Penn Mutual Asset Management 13F annual report
Penn Mutual Asset Management is an investment fund managing more than $117 billion ran by Keith Huckerby. There are currently 69 companies in Mr. Huckerby’s portfolio. The largest investments include Wells Fargo Co New and Morgan Stanley Emerging Mkts, together worth $11.7 billion.
$117 billion Assets Under Management (AUM)
As of 6th February 2024, Penn Mutual Asset Management’s top holding is 6,000 shares of Wells Fargo Co New currently worth over $7.17 billion and making up 6.2% of the portfolio value.
In addition, the fund holds 963,819 shares of Morgan Stanley Emerging Mkts worth $4.49 billion.
The third-largest holding is Utah Med Prods Inc worth $4.47 billion and the next is Blackrock Res & Commodities worth $4.31 billion, with 485,111 shares owned.
Currently, Penn Mutual Asset Management's portfolio is worth at least $117 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Penn Mutual Asset Management
The Penn Mutual Asset Management office and employees reside in Horsham, Pennsylvania. According to the last 13-F report filed with the SEC, Keith Huckerby serves as the Senior Managing Director and Chief Operating Officer at Penn Mutual Asset Management.
Recent trades
In the most recent 13F filing, Penn Mutual Asset Management revealed that it had opened a new position in
Comtech Telecommunications C and bought 343,789 shares worth $2.9 billion.
The investment fund also strengthened its position in Utah Med Prods Inc by buying
16,810 additional shares.
This makes their stake in Utah Med Prods Inc total 53,093 shares worth $4.47 billion.
On the other hand, there are companies that Penn Mutual Asset Management is getting rid of from its portfolio.
Penn Mutual Asset Management closed its position in Spok Inc on 13th February 2024.
It sold the previously owned 110,025 shares for $1.57 billion.
Keith Huckerby also disclosed a decreased stake in Park Aerospace Corp by approximately 0.1%.
This leaves the value of the investment at $4.27 billion and 290,703 shares.
One of the smallest hedge funds
The two most similar investment funds to Penn Mutual Asset Management are Phoenician Capital and Zeit Capital. They manage $117 billion and $117 billion respectively.
Keith Huckerby investment strategy
Penn Mutual Asset Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 8.0% of
the total portfolio value.
The fund focuses on investments in the United States as
37.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
25% of the total holdings value.
On the other hand, small-cap stocks make up only 4.3% of the portfolio.
The average market cap of the portfolio companies is close to $30.3 billion.
The complete list of Penn Mutual Asset Management trades based on 13F SEC filings
These positions were updated on February 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Wells Fargo Co New |
No change
6,000
|
$7,173,720,000 | 6.15% |
| Morgan Stanley Emerging Mkts |
No change
963,819
|
$4,491,397,000 | 3.85% |
| Utah Med Prods Inc |
46.33%
53,093
|
$4,471,492,000 | 3.84% |
| Blackrock Res & Commodities |
No change
485,111
|
$4,307,786,000 | 3.69% |
| Park Aerospace Corp |
7.32%
290,703
|
$4,273,334,000 | 3.67% |
| Walgreens Boots Alliance Inc |
76.76%
160,850
|
$4,199,794,000 | 3.60% |
| MiX Telematics Ltd |
9.87%
482,417
|
$4,153,610,000 | 3.56% |
| Abrdn Asia Pacific Income Fu |
No change
1,503,855
|
$4,075,447,000 | 3.50% |
| Evolution Pete Corp |
17.51%
700,053
|
$4,067,308,000 | 3.49% |
| Nordic American Tankers Limi |
11.74%
951,500
|
$3,996,300,000 | 3.43% |
| Futurefuel Corp |
2.98%
650,493
|
$3,954,997,000 | 3.39% |
| Richardson Electrs Ltd |
7.22%
293,919
|
$3,923,819,000 | 3.37% |
| National Storage Affiliates |
No change
75,500
|
$3,130,985,000 | 2.69% |
| 3M Co. |
21.74%
28,000
|
$3,060,960,000 | 2.63% |
| Ishares Tr |
30.96%
97,300
|
$3,034,787,000 | 2.60% |
| Doubleline Yield Opportuniti |
No change
199,841
|
$2,971,636,000 | 2.55% |
| Comtech Telecommunications C |
Opened
343,789
|
$2,898,141,000 | 2.49% |
| Omega Healthcare Invs Inc |
No change
81,100
|
$2,486,526,000 | 2.13% |
| AT&T Inc. |
No change
142,700
|
$2,394,506,000 | 2.05% |
| CVS Health Corp |
Opened
29,930
|
$2,363,273,000 | 2.03% |
| International Business Machs |
No change
14,130
|
$2,310,962,000 | 1.98% |
| Argan, Inc. |
17.50%
47,747
|
$2,234,082,000 | 1.92% |
| National Presto Inds Inc |
72.52%
27,344
|
$2,195,176,000 | 1.88% |
| Barrick Gold Corp. |
2.23%
119,100
|
$2,154,519,000 | 1.85% |
| Kraft Heinz Co |
Opened
56,000
|
$2,070,880,000 | 1.78% |
| Atrion Corp. |
Opened
5,145
|
$1,948,875,000 | 1.67% |
| Organon & Co |
225.93%
132,000
|
$1,903,440,000 | 1.63% |
| Campbell Soup Co. |
Opened
43,000
|
$1,858,890,000 | 1.59% |
| Energy Transfer L P |
No change
133,500
|
$1,842,300,000 | 1.58% |
| Franklin Bsp Rlty Tr Inc |
27.30%
133,156
|
$1,798,938,000 | 1.54% |
| Verizon Communications Inc |
No change
47,000
|
$1,771,900,000 | 1.52% |
| MPLX LP |
No change
44,857
|
$1,647,149,000 | 1.41% |
| Spok Holdings Inc |
Closed
110,025
|
$1,570,057,000 | |
| Agnico Eagle Mines Ltd |
14.95%
26,150
|
$1,434,328,000 | 1.23% |
| Enterprise Prods Partners L |
No change
47,663
|
$1,255,920,000 | 1.08% |
| VanEck ETF Trust |
No change
48,943
|
$1,240,705,000 | 1.06% |
| Sanofi |
Closed
23,000
|
$1,233,720,000 | |
| Gap, Inc. |
Closed
113,186
|
$1,203,167,000 | |
| Ennis Inc. |
Closed
50,629
|
$1,074,347,000 | |
| Western Asset Emerging Mkts |
No change
114,079
|
$1,050,668,000 | 0.90% |
| Lsi Inds Inc Ohio |
Closed
63,107
|
$1,002,139,000 | |
| Devon Energy Corp. |
25.07%
21,950
|
$994,335,000 | 0.85% |
| Agnc Invt Corp |
Opened
100,000
|
$981,000,000 | 0.84% |
| Annaly Capital Management In |
Opened
50,000
|
$968,500,000 | 0.83% |
| Opera Ltd |
Opened
50,000
|
$661,500,000 | 0.57% |
| Dominion Energy Inc |
No change
12,426
|
$584,009,000 | 0.50% |
| Braze Inc |
Opened
10,839
|
$575,876,000 | 0.49% |
| Phathom Pharmaceuticals Inc |
No change
62,802
|
$573,382,000 | 0.49% |
| Vale S.A. |
No change
28,953
|
$459,195,000 | 0.39% |
| Huntington Ingalls Inds Inc |
7.85%
1,760
|
$456,966,000 | 0.39% |
| Brady Corp. |
14.51%
7,660
|
$449,565,000 | 0.39% |
| Haynes International Inc. |
22.48%
7,585
|
$432,724,000 | 0.37% |
| M & T Bk Corp |
95.31%
3,125
|
$428,375,000 | 0.37% |
| Village Super Mkt Inc |
Closed
18,377
|
$416,055,000 | |
| Vistra Corp |
Closed
12,505
|
$414,916,000 | |
| Toast, Inc. |
Closed
19,684
|
$368,681,000 | |
| Interdigital Inc |
Opened
3,000
|
$325,620,000 | 0.28% |
| Molson Coors Beverage Company |
33.77%
5,150
|
$315,232,000 | 0.27% |
| Novartis AG |
24.27%
3,120
|
$315,026,000 | 0.27% |
| Arcos Dorados Holdings Inc |
Opened
23,000
|
$291,870,000 | 0.25% |
| Northern Technologies Intl C |
40.77%
23,860
|
$281,071,000 | 0.24% |
| Allison Transmission Hldgs I |
Closed
4,750
|
$280,535,000 | |
| Hasbro, Inc. |
Closed
3,750
|
$248,025,000 | |
| Advance Auto Parts Inc |
Opened
4,000
|
$244,120,000 | 0.21% |
| Jefferies Finl Group Inc |
Closed
6,650
|
$243,590,000 | |
| H & E Equipment Services Inc |
No change
4,650
|
$243,288,000 | 0.21% |
| Duke Energy Corp. |
No change
2,400
|
$232,896,000 | 0.20% |
| Smucker J M Co |
Opened
1,825
|
$230,644,000 | 0.20% |
| Rxsight Inc |
Closed
8,264
|
$230,483,000 | |
| V F Corp |
Opened
12,000
|
$225,600,000 | 0.19% |
| Premier Inc |
Opened
10,000
|
$223,600,000 | 0.19% |
| Medtronic Plc |
Opened
2,700
|
$222,426,000 | 0.19% |
| Perrigo Co Plc |
Opened
6,900
|
$222,042,000 | 0.19% |
| Firstenergy Corp. |
Opened
5,760
|
$211,162,000 | 0.18% |
| Bank New York Mellon Corp |
Closed
4,950
|
$211,118,000 | |
| BWX Technologies Inc |
34.88%
2,735
|
$209,857,000 | 0.18% |
| Marketwise Inc |
Opened
75,960
|
$207,371,000 | 0.18% |
| Frontline Plc |
Opened
10,100
|
$202,505,000 | 0.17% |
| ReposiTrak Inc. |
Opened
20,166
|
$201,862,000 | 0.17% |
| Healthcare Svcs Group Inc |
74.88%
16,770
|
$173,905,000 | 0.15% |
| Acv Auctions Inc |
Opened
10,127
|
$153,424,000 | 0.13% |
| Pgim Global High Yield Fd Fo |
No change
13,152
|
$149,407,000 | 0.13% |
| No transactions found | |||
| Showing first 500 out of 82 holdings | |||
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