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LMGAM
Liberty Mutual Group Asset Management Portfolio holdings
AUM
$1.15B
1-Year Est. Return
29.1%
This Fund
S&P 500
This Quarter
Est. Return
+1.27%
1 Year Est. Return
+29.1%
3 Year Est. Return
+47.89%
5 Year Est. Return
+34.9%
10 Year Est. Return
+164.26%
AUM
$1.15B
AUM Growth
-$104M
(-8.3%)
Cap. Flow
-$44.9M
Cap. Flow
% of AUM
-3.92%
Top 10 Holdings %
Top 10 Hldgs %
80.61%
Holding
41
New
13
Increased
3
Reduced
6
Closed
2
Avg Time Held
3.5
quarters
Top 10 Avg Time Held
2.5
quarters
Top 20 Avg Time Held
2.1
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fervo Energy
FRVO
|
+$140M |
| 2 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$67.9M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$43.4M |
| 4 |
iShares MSCI ACWI ETF
ACWI
|
+$28.7M |
| 5 |
KARD
Kardigan Inc
KARD
|
+$27.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Crescent Energy
CRGY
|
+$398M |
| 2 |
iShares MSCI South Korea ETF
EWY
|
+$12.5M |
| 3 |
Vanguard S&P 500 ETF
VOO
|
+$10.2M |
| 4 |
Planet Labs
PL
|
+$5.62M |
| 5 |
Carnival Corporation Ltd
CCL
|
+$3.63M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 69.19% |
| 2 | Utilities | 9.9% |
| 3 | Industrials | 6.18% |
| 4 | Energy | 4.18% |
| 5 | Financials | 4.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
State Street Blackstone Senior Loan ETF
SRLN
$5.4B
| $189M | 16.53% |
4,699,823
+1,680,836
| +56% | +$67.9M |
2025 Q3
3 quarters
|
|
|
2
Vanguard S&P 500 ETF
VOO
$1.05T
| $136M | 11.83% |
197,323
-15,271
| -7% | -$10.2M |
2025 Q4
2 quarters
|
|
|
3
Fervo Energy
FRVO
$3.79B
| $113M | 9.9% |
+3,880,626
| New | +$140M |
2026 Q2
0 quarters
|
|
4
iShares 7-10 Year Treasury Bond ETF
IEF
$41.3B
| $112M | 9.76% |
1,182,507
| – | – |
2025 Q4
2 quarters
|
|
5
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $85.7M | 7.48% |
1,071,233
| – | – |
2025 Q2
4 quarters
|
|
|
6
State Street SPDR S&P 500 ETF Trust
SPY
$822B
| $83.7M | 7.31% |
112,093
+59,793
| +114% | +$43.4M |
2026 Q1
1 quarter
|
|
7
QXO Inc
QXO
$11B
| $70.6M | 6.16% |
4,082,787
| – | – |
2024 Q3
7 quarters
|
|
8
iShares Broad USD High Yield Corporate Bond ETF
USHY
$25.4B
| $55M | 4.8% |
1,485,000
| – | – |
2025 Q4
2 quarters
|
|
|
9
Crescent Energy
CRGY
$4.22B
| $41.8M | 3.65% |
4,254,746
-32,600,000
| -88% | -$398M |
2023 Q4
10 quarters
|
|
10
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.6B
| $36.7M | 3.2% |
714,850
| – | – |
2026 Q1
1 quarter
|
|
|
11
iShares MSCI ACWI ETF
ACWI
$33.2B
| $29.5M | 2.58% |
+188,000
| New | +$28.7M |
2026 Q2
0 quarters
|
|
12
Blue Owl Capital
OBDC
$4.99B
| $29M | 2.53% |
2,669,872
| – | – |
2025 Q4
2 quarters
|
|
|
KARD
13
Kardigan Inc
KARD
$1.34B
| $28.5M | 2.49% |
+1,196,411
| New | +$27.7M |
2026 Q2
0 quarters
|
|
14
iShares Core US Aggregate Bond ETF
AGG
$137B
| $27.2M | 2.38% |
+275,000
| New | +$27.2M |
2026 Q2
0 quarters
|
|
15
Invesco Senior Loan ETF
BKLN
$6.28B
| $25M | 2.18% |
1,225,000
| – | – |
2026 Q1
1 quarter
|
|
|
OPI
16
Office Properties Income Trust
OPI
$335M
| $22.3M | 1.95% |
+1,311,341
| New | +$22.7M |
2026 Q2
0 quarters
|
|
17
ServiceNow
NOW
$145B
| $8.44M | 0.74% |
85,047
+54,218
| +176% | +$5.37M |
2025 Q4
2 quarters
|
|
18
Affirm
AFRM
$26.5B
| $5.66M | 0.49% |
69,374
| – | – |
2023 Q2
12 quarters
|
|
19
Ares Capital
ARCC
$13.4B
| $4.96M | 0.43% |
267,446
| – | – |
2025 Q4
2 quarters
|
|
20
Datadog
DDOG
$103B
| $3.68M | 0.32% |
+14,148
| New | +$2.63M |
2026 Q2
0 quarters
|
|
21
Nine Energy Service Inc
NINE
$112M
| $3.66M | 0.32% |
281,184
| – | – |
2026 Q1
1 quarter
|
|
22
Navan Inc
NAVN
$6.14B
| $3.39M | 0.3% |
+148,227
| New | +$2.71M |
2026 Q2
0 quarters
|
|
23
Robinhood
HOOD
$98.2B
| $3.35M | 0.29% |
+33,367
| New | +$2.79M |
2026 Q2
0 quarters
|
|
24
Morgan Stanley Direct Lending Fund
MSDL
$1.11B
| $3.1M | 0.27% |
204,770
| – | – |
2025 Q4
2 quarters
|
|
25
DELISTED
KORE Group Holdings
KORE
| $2.95M | 0.26% |
319,600
| – | – |
2024 Q3
7 quarters
|
|
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Liberty Mutual Group Asset Management's Q2 2026 Portfolio in Review
As of Q2 2026, Liberty Mutual Group Asset Management held 41 positions worth $1.15B, down 8.3% from $1.25B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Liberty Mutual Group Asset Management withdrew a net $44.9M in Q2 2026, closing 2 positions and reducing 6 holdings. Its most notable exit was iShares MSCI South Korea ETF, an estimated $12.5M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 69% of assets, up from 49% a quarter earlier, followed by Utilities and Industrials.
Against the trend, Liberty Mutual Group Asset Management opened a new position in Fervo Energy worth $113M.
- Liberty Mutual Group Asset Management's largest Q2 2026 buy was Fervo Energy: 3,880,626 shares worth $113M.
- Liberty Mutual Group Asset Management added most to State Street Blackstone Senior Loan ETF in Q2 2026, an estimated $67.9M increase.
- Liberty Mutual Group Asset Management's biggest Q2 2026 reduction was Crescent Energy, cutting an estimated $398M.
- Liberty Mutual Group Asset Management fully exited iShares MSCI South Korea ETF in Q2 2026, selling an estimated $12.5M.
- Liberty Mutual Group Asset Management's ten largest holdings make up 81% of its $1.15B portfolio in Q2 2026.
- Liberty Mutual Group Asset Management opened 13 new positions and closed 2 in Q2 2026.
- Liberty Mutual Group Asset Management's portfolio value fell 8.3% quarter-over-quarter to $1.15B.
Based on Liberty Mutual Group Asset Management's 13F filing for Q2 2026, filed 14 Aug 2026.