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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 | |
|---|---|---|---|---|---|---|---|
101
abrdn Income Credit Strategies Fund
ACP
$548M
| – | – |
-60,550
| Closed | -$309K | – |
|
102
AerCap
AER
$23B
| – | – |
-7,002
| Closed | -$961K | – |
|
103
AlTi Global
ALTI
$293M
| – | – |
-82,581
| Closed | -$299K | – |
|
104
Ares Capital
ARCC
$13.4B
| – | – |
-65,544
| Closed | -$1.18M | – |
|
105
Bank of America
BAC
$382B
| – | – |
-4,149
| Closed | -$202K | – |
|
106
BGC Group
BGC
$5.41B
| – | – |
-170,000
| Closed | -$1.66M | – |
|
|
107
Baker Hughes
BKR
$55.8B
| – | – |
-174,553
| Closed | -$10.7M | – |
|
108
BRT Apartments
BRT
$251M
| – | – |
-201,265
| Closed | -$2.73M | – |
|
109
Blackstone Secured Lending
BXSL
$5.56B
| – | – |
-15,375
| Closed | -$376K | – |
|
110
Crescent Capital BDC
CCAP
$337M
| – | – |
-10,000
| Closed | -$126K | – |
|
111
Comcast
CMCSA
$73.4B
| – | – |
-37,901
| Closed | -$1.09M | – |
|
112
Ellington Financial
EFC
$1.51B
| – | – |
-22,298
| Closed | -$267K | – |
|
113
FS KKR Capital
FSK
$3.01B
| – | – |
-12,058
| Closed | -$129K | – |
|
114
SPDR Gold Trust
GLD
$141B
| – | – |
-1,049
| Closed | -$451K | – |
|
|
115
iShares 3-7 Year Treasury Bond ETF
IEI
$16.9B
| – | – |
-257,944
| Closed | -$30.6M | – |
|
116
LiveOne
LVO
$35.5M
| – | – |
-78,823
| Closed | -$402K | – |
|
117
MidCap Financial Investment
MFIC
$695M
| – | – |
-11,029
| Closed | -$124K | – |
|
118
Prospect Capital
PSEC
$924M
| – | – |
-66,180
| Closed | -$176K | – |
|
119
Ready Capital
RC
$193M
| – | – |
-65,000
| Closed | -$106K | – |
|
120
Shell
SHEL
$289B
| – | – |
-6,013
| Closed | -$559K | – |
|
121
BlackRock TCP Capital
TCPC
$334M
| – | – |
-21,406
| Closed | -$77.3K | – |
|
122
Woodward
WWD
$19.6B
| – | – |
-2,457
| Closed | -$879K | – |
|
123
QXO Inc
QXO
$11B
| – | – |
-50,000
| Closed | -$971K | – |
|
|
124
BlackRock ETF Trust II iShares High Yield Active ETF
BRHY
$133M
| – | – |
-154,756
| Closed | -$7.81M | – |
|
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IAS
ZI
SI
TCA
EWM
PFGIA
MWM
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.