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Portfolio (Quarterly) Guide ↗

Permanent Capital Management, LP

· CIK 0002054108
13F Portfolio $747M AUM 211 positions Filed Aug 12, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q4 2025 · All 90 New 56 Added 45 Reduced 36 Exited
Page 2 of 11  ·  211 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 SPY STATE STR SPDR S&P 500 ETF T Financial Services 4,185.0 $3.1M 0.42% $748.67 +1.9%
22 BK BANK OF NY MELLON CORP Financial Services 20,794.0 $3.0M 0.40% $144.61 -1.9%
23 GLD SPDR GOLD TR Financial Services 8,157.0 $3.0M 0.40% -2K -16.8% $368.38 +12.7%
24 EXPAND ENERGY CORPORATION 26,635.0 $2.4M 0.33% +3K +11.7% $91.19
25 KMB KIMBERLY-CLARK CORP Consumer Defensive 20,522.0 $2.3M 0.30% +12K +150.7% $111.03 -2.1%
26 DGX QUEST DIAGNOSTICS INC Healthcare 10,706.0 $2.3M 0.30% NEW $211.95 +13.8%
27 CDZI CADIZ INC Utilities 537,680.0 $2.2M 0.30% +41K +8.3% $4.18 -15.1%
28 UNP UNION PAC CORP Industrials 7,913.0 $2.2M 0.29% -3K -25.4% $272.00 +11.8%
29 GOOG ALPHABET INC Communication Services 5,939.0 $2.1M 0.28% -71.0 -1.2% $353.33 -4.3%
30 RSP INVESCO EXCHANGE TRADED FD T 8,945.0 $1.9M 0.26% -209K -95.9% $212.76 +3.5%
31 OI O-I GLASS INC Consumer Cyclical 186,778.0 $1.8M 0.24% +45K +32.0% $9.63 -33.7%
32 L LOEWS CORP Financial Services 15,454.0 $1.7M 0.23% $113.21 -2.2%
33 ALK ALASKA AIR GROUP INC Industrials 33,099.0 $1.7M 0.23% +21K +167.1% $52.20 -23.0%
34 AVGO BROADCOM INC Technology 4,072.0 $1.5M 0.21% +579.0 +16.6% $377.72 -3.6%
35 JNJ JOHNSON & JOHNSON Healthcare 6,055.0 $1.5M 0.21% +391.0 +6.9% $253.97 +5.3%
36 GLNG GOLAR LNG LTD Energy 28,796.0 $1.4M 0.19% -30K -51.3% $50.10 +4.1%
37 VTV VANGUARD INDEX FDS 6,480.0 $1.4M 0.19% +5K +476.0% $217.94 +3.3%
38 COF CAPITAL ONE FINL CORP Financial Services 6,859.0 $1.4M 0.18% -7K -50.0% $200.62 +5.9%
39 MGM MGM RESORTS INTERNATIONAL Consumer Cyclical 28,463.0 $1.4M 0.18% +7K +33.7% $47.81 -9.7%
40 META META PLATFORMS INC Communication Services 2,410.0 $1.4M 0.18% +241.0 +11.1% $563.29 -3.1%
Page 2 of 11  ·  211 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 32.5%
Financial Services 18.7%
Industrials 11.2%
Consumer Cyclical 8.9%
Healthcare 6.6%
Communication Services 6.6%
Consumer Defensive 4.4%
Utilities 4.2%
Energy 3.4%
Real Estate 2.3%