Liberty Mutual Group Asset Management Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Liberty Mutual Group Asset Management Inc. reported 28 stock positions worth $1.1 billion. Its top holding was Crescent Energy Class A (CRGY) at 29.4% of the portfolio, followed by Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, 20.2%) and Wisdomtree Japan Hedged Eq (DXJ, 12.9%). Compared with Q3 2025, it opened 16 new positions and added to 3. The biggest buy was Crescent Energy Class A (CRGY, shares +89532%).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001533497
Portfolio Value
$1.1B (Q4 2025)
SEC Filing
0001193125-26-050451 ↗ filed Feb 13, 2026

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 Q2 2025 Q3 2025: $314.5M Q3 2025 Q4 2025: $1.1B $1.1B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 28 stocks · $1.1B
CRGY Crescent Energy Inc. Class A 29.42% 36,854,746 $309.2M Add +89531.7%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 20.19% 2,631,349 $212.2M Add +158.6%
DXJ Wisdomtree Japan Hedged Eq 12.91% 941,000 $135.7M No change
VOO Vanguard S&P 500 ETF 11.00% 184,247 $115.5M New
QXO Qxo Inc. 7.49% 4,082,787 $78.8M No change
SRLN SS Blackstone Sr Loan ETF 5.72% 1,457,094 $60.1M Add +142.4%
IGLB iShares 10+ Year Inv GR Corp. 3.47% 722,063 $36.4M New
USHY iShares Broad Usd High Yield 2.39% 671,051 $25.1M New
IEF iShares 7-10 Year Treasury B 2.37% 258,759 $24.9M New
OBDC Blue Owl Capital Corp. 1.02% 865,225 $10.8M New
ARCC Ares Capital Corp. 0.75% 389,962 $7.9M New
MSDL Morgan Stanley Direct Lendin 0.56% 359,773 $5.9M New
AFRM Affirm Holdings Inc. 0.49% 69,374 $5.2M No change
CCL Carnival Corp. 0.41% 140,416 $4.3M New
NOW ServiceNow Inc. 0.31% 21,261 $3.3M New
DDOG Datadog Inc. Class A 0.30% 22,926 $3.1M New
HOOD Robinhood Markets Inc. Class A 0.25% 23,065 $2.6M New
SMC Summit Midstream Corp. 0.22% 84,840 $2.3M No change
ABNB Airbnb Inc. Class A 0.19% 14,953 $2.0M New
TTAN Servicetitan Inc. Class A 0.13% 13,031 $1.4M New
BRZE Braze Inc. Class A 0.13% 40,410 $1.4M New
KORE Kore Group Holdings Inc. 0.13% 319,600 $1.3M No change
CRCL Circle Internet Group Inc. 0.08% 10,928 $867K New
FRSH Freshworks Inc. Class A 0.03% 23,812 $292K No change
OPEN Opendoor Technologies Inc. 0.02% 41,711 $243K No change
RBRK Rubrik Inc. Class A 0.02% 2,576 $197K New
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 · $9K (not counted above)
SecurityClassShares / PrincipalValueChange
GCTS.WS Concord Acq Class A -CW28 *W EXP 03/01/202 125,000$9KNo change

Total filed on the 13F, all lines: $1.1B.

Portfolio Sells Q3 2025 → Q4 2025
None this quarter.

Portfolio Buys Q3 2025 → Q4 2025
CRGY Crescent Energy Inc. Class A Add +89531.7% 29.42% +29.31
VOO Vanguard S&P 500 ETF New 11.00% +11.00
IGLB iShares 10+ Year Inv GR Corp. New 3.47% +3.47
USHY iShares Broad Usd High Yield New 2.39% +2.39
IEF iShares 7-10 Year Treasury B New 2.37% +2.37
OBDC Blue Owl Capital Corp. New 1.02% +1.02
ARCC Ares Capital Corp. New 0.75% +0.75
MSDL Morgan Stanley Direct Lendin New 0.56% +0.56
CCL Carnival Corp. New 0.41% +0.41
NOW ServiceNow Inc. New 0.31% +0.31
DDOG Datadog Inc. Class A New 0.30% +0.30
HOOD Robinhood Markets Inc. Class A New 0.25% +0.25
ABNB Airbnb Inc. Class A New 0.19% +0.19
TTAN Servicetitan Inc. Class A New 0.13% +0.13
BRZE Braze Inc. Class A New 0.13% +0.13
CRCL Circle Internet Group Inc. New 0.08% +0.08
RBRK Rubrik Inc. Class A New 0.02% +0.02
SRLN SS Blackstone Sr Loan ETF Add +142.4% 5.72% −2.23
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +158.6% 20.19% −6.09

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