Alaska Permanent Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Alaska Permanent Capital Management, LLC reported 41 stock positions worth $1.3 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 20.9% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 11.1%) and Vanguard Total Bond Market (BND, 10.5%). Compared with Q3 2025, it opened 3 new positions, sold out of 5, added to 10 and reduced 19. The biggest buy was iShares Core S&P Small-Cap E (IJR, shares +6%) and the biggest sale Global X Cybersecurity ETF (BUG, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- ANCHORAGE, AK
- CIK
- 0001426771
- Portfolio Value
- $1.3B (Q4 2025)
- SEC Filing
- 0001398344-26-003005 ↗ filed Feb 13, 2026
Holdings Value
Holdings 41 stocks · $1.3B
| SPY SS SPDR S&P 500 ETF Trust-US | 20.94% | 405,516 | $276.5M | Reduce -4.5% |
| IJH iShares Core S&P Midcap ETF | 11.10% | 2,220,425 | $146.6M | Reduce -3.3% |
| BND Vanguard Total Bond Market | 10.54% | 1,877,846 | $139.1M | Add +0.9% |
| IEFA iShares Core MSCI Eafe ETF | 9.92% | 1,466,169 | $130.9M | Reduce -2.9% |
| IEMG iShares Core MSCI Emerging | 5.80% | 1,138,722 | $76.6M | Reduce -3.8% |
| IVV iShares Core S&P 500 ETF | 5.45% | 104,995 | $71.9M | Reduce -1.7% |
| IJR iShares Core S&P Small-Cap E | 5.28% | 579,549 | $69.7M | Add +6.3% |
| NFRA NT GLBL BRD Infra ETF | 5.00% | 1,092,039 | $65.9M | Reduce -4.1% |
| BNDX Vanguard Total Intl Bond ETF | 4.93% | 1,345,411 | $65.0M | Reduce -1.6% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 3.74% | 1,472,945 | $49.4M | Reduce -4.4% |
| BBRE JPM Betabldrs MSCI US REIT filed as J P MORGAN EXCHANGE TRADED F | 3.46% | 493,847 | $45.7M | Reduce -3.0% |
| BCD Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 2.76% | 1,176,709 | $36.4M | Reduce -4.7% |
| ITOT iShares Core S&P Total U.S. | 2.59% | 229,579 | $34.1M | Add +0.1% |
| GVI iShares Intermediate Governm | 2.02% | 249,057 | $26.7M | Add +1.0% |
| VTIP Vanguard Short-Term Tips | 1.64% | 437,746 | $21.6M | Reduce -0.5% |
| BSV Vanguard Short-Term Bond ETF | 1.03% | 172,491 | $13.6M | Add +3.0% |
| SPHY SS SPDR P High Yield ETF | 0.99% | 553,396 | $13.1M | Reduce -2.9% |
| SOXX iShares Semiconductor ETF | 0.94% | 41,267 | $12.4M | Reduce -33.9% |
| GRID First TRST Nasd Class Edg Sgiif | 0.59% | 50,901 | $7.8M | Reduce -1.5% |
| HELO JPMorgan Hedged Equity ETF | 0.56% | 111,550 | $7.4M | Reduce -4.4% |
| DTCR Global X Data Center & Digit | 0.29% | 179,888 | $3.8M | Reduce -2.1% |
| BBCA JPMorgan Betabuilders Canada | 0.13% | 18,284 | $1.7M | No change |
| SHM SS SPDR N Ice St Muni ETF | 0.10% | 27,260 | $1.3M | No change |
| NVDA Nvidia Corp. | 0.03% | 2,000 | $373K | No change |
| IBHF iShares Ibond 2026 HY & Inc. | 0.02% | 10,494 | $242K | Add +2.3% |
| HOLA JPM Intll HDG Eq LDDR Ovrly filed as J P MORGAN EXCHANGE TRADED F | 0.02% | 4,584 | $240K | Add +3.0% |
| BSJU Invesco Bulletshares 2030 HY | 0.02% | 8,229 | $215K | No change |
| BSJV Invesco Bulletshares 2031 HY | 0.02% | 7,504 | $200K | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.01% | 3,750 | $198K | No change |
| IDEC Inno Int Dev Power Buff Dec | 0.01% | 5,418 | $175K | New |
| BALT Inn Defined Wealth Shield | 0.01% | 5,198 | $174K | No change |
| KDEC Inn US SML Cap P B ETF - Dec | 0.01% | 6,771 | $174K | New |
| ZJUL Innovator Edp ETF 1 YR July | 0.01% | 5,915 | $172K | No change |
| IBHI iShares Ibonds 2029 TM HY Inc. | 0.01% | 6,768 | $159K | Add +2.2% |
| BSJS Invesco Bulletshares 2028 HY | 0.01% | 7,157 | $157K | Add +1.6% |
| BUG Global X Cybersecurity ETF | 0.01% | 4,535 | $138K | Reduce -97.8% |
| BSJR Invesco Bulletshares 2027 HY | 0.01% | 5,346 | $121K | Add +1.5% |
| ZDEK Inno Equ Def Pro ETF - 1 DE | 0.01% | 3,830 | $99K | New |
| EMB iShares JP Morgan Usd Emergi | 0.00% | 625 | $60K | No change |
| IWS iShares Russell Mid-Cap Valu | 0.00% | 54 | $8K | Reduce -1.8% |
| IWP iShares Russell Mid-Cap Grow | 0.00% | 55 | $8K | Reduce -1.8% |
Portfolio Sells Q3 2025 → Q4 2025
| BUG Global X Cybersecurity ETF | Reduce -97.8% | 0.01% | −0.52 |
| BCD Abrdn Bloomberg All Commodit | Reduce -4.7% | 2.76% | −0.36 |
| SOXX iShares Semiconductor ETF | Reduce -33.9% | 0.94% | −0.31 |
| NFRA NT GLBL BRD Infra ETF | Reduce -4.1% | 5.00% | −0.28 |
| SPIB SS SPDR P Int C Corp. ETF | Sold out | 0.00% | −0.14 |
| BBRE JPM Betabldrs MSCI US REIT | Reduce -3.0% | 3.46% | −0.12 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Reduce -4.4% | 3.74% | −0.07 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -1.6% | 4.93% | −0.04 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.03 |
| XSHQ Invesco S&P Smallcap Quality | Sold out | 0.00% | −0.02 |
| SPHY SS SPDR P High Yield ETF | Reduce -2.9% | 0.99% | −0.01 |
| RYLD Global X Russell 2000 Cov Class | Sold out | 0.00% | −0.01 |
| JEPI JPMorgan Equity Premium Inco | Sold out | 0.00% | −0.01 |
| IWS iShares Russell Mid-Cap Valu | Reduce -1.8% | 0.00% | 0.00 |
| IWP iShares Russell Mid-Cap Grow | Reduce -1.8% | 0.00% | 0.00 |
| VTIP Vanguard Short-Term Tips | Reduce -0.5% | 1.64% | +0.00 |
| HELO JPMorgan Hedged Equity ETF | Reduce -4.4% | 0.56% | +0.00 |
| DTCR Global X Data Center & Digit | Reduce -2.1% | 0.29% | +0.01 |
| GRID First TRST Nasd Class Edg Sgiif | Reduce -1.5% | 0.59% | +0.02 |
| IEMG iShares Core MSCI Emerging | Reduce -3.8% | 5.80% | +0.08 |
| IJH iShares Core S&P Midcap ETF | Reduce -3.3% | 11.10% | +0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.5% | 20.94% | +0.14 |
| IVV iShares Core S&P 500 ETF | Reduce -1.7% | 5.45% | +0.18 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -2.9% | 9.92% | +0.20 |
Portfolio Buys Q3 2025 → Q4 2025
| IJR iShares Core S&P Small-Cap E | Add +6.3% | 5.28% | +0.51 |
| BND Vanguard Total Bond Market | Add +0.9% | 10.54% | +0.36 |
| ITOT iShares Core S&P Total U.S. | Add +0.1% | 2.59% | +0.13 |
| GVI iShares Intermediate Governm | Add +1.0% | 2.02% | +0.08 |
| BSV Vanguard Short-Term Bond ETF | Add +3.0% | 1.03% | +0.06 |
| IDEC Inno Int Dev Power Buff Dec | New | 0.01% | +0.01 |
| KDEC Inn US SML Cap P B ETF - Dec | New | 0.01% | +0.01 |
| ZDEK Inno Equ Def Pro ETF - 1 DE | New | 0.01% | +0.01 |
| HOLA JPM Intll HDG Eq LDDR Ovrly | Add +3.0% | 0.02% | +0.00 |
| IBHF iShares Ibond 2026 HY & Inc. | Add +2.3% | 0.02% | +0.00 |
| BSJS Invesco Bulletshares 2028 HY | Add +1.6% | 0.01% | +0.00 |
| IBHI iShares Ibonds 2029 TM HY Inc. | Add +2.2% | 0.01% | +0.00 |
| BSJR Invesco Bulletshares 2027 HY | Add +1.5% | 0.01% | +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 |