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Portfolio (Quarterly) Guide ↗

Permanent Capital Management, LP

· CIK 0002054108
13F Portfolio $535M AUM Filed Oct 17, 2025 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 151 New
Page 2 of 8  ·  151 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 UBS UBS GROUP AG Financial Services 69,327.0 $2.8M 0.53% NEW $41.00 +12.1%
22 COF CAPITAL ONE FINL CORP Financial Services 12,960.0 $2.8M 0.52% NEW $212.58 -13.9%
23 EXPAND ENERGY CORPORATION 24,184.0 $2.6M 0.48% NEW $106.24
24 CAT CATERPILLAR INC Industrials 5,369.0 $2.6M 0.48% NEW $477.15 +81.2%
25 GOOGL ALPHABET INC Communication Services 9,948.0 $2.4M 0.45% NEW $243.10 +60.4%
26 UNP UNION PAC CORP Industrials 10,090.0 $2.4M 0.45% NEW $236.37 +16.3%
27 CDZI CADIZ INC Utilities 496,519.0 $2.3M 0.44% NEW $4.72 -8.7%
28 LIFE360 INC 21,539.0 $2.3M 0.43% NEW $106.30
29 BK BANK NEW YORK MELLON CORP Financial Services 20,760.0 $2.3M 0.42% NEW $108.96 +26.2%
30 OI O-I GLASS INC Consumer Cyclical 167,295.0 $2.2M 0.41% NEW $12.97 -35.0%
31 GLNG GOLAR LNG LTD Energy 52,303.0 $2.1M 0.40% NEW $40.41 +39.6%
32 VT VANGUARD INTL EQUITY INDEX F 14,345.0 $2.0M 0.37% NEW $137.80 +11.2%
33 IAC IAC INC Technology 50,827.0 $1.7M 0.32% NEW $34.07 +19.0%
34 META META PLATFORMS INC Communication Services 2,229.0 $1.6M 0.31% NEW $734.38 -17.8%
35 GOOG ALPHABET INC Communication Services 6,397.0 $1.6M 0.29% NEW $243.55 +58.8%
36 L LOEWS CORP Financial Services 15,445.0 $1.6M 0.29% NEW $100.39 +7.3%
37 PCG PG&E CORP Utilities 99,973.0 $1.5M 0.28% NEW $15.10 +7.8%
38 TECK TECK RESOURCES LTD Basic Materials 32,270.0 $1.4M 0.27% NEW $43.89 +35.8%
39 ACTG ACACIA RESH CORP Industrials 405,345.0 $1.3M 0.25% NEW $3.25 +42.3%
40 QQQ INVESCO QQQ TR Financial Services 2,083.0 $1.3M 0.23% NEW $601.06 +17.1%
Page 2 of 8  ·  151 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 42.6%
Financial Services 20.3%
Consumer Cyclical 8.3%
Industrials 7.3%
Communication Services 5.6%
Healthcare 4.0%
Energy 3.8%
Utilities 3.4%
Consumer Defensive 3.1%
Basic Materials 1.3%