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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
-1.53%
1 Year Est. Return
+3.07%
3 Year Est. Return
+28.69%
5 Year Est. Return
+16.53%
10 Year Est. Return
–
AUM
$148M
AUM Growth
+$46.9M
(+46%)
Cap. Flow
+$49.2M
Cap. Flow
% of AUM
33.17%
Top 10 Holdings %
Top 10 Hldgs %
87.14%
Holding
27
New
5
Increased
14
Reduced
1
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
|
+$18.8M |
| 2 |
Rithm Capital
RITM
|
+$8.76M |
| 3 |
Annaly Capital Management
NLY
|
+$5.64M |
| 4 |
TWO
Two Harbors Investment
TWO
|
+$3.65M |
| 5 |
EDD
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
|
+$3.31M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$7.51M |
| 2 |
DOCU
DocuSign
DOCU
|
+$3.6M |
| 3 |
DSL
DoubleLine Income Solutions Fund
DSL
|
+$1.2M |
| 4 |
ECC
Eagle Point Credit Company
ECC
|
+$379K |
| 5 |
AVLR
Avalara, Inc.
AVLR
|
+$31K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 48.99% |
| 2 | Materials | 4.02% |
| 3 | Financials | 1.43% |
| 4 | Energy | 0.93% |
| 5 | Utilities | 0.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.79B
| $24.2M | 16.32% |
733,100
+554,100
| +310% | +$18.8M |
|
2
AGNC Investment
AGNC
$12.4B
| $23.4M | 15.81% |
1,456,500
+190,700
| +15% | +$3.13M |
|
|
3
Annaly Capital Management
NLY
$17.1B
| $20.9M | 14.11% |
594,450
+156,500
| +36% | +$5.64M |
|
|
4
Rithm Capital
RITM
$5.52B
| $14.2M | 9.59% |
907,000
+585,000
| +182% | +$8.76M |
|
|
FAX
5
DELISTED
abrdn Asia-Pacific Income Fund
FAX
| $11.7M | 7.87% |
464,181
+101,000
| +28% | +$2.54M |
|
|
EDD
6
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$375M
| $10.2M | 6.87% |
1,546,241
+486,442
| +46% | +$3.31M |
|
7
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.71B
| $9.13M | 6.16% |
6,000
+2,000
| +50% | +$2.85M |
|
|
TWO
8
Two Harbors Investment
TWO
$1.27B
| $5.74M | 3.87% |
109,250
+69,250
| +173% | +$3.65M |
|
|
EMD
9
Western Asset Emerging Markets Debt Fund
EMD
$609M
| $4.85M | 3.27% |
349,101
+115,400
| +49% | +$1.62M |
|
10
Simon Property Group
SPG
$74.4B
| $4.83M | 3.25% |
31,000
+4,200
| +16% | +$653K |
|
|
CMO
11
DELISTED
Capstead Mortgage Corp.
CMO
| $3.48M | 2.35% |
473,165
+141,637
| +43% | +$1.14M |
|
|
B
12
Barrick Mining
B
$61.5B
| $3.04M | 2.05% |
+175,500
| New | +$3.1M |
|
13
Newmont
NEM
$98.7B
| $2.59M | 1.74% |
+68,200
| New | +$2.65M |
|
|
GHY
14
PGIM Global High Yield Fund
GHY
$478M
| $2.38M | 1.6% |
165,301
+47,700
| +41% | +$685K |
|
15
DigitalBridge
DBRG
$2.93B
| $2.13M | 1.43% |
88,235
+20,205
| +30% | +$418K |
|
16
BlackRock Resources & Commodities Strategy Trust
BCX
$919M
| $1.13M | 0.76% |
150,600
+78,000
| +107% | +$600K |
|
17
Dominion Energy
D
$60.8B
| $1.01M | 0.68% |
12,426
| – | – |
|
18
Energy Transfer Partners
ET
$70.1B
| $916K | 0.62% |
+70,000
| New | +$976K |
|
19
Upwork
UPWK
$1.13B
| $792K | 0.53% |
+59,563
| New | +$908K |
|
20
Plains All American Pipeline
PAA
$17.3B
| $457K | 0.31% |
+22,000
| New | +$498K |
|
|
ECC
21
Eagle Point Credit Company
ECC
$512M
| $444K | 0.3% |
28,145
-22,256
| -44% | -$379K |
|
|
RA
22
Brookfield Real Assets Income Fund
RA
$708M
| $390K | 0.26% |
17,256
| – | – |
|
23
Vale
VALE
$64.1B
| $333K | 0.22% |
28,953
| – | – |
|
|
DOCU
24
DocuSign
DOCU
$10.5B
| – | – |
-72,331
| Closed | -$3.6M |
|
|
DSL
25
DoubleLine Income Solutions Fund
DSL
$1.22B
| – | – |
-60,100
| Closed | -$1.2M |
|
Similar funds
HAM
MPW
HIM
QC
BC
AE
BCPE
B
Penn Mutual Asset Management's Q3 2019 Portfolio in Review
As of Q3 2019, Penn Mutual Asset Management held 27 positions worth $148M, up 46% from $101M the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Penn Mutual Asset Management deployed $49.2M of net new capital in Q3 2019, opening 5 new positions and adding to 14 existing holdings. Its largest new stake was Barrick Mining: 175,500 shares worth $3.04M.
By sector, the portfolio is most concentrated in Real Estate at 49% of assets, down from 51% a quarter earlier, followed by Materials and Financials.
On the sell side, the largest reduction was Eagle Point Credit Company, an estimated $379K trimmed.
- Penn Mutual Asset Management's largest Q3 2019 buy was Barrick Mining: 175,500 shares worth $3.04M.
- Penn Mutual Asset Management added most to VanEck JP Morgan EM Local Currency Bond ETF in Q3 2019, an estimated $18.8M increase.
- Penn Mutual Asset Management's biggest Q3 2019 reduction was Eagle Point Credit Company, cutting an estimated $379K.
- Penn Mutual Asset Management fully exited AT&T in Q3 2019, selling an estimated $7.51M.
- Penn Mutual Asset Management's ten largest holdings make up 87% of its $148M portfolio in Q3 2019.
- Penn Mutual Asset Management opened 5 new positions and closed 4 in Q3 2019.
- Penn Mutual Asset Management's portfolio value rose 46% quarter-over-quarter to $148M.
Based on Penn Mutual Asset Management's 13F filing for Q3 2019, filed 7 Nov 2019.