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Asset Manager ← All Institutions

Permanens Capital L.P.

Q3 2025 · Filed 2025-11-14
Market Value
$670M
-8.5%
Holdings
93
+18
New Purchases
26
Added To
16
Closed
32
Reduced
13
Top 10 Concentration
82.2%
Turnover
62.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BIL 6.05% 0.39% +5.66% $41M
SLV 5.89% 2.77% +3.12% $39M
JPY 2.60% 0.00% +2.60% $17M
IAU 9.67% 7.74% +1.93% $65M
MUFG 0.94% 0.00% +0.94% $6M
UNH 1.02% 0.28% +0.74% $7M
IBIT 0.52% 0.00% +0.52% $4M
EAGL 3.56% 3.13% +0.43% $24M
NFLX 0.35% 0.00% +0.35% $2M
WMT 1.02% 0.68% +0.35% $7M
IEI 0.28% 0.00% +0.28% $2M
IGSB 0.28% 0.00% +0.28% $2M
PREF 4.19% 3.94% +0.26% $28M
JPM 0.99% 0.75% +0.25% $7M
UBS 0.93% 0.70% +0.23% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EMXC 0.00% 3.46% -3.46% $0
BBJP 0.00% 3.13% -3.13% $0
DBEU 5.66% 8.51% -2.85% $38M
SHY 0.00% 1.87% -1.87% $0
DXJ 5.57% 7.33% -1.76% $37M
VTV 18.35% 19.33% -0.97% $123M
BRK-B 0.03% 0.72% -0.69% $222K
MAR 0.00% 0.65% -0.65% $0
RSP 0.00% 0.47% -0.47% $0
SUSA 0.00% 0.43% -0.43% $0
COP 0.00% 0.29% -0.29% $0
AMZN 0.16% 0.42% -0.27% $1M
CMCSA 0.00% 0.25% -0.25% $0
AER 0.00% 0.25% -0.25% $0
COF 0.00% 0.23% -0.23% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 25 $291M 43.5%
Large Cap 43 $191M 28.5%
Mid Cap 10 $100M 14.8%
Small Cap 10 $67M 10.0%
Micro Cap 5 $21M 3.2%

Portfolio Analytics

Avg Market Cap
$429.6B
Median Market Cap
$45.6B
Avg P/E
30.8
Median P/E
28.0
Avg Dividend Yield
0.03%
Avg Beta
1.10
# Stocks
63
# ETFs / Funds
30

Top Holdings (93 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VTV 18.35% 656,355 $123M $187.43 -$19M -140,675 -17.6%
2 VUG 18.18% 253,775 $122M $480.12 -$11M -48,212 -16.0%
3 IAU 9.67% 890,255 $65M $72.77 $8M -19,291 -2.1%
4 BIL 6.05% 441,640 $41M $91.75 $38M +410,635 +1324.4%
5 SLV 5.89% 931,983 $39M $42.37 $19M +313,405 +50.7%
6 DBEU 5.66% 823,835 $38M $46.05 -$24M -591,137 -41.8%
7 DXJ 5.57% 291,733 $37M $128.03 -$16M -178,262 -37.9%
8 SHYG 5.08% 786,065 $34M $43.30 -$4M -95,684 -10.8%
9 PREF 4.19% 1,468,514 $28M $19.14 -$741K -52,215 -3.4%
10 EAGL 3.56% 764,024 $24M $31.26 $944K +3,947 +0.5%
11 JPY 2.60% 555,599 $17M $31.40 +555,599 NEW
12 CCJ 2.09% 166,648 $14M $83.86 $294K -17,656 -9.6%
13 WMT 1.02% 66,589 $7M $103.06 $2M +15,738 +30.9%
14 UNH 1.02% 19,784 $7M $345.30 $5M +13,247 +202.7%
15 MSFT 1.02% 13,142 $7M $517.95 -$2M -4,510 -25.6%
16 JPM 0.99% 21,121 $7M $315.43 $1M +2,245 +11.9%
17 MUFG 0.94% 395,273 $6M $15.94 +395,273 NEW
18 UBS 0.93% 151,917 $6M $41.00 $1M +321 +0.2%
19 ULTA 0.92% 11,236 $6M $546.75 $87K -1,710 -13.2%
20 SCHW 0.89% 62,587 $6M $95.47 $378K +1,246 +2.0%
21 IBIT 0.52% 53,878 $4M $65.00 +53,878 NEW
22 BRT 0.48% 201,263 $3M $15.86 $567K +35,415 +21.4%
23 SPY 0.43% 4,318 $3M $668.11 $1M +1,911 +79.4%
24 NFLX 0.35% 1,936 $2M $1,198.92 +1,936 NEW
25 IEI 0.28% 15,596 $2M $119.51 +15,596 NEW
26 IGSB 0.28% 35,143 $2M $53.03 +35,143 NEW
27 BGC 0.24% 170,000 $2M $9.46 -$131K
28 ARCC 0.20% 65,544 $1M $20.41 -$92K +416 +0.6%
29 AAPL 0.19% 5,075 $1M $254.63 +5,075 NEW
30 ETHA 0.18% 38,220 $1M $31.51 +38,220 NEW
31 META 0.18% 1,635 $1M $734.38 -$456K -609 -27.1%
32 QLD 0.18% 8,605 $1M $137.20 +8,605 NEW
33 SHOP 0.18% 7,927 $1M $148.61 +7,927 NEW
34 MA 0.17% 1,967 $1M $568.81 +1,967 NEW
35 GOOGL 0.16% 4,369 $1M $243.10 +4,369 NEW
36 AMZN 0.16% 4,814 $1M $219.57 -$2M -9,333 -66.0%
37 KWEB 0.13% 20,336 $854K $42.01 +20,336 NEW
38 QXO 0.13% 44,000 $839K $19.06 $106K +10,000 +29.4%
39 QQQ 0.10% 1,158 $696K $600.93 $171K +208 +21.9%
40 DELL 0.09% 4,067 $577K $141.77 +4,067 NEW
41 WULF 0.08% 45,000 $514K $11.42 +45,000 NEW
42 BBEU 0.06% 5,760 $401K $69.61 +5,760 NEW
43 IVV 0.06% 594 $398K $669.30 $29K
44 IWF 0.06% 803 $376K $468.15 $35K +1 +0.1%
45 NVDA 0.05% 1,898 $354K $186.59 $139K +537 +39.5%
46 LVO 0.05% 83,726 $346K $4.13 +83,726 NEW
47 BP 0.05% 9,472 $326K $34.46 +9,472 NEW
48 BAC 0.05% 5,948 $307K $51.59 +5,948 NEW
49 IWD 0.04% 1,449 $295K $203.56 $15K +7 +0.5%
50 ALTI 0.04% 77,817 $277K $3.56 -$46K
51 MELI 0.04% 118 $276K $2,336.94 +118 NEW
52 BRK-B 0.03% 441 $222K $502.74 -$5M -10,479 -96.0%
53 FSK 0.03% 12,058 $188K $15.63 +12,058 NEW
54 PODC 0.03% 105,876 $178K $1.68 -$79K
55 ACP 0.02% 27,500 $160K $5.80 -$3K
56 CCAP 0.02% 10,000 $147K $14.68 +10,000 NEW
57 TCPC 0.02% 21,406 $133K $6.20 +21,406 NEW
58 AINV 0.02% 11,029 $132K $11.99 +11,029 NEW
59 NNDM 0.01% 50,000 $78K $1.57 -$2K
60 RC 0.01% 15,000 $60K $4.00 +15,000 NEW
61 HYS 0.01% 513 $49K $95.68 +513 NEW
62 RSP —% -$3M -19,069 -100.0% SOLD
63 TSM —% -$1M -6,472 -100.0% SOLD
64 BBJP —% -$23M -370,860 -100.0% SOLD
65 EL —% -$926K -11,461 -100.0% SOLD
66 DHR —% -$735K -3,715 -100.0% SOLD
67 LBRDK —% -$855K -8,695 -100.0% SOLD
68 GOOG —% -$2M -8,894 -100.0% SOLD
69 COP —% -$2M -23,438 -100.0% SOLD
70 MAR —% -$5M -17,453 -100.0% SOLD
71 SHY —% -$14M -165,623 -100.0% SOLD
72 ASML —% -$1M -1,601 -100.0% SOLD
73 LEN —% -$1M -10,862 -100.0% SOLD
74 AON —% -$986K -2,763 -100.0% SOLD
75 SAP —% -$1M -3,832 -100.0% SOLD
76 WDAY —% -$2M -6,856 -100.0% SOLD
77 ANTM —% -$706K -1,814 -100.0% SOLD
78 HUM —% -$1M -4,645 -100.0% SOLD
79 CMCSA —% -$2M -50,622 -100.0% SOLD
80 WFC —% -$526K -6,564 -100.0% SOLD
81 EMXC —% -$25M -401,493 -100.0% SOLD
82 AA —% -$578K -19,601 -100.0% SOLD
83 SHEL —% -$1M -20,704 -100.0% SOLD
84 WWD —% -$1M -5,706 -100.0% SOLD
85 HLT —% -$576K -2,162 -100.0% SOLD
86 ACHR-WT —% -$50K -15,483 -100.0% SOLD
87 PTC —% -$522K -3,027 -100.0% SOLD
88 COF —% -$2M -8,034 -100.0% SOLD
89 SUSA —% -$3M -24,577 -100.0% SOLD
90 AER —% -$2M -15,416 -100.0% SOLD
91 MLM —% -$238K -434 -100.0% SOLD
92 INTU —% -$513K -651 -100.0% SOLD
93 VMC —% -$225K -863 -100.0% SOLD

New Positions

SymbolValue% Port
JPY $17M 2.60%
MUFG $6M 0.94%
IBIT $4M 0.52%
NFLX $2M 0.35%
IEI $2M 0.28%
IGSB $2M 0.28%
AAPL $1M 0.19%
ETHA $1M 0.18%
QLD $1M 0.18%
SHOP $1M 0.18%
MA $1M 0.17%
GOOGL $1M 0.16%
KWEB $854K 0.13%
DELL $577K 0.09%
WULF $514K 0.08%

Sold Out Positions

SymbolValue% Port
AA —%
HLT —%
AON —%
DHR —%
SHEL —%
MLM —%
COP —%
LEN —%
SAP —%
AER —%
VMC —%
COF —%
EL —%
HUM —%
ASML —%
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