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Asset Manager ← All Institutions

Permanens Capital L.P.

Q1 2026 · Filed 2026-05-15
Market Value
$776M
+1.2%
Holdings
98
+10
New Purchases
18
Added To
25
Closed
11
Reduced
27
Top 10 Concentration
74.8%
Turnover
29.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IAU 21.42% 11.88% +9.53% $166M
SECU 5.28% 0.00% +5.28% $41M
SCHI 3.94% 0.00% +3.94% $31M
BIL 11.66% 7.91% +3.75% $91M
IEI 3.94% 0.26% +3.68% $31M
BKR 1.37% 0.00% +1.37% $11M
BRK-B 1.22% 0.00% +1.22% $9M
VTV 15.15% 13.98% +1.17% $118M
BKLN 1.01% 0.00% +1.01% $8M
BRHY 1.01% 0.00% +1.01% $8M
RSP 0.84% 0.00% +0.84% $7M
IAUM 1.60% 0.85% +0.74% $12M
CCJ 2.37% 2.08% +0.29% $18M
MUFG 1.26% 1.10% +0.16% $10M
JPM 1.29% 1.15% +0.14% $10M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SLV 0.00% 7.56% -7.56% $0
DXJ 0.49% 5.50% -5.02% $4M
SHYG 0.00% 4.74% -4.74% $0
VUG 6.46% 10.28% -3.82% $50M
BBEU 1.93% 5.36% -3.43% $15M
EAGL 1.17% 3.39% -2.22% $9M
PREF 2.05% 4.27% -2.21% $16M
UBS 0.00% 1.25% -1.25% $0
SCHW 0.00% 1.11% -1.11% $0
AMZN 0.50% 0.81% -0.31% $4M
IGSB 0.00% 0.26% -0.26% $0
WDAY 0.15% 0.38% -0.23% $1M
UNH 0.21% 0.44% -0.22% $2M
AER 0.12% 0.33% -0.20% $961K
COF 0.15% 0.36% -0.20% $1M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 24 $247M 31.9%
Large Cap 44 $387M 49.9%
Mid Cap 14 $52M 6.7%
Small Cap 8 $58M 7.5%
Micro Cap 8 $31M 4.0%

Portfolio Analytics

Avg Market Cap
$408.2B
Median Market Cap
$41.3B
Avg P/E
29.6
Median P/E
25.4
Avg Dividend Yield
0.03%
Avg Beta
0.93
# Stocks
65
# ETFs / Funds
33

Top Holdings (98 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IAU 21.42% 1,885,466 $166M $88.16 $75M +763,004 +68.0%
2 VTV 15.15% 599,227 $118M $196.20 $10M +37,934 +6.8%
3 BIL 11.66% 987,782 $91M $91.64 $30M +323,670 +48.7%
4 VUG 6.46% 114,815 $50M $436.79 -$29M -46,732 -28.9%
5 SECU 5.28% 822,353 $41M $49.81 +822,353 NEW
6 SCHI 3.94% 1,349,942 $31M $22.68 +1,349,942 NEW
7 IEI 3.94% 257,944 $31M $118.60 $29M +241,436 +1462.5%
8 JPY 2.53% 596,251 $20M $32.92 $989K +13,646 +2.3%
9 CCJ 2.37% 169,262 $18M $108.61 $2M -4,921 -2.8%
10 PREF 2.05% 847,144 $16M $18.82 -$17M -868,623 -50.6%
11 BBEU 1.93% 206,582 $15M $72.41 -$26M -353,696 -63.1%
12 IAUM 1.60% 265,651 $12M $46.70 $6M +113,270 +74.3%
13 MSFT 1.49% 31,146 $12M $370.17 -$670K +5,922 +23.5%
14 WMT 1.39% 86,688 $11M $124.53 $1M +285 +0.3%
15 BKR 1.37% 174,553 $11M $61.05 +174,553 NEW
16 JPM 1.29% 34,064 $10M $294.16 $1M +6,628 +24.2%
17 MUFG 1.26% 575,644 $10M $16.97 $1M +42,411 +8.0%
18 ULTA 1.25% 18,584 $10M $522.71 $659K +3,618 +24.2%
19 BRK-B 1.22% 19,820 $9M $479.20 +19,820 NEW
20 EAGL 1.17% 299,137 $9M $30.42 -$17M -501,534 -62.6%
21 BKLN 1.01% 383,369 $8M $20.41 +383,369 NEW
22 BRHY 1.01% 154,756 $8M $50.47 +154,756 NEW
23 RSP 0.84% 34,000 $7M $191.92 +34,000 NEW
24 SPY 0.52% 6,233 $4M $652.12 $845K +1,526 +32.4%
25 AMZN 0.50% 18,494 $4M $208.27 -$2M -8,370 -31.2%
26 DXJ 0.49% 23,914 $4M $158.58 -$38M -268,841 -91.8%
27 NFLX 0.39% 31,780 $3M $96.15 $590K +5,484 +20.9%
28 BRT 0.35% 201,265 $3M $13.54 -$274K +1
29 COP 0.32% 19,069 $3M $132.00 -$725K -15,563 -44.9%
30 META 0.28% 3,850 $2M $572.13 -$803K -703 -15.4%
31 TSM 0.23% 5,274 $2M $338.89 -$980K -3,809 -41.9%
32 GOOGL 0.23% 6,110 $2M $287.56 -$155K
33 BGC 0.21% 170,000 $2M $9.78 $144K
34 MELI 0.21% 957 $2M $1,729.02 -$29K +121 +14.5%
35 UNH 0.21% 6,085 $2M $270.59 -$2M -4,065 -40.0%
36 MA 0.21% 3,211 $2M $499.66 $165K +690 +27.4%
37 GOOG 0.20% 5,504 $2M $286.86 -$1M -3,859 -41.2%
38 AAPL 0.19% 5,803 $1M $253.79 -$105K
39 SAP 0.19% 8,494 $1M $171.21 -$376K +959 +12.7%
40 DHR 0.17% 6,890 $1M $190.00 -$1M -3,708 -35.0%
41 QQQ 0.16% 2,204 $1M $577.11 $593K +1,099 +99.5%
42 QLD 0.16% 20,750 $1M $61.00 -$195K
43 COF 0.15% 6,547 $1M $182.43 -$2M -4,731 -42.0%
44 SHOP 0.15% 10,030 $1M $118.62 -$425K
45 ARCC 0.15% 65,544 $1M $18.02 -$145K
46 WDAY 0.15% 8,826 $1M $129.92 -$2M -4,684 -34.7%
47 CMCSA 0.14% 37,901 $1M $28.71 -$1M -33,146 -46.6%
48 INTU 0.13% 2,251 $973K $432.38 $368K +1,337 +146.3%
49 QXO 0.13% 50,000 $971K $19.42 $122K +6,000 +13.6%
50 AER 0.12% 7,002 $961K $137.18 -$2M -10,514 -60.0%
51 IEFA 0.12% 10,594 $959K $90.53 +10,594 NEW
52 LEN 0.12% 10,989 $954K $86.84 -$990K -7,928 -41.9%
53 AA 0.12% 14,169 $940K $66.33 -$522K -13,342 -48.5%
54 WWD 0.11% 2,457 $879K $357.92 -$1M -4,980 -67.0%
55 KWEB 0.10% 27,792 $790K $28.43 -$156K
56 ASML 0.08% 493 $651K $1,320.83 -$987K -1,038 -67.8%
57 AJG 0.08% 2,905 $629K $216.58 +2,905 NEW
58 EL 0.08% 8,646 $621K $71.77 -$928K -6,146 -41.5%
59 BP 0.07% 12,266 $577K $47.00 $151K
60 SHEL 0.07% 6,013 $559K $93.00 -$558K -9,197 -60.5%
61 SPGI 0.07% 1,251 $532K $425.34 +1,251 NEW
62 HUM 0.06% 2,813 $490K $174.28 -$917K -2,661 -48.6%
63 FRDM 0.06% 8,644 $472K $54.66 +8,644 NEW
64 EMEQ 0.06% 10,235 $462K $45.10 +10,235 NEW
65 GLD 0.06% 1,049 $451K $430.29 +1,049 NEW
66 ANTM 0.06% 1,479 $433K $292.75 -$460K -1,067 -41.9%
67 IVV 0.05% 639 $417K $653.21 -$3K +25 +4.1%
68 LVO 0.05% 78,823 $402K $5.10 $30K
69 LBRDK 0.05% 7,576 $381K $50.30 -$222K -4,830 -38.9%
70 BXSL 0.05% 15,375 $376K $24.46 +15,375 NEW
71 NVDA 0.05% 2,076 $362K $174.41 -$25K
72 IWD 0.04% 1,617 $346K $213.68 $39K +161 +11.1%
73 ACP 0.04% 60,550 $309K $5.10 $158K +33,050 +120.2%
74 ALTI 0.04% 82,581 $299K $3.62 -$62K +4,764 +6.1%
75 IWF 0.04% 700 $298K $426.40 -$82K -103 -12.8%
76 PODC 0.04% 135,238 $276K $2.04 $28K +35,000 +34.9%
77 EFC-PD 0.03% 22,298 $267K $11.98 +22,298 NEW
78 EQT 0.03% 3,939 $251K $63.64 +3,939 NEW
79 IWM 0.03% 915 $227K $247.94 +915 NEW
80 BAC 0.03% 4,149 $202K $48.75 -$26K
81 PSEC 0.02% 66,180 $176K $2.66 +66,180 NEW
82 FSK 0.02% 12,058 $129K $10.66 -$50K
83 CCAP 0.02% 10,000 $126K $12.57 -$19K
84 AINV 0.02% 11,029 $124K $11.24 -$2K
85 RC 0.01% 65,000 $106K $1.63 -$36K
86 TCPC 0.01% 21,406 $77K $3.61 -$40K
87 OPEN 0.01% 10,000 $47K $4.68 -$12K
88 VMC —% -$345K -1,208 -100.0% SOLD
89 IGSB —% -$2M -37,203 -100.0% SOLD
90 SHYG —% -$36M -847,010 -100.0% SOLD
91 PTC —% -$727K -4,173 -100.0% SOLD
92 UVXY —% -$323K -9,000 -100.0% SOLD
93 UBS —% -$10M -207,412 -100.0% SOLD
94 SLV —% -$58M -900,242 -100.0% SOLD
95 MLM —% -$379K -608 -100.0% SOLD
96 AON —% -$1M -3,877 -100.0% SOLD
97 SCHW —% -$9M -85,461 -100.0% SOLD
98 HLT —% -$872K -3,035 -100.0% SOLD

New Positions

SymbolValue% Port
SECU $41M 5.28%
SCHI $31M 3.94%
BKR $11M 1.37%
BRK-B $9M 1.22%
BKLN $8M 1.01%
BRHY $8M 1.01%
RSP $7M 0.84%
IEFA $959K 0.12%
AJG $629K 0.08%
SPGI $532K 0.07%
FRDM $472K 0.06%
EMEQ $462K 0.06%
GLD $451K 0.06%
BXSL $376K 0.05%
EFC-PD $267K 0.03%

Sold Out Positions

SymbolValue% Port
HLT —%
AON —%
SCHW —%
MLM —%
VMC —%
UBS —%
IGSB —%
UVXY —%
PTC —%
SHYG —%
SLV —%
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