Penn Mutual Asset Management

Name: Penn Mutual Asset Management 13F holdings, Q2 2026
Creator: Penn Mutual Asset Management
Published: 2026-07-24

Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 24, 2026), Penn Mutual Asset Management reported 8 stock positions worth $12.5 million. Its top holding was Annaly Capital Management (NLY) at 31.7% of the portfolio, followed by AGNC Investment (AGNC, 31.3%) and Armour Residential REIT (ARR, 24.2%). Compared with Q1 2026, it opened 1 new position, sold out of 1 and reduced 2. The biggest buy was a new position in Navan Class A (NAVN) and the biggest sale Rubrik Class A (RBRK, shares −85%).

Most Recent 13F: Q2 2026
Location: Conshohocken, PA
CIK: 0000855702
Portfolio Value: $12.5M (Q2 2026)
SEC Filing: 0001193125-26-315380 ↗ filed Jul 24, 2026

Holdings Value

Holdings 8 stocks · $12.5M


NLY Annaly Capital Management Inc.	31.65%	177,588	$4.0M	No change
AGNC AGNC Investment Corp.	31.28%	360,000	$3.9M	No change
ARR Armour Residential REIT Inc.	24.21%	174,050	$3.0M	No change
PHAT Phathom Pharmaceuticals Inc.	5.43%	62,802	$681K	No change
EMLC Vaneck JPM Em Local Curr BND	3.67%	18,000	$460K	No change
RBRK Rubrik Inc. Class A	1.58%	2,467	$198K	Reduce -85.0%
NAVN Navan Inc. Class A	1.51%	8,299	$190K	New
TTAN Servicetitan Inc. Class A	0.67%	1,187	$84K	Reduce -33.6%

Other holdings (1): bonds, preferreds, convertibles and warrants · $6.9M (not counted above)

Security	Class	Shares / Principal	Value	Change
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	6,000	$6.9M	No change

Total filed on the 13F, all lines: $19.5M.

Portfolio Sells Q1 2026 → Q2 2026


RBRK Rubrik Inc. Class A	Reduce -85.0%	1.58%	−4.83
NOW ServiceNow Inc.	Sold out	0.00%	−1.99
TTAN Servicetitan Inc. Class A	Reduce -33.6%	0.67%	−0.23

Portfolio Buys Q1 2026 → Q2 2026


NAVN Navan Inc. Class A	New	1.51%	+1.51

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	8	$12.5M	NLY, AGNC, ARR, PHAT, EMLC
Q1 2026	8	$12.6M	NLY, AGNC, ARR, RBRK, PHAT
Q4 2025	11	$160.0M	LQD, NLY, AGNC, ARR, PFF
Q3 2025	59	$40.9M	NLY, AGNC, PFF, ARR, PKE
Q2 2025	63	$45.1M	RBRK, NLY, AGNC, PFF, ARR
Q1 2025	57	$39.5M	NLY, AGNC, PFF, ARR, RBRK
Q4 2024	56	$38.6M	AGNC, ARR, NLY, PFF, AES
Q3 2024	49	$35.1M	AGNC, NLY, ARR, PFF, CMTL
Q2 2024	53	$30.3M	AGNC, NLY, ARR, PFF, PHAT
Q1 2024	52	$30.7M	AGNC, NLY, ARR, PFF, UTMD