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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 3 of 8  ·  157 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 IWM ISHARES TR 5,308.0 $1.3M 0.26% +564.0 +11.9% $246.16 +11.2%
42 GM GENERAL MTRS CO Consumer Cyclical 15,091.0 $1.2M 0.24% -3K -16.5% $81.32 -9.6%
43 AVGO BROADCOM INC Technology 3,493.0 $1.2M 0.24% +50.0 +1.4% $346.10 +20.4%
44 WMT WALMART INC Consumer Defensive 10,808.0 $1.2M 0.23% +108.0 +1.0% $111.64 +19.4%
45 C CITIGROUP INC Financial Services 10,148.0 $1.2M 0.23% -2K -16.8% $116.69 +3.0%
46 JBS N.V. 81,797.0 $1.2M 0.23% $14.42
47 JNJ JOHNSON & JOHNSON Healthcare 5,664.0 $1.2M 0.23% -132.0 -2.3% $206.95 +11.9%
48 UNILEVER PLC 17,621.0 $1.2M 0.23% NEW $65.40
49 AIG AMERICAN INTL GROUP INC Financial Services 12,844.0 $1.1M 0.21% $85.55 -10.0%
50 PGR PROGRESSIVE CORP Financial Services 4,737.0 $1.1M 0.21% NEW $227.72 -11.5%
51 JPM JPMORGAN CHASE & CO. Financial Services 3,327.0 $1.1M 0.21% -383.0 -10.3% $322.22 -8.8%
52 HZO MARINEMAX INC Consumer Cyclical 42,302.0 $1.0M 0.20% $24.23 +30.5%
53 XOM EXXON MOBIL CORP Energy 8,263.0 $994K 0.19% +103.0 +1.3% $120.34 +35.7%
54 BP BP PLC Energy 27,993.0 $972K 0.19% -7K -21.1% $34.73 +32.8%
55 LIFE360 INC 14,328.0 $919K 0.18% -7K -33.5% $64.14
56 BDX BECTON DICKINSON & CO Healthcare 4,684.0 $909K 0.18% NEW $194.07 -25.4%
57 SPGI S&P GLOBAL INC Financial Services 1,667.0 $871K 0.17% -31.0 -1.8% $522.59 -22.5%
58 V VISA INC Financial Services 2,479.0 $869K 0.17% -89.0 -3.5% $350.71 -6.2%
59 KO COCA COLA CO Consumer Defensive 12,069.0 $844K 0.16% -71.0 -0.6% $69.91 +17.3%
60 KMB KIMBERLY-CLARK CORP Consumer Defensive 8,187.0 $837K 0.16% +5K +172.8% $102.27 -5.7%
Page 3 of 8  ·  157 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%