13F
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Liberty Mutual Group Asset Management Inc.

13F equity value
$1.2B
Positions
28
Top 10 concentration
94.3%
Quarters / total new picks
30 / 174
13F equity value over time
$0M$2B$5B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 30 quarters, returned -3.5% per quarter — versus +2.3% per quarter from simply owning every 13F stock. It beat that baseline in only 30.0% of quarters (excess t = -1.68, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-7.7%
t-stat
-1.68
Quarterly win rate
30%
Annualized excess
-27.4%
$1 → follow vs universe
$0.20 vs $1.76
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820191231: universe 0.84520200331: universe 1.01920200930: universe 1.25020201231: universe 1.30720210331: universe 1.31920210630: universe 1.42420210930: universe 1.27820211231: universe 1.08820220331: universe 1.16820220630: universe 1.08220220930: universe 1.16220221231: universe 1.08020230331: universe 1.13720230630: universe 1.09720230930: universe 1.24520231231: universe 1.30120240331: universe 1.33020240630: universe 1.45120240930: universe 1.43820241231: universe 1.34220250331: universe 1.46320250630: universe 1.50920250930: universe 1.69720251231: universe 1.756 20180331: follow 0.86620180630: follow 0.83220180930: follow 0.83820181231: follow 0.70420190331: follow 0.58920190630: follow 0.58920191231: follow 0.65120200331: follow 0.92920200930: follow 1.21220201231: follow 0.89220210331: follow 0.83320210630: follow 0.86220210930: follow 0.56220211231: follow 0.33620220331: follow 0.36020220630: follow 0.25320220930: follow 0.24420221231: follow 0.21920230331: follow 0.24720230630: follow 0.25820230930: follow 0.26320231231: follow 0.27320240331: follow 0.29720240630: follow 0.30220240930: follow 0.32320241231: follow 0.27420250331: follow 0.27120250630: follow 0.25420250930: follow 0.16420251231: follow 0.195 0.15 1.02 1.90 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 28 · 2026 Q1

Ticker Value Weight QoQ
CRGY $498M
39.8%
HOLD
VOO $127M
10.2%
ADD
SRLN $121M
9.7%
ADD
IEF $113M
9.0%
ADD
HYG $85M
6.8%
TRIM
QXO $79M
6.3%
HOLD
USHY $55M
4.4%
ADD
USIG $37M
2.9%
NEW
SPY $34M
2.7%
NEW
OBDC $30M
2.4%
ADD
BKLN $25M
2.0%
NEW
EWY $12M
1.0%
NEW
ARCC $5M
0.4%
TRIM
PL $4M
0.4%
NEW
CCL $4M
0.3%
HOLD
NOW $3M
0.3%
ADD
AFRM $3M
0.3%
HOLD
KORE $3M
0.2%
HOLD
MSDL $3M
0.2%
TRIM
SMC $3M
0.2%
HOLD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

BKLNEWYPLRYTMSPYUSIG

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.