Permanens Capital L.P.
Sector Allocation
- Other67.0%$651.9M
- Financials18.6%$180.6M
- Technology6.2%$60.4M
- Materials1.9%$18.2M
- Consumer Discretionary1.8%$17.2M
- Real Estate1.3%$12.1M
- Consumer Staples1.2%$11.7M
- Healthcare0.8%$7.7M
- Industrials0.6%$5.8M
- Communication Services0.4%$3.5M
AUM History
13fpro.ai/research/fund/permanens-capital-l-p-1599637
Conviction and streaks
Diversifying · top 10 = 67.6%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
- SPDR$162.9M
- VANGUARD$158.8M
- VANGUARD$71.1M
IAU
$64.8M- BLACKROCK$55.0M
IVZ
$42.2M- J$29.2M
- LAZARD$25.4M
- SCHWAB$24.9M
PSUS
$22.5MWT
$21.8M- PRINCIPAL$21.1M
CCJ
$17.5M- EA$16.0M
MSFT
$13.6MGOOGL
$12.2MHHH
$12.1MMUFG
$11.5M- 2023$11.5M
JPM
$11.4M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/permanens-capital-l-p-1599637
Permanens Capital L.P. 13F holdings — Q2 2026
$972.4M portfolio (+25.3% QoQ) · 100 holdings · Q2 2026 13F · top 10 are 68% of the stock portfolio
- 1
SPDR SERIES TRUST - ST STR BLO 1 ETF
$162.9M
16.8% of stocks
+80%This quarter—Since filed—HeldAIQuality—Est. buy— - 2
VANGUARD INDEX FDS - VALUE ETF
$158.8M
16.3% of stocks
+22%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
VANGUARD INDEX FDS - GROWTH ETF
$71.1M
7.3% of stocks
+619%This quarter—Since filed—HeldAIQuality—Est. buy— $64.8M
6.7% of stocks
-54%This quarter-8.3%Since filed5+ qtrsHeld- 5
BLACKROCK ETF TRUST II - ISHA SECU IN ETF
$55.0M
5.7% of stocks
+34%This quarter—Since filed—HeldAIQuality—Est. buy— $42.2M
4.3% of stocks
+483%This quarter-12.3%Since filed2 qtrsHeld- 7
J P MORGAN EXCHANGE TRADED F - BETA EURO ET NE
$29.2M
3.0% of stocks
+82%This quarter—Since filed—HeldAIQuality—Est. buy— - 8
LAZARD ACTIVE ETF TR - JAPANESE EQUITY
$25.4M
2.6% of stocks
+17%This quarter—Since filed—HeldAIQuality—Est. buy— - 9
SCHWAB STRATEGIC TR - 5 10YR CORP BD
$24.9M
2.6% of stocks
-19%This quarter—Since filed—HeldAIQuality—Est. buy— $22.5M
2.3% of stocks
NewThis quarter-6.1%Since filedNew this quarterHeld
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SPDR SERIES TRUST - ST STR BLO 1 ETF | $162.9M | 16.8% | +80% | — | — | — | — | |
| 2 | VANGUARD INDEX FDS - VALUE ETF | $158.8M | 16.3% | +22% | — | — | — | — | |
| 3 | VANGUARD INDEX FDS - GROWTH ETF | $71.1M | 7.3% | +619% | — | — | — | — | |
| 4 | $64.8M | 6.7% | -54% | -8.3% | 5+ qtrs | — | Estimated buy price is Pro: unlock with a free trial | ||
| 5 | BLACKROCK ETF TRUST II - ISHA SECU IN ETF | $55.0M | 5.7% | +34% | — | — | — | — | |
| 6 | $42.2M | 4.3% | +483% | -12.3% | 2 qtrsAdded 2 qtrs in a row | — | Estimated buy price is Pro: unlock with a free trial | ||
| 7 | J P MORGAN EXCHANGE TRADED F - BETA EURO ET NE | $29.2M | 3.0% | +82% | — | — | — | — | |
| 8 | LAZARD ACTIVE ETF TR - JAPANESE EQUITY | $25.4M | 2.6% | +17% | — | — | — | — | |
| 9 | SCHWAB STRATEGIC TR - 5 10YR CORP BD | $24.9M | 2.6% | -19% | — | — | — | — | |
| 10 | $22.5M | 2.3% | New | -6.1% | New this quarter | — | Estimated buy price is Pro: unlock with a free trial |
All holdings — Permanens Capital L.P. (Q2 2026)
100 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | WisdomTree, Inc. | Financials | $21.8M | 2.3% | 126K | +426% | 5+ qtrs | 61.4 | 13F | |
| 12 | — | PRINCIPAL EXCHANGE TRADED FD - SPECTRUM PFDpreferred | — | $21.1M | 2.2% | 1.10M | +30% | — | — | 13F |
| 13 | CAMECO CORP | Materials | $17.5M | 1.8% | 172K | +2% | 5+ qtrs | — | 13F | |
| 14 | — | EA SERIES TRUST - FREEDOM 100 EM | — | $16.0M | 1.6% | 219K | +2434% | — | — | 13F |
| 15 | MICROSOFT CORP | Technology | $13.6M | 1.4% | 36K | +17% | 5+ qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Alphabet Inc. | Technology | $12.2M | 1.3% | 34K | +458% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Howard Hughes Holdings Inc. | Real Estate | $12.1M | 1.2% | 169K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | MITSUBISHI UFJ FINANCIAL GROUP INCadr | Financials | $11.5M | 1.2% | 574K | -0.2% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | — | 2023 ETF SERIES TRUST - EAGL CAP SEL ETFetf/fund | — | $11.5M | 1.2% | 356K | +19% | — | — | 13F |
| 20 | JPMORGAN CHASE & CO | Financials | $11.4M | 1.2% | 35K | +2% | 5+ qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | — | ISHARES TR - RUS 1000 GRW ETFetf/fund | — | $10.9M | 1.1% | 88K | New | — | — | 13F |
| 22 | — | ISHARES TR - CORE MSCI EAFEetf/fund | — | $10.7M | 1.1% | 111K | +949% | — | — | 13F |
| 23 | iShares Gold Trust Microetf/fund | Financials | $10.6M | 1.1% | 266K | — | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Walmart Inc. | Consumer Staples | $10.4M | 1.1% | 92K | +6% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | NOKIA CORPadr | Technology | $10.0M | 1.0% | 754K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $ULTA | Ulta Beauty, Inc. | Consumer Discretionary | $8.9M | 0.9% | 20K | +7% | |||
| 27 | $IVZ | Invesco Ltd. | Financials | $8.8M | 0.9% | 432K | +13% | |||
| 28 | — | ISHARES TR - CORE S&P500 ETF | — | $7.4M | 0.8% | 9,880 | +1446% | |||
| 29 | $AMZN | AMAZON COM INC | Consumer Discretionary | $5.1M | 0.5% | 21K | +15% | |||
| 30 | — | ISHARES TR - RUS 1000 VAL ETF | — | $4.9M | 0.5% | 20K | +1162% | |||
| 31 | $SPY | SPDR S&P 500 ETF TRUST | — | $4.5M | 0.5% | 6,043 | -3% | |||
| 32 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $4.4M | 0.5% | 9,114 | +73% | |||
| 33 | — | ISHARES TR - GLB INFRASTR ETF | — | $3.3M | 0.3% | 49K | New | |||
| 34 | $DOV | DOVER Corp | Industrials | $3.2M | 0.3% | 20K | New | |||
| 35 | $AAPL | Apple Inc. | Technology | $3.1M | 0.3% | 11K | +83% | |||
| 36 | $MA | Mastercard Inc | Financials | $2.8M | 0.3% | 5,463 | +70% | |||
| 37 | $MELI | MERCADOLIBRE INC | Consumer Discretionary | $2.8M | 0.3% | 1,630 | +70% | |||
| 38 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $2.6M | 0.3% | 6,297 | +3% | |||
| 39 | $META | Meta Platforms, Inc. | Technology | $2.5M | 0.3% | 4,522 | +17% | |||
| 40 | — | ISHARES TR - MSCI EAFE ETF | — | $2.4M | 0.3% | 23K | New | |||
| 41 | $GOOG | Alphabet Inc. | Technology | $2.4M | 0.2% | 6,693 | +22% | |||
| 42 | — | STATE STR SPDR S&P 500 ETF T - TR UNIT | — | $2.3M | 0.2% | 34K | New | |||
| 43 | — | ProShares Ultra QQQ ETF - ETF | — | $2.0M | 0.2% | 21K | — | |||
| 44 | $NFLX | NETFLIX INC | Communication Services | $2.0M | 0.2% | 28K | -12% | |||
| 45 | $COP | CONOCOPHILLIPS | Energy | $1.9M | 0.2% | 19K | -3% | |||
| 46 | $DHR | DANAHER CORP /DE/ | Healthcare | $1.9M | 0.2% | 9,994 | +45% | |||
| 47 | $NVDA | NVIDIA CORP | Technology | $1.7M | 0.2% | 8,647 | +317% | |||
| 48 | $SPGI | S&P Global Inc. | Financials | $1.7M | 0.2% | 4,190 | +235% | |||
| 49 | $ASML | ASML HOLDING NV | Technology | $1.6M | 0.2% | 823 | +67% | |||
| 50 | $HUM | HUMANA INC | Healthcare | $1.5M | 0.2% | 3,884 | +38% | |||
| 51 | $SAP | SAP SE | Technology | $1.5M | 0.2% | 9,855 | +16% | |||
| 52 | $WDAY | Workday, Inc. | Technology | $1.4M | 0.1% | 12K | +33% | |||
| 53 | $AVGO | Broadcom Inc. | Technology | $1.4M | 0.1% | 3,634 | New | |||
| 54 | $COF | CAPITAL ONE FINANCIAL CORP | Financials | $1.3M | 0.1% | 6,708 | +2% | |||
| 55 | $SHOP | SHOPIFY INC. | Technology | $1.3M | 0.1% | 12K | +17% | |||
| 56 | $AJG | Arthur J. Gallagher & Co. | Financials | $1.2M | 0.1% | 5,056 | +74% | |||
| 57 | $STUB | StubHub Holdings, Inc. | Communication Services | $1.0M | 0.1% | 81K | New | |||
| 58 | — | NOMURA ETF TR - FOCU EM MKTS ETF | — | $1.0M | 0.1% | 14K | +38% | |||
| 59 | $LEN | LENNAR CORP /NEW/ | Industrials | $999K | 0.1% | 11K | +0.5% | |||
| 60 | $MU | MICRON TECHNOLOGY INC | Technology | $923K | 0.1% | 800 | New | |||
| 61 | — | VANGUARD INDEX FDS - TOTAL STK MKT | — | $903K | 0.1% | 2,439 | New | |||
| 62 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $884K | 0.1% | 1,199 | -46% | |||
| 63 | $EQT | EQT Corp | Energy | $868K | 0.1% | 16K | +314% | |||
| 64 | $INTU | INTUIT INC. | Technology | $813K | 0.1% | 3,116 | +38% | |||
| 65 | — | ISHARES TR - CORE S&P SCP ETF | — | $742K | 0.1% | 5,000 | New | |||
| 66 | $EL | ESTEE LAUDER COMPANIES INC | Consumer Staples | $733K | 0.1% | 9,285 | +7% | |||
| 67 | — | KRANESHARES TRUST - CSI CHI INTERNET | — | $680K | 0.1% | 28K | — | |||
| 68 | $AA | Alcoa Corp | Materials | $669K | 0.1% | 13K | -9% | |||
| 69 | $CAT | CATERPILLAR INC | Industrials | $669K | 0.1% | 628 | New | |||
| 70 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $617K | 0.1% | 1,233 | -94% | |||
| 71 | $ELV | Elevance Health, Inc. | Healthcare | $604K | 0.1% | 1,562 | +6% | |||
| 72 | $STX | Seagate Technology Holdings plc | Technology | $555K | 0.1% | 575 | New | |||
| 73 | — | FLEXSHARES TR - MORNSTAR UPSTR | — | $552K | 0.1% | 11K | New | |||
| 74 | $BP | BP PLC | Energy | $522K | 0.1% | 14K | +15% | |||
| 75 | $ETN | Eaton Corp plc | Industrials | $456K | 0.1% | 1,069 | New | |||
| 76 | $TSLA | Tesla, Inc. | Consumer Discretionary | $397K | 0.0% | 944 | New | |||
| 77 | $AMD | ADVANCED MICRO DEVICES INC | Technology | $383K | 0.0% | 660 | New | |||
| 78 | $PS | PERSHING SQUARE INC. | Financials | $381K | 0.0% | 12K | New | |||
| 79 | $LLY | ELI LILLY & Co | Healthcare | $379K | 0.0% | 316 | New | |||
| 80 | $AZN | ASTRAZENECA PLC | Healthcare | $342K | 0.0% | 1,802 | New | |||
| 81 | $NVS | NOVARTIS AG | Healthcare | $333K | 0.0% | 2,125 | New | |||
| 82 | $PM | Philip Morris International Inc. | Consumer Staples | $331K | 0.0% | 1,814 | New | |||
| 83 | $LRCX | LAM RESEARCH CORP | Technology | $306K | 0.0% | 706 | New | |||
| 84 | $SE | Sea Ltd | Industrials | $271K | 0.0% | 2,826 | New | |||
| 85 | $UBS | UBS Group AG | Financials | $268K | 0.0% | 5,399 | New | |||
| 86 | $LBRDA | Liberty Broadband Corp | Communication Services | $252K | 0.0% | 7,576 | — | |||
| 87 | $CHTR | CHARTER COMMUNICATIONS, INC. /MO/ | Communication Services | $243K | 0.0% | 1,706 | New | |||
| 88 | $HSBC | HSBC HOLDINGS PLC | Financials | $240K | 0.0% | 2,526 | New | |||
| 89 | $RY | ROYAL BANK OF CANADA | Financials | $225K | 0.0% | 1,087 | New | |||
| 90 | $CP | CANADIAN PACIFIC KANSAS CITY LTD/CN | Industrials | $221K | 0.0% | 2,546 | New | |||
| 91 | — | ISHARES TR - RUSSELL 2000 ETF | — | $220K | 0.0% | 732 | -20% | |||
| 92 | $KLAC | KLA CORP | Technology | $211K | 0.0% | 700 | New | |||
| 93 | $AXP | AMERICAN EXPRESS CO | Financials | $206K | 0.0% | 608 | New | |||
| 94 | $BTI | British American Tobacco p.l.c. | Consumer Staples | $201K | 0.0% | 3,258 | New | |||
| 95 | $LYG | Lloyds Banking Group plc | Financials | $170K | 0.0% | 29K | New | |||
| 96 | $SAN | Banco Santander, S.A. | Financials | $158K | 0.0% | 11K | New | |||
| 97 | $NU | Nu Holdings Ltd. | Financials | $148K | 0.0% | 11K | New | |||
| 98 | $OPEN | Opendoor Technologies Inc. | Real Estate | $46K | 0.0% | 10K | — | |||
| 99 | $PODC | PodcastOne, Inc. | Technology | $45K | 0.0% | 10K | -93% | |||
| 100 | $CANG | Cango Inc. | Technology | $3K | 0.0% | 15K | -92% |
What changed in Q2 2026
Against the previous quarter's 13F: 36 new, 47 added to, 12 trimmed, 24 sold out. Share-count changes; largest moves by dollar size first.
New positions (36)
first bought this quarter
first bought this quarter
$NOKNOKIA CORP$10.0M
first bought this quarter
- ISHARES TR - GLB INFRASTR ETF$3.3M
first bought this quarter
$DOVDOVER Corp$3.2M
first bought this quarter
- ISHARES TR - MSCI EAFE ETF$2.4M
first bought this quarter
+30 more in the Excel export
Added to (47)
- SPDR SERIES TRUST - ST STR BLO 1 ETF+80%
now $162.9M
- VANGUARD INDEX FDS - GROWTH ETF+619%
now $71.1M
now $42.2M · held 2 qtrs, 2 adds in a row
- VANGUARD INDEX FDS - VALUE ETF+22%
now $158.8M
now $21.8M · held 5+ qtrs
- EA SERIES TRUST - FREEDOM 100 EM+2434%
now $16.0M
+41 more in the Excel export
Trimmed (12)
now $64.8M · held 5+ qtrs
$BRK.BBERKSHIRE HATHAWAY INC-94%
now $617K · held 2 qtrs
- SCHWAB STRATEGIC TR - 5 10YR CORP BD-19%
now $24.9M
$QQQINVESCO QQQ TRUST, SERIES 1-46%
now $884K · held 5+ qtrs
$PODCPodcastOne, Inc.-93%
now $45K · held 5+ qtrs
$NFLXNETFLIX INC-12%
now $2.0M · held 4 qtrs
+6 more in the Excel export
Holdings by quarter
Every 13F Permanens Capital L.P. has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow Permanens Capital L.P.?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Permanens Capital L.P.'s top 20 holdings: 69/100 (our AI quality score, weighted by position size; 11 of the 20 are scored)
Top 10 since filing
-7.9%
Value-weighted move of the 10 largest stock positions
Turnover
18%
Last quarter; 84% over the last 4
Top 10 weight
68%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
58%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q2 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Permanens Capital L.P. disclosed 100 positions worth $972.4M in its Form 13F-HR for Q2 2026. During the quarter the fund opened 36 new positions and exited 24 — including a new stake in $PSUS. The portfolio is most concentrated in Other (67.0% of disclosed assets). All figures are sourced directly from Permanens Capital L.P.’s Form 13F-HR filing with the SEC under CIK 1599637.
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AI-Powered Hedge Fund Analysis: Permanens Capital L.P.
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