PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC Information

450 SANSOME STREET, SUITE 1500, SAN FRANCISCO, California, 94111, (415) 352-4460

Report Date: 06/30/2015

Position Statistics

Total Positions 45
New Positions 15
Increased Positions 24
Decreased Positions 21
Positions with Activity 45
Sold Out Positions 11
Total Mkt Value (in $ millions) 406

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial 64.92%
Healthcare
Services 8.07%
Technology 2.41%
Transportation
Utilities

45 Positions as of 06/30/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
NET 1 UEPS TECHNOLOGIES INC COM NEW 48,181 994 2.11 2,318,618
ASSURED GUARANTY LTD COM 28,719 -254 (0.88) 1,159,891
META FINL GROUP INC COM 17,789 -40 (0.23) 406,516
KCG HLDGS INC CL A 17,709 -10,910 (38.12) 1,569,936
INVESTMENT TECHNOLOGY GRP NEW COM 15,169 -10,790 (41.57) 936,375
SANTANDER CONSUMER USA HDG INC COM 14,877 3,476 30.49 656,511
TRIPLEPOINT VENTURE GROWTH BDC COM 14,772 884 6.36 1,252,944
ALLSTATE CORP COM 14,204 4,238 42.53 242,264
INVESCO LTD SHS 13,530 3,147 30.31 390,914
HARTFORD FINL SVCS GROUP INC COM 13,470 3,557 35.88 291,429
ARTISAN PARTNERS ASSET MGMT IN CL A 13,152 7,761 143.98 319,612
SPRINGLEAF HLDGS INC COM 13,026 13,026 New 292,184
CITIGROUP INC COM NEW 12,981 12,981 New 243,633
FLY LEASING LTD SPONSORED ADR 11,606 707 6.49 900,387
PENNYMAC FINL SVCS INC CL A 11,363 8,818 346.44 667,251
PROGRESSIVE CORP OHIO COM 10,883 -5,261 (32.59) 362,161
AMERIPRISE FINL INC COM 10,870 10,870 New 95,238
ENCORE CAP GROUP INC COM 10,781 -24 (0.23) 268,649
XL GROUP PLC SHS 10,420 10,420 New 276,691
OM ASSET MGMT PLC SHS 10,225 10,225 New 625,000