Penn Mutual Asset Management, LLC
Penn Mutual Asset Management, LLC, established in 1989, is a subsidiary of The Penn Mutual Life Insurance Company headquartered in Conshohocken, Pennsylvania. The firm specializes in asset management for institutions, primarily serving other insurance companies and investment companies. As of 2025, it manages $39.1 billion in assets and employs around 35 people, with a strong emphasis on investment management for the insurance and institutional market segments.
Investment Strategy
Penn Mutual Asset Management focuses on providing client-focused, fixed income investment solutions to institutional clients, notably insurance companies. Their approach is grounded in rigorous research and risk management, aiming to generate stable, long-term returns and capital preservation. The firm integrates disciplined portfolio management and strives to meet unique client objectives within the institutional marketplace.
Latest 13F Filing Activity
Penn Mutual Asset Management, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 64 equity positions with a total 13F market value of $57M. The fund increased holdings in Rubrik Inc., Servicetitan Inc., Barrick MNG Corp. among other positions. Penn Mutual Asset Management, LLC reduced exposure to Bristol-myers Squibb Co., Barrick Gold Corp., Argan Inc. among others.
Top Holdings
Equity Positions (64)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
W WFC-PL | WELLS FARGO CO NEW | 12.45% | $7.0M | 6,000 | $1204.00 | $1174.13 | -$160.0K |
R RBRK | RUBRIK INC. | 8.35% | $4.7M | 52,717 | $66.51 | $89.59 | +$2.1M |
N NLY | ANNALY CAPITAL MANAGEMENT IN | 5.91% | $3.3M | 177,588 | $19.42 | $18.82 | -$264.6K |
A AGNC | AGNC INVT CORP | 5.85% | $3.3M | 360,000 | $9.80 | $9.19 | -$140.4K |
P PFF | ISHARES TR | 5.28% | $3.0M | 97,300 | $30.69 | $30.68 | -$4.9K |
Industry Allocation
Investment Team (7)
| Name | Role | Location | |
|---|---|---|---|
 | Investment Analyst | Philadelphia, PA , United States | |
G Grace Ogden | Investment Analyst | Philadelphia, PA , United States | |
 | Portfolio Manager | Malvern, PA , United States | |
 | Investment Analyst | Atlanta, GA , United States | |
 | Chief Investment Officer | Horsham, PA , United States | |
A Afton Schikore | Investment Analyst | Jacksonville, FL , United States | |
G Greg Zappin | Portfolio Manager | Spring House, PA , United States |