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Permanens Capital Portfolio holdings
AUM
$972M
1-Year Est. Return
27.73%
This Fund
S&P 500
This Quarter
Est. Return
+6.95%
1 Year Est. Return
+27.73%
3 Year Est. Return
+76.92%
5 Year Est. Return
+81.54%
10 Year Est. Return
+277.71%
AUM
$972M
AUM Growth
+$196M
(+25%)
Cap. Flow
+$174M
Cap. Flow
% of AUM
17.87%
Top 10 Holdings %
Top 10 Hldgs %
67.55%
Holding
124
New
36
Increased
47
Reduced
12
Closed
24
Avg Time Held
4.4
quarters
Top 10 Avg Time Held
11.3
quarters
Top 20 Avg Time Held
7.6
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$72.3M |
| 2 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$33.6M |
| 3 |
Vanguard Morningstar Value ETF
VTV
|
+$27M |
| 4 |
Pershing Square USA
PSUS
|
+$24M |
| 5 |
WisdomTree Japan Hedged Equity Fund
DXJ
|
+$17.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Gold Trust
IAU
|
+$87.2M |
| 2 |
iShares 3-7 Year Treasury Bond ETF
IEI
|
+$30.6M |
| 3 |
Baker Hughes
BKR
|
+$10.7M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$8.94M |
| 5 |
BlackRock ETF Trust II iShares High Yield Active ETF
BRHY
|
+$7.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 82.62% |
| 2 | Technology | 4.45% |
| 3 | Financials | 3.32% |
| 4 | Energy | 2.14% |
| 5 | Communication Services | 2.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$50.8B
| $163M | 16.75% |
1,777,681
+789,899
| +80% | +$72.3M |
2024 Q3
7 quarters
|
|
|
2
Vanguard Morningstar Value ETF
VTV
$189B
| $159M | 16.33% |
728,513
+129,286
| +22% | +$27M |
2016 Q2
40 quarters
|
|
3
Vanguard Morningstar Growth ETF
VUG
$237B
| $71.1M | 7.31% |
825,415
+136,525
| +20% | +$11.5M |
2013 Q4
50 quarters
|
|
|
4
iShares Gold Trust
IAU
$61.8B
| $64.8M | 6.66% |
858,088
-1,027,378
| -54% | -$87.2M |
2016 Q1
41 quarters
|
|
5
iShares Securitized Income Active ETF
SECU
$891M
| $55M | 5.66% |
1,103,409
+281,056
| +34% | +$14M |
2026 Q1
1 quarter
|
|
|
6
Invesco S&P 500 Equal Weight ETF
RSP
$97.4B
| $42.2M | 4.34% |
198,353
+164,353
| +483% | +$33.6M |
2026 Q1
1 quarter
|
|
7
JPMorgan BetaBuilders Europe ETF
BBEU
$8.81B
| $29.2M | 3.01% |
376,103
+169,521
| +82% | +$13M |
2025 Q3
3 quarters
|
|
8
Lazard Japanese Equity ETF
JPY
$86.3M
| $25.4M | 2.62% |
695,196
+98,945
| +17% | +$3.54M |
2025 Q3
3 quarters
|
|
9
Schwab 5-10 Year Corporate Bond ETF
SCHI
$10.8B
| $24.9M | 2.56% |
1,099,967
-249,975
| -19% | -$5.66M |
2026 Q1
1 quarter
|
|
|
10
Pershing Square USA
PSUS
| $22.5M | 2.31% |
+601,320
| New | +$24M |
2026 Q2
0 quarters
|
|
|
11
WisdomTree Japan Hedged Equity Fund
DXJ
$2.38B
| $21.8M | 2.25% |
377,589
+305,847
| +426% | +$17.1M |
2013 Q4
50 quarters
|
|
12
Principal Spectrum Preferred Securities Active ETF
PREF
$1.88B
| $21.1M | 2.17% |
1,104,859
+257,715
| +30% | +$4.89M |
2025 Q1
5 quarters
|
|
13
Cameco
CCJ
$37.5B
| $17.5M | 1.8% |
171,804
+2,542
| +2% | +$285K |
2022 Q2
16 quarters
|
|
14
Freedom 100 Emerging Markets ETF
FRDM
$3.53B
| $16M | 1.65% |
219,058
+210,414
| +2,434% | +$14.1M |
2026 Q1
1 quarter
|
|
15
Microsoft
MSFT
$4.02T
| $13.6M | 1.4% |
36,373
+5,227
| +17% | +$2.11M |
2019 Q4
26 quarters
|
|
16
Alphabet (Google) Class A
GOOGL
$4.31T
| $12.2M | 1.25% |
34,113
+28,003
| +458% | +$10.1M |
2025 Q3
3 quarters
|
|
17
Howard Hughes
HHH
$4.32B
| $12.1M | 1.24% |
+169,075
| New | +$11M |
2026 Q2
0 quarters
|
|
18
Mitsubishi UFJ Financial
MUFG
$252B
| $11.5M | 1.18% |
574,236
-1,408
| -0.2% | -$26.5K |
2025 Q3
3 quarters
|
|
19
Eagle Capital Select Equity ETF
EAGL
$4.81B
| $11.5M | 1.18% |
356,498
+57,361
| +19% | +$1.86M |
2024 Q2
8 quarters
|
|
20
JPMorgan Chase
JPM
$889B
| $11.4M | 1.17% |
34,689
+625
| +2% | +$194K |
2020 Q4
22 quarters
|
|
21
iShares Russell 1000 Growth ETF
IWF
$130B
| $10.9M | 1.12% |
87,760
+84,960
| +3,034% | +$10.2M |
2025 Q2
4 quarters
|
|
22
iShares Core MSCI EAFE ETF
IEFA
$189B
| $10.7M | 1.1% |
111,184
+100,590
| +949% | +$9.66M |
2026 Q1
1 quarter
|
|
23
iShares Gold Trust Micro
IAUM
$6.6B
| $10.6M | 1.09% |
265,651
| – | – |
2025 Q4
2 quarters
|
|
24
Walmart Inc
WMT
$897B
| $10.4M | 1.07% |
91,844
+5,156
| +6% | +$640K |
2023 Q2
12 quarters
|
|
25
Nokia
NOK
$55.4B
| $10M | 1.03% |
+753,841
| New | +$9.7M |
2026 Q2
0 quarters
|
|
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Permanens Capital's Q2 2026 Portfolio in Review
As of Q2 2026, Permanens Capital held 124 positions worth $972M, up 25% from $776M the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Permanens Capital deployed $174M of net new capital in Q2 2026, opening 36 new positions and adding to 47 existing holdings. Its largest new stake was Pershing Square USA: 601,320 shares worth $22.5M.
By sector, the portfolio is most concentrated in Miscellaneous at 83% of assets, up from 82% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was iShares Gold Trust, an estimated $87.2M trimmed.
- Permanens Capital's largest Q2 2026 buy was Pershing Square USA: 601,320 shares worth $22.5M.
- Permanens Capital added most to State Street SPDR Bloomberg 1-3 Month T-Bill ETF in Q2 2026, an estimated $72.3M increase.
- Permanens Capital's biggest Q2 2026 reduction was iShares Gold Trust, cutting an estimated $87.2M.
- Permanens Capital fully exited iShares 3-7 Year Treasury Bond ETF in Q2 2026, selling an estimated $30.6M.
- Permanens Capital's ten largest holdings make up 68% of its $972M portfolio in Q2 2026.
- Permanens Capital opened 36 new positions and closed 24 in Q2 2026.
- Permanens Capital's portfolio value rose 25% quarter-over-quarter to $972M.
Based on Permanens Capital's 13F filing for Q2 2026, filed 14 Aug 2026.