Permit Capital, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 7, 2026), Permit Capital, LLC reported 19 stock positions worth $294.4 million. Its top holding was SBA Communications (SBAC) at 33.6% of the portfolio, followed by Pitney Bowes (PBI, 13.1%) and Expedia (EXPE, 6.0%). Compared with Q4 2025, it added to 6 and reduced 3. The biggest buy was Pitney Bowes (PBI, shares +8%) and the biggest sale Interdigital (IDCC, shares −30%).

Most Recent 13F
Q2 2026
Location
WEST CONSHOHOCKEN, PA
CIK
0001313978
Portfolio Value
$294.4M (Q1 2026)
SEC Filing
0001193125-26-211746 ↗ filed May 7, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $156.8M Q1 2024 Q2 2024: $266.0M Q2 2024 Q3 2024: $325.1M Q3 2024 Q4 2024: $290.4M Q4 2024 Q1 2025: $282.1M Q1 2025 Q2 2025: $308.8M Q2 2025 Q3 2025: $319.1M Q3 2025 Q4 2025: $321.4M Q4 2025 Q1 2026: $294.4M $294.4M Q1 2026 Q2 2026: $357.4M Q2 2026

Holdings 19 stocks · $294.4M
SBAC SBA Communications Corp. 33.63% 575,312 $99.0M No change
PBI Pitney Bowes Inc. 13.14% 3,500,000 $38.7M Add +7.7%
EXPE Expedia Group Inc. 6.04% 77,000 $17.8M Add +5.5%
ECHO Echostar Corp. Class A 4.19% 105,263 $12.3M No change
WDC Western Digital Corp. 3.79% 41,200 $11.1M Reduce -48.5%
HPQ HP Inc. 3.71% 569,000 $10.9M Add +111.5%
MTCH Match Group Inc. 3.65% 350,000 $10.7M No change
FTDR Frontdoor Inc. 3.55% 197,600 $10.4M No change
GOOG Alphabet Inc. Class C 3.38% 34,700 $10.0M Reduce -19.3%
RRC Range Resources Corp. 3.21% 208,850 $9.4M No change
CVS CVS Health Corp. 3.06% 125,500 $9.0M No change
MTG Mgic Investment Corp. 3.04% 341,350 $9.0M No change
IDCC Interdigital Inc. 2.96% 28,872 $8.7M Reduce -30.4%
META Meta Platforms Inc. Class A 2.92% 15,000 $8.6M No change
OTEX Open Text Corp. 2.72% 360,000 $8.0M Add +16.1%
GEN Gen Digital Inc. 2.40% 375,000 $7.1M Add +15.4%
SIG Signet Jewelers Ltd. 2.33% 81,000 $6.9M No change
PYPL PayPal Holdings Inc. 2.00% 130,000 $5.9M No change
QVCAQ QVC Group Inc. 0.29% 398,062 $864K Add +2.6%

Portfolio Sells Q4 2025 → Q1 2026
IDCC Interdigital Inc. Reduce -30.4% 2.96% −1.15
GOOG Alphabet Inc. Class C Reduce -19.3% 3.38% −0.82
WDC Western Digital Corp. Reduce -48.5% 3.79% −0.50

Portfolio Buys Q4 2025 → Q1 2026
PBI Pitney Bowes Inc. Add +7.7% 13.14% +2.45
HPQ HP Inc. Add +111.5% 3.71% +1.85
GEN Gen Digital Inc. Add +15.4% 2.40% −0.35
EXPE Expedia Group Inc. Add +5.5% 6.04% −0.40
OTEX Open Text Corp. Add +16.1% 2.72% −0.42
QVCAQ QVC Group Inc. Add +2.6% 0.29% −0.97

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 20$357.4MSBAC, PBI, EXPE, FTDR, WDC
Q1 2026 19$294.4MSBAC, PBI, EXPE, ECHO, WDC
Q4 2025 19$321.4MSBAC, PBI, EXPE, WDC, GOOG
Q3 2025 20$319.1MSBAC, PBI, EXPE, IDCC, WDC
Q2 2025 20$308.8MSBAC, PBI, EXPE, IDCC, META
Q1 2025 20$282.1MSBAC, PBI, IDCC, EXPE, META
Q4 2024 31$290.4MSBAC, PBI, IDCC, EXPE, FTDR
Q3 2024Amended 31$325.1MSBAC, PBI, EXPE, FTDR, PYPL
Q2 2024 30$266.0MSBAC, PBI, EXPE, GOOG, META
Q1 2024 26$156.8MPBI, META, EXPE, MTG, SIG