Permanens Capital L.P.
CIK
1599637
Location
NEW YORK, NY
Portfolio Value
Micro
$939,829
Diversification
Highly concentrated
Filing Date
Global Rank
#3,313
/ 8,588
▲ 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 SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+103.0%
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, 2025Top 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 |
|---|---|---|
| Unclassified | 57.1% | $184,405,630 |
| Financial Services | 11.8% | $37,963,422 |
| Energy | 10.2% | $32,943,501 |
| Technology | 6.4% | $20,561,603 |
| Consumer Cyclical | 5.0% | $16,174,743 |
| Consumer Defensive | 3.5% | $11,394,107 |
| Communication Services | 2.7% | $8,781,357 |
| Healthcare | 1.2% | $3,873,607 |
| Real Estate | 1.0% | $3,101,206 |
| Industrials | 0.9% | $2,810,943 |
| Basic Materials | 0.3% | $939,829 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
19 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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. | ||||
1 positions ·
$939,829 total
· Basic Materials only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| AA |
Alcoa Corp
Basic Materials
|
Reduced | 14,169 | $939,829 | 100.00% |