Penn Mutual Asset Management
Conshohocken, PA
$19m in 9 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 4.6% of the portfolio this quarter.
Value
$19m
Stocks
9
Top 10 share
100.0%
Turnover
4.6%
What changed this quarter
New
Bought for the first time this quarter.
- NavanNAVN1.0% of the fund
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- RubrikRBRK1.0% of the fund-85%
- ServiceTitanTTAN0.4% of the fund-34%
Sold out
Sold their entire stake.
- ServiceNowNOW-100%
Holdings
- Wells Fargo
- Share
- 35.6%
- Value
- $7m
- Shares
- 6,000
Held
- Vaneck ETF TrustEMLC
- Share
- 2.4%
- Value
- $460,080
- Shares
- 18,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Wells Fargo | 35.6% | $7m | 6,000 | Held |
| Annaly Capital ManagementNLY | 20.4% | $4m | 177,588 | Held |
| AGNC InvestmentAGNC | 20.1% | $4m | 360,000 | Held |
| Armour Residential REITARR | 15.6% | $3m | 174,050 | Held |
| Phathom PharmaceuticalsPHAT | 3.5% | $681,402 | 62,802 | Held |
| Vaneck ETF TrustEMLC | 2.4% | $460,080 | 18,000 | Held |
| RubrikRBRK | 1.0% | $198,051 | 2,467 | -85% |
| NavanNAVN | 1.0% | $189,798 | 8,299 | New |
| ServiceTitanTTAN | 0.4% | $83,933 | 1,187 | -34% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 62.6% since 30 June 2025.
Where the money is
Financial services40.5%
Real estate15.6%
Health care3.5%
Technology2.4%
Other38.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.