Permit Capital, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Permit Capital, LLC reported 20 stock positions worth $308.8 million. Its top holding was SBA Communications (SBAC) at 44.0% of the portfolio, followed by Pitney Bowes (PBI, 10.1%) and Expedia (EXPE, 4.5%). Compared with Q1 2025, it added to 4 and reduced 5. The biggest buy was Pitney Bowes (PBI, shares +19%) and the biggest sale Interdigital (IDCC, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- WEST CONSHOHOCKEN, PA
- CIK
- 0001313978
- Portfolio Value
- $308.8M (Q2 2025)
- SEC Filing
- 0000950123-25-007066 ↗ filed Aug 6, 2025
Holdings Value
Holdings 20 stocks · $308.8M
| SBAC SBA Communications Corp. | 43.96% | 577,922 | $135.7M | No change |
| PBI Pitney Bowes Inc. | 10.07% | 2,850,000 | $31.1M | Add +18.8% |
| EXPE Expedia Group Inc. | 4.53% | 83,000 | $14.0M | Add +13.7% |
| IDCC Interdigital Inc. | 3.67% | 50,589 | $11.3M | Reduce -28.3% |
| META Meta Platforms Inc. Class A | 3.59% | 15,000 | $11.1M | Reduce -11.8% |
| PYPL PayPal Holdings Inc. | 3.13% | 130,000 | $9.7M | No change |
| GEN Gen Digital Inc. | 3.09% | 325,000 | $9.6M | No change |
| MTG Mgic Investment Corp. | 3.08% | 341,350 | $9.5M | Reduce -12.8% |
| FTDR Frontdoor Inc. | 2.97% | 155,600 | $9.2M | Reduce -31.6% |
| OTEX Open Text Corp. | 2.93% | 310,000 | $9.1M | Add +10.7% |
| MTCH Match Group Inc. | 2.92% | 292,000 | $9.0M | Add +19.2% |
| CVS CVS Health Corp. | 2.80% | 125,500 | $8.7M | No change |
| RRC Range Resources Corp. | 2.75% | 208,850 | $8.5M | Reduce -8.7% |
| GOOG Alphabet Inc. Class C | 2.70% | 47,000 | $8.3M | No change |
| WDC Western Digital Corp. | 2.34% | 113,050 | $7.2M | No change |
| SIG Signet Jewelers Ltd. | 2.09% | 81,000 | $6.4M | No change |
| HPQ HP Inc. | 1.74% | 219,000 | $5.4M | No change |
| ECHO Echostar Corp. Class A | 0.94% | 105,263 | $2.9M | No change |
| SNDK Sandisk Corp. | 0.55% | 37,683 | $1.7M | No change |
| QVCAQ QVC Group Inc. | 0.13% | 150,000 | $413K | No change |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
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 |