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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
+8.92%
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
$733M
AUM Growth
+$183M
(+33%)
Cap. Flow
+$129M
Cap. Flow
% of AUM
17.64%
Top 10 Holdings %
Top 10 Hldgs %
79.78%
Holding
76
New
17
Increased
46
Reduced
4
Closed
8
Avg Time Held
6.3
quarters
Top 10 Avg Time Held
12.7
quarters
Top 20 Avg Time Held
8.3
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$37.3M |
| 2 |
Xtrackers MSCI Europe Hedged Equity ETF
DBEU
|
+$19.7M |
| 3 |
iShares Silver Trust
SLV
|
+$18.9M |
| 4 |
WisdomTree Japan Hedged Equity Fund
DXJ
|
+$16.7M |
| 5 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$13.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Growth ETF
VUG
|
+$20.8M |
| 2 |
Apple
AAPL
|
+$4.55M |
| 3 |
Walt Disney
DIS
|
+$4.46M |
| 4 |
iShares ESG Optimized MSCI USA ETF
SUSA
|
+$2.84M |
| 5 |
Sprott Physical Gold
PHYS
|
+$1.69M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 86.14% |
| 2 | Financials | 3.85% |
| 3 | Energy | 2.35% |
| 4 | Consumer Discretionary | 2.14% |
| 5 | Technology | 2.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Vanguard Morningstar Value ETF
VTV
$188B
| $142M | 19.31% |
797,030
+9,202
| +1% | +$1.55M |
2016 Q2
36 quarters
|
|
|
2
Vanguard Morningstar Growth ETF
VUG
$237B
| $133M | 18.07% |
1,811,922
-316,356
| -15% | -$20.8M |
2013 Q4
46 quarters
|
|
|
3
Xtrackers MSCI Europe Hedged Equity ETF
DBEU
$773M
| $62.4M | 8.51% |
1,414,972
+446,333
| +46% | +$19.7M |
2024 Q4
2 quarters
|
|
4
iShares Gold Trust
IAU
$61.6B
| $56.7M | 7.73% |
909,546
+35,804
| +4% | +$2.22M |
2016 Q1
37 quarters
|
|
|
5
WisdomTree Japan Hedged Equity Fund
DXJ
$2.39B
| $53.7M | 7.32% |
1,409,985
+458,253
| +48% | +$16.7M |
2013 Q4
46 quarters
|
|
|
6
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.61B
| $38M | 5.19% |
+881,749
| New | +$37.3M |
2025 Q2
0 quarters
|
|
7
Principal Spectrum Preferred Securities Active ETF
PREF
$1.88B
| $28.8M | 3.93% |
1,520,729
+139,798
| +10% | +$2.6M |
2025 Q1
1 quarter
|
|
8
iShares MSCI Emerging Markets ex China ETF
EMXC
$25.3B
| $25.4M | 3.46% |
401,493
+3,860
| +1% | +$225K |
2023 Q1
9 quarters
|
|
9
Eagle Capital Select Equity ETF
EAGL
$4.8B
| $22.9M | 3.13% |
760,077
+262,797
| +53% | +$7.4M |
2024 Q2
4 quarters
|
|
10
JPMorgan BetaBuilders Japan ETF
BBJP
$19.6B
| $22.9M | 3.12% |
370,860
+225,933
| +156% | +$13.2M |
2024 Q2
4 quarters
|
|
|
11
iShares Silver Trust
SLV
$28.8B
| $20.3M | 2.77% |
+618,578
| New | +$18.9M |
2025 Q2
0 quarters
|
|
|
12
iShares 1-3 Year Treasury Bond ETF
SHY
$26.8B
| $13.7M | 1.87% |
165,623
+161,960
| +4,422% | +$13.4M |
2024 Q3
3 quarters
|
|
13
Cameco
CCJ
$37.5B
| $13.7M | 1.87% |
184,304
+114,368
| +164% | +$6.1M |
2022 Q2
12 quarters
|
|
14
Microsoft
MSFT
$4.05T
| $8.78M | 1.2% |
17,652
+2,753
| +18% | +$1.2M |
2019 Q4
22 quarters
|
|
15
Ulta Beauty
ULTA
$24.8B
| $6.06M | 0.83% |
12,946
+1,718
| +15% | +$710K |
2023 Q4
6 quarters
|
|
16
Charles Schwab
SCHW
$167B
| $5.6M | 0.76% |
61,341
+6,813
| +12% | +$570K |
2020 Q1
21 quarters
|
|
17
JPMorgan Chase
JPM
$891B
| $5.47M | 0.75% |
18,876
+2,092
| +12% | +$534K |
2020 Q4
18 quarters
|
|
18
Berkshire Hathaway Class B
BRK.B
$1.12T
| $5.3M | 0.72% |
10,920
+1,284
| +13% | +$652K |
2024 Q1
5 quarters
|
|
19
UBS Group
UBS
$147B
| $5.13M | 0.7% |
151,596
+20,899
| +16% | +$647K |
2025 Q1
1 quarter
|
|
20
Walmart Inc
WMT
$902B
| $4.97M | 0.68% |
50,851
+5,826
| +13% | +$555K |
2023 Q2
8 quarters
|
|
21
Marriott International
MAR
$96.2B
| $4.77M | 0.65% |
17,453
+2,057
| +13% | +$516K |
2020 Q2
20 quarters
|
|
22
Invesco S&P 500 Equal Weight ETF
RSP
$97B
| $3.47M | 0.47% |
19,069
+16,182
| +561% | +$2.79M |
2024 Q3
3 quarters
|
|
|
23
iShares ESG Optimized MSCI USA ETF
SUSA
$4.11B
| $3.12M | 0.42% |
24,577
-24,064
| -49% | -$2.84M |
2020 Q3
19 quarters
|
|
24
Amazon
AMZN
$2.81T
| $3.1M | 0.42% |
14,147
+2,418
| +21% | +$478K |
2024 Q3
3 quarters
|
|
25
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$50.8B
| $2.84M | 0.39% |
31,005
+18,984
| +158% | +$1.74M |
2024 Q3
3 quarters
|
|
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Permanens Capital's Q2 2025 Portfolio in Review
As of Q2 2025, Permanens Capital held 76 positions worth $733M, up 33% from $551M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Permanens Capital deployed $129M of net new capital in Q2 2025, opening 17 new positions and adding to 46 existing holdings. Its largest new stake was iShares 0-5 Year High Yield Corporate Bond ETF: 881,749 shares worth $38M.
By sector, the portfolio is most concentrated in Miscellaneous at 86% of assets, down from 87% a quarter earlier, followed by Financials and Energy.
On the sell side, the largest reduction was Vanguard Morningstar Growth ETF, an estimated $20.8M trimmed.
- Permanens Capital's largest Q2 2025 buy was iShares 0-5 Year High Yield Corporate Bond ETF: 881,749 shares worth $38M.
- Permanens Capital added most to Xtrackers MSCI Europe Hedged Equity ETF in Q2 2025, an estimated $19.7M increase.
- Permanens Capital's biggest Q2 2025 reduction was Vanguard Morningstar Growth ETF, cutting an estimated $20.8M.
- Permanens Capital fully exited Apple in Q2 2025, selling an estimated $4.55M.
- Permanens Capital's ten largest holdings make up 80% of its $733M portfolio in Q2 2025.
- Permanens Capital opened 17 new positions and closed 8 in Q2 2025.
- Permanens Capital's portfolio value rose 33% quarter-over-quarter to $733M.
Based on Permanens Capital's 13F filing for Q2 2025, filed 14 Aug 2025.