Data as of Q4 2025 (Dec 31, 2025)

Permanent Capital Management, LP

โ€ขCIK: 2054108โ€ขFiling: Q4 2025

**Permanent Capital Management, LP** manages $513M across a diversified portfolio of 157 positions. The fund exhibits a significant allocation to broad market indices, notably holding VOO at $154.0M and VTI at $8.0M. Key secondary concentrations include RSP ($41.8M), VEA ($41.7M), and VGIT ($35.4M). This structure suggests a core strategy focused on capturing broad equity market beta while maintaining tactical exposure across global and fixed-income segments.

Total AUM
$513.3M
QoQ Performance
-4.0%
Positions
143
Top 10 Concentration
72.2%
Latest Filing
Q4 2025

Top Holdings Allocation

VOO
RSP
VEA
VGIT
MSFT
VOO30.0%
RSP8.1%
VEA8.1%
VGIT6.9%
MSFT6.8%
USFR3.4%
VWO3.1%
AGG2.7%

๐Ÿ“ˆ Biggest Buys

BA
BOEING CO
NEW
0.3% of portfolio
VOO
VANGUARD INDEX FDS
+0.9%
30.0% of portfolio
UL
UNILEVER PLC
NEW
0.2% of portfolio
PGR
PROGRESSIVE CORP
NEW
0.2% of portfolio
BDX
BECTON DICKINSON & CO
NEW
0.2% of portfolio

๐Ÿ“‰ Biggest Sells

VB
VANGUARD INDEX FDS
-59.5%
1.3% of portfolio
VGIT
VANGUARD SCOTTSDALE FDS
-15.7%
6.9% of portfolio
AUR
AURORA INNOVATION INC
-46.3%
1.0% of portfolio
USFR
WISDOMTREE TR
-16.8%
3.4% of portfolio
KCCA
KRANESHARES TRUST
-91.3%
0.1% of portfolio

Sector Breakdown

Other54.0%
ETF30.6%
Technology10.0%
Industrial1.5%
Financial1.4%
Consumer1.2%
Healthcare0.6%
Energy0.2%

๐Ÿšช Exited Positionssold since Q3 2025

UL
UNILEVER PLC
SOLD
$1.2M
MTN
VAIL RESORTS INC
SOLD
$1.1M
CI
THE CIGNA GROUP
SOLD
$876.6K
CHV
CHEVRON CORP NEW
SOLD
$551.9K
MBLY
MOBILEYE GLOBAL INC
SOLD
$508.3K
+12 more exited positions

Changes from Q3 2025

NEW23 new positions
โ†‘59 increased
โ†“53 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024