Permit Capital, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Permit Capital, LLC reported 20 stock positions worth $282.1 million. Its top holding was SBA Communications (SBAC) at 45.1% of the portfolio, followed by Pitney Bowes (PBI, 7.7%) and Interdigital (IDCC, 5.2%). Compared with Q4 2024, it sold out of 12 and reduced 2. The biggest sale was Alphabet Class C (GOOG, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- WEST CONSHOHOCKEN, PA
- CIK
- 0001313978
- Portfolio Value
- $282.1M (Q1 2025)
- SEC Filing
- 0000950123-25-005077 ↗ filed May 14, 2025
Holdings Value
Holdings 20 stocks · $282.1M
| SBAC SBA Communications Corp. | 45.07% | 577,922 | $127.1M | Reduce -3.1% |
| PBI Pitney Bowes Inc. | 7.70% | 2,400,000 | $21.7M | No change |
| IDCC Interdigital Inc. | 5.17% | 70,589 | $14.6M | No change |
| EXPE Expedia Group Inc. | 4.35% | 73,000 | $12.3M | No change |
| META Meta Platforms Inc. Class A | 3.47% | 17,000 | $9.8M | No change |
| MTG Mgic Investment Corp. | 3.44% | 391,350 | $9.7M | No change |
| RRC Range Resources Corp. | 3.24% | 228,850 | $9.1M | No change |
| FTDR Frontdoor Inc. | 3.10% | 227,600 | $8.7M | No change |
| GEN Gen Digital Inc. | 3.06% | 325,000 | $8.6M | No change |
| CVS CVS Health Corp. | 3.01% | 125,500 | $8.5M | No change |
| PYPL PayPal Holdings Inc. | 3.01% | 130,000 | $8.5M | No change |
| MTCH Match Group Inc. | 2.71% | 245,000 | $7.6M | No change |
| GOOG Alphabet Inc. Class C | 2.60% | 47,000 | $7.3M | Reduce -14.4% |
| OTEX Open Text Corp. | 2.51% | 280,000 | $7.1M | No change |
| HPQ HP Inc. | 2.15% | 219,000 | $6.1M | No change |
| SIG Signet Jewelers Ltd. | 1.67% | 81,000 | $4.7M | No change |
| WDC Western Digital Corp. | 1.62% | 113,050 | $4.6M | No change |
| ECHO Echostar Corp. Class A | 0.95% | 105,263 | $2.7M | No change |
| SNDK Sandisk Corp. | 0.64% | 37,683 | $1.8M | No change |
| QVCG QVC Group Inc. | 0.53% | 7,500,000 | $1.5M | No change |
Portfolio Sells Q4 2024 → Q1 2025
| GOOG Alphabet Inc. Class C | Reduce -14.4% | 2.60% | −1.00 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −0.47 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.42 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.29 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.27 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.26 |
| PM Philip Morris International | Sold out | 0.00% | −0.26 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.16 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.09 |
| PARAA Paramount Global Class B | Sold out | 0.00% | −0.06 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.06 |
| BF.A Brown-Forman Corp. Class A | Sold out | 0.00% | −0.04 |
| BF.B Brown-Forman Corp. Class B | Sold out | 0.00% | −0.00 |
| SBAC SBA Communications Corp. | Reduce -3.1% | 45.07% | +3.22 |
Portfolio Buys Q4 2024 → Q1 2025
| None this quarter. | |||
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $357.4M | SBAC, PBI, EXPE, FTDR, WDC |
| Q1 2026 | 19 | $294.4M | SBAC, PBI, EXPE, ECHO, WDC |
| Q4 2025 | 19 | $321.4M | SBAC, PBI, EXPE, WDC, GOOG |
| Q3 2025 | 20 | $319.1M | SBAC, PBI, EXPE, IDCC, WDC |
| Q2 2025 | 20 | $308.8M | SBAC, PBI, EXPE, IDCC, META |
| Q1 2025 | 20 | $282.1M | SBAC, PBI, IDCC, EXPE, META |
| Q4 2024 | 31 | $290.4M | SBAC, PBI, IDCC, EXPE, FTDR |
| Q3 2024Amended | 31 | $325.1M | SBAC, PBI, EXPE, FTDR, PYPL |
| Q2 2024 | 30 | $266.0M | SBAC, PBI, EXPE, GOOG, META |
| Q1 2024 | 26 | $156.8M | PBI, META, EXPE, MTG, SIG |