Q3 2025 · 13F-HR
Penn Mutual Asset Managementholdings as filed
Filed 2025-12-03 · accession 0001193125-25-306544
$51.5M
Reported value
62
Positions
2025-09-30
Period end
The Brief · Penn Mutual Asset Management · Q3 2025
AI · grounded in 13F
Penn Mutual Asset Management established a new position in WELLS FARGO CO NEW PERP PFD CNV A [[stock:WFC 7.5 PERP L]] valued at $7.4M. The fund also added new positions in ANNALY CAPITAL MANAGEMENT IN COM NEW NLY and AGNC INVT CORP COM AGNC, each worth approximately $3.5M. Additional new entries include ISHARES TR PFD AND INCM SEC PFF at $3.1M and ARMOUR RESIDENTIAL REIT INC COM SHS ARR at $2.6M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 949746804 | WFC 7.5 PERP L | WELLS FARGO CO NEW PERP PFD CNV A | $7.4M | 14.4% | 6,000 | Common | SOLE |
| 035710839 | NLY | ANNALY CAPITAL MANAGEMENT IN COM NEW | $3.6M | 6.97% | 177,588 | Common | SOLE |
| 00123Q104 | AGNC | AGNC INVT CORP COM | $3.5M | 6.85% | 360,000 | Common | SOLE |
| 464288687 | PFF | ISHARES TR PFD AND INCM SEC | $3.1M | 5.98% | 97,300 | Common | SOLE |
| 042315705 | ARR | ARMOUR RESIDENTIAL REIT INC COM SHS | $2.6M | 5.05% | 174,050 | Common | SOLE |
| 156727AD1 | CRNC 1.5 07/01/28 | CERENCE INC NOTE 1.500 7/0 | $2.1M | 4.14% | 2,575,000 | Common | SOLE |
| 70014A104 | PKE | PARK AEROSPACE CORP COM | $1.1M | 2.05% | 52,000 | Common | SOLE |
| 68373M107 | OPRA | OPERA LTD SPONSORED ADS | $1.0M | 2.02% | 50,419 | Common | SOLE |
| 695127AJ9 | PCRX | PACIRA BIOSCIENCES INC NOTE 2.125 5/1 | $1.0M | 1.98% | 1,000,000 | Common | SOLE |
| 446413106 | HII | HUNTINGTON INGALLS INDS INC COM | $928,510 | 1.80% | 3,225 | Common | SOLE |
| 781154109 | RBRK | RUBRIK INC. CL A | $866,997 | 1.68% | 10,541 | Common | SOLE |
| 143905107 | CSV | CARRIAGE SVCS INC COM | $822,565 | 1.60% | 18,468 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP COM SHS | $812,696 | 1.58% | 24,800 | Common | SOLE |
| 698813102 | PZZA | PAPA JOHNS INTL INC COM | $804,105 | 1.56% | 16,700 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD COM | $792,232 | 1.54% | 4,700 | Common | SOLE |
| 452521107 | IMMR | IMMERSION CORP COM | $763,360 | 1.48% | 104,000 | Common | SOLE |
| 629579103 | NC | NACCO INDS INC CL A | $741,088 | 1.44% | 17,578 | Common | SOLE |
| 71722W107 | PHAT | PHATHOM PHARMACEUTICALS INC COM | $739,180 | 1.44% | 62,802 | Common | SOLE |
| 016230104 | ALCO | ALICO INC COM | $727,860 | 1.41% | 21,000 | Common | SOLE |
| 754907103 | RYN | RAYONIER INC COM | $716,580 | 1.39% | 27,000 | Common | SOLE |
| G0457F107 | ARCO | ARCOS DORADOS HOLDINGS INC SHS CLASS -A - | $715,500 | 1.39% | 106,000 | Common | SOLE |
| 55336V100 | MPLX | MPLX LP COM UNIT REP LTD | $697,802 | 1.36% | 13,970 | Common | SOLE |
| 45867G101 | IDCC | INTERDIGITAL INC COM | $690,460 | 1.34% | 2,000 | Common | SOLE |
| 130788102 | CWT | CALIFORNIA WTR SVC GROUP COM | $686,056 | 1.33% | 14,950 | Common | SOLE |
| 987184108 | YORW | YORK WTR CO COM | $638,820 | 1.24% | 21,000 | Common | SOLE |
| 000360206 | AAON | AAON INC COM PAR $0.004 | $607,360 | 1.18% | 6,500 | Common | SOLE |
| 674599105 | OXY | OCCIDENTAL PETE CORP COM | $535,106 | 1.04% | 11,325 | Common | SOLE |
| 23130Q107 | CURI | CURIOSITYSTREAM INC COM CL A | $519,400 | 1.01% | 98,000 | Common | SOLE |
| 00676P107 | ADEA | ADEIA INC COM | $504,000 | 0.98% | 30,000 | Common | SOLE |
| 83175M205 | SNN | SMITH & NEPHEW PLC SPDN ADR NEW | $483,564 | 0.94% | 13,325 | Common | SOLE |
| G6564A105 | NOMD | NOMAD FOODS LTD USD ORD SHS | $479,975 | 0.93% | 36,500 | Common | SOLE |
| 577128101 | MATW | MATTHEWS INTL CORP CL A | $461,320 | 0.90% | 19,000 | Common | SOLE |
| Y27183600 | GSL | GLOBAL SHIP LEASE INC NEW COM CL A | $460,500 | 0.89% | 15,000 | Common | SOLE |
| 92189H300 | EMLC | VANECK ETF TRUST JP MRGAN EM LOC | $459,180 | 0.89% | 18,000 | Common | SOLE |
| 00130H105 | AES | AES CORP COM | $454,020 | 0.88% | 34,500 | Common | SOLE |
| 610236101 | MNRO | MONRO INC COM | $449,250 | 0.87% | 25,000 | Common | SOLE |
| 68622V106 | OGN | ORGANON & CO COMMON STOCK | $448,560 | 0.87% | 42,000 | Common | SOLE |
| 04010E109 | AGX | ARGAN INC COM | $416,417 | 0.81% | 1,542 | Common | SOLE |
| 25179M103 | DVN | DEVON ENERGY CORP NEW COM | $404,943 | 0.79% | 11,550 | Common | SOLE |
| 170386106 | COFS | CHOICEONE FINL SVCS INC COM | $390,960 | 0.76% | 13,500 | Common | SOLE |
| 896215209 | TRS | TRIMAS CORP COM NEW | $386,400 | 0.75% | 10,000 | Common | SOLE |
| 800422107 | JBSS | SANFILIPPO JOHN B & SON INC COM | $385,680 | 0.75% | 6,000 | Common | SOLE |
| 668771108 | GEN | GEN DIGITAL INC COM | $369,070 | 0.72% | 13,000 | Common | SOLE |
| 81617J301 | WTTR | SELECT WATER SOLUTIONS INC CL A COM | $367,789 | 0.71% | 34,405 | Common | SOLE |
| 866674104 | SUI | SUN CMNTYS INC COM | $359,265 | 0.70% | 2,785 | Common | SOLE |
| 172967424 | C | CITIGROUP INC COM NEW | $355,250 | 0.69% | 3,500 | Common | SOLE |
| 50216C108 | LYTS | LSI INDS INC OHIO COM | $354,150 | 0.69% | 15,000 | Common | SOLE |
| 128246105 | CVGW | CALAVO GROWERS INC COM | $353,925 | 0.69% | 13,750 | Common | SOLE |
| 826917106 | SIGA | SIGA TECHNOLOGIES INC COM | $350,262 | 0.68% | 38,280 | Common | SOLE |
| 726503105 | PAA | PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN | $332,670 | 0.65% | 19,500 | Common | SOLE |
| 637372202 | NRC | NATIONAL RESH CORP COM NEW | $323,091 | 0.63% | 25,281 | Common | SOLE |
| 22410J106 | CBRL | CRACKER BARREL OLD CTRY STOR COM | $304,014 | 0.59% | 6,900 | Common | SOLE |
| 595017104 | MCHP | MICROCHIP TECHNOLOGY INC. COM | $288,990 | 0.56% | 4,500 | Common | SOLE |
| G97822103 | PRGO | PERRIGO CO PLC SHS | $285,056 | 0.55% | 12,800 | Common | SOLE |
| 747619104 | NX | QUANEX BLDG PRODS CORP COM | $284,400 | 0.55% | 20,000 | Common | SOLE |
| G5698W116 | LXFR | LUXFER HLDGS PLC SHS | $280,933 | 0.55% | 20,211 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC SPONSORED ADR | $276,016 | 0.54% | 5,200 | Common | SOLE |
| 197236102 | COLB | COLUMBIA BKG SYS INC COM | $257,400 | 0.50% | 10,000 | Common | SOLE |
| 36116M106 | FF | FUTUREFUEL CORP COM | $247,501 | 0.48% | 63,789 | Common | SOLE |
| 68287N100 | OSPN | ONESPAN INC COM | $238,350 | 0.46% | 15,000 | Common | SOLE |
| 928298108 | VSH | VISHAY INTERTECHNOLOGY INC COM | $229,500 | 0.45% | 15,000 | Common | SOLE |
| 49271V100 | KDP | KEURIG DR PEPPER INC COM | $178,570 | 0.35% | 7,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.