | 0.00 | 0.00 |
ONEWATER MARINE INCSOLE | CL A COM | 899.32K | SH | $14.25M 1.60% | 899.32K | 0.00 | 0.00 |
U S GOLD CORPSOLE | COM NEW | 857.71K | SH | $14.14M 1.58% | 857.71K | 0.00 | 0.00 |
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