Penn Mutual Asset Management
CIK
855702
Location
Conshohocken, PA
Portfolio Value
Micro
$12,137,789
Diversification
Moderately concentrated
Filing Date
Global Rank
#8,018
/ 8,603
▼ 8
· as of Mar 2026
Top Industry
REIT - Mortgage
84.6%
3Y Alpha vs SPY
-6.8%
Period ended 3 months ago
Filed May 8, 2026 · 2mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+52.2%
SPY
+76.0%
Annualised alpha
-5.7%
Max drawdown
−18.1%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
7 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
30.9%
+3.3 pts
Top 5
97.0%
+5.0 pts
Top 10
100.0%
0.0 pts
HHI
2,497
Moderately concentrated+387
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Real Estate | 84.6% | $10,269,940 |
| Technology | 9.6% | $1,170,119 |
| Healthcare | 5.7% | $697,730 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NOW | ServiceNow, Inc. | −2,923 | 2,392 | $250,083 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| BRZE | Braze, Inc. | 4,321 | $148,167 | |
| No positions match the current search. | ||||
7 positions ·
$12,137,789 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NLY |
Annaly Capital Management Inc
Real Estate
|
Held | 177,588 | $3,755,986 | 30.94% | |
| AGNC |
AGNC Investment Corp.
Real Estate
|
Held | 360,000 | $3,610,800 | 29.75% | |
| ARR |
Armour Residential REIT, Inc.
Real Estate
|
Held | 174,050 | $2,903,154 | 23.92% | |
| RBRK |
Rubrik, Inc.
Technology
|
Held | 16,472 | $806,633 | 6.65% | |
| PHAT |
Phathom Pharmaceuticals, Inc.
Healthcare
|
Held | 62,802 | $697,730 | 5.75% | |
| NOW |
ServiceNow, Inc.
Technology
|
Reduced | 2,392 | $250,083 | 2.06% | |
| TTAN |
ServiceTitan, Inc.
Technology
|
Held | 1,787 | $113,403 | 0.93% |