Permanens Capital Portfolio holdings

AUM $551M

AUM

$551M

AUM Growth

+$27M (+5%)

Cap. Flow

+$41.3M

Cap. Flow % of AUM

7.5%

Top 10 Holdings %Top 10 Hldgs %

85.76%

Holding

New

Increased

Reduced

Closed

Top Buys

1	Principal Spectrum Preferred Securities Active ETF PREF	$25.8M
2	Xtrackers MSCI Europe Hedged Equity ETF DBEU	$22.3M
3	Vanguard Growth ETF VUG	$19M
4	WisdomTree Japan Hedged Equity Fund DXJ	$17.9M
5	Vanguard Value ETF VTV	$14M

Top Sells

1	Invesco S&P 500 Equal Weight ETF RSP	$64.6M
2	iShares 1-3 Year Treasury Bond ETF SHY	$15.7M
3	iShares Gold Trust IAU	$6.61M
4	Cameco CCJ	$3.96M
5	Berkshire Hathaway Class B BRK.B	$1.34M

Sector Composition

1	Financials	3.72%
2	Technology	2.47%
3	Consumer Discretionary	2.03%
4	Communication Services	1.62%
5	Energy	1.08%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Comcast CMCSA $131B	$1.44M	0.26%	39,131 +19,105	+95%	+$705K
27	27 Shell SHEL $214B	$1.31M	0.24%	17,940 +5,859	+49%	+$429K
28	28 UnitedHealth UNH $284B	$1.31M	0.24%	2,493 +1,009	+68%	+$528K
29	29 Alphabet (Google) Class C GOOG $2.13T	$1.28M	0.23%	8,170 +2,114	+35%	+$330K
30	30 AerCap AER $21B	$1.28M	0.23%	12,464 +4,668	+60%	+$478K
31	31 Meta Platforms (Facebook) META $1.72T	$1.17M	0.21%	2,035 +49	+2%	+$28.2K
32	32 Workday WDAY $65.2B	$1.17M	0.21%	5,004 +1,436	+40%	+$335K
33	33 SPDR Bloomberg 1-3 Month T-Bill ETF BIL $44.1B	$1.1M	0.2%	12,021 +5,694	+90%	+$522K
34	34 Aon AON $76.2B	$910K	0.17%	2,279 -317	-12%	-$127K
35	35 SAP SAP $342B	$847K	0.15%	3,155 +19	+0.6%	+$5.1K
36	36 Capital One COF $123B	$834K	0.15%	4,653 +1,314	+39%	+$236K
37	37 TSMC TSM $1.09T	$833K	0.15%	5,006 +1,417	+39%	+$236K
38	38 Woodward WWD $13.8B	$806K	0.15%	4,415 +1,544	+54%	+$282K
39	39 Lennar Class A LEN $28.7B	$799K	0.15%	6,961	New	+$799K
40	40 Humana HUM $28.4B	$741K	0.13%	2,790 +685	+33%	+$182K
41	41 SPDR Portfolio S&P 500 Value ETF SPYV $25.9B	$653K	0.12%	12,784 -4,329	-25%	-$221K
42	42 Elevance Health ELV $86.9B	$612K	0.11%	1,406 +397	+39%	+$173K
43	43 Estee Lauder EL $24.2B	$586K	0.11%	8,872 +5,885	+197%	+$388K
44	44 SPDR Portfolio S&P 500 Growth ETF SPYG $35.1B	$572K	0.1%	7,114 -156	-2%	-$12.5K
45	45 Liberty Broadband Class C LBRDK $13.2B	$557K	0.1%	6,550 +1,852	+39%	+$158K
46	46 Wells Fargo WFC $235B	$549K	0.1%	7,644 +1,346	+21%	+$96.6K
47	47 Invesco S&P 500 Equal Weight ETF RSP $71.8B	$500K	0.09%	2,887 -372,768	-99%	-$64.6M
48	48 GE Vernova GEV $131B	$483K	0.09%	1,581 +284	+22%	+$86.7K
49	49 Alcoa AA $7.34B	$463K	0.08%	15,191 +4,355	+40%	+$133K
50	50 Jefferies Financial Group JEF $10.8B	$406K	0.07%	7,580	New	+$406K