Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Large Growth Stock Fund
Number of Shares | Value† | |
COMMON STOCKS — 97.7% | ||
Advertising — 0.3% | ||
The Trade Desk, Inc., Class A* | 18,100 | $1,272,430 |
Aerospace & Defense — 1.6% | ||
Airbus S.E.* | 23,700 | 3,142,049 |
Teledyne Technologies, Inc.* | 7,988 | 3,431,485 |
6,573,534 | ||
Airlines — 0.3% | ||
Southwest Airlines Co.* | 21,800 | 1,121,174 |
Apparel — 0.6% | ||
NIKE, Inc., Class B | 17,418 | 2,529,616 |
Auto Manufacturers — 2.4% | ||
Ferrari N.V. | 14,698 | 3,073,646 |
Tesla, Inc.* | 9,004 | 6,982,422 |
10,056,068 | ||
Auto Parts & Equipment — 0.1% | ||
Aptiv PLC* | 3,387 | 504,561 |
Biotechnology — 0.4% | ||
Argenx S.E., ADR* | 2,580 | 779,160 |
Incyte Corp.* | 11,962 | 822,746 |
1,601,906 | ||
Chemicals — 0.1% | ||
Linde PLC | 1,266 | 371,419 |
Commercial Services — 5.1% | ||
Affirm Holdings, Inc.* | 5,592 | 666,175 |
Afterpay Ltd.* | 36,726 | 3,190,576 |
Cintas Corp. | 7,520 | 2,862,563 |
Global Payments, Inc. | 18,524 | 2,919,012 |
MarketAxess Holdings, Inc. | 1,745 | 734,104 |
PayPal Holdings, Inc.* | 15,330 | 3,989,019 |
S&P Global, Inc. | 6,476 | 2,751,588 |
Square, Inc., Class A* | 5,500 | 1,319,120 |
StoneCo Ltd., Class A* | 16,002 | 555,589 |
Toast, Inc., Class A* | 1,744 | 87,113 |
TransUnion | 21,766 | 2,444,540 |
21,519,399 | ||
Computers — 5.0% | ||
Apple, Inc. | 149,116 | 21,099,914 |
Diversified Financial Services — 4.5% | ||
Ant Group Co. Ltd.(1),*,# | 189,827 | 1,023,167 |
Mastercard, Inc., Class A | 18,567 | 6,455,375 |
Tradeweb Markets, Inc., Class A | 10,572 | 854,006 |
Visa, Inc., Class A | 40,276 | 8,971,479 |
XP, Inc., Class A* | 32,698 | 1,313,479 |
18,617,506 | ||
Electrical Components & Equipment — 0.6% | ||
Generac Holdings, Inc.* | 6,300 | 2,574,621 |
Entertainment — 0.3% | ||
DraftKings, Inc., Class A* | 23,730 | 1,142,837 |
Number of Shares | Value† | |
Healthcare Products — 3.5% | ||
Align Technology, Inc.* | 1,447 | $962,877 |
Avantor, Inc.* | 51,068 | 2,088,681 |
Intuitive Surgical, Inc.* | 6,526 | 6,487,823 |
Stryker Corp. | 19,040 | 5,021,229 |
14,560,610 | ||
Healthcare Services — 2.2% | ||
Anthem, Inc. | 4,575 | 1,705,560 |
HCA Healthcare, Inc. | 16,312 | 3,959,249 |
Humana, Inc. | 2,807 | 1,092,344 |
UnitedHealth Group, Inc. | 6,438 | 2,515,584 |
9,272,737 | ||
Internet — 37.6% | ||
Airbnb, Inc., Class A* | 13,082 | 2,194,505 |
Alibaba Group Holding Ltd., ADR* | 11,800 | 1,746,990 |
Alphabet, Inc., Class A* | 6,748 | 18,040,913 |
Alphabet, Inc., Class C* | 5,755 | 15,338,859 |
Amazon.com, Inc.* | 12,365 | 40,619,520 |
Booking Holdings, Inc.* | 1,193 | 2,832,027 |
Bright Health Group, Inc.* | 23,325 | 190,332 |
Coupang, Inc., Class A* | 41,772 | 1,163,350 |
DoorDash, Inc., Class A* | 14,877 | 3,064,364 |
Facebook, Inc., Class A* | 75,394 | 25,587,970 |
Farfetch Ltd., Class A* | 44,741 | 1,676,893 |
IAC/InterActiveCorp.* | 1,724 | 224,620 |
Kuaishou Technology* | 4,500 | 48,027 |
Match Group, Inc.* | 20,163 | 3,165,389 |
Meituan, Class B* | 29,800 | 951,259 |
Netflix, Inc.* | 14,702 | 8,973,219 |
Pinduoduo, Inc., ADR* | 9,300 | 843,231 |
Pinterest, Inc., Class A* | 32,600 | 1,660,970 |
Sea Ltd., ADR* | 31,909 | 10,170,356 |
Shopify, Inc., Class A* | 1,459 | 1,978,083 |
Snap, Inc., Class A* | 131,307 | 9,699,648 |
Spotify Technology S.A.* | 17,186 | 3,872,693 |
Tencent Holdings Ltd. | 45,800 | 2,734,203 |
Vimeo, Inc.* | 9,842 | 289,060 |
157,066,481 | ||
Lodging — 0.8% | ||
Las Vegas Sands Corp.* | 33,790 | 1,236,714 |
Wynn Resorts Ltd.* | 24,908 | 2,110,953 |
3,347,667 | ||
Office & Business Equipment — 0.2% | ||
Zebra Technologies Corp., Class A* | 1,476 | 760,760 |
Pharmaceuticals — 2.2% | ||
AstraZeneca PLC, ADR | 40,881 | 2,455,313 |
Cigna Corp. | 7,981 | 1,597,477 |
Eli Lilly & Co. | 22,316 | 5,156,112 |
9,208,902 | ||
Retail — 3.2% | ||
Carvana Co.* | 5,520 | 1,664,501 |
Chipotle Mexican Grill, Inc.* | 1,604 | 2,915,302 |
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Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Large Growth Stock Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Retail — (continued) | ||
Lululemon Athletica, Inc.* | 8,743 | $3,538,292 |
Ross Stores, Inc. | 47,701 | 5,192,254 |
13,310,349 | ||
Semiconductors — 3.6% | ||
Advanced Micro Devices, Inc.* | 32,046 | 3,297,533 |
ASML Holding N.V. | 8,429 | 6,280,532 |
NVIDIA Corp. | 13,500 | 2,796,660 |
Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 24,826 | 2,771,823 |
15,146,548 | ||
Software — 22.1% | ||
Activision Blizzard, Inc. | 14,663 | 1,134,770 |
Avalara, Inc.* | 8,420 | 1,471,563 |
Bill.com Holdings, Inc.* | 1,461 | 390,014 |
Black Knight, Inc.* | 25,231 | 1,816,632 |
Ceridian HCM Holding, Inc.* | 8,401 | 946,121 |
Coupa Software, Inc.* | 1,663 | 364,496 |
Datadog, Inc., Class A* | 15,868 | 2,242,942 |
Fiserv, Inc.* | 36,712 | 3,983,252 |
Intuit, Inc. | 17,293 | 9,329,746 |
Magic Leap, Inc., Class A(1),*,# | 1,353 | 16,102 |
Microsoft Corp. | 138,298 | 38,988,972 |
MongoDB, Inc.* | 5,757 | 2,714,483 |
MSCI, Inc. | 1,922 | 1,169,230 |
Paycom Software, Inc.* | 2,154 | 1,067,846 |
ROBLOX Corp., Class A* | 15,798 | 1,193,539 |
Roper Technologies, Inc. | 8,799 | 3,925,498 |
salesforce.com, Inc.* | 21,500 | 5,831,230 |
SentinelOne, Inc., Class A* | 22,900 | 1,226,753 |
ServiceNow, Inc.* | 9,032 | 5,620,343 |
Snowflake, Inc.* | 2,740 | 828,658 |
Splunk, Inc.* | 11,248 | 1,627,698 |
Stripe, Inc., Class B(1),*,# | 8,608 | 428,420 |
UiPath, Inc., Class A* | 38,728 | 2,037,480 |
Workday, Inc.* | 4,478 | 1,119,007 |
Zoom Video Communications, Inc., Class A* | 11,842 | 3,096,683 |
92,571,478 | ||
Transportation — 1.0% | ||
Didi Global, Inc.*,> | 11,920 | 352,856 |
FedEx Corp. | 13,993 | 3,068,525 |
Norfolk Southern Corp. | 3,895 | 931,878 |
4,353,259 | ||
TOTAL COMMON STOCKS (Cost $229,220,923) | 408,583,776 | |
PREFERRED STOCKS — 2.0% | ||
Auto Manufacturers — 1.7% | ||
Rivian Automotive, Series D, CONV(1),*,# | 91,993 | 6,534,263 |
Waymo LLC, Series A-2, CONV(1),*,# | 3,737 | 342,765 |
6,877,028 |
Number of Shares | Value† | |
Electronics — 0.2% | ||
GM Cruise, Class F, CONV(1),*,# | 27,200 | $716,720 |
Internet — 0.1% | ||
Aurora Innovation, Inc., Series B, CONV*,# | 27,730 | 537,280 |
Real Estate — 0.0% | ||
WeWork Companies, Inc., Series E, CONV*,# | 5,633 | 41,927 |
TOTAL PREFERRED STOCKS (Cost $2,247,159) | 8,172,955 |
SHORT-TERM INVESTMENTS — 0.2% | ||
BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 0.030%) | 1,026,684 | 1,026,684 |
T. Rowe Price Government Reserve Investment Fund (seven-day effective yield 0.050%) | 193 | 193 |
TOTAL SHORT-TERM INVESTMENTS (Cost $1,026,877) | 1,026,877 | |
TOTAL INVESTMENTS — 99.9% (Cost $232,494,959) | $417,783,608 | |
Other Assets & Liabilities — 0.1% | 241,365 | |
TOTAL NET ASSETS — 100.0% | $418,024,973 |
† | See Security Valuation Note in the most recent semi-annual or annual report. |
* | Non-income producing security. |
(1) | The value of this security was determined using significant unobservable inputs. |
# | Restricted Security. These investments are in securities not registered under the Securities Act of 1933, as amended, and have certain restrictions on resale which may limit their liquidity. At September 30, 2021, the aggregate value of restricted securities was $9,640,644 which represented 2.3% of the Fund's net assets. The Fund has various registration rights (exercisable under a variety of circumstances) with respect to these securities. |
Investment | Date of Acquisition | Cost | Value |
Ant Group Co. Ltd. | 6/7/2018 | $1,064,930 | $1,023,167 |
Aurora Innovation, Inc., Series B | 3/1/2019 | 256,234 | 537,280 |
GM Cruise, Class F | 5/7/2019 | 496,400 | 716,720 |
Magic Leap, Inc., Class A | 1/20/2016 | 657,500 | 16,102 |
Rivian Automotive, Series D | 12/23/2019 | 988,373 | 6,534,263 |
Stripe, Inc., Class B | 12/17/2019 | 135,060 | 428,420 |
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Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Large Growth Stock Fund
Investment | Date of Acquisition | Cost | Value | |
Waymo LLC, Series A-2 | 5/8/2020 | $320,885 | $342,765 | |
WeWork Companies, Inc., Series E | 6/13/2015 | 185,267 | 41,927 | |
Total | $4,104,649 | $9,640,644 |
> | Restricted Security. These investments are restricted due to a lock up provision which may limit their liquidity for 180 days after the effective date of registration under the Securities Act of 1933. At September 30, 2021, the aggregate value of restricted securities was $352,856 which represented 0.1% of the Fund's net assets. The Fund has various registration rights (exercisable under a variety of circumstances) with respect to these securities. |
Investment | Date of Acquisition | Cost | Value |
Didi Global, Inc. | 10/19/2015 | $326,920 | $352,856 |
ADR— American Depositary Receipt. |
CONV— Convertible Security. |
LLC— Limited Liability Company. |
N.V.— Naamloze Vennootschap. |
PLC— Public Limited Company. |
S.A.— Societe Anonyme. |
S.E.— Societas Europaea. |
Country Weightings as of 9/30/2021†† | |
United States | 87% |
Singapore | 2 |
Netherlands | 2 |
China | 2 |
Canada | 1 |
United Kingdom | 1 |
Sweden | 1 |
Other | 4 |
Total | 100% |
†† | % of total investments as of September 30, 2021. |
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