Liberty Mutual Group Asset Management Inc.

Portfolio Overview

Liberty Mutual Group Asset Management Inc. disclosed 39 positions worth $1.1B in its Form 13F-HR for Q2 2026. During the quarter the fund opened 13 new positions and exited 2 — including a new stake in $FRVO. The portfolio is most concentrated in Other (69.1% of disclosed assets). All figures are sourced directly from Liberty Mutual Group Asset Management Inc.’s Form 13F-HR filing with the SEC under CIK 1533497.

• SSGA ACTIVE ETF TR - ST STR BL LN ETF

  —

  Quality

  $189.4M4,699,823 sh

• VANGUARD INDEX FDS - S&P 500 ETF SHS

  —

  Quality

  $135.5M197,323 sh
• 

  Fervo Energy Co

  $FRVO

  —

  Quality

  $113.4M3,880,626 sh

• ISHARES TR - 7-10 YR TRSY BD

  —

  Quality

  $111.8M1,182,507 sh

• ISHARES TR - IBOXX HI YD ETF

  —

  Quality

  $85.7M1,071,233 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $83.7M112,093 sh
• 

  QXO, Inc.

  $QXO

  49.0

  Quality

  $70.6M4,082,787 sh

• ISHARES TR - BROAD USD HIGH

  —

  Quality

  $55.0M1,485,000 sh
• 

  Crescent Energy Co

  $CRGY

  66.4

  Quality

  $41.8M4,254,746 sh

• ISHARES TR - USD INV GRDE ETF

  —

  Quality

  $36.7M714,850 sh

Company	Quality	Value	Shares
SSGA ACTIVE ETF TR - ST STR BL LN ETF	—	$189.4M	4,699,823
VANGUARD INDEX FDS - S&P 500 ETF SHS	—	$135.5M	197,323
Fervo Energy Co$FRVO	—	$113.4M	3,880,626
ISHARES TR - 7-10 YR TRSY BD	—	$111.8M	1,182,507
ISHARES TR - IBOXX HI YD ETF	—	$85.7M	1,071,233
SPDR S&P 500 ETF TRUST$SPY	—	$83.7M	112,093
QXO, Inc.$QXO	49.0	$70.6M	4,082,787
ISHARES TR - BROAD USD HIGH	—	$55.0M	1,485,000
Crescent Energy Co$CRGY	66.4	$41.8M	4,254,746
ISHARES TR - USD INV GRDE ETF	—	$36.7M	714,850

Showing top 10 of 39 holdings.

Full Holdings — Liberty Mutual Group Asset Management Inc. (Q2 2026)

All 39 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	SSGA ACTIVE ETF TR - ST STR BL LN ETF	$189.4M	16.5%	+56%	—
2	—	VANGUARD INDEX FDS - S&P 500 ETF SHS	$135.5M	11.8%	-7%	—
3	$FRVO	Fervo Energy Co	$113.4M	9.9%	NEW	—
4	—	ISHARES TR - 7-10 YR TRSY BD	$111.8M	9.8%	+0%	—
5	—	ISHARES TR - IBOXX HI YD ETF	$85.7M	7.5%	+0%	—
6	$SPY	SPDR S&P 500 ETF TRUST	$83.7M	7.3%	+114%	—
7	$QXO	QXO, Inc.	$70.6M	6.2%	+0%	49
8	—	ISHARES TR - BROAD USD HIGH	$55.0M	4.8%	+0%	—
9	$CRGY	Crescent Energy Co	$41.8M	3.6%	-88%	66.4
10	—	ISHARES TR - USD INV GRDE ETF	$36.7M	3.2%	+0%	—
11	—	ISHARES TR - MSCI ACWI ETF	$29.5M	2.6%	NEW	—
12	$OBDC	Blue Owl Capital Corp	$29.0M	2.5%	+0%	—
13	$KARD	Kardigan, Inc.	$28.5M	2.5%	NEW	—
14	—	ISHARES TR - CORE US AGGBD ET	$27.2M	2.4%	NEW	—
15	$IVZ	Invesco Ltd.	$25.0M	2.2%	+0%	—
16	$OPI	OFFICE PROPERTIES INCOME TRUST	$22.3M	1.9%	NEW	—
17	$UBER	Uber Technologies, Inc	$13.2M	1.1%	NEW	73.5
18	$NOW	ServiceNow, Inc.	$8.4M	0.7%	+176%	72.9
19	$AFRM	Affirm Holdings, Inc.	$5.7M	0.5%	+0%	81.3
20	$ARCC	ARES CAPITAL CORP	$5.0M	0.4%	+0%	—
21	$DDOG	Datadog, Inc.	$3.7M	0.3%	NEW	71.4
22	$NINE	Nine Energy Service, Inc.	$3.7M	0.3%	+0%	24.1
23	$NAVN	Navan, Inc.	$3.4M	0.3%	NEW	41.9
24	$HOOD	Robinhood Markets, Inc.	$3.3M	0.3%	NEW	82.1
25	$MSDL	Morgan Stanley Direct Lending Fund	$3.1M	0.3%	+0%	—
26	$KORE	KORE Group Holdings, Inc.	$2.9M	0.3%	+0%	29.8
27	$SMC	Summit Midstream Corp	$2.4M	0.2%	+0%	51
28	$TTAN	ServiceTitan, Inc.	$1.7M	0.1%	NEW	49.2
29	$NBIS	Nebius Group N.V.	$1.5M	0.1%	NEW	—
30	$FIG	Figma, Inc.	$1.1M	0.1%	NEW	43.9
31	$CRCL	Circle Internet Group, Inc.	$544,505	0.1%	-56%	67.5
32	$PL	Planet Labs PBC	$225,913	0.0%	-96%	38.4
33	$BLND	Blend Labs, Inc.	$197,712	0.0%	NEW	39.5
34	$RBRK	Rubrik, Inc.	$196,526	0.0%	-5%	56.6
35	$OPEN	Opendoor Technologies Inc.	$192,704	0.0%	+0%	22.5
36	$RYTM	RHYTHM PHARMACEUTICALS, INC.	$97,706	0.0%	-96%	33.9
37	—	GCT SEMICONDUCTOR HLDG INC - *W EXP 03/01/202	$61,250	0.0%	+0%	—
38	$REPX	Riley Exploration Permian, Inc.	$0	0.0%	+0%	63.7
39	$AM	Antero Midstream Corp	$0	0.0%	+0%	65.4