Permit Capital, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Permit Capital, LLC reported 20 stock positions worth $319.1 million. Its top holding was SBA Communications (SBAC) at 35.0% of the portfolio, followed by Pitney Bowes (PBI, 10.2%) and Expedia (EXPE, 5.6%). Compared with Q2 2025, it added to 1 and reduced 2. The biggest buy was QVC (QVCAQ, shares +141%) and the biggest sale Interdigital (IDCC, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- WEST CONSHOHOCKEN, PA
- CIK
- 0001313978
- Portfolio Value
- $319.1M (Q3 2025)
- SEC Filing
- 0001193125-25-274134 ↗ filed Nov 10, 2025
Holdings Value
Holdings 20 stocks · $319.1M
| SBAC SBA Communications Corp. | 35.02% | 577,922 | $111.7M | No change |
| PBI Pitney Bowes Inc. | 10.19% | 2,850,000 | $32.5M | No change |
| EXPE Expedia Group Inc. | 5.56% | 83,000 | $17.7M | No change |
| IDCC Interdigital Inc. | 4.51% | 41,672 | $14.4M | Reduce -17.6% |
| WDC Western Digital Corp. | 3.76% | 100,000 | $12.0M | Reduce -11.5% |
| OTEX Open Text Corp. | 3.63% | 310,000 | $11.6M | No change |
| GOOG Alphabet Inc. Class C | 3.59% | 47,000 | $11.4M | No change |
| META Meta Platforms Inc. Class A | 3.45% | 15,000 | $11.0M | No change |
| FTDR Frontdoor Inc. | 3.28% | 155,600 | $10.5M | No change |
| MTCH Match Group Inc. | 3.23% | 292,000 | $10.3M | No change |
| MTG Mgic Investment Corp. | 3.04% | 341,350 | $9.7M | No change |
| CVS CVS Health Corp. | 2.97% | 125,500 | $9.5M | No change |
| GEN Gen Digital Inc. | 2.89% | 325,000 | $9.2M | No change |
| PYPL PayPal Holdings Inc. | 2.73% | 130,000 | $8.7M | No change |
| ECHO Echostar Corp. Class A | 2.52% | 105,263 | $8.0M | No change |
| RRC Range Resources Corp. | 2.46% | 208,850 | $7.9M | No change |
| SIG Signet Jewelers Ltd. | 2.44% | 81,000 | $7.8M | No change |
| HPQ HP Inc. | 1.87% | 219,000 | $6.0M | No change |
| QVCAQ QVC Group Inc. | 1.53% | 361,790 | $4.9M | Add +141.2% |
| SNDK Sandisk Corp. | 1.33% | 37,683 | $4.2M | No change |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
| QVCAQ QVC Group Inc. | Add +141.2% | 1.53% | +1.40 |
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 |