Liberty Mutual Group Asset Management Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 28, 2025), Liberty Mutual Group Asset Management Inc. reported 19 stock positions worth $460.6 million. Its top holding was Ishr Ibx Usd Hiyld CB ETF-Ui (HYG) at 51.5% of the portfolio, followed by Wisdomtree Japan Hedged Eq (DXJ, 23.3%) and Qxo (QXO, 19.1%). Compared with Q1 2025, it opened 8 new positions, sold out of 4, added to 1 and reduced 3. The biggest buy was a new position in Ishr Ibx Usd Hiyld CB ETF-Ui (HYG) and the biggest sale an exit from Vanguard S&P 500 ETF (VOO).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001533497
Portfolio Value
$460.6M (Q2 2025)
SEC Filing
0000950123-25-006645 ↗ filed Jul 28, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $351.0M Q1 2024 Q2 2024: $679.3M Q2 2024 Q3 2024: $660.1M Q3 2024 Q4 2024: $420.1M Q4 2024 Q1 2025: $301.0M Q1 2025 Q2 2025: $460.6M $460.6M Q2 2025 Q3 2025: $314.5M Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 19 stocks · $460.6M
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 51.54% 2,943,489 $237.4M New
DXJ Wisdomtree Japan Hedged Eq 23.34% 941,000 $107.5M Add +34.7%
QXO Qxo Inc. 19.09% 4,082,787 $87.9M No change
BKLN Invesco Senior Loan ETF 2.27% 500,000 $10.5M New
AFRM Affirm Holdings Inc. 1.04% 69,374 $4.8M No change
TTAN Servicetitan Inc. Class A 0.53% 22,960 $2.5M New
SMC Summit Midstream Corp. 0.45% 84,840 $2.1M No change
BRZE Braze Inc. Class A 0.35% 57,886 $1.6M New
DASH DoorDash Inc. Class A 0.33% 6,258 $1.5M New
CXM Sprinklr Inc. Class A 0.29% 159,798 $1.4M New
KORE Kore Group Holdings Inc. 0.17% 319,600 $764K No change
RBRK Rubrik Inc. Class A 0.16% 8,248 $739K Reduce -54.0%
AMPL Amplitude Inc. Class A 0.16% 58,452 $725K Reduce -37.1%
IOT Samsara Inc. Class A 0.13% 15,398 $613K New
CRGY Crescent Energy Inc. Class A 0.08% 18,262 $354K Reduce -55.6%
KVYO Klaviyo Inc. Class A 0.05% 6,398 $215K New
OPEN Opendoor Technologies Inc. 0.00% 41,711 $22K No change
AM Antero Midstream Corp. 0.00% 32,312 $0 No change
REPX Riley Exploration Permian Inc. 0.00% 13,599 $0 No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $12K (not counted above)
SecurityClassShares / PrincipalValueChange
GCTS.WS Concord Acq Class A -CW28 *W EXP 03/01/202 125,000$12KNo change

Total filed on the 13F, all lines: $460.6M.

Portfolio Sells Q1 2025 → Q2 2025
VOO Vanguard S&P 500 ETF Sold out 0.00% −47.72
AMPS Altus Power Inc. Sold out 0.00% −4.80
TEM Tempus AI Inc. Class A Sold out 0.00% −0.39
RBRK Rubrik Inc. Class A Reduce -54.0% 0.16% −0.20
AMPL Amplitude Inc. Class A Reduce -37.1% 0.16% −0.16
CRGY Crescent Energy Inc. Class A Reduce -55.6% 0.08% −0.08
FRSH Freshworks Inc. Class A Sold out 0.00% −0.04

Portfolio Buys Q1 2025 → Q2 2025
HYG Ishr Ibx Usd Hiyld CB ETF-Ui New 51.54% +51.54
BKLN Invesco Senior Loan ETF New 2.27% +2.27
TTAN Servicetitan Inc. Class A New 0.53% +0.53
BRZE Braze Inc. Class A New 0.35% +0.35
DASH DoorDash Inc. Class A New 0.33% +0.33
CXM Sprinklr Inc. Class A New 0.29% +0.29
IOT Samsara Inc. Class A New 0.13% +0.13
KVYO Klaviyo Inc. Class A New 0.05% +0.05
DXJ Wisdomtree Japan Hedged Eq Add +34.7% 23.34% −2.23

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 38$1.1BSRLN, VOO, FRVO, IEF, HYG
Q1 2026 27$1.2BCRGY, VOO, SRLN, IEF, HYG
Q4 2025 28$1.1BCRGY, HYG, DXJ, VOO, QXO
Q3 2025 12$314.5MDXJ, HYG, QXO, SRLN, AFRM
Q2 2025 19$460.6MHYG, DXJ, QXO, BKLN, AFRM
Q1 2025 15$301.0MVOO, DXJ, QXO, AMPS, AFRM
Q4 2024 14$420.1MVOO, BKLN, DXJ, QXO, AMPS
Q3 2024Amended 48$660.1MSPY, LQD, USHY, QXO, DXJ
Q2 2024Amended 116$679.3MBKLN, VCIT, VOO, SRLN, AMPS
Q1 2024Amended 117$351.0MVCIT, HYG, AMPS, AMT, PLD