Permanent Capital Management, LP
Filing Date
Global Rank
#5,149
/ 8,622
▼ 145
· as of Mar 2026
Top Industry
Software - Infrastructure
22.0%
3Y Alpha vs SPY
-10.2%
Period ended 4 months ago
Filed May 14, 2026 · 3mo
6 quarters · since Jun 2024
Clone Performance
Aug 2024–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+27.4%
SPY
+39.1%
Annualised alpha
-5.2%
Max drawdown
−18.9%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 6 quarters. Past performance does not predict future results.
Portfolio Concentration
126 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
20.6%
−2.8 pts
Top 5
33.8%
−1.1 pts
Top 10
45.4%
−0.3 pts
HHI
539
Diversified−111
Portfolio Trend
6 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 30.4% | $39,703,435 |
| Financial Services | 13.6% | $17,810,112 |
| Consumer Cyclical | 12.2% | $15,881,336 |
| Industrials | 8.7% | $11,342,030 |
| Consumer Defensive | 6.1% | $7,993,690 |
| Communication Services | 5.8% | $7,594,981 |
| Unclassified | 5.6% | $7,327,269 |
| Energy | 5.3% | $6,947,573 |
| Healthcare | 5.2% | $6,817,369 |
| Utilities | 4.0% | $5,267,352 |
| Real Estate | 1.7% | $2,268,548 |
| Basic Materials | 1.2% | $1,561,550 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| KMB | Kimberly Clark Corp | +16,093 | 24,280 | $2,342,291 | |
| MGM | MGM Resorts International | +10,777 | 32,065 | $1,186,725 | |
| NOW | ServiceNow, Inc. | +8,425 | 10,180 | $1,064,319 | |
| SPH | Suburban Propane Partners LP | +5,500 | 18,114 | $356,664 | |
| ALK | Alaska Air Group, Inc. | +5,441 | 17,835 | $655,971 | |
| AMZN | Amazon Com Inc | +2,730 | 16,672 | $3,472,277 | |
| SLG | Sl Green Realty Corp | +2,004 | 15,632 | $577,446 | |
| CNNE | Cannae Holdings, Inc. | +2,000 | 24,000 | $272,880 | |
| BC | Brunswick Corp | +1,500 | 10,730 | $780,714 | |
| GBDC | GOLUB CAPITAL BDC, Inc. | +1,428 | 11,728 | $148,476 | |
| IBIT | iShares Bitcoin Trust ETF | +1,375 | 7,142 | $274,395 | |
| CAH | Cardinal Health Inc | +1,108 | 2,173 | $459,176 | |
| BRK-B | Berkshire Hathaway Inc | +779 | 1,202 | $575,998 | |
| MSFT | Microsoft Corp | +478 | 72,667 | $26,899,143 | |
| RSG | Republic Services, Inc. | +470 | 1,426 | $312,322 | |
| AVGO | Broadcom Inc. | +425 | 3,918 | $1,212,660 | |
| AAPL | Apple Inc. | +391 | 14,471 | $3,672,595 | |
| AGNC | AGNC Investment Corp. | +380 | 11,180 | $112,135 | |
| DLR | Digital Realty Trust, Inc. | +366 | 1,836 | $330,865 | |
| BAC | Bank Of America Corp /De/ | +284 | 11,929 | $581,538 | |
| NVDA | Nvidia Corp | +245 | 23,034 | $4,017,129 | |
| GOOGL | Alphabet Inc. | +217 | 10,148 | $2,918,158 | |
| KO | Coca Cola Co | +194 | 12,263 | $932,601 | |
| VZ | Verizon Communications Inc | +159 | 15,323 | $769,214 | |
| META | Meta Platforms, Inc. | +141 | 2,310 | $1,321,620 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ACTG | Acacia Research Corp | −375,345 | 30,000 | $144,300 | |
| OI | O-I Glass, Inc. /DE/ | −62,133 | 79,413 | $834,630 | |
| JBS | Jbs N.V. | −51,797 | 30,000 | $538,800 | |
| PPLI | People Inc | −33,877 | 8,445 | $338,053 | |
| PCG | PG&E Corp | −33,007 | 67,022 | $1,177,576 | |
| GLNG | Golar Lng Ltd | −30,387 | 28,796 | $1,558,151 | |
| CDZI | Cadiz Inc | −22,500 | 474,019 | $2,327,433 | |
| SPRY | ARS Pharmaceuticals, Inc. | −17,191 | 35,115 | $281,973 | |
| AURA | Aura Biosciences, Inc. | −13,495 | 62,369 | $417,248 | |
| TECK | Teck Resources Ltd | −10,744 | 21,526 | $1,113,970 | |
| HZO | Marinemax Inc | −10,425 | 31,877 | $862,591 | |
| BP | Bp PLC | −9,567 | 18,426 | $866,022 | |
| COF | Capital One Financial Corp | −6,860 | 6,859 | $1,251,287 | |
| PSLV | Sprott Physical Silver Trust | −5,197 | 16,723 | $407,873 | |
| C | Citigroup Inc | −3,988 | 6,160 | $698,605 | |
| BA | Boeing Co | −3,132 | 4,020 | $800,100 | |
| XOM | ExxonMobil Holdings Corp | −3,076 | 5,187 | $880,026 | |
| UBS | UBS Group AG | −2,993 | 64,477 | $2,519,116 | |
| UNP | Union Pacific Corp | −2,698 | 7,913 | $1,919,852 | |
| GM | General Motors Co | −2,441 | 12,650 | $942,425 | |
| AXS | Axis Capital Holdings Ltd | −2,302 | 10,053 | $1,019,474 | |
| PGR | Progressive Corp/Oh/ | −1,849 | 2,888 | $572,517 | |
| GLD | Spdr Gold Trust | −1,646 | 8,157 | $3,509,875 | |
| BN | BROOKFIELD Corp /ON/ | −1,554 | 5,823 | $235,656 | |
| EXE | EXPAND ENERGY Corp | −1,449 | 22,396 | $2,458,632 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
23 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| PLD | Prologis, Inc. | 5,892 | $778,804 | |
| DGX | Quest Diagnostics Inc | 3,946 | $773,337 | |
| PRMB | Primo Brands Corp | 30,675 | $577,610 | |
| LLY | ELI LILLY & Co | 543 | $499,435 | |
| WAT | Waters Corp /De/ | 1,370 | $407,986 | |
| STZ | Constellation Brands, Inc. | 2,690 | $403,500 | |
| MTN | Vail Resorts Inc | 2,862 | $367,251 | |
| FRMI | Fermi Inc. | 60,000 | $350,400 | |
| XPO | XPO, Inc. | 1,596 | $310,501 | |
| BFLY | Butterfly Network, Inc. | 75,000 | $303,000 | |
| RRX | Regal Rexnord Corp | 1,490 | $279,017 | |
| IBKR | Interactive Brokers Group, Inc. | 4,128 | $276,864 | |
| TRGP | Targa Resources Corp. | 1,061 | $266,024 | |
| LYV | Live Nation Entertainment, Inc. | 1,595 | $243,253 | |
| BKR | Baker Hughes Co | 3,795 | $231,684 | |
| HPE | Hewlett Packard Enterprise Co | 9,392 | $223,623 | |
| LRCX | Lam Research Corp | 1,030 | $220,069 | |
| MSGS | Madison Square Garden Sports Corp. | 648 | $208,267 | |
| TT | Trane Technologies plc | 467 | $194,617 | |
| GEV | GE Vernova Inc. | 206 | $179,817 | |
| DKS | Dick's Sporting Goods, Inc. | 890 | $176,478 | |
| INTC | Intel Corp | 3,634 | $160,368 | |
| APLE | Apple Hospitality REIT, Inc. | 10,330 | $118,898 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
24 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SEM | Select Medical Holdings Corp | 45,000 | $668,250 | |
| MYFW | First Western Financial Inc | 21,000 | $563,010 | |
| HUT | Hut 8 Corp. | 12,000 | $551,280 | |
| OWL | Blue Owl Capital Inc. | 35,518 | $530,638 | |
| BSX | Boston Scientific Corp | 4,608 | $439,372 | |
| APO | Apollo Global Management, Inc. | 2,654 | $384,193 | |
| B | Barrick Mining Corp | 8,025 | $349,488 | |
| TRU | TransUnion | 3,946 | $338,369 | |
| MCK | Mckesson Corp | 397 | $325,655 | |
| COR | Cencora, Inc. | 818 | $276,279 | |
| DHR | Danaher Corp /De/ | 1,149 | $263,029 | |
| IT | Gartner Inc | 955 | $240,927 | |
| SHW | Sherwin Williams Co | 691 | $223,904 | |
| ALIT | Alight, Inc. / Delaware | 110,000 | $214,500 | |
| DEO | Diageo PLC | 2,436 | $210,153 | |
| MHD | Blackrock Muniholdings Fund, Inc. | 12,038 | $141,326 | |
| MMU | Western Asset Managed Municipals Fund Inc. | 13,513 | $141,075 | |
| MUC | Blackrock Muniholdings California Quality Fund, Inc. | 13,206 | $139,983 | |
| MUJ | Blackrock Muniholdings New Jersey Quality Fund, Inc. | 11,741 | $139,717 | |
| NRK | Nuveen New York Amt-Free Quality Municipal Income Fund | 13,836 | $139,605 | |
| MYI | Blackrock Muniyield Quality Fund III, Inc. | 12,842 | $139,592 | |
| MQY | Blackrock Muniyield Quality Fund, Inc. | 12,343 | $139,475 | |
| TBLA | Taboola.com Ltd. | 30,000 | $138,300 | |
| PML | Pimco Municipal Income Fund II | 18,185 | $137,114 | |
| No positions match the current search. | ||||
126 tracked positions ·
$130,515,245 total
· filing declares
155 positions · $643,012,543
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 126 positions by value
· page 1 of 3
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MSFT |
Microsoft Corp
Technology
|
Added | 72,667 | $26,899,143 | 20.61% | |
| AUR |
Aurora Innovation, Inc.
Consumer Cyclical
|
Held | 1,340,223 | $5,521,718 | 4.23% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 23,034 | $4,017,129 | 3.08% | |
| CAT |
Caterpillar Inc
Industrials
|
Added | 5,617 | $3,979,419 | 3.05% | |
| AAPL |
Apple Inc.
Technology
|
Added | 14,471 | $3,672,595 | 2.81% | |
| GLD |
Spdr Gold Trust
|
Reduced | 8,157 | $3,509,875 | 2.69% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 16,672 | $3,472,277 | 2.66% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 10,148 | $2,918,158 | 2.24% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Held | 4,185 | $2,721,672 | 2.09% | |
| UBS |
UBS Group AG
Financial Services
|
Reduced | 64,477 | $2,519,116 | 1.93% | |
| BNY |
Bank of New York Mellon Corp
Financial Services
|
Added | 20,794 | $2,466,792 | 1.89% | |
| EXE |
EXPAND ENERGY Corp
Energy
|
Reduced | 22,396 | $2,458,632 | 1.88% | |
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
Added | 24,280 | $2,342,291 | 1.79% | |
| CDZI |
Cadiz Inc
Utilities
|
Reduced | 474,019 | $2,327,433 | 1.78% | |
| UNP |
Union Pacific Corp
Industrials
|
Reduced | 7,913 | $1,919,852 | 1.47% | |
| L |
Loews Corp
Financial Services
|
Held | 15,455 | $1,649,666 | 1.26% | |
| GLNG |
Golar Lng Ltd
Energy
|
Reduced | 28,796 | $1,558,151 | 1.19% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 5,788 | $1,414,818 | 1.08% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 2,310 | $1,321,620 | 1.01% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 10,378 | $1,289,777 | 0.99% | |
| COF |
Capital One Financial Corp
Financial Services
|
Reduced | 6,859 | $1,251,287 | 0.96% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 3,918 | $1,212,660 | 0.93% | |
| MGM |
MGM Resorts International
Consumer Cyclical
|
Added | 32,065 | $1,186,725 | 0.91% | |
| PCG |
PG&E Corp
Utilities
|
Reduced | 67,022 | $1,177,576 | 0.90% | |
| TECK |
Teck Resources Ltd
Basic Materials
|
Reduced | 21,526 | $1,113,970 | 0.85% | |
| NOW |
ServiceNow, Inc.
Technology
|
Added | 10,180 | $1,064,319 | 0.82% | |
| AXS |
Axis Capital Holdings Ltd
Financial Services
|
Reduced | 10,053 | $1,019,474 | 0.78% | |
| UL |
Unilever PLC
Consumer Defensive
|
Added | 17,647 | $1,005,349 | 0.77% | |
| AIG |
American International Group, Inc.
Financial Services
|
Added | 12,870 | $968,467 | 0.74% | |
| GM |
General Motors Co
Consumer Cyclical
|
Reduced | 12,650 | $942,425 | 0.72% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Added | 12,263 | $932,601 | 0.71% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 3,158 | $928,957 | 0.71% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Added | 907 | $903,762 | 0.69% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Reduced | 5,187 | $880,026 | 0.67% | |
| BP |
Bp PLC
Energy
|
Reduced | 18,426 | $866,022 | 0.66% | |
| HZO |
Marinemax Inc
Consumer Cyclical
|
Reduced | 31,877 | $862,591 | 0.66% | |
| NTRS |
Northern Trust Corp
Financial Services
|
Added | 6,011 | $838,955 | 0.64% | |
| OI |
O-I Glass, Inc. /DE/
Consumer Cyclical
|
Reduced | 79,413 | $834,630 | 0.64% | |
| DE |
Deere & Co
Industrials
|
Added | 1,480 | $833,684 | 0.64% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Reduced | 1,423 | $821,327 | 0.63% | |
| BWXT |
BWX Technologies, Inc.
Industrials
|
Reduced | 3,938 | $805,281 | 0.62% | |
| BA |
Boeing Co
Industrials
|
Reduced | 4,020 | $800,100 | 0.61% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 3,622 | $787,748 | 0.60% | |
| BC |
Brunswick Corp
Consumer Cyclical
|
Added | 10,730 | $780,714 | 0.60% | |
| PLD |
Prologis, Inc.
Real Estate
|
NEW | 5,892 | $778,804 | 0.60% | |
| DGX |
Quest Diagnostics Inc
Healthcare
|
NEW | 3,946 | $773,337 | 0.59% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Added | 15,323 | $769,214 | 0.59% | |
| BDX |
Becton Dickinson & Co
Healthcare
|
Added | 4,695 | $738,194 | 0.57% | |
| NEE |
Nextera Energy Inc
Utilities
|
Added | 7,810 | $725,392 | 0.56% | |
| C |
Citigroup Inc
Financial Services
|
Reduced | 6,160 | $698,605 | 0.54% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.