Permanent Capital Management, LP — 13F Holdings & Portfolio
CIK 2054108 · latest 13F-HR filed 2026-05-14
Permanent Capital Management, LP manages $643.0M in 13F-reported U.S. long-equity assets across 155 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are VOO (25.34%), VT (15.13%), AGG (9.98%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 26 new positions, exited 28, added to 55, and trimmed 50.
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.
$643.0M
Long-equity book
155
Distinct positions
2026-03-31
Filed 2026-05-14
+26 / −28 / ↑55 / ↓50
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- VANGUARD INTL EQUITY INDEX F$95.3M +4707.6%
- ISHARES TR$50.3M +363.5%
- VANGUARD INDEX FDS$8.9M +5.8%
- VANGUARD TAX-MANAGED FDS$4.3M +10.3%
- AURORA INNOVATION INC$2.7M +53.1%
Top Trims
- INVESCO EXCHANGE TRADED FD T-$18.9M -45.2%
- MICROSOFT CORP-$5.3M -15.1%
- WISDOMTREE TR-$3.7M -21.0%
- VANGUARD INDEX FDS-$2.9M -42.0%
- CAPITAL ONE FINL CORP-$2.0M -60.5%
New Positions
- PROLOGIS INC.$836.8K
- QUEST DIAGNOSTICS INC$766.3K
- VANGUARD STAR FDS$665.5K
- PRIMO BRANDS CORPORATION$625.2K
- ELI LILLY & CO$507.5K
Exited Positions
- VANGUARD SCOTTSDALE FDS$686.6K
- SELECT MED HLDGS CORP$668.2K
- FIRST WESTN FINL INC$563.0K
- HUT 8 CORP$551.3K
- BLUE OWL CAPITAL INC$530.6K
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 | VANGUARD INDEX FDS | VOO | 922908363 | $162.9M | 25.34% | 246,616 | SH |
| 2 | VANGUARD INTL EQUITY INDEX F | VT | 922042742 | $97.3M | 15.13% | 643,393 | SH |
| 3 | ISHARES TR | AGG | 464287226 | $64.2M | 9.98% | 647,425 | SH |
| 4 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $46.0M | 7.15% | 668,654 | SH |
| 5 | VANGUARD SCOTTSDALE FDS | VGIT | 92206C706 | $35.3M | 5.49% | 595,838 | SH |
| 6 | MICROSOFT CORP | MSFT | 594918104 | $29.6M | 4.61% | 72,667 | SH |
| 7 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $22.9M | 3.56% | 112,478 | SH |
| 8 | VANGUARD INTL EQUITY INDEX F | VWO | 922042858 | $17.2M | 2.68% | 292,320 | SH |
| 9 | WISDOMTREE TR | USFR | 97717Y527 | $13.8M | 2.15% | 274,856 | SH |
| 10 | ISHARES TR | ACWI | 464288257 | $8.3M | 1.29% | 54,862 | SH |
| 11 | AURORA INNOVATION INC | AUR | 051774107 | $7.9M | 1.23% | 1,340,223 | SH |
| 12 | VANGUARD INDEX FDS | VTI | 922908769 | $7.7M | 1.19% | 21,645 | SH |
| 13 | SPDR SERIES TRUST | SPTL | 78464A664 | $7.3M | 1.14% | 281,994 | SH |
| 14 | CATERPILLAR INC | CAT | 149123101 | $5.0M | 0.78% | 5,617 | SH |
| 15 | NVIDIA CORPORATION | NVDA | 67066G104 | $4.6M | 0.71% | 23,034 | SH |
| 16 | AMAZON COM INC | AMZN | 023135106 | $4.4M | 0.69% | 16,672 | SH |
| 17 | ISHARES TR | IWF | 464287614 | $4.2M | 0.65% | 35,079 | SH |
| 18 | VANGUARD INDEX FDS | VB | 922908751 | $4.0M | 0.61% | 13,892 | SH |
| 19 | APPLE INC | AAPL | 037833100 | $3.9M | 0.61% | 14,471 | SH |
| 20 | ALPHABET INC | GOOGL | 02079K305 | $3.9M | 0.61% | 10,148 | SH |
| 21 | SPDR GOLD TR | GLD | 78463V107 | $3.5M | 0.54% | 8,157 | SH |
| 22 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $3.0M | 0.47% | 4,185 | SH |
| 23 | UBS GROUP AG | UBS | H42097107 | $2.8M | 0.44% | 64,477 | SH |
| 24 | BANK NEW YORK MELLON CORP | BK | 064058100 | $2.8M | 0.44% | 20,794 | SH |
| 25 | KIMBERLY-CLARK CORP | KMB | 494368103 | $2.4M | 0.37% | 24,280 | SH |
| 26 | ALPHABET INC | GOOG | 02079K107 | $2.3M | 0.36% | 6,010 | SH |
| 27 | EXPAND ENERGY CORPORATION | EXE | 165167735 | $2.3M | 0.36% | 22,396 | SH |
| 28 | UNION PAC CORP | UNP | 907818108 | $2.1M | 0.33% | 7,913 | SH |
| 29 | CADIZ INC | CDZI | 127537207 | $2.1M | 0.32% | 474,019 | SH |
| 30 | LOEWS CORP | L | 540424108 | $1.7M | 0.27% | 15,455 | SH |
| 31 | BROADCOM INC | AVGO | 11135F101 | $1.6M | 0.25% | 3,918 | SH |
| 32 | GOLAR LNG LTD | GLNG | G9456A100 | $1.6M | 0.24% | 28,796 | SH |
| 33 | META PLATFORMS INC | META | 30303M102 | $1.4M | 0.22% | 2,310 | SH |
| 34 | WALMART INC | WMT | 931142103 | $1.4M | 0.21% | 10,378 | SH |
| 35 | JOHNSON & JOHNSON | JNJ | 478160104 | $1.3M | 0.21% | 5,788 | SH |
| 36 | CAPITAL ONE FINL CORP | COF | 14040H105 | $1.3M | 0.20% | 6,859 | SH |
| 37 | TECK RESOURCES LTD | TECK | 878742204 | $1.3M | 0.20% | 21,526 | SH |
| 38 | MGM RESORTS INTERNATIONAL | MGM | 552953101 | $1.2M | 0.19% | 32,065 | SH |
| 39 | ISHARES TR | IWM | 464287655 | $1.2M | 0.18% | 4,202 | SH |
| 40 | PG&E CORP | PCG | 69331C108 | $1.1M | 0.17% | 67,022 | SH |
| 41 | UNILEVER PLC | UL | 904767803 | $1.0M | 0.16% | 17,647 | SH |
| 42 | AXIS CAP HLDGS LTD | AXS | G0692U109 | $1.0M | 0.16% | 10,053 | SH |
| 43 | NORTHERN TR CORP | NTRS | 665859104 | $999.9K | 0.16% | 6,011 | SH |
| 44 | JPMORGAN CHASE & CO | JPM | 46625H100 | $989.1K | 0.15% | 3,158 | SH |
| 45 | GENERAL MTRS CO | GM | 37045V100 | $972.7K | 0.15% | 12,650 | SH |
| 46 | COCA COLA CO | KO | 191216100 | $965.8K | 0.15% | 12,263 | SH |
| 47 | AMERICAN INTL GROUP INC | AIG | 026874784 | $962.7K | 0.15% | 12,870 | SH |
| 48 | INVESCO QQQ TR | QQQ | 46090E103 | $950.2K | 0.15% | 1,423 | SH |
| 49 | BOEING CO | BA | 097023105 | $920.7K | 0.14% | 4,020 | SH |
| 50 | COSTCO WHOLESALE CORPORATION | COST | 22160K105 | $920.2K | 0.14% | 907 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-14 | $643.0M | 155 | 0001951757-26-000858 |
| 2025-12-31 | 2026-01-07 | $513.3M | 157 | 0001951757-26-000033 |
| 2025-09-30 | 2025-10-17 | $534.9M | 151 | 0001951757-25-001167 |