Alaska Permanent Capital Management, LLC — 13F Holdings & Portfolio
CIK 1426771 · latest 13F-HR filed 2026-08-11
Alaska Permanent Capital Management, LLC manages $1.53B in 13F-reported U.S. long-equity assets across 41 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPY (20.18%), IJH (11.89%), BND (10.70%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 5 new positions and exited 3; 20 existing positions rose in reported value and 2 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-11
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 82.4%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Apr 30, 2026.
ANCHORAGE, AK 99503
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| APCM HOLDCO LLC Control | OWNER since Apr 2025 | 75% or more | Domestic Entity |
| LIERMAN, WILLIAM, JOSEPH Control | CEO; OFFICER SHAREHOLDER since Feb 2012 | Less than 5% | Individual |
| MANNIX, GAIL, CAROLYN Control | CCO since Apr 2026 | Less than 5% | Individual |
| NICLAI, BRANDY, ROMER Control | CIO; OFFICER SHAREHOLDER since Feb 2012 | Less than 5% | Individual |
| BU APCM SPE, LLC Control Indirect owner via APCM HOLDCO LLC | OWNER since Apr 2025 | 75% or more | Domestic Entity |
Ownership & leadership changes · 11 filings with changes since Mar 27, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- No longer listedROSE, EVAN, DENALI · CCO; OFFICER SHAREHOLDER · Less than 5% · control person · listed since Jun 2006
- AddedMANNIX, GAIL, CAROLYN · CCO · Less than 5% · control person
- ChangedLIERMAN, WILLIAM, JOSEPH · title OFFICER SHAREHOLDER → CEO; OFFICER SHAREHOLDER; now a control person
- ChangedNICLAI, BRANDY, ROMER · title OFFICER SHAREHOLDER → CIO; OFFICER SHAREHOLDER; now a control person
- ChangedROSE, EVAN, DENALI · title PRES/CEO/CCO → CCO; OFFICER SHAREHOLDER
- No longer listedROSE, FRANCES, HELAINE · DIRECTOR · 25–50% · listed since Jul 1992
- AddedAPCM HOLDCO LLC · OWNER · 75% or more · control person
- AddedBU APCM SPE, LLC · OWNER · 75% or more · indirect via APCM HOLDCO LLC · control person
- ChangedROSE, EVAN, DENALI · title PRES/CEO/CHAIRMAN/CCO → PRES/CEO/CCO; ownership 50–75% → Less than 5%
- No longer listedBUTLER, KIMBERLY, ELIZABETH · CCO · Less than 5% · control person · listed since Feb 2022
- ChangedROSE, EVAN, DENALI · title PRES/CEO/CHAIRMAN → PRES/CEO/CHAIRMAN/CCO
- Listed againBUTLER, KIMBERLY, ELIZABETH · CCO · Less than 5% · control person
- ChangedROSE, EVAN, DENALI · title PRES/CEO/CHAIRMAN/CCO → PRES/CEO/CHAIRMAN
- No longer listedCUDDY, JUDITH, JANE · SHAREHOLDER · Less than 5% · listed since Jul 1992
- No longer listedJAHNSEN, PETTER, SIGURD · SHAREHOLDER · Less than 5% · listed since Jul 1994
- No longer listedPANTAGES, JEFFREY, BRUCE · SHAREHOLDER · Less than 5% · listed since Jan 2005
- No longer listedBUTLER, KIMBERLY, ELIZABETH · ASSISTANT CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Nov 2020
- No longer listedFARLEY, JULEE, CHRISTINE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jun 2014
- AddedBUTLER, KIMBERLY, ELIZABETH · ASSISTANT CHIEF COMPLIANCE OFFICER · Less than 5%
- ChangedROSE, EVAN, DENALI · title PRES/CEO/CHAIRMAN → PRES/CEO/CHAIRMAN/CCO
- ChangedPANTAGES, JEFFREY, BRUCE · title DIRECTOR / CHIEF INVESTMENT OFFICER → SHAREHOLDER; no longer a control person
- No longer listedWAGNON, BERTRAM, LINTON · DIRECTOR/SVP INVESTMENTS · Less than 5% · control person · listed since Jun 1995
- AddedFARLEY, JULEE, CHRISTINE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedLIERMAN, WILLIAM, JOSEPH · no longer a control person
- ChangedNICLAI, BRANDY, ROMER · no longer a control person
- ChangedROSE, EVAN, DENALI · title PRES/CEO/CHAIRMAN/CHIEF COMPLIANCE OFFICER → PRES/CEO/CHAIRMAN
- ChangedROSE, FRANCES, HELAINE · no longer a control person
- ChangedWAGNON, BERTRAM, LINTON · title SVP INVESTMENTS/DIRECTOR → DIRECTOR/SVP INVESTMENTS
Older changes (2 more filings)
- ChangedROSE, EVAN, DENALI · title PRES/CEO/CHAIRMAN/CHIEF COMPLIANCE OFFICER/DIRECTOR → PRES/CEO/CHAIRMAN/CHIEF COMPLIANCE OFFICER; ownership 10–25% → 50–75%
- ChangedROSE, FRANCES, HELAINE · ownership 50–75% → 25–50%
- ListedCUDDY, JUDITH, JANE · SHAREHOLDER · Less than 5%
- ListedJAHNSEN, PETTER, SIGURD · SHAREHOLDER · Less than 5%
- ListedLIERMAN, WILLIAM, JOSEPH · OFFICER SHAREHOLDER · Less than 5% · control person
- ListedNICLAI, BRANDY, ROMER · OFFICER SHAREHOLDER · Less than 5% · control person
- ListedPANTAGES, JEFFREY, BRUCE · DIRECTOR / CHIEF INVESTMENT OFFICER · Less than 5% · control person
- ListedROSE, EVAN, DENALI · PRES/CEO/CHAIRMAN/CHIEF COMPLIANCE OFFICER/DIRECTOR · 10–25% · control person
- ListedROSE, FRANCES, HELAINE · DIRECTOR · 50–75% · control person
- ListedWAGNON, BERTRAM, LINTON · SVP INVESTMENTS/DIRECTOR · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- STATE STR SPDR S&P 500 ETF T$39.3M +14.6%
- ISHARES TR$22.1M +13.8%
- ISHARES TR$12.9M +14.6%
- ISHARES TR$10.5M +13.9%
- ISHARES INC$9.6M +10.1%
New Positions
- ISHARES TR$860.6K
- ISHARES TR$835.7K
- ISHARES TR$216.7K
- ISHARES TR$213.1K
- INNOVATOR ETFS TRUST$88.4K
Exited Positions
- INNOVATOR ETFS TRUST$175.1K
- INNOVATOR ETFS TRUST$172.0K
- INNOVATOR ETFS TRUST$98.2K
Alaska Permanent Capital Management, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $308.8M | 20.18% | 413,332 | SH |
| 2 | ISHARES TR | IJH | 464287507 | $182.0M | 11.89% | 2,361,487 | SH |
| 3 | VANGUARD BD INDEX FDS | BND | 921937835 | $163.8M | 10.70% | 2,232,018 | SH |
| 4 | ISHARES TR | IEFA | 46432F842 | $118.5M | 7.74% | 1,226,501 | SH |
| 5 | ISHARES INC | IEMG | 46434G103 | $104.5M | 6.83% | 1,258,604 | SH |
| 6 | ISHARES TR | IVV | 464287200 | $101.8M | 6.65% | 135,686 | SH |
| 7 | ISHARES TR | IJR | 464287804 | $86.2M | 5.63% | 581,190 | SH |
| 8 | FLEXSHARES TR | NFRA | 33939L795 | $82.8M | 5.41% | 1,293,348 | SH |
| 9 | NEW YORK LIFE INVESTMENTS ET | QAI | 45409B107 | $59.8M | 3.91% | 1,632,407 | SH |
| 10 | J P MORGAN EXCHANGE TRADED F | BBRE | 46641Q738 | $52.6M | 3.43% | 489,700 | SH |
| 11 | VANGUARD CHARLOTTE FDS | BNDX | 92203J407 | $49.9M | 3.26% | 1,030,814 | SH |
| 12 | ABRDN ETFS | BCD | 003261203 | $44.0M | 2.88% | 1,290,448 | SH |
| 13 | ISHARES TR | ITOT | 464287150 | $36.7M | 2.40% | 223,048 | SH |
| 14 | ISHARES TR | GVI | 464288612 | $29.0M | 1.90% | 273,625 | SH |
| 15 | VANGUARD MALVERN FDS | VTIP | 922020805 | $26.2M | 1.71% | 521,491 | SH |
| 16 | SPDR SERIES TRUST | SPHY | 78468R606 | $20.7M | 1.35% | 885,285 | SH |
| 17 | VANGUARD BD INDEX FDS | BSV | 921937827 | $15.0M | 0.98% | 192,591 | SH |
| 18 | FIRST TR EXCHANGE-TRADED FD | GRID | 33737A108 | $8.9M | 0.58% | 46,566 | SH |
| 19 | ISHARES TR | SOXX | 464287523 | $8.8M | 0.58% | 13,740 | SH |
| 20 | J P MORGAN EXCHANGE TRADED F | HELO | 46654Q724 | $8.7M | 0.57% | 128,528 | SH |
| 21 | FIRST TR EXCHANGE TRADED FD | FTXL | 33738R811 | $8.5M | 0.56% | 29,839 | SH |
| 22 | GLOBAL X FDS | PAVE | 37954Y673 | $4.4M | 0.28% | 73,952 | SH |
| 23 | SPDR SERIES TRUST | SHM | 78468R739 | $2.3M | 0.15% | 48,194 | SH |
| 24 | J P MORGAN EXCHANGE TRADED F | BBCA | 46641Q225 | $1.8M | 0.12% | 18,126 | SH |
| 25 | ISHARES TR | IEI | 464288661 | $860.6K | 0.06% | 7,328 | SH |
| 26 | ISHARES TR | SHV | 464288679 | $835.7K | 0.05% | 7,574 | SH |
| 27 | NVIDIA CORPORATION | NVDA | 67066G104 | $400.2K | 0.03% | 2,000 | SH |
| 28 | INVESCO EXCH TRD SLF IDX FD | BSJW | 46139W775 | $258.2K | 0.02% | 10,237 | SH |
| 29 | J P MORGAN EXCHANGE TRADED F | HOLA | 46654Q591 | $253.8K | 0.02% | 4,584 | SH |
| 30 | ISHARES TR | IBHF | 46436E528 | $243.7K | 0.02% | 10,756 | SH |
| 31 | ISHARES TR | SGOV | 46436E718 | $216.7K | 0.01% | 2,152 | SH |
| 32 | ISHARES TR | STIP | 46429B747 | $213.1K | 0.01% | 2,088 | SH |
| 33 | INVESCO EXCH TRD SLF IDX FD | BSJU | 46139W841 | $212.1K | 0.01% | 8,229 | SH |
| 34 | ISHARES TR | IGSB | 464288646 | $196.5K | 0.01% | 3,750 | SH |
| 35 | INVESCO EXCH TRD SLF IDX FD | BSJV | 46139W817 | $196.2K | 0.01% | 7,504 | SH |
| 36 | INNOVATOR ETFS TRUST | IDEC | 45783Y426 | $185.9K | 0.01% | 5,418 | SH |
| 37 | INNOVATOR ETFS TRUST | BALT | 45783Y855 | $178.0K | 0.01% | 5,198 | SH |
| 38 | ISHARES TR | IBHI | 46436E379 | $162.2K | 0.01% | 6,956 | SH |
| 39 | INVESCO EXCH TRD SLF IDX FD | BSJS | 46138J452 | $160.4K | 0.01% | 7,373 | SH |
| 40 | INVESCO EXCH TRD SLF IDX FD | BSJR | 46138J585 | $122.7K | 0.01% | 5,490 | SH |
| 41 | INNOVATOR ETFS TRUST | EBUF | 45783Y210 | $88.4K | 0.01% | 2,781 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-11 | $1.53B | 41 | 0001398344-26-014080 |
| 2026-03-31 | 2026-04-24 | $1.43B | 39 | 0001398344-26-007165 |
| 2025-12-31 | 2026-02-13 | $1.32B | 41 | 0001398344-26-003005 |
ANCHORAGE, AK 99503