Fund HoldingsPermanens Capital L.P.

Total Portfolio Value
$766.76M
Total Bought
$255.49M
Total Sold
$196.01M
Net Transaction
+$59.48M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
SPDR SERIES TRUST
ST STR BLO 1 ETF
0664,112+664,112060,6877.91%+60,687
J P MORGAN EXCHANGE TRADED F
BETA EURO ET NE
5,760560,278+554,51840141,0685.36%+40,667
ISHARES GOLD TR(IAU)890,2551,122,462+232,20764,78391,11011.88%+26,327
2023 ETF SERIES TRUST
EAGL CAP SEL ETF
0800,671+800,671025,9903.39%+25,990
ISHARES SILVER TR(SLV)931,983900,242-31,74139,48857,9947.56%+18,505
UBS GROUP AG(UBS)0207,412+207,41209,6051.25%+9,605
ISHARES GOLD TR(IAU)0152,381+152,38106,5510.85%+6,551
MICROSOFT CORP(MSFT)13,14225,224+12,0826,80712,1991.59%+5,392
AMAZON COM INC(AMZN)4,81426,864+22,0501,0576,2010.81%+5,144
WISDOMTREE TR(WT)291,733292,755+1,02237,35142,2045.50%+4,853
PRINCIPAL EXCHANGE TRADED FD
SPECTRUM PFD
1,468,5141,715,767+247,25328,10732,7204.27%+4,612
CONOCOPHILLIPS(COP)034,632+34,63203,2420.42%+3,242
ALPHABET INC(GOOG)09,363+9,36302,9380.38%+2,938
ULTA BEAUTY INC(ULTA)11,23614,966+3,7306,1439,0551.18%+2,911
WORKDAY INC(WDAY)013,510+13,51002,9020.38%+2,902
WALMART INC(WMT)66,58986,403+19,8146,8639,6461.26%+2,784
TAIWAN SEMICONDUCTOR MFG LTD(TSM)09,083+9,08302,7670.36%+2,767
CAPITAL ONE FINL CORP(COF)011,278+11,27802,7330.36%+2,733
SCHWAB CHARLES CORP(SCHW)62,58785,461+22,8745,9758,5381.11%+2,563
AERCAP HOLDINGS NV(AER)017,516+17,51602,5180.33%+2,518
DANAHER CORPORATION(DHR)010,598+10,59802,4290.32%+2,429
ISHARES TR
0-5YR HI YL CP
786,065847,010+60,94534,03736,3114.74%+2,275
WOODWARD INC(WWD)07,437+7,43702,2480.29%+2,248
JPMORGAN CHASE & CO.(JPM)21,12127,436+6,3156,6628,8401.15%+2,178
MITSUBISHI UFJ FINL GROUP IN(MUFG)395,273533,233+137,9606,3018,4571.10%+2,156
COMCAST CORP NEW(CCZ)071,047+71,04702,1240.28%+2,124
CAMECO CORP(CCJ)166,648174,183+7,53513,97515,9362.08%+1,961
LENNAR CORP(LEN)018,917+18,91701,9450.25%+1,945
SAP SE(SAP)07,535+7,53501,8300.24%+1,830
META PLATFORMS INC(META)1,6354,553+2,9181,2013,0050.39%+1,805
ASML HOLDING N V
N Y REGISTRY SHS
01,531+1,53101,6380.21%+1,638
LAUDER ESTEE COS INC(EL)014,792+14,79201,5490.20%+1,549
ALCOA CORP(AA)027,511+27,51101,4620.19%+1,462
MERCADOLIBRE INC(MELI)118836+7182761,6840.22%+1,408
HUMANA INC(HUM)05,474+5,47401,4070.18%+1,407
AON PLC(AON)03,877+3,87701,3680.18%+1,368
LAZARD ACTIVE ETF TR
JAPANESE EQUITY
555,599582,605+27,00617,44318,6412.43%+1,198
SHELL PLC(SHEL)015,210+15,21001,1180.15%+1,118
ELEVANCE HEALTH INC FORMERLY(ELV)02,546+2,54608930.12%+893
HILTON WORLDWIDE HLDGS INC(HLT)03,035+3,03508720.11%+872
ALPHABET INC(GOOG)4,3696,110+1,7411,0621,9120.25%+850
PTC INC(PTC)04,173+4,17307270.09%+727
INTUIT(INTU)0914+91406050.08%+605
LIBERTY BROADBAND CORP(LBRDA)012,406+12,40606030.08%+603
SHOPIFY INC(SHOP)7,92710,030+2,1031,1781,6150.21%+436
MARTIN MARIETTA MATLS INC(MLM)0608+60803790.05%+379
VULCAN MATLS CO(VMC)01,208+1,20803450.04%+345
SPDR S&P 500 ETF TR(SPY)4,3184,707+3892,8853,2190.42%+334
PROSHARES TR II(AGQ)09,000+9,00003230.04%+323
MASTERCARD INCORPORATED(MA)1,9672,521+5541,1191,4390.19%+320
APPLE INC(AAPL)5,0755,803+7281,2921,5780.21%+285
PROSHARES TR
PSHS ULTRA QQQ
8,60520,750+12,1451,1811,4610.19%+280
NETFLIX INC(NFLX)1,93626,296+24,3602,3212,4660.32%+144
ISHARES TR15,59616,508+9121,8641,9700.26%+106
ISHARES TR35,14337,203+2,0601,8641,9670.26%+104
BP PLC(BP)9,47212,266+2,7943264260.06%+100
KRANESHARES TRUST20,33627,792+7,4568549460.12%+92
ALTI GLOBAL INC77,81777,81702773610.05%+84
READY CAPITAL CORP15,00065,000+50,000601420.02%+82
PODCASTONE INC105,876100,238-5,6381782480.03%+70
OPENDOOR TECHNOLOGIES INC(OPEN)010,000+10,0000580.01%+58
NVIDIA CORPORATION(NVDA)1,8982,076+1783543870.05%+33
LIVEONE INC83,72678,823-4,9033463720.05%+26
ISHARES TR594614+203984210.05%+23
ISHARES TR1,4491,456+72953060.04%+11
QXO INC(QXO)44,00044,00008398490.11%+10
ISHARES TR80380303763800.05%+4
CRESCENT CAP BDC INC10,00010,00001471450.02%-2
MIDCAP FINANCIAL INVSTMNT CO11,02911,02901321260.02%-6
ABRDN INCOME CREDIT STRATEGI27,50027,50001601510.02%-9
FS KKR CAP CORP(FSK)12,05812,05801881790.02%-10
ARES CAPITAL CORP(ARCC)65,54465,54401,3381,3260.17%-12
BLACKROCK TCP CAPITAL CORP21,40621,40601331170.02%-16
INVESCO QQQ TR1,1581,105-536966790.09%-17
PIMCO ETF TR
0-5 HIGH YIELD
5130-513490-49
NANO DIMENSION LTD50,0000-50,000790-78
BANK AMERICA CORP5,9484,149-1,7993072280.03%-79
BGC GROUP INC170,000170,00001,6081,5180.20%-90
BRT APARTMENTS CORP201,263201,264+13,1922,9990.39%-193
BERKSHIRE HATHAWAY INC DEL4410-4412220-222
PROSHARES TR II25,0000-25,0002610-261
TERAWULF INC(WULF)45,0000-45,0005140-514
DELL TECHNOLOGIES INC(DELL)4,0670-4,0675770-577
ISHARES ETHEREUM TR(ETHA)38,2200-38,2201,2040-1,204
UNITEDHEALTH GROUP INC(UNH)19,78410,150-9,6346,8313,3510.44%-3,481
ISHARES BITCOIN TRUST ETF(IBIT)53,8780-53,8783,5020-3,502
UBS GROUP AG SHS(UBS)151,9170-151,9176,2290-6,229
VANGUARD INDEX FDS656,355561,293-95,062123,023107,20113.98%-15,821
2023 ETF SERIES TRUST
EAGL CAP SEL ETF
764,0240-764,02423,8830-23,883
DBX ETF TR823,8350-823,83537,9380-37,938
SPDR SERIES TRUST
ST STR BLO 1 ETF
441,6400-441,64040,5200-40,520
VANGUARD INDEX FDS253,775161,547-92,228121,84278,81210.28%-43,029
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