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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
+12.32%
1 Year Est. Return
+3.07%
3 Year Est. Return
+28.69%
5 Year Est. Return
+16.53%
10 Year Est. Return
–
AUM
$89.6M
AUM Growth
+$13.2M
(+17%)
Cap. Flow
-$3.32M
Cap. Flow
% of AUM
-3.71%
Top 10 Holdings %
Top 10 Hldgs %
45.63%
Holding
77
New
14
Increased
8
Reduced
5
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Spok Holdings
SPOK
|
+$3.26M |
| 2 |
iShares Preferred and Income Securities ETF
PFF
|
+$2.31M |
| 3 |
Artisan Partners
APAM
|
+$1.46M |
| 4 |
Argan
AGX
|
+$1.33M |
| 5 |
Evolution Petroleum
EPM
|
+$1.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rithm Capital
RITM
|
+$2.63M |
| 2 |
JPS
Nuveen Preferred & Income Securities Fund
JPS
|
+$2.03M |
| 3 |
Annaly Capital Management
NLY
|
+$1.52M |
| 4 |
FBRT
Franklin BSP Realty Trust
FBRT
|
+$669K |
| 5 |
Warner Bros
WBD
|
+$397K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 14.67% |
| 2 | Energy | 10.44% |
| 3 | Healthcare | 9.8% |
| 4 | Technology | 7.62% |
| 5 | Materials | 6.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.71B
| $7.11M | 7.94% |
6,000
| – | – |
|
2
BlackRock Resources & Commodities Strategy Trust
BCX
$919M
| $5.79M | 6.47% |
581,181
| – | – |
|
|
FBRT
3
Franklin BSP Realty Trust
FBRT
$630M
| $4.51M | 5.04% |
349,988
-50,000
| -13% | -$669K |
|
|
EDD
4
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$375M
| $4.24M | 4.73% |
963,819
| – | – |
|
|
FAX
5
DELISTED
abrdn Asia-Pacific Income Fund
FAX
| $3.96M | 4.42% |
250,643
| – | – |
|
6
Simon Property Group
SPG
$74.4B
| $3.55M | 3.97% |
30,240
| – | – |
|
|
7
Spok Holdings
SPOK
$228M
| $3.29M | 3.67% |
+401,260
| New | +$3.26M |
|
8
AGNC Investment
AGNC
$12.4B
| $3.17M | 3.54% |
306,362
| – | – |
|
9
AT&T
T
$159B
| $2.63M | 2.93% |
142,700
| – | – |
|
|
DLY
10
DoubleLine Yield Opportunities Fund
DLY
$682M
| $2.62M | 2.93% |
199,841
| – | – |
|
11
NVE Corp
NVEC
$562M
| $2.57M | 2.87% |
39,718
| – | – |
|
12
Future Fuel
FF
$217M
| $2.55M | 2.85% |
313,564
+136,935
| +78% | +$1.03M |
|
|
13
Evolution Petroleum
EPM
$132M
| $2.41M | 2.69% |
318,980
+175,712
| +123% | +$1.32M |
|
14
IBM
IBM
$211B
| $2.37M | 2.65% |
16,855
+3,000
| +22% | +$414K |
|
|
15
iShares Preferred and Income Securities ETF
PFF
$13.3B
| $2.27M | 2.53% |
+74,300
| New | +$2.31M |
|
|
16
Argan
AGX
$8B
| $1.88M | 2.1% |
51,027
+37,747
| +284% | +$1.33M |
|
|
B
17
Barrick Mining
B
$61.5B
| $1.72M | 1.92% |
100,000
+25,000
| +33% | +$398K |
|
18
MPLX
MPLX
$59.3B
| $1.71M | 1.91% |
52,127
+7,850
| +18% | +$257K |
|
19
Healthcare Services Group
HCSG
$1.6B
| $1.64M | 1.83% |
136,770
| – | – |
|
20
LSI Industries
LYTS
$859M
| $1.64M | 1.83% |
133,594
+60,604
| +83% | +$606K |
|
21
Energy Transfer Partners
ET
$70.1B
| $1.58M | 1.77% |
133,500
| – | – |
|
|
22
Artisan Partners
APAM
$2.79B
| $1.41M | 1.58% |
+47,550
| New | +$1.46M |
|
23
Enterprise Products Partners
EPD
$82.3B
| $1.39M | 1.55% |
57,663
| – | – |
|
24
Sanofi
SNY
$103B
| $1.33M | 1.49% |
+27,500
| New | +$1.21M |
|
25
Plains All American Pipeline
PAA
$17.3B
| $1.29M | 1.44% |
109,500
| – | – |
|
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B
Penn Mutual Asset Management's Q4 2022 Portfolio in Review
As of Q4 2022, Penn Mutual Asset Management held 77 positions worth $89.6M, up 17% from $76.4M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Penn Mutual Asset Management withdrew a net $3.32M in Q4 2022, closing 16 positions and reducing 5 holdings. Its most notable exit was Rithm Capital, an estimated $2.63M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 15% of assets, down from 20% a quarter earlier, followed by Energy and Healthcare.
Against the trend, Penn Mutual Asset Management opened a new position in Spok Holdings worth $3.29M.
- Penn Mutual Asset Management's largest Q4 2022 buy was Spok Holdings: 401,260 shares worth $3.29M.
- Penn Mutual Asset Management added most to Argan in Q4 2022, an estimated $1.33M increase.
- Penn Mutual Asset Management's biggest Q4 2022 reduction was Franklin BSP Realty Trust, cutting an estimated $669K.
- Penn Mutual Asset Management fully exited Rithm Capital in Q4 2022, selling an estimated $2.63M.
- Penn Mutual Asset Management's ten largest holdings make up 46% of its $89.6M portfolio in Q4 2022.
- Penn Mutual Asset Management opened 14 new positions and closed 16 in Q4 2022.
- Penn Mutual Asset Management's portfolio value rose 17% quarter-over-quarter to $89.6M.
Based on Penn Mutual Asset Management's 13F filing for Q4 2022, filed 13 Feb 2023.