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Portfolio (Quarterly) Guide ↗

Permanent Capital Management, LP

· CIK 0002054108
13F Portfolio $513M AUM 157 positions Filed Jan 7, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 23 New 46 Added 49 Reduced 17 Exited
Page 2 of 3  ·  49 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 V VISA INC Financial Services 2,479.0 $869K 0.17% -89.0 -3.5% $350.71 -6.2%
22 KO COCA COLA CO Consumer Defensive 12,069.0 $844K 0.16% -71.0 -0.6% $69.91 +17.3%
23 BWXT BWX TECHNOLOGIES INC Industrials 4,838.0 $836K 0.16% -1K -23.2% $172.84 +15.0%
24 COST COSTCO WHSL CORP NEW Consumer Defensive 879.0 $758K 0.15% -65.0 -6.9% $862.34 +26.3%
25 KBWB INVESCO EXCH TRADED FD TR II 8,670.0 $731K 0.14% -279.0 -3.1% $84.29 -0.3%
26 BC BRUNSWICK CORP Consumer Cyclical 9,230.0 $685K 0.13% -2K -17.8% $74.24 -0.8%
27 BAC BANK AMERICA CORP Financial Services 11,645.0 $640K 0.12% -930.0 -7.4% $55.00 -8.1%
28 VZ VERIZON COMMUNICATIONS INC Communication Services 15,164.0 $618K 0.12% -551.0 -3.5% $40.73 +17.8%
29 SPRY ARS PHARMACEUTICALS INC Healthcare 52,306.0 $609K 0.12% -1K -1.9% $11.65 -37.3%
30 IBM INTERNATIONAL BUSINESS MACHS Technology 2,015.0 $597K 0.12% -146.0 -6.8% $296.21 -26.7%
31 AMAT APPLIED MATLS INC Technology 1,791.0 $460K 0.09% -99.0 -5.2% $256.99 +63.4%
32 ISHG ISHARES TR 5,749.0 $433K 0.08% -602.0 -9.5% $75.24 -0.1%
33 EFA ISHARES TR 4,425.0 $425K 0.08% -127.0 -2.8% $96.03 +6.4%
34 AURA AURA BIOSCIENCES INC Healthcare 75,864.0 $413K 0.08% -72K -48.7% $5.45 +41.2%
35 APOS APOLLO GLOBAL MGMT INC Financial Services 2,654.0 $384K 0.07% -830.0 -23.8% $144.76 -82.2%
36 CNNE CANNAE HLDGS INC Consumer Cyclical 22,000.0 $346K 0.07% -27K -55.1% $15.73 -15.9%
37 MCK MCKESSON CORP Healthcare 397.0 $326K 0.06% -164.0 -29.2% $821.33 -7.9%
38 HWM HOWMET AEROSPACE INC Industrials 1,477.0 $303K 0.06% -147.0 -9.1% $205.02 +25.0%
39 TMO THERMO FISHER SCIENTIFIC INC Healthcare 482.0 $280K 0.05% -162.0 -25.2% $579.88 -23.9%
40 CENCORA INC 818.0 $276K 0.05% -369.0 -31.1% $337.75
Page 2 of 3  ·  49 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 37.2%
Financial Services 23.1%
Industrials 8.5%
Consumer Cyclical 7.5%
Communication Services 6.4%
Healthcare 4.7%
Utilities 4.0%
Energy 3.5%
Consumer Defensive 2.7%
Basic Materials 1.6%