Permanens Capital L.P.

CIK

1599637

Location

NEW YORK, NY

Portfolio Value

Small $322,949,948

Diversification

Highly concentrated

Filing Date

Global Rank

#3,313 / 8,586 ▲ 124

Top Industry

Banks - Diversified 14.4%

3Y Alpha vs SPY

+5.4%

Period ended 3 months ago

Filed May 15, 2026 · 33d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+102.9%

SPY

+78.1%

Annualised alpha

+5.4%

Max drawdown

−23.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

63 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

51.5%

+22.2 pts

Top 5

67.9%

+7.9 pts

Top 10

83.3%

+9.0 pts

HHI

2,777

Highly concentrated+1,461

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	57.1%	$184,405,630	5
Financial Services	11.8%	$37,963,422	19
Energy	10.2%	$32,943,501	6
Technology	6.4%	$20,561,603	9
Consumer Cyclical	5.0%	$16,174,743	4
Consumer Defensive	3.5%	$11,394,107	2
Communication Services	2.7%	$8,781,357	6
Healthcare	1.2%	$3,873,607	4
Real Estate	1.0%	$3,101,206	4
Industrials	0.9%	$2,810,943	3
Basic Materials	0.3%	$939,829	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

19 positions

Ticker	Company	Δ Shares	Shares	Value
IAU	Ishares Gold Trust	+763,004	1,885,466	$166,222,682
IAUM	iShares Gold Trust Micro	+113,270	265,651	$12,405,901
MUFG	Mitsubishi Ufj Financial Group Inc	+42,411	575,644	$9,768,678
PODC	PodcastOne, Inc.	+35,000	135,238	$275,885
ACP	abrdn Income Credit Strategies Fund	+33,050	60,550	$308,805
JPM	Jpmorgan Chase & Co	+6,628	34,064	$10,020,266
QXO	QXO, Inc.	+6,000	50,000	$971,000
MSFT	Microsoft Corp	+5,922	31,146	$11,529,314
NFLX	Netflix Inc	+5,484	31,780	$3,055,647
ALTI	AlTi Global, Inc.	+4,764	82,581	$298,943
ULTA	Ulta Beauty, Inc.	+3,618	18,584	$9,714,042
SPY	Spdr S&P 500 ETF Trust	+1,526	6,233	$4,053,569
INTU	Intuit Inc.	+1,337	2,251	$973,287
QQQ	Invesco Qqq Trust, Series 1	+1,099	2,204	$1,272,104
SAP	Sap SE	+959	8,494	$1,454,257
MA	Mastercard Inc	+690	3,211	$1,604,408
WMT	Walmart Inc.	+285	86,688	$10,773,584
MELI	Mercadolibre Inc	+121	957	$1,654,672
BRT	BRT Apartments Corp.	+1	201,265	$2,684,875
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
CMCSA	Comcast Corp	−33,146	37,901	$1,088,137
COP	Conocophillips	−15,563	19,069	$2,517,108
AA	Alcoa Corp	−13,342	14,169	$939,829
AER	AerCap Holdings N.V.	−10,514	7,002	$960,534
SHEL	Shell plc	−9,197	6,013	$559,209
AMZN	Amazon Com Inc	−8,370	18,494	$3,851,745
LEN	Lennar Corp /New/	−7,928	10,989	$954,284
EL	Estee Lauder Companies Inc	−6,146	8,646	$620,523
WWD	Woodward, Inc.	−4,980	2,457	$879,409
CCJ	Cameco Corp	−4,921	169,262	$18,383,545
COF	Capital One Financial Corp	−4,731	6,547	$1,194,369
WDAY	Workday, Inc.	−4,684	8,826	$1,146,673
UNH	Unitedhealth Group Inc	−4,065	6,085	$1,646,540
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−3,809	5,274	$1,782,348
DHR	Danaher Corp /De/	−3,708	6,890	$1,306,344
HUM	Humana Inc	−2,661	2,813	$487,746
ELV	Elevance Health, Inc.	−1,067	1,479	$432,977
ASML	Asml Holding NV	−1,038	493	$651,169
META	Meta Platforms, Inc.	−703	3,850	$2,202,700
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
BKR	Baker Hughes Co	174,553	$10,656,460
BRK-B	Berkshire Hathaway Inc	19,820	$9,497,744
AJG	Arthur J. Gallagher & Co.	2,905	$629,164
SPGI	S&P Global Inc.	1,251	$532,100
GLD	Spdr Gold Trust	1,049	$451,374
BXSL	Blackstone Secured Lending Fund	15,375	$364,233
EFC	Ellington Financial Inc.	22,298	$264,231
EQT	EQT Corp	3,939	$250,677
PSEC	Prospect Capital Corp	66,180	$172,729
CANG	Cango Inc.	196,412	$80,528
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
SLV	iShares Silver Trust	900,242	$57,993,589
UBS	UBS Group AG	207,412	$9,605,249
SCHW	Schwab Charles Corp	85,461	$8,538,408
AON	Aon plc	3,877	$1,368,115
HLT	Hilton Worldwide Holdings Inc.	3,035	$871,803
PTC	Ptc Inc.	4,173	$726,978
MLM	Martin Marietta Materials Inc	608	$378,577
VMC	Vulcan Materials CO	1,208	$344,545
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

63 positions · $322,949,948 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 63 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IAU	Ishares Gold Trust	Added	1,885,466	+763,004	$166,222,682	+82.4%	51.47%
CCJ	Cameco Corp Energy	Reduced	169,262	-4,921	$18,383,545	+15.4%	5.69%
IAUM	iShares Gold Trust Micro	Added	265,651	+113,270	$12,405,901	+89.4%	3.84%
MSFT	Microsoft Corp Technology	Added	31,146	+5,922	$11,529,314	−5.5%	3.57%
WMT	Walmart Inc. Consumer Defensive	Added	86,688	+285	$10,773,584	+11.9%	3.34%
BKR	Baker Hughes Co Energy	NEW	174,553	NEW	$10,656,460	NEW	3.30%
JPM	Jpmorgan Chase & Co Financial Services	Added	34,064	+6,628	$10,020,266	+13.3%	3.10%
MUFG	Mitsubishi Ufj Financial Group Inc Financial Services	Added	575,644	+42,411	$9,768,678	+15.5%	3.02%
ULTA	Ulta Beauty, Inc. Consumer Cyclical	Added	18,584	+3,618	$9,714,042	+7.3%	3.01%
BRK-B	Berkshire Hathaway Inc Financial Services	NEW	19,820	NEW	$9,497,744	NEW	2.94%
SPY	Spdr S&P 500 ETF Trust	Added	6,233	+1,526	$4,053,569	+26.3%	1.26%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	18,494	-8,370	$3,851,745	−37.9%	1.19%
NFLX	Netflix Inc Communication Services	Added	31,780	+5,484	$3,055,647	+23.9%	0.95%
BRT	BRT Apartments Corp. Real Estate	Added	201,265	+1	$2,684,875	−9.3%	0.83%
COP	Conocophillips Energy	Reduced	19,069	-15,563	$2,517,108	−22.4%	0.78%
META	Meta Platforms, Inc. Communication Services	Reduced	3,850	-703	$2,202,700	−26.7%	0.68%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	5,274	-3,809	$1,782,348	−35.4%	0.55%
GOOGL	Alphabet Inc. Communication Services	Held	6,110	0	$1,756,991	−8.1%	0.54%
BGC	BGC Group, Inc. Financial Services	Held	170,000	0	$1,662,600	+9.5%	0.51%
MELI	Mercadolibre Inc Consumer Cyclical	Added	957	+121	$1,654,672	−1.7%	0.51%
UNH	Unitedhealth Group Inc Healthcare	Reduced	6,085	-4,065	$1,646,540	−50.9%	0.51%
MA	Mastercard Inc Financial Services	Added	3,211	+690	$1,604,408	+11.5%	0.50%
AAPL	Apple Inc. Technology	Held	5,803	0	$1,472,743	−6.6%	0.46%
SAP	Sap SE Technology	Added	8,494	+959	$1,454,257	−20.5%	0.45%
DHR	Danaher Corp /De/ Healthcare	Reduced	6,890	-3,708	$1,306,344	−46.2%	0.40%
QQQ	Invesco Qqq Trust, Series 1	Added	2,204	+1,099	$1,272,104	+87.4%	0.39%
COF	Capital One Financial Corp Financial Services	Reduced	6,547	-4,731	$1,194,369	−56.3%	0.37%
SHOP	Shopify Inc. Technology	Held	10,030	0	$1,189,758	−26.3%	0.37%
ARCC	Ares Capital Corp Financial Services	Held	65,544	0	$1,181,102	−10.9%	0.37%
WDAY	Workday, Inc. Technology	Reduced	8,826	-4,684	$1,146,673	−60.5%	0.36%
CMCSA	Comcast Corp Communication Services	Reduced	37,901	-33,146	$1,088,137	−45.3%	0.34%
INTU	Intuit Inc. Technology	Added	2,251	+1,337	$973,287	+60.8%	0.30%
QXO	QXO, Inc. Industrials	Added	50,000	+6,000	$971,000	+14.4%	0.30%
AER	AerCap Holdings N.V. Industrials	Reduced	7,002	-10,514	$960,534	−61.9%	0.30%
LEN	Lennar Corp /New/ Consumer Cyclical	Reduced	10,989	-7,928	$954,284	−50.9%	0.30%
AA	Alcoa Corp Basic Materials	Reduced	14,169	-13,342	$939,829	−35.7%	0.29%
WWD	Woodward, Inc. Industrials	Reduced	2,457	-4,980	$879,409	−60.9%	0.27%
ASML	Asml Holding NV Technology	Reduced	493	-1,038	$651,169	−60.2%	0.20%
AJG	Arthur J. Gallagher & Co. Financial Services	NEW	2,905	NEW	$629,164	NEW	0.19%
EL	Estee Lauder Companies Inc Consumer Defensive	Reduced	8,646	-6,146	$620,523	−59.9%	0.19%
BP	Bp PLC Energy	Held	12,266	0	$576,502	+35.3%	0.18%
SHEL	Shell plc Energy	Reduced	6,013	-9,197	$559,209	−50.0%	0.17%
SPGI	S&P Global Inc. Financial Services	NEW	1,251	NEW	$532,100	NEW	0.16%
HUM	Humana Inc Healthcare	Reduced	2,813	-2,661	$487,746	−65.2%	0.15%
GLD	Spdr Gold Trust	NEW	1,049	NEW	$451,374	NEW	0.14%
ELV	Elevance Health, Inc. Healthcare	Reduced	1,479	-1,067	$432,977	−51.5%	0.13%
LVO	LiveOne, Inc. Communication Services	Held	78,823	0	$401,997	+8.1%	0.12%
BXSL	Blackstone Secured Lending Fund Financial Services	NEW	15,375	NEW	$364,233	NEW	0.11%
NVDA	Nvidia Corp Technology	Held	2,076	0	$362,054	−6.5%	0.11%
ACP	abrdn Income Credit Strategies Fund Financial Services	Added	60,550	+33,050	$308,805	+107.6%	0.10%