Philadelphia Financial Management of San Francisco, LLC

Hedge Fund • Sector

Philadelphia Financial Management of San Francisco, LLC is a Sector-focused Hedge Fund based in Dallas, TX led by Jordan Neil Hymowitz, reporting $748.3M in AUM as of Q3 2025 with 46% Financial Services concentration.

Managing PartnerJordan Neil Hymowitz

Portfolio Value: $503.5M
Positions: 46
Top Holding: PFSI at 5.6%
Last Reported: Q3 2025

Address3500 Oak Lawn Ave, Ste 400, Dallas, TX, 75219, United States

Top Holdings

Largest long holdings in Philadelphia Financial Management of San Francisco, LLC's portfolio (39.8% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 PennyMac Financial Services, Inc. PFSI	Financial - Mortgages Financial Services	$28.2M	5.60%	+$28.2M Bought	0.44% 227.8K shares	Q2 2023 Held for 2y 5m
2 Slide Insurance Holdings, Inc. Common Stock SLDE	Unknown Unknown	$26.4M	5.25%	+$26.4M New	1.33% 1.7M shares	Q3 2025 Held for 2 months
3 Target Hospitality TH	Specialty Business Services Industrials	$21.2M	4.21%	+$4.1M Bought	2.50% 2.5M shares	Q1 2025 Held for 8 months
4 MCHB Mechanics Bank MCHB	Unknown Unknown	$20.0M	3.98%	+$20.0M New	— 1.5M shares	Q3 2025 Held for 2 months
5 Progressive PGR	Insurance - Property & Casualty Financial Services	$19.1M	3.79%	+$19.1M Bought	0.01% 77.2K shares	Q4 2021 Held for 3y 11m
6 Selective Insurance Group SIGI	Insurance - Property & Casualty Financial Services	$18.2M	3.61%	+$18.2M New	0.37% 224.0K shares	Q3 2025 Held for 2 months
7 Robinhood Markets, Inc. HOOD	Software - Infrastructure Technology	$17.9M	3.55%	+$17.9M Bought	0.01% 125.0K shares	Q2 2024 Held for 1y 5m
8 Customers Bancorp CUBI	Banks - Regional Financial Services	$17.4M	3.45%	-$251.4K Sold	0.78% 265.6K shares	Q2 2025 Held for 5 months
9 ASP Isotopes, Inc. ASPI	Chemicals Basic Materials	$16.0M	3.17%	-$9.7M Sold	— 1.7M shares	Q2 2024 Held for 1y 5m
10 FUTU Futu Holdings Limited FUTU	Unknown Unknown	$15.9M	3.16%	+$15.9M New	— 91.6K shares	Q3 2025 Held for 2 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Philadelphia Financial Management of San Francisco, LLC's latest filing

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Market Value

$503.5M

Prior: $451.2M

Q/Q Change

+11.59%

+$52.3M

Net Flows % of MV

-22.51%

Turnover Ratio

63.76%

New Purchases

16 stocks

$160.8M

Added To

8 stocks

+$34.4M

Sold Out Of

25 stocks

$270.4M

Reduced Holdings

10 stocks

-$38.1M

Increased Positions

Position	Shares Δ	Change
1 Slide Insurance Holdings, Inc. Common Stock SLDE	New	0 → 1.7M +$26.4M
2 MCHB Mechanics Bank MCHB	New	0 → 1.5M +$20.0M
3 Selective Insurance Group SIGI	New	0 → 224.0K +$18.2M
4 FUTU Futu Holdings Limited FUTU	New	0 → 91.6K +$15.9M
5 Deutsche Bank DB	New	0 → 416.0K +$14.7M

Decreased Positions

Position	Shares Δ	Change
1 Navient NAVI	Sold	1.7M → 0 −$24.0M
2 Everest Group EG	Sold	68.1K → 0 −$23.1M
3 Metropolitan Bank Holding Corp. MCB	Sold	311.8K → 0 −$21.8M
4 HomeStreet HMST	Sold	1.5M → 0 −$20.2M
5 AHL Capital Management AHL	Sold	512.1K → 0 −$16.1M