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PMAM
Penn Mutual Asset Management Portfolio holdings
AUM
$19.5M
Turnover
20%
1-Year Est. Return
3.07%
This Fund
S&P 500
This Quarter
Est. Return
-0.13%
1 Year Est. Return
+3.07%
3 Year Est. Return
+28.69%
5 Year Est. Return
+16.53%
10 Year Est. Return
–
AUM
$167M
AUM Growth
+$116M
(+225%)
Cap. Flow
+$119M
Cap. Flow
% of AUM
71.17%
Top 10 Holdings %
Top 10 Hldgs %
99.8%
Holding
64
New
4
Increased
1
Reduced
–
Closed
52
Avg Time Held
1.7
years
Top 10 Avg Time Held
1
year
Top 20 Avg Time Held
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$143M |
| 2 |
ServiceNow
NOW
|
+$912K |
| 3 |
Rubrik
RBRK
|
+$455K |
| 4 |
ServiceTitan Inc
TTAN
|
+$175K |
| 5 |
Braze
BRZE
|
+$128K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Park Aerospace
PKE
|
+$1.06M |
| 2 |
Opera Ltd
OPRA
|
+$1.04M |
| 3 |
Huntington Ingalls Industries
HII
|
+$929K |
| 4 |
Carriage Services
CSV
|
+$823K |
| 5 |
Barrick Mining
B
|
+$813K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 91.41% |
| 2 | Real Estate | 6.52% |
| 3 | Technology | 1.44% |
| 4 | Healthcare | 0.62% |
| 5 | Energy | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.4B
| $142M | 84.99% |
+1,290,332
| New | +$143M |
2025 Q4
0 quarters
|
|
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.3B
| $7.27M | 4.35% |
6,000
| – | – |
2022 Q3
13 quarters
|
|
3
Annaly Capital Management
NLY
$13.9B
| $3.97M | 2.37% |
177,588
| – | – |
2023 Q4
8 quarters
|
|
4
AGNC Investment
AGNC
$10.5B
| $3.86M | 2.31% |
360,000
| – | – |
2023 Q4
8 quarters
|
|
5
Armour Residential REIT
ARR
$1.93B
| $3.08M | 1.84% |
174,050
| – | – |
2024 Q1
7 quarters
|
|
6
iShares Preferred and Income Securities ETF
PFF
$12.1B
| $3.01M | 1.8% |
97,300
| – | – |
2022 Q4
12 quarters
|
|
|
7
Rubrik
RBRK
$24.6B
| $1.26M | 0.75% |
16,472
+5,931
| +56% | +$455K |
2025 Q1
3 quarters
|
|
8
Phathom Pharmaceuticals
PHAT
$607M
| $1.04M | 0.62% |
62,802
| – | – |
2022 Q1
15 quarters
|
|
|
9
ServiceNow
NOW
$154B
| $814K | 0.49% |
+5,315
| New | +$912K |
2025 Q4
0 quarters
|
|
10
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.96B
| $465K | 0.28% |
18,000
| – | – |
2022 Q1
15 quarters
|
|
|
11
ServiceTitan Inc
TTAN
$7.34B
| $190K | 0.11% |
+1,787
| New | +$175K |
2025 Q4
0 quarters
|
|
|
12
Braze
BRZE
$3.45B
| $148K | 0.09% |
+4,321
| New | +$128K |
2025 Q4
0 quarters
|
|
13
Aaon
AAON
$6.37B
| – | – |
-6,500
| Closed | -$607K | – |
|
14
Adeia
ADEA
$2.4B
| – | – |
-30,000
| Closed | -$504K | – |
|
15
Agnico Eagle Mines
AEM
$95B
| – | – |
-4,700
| Closed | -$792K | – |
|
16
AES
AES
$10.7B
| – | – |
-34,500
| Closed | -$454K | – |
|
17
Argan
AGX
$5.15B
| – | – |
-1,542
| Closed | -$416K | – |
|
18
Alico
ALCO
$282M
| – | – |
-21,000
| Closed | -$728K | – |
|
19
Arcos Dorados Holdings
ARCO
$1.7B
| – | – |
-106,000
| Closed | -$716K | – |
|
20
British American Tobacco
BTI
$125B
| – | – |
-5,200
| Closed | -$276K | – |
|
21
Citigroup
C
$207B
| – | – |
-3,500
| Closed | -$355K | – |
|
22
Cracker Barrel
CBRL
$1.51B
| – | – |
-6,900
| Closed | -$304K | – |
|
23
Choiceone Financial
COFS
$492M
| – | – |
-13,500
| Closed | -$391K | – |
|
24
Columbia Banking Systems
COLB
$8.1B
| – | – |
-10,000
| Closed | -$257K | – |
|
|
25
Carriage Services
CSV
$574M
| – | – |
-18,468
| Closed | -$823K | – |
|
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Penn Mutual Asset Management's Q4 2025 Portfolio in Review
As of Q4 2025, Penn Mutual Asset Management held 64 positions worth $167M, up 225% from $51.5M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Penn Mutual Asset Management deployed $119M of net new capital in Q4 2025, opening 4 new positions and adding to 1 existing holding. Its largest new stake was iShares iBoxx $ Investment Grade Corporate Bond ETF: 1,290,332 shares worth $142M.
By sector, the portfolio is most concentrated in Miscellaneous at 91% of assets, up from 27% a quarter earlier, followed by Real Estate and Technology.
On the sell side, the most notable exit was Park Aerospace, an estimated $1.06M sold.
- Penn Mutual Asset Management's largest Q4 2025 buy was iShares iBoxx $ Investment Grade Corporate Bond ETF: 1,290,332 shares worth $142M.
- Penn Mutual Asset Management added most to Rubrik in Q4 2025, an estimated $455K increase.
- Penn Mutual Asset Management fully exited Park Aerospace in Q4 2025, selling an estimated $1.06M.
- Penn Mutual Asset Management's ten largest holdings make up 100% of its $167M portfolio in Q4 2025.
- Penn Mutual Asset Management opened 4 new positions and closed 52 in Q4 2025.
- Penn Mutual Asset Management's portfolio value rose 225% quarter-over-quarter to $167M.
Based on Penn Mutual Asset Management's 13F filing for Q4 2025, filed 23 Jan 2026.