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Asset Manager ← All Institutions

Permanent Capital Management, LP

Q4 2025 · Filed 2026-01-07
Market Value
$511M
Holdings
171
+93
New Purchases
22
Added To
59
Closed
17
Reduced
53
Top 10 Concentration
72.6%
Turnover
22.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VOO 30.15% 0.00% +30.15% $154M
RSP 8.18% 0.00% +8.18% $42M
VEA 8.17% 0.00% +8.17% $42M
VGIT 6.93% 0.00% +6.93% $35M
MSFT 6.84% 0.00% +6.84% $35M
USFR 3.43% 0.00% +3.43% $18M
VWO 3.08% 0.00% +3.08% $16M
AGG 2.71% 0.00% +2.71% $14M
VTI 1.56% 0.00% +1.56% $8M
ACWI 1.52% 0.00% +1.52% $8M
SPTL 1.45% 0.00% +1.45% $7M
VB 1.33% 0.00% +1.33% $7M
AUR 1.01% 0.00% +1.01% $5M
NVDA 0.83% 0.00% +0.83% $4M
IWF 0.81% 0.00% +0.81% $4M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 34 $278M 54.4%
Large Cap 85 $209M 40.9%
Mid Cap 22 $12M 2.3%
Small Cap 27 $11M 2.2%
Micro Cap 3 $968K 0.2%

Portfolio Analytics

Avg Market Cap
$299.2B
Median Market Cap
$48.6B
Avg P/E
34.6
Median P/E
26.7
Avg Dividend Yield
0.02%
Avg Beta
0.93
# Stocks
125
# ETFs / Funds
46

Top Holdings (171 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VOO 30.15% 245,519 $154M $627.13 $5M +2,176 +0.9%
2 RSP 8.18% 218,091 $42M $191.56 $667K +1,380 +0.6%
3 VEA 8.17% 667,846 $42M $62.47 $2M +11,168 +1.7%
4 VGIT 6.93% 590,480 $35M $59.93 -$7M -110,355 -15.8%
5 MSFT 6.84% 72,189 $35M $483.62 -$3M -227 -0.3%
6 USFR 3.43% 348,134 $18M $50.32 -$4M -70,378 -16.8%
7 VWO 3.08% 292,437 $16M $53.76 $187K +5,722 +2.0%
8 AGG 2.71% 138,582 $14M $99.88 $178K +2,285 +1.7%
9 VTI 1.56% 23,727 $8M $335.27 -$275K -1,283 -5.1%
10 ACWI 1.52% 54,862 $8M $141.49 $178K
11 SPTL 1.45% 279,198 $7M $26.47 $123K +9,545 +3.5%
12 VB 1.33% 26,423 $7M $257.95 -$10M -38,870 -59.5%
13 AUR 1.01% 1,340,223 $5M $3.84 -$8M -1,154,317 -46.3%
14 NVDA 0.83% 22,789 $4M $186.50 $251K +1,354 +6.3%
15 IWF 0.81% 8,762 $4M $473.29 $47K +9 +0.1%
16 GLD 0.76% 9,803 $4M $396.31 $319K -229 -2.3%
17 AAPL 0.75% 14,080 $4M $271.86 $279K +141 +1.0%
18 COF 0.65% 13,719 $3M $242.36 $570K +759 +5.9%
19 AMZN 0.63% 13,942 $3M $230.82 $274K +532 +4.0%
20 CAT 0.63% 5,586 $3M $572.87 $638K +217 +4.0%
21 UBS 0.61% 67,470 $3M $46.31 $282K -1,857 -2.7%
22 GOOGL 0.61% 9,931 $3M $313.00 $690K -17 -0.2%
23 SPY 0.56% 4,185 $3M $683.91 -$800K -1,297 -23.7%
24 CDZI 0.55% 496,519 $3M $5.61 $442K
25 EXE 0.52% 23,845 $3M $110.36 $62K -339 -1.4%
26 UNP 0.48% 10,611 $2M $231.32 $70K +521 +5.2%
27 BK 0.47% 20,773 $2M $116.09 $150K +13 +0.1%
28 GLNG 0.43% 59,183 $2M $37.21 $89K +6,880 +13.2%
29 OI 0.41% 141,546 $2M $14.76 -$81K -25,749 -15.4%
30 VT 0.40% 14,345 $2M $141.06 $47K
31 GOOG 0.37% 6,010 $2M $313.80 $328K -387 -6.0%
32 IAC 0.32% 42,322 $2M $39.10 -$77K -8,505 -16.7%
33 L 0.32% 15,455 $2M $105.31 $77K +10 +0.1%
34 PCG 0.32% 100,029 $2M $16.12 $102K +56 +0.1%
35 BA 0.30% 7,152 $2M $217.12 +7,152 NEW
36 TECK 0.30% 32,270 $2M $47.89 $129K
37 ACTG 0.30% 405,345 $2M $3.74 $199K
38 META 0.28% 2,169 $1M $660.09 -$205K -60 -2.7%
39 QQQ 0.26% 2,173 $1M $614.31 $83K +90 +4.3%
40 AXS 0.26% 12,355 $1M $107.53 $139K
41 IWM 0.26% 5,308 $1M $246.16 $159K +564 +11.9%
42 GM 0.24% 15,091 $1M $81.32 $126K -2,976 -16.5%
43 AVGO 0.24% 3,493 $1M $346.10 $73K +50 +1.4%
44 WMT 0.24% 10,808 $1M $111.64 $104K +108 +1.0%
45 C 0.23% 10,148 $1M $116.69 -$54K -2,053 -16.8%
46 JNJ 0.23% 5,664 $1M $206.95 $97K -132 -2.3%
47 AIG 0.22% 12,844 $1M $85.55 $91K +18 +0.1%
48 PGR 0.21% 4,737 $1M $227.72 +4,737 NEW
49 JPM 0.21% 3,327 $1M $322.22 -$98K -383 -10.3%
50 HZO 0.20% 42,302 $1M $24.23 -$47K
51 XOM 0.19% 8,263 $994K $120.34 $74K +103 +1.3%
52 BP 0.19% 27,993 $972K $34.73 -$251K -7,497 -21.1%
53 LIF 0.18% 14,328 $919K $64.14 -$1M -7,211 -33.5%
54 BDX 0.18% 4,684 $909K $194.07 +4,684 NEW
55 SPGI 0.17% 1,667 $871K $522.59 $45K -31 -1.8%
56 V 0.17% 2,479 $869K $350.71 -$7K -89 -3.5%
57 KO 0.17% 12,069 $844K $69.91 $32K -71 -0.6%
58 KMB 0.16% 8,187 $837K $102.27 $460K +5,186 +172.8%
59 BWXT 0.16% 4,838 $836K $172.84 -$325K -1,462 -23.2%
60 NTRS 0.16% 5,998 $824K $137.39 $13K +8 +0.1%
61 ABBV 0.16% 3,551 $811K $228.49 $92K +442 +14.2%
62 MGM 0.15% 21,288 $777K $36.49 $39K -2 -0.0%
63 COST 0.15% 879 $758K $862.34 -$116K -65 -6.9%
64 KBWB 0.14% 8,670 $731K $84.29 $31K -279 -3.1%
65 NWSA 0.13% 26,361 $689K $26.12 -$124K
66 VGSH 0.13% 11,691 $687K $58.73 $7K +149 +1.3%
67 DE 0.13% 1,467 $685K $467.19 $15K +6 +0.4%
68 BC 0.13% 9,230 $685K $74.24 -$25K -2,000 -17.8%
69 SEM 0.13% 45,000 $668K $14.85 +45,000 NEW
70 BAC 0.13% 11,645 $640K $55.00 -$8K -930 -7.4%
71 SLG 0.12% 13,628 $625K $45.87 +13,628 NEW
72 ALK 0.12% 12,394 $623K $50.30 $6K -1 -0.0%
73 NEE 0.12% 7,708 $619K $80.28 $82K +596 +8.4%
74 VZ 0.12% 15,164 $618K $40.73 -$73K -551 -3.5%
75 SPRY 0.12% 52,306 $609K $11.65 $73K -1,035 -1.9%
76 MMC 0.12% 3,236 $600K $185.52 -$49K +16 +0.5%
77 IBM 0.12% 2,015 $597K $296.21 -$13K -146 -6.8%
78 MYFW 0.11% 21,000 $563K $26.81 +21,000 NEW
79 HUT.TO 0.11% 12,000 $551K $45.94 +12,000 NEW
80 RDDT 0.11% 2,390 $549K $229.87 $32K +140 +6.2%
81 OWL 0.10% 35,518 $531K $14.94 $105K +10,372 +41.2%
82 PSLV 0.10% 21,920 $518K $23.65 +21,920 NEW
83 AMAT 0.09% 1,791 $460K $256.99 $73K -99 -5.2%
84 MCD 0.09% 1,504 $460K $305.69 $39K +120 +8.7%
85 BSX 0.09% 4,608 $439K $95.35 $104K +1,177 +34.3%
86 ISHG 0.08% 5,749 $433K $75.24 -$51K -602 -9.5%
87 EFA 0.08% 4,425 $425K $96.03 -$87 -127 -2.8%
88 ICE 0.08% 2,594 $420K $161.96 -$14K +16 +0.6%
89 AURA 0.08% 75,864 $413K $5.45 -$500K -71,905 -48.7%
90 TTWO 0.08% 1,596 $409K $256.03 $145K +577 +56.6%
91 FDVV 0.08% 7,097 $402K $56.69 $7K
92 CCK 0.08% 3,807 $392K $102.97 $24K
93 APO 0.08% 2,654 $384K $144.76 -$80K -830 -23.8%
94 SPOT 0.07% 649 $377K $580.71 -$24K +75 +13.1%
95 FBND 0.07% 7,942 $368K $46.31 -$802
96 ISRG 0.07% 623 $353K $566.36 $78K +9 +1.5%
97 B 0.07% 8,025 $349K $43.55 $87K
98 CNNE 0.07% 22,000 $346K $15.73 -$551K -27,000 -55.1%
99 CRH.L 0.07% 2,725 $340K $124.80 $69K +467 +20.7%
100 BN 0.07% 7,377 $339K $45.89 $1K +2,458 +50.0%

New Positions

SymbolValue% Port
BA $2M 0.30%
PGR $1M 0.21%
BDX $909K 0.18%
SEM $668K 0.13%
SLG $625K 0.12%
MYFW $563K 0.11%
HUT.TO $551K 0.11%
PSLV $518K 0.10%
GDXJ $285K 0.06%
TSM $251K 0.05%
CAH $219K 0.04%
NUE $216K 0.04%
BRK-B $213K 0.04%
INDA $212K 0.04%
RSG $203K 0.04%

Sold Out Positions

SymbolValue% Port
CI —%
NEA —%
PCQ —%
MSI —%
MTN —%
VKQ —%
UL —%
NAD —%
CVX —%
ETN —%
NZF —%
SUI —%
VGM —%
VMO —%
MBLY —%
View SEC EDGAR Filings for Permanent Capital Management, LP →

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