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.
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 |