Philadelphia Financial Management of San Francisco, LLC reported 42 positions worth $361.46M for the quarter ended Jun 30, 2026, up 20.5% on the prior quarter. It opened 30 new positions, added to 6, trimmed 5 and exited 28. Its largest holding is U.S. Gold Corp. at 4.9% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Trade Value | Weight |
|---|---|---|---|
| WLFC Willis Lease Finance Corp | +218.3K | $16.65M | 4.61% |
| HIG Hartford Insurance Group, Inc. | +118.7K | $15.73M | 4.35% |
| CXW CoreCivic, Inc. | +479.2K | $14.56M | 4.03% |
| FTAI FTAI Aviation Ltd. | +53.4K | $14.45M | 4% |
| GEO Geo Group Inc | +484.1K | $14.31M | 3.96% |
| LGIH LGI Homes, Inc. | +175.2K | $11.16M | 3.09% |
| CB Chubb Ltd | +30.3K | $10.32M | 2.86% |
| EQH Equitable Holdings, Inc. | +226.0K | $9.92M | 2.74% |
| WNC WABASH NATIONAL Corp | +726.8K | $9.81M | 2.71% |
| ATLC Atlanticus Holdings Corp | +89.6K | $9.16M | 2.53% |
| Holding | Change | Trade Value | Weight |
|---|---|---|---|
| TH Target Hospitality Corp. | -1.62M -100.0% | $15.00M | Exited |
| HCI HCI Group, Inc. | -96.0K -100.0% | $14.85M | Exited |
| BFH Bread Financial Holdings, Inc. | -172.2K -100.0% | $12.89M | Exited |
| LNC Lincoln National Corp | -285.0K -100.0% | $10.12M | Exited |
| EZPW Ezcorp Inc | -371.7K -100.0% | $9.43M | Exited |
| OPLN OPENLANE, Inc. | -321.8K -100.0% | $9.38M | Exited |
| AON Aon plc | -28.0K -100.0% | $9.04M | Exited |
| AER AerCap Holdings N.V. | -64.3K -100.0% | $8.81M | Exited |
| BOH Bank Of Hawaii Corp | -117.7K -100.0% | $8.74M | Exited |
| EWBC East West Bancorp Inc | -81.6K -100.0% | $8.71M | Exited |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| WLFC Willis Lease Finance Corp | +218.3K | $16.65M | 4.61% |
| HIG Hartford Insurance Group, Inc. | +118.7K | $15.73M | 4.35% |
| CXW CoreCivic, Inc. | +479.2K | $14.56M | 4.03% |
| FTAI FTAI Aviation Ltd. | +53.4K | $14.45M | 4% |
| GEO Geo Group Inc | +484.1K | $14.31M | 3.96% |
| LGIH LGI Homes, Inc. | +175.2K | $11.16M | 3.09% |
| CB Chubb Ltd | +30.3K | $10.32M | 2.86% |
| EQH Equitable Holdings, Inc. | +226.0K | $9.92M | 2.74% |
| WNC WABASH NATIONAL Corp | +726.8K | $9.81M | 2.71% |
| ATLC Atlanticus Holdings Corp | +89.6K | $9.16M | 2.53% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| TH Target Hospitality Corp. | -1.62M | $15.00M | 5% |
| HCI HCI Group, Inc. | -96.0K | $14.85M | 4.95% |
| BFH Bread Financial Holdings, Inc. | -172.2K | $12.89M | 4.3% |
| LNC Lincoln National Corp | -285.0K | $10.12M | 3.37% |
| EZPW Ezcorp Inc | -371.7K | $9.43M | 3.14% |
| OPLN OPENLANE, Inc. | -321.8K | $9.38M | 3.13% |
| AON Aon plc | -28.0K | $9.04M | 3.01% |
| AER AerCap Holdings N.V. | -64.3K | $8.81M | 2.94% |
| BOH Bank Of Hawaii Corp | -117.7K | $8.74M | 2.91% |
| EWBC East West Bancorp Inc | -81.6K | $8.71M | 2.9% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | USAU U.S. Gold Corp. | Basic Materials | 1.15M | $17.56M | 4.86% | +175.8K | +18.1% | Added | 6.93% |
| 2 | WLFC Willis Lease Finance Corp | Industrials | 218.3K | $16.65M | 4.61% | +218.3K | – | New | 1.03% |
| 3 | HIG Hartford Insurance Group, Inc. | Financial Services | 118.7K | $15.73M | 4.35% | +118.7K | – | New | 0.04% |
| 4 | CXW CoreCivic, Inc. | Industrials | 479.2K | $14.56M | 4.03% | +479.2K | – | New | 0.48% |
| 5 | FTAI FTAI Aviation Ltd. | Industrials | 53.4K | $14.45M | 4% | +53.4K | – | New | 0.05% |
| 6 | GEO Geo Group Inc | Industrials | 484.1K | $14.31M | 3.96% | +484.1K | – | New | 0.37% |
| 7 | AIG American International Group, Inc. | Financial Services | 176.4K | $13.15M | 3.64% | +11.4K | +6.9% | Added | 0.03% |
| 8 | LEGH Legacy Housing Corp | Consumer Discretionary | 454.4K | $11.94M | 3.3% | +39.3K | +9.5% | Added | 1.91% |
| 9 | AJG Arthur J. Gallagher & Co. | Financial Services | 49.5K | $11.36M | 3.14% | +16.5K | +50.0% | Added | 0.02% |
| 10 | LGIH LGI Homes, Inc. | Consumer Discretionary | 175.2K | $11.16M | 3.09% | +175.2K | – | New | 0.75% |
| 11 | AXS Axis Capital Holdings Ltd | Financial Services | 99.6K | $10.70M | 2.96% | -48.4K | -32.7% | Reduced | 0.14% |
| 12 | CB Chubb Ltd | Financial Services | 30.3K | $10.32M | 2.86% | +30.3K | – | New | 0.01% |
| 13 | EQH Equitable Holdings, Inc. | Financial Services | 226.0K | $9.92M | 2.74% | +226.0K | – | New | 0.08% |
| 14 | WNC WABASH NATIONAL Corp | Industrials | 726.8K | $9.81M | 2.71% | +726.8K | – | New | 1.78% |
| 15 | ATLC Atlanticus Holdings Corp | Financial Services | 89.6K | $9.16M | 2.53% | +89.6K | – | New | 0.59% |
Tip. Select a row to see that position’s full history at Philadelphia Financial Management of San Francisco.
As of its Q2 2026 13F filing, Philadelphia Financial Management of San Francisco, LLC’s five largest positions were U.S. Gold Corp. (USAU) at 4.9%, Willis Lease Finance Corp (WLFC) at 4.6%, Hartford Insurance Group, Inc. (HIG) at 4.4%, CoreCivic, Inc. (CXW) at 4.0%, FTAI Aviation Ltd. (FTAI) at 4.0% of the reported portfolio.
Philadelphia Financial Management of San Francisco, LLC reported a 13F portfolio worth $361.46M across 42 positions for Q2 2026. That is up 20.5% from the previous quarter.
Its largest purchases by value were Willis Lease Finance Corp ($16.65M), Hartford Insurance Group, Inc. ($15.73M), CoreCivic, Inc. ($14.56M). It opened 30 new positions.
Its largest sales by value were Target Hospitality Corp. ($15.00M), HCI Group, Inc. ($14.85M), Bread Financial Holdings, Inc. ($12.89M). It exited 28 positions entirely.
From the Form 13F-HR reports Philadelphia Financial Management of San Francisco, LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.