Permanent Capital Management, Lp Top Holdings and 13F Report (2025) About Permanent Capital Management, LpInvestment ActivityPermanent Capital Management, Lp has $534.94 million in total holdings as of September 30, 2025.Permanent Capital Management, Lp owns shares of 151 different stocks, but just 17 companies or ETFs make up 80% of its holdings.Approximately 35.65% of the portfolio was purchased this quarter.About 8.14% of the portfolio was sold this quarter.This quarter, Permanent Capital Management, Lp has purchased 79 new stocks and bought additional shares in 31 stocks.Permanent Capital Management, Lp sold shares of 22 stocks and completely divested from 11 stocks this quarter.Largest Holdings Vanguard S&P 500 ETF $149,442,072Vanguard Intermediate-Term Treasury ETF $42,071,134Invesco S&P 500 Equal Weight ETF $41,110,171Vanguard FTSE Developed Markets ETF $39,348,129Microsoft $37,507,615 Largest New Holdings this Quarter 464288257 - iShares MSCI ACWI ETF $7,584,123 Holding78462F103 - SPDR S&P 500 ETF Trust $3,662,037 Holding78463V107 - SPDR Gold Shares $3,566,075 HoldingH42097107 - UBS Group $2,842,407 Holding14040H105 - Capital One Financial $2,755,037 Holding Largest Purchases this Quarter Vanguard S&P 500 ETF 110,170 shares (about $67.66M)Invesco S&P 500 Equal Weight ETF 48,170 shares (about $9.14M)iShares MSCI ACWI ETF 54,862 shares (about $7.58M)Vanguard Total Stock Market ETF 21,911 shares (about $7.21M)Vanguard FTSE Emerging Markets ETF 68,543 shares (about $3.71M) Largest Sales this Quarter Vanguard Intermediate-Term Treasury ETF 314,889 shares (about $18.90M)iShares Core U.S. Aggregate Bond ETF 48,206 shares (about $4.83M)WisdomTree Floating Rate Treasury Fund 75,960 shares (about $3.82M)SPDR Portfolio Long Term Treasury ETF 90,328 shares (about $2.43M)Vanguard Short-Term Treasury ETF 10,497 shares (about $617.75K) Sector Allocation Over TimeMap of 500 Largest Holdings ofPermanent Capital Management, Lp Selling Neutral Buying Latest 13F Holdings and Changes Since Previous Quarterly FilingIssuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSectorVOOVanguard S&P 500 ETF$149,442,072$67,657,722 ▲82.7%243,34327.9%ETFVGITVanguard Intermediate-Term Treasury ETF$42,071,134$18,902,791 ▼-31.0%700,8357.9%ETFRSPInvesco S&P 500 Equal Weight ETF$41,110,171$9,137,870 ▲28.6%216,7117.7%ETFVEAVanguard FTSE Developed Markets ETF$39,348,129$3,693,887 ▲10.4%656,6787.4%ETFMSFTMicrosoft$37,507,615$3,154,812 ▲9.2%72,4167.0%Computer and TechnologyUSFRWisdomTree Floating Rate Treasury Fund$21,038,598$3,818,509 ▼-15.4%418,5123.9%FinanceVBVanguard Small-Cap ETF$16,655,180$2,688,582 ▲19.3%65,2933.1%ETFVWOVanguard FTSE Emerging Markets ETF$15,534,230$3,713,662 ▲31.4%286,7152.9%ETFAGGiShares Core U.S. Aggregate Bond ETF$13,663,759$4,832,646 ▼-26.1%136,2972.6%FinanceAURAurora Innovation$13,445,571$144,452 ▼-1.1%2,494,5402.5%Business ServicesVTIVanguard Total Stock Market ETF$8,230,221$7,210,411 ▲707.0%25,0101.5%ETFACWIiShares MSCI ACWI ETF$7,584,123$7,584,123 ▲New Holding54,8621.4%ManufacturingSPTLSPDR Portfolio Long Term Treasury ETF$7,267,156$2,434,342 ▼-25.1%269,6531.4%ETFIWFiShares Russell 1000 Growth ETF$4,099,9930.0%8,7530.8%ETFNVDANVIDIA$3,999,553$1,230,560 ▲44.4%21,4350.7%Computer and TechnologySPYSPDR S&P 500 ETF Trust$3,662,037$3,662,037 ▲New Holding5,4820.7%FinanceGLDSPDR Gold Shares$3,566,075$3,566,075 ▲New Holding10,0320.7%FinanceAAPLApple$3,549,288$1,142,270 ▲47.5%13,9390.7%Computer and TechnologyKCCAKraneShares California Carbon Allowance Strategy ETF$3,059,624$26,971 ▼-0.9%179,2400.6%ETFAMZNAmazon.com$2,944,434$1,374,289 ▲87.5%13,4100.6%Retail/WholesaleUBSUBS Group$2,842,407$2,842,407 ▲New Holding69,3270.5%FinanceCOFCapital One Financial$2,755,037$2,755,037 ▲New Holding12,9600.5%FinanceCHKChesapeake Energy$2,569,308$2,569,308 ▲New Holding24,1840.5%EnergyCATCaterpillar$2,561,818$2,561,818 ▲New Holding5,3690.5%IndustrialsGOOGLAlphabet$2,418,359$2,008,735 ▲490.4%9,9480.5%Computer and TechnologyUNPUnion Pacific$2,384,973$2,384,973 ▲New Holding10,0900.4%TransportationCDZICadiz$2,343,570$2,343,570 ▲New Holding496,5190.4%Consumer StaplesLIFE360 INC$2,289,5960.0%21,5390.4%COMBKBank of New York Mellon$2,262,010$2,262,010 ▲New Holding20,7600.4%FinanceOIO-I Glass$2,169,816$2,169,816 ▲New Holding167,2950.4%IndustrialsGLNGGolar LNG$2,113,564$2,113,564 ▲New Holding52,3030.4%EnergyVTVanguard Total World Stock ETF$1,976,741$1,976,741 ▲New Holding14,3450.4%ETFIACIAC$1,731,676$1,731,676 ▲New Holding50,8270.3%Multi-Sector ConglomeratesMETAMeta Platforms$1,636,933$248,220 ▲17.9%2,2290.3%Computer and TechnologyGOOGAlphabet$1,557,989$1,705 ▲0.1%6,3970.3%Computer and TechnologyLLoews$1,550,524$1,550,524 ▲New Holding15,4450.3%FinancePCGPacific Gas & Electric$1,510,092$1,510,092 ▲New Holding99,9730.3%UtilitiesTECKTeck Resources$1,416,330$1,416,330 ▲New Holding32,2700.3%Basic MaterialsACTGAcacia Research$1,317,371$1,317,371 ▲New Holding405,3450.2%Business ServicesQQQInvesco QQQ$1,252,016$1,252,016 ▲New Holding2,0830.2%FinanceCCitigroup$1,238,402$1,238,402 ▲New Holding12,2010.2%Financial ServicesBPBP$1,222,985$1,222,985 ▲New Holding35,4900.2%EnergyJBS N.V.$1,221,229$1,221,229 ▲New Holding81,7970.2%CL A SHSAXSAxis Capital$1,189,045$1,189,045 ▲New Holding12,3550.2%FinanceULUnilever$1,176,174$1,176,174 ▲New Holding19,8410.2%Consumer StaplesJPMJPMorgan Chase & Co.$1,170,245$176,325 ▲17.7%3,7100.2%FinanceBWXTBWX Technologies$1,161,531$1,161,531 ▲New Holding6,3000.2%AerospaceIWMiShares Russell 2000 ETF$1,147,858$368,747 ▲47.3%4,7440.2%FinanceAVGOBroadcom$1,135,880$330,900 ▲41.1%3,4430.2%Computer and TechnologyWMTWalmart$1,102,742$677,929 ▲159.6%10,7000.2%Retail/WholesaleGMGeneral Motors$1,101,545$1,101,545 ▲New Holding18,0670.2%Auto/Tires/TrucksMTNVail Resorts$1,091,263$1,091,263 ▲New Holding7,2960.2%Consumer DiscretionaryJNJJohnson & Johnson$1,074,694$847,740 ▲373.5%5,7960.2%MedicalHZOMarineMax$1,071,510$1,071,510 ▲New Holding42,3020.2%Retail/WholesaleARMKAramark$1,061,798$1,061,798 ▲New Holding27,6510.2%Business ServicesAIGAmerican International Group$1,007,354$1,007,354 ▲New Holding12,8260.2%FinanceXOMExxon Mobil$920,040$920,040 ▲New Holding8,1600.2%EnergyAURAAura Biosciences$913,212$913,212 ▲New Holding147,7690.2%MedicalCNNECannae$897,190$897,190 ▲New Holding49,0000.2%FinanceVVisa$876,6640.0%2,5680.2%Business ServicesCICigna Group$876,568$876,568 ▲New Holding3,0410.2%MedicalCOSTCostco Wholesale$873,795$379,508 ▲76.8%9440.2%Retail/WholesaleALITAlight$847,600$847,600 ▲New Holding260,0000.2%Computer and TechnologySPGIS&P Global$826,434$461,888 ▲126.7%1,6980.2%FinanceNWSANews$812,182$812,182 ▲New Holding26,3610.2%Consumer DiscretionaryKOCocaCola$811,316$811,316 ▲New Holding12,1400.2%Consumer StaplesNTRSNorthern Trust$811,046$811,046 ▲New Holding5,9900.2%FinanceMGMMGM Resorts International$737,911$737,911 ▲New Holding21,2900.1%Consumer DiscretionaryABBVAbbVie$719,8580.0%3,1090.1%MedicalBCBrunswick$710,185$710,185 ▲New Holding11,2300.1%Consumer DiscretionaryKBWBInvesco KBW Bank ETF$699,901$63,115 ▼-8.3%8,9490.1%ManufacturingVZVerizon Communications$690,674$690,674 ▲New Holding15,7150.1%Computer and TechnologyVGSHVanguard Short-Term Treasury ETF$679,247$617,749 ▼-47.6%11,5420.1%ETFDEDeere & Company$670,424$670,424 ▲New Holding1,4610.1%IndustrialsMMCMarsh & McLennan Companies$648,927$648,927 ▲New Holding3,2200.1%FinanceBACBank of America$648,7440.0%12,5750.1%FinanceALKAlaska Air Group$617,023$617,023 ▲New Holding12,3950.1%TransportationIBMInternational Business Machines$609,748$609,748 ▲New Holding2,1610.1%Computer and TechnologyCVXChevron$551,901$551,901 ▲New Holding3,5540.1%EnergyNEENextEra Energy$536,8850.0%7,1120.1%UtilitiesSPRYARS Pharmaceuticals$536,077$536,077 ▲New Holding53,3410.1%MedicalREDDIT INC$517,478$517,478 ▲New Holding2,2500.1%CL AMBLYMobileye Global$508,320$508,320 ▲New Holding36,0000.1%Auto/Tires/TrucksISHGiShares 1-3 Year International Treasury Bond ETF$483,819$483,819 ▲New Holding6,3510.1%ETFAPOApollo Global Management$464,313$268,139 ▲136.7%3,4840.1%FinanceICEIntercontinental Exchange$434,3410.0%2,5780.1%FinanceMCKMcKesson$433,855$19,334 ▼-4.3%5610.1%MedicalOWLBlue Owl Capital$425,722$425,722 ▲New Holding25,1460.1%FinanceEFAiShares MSCI EAFE ETF$425,020$425,020 ▲New Holding4,5520.1%FinanceMCDMcDonald's$420,584$420,584 ▲New Holding1,3840.1%Retail/WholesaleSPOTSpotify Technology$400,652$400,652 ▲New Holding5740.1%Computer and TechnologyFDVVFidelity High Dividend ETF$395,3740.0%7,0970.1%ETFSUISun Communities$390,120$390,120 ▲New Holding3,0000.1%FinanceAMATApplied Materials$386,959$386,959 ▲New Holding1,8900.1%Computer and TechnologyCNXCNX Resources$378,566$378,566 ▲New Holding11,7860.1%EnergyKMBKimberly-Clark$376,926$376,926 ▲New Holding3,0010.1%Consumer StaplesETNEaton$375,747$375,747 ▲New Holding1,0040.1%IndustrialsCORCencora$370,973$15,939 ▼-4.1%1,1870.1%MedicalFBNDFidelity Total Bond ETF$368,5720.0%7,9420.1%ETFCCKCrown$367,718$367,718 ▲New Holding3,8070.1%IndustrialsShowing largest 100 holdings. View all holdings. More Institutional Buying and Selling Information SEC Filings and Trading Data SEC Filings 13F Filings Top 13F Buys Top 13F Sells Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. 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