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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
EMLC icon
1
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.79B
$31.5M 25.34%
926,100
+193,000
+26% +$6.47M
AGNC icon
2
AGNC Investment
AGNC
$12.4B
$12.4M 9.95%
698,800
-757,700
-52% -$12.9M
NLY icon
3
Annaly Capital Management
NLY
$17.1B
$12.1M 9.75%
321,200
-273,250
-46% -$9.96M
FAX
4
DELISTED
abrdn Asia-Pacific Income Fund
FAX
$11.8M 9.53%
464,181
– –
EDD
5
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$375M
$10.8M 8.7%
1,546,241
– –
WFC.PRL icon
6
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.71B
$8.7M 7.01%
6,000
– –
RITM icon
7
Rithm Capital
RITM
$5.52B
$6.96M 5.6%
432,000
-475,000
-52% -$7.46M
EMD
8
Western Asset Emerging Markets Debt Fund
EMD
$609M
$4.98M 4.01%
349,101
– –
SPG icon
9
Simon Property Group
SPG
$74.4B
$4.62M 3.72%
31,000
– –
CMO
10
DELISTED
Capstead Mortgage Corp.
CMO
$3.75M 3.02%
473,165
– –
B
11
Barrick Mining
B
$61.5B
$3.26M 2.63%
175,500
– –
GHY
12
PGIM Global High Yield Fund
GHY
$478M
$2.48M 2%
165,301
– –
DBRG icon
13
DigitalBridge
DBRG
$2.93B
$1.68M 1.35%
88,235
– –
ET icon
14
Energy Transfer Partners
ET
$70.1B
$1.23M 0.99%
95,500
+25,500
+36% +$314K
BCX icon
15
BlackRock Resources & Commodities Strategy Trust
BCX
$919M
$1.22M 0.98%
150,600
– –
D icon
16
Dominion Energy
D
$60.8B
$990K 0.8%
12,426
– –
TWO
17
Two Harbors Investment
TWO
$1.27B
$731K 0.59%
12,500
-96,750
-89% -$5.48M
PAA icon
18
Plains All American Pipeline
PAA
$17.3B
$726K 0.58%
39,500
+17,500
+80% +$322K
VALE icon
19
Vale
VALE
$64.1B
$723K 0.58%
28,953
– –
UPWK icon
20
Upwork
UPWK
$1.13B
$403K 0.32%
37,723
-21,840
-37% -$275K
TGE
21
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
$369K 0.3%
+16,700
New +$320K
RA
22
Brookfield Real Assets Income Fund
RA
$708M
$368K 0.3%
17,256
– –
PSXP
23
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
$336K 0.27%
+5,450
New +$307K
EPD icon
24
Enterprise Products Partners
EPD
$82.3B
$327K 0.26%
+11,600
New +$314K
WES icon
25
Western Midstream Partners
WES
$19.2B
$325K 0.26%
+16,500
New +$342K
1
2

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HIM
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QC
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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.