Penn Series Funds, Inc.
Schedule of Investments — September 30, 2024 (Unaudited)
Large Cap Value Fund
Number of Shares | Value† | |
COMMON STOCKS — 96.5% | ||
Aerospace & Defense — 2.3% | ||
Curtiss-Wright Corp. | 2,728 | $896,666 |
RTX Corp. | 25,307 | 3,066,196 |
3,962,862 | ||
Agriculture — 3.3% | ||
Philip Morris International, Inc. | 47,078 | 5,715,269 |
Apparel — 1.0% | ||
NIKE, Inc., Class B | 20,000 | 1,768,000 |
Auto Manufacturers — 0.6% | ||
PACCAR, Inc. | 10,169 | 1,003,477 |
Auto Parts & Equipment — 1.1% | ||
BorgWarner, Inc. | 51,832 | 1,880,983 |
Banks — 7.6% | ||
Citigroup, Inc. | 58,190 | 3,642,694 |
JPMorgan Chase & Co. | 31,203 | 6,579,464 |
Wells Fargo & Co. | 53,436 | 3,018,600 |
13,240,758 | ||
Biotechnology — 6.4% | ||
Amgen, Inc. | 3,805 | 1,226,009 |
Gilead Sciences, Inc. | 36,983 | 3,100,655 |
Regeneron Pharmaceuticals, Inc.* | 4,204 | 4,419,413 |
United Therapeutics Corp.* | 6,610 | 2,368,693 |
11,114,770 | ||
Building Materials — 0.8% | ||
Builders FirstSource, Inc.* | 7,248 | 1,405,097 |
Chemicals — 1.7% | ||
CF Industries Holdings, Inc. | 12,710 | 1,090,518 |
LyondellBasell Industries N.V., Class A | 7,441 | 713,592 |
PPG Industries, Inc. | 9,311 | 1,233,335 |
3,037,445 | ||
Commercial Services — 3.1% | ||
Robert Half, Inc. | 18,551 | 1,250,523 |
S&P Global, Inc. | 8,080 | 4,174,290 |
5,424,813 | ||
Computers — 3.9% | ||
Accenture PLC, Class A | 13,352 | 4,719,665 |
TE Connectivity PLC | 13,910 | 2,100,271 |
6,819,936 | ||
Distribution & Wholesale — 0.3% | ||
LKQ Corp. | 11,764 | 469,619 |
Diversified Financial Services — 1.1% | ||
Mastercard, Inc., Class A | 3,980 | 1,965,324 |
Electrical Components & Equipment — 1.8% | ||
Emerson Electric Co. | 13,421 | 1,467,855 |
Generac Holdings, Inc.* | 11,080 | 1,760,390 |
3,228,245 |
Number of Shares | Value† | |
Electronics — 2.0% | ||
Allegion PLC | 7,808 | $1,137,938 |
nVent Electric PLC | 32,296 | 2,269,117 |
3,407,055 | ||
Environmental Control — 1.0% | ||
Veralto Corp. | 15,980 | 1,787,523 |
Healthcare Products — 1.7% | ||
GE HealthCare Technologies, Inc. | 31,570 | 2,962,845 |
Healthcare Services — 3.2% | ||
Elevance Health, Inc. | 10,721 | 5,574,920 |
Home Builders — 0.7% | ||
D.R. Horton, Inc. | 6,778 | 1,293,039 |
Insurance — 7.2% | ||
Axis Capital Holdings Ltd. | 39,827 | 3,170,627 |
Berkshire Hathaway, Inc., Class B* | 14,796 | 6,810,007 |
MetLife, Inc. | 14,023 | 1,156,617 |
MGIC Investment Corp. | 54,490 | 1,394,944 |
12,532,195 | ||
Investment Companies — 0.7% | ||
Blackstone Secured Lending Fund | 39,450 | 1,155,491 |
Iron & Steel — 1.6% | ||
Steel Dynamics, Inc. | 21,720 | 2,738,458 |
Machinery — Construction & Mining — 0.5% | ||
Oshkosh Corp. | 9,520 | 953,999 |
Machinery — Diversified — 1.4% | ||
Dover Corp. | 5,554 | 1,064,924 |
Westinghouse Air Brake Technologies Corp. | 7,126 | 1,295,293 |
2,360,217 | ||
Media — 2.2% | ||
Comcast Corp., Class A | 93,038 | 3,886,197 |
Miscellaneous Manufacturing — 1.1% | ||
A.O. Smith Corp. | 12,270 | 1,102,214 |
Textron, Inc. | 8,460 | 749,387 |
1,851,601 | ||
Oil & Gas — 6.4% | ||
Chevron Corp. | 12,718 | 1,872,980 |
ConocoPhillips | 15,787 | 1,662,055 |
EOG Resources, Inc. | 28,727 | 3,531,410 |
Helmerich & Payne, Inc. | 30,671 | 933,012 |
Phillips 66 | 24,172 | 3,177,410 |
11,176,867 | ||
Oil & Gas Services — 0.2% | ||
ChampionX Corp. | 13,977 | 421,407 |
Pharmaceuticals — 7.7% | ||
Cencora, Inc. | 19,017 | 4,280,346 |
Johnson & Johnson | 25,220 | 4,087,153 |
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Penn Series Funds, Inc.
Schedule of Investments — September 30, 2024 (Unaudited)
Large Cap Value Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Pharmaceuticals — (continued) | ||
Merck & Co., Inc. | 27,030 | $3,069,527 |
Roche Holding AG, ADR | 50,910 | 2,033,855 |
13,470,881 | ||
Retail — 11.2% | ||
Casey's General Stores, Inc. | 5,050 | 1,897,336 |
Ferguson Enterprises, Inc. | 6,967 | 1,383,437 |
Lululemon Athletica, Inc.* | 5,810 | 1,576,544 |
MSC Industrial Direct Co., Inc., Class A | 9,400 | 808,964 |
Ross Stores, Inc. | 23,539 | 3,542,855 |
Starbucks Corp. | 26,560 | 2,589,334 |
Walmart, Inc. | 94,810 | 7,655,907 |
19,454,377 | ||
Semiconductors — 5.2% | ||
Intel Corp. | 44,260 | 1,038,340 |
QUALCOMM, Inc. | 14,405 | 2,449,570 |
Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 11,532 | 2,002,762 |
Texas Instruments, Inc. | 17,630 | 3,641,829 |
9,132,501 | ||
Software — 5.5% | ||
Electronic Arts, Inc. | 28,430 | 4,077,999 |
Fiserv, Inc.* | 30,442 | 5,468,905 |
9,546,904 | ||
Transportation — 2.0% | ||
J.B. Hunt Transport Services, Inc. | 13,490 | 2,324,732 |
United Parcel Service, Inc., Class B | 9,110 | 1,242,057 |
3,566,789 | ||
TOTAL COMMON STOCKS (Cost $137,868,092) | 168,309,864 | |
REAL ESTATE INVESTMENT TRUSTS — 0.9% | ||
Storage & Warehousing — 0.9% | ||
Public Storage (Cost $1,226,093) | 4,610 | 1,677,440 |
SHORT-TERM INVESTMENTS — 2.5% | ||
BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 4.833%) (Cost $4,319,796) | 4,319,796 | 4,319,796 |
TOTAL INVESTMENTS — 99.9% (Cost $143,413,981) | $174,307,100 | |
Other Assets & Liabilities — 0.1% | 136,486 | |
TOTAL NET ASSETS — 100.0% | $174,443,586 |
† | See Security Valuation Note in the most recent semi-annual or annual report. |
* | Non-income producing security. |
ADR— American Depositary Receipt. |
AG— Aktiengesellschaft. |
N.V.— Naamloze Vennootschap. |
PLC— Public Limited Company. |
Country Weightings as of 9/30/2024†† | |
United States | 89% |
Ireland | 5 |
Bermuda | 2 |
United Kingdom | 1 |
Switzerland | 1 |
Taiwan | 1 |
Canada | 1 |
Total | 100% |
†† | % of total investments as of September 30, 2024. |
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