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PMAM

Penn Mutual Asset Management Portfolio holdings

AUM $19.5M
1-Year Est. Return 3.07%
This Fund
S&P 500
This Quarter Est. Return
+3.12%
1 Year Est. Return
+3.07%
3 Year Est. Return
+28.69%
5 Year Est. Return
+16.53%
10 Year Est. Return
–
AUM
$124M
AUM Growth
-$24.1M
Cap. Flow
-$29.3M
Cap. Flow %
-23.56%
Top 10 Hldgs %
86.63%
Holding
32
New
9
Increased
3
Reduced
5
Closed
2

Top Buys

Rank Stock Value
1
EMLC icon
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
+$6.47M
2
WES icon
Western Midstream Partners
WES
+$342K
3
PAA icon
Plains All American Pipeline
PAA
+$322K
4
TGE
Tallgrass Energy, LP Class A Shares
TGE
+$320K
5
MPLX icon
MPLX
MPLX
+$319K

Top Sells

Rank Stock Value
1
AGNC icon
AGNC Investment
AGNC
+$12.9M
2
NLY icon
Annaly Capital Management
NLY
+$9.96M
3
RITM icon
Rithm Capital
RITM
+$7.46M
4
TWO
Two Harbors Investment
TWO
+$5.48M
5
NEM icon
Newmont
NEM
+$2.59M

Sector Composition

Rank Sector Weight
1 Real Estate 32.62%
2 Energy 3.65%
3 Materials 3.21%
4 Financials 1.35%
5 Utilities 0.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MMP
26
DELISTED
Magellan Midstream Partners, L.P.
MMP
$321K 0.26%
+5,100
New +$318K
MPLX icon
27
MPLX
MPLX
$61.4B
$318K 0.26%
+12,500
New +$319K
SHLX
28
DELISTED
Shell Midstream Partners, L.P.
SHLX
$303K 0.24%
+15,000
New +$304K
NS
29
DELISTED
NuStar Energy L.P.
NS
$277K 0.22%
+10,700
New +$298K
AKRO
30
DELISTED
Akero Therapeutics
AKRO
$231K 0.19%
+10,409
New +$215K
ECC
31
Eagle Point Credit Company
ECC
$509M
– –
-28,145
Closed -$444K
NEM icon
32
Newmont
NEM
$103B
– –
-68,200
Closed -$2.59M
1
2

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HIM
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QC
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BC
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AE
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BCPE
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B
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Penn Mutual Asset Management's Q4 2019 Portfolio in Review

As of Q4 2019, Penn Mutual Asset Management held 32 positions worth $124M, down 16% from $148M the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Penn Mutual Asset Management withdrew a net $29.3M in Q4 2019, closing 2 positions and reducing 5 holdings. Its most notable exit was Newmont, an estimated $2.59M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 33% of assets, down from 49% a quarter earlier, followed by Energy and Materials.

Against the trend, Penn Mutual Asset Management opened a new position in Western Midstream Partners worth $325K.

  • Penn Mutual Asset Management's largest Q4 2019 buy was Western Midstream Partners: 16,500 shares worth $325K.
  • Penn Mutual Asset Management added most to VanEck JP Morgan EM Local Currency Bond ETF in Q4 2019, an estimated $6.47M increase.
  • Penn Mutual Asset Management's biggest Q4 2019 reduction was AGNC Investment, cutting an estimated $12.9M.
  • Penn Mutual Asset Management fully exited Newmont in Q4 2019, selling an estimated $2.59M.
  • Penn Mutual Asset Management's ten largest holdings make up 87% of its $124M portfolio in Q4 2019.
  • Penn Mutual Asset Management opened 9 new positions and closed 2 in Q4 2019.
  • Penn Mutual Asset Management's portfolio value fell 16% quarter-over-quarter to $124M.

Based on Penn Mutual Asset Management's 13F filing for Q4 2019, filed 13 Feb 2020.