Institutional Manager · CIK 0000855702
Penn Mutual Asset Management
Conshohocken, PA · File #028-18923
Latest AUM
$51.5M
Positions
62
Top-10 Concentration
99.8%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-12
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | ISHARES TR IBOXX INV CP ETF | 464287242 | -1,290,332 | -$142.2M | $0 |
| NEW | CERENCE INC NOTE 1.500 7/0 | CRNC | +2,575,000 | +$2.1M | $0 |
| NEW | PARK AEROSPACE CORP COM | PKE | +52,000 | +$1.1M | $0 |
| NEW | OPERA LTD SPONSORED ADS | OPRA | +50,419 | +$1.0M | $0 |
| NEW | PACIRA BIOSCIENCES INC NOTE 2.125 5/1 | PCRX | +1,000,000 | +$1.0M | $0 |
| NEW | HUNTINGTON INGALLS INDS INC COM | 446413106 | +3,225 | +$928,510 | $0 |
| NEW | CARRIAGE SVCS INC COM | 143905107 | +18,468 | +$822,565 | $0 |
| EXITED | SERVICENOW INC COM | NOW | -5,315 | -$814,205 | $0 |
| NEW | BARRICK MNG CORP COM SHS | 06849F108 | +24,800 | +$812,696 | $0 |
| NEW | PAPA JOHNS INTL INC COM | 698813102 | +16,700 | +$804,105 | $0 |
Sector Allocation
Filing History
- 13F COMBINATION REPORTQ/E Dec 202512 pos · $167.3M
- 13F COMBINATION REPORTQ/E Dec 202562 pos · $51.5M
- 13F COMBINATION REPORTQ/E Jun 202567 pos · $56.6M
- 13F COMBINATION REPORTQ/E Mar 202562 pos · $52.1M
- 13F COMBINATION REPORTQ/E Dec 202468 pos · $55.4M
- 13F COMBINATION REPORTQ/E Sep 202460 pos · $50.4M
- 13F COMBINATION REPORTQ/E Jun 202465 pos · $47.0M
- 13F COMBINATION REPORTQ/E Mar 202462 pos · $46.9M
- 13F COMBINATION REPORTQ/E Dec 202369 pos · $106.6M
Top 12 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ISHARES TR IBOXX INV CP ETF | 464287242 | 1,290,332 | $142.2M | 84.99% |
| 2 | WELLS FARGO CO NEW PERP PFD CNV A | 949746804 | 6,000 | $7.3M | 4.35% |
| 3 | ANNALY CAPITAL MANAGEMENT IN COM NEW | NLY-PJ | 177,588 | $4.0M | 2.37% |
| 4 | AGNC INVT CORP COM | 00123Q104 | 360,000 | $3.9M | 2.31% |
| 5 | ARMOUR RESIDENTIAL REIT INC COM SHS | ARR-PC | 174,050 | $3.1M | 1.84% |
| 6 | ISHARES TR PFD AND INCM SEC | 464288687 | 97,300 | $3.0M | 1.80% |
| 7 | RUBRIK INC. CL A | RBRK | 16,472 | $1.3M | 0.75% |
| 8 | PHATHOM PHARMACEUTICALS INC COM | PHAT | 62,802 | $1.0M | 0.62% |
| 9 | SERVICENOW INC COM | NOW | 5,315 | $814,205 | 0.49% |
| 10 | VANECK ETF TRUST JP MRGAN EM LOC | 92189H300 | 18,000 | $464,760 | 0.28% |
| 11 | SERVICETITAN INC SHS CL A | TTAN | 1,787 | $190,316 | 0.11% |
| 12 | BRAZE INC COM CL A | BRZE | 4,321 | $148,167 | 0.09% |