13F HOLDINGS REPORT
Permanent Capital Management, LP
Quarter ended Q2 2025 · Filed July 15, 2025 · Accession 0001951757-25-000843
Total Value
$478.7M
Positions
158
Other Managers
0
Confidential Omitted
No
Holdings (158)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | 922908363 | 181,967 | $103.7M | 21.66% |
| 2 | VANGUARD SCOTTSDALE FDS | 92206C706 | 826,342 | $49.4M | 10.32% |
| 3 | VANGUARD TAX-MANAGED FDS | 921943858 | 697,740 | $39.8M | 8.31% |
| 4 | INVESCO EXCHANGE TRADED FD T | IVZ | 216,502 | $39.3M | 8.22% |
| 5 | MICROSOFT CORP | MSFT | 72,532 | $36.1M | 7.54% |
| 6 | WISDOMTREE TR | WT | 497,517 | $25.0M | 5.23% |
| 7 | VANGUARD INTL EQUITY INDEX F | 922042858 | 334,043 | $16.5M | 3.45% |
| 8 | VANGUARD INDEX FDS | 922908751 | 65,367 | $15.5M | 3.25% |
| 9 | ISHARES TR | 464287226 | 135,958 | $13.5M | 2.82% |
| 10 | AURORA INNOVATION INC | AUROW | 2,494,540 | $13.1M | 2.73% |
| 11 | VANGUARD INDEX FDS | 922908769 | 25,010 | $7.6M | 1.59% |
| 12 | SPDR SERIES TRUST | 78464A664 | 266,864 | $7.1M | 1.48% |
| 13 | ISHARES TR | 464287614 | 8,753 | $3.7M | 0.78% |
| 14 | SPDR S&P 500 ETF TR | SPY | 5,482 | $3.4M | 0.71% |
| 15 | NVIDIA CORPORATION | NVDA | 20,337 | $3.2M | 0.67% |
| 16 | SPDR GOLD TR | GLD | 9,708 | $3.0M | 0.62% |
| 17 | AMAZON COM INC | AMZN | 13,439 | $2.9M | 0.62% |
| 18 | APPLE INC | AAPL | 13,917 | $2.9M | 0.60% |
| 19 | KRANESHARES TRUST | 500767553 | 179,240 | $2.8M | 0.58% |
| 20 | CAPITAL ONE FINL CORP | 14040H105 | 12,960 | $2.8M | 0.58% |
| 21 | O-I GLASS INC | OI | 180,405 | $2.7M | 0.56% |
| 22 | UBS GROUP AG | UBS | 69,327 | $2.3M | 0.49% |
| 23 | GOLAR LNG LTD | GLNG | 54,869 | $2.3M | 0.47% |
| 24 | CATERPILLAR INC | CAT | 5,369 | $2.1M | 0.44% |
| 25 | TECK RESOURCES LTD | TCKRF | 51,249 | $2.1M | 0.43% |
| 26 | UNION PAC CORP | UNP | 8,505 | $2.0M | 0.41% |
| 27 | BANK NEW YORK MELLON CORP | 064058100 | 20,760 | $1.9M | 0.40% |
| 28 | VANGUARD INTL EQUITY INDEX F | 922042742 | 14,345 | $1.8M | 0.39% |
| 29 | ALPHABET INC | GOOG | 9,930 | $1.7M | 0.37% |
| 30 | META PLATFORMS INC | META | 2,141 | $1.6M | 0.33% |
| 31 | IAC INC | IAC | 41,827 | $1.6M | 0.33% |
| 32 | EXPAND ENERGY CORPORATION | EXE | 12,224 | $1.4M | 0.30% |
| 33 | LOEWS CORP | L | 15,447 | $1.4M | 0.30% |
| 34 | LIFE360 INC | LIFX | 21,539 | $1.4M | 0.29% |
| 35 | PG&E CORP | PCG-PX | 99,973 | $1.4M | 0.29% |
| 36 | UNILEVER PLC | UNLYF | 22,388 | $1.4M | 0.29% |
| 37 | AXIS CAP HLDGS LTD | G0692U109 | 12,355 | $1.3M | 0.27% |
| 38 | VANGUARD SCOTTSDALE FDS | 92206C102 | 20,928 | $1.2M | 0.26% |
| 39 | ALPHABET INC | GOOG | 6,841 | $1.2M | 0.25% |
| 40 | ISHARES TR | 464288125 | 15,149 | $1.2M | 0.24% |
| 41 | INVESCO QQQ TR | IVZ | 2,083 | $1.2M | 0.24% |
| 42 | MARINEMAX INC | HZO | 45,266 | $1.1M | 0.24% |
| 43 | ISHARES TR | 464287655 | 5,235 | $1.1M | 0.24% |
| 44 | AMERICAN INTL GROUP INC | 026874784 | 12,826 | $1.1M | 0.23% |
| 45 | JPMORGAN CHASE & CO. | VYLD | 3,710 | $1.1M | 0.22% |
| 46 | BP PLC | BPPFF | 35,490 | $1.1M | 0.22% |
| 47 | WALMART INC | WMT | 10,700 | $1.0M | 0.22% |
| 48 | CITIGROUP INC | C-PR | 12,201 | $1.0M | 0.22% |
| 49 | CANNAE HLDGS INC | CNNE | 49,000 | $1.0M | 0.21% |
| 50 | CADIZ INC | CDZIP | 321,022 | $959,856 | 0.20% |
| 51 | COSTCO WHSL CORP NEW | 22160K105 | 958 | $948,363 | 0.20% |
| 52 | BROADCOM INC | AVGO | 3,424 | $943,826 | 0.20% |
| 53 | PRIMO BRANDS CORPORATION | PRMB | 31,852 | $943,456 | 0.20% |
| 54 | BWX TECHNOLOGIES INC | BWXT | 6,375 | $918,382 | 0.19% |
| 55 | VISA INC | V | 2,568 | $911,768 | 0.19% |
| 56 | AURA BIOSCIENCES INC | AURA | 144,229 | $902,874 | 0.19% |
| 57 | GENERAL MTRS CO | 37045V100 | 18,067 | $889,077 | 0.19% |
| 58 | JOHNSON & JOHNSON | JNJ | 5,796 | $885,339 | 0.18% |
| 59 | JBS N.V. | JBS | 60,000 | $876,600 | 0.18% |
| 60 | COCA COLA CO | KO | 11,973 | $853,196 | 0.18% |
| 61 | NEWS CORP NEW | NWSLL | 26,361 | $783,449 | 0.16% |
| 62 | NORTHERN TR CORP | NTRSO | 5,990 | $763,965 | 0.16% |
| 63 | INTERNATIONAL BUSINESS MACHS | INTR | 2,574 | $758,764 | 0.16% |
| 64 | DEERE & CO | DE | 1,461 | $745,271 | 0.16% |
| 65 | ARS PHARMACEUTICALS INC | SPRY | 42,623 | $743,771 | 0.16% |
| 66 | MGM RESORTS INTERNATIONAL | MGM | 21,293 | $732,266 | 0.15% |
| 67 | EXXON MOBIL CORP | XOM | 6,608 | $712,342 | 0.15% |
| 68 | MARSH & MCLENNAN COS INC | 571748102 | 3,220 | $704,021 | 0.15% |
| 69 | VERIZON COMMUNICATIONS INC | VZ | 15,715 | $679,988 | 0.14% |
| 70 | INVESCO EXCH TRADED FD TR II | IVZ | 8,949 | $640,927 | 0.13% |
| 71 | ALASKA AIR GROUP INC | ALK | 12,841 | $635,373 | 0.13% |
| 72 | BUNGE GLOBAL SA | BG | 7,735 | $620,966 | 0.13% |
| 73 | BRUNSWICK CORP | BC-PC | 11,230 | $620,345 | 0.13% |
| 74 | ISHARES TR | 464288117 | 13,872 | $597,883 | 0.12% |
| 75 | BANK AMERICA CORP | 060505104 | 12,575 | $595,049 | 0.12% |
| 76 | ABBVIE INC | ABBV | 3,109 | $577,093 | 0.12% |
| 77 | S&P GLOBAL INC | SPGI | 1,063 | $560,509 | 0.12% |
| 78 | ACACIA RESH CORP | 003881307 | 156,000 | $558,480 | 0.12% |
| 79 | SYNOVUS FINL CORP | 87161C501 | 9,500 | $495,330 | 0.10% |
| 80 | NEXTERA ENERGY INC | NEE-PW | 7,112 | $493,715 | 0.10% |
| 81 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 2,578 | $472,986 | 0.10% |
| 82 | HESS CORP | HESM | 3,293 | $456,212 | 0.10% |
| 83 | ALIGHT INC | ALIT | 80,000 | $452,800 | 0.09% |
| 84 | INTERNATIONAL PAPER CO | 460146103 | 9,370 | $438,797 | 0.09% |
| 85 | APOLLO GLOBAL MGMT INC | 03769M106 | 3,059 | $433,980 | 0.09% |
| 86 | MCKESSON CORP | MCK | 561 | $411,488 | 0.09% |
| 87 | MCDONALDS CORP | MCD | 1,384 | $404,363 | 0.08% |
| 88 | CNX RES CORP | CNX | 11,786 | $396,952 | 0.08% |
| 89 | MOTOROLA SOLUTIONS INC | MSI | 935 | $394,149 | 0.08% |
| 90 | CONOCOPHILLIPS | COP | 4,388 | $393,779 | 0.08% |
| 91 | CROWN HLDGS INC | CCK | 3,807 | $392,045 | 0.08% |
| 92 | KIMBERLY-CLARK CORP | KMB | 3,001 | $390,670 | 0.08% |
| 93 | FORTINET INC | FTNT | 3,647 | $385,561 | 0.08% |
| 94 | SUN CMNTYS INC | 866674104 | 3,000 | $382,590 | 0.08% |
| 95 | ISHARES TR | 46432F339 | 2,060 | $376,609 | 0.08% |
| 96 | FIDELITY COVINGTON TRUST | 316092840 | 7,097 | $369,186 | 0.08% |
| 97 | BOSTON SCIENTIFIC CORP | BSX | 3,431 | $368,524 | 0.08% |
| 98 | MSCI INC | MSCI | 636 | $366,807 | 0.08% |
| 99 | FIDELITY MERRIMACK STR TR | 316188309 | 7,942 | $364,744 | 0.08% |
| 100 | NORTHROP GRUMMAN CORP | NOC | 717 | $358,486 | 0.07% |
| 101 | CENCORA INC | COR | 1,187 | $355,922 | 0.07% |
| 102 | BUILDERS FIRSTSOURCE INC | BLDR | 3,000 | $350,070 | 0.07% |
| 103 | APPLIED MATLS INC | 038222105 | 1,890 | $346,002 | 0.07% |
| 104 | REDDIT INC | RDDT | 2,250 | $338,782 | 0.07% |
| 105 | TRANSUNION | TRU | 3,722 | $327,536 | 0.07% |
| 106 | SPOTIFY TECHNOLOGY S A | SPOT | 406 | $311,540 | 0.07% |
| 107 | BROOKFIELD CORP | 11271J107 | 4,919 | $304,240 | 0.06% |
| 108 | HOWMET AEROSPACE INC | HWM | 1,624 | $302,275 | 0.06% |
| 109 | GARTNER INC | IT | 745 | $301,144 | 0.06% |
| 110 | ISHARES TR | 464287408 | 1,541 | $301,142 | 0.06% |
| 111 | BGC GROUP INC | BGC | 28,378 | $290,307 | 0.06% |
| 112 | EATON CORP PLC | ETN | 813 | $290,233 | 0.06% |
| 113 | SERVICENOW INC | NOW | 281 | $288,890 | 0.06% |
| 114 | DIAGEO PLC | DGEAF | 2,840 | $286,386 | 0.06% |
| 115 | AMEREN CORP | AEE | 2,903 | $278,804 | 0.06% |
| 116 | BLUE OWL CAPITAL INC | OWL | 13,960 | $268,172 | 0.06% |
| 117 | DANAHER CORPORATION | 235851102 | 1,355 | $268,100 | 0.06% |
| 118 | INTUITIVE SURGICAL INC | ISRG | 486 | $264,097 | 0.06% |
| 119 | THERMO FISHER SCIENTIFIC INC | TMO | 644 | $261,393 | 0.05% |
| 120 | DIGITAL RLTY TR INC | 253868103 | 1,464 | $255,219 | 0.05% |
| 121 | TAKE-TWO INTERACTIVE SOFTWAR | TTWO | 1,019 | $247,464 | 0.05% |
| 122 | PVH CORPORATION | PVH | 3,600 | $246,960 | 0.05% |
| 123 | ATLANTA BRAVES HLDGS INC | BATRB | 5,000 | $246,050 | 0.05% |
| 124 | SCHLUMBERGER LTD | SLB | 7,064 | $240,776 | 0.05% |
| 125 | HILTON WORLDWIDE HLDGS INC | HLT | 890 | $237,043 | 0.05% |
| 126 | SHERWIN WILLIAMS CO | SHW | 687 | $235,888 | 0.05% |
| 127 | HALLADOR ENERGY COMPANY | HNRG | 14,886 | $235,645 | 0.05% |
| 128 | SUBURBAN PROPANE PARTNERS L | SPH | 12,614 | $233,737 | 0.05% |
| 129 | PFIZER INC | PFE | 9,465 | $229,432 | 0.05% |
| 130 | UNITEDHEALTH GROUP INC | UNH | 731 | $228,050 | 0.05% |
| 131 | MERCADOLIBRE INC | MELI | 83 | $216,931 | 0.05% |
| 132 | 3M CO | MMM | 1,407 | $214,202 | 0.04% |
| 133 | ISHARES TR | 464287465 | 2,390 | $213,642 | 0.04% |
| 134 | CRH PLC | CRH | 2,258 | $207,284 | 0.04% |
| 135 | TRANE TECHNOLOGIES PLC | TT | 469 | $205,145 | 0.04% |
| 136 | TESLA INC | TSLA | 642 | $203,938 | 0.04% |
| 137 | FISERV INC | FISV | 1,176 | $202,754 | 0.04% |
| 138 | ARAMARK | ARMK | 4,800 | $200,976 | 0.04% |
| 139 | PAYCHEX INC | PAYX | 1,376 | $200,153 | 0.04% |
| 140 | RENATUS TACTICAL ACQUIS | RTACW | 12,858 | $163,682 | 0.03% |
| 141 | CANTOR EQUITY PARTNERS II IN | G1827P106 | 14,185 | $156,461 | 0.03% |
| 142 | PROCAP ACQUISITION CORP | PCAPW | 14,038 | $150,487 | 0.03% |
| 143 | M3BRIGADE ACQUISITION V CORP | G63212107 | 13,296 | $150,112 | 0.03% |
| 144 | P10 INC | 69376K106 | 13,500 | $137,970 | 0.03% |
| 145 | NUVEEN MUNICIPAL CREDIT INC | NU | 11,397 | $136,758 | 0.03% |
| 146 | NUVEEN QUALITY MUNCP INCOME | NU | 12,024 | $136,659 | 0.03% |
| 147 | NUVEEN AMT FREE QLTY MUN INC | NU | 12,416 | $136,489 | 0.03% |
| 148 | BLACKROCK MUNIHOLDINGS FD IN | BLK | 11,893 | $133,909 | 0.03% |
| 149 | INVESCO MUN OPPORTUNITY TR | IVZ | 14,549 | $133,560 | 0.03% |
| 150 | AES CORP | AES | 12,695 | $133,551 | 0.03% |
| 151 | INVESCO TR INVT GRADE MUNS | IVZ | 14,059 | $133,420 | 0.03% |
| 152 | BLACKROCK MUNIYILD QULT FD I | BLK | 11,892 | $133,038 | 0.03% |
| 153 | INVESCO MUNICIPAL TRUST | VKQ | 14,352 | $131,321 | 0.03% |
| 154 | CHURCHILL CAP CORP X | G2130T124 | 12,506 | $128,821 | 0.03% |
| 155 | TABOOLA.COM LTD | TBLAW | 30,000 | $109,800 | 0.02% |
| 156 | AGNC INVT CORP | 00123Q104 | 10,800 | $100,548 | 0.02% |
| 157 | PIMCO MUN INCOME FD III | 72201A103 | 11,556 | $79,656 | 0.02% |
| 158 | PIMCO MUN INCOME FD II | 72200W106 | 10,129 | $75,861 | 0.02% |