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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 8 of 8  ·  151 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 NZF NUVEEN MUNICIPAL CREDIT INC Financial Services 11,397.0 $144K 0.03% NEW $12.64 -4.3%
142 VGM INVESCO TR INVT GRADE MUNS Financial Services 14,059.0 $142K 0.03% NEW $10.12 -1.6%
143 NEA NUVEEN AMT FREE QLTY MUN INC Financial Services 12,416.0 $142K 0.03% NEW $11.46 -3.1%
144 NAD NUVEEN QUALITY MUNCP INCOME Financial Services 12,024.0 $141K 0.03% NEW $11.76 -2.8%
145 VMO INVESCO MUN OPPORTUNITY TR Financial Services 14,549.0 $141K 0.03% NEW $9.67 -2.6%
146 MHD BLACKROCK MUNIHOLDINGS FD IN Financial Services 11,893.0 $140K 0.03% NEW $11.81 -4.5%
147 MQY BLACKROCK MUNIYILD QULT FD I Financial Services 11,892.0 $139K 0.03% NEW $11.71 -5.7%
148 VKQ INVESCO MUNICIPAL TRUST Financial Services 14,352.0 $138K 0.03% NEW $9.65 -2.1%
149 AGNC AGNC INVT CORP Real Estate 10,800.0 $107K 0.02% NEW $9.91 +2.2%
150 TBLA TABOOLA.COM LTD Communication Services 30,000.0 $102K 0.02% NEW $3.41 +46.5%
151 PCQ PIMCO CALIF MUN INCOME FD Financial Services 10,998.0 $96K 0.02% NEW $8.76 -2.0%
Page 8 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%