13F HOLDINGS REPORT
Permanens Capital L.P.
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001493152-26-007095
Total Value
$766.8M
Positions
80
Other Managers
0
Confidential Omitted
No
Holdings (80)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | 922908744 | 561,293 | $107.2M | 13.98% |
| 2 | ISHARES GOLD TR | IAU | 1,122,462 | $91.1M | 11.88% |
| 3 | VANGUARD INDEX FDS | 922908736 | 161,547 | $78.8M | 10.28% |
| 4 | SPDR SERIES TRUST | 78468R663 | 664,112 | $60.7M | 7.91% |
| 5 | ISHARES SILVER TR | SLV | 900,242 | $58.0M | 7.56% |
| 6 | WISDOMTREE TR | WT | 292,755 | $42.2M | 5.50% |
| 7 | J P MORGAN EXCHANGE TRADED F | 46641Q191 | 560,278 | $41.1M | 5.36% |
| 8 | ISHARES TR | 46434V407 | 847,010 | $36.3M | 4.74% |
| 9 | PRINCIPAL EXCHANGE TRADED FD | 74255Y888 | 1,715,767 | $32.7M | 4.27% |
| 10 | 2023 ETF SERIES TRUST | 88339Y102 | 800,671 | $26.0M | 3.39% |
| 11 | LAZARD ACTIVE ETF TR | LAZ | 582,605 | $18.6M | 2.43% |
| 12 | CAMECO CORP | CCJ | 174,183 | $15.9M | 2.08% |
| 13 | MICROSOFT CORP | MSFT | 25,224 | $12.2M | 1.59% |
| 14 | WALMART INC | WMT | 86,403 | $9.6M | 1.26% |
| 15 | UBS GROUP AG | UBS | 207,412 | $9.6M | 1.25% |
| 16 | ULTA BEAUTY INC | ULTA | 14,966 | $9.1M | 1.18% |
| 17 | JPMORGAN CHASE & CO. | VYLD | 27,436 | $8.8M | 1.15% |
| 18 | SCHWAB CHARLES CORP | SCHW-PJ | 85,461 | $8.5M | 1.11% |
| 19 | MITSUBISHI UFJ FINL GROUP IN | 606822104 | 533,233 | $8.5M | 1.10% |
| 20 | ISHARES GOLD TR | IAU | 152,381 | $6.6M | 0.85% |
| 21 | AMAZON COM INC | AMZN | 26,864 | $6.2M | 0.81% |
| 22 | UNITEDHEALTH GROUP INC | UNH | 10,150 | $3.4M | 0.44% |
| 23 | CONOCOPHILLIPS | COP | 34,632 | $3.2M | 0.42% |
| 24 | SPDR S&P 500 ETF TR | SPY | 4,707 | $3.2M | 0.42% |
| 25 | META PLATFORMS INC | META | 4,553 | $3.0M | 0.39% |
| 26 | BRT APARTMENTS CORP | BRT | 201,264 | $3.0M | 0.39% |
| 27 | ALPHABET INC | GOOG | 9,363 | $2.9M | 0.38% |
| 28 | WORKDAY INC | WDAY | 13,510 | $2.9M | 0.38% |
| 29 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 9,083 | $2.8M | 0.36% |
| 30 | CAPITAL ONE FINL CORP | 14040H105 | 11,278 | $2.7M | 0.36% |
| 31 | AERCAP HOLDINGS NV | AER | 17,516 | $2.5M | 0.33% |
| 32 | NETFLIX INC | NFLX | 26,296 | $2.5M | 0.32% |
| 33 | DANAHER CORPORATION | 235851102 | 10,598 | $2.4M | 0.32% |
| 34 | WOODWARD INC | WWD | 7,437 | $2.2M | 0.29% |
| 35 | COMCAST CORP NEW | CCZ | 71,047 | $2.1M | 0.28% |
| 36 | ISHARES TR | 464288661 | 16,508 | $2.0M | 0.26% |
| 37 | ISHARES TR | 464288646 | 37,203 | $2.0M | 0.26% |
| 38 | LENNAR CORP | LEN-B | 18,917 | $1.9M | 0.25% |
| 39 | ALPHABET INC | GOOG | 6,110 | $1.9M | 0.25% |
| 40 | SAP SE | SAPGF | 7,535 | $1.8M | 0.24% |
| 41 | MERCADOLIBRE INC | MELI | 836 | $1.7M | 0.22% |
| 42 | ASML HOLDING N V | ASMLF | 1,531 | $1.6M | 0.21% |
| 43 | SHOPIFY INC | SHOP | 10,030 | $1.6M | 0.21% |
| 44 | APPLE INC | AAPL | 5,803 | $1.6M | 0.21% |
| 45 | LAUDER ESTEE COS INC | 518439104 | 14,792 | $1.5M | 0.20% |
| 46 | BGC GROUP INC | BGC | 170,000 | $1.5M | 0.20% |
| 47 | ALCOA CORP | AA | 27,511 | $1.5M | 0.19% |
| 48 | PROSHARES TR | 74347R206 | 20,750 | $1.5M | 0.19% |
| 49 | MASTERCARD INCORPORATED | MA | 2,521 | $1.4M | 0.19% |
| 50 | HUMANA INC | HUM | 5,474 | $1.4M | 0.18% |
| 51 | AON PLC | AON | 3,877 | $1.4M | 0.18% |
| 52 | ARES CAPITAL CORP | ARCC | 65,544 | $1.3M | 0.17% |
| 53 | SHELL PLC | RYDAF | 15,210 | $1.1M | 0.15% |
| 54 | KRANESHARES TRUST | 500767306 | 27,792 | $946,318 | 0.12% |
| 55 | ELEVANCE HEALTH INC FORMERLY | ELV | 2,546 | $892,500 | 0.12% |
| 56 | HILTON WORLDWIDE HLDGS INC | HLT | 3,035 | $871,804 | 0.11% |
| 57 | QXO INC | QXO-PB | 44,000 | $848,760 | 0.11% |
| 58 | PTC INC | PTC | 4,173 | $726,978 | 0.09% |
| 59 | INVESCO QQQ TR | IVZ | 1,105 | $678,652 | 0.09% |
| 60 | INTUIT | INTU | 914 | $605,452 | 0.08% |
| 61 | LIBERTY BROADBAND CORP | LBRDP | 12,406 | $602,932 | 0.08% |
| 62 | BP PLC | BPPFF | 12,266 | $425,998 | 0.06% |
| 63 | ISHARES TR | 464287200 | 614 | $420,553 | 0.05% |
| 64 | NVIDIA CORPORATION | NVDA | 2,076 | $387,174 | 0.05% |
| 65 | ISHARES TR | 464287614 | 803 | $380,232 | 0.05% |
| 66 | MARTIN MARIETTA MATLS INC | 573284106 | 608 | $378,577 | 0.05% |
| 67 | LIVEONE INC | LVO | 78,823 | $372,045 | 0.05% |
| 68 | ALTI GLOBAL INC | ALTI | 77,817 | $361,071 | 0.05% |
| 69 | VULCAN MATLS CO | 929160109 | 1,208 | $344,546 | 0.04% |
| 70 | PROSHARES TR II | 74347Y680 | 9,000 | $323,370 | 0.04% |
| 71 | ISHARES TR | 464287598 | 1,456 | $306,227 | 0.04% |
| 72 | PODCASTONE INC | PODC | 100,238 | $247,588 | 0.03% |
| 73 | BANK AMERICA CORP | 060505104 | 4,149 | $228,195 | 0.03% |
| 74 | FS KKR CAP CORP | FSK | 12,058 | $178,572 | 0.02% |
| 75 | ABRDN INCOME CREDIT STRATEGI | ACP-PA | 27,500 | $150,906 | 0.02% |
| 76 | CRESCENT CAP BDC INC | 225655109 | 10,000 | $144,700 | 0.02% |
| 77 | READY CAPITAL CORP | RC-PE | 65,000 | $142,350 | 0.02% |
| 78 | MIDCAP FINANCIAL INVSTMNT CO | 03761U502 | 11,029 | $126,169 | 0.02% |
| 79 | BLACKROCK TCP CAPITAL CORP | TCPC | 21,406 | $117,090 | 0.02% |
| 80 | OPENDOOR TECHNOLOGIES INC | OPENZ | 10,000 | $58,300 | 0.01% |