Penn Mutual Asset Management

Q4 2025 13F-HR Holdings

Location
Conshohocken, PA
Holdings as of
12/31/2025
Date filed
1/23/2026
Form type
13F-HR
Num holdings
12
Total value ($000)
$167,294
Net value change ($000)
+115,820 (225.0%)
New positions
4
Sold out positions
52
Turnover %
101.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 12/3/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
LQD 142,182 NEW
NOW 814 NEW
ARR 479 18.4%
RBRK 393 45.3%
NLY 382 10.6%
AGNC 335 9.5%
PHAT 303 41.0%
TTAN 190 NEW
BRZE 148 NEW
EMLC 6 1.3%
Top Reduces (Value $000, Stocks/ETFs)
PKE -1,058 -100.0%
OPRA -1,041 -100.0%
HII -929 -100.0%
CSV -823 -100.0%
B -813 -100.0%
PZZA -804 -100.0%
AEM -792 -100.0%
IMMR -763 -100.0%
NC -741 -100.0%
ALCO -728 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type