Alaska Permanent Capital Management

ANCHORAGE, AKfiles as Alaska Permanent Capital Management, LLC

$1.5bn in 41 US stocks at the end of 30 June 2026. The top 10 are 82.4% of the money. It changed about 3.9% of the portfolio this quarter.

Value

$1.5bn

Stocks

Top 10 share

82.4%

Turnover

3.9%

What changed this quarter

New

Bought for the first time this quarter.

Ishares TRIEI
<0.1% of the fund
Ishares TRSHV
<0.1% of the fund
Ishares TRSGOV
<0.1% of the fund
Ishares TRSTIP
<0.1% of the fund
Innovator Etfs TrustEBUF
<0.1% of the fund

Added

Bought more of a stock they already held.

Ishares TRGVI
1.9% of the fund
+7%
Vanguard Malvern FDSVTIP
1.7% of the fund
+3%
Spdr Series TrustSPHY
1.4% of the fund
+39%
Vanguard BD Index FDSBSV
1.0% of the fund
+7%
J P Morgan Exchange Traded FHELO
0.6% of the fund
+5%
Spdr Series TrustSHM
0.2% of the fund
+77%

Cut

Sold some of their stake.

IsharesIEMG
6.8% of the fund
-8%
Ishares TRIJR
5.6% of the fund
-5%
Flexshares TRNFRA
5.4% of the fund
-3%
J P Morgan Exchange Traded FBBRE
3.4% of the fund
-3%
Vanguard Charlotte FDSBNDX
3.3% of the fund
-33%
Abrdn EtfsBCD
2.9% of the fund
-7%
First TR Exchange-Traded FDGRID
0.6% of the fund
-15%
Ishares TRSOXX
0.6% of the fund
-28%
First TR Exchange Traded FDFTXL
0.6% of the fund
-32%
Global X FDSPAVE
0.3% of the fund
-6%

Sold out

Sold their entire stake.

Innovator Etfs TrustKDEC
-100%
Innovator Etfs TrustZJUL
-100%
Innovator Etfs TrustZDEK
-100%

Holdings

State STR Spdr S&P 500 ETF TSPY
Share
20.2%
Value
$309m
Shares
413,332
Held
Ishares TRIJH
Share
11.9%
Value
$182m
Shares
2,361,487
Held
Vanguard BD Index FDSBND
Share
10.7%
Value
$164m
Shares
2,232,018
Held
Ishares TRIEFA
Share
7.7%
Value
$118m
Shares
1,226,501
Held
IsharesIEMG
Share
6.8%
Value
$104m
Shares
1,258,604
-8%
Ishares TRIVV
Share
6.7%
Value
$102m
Shares
135,686
Held
Ishares TRIJR
Share
5.6%
Value
$86m
Shares
581,190
-5%
Flexshares TRNFRA
Share
5.4%
Value
$83m
Shares
1,293,348
-3%
New York Life Investments ETQAI
Share
3.9%
Value
$60m
Shares
1,632,407
Held
J P Morgan Exchange Traded FBBRE
Share
3.4%
Value
$53m
Shares
489,700
-3%
Vanguard Charlotte FDSBNDX
Share
3.3%
Value
$50m
Shares
1,030,814
-33%
Abrdn EtfsBCD
Share
2.9%
Value
$44m
Shares
1,290,448
-7%
Ishares TRITOT
Share
2.4%
Value
$37m
Shares
223,048
Held
Ishares TRGVI
Share
1.9%
Value
$29m
Shares
273,625
+7%
Vanguard Malvern FDSVTIP
Share
1.7%
Value
$26m
Shares
521,491
+3%
Spdr Series TrustSPHY
Share
1.4%
Value
$21m
Shares
885,285
+39%
Vanguard BD Index FDSBSV
Share
1.0%
Value
$15m
Shares
192,591
+7%
First TR Exchange-Traded FDGRID
Share
0.6%
Value
$9m
Shares
46,566
-15%
Ishares TRSOXX
Share
0.6%
Value
$9m
Shares
13,740
-28%
J P Morgan Exchange Traded FHELO
Share
0.6%
Value
$9m
Shares
128,528
+5%
First TR Exchange Traded FDFTXL
Share
0.6%
Value
$9m
Shares
29,839
-32%
Global X FDSPAVE
Share
0.3%
Value
$4m
Shares
73,952
-6%
Spdr Series TrustSHM
Share
0.2%
Value
$2m
Shares
48,194
+77%
J P Morgan Exchange Traded FBBCA
Share
0.1%
Value
$2m
Shares
18,126
Held
Ishares TRIEI
Share
<0.1%
Value
$860,555
Shares
7,328
New
Ishares TRSHV
Share
<0.1%
Value
$835,715
Shares
7,574
New
NvidiaNVDA
Share
<0.1%
Value
$400,180
Shares
2,000
Held
Invesco Exch TRD SLF IDX FDBSJW
Share
<0.1%
Value
$258,177
Shares
10,237
Held
J P Morgan Exchange Traded FHOLA
Share
<0.1%
Value
$253,791
Shares
4,584
Held
Ishares TRIBHF
Share
<0.1%
Value
$243,679
Shares
10,756
Held
Ishares TRSGOV
Share
<0.1%
Value
$216,651
Shares
2,152
New
Ishares TRSTIP
Share
<0.1%
Value
$213,144
Shares
2,088
New
Invesco Exch TRD SLF IDX FDBSJU
Share
<0.1%
Value
$212,061
Shares
8,229
Held
Ishares TRIGSB
Share
<0.1%
Value
$196,452
Shares
3,750
Held
Invesco Exch TRD SLF IDX FDBSJV
Share
<0.1%
Value
$196,230
Shares
7,504
Held
Innovator Etfs TrustIDEC
Share
<0.1%
Value
$185,949
Shares
5,418
Held
Innovator Etfs TrustBALT
Share
<0.1%
Value
$177,999
Shares
5,198
Held
Ishares TRIBHI
Share
<0.1%
Value
$162,241
Shares
6,956
Held
Invesco Exch TRD SLF IDX FDBSJS
Share
<0.1%
Value
$160,368
Shares
7,373
Held
Invesco Exch TRD SLF IDX FDBSJR
Share
<0.1%
Value
$122,703
Shares
5,490
Held
Innovator Etfs TrustEBUF
Share
<0.1%
Value
$88,443
Shares
2,781
New

Company	Share of fund	Value	Shares	Change
State STR Spdr S&P 500 ETF TSPY	20.2%	$309m	413,332	Held
Ishares TRIJH	11.9%	$182m	2,361,487	Held
Vanguard BD Index FDSBND	10.7%	$164m	2,232,018	Held
Ishares TRIEFA	7.7%	$118m	1,226,501	Held
IsharesIEMG	6.8%	$104m	1,258,604	-8%
Ishares TRIVV	6.7%	$102m	135,686	Held
Ishares TRIJR	5.6%	$86m	581,190	-5%
Flexshares TRNFRA	5.4%	$83m	1,293,348	-3%
New York Life Investments ETQAI	3.9%	$60m	1,632,407	Held
J P Morgan Exchange Traded FBBRE	3.4%	$53m	489,700	-3%
Vanguard Charlotte FDSBNDX	3.3%	$50m	1,030,814	-33%
Abrdn EtfsBCD	2.9%	$44m	1,290,448	-7%
Ishares TRITOT	2.4%	$37m	223,048	Held
Ishares TRGVI	1.9%	$29m	273,625	+7%
Vanguard Malvern FDSVTIP	1.7%	$26m	521,491	+3%
Spdr Series TrustSPHY	1.4%	$21m	885,285	+39%
Vanguard BD Index FDSBSV	1.0%	$15m	192,591	+7%
First TR Exchange-Traded FDGRID	0.6%	$9m	46,566	-15%
Ishares TRSOXX	0.6%	$9m	13,740	-28%
J P Morgan Exchange Traded FHELO	0.6%	$9m	128,528	+5%
First TR Exchange Traded FDFTXL	0.6%	$9m	29,839	-32%
Global X FDSPAVE	0.3%	$4m	73,952	-6%
Spdr Series TrustSHM	0.2%	$2m	48,194	+77%
J P Morgan Exchange Traded FBBCA	0.1%	$2m	18,126	Held
Ishares TRIEI	<0.1%	$860,555	7,328	New
Ishares TRSHV	<0.1%	$835,715	7,574	New
NvidiaNVDA	<0.1%	$400,180	2,000	Held
Invesco Exch TRD SLF IDX FDBSJW	<0.1%	$258,177	10,237	Held
J P Morgan Exchange Traded FHOLA	<0.1%	$253,791	4,584	Held
Ishares TRIBHF	<0.1%	$243,679	10,756	Held
Ishares TRSGOV	<0.1%	$216,651	2,152	New
Ishares TRSTIP	<0.1%	$213,144	2,088	New
Invesco Exch TRD SLF IDX FDBSJU	<0.1%	$212,061	8,229	Held
Ishares TRIGSB	<0.1%	$196,452	3,750	Held
Invesco Exch TRD SLF IDX FDBSJV	<0.1%	$196,230	7,504	Held
Innovator Etfs TrustIDEC	<0.1%	$185,949	5,418	Held
Innovator Etfs TrustBALT	<0.1%	$177,999	5,198	Held
Ishares TRIBHI	<0.1%	$162,241	6,956	Held
Invesco Exch TRD SLF IDX FDBSJS	<0.1%	$160,368	7,373	Held
Invesco Exch TRD SLF IDX FDBSJR	<0.1%	$122,703	5,490	Held
Innovator Etfs TrustEBUF	<0.1%	$88,443	2,781	New

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 18.6% since 30 June 2025.

Where the money is

Technology0.0%

Other100.0%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.