Alaska Permanent Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Alaska Permanent Capital Management, LLC reported 34 stock positions worth $1.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 20.9% of the portfolio, followed by Vanguard Total Bond Market (BND, 11.2%) and iShares Core S&P Midcap ETF (IJH, 11.0%). Compared with Q4 2024, it opened 5 new positions, sold out of 12, added to 9 and reduced 13. The biggest buy was Nylim HDG MLT-STR TRC ETF-Ui (QAI, shares +119%) and the biggest sale an exit from Core Alternative ETF (CCOR).
- Most Recent 13F
- Q2 2026
- Location
- ANCHORAGE, AK
- CIK
- 0001426771
- Portfolio Value
- $1.2B (Q1 2025)
- SEC Filing
- 0001398344-25-008404 ↗ filed May 1, 2025
Holdings Value
Holdings 34 stocks · $1.2B
| SPY SS SPDR S&P 500 ETF Trust-US | 20.94% | 444,257 | $248.4M | Reduce -1.0% |
| BND Vanguard Total Bond Market | 11.20% | 1,809,445 | $132.9M | Reduce -1.8% |
| IJH iShares Core S&P Midcap ETF | 11.00% | 2,238,001 | $130.5M | Reduce -2.9% |
| IEFA iShares Core MSCI Eafe ETF | 7.94% | 1,246,118 | $94.2M | Reduce -15.1% |
| NFRA NT GLBL BRD Infra ETF | 6.11% | 1,258,776 | $72.4M | Add +7.8% |
| IEMG iShares Core MSCI Emerging | 5.89% | 1,295,819 | $69.8M | Add +4.4% |
| BNDX Vanguard Total Intl Bond ETF | 5.28% | 1,284,489 | $62.6M | Reduce -8.6% |
| IVV iShares Core S&P 500 ETF | 5.24% | 110,635 | $62.1M | Reduce -13.8% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 3.93% | 1,488,474 | $46.6M | Add +119.4% |
| IJR iShares Core S&P Small-Cap E | 3.86% | 438,069 | $45.8M | Reduce -21.3% |
| BBRE JPM Betabldrs MSCI US REIT filed as J P MORGAN EXCHANGE TRADED F | 3.77% | 475,983 | $44.8M | Add +8.8% |
| CMDY iShares Bloomberg Roll Selec | 2.87% | 656,434 | $34.0M | Reduce -13.8% |
| ITOT iShares Core S&P Total U.S. | 2.47% | 240,329 | $29.3M | Reduce -2.2% |
| GVI iShares Intermediate Governm | 1.79% | 200,416 | $21.2M | Add +1.7% |
| VTIP Vanguard Short-Term Tips | 1.75% | 417,364 | $20.8M | Reduce -11.1% |
| EUFN iShares MSCI Europe Financia | 1.45% | 606,579 | $17.3M | New |
| EWJ iShares MSCI Japan ETF | 1.24% | 214,764 | $14.7M | Add +12.4% |
| XSHQ Invesco S&P Smallcap Quality | 1.09% | 326,650 | $12.9M | New |
| BSV Vanguard Short-Term Bond ETF | 1.01% | 153,647 | $12.0M | Add +4.6% |
| IAU iShares Gold Trust | 0.62% | 125,736 | $7.4M | New |
| SHM SS SPDR N Ice St Muni ETF | 0.19% | 46,871 | $2.2M | Add +3.9% |
| SPIB SS SPDR P Int C Corp. ETF | 0.14% | 51,646 | $1.7M | Add +3.0% |
| BBCA JPMorgan Betabuilders Canada | 0.11% | 18,510 | $1.3M | Reduce -3.9% |
| IBHF iShares Ibond 2026 HY & Inc. | 0.02% | 10,033 | $232K | New |
| NVDA Nvidia Corp. | 0.02% | 2,000 | $217K | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.02% | 3,750 | $196K | No change |
| JEPI JPMorgan Equity Premium Inco | 0.01% | 2,690 | $154K | No change |
| IVVW iShares S&P 500 Buywrite ETF | 0.01% | 2,425 | $113K | No change |
| IWMW iShares Russell 2000 Buywrit | 0.01% | 2,507 | $102K | No change |
| IBHI iShares Ibonds 2029 TM HY Inc. | 0.00% | 2,473 | $57K | New |
| EMB iShares JP Morgan Usd Emergi | 0.00% | 625 | $56K | No change |
| IWS iShares Russell Mid-Cap Valu | 0.00% | 55 | $7K | Reduce -42.7% |
| IWP iShares Russell Mid-Cap Grow | 0.00% | 56 | $7K | Reduce -34.9% |
| SPHY SS SPDR P High Yield ETF | 0.00% | 12 | $281 | No change |
Portfolio Sells Q4 2024 → Q1 2025
| CCOR Core Alternative ETF | Sold out | 0.00% | −1.61 |
| IJR iShares Core S&P Small-Cap E | Reduce -21.3% | 3.86% | −1.40 |
| IVV iShares Core S&P 500 ETF | Reduce -13.8% | 5.24% | −0.97 |
| IJH iShares Core S&P Midcap ETF | Reduce -2.9% | 11.00% | −0.79 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.0% | 20.94% | −0.67 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -15.1% | 7.94% | −0.54 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -8.6% | 5.28% | −0.38 |
| IVW iShares S&P 500 Growth ETF | Sold out | 0.00% | −0.36 |
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −0.32 |
| IWB iShares Russell 1000 ETF | Sold out | 0.00% | −0.23 |
| ITOT iShares Core S&P Total U.S. | Reduce -2.2% | 2.47% | −0.12 |
| VTIP Vanguard Short-Term Tips | Reduce -11.1% | 1.75% | −0.11 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.11 |
| CMDY iShares Bloomberg Roll Selec | Reduce -13.8% | 2.87% | −0.11 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.10 |
| SPHQ Invesco S&P 500 Quality ETF | Sold out | 0.00% | −0.06 |
| INDS Pacer Industrial Real Estate | Sold out | 0.00% | −0.02 |
| BSJP Invesco Bulletshares 2025 HY | Sold out | 0.00% | −0.01 |
| BSJR Invesco Bulletshares 2027 HY | Sold out | 0.00% | −0.01 |
| XMHQ Invesco S&P Midcap Qual ETF | Sold out | 0.00% | −0.00 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Sold out | 0.00% | −0.00 |
| IWS iShares Russell Mid-Cap Valu | Reduce -42.7% | 0.00% | −0.00 |
| IWP iShares Russell Mid-Cap Grow | Reduce -34.9% | 0.00% | −0.00 |
| BBCA JPMorgan Betabuilders Canada | Reduce -3.9% | 0.11% | −0.00 |
| BND Vanguard Total Bond Market | Reduce -1.8% | 11.20% | +0.31 |
Portfolio Buys Q4 2024 → Q1 2025
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Add +119.4% | 3.93% | +2.18 |
| EUFN iShares MSCI Europe Financia | New | 1.45% | +1.45 |
| XSHQ Invesco S&P Smallcap Quality | New | 1.09% | +1.09 |
| NFRA NT GLBL BRD Infra ETF | Add +7.8% | 6.11% | +0.90 |
| IAU iShares Gold Trust | New | 0.62% | +0.62 |
| IEMG iShares Core MSCI Emerging | Add +4.4% | 5.89% | +0.54 |
| BBRE JPM Betabldrs MSCI US REIT | Add +8.8% | 3.77% | +0.41 |
| EWJ iShares MSCI Japan ETF | Add +12.4% | 1.24% | +0.19 |
| GVI iShares Intermediate Governm | Add +1.7% | 1.79% | +0.10 |
| BSV Vanguard Short-Term Bond ETF | Add +4.6% | 1.01% | +0.08 |
| IBHF iShares Ibond 2026 HY & Inc. | New | 0.02% | +0.02 |
| SHM SS SPDR N Ice St Muni ETF | Add +3.9% | 0.19% | +0.01 |
| SPIB SS SPDR P Int C Corp. ETF | Add +3.0% | 0.14% | +0.01 |
| IBHI iShares Ibonds 2029 TM HY Inc. | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 41 | $1.5B | SPY, IJH, BND, IEFA, IEMG |
| Q1 2026 | 39 | $1.4B | SPY, BND, IJH, IEFA, IEMG |
| Q4 2025 | 41 | $1.3B | SPY, IJH, BND, IEFA, IEMG |
| Q3 2025 | 43 | $1.4B | SPY, IJH, BND, IEFA, IEMG |
| Q2 2025 | 38 | $1.3B | SPY, IJH, BND, IEFA, IEMG |
| Q1 2025 | 34 | $1.2B | SPY, BND, IJH, IEFA, NFRA |
| Q4 2024 | 41 | $1.2B | SPY, IJH, BND, IEFA, IVV |
| Q3 2024 | 41 | $1.3B | SPY, IJH, BND, IEFA, IEMG |
| Q2 2024 | 34 | $1.2B | SPY, BND, IJH, IEFA, BNDX |
| Q1 2024 | 42 | $1.3B | SPY, BND, IJH, IEFA, BNDX |