Permanent Capital Management, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 17, 2025), Permanent Capital Management, LP reported 151 stock positions worth $534.9 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 27.9% of the portfolio, followed by Vanguard Intermediate-Term T (VGIT, 7.9%) and Invesco S&P 500 Equal Weight (RSP, 7.7%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0002054108
- Portfolio Value
- $534.9M (Q3 2025)
- SEC Filing
- 0001951757-25-001167 ↗ filed Oct 17, 2025
Holdings Value
Holdings 151 stocks · $534.9M
| VOO Vanguard S&P 500 ETF | 27.94% | 243,343 | $149.4M | — |
| VGIT Vanguard Intermediate-Term T | 7.86% | 700,835 | $42.1M | — |
| RSP Invesco S&P 500 Equal Weight | 7.68% | 216,711 | $41.1M | — |
| VEA Vanguard Ftse Developed ETF | 7.36% | 656,678 | $39.3M | — |
| MSFT Microsoft Corp. | 7.01% | 72,416 | $37.5M | — |
| USFR Wisdomtree Floating Rate Tre | 3.93% | 418,512 | $21.0M | — |
| VB Vanguard Most SM-Cap ETF-Usd | 3.11% | 65,293 | $16.7M | — |
| VWO Vanguard Ftse Emerging Marke | 2.90% | 286,715 | $15.5M | — |
| AGG iShares Core U.S. Aggregate | 2.55% | 136,297 | $13.7M | — |
| AUR Aurora Innovation Inc. | 2.51% | 2,494,540 | $13.4M | — |
| VTI VG Morningstar TS MKT ETF-US | 1.54% | 25,010 | $8.2M | — |
| ACWI iShares MSCI Acwi ETF | 1.42% | 54,862 | $7.6M | — |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 1.36% | 269,653 | $7.3M | — |
| IWF iShares Russell 1000 Growth | 0.77% | 8,753 | $4.1M | — |
| NVDA Nvidia Corp. | 0.75% | 21,435 | $4.0M | — |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.68% | 5,482 | $3.7M | — |
| GLD SPDR Gold Shares | 0.67% | 10,032 | $3.6M | — |
| AAPL Apple Inc. | 0.66% | 13,939 | $3.5M | — |
| KCCA Kraneshares California Carbo | 0.57% | 179,240 | $3.1M | — |
| AMZN Amazon.com Inc. | 0.55% | 13,410 | $2.9M | — |
| UBS UBS Group AG-Reg | 0.53% | 69,327 | $2.8M | — |
| COF Capital One Financial Corp. | 0.52% | 12,960 | $2.8M | — |
| EXE Expand Energy Corp. | 0.48% | 24,184 | $2.6M | — |
| CAT Caterpillar Inc. | 0.48% | 5,369 | $2.6M | — |
| GOOGL Alphabet Inc. Class A | 0.45% | 9,948 | $2.4M | — |
| UNP Union Pacific Corp. | 0.45% | 10,090 | $2.4M | — |
| CDZI Cadiz Inc. | 0.44% | 496,519 | $2.3M | — |
| LIF LIFE360 Inc. | 0.43% | 21,539 | $2.3M | — |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.42% | 20,760 | $2.3M | — |
| OI O-I Glass Inc. | 0.41% | 167,295 | $2.2M | — |
| GLNG Golar LNG Ltd. | 0.40% | 52,303 | $2.1M | — |
| VT Vanguard Tot World STK ETF | 0.37% | 14,345 | $2.0M | — |
| PPLI People Inc. filed as IAC INC | 0.32% | 50,827 | $1.7M | — |
| META Meta Platforms Inc. Class A | 0.31% | 2,229 | $1.6M | — |
| GOOG Alphabet Inc. Class C | 0.29% | 6,397 | $1.6M | — |
| L Loews Corp. | 0.29% | 15,445 | $1.6M | — |
| PCG P G & E Corp. | 0.28% | 99,973 | $1.5M | — |
| TECK Teck Resources Ltd.-CLS B | 0.26% | 32,270 | $1.4M | — |
| ACTG Acacia Research Corp. | 0.25% | 405,345 | $1.3M | — |
| QQQ Invesco QQQ Trust Series 1 | 0.23% | 2,083 | $1.3M | — |
| C Citigroup Inc. | 0.23% | 12,201 | $1.2M | — |
| BP BP PLC-Spons ADR | 0.23% | 35,490 | $1.2M | — |
| JBS JBS NV-A | 0.23% | 81,797 | $1.2M | — |
| AXS Axis Capital Holdings Ltd. | 0.22% | 12,355 | $1.2M | — |
| UL Unilever PLC | 0.22% | 19,841 | $1.2M | — |
| JPM JPMorgan Chase & Co. | 0.22% | 3,710 | $1.2M | — |
| BWXT BWX Technologies Inc. | 0.22% | 6,300 | $1.2M | — |
| IWM iShares Russell 2000 ETF | 0.21% | 4,744 | $1.1M | — |
| AVGO Broadcom Inc. | 0.21% | 3,443 | $1.1M | — |
| WMT Walmart Inc. | 0.21% | 10,700 | $1.1M | — |
| GM General Motors Co. | 0.21% | 18,067 | $1.1M | — |
| MTN Vail Resorts Inc. | 0.20% | 7,296 | $1.1M | — |
| JNJ Johnson & Johnson | 0.20% | 5,796 | $1.1M | — |
| HZO Marinemax Inc. | 0.20% | 42,302 | $1.1M | — |
| ARMK Aramark | 0.20% | 27,651 | $1.1M | — |
| AIG American International Group | 0.19% | 12,826 | $1.0M | — |
| XOM Exxon Mobil Corp. | 0.17% | 8,160 | $920K | — |
| AURA Aura Biosciences Inc. | 0.17% | 147,769 | $913K | — |
| CNNE Cannae Holdings Inc. | 0.17% | 49,000 | $897K | — |
| V Visa Inc. Class A | 0.16% | 2,568 | $877K | — |
| CI The Cigna Group | 0.16% | 3,041 | $877K | — |
| COST Costco Wholesale Corp. | 0.16% | 944 | $874K | — |
| ALIT Alight Inc. Class A | 0.16% | 260,000 | $848K | — |
| SPGI S&P Global Inc. | 0.15% | 1,698 | $826K | — |
| NWSA News Corp. Class A | 0.15% | 26,361 | $812K | — |
| KO The Coca-Cola Co. | 0.15% | 12,140 | $811K | — |
| NTRS Northern Trust Corp. | 0.15% | 5,990 | $811K | — |
| MGM MGM Resorts International | 0.14% | 21,290 | $738K | — |
| ABBV Abbvie Inc. | 0.13% | 3,109 | $720K | — |
| BC Brunswick Corp. | 0.13% | 11,230 | $710K | — |
| KBWB Invesco KBW Bank ETF | 0.13% | 8,949 | $700K | — |
| VZ Verizon Communications Inc. | 0.13% | 15,715 | $691K | — |
| VGSH Vanguard Short-Term Treasury | 0.13% | 11,542 | $679K | — |
| DE Deere & Co. | 0.13% | 1,461 | $670K | — |
| MRSH Marsh & McLennan Cos | 0.12% | 3,220 | $649K | — |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.12% | 12,575 | $649K | — |
| ALK Alaska Air Group Inc. | 0.12% | 12,395 | $617K | — |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.11% | 2,161 | $610K | — |
| CVX Chevron Corp. | 0.10% | 3,554 | $552K | — |
| NEE Nextera Energy Inc. | 0.10% | 7,112 | $537K | — |
| SPRY Ars Pharmaceuticals Inc. | 0.10% | 53,341 | $536K | — |
| RDDT Reddit Inc. Class A | 0.10% | 2,250 | $517K | — |
| MBLY Mobileye Global Inc. Class A | 0.10% | 36,000 | $508K | — |
| ISHG iShares -3 Year Internationa | 0.09% | 6,351 | $484K | — |
| APO Apollo Global Management Inc. | 0.09% | 3,484 | $464K | — |
| ICE Intercontinental Exchange Inc. | 0.08% | 2,578 | $434K | — |
| MCK McKesson Corp. | 0.08% | 561 | $434K | — |
| OWL Blue Owl Capital Inc. | 0.08% | 25,146 | $426K | — |
| EFA iShares MSCI Eafe ETF | 0.08% | 4,552 | $425K | — |
| MCD McDonald's Corp. | 0.08% | 1,384 | $421K | — |
| SPOT Spotify Technology SA | 0.07% | 574 | $401K | — |
| FDVV Fidelity High Dividend ETF | 0.07% | 7,097 | $395K | — |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.07% | 3,000 | $390K | — |
| AMAT Applied Materials Inc. | 0.07% | 1,890 | $387K | — |
| CNX CNX Resources Corp. | 0.07% | 11,786 | $379K | — |
| KMB Kimberly-Clark Corp. | 0.07% | 3,001 | $377K | — |
| ETN Eaton Corp. PLC | 0.07% | 1,004 | $376K | — |
| COR Cencora Inc. | 0.07% | 1,187 | $371K | — |
| FBND Fidelity Total Bond ETF | 0.07% | 7,942 | $369K | — |
| CCK Crown Holdings Inc. | 0.07% | 3,807 | $368K | — |
| MSCI MSCI Inc. | 0.07% | 636 | $361K | — |
| IBIT iShares Bitcoin Trust ETF | 0.07% | 5,493 | $357K | — |
| BN Brookfield Corp. | 0.06% | 4,919 | $337K | — |
| BSX Boston Scientific Corp. | 0.06% | 3,431 | $335K | — |
| SNV Synovus Financial Corp. | 0.06% | 6,500 | $322K | — |
| HWM Howmet Aerospace Inc. | 0.06% | 1,624 | $319K | — |
| NOW ServiceNow Inc. | 0.06% | 346 | $318K | — |
| IVE iShares S&P 500 Value ETF | 0.06% | 1,541 | $318K | — |
| TMO Thermo Fisher Scientific Inc. | 0.06% | 644 | $313K | — |
| TRU Transunion | 0.06% | 3,692 | $309K | — |
| AEE Ameren Corporation | 0.06% | 2,903 | $303K | — |
| TSLA Tesla Inc. | 0.06% | 674 | $300K | — |
| COP Conocophillips | 0.05% | 3,036 | $287K | — |
| MSI Motorola Solutions Inc. | 0.05% | 622 | $285K | — |
| ISRG Intuitive Surgical Inc. | 0.05% | 614 | $275K | — |
| QUAL iShares MSCI USA Quality Fac | 0.05% | 1,406 | $273K | — |
| CRH CRH PLC | 0.05% | 2,258 | $271K | — |
| NOC Northrop Grumman Corp. | 0.05% | 442 | $269K | — |
| DHR Danaher Corp. | 0.05% | 1,355 | $269K | — |
| DEO Diageo PLC-Sponsored ADR | 0.05% | 2,816 | $269K | — |
| BGC BGC Group Inc. Class A | 0.05% | 28,378 | $268K | — |
| TTWO Take-Two Interactive Softwre | 0.05% | 1,019 | $263K | — |
| B Barrick Mining Corp. | 0.05% | 8,025 | $263K | — |
| DLR Digital Realty Trust Inc. | 0.05% | 1,464 | $253K | — |
| UNH Unitedhealth Group Inc. | 0.05% | 731 | $252K | — |
| IT Gartner Inc. | 0.05% | 952 | $250K | — |
| GLW Corning Inc. | 0.04% | 2,901 | $238K | — |
| SHW The Sherwin-Williams Co. | 0.04% | 687 | $238K | — |
| SPH Suburban Propane Partners LP | 0.04% | 12,614 | $235K | — |
| HLT Hilton Worldwide Holdings Inc. | 0.04% | 890 | $231K | — |
| HNRG Hallador Energy Co. | 0.04% | 11,777 | $230K | — |
| BATRA Atlanta Braves Holdings in-A | 0.04% | 5,000 | $227K | — |
| FTNT Fortinet Inc. | 0.04% | 2,576 | $217K | — |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.04% | 1,125 | $211K | — |
| DFAC Dimensional US Core Equity 2 | 0.04% | 5,250 | $202K | — |
| AES AES Corp. | 0.03% | 12,695 | $167K | — |
| PML PIMCO Municipal Income FD II | 0.03% | 20,764 | $165K | — |
| CEPT Cantor Equity Partners Class A | 0.03% | 14,185 | $149K | — |
| PCAPU Procap Acquisition Corp. | 0.03% | 14,038 | $147K | — |
| RPC Ridgepost Capital Inc. Class A filed as P10 INC | 0.03% | 13,500 | $147K | — |
| NZF Nuveen Municipal Credit Inc. | 0.03% | 11,397 | $144K | — |
| VGM Invesco Trust for Investmen | 0.03% | 14,059 | $142K | — |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.03% | 12,416 | $142K | — |
| NAD Nuveen Quality Municipal Inc. | 0.03% | 12,024 | $141K | — |
| VMO Invesco Municipal Opport | 0.03% | 14,549 | $141K | — |
| MHD BlackRock Muniholdings Fund | 0.03% | 11,893 | $140K | — |
| MQY BlackRock Muniyield Quality | 0.03% | 11,892 | $139K | — |
| VKQ Invesco Municipal Trust | 0.03% | 14,352 | $138K | — |
| AGNC AGNC Investment Corp. | 0.02% | 10,800 | $107K | — |
| TBLA Taboola.com Ltd. | 0.02% | 30,000 | $102K | — |
| XPCQX PIMCO California Muni Inc. FD | 0.02% | 10,998 | $96K | — |
Portfolio Sells Q3 2025
No earlier filing to compare with.
Portfolio Buys Q3 2025
No earlier filing to compare with.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 211 | $746.7M | VT, VOO, AGG, VEA, VGIT |
| Q1 2026 | 155 | $643.0M | VOO, VT, AGG, VEA, VGIT |
| Q4 2025 | 157 | $513.3M | VOO, RSP, VEA, VGIT, MSFT |
| Q3 2025 | 151 | $534.9M | VOO, VGIT, RSP, VEA, MSFT |
| Q1 2025 | 79 | $348.9M | VOO, VGIT, VEA, RSP, MSFT |
| Q4 2024 | 74 | $323.0M | VGIT, VOO, MSFT, RSP, VEA |
| Q2 2024 | 158 | $478.7M | VOO, VGIT, VEA, RSP, MSFT |