Permanent Capital Management, LP Q4 2025 Filing
Filed January 7, 2026
Portfolio Value
$513.3B
Holdings
157
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (157 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | VOOVANGUARD INDEX FDS | 245,519 | $154.0B | 30.00% | |
| 2 | RSPINVESCO EXCHANGE TRADED FD T | 218,091 | $41.8B | 8.14% | |
| 3 | VEAVANGUARD TAX-MANAGED FDS | 667,846 | $41.7B | 8.13% | |
| 4 | VGITVANGUARD SCOTTSDALE FDS | 590,480 | $35.4B | 6.89% | |
| 5 | MSFTMICROSOFT CORP | 72,189 | $34.9B | 6.80% | |
| 6 | USFRWISDOMTREE TR | 348,134 | $17.5B | 3.41% | |
| 7 | VWOVANGUARD INTL EQUITY INDEX F | 292,437 | $15.7B | 3.06% | |
| 8 | AGGISHARES TR | 138,582 | $13.8B | 2.70% | |
| 9 | VTIVANGUARD INDEX FDS | 23,727 | $8.0B | 1.55% | |
| 10 | ACWIISHARES TR | 54,862 | $7.8B | 1.51% | |
| 11 | SPTLSPDR SERIES TRUST | 279,198 | $7.4B | 1.44% | |
| 12 | VBVANGUARD INDEX FDS | 26,423 | $6.8B | 1.33% | |
| 13 | AURAURORA INNOVATION INC | 1,340,223 | $5.1B | 1.00% | |
| 14 | NVDANVIDIA CORPORATION | 22,789 | $4.3B | 0.83% | |
| 15 | IWFISHARES TR | 8,762 | $4.1B | 0.81% | |
| 16 | GQ9SPDR GOLD TR | 9,803 | $3.9B | 0.76% | |
| 17 | AAPLAPPLE INC | 14,080 | $3.8B | 0.75% | |
| 18 | COFCAPITAL ONE FINL CORP | 13,719 | $3.3B | 0.65% | |
| 19 | AMZNAMAZON COM INC | 13,942 | $3.2B | 0.63% | |
| 20 | CATCATERPILLAR INC | 5,586 | $3.2B | 0.62% | |
| 21 | UBSUBS GROUP AG | 67,470 | $3.1B | 0.61% | |
| 22 | GOOGLALPHABET INC | 9,931 | $3.1B | 0.61% | |
| 23 | SPYSPDR S&P 500 ETF TR | 4,185 | $2.9B | 0.56% | |
| 24 | CDZICADIZ INC | 496,519 | $2.8B | 0.54% | |
| 25 | EXEEXPAND ENERGY CORPORATION | 23,845 | $2.6B | 0.51% | |
| 26 | UNPUNION PAC CORP | 10,611 | $2.5B | 0.48% | |
| 27 | BKBANK NEW YORK MELLON CORP | 20,773 | $2.4B | 0.47% | |
| 28 | GLNGGOLAR LNG LTD | 59,183 | $2.2B | 0.43% | |
| 29 | OI*O-I GLASS INC | 141,546 | $2.1B | 0.41% | |
| 30 | VTVANGUARD INTL EQUITY INDEX F | 14,345 | $2.0B | 0.39% | |
| 31 | GOOGALPHABET INC | 6,010 | $1.9B | 0.37% | |
| 32 | 0J7QIAC INC | 42,322 | $1.7B | 0.32% | |
| 33 | LLOEWS CORP | 15,455 | $1.6B | 0.32% | |
| 34 | PCGPG&E CORP | 100,029 | $1.6B | 0.31% | |
| 35 | BABOEING CO | 7,152 | $1.6B | 0.30% | |
| 36 | TECK/BTECK RESOURCES LTD | 32,270 | $1.5B | 0.30% | |
| 37 | ACTGACACIA RESH CORP | 405,345 | $1.5B | 0.30% | |
| 38 | METAMETA PLATFORMS INC | 2,169 | $1.4B | 0.28% | |
| 39 | NDQINVESCO QQQ TR | 2,173 | $1.3B | 0.26% | |
| 40 | AXSAXIS CAP HLDGS LTD | 12,355 | $1.3B | 0.26% | |
| 41 | IWMISHARES TR | 5,308 | $1.3B | 0.25% | |
| 42 | GMGENERAL MTRS CO | 15,091 | $1.2B | 0.24% | |
| 43 | AVGOBROADCOM INC | 3,493 | $1.2B | 0.24% | |
| 44 | WMTWALMART INC | 10,808 | $1.2B | 0.23% | |
| 45 | TRVCCITIGROUP INC | 10,148 | $1.2B | 0.23% | |
| 46 | JBSJBS N.V. | 81,797 | $1.2B | 0.23% | |
| 47 | JNJJOHNSON & JOHNSON | 5,664 | $1.2B | 0.23% | |
| 48 | ULUNILEVER PLC | 17,621 | $1.2B | 0.22% | |
| 49 | AIGAMERICAN INTL GROUP INC | 12,844 | $1.1B | 0.21% | |
| 50 | PGRPROGRESSIVE CORP | 4,737 | $1.1B | 0.21% | |
| 51 | JPMJPMORGAN CHASE & CO. | 3,327 | $1.1B | 0.21% | |
| 52 | HZOMARINEMAX INC | 42,302 | $1.0B | 0.20% | |
| 53 | XOMEXXON MOBIL CORP | 8,263 | $994.0M | 0.19% | |
| 54 | BPBP PLC | 27,993 | $972.0M | 0.19% | |
| 55 | LIFLIFE360 INC | 14,328 | $918.0M | 0.18% | |
| 56 | BDXBECTON DICKINSON & CO | 4,684 | $909.0M | 0.18% | |
| 57 | SPGIS&P GLOBAL INC | 1,667 | $871.0M | 0.17% | |
| 58 | VVISA INC | 2,479 | $869.0M | 0.17% | |
| 59 | KOCOCA COLA CO | 12,069 | $843.0M | 0.16% | |
| 60 | KMBKIMBERLY-CLARK CORP | 8,187 | $837.0M | 0.16% | |
| 61 | BWXTBWX TECHNOLOGIES INC | 4,838 | $836.0M | 0.16% | |
| 62 | NTRSNORTHERN TR CORP | 5,998 | $824.0M | 0.16% | |
| 63 | ABBVABBVIE INC | 3,551 | $811.0M | 0.16% | |
| 64 | MGMMGM RESORTS INTERNATIONAL | 21,288 | $776.0M | 0.15% | |
| 65 | COSTCOSTCO WHSL CORP NEW | 879 | $757.0M | 0.15% | |
| 66 | KBWBINVESCO EXCH TRADED FD TR II | 8,670 | $730.0M | 0.14% | |
| 67 | NWSANEWS CORP NEW | 26,361 | $688.0M | 0.13% | |
| 68 | VGSHVANGUARD SCOTTSDALE FDS | 11,691 | $686.0M | 0.13% | |
| 69 | BCBRUNSWICK CORP | 9,230 | $685.0M | 0.13% | |
| 70 | DEDEERE & CO | 1,467 | $685.0M | 0.13% | |
| 71 | SEMSELECT MED HLDGS CORP | 45,000 | $668.0M | 0.13% | |
| 72 | BACBANK AMERICA CORP | 11,645 | $640.0M | 0.12% | |
| 73 | SLGSL GREEN RLTY CORP | 13,628 | $625.0M | 0.12% | |
| 74 | ALKALASKA AIR GROUP INC | 12,394 | $623.0M | 0.12% | |
| 75 | NEENEXTERA ENERGY INC | 7,708 | $618.0M | 0.12% | |
| 76 | BACVERIZON COMMUNICATIONS INC | 15,164 | $617.0M | 0.12% | |
| 77 | SPRYARS PHARMACEUTICALS INC | 52,306 | $609.0M | 0.12% | |
| 78 | MRSHMARSH & MCLENNAN COS INC | 3,236 | $600.0M | 0.12% | |
| 79 | IBMINTERNATIONAL BUSINESS MACHS | 2,015 | $596.0M | 0.12% | |
| 80 | MYFWFIRST WESTN FINL INC | 21,000 | $563.0M | 0.11% | |
| 81 | HUTHUT 8 CORP | 12,000 | $551.0M | 0.11% | |
| 82 | RDDTREDDIT INC | 2,390 | $549.0M | 0.11% | |
| 83 | OWLBLUE OWL CAPITAL INC | 35,518 | $530.0M | 0.10% | |
| 84 | PSLV/USPROTT ASSET MANAGEMENT LP | 21,920 | $518.0M | 0.10% | |
| 85 | AMATAPPLIED MATLS INC | 1,791 | $460.0M | 0.09% | |
| 86 | MCDMCDONALDS CORP | 1,504 | $459.0M | 0.09% | |
| 87 | BSXBOSTON SCIENTIFIC CORP | 4,608 | $439.0M | 0.09% | |
| 88 | ISHGISHARES TR | 5,749 | $432.0M | 0.08% | |
| 89 | EFAISHARES TR | 4,425 | $424.0M | 0.08% | |
| 90 | ICEINTERCONTINENTAL EXCHANGE IN | 2,594 | $420.0M | 0.08% | |
| 91 | AURAAURA BIOSCIENCES INC | 75,864 | $413.0M | 0.08% | |
| 92 | TTWOTAKE-TWO INTERACTIVE SOFTWAR | 1,596 | $408.0M | 0.08% | |
| 93 | FDVVFIDELITY COVINGTON TRUST | 7,097 | $402.0M | 0.08% | |
| 94 | CCKCROWN HLDGS INC | 3,807 | $392.0M | 0.08% | |
| 95 | APOAPOLLO GLOBAL MGMT INC | 2,654 | $384.0M | 0.07% | |
| 96 | SPOTSPOTIFY TECHNOLOGY S A | 649 | $376.0M | 0.07% | |
| 97 | FBNDFIDELITY MERRIMACK STR TR | 7,942 | $367.0M | 0.07% | |
| 98 | ISRGINTUITIVE SURGICAL INC | 623 | $352.0M | 0.07% | |
| 99 | BBARRICK MNG CORP | 8,025 | $349.0M | 0.07% | |
| 100 | CNNECANNAE HLDGS INC | 22,000 | $346.0M | 0.07% |
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