Q2 2026 13F · SEC CIK 1599637

Permanens Capital L.P.

Wealth managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $972.4M
Reported positions: 100
Top holdings a year, 3 yrs: +18.1%
Assets under management: $4.0B

Permanens Capital L.P. is a wealth manager that reported 100 positions worth $972.4M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were SPDR Brcy1-3 Ser (BIL, 16.8%), Vanguard Value ETF (VTV, 16.3%), Vanguard Indx Fd (VUG, 7.3%). A portfolio copying its top holdings returned 18.1% a year over the last 3 years, against 20.4% for the S&P 500.

Permanens Capital L.P. holdings largest 50 of 100 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Permanens Capital L.P. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
BILSPDR Brcy1-3 Ser	16.8%	11.7%	1,777,681	+80.0%	$162.9M
VTVVanguard Value ETF	16.3%	15.1%	728,513	+21.6%	$158.8M
VUGVanguard Indx Fd	7.3%	6.5%	825,415	+618.9%	$71.1M
IAUIshares Gold Trust	6.7%	21.4%	858,088	-54.5%	$64.8M
SECUBlackrock ETF Trust II	5.7%	5.3%	1,103,409	+34.2%	$55.0M
RSPInvesco S&p 500 Equal Weight ETF	4.3%	0.8%	198,353	+483.4%	$42.2M
BBEUJ P Morgan Exchange Traded F	3.0%	1.9%	376,103	+82.1%	$29.2M
JPYLazard Active ETF Tr	2.6%	2.5%	695,196	+16.6%	$25.4M
SCHISchwab Strategic Tr	2.6%	3.9%	1,099,967	-18.5%	$24.9M
71531T105Pershing Square USA Ltd Com Shs	2.3%	—	601,320	—	$22.5M
DXJWisdomtree Tr	2.2%	0.5%	125,863	+426.3%	$21.8M
PREFPrincipal Exchange Traded Fd	2.2%	2.1%	1,104,859	+30.4%	$21.1M
CCJCameco Corp Com	1.8%	2.4%	171,804	+1.5%	$17.5M
FRDMEa Series Trust	1.6%	—	219,058	—	$16.0M
MSFTMicrosoft Corp	1.4%	1.5%	36,373	+16.8%	$13.6M
GOOGLAlphabet Inc	1.3%	0.2%	34,113	+458.3%	$12.2M
HHHHoward Hughes Holdings Inc	1.2%	—	169,075	—	$12.1M
MITSFMitsubishi Ufj Financial Gro	1.2%	1.3%	574,236	-0.2%	$11.5M
EAGLEagle Capital Select Equity ETF	1.2%	1.2%	356,498	+19.2%	$11.5M
JPMJpmorgan Chase & Co	1.2%	1.3%	34,689	+1.8%	$11.4M
IWFIshares Russell 1000 Growth ETF	1.1%	—	87,760	—	$10.9M
IEFAIshares Core Msci Eafe ETF	1.1%	—	111,184	—	$10.7M
IAUMIshares Gold Trust Micro ETF of Benef in	1.1%	1.6%	265,651	+0.0%	$10.6M
WMTWalmart Inc	1.1%	1.4%	91,844	+5.9%	$10.4M
NOKNokia Corp	1.0%	—	753,841	—	$10.0M
ULTAUlta Beauty Inc	0.9%	1.3%	19,827	+6.7%	$8.9M
BKLNInvesco Exch Traded Fd Tr II	0.9%	1.0%	432,210	+12.7%	$8.8M
IVVIshares Core S&p 500 ETF	0.8%	—	9,880	—	$7.4M
AMZNAmazon Com Inc Com	0.5%	0.5%	21,215	+14.7%	$5.1M
IWDIshares Russell 1000 Value ETF	0.5%	—	20,400	—	$4.9M
SPYSpdr S&p 500 ETF Tr	0.5%	0.5%	6,043	-3.0%	$4.5M
TSMTaiwan Semiconductor Manufac	0.4%	0.2%	9,114	+72.8%	$4.4M
IGFIshares Global Infrastructure	0.3%	—	49,160	—	$3.3M
VTVanguard Total World Stock Index Fund Et	0.3%	—	20,200	—	$3.2M
AAPLApple Inc	0.3%	0.2%	10,603	+82.7%	$3.1M
MAMastercard Inc.	0.3%	0.2%	5,463	+70.1%	$2.8M
MELIMercadolibre Inc	0.3%	0.2%	1,630	+70.3%	$2.8M
UNHUnitedhealth Group Inc Com	0.3%	0.2%	6,297	+3.5%	$2.6M
METAMeta Platforms Inc Class A	0.3%	0.3%	4,522	+17.5%	$2.5M
EFAiShs MSCI EAFE	0.2%	—	23,150	—	$2.4M
GOOGAlphabet Inc	0.2%	0.2%	6,693	+21.6%	$2.4M
GNRState Street Spdr S&p Global Natural Res	0.2%	—	34,000	—	$2.3M
QLDProshares Tr	0.2%	0.2%	20,750	+0.0%	$2.0M
NFLXNetflix Inc Total	0.2%	0.4%	28,088	-11.6%	$2.0M
COPConocophillips	0.2%	0.3%	18,548	-2.7%	$1.9M
DHRDanaher Corporation	0.2%	0.2%	9,994	+45.1%	$1.9M
NVDANvidia Corporation Com	0.2%	—	8,647	—	$1.7M
SPGIS&P Global Inc.	0.2%	—	4,190	—	$1.7M
ASMLAsml Hldg NV	0.2%	—	823	—	$1.6M
HUMHumana Inc	0.2%	—	3,884	—	$1.5M

What Permanens Capital L.P. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

VUG Vanguard Indx Fd+618.9% shares
RSP Invesco S&p 500 Equal Weight ETF+483.4% shares
GOOGL Alphabet Inc+458.3% shares
DXJ Wisdomtree Tr+426.3% shares
AAPL Apple Inc+82.7% shares
BBEU J P Morgan Exchange Traded F+82.1% shares
BIL SPDR Brcy1-3 Ser+80.0% shares
TSM Taiwan Semiconductor Manufac+72.8% shares

Reduced

Left the top 50

IEI Ishareswas 3.9%
BKR Baker Hughes Company Cl Awas 1.4%
BRK-B Berkshire Hathaway Inc Delwas 1.2%
BRHY Blackrock ETF Trust IIwas 1.0%
BRT Brt Apartments Corpwas 0.4%
BGC Bgc Group Inc Cl Awas 0.2%
SAPGF Sap SEwas 0.2%
QQQ Invesco Qqq Trwas 0.2%

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +21.1% /yr; S&P 500 +20.1%
3 years: +18.1% /yr; S&P 500 +20.4%
5 years: +9.0% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$972.4M	100
Q1 2026	$776.3M	88
Q4 2025	$766.8M	80
Q3 2025	$670.5M	62
Q2 2025	$733.3M	68
Q1 2025	$550.7M	59
Q4 2024	$523.7M	53
Q3 2024	$492.3M	53
Q2 2024	$979.6M	27
Q1 2024	$813.9M	26
Q4 2023	$513.3M	26
Q3 2023	$584.9M	43

Questions about Permanens Capital L.P.'s portfolio

What stocks does Permanens Capital L.P. own?

Permanens Capital L.P.'s latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 100 positions worth $972.4M. The largest are SPDR Brcy1-3 Ser (BIL) at 16.8%, Vanguard Value ETF (VTV) at 16.3%, Vanguard Indx Fd (VUG) at 7.3%, Ishares Gold Trust (IAU) at 6.7% and Blackrock ETF Trust II (SECU) at 5.7%.

What did Permanens Capital L.P. buy last quarter?

In Q2 2026, Permanens Capital L.P. added Vanguard Indx Fd (VUG) (+618.9% shares), Invesco S&p 500 Equal Weight ETF (RSP) (+483.4% shares) and Alphabet Inc (GOOGL) (+458.3% shares), compared with its Q1 2026 filing.

What did Permanens Capital L.P. sell last quarter?

In Q2 2026, Permanens Capital L.P. cut from its top 50 Ishares (IEI), cut from its top 50 Baker Hughes Company Cl A (BKR), cut from its top 50 Berkshire Hathaway Inc Del (BRK-B), cut from its top 50 Blackrock ETF Trust II (BRHY), cut from its top 50 Brt Apartments Corp (BRT), Ishares Gold Trust (IAU) (-54.5% shares), Schwab Strategic Tr (SCHI) (-18.5% shares) and Netflix Inc Total (NFLX) (-11.6% shares), compared with its Q1 2026 filing.

How has Permanens Capital L.P.'s portfolio performed?

A portfolio copying Permanens Capital L.P.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +21.1% against +20.1%. Over 5 years: +9.0% a year against +11.6%.

When is Permanens Capital L.P.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Permanens Capital L.P.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Permanens Capital L.P. manage?

Permanens Capital L.P. reported $4.0B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $972.4M.