What does Permanens Capital L.P. hold?

Permanens Capital L.P.'s 13F holdings are disclosed quarterly in Form 13F-HR filings on SEC EDGAR. Full top-holdings list, quarter-over-quarter position changes, and sector allocation breakdown are available at https://13fpro.ai/research/fund/1599637.

What is Permanens Capital L.P.'s AUM?

Permanens Capital L.P. reported approximately $972.4M in 13F-reportable AUM as of 2026-06-30. This figure reflects long US-listed positions disclosed on Form 13F-HR and excludes non-13F-reportable holdings (cash, short positions, certain derivatives, and non-US securities). Separately, the firm reported $4.0B in total regulatory AUM (RAUM) on its most recent Form ADV filing.

Where does 13F Pro source Permanens Capital L.P.'s holdings?

All Permanens Capital L.P. holdings data comes directly from SEC EDGAR Form 13F-HR filings under CIK 1599637. Data refreshes automatically each quarter as new 13F filings are submitted (typically within 45 days of quarter-end). 13F Pro applies no third-party rewrites or estimates.

How often is Permanens Capital L.P.'s 13F data updated on 13F Pro?

Permanens Capital L.P.'s holdings update on 13F Pro within hours of each new Form 13F-HR filing on SEC EDGAR. Quarterly position changes, accumulation/distribution flags, and sector allocation are recalculated on each refresh.

Permanens Capital L.P.

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1599637

Institutional-grade research for retail investors

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.

$Conviction hold16.8% weight · held 8 quarters

$Conviction hold16.3% weight · held 10 quarters

$Conviction hold7.3% weight · held 10 quarters

$IAUConviction hold6.7% weight · held 10 quarters

$Conviction hold3.0% weight · held 4 quarters

$Accumulating+27997% shares · 6 quarters running

$JPMAccumulating+125% shares · 6 quarters running

$WMTAccumulating+104% shares · 5 quarters running

$SAPAccumulating+214% shares · 5 quarters running

$Accumulating+1315% shares · 4 quarters running

$COPTrimming-46% shares · 2 quarters running

$AATrimming-53% shares · 2 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
$22.5M
WT
$21.8M
PRINCIPAL
$21.1M
CCJ
$17.5M
EA
$16.0M
MSFT
$13.6M
GOOGL
$12.2M
HHH
$12.1M
MUFG
$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 Q-end—Held
AIQuality—Est. buy—
2
VANGUARD INDEX FDS - VALUE ETF
$158.8M
16.3% of stocks
+22%This quarter—Since Q-end—Held
AIQuality—Est. buy—
3
VANGUARD INDEX FDS - GROWTH ETF
$71.1M
7.3% of stocks
+619%This quarter—Since Q-end—Held
AIQuality—Est. buy—
4
ISHARES GOLD TRUST
$IAU
$64.8M
6.7% of stocks
-54%This quarter—Since Q-end—Held
AIQuality—Est. buy—
5
BLACKROCK ETF TRUST II - ISHA SECU IN ETF
$55.0M
5.7% of stocks
+34%This quarter—Since Q-end—Held
AIQuality—Est. buy—
6
Invesco Ltd.
$IVZ
$42.2M
4.3% of stocks
+483%This quarter—Since Q-end—Held
AIQuality—Est. buy—
7
J P MORGAN EXCHANGE TRADED F - BETA EURO ET NE
$29.2M
3.0% of stocks
+82%This quarter—Since Q-end—Held
AIQuality—Est. buy—
8
LAZARD ACTIVE ETF TR - JAPANESE EQUITY
$25.4M
2.6% of stocks
+17%This quarter—Since Q-end—Held
AIQuality—Est. buy—
9
SCHWAB STRATEGIC TR - 5 10YR CORP BD
$24.9M
2.6% of stocks
-19%This quarter—Since Q-end—Held
AIQuality—Est. buy—
10
Pershing Square USA, Ltd.
$PSUS
$22.5M
2.3% of stocks
NewThis quarter—Since Q-endNew this quarterHeld
AIQuality—Est. buy—

#	Company	Value	Weight	This quarter	Since Q-end	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	$71.1M	7.3%	+619%	—	—	—	—
4	ISHARES GOLD TRUST$IAU	$64.8M	6.7%	-54%	—	—	—	—
5	BLACKROCK ETF TRUST II - ISHA SECU IN ETF	$55.0M	5.7%	+34%	—	—	—	—
6	Invesco Ltd.$IVZ	$42.2M	4.3%	+483%	—	—	—	—
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	$24.9M	2.6%	-19%	—	—	—	—
10	Pershing Square USA, Ltd.$PSUS	$22.5M	2.3%	New	—	New this quarter	—	—

All holdings — Permanens Capital L.P. (Q2 2026)

Sort

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	$WT	WisdomTree, Inc.	Financials	$21.8M	2.3%	126K	+426%	—	AI quality score is Pro: unlock with a free trial	13F
12	—	PRINCIPAL EXCHANGE TRADED FD - SPECTRUM PFDpreferred	—	$21.1M	2.2%	1.10M	+30%	—	—	13F
13	$CCJ	CAMECO CORP	Materials	$17.5M	1.8%	172K	+2%	—	—	13F
14	—	EA SERIES TRUST - FREEDOM 100 EM	—	$16.0M	1.6%	219K	+2434%	—	—	13F
15	$MSFT	MICROSOFT CORP	Technology	$13.6M	1.4%	36K	+17%	—	AI quality score is Pro: unlock with a free trial	13F
16	$GOOGL	Alphabet Inc.	Technology	$12.2M	1.3%	34K	+458%	—	AI quality score is Pro: unlock with a free trial	13F
17	$HHH	Howard Hughes Holdings Inc.	Real Estate	$12.1M	1.2%	169K	New	—	AI quality score is Pro: unlock with a free trial	13F
18	$MUFG	MITSUBISHI UFJ FINANCIAL GROUP INCadr	Financials	$11.5M	1.2%	574K	-0.2%	—	—	13F
19	—	2023 ETF SERIES TRUST - EAGL CAP SEL ETFetf/fund	—	$11.5M	1.2%	356K	+19%	—	—	13F
20	$JPM	JPMORGAN CHASE & CO	Financials	$11.4M	1.2%	35K	+2%	—	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	$IAUM	iShares Gold Trust Microetf/fund	Financials	$10.6M	1.1%	266K	—	—	—	13F
24	$WMT	Walmart Inc.	Consumer Staples	$10.4M	1.1%	92K	+6%	—	AI quality score is Pro: unlock with a free trial	13F
25	$NOK	NOKIA CORPadr	Technology	$10.0M	1.0%	754K	New	—	—	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)

$PSUSPershing Square USA, Ltd.$22.5M
first bought this quarter
$HHHHoward Hughes Holdings Inc.$12.1M
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
$IVZInvesco Ltd.+483%
now $42.2M
VANGUARD INDEX FDS - VALUE ETF+22%
now $158.8M
$WTWisdomTree, Inc.+426%
now $21.8M
EA SERIES TRUST - FREEDOM 100 EM+2434%
now $16.0M

+41 more in the Excel export

Trimmed (12)

$IAUISHARES GOLD TRUST-54%
now $64.8M
$BRK.BBERKSHIRE HATHAWAY INC-94%
now $617K
SCHWAB STRATEGIC TR - 5 10YR CORP BD-19%
now $24.9M
$QQQINVESCO QQQ TRUST, SERIES 1-46%
now $884K
$PODCPodcastOne, Inc.-93%
now $45K
$NFLXNETFLIX INC-12%
now $2.0M

+6 more in the Excel export

Sold out (24)

ISHARES TRwas $30.6M
$BKRBaker Hughes Cowas $10.7M
held 1 qtr
BLACKROCK ETF TRUST IIwas $7.8M
$BRTBRT Apartments Corp.was $2.7M
held 5 qtrs
$BGCBGC Group, Inc.was $1.7M
held 4 qtrs
$ARCCARES CAPITAL CORPwas $1.2M

+18 more in the Excel export

Firm AUM (Form ADV): $4.0B as of 2025-12-31 · SEC IAPD

Holdings by quarter

Every 13F Permanens Capital L.P. has filed, 41 earlier quarters. Pick one to see what it held then.

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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.

13F Pro is an AI hedge fund tracker and stock research platform. For Permanens Capital L.P. (SEC CIK: 1599637), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in Permanens Capital L.P.'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.