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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 1 of 8  ·  157 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 VOO VANGUARD INDEX FDS 245,519.0 $154.0M 30.00% +2K +0.9% $627.13 +7.6%
2 RSP INVESCO EXCHANGE TRADED FD T 218,091.0 $41.8M 8.14% +1K +0.6% $191.56 +5.3%
3 VEA VANGUARD TAX-MANAGED FDS 667,846.0 $41.7M 8.13% +11K +1.7% $62.47 +10.4%
4 VGIT VANGUARD SCOTTSDALE FDS 590,480.0 $35.4M 6.89% -110K -15.8% $59.93 -2.5%
5 MSFT MICROSOFT CORP Technology 72,189.0 $34.9M 6.80% $483.62 -12.4%
6 USFR WISDOMTREE TR 348,134.0 $17.5M 3.41% -70K -16.8% $50.32 +0.2%
7 VWO VANGUARD INTL EQUITY INDEX F 292,437.0 $15.7M 3.06% +6K +2.0% $53.76 +7.6%
8 AGG ISHARES TR 138,582.0 $13.8M 2.70% +2K +1.7% $99.88 -2.3%
9 VTI VANGUARD INDEX FDS 23,727.0 $8.0M 1.55% -1K -5.1% $335.27 +7.4%
10 ACWI ISHARES TR 54,862.0 $7.8M 1.51% $141.49 +8.2%
11 SPTL SPDR SERIES TRUST 279,198.0 $7.4M 1.44% +10K +3.5% $26.47 -4.5%
12 VB VANGUARD INDEX FDS 26,423.0 $6.8M 1.33% -39K -59.5% $257.95 +8.2%
13 AUR AURORA INNOVATION INC Technology 1,340,223.0 $5.1M 1.00% -1.2M -46.3% $3.84 +80.7%
14 NVDA NVIDIA CORPORATION Technology 22,789.0 $4.3M 0.83% +1K +6.3% $186.50 +19.2%
15 IWF ISHARES TR 8,762.0 $4.1M 0.81% $473.29 -74.0%
16 GLD SPDR GOLD TR Financial Services 9,803.0 $3.9M 0.76% -229.0 -2.3% $396.31 +5.6%
17 AAPL APPLE INC Technology 14,080.0 $3.8M 0.75% +141.0 +1.0% $271.86 +10.0%
18 COF CAPITAL ONE FINL CORP Financial Services 13,719.0 $3.3M 0.65% +759.0 +5.9% $242.36 -22.8%
19 AMZN AMAZON COM INC Consumer Cyclical 13,942.0 $3.2M 0.63% +532.0 +4.0% $230.82 +12.4%
20 CAT CATERPILLAR INC Industrials 5,586.0 $3.2M 0.62% +217.0 +4.0% $572.87 +50.1%
Page 1 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%