13F-HR filed by Permanent Capital Management, LP
Permanent Capital Management, LP filed this 13F-HR for the quarter ended 2025-12-31, filed 2026-01-07, with 157 holding rows worth $513,289,680.
- Accession
- 0001951757-26-000033
- Filer
- CIK 2054108
- Filed
- 2026-01-07
- Accepted by EDGAR
- acceptance time not in the bulk data set
- Ingested
- Source
- SEC quarterly data set
13F report for Q4 2025
A holdings report, 157 entries on the cover page, a total value of $513,289,680 stated on the cover page (in dollars after the unit check, H1), rows summing to $513,289,680 with VALUE read as dollars as filed, 13F file number 028-24804. The quarter's positions are built on this report. The resolved quarter.
The information table after summing rows of one CUSIP and put or call (H4), with the CUSIP and issuer name as filed. Values in dollars after the unit check (method).
| Issuer as filed | CUSIP | Class | Amount | Value | Value read as | Type |
|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 922908363 | COM | 245,519 | $153,972,519 | dollars as filed | |
| INVESCO EXCHANGE-TRADED FD TR S&P 500 EQUAL WEIGHT ETF | 46137V357 | COM | 218,091 | $41,777,572 | dollars as filed | |
| Vanguard FTSE Developed Markets ETF | 921943858 | SHS | 667,846 | $41,720,353 | dollars as filed | |
| Vanguard Intermediate-Term Treasury ETF | 92206C706 | SHS | 590,480 | $35,387,465 | dollars as filed | |
| Microsoft Corp | 594918104 | COM | 72,189 | $34,911,861 | dollars as filed | |
| WISDOMTREE TR | 97717Y527 | FLOATNG RAT TREA | 348,134 | $17,518,109 | dollars as filed | |
| VWO | 922042858 | SHS | 292,437 | $15,721,422 | dollars as filed | |
| iShares Core US Aggregate Bond ETF | 464287226 | SHS | 138,582 | $13,841,532 | dollars as filed | |
| VTI | 922908769 | COM | 23,727 | $7,954,951 | dollars as filed | |
| ISHARES TR | 464288257 | MSCI ACWI ETF | 54,862 | $7,762,424 | dollars as filed | |
| SPDR Portfolio Long Term Treasury ETF | 78464A664 | SHS | 279,198 | $7,390,381 | dollars as filed | |
| Vanguard Small-Cap ETF | 922908751 | SHS | 26,423 | $6,815,920 | dollars as filed | |
| AURORA INNOVATION INC CLASS A COM | 051774107 | Stock | 1,340,223 | $5,146,456 | dollars as filed | |
| NVIDIA Corp | 67066G104 | COM | 22,789 | $4,250,148 | dollars as filed | |
| ISHARESRUSSELL1000GROWTHETF | 464287614 | STOK | 8,762 | $4,146,993 | dollars as filed | |
| SPDR GOLD TR | 78463V107 | GOLD SHS | 9,803 | $3,885,027 | dollars as filed | |
| Apple Inc | 037833100 | COM | 14,080 | $3,827,789 | dollars as filed | |
| CAPITAL ONE FINL CORP | 14040H105 | COM | 13,719 | $3,324,937 | dollars as filed | |
| Amazon.com, Inc | 023135106 | COM | 13,942 | $3,218,092 | dollars as filed | |
| Caterpillar Inc. | 149123101 | COM | 5,586 | $3,200,052 | dollars as filed | |
| UBS GROUP AG SHS | H42097107 | Stock | 67,470 | $3,124,536 | dollars as filed | |
| Alphabet Inc. Reg. Shares A | 02079K305 | COM | 9,931 | $3,108,403 | dollars as filed | |
| SPY | 78462F103 | SHS | 4,185 | $2,862,177 | dollars as filed | |
| CADIZ INC | 127537207 | COM NEW | 496,519 | $2,785,472 | dollars as filed | |
| EXPAND ENERGY CORPORATION COM | 165167735 | Stock | 23,845 | $2,631,534 | dollars as filed | |
| Union Pacific Corporation | 907818108 | COM | 10,611 | $2,454,537 | dollars as filed | |
| BANK OF NY MELLON CORP COM | 064058100 | Stock | 20,773 | $2,411,538 | dollars as filed | |
| GOLAR LNG LTD | G9456A100 | SHS | 59,183 | $2,202,199 | dollars as filed | |
| O-I GLASS INC | 67098H104 | COM | 141,546 | $2,089,219 | dollars as filed | |
| Vanguard Total World Stock ETF | 922042742 | SHS | 14,345 | $2,023,506 | dollars as filed | |
| Alphabet Inc. Reg. Shares C | 02079K107 | COM | 6,010 | $1,885,938 | dollars as filed | |
| PEOPLE INC | 44891N208 | COM NEW | 42,322 | $1,654,790 | dollars as filed | |
| LOEWS CORP COM | 540424108 | Stock | 15,455 | $1,627,566 | dollars as filed | |
| PG&E CORP COM | 69331C108 | Stock | 100,029 | $1,612,467 | dollars as filed | |
| Boeing Company | 097023105 | COM | 7,152 | $1,552,842 | dollars as filed | |
| TECK RESOURCES LTD CL B | 878742204 | Stock | 32,270 | $1,545,410 | dollars as filed | |
| ACACIA RESEARCH CORP | 003881307 | COMMON STOCK | 405,345 | $1,515,990 | dollars as filed | |
| META PLATFORMS INC CL A | 30303M102 | COM | 2,169 | $1,431,735 | dollars as filed | |
| INVESCO QQQ TR | 46090E103 | COM | 2,173 | $1,334,896 | dollars as filed | |
| AXIS CAP HLDGS LTD SHS | G0692U109 | Stock | 12,355 | $1,328,533 | dollars as filed | |
| iShares Russell 2000 ETF | 464287655 | SHS | 5,308 | $1,306,617 | dollars as filed | |
| GENERAL MTRS CO COM | 37045V100 | Stock | 15,091 | $1,227,200 | dollars as filed | |
| Broadcom Inc. | 11135F101 | COM | 3,493 | $1,208,927 | dollars as filed | |
| Walmart Inc. | 931142103 | COM | 10,808 | $1,206,659 | dollars as filed | |
| Citigroup Inc. | 172967424 | COM | 10,148 | $1,184,170 | dollars as filed | |
| JBS N.V. | N4732M103 | CL A SHS | 81,797 | $1,179,513 | dollars as filed | |
| Johnson & Johnson | 478160104 | COM | 5,664 | $1,172,165 | dollars as filed | |
| UNILEVER PLC SPON ADR NEW | 904767803 | ADR | 17,621 | $1,152,413 | dollars as filed | |
| AMERICAN INTL GROUP INC COM NEW | 026874784 | Stock | 12,844 | $1,098,804 | dollars as filed | |
| Progressive Corporation | 743315103 | COM | 4,737 | $1,078,710 | dollars as filed | |
| JPMorgan Chase & Co | 46625H100 | COM | 3,327 | $1,072,026 | dollars as filed | |
| MARINEMAX INC | 567908108 | COM | 42,302 | $1,024,977 | dollars as filed | |
| EXXON MOBIL CORP | 30231G102 | COM | 8,263 | $994,369 | dollars as filed | |
| BP PLC SPONSORED ADR | 055622104 | ADR | 27,993 | $972,209 | dollars as filed | |
| LIFE360 INC | 532206109 | COM | 14,328 | $918,998 | dollars as filed | |
| BECTON DICKINSON & CO | 075887109 | COM | 4,684 | $909,024 | dollars as filed | |
| S&P Global,Inc. | 78409V104 | COM | 1,667 | $871,158 | dollars as filed | |
| Visa Inc | 92826C839 | COM | 2,479 | $869,410 | dollars as filed | |
| Coca-Cola Company | 191216100 | COM | 12,069 | $843,744 | dollars as filed | |
| KIMBERLY-CLARK CORP COM | 494368103 | Stock | 8,187 | $837,247 | dollars as filed | |
| BWX TECHNOLOGIES INC | 05605H100 | COM | 4,838 | $836,200 | dollars as filed | |
| NORTHERN TR CORP COM | 665859104 | Stock | 5,998 | $824,065 | dollars as filed | |
| AbbVie,Inc. | 00287Y109 | COM | 3,551 | $811,368 | dollars as filed | |
| MGM RESORTS INTERNATIONAL | 552953101 | COM | 21,288 | $776,799 | dollars as filed | |
| Costco Wholesale Corporation | 22160K105 | COM | 879 | $757,997 | dollars as filed | |
| INVESCO EXCH TRADED FD TR II | 46138E628 | KBW BK ETF | 8,670 | $730,794 | dollars as filed | |
| NEWS CORP NEW CL A | 65249B109 | Stock | 26,361 | $688,549 | dollars as filed | |
| Vanguard Short-Term Treasury ETF | 92206C102 | SHS | 11,691 | $686,613 | dollars as filed | |
| Deere & Company | 244199105 | COM | 1,467 | $685,368 | dollars as filed | |
| BRUNSWICK CORP | 117043109 | COM | 9,230 | $685,235 | dollars as filed | |
| SELECT MED HLDGS CORP | 81619Q105 | COM | 45,000 | $668,250 | dollars as filed | |
| Bank of America Corp | 060505104 | COM | 11,645 | $640,475 | dollars as filed | |
| SL GREEN RLTY CORP COM | 78440X887 | REIT | 13,628 | $625,116 | dollars as filed | |
| ALASKA AIR GROUP INC COM | 011659109 | Stock | 12,394 | $623,418 | dollars as filed | |
| NextEra Energy,Inc. | 65339F101 | COM | 7,708 | $618,798 | dollars as filed | |
| Verizon Communications Inc | 92343V104 | COM | 15,164 | $617,630 | dollars as filed | |
| ARS PHARMACEUTICALS INC | 82835W108 | COM | 52,306 | $609,365 | dollars as filed | |
| Marsh & McLennan Companies,Inc. | 571748102 | COM | 3,236 | $600,343 | dollars as filed | |
| International Business Machines Corporation | 459200101 | COM | 2,015 | $596,863 | dollars as filed | |
| FIRST WESTERN FINANCIAL INC | 33751L105 | COMMON STOCK | 21,000 | $563,010 | dollars as filed | |
| HUT 8 CORP | 44812J104 | COM | 12,000 | $551,280 | dollars as filed | |
| REDDIT INC CL A | 75734B100 | Stock | 2,390 | $549,389 | dollars as filed | |
| BLUE OWL CAPITAL INC COM CL A | 09581B103 | Stock | 35,518 | $530,639 | dollars as filed | |
| SPROTT PHYSICAL SILVER TR | 85207K107 | TR UNIT | 21,920 | $518,408 | dollars as filed | |
| Applied Materials,Inc. | 038222105 | COM | 1,791 | $460,269 | dollars as filed | |
| McDonalds Corporation | 580135101 | COM | 1,504 | $459,758 | dollars as filed | |
| Boston Scientific Corporation | 101137107 | COM | 4,608 | $439,373 | dollars as filed | |
| ISHARES TR | 464288125 | 3YRTB ETF | 5,749 | $432,583 | dollars as filed | |
| ISHARES TR | 464287465 | MSCI EAFE ETF | 4,425 | $424,933 | dollars as filed | |
| Intercontinental Exchange,Inc. | 45866F104 | COM | 2,594 | $420,124 | dollars as filed | |
| AURA BIOSCIENCES INC | 05153U107 | COMMON STOCK | 75,864 | $413,459 | dollars as filed | |
| TAKE-TWO INTERACTIVE SOFTWARE COM | 874054109 | Stock | 1,596 | $408,624 | dollars as filed | |
| Fidelity High Dividend ETF | 316092840 | SHS | 7,097 | $402,329 | dollars as filed | |
| CROWN HLDGS INC COM | 228368106 | Stock | 3,807 | $392,007 | dollars as filed | |
| APOLLO GLOBAL MGMT INC COM | 03769M106 | Stock | 2,654 | $384,193 | dollars as filed | |
| SPOTIFYTECHNOLOGYSAF | L8681T102 | STOK | 649 | $376,881 | dollars as filed | |
| FIDELITY MERRIMACK STR TR | 316188309 | TOTAL BD ETF | 7,942 | $367,770 | dollars as filed | |
| Intuitive Surgical,Inc. | 46120E602 | COM | 623 | $352,842 | dollars as filed | |
| BARRICK MNG CORP | 06849F108 | COM SHS | 8,025 | $349,489 | dollars as filed | |
| Cannae Holdings, Inc. | 13765N107 | Common Stock, $0.0001 par value | 22,000 | $346,060 | dollars as filed | |
| CRH PLC ORD | G25508105 | Stock | 2,725 | $340,080 | dollars as filed | |
| BROOKFIELD CORP CL A LTD VT SH | 11271J107 | Stock | 7,377 | $338,531 | dollars as filed | |
| TRANSUNION COM | 89400J107 | Stock | 3,946 | $338,370 | dollars as filed | |
| Tesla Motors, Inc | 88160R101 | COM | 747 | $335,941 | dollars as filed | |
| iShares S&P 500 Value ETF | 464287408 | SHS | 1,568 | $332,526 | dollars as filed | |
| UnitedHealth Group Inc | 91324P102 | COM | 989 | $326,479 | dollars as filed | |
| MCKESSON CORP COM | 58155Q103 | Stock | 397 | $326,068 | dollars as filed | |
| HOWMET AEROSPACE INC COM | 443201108 | Stock | 1,477 | $302,815 | dollars as filed | |
| AMEREN CORP COM | 023608102 | Stock | 2,919 | $291,491 | dollars as filed | |
| ConocoPhillips | 20825C104 | COM | 3,072 | $287,570 | dollars as filed | |
| IShares Bitcoin Trust Registered | 46438F101 | SHS | 5,767 | $286,332 | dollars as filed | |
| VANECK ETF TRUST | 92189F791 | JUNIOR GOLD MINE | 2,509 | $285,474 | dollars as filed | |
| Thermo Fisher Scientific Inc. | 883556102 | COM | 482 | $279,502 | dollars as filed | |
| CENCORA INC COM | 03073E105 | Stock | 818 | $276,280 | dollars as filed | |
| ISHARES MSCI USA QUALITY FACTOR ETF | 46432F339 | ETF | 1,371 | $272,308 | dollars as filed | |
| ServiceNow,Inc. | 81762P102 | COM | 1,755 | $268,848 | dollars as filed | |
| Danaher Corporation | 235851102 | COM | 1,149 | $263,397 | dollars as filed | |
| KRANESHARES CALIFORNIA CARBON ALLOWANCE ETF | 500767553 | ETF | 15,540 | $261,227 | dollars as filed | |
| CNX RES CORP COM | 12653C108 | Stock | 7,077 | $260,221 | dollars as filed | |
| HILTON WORLDWIDE HLDGS INC COM | 43300A203 | Stock | 893 | $256,514 | dollars as filed | |
| CORNING INC | 219350105 | COM | 2,925 | $256,113 | dollars as filed | |
| NORTHROP GRUMMAN CORP COM | 666807102 | Stock | 446 | $254,314 | dollars as filed | |
| BGC GROUP INC CL A | 088929104 | Stock | 28,378 | $253,416 | dollars as filed | |
| TAIWAN SEMICONDUCTOR MFG | 874039100 | SPONSORED ADS | 825 | $251,367 | dollars as filed | |
| MSCI INC COM | 55354G100 | Stock | 429 | $246,130 | dollars as filed | |
| ARAMARK COM | 03852U106 | Stock | 6,655 | $245,303 | dollars as filed | |
| GARTNERINC | 366651107 | STOK | 955 | $240,927 | dollars as filed | |
| SUBURBAN PROPANE PARTNERS L.P. | 864482104 | COM | 12,614 | $233,864 | dollars as filed | |
| DIGITAL RLTY TR INC COM | 253868103 | REIT | 1,470 | $229,217 | dollars as filed | |
| HALLADOR ENERGY COMPANY | 40609P105 | COM | 11,777 | $224,234 | dollars as filed | |
| SHERWIN WILLIAMS CO | 824348106 | COM | 691 | $223,905 | dollars as filed | |
| CARDINAL HEALTH INC | 14149Y108 | COM | 1,065 | $218,858 | dollars as filed | |
| NUCOR CORP COM | 670346105 | Stock | 1,321 | $216,208 | dollars as filed | |
| Vanguard Value ETF | 922908744 | SHS | 1,125 | $214,864 | dollars as filed | |
| ALIGHT INC | 01626W101 | COM CL A | 110,000 | $214,500 | dollars as filed | |
| Berkshire Hathaway Inc | 084670702 | COM | 423 | $212,621 | dollars as filed | |
| ATLANTA BRAVES HLDGS INC | 047726104 | COM SER A | 5,000 | $212,450 | dollars as filed | |
| ISHARES TR | 46429B598 | MSCI INDIA ETF | 3,915 | $211,606 | dollars as filed | |
| DIAGEO PLC SPON ADR NEW | 25243Q205 | ADR | 2,436 | $210,154 | dollars as filed | |
| DIMENSIONAL ETF TRUST | 25434V708 | US CORE EQUITY 2 | 5,250 | $207,848 | dollars as filed | |
| FORTINET INC COM | 34959E109 | Stock | 2,594 | $205,990 | dollars as filed | |
| REPUBLIC SVCS INC COM | 760759100 | Stock | 956 | $202,605 | dollars as filed | |
| AES CORP COM | 00130H105 | Stock | 12,699 | $182,104 | dollars as filed | |
| PROCAP ACQUISITION CORP | G7257A113 | UNIT 05/16/2030 | 14,038 | $143,749 | dollars as filed | |
| BLACKROCK MUNIHOLDINGS FD IN | 09253N104 | COM | 12,038 | $141,330 | dollars as filed | |
| WESTERN ASSET MANAGED MUNS F | 95766M105 | COM | 13,513 | $141,071 | dollars as filed | |
| BLACKROCK MUNIHLDNGS CALI | 09254L107 | COM | 13,206 | $139,984 | dollars as filed | |
| GOLUB CAP BDC INC | 38173M102 | COM | 10,300 | $139,771 | dollars as filed | |
| BLACKROCK MUNIHLDGS NJ QLTY | 09254X101 | COM | 11,741 | $139,721 | dollars as filed | |
| NUVEEN NEW YORK AMT QLT MUNI | 670656107 | COM | 13,836 | $139,608 | dollars as filed | |
| BLACKROCK MUNIYIELD QUALITY | 09254E103 | COM | 12,842 | $139,593 | dollars as filed | |
| BLACKROCK MUNIYIELD QUALITY FU | 09254F100 | COM | 12,343 | $139,479 | dollars as filed | |
| TABOOLA.COM LTD | M8744T106 | ORD SHS | 30,000 | $138,300 | dollars as filed | |
| PIMCO MUN INCOME FD II | 72200W106 | COM | 18,185 | $137,836 | dollars as filed | |
| RIDGEPOST CAP INC CL A COM | 69376K106 | Stock | 13,551 | $132,932 | dollars as filed | |
| AGNC INVT CORP COM | 00123Q104 | REIT | 10,800 | $117,072 | dollars as filed | |
| BLACKROCK MUNIVEST FUND | 09253R105 | COM | 12,751 | $88,365 | dollars as filed |
Amendment chain
| Filing | Role | Filed | Accepted | Ingested |
|---|---|---|---|---|
| 13F-HR 0001951757-26-000033 | this filing | 2026-01-07 | acceptance time not in the bulk data set |