Filed: 12/3/2025ACC: 0001193125-25-306544
📋 What this filing means
PENN MUTUAL ASSET MANAGEMENT filed this quarterly 13F‑HR report disclosing 62 equity positions with a total reported market value of $51.47M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
62
Positions
$51.47M
Total AUM (reported)
5.70M
Total Shares
Allocation by class
COM$20.25M39.3%
PERP PFD CNV A$7.41M14.4%
COM NEW$4.65M9.0%
COM SHS$3.41M6.6%
PFD AND INCM SEC$3.08M6.0%
NOTE 1.500% 7/0$2.13M4.1%
CL A$2.07M4.0%
Portfolio Concentration
Top 3$14.52M28.2%
4–10$11.86M23.0%
11–25$11.22M21.8%
Rest$13.88M27.0%
Top 3 weight
28.2%
Top 10 weight
51.2%
Voting Authority Distribution
Total shares with voting rights: 5.70M
Sole
Full voting authority
5.70M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole62
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings62
Rows:
WELLS FARGO CO NEW PERP PFD CNV A
SOLEShares6K
TypeSH
Market value$7.41M
14.39%
Sole
6K
Shared
0.00
None
0.00
ANNALY CAPITAL MANAGEMENT IN COM NEW
SOLEShares177.59K
TypeSH
Market value$3.59M
6.97%
Sole
177.59K
Shared
0.00
None
0.00
AGNC INVT CORP COM
SOLEShares360K
TypeSH
Market value$3.52M
6.85%
Sole
360K
Shared
0.00
None
0.00
ISHARES TR PFD AND INCM SEC
SOLEShares97.30K
TypeSH
Market value$3.08M
5.98%
Sole
97.30K
Shared
0.00
None
0.00
ARMOUR RESIDENTIAL REIT INC COM SHS
SOLEShares174.05K
TypeSH
Market value$2.60M
5.05%
Sole
174.05K
Shared
0.00
None
0.00
CERENCE INC NOTE 1.500 7/0
SOLEShares2.58M
TypePRN
Market value$2.13M
4.14%
Sole
2.58M
Shared
0.00
None
0.00
PARK AEROSPACE CORP COM
SOLEShares52K
TypeSH
Market value$1.06M
2.05%
Sole
52K
Shared
0.00
None
0.00
OPERA LTD SPONSORED ADS
SOLEShares50.42K
TypeSH
Market value$1.04M
2.02%
Sole
50.42K
Shared
0.00
None
0.00
PACIRA BIOSCIENCES INC NOTE 2.125 5/1
SOLEShares1M
TypePRN
Market value$1.02M
1.98%
Sole
1M
Shared
0.00
None
0.00
HUNTINGTON INGALLS INDS INC COM
SOLEShares3.23K
TypeSH
Market value$928.5K
1.80%
Sole
3.23K
Shared
0.00
None
0.00
RUBRIK INC. CL A
SOLEShares10.54K
TypeSH
Market value$867.0K
1.68%
Sole
10.54K
Shared
0.00
None
0.00
CARRIAGE SVCS INC COM
SOLEShares18.47K
TypeSH
Market value$822.6K
1.60%
Sole
18.47K
Shared
0.00
None
0.00
BARRICK MNG CORP COM SHS
SOLEShares24.80K
TypeSH
Market value$812.7K
1.58%
Sole
24.80K
Shared
0.00
None
0.00
PAPA JOHNS INTL INC COM
SOLEShares16.70K
TypeSH
Market value$804.1K
1.56%
Sole
16.70K
Shared
0.00
None
0.00
AGNICO EAGLE MINES LTD COM
SOLEShares4.70K
TypeSH
Market value$792.2K
1.54%
Sole
4.70K
Shared
0.00
None
0.00
IMMERSION CORP COM
SOLEShares104K
TypeSH
Market value$763.4K
1.48%
Sole
104K
Shared
0.00
None
0.00
NACCO INDS INC CL A
SOLEShares17.58K
TypeSH
Market value$741.1K
1.44%
Sole
17.58K
Shared
0.00
None
0.00
PHATHOM PHARMACEUTICALS INC COM
SOLEShares62.80K
TypeSH
Market value$739.2K
1.44%
Sole
62.80K
Shared
0.00
None
0.00
ALICO INC COM
SOLEShares21K
TypeSH
Market value$727.9K
1.41%
Sole
21K
Shared
0.00
None
0.00
RAYONIER INC COM
SOLEShares27K
TypeSH
Market value$716.6K
1.39%
Sole
27K
Shared
0.00
None
0.00
ARCOS DORADOS HOLDINGS INC SHS CLASS -A -
SOLEShares106K
TypeSH
Market value$715.5K
1.39%
Sole
106K
Shared
0.00
None
0.00
MPLX LP COM UNIT REP LTD
SOLEShares13.97K
TypeSH
Market value$697.8K
1.36%
Sole
13.97K
Shared
0.00
None
0.00
INTERDIGITAL INC COM
SOLEShares2K
TypeSH
Market value$690.5K
1.34%
Sole
2K
Shared
0.00
None
0.00
CALIFORNIA WTR SVC GROUP COM
SOLEShares14.95K
TypeSH
Market value$686.1K
1.33%
Sole
14.95K
Shared
0.00
None
0.00
YORK WTR CO COM
SOLEShares21K
TypeSH
Market value$638.8K
1.24%
Sole
21K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
WELLS FARGO CO NEW PERP PFD CNV ASOLE | PERP PFD CNV A | 6K | SH | $7.41M 14.39% | 6K | 0.00 | 0.00 |
ANNALY CAPITAL MANAGEMENT IN COM NEWSOLE | COM NEW | 177.59K | SH | $3.59M 6.97% | 177.59K | 0.00 | 0.00 |
AGNC INVT CORP COMSOLE | COM | 360K | SH | $3.52M 6.85% | 360K | 0.00 | 0.00 |
ISHARES TR PFD AND INCM SECSOLE | PFD AND INCM SEC | 97.30K | SH | $3.08M 5.98% | 97.30K | 0.00 | 0.00 |
ARMOUR RESIDENTIAL REIT INC COM SHSSOLE | COM SHS | 174.05K | SH | $2.60M 5.05% | 174.05K | 0.00 | 0.00 |
CERENCE INC NOTE 1.500 7/0SOLE | NOTE 1.500% 7/0 | 2.58M | PRN | $2.13M 4.14% | 2.58M | 0.00 | 0.00 |
PARK AEROSPACE CORP COMSOLE | COM | 52K | SH | $1.06M 2.05% | 52K | 0.00 | 0.00 |
OPERA LTD SPONSORED ADSSOLE | SPONSORED ADS | 50.42K | SH | $1.04M 2.02% | 50.42K | 0.00 | 0.00 |
PACIRA BIOSCIENCES INC NOTE 2.125 5/1SOLE | NOTE 2.125% 5/1 | 1M | PRN | $1.02M 1.98% | 1M | 0.00 | 0.00 |
HUNTINGTON INGALLS INDS INC COMSOLE | COM | 3.23K | SH | $928.5K 1.80% | 3.23K | 0.00 | 0.00 |
RUBRIK INC. CL ASOLE | CL A | 10.54K | SH | $867.0K 1.68% | 10.54K | 0.00 | 0.00 |
CARRIAGE SVCS INC COMSOLE | COM | 18.47K | SH | $822.6K 1.60% | 18.47K | 0.00 | 0.00 |
BARRICK MNG CORP COM SHSSOLE | COM SHS | 24.80K | SH | $812.7K 1.58% | 24.80K | 0.00 | 0.00 |
PAPA JOHNS INTL INC COMSOLE | COM | 16.70K | SH | $804.1K 1.56% | 16.70K | 0.00 | 0.00 |
AGNICO EAGLE MINES LTD COMSOLE | COM | 4.70K | SH | $792.2K 1.54% | 4.70K | 0.00 | 0.00 |
IMMERSION CORP COMSOLE | COM | 104K | SH | $763.4K 1.48% | 104K | 0.00 | 0.00 |
NACCO INDS INC CL ASOLE | CL A | 17.58K | SH | $741.1K 1.44% | 17.58K | 0.00 | 0.00 |
PHATHOM PHARMACEUTICALS INC COMSOLE | COM | 62.80K | SH | $739.2K 1.44% | 62.80K | 0.00 | 0.00 |
ALICO INC COMSOLE | COM | 21K | SH | $727.9K 1.41% | 21K | 0.00 | 0.00 |
RAYONIER INC COMSOLE | COM | 27K | SH | $716.6K 1.39% | 27K | 0.00 | 0.00 |
ARCOS DORADOS HOLDINGS INC SHS CLASS -A -SOLE | SHS CLASS -A - | 106K | SH | $715.5K 1.39% | 106K | 0.00 | 0.00 |
MPLX LP COM UNIT REP LTDSOLE | COM UNIT REP LTD | 13.97K | SH | $697.8K 1.36% | 13.97K | 0.00 | 0.00 |
INTERDIGITAL INC COMSOLE | COM | 2K | SH | $690.5K 1.34% | 2K | 0.00 | 0.00 |
CALIFORNIA WTR SVC GROUP COMSOLE | COM | 14.95K | SH | $686.1K 1.33% | 14.95K | 0.00 | 0.00 |
YORK WTR CO COMSOLE | COM | 21K | SH | $638.8K 1.24% | 21K | 0.00 | 0.00 |
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