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Asset Manager ← All Institutions

Permanens Capital L.P.

Q2 2025 · Filed 2025-08-14
Market Value
$733M
+33.1%
Holdings
75
+11
New Purchases
16
Added To
46
Closed
8
Reduced
4
Top 10 Concentration
79.8%
Turnover
32.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SHYG 5.19% 0.00% +5.19% $38M
SLV 2.77% 0.00% +2.77% $20M
SHY 1.87% 0.06% +1.82% $14M
BBJP 3.13% 1.48% +1.65% $23M
CCJ 1.87% 0.52% +1.34% $14M
DXJ 7.33% 6.35% +0.98% $54M
DBEU 8.51% 7.77% +0.74% $62M
EAGL 3.13% 2.53% +0.60% $23M
RSP 0.47% 0.09% +0.38% $3M
BRT 0.36% 0.07% +0.29% $3M
BGC 0.24% 0.00% +0.24% $2M
ARCC 0.20% 0.00% +0.20% $1M
BIL 0.39% 0.20% +0.19% $3M
MSFT 1.20% 1.02% +0.18% $9M
ASML 0.18% 0.00% +0.18% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VUG 18.09% 23.89% -5.80% $133M
VTV 19.33% 24.71% -5.39% $142M
IAU 7.74% 9.35% -1.61% $57M
AAPL 0.00% 0.83% -0.83% $0
DIS 0.00% 0.81% -0.81% $0
PREF 3.94% 4.69% -0.75% $29M
SUSA 0.43% 1.01% -0.59% $3M
EMXC 3.46% 3.98% -0.52% $25M
PHYS 0.00% 0.31% -0.31% $0
BRK-B 0.72% 0.93% -0.21% $5M
SPY 0.20% 0.40% -0.20% $1M
SPYV 0.00% 0.12% -0.12% $0
SPYG 0.00% 0.10% -0.10% $0
GEV 0.00% 0.09% -0.09% $0
JEF 0.00% 0.07% -0.07% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 21 $316M 43.1%
Large Cap 40 $202M 27.6%
Mid Cap 6 $120M 16.4%
Small Cap 6 $92M 12.5%
Micro Cap 2 $3M 0.4%

Portfolio Analytics

Avg Market Cap
$451.5B
Median Market Cap
$52.5B
Avg P/E
25.4
Median P/E
21.0
Avg Dividend Yield
0.02%
Avg Beta
1.02
# Stocks
51
# ETFs / Funds
24

Top Holdings (75 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VTV 19.33% 797,030 $142M $177.70 $6M +9,202 +1.2%
2 VUG 18.09% 301,987 $133M $438.90 $1M -52,726 -14.9%
3 DBEU 8.51% 1,414,972 $62M $44.08 $20M +446,333 +46.1%
4 IAU 7.74% 909,546 $57M $62.36 $5M +35,804 +4.1%
5 DXJ 7.33% 469,995 $54M $114.27 $19M +152,751 +48.1%
6 SHYG 5.19% 881,749 $38M $43.14 +881,749 NEW
7 PREF 3.94% 1,520,729 $29M $18.97 $3M +139,798 +10.1%
8 EMXC 3.46% 401,493 $25M $63.14 $3M +3,860 +1.0%
9 EAGL 3.13% 760,077 $23M $30.18 $9M +262,797 +52.9%
10 BBJP 3.13% 370,860 $23M $61.78 $15M +225,933 +155.9%
11 SLV 2.77% 618,578 $20M $32.81 +618,578 NEW
12 SHY 1.87% 165,623 $14M $82.86 $13M +161,960 +4421.5%
13 CCJ 1.87% 184,304 $14M $74.23 $11M +114,368 +163.5%
14 MSFT 1.20% 17,652 $9M $497.41 $3M +2,753 +18.5%
15 ULTA 0.83% 12,946 $6M $467.82 $2M +1,718 +15.3%
16 SCHW 0.76% 61,341 $6M $91.24 $1M +6,813 +12.5%
17 JPM 0.75% 18,876 $5M $289.91 $1M +2,092 +12.5%
18 BRK-B 0.72% 10,920 $5M $485.77 $173K +1,284 +13.3%
19 UBS 0.70% 151,596 $5M $33.82 $1M +20,899 +16.0%
20 WMT 0.68% 50,851 $5M $97.78 $1M +5,826 +12.9%
21 MAR 0.65% 17,453 $5M $273.21 $1M +2,057 +13.4%
22 RSP 0.47% 19,069 $3M $181.74 $3M +16,182 +560.5%
23 SUSA 0.43% 24,577 $3M $126.75 -$2M -24,064 -49.5%
24 AMZN 0.42% 14,147 $3M $219.39 $872K +2,418 +20.6%
25 BIL 0.39% 31,005 $3M $91.73 $2M +18,984 +157.9%
26 BRT 0.36% 165,848 $3M $15.83 $2M +142,540 +611.5%
27 COP 0.29% 23,438 $2M $89.74 $346K +6,708 +40.1%
28 UNH 0.28% 6,537 $2M $311.97 $734K +4,044 +162.2%
29 CMCSA 0.25% 50,622 $2M $35.69 $363K +11,491 +29.4%
30 AER 0.25% 15,416 $2M $117.00 $528K +2,952 +23.7%
31 BGC 0.24% 170,000 $2M $10.23 +170,000 NEW
32 COF 0.23% 8,034 $2M $212.76 $875K +3,381 +72.7%
33 META 0.23% 2,244 $2M $738.09 $483K +209 +10.3%
34 WDAY 0.22% 6,856 $2M $240.00 $477K +1,852 +37.0%
35 GOOG 0.22% 8,894 $2M $177.39 $301K +724 +8.9%
36 SPY 0.20% 2,407 $1M $619.61 -$719K -1,531 -38.9%
37 TSM 0.20% 6,472 $1M $227.27 $638K +1,466 +29.3%
38 SHEL 0.20% 20,704 $1M $70.41 $143K +2,764 +15.4%
39 ARCC 0.20% 65,128 $1M $21.96 +65,128 NEW
40 WWD 0.19% 5,706 $1M $245.09 $593K +1,291 +29.2%
41 ASML 0.18% 1,601 $1M $801.39 +1,601 NEW
42 LEN 0.16% 10,862 $1M $110.61 $402K +3,901 +56.0%
43 SAP 0.16% 3,832 $1M $304.10 $318K +677 +21.5%
44 HUM 0.16% 4,645 $1M $245.36 $399K +1,855 +66.5%
45 AON 0.13% 2,763 $986K $356.76 $76K +484 +21.2%
46 EL 0.13% 11,461 $926K $80.80 $340K +2,589 +29.2%
47 LBRDK 0.12% 8,695 $855K $98.38 $298K +2,145 +32.8%
48 DHR 0.10% 3,715 $735K $197.82 +3,715 NEW
49 QXO 0.10% 34,000 $732K $21.54 +34,000 NEW
50 ANTM 0.10% 1,814 $706K $388.96 $94K +408 +29.0%
51 AA 0.08% 19,601 $578K $29.51 $115K +4,410 +29.0%
52 HLT 0.08% 2,162 $576K $266.34 $195K +489 +29.2%
53 WFC 0.07% 6,564 $526K $80.12 -$23K -1,080 -14.1%
54 QQQ 0.07% 950 $525K $552.23 $209K +279 +41.6%
55 PTC 0.07% 3,027 $522K $172.34 $234K +1,171 +63.1%
56 INTU 0.07% 651 $513K $787.63 $203K +146 +28.9%
57 IVV 0.05% 594 $369K $620.90 $55K +35 +6.3%
58 IWF 0.05% 802 $340K $424.48 +802 NEW
59 ALTI 0.04% 77,817 $323K $4.15 +77,817 NEW
60 IWD 0.04% 1,442 $280K $194.28 +1,442 NEW
61 PODC 0.04% 105,876 $257K $2.42 +105,876 NEW
62 MLM 0.03% 434 $238K $548.96 +434 NEW
63 VMC 0.03% 863 $225K $260.82 +863 NEW
64 NVDA 0.03% 1,361 $215K $158.00 +1,361 NEW
65 ACP 0.02% 27,500 $162K $5.90 +27,500 NEW
66 NNDM 0.01% 50,000 $81K $1.62 +50,000 NEW
67 ACHR-WT 0.01% 15,483 $50K $3.23 $22K
68 DIS —% -$4M -45,149 -100.0% SOLD
69 GEV —% -$483K -1,581 -100.0% SOLD
70 DFS —% -$264K -1,546 -100.0% SOLD
71 SPYV —% -$653K -12,784 -100.0% SOLD
72 PHYS —% -$2M -70,327 -100.0% SOLD
73 SPYG —% -$572K -7,114 -100.0% SOLD
74 AAPL —% -$5M -20,475 -100.0% SOLD
75 JEF —% -$406K -7,580 -100.0% SOLD

New Positions

SymbolValue% Port
SHYG $38M 5.19%
SLV $20M 2.77%
BGC $2M 0.24%
ARCC $1M 0.20%
ASML $1M 0.18%
DHR $735K 0.10%
QXO $732K 0.10%
IWF $340K 0.05%
ALTI $323K 0.04%
IWD $280K 0.04%
PODC $257K 0.04%
MLM $238K 0.03%
VMC $225K 0.03%
NVDA $215K 0.03%
ACP $162K 0.02%

Sold Out Positions

SymbolValue% Port
DIS —%
GEV —%
JEF —%
AAPL —%
SPYV —%
SPYG —%
PHYS —%
DFS —%
View SEC EDGAR Filings for Permanens Capital L.P. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms