Fund HoldingsPermanent Capital Management, LP

Total Portfolio Value
$513.29M
Total Bought
$30.36M
Total Sold
$56.87M
Net Transaction
-$26.50M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
SPDR SERIES TRUST
ST LON TREAS ETF
0279,198+279,19807,3901.44%+7,390
VANGUARD INDEX FDS243,343245,519+2,176149,442153,97330.00%+4,530
VANGUARD TAX-MANAGED FDS656,678667,846+11,16839,34841,7208.13%+2,372
BOEING CO(BA)07,152+7,15201,5530.30%+1,553
UNILEVER PLC(UL)017,621+17,62101,1520.22%+1,152
PROGRESSIVE CORP(PGR)04,737+4,73701,0790.21%+1,079
BECTON DICKINSON & CO(BDX)04,684+4,68409090.18%+909
ALPHABET INC(GOOG)9,9489,931-172,4183,1080.61%+690
SELECT MED HLDGS CORP045,000+45,00006680.13%+668
INVESCO EXCHANGE TRADED FD T
S&P500 EQL WGT
216,711218,091+1,38041,11041,7788.14%+667
CATERPILLAR INC(CAT)5,3695,586+2172,5623,2000.62%+638
SL GREEN RLTY CORP(SLG)013,628+13,62806250.12%+625
CAPITAL ONE FINL CORP(COF)12,96013,719+7592,7553,3250.65%+570
FIRST WESTN FINL INC021,000+21,00005630.11%+563
HUT 8 CORP(HUT)012,000+12,00005510.11%+551
SPROTT ASSET MANAGEMENT LP(PSLV)021,920+21,92005180.10%+518
KIMBERLY-CLARK CORP(KMB)3,0018,187+5,1863778370.16%+460
CADIZ INC496,519496,51902,3442,7850.54%+442
ALPHABET INC(GOOG)6,3976,010-3871,5581,8860.37%+328
SPDR GOLD TR(GLD)10,0329,803-2293,5663,8850.76%+319
VANECK ETF TRUST
JUNIOR GOLD MINE
02,509+2,50902850.06%+285
UBS GROUP AG(UBS)69,32767,470-1,8572,8423,1250.61%+282
APPLE INC(AAPL)13,93914,080+1413,5493,8280.75%+279
AMAZON COM INC(AMZN)13,41013,942+5322,9443,2180.63%+274
TAIWAN SEMICONDUCTOR MFG LTD(TSM)0825+82502510.05%+251
NVIDIA CORPORATION(NVDA)21,43522,789+1,3544,0004,2500.83%+251
CARDINAL HEALTH INC(CAH)01,065+1,06502190.04%+219
NUCOR CORP(NUE)01,321+1,32102160.04%+216
BERKSHIRE HATHAWAY INC DEL0423+42302130.04%+213
ISHARES TR
MSCI INDIA ETF
03,915+3,91502120.04%+212
REPUBLIC SVCS INC(RSG)0956+95602030.04%+203
ACACIA RESH CORP405,345405,34501,3171,5160.30%+199
VANGUARD INTL EQUITY INDEX F286,715292,437+5,72215,53415,7213.06%+187
ISHARES TR54,86254,86207,5847,7621.51%+178
ISHARES TR136,297138,582+2,28513,66413,8422.70%+178
ISHARES TR4,7445,308+5641,1481,3070.25%+159
BANK NEW YORK MELLON CORP20,76020,773+132,2622,4120.47%+150
TAKE-TWO INTERACTIVE SOFTWAR(TTWO)01,596+1,59604090.08%+409
WESTERN ASSET MANAGED MUNS F013,513+13,51301410.03%+141
BLACKROCK MUNIHLDNGS CALI QL(MUC)013,206+13,20601400.03%+140
GOLUB CAP BDC INC(GBDC)010,300+10,30001400.03%+140
BLACKROCK MUNIHLDGS NJ QLTY(MUJ)011,741+11,74101400.03%+140
NUVEEN NEW YORK AMT QLT MUNI(NRK)013,836+13,83601400.03%+140
BLACKROCK MUNIYIELD QUALITY012,842+12,84201400.03%+140
AXIS CAP HLDGS LTD
SHS
12,35512,35501,1891,3290.26%+139
TECK RESOURCES LTD(TECK)32,27032,27001,4161,5450.30%+129
GENERAL MTRS CO(GM)18,06715,091-2,9761,1021,2270.24%+126
BLUE OWL CAPITAL INC(OBDC)25,14635,518+10,3724265310.10%+105
BOSTON SCIENTIFIC CORP(BSX)04,608+4,60804390.09%+439
WALMART INC(WMT)10,70010,808+1081,1031,2070.24%+104
PG&E CORP(PCG)99,973100,029+561,5101,6120.31%+102
JOHNSON & JOHNSON(JNJ)5,7965,664-1321,0751,1720.23%+97
ABBVIE INC(ABBV)3,1093,551+4427208110.16%+92
AMERICAN INTL GROUP INC12,82612,844+181,0071,0990.21%+91
GOLAR LNG LTD
SHS
52,30359,183+6,8802,1142,2020.43%+89
BLACKROCK MUNIVEST FD INC012,751+12,7510880.02%+88
BARRICK MNG CORP(B)08,025+8,02503490.07%+349
INVESCO QQQ TR2,0832,173+901,2521,3350.26%+83
NEXTERA ENERGY INC(NEE)7,1127,708+5965376190.12%+82
INTUITIVE SURGICAL INC0623+62303530.07%+353
LOEWS CORP(L)15,44515,455+101,5511,6280.32%+77
EXXON MOBIL CORP8,1608,263+1039209940.19%+74
UNITEDHEALTH GROUP INC(UNH)0989+98903260.06%+326
APPLIED MATLS INC1,8901,791-993874600.09%+73
ARS PHARMACEUTICALS INC53,34152,306-1,0355366090.12%+73
BROADCOM INC(AVGO)3,4433,493+501,1361,2090.24%+73
UNION PAC CORP(UNP)10,09010,611+5212,3852,4550.48%+70
CRH PLC
ORD
02,725+2,72503400.07%+340
EXPAND ENERGY CORPORATION(EXE)24,18423,845-3392,5692,6320.51%+62
ISHARES TR8,7538,762+94,1004,1470.81%+47
VANGUARD INTL EQUITY INDEX F14,34514,34501,9772,0240.39%+47
S&P GLOBAL INC(SPGI)1,6981,667-318268710.17%+45
MCDONALDS CORP(MCD)1,3841,504+1204214600.09%+39
MGM RESORTS INTERNATIONAL(MGM)21,29021,288-27387770.15%+39
TESLA INC(TSLA)0747+74703360.07%+336
TABOOLA.COM LTD(TBLA)030,000+30,00001380.03%+138
COCA COLA CO(KO)12,14012,069-718118440.16%+32
REDDIT INC(RDDT)2,2502,390+1405175490.11%+32
INVESCO EXCH TRADED FD TR II8,9498,670-2797007310.14%+31
TRANSUNION(TRU)03,946+3,94603380.07%+338
HILTON WORLDWIDE HLDGS INC(HLT)0893+89302570.05%+257
CROWN HLDGS INC(CCK)3,8073,80703683920.08%+24
CORNING INC(GLW)02,925+2,92502560.05%+256
AES CORP(AES)012,699+12,69901820.04%+182
DEERE & CO(DE)1,4611,467+66706850.13%+15
ISHARES TR01,568+1,56803330.06%+333
NORTHERN TR CORP(NTRS)5,9905,998+88118240.16%+13
AGNC INVT CORP(AGNC)010,800+10,80001170.02%+117
VANGUARD SCOTTSDALE FDS
SHORT TERM TREAS
11,54211,691+1496796870.13%+7
FIDELITY COVINGTON TRUST7,0977,09703954020.08%+7
ALASKA AIR GROUP INC12,39512,394-16176230.12%+6
DIMENSIONAL ETF TRUST
US COR EQU 2 ETF
05,250+5,25002080.04%+208
VANGUARD INDEX FDS01,125+1,12502150.04%+215
BROOKFIELD CORP(BN)07,377+7,37703390.07%+339
BLACKROCK MUNIHOLDINGS FD IN(MHD)012,038+12,03801410.03%+141
CONOCOPHILLIPS(COP)03,072+3,07202880.06%+288
BLACKROCK MUNIYILD QULT FD I(MQY)012,343+12,34301390.03%+139
ISHARES TR4,5524,425-1274254250.08%-0
FIDELITY MERRIMACK STR TR7,9427,94203693680.07%-1
ISHARES TR
MSCI USA QLT FCT
01,371+1,37102720.05%+272
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