In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Permanens Capital L.P. reported 25 stock positions worth $979.3 million . Its top holding was Vanguard Mrngstr Val ETF-Aui (VTV) at 37.1% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 15.4% ) and iShares MSCI Emr MRK Ex Chna (EMXC, 10.2% ). Compared with Q1 2024, it opened 2 new positions, sold out of 2, added to 19 and reduced 4. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +51% ) and the biggest sale iShares MSCI Japan ETF (EWJ, shares −16% ).
Location NEW YORK, NY
CIK 0001599637
Portfolio Value $979.3M (Q2 2024) Holdings 25 stocks · $979.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2024 VTV Vanguard Mrngstr Val ETF-Aui 2,260,991 $363.6M Add +9.8% VUG Vanguard Mrngstar GR ETF-Sui 402,843 $150.8M Add +51.0% EMXC iShares MSCI Emr MRK Ex Chna 1,693,914 $100.3M Add +37.1% DXJ Wisdomtree Japan Hedged Eq 737,800 $83.2M Add +43.8% EWJ iShares MSCI Japan ETF 1,214,436 $82.9M Reduce -16.1% HEZU iShares Currency Hedged MSCI 1,205,679 $43.7M Add +18.9% HEDJ Wisdomtree Europe Hedged Equ 958,465 $43.3M Add +18.6% IAU iShares Gold Trust 593,102 $26.1M Add +98.3% CCJ Cameco Corp. 210,983 $10.4M Add +73.7% AAPL Apple Inc. 31,012 $6.5M Add +11.8% WMT Walmart Inc. 92,799 $6.3M Add +11.6% SUSA iShares ESG Optimized MSCI U 55,547 $6.2M Reduce -15.7% SCHW Schwab (charles) Corp. 83,965 $6.2M Add +12.0% BBJP JPMorgan Betabuilders Japan 109,085 $6.2M New MSFT Microsoft Corp. 13,665 $6.1M Add +12.1% JPM JPMorgan Chase & Co. 29,977 $6.1M Add +12.0% BRK.B Berkshire Hathaway Inc. Class B 13,649 $5.6M Add +13.3% MAR Marriott International Class A 22,655 $5.5M Add +14.5% DIS The Walt Disney Co. filed as DISNEY WALT CO 51,383 $5.1M Add +14.6% ULTA Ulta Beauty Inc. 12,181 $4.7M Add +36.9% NKE Nike Inc. Class B 54,944 $4.2M Add +15.2% EAGL Eagle Capital Select Eqty 118,055 $3.1M New SPY SS SPDR S&P 500 ETF Trust-US 3,512 $1.9M Add +7.2% SPYV SS SPDR P S&P 500 Value ETF 20,687 $1.0M Reduce -8.8% SPYG SS SPDR P S&P 500 Growth ETF 5,703 $457K Reduce -16.1%
Other holdings (2): bonds, preferreds, convertibles and warrants · $298K (not counted above) Total filed on the 13F, all lines: $979.6M.
Portfolio Sells Q1 2024 → Q2 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▲ EWJ iShares MSCI Japan ETF Reduce -16.1% 8.46% −4.23 SUSA iShares ESG Optimized MSCI U Reduce -15.7% 0.64% −0.25 PHYS Sprott Physical Gold Trust Sold out 0.00% −0.15 JEF Jefferies Financial Group Inc. Sold out 0.00% −0.04 SPYV SS SPDR P S&P 500 Value ETF Reduce -8.8% 0.10% −0.04 SPYG SS SPDR P S&P 500 Growth ETF Reduce -16.1% 0.05% −0.01
Portfolio Buys Q1 2024 → Q2 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▼ VUG Vanguard Mrngstar GR ETF-Sui Add +51.0% 15.40% +4.11 DXJ Wisdomtree Japan Hedged Eq Add +43.8% 8.50% +1.66 EMXC iShares MSCI Emr MRK Ex Chna Add +37.1% 10.24% +1.50 IAU iShares Gold Trust Add +98.3% 2.66% +1.12 BBJP JPMorgan Betabuilders Japan New 0.63% +0.63 CCJ Cameco Corp. Add +73.7% 1.06% +0.41 EAGL Eagle Capital Select Eqty New 0.32% +0.32 AAPL Apple Inc. Add +11.8% 0.67% +0.08 WMT Walmart Inc. Add +11.6% 0.64% +0.02 MSFT Microsoft Corp. Add +12.1% 0.62% −0.01 SPY SS SPDR S&P 500 ETF Trust-US Add +7.2% 0.20% −0.02 SCHW Schwab (charles) Corp. Add +12.0% 0.63% −0.03 JPM JPMorgan Chase & Co. Add +12.0% 0.62% −0.04 BRK.B Berkshire Hathaway Inc. Class B Add +13.3% 0.57% −0.05 MAR Marriott International Class A Add +14.5% 0.56% −0.05 ULTA Ulta Beauty Inc. Add +36.9% 0.48% −0.09 HEZU iShares Currency Hedged MSCI Add +18.9% 4.47% −0.11 NKE Nike Inc. Class B Add +15.2% 0.42% −0.13 DIS The Walt Disney Co. Add +14.6% 0.52% −0.15 HEDJ Wisdomtree Europe Hedged Equ Add +18.6% 4.42% −0.37 VTV Vanguard Mrngstr Val ETF-Aui Add +9.8% 37.12% −4.07
Notes & Other Activity Q1 2024 → Q2 2024 Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 100 $972.4M BIL, VTV, VUG, IAU, SECU Q1 2026 88 $776.3M IAU, VTV, BIL, VUG, SECU Q4 2025 80 $766.8M VTV, IAU, VUG, BIL, SLV Q3 2025 62 $670.5M VTV, VUG, IAU, BIL, SLV Q2 2025 67 $733.3M VTV, VUG, DBEU, IAU, DXJ Q1 2025 58 $550.7M VTV, VUG, IAU, DBEU, DXJ Q4 2024 52 $523.6M VUG, VTV, RSP, IAU, DBEU Q3 2024 52 $492.3M VTV, VUG, EMXC, RSP, IAU Q2 2024 25 $979.3M VTV, VUG, EMXC, DXJ, EWJ Q1 2024 25 $813.8M VTV, EWJ, VUG, EMXC, DXJ