Permian Investment Partners, LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Permian Investment Partners, LP reported 5 stock positions worth $555.2 million. Its top holding was NRG Energy (NRG) at 22.9% of the portfolio, followed by Grifols SA-ADR (GRFS, 21.7%) and Api (APG, 19.8%). Compared with Q3 2024, it sold out of 1, added to 2 and reduced 3. The biggest buy was Api (APG, shares +52%) and the biggest sale an exit from General Electric (GE).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001472850
- Portfolio Value
- $555.2M (Q4 2024)
- SEC Filing
- 0001472850-25-000003 ↗ filed Feb 14, 2025
Holdings Value
Holdings 5 stocks · $555.2M
| NRG NRG Energy Inc. | 22.86% | 1,406,836 | $126.9M | Reduce -13.8% |
| GRFS Grifols SA-ADR | 21.69% | 16,187,321 | $120.4M | Add +31.3% |
| APG Api Group Corp. | 19.76% | 3,050,622 | $109.7M | Add +51.7% |
| KBR KBR Inc. | 18.88% | 1,809,213 | $104.8M | Reduce -19.8% |
| ARMK Aramark | 16.80% | 2,500,604 | $93.3M | Reduce -34.5% |
Options reported separately and not counted above: ISHARES TR puts ($27.9M), SPDR SERIES TRUST puts ($25.1M), ETF SER SOLUTIONS calls ($20.3M), ONEWATER MARINE INC puts ($7.8M), MARINEMAX INC puts ($3.1M), MASTERCRAFT BOAT HLDGS INC puts ($1.9M), GRIFOLS S A calls ($1.5M).
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 2024
Options Activity Q3 2024 → Q4 2024
| ISHARES TR | put | New | 320,000 | $27.9M |
| SPDR SERIES TRUST | put | New | 240,000 | $25.1M |
| ETF SER SOLUTIONS | call | Reduce -36.5% | 800,000 | $20.3M |
| ONEWATER MARINE INC | put | Add +27.5% | 449,500 | $7.8M |
| MALIBU BOATS INC | put | Sold out | 103,300 | $4.0Mbefore exit |
| MARINEMAX INC | put | New | 105,500 | $3.1M |
| GRIFOLS S A | call | Add +241.5% | 196,000 | $1.5M |
| KBR INC | call | Sold out | 10,000 | $651Kbefore exit |
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 |