PC

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

64

New

11

Increased

36

Reduced

12

Closed

5

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
51	BRT 51 BRT Apartments BRT $296M	$402K	0.07%	23,308	New	+$402K
52	52 Hilton Worldwide HLT $58B	$381K	0.07%	1,673 -85	-5%	-$19.3K
53	53 Invesco QQQ Trust QQQ $339B	$315K	0.06%	671	New	+$315K
54	54 iShares Core S&P 500 ETF IVV $589B	$314K	0.06%	559	New	+$314K
55	55 Intuit INTU $210B	$310K	0.06%	505	New	+$310K
56	56 iShares 1-3 Year Treasury Bond ETF SHY $24.2B	$303K	0.06%	3,663 -189,956	-98%	-$15.7M
57	57 PTC PTC $20.3B	$288K	0.05%	1,856	New	+$288K
58	DFS 58 DELISTED Discover Financial Services DFS	$264K	0.05%	1,546	New	+$264K
59	59 Archer Aviation Redeemable Warrants ACHR.WS $1.55B	$27.9K	0.01%	15,483 -5,161	-25%	-$9.29K
60	60 Charter Communications CHTR $53.7B	$0	0%	0 -723	Closed	–
61	61 iShares MSCI Japan ETF EWJ $14.9B	$0	0%	0 -144,482	Closed	–
62	62 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD $30.9B	$0	0%	0 -2,490	Closed	–
63	63 Visa V $676B	$0	0%	0 -1,543	Closed	–
64	64 Vanguard High Dividend Yield ETF VYM $59.6B	$0	0%	0 -2,170	Closed	–