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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 8 of 8  ·  157 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 FORTINET INC 2,594.0 $206K 0.04% +18.0 +0.7% $79.41
142 RSG REPUBLIC SVCS INC Industrials 956.0 $203K 0.04% NEW $211.93 +1.4%
143 AES AES CORP Utilities 12,699.0 $182K 0.04% $14.34 +2.7%
144 PROCAP ACQUISITION CORP 14,038.0 $144K 0.03% $10.24
145 MHD BLACKROCK MUNIHOLDINGS FD IN Financial Services 12,038.0 $141K 0.03% +145.0 +1.2% $11.74 -2.6%
146 MMU WESTERN ASSET MANAGED MUNS F Financial Services 13,513.0 $141K 0.03% NEW $10.44 -3.3%
147 MUC BLACKROCK MUNIHLDNGS CALI QL Financial Services 13,206.0 $140K 0.03% NEW $10.60 -0.2%
148 GBDC GOLUB CAP BDC INC Financial Services 10,300.0 $140K 0.03% NEW $13.57 -5.8%
149 MUJ BLACKROCK MUNIHLDGS NJ QLTY Financial Services 11,741.0 $140K 0.03% NEW $11.90 +1.8%
150 NRK NUVEEN NEW YORK AMT QLT MUNI Financial Services 13,836.0 $140K 0.03% NEW $10.09 +2.3%
151 MYI BLACKROCK MUNIYIELD QUALITY Financial Services 12,842.0 $140K 0.03% NEW $10.87 -1.4%
152 MQY BLACKROCK MUNIYILD QULT FD I Financial Services 12,343.0 $139K 0.03% +451.0 +3.8% $11.30 -1.3%
153 TBLA TABOOLA.COM LTD Communication Services 30,000.0 $138K 0.03% $4.61 +10.0%
154 PML PIMCO MUN INCOME FD II Financial Services 18,185.0 $138K 0.03% -3K -12.4% $7.58 -2.6%
155 RPC P10 INC Financial Services 13,551.0 $133K 0.03% $9.81 -15.9%
156 AGNC AGNC INVT CORP Real Estate 10,800.0 $117K 0.02% $10.84 -5.4%
157 BLACKROCK MUNIVEST FD INC 12,751.0 $88K 0.02% NEW $6.93
Page 8 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%