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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
-0.4%
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
$164M
AUM Growth
-$29.1M
(-15%)
Cap. Flow
-$27.9M
Cap. Flow
% of AUM
-17.01%
Top 10 Holdings %
Top 10 Hldgs %
99.97%
Holding
15
New
3
Increased
3
Reduced
6
Closed
3
Avg Time Held
4.2
quarters
Top 10 Avg Time Held
4.9
quarters
Top 20 Avg Time Held
4.2
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Value ETF
VTV
|
+$29.3M |
| 2 |
WisdomTree Europe Hedged Equity Fund
HEDJ
|
+$6.85M |
| 3 |
Jefferies Financial Group
JEF
|
+$350K |
| 4 |
iShares Gold Trust
IAU
|
+$179K |
| 5 |
GCVRZ
Sanofi Contingent Value Rights
GCVRZ
|
+$19.4K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard High Dividend Yield ETF
VYM
|
+$42.9M |
| 2 |
Vanguard Morningstar Growth ETF
VUG
|
+$11.2M |
| 3 |
WisdomTree Japan Hedged Equity Fund
DXJ
|
+$4.66M |
| 4 |
iShares Currency Hedged MSCI Eurozone ETF
HEZU
|
+$4.36M |
| 5 |
DXGE
WisdomTree Germany Hedged Equity Fund
DXGE
|
+$576K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 99.27% |
| 2 | Financials | 0.52% |
| 3 | Healthcare | 0.2% |
| 4 | Consumer Discretionary | 0.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard Morningstar Growth ETF
VUG
$237B
| $39.5M | 24.07% |
2,212,146
-627,222
| -22% | -$11.2M |
2013 Q4
10 quarters
|
|
|
2
Vanguard High Dividend Yield ETF
VYM
$81B
| $31.2M | 19.02% |
437,191
-614,478
| -58% | -$42.9M |
2013 Q4
10 quarters
|
|
|
3
Vanguard Morningstar Value ETF
VTV
$189B
| $29.8M | 18.14% |
+350,573
| New | +$29.3M |
2016 Q2
0 quarters
|
|
|
4
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.74B
| $22.4M | 13.67% |
888,374
+263,752
| +42% | +$6.85M |
2014 Q4
6 quarters
|
|
|
5
WisdomTree Japan Hedged Equity Fund
DXJ
$2.39B
| $22.1M | 13.48% |
1,712,883
-331,530
| -16% | -$4.66M |
2013 Q4
10 quarters
|
|
|
6
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$564M
| $14.4M | 8.79% |
600,021
-178,109
| -23% | -$4.36M |
2015 Q3
3 quarters
|
|
|
7
iShares Gold Trust
IAU
$61.9B
| $1.76M | 1.07% |
69,133
+7,376
| +12% | +$179K |
2016 Q1
1 quarter
|
|
8
iShares 1-3 Year Treasury Bond ETF
SHY
$26.8B
| $1.65M | 1.01% |
19,387
-1,023
| -5% | -$87K |
2015 Q4
2 quarters
|
|
|
9
Jefferies Financial Group
JEF
$10.5B
| $862K | 0.52% |
55,580
+22,925
| +70% | +$350K |
2014 Q3
7 quarters
|
|
10
Align Technology
ALGN
$10B
| $322K | 0.2% |
4,000
-1,000
| -20% | -$76.5K |
2016 Q1
1 quarter
|
|
|
GCVRZ
11
DELISTED
Sanofi Contingent Value Rights
GCVRZ
| $27K | 0.02% |
+112,982
| New | +$19.4K |
2016 Q2
0 quarters
|
|
|
CVO
12
DELISTED
Cenevo, Inc.
CVO
| $18K | 0.01% |
+2,834
| New | +$16.5K |
2016 Q2
0 quarters
|
|
13
DELISTED
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
| – | – |
-21,893
| Closed | -$527K | – |
|
|
RBS.PRT
14
DELISTED
ROYAL BANK OF SCOTLAND GRP PLS (THE) SPONS ADR REPSTG PFD
RBS.PRT
| – | – |
-10,000
| Closed | -$254K | – |
|
|
DXGE
15
DELISTED
WisdomTree Germany Hedged Equity Fund
DXGE
| – | – |
-22,660
| Closed | -$576K | – |
|
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Permanens Capital's Q2 2016 Portfolio in Review
As of Q2 2016, Permanens Capital held 15 positions worth $164M, down 15% from $193M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Permanens Capital withdrew a net $27.9M in Q2 2016, closing 3 positions and reducing 6 holdings. Its most notable exit was WisdomTree Germany Hedged Equity Fund, an estimated $576K position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, down from 100% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Permanens Capital opened a new position in Vanguard Morningstar Value ETF worth $29.8M.
- Permanens Capital's largest Q2 2016 buy was Vanguard Morningstar Value ETF: 350,573 shares worth $29.8M.
- Permanens Capital added most to WisdomTree Europe Hedged Equity Fund in Q2 2016, an estimated $6.85M increase.
- Permanens Capital's biggest Q2 2016 reduction was Vanguard High Dividend Yield ETF, cutting an estimated $42.9M.
- Permanens Capital fully exited WisdomTree Germany Hedged Equity Fund in Q2 2016, selling an estimated $576K.
- Permanens Capital's ten largest holdings make up 100% of its $164M portfolio in Q2 2016.
- Permanens Capital opened 3 new positions and closed 3 in Q2 2016.
- Permanens Capital's portfolio value fell 15% quarter-over-quarter to $164M.
Based on Permanens Capital's 13F filing for Q2 2016, filed 15 Aug 2016.