Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Index 500 Fund
Number of Shares | Value† | |
COMMON STOCKS — 97.6% | ||
Advertising — 0.1% | ||
Omnicom Group, Inc. | 3,619 | $269,543 |
The Interpublic Group of Cos., Inc. | 7,036 | 201,652 |
471,195 | ||
Aerospace & Defense — 1.4% | ||
General Dynamics Corp. | 4,115 | 909,292 |
Howmet Aerospace, Inc. | 6,957 | 321,761 |
L3Harris Technologies, Inc. | 3,532 | 614,992 |
Lockheed Martin Corp. | 4,070 | 1,664,467 |
Northrop Grumman Corp. | 2,632 | 1,158,580 |
RTX Corp. | 26,460 | 1,904,326 |
The Boeing Co.* | 10,321 | 1,978,330 |
TransDigm Group, Inc.* | 994 | 838,071 |
9,389,819 | ||
Agriculture — 0.8% | ||
Altria Group, Inc. | 32,176 | 1,353,001 |
Archer-Daniels-Midland Co. | 9,815 | 740,247 |
Bunge Ltd. | 2,678 | 289,894 |
Philip Morris International, Inc. | 28,349 | 2,624,550 |
5,007,692 | ||
Airlines — 0.2% | ||
Alaska Air Group, Inc.* | 2,219 | 82,280 |
American Airlines Group, Inc.* | 12,540 | 160,637 |
Delta Air Lines, Inc. | 11,974 | 443,038 |
Southwest Airlines Co. | 10,896 | 294,955 |
United Airlines Holdings, Inc.* | 5,896 | 249,401 |
1,230,311 | ||
Apparel — 0.4% | ||
NIKE, Inc., Class B | 22,413 | 2,143,131 |
Ralph Lauren Corp. | 656 | 76,155 |
Tapestry, Inc. | 4,359 | 125,321 |
VF Corp. | 6,130 | 108,317 |
2,452,924 | ||
Auto Manufacturers — 2.4% | ||
Cummins, Inc. | 2,566 | 586,228 |
Ford Motor Co. | 72,099 | 895,470 |
General Motors Co. | 25,445 | 838,922 |
PACCAR, Inc. | 9,616 | 817,552 |
Tesla, Inc.* | 50,394 | 12,609,587 |
15,747,759 | ||
Auto Parts & Equipment — 0.1% | ||
Aptiv PLC* | 4,931 | 486,147 |
BorgWarner, Inc. | 4,124 | 166,486 |
652,633 | ||
Banks — 3.8% | ||
Bank of America Corp. | 126,300 | 3,458,094 |
Citigroup, Inc. | 34,925 | 1,436,465 |
Citizens Financial Group, Inc. | 8,779 | 235,277 |
Comerica, Inc. | 2,594 | 107,781 |
Fifth Third Bancorp | 12,322 | 312,116 |
Huntington Bancshares, Inc. | 26,630 | 276,952 |
JPMorgan Chase & Co. | 53,099 | 7,700,417 |
Number of Shares | Value† | |
Banks — (continued) | ||
KeyCorp | 16,398 | $176,442 |
M&T Bank Corp. | 3,037 | 384,029 |
Morgan Stanley | 23,196 | 1,894,417 |
Northern Trust Corp. | 3,758 | 261,106 |
Regions Financial Corp. | 17,484 | 300,725 |
State Street Corp. | 5,904 | 395,332 |
The Bank of New York Mellon Corp. | 13,952 | 595,053 |
The Goldman Sachs Group, Inc. | 5,993 | 1,939,155 |
The PNC Financial Services Group, Inc. | 7,270 | 892,538 |
Truist Financial Corp. | 24,562 | 702,719 |
US Bancorp | 28,109 | 929,283 |
Wells Fargo & Co. | 66,646 | 2,723,156 |
Zions Bancorp NA | 2,571 | 89,702 |
24,810,759 | ||
Beverages — 1.6% | ||
Brown-Forman Corp., Class B | 3,351 | 193,319 |
Constellation Brands, Inc., Class A | 2,907 | 730,616 |
Keurig Dr Pepper, Inc. | 18,001 | 568,292 |
Molson Coors Beverage Co., Class B | 3,601 | 228,988 |
Monster Beverage Corp.* | 13,371 | 707,994 |
PepsiCo, Inc. | 25,114 | 4,255,316 |
The Coca-Cola Co. | 71,213 | 3,986,504 |
10,671,029 | ||
Biotechnology — 1.6% | ||
Amgen, Inc. | 9,710 | 2,609,660 |
Biogen, Inc.* | 2,659 | 683,390 |
Bio-Rad Laboratories, Inc., Class A* | 327 | 117,213 |
Corteva, Inc. | 13,084 | 669,377 |
Gilead Sciences, Inc. | 22,789 | 1,707,808 |
Illumina, Inc.* | 2,885 | 396,053 |
Incyte Corp.* | 3,334 | 192,605 |
Moderna, Inc.* | 6,029 | 622,735 |
Regeneron Pharmaceuticals, Inc.* | 1,945 | 1,600,657 |
Vertex Pharmaceuticals, Inc.* | 4,760 | 1,655,242 |
10,254,740 | ||
Building Materials — 0.5% | ||
Carrier Global Corp. | 15,083 | 832,582 |
Johnson Controls International PLC | 12,540 | 667,253 |
Martin Marietta Materials, Inc. | 1,161 | 476,567 |
Masco Corp. | 4,204 | 224,704 |
Mohawk Industries, Inc.* | 967 | 82,978 |
Trane Technologies PLC | 4,193 | 850,802 |
Vulcan Materials Co. | 2,465 | 497,979 |
3,632,865 | ||
Chemicals — 1.6% | ||
Air Products and Chemicals, Inc. | 4,078 | 1,155,705 |
Albemarle Corp. | 2,125 | 361,335 |
Celanese Corp. | 1,885 | 236,605 |
CF Industries Holdings, Inc. | 3,603 | 308,921 |
Dow, Inc. | 13,096 | 675,230 |
DuPont de Nemours, Inc. | 8,439 | 629,465 |
Eastman Chemical Co. | 2,246 | 172,313 |
1
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Index 500 Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Chemicals — (continued) | ||
Ecolab, Inc. | 4,596 | $778,562 |
FMC Corp. | 2,389 | 159,991 |
International Flavors & Fragrances, Inc. | 4,587 | 312,696 |
Linde PLC | 8,896 | 3,312,426 |
LyondellBasell Industries N.V., Class A | 4,737 | 448,594 |
PPG Industries, Inc. | 4,362 | 566,188 |
The Mosaic Co. | 6,160 | 219,296 |
The Sherwin-Williams Co. | 4,309 | 1,099,011 |
10,436,338 | ||
Commercial Services — 1.7% | ||
Automatic Data Processing, Inc. | 7,497 | 1,803,628 |
Cintas Corp. | 1,560 | 750,376 |
CoStar Group, Inc.* | 7,490 | 575,906 |
Equifax, Inc. | 2,286 | 418,749 |
FleetCor Technologies, Inc.* | 1,304 | 332,963 |
Gartner, Inc.* | 1,411 | 484,834 |
Global Payments, Inc. | 4,790 | 552,718 |
MarketAxess Holdings, Inc. | 692 | 147,839 |
Moody's Corp. | 2,922 | 923,849 |
PayPal Holdings, Inc.* | 19,880 | 1,162,185 |
Quanta Services, Inc. | 2,689 | 503,031 |
Robert Half, Inc. | 1,957 | 143,409 |
Rollins, Inc. | 4,442 | 165,820 |
S&P Global, Inc. | 5,921 | 2,163,593 |
United Rentals, Inc. | 1,250 | 555,713 |
Verisk Analytics, Inc. | 2,689 | 635,249 |
11,319,862 | ||
Computers — 8.4% | ||
Accenture PLC, Class A | 11,505 | 3,533,301 |
Apple, Inc. | 268,920 | 46,041,793 |
Cognizant Technology Solutions Corp., Class A | 9,296 | 629,711 |
DXC Technology Co.* | 3,616 | 75,321 |
EPAM Systems, Inc.* | 1,066 | 272,565 |
Fortinet, Inc.* | 11,825 | 693,891 |
Hewlett Packard Enterprise Co. | 22,986 | 399,267 |
HP, Inc. | 15,194 | 390,486 |
International Business Machines Corp. | 16,575 | 2,325,472 |
Leidos Holdings, Inc. | 2,480 | 228,557 |
NetApp, Inc. | 3,701 | 280,832 |
Seagate Technology Holdings PLC | 3,505 | 231,155 |
Western Digital Corp.* | 5,725 | 261,232 |
55,363,583 | ||
Cosmetics & Personal Care — 1.3% | ||
Colgate-Palmolive Co. | 15,101 | 1,073,832 |
Kenvue, Inc. | 31,792 | 638,383 |
The Estee Lauder Cos., Inc., Class A | 4,208 | 608,267 |
The Procter & Gamble Co. | 42,959 | 6,266,000 |
8,586,482 | ||
Distribution & Wholesale — 0.3% | ||
Copart, Inc.* | 15,830 | 682,115 |
Fastenal Co. | 10,581 | 578,146 |
Number of Shares | Value† | |
Distribution & Wholesale — (continued) | ||
LKQ Corp. | 4,552 | $225,369 |
Pool Corp. | 669 | 238,231 |
W.W. Grainger, Inc. | 812 | 561,774 |
2,285,635 | ||
Diversified Financial Services — 3.6% | ||
American Express Co. | 10,563 | 1,575,894 |
Ameriprise Financial, Inc. | 1,839 | 606,282 |
BlackRock, Inc. | 2,549 | 1,647,903 |
Capital One Financial Corp. | 7,060 | 685,173 |
Cboe Global Markets, Inc. | 1,916 | 299,298 |
CME Group, Inc. | 6,537 | 1,308,838 |
Discover Financial Services | 4,691 | 406,381 |
Franklin Resources, Inc. | 5,030 | 123,637 |
Intercontinental Exchange, Inc. | 10,327 | 1,136,177 |
Invesco Ltd. | 7,869 | 114,258 |
Mastercard, Inc., Class A | 15,196 | 6,016,248 |
Nasdaq, Inc. | 6,390 | 310,490 |
Raymond James Financial, Inc. | 3,455 | 346,986 |
Synchrony Financial | 7,971 | 243,673 |
T. Rowe Price Group, Inc. | 4,114 | 431,435 |
The Charles Schwab Corp. | 27,183 | 1,492,347 |
Visa, Inc., Class A | 29,355 | 6,751,944 |
23,496,964 | ||
Electric — 2.3% | ||
Alliant Energy Corp. | 4,483 | 217,201 |
Ameren Corp. | 4,809 | 359,857 |
American Electric Power Co., Inc. | 9,557 | 718,878 |
CenterPoint Energy, Inc. | 11,813 | 317,179 |
CMS Energy Corp. | 5,290 | 280,952 |
Consolidated Edison, Inc. | 6,405 | 547,820 |
Constellation Energy Corp. | 5,930 | 646,844 |
Dominion Energy, Inc. | 15,218 | 679,788 |
DTE Energy Co. | 3,827 | 379,945 |
Duke Energy Corp. | 13,998 | 1,235,464 |
Edison International | 6,948 | 439,739 |
Entergy Corp. | 3,912 | 361,860 |
Evergy, Inc. | 4,064 | 206,045 |
Eversource Energy | 6,556 | 381,231 |
Exelon Corp. | 18,162 | 686,342 |
FirstEnergy Corp. | 9,520 | 325,394 |
NextEra Energy, Inc. | 36,742 | 2,104,949 |
NRG Energy, Inc. | 4,337 | 167,061 |
PG&E Corp.* | 37,475 | 604,472 |
Pinnacle West Capital Corp. | 1,930 | 142,202 |
PPL Corp. | 13,259 | 312,382 |
Public Service Enterprise Group, Inc. | 9,000 | 512,190 |
Sempra | 11,364 | 773,093 |
The AES Corp. | 12,568 | 191,034 |
The Southern Co. | 19,943 | 1,290,711 |
WEC Energy Group, Inc. | 5,799 | 467,109 |
Xcel Energy, Inc. | 10,169 | 581,870 |
14,931,612 |
2
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Index 500 Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Electrical Components & Equipment — 0.3% | ||
AMETEK, Inc. | 4,246 | $627,389 |
Emerson Electric Co. | 10,423 | 1,006,549 |
Generac Holdings, Inc.* | 1,106 | 120,510 |
1,754,448 | ||
Electronics — 1.0% | ||
Agilent Technologies, Inc. | 5,457 | 610,202 |
Allegion PLC | 1,601 | 166,824 |
Amphenol Corp., Class A | 10,955 | 920,111 |
Fortive Corp. | 6,392 | 474,031 |
Garmin Ltd. | 2,827 | 297,400 |
Honeywell International, Inc. | 12,143 | 2,243,298 |
Keysight Technologies, Inc.* | 3,204 | 423,921 |
Mettler-Toledo International, Inc.* | 405 | 448,768 |
TE Connectivity Ltd. | 5,740 | 709,062 |
Trimble, Inc.* | 4,421 | 238,115 |
6,531,732 | ||
Energy-Alternate Sources — 0.1% | ||
Enphase Energy, Inc.* | 2,451 | 294,488 |
First Solar, Inc.* | 1,862 | 300,881 |
SolarEdge Technologies, Inc.* | 995 | 128,862 |
724,231 | ||
Engineering & Construction — 0.0% | ||
Jacobs Solutions, Inc. | 2,355 | 321,457 |
Entertainment — 0.1% | ||
Caesars Entertainment, Inc.* | 4,132 | 191,518 |
Live Nation Entertainment, Inc.* | 2,564 | 212,915 |
404,433 | ||
Environmental Control — 0.3% | ||
Pentair PLC | 2,923 | 189,264 |
Republic Services, Inc. | 3,791 | 540,256 |
Waste Management, Inc. | 6,687 | 1,019,366 |
1,748,886 | ||
Food — 1.0% | ||
Campbell Soup Co. | 3,878 | 159,308 |
Conagra Brands, Inc. | 9,013 | 247,136 |
General Mills, Inc. | 10,842 | 693,779 |
Hormel Foods Corp. | 5,257 | 199,924 |
Kellanova | 4,911 | 292,254 |
Lamb Weston Holdings, Inc. | 2,643 | 244,372 |
McCormick & Co., Inc. | 4,577 | 346,204 |
Mondelez International, Inc., Class A | 24,864 | 1,725,562 |
Sysco Corp. | 9,235 | 609,972 |
The Hershey Co. | 2,687 | 537,615 |
The J.M. Smucker Co. | 1,762 | 216,567 |
The Kraft Heinz Co. | 14,508 | 488,049 |
The Kroger Co. | 12,053 | 539,372 |
Tyson Foods, Inc., Class A | 5,381 | 271,687 |
6,571,801 | ||
Forest Products & Paper — 0.0% | ||
International Paper Co. | 6,246 | 221,546 |
Number of Shares | Value† | |
Gas — 0.1% | ||
Atmos Energy Corp. | 2,615 | $277,007 |
NiSource, Inc. | 7,816 | 192,899 |
469,906 | ||
Hand & Machine Tools — 0.1% | ||
Snap-on, Inc. | 924 | 235,675 |
Stanley Black & Decker, Inc. | 2,788 | 233,021 |
468,696 | ||
Healthcare Products — 3.5% | ||
Abbott Laboratories | 31,688 | 3,068,983 |
Align Technology, Inc.* | 1,312 | 400,580 |
Baxter International, Inc. | 9,086 | 342,906 |
Bio-Techne Corp. | 2,792 | 190,051 |
Boston Scientific Corp.* | 26,594 | 1,404,163 |
Danaher Corp. | 11,974 | 2,970,749 |
DENTSPLY SIRONA, Inc. | 3,822 | 130,560 |
Edwards Lifesciences Corp.* | 11,240 | 778,707 |
GE HealthCare Technologies, Inc. | 7,264 | 494,243 |
Hologic, Inc.* | 4,431 | 307,511 |
IDEXX Laboratories, Inc.* | 1,550 | 677,769 |
Insulet Corp.* | 1,334 | 212,760 |
Intuitive Surgical, Inc.* | 6,374 | 1,863,056 |
Medtronic PLC | 24,254 | 1,900,543 |
ResMed, Inc. | 2,679 | 396,144 |
Revvity, Inc. | 2,363 | 261,584 |
STERIS PLC | 1,814 | 398,028 |
Stryker Corp. | 6,195 | 1,692,908 |
Teleflex, Inc. | 851 | 167,145 |
The Cooper Cos., Inc. | 924 | 293,841 |
Thermo Fisher Scientific, Inc. | 7,054 | 3,570,523 |
Waters Corp.* | 1,108 | 303,825 |
West Pharmaceutical Services, Inc. | 1,342 | 503,532 |
Zimmer Biomet Holdings, Inc. | 3,870 | 434,291 |
22,764,402 | ||
Healthcare Services — 2.3% | ||
Catalent, Inc.* | 3,353 | 152,662 |
Centene Corp.* | 9,887 | 681,017 |
Charles River Laboratories International, Inc.* | 978 | 191,668 |
DaVita, Inc.* | 1,014 | 95,853 |
Elevance Health, Inc. | 4,282 | 1,864,469 |
HCA Healthcare, Inc. | 3,651 | 898,073 |
Humana, Inc. | 2,284 | 1,111,212 |
IQVIA Holdings, Inc.* | 3,343 | 657,735 |
Laboratory Corp. of America Holdings | 1,622 | 326,103 |
Molina Healthcare, Inc.* | 1,098 | 360,023 |
Quest Diagnostics, Inc. | 2,027 | 247,010 |
UnitedHealth Group, Inc. | 16,927 | 8,534,424 |
Universal Health Services, Inc., Class B | 1,198 | 150,625 |
15,270,874 | ||
Home Builders — 0.3% | ||
D.R. Horton, Inc. | 5,453 | 586,034 |
Lennar Corp., Class A | 4,669 | 524,002 |
NVR, Inc.* | 57 | 339,908 |
3
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Index 500 Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Home Builders — (continued) | ||
PulteGroup, Inc. | 4,022 | $297,829 |
1,747,773 | ||
Home Furnishings — 0.0% | ||
Whirlpool Corp. | 1,045 | 139,716 |
Household Products & Wares — 0.3% | ||
Avery Dennison Corp. | 1,446 | 264,141 |
Church & Dwight Co., Inc. | 4,483 | 410,777 |
Kimberly-Clark Corp. | 6,108 | 738,152 |
The Clorox Co. | 2,309 | 302,617 |
1,715,687 | ||
Insurance — 3.9% | ||
Aflac, Inc. | 9,914 | 760,899 |
American International Group, Inc. | 13,060 | 791,436 |
Aon PLC, Class A | 3,744 | 1,213,880 |
Arch Capital Group Ltd.* | 6,839 | 545,137 |
Arthur J. Gallagher & Co. | 3,917 | 892,802 |
Assurant, Inc. | 984 | 141,283 |
Berkshire Hathaway, Inc., Class B* | 33,343 | 11,680,053 |
Brown & Brown, Inc. | 4,441 | 310,159 |
Chubb Ltd. | 7,507 | 1,562,807 |
Cincinnati Financial Corp. | 2,871 | 293,675 |
Everest Group Ltd. | 726 | 269,832 |
Globe Life, Inc. | 1,660 | 180,492 |
Loews Corp. | 3,360 | 212,722 |
Marsh & McLennan Cos., Inc. | 9,038 | 1,719,931 |
MetLife, Inc. | 11,348 | 713,903 |
Principal Financial Group, Inc. | 4,086 | 294,478 |
Prudential Financial, Inc. | 6,726 | 638,230 |
The Allstate Corp. | 4,761 | 530,423 |
The Hartford Financial Services Group, Inc. | 5,670 | 402,060 |
The Progressive Corp. | 10,728 | 1,494,410 |
The Travelers Cos., Inc. | 4,182 | 682,962 |
W.R. Berkley Corp. | 3,726 | 236,564 |
Willis Towers Watson PLC | 1,934 | 404,129 |
25,972,267 | ||
Internet — 10.5% | ||
Airbnb, Inc., Class A* | 7,709 | 1,057,752 |
Alphabet, Inc., Class A* | 108,397 | 14,184,831 |
Alphabet, Inc., Class C* | 92,078 | 12,140,484 |
Amazon.com, Inc.* | 165,899 | 21,089,081 |
Booking Holdings, Inc.* | 649 | 2,001,483 |
CDW Corp. | 2,480 | 500,365 |
eBay, Inc. | 9,735 | 429,216 |
Etsy, Inc.* | 2,170 | 140,139 |
Expedia Group, Inc.* | 2,565 | 264,375 |
F5, Inc.* | 1,076 | 173,387 |
Gen Digital, Inc. | 10,297 | 182,051 |
Match Group, Inc.* | 5,133 | 201,085 |
Meta Platforms, Inc., Class A* | 40,537 | 12,169,613 |
Netflix, Inc.* | 8,078 | 3,050,253 |
Palo Alto Networks, Inc.* | 5,594 | 1,311,457 |
Number of Shares | Value† | |
Internet — (continued) | ||
VeriSign, Inc.* | 1,662 | $336,605 |
69,232,177 | ||
Iron & Steel — 0.2% | ||
Nucor Corp. | 4,505 | 704,357 |
Steel Dynamics, Inc. | 2,896 | 310,509 |
1,014,866 | ||
Leisure Time — 0.1% | ||
Carnival Corp.* | 19,064 | 261,558 |
Norwegian Cruise Line Holdings Ltd.* | 7,409 | 122,100 |
Royal Caribbean Cruises Ltd.* | 4,028 | 371,140 |
754,798 | ||
Lodging — 0.3% | ||
Hilton Worldwide Holdings, Inc. | 4,843 | 727,322 |
Las Vegas Sands Corp. | 6,125 | 280,770 |
Marriott International, Inc., Class A | 4,666 | 917,149 |
MGM Resorts International | 4,808 | 176,742 |
Wynn Resorts Ltd. | 1,629 | 150,536 |
2,252,519 | ||
Machinery — Construction & Mining — 0.4% | ||
Caterpillar, Inc. | 9,288 | 2,535,624 |
Machinery — Diversified — 0.8% | ||
Deere & Co. | 4,916 | 1,855,200 |
Dover Corp. | 2,590 | 361,331 |
IDEX Corp. | 1,438 | 299,132 |
Ingersoll Rand, Inc. | 7,225 | 460,377 |
Nordson Corp. | 1,030 | 229,865 |
Otis Worldwide Corp. | 7,642 | 613,729 |
Rockwell Automation, Inc. | 2,094 | 598,612 |
Westinghouse Air Brake Technologies Corp. | 3,285 | 349,097 |
Xylem, Inc. | 4,465 | 406,449 |
5,173,792 | ||
Media — 1.2% | ||
Charter Communications, Inc., Class A* | 1,832 | 805,750 |
Comcast Corp., Class A | 75,030 | 3,326,830 |
FactSet Research Systems, Inc. | 714 | 312,204 |
Fox Corp., Class A | 4,768 | 148,761 |
Fox Corp., Class B | 2,720 | 78,554 |
News Corp., Class A | 6,937 | 139,156 |
News Corp., Class B | 1,762 | 36,773 |
Paramount Global, Class B | 8,983 | 115,881 |
The Walt Disney Co.* | 33,380 | 2,705,449 |
Warner Bros Discovery, Inc.* | 40,650 | 441,459 |
8,110,817 | ||
Mining — 0.2% | ||
Freeport-McMoRan, Inc. | 26,019 | 970,249 |
Newmont Corp. | 14,556 | 537,844 |
1,508,093 |
4
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Index 500 Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Miscellaneous Manufacturing — 1.2% | ||
3M Co. | 10,061 | $941,911 |
A.O. Smith Corp. | 2,246 | 148,528 |
Axon Enterprise, Inc.* | 1,305 | 259,682 |
Eaton Corp. PLC | 7,313 | 1,559,717 |
General Electric Co. | 20,058 | 2,217,412 |
Illinois Tool Works, Inc. | 4,972 | 1,145,101 |
Parker-Hannifin Corp. | 2,337 | 910,308 |
Teledyne Technologies, Inc.* | 877 | 358,325 |
Textron, Inc. | 3,865 | 302,011 |
7,842,995 | ||
Office & Business Equipment — 0.0% | ||
Zebra Technologies Corp., Class A* | 967 | 228,724 |
Oil & Gas — 3.9% | ||
APA Corp. | 5,642 | 231,886 |
Chevron Corp. | 32,294 | 5,445,414 |
ConocoPhillips | 21,807 | 2,612,479 |
Coterra Energy, Inc. | 14,025 | 379,376 |
Devon Energy Corp. | 11,805 | 563,099 |
Diamondback Energy, Inc. | 3,332 | 516,060 |
EOG Resources, Inc. | 10,702 | 1,356,586 |
EQT Corp. | 6,550 | 265,799 |
Exxon Mobil Corp. | 73,057 | 8,590,042 |
Hess Corp. | 5,060 | 774,180 |
Marathon Oil Corp. | 11,411 | 305,244 |
Marathon Petroleum Corp. | 7,231 | 1,094,340 |
Occidental Petroleum Corp. | 11,938 | 774,537 |
Phillips 66 | 8,039 | 965,886 |
Pioneer Natural Resources Co. | 4,239 | 973,062 |
Valero Energy Corp. | 6,370 | 902,693 |
25,750,683 | ||
Oil & Gas Services — 0.4% | ||
Baker Hughes Co. | 18,643 | 658,471 |
Halliburton Co. | 16,355 | 662,377 |
Schlumberger N.V. | 25,992 | 1,515,334 |
2,836,182 | ||
Packaging and Containers — 0.2% | ||
Amcor PLC | 26,319 | 241,082 |
Ball Corp. | 5,874 | 292,408 |
Packaging Corp. of America | 1,700 | 261,035 |
Sealed Air Corp. | 2,478 | 81,427 |
Westrock Co. | 4,629 | 165,718 |
1,041,670 | ||
Pharmaceuticals — 5.9% | ||
AbbVie, Inc. | 32,195 | 4,798,987 |
Becton Dickinson & Co. | 5,221 | 1,349,785 |
Bristol-Myers Squibb Co. | 38,009 | 2,206,042 |
Cardinal Health, Inc. | 4,592 | 398,677 |
Cencora, Inc. | 2,975 | 535,411 |
CVS Health Corp. | 23,490 | 1,640,072 |
Dexcom, Inc.* | 7,054 | 658,138 |
Eli Lilly & Co. | 14,573 | 7,827,596 |
Henry Schein, Inc.* | 2,307 | 171,295 |
Number of Shares | Value† | |
Pharmaceuticals — (continued) | ||
Johnson & Johnson | 43,920 | $6,840,540 |
McKesson Corp. | 2,500 | 1,087,125 |
Merck & Co., Inc. | 46,354 | 4,772,144 |
Organon & Co. | 4,483 | 77,825 |
Pfizer, Inc. | 103,230 | 3,424,139 |
The Cigna Group. | 5,384 | 1,540,201 |
Viatris, Inc. | 21,283 | 209,850 |
Zoetis, Inc. | 8,397 | 1,460,910 |
38,998,737 | ||
Pipelines — 0.4% | ||
Kinder Morgan, Inc. | 35,393 | 586,816 |
ONEOK, Inc. | 10,632 | 674,388 |
Targa Resources Corp. | 4,232 | 362,767 |
The Williams Cos., Inc. | 22,309 | 751,590 |
2,375,561 | ||
Private Equity — 0.2% | ||
Blackstone, Inc. | 12,870 | 1,378,892 |
Real Estate — 0.1% | ||
CBRE Group, Inc., Class A* | 5,697 | 420,780 |
Retail — 4.9% | ||
AutoZone, Inc.* | 332 | 843,277 |
Bath & Body Works, Inc. | 4,228 | 142,906 |
Best Buy Co., Inc. | 3,518 | 244,395 |
CarMax, Inc.* | 2,859 | 202,217 |
Chipotle Mexican Grill, Inc.* | 504 | 923,242 |
Costco Wholesale Corp. | 8,087 | 4,568,832 |
Darden Restaurants, Inc. | 2,258 | 323,391 |
Dollar General Corp. | 4,083 | 431,981 |
Dollar Tree, Inc.* | 3,867 | 411,642 |
Domino's Pizza, Inc. | 591 | 223,865 |
Genuine Parts Co. | 2,641 | 381,308 |
Lowe's Cos., Inc. | 10,666 | 2,216,821 |
McDonald's Corp. | 13,291 | 3,501,381 |
O'Reilly Automotive, Inc.* | 1,113 | 1,011,561 |
Ross Stores, Inc. | 6,332 | 715,199 |
Starbucks Corp. | 20,824 | 1,900,607 |
Target Corp. | 8,480 | 937,634 |
The Home Depot, Inc. | 18,360 | 5,547,658 |
The TJX Cos., Inc. | 20,888 | 1,856,525 |
Tractor Supply Co. | 1,974 | 400,821 |
Ulta Beauty, Inc.* | 905 | 361,502 |
Walgreens Boots Alliance, Inc. | 12,991 | 288,920 |
Walmart, Inc. | 26,040 | 4,164,577 |
Yum! Brands, Inc. | 5,104 | 637,694 |
32,237,956 | ||
Semiconductors — 7.3% | ||
Advanced Micro Devices, Inc.* | 29,432 | 3,026,198 |
Analog Devices, Inc. | 9,100 | 1,593,319 |
Applied Materials, Inc. | 15,276 | 2,114,962 |
Broadcom, Inc. | 7,538 | 6,260,912 |
Intel Corp. | 76,215 | 2,709,443 |
KLA Corp. | 2,481 | 1,137,935 |
5
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Index 500 Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Semiconductors — (continued) | ||
Lam Research Corp. | 2,450 | $1,535,587 |
Microchip Technology, Inc. | 10,074 | 786,276 |
Micron Technology, Inc. | 19,993 | 1,360,124 |
Monolithic Power Systems, Inc. | 816 | 376,992 |
NVIDIA Corp. | 45,081 | 19,609,784 |
NXP Semiconductors N.V. | 4,767 | 953,019 |
ON Semiconductor Corp.* | 8,000 | 743,600 |
Qorvo, Inc.* | 1,796 | 171,464 |
QUALCOMM, Inc. | 20,328 | 2,257,628 |
Skyworks Solutions, Inc. | 2,953 | 291,136 |
Teradyne, Inc. | 2,854 | 286,713 |
Texas Instruments, Inc. | 16,569 | 2,634,637 |
47,849,729 | ||
Shipbuilding — 0.0% | ||
Huntington Ingalls Industries, Inc. | 781 | 159,777 |
Software — 10.8% | ||
Activision Blizzard, Inc. | 13,089 | 1,225,523 |
Adobe, Inc.* | 8,318 | 4,241,348 |
Akamai Technologies, Inc.* | 2,773 | 295,435 |
ANSYS, Inc.* | 1,594 | 474,295 |
Autodesk, Inc.* | 3,907 | 808,397 |
Broadridge Financial Solutions, Inc. | 2,208 | 395,342 |
Cadence Design Systems, Inc.* | 4,929 | 1,154,865 |
Ceridian HCM Holding, Inc.* | 2,737 | 185,705 |
Electronic Arts, Inc. | 4,400 | 529,760 |
Fair Isaac Corp.* | 452 | 392,576 |
Fidelity National Information Services, Inc. | 10,833 | 598,740 |
Fiserv, Inc.* | 11,045 | 1,247,643 |
Intuit, Inc. | 5,052 | 2,581,269 |
Jack Henry & Associates, Inc. | 1,323 | 199,958 |
Microsoft Corp. | 135,953 | 42,927,160 |
MSCI, Inc. | 1,431 | 734,218 |
Oracle Corp. | 28,693 | 3,039,163 |
Paychex, Inc. | 5,867 | 676,641 |
Paycom Software, Inc. | 835 | 216,490 |
PTC, Inc.* | 2,028 | 287,327 |
Roper Technologies, Inc. | 1,949 | 943,862 |
Salesforce, Inc.* | 17,710 | 3,591,234 |
ServiceNow, Inc.* | 3,752 | 2,097,218 |
Synopsys, Inc.* | 2,798 | 1,284,198 |
Take-Two Interactive Software, Inc.* | 2,867 | 402,498 |
Tyler Technologies, Inc.* | 784 | 302,734 |
70,833,599 | ||
Telecommunications — 1.8% | ||
Arista Networks, Inc.* | 4,618 | 849,389 |
AT&T, Inc. | 130,834 | 1,965,127 |
Cisco Systems, Inc. | 74,146 | 3,986,089 |
Corning, Inc. | 14,078 | 428,957 |
Juniper Networks, Inc. | 6,246 | 173,576 |
Motorola Solutions, Inc. | 2,977 | 810,458 |
T-Mobile US, Inc.* | 9,378 | 1,313,389 |
Number of Shares | Value† | |
Telecommunications — (continued) | ||
Verizon Communications, Inc. | 76,771 | $2,488,148 |
12,015,133 | ||
Toys, Games & Hobbies — 0.0% | ||
Hasbro, Inc. | 2,270 | 150,138 |
Transportation — 1.3% | ||
C.H. Robinson Worldwide, Inc. | 2,077 | 178,892 |
CSX Corp. | 36,275 | 1,115,456 |
Expeditors International of Washington, Inc. | 2,789 | 319,703 |
FedEx Corp. | 4,240 | 1,123,261 |
J.B. Hunt Transport Services, Inc. | 1,537 | 289,755 |
Norfolk Southern Corp. | 4,168 | 820,804 |
Old Dominion Freight Line, Inc. | 1,609 | 658,307 |
Union Pacific Corp. | 11,132 | 2,266,809 |
United Parcel Service, Inc., Class B | 13,217 | 2,060,134 |
8,833,121 | ||
Water — 0.1% | ||
American Water Works Co., Inc. | 3,557 | 440,463 |
TOTAL COMMON STOCKS (Cost $347,515,453) | 641,546,883 | |
REAL ESTATE INVESTMENT TRUSTS — 2.2% | ||
Apartments — 0.3% | ||
AvalonBay Communities, Inc. | 2,623 | 450,474 |
Camden Property Trust | 1,888 | 178,567 |
Equity Residential | 6,228 | 365,646 |
Essex Property Trust, Inc. | 1,194 | 253,236 |
Invitation Homes, Inc. | 10,724 | 339,844 |
Mid-America Apartment Communities, Inc. | 2,196 | 282,515 |
UDR, Inc. | 5,929 | 211,487 |
2,081,769 | ||
Diversified — 0.8% | ||
American Tower Corp. | 8,495 | 1,397,003 |
Crown Castle, Inc. | 8,027 | 738,725 |
Digital Realty Trust, Inc. | 5,433 | 657,501 |
Equinix, Inc. | 1,688 | 1,225,927 |
SBA Communications Corp. | 1,955 | 391,332 |
VICI Properties, Inc. | 18,521 | 538,961 |
Weyerhaeuser Co. | 13,494 | 413,726 |
5,363,175 | ||
Healthcare — 0.2% | ||
Healthpeak Properties, Inc. | 10,191 | 187,107 |
Ventas, Inc. | 7,259 | 305,822 |
Welltower, Inc. | 9,173 | 751,452 |
1,244,381 | ||
Hotels & Resorts — 0.0% | ||
Host Hotels & Resorts, Inc. | 12,929 | 207,769 |
Industrial — 0.3% | ||
Prologis, Inc. | 16,955 | 1,902,520 |
6
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Index 500 Fund
Number of Shares | Value† | |
REAL ESTATE INVESTMENT TRUSTS — (continued) | ||
Office Property — 0.1% | ||
Alexandria Real Estate Equities, Inc. | 2,952 | $295,495 |
Boston Properties, Inc. | 2,751 | 163,630 |
459,125 | ||
Regional Malls — 0.1% | ||
Simon Property Group, Inc. | 6,041 | 652,609 |
Single Tenant — 0.1% | ||
Realty Income Corp. | 12,466 | 622,552 |
Storage & Warehousing — 0.2% | ||
Extra Space Storage, Inc. | 3,800 | 462,004 |
Iron Mountain, Inc. | 5,339 | 317,404 |
Public Storage | 2,862 | 754,194 |
1,533,602 | ||
Strip Centers — 0.1% | ||
Federal Realty Investment Trust | 1,466 | 132,864 |
Kimco Realty Corp. | 11,743 | 206,559 |
Regency Centers Corp. | 2,764 | 164,292 |
503,715 | ||
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $12,892,839) | 14,571,217 |
SHORT-TERM INVESTMENTS — 0.3% | ||
BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 5.236%) (Cost $1,590,543) | 1,590,543 | 1,590,543 |
TOTAL INVESTMENTS — 100.1% (Cost $361,998,835) | $657,708,643 | |
Other Assets & Liabilities — (0.1)% | (350,290) | |
TOTAL NET ASSETS — 100.0% | $657,358,353 |
† | See Security Valuation Note in the most recent semi-annual or annual report. |
* | Non-income producing security. |
N.V.— Naamloze Vennootschap. |
NA— National Association. |
PLC— Public Limited Company. |
S&P— Standards & Poor's |
7
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Index 500 Fund
Futures contracts held by the Fund at September 30, 2023 are as follows:
Futures Contracts: Exchange Traded | ||||||||||||||||
Type | Futures Contract | Expiration Date | Numbers of Contracts | Units per Contract | Closing Price | Notional Value | Unrealized Appreciation | Unrealized Depreciation | ||||||||
Long | E-mini S&P 500 Index | 12/15/23 | 12 | 50 | $4,326 | $2,595,300 | $— | $(112,515) | ||||||||
$— | $(112,515) |
8