Q2 2026 13F · SEC CIK 2054108

Permanent Capital Management, LP

Institutional asset managerFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $746.7M
Reported positions: 211
Holdings vs S&P 500, 3 yrs: —
Assets under management: $768.9M

Permanent Capital Management, LP is an institutional asset manager that reported 211 positions worth $746.7M in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Vanguard Intl Equity Index F (VT, 24.4%), Vanguard Index Fds (VOO, 23.3%), Ishares Tr (AGG, 8.6%).

Permanent Capital Management, LP holdings largest 50 of 211 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.

Permanent Capital Management, LP 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
VTVanguard Intl Equity Index F	24.4%	15.1%	1,160,445	+80.4%	$182.1M
VOOVanguard Index Fds	23.3%	25.3%	253,227	+2.7%	$173.9M
AGGIshares Tr	8.6%	10.0%	651,553	+0.6%	$64.5M
VEAVanguard Ftse Developed Markets Index Fu	6.4%	7.2%	675,379	+1.0%	$48.1M
VGITVanguard Scottsdale Fds	4.7%	5.5%	600,884	+0.8%	$35.4M
MSFTMicrosoft Corp	3.6%	4.6%	73,008	+0.5%	$27.2M
VWOVanguard Intl Equity Index F	2.3%	2.7%	292,236	-0.0%	$17.4M
USFRWisdomtree Tr	1.9%	2.2%	278,781	+1.4%	$14.0M
VTIVanguard Index Fds	1.3%	1.2%	25,411	+17.4%	$9.4M
ACWIIshares Tr	1.2%	1.3%	54,862	+0.0%	$8.6M
SPTLSpdr Series Trust	1.0%	1.1%	278,085	-1.4%	$7.3M
CATCaterpillar Inc	0.8%	0.8%	5,465	-2.7%	$5.8M
NVDANvidia Corporation	0.6%	0.7%	23,070	+0.2%	$4.6M
IWFIshares Tr	0.6%	0.7%	35,109	+0.1%	$4.4M
AAPLApple Inc	0.6%	0.6%	14,538	+0.5%	$4.2M
AURAurora Innovation Cl A	0.6%	1.2%	603,200	-55.0%	$4.1M
AMZNAmazon Com Inc	0.5%	0.7%	16,652	-0.1%	$4.0M
EQTYValued Advisers Tr	0.5%	—	138,184	—	$3.9M
GOOGLAlphabet Inc	0.5%	0.6%	10,023	-1.2%	$3.6M
UBSUbs Group AG	0.4%	0.4%	64,477	+0.0%	$3.2M
SPYState Str Spdr S&p 500 ETF T	0.4%	0.5%	4,185	+0.0%	$3.1M
BNYBank of Ny Mellon Corp	0.4%	0.4%	20,794	+0.0%	$3.0M
GLDSpdr Gold Tr	0.4%	0.5%	8,157	+0.0%	$3.0M
EXEExpand Energy Corporation	0.3%	0.4%	26,635	+18.9%	$2.4M
KMBKimberly-Clark Corp	0.3%	0.4%	20,522	-15.5%	$2.3M
DGXQuest Diagnostics Inc	0.3%	—	10,706	—	$2.3M
CDZICadiz Inc	0.3%	0.3%	537,680	+13.4%	$2.2M
UNPUnion Pac Corp	0.3%	0.3%	7,913	+0.0%	$2.2M
GOOGAlphabet Inc	0.3%	0.4%	5,939	-1.2%	$2.1M
RSPInvesco Exchange Traded Fd T	0.3%	3.6%	8,945	-92.0%	$1.9M
OIO-I Glass Inc	0.2%	—	186,778	—	$1.8M
LLoews Corp	0.2%	0.3%	15,454	-0.0%	$1.7M
ALKAlaska Air Group Inc	0.2%	—	33,099	—	$1.7M
AVGOBroadcom Inc	0.2%	0.3%	4,072	+3.9%	$1.5M
JNJJohnson & Johnson	0.2%	0.2%	6,055	+4.6%	$1.5M
GLNGGolar Lng Ltd Shs	0.2%	0.2%	28,796	+0.0%	$1.4M
VTVVanguard Index Fds	0.2%	—	6,480	—	$1.4M
COFCapital One Finl Corp	0.2%	0.2%	6,859	+0.0%	$1.4M
MGMMgm Resorts International	0.2%	0.2%	28,463	-11.2%	$1.4M
METAMeta Platforms Inc	0.2%	0.2%	2,410	+4.3%	$1.4M
TECKTeck Resources Ltd	0.2%	0.2%	21,526	+0.0%	$1.3M
IBMInternational Business Machs	0.2%	—	4,298	—	$1.2M
IWMIshares Tr	0.2%	0.2%	4,007	-4.6%	$1.2M
VXUSVanguard Star Fds	0.2%	—	13,986	—	$1.2M
WMTWalmart Inc	0.2%	0.2%	10,383	+0.0%	$1.2M
HZOMarinemax Inc	0.2%	—	31,474	—	$1.2M
OEFIshares Tr	0.2%	—	3,149	—	$1.2M
AXSAxis Capital Holdings Ltd	0.1%	0.2%	10,053	+0.0%	$1.1M
ULUnilever PLC	0.1%	0.2%	17,648	+0.0%	$1.1M
NTRSNorthern Trust Corp	0.1%	0.2%	6,011	+0.0%	$1.0M

What Permanent Capital Management, LP 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

VT Vanguard Intl Equity Index F+80.4% shares
EXE Expand Energy Corporation+18.9% shares
VTI Vanguard Index Fds+17.4% shares
CDZI Cadiz Inc+13.4% shares

Reduced

RSP Invesco Exchange Traded Fd T-92.0% shares
AUR Aurora Innovation Cl A-55.0% shares
KMB Kimberly-Clark Corp-15.5% shares
MGM Mgm Resorts International-11.2% shares

Left the top 50

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: +6.1% /yr; S&P 500 +11.7%
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 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	$746.7M	211
Q1 2026	$643.0M	155
Q4 2025	$513.3M	157
Q3 2025	$534.9M	151
Q1 2025	$348.9M	79
Q4 2024	$323.0M	74

Questions about Permanent Capital Management, LP's portfolio

What stocks does Permanent Capital Management, LP own?

Permanent Capital Management, LP's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 211 positions worth $746.7M. The largest are Vanguard Intl Equity Index F (VT) at 24.4%, Vanguard Index Fds (VOO) at 23.3%, Ishares Tr (AGG) at 8.6%, Vanguard Ftse Developed Markets Index Fu (VEA) at 6.4% and Vanguard Scottsdale Fds (VGIT) at 4.7%.

What did Permanent Capital Management, LP buy last quarter?

In Q2 2026, Permanent Capital Management, LP added Vanguard Intl Equity Index F (VT) (+80.4% shares), Expand Energy Corporation (EXE) (+18.9% shares) and Vanguard Index Fds (VTI) (+17.4% shares), compared with its Q1 2026 filing.

What did Permanent Capital Management, LP sell last quarter?

In Q2 2026, Permanent Capital Management, LP cut from its top 50 Vanguard Index Fds (VB), cut from its top 50 Pg&e Corp (PCG), cut from its top 50 Jpmorgan Chase & Co (JPM), cut from its top 50 General Mtrs Co (GM), cut from its top 50 Coca Cola Co (KO), Invesco Exchange Traded Fd T (RSP) (-92.0% shares), Aurora Innovation Cl A (AUR) (-55.0% shares) and Kimberly-Clark Corp (KMB) (-15.5% shares), compared with its Q1 2026 filing.

When is Permanent Capital Management, LP's next 13F filing due?

13F filings are due 45 days after each quarter ends. Permanent Capital Management, LP'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 Permanent Capital Management, LP manage?

Permanent Capital Management, LP reported $768.9M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $746.7M.