Permian Investment Partners, LP

Name: Permian Investment Partners, LP 13F holdings, Q1 2024
Creator: Permian Investment Partners, LP
Published: 2024-05-15

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Permian Investment Partners, LP reported 8 stock positions worth $774.9 million. Its top holding was Aramark (ARMK) at 26.8% of the portfolio, followed by KBR (KBR, 20.6%) and NRG Energy (NRG, 18.5%). Compared with Q4 2023, it opened 2 new positions, sold out of 3, added to 2 and reduced 4. The biggest buy was Aramark (ARMK, shares +109%) and the biggest sale NRG Energy (NRG, shares −55%).

Most Recent 13F: Q2 2026
Location: DALLAS, TX
CIK: 0001472850
Portfolio Value: $774.9M (Q1 2024)
SEC Filing: 0001472850-24-000001 ↗ filed May 15, 2024

Holdings Value

Holdings 8 stocks · $774.9M


ARMK Aramark	26.80%	6,386,049	$207.7M	Add +109.5%
KBR KBR Inc.	20.64%	2,512,186	$159.9M	Reduce -9.3%
NRG NRG Energy Inc.	18.46%	2,113,233	$143.0M	Reduce -54.9%
GRFS Grifols SA-ADR	11.07%	12,839,299	$85.8M	New
GE General Electric	9.80%	432,700	$76.0M	New
APG Api Group Corp.	9.46%	1,867,322	$73.3M	Reduce -3.9%
RYAAY Ryanair Holdings PLC-SP ADR	2.40%	128,000	$18.6M	Add +120.7%
VLRS Controladora Vuela Cia-ADR	1.36%	1,423,892	$10.6M	Reduce -1.5%

Options reported separately and not counted above: INVESCO QQQ TR puts ($134.4M), ISHARES TR puts ($69.2M), NRG ENERGY INC calls ($33.8M), MARINEMAX INC puts ($7.3M), MALIBU BOATS INC puts ($5.3M), ONEWATER MARINE INC puts ($4.9M), KBR INC calls ($4.8M), MASTERCRAFT BOAT HLDGS INC puts ($2.9M), BOWLERO CORP puts ($1.7M), GAMESTOP CORP puts ($1.4M), AURORA INNOVATION INC puts ($860K), GRIFOLS S A calls ($267K).

Portfolio Sells Q4 2023 → Q1 2024


NRG NRG Energy Inc.	Reduce -54.9%	18.46%	−16.99
GLNG Golar LNG Ltd.	Sold out	0.00%	−9.38
CCJ Cameco Corp.	Sold out	0.00%	−5.49
KBR KBR Inc.	Reduce -9.3%	20.64%	−1.85
FTRE Fortrea Holdings Inc.	Sold out	0.00%	−1.68
VLRS Controladora Vuela Cia-ADR	Reduce -1.5%	1.36%	−0.62
APG Api Group Corp.	Reduce -3.9%	9.46%	−0.38

Portfolio Buys Q4 2023 → Q1 2024


ARMK Aramark	Add +109.5%	26.80%	+14.26
GRFS Grifols SA-ADR	New	11.07%	+11.07
GE General Electric	New	9.80%	+9.80
RYAAY Ryanair Holdings PLC-SP ADR	Add +120.7%	2.40%	+1.27

Options Activity Q4 2023 → Q1 2024


INVESCO QQQ TR	put	New	302,800	$134.4M
ISHARES TR	put	Add +4.1%	329,200	$69.2M
QQQ Invesco QQQ Trust Series 1	put	Sold out	124,600	$51.0Mbefore exit
NRG NRG Energy Inc.	call	Sold out	700,000	$36.2Mbefore exit
NRG ENERGY INC	call	New	500,000	$33.8M
MBUU Malibu Boats Inc. Class A	put	Sold out	521,900	$28.6Mbefore exit
HZO Marinemax Inc.	put	Sold out	380,900	$14.8Mbefore exit
MARINEMAX INC	put	New	219,000	$7.3M
MALIBU BOATS INC	put	New	122,600	$5.3M
ONEWATER MARINE INC	put	New	175,000	$4.9M
KBR INC	call	New	76,100	$4.8M
KBR KBR Inc.	call	Sold out	66,100	$3.7Mbefore exit
MASTERCRAFT BOAT HLDGS INC	put	New	121,400	$2.9M
MCFT Mastercraft Boat Holdings Inc.	put	Sold out	121,400	$2.7Mbefore exit
GME Gamestop Corp. Class A	put	Sold out	113,500	$2.0Mbefore exit
BOWLERO CORP	put	New	125,000	$1.7M
ACHR Archer Aviation Inc. Class A	put	Sold out	260,000	$1.6Mbefore exit
GAMESTOP CORP	put	New	113,500	$1.4M
AURORA INNOVATION INC	put	New	305,000	$860K
GRIFOLS S A	call	New	40,000	$267K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	11	$881.4M	TIC, GRFS, MRP, CNH, ARMK
Q1 2026	13	$904.9M	GRFS, TIC, NRG, MRP, ARMK
Q4 2025	11	$882.7M	TIC, GRFS, MRP, NRG, REZI
Q3 2025	9	$885.7M	TIC, GRFS, KBR, NRG, ARMK
Q2 2025	8	$703.2M	GRFS, TIC, NRG, ARMK, KBR
Q1 2025	8	$667.9M	GRFS, KBR, APG, NRG, TIC
Q4 2024	5	$555.2M	NRG, GRFS, APG, KBR, ARMK
Q3 2024	6	$682.0M	NRG, ARMK, KBR, GRFS, APG
Q2 2024	7	$701.3M	ARMK, KBR, NRG, GRFS, GE
Q1 2024	8	$774.9M	ARMK, KBR, NRG, GRFS, GE