Q2 2026 13F · SEC CIK 1351407
Philadelphia Financial Management of San Francisco, LLC
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $364.7M
- Reported positions
- 43
- Top holdings a year, 3 yrs
- +19.0%
- Assets under management
- $730.0M
Philadelphia Financial Management of San Francisco, LLC is a hedge fund that reported 43 positions worth $364.7M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were U S Gold Corp (USAU, 4.8%), Willis Lease Fin Corp (WLFC, 4.6%), Hartford Insurance Group, Inc. (HIG, 4.3%). A portfolio copying its top holdings returned 19.0% a year over the last 3 years, against 20.4% for the S&P 500.
Philadelphia Financial Management of San Francisco, LLC holdings all 43 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
What Philadelphia Financial Management of San Francisco, LLC bought and sold in Q2 2026, against Q1 2026.
New positions
- WLFC Willis Lease Fin Corp4.6% of 13F
- HIG Hartford Insurance Group, Inc.4.3% of 13F
- CXW Corecivic Inc4.0% of 13F
- FTAI Ftai Aviation Ltd4.0% of 13F
- GEO Geo Group Inc3.9% of 13F
- LGIH Lgi Homes Inc3.1% of 13F
- CB Chubb Limited Com2.8% of 13F
- EQH Equitable Hldgs Inc2.7% of 13F
Added to
- ASPI Asp Isotopes Inc+107.1% shares
- KAZR Skyline Bldrs Group Hldg Ltd+57.1% shares
- AJG Gallagher Arthur J & Co+50.0% shares
- USAU U S Gold Corp+18.1% shares
- LEGH Legacy Housing Corp+9.5% shares
- AIG American International Group I+6.9% shares
Reduced
- CVCO Cavco Industries Inc-44.4% shares
- AXS Axis Capital Holdings Ltd-32.7% shares
- TBK Triumph Financial Inc-26.0% shares
- CUBI Customers Bancorp Inc-9.6% shares
Sold out
- TH Target Hospitality Corpwas 4.8%
- HCI Hci Group Incwas 4.8%
- ADS Bread Financial Holdings Incwas 4.1%
- LNC Lincoln Natl Corp Indwas 3.2%
- PNFP Pinnacle Finl Partners Inc Comwas 3.2%
- EZPW Ezcorpwas 3.0%
- KAR Openlane Incwas 3.0%
- AON Aon PLCwas 2.9%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +6.1% /yr
- S&P 500 +20.1%
- 3 years
- +19.0% /yr
- S&P 500 +20.4%
- 5 years
- +6.5% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $364.7M | 43 |
| Q1 2026 | $312.1M | 42 |
| Q4 2025 | $484.0M | 46 |
| Q3 2025 | $499.2M | 45 |
| Q2 2025 | $451.2M | 43 |
| Q1 2025 | $450.0M | 42 |
| Q4 2024 | $497.3M | 35 |
| Q3 2024 | $467.5M | 45 |
| Q2 2024 | $429.7M | 36 |
| Q1 2024 | $478.4M | 40 |
| Q4 2023 | $404.3M | 32 |
| Q3 2023 | $345.1M | 27 |
Questions about Philadelphia Financial Management of San Francisco, LLC's portfolio
What stocks does Philadelphia Financial Management of San Francisco, LLC own?
Philadelphia Financial Management of San Francisco, LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 43 positions worth $364.7M. The largest are U S Gold Corp (USAU) at 4.8%, Willis Lease Fin Corp (WLFC) at 4.6%, Hartford Insurance Group, Inc. (HIG) at 4.3%, Corecivic Inc (CXW) at 4.0% and Ftai Aviation Ltd (FTAI) at 4.0%.
What did Philadelphia Financial Management of San Francisco, LLC buy last quarter?
In Q2 2026, Philadelphia Financial Management of San Francisco, LLC added a new position in Willis Lease Fin Corp (WLFC), a new position in Hartford Insurance Group, Inc. (HIG), a new position in Corecivic Inc (CXW), a new position in Ftai Aviation Ltd (FTAI), a new position in Geo Group Inc (GEO), Asp Isotopes Inc (ASPI) (+107.1% shares), Skyline Bldrs Group Hldg Ltd (KAZR) (+57.1% shares) and Gallagher Arthur J & Co (AJG) (+50.0% shares), compared with its Q1 2026 filing.
What did Philadelphia Financial Management of San Francisco, LLC sell last quarter?
In Q2 2026, Philadelphia Financial Management of San Francisco, LLC sold all of Target Hospitality Corp (TH), sold all of Hci Group Inc (HCI), sold all of Bread Financial Holdings Inc (ADS), sold all of Lincoln Natl Corp Ind (LNC), sold all of Pinnacle Finl Partners Inc Com (PNFP), Cavco Industries Inc (CVCO) (-44.4% shares), Axis Capital Holdings Ltd (AXS) (-32.7% shares) and Triumph Financial Inc (TBK) (-26.0% shares), compared with its Q1 2026 filing.
How has Philadelphia Financial Management of San Francisco, LLC's portfolio performed?
A portfolio copying Philadelphia Financial Management of San Francisco, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +19.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +6.1% against +20.1%. Over 5 years: +6.5% a year against +11.6%.
When is Philadelphia Financial Management of San Francisco, LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Philadelphia Financial Management of San Francisco, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Philadelphia Financial Management of San Francisco, LLC manage?
Philadelphia Financial Management of San Francisco, LLC reported $730.0M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $364.7M.