Liberty Mutual Group Asset Management Inc.
Long book
$1.25B
Q1 2026
Positions
28
Top-10 weight
94%
concentration
Last quarter
-9.9%
SPY +14.8%
Turnover
42%
of book per quarter
Strategy in plain words
auto-generated from filingsLiberty Mutual Group Asset Management Inc. is an institutional manager, specialised in energy (83% of the long book), running a $1.25B US long book across 28 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: CRESCENT ENERGY INC-A, VANGUARD S&P 500 ETF, SS BLACKSTONE SR LOAN ETF, ISHARES 7-10 YEAR TREASURY B, ISHR IBX USD HIYLD CB ETF-UI.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.7%
Q2 2024
+6.3%
Q3 2024
-1.3%
Q4 2024
-4.7%
Q1 2025
+18.8%
Q2 2025
+1.8%
Q3 2025
+6.1%
Q4 2025
+18.4%
Q1 2026
-9.9%
Sector allocation
Energy 78%
Consumer discretionary 12%
Other 6%
Technology 1%
Financials 1%
Industrials 1%
Communications 0%
Utilities 0%
Long book by quarter
What does Liberty Mutual own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CRGY CRESCENT ENERGY INC-A | Energy | 36.9M | $497.5M | 39.8% | Held |
| QXO QXO INC | Consumer discretionary | 4.1M | $79.3M | 6.3% | Held |
| OBDC BLUE OWL CAPITAL CORP | — | 2.7M | $29.5M | 2.4% | +208.6% |
| ARCC ARES CAPITAL CORP | — | 267.4K | $4.8M | 0.4% | -31.4% |
| PL PLANET LABS PBC | Technology | 158.9K | $4.4M | 0.4% | New |
| CCL CARNIVAL CORP LTD | Industrials | 140.4K | $3.6M | 0.3% | Held |
| NOW SERVICENOW INC | Technology | 30.8K | $3.2M | 0.3% | +45.0% |
| AFRM AFFIRM HOLDINGS INC | Financials | 69.4K | $3.2M | 0.3% | Held |
| KORE KORE GROUP HOLDINGS INC | Communications | 319.6K | $2.9M | 0.2% | Held |
| MSDL MORGAN STANLEY DIRECT LENDIN | — | 204.8K | $2.9M | 0.2% | -43.1% |
| SMC SUMMIT MIDSTREAM CORP | Utilities | 84.8K | $2.6M | 0.2% | Held |
| NINE NINE ENERGY SERVICE INC | Energy | 281.2K | $2.3M | 0.2% | New |
| CRCL CIRCLE INTERNET GROUP INC | Financials | 19.7K | $1.9M | 0.2% | +80.1% |
| RYTM RHYTHM PHARMACEUTICALS INC | Healthcare | 20.5K | $1.8M | 0.1% | New |
| OPEN OPENDOOR TECHNOLOGIES INC | Real estate | 41.7K | $195K | 0.0% | Held |
| RBRK RUBRIK INC-A | Technology | 2.6K | $126K | 0.0% | Held |
| REPX RILEY EXPLORATION PERMIAN IN | Energy | 13.6K | $0 | 0.0% | Held |
| AM ANTERO MIDSTREAM CORP | Utilities | 32.3K | $0 | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 57 | $1.25B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 29 | $1.05B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 13 | $314.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 20 | $460.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 16 | $301.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 15 | $420.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR/ARESTATEMENT | Feb 14, 2025 | 49 | $660.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 49 | $660K | SEC ↗ | |
| Q2 2024 | 13F-HR/ARESTATEMENT | Feb 14, 2025 | 118 | $679.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 118 | $679K | SEC ↗ | |
| Q1 2024 | 13F-HR/ARESTATEMENT | Feb 14, 2025 | 119 | $351.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 119 | $351K | SEC ↗ |
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