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Permit Capital Portfolio holdings

AUM $294M
1-Year Est. Return 27.9%
This Fund
S&P 500
This Quarter Est. Return
+1.42%
1 Year Est. Return
+27.9%
3 Year Est. Return
+76.02%
5 Year Est. Return
+67.32%
10 Year Est. Return
+401.67%
AUM
$268M
AUM Growth
-$21.9M
Cap. Flow
-$16.8M
Cap. Flow %
-6.28%
Top 10 Hldgs %
91.92%
Holding
26
New
–
Increased
3
Reduced
9
Closed
3

Top Buys

Rank Stock Value
1
PBI icon
Pitney Bowes
PBI
+$3.68M
2
PARA
Paramount Global Class B
PARA
+$2.56M
3
EXPE icon
Expedia Group
EXPE
+$2.47M

Top Sells

Rank Stock Value
1
C icon
Citigroup
C
+$8.68M
2
RTX icon
RTX Corp
RTX
+$6.96M
3
COP icon
ConocoPhillips
COP
+$5.9M
4
IDCC icon
InterDigital
IDCC
+$2.78M
5
META icon
Meta Platforms (Facebook)
META
+$647K

Sector Composition

Rank Sector Weight
1 Real Estate 60.22%
2 Communication Services 12.5%
3 Financials 5.92%
4 Technology 5.1%
5 Consumer Discretionary 5.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RTX icon
26
RTX Corp
RTX
$287B
– –
-69,000
Closed -$6.96M
1
2

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Permit Capital's Q1 2023 Portfolio in Review

As of Q1 2023, Permit Capital held 26 positions worth $268M, down 7.6% from $289M the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Permit Capital withdrew a net $16.8M in Q1 2023, closing 3 positions and reducing 9 holdings. Its most notable exit was Citigroup, an estimated $8.68M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 60% of assets, up from 60% a quarter earlier, followed by Communication Services and Financials.

Against the trend, Permit Capital added an estimated $3.68M to Pitney Bowes.

  • Permit Capital added most to Pitney Bowes in Q1 2023, an estimated $3.68M increase.
  • Permit Capital's biggest Q1 2023 reduction was InterDigital, cutting an estimated $2.78M.
  • Permit Capital fully exited Citigroup in Q1 2023, selling an estimated $8.68M.
  • Permit Capital's ten largest holdings make up 92% of its $268M portfolio in Q1 2023.
  • Permit Capital opened 0 new positions and closed 3 in Q1 2023.
  • Permit Capital's portfolio value fell 7.6% quarter-over-quarter to $268M.

Based on Permit Capital's 13F filing for Q1 2023, filed 15 May 2023.