Permanens Capital L.P.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Permanens Capital L.P. reported 52 stock positions worth $492.3 million. Its top holding was Vanguard Mrngstr Val ETF-Aui (VTV) at 25.9% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 16.3%) and iShares MSCI Emr MRK Ex Chna (EMXC, 9.6%). Compared with Q2 2024, it opened 28 new positions, sold out of 1, added to 5 and reduced 18. The biggest buy was a new position in Invesco S&P 500 Equal Weight (RSP) and the biggest sale Vanguard Mrngstr Val ETF-Aui (VTV, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001599637
- Portfolio Value
- $492.3M (Q3 2024)
- SEC Filing
- 0001493152-24-045819 ↗ filed Nov 14, 2024
Holdings Value
Holdings 52 stocks · $492.3M
| VTV Vanguard Mrngstr Val ETF-Aui | 25.87% | 729,668 | $127.4M | Reduce -67.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 16.28% | 208,790 | $80.2M | Reduce -48.2% |
| EMXC iShares MSCI Emr MRK Ex Chna | 9.61% | 774,125 | $47.3M | Reduce -54.3% |
| RSP Invesco S&P 500 Equal Weight | 8.96% | 246,118 | $44.1M | New |
| IAU iShares Gold Trust | 8.63% | 855,260 | $42.5M | Add +44.2% |
| HEZU iShares Currency Hedged MSCI | 3.66% | 490,303 | $18.0M | Reduce -59.3% |
| HEDJ Wisdomtree Europe Hedged Equ | 3.29% | 360,485 | $16.2M | Reduce -62.4% |
| DXJ Wisdomtree Japan Hedged Eq | 3.11% | 144,407 | $15.3M | Reduce -80.4% |
| EWJ iShares MSCI Japan ETF | 2.43% | 167,268 | $12.0M | Reduce -86.2% |
| CCJ Cameco Corp. | 1.66% | 170,646 | $8.2M | Reduce -19.1% |
| SHY iShares 1-3 Year Treasury Bo | 1.54% | 90,966 | $7.6M | New |
| SUSA iShares ESG Optimized MSCI U | 1.36% | 55,547 | $6.7M | No change |
| BBJP JPMorgan Betabuilders Japan | 1.33% | 110,138 | $6.5M | Add +1.0% |
| EAGL Eagle Capital Select Eqty | 1.15% | 206,307 | $5.6M | Add +74.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.14% | 12,151 | $5.6M | Reduce -11.0% |
| WMT Walmart Inc. | 0.85% | 51,555 | $4.2M | Reduce -44.4% |
| MSFT Microsoft Corp. | 0.83% | 9,483 | $4.1M | Reduce -30.6% |
| AAPL Apple Inc. | 0.81% | 17,079 | $4.0M | Reduce -44.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.71% | 36,103 | $3.5M | Reduce -29.7% |
| ULTA Ulta Beauty Inc. | 0.69% | 8,743 | $3.4M | Reduce -28.2% |
| MAR Marriott International Class A | 0.67% | 13,320 | $3.3M | Reduce -41.2% |
| JPM JPMorgan Chase & Co. | 0.66% | 15,429 | $3.3M | Reduce -48.5% |
| SCHW Schwab (charles) Corp. | 0.62% | 46,967 | $3.0M | Reduce -44.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.41% | 3,548 | $2.0M | Add +1.0% |
| AMZN Amazon.com Inc. | 0.31% | 8,237 | $1.5M | New |
| META Meta Platforms Inc. Class A | 0.23% | 1,986 | $1.1M | New |
| GOOG Alphabet Inc. Class C | 0.21% | 6,056 | $1.0M | New |
| SPYV SS SPDR P S&P 500 Value ETF | 0.20% | 19,024 | $1.0M | Reduce -8.0% |
| COP Conocophillips | 0.20% | 9,335 | $983K | New |
| AON Aon PLC Class A | 0.18% | 2,596 | $898K | New |
| UNH Unitedhealth Group Inc. | 0.18% | 1,484 | $868K | New |
| SHEL Shell PLC-ADR | 0.16% | 12,081 | $797K | New |
| AER Aercap Holdings NV | 0.15% | 7,796 | $738K | New |
| SAP Sap SE-Sponsored ADR | 0.15% | 3,136 | $718K | New |
| GEV GE Vernova Inc. | 0.14% | 2,650 | $676K | New |
| HUM Humana Inc. | 0.14% | 2,105 | $669K | New |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.13% | 7,717 | $640K | Add +35.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.13% | 3,589 | $626K | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.12% | 6,477 | $595K | New |
| WDAY Workday Inc. Class A | 0.12% | 2,416 | $590K | New |
| ELV Elevance Health Inc. | 0.11% | 1,009 | $525K | New |
| COF Capital One Financial Corp. | 0.10% | 3,339 | $500K | New |
| CMCSA Comcast Corp. Class A | 0.10% | 11,915 | $498K | New |
| WWD Woodward Inc. | 0.10% | 2,871 | $492K | New |
| WFC Wells Fargo & Co. | 0.09% | 7,574 | $428K | New |
| V Visa Inc. Class A | 0.09% | 1,543 | $424K | New |
| HLT Hilton Worldwide Holdings Inc. | 0.08% | 1,758 | $405K | New |
| AA Alcoa Corp. | 0.08% | 10,064 | $388K | New |
| LBRDK Liberty Broadband-C | 0.07% | 4,698 | $363K | New |
| OXY Occidental Petroleum Corp. | 0.06% | 6,155 | $319K | New |
| NFLX Netflix Inc. | 0.06% | 441 | $313K | New |
| CHTR Charter Communications Inc. Class A | 0.06% | 936 | $303K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $7K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | 20,644 | $7K | No change |
Total filed on the 13F, all lines: $492.3M.
Portfolio Sells Q2 2024 → Q3 2024
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -67.7% | 25.87% | −11.25 |
| EWJ iShares MSCI Japan ETF | Reduce -86.2% | 2.43% | −6.03 |
| DXJ Wisdomtree Japan Hedged Eq | Reduce -80.4% | 3.11% | −5.39 |
| HEDJ Wisdomtree Europe Hedged Equ | Reduce -62.4% | 3.29% | −1.14 |
| HEZU iShares Currency Hedged MSCI | Reduce -59.3% | 3.66% | −0.81 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -54.3% | 9.61% | −0.63 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.42 |
| SCHW Schwab (charles) Corp. | Reduce -44.1% | 0.62% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -48.5% | 0.66% | +0.04 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -8.0% | 0.20% | +0.10 |
| MAR Marriott International Class A | Reduce -41.2% | 0.67% | +0.11 |
| AAPL Apple Inc. | Reduce -44.9% | 0.81% | +0.14 |
| DIS The Walt Disney Co. | Reduce -29.7% | 0.71% | +0.18 |
| WMT Walmart Inc. | Reduce -44.4% | 0.85% | +0.20 |
| MSFT Microsoft Corp. | Reduce -30.6% | 0.83% | +0.21 |
| ULTA Ulta Beauty Inc. | Reduce -28.2% | 0.69% | +0.21 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -11.0% | 1.14% | +0.57 |
| CCJ Cameco Corp. | Reduce -19.1% | 1.66% | +0.60 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -48.2% | 16.28% | +0.89 |
Portfolio Buys Q2 2024 → Q3 2024
| RSP Invesco S&P 500 Equal Weight | New | 8.96% | +8.96 |
| IAU iShares Gold Trust | Add +44.2% | 8.63% | +5.97 |
| SHY iShares 1-3 Year Treasury Bo | New | 1.54% | +1.54 |
| EAGL Eagle Capital Select Eqty | Add +74.8% | 1.15% | +0.83 |
| BBJP JPMorgan Betabuilders Japan | Add +1.0% | 1.33% | +0.70 |
| AMZN Amazon.com Inc. | New | 0.31% | +0.31 |
| META Meta Platforms Inc. Class A | New | 0.23% | +0.23 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.0% | 0.41% | +0.22 |
| GOOG Alphabet Inc. Class C | New | 0.21% | +0.21 |
| COP Conocophillips | New | 0.20% | +0.20 |
| AON Aon PLC Class A | New | 0.18% | +0.18 |
| UNH Unitedhealth Group Inc. | New | 0.18% | +0.18 |
| SHEL Shell PLC-ADR | New | 0.16% | +0.16 |
| AER Aercap Holdings NV | New | 0.15% | +0.15 |
| SAP Sap SE-Sponsored ADR | New | 0.15% | +0.15 |
| GEV GE Vernova Inc. | New | 0.14% | +0.14 |
| HUM Humana Inc. | New | 0.14% | +0.14 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.13% | +0.13 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.12% | +0.12 |
| WDAY Workday Inc. Class A | New | 0.12% | +0.12 |
| ELV Elevance Health Inc. | New | 0.11% | +0.11 |
| COF Capital One Financial Corp. | New | 0.10% | +0.10 |
| CMCSA Comcast Corp. Class A | New | 0.10% | +0.10 |
| WWD Woodward Inc. | New | 0.10% | +0.10 |
| WFC Wells Fargo & Co. | New | 0.09% | +0.09 |
| V Visa Inc. Class A | New | 0.09% | +0.09 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +35.3% | 0.13% | +0.08 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.08% | +0.08 |
| AA Alcoa Corp. | New | 0.08% | +0.08 |
| LBRDK Liberty Broadband-C | New | 0.07% | +0.07 |
| OXY Occidental Petroleum Corp. | New | 0.06% | +0.06 |
| NFLX Netflix Inc. | New | 0.06% | +0.06 |
| CHTR Charter Communications Inc. Class A | New | 0.06% | +0.06 |
Notes & Other Activity Q2 2024 → Q3 2024
| GEORGIA POWER CO (SO 5 10/01/77 2017) | COM | Sold out | 11,375 | $290Kbefore exit |
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 |