Permanent Capital Management, LP
CHICAGO, IL
$747m in 211 US stocks at the end of 30 June 2026. The top 10 are 77.8% of the money. It changed about 14.2% of the portfolio this quarter.
Value
$747m
Stocks
211
Top 10 share
77.8%
Turnover
14.2%
What changed this quarter
New
Bought for the first time this quarter.
- Valued Advisers TREQTY0.5% of the fund
- Ishares TROEF0.2% of the fund
- Howard Hughes HoldingsHHH0.1% of the fund
- QXOQXO0.1% of the fund
- Honeywell InternationalHON0.1% of the fund
- Honeywell AerospaceHONA0.1% of the fund
- ImmuneeringIMRX0.1% of the fund
- Micron TechnologyMU<0.1% of the fund
- Smurfit WestrockSW<0.1% of the fund
- Wisdomtree TRDGRW<0.1% of the fund
- Vanguard World FDVGT<0.1% of the fund
- Dimensional ETF TrustDFIV<0.1% of the fund
- Advanced Micro DevicesAMD<0.1% of the fund
- Roundhill ETF TrustDRAM<0.1% of the fund
- TimkenTKR<0.1% of the fund
- Cal-Maine FoodsCALM<0.1% of the fund
- Vanguard Index FDSVUG<0.1% of the fund
- Snap-onSNA<0.1% of the fund
- CareTrust REITCTRE<0.1% of the fund
- Old Republic InternationalORI<0.1% of the fund
- RPM InternationalRPM<0.1% of the fund
- Palo Alto NetworksPANW<0.1% of the fund
- Invesco Exchange Traded FD TPRF<0.1% of the fund
- Cisco SystemsCSCO<0.1% of the fund
- GarminGRMN<0.1% of the fund
Added
Bought more of a stock they already held.
- Vanguard Intl Equity Index FVT24.4% of the fund+80%
- Vanguard Index FDSVOO23.3% of the fund+3%
- Vanguard Index FDSVTI1.3% of the fund+17%
- Expand EnergyEXE0.3% of the fund+19%
- Quest DiagnosticsDGX0.3% of the fund+171%
- CadizCDZI0.3% of the fund+13%
- O-I GlassOI0.2% of the fund+135%
- Alaska Air GroupALK0.2% of the fund+86%
- BroadcomAVGO0.2% of the fund+4%
- Johnson & JohnsonJNJ0.2% of the fund+5%
- Vanguard Index FDSVTV0.2% of the fund+476%
- Meta PlatformsMETA0.2% of the fund+4%
- International Business MachinesIBM0.2% of the fund+134%
- Vanguard Star FDSVXUS0.2% of the fund+75%
- Costco WholesaleCOST0.1% of the fund+9%
- IntelINTC0.1% of the fund+66%
- Cardinal HealthCAH0.1% of the fund+57%
- CorningGLW<0.1% of the fund+64%
- Verizon CommunicationsVZ<0.1% of the fund+9%
- TeslaTSLA<0.1% of the fund+73%
- Lam ResearchLRCX<0.1% of the fund+19%
- Taiwan Semiconductor ManufacturingTSM<0.1% of the fund+5%
- Digital Realty TrustDLR<0.1% of the fund+45%
- Cannae HoldingsCNNE<0.1% of the fund+38%
- Hewlett Packard EnterpriseHPE<0.1% of the fund+11%
Cut
Sold some of their stake.
- CaterpillarCAT0.8% of the fund-3%
- Aurora InnovationAUR0.6% of the fund-55%
- Kimberly-ClarkKMB0.3% of the fund-15%
- Invesco Exchange Traded FD TRSP0.3% of the fund-92%
- MGM Resorts InternationalMGM0.2% of the fund-11%
- Ishares TRIWM0.2% of the fund-5%
- Pg&ePCG0.1% of the fund-32%
- BWX TechnologiesBWXT<0.1% of the fund-4%
- VisaV<0.1% of the fund-17%
- Becton DickinsonBDX<0.1% of the fund-9%
- WatersWAT<0.1% of the fund-5%
- Berkshire HathawayBRK-B<0.1% of the fund-28%
- ServiceNowNOW<0.1% of the fund-58%
- S&P GlobalSPGI<0.1% of the fund-4%
- RedditRDDT<0.1% of the fund-5%
- Howmet AerospaceHWM<0.1% of the fund-18%
- Ishares TRISHG<0.1% of the fund-24%
- Sprott Asset Management LPPSLV<0.1% of the fund-6%
- Live Nation EntertainmentLYV<0.1% of the fund-12%
- FortinetFTNT<0.1% of the fund-41%
- Spotify TechnologySPOT<0.1% of the fund-4%
- Ishares TRFXI<0.1% of the fund-8%
- JBSJBS<0.1% of the fund-34%
- SL Green RealtySLG<0.1% of the fund-71%
- Intercontinental ExchangeICE<0.1% of the fund-18%
Sold out
Sold their entire stake.
- Vanguard Index FDSVB-100%
- Fidelity Covington TrustFDVV-100%
- Vail ResortsMTN-100%
- Fidelity Merrimack STR TRFBND-100%
- CRH PublicCRH-100%
- Intuitive SurgicalISRG-100%
- Ishares TRQUAL-100%
- BrookfieldBN-100%
- Thermo Fisher ScientificTMO-100%
- Golub Capital BDCGBDC-100%
Holdings
- Vanguard Intl Equity Index FVT
- Share
- 24.4%
- Value
- $182m
- Shares
- 1,160,445
+80%
- Vanguard Index FDSVOO
- Share
- 23.3%
- Value
- $174m
- Shares
- 253,227
+3%
- Ishares TRAGG
- Share
- 8.6%
- Value
- $64m
- Shares
- 651,553
Held
- Vanguard Tax-Managed FDSVEA
- Share
- 6.4%
- Value
- $48m
- Shares
- 675,379
Held
- Vanguard Scottsdale FDSVGIT
- Share
- 4.7%
- Value
- $35m
- Shares
- 600,884
Held
- Vanguard Intl Equity Index FVWO
- Share
- 2.3%
- Value
- $17m
- Shares
- 292,236
Held
- Wisdomtree TRUSFR
- Share
- 1.9%
- Value
- $14m
- Shares
- 278,781
Held
- Vanguard Index FDSVTI
- Share
- 1.3%
- Value
- $9m
- Shares
- 25,411
+17%
- Ishares TRACWI
- Share
- 1.2%
- Value
- $9m
- Shares
- 54,862
Held
- Spdr Series TrustSPTL
- Share
- 1.0%
- Value
- $7m
- Shares
- 278,085
Held
- Ishares TRIWF
- Share
- 0.6%
- Value
- $4m
- Shares
- 35,109
Held
- Valued Advisers TREQTY
- Share
- 0.5%
- Value
- $4m
- Shares
- 138,184
New
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.4%
- Value
- $3m
- Shares
- 4,185
Held
- Spdr Gold TRGLD
- Share
- 0.4%
- Value
- $3m
- Shares
- 8,157
Held
- Invesco Exchange Traded FD TRSP
- Share
- 0.3%
- Value
- $2m
- Shares
- 8,945
-92%
- Vanguard Index FDSVTV
- Share
- 0.2%
- Value
- $1m
- Shares
- 6,480
+476%
- Teck ResourcesTECK
- Share
- 0.2%
- Value
- $1m
- Shares
- 21,526
Held
- Ishares TRIWM
- Share
- 0.2%
- Value
- $1m
- Shares
- 4,007
-5%
- Vanguard Star FDSVXUS
- Share
- 0.2%
- Value
- $1m
- Shares
- 13,986
+75%
- Ishares TROEF
- Share
- 0.2%
- Value
- $1m
- Shares
- 3,149
New
- UnileverUL
- Share
- 0.1%
- Value
- $1m
- Shares
- 17,648
Held
- Invesco QQQ TRQQQ
- Share
- 0.1%
- Value
- $1m
- Shares
- 1,423
Held
- Invesco Exch Traded FD TR IIKBWB
- Share
- 0.1%
- Value
- $811,343
- Shares
- 8,726
Held
- Honeywell AerospaceHONA
- Share
- 0.1%
- Value
- $761,597
- Shares
- 3,445
New
- Ishares TREFA
- Share
- <0.1%
- Value
- $690,594
- Shares
- 6,648
Held
- Wisdomtree TRDGRW
- Share
- <0.1%
- Value
- $549,315
- Shares
- 5,745
New
- Vanguard World FDVGT
- Share
- <0.1%
- Value
- $532,806
- Shares
- 4,458
New
- Dimensional ETF TrustDFIV
- Share
- <0.1%
- Value
- $522,374
- Shares
- 9,670
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Vanguard Intl Equity Index FVT | 24.4% | $182m | 1,160,445 | +80% |
| Vanguard Index FDSVOO | 23.3% | $174m | 253,227 | +3% |
| Ishares TRAGG | 8.6% | $64m | 651,553 | Held |
| Vanguard Tax-Managed FDSVEA | 6.4% | $48m | 675,379 | Held |
| Vanguard Scottsdale FDSVGIT | 4.7% | $35m | 600,884 | Held |
| MicrosoftMSFT | 3.6% | $27m | 73,008 | Held |
| Vanguard Intl Equity Index FVWO | 2.3% | $17m | 292,236 | Held |
| Wisdomtree TRUSFR | 1.9% | $14m | 278,781 | Held |
| Vanguard Index FDSVTI | 1.3% | $9m | 25,411 | +17% |
| Ishares TRACWI | 1.2% | $9m | 54,862 | Held |
| Spdr Series TrustSPTL | 1.0% | $7m | 278,085 | Held |
| CaterpillarCAT | 0.8% | $6m | 5,465 | -3% |
| NvidiaNVDA | 0.6% | $5m | 23,070 | Held |
| Ishares TRIWF | 0.6% | $4m | 35,109 | Held |
| AppleAAPL | 0.6% | $4m | 14,538 | Held |
| Aurora InnovationAUR | 0.6% | $4m | 603,200 | -55% |
| Amazon.comAMZN | 0.5% | $4m | 16,652 | Held |
| Valued Advisers TREQTY | 0.5% | $4m | 138,184 | New |
| AlphabetGOOGL | 0.5% | $4m | 10,023 | Held |
| UBS Group AGUBS | 0.4% | $3m | 64,477 | Held |
| State STR Spdr S&P 500 ETF TSPY | 0.4% | $3m | 4,185 | Held |
| Bank of New York MellonBNY | 0.4% | $3m | 20,794 | Held |
| Spdr Gold TRGLD | 0.4% | $3m | 8,157 | Held |
| Expand EnergyEXE | 0.3% | $2m | 26,635 | +19% |
| Kimberly-ClarkKMB | 0.3% | $2m | 20,522 | -15% |
| Quest DiagnosticsDGX | 0.3% | $2m | 10,706 | +171% |
| CadizCDZI | 0.3% | $2m | 537,680 | +13% |
| Union PacificUNP | 0.3% | $2m | 7,913 | Held |
| AlphabetGOOG | 0.3% | $2m | 5,939 | Held |
| Invesco Exchange Traded FD TRSP | 0.3% | $2m | 8,945 | -92% |
| O-I GlassOI | 0.2% | $2m | 186,778 | +135% |
| LoewsL | 0.2% | $2m | 15,454 | Held |
| Alaska Air GroupALK | 0.2% | $2m | 33,099 | +86% |
| BroadcomAVGO | 0.2% | $2m | 4,072 | +4% |
| Johnson & JohnsonJNJ | 0.2% | $2m | 6,055 | +5% |
| Golar LNGGLNG | 0.2% | $1m | 28,796 | Held |
| Vanguard Index FDSVTV | 0.2% | $1m | 6,480 | +476% |
| Capital One FinancialCOF | 0.2% | $1m | 6,859 | Held |
| MGM Resorts InternationalMGM | 0.2% | $1m | 28,463 | -11% |
| Meta PlatformsMETA | 0.2% | $1m | 2,410 | +4% |
| Teck ResourcesTECK | 0.2% | $1m | 21,526 | Held |
| International Business MachinesIBM | 0.2% | $1m | 4,298 | +134% |
| Ishares TRIWM | 0.2% | $1m | 4,007 | -5% |
| Vanguard Star FDSVXUS | 0.2% | $1m | 13,986 | +75% |
| WalmartWMT | 0.2% | $1m | 10,383 | Held |
| MarinemaxHZO | 0.2% | $1m | 31,474 | Held |
| Ishares TROEF | 0.2% | $1m | 3,149 | New |
| Axis Capital HoldingsAXS | 0.1% | $1m | 10,053 | Held |
| UnileverUL | 0.1% | $1m | 17,648 | Held |
| Northern TrustNTRS | 0.1% | $1m | 6,011 | Held |
| Invesco QQQ TRQQQ | 0.1% | $1m | 1,423 | Held |
| JPMorgan ChaseJPM | 0.1% | $1m | 3,158 | Held |
| Coca-ColaKO | 0.1% | $1m | 12,263 | Held |
| General MotorsGM | 0.1% | $975,216 | 12,652 | Held |
| American International GroupAIG | 0.1% | $959,052 | 12,868 | Held |
| DeereDE | 0.1% | $940,570 | 1,479 | Held |
| Costco WholesaleCOST | 0.1% | $926,045 | 990 | +9% |
| AbbVieABBV | 0.1% | $911,485 | 3,622 | Held |
| BrunswickBC | 0.1% | $903,895 | 10,730 | Held |
| Applied MaterialsAMAT | 0.1% | $891,459 | 1,233 | Held |
| BoeingBA | 0.1% | $870,426 | 4,021 | Held |
| CitigroupC | 0.1% | $862,154 | 6,160 | Held |
| Howard Hughes HoldingsHHH | 0.1% | $857,880 | 12,000 | New |
| QXOQXO | 0.1% | $855,811 | 49,526 | New |
| IntelINTC | 0.1% | $842,248 | 6,032 | +66% |
| Cardinal HealthCAH | 0.1% | $811,960 | 3,418 | +57% |
| Invesco Exch Traded FD TR IIKBWB | 0.1% | $811,343 | 8,726 | Held |
| PrologisPLD | 0.1% | $798,189 | 5,892 | Held |
| Life360LIF | 0.1% | $793,198 | 14,328 | Held |
| Honeywell InternationalHON | 0.1% | $771,311 | 3,445 | New |
| Pg&ePCG | 0.1% | $767,800 | 45,577 | -32% |
| Honeywell AerospaceHONA | 0.1% | $761,597 | 3,445 | New |
| Primo BrandsPRMB | 0.1% | $749,697 | 30,675 | Held |
| ImmuneeringIMRX | 0.1% | $748,500 | 150,000 | New |
| CorningGLW | <0.1% | $739,821 | 2,896 | +64% |
| BWX TechnologiesBWXT | <0.1% | $737,529 | 3,789 | -4% |
| Verizon CommunicationsVZ | <0.1% | $709,016 | 16,746 | +9% |
| ExxonMobil HoldingsXOM | <0.1% | $707,799 | 5,177 | Held |
| Ishares TREFA | <0.1% | $690,594 | 6,648 | Held |
| NextEra EnergyNEE | <0.1% | $685,484 | 7,810 | Held |
| BPBP | <0.1% | $680,949 | 18,429 | Held |
| Bank of AmericaBAC | <0.1% | $679,714 | 11,929 | Held |
| VisaV | <0.1% | $656,331 | 1,913 | -17% |
| NewsNWSA | <0.1% | $654,544 | 26,361 | Held |
| Eli LillyLLY | <0.1% | $652,490 | 544 | Held |
| Becton DickinsonBDX | <0.1% | $647,238 | 4,277 | -9% |
| TeslaTSLA | <0.1% | $641,415 | 1,525 | +73% |
| Butterfly NetworkBFLY | <0.1% | $631,500 | 75,000 | Held |
| ProgressivePGR | <0.1% | $630,884 | 2,888 | Held |
| Micron TechnologyMU | <0.1% | $626,058 | 542 | New |
| Smurfit WestrockSW | <0.1% | $557,942 | 12,061 | New |
| FermiFRMI | <0.1% | $549,600 | 60,000 | Held |
| Wisdomtree TRDGRW | <0.1% | $549,315 | 5,745 | New |
| Marsh & McLennan CompaniesMRSH | <0.1% | $542,011 | 3,252 | Held |
| Vanguard World FDVGT | <0.1% | $532,806 | 4,458 | New |
| Lam ResearchLRCX | <0.1% | $532,015 | 1,227 | +19% |
| Dimensional ETF TrustDFIV | <0.1% | $522,374 | 9,670 | New |
| Advanced Micro DevicesAMD | <0.1% | $491,450 | 846 | New |
| WatersWAT | <0.1% | $490,552 | 1,308 | -5% |
| Taiwan Semiconductor ManufacturingTSM | <0.1% | $485,476 | 1,015 | +5% |
Showing the largest 100 of 211.
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 39.6% since 30 September 2025.
Where the money is
Technology6.9%
Financial services2.8%
Industrials2.7%
Retail & consumer1.7%
Health care1.4%
Media & telecom1.3%
Everyday goods1.0%
Energy0.8%
Utilities0.8%
Materials0.7%
Real estate0.5%
Other79.5%
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.