Filed: 10/17/2025ACC: 0001951757-25-001167
📋 What this filing means
PERMANENT CAPITAL MANAGEMENT, LP filed this quarterly 13F‑HR report disclosing 151 equity positions with a total reported market value of $534.94M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
151
Positions
$534.94M
Total AUM (reported)
8.88M
Total Shares
Allocation by class
S&P 500 ETF SHS$149.44M27.9%
COM$103.73M19.4%
INTER TERM TREAS$42.07M7.9%
S&P500 EQL WGT$41.11M7.7%
VAN FTSE DEV MKT$39.35M7.4%
FLOATNG RAT TREA$21.04M3.9%
SMALL CP ETF$16.66M3.1%
Portfolio Concentration
Top 3$232.62M43.5%
4–10$157.19M29.4%
11–25$61.11M11.4%
Rest$84.02M15.7%
Top 3 weight
43.5%
Top 10 weight
72.9%
Voting Authority Distribution
Total shares with voting rights: 8.88M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
8.88M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole151
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings151
Rows:
VANGUARD INDEX FDS
SOLEShares243.34K
TypeSH
Market value$149.44M
27.94%
Sole
0.00
Shared
0.00
None
243.34K
VANGUARD SCOTTSDALE FDS
SOLEShares700.84K
TypeSH
Market value$42.07M
7.86%
Sole
0.00
Shared
0.00
None
700.84K
INVESCO EXCHANGE TRADED FD T
SOLEShares216.71K
TypeSH
Market value$41.11M
7.68%
Sole
0.00
Shared
0.00
None
216.71K
VANGUARD TAX-MANAGED FDS
SOLEShares656.68K
TypeSH
Market value$39.35M
7.36%
Sole
0.00
Shared
0.00
None
656.68K
MICROSOFT CORP
SOLEShares72.42K
TypeSH
Market value$37.51M
7.01%
Sole
0.00
Shared
0.00
None
72.42K
WISDOMTREE TR
SOLEShares418.51K
TypeSH
Market value$21.04M
3.93%
Sole
0.00
Shared
0.00
None
418.51K
VANGUARD INDEX FDS
SOLEShares65.29K
TypeSH
Market value$16.66M
3.11%
Sole
0.00
Shared
0.00
None
65.29K
VANGUARD INTL EQUITY INDEX F
SOLEShares286.71K
TypeSH
Market value$15.53M
2.90%
Sole
0.00
Shared
0.00
None
286.71K
ISHARES TR
SOLEShares136.30K
TypeSH
Market value$13.66M
2.55%
Sole
0.00
Shared
0.00
None
136.30K
AURORA INNOVATION INC
SOLEShares2.49M
TypeSH
Market value$13.45M
2.51%
Sole
0.00
Shared
0.00
None
2.49M
VANGUARD INDEX FDS
SOLEShares25.01K
TypeSH
Market value$8.23M
1.54%
Sole
0.00
Shared
0.00
None
25.01K
ISHARES TR
SOLEShares54.86K
TypeSH
Market value$7.58M
1.42%
Sole
0.00
Shared
0.00
None
54.86K
SPDR SERIES TRUST
SOLEShares269.65K
TypeSH
Market value$7.27M
1.36%
Sole
0.00
Shared
0.00
None
269.65K
ISHARES TR
SOLEShares8.75K
TypeSH
Market value$4.10M
0.77%
Sole
0.00
Shared
0.00
None
8.75K
NVIDIA CORPORATION
SOLEShares21.43K
TypeSH
Market value$4.00M
0.75%
Sole
0.00
Shared
0.00
None
21.43K
SPDR S&P 500 ETF TR
SOLEShares5.48K
TypeSH
Market value$3.66M
0.68%
Sole
0.00
Shared
0.00
None
5.48K
SPDR GOLD TR
SOLEShares10.03K
TypeSH
Market value$3.57M
0.67%
Sole
0.00
Shared
0.00
None
10.03K
APPLE INC
SOLEShares13.94K
TypeSH
Market value$3.55M
0.66%
Sole
0.00
Shared
0.00
None
13.94K
KRANESHARES TRUST
SOLEShares179.24K
TypeSH
Market value$3.06M
0.57%
Sole
0.00
Shared
0.00
None
179.24K
AMAZON COM INC
SOLEShares13.41K
TypeSH
Market value$2.94M
0.55%
Sole
0.00
Shared
0.00
None
13.41K
UBS GROUP AG
SOLEShares69.33K
TypeSH
Market value$2.84M
0.53%
Sole
0.00
Shared
0.00
None
69.33K
CAPITAL ONE FINL CORP
SOLEShares12.96K
TypeSH
Market value$2.76M
0.52%
Sole
0.00
Shared
0.00
None
12.96K
EXPAND ENERGY CORPORATION
SOLEShares24.18K
TypeSH
Market value$2.57M
0.48%
Sole
0.00
Shared
0.00
None
24.18K
CATERPILLAR INC
SOLEShares5.37K
TypeSH
Market value$2.56M
0.48%
Sole
0.00
Shared
0.00
None
5.37K
ALPHABET INC
SOLEShares9.95K
TypeSH
Market value$2.42M
0.45%
Sole
0.00
Shared
0.00
None
9.95K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 243.34K | SH | $149.44M 27.94% | 0.00 | 0.00 | 243.34K |
VANGUARD SCOTTSDALE FDSSOLE | INTER TERM TREAS | 700.84K | SH | $42.07M 7.86% | 0.00 | 0.00 | 700.84K |
INVESCO EXCHANGE TRADED FD TSOLE | S&P500 EQL WGT | 216.71K | SH | $41.11M 7.68% | 0.00 | 0.00 | 216.71K |
VANGUARD TAX-MANAGED FDSSOLE | VAN FTSE DEV MKT | 656.68K | SH | $39.35M 7.36% | 0.00 | 0.00 | 656.68K |
MICROSOFT CORPSOLE | COM | 72.42K | SH | $37.51M 7.01% | 0.00 | 0.00 | 72.42K |
WISDOMTREE TRSOLE | FLOATNG RAT TREA | 418.51K | SH | $21.04M 3.93% | 0.00 | 0.00 | 418.51K |
VANGUARD INDEX FDSSOLE | SMALL CP ETF | 65.29K | SH | $16.66M 3.11% | 0.00 | 0.00 | 65.29K |
VANGUARD INTL EQUITY INDEX FSOLE | FTSE EMR MKT ETF | 286.71K | SH | $15.53M 2.90% | 0.00 | 0.00 | 286.71K |
ISHARES TRSOLE | CORE US AGGBD ET | 136.30K | SH | $13.66M 2.55% | 0.00 | 0.00 | 136.30K |
AURORA INNOVATION INCSOLE | CLASS A COM | 2.49M | SH | $13.45M 2.51% | 0.00 | 0.00 | 2.49M |
VANGUARD INDEX FDSSOLE | TOTAL STK MKT | 25.01K | SH | $8.23M 1.54% | 0.00 | 0.00 | 25.01K |
ISHARES TRSOLE | MSCI ACWI ETF | 54.86K | SH | $7.58M 1.42% | 0.00 | 0.00 | 54.86K |
SPDR SERIES TRUSTSOLE | PORTFOLIO LN TSR | 269.65K | SH | $7.27M 1.36% | 0.00 | 0.00 | 269.65K |
ISHARES TRSOLE | RUS 1000 GRW ETF | 8.75K | SH | $4.10M 0.77% | 0.00 | 0.00 | 8.75K |
NVIDIA CORPORATIONSOLE | COM | 21.43K | SH | $4.00M 0.75% | 0.00 | 0.00 | 21.43K |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 5.48K | SH | $3.66M 0.68% | 0.00 | 0.00 | 5.48K |
SPDR GOLD TRSOLE | GOLD SHS | 10.03K | SH | $3.57M 0.67% | 0.00 | 0.00 | 10.03K |
APPLE INCSOLE | COM | 13.94K | SH | $3.55M 0.66% | 0.00 | 0.00 | 13.94K |
KRANESHARES TRUSTSOLE | CALIFORNIA CARB | 179.24K | SH | $3.06M 0.57% | 0.00 | 0.00 | 179.24K |
AMAZON COM INCSOLE | COM | 13.41K | SH | $2.94M 0.55% | 0.00 | 0.00 | 13.41K |
UBS GROUP AGSOLE | SHS | 69.33K | SH | $2.84M 0.53% | 0.00 | 0.00 | 69.33K |
CAPITAL ONE FINL CORPSOLE | COM | 12.96K | SH | $2.76M 0.52% | 0.00 | 0.00 | 12.96K |
EXPAND ENERGY CORPORATIONSOLE | COM | 24.18K | SH | $2.57M 0.48% | 0.00 | 0.00 | 24.18K |
CATERPILLAR INCSOLE | COM | 5.37K | SH | $2.56M 0.48% | 0.00 | 0.00 | 5.37K |
ALPHABET INCSOLE | CAP STK CL A | 9.95K | SH | $2.42M 0.45% | 0.00 | 0.00 | 9.95K |
Page 1 of 7
…